## |INDEX||| |---|---|---| |||PAGES| |ANNUAL
REPORT||1-3| |INDEPENDENT
EXAMINER'S|REPORT|| |STATEMENT OF FINANCIAL|ACTIVITIES|| |BALANCE SHEET||| |NOTES TO THE FINANCIAL|STATEMENTS|7 —14| ## ## |ANNUAL
RE
Year ended|ANNUAL
RE
Year ended|PORT
31December 2021|PORT
31December 2021||| |---|---|---|---|---|---| |PCC members||who have served from 1January 2021 until the||date this report was approved|are:| |Incumbent:|||Revd. P. H. Smith||| |Curate:|||Revd, T. Larkin||| |Associate|Ministers:||Revd. Robert|Carter|| ||||Revd. G. Hartnell||| |Resident Minister|||Revd. T. Eady||| |Local Mission Leader:|||V.Whittaker||| |Parish Wardens:|||J.Wright||| ||||C.Strange||| |Assistant Wardens:|||R.Whittaker|(Until May 2021AGM)|| ||||P. Kisby|(From May 2021AGM)|| ||||R Kisby||| ||||S.Perry||| |Representatives||on Deanery Synod:|A. Evans||| ||||S.Pounde|(Until May 2021AGM)|| ||||R.Whittaker||| ||||D. Kinghorn||| ||||Vacancies (2)||| |Other Elected||PCC Members:|M. Cooke||| ||||P.Oakley|(Until May 2021AGM)|| ||||S.Lee||| ||||B.Blaney||| ||||C Duke (Treasurer)||| ||||A. Wynter||| ||||B.Swatman||| ||||A. Rock||| ||||K. Birhah||| ||||M. Harris||| ||||T. Kisby||| ||||T.Woodhouse||| ||||A Bailey|(From May 2021AGM)|| ||||J Green|(From May 2021AGM)|| |Secretary|-C|o-opted|L Braiden||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |STATEMENT OF FINANCIAL ACTI|STATEMENT OF FINANCIAL ACTI|VITIES||||| |---|---|---|---|---|---|---| |Year ended 31 December 2021||||||| |||Unrestricted|Restricted|Endowment|Total|Funds| ||||||2021|2020| ||Note||E||s|| |INCOMING
RESOURCES||||||| |Donations
and legacies|2(a)||210,540||210,540|163,530| |Other voluntary
incoming||||||| |resources|2(b)||13,947||13,947|18,570| |Other income from||||||| |operating
activities|2(c)||13,711||13,711|14,698| |Income from investments|2(&I)|||6,899|6,899|7,655| |TOTAL INCOMING RESOURCES|||238,198|6,899|245,097|204,453| |RESOURCES EXPENDED||||||| |Grants|3(a)||1,667||1,667|8,934| |Activities directly relating to||||||| |work of the Church|3(b)||205,078|3,000|208,078|342,892| |Fundraising
and publicity|3(c)||3,889||3,889|11,495| |Church
management
and||||||| |administration|3(d)||5,327|29,492|34,819|27,299| |TOTAL RESOURCES EXPENDED|||215,961|32,492|248,453|390,620| |NE'r INCOMING/(OUTGOING)|RESOURCES||22,237|(25,593)|(3,356)|(186,166)| |GAINS ON INVESTMENTS||||||| |Unrealised||||31,635|31,635|14,583| |NET MOVEMENT
IN FUNDS|||22,237|6,042|28,279|(171,583)| |BALANCES BROUGHT FORWARD||||||| |AT 1 JANUARY 2021|||(7,278)|274,876|267,598|439,181| |BALANCES CARRIED FORWARD||||||| |AT 31 DECEMBER 2021|||14,959|280,918|295,877|267,598| ## ## |PENN FIELDS PAROCHIAL
CHURCH
BALANCE SHEET|PENN FIELDS PAROCHIAL
CHURCH
BALANCE SHEET|PENN FIELDS PAROCHIAL
CHURCH
BALANCE SHEET|COUNC|IL|| |---|---|---|---|---|---| |Year ended 31 December 2021|||||| |||||2021|2020| ||||Note||| |FIXEDASSETS:|||||| |Tangible assets|||||| |Investments||||245,919|217,285| |Debtors||||47,933|64,156| |Cash at bank and|in hand|||79,078|83,266| |||||127,011|147,422| |LIABILITIES:Amounts||falling due within one year|9|(22,052)|(37,109)| |NET CURRENT ASSETS||||1D4958|110,313| |LIABILITIES:Amounts||falling more than one year|9A|(55,000)|(60,000)| |TOTAL ASSETS|LESS|CURRENT LIABILITIES||295,877|267,598| |NET ASSETS||||295,877|267,598| |FUNDS|||||| |Unrestricted|||||| |Restricted||||14,959|(7,278)| |Endowment||||280,918|274,876| |||||295,877|267,598| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |2.|INCOMING RES||OU|RCES|||||||| |---|---|---|---|---|---|---|---|---|---|---|---| ||||||||Unrestricted|Restricted|Endowment|Total|Funds| ||||||||Funds|Funds|Fund|2021|2020| |2(a)|incoming Resources||from donors||||||||| ||Covenants|||||||125,749||125,749|109,378| ||Income tax recoverable|||on covenants||||30,058||30,058|25,202| ||Uncovenanted|||||||4,588||4,588|4,164| ||Collections
(open plate)|||at all services||||2,397||2,397|2,245| ||Gift Days|||||||7,242||7,242|| ||Sundry donations|||||||39,883||39,883|21,982| ||Other sundry
income|||||||162||162|412| ||Contras Restricted|||||||462||462|146| |||||||||210,540||210,540|163,530| |2(b)|Other voluntary
incoming|||resources|||||||| ||Grants|||||||1,573||1,573|| ||Donations,
appeals,|etc||||||10,000||10,000|'I1,829| ||Fetes, bazaars,
other||fundraising||events|||2,374||2374|6,741| |||||||||13,947||13947|18,570| |2(c)|incoming
resources|from operating||||activity|||||| ||Cafe||||||||||738| ||Ring Fenced Project||||||||||1,000| ||Church
hall lettings etc|||||||5,195||5,195|8,563| ||Fees|||||||8,516||8516|4397| |||||||||13,711||13711|14,698| |2(d)|income from investments||||||||||| ||Dividends
and interest||||||||6,899|6,899|7,655| ||||||||||6,899|6,899|7,655| ||TOTAL INCOMING|RESOURCES||||||238,198|6,899|245,097|204,453| ## ## ## ## |Year
3.|ended 31 December 2021
RESOUCES EXPENDED|||||| |---|---|---|---|---|---|---| ||||||Total|Total| |||Unrestricted|Restricted|Endowment|Funds|Funds| |||Funds|Funds|Fund|2021|2020| |||||2|2|| |3(a)|Grants|||||| ||Missionary
and charitable
giving|||||| ||Church overseas:|||||| ||-Missionary
societies
Other Charities
and societies overseas||2,060
8,157||2,060
85157|2,500
6,435| ||Other Charities and societies overseas:|||||| ||overprovisions
prior years||8,550
1,667||66|8,934| |3(b)|Activities directly relating to the Church|||||| ||Ministry:
-Diocesan quota
-Clergy Expenses
Church
running
expenses
Church maintenance||119,846
5,497
21,992
39,031||119,846
5,497
21,992
39,031|1 l5,143
3.587
23,416
173.678| ||Vicars fees to diocese|||||668| ||Office equipment
repairs
Families and Childrens
workers||145
18,567
205,078|3,000
3,000|145
21,567
8080 8|10671
24.728
3,89| |3(c)|Costs ofgenerating
funds
Fund-raising
events||3,889||3,889|11,495| |3(d)|Church management
and administration
External organist fees
Wages
Printing,
postage and stationary||125
(3,686)
1,392|29,492|125
25,806
1,392|193
13,744
2,252| ||Rent|||||| ||Accountants'
fees||1,434||1,434|14392| ||Teaching notes/Bibles
Miscellaneous||2,255
3,808||2,255
3,808|1:122
5.308| ||Development
fund||5,327|29,492|34 869|3.288
27,299| ||TOTAL RESOURCES EXPENDED||215,961|32,492|24&,453|390,620| ## ## |Ye|ar ended 31 December|20|21||| |---|---|---|---|---|---| |4.|STAFF COSTS||||| |||||2021|2020| |||||2|2| ||Wages and salaries|||47,373|38,472| |5.|FIXEDASSETS||||| ||||||Fixtures| ||||||and fittings| ||Tangible fixed assets||||| ||COST||||| ||At 1 January 2021 (estimated|value)|||48,782| ||At 31 December 2021||||48,782| ||DEPRECIATION||||| ||At 1 January
2021 (20%straight||line)||48,782| ||Charge||||| ||At 31 December 2021||||48,782| ||NET BOOK VALUE||||| ||At 31 December 2020||||| ||At 31 December 2021||||| ## ## ## ## |INVESTMENTS||| |---|---|---| ||2021|2020| ||2|| |Lichfield Diocesan Trust||| |Market value at 1 January 2021|217,284|242,702| |Unrealised
gain/(loss)
on investment|31,635|14,582| |Equity Income||| |Withdrawal|(3,000)|(40,000)| |Market value at 31 December 2021|245,919|217,285| ## ||||||Unrestricted|Restricted|Endowment|| |---|---|---|---|---|---|---|---|---| ||||||Fund|Fund|Fund|Total| ||||||2|2|2|2| |Fixed assets|||||||245,919|245,919| |Current|assets|||||44,066|75,999|120,065| |Current
liabilities
Liabilities more than one year||||||(9,107)
20,000|(6,000)
35,000|(15,107)
~ss,m| |||||||14,959|280,918|295,877| |DEBTORS||||||||| ||||||||2021|2020| ||||||||2|| |Income|tax recoverable||||||12,100|11453| |Prepayments||||||||| |Other Debtors - Development||Fund|Mary Grainger|Fund||||52.703| ||||||||47,933|64,156| ## ## ## ## ## |||||||||||| |---|---|---|---|---|---|---|---|---|---|---| |9.|LIABILITIES: AMOUNTS||||FALLING DUE WITHIN||ONE YEAR|||| ||||||||||2021|2020| ||Accruals||||||||9,000|37,109| ||Endownment
Fund-||Salary Balance||||||6,000|| ||Other creditors||||||||7,052|| ||||||||||22,052|37,109| |9A.|LIABILITIES:AMOUNTS||||FALLING DUE MORE||THAN ONE YEAR|||| ||||||||||2021|2020| ||Loan - development||fund Mary||Grainger|Fund|||35,000|40,000| ||Loans from members||||||||20,000|20,000| ||||||||||55,000|60,000| |10.|ANALYSIS OF MOVEMENT ON FUNDS|||||||||| |||||||Balance||||Balance| |||||||Brought||||Carried| |||||||Forward|Movement|in Funds|Gains and|Forward| |||||||01.01.21
6|Income
p|Expenditure|Losses
f|31.12.21
2| ||St Philip's|general fund||||(41,368)|121,211|(74,285)||5,558| ||St Aidan's|general
fund||||25,969|17,598|(19,919)||23,648| ||St Philip's|endowment||fund||274,876|6,899|(32,492)|31,635|280,918| ||St Philip's|development||fund||(16,703)|(6,111)|(20,902)||(43,716)| ||St Philip's|youth project||||3,258|18,250|(16,722)||4,785| ||St Philip's|holiday club||||1,317||(467)||850| ||Busy Bees and Mums and Toddlers|||||1,818|341|(398)||1,761| ||St Philip's|The Hub||||2,513|215|(365)||2,363| |||||||251,680|158,402|(165,548)|31,635|276,167| ||St.Joseph's
DCC|||||15,919|86,695|(82,904||19,710| |||||||267,598|245,097|(248,453)|31,635|295,877| ## ## ||||2021|2020| |---|---|---|---|---| ||||2|2| |Balance brought|forward||267,598|439,181| |Excess of expenditure||over income|(3,356)|(185,'I 66)| |Gains and losses|||31,635|14,583| |Balance carried forward|||295,877|267,598| ## ## ## ## |INCOMING
RESOURCES|Unresticted|Designated|Restricted|Endowment|Total Funds| |---|---|---|---|---|---| ||Funds|Funds|Funds|Funds|2021| ||2|||2|2| |Donations
and legacies|||163,530||163,530| |Other voluntary
incoming|||||| |resources|||18,570||18,570| |Other income from|||||| |operating
activities|||14,698||14,698| |Income from investments||||7,655|7,655| |Total|||196,798|7,655|204,453| |RESOURCES EXPENDED|||||| |Grants|||8,934||8,934| |Activities directly relating|||||| |to the work of the Church|||342,892||342,892| |Funderaising
and publicity|||11,495||11,495| |Church
management
and|||||| |administration|||27,299||27,299| ||||390,620||390,620| |Net income/(expenditure)|||(193,821)|7,655|186,166| |Losses on Investments|||||| |Unrealised||||14,583|14,583| |Reconciliation
offunds:|||||| |Total funds brought
forward|||186,543|252,638|439,181| |Total funds carried forward|||||| |at 31 December 2021|||7,278|274,876|267,598|