2021 Financial Review
This review has been completed in accordance with the example Report and Accounts for the Parochial Church Council provided by the Diocese of Bath & Wells and the example on the Charity Commission website.
The Church has performed well in 2021 to return a small profit of £611 despite the constraints of the pandemic. Total receipts for unrestricted funds totalled £52,687, of which £47,846 was from unrestricted voluntary donations and fund-raising activities including tax recoverable on gift aid (£6,634). The total receipts for unrestricted funds in 2020 was £78,610. The reduction is mainly due to there being one-off legacy receipts totalling £22,000 in 2020. Restricted donations of £150 for the fabric fund brings the total income to £52,837.
Planned giving reduced by just over 15%, most of the difference was in envelope donations. This is likely to be due to weekly services not resuming until August when Covid restrictions eased.
£52,226 was spent from funds (£31 of which from restricted funds) to provide Christian Ministry from St Peter & St Paul’s Church including a £14,654 contribution to the diocesan parish share. This was at a reduced level due to the pandemic and has returned to the higher level in 2022.
Reserves
The net result for the year was an excess of income over expenditure of £492 for unrestricted funds leaving the General Fund with a balance of £17,512, a little short of the £20,000 target.
Designated funds for re-ordering at year-end are £95,001. A proportion of this is expected to be used in 2022 for work on the roof and organ. Other restricted funds total £30,118.
Overall reserves have increased from £142,020 to £142,631.
The Balance Sheet and Analysis of Income and Expenditure for the year are included.
Phil Thomas
Treasurer
St. Peter and St. Paul Church, Wincanton - X 92418 0 581
Balance Sheet detailed
| 31/12/2021 31/12/2020 As at As at |
|
|---|---|
| Current assets 6501 Bank current account 6505 Bank deposit account 6510 CCLA (CBF) deposit account 6511 CBF Appeals account 6512 CBF Fabric account 6590 Cash in hand 6591 Coventry BS PC2014 Petty Cash Total Current assets Liabilities 6699 Agency collections Total Liabilities Net Asset surplus (deficit) Reserves Excess / (deficit) to date Z01 Starting balances Total Reserves |
65,623.40 67,380.43 1,500.35 1,500.35 8,391.20 8,386.84 138.12 138.05 25.02 25.01 — 28.27 67,882.46 65,955.87 — 310.00 143,560.55 143,724.82 929.75 1,705.06 929.75 1,705.06 142,630.80 142,019.76 611.04 — 142,019.76 142,019.76 142,630.80 142,019.76 |
| 17,511.68 Unrestricted 17,089.09 95,000.83 Designated 95,000.83 30,118.29 Restricted 29,929.84 — Endowment — Represented by Funds 142,630.80 142,019.76 Total |
|
|---|---|
24 April 2022
Page 1
St. Peter and St. Paul Church, Wincanton - X 92418 0 581
Analysis of income and expenditure
Period: 01 January 2021 to 31 December 2021
| Total | |||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Designated | Restricted | Endowment | This year | Last year | ||
| Incoming resources | |||||||
| Incoming resources from generated funds | |||||||
| Voluntary income | |||||||
| 0101 - Gift Aid - Bank | 24,377 | — | 120 | — | 24,497 | 25,354 | |
| 0110 - Gift Aid - Envelopes | 1,302 | — | — | — | 1,302 | 5,215 | |
| 0201 - Other planned giving | 220 | — | — | — | 220 | 120 | |
| 0301 - Loose plate collections | 634 | — | — | — | 634 | 1,589 | |
| 0401 - Regular gift days | — | — | — | — | — | — | |
| 0410 - Giving through church boxes | 40 | — | — | — | 40 | 21 | |
| 0501 - One-off Gift Aid gifts | — | — | — | — | — | — | |
| 0510 - Gifts of quoted securities | — | — | — | — | — | — | |
| 0550 - Donations appeals etc | 4,436 | — | — | — | 4,436 | 1,481 | |
| 0601 - Tax recoverable on Gift Aid | 6,634 | — | 30 | — | 6,664 | 7,831 | |
| 0701 - Legacies | — | — | — | — | — | 22,000 | |
| 0801 - Recurring grants | — | — | — | — | — | — | |
| 08A1 - Non-recurring one-off grants | 3,864 | — | — | — | 3,864 | 7,536 | |
| 0901 - Other funds generated | 6,337 | — | — | — | 6,337 | 5,735 | |
| Voluntary income Sub-totals | 47,846 | — | 150 | — | 47,996 | 76,886 | |
| Activities for generating funds | |||||||
| 0910 - Rummage sales etc | 894 | — | — | — | 894 | — | |
| 1220 - Bookstall sales - fund raising | — | — | — | — | — | — | |
| 1240 - Church hall lettings - fund | 420 | — | — | — | 420 | — | |
| raising | |||||||
| 1250 - Magazine income - advertising | — | — | — | — | — | — | |
| 1260 - Parish magazine sales | — | — | — | — | — | — | |
| Activities for generating funds | 1,314 | — | — | — | 1,314 | — | |
| Sub-totals | |||||||
| Investment income | |||||||
| 1001 - Dividends | — | — | — | — | — | — | |
| 1020 - Bank and building society | 1,960 | — | — | — | 1,960 | 1,130 | |
| interest | |||||||
| 1030 - Rent from lands or buildings | — | — | — | — | — | — | |
| Investment income Sub-totals | 1,960 | — | — | — | 1,960 | 1,130 | |
| Incoming resources from | 51,120 | — | 150 | — | 51,270 | 78,016 | |
| generated funds Totals |
Incoming resources from charitable activities
There may be minor discrepancies in the totals if the pence are not being shown
24 April 2022 Page 1
| Total | |||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Designated | Restricted | Endowment | This year | Last year | ||
| Incoming resources from charitable activities | |||||||
| 1101 - Fees for weddings and funerals | 1,442 | — | — | — | 1,442 | 744 | |
| 1210 - Bookstall sales to promote | — | — | — | — | — | — | |
| objectives | |||||||
| 1230 - Church hall lettings - objectives | 125 | — | — | — | 125 | — | |
| Incoming resources from | 1,567 | — | — | — | 1,567 | 744 | |
| charitable activities Sub-totals | |||||||
| Incoming resources from | 1,567 | — | — | — | 1,567 | 744 | |
| charitable activities Totals | |||||||
| Other incoming resources | |||||||
| Other incoming resources | |||||||
| 1310 - Insurance claims | — | — | — | — | — | — | |
| 1320 - Surplus - sales of fixed assets | — | — | — | — | — | — | |
| Other incoming resources Sub- | — | — | — | — | — | — | |
| totals | |||||||
| Other incoming resources | — | — | — | — | — | — | |
| Totals | |||||||
| Incoming resources | 52,687 | — | 150 | — | 52,837 | 78,760 | |
| Grand totals | |||||||
| Resources used | |||||||
| Cost of generating funds | |||||||
| Cost of generating voluntary income | |||||||
| 1701 - Fees paid to fund raisers | — | — | — | — | — | — | |
| 1710 - Costs of applying for grants | — | — | — | — | — | 3,656 | |
| 1720 - Costs of stewardship campaign | — | — | — | — | — | — | |
| 1730 - Costs of fetes & other events | 57 | — | — | — | 57 | 177 | |
| 1740 - Investment management costs | — | — | — | — | — | — | |
| Cost of generating voluntary | 57 | — | — | — | 57 | 3,833 | |
| income Sub-totals | |||||||
| Cost of generating funds | 57 | — | — | — | 57 | 3,833 | |
| Totals | |||||||
| Charitable activities | |||||||
| Charitable activities | |||||||
| 1801 - Giving to missionary societies | — | — | — | — | — | — | |
| 1830 - Giving - relief and development | — | — | — | — | — | — | |
| agencies | |||||||
| 1850 - Home mission | 716 | — | — | — | 716 | 2,026 | |
| 1870 - Secular charities | 50 | — | — | — | 50 | 364 | |
| 1901 - Stipends quota | — | — | — | — | — | — |
There may be minor discrepancies in the totals if the pence are not being shown
24 April 2022 Page 2
| Total | |||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Designated | Restricted | Endowment | This year | Last year | ||
| 1910 - Ministry parish share etc | 14,654 | — | — | — | 14,654 | 23,515 | |
| 2001 - Assistant staff costs | — | — | — | — | — | — | |
| 2050 - Salary of parish administrator | 6,879 | — | — | — | 6,879 | 6,683 | |
| 2101 - Working expenses of | 1,745 | — | — | — | 1,745 | 1,388 | |
| incumbent | |||||||
| 2120 - Council tax | — | — | — | — | — | — | |
| 2130 - Parsonage house expenses | — | — | — | — | — | — | |
| 2140 - Water rates - vicarage | — | — | — | — | — | — | |
| 2145 - Parsonage - water | — | — | — | — | — | — | |
| 2150 - Vicar's telephone | — | — | — | — | — | — | |
| 2170 - Education | — | — | — | — | — | — | |
| 2201 - Parish training and mission | — | — | — | — | — | — | |
| 2301 - Church running - insurance | 3,174 | — | — | — | 3,174 | 3,138 | |
| 2310 - Church office - telephone | — | — | — | — | — | — | |
| 2320 - Organ / piano tuning | 371 | — | — | — | 371 | 199 | |
| 2330 - Church maintenance | 14,083 | — | — | — | 14,083 | 10,365 | |
| 2331 - Cleaning | — | — | — | — | — | 446 | |
| 2340 - Upkeep of services | 2,423 | — | 31 | — | 2,455 | 2,046 | |
| 2350 - Upkeep of churchyard | 16 | — | — | — | 16 | 34 | |
| 2360 - Administration | 6,644 | — | — | — | 6,644 | 4,581 | |
| 2370 - Visiting speakers / locums | 42 | — | — | — | 42 | 224 | |
| 2401 - Church running - electric | 707 | — | — | — | 707 | 773 | |
| 2410 - Church running - gas | 546 | — | — | — | 546 | 886 | |
| 2420 - Church running - water | 82 | — | — | — | 82 | 81 | |
| 2430 - Church running - oil | — | — | — | — | — | — | |
| 2440 - Church running - heating and | — | — | — | — | — | — | |
| lighting | |||||||
| 2501 - Magazine expenses | — | — | — | — | — | — | |
| 2510 - Bookstall costs | — | — | — | — | — | — | |
| 2520 - Hall running - oil | — | — | — | — | — | — | |
| 2530 - Hall running - electricity | — | — | — | — | — | — | |
| 2540 - Hall running - gas | — | — | — | — | — | — | |
| 2550 - Hall running - insurance | — | — | — | — | — | — | |
| 2560 - Hall running - maintenance | — | — | — | — | — | — | |
| 2570 - Hall running - telephone | — | — | — | — | — | — | |
| 2580 - Hall running - water | — | — | — | — | — | — | |
| 2590 - Hall running - heating and | — | — | — | — | — | — | |
| lighting | |||||||
| 2701 - Church major repairs - structure | — | — | — | — | — | — | |
| 2710 - Church major repairs - | — | — | — | — | — | — | |
| installation | |||||||
| 2720 - Church interior and exterior | — | — | — | — | — | — | |
| decorating | |||||||
| 2801 - Hall + major repairs - structure | — | — | — | — | — | — | |
| 2820 - Hall + major repairs - | — | — | — | — | — | — | |
| installation | |||||||
| 2830 - Hall + interior and exterior | — | — | — | — | — | — | |
| decorating | |||||||
| 2840 - Other PCC property upkeep | — | — | — | — | — | — | |
| 2901 - New building parsonage house | — | — | — | — | — | — | |
| 2910 - New building house for curate | — | — | — | — | — | — | |
| 2920 - New building Church | — | — | — | — | — | — | |
| 2930 - New building Hall | — | — | — | — | — | — | |
| Charitable activities Sub-totals | 52,137 | — | 31 | — | 52,169 | 56,756 | |
| Charitable activities Totals | 52,137 | — | 31 | — | 52,169 | 56,756 |
There may be minor discrepancies in the totals if the pence are not being shown
24 April 2022 Page 3
Total This year
Unrestricted Designated
Restricted
Endowment
Last year
| Governance costs | ||||||
|---|---|---|---|---|---|---|
| Governance costs | ||||||
| 2601 - Governance costs | — | — | — | — | — | — |
| examination/audit fee | ||||||
| Governance costs Sub-totals | — | — | — | — | — | — |
| Governance costs Totals | — | — | — | — | — | — |
| Other resources used | ||||||
| Other resources used | ||||||
| 2947 - Veregers fee (cleansing agancy | — | — | — | — | — | — |
| postbox) | ||||||
| 2940 - Winibus, minibus for services | — | — | — | — | — | — |
| 2941 - Coventry Building Society | — | — | — | — | — | — |
| 2943 - Organist (cleansing Agency | — | — | — | — | — | — |
| postbox) | ||||||
| 2944 - Retired Clergy (cleansing | — | — | — | — | — | — |
| Agency post) | ||||||
| 2945 - Sightsavers (cleansing Agency | — | — | — | — | — | — |
| postbox) | ||||||
| 2946 - Tower (cleansing Agency | — | — | — | — | — | — |
| postbox) | ||||||
| Other resources used Sub- | — | — | — | — | — | — |
| totals | ||||||
| Fees to Bell ringers | ||||||
| 2942 - Bellringers (cleansing Agency | — | — | — | — | — | — |
| postbox) | ||||||
| Fees to Bell ringers Sub-totals | — | — | — | — | — | — |
| Other resources used Totals | — | — | — | — | — | — |
| Resources used | 52,195 | — | 31 | — | 52,226 | 60,589 |
| Grand totals |
There may be minor discrepancies in the totals if the pence are not being shown
24 April 2022 Page 4
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of On accounts for the year ended Charlty no {if any) IIS+&97 Set out on pagos O-<-A l -k + I report to the trustees on my examination of the accounts of the above ch8rity1lhe Trust.) for the year ended Responslbllltlos and basi$ of report As the charity's trusteès, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 {"the Act'l. I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carying oul my &xamination, I have followed all the applicable Directions given by the Charity Commission under sedion 145(5)(b) of the Act. Independent tThe charitls gross income exceeded £250.000 and l am qu81rfied to examlnerfs statement undertake the examination by being a qualified memb6r of [insert name of applicable listed bodyll. Delete [ l if not applicable. I have completed my examinalion. I confimi that no material matters have come to my attention in ¢onneclion with the examination (other than that disclosed below") which gives me cause to believe that in, any matedal respect: the accounting records were nol kept in accordance with sedion 130 of the Charities Act.. or the accounts did not accord with the accounting records., or th8 accounts did not comply with the applicable requirements conceming the fomi and content of accounts se* 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 concems 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 b6 r6ached. Please delete the words in the brackets if they do not apply. Slgnad: Date: IgkL Namo". Relevant profes$Sonal quallflcation(s) or body IER Oct 2018
(If any): Addro8$: ae)5 c gr> Section B Disclosure Only complete if the examiner needs lo highlight material matters of concern (see CC32. Independent ex8mination of charity accounts- directions and guidance for examiners). Glve here brlef detalls of any Items that the examiner wlshes to disclose. IER Oct 2018