## **Hampton in Arden PCC Financial Review 2021**
2021 saw a stabilisation in our operating income after large falls in 2019 and 2020. Our expenditure also fell during 2021, but largely due to a reduced Common Fud ask. The impact of the CoVid-19 pandemic continued to be a contributory factor to the impact on our income, although this was a trend that was developing before the pandemic struck. The final outturn in terms of income and expenditure was largely as expected during the year and resulted in an excess of expenditure over income of £17,740. The key continued impacts of the pandemic were seen in a reduction in our income from weddings, from hall hire and from fundraising.
We continue to be generously supported by numerous members of the congregation through regular planned giving and at slightly increased levels compared to 2020. Sunday pew envelope and plate collections decreased again relative to 2020, due to the inability to open the Church for services plus the switch to standing order giving. We continue to look at ways of reaching out to the wider village community for additional support and to raise awareness of our continued need.
In 2021, the significant shortfall in our day-to-day income against our day to day running costs was offset by very positive financial market performance. The impact of coming out of the worst of the pandemic supported market performance in 2021, and we returned a positive capital increase of £16,981. Given our operating position this meant only a slight decrease in our funds and reserves of £759. The decrease continues to emphasise the need to reverse the fall in our regular income if we are to continue all our charitable activities, welcoming worship and maintenance of the fine Grade 1 Listed Church building entrusted to our care. Our overall income was just over £77,350 (excluding the contribution to the Curate house rental) the same as 2020.
## There was no major project expenditure in 2021.
Fund raising from events and activities continued to see a material decrease against previous years given the impact of the pandemic on our ability to host events plus the absence of the village festival. Church Hall lettings were similarly impacted in 2021. Chronicle income from subscriptions and advertising held up very well despite the pandemic with most advertisers continuing to support the publication.
Our total expenditure in 2021 was lower than in 2020, at £104,500. Our Common Fund contribution to Birmingham Diocese was £36,600, much lower than in 2020.
As noted above, the pandemic severely impacted the number of weddings held in 2021 with a corresponding impact on the funds generated from wedding activities.
We took the decision to maintain our giving in 2021 and made five gifts of £1,000 each to charities selected by the PCC, as follows:
||Acorns|||£1000|
|---|---|---|---|---|
||Birmingham City|Mission|£1000||
||Marie Curie||£1000||
||Cameron Grant|Trust||£1000|
||Trussell Trust||£1000||
Fund-raising by the congregation for other external charities in special collections and donations, and at fundraising events during 2020 included:
The Children’s Society
- Acorns
- Crisis (from Christmas collections)
- Shelter (from Christmas collections)
## **Reserves Policy for Hampton-in-Arden PCC 2022**
The PCC’s policy on maintaining reserves has been informed by the Guide published by the Archbishop’s Council in 2016. The policy excludes Restricted and Designated Funds, so, for example, the Fabric Fund is set aside for what its name implies and income from the Investment Fund is an essential component in balancing the Parish Church’s annual income and expenditure. The PCC aims to keep at least three months’ running costs, i.e. approximately £25,000, in readily accessible unrestricted funds, as a reserve against any unexpected steep fall in regular income.
Duncan Watson, Treasurer March 2022
**Hampton in Arden PCC**
## **Analysis of income and expenditure**
## **Selected period: 01 January 2021 to 31 December 2021**
|||||||**Total**||
|---|---|---|---|---|---|---|---|
||**Unrestricted**|**Designated**|**Restricted**|**Endowment**|**This year**||**Last year**|
|**Income and endowments**||||||||
|**_Donations and legacies_**||||||||
|0101 - Covenanted Income|33,251|—|—|—|33,251||32,244|
|0110 - Regular Giving Envelopes|2,345|—|—|—|2,345||2,395|
|0111 - Pew Envelopes|1,276|—|—|—|1,276||2,260|
|0112 - Icons Gift Aid envelopes|—|—|—|—|—||—|
|0201 - Other planned giving|1,960|—|—|—|1,960||1,905|
|0301 - Plate collections|1,042|—|—|—|1,042||648|
|0302 - Plate collections - weddings|556|—|—|—|556||225|
|0401 - Regular gift days|—|—|—|—|—||—|
|0410 - Wall Safe & Votive Stand|173|—|—|—|173||200|
|0501 - Non Recurring Gift Aid gifts|—|—|—|—|—||—|
|0550 - Donations appeals etc|1,291|—|2,236|—|3,527||3,600|
|0551 - Wedding donations|2,000|—|—|—|2,000||1,395|
|0552 - Chairs appeal 2015|—|—|—|—|—||—|
|0553 - Donations for lighting project|—|—|—|—|—||—|
|0554 - Donations for Roses|—|—|—|—|—||—|
|0601 - Tax recoverable on Gift Aid|9,946|—|—|—|9,946||9,925|
|0701 - Legacies|—|5,000|—|—|5,000||1,500|
|0901 - Sundry Income|103|—|—|—|103||1,546|
|1321 - Sum-up contactless plate|218|—|—|—|218||—|
|collections||||||||
|**_Donations and legacies Totals_**|54,165|5,000|2,236|—|61,401||57,846|
|**_Income from charitable activities_**||||||||
|1101 - Wedding fees PCC statutory|2,602|—|—|—|2,602||1,989|
|1102 - Fees for Diocese|—|—|—|—|—||—|
|1104 - Memorial fees|—|621|—|—|621||307|
|1105 - Funeral fees PCC statutory|—|2,720|—|—|2,720||4,464|
|1230 - Church Hall lettings - objectives|—|—|—|—|—||—|
|1260 - Magazine sales|—|1,585|—|—|1,585||1,485|
|**_Income from charitable activities_**|2,602|4,926|—|—|7,528||8,245|
|**_Totals_**||||||||
|**_Other trading activities_**||||||||
|1240 - Church Hall lettings - fund raising|—|1,248|—|—|1,248||2,092|
|1250 - Magazine income - advertising|—|1,842|—|—|1,842||1,958|
|1301 - Rummage sales etc|—|—|—|—|—||—|
|1302 - Fund Raising events and|1,301|—|—|—|1,301||2,066|
|activities||||||||
|1303 - Rugby Dinner Sep 2015|—|—|—|—|—||—|
|**_Other trading activities Totals_**|1,301|3,091|—|—|4,392||6,118|
|**_Investments_**||||||||
|1001 - Dividends|4,023|—|—|—|4,023||4,175|
|1020 - Bank and building society|4|—|—|—|4||146|
|interest||||||||
|**_Investments Totals_**|4,028|—|—|—|4,028||4,322|
_**There may be minor discrepancies in the totals if the pence are not being shown**_
13 March 2022 Page 1
**Total This year Last year**
||**Unrestricted**|**Designated**|**Restricted**|**Endowment**|**This year**|**Last year**|
|---|---|---|---|---|---|---|
|**_Other income_**|||||||
|1021 - Donation for Youth Worker|—|—|—|—|—|—|
|1310 - Sundry other income|—|—|—|—|—|—|
|1320 - Curate house rental contribution|9,390|—|—|—|9,390|835|
|**_Other income Totals_**|9,390|—|—|—|9,390|835|
|**Income and endowments**|71,487|13,018|2,236|—|86,741|77,367|
|**Grand totals**|||||||
||||||||
|**Expenditure**|||||||
|**_Raising funds_**|||||||
|1720 - Costs of stewardship campaign|1,098|—|—|—|1,098|241|
|2502 - Costs of Fundraising|—|—|—|—|—|—|
|**_Raising funds Totals_**|1,098|—|—|—|1,098|241|
|**_Expenditure on charitable activities_**|||||||
|1801 - External Giving|5,000|—|—|—|5,000|5,031|
|1901 - Office Expenses (treasurer)|85|—|—|—|85|—|
|1902 - Bank charges|93|—|—|—|93|78|
|1910 - Ministry parish share|36,557|—|—|—|36,557|53,795|
|2001 - Youth Work|—|—|—|—|—|—|
|2002 - Sunday School: JAM|—|—|—|—|—|—|
|2005 - Depr'n Fixed assets - Sunday|—|—|—|—|—|—|
|Sch + Tots|||||||
|2050 - Administration Sundries|(316)|—|—|—|(316)|262|
|2101 - Working expenses of incumbent|1,680|—|—|—|1,680|1,809|
|2103 - Working expenses of Assistant|124|—|—|—|124|1,356|
|Priest|||||||
|2110 - Visiting speakers / locums|—|—|—|—|—|280|
|2130 - Vicarage house expenses|112|—|—|—|112|112|
|2145 - Vicarage - water|452|—|—|—|452|441|
|2150 - Vicar's telephone|120|—|—|—|120|288|
|2160 - Parish training and mission|217|—|—|—|217|—|
|2170 - Education|—|—|—|—|—|—|
|2301 - Church running - insurance|4,466|—|—|—|4,466|4,717|
|2310 - Church office telephone+|553|—|—|—|553|847|
|broadband|||||||
|2320 - Organ / piano tuning|410|—|—|—|410|475|
|2330 - Church maintenance|5,337|—|—|—|5,337|13,644|
|2331 - Cleaning - Church & vestry|65|—|—|—|65|120|
|2332 - Church Maint - lighting project|—|—|—|—|—|—|
|2016|||||||
|2333 - Icons Project expenses|—|—|—|—|—|—|
|2335 - Depreciation of fixed assets -|1,270|—|—|—|1,270|1,609|
|Church|||||||
|2340 - Upkeep of services|2,058|—|—|—|2,058|813|
|2350 - Upkeep of churchyard|—|2,562|—|—|2,562|3,268|
|2355 - Depreciation of fixed assets:|—|76|—|—|76|76|
|Churchyard|||||||
|2360 - Administration|837|—|—|—|837|145|
|2361 - Photocopier|1,620|—|—|—|1,620|1,044|
|2365 - Salaries|10,156|—|—|—|10,156|9,881|
|2391 - Organist, Choir, Music Group|3,032|—|—|—|3,032|1,985|
|2401 - Church running - electric|1,599|—|—|—|1,599|1,504|
|2410 - Church running - gas|1,316|—|—|—|1,316|1,590|
|2420 - Church running - water|—|—|—|—|—|—|
|2501 - Magazine expenses|—|3,630|—|—|3,630|3,944|
_**There may be minor discrepancies in the totals if the pence are not being shown**_
13 March 2022 Page 2
|2530 - Hall running - electricity
2540 - Hall running - gas
2550 - Hall running - insurance
2560 - Hall running - maintenance
2565 - Depreciation of fixed assets -
Hall
2570 - Hall running - cleaning
2580 - Hall running - water
2601 - Governance incl
examination/audit fee
2603 - Water rates - curate's house
**_Expenditure on charitable_**
**_activities Totals_**
**_Other expenditure_**
2102 - Admin costs of Weddings and
Funerals
2602 - Curate housing rental
**_Other expenditure Totals_**
**Expenditure Grand totals**|**Unrestricted**
**Designated**
**Restricted**
**Endowment**
**Total**
**This year**
**Last year**|
|---|---|
||—
184
—
—
184
169
—
146
—
—
146
176
—
1,494
—
—
1,494
1,605
—
—
—
—
—
558
—
511
1,143
—
1,655
1,655
143
624
—
—
767
432
—
—
—
—
—
—
1,512
—
—
—
1,512
1,476
701
—
—
—
701
—|
||89,582
79,208
9,231
1,143
—
115,198
—
—
—
—
—
—
13,800
—
—
—
13,800
1,415|
||13,800
13,800
—
—
—
1,415|
||94,106
9,231
1,143
—
116,854
104,481|
_**There may be minor discrepancies in the totals if the pence are not being shown**_
13 March 2022 Page 3
## **Draft Financial Statements at 08 March 2022 at 16:04:01 HAMPTON IN ARDEN PARISH CHURCH COUNCIL**
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE MEMBERS OF HAMPTON IN ARDEN PARISH CHURCH COUNCIL**
I report to the members on my examination of the financial statements of Hampton in Arden Parish Church Council (the church) for the year ended 31 December 2021.
## **Responsibilities and basis of report**
As the members of the church you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the church’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by 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 now been withdrawn.
I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
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 church as required by section 130 of the 2011 Act; or
- 2 the financial statements do not accord with those records; or
- 3 the financial statements 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 financial statements to be reached.
## **M T Manley & Co Limited**
696 Yardley Wood Road Billesley Birmingham B13 0HY
Dated: 8 March 2022
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