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2021-12-31-accounts

Princes Risborough with Ilmer Parochial Church Council

Trustees' Annual Report for the year ended 31 December 2021

The Parochial Church Council (PCC) presents its Annual Report for the year ended 31 December 2021

Reference and administrative information

The PCC is a Registered Charity. Its Charity Registration Number is 1133923.

The address of the Church Office is The Chapter House, c/o The New Rectory, Church Lane, Princes Risborough HP27 9AW

The Trustees, members of the PCC who have served at any time from 1st January 2021 until the date this report was approved, are:

Basis of appointment
The Revd David Williams, PCC Chairman Ex officio
The Revd Michael Hunt Ex officio
The Revd Pat Kerr Ex officio
Tony Eccleston LLM Ex officio
Averil Stephenson LLM Ex officio
Roger Arthey, Churchwarden Elected
David Stephenson, Churchwarden Elected
Peter Knight, Assistant Churchwarden Co-opted
Peter Wynn, Assistant Churchwarden Elected
Louise Fell, PCC Secretary Elected
Jane Dyson, Treasurer Ex officio
Debby Cadwallader Deanery Synod representative
Michael Drewett Elected until 22 June 2021
Neil Dyson Elected
James Finlay Elected until 22 June 2021
John Hardy Deanery Synod representative
Lucy Horton Elected
Jenni Kerr Elected from 22 June 2021
Tony Kerwood Elected
David Lillycrop Deanery Synod representative
Kathryn Trout Elected

Principal advisers:

Bankers: CAF Bank, West Malling, Kent, TSB Aylesbury & NatWest Thame Independent Examiner: Mr. W. R. Groves FCA, 1 Pond Cottages, Studridge Lane, Speen, Buckinghamshire

Structure, governance and management

The PCC has been formed under the Parochial Church Council (Powers) Measure 1956. The PCC is a Registered Charity.

The appointment of PCC members is governed by and set out in the Church Representation Rules. PCC members are recruited in a number of ways. The clergy, churchwardens and the treasurer are members by virtue of their office. Deanery Synod representatives are elected by the Annual Parochial Church Meeting (APCM) and hold office for three years. Other members of the PCC are elected annually at the APCM, for a three-year term of office. Additional members are co-opted for specific skills they possess.

New PCC members are provided with induction training, and PCC members are provided with training as necessary to enable them to carry out their role effectively. All PCC members complete safeguarding training, at C0 level or higher if needed by their role in the church.

The PCC makes all decisions corporately except that the Standing Committee has delegated powers to make decisions between PCC meetings subject to keeping the PCC informed as fully as necessary.

The PCC is responsible for all parish finance, its management and control, including the appointment of a treasurer. Members of the PCC are responsible for keeping accounting records, which disclose with reasonable accuracy the financial position of the PCC and which enable them to ascertain the financial position of the PCC and which enable them to ensure that the financial statements comply with the Church Accounting Regulations 2006, the Charities Act 2011 and the Statement of Recommended Practice on Accounting and Reporting by Charities SORP (FRS102). The PCC is also responsible for safeguarding their assets and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The PCC is also required to ensure that the financial statements are examined by an independent examiner or auditor prior to presentation to the Annual Parochial Church Meeting.

In preparing the financial statements, the PCC is required to:

1

There are the following committees and groups:

Standing Committee - This committee consists of the Rector, the Churchwardens, the Assistant Churchwardens, the PCC Secretary, and the Treasurer. It has power to transact the business of the PCC between PCC meetings, reporting to the full PCC as appropriate. It also oversees financial matters: considering and recommending to the PCC the budget for the coming year and monitoring expenditure against that budget.

Groups reporting to the PCC include the Strategy group, the Children's Worker Project Management group, the Care for Creation group, the Technology Advisory group, the Pastoral Care group, and the Church Hall Committee. The Church is part of the Aylesbury Deanery, which is part of the Diocese of Oxford.

Risks and reserves

The PCC has reviewed all the risks faced by the Church and has put in place measures aimed at managing those risks. The PCC has examined the charity’s requirements for reserves in the light of the main risks to the organisation. These risks include the costs of maintaining a medieval building which can suffer from sudden deterioration that is expensive to remedy. The PCC has established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets held by the charity should be a minimum of four months of expenditure. Budgeted expenditure for 2022 is £210,836 and therefore the target is £70,279 in general funds. The reserves are needed to meet the working capital requirements of the charity and the PCC is confident that it would be able to continue the current activities of the charity in the event of a significant drop in funding. As at 31 December 2021 the free reserves for St Mary's, which exclude those invested in fixed assets and those in restricted and designated funds, amount to £58,251 plus the expendable endowments of £66,671 which could be realised without excessive delay if the need arose and the PCC considers this a satisfactory position. The PCC reviews the reserves policy annually.

Objectives and activities

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'.

As a Church family and as individuals, Princes Risborough Parish Church aims to offer worship worthy of the living God. We aim to be an open, welcoming, prayerful, Bible-centred, Spirit-filled church that is for all ages and led by God: where lives are changed and people go out committed to being active disciples for Jesus. Our vision is: "Sharing the love of Christ with all".

The PCC has reviewed priorities and put in place a series of courses to encourage us in our discipleship, delivered via Zoom during the pandemic. A trained prayer ministry team is ready to respond to those seeking prayer. Life Groups (small groups where members share an interest, meet regularly and pray for each other) have continued during the year, in person when possible and also online.

The Church aims to give 20% of its budgeted income each year to other organisations involved in mission in the UK and overseas or involved in humanitarian relief and development work. Members of the Congregation are invited each summer to propose charities to receive awards. Submissions are collated and put to the PCC, which votes on which charities it wishes to support in the following year. The church relies on the voluntary work of so many people within the church, and the PCC very much appreciates their service to the church and our local community.

Achievements and performance

We have offered regular traditional Anglican as well as contemporary worship, and services in a range of styles to mark major festivals. During the COVID pandemic services have been live-streamed online and offered via Zoom. Civic services and special services for community uniformed groups have been held when COVID regulations allowed.

Online versions of our annual cycle of discipleship courses have been held, as well as online children's work.

We have started services and activities to reconnect with church members, both adults and children, following the disruption of the pandemic, and to offer family-friendly ways to connect with St Mary's for the first time. Pastoral care has continued to be a major part of our ministry, with special attention to those who do not use online technology. The electoral roll has increased from 174 to 180.

Our Vision 2020 continues with our five mission priorities of Discipleship, Prayer, Children and Youth, Seniors, and New Residents. Underpinning our life at St Mary's and St Peter's is our shared set of core values based on God's Grace: Going deeper with God, Reflecting Jesus, Alive to what God is doing, Changing Lives, and Empowered by the Spirit.

Two legacies, totalling nearly £70,000, were gratefully received during the year. The PCC's policy for the use of legacies will be reviewd during 2022. The activity of the Princes Risborough Food Cupboard, set up in conjunction with Churches Together in Risborough and the Town Council, has been transferred to One Can Trust based in High Wycombe. One Can has a Princes Risborough hub, supported by St Mary's and others, and currently serves about 10 families in Risborough.

A new one-year interim Children's Ministry Project started in 2021. This funds a part-time paid post of children's worker, supporting children and families at St Mary's and in our community and local schools. It is hoped to progress to a longer-term project in 2022. Children's ministry projects are supported by designated pledges from the congregation.

Financial review

The result for St Mary's PCC in the year has been an overall net surplus of £69,975. Parish Share was 44% of total expenditure as shown in the P&L account for St Mary's PCC. The PCC is projecting a deficit of £28,086 for the year to 31 December 2022, and has underwritten this from free reserves, on the basis that it will encourage mitigating measures, including raising giving and temporarily reducing charitable giving to 15% of income, to seek to break even.

Approved by the PCC and signed on its behalf by

March 2022

2

THE PCC OF ST MARY’S PRINCES RISBOROUGH WITH ST PETER’S ILMER

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES FOR 2021

Incoming Resources
Note
Incoming resources from generated
Total Incoming Resources
Resources Used
Total Resources Used
Net Resources
Incoming/outgoing
Revaluation of investment
assets
4 (b)
Movement in Funds
Balances on 1stJanuary
2021
Year end adjustment
Balances on 31st
December 2021
Fundraising
Administration
3(c)
3(d)
Church Activities
3(b)
Grants
3(a)
2(d)
From donors
Other voluntary income
2(b)
2(a)
Charitable & ancillary
trading
2(c)
From investments		 £
funds:
285,391
216,474
68917
68917
180,626
-
249,543

-
1,285
187,976
10,524
Unrestricted
Funds

256,885
4,425
13,557
27,213		 £
0
-
0
0
592
592
-
-
-
-
Restricted
Funds
-
0
-		 Endowment
Funds
£
1
-
1
47187
47188
325,857
-
-
373,045




1



 Total
2021
£
285,392
216,474
68918
47187
116105
507,075
1

623,179
1,285
-
187,976
10,525
4,425
27,213
13,557
256,885

-











 Total
2020
£
225,963
239,268
13,305
20,355
7,050
500,025
507,075
796
-
201,617
9,941
203,192
4,395
36,855
8,435













3

THE PCC OF ST MARY’S PRINCES RISBOROUGH WITH ST PETER’S ILMER

CONSOLIDATED BALANCE SHEET AS AT 31ST DECEMBER 2021

----- Start of picture text -----
Note 2021 2020
£ £
Fixed and Investment Assets
Tangible fixed assets 4(a) 66,917 65,049
Investment assets 4(b) 373,045 325,857
Sub-total of fixed assets 439,962 390,906
Current Assets
Cash at bank or undeposited 14,068 12,201
Short term deposits 183,422 134,762
Tax recoverable 20,780 21,737
Debtors 0 175
Prepayment 6,719 6,425
Sub-total of current assets 224,989 175,300
Liabilities
Short term Creditors 5 (a) 41,772 59,131
Sub-total of liabilities 41,772 59,131
Net Assets 623,179 507,075
Funds 6
Unrestricted 249,542 180,626
Restricted 592 592
Endowment 373,045 325,857
Total 623,179 507,075
----- End of picture text -----

The notes on the following pages form part of these accounts

4

THE PCC OF ST MARY’S PRINCES RISBOROUGH WITH ST PETER’S ILMER

NOTES TO THE FINANCIAL STATEMENTS FOR YEAR ENDED 31 DECEMBER 2021

Note 1

A Basis of preparation
The financial statements have been prepared in accordance with the Church Accounting Regulations 2006, the Charities Act 2011,
applicable accounting standards and the Statement of Recommended Practice on Accounting and Reporting by Charities SORP
(FRS102).
The accounts are drawn up under the historical cost convention as modified by the inclusion of investment assets at market value.
The accounts include all transactions, assets and liabilities for which the PCC is responsible in law. These accounts do not include the
accounts of Church Groups that owe their main affiliation to another body nor those that are informal gatherings of Church
Members.
The total income has exceeded £100,000 in 2021 and the main PCC accounts have been prepared on the accruals basis, in line with
best practice.
B Accounting policies
Funds
Unrestricted funds are general funds available for the general objectives of the Church.
Designated funds are unrestricted funds that have been set aside by the PCC for particular purposes.
Restricted funds can only be used for the purposes for which they have been given, within the objectives of the Church.The cost of
raising and administering such funds are charged against those specific funds.
Endowment funds are restricted funds which must be held permanently and the capital maintained while the income is restricted, or
which are only accessible after giving notice to third parties and complying with conditions to access the capital.
Incoming resources
All incoming resources are included in the SOFA when the Church becomes legally entitled to the income and when the amount can
be quantified with reasonable certainty.
Collections are recognised when received by or on behalf of the PCC. Planned giving is recognised only when received. Grants and
legacies are recognised as soon as the PCC becomes aware of its legal entitlement and the amount due is quantifiable with
reasonable certainty.
Income tax recoverable on gift aid donations is accounted for when the gift is received, not when the tax refund is received.
When incoming resources have related expenditure (as with fundraising income) the incoming resources and the related resources
expended are accounted for gross in the SOFA.
Gifts in kind are accounted for at a reasonable estimate of their value to the Church or the amount actually realised. Gifts in kind for
use by the Church are included in the SOFA as incoming resources when receivable.
Rental income from letting the Church Hall is accounted for when it falls due.
Dividends and interest are accounted for when received and include any recoverable tax.
Realised gains on assets held for the Church's own use are accounted for at the time of sale.
Resources expended
Expenditure is included on an accruals basis and is recognised when there is a legal or constructive obligation to pay for goods or
services.
All costs have been directly attributed to the various categories within the SOFA.
Any general support costs have been allocated across activity cost categories on a basis consistent with the use of resources based
on an allocation of actual costs.
As the Church is not registered for VAT, all expenditure is shown inclusive of VAT where applicable
Governance costs include the cost of the preparation of the annual accounts, the cost of PCC meetings and the legal cost of advice
on governance or constitutional matters.
Grants and charitable giving are accounted for when paid over or when awarded.
Parish Share is accounted for when paid except that any Parish Share unpaid at the end of the financial year is provided for in the
accounts as a constructive obligation.

Fixed assets

Consecrated and beneficed property is excluded from the accounts by s.96 {2} {a} of the Charities Act 1993. No value is placed on movable Church Furnishings held by the churchwardens on special trust for the PCC and which require a faculty for their disposal since the PCC considers this to be inalienable property.

Items of equipment where the purchase price exceeds £1,000, for a single item or a group of similar items, are capitalised in the year of purchase.

Depreciation is provided on all tangible fixed assets, except for the Church Hall, at rates calculated to write off the cost evenly over the expected useful economic life of the assets at rates between 20% and 33⅓% of cost per annum. No depreciation is provided on the Church Hall as any charge would not be material due to the long expected useful economic life and because its expected residual value is not materially less than its carrying value.

Current Assets

Investments are valued at market value on 31st December 2021.

5

THE PCC OF ST MARY’S PRINCES RISBOROUGH WITH ST PETER’S ILMER

NOTES TO THE FINANCIAL STATEMENTS FOR 2021

Note 2 - INCOMING RESOURCES

£
£
2(a)
From Donors
Planned Giving:
Gift Aided
115,844
Tax Recoverable
30,578
Non Gift Aided
13,486
Collections at services
1,116
Donations
12,359
Legacies
69,286
PR Food Cupboard
14,216
Sub-totals
256,885 -
2(b)
Donations for Restricted
Purposes
Grants
3,955
Fundraising
100
Floodlighting
370
Sub-totals
4,425 -
2(c)
Fees
5,947
Viewpoint
-23
Church Hall Lettings etc
7,633
Chapter House Income
0
Sub-totals
13,557 -
2(d)
Rent, Interest & Dividends
10,524 -
285,391 -
Income from Charitable and Ancillary Trading
Other Voluntary Incoming Resources
TOTAL INCOMING RESOURCES
Unrestricted
Funds
Restricted
Funds
Income from Investments		 Endowment
Funds
£







-

-
-
1
1		 Total
2021
£
115,844
30,578
13,486
1,116
12,359
69,286
14,216
256,885
3,955
100
370
4,425
5,947
-23
7,633
0
13,557
10,525
285,392





Total
2020
£
120,505
33,459
17,231
1,627
4,133
-
26,237
203,192
4,000
120
275
4,395
1,016
1,267
5,885
267
8,435
9,941
225,963


6

THE PCC OF ST MARY’S PRINCES RISBOROUGH WITH ST PETER’S ILMER

NOTES TO THE FINANCIAL STATEMENTS FOR 2021 (continued)

Note 3 - RESOURCES USED

3(a)
3(b)
3(c)
3(d)		 Endowment
Funds
£
£
£
Grants
-

(see list at note 7)
Overseas
18,005

Secular & Home Missions 7,006

Local Charities
-

For allocation in 2021 2,202

Sub-totals
27,213 - -
Ministry:
Parish share
91,980

Clergy expenses
3,722

Other Costs
23,864

Church running expenses
25,619

Church maintenance
6,704

Upkeep of churchyard
1,071

Young Church
5,834

Grants to church
organisations
-

PR Food Cupboard
14,216

Church Hall running costs
6,391

Major Works:
Repairs
8,575

Churchyard

Projects:
Development Project

Sub-totals
187,976 - -
Fundraising
- - -
Administration & Bank
Charges
1,285 - -
TOTAL RESOURCES USED
216,474 - -
An amount of £300 has been paid for the annual independent examination.
Activities directly related to the work of the church
Unrestricted
Funds
Restricted
Funds		 Total
2021
£
-
18,005
7,006
-
2,202
27,213
91,980
3,722
23,864
25,619
6,704
1,071
5,834
-
14,216
6,391
8,575
-
-
187,976
-
1,285
216,474

















Total
2020
£
-
20,101
12,388
-
4,366
36,855
92,808
4,289
23,375
24,162
6,871
1329
2,301
-
26,237
11,251
8,994
-
-
201,617
-
796
239,268

7

THE PCC OF ST MARY’S PRINCES RISBOROUGH WITH ST PETER’S ILMER

NOTES TO THE FINANCIAL STATEMENTS FOR 2021 (continued)

Note 3 - RESOURCES USED

3(e) Paid Employees
Staff costs
Gross wages, salaries and benefits in kind

Employer's National Insurance costs

Pension costs

Total staff costs

Average number of full time equivalent employees in the year
Charitable activites
Total
Defined contribution pension scheme
Costs of the scheme to the charity for the year		 2021
£
26,301

114

1,014

27,429

1.1
1.1
1,014		 2020
£
20,583
-
775
21,358
0.8
0.8
775

Princes Risborough with Ilmer PCC participates in the Pension Builder Scheme section of the Church Workers Pension Fund for lay staff. The Scheme is administered by the Church of England Pensions Board, which holds the assets of the schemes separately from those of the Employer and the other participating employers. The PCC currently has two active members of the scheme. The PCC contributes 5% of pensionable salary as an employer's pension contribution, plus 0.5% for life insurance.

The Pension Builder Scheme of the Church Workers Pension Fund is made up of two sections, Pension Builder Classic and Pension Builder 2014, both of which are classed as defined benefit schemes. Princes Risborough with Ilmer PCC participates in the Pension Builder 2014 section, a cash balance scheme that provides a lump sum that members use to provide benefits at retirement. Pension contributions are recorded in an account for each member. This account may have bonuses added by the Board before retirement. The bonuses depend on investment experience and other factors. There is no requirement for the Board to grant any bonuses. The account, plus any bonuses, is payable from members' Normal Pensionable Age.

There is no sub-division of assets between employers in each section of the Pension Builder Scheme. The scheme is considered to be a multi-employer scheme as described in Section 28 of FRS102. This is because it is not possible to attribute the Pension Builder Scheme's assets and liabilities to specific employers and that contributions are accounted for as if the scheme were a defined contribution scheme. The pension costs charged to the SoFA in the year are contributions payable (2021: £1,014, 2020: £775).

A valuation of the scheme is carried out once every three years. The most recent scheme valuation completed was carried out as at 31 December 2019. The valuation revealed a surplus of £5.5m on the ongoing assumptions used. There is no requirement for deficit payments at the current time. The legal structure of the scheme is such that if another employer fails, Princes Risborough with Ilmer PCC could become responsible for paying a share of that employer’s pension liabilities

3(f) Transactions with members of the PCC and other related parties None of the trustees have been paid any remuneration, or received any other benefits, in their role as trustees.

The following PCC members are also PCC employees: Kathryn Trout (elected trustee) Parish Administrator, and Jenni Kerr (elected trustee) Children's and Families' Worker. Total remuneration including pension contributions in 2021 was £19,733 (2020: £15,765). Services amounting to £240 (2020: £5,500) were purchased from Peter Wynn (elected trustee).

Two of the trustees have been reimbursed for expenses for travel, home office costs and parish hospitality, totalling £2,753 (2020: £2,626).

Donations from the trustees totalled £49,820 during the year (2020: £49,071).

8

THE PCC OF ST MARY’S PRINCES RISBOROUGH WITH ST PETER’S ILMER

NOTES TO THE FINANCIAL STATEMENTS FOR 2021 (continued)

Note

4
(a)
(b)		 Tangible Fixed assets:
Dishwasher
Video System
Projector
Church Hall & Land
Field at Ilmer
Sub-total
Investments:
1. Raper Charity
Sub-total
Fixed assets for use by PCC		 2021
£
892
8,934
5,291
50,000
1,800
66,917
2021
£
791
791		 2020
£
1,337
11,912
50,000
1,800
65,049
2020
£
789
789
General Purpose Trust (permanent)
General Church Fund (expendable)
Clifford Road Trust (expendable)
Churchyard Fund (permanent)
Churchyard Trust (permanent)
Church Estate Charity (permanent)		 Number of
Shares
2,770
691
2,156
540
588
9,151
15,896		 Original Cost
£
8,000
5,465
5,429
1,904
2,947
12,740
36,485		 Value at end Value at end Value at end Value at end
2021
£
64,868
16,182
50,489
12,646
13,770
214,299
372,254		 2020
£
56,637
14,129
44,083
11,063
12,047
187,108
325,067

5 Liabilities

2021 £ 41,772 41,772

6 Analysis of Net Assets by Fund


Fixed assets
Net Current Assets		 Unrestricted
Fund
£
66,917
182,625
249,542		 Restricted
Fund
£
592
592		 Endowment
Fund
£
373,045
373,045		 Total
£
439,962
183,217
623,179

9

THE PCC OF ST MARY’S PRINCES RISBOROUGH WITH ST PETER’S ILMER

NOTES TO THE FINANCIAL STATEMENTS FOR 2021 (continued)

Note 7 - CHARITABLE GIVING

(a)
(b)
less		 St Mary's PCC Resolution
-
15% of Income
Allocated to
Overseas
Christian Aid
CMS-Uganda
Hamlin Fistula
Project Possible (formerly ROPE)
Operation Noah
Tearfund
Home & Secular
London City Mission
The Children's Society
Sub-Total
Other Giving-St Mary's
Lighthouse
Breakfast Club
Longwick leavers' Bibles
Hardship Fund
To be allocated in 2022
Sub-Total
Provision from 2020, allocated in 2021
Total Outward Giving		 £
4,446
4,445
2,668
4,446
2,667
2,667
2,668
2,667
26,674
1,500
300
403
500
2,202
4,905
-4,366
27,213

10

ST MARY'S PCC

Income and Expenditure for the year ended 31st December 2021

INCOME
Gift Aid Giving
Tax Recoverable
Non Gift Aid Giving
Church Collections
Donations
Donations - designated purposes
Legacies
Grants received
Fund Raising
Fees
Bank Interest
CBF Interest
CBF Dividends
Chapter House income
PR Food Cupboard income
Floodlights
TOTAL INCOME
EXPENSES
Viewpoint
PCC Giving by Resolution
Donations to Charity
Parish Share
Rector & Rectory Expenses
Church Office Expenses
General
Wages
Curate Expenses & Training
Assistant clergy
Heat, Light & Water
Insurance
Upkeep of Services
Choir & Music Expenses
Outreach
Discipleship
Churchyard Expenditure
Minor Maintenance
Bank Charges
Administration
Communication
Children's and Youth Ministry
PR Food Cupboard expenses
Major Works
Depreciation
TOTAL EXPENSES
NET INCOME/DEFICIT		 Unrestricted
General
£
115,844
30,578
13,486
662
6,163
-
69,286
3,955
100
5,364
23
419
9,138
-
14,216
370
269,604
23
2,503
90,451
2,254
3,442
17,032
1,468
-
6,477
5,963
2,807
2,972
2,064
1,326
6,239
199
1,086
256
5,834
14,216
7,075
4,747
178,434
91,170
 Unrestricted
Restricted
Designated
£
£
4,586
4,586
-
24,710
1,071
25,781
-
21,195
-
-		 Total
2021
£
115,844
30,578
13,486
662
6,163
4,586
69,286
3,955
100
5,364
23
419
9,138
-
14,216
370
274,190
23
24,710
2,503
90,451
2,254
3,442
17,032
1,468
-
6,477
5,963
2,807
2,972
2,064
1,326
1,071
6,239
199
1,086
256
5,834
14,216
7,075
4,747
204,215
69,975		 -
-		 Total
2020
£
120,505
33,459
17,231
987
2,610
-
-
4,000
120
723
53
611
9,123
267
26,237
275
216,201
1,267

36,836
-
91,267
3,275
2,774
19,681
1,014
-
6,725
6,035
2,111
3,022
920
1,329
5,196
162
634
779
2,301
26,237
8,538
3,424
220,993
4,792
-

11

ST MARY'S PCC Balance Sheet as at 31st December 2021

FIXED ASSETS
Equipment & Depreciation
Church Hall & Land
CBF Investment Funds - Permanent
CBF Investment Funds - Expendable
TOTAL FIXED ASSETS
CURRENT ASSETS
Income Tax due on Gift Aid
Prepayments
Accounts receivable
Current/savings accounts
TOTAL CURRENT ASSETS
CURRENT LIABILITIES
Accounts Payable
TOTAL CURRENT LIABIITIES
NET CURRENT ASSETS
NET ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
EQUITY
Opening Balance Equity
Change in value of Equity
Surplus for the year
TOTAL EQUITY
Current Assets designated as
Sacred Garden Fund
Children's ministry
Legacy funds (designated for mission priorities)
General (unrestricted and non-designated) monies
Totals		 Note
A
B
C
C
D
E
F
G
H
General
£
58,251
58,251		 Designated
£
32,739
69,286
102,025		 £
£
15117
50000
305583
66671
437371
20780
6719
0
175141
202640
41772
41772
160868
598239
481,077
47,187
69,975
598,239
Restricted
Total
£
£
592
592
32,739
69,286
58,251
592
160,868

12

ST MARY'S PCC Notes to the PCC Balance Sheet as at 31st December 2021

----- Start of picture text -----
||||| |---|---|---|---| |Note|FIXED ASSETS| |A|Equipment & Depreciation|Dishwasher: Accumulated depreciation|-1,337| |Dishwasher|2,229| |Total Dishwasher|892| |Video System: Accumulated depreciation|-5,956| |Video System|14,890| |Total Video System|8,934| |Projector: Accumulated depreciation|-1,323| |Projector|6,614| |Total Projector|5,291| |B|Church Hall & Land|Church Hall|50,000| |C|CBF Investment Funds|General Church Fund (Expendable): Revaluation of asset|2,053| |General Church Fund (Exp) - Other|14,129| |Total General Church Fund (Expendable)|16,182| |Church Estate Charity (Permanent): Revaluation of asset|27,191| |Church Estate Charity (Perm) - Other|187,108| |Total Church Estate Charity (Permanent)|214,299| |Churchyard Permanent Fund (Permanent): Revaluation of asset|1,583| |Churchyard Permanent Fund (Perm) - Other|11,063| |Total Churchyard Permanent Fund (Permanent)|12,646| |Churchyard Trust (Permanent): Revaluation of asset|1,723| |Churchyard Trust (Perm) - Other|12,047| |Total Churchyard Trust (Permanent)|13,770| |Clifford Road Trust (Expendable): Revaluation of asset|6,406| |Clifford Road Trust (Exp) - Other|44,083| |Total Clifford Road Trust (Expendable)|50,489| |General Purposes Trust (Permanent): Revaluation of asset|8,231| |General Purposes Trust (Perm) - Other|56,637| |Total General Purposes Trust (Permanent)|64,868| |Total CBF Investment Funds|372,254| |TOTAL FIXED ASSETS|437,371| |CURRENT ASSETS| |D|Other Current Assets|Income Tax due on Gift Aid|20,780| |E|Prepayments|6,719| |Total Other Current Assets|27,499| |F|Accounts Receivable|0| |G|Current/Savings accounts|Natwest Current A/c|2,684| |Giving Bank A/c|120| |CBF General Deposit|166,339| |Chapter House Catering Bank A/c|1,193| |CAF Bank|4,805| |Total Current/Savings|175,141| |TOTAL CURRENT ASSETS|202,640| |CURRENT LIABILITIES| |H|Accounts Payable|Accounts Payable|804| |Unearned income (designated children's ministry donations)|32,739| |Accrual for Gas charges|1,036| |Accrual for Electricity charges|248| |Accrual for Charitable Giving|2,851| |Accrual for Fees|1,144| |Accrual for Clergy Expenses|68| |Accrual for Care for Creation grant|850| |Accrual for Young Church|990| |Accrual for Major Works|1,042| |TOTAL CURRENT LIABIITIES|41,772| |NET CURRENT ASSETS|160,868| |NET ASSETS|598,239|

----- End of picture text -----

13

ST PETER'S ILMER

Income & Expenditure for the year ended 31st December 2021

Unrestricted
Endowment
Funds
Funds
£
£
INCOME
Collections
454

Donations
1,531

Legacies
-

Fees
583

Rent
60

Roof appeal
78

Interest
10 1
TOTAL INCOME
2,716
1
EXPENSES
Parish Share
1,529

Heat & Light
899

Insurance
1,498

Maintenance
465

Charities
-

Organists
-

Major Works
1,500

Chancel liability check
-

Churchyard
-

TOTAL EXPENSES
5,891
-
NET MOVEMENT
-
FIXED ASSETS
:
Tangible:
Investment:
CURRENT ASSETS
:
Field at Ilmer
Raper Charity
Current Account
On Deposit
Net Movement in 2021		 2021
Total
£
454

1,531

-

583

60

78

11

2,717
.
1,529

899

1,498

465

-

-

1,500

-

-

5,891
-3,174
2021
£
1,800
791
1,737
14,618
18,946
-3,174		 2020
Total
£
640
1,524
-
293
60
-
75
2,592
.
1,541
591
1,475
1,675
19
-
456
-
-
5,757
-3,165
2020
£
1,800
790
1,922
17,608
22,120		 2020
Total
£
640
1,524
-
293
60
-
75
2,592
.
1,541
591
1,475
1,675
19
-
456
-
-
5,757
-3,165
2020
£
1,800
790
1,922
17,608
22,120

14

ST MARY'S CHURCH HALL

Income & Expenditure for the year ended 31st December 2021

Refurbishment
CURRENT ASSETS
:
Playgroup
INCOME
Gas
Chiltern Art
Weekday Lettings
Weekend Lettings
Other
TOTAL INCOME
Deposit Interest
EXPENSES
Electricity
Assets b/f at 1 Jan 2021
Balance c/f at 31 Dec 2021
Water
Cleaner
Insurance
Maintenance & Repairs
Sundries
Equipment
TOTAL EXPENSES
NET MOVEMENT
Cash at bank
On Deposit





2021
Total
5,470
415
1,248
500
1
873
8,507
781
973
221
2,744
1,376
270
-
26
-
6,391
2,116
3,878
5,994
2021
3,529
2,465
5,994







-		 2020
Total
4,295
425
790
375
18
-
5,903
769
1,073
276
2,222
1,334
828
4,749
-
-
11,251
5,348
9,226
3,878
2020
914
2,964
3,878













15

INDEPENDENT EXAMINER'S REPORT TO THE PCC OF ST MARY'S PRINCES RISBOROUG I report on the accounts for the year ended 3111 Detxmber 2021, whieh arè set out on pages 3 to 10. R•sp•etlvè rnsponslbllltlas of trustees and examlner The charty's trustees are responsible for the prep8r8tion of the accounts. The charity's trustees consider that an audit Is not required for this year vnder section 144121 of the Charities Act 2011 (the 2011 Acll and that an independent examinab.on is needed. It is my responsibility to.. examine the accounts under section 145 of the Charities Act 2011 follow the procedures laid down in the general Directions given by the Charity Commission under section 145151 of the 2011 A state whether partKular matters have come lo my attention Basis of ind•p•nd•nt •xamlnèr's rnport My èxamination was Carried out in accordance with the general Directions gwen by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presenled with those records. It also include5 consideration of any unusual items or disclosures in the accounts. and seeking explanations from you as trustees conceming any such matters. The procedures undertakgn do not provide all the evidence that would be required in an audit. and consequently no opinion is given as to whether the 8¢counts prasent a -true and fair view. and the report is limited to those m8tters set oul in the next statement. Independent examiner's statement In connection with my examination, no matter ha$ come to my attention.. which gives me reasonable cause to believe that in any material respect the requirémènts.. lo keèp accounb.ng records in accordance with section 130 01 the 2011 Act and to prèpam accounts which accord with the accounting records and to comply with tha accounting requirements of the 2011 Act have not been met or 2. to which, in my opinion, 8ttenb.on should be drawn in order to enable a proper understsnosing of the accounts to be reache(l. Mrw. R. Groves FCA 1 Pond Cottages Studridge Lane Speen PrIn￿S Ristx)rou9h Buokinghamshire 2&h February 2022 16