THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BRIDLINGTON ST. MARY
FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2021
Registered charity number: 1136055
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BRIDLINGTON ST. MARY
Financial statements for the year ended 31 December 2021
| Contents | Page |
|---|---|
| Independent Examiner's report | 1 |
| Trustees' report | 2-5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the financial statements | 8-15 |
| Overall summary of income and expenditure | 16 |
Report of the independent Examiner to the Parochial Church Council of The Ecclesiastical Parish of Bridlington St. Mary
I report on the accounts of the Parochial Church Council of The Ecclesiastical Parish of Bridlington St. Mary for the year ended 31 December 2021, which are set out on pages 3 to 15.
Respective responsibilities of trustees and examiner
The Charity's trustees are responsible for the preparation of the accounts. The Charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 and that an independent examination is needed.
It is my responsibility to:
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(a) examine the accounts under section 145 of the Charities Act 2011;
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(b) follow the procedures laid down in the general Directions given by the Charity Commission ( under section 145(5)(b) of the Charities Act 2011) and
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(c) state whether any particular matters have come to my attention.
Basis of the independent examiner's report
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether
the accounts present a true and fair view, and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In the course of our examination no matter has come to my attention:
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(1) which gives me reasonable cause to believe that, in any material respect, the trustees have not met the requirements to ensure that:
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(a) proper accounting records are kept ( in accordance with section 130 of the Charities Act 2011 ); and
(b) accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Charities Act 2011; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed by: Stuart AC Gibson
Independent Examiner
on ……………………………
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BRIDLINGTON ST. MARY
Financial statements for the year ended 31 December 2021
TRUSTEES' REPORT
Statement of Trustees' responsibilities
The law applicable to charities in England and Wales requires the parochial church council as trustees to prepare financial statements for each financial year. In preparing those financial statements the trustees are required to:-
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select suitable accounting policies and then apply them consistently;
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make judgements and estimates which are reasonable and prudent;
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state which accounts have been prepared in accordance with the Statement of Recommended Practice - Accounting by Charities; and
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prepare the accounts on the going concern basis unless it is inappropriate to presume that the concern will continue in operation.
The trustees are required to act within the framework of trust law and the Charities Acts; they are also responsible for keeping proper accounting records. The trustees have a general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the funds and to prevent and detect fraud and other irregularities.
Background
The Parochial Church Council ( P.C.C. ) of The Ecclesiastical Parish of Bridlington St. Mary 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 responsibility for the Church Rooms. There are two properties rented out, the carpet warehouse and the Church bungalow.
Members of the P.C.C. are either ex-officio or elected by the annual Parochial Church Council meeting, in accordance with the Church Representative rules.
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BRIDLINGTON ST. MARY
Financial statements for the year ended 31 December 2021
TRUSTEES' REPORT - continued
Members are:
Rector: Reverend Matthew Pollard Associate Minister: Reverend Christine Strand Curate: Reverend Maxine Waller Parish Deacon: Reverend Jean Fowler Churchwardens: Mrs. Y. Kurvits Mr. F. Fowler Mrs. H. Hughes
Representatives of the Deanery Synod:
Mrs. J. Brameld Mrs. P. Burbidge
Co-opted members: Reverend J. Oates Elected members: Mr. M. Kunz
Mrs. E. Boardman ( Safeguarding representative ) Mrs. M. Watson Mr. P. Koker ( Secretary ) Mrs. L. Koker Mr. J. Place ( Health and Safety representative ) Mr. B. Goodall Mrs. E. Broadbent Mr. R. Broadbent Mrs. Allison Saxton
COMMITTEES
The Bridlington Priory P.C.C. has one committee, the Standing Committee, consisting of the Rector, the Churchwardens, the Treasurer, and the Secretary. It has the power to transact the business of the P.C.C. between its meetings subject to any directions given by the Council.
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BRIDLINGTON ST. MARY
Financial statements for the year ended 31 December 2021
TRUSTEES' REPORT - continued
REVIEW OF THE YEAR
2021 was a year of slow recovery from the ravages caused by the coronavirus pandemic. Despite a setback in January as a new covid variant swept through the country, the Church was finally re-opened in May with protective measures in place, and during September all remaining covid restrictions were finally lifted. As a result, Priory activities increased during the year. An Advent fair was held in November, culminating in a service of music and readings.
A feasibility study has been carried out by architects simonsherriff LLP into a two-storey extension for the south side of the Priory. New audio visual equipment has been installed in the Church.
A bench commemorating Robin Sharpe has been installed in the churchyard.
We were shocked and saddened to learn of the death of two stalwarts of the Priory during the year. In January Ian Burbidge died suddenly. He had been central to the Deanery's Hope Housing project and the Listening Ear Service. In April John Hughes, assistant organist for over 40 years, passed away.
The Hope Housing project has continued to be successful, and during the year the second Hope Housing property was purchased and renovated, and three people were resident in it.
Financial constraints due to the coronavirus restrictions meant that the Priory was only able to pay 43% of its Free Will offering for six months but was able to revert to the full amount for the remaining six months.
Otherwise the Priory has had a satisfactory year financially and this is dealt with, along with other financial matters, in the Financial Report.
Whilst the virus has not yet been beaten, there is optimism that things are slowly returning to pre-pandemic normality. In the meantime the Priory community will continue to provide support and welcome to anyone who seeks it as it has for over 900 years.
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BRIDLINGTON ST. MARY
Financial statements for the year ended 31 December 2021
TRUSTEES' REPORT - continued
Financial review of the year
The overall financial outcome for 2021 has been positive.
Total incoming resources for the P.C.C. totalled £152k., an increase of £1k. over the previous year figure. The COVID related reductions in open plate collections and freewill envelopes continued into the first part of this year resulting in slight reductions in income. Gift aid income marginally exceeded that of last year. Legacies were less than last year, which benefitted from a generous legacy from the estate of Robin Sharpe. However, sundry donations were significantly higher than last year. Shop sales have recovered after being decimated last year through lack of footfall as a result of lockdown. As the financial markets recovered from the worst of the lockdown regime, investment income has risen from £9k. to £15k.. Weddings and funeral fees have fallen by £4k..
Resources used in the year totalled £136k., compared with £151k. last year, a decrease of £15k, in line with reduced activity. The Diocesan Freewill Offering had to be reduced from £70k. to £50k. to reflect the straightened economic situation. As a result of the above, the accounts show net incoming resources, excluding non cash flow items ( depreciation and movements on valuations ) of £16k., which is a significant improvement on the previous year.
Depreciation, which is a non cash flow cost and measures the using up of tangible fixed assets in the balance sheet, amounted to £9k., being slightly higher than last year, due to additions late last year and this year.
Investments held have all shown strong gains this year, the gains totalling £54k.. In addition, the Church rooms and bungalow have been externally revalued as at 31 December 2021 and this has resulted in a valuation uplift of £150k.. As a result, the net movement in funds shows a gain of £211k., compared with a gain of £7k. last year.
The balance sheet of the P.C.C. remains healthy at 31 December 2021, reflecting the positive movement in net funds. Tangible fixed assets include the purchase of an audio visual system, and their overall valuation has benefitted from the abovementioned revaluation of the Church Rooms and Bungalow. Likewise the valuation of the investments held has significantly improved due to a stronger financial market.
Monies held in bank accounts total £273k., slightly higher than last year.
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BRIDLINGTON ST. MARY STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 DECEMBER 2021
| Note Incoming resources: From donors 2.1 Other voluntary items 2.2 Income from operating activities 2.3 Income from investments 2.4 Other ordinary incoming resources 2.5 Total incoming resources Resources used: Costs of generating funds 3.1 Grants and charitable donations 3.2 Activities relating to the work of the Church 3.3 Church management and administration 3.4 Total resources used: Net (outgoing)/incoming resources Depreciation of tangible fixed assets: Charge for the year 4 Gains on investment assets Revaluation of freehold property Net movement in funds Balances brought forward at 1 January 2021 11-13 Inter-fund reallocation Balances carried forward at 31 December 2021 |
TOTAL TOTAL Unrestricted Restricted Endowment FUNDS FUNDS Funds Funds Funds 2021 2020 £ £ £ £ £ 86,468 1,000 - 87,468 96,694 549 - - 549 - 8,090 250 - 8,340 5,465 14,742 15,177 - 29,919 19,375 25,810 - - 25,810 29,869 |
|---|---|
| 135,659 16,427 - 152,086 151,403 |
|
| 2,482 - - 2,482 2,852 171 - - 171 - 127,424 - - 127,424 141,511 6,388 - - 6,388 6,488 |
|
| 136,465 - - 136,465 150,851 |
|
| (806) 16,427 - 15,621 552 (9,428) - - (9,428) (8,407) - 36,722 17,086 53,808 15,308 150,000 - - 150,000 - |
|
| 139,766 53,149 17,086 210,001 7,453 381,948 631,863 134,774 1,148,585 1,141,132 66,762 (67,733) 971 - - |
|
| 588,476 617,279 152,831 1,358,586 1,148,585 |
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BRIDLINGTON ST. MARY BALANCE SHEET AT 31 DECEMBER 2021
| Note Fixed assets: Tangible fixed assets 4 Investment assets-restoration fund 5 Investment assets-other funds 5 Investment property 6 Current assets: Stock 7 Debtors and prepayments 8 Bank current accounts 9 Bank short-term deposit accounts 9 Less current liabilities: Creditors: amounts due within one 10 year Net current assets TOTAL NET ASSETS REPRESENTED BY: Unrestricted funds 11 Restricted funds 12 Endowment funds 13 TOTAL FUNDS Signed by Mike Rawson, Treasurer |
TOTAL TOTAL Unrestricted Restricted Endowment FUNDS FUNDS Funds Funds Funds 2021 2020 £ £ £ £ £ 376,475 - - 376,475 226,403 - 444,736 - 444,736 408,014 - 720 146,785 147,505 130,419 115,000 - - 115,000 115,000 |
|---|---|
| 491,475 445,456 146,785 1,083,716 879,836 |
|
| 5,953 - - 5,953 5,436 15,757 - - 15,757 6,758 41,212 47,639 - 88,851 87,406 53,741 124,184 6,046 183,971 178,176 |
|
| 116,663 171,823 6,046 294,532 277,776 19,662 - - 19,662 9,027 |
|
| 97,001 171,823 6,046 274,870 268,749 |
|
| 588,476 617,279 152,831 1,358,586 1,148,585 |
|
| 588,476 - - 588,476 381,948 - 617,279 - 617,279 631,863 - - 152,831 152,831 134,774 |
|
| 588,476 617,279 152,831 1,358,586 1,148,585 |
|
| Approved by the Parochial Church Council and signed by the Chairman |
……………………………… ……………………………… Date: Date:
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BRIDLINGTON ST. MARY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2021
1. Accounting policies ( this note should be read in conjunction with notes 2 to 14 )
These financial statements have been prepared in accordance with the Church Accounting Regulations 1997 as amended by the Church Accounting ( Amendment ) Regulations 2001 together with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Strandard applicable in the UK and Republic of Ireland ( FRS 102 ) ( issued 16 July 2014 ) and with the Charities Act 2011.
These financial statements have been prepared under the historical cost convention with the exception of investment properties and certain tangible fixed assets, which are included at valuation, and investment assets which are included at market value.
General accounting policies as recommended under the Church Accounting Regulations 1997 to 2001 have been applied.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Office equipment - 15% on cost Fixtures and fittings - 15% on cost
Freehold property - revalued on a regular basis therefore no depreciation charged
Investment assets
Investment assets are shown in the balance sheet at market value.
Investment property
Investment property owned by the Parochial Church Council is held for its long-term investment potential. Investment property has been accounted for in accordance with SSAP19 as follows:
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(a) investment properties are revalued annually and the surplus or deficit on revaluation is added to or deducted from the relevant Fund.
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(b) no depreciation is provided in respect of leasehold investment properties where the unexpired lease term is in excess of 20 years
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(c) an external independent valuation is carried out every five years.
Stock
Stock is included at the lower of cost and net realisable value.
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THE PAROCHIAL CHURCH COUNCIL OF THE
ECCLESIASTICAL PARISH OF BRIDLINGTON ST. MARY NOTES TO THE FINANCIAL STATEMENTS ( continued )
| YEAR ENDED 31 DECEMBER 2021 2. Incoming resources Note 2.1 From donors: Planned giving:- Gift aid Income tax recoverable on gift aid giving Freewill offering envelopes not gift aided Open plate collections at all services Priory Friends Legacies Sundry donations and income 14 Income from votive candle stand 2.2 Other voluntary items: Fêtes and bazaars 2.3 Operating activities: Shop - gross takings Parish magazine - gross receipts Church hall lettings Organ receipts Income from concerts and events 2.4 Income from investments: Dividends and interest Net rental income receivable 2.5 Other ordinary incoming resources: Wedding and funeral fees, including organist |
TOTAL TOTAL Unrestricted Restricted Endowment FUNDS FUNDS funds funds funds 2021 2020 £ £ £ £ £ 43,737 - - 43,737 41,323 8,691 - - 8,691 9,409 4,618 - - 4,618 5,898 10,490 - - 10,490 15,671 - - - 212 5,000 - - 5,000 20,000 13,510 1,000 - 14,510 3,936 422 - - 422 245 |
|---|---|
| 86,468 1,000 - 87,468 96,694 |
|
| 549 - - 549 - |
|
| 549 - - 549 - |
|
| 5,192 - - 5,192 2,874 351 - - 351 984 330 - - 330 952 250 - 250 655 2,217 - - 2,217 - |
|
| 8,090 250 - 8,340 5,465 |
|
| - 15,177 - 15,177 8,762 14,742 - - 14,742 10,613 |
|
| 14,742 15,177 - 29,919 19,375 |
|
| 25,810 - - 25,810 29,869 |
|
| 25,810 - - 25,810 29,869 |
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| THE PAROCHIAL CHURCH COUNCIL OF THE | |||||
|---|---|---|---|---|---|
| ECCLESIASTICAL PARISH OF BRIDLINGTON ST. MARY | |||||
| NOTES TO THE FINANCIAL STATEMENTS ( continued ) | |||||
| YEAR ENDED 31 DECEMBER 2021 | TOTAL | TOTAL | |||
| Unrestricted | Restricted | Endowment | FUNDS | FUNDS | |
| funds | funds | funds | 2021 | 2020 | |
| 3. Resources used | £ | £ | £ | £ | £ |
| 3.1 Costs of generating funds: | |||||
| Church shop - purchases | 2,359 | - | - | 2,359 | 2,852 |
| Cost of freewill offering | |||||
| envelopes | 123 | - | - | 123 | - |
| 2,482 | - | - | 2,482 | 2,852 | |
| 3.2 Grants and charitable donations | 171 | - | - | 171 | - |
| 3.3 Activities relating to the work of the | |||||
| church: | |||||
| Ministry: | |||||
| Diocesan freewill offering | 50,004 | - | - | 50,004 | 70,000 |
| Clergy housing | - | 86 | |||
| Rector's expenses | 676 | - | - | 676 | 413 |
| YDBF fees re occasional offices | 10,000 | - | - | 10,000 | 16,228 |
| Church running expenses: | |||||
| Insurance | 10,396 | - | - | 10,396 | 11,291 |
| Light and heat | 18,705 | - | - | 18,705 | 17,111 |
| Cleaning and water rates | 65 | - | - | 65 | 460 |
| Minor repairs | 4,652 | - | - | 4,652 | 1,831 |
| Music, organ tuning | 1,548 | - | - | 1,548 | 1,507 |
| Choir expenses | 3,125 | - | - | 3,125 | 2,828 |
| Organists' fees and weddings | 19,743 | - | - | 19,743 | 12,886 |
| Upkeep of services | 463 | - | - | 463 | 481 |
| Churchyard upkeep | 560 | - | - | 560 | 967 |
| Cost of concerts and events | 2,344 | - | - | 2,344 | 763 |
| Church Rooms running expenses: | |||||
| Insurance | 1,424 | - | - | 1,424 | 236 |
| Light and heat | 2,471 | - | - | 2,471 | 1,326 |
| Repairs - hall,bungalow, | |||||
| 12 Scarborough Road | 28 | - | - | 28 | 1,314 |
| Sundry expenses | 1,220 | - | - | 1,220 | 1,015 |
| Bell repairs | - | - | - | - | 288 |
| Bell Tower | - | - | - | - | 480 |
| 127,424 | - | - | 127,424 | 141,511 |
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BRIDLINGTON ST. MARY NOTES TO THE FINANCIAL STATEMENTS ( continued ) YEAR ENDED 31 DECEMBER 2021
| YEAR ENDED 31 DECEMBER 2021 3.4_Church management and_ administration: Accountancy Bank service charges Office costs |
TOTAL TOTAL Unrestricted Restricted Endowment FUNDS FUNDS funds funds funds 2021 2020 £ £ £ £ £ 900 - - 900 950 567 - - 567 668 4,921 - - 4,921 4,870 |
|---|---|
| 6,388 - - 6,388 6,488 |
| 4. Tangible fixed assets COST OR VALUATION At 1 January 2021 Additions Disposals Revaluation At 31 December 2021 DEPRECIATION At 1 January 2021 Charge for the year Eliminated on disposal At 31 December 2021 NET BOOK VALUE At 31 December 2021 At 31 December 2020 |
Office Land and equipment buildings Fixtures TOTAL £ £ £ £ 7,471 200,000 62,850 270,321 - - 9,500 9,500 - - - - - 150,000 - 150,000 |
|---|---|
| 7,471 350,000 72,350 429,821 |
|
| 7,469 - 36,449 43,918 - - 9,428 9,428 - - - - |
|
| 7,469 - 45,877 53,346 |
|
| 2 350,000 26,473 376,475 |
|
| 2 200,000 26,401 226,403 |
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BRIDLINGTON ST. MARY NOTES TO THE FINANCIAL STATEMENTS ( continued ) YEAR ENDED 31 DECEMBER 2021
4. Tangible fixed assets ( continued )
The land and buildings comprise the Church Rooms, 19A Church Green, and a bungalow. The other property owned by the Parochial Church Council has been treated in the financial statements as an investment property as shown in note 6.
The property was valued on a fair market value basis as at 31 December 2021 by Ullyotts, Chartered Surveyors and Estate Agents, subject to the occupational tenancy of the bungalow.
5. Investment assets
Investments held specifically for the Restoration Appeal Fund are managed by Brewin Dolphin who submit quarterly reports. The market value of the assets at 31 December 2021 has been supplied by Brewin Dolphin and a full list of the investments may be inspected on application to the Treasurer. A list of all other investment assets held may also be inspected on application to the Treasurer.
| 6. Investment property | £ |
|---|---|
| At 1 January 2021 and 31 December 2021 | 115,000 |
The valuation was carried out in 2020 by the external valuers, Ullyotts, Chartered Surveyors and Estate Agents, based on an open market value on an existing use basis. The next external valuation is due at 31 December 2025.
7. Stock
| Stock of goods for resale | 2021 2020 £ £ 5,953 5,436 |
|---|---|
This represents the stock held in the church shop. The stock is recorded at cost, less any provision considered necessary for slow-moving stock.
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BRIDLINGTON ST. MARY NOTES TO THE FINANCIAL STATEMENTS ( continued ) YEAR ENDED 31 DECEMBER 2021
8. Debtors
| 8. Debtors | |
|---|---|
| Income tax recoverable Prepayments |
TOTAL TOTAL Unrestricted Restricted Endowment FUNDSFUNDS funds funds funds 2021 2020 £ £ £ £ £ 14,691 - - 14,691 6,000 1,066 - - 1,066 758 |
| 15,757 - - 15,757 6,758 |
9. Bank current accounts and short-term deposit accounts
Detailed schedules of the various bank accounts may be inspected on application to the Treasurer.
| 10. Creditors: amounts falling due within one year Accrued charges |
TOTAL TOTAL Unrestricted Restricted Endowment FUNDSFUNDS funds funds funds 2021 2020 £ £ £ £ £ 19,662 - - 19,662 9,027 |
|---|---|
| 19,662 - - 19,662 9,027 |
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BRIDLINGTON ST. MARY NOTES TO THE FINANCIAL STATEMENTS ( continued ) YEAR ENDED 31 DECEMBER 2021
11. Unrestricted Funds
Movements on the Unrestricted Funds were:
| Normal | |||||
|---|---|---|---|---|---|
| Balances | Incoming/ | Balances at | |||
| at 1 January | (outgoing) | 31 December | |||
| 2021 | resources | Depreciation | Revaluation | 2021 | |
| £ | £ | £ | £ | £ | |
| General Fund | 367,134 | 65,774 | (9,428) | 150,000 | 573,480 |
| Designated Fund - Sunday | |||||
| School and Other Repair | 14,814 | 182 | - | - | 14,996 |
| 381,948 | 65,956 | (9,428) | 150,000 | 588,476 |
The balance of the fund at 31 December 2021 is represented by the following assets less liabilities:
| Tangible fixed assets Investment property Shop stock net of any provision Debtors Bank balances and cash available for unrestricted use-current accounts Bank balances and cash available for unrestricted use-deposit accounts Creditors |
£ 376,475 115,000 5,953 15,757 41,212 53,741 (19,662) |
|---|---|
| 588,476 |
12. Restricted Funds
Movements on the Restricted Funds were:
| Priory and Organ Restoration Funds Fabric Repair Sundry small funds The balance of the fund at 31 December 2021 Investment assets Bank current accounts Bank short-term deposit accounts |
Balances at Incoming/ Change in 1 January (outgoing) market 2021 resources value £ £ £ 559,642 (10,889) 36,744 10,484 2,936 61,737 (43,375) 631,863 (51,328) 36,744 is represented by the following assets: |
Balances at 31 December 2021 £ 585,497 13,420 18,362 |
|---|---|---|
| 617,279 | ||
| £ 445,456 47,639 124,184 |
||
| 617,279 |
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BRIDLINGTON ST. MARY NOTES TO THE FINANCIAL STATEMENTS ( continued ) YEAR ENDED 31 DECEMBER 2021
13. Endowment Funds
Movements on the Endowment Funds were:
| 13. Endowment Funds Movements on the Endowment Funds were: |
|||||
|---|---|---|---|---|---|
| Balances at | Incoming/ | Change in | Balances at | ||
| 1 January | (outgoing) | market | 31 December | ||
| 2021 | resources | value | 2021 | ||
| £ | £ | £ | £ | ||
| General | 5,075 | 971 | 6,046 | ||
| Fabric | 129,436 | - | 17,087 | 146,523 | |
| Sundry Small Funds | 263 | - | - | 263 | |
| 134,774 | 971 | 17,087 | 152,832 | ||
| The balance of the fund at 31 December 2021 is represented by the following assets: | |||||
| £ | |||||
| Investment assets | 146,786 | ||||
| Bank short-term deposit accounts | 6,046 | ||||
| 152,832 | |||||
| 14. Sundry donations and income | 2021 | 2021 | 2020 | ||
| ( all unrestricted funds unless indicated otherwise ) | General | Restricted | |||
| £ | £ | £ | |||
| Donations | 11,457 | - | 675 | ||
| Other sundry income | 1,645 | - | 1,753 | ||
| Quiz nights | 258 | - | 447 | ||
| Drinks machine sales | 150 | - | 160 | ||
| Less: drinks machine costs | - | - | (89) | ||
| Cake stall | - | - | 301 | ||
| Hope Housing | - | - | 124 | ||
| Scripture Union | - | - | 55 | ||
| Website sales | - | - | 27 | ||
| Church restoration | - | - | 483 | ||
| Organ scholar fund donation | - | 1,000 | - | ||
| 13,510 | 1,000 | 3,936 |
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BRIDLINGTON ST. MARY SUMMARY OF FINANCIAL ACTIVITIES YEAR ENDED 31 DECEMBER 2021
INCOME AND EXPENDITURE:
| Total incoming resources Resources used Net (outgoing)/incoming resources Depreciation charge Gains relating to investments Revaluation surplus Net movement in funds Fund balances brought forward at 1 January 2021 Intra-fund reallocations Fund balances carried forward At 31 December 2021 |
TOTAL TOTAL Unrestricted Restricted Endowment FUNDS FUNDS Funds Funds Funds 2021 2020 £ £ £ £ £ 135,659 16,427 - 152,086 151,403 (136,465) - - (136,465) (150,851) |
|---|---|
| (806) 16,427 - 15,621 552 (9,428) - - (9,428) (8,407) - 36,722 17,086 53,808 15,308 150,000 - - 150,000 - |
|
| 139,766 53,149 17,086 210,001 7,453 381,948 631,863 134,774 1,148,585 1,141,132 66,762 (67,733) 971 - - |
|
| 588,476 617,279 152,831 1,358,586 1,148,585 |
Note: this page does not form part of the statutory accounts.
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