**REGISTERED CHARITY NUMBER: 1181564**
## **Report of the Trustees and**
## **Unaudited Financial Statements**
## **for the Year Ended 31 December 2021**
## **for**
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BRADLEY STOKE**
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BRADLEY STOKE**
## **Contents of the Financial Statements FOR THE YEAR ENDED 31 DECEMBER 2021**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|3|
|**Independent Examiner's Report**||4||
|**Statement of Financial Activities**||5||
|**Balance Sheet**||6||
|**Notes to the Financial Statements**|7|to|16|
|**Detailed Statement of Financial Activities**|17|to|18|
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BRADLEY STOKE**
## **Report of the Trustees FOR THE YEAR ENDED 31 DECEMBER 2021**
The trustees present their report with the financial statements of the charity for the year ended 31 December 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The primary objective of the PCC is the promotion of the Gospel of our Lord Jesus Christ according to the doctrines and practices of the Church of England. The Trustees confirm that they have complied with their duty of the Charities Act 2011 in having due regard to the Charity Commission's guidance on Public Benefit when planning and reviewing the aims and objectives of Christ the King Church.
The Bristol Diocese is committed to the vision of 'Humanity reconciled, creation restored'.
Christ the King works with freedom to express its ministry in unique ways as reflected in the vision statement 'Growing, loving, serving and sharing'.
## **Significant activities**
In 2021, Christ the King Church fulfilled its charitable objectives by undertaking a number of activities. Like everyone, our activities were significantly impacted by the Covid-19 pandemic and subsequent lockdowns. Many of our usual activities continued online, and many we developed and adapted.
- The mums and toddlers morning group known as First Steps runs once a week.
- A weekly coffee morning and two groups support those enjoying "later living".
- Our youth and children's work, mostly overseen by our Youth Trainee, serves families from our congregation and
- from our local community.
- Our ministers and others support and have created active links with our local primary and secondary schools.
## **Public benefit**
Christ the King sets aside 5-10% of the voluntary planned giving. In 2021, the church continued to work closely with existing mission partners, both in the UK and overseas.
## **Volunteers**
A big 'thank you' to all the volunteers who lead and support these and other church-linked activities.
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
The groups and activities listed in the "Objectives and activities" section above continue to flourish in serving various sections of the communities of Bradley Stoke and Little Stoke.
## **Covid-19**
The trustees continued to monitor the impact that the Covid-19 pandemic had on the charity's current and future financial position. During the year, activities were moved on and off-line as Government legislation changed regarding what was permissible.
The trustees consider that the charity will continue as a going concern for a period of at least 12 months from the date on which these financial statements are approved. The trustees therefore consider it appropriate to adopt the going concern basis of preparation of the accounts, as detailed in note 1 to the financial statements.
Page 1
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BRADLEY STOKE**
## **Report of the Trustees FOR THE YEAR ENDED 31 DECEMBER 2021**
## **FINANCIAL REVIEW**
## **Principal funding sources**
The principal funding source for the church is the generous giving of members (including Gift Aid) and rental income from the letting of rooms.
The expenditure has satisfied the charitable objectives by supporting the advancement of the Christian faith, children and youth work and a wide range of community services, such as the Coffee Morning.
## **Investment policy and objectives**
The PCC invests funds in excess of short term requirements with the CBF Church of England Deposit Fund and Lloyds Bank Special Reserve accounts. In the latter part of the year the church invested in the CBF Investment Fund. There are no investment conditions which have been placed upon these funds.
## **Reserves policy**
The PCC have sought to build up free reserves to a level, both to support the operations of the church during any temporary reduction in income and also to enable a controlled rundown of activities, if it became no longer feasible to continue its operations. The Trustees are therefore working towards holding free reserves at a level equal to 3 months regular expenditure. In measuring free reserves, the Trustees exclude the designated funds.
At the end of 2021, total reserves were £188,649 (2020 - £129,317).
At the year end, there were free reserves of £163,828 (2020 - £102,071) which equates to approximately 24 months' expenditure based on 2021 figures. The free reserves have significantly increased in the year as a result of the receipt of a legacy.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The PCC is a body corporate established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure along with relevant sections of Synodical Government Measure and Charities Acts. All PCC members are trustees of the charity.The charity constitutes an unincorporated charity.
## **Recruitment and appointment of new trustees**
Members of the PCC (Trustees) are either appointed ex-officio or elected by the Annual Parochial Church Meeting (APCM) in accordance with the Church Representation Rules. All Trustees are given the Charity Commission publication CC3 'The Essential Trustee - What You Need to Know' to assist in the induction process and to allow all new trustees to be aware of their legal responsibilities. The Diocese of Bristol provides PCC (membership, trustee) training and all new DCC members are obliged to attend.
## **Organisational structure**
The Parochial Church Council of the Ecclesiastical Parish of Bradley Stoke (Bradley Stoke PCC) comprises the Church of Christ the King within the Kingswood and South Gloucestershire Deanery of the Bristol Diocese of the Church of England.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number**
1181564
Page 2
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BRADLEY STOKE**
## **Report of the Trustees FOR THE YEAR ENDED 31 DECEMBER 2021**
**Principal address** Church Office Church of Christ the King Mautravers Close Bradley Stoke Bristol BS32 8EE
|**Trustees**||
|---|---|
|Ex Officio members:||
|R. Smale (2018)|Church Warden|
|D. Thornley (2020)|Church Warden|
|S. Jonathan (2021)|Church Warden|
|H. Thomas (2019)|Deanery Synod Representative|
|C. Wilkins (2018)|Deanery Synod representative|
|R. Symmons (2020)|Priest-in-charge|
|Elected members:||
|P. Cale (2020)|Treasurer|
|S. Cale (2019)|Member|
|J. Vaughan-Williams (2019)|Member|
## **Independent Examiner**
Geoffrey Speirs FCA Institute of Chartered Accountants in England and Wales Haines Watts Chartered Accountants Bath House 6-8 Bath Street Bristol BS1 6HL
Approved by order of the board of trustees on 16 May 2022 and signed on its behalf by:
P Cale - Trustee
Page 3
**Independent Examiner's Report to the Trustees of The Parochial Church Council of the Ecclesiastical Parish of Bradley Stoke**
## **Independent examiner's report to the trustees of The Parochial Church Council of the Ecclesiastical Parish of Bradley Stoke**
I report to the charity trustees on my examination of the accounts of The Parochial Church Council of the Ecclesiastical Parish of Bradley Stoke (the Trust) for the year ended 31 December 2021.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
## **Matter of concern identified**
The Trustees' view on the impact of Covid-19 is disclosed on page 1 and in the accounting policies note. However, not all future events or conditions can be predicted. The Covid-19 viral pandemic is one of the most significant economic events for the UK with unprecedented levels of uncertainty of outcomes. It is therefore difficult to evaluate all of the potential implications on the charity's trade, customers, suppliers and wider economy.
Geoffrey Speirs FCA Institute of Chartered Accountants in England and Wales Haines Watts Chartered Accountants Bath House 6-8 Bath Street Bristol BS1 6HL
30 May 2022
Page 4
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BRADLEY STOKE**
## **Statement of Financial Activities FOR THE YEAR ENDED 31 DECEMBER 2021**
|Unrestricted
funds
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
**126,212**
**Charitable activities**
5
Ministry and mission
**220**
Other trading activities
3
**12,156**
Investment income
4
**31**
**Total**
**138,619**
**EXPENDITURE ON**
**Charitable activities**
6
Ministry and mission
**80,870**
Coffee shop ministry
**-**
**Total**
**80,870**
Net gains on investments
**4,008**
**NET INCOME/(EXPENDITURE)**
**61,757**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**102,071**
**TOTAL FUNDS CARRIED FORWARD**
**163,828**|Restricted
funds
£
**1,185**
**-**
**-**
**-**
**1,185**
**3,479**
**131**
**3,610**
**-**
**(2,425)**
**27,246**
**24,821**|**2021**
**Total**
**funds**
**£**
**127,397**
**220**
**12,156**
**31**
**139,804**
**84,349**
**131**
**84,480**
**4,008**
**59,332**
**129,317**
**188,649**|2020
Total
funds
£
63,623
320
9,033
175|
|---|---|---|---|
||||73,151
71,916
78|
||||71,994
-|
||||1,157
128,160|
||||129,317|
The notes form part of these financial statements
Page 5
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BRADLEY STOKE**
## **Balance Sheet 31 DECEMBER 2021**
|Unrestricted
funds
Notes
£
**FIXED ASSETS**
Investments
14
**85,108**
**CURRENT ASSETS**
Debtors
15
**2,302**
Cash at bank and in hand
**79,044**
**81,346**
**CREDITORS**
Amounts falling due within one year
16
**(2,626)**
**NET CURRENT ASSETS**
**78,720**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**163,828**
**NET ASSETS**
**163,828**
**FUNDS**
17
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Restricted
funds
£
**-**
**-**
**24,821**
**24,821**
**-**
**24,821**
**24,821**
**24,821**|**2021**
**Total**
**funds**
**£**
**85,108**
**2,302**
**103,865**
**106,167**
**(2,626)**
**103,541**
**188,649**
**188,649**
**163,828**
**24,821**
**188,649**|2020
Total
funds
£
-
1,645
129,759
131,404
(2,087)
129,317
129,317
129,317
102,071
27,246
129,317|
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 16 May 2022 and were signed on its behalf by:
P Cale - Trustee
The notes form part of these financial statements
Page 6
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BRADLEY STOKE**
**Notes to the Financial Statements FOR THE YEAR ENDED 31 DECEMBER 2021**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011.
The financial statements are prepared in sterling which is the functional currency of the charity and are rounded to the nearest £.
The accounts have been prepared on the assumption that the charity is able to continue as a going concern, which the trustees consider appropriate having regard to the current level of unrestricted reserves. However, the Covid-19 pandemic is likely to have a profound impact on the global economy, and may in turn affect the charity. The trustees have considered the impact of this issue on the charity's current and future financial position and consider that the charity has sufficient cash reserves to continue as a going concern for a period of at least 12 months from the date on which these financial statements are approved.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Collections are recognised when received by or on behalf of the PCC. Planned giving receivable under gift aid is recognised only when received. Income tax recoverable on gift aid donations is recognised when the related income is recognised. Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement and the amount due. Rental income from the letting of church premises is recognised when the rental is due. Other income is recognised on a receipts basis. The value of services provided by volunteers has not been included.
## **Grants**
Grants are recognised in full in the Statement of Financial Activities in the year in which they are receivable, where all conditions associated with the grant have been met. Where conditions exist which remain unsatisfied, the grant is treated as a liability until the conditions have been substantially met.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
## **Taxation**
The charity is exempt from tax on its charitable activities.
continued...
Page 7
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BRADLEY STOKE**
**Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2021**
## **1. ACCOUNTING POLICIES - continued**
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Pension costs and other post-retirement benefits**
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
## **Donated goods, services and facilities**
Donated goods, services or facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. On receipt, donated services and facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
## **Debtors**
Debtors are measured on initial recognition at settlement amount after any amounts advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.
## **Creditors**
The charity has creditors which are measured at settlement amounts.
## **Financial Instruments**
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
## **Judgements and key sources of estimation uncertainty**
No judgements (apart from those involving estimates) or key estimates have been made in the process of applying the above accounting policies.
## **Short term liquid investments and cash**
Cash at bank is held to meet short-term cash commitments as they fall due rather than for investment purposes and includes all cash equivalents held in the form of short-term highly liquid investments. Cash equivalents are short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.
## **Investments**
Listed investments are measured initially at cost and subsequently at market value as at the balance sheet date. Unrealised gains and losses arising on the revaluation of investments are recognised in the Statement of Financial Activities.
continued...
Page 8
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BRADLEY STOKE**
## **Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2021**
|**2.**
**DONATIONS AND LEGACIES**
Standing orders
Church collections
Other giving
Legacies
Gift aid tax refunds
**3.**
**OTHER TRADING ACTIVITIES**
Church lettings
**4.**
**INVESTMENT INCOME**
Deposit account interest
**5.**
**INCOME FROM CHARITABLE ACTIVITIES**
Activity
Diocese fees
Ministry and mission
Fees for the DCC
Ministry and mission
**6.**
**CHARITABLE ACTIVITIES COSTS**
Grant
funding of
Direct
activities
Costs (see
(see note
note 7)
8)
£
£
Ministry and mission
**78,617**
**3,300**
Coffee shop ministry
**131**
**-**
**78,748**
**3,300**|**2021**
**£**
**36,538**
**1,304**
**8,834**
**71,235**
**9,486**
**127,397**
**2021**
**£**
**12,156**
**2021**
**£**
**31**
**2021**
**£**
**-**
**220**
**220**
Support
costs (see
note 9)
£
**2,432**
**-**
**2,432**||2020
£
35,388
537
16,729
2,013
8,956|
|---|---|---|---|
||||63,623|
||||2020
£
9,033|
||||2020
£
175
2020
£
271
49
320
Totals
£
**84,349**
**131**|
||||**84,480**|
continued...
Page 9
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BRADLEY STOKE**
## **Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2021**
## **7. DIRECT COSTS OF CHARITABLE ACTIVITIES**
|Staff costs
Clergy expenses
Church running expenses
Diocese fees
Parish share
Church mission and social events
Church administration
Youth work
Other expenses
**8.**
**GRANTS PAYABLE**
Ministry and mission
The total grants paid to institutions during the year was as follows:
Ambassadors Football
Crisis Centre
EMI UK
inHope
Other|**2021**
**£**
**24,711**
**-**
**13,071**
**-**
**35,000**
**376**
**1,241**
**3,479**
**870**
**78,748**
**2021**
**£**
**3,300**
**2021**
**£**
**1,000**
**-**
**1,200**
**1,100**
**-**
**3,300**|2020
£
18,316
1,029
9,350
255
30,000
171
962
5,808
1,657|2020
£
18,316
1,029
9,350
255
30,000
171
962
5,808
1,657|
|---|---|---|---|
|||67,548||
|||2020
£
2,282
2020
£
734
734
734
-
80
2,282||
||||2,282|
|**9.**|**SUPPORT COSTS**||||
|---|---|---|---|---|
||||Governance||
|||Finance|costs|Totals|
|||£|£|£|
||Ministry and mission|**111**|**2,321**|**2,432**|
continued...
Page 10
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BRADLEY STOKE**
## **Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2021**
## **10. AUDITORS' REMUNERATION**
|**AUDITORS' REMUNERATION**|||
|---|---|---|
||**2021**|2020|
||**£**|£|
|Examiner's remuneration for independent examination and accounts|||
|preparation|**2,321**|2,000|
## **11. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 December 2021 nor for the year ended 31 December 2020.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 December 2021 nor for the year ended 31 December 2020.
## **12. STAFF COSTS**
|Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Administration and cleaning staff
No employees received emoluments in excess of £60,000.
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
funds
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
49,881
**Charitable activities**
Ministry and mission
320
Other trading activities
9,033
Investment income
175
**Total**
59,409|**2021**
**£**
**24,123**
**62**
**526**
**24,711**
**2021**
**3**
Restricted
funds
£
13,742
-
-
-
13,742|2020
£
17,796
-
520
18,316
2020
2
Total
funds
£
63,623
320
9,033
175|
|---|---|---|
|||73,151|
## **13. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
## **EXPENDITURE ON**
continued...
Page 11
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BRADLEY STOKE**
## **Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2021**
|**13.**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**||
|---|---|---|---|---|---|---|
|||Unrestricted||Restricted||Total|
|||funds||funds||funds|
|||£||£||£|
||**Charitable activities**||||||
||Ministry and mission|66,078||5,838||71,916|
||Coffee shop ministry||-||78|78|
||**Total**|66,078||5,916||71,994|
||**NET INCOME/(EXPENDITURE)**|(6,669)||7,826||1,157|
||**Transfers between funds**|(360)|||360|-|
||**Net movement in funds**|(7,029)||8,186||1,157|
||**RECONCILIATION OF FUNDS**||||||
||**Total funds brought forward**|109,100||19,060||128,160|
||**TOTAL FUNDS CARRIED FORWARD**|102,071||27,246||129,317|
|**14.**|**FIXED ASSET INVESTMENTS**||||||
|||||||Listed|
|||||||investments|
|||||||£|
||**MARKET VALUE**||||||
||Additions|||||**81,100**|
||Revaluations|||||**4,008**|
||At 31 December 2021|||||**85,108**|
||**NET BOOK VALUE**||||||
||At 31 December 2021|||||**85,108**|
||At 31 December 2020|||||-|
||There were no investment assets outside the UK.||||||
continued...
Page 12
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BRADLEY STOKE**
## **Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2021**
## **14. FIXED ASSET INVESTMENTS - continued**
Cost or valuation at 31 December 2021 is represented by:
|||**Listed**|
|---|---|---|
|||**investments**|
|||**£**|
|Valuation in|2021|**4,008**|
|Cost||**81,100**|
|||**85,108**|
Listed investments are valued at market value as at the balance sheet date. Unrealised gains and losses arising on the revaluation of investments are charged to the statement of financial activities.
## **15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Trade debtors
Other debtors
Tax refunds
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other creditors|**2021**
**£**
**315**
**176**
**1,811**
**2,302**
**2021**
**£**
**2,626**|2020
£
-
80
1,565|
|---|---|---|
|||1,645|
|||2020
£
2,087|
## **16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
continued...
Page 13
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BRADLEY STOKE**
## **Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2021**
## **17. MOVEMENT IN FUNDS**
|**Unrestricted funds**
General fund
Fabric fund
Foundation fund
Youth work fund
**Restricted funds**
Caring/ sharing fund
Alpha fund
Youth worker fund
Coffee morning fund
**TOTAL FUNDS**
Net movement in funds, included in the above are
**Unrestricted funds**
General fund
Fabric fund
Foundation fund
Youth work fund
**Restricted funds**
Youth worker fund
Coffee morning fund
**TOTAL FUNDS**|as follows:
Incoming
resources
£
**138,619**
**-**
**-**
**-**
**138,619**
**900**
**285**
**1,185**
**139,804**|At 1.1.21
£
**73,039**
**15,504**
**7,928**
**5,600**
**102,071**
**1,477**
**46**
**21,304**
**4,419**
**27,246**
**129,317**
Resources
expended
£
**(77,336)**
**(1,123)**
**(2,249)**
**(162)**
**(80,870)**
**(3,479)**
**(131)**
**(3,610)**
**(84,480)**|Net
movement
At
in funds
31.12.21
£
£
**65,291**
**138,330**
**(1,123)**
**14,381**
**(2,249)**
**5,679**
**(162)**
**5,438**
**61,757**
**163,828**
**-**
**1,477**
**-**
**46**
**(2,579)**
**18,725**
**154**
**4,573**
**(2,425)**
**24,821**
**59,332**
**188,649**
Gains and
Movement
losses
in funds
£
£
**4,008**
**65,291**
**-**
**(1,123)**
**-**
**(2,249)**
**-**
**(162)**
**4,008**
**61,757**
**-**
**(2,579)**
**-**
**154**
**-**
**(2,425)**
**4,008**
**59,332**|
|---|---|---|---|
continued...
Page 14
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BRADLEY STOKE**
## **Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2021**
## **17. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|**Unrestricted funds**
General fund
Fabric fund
Foundation fund
Youth work fund
**Restricted funds**
Caring/ sharing fund
Alpha fund
Youth worker fund
Coffee morning fund
**TOTAL FUNDS**|At 1.1.20
£
79,668
15,504
7,928
6,000
109,100
1,507
46
13,010
4,497
19,060
128,160|Net
movement
in funds
£
(6,629)
-
-
(40)
(6,669)
(30)
-
7,934
(78)
7,826
1,157|Transfers
between
funds
£
-
-
-
(360)
(360)
-
-
360
-
360
-|At
31.12.20
£
73,039
15,504
7,928
5,600|
|---|---|---|---|---|
|||||102,071
1,477
46
21,304
4,419|
|||||27,246|
|||||129,317|
Comparative net movement in funds, included in the above are as follows:
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|59,409|(66,038)|(6,629)|
|Youth work fund|-|(40)|(40)|
||59,409|(66,078)|(6,669)|
|**Restricted funds**||||
|Caring/ sharing fund|-|(30)|(30)|
|Youth worker fund|13,742|(5,808)|7,934|
|Coffee morning fund|-|(78)|(78)|
||13,742|(5,916)|7,826|
|**TOTAL FUNDS**|73,151|(71,994)|1,157|
continued...
Page 15
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BRADLEY STOKE**
## **Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2021**
## **17. MOVEMENT IN FUNDS - continued**
## **Comparative analysis of net assets between funds, are as follows:**
|Fund balances as at 31 December 2020
Unrestricted
Restricted|Fund balances as at 31 December 2020
Unrestricted
Restricted|Fund balances as at 31 December 2020
Unrestricted
Restricted|Total|
|---|---|---|---|
||funds|funds|funds|
||£|£|£|
|Current assets|104,158|27,246|131,404|
|Current liabilities|(2,087)
|-|(2,087)|
|||||
|||||
|**Total net assets**|102,071|27,246|129,317|
|||||
## **Caring/ sharing fund (restricted)**
This fund is restricted for pastoral care purposes.
## **Alpha fund (restricted)**
This fund is restricted for funding Alpha courses.
## **Youth worker fund (restricted)**
This fund is restricted for funding for youth worker position.
## **Coffee morning fund (restricted)**
This fund is restricted for expenditure on coffee mornings.
## **18. EMPLOYEE BENEFIT OBLIGATIONS**
During the year, the charity paid into a defined contribution pension scheme. The total for the year of £526 (2020: £520) is included within expenditure in the Statement of Financial Activities.
There were no outstanding charity contributions (2020: £Nil) as at 31 December 2021.
## **19. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 December 2021.
Page 16
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BRADLEY STOKE**
## **Detailed Statement of Financial Activities FOR THE YEAR ENDED 31 DECEMBER 2021**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Standing orders
Church collections
Other giving
Legacies
Gift aid tax refunds
**Other trading activities**
Church lettings
**Investment income**
Deposit account interest
**Charitable activities**
Diocese fees
Fees for the DCC
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Wages
Social security
Pensions
Clergy expenses
Church running expenses
Diocese fees
Parish share
Church mission and social events
Church administration
Youth work
Other expenses
Grants to institutions|2021
£
**36,538**
**1,304**
**8,834**
**71,235**
**9,486**
**127,397**
**12,156**
**31**
**-**
**220**
**220**
**139,804**
**24,123**
**62**
**526**
**-**
**13,071**
**-**
**35,000**
**376**
**1,241**
**3,479**
**870**
**3,300**
**82,048**|2020
£
35,388
537
16,729
2,013
8,956|
|---|---|---|
|||63,623
9,033
175
271
49|
|||320|
|||73,151
17,796
-
520
1,029
9,350
255
30,000
171
962
5,808
1,657
2,282|
|||69,830|
This page does not form part of the statutory financial statements
Page 17
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BRADLEY STOKE**
## **Detailed Statement of Financial Activities FOR THE YEAR ENDED 31 DECEMBER 2021**
|**Support costs**
**Finance**
Bank charges
**Governance costs**
Examiner's remuneration for independent
examination and accounts preparation
Total resources expended
**Net income**|2021
£
**111**
**2,321**
**84,480**
**55,324**|2020
£
164
2,000|
|---|---|---|
|||71,994|
|||1,157|
This page does not form part of the statutory financial statements
Page 18