PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST ANDREW. COULSDON TRUSTEES REPORT AND FINANCIAL STATEMENTS 2021 TRusfEES REPORT 2021 Our Vision Statement - 'A joyful, darinsj diverse and generous Chrlstlan communlty, settins the world alight with the love of GI., Aim and Purposes. St. Andrew's Parochlal Church Councll (PCCI has the responsibility of cooperating with the incumbent, the Reverend Esther Foss, in promoting in the ecclesiastical parish the whole mTssion of the Church, pastoral, evangelistic, social and ecumenical. The PCC is aba specifically responsible for the maintenance of the Church Hall and the property at 23 Ricknian Hill. Objectlves and Actlvltles. The PCC is committed to enabling as many people as possible to worship at our church and to become part of our parish community at St. Andrew's. The PCC maintains an overview of worship throughout the parTsh and makes suggestions on how our services can involve the many group5 that live wlthin our parish. When planning our actlvlties for the year, we have consldered the Commlsslon's guidance on public benefit ar)d the supplementary guiéance 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: Worship and prayer: learning about the Gospel; developing kn¢)wLedge of the Christian faith and deepening our relationship vdth God. Provision of pastoral care for people living in the parish and those outside the parfsh but who worship at St Andrew's. Missionary and treach work to people of all ages. To facilitate this work, it Is Important that we maintain the fabric of the Church of St. Andrew and the Church Hall. Structure, governance and management. The method of appointment of PCC members is set out in the Church Representation Rules. At St. Andrew's the membership of the PCC consists of the incumbent, churchwardens, diocesan reader5, deanery synod repre5entative5 and members elected by those members of the congregation who are on the electoral roll of the church. All those who attend our services I members of the congregation are encouraged to register on the Electoral Roil and stand for election to the PCC. The PCC member5 are responsible for making decisTons on all matter5 of general concern and importance to the parish including deciding on how the funds of the PCC are to be spent. New members recelve initial trainlng Into the workings of the PCC. The full PCC met slx tlmes during 2021 and once for an extraordlnary meetlngs. PCC of St Andrew, Couisdon - Trustees Report and Financial Accounts 2021 Pagell
The Standing Committee 15 required by law and has the authority to transact PCC business between meetings, subject to any directions given by the PCC. Given its wide responsiblllties the PCC has two subcommittees: the Finance Committee and the Leadership Committee. These sukommittees are responsible to the PCC and report back to It with minute5 of their decisions being received by the full PCC arKJ di5CUSsed as necessary. The Finance Committee met twTce in 2021. Rlsk management. The Parixhial Church Council ha5 a duty to identify and review risks to which the charity TS exposed and ensure appropriate contro15 are in platr to provide reasonable assurance against fraud and error. The Parochial Church Council has assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity also child and vulnerable persons safeguarding, and are satisfied that systems are In place to mitigate exposure to major ri5k5. Adrnini5tratlon. St. Andrew's Church is situated on Woodmansterne Road. CClsdon. It is part of the Diocese of Southwark within the Church of England. The correspondence address is: The Partsh Offlce, St Andrew's Church, Wocrtjmansterne Road, Coulsdon, Surrey CR5 2DD. The Parochial Church C¢)unciL (PCC) is an uninc¢)rporated charity body established by the Church of England. The PCC operates under the Parochial Church Councll Powers Measures. The Charlty registration number for St Andrew's is 1134597. PCC member5 who have served at any time from 1st January 2021 until the date this report was approved are: Ex Officio members Vicar and Chairperson: Readers: Churchwardens: Revd. Esther Foss Susan Goddard, Gerry Daley Audra prtOr Sheila Linney Barbara Rogers Gerry Daley Jenny Atkinson (SPAI Vacancy Kim Essex Deanery Synod: PCC Secretary: PCC minutes: Elected members servlng throughout 2021 were: Catherine Atkinson Jan Greenfield Sara Jane Davidson Danielle Stobart Gail Hayne5 John Linney (freasurerl PCC of St Andrew. Coulsdon - Trustees Report and Financial Accounts 2021 Page12
Members stepping down in 2021 were: Cynthia Stanley Members appointed during 2021 were: Karen Bowey Allison North Dorothea Harle5ton Ann Witham Standing Committee members who have served at any time from 1st January 2021 are: Revd. Esther F05S Audra Proctor Sheila Linney Gerry Daley Susan Goddard Jenny Atkinson Jthn Linney Finance Committee members who have Served at any time fr(xn 15r January 2021 are: Revd. Esther Fos5 Audra Proctor Sheila Linney John Linney Gerry Daley Cynthia Stanley Jan Goddard Leadership committ Members who have served at any time from 1st January 2021 are: Revd. Esther Foss Audra Proctor Sheila Linney Gerry Daley Susan Goddard Jenny Atkinsc PCC of St Andr, Couisdon - Trustee5 Report and Financial Accounts 2021 Page13
Financial Re rt 2021 The financial responsibility of the PCC is to ensure that funds are available to resource outreach, flnance the mlnistry of St Andrew's and maintain its buildings for future generations. The Council's policy is to build up and maintain sufficient funds to cover contingencies and meet these ends, this is now h1ghllghted In our Finance Policy updated and approved by PCC on 20 Aprll 2020. During the year, the PCC incurred unbudgeted unexpected major expenditure for remedial work on the organ at £7,716. The dlsputed claim of £6,013 for replacement hall boller work was settled with an agreed settlement of £2,700. The new Remembrance Garden was expected be completed In 2021; unfortunately, we have been unable to agree with the Diocese the 51te and scope of the project. However, the work will be at a significantly greater cost than originally bLKlgeted for. The PCC agreed that replacement of the West Window in the Narthex should be a priority in 2022(c05t c.£78KI' the West Window Renewal Subcommittee was subsequently established in February 2021 and has rnet on several occasions. Significant progress has been made but it remains to be seen whether work5 will be completed in 2022. Whilst Covid 19 resulted in marked reductions in income for 2020 we have had a markedly improved 2021,. in particular £5,4K from DonationslAppea15 and £8.5K froffl hall lettings The PCC decided for 2021 to malntaln prevlous year's levels of charftable payments, wth MISSI¢ grants totaling £2.7K However, we also agreed to increase our planned Parish Support Fund C¢tribUtIOn to £58,000 for 2022, similar to 2020, compared with £50,112 In 2021. Funding of the PCC actlvities Is met prfncipally by: (al In the year, regular giving under the Stewardship scheme Including the Income Tax recovered on glft ald. decreased by clrca £1 K to £48,700 versus 2020. Income from the investments - the leve15 remained similar to 2020. Hall income - increased by £3.5K in 2021 compared to 2020 but is still £2.5K below 2019 levels. Rent from Rickman Hlll - levels maintained in 2021. Fund raising activities - at £2.8K still reduced markedly compared with 2019(£5.6K); raised largely from our Pantomime. (b) Ic) Id) le> We are aware of the Charity Governance Code and are considerlng h¢N relevant matters can be applied to and implemented by the Charity. PCC of St Andrew, Cou15don . Trustees Report and Financial Accounts 2021 Page14
Financlal Summary 2021 - Summary hlshllghts Total receipts on unrestricted funds were £103,102 {2020: £96,384) of whlch £48,689 (2020: C48,689} was unrestricted planned voluntary donations, with a further £12,266 12020: £11,637) from Gift Aid. Restrlcted grants and donations of £2,12412020: £5001 were received. The freehold house at Rlckman Hill brought in a gr055 income of £17,500 in 2021 (2020.. £16,800). A total of £98,022 (2020.. £120,684) was spent from unrestricted funds to provide the Christian ministry from St. Andrew's Church. Thls Includes our contribution to the dic(esan parish share of £50,112 (2020: £57,600), which largely provide5 the stipends and housing for the clergy. The comblned funds were increased by £42,58212020: decreased £7,725). Summary of the movements of PCC funds are tabulated below: 2021 2020 General Fund 'linve5tnTr.£3S,50Sj Hall Fund Rickman Hill Fund West Window Fund Choir fund Whiskin flower fund Total Movement 34,241 3,345 994 2,655 1.221 125 42,582 3,588 114,9381 625 17,725) Total unrestricted funds excludlng properties were E285,671 in surplu5 at 315t December 2021 [2020". £248,085]. The financial statements have been prepared on the going concern basis a5 in the opinion of the Trustees there are no material uncertainties about the charity's ability to continue. Reserves Pollcy The reserves have increased by £42,582 In 2021 benefltlng from an Increase in value of £35,505 in our investments. PCC wjlicy is to rebuild these as soon as practicable if necessary. Excluding freehold property of £6,1))0 our Total Reserves were £300,541 at 31 December 2021 12020: £257,959). PCC policy 15 to invest Tn ethical investments. Thls now comprlses the CBF Investment fund where all our Investments are now placed. Other funds are held at banks. PCC of St Andrew, Coulsdon - Trustees Report and Financial Accounts 2021 Page15
2021 & The futwe The contlnulrvA ccffimknt, generosity ar Vtary efforts of the chwch community assure5 that the financial future of St Andre•¥s remalns optlmlstlc, yet chaUenge5 do remaln in 2021 to a c(Ynblnatlon of the effects of CIYIID 19. albeit les5 Maed th 2020, and slgnificant unplanned expenditwe our organ. The fltio Investment gain5 thiL5t favwrnlAe for last fe4¥ only be The 5trfk market thymturn in late 2018 resulted in a net1055 of c.£2,YNJ in our Investsnent value in 2018: tK)wever, galns In the last three years, IKludlry £35,505 in 2021, 8ivlng an overrAI galn of c.£88K in this period. This 2021 bty fwecast based on the finanda effects of COVID 19 contiThJiry tlwh the first sts morrttts of 2021: thls knrned tsjt tts be qulte ate. At flrst g&le the £7K galn on Intome eXpaMMre fn 2021 seems ImpressTie; hOWer there a number of one-off bfits. In partlcular the £7.5K reductlon In DIe quots Also. no pLiwl major expenditure took place, costs for the West Window and new ReMeMbrar garden belr8 proftssfonai fees onty A conseNatfve estlffote of a £1(Th call in 1022 fs te Ifkeiy wlthout further spolP for the West winch (currently £9.5K receivedl" thfs Wld reprvnt a 40% ioss of Investment value and £3K p.L loss of dtYk1erMI Income. awJming investment val Is malntalned. Alth(xoh reguL¥ giv5 [rreaSed in Z019 following a 5teward5hlp campalgm there has been contlnued attrltion In d¢)nor numbets- rea115tlcally we need new domrs to at ithist malntaln and Ideally IrKrease current Iwds of regular 8ivirvJ. ConcIlOn rwite the varlous caveats wtllned above. the Parf5h contlwes to have a Iwlthy baiaKe sheet to 51WOrt the fUre. A5 noted in 2019 aThJ 2020 report5, 5kKe re¥ar I1orne sknli strleS to balante regular experses, careful tlwht sl¥)uld to be given before Committing to any siglfICant expense. Once agaln, thanks to ail In the Parfsh for your ge(M gfvlng. wrt arwj flnandal commltrnent durkng 2021. Slgned behalf of the TnEtees on 11" 2022 by: John Linney Hon TFpasurer PCC of St AJKlrew, Ctyjsthn . TnJ5tts Rewt and Flnandai cts 2021 Pag¢16
Independent Examiner's Report to the Trustees of Parochlal Church Council of St Andrev/5 Church, Cou15don Independent examlner's report to the Paro¢hial Church Coundl of St Andrthrf5 Church, Coulsdon I report to the charitytrustees. being the Parochial Church Council. on rny examination of the accounts. Sel out on pages 8 to 16, of the Parochial Church Council of St Andrew'5 Church, Coulsdon (the Trustl for the year ended 31 December 2021. Re5ponsibilltles and basls of rÈport As thè charitytruslee5 of theTrust you are responsible forthe preparation of the accounts in accordance with the requirements of the Charlties Art 20111.the Act'l. I report In respert of my examination of the Trust's accounts carried out under section 145 of the Act nd in carrying out my examination I have followed all applicable Dirertions given by the Charity Commission under section 14515llbl of the Act. Independent examinerfs Statement I have completed my examination. I confirm that no material matter5 have corne to rny attention in connection with the examination 8iving me cause to believe that in any material respect.. accounting records were not kept in respect of the Trust as required by Section 130 of the Act: or the accounts do not accord with thosè records- or the accounts do not comply with the appllcable requirements ¢on¢erning the form and content of accounts sei 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 confirm that there are no other matters to whlch your attentlon should be drawn to enable a proper undeistandin8 of the accounts to be reached. Tlmothy 51ater ACA, CTA Harmer Slater Limited Salatin House, 19 Cedar Road, Sutton, Surrey, SM25DA Date.. 11 April 2022 Page 7
St ANDREWS CHURCH. COULSDON FINANCL4L STATEMEKfs OF THE PAROCHL4L CHURCH COUNCIL OF THE ECCLESLAsficAL PARISH OF COULSDON. ST ANDREW FOR THE YEAR ENDING 31 DECEMBER2021 Staternont of Flnan¢lal Advltl¢s For the year endSn9 31 D8comb8r 2021 For Ihe year from 01 January 2021 to 31 Decembar 2021 NOTE fvnd• fufftds totslfvthjs Incomln9 r8sowces Inr<rn2frcrfn donrK5. Investments and PCC 66.538 1.12T 219 64.320 6.170 23.746 Inc<rfnefrn PCC ac11vS In¥e5teT InEDming wJurcesfrom tharitat4ea&J¥lbes 11.291 24.674 2.135 24.674 2.135 Totsl Income 103.102 2,655 1Q7.11M Resourres us¢d Costof y8nerabng fu5 C051ofgemrdtin9 volunbrylrKome Ij1 cost of good5 scld ottrrcoJts 475 Grdn AciF¥llies directtyreL4tiw to of the Chjrch Chwch marogpnwl and athnlnL8tyation 92.716 1.647 92.716 3.6 112.3 4.257 2.005 Total exp¢ndlture 2,005 100,027 120,684 Net incomA I lupondbturo) rosources before tran8ter 2,655 7,076 123.6T51 Gross trAnsf¢ts betw fund$- In Gr05s transfois fund9-OUt 3,0 19 119] 3,038 [3.0381 9,0 1g.WOI [3.0191 OllrthTrecOgnisga1sIlOssOs Golns I hmes on irNeslment os8etS Gajns on rev*uatson. re assef5. charfV5 Lwn use .505 15.949 N•t rnovqmpnt In fund$ 37,58S 41581 ri.725J Reconciliaritin of furtds Total fund& broughtlonyord 3.OCrfI 174 8,959 86&685 Total funds carrfed foThvard 06&670 5.340 9L¥X511 857.959 PCC of St Andrew, Coulsdon. Trustees Report and Flnan¢lal Accounts 2021 Paoo 8
SL Andrrfs Church. Coulsdon Balanc• sh••t Isumrnaryl As at: 31 D8cèmb•r 2021 As at 31nW2021 As at 3111212020 NOTE Flxed a5sgts Tangibla assfjts Investmerts 600.000 600,000 246,926 Cuttènt a8•1 Debt¢f8 Cash atbank and in hd 1,900 17.414 1,400 16.647 Uabllluès Crethtors.. Anw)ts fdirg duB in year N•1 curr•nt a88•ts 1•& eurrent Il•bllltl•s 1.205 7.014 11 Totsl awts less current liabllld•• Total •B8•t81•ss 11•tslkn• Unrnslrfctgd Unostrf¢tsd- General UnTestrictsd- Chur¢h H811 Fund UntriCl- Missionary Fund (Pctrs ¢ontrfPNJtlon to MlssbDnl Unrostii¢tod- Building Fund (to cover major w)rksl Unrestrfce4J. Propwty Rev¥1 RgsaNtr& RJ¢km•n & Chwc DeBtgn•t•d Dg$19natsd- Chlir in Mem. Mollle C De8ignatfjd- cknn Hill Fund Dg$kJnai•d- lJVHIS1NFLOwERFUNo 277887 13,53 243,826 16,8811 11,340 600,000 11.340 eoo,000 1.221 3.594 125 3,000 Rtr Regtrfcted- M•asy Church R95tsicted- RIckM Hlll Fund exp8 Restiicted- West Win¢kn¥ reaCeM&nI Rastslcted. Ofgan Fund {rBpair & rafithJi8hmenloforganl Re5tiicted- Youth Gwyjp Fund 9,530 8.875 Endowmont Endowment- Churth Hall Improvèmant FLmd En¢J•1t- Propw Revduation R8s8m- Church Hall ApFxo¥8d by P8rochlal Churth Cnl on 11th Awl 2022 and $igned on Its behaw by.. Rev. E F068, chai PCC ofStkndr•w. Coul¥ikn.TMt••s R•r)rtnd FIMnÈlai Aceourts 2021
NOTES TO THE FINANCIAL sfATEMEPtrs For the ye¥r endir¥ 31 December 2021 Note l- Account1 polici Incomlng Resources Basis of preparln8 the financial staternents Voluntary inwme and opitsl re50ur¢e5 Collertions are recognised when receive(I by or on behalf of the PCC. The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 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 the Republic of Ireland IFRS 1021 leffective l January 20161. Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland, and the Charities Act 2011. The financial statements have en prepared under the historical cost convention, as modified by the revaluation of certain assets. Planned giving receivable under Gift Aid is recognised only when received. Tax recoverable on Gift Aid donations is recognised when the donatlon to which they relate is received. Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement. the amount due is quantifiable and its receipt by the PCC is reasonably certain. Funds raised by the Summer Fair, Christmas Market and similar events are accounted for gross. Sales of books and magazines from the Church bookstall are accounted for gross. The financial statements include all transattions, assets and liabilities for which the tnjstees can be held responsible in law. These do not include the ftnantial statements of the church groups that owe affiliation to another body nor those that are informal gatherings of church rnember5. Other in¢ome Rental income from the letting of church premises is recognised when the rental is due. Income from Investments Dividends are accounted for when due and payable. and interest entitlements are accounted for as they accrue. Tax recoverable on such income 15 cOgnised in the same accounting year. Funds General funds represent the funds of the PCC that are not subject to any restrirtions regarding their use and are available for application on the general purposes by the PCC. Funds designated for a purpose by the PCC are a150 unrestricted. Gains and lasses on investments Realised gains are retognised when investments are sold. Unrealised gains or losses are accounted for on revaluation of investments at 31 December 2021. Restricted funds are those funds that must be spent on restricted purposes and details of the funds held and restriLtions are provided in Note 11. Endowment funds, where the capitsl must be retalned, are explained in Note 11. PCC of St Andrew, Coulsdon- Trustees Report and Financial Accounts 2021 Page 10
Fln)ncial Instruments For inalienable property acquire(I prior to 2001 there is insufficient cost information and therefore such assets are not valued in the financial statements. Items acquired since January 2001 have been capitalised and depreciated in the financial statements over their currently anticipated useful economic life on a straight-line basis. The Church only has financial assets and liabilities of a kind that qualify as basic financial Instruments. Basic financial instruments are initially recognised at transattion value and subsequently measured at their settlement value. Currency Propertyfor Church use The Church's functional and presentational currenry is pounds Sterling IGBPI. The Hall and turate's house Iso long as required for a curate by the PCCI is valued at original valuation when first brought into the accounts. Resources used Grants All expenditure inCUrd during the year on consecrated or beneficed buildings, individual Items under £1,000 or on the repair of movable church furnishings acquired before l January 2CXJI is written off. Grants and donations are accounted for when paid over, or when awarded, if that creates a binding obligation on the PCC. Artlvltles dlrectly relatingto the work of the Church Other fixtures, ffttings and office equipment The diocesan parish share is accounted for when due. Any parish share unpaid at 31 December 2021 is provided for in these financial statements as an operational Ithough not a legall liability and is shown as a creditor in the Bolance sheet. Equipment Used within church premise5 15 depreciated on a straight-line basis over 3 or 5 years. Individual items of equipment with a purchase price of £1,000 or less may be written off when the asset is acquired. Investments Fixed Assets Investments a valued at market value as at 31 December 2021. Consecrated property and movable church furnishings Current assets Consecrated and beneficed property of any kind Is excluded from the accounts by the Charitie5 Art 2011. Amounts owing to the PCC at 31 December 2021 in respect of fees. rents or other income are shown as debtors less provislon for amounts that may prove uncollectable. Movable church fvrni5hings held by the vicar and Churchwardens on special trust for the PCC, and which require a faculty for disposal, are accounted for as inalienable property unless onsetrated. They are listed in the church's inventory, which can be inspected lat any reasonable timel. Short-term deposits include cash held on deposit either with the Central Board of Finance Church of England Funds or at the bank. PCC of St An(Irew. Coulsdon- Trustees Report and Financial Accounts 2021 Page 11
St. Andrew's Church, Coulsdon
Analysis of income and expenditure Selected period: 01 January 2021 to 31 December 2021
| Total | ||||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Designated | Restricted | Endowment | This year | Last | year | ||
| Note 2 | ||||||||
| Incoming resources | ||||||||
| Income from donors, investments and PCC activities | ||||||||
| 0101 - Gift Aid - Bank | 45,222 | — | — | — | 45,222 | 48,247 | ||
| 0110 - Gift Aid - Envelopes | 1,715 | — | — | — | 1,715 | 620 | ||
| 0201 - Other planned giving (non GA) | 1,752 | — | — | — | 1,752 | 1,093 | ||
| 0301 - Loose plate collections | 1,663 | — | — | — | 1,663 | 958 | ||
| 0501 - One-off Gift Aid gifts | 259 | — | — | — | 259 | 710 | ||
| 0550 - Donations and appeals etc | 2,105 | 1,127 | 2,124 | — | 5,356 | 819 | ||
| 0601 - Tax recoverable on Gift Aid | 12,266 | — | 531 | — | 12,797 | 11,762 | ||
| 0701 - Legacies | 1,454 | — | — | — | 1,454 | — | ||
| 0901 - Sundry donations | 100 | — | — | — | 100 | 110 | ||
| 1240 - Church hall lettings - fund raising | 8,447 | — | — | — | 8,447 | 4,775 | ||
| 1301 - Fund raising events | 2,624 | 219 | — | — | 2,844 | 1,394 | ||
| 1001 - Dividends | 7,173 | — | — | — | 7,173 | 6,930 | ||
| 1020 - Bank and building society | — | — | — | — | — | 15 | ||
| interest | ||||||||
| 1030 - Rent (23 Rickman Hill) | 17,500 | — | — | — | 17,500 | 16,800 | ||
| Income from donors, | 102,285 | 1,346 | 2,655 | — | 106,286 | 94,236 | ||
| investments and PCC activities | ||||||||
| Totals | ||||||||
| Incoming resources from charitable activities | ||||||||
| 1101 - Fees - weddings/funerals (gross) | 1,950 | — | — | — | 1,950 | 1,243 | ||
| 1270 - Coffee sales | 185 | — | — | — | 185 | 105 | ||
| Incoming resources from | 2,135 | — | — | — | 2,135 | 1,348 | ||
| charitable activities Totals | ||||||||
| Other incoming resources | ||||||||
| 1310 - Insurance claims | — | — | — | — | — | 500 | ||
| 1330 - Other sundry income | [1,318] | — | — | — | [1,318] | 925 | ||
| Other incoming resources Totals | [1,318] | — | — | — | [1,318] | 1,425 | ||
| Agency Collections | ||||||||
| Incoming resources Grand | 103,102 | 1,346 | 2,655 | — | 107,104 | 97,009 | ||
| totals |
PCC of St Andrew, Coulsdon - Trustees Report and Financial Accounts 2021
Page 12
St. Andrew's Church, Coulsdon
Analysis of income and expenditure Selected period: 01 January 2021 to 31 December 2021
----- Start of picture text -----
Total
Unrestricted Designated Restricted Endowment This year Last year
Note 3
Resources used
Cost of generating funds
2201 - Mission expenses 358 — — — 358 475
1720 - Stewardship campaign expenses — — — — — 168
1730 - Fund raising expenses 608 — — — 608 460
Cost of generating funds Totals 967 — — — 967 1,103
Grants
1830 - Giving to overseas missions 1,200 — — — 1,200 1,200
1850 - Giving to home missions 1,490 — — — 1,490 1,590
Grants Totals 2,690 — — — 2,690 2,790
Activities directly relating to the work of the Church
1851 - Messy Church 17 — — — 17 44
1910 - Diocesan Pledge [prev. Quota] 50,112 — — — 50,112 57,600
2001 - Assistant staff expenses — — — — — 123
2050 - Salaries 4,482 — — — 4,482 4,395
2101 - Incumbents expenses 460 — — — 460 616
2160 - Parish training and resources — — — — — 25
2180 - Outreach expenses 215 — — — 215 3,809
2330 - Church maintenance 10,387 — — — 10,387 6,654
2340 - Upkeep of services & organ 14,318 — — — 14,318 6,797
2350 - Upkeep of churchyard 1,552 — — — 1,552 612
2360 - Sundry expenses 299 — — — 299 1,328
2370 - Professional Fees etc. 2,514 — — — 2,514 1,322
2400 - Expenses of weddings & 1,001 — — — 1,001 301
funerals
2410 - Church running costs 70 — — — 70 96
2430 - Church running - insurance 3,720 — — — 3,720 3,704
2440 - Church running heat and light 1,775 — — — 1,775 1,906
2520 - Hall misc running costs 30 — — — 30 —
2550 - Hall running - insurance 1,594 — — — 1,594 1,584
2561 - Hall Cost -Misc 586 — — — 586 —
2590 - Hall running - heating & lighting 2,889 — — — 2,889 3,154
2710 - Church major repairs - — — — — — 3,479
installation
2820 - Hall + major repairs - installation [3,312] — — — [3,312] 14,975
Activities directly relating to the 92,716 — — — 92,716 112,533
work of the Church Totals
Church management and administration
2130 - 23 Rickman Hill expenses — 2,005 — — 2,005 2,378
2145 - Sundry administrative expenses 40 — — — 40 164
2310 - Stationery postage telephone 1,607 — — — 1,607 1,714
Church management and 1,647 2,005 — — 3,653 4,257
administration Totals
Resources used Grand totals 98,022 2,005 — — 100,027 120,684
There may be minor discrepancies in the totals if the pence are not being shown
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Page 13
PCC of St Andrew, Coulsdon - Trustees Report and Financial Accounts 2021
140TESTOTHE FIM4NaALSTATEMEfiT5 1¢onny¢) 4 INVESThIENTS Quoted Investments M8rkel value at 1 January 2021 Assets liquidisgd Gains realiwd In 2021 Revaluation galnslDossesl Market Valua at 31 D8cemb8r2021 2021 2020 35,50S 282,432 15,949 246,926 Th85• nStm&n 8r8 h8ldby Dft)c¥s8n Trusts8$ beh8ifoftts PCC.. lh8 PCC fthwsan ethi¢8finveslmentmli¢y. 5 FIXED ASSETS HELD FOR THE PCC'S OWN USE Freehold Land & 8ulldlngs At Valuatk>n Equlpment At Cost Total Cost or valuatlon at 1 January 2021 Additions Disposals al 31 December 2021 at 1 January 2021 Charge for the year Disposa18 at 31 De¢emter 2021 at 1 January 2021 8t 31 December 2021 600,000 4.157 604,157 600,000 4,157 4,157 604,157 4,157 D•pr•ci3tion 4,157 4.157 600.000 Net book value 600,000 FreehOIdL8& Bullthgs st Andrews Church hall. yU8110 ufllls8dls th8 re4nstatem&nt ctsst 8s recommended by the PCC'S Insur8rw Comp8ny1£500,000). 23 fftckman Hlll. Estsm8teil value in use in 19PStty Ihe PCG (£9,(0). operty was purch8s&d foruse by thg Cure el StAnthw$. T1 is ¢on&derably urJderyueLI. b) 6 DEBTORS 2021 2020 Tax recoverable on Gift Olhers 500 1,400 1,400 7 CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR Accruals 2021 2020 1.205 7.014 B STAFF COSTS 2021 2020 Salarfes 4,482 4.482 4,395 4.395 DuriThJ Ihe y88r lh8 PCC nPloya0 1 person P020..11. did rK)t earn £60.000 pa or more. 9 TRANSACTIONS WITH PCC MEMBERS Thwe we no dis(losable Iransa¢tion5 In r8sp8Ct of PCC Mamr5(Trt885l. p8rson8 dos81y connected 1h th orother r8lat8d parties except for one person who ¥5 employed to administw the Church office at £4,482. There no wision or other benefits. Apart from thi5 no trustee reimbursed any personal 8%98 ifKL¥rad by them for 58rvlces ¥Ied on behalf of the Cmrth. One trusl8e donated £124 to a Restricted lund12020 £51. The tot81 amount of donalons received by the thurch from the Tru5tee5 during lh8 period wa5 £12.34812020- £16.579]. 10 PROFESSIONAL FEES 2021 2020 lThJ8pèndent examination f88 834 834 PCC of St Andrew. Coulsdon- Trust Rowl and Flnan¢lal A¢¢ounts 2021 Page 14
NOTES TO THE FINANCIAL STATEMENTS (continued)
| 11 FUND DETAILS & MOVEMENTS 2021 a) Unrestricted funds £ i) General Reserve Balance 1/1/21 243,626 Add incoming resources 103,102 Deduct outgoing resources [98,022] Gains/Losses on investments 35,505 Transfer to Hall Fund [3,345] Transfer to Rickman Hill Fund [3,000] Balance at 31/12/21 277,867 ii) Church Hall Fund (to cover repairs/renewals for the Church Hall) Balance 1/1/21 [6,881] Net transfer (to)/from General Reserve 3,345 Balance at 31/12/21 [3,536] iii) Building Fund (to cover major works to Church buildings) Balance 1/1/21 11,340 Balance 31/12/21 11,340 iv) Property Revaluation Reserve - 23 Rickman Hill and Church hall Balance 1/1/21 600,000 Balance 31/12/21 600,000 Total Unrestricted Funds 885,671 b) Restricted Funds ii) West Window Fund 2019 Balance 1/1/21 6,875 Donations 2,655 Balance 31/12/21 9,530 Total Restricted Funds 9,530 c) Designated Funds i) Rickman Hill fund Balance 1/1/21 3,000 Expenditure [2,006] Transfer from General Reserve 3,000 Balance 31/12/21 3,994 ii) Choir fund Balance 1/1/21 - Donation 1,002 Income 219 Balance 31/12/21 1,221 iii) Whiskin Flower Fund Balance 1/1/21 - Donation 125 Balance 31/12/21 125 Total Designated Funds 5,340 TOTAL FUNDS 900,541 |
2021 £ 243,626 103,102 [98,022] 35,505 [3,345] [3,000] |
2020 £ 240,038 96,384 [120,684] 15,949 14,938 [3,000] |
|---|---|---|
| 243,626 | ||
| [6,881] 3,345 |
8,057 [14,938] |
|
| [6,881] | ||
| 11,340 | ||
| 11,340 | ||
| 600,000 | ||
| 600,000 | ||
| 848,085 | ||
| 2019 6,875 2,655 9,530 9,530 3,000 [2,006] 3,000 3,994 - 1,002 219 1,221 - 125 125 5,340 900,541 |
||
| 6,250 625 |
||
| 6,875 | ||
| 6,875 | ||
| 3,000 - 3,000 |
||
| 3,000 | ||
| - - - |
||
| - | ||
| - - |
||
| - | ||
| 3,000 | ||
| 857,959 |
PCC of St Andrew, Coulsdon - Trustees Report and Financial Accounts 2021
Page 15
NOTES TO THE FINANCIAL STATEMENTS (continued)
12 BUILDING FUND
The Building Fund is an unrestricted fund of the PCC holding funds set aside for future maintenance of the church building. The last Quinquennial Inspection was undertaken in May 2018 A programme of work is being undertaken as a result of the inspection.
13 ANALYSIS OF NET ASSETS BY FUND
| 13 | ANALYSIS OF NET ASSETS BY FUND | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted **Designated ** |
Restricted | Total | |||||
| Funds Fund |
Funds | ||||||
| £ | £ | £ | |||||
| Fixed assets | 882,432 | 0 | 0 | 882,432 | |||
| Current assets | 4,444 | 5,340 | 9,530 | 19,314 | |||
| 886,876 | 5,340 | 9,530 | 901,746 | ||||
| Current liabilities | [1,205] | 0 | 0 | [1,205] | |||
| Fund balances | 885,671 | 5,340 | 9,530 | 900,541 | |||
| 14 | APPEALS & GRANTS | Appeals | Total | Total | |||
| and | Donations | 2021 | 2020 | ||||
| (Authorised by PCC) | (Not Authorised by | PCC) | |||||
| Grants | £ | £ | £ | £ | |||
| Overseas [Total 1,200] |
|||||||
| Barnabas fund | 250 | - | 250 | - | |||
| Five Talents UK | 250 | - | 250 | - | |||
| Medicine Sans Frontieres | 200 | - | 200 | 200 | |||
| Smile (Transforms a life) | 100 | - | 100 | 100 | |||
| Tear Fund (Against Poverty) | 200 | - | 200 | 100 | |||
| USPG (Mission) | 100 | - | 100 | 100 | |||
| Zimbabwe (Southwark Diocese Link) | 100 | - | 100 | 200 | |||
| At Home [Total 1,490] |
|||||||
| CDI -Croydon Drop In for young people | 100 | - | 100 | - | |||
| Church Army | 150 | - | 150 | 150 | |||
| Domestic Violence Bromley and Croydon Women’s Aid | 100 | - | 100 | 100 | |||
| Jigsaw 4U | 100 | - | 100 | - | |||
| Night Watch | 150 | - | 150 | 200 | |||
| Orpheus Centre | 100 | - | 100 | 200 | |||
| Refugee Centre | 250 | - | 250 | 250 | |||
| Renew Wellbeing | 100 | - | 100 | - | |||
| Samaritans of Croydon | 100 | - | 100 | 100 | |||
| Sutton and Croydon M.S Therapy Centre | 90 | - | 90 | 90 | |||
| Welcare | 250 | - | 250 | 100 | |||
| The Children's Society | - | - | - | 400 | |||
| Christian Aid | - | - | - | 500 | |||
| British Legion | - | 92 | 92 | - | |||
| Crib Services | - | 988 | 988 | - | |||
| Carol Service Emerald Court | - | 80 | 80 | - | |||
| Messy church | - | 115 | 115 | - | |||
| Bishops Lent Appeal | - | 73 | 73 | - | |||
| Pam GB Funeral | - | 59 | 59 | - | |||
| Pet Service | - | 119 | 119 | - | |||
| Net figures | 2,690 | 1,526 | 4,216 | 2,790 | |||
| Funded by | |||||||
| Special Collections | 1,526 | 1,526 | 0 | ||||
| Missionary Grants | 2,690 | 2,690 | 2,790 | ||||
| 2,690 | 1,526 | 4,216 | 2,790 |
15 CAPITAL COMMITMENTS
There were no capital commitments at 31st December 2021 (2020: nil).
PCC of St Andrew, Coulsdon - Trustees Report and Financial Accounts 2021
Page 16
NOTE 16 Staternent of Financial Activities [comparative] For the year ending 31 Decembèr 2020 St. Andrevls Church, Coulsdon Statoment of Financial Activities For the period from 01 January 2020 to 31 D•c•mbor 2020 Unrestri¢ted fvnds Deslgnat8d R8strlGt8d nds fund5 Total fund$ . rostated Incoming lSOllfCOS Inc from doncrfs. inve5trnents and PCC ae5 Conated income Income froffj PCC a¢bvltie$ IeStrent incotne Incomin9 resour¢es fvom charIts8 athti88 oth8rln(x)mkng reumS Youlh Group Agency coll8ckn 63,695 6,1TO 23.746 64,320 6,170 23,746 1,425 1,426 Total Incom• 96,384 625 97.009 Cost of gengraling fvrKI$ Cost of generati voluntary in¢£¥r& Fundralslng tradhg costofgoods sok1 and other costs Grants Actwbles direcuy relating to the work of Church Chur0 management and atlminis¢t811Dn 475 475 168 460 2.79) 112,5&3 4.257 2,790 112,533 4257 Total expenditure 120.684 120.684 Net ineome I l¢yp•nditLThI r•s¢)ur¢•$ Wor• tran$f•r [24.300] 625 123.675] Gros5 trdnsfEr5 befvfftnfund$- in Gross tr8nsfers betbV88n fvnds- out 3.OCM) t6.0(KJl 3,000 3.lYJO 13.(M)OJ 9.LXJO Otherretognisedgalns Ilosses Gain5 1 losse5 on investrnènt assèts Gains on revaluabon, fix¢d assets, ch8rfty* own use 15.949 15,949 Ne¢ mov•m•rf In lunds 111,3501 3.000 625 tT,7251 ROn¢11{st1On offunds Tolal furKI8 brought forward 859.435 $.249 841,940 Totsl funds carrd forward 848.085 3.0) 6.874 857.959 PCC of St Andrgw. Coulsdon - Trust•os Roport and Flnancial (AcCoUnts 2021 P•#• 17