Financial Statement for the Year ended Decernber 31st 2021 I. ACCOUNTING PIXICIES The financial ststements have been prepared with the Church Accounting Regulations 2(#)6 tQ8ether with the appllcable accounting standards and the 50RP 2005. The ftnanclal statements have been prepared under the historic cost conventlon except forthe valuation of investment assets which are shown at market value. The 5tstement Include5 all transactions. assets aF7d Ilabilities forwhich the PCC is resp)nsible in law. They do not indude the accounts of Churth groups that owe their main afflllatlon to another body, hor those that are informal 8atherfngs of Church members. 2. FUNDS Endowmentfunds are funds the capftal of whbch must be maintsined. Onty income arising from the Investment of the Éndowment may be used. and must be treated as restricted or unrestrKted accordlngto the purpose for which the endowment was established. Restrided funds represent the following.. al. income from trusts or endowments which may be expanded only on those restricted objects stated In the temtS of bequest. bl. donations or grants for, or invited by, the PCC for a specific oblert. The funds may atso be spent on that specific object, ar)d any amount remaining unspent at the end of the financial year must be carried forward as a balance in the particularfunds concerned. The PCC mairrtains separnte accounts for each of its restricted funds, but income form Bengeworth Schth)I share account Is paid intothe Education (ash accounL which is treated as having the same objed. 51rICIed funds are general funds whith can be used forthe PCCS ordinary purposes. 3. INCOMING RESOUR(%S Planned givln& collections and doThathJns are reco8nised vthen receNed. Tax refunds are recogntsed when the incom18 resour lo which they relate 15 received. Grants and legacies are accnted for when the PCC is legalty to the amounts due. Dividends are accounted for when receivable, and interest is recorded as of the date of the last quarter statement before the end of the financial year. All other income is recognised when it is received. All Incoming resources are accounted for gross. 4. RESOUR(ES EXPEIIDED Grants and donations are accounted for when pa over. or when awarded rfthe award creates a blnding or constructive obltgation on the PCC. The diocesan parish share paKI in in5talments and each payment 55 a(tounted for at the date when it is made. Amounts received specificallyfor mission are paid Into the general fund tMJt treated as restrirted. All other expenditure is generalty reCOgned when It is incurred and is accounted for gross. 5. FIXED ASSETS In accordance with section 9612la of the Charities Act 1993. consecrated and beneflce property Is not included in the ccounts. Movable churth furnishings held by the Vicar and Churchwardens on special trust for the PCC and whicth require a faculty for di%posal are Inalienable property Ilsted in the chUh inventorywhich can be insperted at any time. For anythlng acquired prior to 2C(Kl there is insufficient cost informatlon available and therefore such assets are not valued in the financial statements. IndNidual Items of equipment used within the Church premises and havirnd a purchase pr1 of £500 or less are written off when the asset is acqulred. Investments are valued at market price at 31" December. Approved by the PCC on 3rd May 2022 and signed for on their behalf by: PCCTreasurer Mr Michael Freer. PCC Chairperson Curate in Charge Andy Smith.
The Parothl Church Coumcii of the etehslastic81 PArisb of St Pete3 Rengeworth B#llltt Sheet 31 December 2021 31.12.21 31.1220 Unr¢striLxed RestriLed CURIiENf ETs 62,4) 27,339 48,483 110,973 27J39 98,336 21646 Cash at 89.829 4&483 138J12 120.982 AMots failin8 due within oneyear (125) (125) {125) 89.704 48,483 138,187 120.857 TOTALASSETS L CIJRRENT 89.704 48,483 138.187 120,857 NET AETs 89,704 48,483 138.187 120.857 10 77,156 43,701 Res(rictcd fi]nds 48.483 138.187 I20,7 The fin¢1 W¢T¢ appn)ved by the Bostd of Trustees aThJ authori1 for ISS M 15 March 2022 and were Si1 on its Lyjwlf by: RevM•JkBinn¢y. Tru&e¢ Midjael RIdWdFretr.Thee TheTr)te8 forn] wt ofthese finHncial statan
Th¢ Chltrtb CouDciI of the ect1dL of StPeterf5 Bengeworth Report of the Trn5teu for the Year Ended 31 December21f21 The tnl¥ present their rqKrft with the fmancial 5taterna of the ch8rity for the Y 31 De£ath 2021. Thc have ado t provisions of Accounting 8]xl Repothg by Clwitith S¢at¢meut of Rornja PraLicc applicable to dwitias preparing tsir accounts in accordance with the Finan¢ial RqK>rtillg Stath alable in the UK and RewJbli¢ of treland {FBS I2) {¢ffectiYe l Janujry 2019). srRUCllJRL COVERNANCK AND MANAGEMELYT Gov¢rning documeDt This charity is goycrncd under The PariKbial Church C(Km¢ils (Powers) hdeagJre 1956 aMedl stKI The Churth Rre$On Rults (conraind in Sdtedul¢ 3 tothe SyMKlical Gov¢mment Muwr¢ 1969 8$ amen.. REFERF.NCE AND ADMNISTKiTIVE DETIlliS Regi¥tered ChwTity thumlr 1128625 Prilldpg18ddrES8 St Pet&s Churth Evcsham Worcestershirc WRI 16DS Rev Andy Smith (appoitrta 4.1021) Anne Malp3S Ja)ny Law Julic Waake Dhvid Cockra Midwl Richard FtE¢r R¢v Mark Binn¢y Indep¢Ddeml ChristOF&¢rKd Boyd FCA Boyts A¢¢ountants 20 San50me Walk WRI ILR Approved by ordff ofthe bc4rd of trustees on 15 mCh 2022 and SI10n its bejmlf by:
REGISTERED CHARITY NUMBER: 1128625
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2021
for
The Parochial Church Council of the ecclesiastical Parish of St Peter's Bengeworth
Boyds Accountants 20 Sansome Walk Worcester Worcestershire WR1 1LR
The Parochial Church Council of the ecclesiastical Parish of St Peter's Bengeworth
Contents of the Financial Statements for the Year Ended 31 December 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Independent Examiner's Report | 2 | ||
| Statement of Financial Activities | 3 | ||
| Balance Sheet | 4 | ||
| Notes to the Financial Statements | 5 | to | 10 |
| Detailed Statement of Financial Activities | 11 | to | 12 |
The Parochial Church Council of the ecclesiastical Parish of St Peter's Bengeworth
Report of the Trustees for the Year Ended 31 December 2021
The trustees present their report with the financial statements of the charity for the year ended 31 December 2021. The trustees have adopted the provisions of 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) (effective 1 January 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
This charity is governed under The Parochial Church Councils (Powers) Measure 1956 as amended and The Church Representation Rules (contained in Schedule 3 to the Synodical Government Measure 1969 as amended)..
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1128625
Principal address
St Peter's Church Port Street Evesham Worcestershire WR11 6DS
Trustees
Rev Andy Smith (appointed 4.10.21) Mr Peter Moore Sandra Cockram Anne Malpas Jenny Law Marie Bomyer Jane Richards Julie Westlake David Cockram Michael Richard Freer Rev Mark Binney Heather Uncles
Independent Examiner
Christopher Nigel Boyd FCA Boyds Accountants 20 Sansome Walk Worcester Worcestershire WR1 1LR
Approved by order of the board of trustees on 15 March 2022 and signed on its behalf by:
Rev Mark Binney - Trustee
Page 1
Independent Examiner's Report to the Trustees of The Parochial Church Council of the ecclesiastical Parish of St Peter's Bengeworth
Independent examiner's report to the trustees of The Parochial Church Council of the ecclesiastical Parish of St Peter's Bengeworth
I report to the charity trustees on my examination of the accounts of The Parochial Church Council of the ecclesiastical Parish of St Peter's Bengeworth (the Trust) for the year ended 31 December 2021.
Responsibilities and basis of report
As the charity trustees of the Trust 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 Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all 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:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
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 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.
Christopher Nigel Boyd FCA Boyds Accountants 20 Sansome Walk Worcester Worcestershire WR1 1LR
15 March 2022
Page 2
The Parochial Church Council of the ecclesiastical Parish of St Peter's Bengeworth
Statement of Financial Activities for the Year Ended 31 December 2021
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 51,919 Charitable activities Church activities 13,821 Other trading activities 2 140 Investment income 3 1,591 Other income 15,318 Total 82,789 EXPENDITURE ON Raising funds 377 Charitable activities Church activities 6,752 Other 70,967 Total 78,096 Net gains on investments 7,855 NET INCOME/(EXPENDITURE) 12,548 RECONCILIATION OF FUNDS Total funds brought forward 77,156 TOTAL FUNDS CARRIED FORWARD 89,704 |
Restricted funds £ - - - 1,076 - 1,076 - - 1,599 1,599 5,305 4,782 43,701 48,483 |
31.12.21 31.12.20 Total Total funds funds £ £ 51,919 46,034 13,821 15,863 140 1,182 2,667 2,623 15,318 19,261 83,865 84,963 377 113 6,752 6,321 72,566 114,550 79,695 120,984 13,160 5,719 17,330 (30,302) 120,857 151,159 138,187 120,857 |
|---|---|---|
The notes form part of these financial statements
Page 3
The Parochial Church Council of the ecclesiastical Parish of St Peter's Bengeworth
Balance Sheet 31 December 2021
| Unrestricted fund Notes £ CURRENT ASSETS Investments 7 62,490 Cash at bank 8 27,339 89,829 CREDITORS Amounts falling due within one year 9 (125) NET CURRENT ASSETS 89,704 TOTAL ASSETS LESS CURRENT LIABILITIES 89,704 NET ASSETS 89,704 FUNDS 10 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted funds £ 48,483 - 48,483 - 48,483 48,483 48,483 |
31.12.21 Total funds £ 110,973 27,339 138,312 (125) 138,187 138,187 138,187 89,704 48,483 138,187 |
31.12.20 Total funds £ 98,336 22,646 120,982 (125) 120,857 120,857 120,857 77,156 43,701 120,857 |
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 15 March 2022 and were signed on its behalf by:
Rev Mark Binney - Trustee
Michael Richard Freer - Trustee
The notes form part of these financial statements
Page 4
The Parochial Church Council of the ecclesiastical Parish of St Peter's Bengeworth
Notes to the Financial Statements for the Year Ended 31 December 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
These financial statements have been prepared in accordance with the Church Accounting Regulations 2006 using the receipts and payments basis except for shareholdings that are accounts for using the valuation basis.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity when authorised by the Worcester Board of Finance.
2. OTHER TRADING ACTIVITIES
| OTHER TRADING ACTIVITIES | |||||
|---|---|---|---|---|---|
| 31.12.21 | 31.12.20 | ||||
| Unrestricted | Restricted | Total | Total | ||
| funds | funds | funds | funds | ||
| £ | £ | £ | £ | ||
| Parish magazine income | 56 | - | 56 | 306 | |
| Parish lunches | - | - | - | 372 | |
| Other activities | 84 | - | 84 | 400 | |
| Window | - | - | - | 104 | |
| 140 | - | 140 | 1,182 |
Page 5
continued...
The Parochial Church Council of the ecclesiastical Parish of St Peter's Bengeworth
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
3. INVESTMENT INCOME
| INVESTMENT INCOME | ||||
|---|---|---|---|---|
| 31.12.21 | 31.12.20 | |||
| Unrestricted | Restricted | Total | Total | |
| funds | funds | funds | funds | |
| £ | £ | £ | £ | |
| CBF school deposit interest and dividends | - | 1,076 | 1,076 | 1,064 |
| CBF deposit account interest | 3 | - | 3 | 25 |
| Investment account interest | 1,588 | - | 1,588 | 1,534 |
| 1,591 | 1,076 | 2,667 | 2,623 |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2021 nor for the year ended 31 December 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2021 nor for the year ended 31 December 2020.
5. STAFF COSTS
The average monthly number of employees during the year was as follows:
6.
| 31.12.21 | 31.12.20 | |||
|---|---|---|---|---|
| Cleaner | 1 | 1 | ||
| Organist | 1 | 1 | ||
| 2 | 2 | |||
| No employees received emoluments in excess of £60,000. | ||||
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL | ACTIVITIES | |||
| Unrestricted | Restricted | Total | ||
| fund | funds | funds | ||
| £ | £ | £ | ||
| INCOME AND ENDOWMENTS FROM | ||||
| Donations and legacies | 46,034 | - | 46,034 | |
| Charitable activities | ||||
| Church activities | 15,863 | - | 15,863 | |
| Other trading activities | 1,182 | - | 1,182 | |
| Investment income | 1,559 | 1,064 | 2,623 | |
| Other income | 19,261 | - | 19,261 | |
| Total | 83,899 | 1,064 | 84,963 | |
| EXPENDITURE ON | ||||
| Raising funds | 113 | - | 113 | |
| Charitable activities | ||||
| Church activities | 6,321 | - | 6,321 |
Page 6
continued...
The Parochial Church Council of the ecclesiastical Parish of St Peter's Bengeworth
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
| 6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - Unrestricted fund £ Other 113,546 Total 119,980 Net gains on investments 3,414 NET INCOME/(EXPENDITURE) (32,667) RECONCILIATION OF FUNDS Total funds brought forward 109,823 TOTAL FUNDS CARRIED FORWARD 77,156 7. CURRENT ASSET INVESTMENTS CBF shares: School CBF deposit fund: School CBF shares: P C C CBF Shares: Minister 8. CASH AT BANK Bank current account P C C deposit account Church house cash current and deposit Total |
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - Unrestricted fund £ Other 113,546 Total 119,980 Net gains on investments 3,414 NET INCOME/(EXPENDITURE) (32,667) RECONCILIATION OF FUNDS Total funds brought forward 109,823 TOTAL FUNDS CARRIED FORWARD 77,156 7. CURRENT ASSET INVESTMENTS CBF shares: School CBF deposit fund: School CBF shares: P C C CBF Shares: Minister 8. CASH AT BANK Bank current account P C C deposit account Church house cash current and deposit Total |
continued Restricted funds £ 1,004 1,004 2,305 2,365 41,336 43,701 31.12.21 £ 42,190 6,293 61,040 1,450 110,973 31.12.21 Total funds £ 9,411 5,862 12,066 27,339 |
continued Restricted funds £ 1,004 1,004 2,305 2,365 41,336 43,701 31.12.21 £ 42,190 6,293 61,040 1,450 110,973 31.12.21 Total funds £ 9,411 5,862 12,066 27,339 |
Total funds £ 114,550 120,984 5,719 (30,302) 151,159 120,857 31.12.20 £ 36,886 6,815 53,367 1,268 98,336 31.12.20 Total funds £ 4,471 5,859 12,316 22,646 |
|---|---|---|---|---|
continued...
Page 7
The Parochial Church Council of the ecclesiastical Parish of St Peter's Bengeworth
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Held for ASUM group churches 10. MOVEMENT IN FUNDS Unrestricted funds Unrestricted Restricted funds Restricted TOTAL FUNDS Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds Unrestricted 82,789 Restricted funds Restricted 1,076 TOTAL FUNDS 83,865 Comparatives for movement in funds Unrestricted funds Unrestricted Restricted funds Restricted TOTAL FUNDS |
At 1.1.21 £ 77,156 43,701 120,857 Resources expended £ (78,096) (1,599) (79,695) At 1.1.20 £ 109,823 41,336 151,159 |
31.12.21 31.12.20 £ £ 125 125 Net movement At in funds 31.12.21 £ £ 12,548 89,704 4,782 48,483 17,330 138,187 Gains and Movement losses in funds £ £ 7,855 12,548 5,305 4,782 13,160 17,330 Net movement At in funds 31.12.20 £ £ (32,667) 77,156 2,365 43,701 (30,302) 120,857 |
|---|---|---|
continued...
Page 8
The Parochial Church Council of the ecclesiastical Parish of St Peter's Bengeworth
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
10. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds Unrestricted Restricted funds Restricted TOTAL FUNDS |
Incoming resources £ 83,899 1,064 84,963 |
Resources expended £ (119,980) (1,004) (120,984) |
Gains and Movement losses in funds £ £ 3,414 (32,667) 2,305 2,365 5,719 (30,302) |
Gains and Movement losses in funds £ £ 3,414 (32,667) 2,305 2,365 5,719 (30,302) |
|---|---|---|---|---|
| (30,302) |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds Unrestricted Restricted funds Restricted TOTAL FUNDS |
At 1.1.20 £ 109,823 41,336 151,159 |
Net movement in funds £ (20,119) 7,147 (12,972) |
At 31.12.21 £ 89,704 48,483 |
|---|---|---|---|
| 138,187 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Gains and | Movement | |
|---|---|---|---|---|
| resources | expended | losses | in funds | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| Unrestricted | 166,688 | (198,076) | 11,269 | (20,119) |
| Restricted funds | ||||
| Restricted | 2,140 | (2,603) | 7,610 | 7,147 |
| TOTAL FUNDS | 168,828 | (200,679) | 18,879 | (12,972) |
continued...
Page 9
The Parochial Church Council of the ecclesiastical Parish of St Peter's Bengeworth
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2021.
12. CHURCH HOUSE DETAILED STATEMENT
Church House forms part of theses accounts and therefore is covered by the independent examiners report thereon.
Income
| Lettings | 10,903 | |
|---|---|---|
| Corona virus job retention scheme claims | 1,507 | |
| 12,410 | ||
| Expenditure | ||
| Water | 274 | |
| Lighting and heating | 3165 | |
| Insurance | 895 | |
| Repair and maintenance | 417 | |
| Cleaning | 3,660 | |
| 8,810 | ||
| Ordinary surplus for the year | 4,000 | |
| Refurbishment project net expenditure (income) | (4,250) | |
| Deficit | (250 ) | |
| Cash at bank at 1 January 2021 | 12,316 | |
| Cash at Bank at 31 December 2021 | 12,066 | |
| Ring fenced for refurbishment project | 1,750 | |
| Ordinary funds | 10,316 | 12,066 |
Page 10
The Parochial Church Council of the ecclesiastical Parish of St Peter's Bengeworth
Detailed Statement of Financial Activities for the Year Ended 31 December 2021
| 31.12.21 | 31.12.20 | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |
| funds | funds | funds | funds | |
| £ | £ | £ | £ | |
| INCOME AND ENDOWMENTS | ||||
| Donations and legacies | ||||
| Planned giving | 17,668 | - | 17,668 | 17,285 |
| Loose plate | 1,647 | - | 1,647 | 1,314 |
| Tax recovered | 3,758 | - | 3,758 | 4,327 |
| Legacies | 7,000 | - | 7,000 | - |
| Donations | 416 | - | 416 | 268 |
| John Martin's Charity | 21,430 | - | 21,430 | 10,140 |
| John Martin's Charity (special fund) | - | - | - | 12,700 |
| 51,919 | - | 51,919 | 46,034 | |
| Other trading activities | ||||
| Parish magazine income | 56 | - | 56 | 306 |
| Parish lunches | - | - | - | 372 |
| Other activities | 84 | - | 84 | 400 |
| Window | - | - | - | 104 |
| 140 | - | 140 | 1,182 | |
| Investment income | ||||
| CBF school deposit interest and dividends | - | 1,076 | 1,076 | 1,064 |
| CBF deposit account interest | 3 | - | 3 | 25 |
| Investment account interest | 1,588 | - | 1,588 | 1,534 |
| 1,591 | 1,076 | 2,667 | 2,623 | |
| Charitable activities | ||||
| W & F and other fees including stipendiary | 4,460 | - | 4,460 | 2,126 |
| Community use of church house | 8,161 | - | 8,161 | 12,537 |
| Youth Club | 1,200 | - | 1,200 | 1,200 |
| 13,821 | - | 13,821 | 15,863 | |
| Other income | ||||
| Mission | - | - | - | 2,000 |
| Antenna | 12,943 | - | 12,943 | 15,159 |
| Miscellaneous | 300 | - | 300 | - |
| Corona virus job retention scheme claims | 2,075 | - | 2,075 | 1,703 |
| School bibles | - | - | - | 399 |
| 15,318 | - | 15,318 | 19,261 | |
| Total incoming resources | 82,789 | 1,076 | 83,865 | 84,963 |
This page does not form part of the statutory financial statements
Page 11
The Parochial Church Council of the ecclesiastical Parish of St Peter's Bengeworth
Detailed Statement of Financial Activities for the Year Ended 31 December 2021
| 31.12.21 | 31.12.20 | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |
| funds | funds | funds | funds | |
| £ | £ | £ | £ | |
| EXPENDITURE | ||||
| Other trading activities | ||||
| Parish magazine expenses | 377 | - | 377 | 113 |
| Charitable activities | ||||
| Mission | - | - | - | 24 |
| Charities (including Minister's discretionary | ||||
| fund) | - | - | - | 100 |
| - | - | - | 124 | |
| Other | ||||
| Wages | 8,595 | - | 8,595 | 8,986 |
| Parish share | 22,500 | - | 22,500 | 29,000 |
| Building maintenance | 11,620 | - | 11,620 | 6,444 |
| Insurance | 5,936 | - | 5,936 | 6,616 |
| Utilities | 11,949 | - | 11,949 | 11,782 |
| Maintenance of systems and fittings | 562 | - | 562 | 516 |
| Consumables | 957 | - | 957 | 899 |
| Church house expenses | 4,966 | - | 4,966 | 3,756 |
| Other (including visiting clergy) | 1,539 | - | 1,539 | 3,356 |
| Premises general | 2,343 | 1 | 2,344 | 1,351 |
| East window | - | - | - | 40,840 |
| School bibles | - | 1,598 | 1,598 | 1,004 |
| 70,967 | 1,599 | 72,566 | 114,550 | |
| Support costs | ||||
| Governance costs | ||||
| Accountancy | 600 | - | 600 | 600 |
| Secretarial and admin charges | 2,946 | - | 2,946 | 4,196 |
| Bank charges and commission | 216 | - | 216 | 174 |
| Other (including Missioner) | 2,990 | - | 2,990 | 1,227 |
| 6,752 | - | 6,752 | 6,197 | |
| Total resources expended | 78,096 | 1,599 | 79,695 | 120,984 |
| Net (expenditure)/income | 4,693 | (523) | 4,170 | (36,021) |
This page does not form part of the statutory financial statements
Page 12
REGISTERED CHARITY NUMBER: 1128625
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2021
for
The Parochial Church Council of the ecclesiastical Parish of St Peter's Bengeworth
Boyds Accountants 20 Sansome Walk Worcester Worcestershire WR1 1LR
The Parochial Church Council of the ecclesiastical Parish of St Peter's Bengeworth
Contents of the Financial Statements for the Year Ended 31 December 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Independent Examiner's Report | 2 | ||
| Statement of Financial Activities | 3 | ||
| Balance Sheet | 4 | ||
| Notes to the Financial Statements | 5 | to | 10 |
| Detailed Statement of Financial Activities | 11 | to | 12 |
The Parochial Church Council of the ecclesiastical Parish of St Peter's Bengeworth
Report of the Trustees for the Year Ended 31 December 2021
The trustees present their report with the financial statements of the charity for the year ended 31 December 2021. The trustees have adopted the provisions of 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) (effective 1 January 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
This charity is governed under The Parochial Church Councils (Powers) Measure 1956 as amended and The Church Representation Rules (contained in Schedule 3 to the Synodical Government Measure 1969 as amended)..
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1128625
Principal address
St Peter's Church Port Street Evesham Worcestershire WR11 6DS
Trustees
Rev Andy Smith (appointed 4.10.21) Mr Peter Moore Sandra Cockram Anne Malpas Jenny Law Marie Bomyer Jane Richards Julie Westlake David Cockram Michael Richard Freer Rev Mark Binney Heather Uncles
Independent Examiner
Christopher Nigel Boyd FCA Boyds Accountants 20 Sansome Walk Worcester Worcestershire WR1 1LR
Approved by order of the board of trustees on 15 March 2022 and signed on its behalf by:
Rev Mark Binney - Trustee
Page 1
Independent Examiner's Report to the Trustees of The Parochial Church Council of the ecclesiastical Parish of St Peter's Bengeworth
Independent examiner's report to the trustees of The Parochial Church Council of the ecclesiastical Parish of St Peter's Bengeworth
I report to the charity trustees on my examination of the accounts of The Parochial Church Council of the ecclesiastical Parish of St Peter's Bengeworth (the Trust) for the year ended 31 December 2021.
Responsibilities and basis of report
As the charity trustees of the Trust 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 Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all 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:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
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 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.
Christopher Nigel Boyd FCA Boyds Accountants 20 Sansome Walk Worcester Worcestershire WR1 1LR
15 March 2022
Page 2
The Parochial Church Council of the ecclesiastical Parish of St Peter's Bengeworth
Statement of Financial Activities for the Year Ended 31 December 2021
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 51,919 Charitable activities Church activities 13,821 Other trading activities 2 140 Investment income 3 1,591 Other income 15,318 Total 82,789 EXPENDITURE ON Raising funds 377 Charitable activities Church activities 6,752 Other 70,967 Total 78,096 Net gains on investments 7,855 NET INCOME/(EXPENDITURE) 12,548 RECONCILIATION OF FUNDS Total funds brought forward 77,156 TOTAL FUNDS CARRIED FORWARD 89,704 |
Restricted funds £ - - - 1,076 - 1,076 - - 1,599 1,599 5,305 4,782 43,701 48,483 |
31.12.21 31.12.20 Total Total funds funds £ £ 51,919 46,034 13,821 15,863 140 1,182 2,667 2,623 15,318 19,261 83,865 84,963 377 113 6,752 6,321 72,566 114,550 79,695 120,984 13,160 5,719 17,330 (30,302) 120,857 151,159 138,187 120,857 |
|---|---|---|
The notes form part of these financial statements
Page 3
The Parochial Church Council of the ecclesiastical Parish of St Peter's Bengeworth
Balance Sheet 31 December 2021
| Unrestricted fund Notes £ CURRENT ASSETS Investments 7 62,490 Cash at bank 8 27,339 89,829 CREDITORS Amounts falling due within one year 9 (125) NET CURRENT ASSETS 89,704 TOTAL ASSETS LESS CURRENT LIABILITIES 89,704 NET ASSETS 89,704 FUNDS 10 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted funds £ 48,483 - 48,483 - 48,483 48,483 48,483 |
31.12.21 Total funds £ 110,973 27,339 138,312 (125) 138,187 138,187 138,187 89,704 48,483 138,187 |
31.12.20 Total funds £ 98,336 22,646 120,982 (125) 120,857 120,857 120,857 77,156 43,701 120,857 |
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 15 March 2022 and were signed on its behalf by:
Rev Mark Binney - Trustee
Michael Richard Freer - Trustee
The notes form part of these financial statements
Page 4
The Parochial Church Council of the ecclesiastical Parish of St Peter's Bengeworth
Notes to the Financial Statements for the Year Ended 31 December 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
These financial statements have been prepared in accordance with the Church Accounting Regulations 2006 using the receipts and payments basis except for shareholdings that are accounts for using the valuation basis.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity when authorised by the Worcester Board of Finance.
2. OTHER TRADING ACTIVITIES
| OTHER TRADING ACTIVITIES | |||||
|---|---|---|---|---|---|
| 31.12.21 | 31.12.20 | ||||
| Unrestricted | Restricted | Total | Total | ||
| funds | funds | funds | funds | ||
| £ | £ | £ | £ | ||
| Parish magazine income | 56 | - | 56 | 306 | |
| Parish lunches | - | - | - | 372 | |
| Other activities | 84 | - | 84 | 400 | |
| Window | - | - | - | 104 | |
| 140 | - | 140 | 1,182 |
Page 5
continued...
The Parochial Church Council of the ecclesiastical Parish of St Peter's Bengeworth
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
3. INVESTMENT INCOME
| INVESTMENT INCOME | ||||
|---|---|---|---|---|
| 31.12.21 | 31.12.20 | |||
| Unrestricted | Restricted | Total | Total | |
| funds | funds | funds | funds | |
| £ | £ | £ | £ | |
| CBF school deposit interest and dividends | - | 1,076 | 1,076 | 1,064 |
| CBF deposit account interest | 3 | - | 3 | 25 |
| Investment account interest | 1,588 | - | 1,588 | 1,534 |
| 1,591 | 1,076 | 2,667 | 2,623 |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2021 nor for the year ended 31 December 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2021 nor for the year ended 31 December 2020.
5. STAFF COSTS
The average monthly number of employees during the year was as follows:
6.
| 31.12.21 | 31.12.20 | |||
|---|---|---|---|---|
| Cleaner | 1 | 1 | ||
| Organist | 1 | 1 | ||
| 2 | 2 | |||
| No employees received emoluments in excess of £60,000. | ||||
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL | ACTIVITIES | |||
| Unrestricted | Restricted | Total | ||
| fund | funds | funds | ||
| £ | £ | £ | ||
| INCOME AND ENDOWMENTS FROM | ||||
| Donations and legacies | 46,034 | - | 46,034 | |
| Charitable activities | ||||
| Church activities | 15,863 | - | 15,863 | |
| Other trading activities | 1,182 | - | 1,182 | |
| Investment income | 1,559 | 1,064 | 2,623 | |
| Other income | 19,261 | - | 19,261 | |
| Total | 83,899 | 1,064 | 84,963 | |
| EXPENDITURE ON | ||||
| Raising funds | 113 | - | 113 | |
| Charitable activities | ||||
| Church activities | 6,321 | - | 6,321 |
Page 6
continued...
The Parochial Church Council of the ecclesiastical Parish of St Peter's Bengeworth
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
| 6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - Unrestricted fund £ Other 113,546 Total 119,980 Net gains on investments 3,414 NET INCOME/(EXPENDITURE) (32,667) RECONCILIATION OF FUNDS Total funds brought forward 109,823 TOTAL FUNDS CARRIED FORWARD 77,156 7. CURRENT ASSET INVESTMENTS CBF shares: School CBF deposit fund: School CBF shares: P C C CBF Shares: Minister 8. CASH AT BANK Bank current account P C C deposit account Church house cash current and deposit Total |
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - Unrestricted fund £ Other 113,546 Total 119,980 Net gains on investments 3,414 NET INCOME/(EXPENDITURE) (32,667) RECONCILIATION OF FUNDS Total funds brought forward 109,823 TOTAL FUNDS CARRIED FORWARD 77,156 7. CURRENT ASSET INVESTMENTS CBF shares: School CBF deposit fund: School CBF shares: P C C CBF Shares: Minister 8. CASH AT BANK Bank current account P C C deposit account Church house cash current and deposit Total |
continued Restricted funds £ 1,004 1,004 2,305 2,365 41,336 43,701 31.12.21 £ 42,190 6,293 61,040 1,450 110,973 31.12.21 Total funds £ 9,411 5,862 12,066 27,339 |
continued Restricted funds £ 1,004 1,004 2,305 2,365 41,336 43,701 31.12.21 £ 42,190 6,293 61,040 1,450 110,973 31.12.21 Total funds £ 9,411 5,862 12,066 27,339 |
Total funds £ 114,550 120,984 5,719 (30,302) 151,159 120,857 31.12.20 £ 36,886 6,815 53,367 1,268 98,336 31.12.20 Total funds £ 4,471 5,859 12,316 22,646 |
|---|---|---|---|---|
continued...
Page 7
The Parochial Church Council of the ecclesiastical Parish of St Peter's Bengeworth
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Held for ASUM group churches 10. MOVEMENT IN FUNDS Unrestricted funds Unrestricted Restricted funds Restricted TOTAL FUNDS Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds Unrestricted 82,789 Restricted funds Restricted 1,076 TOTAL FUNDS 83,865 Comparatives for movement in funds Unrestricted funds Unrestricted Restricted funds Restricted TOTAL FUNDS |
At 1.1.21 £ 77,156 43,701 120,857 Resources expended £ (78,096) (1,599) (79,695) At 1.1.20 £ 109,823 41,336 151,159 |
31.12.21 31.12.20 £ £ 125 125 Net movement At in funds 31.12.21 £ £ 12,548 89,704 4,782 48,483 17,330 138,187 Gains and Movement losses in funds £ £ 7,855 12,548 5,305 4,782 13,160 17,330 Net movement At in funds 31.12.20 £ £ (32,667) 77,156 2,365 43,701 (30,302) 120,857 |
|---|---|---|
continued...
Page 8
The Parochial Church Council of the ecclesiastical Parish of St Peter's Bengeworth
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
10. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds Unrestricted Restricted funds Restricted TOTAL FUNDS |
Incoming resources £ 83,899 1,064 84,963 |
Resources expended £ (119,980) (1,004) (120,984) |
Gains and Movement losses in funds £ £ 3,414 (32,667) 2,305 2,365 5,719 (30,302) |
Gains and Movement losses in funds £ £ 3,414 (32,667) 2,305 2,365 5,719 (30,302) |
|---|---|---|---|---|
| (30,302) |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds Unrestricted Restricted funds Restricted TOTAL FUNDS |
At 1.1.20 £ 109,823 41,336 151,159 |
Net movement in funds £ (20,119) 7,147 (12,972) |
At 31.12.21 £ 89,704 48,483 |
|---|---|---|---|
| 138,187 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Gains and | Movement | |
|---|---|---|---|---|
| resources | expended | losses | in funds | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| Unrestricted | 166,688 | (198,076) | 11,269 | (20,119) |
| Restricted funds | ||||
| Restricted | 2,140 | (2,603) | 7,610 | 7,147 |
| TOTAL FUNDS | 168,828 | (200,679) | 18,879 | (12,972) |
continued...
Page 9
The Parochial Church Council of the ecclesiastical Parish of St Peter's Bengeworth
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2021.
12. CHURCH HOUSE DETAILED STATEMENT
Church House forms part of theses accounts and therefore is covered by the independent examiners report thereon.
Income
| Lettings | 10,903 | |
|---|---|---|
| Corona virus job retention scheme claims | 1,507 | |
| 12,410 | ||
| Expenditure | ||
| Water | 274 | |
| Lighting and heating | 3165 | |
| Insurance | 895 | |
| Repair and maintenance | 417 | |
| Cleaning | 3,660 | |
| 8,810 | ||
| Ordinary surplus for the year | 4,000 | |
| Refurbishment project net expenditure (income) | (4,250) | |
| Deficit | (250 ) | |
| Cash at bank at 1 January 2021 | 12,316 | |
| Cash at Bank at 31 December 2021 | 12,066 | |
| Ring fenced for refurbishment project | 1,750 | |
| Ordinary funds | 10,316 | 12,066 |
Page 10
The Parochial Church Council of the ecclesiastical Parish of St Peter's Bengeworth
Detailed Statement of Financial Activities for the Year Ended 31 December 2021
| 31.12.21 | 31.12.20 | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |
| funds | funds | funds | funds | |
| £ | £ | £ | £ | |
| INCOME AND ENDOWMENTS | ||||
| Donations and legacies | ||||
| Planned giving | 17,668 | - | 17,668 | 17,285 |
| Loose plate | 1,647 | - | 1,647 | 1,314 |
| Tax recovered | 3,758 | - | 3,758 | 4,327 |
| Legacies | 7,000 | - | 7,000 | - |
| Donations | 416 | - | 416 | 268 |
| John Martin's Charity | 21,430 | - | 21,430 | 10,140 |
| John Martin's Charity (special fund) | - | - | - | 12,700 |
| 51,919 | - | 51,919 | 46,034 | |
| Other trading activities | ||||
| Parish magazine income | 56 | - | 56 | 306 |
| Parish lunches | - | - | - | 372 |
| Other activities | 84 | - | 84 | 400 |
| Window | - | - | - | 104 |
| 140 | - | 140 | 1,182 | |
| Investment income | ||||
| CBF school deposit interest and dividends | - | 1,076 | 1,076 | 1,064 |
| CBF deposit account interest | 3 | - | 3 | 25 |
| Investment account interest | 1,588 | - | 1,588 | 1,534 |
| 1,591 | 1,076 | 2,667 | 2,623 | |
| Charitable activities | ||||
| W & F and other fees including stipendiary | 4,460 | - | 4,460 | 2,126 |
| Community use of church house | 8,161 | - | 8,161 | 12,537 |
| Youth Club | 1,200 | - | 1,200 | 1,200 |
| 13,821 | - | 13,821 | 15,863 | |
| Other income | ||||
| Mission | - | - | - | 2,000 |
| Antenna | 12,943 | - | 12,943 | 15,159 |
| Miscellaneous | 300 | - | 300 | - |
| Corona virus job retention scheme claims | 2,075 | - | 2,075 | 1,703 |
| School bibles | - | - | - | 399 |
| 15,318 | - | 15,318 | 19,261 | |
| Total incoming resources | 82,789 | 1,076 | 83,865 | 84,963 |
This page does not form part of the statutory financial statements
Page 11
The Parochial Church Council of the ecclesiastical Parish of St Peter's Bengeworth
Detailed Statement of Financial Activities for the Year Ended 31 December 2021
| 31.12.21 | 31.12.20 | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |
| funds | funds | funds | funds | |
| £ | £ | £ | £ | |
| EXPENDITURE | ||||
| Other trading activities | ||||
| Parish magazine expenses | 377 | - | 377 | 113 |
| Charitable activities | ||||
| Mission | - | - | - | 24 |
| Charities (including Minister's discretionary | ||||
| fund) | - | - | - | 100 |
| - | - | - | 124 | |
| Other | ||||
| Wages | 8,595 | - | 8,595 | 8,986 |
| Parish share | 22,500 | - | 22,500 | 29,000 |
| Building maintenance | 11,620 | - | 11,620 | 6,444 |
| Insurance | 5,936 | - | 5,936 | 6,616 |
| Utilities | 11,949 | - | 11,949 | 11,782 |
| Maintenance of systems and fittings | 562 | - | 562 | 516 |
| Consumables | 957 | - | 957 | 899 |
| Church house expenses | 4,966 | - | 4,966 | 3,756 |
| Other (including visiting clergy) | 1,539 | - | 1,539 | 3,356 |
| Premises general | 2,343 | 1 | 2,344 | 1,351 |
| East window | - | - | - | 40,840 |
| School bibles | - | 1,598 | 1,598 | 1,004 |
| 70,967 | 1,599 | 72,566 | 114,550 | |
| Support costs | ||||
| Governance costs | ||||
| Accountancy | 600 | - | 600 | 600 |
| Secretarial and admin charges | 2,946 | - | 2,946 | 4,196 |
| Bank charges and commission | 216 | - | 216 | 174 |
| Other (including Missioner) | 2,990 | - | 2,990 | 1,227 |
| 6,752 | - | 6,752 | 6,197 | |
| Total resources expended | 78,096 | 1,599 | 79,695 | 120,984 |
| Net (expenditure)/income | 4,693 | (523) | 4,170 | (36,021) |
This page does not form part of the statutory financial statements
Page 12