## **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**<br>**31/12/2020**<br>**As at**<br>**As at**|
|---|---|
|**Current assets**<br>6501<br>Bank current account<br>6505<br>Bank deposit account<br>6510<br>CCLA (CBF) deposit account<br>6511<br>CBF Appeals account<br>6512<br>CBF Fabric account<br>6590<br>Cash in hand<br>6591<br>Coventry BS<br>PC2014<br>Petty Cash<br>**Total Current assets**<br>**Liabilities**<br>6699<br>Agency collections<br>**Total Liabilities**<br>**Net Asset surplus (deficit)**<br>**Reserves**<br>Excess / (deficit) to date<br>Z01<br>Starting balances<br>**Total Reserves**|65,623.40<br>67,380.43<br>1,500.35<br>1,500.35<br>8,391.20<br>8,386.84<br>138.12<br>138.05<br>25.02<br>25.01<br>—<br>28.27<br>67,882.46<br>65,955.87<br>—<br>310.00<br>**143,560.55**<br>**143,724.82**<br>929.75<br>1,705.06<br>**929.75**<br>**1,705.06**<br>**142,630.80**<br>**142,019.76**<br>611.04<br>—<br>142,019.76<br>142,019.76<br>**142,630.80**<br>**142,019.76**|



||17,511.68<br>Unrestricted<br>17,089.09<br>95,000.83<br>Designated<br>95,000.83<br>30,118.29<br>Restricted<br>29,929.84<br>—<br>Endowment<br>—<br>**Represented by Funds**<br>**142,630.80**<br>**142,019.76**<br>**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