Church of St Mary the Virgin, Fen Ditton
2021 ACCOUNTS AT A GLANCE
Commentary on 2021 Fen Ditton PCC Accounts
In 2021 income and payments were £47,235 and £32,648 respectively, leaving a surplus of £14,588 for the year. The income in the year included a number of exceptional payments, the use of which was limited to certain defined purposes, and the unrestricted income and payments were £32,516 and £30,636 respectively, leaving a surplus in the unrestricted funds of £1,881.
At 31[st] Dec 2021, the unrestricted funds stood at £14,334 and the sum of restricted funds stood at £96,747 (fabric fund, including specific allocations: £58,281).
2021 continued to be a challenging year for normal activities in the church with lockdowns and restricted use. Similarly, to 2020, this caused a significant reduction in our service collection income to £2232 (£1,500 in 2020, £6,000 in 2019). Income from church events such as weddings was healthier at £3,888 (compared to £1,200 in 2020 and £4,000 in 2019).
Planned giving fell from £17,207 in 2020 to £15,374, with a reduction of the number of standing orders by one, but the members of the Parish Giving Scheme increasing by 1. Events were significantly below recent years at £804 (2020: £3,200). We also received two bequests in the year totalling £6,069, of which £5000 was unrestricted and a welcome boost to the unrestricted funds. The PCC also received a substantial transfer in of funds (£13,719) from the old Church Trust which will be held in by the PCC solely for the purposes of paying the insurance as agreed with the Trust.
The Parish Share was in line with the prior year at £22,993 (2020: £23,007). Church running costs including utilities and insurance maintained the low rate during the pandemic due to reduced music costs at £7,116 (2020: £7,303). Building maintenance costs for the year were in line with prior years at £1,859 (2020: £1,745) and entirely made up of routine maintenance costs.
The pandemic has caused significant disruption to the usual functioning of the church denting usual income, but the financial position benefited significantly from bequests and the old Church Trust. Despite the surplus, we continue to run a structural deficit in that our normal income does not cover our normal outgoings and we require exceptional income to ensure we are in surplus.
Looking forward, there are several fabric projects that should be progressed in the year ahead including safe access to the church tower, roof remedial works, path improvements, as well as a potential contribution to the Parish Council for repair of the church wall (a Parish Council responsibility). This is like to require significant funding. It would also be great to restore the level of activity in events and weddings, as well as in-service giving that provide much needed income.
Sam Hyde (tr.fdchurch@gmail.com)
May 2022
St Mary the Virgin, Fen Ditton
Annual Financial Report for the year ended 31 December 2021
| Contents | Page No. | ||
|---|---|---|---|
| Church PCC General Account | Receipts | 2 | |
| Payments | 3 | ||
| Statement of Assets | 4 | ||
| Restricted Funds | 5 | ||
| Explanatory Notes | 6 to 7 | ||
| Independent Examiner's Report | 8 | ||
| Date of Report | 31 March 2022 | ||
| Treasurer | Dr S C W Hyde | Email: Tr.FDChurch@gmail.com | |
| Highfield House | Tel: 01223 527057 | ||
| 31 High Street, Fen Ditton | |||
| Cambridge CB5 8ST | |||
| Independent Examiner | Mr J F Wong | Email: jeremywong@btconnect.com | |
| 59 Bridle Way | Tel: 01223 840244 | ||
| Grantchester | |||
| Cambridge CB3 9NY | |||
| Bankers | Barclays Bank | CCLA | |
| 28 Chesterton Road | Senator House | ||
| Cambridge CB4 3VT | 85 Queen Victoria Street | ||
| London EC4 4ET |
Page 1
PCC General Fund
| PCC General Fund | ||||
|---|---|---|---|---|
| Receipts Notes Giving Planned giving Collection envelopes Standing order 1 Parish Giving Scheme + Stewardship 1 Gift day Collection open Tax recovered Good box Total giving before one-off sums Bequest and donations 2 Total giving Church activities Wedding Funeral Baptism Other Events & fund raise 3 Other Income Grants Transfer in 4 Reimbursement 5 Other Total Receipts |
Unrestricted (£) - 1,185.00 14,189.12 - 15,374.12 2,231.57 3,015.20 11.29 20,632.18 6,069.13 26,701.31 1,980.00 1,908.00 - - 3,888.00 804.64 - - 1,123.03 - 1,123.03 32,516.98 |
Restricted (£) - - - - - - - - - 1,000.00 1,000.00 - - - - - - - 13,718.50 - - 13,718.50 14,718.50 |
2021 (£) - 1,185.00 14,189.12 - 15,374.12 2,231.57 3,015.20 11.29 20,632.18 7,069.13 27,701.31 1,980.00 1,908.00 - - 3,888.00 804.64 - 13,718.50 1,123.03 - 14,841.53 47,235.48 |
2020 (£) - 2,190.00 15,016.96 - |
| 17,206.96 1,524.68 - - |
||||
| 18,731.64 | ||||
| 10,236.86 | ||||
| 28,968.50 | ||||
| 322.00 914.00 - - |
||||
| 1,236.00 3,159.48 - 10,601.32 244.21 - |
||||
| 10,845.53 | ||||
| 44,209.51 |
Page 2
PCC General Fund
| PCC General Fund | |||
|---|---|---|---|
| Payments Notes Ministry costs Parish share 6 Diocese Fee 7 Ministerial expenses Church running expenses Utilities Bank charges Flowers Choir music Organ service Audit/legal Petty Cash Church supplies Music/Organist Insurance Officiating Other 8 Building maintenance Routine 9 Non-routine 10 Event expenses 11 Memberships Concerts/fairs Printing Other Charitable donations 12 Other Legal and commercial Refunds Transfers out Total Payments Surplus / (Shortfall) for the Year |
Unrestricted (£) 22,992.82 - - 22,992.82 3,113.93 3.96 - - 130.00 250.00 - 25.00 80.00 3,207.79 - 305.40 7,116.08 492.00 - 492.00 - - - - - 35.00 - - - 30,635.90 1,881.08 |
Restricted (£) - - - - - - - - - - - - - 644.30 - - 644.30 1,367.48 - 1,367.48 - - - - - - - - - 2,011.78 12,706.72 |
2021 2020 (£) (£) 22,992.82 23,007.21 - - - 1,001.13 |
| 22,992.82 24,008.34 3,113.93 1,822.23 3.96 2.97 - - - 194.28 130.00 - 250.00 240.00 - 611.51 25.00 152.84 80.00 480.00 3,852.09 3,798.72 - - 305.40 - |
|||
| 7,760.38 7,302.55 1,859.48 1,744.70 - - |
|||
| 1,859.48 1,744.70 - 50.00 - 295.00 - - - - |
|||
| - 345.00 35.00 1,070.00 - - - - - - |
|||
| 32,647.68 34,470.59 |
|||
| 14,587.80 9,738.92 |
Page 3
| PCC General Fund Statement of Assets Monetary Assets Current account CCLA deposit account Non-monetary Assets Reconcilliation Current account at 1 Jan 21 Excess of receipts over payments Current account at 31 Dec 21 CCLA deposit account at 1 Jan 21 Plus interest on deposit account Plus transfers from current account Less transfers into current account Deposit account at 31 Dec 21 |
Unrestricted (£) 14,334.32 |
Restricted (£) 96,747.46 |
As 31 December 2021 2020 (£) (£) 71,137.99 56,550.19 39,943.79 39,922.99 |
|---|---|---|---|
| 111,081.78 96,473.18 Nil Nil 56,550.19 14,587.80 71,137.99 39,922.99 20.80 - - 39,943.79 |
Page 4
PCC General Fund
Restricted Funds
| Fabric of church Choir Music Leprosy mission Flowers Vestments Insurance Gates and path Reordering of the Church |
At 1 Jan 21 58,648.92 1,038.74 834.49 306.02 254.56 1,760.30 - 10,596.39 10,601.32 84,040.74 |
Payments 1,367.48 - - - - - 644.30 - - 2,011.78 |
Receipts 1,000.00 - - - - - 13,718.50 - - 14,718.50 |
At 31 Dec 21 58,281.44 1,038.74 834.49 306.02 254.56 1,760.30 13,074.20 10,596.39 10,601.32 |
|---|---|---|---|---|
| 96,747.46 |
Page 5
PCC General Fund
Explanatory Notes
Note
| Note | |||
|---|---|---|---|
| Note 1 Planning Giving Number of standing orders Number in the Parish Giving Scheme and Stewardship Note 2 Bequests and Donations Unrestricted (£) Bequest from the Laurie Marsh estate 5,000.00 Bequest from the Elizabeth Bendall estate - Donation box and other donations 1,069.13 6,069.13 Note 3 Events and Fund Raising Concerts Dragon boat racing Bumps teas Fairs Easter card sale 5p 200 Club Coffee morning Easyfundrasing Other Note 4 Transfer in Monies received from the Fen Ditton Church Trust reserved for the purpose of paying the insurance of the Church Note 5 Reimbursement Utility provider refund |
Restricted (£) - 1,000.00 1,000.00 |
As 2021 5 14 2021 (£) 5,000.00 1,000.00 1,069.13 7,069.13 - 31.90 - 462.62 12.75 10.00 - 245.00 21.37 21.00 804.64 13,718.50 13,718.50 1,123.03 1,123.03 |
31 December 2020 6 13 2020 (£) |
| 10,236.61 1,006.53 - - 953.00 - 31.00 1,086.00 - 32.95 50.00 |
|||
| 3,159.48 - |
|||
| 10,601.32 | |||
| 244.21 |
Page 6
PCC General Fund
Explanatory Notes Cont.
| Note Note 6 Parish Share Parish Share paid in 2020 Parish Share due in 2021: £22,992.82 Monthly payments made 2021 Parish Share paid Note 7 Diocesan fees Note 8 Church running expenses - other Fison Faculty Note 9 Building Maintenance Routine Alarm annual fee Alarm service Rentokil Heater service Electrical testing Note 10 Building Maintenance Non-Routine None Note 11 Event Expenses None Note 12 Charitable Donations Donation to RBL - Remembrance Wreath (2020) |
2021 (£) 22,992.82 22,992.82 - - 305.40 305.40 181.20 415.20 771.08 492.00 - 1,859.48 - - - - 35.00 35.00 |
2020 (£) 23,007.21 |
|---|---|---|
| 23,007.21 - |
||
| - - |
||
| 175.20 345.60 721.34 502.56 - |
||
| 1,744.70 | ||
| 1,829.76 | ||
| 345.00 | ||
| 1,070.00 |
Page 7
Independent Examiner's Report to the Parochial Church Council of St Mary the Virgin Fen Ditton. I report on the accounts for the year ended 3 1st December 2021, whlch are set out on pages I to 7. Respectlve responslbllltles of the Trustees and Independent Examlner As trustees of the charity, the members of the PCC are responsible for the preparation of the accounts. They consider that an audit is not required for this year under section 144(2J ofthe Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to examine the accounts under section 145 of the 2011 Act,. follow the procedures laid down in the General Directions given by the Charity Commissioners section 145(5)(b) of the 2011 Act; and state whether particular matter5 have come to my attention. Basls of Independent Examlner's Statement My examination was carried out in accordance with the General Directions given by the Charity Commlssion. An examlnatlon 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 management committee concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in a full audiL and consequently I do not express an audit opinion on the accounts. Independent Examlner's statement In connectlon wlth my examlnatlon, no matters have come to my attention l. which give me reasonable cause to believe that in any matertal respect the requirements a. to keep accounting records in accordance with s.130 of the 2011 Act: or b. to prepare accounts which accord with these accounting records have not been met: or 2. to whlch, In my opinlon, attentlon should be drawn in order to enable a proper understanding of the accounts to be reached. Mr J F Won& 59 Bridle Way, Grantchester, Cambridge, CB3 9NY 20Apr 2022