## **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: - Select suitable accounting policies and then apply them consistently - Make judgements and estimates that are reasonable and prudent * Follow applicable accounting standards and statements of recommended practice, subject to any material departures disclosed and explained in the financial statements * Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will remain in operation. **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_| |---|---|---|---| - **(b)** _**Investments:**_ 1. Raper Charity 2. Shares |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** - **(a)** _**Short Term Creditors**_ 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