Annual Report of the Parochial Church Council of St Peter and St Paul, Great Missenden for the year ended 31 December 2021
Administrative Information
The parish comprises the churches of St Peter and St Paul, Great Missenden, St Mary’s Ballinger, and the Church at Little Hampden. It also acts as the managing trustees of the Oldham Hall, a registered charity (1063630), which owns this parish hall.
The parish office is at 102-104 High Street, Great Missenden, Bucks, HP16 0BE (Tel: 01494 862352).
The Parochial Church Council (the PCC) is a registered charity (1129874), registered with the Charity Commission.
The members of the PCC who served from 1 January 2021 until this report was approved are:
Chairman: David Harris Licensed Lay Minister Emeritus: Patricia Neale
Churchwardens: Positions Vacant. A small team of Former Wardens and PCC members cover relevant work required, and meet regularly.
Representative on the Deanery Synod: Sue O’Farrell Elected Members: Christopher Figg, Margaret Gordon, David Harris [Chairman ], Philippa Howells, Katherine Shuster, Sally Clark, Guy Priestley, Helen Biggerstaff, Wendy Harris,
Laurence Clark, Jamie Gairdner, Sue O’Farrell, John Jeapes, Christopher Nickless, Rosemary Ladd [Secretary], Brenda Harris. Graeme Petrie-Brown, Stephen Tanno. Members who resigned during the year: Rev’d Canon Rosie Harper, Elizabeth Wormell Structure, Governance and Management
The PCC members are elected in accordance with the Church Representation Rules. Regular worshippers are encouraged to register on the electoral roll.
Objectives and Activities
The PCC is in Inter-Regnum pro tem , and is responsible for cooperating with the vicar [when appointed] and clergy to promote the whole mission of the Church in the Parish, and for managing the Oldham Hall.
Achievements and Performance
This is set out in detail in the ensuing sections of the annual report
Financial Review
This is also set out in the annual report. The annual accounts form part of the annual report.
Reserves Policy
It is the policy of the PCC to maintain a balance on unrestricted funds that equates to 6 months expenditure to cover emergency situations that may arise from time to time. However, it has not been possible to adhere to this policy every year because of the pressures on income and expenditure, especially the parish share. 6 months expenditure is approximately £60,000/£65,000. Overall liquid funds of the Parish at 31[st] December 2021 amounted to £243,421.[ 2020 £231,836]. See Notes 10 & 16 to the Accounts. However, £199,815 [2020£199,940] funds are restricted.
Serious Incidents
There were no serious incidents.
Approved by the PCC on 13th March 2022, and signed on their behalf by:
David Harris (Chairman)
BALANCE SHEET AS AT 31 DECEMBER 2021
Parish of Great Missenden with Ballinger and Little Hampden
| FIXED ASSETS Note Freehold property Piano 7 Lighting System 7 Accounting & Office Systems 7 CCTV 7 Sound System 7 Camera Streaming System 7 INVESTMENT ASSETS 11 CURRENT ASSETS Debtors 8 Short-term deposits 16 Charibonds and Charifunds 16 Cash at Bank and In Hand 16 LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR 9 NET CURRENT ASSETS Intra-parish balances NET ASSETS FUNDS Unrestricted Restricted 10 Endowment 11 TOTAL FUNDS |
2021 2020 1 1 1 962 255 789 1 1 3,537 6,047 5,327 6,359 9,122 14,159 22,174 19,866 16,988 21,797 0 25,000 60,000 60,000 183,421 146,836 260,409 253,633 -14,345 -12,020 246,064 241,613 -6,367 612 270,993 276,250 49,004 56,444 199,815 199,940 22,174 19,866 270,993 276,250 Churches |
2021 2020 1 1 1 1 21,085 18,596 0 0 0 0 0 0 773 6,647 773 6,647 -305 -527 468 6,120 6,367 -612 27,921 24,105 0 6,836 5,509 21,085 18,596 27,921 24,105 Oldham Hall |
2021 2020 1 1 1 1 1 962 255 789 1 1 3,537 6,047 5,327 6,359 9,123 14,160 43,259 38,462 16,988 21,797 0 25,000 60,000 60,000 184,194 153,482 261,182 260,279 -14,650 -12,547 246,532 247,733 0 0 298,914 300,355 49,004 56,444 206,651 205,449 43,259 38,462 298,914 300,355 CONSOLIDATED FUNDS |
2021 2020 1 1 1 1 1 962 255 789 1 1 3,537 6,047 5,327 6,359 9,123 14,160 43,259 38,462 16,988 21,797 0 25,000 60,000 60,000 184,194 153,482 261,182 260,279 -14,650 -12,547 246,532 247,733 0 0 298,914 300,355 49,004 56,444 206,651 205,449 43,259 38,462 298,914 300,355 CONSOLIDATED FUNDS |
|---|---|---|---|---|
| 14,160 38,462 21,797 25,000 60,000 153,482 |
||||
| 260,279 -12,547 247,733 0 |
||||
| 300,355 | ||||
| 56,444 205,449 38,462 |
||||
| 300,355 |
Approved by the Parochial Church Council on 13th March 2022 and signed on its behalf by:
David Harris (Chairman)
Mike O'Farrell [Finance]
Parish of Great Missenden with Ballinger and Little Hampden
Statement of Financial Activities
| Statement of Financial Activities | |||
|---|---|---|---|
| for the year ended 31 December 2021 Incoming Resources Note Incoming resources from donors 2a Income from operating activities 2b Income from investments 2c Other ordinary incoming resources 2d Grant from the Oldham Hall 2e Total Incoming Resources Resources Used Grants 3a Activities directly related to the work of the church 3b Fund-raising and publicity 3c Church management and administration 3d Total Resources Used Net Incoming /(Outgoing) Resources Prior year adjustment Net movement in funds Balances brought forward at 1 January Balances carried forward at 31December |
Church | ||
| Unrestricted Restricted 83,082 2,640 12,206 0 3,335 4,231 204 103,058 2,640 0 95,717 2,766 1,473 13,309 110,499 2,766 -7,441 -126 -7,441 -126 56,445 199,941 49,004 199,815 2021 |
Unrestricted Restricted 121,866 3,478 2,258 0 3,023 1,590 463 129,200 3,478 251 103,341 15,209 78 9,548 113,218 15,209 15,982 -11,731 15,982 -11,731 40,463 211,672 56,445 199,941 2020 |
||
| 3,478 | |||
| 15,209 | |||
| 15,209 | |||
| -11,731 -11,731 211,672 |
|||
| 199,941 |
Parish of Great Missenden with Ballinger and Little Hampden
Form of Accounts
These accounts comprise the consolidated accounts of three churches in the parish of Great Missenden and the Oldham Hall charity (the Oldham Hall), a charity under the control of the PCC who are the managing trustees. Separate Oldham Hall accounts have been prepared.
Gains and Losses on Investments
Realised gains or losses are recognised when investments are sold. Unrealised gains or losses are accounted for on revaluation of investments as at 31 December.
Resources Used
To account for the activities of the whole parish, separate and consolidated balance sheets are included; the income and expenditure for the Oldham Hall have not been consolidated but shown by way of note (12).
1. Accounting Policies
Grants
Grants and donations are accounted for when paid over or when an amount is set aside pending imminent payment.
Fixed Assets
Consecrated Land and Buildings and movable church furnishings
The financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individual accounts of PCCs, and the statement of recommended practice applicable to charities preparing accounts in accordance with the Financial Reporting Standard for Smaller Entities published on 16th July 2014.
The financial statements have been prepared under the historical cost convention except for the valuation of investment assets, which are shown at market value.
Consecrated and benefice property of any kind is excluded from the financial statements by Section 10(2)(a) and (c ) of the Charities Act 2011.
Movable church furnishings held by the Vicar and Church Wardens on special trust for the PCC, and which require a faculty for disposal, are accounted for as inalienable property unless consecrated. They are inspected annually by the Deanery. For inalienable property acquired prior to January 2000 there is insufficient cost information available and therefore such assets are not valued in the accounts. No such property has been acquired since January 2000.
Funds
Endowment funds are funds, the capital of which must be retained; only the income arising may be used - either for the restricted or unrestricted purpose for which the endowment was established. Restricted funds, which may be capital or income funds, are funds that are subject to specific wishes from a donor at the time of the gift or the terms of a public appeal.
Unrestricted funds are general funds which can be used by the PCC for general purposes, and may include funds that have been designated by the PCC for particular purposes.
All expenditure incurred in the year on consecrated or beneficed buildings, individual items under £1,000 or the repair of removable church furnishings acquired before January 2000 is written off.
Freehold Property
The property of the Oldham Hall is included in the Balance Sheet at the nominal value of £1 as the cost and effort of obtaining a valuation is not justified for the purposes of any additional clarity or for the better understanding of these financial statements.
Incoming Resources
Voluntary income and Capital Sources
Collections are recognised when received by or on behalf of the PCC. Planned giving receivable is recognised only when received.
Other fixtures, fittings and office equipment
The Piano gifted in 2005 has been written off, and has a nominal value of £1.
The CCTV system (purchased halfway through 2013) has been written off and has a nominal value of £1 The sound system (purchased in 2013 and deck in 2018) is being written off over 10 years.
Income tax recoverable on Gift Aid donations is recognised when the income is recognised.
The accounting system software/laptop (purchased early 2016 and 2018) is being written off over 3 years, as is the laptop for the Office acquired in 2020.
Grants and Legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement and the amount due is quantifiable and its ultimate receipt by the PCC is reasonably certain. Funds raised by fund-raising events are accounted for gross as far as is notified by the organisers. Sales of books and magazines from the church book-stall are accounted for gross. Dividends are accounted for when due and payable. Interest entitlements are accounted for as they accrue.
Individual items of equipment with a purchase price of £1000 or less are written off when the asset is acquired.
The lighting system installed in 2017 has been written off and has a nominal value of £1
The newly installed camera system for livestreaming is being depreciated over 5 years from 2021
accounted for when due and payable.Interest entitlements are accounted for as they accrue.
Investments
Investments are valued at market value at 31st December 2021.
Notes p 1
Parish of Great Missenden with Ballinger and Little Hampden Statement of Financial Activities for the year ended 31 December 2021
| 2 Incoming Resources 2a Incoming resources from donors Bank Giro Credits Envelopes Donations & Good box & Website donations Bequests Income tax (to be) recovered Collection at all services Wallsafe 2b Income from operating activities Fees Less: Fees expended Cream Teas Other fundraising Bookstall Newsletter/magazine 2c Income from investments and deposits Investment income 2d Other ordinary incoming resources Miscellaneous 2e Grant from the Oldham Hall Total Incoming Resources |
Churches | |||
|---|---|---|---|---|
| Unrestricted 53,701 285 9,990 15,930 2,582 594 83,082 17,596 -11,764 3,512 2,686 176 12,206 3,335 3,335 4,231 4,231 204 103,058 2021 |
Restricted 2,570 70 2,640 0 0 0 2,640 |
Unrestricted 51,895 5,082 38,928 0 22,126 3,708 127 121,866 7,255 -5,268 0 140 131 2,258 3,023 3,023 1,590 1,590 463 129,200 2020 |
Restricted 1,820 50 1,608 |
|
| 3,478 | ||||
| 0 | ||||
| 0 | ||||
| 0 | ||||
| 3,478 | ||||
| Notes p 2 |
Parish of Great Missenden with Ballinger and Little Hampden Statement of Financial Activities for the year ended 31 December 2021
| 3 Resources Used 3a Grants Note Mission Giving 13 Charities (inc. Spec. Collections) 13 Donations 13 3b Activities directly related to the work of the Church Ministry Parish share Priest's expenses Assistant clergy Junior church Organists+Musical Director & Organ 5 Choir robes & Music Altar requisites Flowers Maintenance & Repairs, Cleaning Contributions re fabric from the Church Friends Churchyards Energy & Water Insurance Printing, Stationery & Postage Newsletter/Magazine Depreciation of Lighting Depreciation of Streaming System Depreciation of Accounting System Depreciation of Sound Deck Depreciation of Sound System Bookstall GM Vicarage Miscellaneous 3c Fundraising & Publicity Cream teas & other Fund Raising expenses 3d Church Management & Administration Office Rent & Expenses Administration, Telephones & IT 5 Total Resources used |
Churches | |||
|---|---|---|---|---|
| Unrestricted 0 66,387 238 132 6,165 62 4,764 2,391 5,261 5,628 1,998 534 454 116 96 1,491 95,717 1,473 1,473 328 12,981 13,309 110,499 2021 |
Restricted 0 476 60 317 -2,435 0 961 1,332 2,055 2,766 0 0 2,766 |
Unrestricted 251 251 75,000 1,498 649 6,260 225 36 2,444 2,707 4,992 5,630 1,752 260 534 454 47 853 103,341 78 78 9,548 9,548 113,218 2020 |
Restricted | |
| 0 | ||||
| 450 18 23,836 -12,112 962 0 2,055 |
||||
| 15,209 | ||||
| 0 | ||||
| 0 | ||||
| 15,209 | ||||
| Notes p 3 |
Parish of Great Missenden with Ballinger and Little Hampden Statement of Financial Activities
for the year ended 31 December 2021
| 4 5 6 8 |
Trustee Expenses 2021 Number of Trustees who were paid expenses 1 Nature of Expenses: Travel, course, clergy expenses £ Total amount paid 238 Related Party Transactions The only Charity Trustee who received remuneration from the charity was Wendy Harris, who received £6000 for her role as Church Organist. Investments The Gentle Bequest fund comprises 3077.68 units held in the Black Rock Charishare Fund, which is an Equity Fund. The Church Hall Charity (Oldham Hall) Fund comprises 1354.88 units held in the M&G Charifund, which is an Equity Fund. 2021 Debtors £ Income Tax Recovered Unrestricted 15,798 Restricted Sundry Unrestricted 1,190 Restricted 16,988 |
2020 7 3 £ 2,147 2020 £ 20,408 0 1,389 0 21,797 9 |
Fixed Assets Piano at historic cost Depreciation to date Lighting system at historic cost Depreciation to date Accounting & Office Systems Depreciation to date CCTV at historic cost Depreciation to date Sound System at historic cost Depreciation to date Camera Streaming System Depreciation to date Total Fixed Assets |
2021 £ 5,284 -5,283 1 4,810 -4,809 1 4,818 -4,563 255 2,695 -2,694 1 22,825 -19,288 |
2020 £ 5,284 -5,283 |
|---|---|---|---|---|---|
| 1 | |||||
| 4,810 -3,848 |
|||||
| 962 | |||||
| 4,818 -4,029 |
|||||
| 789 | |||||
| 2,695 -2,694 |
|||||
| 1 | |||||
| 22,825 -16,778 |
|||||
| 3,537 | 6,047 | ||||
| 6,659 -1,332 |
6,359 | ||||
| 5,327 | 6,359 | ||||
| 9,122 | 14,159 | ||||
| Liabilities | 2021 £ |
2020 £ |
|||
| Expense Creditors Charities - inc. special collections Oldham Hall [inc. in Expense Creditors] |
8,129 6,216 14,345 305 |
8,453 3,567 |
|||
| 12,020 | |||||
| 527 |
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Liabilities | ||
| Expense Creditors | 8,129 | 8,453 |
| Charities - inc. special collections | 6,216 | 3,567 |
| 14,345 | 12,020 | |
| Oldham Hall [inc. in Expense Creditors] | 305 | 527 |
The Income Tax refund was received on 28th February 2022.
Notes p 4
Parish of Great Missenden with Ballinger and Little Hampden Statement of Financial Activities for the year ended 31 December 2021
| **10 ** | Restricted Funds Watson Cottages Sale Proceeds Fabric Fund (see Note 14) Repair and Improvements Appeal Other watch here! Oldham Hall |
2021 £ 90,149 8,579 63,124 -161,852 0 6,836 6,836 |
2020 £ 90,149 5,304 64,457 40,030 |
|---|---|---|---|
| 199,940 5,509 |
|||
| 205,449 |
The principal Restricted Funds are to be used for:
| **11 ** | Endowments [Value at the end of the year] Gentle Bequest Church Hall Charity |
2021 £ 22,174 21,085 |
2020 £ |
|---|---|---|---|
| 19,866 | |||
| 18,596 |
The endowment funds are:
- (a) Gentle Bequest, of which the income is to be used for the
General purposes of Great Missenden and Parish Church
- (b) Church Hall Charity ( Oldham Hall) , of which the income is to be used for promoting the religious education of persons who are resident in the Ecclesiastical Parish of St Peter and St Paul, Great Missenden.
Watson Cottages funds may be used for a house
for a curate or caretaker or for any other ecclesiastical purpose in the Parish
Fabric Fund the improvement and maintenance
of St Peter & Paul Church.West end masonry work paid from here.
Repair and Improvements Appeal the funding of capital projects, some of which were identified in the 2010 Appeal literature
12 Oldham Hall
The income and expenditure of this is attached as part of this report package.
All transactions are separately identified, however, following the closure of TSB, Great Missenden, banking is carried out within the PCC bank accounts.
Notes p 5
Parish of Great Missenden with Ballinger and Little Hampden Statement of Financial Activities for the year ended 31 December 2021
| 13 Special Collections and Donations (Restricted) Home Mission and other Church Societies Childrens' Society Secular Charities Hope Secondary School [Bethlehem] Starlight re. Cards Chesham Sick Poor Fund Toilet Twinning A Rocha Abraham's Children in Crisis [ACIC] Wycombe Homeless Connection Old Tea Warehouse Wycombe Womens' Aid Wycombe Refugee Charity Total |
2021 £ 0 0 300 300 50 300 90 1,493 2,533 2,533 |
2020 £ 178 |
|---|---|---|
| 178 | ||
| 83 150 325 149 478 126 30 |
||
| 1,341 | ||
| 1,519 |
There are small donations of goods by parishioners each year, mainly to the Old Tea Warehouse. The value of these goods is neither valued nor reflected above.
There will be further payment to ACIC regarding the recipe books when further sales are possible.
14 Commitment under the Fabric Fund
There were circa £14000 commitments at 31st December 2021.
15 Donations
£600 has been donated by 'The Friends' and has offset the cost of certain ongoing maintenance.
| **16 ** | Churches- Deposits, Investments | , Bank and Cash | Balances | ||
|---|---|---|---|---|---|
| 2021 | 2021 | 2020 | 2020 | ||
| £ | £ | £ | £ | ||
| Virgin Money Deposit | 0 | 25,000 | |||
| see below | |||||
| Charibond | 30,000 | 30,000 | |||
| Charifund | 30,000 | 60,000 | 30,000 | 60,000 | |
| Bank Current/Deposits | 183,019 | 146,306 | |||
| Petty Cash and Floats | 402 | 183,421 | 530 | 146,836 | |
| Churches Liquid Funds | 243,421 | 231,836 | |||
| Charibond value 31-12-21 | £34,783 | [2020 £35,298] | |||
| Charifund value 31-12-20 | £33,823 | [2020 £29,832] | |||
| These values have not been reflected in the | |||||
| Balance Sheet as values can rise and fall daily. | |||||
| Income from these investments is reflected in the Accounts. |
The Virgin Money Deposit was closed during the year and the £25000 placed in a CAFBank deposit account reflected above.
Also see Note 9, Liabilities, where any such Special Collections and Donations not paid out at 31st December are held as Restricted Funds liability.
Notes p 6
Independent Examiner's Report to the PCC of the Parish of Great Missenden with Ballinger and Little Hampden
I report on the accounts for the year ended 31st December 2021,
which are set out on pages 1 to 8.
Respective responsibilities of the PCC and Independent Examiner
The PCC consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the management committee concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in a full audit, and consequently I do not express an audit opinion on the accounts.
Independent Examiner's Statement
In connection with my examination, no matters have come to my attention:
It is my responsibility to
-
examine the accounts under section 145 of the 2011 Act;
-
which give me reasonable cause to believe that in any material respect the requirements
-
follow the procedures laid down in the General Directions given by the Charity Commissioners section 145(5)(b) of the 2011 Act; and
-
to keep accounting records in accordance with s.130 of the 2011 Act; or
-
to prepare accounts which accord with these accounting records
-
state whether particular matters have come to my attention.
have not been met; or
Basis of Independent Examiner's Statement
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.
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
James Innes 17th March 2022
Great Missenden
Great Missenden Church Hall Charity
(operating as "The Oldham Hall"
Balance Sheet as at 31st December 2021
| Note Fixed Assets Freehold Property Investment Assets Current Assets Debtors Cash at Bank and in hand see note 12 PCC accounts Current Liabilities Net Current Assets Intra-Parish Balances Funds General Fund 1st January 2021 Net surplus/deficit for the year Maintenance Fund Endowment Fund |
2021 1 21,085 773 773 305 468 6,367 27,921 5,509 1,327 6,836 21,085 27,921 |
2020 |
|---|---|---|
| 1 18,596 6,647 |
||
| 6,647 527 |
||
| 6,120 -612 |
||
| 24,105 | ||
| 7,320 -1,811 |
||
| 5,509 18,596 |
||
| 24,105 |
| David Harris Chairman | James Innes FCA |
|---|---|
| For and on behlf of The Parochial Church Council of the | Independent Examiner |
| Ecclesiastical Parish of St Peter and St Paul, Great Missenden | |
| Managing Trustee of the Charity | 17th March 2022 |
Great Missenden Church Hall Charity
(operating as "The Oldham Hall"
Income and Expenditure Account- Year to 31st December 2021
| Hall Income Rental charges Donations Fund raising Net proceeds of refreshment sales - opening Hall costs Cleaning Light, Heat and Water Insurance Restoration, repairs, equipment and Fees Administration and Sundries Net Hall Income/(Deficit) Interest and Investment Income Grant from Watsons Cottages Grant to St Peter & Paul PCC Transfer from/to Maintenance Fund Net Surplus/(Deficit) for the Year |
Note 2021 7,916 7,916 2,262 1,944 5 941 1,382 60 6,589 1,327 634 1,961 -634 1,327 |
2020 |
|---|---|---|
| 5,399 | ||
| 5,399 2,262 2,460 1,079 1,309 100 |
||
| 7,210 | ||
| -1,811 438 |
||
| -1,373 -438 |
||
| -1,811 |
Great Missenden Church Hall Charity
(operating as "The Oldham Hall"
Notes to the Accounts
1 Accounting Policies
-
a Accounting Convention - these accounts have been prepared on the historical cost convention using the accruals basis to bring them in line with the accounting policies required under the Church Accounting Regulations 2006 together with applicable accounting standards and the Charities SORP 2005
-
b Freehold Property - the property of The Oldham Hall is included in the Balance Sheet at the nominal value of £1 as the cost and effort of obtaining a valuation is not justified for the purpose of any additional clarity or for the better understanding of these financial statements
-
c Investment Assets- Investment Assets are revalued at the end of the year using the closing mid-market valuation
-
d Maintenance Fund- the Maintenance Fund was established for the purpose of setting aside monies to meet future maintenance expenditure of a substantial nature. This has now been closed after extensive refurbishment of the Hall.
2 Freehold Property
| 2 Freehold Property | ||
|---|---|---|
| See note 1 3 Endowment Fund Balance 1st January Unrealised loss/profit for the year Balance 31st December 4 Intra Parish Balances Current Account with St Peter & St Paul This increase due to closing the Oldham Hall TSB account in January 2022 and funds transferred to the PCC CafBank Account in late 2021 and finally in early 2022 |
2021 1 2021 18,596 2,489 21,085 2021 6,367 6,367 |
2020 |
| 1 2020 |
||
| 22,500 -3,904 |
||
| 18,596 | ||
| 2020 | ||
| -612 | ||
| -612 | ||
5 Insurance
The Insurers [EIO] combined St Mary's Ballinger and Oldham Hall Insurance, and the Premium has been paid and charged within the overall Parish Church Accounts. The correct apportionment of the 2020 Premium has been reflected in the 2020 Accounts.