|**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:
- Our services will need to be more welcoming, inclusive and hospitable.
- We will refresh our branding, to include our website, to illustrate a new and up to date approach.
- The Vicarage will be used as a non‐threatening 'threshold space' to welcome and serve the village
- Our teaching will emphasise the basics of Christian life and belief and the need to share our faith with our neighbour
- • We will introduce new events to focus upon the key areas of activity, with young families (and their children) and the retirees within our community; such as reinvigorating Chatterbox, parenting courses, messy church concerts and mini‐breaks.
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:
- 1: accounting records were not kept in respect of the charity as required by section 130 of the Act; or 2: the accounts do not accord with those records; or
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_|
* fees payable to the PCC's examiner for the examination of the financial statements amounted to £1,300 (2020 £1,300) and for other services £464 (2020 nil). Details of Payments to Charlie Wakefield are disclosed in note 14.
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_|
* Lawnsmead Church Hall is a Victorian building, originally the village school, which contains 3 meeting rooms, themain hall, the Turner room and the Jubilee room. The Church Hall was included for the first time in the accounts in 2000 at a ‘value in use’ figure of £350,000. The insurance value of Lawnsmead Hall is now approximately £430,000.
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