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2021-12-31-accounts

Charity number: 1132082

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARGARET'S WARNHAM

Unaudited

Trustees' report and financial statements

for the year ended 31 December 2021

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARGARET'S WARNHAM

Contents

Page
Reference and administrative details of the Charity, its Trustees and advisers 1
Trustees' report 2 - 6
Trustees' responsibilities statement 7
Independent examiner's report 8
Statement of financial activities 9
Balance sheet 10
Notes to the financial statements 11 - 21

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARGARET'S WARNHAM

Reference and administrative details of the Charity, its Trustees and advisers for the year ended 31 December 2021

Trustees Revd Jules A Barnes, Chair (resigned 21 March 2021) Steve Lambie, Warden Richard Smillie, Warden Liz Jones, Treasurer Jonathan Lucas, Patron, now Chair Ros Parker, Secretary Brian Jones (resigned 31 March 2021) Elaine Lambie Karen Parnell Stephen Parker Geoffrey Ward (resigned 31 March 2021) Alex Edgal Gareth Higgs Lucy Davenport Julia Smith Penny Hayles (resigned 31 March 2021) Martin Rogers Pamela Woolterton Margaret Oram David Johnstone (appointed 25 April 2021) Hilary Farquhar (appointed 25 April 2021) Revd Rebecca Tuck (appointed 23 September 2021)

Charity registered number 1132082 Principal office The Garden House Church Street Warnham Horsham RH12 3QP Accountants Kreston Reeves LLP Chartered Accountants A2 Yeoman Gate Yeoman Way Worthing West Sussex BN13 3QZ

Page 1

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARGARET'S WARNHAM

Trustees' report

for the year ended 31 December 2021

Our aims and purposes as a charity

St. Margaret’s PCC exists to promote the Gospel of our Lord Jesus Christ within the ecclesiastical parish of Warnham and according to the doctrines and practices of the Church of England. The PCC operates as a registered charity, and is aware of the Charity Commission guidance on public benefit in setting its objectives and activities. The PCC has the responsibility of cooperating with the Priest in Charge, Revd Jules A. Barnes, who has the ‘cure of souls’ for all who are resident in the parish, in promoting the whole mission of the Church: pastoral, evangelical and social.

The main objectives of the PCC are:

The beginning of 2021 was, once again, in lockdown due to the rising cases of Covid-19 in the area. Despite restrictions, 2021 has seen the continuation of our core activities of worship, welcoming and being good neighbours. Our activities continued to be re-shaped in response to the restrictions imposed by government. We acknowledge the continuing challenge the pandemic has presented, both practically and pastorally. In February, the Revd. Jules Barnes resigned and took up a post in Germany thus presenting the additional challenge of being in vacancy. Blessed with a relatively short interregnum, the Revd. Rebecca Tuck was inducted as Vicar on 23rd September.

The PCC of Warnham has continued to operate with due regard to the 2017 House of Bishops’ guidance on safeguarding children and vulnerable adults. Safety too, has taken on the additional element of risk assessment around all our activities in relation to the transmission of the Corona virus. We highlight the unstinting service of Deryn Foote, our health and safety office, in keeping abreast of all the regulations of Covid guidance, and in carrying out risk assessments; and to Sarah Foote, our Safeguarding Officer. Thank you from us all.

What we aimed to do to achieve our charitable objectives

During 2021 we continued to work towards the following general objectives.

What we achieved and how we affected beneficiaries’ lives

Participation in public worship

St. Margaret’s continues to offer a range of worship, both in terms of liturgy and style, with we hope, something for almost everyone. The year started with in-person services being suspended due to the rise in Covid infection rates. Services continued, however, to be live-streamed. Pre-booking for in-person services was reinstated in February. The number was limited to 30/40 but fortunately no one was turned away. During the interregnum, a service Planning Group was formed consisting of the Churchwardens, Director of Music, Sacristan, Administrator, the PCC Secretary, Jo Browse and Margaret Oram. Meeting monthly, they planned all aspects of the worship provision. Each Sunday there was a Eucharistic service presided over by visiting clergy. On Easter Sunday there were two Parish Communion services. We are enormously grateful to the clergy who were able to take our services.

During the pandemic, hymn singing was restricted to choir-only but weather permitting, the congregation were able to venture outside into the churchyard to sing the last hymn of the service. It was wonderful to be able to sing again, and was excellent witness to passers-by.

Page 2

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARGARET'S WARNHAM

Trustees' report (continued) for the year ended 31 December 2021

Music is so important and often taken as a given at St Margaret’s – even in Covid times. Our thanks go to Mark Browse, as Director of Music, and the choir who began socially-distanced singing as soon as was possible. Members of the choir rotated during this period when the maximum number of singers was six. It was a huge blessing that an augmented choir could be brought together for a wonderful service of Nine Lessons and Carols which was well-attended by the local community, with some attending St Margaret’s for the first time.

The churchyard also became a focal point during Holy Week and Easter Sunday with an installation on the front lawn of the churchyard. A wooden cross was erected to tell the Easter story. Many sat down in the sunshine on the benches positioned in front of it to ponder Jesus’ journey of death and resurrection. The cross stayed up until Pentecost on 23rd May when we had a fire-pit to celebrate the coming of the Holy Spirit.

Similar to last year, in response to the pandemic and uncertainty of being able to hold events inside, we repeated the display of Christmas trees which were decorated and lit by local businesses and groups. This brought considerable joy and cheer to all who passed by St. Margaret’s church, on foot or by car during December.

Our live-streamed services continue to be available via YouTube and can be viewed during the week which enables our services to be available to a wider audience if they are unable to attend or watch on Sundays.

Morning Prayer continued throughout the pandemic on Zoom; and in-person whenever the church wasn’t in lockdown.

At Christmas, we were able to have an in-person Nine Lessons and Carols service, together with two ‘crib’ services and midnight mass on Christmas Eve.

Revd. Rebecca has reinstated 8am Holy Communion on two Sundays per month and the monthly Thursday 10.30am service has continued. She has introduced a new Sunday All-Age-Worship morning service once per month; an afternoon service for families once per month; reinstated Sunday Club coordinated by Lucy Davenport, to whom we are grateful for taking on this important role; and formed a new Youth Group for Year 5 upwards on Sunday evenings.

Reaching out, and nurturing our communities

Throughout the pandemic, a weekly news sheet was, and continues to be, emailed to all who are on the Electoral Roll or who have asked to be in receipt of a copy. This replaced the paper pew sheet which was given out in church at Sunday services, and has proved to be another positive outcome of the pandemic and one which will stay. It also counts in a small way to reducing our use of paper. Those who don’t do email, are welcome to have a paper copy.

We welcomed 3 new members to church during 2021 in the sacrament of Baptism. At the year-end 31st December 2021, the members of our Electoral Roll numbered 201 (no change from 2020).

In July, restrictions on numbers attending weddings were lifted. There were 6 weddings in 2021. The number of funerals conducted in church was 18; there were 11 separate interments of ashes; and 3 funerals conducted at a crematorium.

Links to Warnham CEP School have continued with the church community represented on the governing body in our three Foundation Governors, namely, Alex Hill, Rachel Hamer, and Revd. Rebecca. The role of Foundation Governor is a huge commitment, and we are indebted to them for the work that they do. During the interregnum, the head teacher kept in touch via one of the Churchwardens, and latterly with the Revd. Rebecca, in respect of practical and pastoral support for some families. This support continues.

Jo Browse delivered a Lent course (on Zoom) which focused on the film Chocolat as a basis for discussion. This was warmly received and appreciated by those who took part. Revd. Rebecca ran an Advent course entitled Travelling Light offered on a Thursday morning and evening. This, too, was much appreciated with the morning sessions being most popular.

Page 3

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARGARET'S WARNHAM

Trustees' report (continued) for the year ended 31 December 2021

‘Reaching out’ to the village is certainly something that the wonderful team of bell-ringers do each week. The sound of the bells pealing on Thursday evenings, Sunday mornings, and on other special occasions is, perhaps, something that the village has come to take for granted. However, the community would certainly miss their sound if it didn’t exist. Along with everything else, Covid prevented the ringers meeting but as soon as restrictions were relaxed, and four ringers were allowed if socially-distanced, the bells rang out again. Our gratitude goes to Gareth Higgs, Tower Captain, and all the bellringers for their unstinting commitment and service.

‘Warnham Bambies’, our parent/carer and toddler group meet every week during term time. Led by Tara Tew, we are indebted to her for this important outreach.

Similarly, ‘Friday Forum’, is a valuable opportunity for the older and wiser members of our community to come together; and we are extremely grateful to Ann Whitton and Mandy Tanswell for organising this.

The ‘Theme Green’ project continues. A survey of wild flowers was undertaken by David Bridges, and a plan to re-wild a small area of the churchyard determined.

A ‘mini-bazaar’ took place in the form of a plant sale in a trailer outside the Warnham Village Stores and ran for a few weeks. Thanks go to Caroline Lucas, James and Shirley Coggins, Gareth and Audrey Higgs for their hard work in supplying and looking after the plants, and removing the trolley every evening to keep it safe until the next morning. Thanks also go to everyone who raised and donated plants. Not only did the community appreciate the opportunity to buy plants for their garden but very welcome funds of £1,156 were raised for St. Margaret’s.

In June we held a very successful Open Gardens Weekend. Audrey Higgs and Brigitte Ziegler were the key organisers and did a marvellous job of making this happen. The event was hugely welcomed as it was one of the first events in the area after lockdown restrictions were eased, and offered people something exciting to do, particularly outside. The weather was in our favour, and everyone who attended the gardens was able to round the afternoon off with a cup of tea and a delicious slice of homemade cake. The wonderful sum of £3,200 was raised for St Margaret’s.

The annual Warnham Bazaar which, pre-Covid, took place in the village hall was rebranded as ‘Christmas in the Churchyard’. This comprised the switching on of the Christmas trees’ lights, mulled wine, hot chocolate, BBQ, and various stalls under gazebos plus stalls inside the church. Not only did this event become a focal-point for the village with hundreds of people attending but also raised just under £2,500. Many people worked hard to make this event happen and huge thanks go to them all, including Elaine Lambie for its initiation and organisation.

The Warnham Warbler magazine is, and has been, a huge part of church and village life and is an important way of communicating news and events around the parish. Simon Machin took over as its Editor and did a sterling job each month. Unfortunately, due to other commitments, he had to relinquish the role. We are grateful to him for all his hard work in 2021. The search for a new editor has, therefore, begun. In the meantime, we are indebted to Sue Overton for her determination in keeping this important outreach going by standing-in as a caretaker Editor.

St Margaret’s presence is widely advertised on various social media sites, namely, Facebook, Twitter, and YouTube. The website is kept up-to-date. We are grateful to Jo Browse for her expertise in managing all of this.

Provision of the church buildings and churchyard for people to enjoy

The church continues to be appreciated by our parishioners and many others, as spaces where life events are celebrated with joy and thanksgiving. Also, where solace and hope are present when needed. Whenever possible, in between the various lockdowns of 2021, the church was open for private prayer.

Throughout this period, Pam Woolterton has provided beautiful flower displays particularly at Eastertime and Harvest, for which we are very grateful.

Page 4

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARGARET'S WARNHAM

Trustees' report (continued) for the year ended 31 December 2021

General maintenance work has been carried out on the church to ensure that it is kept in good condition. There was some repair work made to the metal roof of the church porch.

Churchyard work parties continued in order to keep the grounds in good order. In addition, a new team led by Ann Lloyd and Audrey Higgs, started meeting to work on the churchyard on the first Monday of the month. There is also the regular mowing rota, drawing in many from the wider village, who take great pride and pleasure in contributing to this offering.

The Parish Room, whilst closed for part of the year, re-opened as a venue for local groups. And is a popular choice, especially as it now has free WiFi. Thanks go to Carole Wickersham for managing its bookings; and to Rachel Hamer for organising its cleaning rota.

To ensure that the church is kept clean and tidy, a one-hour ‘exercise session’ started in July and subsequently takes place monthly. All are welcome to join in. This is very popular with everyone enjoying the camaraderie and proving the adage that more hands make light work!

Provision of pastoral care for people living in the parish

Our pastoral team keep in contact with a number of the lonely or isolated, (and where possible, make personal visits too).

Many of our regular groups were unable to meet in their usual fashion during the first and latter part of 2021. Coffee after church services was also affected by social-distancing measures having to be adhered to but happily took place when it could.

The news that Orchard Lodge (a residential home for people who are mentally and physically challenged) was to close was met with immense sadness. A team from St Margaret’s, led by Rachel and John Hamer, and Roy and Eileen Boyd have supported Orchard Lodge with monthly services of worship, for many years. We were able to have one last in-person service with them before its doors shut. This was an emotional service for all involved as close relationships had been formed both with residents and staff. Each resident was given a card letting them know that wherever they move to, they will be forever in our thoughts and prayers.

Provision of tangible support to the poor and needy

As a church, we have continued to be proactive in communicating with our school, district council, and local Mary Wharrie charity. This has enabled us to provide practical support in terms of grants and food for several families in Warnham and often at short notice.

We also regularly contribute items to food banks locally, and were pleased to make two major collections for larger local charities this year: sending our Harvest Festival gifts to Crawley Open House; and a collection of toys for Family Support Work (the Sussex charity for families) at Christmas.

As a PCC, we made the decision once again, to make disbursements (from our 2020 income) to support other charitable organisations, as part of our contribution to the wider common good; especially those who are engaged in mission, or work for justice and equality. It was agreed that for 2021, disbursements are suspended pending a review of the policy.

Financial Review

Incoming and outgoing resources

During 2021 we continued to address the ongoing challenge of our operating costs not being met by our income. This has been exacerbated by lockdowns and reduced numbers attending church services particularly those with underlying health conditions. Despite restrictions imposed by the pandemic, an incredible £6,856 was raised through fund-raising events (Mini-Bazaar, Open Gardens, Christmas in the Churchyard.) Enormous thanks go to all those who supported these events. However, the year still ended in a deficit position of £3,775.

Page 5

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARGARET'S WARNHAM

Trustees' report (continued) for the year ended 31 December 2021

Planned giving income increased by £4,067 during 2021. Our total voluntary income, including tax recovered, but excluding legacies decreased by £12,513. The total receipts on general unrestricted funds received were £103,025 and are detailed in the Financial Report.

In December, the installation of WiFi into the church (and Parish Room) has enabled a ‘Sum-Up’ electronic card reader to be set-up. Hopefully, during 2022 we will see an increased use in this form of giving particularly as so few people, these days, carry cash. Enormous thanks go to Richard Smillie for managing this project.

Sharing the ministry costs of the Diocese of Chichester

By far the largest expenditure of the PCC was the sum of £72,090 paid to the diocese of Chichester, as our Parish Share contribution. We paid this in full, as a means of sharing in the central costs and missional objectives of the diocese. This amount covers the central housing, stipend and pension costs of the clergy, also a substantial standard sum for diocesan central costs, clergy training and a contribution to national church funds. This year the contribution from St Margaret’s increased by 4% on the previous year.

Staff costs

The PCC continues to pay for a part time office administrator. This amount is included in the annual accounts.

The New Vicarage

The Vicar lives in The Vicarage, Caryll Place, Warnham, in a house purchased and owned by the Diocese of Chichester. Under schedule 2 of the Licence agreement however, the PCC is responsible for the Council Tax, Water Rates and some other minor charges.

Trustee payments and expenses

The PCC supported the clergy by paying a total of £1,131 in Council Tax plus other expenses towards telephone, office supplies and broadband amounting to £239.

Why we hold some money in reserve

It is PCC policy to maintain a balance on the General Unrestricted Funds which equate to at least six months’ worth of unrestricted payments as a contingency against unforeseen situations. At 31 December 2021 the balance was £66,559 which still satisfies compliance with this policy.

Structure, governance and management of the charity

The Parish of St. Margaret’s Warnham is part of the Diocese of Chichester within the Church of England. The Parochial Church Council (PCC) is registered with the Charity Commission as required by the Charities Act 2011. PCC members are Trustees of the charity. Its governing document is the Parochial Church Councils (Powers) Measure 1956. St Margaret’s Warnham is registered charity no. 1132082.

Potential Trustees are identified from within the church community on a number of criteria; these may include being able to commit for a period of three years, an enthusiasm to have a say in the running of the PCC and church, a keenness to think of new ways of doing things, a personality that is open to different points of view and discussion to find the best way forward, tolerance of difference, awareness of need within the community. The procedural appointment of Trustees is a nomination with a seconder and in the event of more candidates than vacancies, an election at the Annual Parochial Church Meeting would be held.

Approved by order of the members of the board of Trustees and signed on their behalf by:

Jonathan Lucas

Chair Date:

Page 6

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARGARET'S WARNHAM

Statement of Trustees' responsibilities for the year ended 31 December 2021

The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and 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, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the . 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.

Approved by order of the members of the board of Trustees and signed on its behalf by:

Jonathan Lucas

Chair

Date:

Page 7

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARGARET'S WARNHAM

Independent examiner's report for the year ended 31 December 2021

Independent examiner's report to the Trustees of THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARGARET'S WARNHAM ('the Charity')

I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 December 2021.

Responsibilities and basis of report

As the Trustees of the Charity you are responsible for the preparation of the 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 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2019.

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

  1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or

  2. the accounts do not accord with those records; or

  3. 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.

This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.

Signed:

Dated:

James Peach, FCA

Kreston Reeves LLP Chartered Accountants Worthing

Page 8

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARGARET'S WARNHAM

Statement of financial activities for the year ended 31 December 2021

Note
Income and
endowments from:
Donations and legacies
2
Charitable activities
3
Other trading activities
4
Investments
5
Total income and
endowments
Expenditure on:
Charitable activities
6
Total expenditure
Net movement in
funds
Reconciliation of
funds:
Total funds brought
forward
Net movement in funds
Total funds carried
forward		 Unrestricted
funds
2021
£
75,705
19,971
7,089
260
103,025
106,342
106,342
(3,317)
74,899
(3,317)
71,582		 Restricted
funds
2021
£
-
-
-
16
16
474
474
(458)
7,475
(458)
7,017		 Endowment
funds
2021
£
-
-
-
-
-
-
-
-
3,000
-
3,000		 Total
funds
2021
£
75,705
19,971
7,089
276
103,041
106,816
106,816
(3,775)
85,374
(3,775)
81,599		 Total
funds
2020
£
88,118
17,797
7,197
406
113,518
104,714
104,714
8,804
76,570
8,804
85,374

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

The notes on pages 11 to 21 form part of these financial statements.

Page 9

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARGARET'S WARNHAM

Balance sheet as at 31 December 2021

Note
Current assets
Debtors
9
Cash at bank and in hand
Creditors: amounts falling due within one
year
10
Net current assets
Total net assets
Charity funds
Endowment funds
11
Restricted funds
11
Unrestricted funds
11
Total funds		 1,933
88,906
90,839
(9,240)		 2021
£
81,599
81,599
3,000
7,017
71,582
81,599		 3,994
90,804
94,798
(9,424)		 2020
£
85,374
85,374
3,000
7,475
74,899
85,374

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

................................................ ................................................ Jonathan Lucas Liz Jones Chair Treasurer Date:

The notes on pages 11 to 21 form part of these financial statements.

Page 10

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARGARET'S WARNHAM

Notes to the financial statements for the year ended 31 December 2021

1. Accounting policies

1.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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 Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The financial statements have been prepared to give a 'true and fair' view and 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 Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARGARET'S WARNHAM meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

1.2 Income

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

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

1.3 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

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

All expenditure is inclusive of irrecoverable VAT.

1.4 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

1.5 Cash at bank and in hand

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

Page 11

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARGARET'S WARNHAM

Notes to the financial statements for the year ended 31 December 2021

1. Accounting policies (continued)

1.6 Liabilities and provisions

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

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

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

1.7 Financial instruments

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

1.8 Fund accounting

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

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

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

Investment income, gains and losses are allocated to the appropriate fund.

Page 12

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARGARET'S WARNHAM

Notes to the financial statements for the year ended 31 December 2021

2. Income from donations and legacies

Donations and legacies
Planned giving
Collections at all services
Sundry donations and appeals
Income tax recoverable
Legacies
Total 2021
Donations and legacies
Planned giving
Collections at all services
Sundry donations and appeals
Income tax recoverable
Legacies
Total 2020		 Unrestricted
funds
2021
£
56,218
3,009
2,419
13,959
100
75,705
Unrestricted
funds
2020
£
52,151
2,642
18,318
14,767
-
87,878		 Restricted
funds
2021
£
-
-
-
-
-
-
Restricted
funds
2020
£
-
-
240
-
-
240		 Total
funds
2021
£
56,218
3,009
2,419
13,959
100
75,705
Total
funds
2020
£
52,151
2,642
18,558
14,767
-
88,118

Page 13

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARGARET'S WARNHAM

Notes to the financial statements for the year ended 31 December 2021

3. Income from charitable activities

Church hall lettings
Fees from weddings etc
Parish magazine
Total 2021
Church hall lettings
Fees from weddings etc
Parish magazine
Total 2020		 Unrestricted
funds
2021
£
225
14,822
4,924
19,971
Unrestricted
funds
2020
£
747
9,082
7,968
17,797		 Total
funds
2021
£
225
14,822
4,924
19,971
Total
funds
2020
£
747
9,082
7,968
17,797

4. Income from other trading activities Income from fundraising events

Fund-raising events
Bookstall
Fund-raising events
Bookstall		 Unrestricted
funds
2021
£
7,022
67
7,089
Unrestricted
funds
2020
£
7,189
8
7,197		 Total
funds
2021
£
7,022
67
7,089
Total
funds
2020
£
7,189
8
7,197

Page 14

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARGARET'S WARNHAM

Notes to the financial statements for the year ended 31 December 2021

5. Investment income

Bank interest
Bank interest
Analysis of expenditure by activities
Expenditure on raising funds
Expenditure on charitable giving
Expenditure on raising funds
Expenditure on charitable giving		 Unrestricted
funds
2021
£
260
Unrestricted
funds
2020
£
365
Fundraising
costs
2021
£
699
-
699
Fundraising
costs
2020
£
20
-
20		 Restricted
funds
2021
£
16
Restricted
funds
2020
£
41
Support
costs
2021
£
-
106,117
106,117
Support
costs
2020
£
-
104,694
104,694		 Total
funds
2021
£
276
Total
funds
2020
£
406
Total
funds
2021
£
699
106,117
106,816
Total
funds
2020
£
20
104,694
104,714

6. Analysis of expenditure by activities

Page 15

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARGARET'S WARNHAM

Notes to the financial statements for the year ended 31 December 2021

6. Analysis of expenditure by activities (continued)

Analysis of support costs

Missionary and charitable giving
Ministry costs
Church running expenses
Upkeep of services
Parish magazine
Church hall running costs
Independent examiners fees
Total 2021		 Charitable
giving
2021
£
484
77,327
9,488
10,637
5,401
1,154
1,626
106,117		 Total
funds
2021
£
484
77,327
9,488
10,637
5,401
1,154
1,626
106,117

During 2021, £474 upkeep of services expenditure (2020: £2,056 boiler expenses) was from restricted funds. All other support costs were from unrestricted funds

Missionary and charitable giving
Ministry costs
Church running expenses
Upkeep of services
Messy church expenses
Parish magazine
Church hall running costs
Independent examiners fees
Debt write off
Boiler expenses
Total 2020		 Charitable
giving
2020
£
5,023
76,234
6,560
10,562
175
5,132
1,460
1,560
(4,068)
2,056
104,694		 Total
funds
2020
£
5,023
76,234
6,560
10,562
175
5,132
1,460
1,560
(4,068)
2,056
104,694

Page 16

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARGARET'S WARNHAM

Notes to the financial statements for the year ended 31 December 2021

7. Independent examiner's remuneration

2021 2020
£ £
Fees payable to the Charity's independent examiner for the independent
examination of the Charity's annual accounts 1,350 1,290

8. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2020 - £NIL).

During the year ended 31 December 2021, no Trustee expenses have been incurred (2020 - £NIL).

9. Debtors

Due within one year
Other debtors
Prepayments and accrued income		 2021
£
1,785
148
1,933		 2020
£
2,844
1,150
3,994

10. Creditors: Amounts falling due within one year

2021 2020
£ £
Accruals and deferred income 9,240 9,424

Page 17

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARGARET'S WARNHAM

Notes to the financial statements for the year ended 31 December 2021

11. Statement of funds

Statement of funds - current year

Unrestricted funds
Designated funds
Designated Fund
General funds
General Fund
Total Unrestricted funds
Endowment funds
Joan Barton endowment fund
Restricted funds
Youth Work Fund
Flower Fund
Joan Barton Restricted Fund
Jean Swiss Crocus Cross Fund
Mick Hodgson Refurbishment
Fund
C Loveless Mission Fund
Total of funds		 Balance at 1
January
2021
£
1,755
73,144
74,899
3,000
627
1,726
534
323
1,667
2,598
7,475
85,374		 Income
£
-
103,025
103,025
-
-
-
16
-
-
-
16
103,041		 Expenditure
£
(484)
(105,858)
(106,342)
-
-
(474)
-
-
-
-
(474)
(106,816)		 Transfers
in/out
£
3,752
(3,752)
-
-
-
-
-
-
-
-
-
-		 Balance at
31
December
2021
£
5,023
66,559
71,582
3,000
627
1,252
550
323
1,667
2,598
7,017
81,599

Page 18

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARGARET'S WARNHAM

Notes to the financial statements

for the year ended 31 December 2021

11. Statement of funds (continued)

Designated fund

In previous years the PCC set aside 10% of its income from certain sources in that year for missionary and charitable giving in subsequent years. The balance of the designated fund represents amounts set aside that have not been distributed by the end of the year.

Endowment fund

Joan Barton endowment fund

The endowment was bequeathed by Joan Barton. The income is to be used in keeping the graves and gravestones or her and her family in good order and repair. Any surplus of income after maintenance of the said graves and gravestones is to be used for keeping the grave yard in good order and repair.

Restricted funds

Youth Work Fund

This fund is money raised or donated to help with the Church youth organisations in any way.

Flower Fund

This is money donated to cover Church flowers when the cost is not provided by other means.

Messy Church

Messy church is a monthly act or worship for adults and children based around shared refreshments and craft activities. This fund represents donations and other income received specifically to support Messy Church. Costs in excess of the sums received have been met out of the General Fund.

Joan Barton Restricted fund

The endowment was bequeathed by Joan Barton. The income is to be used in keeping the graves and gravestones or her and her family in good order and repair. Any surplus of income after maintenance of the said graves and gravestones is to be used for keeping the grave yard in good order and repair.

Jean Swiss Crocus Cross Fund

The fund is a bequest from the late Mrs Jean Swiss. The money is to be used for the maintenance of the Crocus Cross.

Mick Hodgson Fabric Fund

This fund is a bequest from the late Mr Mick Hodgson. The money is to be used for the refurbishment of the fabric of the church.

C Loveless Mission Fund

This was a bequest from Rev. Christopher Loveless to be used to advance the mission and ministry of St. Margaret's.

Page 19

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARGARET'S WARNHAM

Notes to the financial statements for the year ended 31 December 2021

11. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds
Designated funds
Designated Fund
General funds
General Fund
Total Unrestricted funds
Endowment funds
Joan Barton endowment fund
Restricted funds
Youth Work Fund
Flower Fund
Messy Church
Joan Barton Restricted Fund
Jean Swiss Crocus Cross Fund
Mick Hodgson Refurbishment
Fund
C Loveless Mission Fund
New Boiler Fund
Total of funds		 Balance at
1 January
2020
£
6,778
56,968
63,746
3,000
627
1,726
39
493
323
1,667
2,598
2,351
9,824
76,570		 Income
£
-
113,237
113,237
-
-
-
-
41
-
-
-
240
281
113,518		 Expenditure
£
(5,023)
(97,635)
(102,658)
-
-
-
-
-
-
-
-
(2,056)
(2,056)
(104,714)		 Transfers
in/out
£
-
574
574
-
-
-
(39)
-
-
-
-
(535)
(574)
-		 Balance at
31
December
2020
£
1,755
73,144
74,899
3,000
627
1,726
-
534
323
1,667
2,598
-
7,475
85,374

Page 20

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARGARET'S WARNHAM

Notes to the financial statements

for the year ended 31 December 2021

12. Analysis of net assets between funds

Analysis of net assets between funds - current year

Current assets
Creditors due within one year
Total		 Unrestricted
funds
2021
£
80,539
(8,957)
71,582
year
Unrestricted
funds
2020
£
84,323
(9,424)
74,899		 Restricted
funds
2021
£
7,300
(283)
7,017
Restricted
funds
2020
£
7,475
-
7,475		 Endowment
funds
2021
£
3,000
-
3,000
Endowment
funds
2020
£
3,000
-
3,000		 Total
funds
2021
£
90,839
(9,240)
81,599
Total
funds
2020
£
94,798
(9,424)
Analysis of net assets between funds - prior
Current assets
Creditors due within one year
Total
85,374

13. Related party transactions

The Charity has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the Charity at 31 December 2021.

Page 21