2021-12-31-accounts

Contents			Page
Annual Report
Independent	Examiner's	Report
Statement of	Financial	Activities	12
Balance Sheet			13
Statement of	Cash Flows
Notes to the Financial Statements			16 —27

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			THE	THE	PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF	PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF	PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF	PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF	PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF
						ST	MATTHEW WITH STSIDWELI		EXETER
							BALANCE SHEET
							As at 31December 2021
									2021	2020
							Notes
FIXED ASSETS
Tangible fixed assets									603,045	620,912
Investment	property								330,000	330,000
Investments									62,614	88,239
									995,659	1,039,151
CURRENT ASSETS
Stock								1,773	1,773
Debtors and		prepayments					10	103,989	121,308
Cash at bank and				in	hand			159,613	97,314
								265,375	220,395
LIABILITIES
Creditors —amounts					falling due
within one year								26,395	59,479
Net current	assets								238,980	160,916
Total assets	less		current			liabilities			1,234,639	1,200,067
NET ASSETS									1,234,639	1,200,067
PARISH FUNDS
Unrestricted		reserves
General									1,079,108	1,073,482
Designated										6,000
							13		1,079,108	1,079,482
Restricted reserves							13		155,531	120,585
									1,234,639	1,200,067

						2021	2020
					Notes
Cash flows from operating	activities
Net cash provided by/(used in) operating			activities			28,152	(69,117)
Cash flows from investing	activities
Dividends, interest and rents
Proceeds from the sale of	investments					34,147	41,516
Purchase of tangible fixed	assets						(17,533)
Purchase of investments
Net cash provided by/(used in) investing			activities			34,147	23,983
Change in cash and cash	equivalents	in	the
reporting period						62,299	(45,134)
Cash and cash equivalents	at the beginning			ofthe
reporting period						97,314	142,448
Total cash and cash equivalents at the		year		end		159,613	97,314

			NOTES TO THE STA	TE	MENT OF CASHFLOW	S
			Year Ending	31	December 2021
						2021	2020
1	Reconciliation of net		income/(expenditure)		to net cash
	flows from operating		activities
	Net income for the	reporting period (as		per the
	Statement ofFinancial Activities)					34,572	(99,692)
	Adjustments for.
	Depreciation					17,867	17,486
	Dividends, interest	and rents
	Gain on investments					(8,522)	(7,216)
	(Increase)/decrease		in stocks				(1,773)
	(Increase)/decrease		in debtors			17,319	(14,871)
	Increase/(decrease)		in creditors			(33,084)	36,949
	Net cash provided	by/(used in) operating			activities	28,152	(69,117)
2	Analysis ofcash and		cash equivalents
	Cash at bank and	in	hand			148,950	86,651
	Notice deposits (less		than 3months)			10,663	10,663
						159,613	97,314

2	Income from:
		Unrestricted	Restricted	Total	Total
		Funds	Funds	2021	2020
2a)	Donations and legacies
	Planned giving	78,439		78,439	83,700
	Gift aid recoverable	18,977	39	19,016	15,473
	Collections	1,113	28	1,141	1,666
	General donations and appeals	19,613	1,235	20,848	9,015
	SDFgrants		150,357	150,357	108,664
	Coronavirus Job Retention	238		238	1,402
	Scheme
	Other grants		7,668	7,668	31,646
		118,380	159,327	277,707	251,566
2b)	Charitable activities
	Weddings and funerals	300		300	276
	Student weekend away	938		938	2,947
	Film hub contributions
		1,238		1,238	3,223
2c)	Other trading activities
	St Sidwell Hall rental	216		216	3,010
	St Mattew's Church Hall rental	9,455		9,455	7,207
	St Matthew's parking	1,787		1,787	1,581
		11,458		11,458	11,798

2d)	Investments
	Dividends and interest				1,776		1,776	2,513
	Crown House rental				20,000		20,000	21,475
					21,776		21,776	23,988
	Total income				152,852	159,327	312,179	290,575
3	Expenditure on:
					Unrestricted	Restricted	Total	Total
					Funds	Funds	2021	2020
3a)	Charitable activities
	Missionary and charitable			giving
	(Note 6)				6,437		6,437	11,339
	LYN food bank (Note	l3)				2,424	2,424	18,540
	Diocesan common	fund			48,888		48,888	46,121
	Ministry costs				4,177		4;I77	935
	Cost ofservices				9,753		9,753	3,190
	Worship 6 production		costs		5,077		5,077	5,526
	Youth, students 6 children's			work	7,625		7,625	5,987
	Staff costs (Note 4)				10,675	112,940	123,615	104,581
	Maintenance and repairs				15,597		15,597	104,548
	Major improvements				3,969	9,249	13,218	53,659
	Church running costs				13,623		13,623	9,991
	Church hall running	costs			2,049		2,049	1,473
	Administrative costs				13,904		13,904	8,496
	Depreciation				17,867		17,867	17,486
	Support and governance			costs
	Legal and professional		fees					2,235
	Independent examineI's fee				1,875		1,875	1,901
					l61,516	124,613	286,129	396,008

3	Expenditure on (continued):
			Unrestricted	Restricted	Total	Total
			Funds	Funds	2021	2020
3b)	Raising funds
	Crown house costs					1,475
	Total expenditure		161,516	124,613	286,129	397,483
4	Staff costs
					2021	2020
						P
	Wages and salaries				116,045	98,522
	Social security costs				5,266	4,183
	Employer's pension				2,304	1,876
	contributions
					123,615	104,581
					2021	2020
	Average number	ofemployees			7	6
	Average number	offull-time
	equivalent employees				3.6	3.6

Missionary and ch	ari	table	giving
					2021	2020
Bible Society						50
Bishop's discretionary		fund				70
Buburi Clinic						100
Christians Against	Poverty		(Exeter)			900
Church Mission Society						100
CTaX					35
Exeter City Centre	Chaplaincy					25
Foodbank					577	1,300
Hospice care						50
ICECharitable Trust					577	900
Lifelines Exeter					25
Newtown Community		Association			300
Peninsula Initiative	—SW Community			Chaplaincy	577	980
Open Doors					500
RDB E Neonatal ICU						268
Release International						200
Send a Cow						100
Southernhay Church					300
South West Carols						100
St Basils Church						1,000
St Sidwell's Centre					578	1,900
St Sidwell's School leaver's			Bibles		325	297
Street Pastors					577	800
Tearfund					500	1,040
YMCA					577	900
Discretionary gifts (5		gifts)			412	259
					6,437	11,339

7	Tangible fixed assets
		Land and	Fixtures and	Computers
		buildings	fittings	and	Total
				equipment
	Cost
	Brought forward	514,066	78,043	50,316	642,425
	Additions
	Carried forward	514,066	78,043	50,316	642,425
	Depreciation
	Brought forward		9,470	12,043	21,5I3
	Charge for year		7,804	10,063	17,867
	Carried forward		17,274	22,106	39,380
	Net book value
	Carried forward	514,066	60,769	28,210	603,045
	Brought forward	514,066	68,573	38,273	620,912

Market value brought	forward	88,239
Disposal proceeds		(34,147)
Net gains on revaluation		8,522
Market value carried	forward	62,614

2020
					Gains/
		Brought	Income	Expenditure	(losses)	Transfers
		forwaf'cl					forwaf d
Unrestricted	reserves
General		1,124,537	147,496	(217,300)	7,216	11,533	1,073,482
Charitable	Giving	10,812		(10,812)		6,000	6,000
		1,135,349	147,496	(228,112)	7,216	17,533	1,079,482
Restricted reserves
Charity			273	(273)
collections
CRT		50,844		(36,778)		(i4,066)
SDF		113,566	108,664	(iiZ909)		(3,467)	105,854
LYN			25,142	(19,411)			5,731
Extension			9,000				9,000
		164,410	143,079	(169,371)		(17,533)	120,585
		1,299,759	290,575	(397,483)	7,216		1,200,067

14	Analysis	ofAssets	and liabilities between funds
	2021			Unrestricted	Restricted	Total
				funds	funds
	Fixed assets
	Tangible	fixed assets		603,045		603,045
	Investment property			330,000		330,000
	Investments			62,614		62,614
	Stock			1,773		1,773
	Debtors	and prepayments		15,735	88,254	103,989
	Cash at	bank and	in hand	92,336	67,277	159,613
	Current	liabilities		(26,395)		(26,395)
	Net assets			1,079,108	155,531	1,234,639
	2020
	Tangible	fixed assets		620,912		620,912
	Investment property			330,000		330,000
	Investments			88,239		88,239
	Stock			1,773		1,773
	Debtors	and prepayments		6,465	114,843	121,308
	Cash at	bank and	in hand	91,572	5,742	97,314
	Current	liabilities		(59,479)		(59,479)
	Net assets
				1,079,482	120,585	1,200,067