Charity number: 1135593 The Parish of Leeds City PCC Trustees. Report and Financial Statements For the year ended 31 December 2021 8ARIs The Parish of Leeds City PCC Contents Page Trustees. Report.......................................................................................................... Independent Examinerfs Report......................... Statement of Finanoal Attivities. Balance Sheet............................................................................................................. statement of Qsh FFow5 ...........................................................................................- IC, N0*5 to the Financial Statements................................................................................ _- The Parish of Leeds City PCC Trustee5' Report for the year ended 31 December 2021 The Trustees present their annual report an¢J financial statements for the year to 31 December 2021. These financial statements have been p￿Dared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Prartice applicable to charibes preparing their financial statements in accordantr with the Finanual Reporting Standard applicable in the UK and Republic of I￿lan¢j {FRS 1021 (effective l Januèry 2019} as detailed in the accounting policies. Reference and Administrative Details The Leeds City Parisl compnses the parish churches of st. Peter-3t-Leeds (Leeds Minster). The redundant Church of St. John the Evangelist, New Briggate 15 located within the Parish ènd is in the care of the Churche5 Conservatson Trust. The Church of Holy Trinity Boar Lane wa5 trBn5ferred from the Parish of Leeds City to the Parish of Leeds St. George on l May 2021. The Parish of Leeds City is in the Archdeaconry of Leeds. wh¢ch itself is ctrterminus with the Leeds Episcopal Area. part of the Diocese of Leeds in the Pmvince of York within the Church of England. The correspondence address is 2-6 Sf. Peter's House. Kirkgate, Leeds LS2 7DJ. The charity registration number is 1135593. PCC members who served from 1st January 2021 until the date this ￿port wa5 approved are: Rertgr Lecturer. The Revd Canon 5am Corley The Revd Professor Simon Robinson Kay Brown To 19" July 2021 Licensed Lay MinistÈr: A55iStant Curate Vice-chair of the PCC The Revd Judith aark Churth Wardens: Tr*vor Pad(er Simon Peatmen Rhtsja Walla To 25th April 2021 Elected 25th April 2021 Re-eletted 25Lh April 2021 for l year Representatives onthe Deanery Synod". Ann Clark Kay Brown Simon Pea[￿an David Dredge Elected 18 Ortober 2020 for 3 years Elected 18 Ortober 2020 for 3 years Electe(J 18 October 2020 for 3 years Elected 23 November 202L for 2 year5 Elected Members: Quentin Brown David Dredgé Christopher Webster Lesley Allsopp Noreen Connor John Tempest Peter Edson Diane Maloney Trevor Parker Elerted 25 April 2021 for 3 years Elected 25 April 2021 ftsr 3 years Elected 25 April 2021 for 3 years Elected 28 April 2019 for 3 years Eletted 28 April 2019 for 3 years Resigned 19 January 2022 Elerted 18 Ortober 2020 for 3 years Elected 18 Ottober 2020 for 3 years Elected 25 April 2021 for 3 years ThÈre are currendy five vacancies on the PCC, two vacancies for one year, one vacancy ft)r two years and two vacanoes for three years. PCC Secretary: Chrisbne Lenton 16 September 2021 to 31 December 2021 To 15 Sopternber 2C>21 Richard Butterfield PCC TreaSU￿r= Trevor Parker Re -aptK)inted 25 April 2021 Principal Bankers: CAF Bank Ltd, 25 Kings Hill Ave, Kings Hill, West MallingA Kent, ME19 4JQ Natwest. PO Box 666, Watedw Street. Bolton, BLI 8FH CCLA Investment Management Ltd. The CBF Church of England Funds. 80 Cheapside, Londort, EC2V 6DZ Independent Examiner: Laura Masheder FCA. DChA. Azets. Triune Court. Monks Cross Drive, York, Y032 9GZ The Parish of Leeds City PCC Trustees. Report for the year ended 31 December 2021 Structure. Governance and Management The Parochial Church Council CPCC) is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure. The PCC Is a registered charity (Registration Number= 1135593}. The rneth￿l of appointment of PCC members is set out in the Church Representation Rules. All Church aitendees are encouraged to wister on the Electoral Roll and stand for election to the PCC. Statement of PCC members, ￿SpOnsibl11t]eS in respect of the Finènoal Statements The PCC members are responsible for preparing the Annual Report and the financial 51atements in accordance with applirable law and regulations. The financial statements are required by law to give a true and fair view of the state of affairs of the Churth and of the income and expenditure for that periiid. In preparing these financial ststements, the trustees are required to: select suitable accounting polioes and then apply them coDsi5tenttyN ob*rve the method5 3nd principles in the appIl￿ble Charities SORP- make judgemeits and estimates that are reasonable and prudent. state whether applicable UK AccounDng srandards have been followed, subject to any material departures disclosed and explained in the finanaal statements. and preparè thè finanoal statements on the going concern basis unless it is inappropriate to presLJme that the charity will continue in its acivityes. The PCC members are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial p05ition of the Church and enable them tr> ensure that the financial rtatements comply with the Char5bes Act 20LI and the Church Accounting RegulatiDNS 2006. They have genefal responsibility for taking Such steps as are reasonably open to them to safeguard the a55ets of the Church and to prevent and detect fraud and other irregularities. Objetttves and Activities Leeds City PCC has tie responsibility of co-operabng with the Roctor of Leeds in promoting in the ecclesiastical parish the whole mission of the Church. pastoral, evangelistic. social and ecumenical. It also has Maintenan￿ responsibilities for the Church of St. Peter at Leeds- the St. Peter's precinct buildings cornprising St. Petees House, the Church Hall (both of which are leased}, and the caretaker'5 flat,. and Holy Trinity Church. When rewewing the aims ond objectives of the chanty, and in planning future acbvities, the trustees have complied with the duty in section 17 of the Charities Act 2011 tts have due regard to public benefit guidan￿ published by the Commission. Fundraising We St￿Ve to achieve the highest fundraising s￿n(lar￿S and we value our supporbve funder5. We stay up to m Parish ￿$OUr￿). In De￿rnber an appointrenL Oi a Fa-. - time admin assistant. to start in Januaryi was made (funded by the Diocese of Leed5). IA R".=hErd Special Services: The impatt of the Pandem¥c has greauy reduced any opportunty X ho special services but we bvere able to hold the ennual ordination service, with Revd Josh Cc-Ly_-.e licensed as Assistant Curate to be based at Holy Trinity. Boar Lane. We were a150 able to b.-11 nnual Remembrance service hosting the Royal British Legion and as services retumed to n=r.al it was a great achievement that the nomial round of Christmas services and Carol Services ii"E.- able to take place. from the Yorkshire P05t to the Lord Mayorfs carol service among others. st John's Church: The Parish of Leeds City continues to have some responsibilities for tne Church of St John the Evongelist, Ne%y Briggate. which is the regional headquarters for the Ehurches Conservation Trust {CCT}. SL John's is in the care of the CCT, but the Rector is still technically the incumbent. The PCC is responsible for the Churchyard at St. John's, induding insurarice obligatsons, though the care and ¥naIntenan￿ of rhe Churchyard is undertaken by Leeds City Council. In 2019 the PCC discussed pmtM)5als for the churchyard and the external area around the church developed by Leeds City Council. These plans remain at the development stage. though significant work to the east of the church is underway to pedestrianise New Briggate, and it is hoped that these works will see the proposals for the churchyard move forwards. Holy Trinity Churth. Boar Lane: The refurt*ishment work5 We￿ scheduled for completitsn in Jonuary 2021 and although there have been sorne snagging works since that datÈ tho work has been ctsmpleted and looks very smart. After consultation. the movement of the Parish boundary became official on 01105121 and Holy Trinity moved into the Parish of St George s. The move rep￿sents a deepening of the partnership between Leeds City Parish and St George's Leeds which was always in view throughout the development of ihe projert at Holy Trinity, and the parish looks forward to contributin9 to the new ministry there and has maintained links through prayer groups antfj services. Leeds Minster: In September Leeds Minster was once again able to tske part in Leeds Heritage Open Days and re￿1Ve visitors to the church. In November we hosted the annual Hook letture for Leeds Church Institute. Dr Carmody Grey. from Durham University. posed the question 'Thinking about Faith and Climate what do we want to sustain?. This was offered as è podcast as well as in-person and was a well ￿e1ve￿ contribution to the climate debate. In July Catherine Hicks was appointed Parish Environmental Offi￿r and in October we started to hold morithly environmental discvssion groups. In the first months of 2021 the roofing Wofks were undertaken. Due to timing and financial constraints this covered the whole of the various roots of thÈ east end of the building and the Lady Chapel but not the Tower or the City of Leeds room. Due to problerns with the oualiry of some of the work there were serious overruns and further leaks leading to internal damage. This was Covered by InsuTrnce but has taken lime to complete. The cost of the roof was covered by a large grant frotn the Culture Recovery Fund 1£326.237 or 80%). with the rest being found by Fnends of the Music. Historic Churches Yorkshi￿, Church Extension Society and others. The work finally finished In July. To date there is no plan in pla￿ for the roots Slill to be replaced as bids for further funding were unsuccesshJl. The Parish of Leeds City PCC Trustees. Report for the year ended 31 December 2021 In addilion to the roofing works. asbestos has been removed in the belfry and new sound control has been installed by Taylors of Loughborough. Music Department: A full report on the acuviues of the mustc department is detsiled elsewhere in the annual report. Suffice to say that Alex Wo(x1row, as Direttor of Music, ably supported by Sub-organist David Houlder and Organ Scholar William Campbell, worked tirelessly tts bring whatever rnusic was perrnitte£f to our worship life. From organ voluntaries and virtual ￿c[￿lS to solo Cantors and small ensÉmbles, it wa5 With great joy we were able to retum to something like a nomal offer of %VOTSMip in September. we are grateful to them and all the choir members for staySng connected through the 'quiet month5. and that they have come back in such strong form to lead us in weekly worship. We truly have a choir all of us are blessed to listen to and sing with on a regular basis. We continue to be grateful to the Pilling Trust, the Cathedral Music Tnjst. the Friends of the Mu51C, the Liz & Tery Bramall Foundation and a generous legacy which has made it possible to sustain our programme of 5cholar5 whith bring such tichness to our existing (wonderfull choir. Our goteful thanks to all involved and especially to Alex for his leadership over this challenging tirne. Education: Following the redundancy of our Education Officer in 2020 and with the ongoing challenge of the pandemic. it has not been able to restart our education work. In recent months there has been a renewal of interest from schwls and it is hoped that when funds allow, we will be able to stsrt this work again. The role of the Rector of Leeds: The Rector continued to play a role in the various charities and trusts of which he w3s an ex-officio member by virtue of his office. including The Market Place, the Harrison's Charity, the Friends of the Music of Leeds Minster. the Leeds Church Extension Society and the Leeds Church Institute, until his departure in July. When the new Rector is in post it is hoped he will be able to take up these posts. along with involvement with the governing body of st Peterf5 prisriary schtsol and a leading role in the Dsocese and Episcopal area. Safeguarding and Health & Safety: At a meeting on 30th November 2021. the PCC reviewed and renewed it5 commitment to the Safeguarding Policy Ststement 'Promoting a Safer Church, published by the House of Bishops in 2017. This will continue to be reviewed annually. and the relevant policy and contatt infomiation is displayed On noti￿5 boards in both churches and is also accessible on the Minster webslte. At the sarne meeting Tn November, the PCC re-appointed Kay Brown a5 the Parish Safeguarding Officer. Richard Butierfield oversèw health and safety on behair of the PCC and since his departure. Dr Simon Peatman {Churchwarden} has undertaken this role. We continue to be well supported by Alpha Swanson, our Health and Safety consultants, to ensure that the PCC is fulfilling its obligations in this a￿a. and a health and safety working group met during the year. Plans for thè future In 2020 we ststed fhat this was a year like no other. As has become apparent, this could equally apply to 2021. Following Canon Sam's departure the PCC went through the arduous pn>cess of Section 11 and Secbon 12 to generate the Parish Prtsfile and Parish Brochure and by the end of 2021 this process was cotnplete and an advert For the post of Rector of Leeds was produced. Kay Brown ILLMI and Simon Peatman (Churchwardenl were the elerted representatives of the PCC. It was Februèry 2022 befo￿ interview5 could take and Canon Paul Maybury wa5 appointed but we ￿maIn in vacancy for some time yet. The PCC is committed to working as hard as it tan, vndÈr God, to en5urÈ that the ministry of the parish continues through and beyond this period of considerable uncertainty and challenge but we need the v4hole parish to pull together tu grow our faith. our vision. our congregatitsn and our rnission as we seek to live as Christians in this parish. Let us be faithful in prayer to that end. Firtarteial Eieview Total receipts on unrestrirted genetal funds We￿ £278,439 12020= £161,198), and are detailed in the financial statements. The largest element is doftations and legacies at £154.320 1202CI.' £103,036). Charitable attivities raised to>1 funds of £38,109 12020.. £4,236). and other trading rtivities rolsed £17,388 12020= £22,099)- The Parish of Leeds City PCC Trustees. Report for the year ended 31 December 2021 Financial Review (continued) Total expenditure from the un￿stricted fund5 was £246,709 {2020= ri j2,685} èoain detailed in the financial statements. to give a net result ftsr the year on unre5￿ttL￿ *JiuS Oi a surplus of £34,881 12020-. svrplus £10,029) after taking into accourit gains on If&'.'*.,Éi- rev2luètions of £3.151 12020.. {£1.516)l. The contribution ￿1￿ to the dioce56Tr pansh s"..a* was -0,67Q c>ur required contribution was £60,451. The differen￿ is the payment of 2020 2rears 2$ pmiously explained. Our cumulative outstanding parish share is £264,451. Total funds at 31 D￿mber 2021 were £986,048 (2020.. EI.090,662) of ivp. £831,007) were unrestritted. The restritted funds al 31 December 2020 ￿'ele - £259.6551. Q-5.$S8 {2020- 1e.-, 12020= Going Concern The trustees have prepared finanoal projections. takn.ng inro con￿deratiOn the oJrrei- ￿ti-. £ climate and its potential irnpact on the sources of income and planned ÈxpendrtULE. Tr.&.. reasonable expectation that adequate finantial resources are available to enable t',.e continue in operntional existence for the foreseeable fijture. and have adeou3te conttrL. in the event that income Streams are redu￿ and the charity has reserve5 sufFicient LO immediate requiffments. Consequendy the financial statements have therefore been prep2* c the basis that the charity is a 90ing concern. Reserves PoliLV It is PCC policy to maintain, if possitAe. free reserves which equates tt) approximately tn Fnonth5 unrestricted payments (to indude paying the dI0￿$3n share in full) to cover emergeri Tr. 51tuations that may arise from time to titne. AE 31 December 2021 this requirement i'las approximately £62,000. The bèlart￿ of £71.610 on unrestritted funds held in net current assets i the year-end is adeouate to meet this tsrget. Approved by the PCC and signed on its behalf t*y: Kay Brown Vice-chair of the PCC Date: 0810612022 The Parish of Leeds City PCC Independent Examiner's Report to the Members of the Parish of Leeds City PCC I report to the trustees on my examination of the finanaal 51atements of the Parish of Leeds City PCC for the year ended 31 December 2021. This report is made solely to the charity's trustees. as a body, in accordance witj) Settion 145 of the Charities Act 2011. My independent examination work has been undertaken 50 that I might stsre to the charity's trustees those matter5 1 am required to state to them in an Independenl Examinerf5 Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume ￿SPonSIbl1ty to anyone other than the Charity and the chariry's trustees as a b￿y, for my independent examination work, for this ￿ptsrt. or for the opinions I have formed. Responsibilities and basis of report As the charity trustees of the PCC you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 20111.the ACV). I report in respect of my examination of the Trust's financial statements carried out under section 14S Df the 2011 Act and in carrying out tny exarninatson I have followed all the applicable Directions given by the Charity Commission under 5ectton 145{51{b) of the Art. This report, including my statement. has been preparen value unless otherwise stated in the relevant accounting policy notes. The financial statements have been p￿pa￿ to give a 'true and tsir. view and have departed from the Charities {Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair view.. This departure ha5 involved following Charities SORP {FRS 1021 rather than Accounting and Reporting by Charities= Staiement of Recommended practi￿ effethve frotn l April 2005 which has Since been withdTrwn. The financial statements have been prepared under the historical cost convention except ftrr the valuation of investment assets, which are shown at market value. The financial 5taternents include all transattions, assets and liabilities for which the PCC is liable in law. They do not include the financial ststements of church groups that owe their affiliation to another body, nor those that are informal gatherings of church members. The finanual ststernents have b*n prepared in pourKJ steding which is the ftjncbonal currency of the charity. Monetary amounts in these finanoal statements are rounded to the nearest £1. Going concern The Trustees have prepared financial projections, taking into consideration the current economic climate and its potenknal impatt on the sources of income and planned expenditure. The trustees have a reasonable expectation that adequate financial resource5 are available to enable the charity to conbnue in Operat￿nal ex1steTr￿ for the foreseeable future. and have adequare contingency plans in the event that income streams are reduced. Consequently the financial statements have therefore been prepared on the basis that the charity is a going concern. Income Iricome represents all resources which become available tt> the charity but excludes gains on investments. Grants, donations and legacies and associated gift aid are recognised when the charity becomes entitled to retrive the funds. when it is probable that the funds will be ￿ceiVed and that they can be measured with sufficient reliability- Investment income is recognised on an accruals basis and comprises of djvidends dedared and interest ￿ceIvable durir)g the accounting period and rents from investment properties which are induded when they a￿ receivable by the charity. Expenditure Grants and donation5 are accounEed ft>r when paid over or awarded. The diocesan parish Sha￿ 15 accounted for when paid. Amounts ￿￿1Ved specifically for mission are dealt with as restricted funds. All othÈr expend￿Ure is re£ognised when incurred and accourited for gr055. Staff Costs The costs of short tern employee benefits are recognise¢J as a liability and an exponse where Settlement of obligation5 doe5 not fall w￿h1n the Same period. li The Parish of Leeds City PCC Notes to the Financial Statements For the year ended 31 December 2021 Accounting Policies (Continued} Operatin9 Leases Rentals applicable in respett of operating leases where substantially 811 the benefits and risks of owrtership remain with the lessor are charged to the income and expenditure account as incurred. Funds Restricted Funds." represent donations or grants received for a speofic objert or invited by the PCC for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of each year must be carried forword a5 a balance on that fund. Unrestricted fund: represent 9eneral funds which can be used for PCC ortlinary PUTP05es. Tangible fixed asstts Consecrated land and buildings and moveable church furnrshings Consecrated and benefi￿ property is not included in the financial statements in accordance with s.10 (2)lal and Ic) of the Charities Act 2011. Other land and buildings The charity owns the fl3t occup￿￿ by the ca￿￿ker, which is included at a valuation arrived at by the PCC. No depreciation is charyed against the flat and the carrying value will be reviewed annually. other eouipment Equipment Used within church premises and offices is dep￿cIated on a straight line basis over 4 years. Individual items of equipment with a purchase pri￿ of £1,500 or less are written off in the peri(￿ in which the asset Is acquired. Investments Investment properties are properties hèld to earn rentals andlor for capitsl app￿ciation, are eaSU￿d using the fair value model and are statèd at thÈir fair value which is estim3ted based on future cashflow expettations and the current market conLlitsons at the reporting date. The surplus or deficit on revaluation ts recognised in the SOFA. Other listed investments are held to generate retums and gains for the charity and accordingly è designated as fair value through profit and loss fFVtPLi. Under this designation the portfolio is re-valued at each period end to its fair value, as determined by refe￿nCe to quoted market prices and values determined by irbdependent fund managers, viith any gains or losses going through the SOFA. Ffftnancial instruments The Charity has elerted to apply the provisions of Section 11 'Basic Financial Instruments, and Secbon 12'0ther Finèncial Jnstruments 1$5ues' of FRS 102 to all of its financial instruments. Cash at bank and in hand Cash at bank and cash in hand include5 cash and short temi highly liquid investments with a short maturity held for working c2Pital. Bank overdrafts a￿ shown within borrowing in current liabilities. Debtors Trade and other debtors a￿ recognised at the 5ethement atnount due after any trade discount offered. Prepayments and accrued iTh¢otne represent time apportioned expenses or incoFne to be recognised in a future accounting period. Financial assets, other than those held at fair value through profft and 1055, are assessed for noicators of Impairment at each ￿p)rtIng end date. Financial assets a￿ impaired Whe￿ there is objective evidence that, as a result of one Or nore events rhèt occurred èfter the initial recognition of the ftnancial asset, the estirnated futu￿ cash flows have been affected. The impaKmient loss is recognised in the income and expenditure account. 12 The Parish of Leeds City PCC Notes to the Financial Statements For the year ended 31 December 2021 Accounting Policies {Ctsntinued) Pension Costs The charity has made arrangements for a defined contrbutyon scheme for the members of staff. The assets of the scheme are held separately from those of the Charity. Pen510n Costs charged in the Statetnerit of Financial Acknvities represent contribuborts payable by the charity in the year. Creditors. loans and provisions Creditors, loans and provisions a￿ wognised where the char5ty has a p￿sent obligation resulting from è past event thèt will probably result Fn the transfer of funds to a third party and the atnount due t0 settle the obligation can be measured or esbmated reliably. Creditt>rs. loans provisions are normally recognised at their settlement amount after allowing for any trdde discounts dtje. Financial liabilities are derecognised when. and onty when. obligations are discharged, cancelled or they expire. Amounts recognised as provisions a￿ best esimates of the considerotion ￿qUI￿d to settle the P￿sent obligation at the reporting end date. taknng into account the risks ond uncertainties surrounding the obligation. 2. Critical Accountin9 Estimates and Judgements In the application tsf the charity's accounting poliues. the Trustees are reqLJired tr> make judgements. estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The e5bmates associate 1,809 3.328 30,223 1,093 102,675 23,292 8,160 21.564 1.603 1,601 2L.089 3.585 407 26,860 535 2.702 635 I,ioo 1,720 6.931 3,062 nditure 265 482 Exceptional costs: Holy Trinity redevelopment project 93,303 93,303 807,565 807,565 Transactions with PCC Members and Connerted Persons Apart from rhe clergy expenses (referred to in Note 81 no member5 of the PCC ￿ceiVed any reimbursements of expenses or remuneration 12020- £nill. io. Tangible Fixed Assets Land 2nd Equipment buildings Totsl Cost or valuation: At l Janua 2021 and 31 Deomber 2021 180 000 225 592 Depreciation: At l Jariuary 2021 Charge in the year At 21 DeceThber 2021 43,532 674 45,532 674 Net Book Values- At 31 December 2021 At 31 December 2020 180 000 180 000 181 386 182 060 16 The Parish of Leeds City PCC Notes to the Financial Statements For the year ended 31 December 2021 Tangible Yjxed Assets (continued) In November 2015 a lease for 150 years was signed between The Leeds Diocesan Board of Finance, The PCC of Leeds Ciry Ministry Team, the 8ishop of Leeds and Yelcon Ltd in respect of the land and buildings within the St Peterfs precinrt. The rent payable under the terms of the lease is a peppercorn per year. The land and buildings within the St Petees preanct, incluoes a flat used by the ca￿taker and owned by the charity and has beer valued by the Trustees at £180.000. The trustees believe there Is no change to this valuation in the year. The site of the Holy Trinty church includes a d)urth hall which is an integral part of the building. As no separate value can be attributed to the hall, it is t￿ated as consecrated and beneficed property which is exclude*J from the finartoal statements in accordan￿ with the accounting policy. ii. Investment property Leasehold land and buildings Cost or valuation: At l Janua 2021 an¢J 31 December 2021 595 000 Net Book Values: At 31 December 2021 At 31 Decernber 2020 595 000 The land and buildings within the St Peterfs precinrt includes Offi￿ space tswned by the charity and let out to commercial tenants and 11 flats which have been gtznted a lease of 125 years with a ground rent being paid to the charity- The valuation of the property has been reviewed by the Trustees and revalued based on experted income streams and current prevailing tnarket conditions. Investment propety has a historical cost of £575.000 {2020= £575,000). 17 The Parish of Leeds City PCC Notes to the Financial Statements For the year ended 31 December 2021 12. Investments ma￿et Value at Gain during 31 Dec the year 2020 Market Value at 31 Dec 2021 Restrirted Unrestricted ui Historical Cost Disposal Church Fund: St Peterfs Church fund.. renènts CBF VF 576 units CBF IIF 188 vnits Bimingham Corp 11,801 3.852 1,688 551 13,489 4,403 5,832 1,805 337.5 3.5% Hull Cor 175 234 {175) 234 409 360.80 st Mary the Wirgin: Maintenance Fund - CBF VF 1318 units Cholr Fund: CBF I/F - 174 Units CBF IIF- 120 Units 3,565 510 912 1.422 4,075 2.355 Holy Trinity: Music C8F VF 602 units PCC - CBF IIF 385 un￿$ Thorp Nussey-CBF IIF 285 Units 12,333 7,888 112,333) 17.8881 Total investments: Unresiritted Restritted 23.950 56.242 3,151 4,373 {8.2971 {19.299) 17,892 42,228 7,637 5,137 Total L(sted investments have a historical cost of £L2,774 (2020= £20.676). 13. Debtors 2021 2020 Trade debtor5 Other debtors and accnjed income 15,612 12,501 14. Creditors: Amounts Falling Due Wlthln One Year 2021 2020 Trade Creditors Accruals 29,538 18 The Parish of Leeds City PCC Notes to the Financial Statements For the year ended 31 December 2021 16. Movement in Funds {tn the Charity but was paid by the Diocese of L￿$ as Rector Designate. Tre charity makes arrangements for a defined contribubon pension for it empltsyee5. The cost of the pension scheme to the charity for the year ended 31 December 2021 was £1,674 12020- £2,296). There were no amounts outsianding at the year end {2020= £nill. 18. Commitments under Operating Leases At 31 December 2021 the PCC had totsl commitrnents under non-eancdlable operating leases as follows: Office Equipment 2021 2020 Expiry date: Within one year Bet¥veen one and fjve 1,648 1,648 ears 4,944 19. Net Cash {used in) Operating Actlvltles 2021 2020 Net movement in funds (Gain51 OTr fixed a55et investments Depreciation charge Income from investments Decrease in debtors (Decrease) / Incwse in c￿ltorS (104,6141 17.524} 674 (72,125} 4,446 {33.2591 (212,4021 (328,1951 15,3231 635 (32.8871 6,638 59,939 (299,193) 20. CapKtal Commitments There were no captsl commitments at the year end. At 31 December 2020 the charity had capital commitfflents authorised and conirdcted in respert of the development at Holy Trinity of £19,190. 21 The Parish of Leeds City PCC Notes to the Financial Statements For the year ended 31 December 2021 21. Comparative Ststement of Anandal Activities for the year ended 31 De￿mber 2020 Unrestricted Restricted Funds Funds 3020 Total Funds Inrome from: Donations and legacies Charitable attivities Other trading activities Investments Total income 103,036 3.526 21,749 578,243 710 350 681,279 4,236 22,099 161 198 579 303 740 501 Expenditure on: Raising funds Charitable activities Hol Trini Total ex enditure Net incorne / (expeThditure) before other reco nised ains 972 151.713 972 265,482 807 454 1 074 019 113,769 807 565 921 334 152 685 8,513 (342,0311 1333.5181 Other recognised gains Realised ènd unrealised gains on inve#rnents Net movement in funds 1.516 3.807 (338,224) 5,323 {328.195) 10,029 Reconciliation of funds: Total funds brou ht fonmard Total funds carried fonvaT¢I 820 978 831 007 597 879 259 655 1418 857 1 090 662 22. Related party disdosures There are no related party transactions which require disck)sure. 22