WOKINGHAM
The Parish Office, The Cornerstone, Norreys Avenue, Wokingham RG40 1UE Tel: 0118 979 2797 __ parishoffice@allsaintswokingham.org.uk Reg. charity no. 1127585
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An example of how the church might be arranged on completion of the spaceforall works
ANNUAL REPORT AND ACCOUNTS 2021
Parish of All Saints Wokingham 2021
PAGE 2
CONTENTS
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Parish of All Saints Wokingham 2021
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 2021
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:
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e to examine the accounts under section 145 of the Charities Act eto follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
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e tostate whether particular matters have come to my attention.
Basis of the Independent Examiner’s 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 consequenily 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 examiner’s 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. | 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.
amt ioe wh Ylemerll
oae Th. April 2022.
The Revd. Alan A. Clements MA ACIB FCIE Relevant professional qualification Fellow Association of Charity Independent Examiners. ACIE PCC CC32 Address: 15 Carleton Road, Great Knowsley, Chorley, Lancashire. PR6 8TQ.
Parish of All Saints Wokingham 2021
PAGE 4
PARISH OF ALL SAINTS, WOKINGHAM SUMMARY ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31ST DECEMBER 2021
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 worship every day and, in usual circumstances, three 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. During the Covid restrictions, much of this was curtailed.
The church is a registered charity and the PCC has regard to the Charity Commission's guidance on public benefit in The Advancement of Religion for the Public Benefit in the activities it plans. The church provides a benefit to the public by:
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® 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
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® 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 2021 was to continue to discern and undertake God’s mission in Wokingham, with specific objectives to:
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e further develop the plans for the spaceforall project to turn the church into an active community hub
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e grow its mission of service to the local community and in particular the most vulnerable e develop its mission to the new housing areas in Wokingham
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® provide opportunities for the development of Christian discipleship in the congregation and surrounding community
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e offer leadership and support in responding to the climate emergency.
Church Membership & Attendance
The number on the Electoral Roll at 31 December 2021 was 261people (2020: 264).
Church attendance was restricted throughout the year by the requirement for social distancing. The Christmas services were all ticketed events. The number of attendees are shown in the chart overleaf.
Parish of All Saints Wokingham 2021
PAGE 5
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Attendance - number of people
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Parish communion services October average =semQQ ===
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ft) 20 40 60 80 100 120
mAdults m Children
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Review of the year
As in 2020, 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 remained open daily for private prayer, with extensive Covid safety measures in place, thanks to some very hard work by the clergy and wardens with a team of helpful volunteers. For people without Internet access, the services were available on a phone line.
Sunday worship continued every week, though on-line only until the end of March, and then both in church and on line. Xplore youth church continued to meet, mainly on line. Easter services were able to take place in the church unlike in 2020, with a notable return to worship of families on Good Friday. Funerals, christenings and weddings were held following the rules applicable at whatever time they were held.
A special Sung Evensong was held on 31* October to celebrate All Saints Sunday and was the first convening of the robed choir for public worship with a congregation since March 2020. This was led by our guest organist David Rance. This produced the largest attendance at a choral service recorded in recent years, apart from Christmas, 100 in total including the choir.
Much to our delight all our Christmas services were held with tickets issued for most of them up to our capacity of 100 people, for safety. Under David Rance’s baton and with John Boylan’s recruitment skills, our robed choir provided a most welcome uplift to our worship on Remembrance Day, at our candlelit advent carol service and for Nine Lessons and carols on Christmas Day.
Pastoral care: Keeping in touch with people remained at the top of our priority list. Regular contact continued with the care homes, including occasional visits and by the end of the year we were again able to take services at these places. Mothering Sunday took place during the January-March 2021 lockdown and so in place of a service, gift bags were distributed by church members to some 80 mothers of young children on the church database, with much appreciation from recipients.
Governance and staff: All meetings, including the Annual Parochial Church meeting, have remained on-line . Our staff have worked both in the office and at home according to the needs of the church and Cornerstone.
The Reverend Hannah Higginson started maternity leave on 18" January continuing through the remainder of 2021. We rejoiced at the birth ofa son, Daniel in February, and his baptism in the church in September.
Parish of All Saints Wokingham 2021
PAGE 6
The Reverend Becky Medlicott joined the ministry team as a curate-in-training following her ordination as a deacon on 3 July. Her welcome reception the following day saw the first social event arranged by the church since the winter 20/21 lockdowns.
Richard Smith, our Director of Music resigned in October 202. We were delighted to welcome back David Rance as organist and Damarai Gumbs as a volunteer pianist for our 10 am Parish Communion services.
Our mission to the new housing areas
Routine ministry and pastoral work continued in the new housing areas as part of parish ministry , though special initiatives were suspended party because of the restrictions on events and partly because of the Reverend Hannah Higginson's maternity leave. The Reverend Becky Medlicott re-established links with Floreat School on Montague Park.
The spaceforall project (www.spaceforall.org.uk)
Following the granting of the faculty in December 2019, work went up a gear to fund raise for the much cut down first Phase of the project. Our fund-raising consultants helped us plan our programme of work and helped us compile nearly 60 applications to grant making trusts. The successful ones are listed in Note 6 to the accounts. Judith Scott led a small team working a campaign for big individual donations, bringing in a most welcome £200,000 during the campaign. At the end of the year we held two workshops to help start the planning for operating the building once reopened.
A particular highlight was the garden afternoon held in July at Haines Hill, home of our project patron, Lucy Zeal, High Steward of Wokingham. Lucy's garden was looking magnificent and the timing of the event as lockdown restrictions were almost completely lifted — bringing the church and community groups together.
To raise community awareness of spaceforall, church members under the spaceforall team identity took partina community fitness and sustainability promotion scheme “Beat the Street” during June and July . The team achieved second prize on both total and average points in the community groups section.
In September on Heritage Weekend the churchyard was opened as part of the focus on Edible England with a biodiversity emphasis and also promoting awareness of spaceforall . A partnership with U3A groups researching both the natural and social history of the parish focused on the church and churchyard site continued though the year.
In September the Rector took to his cycle in the annual Berkshire Historic Churches Ride n Stride event to raise money for spaceforall, while others participated in the event at a more leisurely, walking pace.
Later in the autumn, a coffee morning at the home of Zara Ross (PCC member) and a sponsored swim by Jo Robinson helped bring our events and activities fund raising total to over £4000— a welcome input from donors who are not all congregation members.
We went out to tender for the project in October and the PCC agreed on the 1* February 2022 to let a contract to Borras Construction.
Our mission to the more vulnerable members of the community continued at much reduced levels, with some Willing Sprit fitness classes and we were delighted that the Lunch Club restarted in October under Judi Arnold’s caring leadership. We were delighted to receive a grant of £50,000 for the spaceforall project from Wokingham United Charities accompanied by an interest in working with us to use the refurbished building to meet their objective of “Relief in Need”.
The Cornerstone
With all the changes on restrictions during the pandemic it has been an unsettling time for The Cornerstone. Almost nobody used the building during the first part of the year, though there was a particular notable exception: we becamea polling station for the local elections in May. In the autumn, we hoped to return to normal but even the already low hall bookings were often cancelled.
Parish of All Saints Wokingham 2021
PAGE 7
FINANCIAL REVIEW
We continued to be 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. Thanks to the loyalty of the regular givers, we continued to pay our Parish share and give 10% of our income to mission charities.
The Cornerstone finances continued to be very hard hit by the pandemic, with hire income no higher than 2020 (i.e. 50% below normal levels), Discretionary grants from the local authority brought in £8,000. Our two tenanted cottages in Wiltshire Road were occupied throughout the year and rent payments were kept up.
Post 31° December 2021
The PCC signed a letter of intent for the building contract for spaceforall on 2"? February 2021, for a value of £971,134.72.
The church is arranging a loan in the form of a mortgage offering as security the cottages we own and let at 1 and 3 Wiltshire Road. We have made internal transfers into the spaceforall fund this year of £108,269 from unrestricted funds and restricted funds where the intent of the fund is met by the spaceforall project. The Rector and Churchwarden have agreed to transfer £52,854 legacy from the estate of Helen Hall into the spaceforall fund. There is a remaining £100,000 to be raised to meet the contract amount and design costs and to give a sufficient contingency on these and other necessary items. The PCC considers that there is adequate finance to go ahead with the project.
RESERVES POLICY
Our reserves policy is to:
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e 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.
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® 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 each other, with any excess added to a Community Projects Fund, which the PCC will use for church mission in the community.
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e Ensure the intended use of any designated funds is clear e 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:
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reserves, £
General rund 20,000 13,592 With lower spending in 2022 because the church
itt pipettingnaemre _| building will beunoccupied, this is realistic
Church Maintenance 25,000 - 50,000 7,985 Reduced viesimeaiaiiga needs intially ef the
a: | refurbished building ii
Cornerstone Funds: 70,000- 85,000 | 60,247 __—| Justadequate
Community Projects 5,000 10,600 A higher——level to allow for. start ofaiidoperating the
Cottages Mgt & Maint 10,000 11,889 OK
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FUNDS HELD AS CUSTODIAN FOR OTHERS For the Rector and Church Wardens, the PCC continued through 2021 to hold funds which are the residue of a legacy from the late Helen Victoria Hall. In accordance with the terms of her will these funds are unrestricted and at the year end the Rector and wardens agreed they should be used for the spaceforall project. In these accounts they appear as income for the fund.
Parish of All Saints Wokingham 2021
PAGE 8
PLANS FOR FUTURE PERIODS
The spaceforall project operational planning, fundraising and actual building work will be central to activities thus year. The church will close for about eight months during which services will be held in The Cornerstone. We will also continue to:
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@ Develop our work in the new communities e Encourage new disciples and to increase the understanding and practice of good discipleship for all
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e Offer worship beyond the church walls in local schools and care homes and extended pastoral care in the local community
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e Develop activities to support the local community especially the most vulnerable e Offer 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 relate 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 (1) Ithe successful completion of the spaceforall contract (2) lack of volunteer input and time and (3) 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 Anna Johnson and 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. There are also a number of sub-committees and task groups which report to the PCC and who are responsible for specific areas of the church's activities.
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|Standing|Committee|Responsible for transacting the|business of the|PCC between|meetings.|Sets the|
|agenda|for PCC meetings and|distributes|relevant information|to|PCC members|
|Responsible|for oversight|of all finance|and the|associated|administration.|
|Giving Campaign and|Finance|||Responsible|for pledged giving and the|administration|of giving,|gift aid|and the|
|Teams|finances|of the|church|
|Cornerstone Forum|Advises the PCC and The Cornerstone management on|user issues|
|Cornerstone|Committee|Responsible for the|safe,|efficient and|effective|running of The Cornerstone|
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Parish of All Saints Wokingham 2021
PAGE 9
spaceforall team Responsible for the building project to make our church a lively community space ;
The PCC remains responsible for all legal, financial and policy matters. Responsibility for the church building resides with the churchwardens. 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 Wokingham is part of the Deanery of Sonning and of the Diocese of Oxford. Correspondence Address: All Saints' Parish Office, The Cornerstone, Norreys Avenue, Wokingham, RG40 1UE
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 June 2021 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 fourteen times during the year.
Incumbent The Revd. Canon David Hodgson (Chairman)
Clergy licensed to the Parish The Revd. Hannah Higginson
Wardens Clive Charlton (until October 2021) Alun James One warden post is vacant
Deanery Synod Peter Barrett John Boylan (from October 2020) Anne King Two Deanery Synod posts are vacant
Elected members John Burbury Michael Freeman Elisabeth Edge Maggie Davies (from June 2021) Jon Helyer Rachel Knowles (until November 2021) Jason Ndungu (until June 2021) Zara Ross Stephen Smith (until December 2021) Hazel Todd (until October 2021) Robert Vacher Matthew Woodham
Co-opted The Revd. Colin James Cheryl Field (until June 2021)
Bank: HSBC Bank plc, 1 Market Place, Wokingham, RG40 1AL Independent Examiner: The Revd. Alan A. Clements, 15 Carleton Road, Gt Knowsley, Chorley PR6 8TQ Legal Status 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.
Signedhip... Canon David Hodgson Date 5" April 2022
Parish of All Saints Wokingham 2021
PAGE 10
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31st DECEMBER 2021
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|oe|aunds|—unds|aunds|EndowaaaFinals|Total|Total|
|2021|2020|
|Income|and|Endowments|(1]|
|Donations and|legacies|162,078|1,236|247,492|0|410,806|298,996|
|Income from charitable|activities|10,159|26,838|0|0|36,997|34,604|
|Other trading activities|315|0|2,367|0|2,682|1,324|
|Investments|358|17,511|2,632|0|20,501|26,301|
|Other income|[3]|8,948|12,539|230,642|0|252,129|21,093|
|Total income and endowments|181,863|58,128|483,136|0|723,127|382,324|
|Expenditure|[2]|
|Raising funds|161|1,035|9,306|0|10,502|11,949|
|Expenditure on|charitable|activities|202,730|37,038|68,687|0|308,459|364,161|
|Other expenditure|15,715|16,004|888|0|32,608|36,303|
|Total expenditure|218,614|54,077|78,881|0|351,579|412,413|
|Net Income|/ (Expend|mute)|Retore|-36,751|4,051|404,255|0|371,548|-30,089|
|Transfers|&|Gains|
|Gross transfers|between funds|-|in|36,054|11,060|108,386|155,500|99,400|
|Gross transfers|between funds|- out|0|-121,060|-34,440|-155,500|-99,400|
|Gains/(losses)|on|investment|assets|[5]|33|0|6,771|3,189|9,993|-2,139|
|Net movement|in funds|-664|-105,953|484,968|3,189|381,541|-26,461|
|Total funds|brought forward as at|ist January|14,256|446,245|941,535|27,141|1,429,179|1,461,415|
|Total funds|carried forward|at 31 December|13,592|340,289|1,426,503|30,330|1,810,714|1,461,397|
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The accounting policies and notes on pages 12-19 form part of these financial statements.
Parish of All Saints Wokingham 2021
PAGE 11
BALANCE SHEET
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|---|---|---|---|---|---|---|
|AS AT|31st|DECEMBER|2021|
|Notes|2021|2020|
|Fixed|Assets|
|Tangible Assets|[4]|1,006,461|1,032,792|
|Investments|[5]|84,292|74,335|
|Total|Fixed|Assets|1,090,753|1,107,127|
|Current|Assets|
|Debtors|and|Prepayments&|Accrued Income|[6]|198,376|21,390|
|Cash|at bank &|in|hand|[7]|544,689|379,254|
|Total|current assets|743,065|400,644|
|Liabilities|
|Creditors: Amounts falling due|after|less than one year|[8]|18,923|15,680|
|Liabilities & charges due within|one year|[8]|2,561|61,298|
|Net|current assets|721,581|323,666|
|Total|assets|less|current|liabilities|1,812,334|1,430,793|
|Creditors:|amounts falling due after more|than one year|[8]|0|
|Provision for|liabilities after one year|[8]|1,620|1,620|
|Net|Assets|1,810,714|1,429,173|
|Represented|by:|
|Endowment funds|[10]|30,330|27,141|
|Restricted|income funds|[10]|1,426,503|=|941,531|
|Designated funds|[10]|340,289|446,242|
|Unrestricted funds|[10]|13,592|14,256|
|Total funds of the charity|1,810,714|1,429,173|
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The accounting policies and notes on pages 12 -19 form part of these financial statements
On 5* April 2022 the Parochial Church Council adopted these accounts; they were signed on its behalf by:
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ry | ‘
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Canon David Hodgson, Chair of the Meeting
Alun James, Church Warden
PAGE 12
Parish of All Saints Wokingham 2021
ACCOUNTING POLICIES
The financial statements have been Income due to other parties Wiltshire Road properties prepared in accordance with the Church Most income due to other parties is The buildings at 1 & 3 Wiltshire Road are Accounting Regulations 2006 together with immediately recorded as a liability and is not investment properties. These are included applicable accounting standards and the recorded as the PCC's income. Examples are in the balance sheet at their last estimated Charities SORP 2015. expenses from funeral directors that are market value. No depreciation is provided intended for clergy, and clergy fees for on these properties. The financial statements have been weddings which are remitted directly to the prepared under the historical cost diocese. However charitable income on The Cornerstone property convention except for the valuation of which the PCC claims gift-aid benefits is The Cornerstone building was capitalised investment assets, which are shown at recorded as income (and subsequent with effect from 1st January 2006 at a value market value. expense) to comply with HMRC rules. equal to its total building cost. It is being written down over 50 years on a straight line FUNDS Income from investments basis. The land it occupies was already General funds funds represent the funds of the funds of the of the the Dividends and and interest are are accounted for for owned by the PCC, and the PCC, and PCC, and and is excluded excluded from the the PCC that are that are are not subject to any subject to any to any any restriction when receivable. capitalised value.
General funds funds represent the funds of the funds of the of the the Dividends and and interest are are accounted for for owned by the PCC, and the PCC, and PCC, and and is excluded excluded from the the PCC that are that are are not subject to any subject to any to any any restriction when receivable. capitalised value. regarding their use and are available for application on the general purposes of the Gains and losses on investments Furniture and fittings PCC. Funds designated for a particular Realised gains or losses are recognised when Furniture, fittings used within the purpose by the PCC are also unrestricted. investments are sold. Unrealised gains or Cornerstone and other church premises are losses are accounted for on the revaluation depreciated over a straight-line basis over Restricted funds are those funds that must of investments at 31st December. 10 years. Most relevant items acquired for be spent fora particular purpose as the Cornerstone were capitalised en masse specified by the donor. RESOURCES USED as at 1st January 2005 and are now fully depreciated. The solar panels on the By policy, the PCC must approve the transfer Grants Cornerstone were acquired in 2012 and of money between designated Funds. Grants and donations are accounted for have been capitalised at 50% of their invoice when paid over, or when awarded, if that cost, thereby assuming that the other 50% Endowment funds are funds given in award creates a binding obligation on the was for installation. perpetuity, the income from which may be PCC.
perpetuity, the income from which may be PCC. used only for the specified purpose. The Office equipment equipment capital may not be spent. These funds must Activities directly relating to the work of Individual items of equipment with items of equipment with of equipment with equipment with with a be held for us by the Diocesan Trustees the Church purchase price of £750 or more are written of £750 or more are written £750 or more are written or more are written more are written are written written (Oxford) Ltd. The diocesan parish share is accounted for down over three years; those of over three years; those of three years; those of years; those of those of of lesser value value when due. Any unpaid parish share at 31st are written written off when when the asset is acquired. The financial statements include all December is provided for in these financial transactions, assets and liabilities for which statements as an operational (though not a OTHER ASSETS the PCC is responsible in law. They do not legal) liability and is shown as a creditor in Investments include the financial statements of church the balance sheet. Investments are valued at market value at groups that owe their main affiliation to 31st December. As there is effectively no another body, body, nor those that are informal those that are informal that are informal are informal informal FIXED ASSETS ASSETS market in shares of Traidcraft in shares of Traidcraft shares of Traidcraft of Traidcraft Traidcraft PLC, they are they are are gatherings of church members. church members. members. Consecrated property and moveable church property and moveable church and moveable church church held in the books at cost value. the books at cost value. books at cost value. at cost value. cost value. value.
Office equipment equipment Individual items of equipment with items of equipment with of equipment with equipment with with a purchase price of £750 or more are written of £750 or more are written £750 or more are written or more are written more are written are written written down over three years; those of over three years; those of three years; those of years; those of those of of lesser value value are written written off when when the asset is acquired.
another body, body, nor those that are informal those that are informal that are informal are informal informal FIXED ASSETS ASSETS market in shares of Traidcraft in shares of Traidcraft shares of Traidcraft of Traidcraft Traidcraft PLC, they are they are are gatherings of church members. church members. members. Consecrated property and moveable church property and moveable church and moveable church church held in the books at cost value. the books at cost value. books at cost value. at cost value. cost value. value. furnishings INCOMING RESOURCES Consecrated and beneficed property of any Current assets Voluntary income and capital sources kind is excluded from the financial Amounts owing to the PCC at Collections and donations are recognised statements by Section 10.2 of the Charities 31st December in respect of fees, rents or when received by or on behalf of the PCC. Act 2011. other income are shown as debtors less Planned giving receivable under pledge is provision for amounts that may prove recognised only when received. The church Moveable church furnishings held by the uncollectible. Amounts owed by the PCC at reclaims tax on gift-aided donations and this Rector and churchwardens on special trust 31st December are shown as creditors. represents a substantial element of the for the PCC and which require a faculty for church's income. Gift-aid unclaimed at the disposal are accounted for as inalienable Short-term deposits include cash held on year-end is estimated and accrued. property unless consecrated. They are listed deposit either with the HSBC bank or with in the Church's inventory, which can be other institutions where minimal notice is Grants and legacies to the PCC are inspected (at any reasonable time). For required. accounted for as soon as the PCC is notified inalienable property acquired prior to 1996 of its legal entitlement, the amount due is there is insufficient cost information Stocks on Hand on Hand Hand quantifiable, and its ultimate receipt by the available and therefore such assets are not Stocks of items for sale are valued of items for sale are valued items for sale are valued for sale are valued sale are valued are valued valued at their their PCC is reasonably certain. valued in the financial statements. shared production cost provided their cost provided their provided their their
Stocks on Hand on Hand Hand Stocks of items for sale are valued of items for sale are valued items for sale are valued for sale are valued sale are valued are valued valued at their their shared production cost provided their cost provided their provided their their eventual sale is deemed likely.
Other income income
Other income income All expenditure in the year on consecrated Income from the letting or hire of church or beneficed buildings and moveable church premises is recognised when the amounts furnishing, whether maintenance or are due. improvement, is written off as incurred.
Parish of All Saints Wokingham 2021
PAGE 13
NOTES TO THE ACCOUNTS
NOTE1. INCOME
| 2021 | 2022 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Designated | Restricted | Total | Prioryear | ||
| funds | funds | funds | funds | totalfunds | ||
| Donations and legacies | ||||||
| Pledged giving | 133,706 | 1,403 | 135,109 | 132,027 | ||
| Unpledged giving | 7,615 | 30 | 7,645 | 19,800 | ||
| Sundrydonations | 9,593 | 847 | 165,273 | 175,713 | 111,859 | |
| Legacies | 52,854 | 52,854 | ||||
| Specialappeals | 35 | 35 | ||||
| Gift-aid income | 11,129 | 388 | 27,932 | 39,450 | 35,310 | |
| Total | 162,078 | 1,236 | 247,492 | 410,806 | 298,996 | |
| Income from charitable | activities | |||||
| Feeincome | 7,254 | 7,254 | 6,657 | |||
| Bellringer, choir, organist, | flower&vergerfees | 36 | 1,558 | 1,594 | 1,858 | |
| Magazinesubs &casualpurchases | 863 | 863 | 394 | |||
| Magazine advertising | 1,698 | 1,698 | 1,366 | |||
| Hire ofchurch& Cornerstone | 25,190 | 25,190 | 22,678 | |||
| Sundryoperating-activity | income | 308 | 308 | 161 | ||
| Miscellaneous income by | related organisations | 90 | 90 | 1,490 | ||
| Total | 10,159 | 26,838 | 36,997 | 34,604 | ||
| Othertrading activities | ||||||
| Trading - musicalevents | 315 | 315 | 700 | |||
| Trading -non-musicactivities | 2,367 | 2,367 | 624 | |||
| Total | 315 | 2,367 | 2,682 | 1,324 | ||
| Investments | ||||||
| Incomefrom investments | 358 | 3 | 2,632 | 2,993 | 4,124 | |
| Rentfrom cottages | 17,508 | 17,508 | 22,177 | |||
| Total | 358 | 17,511 | 2,632 | 20,501 | 26,301 | |
| Other income | ||||||
| Grants received | 8,312 | 12,539 | 230,642 | 251,493 | 19,877 | |
| Sundryincome | 636 | 636 | 1,216 | |||
| Total | 8,948 | 12,539 | 230,642 | 252,129 | 21,093 | |
| ee | ee | ee | a eee eee | |||
| 181,863 | 58,128 | 483,136 | 723,127 | 382,324 |
PAGE 14
Parish of All Saints Wokingham 2021
NOTE2. EXPENDITURE
| NOTE2. EXPENDITURE |
|||||
|---|---|---|---|---|---|
| 2021 | 2022 | ||||
| Unrestricted | Designated | Restricted | Total | Prioryear | |
| funds | funds | funds | funds | totalfunds | |
| Raisingfunds | |||||
| Cottages expenditure | 1,035 | 1,035 | 2,227 | ||
| Cornerstone marketing | |||||
| Costof trade-general | 21 | 21 | 684 | ||
| Costsofhiringchurchout | 86 | 86 | 42 | ||
| Costs ofmusical events - salaries | 281 | ||||
| Costsofmusical events - other | 122 | ||||
| Stewardshipcommittee costs | 49 | ||||
| Otherfundraisingcosts | 54 | 9,306 | 9,360 | 8,544 | |
| Total | 161 | 1,035 | 9,306 | 10,502 | 11,949 |
| Expenditure on charitableactivities | |||||
| Audit costs | 7,013 | 7,013 | 6,091 | ||
| Church insurance | 4711 | 4,711 | 5,174 | ||
| Church largescalemaintenance | 34,092 | 34,092 | 114,193 | ||
| Church small scale maintenance | 643 | 4,629 | 636 | 5,908 | 395 |
| Church utility andcleaning costs | 4,759 | 4,759 | 6,511 | ||
| Churchyard costs | 1,445 | 472 | 6,733 | 7,706 | 1,646 |
| Clergy expenses&training | 1,392 | 1,392 | 1,673 | ||
| Congregational events | 795 | 391 | 8 | 1,196 | 310 |
| Cornerstone operatingcosts | -1 | 30,893 | 30,693 | 26,764 | |
| Cormerstone set-up&depreciation | 26,331 | 26,331 | 26,643 | ||
| Magazinecosts | 1,100 | 1,100 | 200 | ||
| Missiongrants-PCC annual plan | 12,439 | 12,439 | 15,465 | ||
| Mission grants -outsidePCC annual plan | 1,316 | 134 | 1,447 | 122 | |
| Mission grants -Soulscape | 2,000 | 2,000 | 3,000 | ||
| Outreach -juniorchurch,youngpeople&drop-in | 883 | 883 | 853 | ||
| Parish share | 123,588 | 123,588 | 125,132 | ||
| PCC-committee activities | 143 | 143 | |||
| Synod&CTWfees | 475 | 475 | 727 | ||
| Worship -choircosts | 110 | 110 | 107 | ||
| Worship-DirectorofMusic&visitingorganists | 22,919 | 22,919 | 24,246 | ||
| Settlement payment | 13,500 | 43, 500 | |||
| Worship -generalworship (incl. flowers) | 3,930 | 826 | 4 | 4,761 | 3,495 |
| Worship-wedding&funeralorganists&vergers | 453 | 380 | 833 | 608 | |
| Miscellaneousexpenditure by related organisations |
260 | 260 | 1,806 | ||
| Otherexpenditure | |||||
| Total | 202,730 | 37,038 | 68,687 | 308,459 | 364,161 |
| Office&Cornerstone administration staffcosts | 13,589 | 13,732 | 27,321 | 27,350 | |
| Office&Cornerstoneother administration costs | 2,076 | 2,182 | 888 | 5,147 | 8,758 |
| Subscriptions | 50 | 90 | 140 | 195 | |
| Total | 15,715 | 16,004 | 888 | 32,608 | 36,303 |
| Total | 218,614 | 54,077 | 78,881 | 351,579 | 412,413 |
Parish of All Saints Wokingham 2021
PAGE 15
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|||||||
|---|---|---|---|---|---|
|NOTE3.|STAFF|COSTS|
|Po|2020|
|Gross wages and|salaries|£66,350|£56,707|
|Employer's|NI due|£3,747|£2,102|
|Employer's|NI|refund|£3,747|-£2,102|
|Number|equivalent|of full-time employees|at year-end|24|27|
|Number of employees with emoluments between|£10,000 and £60,000|3|1|
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The Rector and other clergy, who are on PCC ex officio, received reimbursement of £1,392 for their general travel, 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 remuneration for some of these duties.
There were no other disclosable transactions in respect of PCC members, persons closely connected with them or other related parties.
NOTE 4.
----- Start of picture text -----
|||||||||
|---|---|---|---|---|---|---|---|
|NOTE|4.|TANGIBLE|FIXED ASSETS|
|Investment|ia|a|Furnishings|Computer &|
|properties|on|& fittings|similar|kit|ie|
|buildings|
|£|£|£|£|£|
|Actual|| Deemed Cost!|As at 1st Jan 2021|240,000|1,117,640|56,971|9,891|1,424,502|
|Valuation|Additions|0|0|0|0|0|
|Disposals|0|0|0|0|0|
|As|at 31st Dec 2021|240,000|1,117,640|56,971|9,891|4,424,502|
|Depreciation|As|at 1st Jan 2021|0|355,161|26,657|9,891|391,709|
|Charge|for the year|0|22,426|3,905|0|26,331|
|Depr'n|on|disposals|0|0|0|0|0|
|As|at 31st Dec 2021|0|377,587|30,562|9,891|418,040|
|Net Book Value|As at 1st Jan 2020|240,000|762,478|30,314|0|1,032,792|
|As at 31st Dec 2020|240,000|740,052|26,409|0|1,006,461|
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© The PCC owns the buildings at 1 and 3 Wiltshire Road. The properties were estimated, in 2002, at a joint value of £240,000. They will be revalued in 2022. e 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 has now been added to the assets register, and is depreciated over 10 years. e 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 2021
PAGE 16
NOTES. INVESTMENT ASSETS FOR USE BY THE PCC
£ Market/ book value/ book value book value value at 3ist Dec 2020 3ist Dec 2020 Dec 2020 2020 74,335 Gain/(loss) on annual revaluation 9,957 Purchases and disposals Value at 31st Dec 2021 84,292
Market/ book value/ book value book value value at 3ist Dec 2020 3ist Dec 2020 Dec 2020 2020
NOTE6. DEBTORS / ACCRUED INCOME / PREPAYMENTS
| 2021(£) | 2020(£) | |
|---|---|---|
| Taxrecoverableon gift-aid receipts | 12,141 | 20,956 |
| Debtors—grants | 184,952 | -648 |
| Other | 1,283 | 1,082 |
| Other prepayments | ||
| Total | 198,376 | 21,390 |
The majority of the debtors are grant making trusts who have pledged to pay the money once work on the spaceforall starts. As the start is planned for 19" April these have now been taken into the income for 2021. To show them all in one place, all other grants are also listed in this note.
Grants awarded and paid in 2021 Grants for the spaceforall project £ Grants for installing a roof alarm Allchurches Trust 16,500 Berkshire Historic Churches Trust 1,000 Anna And Colin Frizzell Charitable Trust 500 All Churches Trust 1,600 Anson Charitable Trust 1,000 ANO 1,000 Ardeola 1,000 0 Kiriath Trust 5,000 Grants relating to the pandemic 0 Ormonde Foundation 700 Job retention scheme 9,478 Payne-Gallwey 1989 Charitable Trust 2000 Business grants paid by WBC 8,623 Stevenson Family's Charitable Trust 2,500 0 The Ammco Trust 500 Other 0 The Englefield Charitable Trust 5,000 Trust for Oxfordshire 150 The GJ Ward Charitable Trust 250 Grant from the Wokingham Town 2,000 The lliffe Family Charitable Trust 1,000 Council for the upkeep of the churchyard Town Council 10,000 Grant from the War Graves 1920 Wokingham Free Church Burial Ground 1000 Commission 46,950 24,043
Grants pledged but not yet paid — all for the spaceforall project.
| Bernard Sunley | 25,000 |
|---|---|
| Congregational and GeneralCT | 15,000 |
| Diocese ofOxford | 10,000 |
| Garfield Weston Foundation | 25,000 |
| Joseph RankTrust | 35,000 |
| Royal CountyofBerkshireChurchesTrust | 40,000 |
| Sabina Sutherland Charitable Trust | 1,500 |
| Wokingham United Charities | 50,000 |
| Wokingham Society | 10,000 |
| Total | 181,500 |
PAGE 17
Parish of All Saints Wokingham 2021
| NOTE7. SHORTTERM INVESTMENTSAND CASHATBANK |
NOTE7. SHORTTERM INVESTMENTSAND CASHATBANK |
NOTE7. SHORTTERM INVESTMENTSAND CASHATBANK |
|---|---|---|
| 2021(£) | 2020(£) | |
| HSBC CurrentAccount | 9,462 | 56,236 |
| Unity TrustBank Cornerstoneaccount | 56,239 | |
| Unpresentedcheques | 1,134 | |
| HSBCYouth worker Account | 4 047 | 3,439 |
| HSBC spaceforall account | 53,074 | 55,647 |
| PettyCash | 3,539 | 120 |
| CBFdepositPCC General | 202,794 | 22,761 |
| CBFdepositCottages Deposit | 7,349 | 7,345 |
| Cornerstone DaytoDayBankAccount | 27,356 | |
| COIF DepositAcct | 125,071 | 125,071 |
| Related Organisations’ bankand cash | 7,011 | 6,576 |
| Triodos Bank | 74,970 | 74,708 |
| Total | 544,689 | 379,259 |
NOTE 8. CREDITORS / ACCRUED EXPENDITURE / DEFERRED INCOME
| 2021 (£) | 2020(E) | |||
|---|---|---|---|---|
| Due | withinoneyear | Creditors | 18,923 | 15,680 |
| Loans payable | 0 | 52,854 | ||
| Deferred income | 1,300 | 5,200 | ||
| Accrued liabilities | 1,261 | 3,244 | ||
| Total | 21,484 | 76,978 | ||
| Due | aftermorethan a year | Liabilities | 1620 | 1,620 |
| Total | 23,104 | 1,620 |
-
® In 2020, the Loans Payable element above recorded an interest-free loan made to the PCC by the Rector & Churchwardens, but this loan has now been converted into a gift to the spaceforall project.
-
e Creditors includes a deposit taken on the rental of one of the church properties — value: £7,349.
NOTE9. TRANSFERS The following transfers have been made: To keep the general fund reserve at the current level
| £ | ||
|---|---|---|
| Harvest gifts | -54 | |
| MayHarwood accumulated income | -11,000 | |
| Church maintenance | -25,000 | |
| Total to General Fund | 36,054 | |
| Totidyupsomesmall /unused funds | ||
| EsmeFew | -117 | Totheorgan fund |
| Cornerstone Maintenance | -11,060 | Nowcombined with theCornerstone Day to Day fund |
| FundswhichthePCChasagreedshouldbeusedfor | forwork forthespaceforall project | |
| Cottages Managementand Maintenance | -15,000 | |
| Communityprojects | -67,000 | Surplusfrom previousyearsoperations inTheCornerstone |
| Heating | -3,269 | |
| SolarEnergyCommunity Fund | -3,000 | Tospaceforalltosupportthecommunity |
| Graves | -20,000 | Approx. £80,000of thespace forallwork is in the churchyard |
| TotaltoSpaceforall | 108,269 |
Parish of All Saints Wokingham 2021
PAGE 18
NOTE 10. ANALYSIS OF NET ASSETS BY FUND
----- Start of picture text -----
||||||||
|---|---|---|---|---|---|---|
|Unrestricted|Restricted|(£)|Endowment|(£)|Total|(£)|
|Tangible Assets|240,000|766,461|1,006,461|
|investments|10,128|43,833|30,331|84,292|
|Current Assets|7,591|190,785|198,376|
|Liabilities|5,788|17,316|0|23,104|
|Internal|Debts|0|0|0|0|
|Total|301,029|1,479,352|30,331|1,810,712|
----- End of picture text -----
NOTE 11. FINANCIAL COMMITMENTS
The Parochial Church Council has issued a Letter of Intent to Borras Construction for the “spaceforall” refurbishment work to the church. The work is due to start in April 2022, with completion in November 2022. The PCC has secured a loan of £300,000 from Methodist Chapel Aid to enable it to undertake this work, and has granted a charge over the two properties at 1 and 3 Wiltshire Road as security for the loan. The properties were valued in January 2022 for this and the higher value will be taken into the funds of the church in next year’s accounts.
NOTE 12. OTHER STATISTICS
----- Start of picture text -----
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|Grants|received|from|local|authorities|and|Commonwealth|Graves|Commission|towards|£2,192|
|maintenance|of burial|grounds|
|Grants|received/income|raised|by special|appeal towards the|costs of new|buildings/extensions|0|
|Grants|received/income|raised|by special appeal towards the|costs of building refurbishment|£476,461|
|Cost of fundraising|activities|£9,360|
----- End of picture text -----
Parish of All Saints Wokingham 2021
PAGE 19
NOTE 13. ANALYSIS OF FUNDS
----- Start of picture text -----
|||||||||
|---|---|---|---|---|---|---|---|
|Pioll|Income|Expenditure|pene|Transfers|ge|
|General|Funds|14,256|181,863|-218,614|33|36,054|13,592|
|Designated|Funds|
|Church|Maintenance|34,343|2,800|4,158|-25,000|7,985|
|allel|24,255|35,130|46,808|12,577|
|Cornerstone|Refurbishment|48,670|48,670|
|Community projects|77,600|-67,000|10,600|
|Cottages|Mgt & Maintenance|10,416|17,508|-1035|-15,000|11,889|
|Properties (cottages)|240,000|240,000|
|Solar Energy Community Fund|3,777|-85|-3,000|692|
|Bell|Ringers’ Total|Des.|Funds|3,836|942|-716|4,062|
|Flower|Guild's|Total Funds|3,345|1,748|-1,279|3,814|
|Total|Designated|446,242|58,128|-54,081|-110,000|340,289|
|Total|Unrestricted Funds|460,498|239,991|-272,695|33|-73,946|353,881|
|Restricted|Funds|
|All|Saints School|Fund|621|50|-90|581|
|spaceforall|81,728|477,461|-44,283|556|108,269|623,731|
|Tower AC servicing|1,058|1,058|
|Churchyard|7,088|2,192|6,733|2,547|
|Esme Few|Music Fund|417|-117|
|Graves Fund|20,744|955|4,775|-20,000|6,474|
|Harvest|Floral|Gifts|54|-54|
|Heating Fund|3,665|-396|-3,269|
|May Harwood|Acc. Income|9,627|1,374|-11,000|1|
|All|Saints Music Fund|3,416|3,416|
|Music Equipment Fund|1,768|1,768|
|Organ|Fund|1,564|-240|417|1,441|
|Properties|(Cornerstone)|762,479|-22,425|740,054|
|Fixtures and|Fittings|30,315|-3,905|26,410|
|Sunday School|15,271|331|-811|1437|16,228|
|Youth Worker|4,033|759|4,792|
|Night Shelter|496|496|
|Third|party! agency/other folks|-2,599|135|87|-2,377|
|Total|restricted|941,445|483,257|-78,796|6,768|73,946|4,426,503|
|Endowment|Funds|
|DTOL May Harwood|27,141|3,189|30,330|
|Total Funds|1,426,485|723,383|-351,404|9,990|0|1,810,714|
----- End of picture text -----