The Parochial Church Council of the Ecclesiastital Parish of Billingham Financial Statements For the year ended 31st December 2021
| Annual Report |
1-3 | |
|---|---|---|
| Report ofthe Independent Examiner |
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| Statement ofFinancial | Activities | |
| Balance Sheet | ||
| Notes to the Financial | Statements | 7- 11 |
| Unrestricted | Restricted | Endowment | Total | Total | ||||
|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Fund | 2021 | 2020 | ||||
| Note | ||||||||
| Income and endowments | from: | |||||||
| Donations and legacies Church activities Other trading activities |
2a 2b 2G |
61,503 40,472 2,521 |
5,550 | 140,000 | 207,053 40,472 2,521 |
69,092 37,405 180 |
||
| /nvestments | 2d | 763 | 763 | 779 | ||||
| Other | 2e | 0 | ||||||
| Total | 105,258 | 5,550 | 140,000 | 250,808 | 107,456 | |||
| Expenditure on: |
||||||||
| Raising funds | 3a | |||||||
| Mission giving &donations | 3b | 750 | 750 | 955 | ||||
| Church activities | 3C | 83,628 | 5,550 | 89,178 | 81,094 | |||
| Total | 84,378 | 5,550 | 89,928 | 82,049 | ||||
| Net income/(expenditure) | before | investment | gains | 20,880 | 140,000 | 160,880 | 25,407 | |
| Net losses/gains on investments |
13,924 | 600 | 14,524 | 1,325 | ||||
| Net income/(expenditure) | 34,804 | 600 | 140,000 | 175,404 | 26,732 | |||
| Transfer between funds | 39,130 | (39,130) | ||||||
| Net movement in funds |
73,934 | (38,530) | 140,000 | 175,404 | 26,732 | |||
| Total funds brought forward |
9,10&11 | 105,956 | 51,763 | 157,719 | 130,987 | |||
| Total funds carried forward | 9,10&11 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Note | ||||||
| Fixed Assets: | ||||||
| Investments | 156,426 | 70,967 | ||||
| 156,426 | 70,967 | |||||
| Current Assets: | ||||||
| Debtors | 6 | 7,000 | 7,000 | |||
| Cash at bank and in | hand | 174,605 | 154,537 | |||
| 181,605 | 161,537 | |||||
| Liabilities: | ||||||
| Creditors: amounts | falling due within one year | 4,908 | 74,785 | |||
| Total assets less current liabilities | 333,123 | 157,719 | ||||
| Creditors: amounts | falling due after more than one year | |||||
| Total net assets | ||||||
| Parish funds: | ||||||
| Unrestricted funds |
179,890 | 105,956 | ||||
| Restricted funds |
10 | 13,233 | 51,763 | |||
| Endowment fund |
140,000 | |||||
| 12 |
| 2 | Income and endowments | Income and endowments | from: | from: | Unrestriced | Restricted | Kndowmenl | Total | Total |
|---|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Fund | 2021 | 2020 | |||||
| 2a | Donations and legacies | ||||||||
| Planned: Standing |
Orders | 30,937 | 30,937 | 27,248 | |||||
| Envelopes Income Tax Recoverable Open collections |
9,706 9,421 5,642 |
9,706 9,421 5,642 |
14,384 8,635 3,731 |
||||||
| Sundry donations | 5,797 | 5,550 | 11,347 | 15,094 | |||||
| Legacy (property) | 140,000 | 140,000 | |||||||
| 6],503 | 5,550 | 140,000 | 207,053 | 69,092 | |||||
| 2b | Church activities | ||||||||
| Fees for weddings and funerals |
28,837 | 28,837 | 32,160 | ||||||
| Church hall lettings |
11,635 | 11,635 | 5,245 | ||||||
| Messy and Sensory Play | |||||||||
| 40,472 | 40,472 | 37,405 | |||||||
| 2c | Other trading activites | ||||||||
| Fundraising including |
summer | and | |||||||
| Christmas fayre and |
coffee | mornings | 2,521 | 2,521 | 180 | ||||
| 2,521 | 2,521 | 180 | |||||||
| 2d | Investments | ||||||||
| Dividends and interest received |
763 | 764 | 779 | ||||||
| 2e | Other | ||||||||
| Total | 105,258 | 5,550 | 140,000 | 250,808 | 107,456 |
| Unrestriced | Restricted | Total | Total | |||
|---|---|---|---|---|---|---|
| Funds | Funds | 2021 | 2020 | |||
| 3a | Raising funds | |||||
| 3b | Mission Giving & Donations | 750 | 750 | 955 | ||
| 3c | Church activities | |||||
| Parish Share Deanery and other Quotas |
30,000 | 30,000 | 15,623 | |||
| DBFfees Vicars and Curates expenses |
8,505 618 |
8,505 618 |
8,478 508 |
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| Other Ministry costs |
1,272 | 1,272 | ||||
| Repairs and maintenance Heat, light, water &insurance Church Servants Upkeep ofServices |
5,396 20,039 4,691 550 |
5,550 | 10,946 20,039 4,691 550 |
11,013 27,639 4,780 59 |
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| Administration costs StCuthberts Cottage costs Costs re the Anne Saxelby Estate Sundry expenses |
3,571 938 6,849 778 |
3,571 938 6,849 778 |
3,899 2,034 6,069 573 |
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| Employee costs | ||||||
| Independent Examiner's |
fee | 420 | 420 | 420 | ||
| 83,628 | 5,550 | 89,178 | 81,094 | |||
| Total | 84,378 | 5,550 | 89,928 | 82,049 | ||
| 4 | Employee Costs | 2021 | 2020 | |||
| Wages and salaries | ||||||
| Social security costs | ||||||
| Pension costs | ||||||
| The average number ofstaff employed | duing the year | was | ||||
| (all administrative): |
| 5 | INVESTMENTS | 2021 | 2020 | |||||||
| f | ||||||||||
| Market value at 1stJanuary | 202 I | Unrestricted | 67,082 | 66,008 | ||||||
| Restricted | 3,885 | 3,63¹ | ||||||||
| Disposais at carrying | value | Unrestricted | (52,740) | |||||||
| Restricted | (3,885) | |||||||||
| Investment Property |
introduced | at valuation | Unrestricted | 140,000 | ||||||
| Net gain on revaluation | Unrestricted | 2,084 | 1,074 | |||||||
| Restricted | 251 | |||||||||
| Market value at 31st | December | 2021 | 156,426 | 70,967 | ||||||
| Unrestricted | 16,426 | 67,082 | ||||||||
| Restricted | 3,885 | |||||||||
| Endowment | 140,000 | |||||||||
| Historical | cost | Market Yaluc | Market Yalue | |||||||
| 31/12/2021 | 31/12/2020 | |||||||||
| f | ||||||||||
| Unrestricted funds |
||||||||||
| Investment property |
unknown | 50,000 | ||||||||
| StCuthberts Trust fund; 134C.B.FIncome shares |
113 | 2,740 | ||||||||
| StCuthberts Trust fund, 701.43 |
C.B.FIncome shares | 110 | 16,426 | l4,342 | ||||||
| 16,426 | 67,082 | |||||||||
| Restricted funds | ||||||||||
| StCuthberts Trotter |
Trust fund; | l90C.B.F.Income shares | 160 | 3,885 | ||||||
| Endowment fund - |
investment | property | unknown | 140,000 | ||||||
| Investment property brought forward off50,000 was sold for Shares held in trust funds have also been sold during the year f600). |
f61,413(net ofcosts), creating a gain on sale generating gains off1,027 (unrestricted f427; |
off.l 1,413. restricted |
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| 6 | DEBTORS | 2021 | 2020 | |||||||
| Income tax recoverable Prepayments and accrued interest |
7,000 | 7,000 | ||||||||
| Other debtors | ||||||||||
| 7,000 | 7,000 | |||||||||
| 7 | LIABILITIES:AMOUNTS | FALLING DUE WITHIN ONE YEAR | 2021f | 2020 | ||||||
| Trade creditors Other creditors |
1387 3421 |
1,507 73,278 |
||||||||
| 4,908 | 74,785 | |||||||||
| 8 | LIABILITIES:AMOUNTS | FALLING DUE AFTER ONE YEAR | 2020 | 2020 | ||||||
| Other creditors |
| UNRESTRICTED | FUNDS | 2021 | 2020 | |||||||
| Brought fonvard at |
1stJanauiy | 2021 | 105,956 | 79,330 | ||||||
| Incoming resources | 105,258 | 102,013 | ||||||||
| Resources expended | 84,378 | 76,461 | ||||||||
| Gains/(losses) on revaluation |
ofinvestments | 13,924 | 1,074 | |||||||
| Transfers | 39,130 | |||||||||
| Carried forward at 31stDecember 2021 | 179,890 | 105,956 | ||||||||
| Made up of: | ||||||||||
| General unrestricted | funds | 176,790 | 54,856 | |||||||
| Revaluation reserve |
50,000 | |||||||||
| Designated funds - Williams Legacy |
2,000 | |||||||||
| Designated funds - St.Aidan's |
Heating | fund | 1,100 | 1,100 | ||||||
| 179,890 | 105,956 | |||||||||
| RESTRICTED FUNDS | ||||||||||
| At | Incoming | Resources | Profit on | At | ||||||
| 2021: | 1stJanuary | resources | expended | realisation | Transfers | 31stDecember | ||||
| ofInvestment | ||||||||||
| St.Peters Churchyard | Fund | 8,663 | 8,663 | |||||||
| St. Cuthbert's Trotter |
Trust fund | 3,885 | 600 | (4,485) | ||||||
| St.Cuthbert's Deposit funds |
34,645 | (34,645) | ||||||||
| Amos Hinton Fund | 4,570 | 4,570 | ||||||||
| Billingham United Charities - |
Architects | costs | 5,550 | 5,550 | ||||||
| 51,763 | 5,550 | 5,550 | 600 | (39,130) | 13,233 |