**Registered Charity Number 1163376** ## **St John with St Michael, Bournemouth** ## **Annual Reports and Accounts Of the Parochial Church Council** ## **Year ended 31st December 2021** |**Contents**|| |---|---| ||**Page**| |Reference and Administra/ve informa/on|ii-iii| |Annual Report|iv-ix| |Independent examiner’s report|1| |Statement of fnancial ac/vi/es|2| |Balance Sheet|3| |Notes to the fnancial statements|4 - 11| ## **PAROCHIAL CHURCH COUNCIL OF ST JOHN WITH ST MICHAEL, BOURNEMOUTH** ## **REFERENCE AND ADMINISTRATIVE INFORMATION** St John’s Church and St Michael’s Church are the Parish Church that covers the West Cliff of Bournemouth and some of Branksome, in the Diocese of Winchester within the Church of England. Correspondence and administra/ve address: The Stream Office, St Michael’s Church, Poole Road, Bournemouth, BH2 5QU. ## **PCC Membership** ## **January - April 2021** **Churchwardens** Sue Weal Ron Metcalf **PCC** Steve Annandale Jo Paine Linda Croad Sylvia Ridout Chris Miles Dave Rixon ## **April - December 2021** **Churchwardens** Ron Metcalf Sue Weal **PCC** Linda Croad Jo Paine Aaron Dwyer Sylvia Ridout Chris Miles Dave Rixon ## **Deanery Synod (ex-officio PCC Member)** vacant ## **PCC Officers** PCC Chair (Vicar) Revd Sarah Yetman Vice-Chair Sue Weal Treasurer vacant PCC Secretary vacant Safeguarding Officer Sylvia Ridout ii ## **Sub-commiWees and Chairs** Standing Commi]ee Revd Sarah Yetman ## **Licensed Lay Minister** James Richardson ## **Ordinand** Daniela Eisentraeger (ordained July 2021) ## **Curate** Lauren Cheshire (July - September 2021) ## **Bishop’s Permission to Preach** Sylvia Ridout ## **Advisors** Bankers Independent Examiners Lloyds Bank plc, 106-108 Poole Road, Westbourne, Bournemouth, Dorset, BH4 9EQ Sue Wintle FMAAT, 27 Basco] Road Wallisdown Bournemouth Dorset BH11 8RJ iii ## **Parochial Church Council of St John with St Michael, Bournemouth** ## Annual Report For The Year Ended 31 December 2021 The Parochial Church Council (PCC) of St John with St Michael, Bournemouth, presents its annual report for the year ended 31 December 2021, together with the accounts for the year. The accounts have been prepared in accordance with the requirements of the Chari/es Act 1993, the Statement of Recommended Prac/ce “Accoun/ng and Repor/ng for Chari/es” (SORP 2005) issued by the Charity Commission, the Chari/es (Accounts and Reports) Regula/ons 2005 and the Church Accoun/ng Regula/ons 2006. ## Structure, Governance and Management The PCC is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure. It is registered with the Chari/es Commission as a Charity, in accordance with the Chari/es Act 2006. The PCC has no related trusts or chari/es. PCC appointments are made by elec/on at the APCM. The process of appointment is set out by the Church Representa/on Rules. The Churchwardens are ex-officio members of the PCC and are elected at the Annual Parish Mee/ng. The PCC members hold responsibili/es including health and safety, discrimina/on legisla/on, safeguarding and other legal obliga/ons. Members are introduced to their responsibili/es at the first mee/ng of the PCC following the Annual Mee/ng. The PCC cons/tu/on includes the embodiment of a Standing Commi]ee, whose responsibili/es are to exercise any necessary PCC business between mee/ngs. The Standing Commi]ee cons/tuted membership is: Vicar, Churchwardens, Treasurer, plus one elected member of the PCC. The terms of all PCC Sub-commi]ees are reviewed (as necessary) and agreed, and their membership is appointed by elec/on at the first mee/ng of the PCC following the Annual Mee/ng. ## Risk Management The PCC recognises its responsibility for managing risk and ensuring best prac/ce and conformity to legal obliga/ons in all areas of church life, including: physical risks to the health and safety of employees, volunteers and users; financial risks through commercial ac/vity; the dilapida/on of buildings; personnel issues including the loss of people with key skills; and the safeguarding of children and other vulnerable people. These issues are always considered as part of the decisionmaking process according to their relevance, and measures are taken to mi/gate risks through monitoring, training and regular review. The PCC has specific policies rela/ng to those areas that are reviewed annually. ## **Safeguarding** As a church, we are commi]ed to promo/ng a safer environment and culture. A safeguarding policy has been adopted, and a safeguarding officer appointed, in accordance with diocesan guidelines. The policy covers children and vulnerable adults. It is reviewed at least annually. We want the church to be a safe place for all, especially those who are most vulnerable. ## **Health and Safety** iv The PCC ensures that relevant health and safety and employment law requirements are adhered to in all church buildings and by all church organisa/ons. Risk assessments are carried out for all ac/vi/es. ## Objec/ves and Ac/vi/es The primary aim of the PCC is the promo/on of the Gospel of the Lord Jesus Christ according to the doctrines and prac/ces of the Church of England. The PCC cooperates with the Vicar in promo/ng in the parish and wherever it has influence, the whole mission of the church, pastoral, evangelis/c, social and ecumenical (see PCC (Powers) Measure 1956). 2021 was another year in which there was a range of worship services in person and online, due to the ongoing Covid-19 pandemic. From January - early April 2021, we live-streamed our worship from home, drawing in pre-recorded segments of readings, sermons and prayers prepared by congrega/on members. These online services were followed by the Zoom coffee lounge, a chance to catch up with other church members over a beverage amer the service. Early in 2021, we also began the Thursday evening “Prayer around the fire” prayer mee/ng online each Thursday evening at 6pm. Our first in person act of worship took place outside at St Mike’s on Maundy Thursday, where we began Prayer around the Fire in person with a fire pit. At the /me, we were unable to have congrega/onal singing inside the church. Easter Sunday was our first in person service, which we held as a joint service at St John’s. From then onwards, we held an in person weekly worship service at St John’s each Sunday at 9.30, with Holy Communion twice per month, usually on the second and fourth Sundays. This has con/nued up to the present day, with no more lockdowns to interrupt. We began to draw the St Mike’s congrega/on to worship outside the church (due to building work taking place inside) from mid-June. We celebrated returning inside the building on 12th September with a visit from +Debbie, the Bishop of Southampton. On 12th December, we held the official launch of the new congrega/on at St Mike’s with a Chris/ngle Service, +Debbie, and lots of cake. The worship style at St Mike’s is more informal, with an emphasis on children’s work and ministry to local families. The service is at 10am each Sunday, with the doors opening at 9.30 for refreshments. The objec/ves and ac/vi/es of St John with St Michael are for the benefit of the public, and the PCC has complied with the duty in Sec/on 4 of the Chari/es Act 2006 to have due regard to the Charity Commission guidance published in this report. ## Parochial Church Council of St John with St Michael, Bournemouth The PCC met 7 /mes during 2021, two of which were on Zoom. The Standing Commi]ee did not meet between these mee/ngs. The PCC is chaired by the Vicar, or by the Vice Chair (a Churchwarden) during an interregnum. ## Personnel v The clergy at St John with St Michael consist of the Vicar, Revd Sarah Yetman, who has been licensed to the parish since 18th November 2018. Previously she was Priest-in-Charge. Jim Richardson con/nued to serve as an LLM to the parish. We celebrated the ordina/on of Daniela Eisentraeger, an ordinand on placement with us in July and wished her well for her ongoing ministry as she moved to Southampton to serve her curacy there. Ministry at St John’s has been supported by an able team of PTO ordained ministers, some re/red, others in different roles locally. We are deeply thankful for their ministry to us. ## **Staff Members** In February, we were able to appoint Heidi Haagensen as our Children and Families pastor with the help of the Strategic Development Funding (SDF) we had been awarded as a church. Although we were s/ll in lockdown when she started work, she was quickly able to start re-building exis/ng rela/onships with St Michael’s School and families, and geong to know others. In April, Ollie Greenaway started as our Ops Manager, another SDF funded role. He quickly se]led into the role of managing the church and buildings, which was very necessary due to the ongoing building work. At the end of August, he was offered an opportunity closer to home and lem. Beth Parker started at the end of August on a casual basis as our Worship Pastor, officially star/ng the fixed-term contract at the start of October amer her wedding and honeymoon. This post again was funded by the SDF monies we’ve received to bring about growth at St Mike’s. In November, Helen Veit started as our cleaner, keeping St Mike’s church spick and span for church users and leongs and hires. In addi/on to these paid roles, there are many voluntary leaders and workers who sustain the work of St John’s and St Mike’s. That includes ministry in children’s work, support for the elderly, pastoral care for the sick and bereaved, and in every aspect of church life and ministry. Many of these roles have undergone a huge amount of change due to Covid-19, however we are thankful for all who serve and make our church all that it is. ## **Vision and Strategy** St John’s Church and St Mike’s Church are both part of the Church of England Diocese of Winchester, and are the parish churches for this part of Bournemouth. As a flourishing Chris/an Community we pursue truth and build loving rela/onships. We passionately believe that the Chris/an Faith, expressed in the Bible, is as vital and relevant today as it ever was and ever will be. Together, we seek to grow in understanding and experience of God; explore who we can become in rela/onship with God; and live as a blessing to others and all of God’s world. In Bournemouth, and wherever we have opportunity, we seek to be a posi/ve, life-affirming influence; iden/fying needs in the community and either taking ini/a/ves ourselves to address them, or suppor/ng others who are be]er able to do so. Our passion is to serve others wherever we can and to welcome others who wish to join us, whether they are tenta/ve enquirers, or already commi]ed as Chris/ans sharing our vision. vi 2021 was again a limi/ng year for the ac/vi/es of the church, but wherever we could, we worked to live out our vision and to support and care for one another. ## **Vision** In 2021, due to the Strategic Development Funding offered to St Mike’s, we were in the privileged posi/on to be able to spend some /me growing dis/nct iden//es for each of our church congrega/ons. Building on the past and the many years of faithful worship and service, St John’s remained a tradi/onal congrega/on with li]le change except what was necessary due to Covid. St Mike’s has had the opportunity to start afresh, inten/onally building ministry to young families. **The new vision of St Mike’s is to be a beacon of light and hope in West Bournemouth** , evangelising and empowering our community’s younger genera/ons in mission, schools, and leadership. Our goal is to build a church for everyone with a passion to live out the adventure of faith in a way that is a]rac/ve and engaging for those in their 20s and 30s, the biggest age group represented in our local community. We choose to ac/vely create a place of welcome for those speaking the 55 different languages of our church primary school. We’re craming a vibrant ministry to children and families of all shapes and sizes to reach the unreached pockets of our community and to see lives transformed by Jesus. Underpinning this vision, we hold the values that we as a church will always seek to Love God, Live Authen/cally and Wholeheartedly and Demonstrate Hope in Words and Ac/on. ## **Strategic priori\es** As a church within the Diocese of Winchester, we view our ministry and mission within the framework of the Diocesan Strategic Priori/es. These are: Under God, deligh/ng in His grace and rooted in the Diocesan rule of life, we will be a Diocese in which: **1) We grow authen\c disciples** , going out as individuals passionately, confidently and courageously sharing their faith, and coming together as crea/ve church communi/es of prayer and worship that live out Kingdom values. **2) We re-imagine the Church** inten/onally connec/ng and engaging with our local communi/es in culturally relevant ways. We will rejoice in the richness of the “mixed economy” of all ministry and proac/vely promote vibrant parochial and breath-taking pioneering ministries amongst ‘missing’ genera/ons, e.g. children, young people, under 35s. **3) We are agents of social transforma\on** using our influence as a Diocese to transform public and personal life. We will demonstrate loving faith at work in local communi/es and across the globe bringing healing, restora/on and reconcilia/on, e.g. through educa/on, social enterprise, health care, spiritual care teams. **4) We belong together in Chris** t, prac/cing sacrificial living and good stewardship of all that God has entrusted to us. We will combine radical generosity, care and capacity building with a clear focus on direc/ng finance into the mission of Jesus. Sharing and mul/plying local good prac/ce, vii using people, buildings and other resources wisely, we will seek to boldly prune, plant and invest in building for the Kingdom. Although the Bishop of Winchester stood back from ministry in Summer 2021 and officially re/red in January 2022 we remain commi]ed to working alongside Diocesan and Deanery structures and seeing the local church bringing hope to our world. ## Building Resources St John with St Michael has two church buildings, each with their own joys and challenges. St John’s Church is in good condi/on and underwent li]le work during 2021. Some roof /les slipped but apart from the regular expenditure and a li]le wear and tear, the church was not in need of repair. At St Mike’s, however, much work was both necessary and completed. Firstly, we had the SDF works, which were designed to make the building as friendly and welcoming as possible. This included installing new carpet throughout the church and the parish centre, puong in new toilet facili/es, buying new chairs, installing new sound and visual equipment and lights, puong new flooring in the chapel and building a coffee bar for the main nave. These works were completed by a variety of contractors under the supervision of our architect, and have made a huge difference for everyday church life. Secondly, our back offices were suffering from huge amounts of damp, due to a variety of factors. One contribu/ng cause was a giant Buddliea growing out of one of the chimneys. This was removed and the Joyce Banks room was dried out, with the carpet removed and the damp floorboards replaced. The Vestry ceiling which had had a huge hole since May 2017 caused by a leaking roof was repaired. Slowly, this office area is becoming fit for purpose again. A third huge area of work was the tower at St Mike’s. Historically, water ingress and items stored at height had caused an interior collapse. On the upper level, the bell was being supported on a wooden frame which was slowly roong. Our architect proposed the installa/on of a new temporary to permanent interior roof under the bell so that no water can enter. The drainpipe was cleared of pigeon debris and renewed. Hoarding was placed around the scaffolding at the bo]om of the tower to create a safe entrance to the church through this door. This was an enormous effort which meant that the church tower has been stabilised for the future. Finally, when we turned the St Mike’s Hall hea/ng off in Spring 2021, the boiler gave up the ghost and we were informed that it could not be repaired. The Parish Centre boiler also had to be replaced and the church boiler repaired. It was an expensive year for boilers! The tower and boiler work took place with the help of a generous loan from the Diocese of Winchester which is currently being repaid. The Future viii Looking forwards, we are con/nuing with the mission God has trusted us with for the life of both our churches. In early 2022, the Quinquennial Inspec/on took place at St John’s. The PCC are s/ll awai/ng the report, but this will help to shape and hone what spending priori/es there will be there over the coming year(s). At St Mike’s we will con/nue to reach out to children and families and others a]racted by our vision to be a beacon of light and hope in our community. We have been asked to meet certain outcomes to jus/fy the financial spend on our church. We’ve been asked to build a thriving and sustainable church community, in par/cular focusing on the missing genera/on (though a]rac/ve for all). We will be building disciples, growing our work with children and families, raising up voca/ons, both ordained and to Diocesan courses such as the BCM and the BPP. We’re expected to fully meet our CMF and be financially above the water and further down the road to be able to bring life and resource elsewhere. We're longing to have an impact on our local community for the Gospel, seeing lives transformed by and for Jesus. Our heart is to create a church where people can belong and build deep rela/onships with one another and where everyone will find a welcome. St Mike’s is and will be a church where we priori/se community. We’re going to spend /me digging deeper in worship together. As people we want to be authen/c with one another and with God, bringing our whole selves to all that we do. We’re going to be living out our faith in words and ac/on, by caring passionately for those in need. Together, we’re hoping and praying that both churches will grow and thrive. ## Mission Partners In 2021 we supported 4 mission partners: Tearfund Interna/onal Care Network Teso Development Trust Faithworks Wessex This partnership involved financial support from our church mission giving - we allocate ten percent of our donated income each year to give to mission, money raised through events, but also partnership in prayer and support. A highlight of the year was again par/cipa/ng in the Tearfund Big Quiz of 2021 - many congratula/ons go to the winners (the first prize was a hotel stay and the second prize was vouchers for Chez Fred!) Our hope is to be able to support each other as we live out our purpose and calling, to support the work of each partner with volunteers and prayer, and to work together as Partners in the Gospel. Going forwards, we hope to strengthen these links and raise up champions for each organisa/on. ix ## **The Parochial Church Council of St John with St Michael** ## **Independent Examiner's Report to the Trustees of the Parochial Church Council of St John with St Michael** I report on the accounts of the charity for the year ended 31st December 2021 which are set out on pages 2 to 11 ## **Respective responsibilities of trustees and examiner** The Trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to: - Examine the accounts under section 145 of the 2011 Act: - To follow the procedures laid down in the general Directions given by the Charity Commission under - section 145(5)(b) of the 2011 Act; and - To state whether particular matters have come to my attention. ## **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 charity 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 members concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an 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 next statement. ## **Independent Examiner's Statement** In connection with my examination, no matter has come to my attention: - (1) which gives me reasonable cause to believe that in any material respect the requirements: - to keep accounting records in accordance with section 130 of the Charities Act 2011; and - to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act 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. ___________________ Sue Wintle Independent Examiner Association of Accounting Technicians Date ________________ 27 Bascott Road Bournemouth Dorset BH11 8RJ 1 ## **The Parochial Church Council** ## **of St John with St Michael** ## **Statement of Financial Activities For the year ended 31st December 2021** |**Income and Endowments from Note**
Donations and Legacies
**1**
Ministry
**2**
Lettings
**3**
Income from Charitable Activities
**4**
Investments
**5**
Other Income
**6**
**Total**
**7**
**Expenditure on**
Administration
**8**
Staff
**9**
Building and Venue
**10**
Major Works
**11**
Ministry
**12**
Mission Giving
**13**
Ministry Activities
**14**
Start Up Expenses
**15**
**Total**
**16**
**Fund Movement**
**Gain on Investment**
**Net Movement in Funds**
**Fund Transfers**
**Reconciliation of Funds**
Total funds brought forward
**Total funds carried forward**
**21**|**Unrestricted**
**£**
63,092
268
30,784
829
887
56,698
**152,558**
12,989
37,596
59,516
55,008
2,693
3,028
501
8,850
**180,181**
(27,623)
4,370
(23,253)
1
70,134
**46,882**|**Restricted**
**£**
18,125
-
-
-
-
-
**18,125**
-
-
1,381
15,150
-
-
-
-
**16,531**
1,594
-
1,594
(1)
2,084
**3,677**|**Designated**
**£**
-
-
-
-
-
-
**-**
-
-
-
-
-
-
-
-
**-**
-
-
-
-
9,426
**9,426**|**2021**
**Total**
**£**
**81,217**
**268**
**30,784**
**829**
**887**
**56,698**
**170,683**
**12,989**
**37,596**
**60,897**
**70,158**
**2,693**
**3,028**
**501**
**8,850**
**196,712**
**(26,029)**
4,370
**(21,659)**
**-**
**81,644**
**59,985**|**2020**
**Totals**
**£**
62,213
1,124
29,492
1,011
857
-| |---|---|---|---|---|---| ||||||94,697| ||||||3,102
25,166
41,893
-
1,149
3,200
654
-| ||||||75,164| ||||||19,533
1,564| ||||||21,097
-
60,547| ||||||81,644| 2 ## **The Parochial Church Council of St John with St Michael** ## **Balance Sheet As at 31st December 2021** |**Note**
**Fixed Assets**
Investments
**17**
**Current Assets**
Bank Account
Debtors & Prepayments
**18**
**Total Assets**
**Current Liabilities**
Creditors falling due within One Year
**19**
Creditors Falling due after One year
**20**
**Net Assets less Liabilities**
**Funds**
Restricted
Unrestricted
Designated
**Total Funds carried forward**
**21**|**Unrestricted**
**£**
34,916|**Restricted**
**£**
-|**Designated**
**£**
-|**2021**
**£**
**34,916**|**2020**
**£**
30,546| |---|---|---|---|---|---| ||56,297
14,308|3,677
-|9,426
-|**69,400**
**14,308**|35,151
3,248| ||70,605
**105,521**|3,677
**-**|9,426
**9,426**|**83,708**
**118,624**|38,399
**68,945**| ||(38,439)|**-**|-|**(38,439)**|(17,470)| ||(20,201)|**-**|-|**(20,201)**|(9,680)| ||**46,882**|**3,677**|**9,426**|**59,985**|41,796| ||-
46,882
-|3,677
-
-|-
-
9,426|**3,677**
**46,882**
**9,426**|2,084
70,134
9,426| ||**46,882**|**3,677**|**9,426**|**59,985**|81,644| Approved by the members of the Parochial Church Council on ____________________ and signed on their behalf by ____________________________ _____________________ **Trustee Trustee** 3 ## **The Parochial Church Council of St John with St Michael** ## **Notes to the Financial statements For the year ended 31st December 2021** ## **Statement of Compliance** The financial statements have been prepared in accordance with 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) - (Charities SORP (FRS 102), the Financial Standard applicable in the UK and Republic of Ireland (FRS 102), and the Charities Act 2011. ## **Basis of preparation** The Parochial Church Council of St John with St Michael meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. ## **Exemption from preparing a cash flow statement** The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in in these financial statements. ## **Going Concern** The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. ## **Income and Endowments** Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature and are recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability. ## **Donations and Legacies** Donations and legacies are recognised on a receivable basis when receipt is probable and the amounts can be reliably measured. ## **Investment Income** Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank. ## **Expenditure** All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with these of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated on the spread of staff costs. ## **Charitable Activities** Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activates and those costs of an indirect nature to support them. ## **Grant Provisions** Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable. **4** ## **The Parochial Church Council of St John with St Michael** ## **Notes to the Financial statements For the year ended 31st December 2021** ## **Governance Costs** These include the costs attributable to the charity's compliance with constitutional and statutory requirements, including audit, strategic management and trustee's meetings and reimbursed expenses. ## **Taxation** The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010, and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. ## **Fixed Asset Investments** Fixed asset investments, other than programme related investments, are included at market value at the balance sheet date. Realised gains and losses on investments are calculated at the difference between sales proceeds and their market value at the start of the year, or their subsequent cost, and are charged or credited to the Statement of Financial Activities in the period of disposal. Unrealised gains and losses represent the movement in market values during the year and are credited or charged to the Statement of Financial Activities based on the market value at the year end. ## **Cash and Cash Equivalents** Cash and cash equivalents comprise cash on hand and call deposits, and other short term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. ## **Borrowings** Borrowings in these accounts are interest free loans to the PCC ## **Fund Structure** Unrestricted income funds are general funds that are available for use at the trustee's discretion in furtherance of the objectives of the charity, Restricted income funds are those donation for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. **5** ## **The Parochial Church Council of St John with St Michael** ## **Report of the Trustees for the Year ended 31st December 2021** ## **FINANCIAL REVIEW** The Statement of Financial Activities on page 2 shows a deficit of £21,659 (surplus 2019 £21,097) and a total deficit of £26,029 (surplus 2020 £19,533) before investment gains or losses ## **Reserves Policy** It is the policy of this Church to hold in cash reserves the equivalent of three months general running costs. In understanding that the Bible clearly indicates that we should not hoard it is also clear that sensible planning is important. These reserves are held to cover any unexpected reduction in our income, especially from our hall lettings and also any major unforeseen costs outside our annual budget. 6 ## **The Parochial Church Council of St John with St Michael** ## **Statement of Financial Activities** ## **Analysis of Income & Expenditure for the year ended 31st December 2021** |**INCOME AND ENDOWMENTS FROM**
**Donations and Legacies**
Collections
Donations and Legacies
Gift Aid Tax
Grants
Planned Giving
Stewardship
SumUp
**1**
**Ministry**
Children and Youth work
Church Activities
Morning Hub
**2**
**Lettings**
Blue Line
Parish Centre
Sparrows Nest
St John's Church
St John's Hall
St Michael's Hall
Utility Recharge
**3**
**Income from Charitable Activities**
Fees
Fund Raising Concerts/Fetes
**4**
**Investments**
Dividends
**5**
**Other Income**
Furniture proceeds
SDF Reclaim
VAT Refunds
**6**
**Total Income and Endowments**
**7**|**Unrestricted**
**£**
71
2,881
6,720
23,042
29,194
1,019
165
**63,092 **
20
-
248
**268**
6,100
286
12,998
1,655
4,001
5,007
737
**30,784 **
668
161
**829**
**887 **
3,784
40,078
12,836
**56,698**
**152,558**|**Restricted**
**£**
-
2,650
325
15,150
-
-
-
**18,125**
-
-
-
**-**
-
-
-
-
-
-
-
-
-
**-**
**-**
-
-
**-**
**18,125**|**2021**
**£**
**71**
**5,531**
**7,045**
**38,192**
**29,194**
**1,019**
**165 **|**2020**
**£**
1,218
4,532
6,711
18,750
30,880
122
-| |---|---|---|---|---| ||||**81,217**|**62,213**| ||||**20**
**-**
**248**|658
466
-| ||||**268**|**1,124**| ||||**6,100**
**286**
**12,998**
**1,655**
**4,001**
**5,007**
**737 **|-
739
-
6,068
16,844
5,841
-| ||||**30,784 **|**29,492 **| ||||**668**
**161 **|707
304| ||||**829**|**1,011**| ||||**887 **|**857**| ||||**3,784**
**40,078**
**12,836**|-
-
-| ||||**56,698**|-| ||||**170,683**|**94,697 **| 7 ## **The Parochial Church Council of St John with St Michael** ## **Statement of Financial Activities Analysis of Income & Expenditure for the year ended 31st December 2021** |**Charitable Activity Costs**
**Administration**
Accountancy
Bank Charges
Bookkeeping
IT
Leasing Office Equipment
Licences
Marketing & Publicity
Media Comms
Office Equipment
Office & Sundry Expenses
Photocopying
Postage
Publicity
Stationery
Subscriptions
Telephone
**8**
**Staff**
Clergy Expenses
Pension
Salaries
Staff Welfare
**9**
**Building and Venue**
Cleaning
Electricity & Gas
Insurance St John's
Insurance St John's Hall
Insurance St Michael's
Notice Boards
Refuse
Maintenance & Facilities St John's Church
Maintenance & Facilities St John's Hall
Maintenance & Facilities St Michael's Church
Maintenance & Facilities St Michael's Hall
Maintenance & Facilities to Parish
Water
**10**
**Major Works**
**11**|**Unrestricted**
**£**
255
139
912
364
641
166
6,826
191
-
1,755
168
13
28
-
475
1,056
**12,989**
50
886
36,382
278
**37,596**
76
19,166
4,285
803
6,122
-
901
385
969
19,125
3,697
3,308
679
**59,516**
**55,008**|**Restricted**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
**-**
-
-
-
-
**-**
-
-
-
-
-
-
-
-
-
-
1,381
-
-
**1,381 **
**15,150**|**2021**
**£**
**255**
**139**
**912**
**364**
**641**
**166**
**6,826**
**191**
**-**
**1,755**
**168**
**13**
**28**
**-**
**475**
**1,056**|**2020**
**£**
250
176
-
-
641
-
-
-
28
672
428
27
60
164
-
656| |---|---|---|---|---| ||||**12,989**|3,102| ||||**50**
**886**
**36,382**
**278**|568
1,806
22,792
-| ||||**37,596**|25,166| ||||**76**
**19,166**
**4,285**
**803**
**6,122**
**-**
**901**
**385**
**969**
**19,125**
**5,078**
**3,308**
**679**|-
7,741
4,678
4,205
3,265
51
-
1,573
7,531
4,390
8,376
83
-| ||||**60,897 **|41,893| ||||**70,158**|-| 8 ## **The Parochial Church Council** ## **of St John with St Michael** ## **Statement of Financial Activities** ## **Analysis of Income & Expenditure for the year ended 31st December 2021** |**Charitable Activity Costs Continued**
**Ministry**
Catering
Christmas
Gifts
Hospitality
Social Expenses
Special Events
Worship and Services
**12**
**Mission Giving**
Faithworks
ICN Mission
Tesco Development Fund
Tear Fund
**13**
**Ministry Activities**
Children
Messy Church
Morning Hub
Outreach Children
Parenting
Wedding
Youth
**14**
**Start Up Expenses**
**15**
**Total Charitable Activities**
**16**|**Unrestricted**
**£**
64
168
275
725
34
1,222
205
**2,693**
757
757
757
757
**3,028**
260
139
87
5
10
**-**
**501 **
**8,850**
**180,181 **|**Restricted**
**£**
**-**
**-**
**-**
-
**-**
-
-
-
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**16,531 **|**2021**
**£**
**64**
**168**
**275**
**725**
**34**
**1,222**
**205 **|**2020**
£
-
-
-
-
-
-
1,149| |---|---|---|---|---| ||||**2,693**|1,149| ||||**757**
**757**
**757**
**757**|800
800
800
800| ||||**3,028**|3,200| ||||**260**
**-**
**139**
**87**
**5**
**10**
**-**|326
64
-
-
-
-
264| ||||**501 **|654| ||||**8,850**|-| ||||**196,712**|**75,164 **| 9 ## **The Parochial Church Council of St John with St Michael** ## **Balance Sheet Notes As at 31st December 2021** |**Note**
**17**
**Fixed Asset Investment**
Valuation 01.01.2021
Revaluation
**Valuation 31.12.2021**
**18**
**Debtors**
Blue Line
CNG Gas
Funeral Fee
Gift Aid Tax
Hall Rents
Late Banking
Lease Share
Prepayment
VAT Claim
**19**
**Creditors : amounts falling due within one year**
Accruals
Diocese Fee
Diocese Loan
Faithworks
Fee Control
Key Deposits
Loan
**20**
**Creditors : amounts falling due after one year**
DioceseLoan|**2021**
**£**
30,546
4,370
**34,916**
737
827
229
346
2,090
1877
-
341
7,861
**14,308**
8,503
277
19,799
-
150
110
9,600
**38,439**
**20,201**|**2020**
**£**
28,982
1,564| |---|---|---| |||30,546| |||583
-
-
-
2,155
-
510
-
-| |||2,665| |||5,954
236
-
370
-
110
10,800| |||17,470| |||9,680| 10 - ## **The Parochial Church Council of St John with St Michael** ## **Balance Sheet Notes** ## **As at 31st December 2021** |**21**|**Funds**|**Fund**|**Resources**|**Resources**||**Gain on**||**Fund**| |---|---|---|---|---|---|---|---|---| |||**Balances**|**Incoming**|**Outgoing**|**Transfers**|**Investment**||**Balances**| |||**01.01.2021**||||||**31.12.2021**| ||**Restricted Funds**|||||||| ||St John's Maintenance|-|2975|-|-|-||2,975| ||St John's Play Area|29|-|-|-|-||29| ||Boiler|1|-|-|(1)|-||-| ||Project|1,381|-|(1,381)|-|-||-| ||Tower|-|15,150|(15,150)|-|-||-| ||St Michael's Re-decoration|673|-|-|-|-||673| |||**2,084**|**18,125**|**(16,531)**|**(1)**|**-**||**3,677**| ||**Designated**|||||||| ||Capital Funds|6,640|-|-|-|-||6,640| ||St John's Lights|2,693|-|-|-|-||2,693| ||St John's Notice Board|93|-|-|-|-||93| |||**9,426**||**-**||**-**||**9,426**| ||**General Funds**|**70,134**|152,558|(180,181)|1|4,370||**46,882**| ||**Total Funds**|**81,644**|**170,683**|(196,712)|-|**4,370**||**59,985**| ||**Independent Examiners Renumeration**|||||**2,021**||**2020**| |||||||£||£| ||Independent Examiner Fee|||||**255**|#|250| ## **Trustee remuneration and expenses** No trustee, nor any persons connected with them, have received any renumeration from the charity during the year. No trustees have received any reimbursement expenses or any other benefits from the charity during the year. |**Staff Costs**
Salaries
Employers Pension contributions
Average monthly number of staff|**2,021**
£
**36,382**
**886**
**37,268**
**3**|**2020**
£
22,792
568| |---|---|---| |||23,360| |||2| There were no staff who received total employee benefits of over £60,000 ## **Commitments** There were no charitable commitments as at 31st December 2021 ## **Taxation** The Charity is a registered charity and therefore exempt from taxation 11 -