## **St Benedict's Church, Glinton**
## **Annual Report and Financial Statements of the Parochial Church Council**
for the year end December 2021
## **Rector**
## **Rev Mark-Aaron Tisdale**
## **Bank:**
Barclays Bank plc Church Street Peterborough
## **Independent examiner:**
Mr Rod Gall 18, St Pega’s Road Peakirk Peterborough
|**ST BENEDICT'S CHURCH, GLINTON**|**ST BENEDICT'S CHURCH, GLINTON**|**ST BENEDICT'S CHURCH, GLINTON**|**ST BENEDICT'S CHURCH, GLINTON**|**ST BENEDICT'S CHURCH, GLINTON**|**ST BENEDICT'S CHURCH, GLINTON**|**ST BENEDICT'S CHURCH, GLINTON**|**ST BENEDICT'S CHURCH, GLINTON**|**ST BENEDICT'S CHURCH, GLINTON**|**ST BENEDICT'S CHURCH, GLINTON**|**ST BENEDICT'S CHURCH, GLINTON**|**ST BENEDICT'S CHURCH, GLINTON**|
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||
|**FINANCIALSTATEMENT**||||||||||||
|for theyear ended 31st December,2021||||||||||||
|**STATEMENTOF ASSETS AND LIABILITIES**||||||||||||
|||||||||||||
|||**General**|||**Fabric**||||**Totals**|||
|||**Fund**|||**Fund**||||**2021**||**2020**|
|||£|||£||||£||£|
|||||||||||||
|**Monetary assets**||||||||||||
||Bank balances and cash|3,412|||63,558||||66,970||64,413|
|||||||||||||
|**Debtors**||122|||||||122||330|
|||||||||||||
|**Liabilities**||||||||||||
||Creditors|-1,183|||||||-1,183||-699|
|||||||||||||
|||**2,351**|||**63,558**||||**65,909**||**64,044**|
|||||||||||||
|Balance as at 01 January2021||2,009|||62,034||||64,044||62,275|
|||||||||||||
|Surplus/defcit for theyear||342|||1,523||||1,865||1,769|
|||||||||||||
|**Balance as at 31 December 2021**||**2,351**|||**63,558**||||**65,909**||**64,044**|
|||||||||||||
|**Debtors**||||||||||||
||Owed to Glinton for Incumbent’s expenses||||122|||||||
|||||||||||||
|**Creditors**||||||||||||
||Tuesdayat Ten||||538|||||||
||MessyChurch||||329|||||||
||9BBs||||311|||||||
||Choir funds||||5|||||||
||||||**1183**|||||||
|St Benedict's holds CBF and COIF investments, which are subject to the terms of the trust in
which theyare held. The market value of the investments at 31 December 2021 are shown below:||||||||||||
|||||||||||||
|||||||||||||
||||**2021**||**2020**|||||||
||||£||£|||||||
||||220,652||191,189|||||||
|At 31 Dec 2021 these investments are as follows:||||||||||||
||||**2021**||**2020**|||||||
||Church Lands 128001349S||71,279||62,234|||||||
||Church Lands 402400001T||28,091||24,553|||0|14.41|||
||Bell Fund 628179001J||63,533||53,980||73,249|0|17.70|||
||Larkin Bequest 628179001S||57,749||50,422|||0|14.53|||
||Total||220,652||191,189|||||||
|||||||||||||
|St Benedict's also owns land, which is subject to terms of the trust in which it is held, and has
use of the rental income from the land.||||||||||||
|||||||||||||
|||||||||||||
|To be approved bythe Parochial Church Council||||||||||||
|||||||||||||
|Dr Simon Richards,Treasurer||||||||||||
## **ST BENEDICT'S CHURCH, GLINTON**
## **FINANCIAL STATEMENT FOR THE YEAR to 31 DECEMBER 2021**
## **GENERAL FUND - UNRESTRICTED FUND RECEIPTS AND PAYMENTS ACCOUNT**
|**ST BENEDICT'S CHURCH, GLINTON**
**FINANCIAL STATEMENT**
**FOR THE YEAR to 31 DECEMBER 2021**
**GENERAL FUND - UNRESTRICTED FUND**
**RECEIPTS AND PAYMENTS ACCOUNT**|**ST BENEDICT'S CHURCH, GLINTON**
**FINANCIAL STATEMENT**
**FOR THE YEAR to 31 DECEMBER 2021**
**GENERAL FUND - UNRESTRICTED FUND**
**RECEIPTS AND PAYMENTS ACCOUNT**|**ST BENEDICT'S CHURCH, GLINTON**
**FINANCIAL STATEMENT**
**FOR THE YEAR to 31 DECEMBER 2021**
**GENERAL FUND - UNRESTRICTED FUND**
**RECEIPTS AND PAYMENTS ACCOUNT**|**ST BENEDICT'S CHURCH, GLINTON**
**FINANCIAL STATEMENT**
**FOR THE YEAR to 31 DECEMBER 2021**
**GENERAL FUND - UNRESTRICTED FUND**
**RECEIPTS AND PAYMENTS ACCOUNT**|**ST BENEDICT'S CHURCH, GLINTON**
**FINANCIAL STATEMENT**
**FOR THE YEAR to 31 DECEMBER 2021**
**GENERAL FUND - UNRESTRICTED FUND**
**RECEIPTS AND PAYMENTS ACCOUNT**|**ST BENEDICT'S CHURCH, GLINTON**
**FINANCIAL STATEMENT**
**FOR THE YEAR to 31 DECEMBER 2021**
**GENERAL FUND - UNRESTRICTED FUND**
**RECEIPTS AND PAYMENTS ACCOUNT**|**ST BENEDICT'S CHURCH, GLINTON**
**FINANCIAL STATEMENT**
**FOR THE YEAR to 31 DECEMBER 2021**
**GENERAL FUND - UNRESTRICTED FUND**
**RECEIPTS AND PAYMENTS ACCOUNT**|**ST BENEDICT'S CHURCH, GLINTON**
**FINANCIAL STATEMENT**
**FOR THE YEAR to 31 DECEMBER 2021**
**GENERAL FUND - UNRESTRICTED FUND**
**RECEIPTS AND PAYMENTS ACCOUNT**|
|---|---|---|---|---|---|---|---|
|||||||||
|||_Note_|**2021**|||**2020**||
||||£|£||£|£|
|||||||||
|**Receipts**||||||||
|||||||||
|**Incoming resources from donors**||||||||
||Plannedgiving||6,670|||5,560||
||Tax recovered|_2_|487|||1,254||
||Collections at services||1,093|||1,299||
||GivingbySumUp|_7_|685|||||
|||||8,935|||8,113|
|**Other voluntary incoming resources**||||||||
||Donations|_7_|5,241|||4,538||
||Fund raising|_3_|4,606|||2,000||
|||||9,847|||6,538|
|**Income from investments**||||||||
||Land Rents|_11_|3,395|||3,395||
||Bank interest||0|||0||
||Transferred from CCLA||2,500|||2,500||
|||||5,895|||5,895|
|||||||||
|**Income from operating activities**||||||||
||Fees|_10_||1,369|||2,661|
|||||||||
|||||||||
|**Total Receipts**||||**26,046**|||**23,207**|
|||||||||
|**Payments**||||||||
|||||||||
|**Grants**||||||||
||Charitablegiving|_4_||335|||0|
|||||||||
|**Church Activities**||||||||
||Diocesanquota|_9_|16,420|||16,420||
||Payments ref Fund Raising||25|||7||
||Clergyexpenses||418|||313||
||Readers & VisitingPriests’ fees||0|||0||
||Costs of Services||344|||83||
||Church RunningExpenses||1,205|||1,589||
||Church Maintenance|_5_|3,751|||1,611||
||Reordering (Architect’s Fees)||887|||312||
||Sound System|_5,7_|0|||500||
||Insurance||1,378|||1,374||
||Organists||420|||300||
|||||24,847|||22,510|
||||||||147
0
136
0
220
12
0
44
559
**23,069**
**137**
1,928
5
107
142
0
0
371
-331
-16
41
**2,378**|147
0
136
0
220
12
0
44
559
**23,069**
**137**
1,928
5
107
142
0
0
371
-331
-16
41
**2,378**|
|---|---|---|---|---|---|---|---|---|
||||||||||
||**Church management and administration**||||||||
|||Printingand Stationery||109|||147||
|||Officers expenses||0|||0||
|||Copyright licence||71|||136||
|||Quinquennial Survey||0|||0||
|||Cost of meetings/Training& Subs||220|||220||
|||books||0|||12||
|||Flowers||20|||0||
|||SundryExpenses|_8_|104|||44||
||||||523|||559|
||||||||||
||**Total Payments**||||**25,705**|||**23,069**|
||||||||||
||**Excess of Receipts over Payments**||||**341**|||**137**|
||||||||||
||**Bank and Deposit account 01 January 2021**||||2,378|||1,928|
||||||||||
||MoneyHeld for Benefice Singers(Not included in a/c)||||5|||5|
||Net change in funds held for 9BBies(included in a/c)||_310.51_||0|||107|
||Net change in funds held for Tuesdayat Ten(included in a/c)||_537.74_||195|||142|
||Net change in funds held for MessyChurch||||329||||
||Payment made from Benefice Singers a/c||||0|||0|
||Transferred to CCLA account||||0|||0|
||||||||||
||Debtors b/fwd||||331|||371|
||Debtors c/fwd||_6_||-122|||-331|
||Creditors b/fwd||||-41|||-16|
||Creditors c/fwd||||0|||41|
||||||||||
||**Bank account 31 December 2021**||||**3,412**|||**2,378**|
|||||(Actual)|3,412||||
|||||(Difference)|0||||
||||||||||
||||||||||
||||||||||
||||||||||
## **FABRIC FUND - RESTRICTED FUND RECEIPTS AND PAYMENTS ACCOUNT**
|**FABRIC FUND - RESTRICTED FUND**
**RECEIPTS AND PAYMENTS ACCOUNT**|**FABRIC FUND - RESTRICTED FUND**
**RECEIPTS AND PAYMENTS ACCOUNT**|**FABRIC FUND - RESTRICTED FUND**
**RECEIPTS AND PAYMENTS ACCOUNT**|**FABRIC FUND - RESTRICTED FUND**
**RECEIPTS AND PAYMENTS ACCOUNT**|**FABRIC FUND - RESTRICTED FUND**
**RECEIPTS AND PAYMENTS ACCOUNT**|**FABRIC FUND - RESTRICTED FUND**
**RECEIPTS AND PAYMENTS ACCOUNT**|**FABRIC FUND - RESTRICTED FUND**
**RECEIPTS AND PAYMENTS ACCOUNT**|**FABRIC FUND - RESTRICTED FUND**
**RECEIPTS AND PAYMENTS ACCOUNT**|
|---|---|---|---|---|---|---|---|
|||||||||
|||||||||
|||_Note_|**2021**||||**2020**|
||||£|£|||£|
|||||||||
|**Receipts**||||||||
|||||||||
|Incomingresources from donors||||||||
|Covenants andplannedgiving||||||||
||Reimbursement fromgeneral fund||||||0|
||Transfer fromgeneral fund||0||||0|
|||||0||||
|Other voluntaryincomingresources||||||||
||Donations||0||||0|
||From 100 club||0||||0|
|||||0|||0|
|Income from investments||||||||
||Interest and Dividends||4,023||||4,086|
||Land Rents|_11_|0||||0|
|||||4,023||||
|||||||||
|||||||||
|**Total Receipts**||||**4,023**|||**4,086**|
|||||||||
|||||||||
|**Payments**||||||||
|||||||||
|Activities directlyrelatingto the work of the Church|||2,500|2,500|||2,500|
|Re-ordering|||0|0|||0|
|Church Maintenance|||0|0||||
|||||||||
|**Total Payments**||||**2,500**|||**2,500**|
|||||||||
|**Excess of Receipts over Payments**||||**1,523**|||**1,586**|
|||||||||
|Bank and Deposit accounts 01 January2021||||62,034|||64,405|
|||||||||
|Bank and Deposit accounts 31 December 2021||||**63,558**|||**65,991**|
|||||||||
**Notes to the Accounts 2021**
## **1 Accounting Policies**
The financial statements have been prepared in accordance with the Church Accounting Regulations 1997 using the Receipts & Payments method.
## **Funds**
General funds represent the funds of the PCC which are not subject to any restrictions regarding their use and available for application to the general purposes of the PCC.
The accounts include monetary transactions, assets and liabilities for which the PCC can be held responsible. They do not include the accounts of other Church groups that owe an affiliation to another body, nor those that are informal gatherings of Church members
## **2 Income tax recovered**
Tax recovered relates to the period upto 5th April 2021, and includes all Gift Aid claimable under new rules (which includes money given in plate collections. Tax recoverable from the planned giving made under the Diocesan Administered Gift Aid Scheme is recovered in the same month as the receipt to which it relates. This scheme closes in March 2022. The new Parish Giving Scheme replaces the Diocesan run scheme and, at 31.12.21, all but 3 donors have transferred to the new scheme.
- **3 Fund Raising, net of expenses**
|**3 Fund Raising, net of expenses**|||
|---|---|---|
|100 Club donation|1000||
|St Benedict’s Seasons Recipe Book|1424||
|Open Gardens (including White Elephant)|1135||
|Harvest Supper|523||
|Christmas Fayre|500||
||||
|Total Fund Raising|**4,581**
(profit)||
||||
||||
|**4 Charitable giving**|||
|Chris&an Aid .||60|
|Elected Chari&es from Tuesday @ 10 Congrega&on||275|
|Total Charitable Giving||**335**|
|**5 Church Maintenance**|||
|Chubb||24|
|Vulcana||354|
|Organ Maintenance||105|
|Smiths of Derby(including 3 year clock maintenance
contract)||2,432|
|Miscellaneous Fabric maintenance (Bob’s boys)||109|
|Marriott Security||726 *****|
|Total recorded||**3,751**|
||||
||||
|**6 Creditors & Debtors**|||
|---|---|---|
|**Creditors:**|||
|Total|**0**||
|**Debtors:**
Owed to St Benedict’s Church in respect of
Incumbent’s expenses|||
||-122||
||**-122**||
|**7 Donations**|||
|Donations at weddings|0||
|Donations at Baptisms|172||
|Donations at Funerals|687||
|Named donations|3085||
|Total church box|31||
|Miscellaneous Donations|1265||
|Donations made online (using SumUp)|685||
|Total|**5926**||
||||
|**8 Sundry Costs**|||
|Include :|||
|Remembrance Wreaths||29|
|Brown Bins x 2||75|
|||**104**|
||||
|**9 Diocesan Quota**|||
|The share of the Diocesan Quota for St
Benedict’s Church (**representing 90% of full**
**share )**
**16420**
89|||
||||
|**10 Fees**|||
|2021 0 Weddings, 11 Funerals, 1, interment of ashes, 1 Wedding Deposit for 2022|||
|2020 3 Weddings, 3 Funerals, 4 interment of ashes, 1 wedding deposits|||
|2019 3 Weddings, 3 Funerals, 2 interment of ashes, 2 wedding deposits|||
||||
|**11 Land Rents**|||
|The PCC agreed that Land Rents should be paid into the General Fund to be
used to support the ministry and worship in St Benedict’s Church|||
Ind¢p¢nd¢nt Examiner's Report to St Benedict's Paro¢hi41 Chur¢b Council, Glinton
I report on the financial statements for the year ended 31$1 December 2021.
As tnembers of the Parochial Church Council (PCC) you ar¢ responsible for the preparation
of the accounts and you consid¢r that an audit is not required for this year under section
144(2) of the 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 and state
whether any particular matters have come to my attention. My examination was carried out in
accordance with the General Directions given by the Charity Commission.
An examination includes a review of the accounting records kept by the PCC and a
comparison of the accounts presented with those records. It a150 includes consideration of
any unusual it¢ms or disclosures in the accounts. and seeking explanations from th¢ PCC
concerning any such matters. The procedures undertaken do not provide all the evidence that
would be required in a full audit. and consequently I do not express an audit opinion of the
accounts.
In connection with my examinatio no matters have come to my attention to which, in my
Opinio attention should be drawn in order to enable a proper understanding of the accounts
to be reached.
Roderick Gall FCCA
18 St Pegas Road
Peakirk
PeterboTough
2nd March 2022