2020-12-31-accounts

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United Parish of Church Oakley with Wootton St Lawrence

Financial Report for the Year Ended 31[st] December 2020

Charity Registration Number 1131064

Aggregate Statement of Financial Activities ........................................................................................... 3 Aggregate Accounts ................................................................................................................................ 4 Accounting Policies ................................................................................................................................. 5 Independent Examiner’s Report ............................................................................................................. 7 Notes to the Aggregate Financial Statements ........................................................................................ 8 PCC Balance Sheet ................................................................................................................................ 13 PCC Income and Expenditure Account ................................................................................................. 14 Notes to the PCC Accounts ................................................................................................................... 15 Centres Management Committee Account .......................................................................................... 19 Buildings Accounts ................................................................................................................................ 20 Fabric Fund ............................................................................................................................................ 22 St. Leonards Baby and Toddler Groups ................................................................................................. 23 St Leonard’s Pre School ......................................................................................................................... 24

Aggregate Statement of Financial Activities

FOR THE YEAR ENDING 31 DECEMBER 2020 Year 2020 Notes Unrestricted Restricted Endowment Total Total Funds Funds Funds 2020 2019 INCOMING RESOURCES £ £ £ £ £ Voluntary Income 2a 120396 43094 0 163490 171979 Activities for generating Income 2b 18756 3127 21883 34673 Investment activities 2c 86 891 0 977 798 Church Activities 2d 11995 81439 93434 75863 Transferred in 2e 3750 0 3750 13049 Investment Gains or Losses 2f 0 -1222 -1222 1003 TOTAL INCOMING RESOURCES 154983 127329 0 282312 297366 RESOURCES EXPENDED Church Activities 3a 131824 69216 0 201039 226798 Cost of Generating funds 3b 14765 3494 18260 27583 Cost of loan 70 70 189 Transferred out 3e 3750 0 3750 13049 TOTAL RESOURCES EXPENDED 150339 72780 0 223119 267620 NET MOVEMENTS IN FUNDS 4643 54549 0 59192 29746 Balances brought forward at 1st January 115536 944630 1138 1061304 1031536 Balances carried forward at 31st December 120180 999179 1138 1120497 1061282	FOR THE YEAR ENDING 31 DECEMBER 2020 Year 2020 Notes Unrestricted Restricted Endowment Total Total Funds Funds Funds 2020 2019 INCOMING RESOURCES £ £ £ £ £ Voluntary Income 2a 120396 43094 0 163490 171979 Activities for generating Income 2b 18756 3127 21883 34673 Investment activities 2c 86 891 0 977 798 Church Activities 2d 11995 81439 93434 75863 Transferred in 2e 3750 0 3750 13049 Investment Gains or Losses 2f 0 -1222 -1222 1003 TOTAL INCOMING RESOURCES 154983 127329 0 282312 297366 RESOURCES EXPENDED Church Activities 3a 131824 69216 0 201039 226798 Cost of Generating funds 3b 14765 3494 18260 27583 Cost of loan 70 70 189 Transferred out 3e 3750 0 3750 13049 TOTAL RESOURCES EXPENDED 150339 72780 0 223119 267620 NET MOVEMENTS IN FUNDS 4643 54549 0 59192 29746 Balances brought forward at 1st January 115536 944630 1138 1061304 1031536 Balances carried forward at 31st December 120180 999179 1138 1120497 1061282	FOR THE YEAR ENDING 31 DECEMBER 2020 Year 2020 Notes Unrestricted Restricted Endowment Total Total Funds Funds Funds 2020 2019 INCOMING RESOURCES £ £ £ £ £ Voluntary Income 2a 120396 43094 0 163490 171979 Activities for generating Income 2b 18756 3127 21883 34673 Investment activities 2c 86 891 0 977 798 Church Activities 2d 11995 81439 93434 75863 Transferred in 2e 3750 0 3750 13049 Investment Gains or Losses 2f 0 -1222 -1222 1003 TOTAL INCOMING RESOURCES 154983 127329 0 282312 297366 RESOURCES EXPENDED Church Activities 3a 131824 69216 0 201039 226798 Cost of Generating funds 3b 14765 3494 18260 27583 Cost of loan 70 70 189 Transferred out 3e 3750 0 3750 13049 TOTAL RESOURCES EXPENDED 150339 72780 0 223119 267620 NET MOVEMENTS IN FUNDS 4643 54549 0 59192 29746 Balances brought forward at 1st January 115536 944630 1138 1061304 1031536 Balances carried forward at 31st December 120180 999179 1138 1120497 1061282	FOR THE YEAR ENDING 31 DECEMBER 2020 Year 2020 Notes Unrestricted Restricted Endowment Total Total Funds Funds Funds 2020 2019 INCOMING RESOURCES £ £ £ £ £ Voluntary Income 2a 120396 43094 0 163490 171979 Activities for generating Income 2b 18756 3127 21883 34673 Investment activities 2c 86 891 0 977 798 Church Activities 2d 11995 81439 93434 75863 Transferred in 2e 3750 0 3750 13049 Investment Gains or Losses 2f 0 -1222 -1222 1003 TOTAL INCOMING RESOURCES 154983 127329 0 282312 297366 RESOURCES EXPENDED Church Activities 3a 131824 69216 0 201039 226798 Cost of Generating funds 3b 14765 3494 18260 27583 Cost of loan 70 70 189 Transferred out 3e 3750 0 3750 13049 TOTAL RESOURCES EXPENDED 150339 72780 0 223119 267620 NET MOVEMENTS IN FUNDS 4643 54549 0 59192 29746 Balances brought forward at 1st January 115536 944630 1138 1061304 1031536 Balances carried forward at 31st December 120180 999179 1138 1120497 1061282
	Year 2020 Unrestricted Restricted Endowment Funds Funds Funds £ £ £ 120396 43094 0 18756 3127 86 891 0 11995 81439 3750 0 0 -1222 154983 127329 0 131824 69216 0 14765 3494 70 3750 0 150339 72780 0 4643 54549 0 115536 944630 1138 120180 999179 1138		Total Total 2020 2019 £ £ 163490 171979 21883 34673 977 798 93434 75863 3750 13049 -1222 1003
			282312 297366
			201039 226798 18260 27583 70 189 3750 13049
			223119 267620
			59192 29746 1061304 1031536
			1120497 1061282

Aggregate Accounts

BALANCE	SHEET AS AT 31 DECEMBER 2020	Note	2020	2019
			£	£
Total Fixed	Assets	5	729754	730933
Current Assets
	Nationwide Building Society accounts:	6a
	Charity account		0	154392
	CCLA CofE Deposit Fund		180131	0
	Hardship account (following move to PCC)		0	5039
	Balaam account (following move to PCC)		0	363
	Nat West Bank Accounts	6b
	United Parish current account		25342	62861
	St Leonards Centre Building Project		0	4491
	St Leonards Building Project in SLCBP moved to PCC		39890	39650
	St Leonards Building Project moved to PCC		17241	13073
	St Leonards Centre Building Project moved to PCC		1940	0
	St Leonards Centre current account		15190	14949
	Fabric Fund moved to PCC		4568	0
	Fabric Fund current account (following move to PCC)		0	13135
	Hardship Fund moved to PCC		5308
	Balaam moved to PCC		364
	St Leonards Pre School		33377	12387
	St Leonards Baby and Toddler Groups		40	40
	Metro Bank Accounts
	St Leonards Centre Building Project Account		92050	72040
	The Gap		1714	2075
	OSN including Cash in Hand		3611	0
	M+G Investments
	M+G ChariFund Units value	6c	5820	7041
	Debtors and Prepayments	6d	1816	842
	Total Current Assets		428401	402378
Current Liabilities
	Creditors - amounts falling due within one year	7	-12658	-19028
	Net Current Assets		415743	383349
Non-Current	Liabilities
	Creditors- amounts falling due after one year	8	0	-28000
Total Net Assets			1145497	1086282
Parish Funds
	Unrestricted	9a	120180	115536
	Restricted	9b	999179	944608
	Endowment	9c	1138	1138
	Total Funds		1120497	1061282
Reserves
	Property re-evaluation reserve	9d	25000	25000
Total Funds and Reserves			1145497	1086282

Approved by the Parochial Church Council on 29th March 2021 and signed on its behalf by Rev’d Ben Kautzer (PCC Chairman)

Accounting Policies

The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 in accordance with applicable accounting standards and the current Statement of Recommended Practice, Accounting and Reporting by Charities (SORP FRS 102).

The financial statements have been prepared under the historical cost convention except for the valuation of certain fixed assets and investments, which are shown at market value. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in 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.

The accounts are the aggregated accounts of the activities of the “United Parish of Church Oakley with Wootton St Lawrence”, “Centres Management Committee”, the “Buildings Accounts”, the “Fabric Fund”, the “St Leonard’s Baby and Toddler Group” and the “St Leonard’s Pre School”. The accounts for each of the six entities are appended and form part of the analysis and notes to the aggregated accounts shown above.

In 2020 the Parish worked together with the Oakley and Deane Parish Council to set up the Oakley Support Network (OSN) to support Oakley with Wootton parishioners in response to the Covid 19 pandemic. The accounts for the OSN are also aggregated as a Restricted Fund within these accounts

Fund Accounting

Unrestricted Funds are income funds which are to be spent on PCC’s general purposes. Funds designated for a particular purpose by the PCC are also unrestricted.

Restricted Funds comprise (a) income from endowments which is to be expended only on the restricted purposes intended by the donor, and (b) revenue donations from or grants for a specific PCC activity intended by the donor.

Endowment Funds are funds, the capital of which must be retained either permanently or at the PCC’s discretion; the income derived from the endowment is to be used either as restricted or unrestricted income funds depending upon the purpose for which the endowment was established in the first place.

Reserves

A specific reserve created from the re-valuation of the tangible property fixed assets as described below. The reserve is not available for distribution by the PCC and may only be realised if and only if the corresponding assets are sold or developed. Such a sale would require the agreement of the Diocesan Board of Finance who have endowed the PCC with the use of the assets. The historic cost of the underlying assets is not available to the PCC.

Incoming Resources

Planned giving, collections and similar donation are recognised when received. Tax refunds are recognised when the incoming resource to which they relate are received. Grants and legacies are accounted for when the PCC is entitled to the use of the resources, their ultimate receipt is considered reasonably certain and the amounts due are readily quantifiable. Dividends are accounted for when declared receivable, interest as and when accrued by the payer.

Resources Expended

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 expected to be paid over is accounted for when due. All other expenditure is generally recognised when it is incurred.

Fixed Assets

Consecrated property and movable church furnishings

Consecrated and beneficed property is not included in the accounts in accordance with s.10 (2)(a) and (c) of the Charities Act 2011.

Other fixed property is vested in the Diocesan Board of Finance as Diocesan Authority under the Parochial Church Councils (Powers) Measure 1956, effectively in trust for the PCC, with the PCC acting as managing trustees. Under the Charities Act, such property is included in the accounts notwithstanding the PCC’s lack of title. Such properties were valued by the PCC using the best available advice as to free market value for the current usage less any provision for restrictions on such a sale. Following the completion of the St Leonard’s Centre building project the Rectory Road site is now valued at actual costs.

Moveable church furnishings held by the Rector 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 anything acquired prior to 2000 there is insufficient cost information available and therefore such items are not valued in these financial statements

Other fixtures, fittings and office equipment

Equipment used within the church premises is depreciated on a straight-line basis over its expected useful life, subject to the initial purchase price being greater than £1,000. Purchases with an initial value less than or equal to £1,000 are written off in the year of purchase.

Investments

Investments are valued at market value

Current Assets and Liabilities

Cash and short-term deposits are held by the stated entity e.g., Bank or Building Society. Amounts owing to the PCC as of 31st December are shown as debtors and valued gross less any provision deemed appropriate for amounts that may prove uncollectable.

Any sums legally due and payable by the PCC are included in the accounts as creditors and reflect the full value deemed likely to be paid. Contingent assets and liabilities are not brought into the accounts but may be reflected by way of note.

Agency Income and Expenditure

Voluntary donations received by the PCC, purely as agent, for specified objects whereby the PCC has no discretion are not included in either the income or expenditure of these account. Examples of this in 2020 included Christian Aid, Christingle service collection for the Children’s Society and monies collected for The Hub, an inter Church group of Oakley.

Independent Examiner’s Report

to the Trustees of Oakley with Wootton Parochial Church Council (PCC)

Notes to the Aggregate Financial Statements

1. Accounting Policies

Please refer to the policies laid out on pages 6 and 7.

2. Incoming Resources

a. Voluntary income

For an analysis of the unrestricted funds please refer to regular giving plus other income in the accounts of the United Parish on page 15.

For the restricted funds refer to:

note 2 (donations received) on page 16 Wootton Fund
note 3 (donations received) on page 16 Hardship Fund
note 9 on page 17 Oakley Youth Fund
note 13 Donations received on Page 19 Legacy
note 14 Donations received on Page 19 OSN

and to the total income in the accounts of The Buildings Accounts on pages 21 and 22 and of the Fabric Fund on page 23.

b. Activities for generating funds

Gross income from the Centres Management Committee less interest. The Centres are separately managed and operate within a remit to provide free accommodation for all church activities and to provide a centre for village activities charging sufficient rental and hire fees to cover all necessary costs over the longer term. See accounts on page 20.

c. Income from investments

Income from all bank accounts and the M+G Charity Fund dividend income.

d. Church activities

Unrestricted funds are fees from birth, deaths and marriage services, and the income from St. Leonard’s Baby and Toddler Groups. See accounts page 24.

Restricted funds are the income from St Leonard’s Pre School. See accounts page 25.

e. Transfers in/out.

The Centres transferred £3,750 to the PCC towards PCC costs

f. Investment gains and losses
Market value movements on the M+G Charity Fund. This invests in assets that are linked to stock market movements

3. Resources Expended

a. Church activities

Refer to pages 21 and 22 for details on the Buildings Accounts, page 23 for the Fabric Fund and page 25 for St Leonard’s Pre School.

Endowment funds

Refer to notes 1 and 4 on page 16.

Unrestricted funds 2020 2019 £ £ Wedding Organist and Other fees 117 659 Out-parish giving (see note 10) 10000 8000 Diocesan parish share 75239 72508 Expenses of clergy 643 1305 Gross salary costs of office staff 19473 18924 Church expenses 1901 2621 Insurance 5881 5812 General repairs & maintenance 767 1274 Sunday school and Youth 562 552 Fees to Diocese for Weddings, Funerals 4857 4295 Parish office and administration cost 11131 11033 St Leonard’s Baby and Toddler Group 505 2020 Depreciation 749 258 Total 131824 129260 Refer to page 22 for details on St Leonard’s Baby and Toddler Group. Restricted funds 2020 2019 £ £ Hardship fund disbursements made 211 598 St Leonard’s Centre Building Project 4946 4856 St Leonards Building Project 5200 10985 Fabric Fund -14489 28875 St Leonard’s Pre School 60449 49774 Oakley Youth Fund 0 790 Wootton 6190 657 Total 62507 96536	Unrestricted funds 2020 2019 £ £ Wedding Organist and Other fees 117 659 Out-parish giving (see note 10) 10000 8000 Diocesan parish share 75239 72508 Expenses of clergy 643 1305 Gross salary costs of office staff 19473 18924 Church expenses 1901 2621 Insurance 5881 5812 General repairs & maintenance 767 1274 Sunday school and Youth 562 552 Fees to Diocese for Weddings, Funerals 4857 4295 Parish office and administration cost 11131 11033 St Leonard’s Baby and Toddler Group 505 2020 Depreciation 749 258 Total 131824 129260 Refer to page 22 for details on St Leonard’s Baby and Toddler Group. Restricted funds 2020 2019 £ £ Hardship fund disbursements made 211 598 St Leonard’s Centre Building Project 4946 4856 St Leonards Building Project 5200 10985 Fabric Fund -14489 28875 St Leonard’s Pre School 60449 49774 Oakley Youth Fund 0 790 Wootton 6190 657 Total 62507 96536	Unrestricted funds 2020 2019 £ £ Wedding Organist and Other fees 117 659 Out-parish giving (see note 10) 10000 8000 Diocesan parish share 75239 72508 Expenses of clergy 643 1305 Gross salary costs of office staff 19473 18924 Church expenses 1901 2621 Insurance 5881 5812 General repairs & maintenance 767 1274 Sunday school and Youth 562 552 Fees to Diocese for Weddings, Funerals 4857 4295 Parish office and administration cost 11131 11033 St Leonard’s Baby and Toddler Group 505 2020 Depreciation 749 258 Total 131824 129260 Refer to page 22 for details on St Leonard’s Baby and Toddler Group. Restricted funds 2020 2019 £ £ Hardship fund disbursements made 211 598 St Leonard’s Centre Building Project 4946 4856 St Leonards Building Project 5200 10985 Fabric Fund -14489 28875 St Leonard’s Pre School 60449 49774 Oakley Youth Fund 0 790 Wootton 6190 657 Total 62507 96536
2020 £ 117 10000 75239 643 19473 1901 5881 767 562 4857 11131 505 749	2019 £ 659 8000 72508 1305 18924 2621 5812 1274 552 4295 11033 2020 258
131824	129260
2020 £ 211 4946 5200 -14489 60449 0 6190 62507		2019 £ 598 4856 10985 28875 49774 790 657 96536

b. Cost of generating funds

Gross costs of running St. Leonard’s Centre and St John’s Centre (see Centres Management Committee accounts page 20).

4. Staff Costs

During the year, the PCC employed eleven part-time staff.

	2020	2019
	£	£
Wages and salaries	71584	62462
Pension costs	1726	864
Total	73311	63326

Payments to PCC Members

Expenses were reimbursed to Derek Felton, Sheila Compton, Mark Peryer, Tina Skinner, Katey Butler, Penny Brown, and Tim Saunders for materials and expenses incurred for Church Activities. No other payments or expenses were paid to any other PCC member, persons connected to them or related parties, for work on the PCC. An immaterial amount was paid to some members for other responsibilities.

5. Fixed Assets

		Land and	Fitting and
Tangible		Buildings	Equipment	Total
		£	£	£
ACTUAL COST	As of 1 January 2020	725,977	66,784	792,761
	Disposals	0	0	0
	Additions at cost	0	1,964	1,964
	As of 31st December 2020	725,977	68,748	794,725
DEPRECIATION	As of 1st January 2020	0	61,828	61,828
	Disposals	0	0	0
	Charge for the year	0	3,143	3,143
	As of 31st December 2020	0	64,971	64,971
NET		725,977	3,777	729,754

Land and Buildings

This comprises land and buildings in two separate sites:

The first comprises a land area off Rectory Road, Church Oakley. Upon this land is sited St Leonard’s Centre, with the attached Parish Office and a number of rooms and facilities for Church use and for external hire
The second parcel of land is adjacent to St Johns Garden of Remembrance but not part of the Church consecrated grounds. The area is approximately 0.7 acres. It has been laid to lawn and is used for fetes and play area by the community. Given its current use as agricultural land, the value is deemed to be £25,000. It should be noted that, if sold for building land, its current market value could exceed £700,000, based upon current building land values.

6. Current Assets

In 2020 The PCC has simplified our bank accounts to bring the majority of the day-to-day movements within the PCC NatWest Account to facilitate both the monthly bank reconciliations and PCC reporting:

Building Society accounts (Note 6a).

The PCC has in prior years maintained a number of building society accounts for short term deposits. Some of the accounts directly relate to specific funds. In 2020 the Nationwide withdrew from offering such accounts and the Charity, Balaam and Hardship accounts were closed. The funds were initially moved to the NatWest PCC account. The PCC no longer has any accounts with the Nationwide Building Society, Basingstoke.

Cash at bank and in hand (Note 6b) In prior years, the PCC, St Leonard’s Centre, St Leonard’s Centre Building Project, Fabric Fund and St Leonard’s Pre School and Oakley Toddler Group have maintained separate bank accounts held by NatWest Bank, Basingstoke and by Metro Bank, Basingstoke. In 2020 the St Leonard’s Centre Building Project and the Fabric Fund balances were moved to the NatWest PCC account. This account is an interest-bearing charity accounts and is used for the receipt and payment of income
Church Charities and Local Authorities (“CCLA”) Church of England Deposit Fund

The PCC has created a new account with the CCLA and moved £180,000 to their Church of England Deposit Fund. This was undertaken to avoid incurring bank charges with NatWest Bank and in order to earn a competitive rate of interest.

M&G Charifund (Note 6c)

The PCC holds units in the M&G Charifund for the Oakley Youth Fund. The market value of these units fell in 2020.

Debtors and prepayments (Note 6d)

Refer to note 7 on page 17.

7. Liabilities

The final £3,925 of accumulated interest for the St Johns Chapel Demolition Loan was repaid in 2020 to The Winchester Diocesan Board of Finance. The Loan and interest are now repaid.

8. Funds and Reserves

a. Unrestricted funds

The unrestricted funds are those where the PCC has an unfettered right to use the funds to further its objectives.

b. Restricted Funds

Restricted funds are so by virtue of the specific objects expressed at the time of creating the fund. This category includes the Hardship fund, the St Leonard’s Centre Building Project, the St Leonard’s Building Project Fund, the Fabric Fund and St Leonard’s Pre School, Oakley Youth Fund, The Evergreen’s Legacy, and the Wootton St. Lawrence Repair Fund. In 2020 the Oakley Support Network was included as a new Restricted Fund

During 2016 a restricted fund was set up. The use of the fund is restricted to chancel repair costs at Wootton St. Lawrence church. The fund of £1,000 is held by the Winchester Diocese.

c. Endowment Funds

The PCC enjoys the benefit of two endowments, namely the Graveyard Trust and the Balaam fund. The PCC has the use of the interest of each fund for its respective object but may not utilise the capital which remains in perpetuity. It should be noted that the Balaam fund includes the accumulated interest to date of the bequest. Being small the annual interest has been left to accumulate within the fund.

d. Property Revaluation Reserve

Created by the valuation of the Land at St John’s at Rectory Road Church Oakley. The reserve is not available for distribution unless the corresponding assets are sold. In 2009 the valuation on the St Leonard’s Centre was replaced by the actual costs of the redevelopment (see note 5 above).

PCC Balance Sheet

PCC BALANCE SHEET AS AT 31 DECEMBER 2020

			2020	2020	2019
Reserves		Note	£	£	£	£
General Fund
	Balance b/f 1st January			100527		82826
	Add: Income for the year		130748		139986
	Less: Expenditure for the year		-126345	4403	-122286	17700
				104929		100527
Graveyard Trusts		1	775		775
Wootton St. Lawrence Repair Fund		2	10938		16928
Hardship Fund		3	5309		5039
Balaam Fund for St Lawrence Books		4	364		363
Legacy		14	111680		113550
Oakley Youth Fund		9	17946		19245
Oakley Support Network			3611		0
				150623		155900
				*255553*		256427
Fixed Assets		5		2680		1487
M+G ChariFund		9		5820		7041
Nationwide Anglia Building Society
	Charity account	6	0		154392
	Hardship account	3	0		5039
	Balaam account	4	0	0	363	159794
CCLA CoE Deposit Fund			180131	180131	0
MetroBank	The Gap		1714	1714	2075	2075
Metrobank Oakley Support Network			3611	3611	0	0
National Westminster Bank
	Current account inc Hardship
	and Balaam	6		31014		62861
Debtors		7		43241		38342
Creditors -amounts falling due within
one year		8		-12658		-15174
				*255553*		256427

PCC Income and Expenditure Account For the year ended 31 December 2020

			2020		2019
Income		Note	£	£	£	£
Regular Giving
Envelopes			9,884		18,640
Giving via Bank and Parish Giving	Scheme		88,301		85,199
Income tax refunded			21,143		22,052
Church Plate collections			1,067	120,396	2,391	128,282
Other Income and Dedductions
Centres Contribution to PCC Central Costs			3,750		5,000
Photocopying, Christmas Fayre, Green week			182		1,681
Oakley Youth Fund Dividends from Unit Shares		9	0
Oakley Youth Fund Units change in market value			0
Baby and Toddler Groups			-87		-212
Bookstall (net of income/cost)			68	3,912	89	6,558
				124,308		134,840
Fees and Charges		10		6,354		5,106
Interest on Deposits				86		40
	Total Income			130,748		139,986
Less: Expenditure
Diocesan Quota			75,239		72,508
Out Parish giving		11	10,000		8,000
				85,239		80,508
Church Employees				20,116		20,228
Church Expenses
Energy			1,650		2,492
Insurance			5,881		5,812
Parish Office and administration costs			11,131		11,033
Training courses and conferences			0		0
Purchase of equipment			251		129
Depreciation charge in year			749	19,662	258	19,723
Repairs and Maintenance				767		1,274
Sunday School and Youth				562		552
	Total Expenditure			126,345		122,286
Surplus Income				4,403		17,700

Notes to the PCC Accounts

Balance Sheet:

Specific legacies are held in trust by the PCC for the upkeep of certain graves. The funds are not available for distribution and therefore are not part of the general fund. The assets, which represent these trust moneys, are held by the National Westminster Bank Plc., London Street, Basingstoke having the following nominal value: Hatch grave fund £360; Hume legacy £115; and Monkhouse grave fund £300.
Certain of the residents of Wootton St Lawrence subscribed to the specific fund for the repair and maintenance of that Church. Neither the donations nor the expenditure was accounted for in the Income and Expenditure Account of the United Parish but shown in the separate account below. In 2017 the cash balance was transferred into the PCC and is now a restricted fund. The accounts are shown below.

2020 2019 £ £ Balance b/f 16,928 16,735 Add Donations received 200 850 Interest received 0 0 17,128 17,585 Less Expenses incurred -6,190 -657 Balance c/f 10,938 16,928	2020 2019 £ £ Balance b/f 16,928 16,735 Add Donations received 200 850 Interest received 0 0 17,128 17,585 Less Expenses incurred -6,190 -657 Balance c/f 10,938 16,928	2020 2019 £ £ Balance b/f 16,928 16,735 Add Donations received 200 850 Interest received 0 0 17,128 17,585 Less Expenses incurred -6,190 -657 Balance c/f 10,938 16,928
	2020 £ 16,928 200 0 17,128 -6,190 10,938	2019 £ 16,735 850 0
		17,585 -657
		16,928

Set up in 1992 by a donation from out parish giving, the Hardship Fund received specific individual donations, which do not form part of the income of the parish. A number of worthy cases have received benefit. The account is shown below:

2020 2019 £ £ Balance b/f 5,039 5,266 Add Donations received 470 365 Interest received 11 5 5,520 5,637 Less Distributions made in the year -211 -598 Balance c/f 5,309 5,039	2020 2019 £ £ Balance b/f 5,039 5,266 Add Donations received 470 365 Interest received 11 5 5,520 5,637 Less Distributions made in the year -211 -598 Balance c/f 5,309 5,039	2020 2019 £ £ Balance b/f 5,039 5,266 Add Donations received 470 365 Interest received 11 5 5,520 5,637 Less Distributions made in the year -211 -598 Balance c/f 5,309 5,039
	2020 £ 5,039 470 11 5,520 -211 5,309	2019 £ 5,266 365 5 5,637 -598 5,039

The Balaam fund marks a bequest for the purpose of offsetting the expenses of running Sunday Schools at St Lawrence Church. There were no qualifying expenses in 2020.
The current account is shown as per the cash book. The actual year end bank balance stood at £93,976 (73,470) and has operated in credit throughout the year earning interest of £0(£0). The current account is used for the day to day running of the parish with surplus funds first transferred to the Nationwide Charity account and then when that closed, to the CCLA Church of England

Deposit Fund. The Charity account earned interest of £131 (£154) and the CCLA Church of England Fund has also earned £131 (£0).

Debtors and Prepayments

There is a matching Debtor in PCC, and Creditor in Fabric Fund for the St Johns Demolition loan that will be set off in 2021

2020 2019 £ £ HMRC Gift Aid 1,816 842 Fabric Fund 41,425 37,500 Total 43,241 38,342	2020 2019 £ £ HMRC Gift Aid 1,816 842 Fabric Fund 41,425 37,500 Total 43,241 38,342	2020 2019 £ £ HMRC Gift Aid 1,816 842 Fabric Fund 41,425 37,500 Total 43,241 38,342
	2020 £ 1,816 41,425 43,241	2019 £ 842 37,500
		38,342

Creditors – amounts falling due within one year.

2020 2019 £ £ Accrual for governance costs 560 560 Oakley Books fund 3,556 3,488 Springboard funds 2,912 2,912 Mission Giving 4,760 8,000 Evergreen 870 214 Other Creditors 0 0 Total 12,658 15,174	2020 2019 £ £ Accrual for governance costs 560 560 Oakley Books fund 3,556 3,488 Springboard funds 2,912 2,912 Mission Giving 4,760 8,000 Evergreen 870 214 Other Creditors 0 0 Total 12,658 15,174	2020 2019 £ £ Accrual for governance costs 560 560 Oakley Books fund 3,556 3,488 Springboard funds 2,912 2,912 Mission Giving 4,760 8,000 Evergreen 870 214 Other Creditors 0 0 Total 12,658 15,174
	2020 £ 560 3,556 2,912 4,760 870 0 12,658	2019 £ 560 3,488 2,912 8,000 214 0
		15,174

Income and Expenditure Account

9 Oakley Youth Fund

St. John’s Centre Charity was a separately registered charity for youth work in the local community. In 2017 the charity was wound up and £13,540 of cash was transferred to the PCC together with a £6,965 investment in the M+G ChariFund. The PCC transferred £13,540 of cash and the M+G investment to a new restricted fund the Oakley Youth Fund for youth work in the local community. The Gap youth work has been funded, where required, out of the Oakley Youth Fund.

2020 2019 £ £ Balance b/f 19,245 18,605 Transfers in 0 0 Add Donations received 0 20 The Gap trading income 632 3,259 Dividends from Charifund Units received 284 352 Movement in Market value of Charifund Units -1,222 1,003 18,940 23,239 Less The Gap Expenses -994 -3,203 Expenses incurred Pop UK 0 -790 Balance c/f 17,946 19,245	2020 2019 £ £ Balance b/f 19,245 18,605 Transfers in 0 0 Add Donations received 0 20 The Gap trading income 632 3,259 Dividends from Charifund Units received 284 352 Movement in Market value of Charifund Units -1,222 1,003 18,940 23,239 Less The Gap Expenses -994 -3,203 Expenses incurred Pop UK 0 -790 Balance c/f 17,946 19,245	2020 2019 £ £ Balance b/f 19,245 18,605 Transfers in 0 0 Add Donations received 0 20 The Gap trading income 632 3,259 Dividends from Charifund Units received 284 352 Movement in Market value of Charifund Units -1,222 1,003 18,940 23,239 Less The Gap Expenses -994 -3,203 Expenses incurred Pop UK 0 -790 Balance c/f 17,946 19,245
Balance b/f Transfers in Add Donations received The Gap trading income Dividends from Charifund Units received Movement in Market value of Charifund Units Less The Gap Expenses Expenses incurred Pop UK Balance c/f	2020 £ 19,245 0 0 632 284 -1,222 18,940 -994 0 17,946	2019 £ 18,605 0 20 3,259 352 1,003
		23,239 -3,203 -790
		19,245

10 Fees and Charges

2020 2019 £ £ Fees from Birth, death and marriage services 11,328 10,060 Other expenses -117 -659 Less tariff payments to the Diocese, WDBF -4,857 -4,295 6,354 5,106	2020 2019 £ £ Fees from Birth, death and marriage services 11,328 10,060 Other expenses -117 -659 Less tariff payments to the Diocese, WDBF -4,857 -4,295 6,354 5,106	2020 2019 £ £ Fees from Birth, death and marriage services 11,328 10,060 Other expenses -117 -659 Less tariff payments to the Diocese, WDBF -4,857 -4,295 6,354 5,106
	2020 £ 11,328 -117 -4,857 6,354	2019 £ 10,060 -659 -4,295
		5,106

11 Out parish giving: Distributed according to the delegated authority of the Missions Giving Group.

2020 2019 £ £ Basingstoke Chaplaincy 750 600 BESOM 750 600 Bible Society 0 100 Cedar Tree Counselling 0 500 Child of Hope 3,000 900 Childs Trust Orphanage 1,250 750 Malawi Association for Christian Support 500 750 Mechanics for Africa 500 900 Money Lifeline 500 900 Open the Book 50 0 St Gabriels 500 0 The Safe Basingstoke 1,000 0 URC Youth Café 750 500 WEC Mathew Cripps 0 900 Women and Child in Need 0 0 Unallocated by yearend 2020 450 600 Total 10,000 8,000	2020 2019 £ £ Basingstoke Chaplaincy 750 600 BESOM 750 600 Bible Society 0 100 Cedar Tree Counselling 0 500 Child of Hope 3,000 900 Childs Trust Orphanage 1,250 750 Malawi Association for Christian Support 500 750 Mechanics for Africa 500 900 Money Lifeline 500 900 Open the Book 50 0 St Gabriels 500 0 The Safe Basingstoke 1,000 0 URC Youth Café 750 500 WEC Mathew Cripps 0 900 Women and Child in Need 0 0 Unallocated by yearend 2020 450 600 Total 10,000 8,000	2020 2019 £ £ Basingstoke Chaplaincy 750 600 BESOM 750 600 Bible Society 0 100 Cedar Tree Counselling 0 500 Child of Hope 3,000 900 Childs Trust Orphanage 1,250 750 Malawi Association for Christian Support 500 750 Mechanics for Africa 500 900 Money Lifeline 500 900 Open the Book 50 0 St Gabriels 500 0 The Safe Basingstoke 1,000 0 URC Youth Café 750 500 WEC Mathew Cripps 0 900 Women and Child in Need 0 0 Unallocated by yearend 2020 450 600 Total 10,000 8,000
	2020 £ 750 750 0 0 3,000 1,250 500 500 500 50 500 1,000 750 0 0 450 10,000	2019 £ 600 600 100 500 900 750 750 900 900 0 0 0 500 900 0 600
		8,000

12 Church Employees.

2020 2019 £ £ Expenses of Clergy 643 1,305 Salaries and expenses of Other employees 19,473 18,924 Total 20,116 20,228	2020 2019 £ £ Expenses of Clergy 643 1,305 Salaries and expenses of Other employees 19,473 18,924 Total 20,116 20,228	2020 2019 £ £ Expenses of Clergy 643 1,305 Salaries and expenses of Other employees 19,473 18,924 Total 20,116 20,228
	2020 £ 643 19,473 20,116	2019 £ 1,305 18,924
		20,228

13. Legacies and Donations

In 2017 the PCC received a legacy of £113,970. In 2018-20 there have been further legacies and donations. This money is Restricted.

Oakley Support Network	Oakley Support Network
Income and Expenditure account for year ended 31 December 2020
	2020 2019
Income and Expenditure £ £
Income
Donations	7781 0
Service user’s payments 2495 0
Other	0
Total Income 10275 0

Expenditure
Running Costs 4163 0
Cost of services and volunteer reimbursement 2501 0
Total Expenditure 6664 0

Surplus Income 3611 0

Balance Sheet
Bank	2943 0
Cash in Hand	643 0
Creditors	25 0
Debtors	0 0
	3611 0
Represented by:
Accumulated fund
As at beginning of period 0 0
Surplus for the period 3611 0
Transferred in	0 0
OSN FUNDS - Restricted 3611 0

Centres Management Committee Account

	2020	2019
Income and Expenditure account	£	£
for the year ended 31 December 2020
Income
Hall
hires
St Leonard's Play School	5,819	6,188
St Leonard's Baby and Toddler group	494	1,782
Other Bookings	5,501	14,489
SLC SUBTOTAL	11,814	22,459
St John's Centre	6,942	8,955
Total Income	18,756	31,414
Expenditure
Centres running costs
Water and sewerage	674	720
Cleaning	1,613	2,264
Electricity	1,408	1,720
Oil	2,194	2,892
Insurance	503	3,031
Lift and shutters	276	276
Sanitary	659	879
Fire alarm/Fire Equipment	0	494
Salaries	3,047	5,672
Other	868	2,360
SLC Subtotal	11,242	20,308
ST Johns Electricity	1,341	2,590
St Johns Water/Sewage	1,596	654
St Johns Other	55	498
St Johns Refuse	474	407
St Johns Insurance	57	57
St Johns Subtotal	3,523	4,206
Parish Centres team contribution to PCC for central
running costs	3,750	5,000
Total Expenditure	18,515	29,514
Surplus Income	241	1,900
Balance Sheet
Debtors- amounts falling due within 1 year	0	0
Creditors- amounts falling due within one year	0	0
Cash held in current account	15,190	14,949
Total Net Assets	15,190	14,949
Parish Funds	15,190	14,949

Buildings Accounts

2020 2019 £ £ Income and Expenditure Income Interest 704 638 Regular giving to St Leonard's Centre Building Project 0 0 Donations to the St. Leonards Church Project 28,914 41,786 Total Income 29,618 42,424 Expenditure St. Leonard's Centre Repairs 2,551 600 St. Leonard's Centre Depreciation 2,395 4,256 St. Leonard's Church Project 5,200 10,985 Bank charges 0 0 Total Expenditure 10,146 15,842 Surplus of Income over Expenditure 19,472 26,582 Balance Sheet Tangible fixed assets 702,052 704,446 Bank accounts Nat West St Leonard's Centre Building Project 1,940 4,491 Nat West St Leonard's Church Project 39,890 39,650 Nat West PCC Account 17,241 13,073 Metro Bank St Leonard's Church Project 92,050 72,040 Debtors 0 0 Current liabilities -amounts falling due within one year 0 0 Net Current Assets 853,172 833,700 Liabilities -amounts falling due after one year 0 0 Total Net Assets 853,172 833,700 Parish Funds - Restricted 853,172 833,700	2020 2019 £ £ Income and Expenditure Income Interest 704 638 Regular giving to St Leonard's Centre Building Project 0 0 Donations to the St. Leonards Church Project 28,914 41,786 Total Income 29,618 42,424 Expenditure St. Leonard's Centre Repairs 2,551 600 St. Leonard's Centre Depreciation 2,395 4,256 St. Leonard's Church Project 5,200 10,985 Bank charges 0 0 Total Expenditure 10,146 15,842 Surplus of Income over Expenditure 19,472 26,582 Balance Sheet Tangible fixed assets 702,052 704,446 Bank accounts Nat West St Leonard's Centre Building Project 1,940 4,491 Nat West St Leonard's Church Project 39,890 39,650 Nat West PCC Account 17,241 13,073 Metro Bank St Leonard's Church Project 92,050 72,040 Debtors 0 0 Current liabilities -amounts falling due within one year 0 0 Net Current Assets 853,172 833,700 Liabilities -amounts falling due after one year 0 0 Total Net Assets 853,172 833,700 Parish Funds - Restricted 853,172 833,700	2020 2019 £ £ Income and Expenditure Income Interest 704 638 Regular giving to St Leonard's Centre Building Project 0 0 Donations to the St. Leonards Church Project 28,914 41,786 Total Income 29,618 42,424 Expenditure St. Leonard's Centre Repairs 2,551 600 St. Leonard's Centre Depreciation 2,395 4,256 St. Leonard's Church Project 5,200 10,985 Bank charges 0 0 Total Expenditure 10,146 15,842 Surplus of Income over Expenditure 19,472 26,582 Balance Sheet Tangible fixed assets 702,052 704,446 Bank accounts Nat West St Leonard's Centre Building Project 1,940 4,491 Nat West St Leonard's Church Project 39,890 39,650 Nat West PCC Account 17,241 13,073 Metro Bank St Leonard's Church Project 92,050 72,040 Debtors 0 0 Current liabilities -amounts falling due within one year 0 0 Net Current Assets 853,172 833,700 Liabilities -amounts falling due after one year 0 0 Total Net Assets 853,172 833,700 Parish Funds - Restricted 853,172 833,700
	2020 £ 704 0 28,914	2019 £ 638 0 41,786
	29,618	42,424
	2,551 2,395 5,200 0	600 4,256 10,985 0
	10,146	15,842

	19,472	26,582
	702,052 1,940 39,890 17,241 92,050 0 0
		704,446 4,491 39,650 13,073 72,040 0 0
	853,172	833,700
	0	0
	853,172	833,700

	853,172	833,700

St Leonard's Centre Building Project	2020	2019
	£	£
Opening Balance	4491	5091
Charges	0	0
Expenditure	-2551	-600
Donation	0	0
Interest	0	0
Transfer to PCC
Closing Balance	1940	4491
St Leonard's Church Building Project	2020	2019
	£	£
Opening Balance	124763	93324
Expenditure	-5200	-10985
Deposits	28914	41786
Interest	704	638
Transfer to PCC
Closing Balance	149181	124763

Fabric Fund

			2020	2019
Income and Expenditure	Note		£	£
Income
Donations - Non Specific			0	70
SLC Roof Donations			4,438	0
SLC Roof Donation GiftAid			508	0
Total Income			4,945	70
Less: Expenditure
2019 St Leonard's Church roof lead theft		1	0	28,000
reversal of 2019 Provision SLC roof lead theft			-28,000	0
SLC Roof repair cost			27,204	0
Less Insurance payment			-9,514	0
Less Roof Repair VAT reimbursement			-4,179	0
Other Non Roof Repair costs			0	875
Subtotal			-14,489	28,875
Diocesan Loan Interest			70	189
Total Expenditure			-14,419	29,064
Surplus Income			19,364	-28,994
Balance Sheet
Reserves:			2,020	2,019
GENERAL FUND			£	£
Balance b/f 1st January			-56,218	-27,224
Add: Income for the year			4,945	70
Less: Expenditure for the year			14,419	-29,064
			-36,855	-56,218
Represented by:
Bank current account			4,568	13,135
Creditors- amounts falling due within one year			-41,423	-41,352
Creditors -amounts falling due after one year		1	0	-28,000
Parish Funds - Restricted			-36,855	-56,218

Notes to Fabric Fund:

In 2019 there was a theft of lead from the roof of St Leonard’s Church, Oakley. An estimate of £28,000 for the repairs was included in the 2019 Expenditure and Creditors for the Fabric Fund. In 2020 costs of £27,204 were incurred, funded by Church and Community donations, Insurance payments, and from the historic Fabric Fund reserves.

St. Leonards Baby and Toddler Groups

Income and Expenditure	account
for the year ended 31 December 2020
		2020	2019
Income and Expenditure		£	£
Income
Admission fees	New Life	28	32
	Pippins	316	1320.31
	Quackers	74	455.2
	Total	417	1,808
Sale of Photographs		0	0
Total Income		417	1,808
Expenditure
Rent		494	1,782
Refreshments		7	53
Stationary and Postage
Christmas Party		0	107
Purchase of consumables		4	50
Purchase of play equipment		0	0
Cost of Photographs
Sundry		0	27
Total Expenditure		505	2,020
Transfer from PCC		87	212
Surplus Income		0	0
Balance Sheet
Cash		40	40
Represented by:
Accumulated fund
As at beginning of period		40	40
Carried forward		40	40

St Leonard’s Pre School

Income and Expenditure account for the year ended 31 December 2020

	2020	2019
Income and Expenditure	£	£
Income
Government Grants	72,743	49,346
Fees	8,066	12,070
Fundraising	280	809
Other	350	0
Total Income	81,439	62,225
Expenditure
Salaries	50,384	41,273
Rent	5,819	6,188
Catering	138	232
Consumables	30	0
Equipment	565	288
Office	2,231	1,440
Other	1,282	353
Total Expenditure	60,449	49,774
Surplus Income	20,990	12,451
Balance Sheet
Bank	29,833	12,385
Creditors	3,883	0
Debtors	-340
Represented by:
Accumulated fund
As at beginning of period	12,387	-64
Surplus for the period	20,990	12,451
Transferred in	0	0
Parish Funds - Restricted	33,377	12,387