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2021-12-31-accounts

Walcot Parish, Bath

Annual Report of the Parochial Church Council for the Year Ended 31 December 2021

Registered charity number 1142099

Contents

Page
Trustees annual report 3-7
Independent examiners report 8
Statement of financial position 9
Balance sheet 10
Notes to the accounts 11-18

2

Trustees Annual Report

Administrative Information

St. Swithin’s Church is situated in The Paragon, Bath. It is part of the Diocese of Bath and Wells within the Church of England. The correspondence address is

Walcot Church Office, St.Swithin’s Church, The Paragon, Bath BA1 5LY.

The charity is registered with the Charity Commission and the registered charity number is 1142099.

PCC members who have served from 1[st] January 2021 until the date this report was approved are:

Rector: Revd Tim Gleghorn_[Chair]_
Curate Revd Fran Youings
Wardens: Paul Brewster (resigned 23 September 2021)
Rebecca Armstrong
Alastair Gibson (appointed 21 November 2021)
Elected
members
Dan Darwin (appointed 9 May 2021)
Melanie Wortham
Mike Banner
Shirley Fraser (resigned 1 September 2021)
Brenda Carter
Laura Gracey
Amanda Aston
Jane Brown (resigned 9 May 2021)
Catherine Harrison-Smith (appointed 9 May 2021)[PCC Secretary]
Independent Joshua Kingston BSc ACA
Examiner: Burton Sweet Limited, Chartered Accountants
The Clock Tower
5 Farleigh Court
Old Weston Road
Flax Bourton
Bristol
BS48 1UR
Bankers: National Westminster Bank Plc
Website: www.stswithinswalcot.org.uk

3

Structure, governance, and management

The Parochial Church Council is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure.

The appointment of PCC members is governed by and set out in the Church Representation Rules. The PCC is chaired by the Rector, and in their absence the Vice Chair. The PCC has adopted a policy of having no employees in its membership.

The PCC acts as managing trustee for the following charitable trusts:

In addition, the PCC has the right to nominate two Foundation governors to the governing body of St Andrews Church School. A member of the PCC also acts as Trustee for Christchurch, a ‘free’ Church of England church within Walcot Parish.

The PCC does not have a formal induction process for new members. Responsibility for key areas, such as health and safety, disability discrimination and child protection, is devolved to specific members and to sub-committees. Members are encouraged to attend relevant training courses, such as those organised by the Diocese of Bath and Wells, on an ad hoc basis, and to keep up to date with relevant legislation in their area of responsibility. Every trustee has completed the Church of England Safeguarding Awareness and Foundation training courses.

The PCC meets, on average six times a year. Decisions are made on a simple majority basis. The standing committee carries out the routine work of the PCC between each meeting, and for taking emergency action on behalf of the PCC on any matters requiring immediate attention. It comprises the two churchwardens, the treasurer, the PCC secretary (or in their absence an elected member of the PCC) and the Incumbent.

The PCC has policies in place to deal with major risks that it is perceived to be exposed to, namely health and safety, and child protection. These are reviewed as standing items at every PCC meeting, and procedures are in place to deal with issues arising. The PCC have appointed Wendy Judd as volunteer Safeguarding Officer.

Objectives and activities

The aim of the PCC is to co-operate with the minister in promoting in the Parish the whole mission of the Church, pastoral, evangelistic, social, and ecumenical.

Church members are involved in a wide range of activities aimed at delivering our objectives and purpose statement. Among these is regular worship on Sunday and mid-week at St Swithin’s Church, Sunday morning children’s groups, mid-week and Sunday youth groups, mid-week life groups and men’s and women’s groups.

Achievements and performance

Future vision

The working group led by our Church Warden, Paul Brewster reported back to the Church in the first half of 2021 and the key initiatives and work-streams were presented at the Church Away Day in September 2021 with the opportunity for church members to discuss and develop the plan. The workstreams forming part of our mission and ministry vision are:

4

Leaders have been appointed to each workstream and are developing recommendations that will enable the church to plan how to effectively use its resources to support these areas. Each workstream regularly reports back to the PCC and is working to develop initiatives and projects that will be implemented by the end of 2022. Paul Brewster moved away from Bath in September 2021 and has handed on his role in the working group to Alastair Gibson who was appointed Church Warden in November 2021.

Staff team

There has been significant change in the staff team in the last quarter of 2021. The Operations Manager left in September 2021 and the Youth and Community Worker left in November 2021. Two volunteers joined the staff team on a short-term basis to cover the Operations Manager role and support the increase in letting activity as Covid-19 restrictions were eased. The PCC agreed to advertise the Operations Manager and Youth Worker roles and a new role for a Children’s and Families Worker. A part-time Operations Manager has been appointed and will start in March 2022. The other roles are still being advertised and plan to be filled over the coming months.

Impact of Covid-19 pandemic restrictions

The activities of the Church continued to be impacted by the Covid-19 pandemic restrictions throughout 2021. Church services were held in person alongside live-streaming and creative use was made of the gardens around the Church to host services, children’s activities, and community events.

The PCC agreed part-time furlough for two employees until the end of July 2021. These employees returned to full-time employment in August 2021 as restrictions were eased and some activities were able to resume. Building lettings which had stopped in March 2020 resumed in September 2021 with a significant increase in enquiries and bookings for events that had been postponed or cancelled in the previous 18 months. The forward bookings for 2022 have returned to levels previously seen in 2019. There are currently no plans to re-open the café for trading.

St Andrews School continued to identify families that would benefit from financial support. Following an appeal to the Church membership we were able to provide food vouchers which were distributed to families in need by the school leadership.

Financial Review

The PCC has prepared the 2021 accounts on the accruals basis. Unrestricted Funds show a net deficit in the year of £2,045 before gain in investments.

At the end of the year the unrestricted funds totalled £257,329 of which £238,329 are ordinary unrestricted funds, £19,000 has been designated as a Building Maintenance Fund by the PCC.

At 31 December 2021 the unrestricted funds are made up of £133,484 of bank and short-term deposits, tangible fixed assets of £4.865, debtors largely Gift Aid recoverable of £77,348, CBF Investment Shares valued at £48,942 net of short-term creditors of £7,310.

Restricted Funds

The Building Fund which is available for the maintenance of St Swithins Church has a balance of £3,670 after income in the year of £4,027 and expenses of £3,002 largely on electrical remedial works.

A new fund to employ a Worship Pastor was created in 2016. At the end of 2021 the fund has been fully utilised and the Worship Pastor role will be funded from unrestricted funds going forward.

Half of one legacy received in 2019 is restricted to support overseas missionary activities, there have been no expenses in 2021 and the balance in this fund remains as £13,881.

Endowment Funds

5

The balance of £9,051 at the end of the year represents the endowed Monument Funds.

Implications of COVID 19 related control measures

As a result of the COVID 19 related control measures that were implemented in March 2020 there have been several impacts on the income and expenditure of the organisation. The closure of the Church café has reduced income and implementing COVID 19 compliant services and buildings has increased costs. Letting income has gradually increased since July 2021 and future bookings for 2022 suggest a return to levels of income seen before the COVID 19 impact. The trustees continued to regularly review financial forecasts and taken steps to reduce costs through reduction in staff hours, using the government funded furlough scheme and challenging building running costs. There has been some impact in Regular giving from Church members.

The trustees have met more regularly throughout the year and forecasts and future budgets have been updated as circumstances have changed through the year.

Plans for future periods

Future vision

The development of the future vision workstreams will continue through 2022 and will be presented back to the PCC for decisions on allocation of resources to deliver the projects and initiatives. It is expected that this will also include the allocation of legacies received in 2019 towards the delivery of the initiatives.

Staff

Following the appointment of a new Operations Manager there is an opportunity to review roles and responsibilities across the staff team and identify improvements to systems and technology that would make the administrative tasks more efficient. Appointing a new Children and Families Worker and a Youth Worker will remain a priority in 2022.

Partnerships

We remain committed to working in partnership with local communities and organisations. We will continue to strengthen the connections between St Andrew’s School and the Church through providing spiritual, pastoral, and practical support to the school leadership, the children, and their families.

Reserves policy

The PCC has a policy of maintaining a minimum balance in General funds of £25,000 to cover emergency situations that may arise from time to time. At the end of 2021 the total funds are £283,931 of which £252,329 are free reserves available for PCC general use. Of this £133,484 is held in bank and short-term deposits. These free reserves include £183,854 of legacies received in 2019. The PCC have agreed to designate the legacies and surplus free reserves to fund new projects that emerge from the Future Vision strategy started in 2021.

It is our policy to invest cash balances that are not required to fund current working capital requirements with the CBF Church of England Deposit Funds. In addition, we have funds invested in CBF Investment Fund Income Shares to generate annual dividend income.

Statement of trustees’ responsibilities

The trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that period. In preparing these financial statements, the trustees are required to:

6

The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed/constitution. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the Trustees on 2022 and signed on their behalf by: 31st March

Rev Tim Gleghorn Rector

7

Independent examiner’s report to the trustees of Walcot PCC

I report to the trustees on my examination of the accounts of Walcot PCC (the Charity) for the year ended 31 December 2021.

Responsibilities and basis of report

As the charity trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the Charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Charity as required by section 130 of the Act; or 2. the accounts do not accord with those records; or

  2. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Joshua Kingston BSc ACA Burton Sweet Limited, Chartered Accountants The Clock Tower 5 Farleigh Court Old Weston Road Flax Bourton Bristol BS48 1UR

31st March 2022 Date: …………………………

8

WALCOT PAROCHIAL CHURCH COUNCIL

STATEMENT OF FINANCIAL ACTIVITIES

For the year ended 31 December 2021

Notes
INCOME AND ENDOWMENTS FROM:
Donations
2a, 14a
Investments
2b, 14b
Church activities
2c, 14c
TOTAL INCOME
EXPENDITURE ON:
Church activities:
Donations and grants to charities
3
Parish Share
Clergy and staffing costs
Building running and maintenance costs
Café and letting running costs
Fees paid to Diocese
Ministry and administration
Other
Governance
TOTAL EXPENDITURE
NET GAINS/ (LOSSES) ON INVESTMENTS
6
Total funds bought forward
9,12
Total funds carried forward
9
NET INCOME/(EXPENDITURE) BEFORE INVESTMENT
GAINS
NET INCOME/(EXPENDITURE) AND NET MOVEMENT
IN FUNDS		 Unrestricted
Restricted
Endowment
TOTAL
TOTAL
funds
funds
funds
2021
2020
£
£
£
£
£
162,595
-
-
162,595
171,528
1,587
4,027
-
5,614
5,885
11,083
-
-
11,083
10,138
175,265
4,027
-
179,292
187,551
12,380
-
-
12,380
13,480
82,865
-
-
82,865
78,189
43,724
10,134
-
53,858
74,885
19,889
3,002
-
22,891
10,971
1,233
-
-
1,233
12,118
598
-
-
598
386
11,241
-
-
11,241
12,269
4,228
-
-
4,228
2,788
1,152
-
-
1,152
1,098
177,310
13,136
-
190,446
206,184
(2,045)
(9,109)
-
(11,154)
(18,633)
6,210
-
-
6,210
2,670
4,165
(9,109)
-
(4,944)
(15,963)
253,164
26,660
9,051
288,875
304,838
257,329
17,551
9,051
283,931
288,875

The charity has no recognised gains or losses other than the results for the year set out above. All the activities of the charity are classed as continuing. See note 11 for fund accounting comparative figures.

The notes on pages 11 to 18 form part of these accounts

9

WALCOT PAROCHIAL CHURCH COUNCIL BALANCE SHEET AT 31 DECEMBER 2021

Notes
FIXED ASSETS
Tangible fixed assets
5
Investments
6
CURRENT ASSETS
Debtors and prepayments
7
Short term deposits
Cash and bank
LIABILITIES
Creditors - amounts falling due within one year
8
NET CURRENT ASSETS/(LIABILITIES)
TOTAL NET ASSETS
PARISH FUNDS
10, 13
Unrestricted
Restricted
Endowment		 2021
£
4,865
48,942
53,807
77,348
46,199
113,887
237,434
(7,310)
230,124
283,931
257,329
17,551
9,051
283,931		 2020
£
6,081
42,732
48,813
76,648
40,925
132,765
250,338
(10,276)
240,062
288,875
253,164
26,660
9,051
288,875

Approved by the PCC on 2022 and signed on their behalf by: 31st March Rev. Tim Gleghorn (PCC Chairman)

The notes on pages 11 to 18 form part of these accounts

10

WALCOT PAROCHIAL CHURCH COUNCIL NOTES TO THE ACCOUNTS

For the year ended 31 December 2021

1 Accounting policies

The PCC is a public benefit entity within the meaning of FRS102. The financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individual accounts of PCCs, and with the Regulations’ “true and fair view” provisions, together with FRS102 (as the applicable accounting standards and the Statement of Recommended Practice, Accounting and Reporting by Charities (SORP(FRS102)).

The charity meets the definition of a public benefit charity entity under FRS102.

There are no material uncertainties about the charity’s ability to continue as a going concern, despite the impact of Covid-19 related control measures. Whilst the Trustees expect these control measures to have a significant impact on the charity’s operations, income and expenditure in the coming months and years, the charity has sufficient reserves to be able to meet these challenges.

Donations

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

Income tax recoverable on Gift Aid donations is recognised when the donation is recognised.

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 probable.

Income from investments

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

Church activities

Rental income from the letting of church premises is recognised when it is receivable.

Expenditure

Grants

Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC.

Parish Share

The diocesan parish share is accounted for when due.

Pensions

The church operates a defined contribution pension scheme. Contributions are accounted for as they become payable in accordance with the rules of the scheme.

Assets

Consecrated and benefice property

In so far as consecrated and benefice property of any kind is excluded from the statutory definition of ‘charity’ by Section 10(2)(a) and (c) of the Charities Act 2011 such assets are not capitalised in the financial statements.

Tangible fixed assets for use by charity

These are capitalised if they can be used for more than one year, and cost at least £1,000. They are valued at cost or else, for gifts- in-kind, at a reasonable estimate of their open market value on receipt. Depreciation is calculated on a straight line basis over a 10 year asset life.

Investments

Investments quoted on a recognised stock exchange or whose value derives from them are valued at market value at the year end. Other investment assets are included at PCC’s best estimate of market value.

Debtors

Debtors are recorded at the cash value expected to be received.

Short term deposits

These are the cash held on deposit for longer term reserves either in CCLA Deposit Accounts or in Commercial bank accounts.

11

WALCOT PAROCHIAL CHURCH COUNCIL NOTES TO THE ACCOUNTS

For the year ended 31 December 2021

1 Accounting policies ( continued )

Cash and Bank

Bank balances in commercial bank accounts adjusted for uncleared receipts or payments. These balances are used for the day to day running of the Charity.

Liabilities

Creditors are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.

Funds

Unrestricted Funds

These represent the remaining income funds of the PCC that are available for spending on the general purposes of the PCC, including amounts designated by the PCC for fixed assets for its own use or for spending on a future project and which are therefore not included in its ‘free reserves’ as disclosed in the trustees’ report.

Restricted Funds

These are income funds that must be spent on restricted purposes and details of the funds held and restrictions provided are shown in the notes to the accounts.

Endowment Funds

These are restricted funds that must be retained as trust capital either permanently or subject to a discretionary power to spend capital as income, and where the use of any income or other benefit derived from the capital may be restricted or unrestricted. Full details of all their restrictions are shown in the notes to the accounts.

2 Income from:

a
Donations
Planned giving
One-off gifts
Gift Aid recovered
Collections
Grant income
Other voluntary income
b
Income from investments
Dividends
Interest
c
Church activities
Café income
Letting of Church buildings
Parish Weekend
Fees paid to the PCC
Other income		 Unrestricted
Restricted
Endowment
TOTAL
TOTAL
funds
funds
funds
2021
2020
£
£
£
£
£
100,607
-
-
100,607
108,016
8,828
-
-
8,828
19,052
23,718
-
-
23,718
27,618
1,750
-
-
1,750
4,075
26,537
-
-
26,537
12,767
1,155
-
-
1,155
-
162,595
-
-
162,595
171,528
1,515
4,008
-
5,523
5,341
72
19
-
91
544
1,587
4,027
-
5,614
5,885
-
-
-
-
3,789
9,473
-
-
9,473
4,065
-
-
-
-
300
1,446
-
-
1,446
1,233
164
-
-
164
751
11,083
-
-
11,083
10,138

Donations received from PCC members and related parties were £37,947 (2020 £45,324)

12

WALCOT PAROCHIAL CHURCH COUNCIL NOTES TO THE ACCOUNTS

For the year ended 31 December 2021

3 Donations and grants to charities

The PCC has a policy of making grants to Christian missionary organisations and charities. The grants and pledges are analysed below:

Churches Ministry among Jewish People
Crosslinks
OMF
Church Mission Society
Tearfund
Wycliffe Bible Translators
Children's Homes in India Trust
The Warehouse
Grants to individuals
Genesis Trust
4
Staff costs
Wages and salaries
Social Security costs
Pension contribution
Average number of employees (headcount)		 2021
2020
£
£
1,200
1,200
500
1,200
1,740
1,740
1,740
1,840
1,200
1,300
1,200
1,200
1,200
1,300
1,200
1,300
1,200
1,200
1,200
1,200
12,380
13,480
2021
2020
£
£
52,078
71,397
1,069
1,988
2,166
6,352
55,313
79,737
3
3

No employee has received emoluments above £60,000 during 2021 (2020 £nil). The PCC makes a 10% employers contribution to a defined contribution pension scheme for 3 employees (3 employees 2020).

The PCC consider themselves to be the key management personnel of the charity. No benefits were paid to key management personnel of the charity during the year (2020 £nil).

No trustee received renumeration during the year (2020 £nil). Trustees were reimbursed for £2,364 of expenses (2020 £2,619).

13

WALCOT PAROCHIAL CHURCH COUNCIL NOTES TO THE ACCOUNTS

For the year ended 31 December 2021

Fixed Assets
Cost
At 1 January 2021 and 31 December 2021
Depreciation
At 1 January 2021
Depreciation
At 31 December 2021
Net book value
At 1 January 2021
At 31 December 2021		 Fixtures,
fittings and
equipment
£
13,342
7,261
1,216
8,477
6,081
4,865

5 Fixed Assets

6 Investments

Opening Market value
Net gain on revaluation
Closing Market value		 2021
2020
£
£
42,732 40,062
6,210
2,670
48,942 42,732

Investments are held in the UK. Unrestricted Funds are held as shares in the CBF Investment Fund.

7 Debtors

Tax recoverable
Letting income
Other debtors
Creditors - amounts falling due within one year
Accruals		 2021
2020
£
£
76,181 73,528
497 -
670 3,120
77,348 76,648
2021
2020
£
£
7,310 10,276
7,310 10,276

8 Creditors - amounts falling due within one year

14

WALCOT PAROCHIAL CHURCH COUNCIL NOTES TO THE ACCOUNTS

For the year ended 31 December 2021

9 Movement in funds

Unrestricted
PCC general Fund
Buildings maintenance designated fund
Restricted
Worship Pastor
Overseas Mission
St Swithins Building Fund
Endowment
Monument Fund
Total Funds		 Bal b/fwd
Income
Expenditure
Bal c/fwd
1/1/21
& gains
& losses
Transfer
31/12/21
£
£
£
£
£
234,164
181,475
(177,310)
-
238,329
19,000
-
-
-
19,000
253,164
181,475
(177,310)
-
257,329
10,134
-
(10,134)
-
-
13,881
-
-
-
13,881
2,645
4,027
(3,002)
-
3,670
26,660
4,027
(13,136)
-
17,551
9,051
-
-
-
9,051
288,875
185,502
(190,446)
-
283,931

The PCC has designated funds from ordinary unrestricted funds, the Building Maintenance fund, to meet future planned maintenance costs for St Swithins Church.

The Worship Pastor fund represents restricted donations from appeals to fund the employment of the Worship Pastor. The Overseas Mission fund represents a restricted legacy that must be used to support Overseas Mission activities.

The St Swithin's Building fund represents the dividend and investment income from the Monument funds which after satisfying requirement to repair certain graves and monuments can only be used to fund the repairs and maintenance of St Swithins Church

The Monument Fund represents the permanent endowment for maintenance of certain graves and monuments located in the closed cemetery at Lansdown. The income from the endowment is available to fund repairs and maintenance of St Swithins Church to the extent that the designated graves have been kept in a reasonable condition of repair.

10 Summary of assets by fund

Tangible fixed assets
Investment fixed assets
Current assets
Debtors and prepayments
Short term deposits
Cash and bank
Liabilities
Amounts falling due in one year		 Unrestricted
Restricted
Endowment
Funds
Funds
Funds
Total
£
£
£
£
4,865
-
-
4,865
48,942
-
-
48,942
77,348
-
-
77,348
37,148
-
9,051
46,199
96,336
17,551
-
113,887
(7,310)
-
-
(7,310)
257,329
17,551
9,051
283,931

15

WALCOT PAROCHIAL CHURCH COUNCIL NOTES TO THE ACCOUNTS

For the year ended 31 December 2021

11 Prior period SOFA

INCOME AND ENDOWMENTS FROM:
Donations
Income from investments
Church activities
TOTAL INCOME
EXPENDITURE ON:
Church activities:
Donations and grants to charities
Parish Share
Clergy and staffing costs
Building running and maintenance costs
Café and letting running costs
Fees paid to Diocese
Ministry and administration
Other
Governance
TOTAL EXPENDITURE
NET GAINS/ (LOSSES) ON INVESTMENTS
Total funds bought forward
Total funds carried forward
NET INCOME/(EXPENDITURE) BEFORE INVESTMENT GAINS
NET INCOME/(EXPENDITURE) AND NET MOVEMENT IN FUNDS		 Unrestricted
Restricted
Endowment
TOTAL
funds
funds
funds
2020
£
£
£
£
171,528
-
-
171,528
1,891
3,994
-
5,885
10,138
-
-
10,138
183,557
3,994
-
187,551
13,480
-
-
13,480
78,189
-
-
78,189
59,483
15,402
-
74,885
9,711
1,260
-
10,971
12,118
-
-
12,118
386
-
-
386
12,269
-
-
12,269
2,788
-
-
2,788
1,098
-
-
1,098
189,522
16,662
-
206,184
(5,965)
(12,668)
-
(18,633)
2,670
-
-
2,670
(3,295)
(12,668)
-
(15,963)
256,459
39,328
9,051
304,838
253,164
26,660
9,051
288,875

16

WALCOT PAROCHIAL CHURCH COUNCIL NOTES TO THE ACCOUNTS

For the year ended 31 December 2021

12 Prior year movement in funds

Unrestricted
PCC general Fund
Buildings maintenance designated fund
Restricted
Worship Pastor
Overseas Mission
St Johns Foundation - Gateway
St Swithins Building Fund
Endowment
Monument Fund
Total Funds
13 Prior year summary of assets by fund
Tangible fixed assets
Investment fixed assets
Current assets
Debtors and prepayments
Short term deposits
Cash and bank
Liabilities
Amounts falling due in one year		 Bal b/fwd
Income
Expenditure
Bal c/fwd
1/1/20
& gains
& losses
Transfer
31/12/20
£
£
£
£
£
237,459
186,227
(189,522)
-
234,164
19,000
-
-
-
19,000
256,459
186,227
(189,522)
-
253,164
20,134
-
(10,000)
-
10,134
13,881
-
-
-
13,881
5,402
-
(5,402)
-
-
(89)
3,994
(1,260)
-
2,645
39,328
3,994
(16,662)
-
26,660
9,051
-
-
-
9,051
304,838
190,221
(206,184)
-
288,875
Unrestricted
Restricted
Endowment
Funds
Funds
Funds
Total
£
£
£
£
6,081
-
-
6,081
42,732
-
-
42,732
76,648
-
-
76,648
31,874
-
9,051
40,925
106,105
26,660
-
132,765
(10,276)
-
-
(10,276)
253,164
26,660
9,051
288,875

17

WALCOT PAROCHIAL CHURCH COUNCIL NOTES TO THE ACCOUNTS

For the year ended 31 December 2021

14 Prior year - Note 2 Income from:

a
Donations
Planned giving
One-off gifts
Gift Aid recovered
Collections
Grant income
Other voluntary income
Legacies
b
Income from investments
Dividends
Interest
c
Church activities
Café income
Letting of Church buildings
Parish Weekend
Fees paid to the PCC
Other income		 Unrestricted
Restricted
Endowment
TOTAL
funds
funds
funds
2020
£
£
£
£
108,016
-
-
108,016
19,052
-
-
19,052
27,618
-
-
27,618
4,075
-
-
4,075
12,767
-
-
12,767
-
-
-
-
-
-
-
-
171,528
-
-
171,528
1,469
3,872
-
5,341
422
122
-
544
1,891
3,994
-
5,885
3,789
-
-
3,789
4,065
-
-
4,065
300
-
-
300
1,233
-
-
1,233
751
-
-
751
10,138
-
-
10,138

18