All Saints Church WOKI NGHAM The Parish Office, The Cornerstone, Norreys Avenue, Wokingham RG40 IUE Tel: 0118 979 2797 parishoffice@allsaintswokingham.org.uk Reg. charity no. 1127585 During lockdown we continued to hold services every Sunday, with a recorded service when we could not use the church. ANNUAL REPORT AND ACCOUNTS 2020
Parish of All Saints Wokingham 2020 PAGE 2 CONTENTS Aim and Purpose.... Objectives and Activities....................-............. Achievements and Performance.-.... . . . . Financial Review.-. Reserves Policy............ The Community Projects fund is earmarked for the spaceforall project............ Funds held as custodian for others............. Plans for future periods . Risk Management............................... . Structure, Governance and Management... Administrative Information...... Statement of Financial Activities. .10 Balance Sheet......................................... .11 Accounting Policies . Notes to the accounts........... ........ .12 .13
Parish of All Saints Wokingham 2020 PAGE 3 INDEPENDENT EXAMINER'S UNQUALIFIED REPORT TO THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL OF ALL SAINTS CHURCH, WOKINGHAM Accounts for the year ended 31 December 2020 Charity number 1127585 Respective responsibilities of the P.C.C. and the examiner The P.C.C. members acting as the charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for the year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility: to examine the accounts under section 145 of the Charities Act to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and to state whether particular matters have come to my attention. Basis of the Independent Examinerfs statement My examination was carried out in accordance with the general Directions given by the Charity Commission and the guidance published in PCC Accountability (The Charities Act 2011 and the P.C.C.), 5th edition. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with these records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning such matters. The procedures undertaken do not provide all the evidence that would be required for an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair, view and the report is limited to those matters set out in the statement below. Independent examinerfs statement In connection with my examination, no material matter has come to my attention which gives me cause to believe that in, any material respect: accounting records were not kept in accordance with section 130 of the Charities Act, or the accounts do not accord to the accounting records. I have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts is reached. Signed . J1/ ri Date 7£1 202/. The Revd. Alan A. Clements MA ACIB FCIE Fellow Association of Charity Independent Examiners Address: 15 Carleton Road, Great Knowsley, Chorley, Lancashire. PR6 8TQ
Parish of All Saints Wokingham 2020 PAGE4 PARISH OF ALL SAINTS, WOKINGHAM SUMMARY ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31ST DECEMBER 2020 AIM AND PURPOSE All Saints Wokingham Parochial Church Council (PCC) has the responsibility of co-operating with the Incumbent, The Reverend Canon David Hodgson, in promoting, in the ecclesiastical parish of Wokingham (All Saints), the whole mission of the Church, pastoral, evangelistic, social and ecumenical. Its primary aim is the promotion of the gospel of our Lord Jesus Christ according to the doctrines and practices of the Church of England. The vision for the church which the PCC has adopted is to be a loving church, accessible to all including children and youth, which is active in the heart of the community and where all can grow their gifts and faith in God. OBJECTIVES AND ACTIVITIES All Saints Wokingham is a very active church with, in usual circumstances, worship six days a week, four different regular services on Sundays, a significant programme of community involvement through its community centre The Cornerstone, regular study and discipleship groups, lay-led healing prayer and pastoral care ministries some available to the wider parish as well as the church congregation, and outreach to local schools and residential care homes. The church is a registered charity and the PCC has regard to the Charity Commission's guidance on public benefit in The Advancement of Religionfor the Public Benefit in the activities it plans. The church provides a benefit to the public by: providing resources and facilities for public worship, pastoral care and spiritual, moral and intellectual development, both for its members and for anyone who wishes to benefit from what the Church offers; promoting Christian values, and service by the Church and its members to its community, to the benefit of individuals and society as a whole. The PCC also has maintenance responsibilities for key parts of the town's infrastructure- the church building itself, its four acres of churchyard and The Cornerstone building. It is pleased to be able to keep the church open to visitors every day, with space for private prayer, and to provide a large worship space for important civic events, such as Remembrance Sunday. ACHIEVEMENTS AND PERFORMANCE The PCC'S broad aim for 2020 was to continue to discern and undertake God's mission in Wokingham, with specific objectives to: develop its mission to the new housing areas in Wokingham further develop the plans for the spaceforall project to turn the church into an active community space grow its mission of service to the local community and in particular the most vulnerable provide opportunities for the development of Christian discipleship in the congregation and surrounding community offer leadership and support in responding to the climate emergency. Church Membershi The number on the Electoral Roll at 31 December 2020 was 264 (2019: 265). & Attendance st The attendance at church services was massively affected by the pandemic. We recorded or live-streamed services of Parish Communion and the Family Service weekly. These were both very successful, as were the Youth church meetings on Zoom. The first service we recorded reached over 300 viewers, but as other churches started putting on streamed services our numbers dropped but seldom to below 100. The chart below shows total attendance, with the remote viewing and attendance in person combined for the times when we had a service in the church. In October, the month previously used for comparisons, there was an average of 142 people attending either on line or in person. In October 2019, 113 people on average attended Parish Communion services.
Parish of All Saints Wokingham 2020 PAGE 5 Attendance at Parish Communion on~line and in church 400 350 300 250 200 150 100 50 March December Review of the ear The year was dominated by the pandemic, and the need to adapt to the differing and often rapidly changing requirements, with no element of church life untouched: Worship: The church building was closed completely to the public by Government order for two months including Easter and then re-opened daily for private prayer as soon as this was allowed. There were extensive Covid safety measures put in place, thanks to some very hard work by the clergy and wardens with a team of helpful volunteers. Sunday worship continued every week, on-line during the ban on communal worship, then in church when allowed between July and October. There was enough advance notice of the first lockdown to enable the Director of Music to record hymns and readings which he subsequently mixed with celebrations of communion from clergy homes, and later from the church to provide a recorded communion on You Tube every week. For people without Internet access, sermons, prayers and notices were available on a phone line. Explore youth church was a particular success in Zoom and broadened its age range to include the seniors from Junior Church. Junior Church was not able to continue in person but family service continued- sometimes on-line and sometimes in The Cornerstone. A change of time allowed Family Service to cover the Junior Church slot with parents attending in The Cornerstone and then going through to the Communion service in church. Funerals, christenings and weddings were held following the rules applicable at whatever time they were held. There was a significant reduction in the number of all these occasional services. The first two of our Christmas services (Christingle and the Nativity) were held as planned, but the PCC decided to restrict all of the others to on-line only as the evidence of the spread of Covid grew in the third week in December. Morning Prayer remained online by Zoom from March until the end of the year with slightly increased attendance. Night Prayer on Zoom weekly was added to the service5 schedule early in the lockdown and also continued through the rest of 2020.
Parish of All Saints Wokingham 2020 PAGE 6 Pastoral care: Keeping in touch with people was at the very top of the priority list for the first lockdown and has remained that way. A telephone call plan was developed to make sure we kept in touch with those not known to have internet access. Regular contact was made with the care homes, including occasional visits (to the front door only of course). Governance and staff: All meetings, including the Annual Parochial Church meeting, went on-line and at the beginning of the first lock down most were held much more frequently than usual to ensure as much business as possible continued with minimum risk. We welcomed Jane Hodgson as our new Parish Administrator and Amanda Lambourne as Cornerstone Administrator in August. They have adapted cheerfully with the additional challenges to settling in, working part from home, part in the office as required by the different Covid restrictions. In the new communities one of the main events was the distribution of sunflower seeds in the spring, during Lockdown #l. A few volunteers distributed small packets of seeds across new estates including Montague Park and Keephatch Gardens, with simple instructions on how to plant and care for them - both an activity for families and something to brighten up the neighbourhood. It was something that people really appreciated and engaged with: the results were lovely and quite a few photos were posted on the Facebook page. Meetings and events have been very limited but the ladies group met for dinner in early 2020 and keep in touch via WhatsApp. The spaceforall project (www.s aceforall.or .uk): Work on this project slowed after the first lockdown for Covid but we subsequently took a hard look at this and realised that it was essential to move forward as quickly as we could to create an open and accessible community hub. We were granted a faculty in December and recruited a fund-raising consultant to help us realise the much cut down Phase l of our building plans. Our mission to the more vulnerable members of the community was much reduced. There was a real success in the first two months, when, with a team of volunteers, we ran a Winter Night Shelter for two months from January 2020. We hosted Sunday nights and, in co-operation with six other churches in the town, every night was covered. This was enthusiastically welcomed by all the visitors. Statutory provision for the homeless was increased as result of Covid and in any event our early 2020 provision for a shelter would not be considered Covid secure. We hope that local authority provision for the homeless will continue, but if a shelter is required again there will be some residual momentum from 2020. The Lunch Club continued to meet enthusiastically for the first ten weeks of the year, but was forced to close, though contact has continued with its members. The Cornerstone As the Covid requirements unfolded we became increasingly aware of the difference between the Cornerstone as a community venue (the halls and the de Vitre room) which had to close almost all the time and a rented space (the Wokingham Job Support Centre and counselling rooms) and our own offices which had to stay open. The requirements for each were very different but all our users were very sympathetic to the new requirements. Judi Arnold retired as manager in September and Monica Martin retired as bookings secretary in June after 15 years of excellent support. We held a socially distanced farewell for her (no more than six at a time) outdoors in June. FINANCIAL REVIEW We were really blessed by the ongoing financial support from our congregation and others. Regular giving held up well during the pandemic but our special collections and money on the plate were massively reduced. However almost all church expenditure is fixed - we have continued to pay our Parish share and give IO% of our previous year's income to mission charities. To help bridge the gap a Covid appeal was launched at the end of the year which brought in some useful one-off donations amounting to over £3,000. The Cornerstone finances were very hard hit by the pandemic. Although we had a very few bookings, the community use of the downstairs halls has effectively only operated for three months, reducing the income by 75%.
Parish of All Saints Wokingham 2020 PAGE 7 We benefitted from extensive furlough grants for our cleaning and caretaking and office staff, and a discretionary local authority grant as well as rate relief. Fortunately, the Job Support Centre and the counsellors who use upstairs rooms were able to make some use of the building were able to function for more months than that. Expenditure was slightly reduced with less heating needed, some of the time without any paid office staff and a rate rebate, but overall the operating deficit of £3000, compared with a usual surplus of £15 -20,000 has meant the contribution we make to the reserves we hold for refurbishment of the building has suffered significantly. Fortunately, our two tenanted cottages in Wiltshire Road were occupied and rent payments were kept up. RESERVES POLICY Our reserves policy is to: Hold reserves to cover three months operational cost and £25,000- £50,000 to cover cash flow for maintenance of the church building. Separate reserves will be held to cover five years of maintenance and refurbishment of the cottages and of The Cornerstone. Major capital projects will be financed through separate fundraising. Rebalance our funds annually to keep the reserves close to the agreed range for each fund. The Cornerstone funds will be used first to rebalance others, with any excess added to a Community Projects Fund, which the PCC will use for church mission in the community. Ensure the intended use of any designated funds is clear and hence we have renamed our legacies fund this year, following the agreement of the PCC to designate this money to the spaceforall project. Identify projects on which any surplus above overall reserve requirements can be spent to meet the mission of the church within a five-year time frame. In relation to our current funds, reserves stand at: Policy £20,000 £25,000- 50,000 £70,000- 85,000 £5,000 End of 2020, reserves £14,259 £34,343 £72,925 £77,600 £10,416 General Fund Church and Churchyard Maintenance Cornerstone Funds Community Projects Cottages Management and Maintenance The Community Projects fund is earmarked for the spaceforall project. £10,000 FUNDS HELD AS CUSTODIAN FOR OTHERS For the Rector and Church Wardens, the PCC continues to hold funds which are the residue of a legacy from the late Helen Victoria Hall. These funds are the remaining proceeds in respect of the sale of her former home in Lowther Road, Wokingham on 18th May 2011. In accordance with the terms of her will these funds are unrestricted and so may be used by the Rector and Church Wardens for general purposes to the benefit of All Saints Church. Historically the Rector and Church Wardens have permitted the PCC of All Saints Wokingham to benefit from interest earned and from any value increase of monies held in the fund without further authority from themselves. This is in addition to any transfers initiated by themselves to the PCC. There was no spend from this fund this year and the income is gifted to the PCC, so the value remains as at the of 2019- i.e. the value of the fund as at 31st December 2020 was £52,854. PLANS FOR FUTURE PERIODS At the end of 2019 the church held an open meeting to review its strategy, and although the pandemic has changed our tactics there have been no major changes to our strategy to provide a broad range of worship. now including streamed and recorded services, and to support this with our pastoral care programme and community outreach. The following are priorities: The spaceforall project Encouraging new disciples and to increase the understanding and practice of good discipleship for all
Parish of All Saints Wokingham 2020 PAGE 8 Offering worship beyond the church walls in local schools and care homes, extending pastoral care in the local community, staying in contact with people by phone, video email and social media when personal contact is restricted Supporting local provision to combat homelessness as part of the Churches Together in Wokingham initiatives. Offering leadership on the climate emergency and the need to restore the environment. RISK MANAGEMENT The PCC defines risk as the threat of any action or event which will adversely affect our ability to achieve our objectives or execute our strategies. Risk relates not only to the negative consequences of a threat, but also to the impact of not taking advantage of opportunities. The Risk Management Policy is reviewed annually and top risks kept constantly under review. The top risks are (l) lack of volunteer input and time and (2) the lack of financial income. The PCC has a practical Health and Safety Policy covering activities for both the church and its surrounding grounds and The Cornerstone. This is reviewed on a regular basis. An Accident Book is maintained. The PCC is aware of its responsibilities in respect of the Regulatory Reform (Fire Safety) Order 2005 and has appointed the churchwardens to be the responsible persons to ensure we meet the requirements. All Saints has a Safeguarding Policy (see the web site) in place in respect of children and vulnerable adults. Checks have been and are being made with the Disclosure and Barring Service in respect of persons dealing regularly with young people and vulnerable adults. Training is an important element of this policy. The Pcc-appointed officers for this are Mrs Judi Arnold and Mr Tom Lochhead. The contents and obligations of the Equality Act 2010 are known and complied with to the best of the PCC'S ability. The PCC agreed a plan to meet the new legislative requirements under the General Data Protection Regulations and our policy is on our web site. STRUCTURE GOVERNANCE AND MANAGEMENT The method of appointment of PCC members is set out in the Church Representation Rules. All church attendees are encouraged to register on the Electoral Roll and to stand for election to the PCC. The PCC is responsible for a wide range of matters affecting the parish, including compliance with health & safety and disability legislation and child protection. In their capacity as trustees, members of the PCC are responsible for the stewardship of the funds and for appropriate accounting and reporting of the parish finances. The PCC works to ensure that each member of the council is equipped to fulfil their role. The PCC is responsible for all legal, financial and policy matters. Responsibility for the church building resides with the churchwardens. There are also a number of sub-committees and task groups which report to the PCC and are responsible for specific areas of the church's activities. Standing Committee Transacts the business of the PCC between meetings. Sets the agenda for PCC meetings and distributes relevant information to PCC members Has oversight of all finance and the associated administration. Promotes and administers pledged giving and the administration of giving, gift aid and the finances of the church Advises the PCC and the Cornerstone management team on community issues Became the Cornerstone Committee in January 2021, and is responsible for oversight of The Cornerstone Responsible for the plans to make our church a lively community space Finance Committee Giving Campaign and Finance Teams Community Forum Cornerstone Management Team spaceforall team
Parish of All Saints Wokingham 2020 PAGE 9 It is considered that all PCC members and any others who could be understood to be managers in the activities and affairs of All Saints are deemed to be 'fit and proper, persons under the terms of the Finance Act 2010. In-office training is made available to all PCC members as required. ADMINISTRATIVE INFORMATION Status: The Parish of All Saints Wokingh2m is part of the Deanery of Sonning and of the Diocese of Oxford. ondence Address: All Saints, Parish Office, The Cornerstone, Norreys Avenue, Wokingham, RG40 IUE Corres Parochial Church Council Membership of the PCC is divided into two groups, ex-officio (Priests and Deacons licensed to the Parish, Churchwardens and members of the Deanery Synod) and those elected by the Annual Parochial Church Meeting (APCM) which was held in October 2020 in accordance with Church Representation Rules. Additionally, members may be appointed by the PCC during the course of the year to make up numbers if a vacancy occurs. During this year the following served as members of the PCC. The PCC met eleven times during the year. Incumbent The Revd. Canon David Hodgson (Chairman) Elected members John Burbury Michael Freeman Elizabeth Edge Geoff Davies (from October 2020) Jon Helyer Julie Holmes (until October 2020) Rachel Knowles Jason Ndungu Zara Ross Stephen Smith (from October 2020) Hazel Todd Robert Vacher Kevin Wernham (until October 2020) Matthew Woodham Clergy licensed to the Parish The Revd. Hannah Higginson Wardens Clive Charlton Geoff Davies (until October 2020) Alun James (from October 2020) One warden post is vacant Deanery Synod Peter Barrett John Boylan (from October 2020) Anne King Judith Scott (until October 2020) John Smith (until October 2020) Stephen Smith (until October 2020) Co-opted The Revd. Colin James Cheryl Field (from October 2020) Bank: Inde endent Examiner: Le al Status HSBC Bank plc, l Market Place, Wokingham, RG40 IAL The Revd. Alan A. Clements, 15 Carleton Road, Gt Knowsley, Chorley PR6 8TQ Under the terms of section 3 of the Parochial Church Councils (Powers) Measure 1956 the Parochial Church Council (PCC) is a body corporate and is registered with the Charity Commission under number 1127585. Signed The Reverend Canon D Hodgson, Rector th Date .........13 April 2021
Parish of All Saints Wokingham 2020 PAGE 10 STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2020 Notes General Funds Designated Restricted Funds Funds Endow ment Funds Total Total 2020 2019 Income and Endowments [1] Donations and legacies Income from charitable activities 171,359 1,020 126,612 298,991 196,478 9,579 25,025 34,604 80,696 Other trading activities Investments 1,324 1,324 26,507 6,673 1,110 22,691 2,706 28,980 Other income 12 17,089 3,992 21,093 16,411 Total income and endowments 183,384 65.825 133,310 382,519 329,238 Expendlture Raising funds Expenditure on charitable activities Other expenditure Total expenditure [2] 898 2,508 8,542 11,948 7,217 191,150 31,323 16,311 141,684 364,157 324,556 15,890 4,100 36,301 34,933 366,706 207,938 50,142 154,326 412,406 Net Income l (Expenditure) before Transfers & Gains -24,554 15,683 -21,016 -29,887 -37,468 Gross transfers between funds- in 15,000 7,600 -96,800 76,800 99,400 97,613 Gross transfers between funds - out -2,600 2,760 -99,400 -97,613 Gains/(losses) on investment assets [5] -5,115 -2,355 11,082 Net movement in funds ~9,554 -73,517 55,944 -5.115 -32,242 -26,461 Total funds brought forward as at 1st January Total funds carried forward at 31 December 23,813 519,760 885,586 32,256 1,461,415 1,487,858 14,259 446,243 941,531 27.141 1,429.173 1,461,397 The accounting policies and notes on pages 12 - 18 form part of these financial statements.
Parish of All Saints Wokingham 2020 PAGE 11 BALANCE SHEET AS AT 31ST DECEMBER 2020 Notes 2020 2,019 Fixed Assets Tangible Assets Investments [4] [5] 1,032,792 1,059,436 74,335 76,443 1,107,127 1,135,879 Total Fixed Assets Current Assets Debtors and Prepayments& Accrued Income Cash at bank & in hand [6] [7] 21,390 5,327 379,254 401,840 407,167 Total current assets 400,644 Liabilities Creditors: Amounts falling due after less than one year Liabilities & charges due within one year [8] [8] 15,680 61,298 8,417 64,282 Net current assets 323,666 334,468 Total assets less current liabilities 1,430,793 1,470,347 Creditors: amounts falling due after more than one year [8] [8] 7,314 Provision for liabilities after one year 1,620 1,620 Net Assets 1,429,173 1,461,413 Represented by: Endowment funds [10] [10] [10] [10] 27,141 32,256 Restricted income funds 941,531 885,586 Designated funds Unrestricted funds 446,242 519,760 14,259 23,813 Total funds of the charity 1,429,173 1,461,415 th On 13 April 2021 the Parochial Church Council adopted thes ccounts" they ere signed on its behalf by: Chair of the Meeting Church Warden
Parish of All Saints Wokingham 2020 PAGE 12 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 2015. Income due to other parties Most income due to other parties is immediately recorded as a liability and is not recorded as the PCC'S income. Examples are expenses from funeral directors that are intended for clergy, and * clergy fees for weddings (these are remitted directly to the diocese). However charitable income on which the PCC claims gift-aid benefits is now recorded as income (and subsequent expense) to comply with HMRC rules. Wiltshire Road propertie5 The buildings at l & 3 Wiltshire Road are investment properties. These are included in the balance sheet at their last estimated market value. No depreciation is provided on these properties. The financial statements have been prepared under the historical cost convention except for the valuation of investment assets, which are shown at market value. The Cornerstone property The Cornerstone building was capitalised with effect from 1st January 2006 at a value equal to its total building cost. It is being written down over 50 years on a straight line basis. The land it occupies was already owned by the PCC, and is excluded from the capitalised value. FUNDS General funds represent the funds of the PCC that are not subject to any restriction 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. 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 accounted for on the revaluation of investments at 31st December. Furniture and fittlngs Furniture, fittings used within the Cornerstone and other church premises are depreciated over a straight-line basis over 10 years. Most relevant items acquired for the Cornerstone were capitalised en masse as at 1st January 2005 and are now fully depreciated. The solar panels on the Cornerstone were acquired in 2012 and have been capitalised at 50% of their invoice cost, thereby assuming that the other 50% was for installation. Restricted funds are those funds that must be spent for a particular purpose as specified by the donor. RESOURCES USED By policy, the PCC must approve the transfer of money between designated Funds. Grants Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the pcc. Endowment funds are funds given in perpetuity, the income from which may be used only for the specified purpose. The capital may not be spent. These funds must be held for us by the Diocesan Trustees (Oxford) Ltd. Office equipment Individual items of equipment with a purchase price of £750 or more are written down over three years; those of lesser value are written off when the asset is acquired. Artivities directly relating to the work of the Church The diocesan parish share is accounted for when due. Any unpaid parish share at 31st December is provided for in these financial statements as an operational (though not a legal) liability and is shown as a creditor in the balance sheet. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the financial statements of church groups that owe their main affiliation to another body, nor those that are informal gatherings of church members. OTHER ASSETS Investments Investments are valued at market value at 31st December. As there is effectively no market in shares of Traidcraft PLC, they are held in the books at cost value. FIXED ASSETS Consecrated property and moveable church furnishings Consecrated and beneficed property of any kind is excluded from the financial statements by Section 10.2 of the Charities Act 2011. INCOMING RESOURCES Voluntary income and capital sources Collections and donations are recognised when received by or on behalf of the PCC. Planned giving receivable under pledge is recognised only when received. The church reclaims tax on gift-aided donations and this represents a substantial element of the church's income. Gift-aid unclaimed at the year-end is estimated and accrued. Current assets Amounts owing to the PCC at 31st December in respect of fees, rents or other income are shown as debtors less provision for amounts that may prove uncollectible. Amounts owed by the PCC at 31st December are shown as creditors. Moveable church furnishings held by the Rector and churchwardens on special trust for the PCC and which require a faculty for disposal are accounted for as inalienable property unless consecrated. They are listed in the Church's inventory, which can be inspected (at any reasonable time). For inalienable property acquired prior to 1996 there is insufficient cost information available and therefore such assets are not valued in the financial statements. Short-term deposits include cash held on deposit either with the HSBC bank or with other institutions where minimal notice is required. 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. Stocks on Hand Stocks of items for sale are valued at their shared production cost provided thelr eventual sale is deemed likely. Other income Income from the letting or hire of church premises is recognised when the amounts are due. All expenditure in the year on consecrated or beneficed buildings and moveable church furnishing, whether maintenance or improvement, is written off as incurred.
Parish of All Saints Wokingham 2020 PAGE 13 NOTES TO THE ACCOUNTS NOTE I. INCOME General Designated Restricted Funds Funds Funds Endow ment Funds Total 2020 Total 2019 Income from donations and legacies Pledged giving Unpledged giving Sundry donations Special appeals Gift-aid income 112,505 2,258 114,763 122,587 19,770 29 19,799 22,662 7,801 700 8,501 14,430 103,357 103,357 52,571 403 31,283 320 20,968 36,396 Total 171,359 1,020 126,612 298,991 196,478 Income from charitable activities Fee income 6,151 6,151 8,086 Bellringer, choir, organist, flower & verger fees Magazine subs & casual purchases Magazine advertising Hire of church & Cornerstone 1,587 857 2,444 1,849 394 394 1,025 1,366 1,366 2,293 22,678 22,678 64,166 Sundry operating-activity income 81 81 1,158 Miscellaneous income by related organisations 1490 1,490 2,119 Total 9,579 25.025 34,604 80,696 Other trading activities Trading- musical events Trading- non-music activities Total 700 700 4,040 624 624 2,633 1,324 1,324 6,673 Investments Income from investments 1,110 514 2,706 4,330 5,602 Rent from cottages Total 22,177 22,177 23,378 1,110 22,691 2,706 26,507 28,980 Other income Grants received 15,885 3,992 19,877 14,992 Sundry income Total 12 1,204 1,216 1419 12 17,089 3,992 21,093 16,411 Total income 183,384 65,825 133,310 382,519 329,238
Parish of All Saints Wokingham 2020 PAGE 14 NOTE 2. EXPENDITURE General Designated Restricted Funds Funds Funds Endow ment Funds Total 2020 Total 2019 Raising funds Cottages expenditure Cost of trade- general Costs of hiring church out Costs of musical events- other 2,227 2,227 2,136 684 684 2,183 42 42 122 281 403 546 Stewardship committee costs Other fundraising costs Total 49 49 264 8,542 8,543 2,088 898 2,508 8,542 11,948 7,217 Expenditure on charitable artivities Accounting costs Church insurance 6,091 6,091 5,174 5,434 5,174 5,062 Church large scale maintenance Church small scale maintenance 114,193 114,193 394 36,396 150 244 1,306 Church utility and cleaning costs Churchyard costs Clergy expenses & training Congregational events Cornerstone operating costs Cornerstone set-up & depreciation Magazine costs Mission grants- PCC annual plan Mission grants- outside PCC annual plan Mission grants- Soulscape part of plan Outreach-junior church, young people Outreach - youth worker Outreach - other outreach 5,509 5,509 7,533 114 1,524 1,638 4,241 1,673 1,673 2,762 412 190 119 309 26,764 26,764 40,696 24,319 26,643 26,643 200 200 750 15,300 15,300 11,792 287 287 1,217 3,000 3,000 853 2,000 1,797 13,303 210 643 161 Parish share 125,132 727 125,132 130,235 Synod & CTW fees Worship- choir costs Worship - Director of Music & visiting organists Worship - general worship (incl. flowers) Worship- wedding & funeral organists & vergers Sundry expenditure Miscellaneous expenditure by related orgs Total 727 495 107 107 158 24,246 24,246 3,493 23,614 5,616 2,953 454 86 476 132 608 1,179 10 1,959 1,806 1,806 2,119 324,556 191,150 31,323 141,684 364,157 Other expenditure Office C'stone admin staff cost 13,157 2,698 13,678 2,473 26,835 28,463 6,224 Office & C'stone other admin 4,100 9,271 Subscriptions Total 35 160 195 246 15,890 16,311 4,100 36.301 34,933 Total expenditure 207,938 50,142 154,326 412,406 366.706
Parish of All Saints Wokingham 2020 PAGE 15 NOTE 3. STAFF COSTS 2020 £56,707 £2,102 -£2,102 2019 £59,894 £2,727 -£2,727 Gross wages and salaries Employer's Nl due Employerfs Nl refund Number equivalent of full-time employees at year~end Number of employees with emoluments between £10,000 and £60,000 The Rector and other clergy, who are on PCC ex officio, received reimbursement of £1,673 for their general travel (much reduced in 2020 because of the pandemic) postal, telephone and stationery expenses and various contributions to their book acquisition expenses (figures include accruals). The Treasurers and Churchwardens were reimbursed postal and similar expenses incurred for the purposes of PCC activities. Some members of the PCC are also members of the choir and bell-ringers, and some act as vergers for weddings, funerals and church-hires; they receive a small remuneratlon for these duties. There were no other disclosable transactions in respect of PCC members, persons closely connected with them or other related parties. NOTE 4. TANGIBLE FIXED ASSETS Investment properties Freehold land & buildings Fumishings Computer & & fittings similar kit Total ACTUAL I DEEMED COSTI As at1st Jan 2020 240,000 1,117,640 56,971 9,891 1,424,502 VALUATION Additions Disposals As at 31 st Dec 2020 240,000 1,117,640 56,971 9,891 1,424,502 DEPRECIATION As at1st Jan 2020 332,736 22,426 22,439 4,218 9,891 365,066 26,644 Charge for the year Depr'n on disposals As at 31 st Dec 2020 355,162 26,657 9,891 391,710 NET BOOK VALUE As at1st Jan 2020 As at 31 st Dec 2020 240,000 240,000 784,904 762,478 34,532 30,314 1,059,436 1,032,792 The PCC owns the buildings at l and 3 Wiltshire Road. The properties were estimated, in 2002, at a joint value of £240,000. The Cornerstone and most of its furnishings and fittings were capitalised in the church's books as at 1st January 2005. The building is being written down over 50 years; the original furnishings and fittings have now been fully depreciated, but the new kitchen and office furniture installed in 2019 are now included in the assets register The solar panels on the Cornerstone were acquired in 2012 and have been capitalised at 50% of their invoice cost, assuming that the other 50% was for installation.
Parish of All Saints Wokingham 2020 PAGE 16 NOTE 5. INVESTMENT ASSETS FOR USE BY THE PCC Market I book value at 31 st Dec 2019 76,444 2,108 Gain/(loss) on annual revaluation Purchases and disposals Value at 31 st Dec 2020 74,336 NOTE 6. DEBTORS / ACCRUED INCOME / PREPAYMENTS 2020(£) 20,956 -648 2019 (£) 5,042 Tax recoverable on gift-aid receipts Debtors Other prepayments Total 1,082 21,390 285 5,327 NOTE 7. SHORTTERM INVESTMENTS AND CASH AT BANK 2020(£) 2019(£) HSBC Current Account 56,236 3,439 55,647 120 31,561 23,914 51 HSBC Youth worker Account HSBC spaceforall account Petty Cash CBF deposit PCC General CBF deposit Cottages Deposit Cornerstone Day-to-Day Bank Account Cornerstone COIF Deposit Acct Related Organisations, bank+cash Triodos Bank 120 22,761 7,344 27,356 125,070 6,573 74,708 22,664 7,314 33,341 124,562 6,845 73,839 77,629 Secure Trust Total 379,254 401,840 NOTE 8. CREDITORS/ ACCRUED EXPENDITURE/DEFERRED INCOME 2020(£) 2019 (£) 15,680 8,417 52,854 52,854 5,200 5,719 3,244 5,709 76,978 72,699 Due within one year Creditors Loans payable Deferred income Accrued liabilities Total Due after more than one year Creditors 7,314 Liabilities 1,620 1,620 1,620 8,934 Total The Loans Payable element above records an interest-free loan made to the PCC by the Rector & Churchwardens. Creditors includes £7344 in respect of a creditor in respect of a deposit taken on rental of the church properties. This will be due in 2021 so has now moved from "More than one yearf, to'within one yearf,.
Parish of All Saints Wokingham 2020 PAGE 17 NOTE 9. TRANSFERS The following major transfers have been made: £15,000 into the General Fund to bring it closer to its reserves level £20,000 from the Cottages Fund distributed £5,000 into Church Maintenance and £15,000 into the General Fund £76,800 from the Legacies Fund into the spaceforall Fund to pay for the detailed design work which is essential before one can apply for grants, and as agreed by the PVC in July 2019 NOTE 10. ANALYSIS OF NEf ASSETS BY FUND Unrestricted General (£) Designated (£) Restricted (£) Endowment (£) Total (£) Tangible Assets Investments 240,000 9,502 204,210 7,470 792,792 37,066 176,633 64,960 1,032,792 74,335 400,644 78,598 626 27,141 Current Assets 19,801 6,168 Liabilities Internal Debts Total 14,259 446,242 941,531 27,141 1,429,173 NOTE 11. FINANCIAL COMMITMENTS The Parochial Church Council had, at the end of December 2020, neither approved nor contracted for any capital expenditure nor any significant repairs expenditure. It is however working on plans for significant building works in the church (known as "spaceforall") for which grants will be sought and funds raised from a range of sources. Contract work is not expected to start until 2021 and only once adequate sources of funds have been secured. Commitments to date are restricted to professional and other fees and investigations for which there are more than adequate funds in the legacy reserve. NOTE 12. OTHER STATISTICS Grants received from local authorities and Commonwealth Graves Commission towards maintenance of burial grounds Grants received/income raised by special appeal towards the costs of new buildings/extensions Cost of fundraising activities (including those for the spaceforall project) £ 1,992 £121,604 £8,592
Parish of All Saints Wokingham 2020 PAGE 18 NOTE 13. ANALYSIS OF FUNDS Asat 31.12.19 Gains or losses Asat 31.12.20 Income Expenditure Transfers General Funds 23,813 183,384 -207,938 15,000 14,259 Designated Funds *Church Maintenance 31,119 15,875 -1,776 -42,916 5,000 34,343 13,195 Cornerstone Day-To-Day Cornerstone Maintenance 40,236 11,060 11,060 48,670 Cornerstone Refurbishment 48,670 75,000 'Community projects Cottages Mgt & Maintenance Legacies Properties (cottages) Solar Energy Community Fund Bell Ringers, Total Des. Funds Choir's Total Funds 2,600 -20,000 77,600 10,466 22,177 -2227 10,416 76,554 246 -76,800 240,000 240,000 3,777 3,777 3,551 1,847 -1,562 3,836 101 -101 Fellowship's Total Funds Flower Guild's Total Funds 589 183 -772 2,998 1,135 -788 3,345 Total Designated 519,760 65,824 -50,142 -89,200 446,242 Total Unrestricted Funds 543,573 249,208 -258,080 -74,200 460,501 Restricted Funds All Saints School Fund 536 625 -539 622 spaceforall Celebrating Community Flexible and Tower Churchyard Esme Few Music Fund 5,067 121,851 -121,990 76,800 81,728 4,658 3,845 -4845 -2,600 1,058 5,096 1,992 7,088 117 117 Graves Fund 17,700 922 2,122 20,744 Harvest Floral Gifts 54 54 Heating Fund May Harwood Acc. Income All Saints Music Fund 3,665 3,665 8,366 1,259 9,625 3,416 3,416 Music Equipment Fund Organ Fund Properties (Cornerstone) Fixtures and Fittings Sunday School Youth Worker 1,768 1,768 1,564 1,564 784,904 -22,425 762,479 34,532 4,217 30,315 14,546 277 -190 638 15,271 1,181 2,852 4,033 Night Shelter Total restricted Third party/ agency/other folks 615 -119 496 887,785 133,623 -154,325 2,760 74,200 944,043 -2,199 -313 -2,512 Endowment Funds DTOL May Harwood 32,256 -5115 27,141 Total Funds 1,461,415 412,405 "These funds are available for use for our spaceforall refurbishment project for work on the building and in the churchyard 382.518 -2,355 1,429,173