2021-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of Leatherhead

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

			Notes	UnrestrIcted Funds	Designated Funds	Restricted Funds	Total 2021	Total 2020
INCOI45 AND ENDOWMENTS					6	6	5	6
Donations and legades			5a	99,724		22,189	121,913	237,037
Charitable activities			5b	1,443			1,443	1,576
Other tradlnn activities			Sc	50,460			50,460	44,602
Investments TOTAL INCOME			5(I	13,597 ~165224	0	3,684 ~~8873	17,281 ~~11098	4,937 ~5
EXPENDITURE
Charitable activities			6a	4,105	0	0	4,105	13,369
Other expenditure			6it	110,075	0	46,107	156,182	618,264
Raising funds			60		0	0	0	1,185
TOTAL EXPENDITURE				~214180	0	4I),107	333022 7~632818
NET INCOME/(EXPENDITURE)				51,045	0	(20 234)	30t811	(344r666)
NBT GAINS/(LOSSES)	ON INVESTMENTS
Other lixed Invest nants					0	17,379	17,379	76,131
NET INCOME/(EXPENDITURE) AFTER NET GAINS/(LOSSES) ON INVESTMENTS					0	~55	4841st	(((8,!L3355))
TRANSFERS BETWEEN	FUNDS				0	0	0	0
NET MOVEMENT IN FUNDS				51,045	0	((2,(5)	48,149I	(2(68,(I
RESERVES BROUGHT FORWARD AT
1IANUARY 2021				(4,357)	0	543,598	539,241	807,776
RESERVESCARRIED PORWARD		AT
31DECEMBER 2021				46688	0	540 743	~887 31	539241

a) Accountinp convention	a) Accountinp convention
The tinanclsl statements have been prepared 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 ofIreland (FRS 102)(Second Edition)' and the Financial Repwtlng Standard applicable In the United Kingdom and Republic of ireland IFRS 102) and the Charities A*2011and UK Generagv Acceoted Practice as It aoolles from I lanuarv 2015.
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 fogowlng 'Accountlnp and Reporting by Charities. Statement of Recommended Practice appgceble to charities preparing their accounts In accordance with the Financial Reporting Standard applicabls In the UK and Republic of ireland (FRS 102) (Second Edition)'rather than the Accounting and Rennrtlnn hv Charnlns Statement nf Rarnmm nrlail prarnrs affarfiva fmm I Anru 200\ whirh luis slnra hs*n withdrawn
b) Definitions used in this sectloni	"SoFA"means the Statement of Financial Affairs/ Financial Statements 'PCC' means the Parochial Church Councg ofthe Ecclesiastical Parish of Lwitherhead
c) Incoming Resources
Recognition of Income	These are included ln the SoFA when the PCC becomes entitled to the resources and the PCC view the receipt the resources as probable and the monetary value can be measured with suffldent regablhtv,
Income with related expenditure	Where Incoming resources are deemed the property ofthe PCC and have related expenditure (as with fund raising or contract Income) the Incomlnp resources snd related expenditure, unless otherwise stated, are each reported gross In the SoFA. However, where there is a flow through offunds, e.g, where funds are raised for a third party and then fully paid out to that third party, then neither tha income (which is not the property ofthe PCC) nor the expenditure are reflected rh 5 Fli
Grants and donations	Grants and donations ere only induded within the SoFA when the PCC has unconditional entitlement to such resources.
Legacies	Legacies are recognised when the PCC Is notified of fts legal entitlement following grant of probate and Is notified ofthe amount dua and the satuement data.
Tax reclaims on donations end gifts	Incomlnp resources from tex reclaims are Included ln the SoFA at the same time es the gift to which they relate.
investment Income	Investment Income Is Included ln the financial statements when receivable.
investment gains and losses	This Indudes any gain or loss on the sale of' investments or any gain or loss resulting from revalulnq investments to market value at the year end.
d) Expenditure and Liabilities Recognitlon
Llabgitles recognltlon	Llabgitles ere recognised as soon as there Is a legal or constructive obggatlon committing the PCC to pay out resources.
Grants payable without performance condiuons	These ere only recognised In the SoFA when a commitment has been made and there are no conditions to ba met relatinq to the orant which rwnaln In the control ofthe PCC.
Irrecoverable VAT	Non recoverable VAT is attributed to the relevant expense.
Costs of generating funds	Costs of generating funds are fund raising and publicity
Charitable activities	Charitable activities are expenditure on tha mission.
Governance costs	Governance costs Include legal and other professional fees.
Support costs	Support costs are the costs of Church management and administration. All such costs have been allocated to activities directlv relatino to the work of tha Church.
e) Financial instruments	The PCC only has financial assets and financial gabgtles of a kind that qualify as basic Instruments. Basic financial Instruments are Initially recognised st transaction value snd subsequently measured at their settlement value.

THE PAROCHIAL CHURCH COUNCIL OF THE	THE PAROCHIAL CHURCH COUNCIL OF THE	THE PAROCHIAL CHURCH COUNCIL OF THE	THE PAROCHIAL CHURCH COUNCIL OF THE	THE PAROCHIAL CHURCH COUNCIL OF THE	THE PAROCHIAL CHURCH COUNCIL OF THE
ECCLESIASTICAL PARISH OP					LEATHERHEAD
R glrtered charny numi			1111507
NOTES TO THE FINANCIAL				STATEMENTS
for	the year ended 31	December 1021
10	RESTRICTED INCOME FUNDS											2021 E	2D20I
	The Restricted Income			Funds comprise		the foHowingi
	Curate'5 House (Woodbrldge				Avenue)							375,000	375,000
	Psrlsh Church Repair		Fund									3,398	3,389
	Parish Churth Garden		of Remembrance									7,464	7,458
	Orgah Restoratloh											7,934	7,930
	Poplar Road Fund											54,074	46,887
	New Future											53,174	53,174
	Vision 2020 Makmg	History										(86,725)	(84,304)
	Hardship Fund											1,427	1,446
												415,746	410,980
	CBF Unit Investment:		Poplar		Road (Note 7)							124,997	132,618
	Total											~540 743	~643SSS
	The Poplar Road Fund Is to be sppged for the purposes of children's							education.
11	ANALYSIS OF MOVEMENT				OF FUNDS
						Salanca st	Incoming		Outgoing	Transfers/		Gains and	Balance at
						start ofyear	1550urces		resources	RsdassIEceU0		105555	year end
						6		5	5		5	6	6
	Unrestricted Funds
	General unrestricted					(4,357)		165,224	(114,180)				46,688
	Total Unrestricted		Funds			~4357	~LSS224		~224 180				45 SSS
	Designated I'unde
	New Future / Vision	2020
	Total Designated Punds					0		0
	Restricted Funds
	Curate'5 House (Woodbndge				Avenue)	375,000							375,000
	Parish Church Repair		Fund			3,389							3,398
	Parish Church Garden
	of Remembrance					7,458		6	0			0	7,464
	Organ Fund					7,930		4	0			0	7,934
	Poplar Road Fund					179,505		3,684	(21,497)			17,379	179,071
	Nsw Future					53,174		0	0			0	53,174
	Vision 2020 Making	History				(84,304)		22,189	(24,610)			0	(86,725)
	Hardshp Fund					1,446		0	(19)			0	1,427
	Total Restricted Punds					~643698	~26891		45128			379	540
	Total Frrhds					~639241	~192115		~150305		0	~27 379	~687431
12	ANALYSIS OF NET		ASSETS BYFUND				Unrestricted		Desighated	Restrkte	d	Total	Total
	GROUPING							I'unde E	Fuhd5 E	Funds		2021I	2020 6
	Fixed Assets							0		375,000		375,000	375,000
	Invastmants							0		124,997		124,997	132,618
	Current Assets							81,056		130,746		211,802	166,769
	Currant Uabgitles						(34,368)				0	(34,368)	(45,146)
	Long Term Uabihtlas							0		(90,000)		(90,000)	(90,000)
	Funds balances						~48 588			~540743		~687431	~539241

TES TO THE FINANCIAL STATEMENTS ths year ended 31December 2021	TES TO THE FINANCIAL STATEMENTS ths year ended 31December 2021	TES TO THE FINANCIAL STATEMENTS ths year ended 31December 2021	TES TO THE FINANCIAL STATEMENTS ths year ended 31December 2021
FURTHER DETAILS OF GRANTS AND DONATIONS MADE FROM BOTH RESTRICTED AND UNRESTRICTED FUNDS				2021 UK E		Overseas I	2020 UK I	Overseas 6
Church Missionary Society (I/nrestrlcted) Combat Stress (I/nrestrkted) Epsom Ik Ewell Foodbank (Resbfcted) Children's Summer Lunches (Restricted)							0 0 7,210 2,054
					0	0	9264	0
SUPPORT COSTS FOR THE CHURCH			Unrestricted Fustda E Designated FundsI Restricted PundsI				Tots I 2021I	Total 2020I
Church Hall running costs (Including Printing and stationery, post etc. Bank charges and loan Interest Independent examination Other accountancy fees Legal and Other Professional fees Other	salaries)		11,321 5,633 193 2,700 0 1,236 281				11,321 5,633 193 2,700 0 1,236 281	17,412 5,066 307 2,700 320 828 0
			21364			0	21364	26633
LEASES
At the reporting date the Church had fall due as follows.	the following	minimum	lease payments under	non-cancellable		operating	leases (for equipment)	which
							2021 I	2020 I
Expiring ln less than one year Expiring in two to five years							4,080 0	4,080 7,140
							~4080 ~II 220
ANALYSIS OF PRIOR YEAR TOTALS			Unrestricted Designated		Restricted			Total
			Ftfrlde	Funcle		Funds		2020
			E	6
INCOME AND ENDOWMENTS
Donations and lenades Charitable activities Other tradlno activities Investments			76,709 1,576 44,602 46	0	160,328 0 0 4,891 ~111		237,037 1,576 44,602 4,937 ~28822
EXPENDITURE
Charitable activities Other expenditure Raisins funds			4,105 161,340 1,185	0 0 0		9,264 456,924 0		13,369 618,264 1,185