## **Annual Report and Financial Statements of the Parochial Church Council of The Parish of Albrighton** **For the year ended 31[st] December 2021 Registered Charity Number: 1164192** _Page 1_ ## **The Parochial Church Council of The Parish of Albrighton** **Trustees’ Annual Report for the year ended 31[st] December 2021** ## **Charity registration number 1164192** ## **Objectives and Activities** The Parochial Church Council of The Parish of Albrighton (the PCC) has the responsibility of co-operating with the incumbent, the Reverend Mary Thomas, in promoting in the ecclesiastical parish, the whole mission of the Church, pastoral, evangelical, social and ecumenical. The PCC is also spiritually responsible for the maintenance of the church The PCC is committed to enabling as many people as possible to worship at our church and to become part of our parish community at Albrighton. The PCC maintains an overview of worship throughout the parish and makes suggestions on how our services can involve the many groups that live within our parish. Our services and worship put faith into practice through prayer, scripture, music and sacrament. Also, through non sacramental activities of hospitality and fellowship we aim to reach non churched members of the community. ## **Public Benefit** The trustees of the Charity are aware of the Charity Commission’s guidance on public benefit in The Advancement of Religion for the Public Benefit and have had regard to it in their administration of the Charity. The trustees believe that, by promoting the work of the Church of England in the Ecclesiastical Parish of Albrighton, it helps to promote the whole mission of the Church (pastoral, evangelistic, social and ecumenical) more effectively, within the Ecclesiastical Parish, and that in doing so it provides a benefit to the public by: • Providing facilities for public worship, pastoral care and spiritual, moral and intellectual development, both for its members and for anyone who wishes to benefit from what the Church offers; and • Promoting Christian values and service by members of the Church in and to their communities, to the benefit of individuals and society as a whole. ## **Achievements and Performance** 2021, like 2020, was an unusual and challenging year in the life of St. Mary Magdalene, Albrighton. The PCC met on 4 occasions during 2021, March, June, September & October. The meeting scheduled for December was cancelled due to concerns around transmission of the Omicron variant. Business included: - Ongoing work in the churchyard, professional advice sought as to the two large fir trees which are in a poor condition. - The completion of the programme of replacing lights in church with low energy LED units as we progress towards meeting carbon net zero targets. - The quote to improve the church sound system and install an AV system, including a camera to enable streaming services, was accepted and a faculty application was put before the DAC. We are hopeful that this will be progressed and completed in 2022. _Page 2_ - Our parish share was paid in full and financial help was offered to St. Chad, Boningale to enable them to pay their parish share in full also. - The installation of a new noticeboard on the external vestry wall to enable dissemination of information re churchyard regulations and upcoming events/services in the parish and wider benefice. - Maintenance work on the bells. - The reintroduction of a midweek eucharist in the chancel at St. Mary Magdalene which has been very well received and restarting refreshments in the church centre following Sunday worship. - Setting up a working party to explore possibilities regarding benches in the Area for the Burial of Cremated Remains. The introduction of a £40 verger fee for baptisms. - Considering the possibility of a new area of Men’s Ministry within the benefice. - Participation in the Diocese of Lichfield’s, ‘Shaping for Mission’ process and discussion of relevant documents. - Committing to being a part of ministry to families and young people with our sister churches in the benefice, as the pandemic eases. As we move into 2022, we’re looking to build on the good relationships we have with each other, the wider benefice and the community as a whole as we seek to live out the Gospel, bringing light to dark places and proclaiming Christ’s love in all we do, and say. This will be shaped and informed by a new Mission Action Plan as we review our activities in light of issues caused by the global Covid19 pandemic. It remains my privilege to serve as Vicar in this place and I will continue to be thankful for the people amongst whom I minister and for whom I pray regularly. Mary Thomas. ## **Fundraising activities against objectives set** During 2021 all fundraising events were postponed or cancelled due to the Covid19 pandemic. ## **Worship and Prayer** Worship at St. Mary’s is delivered through a range of different liturgical and ecclesiological styles; Common Worship Parish Eucharist, Morning Praise, Songs of Praise and Informal Iona style Communion. Messy Church has been paused due to the ongoing coronavirus pandemic. We were able to maintain our online presence during the first half of the year through pre-recorded services that could be edited and the uploaded to our church website, www.albrightonparishchurch.org.uk, our Facebook page (as a premiere) @stmarysalbrighton and our A Church Near You page. The service was also shared in our United Benefice WhatsApp group and on our new Dial-a-Service telephone line – enabling as much access as possible. To encourage spiritual engagement whilst we were unable to gather in person, everyone on the electoral roll or who attended church was provided (by email or post) with a Worship at Home booklet containing a short service of Morning Prayer for use during the week and readings for Sunday worship. Three booklets were produced in 2021. The frequency of booklets is something we are considering as we move will continue as we move into 2022. _Page 3_ We celebrated the ordination of Revd. Jess to the priesthood in June and in September we celebrated once again with a lunch in the church centre as part of our Harvest Festival celebrations. Our Carol Service was cancelled due to concerns about the Omicron variant – last year’s online service was made available in its place. Thank you to Gerald and all those involved in the choir and The Black Diamonds music group for their dedication in sharing their gifts and talents to enhance our worship. We are also blessed to have a merry band of bellringers who give of their time to call people to worship on Sundays and to bless couples as they marry,or toll the bell for those who have died. Unfortunately, the pandemic had a continued impact on our Annual Services all of which were different, some of which were cancelled. We were able to hold an Annual Memorial Service, which was well attended, but Christingle Services and Crib Service were unable to take place. Remembrance Sunday was a huge affair this year and it was a privilege to be part of such a key moment in the community. Christmas Eve we had a Midnight Mass service which was reasonably well attended, but Christmas Day’s 10.30am Eucharist was very poorly attended, possibly due to concerns about the omicron variant. It may be that we will need to look at our provision for Christmas services moving forward. ## **Baptism, Wedding & Funeral Policies** Baptisms are offered on the 1[st] and 3[rd] Saturdays of the month, with parents being encouraged to attend church, particularly Messy Church, and to become a part of our community should they wish to. Baptisms of church members are offered as part of Sunday morning worship where appropriate. All who live within the parish are welcome to get married in St. Mary Magdalene. Those who do not live within the ecclesiastical parish must meet the criteria for a qualifying connection subject to weddings being allowed under Covid19 restrictions. All who live or die in the parish are entitled to a funeral service and burial/interment of ashes. ## **Mission activities through community events** There have been few opportunities for this due to the covid pandemic but we have continued with pastoral care and the provision of an online presence where possible. ## **Reports** ## **Church Fabric Report 2021** Once again, a year with many restrictions effecting how we managed our worship however we continued to address issues relating to the church fabric. ## **The Gladys Lloyd Room** Due to obvious reasons the work on the Gladys Lloyd room (Fixtures & Fittings) was unable to be completed. If Covid restrictions change, it is hoped that the project team can once again get together to look at completing the work. ## **Church Lighting** Having completed the conversion of the old halogen lighting to new LED units in church we continued our carbon footprint reduction policy by changing the exterior floodlighting to LED units. For information we have continued this change over by starting to convert the church centre lighting to LED units. ## **Church Security Cameras** The cameras are now up and running and have produced some useful images. Due to issues in the church centre the PCC voted unanimously to install a CCTV system in the Parish Office which is now operational. ## **Quinquennial Inspection** _Page 4_ The Quinquennial inspection was carried out in July by our architect Sarah Butler. In December I received a 96-page comprehensive report document detailing areas where we need to address maintenance and general repairs. The work has been identified by ratings 1,2,3 where 1 is the most urgent. This will be addressed in the new year. Once again, many thanks to Paul and Ray for their continuing support on the “odd jobs” and churchyard maintenance, it is much appreciated. ## **Chris Cherrington Churchwarden** ## **Churches Together in Albrighton** Week of prayer for Christian Unity, Lent Lunches were not held because of Covid rules, and to keep people safe. Lent study groups were left to the individual churches. Gill Miller of the Methodist church has taken on the role of chair. Christian Aid Week **w** as advertised on the local face book groups and people were asked to contribute directly to Christian Aid. An event was held at the local Methodist Church on Saturday providing a display, music and opportunities to make a donation and all the local churches had envelopes for donations, which raised £647.00, also the Reverend Mary Thomas was sponsored to do 300,000 steps. For this she received a wonderful amount of £77.50 (plus Gift Aid) via Facebook Fundraiser plus £775 through the Just-Giving platform which went straight to Christian Aid. An advent service was held at St. Joseph’s RC Church which was well received. Once again Christmas cards were distributed to all properties in the benefice parishes of Albrighton, Donington and Boningale. The front cover designs of the cards were created by the local St. Mary’s C of E Primary School, and designs were also used for the Parish magazine. ## **Deanery Synod** Late in 2020 the introduction to the Shaping for mission Initiative was introduced, where instead of each Parish going its own way in planning for mission the Deanery would plan for mission as a combined unit enabling the sharing of resources. A team was set up to develop the initiative. During 2021 much of the work of the Deanery Synod has focused on Shaping for mission and consultation meetings were held in Newport, Shifnal and Albrighton and the views were compiled by the team. The Synod met in November and a presentation made of the progress on Shaping for Mission, covering the Deanery as it stands, the findings of questionnaires and views expressed at the open meetings and the concerns of the team. The vision for the next 7 years would need to focus on growing faith and sharing faith. The deanery would work in two clusters. Being part of a local faith community and growing together, creating partnerships sharing core parts of church life, reducing administration, (which when centralised over several churches becomes more efficient and less costly). Adopting a corporate approach to worship and joining in neighbouring church activities. The plan will be compiled over next 18 months. ## **Pastoral Visiting** The main focus is the care of the bereaved in the benefice. The team meet monthly and those recently bereaved are allocated to team members, who contact the bereaved a few weeks after the funeral. Generally there is no requirement for further contact, but the call is appreciated, and where required visits can be arranged to help people with their journey through grief. Home Communions have been taken out when requested but these have been limited. Due to Covid no communion services were possible in the Cedars or Rectory Care Home, but three Songs of Praise Services were held in September, October and November. _Page 5_ The care homes went into lockdown before Christmas so a carol service prepared, and CD’s and hymn books made available for the Care Home staff to lead a carol service. This was very much appreciated by the staff and residents at the Homes. ## **Bill Sharples** ## **Reader Benefice of Albrighton, Boningale and Donington** ## **Mission and Evangelism** We were able to continue with some online services but, as churches re-opened for onsite worship, the pressure of work became too much. We are hoping to be able to stream services moving into 2022 once the faculty has been approved for the installation of the equipment required. As the pandemic eases we will also be looking to rebuild our ministry to young families and children through a new playgroup, Messy Church and a Lego Master Builder Club. ## **Youth Work** Youth Work is also delivered through the local primary schools. Clergy or our Youth Worker deliver weekly assemblies at St. Mary’s Primary (C of E) and Albrighton Primary (County) which is enabling us to build relationships across the community and to deliver the gospel in interactive and exciting ways. Some assemblies have been offered as an online video which the schools can access with the link being shared with parents and children who are home-schooling. ## **Church Hall** Bookings have suffered this year due to the pandemic but are slowly starting to pick up. ## **The Foodbank** Since the introduction of Covid -19 restrictions the Albrighton Foodbank has closed it's doors and moved to a deliver or pick-up service only. Food boxes are prepared and are ready when needed. Those in need of assistance can contact St Mary's church centre during office hours or Revd Jess Harper or the Albrighton Community Support Scheme which run a 7 day a week phone line service. The Foodbank is advertised on two Albrighton community Facebook pages, the Albrighton United Benefice Web Site as well as notices that are placed around the village. Take up for the service is slowly growing, on average we are seeing approx 10 – 12 boxes being distributed each week. Albrighton Foodbank has also connected with the Shropshire Food Poverty Alliance as well as the Midcounties Coop Group. These two connections have provided access to not only stock but financial support as well. Although the Foodbank is very well supported by our local community. _Page 6_ ## **Financial Review** ## Income:- £193,047 Expenditure:- £125,374 Excess: £67,672 – Unrestricted Excess: £71,063 Restricted Deficit (£3,380) ## Total Assets: £604,852 St Mary’s seem to have bounced back in 2021 with total income increasing by £81,000. Expenditure has also increased but only by £6,715 The main increases in income are the Gift aid collections increasing from £41,283 in 2020 to £86,453 which is very encouraging. Along with this we have received a legacy of £48,000. We have seen fees for weddings and funerals increase along with donations. However we have seen a reduction in tax recoverable but this would have been reflective of 2020 gift aided donations. The restricted deficit is the work carried out on the Church yard. We received two grants in 2021 £1,000 from Haberdasher for the General funds and one from Albrighton Parish Council £1,500 for the Churchyard. In addition to these grants we were in receipt of £1,528.80 furlough grants. The administrators are now back to normal hours and Furlough has ended. We have seen a slight increase in the utilities which may prove to be very slight when we look at 2022 figures but that remains to be seen. All Churches received Parish share support of one month’s parish share. This is shown in the accounts as a donation and then a payment to Parish share Nothing else really jumps out St Mary’s as always remains in a good position. Budgets have been applied again for 2022 so that a close eye can be kept on expenditure. Another good year for St Mary’s ## **Reserves Policy** It is PCC policy to try to maintain a balance on free reserves (net current assets) which equates to at least three months unrestricted payments. This is equivalent to £31,343. It is held to smooth out fluctuations in cash flow and to meet emergencies. The balance of the free reserves at the year-end was £284,677 which is significantly higher than this target. St Mary’s have chosen to show reserves in a designated fund. The balance of this fund is £40,000 which again is higher than the target. ## **Investment Policy** The charity is granted power to invest in suitable investments under the PCC Powers Measure 1956 and the Trustees Act 2000. As a charity, the Trustees have a duty of care to take such advice as is appropriate before investments are undertaken. This advice is sought from the Central Board of Finance (CCLA) in London. The charity’s investment policies are based on two key principles: - - Ethical Investment – this includes ensuring that investments are held in companies which have high standards of corporate governance and act in a responsible way towards stakeholders. - Long-term responsibilities – the trustees are aware of their long-term responsibilities in respect of the Restricted and Unrestricted reserves and as a result follow a prudent approach to investment decisions. Investment policy for long-term funds is aimed primarily at generating a sustainable income, with due regard to the need for the preservation of capital value, and the possible need to realise investments to meet operational needs. The charity does not have a policy of generating income at excessive or high risk – known as “purchasing income”, where high returns are guaranteed at the expense of capital. In summary, the charity has an overall policy to maximise income while preserving the real value of its funds. Due to the nature of the charity, an ethical investment policy is taken into consideration when investments are made: - The charity follows the Ethical Investment Advisory policy as recommended by the Lichfield Diocese which includes the following: “We aim to invest in companies that: - will develop their business in the interests of shareholders; - demonstrate responsible employment practices; - are conscientious concerning issues of corporate governance, the environment and human rights; - are sensitive to the community in which they operate.” Planned giving, collections and donations are the main sources of fund raising along with tax recoverable. _Page 7_ ## **Safeguarding** The PCC believe they have fulfilled their duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 (duty to have due regard to House of Bishops’ guidance on safeguarding children and vulnerable adults). ## **Reporting Serious Incidents** A Serious Incident is an adverse event, whether actual or alleged, which results in or risks significant harm to the charity’s beneficiaries, employees, office holders, volunteers or to others who come into contact with the charity through its work, loss of the charity’s money or assets, damage to the charity’s property or harm to the charity’s work or reputation. The trustees are not aware of any Serious Incidents in the last year ## **Fundraising** The PCC takes it fundraising responsibilities seriously and is very grateful to all donors – whether regular or occasional – for their support of the church and church events. PCC supporters are never taken for granted. The PCC take full responsibility for fundraising and do not use commercial organisations or professional fundraisers. All money raised is either by donations, fundraising events, special appeals or legacies for which the PCC are most grateful. ## **Volunteers** The members of the PCC would like to thank all the volunteers who work so hard to make our Church a lively and vibrant community. ## **Risk Management** The Church Wardens carry out regular Health and Safety Reviews and regularly inspect premises for potential hazards. We have safeguarding policies in place for child protection and for work with vulnerable adults, including rigorous DBS checking of staff and volunteers. Our insurances are reviewed annually to ensure adequate cover. An informal review of any new risks which may impact the work of the Church in the Parish is ongoing. ## **Structure, Governance and Management** The PCC is a Body Corporate established by the Church of England and is a Charity registered with the Charity Commission. The PCC is governed by the Parochial Church Council Powers Measure (1956) as amended that came into effect on 2[nd] January 1957, and the Church Representation Rules (contained in Schedule 3 to the Synodical Government Measure 1969 as amended). The method of appointment of the PCC members is set out in the Church Representation Rules. The Council comprises the Incumbent, the Churchwardens, a representative of the Readers, those elected to the Deanery Synod, and other members who are elected at the Annual Parochial Church Meeting, by those on the Electoral Roll. The PCC members receive training from courses run by the Diocese. Members of the congregation are always urged to join the Electoral Roll, and to stand for election to the PCC. The PCC members are responsible for making decisions on all matters of general concern and importance in the parish, and for all financial matters. The PCC met 4 times in 2021. ## **Related Parties** Andrea Tyerman is employed as Parish Administrator and PA to Revd Mary Thomas and continues as a Trustee of the PCC. This has been discussed by the PCC without Andrea present and the PCC agreed unanimously that they wanted Andrea to continue in both roles. No other Trustee or their family are employed or offered contracts to carry out work for the PCC. ## **Donations from Related Parties** Donations from related parties during the year totalled £75,259.94. All these donations were received without conditions. One donor donated 94% of the total but has done this on a consistent basis over many years. _Page 8_ ## **Remuneration paid to Trustees** One or more of the trustees has been paid remuneration or has received other benefits from an employment with their charity. Andrea Tyerman is employed as the Incumbents personal assistant and is also The Church Warden. The PCC discussed the reason for employing and her continuing as a Trustee without Andrea being present. They decided that because of her years of experience working as the Administrator [prior to being registered with Charity Commission] and her years of attending St Mary’s Church they wanted her to continue in both roles. The remuneration is £7,800 per annum – there are no pension payments and Andrea does not receive any other benefits. ## **Expenses paid to Trustees** Three trustees were reimbursed £660 for travel to officiate Funerals during the year. _Page 9_ ## **Reference and Administrative Details** **Charity Name:** The Parochial Church Council of The Parish of Albrighton **Other names the charity is known by:** N/A **Registered Charity Number** : 1164192 **Charity’s principal address:** Vicarage Fields Albrighton Wolverhampton WV7 3EQ **Correspondence address:** St Mary’s Church Centre Vicarage Fields Albrighton Wolverhampton WV7 3EQ **Website address:** https://www.albrightonparishchurch.org.uk **PCC Members: Who Served from 1 January 2021 to the date this report was approved** |**PCC Members: Who Served from 1**|**January 2021 to the date this report was approved**|| |---|---|---| |**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**period**| |**Ex-Officio**||| |The Rev’d Mary Thomas|Chair|| |The Rev’d Jess Harper|Curate|July 2021| |Andrea Tyerman|Churchwarden/Vice Chair/Deanery Synod Rep|| |Chris Cherrington|Churchwarden|| |Lydia Radigan|Secretary|| |William Sharples|Deanery Synod Rep|| |**Elected Members**||| |Pam Slater|Deputy Churchwarden|| |Howard Siswick|Deputy Churchwarden|| |Gerald Leach||| |Paul Jones||| |Denise Cherrington|Gift Aid Secretary|| |Sue Aston||| |Josephine Fisher||| |Tim Bradshaw||| |Ray Austin||| |Mandy Murphy||| |Mary Hancox||Co-opted October 2021| |Timothy Mear||| |Ray Austin||| _Page 10_ **Bank** TSB Bank PLC High Street Albrighton Wolverhampton WV7 3JE **Investment** CCLA **Managers** Senator House 85 Queen Victoria Street London EC4V 4ET **Independent** Jonathan Hill **Examiner** Lichfield Diocesan Board of Finance St Marys House, The Close, Lichfield. WS13 7LD Approved by the PCC on 04/04/2022 and signed on its behalf by: Mary Thomas L Radigan Revd Mary Thomas Lydia Radigan _Page 11_ **Independent Examiner’s report to the trustees/members of The PCC of The Parish of Albrighton** Registered charity number, if applicable: 1164192 I report on the accounts for the year ended 31[st] December 2021 which are set out on the following pages. ## **Respective responsibilities of the Trustees and Independent Examiner** The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under Section 144 of the Charities Act 2011 (the Charities Act) and that an independen t examination is needed. It is my responsibility - to examine the accounts under section 145 of the Charities Act, - to follow the procedures laid down in the General Directions given by the Charity Commission - (under section 145(5)(b) of the Charities Act, and - to state whether particular matters have come to my attention. ## **Basis of Independent Examiner's Statement** 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 the trustees 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 statement below. ## **Independent Examiner's Statement** In connection with my examination, no material matters have come to my attention which gives me cause to believe that in any material respect: - accounting records were not kept in accordance with section 130 of the Charities Act or - the accounts do not accord with the with the accounting records I have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Signed: ………………………………………….. Date: …29/09/2022……………………………… Jonathan Hill FCMA CGMA Lichfield Diocesan Board of Finance St Mary’s House, The Close, Lichfield WS13 7L _Page 12_ ## **The Parish of Albrighton Notes to the Financial Statements** For the year ended 31[st] December 2021 ## **Accounting Policies** The Financial statements of the PCC have been prepared in accordance with the Church Accounting Regulations 2006 using the Receipts and Payments basis. There may be minor discrepancies in the totals as the pence are not being shown. The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in 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. ## **Cashflow Statement** The Charity has taken advantage of the exemption in FRS102 from the requirement to produce a cashflow statement on the grounds that the income does not exceed £500,000. ## **Going Concern** There are no material uncertainties that relate to events or conditions that cast significant doubt on the charity’s ability to continue as a going concern. ## **Post year end event** The ongoing worldwide outbreak of the COVID-19 virus still represents a significant event since the end of the financial year. However, COVID-19 is considered to be a non-adjusting post year end event and therefore has not been taken into account in preparing these Financial Statements as at 31 December 2021. ## **Accounting Estimates and Prior Year Errors** No changes to accounting estimates have occurred in the reporting period. No material prior year errors have been identified in the reporting period ## **Description of Funds** **Unrestricted funds** are income funds of the PCC that are available for spending on the general purposes of the PCC, including amounts designated by the PCC for fixed assets for its own use or for spending on a future project and which are therefore not included in its "free reserves" as disclosed in the trustees' annual report. An explanation of purpose of each Designated fund are as follows: - Baptism/Weddings Sundries – Funds set aside to purchase sundries for Baptism and Wedding services - Bells – Funds set aside for the maintenance of the Bells - Charity – Funds set aside for donations to other Charities - Choir – Funds set aside for Choir expenses - Clock – Funds set aside for the maintenance of the Clock - Emergency fund – Funds set aside for emergencies. To be used at the Vicars discretion - Entertain – Funds set aside for purchasing sundries when entertaining _Page 13_ - Hall – Fund used to record of the income and expenditure of the Church Centre - Hall Maint – Funds set aside for the maintenance of the Church Centre - Magazine – Fund to record the income and expenditure of the Magazine - Maintain – Funds set aside for Church maintenance - Organ – Funds set aside for the upkeep of the Organ - Organ Chamber – Funds set aside for the planned work on the Organ Chamber - PPNZC – Partical Path to Nett Zero Carbon – Funds set aside to further reducing the Church’s carbon footprint - Quinqen – Funds set aside for any Quinquennial inspection works - Services – Funds set aside for Vestry Wine/Wafers/Candles - Sound - Funds set aside for the upgrade of the Sound system - SSchool – Funds set aside for Sunday School - Stationery – Funds set aside for Stationery - • Training – Funds set aside for Ministry Training **Restricted funds** comprise of two elements :- - a) income from trusts or endowments which may be expended only on those restricted objects provided in the terms of the trust or bequest - b) donations or grants received for a specific object or invited by the PCC for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of each year must be carried forward as a balance on that fund. The PCC does not usually invest separately for each fund. Where there is no separate investment, interest is apportioned to individual funds on an average balance basis. An explanation of purpose of each Restricted fund are as follows: - Foodbank Grant – Grant from Shropshire Food Poverty Alliance to increase the storage capacity of the foodbank - Decoration – These are the funds specifically for the decoration of the Vicarage and held with the Diocese. - Messy Church – Specific income and expenditure for Messy Church - Yard – Specific donations and grants for the Church yard **Endowment funds** are restricted funds that must be retained as trust capital either permanently or subject to a discretionary power to spend capital as income, and where the use of any income or other benefit derived from the capital may be restricted or unrestricted. Full details of all their restrictions are shown in the notes to the accounts. An explanation of purpose of each Endowment fund are as follows: The Parish of Albrighton does not have any Endowments. ## **Incoming Resources** Planned giving, collections and donations are recognised when received or when the PCC becomes entitled to the resource and the monetary value can be measured with sufficient reliability. Tax refunds are recognised when the incoming resource to which they relate is received. Grants and Legacies are accounted for when the PCC is legally entitled to the amounts due and the monetary value can be measured with sufficient reliability. Dividends are accounted for when receivable, interest is accrued. All other income is recognised when it is receivable. All incoming resources are accounted for gross. ## **Resources Expended** Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding or constructive obligation on the PCC. The diocesan parish share is accounted for when due. Amounts received specifically for mission are dealt with as restricted funds. All other expenditure is generally recognised when it is incurred and is accounted for gross. ## **Governance and Support Costs** _Page 14_ Support costs should be allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the PCC and its compliance with regulation and good practice. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources eg by allocating staff costs by time spent and other costs by their usage. ## **Fixed Assets** Consecrated and benefice property is not included in the accounts by s.10(2)(a)&(C) of the Charities Act 2011. Moveable church furnishings held by the Vicar and Churchwardens on special trust for the PCC and which require a faculty for disposal are inalienable property, listed in the Church’s inventory, which can be inspected (at any reasonable time). For anything acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the financial statements. No depreciation is provided on buildings as the currently estimated residual value of the properties is not less than their carrying value and the remaining useful life of these assets exceeds 50 years, so that any depreciation charges would be immaterial. Other tangible fixed assets are valued at cost. The depreciation rates and methods used are disclosed in note XX. ## **Investments** Investments in quoted shares, traded bonds and similar investments are valued initially at cost and subsequently at market value at the year end. Investments held for re-sale are treated as current asset investments. ## **Debtors** Debtors are measured on initial recognition at settlement amount. Subsequently they are measured as cash expected to be received ## **Creditors and Accruals** Creditors are measured at settlement amounts less any trade discounts. Accruals are measured on best estimate of the amount required to settle the obligation at the reporting date. _Page 15_ ## **Parish of Albrighton year ended 2021** ## **Statement of Receipts and Payments 2021** |**Receipts and endowments from:**
Donations and legacies
Receipts from charitable activities
Other trading activities
Investments
**Total receipts**
**Payments on:**
Raising funds
Payments for charitable activities
Other payments
**Total payments**
**Net receipts / (payments) resources before transfer**
**Transfers**
Gross transfers between funds - in
Gross transfers between funds - out
**Other recognised gains / losses**
Gains / losses on investment assets
Gains on revaluation, fixed assets, charity's own use
**Net movement in funds**
**Total funds brought forward**
**Total funds carried forward**|169,399
1,500
—
170,899
84,794
11,225
—
—
11,225
8,314
6,738
—
—
6,738
17,141
4,184
—
—
4,184
1,561| |---|---| ||**191,547**
**1,500**
**—**
**193,047**
**111,811**
364
—
—
364
284
105,732
4,880
—
110,613
104,614
14,396
—
—
14,396
13,759| ||**120,493**
**4,880**
**—**
**125,374**
**118,659**| ||**71,053**
**(3,380)**
**—**
**67,672**
**(6,847)**
13,676
750
—
14,426
98,655
(13,477)
(948)
—
(14,426)
(98,655)
97,075
—
—
97,075
—
8,190
(197)
—
7,993
8,782| ||**176,477**
**(3,776)**
**—**
**172,741**
**1,934**| ||**430,550**
**1,560**
**—**
**432,111**
**430,176**| ||**607,068**
**(2,215)**
**—**
**604,852**
**432,111**| ## **Statement of Assets and Liabilities 2021** ||**General Designated Restricted Endowment Thisyear Lastyear**| |---|---| |**Fixed assets - Tangible assets**
Church Hall -
**Totals**
**Current assets - Cash at bank and in hand**
St Mary Magdalene - Main -
St Mary Magdalene - Main -
St Mary Magdalene Savings - Planned
Givi -
CCLA (CBF) Reserve -
Cash in hand -
Bell Ringer Petty Cash -|332,350
—
—
—
332,350
244,453| ||**332,350**
**—**
**—**
**—**
**332,350**
**244,453**
(14,682)
25,513
706
—
11,537
12,842
—
—
—
—
—
948
99,436
40,000
—
—
139,436
66,897
9,260
—
—
—
9,260
9,256
474
(350)
—
—
123
124
90
—
—
—
90
200| _Page 16_ |Emergency Fund Vicars discretion -
IDS Decoration Scheme -
**Totals**
**Current assets - Investments**
CCLA Albrighton St Mary Magdalene PCC
-
**Totals**
**Liabilities - Agency accounts**
Agency collections -
**Totals**
**Liabilities - Creditors: Amounts falling due**
**in one year**
LDBF - Salary deficit -
**Totals**
**Grand total**|—
4
—
—
4
4
—
—
1,582
—
1,582
832| |---|---| ||**94,539**
**65,167**
**2,385**
**—**
**162,091**
**91,106**
115,491
—
—
—
115,491
98,320| ||**115,491**
**—**
**—**
**—**
**115,491**
**98,320**
—
—
4,503
—
4,503
1,248| ||**—**
**—**
**4,503**
**—**
**4,503**
**1,248**
520
—
—
—
520
520| ||**520**
**—**
**—**
**—**
**520**
**520**| ||**541,860**
**65,167**
**(2,118)**
**—**
**604,909**
**432,111**| Approved by the PCC on 04/04/2022 and signed on its behalf by: Mary Thomas L Radigan **Revd Mary Thomas Lydia Radigan** _Page 17_ ## **Analysis of receipts and payments 2021** ## **Receipts** |**Donations and legacies**
0101 - Gift Aid Collections
0201 - Non Gift Aid Collections
0301 - Loose plate collections
0410 - Giving through church boxes
0550 - Donations appeals over £20
0601 - Tax recoverable on Gift Aid
0701 - Legacies
0801 - Recurring grants
08A1 - Non-recurring one-off grants
0901 - Other funds generated
Total
**Receipts from charitable activities**
1101 - Fees for weddings and
funerals
Total
**Other trading activities**
1250 - Magazine income -
advertising
1260 - Parish magazine sales
Total
**Investments**
1020 - Bank/CBF interest
1230 - Donations to Church Hall
Upkeep
Total|**Unrestricted Designated Restricted Endowment This year Last year**
86,453
—
—
—
86,453
41,283
1,846
—
—
—
1,846
1,586
1,840
—
—
—
1,840
1,377
72
—
—
—
72
46
15,584
70
—
—
15,654
9,711
10,348
—
—
—
10,348
16,480
48,345
—
—
—
48,345
2,000
1,000
—
1,500
—
2,500
3,500
1,528
—
—
—
1,528
8,455
2,309
—
—
—
2,309
351| |---|---| ||169,329
70
1,500
—
170,899
84,794
11,225
—
—
—
11,225
8,314| ||11,225
—
—
—
11,225
8,314
—
2,590
—
—
2,590
4,991
—
4,148
—
—
4,148
12,150| ||—
6,738
—
—
6,738
17,141
340
—
—
—
340
568
—
3,844
—
—
3,844
992| ||340
3,844
—
—
4,184
1,561| |**RECEIPTS TOTAL**|180,895
10,652
1,500
—
193,047
111,811| _Page 18_ ## **Payments** |**Raising funds**
1720 - Costs of stewardship
1740 - Bank Charges
Total
**Payments for charitable activities**
1730 - Costs of fetes/concerts etc
1801 - Giving to missionary societies
1910 - Ministry parish share etc
2050 - Parish Administrator Salary
2150 - Vicar's telephone
2201 - Parish training and mission
2301 - Church running - insurance
2310 – Office telephone/internet
2320 - Organ / piano tuning
2330 - Church maintenance
2331 - Cleaning
2333 - Quinquennial Report
2340 - Upkeep of services
2350 - Upkeep of churchyard
2360 - Administration/Stationery
2363 - Licences & Subscriptions
2401 - Church running - electric
2410 - Church running - gas
2420 - Church running - water
2530 - Hall running - electricity
2540 - Hall running - gas
2550 - Hall running - insurance
2560 - Hall running - maintenance
2580 - Hall running - water
2720 - Church interior and exterior
decorating
2830 - Hall + interior and exterior
decorating
Total
**Other payments**
2051 - Other Salaries
2060 - Music Staff Salaries
2101 - Working expenses of
incumbent
2130 - Working Expenses of Curate
2131 - All Other Expense Claims
2311 -
Photocopier/Printing/Advertising
Expense
Total|152
—
—
—
152
84
212
—
—
—
212
200| |---|---| ||364
—
—
—
364
284
—
617
—
—
617
109
—
—
—
—
—
5,093
55,143
—
—
—
55,143
55,143
10,710
—
—
—
10,710
10,687
50
—
—
—
50
92
—
—
—
—
—
7
4,143
—
—
—
4,143
—
588
—
—
—
588
643
—
600
—
—
600
300
—
9,894
—
—
9,894
2,988
2,598
—
—
—
2,598
2,156
—
720
—
—
720
—
110
2,581
—
—
2,691
562
—
—
4,880
—
4,880
4,571
1,359
2,823
—
—
4,183
3,329
174
—
—
—
174
788
2,042
—
—
—
2,042
1,811
6,551
—
—
—
6,551
4,909
853
—
—
—
853
—
—
1,470
—
—
1,470
—
—
294
—
—
294
1,327
—
—
—
—
—
4,081
36
356
—
—
392
1
—
792
—
—
792
1,109
—
—
—
—
—
4,899
—
1,220
—
—
1,220
—| ||84,362
21,370
4,880
—
110,613
104,614
3,120
—
—
—
3,120
2,466
120
—
—
—
120
—
—
—
—
—
—
175
20
—
—
—
20
3
—
—
—
—
—
289
11,136
—
—
—
11,136
10,824| ||14,396
—
—
—
14,396
13,759| |**PAYMENTS TOTAL**|99,123
21,370
4,880
—
125,374
118,659| _Page 19_ **GRAND TOTAL** 81,771 (10,717) (3,380) — 67,672 (6,847) ## **Fund movement by type – 2021** |**BaptWedd - Baptism/Weddings Sun**
Designated
**Sub-total for BaptWedd**
**Bells - Bells Maintenance**
Designated
**Sub-total for Bells**
**Charity - Charitable Fund**
Designated
**Sub-total for Charity**
**Choir - Choir**
Designated
**Sub-total for Choir**
**Clock - Church Clock Mainten**
Designated
**Sub-total for Clock**
**Decorate - Decoration Scheme**
Restricted
**Sub-total for Decorate**
**Emergency - Emergency Fund - Vic**
Designated
**Sub-total for Emergency**
**Entertain - Entertaining (Recept**
Designated
**Sub-total for Entertain**
**FoodGrant - Food Bank Grant**
Restricted
**Sub-total for FoodGrant**
**Hall - Hall Fund**
Designated
**Sub-total for Hall**
**Magazine - Magazine Fund**
Designated
**Sub-total for Magazine**
**Maintain - Church Maintenance**
Designated
**Sub-total for Maintain**
**Messy - Messy Church**
Designated
Restricted
**Sub-total for Messy**
**Organ - Organ & Piano Tuning**
Designated
**Sub-total for Organ**
**Organcham - Organ Chamber Fund**
Designated
**Sub-total for Organcham**
**PPNZC - Practical Path To Ne**
Designated
**Sub-total for PPNZC**
**Quinquen - Quinquennial Inspect**|**Opening**
**Incoming**
**Outgoing**
**Transfers**
**Gains/Loss**
**Closing**
100
—
—
—
—
100| |---|---| ||**100**
**—**
**—**
**—**
**—**
**100**
1,520
—
453
—
—
1,066| ||**1,520**
**—**
**453**
**—**
**—**
**1,066**
2,057
—
—
2,943
—
5,000| ||**2,057**
**—**
**—**
**2,943**
**—**
**5,000**
725
—
—
—
—
725| ||**725**
**—**
**—**
**—**
**—**
**725**
1,000
—
—
—
—
1,000| ||**1,000**
**—**
**—**
**—**
**—**
**1,000**
832
—
—
750
—
1,582| ||**832**
**—**
**—**
**750**
**—**
**1,582**
—
—
—
750
—
750| ||**—**
**—**
**—**
**750**
**—**
**750**
976
—
617
—
—
359| ||**976**
**—**
**617**
**—**
**—**
**359**
—
—
—
—
—
—| ||**—**
**—**
**—**
**—**
**—**
**—**
(471)
3,844
4,146
2,471
—
1,697| ||**(471)**
**3,844**
**4,146**
**2,471**
**—**
**1,697**
—
6,748
580
—
—
6,167| ||**—**
**6,748**
**580**
**—**
**—**
**6,167**
2,023
—
9,283
2,709
—
(4,550)| ||**2,023**
**—**
**9,283**
**2,709**
**—**
**(4,550)**
—
—
—
250
—
250
948
—
—
(948)
—
—| ||**948**
**—**
**—**
**(698)**
**—**
**250**
2,000
60
600
—
—
1,460| ||**2,000**
**60**
**600**
**—**
**—**
**1,460**
7,137
—
—
—
—
7,137| ||**7,137**
**—**
**—**
**—**
**—**
**7,137**
—
—
—
—
—
—| ||**—**
**—**
**—**
**—**
**—**
**—**| _Page 20_ |Designated
**Sub-total for Quinquen**
**Reserves - Reserves - 3 Months**
Designated
**Sub-total for Reserves**
**SSchool - Sunday School**
Designated
**Sub-total for SSchool**
**Services - Vestry Wine/Wafers/C**
Designated
**Sub-total for Services**
**Sound - Sound System**
Designated
**Sub-total for Sound**
**Stationer - Stationery**
Designated
**Sub-total for Stationer**
**Training - Ministry Training**
Designated
**Sub-total for Training**
**Yard - Church Yard**
Restricted
**Sub-total for Yard**
**General - General fund**
Unrestricted
**Sub-total for General**
**Grand total**|5,000
—
720
—
—
4,280| |---|---| ||**5,000**
**—**
**720**
**—**
**—**
**4,280**
40,000
—
—
—
—
40,000| ||**40,000**
**—**
**—**
**—**
**—**
**40,000**
140
—
—
—
—
140| ||**140**
**—**
**—**
**—**
**—**
**140**
457
—
2,581
603
—
(1,520)| ||**457**
**—**
**2,581**
**603**
**—**
**(1,520)**
—
—
144
2,000
—
1,856| ||**—**
**—**
**144**
**2,000**
**—**
**1,856**
—
—
2,242
1,000
—
(1,242)| ||**—**
**—**
**2,242**
**1,000**
**—**
**(1,242)**
492
—
—
—
—
492| ||**492**
**—**
**—**
**—**
**—**
**492**
(319)
1,500
4,880
—
—
(3,700)| ||**(319)**
**1,500**
**4,880**
**—**
**—**
**(3,700)**
367,393
180,895
99,123
(12,529)
105,068
541,900| ||**367,393**
**180,895**
**99,123**
**(12,529)**
**105,068**
**541,900**| ||**432,011**
**193,047**
**125,374**
**—**
**105,068**
**604,949**| _Page 21_ ## **Fund movement by type - 2020** |**BaptWedd - Baptism/Weddings Sun**
Designated
**Sub-total for BaptWedd**
**Bells - Bells Maintenance**
Designated
**Sub-total for Bells**
**Chancel - Chancel Project/Mini**
Restricted
**Sub-total for Chancel**
**Charity - Charitable Fund**
Designated
**Sub-total for Charity**
**Choir - Choir**
Designated
**Sub-total for Choir**
**Clock - Church Clock Mainten**
Designated
**Sub-total for Clock**
**Decorate - Decoration Scheme**
Restricted
**Sub-total for Decorate**
**Emergency - Emergency Fund - Vic**
Designated
**Sub-total for Emergency**
**Entertain - Entertaining (Recept**
**Sub-total for Entertain**
**Hall - Hall Fund [Including**
Designated
**Sub-total for Hall**
**Magazine - Magazine Fund**
Designated
**Sub-total for Magazine**
**Maintain - Church Maintenance**
Designated
**Sub-total for Maintain**
**Messy - Messy Church**
Restricted
**Sub-total for Messy**
**Organ - Organ & Piano Tuning**
Designated
Restricted
**Sub-total for Organ**
**Organcham - Organ Chamber Fund**
Designated
**Sub-total for Organcham**
**Quinquen - Quinquennial Inspect**
Designated
**Sub-total for Quinquen**
**Reserves - Reserves - 3 Months**|**Opening**
**Incoming**
**Outgoing**
**Transfers Gains/losses**
**Closing**
—
—
—
100
—
100| |---|---| ||**—**
**—**
**—**
**100**
**—**
**100**
20
40
—
1,460
—
1,520| ||**20**
**40**
**—**
**1,460**
**—**
**1,520**
—
10
7,466
7,456
—
—| ||**—**
**10**
**7,466**
**7,456**
**—**
**—**
—
—
4,943
7,000
—
2,057| ||**—**
**—**
**4,943**
**7,000**
**—**
**2,057**
725
—
—
—
—
725| ||**725**
**—**
**—**
**—**
**—**
**725**
—
—
—
1,000
—
1,000| ||**—**
**—**
**—**
**1,000**
**—**
**1,000**
832
—
—
—
—
832| ||**832**
**—**
**—**
**—**
**—**
**832**
140
20
279
119
—
—| ||**140**
**20**
**279**
**119**
**—**
**—**| ||**—**
**—**
**23**
**1,000**
**—**
**976**
2,957
992
6,421
2,000
—
(471)| ||**2,957**
**992**
**6,421**
**2,000**
**—**
**(471)**
—
17,151
800
(16,351)
—
—| ||**—**
**17,151**
**800**
**(16,351)**
**—**
**—**
—
—
2,988
5,011
—
2,023| ||**—**
**—**
**2,988**
**5,011**
**—**
**2,023**
1,024
10
86
—
—
948| ||**1,024**
**10**
**86**
**—**
**—**
**948**
300
—
300
2,000
—
2,000
—
—
—
—
—
—| ||**300**
**—**
**300**
**2,000**
**—**
**2,000**
2,778
532
(3,826)
—
—
7,137| ||**2,778**
**532**
**(3,826)**
**—**
**—**
**7,137**
—
—
—
5,000
—
5,000| ||**—**
**—**
**—**
**5,000**
**—**
**5,000**| _Page 22_ |Designated
**Sub-total for Reserves**
**SSchool - Sunday School**
Designated
**Sub-total for SSchool**
**Services - Vestry Wine/Wafers/C**
Designated
**Sub-total for Services**
**Stationer - Stationery**
Designated
**Sub-total for Stationer**
**Training - Ministry Training**
Designated
**Sub-total for Training**
**Window - East Window Fund**
Restricted
**Sub-total for Window**
**Yard - Church Yard**
Restricted
**Sub-total for Yard**
**General - General fund**
Unrestricted
**Sub-total for General**
**Grand total**|—
—
—
40,000
—
40,000| |---|---| ||**—**
**—**
**—**
**40,000**
**—**
**40,000**
140
—
—
—
—
140| ||**140**
**—**
**—**
**—**
**—**
**140**
—
—
455
912
—
457| ||**—**
**—**
**455**
**912**
**—**
**457**
(25)
—
1,595
1,620
—
—| ||**(25)**
**—**
**1,595**
**1,620**
**—**
**—**
—
—
7
500
—
492| ||**—**
**—**
**7**
**500**
**—**
**492**
1,718
—
—
(1,718)
—
—| ||**1,718**
**—**
**—**
**(1,718)**
**—**
**—**
—
2,500
4,518
1,698
—
(319)| ||**—**
**2,500**
**4,518**
**1,698**
**—**
**(319)**
419,171
90,948
92,598
(58,809)
9,302
367,393| ||**419,171**
**90,948**
**92,598**
**(58,809)**
**9,302**
**367,393**| ||**430,176**
**111,811**
**118,659**
**—**
**9,302**
**432,011**| ## **Staff Costs** ||2021|2020| |---|---|---| |||| |Wages & Salaries|£13,830|£17,872| |||| |Average number of Employees|3|3| During the year the PCC employed an administrator a Personal Assistant and a cleaner [both part-time] and no payments attracted social security payemnts. There were no employee benefits to key management personnel in the previous or current year and no payments into the NEST pension which payroll uses. **COVID-19 –** The PCC received £1,528 in grants from the Government related to the Furlough Scheme ## **Trustees’ Remuneration & Expenses** Andrea Tyerman a trustee of the PCC was paid £7,800 by the PCC during the year for their role as Personal Assistant. No pension contributions were made by the PCC in connection with this employment. Three Trustees have been reimbursed £660 for travel expenses to Funerals incurred during the year. ## **Related Parties** No other expenses were paid to any other PCC member, persons closely connected to them or related parties. _Page 23_ Donations from related parties [PCC members] totalled £75,259 ## **Analysis of Transfer between Funds - 2021** **----- Start of picture text -----**
Reference Debit Credit Description Fund Fund Type
**----- End of picture text -----**
||||||| |---|---|---|---|---|---| |Tfr from General to Maintenance|-|2,709.75|To Maintenance fund|General|Unr| |Tfr from General to Maintenance|2,709.75|-|Per General fund|Maintain|Des| |Tfr from General to Hall|-|2,471.63|To Hall fund|General|Unr| |Tfr from General to Hall|2,471.63|-|Per General fund|Hall|Des| |Tfr from General to Vestry|-|603.34|To Vestry|General|Unr| |Tfr from General to Vestry|603.34|-|Per General fund|Services|Des| |Tfr from General to Stationery|-|1,000.00|To Stationery|General|Unr| |Tfr from General to Stationery|1,000.00|-|Per General fund|Stationer|Des| |Tfr from General to Charitable|-|2,943.00|To Charitable|General|Unr| |Tfr from General to Charitable|2,943.00|-|Per General fund|Charity|Des| |Tfr from Messy restricted to General - should not have been a|||||| |restricted fund set up a designated fund|-|948.3|To General Fund|Messy|Res| |Tfr from Messy restricted to General - should not have been a|||||| |restricted fund set up a designated fund|948.3|-|Per Messy restricted|General|Unr| |Tfr from General to Messy designated|-|250|To Messy|General|Unr| |Tfr from General to Messy designated|250|-|Per General Fund|Messy|Des| |Tfr from General to Vicars fund|-|750|To Vicars fund|General|Unr| |Tfr from General to Vicars fund|750|-|Per General fund|Emergency|Des| |Tfr from General to Sound|-|2,000.00|To Sound|General|Unr| |Tfr from General to Sound|2,000.00|-|Per General|Sound|Des| |2020 Contribution to IDS account|-|250|2020 Contribution to IDS account|General|Unr| |2021 Contribution to IDS account|-|500|2021 contribution to IDS account|General|Unr| |2020 Contribution to IDS account|250|-|2020 Contribution to IDS account|Decorate|Res| |2021 Contribution to IDS account|500|-|2021 Contribution to IDS account|Decorate|Res| ## **Analysis of Transfer between Funds 2020** |Unrestricted
£|Restricted
£|2020 Total
£||Unrestricted
£|Restricted
£|2019 Total
£| |---|---|---|---|---|---|---| |(7,457)|7,457|0||||| |(1,698)|1,698|0||||| |||||(4,150)|ABCR|(4,150)| |||||(5,182)|Beer festival|(5,182)| |||||177|Entertaining|177| |||||(13,692)|Magazine|(13,692)| |||||249|Church maint.|249| |||||300||300| |||||Organ
tuning|1,536|1,536| |||||243|Stationery|243| |||||Churchyard|1,966|1,966| |||||18,553|General|18,553| |**(9,155)**|**9,155**|**0**||**(3,502)**|**3,502**|**0**| - £7,456.80 transfer from Unrestricted to Chancel Appeal Restricted: To fund the shortfall in the Chancel Appeal Project (finalised during 2020). - £1,698.24 transfer from Unrestricted to Yard fund. To fund the shortfall between the grant received and the actual expenditure - Most of the transfers in 2019 related to closure of designated accounts, as a tidying up exercise _Page 24_ ## **Fixed Assets 2021** a) Tangible fixed assets |||Freehold
Buildings
£|Church
Equipment
£|Total
Assets| |---|---|---|---|---| |Cost or Valuation||||| |As at 1 Jan||244,453||244,453| |Additions in the Year||0|1|0| |Disposal in the Year||0|0|0| |Revaluation[if any]||87,897|0|87,897| |Value at 31 Dec||**332,350**|**0**|**332,350**| |||||| |Accumulated Depreciation||0|0|0.00| |As at 1 Jan||0|0|0.00| |Charge for the Year||0|0|0.00| |Disposals||0|0|0.00| |**Value at 31 Dec**||**332,350**|**0**|**332,350**| |||||| |||||| |Net Book Value at 1 Jan 2021||244,453|1|244,453| |**Net Book Value at 31 Dec 2021**||**332,350**|**0**|**332,350**| The Freehold land and buildings are The Parish Church Centre. b) Fixed Asset Investments ||At 1 Jan
£|Additions
£|Disposals
£|Transfers
£|Change in
Market Value
£|At 31 Dec
£| |---|---|---|---|---|---|---| |Unrestricted funds||||||| |Investments|98,320|0.00|0.00|0.00|17,171|115,491| |||||||| |Restricted Funds||||||| |Investments|0.00|0.00|0.00|0.00|0.00|0.00| |||||||| |Endowment Fund||||||| |Investments|0.00|0.00|0.00|0.00|0.00|0.00| |||||||| |||||||| |**Total**|**98,320**|**0.00**|**0.00**|**0.00**|**17,171**|**115,491**| CCLA – 620076001J – Albrighton St Mary General - £115,491 _Page 25_ ## **Summary of Assets by Fund 2021** |**Unrestricted**|||||| |---|---|---|---|---|---| |General fund|541,900|—|—|541,900|367,393| |**Designated**|||||| |Baptism/Weddings Sundries|100|—|—|100|100| |Bells Maintenance|1,066|—|—|1,066|1,520| |Charitable Fund|5,000|—|—|5,000|2,057| |Choir|725|—|—|725|725| |Church Clock Maintenance|1,000|—|—|1,000|1,000| |Church Maintenance|(4,550)|—|—|(4,550)|2,023| |Emergency Fund - Vicars discretion|750|—|—|750|—| |Entertaining (Receptions)|359|—|—|359|976| |Hall Fund [Including Maintenance Budget|1,697|—|—|1,697|(471)| |Magazine Fund|6,167|—|—|6,167|—| |Messy Church|250|—|—|250|—| |Ministry Training|492|—|—|492|492| |Organ & Piano Tuning|1,460|—|—|1,460|2,000| |Organ Chamber Fund|7,137|—|—|7,137|7,137| |Quinquennial Inspection|4,280|—|—|4,280|5,000| |Reserves - 3 Months Expenditure|40,000|—|—|40,000|40,000| |Sound System|1,856|—|—|1,856|—| |Stationery|(1,242)|—|—|(1,242)|—| |Sunday School|140|—|—|140|140| |Vestry Wine/Wafers/Candles|(1,520)|—|—|(1,520)|457| |**Restricted**|||||| |Agency collection|—|(40)|—|(40)|100| |Church Yard|—|(3,700)|—|(3,700)|(319)| |Decoration Scheme|—|1,582|—|1,582|832| |Messy Church|—|—|—|—|948| |**Total**|**607,067**|**(2,158)**|**—**|**604,949**|**432,111**| _Page 26_ ## **SOFA – Receipts & Payments Comparatives Previous Year 2020** ||**Unrestricted**
**Restricted**
**Endowment**
**Total**
**Prior year**
**funds**
**funds**
**funds**
**funds**
**total funds**| |---|---| |**Income and endowments from:**
Donations and legacies
Income from charitable activities
Other trading activities
Investments
**Total income**
**Expenditure on:**
Raising funds
Expenditure on charitable activities
Other expenditure
**Total expenditure**
**Net income / (expenditure) resources before**
**transfer**
**Transfers**
Gross transfers between funds - in
Gross transfers between funds - out
**Other recognised gains / losses**
Gains / losses on investment assets
Gains on revaluation, fixed assets, charity's own use
**Net movement in funds**
**Total funds brought forward**
**Total funds carried forward**|82,667
2,126
—
84,794
124,171
8,314
—
—
8,314
9,671
17,141
—
—
17,141
15,327
1,561
—
—
1,561
4,226| ||**109,684**
**2,126**
**—**
**111,811**
**153,395**
284
—
—
284
412
92,543
12,071
—
104,614
115,423
13,759
—
—
13,759
13,054| ||**106,587**
**12,071**
**—**
**118,659**
**128,891**| ||**3,097**
**(9,944)**
**—**
**(6,847)**
**24,504**
89,272
9,382
—
98,655
81,615
(96,709)
(1,946)
—
(98,655)
(81,615)
—
—
—
—
16,135
8,682
100
—
8,782
183| ||**4,343**
**(2,408)**
**—**
**1,934**
**40,823**| ||**426,207**
**3,969**
**—**
**430,176**
**389,353**| ||**430,550**
**1,560**
**—**
**432,111**
**430,176**| _Page 27_