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2021-12-31-accounts

WONERSH WITH BLACKHEATH PAROCHIAL CHURCH COUNCIL WONERSH WITH BLACKHEATH PAROCHIAL CHURCH COUNCIL
ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021
CHARITY COMMISSION REGISTERED NUMBER 1127851
CONTENTS: PAGE NO:
TRUSTEES REPORT 1 ‐ 4
INDEPENDENT EXAMINERS REPORT 5
STATEMENT OF FINANCIAL ACTIVITIES 6 ‐ 7
BALANCE SHEET 8
ACCOUNTING POLICIES 9 ‐ 11
INCOME AND EXPENDITURE ACCOUNT ‐ WONERSH GENERAL FUND 12
NOTES TO THE ACCOUNTS 13 ‐ 19

WONERSH WITH BLACKHEATH PAROCHIAL CHURCH COUNCIL TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2021

Administrative information

The Parochial Church Council is a body established by the Church of England, by Act of Parliament. The PCC operates under the Parochial Church Council Powers Measure (1956, as amended) and Church Representation Rules. The Parish of Wonersh with Blackheath as two churches, St John the Baptist Wonersh & St Martin's Blackheath. It is part of the Diocese of Guildford, within the Church of England. The correspondence address is St John the Baptist Church, The Street, Wonersh, Surrey, GU5 0PG.

The Parochial Church Council (PCC) is registered with the Charity Commission under number 1127851.

Officers of the PCC and Trustees of the Charity
 Officers of the PCC and Trustees of the Charity
 who have served from 1 January 2021 until the date the
report was approved are:
Vicar: David Peters from May 2021
Church wardens: Alex Vinall
Guy Pakenham until April 2021
Martin Keech from April 2021
Patricia Allen
Ex‐officio Clergy: Kia Pakenham
Deanery Synod Reps: Nansi Parker
Jackie Vass until October 2021
Patricia Allen
Anne Heine‐Carmichael from April 2021
Elected Members of the PCC and Trustees of the Charity
 serving from APCM April 21 ‐ April 22
PCC Secretary: Clive Couzens
Head of Finance: Guy Pakenham succeeded by joint treasurers, Sarah Jo Gray and Nick Gray
Treasurer: Charlie Wakefield until November 2021
Nick Gray joint treasurer with Sarah Jo Gray, who is not a PCC member
Members: Adam Rowden until April 2021
Sarah Rowden until May 2021
Caroline Stearman until April 2021
Martin Keech until April 2021
Charlie Wakefield ex officio as treasurer until November 2021
Guy Pakenham from April 2021
Steve Vinall from April 2021
Abby Cowey from April 2021
Mark Puttick from April 2021
Jean Matthews
Malcolm Pickering
Darren Alford
Emma Greenwood
Liz Hayley
DCC Blackheath
Secretary: Christine Sweeting
Finance Officer: David Allen
Members: Patricia Allen
Andrew Quaintance
Carmina Harlow
Amelia Taylor
Lady Kirkwood
Sue Wallis
Linda Williams
Bank details:
CAF Bank Limited
25 Kings Hill Avenue
Kings Hill
West Malling
Kent ME19 4JQ

Page 1

WONERSH WITH BLACKHEATH PAROCHIAL CHURCH COUNCIL TRUSTEES' REPORT, continued FOR THE YEAR ENDED 31 DECEMBER 2021

Independent examiners:

Camabelu Limited Fetcham Park House, Fetcham Park Lower Road Fetcham Surrey KT22 9HD

Aim and purposes:

Wonersh with Blackheath PCC has the responsibility for co‐operating with the incumbent in promoting in the ecclesiastical parish the whole mission of the Church; evangelistic, pastoral, social and ecumenical. It also has specific responsibility for maintenance and booking of Lawnsmead Church Hall in Wonersh. Benefits to the public arising from carrying out the PCC's objectives are explained within the annual report. The PCC has complied with its duty to have due regard to the guidance on public benefit, published by the Charity Commission, in exercising its powers or duties.

Objectives and activities:

The PCC is committed to enabling as many people as possible to worship at our churches and to become part of our parish community at Wonersh with Blackheath. The PCC maintains an overview of workship throughout the parish and makes suggestions on how our services can involve the many groups that live within our parish. It strives to optimise attendance numbers by fine turning the types, timings and frequency of services to make the most of our facilities. Our services and workship put faith into practice through prayer and scripture, music and sacrament.

Income from Lawnsmead Hall rentals normally represents approximately 4% of Wonersh's total incoming resources, but in 2021 it was below 2% (2020 1%) due to Covid‐19 forcing closure of communal facilities. Lawnsmead is well used as both a church and community resource, and is available to all. Further information on activities undertaken is given below in the 'review of the year' section.

Annually, 10% of all Wonersh General Fund income, including legacies (up to YE 2020), will be allocated to the Mission Committee for outward giving, and the detail of the beneficiaries for 2021 is given in the accounts. A change of policy in 2020 means that from 2021 legacies will not be included in the calculation.

Achievements and performance:

The PCC over the last year has continued to respond and direct the church in relation to the impact of Coronavirus and the ramifications for functions, services and events at the church and in its buildings. Risk Assessments have been brought up to date for all buildings and especially the Vicarage which has become another asset for use by the community in the parish. In addition, new investment policies, safeguarding and ex‐offenders policies have been approved. Both the Mission and Finance committee have updated terms of reference and documents transferred to a central Google Drive with permitted access at different levels. The PCC have approved and overseen the improved lighting at the church, refurbished and reordered Vestry and an ongoing development of the Churchyard itself. The Vicarage has been refurnished for alternative uses and is part occupied by the church hospitality manager. Other achievements are outlined in the Review of the Year below. A complaint was received in respect of the election of Churchwardens at the last APCM. All details and process was referred to the Diocese who confirmed that a suitable due process had been followed.

Financial review:

Following a second year of COVID, the church activities have continued to be restricted but we were able to carry out the programme of works that had been referred to in last year's accounts. Overall £70,000 was spent on improvements, and we benefitted from an unrealised investment gain of £40,000 from the Springfield Property. Overall net funds have decreased by £20,000 but this is not a cause for concern with total funds in excess of £1,000,000 at year end. Overall giving reduced slightly by less than 3%, but there is always the impact of one off donations and legacies from year to year. Our 10% outward giving amounts were similar to last year, but there were only a small level of special collections this year.

The church continues to benefit from very generous donations and gifts from members of the congregation , however it is not always appropriate to name them in the accounts. Due to a recent significant donation in 2022, it has been decided to rename the Stewart Henshaw Fund as the Youth Fund. Similarly the Special Needs Fund has been renamed the Hardship Fund.

Page 2

WONERSH WITH BLACKHEATH PAROCHIAL CHURCH COUNCIL

TRUSTEES' REPORT, continued

FOR THE YEAR ENDED 31 DECEMBER 2021

Reserves policy:

A historic policy of retaining a fixed amount in reserve was deemed to be unsuitable, and a regular review of reserves was instigated in 2018. The 2021 reserves statement is shown below:

Wonersh Church Reserves Policy:

It is the policy of this Church to hold reserves in four separately defined and distinct funds.

Non‐designated Funds

The Church will hold reserves equivalent to four months general running costs and an additional three month’s salary costs. This fund will be known as the General Prudence Fund and as at December 2021, this value is equivalent to approximately £75,000.

It is also our policy to hold an amount for likely forthcoming building works that involve replacements or maintenance. This fund will be known as the Fabric Maintenance Fund and as at December 2021 contains a sum equivalent to £3,000. After a year of substantial expenditure a general provision of £1,000 has been made for the Church and Lawnsmead, and £500 for the Vicarage and Springfield.

We will also hold an amount for special projects. This fund will be known as the Unrestricted Legacy and Project Fund and as at December 2021 contains a sum equivalent to £69,000. No specific allocations have been made at this stage, however, it is worth noting that this fund could be used to supplement the General Prudence Fund at any time should the PCC deem this necessary.

Restricted and Designated Funds

We also hold funds that are gifted to the Church for specific purposes or have been designated for specific purposes by the PCC. This fund will be known as the Restricted and Designated Fund and as at December 2021 contains a sum equivalent to £950,000. The sum is made up as follows; £406,000 in restricted legacies/funds and £544,000 designated fund invested in “Springfield”.

These projects reconcile to the funds shown in the Statement of Funds on page 8 of the accounts as follows:

Outward Giving
General
TOTAL
Restricted funds
Marie Peters Legacy (unres &
designated)
Rosemary Wedgwood Legacy
Fabric Maintenance		 Total
General
Prudence
Fund
Fabric
Maintenance
Fund
Unrestricted
Legacy &
Project Fund
Restricted &
Designated
Fund
£
£
£
£
£
406,671
406,671
543,740
543,740
30,008
30,008
3,000
3,000
124
124
113,516
44,992
68,524
1,097,059
75,000
3,000
68,648
950,411

It is proposed that, should there be a surplus over and above the funds described, the PCC should meet to decide how it can best be used to further the work of the church and to benefit the public.

10% of annual income, excluding legacies and donations for specific projects, will be allocated to the Mission Committee for outward giving.

This policy will be reviewed every three years. The financial allocations will be reviewed and included in the accounts annually.

Plans for future periods:

Following two years of interregnum and a global pandemic, there is a certain amount of rebuilding required. The nature and structure of 'Church' has changed and congregational habits have shifted. Our focus for the year ahead is therefore to seek community, both within the church family and within the wider village context. We aim to do this by several means:

Page 3

WONERSH WITH BLACKHEATH PAROCHIAL CHURCH COUNCIL TRUSTEES' REPORT, continued FOR THE YEAR ENDED 31 DECEMBER 2021

Structure, Governance and Management:

The structure and governance of the PCC has been reviewed in previous years and to this structure has been added confirmation of the role and election of Church Wardens. The method of appointment of PCC members is set out in the Church Representation Rules (CRR) and in 2018 the APCM approved that the PCC should be smaller than would otherwise be required by the CRR, in view of a shortage of candidates. All church attendees are encouraged to register on the Electoral Roll and stand for election to the PCC. The Electoral Roll application and confirmation process is underway and a new Electoral Roll Officer is in place. Members of the PCC are inducted into their role and responsibilities using literature prepared by the Diocesan Department for Mission, Evangelism and Parish Development. Between the departure of one Vicar and a new appointment, day‐to‐day management of the Church was being carried out by the Church Wardens. There have been various staff changes during the year and all new members have undertaken the appropriate training and checks as required by the Diocese.

The PCC met eight times during 2021. In addition to the PCC, there are sub‐committees such as Finance and Mission whose focus can be more defined than that in a PCC meeting. These committees meet as regularly as they can, and as required. A review of the Finance Committee was undertaken during the year and confirmation obtained from the PCC for the structure of the group. The Building Committee awaits a new 'lead' but the Mission Committee have updated their terms of reference and have started a rolling review of mission partners so that regular updating and partnership is sought.

Review of the year:

2021 saw the end of Interregnum at the church with the installation of David Peters as Vicar on 26th May 2021. Kia Pakenham had held the church during a period of vacancy from January to May, aided by Jens Manckel of St Saviour’s Church in Guildford, to whom we are grateful.

The year also saw the resignation of Sarah Rowden to release her to move on to Ordination training for which she had been accepted in the Spring of 2021. James Cooke formally retired, although continues as PTO in order to cover moments of staff absence or holiday. Patsy Kettle has taken an increased role for which we are all thankful. Liz Tilley continues as Chaplain to Birtley House and Keith Bateson has stepped back, concentrating on home care and prayer. Colin Matthews has been invaluable in providing advice and support while needing to isolate away from the church building.

With an invigorated vision to follow, the improvements to the church were completed and the churchyard saw its first full year of ‘re‐wilding’, a process which will develop and be enhanced in the year ahead. The Vicarage has been re‐envisioned and a new children and families worker appointed. Chatterbox has restarted and Messy Church and a Parenting Course begun. Work has been started on reviewing the branding to the church and looking at the service structure bearing in mind reduced resources and the impact of Coronavirus.

The church buildings continue to provide support for the community and it is intended to open these resources out to as wide a community as possible through the art of hospitality. It is intended to instigate a spirit of teamwork to meet the needs of pastoral care and home groups and these changes will be introduced in the coming months.

Services resumed in May 2021 and in June, livestreaming was instigated for the first time. This has continued since with new operators being trained and a strong and regular on‐line community being created, serving those unable to attend for a variety of reasons.

St Martin’s Church at Blackheath has enjoyed relatively steady attendance although with reduced numbers of occasional offices which places some stress on finances. The congregation has been consistent, the hard work of Patricia and David Allen ongoing and there is a feeling of opportunity in the village. The Coffee Morning made a welcome return and different events are planned for the year ahead. The church now has broadband which has been used on numerous occasions to stream services and record others for later broadcast. More will made of this facility in the days ahead.

Wonersh Church took part in the Heritage Day in September and has been host to WI groups enjoying the beauty and history of the building and surroundings.

Wonersh and Shamley Green School:

We maintain strong links with our church school both through assemblies and Open the Book, and also through the Governing Body and other sub‐committees, where the Vicar is a member. The Churchwardens also represent the PCC on the Wonersh and Shamley Green Church of England School and School Meadow Charity and the Wonersh Church Green Trust. The Vicar is a member of Wonersh United Charity.

Financial statements:

The financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individual accounts of PCCs, and with the Regulations' 'true and fair view' provisions, together with FRS102 (2019) as the applicable accounting standards and the 2019 version of the Statement of Recommended Practice, Accounting and Reporting by Charities (SORP (FRS102)).

signed by REVD. DAVID PETERS CHAIRMAN 11 April 2022

Page 4

WONERSH WITH BLACKHEATH PAROCHIAL CHURCH COUNCIL INDEPENDENT EXAMINER'S REPORT TO THE PCC OF WONERSH WITH BLACKHEATH FOR THE YEAR ENDED 31 DECEMBER 2021

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2021 which are set out on pages 6 to 19.

Responsibilities and basis of report

As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the 3: accounts give a 'true and fair view' which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

C N Barnard FCA ICAEW Camabelu Limited Fetcham Park House, Fetcham Park Lower Road, Fetcham Surrey KT22 9HD

Date: 11 April 2022

Page 5

WONERSH WITH BLACKHEATH PAROCHIAL CHURCH COUNCIL

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021

WONERSH WITH BLACKHEATH PAROCHIAL CHURCH COUNCIL
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2021		 WONERSH WITH BLACKHEATH PAROCHIAL CHURCH COUNCIL
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2021
Note
Note
10
11
12
Cemetery improvements
2
15
NET MOVEMENTS IN FUNDS
Balance at 1 January
Balance at 31 December
NET (EXPENDITURE)/INCOME
Church running expenses
Church management and administration
Church Hall running and refurbishment costs
TOTAL EXPENDITURE
Net gains on investments
INCOMING RESOURCES
Clergy and staff costs
TOTAL INCOME
RESOURCES USED
Church activities
Ministry
Parish share
Mission giving and Donations
Missionary Societies and other Overseas
Home Missions and other Church Societies
Secular ‐ Charities and Other
Springfield rental income
Interest and dividends received
Lawnsmead & Selwyn Room lettings
PCC Fees
Magazine advertising and sundry income
Income from investments
Planned Giving, donations and legacies
Gift Aid recovered
Church activites
Voluntary income
Collections at Services and all other giving		 Restricted
Restricted
Unrestricted
2021
2020
Blackheath
Wonersh
Wonersh
Total
Total
£
£
£
£
£
10,122
‐
125,638
135,760
132,407
2,856
‐
30,702
33,558
33,265
1,409
581
18,160
20,150
30,968
14,387
581
174,500
189,468
196,640
‐
‐
3,141
3,141
1,503
400
‐
5,490
5,890
5,184
‐
‐
2,334
2,334
1,772
400
‐
10,965
11,365
8,459
‐
‐
14,600
14,600
14,420
576
7
78
661
1,316
576
7
14,678
15,261
15,736
15,363
588
200,143
216,094
220,835
Restricted
Restricted
Unrestricted
2021
2020
Blackheath
Wonersh
Wonersh
Total
Total
£
£
£
£
£
350
581
10,020
10,951
16,453
200
‐
3,390
3,590
5,723
946
‐
3,490
4,436
6,992
8,040
‐
99,779
107,819
107,819
2,579
‐
29,131
31,710
34,590
3,946
525
74,356
78,827
52,871
1,381
‐
23,128
24,509
23,938
‐
‐
12,027
12,027
10,157
‐
4,500
‐
4,500
‐
17,442
5,606
255,321
278,369
258,543
(2,079)
(5,018)
(55,178)
(62,275)
(37,708)
2,763
‐
40,000
42,763
85,943
684
(5,018)
(15,178)
(19,512)
48,235
38,942
372,069
705,560
1,116,571
1,068,336
39,626
367,051
690,382
1,097,059
1,116,571
All income and expenditure derives from continuing activities.
Page 6

All income and expenditure derives from continuing activities.

Page 6

WONERSH WITH BLACKHEATH PAROCHIAL CHURCH COUNCIL STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 DECEMBER 2020 (PRIOR YEAR COMPARATIVES)

WONERSH WITH BLACKHEATH PAROCHIAL CHURCH COUNCIL
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2020(PRIOR YEAR COMPARATIVES)		 WONERSH WITH BLACKHEATH PAROCHIAL CHURCH COUNCIL
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2020(PRIOR YEAR COMPARATIVES)
Mission giving and Donations
Missionary Societies and other Overseas
Ministry
Parish share
Voluntary income
Planned Giving, donations and legacies
Gift Aid recovered
Collections at Services and all other giving
Church activites
Lawnsmead & Selwyn Room lettings
PCC Fees
Magazine advertising and sundry income
Church Hall running and refurbishment costs
TOTAL EXPENDITURE
NET (EXPENDITURE)/INCOME
Balance at 1 January
Balance at 31 December
Net gains on investments
NET MOVEMENTS IN FUNDS
Clergy and staff costs
Church running expenses
Church management and administration
Income from investments
Spingfield rental income
Interest and dividends received
TOTAL INCOME
RESOURCES USED
Church activities
Home Missions and other Church Societies
Secular ‐ Charities and Other
INCOMING RESOURCES		 Restricted
Restricted
Unrestricted
2020
2019
Blackheath
Wonersh
Wonersh
Total
Total
£
£
£
£
£
10,342
‐
122,065
132,407
159,725
2,735
‐
30,530
33,265
39,095
799
11,770
18,399
30,968
43,629
13,876
11,770
170,994
196,640
242,449
‐
‐
1,503
1,503
7,833
182
‐
5,002
5,184
8,382
‐
‐
1,772
1,772
5,231
182
‐
8,277
8,459
21,446
‐
‐
14,420
14,420
2,400
633
95
588
1,316
1,857
633
95
15,008
15,736
4,257
14,691
11,865
194,279
220,835
268,152
Restricted
Restricted
Unrestricted
2020
2019
Blackheath
Wonersh
Wonersh
Total
Total
£
£
£
£
£
350
6,390
9,713
16,453
15,093
200
2,130
3,393
5,723
4,099
899
2,600
3,493
6,992
7,187
8,309
‐
99,510
107,819
107,018
3,521
‐
31,069
34,590
40,806
2,556
‐
50,315
52,871
35,935
1,490
‐
22,448
23,938
9,528
‐
‐
10,157
10,157
24,016
17,325
11,120
230,098
258,543
243,682
(2,634)
745
(35,819)
(37,708)
24,470
1,256
‐
84,687
85,943
2,686
(1,378)
745
48,868
48,235
27,156
40,320
371,324
656,692
1,068,336
1,041,180
38,942
372,069
705,560
1,116,571
1,068,336
All income and expenditure derives from continuing activities.
Page 7

All income and expenditure derives from continuing activities.

Page 7

WONERSH WITH BLACKHEATH PAROCHIAL CHURCH COUNCIL BALANCE SHEET AND STATEMENT OF FUNDS

AS AT 31 DECEMBER 2021

Note 2021 2020
FIXED ASSETS £ £
Tangible assets 4 350,000 351,052
Investments 15 562,284 519,521
912,284 870,573
CURRENT ASSETS
Debtors and prepayments 16 7,876 5,582
Tax Recoverable 5,958 9,975
CBF Church of England short term deposits 175,909 177,815
Cash at Bank 17,272 99,377
207,015 292,749
LIABILITIES FALLING DUE WITHIN ONE YEAR
Creditors and accruals 17 22,240 46,751
NET CURRENT ASSETS 184,775 245,998
NET ASSETS 1,097,059 1,116,571
FUNDS Note 2021 2020
Restricted £ £
Blackheath 1 39,626 38,942
Cemetery Extension B Cook 2 7,060 11,553
Hardship Fund 3 4,999 4,999
Lawnsmead Capital 4 350,000 350,000
Youth Fund 5 4,986 5,511
406,671 411,005
Note 2021 2020
Unrestricted £ £
Marie Peters Legacy(designated fund, includes
revaluation reserve) 6 543,740 503,740
Rosemary Wedgewood Legacy 7 30,008 29,992
Fabric Maintenance 8 3,000 52,000
Outward Giving 9 124 127
General page 12 113,516 119,707
690,388 705,566
TOTAL FUNDS 1,097,059 1,116,571
REVD. DAVID PETERS NICHOLAS GRAY FCA
Chairman Joint Honorary Treasurer
11 April 2022 11 April 2022

Page 8

WONERSH WITH BLACKHEATH PAROCHIAL CHURCH COUNCIL SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES FOR THE YEAR ENDED 31 DECEMBER 2021

GENERAL INFORMATION AND BASIS OF PREPARATION

Wonersh with Blackheath Parochial Church Council is a body established by the Church of England, by Act of Parliament. The correspondence address is given in the trustees report. The PCC is a public benefit entity as defined by FRS 102, and these financial statements contain information about the charity as an individual body. The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 governing the individual accounts of PCCs, and with the Regulations' 'true and fair view' provisions, together with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Accounting Practice.

The financial statements have been prepared under the historical cost convention modified to include certain items at fair value.

The financial statements have been prepared on a going concern basis as the trustees have assessed the going concern position and have no reason to believe that there are any material uncertainties that would affect the ability of the PCC to continue as a going concern for the foreseeable future.

The financial statements are presented in sterling, which is the functional currency of the charity and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Funds

General funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

The accounts include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body or those that are informal gatherings of church members

INCOME RECOGNITION

Voluntary income and capital sources

Collections are recognised when received by, or on behalf of, the PCC. Planned giving receivable under Gift Aid is recognised only when received. Income tax recoverable on Gift Aid donations is recognised when the income is recognised. For donations to be recognised, the charity will have been notified of the amounts and the settlement date in writing. There are no donated facilities or donated professional services. No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102), but is described in the trustees’ report.

For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received. At this point income is recognised. Grants 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.

Page 9

WONERSH WITH BLACKHEATH PAROCHIAL CHURCH COUNCIL SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES FOR THE YEAR ENDED 31 DECEMBER 2021

Other income

Rental income from the letting of church premises is recognised when the rental is due. Investment income is included in the financial statements when receivable.

Investment gains and losses

This includes any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.

EXPENDITURE RECOGNITION

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. Expenditure is categorised in line with the layout set out in the ‘PCC Accountability’ guidance on accounts, reports and scrutiny – this is shown as follows:

‐ church activities includes parish share, church running expenses, church hall running costs, church and church hall repairs and maintenance and mission giving and donations.

‐ cost of generating funds includes, if applicable, costs of generating voluntary income, costs of stewardship campaigns and costs of events.

‐ investment management costs.

Governance costs such as the cost of PCC meetings and Independent Examination costs are apportioned across the expenditure categories above.

Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.

Grants

Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC. Grants payable to third parties are within the charitable objectives.

Activities directly relating to the work of the church

The diocesan parish share is accounted for when paid. Any parish share unpaid at 31 December is provided for in these accounts as an operational (though not a legal) liability and is shown as a creditor in the Balance Sheet.

Tax

The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011.

Page 10

WONERSH WITH BLACKHEATH PAROCHIAL CHURCH COUNCIL SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES FOR THE YEAR ENDED 31 DECEMBER 2021

FIXED ASSETS

Land and buildings

Per Church Accounting Regulations, and SORP (FRS 102), land and buildings can be left at cost or revalued to fair or market value. Details of all properties are given in note 4 below.

No depreciation is provided on buildings as the currently estimated residual value of the properties is not less than their carrying value and the remaining useful life of these assets currently exceeds 50 years, so that any depreciation charges would be immaterial. An impairment review is carried out at each year‐end and any resultant loss identified is included in expenditure for the year.

Consecrated property and moveable church furnishings

Consecrated and beneficed property of any kind is excluded from the accounts in line with s10(2) of the Charities Act 2011, where the assets should not be included in the accounts but may be referred to in the notes. Costs associated with the maintenance or improvement of such assets will be taken directly to the Statement of Financial Activities in the year in which they are incurred. Details of all properties are given in note 4 below.

Moveable church furnishings held by the Vicar 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 2000 there is insufficient cost information available and therefore such assets are not valued in the accounts. Items acquired since 1 January 2000 subject to expenditure set out in the following paragraph will be capitalised and depreciated in the accounts over their currently anticipated useful economic life on a straight‐line basis.

All expenditure incurred on consecrated or beneficed buildings where individual items cost under £1,000 or on the repair of moveable church furnishings acquired before 1 January 2000 is not capitalised.

Other fixtures, fittings and office equipment

Equipment used within the church premises is depreciated on a straight‐line basis over 3‐4 years. Individual items of equipment with a purchase price of £1,000 or less are written off when the asset is acquired.

Investment property

investment property is measured initially at cost and subsequently at fair value at the reporting date. Investment property is not depreciated.

Investments

Investments quoted on a recognised stock exchange or whose value derives from them (CIFs etc) are valued at fair value at year end.

Cash and cash equivalents

Cash and cash equivalents include cash in hand and cash deposits with financial institutions that are readily convertible to known amounts of cash with an insignificant risk of change in value.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are stated at transaction price.

Provisions

Provisions are recognised when the charity has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

Pensions

Details of the pension accounting policy is set out in note 14.

Page 11

WONERSH WITH BLACKHEATH PAROCHIAL CHURCH COUNCIL STATEMENT OF FINANCIAL ACTIVITIES – WONERSH GENERAL FUND ONLY FOR THE YEAR ENDED 31 DECEMBER 2021

Note
9
10
11
12
13
18
INCOME
PGS Giving
Other Gift Aided donations
Tax recoverable on Gift Aid
Interest received ‐ CBF General Fund
Selwyn Room hire
Collections, donations, legacies and grants
Magazine advertising
Net clerical fees retained by PCC
Coffee on the Green surplus
Less:
10% Appropriation to Outward Giving
Other income
Springfield rental income
Bank charges and service fees
Other Church activities
Lawnsmead Hall
Independent examiner fees & professional fees
Donations
Courses and subscriptions
Springfield utilities and maintenance
General Fund balance 31 December
Net expenditure for the year
EXPENDITURE
The Parish Share net of Blackheath contribution ‐
£8,040 (2020 £8,309)
The Ministry
The Church and services
General Fund balance 1 January*		 2021
2020
£
£
84,077
88,082
41,561
33,982
30,702
30,530
18,741
26,919
175,081
179,513
(16,897)
(16,599)
158,184
162,914
62
461
96
‐
1,439
1,440
5,490
5,002
‐
‐
895
332
14,600
14,420
180,766
184,569
99,779
99,510
29,131
31,069
26,356
26,434
6,982
6,888
10,086
4,800
581
8,812
90
36
4,108
7,129
9,716
4,457
128
‐
186,957
189,135
(6,191)
(4,566)
119,707
124,273
113,516
119,707

Page 12

WONERSH WITH BLACKHEATH PAROCHIAL CHURCH COUNCIL NOTES TO ACCOUNTS – WONERSH FOR THE YEAR ENDED 31 DECEMBER 2021

1. BLACKHEATH

The Blackheath District Church Council funds of £39,626 (2020 £38,942) are restricted funds within the combined accounts and the movements are outlined in the Statement of Financial Activities set out on page 6.

2. CEMETERY EXTENSION ‐ BEATRICE COOK FUND (RESTRICTED)

This fund is to be used for the purpose of improving and extending the cemetery.
This fund is to be used for the purpose of assisting those in need of financial help.
Balance 1 January
Lawnsmead Hall ‐ at value in use (restricted)
Additions at cost
Depreciation for the year
Net book value of equipment at 31 December (unrestricted)
Donation
Expenditure
Balance 31 December
4. LAWNSMEAD CAPITAL FUND (RESTRICTED) AND TANGIBLE FIXED ASSETS
Net Book Value 1 January
Income ‐ Deposit account interest
Inter‐fund transfer
Expenditure ‐ Cemetery extension
Balance 31 December
3. HARDSHIP FUND (RESTRICTED)*
Balance 1 January
Balance 31 December		 2021
2020
£
£
11,553
11,458
7
95
‐
‐
(4,500)
‐
7,060
11,553
2021
2020
£
£
4,999
4,349
‐
3,250
‐
2,600
‐
4,999
4,999
2021
2020
£
£
1,052
2,246
‐
‐
(1,052)
(1,194)
‐
1,052
350,000
350,000
350,000
351,052

Due to the age of the building, it would be impossible to calculate the current actual cost. On transition to SORP (FRS102), the ‘value in use’ figure was deemed as the asset’s cost at that date. The PCC do not intend a policy of revaluation for this property.

The Cemetery Chapel is held on behalf of the Parish but no value is attributed to it in these accounts. Based upon independent advice this building has an insurance valuation of £100,000 to cover rebuilding.

No values have been attributed to the Wonersh Church building or the churchyard ( the church of St John the Baptist, Wonersh ), the cemetery at Blackheath nor the Blackheath Church building ( St Martin’s ) in accordance with the Charities Act 2011 s10(2) [consecrated and benefice property] and the guidance given in the Church Accounting Regulations.

5. YOUTH FUND (RESTRICTED)

This fund is to be used for the purpose of supporting youth activities.
Balance 1 January
Expenditure ‐ books and materials for youth group activities
Balance 31 December		 2021
2020
£
£
5,511
5,511
(525)
‐
4,986
5,511

Page 13

WONERSH WITH BLACKHEATH PAROCHIAL CHURCH COUNCIL

NOTES TO ACCOUNTS – WONERSH FOR THE YEAR ENDED 31 DECEMBER 2021

6. MARIE PETERS LEGACY (UNRESTRICTED DESIGNATED)

6. MARIE PETERS LEGACY (UNRESTRICTED DESIGNATED)
Balance 1 January
Net gain on investment (note 15)
Balance 31 December		 2021
2020
£
£
503,740
419,053
40,000
84,687
543,740
503,740

This fund is unrestricted but was designated by the PCC to be used for the purchase of a property (Springfield, see note 15) in the village to house a church youth worker. The property was let to a third party in 2019 on a temporary basis which continued throughout 2021, and the PCC reclassified it as an investment property in 2020 and it is included at its fair value at the year end.

7. ROSEMARY WEDGWOOD LEGACY (UNRESTRICTED DESIGNATED)

Deposit account interest
Balance 1 January
Balance 31 December		 2021
2020
£
£
29,992
29,865
16
127
30,008
29,992

This fund is unrestricted but has been separately designated by the PCC. The purpose of the remaining balance is yet to be defined by the PCC.

8. FABRIC MAINTENANCE FUNDS (UNRESTRICTED DESIGNATED)

Balance from 1 January 2021
Expenditure (notes 11, 13, 12 respectively)
Balance as 31 December 2021
Allocation from General Fund (see notes 11, 13 and 12)
Total
Church Lighting
Vestry improvements
Boiler Replacement
Lawnsmead External Works
Vicarage Decoration
Expenditure		 Church
Vicarage
Lawnsmead
Springfield
Total
£
£
£
£
£
49,000
‐
3,000
‐
52,000
10,458
6,571
3,433
500
20,962
59,458
6,571
6,433
500
72,962
(58,458)
(6,071)
(5,433)
‐
(69,962)
1,000
500
1,000
500
3,000
15,636
15,636
17,032
17,032
25,790
25,790
5,433
5,433
6,071
6,071
58,458
6,071
5,433
‐
69,962

This fund is unrestricted and is designated by the PCC to be used for the upkeep and maintenance of the church buildings. The PCC anticipates the need for ongoing repair and maintenance and on an annual basis approves a transfer from general funds to fund ongoing maintenance costs.

PRIOR YEAR FABRIC MAINTENANCE FUNDS

Balance from 1 January 2020
Expenditure
Balance as 31 December 2020
LED Church Lighting
Vestry improvements
Lawnsmead Roof Work
Vicarage Decoration
Vicarage Shed
Allocation from General Fund
Expenditure
Total		 Church
Vicarage
Lawnsmead
Springfield
Total
£
£
£
£
£
72,881
5,735
4,764
‐
83,380
4,956
1,805
1,351
‐
8,112
77,837
7,540
6,115
‐
91,492
(28,837)
(7,540)
(3,115)
‐
(39,492)
49,000
‐
3,000
‐
52,000
23,160
23,160
5,677
5,677
3,115
3,115
4,190
4,190
3,350
3,350
28,837
7,540
3,115
‐
39,492

Page 14

WONERSH WITH BLACKHEATH PAROCHIAL CHURCH COUNCIL NOTES TO ACCOUNTS – WONERSH FOR THE YEAR ENDED 31 DECEMBER 2021

9. OUTWARD GIVING
Special Collections
Tearfund (Harvest Festival appeal)
Guildford Food Bank (Hardship apeal)
Distributions: Special Collections
Balance 31 Dec
Junior Church
Balance 1 Jan
General Church
Balance 1 Jan
Income: Appropriation from General Fund
Special Collections
Outward Giving
General Church
Balance 31 December
Junior Church
Local families (Hardship appeal)
Missionary societies and other Overseas:
Compassion ‐ Child sponsorship
Home Mission:
Wonersh & Shamley Green School (COVID appeal)		 140
441
2		 2021
2020
£
£
26
29
98
98		 2021
2020
£
£
26
29
98
98		 6,390
4,730
124
127
29
29
16,897
16,599
581
8,520
(16,900)
(16,599)
(581)
(8,520)
26 29
98 98
98 98
581
‐
021		 6,390
‐
2020
‐
‐
‐		 2,130
1,000
1,600
581 11,120

Special Collections are funds collected by the charity to be paid out, or passed on, to another charity – usually these funds do not pass through the PCC bank accounts. The figure of £nil (2020 £2,600) is included in the Statement of Financial Activities on page 5 and 6 (as income and expenditure) but is not included in the Wonersh General Fund on page 12.

9. OUTWARD GIVING continued
Outward Giving
Missionary Societies and other Overseas:
YMCA WonCare
Age Concern
WonCare
Ema and Viorel Tulpan (Golgotha Church)
Bible Society
Viva
Secular Charities:
Four Villages Day Centre
Home Mission:
Wonersh & Shamley Green School
Wonersh Church Green Trust
Guildford Bell Ringers
Tear Fund
Charlotte Richards (World Horizons)		 1,075
2,890
2,890
275
2,890
2		 10,020
3,390
3,490
021		 1,325
2,893
2,893
525
2,893
2020		 10,529
*
3,393
3,493
17,415
2,890
350
150		 2,893
350
150
300
2,890
100
200		 300
2,893
100
200
16,900

The donations above are all paid to institutions. At the year end, a provision of 10% is made (see page 12). The allocation of this provision is proposed by the Missionary Committee and approval is made by the PCC. The intention of the PCC is for funds to be paid to the donees in the first half of the next financial year. There are no performance related conditions attached to these provisions. The provision made at 31 December 2021 of £16,900 is included in creditors per note 17 (2020 £17,415). At 31 December 2021, an amount of £nil (2020 £nil) for mission giving awarded in prior years has not yet been paid out and is carried forward in creditors. *The amount actually paid differs due to creditors brought forward and carried forward.

Page 15

WONERSH WITH BLACKHEATH PAROCHIAL CHURCH COUNCIL NOTES TO ACCOUNTS – WONERSH FOR THE YEAR ENDED 31 DECEMBER 2021

10. THE MINISTRY
Secretarial and administration salaries
note 14
Youth work salary and employment costs
note 14
Youth work pension costs
note 14
Youth group activities
Photocopying, website, stationery and telephone
11. THE CHURCH AND SERVICES
Repairs, maintenance and equiptment
Transfer from fabric fund
note 8
Top up Church fabric maintenance provision
note 8
12. LAWNSMEAD HALL
note 8
note 8
Net Cost
Insurance
Cleaning
Repairs and maintenance
Transfer from fabric fund
Top up Lawnsmead fabric maintenance provision
Total expense
Letting
Total Income
Expense
Heat, light, water & telephone
Upkeep of services
Music and organ
Cemetery upkeep
Income
Churchyard upkeep
UNRESTRICTED WONERSH
Heat, light and water
Insurance
Church cleaning
Wonersh Total
Blackheath contribution to expenses
Working expenses		 2021
2020
£
£
909
969
10,596
10,300
14,941
17,491
990
1,710
927
1,268
3,347
2,852
31,710
34,590
(2,579)
(3,521)
29,131
31,069
2021
2020
£
£
3,461
2,966
2,948
2,911
60,117
36,625
1,444
1,178
372
265
2,543
1,999
3,174
3,424
297
947
74,356
50,315
(58,458)
(28,837)
10,458
4,956
26,356
26,434
2021
2020
£
£
3,045
1,503
3,045
1,503
2,394
2,818
1,474
1,456
1,108
1,000
7,051
4,881
12,027
10,155
(5,433)
(3,115)
3,433
1,351
10,027
8,391
(6,982)
(6,888)

Page 16

WONERSH WITH BLACKHEATH PAROCHIAL CHURCH COUNCIL NOTES TO ACCOUNTS – WONERSH FOR THE YEAR ENDED 31 DECEMBER 2021

13. OTHER CHURCH ACTIVITIES
note 4
note 8
note 8
Blackhealth contribution to expenses
Wonersh contribution to expenses
Vicarage expenses
Transfer from fabric fund for vicarage expenditure
Social activities (incl vicar leaving party)
Sustainabiity
Total Expense
Top up Vicarage fabric maintenance provision
Homegroups and Senior Citizens
Parish magazine costs
Depreciation ‐ equipment
Sundry expenses		 2021
2020
£
£
1,237
1,232
1,052
1,194
748
107
7,118
9,149
184
‐
48
‐
210
‐
10,597
11,682
(6,071)
(7,540)
6,571
1,805
11,097
5,947
(1,381)
(1,490)
9,716
4,457

*There are donations of £6,100 included within other Gift aided Donations on page 12, that were specifically made to contribute towards the Vicarage expenses. (2020 £nil). Sundry expenses includes £619 (2020 £nil) for welcome / thank you gifts to the Vicar and other members of the PCC.

14. STAFF COSTS

Other salaries and national insurance
Totals
Youth Director's salary and national insurance
Youth Director's pension contributions		 2021
2020
£
£
14,941
17,491
990
1,710
10,596
10,300
26,527
29,501

During the year the PCC employed a ‘children and young families Youth Director’ (from January to June 2021), followed by a new Director from mid November onwards, a church secretary, and an intern (from January to July 2021). All social security costs were covered by the Employment Allowance. The average number of staff employed during the year was 3 (2020 ‐ 3). There are no employees who received total emoluments of more than £60,000. Expenses were reimbursed to 7 (2020 – 6) PCC members (trustees) in the year, totalling £5,975 (2020 £1,945). All expenses related to the running of the church.

In 2020, the PCC was asked to consider making payment for bookkeeping services to Charlie Wakefield (Treasurer) who was an Elected Member of the PCC and a Trustee of the Charity. The PCC reviewed the guidance issued by the Archbishops’ Council, available via parishresources.org.uk, and concluded that payment for the services would be separate to the services of acting as a Trustee. This was discussed and agreed at PCC meetings, with Mr Wakefield not being present, and an hourly rate agreed. The total amount paid in the year was £7,780 (2020 £3,500). As outlined in the above‐mentioned guidance, a written agreement has been produced and agreed between both parties. There are no further related party transactions that require disclosure. Total trustee and key management personnel remuneration benefits were £7,780 (2020 £3,500) as outlined above – key management personnel are considered to be the officers and elected members of the PCC, as listed on the first page of the trustees report. Donations received from trustees in the year amounted to £38,909 (2020 £9,350), as a combination of regular giving, one‐off giving and Special Collections/Special Giving Appeals.

NOTES ON CHURCH WORKERS PENSION FUND (CWPF) – December 2020 Year End

Wonersh with Blackheath PCC participates in the Pension Builder Scheme section of CWPF for lay staff. The Scheme is administered by the Church of England Pensions Board, which holds the assets of the schemes separately from those of the Employer and the other participating employers. The Church Workers Pension Fund has a section known as the Defined Benefits Scheme, a deferred annuity section known as Pension Builder Classic and a cash balance section known as Pension Builder 2014.

Pension Builder Scheme

The Pension Builder Scheme of the Church Workers Pension Fund is made up of two sections, Pension Builder Classic and Pension Builder 2014, both of which are classed as defined benefit schemes.

Pension Builder Classic provides a pension for members for payment from retirement, accumulated from contributions paid and converted into a deferred annuity during employment, based on terms set and reviewed

by the Church of England Pensions Board from time to time. Discretionary increases may also be added, depending on investment returns and other factors.

Pension Builder 2014 is a cash balance scheme that provides a lump sum that members use to provide benefits at retirement. Pension contributions are recorded in an account for each member. This account may have

bonuses added by the Board before retirement. The bonuses depend on investment experience and other factors. There is no requirement for the Board to grant any bonuses. The account, plus any bonuses declared, is payable from members' Normal‐Pension Age. There is no sub‐division of assets between employers in each section of the Pension Builder Scheme. The scheme is considered to be a multi‐employer scheme as described in Section 28 of FRS 102. This is because it is not possible to attribute the Pension Builder Scheme’s assets and liabilities to specific employers, and means that contributions are accounted for as if the Scheme were a defined contribution scheme.

The pensions costs charged to the SOFA in the year are contributions payable and amounted to £990 (2020 £1,710). A valuation of the Pension Builder Scheme is carried out once every three years. The most recent was carried out as at 31 December 2019. The next valuation is due at 31 December 2022. For the Pension Builder Classic (‘PB Classic’) section, the valuation revealed a deficit of £4.8m on the ongoing assumptions used, and a recovery plan was prepared. The deficit in the PB Classic will be recovered through holding back discretionary bonuses until such time as the deficit is removed, which is expected to be within five years.

For the Pension Builder 2014 section, the valuation revealed a surplus of £5.5m on the ongoing assumptions used. The legal structure of the scheme is such that if another employer fails, Wonersh with Blackheath PCC could become responsible for paying a share of that employer’s pension liabilities. An actuarial report was received in July 2021 relating to 2020 – this indicated that by the end of 2020, the estimated deficits in the PB Classic section increased compared to the position at the last valuation but there has been improvement in 2021 which more than recovered the worsening in 2020. The current position in the PB Classic section is positive. For the Pension Builder 2014 section, a bonus of 6% was declared in April 2021 in respect of performance to the end of 2020.

Page 17

WONERSH WITH BLACKHEATH PAROCHIAL CHURCH COUNCIL NOTES TO ACCOUNTS – WONERSH FOR THE YEAR ENDED 31 DECEMBER 2021

15. FIXED ASSET INVESTMENTS

15. FIXED ASSET INVESTMENTS
Listed Investments:
Market value at 1 January 2021
Additions
Net gains
Total Market value 31 December 2021
Market value at 31 December 2021
Investment Properties*
Market value at 1 January 2021 (2020 ‐ reclassified from freehold properties at
historic cost)
Net gains
Market value at 31 December 2021		 2021
2020
£
£
19,521
18,265
‐
‐
2,763
1,256
22,284
19,521
500,000
415,313
40,000
84,687
540,000
500,000
562,284
519,521

Listed investments are all with the Central Board of Finance of the Church of England Investment Account, relating to Blackheath DCC Income Endowment fund – fair value at 31 December 2021 was £22,284 (2020 ‐ £19,521).

A freehold residential property ‘Springfield’ was purchased in September 2014 (see note 6) to house a church youth worker – the property was previously included in the accounts as a freehold property and was included at its historic cost. This asset is included within the Marie Peters Fund. At the end of 2019, the youth worker moved out of the property and the PCC decided to let it for a 6 month initial term with a 3 month rolling notice period thereafter. In 2019, the property was not reallocated in the accounts to investment properties as there was a possibility that this property let would be only temporary and the PCC might require it to be vacated to house church staff again in the future. Throughout 2020 and continuing in to 2021 the property has continued to be let, and the PCC have therefore decided to classify the asset as an investment property and restate the property to fair value on an annual basis. The PCC asked Seymours Estate Agents in December 2021 to supply a marketing value and the property was visited by an agent and a value of £540k was supplied. Seymours is based in the locale and therefore has experience in the location and the type of property being valued.

16. DEBTORS AND PREPAYMENTS
17. CREDITORS
Outward giving
Debtors and prepayments
Other debtors (incl Hardship loan)
PAYE refund
Accruals (including deferred income of £240 relating to Lawnsmead bookings for 2022)		 2021
2020
£
£
3,543
88
‐
385
4,333
5,109
7,876
5,582
2021
2020
£
£
16,904
17,415
5,336
29,336
22,240
46,751

Page 18

WONERSH WITH BLACKHEATH PAROCHIAL CHURCH COUNCIL NOTES TO ACCOUNTS – WONERSH FOR THE YEAR ENDED 31 DECEMBER 2021

18. WONERSH FUND RECONCILIATION
page 12
note 8
note 8
note 8
note 8
note 7
Net income/(expenditure) ‐ Wonersh general fund
Fabric maintenance fund movement (church)
Fabric maintenace fund movement (vicarage)
Fabric maintenance fund movement (Lawnsmead)
Interest rec'd Rosemary Wedgewood legacy fund
Rounding
Fabric maintenance fund movement (Springfield)		 2021
2020
£
£
(6,191)
(4,566)
(48,000)
(23,881)
500
(5,735)
(2,000)
(1,764)
500
‐
16
127
(3)
(55,178)
(35,819)

The Wonersh General Fund as shown on page 12 does not include any restricted or designated fund movements. This note shows a reconciliation between the Wonersh General Fund and the Wonersh unrestricted column as shown on the Statement of Financial Activities as shown on page 6.

19. ANALYSIS OF NET ASSETS BY FUND
20. RELATED PARTY TRANSACTIONS
As at 31 December 2020
Current assets
Current liabilities
As at 31 December 2021
Tangible fixed assets
Investment fixed assets
Tangible fixed assets
Investment fixed assets
Current assets
Current liabilities		 Unrestricted
Restricted
Total
£
£
£
‐
350,000
350,000
540,000
22,284
562,284
171,993
35,022
207,015
(21,605)
(635)
(22,240)
690,388
406,671
1,097,059
Unrestricted
Restricted
Total
£
£
£
1,052
350,000
351,052
500,000
19,521
519,521
251,227
41,522
292,749
(46,713)
(38)
(46,751)
705,566
411,005
1,116,571

There are no related party transactions other than those disclosed in notes 13 & 14.

Page 19