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|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|
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|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|
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|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|
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|---|---|---|---|---|---|---|
|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|
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|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|
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|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|