ANNUAL REPORT AND FINANCIAL STATEMENTS
For the year ended 31 December 2021 The Parochial Church Council of St Peter’s Addingham Registered Charity : 1134446
2021 Report and Accounts for the Parochial Church Council of St Peter’s Church, Addingham
Registered charity number : 1134446
Aims and purposes
St Peter’s Parochial Church Council (PCC) has the responsibility of cooperating with the Incumbent, the Reverend Mark Cannon in promoting in the ecclesiastical parish, the whole mission of the Church, pastoral, evangelical, social and ecumenical. The PCC is also specifically responsible for the maintenance of the Church and Church Hall at Church Street, Addingham.
Objectives and activities
The PCC is committed to enabling as many people as possible to worship at the church and to become part of the parish community at St Peter’s. The PCC maintains an overview of worship throughout the parish and makes suggestions on how services can involve the many groups that live within the parish. Our services and worship put faith into practice through prayer and scripture, music and sacrament.
When planning activities for the year, the Charity Commission’s guidance on public benefit has been considered, in particular, the supplementary guidance on charities and the advancement of religion. In particular, the PCC tries to enable ordinary people to live out their faith as part of the parish community through :
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Worship and prayer;
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Learning about the gospel; and developing their knowledge and trust in Jesus
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Provision of pastoral care for people living in the parish
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Missionary and outreach work
To facilitate this work, it is important that we maintain the fabric of the Church of St Peter and the Church Hall.
Financial Review
In the year to 31 December 2021, the net income of the year can be summarised as follows :
Surplus on sales and revaluation of the parish investments £ 46,038 Deficit in the day to day running of the parish £ (64,912)
Total £ (18,874)
The above figures demonstrate how dependent the Parish is on the investment income.
The Parish has recently received Planning Permission to extend the Church Hall. To date, the Church Council has not decided to go ahead with this possible development but is giving this careful consideration. The Parish carried out a survey which among other information, gave the views of parishioners and the Addingham community on whether an extension would be a worthwhile asset of the Village.
The year has, of course, like last year been dominated by the COVID-19 pandemic with the Church used only with limited numbers in the congregation, partly because of Government regulations and partly due to parishioners being hesitant to attend services with the possibility of catching the covid virus. As with other churches, charities and also commercial enterprises, this does have an effect on the Parish finances and it is hoped that as the pandemic falls away, normal life will help the ongoing deficit decreasing and the Parish being less reliant on its investment income.
In 2020,we heard that a legacy of about £109,000 was receivable from Mrs Dorothy Lund, for which we are very grateful. The cash was received in 2021 but this amount of £109,000 was included as income for 2020 and included in the Parish Balance Sheet as a debtor. A small balance was received in 2021. The value of our investments reduced significantly in 2020, but in 2021, the value increased significantly. Most other income and expenditure items were in line with the previous year other than the fees for weddings and funerals increased more than doubled as the covid regulations were eased. We also ceased to charge for advertising in Source.
Few expenses were reduced because of the pandemic, though the heating bills were reduced as the church and hall were not used very often, though it is necessary to maintain a reasonable temperature to protect the properties. Not serving wine at communion saved money.
The full Share payable to the Diocese was paid in very good time.
Every five years, a report on the fabric of all churches is made to their Diocese to enable the state of repair to be monitored by the property arm of the Diocese. This can be a cause of great concern to many parishes who fear that the report may identify that great expenditure would be required. However, it can be reported that our architect found little cause for concern when he had issued his quinquennial report, that is his five-year report, and the annual repair and maintenance expenses remained in line with previous years.
Reserves Policy
It is the policy of the PCC to maintain sufficient reserves invested so that investment income supplements the other income of the parish. It is the long term aim of the PCC to generate sufficient funds to pay the Church’s payments to the Diocese and every other day by day expenses without utilising this income which can then be used for other projects.
Volunteers
The PCC would like to thank all the volunteers who helped the Parish through this miserable year. Particular mention should be made of the wardens, Ian Batty and Penny Crisfield and all of those who contributed to a new norm, that of worshipping online. They have worked so tirelessly on behalf of the Parish.
Structure, governance and management
The PCC is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure. The PCC is a registered charity.
The method of appointment of the PCC is set out in the Church Representation Rules. At St Peter’s, the membership of the PCC consists of the Incumbent (our Rector), church wardens, the reader and members who are elected by those members of the Church who are on the electoral roll. All members of the congregation who attend our services are encouraged to register on the Electoral Roll and stand for election to the PCC. PCC Members are elected for three years at the Annual Parochial Church Meeting.
The PCC members are responsible for making decisions on all matters of general concern and importance to the parish including deciding on how the funds of the PCC are to be spent. A report on the work of the PCC is
attached and this includes details of the number of meetings and the attendance.
The full PCC met XXX times during the year and the average attendance was XXX. Given its wide responsibilities, the PCC has three subcommittees, each dealing with a particular aspect of parish life. These committees are the Standing Committee, the Investment Committee and the Fabric Committee. They report back to the PCC regularly with minutes of their decisions being received by the full PCC and discussed as necessary.
Administrative Information
St Peter’s is situated in Church Street, Addingham. It is part of the Diocese of Leeds, within the Province of York and within the Church of England. The Church Council is registered with the Charity Commissioners under the name “The Parochial Church Council of the Ecclesiastical Parish of St Peter’s Addingham” and has the registered charity number of 1134446.
Being a charity, the members of the PCC are also the trustees of the church.
PCC members/trustees who have served at any time from 1[st] January 2020 until the date of this report was approved are :
Ex officio
Incumbent : The Reverend Mark Cannon Lay Reader : Mrs Anne Hodgson Wardens : Mr Ian Batty Ms Penny Crisfield
Representatives on the Deanery Synod :
Professor Arthur Francis (also Diocesan Synod
member)
Ms Jacqui Hand (also PCC Secretary) Mr Roger Bainbridge
Elected members :
Mr Gordon Atkinson Mrs Christine Bean Mr Keith Boothroyd Mrs Lucy Comerford Mr Ian Hepworth (Treasurer)
Mr John Holdsworth Mrs Judith Idle (Deputy Warden) Mrs Joy Harper Mrs Sue Settle Mr Matt Waddilove-Carr Mrs Margaret Widdowson Miss Judith Worsnop (elected 27[th] May 2021)
ST PETER'S PAROCHIAL CHURCH COUNCIL OF ADDINGHAM BALANCE SHEET AT 31ST DECEMBER 2021
| Note FIXED ASSETS Tangible assets 6 Investments 7 CURRENT ASSETS Debtors 8 Short term deposits Cash at bank LIABILITIES Creditors : Amounts falling due in one year : accruals 9 NET CURRENT ASSETS TOTAL NET ASSETS PARISH FUNDS Unrestricted 11 Restricted 11 Endowment Funds 11 |
2021 £ 129,092 563,981 693,073 10,588 10,197 13,864 34,649 3,356 31,293 724,366 13,592 232,194 478,440 724,226 |
2020 £ 138,028 451,101 |
|---|---|---|
| 589,129 | ||
| 118,880 28,284 38,004 |
||
| 185,168 | ||
| 30,858 | ||
| 154,310 | ||
| 743,439 | ||
| 10,814 231,821 500,804 |
||
| 743,439 |
Approved by the Parochial Church Council on 22nd March 2022 and signed on its behalf by :
I R Hepworth Treasurer
The attached notes form part of these accounts
ST PETER'S PAROCHIAL CHURCH COUNCIL OF ADDINGHAM
| Mary Coates Fabric Fund Income & Expenditure - Restricted Fund 2016 2015 2014 £ £ £ Receipts Investment Income - Mills Bequest 120 120 Other Investment Income 180 180 Collection for Fabric Fund Surplus for the year 300 300 Hilda Holmes Bequest Fund Income & Expenditure - Restricted Fund Receipts Investment Income 0 1,062 Investments Revaluation -992 49 Historic Buildings Grant 4528 - 3,536 1,111 Payments Insurance 2,261 Water 301 Repairs 2,672 Cleaning 5,351 Organ service 150 Gravelling Field Sundries Brokers Charges 280 Depreciation of Hall 2,868 13,883 Surplus for the year - 12,772 Betty Jackson Fund Bequest Fund Income & Expenditure - Restricted Fund Legacy received - Simulator bell system - Surplus for the year - Phyllis Holmes Fund - Expendable Endowment Receipts Income from Investments 17,856 Proft/Loss on Sale of Investments 1,121 Investment Revaluation 6,467 25,444 Payments Stockbrokers Charges 2,580 Youth Network 2,000 4,580 Surplus for the year 20,864 |
Mary Coates Fabric Fund Income & Expenditure - Restricted Fund 2016 2015 2014 £ £ £ Receipts Investment Income - Mills Bequest 120 120 Other Investment Income 180 180 Collection for Fabric Fund Surplus for the year 300 300 Hilda Holmes Bequest Fund Income & Expenditure - Restricted Fund Receipts Investment Income 0 1,062 Investments Revaluation -992 49 Historic Buildings Grant 4528 - 3,536 1,111 Payments Insurance 2,261 Water 301 Repairs 2,672 Cleaning 5,351 Organ service 150 Gravelling Field Sundries Brokers Charges 280 Depreciation of Hall 2,868 13,883 Surplus for the year - 12,772 Betty Jackson Fund Bequest Fund Income & Expenditure - Restricted Fund Legacy received - Simulator bell system - Surplus for the year - Phyllis Holmes Fund - Expendable Endowment Receipts Income from Investments 17,856 Proft/Loss on Sale of Investments 1,121 Investment Revaluation 6,467 25,444 Payments Stockbrokers Charges 2,580 Youth Network 2,000 4,580 Surplus for the year 20,864 |
Mary Coates Fabric Fund Income & Expenditure - Restricted Fund 2016 2015 2014 £ £ £ Receipts Investment Income - Mills Bequest 120 120 Other Investment Income 180 180 Collection for Fabric Fund Surplus for the year 300 300 Hilda Holmes Bequest Fund Income & Expenditure - Restricted Fund Receipts Investment Income 0 1,062 Investments Revaluation -992 49 Historic Buildings Grant 4528 - 3,536 1,111 Payments Insurance 2,261 Water 301 Repairs 2,672 Cleaning 5,351 Organ service 150 Gravelling Field Sundries Brokers Charges 280 Depreciation of Hall 2,868 13,883 Surplus for the year - 12,772 Betty Jackson Fund Bequest Fund Income & Expenditure - Restricted Fund Legacy received - Simulator bell system - Surplus for the year - Phyllis Holmes Fund - Expendable Endowment Receipts Income from Investments 17,856 Proft/Loss on Sale of Investments 1,121 Investment Revaluation 6,467 25,444 Payments Stockbrokers Charges 2,580 Youth Network 2,000 4,580 Surplus for the year 20,864 |
|---|---|---|
| 300 300 | ||
| 0 1,062 -992 49 4528 - |
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| 3,536 | 1,111 | |
| 2,261 301 2,672 5,351 150 280 2,868 |
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| 13,883 | ||
| - 12,772 | ||
| - - |
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| - | ||
| 17,856 1,121 6,467 |
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| 25,444 | ||
| 2,580 2,000 |
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| 4,580 | ||
| 20,864 |
ST PETER'S PAROCHIAL CHURCH COUNCIL OF ADDINGHAM NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2021
| 6. TANGIBLE FIXED ASSETS : Cost at 1st January 2021 Additions at cost Disposals Cost at 31st December 2021 Depreciation at 1st January 2021 Charge for the year Depreciation at 31st December 2021 Net book value at 31st December 2021 Net book value at 31st December 2020 7. INTANGIBLE FIXED ASSETS : Investments Movement in the year Market Value at 1st January 2021 Purchases at cost Less :Disposal proceeds Net Profts on Disposal Revaluation Surplus Market Value at 31st December 2021 |
-------------------- 2021 Hall Extension Other Fixed Assets (Restricted) (Unrestricted) 143,386 116,527 - 394 - - |
-------------------- 2020 Total £ £ 259,913 259,694 394 219 - - |
|---|---|---|
| 143,386 116,921 | 260,307 259,913 | |
| 34,315 87,570 9,330 |
121,885 109,387 9,330 12,498 |
|
| 34,315 96,900 | 131,215 121,885 | |
| 109,071 20,021 | 129,092 138,028 | |
| 109,071 28,957 | 138,028 150,307 | |
| £ 451,101 166,794 617,895 101,280 516,615 9,153 38,213 563,981 |
The market value at 31st December 2021 represents investments held in the endowment fund.
| 8. DEBTORS Income tax recoverable Prepaid Insurance Legacy due 9. CREDITORS FALLING DUE IN ONE YEAR Accruals Amount due to the Diocese known as Share |
2021 2020 £ £ 8,331 7,688 2,257 2,192 - 109,000 |
|---|---|
| 10,588 118,880 | |
| 3,356 3,329 - 27,529 |
|
| 3,356 30,858 |
ST PETER'S PAROCHIAL CHURCH COUNCIL OF ADDINGHAM STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2021
| Note INCOMING RESOURCES Voluntary Income 2 (a) Activities for generating funds 2 (b) Income from investments 2 (c) Church activities 2 (d) TOTAL INCOMING RESOURCES RESOURCES EXPENDED Church Activities 3 (a) Raising Activities 3 (b) TOTAL RESOURCES EXPENDED NET OUTGOING RESOURCES BEFORE TRANSFERS Transfers between funds 5 Net in(out)going resources before other recognised gains Revaluation Proft/(Loss) 7 BALANCES BROUGHT FORWARD AT 1ST JANUARY 2021 BALANCES CARRIED FORWARD AT 31ST DECEMBER 2021 The attached notes form part of these accounts |
Unrestricted Restricted Endowment TOTAL FUNDS Funds Funds Funds 2021 2020 £ £ £ £ £ 42,926 481 - 43,407 156,513 375 - - 375 1,544 480 - 24,493 24,973 -18,479 10,065 - - 10,065 6,224 |
|---|---|
| 53,846 481 24,493 78,820 145,802 | |
| 129,472 108 2,200 131,780 129,985 1,596 - 2,870 4,466 4,612 |
|
| 131,068 108 5,070 136,246 134,597 | |
| -77222 373 19423 -57426 11205 80,000 -80,000- - |
|
| 2,778 373 -60,577 -57,426 11,205 - - 38,213 38,213 1,149 |
|
| 2778 373 -22364 -19213 12354 10,814 231,821 500,804 743,439 731,085 |
|
| 13,592 232,194 478,440 724,226 743,439 | |
| - |
The attached notes form part of these accounts
PARISH CHURCH COUNCIL OF ST PETER'S ADDINGHAM CASHFLOW STATEMENT for the year ended 31st December 2021
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| £ | £ | £ | £ | |||
| Net cash generated in operating activities | 7,721 | - | 37,232 | |||
| Cashfow from investing activities | ||||||
| Dividends & interest from investments | 15,960 | 16,401 | ||||
| Interest paid | - | |||||
| Proceeds from the sale of : | ||||||
| Tangible fxed assets | - | - | ||||
| Tangible fxed investments | ### | 175,619 | ||||
| Purchase of : | ||||||
| Tangible fxed asset for the use of the PCC | - 394 | - | 219 | |||
| Fixed asset investments | ### | - 111,687 | ||||
| Net cash providedby investing activities | - | 49,948 | 80,114 | |||
| Change in cash and cash equivalents | ||||||
| in the reporting period | - | 42,227 | 42,882 | |||
| Cash and cash equivalents at 1st January 2021 | 66,288 | 23,406 | ||||
| Cash and cash equivalents at 31st December 2021 | 24,061 | 66,288 | ||||
| - | ||||||
| Reconciliation of net expenditure | ||||||
| before investment gains | ||||||
| Net expenditure before investments gains | - | 66,579 | 46,086 | |||
| Adjustments for | ||||||
| Depreciation | 9,330 | 12,498 | ||||
| Dividends and interest | - | 15,820 | - | 16,401 | ||
| Decrease/(Increase) in debtors | ### | - | 107,767 | |||
| Decrease/(Increase) in creditors | - | 27,502 | 28,352 | |||
| Net cash used in operating activities | 7,721 | - | 37,232 | |||
| Analysis of cash and cash equivalents | ||||||
| Cash in hand | 13,864 | 38,004 | ||||
| Notice deposits | 10,197 | 28,284 | ||||
| 24,061 | 66,288 |
Independent Examiner’s Report to the Trustees of St Peter’s Church, Addingham, Parochial Church Council
I report on the accounts for the year ended 31[st] December 2021.
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(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
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Examine the accounts under Section 145 of the 2011 Act
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Follow the procedures laid down in the general directions given by the Charity Commission under Section 145(5)(b) of the 2011 Act, and
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State whether particular matters have come to my attention .
Basis of Independent Examiner’s Statement
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 includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees 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 on the accounts.
Independent Examiner’s Statement
In connection with my examination, no matter has come to my attention :
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(1) which gives me reasonable cause to believe that, in any material respect, the requirements
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to keep accounting records in accordance with section 130 of the 2011 Act; or
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to prepare accounts which accord with the accounting records have not been met; or
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(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
J Bridgford Chartered Accountant 21 March 2022