## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF STANFORD IN THE VALE WITH GOOSEY AND HATFORD** Report and Accounts Year ended 31 December 2021 1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF STANFORD IN THE VALE WITH GOOSEY AND HATFORD** ## **LEGAL & ADMINISTRATIVE DETAILS** ## **FOR THE YEAR ENDED 31 DECEMBER 2021** ADDRESS FOR CORRESPONDENCE GOVERNING DOCUMENTS Stanford Mill Farringdon Road Stanford in the Vale Oxfordshire SN7 8NP PCC Powers Measure 1956 and the Church Representation Rules 2011 CHARITY REGISTRATION NUMBER 1132033 MEMBERS OF THE PCC Rev Paul Eddy (incumbent) Marion Galley (church warden) Nigel Archer (church warden) Judith Cradock Helen Dick Peter Gill Dr Roger Griffin (resigned 20 July 2021) Jenny Howard-Jones Edwin Lehmann Jane Lintern Suzanne Penman Yvette Upton Janet Warren Margaret Williams Jeanette Gill (co-opted 25 January 2022) INDEPENDENT EXAMINER Lourens du Plessis ACA CA(SA) Stewardship 1 Lamb's Passage LONDON EC1Y 8AB ## **INDEX** Page 1 Pages 2-5 Page 6 Page 7 Page 8 Pages 9-11 Legal & Administrative Details Trustees' Report Independent Examiner's Report Receipts and Payments Account Statement of Assets & Liabilities Notes to the Accounts Page 1 ## **THE PAROCHIAL CHURCH COUNCIL OF THE** # **ECCLESIASTICAL PARISH OF STANFORD IN THE VALE WITH GOOSEY AND HATFORD** ## **REPORT OF THE TRUSTEES** ## **FOR THE YEAR ENDED 31 DECEMBER 2021** The trustees present their report with the financial statements of the charity for the year ended 31 December 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims.** The objectives of the PCC are defined by the Parochial Church Council (Powers) Measure 1956 as 'to co-operate with the minister in promoting in the parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical'. The parish seeks, prayerfully, to build our church community on the person, teaching and work of Jesus Christ as revealed in the Bible, by seeking to go: ## **● Deeper into God through worship and discipleship** - **Deeper into Fellowship amongst each other in each church congregation, and as a** - **whole church body** - **Deeper into our Villages through service and evangelism** ## **Main activities and achievements** 2021 was dominated by the ongoing impact of the world-wide Coronavirus Pandemic which effected public worship in our three church buildings throughout the year, be it the closure of All Saints Goosey and St George Hatford, or social distancing at St Denys. The PCC’s Risk Assessments, based on Government and Church of England Guidance meant that neither Goosey, nor Hatford Chapels of Ease could be used during the pandemic as they were too small to maintain social distancing. St Denys was large enough to house a maximum of 50-60 people, spaced out and managed through a one-way system. Page 2 In addition to Sunday services at St Denys, the wider church family was kept in touch with news and resources to help in their prayer and spiritual development through a weekly e-newsletter which the Vicar wrote called ‘Friday Fellowship News’. A weekly Zoom Coffee morning was offered to anyone who wanted to join in to keep in touch with church members – this was especially appreciated by those self-isolating. As the year progressed, more gatherings were able to take place and so our ‘Open The Book’ team, ably led by Margaret Williams, started back with their weekly session at Stanford Primary School and gradually, Government restrictions allowed for more people to attend funerals and weddings. Thankfully, compared to the previous year, Easter and Christmas Services were able to be offered, albeit on a reduced scale, but were much appreciated. The church’s homegroups continued to meet, albeit via zoom, with many church members maintaining contact via zoom and WhatsApp groups etc. Yvette Upton maintained regular and creative contact with many of the families who attended our Messy Church, whilst recently appointed Pastoral Care Co-ordinator Maz Galley assisted the vicar with a number of pastoral cases. The pandemic affected many families in the parish with people being made redundant and associated stresses on relationships and family life. The vicar, provided links to professional help, liaised with GP practices, social services and the police. The pandemic created uncertainty and anxiety amongst many and resulted in many asking deep, spiritual questions. This, the PCC believes, provides fertile soil into which the Gospel can be planted as things start to open up. In the Spring of 2021, the vicar underwent an operation and was off work for three months then returned on a phased plan. He was assisted throughout the year by the Revd Nigel Knights Johnson and the Revd Geoff Withers, who each led worship and preached at the 1015am Sunday service at St Denys, and provided funeral cover, where needed. Putting sermons online resulted in typically, 140-150 views via the church’s Facebook or YouTube channel. As we come out of lockdown, the ongoing use of recording sermons will be something we shall want to consider further. Towards the end of 2021, the PCC received a Report by the Vicar which proposed a new outreach in 2022. Following on from the seed-sowing amongst young families via Messy Church, the Vicar shared a vision for a new, weekly Sunday service at 4pm, called Denys@4. This would be a whole new congregation (as part of the Christian Community within the parish), and an intentional decision by the PCC to seek to plant a new church congregation for the future of the Church here. The move comes with the blessing and support of the Bishop of Dorchester, the Rt Revd Gavin Collins, and the vicar will be inviting five churches within the diocese to become ‘Mission Partners’ with the PCC to resource this new, exciting ministry, which will complement the ministry amongst existing church members in terms of worship. As we move into 2022, the PCC will start to review its Mission Action Plan and agree one for 202227. During Lent 2022, there will be a first opportunity for church members to prayerfully discern what God would have us be, and do as a church as we come out of lockdown, and seek to go Deeper into God, Deeper into Fellowship and Deeper into our Villages in service and evangelism (our three Church Values). In planning the activities the PCC has applied the guidance on public benefit issued by the Charity Commission. Page 3 ## **Financial review** Thanks to the faithful giving of church members, a ‘Thanksgiving Gift’ weekend in October, and a most generous grant of £2,393 by the Public Purposes Charity, the PCC was able to pay £40,000 Parish Share (78%) **,** and resulted in a year-end position of a net deficit in unrestricted cash funds of £1,102 and a net surplus in restricted cash funds of £2,983 resulting in a year end cash fund balance of £152,721 of which £23,707 is unrestricted and can be used for any purpose. ## **Reserves policy** The PCC has determined that the charity should aim to hold unrestricted cash equating to no less than 3 months’ unrestricted expenditure (approximately £15,300 based on current expenditure levels) so that the charity could continue to operate should income and / or expenditure vary adversely. At the year end, the charity held unrestricted cash of £23,707 and the charity is complying with its reserves policy. ## **Governance** 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 2011. 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 organises elections annually before the Annual Parochial Church Meeting (APCM) to fill vacancies. The members of the PCC are the charity's trustees for the purposes of charity law. Responsibility for setting policy rests with the PCC which meets regularly to monitor the activities of the charity. ## **Other matters** With regard 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. The last quinquennial inspection was held in 2021. No significant immediate work is required on St Denys Church or St George, Hatford. Some drainage work is recommended on St George Church Hatford, which will be met through the reserve Building Fund, and via Trust Applications over the coming two years.. ## **Responsibilities of trustees** Charity law requires the PCC to prepare financial statements for each accounting year which record the receipts and payments of the charity for the year Page 4 The PCC is responsible for kee￿.n% proper accounrtng records which disclose with reasonable accuracy at any time the financial position of the charry and enable us to ensure that the financial Statements compty the Charities Act 2011. We also have a responsibiliry to safeguard the assets of the chariry and to take reasonable steps to prevent fraud or any other irregUlar￿e5. Finally. the PCC would like to put on record its sincere thanks to the churchwardens. church administrator janet Warren. treasurer Sue Penman, organist M&wdret Williams. w¢￿er Susan Mayall, the Home Group leaders, and to the volunteers who work so hard to maintain the church and churchrdrd. Approval This re was approved by the trustees and signed on their behalf br. The Revd Paul A Eddy• FW MCIPK MlnstLM. DipTh.Min Vicar Date: Ap,;L 1021 Page 5 ## **INDEPENDENT EXAMINER'S REPORT** ## **TO THE TRUSTEES OF** ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF STANFORD IN THE VALE WITH GOOSEY AND HATFORD** I report to the trustees on my examination of the accounts of the Parochial Church Council of the Ecclesiastical Parish of Stanford in the Vale with Goosey and Hatford ('the charity') for the year ended 31 December 2021 on pages 7 to 11 following. ## **Responsibilities and basis of report** As the trustees of the charity, the members of the PCC are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 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 2011 Act. ## **Independent examiner’s statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in accordance with section 130 of the 2011 Act; or 2. the accounts do not accord with the accounting records. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Lourens du Plessis ACA CA(SA) Stewardship 1 Lamb's Passage LONDON EC1Y 8AB Date: Page 6 ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF STANFORD IN THE VALE WITH GOOSEY AND HATFORD** ## **RECEIPTS AND PAYMENTS ACCOUNT** ## **FOR THE YEAR ENDED 31 DECEMBER 2021** |Notes
**_Income receipts_**
Voluntary receipts
2(a)
Fundraising income
Fees for weddings and funerals
Investment income
2(b)
**_Capital and similar receipts_**
**_Total receipts_**
**Payments**
Church activities
Parish share
Clergy and staffing costs
3(a)
Church running expenses
3(b)
**_Total payments_**
Transfers between funds
**Net movement in funds**
Cash funds as at last year end
**Cash funds at this year end**
A
Net of receipts / (payments) before transfers
Sale of investments
Fundraising expenses|Unrestricted
Funds
£
51,266
2,513
6,556
20
60,355
-
-
60,355
40,000
3,566
17,669
61,235
154
61,389
61,389
(1,033)
(68)
(1,102)
24,809
23,707|Restricted
Funds
£
11,444
-
575
516
12,535
273
273
12,808
-
1,265
8,629
9,894
-
9,894
9,894
2,914
68
2,983
126,032
129,014|2021
£
62,710
2,513
7,131
536
72,891
273
273
73,164
40,000
4,832
26,298
71,129
154
71,283
71,283
1,881
-
1,881
150,841
152,721|2020
£| |---|---|---|---|---| |||||73,257
907
6,107
1,025| |||||81,296| |||||-| |||||-| |||||| |||||81,296| |||||49,086
5,748
27,861| |||||82,694
-| |||||82,694| |||||| |||||82,694| |||||(1,398)
-| |||||(1,398)
152,239| |||||150,841| The notes on pages 9 - 11 form part of these accounts. Page 7 20 A ¢ashfThJ¥ lo￿5 118989 132.082 152.nl IJ02J 1¥9W1 23J07 wdduptoclwty 224 L4 ",52 Cthufchyad P 9T1 331 I￿￿￿*mer¢ Fwd FuTrd Trtst 746 6,745 ¢.033 9,$'.4 18.076 FLvvJto Ourts ￿ÉrÉ Tr* R*d P E& ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF STANFORD IN THE VALE WITH GOOSEY AND HATFORD** ## **NOTES TO THE ACCOUNTS** ## **FOR THE YEAR ENDED 31 DECEMBER 2021** ## **1 Accounting policies** The accounts have been prepared on a receipts and payments basis and comprise a statement that shows the charity's receipts and payments, a statement that summarises the charity's assets and liabilities and related notes. The accountancy profession have determined that only accounts prepared in accordance with applicable accounting standards present a 'true and fair' view and, as these receipts and payments accounts have not (and cannot) be prepared in accordance with accounting standards, these accounts do not present (and are not intended to present) a 'true and fair' view of the charity's financial activities and state of affairs. In the previous year the charity's prepared its accounts on an accruals basis. As the charity's income is less than £250,000, it has taken advantage of the option to prepare its accounts on a receipts and payments basis and the results reported previously have been restated; further information is given in note 6 below. 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. |**2**
**a) Voluntary income**
Donations
Government grants
Other grants
Gift aid recovered
**b)**
**Investment income**
Interest from cash deposits
Dividends from CBF investment funds|Unrestricted
funds
£
47,479
432
-
3,355
51,266
20
-
20|Restricted
Funds
£
2,186
-
9,259
-
11,444
109
406
516|Total
2021
£
49,665
432
9,259
3,355
62,710
130
406
536|Total
2020
£| |---|---|---|---|---| |||||53,641
578
9,994
9,043| |||||73,257| |||||553
471| |||||1,025| |Unrestricted
funds
£
**3**
**a)**
**Clergy and staffing costs**
Cost of payroll
1,122
Clergy expenses
2,444
3,566
**b)**
**Church running costs**
Cost of services
3,785
Other ministry costs
564
Insurance
5,839
Independent examiner's fee
4,362
Admin
968
Communications
1,818
Utilities
181
Building repairs & maintenance
150
17,669
Rev Paul Eddy (who is a clergy member of the PCC) receives a stipend from the Diocese; the cost
cost however it should be noted that some of the Parish share is used to help pay the stipends. R
(which is customary for clergy). Rev Paul Eddy incurred expenses whilst serving as clergy and these|Restricted
Funds
£
-
1,265
1,265
-
234
2,867
-
-
-
1,693
3,836
8,629
of this stipend is n
ev Paul Eddy was
costs are disclosed|Total
2021
£
1,122
3,709
4,832
3,785
798
8,706
4,362
968
1,818
1,874
3,986
26,298
ot included in the
provided with a
in the above not|Total
2020
£| |---|---|---|---| ||||3,185
2,563| ||||5,748| ||||949
6,242
1,118
4,368
2,481
-
1,305
11,398
above payroll
ccommodation
e.| ||||27,861| Page 9 ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF STANFORD IN THE VALE WITH GOOSEY AND HATFORD** ## **NOTES TO THE ACCOUNTS** ## **FOR THE YEAR ENDED 31 DECEMBER 2021** ## **4 Movement on designated, restricted and endowment funds** |General funds
Restricted funds
Hatford General
Goosey General
Men, Faith & Church
St Denys Church Devpt Fund
St Deny's Building Fund
Hatford Building Fund
Fabric Fund Goosey
Cotton Bequest
Johnson Bequest
Paynter Fund Trust
Youth & Children Fund
Parish Weekend Bursary Fund
Churchyard Bequest
Vicar's Discretionary Fund
Total funds|Opening
balance
£
24,809
1,241
1,062
1,175
109,407
1
4,976
4,681
1,534
-
-
413
872
1
669
126,032
150,841|Receipts
£
60,355
4,040
1,125
100
177
5,059
-
576
21
233
173
1,000
-
305
-
12,808
73,164|Payments
£
(61,389)
(2,304)
(2,255)
(1,265)
-
(2,615)
-
(1,080)
-
-
-
(234)
-
(141)
-
(9,894)
(71,283)|Transfers
£
(68)
-
68
-
-
-
-
-
-
-
-
-
-
-
-
68
-|Closing
balance
£
23,707
2,977
(0)
9
109,584
2,445
4,976
4,177
1,555
233
173
1,179
872
165
669| |---|---|---|---|---|---| ||||||129,014| ||||||152,721| ## _Restricted Funds_ The Hatford General Fund is restricted to the running costs of St George's church, Hatford. The Goosey General Fund is restricted to the running costs of All Saints. Goosey. The Men, Faith & Church fund is a restricted fund for costs associated with this area of ministry. The St Denys Church Devpt Fund is restricted to the planned improvements to the facilities inside the St Denys' Church building. The St Denys Building Fund is restricted to the maintenace of St Deny's church buillding. The Hatford Building Fund is restricted to the upkeep of the church and churchyard at St George's, Hatford. Fabric Fund Goosey is restricted to the maintenance of the All Saints, Goosey church building. The Cotton Bequest fund is the income from the Cotton endowment and is restricted to the maintenance of the Cotton memorial and graves, and inscriptions legible and re-cut from time to time. The Johnson Bequest fund is the income from the Johnson endowment and is restricted to the maintenance of the St Deny's Church churchyard. The Paynter Fund Trust is restricted to the upkeep of family mausoleum in St George's church, Hatford. The Youth & Children Fund is a restricted fund for the costs of running children's and youth activities. The Parish Weekend Bursary Fund is a restricted fund to be used to help with costs for attending Church weekend away. The Churchyard Bequest is restricted to the upkeep of the St Deny's churchyard The Vicar's Discretionary Fund is restricted grants given for the vicar to use at his discretion to help parishioners. In addition to these restricted funds held as cash funds, there are restricted fund and endowment fund balances held as investments as shown in the Statement of Assets & Liabilities. The movements on these do not form part of the Receipts and Payments Account. Page 10 ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF STANFORD IN THE VALE WITH GOOSEY AND HATFORD** ## **NOTES TO THE ACCOUNTS** ## **FOR THE YEAR ENDED 31 DECEMBER 2021** ## **5 Reconciliation with previously reported funds** As explained in note 1 'Accounting Policies' , in the previous year the charity prepared its accounts using the accruals basis; in the current year the charity's income was less than £250,000 and the charity has taken advantage of the option to prepare its accounts on a receipts and payments basis. The comparatives presented in these accounts have been re-stated using the receipts and payments basis and a reconciliation with the reserves and results reported previously follows: |_Reconciliation of reserves_
Previously reported reserves, at 31 December
Adjustments arising from use of receipts and payments basis:
Exclusion of previously included fixed assets
Exclusion of previously included investments
Exclusion of previously included debtors
Exclusion of previously included creditors
Re-stated reserves, at 31 December
Previously reported results
Adjustments arising from use of receipts and payments basis:
Previously capitalised expenditure, less depreciation, now expensed
Unrealised gains/losses on investments
Excluded movements in debtors resulting in the recognition of more / (less) income
Excluded movements in creditors resulting in the recognition of less / (more) expenditure
Re-stated results
_Reconciliation of results_|2020
£
162,358
-
(16,371)
(259)
5,113
150,841
2020
£
(5,546)
59
(976)
4,314
751
(1,398)|2019
£
167,905
(59)
(15,397)
(4,571)
4,362| |---|---|---| |||152,240| |||| Page 11