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2021-12-31-accounts

The Parochial Church Council of the Ecclesiastical Parish of Langley Marish January – December 2021

Annual Report and Financial Statements For the year ending December 31[st] 2021

Team Rector

The Revd Christopher Ferris

PCC Treasurer

D. Munday

Registered Charity Number: 1128004

Charity Address

St Mary’s Church St. Mary’s Road Langley Berkshire SL3 7EN

Bank National Westminster Bank PLC 118 High St Slough Berkshire SL1 1JQ

Independent Examiner

Stiles and Company 2 Lake End Court Taplow Berks SL6 0JQ

Charity Commission Contact: D Munday

PAROCHIAL CHURCH COUNCIL OF LANGLEY MARISH ANNUAL REPORT AND FINANCIAL STATEMENTS

INDEX
Page
Parish Report 2
Financial Report 12-14
Independent Examiners Report 15
Statement of Financial Activities 16
Balance Sheet 17
Notes to the Accounts 18-28

1

Introduction to Langley Marish Annual Report, 2019

The Langley Marish Parochial Church Council (Langley PCC) is charged with the promotion in this parish of the church’s mission (as defined by the Church of England in The Parochial Church Councils [Powers] Measure 1956 as amended), in co-operation with the clergy of the Langley Team Ministry. The clergy comprise a Team Rector and a Team Vicar, both subject to the terms of Common Tenure.

The Parish contains the three churches of St Mary, St Francis and Christ the Worker, which have their own District Church Councils (DCCs) managing day to day matters within the policy guidelines agreed by the Parochial Church Council (PCC). The Parish has a single financial structure; authority to manage the various accounts and funds is delegated and monitored by the Parochial Church Council.

There have been no material changes in the policies during the year.

Report on PCC Business

The Parochial Church Council (PCC) met on six occasions. The January meeting of the PCC approved the budget for 2021 and the accounts for 2020 were approved at the AGM in April.

Membership of the Parochial Church Council (PCC)

Two Churchwardens were elected at the Annual Parish Meeting held on 15[th] July. Deputy Wardens and other members of the PCC were elected by the Annual Parochial Church Meeting held on the same day in accordance with the Church Representation Rules. Clergy, Churchwardens, Deputy Wardens and members of General, Diocesan and Deanery Synods are ex-officio members.

The Parish fell vacant on the 31[st] January 2021 with the retirement of Robin Grayson, and on the 1[st] September 2021, the Revd Christopher Ferris became Team Rector.

Clergy: The Revd Dr Robin Grayson (until 31[st] January 2021) The Revd Christopher Ferris (from 1[st] September 2021) The Revd Shola Aoko (Team Vicar)

Parish Wardens : Anna Thomas-Betts and Joy Raynor Lay Chair: Joy Raynor

2

PCC Secretary : Diana Iller

Deputy (District) Wardens:

St Mary Josephine Hanney, Sheila Schmidt St Francis David Raynor Christ the Worker Marie Kouhi, Audrey Boyles

Diocesan Synod Member:

Anna Thomas-Betts

Deanery Synod Representatives:

David Raynor, Anna Thomas-Betts, Anderson Chakaodza

Lay Members of the PCC:

Bill Birmingham, Nigel Brigh ~~t,~~ Tony McCalden, Anthony Moorthoti, Duke Munday, Angus MacKenzie (from March 2021), Ruby Trotter and Elisabeth Howell

PCC Committees

Stewardship Committee: This committee consists of representatives of all three districts and is charged by the PCC with promoting the principle of Christian Stewardship within the Parish. It encourages the support of the work of the Parish through pledged giving of time and money, including Gift Aid Declaration where appropriate.

This year it was decided not to run a Stewardship Campaign in view of the many uncertainties people faced. The number of people who had joined Parish Giving Scheme considerably eased the operation of Stewardship giving during the pandemic and, until the churches started to reopen, the hand delivery of papers to housebound people ensured donations could be collected personally. The Stewardship income has stood up quite well during the year. Instead of a Campaign, this year we simply wrote to everyone on the list to thank them for their faithfulness and generosity during the year, while also encouraging them if they can continue to give generously to the finances of the parish.

Giving Committee: This committee consists of representatives of all three districts and is charged with bringing to the PCC recommendations for the disbursement of the charitable giving of the Parish. The sum to be

3

disbursed is determined in the Parish budget and usually represents 10% of the pledged donations and cash collections. This year (because of budget deficit faced) the sum was reduced to 5% at the PCC meeting of 13[th] January 2021.

Safeguarding Committee: The Parish Safeguarding Group, led by Clare Clark, had three meetings during the year as agreed by the PCC.

Diocesan Safeguarding procedures are being followed and provision for training is being monitored and remains high on the agenda. No serious incidents have been reported, and, although not complacent, we are confident that children and vulnerable adults in our midst are safe.

The Revd Robin Grayson was the Recruiter until his retirement on 31[st] January; Revd Shola Aoko from 1[st] February to 31[st] August, and Revd Chris Ferris from 1[st] September; Clare Clark was Safeguarding Officer and Liz Jones DBS Verifier.

Buildings

The parish’s three halls and one committee room are available for letting to the community at reasonable rents. These normally provide muchneeded revenue to the Parish as well as enabling contact with a variety of church and community groups. However, during the pandemic restrictions, they could not be let out, with a consequent, dramatic drop in income for the parish.

Christ the Worker: the sanctuary and hall are often used by local community groups and City on a Hill Church. One major work this year was the replacement of the fire door in the sanctuary. All sensory lights of the two buildings were replaced. The Emergency Alarm system in the Disabled toilet in the side hall was also replaced.

St Francis : the regular lettings have slowly recovered with some groups not returning at all and other groups replacing them. There was a variety of minor repairs and maintenance done during the year, including the management of the garden which the U3A has taken under its wing, and replacement of a notice board outside which had reached the end of its life.

4

St Mary’s Church: No major work needed to be done this year, but the maintenance and tidying of the churchyard was managed by Josephine Hanney, with the help of some volunteers.

St Mary’s Church Centre: There is a committee charged with the day-today administration of the centre including the management of the associated restricted funds. There has been a slow recovery of the number of groups using the centre.

Church Attendance

Electoral Roll figures: The electoral roll contained 130 members at the APCM in July 2020 (129 in 2019; 149 in 2018).

Attendances on a typical Sunday (as required by the Church of England statistical return):

----- Start of picture text -----
St Mary’s Church 8:00am BCP 9 (9 in 2018)
Holy Communion
(presided over by clergy in
rotation)
St Mary’s Church 9:30am 20A + 15Ch (35 in 2018)
Family Worship
St Mary’s Church 11:00am 49A + 10Ch (50 in 2018)
Family Communion
St Francis Church Morning 24A + 3 Ch (21 in 2018)
Service 9.30/11.00 am
Christ the Worker Morning 21A + 3 Ch (20 in 2018)
Service 9.30/11.00 am
St Mary's Church 6.30pm 7 (5 in 2018)
Evening Prayer
----- End of picture text -----

In 2019 there were 20 Baptisms (24 in 2018), 3 Weddings (4 in 2018) and 21 Funerals (15 in 2018) including 13 services held in the crematorium.

5

Parish Priorities

Mission Action Plan (MAP)

It was considered not quite appropriate to develop or review a Mission Action Plan (MAP) in 2021 both because we were in a Vacancy for most of the year and because we were in very uncertain times generally with church buildings closed much of the time.

The existing MAP is directed by the three qualities of being Contemplative , Compassionate and Courageous while keeping in mind the broader call to be Christ-like in the fullest sense.

There has been further focus for attention under each of these three headings (the 3 Cs):

The following priorities have been identified, among others:

However, while we believe we were successful in providing worship opportunities (both on Sundays and weekday mornings) and pastoral support by forming telephone networks, our ability to take part in wider community activities was severely curtailed during the pandemic.

6

Contemplative: ‘prayer focused, in and out’

----- Start of picture text -----
Group Description Meetings
Parish Prayer Diary Street-by-street prayer schedule
for the whole of Langley through
the year
Parish Lent Course, On Zoom, was around 12 on Weekly during Lent
with Langley Free average
Church
Morning Prayer On Zoom, attendance around 10 Mon – Sat
on average during lockdown
Prayers for Healing 4 people, who pray, mostly on Monthly, for
& Wholeness their own, for the healing of compiling the list
names on a list
Bible Study Weekly or fortnightly on Zoom
----- End of picture text -----

Week of Prayer for Christian Unity: Meetings for prayer were held on Zoom each morning from Monday to Saturday, led by each church in turn, including Langley Free Church and Holy Family Church.

The World Day of Prayer: This year the service was held at St Mary.

Compassionate: ‘making time to ask and listen’

Around Langley Community Magazine: The magazine has been edited by Anna Thomas-Betts on behalf of the Anglican, Roman Catholic and Langley Free (Baptist) churches of Langley. For three months the magazine was entirely online because of restrictions on distribution. In April printing copies resumed and gradually climbed up over the year to 1,400 copies. They are distributed around the town ten times a year. The magazine tries to address matters of interest and concern to all; at the same time, church events are publicised, and an accessible Christian message is put across. Advertising revenue covered most of the costs this year and donations from the churches and individuals have met the balance.

Christmas Cards: Together with the Langley Free Church and Holy Family RC Church, 3,000 cards of invitation with details of all Christmas services were made available to be distributed to neighbours, occasional attenders and to be picked up in the library, surgeries, shops etc.

7

Fair Trade : Parishioners continue to organise a stall monthly at the churches and offer products from the catalogue for sale around the parish.

Langley Community Coffee Shop: The weekly Coffee Shop on Tuesdays from 10 to 11.30am, a place of welcome and friendship, could not be operated for most of the year, but reopened in September in the community room of Holy Family Church. It is a valuable contact point between those in need and the support services that are available. Those serving the coffee are volunteers from Langley churches of all denominations, as well as from the community of Langley. Attendance has been good after it re-opened, and the talks and activities have proved very popular.

Memorial Service in All Souls-tide : A personal invitation to attend was sent to all families for whom funerals had been conducted by the Parish clergy in the previous 2 to 3 years. The service was also streamed this year as the threat of Covid infection was very real for many who wanted to attend.

Mothers’ Union : The Langley and Slough Mothers’ Union (MU) operate at two venues: St. Mary’s Church Hall and St Laurence’s Church, Upton, ideally in alternate months. Meetings of MU have also been held in abeyance for most of the year.

Remembrance Sunday: After a break of two years, the open-air service was conducted again this year at the Village War Memorial, following a parade from Christ the Worker. Schools and local organisations were invited to participate. Public participation was high (around 350) and positive comments were received. This year two police officers from the Thames Valley Police led the parade.

Schools: Contacts have been maintained between clergy and several local schools. Langley Grammar School and Langley Hall Primary Academy held their Christmas Carol services at St Mary. Assemblies, classes and church visits have continued at Foxborough School (Revd Shola Aoko). The Rector is a Community Governor of Ryver’s Primary School and has taken assemblies in Langley Hall Primary Academy, Willow School and Marish Primary School.

Slough Foodbank: This initiative has been supported by Langley churches through gifts of food and the participation of volunteers.

8

Slough Night Shelter: Volunteers from the past were disappointed that once again it was impossible to run the Night Shelter programme in Slough. However, it was welcome news that accommodation had been made available during the pandemic for those in need.

Courageous: ‘recognise, face and overcome fears’

Easter Cracked & Christmas Unwrapped, Good Friday Walk of Witness, Discipleship Courses, Langley Carnival and Lighthouse Langley Holiday Club had all to be kept on hold this year.

ACTIVITIES BY DISTRICT

Christ the Worker District

Contemplative

Every Sunday, before the service begins, Christ the Worker observes a 5 minute silence in prayer to prepare for worship. Members have found this quiet time before service very helpful.

Compassionate

Sunday School: There continued to be demand, albeit irregular, for Sunday School. Some Sundays this is done in partnership with the children at St Francis and is arranged by the parents.

Local Schools: contact with Foxborough school has remained positive. Contact has been made with Toad Hall Day Nursery by the Revd Shola Aoko.

Needles & a Yarn – This much appreciated activity could not take place during the pandemic but was welcomed with great enthusiasm when it started again in September. It is a place of fellowship and friendship.

Courageous

Children-led Service: We had the first one in July which was well received by church members and appreciated by all. It was an informal,

9

relaxed service. The children were excited to lead the church in worship and they led very well.

Christmas Carols at Slough Mencap: A group of dedicated singers attended this year for a fun evening of singing.

Social Events: We held more social events this year with good attendance at all of them. Some events (the Macmillan Coffee Morning, International Evening, and the Afternoon Cream Tea) are intended for fundraising. Other events (Valentine’s Evening, Agape Meal, Quiz Night) are primarily for socializing and fellowship. Members are encouraged to invite family and friends who do not regularly attend church to these events.

St Francis

Contemplative

Morning Prayer: has moved to the Zoom meeting. Book Club: has not restarted after the pandemic

Wednesday Eucharist & Bible Study: This will restart early in 2022.

Compassionate

Refresh: t he tea and cakes afternoon event, held every 3[rd] Thursday of the month, continued to flourish with between 26 and 30 people attending each month, and a varied programme of outside speakers and restarted in November

“Not-Home-Alone” Lunch: This is for elderly people in the parish who live alone, took place monthly at Elisabeth Howell’s house and continued to be very popular. It restarted in November as restrictions reduced.

Holiday at Home: The Holiday Club in August for older people, was again organised after a break of two years, by Bill Birmingham, but for two days, rather than three, before the pandemic. It remains highly popular. Attendance this year averaged around 40 people/day.

Sunday School: There continued to be demand, albeit irregular, for Sunday School. This was led by a rota of members of the congregation, two teams of two people in each.

10

Mums-and-Tots: Now known under the name ‘Little Flowers of St Francis’, re-started in September and remains as popular as ever, with a long waiting list, and continues to do very well. Bill and Barbara Birmingham and Joyce Moss lead the group, with support from the Revd Shola Aoko.

Courageous

Community Cream Tea: The annual cream tea was held and was opened to the wider community through the delivery of postcards and invitations to passers-by on the day.

The Haven: Links had been built up with this local care home but was reduced during the pandemic and has yet to be fully re-established.

’ s St Mary

Contemplative

Prayer Walks: for the churchyard and the church are available to visitors. There is some evidence that these are being made use of occasionally.

Compassionate

Fellowship Meetings: initiated by some South Indian families in the congregation, enabling them to feel more engaged with the church community has also stopped for the time being.

Sunday Club, Crèche and Junior Choir: Continued to flourish, and enable families and children to feel welcomed and involved in the congregation.

Courageous

Social Events: have played an important part in welcoming newcomers and growing relationships within the congregation (and with the other Districts). We have sought to extend the invitation and appeal of social events to include those on the fringes of the congregation.

Patronal Festival: In July we were still under lockdown, but there was a low key celebration for Patronal Festival of the Visitation.

Christmas Fayre: After a break of two years, we held the Christmas Fayre and a Christmas Raffle, in November this year and about £1,500 was raised for Parish funds and brought visitors into the church building.

11

FINANCIAL REPORT FOR 2021

The following pages contain the financial statements of Langley Parochial Church Council, and unincorporated charity for the year ending 31[st] December 2021. The Charity’s registered number and registered address cab be found on the information page.

The financial statements have been prepared in accordance with the Church Accounting Regulations 1997 to 2006, which assure compliance with the Charities Act 2011 and the Charity Commission’s revised Statement of Recommended Practice (SORP 2015 FRS102). This report is a summary of the most significant financial events in 2021.

The financial statements are presented in sterling which is the functional currency of the charity.

The total funds of the PCC in 2021 are £1,497,755 (2020: £1,405,988). The funds are up by £91,767. The unrealised gain on the investments were £109,307. This means that there was a deficit of £17,540 (2020: -£20,508 across all other funds for the year. The deficit is higher than what was included in the budget.

UNRESTRICTED FUNDS

Unrestricted Funds provide most of the financial resources on which the parish relies to meet its day-to-day expenditure. The policy of the PCC is to agree an annual budget, in which the expenditure does not exceed the incoming resources. Financial reviews in relation to the budget are presented at each meeting of the Standing Committee and, where appropriate, the full PCC meeting.

In 2021 unrestricted funds achieved a total deficit of £26,767 (2020: a deficit of £36,125 was achieved). A claim will be made against the Seymour Bequest fund for St Mary’s running costs. The claim represents the 2021 expenditure and the total amount to be claimed is £10,370. The total claim outstanding is now £43,725 (2020: £113,364). The claim had not previously been actioned so that interest could be earned of the deposit account. However, as interest rates are now much lower it has been agreed to transfer funds to the main PCC account.

The stewardship campaign achieved a 6.39% decrease over the 2020 campaign in terms of actual figures. This is still significantly below the intended target of 5% per annum, but this is recognised that a target of 5% is not always achievable, especially given the last year as it has been impacted so much by Covid.

The only income tax reclaimed in the year has related to the donations given via the PGS scheme. A claim will need to be made on the other donations.

At the beginning of the year the General Fund stood at £12,890, but given the losses incurred in 2021 this is now (£13,877). The overall unrestricted reserves are still positive when the Fabric fund, ground fund and the St Mary’s Hall is included. It is hoped that once a claim is made for the income tax and given that our halls are now open for rent the general fund can get back to break even.

Regarding General Fund income, the main points in 2021 were:

Stewardship and gift aid receipts decreased in 2021 by £13,533 to £90,787 (2020: £104,320). The budgeted figure was £97,500, so 93% of the budget was achieved compared with 98% for the previous year. Given that we spent most of the year in a

12

pandemic this is an amazing achievement, and the claim has not been made for the non PGS stewardship. Our thanks go out to all those who continue to support the parish. The budget will be reviewed throughout the year as the stewardship receipts will be a critical factor on whether the unrestricted general fund finishes back with with a surplus or a deficit.

RESTRICTED FUNDS

The most significant points associated with the restricted funds are:

13

ENDOWMENT FUNDS AND TRUSTS

The parish benefits from two trusts, the Seymour Bequest Fund, held by the PCC and included in these accounts, and the St. Mary’s Education Trust, administered by the Diocese and not included here. Without the income from these trusts the parish would be financially hard pressed.

The total investment income of the fund amounted to £19,352 (2021: £19,189). During the year, the investments appreciated by £95,087 (2020: appreciated by £42,768) so that, at year end, the fund was valued at £819,382 (2020: £715,304).

-------------------------------------

D.T. Munday (Treasurer – Langley PCC)

Date: 12 May 2022

14

Parochial Church Council of the Ecclesiatical Parish of Langley Marish

Registered Charity No. 1128004

Report of the Independent Examiner to the Trustees of the Parocial Church Council of the Ecclesiastical Parish of Langley Marish

I report on the accounts of the charity for the year ended 31[st] December 2021 which are set out on pages 1 to 30

Respective responsibilities of trustees and examiner

As he 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 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commissioner 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 Trust as required by section 130 of the act; or

  2. the accounts do not accord with these records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of the accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the 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 attentions should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

……………………………. Date: ………………………..

Darren Parsons FCCA Stiles & Company, Chartered Certified Accountants

2 Lake End Court Taplow Road Taplow Maidenhead Berkshire SL6 0JQ

15

PAROCHIAL CHURCH COUNCIL OF LANGLEY MARISH

STATEMENT OF FINANCIAL ACTIVITIES : FOR THE YEAR ENDED 31DECEMBER 2021

Note
INCOMING RESOURCES
Incoming resources from donors
2a
Other voluntary incoming resources
2b
Income from charitable trading
2c
Other ordinary incoming resources
2d
Income from investments
2e
TOTAL INCOMING RESOURCES
RESOURCES USED
Grants
3a
Directly relating to the work of the church
3b
Fund - raising and publicity
3c
Church management & administration
3d
Governance costs
3d
TOTAL RESOURCES USED
NET INCOMING /(OUTGOING) RESOURCES
GAINS AND LOSSES ON INVESTMENTS
- Realised
- Unrealised
NET MOVEMENT IN FUNDS
BALANCE BROUGHT FORWARD AT
1
stJANUARY 2021
TRANSFER BETWEEN FUNDS
BALANCE CARRIED FORWARD AT
31
st DECEMBER 2021		 Unrestricted
Funds

£
95,903.33
4,350.00
17,730.10
0.00
516.19
118,499.62
5,400.00
133,583.12
0.00
4,437.44
1,845.95
145,266.51
(26,766.89)
0.00
0.00
(26,766.89)
394,427.33
0.00
367,660.44		 Restricted
Funds
£
0.00
1,697.58
5,243.50
0.00
4,898.72
11,839.80
0.00
6,761.81
0.00
0.00
4,842.61
11,604.42
235.38
0.00
0.00
235.38
102,987.43
0.00
103,222.81		 Endowment
Funds
£
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
14,219.60
14,219.60
193,270.27
0.00
207,489.87		 Seymour
Fund
£
0.00
0.00
0.00
0.00
19,351.86
19,351.86
0.00
10,360.80
0.00
0.00
0.00
10,360.80
8,991.06
0.00
95,087.20
104,078.26
715,303.51
0.00
819,381.77		 Total
Funds 2021
£
95,903.33
6,047.58
22,973.60
0.00
24,766.77
149,691.28
5,400.00
150,705.73
0.00
4,437.44
6,688.56
167,231.73
(17,540.45)
0.00
109,306.80
91,766.35
1,405,988.54
0.00
1,497,754.89		 Total
Funds 2020
£
107,927.81
5,038.35
17,146.64
0.00
24,886.18
154,998.98
5,750.00
170,964.69
0.00
5,205.12
6,700.97
188,620.78
(33,621.80)
0.00
53,129.63
19,507.83
1,372,218.71
14,262.00
1,405,988.54

16

PAROCHIAL CHURCH COUNCIL OF LANGLEY MARISH

BALANCE SHEET AT 31[st. ] DECEMBER 2021

Note
FIXED ASSETS
Tangible fixed assets
6
Investment Assets (Seymour Bequest )
7
Investment Assets (Church House Estate )
7
Investment Assets (St. Mary's Church Centre)
7
CURRENT ASSETS:
Debtors
9
Deposit Account (Seymour Bequest )
Cash at bank and in hand:
National savings bank
Main PCC current account
St. Mary's church centre current account
St. Mary's church centre business account
Parish Magazine account
St. Francis Mother & Toddler Fund account
St. Francis General Fund account
C.W.Community Hall Float account
Seymour Bequest bank account
Seekers Club bank account
C.W. Mother & Toddler Group account
Cash in hand - General Account
Cash in hand - Seekers Club
Cash in hand - St.Mary's Float
Cash in hand - St. Francis General Fund
Cash in hand - St. Francis Mother & Toddler Fund
Cash in hand - Christ the Worker Hall Float
Cash in hand - C.W. Mother & Toddler Group
LIABILITIES :
AMOUNTS FALLING DUE WITHIN ONE YEAR
10
NET CURRENT ASSETS
TOTAL NET ASSETS
5
FUNDS:
Unrestricted
4(b)
Restricted
4(e)
Endowment
4(c)
Seymour restricted
4(d)
Approved by:		 2021
2020
£
£
377,805.77
382,648.38
759,779.41
664,692.21
17,613.22
15,408.91
186,817.30
174,802.01
1,342,015.70
1,237,551.51
36,173.78
22,493.55
85,994.96
146,643.10
9,682.73
9,613.52
14,429.74
3,840.17
501.73
473.72
21,664.64
23,810.22
2,368.39
2,587.89
1,207.21
1,415.44
1,295.72
1,295.72
5.72
5.72
17,332.49
17,332.49
25.95
975.95
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
122.00
20.00
22.33
22.33
0.00
0.00
190,827.39
230,529.82
(35,088.20)
(62,092.79)
155,739.19
168,437.03
1,497,754.89
1,405,988.54
367,660.44
394,427.33
103,222.81
102,987.43
207,489.87
193,270.27
819,381.77
715,303.51
1,497,754.89
1,405,988.54
-
-

D.T. Munday (Treasurer - Langley PCC) Date: 11 May 2022

17

NOTES TO THE FINANCIAL STATEMENT: FOR THE YEAR ENDED 31[ST] DECEMBER 2021

ACCOUNTING POLICIES

The financial statements have been prepared in accordance with the Church Accounting Regulations 1997 as amended by the Church Accounting (Amendment) Regulations 2006 together with applicable accounting standards and the Charities SORP 2015 (FRS 102).

The financial statements have been prepared under the historical cost convention except for the valuation of investment assets, which are shown at market value.

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. Funds designated for a particular purpose by the PCC are also unrestricted.

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.

INCOMING RESOURCES

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.

Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement, the amount due is quantifiable and its ultimate receipt by the PCC is reasonably certain.

Funds raised by the fete, garden party and similar events are accounted for gross.

Sales of books and magazines from the church bookstall are accounted for gross.

Other Income

Rental income from the letting of church premises is recognised when the rental is due.

Income from Investments

Dividends are accounted for when due and payable. Interest entitlements are accounted for as they accrue.

Gains and Losses on Investments

Realised gains or losses are recognised when the investments are sold.

Un-realised gains or losses are accounted for on revaluation of investments at 31[st] December.

18

RESOURCES USED

Grants

Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC.

Activities directly relating to the work of the Church

The diocesan parish share is accounted for when paid. Any parish share unpaid on 31[st] 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.

FIXED ASSETS

Consecrated Land and Buildings and Movable Church Furnishings

Consecrated and beneficed property of any kind is excluded from the accounts by s.10 of the Charities Act 2011.

Movable church furnishings held by the Vicar and churchwardens on special trust for the PCC and which require a faculty for disposal, are accounted 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[st] January have been capitalised and depreciated in the accounts over their currently anticipated useful economic life on a straight-line basis.

All expenditure incurred during the year on consecrated or benefice buildings individual items under (£1,000) or on the repair of movable church furnishings acquired before 1[st] January is written off.

Other Fixtures, Fittings and Office Equipment

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

Investments

Investments are valued at market value at 31[st] December.

Current Assets

Amounts owing to the PCC at 31[st] December in respect of fees, rents or other income are shown as debtors less provision for amounts which may prove uncollectible.

Short-term deposits include cash held on deposit either with the CBF Church of England Funds or at the bank.

19

PAROCHIAL CHURCH COUNCIL OF LANGLEY MARISH

NOTES TO THE FINANCIAL STATEMENT : FOR THE YEAR ENDED 31st. DECEMBER 2021

3
RESOURCES USED
Unrestricted
Funds
£
3(a) GRANTS
Missionary and charitable giving:
5,400.00
5,400.00
3(b) DIRECTLY RELATING TO THE WORK OF THE CHURCH
Ministry
Clergy Expenses
7,495.69
Diocesan Quota
94,053.64
Deanery Quota
0.00
Church running costs & maintenance
11,433.01
Upkeep of grounds
0.00
Upkeep of graves & churchyard
0.00
Upkeep of services
749.83
Salaries & External Fees
6,918.96
Major church repairs & replacement
2,060.00
Cost of parish magazine & bookstall
0.00
Sunday School
0.00
Training and mission
0.00
Youth groups
0.00
Church hall expenditure
10,871.99
133,583.12
3(c) FUND RAISING AND PUBLICITY
Cost of social events
0.00
Cost of fund raising events
0.00
Cost of stewardship (non recurring)
0.00
0.00
3(d) CHURCH MANAGEMENT AND ADMINISTRATION
Administration:
Cost of secretarial assistance
3,327.00
Cost of stationery
933.50
Bank charges
176.94
Governance costs
1,845.95
Amortisation
0.00
Loan interest
0.00
6,283.39
TOTAL RESOURCES USED
145,266.51		 Restricted
Funds
£
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
3,213.00
0.00
2,250.00
208.27
887.31
203.23
0.00
6,761.81
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
4,842.61
0.00
4,842.61
11,604.42		 Endowment
Funds
£
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00		 Seymour
Fund
£
0.00
0.00
0.00
0.00
0.00
9,207.92
0.00
1,152.88
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
10,360.80
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
10,360.80		 Total
Funds 2021
£
5,400.00
5,400.00
7,495.69
94,053.64
0.00
20,640.93
0.00
1,152.88
749.83
10,131.96
2,060.00
2,250.00
208.27
887.31
203.23
10,871.99
150,705.73
0.00
0.00
0.00
0.00
3,327.00
933.50
176.94
1,845.95
4,842.61
0.00
11,126.00
167,231.73		 Total
Funds 2020
£
5,750.00
5,750.00
6,573.86
106,289.37
1,074.00
32,125.01
360.00
1,037.41
878.46
9,123.00
1,530.00
1,935.00
302.25
2,640.90
0.00
7,095.43
170,964.69
0.00
0.00
0.00
0.00
3,327.00
1,661.04
217.08
1,858.36
4,842.61
0.00
11,906.09
188,620.78

20

PAROCHIAL CHURCH COUNCIL OF LANGLEY MARISH NOTES TO THE FDthCLIL STATENIEyf .. FOR THE IEARENTIED 31°.DECE.MBER2O21 • ThCOIILSG RESOLT(¢ES l•re￿rIC1￿ Rèth6ctod EndrWmQ•t Tolal Total 21) DCOIDG RESOIIiCES FROJI DQNORS P]knedBiMng STtudsbip Wiih GifT Aid DeelaMiOts kcotDelax onGiftAiddEdzXIoD5 ColleciiOttS S￿1￿. dollioas 78,798x0 Tro 0.00 0.00 0.00 0.00 78.798 80 84,182.00 Tro fvo 2,108.88 4.233J2 4.23332 95.903JJ o.ofy 95.9033) 107927.81 2(b) OIHER 1"OLIThT.4RY￿cI￿￿￿G BESOIIiCES D¢tUtiQJ5 Le8xies Iseemote 101 Fwdra5iAg ¢veNs Socia ENErLIs Cboii Fun si.m￿y's Scknol RdiÉiOu#E￿XloDTt OJ) 3.OOOJ)O 1.3511110 ofjo ofjo ono 002ts0 tso 0.00 0.00 002.00 3.000.00 95.2ts 2.000.0Tr 0.0 o.ofy 00 2943 15 ffio ffio 1.09558 0.00 0.00 0.00 1.09558 4,350DO l.697J8 0.00 6.04758 5,038.35 21¢) ￿c￿lIE FROII (E4Rrr.4BLEIR4DDG Fee5 & Cop4n8lK Fet5 sae •fBo¢ks Sar ofJfasazizK5 Cbw¢hb311 letti Cbwcb Cetyre irKpme 2,959nO ono oJ)o TrJ)o 0.00 0.00 0.00 0.00 0.00 0.00 2.959 00 3,213.00 o.oo 2.05050 12300 2548.00 0.00 .720.00 3213Tr0 2.05050 fvo 0.00 000 000 $243JO 0.00 22.973JlO 21d) 01HER ORDfN.4RY ThCOIUXG FESOI11CE$ 5uYaKt¢lms ReclarnedNAT J)0 Jio 0.0 o.ofy 0.0 ono 0.00 (*) PICOIIE FROJlLNIlSnJEN75 xere Di&idttyJs 6921 44098 otso 4,898.72 70.33 139.54 24.62723 646.28 24 J39.90 4.898.?2 24.766.77 24.886.18 TOTALDCOIDG BISOLIiCIS 118.499A12 149.09118 154J9898 21

NOTES TO THE FINANCIAL STATEMENT: FOR THE YEAR ENDED 31[ST] DECEMBER 2021

MOVEMENT OF INDIVIDUAL PCC FUNDS

DEFINITION OF FUNDS, FLOATS AND PURSES

The following material funds, floats and purses have been identified by the PCC who have approved these definitions:

GENERAL FUND (UNRESTRICTED FUND)

The General Fund is used for the furthering of the mission and mission of the church and to meet the expenses of the parish of Langley Marish and the clergy team in their work within the Deanery at the discretion of the PCC.

FABRIC FUND (UNRESTRICTED FUND)

The Fabric Fund enables money to be set aside from general funds for future major church projects at the discretion of the PCC.

GROUNDS FUND (UNRESTRICTED FUND)

The Grounds Fund is used to provide income for the upkeep of church grounds at the discretion of the PCC.

CHOIR FUND (RESTRICTED FUND)

The Choir Fund is restricted to income specifically for the choir to finance choir activities. This fund is used at the discretion of the choir and choirmaster as delegated by the PCC.

ST. MARY’S CHURCH CENTRE FUND (RESTRICTED FUND)

The St. Mary’s Church Centre Fund is restricted to income from the hire of the centre and investments associated with the centre. The purpose of the fund is for the upkeep and long-term maintenance of the centre at the discretion of its Management Committee as delegated by the PCC.

ST. MARY’S GENERAL FLOAT (RESTRICTED FUND)

The St. Mary’s General Float is a restricted fund, with much of its income derived from donations and specifically used for the general upkeep and maintenance of the building and facilities. With a maximum limit of £250, this fund is used at the discretion of the Verger, district wardens of DCC as delegated by the PCC.

LANGLEY PARISH MAGAZINE FUND (RESTRICTED FUND)

The Langley Parish Magazine Fund is restricted to income and expenditure associated with the parish magazine and used at the discretion of the Magazine Management Committee as delegated by the PCC.

ST. FRANCIS MOTHERS & TODDLERS FUND (RESTRICTED FUND)

The St. Francis Mothers and Toddlers Fund is restricted to income from donations given specifically for the benefit of the group. The fund is used only for the activities of the group or other related purposes at the discretion of the organisers as delegated by the PCC.

22

ST. FRANCIS DEVELOPMENT FUND (RESTRICTED FUND)

The St. Francis Development Fund is restricted to income from donations, bequests and fund raising events specifically for the benefit of St. Francis church. The fund is used only for the on-going upkeep and development of St. Francis church at the discretion of the Vicar and District Wardens as delegated by the PCC.

ST. FRANCIS BUILDING FUND (RESTRICTED FUND)

The St. Francis Building Fund is restricted to income given specifically for the restructuring of St. Francis church. The fund is used only for that purpose as approved by the PCC.

ST. FRANCIS GENERAL FUND (RESTRICTED FUND)

The St. Francis General Fund is a restricted fund, with its income derived from smaller donations and activities in St. Francis district. It is used for the minor maintenance and upkeep of the building and services at St. Francis church. This fund is used at the discretion of the Vicar, District Wardens or DCC as delegated by the PCC.

CHRIST THE WORKER FLOAT (RESTRICTED FUND)

The Christ the Worker Float is a restricted fund used for the general upkeep and maintenance of the building and facilities. This fund is used at the discretion of the district wardens or DCC as delegated by the PCC.

CHRIST THE WORKER COMMUNITY HALL FUND (RESTRICTED FUND)

The Christ the Worker Community Room fund is restricted to income from letting of the community room and used for its maintenance and running costs at the discretion of the Christ the Worker Management Committee as delegated by the PCC.

SEEKERS CLUB FUND (RESTRICTED FUND)

The Seekers Club Fund is a restricted fund, its income derived from club activities or donations. The fund must be used to meeting the running costs or other related expenses of the club, at the discretion of the club leaders as delegated by the PCC.

CHRIST THE WORKER MOTHERS & TODDLERS FUND (RESTRICTED FUND)

The Christ the Worker Mothers and Toddlers Fund is restricted to income and donations given specifically for the benefit of the group. The fund is used only for the activities of the group or other related purposes at the discretion the organisers as delegated by the PCC.

SEYMOUR BEQUEST FUND (RESTRICTED FUND)

The Seymour Bequest Fund is a restricted fund, its primary purpose being for the upkeep of St. Mary’s Church and the graveyard according to its needs. However, if the income cannot be applied to the main objective it may be applied to:

The trustees of the bequest, as delegated by the PCC, administer the fund.

23

4. MOVEMENT OF INDIVIDUAL PCC FUNDS

CHURCH HOUSE ESTATE FUND (ENDOWMENT FUND)

The Church House Estate Fund is an endowment fund. The capital, which cannot be spent, is derived from the Langley Church House Estate Charity. The income from this capital is unrestricted and may be used for any purpose at the discretion of the PCC.

GRAVE MAINTENANCE FUND (ENDOWMENT FUND)

The Grave Maintenance Fund is an endowment fund. The capital cannot be spent but the income from this capital can only be used for the on-going upkeep of the graves and surroundings of Mrs Oseland, Paul Nash, the Irons family and A.N.Other at the discretion of the PCC.

ST. MARY’S CHURCH CENTRE TRUST (ENDOWMENT FUND)

The St. Mary’s Church Centre Trust is an endowment fund and as such the capital cannot be spent. The primary purpose of the income from the capital is to provide for the ongoing upkeep and long-term maintenance of the church centre at the discretion of its Management Committee as delegated by the PCC.

24

PAROCHIAL CHURCH COUNCIL OF LANGLEY MARISH

NOTES TO THE FINANCIAL STATEMENT : FOR THE YEAR ENDED 31st. DECEMBER 2021

4 MOVEMENT OF INDIVIDUAL PCC FUNDS

4(b) UNRESTRICTED FUNDS

Fund at 1
st.January 2021
Add
2021 Interest / Dividend
2021 Income
Donation from Restricted Funds
Transfers between unrestricted funds
Less
2021 Expenditure
Transfer to restricted funds
Fund at 31
st.December 2021		 General
Fabric
Ground
St. Mary's
Unrestricted
Fund
Fund
Fund
Hall/Centre
Funds Total
£
£
£
£
£
12,890.08
24,517.28
7,019.97
350,000.00
394,427.33
516.19
0.00
0.00
0.00
516.19
117,983.43
0.00
0.00
0.00
117,983.43
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
(145,266.51)
0.00
0.00
0.00
(145,266.51)
0.00
0.00
0.00
0.00
0.00
(13,876.81)
24,517.28
7,019.97
350,000.00
367,660.44

4(c) ENDOWMENT FUNDS

4(c)
ENDOWMENT FUNDS
Grave
Church
Maintenance
House
Fund
Estate
£
£
Fund at 1st. January 2021
3,059.35
15,408.91
Add
2021 Interest / Dividend
0.00
0.00
Less
2021 Expenditure
0.00
0.00
Gains/Losses on Investments
0.00
2,204.31
Fund at 31st. December 2021
3,059.35
17,613.22
4(d) SEYMOUR BEQUEST FUND (RESTRICTED FUND)
Fund at 1st. January 2021
Add
Income Received:
VAT Refund on Building Work
Dividends from investments
Interest from deposit account
Repayment of work on Library
Less
Use of Bequest:
Utilities
Insurance
Maintenance, cleaning and repair
Major repairs
Upkeep of graves and churchyard
Movement of Fund
Realised Gains/Losses on Investments
Unrealised Gains/Losses on Investments
Fund at 31st. December 2021		 Grave
Church
Maintenance
House
Fund
Estate
£
£
3,059.35
15,408.91
0.00
0.00
0.00
0.00
0.00
2,204.31		 St. Mary's
Centre
Trust
£

174,802.01

0.00

0.00

12,015.29

186,817.30
£
-
19,281.53
70.33
-
(3,291.35)
(4,944.26)
(972.31)
0.00
(1,152.88)		 Endowment
Funds
Total
£
193,270.27
0.00
0.00
14,219.60
3,059.35
17,613.22		 207,489.87
£
715,303.51
19,351.86
(10,360.80)
8,991.06
0.00
95,087.20
819,381.77

25

PAROCHIAL CHURCH COUNCIL OF LANGLEY MARISH

NOTES TO THE FINANCIAL STATEMENT : FOR THE YEAR ENDED 31st. DECEMBER 2021

4 MOVEMENT OF INDIVIDUAL PCC FUNDS

4(e)
RESTRICTED FUNDS
Fund at 1st. January 2021
Add
2021 Interest / Dividend
2021 Income
Donation to General Fund
Legacy
Less 2021 Expenditure
Fund at 31st. December 2021
Fund at 1st. January 2021
Add
2021 Interest / Dividend
2021 Income
From General Fund
Less 2021 Expenditure
Fund at 31st. December 2021		 Parish
St.Mary's
St.
St.Mary's
St.
Other
Magazine
Choir
Mary's
Church
Mary's
Restricted
Fund
Fund
Float
Centre Fund
Bequest
Funds
£
£
£
£
£
£
2,587.89
1,608.94
0.00
44,514.15
11,291.03
0.00
-
0.00
0.00
4,898.72
0.00
2,030.50
0.00
0.00
0.00
0.00
4,308.58
0.00
0.00
0.00
0.00
-
0.00
0.00
0.00
0.00
(2,250.00)
0.00
0.00
0.00
0.00
(4,308.58)
2,368.39
1,608.94
0.00
49,412.87
11,291.03
0.00
St.Francis
St.Francis
St.
St. Francis
St. Francis
Mother &
General
Francis
Development
Building
Toddler Fund
Fund
CTC Fund
Fund
Fund
£
£
£
£
£
1,435.44
1,295.72
0.00
2,037.16
2,882.25
0.00
0.00
0.00
0.00
0.00
102.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
(203.23)
0.00
0.00
0.00
0.00
1,334.21
1,295.72
0.00
2,037.16
2,882.25
Fund at 1st. January 2021
Add
2021 Interest / Dividend
2021 Income
Legacy
Donation to General Fund
Transfer between funds
Less 2021 Expenditure
Transfer between funds
Fund at 31st. December 2021		 C.W.
C.W.
C.W.
C.W.
C.W.
Restricted
Seekers
Mother &
Hall
Building
Extension
Funds
Club
Toddler Fund
Fund
Float
Building
Total
£
£
£
£
£
£
975.95
0.00
1,682.47
28.05
32,648.38
102,987.43
0.00
0.00
0.00
0.00
0.00
4,898.72
0.00
0.00
500.00
0.00
0.00
6,941.08
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
(4,842.61)
(11,604.42)
0.00
0.00
0.00
0.00
0.00
0.00
975.95
0.00
2,182.47
28.05
27,805.77
103,222.81

26

NOTES TO THE FINANCIAL STATEMENT : FOR THE YEAR ENDED 31st. DECEMBER 2021

5 ANALYSIS OF NET ASSETS BY FUND

Fixed Assets
Current Assets
Current Liabilities
TOTAL		 Unrestricted
Funds
£
350,000.00
52,748.64
(35,088.20)
367,660.44		 Restricted
Funds
£
27,805.77
75,417.04
0.00
103,222.81		 Endowment
Funds
£
204,430.52
3,059.35
0.00
207,489.87		 Seymour
Fund
£
759,779.41
103,327.45
(43,725.09)
819,381.77		 Total
Funds 2021
£
1,342,015.70
234,552.48
(78,813.29)
1,497,754.89		 Total
Funds 2020
£
1,237,551.51
343,894.11
(175,457.08)
1,405,988.54

6 VALUATION OF TANGIBLE FIXED ASSETS

The St. Mary's Church Centre and the land retained by the PCC, located at the junction of St. Mary's Road and Langley Road, Langley, SL3 7EN, has been valued at £350,000. This gross book value is considered to be a fair estimate.

Freehold Buildings
Valuation - St. Mary's Church Centre
C.W. Extension building
Revaluation - St. Mary's Church Centre
Cost carried forward
Amortisation
Amortisation carried forward
Net book value at 31 December 2021
Net book value at 1 January 2021		 2021
£
350,000.00
96,852.32
0.00
446,852.32
4,842.61
69,046.55
377,805.77
382,648.38		 2020
£
350,000.00
96,852.32
0.00
446,852.32
4,842.61
64,203.94
382,648.38
392,333.60

The Christ the Worker Extension building costs will be amortised over a period of twenty years.

Seymour Bequest Fund :
Shares held in the CBF's Investment Fund - number of shares
Unit share price as at 31 December 2021
Current total share value as at 31 December 2021
Church House Estate :
Shares held in the CBF's Investment Fund - number of shares
Unit share price as at 31 December 2021
Current total share value as at 31 December 2021
St. Mary's Church Centre :
Shares held in the CBF's Investment Fund - number of shares
Unit share price as at 31 December 2021
Current total share value as at 31 December 2021
Shares held in the CBF's Fixed Interest Fund - number of shares
Unit share price as at 31 December 2021
Current total share value as at 31 December 2021		 2021
2020
32,444
32,444
£23.42
£19.17
£759,779
£621,924
752
752
£23.42
£19.17
£17,613
£14,417
5,505
5,505
£23.42
£19.17
£128,927
£105,535
36,558
36,558
£1.58
£1.64
£57,890
£59,897

The above valuation is obtained from statements provided by CCLA at 31 December 2021.

28

OTÉS TO THE mA)CIAL sfAfENtsNT .. FOR THE YEAR E)mED 3151. ￿￿￿71￿￿k Z021 8 LEG.4aES Atotri of£).00012020 40O0)b4uebed￿202j.Il￿sV￿￿tCa￿df[0j￿￿e￿xe. 2021 2020 5.96S.83 St Fra￿15.(￿￿￿Sts 17.$45 88 10.450.3 . M¥N'5Cbw¢hCer¢Je. r¢rrt &sntrre Pxlsh￿C07lits utetest CXberDeitors 77.42 3fj.173 71 22.493 55 10 LIABlli]JES.. XIIOi)TSFALIThL IITIID OXT IEAR 2021 )20 Cre¢It0￿ toryod5 zd5eThice5 St I15'5CbLwckCets[e￿C[U3I5 22.623 20 960.00 9.430 00 12.46< 35 088 20 02092.79 11 ST.4FF C0515 2011 2020 NuthrofpeoFiepadb>'thehi5h Fee5ajdknn0l￿23 £10 eruDrthePtt￿25 padJwDrbMoraillD f0ruDik￿OJted￿lththtPct. TheF￿ &e5w3wor fte5 to Jseuew. clea¢rs. ¥Joryi tr￿p￿S￿truyXCrl¢￿￿dE0 ￿d￿c￿￿￿¢hc•elr￿Vx¢r1ece¢%￿d£0lQ•Ur&￿eIrxpell$¢￿ Ll)Ir4theNe¥ tkpcr ¥e¢diTrrfy•s totall￿££.490 iwuldkthsrribAo1. HoMrKTthe 0>mWdt￿ vueun4e tomeLRELIGK)LE EiKC4INY4 lltiST k20?1 the FfcJllieacl￿Dfly £1.096 (2020". 12.943}￿￿t￿b￿{it￿spth￿￿￿tpCcolltth#10d * YothproJtCTS. Ills dath •0itdbythert￿EÈtt. 2021 the tsustetsofL4ey CbxcbCoDbiJ reeth￿d￿) alpadJ 15 L￿)EPEN1)E%TEX.&j￿%IRSB￿1IlTrI1l4]I0 co5inllDte3{d). 28