PARISH
OF
BLURTON & DRESDEN PCC (Churches of St Bartholomew and St Alban)
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31st DECEMBER 2021
REGISTERED CHARITY NUMBER 1191827
PARISH
OF
BLURTON AND DRESDEN
(Churches of St Bartholomew and St Alban)
| Contents | Page |
|---|---|
| Trustees Annual Report | 1 |
| Independent Examiners Report | 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5-11 |
PARISH OF BLURTON AND DRESDEN (Churches of St Bartholomew and St Alban)
FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2021
| FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2021 |
||||
|---|---|---|---|---|
| STATEMENT OF FINANCIAL ACTIVITIES Note INCOMING RESOURCES INCOME AND ENDOWMENTS Donations and Legacies 2a Activities for generating funds 2b Income from investments 2c Church Activities 2d TOTAL RESOURCES EXPENDED Church Activities 3a Raising Funds 3b NET INCOMING RESOURCES TRANSFERS BETWEEN FUNDS NET MOVEMENT IN FUNDS Total funds brought forward Total funds carried forward |
Unrestricted Funds £ 49,082 37,467 22 9,174 95,745 72,688 - 72,688 23,057 23,057 26,630 49,687 |
Restricted Funds £ 29,894 - - - 29,894 37,003 - 37,003 7,109) ( 7,109) ( 689,246 682,137 |
TOTAL FUNDS 2020 Total £ £ 78,976 98,379 37,467 20,808 22 45 9,174 3,621 125,639 122,853 109,691 119,695 - - 109,691 119,695 15,948 3,158 - - 15,948 3,158 715,876 712,718 731,824 715,876 |
|
| 122,853 | ||||
| 119,695 - |
||||
| 119,695 | ||||
| 3,158 - |
||||
| 3,158 712,718 |
||||
| 715,876 |
C E Slater ACCA
Independently reviewed
3
PARISH OF BLURTON AND DRESDEN (Churches of St Bartholomew and St Alban)
BALANCE SHEET
AS AT 31 DECEMBER 2021
| Note FIXED ASSETS Fixed Assets 5 CURRENT ASSETS Stock Debtors Trade Debtors Tax Recoverable Prepayments Other Short Term Deposits Cash at Bank Cash In Hand CURRENT LIABILITIES (falling due within one year) 6 NET CURRENT ASSETS NET ASSETS Represented by: FUNDS Unrestricted Funds Restricted Funds |
£ £ £ £ 661,205 664,290 336 412 1,113 593 10,294 15,684 1,741 1,171 922 3,335 16,917 16,908 53,840 27,327 1,370 195 86,533 65,625 15,914 14,039 70,619 51,586 731,824 715,876 49,687 26,630 682,137 689,246 731,824 715,876 2021 2020 |
£ £ £ £ 661,205 664,290 336 412 1,113 593 10,294 15,684 1,741 1,171 922 3,335 16,917 16,908 53,840 27,327 1,370 195 86,533 65,625 15,914 14,039 70,619 51,586 731,824 715,876 49,687 26,630 682,137 689,246 731,824 715,876 2021 2020 |
|---|---|---|
| 86,533 15,914 |
||
| 715,876 | ||
| 26,630 689,246 |
||
| 715,876 |
Approved by the Parochial Church Council on 28 February 2022 and signed on its behalf by:
PCC Chairman
The attached notes form part of these financial statements.
C E Slater ACCA
Independently reviewed
4
PARISH OF BLURTON AND DRESDEN
(Churches of St Bartholomew and St Alban)
Notes to the Financial Statements For The Year Ended 31 December 2021
Accounting Policies
The PCC is a public benefit entity within the meaning of FRS 102. The financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individual accounts of PCCs, and with the Regulations' "true and fair view" provisions. They have also been prepared in accordance with the Charities SORP (FRS 102).
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body nor those that are informal gatherings of Church members.
Cashflow Statement
The Charity has taken advantage of the exemption in FRS102 from the requirement to produce a Cash flow statement on the grounds that the income does not exceed £500,000.
Going Concern
There are no material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern
Accounting Estimates and Prior Year Errors
No changes to accounting estimates have occurred in the reporting period. No material prior year errors have been identified in the reporting period.
Descripton of Funds
Unrestricted funds are income funds of the PCC that are available for spending on the general purposes of the PCC, including amounts designated by the PCC for fixed assets for its own use or for spending on a future project and which are therefore not included in its "free reserves" as disclosed in the trustees' annual report.
Restricted funds comprise of two elements :-
a) income from trusts or endowments which may be expended only on those restricted objects provided in the terms of the trust or bequest
b) donations or grants received for a specific object or invited by the PCC for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of each year must be carried forward as a balance on that fund. The PCC does not usually invest separately for each fund. Where there is no separate investment, interest is apportioned to individual funds on an average balance basis.
Endowment funds are restricted funds that must be retained as trust capital either permanently or subject to a discretionary power to spend capital as income, and where the use of any income or other benefit derived from the capital may be restricted or unrestricted. Full details of all their restrictions are shown in the notes to the accounts.
C E Slater ACCA
Independently reviewed
5
PARISH OF BLURTON AND DRESDEN (Churches of St Bartholomew and St Alban)
Notes to the Financial Statements For The Year Ended 31 December 2021
Accounting Policies continued
Income
Planned giving, collections and donations are recognised when received or when the PCC becomes entitled to the resource and the monetary value can be measured with sufficient reliability. Tax refunds are recognised when the incoming resource to which they relate is received. Grants and Legacies are accounted for when the PCC is legally entitled to the amounts due and the monetary value can be measured with sufficient reliability. Dividends are accounted for when receivable, interest is accrued. All other income is recognised when it is receivable. All incoming resources are accounted for gross.
Expenditure
Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding or constructive obligation on the PCC. The diocesan parish share is accounted for when due. Amounts received specifically for mission are dealt with as restricted funds. All other expenditure is generally recognised when it is incurred and is accounted for gross.
Governance and Support Costs
Support costs should be allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the PCC and its compliance with regulation and good practice.
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources eg by allocating staff costs by time spent and other costs by their usage.
Fixed Assets
Consecrated and benefice property is not included from the accounts by s.10(2)(a)&(C) of the Charities Act 2011.
Moveable church furnishings held by the Vicar and Churchwardens on special trust for the PCC and which require a faculty for disposal are inalienable property, listed in the Church’s inventory, which can be inspected (at any reasonable time). For anything acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the financial statements.
No depreciation is provided on buildings as the currently estimated residual value of the properties is not less than their carrying value and the remianing useful life of these assets exceeds 50 years, so that any depreciation charges would be immaterial.
Other tangible fixed assets are valued at cost. The depreciation rates and methods used are disclosed in note5.
Investments
Investments in quoted shares, traded bonds and similar investments are valued initially at cost and subsequently at market value at the year end. Investments held for re-sale are treated as current asset investments.
Debtors
Debtors are measured on initial recognition at settlement amoutn. Subsequently they are measured at cash expected to be received.
Creditors and Accruals
Creditors are measured at settlement amounts less any trade discounts. Accruals are measured on best estimate of the amount required to settle the obligation at the reporting date.
C E Slater ACCA
Independently reviewed
6
PARISH OF BLURTON AND DRESDEN
(Churches of St Bartholomew and St Alban)
Notes to the Financial Statements For The Year Ended 31 December 2021
| INCOME AND ENDOWMENTS 2 Donations and Legacies Voluntary Income Tax efficient planned giving 2a Other planned giving Collections at services All other giving and voluntary receipts including special appeals Gift Aid Recoverable Grants Charitable Activities Activities for Generating Funds 2b Lettings Pastoral services Community Cafe Income Printing Income Furlough scheme Income from Investments 2c Bank Interest Income from church activities 2d Statutory fees (retained by PCC) Fundraising activities |
Unrestricted Funds £ 16,590 9,912 2,114 12,354 8,112 - 49,082 16,214 2,400 9,958 - 8,895 37,467 22 22 7,518 1,656 9,174 |
Restricted Funds £ - - - - - 29,894 29,894 - - - - - - - - - - - |
Total Funds 2021 £ 16,590 9,912 2,114 12,354 8,112 29,894 78,976 16,214 2,400 9,958 - 8,895 37,467 22 22 7,518 1,656 9,174 |
Total Funds 2020 £ 15,720 5,724 1,672 10,570 7,085 57,608 |
|---|---|---|---|---|
| 98,379 | ||||
| 12,661 600 7,347 200 - |
||||
| 20,808 | ||||
| 45 | ||||
| 45 | ||||
| 3,230 391 |
||||
| 3,621 |
C E Slater ACCA
Independently reviewed
7
PARISH OF BLURTON AND DRESDEN (Churches of St Bartholomew and St Alban)
Notes to the Financial Statements For The Year Ended 31 December 2021
| EXPENDITURE 3 Raising Funds 3a Cost of generating income Charitable Activities 3b Church Activities Mission giving and donations Diocesan Parish share Salaries/Wages Salaries/Wages - St Albans Redundancy Clergy and staff expenses Volunteer expenses Church Expenses Church running expenses - St Bartholomew's St Alban's Church Expenses (Mission and Evangelism) Church utility bills - St Bartholomew's St Alban's Building and electrical repairs -St Albans Equipment Cost of trading Printing and stationery St Bartholomews St Albans Telephone Travelling I T Costs Audio/Visual Publicity Donations, gifts and parties Professional fees Miscellaneous Depreciation Major Capital Expenditure Oven St Albans |
Unrestricted Funds £ - - 2,768 25,892 2,521 19,423 2,907 1,044 - 3,516 978 296 1,288 746) ( 4,091 6,899 28 - 71 - 121 282 - 100 400 209 600 - 72,688 |
Restricted Funds £ - - - - - 13,394 - - - 2,754 3,910 - - 6,242 - 5,464 1,892 - 80 782 - - - - - - - 2,485 - 37,003 |
Total Funds 2021 £ - - 2,768 25,892 2,521 32,817 2,907 1,044 - 6,270 4,888 296 1,288 5,496 4,091 5,464 8,791 28 80 853 - 121 282 - 100 400 209 3,085 - 109,691 |
Total Funds 2020 £ - |
|---|---|---|---|---|
| - | ||||
| 3,000 34,359 7,278 32,404 - 847 20 3,816 4,518 259 3,076 10,569 - - 8,159 191 99 891 40 277 - 150 - 500 319 3,086 5,837 |
||||
| 119,695 |
C E Slater ACCA
Independently reviewed
8
PARISH OF BLURTON AND DRESDEN
(Churches of St Bartholomew and St Alban)
Notes to the Financial Statements For The Year Ended 31 December 2021
| **4a ** | Staff Costs | 2021 | 2020 | |
|---|---|---|---|---|
| Salaries | £35,338 | £39,682 | ||
| Average number of emloyees | 5 | 4 |
During the year the PCC employed an organist, verger, cleaner, centre manager, chef and accountant
4b PCC Costs
Mrs V Mountford, a member of the PCC, received a salary of £9,047 (2020: £8,011). Mrs J Robinson, a member of the PCC, received a salary of £260, (2020: £2,760.) R Winn, a member of the PCC, received a salary including redundancy of £1,104 (2020: £2,100) Mr S Kus a member of the PCC received a salary of £8,863 (2020 £8,755) Mrs E Pearce, a member of the PCC received a salary of £16,773 (2020 £16,497)
5a Fixed Assets
| At Cost or Valuation At 1 January 2021 Additions At 31 December 2021 Depreciation At 1 January 2021 Depreciation for the Year At 31 December 2021 Net Book Value 31 December 2021 31 December 2020 |
Development Community Community Furniture, of St Alban's Centre Kitchen Centre Fittings and Property Assets Equipment Assets Equipment Total Restricted Restricted Restricted Unrestricted Unrestricted £ £ £ £ £ 658,829 9,943 25,001 6,009 17,529 717,311 - - |
|---|---|
| 658,829 9,943 25,001 6,009 17,529 717,311 |
|
| - 7,458 25,001 3,033 17,529 53,021 - 2,485 - 600 - 3,085 |
|
| - 9,943 25,001 3,633 17,529 56,106 |
|
| 658,829 - - 2,376 - 661,205 |
|
| 658,829 2,485 - 2,976 - 664,290 |
9
C E Slater ACCA
Independently reviewed
PARISH OF BLURTON AND DRESDEN (Churches of St Bartholomew and St Alban)
Notes to the Financial Statements For The Year Ended 31 December 2021
| 6 Liabilities Amounts falling due in one year All unrestricted Accruals Taxation and Social Security Creditors |
2021 2020 £ £ 1,698 1,339 148 195 14,068 12,505 |
|---|---|
| 15,914 14,039 |
7 Analysis of Net Asset by Fund
| Unrestricted Funds General Fund St Alban's Community Centre Restricted Funds Building St Alban's Development: Coalfields The BIG Lottery Co-op Church Urban Staffordshire Environmental Trust St Modwen Trust S-O-T City Council St Alban's development fund general Grant - Lichfield Diocese Graveyard Children's Work Youth Work Social Survey The National Lottery - Activity Coordinator Big Lottery - Covid 19 Family & Community Big lottery - Covid 19 Recovery TOTAL |
Fixed Deposits Total Assets Stocks Debtors & Bank Creditors Funds £ £ £ £ £ £ 8,443 36 13,188 26,817 15,766) ( 32,718 2,376 300 882 13,559 148 ) ( 16,969 |
|---|---|
| 10,819 336 14,070 40,376 15,914 ) ( 49,687 |
|
| - - - 4,637 - 4,637 95,200 - - - - 95,200 433,000 - - - - 433,000 30,000 - - - - 30,000 10,000 - - - - 10,000 29,973 - - - - 29,973 25,000 - - - - 25,000 25,000 - - - - 25,000 2,213 - - - - 2,213 - - 116 - 116 - - - 2,333 - 2,333 - - - 380 - 380 - - - 3,457 - 3,457 - - - 25 - 25 - - - 14,408 - 14,408 - - - 3,843 - 3,843 - - - 2,552 - 2,552 |
|
| 650,386 - - 31,751 - 682,137 |
|
| 661,205 336 14,070 72,127 15,914) ( 731,824 |
10
C E Slater ACCA
Independently reviewed
PARISH OF BLURTON AND DRESDEN (Churches of St Bartholomew and St Alban)
Notes to the Financial Statements For The Year Ended 31 December 2021
8 Movement in Funds
Unrestricted Funds
| General Fund St Alban's Community Centre Restricted Funds Building St Alban's Development: Coalfields The BIG Lottery Co-op Church Urban Staffordshire Environmental Trust St Modwen Trust S-O-T City Council St Alban's development fund Grant - Lichfield Diocese Graveyard Children's Work Youth Work Social Survey The Baily Thomas Charitable Fund The National Lottery Community Fund Lobby doors The National Lottery - Activity Coordinator Camera Big Lottery - Covid 19 Family & Community S-O-T Council - Gentle exercise Big lottery - Covid 19 Recovery TOTAL |
At 1st January £ 17,960 8,670 26,630 7,391 95,200 433,000 30,000 10,000 29,973 25,000 25,000 2,213 116 2,333 380 3,457 25 - 2,485 9,129 - 13,544 - - 689,246 715,876 |
Incoming Resources £ 55,979 39,766 95,745 - - - - - - - - - - - - - - - - 7,277 - - 2,361 20,256 29,894 125,639 |
Resources Expended £ 41,221) ( 31,467 ) ( 72,688 ) ( 2,754 ) ( - - - - - - - - - - - - - - 2,485 ) ( 1,998 ) ( - 9,701 ) ( 2,361 ) ( 17,704 ) ( 37,003 ) ( 109,691 ) ( |
Transfer - - |
At 31st December £ 32,718 16,969 |
|---|---|---|---|---|---|
| - | 49,687 | ||||
| - - - - - - - - - - - - - - - - - - - - - - - |
4,637 - 95,200 433,000 30,000 10,000 29,973 25,000 25,000 2,213 116 2,333 380 3,457 25 - - 14,408 - 3,843 - 2,552 |
||||
| 682,137 | |||||
| 731,824 |
C E Slater ACCA
Independently reviewed
11
PARISH OF BLURTON AND DRESDEN (Churches of St Bartholomew and St Alban)
FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2021
| STATEMENT OF FINANCIAL ACTIVITIES COMPARATIVES Unrestricted Note Funds £ InCOMING RESOURCES INCOME AND ENDOWMENTS Donations and Legacies 2a 51,238 Activities for generating funds 2b 20,808 Income from investments 2c 45 Church Activities 2d 3,621 TOTAL 75,712 RESOURCES EXPENDED Church Activities 3a 88,078 Raising Funds 3b - 88,078 NET INCOMING RESOURCES 12,366) ( TRANSFERS BETWEEN FUNDS NET MOVEMENT IN FUNDS 12,366) ( Total funds brought forward 38,996 Total funds carried forward 26,630 |
Restricted Funds £ 47,141 - - - 47,141 31,617 - 31,617 15,524 15,524 673,722 689,246 |
TOTAL FUNDS 2020 2019 Total £ £ 98,379 52,098 20,808 65,203 45 123 3,621 15,870 122,853 133,294 119,695 140,460 - - 119,695 140,460 3,158 7,166) ( - - 3,158 7,166) ( 712,718 719,884 715,876 712,718 |
TOTAL FUNDS 2020 2019 Total £ £ 98,379 52,098 20,808 65,203 45 123 3,621 15,870 122,853 133,294 119,695 140,460 - - 119,695 140,460 3,158 7,166) ( - - 3,158 7,166) ( 712,718 719,884 715,876 712,718 |
|---|---|---|---|
| 133,294 | |||
| 140,460 - |
|||
| 140,460 | |||
| 7,166) ( - |
|||
| 7,166) ( 719,884 |
|||
| 712,718 |
C E Slater ACCA
Independently reviewed
12