## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF**
## **WITHYCOMBE RALEIGH**
## **A C C O U N T S**
**FOR THE YEAR ENDED**
**31 DECEMBER 2020**
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF**
## **WITHYCOMBE RALEIGH**
|CONTENTS|Page|
|---|---|
|Independent Examiners Report|1.|
|Churchwardens’ Report|2. and 3.|
|Statement of Financial Activities|4.|
|Balance Sheet|5.|
|Notes to the Financial Statements|6. - 13.|
Charity No. 1128842
## **INDEPENDENT EXAMINER’S REPORT TO**
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WITHYCOMBE RALEIGH**
I report on the accounts of the Parochial Church Council of the Ecclesiastical Parish of Withycombe Raleigh for the year ended 31 December 2020.
## **Respective responsibilities of trustees and examiner**
The charity’s trustees are responsible for the preparation of the accounts. 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:
- examine the accounts under section 145 of the 2011 Act;
- to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act, and
- to state whether particular matters have come to my attention.
## **Basis of independent examiner’s statement**
My examination was carried out in accordance with General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the project 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 the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
## **Independent examiner’s statement**
In connection with my examination, no matter has come to my attention
- 1) which gives me reasonable cause to believe that in any material respect the requirements
- to keep accounting records in accordance with section 130 of the 2011 Act; and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met; or
- 2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
J E D Rippon Southon & Co Chartered Certified Accountants 6 The Parade EXMOUTH Devon EX8 1RL
1.
## **Churchwardens’ Annual Report for 2020**
The Churchwardens are pleased to report the following:
Withycombe Raleigh PCC has responsibility for the three churches:
The Parish Church of St John the Evangelist, Withycombe Village Road, Exmouth
St John in the Wilderness, St John’s Road, Exmouth
All Saints, Exeter Road, Exmouth
## **Membership**
Members of the PCC are elected at the Annual Parochial Church Meeting, the clergy and Readers are ex officio members. During the year the following have served:-
Rector: Fr Robert Sellers Vicars: Fr Stephen Hoyle assisted by Fr Robert Charles Fr Owen Murphy Wardens: Mr G Berridge Mrs P Stranack Treasurer: Mrs D McNeill Secretary: Mrs G Harding (part year) Mrs C Searle (part year) Safeguarding Representative: Mrs A Longbottom **St John the Evangelist** Mr G Berridge (Church Warden) Mrs A Longbottom (deanery Synod) Mr H Ritchie (Deputy Warden) Mr P White (Diocesan and Deanery Synod) Miss E Grant (Deputy Warden) Mr P Brooks **St John in the Wilderness** Mrs B Prowse (Deputy Warden) Mrs D McNeill Mr P Walker (Deputy Warden) Mrs R Johnson Mr P Brooks (Deanery Synod) **All Saints** Mrs P Stranack (Church Warden, Deputy Warden & Deanery Synod) Mrs L Pearcey Mr K Wadlan
2.
The Team Ministry of the Parish and Mission Community was formed within the historic Parish boundaries and over time this has proved to be its strength as it continues to develop further its pastoral care and outreach within the Parish and the wider community. Each church manages its day to day affairs through its own General Purposes Committee, reporting regularly to the Parochial Church Council, which has overall responsibility for the management of the whole parish.
The total membership of the Electoral Roll in 2020 was 278 made up as follows:-
|Parish Church of St John the Evangelist 94|Parish Church of St John the Evangelist 94|
|---|---|
|All Saints’|55|
|St John in the Wilderness|129|
**The PCC has complied with the duty under Section 5 of the Safeguarding and Clergy Discipline Measure 2016 in that it has due regard to the House of Bishops' guidance on safeguarding children and vulnerable adults. (This means positive consideration is given to safer recruitment practice and the possibility that activities within the church community may have safeguarding implications.)**
## Church Wardens report 2020
This time last year we were looking forward to a very promising future totally unaware that Parish life and life itself would be changing beyond anything we have ever known.
It was wonderful to see the Parish working together as a whole and quickly adapting to rapidly changing rules, restrictions and finally lockdowns.
Services continued across the Parish within our Churches where possible, following all the rules and guidelines of social distancing and delays caused by health and safety issues to keep our cleaning team safe.
Throughout these unprecedented times our clergy Fr Robert and Fr Owen have worked tirelessly fully supported by our wonderful retired clergy, David Arnott, Ian Blyde and Robert Charles who has also been able to sustain the congregation at St John in the Wilderness as Fr Stephen continues his convalescence.
We were very sorry that all of our local schools had to cancel their Annual Carol Services this year, a truly wonderful event and each completely different and so important for some as this is their only experience of church life.
We were very fortunate at the Parish church to be able to have an outside carol service on Christmas Eve. The piano was put in the porch and the congregation socially spaced across the car park and grass area. Carols, a reading, prayers and one family s Children all dressed up enacted out the Nativity, made a lovely occasion in a time when family and friends should normally get together.
Suddenly the Parish has entered into the world of Social Media, a foggy area for some, but with restrictions now in place a whole new area of getting together has emerged. Zoom, YouTube and other platforms have encouraged a visual socialising with services, meetings and coffee mornings.
A great thank you to the whole of the Parish, who through all of the obstacles of action and reaction that life has produced this year, we emerge as a thriving community paying our commitment to the Common Fund by collectively working together. We realise that this increasing figure cannot be sustained in its present format.
Finally to all those in our Congregations who work with inexhaustible energy taking part in all of the numerous tasks that keep our Parish in such wonderful order: The cleaning, decorating, behind the scenes arranging, and even just stopping to pull a weed out of a flower pot are the life blood of our community.
Well done and a massive thank you! We look forward hopefully to a far better year.
## **Graham Berridge and Penny Stranack**
## **Churchwardens**
3.
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WITHYCOMBE RALEIGH**
## STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020
|**INCOMING RESOURCES**
**Incoming resources from**
**generated funds**
Voluntary Income
Activities for generating funds
Investment income
**Income resources from**
**charitable activities**
**Other income resources**
**_Total Incoming Resources_**
**RESOURCES EXPENDED**
**Costs of generating funds**
Costs of generating voluntary income
Fundraising trading costs
Investment Management Costs
**Charitable activities**
**Governance costs**
**Other Resources Expended**
**_Total Resources Expended_**
**_Net incoming/(outgoing) resources_**
**_before transfers_**
**Gross transfers between funds**
**_Net incoming/(outgoing) resources_**
**_before other recognised gains/(losses)_**
**OTHER RECOGNISED GAINS/(LOSSES)**
Gains and losses on revaluation of
fixed assets for the charity’s own use
Gains and losses on investment assets
**_Net movement in funds_**
**Total funds brought forward**
**_Total funds carried forward_**|Unrestricted
Note
General
Designated
£
£
3.
91513
28601
1146
29279
124
64516
£213909
£ 1270
4.
206484
-
12330
-
-
-
6795
-
2850
-
-
£228459
£ -
(14550)
1270
(19664)
1335
(34214)
2605
7755
(78)
-
(26537)
2605
1411438
46412
£1384901
£49017|Unrestricted
Note
General
Designated
£
£
3.
91513
28601
1146
29279
124
64516
£213909
£ 1270
4.
206484
-
12330
-
-
-
6795
-
2850
-
-
£228459
£ -
(14550)
1270
(19664)
1335
(34214)
2605
7755
(78)
-
(26537)
2605
1411438
46412
£1384901
£49017|Unrestricted
Note
General
Designated
£
£
3.
91513
28601
1146
29279
124
64516
£213909
£ 1270
4.
206484
-
12330
-
-
-
6795
-
2850
-
-
£228459
£ -
(14550)
1270
(19664)
1335
(34214)
2605
7755
(78)
-
(26537)
2605
1411438
46412
£1384901
£49017|Restricted
Income Funds
£
-
-
-
-
-
£ -
-
-
-
-
-
-
£ -
-
-
-
-
-
-
-
£ -|Endowment
Total
Total
Funds
2020
2019
£
£
£
-
91513
121490
-
29747
53066
29403
12865
-
-
-
-
64516
61393
£ - £215179 £248814
-
206484
260497
-
12330
18868
-
-
-
-
6795
7552
-
2850
2800
-
-
-
£ - £228459 £289717
-
(13280)
(40903)
18329
-
-
18329
(13280)
(40903)
7755
31739
(20015)
(20093)
15913
(1686)
(25618)
6749
47628 1505478 1498729
£45942 £1479860 £1505478|Total
2019|
|---|---|---|---|---|---|---|
|||£|£
1146
124
1270
-
-
-
-
-
-
£ -
1270
1335
2605
-
2605
46412
£49017||||
4.
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WITHYCOMBE RALEIGH**
## BALANCE SHEET AS AT 31 DECEMBER 2020
|**FIXED ASSETS**
Tangible Assets
Investments
**_Total Fixed Assets_**
**CURRENT ASSETS**
Stock and work in progress
Debtors
Short Term Investments
Cash at bank and in hand
**_Total current assets_**
**CREDITORS**
Amounts falling due within one year
**_Net current assets/(liabilities)_**
**_Total Assets less current liabilities_**
**CREDITORS**
Amounts falling due after one year
Provisions for liabilities and charges
**_Net assets_**
**FUNDS OF THE CHARITY**
Unrestricted Funds
Designated income funds
Endowment funds
**_Total Funds_**|Unrestricted
Note
General
Designated
£
£
7.
1144639
8.
178108
49017
£1322747
£49017
-
9.
1128
-
63816
64944
-
10.
2790
62154
-
1384901
49017
-
-
-
-
£1384901
£49017
1384901
49017
£1384901
£49017
Signature|Unrestricted
Note
General
Designated
£
£
7.
1144639
8.
178108
49017
£1322747
£49017
-
9.
1128
-
63816
64944
-
10.
2790
62154
-
1384901
49017
-
-
-
-
£1384901
£49017
1384901
49017
£1384901
£49017
Signature|Unrestricted
Note
General
Designated
£
£
7.
1144639
8.
178108
49017
£1322747
£49017
-
9.
1128
-
63816
64944
-
10.
2790
62154
-
1384901
49017
-
-
-
-
£1384901
£49017
1384901
49017
£1384901
£49017
Signature|Restricted
Income Funds
£
£ -
-
-
-
-
-
£ -
-
£ -
Print Name|Endowment
Total
Total
Funds
2020
2019
£
£
£
1144639
1136884
45942
273067
317144
£45942 £1417706 £1454028
-
-
1128
2944
-
-
63816
51332
-
64944
54276
2790
2826
-
62154
51450
45942
1479860
1505478
-
-
-
-
-
-
£45942 £1479860 £1505478
1384901
1411438
49017
46412
45942
45942
47628
£45942 £1479860 £1505478
Date|Total
2019
£
1136884
317144|Total
2019|
|---|---|---|---|---|---|---|---|
||||£
49017|||||
||||£49017|||||
|||||||||
||||-|||||
|||||||||
||||-|||||
||||49017
-
-|||||
||||£49017|||||
|||||||||
||||49017|||||
||||£49017|||||
|||||||||
|||||||||
Signed by one or two trustees on behalf of all of the trustees
5.
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WITHYCOMBE RALEIGH**
## NOTES TO THE FINANCIAL STATEMENTS
## FOR THE YEAR ENDED 31 DECEMBER 2020
## 1. **Basis of Preparation**
## 1.1 **Accounting convention**
The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued by 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
## 1.2 **Change in basis of accounting**
There has been no change to the accounting policies (valuation rules and methods of accounting) since last year.
## 1.3 **Changes to previous accounts**
No changes have been made to the accounts for previous years.
## 2. **Accounting Policies**
## **INCOMING RESOURCES**
## **Recognition of incoming resources**
These are included in the Statement of Financial Activities (SoFA) when:
• the charity becomes entitled to the resources; • the trustees are virtually certain they will receive the resources; and • the monetary value can be measured with sufficient reliability. **Incoming resources with related expenditure** Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resources and related expenditure are reported gross in the SoFA. **Grants and donations** Grants and donations are only included in the SoFA when the charity has unconditional entitlement to the resources. **Tax reclaims on donations and gifts** Incoming resources from tax reclaims are included in the SoFA at the same time as the gift to which they relate. **Contractual Income and performance related grants** This is only included in the SoFA once the goods or services have been delivered. **Gifts in kind** Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SoFA as incoming resources when receivable.
6.
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WITHYCOMBE RALEIGH**
NOTES TO THE FINANCIAL STATEMENTS
## FOR THE YEAR ENDED 31 DECEMBER 2020
|**Donated services and**||
|---|---|
|**facilities**|These are only included in incoming resources (with an equivalent amount in|
||resources expended) where the benefit to the charity is reasonably quantifiable,|
||measurable and material. The value placed on these resources is the estimated|
||value to the charity of the service or facility received.|
|**Volunteer help**|The value of any voluntary help received is not included in the accounts but is|
||described in the trustees’ annual report.|
|**Investment income**|This is included in the accounts when receivable.|
|**Investment gains and**||
|**losses**|This includes any gain or loss on the sale of investments and any gain or loss|
||resulting from revaluing investments to market value at the end of the year.|
|**EXPENDITURE AND**||
|**LIABILITIES**||
|**Liability recognition**|Liabilities are recognised as soon as there is a legal or constructive obligation|
||committing the charity to pay out resources.|
|**Governance costs**|Include costs of preparation and examination of statutory accounts, the cost of|
||trustee meetings and the cost of any legal advice to trustees on governance or|
||constitutional matters.|
|**Grants with performance**||
|**conditions**|Where the charity gives a grant with conditions for its payment being a specific level|
||of service or output to be provided, such grants are only recognised in SoFA once|
||the recipient of the grant has provided the specific service or output.|
|**Grants payable without**||
|**performance conditions**|These are only recognised in the accounts when a commitment has been made and|
||there are no conditions to be met relating to the grant which remain in the control of|
||the charity.|
|**Support costs**|Support costs include central functions and have been allocated to activity cost|
||categories on a basis consistent with the use of resources, e.g. allocating property|
||costs by floor areas, or per capita, staff costs by the time spent and other costs by|
||their usage.|
|**ASSETS**||
|**Tangible fixed assets for**||
|**use by the charity**|These are capitalised if they can be used for more than one year and cost at least|
||£500. They are valued at cost, or if gifted, at the value to the charity on receipt.|
|**Investments**|Investments quoted on a recognised stock exchange are valued at market value at|
||the year end. Other investment assets are included at trustees’ best estimate of|
||market value.|
|**Stocks and work in**||
|**progress**|These are valued at the lower of cost or market value.|
7.
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WITHYCOMBE RALEIGH**
## NOTES TO THE FINANCIAL STATEMENTS
## FOR THE YEAR ENDED 31 DECEMBER 2020
|3. **Analysis of incoming resources**
Note
**Voluntary income**
Planned Giving and Tax Recoverable
Collections at Services
Gift Days and Sundry Donations
Grants
Legacies
Other
**Activities for generating funds**
Church Hall lettings
Fundraising
Other
**Investment income**
Dividends and interest
**Incoming resources from charitable activities**
Charity Fayre
**Other incoming resources**
Parish Magazine
Fees
Churchyard
Parochial
Youth Club Income
Youth Worker Grant
All Saints Institute
East Devon District Council Grant
Other
|Unrestricted
General
Designated
£
£
81886
-
4800
-
3650
-
-
-
1000
-
177
-
£91513
£ -
24327
4274
-
1146
£28601
£1146
£29279
£ 124
£ -
£ -
2475
-
12666
-
21717
-
12098
-
-
-
-
-
5000
-
4325
-
6235
-
£64516
£ -|Unrestricted
General
Designated
£
£
81886
-
4800
-
3650
-
-
-
1000
-
177
-
£91513
£ -
24327
4274
-
1146
£28601
£1146
£29279
£ 124
£ -
£ -
2475
-
12666
-
21717
-
12098
-
-
-
-
-
5000
-
4325
-
6235
-
£64516
£ -|Unrestricted
General
Designated
£
£
81886
-
4800
-
3650
-
-
-
1000
-
177
-
£91513
£ -
24327
4274
-
1146
£28601
£1146
£29279
£ 124
£ -
£ -
2475
-
12666
-
21717
-
12098
-
-
-
-
-
5000
-
4325
-
6235
-
£64516
£ -|Restricted
Income Funds
£
-
-
-
-
-
-
£ -
£ -
£ -
£ -
-
-
-
-
-
-
-
-
-
£ -|Endowment
Funds
£
-
-
-
-
-
-
£ -
£ -
£ -
£ -
-
-
-
-
-
-
-
-
-
£ -|Total
Total
2020
2019
£
£
81886
87618
4800
13214
3650
18440
-
-
1000
2000
177
218
£91513
£121490
24327
39253
4274
10843
1146
2970
£29747
£53066
£29403
£12865
£ -
£ -
2475
4360
12666
10798
21717
21452
12098
11643
-
-
-
-
5000
5000
4325
4268
6235
3872
£64516
£61393|Total
2019
£
87618
13214
18440
-
2000
218|Total
2019|
|---|---|---|---|---|---|---|---|---|
||||£
-
-
-
-
-
-
£ -||||||
||||||||||
||||1146
£1146||||||
||||||||£53066||
||||||||||
||||£ 124||||£12865||
||||||||||
||||£ -||||£ -||
||||||||||
||||-
-
-
-
-
-
-
-
-||||4360
10798
21452
11643
-
-
5000
4268
3872||
||||£ -||||£61393||
8.
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WITHYCOMBE RALEIGH**
## NOTES TO THE FINANCIAL STATEMENTS
## FOR THE YEAR ENDED 31 DECEMBER 2020
|4. **Analysis of resources expended**
Unrestricted
Note
General
Designated
£
£
**Costs of generating voluntary income**
Magazine costs
2905
Diocesan common fund
121574
Clergy expenses
6469
Retired Clergy Honoraria
250
Church running and maintenance
31375
Upkeep of services
1930
Upkeep of churchyard
26434
Wages, salaries and honoraria
8255
Youth Worker’s Salary
-
Christian Agencies
528
Assets purchased
-
New Building work
1112
Major Repairs
-
Support Costs
3202
Administration
2450
£206484
£ -
**Fund raising trading**
Church hall running and maintenance
12235
Fund raising costs
95
£12330
£ -
**Charitable activities**
Donations
£6795
£ -
**Governance costs**
Independent Examiners fee
£2850
£ -
5. **Details of certain items of expenditure**
5.1
**Trustee expenses**
Number of trustees who were paid expenses
5.2
Fees for examination or audit of accounts|4. **Analysis of resources expended**
Unrestricted
Note
General
Designated
£
£
**Costs of generating voluntary income**
Magazine costs
2905
Diocesan common fund
121574
Clergy expenses
6469
Retired Clergy Honoraria
250
Church running and maintenance
31375
Upkeep of services
1930
Upkeep of churchyard
26434
Wages, salaries and honoraria
8255
Youth Worker’s Salary
-
Christian Agencies
528
Assets purchased
-
New Building work
1112
Major Repairs
-
Support Costs
3202
Administration
2450
£206484
£ -
**Fund raising trading**
Church hall running and maintenance
12235
Fund raising costs
95
£12330
£ -
**Charitable activities**
Donations
£6795
£ -
**Governance costs**
Independent Examiners fee
£2850
£ -
5. **Details of certain items of expenditure**
5.1
**Trustee expenses**
Number of trustees who were paid expenses
5.2
Fees for examination or audit of accounts|4. **Analysis of resources expended**
Unrestricted
Note
General
Designated
£
£
**Costs of generating voluntary income**
Magazine costs
2905
Diocesan common fund
121574
Clergy expenses
6469
Retired Clergy Honoraria
250
Church running and maintenance
31375
Upkeep of services
1930
Upkeep of churchyard
26434
Wages, salaries and honoraria
8255
Youth Worker’s Salary
-
Christian Agencies
528
Assets purchased
-
New Building work
1112
Major Repairs
-
Support Costs
3202
Administration
2450
£206484
£ -
**Fund raising trading**
Church hall running and maintenance
12235
Fund raising costs
95
£12330
£ -
**Charitable activities**
Donations
£6795
£ -
**Governance costs**
Independent Examiners fee
£2850
£ -
5. **Details of certain items of expenditure**
5.1
**Trustee expenses**
Number of trustees who were paid expenses
5.2
Fees for examination or audit of accounts|Restricted
Income Funds|Restricted
Income Funds||Endowment
Total
Total
Funds
2020
2019
£
£
£
2905
3245
121574
121872
6469
13064
250
600
31375
35186
1930
3823
26434
26760
8255
11253
-
-
528
165
-
-
1112
13030
-
25650
3202
3318
2450
2531
£ -
£206484
£260497
12235
1865
95
603
£ -
£12330
£18868
£ -
£6795
£7552
£ -
£2850
£2880
None
None
£2850
£2800|Total
2019
£
3245
121872
13064
600
35186
3823
26760
11253
-
165
-
13030
25650
3318
2531|Total
2019|
|---|---|---|---|---|---|---|---|---|
|||£
||£
|||||
|||£ -||£ -|||||
||||||||||
||||||||||
|||£ -||£ -|||||
||||||||||
|||£ -||£ -|||||
||||||||||
|||£ -||£ -|||||
||||||||||
||||||||||
||||||||||
||||||||||
9.
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WITHYCOMBE RALEIGH**
## NOTES TO THE FINANCIAL STATEMENTS
## FOR THE YEAR ENDED 31 DECEMBER 2020
|6.
**Paid Employees**
6.1
**Staff Costs**
Gross wages, salaries and benefits in kind
Employer’s national insurance costs
Pension costs
6.2
**Average number of full-time equivalent employees in the year**
Charitable activities
7.
**Tangible Fixed Assets**
7.1
**Cost or valuation**
Freehold land
and buildings
£
Balance brought forward
1055906
Additions
-
Revaluation
7418
Disposals
-
Balance carried forward
£1063324
7.2
**Accumulated depreciation and impairment provisions**
Balance brought forward
-
Charge for the year
-
Balance carried forward
£ -
7.3
**Net book value**
Brought forward
£1055906
Carried forward
£1063324|2020
2019
£
£
-
-
-
-
-
-
£ -
£ -
-
-
Fixtures
fittings and
equipment
Total
£
£
80978
1136884
-
-
337
7755
-
-
£81315
£1144639
-
-
-
-
£ -
£ -
£80978
£1136884
£81315
£1144639|2019
£
-
-
-
£ -
-
Total
£
1136884
-
7755
-||2019
£
-
-
-|
|---|---|---|---|---|
|||||£ -|
||||||
|||||-|
||||||
|||||Total|
## 7.4 **Revaluation**
Fixed assets have been revalued in accordance with a valuation provided by the Ecclesiastical Insurance Group.
10.
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WITHYCOMBE RALEIGH**
NOTES TO THE FINANCIAL STATEMENTS
## FOR THE YEAR ENDED 31 DECEMBER 2020
## 8. **Investment Assets**
|8.1
**Fixed assets investments**
Carrying value at beginning of year
Add: additions to investments at cost
Less: disposals at carrying value
Add: profit/(loss) on revaluation
Carrying value at end of year
8.2
**Analysis of investments**
Parish Church
CBF Deposit Account - Organ Fund
CBF Deposit Account - Fabric Fund
CBF Deposit Account - Choir Fund
CBF Deposit Account - Vestments Fund
CBF Deposit Account - 150thYear Fund
100 Group Santander shares
Parish Church Hall
Deposit Account
All Saints Church
CBF Deposit Account - General Fund
CBF Deposit Account - Sheppard Bequest
14684 CBF Income Shares
CBF Fabric Fund
Cambridge & Counties Bank
Cambridge & Counties Bank - 1 Year FRB
St John in the Wilderness Church
CBF Deposit Account - General Fund
CBF Deposit Account - Capital Projects Fund
CBF Deposit Account - Organ Fund
CBF Deposit Account - Maintenance Contingency Fund
CBF Growth Fund
CBF Training Fund
Cambridge & Counties Bank
Churchyard Fund
1512 CBF Investment fund units
CBF Deposit Account
CBF Deposit Account
1474 M&G Charifund income units
Withycombe Raleigh PCC
CBF Income Shares|Market value
at year end
£
57
52
422
137
0
239
5118
152
7351
-
3212
2
10000
8004
20003
21494
4570
2032
250
53563
6723
25178
4984
5985
15780
77759
£273067|£
317144
-
-
(44077
)
£273067
Income for
the year|
|---|---|---|
|||
£
0
0
2
1
0
(78)
5
1
31
-
14
4
181
28
11
91
19
32
-
1057
433
1626
-
-
(3312)
(18329)
£(18183)|
11.
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WITHYCOMBE RALEIGH**
## NOTES TO THE FINANCIAL STATEMENTS
## FOR THE YEAR ENDED 31 DECEMBER 2020
## 9. **Debtors and Prepayments Analysis of Debtors**
|**rs and Prepayments**||||
|---|---|---|---|
|**Analysis of Debtors**|Amounts falling due|||
||within one year|||
||This Year|Last|Year|
||£
||£
|
|Other Debtors|£1128|£2944||
|||||
|**tors and Accruals**||||
|**Analysis of Creditors**|Amounts falling due|||
||within one year|||
||This Year|Last|Year|
||£
||£
|
|Other Creditors|£2790|£2826||
## 10. **Creditors and Accruals**
## 11. **Endowment and Designated Funds**
## 11.1 **Funds Held**
Fund Name Type
Purpose and Restriction
Parish Church Organ Fund Designated Fabric Fund Designated Choir Fund Designated Vestments Fund Designated 150[th] Year Fund Designated
To provide for the upkeep of the Church Organ To provide for the upkeep of the Church Fabric To provide for the benefit of the Church Choir To provide for the upkeep of the Church Vestments To provide for celebrations to mark the 150[th] anniversary of the Church
St John in the Wilderness Capital Projects Fund Designated To provide for future capital projects Organ Fund Designated Maintenance Contingency Fund Designated To provide for future maintenance Growth Fund Designated Training Fund Designated Churchyard Daisy Louisa Pook Bequest Permanent Endowment For the upkeep of the Churchyard
To provide for future capital projects To provide for the upkeep of the Church Organ To provide for future maintenance
12.
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WITHYCOMBE RALEIGH**
## NOTES TO THE FINANCIAL STATEMENTS
## FOR THE YEAR ENDED 31 DECEMBER 2020
## 11.2 **Movement of Major Funds**
|**Movement of Major Funds**|||||||||
|---|---|---|---|---|---|---|---|---|
||Fund|||||||Fund|
||balances||||||Gains|balances|
||brought|Incoming||Outgoing|||and|carried|
|Fund Names|forward|resources||resources||Transfers|Losses|forward|
||£
|£
||£
||£
|£
|£
|
|Parish Church|||||||||
|Organ Fund|57||-||-|-|-|57|
|Fabric Fund|52||-||-|-|-|52|
|Choir Fund|420||-||-|-|2|422|
|Vestments Fund|136||-||-|-|1|137|
|150thYear Fund|69||-||-|-|(69)|-|
|Churchyard Fund|6290||-||-|-|433|6723|
|St John in the Wilderness|||||||||
|Capital Projects Fund|2204||-||-|17788|11|20003|
|Organ Fund|21403||-||-|-|91|21494|
|Maintenance Contingency Fund|4551||-||-|-|20|4571|
|Churchyard|||||||||
|Daisy Louisa Pook Bequest|47628||-||-|-|(1686)|45942|
|Withycombe Raleigh PCC|||||||||
|CBF Income Shares|96087||-||-|-|(18329)|77758|
||£178897|£|-|£|-|£17788|£(19526)|£177159|
## **12. Other Information**
During the year the Charity administered the collection and payment of £6,846.00 of EDBF fees. This is not reflected in the accounts as the funds never belonged to the Charity.
## **13. Reserves Policy**
The Trustees consider that the accounts allow for the agreed Reserves Policy of £75,000, it is considered that such reserves would allow for the financial stability and the continuance of our principal activities and responsibilities as a charity.
This reserve is held to ensure that during the accounting period, in the case of any unforeseen occurrences across the Parish, at least three months operating costs will be available to provide financial support to any of our Parish Churches (St John the Evangelist, St John in the Wilderness, All Saints’); the Churchyard; and our two church halls (located at St John the Evangelist Church & All Saints Church).
Fr Robert Sellers, Rector, and the Parish Treasurer will keep this level of funds under quarterly review on behalf of the Parochial Church Council.
13