## St James & St Peters Parish of Preston Plucknett
Year Ended 31 December 2021 Parochial Church Council Report and Accounts
Registered Charity Number 1158827
The Parochial Church Council of Preston Plucknett Annual Report and Financial Statements for the Year ending 31[st] December 2021
|**Contents**|**Page**|
|---|---|
|1. Annual Report|3 - 12|
|Administrative Information, Structure, Governance and Management||
|Aims and Purpose||
|List of Members||
|Membership||
|Statement of Members Responsibilities||
|Objectives and Activities||
|Achievements and Performance||
|Deanery Synod Report||
|Safeguarding Report||
|Building and Fabric Report - St James||
|Building and Fabric Report - St Peters||
|2. Independent Examiners Report|13|
|**Consolidated Finance Reports for the Parish of Preston Plucknet**||
|3. Financial Review and Reserves Policy|14 -15|
|Parish Finance Review||
|St James Finance Review||
|St Peters Finance Review||
|4. Statement of Financial Activities|16|
|5. Statement of Financial Position (Balance Sheet )|17|
|Notes to the Financial Statements (1- 19)|18 - 28|
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The Parochial Church Council of Preston Plucknett Annual Report and Financial Statements for the Year ending 31[st] December 2021
## **1. Annual Report**
## **Administrative Information, Structure, Governance and Management**
St James’ and St Peter’s churches are situated in the Preston Plucknett district of Yeovil. The **r** egistered name is: The Parochial Church Council of the Ecclesiastical Parish of Preston Plucknett.
They are part of the Diocese of Bath and Wells within the Church of England. The parish office address is St James’ Church Preston Plucknett, Preston Road, Yeovil, Somerset, BA20 2EZ
These financial accounts are the consolidated accounts for St James, St Peter’s and St Peter’s Community Centre. A summary of the separate accounts can be found under notes 17,18 and 19.
Owing to the overall turnover being over £100,000 the PCC is registered with the Charity Commission as a charity in its own right. The Charity Registration number is 1158827.
The PCC is aware of the risks to which it may be exposed. Financial risk is managed through the PCC’s financial procedures. Insurance continues to be with EIG. Statutory and legal requirements, in particular health & safety and safeguarding are closely monitored by nominated individuals on the PCC and consents, processes, procedures and records are sought or maintained, as necessary. The PCC is aware of the introduction of the General Data Protection Regulations in May 2018 and maintains arrangements to ensure compliance
The members of the PCC are appointed according to arrangements set out in the Church Representation Rules. Members are recruited from those on the Church Electoral Rolls and appointed for a three-year term. The appointment is made either by approval at the Annual Parochial Church Meeting or by election if necessary. New members are introduced to PCC procedures and workings.
## **Aims and Purposes.**
The Parochial Church Council (PCC) has the responsibility of co-operating with the incumbent the Reverend David Keen, and the Associate Vicar Rev Ruth Chapman, in promoting the whole mission of the Church of England, pastoral, evangelistic, social and ecumenical.
The PCC is also specifically responsible for the maintenance of the Church Buildings comprising St James main church, entrance vestibule and office and church room, and St Peters main church and St Peters Community Centre. The parish supports a monthly act of worship in the Abbey Community Centre, and also in care homes around the parish.
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The Parochial Church Council of Preston Plucknett Annual Report and Financial Statements for the Year ending 31[st] December 2021
## **List of Members**
PCC members who have served from 1[st] January 2021 until the date this report was approved are:
|Vicar||Rev David Keen||Chairman|
|---|---|---|---|---|
|Associate Minister||Rev Ruth Chapman|||
|Church Wardens|St James|Mr. Graham Hardacre|||
||St James|Mr. Barry Julier|(Resigned Oct 2021)||
||St Peters|Mrs. Caroline Turner|||
||St Peters|Mrs. Annie Nixon|(Resigned April 2021 )||
||St Peters|Mr Ian Croxford|(Appointed June 2021)||
|||Mrs. Jackie Parsons||PCC Secretary|
|Deanery Synod|St Peters|Mrs. Margaret Hamilton|||
||St Peters|Mr. Mike Nixon|(Resigned Dec 2021)||
||St James|Mr Christopher Harris|||
||St James|Mr John Hanson|||
|Elected Members|||||
||St James - 2018|Mr. Mike Eaton|||
||St James - 2018|Mr. Ian Holloway||Health & Safety Officer|
||St James - 2019|Mr. Rob Kirton|||
||St James - 2019|Mr. Douglas Beard|||
||St James - 2019|Mrs. Pam Kirton|||
||St James - 2020|Mr. Mark Felstead|||
||St James - 2020|Mr. Agostino Colaco|||
||St James - 2021|Ms Amanda Skeats|||
||St James - 2021|Mrs Ruth Kirkham|||
||St Peters - 2020|Mrs. Kristi Baker|||
||St Peters - 2020|Mrs. Frances Croxford||PCC and St Peters Treasurer|
||St Peters - 2020|Mrs. Rhoda Wilson|||
|Co - Opted||Mr Michael Cox|Safe Guarding Officer||
|||Mrs Lynne Biles|(Appointed April 2021)|St James Treasurer|
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The Parochial Church Council of Preston Plucknett
st
Annual Report and Financial Statements for the Year ending 31 December 2021
Statement of Members Res
onsibilities
The members are responsible for preparing the Annual Report and the financial statements in
accordance with applicable law and United Kingdom Accounling Stsndards (United Kingdom
Generally Accepted Accounting Praclicel.
The law applicable lo charits'es in England and Wales requires the members to prepare financial
statements for each financial year which give a true and fair view of the stale of affairs of the charity
and of the incoming resources and application of resources of the charity for that period. In preparing
these financial statements, the trustees are required to..
seleGt suitable accounting policies, as described on page 18 and then apply them consistently,.
obseNe the methods and principles in the Charities SORP..
make judgements and estimates thal are reasonable and prudent;
slate whether applicable acwunting standards have been followed, subject to any material
departures disclosed and explained in the financial slat8ments'.
prepare the financial statements on the going concern basis unless it is inappropriate to
presume that the charity will continue in operation.
The members are responsible for keeping proper accounting records that disclose with reasonable
accuracy at any time the financial position of the charity and enable them to ensure that the financial
statements comply wilh the Charities Act 2011 and the Charity (Accounts and Reports) Regulations
2008. The members are also responsible for safeguarding the assets of the charity and hence for
taking reasonable steps for the prevention and detection of fraud and other irregularities.
Rev D Keen (Chaimanl
J Parsons (Secretary)
Date: 3 April 2022.
Page 5 of 28
The Parochial Church Council of Preston Plucknett Annual Report and Financial Statements for the Year ending 31[st] December 2021
## **Membership** :
The PCC maintains separate electoral rolls for each of our Churches.
## **St James**
As at March 2021 there were 93 parishioners (2020 – 93) on the St James’ Electoral Roll. Church membership, those who regularly worship and are counted as part of the annual parish return, is 114* (2020 – 122) and the average weekly attendance, taken during October 2021 was 53** adults (2020 – 23) and 7 children (2020 – 0).
_*During the year we had a reduction of 10 members; 5 deceased, 3 moved away, 2 joined another church. But 8 new members were added._
_**These figures were average actual church attendance during October limited by Covid restrictions. However, using the same formula applied last year for calculating ‘attendance’ based on figures extracted from Youtube analytics then the averages for October come out at 70 adults (80 -2021) and 8 children (8 – 2021). These figures include ‘actual’ church attendance._
The PCC maintains separate electoral rolls for each of our Churches.
## **St Peters**
As at March 2021 there were 48 parishioners (2020 – 48) on the St Peters’ Electoral Roll. Church membership, those who regularly worship and are counted as part of the annual parish return, is 59 (2020 - 59) and the average weekly attendance, taken during the October 2021 count was 30 adults (2020 - 20) and 2 (2020 -0) children. Also 15 adults and 11 Children addended Messy Church.
## **Objectives and Activities**
The trustees have paid due regard to the guidance given by the Charity Commission on public benefit when deciding what activities, the charity should undertake.
The objectives of the PCC are summed up in our vision statement: -
The PCC’s vision is to be a wholehearted church where we:
- Encounter God
- Grow Disciples
- Live the Gospel 24/7 in our daily frontline.
- Gather Community, both within the church, and within the parish.
This happens through the gathered life of the church (Sundays and in cell groups) in our ministries and programs (children and families ministry, groups for senior citizens, pastoral visitors etc.) and in the lives of church members in their day-to-day settings.
The PCC is committed to enabling both churches to grow and flourish. The PCC maintains an overview of worship, finance, outreach,[i] ministry, facilities, and parish policies (e.g. Safeguarding). All of this is to serve our calling as God’s people – a people who worship God through Jesus, and who share the message of Jesus with the world.
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The Parochial Church Council of Preston Plucknett Annual Report and Financial Statements for the Year ending 31[st] December 2021
## **Achievements and Performance**
## **Covid**
The Covid-19 pandemic overshadowed the whole year, with some form of restrictions in place throughout. The year began with a national lockdown, with small outdoor gatherings allowed from April, indoor gatherings up to 6 people from May, and restrictions on gatherings for worship, funerals and weddings lifting during May-July. Infection rates remained high, but with increased levels of vaccinations, wide availability of home testing, and face coverings, it was deemed safe to meet indoors without social distancing, and even to sing!
Much of the year was spent adapting and responding to the latest guidance and laws. For several months it felt like the whole of the life of the church was conducted through a video screen. Our cell groups all managed to keep going, and were at the heart of our pastoral support and encouragement of each other through a difficult year. A system of ‘phone pastors’ for the housebound and isolated helped us to keep in touch with many people across both churches.
Here are some of the things that happened in 2021:
- Zoom Lent course on ‘Seasons of Hope’
- Sermon series on ‘The Good Book’, exploring how to read, understand and apply the Bible.
- Home worship resources delivered to houses and shared through social media
- ‘Treats for Teachers’ and ‘Hampers for Helpers’ delivered to local schools, care homes and Summerlands hospital
- Regular ‘e-news’ keeping everyone in touch, and a home delivered newsletter for those without access to email and the internet
- Making use of Youtube to stream Sunday services and post content midweek to keep people encouraged and spiritually fed.
- Opening the church for personal prayer, including an installation of 365 candles for the National Day of Reflection, 1 year on from the first lockdown.
- Autumn sermons focused on ‘Talking Heads’ – the carved heads in St James of a range of Old Testament figures, and what they might say to the church today. St Peters created its own (laminated!) versions to hang from the fixtures in the church.
After restrictions lifted in the summer, church members have been slowly returning to in-person worship, but in numbers significantly down on pre-lockdown levels. Others have continued to value the live streamed service, when unable to join us in person due to illness, shielding or family commitments.
The St James at 3 service, specifically for families, stopped so that families could re-integrate with the morning congregation, and a monthly all-age service was introduced. The number of children and younger families in the congregation had already fallen prior to lockdown, this should now be an area of concern and prayer for all church members.
## **Worship**
We began the year with a single act of worship, webcast from St James, for the whole parish. Our practice evolved over the year as restrictions allowed. With the ban on a shared communion cup, communion was reduced to 1 a month at each church, shared by intinction, plus a weekly midweek communion alternating between the two churches.
## **Children, Youth and Families**
Doing any sort of children’s or youth work during covid restrictions was very challenging. Both the ‘Lift’ youth group at St James and Tea and Toast at St Peters resumed in the autumn, as did Sunday children’s groups at St James, the Tots and Toys baby group, and Abbey Toddlers at the Abbey Community Centre. Messy church also resumed, with smaller numbers than prior to lockdown, but this gave an opportunity for deeper conversation.
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## The Parochial Church Council of Preston Plucknett Annual Report and Financial Statements for the Year ending 31[st] December 2021
Schools work was also a challenge, but we have been able to start mentoring work at Westfield school through our youth worker Ruth Glendinning, and Rev Ruth Chapman delivered a number of online assemblies for our primary schools. Rev Ruth also lead the team running our all age services, which have enabled all ages in the church family to worship together.
We are so grateful to all of those who serve with all of these ministries.
## **Outreach**
Our outreach had to be completely rethought in the light of covid, which in turn made us more creative. Window displays, hamper deliveries, Christmas trails, candle vigils, outdoor coffee mornings, along with trying to find creative ways to engage guests at baptisms, weddings and funerals. Our Youtube presence has proved a real blessing in this, as we have been able to share these events with many people who couldn’t join us in person. Its been a great blessing to see new members joining both churches as we came out of lockdown, and to see a renewed enthusiasm for many of our social groups as we enjoyed the freedom to meet one another again.
## **People**
It was a great sadness to lose 3 faithful and dedicated members of St James during the year: Chris Rusling, Barry Julier and Alan Read. Both churches have seen some key members become physically frailer, or move away. It has been a hard year.
## **PCC restructuring**
From the 2021 AGM, St Peters had a formal representation on the PCC of 3 elected members, with 9 elected from St James. A new St James Church Committee was formed, to oversee the worship, ministry and outreach of St James (previously covered by the PCC). The PCC will focus on matters which affect the whole parish, including legal, financial, staffing and safeguarding.
## **Mission Partners**
At the AGM, Open Doors and Counselling for Yeovil were chosen as Mission Partners for the next 4 years, alongside Christians Against Poverty and The Lords Larder. With 2.5% of general income set aside from each church (St Peters raised this to 5%) plus Lent and Christmas collections, we were able to donate £1000 to each mission partner in 2021.
## **St Peters Community Centre**
For the first few months of the year, this was used exclusively by Yeovil community midwives, an arrangement which worked well for both parties. The midwives have remained as other users have returned, and several covid grants have helped us to keep the Centre Manager in place, rather than on furlough. Nearly all the groups which originally met in the Centre have returned, and it is being well used.
## **Staffing and Ministry**
Sandie Porter and Mel Andrews completed their training as Lay Pastoral Assistant. Lay Reader Mike Nixon has moved away. Ian Holloway agreed to be temporary Assistant Warden at St James following the death in post of Barry Julier.
Rev David Keen had a sabbatical from May-July.
We are grateful to the churchwardens and team at both churches for helping us through the year, to our retired clergy Graham Perryman and Laurence Meering, and to Rev Alison Handcock for helping us with funerals throughout the year.
**Thank you** to everyone who supports the church financially, both churches finished the year in the black, which is remarkable considering the restrictions in place. We are grateful to Frances Croxford, who became PCC Treasurer in April, and Lynne Biles who became St James Treasurer at the same time. We are in good hands, and we are in the hands of a good God.
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The Parochial Church Council of Preston Plucknett Annual Report and Financial Statements for the Year ending 31[st] December 2021
It’s been encouraging to see the heartbeat of prayer continue at both churches, including weekly Zoom prayers during lockdown, our sharing in the Yeovil-wide Virtual Prayer Room, regular gatherings for prayer at both churches, and our prayer chains which have been well used during the year.
A further joy has been to hear how people have rallied round one another. In many ways 2021 has shown the church at its best, defined not by an event gathered in a building, but by love, service, encouragement, prayer, care and fellowship. Thankyou everyone for being part of this.
Finally a big thankyou to Rev Ruth Chapman, who has been a joyful and consistent support to me, and I suspect to many of us, in one of the most demanding years any of us have been through. Now may the God of hope fill us with all joy and peace as we trust in Him.
_Rev David Keen, February 2022._
## **Deanery Synod Report**
Deanery Synod has met three times in the past year and the two reps from **St Peter’s** have been **Margaret Hamilton and Mike Nixon** . There is now a vacancy to replace Mike Nixon who has moved to Devon.
**Tuesday 29[th] June’21** we met in St John’s church where we had a simple service to say goodbye and thank you to Revd James Dudley Smith who was standing down from his role as Area Dean. As usual we shared news from the parishes and were updated on events from Diocesan Synod and General Synod.
We then met in St Peter’s church **on 22[nd] November ’21** . This was an opportunity for Deanery Synod reps to have a guided tour round St Peter’s community Centre which had just celebrated two years since opening. Coffee was served in the Community Centre and reps were able to see the fruits of their prayers.
Revd Bruce Faulkner was introduced as the temporary area Dean whilst a new permanent area dean was sought.
We had news from the parishes. News from Diocesan Synod from Revd David Keen. News from General Synod from James Carey and an update on General Synod elections. Deanery Synod reps were able to vote for lay members to general synod.
David Maggs introduced the new diocesan resource pack and invited us to sign up and receive packs for use in our parish. David Maggs also updated us on Modern day slavery, county lines, COP 26, and Lambeth conference all of which he had reported on in previous Deanery Synod meetings before Covid restrictions.
On **8[th] February ’22** we met together on Zoom in the face of steadily rising transmission of Covid in South Somerset. As usual we shared news from the parishes and items for the deanery prayer diary.
The focus of this meeting was on chaplaincy and Mike Haslam the chaplaincy advisor for the diocese introduced the topic and explained the overall concept. He then introduced Linda Hann chaplain for Yeovil hospital, Helena Power chaplain to Rockwell Green estate and primary school, who spoke about their work and answered questions. Revd James Dudley Smith read a report from Ben Graham chaplain to Yeovil College as Ben was unable to be with us in person.
Revd David Keen updated us on Diocesan Synod. Future meetings will be held on 21[st] June and 25[th] October.
MARGARET HAMILTON 10[TH] FEBRUARY 2022
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The Parochial Church Council of Preston Plucknett
Annual Report and Financial Statements for the Year ending 31[st] December 2021
## **Annual Safeguarding Report to St James’ and St Peter’s PCC**
## **Overview**
Due to the COVID-19 pandemic face-to-face church activities were mostly suspended until the middle of 2021 and so activity with a safeguarding involvement was significantly reduced. No known significant issues or concerns have been raised or reported during the last year and where necessary safe recruitment procedures have continued. The main safeguarding headlines from the last year are as follows:
## **Parish Safeguarding Policy**
Following an extensive review by the Parish Safeguarding Officer (PSO) v2.0 of the policy was approved by the PCC and published in Feb 21. An annual review will be commenced in Feb 22 to update the document against recent changes in Church of England or Diocesan safeguarding policy.
## **Disclosure and Barring Service (DBS) check validity**
Historically these mandatory checks as part of safe recruitment had a 5 year renewal period. From Jan 2022 the Church of England will require all new and current DBS checks to be renewed at the 3 year point. A review of our current DBS checks in our parish has commenced and individuals will be contacted and asked to renew at the appropriate time.
## **Parish Safeguarding Dashboard**
This is an extensive new dashboard issued by the Diocese in Mar 2021. It covers various safeguarding policy areas that require a status response to questions with the aim to identify areas that require further action to achieve best practice and meet Church of England policy. New requirements were introduced in Jan 2022 and our current parish assessment is below: Policies and Action Plan - Green Safeguarding Procedures - Green Safeguarding Roles - Green Reviews and Reports – Green Training for Key Roles – Red (see action plan below) Church Activities – Amber (see action plan below) Displayed Information – Green
Safer recruitment and People Management – Amber (see action plan below)
Actions Required
Training for key roles – New training courses required from Jan 22 for the PSO and PCC members.
Church Activities – The 5 authorised church activities involving children and young people now require status questions to be answered from Jan 22.
Safer Recruitment and People Management – From Jan 22 survey questions on church procedure and status are required to be answered.
## **Safeguarding Training**
A new learning and development framework has been published by the Church of England in Jan 22. This will require all PCC members and Church Wardens to have completed not just the on-line Basic Awareness but the Foundation level course as well.
## **Storage of Safeguarding Forms and Documentation**
All current and historic safe recruitment and DBS paperwork has now been transferred to a locked filing cabinet located in the vestry at St Peter’s church. Access is restricted to Rev Ruth, Sue McFadden and myself as PSO.
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The Parochial Church Council of Preston Plucknett Annual Report and Financial Statements for the Year ending 31[st] December 2021
## **Safeguarding priorities for the coming year**
- a. Review and ensure DBS checks are renewed at the 3 year point.
- b. Ensure approved volunteers and PCC members complete required training courses.
- c. Complete action plan from Safeguarding dashboard.
- d. Review and update Parish Safeguarding Policy, gain PCC approval and publish.
## **and finally….**
After over 18 years in the role of Child Protection officer and more lately Parish Safeguarding Officer, I will formally stepping down from this voluntary role at this AGM. My records go back to June 2003 when I produced the first report for the PCC and there have been extensive changes in safeguarding policy to keep track of and implement during that time. I know the Diocese believe our parish is in a good position in terms of safeguarding policy and procedure and this will make the job of my successor much easier. With that in mind I will be giving a full handover and offer my support and guidance over a period of a few months to assist whoever takes over.
Mike Cox
St James’ and St Peters’ Parish Safeguarding Officer 14[th] Feb 2022
## **Building and Fabric Reports**
## **Church Buildings and Fabric Report for 2021 – St James’**
The PCC have continued to ensure that the fabric of the church buildings and surrounds have been kept in good condition.
All systems requiring annual safety and certification checks have been tested and recertified. This includes gas boilers, fire safety equipment, fire/security alarms and PAT testing.
Due to the Covid 19 restrictions no major works have been carried out and the work advised by the Quinquennial report has been put on hold until the financial situation improves.
Some small works and projects have been completed during the year including replacing the outside lighting on the church room; work to maintain the deteriorating floodlight system and the start of a 3 year programme to cut back the 6 yew trees that border the main entrance path at the front of church. The middle 2 yew trees were cut back hard in June and the other pairs of trees will be cut back over the next 2 years in sequence. Spreading out the work in this way will remove the danger of soil shock and the possible collapse of the raised bank to the path. Work was carried out under advice from the Diocesan tree expert and the first pair of trees have survived and are flourishing.
Proximity tags for the security alarm system have been issued to some of our regular, trusted church room users. This allows them to access the room and facilities without having someone from the church to unlock or lock up for them. Despite some initial concerns this has worked well and has been a great help in the logistics of opening and closing the premises securely.
The A/V installation has had further improvements so that streaming services and using the internal display system are better integrated. The church room internet connection has been enhanced by an improved WiFi repeater following requests from room users.
The churchyard and grounds have been maintained by a small team of dedicated volunteers who cut the grass and look after the flower beds.
And finally, we should record our thanks to the churchwardens, fabric team, grass cutters, church cleaners and everyone else who helped, for all their hard work during the past year.
Chris Harris
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## The Parochial Church Council of Preston Plucknett Annual Report and Financial Statements for the Year ending 31[st] December 2021
## **Church Buildings and Fabric Report for 2021- St Peters**
## **AV Systems**
- We installed a new Sound System, using the old but still very good quality Powered Mixer that was replaced in St James as part of their re-ordering, buying and installing quality loudspeakers and microphones.
- We purchased a very powerful reconditioned desktop computer, and high-definition camera with optical zoom to enable us to do live streaming from St Peter’s.
New banners (Faith, Hope, Love and Christmas) have been made and hung along with temporary paper banners.
New shelves for the pillars on the Coronation Avenue side for flower arrangements were donated.
The external woodwork on the porch was painted.
The 4 new chairs with arms finally arrived after 18 months.
The last remaining tungsten light bulbs were replaced with LEDs ensuring the entire site now has the most energy efficient lighting.
## **Fabric and Building - St Peter’s Community Centre**
A shed for the gardening tools was purchased and erected.
A new Fridge and Freezer was installed in the “Bin Store” for the Community Pantry.
The Central Heating pump for the reception area and meeting room failed and was replaced. Ian Croxford
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The Parochial Church Council of Preston Plucknett Annual Report and Financial Statements for the Year ending 31[st] December 2021
## **2.Independent Examiners Report to the Trustees of the Parochial Church Council of the Ecclesiastical Parish of Preston Plucknett**
I report on my examination of the accounts of the above charity (“the Trust”) for the year ended 31[st] December 2021 set out on pages 16 to 28.
## **Responsibilities and basis of report**
As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under Section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under Section 145 (5)(b) of the Act.
## **Independent Examiner’s Statement**
I have completed my examination, I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe in any material respect:
- the accounting records were not kept in accordance with section 130 of the Charities Act, or
- the accounts did not accord with the accounting records; or
- the accounts did not comply with the applicable requirements concerning the form and content of accounts
- set 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 concerns 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 be reached.
S M Bachrach, Chartered Accountant
Independent Examiner
Chalmers & Co (SW) Limited
Chartered Accountants
Trading as Chalmers & Co
6 The Linen Yard
South Street Crewkerne Somerset
Date: 3 April 2022
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The Parochial Church Council of Preston Plucknett Annual Report and Financial Statements for the Year ending 31[st] December 2021
## **3.Financial Review and Reserves Policy**
## **Parish Financial Review**
_Note: Designated funds are those funds that the PCC has decided to allocate monies to. Restricted funds are those funds for which monies have been specifically given and are therefore restricted as to what they can be used for._
## **Income**
Total receipts on unrestricted and designated funds were £150,096 _(2020 - £140,738_ ) and for restricted funds £61,125 _(2020 - £54.071)_ giving a total income of £221,221 _(2020 - £194,809)_ .
The restricted fund receipts include £36,662 to St Peters Community Centre project, £17,470 to the Parish Youth Fund and £6,992 to St James Reordering fund.
## **Expenditure**
Expenditure on unrestricted and designated funds amounted to £115,253 (2020 - £120,512) and restricted funds £ 58,592 (2020 - £57,489 ) giving a total expenditure of £173,845 (2020 - £178,000).
Restricted Fund Expenditure includes £44,076 for St Peters Community Centre Project , £14,418 to the Parish Youth Fund and £97 St James Re Ordering Fund
## **Reserves policy**
It is PCC policy to try to maintain a balance on free reserves (net current assets) which equates to at least three months unrestricted payments. This is equivalent to £26,505 (St James £21,434 St Peters £5,071). It is held to smooth out fluctuations in cash flow and to meet emergencies. The balance of the free reserves at the yearend was £55,327(St James £35,631 St Peters £19,696). This exceeds our target.
However it would be desirable to set our target to be higher, say 6 Months unrestricted payments which would be £53,010 ( St James £42,868 St Peters £10,142) .
## **Funds**
A summary of funds can be found under note 6
## **General Unrestricted Funds**
It is good to see that we have this year despite the ongoing Covid situation finished the year with a unrestricted fund of £55,327. And, this has been achieved whist having as at the year end, paid our Quota to the common fund in full from both churches.
## **Funds that are Relevant to the whole Parish are :-**
## **Parish Giving Fund**
This includes both the Parish Mission giving fund and the Parish community Fund. We have transferred into the fund £2,368 from General funds and £4,158 was added from lent and advent giving and other events. This year we fulfilled our giving pledges to our 4 mission partners of £1000 each and also additional payments of £401 due to St Peters Bingo fundraising for the Lords Larder.
## **Parish Youth Fund**
We started the year at a balance of £10,736 , £17,470 was added and costs were £14,418. The balance as at 31 Dec 2021 was £13,788
It is our policy to invest our funds balances with the CBF Church of England Deposit Fund. A new Account was opened for St James this year and a Balance of £40,000 was deposited there . St Peters holds a separate account with a balance of £26,288.
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The Parochial Church Council of Preston Plucknett Annual Report and Financial Statements for the Year ending 31[st] December 2021
## **St James Church Financial Review**
## **Income**
Total receipts on unrestricted funds and designated funds were £127,193 _(2020 - £101,681_ ). Receipts for restricted funds £24,462 _(2020 - £12,113)_ giving a total income of £151,654 _(2020 - £113,794)_ .
The restricted fund receipts include, £17,470 to the Parish Youth Fund and £6,992 to St James Reordering fund.
## **Expenditure**
Expenditure on unrestricted funds and designated funds amounted to £93,317 (2020 - £85,563) and restricted funds £14,515 (2020 - £15,723) giving a total expenditure of £107,833 (2020 - £101,286.
Restricted Fund Expenditure relates to £14,418 to the Parish Youth Fund and £97 reordering Fund.
## **Reserves policy**
It is St James policy to try to maintain a balance on free reserves (net current assets) which equates to at least three months unrestricted payments. This is equivalent to £21,434 (2020 - £19,765). It is held to smooth out fluctuations in cash flow and to meet emergencies. The balance of the free reserves at the yearend was £35,631 ( 2020 £33,737).This exceeds or target , which is amazing considering the year we have had!
## **Funds**
A summary of funds can be found under note 6. At the year end the **St James Re-ordering fund** shows an overdrawn balance due to the £10,000 loan from the Diocese. This will be repaid using the money pledged by our generous church members and is due to be repaid in full by May 2022 , Hooray !!!! **Taylor Fund** , we have had a generous donation designated for fabric which stands at £17,553. And then also we have had over the year £13,500 legacies and donations which have been at present allocated to **Other Designated funds** , we still need to decide how to allocate these funds.
## **St Peters Church Finance Review**
Overall, we have managed this year to do better than anticipated, we had budgeted for a loss on the General Fund, but ended the year with a small surplus of £1,636. We still have £3,831 in a church Reordering Fund , which we have agreed to leave for future repair work due on the building. The Community Centre has had increased lettings and secured some Outside funding and although it shows a loss of £7,414 for the year this is due to expenditure on the proposed new Car Park (see note 19 for details)
## **Income**
Total receipts on unrestricted and designated funds were £22,905 _(2020 - £39,057_ ) and for restricted funds £36,662 _(2020 - £41,958 )_ giving a total income of £59,567 _(2020 - £81,015 )_ .
The restricted fund receipts relate to income for the St Peters Community Centre. See Note 19.
## **Expenditure**
Expenditure on unrestricted and designated funds amounted to £21,937 (2020 - £34,949 ) and restricted funds £44,076 (2020 - £41,766) giving a total expenditure of £59,567 (2020 - £76,715).
The restricted Fund Expenditure relates to expenses for the St Peters Community Centre .See note 19
## **Reserves policy**
It is St Peters policy to try to maintain a balance on free reserves (net current assets) which equates to at least three months unrestricted payments. This is equivalent to £5,071 (2020 – £4,997). It is held to smooth out fluctuations in cash flow and to meet emergencies. The balance of the free reserves at the year-end was £19,696 (2020 - £ 18,060), which exceeds our target.
## **Funds**
A summary of funds can be found under note 6. At the year end the St Peters Community Centre fund shows a balance of £58,143 which is held for the running of the Community Centre See Note 19. This was agreed and minuted at both St Peters committee and St Peters Community Centre Management Committee.
Page **15** of **28**
The Parochial Church Council of Preston Plucknett Annual Report and Financial Statements for the Year ending 31[st] December 2021
## **4.Parish Statement of Financial Activities**
For the year ended 31 December 2021
|||**Notes**
**Unrestricted**
**Designated**
**Funds**
**Restricted**
**Funds**
**Year to**
**Date**
**Prior Year**|
|---|---|---|
|**Income**|||
|Charitable Activities
Grants and Donations
Income from Investments
Activities for Generating Funds
**Total Income**
**Expenditure**|Charitable Activities|**4(a)**
92,610
3,063
11,090
106,763
122,640|
||Grants and Donations|**4(b)**
3,051
30,945
21,767
55,763
44,668|
||Income from Investments|**4(c)**
21
0
5
26
185|
|||**4(d)**
13,869
6,539
28,262
48,670
27,316|
|||**109,551**
**40,546**
**61,125**
**211,222**
**194,809**|
||Cost of Events and Activities|**5(a)**
263
4,396
5,136
9,795
8,474|
||Mission and Charitable Giving|**5(b)**
3,377
2,404
400
6,181
5,835|
||Directlyrelatingto the Church|**5(c)**
98,331
924
39,414
138,669
119,603|
||Major Capital Costs|**5(d)**
0
1,478
9,255
10,733
38,332|
||Other Costs|**5(e)**
4,050
31
4,387
8,468
5,757|
|**Total Expenditure**
**Net Income /(Expenditure)**
**Fund Balances**||**106,020**
**9,233**
**58,592**
**173,846**
**178,001**|
||**Net Income /(Expenditure)**|**3,530**
**31,314**
**2,532**
**37,376**
**16,808**|
||||
||Fund Balances B/F|51,797
7,776
66,057
125,630
108,822|
||**Fund Balances C/F**|**6**
**55,327**
**39,090**
**68,589**
**163,006**
**125,630**|
Page **16** of **28**
The Parochial Church Council of Preston Plucknett
st
Annual Report and Financial Statements for the Year ending 31 December 2021
5.Parish Statement of Financial Position
As at 31 December 2021
T*)tsl
Prior
Y•ar
Y•ar •nd
31 Doc 2021 31 Dec 2020
Not•s
UnrlrIG1ed Desigt•d
Funda
Fun
Ro$tri¢tod
Funds
Fixed Assets
Tangible Assets
Fixed assets
Total Fixed Assets
Current Assets
Debtors and Prepaymen15
9.262
870
-14
8.642
Cash at bank and in hand
Sl James
Sl Peters
Total Cash at bank and in hand
27.839
19,328
4T,167
37.211
3,410
40,621
22.479
61,679
84158
87.529
84.417
171,946
53.502
86.774
140,276
10
Total Current Assgts
56,429
41,491
180,58B
147,721
Croditors: amounts falllng duo wlthln one year
Creditors and Accruals
AccrLJals - St James
Accruals - St Peters
Accounts Payable
Sl James Loan
Total Creditors.. amounts falling
due within one year
Net Current Assets (Liabilities)
Total Ass•ts 1•8s Curr•nt Liabilities
240
2.240
1.922
3.420
10.OLN)
1,305
401
3,420
10,000
11
1.102
2,401
14,079
17.582
2.091
55,327
39,090
68,589
183,006
145,830
55.327
30.000
68.58
163.006
145.63
Crgdltors: amounts falllng due after moro than one year
Sl James Loan
20.Otx)
20,OOQ
125,630
Net Assets
55,327
39,090
68,589
163,006
Funds and Reserves
Total Parish Funds and R8s8rve$
Fund Balances - Si James
Fund Balances - St Peters
35.632
19,695
34.611
4.479
10.447
58.142
80.6
82.316
36.867
88.763
Total Parish Funds and R#sèrves
55,327
39,090
163.006
12S.$30
The notes on pages 18 to 28 fom part of the accounts.
Approved by the PCC on 3 April 2022 and signed on its behalf by'.-
Reverend David Keen (Chair Person)
and Mrs Frances Croxford IPCC Treasurer)
Reverend David Keen
Mrs Frances Croxford
Page 17 of 28
The Parochial Church Council of Preston Plucknett Annual Report and Financial Statements for the Year ending 31[st] December 2021
## **Notes to the Accounts**
## **for the year ended 31[st] December 2021**
## **1. General Information**
The PCC is a charity registered with the Charity Commission in England & Wales, number 1158827, and is unincorporated. The address of the principal office is The Parish Office, St James’ Church, Preston Plucknett, Preston Road, Yeovil, Somerset, BA20 2EZ
## **2. Statement of Compliance**
The Financial Statements have been prepared under the historical cost convention and on an accruals basis in accordance with the Church Accounting Regulations 2006 and Charities Act 2011, together with applicable accounting standards, FRS 102 and the Charities SORP (FRS 102).
## **3. Accounting Policies**
## **Basis of preparation**
The Financial Statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the Financial Statements of church groups that owe their main affiliation to another body. The financial statements are prepared in sterling, which is the functional currency of the entity.
## **Funds**
See separate notes 6 and 16.
## **Income**
Collections are recognised when receivable by or on behalf of the PCC.
The income from social events etc. is accounted for gross of expenses at the time it is received.
Rental income from the letting of church premises is recognised when receivable.
Interest is accounted for when receivable.
All legacies receivable are credited to the statement of financial activities as incoming resources.
Donations under gift aid are recognised as income when the donation is received. Donations of items other than cash are included in income at current value.
Income tax recoverable under the gift aid scheme is recognised at the same time as the donation to which they relate.
## **Expenditure**
Resources expended are shown gross, including irrecoverable VAT, and are accounted for on an accruals basis. Costs are allocated directly to the category to which they relate or apportioned on an equitable basis where they involve more than one category. Where this allocation is not possible costs are allocated within “other costs”. Missionary and Charitable giving is accounted for when awarded and paid.
Page **18** of **28**
## The Parochial Church Council of Preston Plucknett Annual Report and Financial Statements for the Year ending 31[st] December 2021
## **Fixed Assets**
Consecrated and beneficed property is excluded from Financial Statements by s10(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 inalienable property. All expenditure incurred during the year on consecrated or beneficed buildings and moveable church furnishings, whether maintenance or improvements, is written off as expenditure in the Statement of Financial Activities (SOFA) and separately disclosed in the notes to the Financial Statements. The value of the church hall is not included in the Statement of Financial Position as it forms part of a single building with St Peter’s Church. All expenditure incurred in the year on maintenance or improvement of the property is written off as expenditure in the SOFA and separately disclosed in the notes to the Financial Statements. Other fixed assets over £5,000 are capitalised at cost and depreciated over 4 years on a straight line basis.
## **Current Assets**
Amounts owing to the PCC at the balance sheet date are shown as debtors.
Short term deposits include cash held on deposit with CBF Church of England Funds.
## **Current Liabilities**
Creditors are provided in the accounts when expenditure is incurred in the accounting year but not paid until later accounting periods.
## **Grants**
Grants are accounted for on the basis of date of receipt.
## **Value Added Tax**
The charity is not registered for VAT. VAT on certain repairs to the church building can be reclaimed under the Listed Places of Worship Scheme.
## **Judgements and key sources of uncertainty**
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
## **Going concern**
There are no material uncertainties about the charity's ability to continue.
Page **19** of **28**
## The Parochial Church Council of Preston Plucknett
## Annual Report and Financial Statements for the Year ending 31[st] December 2021
|**4 a. Charitable Activities**|**4 a. Charitable Activities**|**Unrestricted**
**Designated**
**Funds**
**Restricted**
**Funds**
**Year to**
**Date**
**Prior Year**|
|---|---|---|
|Planned Giving- Gift Aided Donations
Planned Giving- Other
Collections -Openplate
Special Collections
Gift Aid Recovered and Due
Gift days
**Total Charitable Activities**|Planned Giving- Gift Aided Donations|56,534
0
5,880
62,414
59,603|
||Planned Giving- Other|5,827
0
1,965
7,792
7,041|
||Collections -Openplate|5,955
443
0
6,399
5,689|
||Special Collections|980
0
400
1,380
195|
||Gift Aid Recovered and Due|18,084
2,620
2,495
23,199
24,184|
|||5,230
0
350
5,580
25,928|
|||**92,610**
**3,063**
**11,090**
**106,763**
**122,640**|
|**4 b. Grants and Donations**|**4 b. Grants and Donations**|**Unrestricted**
**Designated**
**Funds**
**Restricted**
**Funds**
**Year to**
**Date**
**Prior Year**|
|---|---|---|
|Donations and Appeals - St James
Donations and Appeals - St Peters
Legacy- St James
Grants
**Total Grants and Donations**|Donations and Appeals - St James|2,300
10,533
3,960
16,793
11,295|
||Donations and Appeals - St Peters|751
524
0
1,275
7,924|
||Legacy- St James|0
19,888
0
19,888
0|
|||0
0
17,807
17,807
25,450|
|||**3,051**
**30,945**
**21,767**
**55,763**
**44,668**|
|**4 c. Income from Investments**|**Unrestricted**
**Designated**
**Funds**
**Restricted**
**Funds**
**Year to**
**Date**
**Prior Year**|
|---|---|
|Bank Interest Received
**Total Income from Investments**|21
0
5
26
185|
||**21**
**0**
**5**
**26**
**185**|
|**4 d. Activities for Generating Funds**|**4 d. Activities for Generating Funds**|**Unrestricted**
**Designated**
**Funds**
**Restricted**
**Funds**
**Year to**
**Date**
**Prior Year**|
|---|---|---|
|Fees Received Wedding
Fees Received - Funerals
Fees Received - Due to DBF
St Peters CommunityCentre Letting
Mums and Toddlers Income
Fund Raising- St James
Fund Raising- St Peters
Lettings - St James Church
Lettings - St Peters Church
Other Income - St James
Other Income - St Peters
**Total Activities for Generating Funds**|Fees Received Wedding|419
400
0
819
1,049|
||Fees Received - Funerals|4,570
0
0
4,570
3,119|
||Fees Received - Due to DBF|0
5,738
0
5,738
4,576|
||St Peters CommunityCentre Letting|0
0
26,185
26,185
13,646|
||Mums and Toddlers Income|307
0
50
357
289|
||Fund Raising- St James|3,616
0
0
3,616
883|
||Fund Raising- St Peters|1,169
401
1,812
3,382
2,225|
||Lettings - St James Church|2,701
0
0
2,701
1,530|
||Lettings - St Peters Church|477
0
0
477
0|
||Other Income - St James|370
0
0
370
0|
|||240
0
215
455
0|
|||**13,869**
**6,539**
**28,262**
**48,670**
**27,316**|
Page **20** of **28**
## The Parochial Church Council of Preston Plucknett Annual Report and Financial Statements for the Year ending 31[st] December 2021
|The Parochial Church Council of Preston Plucknett
Annual Report and Financial Statements for the Year ending 31stDecember 2021|The Parochial Church Council of Preston Plucknett
Annual Report and Financial Statements for the Year ending 31stDecember 2021|
|---|---|
|**5 a. Cost of Events and Activities**
**Unrestricted**
**Designated**
**Funds**
**Restricted**
**Funds**
**Year to**
**Date**
**Prior Year**||
||Heat and Light CommunityCentre
0
0
3,094
3,094
1,977|
||Insurance - CommunityCentre
0
0
289
289
311|
||Venue Hire
263
0
0
263
363|
||DBF - Parochial Fees Paid
0
4,396
0
4,396
4,576|
||BursaryAwarded - CommunityCentre
0
0
1,753
1,753
1,247|
|**Total Cost of Events and Activities**
**263**
**4,396**
**5,136**
**9,795**
**8,474**||
|**5 b. Mission and Charitable Giving**
**Unrestricted**
**Designated**
**Funds**
**Restricted**
**Funds**
**Year to**
**Date**
**Prior Year**|**5 b. Mission and Charitable Giving**
**Unrestricted**
**Designated**
**Funds**
**Restricted**
**Funds**
**Year to**
**Date**
**Prior Year**|**5 b. Mission and Charitable Giving**
**Unrestricted**
**Designated**
**Funds**
**Restricted**
**Funds**
**Year to**
**Date**
**Prior Year**|
|---|---|---|
||Church Giving Transfers from General Fund to
Giving Fund
2,397
(2,397)
0
0
0||
||Parish Mission and CharityGiving||
||Parish Mission Partners||
||Christians Against Poverty|1,000
1,000
1,000|
||Lords Larder|1,000
1,000
1,000|
||Yeovil For Families|1,000
1,000
1,000|
||Open Doors|1,000
1,000
1,000|
||GivingRE 2019|1,640|
||||
||St Peters Bingo - Lords Larder|401
400
0|
||St Peters Bingo – CC Toilet Twinning|400
400
0|
||||
||HardshipFund Payments made|400
400
0|
||||
||Special Collections - St James|980
0
0
980
195|
||||
||||
|**Total Mission and Charitable Giving**||**3,376**
**2,404**
**400**
**6,180**
**5,835**|
|**5 c. Directly Relating to the Church**
**Unrestricted**
**Designated**
**Funds**
**Restricted**
**Funds**
**Year to**
**Date**
**Prior Year**|**5 c. Directly Relating to the Church**
**Unrestricted**
**Designated**
**Funds**
**Restricted**
**Funds**
**Year to**
**Date**
**Prior Year**|
|---|---|
||**DiocesanQuota**|
||Diocesan Quota - St James
65,632
0
0
65,632
60,225|
||Diocesan Quota - St Peters
14,985
0
0
14,985
13,031|
||**Total DiocesanQuota**
**80,617**
**0**
**0**
**80,617**
**73,256**|
||ClergyExpenses
1,539
0
0
1,539
1,718|
||Youth Work Expenses
112
0
0
112
161|
||Children's Work Expenses
686
0
0
686
735
**Heat and Light**|
||St James
3,207
0
0
3,207
2,700|
||St Peters
773
0
0
773
500|
||**Total Heat and Light**
**3,980**
**0**
**0**
**3,980**
**3,200**
**Insurance**|
||Insurance - St James
863
0
0
863
853|
||Insurance - St Peters
79
0
26
105
78|
||**Total Insurance**
**942**
**0**
**26**
**969**
**931**|
||Water Rates
66
0
100
166
171|
||Repairs and Maintenance
1,885
724
6,245
8,854
7,443|
||Staff Costs
8,504
200
33,043
41,746
31,990|
|**Total Directly Relating to the Church**
**98,331**
**924**
**39,414**
**138,669**
**119,603**||
Page **21** of **28**
## The Parochial Church Council of Preston Plucknett
## Annual Report and Financial Statements for the Year ending 31[st] December 2021
|**5 d. Major Capital Costs**
**Unrestricted**
**Designated**
**Funds**
**Restricted**
**Funds**
**Year to**
**Date**
**Prior Year**|**5 d. Major Capital Costs**
**Unrestricted**
**Designated**
**Funds**
**Restricted**
**Funds**
**Year to**
**Date**
**Prior Year**|
|---|---|
||St Peters Re decoratingCosts
0
0
0
0
11,074|
||St Peters CommunityCentre – Car Park
0
0
7,921
7,921
24,903|
||Equipment Purchased
0
1,478
1,334
2,813
2,355|
|||
|||
|**Total Major Capital Costs**
**0**
**1,478**
**9,255**
**10,733**
**38,332**||
|**5 e. Other Costs**
**Unrestricted**
**Designated**
**Funds**
**Restricted**
**Funds**
**Year to**
**Date**
**Prior Year**||
||Telephone
663
0
282
944
904|
||Stationary
1,154
0
111
1,265
759|
||IT and Software
227
0
106
334
329|
||Bank Fees
48
0
121
168
492|
||SundryExpenses
1,478
31
3,527
5,036
2,553|
||Independent Examination Fee
480
0
240
720
720|
|**Total Other Costs**
**4,050**
**31**
**4,387**
**8,468**
**5,757**||
Page **22** of **28**
## The Parochial Church Council of Preston Plucknett Annual Report and Financial Statements for the Year ending 31[st] December 2021
## **6 . Summary of fund movements**
|**Unrestricted Funds**
St James General Fund
St Peters General Fund
Total Unrestricted Funds
**Designated Funds**
Parish Giving & Hardship fund –
See note 1 below
Due to DBF Fund
Wedding Fund
St James Flower Fund
Taylor legacy Fund
St James -Other Designated Funds
St Peters Church Reorg Fund
St Peters Tea and Toast Fund
Total Designated Funds
**Restricted Funds**
Parish Youth Fund
St James Reordering Fund
St Peters Community Centre – see Note 19
Total Restricted Funds
TOTAL FUNDS
**Notes on Transfers between Funds**
1
Parish Giving & Hardship Fund
B/F
TRF’s from General funds
Lent and Advent Giving
Fundraising Bingo
PAID out to Mission Partners
Paid Out - Hardship Fund
St Peters Bingo - Lords Larder
Balance Transfer from St Peters to St James
Balance C/f|Balance B/F
as at 31 Dec
2020
Incoming
Resources
Resources
Expended
Transfers
Between
Funds
33,737
87,631
(85,736)
18,060
21,920
(20,285)|Balance B/F
as at 31 Dec
2020
Incoming
Resources
Resources
Expended
Transfers
Between
Funds
33,737
87,631
(85,736)
18,060
21,920
(20,285)|Balance C/F as
at 31 Dec 2021
35,632
19,695
55,327
1,725
1,343
200
291
17,553
13,500
3,831
647
39,090
13,788
(3,341)
58,142
68,589|
|---|---|---|---|
|||51,797
109,551
(106,021)
0
2,368
1,761
(2,404)
1
0
5,738
(4,395)
0
400
(200)
262
60
(31)
0
18,888
(1,335)
0
13,500
4,499
200
(868)
647
7,776
40,546
(9,233)
0
10,736
17,470
(14,418)
(10,236)
6,992
(97)
65,557
36,662
(44076)
66,057
61,124
(58,592)
0
125,630
211,221
(173,846)
0||
|1||||
||||163,006|
|||St James
St Peters
Total
2,368
0
2,368
1,514
883
2,397
976
384
1360
401
401
(2,000)
(2,000)
(4,000)
(100)
(300)
(400)
(401)
(401)
(1,033)
1,033
0
1,725
0
1,725||
Page **23** of **28**
## The Parochial Church Council of Preston Plucknett Annual Report and Financial Statements for the Year ending 31[st] December 2021
|**7. Fixed Assets**
**Total Year end**
**31 Dec 2021**
**Prior Year end**
**31 Dec 2020**|**7. Fixed Assets**
**Total Year end**
**31 Dec 2021**
**Prior Year end**
**31 Dec 2020**|
|---|---|
||Accumulated Depreciation
(9,600)
(9,600)|
||Fixed assets
9,600
9,600|
|**Total Fixed Assets**
**0**
**0**
**8. Debtors and Prepayments**
**Total Year end**
**31 Dec 2021**
**Prior Year end**
**31 Dec 2020**||
||Accounts Receivable
2,371
2,196|
||Gift Aid Due - St Peters
704
1,942|
||Gift Aid Due - St James
3,293
2,456|
||Church Banking
921
0|
||Prepayments
1,353
852|
|**Total Debtors and Prepayments**
**8,642**
**7,445**||
|**9. Cash at Bank and in Hand - St James**|**9. Cash at Bank and in Hand - St James**|**Total Year end**
**31 Dec 2021**
**Prior Year end**
**31 Dec 2020**|
|---|---|---|
||St James Church Current Account|25,377
15,742|
||St James Church Reserve Account|22,149
37,759|
||St James - CCLA Account|40,003
0|
||||
|**Total Cash at Bank and in Hand - St James**
**10. Cash at Bank and in Hand - St Peters**||**87,529**
**53,502**
**Total Year end**
**31 Dec 2021**
**Prior Year end**
**31 Dec 2020**|
||St Peters Church Current Account|2,927
6,420|
||St Peters Church Deposit Account|15,110
50,269|
||St Peters CommunityCentre Current Account|3,785
2,448|
||St Peters CommunityCentre Deposit Account|35,948
1,150|
||Pockit Card - CommunityCentre|357
210|
||St Peters Church CCLA account|26,287
26,274|
||St Peters PettyCash|3
3|
|**Total Cash at Bank and in Hand - St Peters**||**84,417**
**86,774**|
|**11.**|**Creditors and Accruals**
**Total Year end**
**31 Dec 2021**
**Prior Year end**
**31 Dec 2020**|
|---|---|
||Accounts Payable
(3,420)
0|
||Accruals - St James
(2,000)
(1,305)|
||Accruals - St Peters
(2,162)
(786)|
||St James ReorderingLoan from Diocese
(10,000)
0|
|||
|**Total Creditors and Accurals**
**(17,582)**
**(2,091)**
**12. Creditors due after one year**
**Total Year end**
**31 Dec 2021**
**Prior Year end**
**31 Dec 2020**||
|St James ReorderingLoan from Diocese
0
(20,000)||
|**Total Creditors due after one year**
**0**
**(20,000)**||
To be repaid at a rate of £10,000 per year until May 2022.
Page **24** of **28**
The Parochial Church Council of Preston Plucknett Annual Report and Financial Statements for the Year ending 31[st] December 2021
## **13. Related Parties**
No related party to the Parochial Church Council, including the PVV Members listed on page 4, has been paid or is payable remuneration or other benefits or expenses from the funds of the Parochial Church Council.
## **14. Staff Costs**
Staff Costs are £41,746 – wages £40,666 pension contributions £1,080. There were 5 part-time staff employed at various times during the year. There were no employees with earnings in excess of £60,000.
## **15. Independent examiner’s Remuneration**
Fee for independent examination £ 720 (2020: £720).
## **16. Details of Funds**
## **Restricted Funds**
These funds arise from donations given for specific purposes. Funds include those restricted to St Peters Community Centre New Build and Running Costs and other items.
In addition, funds from special services and associated donations are held temporarily to be distributed to the relevant charities and missionary organisations.
Details are shown in note 6.
## **Designated Funds**
These are funds designated for a particular purpose by the PCC.
Details are shown in note 6.
## **Unrestricted Funds**
Unrestricted Funds represent the funds of the PCC that are not subject to any restriction regarding their use and are available for application on the general purposes of the PCC.
Details are shown in note 6.
Page **25** of **28**
## The Parochial Church Council of Preston Plucknett Annual Report and Financial Statements for the Year ending 31[st] December 2021
## **17. St James Statement of Financial Activities**
## For the year ended 31 December 2021
|**Account**|**Account**|**Unrestricted**
**Funds**
**Designated**
**Funds**
**Restricted**
**Funds**|**Total Year end**
**31 Dec 2021**
**Prior Year**
**31 Dec 2020**|
|---|---|---|---|
|**Income**||||
||Charitable Activities|73,431
3,008
10,690|87,124
91,020|
||Grants and Donations|2,300
30,420
13,773|46,493
11,295|
||Income from Investments|8
0
0|8
33|
||Activities for GeneratingFunds|11,892
6,138
0|18,030
11,446|
|**Total Income**
**Expenditure**||**87,631**
**39,562**
**24,462**|**151,655**
**113,794**|
||Cost of Events and Activities|263
4,396
0|4,659
4,939|
||Mission and Charitable Giving|2,494
586
0|3,080
5,835|
||Directlyrelatingto the Church|80,095
1,671
14,418|96,184
87,757|
||Major Capital Costs|0
897
0|897
0|
||Other Costs|2,884
31
97|3,012
2,754|
|**Total Expenditure**
**Net Income /(Expenditure)**
**Fund Balances**||**85,736**
**7,581**
**14,515**|**107,832**
**101,285**|
||**Net Income /(Expenditure)**|**1,895**
**31,981**
**9,947**|**43,823**
**12,509**|
|||||
|Fund Balances B/F||33,737
2,630
500|36,867
24,359|
|**Total Fund Balances**
**Fund Balances C/F**||**33,737**
**2,630**
**500**|**36,867**
**24,359**|
||**Fund Balances C/F**|**35,632**
**34,611**
**10,447**|**80,690**
**36,867**|
|||||
|**Funds and Reserves**||||
|||||
||**Bank Balances**|||
||St James Church Current Account||25,376
15,742|
||St James Church Reserve Account||22,149
37,759|
||St James - CCLA Account
**Prepayments and Accruals**||40,003
0|
|||||
|||||
||Gift Aid Due - St James||3,293
2,456|
||OwingBetween St James and St Peters||755
1,388|
||Accruals - St James||(2,240)
(1,305)|
||Prepayments||1,353
826|
|||||
||Loan from the Dioses of Bath and Wells||(10,000)
(20,000)|
||**Total Funds and Reserves**|||
||||80,690
36,867|
Page **26** of **28**
The Parochial Church Council of Preston Plucknett Annual Report and Financial Statements for the Year ending 31[st] December 2021
## **18. St Peters Statement of Financial Activities**
## For the year ended 31 December 2021
|For the year ended 31 December 2021|For the year ended 31 December 2021|For the year ended 31 December 2021|
|---|---|---|
|**Unrestricted**
**Funds**
**Designated**
**Funds**
**Restricted**
**Funds**
**Year to Date**
**31 Dec 2021**
**Prior Year**
**31 Dec 2020**|||
|**Income**|||
||Charitable Activities
19,179
60
400
19,640
31,620||
||Grants and Donations
751
524
7,995
9,270
33,374||
||Income from Investments
13
0
5
18
152||
||Activities for GeneratingFunds
1,976
401
28,262
30,639
15,870||
|**Total Income**
**21,920**
**985**
**36,662**
**59,567**
**81,015**
**Expenditure**|||
||Cost of Events and Activities
0
0
5,136
5,136
3,535||
||Mission and Charitable Giving
883
1,818
400
3,101
0||
||Directlyrelatingto the Church
18,236
-747
24,996
42,485
31,847||
||Major Capital Costs
0
582
9,255
9,836
38,332||
||Other Costs
1,166
0
4,290
5,456
3,001||
|**Total Expenditure**
**20,285**
**1,652**
**44,077**
**66,014**
**76,715**
**Net Income /(Expenditure)**
**1,635**
**-667**
**-7,415**
**-6,447**
**4,300**
**Fund Balances**|||
|Fund Balances B/F
18,060
5,146
65,557
88,763
84,463|||
|**Total Fund Balances**
**18,060**
**5,146**
**65,557**
**88,763**
**84,463**
**Fund Balances C/F**
**19,695**
**4,479**
**58,142**
**82,316**
**88,763**
**Year to Date**
**31 Dec 2021**
**Prior Year**
**31 Dec 2020**|||
||**Fund Balances C/F**|**19,695**
**4,479**
**58,142**
**82,316**
**88,763**|
||**Year to Date**
**31 Dec 2021**
**Prior Year**
**31 Dec 2020**||
|**Funds and Reserves**|||
||**Bank Balances & Cash**||
||St Peters Church Current A/c
2,927
6,420||
||St Peters Church Deposit Account
15,110
50,269||
||St Peters CommunityCentre Current Account
3,785
2,448||
||St Peters CommunityCentre Deposit Account
35,948
1,150||
||CommunityCentre Prepaid Pockit Card
357
210||
||St Peters PettyCash
3
3||
||St Peters CCLA Account
26,287
26,274||
||||
||**Prepayments and Accurals**||
||Gift Aid Due - St Peters
704
1,942||
||Accounts Receivable
2,371
2,196||
||Accounts Payable
(3,420)
0||
||Prepayments
0
26||
||Church Banking
921
0||
||Accruals - St Peters
(1,922)
(786)||
||OwingBetween St James and St Peters
(755)
(1,388)||
||||
||**Total Funds and Reserves**
**82,316**
**88,763**||
Page **27** of **28**
## The Parochial Church Council of Preston Plucknett Annual Report and Financial Statements for the Year ending 31[st] December 2021
## **19. St Peters Community Centre Finance Report**
This note is just for reference.
All of the funds for St Peters Community Centre are held within St Peters Restricted fund (see Note 18 above and note 6). The Centre management committee felt it useful to divide the total funds between the funds stated below, but they are all Parish Restricted funds to be used for the running of the Community Centre.
## For the year ended 31 December 2021
|This note is just for reference.
All of the funds for St Peters Community Centre are held within St Peters Restricted fund (see Note 18 above
and note 6). The Centre management committee felt it useful to divide the total funds between the funds
stated below, but they are all Parish Restricted funds to be used for the running of the Community Centre.
For the year ended 31 December 2021|This note is just for reference.
All of the funds for St Peters Community Centre are held within St Peters Restricted fund (see Note 18 above
and note 6). The Centre management committee felt it useful to divide the total funds between the funds
stated below, but they are all Parish Restricted funds to be used for the running of the Community Centre.
For the year ended 31 December 2021|
|---|---|
|**General**
**Running**
**Fund**
**Pantry**
**Grants**
**Baby and**
**Toddler**
**Bursary**
**Fund**
**Grant**
**Funding**
**CCSF**
**Grant**
**Funding**
**SCF**
**Salary**
**Reserve**
**Fund**
**Car Park**
**Fund**
**Building**
**Maintena**
**nce**
**Fund**
**Total**
**for**
**the year**||
|**Income**||
||Grants
3,000
520
2,475
0
0
0
0
2,000
0
7,995|
||Bank Interest Received
5
0
0
0
0
0
0
0
0
5|
||Lettingfees
26,185
0
0
0
0
0
0
0
0
26,185|
||Fund Raising
330
0
0
0
0
0
0
0
0
330|
||CommunityCoffee
1,482
0
0
0
0
0
0
0
0
1,482|
||Special Collections
400
0
0
0
0
0
0
0
0
400|
||Babyand Toddler Subs
372
0
(322)
0
0
0
0
0
0
50|
||Other Income - St Peters
215
0
0
0
0
0
0
0
0
215|
|**Total Income**
**31,989**
**520**
**2,153**
**0**
**0**
**0**
**0**
**2,000**
**0**
**36,662**
**Expenditure**||
||Wages - Centre Manager
9,096
0
351
0
3,109
2,725
0
0
0
15,281|
||Wages - Cleaner
1,855
0
0
0
0
0
0
0
0
1,855|
||Wages - Maintenance
1,029
0
0
0
0
0
0
0
0
1,029|
||Pension Costs - Er
383
0
0
0
0
75
0
0
0
458|
||Insurance
316
0
0
0
0
0
0
0
0
316|
||Gas- CommunityCentre
928
0
0
0
0
200
0
0
0
1,128|
||Electricity - Community
Centre
1,666
0
0
0
0
300
0
0
0
1,966|
||Telephone & Internet -
Community Centre
282
0
0
0
0
0
0
0
0
282|
||Water rates
100
0
0
0
0
0
0
0
0
100|
||Mission and Charity Giving -
Special collections
400
0
0
0
0
0
0
0
0
400|
||General Repairs and
Maintenance
2,626
0
0
0
0
0
0
3,619
0
6,245|
||Major Works
0
0
0
0
0
0
0
7,921
0
7,921|
||Bank Fees - St Peters
24
0
0
0
0
0
0
0
0
24|
||Stationary & Office
Expenses-St Peters
111
0
0
0
0
0
0
0
0
111|
||Refreshments
275
0
70
0
0
0
0
0
0
345|
||Cleaning and Cleaning
Supplies
2,613
0
0
0
0
0
0
0
0
2,613|
||Waste Disposal
522
0
0
0
0
0
0
0
0
523|
||IT Software and
Consumables
106
0
0
0
0
0
0
0
0
106|
||SundryExpenses - St Peters
47
0
0
0
0
0
0
0
0
47|
||Equipment Purchased
814
520
0
0
0
0
0
0
0
1,334|
||Bursary Awarded -
Community Centre
0
0
0
1,753
0
0
0
0
0
1,753|
||Independent Examination
Fee
240
0
0
0
0
0
0
0
0
240|
|||
|**Total Expenditure**
**23,434**
**520**
**421**
**1,753**
**3,109**
**3,300**
**0**
**11,540**
**0**
**44,077**
**Net Income /(Expenditure)**
**8,555**
**0**
**1,732**
**(1,753)**
**(3,109)**
**(3,300)**
**0**
**(9,540)**
**0**
**(7,414)**
**Fund Balances B/F**||
||Fund Balances B/f
14,898
0
0
1,753
3,109
3,300
15,000
20,000
7,497
65,557
Transfer Between Funds
(10,000)
10,000|
||**Fund Balances C/F**
**13,453**
**0**
**1,732**
**0**
**0**
**0**
**15,000**
**10,460**
**17,497**
**58,142**|
Page **28** of **28**