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2021-12-31-accounts

St Philip's Church,

Cambridge

Annual Report for the year to Dec 2021

Contents:
PCC – Decisions p1
Financial* p2
Deanery Synod p4
Centre Management p4
Ministry and Mission p5
Cornerstone Café p5
Safeguarding p5
Wardens p6

*2021 Accounts attached as appendix

ST PHILIP’S PCC 2021 - DECISIONS

Lucy Sixsmith (PCC Secretary)

Key Decisions of St Philip’s PCC 2021 In 2021 the PCC navigated some significant challenges for the Church: first, the Covid-19 lockdown; then, gradually adjusting to in-person meetings; and, at the same time, working towards Stewart’s retirement, an interregnum, and the process of appointing a new Vicar.

In the early months of the year, the PCC supported its subcommittees in responding to the national lockdown. The Ministry and Mission Committee reported on the encouraging success of Zoom services for many members of the congregation, and the ongoing work of the Pastoral Care Team. The Centre Management Committee reported on hiring and staff furlough. In the summer, the Church met for Sunday morning services in-person, outdoors, at St. Philip’s School. This was

Annual Report for 2021

St Philip's Church, Cambridge

Page 1

followed in the autumn by a return to services in the Church building, with social distancing and masking guidelines in place.

In May 2021, the PCC met with Archdeacon Alex Hughes and Graham Archer from CPAS to begin thinking about the intrregnum and recruitment process. Michael, Bea and Chris were delegated to begin a process of discussion, interviews and drafting material for our Parish Profile. The PCC contributed reflections individually and discussed the Profile together during the drafting stages. The PCC agreed to arrange prayer times for the Church to pray over the recruitment process. By December the Parish Profile and advertisement were ready, and Chris and Bea were appointed as Parish Representatives.

At the APCM in April 2021

In March 2021, Neil Summers notified the PCC that he would need to step down as Treasurer. Anke Friedrich was willing to take over but preferred not to sit on the PCC. Following a period of training and handover, Anke took over fully by the autumn.

In February 2021, the PCC agreed a newly drafted Terms of Reference.

In each meeting, safeguarding issues were discussed. The PCC became aware of needing to catch up with safeguarding documentation and training, and that process is ongoing in early 2022.

FINANCIAL AFFAIRS AND ACTIVITIES

Jim Griffiths (Finance Officer)

Members Giving

The level of Members Giving in 2021 totalled £98k, which was a similar figure to 2020; this total was however very encouraging because 2020 benefitted from several large on-off gifts and it seemed unlikely that we would achieve a similar level of giving in 2021.

Within the overall giving total, we recovered £15k in Income Tax due to members gift aiding their gifts, this was again a very similar figure to 2020.

Several people left the church in 2021 including some who were substantial givers, therefore we may find it hard to maintain the same overall level of giving in 2022 and our budget assumes that giving will reduce a little.

Grateful thanks to all those who give generously and sacrificially to enable the work of the church to continue.

Mission and Good Causes

Our mission support continued with 10% of undesignated income being given from PCC funds to a variety of home and overseas mission partners, amounting to £7.4k. In addition to the PCC giving, individual members ‘earmarked’ gifts of more than £3.5k, that was directed to our partner mission organisations and other good causes. Members also gave generously to provide gifts to departing clergy.

Annual Report for 2021

St Philip's Church, Cambridge

Page 2

Job Retention Scheme

Since the first lockdown in March 2020 and the impact on the Centre and Café operations, we have taken advantage of the Government Job Retention (Furlough) Scheme to allow us to continue paying staff salaries whilst safeguarding our finances. In 2021 we claimed a total of £16k under this scheme, following £29k claimed in 2020.

Rent and Hire of Buildings

In 2021 we saw a partial recovery of revenues from room hire, reaching a total of £30k which is about two thirds of our annual average, pre lockdown, and much improved from the £19k that we generated in 2020. We are hopeful that 2022 will see further improvement in the level of Room Hire and we must express our grateful thanks to Rosemary, our Operations Manager, for all her hard work in another difficult year.

During the year we agreed a new 3-year lease agreement with Jimmys for Melbourne House, Stourbridge Grove, and the annual rent now amounts to over £15k.

Café

Again, the Café was significantly impacted by COVID-19, but less so than in 2020. The café managed 140 days of opening in 2021 compared to 99 in 2020 and our target of 225 in a full year. Thanks to the hard work of Barry and our excellent team of volunteers, average daily revenue has increased steadily through the year, and this helped to reduce the net cost of running the cafe to about £3.5k, which is the lowest cost since we took over the running of the café from Papworth Trust in 2017.

Expenditure

Most categories of expenditure were within Budget allowances, but mostly this was due to reduced times of opening of the Church and Centre. Regular services did not re-commence until September, and I have already referred to the situation with Café and Roome Hire. Energy costs started to increase sharply late in the year, and this will be a major challenge in 2022 because the church will not be protected by the government’s energy price cap. Building Repairs and Maintenance costs were lower than Budget in 2021, but this is likely to rise sharply in 2022 as we start to bring our repairs programme more up to date, following Covid.

Summary

Covid continued to have a major impact in 2021, but once again our financial results have shown a marked improvement compared to our Budget forecast. A combination of continued generous giving by members, the availability of the Government’s Job Retention Scheme and better than expected Income from Café and Room Hire, enable the church to achieve a surplus in 2021 of around £14k - this seemed more than unlikely at the start of the year!

Overall, the church finances continue to be in good shape, and we have a very healthy Balance Sheet. Praise the Lord! that we are in a good position to fund the programme of activities agreed upon by the church leadership.

I cannot complete this Report without offering profound thanks and appreciation to Neil Summers who has now stepped down as Treasurer after 8 years in post. I have enjoyed working with Neil on the church finances and his diligence and skill will be greatly missed.

Anke Friedrich has now taken over as Treasurer and I’m sure you will all join me in first thanking her for stepping forward to take on this vitally important and demanding role, but also in giving her our full support as she finds her feet not only with the new role but also with a new Accounts software system named Liberty that replaces Sage.

I must also give special thanks to our Independent Reviewer, Mick Lumsden who has been carrying out our Review for almost 30 years. Mick now lives in the Netherlands, so this year the whole Review process had to take place via Zoom meetings and email exchanges. We are so grateful that Mick is willing to continue for the moment despite having a new life in Enschede, Netherlands

Annual Report for 2021

St Philip's Church, Cambridge

Page 3

DEANERY SYNOD

Roy Bradfield and Andrew Stannard (Lay representatives)

St. Philip's Church of England Church falls under the remit of the Cambridge South Deanery. Each Deanery has a Deanery Synod, consisting of both Clergy and Lay representatives and is jointly chaired by the Rural Dean and the Lay Chair.

Two meetings were held during 2021 and matters arising included:

Once again, an interesting variety of topics.

CENTRE MANAGEMENT COMMITTEE

Martin Clark (CMC Chair)

It’s hard to remember back to the beginning of 2021 and the gloomy feeling of being stuck in a long lockdown. It was impossible to know how much activity there would be in the Centre, therefore how much income, and what resources we could spend on supporting it.

Despite the challenges, the Lord has helped us through, and we ended the year with respectable hiring figures including the sense of normality from having the Panto rehearsal back again. But by December there were warning signs about a new Covid variant and as we all remember it’s been tough since then.

Hirers have come and gone according to the changing government restrictions. Community arts and education, support groups and exercise have been able to run for parts of the year, with the second half seeing more of the dance and exercise groups back. The Church website has been generating more inquiries for hire too.

As reported elsewhere, to move from a forecast deficit for the year, to a small surplus, is again a great relief and blessing. However, we are aware of many fairly substantial maintenance issues with many items now over 10 years old, so have started a programme of planned maintenance, including getting to grips with the troublesome heating system (thanks Alan, Andy and Pete!).

Annual Report for 2021

St Philip's Church, Cambridge

Page 4

Our twin aim continues both serving the community and generating income.

Melbourne House has continued, supporting former homeless people with steppingstone accommodation supported by Jimmy’s Cambridge who are now paying a slightly higher rent, and undertook some refurbishment works. We thank David Brown, Robin Nelson and Jean Pierson for their quietly dedicated support of the residents.

Rosemary Barrett our Operations Manager has had her first full year with us and by the end of the year had so much demand on her that she moved up to 27 hours a week. She has worked really hard and we thank her for her efforts. Alan has re-joined the Committee and more recently taken over line management of Rosemary from Jim Griffiths. Many thanks to them both, as well as the other committee members Jane Batten, Robin Nelson, Bea Schlarb-Ridley, Andrew Stannard and Tom Yates.

MINISTRY AND MISSION

Chris Illingworth (Churchwarden)

Due to the interregnum the Committee has met less frequently in the previous year than would normally occur, with meetings in June and August of 2021.

Discussions at Committee focused on the move back to meeting in person, first in the playground of St. Philip's School, and in August restarting our 10.30am service in the Church building.

The decisions taken have seen us through the year; we continue to enjoy times of being physically together each Sunday, with appropriate precautions in place to stop virus transmission and protect those among us who are more vulnerable to infection.

CORNERSTONE CAFÉ

Barry Ginger (Chef Manager)

Since reopening in May 2021, after the last lockdown, the Café customer base has grown, so much so that the Café is now busier than before the pandemic.

There is a varied customer base from local residents, workmen working in the local area, and members of the public. They all blend well to create a warm and welcoming atmosphere.

There is a good mix of volunteers from within the Church and the local community.

SAFEGUARDING

Alan Syrop (Parish Safeguarding Officer)

Despite the pandemic and the consequent reduction in activities, safeguarding has remained a high priority for St. Philip's. Zoe Cheng was responsible for the ongoing contacts and communications with children and especially the young people. She worked with Storm first and then Tali, and from the summer a university student named Etienne Tracey who is able to provide a male role model who is closer in age to our youth. Because we did not know Etienne beforehand, we followed a comprehensive process before appointing him as a Youth Leader.

We are also aware of needing to rebuild various of our activities, so new leaders will go through the same selection and appointment steps.

Annual Report for 2021

St Philip's Church, Cambridge

Page 5

Stewart's retirement evidently left an important hole in our safeguarding resources, particularly in relation to vulnerable adults following Lindsey's departure in 2020. Phil's People had continued with Sophie Young's input, and in the last quarter, Catherine has taken on the responsibilities for it, including safeguarding. I have provided some assistance in addressing the identified gaps in our previous practice in this area which is ongoing.

Prior to Stewart's retirement, there was a full review of remaining cases where behavioural agreements had been put in place. We did this in conjunction with one of the Diocesan Safeguarding Advisors, Lisa Pearson, and are maintaining contact with her as any issues arise. I am grateful to Catherine, once again, for taking the lead in this continuing liaison.

We learnt in 2021 of the Church of England’s decision to require all DBS (criminal and Police records) checks to be renewed every 3 years from the previous 5 years. As it happens, almost all the PCC were checked in early 2019, so would be up for renewal at the start of 2022. However, we have since been advised by the Diocese that there is a 2-year transitional period allowed. We will be progressing these renewals in 2022. Similarly, the Church has now established an online training portal and a list of required modules for effectively all those working on behalf of the Church. To reinforce our safeguarding priority, we will require those volunteering in relevant areas to receive the training.

WARDENS' REPORT

Jane Batten (Church Warden)

Alan Syrop stepped down as Church Warden at the delayed APCM in October 2020, and at the APCM in April 2021 Chris Illingworth was elected Church Warden, and I was re-elected as Church Warden.

During 2021 the Wardens attended the Standing Committee meetings, focused their attention on Stewart’s departure and the start of the Interregnum, along with various HR matters including the departure of Michael (our cleaner) and Zoe (our Youth and Children’s Worker).

Sunday morning services took place outdoors in St. Philip’s School playground for a period over the Summer because of Covid-19 and Church Wardens assisted Alan with elements of this.

Alan Syrop and Rosemary Barrett (our Operations Manager) checked the Church Inventory in October 2020, but no check was undertaken during 2021, and this will now be undertaken in Spring 2022. Rosemary was present at the Quinquennial inspection during November 2020 which went well and there were no major issues found. The five-year fixed wiring and lightning conductor inspections are overdue and there were some small issues on the roof and external decoration. However, it has proved difficult to prioritise this work over other maintenance problems and to find contractors willing to quote. The CMC will address this in 2022.

The maintenance log is being kept up to date, and the CMC is working on an active maintenance plan led by Alan, including for the kitchen equipment which is now 10 years old. Rosemary has become more active in implementing health and safety systems with support, including fire safety with the impending audit in 2022.

Several areas have come to light that Stewart previously covered which Chris and I have tried to address where possible.

Annual Report for 2021

St Philip's Church, Cambridge

Page 6

PAROCHIAL CHURCH COUNCIL OF ST. PHILIP, CAMBRIDGE

STATEMENT OF ACCOUNTS

YEAR ENDED 31st DECEMBER 2021

Charity Registration Number:
VAT Registration Number:		 1142474
112485437		 1142474

TREASURER : ANKE FRIEDRICH (NEIL SUMMERS)

Accounts & Statements prepared by Jim Griffiths

Prepared in accordance with the Charities Act 1993 and the Church Accounting Regulations 1997 (as amended 2006)

ACCOUNTING POLICIES and DISCLOSURES

Basis of Financial Statements

The financial statements have been prepared under the Church Accounting Regulations 2006 in accordance with applicable accounting standards and the current statement of Recommended Practice Accounting and Reporting by Charities (SORP) 2005

The financial statements have been prepared under the historical cost convention except for investment assets, which are shown at market value. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their affiliation to another body, nor those that are informal gatherings of church members.

Fixed Assets

Under the Church Accounting Regulations there is no requirement to value Fixed Assets, and Consecrated Land is specifically excluded. The new St.Philip's Centre completed in June 2012, cost around £1.5M - However this cost is not capitalised in the accounts because the improvements were made to a consecrated church building that is not legally owned by the PCC.

In 2007, Clarence Melbourne a former church member, bequeathed a house and this is registered in the name of "The Parochial Church Council of the Parish of St.Philip, Cambridge". These accounts include the house at 6, Broxbourne Close, Cambridge, on the Balance Sheet at Net Valuation as estimated by Jim Griffiths. In February 2014 the church purchased 12, Stourbridge Grove, Cambridge - See Note 7

Annual Report

The regulations require an Annual Report which links and relates the Financial Statements to the aims, objectives and activities of the Church. The Annual Report is published separately to these financial statements but does contain a Review of the Financial Activities and Affairs for Year Ended 31st December 2021, extracted from these accounts.

Related Party Transactions

Derek and Margaret Rawlings are church members and they are also tenants (effectively life tenants) of 6, Broxbourne Close; they paid rent during the year totalling £5,409.87

RESTRICTIONS (see also Notes 4 and 5 to the Accounts)

Endowment Fund

The late Rev. A.G.L. Hunt (Vicar of St. Philips 1928-1963) specified in his Will that the Income arising from the Capital invested, must only be used for fitments, repairs and maintenance of Parish Buildings. The PCC has no control or rights regarding the Capital which is therefore excluded from these accounts..

Income Tax on Gift Aid

The accounts include an accrual for Income Tax which will be recoverable on all gift-aided gifts made during the year to 31st December 2021 in accordance with the accounting regulations.

VAT

In December 2011, the PCC 'opted to tax' the new Centre in order to recover some of the £250k VAT that was paid on the project. In 2012, HMRC accepted our VAT election and consequently VAT is being charged to hirers of the new church building subject to dispensations available where use is "solely" for charitable purposes. Following negotiations, HMRC have allowed the PCC to recover 40% (previously 25%) of the VAT input tax we have paid both on the building cost of the new Centre and also overheads going forward. The 40% recovery rate does not represent a Final agreement but is rather by way of an interim agreement subject to annual

re-assessment based on the " Capital Goods Scheme" . In essence this means that we will have to present HMRC with evidence to show the use of the building for "taxable supplies" i.e. How much of the time have we actually hired out the various parts of the building, with VAT applied to the hire & lease charge (Café takings since 2017) In January 2018, we presented arguments to HMRC for an increase in the recoverable VAT % in respect of the church building project and to date have claimed additional repayment of £26,670 . Although HMRC have paid our claims, they reserve the right to check our figures and arguments at a later date. We have deemed it prudent to hold back £5k of the repaid VAT, as a reserve to cover any future challenge by HMRC.

Accounts 2021 - Page 1

PAROCHIAL CHURCH COUNCIL OF ST. PHILIP, CAMBRIDGE

STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31st December 2021

INCOME

Unrestricted Restricted Endowment TOTAL FUNDS
NOTE Funds Funds Funds 2021 2020
Income from Members/Congreg. 1[a] £91,614 £6,035 £- £97,649 £97,066
Other Voluntary Income 1(b) £200 £- £2,431 £2,631 £4,794
Rents & Hire of Buildings 1[c] £91,509 £- £- £91,509 £55,848
Sundry Income 1[d] £19,052 £- £- £19,052 £33,445
TOTAL CHURCH INCOME £202,375 £6,035 £2,431 £210,841 £191,154
EXPENDITURE
Direct Church Activities 2[a] £132,339 £300 £- £132,639 £146,382
Buildings & Establishmenmt 2[b] £15,803 £- £2,431 £18,234 £20,415
Home & Overseas Mission 2[c] £7,527 £5,235 £- £12,762 £9,614
Church Management & Admin. 2[d] £32,989 £500 £- £33,489 £15,807
TOTAL CHURCH EXPENDITURE £188,658 £6,035 £2,431 £197,124 £192,218
NET MOVEMENT OF FUNDS £13,717 £- £- £13,717 -£1,064
Balances B/Fwd at 1st January 2021 £886,470 £6,062 £- £892,532 £893,596
Revaluation & Transfers of Funds at Dec 21 £53,062 -£6,062 £47,000 £-
BALANCES C/FWD at 31st Dec 2021 ** £953,249 -£0 £- £953,249 £892,532

Accounts 2021 - Page 2

PAROCHIAL CHURCH COUNCIL OF ST. PHILIP, CAMBRIDGE

BALANCE SHEET at 31st December 2021

FIXED ASSETS
(Note 7)
6, Broxbourne Close House at Dec 21 Valuation
12, Stourbridge Grove House at Dec 21 Valuation
CURRENT ASSETS
Debtors & Prepayments
£21,559
Café Food Stock
£952
Petty Cash - Office and Café
£2,806
Cash at Bank
(Note 3)
£139,954
£165,271
LESS CURRENT LIABILITIES
Creditors & Accruals
£17,022
NET CURRENT ASSETS
TOTAL ASSETS
FUNDS- UNRESTRICTED:
GENERAL FUNDS:
Revenue
Balance at 1st January 2021
£113,470
Surplus (Deficit) for Year
£13,717
Transferred from Mission Fund
£1,184
-£3,000
Capital
Valuation of Broxbourne/Stourbridge Jan 21
£760,000
Revaluations at Dec 2021
£45,000
Building Repairs Sinking Fund-
Café Equipment Fund
Depreciation allowed in Café Accounts
Designated for Pastoral Fund
Balance at 1st January 2021
£2,878
Transferred from Pastoral Emergencies Fund
£2,000
Total General Funds
RESTRICTED FUNDS
(Note 4)
Outreach & Mission Fund
Members Gift - Transferred to Unrestricted Fund
Pastoral Emergencies Fund
Members Gift - Transferred to Unrestricted Fund
TOTAL OF FUNDS
Transferred to Building Repairs Fund
Transferred in from General Fund [Incl £3k in 2021]		 £21,559
£952
£2,806
£139,954		 £425,000
£380,000		 2021
2020

£400,000

£805,000
£360,000
£760,000
£22,518
£-
£1,345
£124,351
£148,215
£15,683
£148,249
£132,532
£953,249
£892,532
£113,735
-£265
£-

£-
£113,470
£760,000

£930,371
£-
£760,000
£873,470
£16,000
£13,000
£2,000
£-
£3,677
£4,878
-£799
£2,878
£953,249
£889,348
£-
£1,184
£-
£2,000
£953,249
£892,532










£125,371


£805,000
£165,271
£17,022
£113,470
£13,717
£1,184
-£3,000
£760,000
£45,000

Accounts 2021 - Page 3

PAROCHIAL CHURCH COUNCIL OF ST. PHILIP, CAMBRIDGE

NOTES TO THE ACCOUNTS - 31st December 2021

NOTE 1 - INCOME

1[a]
1[b]
1[c]
1[d]		 Members Giving
Gift Aided Giving
Non Gift Aided Giving
Church Collections
Members Earmarked Giving
Other Donations
Other Voluntary Income
Parish Weekend Donations
Hunt Legacy Income
[Note 5]
Grants Received
Pastoral Gift
Rents & Hire of Buildings
Papworth T. - Café Lease Surrender Premium
Café Utilities/Insurance/Bins Contributions
St Philips Centre - Room Hire
Stourbridge Grove Rent
Broxbourne Close Rent
Café Takings
[Note 9]
Sundry Income
Weddings/Funeral Fees
Bank Interest
Feed in Tariff Payments
Furlough - Government Job Retention Scheme
TOTAL CHURCH INCOME
Income Tax on Gift Aid[see p.1]
Miscellaneous (incl. Groups contributions)		 Unrestricted
Funds
£50,552
£10,850
£489
£-
£14,743
£14,981
£91,614
£-
£-
£200
£200
£-
£4,733
£30,031
£14,235
£5,410
£37,100
£91,509
£640
£390
£1,729
£119
£16,174
£19,052		 Unrestricted
Funds
£50,552
£10,850
£489
£-
£14,743
£14,981
£91,614
£-
£-
£200
£200
£-
£4,733
£30,031
£14,235
£5,410
£37,100
£91,509
£640
£390
£1,729
£119
£16,174
£19,052		 Restricted
Funds
£6,035
£6,035
£-
£-
£-
£-		 Restricted
Funds
£6,035
£6,035
£-
£-
£-
£-		 Endowment
Funds
£-
£2,431
£2,431
£-
£-		 Endowment
Funds
£-
£2,431
£2,431
£-
£-		 Total Funds
2021
£50,552
£10,850
£489
£6,035
£14,743
£14,981
£97,649
£-
£2,431
£200
£-
£2,631
£-
£4,733
£30,031
£14,235
£5,410
£37,100
£91,509
£640
£390
£1,729
£119
£16,174
£19,052		 Total Funds 2020
£48,076
£12,115
£1,090
£2,090
£14,798
£18,898
£97,066
£-
£2,404
£2,000
£390
£4,794
£-
£1,300
£19,080
£11,895
£5,317
£18,256
£55,848
£431
£113
£1,910
£1,428
£29,563
£33,445
£202,375 £6,035 £2,431 £210,841
£191,154

Accounts 2021 - Page 4

PAROCHIAL CHURCH COUNCIL OF ST. PHILIP, CAMBRIDGE

NOTES TO THE ACCOUNTS - 31st December 2021

NOTE 2 - EXPENDITURE

2[a]
2[b]
2[c]
2[d]		 Activities
Ministry:
Parish Share
[Note 6]
Clergy Expenses
Outreach & Ministry Salaries
Subscriptions
Café Costs
[Note 9]
Young People Work
Pastoral Payments
Worship & Services
Refreshments
Outreach & Lookout Costs
Parish Weekend 2021 - Lost Deposit
Buildings
Insurance
Gas
Electricity
Water Rates
Cleaning Materials/Bin Collection
General Repairs & Maintenance
Church Centre Building Project
Costs re Broxbourne & Stourbridge Houses
Furniture & Fittings
Home & Overseas Mission (also Note 8)
Members Earmarked Giving
P.C.C. Giving:
Church Management & Administration
Office & Management Salaries
Staff Training
Software & Support
Telephone/Internet
Printing & Stationery
Church Website & Branding
Office Equipment
Church Times Vicar Advertisement
Miscellaneous
TOTAL CHURCH EXPENDITURE
Cleaning & Caretaking Wages		 Funds
£64,502
£1,283
£-
£757
£47,371
£17,044
£168
£156
£1,058
£-
£132,339
£2,024
£1,852
£5,267
£365
£866
£5,618
£990
-£2,168
£81
£909
£15,803
£-
£7,527
£7,527
£25,815
£-
£3,302
£801
£862
£318
£1,328
£499
£62
£32,989
£188,658		 Funds
£200
£100
£300
£-
£5,235
£5,235
£500
£500
£6,035		 Funds
£-
£2,431
£2,431
£-
£-
£2,431		 2021
2020
£64,502
£64,543
£1,283
£1,139
£-
£24,457
£757
£940
£47,371
£34,226
£17,244
£16,941
£-
£228
£268
£239
£156
£-
£1,058
£448
£-
£1,722
£132,639
£144,882
£2,024
£2,712
£1,852
£1,699
£5,267
£3,796
£365
£662
£866
£377
£5,618
£6,881
£3,421
£2,474
-£2,168
-£1,084
£81
£3,330
£909
£68
£18,234
£20,915
£5,235
£2,299
£7,527
£7,315
£12,762
£9,614
£25,815
£10,907
£3,302
£926
£801
£680
£862
£950
£318
£1,374
£1,328
£65
£999
£-
£62
£1,663
£33,489
£16,807
£197,124
£192,218		 2020
£64,543
£1,139
£24,457
£940
£34,226
£16,941
£228
£239
£-
£448
£1,722

Accounts 2021 - Page 5

PAROCHIAL CHURCH COUNCIL OF ST. PHILIP, CAMBRIDGE

NOTES TO THE ACCOUNTS - 31st December 2021

NOTE 3- Cash at Bank: Accounts
CAF Current Account
Barclays Current Account
Café TSB Business Account
Cambridge Building Society		 Dec-21
£50,860
£16,776
£18,109
£54,209
£139,954		 Dec-20
£39,703
£9,231
£21,532
£53,886
£124,351

NOTE 4 - Restricted Funds: as defined in the Church Accounting Regulations 1997(2006), are sums that have been restricted by the Donors or sums that have been raised for a specific purpose. (See also Accounting Policies)

Restricted Fund comprises the following:
Outreach & Mission Fund
Pastoral Emergencies Fund		 Dec-21
£-
£-
£-		 Dec-20
£1,184
£2,000
£3,184

The Outreach and Mission Fund arose from a gift of a church member and was to be used to fund new outreach activities. At December 2021 the original donor advised that the remaining balance in the Fund should be transferred to the General Fund. and thus no longer restricted.

The Pastoral Emergencies Fund was established by a Gift from a member in 2016.

At December 2021, the original donor advised that the balance in the Fund should be amalgamated with the Pastoral Fund that was set up and designated by the PCC.

NOTE 5 - Endowment Fund - Hunt Legacy

The normal policy is to use all annual income as an offset against our Repairs and Maintenance expenditure and thus there is no Fund to be carried forward. The PCC has no access to, or rights over, the Capital in the Hunt Bequest Fund, however we are advised from time to time of the value of the Investments, which at 31st December 2020 was £84,541.96

NOTE 6 - Parish Share

The Parish Share paid to the Cambridge Deanery in 2021 was £64,502 being the full amount assessed.

NOTE 7- Stourbridge Grove House

On 26th February 2014, the church completed the purchase of 12, Stourbridge Grove Cambridge for the sum of £287,607

In May 2014 the church entered into a 3 year lease with Jimmy's Cambridge, a charity providing emergency accommodation for people who would otherwise have to sleep rough. The house is used to provide "move on" accommodation for guests, generally for periods of about 6 months, as part of the process of helping residents to take control of their lives and regain confidence & self esteem.

Further 3 year agreements were contracted in May 2017, May 2020 & May 21

NOTE 9 - Cornerstone Café - See also Accounts for Café

The Cafe re-opened in May 2019 with one fulll time chef supported by a team of volunteers. For long periods in 2020 and 2021, the Café was closed due to the Covid 19 restrictions.

Accounts 2021 - Page 6

PAROCHIAL CHURCH COUNCIL OF ST. PHILIP, CAMBRIDGE

NOTES TO THE ACCOUNTS - 31st December 2021

NOTE 8 - Home & Overseas Mission

Home Mission
Romsey Mill
C.P.A.S.
Cambridge Y.F.C.
Overseas Mission
TEAR Fund
India Covid Appeal
Emmanuel International
Leprosy Mission
Langham Partnership
Other Giving
Cambridge Money Advice Centre
Street Pastors
Open the Book
GenR8
Gifts for departing Clergy
Total Church Giving
Friends International (Kairos Trust)
Wycliffe B.T. - Tim & Maggie Gaved		 P.C.C.
Funds
£1,000
£550
£300
£500
£2,350
£1,500
£650
£100
£700
£600
£500
£4,050
£300
£300
£100
£300
£127
£1,127
£7,527		 Other
Earmarked
Giving
£960
£-
£-
£2,500**
£3,460
£-
£155
£-
£-
£155
£-
£-
£-
£-
£1,620
£1,620
£5,235**

**For YFC Intern

Accounts 2021 - Page 7

Café Accounts for Year to 31st December 2021

INCOME
Daily Café Takings
Add: Invoices for Food & Drink to Room Hirers/Special Events
VAT included @ 20%
Net Sales Value
EXPENDITURE
Salaries
Staff Gratuities
Food & Consumable (Excluding Closing Stock)
Cleaning
Insurance
Waste/Bin Collection
Repairs
Coffee Machine Hire
Equipment Costs
Sundry Costs
Utility Costs as assessed
Depreciation/Equipment Replacement
Total Expenditure
Loss for Period
Effective Loss
Worldpay (Debit Cards)
Paymernts received under Government Furlough Scheme		 2021
£44,097
£423
£44,520
-£7,420
£37,100
£26,061
£-
£13,090
£155
£346
£300
£433
£259
£275
£452
£-
£4,000
£2,000
£47,371
£10,271
-£6,628
£3,643		 2020
21,793
114
£21,907
-£3,651
£18,256
£24,040
£-
£7,097
£292
-£12
£100
£200
£-
£550
£954
£5
£1,000
£-
£34,226
£15,970
-£8,850
£7,120

Accounts 2021 - Page 8

Ind• endent Exa I repjrt on Ihe acC￿ntO fur lh• ￿0T •nd•d 31st D￿￿ber2021 sèt •)ul ￿ pAges 1 b e. trustees ol ts chty, thg wwnberg d the PCC are reswth for the wep•rabon of the accwnts. They COn￿der that an audft 18 not requir•d for thiB Iw uThl0rs Secti￿ 144121 of the ChariY¢s kt 2011 and that an Indepetht Examtswtion w n•8ded. 1118 rny rgsptrnytdty to èxamine the a¢￿Unts unJer seclK)n 145 of the 2011 Act, • foll￿ the prrx¢dure8 ￿ dtrn li ts fAn•Ta D￿tkn8 tythe c￿nMI85￿mer1 SOCllon 14515llbl of the 2011 Act.. and Stste whether part￿u matters have C4Jffk9 ty my al￿. Audlt Il•qwlr•m•nt UThJer tho ChArni•B h4 charifw with 8 grots IncArn ofE50D,000 or l••• may choov to . have an ind•pndènt ex8min•bon In pe of ￿ audil unl￿9 Wi th8if gross assets exe••d £3.￿m and their grog8 Incom& •xc•ed¥ E2SO.C4)O. Al the told IrK¢rne aTrJ Gw Assets olthe chufth a weil wrthin the limits Awe. the PCC hA¥• clwn to hav• ￿ •xount• In•￿rth￿ ex￿￿•d. My examlnafjon CWlt•d wt 11 •ccord•nc• %•)th tr G•ner•l gN•n ty th• Ch•rty CommiBwon. An •X&min¥tK￿ Inclua•• 8 ol th• •e40unlry rtroTdB k•Fé ty tho Ch•rty and a comparison of th• ¥&ith tho#• rKcYds. 11 also Inc4udes corthnThJ arry unu•uo1 Items or disdo8ureg In the a￿Ount1 and s¢•king èxplwtsorA from yfA As Tru$lees eoncerfting gueh matt•r8. The Pfc¢edum undert•k•n do not pro¥thi ol tho WXIen￿ th¢ uld tse rwuirell in an aud. I do not eypr•88 an awjrt oplnbxt on tr Vifjw 9iv¢n by the a¢cwnts In oJnneLon wth my examhalhin. Ih) li• c(rfn• kn rny attention: 11) whtch m rnawnat48 c4uw tt in m#trt fequK•monts . to k•8p acwjntirrfi r•¢ordJ In 130 01 trk• 2011 Charltkn A¢i.' or 121 to whi¢h, In my op0￿n. att•ntion ahwhl b? to th•L* • under•tandlng of the x¢wnts to b• noc Mr. M.E. Lumsden KL g . Haarspiihoek 63 7546 KH Ervached• Netherlands