## **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 2021**
## **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 2021.
## **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 2021**
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 Fr Owen MurphyWardens: Mr G Berridge (from April 2018) Mr P Walker (from April 2017) Treasurer: Finance Group (led by Mrs A Hughes & Mrs D McNeill) Secretary: Mrs G Harding Safeguarding Representative: Mrs A Longbottom
## **St John the Evangelist**
Mr G Berridge (Church Warden)
Mr H Ritchie (Deputy Warden) Mrs A Longbottom (Deanery Synod) Miss E Grant (Deputy Warden) Mr C Robson
## **St John in the Wilderness**
Mrs B Prowse (Deputy Warden) Mrs D McNeill Mr P Walker (Deputy Warden) Mrs L Cope Mr P Brooks (Deanery Synod) **All Saints** Mrs P Stranack (Deputy Warden & Deanery Synod) Mrs K Minty Mr D Minty (Deanery Synod) Mrs L Pearcey Mrs A Hughes Mr K Wadlan
Mrs V Duval-Steer
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 2021 was 345 made up as follows:-
Parish Church of St John the Evangelist 112
All Saints’ 77 St John in the Wilderness 156
**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 2021
It does not seem that a year has passed since we last wrote a report for the annual meeting. As ever we have had a very busy year across the parish. This booklet celebrates the many great things that make our parish a wonderful place to worship. Collectively we come together for many occasions; to worship or to socialise. The Parish confirmation was one such event, seeing so of you come to welcome the four candidates to our church families.
We have been very grateful to out clergy, Fr. Robert, Fr Stephen and Fr Owen for their continued efforts over the last year to ensure our parish has continued to thrive. Unfortunately, Fr Stephen has been unwell for a few months. We are most fortunate to have had a wonderful team of retired clergy especially Fr Robert Charles who have provided their time to ensure no services have been impacted – thank you to you all!
We are very fortunate to have so many members that make up our many congregations. Comparing our parish with many others locally, we are a large and thriving church community. We were delighted that we met the charge for our Common Fund in full. This is a collective effort and everybody pulling together ensures we were able to afford this. Thank you
As ever, there are a great many people who make sure the Parish work well. Thank you to all those who serve on the various committees, organise the many events, ensure effective communication. Whatever your role, we are always very grateful – thank you! Here’s to another wonderful year!
Paul Walker and Graham Berridge
Churchwardens.
3.
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WITHYCOMBE RALEIGH**
## STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021
|Note
**INCOMING RESOURCES**3.
**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**4.
**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 Restricted Endowment
Total
General DesignatedIncome Funds Funds
2021
£
£
£
£
£
96484
-
-
96484
28781
879
-
-
29660
18034
174
-
-
18208
-
-
-
-
-
69160
-
-
69160
£212459 £1053
£-
£-
£213512
192451
-
-
-
192451
13920
-
-
-
13920
-
-
-
-
-
3064
-
-
-
3064
2850
-
-
-
2850
£212285 £-
£-
£-
£212285
174 1053
-
-
1227
(1651) (1027)
-
2678
____
(1477) 26
-
2678
1227
68259
-
-
68259
19 __-
__-
3053
3072
66801 26
-
5731
72558
1384901 49017
__-
45942
1479860
£1451702 £49043
£-
£51673
£1552418|
Total
2021
£
96484
29660
18208
-
69160
£213512|Total
2021
£
96484
29660
18208
-
69160|
Total
2020
£
91513
29747
29403
-
64516
£215179
206484
12330
-
6795
2850
_______
£228459
(13280)
______
(13280)
7755
(20093)
(25618)
1505478
£1479860|
|---|---|---|---|---|
|||
192451
13920
-
3064
2850
£212285|||
|||
1227
____
1227
68259
3072
72558
1479860|||
4.
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WITHYCOMBE RALEIGH**
## BALANCE SHEET AS AT 31 DECEMBER 2021
|
Note
**FIXED ASSETS**
Tangible Assets
7.
Investments
8.
**_Total Fixed Assets_**
**CURRENT ASSETS**
Stock and work in progress
Debtors
9.
Short Term Investments
Cash at bank and in hand
**_Total current assets_**
**CREDITORS**
Amounts falling due within one year
10.
**_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_**
Signed by one or two trustees on behalf
of all of the trustees
|Unrestricted Restricted Endowment
Total
Total
General Designated Income Funds
Funds
2021
2020
£
£
£
£
£
£
1212898
1212898 1144639
177888
49043
_______
51673
278604
273067
£1390786
£49043
£-
£51673 £1491502 £1417706
-
-
-
1188
1188
1128
-
-
-
62548
62548
63816
63736
-____
-____
-____
63736
64944
2820
2820
2790
60916
-____
-____
-____
60916
62154
1451702
49043
-
51673 1552418 1479860
-
-
-
-
-
-
-
-
-
-
-
-
£1451702
£49043
£-
£51673 £1552418 £1479860
1451702
1451702 1384901
49043
-____
49043
49017
_______
_____
51673
51673
45942
£1451702
£49043
£-
£51673 £1552418 £1479860
Signature
Print Name Date
F R Robert Sellers F R Robert Sellers 24 April 2022|
|---|---|
5.
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WITHYCOMBE RALEIGH**
## NOTES TO THE FINANCIAL STATEMENTS
## FOR THE YEAR ENDED 31 DECEMBER 2021
## 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 2021
|**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 2021
|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 Restricted Endowment
General Designated Income Funds
Funds
£
£
£
£
78009
-
-
-
5179
-
-
-
7197
-
-
-
665
-
-
-
5000
-
-
-
433
-
-
-
£96483
£-
£-
£-
25491
3291
-
879
- -
£28782
£879
£-
£-
£18034
£174
£-
£-
£-
£-
£-
£-
2509
-
-
-
19699
-
-
-
23187
-
-
-
13102
-
-
-
-
-
-
-
-
-
-
-
6000
-
-
-
4351
-
-
-
313
-
-
-
£69161
£-
£-
£-|Total
2021
£
78009
5179
7197
665
5000
433
£96483
25491
3291
879
£29661
£18208
£-
2509
19699
23187
13102
-
-
6000
4351
313
£69161|Total
2020
£
81886
4800
3650
-
1000
177
£91513
24327
4274
1146
£29747
£29403
£-
2475
12666
21717
12098
-
-
5000
4325
6235
£64516|
|---|---|---|---|
8.
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WITHYCOMBE RALEIGH**
## NOTES TO THE FINANCIAL STATEMENTS
## FOR THE YEAR ENDED 31 DECEMBER 2021
## 4. **Analysis of resources expended**
|Note
**Costs of generating voluntary income**
Magazine costs
Diocesan common fund
Clergy expenses
Retired Clergy Honoraria
Church running and maintenance
Upkeep of services
Upkeep of churchyard
Wages, salaries and honoraria
Youth Worker’s Salary
Christian Agencies
Assets purchased
New Building work
Major Repairs
Support Costs
Administration
**Fund raising trading**
Church hall running and maintenance
Fund raising costs
**Charitable activities**
Donations
**Governance costs**
Independent Examiners fee|Unrestricted Restricted Endowment
General Designated Income Funds
Funds
£
£
£
£
2810
101500
4080
0
39947
883
28218
9197
-
515
-
2813
-
1351
1136
____
____ ____
£192450
£-
£-
£-
13774
146
____
____ ____
£13920
£-
£-
£-
£3064
£100
£-
£-
£2850
£-
£-
£-|Unrestricted Restricted Endowment
General Designated Income Funds
Funds
£
£
£
£
2810
101500
4080
0
39947
883
28218
9197
-
515
-
2813
-
1351
1136
____
____ ____
£192450
£-
£-
£-
13774
146
____
____ ____
£13920
£-
£-
£-
£3064
£100
£-
£-
£2850
£-
£-
£-|Total
2021
£
2810
101500
4080
-
39947
883
28218
9197
-
515
-
2813
-
1351
1136
£192450
13774
146
£13920
£3164
£2850|Total
2021
£
2810
101500
4080
-
39947
883
28218
9197
-
515
-
2813
-
1351
1136
£192450
13774
146
£13920
£3164
£2850|Total
2020
£
2905
121574
6469
250
31375
1930
26434
8255
-
528
-
1112
-
3202
2450
£206484
12235
95
£12330
£6795
£2850|Total
2020
£
2905
121574
6469
250
31375
1930
26434
8255
-
528
-
1112
-
3202
2450
£206484
12235
95
£12330
£6795
£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|None
£2850|None
£2850|
|---|---|---|
9.
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WITHYCOMBE RALEIGH**
## NOTES TO THE FINANCIAL STATEMENTS
## FOR THE YEAR ENDED 31 DECEMBER 2021
|6.**Paid Employees**
2021
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**
Fixtures
Freehold land
fittings and
and buildings
equipment
£
£
Balance brought forward
1063324
81315
Additions
-
-
Revaluation
62325
5934
Disposals
-
-
Balance carried forward
£1125649
£87249
7.2
**Accumulated depreciation and impairment provisions**
Balance brought forward
-
-
Charge for the year
-
-
Balance carried forward
£-
£-
7.3
**Net book value**
Brought forward
£1063324
£81315
Carried forward
£1125649
£87249|2020
£
-
-
-
£-
-
Total
£
1144639
-
68259
-
£1212898
-
-
£-
£1144639
£1212898|
|---|---|
## 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 2021
## 8. **Investment Assets**
|8.1|**Fixed assets investments**||£|
|---|---|---|---|
||Carrying value at beginning of year||273067|
||Add: additions to investments at cost||-|
||Less: disposals at carrying value||-|
||Add: profit/(loss) on revaluation||5537|
||Carrying value at end of year||£278604
|
|8.2|**Analysis of investments**|Market value|Income for|
|||at year end|the year|
|||£|£|
||Parish Church|||
||CBF Deposit Account - Organ Fund|57|-|
||CBF Deposit Account - Fabric Fund|52|-|
||CBF Deposit Account - Choir Fund|422|-|
||CBF Deposit Account - Vestments Fund|137|-|
||CBF Deposit Account - 150thYear Fund||-|
||100 Group Santander shares|258|19|
||Parish Church Hall|||
||Deposit Account|4121|-|
||All Saints Church|||
||CBF Deposit Account - General Fund|152|-|
||CBF Deposit Account - Sheppard Bequest|7355|4|
||14684 CBF Income Shares||-|
||CBF Fabric Fund|3214|2|
||Cambridge & Counties Bank|2|-|
||Cambridge & Counties Bank - 1 Year FRB|||
||St John in the Wilderness Church|10150|-|
||CBF Deposit Account - General Fund|8009|4|
||CBF Deposit Account - Capital Projects Fund|20013|10|
||CBF Deposit Account - Organ Fund|21505|11|
||CBF Deposit Account - Maintenance Contingency Fund
|4573|2|
||CBF Growth Fund|2033|1|
||CBF Training Fund|250|-|
||Cambridge & Counties Bank|54098|535|
||Churchyard Fund|7685|962|
||1512 CBF Investment fund units
|17891|-7286|
||CBF Deposit Account
|4984|-|
||CBF Deposit Account
|7765|-|
||1474 M&G Charifund income units|28798|13018|
||Withycombe Raleigh PCC|||
||CBF Income Shares|75080|-2679|
|||£278604|£4603|
||11.|||
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WITHYCOMBE RALEIGH**
## NOTES TO THE FINANCIAL STATEMENTS
## FOR THE YEAR ENDED 31 DECEMBER 2021
## 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|£1188|£1128|
|**tors and Accruals**|||
|**Analysis of Creditors**||Amounts falling due|
|||within one year|
||This Year|
Last Year|
||£|
£|
|Other Creditors|£2820|£2790|
## 10. **Creditors and Accruals**
## 11. **Endowment and Restricted Funds**
## 11.1 **Funds Held**
Fund Name Type Purpose and Restriction Parish Church Organ Fund Restricted To provide for the upkeep of the Church Organ Fabric Fund Restricted To provide for the upkeep of the Church Fabric Choir Fund Restricted To provide for the benefit of the Church Choir Vestments Fund Restricted To provide for the upkeep of the Church Vestments 150[th] Year Fund Restricted To provide for celebrations to mark the 150[th] anniversary of the Church
## All Saints Church
Miss E Hays Legacy Permanent Endowment For the general benefit of the Church Miss M F Ramsden-Wood Legacy Permanent Endowment For the general benefit of the Church Miss S F Pollard Legacy Permanent Endowment For the general benefit of the Church PCC Monies Permanent Endowment For the general benefit of the Church St John in the Wilderness Capital Projects Fund Restricted To provide for future capital projects Organ Fund Restricted Maintenance Contingency Fund Restricted To provide for future maintenance 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 2021
|11.2
**Movement of Major Funds**
Fund Names
Parish Church
Organ Fund
Fabric Fund
Choir Fund
Vestments Fund
150thYear Fund
Churchyard Fund
St John in the Wilderness
Capital Projects Fund
Organ Fund
Maintenance Contingency Fund
Churchyard
Daisy Louisa Pook Bequest
Withycombe Raleigh PCC
CBF Income Shares|Fund
balances
Gains
brought Incoming
Outgoing
and
forward resources resources Transfers
Losses
£
£
£
£
£
57
-
-
-
-
52
-
-
-
-
422
-
-
-
-
137
-
-
-
-
-
-
-
-
-
6723
-
-
-
962
20003
-
-
-
10
21494
-
-
-
11
4571
-
-
-
2
45942
-
-
-
5731
77758
-
-
-
(2679)
£177159
£-
£-
£-
£4037|Fund
balances
carried
forward
£
57
52
422
137
-
7685
20013
21505
4573
51673
75079
£181196|
|---|---|---|
## **12. Other Information**
During the year the Charity administered the collection and payment of £7603 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