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2021-12-31-accounts

THE PAROCHIAL CHURCH COUNCIL OF ST OSWALD'S, GRASMERE

Financial Statements for the year ended 31st December 2021 Charity number: 1181346

THE PAROCHIAL CHURCH COUNCIL OF

ST OSWALD'S, GRASMERE YEAR ENDED 31ST DECEMBER 2021

CONTENTS Pages
Independent Examiner's Report 1
Receipts and Payments Account 2
Statement of Assets and Liabilities 3
Notes to the Financial Statements 4 to 6

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE PAROCHIAL CHURCH COUNCIL OF ST OSWALD'S, GRASMERE

FOR THE YEAR ENDED 31ST DECEMBER 2021

I report on the accounts for the year ended 31st December 2021 which are set out on pages 2 to 6.

Respective Responsibilities of Trustees and 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 independent examination is needed.

It is my responsibility to:

Basis of Independent Examiner’s Report

My examination was carried out in accordance with 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 our examination, no material matters have come to my attention which gives me cause to believe that in any material respect:

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.

Ian Thompson FCA Saint & Co Chartered Accountants The Old Police Station Church Street, Ambleside Cumbria LA22 0BT

……………………….. Date

THE PAROCHIAL CHURCH COUNCIL OF

ST OSWALD'S, GRASMERE

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

RECEIPTS AND PAYMENTS ACCOUNT

YEAR ENDED 31 DECEMBER 2021 YEAR ENDED 31 DECEMBER 2021 YEAR ENDED 31 DECEMBER 2021 YEAR ENDED 31 DECEMBER 2020 YEAR ENDED 31 DECEMBER 2020 YEAR ENDED 31 DECEMBER 2020
UNRESTRICTED RESTRICTED TOTAL UNRESTRICTED RESTRICTED TOTAL
FUNDS FUNDS FUNDS FUNDS FUNDS FUNDS
£ £ £ £ £ £
NOTE
RECEIPTS
Voluntary receipts 4a 19,663 2,014 21,677 17,850 12,037 29,887
Church activities 4b 6,806 0 6,806 2,470 0 2,470
Activities for generating funds 4c 2,625 0 2,625 1,710 0 1,710
Investment income 4d 15,602 10 15,612 16,773 107 16,880
Other receipts 4e 19,005 0 19,005 0 0 0
TOTAL RECEIPTS 63,701 2,024 65,725 38,803 12,144 50,947
PAYMENTS
Mission giving and donations 5a 210 230 440 510 300 810
Church activities 5b 42,012 2,137 44,149 43,735 23 43,758
Cost of generating funds 5c 1,253 0 1,253 963 0 963
Costs of investment income 5d 0 0 0 0 0 0
Other payments 5e 0 0 0 0 0 0
TOTAL PAYMENTS 43,475 2,367 45,842 45,208 323 45,531
EXCESS OF RECEIPTS OVER PAYMENTS/
(PAYMENTS OVER RECEIPTS) 20,226 (343) 19,883 (6,405) 11,821 5,416
Transfers between funds (24,057) 24,057 0 0
CASH & BANK BROUGHT FORWARD 23,462 201,220 224,682 29,867 189,399 219,266
CASH & BANK CARRY FORWARD £19,631 £224,934 £244,565 £23,462 £201,220 £224,682

The statement of assets and liabilities on page 3 and the notes on pages 4 to 6 form part of these financial statements

THE PAROCHIAL CHURCH COUNCIL OF ST OSWALD'S, GRASMERE

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

STATEMENT OF ASSETS AND LIABILITIES

31 DECEMBER 2021 31 DECEMBER 2020
**UNRESTRICTED ** RESTRICTED TOTAL **UNRESTRICTED ** RESTRICTED TOTAL
FUNDS FUNDS FUNDS FUNDS FUNDS FUNDS
£ £ £ £ £ £
NOTE
CASH & BANK 3
Bank current accounts 19,630 222,274 241,904 11,639 175,819 187,458
CCLA CBF Deposit Fund 1 1 9,647 9,647
Carlisle CBF Deposit Funds 2,660 2,660 2,176 25,401 27,577
19,631 224,934 244,565 23,462 201,220 224,682
OTHER MONETARY ASSETS
Aegon General Investment Account 130,032 130,032 116,389 116,389
CBF Investment Fund Income shares
(Rector and Churchwardens' Account) * 0 17,993 17,993
COIF Charities Investment Fund units
(Grasmere School War Memorial) 1,046 1,046 915 915
130,032 1,046 131,078 134,382 915 135,297

FIXED ASSETS RETAINED FOR CHURCH USE

Fixtures, fittings & equipment
INVESTMENT ASSETS
Gingerbread shop
2
LIABILITIES
Legacy - part repayment		 0
140,000
140,000
140,000
0
140,000
154
154		 0
140,000
140,000
140,000
0
140,000
0

These financial statements were approved by the Parochial Church Council on the ………………………………….. and signed on its behalf by:

David Wilmott (Minister)

………..…………………….……….………

John Rickman (Treasurer) ………..…………………….……….………

THE PAROCHIAL CHURCH COUNCIL OF ST OSWALD'S, GRASMERE

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2021

1. The financial statements of the PCC have been prepared in accordance with the Church Accounting Regulations using the Receipts and Payments basis.

2. The Gingerbread shop is subject to revaluation

3. The movements in cash and bank funds during the year were:

RESTRICTED FUNDS
Held in CBF deposits
Eileen Hall Building Maintenance
(closed April 21)
Organ Fund (closed April 21)
Blake Piano Maintenance
Fabric Fund (closed July 21)
Summer Choir Fund
CW Wordsworth Bequest
Grasmere School
Held in bank accounts
Organ Fund
Church Tower Fund
Meeting area in church
Fabric Fund
Donation for churchyard maintenance
Collections for giving
UNRESTRICTED FUNDS
Designated Reserve:
Rector and Churchwardens
- held in CCLA deposit
- held in bank account
General Reserves
- held in CBF deposit (closed April 21)
- held in bank account
TOTAL FUNDS		 BROUGHT
EXCESS
CARRY
FORWARD
RECEIPTS
PAYMENTS
(DEFICIT)
TRANSFERS
FORWARD
£
£
£
£
£
£
16,257
6
6
(16,263)
0
5,933
3
3
(5,936)
0
1,748
1
1
1,749
552
0
(552)
0
347
0
347
484
0
484
80
0
80
124,814
624
(977)
(353)
24,613
149,074
1,005
0
21,643
22,648
50,000
0
50,000
0
0
552
552
0
1,160
(1,160)
0
0
0
230
(230)
0
0
201,220
2,024
(2,367)
(343)
24,057
224,934
9,647
4
4
(9,650)
1
6,388
18,936
18,936
(15,027)
10,297
16,035
18,940
0
18,940
(24,677)
10,298
2,176
1
1
(2,177)
0
5,251
44,760
(43,475)
1,285
2,797
9,333
7,427
44,761
(43,475)
1,286
620
9,333
23,462
63,701
(43,475)
20,226
(24,057)
19,631
224,682
65,725
(45,842)
19,883
0
244,565

THE PAROCHIAL CHURCH COUNCIL OF

ST OSWALD'S, GRASMERE

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2021 (continued)

RECEIPTS YEAR ENDED 31 DECEMBER 2021 YEAR ENDED 31 DECEMBER 2021 YEAR ENDED 31 DECEMBER 2021 YEAR ENDED 31 DECEMBER 2020 YEAR ENDED 31 DECEMBER 2020 YEAR ENDED 31 DECEMBER 2020
UNRESTRICTED RESTRICTED TOTAL UNRESTRICTED RESTRICTED TOTAL
FUNDS FUNDS FUNDS FUNDS FUNDS FUNDS
£ £ £ £ £ £
4a VOLUNTARY RECEIPTS
Church collections 4,055 230 4,285 3,378 300 3,678
Collecting boxes 5,299 5,299 2,905 2,905
Sundry donations 3,663 1,544 5,207 220 11,737 11,957
Donations from church bookstall** 1,800 1,800 784 784
Gift aid tax 1,643 1,643 563 563
Legacies 3,203 3,203 10,000 10,000
Grants - vat scheme 240 240 0
19,663 2,014 21,677 17,850 12,037 29,887
4b CHURCH ACTIVITIES
Wedding and funeral fees 5,493 5,493 2,470 2,470
Clergy mileage claims 1,313 1,313 0
6,806 0 6,806 2,470 0 2,470
4c ACTIVITIES FOR GENERATING FUNDS
Parish magazine advertising 2,625 2,625 1,710 1,710
2,625 0 2,625 1,710 0 1,710
4d INVESTMENT INCOME
Investment property rent 15,338 15,338 16,200 16,200
Interest 264 10 274 573 107 680
15,602 10 15,612 16,773 107 16,880
4e OTHER RECEIPTS
Proceeds from sale of CBF Investment
Fund Income shares 18,677 18,677 0
Wall damage claim 328 328 0
19,005 0 19,005 0 0 0
TOTAL RECEIPTS £63,701 £2,024 £65,725 £38,803 £12,144 £50,947
** The church bookstall is run outside of the control of the PCC; the movements on its bank account were as follows:
Balance brought forward 2021
65		 2020
612
Bookstall sales 3,866 1,158
Purchases (1,595) (921)
Donations to PCC (1,800) (784)
Balance carried forward 536 65

THE PAROCHIAL CHURCH COUNCIL OF

ST OSWALD'S, GRASMERE

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2021 (continued)

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|||||||| |---|---|---|---|---|---|---| |PAYMENTS|YEAR ENDED 31 DECEMBER 2021|YEAR ENDED 31 DECEMBER 2020| |UNRESTRICTED|RESTRICTED|TOTAL|UNRESTRICTED|RESTRICTED|TOTAL| |FUNDS|FUNDS|FUNDS|FUNDS|FUNDS|FUNDS| |£|£|£|£|£|£| |5a|MISSION GIVING AND DONATIONS| |Home mission/church societies|210|230|440|510|300|810| |and secular charities| |210|230|440|510|300|810| |5b|CHURCH ACTIVITIES| |Ministry: Parish Offering|26,400|26,400|24,000|24,000| |Clergy expenses|1,268|1,268|2,320|2,320| |Church:| |Organist and choir|1,560|1,560|2,895|2,895| |Organ maintenance|708|977|1,685|379|23|402| |Churchyard maintenance|975|1,160|2,135|0| |Repairs, maintenance and renewals|437|437|3,278|3,278| |Heating and lighting|2,419|2,419|2,457|2,457| |Insurance|3,562|3,562|3,728|3,728| |Weddings and funerals|1,785|1,785|807|807| |Services and fees|1,010|1,010|2,087|2,087| |Printing and stationery|303|303|245|245| |Other expenses|925|925|1,539|1,539| |Accountancy/Independent Examination|660|660|0| |42,012|2,137|44,149|43,735|23|43,758| |5c|COST OF GENERATING FUNDS| |Parish magazine printing|1,253|1,253|963|963| |1,253|0|1,253|963|0|963| |5d|COSTS OF INVESTMENT INCOME| |Investment property costs|0|0| |0|0|0|0|0|0| |5e|OTHER PAYMENTS| |0|0| |0|0|0|0|0|0| |TOTAL PAYMENTS|£43,475|£2,367|£45,842|£45,208|£323|£45,531|

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