St Philip's Church
Sheffield
Reglstered Charlty Number 1161810
Trustees, Annual Report and Financial Statements
for the
Year ended 31st December 2021

St Philip's Churth. Sheffield
Trustees. Annual Report for the year ended 31 December 2021
Contents
Page
Trustees. Annual Report
Objectives, public benefit and activities
Achievements and perfomiance
Financial review
Structure, governance and management
Reference and administration detalls
Trustees, declaration
Financlal Statements
Statement of Financial Activities
Statement of Financial Position18al3nce Sheet}
Statement of Cash Flows
Notes to the Flnandal Statements
l. Basis of preparation
2. Accounting pollcies
3. Income breakdown
4. Expenditure breakdown
5. Trustee remuneratlon and fel3ted party transactions
6. Preparation and examinatlon of the financial statements
7. Employees
8. Pen51ons
9. Tafiglble assets
10. Debtor5 and prepayments
11. Cash at hand and in bank
12. Credltors and accruals
13. Funds
14. Grants over £l.(KJO from institutions
IS. Grants to institutions
16. Operating lease
17. Capital commitments
li
li
14
15
15
16
17
17
17
17
18
19
19
19
19
Independent Examlnees Report
20

St Phlllp's Churth, Sheffield
Trurttt< Annual Report for the year ended 31De￿rnbeT 2021
The Trustees are pleased to present their Annual Report together *Yth the independently examined financial
statements for the year ended 31 December 2021.
Objectivesp public beneflt and artivities
Alms and Objertlves
The body of Trustee5 (usually known as the Church Council) has the responsibility of co-operating with the
Church leaders and the staff team of St Philip's Church in promoting the whole mlsslon of the Church,
pastoral, evon8elistic, social. and ecumenical. It also has maintenance responsibilities for the Church base
and property.
The vision of the Church is to be a community of prayer and mission. We aspire to be an authentic, brave
creative and devoted community who, inspired by the words and ways of Jesus. see transfomiation in people
and communlties.
The Church's maln object is..
To advance the Christian faith in the Area of Benefit in accordance with the prlnclples and practlces of the
Participating Churches. Our main object is to build communities of prayer and mission. We seek to train and
equlp mlsslonary leaders. Those equlpped go on to lead In a varlety of church and communlty contexts
seekln8 to brlng transformatlon.
Statement of Publlc Benefft
The Trustees confirm that they have referred to the 8uidance contained in the Charity Commission's general
guidance on public benefit when reviewing the Church'5 alms and oblectives and in planning future
artivitles. The Trustees are also aware of the Charity Commission's guidance on publ1¢ benefit In The
Advancement of Religlon for the Public Benefit and have had fe8ard to it in their administration of the
Church. The Church provldes the fol￿wing artivities for the benefit of the 8eneral public..
The celebration of public worship;
The teaching of the Chfflstlan faith,.
mission and evangelism;
pastoral work, includln8 vlsltin8 the sick and the bereaved:
the provision of facilities with a Christlan ethos for the local community. includin8 (but not
restricted tol the elderly, the young and other groups with special needs; and
the support of other charlties In the UK and overseas.
The Trustees confirm that they have complied with their duties under settion 17 of the Charlties Art w￿h
regard to public benefit.
Artlvltles
Due to the pandemlc our gatherings had moved online, as well as our community meetin85 and smaller
group meetings such as prayer meetlngs. dlscipleshlp groups and children's cells. As restrlrtions began to Ilft
more of our meetings returned to in-person events. though the church stlll makes use of onllne meetlngs
when thls Is helpful.
In the month of ju￿ St Philip's moved out of The Printhouse, 21-23 North Church Street, Sheffield Sl 2DH.
The Printhouse had been St Philip's, administrative and prayer base as well as whole church gathering space
for the last seven years. This decision was made both because the thurch community had outgrown the
space and in order to divert some finance away from buildings towards employment of team.

St Philip's Church. Sheffield
Trustees. Annual Report for the year ended 31 De￿mber 2021
In July the church moved Its office to The Stamp House.. 52 Bank Street. Sheffield Sl 2DS.
In September the church began to meet for gathered times of worship. prayer and teaching at St Stephen's
Church, Fawcett Street. S3 7PL.
Community groups began to meet physically in various venues near where the member5 Ilve. includin8
Pttsmoor, Parson Cross, and SIOIII. A community called %Vild Church. (mainly consisting of those in S61 was
also formed which seeks to explore faith C￿munity in the outdoors.
Three part time Community Family Workers were appointed with a remit to develop new community
initiatives in the Parson Cross and S6 area of Sheffield. These are th￿e-year appointments. all of which
began in the summer of 2021.
Contrlbutlon of Volunteers
All Church members are expected to be volunteers to a greater or lesser extent. All Church artivlties relv
heavlly on volunteer contribution in time. effort and prayer.
Achlevements and performance
2021 contlnued to be a year of transition forthe church both in ternis of movin8 Out of the Prlnthouse and
Into The Stamp House and Si Stephen's but also in terms ot learnln8 how to gather a8aln with the limitatlons
and dlsruptlons of the Covld.19 pandemic. The church responded well to the challenges of flexing and
adaptin8 due to the unpredlctable nature of life in a pandemlc. A work of rebulldln8 the gathered life of
prayer and worship began and will continue in 2022.
The move out of the Printhouse wa5 managed well by the staff team and with the help of volunteer5.
Unneeded resources were sold or aiven away so that the church could be more 'll8ht weight,. Money from
sales of equipment was used to reinvest in more up to date and sultable equipment for our new location.
There wa5 some change in the member5hlp of the church: the pandemlc caused a few to review thelr
membership to Sr Philip's and some chose to move to other churches. Encoura8in8ly a number of new
members lolned the church also.
Flnanclal Revlew
8ud8et and Reserves
The Church's core actNities run on the income of the General unrestricted fund. Each year the Church
leaders prepare a budget which is closely monitored during the year. As part of the process church members
are asked to pray and as an expresslon of their faith in God to make a commltment of how much they will
81ve to the General Fund durin8 the year. This process is expected to be continued for future years.
The Church has about 34 committed regular givers. At the year*nd it had built up operating capital of
£54,769 in its General Fund. equivalent to 8.2 months runnin8 costs. The trustees are happy with 2 months
runnln8 Costs as the level to be maintained as a buffer agalnst unforeseen clrcumstances.
Rlsk Management
The Trustees have given due con5ider3tion to the health, safety data protection and financial risks it face5 in
mana8lng the operations of the Church. They believe they have in place adequate systems to monitor and
control health and safety issues as they arise. They believe they have devised 3n 3ppropriate system for the
authorisation. recordin8 and control of accounting 3nd financial inforniation sufficient to show and explain
the financial transartions of the Church. Overall financial supervision by the Trustees is maintained by the
use of budgetary control, monthly financial statements and special reports.

St Philip's Churth. Sheffield
Trustees, Annual Report for the year ended 31 December 2021
Revlew of the Flnanclal Statements
Total income (including restricted income) was £97,628. The main sources of income were church members
giving. including gift aid194%1, sales of office equipment14%) and lettings12%).
Total expenditure lincluding restrirted expenditure) was £89.065. The major areas of expenditure were staff
148%), rent, maintenance and adrninistration128%1. charitable 8ifts115%1 and ministry19%1.
Strurturep governance and management
Govemln8 Document
The Church Council Ithe body of Trustees) is a corporate body established by the Church of England and the
Baptlst Union of Great Britsin under the Local Ecumenical Partnership LEP Constltution of St Philip's Church
and operatlng under the Parochial Churth Councll Powers Measure. It became a registered charity on 26
May 2015. The Churchls governed by a constitution adopted 25 January 201S.
Recrvltment and Appolntment ol Trustees
The Church Council Is made up of:
Ex officio Trustees - the Ministers of the LEP and the Office Manager,.
Elected Trustees - elerted at the Annual Con8re8ational Meetln8; and,
Ctropted Trurtees (known to the Church as Church Wardens) who are recommended by the
leadershlp team to the Trustees for a formal vote of agreement to be taken. If agreed by the
trustees. thls recommendatlon Is further taken to the Annual ConÉregatlonal Meetlng for a vote of
ratification by the membership of the church. Church Wardens should be representative of both
denominational streams where possible.
Elected and co-opted trustees are appointed for a tem of three years and may be r&elected at the end of
their term. They must be at least 18 years old and be Church members. Further details concerning trustees
are to be found in the constitution.
Indurtlon and Tralnlng of Tntstees
New trustees undergo orienration to brief them on thelr roles and wponslbilltles, their le8al obli8atlons
under charity law, the content of the constitution. the declsion-rnakin8 process and the recent flnancial
performance of the Church.
Membefshlp of the Church
People are entitled to become members of the Church if..
They have been a regular participant in the life of the church for a year or more;
They are member of a missional community. small group or huddle within the church;
They are over the age of 16.
They are sympathetlc to mainstream Christian doctrine as defined by Churches Together In En8land,'
and,
They actlvely choose to become a member.
The Trustees are required to keep a membership foll which must be made avallable to any member on
request. Further details toncerning membership can be found in the constitution.

St Phlllp's Churth, Sheffleld
Trustees, Annual Report for the year ended 31 December 2021
Membet5hlp Numbers
At the end of 2021 the enrolled membership was as follows..
8aptists
Anglicans
Enrolled but not afflllated to elther denomlnatlon
35
Identified as regular participants not yet enrolled 12
Or8anlsatlonal Strurture
The Church Countil delegates the day.to-day management of the Church to the staff team headed by the
Church Leaders, Davld and Sarah Ducker. The staff team comprises both paid employees and volunteer5.
They undergo training appropriate to their areas of responsibility.
Mlssional Community leaders and Discipleship GfOUP leaders have pastoral overslght of the members of their
communities. and they are accountable to the Church Leaders.
Reference and admlnlstratlon detalls
Charity name
st Philip's Church
Reglstered charlty number
1161810
Address
The Stamp House. 52 Bank Street, Sheffield, Sl 2DS
Webstte
www.stphllip55heffield.org
Trustees- ex-officlo
Mr David Ducker (Jolnt Church Leader)
Mrs Sarah Ducker (Joint Church Leaderl
opted trustees Ichurch Wardens) Mr Matthew Atklns
Mrs Jen Vernon-Edwafds (stepped down 211t September 20211
Mrs Linda Oaniel lappointed 21 September 20211
MISS Deborah Green lappolnted 15 November 20201
Miss Frances Holl (appointed 21" September 20211
Mr Peter Hoh lappolnted 15" November 20201
Mr Adam Newell lappoinied IS November 20201
Mrs Hannah Rona {until 15 June 20211
Elected trustees
Trustees, dedaratlon
The current Trustees declare that they have approved the Trustees, Annual Report on thE date..
Si8ned on their behalf by
Mr Matthew Atkins. Chair of Trustees

St Phi14?'s Church. Sheffiehj
Statement of Financial Activities for the year ended 31 December 2021
Unrestrlcted Funds
Restrlcted Fund5
F*m*e5
Captt
Cornmurdty
Totsl 2011
Total 2020
IrKome from:
Donat￿n$ & #rants
charitab￿ actknles
Other trading acti¥hles
Inve$tment5 (Bank Iniefestl
83.597
8,326
91.924
102.637
S.685
5,685
19
8￿0
27
19
Totsi Income
Joi
97
111.503
Expendlture on:
Charttable artlvltles:
Staff
Mlnlstry
Venue
37,161
8,051
IL444
7,180
3Cfl
4.457
43.318
8￿51
17,864
7.186
42.579
9.180
33,556
7,387
13,5801
Administration
Independent examlhEr
Charftable Glfts
5.280
8,066
13.347
9,212
Total Exp•ndlturn
10,116
13510
57
V172
iY,065
IOL214
N•t Incomelltxpendlture
Adjustment
Net mO¥t￿nt In fvnds
Totsl funds at 01 Jènuary 2021
14A571
B.S62
9.189
14AS7
0.562
56.789
9.ZB9
47,5Cw)
45.583
Z4
4.519
162
Fund$ at 31 Deomber 1021
54.Y69
4519
416
65A51
.789

St Phlllp's thurth. SIMfft•ld
Statement of Flnanclal Positlon as at 31 December 2021
18•l•nce She￿}
UnrestrkW Fund5
Arlse
Communlty
FarnlMtS
(*rtr•ath
T¢M•I 2022
Totsl 2020
Not•s
Flxed Assets
Equlprnent. flxlure5 & fittings
2,542
2.542
Current Assets
Debtors
C•sh at bank and in haThl
io
li
4,993
$1,482
56.475
35
381
5.028
59,487
64.515
14,784
50,914
65.698
1.038
LO31
24
2.043
10
4.519
4.519
Total current •SSW5
416
Llabllltles
Credltofs.. Amounts falling dut
wlthin one year 12.1
Net current assets
11,7061
54.769
54,769
1.038
24
2.043
2.043
4.519
416
62.809
65.351
56,789
56,789
Total assets less (urrenl Ilabllltles
3.580
24
4.519
416
Credltors.. Amounts falllng due
after morethin one y￿r 12.2
Tot•1 n•t assets
54.769
24
1043
4,519
416
65.351
56.789
Funds
Unrestrlcted Funds
Restricted Fund5
54,769
58,349
7,ClJ2
45.583
11,205
24
2.043
4.S19
416
Totsl Funds
54.769
4.519
416
65351
56.7B9
The financial Statements and notes on p•8es 6 to 19 were approved by the trustee5 on the date
and slined their beh•lf by..
Mr Matthew Atklns. Chair of Trustees

St Phillp's Churth. Sheffleld
Statement of Cash Flows
for the year ended 31 December 2021
2021
2020
Retonc511atlon of net Incomel(expendtture) to net cash
flow from opewatlng actlvltles
Net income I lexpenditurel for the year
8,562
9,289
Adjustments for:
Depreclètlon charges
Interest receivable
Ilncreaselldecrease in Debtors
Increaselldetreasel in Credltors
Net cash provlded by l{used In) oper•tlw •rtlvltles
292
1191
9.756
17,2031
11.388
1271
15,8861
8,139
11,515
ststement ol cash flows
Net cash provlded by /lustd In) operatin8 activlties
11.388
11.SlS
Cash flows from Investlnl Jrtlvttl•s
Bank interest
IPurchase of tan8ible assets)
Sale of tanglble flxed assets
Loss I IGaSnl on sale of assets
Chanee In cash In the year
Cash at bank and In hand at be8lnnln8 of the year
C•sh •t the end ol th• y••r
19
12,8341
27
,573
50,914
59,487
11,542
39,372
50,914
Analysls of cash at year end
Petty cash
Cash at CAF Bank
123
59,363
54
SO,860
Totsl hdd
59,487
50,914

St Phllip's Churth. Sheffield
Notes to the flnandal statements
l. Basis of preparation
1.1 Basls of accountlng
These accounts have been prepared the going concem basis the hlstorlcal cost convention In
accordance with:
al Accounting and Reportlng by Charitles- Ststement of Recommended Practlce- Charltles
SORP FRS 102
bl The Charities Art 2011
cl The Church Accountin8 Regulations 2015
1.2 Cha￿• In basls of accountlnz - none
2. Accountlng policles
2.1 Forni of Flnandal Statements
Fund movements and balances are split between general. designated and restrlcted funds.
General funds
The funds of the Church that are not subject to any restrlctlons
regarding their use and are available for the general purposes of the
Church.
DeSI￿ated funds
Funds set aside out of general funds by the Trustees for a speclfit
wrpose over whose use and purpose the Council of Trustee5 has
discretion.
R•strlrt•d fvnds
Funds subject to specific condition5 imposed by the donorlsl or bv
specifSc terms of a trust deed or other le8al measure.
All fvnds over whlch the Council of Trustees has use. control and management are consolldated
In the full financial statements.
2.2 Income
Reco￿ltIOn ol
Income
Income Is Included In thestatement of Flnanclal Artfvltles ISoFA}
when..
the Church becomes entitled to it:
the trustee5 are virtually certain they will receive it- and
the monetary value can be measured with sufflclent rellablltty.
Inaxne wilh re￿ted Where incomes has related expendlture las wlth fundraising or
expendlture
contratt income) the incomes and its related expenditure are
reported Bross in the SOFA.
Gnnts and donètlons Grants and donations are only included in the SOFA when the
Churth has unconditional entitlement to them.
Tax redalrns on
dohatlons and 8lfts
Income from tax reclalms is Induded in the SOFA at the same tlme
as the gifts to whith it relates.
Contrartual Income This 15 only included in the SOFA once the related goods or seThiites
and performance
have been delivered.
related ifants

St Phllip's Church. Sheffield
Notes to the flnandal statements
Gffts In klnd
Gifts in kind afe accounted for at a reasonable estimate of their
value to the Church or the amount actually realised.
Gifts in kind for sale or distribution are included in the accounts as
gifts only when sold or distributed by the Church.
Gifts in kind for use by the charrty are included in the SOFA as
income when receivable.
Donated ser¥kes and These are only included in iricoming resources (with an equivalent
fadlltles
amount in resources expended) where the benefil to the charity is
reasonabty quantifiable, measurable and material. The value
placed on these resources is the estlmated value to the charlty of
the service or facilily rtteived.
Volunteer help
The value of any voluntary help received is not Included In the
accounts but is descrlbed in the trvstees, annual report.
Investment Income
This is induded in the accounts when receivable. It consist5 only of
bank interest.
2.3 Expendlture and Llabllftles
LlJblllty rewnltlon Liabllitles are reco8nlsed as soon ès there Is a lelal or constructlve
oblS8atSon committing the Church io pay out resources.
Gffts and ir•nts
Where the Church 8lves è 8rant elther wlth condltkjns for Its
payment bein8 è speclflc level of service or output to be provlded or
with no conditions, such 8rants are reco8nised in the SOFA 35 soon
as they have been paid to the recipient.
2.4 Penslon Costs
Employer
ontrlbutloni
Employer contributions to are charged to expenditure each month.
Thls applies to all eli8ible employees whether or not they have
signed up to the staff pension stheme. All ¢ontributlons payable to
the pension scheme are paid when due.
2.5 Assets
Propertles
To date the Church owns no properties.
Eoulpment. Flxtures These are capitalised if they can be used for more than one year.
nd Flttlnis
and cost at least £5CK). They are valued at Cost or a reasonable
value on reteipt.
Depreclatlon
Depreciation is provided at rates calculated to write off the cost less
resldual value of each asset over Its expected useful Ilfe as follows:
Eovipment. fixtures and fittings- 25% per annum stralght Ilne.
2.6 Ta¥atlon
The Church is not liablè to income tax or capital gains tax on its charitable artiwtles.
Irrecoverable VAT is included in the asset cost or expense to which it relates.
io

St Philip's Church, sheffield
Notes to the financlal ststements
R•strIrt￿ Funds
F•nll
c*￿ts1
Total 2021
Totsl 2020
Income breakdown (where requlredl
3.1 Donatlons & orants
Members, committed 8l¥lr
Other offerln8S
Glft-ald tax recovery
Grants from or8anisatSons
67.779
220
15.599
67,779
8,310
15135
74,249
2,011
15,967
10.409
102,637
236
83.597
8,326
91,924
3,2 Ch•rtt•ble •rtlvltl•s
There was no Income from tharltable ortlvltles durlng the year
3.3 other tr•dlw artl¥lll•s
Lettings
Sale of Office Equlpment
Ml%ellaneous
2.202
3,478
2.202
3,478
50
5,685
5.685
8,840
4 Expendlture breakdown Iwhefe required)
Charltable artlvltles:
4.1 Staff
P￿rOll - crjre employees
Payroll- other employees
Staff expenses
37.083
2C
577
37,083
4,657
577
36,587
4,457
992
37.861
4.457
42,318
42,579
li

St Philip's Churth, Sheffield
Notes to the financlal statements
Restykned Funds
F•mlll•s
Commufimy Outre•th
Capknl
P•rson Crgss Gerwwlty Pot
Totsl 2021
Totsl 2020
4.2 Mlnlstry
Whole church Katherln85
PAIWorshlp
Youth. Children & families
Leader5 & mernbers iralnlrya
Pastoral suppon
H05pltallty
Novltlalel lThtern support
Mi551on Focu5- Parson Cross
Clty ctnire Mlssion
Other mlssion art￿lty
1.545
4.459
378
270
391
219
1.545
4A59
378
270
391
219
76
3,494
3,258
175
20
629
601
601
8,051
8,051
9.180
4.3 Venu•
8u$lne55 rate5
Least of Buildin8s
Insurance
Utllltles
Telephone & broadband
Wof5hlp licences
Waste co1￿Ction
Repairs & sundries
Events sunLlries
Capita115ed addltlons
Capitallsed dlsposals
Depreciation
16.480
901
1.523
470
4S8
387
1,156
15
16,480
9)1
I￿23
470
458
387
1.156
15
12,8341
11,0381
292
25,486
1,240
1,403
1,015
395
2,258
190
I2￿54)
11.0381
292
21.444
3.5801
17,864
33,SS6
12

St Phlllp'schurch, Sheffield
Notes to the finan¢lal ststemeTrts
F•mlN•s
Commun*y Outreath
Total 2021
Totsl 2020
4.4 AdmlnlstratSon
Stationery. Off5￿ supplies. software. bank cK-
1.401
259
IA07
259
625
363
1.990
4,410
Communicattons
Accovntsncy Fees
Coniin8encle5 & mlscellaneous
7,186
7,387
4,5 Independ•nt Examln•f
3C
4.6 Charltable ilfts
All NatK)ns Student- Susie Boyce
Arlse
gapt15t Union
een's Centre
8ig Life Indi
Cathedral Archer Pmject
Horne Offerln8
Indla crisLs
Networks Romanla
Parson Cross Community Dv4elopment
The Promlsed iarKI
Safe Families
Sheffield D•￿eSt
St Luke's Hospl
Together for schools
Westways Prlmary School
Wilson Slaidift
YBA Home Mlssion & ot￿1 Y8A
353
645
353
645
14
14
24
173
15
220
21x1
200
49
3,750
1,374
1,374
1,270
L536
3,775
1536
3,775
2,566
2,566
2.5C4)
13,347
9,620

St Philip's Churth, Sheffield
Notes to the flnanclal statements
5 Trustee Remuneration and related party transactlons
Relmbursements
2021
2020
Travel and other out of pocket expenses were reimbursed to trustees as follows.
Number of trustees reimbursed
Training for ministry
Church actlvities
Staff expenses & hospitalfty
Venue and office sundries
3,941
136
740
209
176
439
885
1,388
5,138
Pay and b•n•ffts
Ourin8 the year 2 of the trustees were paid for thelr servlces as employees. They benefltted
as follows..
2021
2020
S•lary
Pen51on
Contro￿tIonS
Salary
Pensl¢n
ContrSbutlons
Davld Oucker (Jolnt Church Leaderl
Sarah Dycker (Joint Church Leader)
11.565
11,565
786
11,537
11.537
Glfts from Truit••s
All members of the Church, Includlng Trustees, are expetted to glve generously to the Church to support
Its ministry. Thi5 15 part of their expres%on of faith in God. No trustee gave larger 81ft5 than the norm to
the Church. No trustee sought to Influence the artivlties of the Church by the amount that he or she
gave.
6 Summ•ry d•daratlon
Excluding the above amounts received or given, no tn15tte or other person connetted to the Church had
any personal Interest in any contrart or transèction re￿ed to the Church durln8 the year.
14

St Phlllp's Church. Sheffleld
Notes to the financial statements
6 Preparation and examination of the financial statements
These statements have been prepared by an outsourced accountant who prepares the Church's
monthly accounts. They have been examined by an independent examiner.
2021
2020
Provision for Independent Examiner's fee & tosts
31XJ
300
7 Employees
No employee earned more than £60.(KX) during the year.
2021
2020
Payroll costs
Central Mlnlstry & Admlnlstrarlon
Events Manager
Prison Ministry
Famllles Outreach Workers
37,083
2(Xl
36,587
4,511
4,457
41,741
41,587
Payroll breaks down as:
Gross pay to employees
Employer's national insurance
Employment Allowance
Statutory Maternlty Pay recoverable from HMRC
Employer's penslon contributions
39,297
1,119
11.1191
39,333
11.0211
ioi
2,276
2,443
41.741
41,587
Average head caunt
Full-time employees
Part-tlme employees
Full tlme equlvalent employees
General Ministry & Administration
Events Manager & cleaners
Prlson Ministry
Famlles Outreath
15

St Phllip's Churth Sheffield
Notes to the flnanclal statements
8 Pensions
The Church partlclpates In the Penslon 8ullder 2014 stheme sectlcm of the Church Workers Penslon Fund ICWPFI
for lay staff. The Scheme is administered by the Church of En8land Pensions Board. whith holds thè assets of the
stheme separately from those of each participating eMplo￿r.
The CWPF has a sectM)n known as the l)efined Benefits Scheme, a deferred annuity Section known ès Penslon
Builder Classic and a cash balance section known as Pension Builder 2014.
The Pension Builder 2014 scheme is classed as a defined benefrt scheme Ibecause it 8uarantet5 3 minimum pav-
out at Normal Retlrement A8el though It has all the elements of a money-purchase scheme. It meets the Penslon
Ae8ulatorfs auto enrolment requirements.
Penslon Bullder 2014 Is a Gish balance S(P￿rne that pr￿lIdeS a lump surn that members use trj provlde ￿nefItS ai
retirement.
Pension contributions a￿ ￿Orded tn an account fof èach member. This account may have bonuses added bythe
Board before retirement. The bonuses depend on investrnent eKperience and other factors. There is Tho
requlrement for the Board to grant any bonuses. The accounL plu5 any bonuses dedared. Is payable from
members. Normal Pension Age.
There Is no su&dlvlslon of assets between eMplo￿r5 In eath sertlon of the Penslon Bullder Scheme. The Scheme
is considered to be a rnulti-employer scherne as descrtbed in Section 28 of FRS102 as It is not possible to attribute
the Pension Builder Scheme's asset5 and lialm'lities to specifTrc employtrs. Thls means that Contributions are
accounted for as If the Scheme were a defined contrlbutlon scheme.
The penslons ¢osts ¢har8ed to expenditure lin the SOFA) in the year are contributions payable plus anv
¢ontrlbLrtlons calculated arbd set aslde by thè Churth where penslonable salary detalls have not been bTOU8ht up
to date by the Pensi￿$ 8oard.
A full actuarlal valuation of the Penslon Bullder Stheme Is cèrrted out once every three yeafs,. the next full
actuarlal valuatlon Is due as at 310ecember 2022. A snapshot wa5 pro￿ded at 31 December 2020.. for the
Penslon Bullder 2014 section. the valuation revealed a surplus of E7.2m on the ongoing assumptions used. There
is no requirement for deficit payments by participatins employers at the current time. The next full actuarial
valuatlm Is due as at 31 De¢ember 2022.
The legal structure of the scheme is such that, in the event of a scheme deficit, if another employer fails, St
Phlllp'5 Church could become respon51ble lor ￿vIn8 a share of the failin8 employer's penslon Il•bS1itles.
At 31 December 2021 the Church had 3 adlve members in the Penslon Bullder 2014 5ectlon.
The Church contribule$ 7% of basic salary Iwhi¢h Includes 1% for death in sÈrvicÈ cover of 4 tlmes salary) and the
employees are required to conlribute a minimum Contribthion of 2%. The employer's ¢oniribution5 for the ye•r
totalled £2.44312020- £2,276).
16

St Phlllp's Churth. Sheffield
Notes to the financlal statements
Tanglble flxed assets
The Church owns no land or bulldin8s. ltsonly fixed assets consist of equ5pment, fixtures and fittings.
2021
1020
Cost
Brought forward
Addltions
Dlsposals
Total at the end ol the yèar
15.991
2.834
114.8501
3,975
15.991
15,991
Depreclatlon
Brought forward
On disposals
Char8e for the year
Total at the end of the year
15.991
114,8501
292
1,433
15.991
15,991
Net book value at the end of the year
2,542
Net book value at the beilnnlne of the year
10 Debtors and Prepayrnents
Accounts receivable
Glft Aid- income tax reciy4eroble
Prepayments
Sundry debtors
4.304
724
8.275
6,509
5,028
14.784
11 Cash at Bank and In Hand
Cash at Bank
Cash In Hand
59.363
123
50.860
59,487
50,914
Totsl Cuffent Assets
64.515
65.698
12 Credltors and Accruals
12.1 Credltors due wlthln one year
Trade ¢Teditors
P*nslgn tontrlbutlons accrual
PAYE tax & national insurance
Sundry creditsys and accruals
285
258
389
774
7,778
209
169
754
1.706
8.909
12.2 Credltors: amounts fallln8 due after more than one year
Therè wÈrÈ no lonB term crèdiiors
17

St Phlllp's Church Sheffleld
Notes to the financial ststements
13 Funds
The movement and balances of all funds are gwen in detail in the SOFA and SOFP and the notes to which
they refer.
Unrestrirted Funds
13.1 General Fund
The General Fund is used for the 8eneral mlnistry of the church. 11 can be used for any of the charltable
objectives of the Church. Its use is at the direction of the Trustees
13.2 Capltsl Fund11)esl8nated)
A desi8nated fund is a fund where the Trustees have chosen to set aside money or other assets for a
particular purpose. They hove discretion to move some or all of the deslinated fund back Into the general
fund at any time.
The Trustees prefer the General Fund to refiett just the movement and balance of the Ilquld unrestrlcted
assets Icash, debtors and credit¢)rsl of the Church. Hence the value of the tangible assets Is held
separately In this designated fvnd.
Restrlcted Funds
13.3 Arfse Communlty Fund
Arlse Is a missional communlty based in Pitsmoor. Money is recelved Into this fund particularly for work
amon8St children and their families in that area.
13.4 Parson cro￿ Fund
The Church has a misslon team based In the Parson Cross area. Church members have liven 81fts to thls
fund to enable outreach attivities. Disbursal of the fund is supervlsed by the Pafson Cross mlsslon team
leader.
alance
Balance
Parson Cross
4.519
4.519
13.5 Baptlst Mlnlster TAlnln8
Sarah Ducker, one of the Church leaders. was a student wlth St Hlld's College and Northern Baptlst College
with a view to being ordained as a Baptist Minister. The Vorkshire Baptis1 Association paid part of her fees
throu8h this fund,. the balance of the fees were pald from the General Fund. Thls fund was fully expended
at 31st December 2020.
13.6 Famllles Outreach
In November 2020 the church was awarded a grant of £6.500 from Baptlst Insurance to be used towards
half of the first year's salary of three part-time Families Outreach workers. Their role is to develop and
Support missional outreach with a focus on families with young children in Parson Cross and the S6 area.
The Families Outreach wotkers commenced employment in August 2021.
Openlnl
Balance
Closlng
Balance
Income Expended
Famllles Outreach
6.5LYI
14.457)
2.043
18

St Phlllp's Church Sheffield
Notes to the financial statements
13.7 Generoslty Pot
From time to time the Church appeals for offerin85 to SUPPOrt mission organisations or individuals
en8aged In misslon. The 81ft5 received into this fund are forwarded as soon as prarticable to the
deslgnated beneficlaries.
14 Grants over £1,000 from Instltutlons
2021
2020
Baptist Insurance- Familles Outreach Workers Inote 13.6 above)
Yorkshlre Baptlst Assotlatlon - mlnlster tralnln8 SUPPOrt (note 13.5 aLwl
6,500
1.750
15 Grants to Instltutlons
All 8lfts and 8rants are detalled In Note 4.6.
16 Operatln8 lease
In July 2019 the Church contracted for a 5.year lease of 21-23 North Church Street for the use of the
Church as its operation5 base.. the landlord was the Sheffield Church Burgesses Trust and this contract was
cancelled in July 2021. In Au8USt 2021 the Church contracted for a l-year lease of The Stamp House. S2
Bank Slreet. the landlord Is The Stamp House Ltd
17 Capltal commltments
The Church had no capital commTrtments at the year end.
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