## **HOLY TRINITY CHURCH, PRESTWOOD**
## STATUTORY ACCOUNTS
FOR THE YEAR ENDED 31st December 2021
## Page
2 HON TREASURER'S REPORT 3-8 RECEIPTS & PAYMENTS (All Funds) 9 STATEMENT OF ASSETS & LIABILITIES 10-11 NOTES TO THE FINANCIAL STATEMENTS 12 INDEPENDENT EXAMINER'S REPORT
for the year ended
## **HOLY TRINITY CHURCH, PRESTWOOD**
TREASURER'S REPORT
31st December 2021
## **MISSION GIVING / CHARITABLE COLLECTIONS**
Since 2010 the policy regarding Charitable collections has been focused on specific cause appeals. In 2021 the Lent Appeal again supported African Village Support.
This charity aims to help local people in rural villages in Eastern Uganda to improve the quality of their lives. Holy Trinity sent the charity £4285.
The receipts and payments relating to this are included in Other Income and Other Expenses.
The gross Parish Share in 2021 was £62000. Of this, £50000 represents our share of a stipendiary minister including housing, pension etc. The remaining £12,000 supported parishes in other parts of the diocese that cannot meet their costs of ministry. In 2021, this element of mutual support was 8% of our total income.
In December 2021 we held our usual 3 Christingle Services, but with numbers restricted by the pandemic. We still succeeded in raising £500 for The Childrens Society. This money has been forwarded to the charity in January 2022 and does not appear in the accounts. We are holding £231.55 on behalf of Prestwood-on-Sea. Both of these are listed in the Statement of Assets & Liabilities within Creditors, as Agency collections, since the money is not ours. We are only holding the money as an agent.
## **GENERAL FUND AND OTHER FUNDS**
In 2021 £3,000 has been transferred from the General Fund to the Peters Close Fund to pay for costs charged directly to that fund.
The Ashes Garden Memorial Wall was installed in 2021 at a total cost of £21000. There is a balance of £3164 remaining to meet future costs.This has now been transferred to the Repair Fund and the Ashes Fund has been closed.
A summary Statement of Financial Activity is as follows
|General Fund
Legacy Fund
Repair Fund
Peters Close Fund
Social Funds & Fees Fund
Ashes Fund
***** Less income/expenditure between funds
TOTALS|Income
Expenditure
Surfeit/deficit
Transfers
Surfeit/deficit
of income over
after transfers
expenditure|
|---|---|
||135056
130609
4448
-3000
1448
4402
6766
-2364
0
-2364
0
394
-394
3164
2770
0
3171
-3171
3000
-171
11229
11332
-103
0
-103
7693
15660
-7967
-3164
-11131
-5568
-5568|
||152812
162363
-9551
0
-9551|
***** This adjustment arises because of transactions between the Social Funds, Fees Fund and the General Fund which would otherwise have the effect of overstating total income and expenditure by £5568.
Details of the individual funds are shown on pages 3-8.
## _**There may be minor discrepancies in the totals if the pence are not being shown.**_
## **FINANCIAL ADMINISTRATION**
I wish to thank Caroline Eastman for helping to count money received and Anna Young for managing
the fees account. I would like to thank the Finance Committee for all their support and guidance.
Gill Bicknell Hon. Treasurer
Page 2
## Holy Trinity Prestwood - 1129233 Receipts and payments Selected period: 01 January 2021 to 31 December 2021
||From|01 January 2021|01 January 2020|
|---|---|---|---|
|_Note_|To|31 December 2021|31 December 2020|
|General - General fund (Unrestricted) Fund Incoming resources and Resources used||||
|Receipts||||
|Incoming resources from generated funds||||
|_Voluntary income (recurring)_||||
|Standing Orders||57,801|58,408|
|FWO Envelopes||1,695|1,268|
|Parish Giving Scheme||3,402|2,509|
|Standing Order (NGA)||6,807|6,582|
|FWO Envelopes (NGA)||514|496|
|Income Tax Recovered||16,443|16,642|
||_Total Voluntary income (recurring)_|_86,662_|_85,906_|
|_Voluntary income (non-recurring)_||||
|Gift Aided Cash Collection||2,016|1,192|
|Cash Collection||3,783|2,303|
|Donations||4,297|2,977|
|Goodbox donations||1,377|—|
|Grants||3,000|—|
||_Total Voluntary income (non-recurring)_|_14,472_|_6,472_|
|_Activities for generating funds_||||
|Fundraising Events||1,923|1,548|
|Burial Fees (Statutory)||306|305|
|Funeral Fees (Statutory)||910|453|
|Other ie. Memorials & Internments Fees||1,622|1,361|
|Weddings Fees (Statutory)||399|185|
|Occ offices non-stat income||1,481|875|
|Baptism donations||400|85|
|Pre-school Rent||—|2,911|
|Church bookings||3,549|2,128|
|Cottage bookings||2,177|1,191|
|Hall bookings||6,787|5,512|
|Marquee bookings||772|238|
|Trinity Herald||—|80|
|Recharge from Bucks CC (annexe)||—|1,989|
|Pre-School Recharge (cottage)||—|457|
|Other Income||6,078|558|
|200 Club Subscriptions||2,970|3,240|
||_Total Activities for generating funds_|_29,375_|_23,116_|
|_Investment income_||||
|Bank Interest||127|212|
||_Total Investment income_|_127_|_212_|
|Incoming resources from charitable activities||||
|"Making Lunch" project||977|369|
|_Total Incoming resources from charitable activities_||_977_|_369_|
|Other incoming resources||||
|Great Hampden Recharges||3,444|4,115|
||_Total Other incoming resources_|_3,444_|_4,115_|
|Total receipts||135,056|120,190|
_There may be minor discrepancies in the totals if the pence are not being shown_
Page 3
|From
To
_Note_|01 January 2021
01 January 2020
31 December 2021
31 December 2020|
|---|---|
|Fundraising
Office Administrator's Salary
Marketing Manager's salary
Family Support Worker's salary
Organist - Sunday morning & festivals
Musical Development
Additional Musicans
Musical Resources
Music - Occasional offices
Caretaker's salary
Clergy Costs
Rector's Expenses
Associate Priest's Expenses
Marketing Manager's expenses
Family Support Worker's expenses
Photocopier Lease
Internet & phone
Equipment - Hall
Equipment - Cottage
Equipment - Church & Ch. yard
Communion Supplies
Other Church Supplies
Flowers
Printing & Stationery
Family Support Resources
Education Resources
Bank Charges
Other Expenses
200 Club winnings
_Total Cost of generating funds_
_Premises Overheads_
Grounds Maintenance
Buildings Maintenance - Hall
Buildings Maintenance - Cottage
Buildings Maintenance - Church
Buildings - cleaning
Buildings Insurance
Utilities - Hall
Utilities - Cottage
"Making Lunch" project
_Total Charitable activities_
Diocesan Share
_Total Governance costs_
Payments
Cost of generating funds
Charitable activities
_Total Premises Overheads_
Utilities - Church
Governance costs
Total payments|86
30
8,875
10,664
6,490
4,465
13,033
12,240
1,610
690
633
1,369
209
46
579
867
605
190
690
210
492
744
590
858
834
1,206
—
466
529
—
1,872
1,872
783
759
—
47
—
14
135
249
389
337
196
448
490
130
978
777
1,452
1,419
32
7
91
67
6,341
2,183
994
1,088
_49,008_
_43,439_
1,626
1,136
1,581
2,261
815
1,537
2,279
978
2,799
1,140
3,970
4,422
2,149
2,752
1,019
883
977
369
_977_
_369_
61,380
61,380
_61,380_
_61,380_
_19,244_
_17,685_
3,006
2,576
130,609
122,874|
_There may be minor discrepancies in the totals if the pence are not being shown_
Page 4
||From|01 January 2021|01 January 2020|
|---|---|---|---|
|_Note_|To|31 December 2021|31 December 2020|
|Excess of Incoming resources over Resources used||4,448|(2,684)|
|Brought forward balance||6,813|12,497|
|Transfer to Peters Close Fund||(3,000)|(3,000)|
|Total carried forward balance||8,261|6,813|
|air - Church Premises Repair Fund (Designated)|Fund Incoming resources and Resources used|||
|Receipts||||
|Incoming resources from generated funds||||
|_Activities for generating funds_||||
|Other Income||—|7,100|
||_Total Activities for generating funds_|_—_|_7,100_|
|Total receipts||—|7,100|
|Payments||||
|Cost of generating funds||||
|_Premises Overheads_||||
|Grounds Maintenance||—|640|
|Buildings Maintenance - Hall||394|830|
|Buildings Maintenance - Cottage||—|2,814|
||_Total Premises Overheads_|_394_|_4,284_|
|Total payments||394|4,284|
|Excess of Incoming resources over Resources used||(394)|2,816|
|Brought forward balance||32,349|29,533|
|Transfer from Ashes Fund||3,164|—|
|Total carried forward balance||35,119|32,349|
|erscl - Peters Close Fund (Designated) Fund Incoming resources and Resources used||||
|Payments||||
|Cost of generating funds||||
|_Premises Overheads_||||
|Peters Close Costs||3,171|3,209|
||_Total Premises Overheads_|_3,171_|_3,209_|
|Total payments||3,171|3,209|
|Excess of Incoming resources over Resources used||(3,171)|(3,209)|
|Brought forward balance||12,947|13,156|
|Transfer from General Fund||3,000|3,000|
|Total carried forward balance||12,776|12,947|
## Repair - Church Premises Repair Fund (Designated) Fund Incoming resources and Resources used
Peterscl - Peters Close Fund (Designated) Fund Incoming resources and Resources used
_There may be minor discrepancies in the totals if the pence are not being shown_
Page 5
From 01 January 2021 01 January 2020 To 31 December 2021 31 December 2020
_Note_
Ashes - Ashes Garden Fund (Designated) Fund Incoming resources and Resources used
|_Voluntary income (non-recurring)_
Donations
Receipts
Transfer to Repair Fund
Excess of Incoming resources over Resources used
Incoming resources from generated funds
_Voluntary income (recurring)_
Income Tax Recovered
_Total Voluntary income (recurring)_
Stonemason's charges
_Total Cost of generating funds_
_Total Voluntary income (non-recurring)_
Total receipts
Payments
Total payments
Brought forward balance
Total carried forward balance|525
1,663|
|---|---|
||_525_
_1,663_
7,168
11,558|
||_7,168_
_11,558_|
||7,693
13,220
15,660
5,280|
||_15,660_
_5,280_|
||15,660
5,280|
||11,130
3,190
(7,967)
7,940
(3,164)
—|
||—
11,130|
Legacy - Legacy Fund (Designated) Fund Incoming resources and Resources used
|egacy Fund (Designated) Fund Incoming resources and Resources used||
|---|---|
|Incoming resources from generated funds
_Voluntary income (recurring)_
Receipts
_Total Voluntary income (non-recurring)_
_Investment income_
Total payments
Excess of Incoming resources over Resources used
Brought forward balance
Income Tax Recovered
_Voluntary income (non-recurring)_
Donations
Bequests
_Total Voluntary income (recurring)_
Bank Interest
Total receipts
Payments
_Total Investment income_
Grounds Maintenance
_Total Cost of generating funds_
Equipment - Church & Ch. yard
Total carried forward balance|—
2,513|
||—
9,880
3,933
—
_—_
_2,513_|
||_3,933_
_9,880_
469
1,183|
||_469_
_1,183_|
||989
5,638
4,402
13,575
5,777
—|
||_6,766_
_5,638_|
||6,766
5,638|
||(2,364)
7,937
110,045
102,108|
||110,045
107,682|
_There may be minor discrepancies in the totals if the pence are not being shown_
Page 6
From 01 January 2021 01 January 2020 To 31 December 2021 31 December 2020
_Note_
## Search - SEARCH Fund (Designated) Fund Incoming resources and Resources used
|_Activities for generating funds_
Funds from Hospitality
Excess of Incoming resources over Resources used
Brought forward balance
Receipts
Incoming resources from generated funds
Payments
Cost of generating funds
_Cost of generating voluntary income_
_Total Activities for generating funds_
Total receipts
Hospitality
_Total Cost of generating voluntary income_
Total payments
Total carried forward balance|—
320|
|---|---|
||_—_
_320_|
||—
320
47
398|
||_47_
_398_|
||47
398|
||(47)
(78)
222
300|
||222
175|
Coffee - Coffee Fund (Designated) Fund Incoming resources and Resources used
|_Total Cost of generating funds_
_Total Charitable activities_
_Cost of generating voluntary income_
Hospitality
_Total Cost of generating voluntary income_
Charitable activities
Contribution to PCC fundraising
Total carried forward balance
_Activities for generating funds_
Coffee
Receipts
Incoming resources from generated funds
_Total Activities for generating funds_
Payments
Cost of generating funds
Other Expenses
Total receipts
Total payments
Brought forward balance
Excess of Incoming resources over Resources used|175
85|
|---|---|
||_175_
_85_|
||85
100
—
175|
||_100_
_—_
100
—|
||_100_
_—_
60
—|
||_60_
_—_|
||260
—|
||285
200
(85)
85|
||200
285|
_There may be minor discrepancies in the totals if the pence are not being shown_
Page 7
||From|01 January 2021|01 January 2020|
|---|---|---|---|
|_Note_|To|31 December 2021|31 December 2020|
Fees - Fees Fund (Designated) Fund Incoming resources and Resources used
|Receipts|||
|---|---|---|
|Other incoming resources|||
|PCC element of Fees income|6,210|3,693|
|Minister element of Fee income|3,469|3,711|
|Verger element of Fee income|740|400|
|Musician element of Fees income|635|190|
|_Total Other incoming resources_|_11,054_|_7,994_|
|Total receipts|11,054|7,994|
|Payments|||
|Other resources used|||
|PCC element of Fees expense|5,508|5,883|
|Minister element of Fees expense|4,132|3,893|
|Verger element of Fees expense|760|280|
|Musician element of Fees expense|625|190|
|_Total Other resources used_|_11,025_|_10,246_|
|Total payments|11,025|10,246|
|Excess of Incoming resources over Resources used|29|(2,252)|
|Brought forward balance|2,853|5,105|
|Total carried forward balance|2,882|2,853|
|Property Fund (Designated) Fund Incoming resources and Resources used|||
|Brought forward balance|31,536|31,536|
|Total carried forward balance|31,536|31,536|
Property - Property Fund (Designated) Fund Incoming resources and Resources used
_There may be minor discrepancies in the totals if the pence are not being shown_
Page 8
## Holy Trinity Prestwood PCC
## Statement of Assets and liabilities Period: 01 January 2021 to 31 December 2021 compared to 2020
|From:
To:|01 January 2021
01 January 2020
31 December 2021
31 December 2020|
|---|---|
|CASH FUNDS
TSB current account
TSB deposit account
TSB second current account
TSB second deposit account
Barclays Bank 200 club account
Barclays Bank church current account
CBF deposit fund
Petty cash
Investments:-
Skipton
Shawbrook
SEARCH account
Coffee account
Fees Barclays Bank account
DEBTORS
Deposits pending
CURRENT ASSETS
CREDITORS
Suppliers & expenses
Agency collections
.
CURRENT NET ASSETS
OTHER ASSETS
Freehold properties at cost
TOTAL NET ASSETS
.
FUNDS
General Fund
Page 3-5
Repair Fund
Page 5
Peters Close Fund
Page 5
Ashes Fund
Page 6
Legacy Fund
Page 6
SEARCH
Page 7
Coffee Fund
Page 7
Fees Fund
Page 8
FIXED ASSETS
Property Fund
Page 8
TOTAL FUNDS
AGENCY COLLECTIONS
The Children's Society
Prestwood on Sea|1769
2157
2384
7320
2124
0
356
5360
1482
2673
830
722
0
500
7
1
72947
72911
83463
83030
175
222
200
285
2882
2853
168619
178034
180
168799
178034
973
1158
732
232
1705
1390
167094
176644
31536
31536
198630
208180
8261
6813
35119
32349
12776
12947
0
11130
107682
110045
175
222
200
285
2882
2853
167095
176644
31536
31536
198631
208180
500
232
232
732
232|
_**There may be minor discrepancies in the totals if the pence are not being shown**_
Page 9
## **HOLY TRINITY CHURCH, PRESTWOOD**
**NOTES TO THE FINANCIAL STATEMENTS** for the year ended 31st December 2021
## **ACCOUNTING POLICIES**
The financial statements of the PCC have been prepared in accordance with the Church Accounting Regulations 1997 together with the applicable accounting standards and the Charities SORP.
## **Funds**
General Funds represent the funds of the PCC that are not subject to any restriction regarding their use and are available for application on the general purpose of the PCC. Funds designated for a specific purpose by the PCC are still classified as unrestricted under Charity Commission guidelines.
## **Incoming resources**
- Voluntary giving & Capital sources
Planned giving is recognised only when received.
Income tax recoverable on Gift Aid donations is recognised only when the claim has been agreed by the Inspector of Taxes. Collections are recognised when received by or on behalf of the PCC.
- Other ordinary income Magazine advertising revenue is allocated to the issue in which the advertisement appears.
- Grants and legacies to the PCC are accounted for when the money is received.
- - Income from investments
Interest and dividends are accounted for when received.
## **Resources used**
- Grants Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC.
## **Fixed Assets**
- Consecrated land & buildings & movable church furnishings Consecrated and beneficed property is excluded from the accounts by s.96(2)(a) of the Charities Act 1993.
No value is placed on movable church furnishings held by the churchwardens on special trust to the PCC and which require a faculty for disposal since the PCC considers this to be inalienable property.
All expenditure incurred during the year on consecrated or beneficed buildings and movable church furnishings, whether maintenance or improvement, is written off as expenditure and separately disclosed. - Other fixtures, fittings and office equipment Equipment used within the church premises is written off in the year of purchase. - Investments Investments are valued at market value at 31 December.
Equipment used within the church premises is written off in the year of purchase.
## **Current Assets**
Short term deposits include cash held either with the CBF Church of England Funds or at the bank.
Page10
## **HOLY TRINITY CHURCH, PRESTWOOD**
**NOTES TO THE FINANCIAL STATEMENTS**
|||
|---|---|
|**NOTES TO THE FINANCIAL STATEMENTS**
for the year ended
**SETS USED BY THE PCC**
Freehold land and buildings
BOOK VALUE
Church Hall and adjoining land.
Cottage: 131st December 2021
28 Peters Close
HISTORICAL COST at 1 Jan 96 and 31 Dec 21|31 December 2021
£
500
1,000
30,036|
||31,536|
## **FIXED ASSETS USED BY THE PCC**
No market value of the Church Hall or Cottage is given because these specialised church buildings are not expected to be sold in the foreseeable future.
The current market value of 28 Peters Close is estimated to be in excess of £440,000.
## **FUND DETAILS**
UNRESTRICTED and RESTRICTED FUNDS
These funds are summarised on Pages 3-8
## ENDOWMENT FUNDS
The Endowment Funds comprised:
|No. of
Year
units
Churchyard maintenance
(A) Permanent endowments
M A Bankes Price
1946
44
Hildreth Benefactions
1949
24
(B) Endowment
H P Hooper
1923
112
Church Flowers
Endowment
Miss Rance Fund
1967
35
Dividends paid
Churchyard maintenance
Flowers|COIF Investment Fund
Market value
Market value
31/12/2021
31/12/2020
£
790
431
2,013
629
0
3,863
47
93
9
18|
|---|---|
These Endowment Funds were set up in the distant past as individual investments with CCLA but had never been included in the Accounts.
To regularise the accounts these investments have been realised and the proceeds credited to the Legacy Fund.
Page11
## **Independent Examiner’s report to the PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY PRESTWOOD (“PCC”)**
I report on the attached accounts of the PCC for the year ended 31st December 2021, which are set out on pages 1 to 11.
## **Respective responsibilities of trustees and examiner**
As charity trustees, the members of the PCC are responsible for the preparation of the accounts. The members of the PCC consider that an audit is not required.
It is my responsibility to:-
- Examine the accounts under section 145 of the 2011 Act;
- Follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
- State whether particular matters have come to my attention.
## **Basis of independent examiner’s report**
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the PCC and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below.
## **Independent examiner's statement**
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.
Lyn Williams Chartered Accountant Ringwood Kiln Road Prestwood, Bucks HP16 9DH
Page12