OFFICIAL ## **TREASURER’S REPORT 2021** We can be thankful this year that God has continued to sustain and increase our income. New church family have joined us, and been generous in their giving. Church family have returned to using the building post Covid, and giving by envelopes or in the plate has increased. Church Hall rentals have picked up post Covid by 10% compared to the previous year, however rental income would need to increase by a further 50% to get back to pre-pandemic levels. The Gift Day gave our income a further boost, and, on top of that, church family have also been generous to support a member of the church family. The generous legacy received in 2015 has been spent in the intervening years to fund staff wages, and is predicted to last a further two and a half years at current rates of income and expenditure. A grant was successfully applied for from Emmanuel Church Wimbledon to part fund our Administrator’s wages, and a similar grant has been promised for the next two years. The Finance Committee is expecting we continue the success of this year to increase our giving as a church family over future years, apply for further grants and funding, and reduce our expenditure where possible to work towards breaking even in our accounts. The Charities Commission Regulations require that we declare that St Andrew’s continues to be a viable concern for the next 2½ years, which is one further year than what was predicted in 2020. This year the difference between our expenditure and income was £39,791 which was funded from our savings. This overspend is 25% of the total expenditure, but is down from 2020 when it was 34% (£51,671). Our church weekly running costs of £3,005 were 3% higher than in 2020 (£2,920) as the church building was open for a greater portion of the year. Taking into account the Church Hall and other income, we require donations of £2,428 each week to break even. At present we receive £1,302 in regular weekly donations, a shortfall of £1,126. In 2021 there were 65 donor units (people or households) who would each need to increase their weekly giving by £17.30 to cover this shortfall. The total Church funds continue to be healthy at £117,486 (31[st] December 2021). ## **Income** We can be thankful to God that in 2021 we saw an annual increase in our church family giving of £11,861. This is a 19% increase on giving compared with 2020, or a 7% increase on regular giving if you exclude the 2021 Gift Day donations. Total regular giving for the year has increased from £60,777 in 2020 to £67,716 in 2021. The number of regular donors in our church family over the last four years has been 71 in 2018, 59 in 2019, 49 in 2020 and 65 in 2021. Payment by bank transfer has increasingly been the way most of the church family prefer to donate. For anyone else considering giving by this method the church bank account details are: SORT CODE: 09-01-54, ACCOUNT NUMBER: 85941082, PAYEE NAME: ST ANDREWS PCC. Please note that your bank may say that the payee name does not match, however you can safely ignore this warning. OFFICIAL Unusual income for the year was the 2021 Thanksgiving Gift Day (£7,245), half of which will be used to fund missionary work in 2022, and the rest to fund regular church ministry. Funds were also raised to support a member of the church family (£2,130). Church Hall lettings were up by £1,069 on the previous year, opening up further after Covid-19, with the total income from the Church Hall at £11,449. ## **Expenditure** Our gross expenditure for the year was £156,288, a 3% increase on 2020 (£151,807) mainly due to church activities returning to normal post Covid. - The major differences in expenditure in 2021 compared to 2020 were: - £4,684 increase in funding of church activities post pandemic - £2,130 gift specifically raised to support a member of the church family - £1,665 reduction in Council Tax and water rates for the year (due to Curate leaving in May) - £2,502 increase in major repairs due to funding a new Church Hall boiler. - £1,389 increase in the Parish Share (£62,476); the Parish Share is the biggest single expense for the church for the year. ## **Reserves Policy** The PCC has a Reserves Policy for the church family to hold in reserves the equivalent of three months’ general running costs. It is also our policy to hold an amount for likely building works due to the last quinquennial inspection. The present Reserves Policy is to hold £50,000 in reserves and our closing reserves were enough to cover this. ## **Thanks** After many years of faithful, diligent service as both treasurer and then processing receipts, Denis Morgans has now stepped down from assisting the Treasury Team. He carefully trained Linda Biscomb as his successor, and I am most grateful for her now leading this role. Thanks also go to Chris Bull for over five successful years as Treasurer; Chris has now passed on this duty to me. The Team is most grateful to Emma Sams for processing payments, Jeff Beranek for accounting and Caroline Crook for overseeing the Church Hall bookings. _Claire Beranek on behalf of the_ _Treasury Team_ 2 OFFICIAL ## **STATEMENT OF FINANCIAL ACTIVITIES** **----- Start of picture text -----**
Unrestri Restric Endow
cted ted ment TOTAL Last Chang
Funds Funds Funds 2021 year e
£ £ £ £ £ £
INCOME AND
ENDOWMENTS
Voluntary income 75,333 9,375 84,708 66,253 18,455
Fundraising from sales 105 0 105 144 (38)
Income from
investments 636 0 636 1,149 (513)
Church activities 15,503 0 15,503 13,035 2,469
Insurance claims 0 0 0 6,043 (6,043)
Gift aid claimed 15,545 0 15,545 13,513 2,032
116,49 100,13
TOTAL INCOME 107,123 9,375 0 8 6 16,362
EXPENDITURE
Direct
expenses/purchases 86 0 86 105 (19)
Overheads 133,699 0 133,699 135,716 (2,017)
Church
activities/grants 19,140 2,130 21,270 14,457 6,814
Professional fees 1,233 0 1,233 1,529 (296)
156,28 151,80
TOTAL EXPENDITURE 154,158 2,130 0 8 7 4,482
NET INCOME/
(EXPENDITURE)
BEFORE INVESTMENT (39,791 (51,671
GAINS (47,036) 7,245 ) ) 11,880
NET GAINS ON
INVESTMENTS 0 0 0 0
NET INCOME/ (47,036 (39,79 (51,67
(EXPENDITURE) ) 7,245 0 1) 1) 11,880
TRANSFERS BETWEEN
FUNDS 0 0 0
NET MOVEMENT IN (39,791 (51,671
FUNDS (47,036) 7,245 ) ) 11,880
TOTAL FUNDS (51,671
BROUGHT FORWARD 157,276 0 157,276 208,947 )
TOTAL FUNDS 117,48 157,27 (39,79
CARRIED FORWARD 110,241 7,245 0 6 6 1)
**----- End of picture text -----**
3 OFFICIAL **----- Start of picture text -----**
BALANCE SHEET AT 31
DECEMBER 2021
2021 2020 Change
£ £ £
FIXED ASSETS
Investments 0 0 0
0 0 0
CURRENT ASSETS
Debtors 15,545 17,154 (1,609)
(49,984
Deposits and Cash 50,014 99,998 )
Bank Account 61,755 41,274 20,481
127,3 158,42 (31,11
14 6 3)
LIABILITIES
Accounts payable within 1 year 9,828 1,150 8,678
NET CURRENT ASSETS / 117,4 157,27 (39,79
(LIABILITIES) 86 6 1)
TOTAL ASSETS LESS CURRENT 117,48 157,27 (39,791
LIABILITIES 6 6 )
Accounts payable over 1 year 0 0 0
117,4 157,27 (39,79
TOTAL NET ASSETS 86 6 1)
PARISH FUNDS
110,24 157,27 (47,036
Unrestricted 1 6 )
Restricted 7,245 0 7,245
Endowment 0 0 0
117,4 157,27 (39,79
TOTAL PARISH FUNDS 86 6 1)
**----- End of picture text -----**
4 OFFICIAL SPECIAL PURPOSE FUNDS Fund Name Type Start 2021 End 2021 Change Notes General Fund Unrestrirted Gift Day 2021 Fund Restricted Cheryl Funeral Fund Restricted 157,276 110,241 7.245 147,0361 7,245 General purpose fund Fund fij1￿ colletted but yetto be spent Fund fLI1￿ collected and Spent within year 157.276 117.48 139.7911 TOTAL ASSErs count Start 2021 End 2021 Chan8È Note5 Accounts Payable Acmunts Receivable Main Bank Account Sawngs Account Petry Cash li.￿0) 17.15 41.274 I(KI.(KM) 11.581 157,276 19,8281 15.545 61.755 s0,Ix)o 14 18.6781 11,6(YJl 20.481 150,(MX)I 16 Money owed to others at end of year Money owed to PCC at end of ear inc_ Grft Aid Santsnder bank account CAF 6(kday notice cash savings accoLJnt 117,48 139,7911 OFFICIAL Tr¥c 4tKX) Ebnatron to Pank 4(Q2 other $Sann￿l giMrrfJ 4(K)3 LL)ose pl* coll￿ts0n IC&h 4(Trl LcM)se pl&e collation (Cash N)n (3ftAidl 4(K)7 &JrKJryCk)nations 41￿ fyants (from others) 9,478 1.0 5.3)1 Ll&) 470 Z618 5.20 4.1 47 425 4401 &JokICDIDW￿1￿ la)J pwish i( 4E￿ Fees colletted forwaYdI￿ fu￿￿5 4EI)l ￿h,5 Arkdonatior 4EQ2 Churth E 4&)3 (hur(h hall lati￿- rrylar 4EfyI (hurth hall Ictkn￿- ￿SUal 4fffi ￿lor5, LurKh &T&a l(k)nation51 4EQ7 ￿ (donatior￿) 2417 2,41 L6 L132 IQ824 61 517 925 144 io 85 10,82 i(x) 47￿ In￿st￿nt Irmrre Ilntu&l 1.14 (513) 4￿)1 Tax reo)wable on CiftAid th￿iOr 4￿2 IrsUran￿ dairy 54 13.51 2.032 (6.(W3) OFFICIAL wc (knnts (to otssl 203 Other(hurth aEnt tDSts 204 Ciilngto rris90rk3ry￿0eti 205 Eva￿lstICC￿ts lirL ￿9n￿ ￿lS9on) 2th Parish Training lexterrkallyvoifid￿jI 207 MstirvJ spea￿10alry 208 Junior Churth o)*s 2214 3,755 352 10,435 li.￿> IL 715 (73D {3￿)) li 154 (￿) li )1 5210 cOnfew(￿ (ext￿llyF￿oVlda1j 5211 ￿lOr5, rrEalscD*s 5212 NoaksArk& ￿turd￿CO¥S 5213 ￿ co*s 5214 &JpwrttO 9ts010)#s 5215 Ffc eywEeS 5217 traini 315 314 31 155 443 142 57 143 14 L02 lint8TkAII T(*al 3•) 6102 PR ltstwature & Pi(Khure51 62￿ G)ots F1Jrth￿j for ￿le1￿)￿￿ks) 37 49 7(KK) Rent 7￿1 CourKiI Tax 7￿2 Water Rates. Mcarw* aThJ Ojrate 7￿3 Water Rat&. thurth aThJ Flall 7￿5 Wa*e(DI1￿tio￿ io 4,4 (1366) (358) io 49 (I6fj) 247 13)3 24 L3) 129 17 T(tal 7105 Ele%Yrioty- (Jurth 71(6 El8trKity- Churth fo11 7107 &s. O)urch 7108 G35. Churth hall 372 (6) L23 1.41 (61) (424) 1.419 T(tal 72(x) TransFOrtJkkartaWts7 7203 UK￿tertaInlYEnt 495 (3f6) (iS6) OFFICIAL p¥c 3(O FkntocowrwJFknntir offi￿ %3tr"or 303 PA)oWliter*ureto g￿aWaY 3CI4 Mwcwrti￿lIc￿5￿o)￿5 37 167 67 {L40) 187 912 912 >T(i* 2 Corryxrtw arKI 9)f￿a 7354 Webgte a)*s 749 517 74 51 619 491 TsX* 75(K) Fumiture& fumishi 7501 Church and hall da3nirMJ 7502 Audiolmdw eyuiprrwt 7510 Or￿r(plan0 tunirKJ 7513 Fire tr￿1th & &3fdyco 7514 Upkeq) of d)ur(hyard 7515 Chur(h and trwll rrB1rt￿WrXE 7516 Chwth rypjor rqxiir5 (3.058) (170) 1.021 5,52 L745 L7 I￿) Z278 2,2 ,f6 io, 2. T¢X* 7fm ministryF￿riSh share& fe 7fDS IrEurarKP 7fffi Mi¥dIarW￿ coas 62.476 62,47 61,(￿7 4,￿1 2,&J3 (2.8Y3) 67J 78A)3 I￿￿ti[MJo[￿nl 78DS &osEW3¥.Aqq*ant&aff 7Effj knton 240 255 28,452 (15) 55 55 Pe￿on ContrI￿tiorS 7g)2 PLU)untancy F 7W F*of￿0r1)I Fees 7￿) Audit F*s 51 (48) 15Lffl) OFFICIAL VoluntaryirKorrE iritiesfor ￿7￿rQfUtThts Churth ￿ti￿ties IncorrEfrom in￿￿¥￿ Tax recoiErable on GftAid dc￿￿Or6 InwrarKedain 75333 ic6 5)3 18.455 (38) 2,469 (513) 2,032 (6.CH3) IS.￿) 13,03 L14 13.51 6.1 15545 15.54 (hw(h Kii9ro RentaNJ r Gasatyi dc(triaty TraidlirKJew6es Printi@gknorwl&c T￿ep￿￿c0lY￿ut￿1etc MaintenarKe .1 21.27 14.45 6.814 (19) fl.665) (491) 3. 4,287 691 z( 621 L9 12E6 21418 67334 (131) 23.41 67. &8.781 ).71 Wa Profes90nal 2TJ (￿) 147,( OFFICIAL ## **NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2021** ## **Basis of Financial Statements** The financial statements of St Andrew’s PCC, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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[st] January 2015)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received, and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Taxation** The charity is exempt from corporation tax on its charitable activities. The charity is not required to register for Value Added Tax (VAT). Relevant payroll taxes are paid to HMRC on a monthly basis. The charity qualifies for the Employment Allowance which reduces the employer's National Insurance payments. The charity claims Gift Aid annually on qualifying donations on a receivable basis. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. The only Unrestricted fund now held by the church is the General Fund at £110,241 (as of 31[st] December 2021) Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. A restricted fund, opened and closed in the year, was to support a member of the church family. All monies from this fund (£2,130) were spent within the year towards its stated purpose. The other restricted fund remaining open at the end of the year was the 2021 Gift Day fund. This fund of £7,245 is expected to be spent fully in 2022. 10 OFFICIAL ## **Incoming Resources** ## **Voluntary income and capital sources** Collections are recognised when received by or on behalf of the PCC. Planned giving receivable under Gift Aid is recognised only when received. Income tax recoverable on Gift Aid donations are recognised when the income is received. This means it is received in the next financial year (2022) and is shown as accrued (expected to be received) in the accounts for 2021. Funds received by the SALT, XTB and similar groups or events are accounted for gross. Sales of books are accounted for gross. ## **Other income** Rental income from the letting of church premises is recognised when the rental is received. ## **Investments** Savings interest is accounted for when paid. The PCC holds no investments other than a 60-day notice cash savings account, for which the church received £636 in interest in 2021. This savings account was given notice for closure in 2021, and is expected to be closed in 2022. ## **Resources used** ## **Grants** Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC. A grant of £5,000 was received from Emmanuel church Wimbledon in 2021 towards the funding of the Church Administrator wages. ## **Activities directly relating to the work of the Church** The Parish Share is accounted for when paid. ## **Staffing** Two members of staff are paid from church funds: Michelle Bateman, Parish Assistant (part-time) and Bethany Lindon, the Youth and Children’s Worker (75%). The Vicar, James Nash, receives a stipend from the Church Commissioners and so the PCC only pays Council Tax and water rates for the vicarage. The Curate, Jonny Lee, left the church family in 2021, after which time Council Tax and water rates were no longer payable on his property. All members of staff receive expenses and have training paid for by church funds. Monthly pension contributions have been made on a payable basis to the NEST Pensions scheme on behalf of employees. ## **Fixed Assets** ## **Consecrated land and buildings and movable church furnishings** Consecrated and beneficed property is excluded from the accounts by s.10(2)to 10(4) of the Charities Act 2011. Movable church furnishings held by the Vicar 11 OFFICIAL and Churchwardens on special trust for the PCC and which require a faculty for disposal, are accounted as inalienable property unless consecrated. ## **Other fixtures, fittings, and office equipment** Fixed assets are recognised when a resource is controlled by the charity as a result of a past event or transaction, for example a past gift or purchase; it is probable that the expected future economic benefits associated with the asset will flow to the charity; and the historical cost or fair value of the asset can be measured reliably. Individual spend will be assessed in respect of its capital nature and any repairs or replacements will not be capitalised and will be included as expenditure in the year it is incurred. ## **Investments** The PCC holds no investments. ## **Current Assets** Amounts owing to the PCC at 31[st] December in respect of fees, rents or other income are shown as debtors less provision for amounts that may prove uncollectable. Short-term deposits include cash held at the main bank account with Santander and a 60–day notice savings account with CAF of £50,000. Approved by the Parochial Church Council on Monday 7[th] February 2022 and signed on its behalf by: (Chairman) ..................................... .... (Treasurer) ......................................... 12 OFFICIAL ## **TREASURER’S REPORT 2021** We can be thankful this year that God has continued to sustain and increase our income. New church family have joined us, and been generous in their giving. Church family have returned to using the building post Covid, and giving by envelopes or in the plate has increased. Church Hall rentals have picked up post Covid by 10% compared to the previous year, however rental income would need to increase by a further 50% to get back to pre-pandemic levels. The Gift Day gave our income a further boost, and, on top of that, church family have also been generous to support a member of the church family. The generous legacy received in 2015 has been spent in the intervening years to fund staff wages, and is predicted to last a further two and a half years at current rates of income and expenditure. A grant was successfully applied for from Emmanuel Church Wimbledon to part fund our Administrator’s wages, and a similar grant has been promised for the next two years. The Finance Committee is expecting we continue the success of this year to increase our giving as a church family over future years, apply for further grants and funding, and reduce our expenditure where possible to work towards breaking even in our accounts. The Charities Commission Regulations require that we declare that St Andrew’s continues to be a viable concern for the next 2½ years, which is one further year than what was predicted in 2020. This year the difference between our expenditure and income was £39,791 which was funded from our savings. This overspend is 25% of the total expenditure, but is down from 2020 when it was 34% (£51,671). Our church weekly running costs of £3,005 were 3% higher than in 2020 (£2,920) as the church building was open for a greater portion of the year. Taking into account the Church Hall and other income, we require donations of £2,428 each week to break even. At present we receive £1,302 in regular weekly donations, a shortfall of £1,126. In 2021 there were 65 donor units (people or households) who would each need to increase their weekly giving by £17.30 to cover this shortfall. The total Church funds continue to be healthy at £117,486 (31[st] December 2021). ## **Income** We can be thankful to God that in 2021 we saw an annual increase in our church family giving of £11,861. This is a 19% increase on giving compared with 2020, or a 7% increase on regular giving if you exclude the 2021 Gift Day donations. Total regular giving for the year has increased from £60,777 in 2020 to £67,716 in 2021. The number of regular donors in our church family over the last four years has been 71 in 2018, 59 in 2019, 49 in 2020 and 65 in 2021. Payment by bank transfer has increasingly been the way most of the church family prefer to donate. For anyone else considering giving by this method the church bank account details are: SORT CODE: 09-01-54, ACCOUNT NUMBER: 85941082, PAYEE NAME: ST ANDREWS PCC. Please note that your bank may say that the payee name does not match, however you can safely ignore this warning. OFFICIAL Unusual income for the year was the 2021 Thanksgiving Gift Day (£7,245), half of which will be used to fund missionary work in 2022, and the rest to fund regular church ministry. Funds were also raised to support a member of the church family (£2,130). Church Hall lettings were up by £1,069 on the previous year, opening up further after Covid-19, with the total income from the Church Hall at £11,449. ## **Expenditure** Our gross expenditure for the year was £156,288, a 3% increase on 2020 (£151,807) mainly due to church activities returning to normal post Covid. - The major differences in expenditure in 2021 compared to 2020 were: - £4,684 increase in funding of church activities post pandemic - £2,130 gift specifically raised to support a member of the church family - £1,665 reduction in Council Tax and water rates for the year (due to Curate leaving in May) - £2,502 increase in major repairs due to funding a new Church Hall boiler. - £1,389 increase in the Parish Share (£62,476); the Parish Share is the biggest single expense for the church for the year. ## **Reserves Policy** The PCC has a Reserves Policy for the church family to hold in reserves the equivalent of three months’ general running costs. It is also our policy to hold an amount for likely building works due to the last quinquennial inspection. The present Reserves Policy is to hold £50,000 in reserves and our closing reserves were enough to cover this. ## **Thanks** After many years of faithful, diligent service as both treasurer and then processing receipts, Denis Morgans has now stepped down from assisting the Treasury Team. He carefully trained Linda Biscomb as his successor, and I am most grateful for her now leading this role. Thanks also go to Chris Bull for over five successful years as Treasurer; Chris has now passed on this duty to me. The Team is most grateful to Emma Sams for processing payments, Jeff Beranek for accounting and Caroline Crook for overseeing the Church Hall bookings. _Claire Beranek on behalf of the_ _Treasury Team_ 2 OFFICIAL ## **STATEMENT OF FINANCIAL ACTIVITIES** **----- Start of picture text -----**
Unrestri Restric Endow
cted ted ment TOTAL Last Chang
Funds Funds Funds 2021 year e
£ £ £ £ £ £
INCOME AND
ENDOWMENTS
Voluntary income 75,333 9,375 84,708 66,253 18,455
Fundraising from sales 105 0 105 144 (38)
Income from
investments 636 0 636 1,149 (513)
Church activities 15,503 0 15,503 13,035 2,469
Insurance claims 0 0 0 6,043 (6,043)
Gift aid claimed 15,545 0 15,545 13,513 2,032
116,49 100,13
TOTAL INCOME 107,123 9,375 0 8 6 16,362
EXPENDITURE
Direct
expenses/purchases 86 0 86 105 (19)
Overheads 133,699 0 133,699 135,716 (2,017)
Church
activities/grants 19,140 2,130 21,270 14,457 6,814
Professional fees 1,233 0 1,233 1,529 (296)
156,28 151,80
TOTAL EXPENDITURE 154,158 2,130 0 8 7 4,482
NET INCOME/
(EXPENDITURE)
BEFORE INVESTMENT (39,791 (51,671
GAINS (47,036) 7,245 ) ) 11,880
NET GAINS ON
INVESTMENTS 0 0 0 0
NET INCOME/ (47,036 (39,79 (51,67
(EXPENDITURE) ) 7,245 0 1) 1) 11,880
TRANSFERS BETWEEN
FUNDS 0 0 0
NET MOVEMENT IN (39,791 (51,671
FUNDS (47,036) 7,245 ) ) 11,880
TOTAL FUNDS (51,671
BROUGHT FORWARD 157,276 0 157,276 208,947 )
TOTAL FUNDS 117,48 157,27 (39,79
CARRIED FORWARD 110,241 7,245 0 6 6 1)
**----- End of picture text -----**
3 OFFICIAL **----- Start of picture text -----**
BALANCE SHEET AT 31
DECEMBER 2021
2021 2020 Change
£ £ £
FIXED ASSETS
Investments 0 0 0
0 0 0
CURRENT ASSETS
Debtors 15,545 17,154 (1,609)
(49,984
Deposits and Cash 50,014 99,998 )
Bank Account 61,755 41,274 20,481
127,3 158,42 (31,11
14 6 3)
LIABILITIES
Accounts payable within 1 year 9,828 1,150 8,678
NET CURRENT ASSETS / 117,4 157,27 (39,79
(LIABILITIES) 86 6 1)
TOTAL ASSETS LESS CURRENT 117,48 157,27 (39,791
LIABILITIES 6 6 )
Accounts payable over 1 year 0 0 0
117,4 157,27 (39,79
TOTAL NET ASSETS 86 6 1)
PARISH FUNDS
110,24 157,27 (47,036
Unrestricted 1 6 )
Restricted 7,245 0 7,245
Endowment 0 0 0
117,4 157,27 (39,79
TOTAL PARISH FUNDS 86 6 1)
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4 OFFICIAL SPECIAL PURPOSE FUNDS Fund Name Type Start 2021 End 2021 Change Notes General Fund Unrestrirted Gift Day 2021 Fund Restricted Cheryl Funeral Fund Restricted 157,276 110,241 7.245 147,0361 7,245 General purpose fund Fund fij1￿ colletted but yetto be spent Fund fLI1￿ collected and Spent within year 157.276 117.48 139.7911 TOTAL ASSErs count Start 2021 End 2021 Chan8È Note5 Accounts Payable Acmunts Receivable Main Bank Account Sawngs Account Petry Cash li.￿0) 17.15 41.274 I(KI.(KM) 11.581 157,276 19,8281 15.545 61.755 s0,Ix)o 14 18.6781 11,6(YJl 20.481 150,(MX)I 16 Money owed to others at end of year Money owed to PCC at end of ear inc_ Grft Aid Santsnder bank account CAF 6(kday notice cash savings accoLJnt 117,48 139,7911 OFFICIAL Tr¥c 4tKX) Ebnatron to Pank 4(Q2 other $Sann￿l giMrrfJ 4(K)3 LL)ose pl* coll￿ts0n IC&h 4(Trl LcM)se pl&e collation (Cash N)n (3ftAidl 4(K)7 &JrKJryCk)nations 41￿ fyants (from others) 9,478 1.0 5.3)1 Ll&) 470 Z618 5.20 4.1 47 425 4401 &JokICDIDW￿1￿ la)J pwish i( 4E￿ Fees colletted forwaYdI￿ fu￿￿5 4EI)l ￿h,5 Arkdonatior 4EQ2 Churth E 4&)3 (hur(h hall lati￿- rrylar 4EfyI (hurth hall Ictkn￿- ￿SUal 4fffi ￿lor5, LurKh &T&a l(k)nation51 4EQ7 ￿ (donatior￿) 2417 2,41 L6 L132 IQ824 61 517 925 144 io 85 10,82 i(x) 47￿ In￿st￿nt Irmrre Ilntu&l 1.14 (513) 4￿)1 Tax reo)wable on CiftAid th￿iOr 4￿2 IrsUran￿ dairy 54 13.51 2.032 (6.(W3) OFFICIAL wc (knnts (to otssl 203 Other(hurth aEnt tDSts 204 Ciilngto rris90rk3ry￿0eti 205 Eva￿lstICC￿ts lirL ￿9n￿ ￿lS9on) 2th Parish Training lexterrkallyvoifid￿jI 207 MstirvJ spea￿10alry 208 Junior Churth o)*s 2214 3,755 352 10,435 li.￿> IL 715 (73D {3￿)) li 154 (￿) li )1 5210 cOnfew(￿ (ext￿llyF￿oVlda1j 5211 ￿lOr5, rrEalscD*s 5212 NoaksArk& ￿turd￿CO¥S 5213 ￿ co*s 5214 &JpwrttO 9ts010)#s 5215 Ffc eywEeS 5217 traini 315 314 31 155 443 142 57 143 14 L02 lint8TkAII T(*al 3•) 6102 PR ltstwature & Pi(Khure51 62￿ G)ots F1Jrth￿j for ￿le1￿)￿￿ks) 37 49 7(KK) Rent 7￿1 CourKiI Tax 7￿2 Water Rates. Mcarw* aThJ Ojrate 7￿3 Water Rat&. thurth aThJ Flall 7￿5 Wa*e(DI1￿tio￿ io 4,4 (1366) (358) io 49 (I6fj) 247 13)3 24 L3) 129 17 T(tal 7105 Ele%Yrioty- (Jurth 71(6 El8trKity- Churth fo11 7107 &s. O)urch 7108 G35. Churth hall 372 (6) L23 1.41 (61) (424) 1.419 T(tal 72(x) TransFOrtJkkartaWts7 7203 UK￿tertaInlYEnt 495 (3f6) (iS6) OFFICIAL p¥c 3(O FkntocowrwJFknntir offi￿ %3tr"or 303 PA)oWliter*ureto g￿aWaY 3CI4 Mwcwrti￿lIc￿5￿o)￿5 37 167 67 {L40) 187 912 912 >T(i* 2 Corryxrtw arKI 9)f￿a 7354 Webgte a)*s 749 517 74 51 619 491 TsX* 75(K) Fumiture& fumishi 7501 Church and hall da3nirMJ 7502 Audiolmdw eyuiprrwt 7510 Or￿r(plan0 tunirKJ 7513 Fire tr￿1th & &3fdyco 7514 Upkeq) of d)ur(hyard 7515 Chur(h and trwll rrB1rt￿WrXE 7516 Chwth rypjor rqxiir5 (3.058) (170) 1.021 5,52 L745 L7 I￿) Z278 2,2 ,f6 io, 2. T¢X* 7fm ministryF￿riSh share& fe 7fDS IrEurarKP 7fffi Mi¥dIarW￿ coas 62.476 62,47 61,(￿7 4,￿1 2,&J3 (2.8Y3) 67J 78A)3 I￿￿ti[MJo[￿nl 78DS &osEW3¥.Aqq*ant&aff 7Effj knton 240 255 28,452 (15) 55 55 Pe￿on ContrI￿tiorS 7g)2 PLU)untancy F 7W F*of￿0r1)I Fees 7￿) Audit F*s 51 (48) 15Lffl) OFFICIAL VoluntaryirKorrE iritiesfor ￿7￿rQfUtThts Churth ￿ti￿ties IncorrEfrom in￿￿¥￿ Tax recoiErable on GftAid dc￿￿Or6 InwrarKedain 75333 ic6 5)3 18.455 (38) 2,469 (513) 2,032 (6.CH3) IS.￿) 13,03 L14 13.51 6.1 15545 15.54 (hw(h Kii9ro RentaNJ r Gasatyi dc(triaty TraidlirKJew6es Printi@gknorwl&c T￿ep￿￿c0lY￿ut￿1etc MaintenarKe .1 21.27 14.45 6.814 (19) fl.665) (491) 3. 4,287 691 z( 621 L9 12E6 21418 67334 (131) 23.41 67. &8.781 ).71 Wa Profes90nal 2TJ (￿) 147,( OFFICIAL ## **NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2021** ## **Basis of Financial Statements** The financial statements of St Andrew’s PCC, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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[st] January 2015)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received, and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Taxation** The charity is exempt from corporation tax on its charitable activities. The charity is not required to register for Value Added Tax (VAT). Relevant payroll taxes are paid to HMRC on a monthly basis. The charity qualifies for the Employment Allowance which reduces the employer's National Insurance payments. The charity claims Gift Aid annually on qualifying donations on a receivable basis. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. The only Unrestricted fund now held by the church is the General Fund at £110,241 (as of 31[st] December 2021) Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. A restricted fund, opened and closed in the year, was to support a member of the church family. All monies from this fund (£2,130) were spent within the year towards its stated purpose. The other restricted fund remaining open at the end of the year was the 2021 Gift Day fund. This fund of £7,245 is expected to be spent fully in 2022. 10 OFFICIAL ## **Incoming Resources** ## **Voluntary income and capital sources** Collections are recognised when received by or on behalf of the PCC. Planned giving receivable under Gift Aid is recognised only when received. Income tax recoverable on Gift Aid donations are recognised when the income is received. This means it is received in the next financial year (2022) and is shown as accrued (expected to be received) in the accounts for 2021. Funds received by the SALT, XTB and similar groups or events are accounted for gross. Sales of books are accounted for gross. ## **Other income** Rental income from the letting of church premises is recognised when the rental is received. ## **Investments** Savings interest is accounted for when paid. The PCC holds no investments other than a 60-day notice cash savings account, for which the church received £636 in interest in 2021. This savings account was given notice for closure in 2021, and is expected to be closed in 2022. ## **Resources used** ## **Grants** Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC. A grant of £5,000 was received from Emmanuel church Wimbledon in 2021 towards the funding of the Church Administrator wages. ## **Activities directly relating to the work of the Church** The Parish Share is accounted for when paid. ## **Staffing** Two members of staff are paid from church funds: Michelle Bateman, Parish Assistant (part-time) and Bethany Lindon, the Youth and Children’s Worker (75%). The Vicar, James Nash, receives a stipend from the Church Commissioners and so the PCC only pays Council Tax and water rates for the vicarage. The Curate, Jonny Lee, left the church family in 2021, after which time Council Tax and water rates were no longer payable on his property. All members of staff receive expenses and have training paid for by church funds. Monthly pension contributions have been made on a payable basis to the NEST Pensions scheme on behalf of employees. ## **Fixed Assets** ## **Consecrated land and buildings and movable church furnishings** Consecrated and beneficed property is excluded from the accounts by s.10(2)to 10(4) of the Charities Act 2011. Movable church furnishings held by the Vicar 11 OFFICIAL and Churchwardens on special trust for the PCC and which require a faculty for disposal, are accounted as inalienable property unless consecrated. ## **Other fixtures, fittings, and office equipment** Fixed assets are recognised when a resource is controlled by the charity as a result of a past event or transaction, for example a past gift or purchase; it is probable that the expected future economic benefits associated with the asset will flow to the charity; and the historical cost or fair value of the asset can be measured reliably. Individual spend will be assessed in respect of its capital nature and any repairs or replacements will not be capitalised and will be included as expenditure in the year it is incurred. ## **Investments** The PCC holds no investments. ## **Current Assets** Amounts owing to the PCC at 31[st] December in respect of fees, rents or other income are shown as debtors less provision for amounts that may prove uncollectable. Short-term deposits include cash held at the main bank account with Santander and a 60–day notice savings account with CAF of £50,000. Approved by the Parochial Church Council on Monday 7[th] February 2022 and signed on its behalf by: (Chairman) ..................................... .... (Treasurer) ......................................... 12 ## ## ##