**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. - Nurturing – Helping people to develop their faith. - Caring – Helping people through life events – Weddings, Baptisms and Funerals, as well as home and hospital visits and community service. - Celebrating – Not only in our weekly worship but in our fellowship and social events together. - Reaching – All about making connections with the community. - Supporting – All admin and resource areas of our functioning Church. - Stewarding – Caring for our Church buildings, graveyards, and land, with a view to sustainability. - 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: 1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. 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': - the requirements of Section 7 Statement of Cash Flows; - the requirement of paragraph 3.17(d); - 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| |---|---| Page 11 ## **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 Page 12 **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**| Page 13 **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| |---|---|---| Page 14 ## **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| |---|---| Page 15 ## **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