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CHRIST CHURCH NAILSEA PCC FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
STATEMENT OF ASSETS AND LIABILITIES
| MONETARY ASSETS AT 31 DEC Cash and bank balances: HSBC Current (less uncleared cheques) HSBC Deposit Scottish Widows Deposit Other investments (note 4) Other Church group's funds (various accounts) Per Receipts and Payments accounts Debtors: Arthur E Davey & Sons Ltd Tickenham re-charge December 2021 TOTAL MONETARY ASSETS CURRENT LIABILITIES OTHER INVESTMENTS OTHER ASSETS |
(See p8) ------------------------- (Reserve funds - see p9) ------------------------ General Other Pastoral Vestry Hall Maintenance Church Total Total Fund Church Fund & Signage Reserve Reordering 2021 2020 Groups Improvements (restricted) (restricted) (designated) (designated) (restricted & designated) £ £ £ £ £ £ £ £ 4588 0 0 0 0 0 4588 9641 10535 0 730 20000 0 4022 35287 13286 0 0 0 0 22299 2701 25000 25000 823 0 0 0 0 0 823 720 0 3002 0 0 0 0 3002 3110 |
|---|---|
| 15946 3002 730 20000 22299 6723 68699 51756 |
|
| 865 0 0 0 0 0 865 0 292 0 0 0 0 0 292 109 |
|
| 17103 3002 730 20000 22299 6723 69856 51865 |
|
| 0 0 0 0 0 0 0 0 |
|
| Nil - Moveable church furnishings as listed in the terrier and inventory (held by the church wardens on special trust for the PCC and which require a faculty for their disposal) |
- HM Revenue & Customs tax refund not yet claimed for the period 1 October 2021 to 31 December 2021
7
CHRIST CHURCH NAILSEA PCC
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
GENERAL FUND
RECEIPTS AND PAYMENTS ACCOUNT
| Note RECEIPTS Income from donors 2a Other voluntary income 2b Income from charitable and ancillary trading 2c Income from investments 2d Other ordinary income 2e Extraordinary income 2f TOTAL RECEIPTS PAYMENTS Direct charitable costs: Charitable donations 3a Ministry costs 3b Other expenditure: Church management & administration 3c TOTAL PAYMENTS NET SURPLUS / (DEFICIT) FOR THE YEAR BEFORE TRANSFERS NET TRANSFERS TO/FROM RESERVE ACCTS GAINS AND LOSSES ON INVESTMENTS NET (DEFICIT)/ SURPLUS AFTER TRANSFERS AND GAINS/(LOSSES) ON INVESTMENTS BANK AND CASH BALANCES BROUGHT FORWARD AT 1 JANUARY 2021 PREVIOUS YEAR ADJUSTMENT REVISED BALANCES BROUGHT FORWARD BANK AND CASH BALANCES CARRIED FORWARD AT 31 DECEMBER 2021 |
Unrestricted Designated Restricted Total Total funds funds funds 2021 2020 £ £ £ £ £ 75559 0 0 75559 78953 3932 1528 6849 12308 11323 10669 0 1901 12570 10219 26 0 21 47 72 3957 0 0 3957 3954 9262 20000 2000 31262 0 |
|---|---|
| 103405 21528 10771 135704 104520 |
|
| 17 0 5562 5578 4844 91483 982 6647 99112 97382 |
|
| 91499 982 12209 104690 102226 |
|
| 14173 0 0 14173 13744 |
|
| 14173 0 0 14173 13744 |
|
| 105672 982 12209 118863 1159716 |
|
| -2268 20546 -1438 16840 -11451 |
|
| 0 -20546 3548 -16997 297 103 0 0 103 44 |
|
| -2165 0 2110 -54 -11111 |
|
| 15521 0 480 16000 27072 0 0 0 0 39 |
|
| 15521 0 480 16000 27111 |
|
| 13356 0 2590 15946 16000 |
8
CHRIST CHURCH NAILSEA PCC
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
RESERVE FUNDS
| OTHER CHURCH GROUPS RECEIPTS AND PAYMENT ACCOUNT Receipts Income Transfer from general fund Payments Expenditure Transfer to general fund: Net surplus/deficit for the year Balance b/f at 1 January Balance c/f at 31 December PASTORAL FUND RECEIPTS AND PAYMENT ACCOUNT Receipts Income Transfer from general fund Payments Expenditure Transfer to general fund: Net surplus/deficit for the year Balance b/f at 1 January Balance c/f at 31 December VESTRY HALL AND SIGNAGE IMPROVEMENTS RECEIPTS AND PAYMENT ACCOUNT Receipts Income Transfer from general fund Payments Expenditure Transfer to general fund: Net surplus/deficit for the year Balance b/f at 1 January Balance c/f at 31 December MAINTENANCE RESERVE RECEIPTS AND PAYMENT ACCOUNT Receipts Income Transfer from general fund: Payments Expenditure Transfer to general fund: Net surplus/deficit for the year Balance b/f at 1 January Balance c/f at 31 December REORDERING OF CHURCH RECEIPTS AND PAYMENT ACCOUNT Receipts Income Transfer from general fund: Payments Expenditure Transfer to general fund: Net surplus/deficit for the year Balance b/f at 1 January Balance c/f at 31 December |
Unrestricted Designated Restricted Total Total funds funds funds 2021 2020 £ £ £ £ £ 0 0 1901 1901 1258 0 0 0 0 0 0 0 2009 2009 1853 0 0 0 0 0 0 0 -108 -108 -595 |
|---|---|
| 0 0 3110 3110 3705 |
|
| 0 0 3002 3002 3110 |
|
| Unrestricted Designated Restricted Total Total funds funds funds 2021 2020 £ £ £ £ £ 0 0 0 0 0 0 0 21 21 21 0 0 0 0 0 0 0 0 0 0 0 0 21 21 21 |
|
| 0 0 709 709 688 |
|
| 0 0 730 730 709 |
|
| Unrestricted Designated Restricted Total Total funds funds funds 2021 2020 £ £ £ £ £ 0 0 0 0 0 0 20000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 20000 0 0 0 |
|
| 0 0 0 0 0 |
|
| 0 20000 0 0 0 |
|
| Unrestricted Designated Restricted Total Total funds funds funds 2021 2020 £ £ £ £ £ 0 0 0 0 0 0 0 0 0 250 0 0 0 0 0 0 530 250 780 0 0 -530 -250 -780 250 |
|
| 0 22829 250 23079 22829 |
|
| 0 22299 0 22299 23079 |
|
| Unrestricted Designated Restricted Total Total funds funds funds 2021 2020 £ £ £ £ £ 0 0 0 0 0 0 1528 1177 2705 600 0 0 0 0 0 0 452 4388 4840 326 0 1076 -3211 -2135 274 |
|
| 0 5647 3211 8858 8584 |
|
| 0 6723 0 6723 8858 |
9
CHRIST CHURCH NAILSEA PCC FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
NOTES TO THE FINANCIAL STATEMENTS
NOTE 1 ACCOUNTING POLICIES
1a) Accounting conventions
The financial statements for the year ended 31 December 2021 have been prepared in accordance with the Church Accounting Regulations 2006 together with the applicable accounting standards and the Charities Statement of Recommended Practice (SORP) using the Receipts and Payments basis of accounting.
1b) Segregation of funds as required by the Charities Act
Unrestricted funds represent the funds of the PCC that are not subject to any restriction by the donor regarding their use and which are freely available for furthering the general mission and ministry of the church. Unrestricted funds may be designated for a particular purpose by PCC.
Restricted funds represent the funds of the PCC that have been donated for a specific purpose. Such funds may only be applied for the purpose for which they were donated. Restricted funds are identified in the Financial Statements to ensure proper control.
Endowment funds. The PCC has no endowment funds.
1c) Recognition of accounting transactions
The financial statements include all monetary transactions, assets and liabilities for which the PCC is responsible in law, including those of recognised church groups. They do not include the accounts of church groups which owe their main affiliation to another body, or which are merely informal gatherings of church members. Subject to the above, receipts and payments include income as received and expenditure when irrevocably paid.
1d) Statement of Assets and Liabilities
The following assets are recognised in the Statement of Assets and Liabilities:
-
Moveable church furnishings held by the churchwardens on special trust for the PCC and which require a faculty for disposal;
-
Land and buildings held on behalf of the PCC;
-
Other fixtures, fittings and equipment which the PCC may freely sell without a faculty, where the original cost exceeded £1,000;
-
Amounts owing from HM Revenue & Customs where a formal repayment claim has not yet been made;
-
Amounts receivable from Tickenham PCC not credited before 31 December 2021;
-
Amounts owing from Funeral Directors not credited before 31 December 2021;
-
Legacies where formal notification of entitlement and amount has been received before 31 December 2021 by the PCC;
-
Investments held beneficially by the PCC;
-
Closing bank and cash balances as shown in the Receipts and Payments accounts.
The following liabilities are recognised in the Statement of Assets and Liabilities:
-
Any loans, overdrafts and advances to the PCC;
-
Any arrears of Diocesan Common Fund;
-
Creditors for goods and services received and invoiced by 31 December 2021
.
10
CHRIST CHURCH NAILSEA PCC
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
NOTE 2 GENERAL FUND RECEIPTS
| 2a) Income from donors Planned giving Income tax refund Cash collections General gifts and donations 2b) Other voluntary income Saturday/Sunday coffee Children's Work Re-ordering of the Church Miscellaneous Specific gifts, donations and events Income tax refund (Gift Day and specific donations) 2c) Income from charitable trading Bible notes & books Magazine Other church groups' income Welcome and Events Group Traidcraft Hire of Vestry Hall Wedding & funeral fees 2d) Income from investments Deposit interest Scottish Widows income Dividend income COIF 2e) Other ordinary income Tickenham share of Benefice costs 2f) Extraordinary income Legacies & gifts TOTAL RECEIPTS |
Unrestricted Designated Restricted Total Total funds funds funds 2021 2020 £ £ £ £ £ 53344 0 0 53344 53986 15235 0 0 15235 14261 5503 0 0 5503 3857 1478 0 0 1478 6848 |
|---|---|
| 75559 0 0 75559 78953 |
|
| 517 0 0 517 303 1919 0 0 1919 830 0 1528 1177 2705 0 1496 0 110 1606 0 0 0 5026 5026 9696 0 0 536 536 495 |
|
| 3932 1528 6849 12308 11323 |
|
| 166 0 0 166 290 853 0 0 853 908 0 0 1901 1901 1258 3008 0 0 3008 0 854 0 0 854 0 2569 0 0 2569 1900 3220 0 0 3220 5863 |
|
| 10669 0 1901 12570 10219 |
|
| 1 0 0 1 26 25 0 0 25 25 0 0 21 21 21 |
|
| 26 0 21 47 72 |
|
| 3957 0 0 3957 3954 |
|
| 3957 0 0 3957 3954 |
|
| 9262 20000 2000 31262 0 |
|
| 9262 20000 2000 31262 0 |
|
| 103404 21528 10771 135704 104520 |
11
CHRIST CHURCH NAILSEA PCC FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
NOTE 3 GENERAL FUND PAYMENTS
| Unrestricted | Unrestricted | Designated | Restricted | Restricted | Total | Total | |
|---|---|---|---|---|---|---|---|
| funds | funds | funds | 2021 | 2020 | |||
| £ | £ | £ | £ | £ | |||
| Direct charitable expenditure: | |||||||
| 3a) Donations | |||||||
| Home missions & other Church societies | 17 | 0 | 2821 | 2838 | 2499 | ||
| Overseas aid | 0 | 0 | 2741 | 2741 | 2345 | ||
| Discretionary / Pastoral aid | 0 | 0 | 0 | 0 | 0 | ||
| 17 | 0 | 5562 | 5578 | 4844 | |||
| 3b) Activities relating to direct ministry | |||||||
| Staff expenses of office | 350 | 0 | 0 | 350 | 522 | ||
| Benefice Sundries | 383 | 0 | 0 | 383 | 555 | ||
| Vacancy costs | 0 | 0 | 0 | 0 | -190 | ||
| Tickenham sole costs | 53 | 0 | 0 | 53 | 70 | ||
| Books & Bible Notes | 272 | 0 | 0 | 272 | 625 | ||
| Churches Together in Nailsea and District | 320 | 0 | 0 | 320 | 0 | ||
| Cleaning | 1315 | 0 | 0 | 1315 | 957 | ||
| Diocesan Common Fund | 74760 | 0 | 0 | 74760 | 73553 | ||
| Magazine | 222 | 0 | 0 | 222 | 216 | ||
| Maintenance & repairs | 1552 | 530 | 250 | 2332 | 680 | ||
| Miscellaneous costs | 595 | 0 | 0 | 595 | 597 | ||
| Music costs | 3135 | 0 | 0 | 3135 | 8791 | ||
| Welcome and Events Group Costs | 525 | 0 | 0 | 525 | 50 | ||
| Sanctuary & service supplies | 186 | 0 | 0 | 186 | -31 | ||
| Utilities & church running costs | 2837 | 0 | 0 | 2837 | 3334 | ||
| Vestry Hall running expenses | 930 | 0 | 0 | 930 | 903 | ||
| Wedding and funerals | 1932 | 0 | 0 | 1932 | 3737 | ||
| Children and Families | 2115 | 0 | 0 | 2115 | 835 | ||
| Church Reordering | 0 | 452 | 4388 | 4840 | 326 | ||
| Other church groups | 0 | 0 | 2009 | 2009 | 1853 | ||
| 91483 | 982 | 6647 | 99112 | 97382 | |||
| Total direct expenditure | 91499 | 982 | 12209 | 104690 | 102226 | ||
| Other expenditure: | |||||||
| 3c) Church management & administration | |||||||
| Parish office | 1909 | 0 | 0 | 1909 | 1738 | ||
| Administrator costs | 12159 | 0 | 0 | 12159 | 11888 | ||
| Stewardship expenses | 105 | 0 | 0 | 105 | 119 | ||
| 14173 | 0 | 0 | 14173 | 13744 | |||
| 3d) Extraordinary expenses | 0 | 0 | 0 | 0 | 0 | ||
| Total other expenditure | 14173 | 0 | 0 | 14173 | 13744 | ||
| TOTAL PAYMENTS | 105672 | 982 | 12209 | 118863 | 115970 |
12
CHRIST CHURCH NAILSEA FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
NOTE 4 OTHER INVESTMENTS
COIF Charities Fund - Income Units
| Holding | Value | Income |
|---|---|---|
| 40 | 823 | 21 |
NOTE 5 CHARITABLE DONATIONS
| Home Connect Youth Worker Wellspring Counselling CAP - Christians Against Poverty Children's Society Clevedon Food Bank Sisters of the Church British Heart Foundation Cancer Research St Peter's Hospice Woman's Refuge British Legion Total charitable donations |
Overseas 1000 Christian Aid 500 Leprosy Mission 500 330 149 140 51 51 50 50 17 2838 5578 |
1414 1327 |
|---|---|---|
| 2741 | ||
NOTE 6 REMUNERATION AND EXPENSES
Salaries, fees and remuneration of PCC members
During the year the PCC paid casual fees to some members of the PCC who undertook verger duties at weddings and funerals. These verger payments are reimbursed from fees charged for weddings and funerals.
The PCC reimbursed members for personal expenditure incurred in connection with areas of work such as maintenance, youth work, pastoral care and general administrative costs. Members of the PCC, other than the clergy, who incurred expenses on behalf of the PCC in this way, were reimbursed as follows:
| John Bickerstaffe | 45 |
|---|---|
| Val Clifton | 6 |
| Liz Everitt | 11 |
| Robin Lambert | 384 |
| Malcolm Pemble | 19 |
| Linda Randall | 73 |
| Margaret Stanton | 50 |
Staff expenses of office
The PCC reimbursed expenses of office to the Staff Team together with fees and expenses to visiting clergy. Expenses and fees were reimbursed as below.
| Priest-in-Charge Reader Training LMG clergy Totals |
2021 2020 213 277 0 20 138 25 |
|---|---|
| 351 522 |
13