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2021-12-31-accounts

Parochial Church Council Trustees Annual Report

2021

Contents

Reference Information .............................................................................................................. 1 The Parochial Church Council .................................................................................................. 2 The Parochial Church Council’s Annual Report ........................................................................ 3 Financial Statements Independent Examiner’s report ................................................................................... 7 Statement of financial activities .................................................................................. 8 Balance Sheet ............................................................................................................... 9 Notes to the Accounts ...............................................................................................10 Detailed Statement of Financial Activities with comparatives ..................................16

Reference Information

Incumbent Revd Francis Blight
Correspondence Address All Saints Church Office
John Owen Barn
Church Road
Fordham
CO6 3NL
01206 243261
www.fordhamchurch.org.uk
Charity Number 1131590
Bankers Barclays Bank
9 High Street, Colchester, Essex CO1 1DA
CAF Bank
25 Kings Hill Ave, Kings Hill, West Malling, Kent,
ME19 4JQ
Independent Examiner Ajay Rajani FCIE
Stewardship, 1 Lamb’s Passage, London, EC1Y
8AB

Cover photo taken outside Fordham Church on 10[th] October 2021.

Page 1

Parochial Church Council

Up to APCM on 9th May 2021 From the APCM on 9th May 2021
Rector Francis Blight(Chair) Francis Blight(Chair)
Church Wardens Nicholas Durlacher(Vice-chair) Nicholas Durlacher(Vice-chair)
Alistair Grote Alistair Grote
General Synod MaryDurlacher MaryDurlacher
Deanery Synod Sheona Farruggio Sheona Farruggio
Grace Lee Grace Lee(Electoral Roll Officer)
RoyMiller
Elected Members Irene Bale Irene Bale
John Bennion John Bennion
Rachel Gage(Secretary) John Bradley
Julian Griffiths Rachel Gage(Secretary)
Roger Miles(Treasurer) Roger Miles(Treasurer)
RoyMiller LesleySouthern
LesleySouthern

PCC members are responsible for making decisions on all matters of general concern and importance to the Parish, including how the funds of the PCC are spent.

Committees

Committees
Standing Committee
Rector Rev’d Francis Blight
Wardens Nicholas Durlacher,Alistair Grote
Treasurer Roger Miles
Secretary Rachel Gage
Secretary Rachel Gage
Finance Sub-Committee
Chair Roger Miles
Members Francis Blight
Nicholas Durlacher
Alistair Grote
Colin Munday
Members Francis Blight
Nicholas Durlacher
Alistair Grote
Colin Munday
Fabric Sub-Committee
Chair MaryDurlacher
Members Alistair Grote
Fred Campbell
Jim Day
John Revitt

Page 2

The Parochial Church Council’s Annual Report For The Year Ended 31 December 2021

The Members of the Parochial Church Council (the 'PCC'), who are the charity's trustees for the purposes of charity law, have pleasure in presenting their report together with the financial statements for the year.

Our Vision

“To know Jesus Christ and make him known” is our stated aim. We seek to work out this vision through the guiding principles set out in the Eleven Decisions, a number of which are included in this report in italics. In planning its activities the PCC have applied the guidance on public benefit issued by the Charity Commission.

Teaching and Preaching

We believe that the God of the Bible speaks through his Word, and so we prioritise this preaching ministry and make every effort to understand its message and teach it to one another . We continued to broadcast our Sunday 10am service during 2021 but saw increasing numbers of people returning to in-person attendance. The monthly All Age services really benefitted from everyone being able to meet together in person again from September.

Prayer

We believe that private and corporate prayer is essential to all that we do. Our monthly Prayer Focus meeting has remained on-line enabling us to pray with some of our members who have moved away from the area and with representatives of some the mission partner organisations that we support financially.

Parish Schools

The PCC and church family take their responsibilities to the two parish schools very seriously. Alongside the Rector, there are two Foundation Governors on each governing body. Both schools are small and are struggling financially due to recent changes in school funding formulas. During 2021 both schools, in separate processes, consulted with parents and stakeholders on the possibility of federating with two different schools. The federation plan of one of the schools has not gone ahead and the other is still in process. The PCC remains committed to the pupils and staff of the two schools and continues to work with the governing bodies to strengthen and develop the Christian Ethos in both schools. We held services for both schools in our churches during 2021.

The PCC faces a challenge in carrying out their obligations towards the schools in the parish in that church schools are not necessarily encouraged to federate within parish boundaries. If our two parish schools were able to federate together then the PCC would be able to concentrate its energy into one governing body instead of two.

In September 2021 we appointed a volunteer Schools Worker who leads an assembly in each school once a week. Her proven Bible story telling skills have received extremely positive reviews from both pupils and staff.

Page 3

Community Hub

In 2018, with the closure of the Fordham village store and Post Office, it became clear that there was a practical need in Fordham and Eight Ash Green for a Post Office and a place for local people to buy produce. A place where people could gather to get to know each other, share life together. The PCC commissioned a member of the church family to pursue this idea and so the Community Hub was born. The pandemic greatly slowed the progress of this project but from April 2021 the Community Hub began opening on Friday mornings. To begin with, there was a greengrocer and the Refill Den (a stall refilling containers with household food and cleaning items) set up outside and an outreach Post Office inside the John Owen Barn. Through the year this grew to six stallholders. In addition to this a walking group meets once a month. In 2022 it is intended to develop activities inside the John Owen Barn offering people refreshments and other suitable activities.

Children and Young People

We shall have specific ministries to the people of different age groups whom God is drawing to our congregation.

We are keen to employ a Youth and Children’s Minister however we were not successful in recruiting to this post during 2021.

Online ministry groups for children and young people ran from January 2021 moved back to being inperson during the summer and autumn of 2021. The children and leaders greatly benefited from being together again. The Babies and Toddler group met in person in a restricted way during the first part of the year and it was a real joy for the whole group to get back to normal from September.

Development Plans for further growth

We make spending on gospel workers a top priority and encourage suitably gifted people within the congregation to consider ‘full-time’ Christian work.

As the church family began to emerge from the restrictions of Covid-19, it became apparent that the pool of volunteers that had been large at the beginning of 2020 was greatly reduced. There were a number of reasons for the reduction, but the result was that the same workload was spread amongst a smaller number of people. In 2020 a significant number of church members pledged to fund a youth and children’s worker for three years. The impact of being unsuccessful in filling this post by September 2021 has reduced our capacity across our ministries as a whole and created significant pressure on our volunteer teams and especially on the Rector and his wife.

At the end of 2021 the PCC began to consider this issue and will look at ways to work more strategically in the year to come.

Safeguarding

With regards to the PCC’s obligations to safeguard children and vulnerable adults, the members of the PCC confirm that they have complied with their duties under section 5 of the Safeguarding and Clergy Discipline Measure 2016.

Page 4

Structure, Governance and Management

The charity is registered with the Charity Commission and operates under the Charities Act 2011. The governing documents for the charity are the Parochial Church Councils (Powers) Measure 1956 (as amended) and the Church Representation Rules.

The appointment of PCC members is governed by, and set out in, the Church Representation Rules. The PCC comprises ex-officio members (which includes clergy and churchwardens), elected members and co-opted members. The PCC organise elections annually before the Annual Parochial Church Meeting (APCM) to fill vacancies.

Responsibility for setting policy and for making operating decisions rests with the PCC who meet regularly to monitor the activities of the charity.

Financial Review

Income for the year of £211,503 (2020: £193,327) included grant income of £30,000 from the Fordham Trust. The Trust has supported the church in previous years, and it is anticipated that this funding support will continue into the future.

Expenditure for the year was £181,957 (2020: £214,189) including missionary and charitable giving of £14,800 (2020: £17,000). After a revaluation gain of £1,011 (2020: £52), the net movement in funds showed a surplus for the year of £30,557 (2020: a deficit of £20,810) leaving total funds carried forward at the end of the year at £68,267 (2020: £37,710).

Unrestricted non-designated funds at the end of the year are £24,233 (2020: £8,222). The designated fund of £8,682 (2020: £8,207) relates to future refurbishment, redecoration and upkeep of the John Owen Barn. Restricted funds of £35,352 (2020: £21,281) comprises monies held to help fund the appointment of a Youth and Children’s worker, to help support mission projects and monies held by the Benevolence fund (which was created to help members of the church family who may have encountered financial hardship because of the pandemic). Full details of all funds are set out in the financial statements.

Reserves Policy

The trustees consider that reserves should be maintained at a level equivalent to 3 months operating costs (approx. £50,000). The trustees recognise that unrestricted non-designated funds of £24,233 (2020: £8,222) at the year-end is below this level but are confident that, given the relationship with the Fordham Trust, additional funds would be made available if required. The trustees will continue to monitor the reserves policy and underlying financial position, which is regularly discussed at Finance Committee and PCC meetings.

Key Risks and Uncertainties

The charity is exposed to various risks - be they operational, financial or reputational. The PCC review the charity's activities regularly to identify significant risks and, where possible, they take appropriate measures to mitigate those risks.

Page 5

Quinquennial Inspection

The last quinquennial inspection of All Saints, Eight Ash Green was held in 2019; as all significant recommendations that required urgent attention have been undertaken, there are no extant significant items requiring immediate work.

The last quinquennial inspection of All Saints, Fordham was held in 2017; no significant immediate work is required.

Trustee Responsibilities

The PCC is responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Charity law requires the PCC to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charity as at the balance sheet date and of its incoming resources and application of resources for the financial year. In preparing these financial statements, the PCC are required to:

  1. Select suitable accounting policies and apply them consistently;

  2. Observe the methods and principles in the Charities SORP;

  3. Make judgements and estimates that are reasonable and prudent;

  4. State whether the applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

  5. Prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The PCC is responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

APPROVAL

This report was approved by the PCC and signed on their behalf by:

Revd Francis Blight Date: 13 April 2022 Nicholas Durlacher Date: 13 April 2022

Alistair Grote

Date: 13 April 2022

Page 6

INDEPENDENT EXAMINER'S REPORT

TO THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL OF

FORDHAM & EIGHT ASH GREEN PAROCHIAL CHURCH COUNCIL ('the Charity')

I report to the members of the PCC (who are also the charity's trustees) on my examination of the accounts of the Charity for the year ended 31 December 2021 on pages 8 to 16 following, which have been prepared on the basis of the accounting policies set out on pages 10 and 11.

Responsibilities and basis of report

As members of the PCC you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

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

Independent examiner’s statement

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

  1. accounting records were not kept in respect of the Charity as required by section 130 of the Act; or 2. the accounts do not accord with those records; or

  2. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Ajay Rajani FCIE Stewardship 1 Lamb's Passage London EC1Y 8AB

Date: 13 April 2022

Page 7

FORDHAM & EIGHT ASH GREEN PAROCHIAL CHURCH COUNCIL

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2021

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities
4
Other trading activities: property letting
Investments
Other income
Total income and endowments
EXPENDITURE ON:
Charitable activities
5
Total expenditure
Net gains/(losses) on investments
Net income/(expenditure)
Transfers between funds
12
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
12		 Unrestricted
Funds
£
180,862
5,230
3,134
46
-
189,272
173,798
173,798
1,011
16,486
-
16,486
16,429
32,915		 Restricted
Funds
£
22,231
-
-
-
-
22,231
8,160
8,160
-
14,071
-
14,071
21,281
35,352		 Total
Funds
2021
£
203,093
5,230
3,134
46
-
211,503
181,957
181,957
1,011
30,557
-
30,557
37,710
68,267		 Total
Funds
2020
£
176,408
3,886
12,084
75
875
193,327
214,189
214,189
52
(20,810)
-
(20,810)
58,521
37,710

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

All income and expenditure derive from continuing operations.

The notes on pages 10 to 16 form part of these accounts.

Page 8

FORDHAM & EIGHT ASH GREEN PAROCHIAL CHURCH COUNCIL

BALANCE SHEET

AS AT 31 DECEMBER 2021

Note
FIXED ASSETS
Tangible assets
Investments
7
CURRENT ASSETS
Debtors
8
Cash at bank and in hand
9
CREDITORS: Amounts falling
due within one year
10
Net current assets
TOTAL NET ASSETS
FUND BALANCES
12
Unrestricted Funds
General funds
Designated funds
Restricted Funds		 Unrestricted
Funds
£
-
2,526
2,526
27,905
6,198
34,104
(3,715)
30,389
32,915
24,233
8,682
32,915
-
32,915		 Restricted
Funds
£
-
-
2,688
32,665
35,352
35,352
35,352
-
-
-
35,352
35,352		 Total
Funds
2021
£
-
2,526
2,526
30,593
38,863
69,456
(3,715)
65,741
68,267
24,233
8,682
32,915
35,352
68,267		 Total
Funds
2020
£
-
1,515
1,515
22,788
16,710
39,498
(3,303)
36,196
37,710
8,222
8,207
16,429
21,281
37,710

The financial statements were approved by the members of the PCC and were signed on its behalf by:

Revd Francis Blight Date: 13 April 2022

Charity number: 1131590

The notes on pages 10 to 16 form part of these accounts.

Page 9

FORDHAM & EIGHT ASH GREEN PAROCHIAL CHURCH COUNCIL

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2021

1 Statutory Information

The Parochial Church Council of Fordham and Eight Ash Green is a charity registered with the Charity Commission in England & Wales. The charity's registered number is 1131590 and the charity has its offices at John Owen Barn, Church Road, Fordham, CO6 3NL.

2 Accounting Policies

These financial statements are prepared on a going concern basis, under the historical cost convention as modified by the revaluation of certain assets, which are measured at fair value through the Statement of Financial Activities. The financial statements include all activities for which the PCC is legally responsible; the activities of informal gatherings of church members and groups that owe their main affiliation to another body are excluded.

These financial statements have been prepared in accordance with The Church Accounting Regulations 2006, the 'Statement of Recommended Practice: 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)' ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102") and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.

The Charities (Accounts and Reports) Regulations 2008 (the '2008 Regulations') requires charities to prepare their accounts in accordance with 'Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005' but this accounting standard has since been withdrawn and has been replaced by the Charities SORP mentioned in the preceding paragraph. The charity has prepared these financial statements in accordance with the new Charities SORP; this departure from the 2008 Regulations is believed to be necessary for these financial statements to give a 'true and fair view'.

The principles adopted in the preparation of the financial statements are set out below.

a) Going concern

The PCC have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The PCC have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the PCC have considered the charity's forecasts and projections and the possible implications should projected income or expenditure vary unexpectedly. The PCC have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements. In making this assessment, the PCC have considered how COVID-19 might affect forecasts.

b) Income

Income (which includes planned giving, collections and other donations) is recognised in the period in which the charity becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part income is generally recognised when it is received by, or on behalf of, the PCC. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.

Income from donations and legacies includes:

The charity relies on volunteers to carry out many of its activities. However, in accordance with the SORP, the value of these services has not been included in these financial statements as they cannot be reliably measured.

Income from charitable activities represents income receivable from goods, services and facilities supplied in furtherance of the charity's charitable objects. It includes income from fees for weddings, baptisms and funerals, other church activities and the church bookstall.

Income from property letting is recognised for letting periods that fall within the financial year.

c) Expenditure

Expenditure, including irrecoverable VAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be required and the amount of the obligation can be measured reliably.

Contributions in respect of the diocesan parish share are included in the Statement of Financial Activities for all amounts agreed to being payable for the financial year. Any contributions that have not been paid over by the year end are included as a creditor.

Page 10

FORDHAM & EIGHT ASH GREEN PAROCHIAL CHURCH COUNCIL

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2021

c) Expenditure continued

The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity.

Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.

d) Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the PCC in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the PCC for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects.

e) Tangible fixed assets

Consecrated and beneficed property is not included in these financial statements by virtue of s.10(2) of the Charities Act 2011. All expenditure on consecrated or beneficed buildings is written off in the year in which it is incurred.

Movable church furnishings held by the incumbent and Churchwardens on special trust for the PCC and which require a faculty for disposal are capitalised in accordance with the policy set out below. These items are regarded as inalienable property and are listed in the church's inventory which can be inspected at any reasonable time. Inalienable property acquired prior to 2000 has not been capitalised as there is insufficient cost information available.

Expenditure on maintaining facilities donated to the PCC (namely the John Owen Barn) are charged to the Statement of Financial Activities as they are incurred.

Other items purchased or donated for the charity's own use are capitalised when the cost of purchased items, or the fair value of donated items, is more than £1,000 and the item is expected to benefit the charity over more than one accounting period. Depreciation is charged on a straight line basis so as to write down the value of each asset to its estimated residual value (if any) over its expected useful economic life.

By the year end, the charity had not incurred any expenditure that needed to be capitalised.

f) Investments Fixed asset investments comprise fixed interest securities. These securities are held to generate income and for their investment potential and have been included at their market value at the balance sheet date.

g) Pension scheme arrangements The charity operates defined contribution pension schemes for its employees. Obligations for contributions to these schemes are recognised as an expense when the liability arises. The assets of these schemes are held separately from those of the charity in independently administered funds.

h) Taxation The charity has taken advantage of the various reliefs from taxation available to charities and no tax is payable on the charity's income.

i) Financial instruments The charity's financial assets and financial liabilities all qualify as basic financial instruments, as defined by FRS102. Except for loans, creditors and debtors are measured at their expected settlement value (normally the amount of cash that the charity expects to pay or receive). The charity recognises liabilities for the principal of those loans that remains outstanding at the year end (i.e. the liabilities exclude any interest chargeable on the loans in future years).

j) Exemption from preparing a cashflow statement

The charity has taken advantage of an exemption conferred by the Charities SORP and has not prepared a cash flow statement.

k) Critical accounting estimates and areas of judgement The members of the PCC do not consider that there are any material sources of estimation or uncertainty at the balance sheet date that could result in a material adjustment to the carrying values of assets and liabilities in the next reporting period.

Page 11

FORDHAM & EIGHT ASH GREEN PAROCHIAL CHURCH COUNCIL

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2021

3 Donations and legacies

Donations of cash and similar
Donated facilities
Other grants receivable (note 3a)
Income tax recoverable		 2021
£
137,181
5,000
30,000
30,912
203,093		 2020
£
103,418
5,000
45,000
22,990
176,408

Donated facilities comprise the John Owen Barn, which has been let to the charity rent free by the Fordham Trust.

3a Grant income

nt income 2021 2020
£ £
The Fordham Trust 30,000 45,000

The Fordham Trust is an independent charity with Christian objectives registered in the UK. It has supported the gospel ministry of All Saints Fordham and Eight Ash Green for some time. The PCC and the Fordham Trust do not have any trustees in common however one of the Trust's six trustees is closely related to a member of the PCC.

4 Income from charitable activities

Fees from weddings, funerals, baptisms and similar
Church activities
Book sales
5
Charitable expenditure
a
Costs incurred directly on specific activities
Parish share and other Diocesan fees
Staff costs, travel and expenses
Other ministry costs
Parsonage House (Fordham Hall)
Parsonage House (Ash Green rectory) redecoration
Church running expenses (inc. maintenance)
Upkeep of churchyard, including plaques for Garden of Remembrance
JOB donated facility
JOB maintenance and running costs
Rental property expenses
Miscellaneous expenses
Grants payable (note 5c)
b
Costs incurred on support & administration
Governance costs
Independent examiner's fee for preparing and examining the accounts
Office and administration costs
Payroll processing
Bank charges
Insurance
Total expenditure		 2021
£
4,206
1,002
22
5,230
2021
£
82,812
27,291
7,937
1,070
-
6,144
3,240
5,000
19,618
356
-
14,800
168,269
1,884
6,094
632
228
4,850
13,688
181,957		 2020
£
3,177
646
63
3,886
2020
£
82,826
46,229
5,643
8,821
315
4,896
9,246
5,000
14,772
4,118
308
17,000
199,174
1,836
7,412
680
300
4,788
15,016
214,189

The fee payable to the independent examiner for preparing and examining the accounts was £1,884 (2020: £1,836); in addition the charity paid £632 (2020: £680) to Stewardship for payroll bureau.

Page 12

FORDHAM & EIGHT ASH GREEN PAROCHIAL CHURCH COUNCIL

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2021

5c
Grants payable
Institutions
£
Grants for UK and overseas mission
14,800
The charity's principal grants to institutions comprised:
Serving in Mission
Gifts to other Parochial Church Councils
Oak Hill College
Release International
True Freedom Trust
Open Door Colchester
UCCF
Global Fellowship of Confessing Anglicans
Bridgeway Mission
The Christian Institute
Friends International
Christian Concern
AMIE		 Individuals
£
-		 2021
£
14,800		 Institutions
£
16,450		 Individuals
£
550
2021
£
6,700
400
1,900
1,700
1,000
400
400
700
600
600
400
-
-
14,800		 2020
£
17,000
2020
£
7,000
2,200
2,000
2,000
1,000
550
550
-
-
-
-
600
550
16,450

6 Analysis of staff costs, the cost of key management personnel and trustee remuneration and expenses

The average monthly number of employees during the year was 3 (2020: 3). Most of the charity's activities are carried out by volunteers.

No staff received salaries at a rate of more than £60,000 per annum.

The charity's key management comprise the members of the PCC. Total employment benefits payable to key management for the year were as follows.

Wages &
salaries
Employer
pension
cont.
Members of PCC
R Gage
10,269
308
F Blight (to May 2020)		 Total
2021
£
Wages &
salaries
Employer
pension
cont.
10,577
10,117
178
-
11,288
4,069
10,577		 Total
2020
£
10,295
15,357
25,652

F Blight serves as clergy and R Gage serve as an administrator; they received the above emoluments for serving in those capacities, not for serving as members of the PCC. These payments are permitted by the PCC's governing document. F Blight ceased to be employed by the PCC on 31 May 2020 and, from that date, he has been receiving a stipend from the Diocese. Some of the Parish Share paid to the Diocese is used to help meet the cost of this stipend. F Blight was provided with accommodation (which is customary for clergy); the PCC did not incur any expenditure for this accommodation in 2021 (2020: £315).

7 Fixed asset investments

Cost or fair value brought forward
Change in value of investments
Cost or fair value carried forward
tors
Tax recoverable		 Fixed
interest
securities
1,515
1,011
2,526		 2021
£
1,515
1,011
2,526
2021
£
30,593
30,593		 2020
£
1,463
52
1,515
2020
£
22,788
22,788

8 Debtors

Page 13

FORDHAM & EIGHT ASH GREEN PAROCHIAL CHURCH COUNCIL

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2021

9 Cash at Bank and in Hand

h at Bank and in Hand
Cash at bank with immediate access
Petty cash		 2021
£
38,818
45
38,863		 2020
£
16,665
45
16,710

10 Creditors: liabilities falling due within one year

ditors: liabilities falling due within one year
Accruals 2021
£
3,715
3,715		 2020
£
3,303
3,303

11 Pension commitments

During the year employer’s pension contributions totalling £449 (2020: £396) were payable to defined contribution personal pension schemes and employer's pension contributions totalling £nil (2020: £4,069) were payable to a defined benefit pension scheme. At the balance sheet date pension contributions totalling £108 (2020: £238) were owed.

12 Funds

During the year the movements in the charity's funds were as follows:

Designated Funds
John Owen Barn
General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Youth and Children's Worker fund
Mission fund
John Owen Barn fund
Benevolent fund
Aggregate of funds		 Opening
balance
2021
£
8,207
8,222
16,429
11,138
6,106
-
4,037
21,281
37,710		 Incoming
resources
2021
£
475
188,797
189,272
12,025
5,206
5,000
-

22,231
211,503		 Outgoing
resources
2021
£
-

(173,798)
(173,798)
(527)
(2,633)
(5,000)
-
(8,160)
(181,957)		 Transfers
in the year
2021
£
-
-
-
-
-
-
-
-
-		 Gains and
losses
2021
£
-
1,011
1,011
-
-
-
-
-

1,011		 Closing
balance
2021
£
8,682
24,233
32,915
22,636
8,679
-

4,037
35,352
68,267

Analysis of net assets by fund

The assets and liabilities of the various funds were as follows:

Fixed asset investments
Debtors
Cash at bank and in hand
Creditors falling due within one year		 General
Designated
funds
funds
£
£
2,526
-
27,905
-
(2,484)
8,682
(3,715)
-
24,233
8,682
Unrestricted Funds		 Restricted
funds
£
-

2,688
32,665
-
35,352		 2021
£
2,526
30,593
38,863
(3,715)
General
funds
£
2,526
27,905
(2,484)
(3,715)
24,233
68,267

Page 14

FORDHAM & EIGHT ASH GREEN PAROCHIAL CHURCH COUNCIL

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2021

12 Funds continued

In the previous year the movements in the charity's funds were as follows:

Designated Funds
John Owen Barn
General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Associate Minister's fund
Youth and Children's Worker fund
Mission fund
Memorial fund
John Owen Barn fund
Benevolent fund
Aggregate of funds		 Opening
balance
2020
£
8,187
27,951
36,138
17,727
-
4,656
-
-
-
22,383
58,521		 Incoming
resources
2020
£
20
164,559
164,579
4,865
4,269
3,078
7,500
5,000
4,037
28,749
193,327		 Outgoing
resources
2020
£
-
(182,898)
(182,898)
(17,051)
(33)
(1,627)
(7,580)
(5,000)
-

(31,291)
(214,189)		 Transfers
in the year
2020
£
-
(1,441)
(1,441)
(5,541)
6,901
-
80
-

-
1,441
-		 Gains and
losses
2020
£
-
52
52
-

-
-
-
-
-
-
52		 Closing
balance
2020
£
8,207
8,222
16,429
-
11,138
6,106
-
-
4,037
21,281
37,710

Analysis of net assets by fund

In the previous year, the assets and liabilities of the various funds were as follows:

Fixed asset investments
Debtors
Cash at bank and in hand
Creditors falling due within one year		 General
Designated
funds
funds
£
£
1,515
-
18,381
-
(8,371)
8,207
(3,303)
-
8,222
8,207
Unrestricted Funds		 Restricted
funds
£
-

4,407
16,874
-

21,281		 2020
£
1,515
22,788
16,710
(3,303)
General
funds
£
1,515
18,381
(8,371)
(3,303)
8,222
37,710

Designated funds

The John Owen Barn fund is money set aside by the PCC for the maintenance and redecoration of the John Owen Barn.

Restricted funds

The Associate Minister's fund was created from donations received to help fund the employment of an associate minister. F Blight was appointed to this position until he then moved on to become the church's Rector. In the previous year, with the permission of donors, the remaining balance on the fund was transferred to a new Youth and Children's Worker fund and in 2020 a new appeal was launched to help meet the cost of employing a Youth and Children's worker (hopefully in 2022).

The Mission fund represents donations received by the charity to help fund specific mission projects.

The Memorial fund was created from donations received to help purchase plaques for a Garden of Remembrance.

The John Owen Barn fund represents the estimated value to the charity of the rent free use of a property.

The Benevolent fund was created from donations received to help members of the church family facing financial hardship.

13 Transactions with related parties

During the year the charity:

Except as disclosed in note 6 'Analysis of staff costs', there have been no other transactions with related parties during the year.

Page 15

FORDHAM & EIGHT ASH GREEN PAROCHIAL CHURCH COUNCIL

DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES

FOR THE YEAR ENDED 31 DECEMBER 2021

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities
4
Other trading activities
Investments
Other income
Total income and endowments
EXPENDITURE ON:
Charitable activities:
5
Total Expenditure
Net gains/(losses) on investments
Net income/(expenditure)
Transfers between funds
12
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
12		 General
Designated
2021
2021
£
£
180,387
475
5,230
-
3,134
-
46
-
-
-

188,797
475
173,798
-
173,798
-
1,011
-
16,011
475
-
-
16,011
475
8,222
8,207
24,233
8,682
Unrestricted funds		 Restricted
2021
£
22,231
-
-

-
-
22,231
8,160
8,160
-
14,071
-
14,071
21,281
35,352		 Total
2021
£
203,093
5,230
3,134
46
-
211,503
181,957
181,957
1,011
30,557
-

30,557
37,710
68,267		 General
Designated
2020
2020
£
£
147,639
20
3,886
-
12,084
-
75
-
875
-

164,559
20
182,898
-
182,898
-

52
-
(18,288)
20
(1,441)
-

(19,729)
20
27,951
8,187
8,222
8,207
Unrestricted funds		 Restricted
2020
£
28,749
-
-

-
-
28,749
31,291
31,291
-
(2,543)
1,441
(1,102)
22,383
21,281		 Total
2020
£
176,408
3,886
12,084
75
875
193,327
214,189
214,189
52
(20,810)
-
(20,810)
58,521
37,710

Page 16