OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2021-12-31-accounts

PARISH OF ST PHILIP AND ST JAMES, LECKHAMPTON WITH ST CHRISTOPHER’S, WARDEN HILL ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31[ST] DECEMBER 2021 CHARITY NUMBER 1134837

Administrative information

Parish of St Philip and St James, Leckhampton with St Christopher’s, Warden Hill is situated in Cheltenham. It is comprised of the church of St Philip and St James, Leckhampton together with its daughter church St Christopher’s, Warden Hill. It is part of the Diocese of Gloucester within the Church of England. The correspondence addresses are as follows:

St Philip and St James Church, Grafton Road, Cheltenham, GL50 2DD (www.pipandjims.org.uk).

St Christopher’s Church, 1 Lincoln Avenue, Warden Hill, Cheltenham, GL51 3DD – (www.tciwh.org.uk)

The names of the current trustees of the PCC are disclosed on the Charity Commission website.

Structure, governance and management

St Christopher’s, Warden Hill was built as a daughter church to St Philip and St James, Leckhampton in 1961. Each church has its own independent Church Council with the combined Parochial Church Council of the parish being made up of the members of each of the Church Councils.

In 2010 St Christopher’s became part of a local ecumenical partnership (LEP) with the United Reform Church of Warden Hill. As a result of this there is now one set of accounts prepared with combines the financial resources and liabilities of the total LEP (The Church in Warden Hill).

The method of appointment of PCC members is set out in the Church Representation Rules. All Church attendees are encouraged to register on the Electoral Roll and stand for election to the PCC.

Objectives and Activities

St Philip and St James, Leckhampton with St Christopher’s, Warden Hill PCC has the responsibility of co-operating with the incumbent in promoting in the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. It also has maintenance responsibilities for the properties owned by the churches.

Achievements and Performance

The achievements and performance of the two churches are set out in the individual reports prepared for each church’s AGM. These are available from the correspondence addresses above.

Financial Review

The two churches within the parish operate their finances independently from one another. Each church adopts its own accounts at its individual AGM and these individual accounts are adopted at the PCC AGM.

St Philip and St James excluding Youth Work

For the 2021 financial year the net funds available to the Church decreased by £847k, reflecting the £968k reduction in funds as a result of the re-ordering, partially offset by £133k of one-off income generated by the liquidation of the Acton Trust endowment funds. Excluding non-recurring items expenses exceeded income by £7k (£23k in 2020). £25k of rental income in respect of hire of the Church was recognised during the year.

Total assets were in excess of liabilities by £189k. In terms of this balance there was £34k invested in CCLA investment funds, £93k in current or deposit cash accounts and £111k of fixed assets with the remainder of the net assets consisting of gift aid debtors, loan liabilities of £75k and sundry liabilities. Unrestricted liquid net assets at the year-end were £40k.

More information on the Church’s income and expenditure is provided in the accounts document that is made available for the AGM.

South Cheltenham Youth Work

For the 2021 financial year income exceeded expenditure by £0k. Youth work cash held and other related assets and liabilities at the end of 2021 totalled £53k.

The Church in Warden Hill

The accounts presented are the consolidated LEP accounts and are prepared on a receipts and payments basis.

During the year there was a surplus of income over expenditure of £37k. The overall financial position remains healthy with total assets in excess of liabilities amounting to £81k.

Reserves policy

St Philip and St James, Leckhampton

It is Church Council policy to maintain a balance on unrestricted funds (if possible), which covers:

At the end of 2021 there were actual unrestricted reserves of £163k of which £40k were considered liquid. Following the completion of the re-ordering project the Church is looking to strengthen its financial position via the hire of the re-ordered Church space and facilities to external parties.

The Church in Warden Hill

It is Church Council policy to maintain a balance on unrestricted funds (if possible), which equates to approximately six months unrestricted payments, to cover emergency situations that may arise from time to time. The balance as at 31 December was £6k.

Future outlook

The two churches will continue to pursue a wide range of activities to fulfil the mission of the church.

Year end 31 December 2021 accounts for:

Whilst both churches are part of the same parish their finances are run separately and their accounts are subject to the approval of the separate church councils. As such the accounts are presented separately in this document and are subject to separate independent examinations.

The Church in Warden Hill is a Local Ecumenical Partnership between the Church of England and the United Reformed Church.

The accounts for the Church of St Philip and St James, Leckhampton are prepared on an accruals basis and comply with the requirements of FRS 102 and the Charities SORP.

The accounts of the Church in Warden Hill are prepared on a receipts and payments basis.

1

Parish of St Philip and St James, Leckhampton Accounts review for year ended 31 December 2021

The income and expenditure in respect of the South Cheltenham team ministry youth work are included in these accounts but shown separately from the standalone results of St Philip and St James.

Net movement in funds

£k 2021 2020 2019 2018
Incoming resources excluding major one-off items 178 135 161 159
Resources expended excluding major one-off items (185) (158) (187) (179)
Movement in funds excluding non-recurring items and
depreciation		 (7) (23) (18) (30)
Legacies 8 1 15 0
Depreciation on Church reordering fixtures and fittings (13) (1) (1) (1)
Church re-ordering income 345 447 142 76
Church re-ordering expenditure (1,313) (1,326) (95) (42)
Proceeds of Acton Trust liquidation 133 0 0 0
Additional insurance costs relating to contractors 0 (6) 0 0
Expenses related to sale of Church House 0 0 (32) 0
Church House income less running costs 0 0 (4) (2)
Investment gains / (losses) 0 4 13 (6)
Change in valuation of Church House from £1,500k to
£1,675k		 0 0 0 175
Net movement in funds P&J only (847) (904) 20 170
Youth work incoming resources 20 24 23 22
Youth work resources expended (20) (20) (18) (9)
Youth work net movement in funds 0 4 5 13
Net movement in funds including youth work (847) (900) 25 183

Balance sheet

Balance sheet
£k 2021 2020 2019 2018
P& J balance sheet
Fixed assets–revalued Church House 0 0 0 1,675
Fixed assets–other 111 50 2 2
Investment assets–fixed interest funds 16 53 50 109
Investment assets–share funds 18 34 32 49
Other debtors (gift aid recoverable, church hire
monies receivable and prepayments)		 29 34 37 22
Cash deposit account 69 734 1,803 36
Current account 24 138 19 40
Loan liability (interest free, repayable 2025) 0 (5) 0 0
Loan liability (interest free, repayable 2031) (75) 0 0 0
Liabilities (3) (2) (3) (13)
P&J net assets 189 1,037 1,940 1,920
Of which liquid unrestricted net assets 40 911 1,813 187
Youth work balance sheet
Other debtors (gift aid recoverable) 2 2 2 2
Current account 53 52 48 42
Liabilities (2) (2) (2) 0
Youth work net assets 53 52 48 44
Total net assets including youth work 242 1,088 1,988 1,964
Of which restricted 79 109 143 91
Of which unrestricted and designated 163 979 1,845 1,873

2

Restricted and designated funds

£k 2021 2020
Choral tradition 10 10
Community Engagement Officer / Venue manager 7 10
Community activities grants 9 0
Church re-ordering–main 0 0
Church re-ordering–music 0 15
Church re-ordering–furnishings 0 17
Church re-ordering–hospitality 0 4
Balfour 0 1
Youth work 53 52
Total restricted funds 79 109

INCOMING RESOURCES P&J EXCLUDING YOUTH WORK

  1. Voluntary Income
£k 2021 2020
Parish Giving Scheme 79 80
Income tax recoverable on Parish Giving Scheme 18 18
Other planned giving 10 7
Other giving 7 2
Income tax recoverable on other giving 4 4
Collections (open plate) 1 1
Sundry donations (including coffee) 4 1
Grants (Acton Trust) 133 4
Other grants 19 1
Charity collections 2 6
Legacies (2 unrestricted legacies received in year) 8 1
TOTAL 285 125

2. Church reordering

£k 2021 2020
Gift aided donations 16 72
Non gift aid donations 21 52
Income tax recoverable on gift aided donations 4 18
VAT reclaim 231 158
Grants 71 136
Other fund raising 2 11
TOTAL 345 447

3

INCOMING RESOURCES P&J EXCLUDING YOUTH WORK (continued)

  1. Activities to generate funds
£k 2021 2020
Hire of church and facilities 25 0
TOTAL 25 0
  1. Investment return
£k 2021 2020
Dividends from investment funds 2 3
Interest on deposit account 0 7
Gains / (losses) on annual revaluation 0 4
TOTAL 2 14

RESOURCES EXPENDED

  1. Charitable giving
£k 2021 2020
Support to St Andrew’s, Ramallah 0 10
Other charitable giving from collections 2 0
TOTAL 2 10

In 2022 the Church agreed £4k of support for St Andrew’s children’s work through their nursery. In addition, during 2022 we expect to provide support for travel expenses in relation to a visit from St Andrew’s.

  1. Charitable activities - directly relating to the work of the church
£k 2021 2020
Parish Share 92 92
Contribution to team expenses 1 2
Clergy expenses and other staff expenses 2 2
Church running expenses 21 16
Additional insurance costs relating to contractors 0 6
Upkeep of services (includes Musical Director salary) 13 9
Church maintenance 9 0
Depreciation of furnishings 13 1
Parish Office costs (includes Parish Administrator
salary)		 17 13
Parish Office rental during re-ordering 2 5
Other salaries (Community engagement officer) 13 0
Support costs relating to activity of church 3 1
Youth worker contributions / expenses 6 6
Expenses in relation to Community support 1 0
Fees paid to GDBF / choir 2 1
TOTAL 195 154

4

RESOURCES EXPENDED (continued)

3. Church re-ordering

£k 2021 2020
Main contractor (Ken Biggs Contractors Limited) 1,256 1,217
Architect fees 16 47
Other professional fees 27 29
Fund raising costs 1 17
Furnishings and fittings 13 15
Other re-ordering costs 0 1
TOTAL 1,313 1,326

Final retention of £63,412 remains to be paid to Ken Biggs Contractors Limited in 2022 and a further amount of £2,400 is due to the architects. The Church will be able to reclaim the VAT included in these amounts.

The re-ordering has delivered a church that is open and busy seven days a week with church services and events, as well as community groups, meetings and celebrations. The focus has been on enriching the life of our local community and offer a range of opportunities for people of all ages to wonder, reflect, pray and connect with a worshipping community committed to faith, hope and love.

Improve facilities for disabled access, sound, light and hospitality were also key to the plans. This included a servery and an attractive shared green space combining car and bike parking, with space for people to gather, relax and socialise.

In accordance with the Charities Act 2011 expenditure on improvements to consecrated Church Buildings are not capitalised as fixed assets.

YOUTH WORK SUMMARY

£k 2021 2020
Parish Giving Scheme donations and tax recovered
Other giving
Income tax recoverable
P&J contribution
Other PCC contributions		 5
2
0
6
7		 5
5
1
6
7
TOTAL YOUTH WORK INCOME 20 24
Payments to Youth for Christ for leaders
Other Youth ministry costs		 16
4		 15
5
TOTAL YOUTH WORK EXPENDITURE 20 20
NET MOVEMENT IN FUNDS 0 4

5

The Church of St Philip and St James, Leckhampton
‘seeing Christ in the world, being Christ in the world’
Statement of Financial Activities
For the year ended 31 December 2021
Unrestricted
Restricted
Funds
Funds
Note
£
£
INCOMING RESOURCES
Voluntary Income
2(a)
264,031
21,077
Church re-ordering
2(b)
0
344,872
Income from church activities
2(c)
6,750
0
Activities for generating funds
2(d)
20,789
4,594
Income from investments
2(d)
1,900
0
Other incoming resources
2(f)
782
0
TOTAL INCOMING RESOURCES
294,253
370,543
RESOURCES EXPENDED
Costs of charitable activities
3(a)
180,756
16,212
Cost of church reordering
3(b)
981,351
331,740
Cost of governance and fund raising activities
3(c)
1,328
0
TOTAL RESOURCES EXPENDED
1,163,435
347,952
NET INCOMING/(OUTGOING) RESOURCES
(869,183)
22,591
TRANSFERS BETWEEN FUNDS
53,306
(53,306)
(LOSSES) / GAINS ON INVESTMENTS
(101)
0
NET MOVEMENT IN FUNDS
(815,978)
(30,715)
BALANCES BFWD AT START OF YEAR
ST P&J EXCLUDING YOUTH WORK
979,041
56,671
BALANCES CFWD AT END OF YEAR
ST P&J EXCLUDING YOUTH WORK
163,063
25,956
South Cheltenham Youth Work
TOTAL INCOMING RESOURCES
3(d)
0
19,924
TOTAL RESOURCES EXPENDED
3(d)
0
19,915
NET MOVEMENT IN FUNDS
3(d)
(0)
9
BALANCES BFWD AT START OF YEAR
ST P&J INCLUDING YOUTH WORK
979,041
109,184
BALANCES CFWD AT END OF YEAR
ST P&J INCLUDING YOUTH WORK
163,063
78,478
END OF STATEMENT OF FINANCIAL ACTIVITIES		 The Church of St Philip and St James, Leckhampton
‘seeing Christ in the world, being Christ in the world’
Statement of Financial Activities
For the year ended 31 December 2021
Unrestricted
Restricted
Funds
Funds
Note
£
£
INCOMING RESOURCES
Voluntary Income
2(a)
264,031
21,077
Church re-ordering
2(b)
0
344,872
Income from church activities
2(c)
6,750
0
Activities for generating funds
2(d)
20,789
4,594
Income from investments
2(d)
1,900
0
Other incoming resources
2(f)
782
0
TOTAL INCOMING RESOURCES
294,253
370,543
RESOURCES EXPENDED
Costs of charitable activities
3(a)
180,756
16,212
Cost of church reordering
3(b)
981,351
331,740
Cost of governance and fund raising activities
3(c)
1,328
0
TOTAL RESOURCES EXPENDED
1,163,435
347,952
NET INCOMING/(OUTGOING) RESOURCES
(869,183)
22,591
TRANSFERS BETWEEN FUNDS
53,306
(53,306)
(LOSSES) / GAINS ON INVESTMENTS
(101)
0
NET MOVEMENT IN FUNDS
(815,978)
(30,715)
BALANCES BFWD AT START OF YEAR
ST P&J EXCLUDING YOUTH WORK
979,041
56,671
BALANCES CFWD AT END OF YEAR
ST P&J EXCLUDING YOUTH WORK
163,063
25,956
South Cheltenham Youth Work
TOTAL INCOMING RESOURCES
3(d)
0
19,924
TOTAL RESOURCES EXPENDED
3(d)
0
19,915
NET MOVEMENT IN FUNDS
3(d)
(0)
9
BALANCES BFWD AT START OF YEAR
ST P&J INCLUDING YOUTH WORK
979,041
109,184
BALANCES CFWD AT END OF YEAR
ST P&J INCLUDING YOUTH WORK
163,063
78,478
END OF STATEMENT OF FINANCIAL ACTIVITIES		 Restricted
Funds
£
21,077
344,872
0
4,594
0
0		 2021
£
285,108
344,872
6,750
25,383
1,900
782
TOTAL		 2020
£
124,892
447,043
1,926
0
9,510
0
FUNDS
370,543 664,795 583,371
16,212
331,740
0		 196,968
1,313,091
1,328		 164,163
1,326,063
1,587
347,952 1,511,387 1,491,813
(869,183) 22,591 (846,592) (908,442)
53,306
(101)		 (53,306)
0		 0
(101)		 0
3,916
(815,978) (30,715) (846,693) (904,527)
979,041 56,671 1,035,712 1,940,238
163,063 25,956 189,019 1,035,712
0
0		 19,924
19,915		 19,924
19,915		 24,346
20,103
(0) 9 9 4,243
979,041 109,184 1,088,225 1,988,509
163,063 78,478 241,542 1,088,225

6

The Church of St Philip and St James, Leckhampton The Church of St Philip and St James, Leckhampton The Church of St Philip and St James, Leckhampton
‘seeing Christ in the world, being Christ in the world’
Balance Sheet at 31 December 2021
Note 2021 2020
£ £
FIXED ASSETS
Tangible fixed assets - other 5(a) 111,069 49,913
Investment assets 5(b) 33,371 87,218
144,440 137,130
CURRENT ASSETS
Debtors and prepayments 7 29,026 33,618
Short term deposits 69,008 734,175
Cash at bank 24,401 137,635
122,435 905,427
LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR
Current liabilities 8 (2,856) (1,845)
NET CURRENT ASSETS 119,579 903,581
LIABILITIES: AMOUNTS FALLING DUE AFTER ONE YEAR
Loan liabilities 8 (75,000) (5,000)
NET ASSETS ST PHILIP AND ST JAMES ONLY 189,019 1,035,712
Youth work bank account 52,778 52,398
Youth work debtors 7 1,434 1,645
Youth work liabilities 8 (1,690) (1,530)
NET ASSETS INCLUDING YOUTH WORK 241,542 1,088,225
FUNDS ST PHILIP AND ST JAMES ONLY 6
Unrestricted - non-revaluation reserves 163,063 995,241
Restricted 25,956 40,471
189,019 1,035,712
FUNDS INCLUDING YOUTH WORK 6
Unrestricted - non-revaluation reserves 163,063 995,241
Restricted 78,478 92,984
241,542 1,088,225
Approved by the Church Council and signed on their behalf:
Dated:
Dated:
END OF BALANCE SHEET

7

The Church of St Philip and St James, Leckhampton

‘seeing Christ in the world, being Christ in the world’

Notes to the Financial Statements

For the year ended 31 December 2021

Basis of preparation

The financial statements have been prepared in accordance with the Financial Reporting Standard applicable in UK and Republic of Ireland (FRS 102) amd the Charities Statement of Recommended Practice ("SORP") applicable to charities applying FRS 102. The accounts comply with the requirements of the Charties Act 2011.

The financial statements have been prepared under the historical cost convention except for the valuation of investments (which are shown at market value).

The PCC is part of the South Cheltenham Team ministry. Youth work ministry is provided to all PCCs in the team through a relationship with Youth for Christ. The income and expenditure and assets and liabilities in relation to South Cheltenham youth work are incorporated into these accounts but shown separately from the the other balances of the PCC.

Incoming resources - Voluntary income

Collections are recognized when received by or on behalf of the PCC. Planned giving receivable under Gift Aid is recognized only when received.

Income tax recoverable on Gift Aid donations is recognized when the income is recognized.

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 ultimate receipt by the PCC is reasonably certain.

VAT recoverable in respect of maintenance / improvement of Church building is recognised when received. Funds raised by fete, garden parties and similar events are accounted for gross.

Any sales of books and magazines from the church bookstall will be accounted for gross if they occur.

Incoming resources - Activities for generating funds

Rental income from the letting of church premises is recognized as follows: when the service (i.e. the rental has been

Incoming resources - Income from investments

Dividends are accounted for when due and payable. Interest entitlements are accounted for as they accrue.

Resources expended - Activities directly relating to the work of the Church

The diocesan parish share is accounted for when paid. Any parish share unpaid at 31 December would be provided for in these accounts as an operational (though not a legal) liability and is shown as a creditor in the Balance Sheet.

In accordance with the Charities Act 2011 expenditure on improvements to consecrated Church Buildings are not capitalised as fixed assets but rather are expenses as incurred.

Gains and losses on investments

Realized gains or losses are recognized when investments are sold.

Unrealized gains or losses are accounted for on revaluation of investments at 31 December.

Fixed assets - Other fixtures, fittings and office equipment

Other tangible fixed assets are valued at their historic cost less an allowance for depreciation. Depreciation is charged on a straight line basis over the useful economic lifetime of the asset.

Fixed Assets - Investments

Investments are valued at bid market value at 31 December.

Current assets

Amounts owing to the PCC at 31 December in respect of fees, rents or other income are shown as debtors less provision for amounts that may prove uncollectible.

8

----- Start of picture text -----
The Church of St Philip and St James, Leckhampton
‘seeing Christ in the world, being Christ in the world’
Notes to the Financial Statements (Continued)
For the year ended 31 December 2021
2 INCOMING RESOURCES
Unrestricted Restricted TOTAL FUNDS
funds Funds 2021 2020
£ £ £ £
2(a) Voluntary Income
Planned giving:
PGS gift aid donations 72,527 0 72,527 73,979
PGS non gift aid donations 6,275 0 6,275 5,645
PGS tax recoverable 18,160 0 18,160 18,495
Standing order gift aid donations 5,151 0 5,151 5,307
Standing order non gift aid donations 2,525 0 2,525 1,215
Other planned giving 1,856 0 1,856 816
Other non-planned giving 7,331 0 7,331 1,498
Other income tax recoverable 3,687 0 3,687 3,897
Collections (open plate) at all services 1,192 0 1,192 817
Coffee donations 314 0 314 181
Sundry donations 3,823 0 3,823 1,117
Acton House liquidation 133,187 0 133,187 4,151
Other non-recurring grants 0 19,282 19,282 1,206
Charity collections 0 1,795 1,795 5,570
Legacies 8,001 0 8,001 1,000
264,031 21,077 285,108 124,892
During the year the endowment funds of the Acton House Trust, a connected charity, of which St Philip & St James PCC is the managing trustee,
were liquidated and reimbursed to St Philip and St James, Leckhamption and The Church in Warden Hill.
2(b) Church re-ordering
Gift aid donations 0 15,838 15,838 72,199
Non gift aid donations 0 20,735 20,735 51,863
Grants - non-recurring 0 70,486 70,486 135,694
VAT reclaim 0 231,743 231,743 158,440
Other income 0 2,099 2,099 10,542
Gift aid recoverable 0 3,971 3,971 18,304
0 344,872 344,872 447,043
Additional VAT reclaim of £26,106 received in March 2022 which will be recognised in the 31 December 2022 accounts.
2(c) Income from church activities
Fees 6,706 0 6,706 1,926
Other 45 0 45 0
6,750 0 6,750 1,926
2(d) Activities for generating funds
Hire of church building and facilities 20,789 4,594 25,383 0
20,789 4,594 25,383 0
2(d) Income from investments
Dividends from investment funds 1,665 0 1,665 2,667
Interest from cash deposit funds 236 0 236 6,843
1,900 0 1,900 9,510
2(e) Other incoming resources
Insurance claims 782 0 782 0
782 0 782 0
TOTAL INCOMING RESOURCES 294,253 370,543 664,795 583,371
----- End of picture text -----

9

The Church of St Philip and St James, Leckhampton The Church of St Philip and St James, Leckhampton The Church of St Philip and St James, Leckhampton
‘seeing Christ in the world, being Christ in the world’
Notes to the Financial Statements (Continued)
For the year ended 31 December 2021
3 RESOURCES EXPENDED
Unrestricted Restricted TOTAL FUNDS
Funds Funds 2021 2020
£ £ £ £
3(a) Cost of Charitable activities
Charitable giving:
Charitable giving out of planned income 125 0 125 0
Support to St Andrew's, Ramallah (924) 924 0 9,800
Other charitable giving 0 1,795 1,795 125
(799) 2,719 1,920 9,925
Activities directly relating to the work of the Church:
Contribution to team parish share 92,412 0 92,412 92,406
Contribution to team expenses 732 0 732 1,722
Incumbent expenses 1,100 0 1,100 1,758
Other staff expenses 540 0 540 733
Church - running expenses 21,246 0 21,246 16,405
Additional insurance cost due to contractors 0 0 0 6,227
Upkeep of services 13,434 0 13,434 9,127
Church - maintenance 9,317 0 9,317 (387)
Depreciation of furnishings or equipment 12,876 0 12,876 602
Salaries/wages/honoraria (71) 12,827 12,756 288
Parish office costs 19,436 0 19,436 18,613
Youth worker funding and expenses 5,520 0 5,520 5,640
Expenses in relation to Community activities 0 665 665 0
Church activity support 3,208 0 3,208 671
Element of fees paid to GDBF/ choir 1,807 0 1,807 434
181,556 13,492 195,048 154,238
Total Charitable activities 180,756 16,212 196,968 164,163
Upkeep of services includes salary paid to Musical Director and parish office costs include salary paid to parish administrator.
3(b) Church re-ordering
Architects fees 0 16,200 16,200 46,620
Other professional fees 0 26,782 26,782 29,440
Main contractor (Ken Biggs Contractors Ltd) 974,247 281,425 1,255,672 1,217,382
Fund raising costs 0 1,440 1,440 16,562
Fitting out costs 7,104 5,426 12,529 15,299
Other re-ordering costs 0 468 468 760
981,351 331,740 1,313,091 1,326,063
Final Retention of £63,412 left to pay to Ken Biggs Contractors Ltd in 2022.
3(c) Cost of governance and fund raising activities
Administration & stewardship costs 1,039 0 1,039 1,587
Other (printing, stationery, bank charges etc) 289 0 289 0
1,328 0 1,328 1,587
The independent examiner provides their services free of charge.
TOTAL RESOURCES EXPENDED 1,163,435 347,952 1,511,387 1,491,813

10

The Church of St Philip and St James, Leckhampton
‘seeing Christ in the world, being Christ in the world’
Notes to the Financial Statements (Continued)
For the year ended 31 December 2021
3 (d)
Youth work
Unrestricted
Funds
£
Income
PGS and PGS tax recoverable
0
Non PGS donations
0
Other income
0
Income tax recoverable
0
St P&J contribution
0
Other PCC contributions
0
TOTAL INCOMING RESOURCES
0
Expenditure
Youth ministry staff costs
0
Other youth ministry costs
0
TOTAL RESOURCES EXPENDED
0
NET MOVEMENT IN FUNDS
0		 Restricted
Funds
£
5,200
1,887
0
477
5,520
6,840
19,924
16,255
3,660
19,915
9		 2021
£
5,200
1,887
0
477
5,520
6,840
19,924
16,255
3,660
19,915
9
TOTAL		 2020
£
5,712
3,222
2,020
1,032
5,640
6,720
FUNDS
24,346
15,445
4,658
20,103
4,243

11

----- Start of picture text -----
The Church of St Philip and St James, Leckhampton
‘seeing Christ in the world, being Christ in the world’
Notes to the Financial Statements (Continued)
For the year ended 31 December 2021
4(a) STAFF COSTS P&J 2021 2020
Net Wages & salaries 34,650 20,282
Pension costs 2,077 1,424
Income tax and NI to HMRC 1,123 2,060
Less contributions from other Parishes (4,601)4,601),601)601)) (6,691)6,691),691)691)91)1))
33,249,2492499 17,076,076076
The number of staff employed at 31 December 2021 was 3 (2020: 2). The average number of staff employed in the year was 2.5.
The staff employed at 31 December 2021 comprised a parish administrator, a venue manager and a musical director.
There are no staff who received emoluments of more than £60,000 excluding pension contributions in the period (2020: no staff).
In addition, to services provided by employees, the Church also relies significantly on services provided by unpaid general volunteers
who support the worship and other activities of the Church.
No members of the Church Council have been paid any remuneration of received any other benefits from employment with the Church.
During the year 6 Church Council members have been reimbursed total expenses of £5,340 which were properly incurred supporting the
activity of the Church. This excludes expenses paid to clergy in relation to the performance of their duties.
There have been no transactions with related parties during the reporting period.
5 FIXED ASSETS FOR USE BY THE COUNCIL
5(a) Tangible fixed assets - fixtures, fittings and equipment
£ £ £ £
Portable
organ and Re-ordering Total Fixed
piano Dias furniture furniture Assets
BOOK COST
At 1 January 2021 4,649 12,037 44,060 60,746
Additions 26,562 0 47,471 74,032
At 31 December 2021 31,210,210210 12,037,037037 91,5311,531,531531 134,778,778778
ACCUMULATED DEPRECIATION
At 1 January 2021 0 10,833 0 10,833
Depreciation in year 3,121 602 9,153 12,876
At 31 December 2021 3,121,121121 11,435,435435 9,153153 23,709,7097099
NET BOOK VALUE
At 31 December 2021 28,089,0890899 602 82,378,378378 111,069,0690699
At 31 December 2020 4,649,6496499 1,204,204204 44,060,060060 49,9139,91313
Dais furniture is being depreciated on a straight line basis over its 20 year useful life.
Re-ordering furniture, portable organ and piano are depreciated on a straight line basis over a 10 year useful life.
----- End of picture text -----

----- Start of picture text -----
The Church of St Philip and St James, Leckhampton
‘seeing Christ in the world, being Christ in the world’
Notes to the Financial Statements (Continued)
For the year ended 31 December 2021
4(a) STAFF COSTS P&J 2021 2020
Net Wages & salaries 34,650 20,282
Pension costs 2,077 1,424
Income tax and NI to HMRC 1,123 2,060
Less contributions from other Parishes (4,601)4,601),601)601)) (6,691)6,691),691)691)91)1))
33,249,2492499 17,076,076076
The number of staff employed at 31 December 2021 was 3 (2020: 2). The average number of staff employed in the year was 2.5.
The staff employed at 31 December 2021 comprised a parish administrator, a venue manager and a musical director.
There are no staff who received emoluments of more than £60,000 excluding pension contributions in the period (2020: no staff).
In addition, to services provided by employees, the Church also relies significantly on services provided by unpaid general volunteers
who support the worship and other activities of the Church.
No members of the Church Council have been paid any remuneration of received any other benefits from employment with the Church.
During the year 6 Church Council members have been reimbursed total expenses of £5,340 which were properly incurred supporting the
activity of the Church. This excludes expenses paid to clergy in relation to the performance of their duties.
There have been no transactions with related parties during the reporting period.
5 FIXED ASSETS FOR USE BY THE COUNCIL
5(a) Tangible fixed assets - fixtures, fittings and equipment
£ £ £ £
Portable
organ and Re-ordering Total Fixed
piano Dias furniture furniture Assets
BOOK COST
At 1 January 2021 4,649 12,037 44,060 60,746
Additions 26,562 0 47,471 74,032
At 31 December 2021 31,210,210210 12,037,037037 91,5311,531,531531 134,778,778778
ACCUMULATED DEPRECIATION
At 1 January 2021 0 10,833 0 10,833
Depreciation in year 3,121 602 9,153 12,876
At 31 December 2021 3,121,121121 11,435,435435 9,153153 23,709,7097099
NET BOOK VALUE
At 31 December 2021 28,089,0890899 602 82,378,378378 111,069,0690699
At 31 December 2020 4,649,6496499 1,204,204204 44,060,060060 49,9139,91313
Dais furniture is being depreciated on a straight line basis over its 20 year useful life.
Re-ordering furniture, portable organ and piano are depreciated on a straight line basis over a 10 year useful life.
----- End of picture text -----

12

----- Start of picture text -----
The Church of St Philip and St James, Leckhampton
‘seeing Christ in the world, being Christ in the world’
Notes to the Financial Statements (Continued)
For the year ended 31 December 2021
5(b) Investment fixed assets £ £ £
Fixed Interest Total
Investment Fund Fund Investments
Movements in the year:
Market value - 1 January 2021 33,650 53,568 87,218
Purchases at cost, less disposals at carrying value (18,800) (34,946) (53,746)
Net gains / (losses) on annual revaluation 2,763 (2,864) (101)
Market value - 31 December 2021 17,613 15,758 33,371
Holdings at 31 December 2021: 9,973.92 (2020: 31,668.69) shares in the CBF Church of England Fixed Interest Securities Fund
753.13 (2020 : 1645.75 shares) in the CBF Church of England Investment Fund
6 ANALYSIS OF NET ASSETS BY FUND
Unrestricted Restricted
Funds Funds Total
£ £ £
Fixed Assets for Church Use 111,069 0 111,069
Investment Fixed Assets 33,371 0 33,371
Current Assets 96,480 25,956 122,435
Liabilities (77,856) 0 (77,856)
Fund balance P&J only 163,063 25,956 189,019
Youth work current assets 0 54,212 54,212
Youth work current liabilities 0 (1,690) (1,690)
Fund balance P&J including youth work 163,063 78,478 241,542
The restricted funds comprise:
SCC Youth Choral Charitable
Work tradition appeals Balfour Sub-Total
£ £ £ £ £
Opening at 1 January 2021 52,513 10,000 0 924 63,438
Incoming resources 19,924 0 1,795 0 21,718
Transfers between funds 0 0 0 0 0
Resources expended (19,915) 0 (1,795) (924) (22,634)
Closing at 31 December 2021 52,522 10,000 0 0 62,522
Community
Sub total from Engagement Community
above Officer Activities Sub-Total
£ £ £
Opening at 1 January 2021 63,438 0 0 63,438
Incoming resources 21,718 10,000 9,282 41,000
Transfers between funds 0 9,970 0 9,970
Resources expended (22,634) (12,827) (665) (36,126)
Closing at 31 December 2021 62,522 7,143 8,617 78,282
Sub total from Main Reordering Reordering
above reordering Stones hospitality Sub-Total
£ £ £
Opening at 1 January 2021 63,438 9,970 0 3,650 77,057
Incoming resources 41,000 325,085 1,275 373 367,733
Transfers between funds 9,970 (8,695) (1,275) 0 0
Resources expended (36,126) (326,360) 0 (4,022) (366,509)
Closing at 31 December 2021 78,282 0 0 0 78,282
Sub total from Reordering Reordering Reordering
above furnishings families music Total
Opening at 1 January 2021 77,057 17,500 63 14,564 109,184
Incoming resources 367,733 10,539 0 12,194 390,466
Transfers between funds 0 (26,744) 0 (26,562) (53,306)
Resources expended (366,509) (1,295) (63) 0 (367,866)
Closing at 31 December 2021 78,282 0 0 196 78,478
Net transfer of £53,306 from restricted to unrestricted funds reflects capitalisation of re-ordering furniture / organ / piano paid for by
re-ordering giving.
----- End of picture text -----

13

----- Start of picture text -----
The Church of St Philip and St James, Leckhampton
‘sharing God’s love through worship, education and service’
Notes to the Financial Statements (Continued)
For the year ended 31 December 2021
7 DEBTORS 2021 2020
£ £
Income Tax recoverable P&J 27,076 30,542
Amounts receivable in respect of Church Hire 1,950 0
Prepayments (Church Gas) 0 3,076
Debtors P&J only 29,026 33,618
Income Tax recoverable youth work 1,434 1,645
Debtors P&J including youth work 30,460 35,263
8 LIABILITIES 2021 2020
£ £
Loans for re-ordering 75,000 5,000
Accruals 2,856 1,845
P&J only 77,856 6,845
Accruals youth work 1,690 1,530
P&J including youth work 79,546 8,375
Opening loan of £5,000 was converted into a re-ordering donation during 2021.
As at 31/12/21 loans include an individual loan of £75,000 in respect of church re-ordering which is interest free with the principal being repayable in 2031.
9 CASHFLOW
9 (a) Cash flow statement 2021 2020
£ £
Net income per Statement of Financial Activities (P&J) (846,693) (904,527)
Net income per Statement of Financial Activities (Youth Work) 9 4,243
Total net income per Statement of Financial Activities (846,684) (900,284)
Adjustments for:
Depreciation charges 12,876 602
Gains / losses on investment 101 (3,916)
Dividends reinvested into investment funds (954) (1,722)
Change in debtors 4,803 4,222
Change in accruals 1,171 (1,408)
Net cash flow from operating activities (828,687) (902,506)
Net cash flow from investing activities - purchase of furniture (74,032) (48,709)
Net cash flow from financing activities - loans 70,000 5,000
Net cash flow from investing activities - sale of investments 54,700 0
Change in cash and cash equivalents during reporting period (see below) (778,019) (946,214)
9 (b) Analysis of cash and cash equivalents 2021 2020
£ £
Short term deposits - (P&J) 69,008 734,175
Cash at bank - (P&J) 24,401 137,635
Cash at bank - (Youth Work) 52,778 52,398
146,188 924,207
Change in cash and cash equivalents during reporting period (see above) (778,019) (946,214)
END OF DOCUMENT
----- End of picture text -----

14

1

The Church in Warden Hill Statement of Financial Activities For the year ended 31 December 2021

The Church in Warden Hill
Statement of Financial Activities
For the year ended 31 December 2021		 1
Note
INCOMING RESOURCES
Incoming resources from donors
1(a)
Other voluntary incoming resources
1(b)
Incoming resources from operating activities
1(c)
Income from investment
1(d)
Other incoming resources
1(e)
TOTAL INCOMING RESOURCES
RESOURCES EXPENDED
Ministerial costs
2(a)
Grants and donations
2(b)
Church running costs
2(c)
Church management and administration
2(d)
Costs of generating funds
2(e)
TOTAL RESOURCES EXPENDED
NET MOVEMENT IN FUNDS
BALANCES BROUGHT FORWARD AT 1 JANUARY
BALANCES CARRIED FORWARD AT 31 DECEMBER		 Unrestricted
Funds (£)
Restricted
Funds (£)
TOTAL 2021
(£)
TOTAL 2020
(£)
25,787.99
20.00
25,807.99
33,546.51
7,400.00
48,815.89
56,215.89
3,530.50
23,621.81
0.00
23,621.81
21,208.50
11.18
0.00
11.18
90.80
8,000.00
0.00
8,000.00
9,337.82
64,820.98
48,835.89
113,656.87
67,714.13
38,843.13
0.00
38,843.13
34,884.23
4,000.00
1,389.51
5,389.51
4,875.65
29,245.36
0.00
29,245.36
34,906.15
2,909.77
0.00
2,909.77
2,368.90
0.00
0.00
0.00
0.00
74,998.26
1,389.51
76,387.77
77,034.93
-10,177.28
47,446.38
37,269.10
-9,320.80
16,358.06
27,630.95
43,989.01
53,309.81
6,180.78
75,077.33
81,258.11
43,989.01

15

2

The Church in Warden Hill Balance Sheet at 31 December 2021

CURRENT ASSETS
Current account @ Co-Operative
Investment account @ CCLA
Cash in hand
Debtors
LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR
Creditors
NET CURRENT ASSETS
ALLOCATION TO FUNDS
General Fund
Mission Fund
Organ Fund
URC 50thanniversary
Bell Fund
URC Centre Roof
St Christopher’s Works
Legacies		 2021 (£)
2020 (£)
59,693.20
20,809.53
21,487.99
21,476.81
76.92
67.82
0.00
1,845.85
81,258.11
44,200.01
0.00
211.00
81,258.11
43,989.01
6,180.78
16,358.06
101.30
0.00
4,591.55
4,591.55
111.80
111.80
1,575.76
1,555.76
20,000.00
20,000.00
47,325.08
0.00
1,371.84
1,371.84
81,258.11
43,989.01

These accounts are prepared on the 'receipts and payments' basis and comply with the appropriate legal requirements. The notes on pages 3 to 4 form part of these accounts.

16

3

The Church in Warden Hill Notes to the Financial Statements For the year ended 31 December 2021

1 INCOMING RESOURCES Unrestricted Restricted TOTAL 2021 TOTAL 2020
Funds (£) Funds (£) (£) (£)
1(a) Incoming resources from donors
Planned giving 20,622.48 20,622.48 21,612.58
Collections (open plate) at all services 1,020.94 1,020.94 697.34
Gift Aid tax recovery 1,832.57 1,832.57 8,566.59
Sundry donations 2,312.00 20.00 2,332.00 2,670.00
25,787.99 20.00 25,807.99 33,546.51
1(b) Other voluntary incoming resources
Grants 7,400.00 47,325.08 54,725.08 2,654.85
Charity appeals 1,490.81 1,490.81 875.65
7,400.00 48,815.89 56,215.89 3,530.50
1(c) Incoming resources from operating activities
Donations for use of premises 20,928.10 20,928.10 19,241.50
Fees 1,573.00 1,573.00 1,382.00
Fund raising events 429.76 429.76 0.00
Magazine sales and adverts 637.45 637.45 574.00
Cards and books 53.50 53.50 11.00
23,621.81 0.00 23,621.81 21,208.50
1(d) Income from investment
Bank Interest 11.18 11.18 90.80
11.18 0.00 11.18 90.80
1(e) Other incoming resources
Vodafone rental 8,000.00 8,000.00 8,000.00
Furlough relief 0.00 1,337.82
8,000.00 0.00 8,000.00 9,337.82
TOTAL INCOMING RESOURCES 64,820.98 48,835.89 113,656.87 67,714.13

17

4

The Church in Warden Hill Notes to the Financial Statements For the year ended 31 December 2021

2
RESOURCES EXPENDED
2(a)
Ministerial costs
URC levy
C of E parish share
Children's ministry
Clergy expenses
Fees
2(b)
Grants and donations
Charities – mission / relief
Charities – secular
2(c)
Church running costs
Heat & lighting
Cleaning
Gardening
Insurance
Repairs & replacements
Furnishings & equipment
Church supplies
Wages – administrator
Wages – organist & assistant
Wages – cleaners
Honoraria & gifts
Books & magazines
Subscriptions & licences
Sundry supplies
Celebrations
2(d)
Church management and administration
Printing & stationery
Telephone / copier / Internet
2(e)
Costs of generating funds
Cost of fund raising
Cost of stewardship
TOTAL RESOURCES EXPENDED		 Unrestricted
Funds (£)
Restricted
Funds (£)
TOTAL 2021
(£)
TOTAL 2020
(£)
11,346.00
11,346.00
8,138.00
22,752.00
22,752.00
22,752.00
2,814.00
2,814.00
2,803.35
1,283.13
1,283.13
979.88
648.00
648.00
211.00
38,843.13
0.00
38,843.13
34,884.23
500.00
1,299.67
1,799.67
2,729.65
3,500.00
89.84
3,589.84
2,146.00
4,000.00
1,389.51
5,389.51
4,875.65
7,157.32
7,157.32
7,453.38
832.60
832.60
461.64
322.00
322.00
35.00
2,554.97
2,554.97
2,210.28
1,305.54
1,305.54
4,005.36
2,579.28
2,579.28
6,374.45
537.52
537.52
304.26
1,883.60
1,883.60
1,951.07
2,219.00
2,219.00
2,004.00
7,449.00
7,449.00
7,268.89
852.75
852.75
860.50
0.00
0.00
17.96
1,297.20
1,297.20
892.41
212.08
212.08
599.84
42.50
42.50
467.11
29,245.36
0.00
29,245.36
34,906.15
972.62
972.62
371.12
1,937.15
1,937.15
1,997.78
2,909.77
0.00
2,909.77
2,368.90
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
74,998.26
1,389.51
76,387.77
77,034.93

18

Independent •xamlnerf8 report on the accounts CHARITY COMMISSION FOR ENGLAND AND WALES Section A Independent Exawniner'5 Report Report to the tr￿tty member¥ of l¥ Pk.I, k S Pc c On acct￿nts for th• year Charity no (if any) Ii34-Eri Set out on pag•• R•#p•ctlv• rn¥ponglbllltl8• of The th8rtys trustees are reswJnsibl• for the preparalion of Ihe accounts. The tharity's truJt••s and ex4mlner Injstetrs consKl&r th8t an aLJit is not wuirpd for year uThJer sectson 144 ofthe Charthes 2011 (IM Ch•rTb•8 Arf) aNI that 8XalTMnat￿ 18 rwded. is my resportslbj￿Y to" examine the uThJer secavjn 145 oflhe Charfe8 Ad, to follryw the prct&luf•s la.d ¢l)wn in the general Di￿S given by Chafty Commwion lurhder 8econ 145151{b} of the Chanties ￿ atyj 10 State whether pa￿￿18( matters have come to my attent￿tt Bash of Independent My oxamlrJon was ¢aThied cwjl in acLY)rf8nce wilh generbl Direcb'ons gfven by the Charity •xafflln•V• stat￿1•nt Comm6$￿n. An examinatKJn indudgs a revi￿ of the acco￿tIng rècords ktrpt by the charty and a comparisC￿ ofthe acccunts pr8sent8d thos¥ records. It also indude6 eonwd8ral￿ ofany ￿r￿sU81 rtems or disdo8ure8 m the 8¢xwnts. and 888kmg axplanations from the trustees c4)nceming rnatters. Th8 procedures un¢Jertsken do not provldè all Ihe 8vthc• that woukl b8 requiied m 8n audil, and consequently no opinion is given as to wh•U)èr aceoLbnts pre￿t a'true and fgirf vthv •t>J thtr report18 limrtod to those moltern set wt in thts Statement bdow. Ind•p•nd•nt •x•mln•rf• In cmnothon wlth my txaminabon. no material matters hab coffle to my ottenkn •tat•m•nt 9fv•8 m• cause to ball￿¥ that in. any Mat￿"41 r•sp&l'. the wwnb.ng retords were kept m 8ttordance Sect￿ 130 of the Charities Acl.. or th& accojnts dKI not ry)M￿y wih the appl￿￿6 requirwnents o)nceming Ihts fom and ￿ntent of accounts Set oul in the Charrties (AcC￿ntS and Reports) Re9ulats')n$ 2C(J8 other thon any wuirewt that acctyjnts gN• 8 Xnje and f'rf vi•w which 18 rK)t a matter ￿nsidered as part of an independerrt examinab"on. I haw come acro$8 no ott￿r mattets m Conr￿ wrth examination to whi¢h attenb.on s￿Id bè drwi in this In order to 8naJlè 8 kyoper understar¥Jing oflhe acrnunts to be read Si9ned: Dat•: a?/0 ozi Name: kn&(&QE Relevant prof￿10n1 qualificatyonlsl or body111 any)- FcfrsA ofyEYI LG 1HL IER Decomber 2017