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2021-12-31-accounts

Parochial Church Council of St Clement, Cambridge

Unaudited Annual Report and Financial Statements For the year ended 31 December 2021

Registered Charity No 1162638

1

Parochial Church Council of St Clement, Cambridge

Contents
For the year ended 31 December 2021
Contents 1
Charity Administrative Details 2
Trustees' Report **3 to 6 **
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9
Notes to the Financial Statements 10 to 15

2

Parochial Church Council of St Clement, Cambridge

PCC Report For the year ended 31 December 2021

PCC Members during the year:

Clergy Rev'd Canon Nicholas Moir To August 2021 Priest in Charge Rev'd Andrew Day From September 2021 Priest in Charge Churchwardens Sarah Van De Weyer To April 2021 Barry Johnson Joshua Heath From April 2021 Deanery Synod Representatives Matthew Pettifer Lay Vice Chair Co-opted members Jacob Power From March 2020 Elected Members Robin Edwards Andrew Gardiner Karol Jaworski Geraldine Moore Secretary and Safeguarding Officer Aidan Pittman Joshua Heath To April 2021 Sarah Van De Weyer From April 2021 Address: St Clement Church Bridge Street Cambridge CB2 1UF Registered Charity No.: 1162638 Independent Examiner Paul Whitmell FCA Bank: CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling ME19 4JQ

3

Parochial Church Council of St Clement, Cambridge

Trustees' Report For the year ended 31 December 2021

The Trustees of the Charity present their report and financial statements for the year ended 31 December 2021

STATEMENT OF TRUSTEES' RESPONSIBILITIES

Law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each

financial period which give a true and fair view of the parent charity and its subsidiary undertaking's financial activities during the period and of its financial position at the end of the period. In preparing financial statements giving a true and fair view, the Trustees are required to:

subject to any departures disclosed and explained in the financial statements;

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy the

financial position of the parent charity and its subsidiary undertakings and which enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the parent charity and its subsidiary undertakings and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STRUCTURE AND GOVERNANCE

The Parochial Church Council is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure.

The appointment of PCC Members is governed by and set out in the Church Representation Rules. At St. Clement’s the PCC consists of our priest-in-charge, two churchwardens, six members elected by members of the congregation on the electoral roll of the church, and deanery synod representative. All those who attend as members of the congregation are encouraged to register on the Electoral Roll and stand for election to the PCC.

The PCC members are responsible for making decisions on all matters of general concern and importance to the parish, including deciding how the funds of the PCC are to be spent. Given its wide responsibilities, the PCC currently has several sub-committees: the Strategy Group (general strategy, fabric and finance), Music and Liturgy group and the Liaison Group (representing the congregations of St Clement’s and the Russian Orthodox St. Ephraim’s). An informal team managed day-to-day organisation during the Covid-19 lockdowns. All these groups are responsible to the PCC and report back to it regularly. Minutes of their discussions and recommendations are received by the full PCC and discussed as necessary.

The PCC of St Clement’s met on 10 occasions from April 2021 to March 2022. During the periods of Covid-19 national lockdowns, meetings were held remotely by Zoom. Attendance at meetings over the year was 62%.

During this period the PCC

AIM AND PURPOSES

St Clement’s Parochial Church Councilil (PCC) has the responsibility of cooperating with the incumbent, latterly the Reverend Canon Nicholas Moir and more recently the Reverend Andrew Day, in promoting in the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical.

OBJECTIVES AND ACHIEVEMENTS

For more than 150 years St Clements has stood firmly in the Anglo-Catholic tradition of the Church of England. The Sunday morning liturgy is traditional in language and ethos: sacramental worship that is enhanced by well-ordered ritual and music. This speaks of a faithfulness to the eternal God who transcends the particularities of space and time. St Clement’s desires to be a flourishing and welcoming Christian presence in the old Bridge ward of the city, and to offer the riches of the Prayer Book Catholic tradition of the Church of England to those in search of a form of worship that is sacramental, spiritual and has a certain timeless quality in a world – and city - of rapid change and passing fashions.

Bearing in mind both our location and our history, we continue to develop two images to guide our thinking: building bridges and opening doors :

This financial year (2021) saw the Parish of St Clement still in the thrall of the Covid-19 pandemic and many of the objectives of our strategic plan were necessarily put on hold. There were changes in the leadership of the Church too during the course of the year:

The last year has seen much of what we had hoped to achieve curtailed by the pandemic and all the precautionary measures taken to contain it that proscribed some of the work we could do.

Services in the church have resumed and the numbers are healthy at our Sung Masses, our Taize services on Fridays and our services of Word and Music on Sundays. We have reintroduced Evensong and Benediction services and are delighted by the assistance received from two of the colleges of the University of Cambridge.

In addition to those, there are daily offices from Monday to Friday at midday, with a midweek BCP Holy Communion on Wednesday, with a fairly dedicated following.

1. Building bridges and partnerships with other Christians that will enhance our ministry and mission.

This year has seen us continue working alongside the Russian Orthodox community that worships as the parish of St Ephraim in St Clement’s. Relations with our ecumenical partners, particularly St Ephraim’s Russian Orthodox parish, continue to develop and have been a source of inspiration and hope.

The Ministry Experience Scheme continued in the parish until June 2021, when the term of the current ME ended and the implementation of the project in the deanery ceased.

The parish has resumed its relationship with Park Street Church of England Primary School and the school makes regular use of the church and participates in its workshops, including those funded by the HLF. The current Priest in Charge serves as a governor of the school, chairs its Foundation Committee, as well as serving as its Vice Chair. The incumbent also serves ex officio on the Trust of Church Schools of Cambridge. Park Street being one of their schools.

The parish has sought to work alongside others of faith to enable our people to flourish.

2. Opening the doors of St Clement ’ s to the outside world by restoring and enhancing the building, so that it can be visited and used throughout the week and be financially sustainable.

The opening doors aspect has developed more recently since the restrictions placed on public gatherings have been eased.

This has meant opportunities for workshops, tours, meetings, recitals, to name but a few, have all returned, and the response to them has been remarkable. The concert series, in term time, has seen regular audiences of anywhere between 50 and 120 at lunch time on a Saturday.

The building has been transformed slowly and provides venues for U3A meetings regularly.

The bells project was well underway at the end of this reporting period. With the bells forged and tuned. Services of dedication and blessing confirmed. The new ring of six bells will allow St Clement’s to forge closer links with the bell-ringing communities in Cambridge and will enable St Clement’s to develop a training programme for budding campanologists. Our eternal gratitude to Barry Johnson (Churchwarden) for fund-raising and leading on this effectively managed programme both of renewal, refurbishment and innovation.

The Heritage Lottery grant has enabled us to commission and deliver a new history of Anglo-Saxon and Viking Cambridge, focused on the Daneholm area in which St Clement’s sits and a new set of heritage banners for use in articulating the history of St Clement’s.

At the start of Advent 2021, we embarked on a project entitled ‘On Human Flourishing’, which saw poetry workshops led by a significant Dutch poet, Hannah van Binsbergen, and to our first engagement, post pandemic with our primary schools, and also our first adult workshops and public poetry readings. This was followed by a photographic exhibition, curated by Sarah van de Weyer, of photographs submitted to our Dearly Beloved daily letter by readers and writers of articles. The “On Human Flourishing’ project will continue through the church year, ending at Advent 2022, and then the next project will start.

The church is open daily and tours of the church are facilitated for all who ask, concentrating on its history and the rich artistic legacy of Frederick Leach. A number of school visits have also taken place

The new website is nearly fully functional - it has been designed and will become the main portal for the church. There is currently an effective placeholder website.

The Stations of the Cross, referred to in the last report, have now been rehung and have been put to their proper use.

3. Preserving the integrity of our sacred space, keeping the building open to visitors and bridging the gap between tourism/historical interest and the church ’ s spiritual and sacramental purpose.

The church has been open to the public and to worshippers all through the pandemic as permitted, and there has been a welcome for all. We have tried our very best to broaden the welcome team, however the pandemic has curtailed much of that.

Fr Robert has continued his daily opening of the church and welcomed all who have drawn nigh unto us. Tea, coffee and biscuits have brought hospitality to those who have sought it. It has become a respite for many and a source of good conversation and discourse. Many who come are often those deemed vulnerable and they receive a warm, Christian welcome.

Part of the development started during this year was to create prayer spaces and to encourage their use. There is a steady flow of people into the church, both those who have come to pray in the Church of England and those who have come to pray in the Orthodox tradition.

4. Building bridges with spiritual seekers and the unchurched.

St Clement’s has a well-established prayer structure, both for those seeking individual and private prayer, and for those comforted by community prayer - especially through Matins, usually after the Angelus has been rung at noon. Quiet and contemplative in nature, it garners a wide range of people to it.

A temporary website keeps those in our community up to speed with what is happening in the community and the new website is nearing completion - the change in management has caused a slight hiatus.

The very nature of St Clement’s is that people come to call and that in the time they spend with us we wish them to experience the full hospitality of a Christian welcome. This has seen some very valuable connections made with those who have sought us out for needs and prayers - those in difficulty, those in trouble with the law, those with mental health issues.

All who ask for prayers can be assured of our prayers for them daily for at least two weeks after their visit to us.

Our work with schools also sees many young people coming into the church often for the first time, and it means we can explain and teach them what churches are, demystify the surroundings, and explain some of the key acts of worship.

5. Developing community space that will build bridges into the wider community

The new spaces, the Upper Room in particular, and in the near future the ringing chamber, are all spaces that could have excellent community use. The U3A already make considerable use of the Upper Room. Some University of Cambridge student societies also use the space.

Saturday concerts and recitals resumed successfully during 2021

6. Opening doors to the eternal by establishing a regular prayerful presence within the building.

During the course of 2021, Evensong and Benediction were reintroduced. Benediction is now a regular service every term and has also enabled us to forge links with some of the college chaplains who have officiated at these services.

Closer links have also been established with our patron, Jesus College, and we will seek to develop those further in 2022.

Services of Reconciliation and Healing have been planned too and were included in the job description of the new priest-in-charge.

7. Building bridges with younger people and those on the streets at night by exploring late-night worship and hospitality.

This remains an aspiration and one which we will develop further in 2022. The pandemic curtailed some of the plans. A new strategy of growth in this area will be devised in the course of 2022. Good links have been forged with a student-led church group Heartsease , some of whom have taken to worshipping at St Clement’s from time to time during term. The group has met in the church on at least one occasion in 2021.

8. Building bridges with the natural world – and all who care for it in this time of climate crisis – by caring for our environment and using our natural resources responsibly

This is another area for development in 2022 - some thoughts have been mooted on the path of becoming an eco-church - however, this needs thorough planning and a clear articulation of how and why we intend to embark upon this path. Not for us a tick box exercise, but more a considered and impactful move to see how we effect change in sustainability.

Work has already been done on restoring and making more accessible the churchyard. Partnerships have been started, with a local business to encourage the use of the space around the church - with a neighbouring coffee shop. Encouraging the use of the outdoor environs of the church as a community facility and a space of natural beauty, albeit in a constructed landscape.

9. Building bridges with children and their parents/carers.

We are a gathered church rather than a truly parish-based community - our resident community is small and for the most part very supportive. We have younger families in the community and we wish to engage meaningfully with them. Some have already attended church with us but this will need to be development priority in 2022.

Our primary school is also a significant part of our community. It, like us, is very much a gathered community - and we would like to discover how we can support the needs of the wider community within our church.

In addition to all the above, lockdown gave us some major advantages and these have been developed and enhanced in 2021:

Dearly Beloved, our daily letter of sustenance for the spirit through difficult times, continues to grow, from a starting point of some 30 recipients to a regular audience in excess of 250. A large range of contributors, lay and ordained, maintain a remarkable standard and depth of reflection. Father Robert continues to co-ordinate the contributors (as well as writing many pieces himself), whilst Sarah van de Weyer garners in a veritable harvest of photographs, carefully selected to complement the message of the day. Sarah organises the distribution, recently moving to the new MailChimp provision.

We continue to stream services via Zoom, thanks to the ingenuity and technical know-how of Karol Jaworski and Sarah, Joshua Heath and Barry Johnson, who operate the livestream every Sunday and for other services. We will continue to offer these services for as long as there remains a clear need. Although we would encourage some to return to worship in the church too.

In conclusion, this is a vibrant and lively community, well-served by a small but dedicated PCC team. Excited by opportunity and most importantly by the desire to worship God in the beauty of holiness.

Our music and liturgy sit at the heart of our worship, it enables us to worship God in awe and majesty in the Anglo-Catholic tradition in which we are firmly rooted. Our music director, our choir, and our organists are integral to all we do and we are grateful to them for enabling us to praise God in his holiness.

Eternal gratitude to all who have made contributions to St Clement’s and its work in the last year.

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7

Independent Examiner's Report to the

Parochial Church Council of St Clement, Cambridge

This report on the accounts of the Trustees for the year ended 31 December 2021 is in respect of an examination carried out under the Church Accounting Regulations 2006 and s145 of the Charities Act 2011.

Respective responsibilities of Trustees and Examiner

The Charity's trustees consider that an audit is not required for this year under Section 142(2) of the Charities Act 2011 (the 2011 Act) and that an Independent Examination is required.

Having satisfied myself that the PCC is not subject to audit under Charity Law and is eligible for independent examination, it is my responsibility to:

Basis of Independent Examiner's Report

My examination was carried out in accordance with the general directions given by the Charity Commission.

An examination includes a review of the accounting records kept by the PCC and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in a full audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statements below.

Independent Examiner's statement

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

• to prepare accounts which accord with the accounting records, comply with the methods and principles of the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) effective 1 January 2015) have not been met; or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

………………………………………

Date:

Paul Whitmell FCA

8

Parochial Church Council of St Clement, Cambridge

Statement of Financial Activities For the year ended 31 December 2021

Unrestricted
Funds
£
INCOME AND ENDOWMENTS FROM
Note
Donations and Legacies
Charitable activities
Other trading activities
Investment income
TOTAL INCOME
24,185
-
16,549
2
-
2
40,734
EXPENDITURE ON
Charitable activities
22,408
TOTAL EXPENDITURE
3
22,408
NET (EXPENDITURE)
AND NET MOVEMENT IN FUNDS
18,326
Transfers between funds
(
1,373 )
NET MOVEMENT IN FUNDS
Balances brought forward at 1 January 2021
BALANCES CARRIED FORWARD AT
31 DECEMBER 2021
16,953
25,982
42,935		 Restricted
Funds
£
169,026
-
-
4,000
173,026
123,518
123,518
49,508
1,373
50,881
63,936
114,817		 Total
Funds 2021
£
193,211
-
16,549
4,000
213,760
145,926
145,926
67,834
-
67,834
89,918
157,752		 Total
Funds 2020
£
94,077
199
13,054
4,000
111,330
52,401
52,401
58,929
-
58,929
30,989
89,918

The notes on pages 10 to 15 form part of the financial statements

9

Parochial Church Council of St Clement, Cambridge

Balance Sheet As at 31 December 2021

2021 2020
Note £ £ £ £
Current Assets
Current asset investments 1,550 1,550
Debtors 7 53,560 18,489
Cash at bank and in hand 148,816 97,419
203,926 117,458
Creditors: Amounts falling due within
one year 8 ( 36,174 ) ( 12,540 )
NET CURRENT ASSETS 167,752 104,918
Creditors: Amounts falling due after
more than one year 9 ( 10,000 ) ( 15,000 )
157,752 89,918
FUNDS
Unrestricted 12 18,000 10,000
Designated 24,935 15,982
Total unrestricted funds 42,935 25,982
Restricted 12 114,817 63,936
157,752 89,918

The notes on pages 10 to 15 form part of the financial statements

Approved by the Parochial Church Council on April 2022 and signed on its behalf by:

Barry Johnson (Churchwarden)

10

Parochial Church Council of St Clement, Cambridge

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2021

1 Accounting Policies

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

Basis of preparation

The financial statements have been prepared in accordance with the Church Accounting Regulations 2006,

together with applicable accounting standards and Statement of Recommended Practice "Accounting and Reporting by Charities" SORP FRS 102 (2015).

St Clement PCC meets the definition of a public benefit entity under FRS 102.

The financial statements have been prepared under the historical cost convention

Going Concern Basis

The PCC considers that the going concern basis is appropriate as they consider the reserves levels and expected giving and other income to be at sufficient levels to ensure that the PCC can meet its financial obligations for the next 12 to 18 months and on that basis the PCC is a going concern.

Financial reporting standard 102 - reduced disclosure exemptions

The PCC has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland':

Funds

General funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC. Funds designated for a particular purpose by the PCC are also unrestricted.

The accounts include all transactions, assets and liabilities for which the PCC is responsible by law. They do not include the accounts of church groups that owe their main affiliation to another body nor those that are informal gatherings of Church members.

Income

Income is recognised when the PCC has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably

Voluntary income and capital sources

Income from investments

Grant income

Legacy income

11

Parochial Church Council of St Clement, Cambridge

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2021

1 Accounting Policies (continued) Resources expended

Grants

Activities directly relating to the work of the Church

Fixed Assets

Consecrated property and movable church furnishings

Other fixtures, fittings and office equipment

Current Assets

Creditors and provisions

Creditors and provisions are recognised when the PCC has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due

Financial instruments

The PCC only has financial assets and financial liabilities of a kind that qualify as basic financial instruments Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value

12

Parochial Church Council of St Clement, Cambridge

NOTES TO THE FINANCIAL STATEMENTS (continued)

For the year ended 31 December 2021

2 Incoming Resources
Donations and legacies
Gift Aided donations
Other donations-St Ephraim’s
Other donations-None Gift Aided
Grants-Proby Fund
Grants-LPOW VAT
Grants-Heritage Lottery Fund
Grants-Cambridgeshire Historic Churches Trust
Grants-Bells Project
Income tax recoverable
Congregational Collections
Concerts and special collections
Visitor and other donations
Other trading activities
Church and hall lettings
Investment income
Premium on grant of licence agreement
Charitable activities
Miscellaneous income
Total income
3 Resources Expended
Charitable Activities
Parish share
Sanctuary expenses
Heat & Light
Insurance
Water
Subcontractors
Parochial fees
Music costs
Misc church costs
Audio visual equipment
Bank Charges
Internet
Development project
North Aisle Roof repairs
Heritage project activities
Ministry scheme costs
Bell project costs
Repairs and maintenance
Charitable donations		 Unrestricted
Funds
£
7,329
-
12,385
-
326
-
-
-
1,677
2,221
-
247
24,185
16,549
-
-
40,734
Unrestricted
Funds
£
4,402
792
6,636
3,203
73
3,364
-
1,274
865
-
192
536
-
-
-
-
-
1,071
-
22,408		 Restricted
Funds
£
62,425
-
60,600
2,000
19,128
-
-
7,000
16,967
906
-
169,026
-
4,000
-
173,026
Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-
2,274
3,030
2,069
-
116,145
-
-
123,518		 Total
Funds 2021
£
69,754
-
72,985
2,000
19,454
-
-
7,000
18,644
2,221
906
247
193,211
16,549
4,000
-
213,760
Total
Funds 2021
£
4,402
792
6,636
3,203
73
3,364
-
1,274
865
-
192
536
2,274
3,030
2,069
-
116,145
1,071
-
145,926		 Total
Funds 2020
£
47,780
3,670
17,782
-
2,163
4,900
2,750
12,392
1,785
647
208
94,077
13,054
4,000
199
111,330
Total
Funds 2020
£
3,926
374
3,497
3,134
72
3,365
108
637
1,398
4,905
60
1,224
9,344
3,635
2,397
9,000
3,702
1,531
92
52,401

13

Parochial Church Council of St Clement, Cambridge

NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ended 31 December 2021

4 Staff Costs

There were no staff during the 2020 or 2021.

During the year 3 PCC Members were reimbursed expenses totalling £5,310 (2020: £1,693)

One PCC Member provided services on a self-employed basis, separate from their duties as a PCC member, invoicing £3,363 for the year (2020: one PCC Members provided services on a self-employed basis invoicing £3,365)

5 Comparatives for the Statement of Financial Activities

Unrestricted
Funds
£
INCOME AND ENDOWMENTS FROM
Donations and Legacies
Charitable activities
Other trading activities
TOTAL INCOME
EXPENDITURE ON
Charitable activities
TOTAL EXPENDITURE
NET (EXPENDITURE)
13,939
199
13,054
-
27,192
19,418
19,418
7,774
Transfers between funds
(
2,800 )
NET MOVEMENT IN FUNDS
Balances brought forward at 1 January 2020
BALANCES CARRIED FORWARD AT
31 DECEMBER 2020
4,974
21,008
25,982		 Restricted
Funds
£
80,138
-
-
4,000
84,138
32,983
32,983
51,155
2,800
53,955
9,981
63,936		 Total
Funds 2020
£
94,077
199
13,054
4,000
111,330
52,401
52,401
58,929
-
58,929
30,989
89,918

14

Parochial Church Council of St Clement, Cambridge

NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ended 31 December 2021

Unrestricted
6 Analysis of Net Assets by Fund Funds Restricted Funds Total
Current Assets 60,986 142,940 203,926
Current Liabilities ( 8,051 ) ( 28,123 ) ( 36,174 )
Long Term Liabilities ( 10,000 ) - ( 10,000 )
Fund Balance 42,935 114,817 157,752
7 Debtors 2021 2020
£ £
Income Tax recoverable 34,970 16,326
VAT recoverable 18,590 2,163
53,560 18,489
8 Creditors: amounts falling due within one year
General Creditors 31,078 7,444
Loans 5,000 5,000
Other Creditors 96 96
36,174 12,540
9 Creditors: amounts falling due after more than one year
Loans 10,000 15,000

Loans comprises £5,000 due within one year and £10,000 due after more than one year. This is an interest free loan from Cambridgeshire Historic Churches Trust, repayable in 4 equal instalments, commencing in January 2021.

10 Independent Examiner's Fee

The independent examiner waived their fees for examination of the accounts for both 2020 and 2021

11 Related party transactions

There are no transactions with related parties requiring disclosure, other than those disclosed in Note 4

15

Parochial Church Council of St Clement, Cambridge

NOTES TO THE FINANCIAL STATEMENTS (continued)

For the year ended 31 December 2021

12 Fund Movements

Unrestricted Funds
General Fund
Designated Building Fund
Restricted Funds
Development Project fund
North Aisle Project Fund
Organ and Chancel Redevelopment fund
Bells fund
Small Restricted Funds
Total		 Balance at
01-Jan-21
£
Incoming
Resources
£
Resources
Expended
£
Fund
Transfers
£
10,000
40,734
(15,982 -
25,982
40,734 (
- 2,274
(- 3,726
(
5,755
906
53,412 166,120 (
4,769
-
63,936
173,026 (
89,918
213,760 (
22,408) (
-
22,408)(
2,274)
5,099)
-
116,145)
-(
123,518)
145,926)
10,326)
8,953
1,373)
1,373
884
-
884)
1,373
-		 Balance at
31-Dec-21
£
18,000
24,935
42,935
-
-
7,545
103,387
3,885
114,817
157,752

The designated building fund comprises funds designated by the PCC for use in current and future building projects.

The development project comprises grants and donations to fund a new kitchen, toilet, meeting room and heating system.

The North Aisle project comprises grants and donations, including form the Heritage Lottery Fund, to fund restoration of the North Aisle Roof and various associated heritage activities.

The organ and chancel redevelopment fund comprises funds being raised for the redevelopment of the organ.

The bells fund comprises income and expenditure in connection with the establishment of a bell ringing centre within the church.

Other small restricted funds represent funding provided for specific purposes which is not so material to the financial statements to require separate disclosure.

During the year fund transfers were made as follows:

£10,326 was transferred from the General Fund to the Designated Buildings Fund in accordance with the Reserves policy.

£1,373 was transferred from the General Fund to the North Aisle Project Fund to cover the deficit on that fund.

£884 was transferred from the chancel development fund to the organ and chancel redevelopment fund to represent merging of funds with similar objects