The Parochial Church Council of
The Parish of St Neots with Eynesbury
ANNUAL REPORT AND ACCOUNTS FOR THE PERIOD 1 JANUARY TO 31 DECEMBER 2022
Registered Charity Number: 1195248
INFORMATION PAGE
Correspondence address
Rector
Bankers
Independent Examiner
The Parish Office 29, Church Street St Neots Cambridgeshire PE19 2BU Revd Paul Hutchinson The Rectory 29 Church Street St Neots Cambridgeshire PE19 2BU Barclays Bank Plc 41 High Street St Neots Cambridgeshire PE19 1AS The CBF Church of England Funds, Senator House, 85 Queen Victoria Street, London, EC4V 4ET
David S Jones FCA
ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL FOR THE PERIOD ENDING 31 December 2022
Administrative Information
The Parish of St Neots with Eynesbury, part of the Diocese of Ely within the Church of England, was formed on 1st March 2020 by a Pastoral Scheme dated 11th February 2020 ('the Scheme'). It comprises the entirety of the former ecclesiastical parishes of St Neots (a charity formerly registered with the Charity Commission under number 1132445) and Eynesbury (an excepted charity). It has two parish churches: St Neots Parish Church (St. Mary’s) is located in Church Street, and St Mary's Eynesbury is located in Berkley Street. Both historic churchyards have long been closed to new burials (apart from interment of cremated remains in designated areas), and the primary responsibility for their maintenance rests with St Neots Town Council.
The correspondence address is The Parish Office, 29 Church Street, St Neots, Cambridgeshire, PE19 2BU. The Parochial Church Council (PCC) of the new parish was registered with the Charity Commission in 2021 under number 1195248.
PCC members who have served during the period are as follows:
Incumbent (Rector): Revd Paul Hutchinson (ex officio) Loves Farm Community Chaplain: Revd Helene Tame (ex officio) Curates: Revd Ann Williams (ex officio, term ending 7th January 2023) Revd William Lyon Tupman (ex officio) Churchwardens: Appointed Annually Mr Tony Hopwood Mrs Christine Miles Mrs Jacquelyn Isaac Vacancy Representatives on the Deanery Synod (term expiry 2023): Mrs Catherina Griffiths (PCC Secretary) Dr Peter Raggatt Mr Tony Hopwood
Elected Members (with current term expiry date):
Mrs Joanne Bowers (to 3rd April 2022) Mr David Read (2024) Mrs Catherine Weaver (to 3rd April 2022) Mrs Angela Robertson (2024) Mr Philip Barrett (2023) Ms Tara Skey (2024) Mr Ron Watkins (2023) Dr Gabriel Amable (2025) Mrs Valerie Freeman (2023) Mrs Helen Bloxham (2025) Mrs Christian Laughton (2023) Mr Andrew Isaac (2025) Mrs Carol Way (2023) Mr Stephen Gill (2025) Mrs Lynn Burnell (2024) Mr Godfrey Wilson (2025) Mrs Judith McAteer (2024)
Structure, Governance and Management
The PCC is a body corporate under the PCC Powers Measure 1956. The appointment of PCC members is set out in the Churchwardens Measure 2001 and the Church Representation Rules 2022. All church attenders are encouraged to register on the Electoral Roll and stand for election to the PCC.
The PCC has the responsibility, with the Rector (its Chair), of promoting in the ecclesiastical parish the whole mission of the Church, pastoral, evangelical, social and ecumenical. It also has maintenance responsibility for the St Neots Parish Church Rooms. When planning the activities for the year, the Rector and the PCC have considered the Charity Commission’s guidance on public benefit and the specific guidance on charities for the advancement of religion.
Risk Management
PCC members, as trustees, acknowledge their duty to identify and review the risks to which the charity and its users are exposed, and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. Harmonisation of Maintenance, Health and Safety, Fire Risk, anti-theft measures and financial controls have continued. Tony Hopwood has continued as Treasurer. Increasingly the Parish receives money by online means (including the Parish Giving Scheme). The PCC is assisted by a Stewardship Recorder/Gift Aid Officer who managed the collection and banking of St Neots cash. Church room rentals are controlled and collected by the Parish Office (run by the Operations Manager). Bookkeeping and accounts are maintained by the PCC Treasurer in consultation with an external accountant. Cheques require two authorised signatories and online transactions two authorisations.
Disability Access
Level access into both churches is available via the North doors, hearing loop systems are in regular use; large print hymnbooks, service booklets and notice sheets are available; there are toilets suitable for disabled people in St Neots Church Rooms (the one in Eynesbury Church is unsuitable for wheelchair users).
Safeguarding Policy and Procedures
The PCC is committed to safeguarding all those who attend worship and the other activities that they offer. They take due regard of the House of Bishops' guidance on Safeguarding Children and Vulnerable Adults, in particular in the documents ‘Promoting a Safer Church', and 'The Parish Safeguarding Handbook (2018)', and having adopted the recommended parish policy on inception, reaffirmed the policy in 2021. The Parish also adopted a policy for the recruitment of ex-offenders in 2021. The PCC seeks to create a culture where everyone is included, respected, listened to, and taken seriously: Safeguarding is a standing item at every PCC meeting, and reports are received in person from the Safeguarding Officer at approximately half-yearly intervals, in addition to matters arising from regular reviews of the Parish Safeguarding Dashboard. The PCC accepts the prime duty of care for children and vulnerable adults; and have appointed a parish safeguarding officer to ensure that what they do is informed by up-to-date policies and procedures from local and national authorities. During 2022, Mr Tony Murfin retired from the role of safeguarding officer, and Mrs Ann Barnsley was appointed as his successor. No reports have been received in the year of any incidents of concern.
Personnel
A full-time Operations Manager (a pre-existing member of the PCC) was appointed in 2020 after competitive interview as part of the Diocese of Ely’s Changing Market Towns initiative, and continues in post. During 2021, a full-time Youth Missioner was appointed (working both on parish matters and as part of Love’s Farm Church) as part of the same initiative. In late 2022, that postholder entered maternity leave. After a delay of many months because of a ‘reset’ in Changing Market Towns, it was again not possible to appoint a Children’s and Families’ Missioner during the year: other strategies have been considered for 2023. Another PCC member is paid for some hours’ cleaning work each week in connection with the Church Rooms. The organist (not a PCC member) receives an honorarium.
Electoral Roll
At the 2022 Annual Meeting the Electoral Roll contained 237 names
PCC Meetings
Not including the meeting to appoint officers that immediately followed the 2022 Annual Meetings, the PCC met in person on eight occasions, without any additional use of internet meeting technology. In addition to standing items, major topics under discussion have included the relationship with Changing Market Towns, work towards a major reordering of St Neots Parish Church to deal with a wide range of issues (including environmental concerns), events to welcome visitors and civic representatives to both churches, the winter Warm Spaces initiative, developments in the use of the Church Rooms, nomination of school governors, regular reports from the Operations Manager and Youth Missioner and about our children’s activities, membership of Inclusive Church, commissioning of new ciboria and altar frontals, assessing what might remain of Covid-19 precautions, establishing renewed patterns for Lent and Holy Week, and receiving reports from Deanery and Diocesan Synods (including about the Diocesanled Deanery Planning process that continues into 2023).
Significant Activities: Worship, study, prayer, mission, evangelism, ecumenism.
2022 began with some Covid-nervousness, following lower attendances at Christmas 2021 in the face of the Omicron variant. But the year saw a return to some normality, albeit a normality changed by the experience of recent years, trying to re-establish what might be ‘usual’ in a parish that had been amalgamated since the previous ‘normal’ year, in a nation also dealing with a Platinum Jubilee and the death of the Monarch. Weekly online services via Facebook continued until August (a run of almost 2½ years); online reflections by the Revd Margaret Marshall were broadcast there and on YouTube in Lent. We also used social media videos to draw attention to tower openings and significant bellringing during the year, but as the year unfolded, social media activity reverted mostly to non-video posts.
The new normal pattern of services settled in: three Sunday morning eucharists, three weekday eucharists and weekly Play Church; twice-monthly Little Saints, monthly Sunday Teatime Praise, Saturday informal eucharist (connected with Saturday Social in the Church Rooms – which specially though not exclusively serves those who live alone), weekday evening healing eucharists, Mothers’ Union meetings, and (in most months) an evening Choral Service, as well as seasonal Messy Church. Regular services (some eucharistic, some not) continued from their 2021 restarts at Old Vicarage, Poppyfields, and Old Market Court (as well as with church members at Cavendish Court and other home communions). Average attendance on a Usual Sunday in 2022 has been 89 adults and 7 children (rather lower than before lockdown – in line with national trends – but also explained in part by the removal of Loves Farm figures and a closer attention to the removal of double counting).
Beyond the normal annual round of special services – Holy Week, All Souls, Remembrance (a full church at St Neots), Advent and Christmas – there have been a substantial number of special services this year: the Mayor’s Civic Service; services for an installation of the Grandparents’ Quilt, for the Jubilee and on the eve of the Queen’s funeral; St Neot’s Day; a special café-style service at St Neots for Harvest; Fr Will Lyon Tupman’s ordination as priest at Ely and first eucharist here; Fr Melvyn Barnsley’s 50[th] anniversary of priesting. The latter was also the occasion of one of the choir’s joint evening services with a visiting choir (from Stevenage, others being from St John’s Hills Road, and Christ Church, St Leonards on Sea – we continue joint relationships with both the latter). In addition to an organ recital series in the summer, and a round of concerts organised by the parish and by the Friends organisation through the year, we also once again hosted the junior choir from the cathedral at Fürstenwalde, east of Berlin: after singing at both churches on their last day here, they sang evensong at Bury St Edmunds accompanied by our organist on their route home. At the end of the year, we learnt of the Revd Ann Williams’ impending move to Ely to take charge of St Peters: her farewell service was on 7[th] January 2023.
Sadly, the pipe organ at Eynesbury is not currently usable. We have given some thought to how this may be addressed, though without a clearly identified way forward: in the meantime, the vintage electronic instrument there continues for now to provide reliable service (and our organist is to be thanked for playing there as well as at St Neots). St Neots bells are rung most Fridays and Sundays, as well as for occasional special events, peals and quarter-peals, and their sound is a much-appreciated feature of community life. Eynesbury’s bells – though a historic asset of the town – are rung much less frequently, due to a shortage of ringers (which also affects how often the full ring is heard at St Neots): the four occasions on which they were heard did included fully muffled ringing for the Queen’s funeral (as at St Neots).
Eynesbury Church has held occasional coffee mornings and (on a notably hot day) a summer Strawberry tea; St Neots church both remains open daily for prayer and visitors, and has held two successful tower and church open days (with hundreds of visitors at each) in early June and late July, together with a living history festival that coincided with the period of mourning for the Queen, and many visitors to sign the Book of Condolence. This period of mourning was one of the occasions in the year when we were immensely grateful for the co-operative spirit in which relations with the Town Council are conducted: we have appreciated both their care on the maintenance of the two churchyards, and their help with clearing work in the gravedigger’s hut at St Neots. Although progress has been much delayed, we look forward to seeing the necessary work carried out on St Neots churchyard wall in the near future.
Churches Together in St Neots, and the ministers of St Neots churches, were able to meet in person, and although the traditional ecumenical acts of worship did not take place in 2022, the Rector was able to allocate time to attend Sunday worship in the autumn at the United Reformed and Methodist churches.
St Neots Church Rooms continue to be available for many town organisations, as well as parish social events: we look forward to the further planned building works soon. We continue to use Eynesbury Room for a variety of small church meetings (including cross-parish groups) and other lettings.
The Messenger magazine has continued throughout the year, and editorship has been passed from Revd Ann Williams (with thanks for her many years’ service) to Izzy Doran in 2023. Mothers’ Union members continue to be able to contribute to significant social action projects. Church members who were able to do so continued to contribute to the work of the churches through the Food Bank, Community Debt Advice, Thursday Food (now meeting at Berkley Street Methodist Church) and a range of voluntary activities by Churches Together and a wider community of goodwill (including in this year those who have welcomed refugees from Ukraine, and kept vigil for that country in the Market Square), in addition to the many ways that members kept in touch with each other and with neighbours in need.
Ministers continue to conduct funerals both in the churches and at local crematoria and cemeteries: the aggregate of all types of service of 34 is close to the average of years since 2017, but lower than the average of 40 in the five years 2012-6. Other occasional offices were still reduced on pre-lockdown figures: 23 baptisms and 9 weddings were larger figures than 2021 (including some catch-up from lockdown postponement), and very close to 2019, but smaller than the averages of 40:10 in 2016-8 and 51:16 in 2012-5. As a traditional form of outreach, this trend is of some concern – but we will continue to work at building our presence in the wider community.
Relationships with local schools have begun to flourish again. Our clergy are in our both our church schools in some way every week, Eynesbury School have adopted a pattern of three visits to church for worship each term, School Eucharists have been twice termly at St Mary’s, and school curriculum visits to church have also drawn in both Priory Schools, Roundhouse/Wintringham (helped by the Revd Helene Tame) and (at Eynesbury) Samuel Pepys. Christmas services suffered some cancellations because of weather, but we were still able to welcome one of the town’s nurseries. We look forward to further growth in this area in 2023. Church members continue to play a major role in the governance of both our church schools. As Eynesbury School’s IEB handed responsibility back to the Governing Body at the end of 2021, the Rector resumed his ex-officio foundation governor role there, and another PCC member was appointed to the other foundation place in the autumn. In 2022, the Revd Ann Williams stepped into the Rector’s place on the DEMAT local governing body at St Mary’s (alongside several other church members, and we were pleased to welcome a new one at the end of the year), though the Rector has resumed that place in 2023
Our thanks go to all the clergy who have exercised ministry here during the year – not only those mentioned above, but also Revds Robert Sibson, Roger Henthorne, and Ken Anderson – and to our continuing Authorised Lay Minister Catherina Griffiths and retired Deaconess Mavis Hinde. Other lay members of the Church have committed many hours to the work described above, to prayer and study, and to other social events and activities; and they too – along with our Changing Market Towns workers - are thanked: a church community flourishes through the activity and shared responsibility of its laity.
Stewardship and Finance
This is the account for the year ended 31st December 2022. During this year we have continued to use the Xero accounts system, with day to day banking through Barclays.
Stewardship has reduced somewhat from £12,548 to £10,894 whilst the Parish Giving Scheme has been mainly maintained during the year. Open Plate donations are up from £5,376 to £7,275. Overall there has been a very marginal increase in income from these sources compared to 2021, which reflected the reduced income due to Covid. Church Room income has reduced from £10,762 to £7,470 although the 2021 figure included a donation from Huntingdon District Council of £6,000.
The PCC has incurred expenditure of £120,653 in supporting the objectives of the PCC. The largest element of this is the payment of £57,379 in respect of Ministry Share.
The PCC has reserves which are held on deposit in the CBF Church of England Deposit Fund and the CBF Church of England Investment Fund, together with some reserves held in the Barclays accounts.
It is the PCC's policy to maintain reserves so that it can meet immediate expenditure and to pay for future major expenditure including that arising from future quinquennial reviews in order to maintain the churches, work on the church bells and other improvements to the church.
Approved by the Parochial Church Council on
and signed on its behalf by:
Revd A. Paul Hutchinson Rector and Chair of the PCC
Mr Anthony P. Hopwood, Treasurer
RESPONSIBILITIES OF THE MEMBERS OF THE PCC
The Charities Act 2011 requires the members of the PCC to prepare accounts for each financial year which give a true and fair view of the state of affairs of the PCC and of the incoming resources and application of resources of the PCC for that period.
In preparing those accounts, the members of the PCC are required to:
-
select suitable accounting policies and then apply them consistently;
-
make judgements and estimates that are reasonable and prudent;
-
follow applicable accounting standards, subject to any material departures disclosed and explained in the accounts;
-
prepare the accounts on the going concern basis unless it is inappropriate to presume that the PCC will continue as a going concern
The members of the PCC are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the PCC and to enable them to ensure that the accounts comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the PCC and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
INDEPENDENT EXAMINER'S REPORT TOTHE MEMBERSOF THE PAROCHIAL CHURCH COUNCILOF THE PARISH OF ST NEOTS WITH EYNESBURY I report on the accounts of The Parochlal Church Councll of the Parish of Sl Neots wlth Eynesbury I'the charity'l for the period January 1st 2022 to December 31st 2022. RÈspe¢tive responsibilrtles of trustees and examiner The charity's trustees are responslble for the preparation of the accounts. The charl$ trustees consider that an audlt is not required for this year undÈr section 144121 of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my re5pon5ibility to.. examine the accounts under section 145 of the 2011 Act,. to follow the procedures laid down l)) the General Directions given by the Charltv Commlssloner under section 14515llbl of the 2011 Act,. and to state whether particular matters have come to my attention. Basls of independent eMamSnerfs report My examination was carrièd out in accordance with the Genèral Direction5 8iven by the Charity Cornmi55ioner. An examination include5 a review of the accounting records kept by the charity and comparison of the account5 presented wilh those records. It a150 includes consideration of any unusual items or dlsclosures in the accounts, and the seekir¥g of explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evideri¢e that would be required in an audit and, con5equenrly no opinion is given as to whether the accounts present a 'true and falr vlew. and the report Is Ilmited to those matters set out In the staternent below. Independent examlnerfs statement In connection with my examination. no matter has come to my attention.. •which Bives me reasonable cause to believe that, in any material respect. the requirements.. lal to keep aceountsn8 records Sn accordance with section 130 of the 2011 Act., and Ibl to prepare accounts whl¢h accord with the accountln8 record5 and to complv with the accountlng requirements of the 2011 Act have not been met,. or •to which. in my opinion, attention should be drawn in older to enable a proper und@rstandin8 of the accounts to be reached. Independent examiner
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 22
| Unrestricted | Restricted | Endowment | TOTAL | FUNDS | ||
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | 2022 | 2021 | ||
| Note | £ | £ | £ | £ | £ | |
| INCOMING RESOURCES | ||||||
| Voluntary income | 2a | 100,650 | 52,010 | 152,660 | 251,536 | |
| Activities for generating funds | 2b | 7,470 | - | 7,470 | 10,762 | |
| Income from investments | 2c | 3,918 | 98 | 4,016 | 1,719 | |
| Income from church activities | 2d | 21,805 | 3,050 | 24,855 | 16,432 | |
| TOTAL INCOMING RESOURCES | 133,843 | 55,158 | - | 189,001 | 280,449 | |
| RESOURCES EXPENDED | ||||||
| Church activities | 3a | 113,677 | 9,312 | 122,989 | 108,320 | |
| Governance costs | 3b | 6,976 | 6,976 | 5,124 | ||
| TOTAL RESOURCES EXPENDED | 120,653 | 9,312 | - | 129,965 | 113,444 | |
| NET INCOMING/EXPENDED RESOURCES | ||||||
| BEFORE OTHER RECOGNISED GAINS | 13,190 | 45,846 | - | 59,036 | 167,005 | |
| AND LOSSES | ||||||
| Gains/losses on investment assets | ||||||
| unrealised | 5b | (3,952) | (3,567) | (7,519) | 8,000 | |
| NET MOVEMENT IN FUNDS | 9,238 | 42,279 | - | 51,517 | 175,005 | |
| Transfer between funds | 6 | 0 | 0 | - | 0 | 0 |
| NET MOVEMENT IN FUNDS | ||||||
| AFTER TRANSFERS | 9,238 | 42,279 | 51,517 | 175,005 | ||
| BALANCES BROUGHT FORWARD | 171,035 | 210,067 | - | 381,102 | 206,097 | |
| AT 1 JANUARY 2021 | ||||||
| BALANCES CARRIED FORWARD | 180,273 | 252,346 | - | 432,619 | 381,102 | |
| AT 31 December 2021 |
The ensuing notes form part of these accounts
BALANCE SHEET AT 31 DECEMBER 22
| Note | 2022 | 2021 | |
|---|---|---|---|
| £ | £ | ||
| FIXED ASSETS | |||
| Tangible Fixed Assets | 5a | - | |
| Investment assets | 5b | 56,696 | 63,694 |
| 56,696 | 63,694 | ||
| CURRENT ASSETS | |||
| Debtors | 8 | 13,705 | 12,198 |
| Short term deposits | 176,322 | 174,867 | |
| Cash at bank and in hand | 197,372 | 139,541 | |
| 387,399 | 326,606 | ||
| LIABILITIES: FALLING DUE WITHIN | |||
| ONE YEAR | 9 | 11,476 | 9,198 |
| NET CURRENT ASSETS | 375,923 | 317,408 | |
| NET ASSETS | 432,619 | 381,102 | |
| FUNDS | |||
| Unrestricted | 7 | 180,273 | 171,035 |
| Restricted | 7 | 252,346 | 210,067 |
| Endowment | 7 | - | - |
| 432,619 | 381,102 |
1. ACCOUNTING POLICIES
The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 together with applicable accounting standards and the Charities SORP 2005.
The financial statements have been prepared under the historical cost convention.
Funds
Endowment funds are funds, the capital of which must be maintained; only income arising from investment of the endowment may be used either as restricted or unrestricted funds depending upon the purpose for which the endowment was established
Restricted funds represent (a) income from trusts or endowments which may be expended only on those restricted objects provided in the terms of the trust or bequest, and (b) donations or grants received for a 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.
Unrestricted funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC. Funds designated for a particular purpose by the PCC are also unrestricted and are called designated funds
The accounts 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.
Incoming resources
Voluntary income and capital sources
Collections are recognised when received by or on behalf of the PCC. Planned giving receivable under gift aid is recognised when received.
Tax refunds are recognised when the incoming resource to which they relate is received or accrued within one month of receipt. Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement, the amount due is quantifiable, and its ultimate receipt by the PCC is reasonably certain.
Funds raised by the fete, garden party and similar events are accounted for gross.
Other ordinary income
Rental income from the letting of church premises is recognised when the rental is due.
Income from investments
Dividends and interest are accounted for when receivable.
Gains and losses on investments
Realised gains or losses are recognised when investments are sold. Unrealised gains or losses are recognised on revaluation of investments at the end of each accounting year.
Resources expended
Grants
Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC.
Activities directly relating to the work of the Church
The diocesan common fund or parish share is accounted for when payable. Any quota unpaid at 31[st] December is provided for in these accounts as an operational (though not a legal) liability and is shown as a creditor in the Balance Sheet
Fixed Assets
Consecrated land and buildings and movable church furnishings
Consecrated and beneficed property is excluded from the accounts by s10(2) (a) and (c) of the Charities Act 2011.
No value is placed on movable church furnishings held by the vicar and churchwardens on special trust for the PCC and which require a faculty for disposal since the PCC considers this to be inalienable property.
All expenditure incurred during the year on consecrated or beneficed buildings and movable church furnishings, whether maintenance or improvement, is written off as expenditure in the SOFA and separately disclosed.
Other fixtures, fittings and office equipment
Equipment used within the church premises is depreciated on a straight line basis over 4 years.
Individual items of equipment with a purchase price of £1000 or less are written off when the asset is acquired.
Investments
Investments are valued at their market value at 31 December 22
Current Assets
Amounts owing to the PCC at 31 December in respect of fees, rents, or other income are shown as debtors less provision for amounts that may prove uncollectable.
Short-term deposits include cash held on deposit either with the CBF Church of England Funds or at the bank.
2. INCOMING RESOURCES
| a) Voluntary income Planned giving Stewardship Parish Giving Income tax recoverable Open plate collections at services Sundry donations b) Activities for generating funds Church Hall letting Income (note 10) c) Income from investments Dividends & Interest receivable d) Income from church activities Service Fees Flower Fund (incl the Festival) Social Fund General Fundraising Events 50/50 Club Magazine Sales Tower and Bells Bells - E Church Choir TOTAL INCOMING RESOURCES |
Unrestricted Restricted Endowment Funds Funds Funds 2022 2021 10,894 10,894 12,548 58,162 58,162 58,960 15,547 15,547 20,827 7,275 7,275 5,376 8,772 52,010 60,782 153,825 100,650 52,010 - 152,660 251,536 7,470 7,470 10,762 7,470 - - 7,470 10,762 3,918 98 4,016 1,719 3,918 98 - 4,016 1,719 15,732 15,732 13,978 - - - 104 4,667 4,667 1,020 1,365 1,365 720 793 793 568 537 537 40 1,148 1,148 0 613 613 2 21,805 3,050 - 24,855 16,432 133,843 55,158 - 189,001 280,449 TOTAL FUNDS |
|---|---|
3. RESOURCES EXPENDED
| a) Church activities Charitable giving General charities (note 14) Special Efforts Ministry Share Church Hall Lettings (note 11) Vicar's Expenses Fundraising Costs Staff costs Light and Heat Insurances Security Costs Church Repairs & Maintenance Church Rooms maintenance Tower & Bell expenditure Organ maintenance Organists fees Choir expenses Flowers Children & Youth Ministry Cost of Magazine Accountancy Services Subscriptions Service & church expenses Major repairs (note 12) b) Governance costs Administration Parish office costs (note 11) TOTAL RESOURCES EXPENDED 4. STAFF COSTS Wages and salaries: Total gross cost Allocated: Parish Office - see Note 11 |
Unrestricted Restricted Endowment Funds Funds Funds 2022 2021 7,700 7,700 6,800 - - 57,379 57,379 55,642 3,000 3,000 2,400 349 349 - 1,213 728 1,941 - 817 817 525 4,789 4,789 5,924 10,378 10,378 9,729 1,558 1,558 882 5,023 1,618 6,641 7,562 3,945 3,945 5,032 71 2,221 2,292 393 - - - 3,000 3,000 3,000 - - 0 235 31 266 24 1,000 769 1,769 - 885 885 678 942 942 833 1,168 1,168 722 14,170 14,170 8,174 - - - 113,677 9,312 - 122,989 108,320 6,976 6,976 5,124 6,976 - - 6,976 5,124 120,653 9,312 - 129,965 113,444 2022 2021 £ £ - - - - - - TOTAL FUNDS |
|---|---|
5. FIXED ASSETS FOR USE BY THE PCC
5(a)The freehold land and buildings comprising the Church Rooms contribute to the income of the PCC but are not considered to be an asset of the PCC and have not therefore been capitalised.
Consecrated and beneficed property of any kind is excluded from the accounts by s.10(2)(a) and (c) of the Charities Act 2011.
| 5(b) Investments Market value at 1st January 2022 Purchases at cost Revaluation gain/loss Market value at 31 December 2022 |
Unrestricted Restricted Total Funds Funds 37,975 25,719 63,694 521 521 (3,952) (3,567) (7,519) 34,544 22,152 56,696 |
|---|---|
Holdings at 31 December 22
| Breakdown of Investments: | ||
|---|---|---|
| Fisher Fund | 650 shares | £13,430 |
| Hawkey Fund | 485 shares | £10,021 |
| Lincoln Fund | 159 shares | £3,285 |
| Total | 1294 shares | £26,736 |
| REAM | 862 shares | £17,819 |
| WRAY | 588 shares | £12,141 |
| Total | 1444 shares | £29,960 |
Many years ago (before 1985), three former members of the congregation, messrs. Fisher, Hawkey and Lincoln, left legacies in their wills to create a Fabric Fund to be used for repair and maintenance of the church building. The terms of the trusts were that the PCC cannot spend the capital but can spend the income from the capital. The investment of these funds is in a CBF unit trust fund from which there is a variable dividend per share. The dividends are added to the Restoration Fund's income and used for various works of restoration of the building. Expenditure on maintenance projects has been made through the General Fund rather than cashing in the above investments and this is reflected in the allocation between restricted and unrestricted funds.
6. FUNDS
The opening balances of these funds represent the value of the funds as at 31st December 2021
The movements on the funds are:
| Restricted funds: 50/50 Club Bible Fund Flower Fund Little Giants Fund Bell Fund - E Organ Fund - E Restoration Fund - E Church Rooms Fund Church Wall Repair Fund General Fund (robes) NEWTON & HATLEY Refreshment Station Refreshment Station (Craft ) Restoration Fund Tower and Bells WRAY Unrestricted funds (including designated): Budget Fund (E) Burrows Legacy D Choir Fund D Church Rooms Fund D General Fund Messenger Fund D REAM Social Fund WRAY |
Opening Balances at 1 January 22 Incoming Resources Outgoing Resources Transfers / Revaluations Balances Carried Forward 1,305 1,365 (728) (660) 1,282 59 59 138 (31) 107 153 153 1,148 1,148 29 29 1,657 50,250 660 52,567 4,594 (3,945) 649 19,682 19,682 500 500 3,003 529 (769) 2,763 9,600 9,600 7,186 7,186 152,060 428 (1,618) (3,567) 147,303 5,101 1,438 (2,221) 4,318 5,000 5,000 210,067 55,158 (9,312) (3,567) 252,346 4,990 4,990 19,356 (981) 18,376 830 613 1,443 26,767 7,723 (4,630) 29,861 79,592 124,986 (115,043) 89,535 14 14 19,630 521 (2,332) 17,819 6,095 6,095 13,761 (1,620) 12,141 171,035 133,843 (120,653) (3,952) 180,273 381,102 189,001 (129,965) (7,519) 432,619 |
|---|---|
The Restoration Funds are monies held as restricted funds only for use in respect of repairs to the fabric of the Church . St Neots fund includes the Knight Legacy of £124,960 and Eynesbury fund includes the Young Legacy of £50,000
The Tower and Bells Fund is for monies donated to provide funding for the rehanging of the bells of the church and to carry out all the necessary work to make this possible
The Church Rooms Fund is money accumulated from the renting out and running of the church rooms. Note that the majority of the monies that are accumulated are unrestricted funds. However, there is a balance of £649 that is restricted for use only as improvements to the Church Rooms. This has arisen from specific fundraising over the years less any money spent on improvements.
The Organ Fund is made up of occasional donations specifically for the organ (for example by visitors who ask to play it) or by donations to the organ fund at organ concerts and this money is used for occasional repairs or tuning.
The WRAY Fund relates to a legacy that expires on 24th August 2067. £5,000 (the original capital) has to remain as restricted but income is available for general PCC use.
The Newton and Hatley Fund relates to donations received from a separate trust of that name whose trustees are the Vicar and Churchwardens. The donations are shown as restricted funds because they are given to the PCC solely for the purpose of Christian education.
The Refreshment Station Fund is money designated from unrestricted funds for the specific purpose of a refreshment station.
The REAM Fund relates to a legacy that expired on 22nd December 2013. The Trustees are the Vicar and Churchwardens and they have formally agreed to add these monies to general PCC reserves.
The Craft Group Fund is money accumulated from activities carried out on behalf of the Church by the craft group. This fund has now been allocated to the provision of a Refreshment Station.
The Messenger fund is money from the sale of the Messenger less money spent on producing it. The funds in the main bank account have now been transferred to the general fund.
The Choir Fund is money held by the choir for choir social trips etc.
The Social Fund relates to monies collected for teas and coffees sold after Church.
The 50/50 Club relates to a fund raising scheme: members pay a monthly fee, a twice yearly draw takes place and profits are retained specifically for Restoration.
The Flower Fund consists of donations from the congregation specifically for flowers for the church
The Bible Fund consists of donations from the congregation specifically for the purchase of Bibles for church school leavers.
Little Giants consists of money put aside for pre-school youth activities.
The Burrows Legacy is a recent gift designated for good use around the church.
7. BREAKDOWN OF NET ASSETS BY FUND:
| Unrestricted Restricted Endowment Funds Funds Fund Investment fixed assets 34,544 22,152 Current assets 157,205 230,194 Current liabilities (11,476) 180,273 252,346 - 8. DEBTORS Prepayments and accrued income Tax recoverable from Gift Aid 9. LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR Accruals 10. CHURCH ROOM LETTINGS HDC Grant Rental income |
2022 2021 56,696 63,694 387,399 326,606 (11,476) (9,198) 432,619 381,102 2022 2021 5,142 5,337 8,563 6,861 13,705 12,198 2022 2021 11,476 9,198 11,476 9,198 2022 2021 6,000 7,470 4,762 7,470 10,762 |
|---|---|
11. PARISH OFFICE AND CHURCH ROOMS EXPENSES
| Cleaning Water rates Computer costs Printing, postage and stationery Telephone and internet Bank charges Vicarage Room Rental Salaries attributed to parish office, property and governance General office costs Allocated: Church Hall Lettings Governance costs |
2022 2021 3,029 1,217 714 678 353 3,650 2,491 1,707 1,864 572 439 0 0 0 0 304 482 9,976 7,524 3,000 2,400 6,976 5,124 |
|---|---|
12. MAJOR REPAIRS
None
13. RELATED PARTY TRANSACTIONS
The PCC has entered into no material transactions, contracts or other arrangements (incuding grants) with any related party. Certain transactions, including donations of any money or in kind, from PCC members or those closely connected to them, are unlikely to influence the separate independent interests of the PCC and therefore need not be disclosed.
14. CHARITABLE GIVING AND SPECIAL EFFORTS
| Embrace the Middle East Actios Kigali Feed the Minds The Mission to Seafarers USPG Leprosy Mission Bible Society Church Army Crosslinks John Lobei The Children's Society CMS Parish Youth Provision Ripple Effect Mission Aviation Fellowship Salvation Army Cancer Research Total Charitable Payments St Neots Womens' Refuge General Funds: Loves Farm Community Debt Advice |
2022 2021 300 0 500 500 500 500 500 500 750 300 300 350 300 300 300 500 500 300 300 800 800 500 500 300 300 1,250 1250 300 300 300 200 200 7,700 6,800 |
|---|---|