Annual Report and Financial Statements for The Parochial Church Council of the Ecclesiastical Parish of Earley St Nicolas
for the year ended 31 December 2021
Charity Registration Number: 1138037
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EARLEY ST NICOLAS
Registered Charity in England and Wales No. 1138037
Annual Report for the year ended 31 December 2021
Aims and Purpose
The Parochial Church Council (PCC) of Earley St Nicolas Church has the responsibility of cooperating with the Vicar in promoting the whole mission of the Church, pastoral, evangelistic, social and ecumenical within the whole parish of Earley St Nicolas.
Objectives and activities
The PCC is committed to enabling as many as possible to worship at our church and become part of the parish community of Earley St Nicolas. The PCC maintains an overview of worship throughout the parish under the leadership of the Vicar our services 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 specific guidance on charities for the advancement of religion. We try to enable people to live out their faith as part of our church community through:
-
Worship and prayer; learning about the gospel; developing their knowledge of and trust in Jesus Christ
-
Provision of pastoral care for people living in the parish, mission and outreach work
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maintaining and developing the church, centre and grounds as a venue for church and community
Our Mission
To be ‘Open to God, open to one another, open to the community’
We are followers of Christ who believe and seek to demonstrate that God is with and for all people.
Our Values
We are God Centred
If it were not for God, we would not be here we want the character and values of Jesus Christ to be the bedrock of who we are as a church. We have Holy Communion at the heart of our worship where everyone is welcome to receive.
We are open and friendly
We come as we are and anyone else can do the same.
We are serious about our faith but do not take ourselves too seriously.
We believe God loves and welcomes everyone - we try to do the same.
We are supportive
We try to support people in the good times and the bad. This support may be for a person in our congregation, in the local community or further afield.
We are seeking justice for all
Jesus had a particular connection with people who were living in poverty, outcast or marginalised. We aim to follow his example by working directly, with charities and with communities for a fairer world.
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EARLEY ST NICOLAS Annual Report for the year ended 31 December 2021 (continued)
Achievements and performance
Worship and prayer
The PCC endeavours to offer a range of services during the week and over the course of the year that our community finds both beneficial and spiritually fulfilling. Our usual pattern of Sunday services includes two services of Holy Communion and an evening service of the word. We also have a weekly midweek communion service. We have additional services throughout the year, particularly during Christmas and Holy Week. The PCC is committed to enabling the church to be open every day for anyone who wishes to spend time in prayer or reflection.
2021 has been an extremely challenging year, with the need to respond to the many changes to regulations. We took the difficult decision to close to public worship once again in January due to a sharp rise in hospital admissions. During this time, we continued to livestream a Sunday service at 10am, and a zoom service on Wednesday mornings.
Associate Minister Revd Libby Newman retired in April, after many years of loyal service, and we are delighted that she will continue to be part of the St Nicolas family with Permission to Officiate.
We were pleased to be able to open for public worship again in May, and in September reinstated our 8am service. The PCC has pledged to become a ‘hybrid’ church, committed to supporting those who worship virtually. Our 10am service is livestreamed on YouTube, and for those unable to access online services a CD recording of the service is delivered to them each week. The evening Sunday service takes place each week on Zoom. A service of morning prayer is held in church Monday to Thursday.
We were delighted to be able to return to bringing communion once again to Austen House.
While the children from local schools have been unable to come to church in person, the Vicar and members of the REinspired team recorded videos to be shown for Harvest and Christmas.
All are welcome to attend our services. At present there are currently 151 on the parish Electoral Roll, 89 live within the parish. Attendance in person is around 30 for our 10am service. Online attendance is almost impossible to measure, but our Sunday services usually have around 32 views.
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EARLEY ST NICOLAS Annual Report for the year ended 31 December 2021 (continued)
Pastoral Care
We endeavour to keep in regular contact with our church family and thanks to volunteers have offered practical assistance wherever possible within government guidelines. Much support and mutual care takes place in Home Groups. We have an active prayer chain, which continues to pray for those within the church community as well as prayer requests received from our website. Earley St Nicolas is part of the ‘Earley Help Hub’, an ecumenical organisation which coordinates the support for those in need within the whole of Earley.
Discipleship
We have a thriving network of Home Groups who have met virtually using Zoom or have kept in regular phone contact. Most groups continue to follow a course, meeting fortnightly for fellowship, prayer and teaching. Many groups have now begun meeting again in person.
Focus, our teenage group, met regularly in church whenever possible and on zoom when church was closed for worship. The monthly ‘Going Deeper’ group continues to meet discussing theological issues. Other discipleship activities have included the Lent and Advent groups and Space to Breathe.
Mission and outreach
Lent bags were created and distributed to encourage participation while the church was worshipping online only. As restrictions eased, more use of the servery by church groups began, and some hirers returned in September.
Financial Review of the Year
This has been an extremely stressful year for all churches’ finance, and St Nicolas is no exception. We are extraordinarily grateful to all our donors. Although the Covid-19 pandemic continued to have an impact on the church finances, Centre lettings recovered as lockdown restrictions were relaxed. We are pleased to see that increased activity in the centre and the church has now enabled us to remain financially stable and our overall cash balances rose by £1,336, after making our loan repayments for the year.
The accounts show gross income for the year of £132,709, of which £122,618 related to unrestricted funds and a further £10,091 was received for restricted funds. Of this gross income, £65,257 was unrestricted planned voluntary giving and £14,718 was from Gift Aid received into the General Fund.
Unrestricted expenditure fell from £157,102 to £145,831 with the most significant reduction being in staff costs as fewer staff were employed in 2021. For both years this figure includes depreciation of £27,958 which is an accounting entry reflecting the use of our assets. The PCC took the difficult decision to reduce outward giving during the unprecedented circumstances of the pandemic. We were able to increase this slightly in 2021 and we have pledged to increase this as soon as funds allow.
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EARLEY ST NICOLAS Annual Report for the year ended 31 December 2021 (continued)
After reserve transfers the General Fund increased by £9,153 to £17,455. As in previous years, a transfer of £4,000 was made into the Major Repairs Fund which now stands at £14,167.
During the year, the net movement on unrestricted funds was a decrease of £14,778 and the net movement on restricted funds was an increase of £25. Total funds fell by £14,753 to £1,214,669.
Reserves Policy
The PCC considers that it is appropriate to maintain a balance on free reserves equivalent to approximately three to four months of unrestricted expenditure to meet its needs, including its legal and constructive obligations and to smooth out fluctuations in cash flow. This is approximately £30,000. The balance of the General Fund at 31st December 2021 was £17,455.
Investment Policy
It remains our policy to invest our funds balances with the Central Board of Finance (CBF) Church of England Deposit fund.
Volunteers
We should like to thank all who work so hard to make our church the lively and vibrant community it is. We want to thank the current church wardens, Wendy Neale, Julia Jones and Jane Olney together with John Louth who stepped down at the APCM in May. They have worked tirelessly on our behalf. And to the members of the PCC for their valuable contribution to our ministry and for keeping the church running.
Administrative Information
St Nicolas Church, Earley is situated on Sutcliffe Avenue in Earley. It is part of the Diocese of Oxford within the Church of England. The correspondence address is St Nicolas Church, Sutcliffe Avenue, Earley, Reading RG6 7JN.
The Parochial Church Council (PCC) was registered as a charity in England and Wales on 15 September 2010, under registration number 1138037.
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EARLEY ST NICOLAS Annual Report for the year ended 31 December 2021 (continued)
Trustees
| rustees | ||||
|---|---|---|---|---|
| Name | Position | Term | ||
| Start | End | |||
| Revd April Beckerleg | Chair | July 2020 | ||
| Revd Libby Newman | Clergy | Retired April | ||
| 2021 | ||||
| Emma Major | Licensed Lay Minister | |||
| Deanery Synod Member (June 2021) | 2021 | 2023 | ||
| Wendy Neale | Co-Churchwarden | 2020 | 2023 | |
| Jane Olney | Churchwarden from May | 2021 | 2024 | |
| John Louth | Churchwarden | 2019 | 2021 | |
| PCC member | 2021 | 2024 | ||
| Julia Jones | Co-Churchwarden and | 2020 | 2023 | |
| PCC member | ||||
| Jane Olney | Churchwarden | 2021 | 2023 | |
| Safeguarding Officer | ||||
| Elizabeth Fielding | Elected Member, Treasurer | 2018 | 2021 | |
| 2021 | 2024 | |||
| Jenny Bryce | Deanery Synod Member | 2017 | 2024 | |
| Elaine Spratling | Deanery Synod Member | 2017 | 2024 | |
| John Davies | Deanery Synod Member | Sept | 20 | July 2021 |
| resigned | ||||
| Doug Walrond | Elected Member | 2021 | 2024 | |
| Peter Jeal | Elected Member | 2019 | 2022 | |
| Denise Rees | Elected Member | 2017 | 2023 | |
| David Pooler | Elected Member | 2018 | 2022 | |
| Eleanor Gunbie | Elected Member | Sept | 20 | 2023 |
| Peter Kemm | Elected Member | Sept | 20 | 2023 |
| Julie Hull | Co-opted to Sept 20 | 2019 | 2022 | |
| Elected from Sept 20 | ||||
| Johanna Oldach | Co-opted member | Sept | 20 | 2021 |
| Until May 2021 | ||||
| Non-Trustee members | of PCC in regular attendance | |||
| Helen Brown | Secretary | 2019 | Until APCM | |
| May 2021 | ||||
| Vicki Procko | PCC Secretary | 2021 | 2022 |
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EARLEY ST NICOLAS Annual Report for the year ended 31 December 2021 (continued)
Structure, governance and management
The Parochial Church Council is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure.
Members of the Parochial Church Council (PCC) are either ex officio or elected at the Annual Parochial Church Meeting in accordance with the Church Representation Rules. The appointment of PCC members is governed by and set out in the Church Representation Rules. Elected members are elected by those on the electoral role of the church. All Church attendees are encouraged to register on the Electoral Roll and hence are eligible to stand for election to the PCC. In addition, members may be co-opted as necessary.
Structure and Governance
Functions and purpose of the PCC
The PCC is a body corporate in its own right; in other words it has a legal status to which attach certain rights and duties. The key to the role of the PCC lies first of its general functions: cooperation with the vicar in promoting in the parish the whole mission of the church. Other powers, rights and responsibilities include: responsibilities for the financial affairs of the church, the care, maintenance, preservation and insurance of the fabric of the church and its goods; the care and maintenance of any churchyard; to decide jointly with the vicar forms of service to be used.
Standing Committee
This is the only committee required by law. It meets as and when necessary.
Other Committees
The PCC appoints sub-committees from time to time, who are all responsible to the PCC and report back regularly.
Where appropriate the PCC delegates a level of financial responsibility to individual committees.
The PCC follows the Diocese of Oxford Safeguarding Training Requirements.
The PCC has a designated safeguarding officer, Jane Olney.
Approved by the PCC on
2022 and signed on their behalf by:
Revd April Beckerleg
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EARLEY ST NICOLAS
Statement of Financial Activities (SOFA) for the year ended 31st December 2021
| All figures in £ Note Income and Endowments from: Donations and Legacies A1 Charitable Activities A2 Other Trading Activities A3 Investments A4 Total Income and Endowments Expenditure on: Raising Funds B1 Charitable Activities B2 Governance costs Total Expenditure Net Gains/(Losses) on Investments Net Income/(Expenditure) Transfers between Funds Other Recognised Gains/(Losses) Gains/(Losses) on Revaluation of Fixed Assets Net Movement in Funds Reconciliation of Funds: Total Funds brought forward Total Funds carried forward |
Unrestricted Funds Restricted Funds Endowment Funds Total 84,974 10,091 - 95,065 1,117 - - 1,117 36,500 - - 36,500 27 - - 27 122,618 10,091 - 132,709 - - - - 145,831 1,631 - 147,462 - - - 145,831 1,631 - 147,462 - - - - (23,213) 8,460 - (14,753) 8,435 (8,435) - - - - - - (14,778) 25 - (14,753) 1,193,898 25,524 10,000 1,229,422 1,179,120 25,549 10,000 1,214,669 2021 |
2020 Total 134,059 3,171 22,013 140 159,383 - 159,911 - 159,911 - (528) - - (528) 1,232,463 1,229,422 |
|---|---|---|
w The statement of financial activities includes all gains and losses recognised in the year.
w All income and expenditure derives from continuing activities.
w See Note G3 for the comparative SOFA
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EARLEY ST NICOLAS Balance Sheet as at 31st December 2021
| All figures in £ Note Fixed Assets: Tangible Assets C1 Total Fixed Assets Current Assets: Debtors D1 Cash at Bank and in Hand D2 Total Current Assets Liabilities: Creditors: Amounts falling due within a year E1 Net Current Assets or Liabilities Total Assets less Current Liabilities Creditors: Amounts falling due after one year E2 Provisions for Liabilities Total Net Assets or Liabilities The Funds of the Charity: Endowment Funds F1 Restricted Income Funds F2 Unrestricted Funds F3 Total Charity Funds |
Unrestricted Funds Restricted Funds Endowment Funds Total 1,147,498 - - 1,147,498 1,147,498 - - 1,147,498 8,778 1,023 - 9,801 43,576 24,526 10,000 78,102 52,354 25,549 10,000 87,903 15,265 - - 15,265 37,089 25,549 10,000 72,638 1,184,587 25,549 10,000 1,220,136 5,467 - - 5,467 - - - - 1,179,120 25,549 10,000 1,214,669 10,000 25,549 1,179,120 1,214,669 2021 |
2020 Total 1,175,456 1,175,456 8,924 76,766 85,690 14,259 71,431 1,246,887 17,466 - 1,229,421 10,000 25,524 1,193,898 1,229,422 |
|---|---|---|
Approved by the Parochial Church Council on 2022
Revd April Beckerleg (PCC Chair)
Jane Olney (Churchwarden)
Wendy Neale (Churchwarden)
Julia Jones (Co-Churchwarden)
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EARLEY ST NICOLAS
Cashflow Statement as at 31st December 2021
| All figures in £ | Note | 2021 | 2020 |
|---|---|---|---|
| Cash Flows from Operating Activities: | |||
| Net Cash provided by (used) Operating Activities | I1 | 13,508 | 30,729 |
| Cash Flows from Investing Activities | |||
| Dividends, interest and rents from investments | 27 | 140 | |
| Proceeds from the sale of Property, Plant & Equipment | - | - | |
| Purchase of Property, Plant & Equipment | - | (1,550) | |
| Proceeds from Sale of Investments | - | - | |
| Net Cash provided by (used in) Investing Activities | 27 | (1,410) | |
| Cash Flows from Financing Activities | |||
| Repayments of Borrowing from Diocese | (12,199) | (13,032) | |
| Net Cash Provided by (used in) Financing Activities | (12,199) | (13,032) | |
| Change in Cash & Cash Equivalents in the Period | 1,336 | 16,287 | |
| Cash at the Beginning of the Reporting Period | I2 | 76,766 | 60,479 |
| Cash at the End of the Reporting Period | I2 | 78,102 | 76,766 |
| I1: Reconciliation of Net Income/(Expenditure) to Net Cash | Flow from | Operating Activities | |
| All figures in £ | 2021 | 2020 | |
| Net Income/(Expenditure) for the Reporting Period (as per the Statement of Financial Activities) |
(14,753) | (528) | |
| Adjustments for: | |||
| Depreciation Charges | 27,958 | 27,958 | |
| Dividends, Interest and Rents from Investments | (27) | (140) | |
| Loss/(Profit) on the Sale/Disposal of Fixed Assets | - | - | |
| (Increase)/Decrease in Debtors | (877) | 9,580 | |
| Increase/(Decrease) in Creditors | 1,207 | (6,141) | |
| Net Cash Provided by (used in) Operating Activities | 13,508 | 30,729 | |
| I2: Analysis of Cash & Cash Equivalents | |||
| All figures in £ | 2021 | 2020 | |
| Cash in Hand | 78,102 | 76,766 | |
| Total Cash & Cash Equivalents | 78,102 | 76,766 |
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EARLEY ST NICOLAS
Notes to the Accounts for the year ended 31st December 2021
1. Accounting Policies
1.01. Basis of preparation and assessment of going concern
The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The financial statements have been prepared in accordance with the Statement of Recommended Practice: 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) issued in October 2019; the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102.
The PCC consider that there are no material uncertainties about the church's ability to continue as a going concern. Income from hall lettings has recovered well from the pandemic.
1.02. Funds structure
In 2013, the Vicar and Churchwardens received a bequest from Pat Dummer for £1m which was held as an expendable endowment fund. The trustees decided to use the bequest to fund the building of the St Nicolas Centre, an exciting replacement for the ageing hall building. The Endowment was fully consumed in 2018.
The PCC has a second endowment, the Amos Sharp Fund, which can be used to purchase fixed assets for the Church. The capital sum of the endowment must be maintained in the long-term at the value of £10k.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor or trust deed. The main restricted funds are the St Nicolas Centre Fund, the Church Repair Fund and the Sue Watson Memorial Fund which is to be used to purchase items visible in the church.
Unrestricted income funds comprise those funds which the PCC are free to use for any purpose in furtherance of the charitable objects. Unrestricted funds include designated funds where the PCC, at their discretion, have created a fund for a specific purpose.
Further details of each fund are disclosed in notes F1 to F3.
1.03. Income recognition
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Planned giving, collections and donations are recognised when received. Tax refunds are recognised when the income to which they relate is received.
Legacies are accounted for when the PCC is legally entitled to the amounts due. Entitlement is taken as the earlier of the date on which either: the church is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) that a distribution will be made or when a distribution is received from the estate. Investment income is accounted for when receivable.
All other income is recognised when it is receivable. All income is accounted for gross.
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EARLEY ST NICOLAS
Notes to the Accounts for the year ended 31st December 2021 (continued)
1.05. Expenditure recognition
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 settlement will be required and the amount of the obligation can be measured reliably.
All expenditure is accounted for on an accruals basis.
Parish Share is accounted for when due to be paid.
Grants payable are payments made to third parties in the furtherance of the charitable objects. In the case of an unconditional grant offer this is accrued once the recipient has been notified of the grant award. The notification gives the recipient a reasonable expectation that they will receive the one-year or multi-year grant. Grants awards that are subject to the recipient fulfilling performance conditions are only accrued when the recipient has been notified of the grant and any remaining unfulfilled condition attaching to that grant is outside of the control of the Trust.
1.06. Irrecoverable VAT
Irrecoverable VAT is charged against the expenditure heading for which it was incurred.
1.07. Costs of raising funds
The costs of raising funds include any direct costs attributable to fundraising events or fundraising activities.
1.08. Charitable activities
Charitable activities include the cost of the Parish share, staffing the Parish Office, maintaining and heating the church and the halls and providing church services.
1.09. Tangible fixed assets and depreciation
In so far as consecrated and benefice property of any kind is excluded from the statutory definition of "charity" by Section 10(2) (a) and (c) of the Charities Act 2011 such assets are not capitalised in the financial statements.
All assets costing more than £500 are capitalised and valued at historical cost.
Depreciation is charged on assets on a straight-line basis over their estimated useful life as follows: o Furniture, fixtures, fittings and equipment: 5 years
o Improvements to the Fabric of Buildings: 8 Years o Church Hall: 50 years
1.10. Pensions
The charity participates in a defined contribution pensions scheme, administered by Nest. Contributions in respect of this scheme are charged to the Statement of Financial Activities for the year in which they are payable. Timing differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments at the year end.
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EARLEY ST NICOLAS
Notes to the Accounts for the year ended 31st December 2021 (continued)
| A1: Donations & Legacies All figures in £ Income from Standing Orders Donations to the Plate Other Donations Donations given via CAF Grants A1.1 Gift Aid Recovered Total Income from Donations & Legacies A1.1: Grant income All figures in £ Furlough Grant Other grants Total Grant income A2: Charitable Activities All figures in £ Church Fees Servery income Miscellaneous Total Income from Charitable Activities A3: Other Trading Activities All figures in £ Fundraising Events Fundraising Activities Income from Renting the Centre and Church Income from services to Centre Hirers Total Income from Other Trading Activities A4: Investments All figures in £ Bank Interest Total Income from Investments |
Unrestricted Funds Restricted Funds Endowment Funds Total 65,257 7,700 - 72,957 212 - - 212 816 580 - 1,396 3,971 - 3,971 - - - - 14,718 1,811 - 16,529 84,974 10,091 - 95,065 Unrestricted Funds Restricted Funds Endowment Funds Total - - - - - - - - - - - - Unrestricted Funds Restricted Funds Endowment Funds Total 593 - - 593 270 - - 270 254 - - 254 1,117 - - 1,117 Unrestricted Funds Restricted Funds Endowment Funds Total 866 - - 866 - - - - 33,978 - - 33,978 1,656 - - 1,656 36,500 - - 36,500 Unrestricted Funds Restricted Funds Endowment Funds Total 27 - - 27 27 - - 27 2021 2021 2021 2021 2021 |
2020 Total 78,450 559 21,901 3,010 9,652 20,487 134,059 2020 Total 9,652 - 9,652 2020 Total 1,272 378 1,521 3,171 2020 Total 30 20 21,133 830 22,013 2020 Total 140 140 |
|---|---|---|
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EARLEY ST NICOLAS
Notes to the Accounts for the year ended 31st December 2021 (continued)
| B1: Raising Funds All figures in £ Events Total Expenditure on Raising Funds B2: Charitable Activities All figures in £ Parish Share Staffing Costs Clergy expenses Building & Maintenance - Church and grounds Church Grounds (including car park) Miscellaneous Buildings & Maintenance Total Centre Running Costs Depreciation Cleaning Utilities Repairs and maintenance St Nicolas Centre build costs Legal & professional fees Advertising Centre Expenditure Total Church Running Costs Cleaning and refuse Utilities Insurance (including Centre insurance) Photocopier Other office costs Telephone and IT costs Bank Charges Servery and catering costs Depreciation Church Running Costs Total Subtotal carried forward |
Unrestricted Funds Restricted Funds Endowment Funds Total - - - - - - - - Unrestricted Funds Restricted Funds Endowment Funds Total 60,277 - - 60,277 19,138 - - 19,138 25 - - 25 510 - - 510 994 100 - 1,094 - - - - 1,504 100 - 1,604 24,450 - - 24,450 5,231 - - 5,231 6,376 - - 6,376 2,947 - - 2,947 - 786 - 786 - - - - 22 - - 22 39,026 786 - 39,812 2,195 - - 2,195 2,943 - - 2,943 3,038 - - 3,038 3,591 - - 3,591 1,017 - 1,017 2,346 - 2,346 98 - - 98 424 - - 424 3,508 - - 3,508 19,160 - - 19,160 139,130 886 - 140,016 2021 2021 |
2020 Total - - 2020 Total 64,158 26,860 530 676 968 - 1,644 24,450 3,400 6,104 2,505 2,340 1,056 49 39,904 1,644 3,438 3,370 3,300 1,549 4,575 97 273 3,508 21,754 154,850 |
|---|---|---|
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EARLEY ST NICOLAS Notes to the Accounts for the year ended 31st December 2021 (continued)
| B2: Charitable Activities (cont'd) All figures in £ Subtotal brought forward Church Service Costs Altar Requisites Flowers Licences Music costs including organ tuning Miscellaneous Church Service Costs Total Grants / Outward Giving B3 Loan interest Church Groups Total Expenditure on Charitable Activities B3: Grants / Outward Giving All figures in £ Christian Aid RE Inspired Embrace Middle East Royal Berkshire Hospital Bishop's Fund Home4Good Woodley Foodbank CIRDIC Other Costs Total C1: Tangible Assets Cost At beginning of the year Additions Disposals At the end of the year Depreciation At beginning of the year Disposals Depreciation At the end of the year Net Book Value at beginning of the year Net Book Value at end of the year |
Unrestricted Funds Restricted Funds Endowment Funds Total 139,130 886 - 140,016 601 - - 601 454 63 - 517 682 682 1,163 - - 1,163 641 - - 641 3,541 63 - 3,604 2,649 230 - 2,879 437 - - 437 74 452 - 526 145,831 1,631 - 147,462 Unrestricted Funds Restricted Funds Endowment Funds Total 284 284 1,740 1,740 144 144 10 10 169 10 179 - 220 220 151 151 151 - - 151 2,649 230 - 2,879 33,505 21,735 - 2021 92,352 - 2021 Fixtures, Fittings and Equipment £ 33,505 - - 1,256,038 24,450 - 3,508 25,243 1,256,038 8,262 1,139,236 116,802 1,163,686 Freehold Land and Buildings £ - 11,770 |
2020 Total 154,850 373 152 674 513 299 2,011 1,918 672 460 159,911 2020 Total 24 1,740 144 10 - 1,918 Total £ 1,289,543 - - 1,289,543 114,087 - 27,958 142,045 1,175,456 1,147,498 |
|---|---|---|
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EARLEY ST NICOLAS
Notes to the Accounts for the year ended 31st December 2021 (continued)
| D1: Debtors All figures in £ Prepayments and Accrued Income Gift Aid Claim Prepayments Other Debtors Debtors for hall hire Parish Share Rebate Other debtors Debtors Total D2: Cash at Bank and in Hand All figures in £ HSBC Current Accounts CCLA Deposit Account Cash in Hand Cash at Bank and in Hand Total E1: Creditors, Amounts falling due within one year All figures in £ Trade Creditors Short-Term Repayment of Diocese Loan Other Creditors Service Fees Other accruals Deferred income Creditors (within one year) Total E2: Creditors, Amounts falling due after one year All figures in £ Loan Repayable to Diocese after one year Creditors (after one year) Total |
Unrestricted Funds Restricted Funds Endowment Funds Total 2,831 1,023 - 3,854 2,914 - - 2,914 1,150 - - 1,150 1,883 - - 1,883 - - - - 8,778 1,023 - 9,801 Unrestricted Funds Restricted Funds Endowment Funds Total 22,858 22,858 20,718 24,526 10,000 55,244 - - 43,576 24,526 10,000 78,102 Unrestricted Funds Restricted Funds Endowment Funds Total 2,838 - - 2,838 12,000 - - 12,000 427 - - 427 - - - - - - - - 15,265 - - 15,265 Unrestricted Funds Restricted Funds Endowment Funds Total 5,467 - - 5,467 5,467 - - 5,467 2021 2021 2021 2021 |
2020 Total 4,970 297 160 3,497 - 8,924 2020 Total 25,550 51,216 - 76,766 2020 Total 1,936 12,201 - 122 - 14,259 2020 Total 17,466 17,466 |
|---|---|---|
The loan was originally for £100,000 from the Oxford Diocesan Board of Finance and was used to help finance the building of the St Nicolas Centre. At 31st December 2021, £17,467 remained outstanding which is split between creditors falling due within one year and after one year. The final repayment is due in June 2023.
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EARLEY ST NICOLAS Notes to the Accounts for the year ended 31st December 2021 (continued)
E3: Contingent Liability
The Church owes £10,000 plus VAT in retentions under the contract for the building of the St Nicolas Centre. However, the builders did not complete the snagging and they have since gone into liquidation so this sum is being disputed. In early March 2021, the church instructed consultants to handle this matter and negotiations are still ongoing.
No accrual has been made for this sum as it is uncertain as to how much, if any, will actually become due. There remains a balance of £12,879 in the St Nicolas Centre restricted fund which should cover any amount which might finally become due.
F1: Endowment Funds
| All figures in £ | Opening Balance |
Income |
Expenditure | Transfers | Closing Balance |
|
|---|---|---|---|---|---|---|
| Amos Sharp Fund | F1.1 | 10,000 | - | - | - | 10,000 |
| Total Endowment Funds | 10,000 | - | - | - | 10,000 | |
| F1.1. The capital may be used to purchase fixed assets but must be rebuilt to £10,000. Any interest earned is transferred | into | |||||
| general funds. | ||||||
| F2: Restricted Income Funds | ||||||
| All figures in £ | Opening Balance |
Income |
Expenditure | Transfers | Closing Balance |
|
| Sue Watson Memorial Fund | F2.1 | 1,833 | - | - | - | 1,833 |
| Loan fund | F2.2 | - | 8,345 | - | (8,345) | - |
| Memory café | F2.3 | 212 | - | (13) | - | 199 |
| Other restricted items | F2.4 | - | 250 | (230) | 20 | |
| Flower fund | F2.5 | - | 153 | (63) | (90) | - |
| St Nicolas Centre | F2.6 | 13,110 | 555 | (786) | - | 12,879 |
| Youth fund | F2.7 | 369 | 563 | (439) | - | 493 |
| Gardens and Grounds fund | F2.8 | - | 225 | (100) | - | 125 |
| Church repair fund | F2.9 | 10,000 | - | - | - | 10,000 |
| Total Restricted Income Funds | 25,524 | 10,091 | (1,631) | (8,435) | 25,549 | |
| F2.1. Fund to purchase items visible in the Church. | F2.6. Fund to build new St Nicolas Centre | |||||
| F2.2. Fund for donations for the repayment of the Diocesan Loan | F2.7. Fund for donations towards youth work | |||||
| F2.3. Fund for donations to the Memory Café | F2.8. Fund for work in gardens and grounds | |||||
| F2.4. Fund for small restricted donations | F2.9. Fund for donations for repairs to the church | |||||
| F2.5. Fund for donations for flowers for the church |
F3: Unrestricted Funds
| All figures in £ General Fund Designated Fixed Assets reserve F3.1 Major Repairs Fund F3.2 Total Designated Funds Total Unrestricted Funds |
Opening Balance Income Expenditure Transfers Closing Balance 8,302 122,591 (117,873) 4,435 17,455 1,175,456 - (27,958) 1,147,498 10,140 27 - 4,000 14,167 1,185,596 27 (27,958) 4,000 1,161,665 1,193,898 122,618 (145,831) 8,435 1,179,120 |
|---|---|
F3.1 Fixed asset reserve: amounts put aside by the PCC to fund the fixed assets of the church.
Page 16 of 18
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EARLEY ST NICOLAS Notes to the Accounts for the year ended 31st December 2021 (continued)
F3.2: Major Repairs Fund
In 2013, the PCC created a designated Major Repairs fund to set aside monies to cover the expected costs of repairs and maintenance to the fabric of the church, the Centre and its grounds. During the year, an additional £4,027 was added to the fund. There is also a Restricted Fund of £10,000 available to be used for repairs to the Church (see note F2.9).
G1: Staffing Costs and Remuneration
| All figures in £ Salaries and Wages Employers NI Pension Costs Total Staffing Costs |
2021 2020 18,644 26,428 - - 494 432 19,138 26,860 |
|---|---|
G2.1. The average number of employees in the year was 1 (2020: 2).
G2.2. No employees received emoluments over £60,000 during the current or prior year.
G2: Trustee and Staff Remuneration, Related Party Transactions, and Other Transactions
Trustee Remuneration
None of the trustees of the charity were paid any remuneration or received any other benefits from an employment with the charity or a related entity.
Trustee Expenses
In 2021, no trustees reclaimed expenses.
Trustee Donations
The total amount of donations received without conditions from trustees in the year was £12,925
Related Party Transactions
None
Audit, Independent Examination and Other Financial Service Fees
There were no audit or independent examination fees paid by the charity in the year.
Page 17 of 18
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EARLEY ST NICOLAS
Notes to the Accounts for the year ended 31st December 2021 (continued)
G3: SOFA for the year ended 31st December 2020
| All figures in £ Note Income and Endowments from: Donations and Legacies A1 Charitable Activities A2 Other Trading Activities A3 Investments A4 Total Income and Endowments Expenditure on: Raising Funds B1 Charitable Activities B2 Other B3 Total Expenditure Net Gains/(Losses) on Investments Net Income/(Expenditure) Transfers between Funds Other Recognised Gains/(Losses) Gains/(Losses) on Revaluation of Fixed Assets Net Movement in Funds Reconciliation of Funds: Total Funds brought forward Total Funds carried forward |
Unrestricted Funds Restricted Funds Endowment Funds Total 106,250 27,809 - 134,059 3,171 - - 3,171 21,993 20 - 22,013 140 - - 140 131,554 27,829 - 159,383 - - - - 157,102 2,809 - 159,911 - - - - 157,102 2,809 - 159,911 - - - - (25,548) 25,020 - (528) 8,804 (8,804) - - - - - (16,744) 16,216 - (528) 1,210,641 9,308 10,000 1,229,949 1,193,897 25,524 10,000 1,229,421 2020 |
|---|---|
Page 18 of 18
Independent examiner's report on the accounts
Section A Independent Examiner’s Report
Report to the trustees/ Charity Name members of St Nicolas Church, Earley PCC On accounts for the year 31 December 2021 Charity no 1138037 ended (if any) Set out on pages 1 & 2 I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31[st] December 2021 . Responsibilities and As the charity's trustees, you are responsible for the preparation of the basis of report 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 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
-
Independent I have completed my examination. I confirm that no material matters have
-
examiner's statement come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
-
the accounting records were not kept in accordance with section 130 of the Charities Act; or
-
the accounts did not accord with the accounting records; or
-
the accounts did 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.
Date: 22[nd] March 2022
Signed: Name: R A Sedgwick Relevant professional FCA. Fellow of the Institute of Chartered Accountants of England and Wales qualification(s) or body (if any): Address: 42 Gloucester Avenue, Shinfield, Reading, RG2 9GA
Oct 2018
1 IER
Section B Disclosure
Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
Give here brief details of any items that the examiner wishes to disclose .
None
Oct 2018
2 IER