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2021-12-31-accounts

REGISTERED CHARITY NUMBER: 1134147

Annual Report of the Parochial Church Council and Financial Statements for the Year Ended 31 December 2021

for St. Mary and All Saints Parish Church Chesterfield

St. Mary and All Saints Parish Church Chesterfield

Contents of the Financial Statements for the year ended 31 December 2021

Page
Report of the Parochial Church Council 1 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8
Cash Flow Statement 9
Notes to the Financial Statements 10 to 19
Detailed Statement of Financial Activities 20 to 21

St. Mary and All Saints Parish Church Chesterfield

Report of the Parochial Church Council for the year ended 31 December 2021

The Parochial Church Council (PCC) presents its report with the financial statements of the charity for the year ended 31 December 2021. The PCC have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

St. Mary and All Saints Parochial Church Council (PCC) has the responsibility, with the incumbent, of promoting in the ecclesiastical parish the whole mission of the Church of England; pastoral, evangelistic, social, and ecumenical. It also has the responsibility for St. Leonard's Mission Church, Spital and the Saints Parish Centre.

The PCC is committed to enabling as many people as possible to worship at our church and to become part of our parish community. The PCC maintains an overview of worship throughout the parish and makes suggestions on how our services can involve the many groups that live within our parish. Our services and worship put faith into practice through prayer and scripture, music and sacrament.

When planning our activities for the year, the incumbent and the PCC have considered the Commission's guidance on public benefit and in particular, the specific guidance on charities for the advancement of religion. In particular, we try to enable ordinary people to live out their faith as part of our parish community through:

To facilitate this work it is important that we maintain the fabric of the church, St. Leonard's Mission Church, and the Saints Parish Centre.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

MAJOR TOPICS DISCUSSED AND ACTIONED BY PCC DURING THE YEAR

Safeguarding policies and training issues.

Implementation of second phase of Lighting Plan.

Implementation of roof repairs; re-leading of north and south aisles and re-slating of east end.

Purchase of cabinet continuo organ.

Cover for verger and lately assistant verger duties.

Movement of bank account to the Metro Bank.

Problems with the malfunctioning lift in the Saints.

Electrification of the organ stops and organ maintenance.

Reassessment and adoption of church policies including the addition of an environment policy.

Security and safety at St. Leonard's Mission Church. Replacement of fallen plaster from part of the ceiling.

FINANCIAL REVIEW

Financial position

For the year ended 31 December 2021, the PCC had total incoming resources of £546,567 (2020 £236,456) and total resources expended of £642,570 (2020 £285,197) resulting in net outgoing resources of £96,003 (2020 net outgoing resources of £48,741). There were unrealised gains on investments of £32,079 (2020 £14,258) resulting in a net decrease of funds for the year of £63,924 (2020 of £34,483).

Page 1

St. Mary and All Saints Parish Church Chesterfield

Report of the Parochial Church Council for the year ended 31 December 2021

FINANCIAL REVIEW Reserves policy

It is considered that the unrestricted funds not committed or invested in assets (the free reserves) should be equivalent to the cost of maintaining for one year the activities directly relating to the work of the church together with the normal annual expenditure on outward giving and church administration. This would amount in total to £150000, which the PCC considers to be the appropriate level bearing in mind the uncertain nature of much of its general income and the increased reliance on income generated from trading activities. So far as the balance of free reserves is concerned, the PCC is of the opinion that this amount will be wholly used in the completion of maintenance and refurbishment works to the church building.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is an unincorporated charity directly responsible to The Church of England.

Page 2

St. Mary and All Saints Parish Church Chesterfield

Report of the Parochial Church Council for the year ended 31 December 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT Organisational structure

MEMBERSHIP OF THE PAROCHIAL CHURCH COUNCIL

Members are either elected by the Annual Parochial Church Meeting in accordance with the Church Representation Rules, co-opted, invited or are ex officio.

CLERGY

Reverend Patrick Coleman - Incumbent. Reverend James Milwain - Assistant Curate.

Reverend Iain Faulkner, Reverend Canon Karen Hamblin, Reverend John Pinder-Packard, Reverend Steven Tricklebank - Associate Priests.

PARISH READER

Mr John Gascoyne

CHURCHWARDENS

Mr Colin McKenna Dr Malcolm Wilkinson

REPRESENTATIVES OF NE DERBYSHIRE DEANERY SYNOD

Mr John Gascoyne (Also Diocesan Synod) Mr Nigel Swann Mrs Catherine Longstaff

ELECTED MEMBERS

Mrs Sheila Barrett (Treasurer) Mrs Audrey Fretwell (Secretary, Deceased 28th February 2021) Mr Chris Hutchinson (Secretary, Appointed in place of Mrs Audrey Fretwell) Ms Kathy Crawshaw - Moore Ms Jo Crawshaw - Moore Mr John Hague (Lay Chairman) Mrs Linda Wilkinson Mr Jonathan Davies (Resigned June 2021) Mr Josh Allen Dr Paul Nash Mrs Rebecca Landers

The PCC meets monthly except for months with insufficient business, the APCM or other agreed reasons and is able to call extraordinary meetings if and when necessary.

Page 3

St. Mary and All Saints Parish Church Chesterfield

Report of the Parochial Church Council for the year ended 31 December 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT Decision making

PCC COMMITTEES

Normally these meet between regular PCC meetings as required.

STANDING COMMITTEE

Membership: Vicar, Churchwardens, Treasurer, Secretary and Lay Chairman.

This statutory committee has power to transact PCC business, subject to any directions given by the PCC.

FINANCE COMMITTEE

Membership: As Standing Committee

The committee overseas the general financial work of the parish, by monitoring income and expenditure, budgeting and advising on investment of church funds.

ST. LEONARD'S MANAGEMENT COMMITTEE

Membership: Vicar, Churchwardens, Secretary, all members of the congregation. Responsible to PCC for the fabric and management of St. Leonard's Mission Church.

THE SAINTS PARISH CENTRE AND COFFEE SHOP

The Saints Parish Centre is managed by the Church Office and overseen by the Vicar. The coffee shop is managed by Pomegranate Catering Limited and overseen by the Vicar.

CHURCH SHOP

Run by the Shop Manager (Mr Colin McKenna) for PCC.

OTHER GROUPS RESPONSIBLE TO PCC:

Bell- Ringers Parish Church Choir Flower Guild

MEETINGS

Due to the Covid-19 pandemic the PCC business was somewhat disrupted over the year. PCC met six times during the year (two of which were virtual meetings on Zoom) with an average attendance of 87.5%. Nine members recorded 100% attendance at the meetings.

In addition there are four PCC working groups, Liturgy, Prayer, Outreach and Buildings.

As well as PCC meetings:

Standing Committee (STACOM) met twice.

Church attendance

The Electoral Roll presented at the Annual Meeting in 2021 lists 112 Parishioners. The average combined weekly attendance at the Parish Church and St. Leonard's as taken during October was 183 Adults and 10 Young Persons.

Risk management

The PCC have a duty to identify and review the risks to which the Church is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

1134147

Page 4

St. Mary and All Saints Parish Church Chesterfield

Report of the Parochial Church Council

for the year ended 31 December 2021

Principal address

The Parish Church of St. Mary and All Saints Church Way Chesterfield Derbyshire S40 1XJ

Church Personnel

Reverend Patrick Coleman Vicar Mr John Gascoyne Lay Reader Mr Colin McKenna Churchwarden Dr Malcolm Wilkinson Churchwarden Mrs Sheila Barrett Treasurer Mrs Audrey Fretwell Secretary (deceased 28.2.21) Mr John Hague Lay Chairman Reverend James Milwain Curate Mr Chris Hutchinson Secretary (appointed 1.3.21)

Independent Examiner

John Henry Francis King Chartered Certified Accountant John H. F. King Chartered Certified Accountants 119 High Street Clay Cross Chesterfield Derbyshire S45 9DZ

Approved by order of the Parochial Church Council on 8 March 2022 and signed on its behalf by:

Mr John Hague – Lay Chairman

Page 5

Independent Examiner's Report to the Parochial Church Council of St. Mary and All Saints Parish Church Chesterfield

Independent examiner's report to the Parochial Church Council of St. Mary and All Saints Parish Church Chesterfield

I report to the Parochial Church Council on my examination of the accounts of St. Mary and All Saints Parish Church Chesterfield (the Church) for the year ended 31 December 2021.

Responsibilities and basis of report

The Parochial Church Council is responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Church’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of The Association of Chartered Certified Accountants which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

John Henry Francis King Chartered Certified Accountant John H. F. King Chartered Certified Accountants 119 High Street Clay Cross Chesterfield Derbyshire S45 9DZ

8 March 2022

Page 6

St. Mary and All Saints Parish Church Chesterfield

Statement of Financial Activities

for the year ended 31 December 2021

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
475,172
Other trading activities
3
61,401
Investment income
4
6,679
Total
543,252
EXPENDITURE ON
Raising funds
5
35,168
Charitable activities
6
Church activities
602,376
Other
-
Total
637,544
NET INCOME/(EXPENDITURE)
(94,292)
Net gains on investments
32,079
Transfers between funds
18
(1,711)
Net movement in funds
(63,924)
RECONCILIATION OF FUNDS
Total funds brought forward
823,842
TOTAL FUNDS CARRIED FORWARD
759,918		 Restricted
fund
£
1,102
2,213
-
3,315
-
5,026
-
5,026
(1,711)
-
1,711
-
-
-		 31.12.21
31.12.20
Total
Total
funds
funds
£
£
476,274
186,114
63,614
42,153
6,679
8,189
546,567
236,456
35,168
43,721
607,402
239,551
-
1,925
642,570
285,197
(96,003)
(48,741)
32,079
14,258
-
-
(63,924)
(34,483)
823,842
858,325
759,918
823,842

CONTINUING OPERATIONS

All income and expenditure has arisen from continuing activities.

The notes form part of these financial statements

Page 7

St. Mary and All Saints Parish Church Chesterfield

Balance Sheet

31 December 2021

Notes
FIXED ASSETS
Tangible assets
12
Investments
13
CURRENT ASSETS
Stocks
14
Debtors
15
Investments
16
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
17
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
18
Unrestricted funds
TOTAL FUNDS		 Unrestricted
fund
£
193,148
258,594
451,742
15,671
9,534
287,802
1,478
314,485
(6,309)
308,176
759,918
759,918		 Restricted
fund
£
-
-
-
-
-
-
-
-
-
-
-
-		 31.12.21
Total
funds
£
193,148
258,594
451,742
15,671
9,534
287,802
1,478
314,485
(6,309)
308,176
759,918
759,918
759,918
759,918		 31.12.20
Total
funds
£
190,014
222,282
412,296
22,477
13,478
387,929
2,467
426,351
(14,805)
411,546
823,842
823,842
823,842
823,842

The financial statements were approved by the Parochial Church Council and authorised for issue on 8 March 2022 and were signed on its behalf by:

Reverend Patrick Coleman - Vicar

Mr John Hague – Lay Chairman

The notes form part of these financial statements

Page 8

St. Mary and All Saints Parish Church Chesterfield

Cash Flow Statement
for the year ended 31 December
Notes
Cash flows from operating activities
Cash generated from operations
20
Net cash used in operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Purchase of fixed asset investments
Movement in short term investments
Net cash provided by investing activities
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end of
the reporting period		 Cash Flow Statement
for the year ended 31 December		 2021
31.12.21
£
(84,882)
(84,882)
(12,000)
(4,234)
100,127
83,893
(989)
2,467
1,478		 31.12.20
£
(51,403)
(51,403)
(8,829)
(3,971)
62,969
50,169
(1,234)
3,701
2,467

The notes form part of these financial statements

Page 9

St. Mary and All Saints Parish Church Chesterfield

Notes to the Financial Statements for the year ended 31 December 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - 2% on cost
Fixtures and fittings - 20% on cost and at varying rates on cost
Computer equipment - 33% on cost

Individual items of equipment used within the church office and the parish centre with a purchase price of £500 or less are written off when the asset is acquired.

Consecrated and benefice property is not included in the accounts in accordance with Section 10(2)(a) and (c) of the Charities Act 2011.

Moveable church furnishings held by the vicar and churchwardens on special trust for the PCC and which require a faculty for disposal are inalienable property, listed in the church's inventory, which can be inspected at any reasonable time. No value has been placed on these items acquired prior to 2015 as insufficient cost information is available.

All expenditure incurred during the year on consecrated or benefice buildings and individual items under £1000, or on the repair of movable church furnishings acquired before 2015 whether maintenance or improvement, is written off as expenditure in the Statement of Financial activities.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

The charity is exempt from tax on its charitable activities.

continued...

Page 10

St. Mary and All Saints Parish Church Chesterfield

Notes to the Financial Statements - continued for the year ended 31 December 2021

1. ACCOUNTING POLICIES - continued

Fund accounting

Restricted funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of each year must be carried forward as a balance on that fund.

Unrestricted funds comprise the General Fund which can be used for PCC ordinary purposes and funds designated for a particular purpose by the PCC.

Pension costs and other post-retirement benefits

The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Donated services

General Volunteers

The contribution of general volunteers cannot be measured reliably and therefore is not included as income within the charity accounts. The work of general volunteers is however crucial for the charity to continue its fundraising and charitable activities.

2. DONATIONS AND LEGACIES

Unrestricted
funds
£
Planned giving and collections
34,066
Donations
11,797
Gift aid
8,309
Legacies
-
Grants
421,000
475,172		 Restricted
funds
£
906
-
196
-
-
1,102		 31.12.21
Total
funds
£
34,972
11,797
8,505
-
421,000
476,274		 31.12.20
Total
funds
£
37,442
9,863
9,292
1,000
128,517
186,114

Grants received, included in the above, are as follows:

HMRC Job retention scheme
Apprenticeship grant
DCMS VAT grant
Small business rates grant
Raymond Ross grant
Crooked Spire appeal fund
Friends of Chesterfield Parish Church
Cultural Recovery Fund		 31.12.21
£
687
-
78,756
-
-
117,515
-
224,042
421,000		 31.12.20
£
6,005
1,000
9,329
10,000
15,000
42,555
17,500
27,128
128,517

continued...

Page 11

St. Mary and All Saints Parish Church Chesterfield

Notes to the Financial Statements - continued for the year ended 31 December 2021

3. OTHER TRADING ACTIVITIES

3. OTHER TRADING ACTIVITIES
31.12.21 31.12.20
Unrestricted Restricted Total Total
funds funds funds funds
£ £ £ £
Fundraising events 6,455 - 6,455 12,834
Church shop income 27,810 - 27,810 15,127
Saints parish centre 5,668 - 5,668 5,142
Tower visits 1,539 - 1,539 50
Votive candles 5,520 - 5,520 4,125
Fees and church usage 5,456 2,213 7,669 4,875
Christmas tree festival 8,953 - 8,953 -
61,401 2,213 63,614 42,153
4. INVESTMENT INCOME
31.12.21 31.12.20
Unrestricted Restricted Total Total
funds funds funds funds
£ £ £ £
Dividends and interest 6,679 - 6,679 8,189
5. RAISING FUNDS
Other trading activities
31.12.21 31.12.20
Unrestricted Restricted Total Total
funds funds funds funds
£ £ £ £
Opening stock 22,477 - 22,477 18,316
Purchases 5,576 - 5,576 13,024
Closing stock (15,671) - (15,671) (22,477)
Staff costs - - - 1,067
Parish centre and shop overheads 12,022 - 12,022 13,859
Fundraising costs 2,996 - 2,996 10,870
Christmas tree festival 446 - 446 -
Depreciation 7,322 - 7,322 9,062
35,168 - 35,168 43,721

continued...

Page 12

St. Mary and All Saints Parish Church Chesterfield

Notes to the Financial Statements - continued for the year ended 31 December 2021

6. CHARITABLE ACTIVITIES COSTS

Direct
Costs
£
Church activities
605,227
Direct costs for 2020 amounted to £239,269.
7.
GRANTS PAYABLE
Church activities
Grant funding relates to Missionary giving.
8.
SUPPORT COSTS
Church activities
Support costs, included in the above, are as follows:
Accountancy		 Grant
funding of
activities
(see note
7)
£
250		 Support
costs (see
note 8)
Totals
£
£
1,925
607,402
31.12.21
31.12.20
£
£
250
282
Governance
costs
£
1,925
31.12.21
31.12.20
Church
Total
activities
activities
£
£
1,925
1,925

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2021 nor for the year ended 31 December 2020.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2021 nor for the year ended 31 December 2020.

continued...

Page 13

St. Mary and All Saints Parish Church Chesterfield

Notes to the Financial Statements - continued for the year ended 31 December 2021

10. STAFF COSTS

10. STAFF COSTS
31.12.21 31.12.20
£ £
Wages and salaries 50,004 51,414
Other pension costs 1,539 1,539
51,543 52,953
The average monthly number of employees during the year was as follows:
31.12.21 31.12.20
Vergers 3 4
St. Leonard's caretaker 1 1
Organist and choirmaster 1 1
Apprentice events assistant 1 1
Safeguarding officer 1 1
7 8
No employees received emoluments in excess of £60,000.
During the year and the previous year three members of the PCC were paid for their services: Ms Kathy
Crawshaw- Moore, verger £2,417 (2020 £3,640), Mr Josh Allen apprentice events assistant £7,680 (2020
£8,269) and Dr. P.Nash, organist and choirmaster £13,546.(2020 £12,665).
11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund fund funds
£ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 184,781 1,333 186,114
Other trading activities 40,799 1,354 42,153
Investment income 8,175 14 8,189
Total 233,755 2,701 236,456
EXPENDITURE ON
Raising funds 43,721 - 43,721
Charitable activities
Church activities 234,989 4,562 239,551
Other 1,925 - 1,925
Total 280,635 4,562 285,197
NET INCOME/(EXPENDITURE) (46,880) (1,861) (48,741)
Net gains on investments 14,258 - 14,258
Transfers between funds (32) 32 -
Net movement in funds (32,654) (1,829) (34,483)

continued...

Page 14

St. Mary and All Saints Parish Church Chesterfield

Notes to the Financial Statements - continued for the year ended 31 December 2021

11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued

RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
12.
TANGIBLE FIXED ASSETS
COST
At 1 January 2021
Additions
At 31 December 2021
DEPRECIATION
At 1 January 2021
Charge for year
At 31 December 2021
NET BOOK VALUE
At 31 December 2021
At 31 December 2020		 Freehold
property
£
257,052
-
257,052
99,384
4,141
103,525
153,527
157,668		 Unrestricted
fund
£
856,496
823,842
Fixtures
and
fittings
£
43,420
12,000
55,420
12,064
4,230
16,294
39,126
31,356		 Restricted
fund
£
1,829
-
Computer
equipment
£
1,485
-
1,485
495
495
990
495
990		 Total
funds
£
858,325
823,842
Totals
£
301,957
12,000
313,957
111,943
8,866
120,809
193,148
190,014

Included in cost or valuation of land and buildings is freehold land of £50,000 (2020 - £50,000) which is not depreciated.

The freehold property comprises the Saints Parish Centre, St. Mary's Gate, Chesterfield.

13. FIXED ASSET INVESTMENTS

FIXED ASSET INVESTMENTS
Listed
investments
£
MARKET VALUE
At 1 January 2021 222,282
Additions 4,233
Revaluations 32,079
At 31 December 2021 258,594
NET BOOK VALUE
At 31 December 2021 258,594
At 31 December 2020 222,282

Page 15

continued...

St. Mary and All Saints Parish Church Chesterfield

Notes to the Financial Statements - continued for the year ended 31 December 2021

13. FIXED ASSET INVESTMENTS - continued

There were no investment assets outside the UK.

Cost or valuation at 31 December 2021 is represented by:

Listed
investments
£
Valuation in 2021 258,594
The investments comprise 11042 (2020 10850) units in the CBF Church of England Investment Fund - Income
Shares.
14. STOCKS
31.12.21 31.12.20
£ £
Stocks 15,671 22,477
15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£ £
Other debtors 8,944 9,327
Gift aid tax recoverable 590 692
VAT - 3,459
9,534 13,478
16. CURRENT ASSET INVESTMENTS
31.12.21 31.12.20
£ £
Short term deposits 287,802 387,929
17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£ £
VAT 1,529 -
Accrued expenses 4,780 14,805
6,309 14,805

The investments comprise 11042 (2020 10850) units in the CBF Church of England Investment Fund - Income Shares.

Page 16

continued...

St. Mary and All Saints Parish Church Chesterfield

Notes to the Financial Statements - continued for the year ended 31 December 2021

18. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Restricted funds
St. Leonard's Mission Church
TOTAL FUNDS
Net movement in funds, included in the above are
Unrestricted funds
General fund
Restricted funds
St. Leonard's Mission Church
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
Restricted funds
St. Leonard's Mission Church
TOTAL FUNDS		 At 1.1.21
£
823,842
-
823,842
as follows:
Incoming
resources
£
543,252
3,315
546,567
At 1.1.20
£
856,496
1,829
858,325		 Net
movement
in funds
£
(62,213)
(1,711)
(63,924)
Resources
expended
£
(637,544)
(5,026)
(642,570)
Net
movement
in funds
£
(32,622)
(1,861)
(34,483)		 Transfers
between
At
funds
31.12.21
£
£
(1,711)
759,918
1,711
-
-
759,918
Gains and
Movement
losses
in funds
£
£
32,079
(62,213)
-
(1,711)
32,079
(63,924)
Transfers
between
At
funds
31.12.20
£
£
(32)
823,842
32
-
-
823,842

continued...

Page 17

St. Mary and All Saints Parish Church Chesterfield

Notes to the Financial Statements - continued for the year ended 31 December 2021

18. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
St. Leonard's Mission Church
TOTAL FUNDS		 Incoming
resources
£
233,755
2,701
236,456		 Resources
expended
£
(280,635)
(4,562)
(285,197)		 Gains and
Movement
losses
in funds
£
£
14,258
(32,622)
-
(1,861)
14,258
(34,483)

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Restricted funds
St. Leonard's Mission Church
TOTAL FUNDS		 At 1.1.20
£
856,496
1,829
858,325		 Net
movement
in funds
£
(94,835)
(3,572)
(98,407)		 Transfers
between
funds
£
(1,743)
1,743
-		 At
31.12.21
£
759,918
-
759,918

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
St. Leonard's Mission Church
TOTAL FUNDS		 Incoming
resources
£
777,007
6,016
783,023		 Resources
expended
£
(918,179)
(9,588)
(927,767)		 Gains and
Movement
losses
in funds
£
£
46,337
(94,835)
-
(3,572)
46,337
(98,407)

The unrestricted funds comprise the General fund and one designated fund, the Legacies Fund which arises from recent legacies and is earmarked for specific expenditure at the discretion of the PCC.

Included within the General Fund are the accounts of the following church groups: Church Shop, Flower Guild, Choir, Bell-ringers, and Saints Parish Centre.

The restricted fund comprises the St Leonard's Mission Church Fund - for the upkeep and maintenance of St. Leonard's Mission Church Spital Chesterfield.

continued...

Page 18

St. Mary and All Saints Parish Church Chesterfield

Notes to the Financial Statements - continued for the year ended 31 December 2021

19. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2021.

20. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net expenditure for the reporting period (as per the Statement of
Financial Activities)
Adjustments for:
Depreciation charges
Gain on investments
Movement in Gift Aid tax recoverable
Decrease/(increase) in stocks
Decrease/(increase) in debtors
(Decrease)/increase in creditors
Net cash used in operations		 31.12.21
£
(63,924)
8,867
(32,079)
102
6,806
3,842
(8,496)
(84,882)		 31.12.20
£
(34,483)
9,062
(14,258)
242
(4,161)
(12,433)
4,628
(51,403)

21.. ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.21 Cash flow At 31.12.21
£ £ £
Net cash
Cash at bank and in hand 2,467 (989) 1,478
2,467 (989) 1,478
Liquid resources
Deposits included in cash - - -
Current asset investments 387,929 (100,127) 287,802
387,929 (100,127) 287,802
Total 390,396 (101,116) 289,280

22. OTHER ORGANISATIONS

The figures in these accounts do not include those relating to 'The Friends of the Parish Church of St. Mary and All Saints Chesterfield' and 'The Chesterfield Church of the Crooked Spire Appeal Fund' which are separate charities and, although their activities are for the benefit of the parish Church, are not under the control of the PCC.

Page 19

St. Mary and All Saints Parish Church Chesterfield

Detailed Statement of Financial Activities for the year ended 31 December 2021

31.12.21 31.12.20
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Planned giving and collections 34,972 37,442
Donations 11,797 9,863
Gift aid 8,505 9,292
Legacies - 1,000
Grants 421,000 128,517
476,274 186,114
Other trading activities
Fundraising events 6,455 12,834
Church shop income 27,810 15,127
Saints parish centre 5,668 5,142
Tower visits 1,539 50
Votive candles 5,520 4,125
Fees and church usage 7,669 4,875
Christmas tree festival 8,953 -
63,614 42,153
Investment income
Dividends and interest 6,679 8,189
Total incoming resources 546,567 236,456
EXPENDITURE
Other trading activities
Opening stock 22,477 18,316
Purchases 5,576 13,024
Wages - 1,067
Parish centre and shop overheads 12,022 13,859
Fundraising costs 2,996 10,870
Christmas tree festival 446 -
Depreciation of freehold property 4,141 4,141
Fixtures and fittings 2,686 4,426
Computer equipment 495 495
Closing stock (15,671) (22,477)
35,168 43,721
Charitable activities
Wages 50,004 50,347
Pensions 1,539 1,539
Diocesan parish share 61,795 54,761
Other ministry costs 1,159 1,568
Carried forward 114,497 108,215

This page does not form part of the statutory financial statements

Page 20

St. Mary and All Saints Parish Church Chesterfield

Detailed Statement of Financial Activities

for the year ended 31 December 2021

31.12.21 31.12.20
£ £
Charitable activities
Brought forward 114,497 108,215
Church maintenance 453,525 101,492
Church running expenses 25,665 19,151
Upkeep of services 5,013 3,055
Office administration 3,893 3,457
Irrecoverable VAT 1,089 3,899
Depreciation fixtures and fittings 1,545 -
Missionary giving 250 282
605,477 239,551
Support costs
Governance costs
Accountancy 1,925 1,925
Total resources expended 642,570 285,197
Net expenditure (96,003) (48,741)

This page does not form part of the statutory financial statements

Page 21