The Parochial Church Council of the Ecclesiastical Parish of Newdigate
Financial Statements
For the year 31st December 2021
Charity Number 1128384
The Parochial Church Council of the Ecclesiastical Parish of Newdigate
Financial Statements
Year ended 31st December 2021
Contents
Contents Pages Trustees and other information 1 Trustees Annual Report 2 to 6 Independent examiner’s report to the trustees 7 Statement of financial activities 8 Balance sheet 9 Notes to the financial statements 10 to 19
The Parochial Church Council of the Ecclesiastical Parish of Newdigate
Trustees and other information
| Registered charity name | The Parochial Church Council of the Ecclesiastical Parish of |
|---|---|
| Newdigate | |
| Charity number | 1128384 |
| Principal office | St Peter's Church |
| Church Lane | |
| Newdigate | |
| Surrey | |
| RH5 5DL | |
| Trustees | Rev. A. D. J. Coe (Rector) |
| Rev. N. E. Coe (Associate Minister) | |
| Rev. Dr. M. Gilpin (Associate Minister) | |
| Mr. J. Baker (Church Warden) (from 16thMay 2022) | |
| Mr. P. Middleton (Church Warden) (till 16thMay 2022) | |
| Mr. D. Newbery (Church Warden) | |
| Mrs. T. Callcut | |
| Mrs. A. Frost | |
| Mr. I. Frost | |
| Mr. S. Glynn (till 16thMay 2022) | |
| Mrs. L. Glynn | |
| Mr. B. Jordan | |
| Mrs. L. Mears (from 16thMay 2022) | |
| Mrs. P. Middleton | |
| Mr. J. Moss (till 16thMay 2022) | |
| Mr. J. Newbery (from 16thMay 2022) | |
| Mrs. C. Padmore | |
| Mr. N. Ramsden (from 16thMay 2022) | |
| Mrs. V. L. Ramsden |
1
The Parochial Church Council of the Ecclesiastical Parish of Newdigate
Trustees Annual Report
Year ended 31st December 2021
The trustees present their report and financial statements of the charity for the year ended 31st December 2021.
The trustees
The trustees who served the charity during the period until the date of approval of the report were as follows:
Rev. A. D. J. Coe Rev. N. E. Coe Rev. Dr. M. Gilpin Mr. J. Baker Mrs. T. Callcut Mrs. A. Frost Mr. I. Frost Mr. S. Glynn (till 16[th] May 2022) Mrs. L. Glynn Mr. B. Jordan Mrs. L. Mears (from 16[th] May 2022) Mr. P. Middleton Mrs. P. Middleton Mr. J. Moss (till 16[th] May 2022) Mr. D. Newbery Mr. J. Newbery (from 16[th] May 2022) Mrs. C. Padmore Mr. N. Ramsden (from 16[th] May 2022) Mrs. V. L. Ramsden
2
The Parochial Church Council of the Ecclesiastical Parish of Newdigate
Trustees Annual Report (continued)
Year ended 31st December 2021
Structure, governance and management
The Parochial Church Council of the Ecclesiastical Parish of Newdigate is a registered charity, with charity number 1128384 and is constituted under the Parochial Church Council Powers Measure (1956) as amended and Church Representation Rules.
The Parochial Church Council (PCC) has the responsibility of co-operating with the incumbent the Revd. Andrew Coe, in promoting the ecclesiastical parish, the whole mission of the Church, pastoral, evangelistic, social and ecumenical.
The PCC is specifically responsible for the maintenance of St Peter's Church Newdigate, which is part of the Church of England Diocese of Guildford. The Surrey Weald Team includes the three parishes of Newdigate, Capel and Ockley and The Holmwood. Appointment of PCC Members is set out in the Church Representation Rules. All church attendees are encouraged to register on the Electoral Roll and stand for election to the PCC.
The full PCC met 3 times (2 in person, 1 online) during the year with an average level of attendance of 80%.
Given its wide responsibilities, the PCC has a number of sub-committees each dealing with a particular aspect of parish life. The current sub-committees are: Standing Committee; Communities Committee; and Administration Committee. Most PCC members are members of at least one sub-committee and other Church members have been co-opted onto these sub-committees as required. All are responsible to the PCC and report back to it regularly with minutes of their decisions being received by the full PCC and discussed as necessary.
Objectives and activities
The PCC is committed to encouraging and enabling as many people as possible to worship at our church and to become part of the parish community of St. Peter's. The PCC maintains an overview of worship throughout the parish and makes suggestions on how our services can involve the many groups that live within our rural parish. The PCC also leads outreach to those within the parish who are not regular attendees at St. Peter’s. Our services and worship put faith into practice through prayer, scripture, music and sacrament.
Guided by God, the PCC aims for St. Peter's Church to grow in holiness, unity, effectiveness and numbers. To draw closer to God and to those around us. To have enthusiasm in our faith, and wisdom in sharing it with all ages. To have open eyes to new opportunities, lips to sing and speak of God, and hearts to welcome the stranger. To grow God's kingdom in us and in the world, through the intercession of our Lord Jesus Christ and in the power of the Holy Spirit.
When planning our activities for the year, we have considered the Charity Commission's guidance on public benefit and, in particular, the supplementary guidance for charities for the advancement of religion. In particular, we try to enable ordinary people to live out their faith as part of our parish community through:
-
Worship and prayer; learning about the Gospel; and developing their knowledge and trust in Jesus.
-
Provision of pastoral care for people living in the parish.
-
Missionary and outreach work.
Achievements and performance
We continued to focus on several areas of Church life, as identified through work using the ‘Leading Your Church into Growth’ Initiative (LYCiG), and the Guildford Diocese ‘Transforming Church, Transforming People’ growth strategy. As Covid restrictions eased, we focussed on things that would help build community, draw people together, and assist growth in Christian faith and understanding. We introduced new initiatives to our Sunday Morning worship, planned new social and outreach activities and events, and revised and relaunched many of our midweek ‘Connect Groups.
3
The Parochial Church Council of the Ecclesiastical Parish of Newdigate
Trustees Annual Report (continued)
Year ended 31st December 2021
Worship and prayer
The PCC is keen to offer a range of services for all ages during the week and over the course of the year that our community find both beneficial and spiritually fulfilling. Regular prayer is an important part of our Church life, and prayer is offered at Sunday services, on weekday mornings and occasional special prayer evenings. The continuing Covid restrictions of 2021 had an impact on Church attendances. Although restrictions gradually eased throughout the year, attendances started to increase again, though some folks were still being careful about attending any gatherings in a public building. Like all Churches, we have had to adapt our Services to ensure that we were Covid compliant, and this has meant changes such as a different way of administering wafers and wine at Holy Communion. In 2021 we were able to resume some Services that were not able to be held in 2020. Thus, we were able to have a Service on Remembrance Sunday, and a Carols by Candlelight in December. A weekly online Morning Prayer chiefly led by Rev Dr Martin Gilpin, has attracted over 20 participants on most weeks.
At the APCM on 30[th] May 2021, there were 111 parishioners on the Church Electoral Roll. The average weekly attendance, counted during October 2021, was 46 adults and 4 under 16's. This number increased at festivals and special services and events that we were able to hold in 2021. The reduction in under 16’s attending was mainly due to families prioritising Schooling, and wanting to make sure that children did not mix outside of their School bubbles.
As well as our regular services, we enable our community to celebrate and thank God at the milestones of the journey through life. Through baptism we thank God for the gift of life, in marriage public vows are exchanged with God's blessing and through funeral services friends and family express their grief and give thanks for the life which is now complete in this world and to commend the person into God's keeping. During the year we have celebrated 4 baptisms, 8 weddings and conducted 6 funerals in Church, 5 interment of ashes in the Churchyard, as well as conducting another 6 funerals at a Crematorium.
Clergy
Our Rector the Revd. Andrew Coe is ably assisted by our Associate Ministers, the Revd. Noelle Coe and the Revd. Dr Martin Gilpin. Both Revd. N. Coe and Revd Dr M. Gilpin are non-stipendiary.
Deanery synod
Two members of the PCC sit on the deanery synod. This provides the PCC with an important link between the parish and the wider structures of the church.
St Peter's Church building
We want our church to be open to our community for private prayer. Although continuing Covid restrictions in 2021 meant that the building was not open every day, we have gradually increased the amount of times and days that folks can come into Church. Spring, summer and early autumn were times in which we could use the Churchyard for the weekly "Coffee under the Bells" on Wednesday mornings, and the regular "Hearing Champions."
Pastoral care
Our team of pastoral assistants and clergy are active in visiting the sick, bereaved, housebound or those in some other need. In addition, all couples being married at St. Peter's are encouraged to engage with marriage preparation. Our team of pastoral assistants were also able to assist with baptism preparation. Home communion was also offered, when Covid regulations allowed for home visits. Prayer for healing and other needs is available.
Volunteers
We would like to thank all the volunteers who work so hard to make our church the lively and vibrant community it is.
4
The Parochial Church Council of the Ecclesiastical Parish of Newdigate
Trustees Annual Report (continued
Year ended 31st December 2021
Mission and evangelism
Home groups and discipleship training are actively encouraged and reflect the diversity of the village. The links with the village Church infant school and pre-school continue to be strong. The Rector and other PCC nominated Foundation Governors, play an active role on the Governing Body of the School. In 2021 we resumed the regular mid- week occasions when the Children come to Church for an act of worship. In Autumn 2020 we held an online ‘24/7 Prayer Course.
Outreach to young families is important. In the beginning of 2021 Covid restrictions meant that Children’s and teenage groups couldn’t meet in person, so we organised online meetings, and kept in touch by email, phone call and distributed craft activity and bible learning resources. Some group activities were able to resume in the autumn. "Coffee Under the Bells" on a Wednesday morning was held in the Churchyard and, when permitted, in the Church building. Most weeks between 20 – 40 folks attend to get together for a chat and fair trade coffee. Many of our mid-week ‘Connect Groups were able to meet again in person in 2021. These provide the opportunity for folks to make new friends, learn together, and discuss matters of faith. An online Lent Course was held in March, following the 24/7 ‘Prayer 2’ teaching and discussion material.
Our parish magazine is distributed monthly to all villagers and is sent to a number of ex-villagers. The magazine keeps our parishioners informed of the important matters affecting our Church and village and includes a newsletter from the Rector as well as articles from various village organisations. A number of community building, and mission initiatives have started, or recommenced. In the autumn we started a new monthly ‘Pop-In Ploughman’s’ lunch at the Village Hall. We aslo recommenced ‘Talk in the Tower, DVD discussion and refreshments, and Breakfast Meetings with a Guest Speaker at a local Pub.
The PCC continues to support the Tear Fund Charity, the work of Besom in Dorking, and Dorking Foodbank.
Financial review
Total incoming resources on unrestricted funds were £82,481 (2020: £79,869). Total incoming resources on restricted donations and grants were £11,967 (2020: £51,654). In 2021 the PCC received a grant totalling £5,000 from the Semaphore Charitable Trust for the Kitchen Project. Two legacies were received in the year.
Of the Incoming resources, the Trustees gave £15,008 (2020: £13,712). The current year donation is £18,608 (2020: £17,140), taking into account the associated Gift Aid £3,600 (2020: £3,428). The church also continues to receive smaller donations from Trustees in the Sunday Service collection.
The monies received in collections continued to be much reduced in comparison to pre-Covid however fees received by the PCC for wedding and funeral services recovered. Restricted donations were significantly lower this year as apart from the Kitchen project there were no major projects requiring fund raising in 2021.
We have continued to give grants and donations to external bodies, though less than in previous years as a result of declining unrestricted income due to the Covid-19 pandemic. Regular financial assistance is given to the Dorking area Foodbank and to the Dorking Besom.
The PCC continues to pay a significant contribution to the cost of Ministry, and the shared costs of Guildford Diocese.
Reserves policy
Reserves on restricted funds are monitored regularly to ensure that no significant build-up of these reserves occurs.
It is PCC policy to try to maintain a balance on unrestricted funds which equates to at least six months unrestricted payments. This is equivalent to £47,000. It is held to smooth out fluctuations in cash flow and to meet emergencies. The cash balance held on unrestricted (excluding designated) funds at the year end, together with the amounts payable to and by the PCC and readily realisable investments, was above this target.
A balance which equates to at approximately six months payments on the parish magazine (2021: £2,395) is held in the Magazine Designated Fund.
5
The Parochial Church Council of the Ecclesiastical Parish of Newdigate
Trustees Annual Report (continued)
Year ended 31st December 2021
Plans for future periods
The Church's mission in Newdigate is an ongoing one, many of the initiatives we have put in place are producing fruit and we will continue to monitor and build on these, though we are aware that in the post Covid pandemic period there may be new priorities for the Church. Thus, we continue to reflect and pray about the specific things that God asks us to focus upon, and look to experience His blessing over the forthcoming year.
As for all Churches, 2021 was a very challenging year as we emerged from the Covid pandemic. In 2022, our biggest aim continues to be rebuilding congregational life, and community links. We are conscious that our Archbishops of Canterbury and York, and our General Synod, have encouraged all Churches to become ‘Simpler, humbler, and bolder’ in the post pandemic period.
Following-on from the courses on Leading Your Church into Growth which we commenced in 2015, the PCC will be leading St Peter’s as it focuses on our agreed development priority areas:
Our Vision
In Jesus name:- Making Disciples: Growing in Discipleship
Our Priority is:-
Serving God, and being rooted and grounded in prayer, and breadth of worship that brings growth by:-
-
Turning ‘outside in’, and ‘inside out’, connecting Church and community
-
Being a friendly Church in which you can make friends Encouraging each other to grow in lifelong Discipleship
Appointment of independent examiner
The APCM on 16[th] May 2022 appointed John Chaplin as Independent examiner.
Signed on behalf of the Trustees
Andrew Coe 19[th] October 2022
Rev Andrew Coe Rector and Chair of the PCC
6
The Parochial Church Council of the Ecclesiastical Parish of Newdigate
Independent Examiner’s Report to the Trustees of the Parochial Church Council of the Ecclesiastical Parish of Newdigate
Year ended 31st December 2021
I report to the trustees on my examination of the accounts of the charity for the year ended 31 December 2021 which are set out on pages 8 to 19.
Responsibilities and basis of report
As the Charity Trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
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examine the accounts under section 145 of the 2011 Act;
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to follow the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
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to state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
Independent 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:
-
accounting records were not kept in respect of the charity in accordance with section 130 of the 2011 Act; or
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the accounts do not accord with those records; or
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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 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.
John Chaplin
Signed
John Chaplin
7
The Parochial Church Council of the Ecclesiastical Parish of Newdigate
Statement of Financial Activities
Year ended 31st December 2021
| Unrestricted | Restricted | Endowment | Total Funds | Total Funds | ||
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | 2021 | 2020 | ||
| £ | £ | £ | £ | £ | ||
| Note | ||||||
| Income and endowments | ||||||
| Donations and Legacies | 2 | 68,280 | 11,967 | – | 80,247 | 121,649 |
| Income from Charitable | 3 | 12,238 | – | – | 12,238 | 7,902 |
| activities | ||||||
| Other trading activities | 4 | – | – | – | – | – |
| Investment Income | 5 | 1,963 | – | – | 1,963 | 1,972 |
| ------------- | ---------- | ---------- | ------------- | ------------- | ||
| Total income | 82,481 | 11,967 | – | 94,448 | 131,523 | |
| ------------- | ---------- | ---------- | ------------- | ------------- | ||
| Expenditure | ||||||
| Expenditure on raising funds: | ||||||
| Cost of raising donations and | 6 | – | – | – | – | – |
| legacies | ||||||
| Expenditure on charitable | 7/8 | (94,096) | (4,445) | – | (98,541) | (93,877) |
| activities | ||||||
| ------------- | ---------- | ---------- | ------------- | ------------- | ||
| Total expenditure | (94,096) | (4,445) | – | (98,541) | (93,877) | |
| ------------- | ---------- | ---------- | ------------- | ------------- | ||
| Gains on investments | 7,685 | – | – | 7,685 | 4,108 | |
| ------------- | ---------- | ---------- | ------------- | ------------- | ||
| Net income (expenditure) resources before transfer |
(3,930) | 7,522 | 3,592 | 41,754 | ||
| ------------- | ---------- | ---------- | ------------- | ------------- | ||
| Transfer between | 10 | 43,077 | (43,077) | – | – | – |
| funds | ||||||
| ------------- | ---------- | ---------- | ------------- | ------------- | ||
| Net movement in funds | 39,147 | (35,555) | – | 3,592 | 41,754 | |
| Reconciliation of funds | ||||||
| Total funds brought forward | 219,796 | 51,838 | 2,512 | 274,146 | 274,146 | |
| ------------- | ---------- | ---------- | ------------- | ------------- | ||
| Total funds carried forward | 258,943 | 16,283 | 2,512 | 277,738 | 274,146 | |
| ======= | ====== | ====== | ======= | ======= |
The Statement of financial activities includes all gains and losses in the year.
All of the above amounts relate to continuing activities.
The notes on pages 10 to 19 form part of these financial statements.
8
The Parochial Church Council of the Ecclesiastical Parish of Newdigate
Balance Sheet at 31st December 2021
| 2021 | 2021 | 2020 | ||
|---|---|---|---|---|
| £ | £ | £ | ||
| Fixed assets | ||||
| Tangible assets | 12 | 149,125 | 162,961 | |
| Investments | 13 | 76,323 | 68,638 | |
| ------------- | ------------- | |||
| 225,448 | 231,599 | |||
| Current assets | ||||
| Debtors and prepayments | 14 | 5,948 | 30,073 | |
| Cash at bank and in hand | 48,343 | 33,046 | ||
| ------------- | ------------- | |||
| 54,291 | 63,119 | |||
| Liabilities | ||||
| Creditors:amounts falling due within one year | 15 | (2,001) | (20,572) | |
| ------------- | ------------- | |||
| Net current assets | 52,290 | 42,547 | ||
| ------------- | ------------- | |||
| Total net assets | 277,738 | 274,146 | ||
| ======= | ======= | |||
| Funds of charity | ||||
| Endowment funds | 16 | 2,512 | 2,512 | |
| Restricted income funds | 17 | 16,283 | 51,838 | |
| Unrestricted income funds | 18 | 258,943 | 219,796 | |
| ------------- | ------------- | |||
| Total charity funds | 277,738 | 274,146 | ||
| ======= | ======= |
The notes on pages 10 to 19 form part of these financial statements.
These financial statements were approved by the members of the PCC and authorised for issue on and are signed on their behalf by:
Andrew Coe 19[th] October 2022
Revd Andrew Coe Rector and Chair of the PCC
9
The Parochial Church Council of the Ecclesiastical Parish of Newdigate
Notes to the Financial Statements
Year ended 31[st] December 2021
1. Accounting policies
Basis of accounting
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act 2011 and the requirements of the Church Accounting Regulations 2006.
The financial statements do not include the accounts of church groups that owe their main affiliation to another body, nor those that are informal gatherings of church members.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires the PCC to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Donations
Planned giving, collections and donations are recognised when received. Tax refunds are recognised when the incoming resource to which they relate is received.
Grants and legacies
Grants and legacies are accounted for when the PCC is legally entitled to the amounts due.
Volunteers and donated services
The value of services provided by volunteers is not incorporated into these financial statements.
Where services are provided to the charity as a donation that would normally be purchased from suppliers this contribution is included in the financial statements at an estimate based on the value of the contribution to the charity had the charity purchased them.
Investment assets and income
Investments are initially recorded at cost and are included at market value at year end.
The PCC does not invest separately for each fund. Where there is no separate investment or other agreement, individual funds with a balance of more than £5,000 participate in the pool of investments where interest and investment gains are apportioned to individual funds on an average balance basis.
Dividends and interest are accounted for when receivable.
Fund accounting
Endowment funds are funds where the capital must be maintained. Income arising from the investment of the endowment may be used as unrestricted funds.
Restricted funds represent donations or grants received for a specific object or invited by the PCC for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of each year must be carried forward as a balance on that fund.
Designated Funds are unrestricted funds set aside at the discretion of the PCC for specific purposes.
Unrestricted funds are general funds that are available for use at the PCC's discretion in furtherance of any objective of the charity.
10
The Parochial Church Council of the Ecclesiastical Parish of Newdigate
Notes to the Financial Statements
Year ended 31[st] December 2021
1. Accounting policies (continued)
Fixed assets
All fixed assets are initially recorded at cost.
Consecrated and beneficed property are excluded from the accounts, additions and improvements to those properties are included as freehold property.
Moveable church furnishings held by the rector and churchwardens on special trust for the PCC, and which require a faculty for disposal, are inalienable property, listed in the church's inventory, which can be inspected (at any reasonable time). There is insufficient cost information available for anything acquired prior to the year 2000, and therefore such assets are not valued in the financial statements.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Freehold Property Fixtures and fittings
10-50 years 10-33% per annum
11
The Parochial Church Council of the Ecclesiastical Parish of Newdigate
Notes to the Financial Statements
Year ended 31[st] December 2021
2. Donations and legacies
Voluntary income for the year falls into the following categories.
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2021 | |
| £ | £ | £ | |
| Donations | |||
| Gift aid donations | 48,918 | 3,398 | 52,316 |
| Income tax recoverable | 12,455 | 1,005 | 13,460 |
| Collections | 2,115 | 290 | 2,405 |
| Other donations | 1,515 | 6,174 | 7,689 |
| Legacies | |||
| Legacies | 2,000 | – | 2,000 |
| Grants receivable | |||
| Grants | 1,277 | 1,100 | 2,377 |
| ------------- | ------------- | ------------- | |
| 68,280 | 11,967 | 80,247 | |
| ======= | ======= | ======= | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2020 | |
| £ | £ | £ | |
| Donations | |||
| Gift aid donations | 49,518 | 21,130 | 70,648 |
| Income tax recoverable | 12,990 | 5,207 | 18,197 |
| Collections | 2,026 | 217 | 2,243 |
| Other donations | 4,247 | 14,250 | 18,497 |
| Legacies | |||
| Legacies | 1,000 | 5,000 | 6,000 |
| Grants receivable | |||
| Grants | 214 | 5,850 | 6,064 |
| ------------- | ------------- | ------------- | |
| 69,995 | 51,654 | 121,649 | |
| ======= | ======= | ======= |
3. Income from charitable activities
| Unrestricted | Restricted | Total | Funds | |
|---|---|---|---|---|
| Funds | Funds | 2021 | ||
| £ | £ | £ | ||
| Fees | 5,189 | – | 5,189 | |
| Magazine advertising | 6,958 | – | 6,958 | |
| Other activities | 91 | – | 91 | |
| ------------- | ------------- | ------------- | ||
| 12,238 | – | 12,238 | ||
| ======= | ======= | ======= | ||
| Unrestricted | Restricted | Total | Funds | |
| Funds | Funds | 2020 | ||
| £ | £ | £ | ||
| Fees | 2,833 | – | 2,833 | |
| Magazine advertising | 4,956 | – | 4,956 | |
| Other activities | 113 | – | 113 | |
| ------------- | ------------- | ------------- | ||
| 7,902 | – | 7,902 | ||
| ======= | ======= | ======= |
12
The Parochial Church Council of the Ecclesiastical Parish of Newdigate
Notes to the Financial Statements
Year ended 31[st] December 2021
4. Other trading activities
| Unrestricted | Restricted | Total | Funds | |
|---|---|---|---|---|
| Funds | Funds | 2021 | ||
| £ | £ | £ | ||
| Fundraising events | – | – | – | |
| Rectory fair | – | – | – | |
| ------------- | ------------- | ------------- | ||
| – | – | – | ||
| ======= | ======= | ======= | ||
| Unrestricted | Restricted | Total | Funds | |
| Funds | Funds | 2020 | ||
| £ | £ | £ | ||
| Fundraising events | – | – | – | |
| Rectory fair | – | – | – | |
| ------------- | ------------- | ------------- | ||
| – | – | – | ||
| ======= | ======= | ======= | ||
| stment income | ||||
| Unrestricted | Restricted | Total | Funds | |
| Funds | Funds | 2021 | ||
| £ | £ | £ | ||
| Income from UK listed investments | 1,963 | – | 1,963 | |
| Bank interest receivable | – | – | – | |
| ------------- | ------------- | ------------- | ||
| 1,963 | – | 1,963 | ||
| ======= | ======= | ======= | ||
| Unrestricted | Restricted | Total | Funds | |
| Funds | Funds | 2020 | ||
| £ | £ | £ | ||
| Income from UK listed investments | 1,970 | – | 1,970 | |
| Bank interest receivable | 2 | – | 2 | |
| ------------- | ------------- | ------------- | ||
| 1,972 | – | 1,972 | ||
| ======= | ======= | ======= |
5. Investment income
13
The Parochial Church Council of the Ecclesiastical Parish of Newdigate
Notes to the Financial Statements
Year ended 31[st] December 2021
6. Costs of raising donations and legacies
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2021 | Funds | 2020 | |
| £ | £ | £ | £ | |
| Rectory fair | – | – | – | – |
| ------------- | ------------- | ------------- | ------------- | |
| – | – | – | – | |
| ======= | ======= | ======= | ======= |
7. Costs of charitable activities by fund type
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2021 | |
| £ | £ | £ | |
| Overseas missions and relief agencies | 193 | 1,913 | 2,106 |
| Home missions and secular charities | 1,539 | 403 | 1,942 |
| Other gifts and donations | 208 | 24 | 232 |
| Local schools and organisations | – | – | – |
| Parish magazine costs | 3,629 | 1,571 | 5,200 |
| Training and courses | – | – | – |
| Parish office and general administration | 1,098 | – | 1,098 |
| Schools and youth work | 340 | – | 340 |
| Event costs | 1,562 | – | 1,562 |
| Support costs | 85,527 | 534 | 86,061 |
| ------------- | ------------- | ------------- | |
| 94,096 | 4,445 | 98,541 | |
| ======= | ======= | ======= | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2020 | |
| £ | £ | £ | |
| Overseas missions and relief agencies | – | 2,852 | 2,852 |
| Home missions and secular charities | 1,299 | – | 1,299 |
| Other gifts and donations | 42 | – | 42 |
| Local schools and organisations | – | – | – |
| Parish magazine costs | 1,675 | 800 | 2,475 |
| Training and courses | 168 | – | 168 |
| Parish office and general administration | 1,347 | – | 1,347 |
| Schools and youth work | 410 | – | 410 |
| Event costs | 625 | – | 625 |
| Support costs | 83,405 | 1,254 | 84,659 |
| ------------- | ------------- | ------------- | |
| 88,971 | 4,906 | 93,877 | |
| ======= | ======= | ======= |
14
The Parochial Church Council of the Ecclesiastical Parish of Newdigate
Notes to the Financial Statements
Year ended 31[st] December 2021
8. Costs of charitable activity by activity type
| Activities | Grant | Grant | Support | Support | Total Funds | Total Funds | |
|---|---|---|---|---|---|---|---|
| undertaken | funding | Costs | 2021 | 2020 | |||
| directly | activities | ||||||
| £ | £ | £ | £ | £ | |||
| Overseas missions and relief agencies |
– |
2,106 | – | 2,106 | 2,852 | ||
| Home missions and secular charities |
– | 1,942 | – | 1,942 | 1,299 | ||
| Other gifts and donations | – | 232 | – | 232 | 42 | ||
| Local schools and | |||||||
| organisations | – | – | – | – | – | ||
| Parish magazine costs | 5,200 | – | – | 5,200 | 2,475 | ||
| Training and courses | – | – | – | – | 168 | ||
| Parish office and general administration |
1,098 | – | – | 1,098 | 1,347 | ||
| Schools and youth work | 340 | – | – | 340 | 410 | ||
| Event costs | 1,562 | – | – | 1,562 | 625 | ||
| Diocesan parish share | – | – | 50,000 | 50,000 | 50,000 | ||
| Clergy expenses and other clergy costs |
– | – | 4,682 | 4,682 | 4,523 | ||
| Church building running expenses |
– | – | 5,191 | 5,191 | 3,980 | ||
| Churchyard maintenance | – | – | 416 | 416 | 1,778 | ||
| General maintenance | – | – | 2,146 | 2,146 | 1,106 | ||
| Depreciation | – | – | 22,669 | 22,669 | 22,277 | ||
| Upkeep of services | – | – | 873 | 873 | 916 | ||
| Bookstall | – | – | – | – | – | ||
| Bank charges | – | – | 84 | 84 | 79 | ||
| ------------ | ------------ | ------------ | ------------- | ------------- | |||
| 8,200 | 4,280 | 86,061 | 98,541 | 93,877 | |||
| ======= | ======= | ======= | ======= | ======= | |||
| nalysis of grants | |||||||
| major grants given during the | year are as follows | ||||||
| 2021 | 2020 | ||||||
| £ | £ | ||||||
| Tear Fund | 1,836 | 2,635 | |||||
| Vision for China | 270 | 217 | |||||
| Dorking Besom | 600 | 600 | |||||
| Dorking Foodbank | 775 | 600 | |||||
| Toybox | – | – | |||||
| Samaritans Purse | – | – | |||||
| Poppy Appeal | – | – | |||||
| Welcare | – | – | |||||
| Romania | – | – | |||||
| Dorking Schools Chaplain | 275 | 265 | |||||
| Christian Vision for Men | 99 | 99 | |||||
| Newdigate Pre-school | – | – | |||||
| Newdigate School Governors Fund | – | – | |||||
| ======= | ======= |
9. Analysis of grants
The major grants given during the year are as follows
15
The Parochial Church Council of the Ecclesiastical Parish of Newdigate
Notes to the Financial Statements
Year ended 31[st] December 2021
10. Fund transfers
A release of the designation of £3,533 (2020: £3,354) from the designated magazine fund to the general fund has been made. The transfer was of amounts in excess of that needed to cover the future costs of six months payments on the parish magazine.
The purpose of the Lychgate, Tower Window and Kitchen projects are now complete and therefore the balances have been transferred to General Fund.
11. Staff costs and emoluments
During the year no salaries, wages or pension payments have been paid to employees, including the members of the PCC, persons closely connected to them or related persons.
The key management personnel comprises the incumbent and churchwardens. The incumbent is paid by the national church at a salary set and reviewed annually by the Diocese of Guildford. The churchwardens are unpaid volunteers. Thus, the total remuneration paid to the personnel is nil (2020: nil).
12. Tangible fixed assets
| ngible fixed assets | |||
|---|---|---|---|
| Freehold | Fixtures | Total | |
| property | and fittings | ||
| £ | £ | £ | |
| Cost | |||
| At 1stJanuary 2021 | 113,523 | 131,706 | 245,229 |
| Additions | 380 | 8,453 | 8,834 |
| Disposal | – | – | – |
| ------------- | ------------- | ------------- | |
| At 31st December 2021 | 113,903 | 140,159 | 254,062 |
| ======= | ======= | ======= | |
| Depreciation | |||
| At 1stJanuary 2021 | 26,300 | 55,968 | 82,268 |
| Charge for the year | 5,264 | 17,405 | 22,669 |
| Disposal | – | – | – |
| ------------- | ------------- | ------------- | |
| At 31st December 2021 | 31,564 | 73,373 | 104,937 |
| ======= | ======= | ======= | |
| Net book value | |||
| At 31st December 2021 | 82,339 | 66,786 | 149,125 |
| ======= | ======= | ======= | |
| At 31stDecember 2020 | 87,223 | 75,738 | 162,961 |
| ======= | ======= | ======= | |
| estments | |||
| Movement in market value | 2021 | 2020 | |
| £ | £ | ||
| Market value at 1stJanuary 2021 | 68,638 | 64,530 | |
| Disposals at opening book value | – | – | |
| Net gains (losses) on revaluations in the year ended 31 December | 7,685 | 4,108 | |
| ------------- | ------------- | ||
| Market value at 31st December 2021 | 76,323 | 68,638 | |
| ======= | ======= | ||
| Historical cost at 31st December 2021 | 39,481 | 39,481 | |
| ======= | ======= |
13. Investments
Analysis of Investments at 31st December 2021 between funds
| Unrestricted | Restricted | Endowment | Total Funds | Total Funds | |
|---|---|---|---|---|---|
| Funds | Funds | Funds | 2021 | 2020 | |
| £ | £ | £ | £ | £ | |
| Listed investments | |||||
| Uk quoted securities | 73,811 | – | 2,512 | 76,323 | 68,638 |
| ======= | ======= | ======= | ======= | ======= |
16
The Parochial Church Council of the Ecclesiastical Parish of Newdigate
Notes to the Financial Statements
Year ended 31[st] December 2021
14. Debtors
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Income tax recoverable | 3,993 | 26,495 |
| Other debtors | 1,955 | 3,578 |
| ------------- | ------------- | |
| 5,948 | 30,073 | |
| ======= | ======= | |
| ditors Amounts falling due within one year | ||
| 2021 | 2020 | |
| £ | £ | |
| Accruals | 2,001 | 20,572 |
| ------------- | ------------- | |
| 2,001 | 20,572 | |
| ======= | ======= |
15. Creditors Amounts falling due within one year
16. Endowment funds
| Balance at 1st January 2020 | |
|---|---|
| and at 31st December 2021 | |
| Permanent endowments | £ |
| Permanent endowment fund | 2,512 |
| ------------ | |
| 2,512 | |
| ======= |
There have been no movements on endowment funds during the year ended 31st December 2021.
17. Restricted income funds
| Balance at | Balance at | Balance at | Balance at | ||||
|---|---|---|---|---|---|---|---|
| 1st Jan | 2021 | Income | Expenditure | Transfers | 31st Dec | 2021 | |
| £ | £ | £ | £ | £ | |||
| Capital projects | – | – | – | – | – | ||
| Churchyard | 415 | 625 | (297) | (396) | 347 | ||
| Flower | 458 | 333 | (236) | – | 555 | ||
| Magazine | 492 | 1,220 | (1,596) | – | 116 | ||
| Outward giving | 181 | 558 | (673) | – | 66 | ||
| Home Mission | – | 1,250 | – | – | 1,250 | ||
| Kigezi | 755 | 1,087 | (1,643) | – | 199 | ||
| Fabric | 49,537 | 6,894 | – | (42,681) | 13,750 | ||
| Organ | – | – | – | – | – | ||
| ------------- | ------------- | ------------- | ------------- | ------------- | |||
| 51,838 | 11,967 | (4,445) | (43,077) | 16,283 | |||
| ======= | ======= | ======= | ======= | ======= |
17
The Parochial Church Council of the Ecclesiastical Parish of Newdigate
Notes to the Financial Statements
Year ended 31[st] December 2021
18. Unrestricted income funds
| Balance at | Expenditure | Gains and | Balance at | ||
|---|---|---|---|---|---|
| 1st Jan 2021 | Income | and transfers | Losses | 31st Dec 2021 | |
| £ | £ | £ | £ | £ | |
| Arts | 536 | – | – | – | 536 |
| Flower | 219 | – | (219) | – | – |
| Magazine | 2,600 | 6,958 | (7,163) | – | 2,395 |
| Organ | 7,483 | 33 | (291) | – | 7,225 |
| Fabric | 404 | 2,192 | (1,269) | – | 1,327 |
| General Funds | 208,554 | 73,298 | (42,077) | 7,685 | 247,460 |
| ------------- | ------------- | ------------- | ------------- | ------------- | |
| 219,796 | 82,481 | (51,019) | 7,685 | 258,943 | |
| ======= | ======= | ======= | ======= | ======= |
19. Analysis of net assets between funds
| Tangible | Net current | |||
|---|---|---|---|---|
| fixed assets | Investments | assets | Total | |
| £ | £ | £ | £ | |
| Restricted Income Funds | ||||
| Fabric | – | – | 13,750 | 13,750 |
| Churchyard | – | – | 347 | 347 |
| Flower | – | – | 555 | 555 |
| Magazine | – | – | 116 | 116 |
| Outward giving | – | – | 66 | 66 |
| Home Mission | – | – | 1,250 | 1,250 |
| Kigezi | – | – | 199 | 199 |
| Organ | – | – | – | – |
| ------------- | ------------- | ------------- | ------------- | |
| – | – | 16,283 | 16,283 | |
| Endowment Funds | ||||
| Permanent endowment fund | – | 2,512 | – | 2,512 |
| Unrestricted Income Funds | ||||
| Designated Funds | – | – | 11,483 | 11,483 |
| General Funds | 149,125 | 73,811 | 24,524 | 247,460 |
| ------------- | ------------- | ------------- | ------------- | |
| Total Funds | 149,125 | 76,323 | 52,290 | 277,738 |
| ======= | ======= | ======= | ======= |
20. Other Disclosures
Donations, trustee expenses and ex-gratia payments
During the period of office of the PCC members regarded as charity trustees, they or their close family members made donations for general purposes totalling £22,632 during 2020 (£22,314 for 2020) and a further £2,003 in respect of specific collections (2020: nil). This includes standing order and identifiable envelope giving but not anonymous open plate donations. Donations made in the calendar month of starting or leaving office as trustee are included in the total. No donations were made with conditions attached which require the charity to alter its existing activities.
One trustee received a total of £280 in trustee expenses during the financial year.
No ex-gratia payments have been made (2020: nil). No termination or redundancy payments have been made (2020: nil).
Local Authority Grants received
The PCC was not in receipt of such a grant in 2021(2020: £4,750).
18
The Parochial Church Council of the Ecclesiastical Parish of Newdigate
Notes to the Financial Statements
Year ended 31[st] December 2021
| 21. Statement of Financial Activities – | 21. Statement of Financial Activities – | Year ended 31st December 2020 | Year ended 31st December 2020 | ||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total Funds | ||
| Funds | Funds | Funds | 2020 | ||
| £ | £ | £ | £ | ||
| Note | |||||
| Income and endowments | |||||
| Donations and Legacies | 2 | 69,995 | 51,654 | – | 121,649 |
| Income from Charitable | 3 | 7,902 | – | – | 7,902 |
| activities | |||||
| Other trading activities | 4 | – | – | – | – |
| Investment Income | 5 | 1,972 | – | – | 1,972 |
| ------------- | ---------- | ---------- | ------------- | ||
| Total income | 79,869 | 51,654 | – | 131,523 | |
| ------------- | ---------- | ---------- | ------------- | ||
| Expenditure | |||||
| Expenditure on raising funds: | |||||
| Cost of raising donations and | 6 | – | – | – | – |
| legacies | |||||
| Expenditure on charitable | 7/8 | (88,971) | (4,906) | – | (93,877) |
| activities | |||||
| ------------- | ---------- | ---------- | ------------- | ||
| Total expenditure | (88,971) | (4,906) | – | (93,877) | |
| ------------- | ---------- | ---------- | ------------- | ||
| Gains on investments | 4,108 | – | – | 4,108 | |
| ------------- | ---------- | ---------- | ------------- | ||
| Net income (expenditure) resources before transfer |
(4,994) | 46,748 | 41,754 | ||
| ------------- | ---------- | ---------- | ------------- | ||
| Transfer between | 10 | 22,598 | (22,598) | – | – |
| funds | |||||
| ------------- | ---------- | ---------- | ------------- | ||
| Net movement in funds | 17,604 | 24,150 | – | 41,754 | |
| Reconciliation of funds | |||||
| Total funds brought forward | 202,192 | 27,688 | 2,512 | 232,392 | |
| ------------- | ---------- | ---------- | ------------- | ||
| Total funds carried forward | 219,796 | 51,838 | 2,512 | 274,146 |
The Statement of financial activities includes all gains and losses in the year.
All of the above amounts relate to continuing activities.
19