St Stephen's Shottermill
Annual Financial Statements
of the
Parochial Church Council
for the year ended
31st December 2021
(Registered charity number 11340161
Vicar: Reverend Jenn Riddlestone
Banker5
CAF Bank
25 Kings Hlll Avenue
Kings Hill
West Malling
Kent ME19 4JQ
Independent Examlner
Mrs AC Kensett FMAAT FCCA
Sheen Stickland
35 Lavant Street
Petersfield
Hampshire GU32 3EL

ST STEPHEN'S SHOTTERMILL
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31st DECEMBER 2021
INDEX
Page
Annual Report
Ito7
Independent Exam5ner's Report
Statement of Financial Activities
Balance Sheet
10
Notes to Financial Statements
Ilto20

ST STEPHEN'S SHOThERMILL
ANNUAL REPORT
FOR THE YEAR ENDED 31st DECEMBER 2021
The Members of the Parochial Church Council IPCCI present their report toBether with the financial
statements for the year ending 31st December 2021. The mernber5 of the PCC have adopted the
provisions of the Statement of Recommended Practise ISORPI Accounting and Reporting by Charities"
IFRS 1021 in preparing the annual report and financial statements of the charity.
Aim and Purposes
St Stephen's Parochial Church Council IPCCI has the responsibility of cooperating With the incumbent
in promoting in the ecclesiastical parish, the whole mission of the Church, pastoral, evangelistic. social
and ecumenical. The PCC is also specifically responsible for the maintenance of the Church and
associated buildings of St Stephen's Church, Shottermill, Haslemere.
Objertives and Activities
The PCC is committed to enabling as many people os possible to worship at our church and to become
part of our parish community at St Stephen's. The PCC maintains an overview of worship throughout
the parish and makes suggestions on how our services tan involve the many groups that live within
our parish. Our seryices and worship put faith into practice through prayer and scripture, music and
sacrament.
When planning our activities for the year, we have considered the Charity Commission's guidance on
public benefit and, in particular, the supplementary guidance on charities for the advancement of
religion. In particular, we try to enable ordinary people to live out their faith as part of our parish
community through..
Worship and prayer,. learning about the gospel,. and developin8 knowledge and trust in Jesus.
Provision of pastor31 care for people living in the parish.
Provision of Children's and Young People's work in this parish and with other local churches.
Provision of a Nursery Pre-school
Missionary and outreach work.
Achievements and Performance
Worship and prayer
The PCC is dedicated to offering a range of services during the week and over the course of the year.
These range from Morning Prayer. evening reflections, services for children and regular Sunday
worship services.
Of course, the impact of the COVID 19 crisis has affected the way that services have been delivered.
Where possible within the guideline5, we have opened the church buildings.
All are welcome to attend our regular services. At present there are 117 parishioners on the Church
Elertoral Roll, 67 of who are not resident within the parish. The average weekly attendance, counted
during October, was 60 adults and 6 children, although this was partially estimated from online
viewing figures so these numbers are offered wfch caution. In particular. there are separate events for
children not included in the "Ortober Count" Our'worshippin8 community, is much lar8er and
Pa8e l of 20

ST STEPHEN'S SHOThERMILL
ANNUAL REPORT
FOR THE YEAR ENDED 31st DECEMBER 2021
incorporates such activities as Kids Praise (monthly service for our Rainbow Nursery children and
parents), Noah's Ark (parents and toddlersl and various Messy Church events.
As well as our regular service5. we enable our community to celebrate and thank God at the
milestones of the journey through life. Through baptism we thank God for the gift of life, In marriage
public vows are exchanged with God's blessing and through funeral services friends and family express
their grief and give thanks for the life which is now complete in thi5 world and to commend the person
into God's keeping.
Vlcar, Curatè and Ordlnands
Rev Jenn Riddlestone continued her ministry as our Vicar until September 2021 when both she and
Rev Helen Mitchell had to take leave of absence due to bein8 unwell.
Meanwhile Louisa Mason, who completed her Licenced tay Ministry in October 2020, and Sarah
Weldon who started Licenced Lay Ministry training In September 2020, have both provided Invaluable
support.
Deanery Synod
Two member5 ofthe PCC sat on the Godalming Deanery Synod up to the recent APCM. This Deanery
Synod provide5 the PCC with an important link between the parish and the wider structures of the
church.
The Church and Assoclated Bulldlngs
General on8oin8 malntenance is budgeted to come from 8eneral church funds and we have to repalr
and maintain all our properties.. The Church, The Church Rooms of St Stephen's ICRQSSI, Glover's
House Flats 2 and 3 and the 'Curate's house, in Sunvale Avenue. The total cost during 2021 was
£9,56812020 £13,2821. Significant items durin8 the year were:
Glover5 Flat 3- £1,820 on electrical safety and cleaning. Church- £1,290 on repairin8 external
lightning conductor.
Redeveloprnent- the congregation is aware of and h35 been consulted on potential redevelopment of
the CROSS and the Church. The Sntention is to take a phased approach to redevelopment, beglnning
with installation of an accessible toilet and new office space which will allow us to expand our use of
the church building in the week. Providing these basic facilities in the same building as the events will
mean we are able to host many more activities, such as coffee mornings. social and discipleship
Eroups and community events. Due to Covid-19 restrictions on access to our buildinES this project was
put on hold during 2020 and 2021.
Pastoral care
St Stephen's continues to provide pastoral care to the Community through trained pastoral assistant5,
clergy visits and schools work. A team of volunteers also administers communion in local care homes.
The church has a pastoral team headed by a trained counsellor that meets monthly and includes three
Diocesan trained Pastoral A55iStants.
Pa8e 2 of 20

ST STEPHEN'S SHOThERMILL
ANNUAL REPORT
FOR THE YEAR ENDED 31st DECEMBER 2021
M5sslon and Evangellsm
St Stephen's continues to put high importance on mission and evangelism both locally and
internationally. A number of social events were also run usin8 both the Church and online which were
aimed at different age groups. The purpose of these events is to build relationships with those on our
'fringe'. We continue to run various online courses to connect with those in the community who are
Snterested in finding out more about faith, including Alpha. the Prayer Course and the Bible Course.
The church continued to give financially to external partners most of which were registered charities.
Further details can be seen in the Financial Revlew Mission Partnership Team section.
Ecumenlcal Relatlonshlps
St Stephen's works closely with other local churches through community service events such as the
Recharge. youth work and a ministers, network.
FINANCIAL REVIEW
Examination of Accounts
Under the Charities Acts. St Stephen's Shottermill PCC is a registered charity (number 11340161 and
with an income of over £250,OC(J is required to have its Account5 examined by an independent
professionally qualified accountant.
The 2021 Annual Financial Statements of the Parochial Church Council I'the Accounts'l were prepared
by the Treasurer and the independent examination was carried out by Sheen Stickland, Chartered
Accountants, 77 Station Road. Petersfield. Hampshlre GU32 3FQ.
Assets
The church and surrounding land including the graveyard are not Shown as an asset in the Accounts as
they are registered in the name of the Diocese and not the PCC.
Leases of Gloverfs House Flats 2 & 3 were acquired by St Stephen's many years a80. Both Flats 2 & 3
are now let on a commercial basis, with the Children and Youth Minister leaving Flat 3 for his own
property in July 2021. The flats were professionally revalued in October 2019 and the current market
value of £380,000 35 shown on the Balance Sheet is accepted as realistic by the PCC.
The parish also owns the freehold of a residentlal house at 33 Sunvale Avenue (known as 'the curate's
house'l. Thi5 was also valued in Ortober 2019 at around E450.000 and the PCC accepts thi5 IS the
current realistic market value.
The PCC arranges and pays for Employers Liability and contents insurance on both the Church and the
CROSS, and pays buildings insurance on 33 Sunvale Avenue directly. and for Glovers House flats via Its
manaBement company.
The Log Cabin and Storage Sheds were treated a5 additions during 2018 at their cost of £29,786 and
depreciated over their expected life of at least ten years. During 2021 the old AV System was replaced
at a cost of £5,250; this enables online streaming of selected services to reach a wider audience.
Pa8e 3 of 20

ST STEPHEN'S SHOThERMILL
ANNUAL REPORT
FOR THE YEAR ENDED 31st DECEMBER 2021
Income
Voluntary Income
Voluntary income from donations was £120,97012020 £127,735) which included Special Projects
designated giving of £1,81112020 £3,704). Income shows a reduction of 5.3%12020 10.7%) year on
year. Income of course is not guaranteed and can fluctuate for many reason5 not least of which are
people moving away, unemployment, illness, retirement, and new people movin8 into the area.
Quarterly updates are provided to the con8re8ations showin8 total actual income a8ainst budget
figures. Finances are discussed regularly at Standing Committee and PCC who review how best to
manage our Stewardship attivitie5 to further enhance giving from the congregation.
Gift Aid
The Treasurer and Churchwardens continue to ask all givers who are taxpayers to sign a Gift Aid
Declaration. Gift Aid allows us to reclaim the income tax already paid to HMRC and is worth 25% of
gift aided donations received by the church.
During 2021 Gift Aid amounted to £26,82312020 £29,603) which included £7912020 £1,493) from
HMRC'S Gift Aid Small Donations Scheme IGASDSI.
Some regular and one-off donations are made via employment IGAYEI or from CAF or private trusts-
all of which are received '8ross' so gift aid and tax reclaims are not involved.
Other income
Other income includes rent from the commercially let Gloverfs House Flat 2 £8,70012020 £8,700). Flat
3 £6,00812020 £9.0001. 33 Sunvale Avenuè £18,CQO12020 £18.0001 and CROSS hall hire £10.00312020
£11,1151- CROSS hall hire wa5 entirely from Rainbow Nursery, there were no other letting5.
Expenditure
Charitable Artivities
Charitable Activitie5 totalling £188,25812020 £193.2531 are broken down Into Ministry Expen￿5 and
Property Expenses to give a better understanding of the great variety and nature of expenditure by St
Stephen's.
Parlsh Share
Parish Share was £83,00112020 £83,0011. As a reminder, Parish Share is our parish's annual
ontribution to Guildford Oiocese. A5 well as covering the vicar's salary and pension contributions
15tipendl and vicarage laccommodationl, plus any curate's stipend (but not 3ccommodationl, the
parish share contributes towards the running of the Diocese and indirectly helps those parishes less
fortunate and numerically strong a5 ourselves. Guildford Diocese is particularly strong in offering
sub5idised training for ordinands, local ordained ministry, licensed lay ministry, pastoral asslstants,
worship leaders, occasional preaching, communion assistants- to name but a few and most of which
we take advantage of.
Pa8e 4 of 20

ST STEPHEN'S SHOThERMILL
ANNUAL REPORT
FOR THE YEAR ENDED 31st DECEMBER 2021
Empendlture Detall
Expenditure on charitable activities as a whole was £188,25812020 £193,2531. Main one-off items of
maintenance on property assets are shown in this report above under 'The Church and Associaled
Buildings,.
Mlsslon Partnershlp Team
The PCC delegates its outward giving to a sub-committee whose members are drawn from both inside
and outside the PCC. The vicar is a permanent member. The chvrch aims to give a minimum of IO% of
its voluntary unrestricted income (excluding designated income). including Gift Aid. allocated by the
committee to a range of Christian and secular charities and for projects based locally, nationally and
overseas. During 2021 £15,CQS12020 £17.0001 was given in the form of gifts and donations.
Other Outward GlvSng
The church makes donations out of its income for special causes from time to time. for example at
Harvest (Tearfundl and Christmas Istonepillow, Crisi5 and Children's Society). In addition, occasionally
collectlons are taken as leaving presents for members moving away or as fundraising for a particular
cause or charity. In all these cases monies are treated as 'special collections income and payments, in
the Accounts.
It is worth remembering that we a150 expend money on a number of causes and projects which are
outwardly directed but which are not directly classifled as outward giving by St Stephens. Examples of
this would be significant parts of the children and youth ministries.
The CROSS (Church Hall)
As shown in note 14.2 to the Accounts. if measured on a standalone basis the CROSS shows a surplus
of £1,47612020 £3,5071- Rent from Rainbow amounted to £IO,CK)312020 £11,1151 and from
elsewhere £nil12020 £nill. Rainbow "rent" is designed to broadly reflect the cosis aS￿CIated with
that building and the proportion of time utili5ed by the Nursery School: also. with the school
occupying the CROSS every weekday this make5 It unavailable for other outside hire. The Nursery
School is of course an important part of the Church's activities and outreach to the community.
Ralnbow Nursery Pre-school
Under its manager Kirn Windebank, Rainbow operates on a financially self-5UStaining basi5 Wlth
oversight from a steering committee appointed by the PCC comprising the vicar and churchwardens,
with others co-opted as the need arises. This meets at least once per term. Income and expenditure is
consolidated with the church and totals show in notes 3.4 and 4.3 to the Accounts under 'other
income, and 'other expenses., and in note 14. 1 to the Accounts. Rainbow operates a separate bank
account for ease of day-to-day administration. It paid the church £10,003 for rent of the CROSS five
days a week- rent includes cleanin& electricity, gas, water, some cleaning and WC supplies, use of
photocopier and some admin help. A deficit was recorded of £9.86212020 deficit £4011 but this was
after the SCC Early Years Recovery Fund grant of £7,500. The church further helps by letting Rainbow
claim all the £4,000 HMRC annual employment allowance loffsets employer's NICI. It is becoming
increasingly difficult to commercially run a pre-school nursery from 9.30am to 3.30pm when over 90%
of children's hours are government funded at a rate lower than cost. However, this pre-school nursery
has an excellent reputation and provides a much loved seThice to the parish and community which will
be continued hopefully way into the future.
Pa8e S of 20

ST STEPHEN'S SHOThERMILL
ANNUAL REPORT
FOR THE YEAR ENDED 31st DECEMBER 2021
Funds
Note 13 to the Accounts contains full details of 311 the church funds. No restricted income was
received during 2021. The restricted Organ Fund has £1.734 remaining. The designated Special
Prolects fund has £32.553 in hand which includes a 2018 legacy of E20,tKJO.
Reserves Policy
The PCC acknowledges the church is dependent on the Lord and the support of its members and
congregations and considers it unnecessary to maintain substantial free reserves. However, it is
prudent to maintain the balance on General Fund at a level sufficient to cover day-to-day runnin8
expenses of at least three months and this is PCC policy. At the Balance Sheet date free reserves were
£134.66512020 £132,396),
ADMINISTRATIVE INFORMATION
Structure, Governance and Management
The PCC 15 a corporate body established by the Church of England. The PCC operates under the
Parochial Church Council Powers Measure. The PCC is a Registered Charity. number 1134016.
The method of appointment of PCC members is set out in the Church Representation Rules. At St
Stephen'5 membership of the PCC consists of the incumbent lour vicarl, churchwarden5, curate, the
reader and members elected by ihose of the congregation who ère on the electoral roll of the church.
All those who attend our services are entouraged to register on the Electoral Roll and stand for
elertion to the PCC.
The PCC members are responsible for making decisions on all matter5 of general concern and
importance to the parish including deciding on how the funds of the PCC are to be spent. New
members receive initial training into the workinBs of the PCC. The full PCC met 6 times during the year.
the PCC appoints a treasurer annually and authorises members of the Standing Committee to deal
with Church affairs in between meetings.
Location
5t Stephen's Church is situated in Shottermill. Haslemere. It Is part of the Diocese of Guildford within
the Church of England. The correspondence address is= The Church Office, St Stephen's Church,
Church Road, Haslemere GU27 INS. Registered charity number 1134016.
Pa8e 6 of 20

ST STEPHEN'S SHO￿ERmILL
ANNUAL REPORT
FOR THE YEAR ENDED 31st DECEMBER 2021
PCC MEMBERSHIP
PCC members who have served at any time from 1st JBnuary 2021 unlil the date this report was
approved are:
Roll.
Nanie
Position
Stand Down
Wicar
Rev Jenn
Riddlestone'#
Rev Helen Mitchell
Louisa M<]5on
Peter Soar'#
Maura Howard*a
Louisa Mason
Noel Fairbaim
julie fox
Li23 Caie
Donna Rigb
Curate/OLM
Lay Reader/LLM
Churchwardenl Lay Vice Chair
Churchwarden {from 07.11.21}
Deanerysynod Rep
Treasuror
VCC Secretary
Member
MembLir
Ex-officio
Ex ufficio
Ex-offlcio
Ex-officio
Elected IDS
CcFopted
Annu311y
Annually
2024
Annually
Elected
pcc
Ilettéd (PCCI
2021
2021
riii
Member
Jenny Hanson
Jim H()np.ywood
Simon Ourthell
Brian Baker"
Hildry Bicknell
Penelope Cave
Simon mcFuin￿)nP.y1
Val Porteous
Bill Kennedy
Andrew Riddlestone
Jill Soar
Elected {PCC)
Elected IPCC)
Elerted IPCCI
Elected IPCCI
Elècted IPCCI ' 2023
EIEcted IPCCI
Elected {PCC
Ilected IPCCI
Elected IPCCI
EIL'LtL,d IPCCI
Elected
pcc)
2021
2022
2022
Meinbe
Me.mbeT
Member
Member
Member
Member
Momber
Member
Member
2024
2024
2024
2024
2024
°Mernbers of the 5tandlng Committee of the PCC at 31 December 2021
tt All members of the PCC are trustees of the charity; the vicar and chiirr.hwArde.ns as managing
tn15tees are registered with the Charity Commission.
Approved by the PCC on 14 ￿-
of thc PCC
and SiP.Ded on thÈir b@h35f by lay vice-chairman
Peter Soar- Churclmarden
Page 7 of 20

INDEPENDENT EXAMINER'S REPORT
TO THE MEMBERS OF THE PCC OF ST STEPHEN'S SHOTTERMILL
I report to the members of the PCC on my examination of the accounts of the PCC for the year
ended 31st December 2021 which consists of the Statement of Financial Activities, the Balance Sheet
and notes to the accounts pages 9 to 20.
Respective responsibilities of the PCC and the Examiner
As members of the PCC you are responsible for the preparation of the account5 in accordance with
the requirement5 of the Church Accounting Regulations 20061.the Regulation5"1 and the Charities
Act 20111.the Act'l.
I report in respect of my examination of the charity's accounts carried out under section 145 of the
Act and in carrying out my examination I have followed all the applicable Directions given by the
Charity Commission under settion 14515llbl of the Act and to be found in the Regulations.
The members of the PCC consider that an audit 15 not required for this year under section 144121 of
the Act and that an independent examination is needed. Since the charity's gross income exceeded
£250.000 your examiner must be a member of a body listed in section 145 of the Act. I confirm that I
am qualified to undertake the examination because l am a member of the Institute of Chartered
Certified Accountants in England and Wales which is one of the listed bodies.
Independent Examiner's Statement
In have completed my examination. I confirm that no material matters have come to my attention in
connection vlith the examination giving me reasonable cause to believe that, in any material respect:
111 accountin8 records were not kept in respect of the PCC as required by section 130 of the Act. or
121 the accounts do not accord with those records,. or
131 the accounts do not comply with the applicable requirements concerning the form and content
of accounts set out in the Charities (Accounts and Reports) Re8ulations 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.
Mrs AC Kensett FMAAT FCCA
Chartered Certified Accountant
Sheen Stickland
The Engine House
77 Station Road
Petersfield
GU32 3FQ
Date.. 1710212022
Page 8 of 20

ST STEPHEN'S SHOTTERMILL PCC
STATEMENT OF FINANCIAL A￿1VITIEs
FOR THE YEAR ENDED 31st DECEMBER 2021
Not•s Unrntsirlctad Rètsirkiad
Funth
Funds
Endcr•mi•nt Total thli >**r Toial last y•ar
Fund
2021
2020
INCOME AND ENDOWMENTS
C*)nallon8 aThJ *gati88
147.793
147,793
157,338
Ch￿l*b*
32
11,821
15,6
OW tradmg actNities
In¥esimeni
32.723
32,723
35,794
S•￿￿t• m*t•rfal It•m ol Ineom•.'
84.040
Total
276.377
276.377
299.791
EXPENDITURE ON
l￿d&
acti￿￿88
188.258
188,258
193,253
8•parnt• mathrfal It•m •l•xp•M•
Ottw expense
93.902
93.￿2
87.318
Totsl
282.160
282.160
280.571
NET INCOME
-5.7B3
-5.783
19.220
Gains11(*sesl w InveslmwtB
Extraudinary ithms
Transfers bebween furKI¥
NET MOVEMENT IN FUNDS
,783
-5,783
19,23)
Rg¢on¢lllo¢lon tsf fvnds:
Total lund& trmjghl lorward
1.ts)9.
1.734
1.011.242
TOTAL FUNDS CARRIED
FORWARD
1,003,725
1,734
1.OOS,459
1.011,242
Page 9 of 20

ST STEPHEN'S SHOTfERMILL PCC
BALANCE SHEET AT 3tst DECEMBER 2021
Fw
FIXED ￿SETs
Tatybla assets
&51.3n
8512T
89)MO
851
851.372
85D.850
CURRENT ASSETS
D•bbJrs & w•pxym•n
10
TJS
22.735
140,514
142298
152.487
Totsl Curr•nl Asset•
103399
165,033
1e4.130
CURRENT LIABILITIES
Credrtory & 8CCTuth". *wJnts
rrfJ ¢*Je *itth
11
10,918
3.n8
N•t Curr•nt A8Mts
151353
154,087
160.392
Total As••ts
l••¥ Currfjrt U•blllll••
1m3.725
1.1)05N59
1,011.242
NET ASSErs
I.OD3.r*s
1,005
1.011242
FUNDS OF THE CHARtrY
13
134,fj85
134.686
132,398
B77,112
1.734
De*gn81gd lur*
1,734
TOT*1 FLTrXIS
1.M3.n5
1.1)05.459
1.011,242
//{
*Wof2Q

ST STEPHEN'S SHOThERMILL PCC
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31st DECEMBER 2021
Note I Summary of significant accounting policies
a) General information and basi5 of preparation.
The PCC is a re8iStered charity in England. The nature of the charity's operation5 and principal
activities are shown in the annual report.
The charity constitutes a public benefit entity a5 defined by FRS 102. The financial stalements 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 Republi¢ of Ireland issued in October 2019,
the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021
the Charities Act 2011, and UK Generally Accepted Practice.
The charity has taken advantage in the provbsions in the Charitbes SORP for smaller charlties. not to
prepare a statement of cash flows.
The financial statements are prepared on a going concern basis under the historical cost convention,
modified to include certain items at fair value. The financial 5taternents are presented in Sterling
which is the functional currency of the charity and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set
out below. These policies have been consistently applied to all years presented unle55 Otherwise
Stated.
b} Funds
Unrestricted funds are available for use at the discretlon of the trustees in furtherance of the
general objectives of the charity and which have not been designated for other purposes.
Designated fund5 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 bv
donors or which have been raised by the charity for particular purpose5. The cost 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.
Note 2 Accounting policies
Thi5 Standard list of accounting policies has been applied by the charity- Where a different or
additional policy has been adopted then this is detailed in the notes below.
INCOMING RESOURCES
Recognition of incoming resource5. These are included in the Statement of Financial Activities
ISOFAI when:
Page 11 of 20

ST STEPHEN'S SHOThERMILL PCC
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31st DECEMBER 2021
the charity becomes entitled to the resources:
the trustees are virtually certain they will receive the resources: and
the monetary value can be measured with sufficient reliability.
Incoming resource5 With related expenditure. Where incoming resources have related expenditure
las with fundraising or contract income) the incoming resources and related expenditure are
reported gros5 in the SOFA.
Grants and donations. Grants and donatlons are only included In the SOFA when the charity has
unconditional entitlemerbt to the resources.
Tax reclalms on donatSons and Elfts. In¢oming resources from tax reclaims are included in the SOFA
at the same time as the gift to which they relate.
Grfts in kind. Gift5 in kind for Sale or distribution are included in the accounts a5 gifts only when
sold or distributed by the charity. Gifts of assets are included at market value.
Donated servltes and facllltles. These are only included in incomin8 resourtes Iwith an equivalent
amount in resources expended) where the benefit to the charity is reasonably quantifiable,
measurable and material. The value placed on these resources is the estimated value to the charity
of the service or facility received.
Volunteer help. The value of any voluntary help received is not included in the accoL4nts but is
described in the trustee5' annual report.
Investment Income. This is included in the accounts when receivable.
Investment gains and losses. This includes any gain or105s on the sale of investments and any gain
or loss resultin8 from revaluing investments to market value at the end of the year.
EXPENDITURE AND LIABIUTIES
Liability recognition. Liabilities are recognised as soon as there is a legal or constructive obligation
committing the charity to pay out resources.
Governance costs. Include costs of the preparation and examination of statutory accounts, the
Costs of trustee meetin85 and cost of any le8al advice to trustee5 on governance or constitutional
matters.
Tangible fixed assets for use by charfty. These are capitalised if they can be used for more than one
year, and cost at least £l.OCNJ. They are valued at C05t or a reasonable value on receipt.
Imiestments. Investment assets are included at trustee5' best estirnate of market value.
Depreclatlon. Leasehold and freehold properties are not depreciated. Office equipment is fully
depreciated over three years. Fixtures and fittings are fully depreciated over ten years or the life of
the asset if less.
Page 12 of 20

ST STEPHEN'S SHOThERMILL PCC
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31st DECEMBER 2021
Note 3 Income: all funds consolidated
2021
2020
3.1 Donatlons and legacles
Donations - CAF, GAYE & trusts
Donation5- gift aid monthly
Donations - no gift aid monthly
Donations - glft ald weekly
Donations . no gift aid weekly
Cash collections
One off gifts - gift aid
One off gifts- no gift aid
Legacies
Tax recoverable 2020
5,425
98,293
5,016
130
6.075
109,326
4,389
1.146
36
1,465
2,756
2,542
398
8,860
26,823
147,793
29,603
157,338
3.2 Charltable Artlvltles
Cross hall hire
Training courses
Service fee5
Special Projetts activities
10,003
11.115
3,215
939
421
1,432
386
11,821
15,690
3.3 Investment Income
Bank interest
Glovers House Flat 2 income
Glovers House Flat 3 income
33 Sunv31e Avenue
15
8,7C
6,008
I8,c￿
94
8.700
9.000
18,000
32.723
35,794
3.4 Other Income
Ralnbow fee intome
Rainbow SCC Early Years Recovery Grant
Rainbow Coronavirus JRS grants
Rainbow other income
Church Coronavirus JRS grants
72,057
7,500
2,837
1,646
76,616
10.027
274
4,052
84,040
90,969
276.377
£ 299,791
Pa8e 13 of 20

STSTEPHEN'S SHOTTERMILL PCC
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31st DECEMBER 2021
Note 4. Expendlture; all funds consolldated
2021
2020
4.1 COST OF RAISING FUNDS
Slew8rdship ¢c¢ts
4.2a MINISTRY EXPENSES
Parlsh contr11￿110n to Dbo¢•
83.CQ1
83.￿1
Salades & NIC
Youth & ChikYr8n's Minl$t•r
Church Administrator
ChikJren'5 WL¥k
Pensth
P8￿011 tMJre8U
31.252
18,514
31.283
18,025
910
1.229
703
1,274
51,648
52.150
P•r50nal Exp8n¥e•
Vicar
Curate & ordinaTrJ5
Youth & Chihjron's Minlswr
25
218
716
392
1.755
Parlsh Mlnlstry
Church Servk•s
Worship 8 music grwp
Put4ioly & ￿b￿le
Clerw lees
Spe8ker5 feeg. grfts. travel
Upkeep ol Samce
352
148
474
249
1,239
2.548
694
1.286
C4%nmunlty Ouir•a¢h
Soaal 8 mos￿talIty
165
Youth & Chlldr•nS
Noah's A
Chikjron's
Breakwi
R8inbcMf pre-8chcKA
Liquid
Ttaining. b(wJk5 & fe8L¥JtC8S
120
418
667
320
174
189
1.771
Tralnlng. book¥ 8 malertal$
Ordinand tralnlng granis
Training- couises, & travel
oks resou￿0
1.081
1.030
110
582
170
1,YJ9
Missknl & Glvlng
Horne
Overseas
4.250
12.750
10.007
15.CQ5
Chur¢h Offi¢•
Office telep￿9
oiri¢• sundry cos
Copy cfjsls and paper SUPF4ieg
B8nk d￿ryeS
Postage & carTiape
Statsor￿ry & offir* 8ouipm8nt
Cornpuler expenses & SOf￿are
Staff reCWitr￿nl & D8S
lTh*pendeni Examlnw fee
Dep￿￿￿)n of asgets
365
78
513
71
312
3.642
1,729
10
1.2LYJ
4,728
1.170
2,978
8,878
9,097
164.929
167.367
Pa8e 14 of 20

ST STEPHEN'S SHOThERMILL PCC
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31st DECEMBER 2021
Note 4. Exponditure (continued); all funds consolidated
2021
2020
4.2b PROPERTY EXPENSES
Church Property Expenses
Repairs & maintenance
Quinqu8nniel Insp8ctson
ClèanSng
Electricrty
Gas
Water
Insurance
2.353
1.238
1,240
609
2.047
6.680
1.287
518
2.132
43
2.082
1.732
9,253
12.742
CROSS Property Expenses
Electricity
Gas
WatBr
Insurance
Cleaning
Repairs & maintenance
Wasle disposal
1,903
1.269
822
577
1.343
1.990
1.491
116
812
1.744
2.371
8,527
7,608
Other Property Expenses
Flat 2
Flat 3
Vicaraga
Sunvale - repairs & maintenance
828
3.037
328
1,356
3.500
425
747
5,$49
5,536
23,329
25,886
4.3 OTHER EXPENSES
Rainbov4 admin, fees. training
Rainbow equipment, materials, stationery
Rainbow food and milk
Rainbow salaries. NIC and payroll costs
Rainbow - other expenses
1,395
1,774
60
76,513
14,160
93,902
1,402
142
70,626
14,368
87,318
Page 15 Of 20

ST STEPHEN'S SHOThERMILL PCC
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31st DECEMBER 2021
Note 4 Expenditure (continued); all funds consolidated
2021
2020
EXPENDITURE SUMMARY
4.1 Cost of Raising Funds
4.2 Charltable Actlvllles
4.28 Mlnislry expenses
4.2b Propèrty expensos
164,929
23.329
188,258
167.367
25.886
193.253
4.3 Other Expenses
93,902
87,318
Total •xp•ndltur•
282,160
280.571
5. SUPPORT COSTS
2021
2020
Tolal support costs
6. DETAILS OF CERTAIN ITEMS OF EXPENDITURE
6.1 Tru$lw Expon8e$
Details of the amount of any paymenl or relmbursemonl of out-
of-psxkel expens6$ mad6 lo Irusièès or lo a third party for
gxpensos Sn¢urrgd by twstees.
2021
2020
Number of trustees who were paid expttnsès
Nalure of the expenses.. vI￿r gxp¢nse$
curate exwnses
proFerty managar labour & malerfals
25
218
731
74
647
212
772
6.2 Indo￿nd•nt Examlnatlon f•••
2021
2020
In(lependenl EXaMinat￿n fees
£1.2
£1,170
Page 16 of 20

ST STEPHEN'S SHOThERMILL PCC
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31st DECEMBER 2021
7. PAID EMPLOYEES
7.1 Staff Co$ts
2021
2020
pcc
Wages & salaries
Employerfs NIC
Employees pension ￿nInbul10￿9
45.931
3,835
1,274
51.040
46,360
3,858
1,228
51,446
RAINBOW
Wages & salaries
Employerfs NIC
Employees pension contributions
73.525
67,003
610
1,973
69.586
2,014
7S,539
É126,579
£121.032
No employees received lotsl employee benefits of more than £60,000
7.2 Staff Number
Average number of employeas engaged
in each of the following aclivilies-.
2021
2020
Fundraising
Charitible Actiwtios
Govemance
Rainbow
8. GRANT MAKING
None.
Page 17 of 20

ST STEPHEN'S SHOTTERMILL PCC
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31st DECEMBER 2021
9. TANGIBLE ASSETS
Leasehold
Freehold
Prwty Property
Office
Equipment
Fixtures and
F1th￿S
Total
1st January 2021 bl
Additions
Revaluati(￿S
Disposals
Depreciation
31st Decem￿r 2021 rjfwd
380,0(KJ
450,(AKJ
20,850
850,850
5,250
5,250
1,750
3,500
2,978
17,872
4,728
851,372
380,000
450,000
The PCC owns the leasehold of Glovers House flats 2 & 3. Flat 3 is occupied by the Youth & Children's Minister
while flat 2 is let al a commercial rent. A valuation was obiained in October 2019 and Ihe PCC accepts the
market value of £380,LXX) 15 sbll curr8nt.The historical cost of th8 leasehold propety is £260.000.
PCC also owns the freehold of 33 Sunvale Avenue, Haslemere, Surrey GU27 1 PJ which 58 us•J by
curates when training in the parish. The house was valued in October 2019 and the PCC accepts the holding value
of £450,C()O is a reasonablts guidts lo cuirent mark81 valu8. The historical cost of th8 freehold prop8rty is £450.CQO,
The fv40 leasehold flais and the freehold house are inveslmenl as5els of the parish, however Iheir actual use
changes from time lo lime wth a combination ol accommodats.on for a curate, accoMm￿a￿On for church employees.
and commercial lets.
10. DEBTORS AND PREPAYMENTS
2021
2020
Recoverable Grft Aid
Prepayments and accru&J in(￿me
12,042
10,693
22,735
6,884
4,759
11,643
11. CREDITORS AND ACCRUALS
Amounts fallSng dut wSthln on• ￿ar
2021
2020
A￿rya1$ and deferred income
10,916
10,946
3.738
3,738
12. TRANSACTIONS WITH RELATED PARTIES
Page 18 of 20

ST STEPHEN'S SHOThERMILL PCC
NOTE5 TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31st DECEMBER 2021
13. SUMMARY OF FUNDS AND MOVEMENTS
Tho followlng funds wer• In •xlstence durlng the year and showed m0￿Ments.
Fund name
Organ Fund
Typg ol fund
Restricted
Usg ol fund
Repair and maintenanc8 of church organ
Glovets Flats
Sunvale
Rainbow Nursery
Special Projects
Designated
Designated
Designated
Designat8d
Market value of Iwo flats owned by the church
Matkel value of residential property owned by the church
To provide working capital for running of nursery school
Special projects as specified by PCC from time to time
General Fund
Und¢signaled
G¢n¢ral purposes
Classrfication of Funds
Rostrfct•d
Donations given for a speufie purFX)se', funds can be used only for this purpose.
De8lgnatsd
General donations which the PCC wshes lo eamiark for particular uses arKI
which can be reallocated by Ihem as Ihe need arises.
General donations which are used for any charftable activlty.
Undeslgnatèd
Movoments in Funds 2021
blforward
01.01.21
Income
Expenditure Transfers clfonvard
31.12.21
Fund name
Organ
Glovers
Sunvale
Rainbow
Projects
General
1,734
380,000
450,000
16,370
30,742
132,396
1.011,242
1,734
380,CQO
450.000
6,507
32,553
134,665
1.005,459
84.040
1,811
190,527
276,378
93,903
188,258
282,161
Movements In Funds 2020
blfonvard
01.01.20
Incom•
Expondlturn Transfors dfon¥ard
31.12.20
Fund name
Organ
Glovers
Sunvale
Rainbcsw
Projecls
General
1,734
380,000
450,000
16,771
27,037
116,479
992,021
1,734
380,000
450,000
16.370
30,742
132,396
1,011,242
86,917
3,705
209,170
299,792
87.318
193.253
280.571
There were no transfers between funds in 2021 or 2020.
Pa8e 19 of 20

ST STEPHEN'S SHOThERMILL PCC
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31st DECEMBER 2021
14. ADDITIONAL DISCLOSURES
The following are slgnificant matters thal gre not slbjwn elsewhere in the Financkql Stalemenls..
14.1 Rainbow Nursery Pr•-school
As Rainbow is wholly obyned by the St Stephgn'5 Church. its aco)unls are fully consolhlat8d wilh th058 of tho Church.
2021
2020
Income from exlemal sources
SCC Earfy Years Recovery Fund Grant
76.540
7.5CKJ
86,917
86,917
Expenditure on extemal items
Rent for Cros5 Hall p8KI lo St Stethn's
83.899
10.003
93.902
76,203
11,115
87,318
Defictt for Ihe )ear
-9.862
401
14.2 CROSS Hall
2021
2020
Rent receNed external
Rent received from Rainbow
10.OD3
lo,(￿3
11,115
11,115
Maintenance and repairs
Gas, electricily and waler
Insuranc8
CleanirKJ and waste disposal
756
3.656
1.744
2.371
8.527
1,491
2,668
1,343
2,106
7,608
su￿u5f¢r the yEar
1.476
3,507
15. COMPARATIVE FIGURES 2020 BY FUND TYPE
Unrostrlct•d ReBtrlct•d Endowm•nt
Fund8
Funds
Funds
Total
2020
In¢ome and Endowments
Donations and lega¢i88
Charitable activities
Investment income
Other income
Total
157,338
15,690
35,794
90,969
299,791
157.338
15.69)
35.794
90.969
299,791
Expendlture on
Raising funds
Charitable acb"vibes
Other expenses
Total
193.253
87.318
280.571
193.253
87.318
280.571
Net Incomo
Gains Ilossesl on investments
Nel movemenl in funds
Funds broughl f¢ry4ard
Total fvrK15 carried lo￿ard
19.220
19.220
19,220
9W.288
1.009.508
19,220
992.022
1,011,242
1734
1734
Page 20 of 20