2021-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of St Paul, Bedford

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		Page
Independent Examiner's	Report
Statement of Financial	Activities
Balance Sheet
Notes to Financial Statements		5-12

Statement of Financial Ac Year ended 31"December	tivities 2021
				Unrestricted
				Funds
		Note	Unrestricted Funds General Fund f	Designated Fund Tangible Fixed Assets f		Restricted Funds f	Endowment Funds f	Total Funds 2021 f	Total Funds 2020 f
Income and Endowments	from:
Voluntary Income			160,771			38,218		198,989	162,783
Activities for generating	Funds	3	14,434					14.434	8,181
Church Activities			5,002			239		5,241	7,403
Investment Income			12				57	69	134
Total			180,219			38,457	57	218,733	178,501
Expenditure on:
Church Activities		6	174,800		28,250	20,496		223,546	217,800
			174,800		28,250	20,496		223,546	217,800
Net Gain/(Loss) on Investments							285	285	127
Net Income/(Expenditure)			5,419		(28,250)	17,961	342	(4,528)	(39,172)
Transfers between Funds
Net movsmsnt in Funds			5,419		(28,250)	17,961	342	(4,528)	(39.172)
Reconclgatlon of Funds
Funds brought forward			10,433		395,500	36,258	2,950	445,141	484,313
Funds carried forward at 31"December 2021			15,852		367,250	54,219	3,292	440,613	445,141

Balance Sheet
31"December	2021
		Notes	2021 6		2020 5	5
Fixed Assets
Tangible		13		367,250		395,500
Investments		14		2,248		1,963
Current Assets				369,498		397,463
Debtors		15	8,462		27,972
Cash at Bank and in Hand		16	69,066		32,370
			77,528		60,342
Current Liabilities
Creditors and Accrued Charges		17	6,413		12,664
			6,413		12,664
Net Current Assets				71,115		47,678
Net Assets				440,613		445,141
Reserves
Endowment	Funds	19		3,292		2,950
Restricted	Funds	20		54,219		36,258
Unrestricted General Tangible	Funds Fund Fixed Assets Fund	21	15,852 ~367 250	383,102	10,433 ~395 500	405,933
				440,613		445,141

					Unrestricted
					Funds
				Unrestricted Funds	Designated Fund			Total		Total
				General	Tangible	Restricted	Endowment	Funds		Funds
				Fund Note f	Fixed Assets	Funds f	Funds f	2021 f		2020 f
2	Donations	and Legacies
	Congregation Giving
	Standing	Orders		51,565					51,565		46,779
	Weekly	Envelopes		3,079					3,079		13,116
	Other Gift	Aided Donations		22,189					22,189		22,008
	Total Gift Aided Giving			76,833					76,833		81,903
	Other Cash Collections			1,919					1,919		6,161
	Donations	via CAF		3,475					3,475		1,815
	Donations	Organ Recitals		772					772		474
				82,999					82,999		90,353
	Other Donations			4,272					4,272		331
	Donations	for Outward	Giving			1,510			1,510		886
	Gift Aid receivable			22,103		322			22,425		12,610
	Donations	via Pyramid		3,260					3,260		1,638
	Community	Giving
	Friends	ofSt Paul's		28,615					28,615		5,764
	Dorothy	Porter Trust		11,191					11,191		26,430
	Pastoral	Assistant Fund				14,000			14,000		5,000
	Other Trusts and Grants			4,274					4,274		4,289
	Govt Job	Retention Scheme		931					931		7,528
	Other Govt Covid Funding										7,800
	Donations	to Restricted	Funds			22,386			22,386
	VAT Recoveries			3,126					3,126		155
				160,771		38,218			198,989	162,784
3	Charitable	Activities
	May Market
	Autumn Market
	Hiring Charges			6,448					6,448		3,250
	Christmas	Tree Festival		6,550					6,550		2,400
	Christmas	Charities Market
	Antique Fairs			1,436					1,436		1,750
	Other Fundraising Events										780
				14,434					14,434		8,180

Yea	r ended 31"December 2021
					Unrestricted
					Funds
			Unrestrlctod		Designated
			Funds		Fund								Total	Total
			General		Tangible			Restricted			Endowment		Funds	Funds
		Note	Fund f		Fixed f	Assets		Funds 6			Funds 8		2021 f	2020 f
4	Church Activities
	Lunchtime Concerts			1,847									1,847	2,544
	Sales Income:
	Votive Candles			465									465	437
	"Spire" Magazine Guide Books			890									890	886 36
	Cards etc			141									141	212
	Catering Income: Saturday Teas Sunday Coffe Tuesday Lunches General Parish Catering Saturday Coffee (Outreach)			1,585 74						239			1,585 74 239	626 135 589 93 578
	Miscellaneous Income
	Insurance Claims													1,267
				5,002						239			5,241	7,403
5	Investment Income											57	69	134
6	Church Activities Costs
	Salaries and Fess			29,108					14,000				43.108	43,862
	Office Costs			35,389		28,250				273			63,912	63,094
	Other Costs			64,441						2,958			67,399	66,064
	Independent Examiner's Fee Special Pro)acts	10		1,500 44,362						3,265			1,500 47,627	1,500 42,239
	Outreach	11												1,041
			174,800			28,250			20,496				223,546	217,800
7	Salaries and Fees
	Wages, salaries and fees Pension Contributions			28,377 731					14,000				42,377 731	42,901 961
				29,108					14,000				43,108	43,862
											2021		2020
	Ths average number ofStaff employed		by the	Parochial	Church		Council		during	the
	financial year was: Total										No 4		No 5
	Remuneration ofOfficial

Yea	r ended 31"December 2021
				Unrestricted
				Funds
			Unrestricted	Designated
			Funds	Fund				Total	Total
			General	Tangible		Restricted	Endowment	Funds	Funds
			Fund f	Fixed	Assets	Funds	Funds f	2021 f	2020
	Office Costs
	Gas, Electricity and Water Insurance		8,052 6,445					8,052 6,445	8,606 5,828
	Janitorial Materials		614					614	1,573
	Ofgce Expenditure Bank Service Charges General Repairs Computer Costs Alarm System Costs Depreciation ofTangible Assets Advertising and Promotional Costs Telephone Clergy Expenses Accountancy Fees		4,047 466 3,570 1,387 2,908 220 326 3,433 3,013		28,250	189 84		4,047 655 3,654 1,387 2,908 28,250 220 326 3,433 3,013	3,766 657 966 2,227 2,637 28,250 258 895 3,205 2,724
	Professional Fees
	Fundralslng Costs Broadband and Hosting		248 660					248 660	426 1,076
			35,389	28,250.00		273		63,912	63,094
	Other Expenditure
	Education Costs		736					736	435
	Miscellaneous Costs		173					173	515
	Music Costs		618					618	460
	Organ and Piano Tuning Diocesan Parish Share		1,176 56,447					1,176 56,447	941 59,093
	Diocesan Fees for Services		1,378					1,378	1,117
	Sacristy Costs Catering Costs Antique Fair Costs Licensing Costs Donations		1,288 606 903 1,116			2,208		1,288 606 903 3,324	1,607 537 449 655 255
	Cost of Items Sold
	Homeless Support Scheme					750		750
	Vouchers
			64,441			2,958		67,399	66,064
10	Special Projects
	Roof repair		5,040					5,040
	New Vestments		1,066			3,265		4,331
	Organ Blower Move Regimental Colours Bracket	Repair	4,448 542					4,448 542
	Work In Vicarage Garden		2,706					2,706
	Lighting Improvements		16,074					16,074
	Computer and Wi-fi Improvements		3,055					3,055
	Architect's fees for Projects		11,431					11,431
			44,362			3,265		47,627	42,239

			Unrestricted
			Funds
		Unrestricted	Designated
		Funds	Fund			Total	Total
		General	Tangible	Restricted	Endowment	Funds	Funds
		Fund f	Fixed Assets 6	Funds f	Funds f	2021 f	2020 6
11	Outreach Donations
	1 Collections taken at Tuesday
	Concerts
	2 Retiring Collections for specific
	purposern Lent Services —Bunyan Meeting						70
	The Bishop's Harvest Appeal						256
							326
	3 Funds raised by the Outreach
	Committee
	Memo —Pastoral Work within the
	Parish
	Christian Aid DEC Appeal College ofthe Transfiguration Swaziland Schools Project						200 216 300
							T15
	Total distributed during ths Year						1,041

Comparatlves for the Sta	tement of Fi	nancial Activities
			Unrestricted
		Unrestricted	Funds
		Funds	Designated			Total
		General	Fund	Restricted	Endowment	Funds
		Fund	Legacy Fund 6	Funds f	Funds f	2020 f
Income and Endowments	from:
Voluntary Income		153,686		9,097		162,783
Activities for Generating	Funds	8,181				8,181
Church Activities		6,825		578		7,403
Investment Income		79			55	134
Total		168,771		9,675	55	178,501
Expenditure on:
Church Activities		164,980	28,250	24,570		217,800
		164,980	28,250	24,570		217,800
Net Gain/(Loss) on Investments					127	127
Net Income/(Expenditure)		3,791	(28,250)	(14,895)	182	(39,172)
Transfer between Funds
Net movsmsnt In Funds		3,791	(28,250)	(14,895)	182	(39,172)
Reconciliation of Funds
Funds brought forward		6,642	423,750	51,153	2,768	484,313
Funds carried forward		10,433	395,500	36,258	2,950	445,141

13	Tangible F	d Asset	s
					Movable
					Church
					Furnishings		Total
					f		f
	Cost or Valuation			At 1"January 2021 and 31"December 2021		565,000		565,000
	Depreciation			At 1"January 2021		169,500		169,500
				Charge for the Year		28,250		28,250
				At 31"December 2021		197,750		197,750
	Net BookValue			At 31"December 2021		367,250		367,250
				At31"December 2020		395,500		395,500
	The movable church transitional provisions,		furnishings are shown at cost (f565,000) which is the under which the valuation as at 1"January 2015 is applied		deemed cost under to assets extant at		SORP(FRS102) that date.
					Total	Funds	Tofal	Funds
					2021		2020
					f
14	Investments
	Endowment	Fund
	Investment	at Fair	Value			2,248		1,963

	Investments consist offunds Invested Fund. The holding at 31"December	Investments consist offunds Invested Fund. The holding at 31"December	Investments consist offunds Invested Fund. The holding at 31"December
15	Debtors
	Debtors			6,527	2T,T52
	Gift Aid recoverable			1,935	220
				8,462	2T,9T2
16	Deposits, Bank and	Cash Balances
	CBFDeposit Fund			33,618	18,607
	Bank Accounts
	Current Account			29,173	12,602
	Outreach Committee		Account	4,514	1,161
	Bells Appeal Account			1,761
	Cash in Hand
				69,066	32,370
17	Creditors: (falling due		within one year)
	General Creditors	and Accruals		6413	12664

										Movement	Movement	In Resources	In Resources
					Balance 1"January E		Incoming f		Outgoing f			Transfers f	Change during Year E		Balance 31"December E
18	Endowment Funds
	Chancel Fund
	Original Endowment					100										100
	Unrealised Capital		Gain			1,863		285						285		2,148
	Accumulated Income					987		57						57		1,044
						2,950		342						342		3,292
19	Restricted Funds
	Bell Ringers Fund					1,632					84			(84)		1,548
	Building Repairs Fund					3,071										3,071
	Choir Robes Fund					187										187
	Choral Scholarship		Fund			10,433										10,433
	Clergy Robes Fund					3,265					3,265			(3,265)
	Clock Fund					2,896										2,896
	Education Fund					86										86
	Fabric Projects Fund					659										659
	Fellowship Lunches		Fund			960										960
	Flower Fund					229										229
	Homeless Support	Fund						3,820			750			3,070		3,070
	Music Fund					3,370		1,000						1,000		4,370
	New Chairs					148										148
	Organ Scholar Fund					2,527										2,527
	Pastoral AssistsntNergsr			Fund				14,000			14,000
	Peter and Paul Statues			Fund		875										875
	Servers Robes Fund					2,090										2,090
	Special Mission Fund							4,000						4,000		4,000
	Staging Fund					2,670										2,670
	Tower Appeal							13,888						13,888		13,888
	Outreach Fund - restricted
	element					1 160		1,749			2,397			648		512
						36,258		38,457		20 496				17S61		54 219
	Unrestricted Funds
20	General Fund					10,433		180,219		174,800				5,419		15,852
	Designated Fund —Tangible
	Fixed Assets					395,500				28,250.00			(28,250.00)			367,250
						405,933		180,219		203,050			(22,831)			383,102
						445,141		219,018		223,546				(4,528)		440,613
21	Summary ofAssets	by		Fund
								Unrestricted
								Funds
								Designated
					Unrestricted			Fund
					Funds			Tangible			Restricted		Endowment		Total	Funds
					General Fund f			Fixed f	Assets		Funds f		Funds E		2021 f
	Tangible Fixed Assets								367,250							367,250
	Investment Fixed Assets													2,248		2,248
	Current Assets					22,265						54,219		1,044		77,528
	Liabilities					(6,413)										(6,413)
						15,852			367,250			54,219		3,292		440,613