REGISTERED CHARITY NUMBER: 1129390
Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 December 2021
for
WARGRAVE WITH KNOWL HILL PCC
Paul Worthington ACMA ACA ATT CTA Unit 4, City Limits Danehill Reading RG6 4UP
WARGRAVE WITH KNOWL HILL PCC
Contents of the Financial Statements for the year ended 31 December 2021
| Page | |
|---|---|
| Report of the Trustees | 1 to 5 |
| Independent Examiner's Report | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the Financial Statements | 9 to 21 |
| Detailed Statement of Financial Activities | 22 to 23 |
WARGRAVE WITH KNOWL HILL PCC
Report of the Trustees for the year ended 31 December 2021
The Parochial Church Council
Is constituted according to The PCC (Powers) Measure 1956, and The Church Representation Rules (Amendment) Resolution 2009 as authorised by the Synodical Government Measure 1969. Its financial operation is in accordance with the Church Accounting Regulations 2006, which define the relationship to the requirements of the Charities Act. It is Registered Charity No 1129390.
It has the responsibility of co-operating with the incumbent in promoting in the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. It also has maintenance responsibilities for the two Churches, Mission Hall and associated buildings.
Page 1
WARGRAVE WITH KNOWL HILL PCC
Report of the Trustees for the year ended 31 December 2021
Objectives and activities Membership and Committees Membership
Members of the PCC are ex officio, elected by the Annual Parochial Church Meeting, or co-opted by the PCC, in accordance with the Church Representation Rules. The PCC is chaired by the Incumbent. Incumbent: The Revd. John Cook Curates The Revd. Richard Eves The Revd. Steve Turville
After the Annual Meeting on 4 July 2021, the following served as members of the PCC ("K" denotes a person elected by the parishioners of St. Peter's Knowl Hill, "W" a person elected by the parishioners of St. Mary's Wargrave).
Churchwardens: K Mrs Sandra Baker W Mr Ian Matthews W Dr Mark Puddy
Representatives on the Deanery Synod W Mrs Sue Griffiths W Mrs Christine Walker W Mrs Sheila Williams (Secretary)
Elected Lay Members of the PCC W Mr Peter Mayes W Mr Mike Buckland (i/c Stewarding) W Mrs Helen Gradon W Mr Doug Clark W Mrs Rosie Creedon (i/c Gathering) W Mr Andy Ferguson (i/c Communicating) K Mrs Karen Larkins W Ms Karen Lloyd W Mrs Sarah Whiteside W Mrs Jane Wills (Treasurer) W Mrs Susan Witney
Co-opted Members of the PCC None at this time
At the Annual Parochial Church Council meeting, Mr Richard Lloyd, Mr Robert Austen, Mrs Linda Caradine and Mrs Lesley Turville resigned from the PCC.
Committees
Administration of the Parish continued to be focused through 8 Callings of God and Ministry Areas. These are: -
-
Gathering – Focusing on our time together to learn from God’s word, pray and worship.
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Nurturing – Helping people to develop their faith.
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Caring – Helping people through life events – Weddings, Baptisms and Funerals, as well as home and hospital visits and community service.
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Celebrating – Not only in our weekly worship but in our fellowship and social events together.
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Reaching – All about making connections with the community.
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Supporting – All admin and resource areas of our functioning Church.
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Stewarding – Caring for our Church buildings, graveyards, and land, with a view to sustainability.
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Communicating” – Activities, events, and news within our Church and with our wider community.
The Mission Team, supporting out of Parish and overseas Mission, and the Eco-Church Team are both still stand alone teams.
Page 2
Report of the Trustees for the year ended 31 December 2021
WARGRAVE WITH KNOWL HILL PCC
Achievement and performance Review of the Year 2021
Curates - The Revd. Hugh Barne moved to Cornwall in June 2021. The Revd. Steve Turville was licensed as Assistant Minister in June. The Revd Richard Eves joined as a new curate in July 2021.
Church Membership - In 2021 the Electoral Roll has decreased by 1 and now stands at 251 names - 230 from Wargrave and 21 from Knowl Hill. Until lockdown our attendance was similar to previous year in relation to adults and children, and now we have new folk attending our churches, but some have slipped away which reflects the trend across the Church of England and other voluntary organisations..
The PCC met 7 times during the year with an average attendance of 90% ,1 in Hannen Room,1 in church,1 by e-mail, and 4 by Zoom Committees), Ministry & CoGs Teams met between meetings, and reports of their activities were received by the full PCC for their recommendations to be discussed and acted upon.
Much voluntary work on the buildings and grounds has kept costs to a minimum. The detached Churchyard extensions of both Churches are now being mostly maintained by additional support from their local communities, both financially and with volunteer labour.
The audio/visual system has continued to provide a very positive benefit in developing our services – enabling screen displays for hymns and information during services and the recording and filming of services and events
Financial review
The year's Financial Accounts show that a surplus of £12,655 was recorded on unrestricted income and expenditure. Stewardhsip income held steady in the year. Other income also held steady, although the mix from different sources showed increases in fees from funerals and weddings as these opened up again, and a slowdown in the unrestricted donations which were high during the early part of 2020 in first lockdown. Restricted income was also greater in 2021 with higher fees collected on behalf of the Diocese, and more donations to other restricted funds.
Unrestricted expenditure in the increased by around £4,610 (3%) due to a general rise in church running costs. These included the higher utility costs and an increase in the Parish Share contributions to the Diocese. Restricted expenditure was similar to 2020, concentrating mainly on fees paid to the Diocese and work on the chalkpit maintenance. As a result of these movements, there was a net income in excess of expenditure of £5,160 on restricted funds. As a result restricted funds held at the year-end were £56,238 compared to £51,078 at the end of 2020, whilst unrestricted reserves stood at £121,839 at the end of 2021 compared to £109,184 at the end of 2020.
The PCC's policy is to invest any surplus cash in the Central Board of Finance deposit fund. Endowment funds are invested in the COIF or CBF Investment Funds managed by CCLA Investment Management Ltd on behalf of the Trustees. Unrestricted balances are either designated for use against future repairs or used to smooth income fluctuations and are on deposit or in working capital.
Page 3
WARGRAVE WITH KNOWL HILL PCC
Report of the Trustees for the year ended 31 December 2021
Structure, governance and management
The Parish Health and Safety Policy continues to operate so that for all significant areas of activity, risk assessments are undertaken and monitored.
A Safeguarding Policy is in place, for work with children and young people and vulnerable adults as well. This is reviewed at each PCC .All volunteers with children and young people are recruited in accordance with Church of England/Diocesan guidelines. Safeguarding guidelines have been adopted in our recruitment procedures for employees. We are indebted to Lesley Turville for her work in this area.
A GDPR Policy and team is now also in place and working well delivering all the necessary elements of the new legislation. St. Mary's continues to support several external causes with the Mission Ministry Team providing information, and coordinating prayer and financial support. Tearfund, Yeldall Christian Ministries, London City Mission, and Faith Christian Group and CCA , both of which are in Reading and are the most notable causes. Support was also given to 2 congregation members undertaking evangelistic and training projects with Youth with a Mission and , and the other who we support has joined Wycliffe Bible Translators and is serving in Central Asia.
Mid-week activities flourish around the parish, with Home Groups meeting regularly for prayer, study and fellowship, some of which now meet in the new Church Centre, in homes and also via Zoom during lockdown. A number of Courses and Talks have been arranged and been very well attended.. Under the auspices of the CoG's Caring Team, a growing number of Services and Holy Communion have been held at retirement homes and for the housebound until lockdown.
The work of our Sunday Club, Pathfinders and Youth Group has continued as best it can under lockdown, but it has been incredibly challenging to maintain previous momentum.
The Knowl Hill Strategy Team under the leadership of the Churchwarden has continued to build on working with the Village Association on social events and on making the Church an accessible place with special services, such as Village Praise on the first and third Sunday of every month providing a focus. The church boilers have been replaced, and the plan is to undertake as soon as possible necessary repairs and further improve the church building.
We have now created 2 new roles in the office which focus on administration, and communication. The first is headed up by Lucy Bowley who started in April 2020 and Rosalyn Lane Heath who started in July 2020 but is currently on maternity leave. Katie Blades has joined the administrative team to bolster capacity and efficiency in the short term.
Jane Wills was re-appointed as Treasurer and continues to provide the PCC with regular accounts and valued reports.
The Parish Magazine in full colour, along with its availability on the Website, continues to be well received and continues to bring in a profit.
Peter Dart as Director of Music continues to plan and lead the musical worship of the main morning Services at St. Mary’s and assisted by Rosie Creedon and Ian French have created musical content for use in our online services since March 2020. The new 9.15 am family service has benefited from Lis Hobden’s musical gifts, and has given a musical impetus to our work with young families and children.
The Parish Roadmap which was established in 2009 continues to act as the overall strategic plan under a new vision for the church to be “A church at the heart of our community” and the Parish Teams are undertaking to carry out a number of fresh initiatives to re-vitalise and grow the work towards its long-term objectives as we emerge from the pandemic.
We can be grateful for the continued financial giving, which means amidst challenges we have a small financial surplus. With all the pressure created because of the pandemic our churches have continued to provide ‘worship’, to reach out evangelistically, to teach and to provide pastoral care.
Page 4
Report of the Trustees for the year ended 31 December 2021
WARGRAVE WITH KNOWL HILL PCC
Registered Charity number 1129390
Principal address The Parish Office Mill Green Wargrave Reading Berkshire RG10 8EU
Trustees
For trustees information please see Membership section above.
Independent Examiner
Paul Worthington ACMA ACA ATT CTA Unit 4, City Limits Danehill Reading RG6 4UP
Approved by order of the board of trustees on 21 March 2022 and signed on its behalf by:
Rev J Cook - Trustee
Page 5
Independent Examiner's Report to the Trustees of Wargrave with Knowl Hill PCC
Independent examiner's report to the trustees of Wargrave with Knowl Hill PCC
I report to the charity trustees on my examination of the accounts of Wargrave with Knowl Hill PCC (the Trust) for the year ended 31 December 2021.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Paul Worthington ACMA ACA ATT CTA Unit 4, City Limits Danehill Reading RG6 4UP
Date: 21 March 2022
Page 6
WARGRAVE WITH KNOWL HILL PCC
Statement of Financial Activities for the year ended 31 December 2021
| Unrestricted Restricted Endowment funds funds funds Notes £ £ £ Income and endowments from Donations and legacies 147,224 13,774 - Other trading activities 2 24,011 8,501 - Investment income 3 120 - 10,375 Total 171,355 22,275 10,375 Expenditure on Raising funds 890 - - Church activities Church Activities 156,810 18,115 10,375 Fundraising - - - Total 157,700 18,115 10,375 NET INCOME 13,655 4,160 - Transfers between funds 13 (1,000) 1,000 - Other recognised gains/(losses) Gains on revaluation of fixed assets - - 33,950 Net movement in funds 12,655 5,160 33,950 Reconciliation of funds Total funds brought forward 109,184 51,078 237,358 Total funds carried forward 121,839 56,238 271,308 |
2021 Total funds £ 160,998 32,512 10,495 204,005 890 185,300 - 186,190 17,815 - 33,950 51,765 397,620 449,385 |
2020 Total funds £ 157,549 22,138 10,635 190,322 687 182,261 179 183,127 7,195 - 15,754 22,949 374,671 397,620 |
|---|---|---|
The notes form part of these financial statements
Page 7
WARGRAVE WITH KNOWL HILL PCC
Balance Sheet
31 December 2021
| Notes Fixed assets Tangible assets 7 Investments 8 Current assets Debtors 9 Cash at bank Creditors Amounts falling due within one year 10 Net current assets Total assets less current liabilities NET ASSETS Funds 13 Unrestricted funds Restricted funds Endowment funds Total funds |
2021 £ 2,015 271,308 273,323 24,851 217,583 242,434 (66,372) 176,062 449,385 449,385 121,839 56,238 271,308 449,385 |
2020 £ 2,439 237,358 239,797 17,696 208,611 226,307 (68,484) 157,823 397,620 397,620 109,184 51,078 237,358 397,620 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 21 March 2022 and were signed on its behalf by:
Rev J Cook - Trustee
Mrs J Wills - Trustee
The notes form part of these financial statements
Page 8
WARGRAVE WITH KNOWL HILL PCC
Notes to the Financial Statements for the year ended 31 December 2021
1. Accounting policies
Basis of preparing the financial statements
The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 together with the Charities SORP (FRS102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2016)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011.
The financial statements have been prepared under the historical cost convention with the exception of Investments which are included at market value.
The financial statements include all transactions, assets and liabilities for which the PCC is responsible by law. They do not include the accounts of church groups that owe their main affiliation to another body, nor those that are informal gatherings of church members.
Financial reporting standard 102 - reduced disclosure exemptions
The charity has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
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the requirements of Section 7 Statement of Cash Flows;
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the requirement of paragraph 3.17(d);
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the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c).
Income
Voluntary income and capital sources:-
Collections are recognised when received by or on behalf of the PCC. Planned giving receivable under covenant or pledge is recognised only when received. Tax recoverable on Gift Aid donations is recognised in the period in which the qualifying donations are received. Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement, the amount due is quantifiable and its ultimate receipt by the PCC is reasonably certain.
.
Other income:-
Rental income from the letting of church premises is recognised when the rental is due. Funds raised by church social events and other activities and from the sale of books and magazines are accounted for gross.
Dividends and interest are accounted for when received.
Gains and losses on investments:-Unrealised gains or losses are accounted for on revaluation of investments at 31 December 2021
Donated goods and gifts in kind are measured at fair value (the amount for which the asset could be exchanged) unless impractical to do so.
Expenditure
Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding or constructive obligation on the PCC. The diocesan parish share is accounted for when due. Any parish share unpaid at 31 December is provided for in these financial statements as an operational (though not a legal) liability and is shown as a creditor in the balance sheet. Amounts received specifically for mission are dealt with as restricted funds. All other expenditure is generally recognised when there is a legal and constructive obligation to pay out resources, and the amount can be measured with reasonable certainty. The value of any voluntary help received is not included in the accounts but is described as appropriate in the trustees' annual report.
Tangible fixed assets
Consecrated and beneficed property of any kind is not included in the accounts in accordance with section 10(2)(a) of the Charities Act 2011. 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, which can be inspected (at any reasonable time). For inalienable property acquired prior to 2003 there is insufficient cost information and therefore such assets are not valued in the financial statements.
Page 9
WARGRAVE WITH KNOWL HILL PCC
Notes to the Financial Statements - continued for the year ended 31 December 2021
1. Accounting policies - continued
Tangible fixed assets
Equipment used within the church premises is depreciated on a straight-line basis over the estimated useful life of the asset where the asset is readily identifiable as separate to the buildings or fabric thereof. Individual and separable items of equipment with a purchase price of £1,000 or less are written off when the asset is acquired.
Investments, COIF shares and UK stocks & shares are valued at market value at 31 December 2021
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Value added tax
The Charity is not registered for VAT and accordingly, where applicable, all costs and expenditure incurred are accounted for inclusive of VAT.
2. Other trading activities
| Other trading activities | ||
|---|---|---|
| Fundraising events Income from room lettings Parish Magazine Fees Sundry income Investment income Dividends Deposit account interest |
2021 £ 2,489 2,218 6,834 17,922 3,049 32,512 2021 £ 10,375 120 10,495 |
2020 £ 2,091 964 7,331 11,346 406 |
| 22,138 | ||
| 2020 £ 10,021 614 |
||
| 10,635 |
3. Investment income
4. Trustees' remuneration and benefits
Payments to incumbent, PCC members and related parties
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Payments in respect of services as a verger or AV operator | 0 | 175 |
| Reimbursed expenses paid to PCC members | 8,512 | 9,404 |
| Magazine production and other printing costs - paid to company connected | ||
| to PCC member | 7,198 | 5,297 |
A small immaterial portion of the expenses paid to the incumbent may have related to his services as chairman of the PCC.
No payments other then those identified above were paid to any other PCC member, persons closely connected to them or related parties.
Page 10
WARGRAVE WITH KNOWL HILL PCC
Notes to the Financial Statements - continued for the year ended 31 December 2021
4. Trustees' remuneration and benefits - continued
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2021 nor for the year ended 31 December 2020.
5. Staff costs
During the year the PCC employed two part time parish administrators.
There is also a director of music / organist, who was appointed in 2011, but who does not draw a salary.
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Administration | 11,875 | 10,971 |
| Organist | 0 | 0 |
| Employers national insurance | 0 | 230 |
| Pension contributions | 0 | 0 |
| --------- | ------------ | |
| Total | 11,875 | 11,201 |
| ===== | -====== |
The average monthly number of employees during the year was as follows:
| 2021 | 2020 | |
|---|---|---|
| Administrative staff | 2 | 2 |
No employees received emoluments in excess of £60,000.
6. Comparatives for the statement of financial activities
| Unrestricted Restricted Endowment funds funds funds £ £ £ Income and endowments from Donations and legacies 151,148 6,401 - Other trading activities 17,590 4,548 - Investment income 614 - 10,021 Total 169,352 10,949 10,021 Expenditure on Raising funds 687 - - Church activities Church Activities 152,424 19,816 10,021 Fundraising 179 - - Total 153,290 19,816 10,021 NET INCOME/(EXPENDITURE) 16,062 (8,867) - Transfers between funds (2,122) 2,122 - NET INCOME/(EXPENDITURE) 13,940 (6,745) - |
Total funds £ 157,549 22,138 10,635 190,322 687 182,261 179 183,127 7,195 - 7,195 |
|---|---|
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WARGRAVE WITH KNOWL HILL PCC
Notes to the Financial Statements - continued for the year ended 31 December 2021
6. Comparatives for the statement of financial activities - continued
| Unrestricted Restricted Endowment funds funds funds Other recognised gains/(losses) £ £ £ Gains on revaluation of fixed assets - - 15,754 Net movement in funds 13,940 (6,745) 15,754 Reconciliation of funds Total funds brought forward 95,244 57,823 221,604 Total funds carried forward 109,184 51,078 237,358 |
Total funds £ 15,754 |
|---|---|
| 22,949 374,671 |
|
| 397,620 |
7. Tangible fixed assets
| Plant and | |
|---|---|
| machinery | |
| £ | |
| Cost | |
| At 1 January 2021 and 31 December 2021 | 6,245 |
| Depreciation | |
| At 1 January 2021 | 3,806 |
| Charge for year | 424 |
| At 31 December 2021 | 4,230 |
| Net book value | |
| At 31 December 2021 | 2,015 |
| At 31 December 2020 | 2,439 |
8. Fixed asset investments
Investments consist of the following:
| Valuation at 31 | Valuation at 31 | Unrealised |
|
|---|---|---|---|
| December 2021 | December | gain/(loss for | |
| 2020 | year ) | ||
| In the CBF Church of England Investment Fund.11,402 | |||
| units (Original cost £16,643) | 267,010 | 233,594 | 33,416 |
| COIF share - 209 shares | 4,298 | 3,764 | 534 |
| ----------------- | --------------- | ------------- | |
| Total investment at valuation | 271,308 | 237,358 | 33,950 |
| ======== | ======= | ====== |
Endowments
Certain of the endowments are in the name of the vicar and churchwardens. They are all permanent which precludes the PCC having any rights over capital. They have been included in these accounts in order to complete the records of the funds available to the church. The endowment funds consist of the following:-
Number of units inCBF Investment Application of income from Fund designation Fund trustsrestricted in trust document:For the provision of a curate in Hare 983 Hatch
Hare Hatch - Young's trust
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WARGRAVE WITH KNOWL HILL PCC
Notes to the Financial Statements - continued for the year ended 31 December 2021
8. Fixed asset investments - continued
| For the provision of a curate in | ||
|---|---|---|
| Gurowska trust | 8956 | Crazies Hill |
| Old churchyard | 388 | For the upkeep of the old churchyard |
| For the upkeep of the chalk-pit | ||
| New cemetery | 211 | cemetery |
| Chancel repair fund | 96 | For chancel repairs |
| For the repair and upkeep of the | ||
| Sansom / Sharp legacies | 768 | church |
The Whiting trust is represented by 114 shares in the Charities Official Investment Fund. In the trust document one half of the income may be applied to support the choir and one half applied to chancel repairs.
The LC Wigneys charity at St Peter's is represented by 95 shares in the Charities Official Investment Fund. The income can be used for the work of the Church of England at Knowl Hill.
Other investments
The following investments are held for the PCC by either the Oxford Diocesan Board of Finance or Diocesan Trustees (Oxford) Limited. The capital is not available to the PCC and is not therefore shown in the balance sheet. The income from these trusts, except for the Woodclyffe Hall, is restricted to specific purposes as set out in the trust document and has been applied as follows:
| Hare Hatch - mission room: | For the work of the Church of | England at Hare Hatch |
|---|---|---|
| St John’s Cottage: | For any ecclesiastical purpose in the parish | |
| Bond bequest: | For the upkeep of the old churchyard | |
| Hare Hatch - Young’s benefaction: | For the work of the Church of | England at Hare Hatch |
| Woodclyffe Hall - sale proceeds: | For any ecclesiastical purpose in the parish - (unrestricted | |
| Number of units inCBF | Market value 31 December | |
| Investment Fund | 2021 | |
| £ | £ | |
| Hare Hatch - mission room: | 554 | 12,974 |
| St John’s Cottage: | 1,850 | 43,323 |
| Bond bequest: | 208 | 4,871 |
| Hare Hatch - Young’s benefaction: | 3,258 |
76,296 |
There are also the following further investments where neither the capital nor the income is directly available to the PCC and therefore form no part of the accounts. The custodian trustee is the Oxford Diocesan Board of Finance.
| Number of units inCBF | Market value 31 December | |
|---|---|---|
| Investment Fund | 2021 | |
| £ | £ | |
| Woodclyffe Almshouses | 3,519 | 82,408 |
| Woodclyffe Hostel | 1,782 |
41,731 |
| Crazies Hill Hall | 3,279 |
76,788 |
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WARGRAVE WITH KNOWL HILL PCC
Notes to the Financial Statements - continued for the year ended 31 December 2021
9. Debtors: amounts falling due within one year
| Debtors: amounts falling due within one year | ||
|---|---|---|
| Income tax recoverable Other debtors Prepayments and accrued income |
2021 £ 15,765 5,752 3,334 24,851 |
2020 £ 10,844 3,588 3,264 |
| 17,696 |
Debtors all relate to unrestricted funds except for an amount of £nil income tax recoverable (2020 - £75) in respect of donations for restricted funds.
10. Creditors: amounts falling due within one year
| Other creditors | 2021 £ 66,372 66,372 |
2020 £ 68,484 68,484 |
|---|---|---|
Included in other creditors are short term loans of £45,000 (2020- £45,000) at the end of 2021 represent 9 (2019: 11) equal loans of £5,000 made i by members of the congregation and the PCC to assist in the funding of the final stages of the 21C project in the construction of the St Mary's Church Centre.
These loans are repayable on demand, and are interest free, with final redemption being guaranteed as being no later than the end of 2022. At the year end no redemption requests had been received.
11. Loans
An analysis of the maturity of loans is given below:
| Amounts falling due within one year on demand: Other loans |
2021 £ 45,000 45,000 |
2020 £ 45,000 |
|---|---|---|
| 45,000 |
12. Analysis of net assets between funds
| Unrestricted Restricted Endowment funds funds funds £ £ £ Fixed assets - 2,015 - Investments - - 271,308 Current assets 188,211 54,223 - Current liabilities (66,372) - - 121,839 56,238 271,308 |
2021 Total funds £ 2,015 271,308 242,434 (66,372) 449,385 |
2020 Total funds £ 2,439 237,358 226,382 (68,559) 397,620 |
|---|---|---|
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WARGRAVE WITH KNOWL HILL PCC
Notes to the Financial Statements - continued for the year ended 31 December 2021
13. Movement in funds
| Net Transfers movement between At 1/1/21 in funds funds £ £ £ Unrestricted funds General fund 109,184 13,655 (1,000) Restricted funds Youth Work 235 751 - Churchyard and chalkpit maintenance 5,361 3,585 1,000 Mill Green upkeep 7,217 (670) - Church restoration - St Peter's 37,720 394 - Organ - restricted 70 - - St Peter's Churchyard restricted fund 475 100 - 51,078 4,160 1,000 Endowment funds Hare Hatch - Young's Trust 20,139 2,881 - Gurwoska Trust 183,483 26,248 - Old Churchyard 7,949 1,137 - New Cemetery 4,322 618 - Chancel Repair Fund 1,967 281 - Whiting Trust 2,053 291 - Sansom/Sharp Legacies 15,734 2,251 - LC Wigneys Fund - St Peter's 1,711 243 - 237,358 33,950 - TOTAL FUNDS 397,620 51,765 - |
At 31/12/21 £ 121,839 986 9,946 6,547 38,114 70 575 56,238 23,020 209,731 9,086 4,940 2,248 2,344 17,985 1,954 271,308 449,385 |
|---|---|
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WARGRAVE WITH KNOWL HILL PCC
Notes to the Financial Statements - continued for the year ended 31 December 2021
13. Movement in funds - continued
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Gains and | Movement | |
|---|---|---|---|---|
| resources | expended | losses | in funds | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 171,355 | (157,700) | - | 13,655 |
| Restricted funds | ||||
| Youth Work | 970 | (219) | - | 751 |
| Churchyard and chalkpit maintenance | 5,625 | (2,040) | - | 3,585 |
| Mill Green upkeep | ||||
| 113 | (783) | - | (670) | |
| Church restoration - St Peter's | ||||
| 938 | (544) | - | 394 | |
| Diocesan fees | ||||
| 8,501 | (8,501) | - | - | |
| Special Collections | 5,308 | (5,308) | - | - |
| St Peter's Churchyard restricted fund | 100 | - | - | 100 |
| Other Restricted repairs | 720 | (720) | - | - |
| 22,275 | (18,115) | - | 4,160 | |
| Endowment funds | ||||
| Hare Hatch - Young's Trust | ||||
| 584 | (584) | 2,881 | 2,881 | |
| Gurwoska Trust | ||||
| 5,323 | (5,323) | 26,248 | 26,248 | |
| Old Churchyard | 231 | (231) | 1,137 | 1,137 |
| New Cemetery | 125 | (125) | 618 | 618 |
| Chancel Repair Fund | 57 | (57) | 281 | 281 |
| Whiting Trust | 60 | (60) | 291 | 291 |
| Sansom/Sharp Legacies | 456 | (456) | 2,251 | 2,251 |
| Hare Hatch - Mission room | 329 | (329) | - | - |
| St John's Cottage | 1,100 | (1,100) | - | - |
| Bond Bequest | 124 | (124) | - | - |
| Hare Hatch Young's Benefaction | 1,936 | (1,936) | - | - |
| LC Wigneys Fund - St Peter's | 50 | (50) | 243 | 243 |
| 10,375 | (10,375) | 33,950 | 33,950 | |
| TOTAL FUNDS | 204,005 | (186,190) | 33,950 | 51,765 |
Page 16
WARGRAVE WITH KNOWL HILL PCC
Notes to the Financial Statements - continued for the year ended 31 December 2021
13. Movement in funds - continued
Comparatives for movement in funds
| Net Transfers movement between At 1/1/20 in funds funds £ £ £ Unrestricted funds General fund 95,244 16,062 (2,122) Restricted funds Easter Lillies 36 (36) - 21C Project - (1,122) 1,122 Youth Work - 235 - Churchyard and chalkpit maintenance 4,563 (202) 1,000 Mill Green upkeep 6,678 539 - Church restoration - St Peter's 46,126 (8,406) - Organ - restricted 70 - - St Peter's Churchyard restricted fund 350 125 - 57,823 (8,867) 2,122 Endowment funds Hare Hatch - Young's Trust 18,801 1,338 - Gurwoska Trust 171,292 12,191 - Old Churchyard 7,421 528 - New Cemetery 4,035 287 - Chancel Repair Fund 1,836 131 - Whiting Trust 1,925 128 - Sansom/Sharp Legacies 14,689 1,045 - LC Wigneys Fund - St Peter's 1,605 106 - 221,604 15,754 - TOTAL FUNDS 374,671 22,949 - |
At 31/12/20 £ 109,184 - - 235 5,361 7,217 37,720 70 475 51,078 20,139 183,483 7,949 4,322 1,967 2,053 15,734 1,711 237,358 397,620 |
|---|---|
Page 17
WARGRAVE WITH KNOWL HILL PCC
Notes to the Financial Statements - continued for the year ended 31 December 2021
13. Movement in funds - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Gains and | Movement | |
|---|---|---|---|---|
| resources | expended | losses | in funds | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 169,352 | (153,290) | - | 16,062 |
| Restricted funds | ||||
| Easter Lillies | - | (36) | - | (36) |
| 21C Project | 913 | (2,035) | - | (1,122) |
| Youth Work | 602 | (367) | - | 235 |
| Churchyard and chalkpit maintenance | 1,848 | (2,050) | - | (202) |
| Mill Green upkeep | ||||
| 963 | (424) | - | 539 | |
| Church restoration - St Peter's | ||||
| - | (8,406) | - | (8,406) | |
| Diocesan fees | ||||
| 4,548 | (4,548) | - | - | |
| St Peter's Churchyard restricted fund | 125 | - | - | 125 |
| Other Restricted repairs | 1,950 | (1,950) | - | - |
| 10,949 | (19,816) | - | (8,867) | |
| Endowment funds | ||||
| Hare Hatch - Young's Trust | ||||
| 564 | (564) | 1,338 | 1,338 | |
| Gurwoska Trust | ||||
| 5,140 | (5,140) | 12,191 | 12,191 | |
| Old Churchyard | 223 | (223) | 528 | 528 |
| New Cemetery | 121 | (121) | 287 | 287 |
| Chancel Repair Fund | 55 | (55) | 131 | 131 |
| Whiting Trust | 59 | (59) | 128 | 128 |
| Sansom/Sharp Legacies | 441 | (441) | 1,045 | 1,045 |
| Hare Hatch - Mission room | 318 | (318) | - | - |
| St John's Cottage | 1,062 | (1,062) | - | - |
| Bond Bequest | 119 | (119) | - | - |
| Hare Hatch Young's Benefaction | 1,870 | (1,870) | - | - |
| LC Wigneys Fund - St Peter's | 49 | (49) | 106 | 106 |
| 10,021 | (10,021) | 15,754 | 15,754 | |
| TOTAL FUNDS | 190,322 | (183,127) | 15,754 | 22,949 |
Page 18
Notes to the Financial Statements - continued for the year ended 31 December 2021
WARGRAVE WITH KNOWL HILL PCC
13. Movement in funds - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Net Transfers movement between At 1/1/20 in funds funds £ £ £ Unrestricted funds General fund 95,244 29,717 (3,122) Restricted funds Easter Lillies 36 (36) - 21C Project - (1,122) 1,122 Youth Work - 986 - Churchyard and chalkpit maintenance 4,563 3,383 2,000 Mill Green upkeep 6,678 (131) - Church restoration - St Peter's 46,126 (8,012) - Organ - restricted 70 - - St Peter's Churchyard restricted fund 350 225 - 57,823 (4,707) 3,122 Endowment funds Hare Hatch - Young's Trust 18,801 4,219 - Gurwoska Trust 171,292 38,439 - Old Churchyard 7,421 1,665 - New Cemetery 4,035 905 - Chancel Repair Fund 1,836 412 - Whiting Trust 1,925 419 - Sansom/Sharp Legacies 14,689 3,296 - LC Wigneys Fund - St Peter's 1,605 349 - 221,604 49,704 - TOTAL FUNDS 374,671 74,714 - |
At 31/12/21 £ 121,839 - - 986 9,946 6,547 38,114 70 575 56,238 23,020 209,731 9,086 4,940 2,248 2,344 17,985 1,954 271,308 449,385 |
|---|---|
Page 19
WARGRAVE WITH KNOWL HILL PCC
Notes to the Financial Statements - continued for the year ended 31 December 2021
13. Movement in funds - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Gains and | Movement | |
|---|---|---|---|---|
| resources | expended | losses | in funds | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 340,707 | (310,990) | - | 29,717 |
| Restricted funds | ||||
| Easter Lillies | - | (36) | - | (36) |
| 21C Project | 913 | (2,035) | - | (1,122) |
| Youth Work | 1,572 | (586) | - | 986 |
| Churchyard and chalkpit maintenance | 7,473 | (4,090) | - | 3,383 |
| Mill Green upkeep | ||||
| 1,076 | (1,207) | - | (131) | |
| Church restoration - St Peter's | ||||
| 938 | (8,950) | - | (8,012) | |
| Diocesan fees | ||||
| 13,049 | (13,049) | - | - | |
| Special Collections | 5,308 | (5,308) | - | - |
| St Peter's Churchyard restricted fund | 225 | - | - | 225 |
| Other Restricted repairs | 2,670 | (2,670) | - | - |
| 33,224 | (37,931) | - | (4,707) | |
| Endowment funds | ||||
| Hare Hatch - Young's Trust | ||||
| 1,148 | (1,148) | 4,219 | 4,219 | |
| Gurwoska Trust | ||||
| 10,463 | (10,463) | 38,439 | 38,439 | |
| Old Churchyard | 454 | (454) | 1,665 | 1,665 |
| New Cemetery | 246 | (246) | 905 | 905 |
| Chancel Repair Fund | 112 | (112) | 412 | 412 |
| Whiting Trust | 119 | (119) | 419 | 419 |
| Sansom/Sharp Legacies | 897 | (897) | 3,296 | 3,296 |
| Hare Hatch - Mission room | 647 | (647) | - | - |
| St John's Cottage | 2,162 | (2,162) | - | - |
| Bond Bequest | 243 | (243) | - | - |
| Hare Hatch Young's Benefaction | 3,806 | (3,806) | - | - |
| LC Wigneys Fund - St Peter's | 99 | (99) | 349 | 349 |
| 20,396 | (20,396) | 49,704 | 49,704 | |
| TOTAL FUNDS | 394,327 | (369,317) | 49,704 | 74,714 |
Page 20
Notes to the Financial Statements - continued for the year ended 31 December 2021
WARGRAVE WITH KNOWL HILL PCC
13. Movement in funds - continued
Designated funds
Included within the balance of general funds is an amount of £13,316 (2019 - £13,316) designated by the PCC for specific works. The movement on the designated funds in the year is as follows:-
| Net movement | |||
|---|---|---|---|
| in funds | |||
| At 1/1/21 | At 31/12/21 | ||
| £ | £ | £ | |
| Building repairs - St Mary's | 4,255 | - | 4,255 |
| Organ repairs - St Mary's | 9,061 | - | 9061 |
| ------------ | ------------ | ------------ | |
| 13,316 | - | 13,316 | |
| ------------ | ------------ | ------------ |
14. Related party disclosures
Unrestricted donations totalling £21,921 (2019 - £35,584) were received from PCC members in the year
There were no related party transactions other than those referred to in note 4 to the financial statements.
15. Mission of the church
Charitable giving comprise donations from general funds and special collections passed onto charities and other agencies.
| 2020 | 2019 | |
|---|---|---|
| £ | £ | |
| London City Mission | - | 250 |
| Yeldall Christian Centre | 1,500 | 1,500 |
| Faith Christian Group - Reading | 1,500 | 1,750 |
| TearFund | 1,000 | 250 |
| Wycliffe Bible Translators | 2,000 | - |
| Re-Inspired | - | 250 |
| Toilet Twinning | - | 245 |
| Wargrave Parish Trust | 150 | 150 |
| A Rocha - EcoChurch | 200 | - |
| Element of payments relating to prior year Mission provision | (6,350) | (4,395) |
| Funds not awarded at year end | 12,617 | 7,257 |
| ----------- | ------------ | |
| Total | 12,617 | 7,257 |
| ====== | ====== | |
| Special collections, specific fund raising & donations passed on in the year:- | ||
| 2019 | 2019 | |
| £ | £ | |
| Royal British Legion | 82 | 122 |
| London City Mission | 0 | 1,278 |
| Other - including funeral collections passed to funeral directors | 5,226 | 1,808 |
| ---------- | ------------ | |
| 5,.308 | 3,219 | |
| ====== | ====== |
Special collections, specific fund raising & donations passed on in the year:-
In addition an amount including gift aid of £8,475 (2020 - £7,425) was collected, in an agent capacity, for the work of YWAM (Youth With A Mission). This was paid direct to the charity.
Page 21
WARGRAVE WITH KNOWL HILL PCC
Detailed Statement of Financial Activities for the year ended 31 December 2021
| Income and endowments Donations and legacies Planned giving Collections Donations Legacies Other trading activities Fundraising events Income from room lettings Parish Magazine Fees Sundry income Investment income Dividends Deposit account interest Total incoming resources Expenditure Raising donations and legacies Fundraising activities Short leasehold Church activities Wages and social security Mission and charitable giving Diocesan parish share Clergy expenses,services,music Fees paid to diocese Parish Magazine Church maintenance Churchyard and cemetery costs Mill Green maintenance Hannen Room costs 21C Project costs Youth groups Office expenses Insurance Light, heat and water Health and safety Flowers Carried forward |
2021 £ 124,536 13,344 20,793 2,325 160,998 2,489 2,218 6,834 17,922 3,049 32,512 10,375 120 10,495 204,005 890 - 890 11,875 11,657 89,393 21,345 8,501 4,642 7,856 3,714 359 3,220 - 219 4,934 9,379 6,387 90 225 183,796 |
2020 £ 123,732 6,295 27,522 - 157,549 2,091 964 7,331 11,346 406 22,138 10,021 614 10,635 190,322 598 89 687 11,201 7,257 87,168 18,119 4,548 5,069 18,707 2,513 - 1,162 2,035 367 7,269 9,735 5,254 293 60 180,757 |
|---|---|---|
This page does not form part of the statutory financial statements
Page 22
WARGRAVE WITH KNOWL HILL PCC
Detailed Statement of Financial Activities for the year ended 31 December 2021
| Church activities Brought forward Depreciation Support costs Governance costs Examiners fees Total resources expended Net income |
2021 £ 183,796 424 184,220 1,080 186,190 17,815 |
2020 £ 180,757 603 181,360 1,080 183,127 7,195 |
|---|---|---|
This page does not form part of the statutory financial statements
Page 23