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2021-12-31-accounts

All Saints Church, Newmarket

(Charity Registration Number 1158500)

Annual Report & Financial Statements of the Parochial Church Council

For the year ending 31[st] December 2021

Curate-in-Charge: The Rev’d Susan Allison 3 Bunbury Terrace Newmarket Suffolk CB8 8

Bankers: Barclays Bank plc 58 High Street Newmarket Suffolk CB8 8NH

HSBC Bank plc 563-64 St Andrews Street Cambridge CB2 3BZ

Independent Examiner:

Elizabeth Klingaman MA (cantab) FCA (Institute of Chartered Accountants in England and Wales) The Old Rectory Worlington, Bury St Edmunds Suffolk IP28 8RU

Parochial Church Council of All Saints Church, Newmarket Trustees Annual Report & Financial Statements for the year ended 31[st] December 2021

Contents

Administrative Information & PCC Membership............................................................................... 1
Aim and Purposes........................................................................................................................................ 2
Objectives and Activities........................................................................................................................... 2
Vicars Report ................................................................................................................................................... 2
Churchwardens Report………………………………………………………………………………………. 4
Achievements and Performance............................................................................................................... 4
Church Attendance...........................................................................................................................................
4
Review of the Year – Public Benefit Statement ..............................................................................................
5
Worship and Teaching ..............................................................................................................................5
Safeguarding .............................................................................................................................................5
Outreach, Community Partnerships & Pastoral Care ................................................................................5
Cornerstone Project (Church Re-ordering) ............................................................................................... 5
Fellowship ................................................................................................................................................. 5
Deanery Synod .......................................................................................................................................... 5
Financial Review.......................................................................................................................................... 6
Reserves Policy......................................................................................................................................... 6
PCC Matters.................................................................................................................................................. 7
Structure, governance and management ................................................................................................ 7
Standing Committee ................................................................................................................................ 7
Worship Committee ............................................................................................................................. … 7
Resources Committee ............................................................................................................................. 7
Outreach Committee ............................................................................................................................... 7
Discipleship Committee ....................................................................................................................... …. 7
Volunteers................................................................................................................................................. 7
Independent Examiners Report.................................................................................................................... 8
Statement of Financial Activities............................................................................................................ FS1
Balance Sheet............................................................................................................................................... FS2
Represented by Funds ........................................................................................................................ FS3
Notes to the Accounts...................................................................................................................... FS4 – FS8

All Saints Church, Newmarket Trustees Annual Report 2021

Parochial Church Council of All Saints Church, Newmarket Trustees Annual Report for the year ended 31[st] December 2021

Administrative Information

All Saints Church is situated in All Saints Road, Newmarket. It is part of the Diocese of St. Edmundsbury & Ipswich within the Church of England. The correspondence address is All Saints Church, All Saints Road, Newmarket, Suffolk CB8 8ES.

The Parochial Church Council is a body corporate (PCC Powers Measure 1956, Church Representation Rules 2006) and is registered with the Charity Commission of England & Wales, registration number 1158500.

Membership

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

Incumbent Rev’d M Osborne Chair Until July 2021
Curate Rev’d S Allison
Curate-in-Charge Acting Chair From July 2021
Curate Robert Molton

Churchwardens:		 Miss J Edwards
Mr P Stannard Until May 2021
Mr C King From May 2021
Synod Representatives Dr C Madichie
Mr H Hersel Until March 2021
Mr P Stannard From March 2021
Ms S Ouwendijk Co-opted May 2021

Elected Members		 Ms J Culpin From March 2021
Mrs S Feary
Mr G Harbinson
Mr D McGrath
Ms S Ouwendijk
Mr I Rees
Mr D Snashall
Mrs L Stannard Treasurer
Miss J Stiff
Mr R Woodard Vice Chairman
Minutes Secretary
 Mr M Meeks Co-opted as PCC Member October 2021

1

All Saints Church, Newmarket Trustees Annual Report 2021

Parochial Church Council of All Saints Church, Newmarket Trustees Annual Report for the year ended 31[st] December 2021

Aim and Purposes

All Saints Parochial Church Council has the responsibility of cooperating with the incumbent, in promoting within the ecclesiastical parish, the whole mission of the Church, pastoral, evangelistic, social and ecumenical.

Objectives and Activities

Report from Curate-in-Charge 2021

Dear Church family and friends,

Thank you, all of you, for being a part of the All Saints’ Church extended family through 2021 which saw ongoing challenges and changes once again.

The biggest, rather obviously, was losing Rev Max Osborne to pastures new in Horringer. After 19 years of dedicated service within this parish this was an inevitably big change as we were so used to Max’s way and suddenly you were faced with Chris King, Joy Edwards and Myself, with our rural dean, Rev Chris Childs in the background for those moments when we needed guidance.

This was an interesting time as a curate, who traditionally hold the role with remit of ‘don’t change anything during a Vacancy’. However, we were faced with coming out of lockdown and re-establishing church and so had to engage in numerous adaptations. I personally have appreciated the support of the regular meeting with Church Wardens, Worship Group, as well as that offered by the ministry team that helped us grow throughout last year.

As a way to guide this growth journey, we embarked upon the Pause, Pray and Listen Initiative from Easter to Ascension, the results of which were presented to the PCC and used to guide us in moving forward. A ‘Dare to Try’ morning followed allowing people the opportunity to look into different church roles and test them out, laying down those areas that had become burdensome.

Growth did happen as more people have come forward to assist in the roles that needed to be re-filled once again.

2

All Saints Church, Newmarket Trustees Annual Report 2021

Parochial Church Council of All Saints Church, Newmarket Trustees Annual Report for the year ended 31[st] December 2021

Chris King took over as one of our churchwardens (guided by Paul Stannard who stepped down at the 2021 APCM). It takes time to understand what is expected of a Churchwarden, particularly in a time of Vacancy and I know Chris and Joy have both put a lot of time and effort into the role. My thanks goes to them and to Paul too for continuing the quinquennial work allowing Chris and Joy to focus elsewhere and for being on hand to answer those odd questions. Joy now steps down after many years of service and I know the church owes a great deal of thanks to her for her thoughtfulness and quiet guidance that she has shared over these years. Thank you, Joy.

In July, Rev Bob Molton was priested at a service in the Cathedral and Rick Woodard began his Ordination training. Together with Su Shaw and Fraser, as well as the occasional service led by a guest due to absences, we were well served during 2021. Thank you all for your individual styles that help make our services as rich as they are and for your pastoral care for this family.

Another big change for us was the stepping down of Louise Stannard in the Treasurer role at the end of 2021 and the formation of the Treasurer Team. A huge thank you Louise for all you have done. And welcome and thank you to our new team – Jocelyn McGrath, Frankie Akwensivie, Kat Langham and David Hopper.

Not every change that was hoped for happened straight away, for understandable reasons. However, seeing Messengers reform for our young people was a delight. Thank you to Jane Culpin and others who made this possible.

One area that we were not able to re-establish was the reforming of the Mission and Outreach Group. However, this is about to be rectified under the chair-ship of David McGrath and other volunteers. Watch this space.

The mainstay of our life as followers of Jesus is our prayer and worship. Weekly Prayer and Share continues online under the care of Rev Bob Molton, prayer groups have reformed in church and at home, and work towards bringing Prayer Stations (indoors and out) and a Prayer Board was begun.

Preparing worship is a team event which involves many people, the tech overseen by David Snashall and Richard Hey, the music group led by Beckie Offley, the ministers who lead and the volunteers who support, and this is not including all of those who prepare the space with welcome, decoration, refreshments and many more. Thank you to you all, everyone is important to the life of the church and we cannot function without every part of the body working as one.

Work was undertaken by the Worship Committee to evaluate our 1[st] Sunday, All Age Services where we dared to dream; the committee continue to evaluate and develop the service structure and welcome constructive feedback. Funeral Ministry continues to be a big part of our church and is a vital form of pastoral care and outreach for our church within the community. Tonia Neal informed us she was stepping down as our verger at the end of 2021. This role is so vital for us all and many thanks for doing it so well Tonia.

Cornerstone continued under the chair of Ian Rees after Greer Harbinson stood down after 6 years – thank you Greer, Ian and all the committee old and new for continuing to work so hard. We look forward to seeing the results of the faculty in due course.

I believe this leaves me to just say thank you to you all, for your ongoing support and care for the ministry of this church within this building and in our outreach.

Reverend Susan Allison

3

All Saints Church, Newmarket Trustees Annual Report 2021

Parochial Church Council of All Saints Church, Newmarket Trustees Annual Report for the year ended 31[st] December 2021

Churchwarden’s Report 2021

2021 was a challenging year in many ways, as we gradually negotiated a return to usual church life during the ups and downs of the pandemic. At the same time we were adjusting to life in a vacancy. Max led his last service on June 27[th] , although he had been away on sabbatical since Easter. Some of us attended his induction at Horringer in July. It was extremely fortunate for us that we had two curates in place, which meant we did not have to rely on a series of visiting clergy but could maintain a regular pattern of services and pastoral support. We are so grateful for the leadership that Rev Susan has given us and for Rev Bob, who led his first communion here on July 11[th] . They have been ably supported by Rev Su and Frazer and also by Rick, who is now well underway with his ordination training. We are thankful for our worship team who have led all age services and all those who have helped our worship with prayers, readings or technical support.

The PCC had a series of meetings during which we put together our church profile which we hoped would attract applicants for the post of vicar here, ready for the advertisement to go out in January. This gave us an opportunity to discuss our church life in depth and we pray for a successful outcome and the arrival of a new incumbent later this year. For much of 2021 we were unable to carry out our usual activities and it has been a joy to see them gradually return. Susan has spoken about these in detail already so I will try not to repeat too much. By October we were able to meet socially after services and I would like to thank all the volunteers who are on the coffee rota. It has been so good to see our church family enjoying time together again. This time has been enhanced by our new tables which we were pleased to buy with a legacy from Rose Marshall. They have also been used by groups during the week, including Knit and Natter and Shine a Light. Men of Faith resumed meeting and volunteers from that group have done a few maintenance jobs for us, for which we are grateful.

It was also a great joy to be able to welcome our community into church for three mornings of Teddy Bears’ Christmas in December. Thank you to Gill Godber whose idea it was and who worked so hard, all in support of our Cornerstone funds. Some of our outside user groups have been able to return to the building. The Chamber Orchestra is rehearsing again and put on a concert here. We also welcomed back the Tuesday Group and U3A. A Clinical Pilates class and a support group also ran for a while. It was a pleasure to see the Town Band in church again as they played for our Carols by Candlelight, but also at the service of Thanksgiving for the life of our dear brother Roy Starling.

I must, of course, give special thanks to my fellow churchwarden. Chris took the job on last year at a very difficult time and has served with great dedication. We are both very grateful for our PCC during a year in which we had so many challenges to meet. Together we have made many decisions about the future, considering the appointment of our new incumbent, dealing with the pandemic and the gradual return to normality, alongside updating our policies and procedures. We are fortunate to have a PCC whose members have such a range of expertise, skills and interests. In conclusion, on behalf of Chris and myself, I would like to reiterate our thanks to everybody who has contributed to the life of All Saints during this very difficult year. We look forward, in hope, to serving God and our community together throughout 2022.

Achievements and Performance

The Trustees consider that they have complied with the duty regarding Public Benefit as detailed in Section 4 of the Charities Act 2011, having due regard to guidance published by the Charity Commission.

Church Attendance

As at 31[st] December 2021 there are 130 (2020: 130) on the Church Electoral Roll, of these 81 (2020: 81) do not reside in the parish. The average weekly attendance in church, counted during October was 65 Adults and 10 Young Persons (2020: 43 Adults and 3 Young Persons). Online services were accessed by 25 people. As in 2020 these figures are irregular due to the effects of the Covid pandemic.

4

All Saints Church, Newmarket Trustees Annual Report 2021

Parochial Church Council of All Saints Church, Newmarket Trustees Annual Report for the year ended 31[st] December 2021

Review of the Year – Public Benefit Statement:

Worship and Teaching There has been a significant impact on the regular life of our church throughout the pandemic. Sunday Services of worship and teaching took place throughout 2021 (albeit with a limited number of services and congregation numbers in the church building) during periods outside of ‘Lockdown’.

A variety of service formats including Book of Common Prayer, All Age Worship, Holy Communion and Morning Worship. Services have also been both live streamed and available for later viewing on our website. Worship continues to be led by a team of dedicated musicians using a variety of styles of music and instruments, both traditional & modern, to suit our varied service styles.

This variety of services aims to enable as many people as possible to worship with our church community irrespective of church background.

Clergy have officiated at 1 wedding. There have been 9 funeral services held at the church.

A weekly Zoom prayer meeting and informal weekly teaching and fellowship takes place in small groups meeting via zoom and/or in person. These groups provide an environment to develop relationships, exploring all aspect of Christian life & discipleship (on occasion following common themes) and supporting the wider church in prayer.

Safeguarding In 2021 All Saints Church continued the recommended Diocese Safeguarding training to ensure the safety of children and vulnerable adults. Jane Culpin continues as Parish Safeguarding Officer.

Outreach, Community Partnerships & Pastoral Care Links are maintained with both primary schools in the parish by various members of the PCC and congregation, and the church has a regular presence in some school assemblies. A Parish Christmas Card detailing service times was delivered through every door in the Parish to inform of and invite people to join the activities of the church.

We were happy to see a return to some of our many regular events and look forward to the time when they can all resume with a celebratory atmosphere e.g. our annual Community Day of activities and refreshments, Picnic with the Town Band in the summer, Organ and Choir Concerts, and quiz nights.

The Shine A Light Dementia Group has kept in regular contact with its members throughout the year, within the confines imposed and have resumed meeting in person

The Knit & Natter ladies have kept in touch over social media.

Our many non-affiliated regular user groups began returning for meetings. The church remains their base as well as the Newmarket Town Pastors and their meetings will hopefully all resume as soon as possible. The church is a collection point for donations to the local Food Bank.

Cornerstone Project (Church Re-ordering) The Cornerstone project, which was officially launched in 2017, has continued to progress, albeit much slower than anticipated. This is mainly due to the pandemic and the awaited grant of a faculty for the proposed works. The faculty was submitted to the Diocesan Advisory Committee in October 2021 and the process is ongoing. A meeting is planned for Spring 2022 with the DAC to review the proposals. Once the faculty is granted active fundraising will begin again in earnest.

Fellowship Our ‘Men of Faith’ group resumed in person during the year with monthly prayer meetings and social activities. A Men’s Walking Weekend took place nearer to home than usual at Castle Acre in Norfolk.

Deanery Synod

Three members of the PCC are eligible to sit on the Deanery Synod. Currently only 2 places are filled and a third place was co-opted. This provides the PCC with a link between the parish and the wider structures of the church.

5

All Saints Church, Newmarket Trustees Annual Report 2021

Parochial Church Council of All Saints Church, Newmarket Trustees Annual Report for the year ended 31[st] December 2021

Financial Review

Total receipts on unrestricted funds were £148,295 (2020 £101,734) of which £127,629 (2020 £70,195) were unrestricted voluntary donations. Planned giving through envelopes, by bankers orders and through the Parish Giving Scheme increased by over 80% on the previous year at £120,526 (2020 £66,729). Total expenditure from unrestricted funds was £111,483 (2020 £89,167). A significant proportion of this was our contribution to the Parish Share being £69,307 (2020 £69,307) together with Quinquennial Works £22,293 (2020 £0). The net result for the year was an excess of receipts over payments of £36,812 on unrestricted funds. After fund transfers were made and adding bank and deposit balances brought forward at the beginning of the year, the balances carried forward at the 31[st] of December on unrestricted funds totaled £118,458.

Reserves Policy

The PCC has a restricted reserve fund entitled ‘Fabric Fund’ for future restoration work on the existing church building. At 1[st] January 2021 the balance was £7,620. During the year, incoming resources of £6,248 were received and expenditure of £3,995 was incurred. After fund transfers the fund balance at 31[st] December 2021 was £9,732.

There is also an unrestricted, designated Fabric Fund. At 1 January 2021 the balance was £29,235. During the year, no incoming resources were received, and expenditure of £18,578 was incurred. After fund transfers the fund balance at 31[st] December 2021 was £20,656.

6

All Saints Church, Newmarket Trustees Annual Report 2021

Parochial Church Council of All Saints Church, Newmarket Trustees Annual Report for the year ended 31[st] December 2021

PCC Matters

Structure, governance and management The method of appointment of PCC members is set out in the Church Representation Rules. All Church attendees are encouraged to register on Electoral Roll and stand for elections to the PCC.

The PCC members are responsible for making decisions on all matters of general concern and importance to the parish including deciding on how the funds of the PCC are to be spent.

The PCC continued to hold meetings over zoom throughout the Covid restrictions in 2021 with an average attendance of over 80%, the Standing Committee was not required to meet. The Worship and Cornerstone committees met in between times and reported to the PCC meetings.

Standing Committee is made up of the Incumbent (Chair), two Churchwardens, the Treasurer and two other PCC member

Worship Committee is made up of the Incumbent (Chair) and 7 members from both the PCC and the congregation. The committee meets quarterly and is responsible for decisions relating to the services and worship at All Saints Church.

Resources Committee is made up of one Churchwarden (Chair) and 5 members from both the PCC and the congregation. The committee meets quarterly and is responsible for all issues relating to the maintenance and upkeep of the building.

Outreach Committee is currently not active with new members from both the PCC and the congregation required. It is hoped that a new committee will be formed in the Summer of 2022.

Cornerstone Committee made up from both the PCC and Congregation. This Committee is responsible for all aspects of the Cornerstone project, bringing larger matters to the PCC for approval.

Volunteers

The PCC are very grateful for the many hours of time given by members of the congregation. Thereby contributing to the life of the church here. In worship, providing refreshment, flower arranging, cleaning and maintaining the building, stewardship of our finances and development of the spiritual, social and pastoral aspects of our community life.

During 2021 the following policies were reviewed and updated accordingly: Safeguarding Policy

Complaints Policy Volunteer

Management Policy

Signed on behalf of the PCC by Reverend S Allison

Signed ……S Allison…………………………………

7

All Saints Church, Newmarket Trustees Annual Report 2021

Independent Examiner’s report to the trustees of All Saints Parochial Church Council for the year ended 31[st] December 2021

Independent Examiner’s report to the trustees of All Saints Parochial Church Council

I report on the accounts of All Saints Church, Newmarket, registered charity 1158500, for the year ended 31 December 2021, which are set out on pages F1, F2 and F3.

Respective responsibilities of the trustees and the examiner

The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

It is my responsibility to

Basis of Independent Examiner’s report

My examination was carried out in accordance with the general directions given by the Charities Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented to those records. It also includes consideration of any unusual items or disclosures in those accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those matters set out in the statement below.

Independent Examiner’s statement

In connection with my examination, no matter has come to my attention

Elizabeth Klingaman

MA (cantab) FCA (Institute of Chartered Accountants in England and Wales) The Old Rectory, Worlington, Bury St Edmunds IP28 8RU

Statement of Financial Activities and Balance Sheet as at 31[st] December 2021

Parochial Church Council of All Saints Church, Newmarket

Page F1 Statement of Financial Activities

----- Start of picture text -----
Unrestricted Restricted 2021 2020
Funds Funds Total Funds Total Funds
Income and endowments from: Note
Donations and legacies 2 145,782 14,247 160,029 150,257
Income from charitable activities 3 1,477 — 1,477 1,353
Other trading activities 4 932 — 932 1,271
Investments 5 104 2 106 228
Total income 148,295 14,249 162,545 153,111
Expenditure on:
Raising funds 6 447 1,200 1,647 6,000
Expenditure on charitable activities 7 111,035 4,717 115,753 120,484
Total expenditure 111,483 5,917 117,401 126,484
Net income / (expenditure) resources before 36,812 8,331 45,143 26,626
transfer
Transfers
Gross transfers between funds - in 13,257 60 13,317 —
Gross transfers between funds - out (12,560) 757 (13,317) —
Net movement in funds 37,509 7,634 45,143 26,626
Total funds brought forward 80,948 95,721 176,670 150,044
Total funds carried forward 118,458 103,355 221,844 176,670
----- End of picture text -----

FS1

All Saints Church, Newmarket Financial Statements 2021

The notes on pages FS4 to FS8 form part of these financial statements

Parochial Church Council of All Saints Church, Newmarket

Statement of Financial Activities and Balance Sheet as at 31[st] December 2021

Page F2 Balance sheet

----- Start of picture text -----
2021 2020
Total funds Total funds
Note
Fixed assets 8
Tangible assets 730 1,238
730 1,238
Current assets 9
Debtors 7,104 6,961
Cash at bank and in hand 218,141 171,414
225,245 178,376
Liabilities 10
Creditors: Amounts falling due in one year 4,161 2,943
4,161 2,943
Net current assets less current liabilities 221,083 175,432
Total assets less current liabilities 221,814 176,670
Total net assets less liabilities 221,814 176,670
----- End of picture text -----

FS2

All Saints Church, Newmarket Financial Statements 2021

The notes on pages FS4 to FS8 form part of these financial statements

Parochial Church Council of All Saints Church, Newmarket Statement of Financial Activities and Balance Sheet as at 31[st] December 2021

Page F3
Represented by Funds

11
Unrestricted
General fund
Designated
Fabric Fund
TV for meeting room
Creche Refurbishment
Cornerstone Project Church Re-ordering
Upkeep of Organ
Discretionary fund
Community Mission & Outreach
Discretionary Hardship Fund
Photocopier grant
Parish Share grant
Audio Desk Grant
Restricted
Fabric Fund
RP Memorial Young Peoples Fund
Discretionary Hardship Fund
Gift day receipts
Music Group Fees
Sizewell Hall Weekend
Flower fund
Fees fund
Old Choir Vestry Refurbisment
Photocopier grant 2
March Mission Week
Cornerstone Project Church Re-ordering
Outside Corner Seating Area
AudioVisual equipment fund
Glass doors fund
Upkeep of Organ
Discretionary fund
Community Mission & Outreach
Shine A Light Dementia Group
Jigsaw Group
Eastern European Friends Group
Youth Work
Funds of the church		 2021
2020

83,022
39,295


20,656
29,235
—
—
1,726
1,546
0
5,595
5,640
7,457
5,230
—
—
—
—


9,732
7,620
626
626
18
210
1,085
1,085
2,031
2,031
150
574
—
—
—
—
—
79,023
70,358
—
0
—
1,444
1,525
4,726
5,586
(632)
872
1,399
1,480
217
217
180
180
3,352
3,352
221,814
176,670

FS3

All Saints Church, Newmarket Financial Statements 2021

The notes on pages FS4 to FS8 form part of these financial statements

Parochial Church Council of All Saints Church, Newmarket Notes to the Financial Statements for the Year Ended 31[st] December 2021

1. Accounting Policies

The financial statements have been prepared in accordance with the Church Accounting Regulations 2011 together with the Charities SORP (FRS 102) and on the accruals basis. The financial statements have been prepared under the historical cost convention. 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 main affiliation to another body nor those that are informal gatherings of church members.

Funds

Restricted funds represent (a) income from trust and endowments which may be expended only on those restricted objects provided in terms of the trust or bequest and (b) donations or grants received for a specific object or invited by the PCC for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of each year must be carried forward as a balance of that fund. The PCC does not usually invest separately for each fund. Where there is no separate investment, interest is apportioned to individual funds on an average balance basis.

Designated Funds are funds that the PCC has set aside for specific projects or purposes and may be returned to the General Fund as the need arises. It has become PCC policy to record any bequest/legacy and other major donations within the Designated Discretionary Fund unless otherwise instructed.

Unrestricted Funds are those that can be used by the PCC for ordinary purposes: The General Fund

Non-PCC controlled restricted funds are:

Hardship Fund - for the benefit of individuals with an unaffordable imminent need at the incumbent or churchwardens’ discretion

Shine A Light - monies raised by and for the use of the Shine A Light team for the purposes and benefit of the Dementia Group Jigsaw - monies raised by and for the use of the Jigsaw team for the purposes and benefit of the Jigsaw Toddler Group

Incoming Resources

Planned giving, collections and donations are recognized when received. Income tax recoverable on covenants or gift aid donations is recognized when the income to which it relates is recognized. Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its entitlement and the amount due. Dividends and interest are accounted for when receivable. All incoming resources are accounted for gross.

Expenditure

Expenditure is accounted for on an accruals basis. Grant and donations are accounted for when made. Governance costs comprise costs incurred with meeting the statutory requirements of the PCC.

FS4

Parochial Church Council of All Saints Church, Newmarket Notes to the Financial Statements for the Year Ended 31[st] December 2021

Fixed Assets

Consecrated land and benefice property is not included in the accounts in accordance with S.10(2) of the Charities Act 2011.

No value is placed on movable church furnishings held by the churchwardens on special trust for the PCC and which require a faculty for disposal since the PCC considers this to be an inalienable property. All expenditure incurred during the year on consecrated or beneficed buildings and movable church furnishings, whether maintenance or improvement is written off in the SOFA and separately disclosed. Equipment used within the church premises is depreciated on the reducing balance method at the rate of 25% per annum. Individual items of equipment with a purchase price of £1,000 or less are written off when the asset is acquired.

The PCC does not own any investments. Dividends receivable come from a separate charity.

Amounts owing to the PCC at 31 December 2020 in respect of fees, rents or other income are shown as debtors less provision for amounts that may prove uncollectable.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognized in expenditure.

Going Concern

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorizing these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.

FS5

Parochial Church Council of All Saints Church, Newmarket Notes to the Financial Statements for the Year Ended 31[st] December 2021

Income
2. Donations and Legacies
Gift Aid - Bank
Gift Aid – Envelopes
Other planned Giving
Loose plate collections
Regular Gift Days
One-off Gift Aid gifts
Donations, Appeals, etc.
Tax recoverable on Gift Aid
Non-recurring one-off grants
Other funds generated
3. Income from charitable activities
Fees for weddings and funerals
4. Other trading activities
Church hall lettings - fundraising
5. Investments
Dividends
Bank and building society interest
Expenditure
6. Raising Funds
Costs of applying for Grants
Costs of stewardship campaign
Costs of fetes and other events
7. Expenditure on charitable activities
Home Mission
Ministry parish share etc
Working expenses of incumbent
Working expenses of curate
Parsonage house expense
Vicar’s telephone
Mission Expenses
Church running – insurance
Church office – telephone
Organ/piano tuning
Church maintenance
Upkeep of services
Upkeep of churchyard
Administration
Church running – Electric
Church running – Gas
Hall running – Electric
Hall running – Gas
Governance costs examination/audit fee
Church major repairs – structure
New building church		 Total
Total
Total
Total
Total

Total		 Unrestricted Designated Restricted
2021
2020
51,447
180
365
51,992
49,201
2,466
—
—
2,466
2,812
66,433
—
—
66,433
37,416
4,493
—
—
4,493
2,539
—
—
6,245
6,245
—
1,195
—
120
1,315
7,479
915
500
1,797
3,212
11,872
11,878
—
312
12,190
21,070
5,250
—
3,632
8,882
15,000
1,024
—
1,775
2,799
2,866


145,102
680
14,247
160,029
150,257
1,477
—
—
1,477
1,353


1,477
—
—
1,477
1,353
932
—
—
932
1,271


932
—
—
932
1,271
69
—
—
69
68
34
—
2
36
160


104
—
2
106
228
Unrestricted Designated Restricted
2021
2020
—
—
1,200
1,200
6,000
222
—
—
222
—
225
—
—
225
—


447
—
1,200
1,647
6,000
69
—
—
69
68
69,307
—
—
69,307
69,307
68
—
—
68
1,768
1,819
—
—
1,819
1,157
—
—
—
—
440
577
—
—
577
1,183
2,497
544
309
3,352
5,526
3,268
—
—
3,268
3,170
445
—
—
445
414
—
—
—
—
165
1,080
—
45
1,126
1,676
1,036
—
366
1,403
678
115
—
—
115
30
4,402
273
470
5,145
(1,783)
465
—
—
465
408
830
—
—
830
899
465
—
—
465
408
830
—
—
830
899
(180)
—
—
(180)
320
3,715
18,578
3,995
26,289
—
—
—
(1,945)
(1,945)
32,089




91,638
19,397
4,717
115,753
120,484

FS6

Parochial Church Council of All Saints Church, Newmarket Notes to the Financial Statements for the Year Ended 31[st] December 2021

8. Fixed Assets

Tangible assets
Safe
Digital Keyboard & Electronic Drumkit
Total
9. Debtors
Barclays Bank current account
Barclays Secondary Bank Current Account
HSBC Current Account
HSBC Cornerstone Account
CCLA (CBF) deposit account
Debtors
Accounts Receivable
Total
10. Creditors
Accounts Payable
Agency collections

Total		 (141)
—
277
136
181
(616)
—
1,211
594
1,056


(757)
—
1,488
730
1,238
5,597
53,314
12,890
71,803
107,406
3,528
565
48,803
52,896
63,429
61,560
(18624)
24,109
67,044
(270)
6,493
180
18,876
25,549
—
2,085
—
(1,236)
848
848
468
—
—
468
468
4,394
—
2,240
6,635
6,493


84,127
35,435
105,681
225,245
178,374
347
—
—
347
528
—
—
3,814
3,814
2, 415




347
—
3,814
4,161
2,943

11. Fund movement by type

----- Start of picture text -----
Opening Incoming Outgoing Transfers Gains/losses Closing
General - General fund
Unrestricted 39,295 147,615 92,086 (11,802) — 83,022
Sub-total for General 39,295 147,615 92,086 (11,802) — 83,022
Fabric - Fabric Fund
Designated 29,235 — 18,578 10,000 — 20,656
Restricted 7,620 6,248 3,995 (141) — 9,732
Sub-total for Fabric 36,855 6,248 22,574 9,858 — 30,388
Reordering - Cornerstone Project
Designated 1,546 180 — — — 1, 726
Restricted 70,358 7,931 (734) — — 79,023
Sub-total for Reordering 71,904 8,111 (734) — — 80,750
Organ - Upkeep of Organ
Designated — — — — — —
Restricted 1,525 87 168 — — 1,444
Sub-total for Organ 1,526 87 169 — — 1,444
Discretion - Discretionary fund
Designated 5,640 500 544 — — 5,595
Restricted 5,586 — 243 (616) — 4,726
Sub-total for Discretion 11,226 500 788 (616) — 10,321
Community - Community Mission &
Designated 5,230 — 273 2,500 — 7,457
Restricted 872 — 1,504 — — (632)
Sub-total for Community 6,102 — 1,777 2,500 — 6,825
Shine - Shine A Light Dement
Restricted 1,480 — 81 — — 1,399
Sub-total for Shine 1,480 — 81 — — 1,399
Jigsaw - Jigsaw Group
Restricted 217 — — — — 217
Sub-total for Jigsaw 217 — — — — 217
EEFG - Eastern European Fri
Restricted 180 — — — — 180
Sub-total for EEFG 180 — — — — 180
----- End of picture text -----

FS7

Parochial Church Council of All Saints Church, Newmarket Notes to the Financial Statements for the Year Ended 31[st] December 2021

Opening
Incoming
Outgoing
Transfers
Gains/losses Closing
Youth - Youth Work
Restricted
Sub-total for Youth
RPMemorial - RP Memorial Young Pe
Restricted
Sub-total for RP Memorial
Hardship - Discretionary Hardship
Restricted
Sub-total for Hardship
Giftday - Gift day receipts
Restricted
Sub-total for Giftday
MusicGrp - Music Group Fees
Restricted
Sub-total for MusicGrp
Sizewell - Sizewell Hall Weekend
Restricted
Sub-total for Sizewell
Grand total




3,352
—
—
—
—
3,352
3,352
—
—
—
—
3,352


626
—
—
—
—
626
626
—
—
—
—
626


210
7
200
—
—
18
210
7
200
—
—
18


1,085
—
—
—
—
1,085
1,085
—
—
—
—
1,085

2,031
—
—
—
—
2,031
2,031
—
—
—
—
2,031


574
(25)
459
60
—
150
574
(25)
459
60
—
150

176,670
162,545
117,401
—
—
221,814

12. Transactions with PCC Members

No fees or expenses were paid to PCC members (2020 £0)

13. Financial Commitments

Church Reordering – Cornerstone Project

Further progression of this project will incur large costs. PCC has determined that at each stage no works will be undertaken until sufficient funds are in place.

FS8