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2021-12-31-accounts

Parochial Church Council

REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 REGISTERED CHARITY NUMBER : 1129125

STOKE POGES PCC - ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2021

Contents

Report of the Trustees................................................................................................................3 Independent Examiner’s Report to the Trustees of Stoke Poges PCC.........................................9 Statement of Financial Activities..............................................................................................10 Balance Sheet.......................................................................................................................... 11 Notes to the Financial Statements............................................................................................12

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STOKE POGES PCC - ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2021

Report of the Trustees

The Stoke Poges Parochial Church Council (PCC) members (the trustees), present their annual report and accounts for the year ended 31 December 2021. The trustees have adopted the provisions of the Statement of Recommended Practice “Accounting and Reporting by Charities” (FRS 102) in preparing the annual report and financial statements of the charity.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Charity number

1129125

Registered office

St Andrew's Church Centre Rogers Lane Stoke Poges Buckinghamshire SL2 4LN

Trustees

The Revd. Natasha Brady Mr John Wheatley

Mr Simon McDowell Mr Mark Wells Mrs Jennifer Pickering Mr Richard Beckingsale Mr Nigel Lowe Mrs Kate Holliday

Incumbent, Ex officio Churchwarden, Acting Treasurer and Deanery Synod Representative Churchwarden and PCC Secretary Deanery Synod Representative

Independent Examiner:

Roger Webb AMCA 9 Barrs Road Taplow SL6 0LE

Principal Bankers:

CAF Bank Ltd. 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ

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STOKE POGES PCC - ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT

Introduction

These financial statements cover the Stoke Poges Parochial Church Council (PCC) Charity Number 1129125.

The purpose of the charity is to promote the whole mission of the church in the ecclesiastical parish.

Public benefit

The trustees have had due regard to the Charity Commission Guidance on public benefit and confirm that the charity’s objectives benefit the public in a number of ways i.e. the provision of regular public worship and a sacred space for private prayer and/or contemplation; activities for all ages including a supper club for the over 55s, opportunities for men’s and women’s fellowship, a toddler group and the provision of space for a large number of community groups as well as a coffee shop where people can drop in and also learn skills; the provision of facilities where people can learn to sing and ring bells; the financial and spiritual support of other charities at home and abroad.

Recruitment and appointment of new trustees

The PCC is formed under the Parochial Church Council (Powers) Measure 1956 and the appointment of its members is governed by and set out in the Church Representation Rules of 2005 as amended.

PCC members are recruited in a number of ways. Clergy are members by virtue of their office as beneficed to or licensed to the parish. Churchwardens are also members by virtue of their office and are elected by all parishioners at the Annual Parochial Church Meeting (APCM) under the Churchwardens’ Measure 2001 and can serve for a maximum of six years at one time. Deanery Synod Members are members by virtue of their office and are elected at the APCM by those church members who are registered on the electoral roll. They together with other members elected in the same way may hold office for three years and may be re-elected.

Trustee Training

Trustees are offered training during their period of office. New trustees are provided with an induction course at their request together with copies of relevant Diocesan and Charity Commission guidance, PCC policies and statements of accounts.

Organisational structure

The Council had five formal meetings in 2021, three in person and two by videoconference during the COVID19 lockdown (2020: five) and normally holds an Away Day in June for a deeper exploration of spiritual needs for the parish, although this was cancelled again in 2021. Average attendance is over 80%. Any decision of the Council is by majority and the quorum at each meeting is one third of its members. PCC discussions in 2021 concentrated on the management of the parish and on growing our congregation.

There are two sub-committees – Standing and Finance and Property Management. Those committees can take decisions as delegated to them by the PCC. During 2021, the standing and finance committee met once and the property committee met three times: once on Zoom and the other times in person.

Risk management

The trustees have reviewed risks the charity could face including theft, fraud, health and safety, food handling, data protection, safeguarding, loss of utilities, loss of records, breach of confidentiality, conflicts of interest and press mis-reporting and have put in place measures aimed at managing those risks. Its policies are reviewed on a regular basis.

The PCC has complied with the duty under s.5 Safeguarding and Clergy Discipline Measure 2016 which imposes a duty to have due regard to the House of Bishops’ guidance on safeguarding children and vulnerable adults. Trustees have undergone training in this respect and safeguarding is listed as an agenda item at each meeting.

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STOKE POGES PCC - ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2021

ACHIEVEMENT AND PERFORMANCE

During 2021, the Rev. Natasha Brady completed her third year ministering to us in this parish. The PCC is grateful to the progress she has made on community relations, helping the lonely and in deepening our faith as a church. It was another exceptional year, due to the continuing COVID pandemic, where the minister and her team collaborated well to give support to one another and the wider community.

The church wishes to play as full a part as possible in community activities and enable everyone to attend services at both St Andrew’s and St Giles’ and keep the building open at St Giles’ for private prayer each day. The government guidance and lockdowns changed the way that church played its part, but we managed to remain open throughout 2021, provide podcasts online, and visit people in their homes to share Communion and prayer, according to the restrictions in place at that time.

Our major community activities in 2021 centred around meeting the spiritual, social and wellbeing needs of our Parish. We continued to work collaboratively with local groups to enable villagers to attend events that we put on. Our Eco garden began to attract outside groups, which was good news. Namely some Duke of Edinburgh students, doing their Bronze and Gold awards. By the end of the growing season the garden had distributed plenty of vegetables and some fruit to the elderly and isolated. A lovely goal to have reached. The pastoral network created the year before developed some positive connections with our neighbours, and these have been continued and deepened. The Support group for new parents and babies Baby Steps expanded as the restrictions eased to include all under 3’s and their carers. The group has grown and we cycle through new parents who enjoy their maternity leave with us. It has been a positive place that has seen much spiritual growth.

All our Civic and Celebratory services could go ahead this year, although they did have to operate with restricted numbers. We did try ticketing them, but found people self-regulated so this was stopped by Remembrance Sunday. It was a joy to have our Senior Citizen’s lunch in person again, and Sandra Greenslade of the Mobbs Memorial Trust came to help.

Our church continues to seek out opportunities to bring others to faith, through the Alpha Course, friendship evangelism and Pastoral Support and Facebook LIVE services. Our fringe ministries returned this year and Knit and Natter have enjoyed growth in numbers, and have welcomed the opportunity to share their faith and Chirstian perspective in this informal setting.

During the year the church has still managed, despite the climate, to officiate at many of the milestones of life. Through baptism, God is thanked for the gift of life; in marriage, public vows are exchanged with God’s blessing; and through funeral services, family and friends can express their grief and give thanks for the life of the departed, commending the person into God’s keeping. Three baptisms, one thanksgiving service, five weddings, two Blessings after a Church Wedding Service, six funerals and ten burials of ashes, and four Memorial Services that included the interment of ashes were conducted by the Vicar during 2021.

There are 94 parishioners on the electoral roll of the church, 27 of whom are not resident within the parish. No names were added during the year and one person one was removed. Many members attend church on Sunday and there is increased participation at church festivals and special services. Approximately 220 attended Christmas Services in 2021. Covid-19 was surging so we encouraged people to choose one service and go to that one only. Advise that was appreciated and adhered to.

For further details on the years’ activities see the church website: www.stokepogeschurch.org.

Charitable activities

As well as conducting its usual activities the charity has:

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STOKE POGES PCC - ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2021

Criteria used to measure performance

The PCC measures its success by:

FINANCIAL REVIEW

The results of the PCC for the year ended 31 December 2021 are set out in the attached financial statements.

The COVID19 pandemic continued to be challenging financially for the PCC as well as operationally. Although improved from 2020, we could not rely on two key sources of revenue – lettings from the St Andrew’s halls and donations from services, weddings and funerals. Costs rose in 2021, managed where possible, due to the admin pressures to convert to a virtual service format and deep cleaning when we were meeting.

The PCC is enormously grateful for the generosity from its donors, volunteers and contractors, but our income was 14% down on 2020, 24% down on 2019, as an increase in St Andrew’s Hall hire from the lows of 2020 was offset by falls in one-off donations and rent from the flats. Our total expenses were up 10% on 2020, so instead of the small surplus in 2020, we made a loss for 2021. On an unrestricted fund basis, income was 12% lower and our unrestricted expenditure was similar to 2020 levels, resulting in a small unrestricted fund surplus.

Income

A significant proportion of the income generated each year comes from hiring out three rooms at St Andrew’s: the Main Hall, the Youth Hall and the Hastings Room. Due to Covid restrictions, the lettings were limited for large parts of 2021; although the income from lettings was £6,000 (60%) higher than the amount in 2020, it was still just over ½ the 2019 amount.

Other major falls in income were from the two flats, dropping by £7,000 (28%) due to a void period and from one-off gifts, £14,500 (35%) lower. These one-off gifts are hard to predict individually, but the 2021 level is similar to 2019, the fall being perhaps more due to donors’ generosity in 2020.

Fees for weddings and funerals returned to their 2019 levels, but collections and church boxes remain around half of the 2019 figure. Planned giving was 6% down on 2020 and income tax recovered about 10% lower.

Overall, our income was down considerably on 2020 and we need to work with our community to recover some of our income streams during 2022, whilst maintaining those that have not seen large drops.

Expenses

Our expenses, on an unrestricted fund basis, remained approximately the same as in 2020, but we saw increases in expenses in hall-hire related items, offset by lower heating and lighting (a credit on our account). Restricted fund expenses increased, particularly for repairs and maintenance at both churches and the St Giles’ churchyard.

The largest expense by far, remains our Parish Share, which remained flat in 2021. The Share covers clergy stipends and pensions and the training of ordinands and, despite the financial pressures, we maintained our payments throughout the year. The PCC considers it important to maintain our commitment to the Diocese and Deanery.

As in previous years, the PCC agreed to give 10% of our total Planned Giving to our partner charities, the Nepal Leprosy Trust and SHOC – Slough Homeless Our Concern. The total amount of Mission Giving

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STOKE POGES PCC - ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2021

was increased in 2021 due to helping members of the local community during the pandemic and an additional gift to SHOC of the Harvest Festival collection.

Reserves policy

It is a PCC policy to maintain, if possible, a balance of unrestricted general funds in cash that is equivalent to three months’ operating costs to cover emergency situations that may arise from time to time.

Funds

Funds may be unrestricted, designated, restricted or endowment. Unrestricted funds are funds available for the general objectives of the church, normally called general funds. Designated funds are unrestricted funds which the PCC has earmarked for a particular purpose e.g. youth work. Restricted funds can only be used for the specific purpose for which they were given within the objectives of the church e.g. St. Giles’ Fabric Fund for major repairs at that church.

Endowment funds are restricted funds which must be held permanently and the capital maintained and use of the income restricted. There are three permanent endowments: the Churchyard Fund, the Fenton Fund and the Rabbitt Memorial Fund, which pay dividends into the Churchyard and Choir funds.

Investments

The trustees remain cautious over the PCC’s investment strategy and are satisfied that they have taken appropriate steps to ensure that reserves are not placed at undue risk. During the period of this report and at the date of the balance sheet the majority of the PCC’s cash reserves are held in CBF Church of England short term deposit accounts. In order to achieve a higher rate of interest accounts were also held with the Redwood Bank and the Cambridge and Counties Bank.

The three Endowment funds and the Restricted Chancel Repair Fund are common Investment Funds managed by the Church of England Investment Fund.

Investment performance

The Endowment funds have all increased in value and continue to pay dividends to specified restricted funds. The Rabbitt Memorial Fund for the benefit of the church choir and music has increased in value by £777, The Churchyard Trust by £403 and the Fenton Trust for St Giles’ and its churchyard by £132.

FUTURE DEVELOPMENTS

The trustees wish to:

SIGNIFICANCE OF VOLUNTEERS TO THE CHARITY

The charity is reliant on volunteers to perform a variety of tasks from preaching, leading courses, teaching, undertaking treasury functions, cleaning, flower arranging, maintaining the churchyard, performing minor building maintenance, managing and serving in the coffee shop, managing lettings to organising and helping out at events. The charity would find it impossible to operate the range of activities without their generosity of time.

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STOKE POGES PCC - ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2021

STATEMENT OF TRUSTEES RESPONSIBILITIES

The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008, Church Accounting Regulations 2006, require the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the Stoke Poges Parochial Church Council on 25 April 2022 and signed on its behalf by:

Revd. Natasha Brady Chairman, Stoke Poges PCC

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STOKE POGES PCC - ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2021

Independent Examiner’s Report to the Trustees of Stoke Poges PCC

I report on the accounts for the trustees on my examination of the accounts of Stoke Poges PCC for the year ended 31 December 2021 as set out on pages 10 to 21.

Responsibilities and basis of report

As the charity trustees, you are responsible for the preparation of the accounts in accordance with 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 2011 Act and in carrying out my examination I have followed all the 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 which gives me cause to believe that in any material respect:

I have no concerns and have come across no 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.

Date: 25 April 2022

Roger Webb AMCA 9 Barrs Road Taplow SL6 0LE

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STOKE POGES PCC - ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2021

Statement of Financial Activities

(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2021

Notes
Unrestricted
funds
£
Designated
funds
£
Restricted
funds
£
Endowment
funds
£
INCOME
Donations and legacies
2
74,103
- 8,280
-
Charitable Activities: Church
3
23,732
- -
-
Other trading activities
4
17,517
- -
-
Investments
5
24 354 3,983
-




Total income and endowments
115,376 354 12,263
-




EXPENDITURE
Costs of raising funds
6
408
- -
-
Trading Activities
6
-
-
-
-
Expenditure on Charitable
Activities: Church
7
112,045
- 43,984
-




Total expenditure
112,453
- 43,984
-
(Losses)/Gains on investments
- 430 - 2,919




Net income/(expenditure)
2,923 784(31,721
) 2,919
Transfers between funds
-
- -
-




Net movement in Funds
2,923 784(31,721
) 2,919
Reconciliation of funds
Total funds brought forward
106,909 14,699 895,062 20,393




Total Funds Carried Forward
109,832 15,483 863,34
1 23,312




Notes
Unrestricted
funds
£
Designated
funds
£
Restricted
funds
£
Endowment
funds
£
INCOME
Donations and legacies
2
74,103
- 8,280
-
Charitable Activities: Church
3
23,732
- -
-
Other trading activities
4
17,517
- -
-
Investments
5
24 354 3,983
-




Total income and endowments
115,376 354 12,263
-




EXPENDITURE
Costs of raising funds
6
408
- -
-
Trading Activities
6
-
-
-
-
Expenditure on Charitable
Activities: Church
7
112,045
- 43,984
-




Total expenditure
112,453
- 43,984
-
(Losses)/Gains on investments
- 430 - 2,919




Net income/(expenditure)
2,923 784(31,721
) 2,919
Transfers between funds
-
- -
-




Net movement in Funds
2,923 784(31,721
) 2,919
Reconciliation of funds
Total funds brought forward
106,909 14,699 895,062 20,393




Total Funds Carried Forward
109,832 15,483 863,34
1 23,312




Notes
Unrestricted
funds
£
Designated
funds
£
Restricted
funds
£
Endowment
funds
£
INCOME
Donations and legacies
2
74,103
- 8,280
-
Charitable Activities: Church
3
23,732
- -
-
Other trading activities
4
17,517
- -
-
Investments
5
24 354 3,983
-




Total income and endowments
115,376 354 12,263
-




EXPENDITURE
Costs of raising funds
6
408
- -
-
Trading Activities
6
-
-
-
-
Expenditure on Charitable
Activities: Church
7
112,045
- 43,984
-




Total expenditure
112,453
- 43,984
-
(Losses)/Gains on investments
- 430 - 2,919




Net income/(expenditure)
2,923 784(31,721
) 2,919
Transfers between funds
-
- -
-




Net movement in Funds
2,923 784(31,721
) 2,919
Reconciliation of funds
Total funds brought forward
106,909 14,699 895,062 20,393




Total Funds Carried Forward
109,832 15,483 863,34
1 23,312




2021
Total
funds
£
82,38
3
23,73
2
17,51
7
4,36
1
 2020
Total
funds
£
100,74
4
14,76
5
25,43
5
6,85
5


_ _
-
 _ _
127,99
3
 _ _
147,79
9



_ _
-
-
-
 _ _
40
8
-
156,02
9
 _ _
966
651
140,90
0



_ _
-
2,919
 _ _
156,43
7
3,34
9
 _ _
142,51
7
1,95
0



_ _
2,919
-
 _ _
(25,09
5)
-
 _ _
7,23
2
-



_ _
2,919
20,393
_
(25,09
5)
1,037,06
3


_
1,011,9
68

 _
7,23
2
1,029,83
1

_
1,037,0
63

_ _
23,312

The notes set out on pages 12 to 20 form part of these financial statements.

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STOKE POGES PCC - ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2021

Balance Sheet

AT 31 DECEMBER

Notes
Fixed assets
Tangible assets
11
Investments
12
Current assets
Debtors
13
Cash at bank and in hand
Creditors
Amounts falling due within one year
14
Net current assets
Total assets less current liabilities
Net Assets
Funds
16
Unrestricted funds
Designated funds
Total unrestricted funds
Restricted funds
Endowment funds
Total Charity Funds		 2021
£
272,859
26,755

299,614

26,461
689,252

715,713

(3,359)

712,354

1,011,968

1,011,968

109,832
15,483

125,315

863,341
23,312

1,011,968
 2020
£
298,795
23,406
_ _
322,201
_ _
14,481
705,779
_ _
720,260
_ _
(5,398)
_ _
714,862
_ _
1,037,063
_ _
1,037,063
_ _
106,909
14,699
_ _
121,608
_ _
895,062
20,393
_ _
1,037,063

The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS102) and were approved by the Stoke Poges Parochial Church Council on 25 April 2022 and were signed on its behalf by:

Revd. Natasha Brady Chairman, Stoke Poges PCC

Registered Charity Number: 1129125

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STOKE POGES PCC - ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2021

Notes to the Financial Statements

1. ACCOUNTING POLICIES

The Financial Statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individual accounts of PCCs, and Statement of Recommended Practice “Accounting and Reporting by Charities”(FRS 102).

The statements include all transactions, assets and liabilities for which the Parochial Church Council is responsible in law. The statements do not include the accounts of church groups that owe their main affiliation to another body or those that are informal gatherings of church members.

Charity’s legal form

This charity is a Parochial Church Council. The registered office is given on page three. The charity is a public benefit entity.

Accounting convention

The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.

These financial statements are presented in £s and are rounded to the nearest £.

Going Concern

All activities and forecasts indicate that the charities should be able to operate at adequate levels of both liquidity and capital. The trustees are satisfied, therefore, that there are sufficient resources to operate on a going concern basis and that no material uncertainties exist in this regard.

Incoming resources

Recognition of incoming resources

These are included in the Statement of Financial Activities (SOFA) when:

1) The PCC becomes legally entitled to the benefit of the use of the resources; 2) Their ultimate receipt is virtually certain; and 3) The monetary value can be measured with sufficient reliability.

Fundraising costs

Funds raised from events and trading activities are reported gross in the SOFA, ie before any related costs may have been deducted from the gross proceeds.

Grants and donations

Grants and donations are included in the SOFA when any preconditions preventing their use by the PCC have been met. For collections and planned giving it is when the funds are received.

Gift Aid tax claims etc. on cash donations

Gift Aid and other tax claims are included in the SOFA at the same time as the cash donations to which they relate.

Volunteer help

The value of any voluntary help received is not included in the accounts but it is described in the trustees' annual report.

Rental income

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

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.

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STOKE POGES PCC - ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2021

Resources expended

Expenditure is included on an accruals basis and is recognised when there is a legal or constructive obligation to pay for goods or services. All costs have been directly attributed to the various categories within the SOFA. As the church is not registered for VAT, all expenditure is shown inclusive of VAT. Grants and charitable giving are accounted for when paid over or when awarded, if the award creates a binding obligation on the PCC. All expenditure incurred during the year on consecrated or benefice buildings and movable church furnishings, whether maintenance or improvement, is written off as expenditure in the SOFA.

Liability recognition

Liabilities are recognised as soon as a legal constructive obligation arises.

Support costs

Include costs of the preparation and examination of statutory accounts, the costs of trustee meetings and costs of any legal advice to trustees on governance or constitutional matters.

Grants payable without performance conditions

These are recognised in the accounts when a commitment has been made externally and there are no preconditions still to be met for entitlement to the grant which remain within the control of the PCC.

Allocation and apportionment of costs

Costs are apportioned between multi-purpose activities based on the trustee's best estimate of allocation of resources.

Assets

Stocks

Stock is valued at the lower of cost or realisable value and represents goods for resale in the PCC's coffee shop and book stall.

Consecrated and benefice property

Consecrated and benefice property of any kind is excluded from the financial statements by Section 10(2) (a) of the Charities Act 2011. The freehold of St. Andrew's is included at its cost at the time it was donated to the PCC by Reverend Bryant Bevan in 1960 as is the freehold of a piece of land adjacent to the St. Andrew's Centre. To this has been added the cost of the youth hall extension at the time of build. Movable church furnishings held by the Vicar and churchwardens on special trust for the PCC and which require a faculty for disposal are inalienable property, listed in the church's inventory, and as such are not included in the financial statements.

Tangible fixed assets for use by charity

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Individual items of equipment with a purchase price of £1,000 or less are written off when the asset is acquired.

Land - Nil Buildings - 5% on cost Fixtures and - 25% on cost fittings

Cost is the measurement basis for determining the gross carrying amount.

Investments

Investments quoted on a recognised stock exchange or whose value derives from them are valued at market value at year end. Other investment assets are included at trustee's best estimate of market value.

Debtors and creditors receivable/payable

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

Funds

Unrestricted funds

These are funds available for the general objectives of the church, normally called general funds.

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STOKE POGES PCC - ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2021

Designated funds

These represent unrestricted funds which the PCC has earmarked for a specific purpose eg. churchyard work.

Restricted funds

These can only be used for the purposes for which they were given; within the objectives of the church eg. St. Giles’ fabric fund is for major repairs at St. Giles’.

Endowment funds

These are restricted funds which must be held permanently and the capital maintained and use of the income restricted e.g. the Fenton and Churchyard funds for the upkeep of the churchyard and the Rabbitt Memorial Fund for the upkeep of the choir and maintenance of the organ at St. Giles’.

2. DONATIONS AND LEGACIES (restricted and unrestricted)

Planned giving
St Giles’ collections
St Andrew’s collections
Other donations
Church boxes
Income tax recovered
Legacies
3. INCOME FROM CHARITABLE ACTIVITIES
CHURCH ACTIVITIES
Junior Church
Fees – Weddings etc
St Andrew’s Lettings
4. OTHER TRADING ACTIVITIES
Fund raising income
Rent
Cofee shop sales		 2021
£
31,296
1,703
1,278
26,807
992
20,307
-

82,383

2021
£
-
7,664
16,068

23,732

2021
£
-
17,517
-

17,517
 2020
£
33,189
1,551
2,150
41,273
572
22,009
-
_ _
100,744
_ _
2020
£
110
4,642
10,013
_ _
14,765
_ _
2020
£
44
24,369
1,022
_ _
25,435

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STOKE POGES PCC - ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2021

5. INVESTMENTS

Interest received
Dividends
6. COSTS OF RAISING FUNDS
Cofee shop cost of sales
Merchandise cost of sales
Social expenses
7. EXPENDITURE ON CHARITABLE ACTIVITIES
Mission Giving

Senior citizens

Diocesan share

Deanery share

Church admin

Church Ofce Expenses

Parochial Clergy

Assistant Clergy

Outreach

Audio Visual

Flowers

Insurances

Organ and Piano Tuning

Routine Maintenance - Fabric

Sacristy

Upkeep of Churchyard

Verger – St Giles’

Organist

Bellringers Expenses

Junior Church Expenses

St Giles’ heat and light

St Andrew’s heat and light

Caretaker – St Andrew’s

Hall expenses

Major Repairs – St Giles'

Major Repairs – St Andrew's centre

Depreciation – St Andrew’s
Centre

Bank charges

Other management costs

 Non-cash item		 2021
£
679
3,682

4,361

2021
£
-
-
408

408

2021
£
4,339
3,483
61,800
400
9,927
1,058
1,581
7
575
1,470
540
7,626
370
4,590
49
2,519
400
1,485
-
13
7,140
2,762
7,059
2,409
5,527
2,050
25,936
97
819

156,029
 2020
£
656
6,199
_ _
6,855
_ _
2020
£
385
266
966
_ _
1,617
_ _
2020
£
3,768
2,123
61,800
618
10,364
582
299
-
612
2,202
25
7,289
360
284
232
90
30
750
407
-
7,269
6,140
7,060
659
2,268
480
23,977
116
1,096
_ _
140,900

15

STOKE POGES PCC - ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2021

8. NET INCOMING/(OUTGOING) RESOURCES

Net resources are stated after charging/(crediting):

Independent Examiner’s fees
Depreciation of owned assets		 2021
£
-
25,936
 2020
£
-
23,977

9. TRUSTEES' REMUNERATION AND BENEFITS

During the year no trustee received any remuneration or benefits in their capacity as a trustee. (2020: £nil).

Trustees' Expenses

Eight trustees or their related parties were reimbursed for directly incurred expenses. One related party was paid for providing administrative services to the church. Total amounts paid were £12,424 (2020: £7,799). For further details, see related party disclosures at note 17.

10.STAFF COSTS

The PCC has no employees and no staff costs paid for the year ended 31 December 2020 or for the year ended 31 December 2021.

11.TANGIBLE FIXED ASSETS

Land and
buildings
Fixtures and
£
COST
At 1 January 2021
558,168
ADDITIONS
Additions
-

At 31 December 2021
558,168

DEPRECIATION
At 1 January 2021
259,373
Charge for the year
25,936

At 31 December 2021
285,309

NET BOOK VALUE
At 31 December 2021
272,859

At 31 December 2020
298,795
 fttings
Total
£
£
4,176
562,344
-
-


4,176
562,344


4,176
263,549
-
25,936


4,176
289,485


-
272,859


-
298,795

 Total
£
562,344
-
_ _
562,344
_ _
263,549
25,936
_ _
289,485
_ _
298,795

16

STOKE POGES PCC - ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2021

12.FIXED ASSET INVESTMENTS

Chancel
Repair Fund
Rabbit
Memorial
Fund
Fenton
Memorial
Fund
Churchyard
Fund
£
£
£
£
Market value
At 1 January 2021
3,013
12,077
2,048
6,268
Net unrealised gains
430
1,727
294
898




At 31 December
2021
3,443
13,804
2,342
7,166




Cost
At 31 December
2021
500
5,000
80
250



 Total
£
23,406
3,349
_ _
26,755
_ _
5,830

The above funds are invested in professionally managed common Investment Funds.

13.DEBTORS

13.DEBTORS
2021
£
Prepayments
1,159
Accrued income
20,307
Other debtors
4,995

26,461

14.CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021
£
Trade creditors
-
Accruals
3,359

3,359
 2020
£
1,830
7,201
5,450
_ _
14,481
_ _
2020
£
-
5,398
_ _
5,398

15.ANALYSIS OF NET ASSETS BETWEEN FUNDS

Unrestricted Designated Restricted Endowment 2021 Total 2020 Total
funds funds funds funds funds funds
£ £ £ £ £ £
Fixed assets - - 272,859 - 272,859 298,795
Investments - 3,442 - 23,312 26,755 23,406
Current assets 116,753 12,041 586,919 - 715,713 720,260
Current liabilities (6,921) - 3,563 - (3,359) (5,398)
_ _ _ _ _ _ _ _ _ _ _ _
Net assets 109,832 15,483 863,341 23,312 1,011,968 1,037,063
_ _ _ _ _ _ _ _ _ _ _ _

17

STOKE POGES PCC - ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2021

16.MOVEMENT IN FUNDS

16.MOVEMENT IN FUNDS
At 1 Net Transfers At 31
January movement in between December
2021 funds funds 2021
£ £ £ £
Unrestricted funds
General Fund 106,909 2,923 - 109,832
Designated Funds
Chancel Repair 3,013 430 - 3,443
Upkeep of Choir 6,005 354 - 6,359
Upkeep of Churchyard 5,681 - - 5,681
_ _ _ _ _ _ _ _
Designated Funds Total 14,699 784 - 15,483
_ _ _ _ _ _ _ _
Restricted Funds
Fabric St Giles’ 157,517 (2,829) - 154,688
Maintenance of Church and Centre 412,452 3,367 - 415,819
Maintenance of Organ 3,510 (368) - 3,142
Upkeep of Churchyard 7,006 (278) - 6,728
Senior Citizens 5,875 480 - 6,355
Youth 333 - - 333
St Andrew’s 308,369 (32,093) - 276,276
_ _ _ _ _ _ _ _
Restricted Funds Total 895,062 (31,721) - 863,341
_ _ _ _ _ _ _ _
Endowment Funds
Fenton Memorial 2,048 294 - 2,342
Churchyard 6,268 898 - 7,166
Rabbit Memorial 12,077 1,727 - 13,804
_ _ _ _ _ _ _ _
Endowment Funds Total 20,393 2,919 - 23,312
_ _ _ _ _ _ _ _
_ _ _ _ _ _ _ _
TOTAL FUNDS 1,037,06
3		 (25,095) - 1,011,968
_ _ _ _ _ _ _ _

18

STOKE POGES PCC - ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2021

Net movement in funds, included in the above are as follows:

Incoming Resources Resources Gains and Gains and Movement in
resources expended (losses) funds
£ £ £ £
Unrestricted funds
General Fund Total
 115,376
 112,453 - 2,923
Designated Funds
Chancel Repair -
 -
430 430
Upkeep of Choir
 354
 - - 354
Upkeep of Churchyard -
 - - -
_ _ _ _ _ _ _ _
Designated Funds Total
 354
 -
430 784
_ _ _ _ _ _ _ _
Restricted Funds
Fabric St Giles’
 4,464
 7,292 - (2,829)
Maintenance of Church
and Centre
 3,560
 194 - 3,367
Maintenance of Organ 2
 370 - (368)
Upkeep of Churchyard
 549
 827 - (278)
Senior Citizens
 3,682
 3,202 - 480
Youth -
 - - -
St Andrew’s 6
 32,099 - (32,093)
_ _ _ _ _ _ _ _
Restricted Funds Total
 12,263
 43,984 - (31,721)
_ _ _ _ _ _ _ _
Endowment Funds
Fenton Memorial -
 -
294 294
Churchyard -
 -
898 898
Rabbit Memorial -
 -
1,727 1,727
_ _ _ _ _ _ _ _
Endowment Funds
Total		 -
 -
2,919 2,919
_ _ _ _ _ _ _ _
_ _ _ _ _ _ _ _
TOTAL FUNDS
 127,993
 156,43
7
 3,349 (25,095)
_ _ _ _ _ _ _ _

19

STOKE POGES PCC - ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2021

17.RELATED PARTY DISCLOSURES

The charity was controlled throughout the current and previous year by the Trustees collectively. The amounts paid to trustees and their related parties in the year were:

The total amount of donations received without conditions from Trustees and other related parties was £11,676 (2020: £23,246).

18.COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

The following gives the detail of income and expenditure from the 2020 Statement of Financial Activities.

Note
s
Unrestricted
funds
£
Designated
funds
£
Restricted
funds
£
Endowment
funds
£
2020 Total
funds
£
INCOME
Donations and legacies
2
90,518
-
10,226
-
100,744
Charitable Activities: Church
3
14,765
-
-
-
14,765
Other trading activities
4
25,435
-
-
-
25,435
Investments
5
192
363
6,300
-
6,855





Total income and endowments
130,910
363
16,526
-
147,799





EXPENDITURE
Costs of raising funds
Fundraising
6
912
-
54
-
966
Trading Activities
6
651
-
-
-
651
Expenditure on Charitable
Activities: Church
7
111,601
-
29,299
-
140,900





Total expenditure
113,164
-
29,353
-
142,517
(Losses)/Gains on investments
-
638
-
1,312
1,950





Net income/(expenditure)
17,746
1,001
(12,827)
1,312
7,232




 Note
s
Unrestricted
funds
£
Designated
funds
£
Restricted
funds
£
Endowment
funds
£
2020 Total
funds
£
INCOME
Donations and legacies
2
90,518
-
10,226
-
100,744
Charitable Activities: Church
3
14,765
-
-
-
14,765
Other trading activities
4
25,435
-
-
-
25,435
Investments
5
192
363
6,300
-
6,855





Total income and endowments
130,910
363
16,526
-
147,799





EXPENDITURE
Costs of raising funds
Fundraising
6
912
-
54
-
966
Trading Activities
6
651
-
-
-
651
Expenditure on Charitable
Activities: Church
7
111,601
-
29,299
-
140,900





Total expenditure
113,164
-
29,353
-
142,517
(Losses)/Gains on investments
-
638
-
1,312
1,950





Net income/(expenditure)
17,746
1,001
(12,827)
1,312
7,232




 Note
s
Unrestricted
funds
£
Designated
funds
£
Restricted
funds
£
Endowment
funds
£
2020 Total
funds
£
INCOME
Donations and legacies
2
90,518
-
10,226
-
100,744
Charitable Activities: Church
3
14,765
-
-
-
14,765
Other trading activities
4
25,435
-
-
-
25,435
Investments
5
192
363
6,300
-
6,855





Total income and endowments
130,910
363
16,526
-
147,799





EXPENDITURE
Costs of raising funds
Fundraising
6
912
-
54
-
966
Trading Activities
6
651
-
-
-
651
Expenditure on Charitable
Activities: Church
7
111,601
-
29,299
-
140,900





Total expenditure
113,164
-
29,353
-
142,517
(Losses)/Gains on investments
-
638
-
1,312
1,950





Net income/(expenditure)
17,746
1,001
(12,827)
1,312
7,232




 Note
s
Unrestricted
funds
£
Designated
funds
£
Restricted
funds
£
Endowment
funds
£
2020 Total
funds
£
INCOME
Donations and legacies
2
90,518
-
10,226
-
100,744
Charitable Activities: Church
3
14,765
-
-
-
14,765
Other trading activities
4
25,435
-
-
-
25,435
Investments
5
192
363
6,300
-
6,855





Total income and endowments
130,910
363
16,526
-
147,799





EXPENDITURE
Costs of raising funds
Fundraising
6
912
-
54
-
966
Trading Activities
6
651
-
-
-
651
Expenditure on Charitable
Activities: Church
7
111,601
-
29,299
-
140,900





Total expenditure
113,164
-
29,353
-
142,517
(Losses)/Gains on investments
-
638
-
1,312
1,950





Net income/(expenditure)
17,746
1,001
(12,827)
1,312
7,232




 Note
s
Unrestricted
funds
£
Designated
funds
£
Restricted
funds
£
Endowment
funds
£
2020 Total
funds
£
INCOME
Donations and legacies
2
90,518
-
10,226
-
100,744
Charitable Activities: Church
3
14,765
-
-
-
14,765
Other trading activities
4
25,435
-
-
-
25,435
Investments
5
192
363
6,300
-
6,855





Total income and endowments
130,910
363
16,526
-
147,799





EXPENDITURE
Costs of raising funds
Fundraising
6
912
-
54
-
966
Trading Activities
6
651
-
-
-
651
Expenditure on Charitable
Activities: Church
7
111,601
-
29,299
-
140,900





Total expenditure
113,164
-
29,353
-
142,517
(Losses)/Gains on investments
-
638
-
1,312
1,950





Net income/(expenditure)
17,746
1,001
(12,827)
1,312
7,232




 Note
s
Unrestricted
funds
£
Designated
funds
£
Restricted
funds
£
Endowment
funds
£
2020 Total
funds
£
INCOME
Donations and legacies
2
90,518
-
10,226
-
100,744
Charitable Activities: Church
3
14,765
-
-
-
14,765
Other trading activities
4
25,435
-
-
-
25,435
Investments
5
192
363
6,300
-
6,855





Total income and endowments
130,910
363
16,526
-
147,799





EXPENDITURE
Costs of raising funds
Fundraising
6
912
-
54
-
966
Trading Activities
6
651
-
-
-
651
Expenditure on Charitable
Activities: Church
7
111,601
-
29,299
-
140,900





Total expenditure
113,164
-
29,353
-
142,517
(Losses)/Gains on investments
-
638
-
1,312
1,950





Net income/(expenditure)
17,746
1,001
(12,827)
1,312
7,232
90,518
14,765
25,435
192

130,910

912
651
111,601

113,164
-

17,746
 -
10,226
-
-
-
-
363
6,300


363
16,526


-
54
-
-
-
29,299


-
29,353
638
-


1,001
(12,827)

 -
-
-
-

-

-
-
-

-
1,312

1,312
 100,744
14,765
25,435
6,855
_ _
147,799
_ _
966
651
140,900
_ _
142,517
1,950
_ _
7,232

20