St Peterfs Church, Hersham
ST PETER'S CHURCH
HERSHAM
Parochlal Church Council's Report and Unaudlted Accounts
for the year ended 31 December 2021
-Attractlngi Engaging and Involvlng-
St Peterfs Church, Hersham
Legal and Administrative Infomiation
Slructure and Govemance of the Parochial Church Council
statement of Responsibilities of the Members
12
Independent Examinerfs Report
13
Statement of Financial Activittes
14
Balance Sheet
18
Not88 to the Finoncial Statements
17
St Peter's Church, Hersham
InvJmb8nt and Chaiman of Parochial Church
Cwncil
Revd. Jackie RKhardson "#
Associate Pritist
Revd. Sue Gray # IUnUI Februory 20221
Curate
Katrina Jenknns (from 4th July 20211 #
Licensed Lay Ministsr
Deborah Lock
Paro¢hS8l Churth Counc51 Members
Jane Anderson
Lorelie Stsines
Margarèt Hlcks
Paul Huyhes
Katherine Ind
Tony Skrzypeckl.
Pat Shore
Jul59 Whirg
Clare Wame
Malcolm Rehj" (Treasurer)
David Mealor
Karen Richards.
Jacklg Murphy {from 23rf May 2021}
CNldren and Famllles COdInatOr
R8th01 Gastsr.Woc¥Js
Churchwardens
AThdr Strong ¥ Vic• ChalrnHI ofthe PCC
Lynng Watson'#
RO[eSentatIveS on Ihe Deanery Synod
Lulu Button #
Lynne Watson. # ISatsJuardlng Offlcerl
Pastoral Assistants
Sara Langley
Sarah TourelS IParish Secretary)
Lorelig Stain¢s
PCC Sgcretsry
Karen Rlchar(l$
Web
wvM.sIpgtwshorsham.com
Princlpal oddress
Tho P8rf$h Offl¢e
1 Burwood Road, Hersham
Surrey, Iff12 4AA
theofflr*@stpetershersham.com
Bank
Lloyds Banklng Group plc.
83 High Strgat, W8MoMThknThQn, Surrey I12 1DU
Ind9peThJent ExamSner
Wamor Wllde Limited, Chartered Certifted Accountants and
Registered Auditors
4 Marfgold Drive. Bisley, Surrey, GU24 98F
Ar¢hltecL'
To be appointed
Charty reglstr8tion numbar
' Mew&ersoftheStsndinB Commrfteti #Ery mnbersoftheP¢¢
1131361
St Peter's Church, Hersham
The Parcchial Church Council of St Petsfs Hersham (the °PCC"I pre8ents its report and accounts for the year
ended 31 Dember 2021
Structuro. governance, and management
The PCC, which is in the Diocese of Guildford, is part of the Church of England and was established by the
Parochial Church Council's {Powers) Measure 1956, as amended. and the Churd) Representation Rules
(contained in Schedule 3 to the Synodical Govemment Measure 1969, as amended). It 15 a charity registered with
the Charity Commission, regulated by the Charities Act 2011 whith requires th& PCC to report to its Gongregation
and the public at large. PGC members ar8 Trustees of the Charity.
Members ofthe PCC are appolnted in accoidancewththe Church Representation Rules and nonnalty are elected
for a three-year term by nomination of tsvo parishioners. New PCC members are brlefed on their responsibilities
by the Incumbent as PCC Chainran. In lin8 with Diocesan requirements and where appropriate. PCC members
receive training on safeguarding and data protecllon, $Jn a Role Descriokon letter and are subjeGilo DBS checks.
The PCC meets regularfy during the yearto manage the ordinary business ofthe Parish. 9uch as the appointrnent
of offi¢ers, expenditure and budgeting, th8 balan¢e and type of our social events. rlsk management, safeguarding.
data protection. equipment needs, property matters. and issues raised by the Teams. Day-to-day operational
management of the Parish is undertaken by the Incumbent and Church W8rdens working closety together. The
Parish has an exeoutive committ88, the Standing Committee, whith sets the PCC agenda and transacts business
btheen PCC meetings. The Standing Committee is also able to agree items of expendlture, within certain
parameters. belyfftn PCC meetings and, in some cases, makes reo)mmendations to the PCC on items.
The Safeguarding Officer ensures that the PCC has a Safeguardlng PoliGy and supportlng procedure5. that they
are implemented, and that the Church takes seriously its responsibility for Ihe re and nurture of d)ildren and
vulnerable adults. The Offi¢er 1$ a member of the PCC.
The Health and Safety Officer seeks to prevent accidents and injuries to those involved with Ihe work of St Pete¢s
and thos8 visiting the Church's premises. The role is also lo implement health and safety policies in accordance
with the latest guid8nce working with the Standing Committee and PCC.
Objectlves and activitl•s
The PCC adopted the mission ststement on behalf of the Parlsh:
Attractlng. Engaging, and Involvlng
The PCC has tha responsibility ofcooperating with the IncumbenL the Assodate Priest, Curate. and the Licensed
Lay Ministers with the objective of promoting In the Parish the whole mlsslon of the Church- pastoral. evangelistic,
social, and elMenica1. It ensures payment of the Parish's conlributlon to the Parish ministy and Diocesan costs
via the Parish Share. and has the responsibilty for all the Parish's assets, inGluding its land and buildings.. th
Church, the Church Hall. St Peterfs Lodge and Vauxmead and the restricted funds il holds.
Each year the PCC has tsken tlme 8way from its regular duties to strengthen ils relationships and to think
strategically but this was not posslble until December 2021. However. to assist with the organlsatton of the many
activrties carried out by St Pete$ Church, the PCC ranIZed tts working Teamg in 2020. with each headed by
a memberofthe PCC and they are responsible for execLrting the tasks thatthe PCC has detemiined. They opera1&
under temis of reference whlch were also being updated in 2020 and approved In 2021 by the PCC. Eath PCC
member signed the Role Description letter describing theiT responsibilitieslro18 Within the tsam framework. From
4th July 2021, the Parlsh has welcomed Katrina Jenkins as Curate to undergo her training and assist with our
mission objeclives. From October 2021. Sue Gray. our Assoate priest is ¢oncentsating on her role as a Spiritual
Director.
The Teams lch had been refomied In 2020 with three maln Vl8lon Groups of°Caro' "Grovf and'share., retx)rt
to the PCC on a six-mcmthly basis, the schedule of whlch is set at the start of every calendar year. With these
Straleglc Groups. the Teams and resFmXibl1ities are as foifows:
St Peterfs Church, Hersham
Worship & Deanery
Pastoral Care & Wekx)m
Youth ServKes
Chrlsllan Discipleship
Publlc
Foodbank
Mission Support & Hersham Churche8 Together
Fabric & Health & Safety
Vauxmead Committee
Str¥tw & Property
Trea¥ury & Stew8fd$hip
Administration & Parish Hau
Safeguarding Committee
Th8 Teams are supported by the sub-tsams that the day-ttrday oneryoff activities includlng the followng:
Welcome & Integration
Sl Peter's FeSlowship (Affiliated group)
Bell RSng¢rs
HoSpalty & Event suppJrt
Craft Group
Y¢)uth and children's groups= Bright Stafs (Sunday
MAP CoordSnating Group
dub} and Moming St8rn (Monday toddlergroup),
Muslc Group
TAG
MissEon Support team
Deanory
The PCC has given du8 regard to guidan issued by the Charity Commissioners in deciding what activit$ the
Church should undertake and has complied with the Charty Commission guidan¢e on public benefit, and wth
Section 4 of the Charllles Act 2011. The report of the Proceedings of the Paro¢hial Church Council during 2021
can be viewed on the Church's web slte and minutes are put on the Ghurch entrance notice board.
2021 has been an Intensely difficult year for Sl Peterfs Churth wlth the lockdowns imposed again on 4th January
and not belng lifted until end of Mar¢h. The church team led by the Vicar, The Reverend Jackie Richardson, was
qulck to leam to video and record servtces and release Ihem on to the intemet for Ihe congregation and Hersham
public at large to view them. In due wrse. the church was allowed to open for individual visit tr prayer and
reflectlon. Services could recommence from April 2021 offerlng the congregation to socialty distan or not 8S
their preference. The popular Music to Calrn your Soul was also recorded and reteased onto the intemet until it
ceased in March 2021. Grants had been obtsined from the Charity of Phillip Charles to pay for a broadband line
to be installed into the church to allow forfvture live video to be broadcast for services, choral ConrtS. and other
activities. Equipment upgrades are planned for 2022 to the Audio-visual Equipment, provided a grant can be
obtained to part fijnd It.
In the IkJht of the need for social distan¢lng measures, several PCC meetings w8re held in 2021 through Zoom.
Using SOare such as Zoom and the new Churchsuite Admin System, the vicar and her team have been finding
¢reatlve ways of staying in touch with parishioners and vitally, those who a isolated and vulnerable, to give them
spiritual and pr8Ctical support. The ¢hurch opened for11 seNices in April 2021. but COVID-19 continues lo impact
tsklng holy sacrament, with no shating of the rmmon (#Jp.
The total voluntary activities ofthe PCC, the various Teams and their members and many other voluntser$ are
considerable and wittrMyJt them the PCC could never ensure the efficient operation of the churth and its
actrvities.
St Peterfs Church, Hersham
Achievemonts and perforniance
In 2021 the PCC:_
Continued to pay close attentlon to the flnancial health of the Parish Church. 2021 has been challengin9
In view ofthe loss of income from the hir8 ofthe Parish Hall fOrmMunity use which had to shut b8tsveen
January 41h and April 101h'.
A grant was obtained from Elmbridge Councll for the Business Interruption to the Hall Income from
COVID-19 of£10,240;
With the removal ofthe COVID-19 restrictions in mid 2021 there was a surge In the number ofweddings
and funerals and remembrance services which brought activty into the church;
As seTViCè pem)itted nUMbS were fre8d up in mid 2021, congregation numbers increased so that
collection receipts increased:
Significant legacy bequests were r8celv8d for the use of the Church whlch greatly assisted in maintaining
solvency in 20218nd thereafter into 2022. Th8se bequests will be used to support Outreach activities in
2022 such as Youth work, pasloral care. etc.;
Re¢eived in April 2020, £49,827 as restricted funds from the Closure and transfer of Charles Sparks Trust.
The responsibilities imposed by this Trust are in assisting Aged and Youth people and 8 part lime
Children's worker has been appointed in August 2021 lo prom¢)te the youth assistance in the parlsh:
In October 2021, St Petef's entered the ECO church progr8mme whic* has 5 sIarn$ to meet and the
first objective was to dear the overgrown graveyard. Much support was given by local CA)mmunity
members. This will develop fvrther in 2022 with funds provided in the budget to support this project-,
In April. a stewardship Giving campaign was undertaken to replenish the churth reseNes and the
congregation responded generously to increase their donations by 11%.
Leased a house for the Curate for her three years with the church, and a volunteer team redecorated the
intBrior-
Continued to ensure that Health & Safety is glven due care and attention and that the F*opety of the
Parish is maintslned, though with COVID-19 it had been difficult tr• find contractors forworks. During 2021
there were works to repair the Hall roof and attend to plumbing faults..
In August severe ralns led to the floc¥Jlng of the Boller Room ifrepairabl8 damage to the 80iler. Our
insurers o)vered the cost of a replacement. which was recommissioned in November,
Support from Volunteers continues to be eXptIonal. the Buddy programme for peopte who were house
bound, projects undertaking work on Vauxm&ad, repainting the Hall entrance, installing intemet
connection to the parish child worker office. repainting the South wall In the church, etc.;
Continued to keep the children and young people of the Parish at the heart of Its mission:
Ensured its record keeping complies wlth Data Protecaion legislatiC In the foodbank operatlM$ and wlth
our church management IT system.,
Supported the foodbank in its invaluable work in th8 communty in the curTent economic difficultles
imposed by COVID-19.
The PCC Is pl8ased to r8POrt IhaL in 2021, other than the problems resulting from COVID-19. no other major
adverse risk events arose. Desptte the severe impacts arising from COVID-19 Vifus, and the $ignific8nl financial
consequences, the Annual Parochial Annual Me8ting was held on 231h May at which one new PCC memberwas
appolnted and on8 re-elected.
St Peter's Church, Hersham
Financlal results of activiti
In 2021. our Congregatlonal glvlng Increasèd by 12% as follows:
2021
2020
£88,378
£76,407
12%
{12)°/0
2019
£87.066
Voluntary income.
% ID8cylnc
'EKdL**ThJ rethcted sundry donattons. fijnd [alr. legades g1ts4n.fvJnd. but Induthw th8 a11rfJlab18 tax Offl.
In 2021. our total unrestr4cted Income (exduding Vauxmead and the Foodbank) of£255,918 increased
Significantly by £137,264 compared with 2020 due to the nd effect of the following:
Increased Hau rantal incoma of £6,600 duo to reduced COVID-19 closure. Hire rats8 continu8d to be held
at 2018 level to assist hirers to return but are increased from 1st January 2022;
A increase in giving of over £6.000 In donations and giving for the Vicarfs birthday in August of £2,620 also
resulted in increased Grfl Aid being Claimed.
The Legacies bequeathed to th8 thurch for its use totalled £69,515, with an additional Sum for £2,000
the Vicarfs restricted use"
Income also indudes the net In$uranGe claim after the 8xcess totalling £20,652 from the insurance dalm
submitted for the boiler.
In 2021. our unrestricted Charitable aCtivitS expenditure (excluding Vauxmead and the Foodbankl of £211.019
increased overall by £56,299 i.e., an incr&qse of 36Yo compared with 2020. The more significant movements
year-on-year, were as follows:
Cost of replacing the Boiler at £21,652 and associated costs of inspectlon and tempordry heatlng.
Increase In telephone costs due to the need to hold Zoom meetings. plus equipment for the Curate and
Children's worker in Administration ¢>)sts.
Increased costs from weddings and funerals of nearly £7.400 but this is offset by In¢reaged Income of
£17.000 wi¢h an incwse in SeNiS as follows:
No of gervl
Weddings
Funeral seTvic8S
45
23
No major thurGh expenditure for structural work was undertaken In 2021 but volunteers carried out the
intemal redec¥Jration of the Hall entrance, there were hall roof repairs, new sign and plumbing i$$ues
attended to..
Administratlon rAts in purthase of gel. di5penseTr. and masks to meet COVlD-19 regulatlons and additsonal
telephcM)e costs;
The unregtrlcted activltles of the PCC recorded a net Income of £36,879. against a deficit in 2020 of £40.725.
There were surpluses on the restrfcted fttnds activities of Vauxmead of £20,103 {2020 . £21,889) and £24.943
12020 . £64.084) for the Foodbank. The resulting overall total net Income of £118,500 included the loss in
valuation of£3.937 on the Endowment funds held as Investment assets, and a gain of £45,000 on th&
revaluation of the Lcmlge but before a galn of £14.000 on the value of the parish hall.
The Treasury Team reports to the PCC for overall stewardship ofthe financlal resour(xs. The team's normal
aclivities range from gNing financial guidance, to assisting the PCC in the assessment of its budgets. th8
dispo$itlon of assets and fund raising. Ihrough to the day-to-day accounting for income and expenditure.,
Insuran. payyoll admlnlstration and gift aid claims. This indudes the preparation of annual budgets and
qU8rterly accountg for review by the PCC. This budget recognized that the PCC'S financial position remalned
reasonably strong and th8 legacies have improved matters. There remains the possibility of unforeseen costs on
property and the overall effects of the COVID-19 Omlwn variant in 2022 which cannot yet be estimated.
St Peter's Church, Hersham
The PCC reccgnizes that it will need to continue to manage th8 finances closely. On this basis, as tho PCC
believes that it has sufficiant financial resources to meet ils c#Jrrently 8nticipated ne&ls. th858 financial
statements have bèen prepared on a going concem basls.
Pollcy on reserves
The PCC r8tains a range of unrestricted and restricted funds which a described in Notes to the Financial
Statements. The ReseNe Fund 1$ the PCC'S gerwal reserv8 and is held to er its daY-ldaY activlknes.
The Prop8rty Development and Improvem8nt Fund is established to provide for the expected costs of evaluating
inlended improvements to Church buildings and ¢)ther PCC propety. No significant expgnditure was made in
2021.
The Propety Repalr Fund 1$ an amount Set askle to cover qulnqu8nnial Church repair or other prop9ty costs
such as to St Peterfs Lodge. a residential investment propety, or to the vicarage. The PCC expects that thts
reserve will be used wtthin the next four years to cover roofing, refurbishmgnt, and olher costs although it will be
replaced as the PCC sees fit. dep8nd8nt on future building plans. No changes are recommended for 2021 and
the next quinquennial inspection is due in 2023.
The Revaluation Reserv8s in the past relate to revaluation surpluses arising on the Chur¢h Hall building and St
Peterfs Lodgp. This year the Propety indices and general market conditions have increased the Lodge valuation
by £45,000, and the PCC has accepted this new valuation. It is the current intention of the PCC to retain these
properties for its own use as investment properties and to generate renlal income. both of which are important to
th8 PCC'S activities. Therefore, this fund will remain for the foreseeable fvtU dependent on any fubjre decision$
about Ihe disposition of propertie5 by the Strategic & Propety team.
In 2021, th8 PCC has benefrtted from the surplus arising from the management of the Vauxmead site by £20.103
12020 .. £21.889' 2019: £17.904).
The PCC'$ approach to the managgment of its rrv•S is conservative but eonslstent with the requirement to
fijnd its actNlties to meet its vtsion. The policy on resew Is reviewed each year at the time of approving the
financial statemenls.
Management of rlsk
The PCC Continues to identify and manage the risks sthich arise from its day-to-day activities. The PCC views
those ri$kg under the headings of govemance, operational. financial, and extemal regulatory. In the Guildford
di0Se several ¢hurches have had significarst difficulltes in meeting their financial commitments and the
0CeSe had had to give significant support to them and s811 assets to raise fvnds. In 2021 a new Risk Register
was ¢ated. and areas are discussed and reviewed at PCC meetings. The giving by St Peterfs congregation
has maintained the church's unrestricted funds which will meet its fijture commitments untll December 2022.
Part of our cash funds have been reinvested wÉth Nationwide Building Society to spread financial risk.
Areas of risks from the Risk Register are brought to the attention of the PCC for review as a part of the standing
agenda overthe yearand any change$ required are mlnuted and &tioned. The major areas on the regular agenda
for consideration are the following..
Annual budgel and qUarteY rept)rtlng
Authority levels
Bank mandate
Financial reserves policy
Health & safety
Insurance policies
Key-holders
Public relatlons poll
Safeguarding of thikIn and
vulnerable aduits
st Peterfs Church, Hersham
Investm•nt policy
The pollcy of the PCC has been to Invest surplus ftjnds In IowThrisk inlerest4)earlng Investments whh provlde
flexlbllity without penalty. and which meet ethlcal cdteria consistent with Ihe PCC'S vision. The PCC has never
invested surplus funds in higher risk invastments such as equities Of longer-te corporate bonds. In 2020, the
Trnasury Team continu6d to usa 12-month fixed term deposits and with approval from the PCC. with recognised
institutions of suitable standing. However, in 2021 these deposits have r¢ot been rolled over due to the extremely
low interest rates thal were on offer. Surplus fvn*Ys are being held on deposit with Lloyds pending a recovery In
interest rates, but in 2021 a new account was opened with Nallonwide BS- Commercial branch to spread risk
and seek improved retums.
The Treasury Team also regularly reviews the level of funds in 5ts current account to ensure that money Is readi
available to meet our day-t¢>day needs. In November 2019 the PCC agreed that funds up to a maximum of
£7.000 that were held in excess of expected needs, would be invested with Boom CU, a finar181 crjoperative
which makes loans and operates within our local community, helping people In financlal dlfficulty avoid hh
interest lenders and loan sharks. Boom CU are a not-for-profit organlsatlon covered by the Financlal SeThices
Compensation Schemo and in Decemb8r 2021 there were 70 people {2020 . 471 In the KT12 postal area making
US8 of Boom CU.
Foodbank
St Peterfs glves the walt and Hersham foodbank legal, aecounling, and administration services to back-up its
role ag a lead organizatfon In the Watton & Hersh8m parlshes where demand for its servi$ gW signfficantly
during 2020 and into 2021. The PCC has remained pleased to be part of this work together wlth the valued knput
of the Walton on Tharnes Charity through their Foodbank Manager, Mrs Nina Malyon.
During 2021, 4054 people weTr helped {adutts 2148, childTrn 1906) and 1514 {2020 . 1591. 2019". 12491 parcels
issued. whilst in 2020. 4,390 people were helped12397 Adults, 1993 children), a decrease of 8% compared to an
increase of 46% in 2020. All th85t peo8 have b8en referred to the foodbank via Its referral partners.
Most referrals were from Rentstart. a local ¢harfty whl¢h Supports those who are homeless or under throat of
homelessness wfth the second hlghest number of referrals ¢x)ming via Citizens Advice BUa in Walton.
Unfortunately, there remalns a hlgh level of people who are using the foodbank more Ihan once mainly due to the
5 weeks Wa for Unlversal Credlt, a$ well as many people who never thought they would need Ihe services of a
foodbank.
In 202134.000 kilograms of donatsd foKJd has been received {2020 . 41,000 kilograms) and distributed. and thls
includes bulk donations from Te5co, Sainsburys, Waitrose, Morrisons and Sl Mary's Oatlands as well as prlvate
donations and the local street collection5 which have given many local communities the opportunty to u)me
together and support a local cause. The physical hard work by volunteers in receiving, sorting. movlng, and
packing all this food Should not be underestimated. The local and business communities have also responded In
unimagined g6nerosity in cash donation8 which in 2021 totsled £62.195 against £91.527 in 2020. which Indudes
local council grants of£14,500 (2020 £132561. The Foodbank Commrtlee stsrted a strategi¢ review with the input
from the Trussell Trust to seek to be more pro-active in the Relief of Food Poverty and not just provision of
emergency food parcels. Consequenuy. it has been agreed in principle that Ihe Foodbank operations will be
transferred to Walton on Thames Charity Ino. 11859591. who have greater resources and experience in moving
towards extended operations in the future beyond just emergency food parcel mattern and be of greater
assistan¢e in the Walton and Hersham Communities.
St Peterfs Church, Hersham
Vauxmead
The PCC is the managing trustee of the V8uxme8d field and in this rote, it continues to malntsSn and invest in
upgrading the site Subject lo the needs of its users and 8vailable fvnds. The PCC sees the primary pun)ose for
the sÉte lo be to retsin il as an open space in the middle of Hersham and to use it for spjrts, games and
community events.
The field experfenced reduced usage in 2021 due to the COVID-19 reStrtionS in place durlng Ihe year, maklThJ
r( more difficult for users to plan for events and galherings. Notwithstanding Ihis. good use was made of the
fiekl. particulady by the Walton & Hersham United Football Club which uses the field for their younger players-
boys and girls under the age of 10. The buildings on the site continue to be used by their respective tenants with
the Burwood Preschool, a nol-for-profit registered charity. renting Ihe St Petels Instllute hall. the Guides rentlng
the land for their building and the Foodbank using the garage for food storage and distribulion. The use of the
site by these groups serves th& purposes of supporting the local commun4ty' maklng the Vauxmead field and
buildings more than self-sufficient from a financial perspective and enabllng ts PCC to enhance its local
community links by providing important outreach opportunittes.
Mission support donatlons
The ongoing policy of the PCC is to donate each year an amount equal to a proportion {currenlty. a minimum of
12.5 /ol of its budgeted voluntary income from regular gwing (incl Grft Atd), forthe work of Christian mission OLrtside
the parish. both abroad and in the UK. It had prevlously been decided by Ihe PCC that notwlthstandlng any
reduced level of giving, the amount8 set aside for mission supwrt should not be reduced below their prevbus
levels. This year the PCC has donated at an effective rate of 140k (2020 14%, 2019= 12.6Yol of voluntary regular
income and r81ated Gift Ai¢J. Support this year was to our home mission, the Hersham Youth Trust. and three
overseas mission$, through prayer and donations, together with Elmbridge CAN for Afghan and Syrlan refugees.
Tho Future
During 2022, the PCC will be applying the funds from the legacy bequestg in 2021 towards work of the new
Team Structure with the objective of improving how we address the ¢J)re values of St Peterfs, namety, to b6
Attractlng. Engaglng. and Involving, cOrntrating on num8ri¢81 and Splrftual growth. and reaching out to our
communty. A budget proposing thi3 wa3 Put to the PCC meeting on 171h November and approved. Over811, it
is a budget with 8 £71,000 deficit. byl £17.000 of thig will be met from the restricted funds from the Charfes
Sparks restricted fvnd. It will pem)tt the church lo resume its objectives of Attractlng new members, Engaglng
with the spiritual beliets of the congregation and Involvlng with all in the lo1 community and schoob.
10
St Peterfs Church, Hersham
A personal note from the Vlcar
On behalf of the PCC, l thank everyone involved in the different groups and teams that make up the St Peterfs
family. The minlslry team and wardens appreciate Ihe part that each of you play in the ministy and mission of our
church.
As I write this nole. the public heatth lock down measures during the COVID-19 pandemi< in which all worshlp
and public services have been problematic. have certainly diminished and I trusl they continue lo diminish. The
effeds of vaccination and booster programmes have proved b8neficial and allowed us to r8-inlroduce
communion in St Peterf$. During the pandemic we have had to find new ways of'being a church. In our
communty and we had continued worshipping together online and found new ways of stsying in contsct with
the congregation and communty. This has given us a real opportunity to explore how we minister in the fvture
as we continue to strive to show God's love and live out God's vision in our parish. We have started to explore
wlth the 8S$iStance of the Diocese Mission Enabler to fOUlate a Parish Needs Plan of 3 main drives for
2022123
Signed on behalf of the Parochial Church Counol.
Revd. Jac
e Rlchardson
Chair of PCC
2022
St Peter's Church, Hersham
The law appllc8ble to tharttles In England and Wales requlres the Tnjstees to prepare financial statements for
eaGh finanGial year which give a true and fair vlew of th& Charws financlal actfvltles during the year and of ils
nancial position at the end of the year.
In preparing financial statements giving and true and fair vlew. the Trustees slK)uld follow best pracllce and:
1. Select Subtable accounting pollcles and apply Ihem consistenlly: make judgements and estimat8S that are
reasonable and prudent
2. Slate whe*her apicable acca)untlng standards and stat6ments of recommended practice have been
follow&S, subject to any departures disclosed and explained in the financial statements:
3. State whether applicable accountlng standards and statements of recommended pract1 have been
followed, subject to any departures disclosed and explained In the financlal statements..
4. Prepare th8 financial statements on the golng concem basls unless It Is Inappropriate to presume the Charity
will continue in operation.
The Trustses are responsible for keeping accounting records which disdose with reasonable accuracy the
financial positlon of the Charity, and whiGh enable them to asc8rtain Ihe financial position of the Charity. and
whith enable them to ensure that thg financial statements comply with applicable regulations.
The Trustees are also resF)onsible for safeguarding the 8$sots ofthe Charity and hence ts taking reasonable
steps for the prevention and detection of fraud and other irregularthes.
12
ST PETER'S HERSHAM PAROCHIAL CHURCH COUNCIL
INDEPENDEKf EXAMINER'S REPORT
TO THE PCC MEMBERS OF ST PETER'S HERSHAM PAROCHIAL CHURCH COUNCIL
I raKX)rt to the PCC m8mbers on my examination of th8 financ4al ststements of St Peterfs Hersham Parochlal
Church Council (tho Parothial Church Council) for the year ended 31 December 2021.
R•sponslbllltl•s and bas1• of r•port
As the PCC rnomb8r8 of the Paroch Chuwh cou1 you are Te6ponsibl8 for thè proparation of lh8 finandal
8tatements in 8ccordanc8 wilh the requTrments of Ihè Chaiib¢$Act 20111th8 2011 Acll.
I report In reswt ol my ¢xamlnatlon of thfr Parochial Churth Cwnul's financral statements Carrièd out undor
88ction 145 of the 2011 Att. In ¢arrying CYJt my examination I have foJknw¢d all the appluble Directklns gfvon by
tho Charity Comm18sIc 8ectkv$ 145(5Xb) of th8 2011 *L*.
knd•p•nd•nt •mIn•* stat•m•rt
Slnce the Par0th1 Church Council's gross Income exceeded £250.000 your axaminef mu81 be a membor of a
body Ilsted in sedon 145 of the 2011 Art I cfirM that l am qualrfled lo undort8kg tha 8xamlnatk•n bU$0 I
am a member of theA980dallon of Chart•r8d c•rtMled Accwntsnts. whlth Is on8 ofthe IL8ted bodles.
Your attentlon 18 dr8Wn to thè that the ¢h8rlty hos pr8paTed finandal 8t8t8monts kn accordance wlth
Accountbng 8nd Rewung by Chariues Fryarfng ihelr accounts Sn accordance wilh the Finandal R8portlng
standard applicable in the UK 8nd R&public of IrelaThJ IFRS 1021 in pref8ren¢o to the Accounting and Reportlng
by Charftles.. Ststement of R0MmarK1¢ ProCtlc* Issued on 1 WI 2005 whlth Is r¥forrod to In the extant
regulallons but has now bean vAlhdrawn.
l undarstsnd that thls ha8 beèn dono In orfer for flnandal stat8m8nts to prode a tr and fatr vl8w In
aco)rdancg with Gen8rally Apted AcCn11n9 Practic¢ lor reportlng periods boglnnlng on or after 1
January 2015.
I hav8 mpletd my examlnatlon. l o)nllrm thot rn rnattars hav8 comè to my 8tt•ntlon In connacllon with thè
minalSon glving m8 cause to believe that In any matgrtal r88pecl'.
accounting records wor• not kept In respect of th8 Parochkgl Chu1 Councl 88 r•qulrfjd by 88ctlon 130 of
the 2011 Act: or
the financial statements do not 8¢cord wth those records.. or
the financial stalemonts do not COM the applicab rnquiremnts o)nc4mhg th8 form and content of
occounts 881 out In the Ch&rfUe8 {Aceounts and Rgportsl R8gulaUons 2008 other than any roquligm8nt that
tho accounts tyvg a trua and falr vlew whkh is nol a mattw consld9rod as wt ot an independent
examination.
I havo no ccnc*ms and have tt)mè acro88 no other mattws In comedlon wlth Ihe examinatitin to whlth attantlon
Jhould be drawn in thls rnpjrt In order to enab a proper undwslarvjlng of the financLg1 statements to b
reached.
F J Wlldg FCCA MBA DChA
Wamar Wkl
4 Marlgold Diive
Bisley
sUrY
GU24 9SF
IM
13-
## **ST PETER'S HERSHAM PAROCHIAL CHURCH COUNCIL**
## **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**
157,893
127,410
-
Charitable activities
**4**
24,449
-
-
Investments
**5**
38,328
32,835
-
Other income
**6**
34,248
-
-
**Total income**
254,918
160,245
-
**Expenditure on:**
Raising funds
**7**
8,020
-
-
Charitable activities
**8**
211,018
119,687
-
**Total resources expended**
219,038
119,687
-
Net gains/(losses) on investments
**13**
45,000
-
(3,937)
**Net incoming/(outgoing) resources**
**before transfers**
80,880
40,558
(3,937)
Gross transfers between funds
20,102
(20,102)
-
**Net incoming/(outgoing) resources**
100,982
20,456
(3,937)
**Other recognised gains and losses**
Revaluation of tangible fixed assets
14,000
-
-
**Net movement in funds**
114,982
20,456
(3,937)
Fund balances at 1 January 2021
1,186,753
381,625
59,683
**Fund balances at 31 December 2021**
1,301,735
402,081
55,746|**Total**
**2021**
**£**
285,303
24,449
71,163
34,248
415,163
8,020
330,705
338,725
41,063
117,501
-
117,501
14,000
131,501
1,628,061
1,759,562|**Total**
**2020**
**£**
295,834
9,493
67,262
735
373,324
4,659
273,590
278,249
2,004
97,079
-
97,079
(10,000)
87,079
1,540,982
1,628,061|
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
- 14 -
## **ST PETER'S HERSHAM PAROCHIAL CHURCH COUNCIL**
## **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**
76,407
219,427
-
Charitable activities
**4**
9,493
-
-
Investments
**5**
32,289
34,973
-
Other income
**6**
465
270
-
**Total income**
118,654
254,670
-
**Expenditure on:**
Raising funds
**7**
4,659
-
-
Charitable activities
**8**
154,720
118,870
-
**Total resources expended**
159,379
118,870
-
Net gains/(losses) on investments
**13**
-
-
2,004
**Net incoming/(outgoing) resources before transfers**
(40,725)
135,800
2,004
Gross transfers between funds
22,629
(22,629)
-
**Net incoming/(outgoing) resources**
(18,096)
113,171
2,004
**Other recognised gains and losses**
Revaluation of tangible fixed assets
(10,000)
-
-
**Net movement in funds**
(28,096)
113,171
2,004
Fund balances at 1 January 2020
1,214,849
268,454
57,679
**Fund balances at 31 December 2020**
1,186,753
381,625
59,683|**Total**
**2020**
**£**
295,834
9,493
67,262
735
373,324
4,659
273,590
278,249
2,004
97,079
-
97,079
(10,000)
87,079
1,540,982
1,628,061|
|---|---|
- 15 -
ST PETER'S HERSHAM PAROCHIAL CHURCH COUNCIL
BALANCE SHEET
AS A T 31 DECEAIBER 2021
2021
2020
Flxod a•••ts
Tangible assets
Investrnent woperties
Investm6nt8
14
15
18
551,310
831,500
55.745
533,793
786,5Crf)
59.682
1.438,555
1,379,975
Cun•nt a•ts
18
250
36,135
292.414
2SO
14,336
Debtor8
Cash at bank and In hand
328.799
261,130
Cr•dltor•: amounts f•lllng
on• y•ar
(7.792)
{13,044)
N•t eurrnnt a88ets
321.007
248,086
Total ••••t• l•M cmnt Il•bllltl••
1,759,562
1.828,061
CapllAI nd1
Endowment fund8- yn•rnl
In¢¢xn• fvnd•
G¢ner81 restrict fiJnd•
Revaluatfron rer
21
66,746
59,883
170,081
232.000
149,825
232,000
402,081
381,825
General unrestrfcted fvn(ts
Rèvaluation reserye
199.735
1,102.0
98,753
1,088.000
1.301,7
1,186,763
1.759.582
1.628,081
Thè financial statomwlts re approved by ts PCC Menrt)ern on ........ .
- 4A/.LJ.
16-
**ST PETER'S HERSHAM PAROCHIAL CHURCH COUNCIL**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
## **1 Accounting policies**
## **Charity information**
St Peter's Hersham Parochial Church Council is a charity registered with the Charity Commission and a part of the Church of England established by the Parochial Church Council's (Powers) Measure 1956 as amended by the Church Representation Rules.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the Parochial Church Council's governing document, 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 Parochial Church Council is a Public Benefit Entity as defined by FRS 102.
The Parochial Church Council 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 Parochial Church Council . 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 PCC members have a reasonable expectation that the Parochial Church Council has adequate resources to continue in operational existence for the foreseeable future. Thus the PCC members continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the PCC members in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are 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 Parochial Church Council.
## **1.4 Income**
Income is recognised when the Parochial Church Council is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the Parochial Church Council 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.
- 17 -
## **ST PETER'S HERSHAM PAROCHIAL CHURCH COUNCIL**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
## **1 Accounting policies**
## **(Continued)**
Legacies are recognised on receipt or otherwise if the Parochial Church Council 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**
A liability is recognised when either a legal or constructive obligation is identified.
## **Mission Support**
Donations are accounted for when paid or awarded, if that award created a binding obligation on the PCC.
## **1.6 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold land and buildings straight line basis over 50 years (buildings only) Plant and equipment straight line basis over 4 years Fixtures and fittings straight line basis over 4 years
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities .
## **1.7 Investment properties**
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in net income/expenditure for the year.
## **1.8 Fixed asset investments**
Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year . Transaction costs are expensed as incurred.
## **1.9 Impairment of fixed assets**
At each reporting end date, the Parochial Church Council reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any ) .
## **1.10 Stocks**
Stocks of stationery are stated at the lower of cost and estimated selling. The stocks of food held by the foodbank are valued at nil cost. All food has been donated by stores, churches or public and none of it will be retailed. The Trussell Trust Franchise requires weight of food donated and issued to be recorded and stock held at 31 December 2021 was approximately 13,000 kilograms. Value of stock issued was approximately 34,000 kilograms and is valued at the Trussell trust indicator of £1.75 per kilogram.
The foodbank was transferred to Walton-on-Thames charity no. 1185959 on 9 May 2022.
- 18 -
## **ST PETER'S HERSHAM PAROCHIAL CHURCH COUNCIL**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
## **1 Accounting policies**
## **(Continued)**
## **1.11 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.
## **1.12 Financial instruments**
The Parochial Church Council has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Parochial Church Council 's balance sheet when the Parochial Church Council becomes party to the contractual provisions of the instrument.
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the Parochial Church Council ’s contractual obligations expire or are discharged or cancelled.
## **1.13 Employee benefits**
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
## **1.14 Retirement benefits**
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
## **1.15 Associated Organisations**
Associated organisations are St Peter's Fellowship, Walton & Hersham foodbank (The 'foodbank') . Surpluses/deficits arising from these activities are applied for the key purpose of each.
Their accounts are included as a part of these PCC accounts. St Peter's Fellowship is an organization of members of the congregation which undertakes its own fund raising and incurs costs , including charitable donations, pursuing activities in line with the broader purpose of St Peter's Church.
The foodbank is supported non financially, by St Peter's PCC, the Walton Charity and St Mary's and St John's and also by local charitable giving by individuals, other local churches and local businesses.
- 19 -
## **ST PETER'S HERSHAM PAROCHIAL CHURCH COUNCIL**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
## **2 Critical accounting estimates and judgements**
In the application of the Parochial Church Council’s accounting policies, the PCC members 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**
**2021**
**2021**
**£**
**£**
Donations and gifts
88,378
65,500
Legacies receivable (3)
69,515
2,000
Donated goods and
services
-
59,910
157,893
127,410|**Total**Unrestricted
Restricted
funds
funds
**2021**
2020
2020
**£**
£
£
153,878
76,407
147,238
71,515
-
-
59,910
-
72,189
285,303
76,407
219,427|Total
2020
£
223,645
-
72,189
295,834|
|---|---|---|
The foodbank cash donations in 2021 were £63,487 (2020: £95,742). Other amounts were collections and dispersed in the year. The donated goods relates to the value of food donated to the foodbank.
## **4 Charitable activities**
||**PCC fees**|**PCC fees**|
|---|---|---|
||**and St**|**and St**|
||**Peter's**|**Peter's**|
||**Fellowship**|**Fellowship**|
||**2021**|**2020**|
||**£**|**£**|
|Weddings and Funeral Fees received|24,449|7,126|
|Fellowship and GEMS|-|2,367|
||24,449|9,493|
## **Charitable trading income**
GEMS ceased in 2021 and was replaced by Sunday Club and toddlers Group.
- 20 -
## **ST PETER'S HERSHAM PAROCHIAL CHURCH COUNCIL**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
## **5 Investments**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2021**
**2021**
**£**
**£**
Rental income
38,214
31,265
Interest receivable
114
1,570
38,328
32,835|**Total**Unrestricted
Restricted
funds
funds
**2021**
2020
2020
**£**
£
£
69,479
31,582
33,015
1,684
707
1,958
71,163
32,289
34,973|Total
2020
£
64,597
2,665
67,262|
|---|---|---|
Restricted rental income £31,265 relates to Vauxmead, being field usage, guide hut and pre school rental income. Unrestricted rental income of £38,214 represents Hall Income (£20,814) and Lodge Income of £17,400.
## **6 Other income**
|**Unrestricted**Unrestricted
Restricted
**funds**
funds
funds
**2021**
2020
2020
**£**
£
£
Other income
13,754
465
270
Insurance claim
20,494
-
-
34,248
465
270|Total
2020
£
735
-
735|
|---|---|
Oher income includes a Covid Business Interruption Grant of £10,240 from Elmbridge Council and £2,620 donated for the Vicar's birthday celebration.
## **7 Raising funds**
||**Unrestricted**|Unrestricted|
|---|---|---|
||**funds**|funds|
||**2021**|2020|
||**£**|£|
|Fundraising and publicity|||
|Advertising|19|50|
|Investment management|8,001|4,609|
||8,020|4,659|
- 21 -
## **ST PETER'S HERSHAM PAROCHIAL CHURCH COUNCIL**
**NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
## **7 Raising funds**
**(Continued)**
Investment management costs relate to the maintenance, agents fees and Insurance of St Peter's Lodge, a residential property owned by the PCC and rented out.
- 22 -
## **ST PETER'S HERSHAM PAROCHIAL CHURCH COUNCIL**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
## **8 Charitable activities**
|**Ministry Worship &**
**Prayer**
**Church &**
**Vicarage**
**Upkeep Hall**
**& Lodge**
**Walton &**
**Hersham**
**Foodbank**
**Vauxmead**
**2021**
**2021**
**2021**
**2021**
**2021**
**2021**
**£**
**£**
**£**
**£**
**£**
**£**
Staff costs
5,050
-
-
549
-
-
Depreciation and impairment
-
-
-
(5,230)
-
1,713
Parish Pledge
74,249
-
-
-
-
-
Clergy expenses including training
25,680
-
-
-
-
-
Upkeep of services
-
6,835
-
-
-
-
Pastoral care
2,893
-
-
-
-
-
Occasional offices
11,555
-
-
-
-
-
Christian development - courses and groups
653
-
-
-
-
-
Food donated and purchased
-
-
-
-
73,960
-
Storage [Foodbank]
-
-
-
-
4,734
-
Professional fees [office expenses]
-
-
-
-
-
503
Subscriptions
-
-
-
361
-
-
Utilities
-
-
5,971
2,194
-
-
Repairs and maintenance [including boiler replacement]
-
-
21,614
6,867
-
6,483
Insurance
-
-
8,438
1,393
-
-
Other expenses
-
-
58
-
9,398
-
120,080
6,835
36,081
6,134
88,092
8,699
Grant funding of activities (see note 9)
14,013
-
-
-
-
-
Share of support costs (see note 10)
36,502
-
-
-
10,362
2,463
Share of governance costs (see note 10)
1,444
-
-
-
-
-
172,039
6,835
36,081
6,134
98,454
11,162|**Total**
**2021**
**£**
5,599
(3,517)
74,249
25,680
6,835
2,893
11,555
653
73,960
4,734
503
361
8,165
34,964
9,831
9,456
265,921
14,013
49,327
1,444
330,705|**Total**
**2020**
**£**
542
7,313
78,911
1,855
6,054
249
4,772
2,531
73,467
6,366
1,020
767
6,613
2,715
6,295
15,198
214,668
12,469
45,163
1,290
273,590|
|---|---|---|
- 23 -
## **ST PETER'S HERSHAM PAROCHIAL CHURCH COUNCIL**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
|**8**
**Charitable activities**
**Analysis by fund**
Unrestricted funds
Restricted funds|163,539
8,500
172,039|6,835
-
6,835|35,606
475
36,081|5,038
1,096
6,134|-
98,454
98,454|-
11,162
11,162|**(Continued)**
211,018
154,720
119,687
118,870
330,705
273,590|
|---|---|---|---|---|---|---|---|
The use of restricted funds for the church and hall relate to the endowment income from the Christian and Blake endowments as explained in note 21.
- 24 -
## **ST PETER'S HERSHAM PAROCHIAL CHURCH COUNCIL**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
## **8 Charitable activities**
|**Charitable activities**||||||||**(Continued)**|
|---|---|---|---|---|---|---|---|---|
|**For the year ended 31 December 2020**|||||||||
||**Ministry**|**Worship &**|**Church &**|
**Upkeep Hall**||**Walton &**|**Vauxmead**|
**Total**|
|||**Prayer**|**Vicarage**||**& Lodge**|**Hersham**||**2020**|
||**£**|**£**|**£**||**£**|**Foodbank**
**£**|**£**|
**£**|
|Staff costs|-|-|-||542|-|-|
542|
|Depreciation and impairment|-|-|369||5,230|-|1,714|
7,313|
|Parish Pledge|78,911|-|-||-|-|-|
78,911|
|Clergy expenses including training|1,855|-|-||-|-|-|
1,855|
|Upkeep of services|-|6,054|-||-|-|-|
6,054|
|Pastoral care|249|-|-||-|-|-|
249|
|Occasional offices|4,772|-|-||-|-|-|
4,772|
|Christian development - courses and groups|2,531|-|-||-|-|-|
2,531|
|Food donated and purchased|-|-|-||-|73,467|-|
73,467|
|Storage [Foodbank]|-|-|-||-|6,366|-|
6,366|
|Professional fees [office expenses]|-|-|-||-|-|1,020|
1,020|
|Subscriptions|-|-|-||767|-|-|
767|
|Utilities|-|-|4,570||2,043|-|-|
6,613|
|Repairs and maintenance [including boiler replacement]|-|-|(4,777)||1,396|-|6,096|
2,715|
|Insurance|-|-|5,259||1,036|-|-|
6,295|
|Other expenses|-|-|75||185|14,912|26|
15,198|
||88,318|6,054|5,496||11,199|94,745|8,856|
214,668|
|Grant funding of activities (see note 9)|12,469|-|-||-|-|-|
12,469|
|Share of support costs (see note 10)|33,521|-|-||-|9,102|2,540|
45,163|
|Share of governance costs (see note 10)|1,290|-|-||-|-|-|
1,290|
||135,598|6,054|5,496||11,199|103,847|11,396|
273,590|
**Analysis by fund**
- 25 -
## **ST PETER'S HERSHAM PAROCHIAL CHURCH COUNCIL**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
|**8**
**Charitable activities**
Unrestricted funds
Restricted funds|133,929
1,669
135,598|6,054
-
6,054|4,130
1,366
5,496|10,607
592
11,199|-
103,847
103,847|**(Continued)**
-
154,720
11,396
118,870
11,396
273,590|
|---|---|---|---|---|---|---|
The use of restricted funds for the church and hall relate to the endowment income from the Christian and Blake endowments as explained in note 21.
- 26 -
## **ST PETER'S HERSHAM PAROCHIAL CHURCH COUNCIL**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
## **9 Grants payable**
||**Ministry**|Ministry|
|---|---|---|
||**2021**|2020|
||**£**|£|
|Grants to home and overseas missions|||
|Other|14,013|12,469|
## **10 Support costs**
|**Support**
**costs**
**Governance**
**costs**
**£**
**£**
Staff costs
29,313
-
IT software and small
consumables
7,036
-
Office expenses and
administration
12,899
-
Bank and finance
charges
73
-
Other support expenses
5
-
Independent
Examination
-
1,278
PCC expenses
-
166
49,326
1,444
Analysed between
Charitable activities
49,327
1,444|**2021**
Support
costs
Governance
costs
**£**
£
£
29,313
27,334
-
7,036
6,229
-
12,899
11,641
-
73
(57)
-
5
15
-
1,278
-
1,290
166
-
-
50,770
45,162
1,290
50,771
45,163
1,290|2020
£
27,334
6,229
11,641
(57)
15
1,290
-
46,452
46,453|
|---|---|---|
## **11 PCC Members**
The clergy and 5 members of the PCC (2020: 6) received payments during the year, these being the reimbursement of approved expenses and the payment of fees related to Verger duties, in accordance with the PCC approved schedule of rates. The aggregate amount of all payments to members of the clergy and PCC during the period of office in the year was £8,960 (2020: £3,431).
## **12 Employees**
The average monthly number of employees during the year was:
||**2021**|**2020**|
|---|---|---|
||**Number**|**Number**|
|Administration & maintenance|2|1|
- 27 -
## **ST PETER'S HERSHAM PAROCHIAL CHURCH COUNCIL**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
|**12**
**Employees**
**Employment costs**
Wages and salaries
Other pension costs|**(Continued)**
**2021**
**2020**
**£**
**£**
32,951
26,068
1,961
1,808
34,912
27,876|
|---|---|
The average monthly number of employees during the year was 4 (2020: 3) part time employees, which equates to 1.5 full time staff (rounded to 2 in the note to the accounts).
During the year the PCC employed a part-time parish secretary, an administrator for the Vauxmead property and a church hall cleaner. The associated costs are included within administration salary expenses, Vauxmead expenses and upkeep of church property expenses. During 2021 the church recruited a Children and Families Coordinator in September and these costs are supported by the Charles Sparks Trust Fund received in 2020.
There were no employees whose annual remuneration was more than £60,000.
## **13 Net gains/(losses) on investments**
||**Unrestricted**|**Endowment**|**Total**|Endowment|
|---|---|---|---|---|
||**funds**|
**funds**||funds|
|||**general**||general|
||**2021**|
**2021**|**2021**|2020|
||**£**|
**£**|**£**|£|
|Revaluation of investments|45,000|
(3,937)|41,063|2,004|
- 28 -
## **ST PETER'S HERSHAM PAROCHIAL CHURCH COUNCIL**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
|**14**
**Tangible fixed assets**
**Freehold land**
**and buildings**
**Plant and**
**equipment**
**Fixtures and**
**fittings**
**£**
**£**
**£**
**Cost**
At 1 January 2021
535,000
50,470
11,179
Revaluation
14,000
-
-
At 31 December 2021
549,000
50,470
11,179
**Depreciation and impairment**
At 1 January 2021
5,230
47,005
10,621
Depreciation charged in the year
-
1,155
558
Elimination of Depreciation on Revaluation
(5,230)
-
-
At 31 December 2021
-
48,160
11,179
**Carrying amount**
At 31 December 2021
549,000
2,310
-
At 31 December 2020
529,770
3,465
558|**Total**
**£**
596,649
14,000
610,649
62,856
1,713
(5,230)
59,339
551,310
533,793|
|---|---|
The freehold land and buildings comprise the Church Hall and Vauxmead. the Church Hall has been valued by the PCC at 31 December 2021 on a replacement cost basis at £537,000 (2020: £523,000), and the land at Vauxmead is at an estimated open market value of £12,000 (2020: £12,000).
## **15 Investment property**
|**Fair value**
At 1 January 2021
Net gains or losses through fair value adjustments
At 31 December 2021|**2021**
**£**
786,500
45,000
831,500|
|---|---|
Investment property comprises land and buildings at Vauxmead (£221,500) and St Peter's Lodge (£610,000). The fair value of the investment property has been arrived at on the basis of a valuation carried out by the PCC. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.
- 29 -
## **ST PETER'S HERSHAM PAROCHIAL CHURCH COUNCIL**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
|**15**
**Investment property**
Estimated value of land:
Freehold
Long leasehold
Short leasehold
**16**
**Fixed asset investments**
**Cost or valuation**
At 1 January 2021
Valuation changes
At 31 December 2021
**Carrying amount**
At 31 December 2021
At 31 December 2020
**17**
**Financial instruments**
**Carrying amount of financial assets**
Instruments measured at fair value through profit or loss
**18**
**Stocks**
Office Stationery|**(Continued)**
**2021**
**2020**
**£**
**£**
305,000
299,500
-
-
-
-
**Listed**
**investments**
**£**
59,682
(3,937)
55,745
55,745
59,682
**2021**
**2020**
**£**
**£**
55,745
59,682
**2021**
**2020**
**£**
**£**
250
250|
|---|---|
- 30 -
## **ST PETER'S HERSHAM PAROCHIAL CHURCH COUNCIL**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
|**19**
**Debtors**
**Amounts falling due within one year:**
Other debtors
Prepayments and accrued income|**2021**
**£**
32,137
3,998
36,135|**2020**
**£**
9,161
5,175
14,336|
|---|---|---|
Other debtors include the boiler insurance claim plus Gift Aid due from HMRC, both received in 2022.
## **20 Creditors: amounts falling due within one year**
|**Creditors: amounts falling due within one year**|||
|---|---|---|
||**2021**|**2020**|
||**£**|**£**|
|Accruals and deferred income|7,792|13,044|
- 31 -
## **ST PETER'S HERSHAM PAROCHIAL CHURCH COUNCIL**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
## **21 Endowment funds**
Endowment funds represent assets which must be held permanently by the Parochial Church Council. Income arising on the endowment funds can be used in accordance with the objects of the Parochial Church Council and is applied as unrestricted income. Any capital gains or losses arising on the assets form part of the fund.
||||**Movement in funds**|**Movement in funds**||||**Movement in funds**|**Movement in funds**|||
|---|---|---|---|---|---|---|---|---|---|---|---|
||**Balance at**|**Incoming**|**Resources**|**Transfers**|**Revaluations**|
**Balance at**|**Incoming**|**Resources**|**Transfers**|**Revaluations**|**Balance at**|
||**1 January 2020**|**resources**|**expended**||**gains and**|
**1 January 2021**|**resources**|**expended**||**gains and**|**31 December**|
||||||**losses**|||||**losses**|**2021**|
||**£**|**£**|**£**|**£**|**£**|
**£**|**£**|**£**|**£**|**£**|**£**|
|**Permanent endowments**||||||||||||
|E S Blake||||||||||||
|Legacy|17,431|592|(592)|-|605|
18,036|475|(475)|-|(1,190)|
16,846|
|G J Christian||||||||||||
|Legacy|40,248|1,366|(1,366)|-|1,399|
41,647|1,096|(1,096)|-|(2,747)|
38,900|
||57,679|1,958|(1,958)|-|2,004|
59,683|1,571|(1,571)|-|(3,937)|
55,746|
- 32 -
## **ST PETER'S HERSHAM PAROCHIAL CHURCH COUNCIL**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
## **21 Endowment funds**
**(Continued)**
The earliest available valuation of these funds was 31 December 2005, when the Blake investments were valued at £17,684 and the Christian investments at £40,834.
Endowment funds represent money given to the Church with the specific instruction that only the income received is available to the PCC. These funds are held on behalf of the PCC by the Guildford Diocesan Board of Finance. The income from these trusts has been used for the purposes as set out below.
## _E S Blake Legacy_
· This was a legacy from Mr. E S Blake. Quoting from a letter dated 24 January 1958 from the Guildford Diocesan Board of Finance, it is held by the “…Guildford Diocesan Board of Finance upon trust for the endowment or augmentation of the income of the benefice of the Parish of Hersham…and the Assistant Clergy if any of that Parish….”
## _G J Christian Legacy_
· This was a legacy from Mr. G J Christian. Quoting from the will of Mr. G J Christian, it is held by the “…Guildford Diocesan Board of Finance upon trust…. to pay the net income thereof to the Parochial Church Council of the Parish of Hersham…for the maintenance and upkeep and adornment (including insurance against
fire and other risks) of the Fabric of the Parish Church.”
## **22 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:
|||**Movement in funds**|**Movement in funds**|||**Movement in funds**|**Movement in funds**|||
|---|---|---|---|---|---|---|---|---|---|
||**Balance at**|**Incoming**|**Resources**|**Transfers**|**Balance at**|**Incoming**|**Resources**|**Transfers**|**Balance at**|
||**1 January 2020**|**resources**|**expended**|**1**|**January 2021**|**resources**|**expended**||**31 December**|
||||||||||**2021**|
||**£**|**£**|**£**|**£**|**£**|**£**|**£**|**£**|**£**|
|Mothering sunday|662|-|-|-|662|-|-|-|662|
|WH Spencer Legacy|740|-|-|(740)|
-|-|-|-|-|
|E S Blake Legacy|-|592|(592)|-|-|474|(474)|-|-|
|G J Christian Legacy|-|1,366|(1,366)|-|-|1,096|(1,096)|-|-|
|The Foodbank|27,094|167,931|(103,847)|-|91,178|123,397|(98,454)|-|116,121|
- 33 -
## **ST PETER'S HERSHAM PAROCHIAL CHURCH COUNCIL**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
## **22 Restricted funds**
|**Restricted funds**
Vauxmead
Other and Special Donations
Revaluation Reserve (Vauxmead)
Charles Sparkes Trust
M Blacker Legacy|-
7,958
232,000
-
-
268,454|33,285
(11,396)
1,669
(1,669)
-
-
49,827
-
-
-
254,670
(118,870)|(21,889)
-
-
-
-
(22,629)|-
7,958
232,000
49,827
-
381,625|31,265
(11,163)
2,013
(2,013)
-
-
-
(6,487)
2,000
-
160,245
(119,687)|**(Continued)**
(20,102)
-
-
7,958
-
232,000
-
43,340
-
2,000
(20,102)
402,081|
|---|---|---|---|---|---|---|
- 34 -
## **ST PETER'S HERSHAM PAROCHIAL CHURCH COUNCIL**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
## **22 Restricted funds**
**(Continued)**
The Charles Sparks Trust donation is a fund for assisting aged and young people and its planned use is the appointment of a part time youth worker for the Hersham Community and Schools.
Restricted funds represent funds that have been restricted by the donors for a particular purpose and they cannot be used by the PCC for any other purpose except by agreement with the donor or as determined by the Courts or the Charity Commission. They can include collections in church and fund raising events for a particular purpose.
## _Mothering Sunday_
· This was a legacy from Mr. R Berridge in the 1950s for the purchase of Mothering Sunday flowers.
## _E S Blake and G J Christian Legacies_
· These are the accumulated interest receipts from the E S Blake and G J Christian Endowment Funds. The purpose is explained under the Endowment Fund description.
## _Walton and Hersham foodbank_
· These are the accumulated donations (in cash or food collections) in respect of the foodbank, less the related accumulated expenses. Food distributions made from charitable giving by the foodbank are valued on the basis of an estimate of their average retail value using guidance provided by the Trussell Trust.
## _Vauxmead_
· The PCC is the managing trustee for the Vauxmead site which is opposite the church on the Burwood Road. The Trust was established to use the site for outdoor sports and equivalent activities and for the use and benefit of the PCC. The financial surplus or deficit arising from the site is for the benefit of the PCC's own funds. The PCC is continuing consultation with the Charity Commission in order to update and clarify the powers of the PCC as managing trustee.
## _Other and special donations_
· These funds represent amounts that were allocated from prior years income for specific church betterment projects and other restricted purposes which have now expired or been spent in part. Use of these funds will be reviewed in 2022 for use in projects for the betterment of the church, once agreed at PCC meetings. There was a specific Legacy from Mrs Blacker in 2021 of £2,000 for the Vicar to use at her discretion.
- 35 -
## **ST PETER'S HERSHAM PAROCHIAL CHURCH COUNCIL**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
|**23**
**Analysis of net assets between funds**
**Unrestricted**
**funds**
**Restricted**
**funds**
**Endowment**
**funds**
**2021**
**2021**
**2021**
**£**
**£**
**£**
Fund balances at 31 December 2021 are
represented by:
Tangible assets
551,310
-
-
Investment properties
599,500
232,000
-
Investments
-
-
55,745
Current assets/(liabilities)
150,925
170,081
1
1,301,735
402,081
55,746|**Total**Unrestricted
funds
**2021**
2020
**£**
£
551,310
533,793
831,500
554,500
55,745
-
321,007
98,461
1,759,562
1,186,754|Restricted
funds
Endowment
funds
2020
2020
£
£
-
-
232,000
-
-
59,682
149,625
-
381,625
59,682|Total
2020
£
533,793
786,500
59,682
248,086
1,628,061|
|---|---|---|---|
- 36 -
# **ST PETER'S HERSHAM PAROCHIAL CHURCH COUNCIL**
# **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
## **24 Related party transactions**
There are no disclosable related party transactions during the year (2020 - none) .
- 37 -