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||| |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| ||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| ||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| ||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|3,63ยน| |||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| |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| ## ##