## **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 :
- Worship and prayer;
- Learning about the gospel; and developing their knowledge and trust in Jesus
- Provision of pastoral care for people living in the parish
- 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 -||
||3,536|1,111|
|||2,261
301
2,672
5,351
150
280
2,868|
|||13,883|
||||
|||- 12,772|
|||-
-|
|||-|
|||17,856
1,121
6,467|
|||25,444|
|||2,580
2,000|
|||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:
- Examine the accounts under Section 145 of the 2011 Act
- Follow the procedures laid down in the general directions given by the Charity Commission under Section 145(5)(b) of the 2011 Act, and
- 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 :
- (1) which gives me reasonable cause to believe that, in any material respect, the requirements
- to keep accounting records in accordance with section 130 of the 2011 Act; or
- to prepare accounts which accord with the accounting records have not been met; or
- (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