# **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: - 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 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: - accounting records were not kept in accordance with section 130 of the Charities Act or - the accounts do not accord 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. Ian Thompson FCA Saint & Co Chartered Accountants The Old Police Station Church Street, Ambleside Cumbria LA22 0BT ……………………….. Date - 1 - ## **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 - 2 - ## **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| * The CBF Investment Fund Income shares were sold for £18,677 in June 2021 and the proceeds were banked in the Rector & Churchwardens' bank account, then transferred to the Organ Fund bank account. ## **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) ………..…………………….……….……… - 3 - ## **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| |---|---| - 4 - ## **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||| - 5 - ## **THE PAROCHIAL CHURCH COUNCIL OF** ## **ST OSWALD'S, GRASMERE** ## **NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2021 (continued)** **----- Start of picture text -----**
|||||||| |---|---|---|---|---|---|---| |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| **----- End of picture text -----**
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