**REGISTERED CHARITY NUMBER: 1134255**
**Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 December 2021**
## **for**
## **PAROCHIAL CHURCH COUNCIL OF ST ALBAN'S, HINDHEAD**
Knox Cropper LLP Chartered Accountants Office Suite 1 Haslemere House Lower Street Haslemere Surrey GU27 2PE
**PAROCHIAL CHURCH COUNCIL OF ST ALBAN'S, HINDHEAD**
## **Contents of the Financial Statements for the Year Ended 31 December 2021**
||**Page**|
|---|---|
|**Report of the Trustees**|1 to 4|
|**Independent Examiner's Report**|5|
|**Statement of Financial Activities**|6|
|**Balance Sheet**|7|
|**Notes to the Financial Statements**|8 to 18|
|**Detailed Statement of Financial Activities**|19 to 20|
**PAROCHIAL CHURCH COUNCIL OF ST ALBAN'S, HINDHEAD**
**Report of the Trustees for the Year Ended 31 December 2021**
The trustees present their report with the financial statements of the charity for the year ended 31 December 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES Objectives and aims**
The objective of St Alban's, Hindhead is to provide a community to enable people to worship God, to develop their faith, and to build up a sense of community, within the parish of Hindhead.
To this end, it provides:
- worship - two Sunday morning services and a monthly mid week service;
- pastoral support from clergy and laity;
- and other activities such as Home groups, Christian courses, activities for children and occasional social events.
In addition, in order to finance these activities of St Alban's as a worshipping community, St Alban's uses its buildings for concerts, for rehearsals, for classes and for other purposes.
To maintain its ability to support both parish and community activities, the parish regularly undertakes work to maintain and, where possible, enhance the buildings and their facilities.
## **ACHIEVEMENT AND PERFORMANCE**
## **Achievements and Performance and Public Benefit**
When planning their activities, the incumbent and the PCC considered the Commission's guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion.
During 2021 the church was affected greatly by the Coronavirus pandemic. However, St. Alban's continued to serve the community. Live services were held whenever possible, and these included special events, such as a drive-in carol service at Christmas. At the start of the year we provided a weekly online service and a weekly Junior Church celebration. Once permitted to do so, we returned to our regular pattern of services. Most pastoral work was carried out online or via the telephone.
There was major work to address significant problems with the exterior of the south side of the church. A great deal of stonework was repaired and restored. The church continued to seek to address the issues identified in the Quinquennial inspection of 2020.
Inevitably, the lettings of the Community Hall decreased during the first part of 2021, but by the year end activity levels were re-established and the hall contributed to the overall surplus for the year. The Church Cottage was rented out throughout the year. St Alban's continued to give a regular amount to the work of the Bible Society.
Page 1
**PAROCHIAL CHURCH COUNCIL OF ST ALBAN'S, HINDHEAD**
**Report of the Trustees for the Year Ended 31 December 2021**
## **FINANCIAL REVIEW**
## **Financial position**
The total income was £197,402, as detailed in the financial statements. Expenditure amounted to £160,843 resulting in net income of £36,559, compared with net expenditure in the preceding year of £46,995. The net income comprises net income on unrestricted funds of £23,656 and net income on restricted funds of £12,903. £6,208 of General Funds was paid to charities in February 2021 in line with our policy to give away 10% of our regular income based on Funds raised in the previous year.
As a result, the funds totalled £1,171,414 at 31st December 2021, compared with £1,134,855 at 31st December 2020. At the year end restricted funds amounted to £1,012,599 whilst unrestricted general funds amounted to £88,815 and designated funds of £70,000. Restricted funds include the book value of the properties which totalled £889,699.
A number of factors contributed to the result for the year:
Income increased by £63,815 compared to 2020. This increase was directly attributable to: a £21,399 Planned giving increase ; a £22,149 Legacies increase ; a £5,304 Grant increase (DCMS scheme grant) and a £8,792 Church Hall Hire increase compared to 2020. The increase in Grant income is due to a change in reporting method showing this as income instead of negative expenditure.
Expenditure decreased by £19,739 in 2021 compared to 2020. This decrease was primarily due to lower stone work maintenance work incurred in the year of £21,503 compared to 2020.
## **Reserves policy**
The PCC aims to maintain unrestricted reserves equal to a minimum of 6 months expenditure in order to meet unexpected urgent expenditure or to continue to meet necessary regular costs if income decreases.
## **Restricted funds**
The restricted funds are set out in Note 19 to the accounts.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The Parochial Church Council (PCC) is 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.
## **Recruitment and appointment of new trustees**
The appointment of PCC members is governed by and set out in the Church Representation Rules. All church attendees are encouraged to register on the Electoral Roll of the parish, and the PCC is elected by the Electoral Roll. The churchwardens, who are elected at the Annual Parish Meeting by Electoral Roll members, are members of the PCC.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number**
1134255
## **Principal address**
St Alban's Church Tilford Road Hindhead Surrey GU26 6RB
Page 2
Page 2
**PAROCHIAL CHURCH COUNCIL OF ST ALBAN'S, HINDHEAD**
## **Report of the Trustees for the Year Ended 31 December 2021**
## **Trustees**
Richard Bodle Clergy Derek Holbird Clergy Wes Sutton Clergy Jung Daruvala Churchwarden Jenny Brown Churchwarden Sally Elliott Deanery Synod representative Amanda Gamble Philip Herson Jacqui Maybury Richard Maybury David Sale (resigned 9.5.21) Heather Sale (resigned 1.3.21) Radek Uzel Robin Crow (appointed 9.5.21) Holly Henderson (appointed 9.5.21) Duncan Willows Jane Thompson (appointed 9.5.21) Rebecca Willows
## **Independent Examiner**
James Holland-Leader, FCA ICAEW Knox Cropper LLP Chartered Accountants Office Suite 1 Haslemere House Lower Street Haslemere Surrey GU27 2PE
Page 3
**PAROCHIAL CHURCH COUNCIL OF ST ALBAN'S, HINDHEAD**
## **Report of the Trustees for the Year Ended 31 December 2021**
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Clergy**
Rev Richard Bodle Derek Holbird Wes Sutton
## **Churchwardens**
Jenny Brown Jung Daruvala
## **Bankers**
Lloyds Bank plc 12 High Street Haslemere Surrey GU27 2JG
NatWest Bank plc 39 The Borough Farnham Surrey GU9 7NP CBF Church of England Funds CCLA Investment Management Ltd Senator House 85 Queen Victoria Street London EC4V 4ET
## **Church administrator**
Rebecca Willows
**Electoral Roll Officer** Julia Longhurst
## **Treasurer**
Radek Uzel
## **Director of Music**
Jo Alegria
Approved by order of the board of trustees on 8 May 2022 and signed on its behalf by:
................................................................. Richard Bodle - Trustee
Page 4
**Independent Examiner's Report to the Trustees of Parochial Church Council of St Alban's, Hindhead**
## **Independent examiner's report to the trustees of Parochial Church Council of St Alban's, Hindhead**
I report to the charity trustees on my examination of the accounts of Parochial Church Council of St Alban's, Hindhead (the Trust) for the year ended 31 December 2021.
This report is made to the Trustees, as a body, in accordance with the terms of the engagement. My work has been undertaken so that I might carry out an Independent Examination of the financial statements in accordance with the General Directions given by the Charity Commissioners. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity’s Trustees as a body for my work or for this report.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material 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 Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts 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 accounts to be reached.
James Holland-Leader, FCA ICAEW Knox Cropper LLP Chartered Accountants Office Suite 1 Haslemere House Lower Street Haslemere Surrey GU27 2PE
Date: 8 May 2022
Page 5
**PAROCHIAL CHURCH COUNCIL OF ST ALBAN'S, HINDHEAD**
## **Statement of Financial Activities for the Year Ended 31 December 2021**
|Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
3
**Charitable activities**
Church Activities
Other trading activities
4
Investment income
5
Other income
**Total**
**EXPENDITURE ON**
Raising funds
7
**Charitable activities**
8
Church Activities
**Total**
**NET INCOME/(EXPENDITURE)**|Unrestricted
Restricted
funds
funds
£
£
**117,842**
**50,695**
**2,607**
**-**
**14,072**
**100**
**12,020**
**-**
**66**
**-**
**146,607**
**50,795**
**8,860**
**-**
**114,091**
**37,892**
**122,951**
**37,892**
**23,656**
**12,903**|**2021**
**Total**
**funds**
**£**
**168,537**
**2,607**
**14,172**
**12,020**
**66**
**197,402**
**8,860**
**151,983**
**160,843**
**36,559**|2020
Total
funds
£
113,621
2,200
5,742
11,864
160
133,587
10,894
169,688
180,582
(46,995)|
|---|---|---|---|
## **RECONCILIATION OF FUNDS**
**Total funds brought forward 135,159 999,696 1,134,855** 1,181,850
**TOTAL FUNDS CARRIED FORWARD 158,815 1,012,599 1,171,414** 1,134,855
The notes form part of these financial statements
Page 6
The notes form part of these financial statements
Page 6
**PAROCHIAL CHURCH COUNCIL OF ST ALBAN'S, HINDHEAD**
## **Balance Sheet 31 December 2021**
|Notes
**FIXED ASSETS**
Tangible assets
14
Investment property
15
**CURRENT ASSETS**
Debtors
16
Cash at bank and in hand|**2021**
2020
**£**
£
**491,814**
505,554
**400,000**
400,000
**891,814** 905,554
**30,591**
19,098
**256,204**
216,594
**286,795** 235,692|
|---|---|
## **CREDITORS**
Amounts falling due within one year 17
## **(7,195)**
(6,391)
## **NET CURRENT ASSETS 279,600**
229,301
## **TOTAL ASSETS LESS CURRENT LIABILITIES**
## **1,171,414**
1,134,855
**NET ASSETS 1,171,414**
1,134,855
The notes form part of these financial statements
Page 7
**FUNDS** 19 Unrestricted funds **158,815** 135,159 Restricted funds **1,012,599** 999,696
**TOTAL FUNDS 1,171,414** 1,134,855
The financial statements were approved by the Board of Trustees and authorised for issue on 8 May 2022 and were signed on its behalf by:
............................................. Richard Bodle - Trustee
............................................. Radek Uzel - Trustee
The notes form part of these financial statements
Page 7
**PAROCHIAL CHURCH COUNCIL OF ST ALBAN'S, HINDHEAD Notes to the Financial Statements for the Year Ended 31 December 2021**
## **1. STATUS OF THE PCC**
The Parochial Church Council of St Alban's, Hindhead is a registered charity, no. 1134255.
A description of the nature of the PCC's activities is disclosed in the Report of the Trustees. The PCC's principal address is stated on page 2.
The presentation currency of the financial statements is the Pound Sterling (£).
## **2. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individual accounts of PCCs, and with the Regulations' 'true and fair view' provisions, together with the Financial Reporting Standard Applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Statement of Recommended Practice: Accounting and Reporting by Charities (SORP (FRS 102)).
The accounts have been prepared to give a 'true and fair view' and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair view'. This departure involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) Second Edition issued in October 2019 rather than the Accounting and Reporting by Charities Statement of Recommended Practice effective from 1st April 2005 which has since been withdrawn.
The PCC is a public benefit entity within the meaning of FRS 102.
The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern.
## **Critical accounting judgements and key sources of estimation uncertainty**
Fair value of tangible fixed assets and investment properties
These assets are measured at fair value at each reporting date with changes in fair value recognised in the Statement of Financial Activities. The Trustees assess the fair value based on recent market values. In determining the fair value on this basis, the valuation remains sensitive to fluctuations in the property market.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Donations, Legacies and Collections
Collections are recognised when banked by or on behalf of the PCC. Planned giving receivable under Gift Aid is recognised only when received. Income tax recoverable on covenants or Gift Aid donations is recognised in the accounts when the gift is received. Grants and legacies are accounted for when the PCC is notified of its legal entitlement and the amount due is probable.
## Other ordinary income from church activities
Parochial fees due to the PCC for weddings, etc. are accounted for on an event by event basis. Rental income is recognised only when received.
continued...
Page 8
Income from investments
Dividend and interest income are accounted for when received as is any income tax recoverable on such income.
continued...
Page 8
**PAROCHIAL CHURCH COUNCIL OF ST ALBAN'S, HINDHEAD Notes to the Financial Statements - continued for the Year Ended 31 December 2021**
## **2. ACCOUNTING POLICIES - continued**
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
The Diocese Parish Share is accounted for when paid. Any contributions unpaid at the balance sheet date are provided for in the financial statements as an operational (though not a legal) liability and are shown within creditors.
Grants and donations are accounted for when paid over, or when awarded where the award creates a binding obligation on the PCC. Where grants are offered subject to conditions which have not been met at the year end date these are noted as a commitment but not accrued as expenditure.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost Church equipment - 33% on cost
- Consecrated land and buildings and moveable church furnishings
Consecrated and beneficed property is excluded from the financial statements by section 10(2) to (4) of the Charities Act 2011.
No value is placed on moveable church furnishings held by the churchwardens on special trust for the PCC and which require a faculty for disposal, as the PCC considers this to be an inalienable property. All expenditure incurred during the year on consecrated land and beneficed buildings, whether maintenance or improvement, is charged to the accounts during the year, as is expenditure on moveable church furnishings.
## **Investment property**
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
continued...
Page 9
Page 9
continued...
**PAROCHIAL CHURCH COUNCIL OF ST ALBAN'S, HINDHEAD**
**Notes to the Financial Statements - continued for the Year Ended 31 December 2021**
## **2. ACCOUNTING POLICIES - continued**
## **Current assets and liabilities**
Debtors and creditors are recognised where, at the balance sheet date, an entitlement to receive or transfer economic benefit exists and settlement is probable and can be measured reliably. Amounts are measured at the expected settlement amount, discounted for the time value of money if material.
Cash at bank and in hand includes cash held on deposit either with the CBF Church of England Funds, or at the bank.
## **3. DONATIONS AND LEGACIES**
|**3.**
**DONATIONS AND LEGACIES**|||||
|---|---|---|---|---|
|Planned giving
Collections
Gift aid
Legacies
Charitable donations
Grants
War Graves
**4.**
**OTHER TRADING ACTIVITIES**
Toddler Group
Church hall hire
Church room hire
**5.**
**INVESTMENT INCOME**
Cottage rent
CCLA and bank interest||**2021**
**£**
**92,130**
**2,174**
**21,244**
**44,704**
**2,945**
**5,304**
**36**
**168,537**
**2021**
**£**
**100**
**14,072**
**-**
**14,172**
**2021**
**£**
**12,000**
**20**
**12,020**||2020
£
70,731
959
16,289
22,555
3,051
-
36
113,621
2020
£
112
5,280
350
5,742
2020
£
11,700
164
11,864|
||||||
||||||
continued...
Page 10
**PAROCHIAL CHURCH COUNCIL OF ST ALBAN'S, HINDHEAD**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2021**
|**6.**
**INCOME FROM CHARITABLE ACTIVITIES**
Activity
Fees
Church Activities
**7.**
**RAISING FUNDS**
**Raising donations and legacies**
Church Hall expenses
Letting costs
**8.**
**CHARITABLE ACTIVITIES COSTS**
Direct
Costs (see
note 9)
£
Church Activities
**79,843**
**9.**
**DIRECT COSTS OF CHARITABLE ACTIVITIES**
Diocesan Parish Share
Music (including Organist)
Clergy
Vicarage
Cost of Services
Adult Training
Junior Church
Holiday Club
Toddler Group
Outreach|Grant
funding of
activities
(see note
10)
£
**7,502**|**2021**
**£**
**2,607**
**2021**
**£**
**5,609**
**3,251**
**8,860**
Support
costs (see
note 11)
£
**64,638**
**2021**
**£**
**70,717**
**1,810**
**1,322**
**1,990**
**2,997**
**121**
**288**
**25**
**-**
**573**
**79,843**|2020
£
2,200
2020
£
7,952
2,942
10,894
Totals
£
**151,983**
2020
£
70,717
1,755
2,040
2,465
1,724
211
14
-
27
3,228
82,181|
|---|---|---|---|
|||||
continued...
Page 11
**PAROCHIAL CHURCH COUNCIL OF ST ALBAN'S, HINDHEAD**
**Notes to the Financial Statements - continued for the Year Ended 31 December 2021**
## **10. GRANTS PAYABLE**
|**GRANTS PAYABLE**|||
|---|---|---|
||**2021**|2020|
||**£**|£|
|Church Activities|**7,502**|4,430|
|The total grants paid to institutions during the year was as follows:|||
||**2021**|2020|
||**£**|£|
|Bible Society|**6,209**|1,859|
|Christian Aid|**255**|857|
|Samaritan's Purse|**-**|857|
|The Children's Society|**-**|857|
|Three Counties Church|**75**|-|
|Beacon Hill Nursery|**157**|-|
|Beacon Hill School|**806**|-|
||**7,502**||
|||4,430|
## **Bible Society**
It is the Church's policy to give away to charities 10% of its regular income. Grants and donations are accounted for when paid or when awarded as per Church's expenditure policy. This year the Bible Society was paid £6,209 as the remainder relating to 2020 regular income.
## **Christian Aid**
The Church ran in the year a Christian Aid collection. All proceeds amounting to £256 were paid out in the year to the charity.
## **Frensham Parochial Trust**
The Church received £700 in the year for the benefit of needy individuals identified by: the Three Counties Church, Beacon Hill Nursery, Beacon Hill School and The Luncheon Club. All funds were allocated at the year end.
## **11. SUPPORT COSTS**
|**SUPPORT COSTS**||||
|---|---|---|---|
|||Administrative||
||Expenditure|||
|||and||
||related|governance||
||to Church|costs|Totals|
||£|£|£|
|Church Activities|**51,751**|**12,887**|**64,638**|
continued...
Page 12
**PAROCHIAL CHURCH COUNCIL OF ST ALBAN'S, HINDHEAD**
**Notes to the Financial Statements - continued for the Year Ended 31 December 2021**
## **11. SUPPORT COSTS - continued**
Support costs, included in the above, are as follows:
## **Expenditure related to church**
|**Expenditure related to church**|||
|---|---|---|
||**2021**|2020|
||Church|Total|
||Activities|activities|
||**£**|£|
|Minor repairs and maintenance|**1,237**|**2,469**|
|Insurance|**4,663**|**4,477**|
|Utilities|**5,804**|**5,357**|
|Cleaning|**1,968**|**2,064**|
|Churchyard expenses|**1,773**|**1,150**|
|Fabric|**4,491**|**835**|
|Stone work|**21,397**|**42,900**|
|Depreciation of tangible fxed assets|**10,418**|**10,418**|
||**51,751**|**69,670**|
## **Administrative and governance costs**
|**Administrative and governance costs**|||
|---|---|---|
||**2021**|2020|
||Church|Total|
||Activities|activities|
||**£**|£|
|Printing, postage & stationery|**1,703**|**1,423**|
|Administrator|**5,856**|**6,318**|
|Other|**152**|**482**|
|Independent Examination|**1,854**|**1,800**|
|Depreciation of tangible fxed assets|**3,322**|**3,384**|
||**12,887**|**13,407**|
## **12. TRUSTEES' REMUNERATION AND BENEFITS**
No trustee received any remuneration for their role as a trustee. There is one trustee, R Willows, receiving remuneration in 2021 for the provision of administrative services to the PCC totalling £5,856 in the year.
## **Trustees' expenses**
One member of the PCC received reimbursement of travel expenses amounting to £357 (2020: two, £605)
continued...
Page 13
**PAROCHIAL CHURCH COUNCIL OF ST ALBAN'S, HINDHEAD**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2021**
|**13.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
Restricted
funds
funds
£
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
93,577
20,044
**Charitable activities**
Church Activities
2,200
-
Other trading activities
5,630
112
Investment income
11,864
-
Other income
160
-
**Total**
113,431
20,156
**EXPENDITURE ON**
Raising funds
10,894
-
**Charitable activities**
Church Activities
115,472
54,216
**Total**
126,366
54,216
**NET INCOME/(EXPENDITURE)**
(12,935)
(34,060)
**Transfers between funds**
(1,775)
1,775
**Net movement in funds**
(14,710)
(32,285)
**RECONCILIATION OF FUNDS**|Total
funds
£
113,621
2,200
5,742
11,864
160
133,587
10,894
169,688
180,582
(46,995)
-
(46,995)|
|---|---|
**Total funds brought forward** 149,869 1,031,981 1,181,850
## **TOTAL FUNDS CARRIED FORWARD**
135,159 999,696
continued...
Page 14
1,134,855
Page 14
continued...
**PAROCHIAL CHURCH COUNCIL OF ST ALBAN'S, HINDHEAD**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2021**
## **14. TANGIBLE FIXED ASSETS**
|**COST**
At 1 January 2021 and
31 December 2021
**DEPRECIATION**
At 1 January 2021
Charge for year
At 31 December 2021
**NET BOOK VALUE**
At 31 December 2021
At 31 December 2020|Freehold
Church
property
equipment
£
£
**520,918**
**10,154**
**20,801**
**4,717**
**10,418**
**3,322**
**31,219**
**8,039**
**489,699**
**2,115**
500,117
5,437|Totals
£
**531,072**
**25,518**
**13,740**
**39,258**
**491,814**
505,554|
|---|---|---|
The value of the freehold property is based on an insurance valuation undertaken in 2014 plus the Net Book Value of the link constructed between the church and church hall.
## **15. INVESTMENT PROPERTY**
|**FAIR VALUE**
At 1 January 2021
and 31 December 2021
**NET BOOK VALUE**
At 31 December 2021
At 31 December 2020|**£**
**400,000**
**400,000**
400,000|
|---|---|
The church cottage was valued at 31st December 2016 by the Trustees following advice from a local estate agent.
## **16. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Other debtors
Prepayments and accrued income|**2021**
**£**
**3,479**
**27,112**
**30,591**|2020
£
2,492
16,606
19,098|
|---|---|---|
continued...
Page 15
**PAROCHIAL CHURCH COUNCIL OF ST ALBAN'S, HINDHEAD**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2021**
|**17.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN**|**CREDITORS: AMOUNTS FALLING DUE WITHIN**|**ONE YEAR**|**ONE YEAR**|||
|---|---|---|---|---|---|---|
||||||**2021**|2020|
||||||**£**|£|
||Other creditors||||**7,195**|6,391|
|**18.**|**ANALYSIS OF NET ASSETS BETWEEN FUNDS**||||||
||||||**2021**|2020|
|||Unrestricted|||||
||||Restricted||Total|Total|
|||funds||funds|funds|funds|
|||£||£|**£**|£|
||Fixed assets|**2,115**||**489,699**|**491,814**|505,554|
||Investments|**-**||**400,000**|**400,000**|400,000|
||Current assets|**163,895**||**122,900**|**286,795**|235,692|
||Current liabilities|**(7,195)**||**-**|**(7,195)**|(6,391)|
|||**158,815**||**1,012,599**
**1,171,414**|||
|||1,134,855|||||
## **19. MOVEMENT IN FUNDS**
|**Unrestricted funds**
General fund
Designated
**Restricted funds**|Net
movement
At
At 1.1.21
in funds
31.12.21
£
£
£
**65,159**
**23,656**
**88,815**
**70,000**
**-**
**70,000**
**135,159**
**23,656**
**158,815**|
|---|---|
Holiday Club **430 (25) 405**
Toddler Group **199 100 299**
Property Fund **900,117 (10,418) 889,699**
Graves Trust
**5,000 36 5,036**
Nicol Trust and other donations for the building
continued...
Page 16
**85,333 23,210 108,543** Hindhead Youth **8,617 - 8,617**
**999,696 12,903 1,012,599**
**TOTAL FUNDS 1,134,855 36,559 1,171,414**
continued...
Page 16
**PAROCHIAL CHURCH COUNCIL OF ST ALBAN'S, HINDHEAD**
**Notes to the Financial Statements - continued for the Year Ended 31 December 2021**
## **19. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|**146,607**|**(122,951)**|**23,656**|
|**Restricted funds**||||
Holiday Club
**-**
## **(25)**
**(25)**
Toddler Group **100**
**-**
## **100**
Property Fund
**-**
**(10,418) (10,418)**
Graves Trust
**36**
**36**
Nicol Trust and other donations for the building
## **49,098**
## **(25,888)**
## **23,210**
Donations
**1,561 (1,561)**
**-**
**50,795 (37,892) 12,903**
continued...
Page 17
**TOTAL FUNDS 197,402 (160,843) 36,559**
## **Comparatives for movement in funds**
|**Unrestricted funds**
General fund
Designated|Net
Transfers
movement
between
At
At 1.1.20
in funds
funds
31.12.20
£
£
£
£
79,869
(12,935)
(1,775)
65,159
70,000
-
-
70,000
149,869
(12,935)
(1,775)
135,159|
|---|---|
## **Restricted funds**
Holiday Club 430
-
- 430
Toddler Group 114 85
- 199
Property Fund 908,760 (10,418) 1,775 900,117
Graves Trust 5,000
-
-
5,000
Nicol Trust and other donations for the building
continued...
Page 17
109,060 (23,727)
- 85,333
Hindhead Youth 8,617 - - 8,617
1,031,981 (34,060) 1,775 999,696
**TOTAL FUNDS** 1,181,850 (46,995) - 1,134,855
continued...
Page 17
**PAROCHIAL CHURCH COUNCIL OF ST ALBAN'S, HINDHEAD**
**Notes to the Financial Statements - continued for the Year Ended 31 December 2021**
## **19. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|113,431|(126,366)|(12,935)|
## **Restricted funds**
Toddler Group 112 (27) 85
Property Fund - (10,418) (10,418) Graves Trust 36 (36) - Nicol Trust and other donations for the building
20,008 (43,735) (23,727)
20,156 (54,216) (34,060)
Page 18
**TOTAL FUNDS** 133,587 (180,582) (46,995)
Holiday Club - This is a community holiday club in the summer and children pay a fee to attend.
Toddler Group - This group of under 5s with their carers meet on Wednesdays for activities in the Church Hall. Donations are given towards costs.
Property Fund - This fund represents the book value of the Church Cottage and Church Hall.
Graves Trust - £5,000 is held for the upkeep of the graves of Mr Nicol and his sister. A small amount is received each year from the Commonwealth War Graves and is spent appropriately.
Nicol Trust - This fund is to provide for the general upkeep, maintenance, and improvements to the Church and Graveyard, and other Charitable in law causes as they relate to the Church.
Hindhead Youth Account - This fund was set up with the specific aim of funding a youth and children's worker and related costs.
Designated Fund - The PCC have designated this fund for future major projects.
## **20. RELATED PARTY DISCLOSURES**
Members of the Parochial Church Council gave £9,700 (2020: £10,295) to the charity during the year.
The charity receives administration services from Rebecca Willows who is the spouse of a member of the council and a member of the Council herself. During the year £5,856 (2020: £6,864) was paid to Rebecca Willows, of which £532 (2020: £0) payable is included in creditors.
The church cottage is let to a member of the PCC, Jenny Brown. The letting was arranged through a property management firm at a market rate. The rent payable for the year amounted to £12,000 (2020: £11,700) .
Page 18
**PAROCHIAL CHURCH COUNCIL OF ST ALBAN'S, HINDHEAD**
## **Detailed Statement of Financial Activities for the Year Ended 31 December 2021**
|Unrestricted
Restricted
funds
funds
£
£
**INCOME AND ENDOWMENTS**
**Donations and legacies**
Planned giving
**92,130**
**-**
Collections
**2,174**
**-**
Gift aid
**21,244**
**-**
Legacies
**-**
**44,704**
Charitable donations
**1,384**
**1,561**
Grants
**910**
**4,394**
War Graves
**-**
**36**
**117,842**
**50,695**
**Other trading activities**
Toddler Group
**-**
**100**
Church hall hire
**14,072**
**-**
Church room hire
**-**
**-**
**14,072**
**100**
**Investment income**
Cottage rent
**12,000**
**-**
CCLA and bank interest
**20**
**-**
**12,020**
**-**
**Charitable activities**
Fees
**2,607**
**-**
**Other income**
Other income
**66**
**-**
**Total incoming resources**
**146,607**
**50,795**
**EXPENDITURE**
**Raising donations and legacies**
Church Hall expenses
**5,609**
**-**
Letting costs
**3,251**
**-**
**8,860**
**-**
**Charitable activities**
Diocesan Parish Share
**70,717**
**-**
Carried forward
**70,717**
**-**|2021
Total
funds
£
**92,130**
**2,174**
**21,244**
**44,704**
**2,945**
**5,304**
**36**
**168,537**
**100**
**14,072**
**-**
**14,172**
**12,000**
**20**
**12,020**
**2,607**
**66**
**197,402**
**5,609**
**3,251**
**8,860**
**70,717**
**70,717**|2020
Total
funds
£
70,731
959
16,289
22,555
3,051
-
36
113,621
112
5,280
350
5,742
11,700
164
11,864
2,200
160
133,587
7,952
2,942
10,894
70,717
70,717|
|---|---|---|
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Page 19
**PAROCHIAL CHURCH COUNCIL OF ST ALBAN'S, HINDHEAD**
## **Detailed Statement of Financial Activities for the Year Ended 31 December 2021**
|Unrestricted
Restricted
funds
funds
£
£
**Charitable activities**
Brought forward
**70,717**
**-**
Music (including Organist)
**1,810**
**-**
Clergy
**1,322**
**-**
Vicarage
**1,722**
**268**
Cost of Services
**2,997**
**-**
Adult Training
**121**
**-**
Junior Church
**288**
**-**
Holiday Club
**-**
**25**
Toddler Group
**-**
**-**
Outreach
**573**
**-**
Grants to institutions
**6,209**
**1,293**
**85,759**
**1,586**
**Support costs**
**Expenditure related to Church**
Minor repairs and maintenance
**1,237**
**-**
Insurance
**4,663**
**-**
Utilities
**5,804**
**-**
Cleaning
**1,968**
**-**
Churchyard expenses
**1,773**
**-**
Fabric
**-**
**4,491**
Stone work
**-**
**21,397**
Depreciation of f/hld property
**-**
**10,418**
**15,445**
**36,306**|2021
Total
funds
£
**70,717**
**1,810**
**1,322**
**1,990**
**2,997**
**121**
**288**
**25**
**-**
**573**
**7,502**
**87,345**
**1,237**
**4,663**
**5,804**
**1,968**
**1,773**
**4,491**
**21,397**
**10,418**
**51,751**|2020
Total
funds
£
70,717
1,755
2,040
2,465
1,724
211
14
-
27
3,228
4,430
86,611
2,469
4,477
5,357
2,064
1,150
835
42,900
10,418
69,670|
|---|---|---|
## **Administrative and governance costs**
Printing, postage & stationery
**1,703**
**-**
**1,703**
1,423
Administrator
**5,856**
**-**
**5,856**
6,318
Other
**152**
**-**
**152** 482
Independent Examination
This page does not form part of the statutory financial statements
Page 20
**1,854 - 1,854** 1,800
Depreciation of equipment **3,322 - 3,322** 3,384
**12,887 12,887** 13,407
Total resources expended **122,951 37,892 160,843** 180,582
**Net (expenditure)/income 23,656 12,903 36,559** (46,995)
This page does not form part of the statutory financial statements
Page 20
This page does not form part of the statutory financial statements
Page 20