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2021-12-31-accounts

Charity Registration No. 1131090

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WORTH, POUND HILL AND MAIDENBOWER

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WORTH, POUND HILL AND MAIDENBOWER

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Rev M J Boag
Rev S Upchurch
S Pelissier
L Milburn
C Formby
C S Smith
Dr A B Wilkinson
S Dring
E Gallagher
Revd Dr G J Sawyer
R C Wells (Appointed 16 May 2021)
D I Anderson
Charity number 1131090
Registered office St Barnabas' Church
Worth Road, Pound Hill,
Crawley
West Sussex
RH10 7DY
Independent examiner Darren Harding ACA FCCA DChA
Richard Place Dobson Services Limited
1-7 Station Road
Crawley
West Sussex
RH10 1HT

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WORTH, POUND HILL AND MAIDENBOWER

CONTENTS

Page
Trustees' report 1 - 2
Independent examiner's report 3
Statement of financial activities 4 - 5
Balance sheet 6
Notes to the financial statements 7 - 18

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WORTH, POUND HILL AND MAIDENBOWER

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 DECEMBER 2021

The Trustees present their annual report and financial statements for the year ended 31 December 2021.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's the Parochial Church Council Powers Measure (1956) as amended and churches representation Rules , the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)".

Objectives and activities

Policies and objectives

The primary purpose of the Parochial Church Council (Trustees) of the Ecclesiastical Parish of Worth, Pound Hill and Maidenbower is the promotion of the Gospel of our Lord Jesus Christ according to the doctrines and practices of the Church of England.

In setting objectives and planning for activities, the PCC members have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

Strategies for achieving objectives

The Parish has two centres of worship, the Parish Church of St Nicholas, Worth and the Church of St Barnabas ' , Pound Hill with the latter site encompassing a hall, meeting rooms and a cafe.

The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Activities undertaken to achieve objectives

The Parochial Church Council is responsible for the ministry of both Churches and for the Church buildings. It is also responsible for the associated land and buildings and for some of the maintenance of properties owned by the Church of England for use by the clergy.

Main activities undertaken to further the Charity's purposes for the public benefit

T he Churches are used on a regular basis for both worship and other community activities.

Achievements and performance

Review of activities

Attendances at Sunday, weekday Eucharist and other services, along with all church activities have been severely affected by the Coronavirus pandemic. Despite this, new members have been welcomed, weddings, baptisms and funeral services have been held.

Financial review

Going concern

After making appropriate enquiries, the PCC members have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

Reserves policy

It is the policy of the Parochial Church Council to maintain a balance of free reserves to cover major financial risks. The reserves are regularly reviewed to ensure they are maintained at an acceptable level. These free reserves are presently at a very low level at less than three months normal activity.

page 1

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WORTH, POUND HILL AND MAIDENBOWER

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WORTH, POUND HILL AND MAIDENBOWER

I report to the Trustees on my examination of the financial statements of The Parochial Church Council of the Ecclesiastical Parish of Worth, Pound Hill and Maidenbower (the charity) for the year ended 31 December 2021.

Responsibilities and basis of report

As the Trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).

I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act . In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

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 financial statements to be reached.

Darren Harding ACA FCCA DChA

Richard Place Dobson Services Limited 1-7 Station Road Crawley West Sussex RH10 1HT

Dated: 4th October 2022

page 3

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WORTH, POUND HILL AND MAIDENBOWER

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021

Current financial year
Unrestricted
Restricted Endowment
funds
funds
funds
2021
2021
2021
Notes
£
£
£
Income and endowments from:
Donations and legacies
3
74,909
83,071
-
Charitable activities
4
62,135
287
-
Investments
5
90
-
-
Other income
6
1,609
-
-
Total income
138,743
83,358
-
Expenditure on:
Charitable activities
7
120,019
110,294
-
Net gains/(losses) on investments
11
-
-
372
Net incoming/(outgoing) resources
before transfers
18,724
(26,936)
372
Gross transfers between funds
(213)
213
-
Net movement in funds
18,511
(26,723)
372
Fund balances at 1 January 2021
19,149
232,339
2,602
Fund balances at 31 December 2021
37,660
205,616
2,974		 Total
2021
£
157,980
62,422
90
1,609
222,101
230,313
372
(7,840)
-
(7,840)
254,090
246,250		 Total
2020
£
171,558
29,179
584
864
202,185
299,513
167
(97,161)
-
(97,161)
351,251
254,090

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

page 4

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WORTH, POUND HILL AND MAIDENBOWER

STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

Prior financial year
Unrestricted
Restricted Endowment
funds
funds
funds
2020
2020
2020
Notes
£
£
£
Income and endowments from:
Donations and legacies
3
79,200
92,358
-
Charitable activities
4
29,179
-
-
Investments
5
584
-
-
Other income
6
864
-
-
Total income
109,827
92,358
-
Expenditure on:
Charitable activities
7
136,640
162,873
-
Net gains/(losses) on investments
11
-
-
167
Net incoming/(outgoing) resources before
transfers
(26,813)
(70,515)
167
Gross transfers between funds
(1,572)
1,572
-
Net movement in funds
(28,385)
(68,943)
167
Fund balances at 1 January 2020
47,534
301,282
2,435
Fund balances at 31 December 2020
19,149
232,339
2,602		 Total
2020
£
171,558
29,179
584
864
202,185
299,513
167
(97,161)
-
(97,161)
351,251
254,090

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

page 5

2021 2020
Notes £ £
Current assets
Debtors 8,126
Investments 2,974
Cash at bank and in hand 243,386
254,486 261,261
Creditors: amounts falling due within one
year 15 (8,236) (7,171)
Net cunent assets 246,250 254,090
Capital funds
Endorment frods 16 2,974
Income funds
Restricted funds 17 205,616
Unrestricted frods
Designated funds 18 11,956
General unrestricted funds 25,704

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WORTH, POUND HILL AND MAIDENBOWER

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

1 Accounting policies

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's the Parochial Church Council Powers Measure (1956) as amended and churches representation Rules, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling , which is the functional currency of the charity . Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

page 7

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WORTH, POUND HILL AND MAIDENBOWER

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

1 Accounting policies

(Continued)

1.4 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the Charity has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the Charity, can be reliably measured.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

1.6 Cash and cash equivalents

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

1.7 Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

Basic financial assets

Debtors are recognised at the settlement amount. Prepayments are valued at the amount prepaid.

page 8

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WORTH, POUND HILL AND MAIDENBOWER

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2021

1 Accounting policies

(Continued)

Basic financial liabilities

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pretax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.

1.8 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Rentals payable under operating leases, including any lease incentives received, are charged as an expense on a straight line basis over the term of the relevant lease.

1.9 Leases

Rentals payable under operating leases, including any lease incentives received, are charged as an expense on a straight line basis over the term of the relevant lease.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Donations and legacies

Unrestricted
Restricted
funds
funds
general
2021
2021
£
£
Donations and gifts
74,333
83,071
Grants received
576
-
74,909
83,071		 Total
Unrestricted
Restricted
funds
funds
general
2021
2020
2020
£
£
£
157,404
77,001
92,358
576
2,199
-
157,980
79,200
92,358		 Total
2020
£
169,359
2,199
171,558

page 9

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WORTH, POUND HILL AND MAIDENBOWER

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2021

4 Charitable activities
Fees, rental Fees, rental
and event and event
income income
2021 2020
£ £
Fees, rental and event income 62,422 29,179
Analysis by fund
Unrestricted funds - general 62,135 29,179
Restricted funds 287 -
62,422 29,179
5 Investments
Unrestricted Unrestricted
funds funds
general general
2021 2020
£ £
Interest receivable 90 584
6 Other income
Unrestricted Unrestricted
funds funds
general general
2021 2020
£ £
Other income 1,609 864

page 10

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WORTH, POUND HILL AND MAIDENBOWER

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2021

7 Charitable activities

Charitable
Giving
Ministry
Costs
Property
Costs
2021
2021
2021
£
£
£
Staff costs
-
16,967
-
Events and fundraising
10
-
-
Diocesan Parish Contribution
-
70,000
-
Other Clergy Costs
-
537
-
Other Ministry Costs
-
-
-
Weddings/ Funerals to Diocese
-
3,951
-
Baptisms
-
-
-
Worship & Music
-
1,487
-
Insurance
-
-
3,515
Maintenance & St B Refurb/Fabric Costs
-
-
81,620
Utilities
-
-
12,150
Friends of St Nicholas & Parish World Bank
& Mission Fund
-
-
2,677
Churchyard costs
-
-
630
Parish Office
-
4,548
-
Other Expenses
-
958
-
St Nicholas Costs
-
-
26,467
10
98,448
127,059
Share of governance costs (see note 8)
-
1,800
2,996
10
100,248
130,055
Analysis by fund
Unrestricted funds - general
10
100,248
19,761
Restricted funds
-
-
110,294
10
100,248
130,055		 Total
2021
£
16,967
10
70,000
537
-
3,951
-
1,487
3,515
81,620
12,150
2,677
630
4,548
958
26,467
225,517
4,796
230,313
120,019
110,294
230,313		 Total
2020
£
22,350
62
81,000
87
21
4,659
41
1,404
3,533
14,855
12,626
1,892
6,004
4,387
126
142,926
295,973
3,540
299,513
136,640
162,873
299,513

page 11

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WORTH, POUND HILL AND MAIDENBOWER

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

7 Charitable activities (Continued)
For the year ended 31 December 2020
Charitable Ministry Property Total
Giving Costs Costs 2020
£ £ £ £
Staff costs - 19,755 2,595 22,350
Events and fundraising 62 - - 62
Diocesan Parish Contribution - 81,000 - 81,000
Other Clergy Costs - 87 - 87
Other Ministry Costs - 21 - 21
Weddings/ Funerals to Diocese - 4,659 - 4,659
Baptisms - 41 - 41
Worship & Music - 1,404 - 1,404
Insurance - - 3,533 3,533
Maintenance & St B Refurb/Fabric Costs - - 14,855 14,855
Utilities - - 12,626 12,626
Friends of St Nicholas & Parish World Bank & Mission
Fund - - 1,892 1,892
Churchyard costs - - 6,004 6,004
Parish Office - 4,387 - 4,387
Other Expenses - 126 - 126
St Nicholas Costs - - 142,926 142,926
62 111,480 184,431 295,973
Share of governance costs (see note 8) 3,540 - - 3,540
3,602 111,480 184,431 299,513
Analysis by fund
Unrestricted funds - general 3,602 111,480 21,558 136,640
Restricted funds - - 162,873 162,873
3,602 111,480 184,431 299,513

page 12

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WORTH, POUND HILL AND MAIDENBOWER

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

8 Support costs

Support costs Governance
costs
£
£
Accountancy
-
4,796
-
4,796
Analysed between
Charitable activities
-
4,796		 2021Support costs
Governance
costs
£
£
£
4,796
-
3,540
4,796
-
3,540
4,796
-
3,540		 2020
£
3,540
3,540
3,540

9 Trustees

During the year ended 31 December 20 21 , expenses totaling £ 1 ,3 49 were reimbursed or paid directly to 6 Trustees (20 20 - £ 1 , 315 to 10 Trustees). An amount of £ 443 was paid to o ne clergy as expenses claimed for costs incurred in carrying out their work. An amount of £ 1 , 863 was reimbursed to 2 Trustees for church running costs paid by them on behalf of the church.

10 Employees

The average monthly number of employees during the year was:

2021 2020
Number Number
4 5
Employment costs 2021 2020
£ £
Wages and salaries 16,918 22,350
Social security costs 49 -
16,967 22,350

There were no employees whose annual remuneration was more than £60,000.

11 Net gains/(losses) on investments

Endowment Endowment
funds funds
2021 2020
£ £
Revaluation of investments 372 167

page 13

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WORTH, POUND HILL AND MAIDENBOWER

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

11
Net gains/(losses) on investments
12
Financial instruments
Carrying amount of financial assets
Instruments measured at fair value through profit or loss
13
Debtors
Amounts falling due within one year:
Trade debtors
Other debtors
14
Current asset investments
Investment with the Diocese of Chichester Trust
15
Creditors: amounts falling due within one year
Other creditors
Accruals and deferred income		 (Continued)
2021
2020
£
£
2,974
2,602
2021
2020
£
£
2,745
1,145
5,381
4,033
8,126
5,178
2021
2020
£
£
2,974
2,602
2021
2020
£
£
5,536
4,471
2,700
2,700
8,236
7,171		 (Continued)
2021
2020
£
£
2,974
2,602
2021
2020
£
£
2,745
1,145
5,381
4,033
8,126
5,178
2021
2020
£
£
2,974
2,602
2021
2020
£
£
5,536
4,471
2,700
2,700
8,236
7,171
2020
£
1,145
4,033
5,178
2020
£
2,602
2020
£
4,471
2,700
7,171

page 14

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WORTH, POUND HILL AND MAIDENBOWER

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

16 Endowment funds

Endowment funds represent assets which must be held permanently by the charity. Income arising on the endowment funds can be used in accordance with the objects of the charity and is included as unrestricted income. Any capital gains or losses arising on the assets form part of the fund.

Balance at Transfers
Revaluations		 Balance at Transfers
Revaluations		 Balance at
1 January 2020 gains and losses 1 January 2021 gains and losses 31 December
2021
£ £
£		 £ £
£		 £
Permanent endowments
Thompson
Trust 2,435 -
167		 2,602 -
372		 2,974
2,435 -
167		 2,602 -
372		 2,974

The Thompson Trust.

Set up to maintain 3 Thompson family graves.

page 15

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WORTH, POUND HILL AND MAIDENBOWER

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2021

17 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Balance at
1 January 2021
£
The Friends of St Nicolas
1,975
Parish World Bank
2,210
St B's Refurbishment
97,503
St N's Fabric & Tower
100,778
St N's Approach
28,625
Churchyard
670
Memorial Garden
-
Organ Fund
578
232,339
Balance at
1 January 2020
£
The Friends of St Nicolas
1,915
Mission Fund
1,004
Parish World Bank
1,888
St B's Refurbishment
58,780
St N's Fabric & Tower
166,776
St N's Approach
30,817
Churchyard
6,964
Memorial Garden
32,048
Organ Fund
1,090
301,282		 Movement in funds
Incoming
resources
Resources
expended
£
£
-
(677)
287
(2,000)
29,089
(80,520)
52,837
(25,676)
-
-
-
(630)
1,145
-
-
(791)
83,358
(110,294)
Movement in funds
Incoming
resources
Resources
expended
£
£
60
-
669
(1,892)
322
-
48,179
(9,456)
40,004
(106,002)
-
(2,192)
58
(6,352)
3,066
(36,467)
-
(512)
92,358
(162,873)		 Transfers
Balance at
31 December
2021
£
£
-
1,298
-
497
-
46,072
-
127,939
-
28,625
-
40
-
1,145
213
-
213
205,616
Transfers
Balance at
31 December
2020
£
£
-
1,975
219
-
-
2,210
-
97,503
-
100,778
-
28,625
-
670
1,353
-
-
578
1,572
232,339		 Transfers
Balance at
31 December
2021
£
£
-
1,298
-
497
-
46,072
-
127,939
-
28,625
-
40
-
1,145
213
-
213
205,616
Transfers
Balance at
31 December
2020
£
£
-
1,975
219
-
-
2,210
-
97,503
-
100,778
-
28,625
-
670
1,353
-
-
578
1,572
232,339
232,339

page 16

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WORTH, POUND HILL AND MAIDENBOWER

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

17 Restricted funds

(Continued)

The Friends of St Nicholas.

This fund was set up to fund maintenance at St Nicholas’.

The Mission Fund.

The Mission Fund was drawn on during lockdown to enable broadcasting of church services

Parish World Bank or Team Work Bank.

The congregation regularly donates a small amount which can be used to support any emergency. eg the Tsunami and the fire at Grenfell Tower.

St Barnabas’ Refurbishment (Fabric) Fund

This is an on going project. In the past we have updated the Hall and the toilets. Currently, the builders are in the Pastoral Centre, updating the flooring and the kitchen.

St Nicholas Fabric and Tower

The roof and the Tower have been leaking for years. In 2019 we received a legacy of £185,000 or thereabouts, and work commenced.

St Nicholas Approach

A parishioner gave us £40,000 in 2018 to deal with the problem we have with the path leading to the St Nicholas’ Church and the trees which are encroaching onto and destroying the only access path. This project is ongoing.

Churchyard Fund – St N’s only

Used to pay for the maintenance of the mowers.

Remembrance Garden

£30,000 was given by a parishioner in memory of his late wife to work on the memorial garden. The work has now been completed and the remainder of the fund helped cover the maintenance.

St Nicolas’ Organ

This fund comes from wedding couples who have in the past donated towards the Organ Fund.

page 17

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WORTH, POUND HILL AND MAIDENBOWER

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

18 Designated funds

The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:

Movement in funds Movement in funds
Balance at Incoming Resources Balance at
1 January 2021 resources expended 31 December
2021
£ £ £ £
Toddlers Group 1,293 375 (200) 1,468
Youth Group - 488 - 488
Parish fabric Fund 10,000 - - 10,000
11,293 863 (200) 11,956
Movement in funds
Balance at Incoming Resources Balance at
1 January 2020 resources expended 31 December
2020
£ £ £ £
Toddlers Group 1,149 285 (141) 1,293
Youth Group (245)
189		 (44) -
Parish fabric Fund 23,620 - - 10,000
24,524 474 (185) 11,293
19 Analysis of net assets between funds
Unrestricted Restricted Endowment Total Total
funds funds funds
2021 2021 2021 2021 2020
£ £ £ £ £
Fund balances at 31 December 2021
are represented by:
Current assets/(liabilities) 37,660 205,616 2,974 246,250 254,090
37,660 205,616 2,974 246,250 254,090

20 Related party transactions

There were no disclosable related party transactions during the year (2020 - none) .

page 18