Charity number: 1138065 **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SHIPLAKE WITH DUNSDEN** **TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020** ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH O SHIPLAKE WITH DUNSDEN** ## **CONTENTS** ||**Page**| |---|---| |Reference and Administrative Details of the Charity, its Trustees|| |and Advisers|3| |Trustees' Report|4 to 6| |Independent Examiner's Report|7| |Statement of Financial Activities|8| |Balance Sheet|9| |Notes to the Financial Statements|10 to 16| |Details of Funds|17| ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH O SHIPLAKE WITH DUNSDEN** ## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 202** Trustees Mrs R Appleby Mr J Bodman Mr P Chaimbault Mrs J Coulson Mr C Crouch Mr J Flinn Mrs L Glithro Mrs P Hughes Mrs R Jones Mrs W Robinson Revd R S Thewsey Mrs Y Watson Charity registered number 1138065 Principal office Church Office Church Lane Shiplake Henley-on-Thames Oxfordshire RG9 4BS Independent examiner Trefor Llewellyn FCA Hill Farm House Ipsden Oxfordshire OX10 6AD Bankers HSBC 26 Broad Street Reading RG1 2BU 3 ## **Trustees Report for the Year Ended 31st December 2020** 2020 has been a very challenging year due to the Covid 19 Pandemic which has affected all areas society. Both Church buildings were closed for public worship and private prayer which was a ver sad occasion. However, we immediately went on-line for our services so that worship did continu Please look at the reports of the Clergy in the Annual Report for all the activities that took place during this time. The Rectors report is below and contains much of what happened. Finance was severely hit during the first Lock Down with the investments losing over 40% of their value over the course of a week! Thankfully this has now been reversed but this dramatic reduct in the value of the investments resulted in the PCC, regretfully, not paying 100% of the Parish Share as money would have had to be withdrawn from the investments to contribute towards run costs and parish share. ## **Review of Activities - Rectors Annual Report** Dear friends What a year 2020 turned out to be! We, as a clergy team, had planned out the year back in October 2019 with lots of exciting events well as the usual round of services - all was going well until Covid 19 struck!!! However, even though we have had lockdowns during the year, a tremendous amount of work ha been undertaken. Below are some of the highlights: ## **January** The Rector's new PA starts - Leigh Leadbetter - this post has been generously funded by a parishi for three years, and my deepest thanks go to them for allowing Leigh to begin working for the church in this way. Leigh has been a real help during the year, and it will be lovely, once the Pand is over, to show Leigh what we 'normally' do in the church. The start of a Pilgrim course looking at the Lord's Prayer. This course was very much appreciated those who attended. Appointment of Malcolm Harding as the new organist and choir master at Harpsden Church. ## **February** The start of a new Craft Group on a 1st Thursday each month in the afternoon in the Ark - a chanc for parishioners to do crafts, have a cup of tea and have a chat. Sarah ran a course on leading Intercessions. Snowdrop Sunday at Dunsden - what an amazing day that was. Our first Film Night at Dunsden Church - we showed 'The Greatest Showman.' This then led into our lent course which looked at this film. At Shiplake the rewiring and relighting work started with planning of the wiring routes. This work was started and then delayed due to the Pandemic but is now all completed, and the church look absolutely stunning. 4 ## **March - this is when the year started to fall apart!** The clergy team undertook Safeguarding Training on Domestic Abuse. Mothering Sunday!!! Our first Live Streamed service as England entered its first Lockdown due to Global Pandemic. Since then, all our services have been available to everybody via You Tube. Th work has meant that Sarah and I were on a very steep learning curve - trying to understand how Stream services, how to broadcast every single day. By the end of December, we had broadcast services. Sarah and I were exhausted after Lockdown one and therefore reduced our on-line pres to Monday and Friday Morning Prayer and the Eucharist on Wednesday and Sunday - this pattern worship has continued for the rest of the year - and beyond! The Pandemic meant that all meetings then went on-line via Zoom, and I spent the first three wee updating the contact list and distributing the Parishioners to members of the Clergy Team, the Wardens and the Pastoral Visiting Team so that we phoned/contacted every parishioner once a week (or less often if the Parishioner needed less support). A huge thanks needs to go to the Clergy, Wardens and Pastoral Team for the support that they have given to the Benefice over the last year - you are all gifts from God. Thank you. ## **April onwards….** This saw all our services continuing on-line, Sarah and I struggling with Government regulations a we sought to understand what was required of the church during different periods of the year. Sarah and I carried out Health and Safety Audits in all three churches and the Church Rooms to ensure that we were Covid secure and seating in the churches was limited to ensure social distan could take place. Many weddings were sadly cancelled but a few did take place but with very small numbers in attendance. Funerals were many! Sadly, we were not able to celebrate loved ones' lives as we would have wished to do under 'normal' situations. Numbers attending funerals ranged from non with just myself and the undertaker present, to a maximum of just 30 people! The various different Government guidelines saw the church buildings reopened briefly for public worship, but with limited numbers being allowed to attend. We opened for Private Prayer at Dunsden, which was much appreciated, but stopped this when Winter came. The PCCs met jointly to discuss how and what the Benefice could do during the Pandemic and decisions about opening and closing our church buildings were taken jointly as this was, and continues to be, an issue that affects the whole Benefice, and not just an individual church. The joint PCC decided to reclose for Public Worship after Christmas Morning to protect as many people as possible. This was a very wise decision as I had to go into isolation for 10 days after Christmas morning as one of the people attending had tested positive for Covid 19. Late in June saw Pam helping Sarah and I out by kindly taking on the Friday Morning Prayer - Thank You Pam. September saw Colin saying his farewells to the Diocese as he started his retirement in October. September also saw the final agreements to have Shiplake Church redecorated and during the ye Harpsden had new gutters and downspouts installed and agreement was reached to redecorate the church during 2021. Sadly during the year, we have had to say farewell to many loved parishioners: Rosemary Daniels, Jane Gordon, Angela Living, Alan Mitchell, Audrey Robb, and Tom Rosser - may they Rest in Peace and Rise in Glory. 5 Special thanks do have to go this year to Sarah. Sarah has been an absolutely amazing person d the Pandemic and has helped me tremendously in keeping the Benefice going during this very strange year. Thank you, Sarah. The other person to specifically thank is my Matthew who has supported the benefice with his technological expertise, and loan of his broadcasting equipment. We really could not have done what we have done without his support. Thank you, Matthew. I hope, and pray, that you have all been keeping safe and well during this difficult year, and we lo forward to an improved 2021! I also look forward to seeing you face to face during the year and b able to shake your hand and give you a hug. With all God's Blessings Robert s of ry ue. r tion nning , as as oner demic by ce s o the is to 274 sence of eks as cing ne, e s ear y uring )ok being ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH O SHIPLAKE WITH DUNSDEN** Year ending 31 December 2020 ## **INDEPENDENT EXAMINER'S REPORT** ## **To the Managing Trustees** I report to the trustees on my examination of the accounts of The Parochial Church Council of the Ecclesiastical Parish of Shiplake with Dunsden for the year ended 31 December 2020, which are set out on pages 9 to 17. ## **Responsibilities and basis of report** As the charity's trustees, 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 2011 Act and in carrying out my examination, I hav followed all the 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 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 w the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Trefor Llewellyn FCA Hill Farm House Ipsden Oxfordshire OX10 6AD Date: 9th November 2021 ve ith **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SHIPLAKE WITH DUNSDEN** ## **YEAR ENDING 31 DECEMBER 2020** |**STATEMENT OF FINANCIAL ACTIVITIES**
**Notes**
**Total 2020**
**INCOMING RESOURCES**
Donations
7 74,187
0 6,000
0 80,187
Legacies
7 -
0
0
0
0
Charitable activities
8 25,899
0
0
0 25,899
Investments
9 3,403
0 833 2,199 6,435
**Total incoming resources**
103,489
0 6,833 2,199 112,521
**RESOURCES EXPENDED**
Raising funds
10 100,677
0 1,000
0 101,677
Charitable activities
11 62,653
0 3,335
0 65,988
**Total resources expended**
163,330
0 4,335
0 167,665
**NET INCOMING (OUTGOING) RESOURCES**
**(59,841)**
2,498 2,199
**(55,144)**
Unrealised gain(loss) on investments
15
**(20,284)**
0 1,856
**(8,499)**
**(26,927)**
**NET MOVEMENT IN FUNDS**
**(80,125)**
0 4,354
**(6,300)**
**(82,071)**
**Balances brought forward at 1 January 2020**
**_59,161 470,260 290,618 70,780 890,819_**
**BALANCES CARRIED FORWARD AT 31 December 2020**
**(20,964) 470,260 294,972 64,480 808,748**
**Unrestricted**
**funds**
**£**
**Designated**
**funds**
**£**
**Restricted**
**funds**
**£**
**Endowment**
**funds**
**£**|**Notes**|**Unrestricted**
**funds**
**£**|
**Designated**
**funds**
**£**|
**Restricted**
**funds**
**£**|**Endowment**
**funds**
**£**|**Total 2020**
| |---|---|---|---|---|---|---| |||**(80,125)**
0 4,354
**(6,300)**
**(82,071)**||||| |||||||| |||**_59,161 470,260 290,618 70,780 890,819_**||||| |||||||| |||**(20,964) 470,260 294,972 64,480 808,748**||||| _**Total 2019**_ _105,804_ _0_ _25,688 6,911_ ## **138,403** _101,782_ _78,742_ **180,524** **(42,121)** _71,126_ **29,005** ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SHIPLAKE WITH DUNSDEN** |**YEAR ENDING 31 DECEMBER 2020**
**BALANCE SHEET**
**Notes**
**£**
**ASSETS**
**Fixed assets**
Tangible assets
13
Heritage assets
14
Investments
15
Balance at 31 December
**Current assets**
Other debtors/prepayments
16 8,527
Cash & bank
39,077
Total
47,604
**Current liabilities**
Accruals and deferred income
17 6,257
**Net current assets**
**Total net assets**
**CHARITABLE FUNDS**
Endowment funds
Restricted funds
Unrestricted/Designated funds
**These accounts were approved by the Board of Trustees on**
9th November 2021
Revd R Thewsey|**YEAR ENDING 31 DECEMBER 2020**
**BALANCE SHEET**
**Notes**
**£**
**ASSETS**
**Fixed assets**
Tangible assets
13
Heritage assets
14
Investments
15
Balance at 31 December
**Current assets**
Other debtors/prepayments
16 8,527
Cash & bank
39,077
Total
47,604
**Current liabilities**
Accruals and deferred income
17 6,257
**Net current assets**
**Total net assets**
**CHARITABLE FUNDS**
Endowment funds
Restricted funds
Unrestricted/Designated funds
**These accounts were approved by the Board of Trustees on**
9th November 2021
Revd R Thewsey|**YEAR ENDING 31 DECEMBER 2020**
**BALANCE SHEET**
**Notes**
**£**
**ASSETS**
**Fixed assets**
Tangible assets
13
Heritage assets
14
Investments
15
Balance at 31 December
**Current assets**
Other debtors/prepayments
16 8,527
Cash & bank
39,077
Total
47,604
**Current liabilities**
Accruals and deferred income
17 6,257
**Net current assets**
**Total net assets**
**CHARITABLE FUNDS**
Endowment funds
Restricted funds
Unrestricted/Designated funds
**These accounts were approved by the Board of Trustees on**
9th November 2021
Revd R Thewsey|**YEAR ENDING 31 DECEMBER 2020**
**BALANCE SHEET**
**Notes**
**£**
**ASSETS**
**Fixed assets**
Tangible assets
13
Heritage assets
14
Investments
15
Balance at 31 December
**Current assets**
Other debtors/prepayments
16 8,527
Cash & bank
39,077
Total
47,604
**Current liabilities**
Accruals and deferred income
17 6,257
**Net current assets**
**Total net assets**
**CHARITABLE FUNDS**
Endowment funds
Restricted funds
Unrestricted/Designated funds
**These accounts were approved by the Board of Trustees on**
9th November 2021
Revd R Thewsey||| |---|---|---|---|---|---| |||||**2020**
**£**|| |||**Notes**|**£**||**£**| |||||-
250,000
517,401|_19,271_
_83,706_| |||||767,401




_41,347_|| ||||||**_###_**| ||||||| ||||||| 9 **2019 £** _- 250,000 543,677_ _**793,677**_ _97,142_ ## _**890,819**_ _70,780 290,618 529,421_ ## _**890,819**_ **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SHIPLAKE WITH DUNSDEN** ## **YEAR ENDING 31 DECEMBER2020** ## **NOTES ON THE ACCOUNTS** ## 1 **ACCOUNTING POLICIES** ## **Summary of significant accounting policies and key accounting estimates** The principal accounting policies applied in the preparation of these financial statement are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. ## **Statement of compliance** The financial statements 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 Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). The Parochial Church Council of The Ecclesiastical Parish of Shiplake With Dunsden meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. ## **Going concern** The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity. ## **Heritage asset** The heritage asset is the freehold land and buildings comprising the Church Hall which was conveyed to the Parochial Church Council from the Diocese in 1977. Accordingly, on the advice of the Diocesan Board of Finance it is considered appropriate to use an estimated market value of £250,000 as indicated by the Diocesan Board of Finance at that time. ## **Tangible fixed assets** All assets costing more than £1,000 are capitalised. Individual fixed assets are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. ## **Depreciation and amortisation** Depreciation is provided on tangible fixed asset so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows: Computer equipment - 33.3% straight line 10 **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SHIPLAKE WITH DUNSDEN** ## **YEAR ENDING 31 DECEMBER2020** ## **NOTES ON THE ACCOUNTS** ## **Debtors** Debtors are recognised at the transaction price less provision for impairment. A provision for the debtors is established when there is objective evidence that the charity will not be able to collect according to the original terms of the receivables. ## **Cash and cash equivalents** Cash and cash equivalents comprise cash on hand and other short-term highly liquid investments convertible to a known amount of cash and are subject to an insignificant risk of change in value. ## **Creditors** Trade creditors are recognised initially at the transaction price. ## **Financial instruments** ## _**Classification**_ Financial assets and financial liabilities are recognised when the charity becomes a party to the co provisions of the instrument. ## _**Recognition and measurement**_ All financial assets and liabilities are initially measured at transaction price (including transaction c ## _**Fair value measurement**_ The best evidence of fair value is a quoted price for an idential asset in an active market. When q unavailable, the price of a recent transaction for an identical asset provides evidence of fair value has not been a significant change in economic circumstances or a significant lapse of time since th took place. ## **2 STAFF NUMBERS** The average number of persons employed by the charity during the year is 0 (2019 - 0). ## **3 STAFF BANDING** No employees received employee benefits of more than £60,000. ## **4 TRUSTEE REMUNERATION AND BENEFITS** None of the trustees has been paid any remuneration or received any other benefits from an emp charity. ## **5 TRUSTEE EXPENSES** The Rector, who is also a Trustee, received reimbursement of expenses of £7,320 (2019: £11,926 There were no reimbursements to other Trustees (2019: £313). ## **6 RELATED PARTY TRANSACTIONS** There were no related party transactions in the reporting period. 11 impairment of all amounts due that are readily ontractual costs). quoted prices are as long as there he transaction loyment with the 6). **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SHIPLAKE WITH DUNSDEN** ## **YEAR ENDING 31 DECEMBER 2020** ## **NOTES ON THE ACCOUNTS (CONTINUED)** |**TES ON THE ACCOUNTS (CONTINUED)**|||||| |---|---|---|---|---|---| |**7 INCOME FROM DONATIONS AND LEGACIES**
Gift aid - bank
Gift aid - envelopes
Gift aid - Parish Giving Scheme
Tax recoverable on Gift aid
Loose plate collections and other planned giving
Appeals and donations
Dunsden re-decoration
Shiplake lighting fund
Harpsden Share Benef. Admin. Costs
**8 CHARITABLE ACTIVITIES INCOME**
Fundraising events
Book sales
Church hall income
Fees for weddings and funerals
Shiplake College Donations
Shiplake choir fund
**9 INVESTMENT INCOME**
Bank Deposit Interest
Dividends|**Unrestricted**
**funds**
**£**|
**Restricted**
**funds**
**£**|**Endowment**
**funds**
**£**|
**Total**
**2020**|**_Total_**
**_2019_**| ||10,043
0
0 10,043_22,719_
579
0
0 579_3,817_
22,275
0
0 22,275_15,840_
10,544
0
0 10,544_19,112_
1,915
0
0 1,915_5,006_
23,159 6,000
0 29,159_7,023_
387
0
0 387_29,287_
0
0
0 -_3,000_
5,285
0
0 5,285
0||||| ||74,187 6,000
0 80,187**105,804**||||| ||||||| ||**Unrestricted**
**funds**
**£**|
**Restricted**
**funds**
**£**|**Endowment**
**funds**
**£**|
**Total**
**2020**|**_Total_**
**_2019_**| ||2,341
0
0 2,341_641_
0
0
0
0
_0_
0
0
0
0_6,672_
12,880
0
0 12,880_7,875_
10,679
0
0 10,679_10,500_
0
0
0
0
_0_||||| ||25,899
0
0 25,899**25,688**||||| ||||||| ||**Unrestricted**
**funds**
**£**|
**Restricted**
**funds**
**£**|**Endowment**
**funds**
**£**|
**Total**
**2020**|**_Total_**
**_2019_**| ||1,802
0
0 1,802_203_
1,601 833 2,199 4,633_6,708_||||| ||3,403 833 2,199 6,435**6,911**||||| 12 **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SHIPLAKE WITH DUNSDEN** ## **YEAR ENDING 31 DECEMBER2020** |**NOTES ON THE ACCOUNTS (CONTINUED)**
**10 COSTS OF RAISING FUNDS**
Light, heat, water and cleaning
Security, fre and safety
Insurances - churches
Property maintenance - Shiplake
Property maintenance - Dunsden
Organist fees and expenses
Upkeep of services
Churchyard maintenance - Dunsden
Church hall running costs
Flowers
Cost of fundraising events
Depreciation|**Unrestricted**
**funds**
**£**|
**Designated**
**funds**
**£**|
**Restricted**
**funds**
**£**|

**Endowment**
**funds**
**£**|
**Total**
**2020**|**_Total_**
**_2019_**| |---|---|---|---|---|---|---| ||8,370
0
0
0 8,370_8,366_
672
0
0
0 672_1,330_
2,678
0
0
0 2,678_7,256_
74,919
0
0
0 74,919_32,042_
7,169
0
1,000
0 8,169_34,272_
3,464
0
0
0 3,464_6,132_
1,805
0
0
0 1,805_1,921_
1,550
0
0
0 1,550_1,160_
0
0
0
0
0_7,639_
50
0
0
0 50_190_
0
0
0
0
0 _26_
0
0
0
0
0 _1,448_|||||| ||100,677
0
1,000
0 101,677
**###**|||||| |**11 EXPENDITURE ON CHARITABLE ACTIVITIES**
Giving to agreed charities
Parish share
Parish share weddings and funerals
Working expenses of Clergy Team
Benefce ofce costs (share of)
Benefce ofce support
Accounting services
Admin, post, printing and stationery
Recruitment costs
Henley Deanery Synod Levy
Legal and professional fees
Advertising costs
Mission and Training|**Unrestricted**
**funds**
**£**|
**Designated**
**funds**
**£**|
**Restricted**
**funds**
**£**|

**Endowment**
**funds**
**£**|
**Total**
**2020**|**_Total_**
**_2019_**| |---|---|---|---|---|---|---| ||456
0
0
0 456_736_
24,013
0
0
0 24,013_55,633_
4,956
0
0
0 4,956
_0_
23,149
0
0
0 23,149_15,694_
869
0 166
0 1,035
_0_
6,045
0 3,169
0 9,213
_0_
1,034
0
0
0 1,034_2,220_
1,569
0
0
0 1,569_3,541_
0
0
0
0
0
_0_
0
0
0
0
0_634_
150
0
0
0 150
_0_
0
0
0
0
0_284_
412
0
0
0 412
_0_|||||| ||62,653
0 3,335
0 65,988**78,742**|||||| ## **12 INDEPENDENT EXAMINER FEES** The Independent Examiner has not charged a fee for which the PCC is very grateful. (£350 - 2019 charge) 13 **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SHIPLAKE WITH DUNSDEN** ## **YEAR ENDING 31 DECEMB2020** ## **NOTES ON THE ACCOUNTS (CONTINUED)** |**13 FIXED ASSETS**
Cost at 1 January 2020
Additions in the year
Cost at 31 December 2020
Depreciation at 1 January 2020
Charge for the year
Depreciation at 31 December 2020
Net book value at 31 December 2020
Net book value at 31 December 2019
**14 HERITAGE ASSETS**
Estimated Market value at 1 January 2020
Additions in the year
Revaluation in the year
Market value at 31 December 2020
**15 INVESTMENTS**
Market value at 1 January 2020
Additions in the year
Revaluation in the year
Market value at 31 December 2020
**16 DEBTORS/PREPAYMENTS**
8,527
**17 CREDITORS**
Accruals and deferred income
6,527
**2020**
**£**
(£3,873 is owed by Harpsden PCC to Shiplake & Dunsden
-benefce costs [Debtors 2]; £4,654 is prepayment of 2020/21
Insurance Premium)
**2020**
**£**|**Computer**
**Equipment**
**£**|
**Total**
**£**| |---|---|---| ||5,213
5,213
0
0|| ||5,213
5,213|| ||5,213
5,213
0
0|| ||0
0|| ||0
0|| ||0
0|| |||| ||**Heritage**
**Asset**
**£**|
**Total**
**£**| ||250,000 250,000
0
0
0
0|| ||250,000 250,000|| |||| ||**Listed**
**Securities**
**£**|**Total**
**£**| ||543,677 543,677
651
651
**(26,927) (26,927)**|| ||517,401 517,401|| ||
19,271

5,835

**2019**
**£**

**2019**
**£**|| 14 **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SHIPLAKE WITH DUNSDEN** ## **YEAR ENDING 31 DECEMBER 2020** ## **NOTES ON THE ACCOUNTS (CONTINUED)** ## **18 STATEMENT OF FUNDS** |**STATEMENT OF FUNDS**||||||| |---|---|---|---|---|---|---| |**Designated funds**
M White fund
Choir fund
**General funds**
General fund
**Total unrestricted funds**
**Endowment funds**
Endowment funds
**Restricted funds**
Fabric
Dunsden
Doble fund
Rector's discretion
Choir fund
Parish nurse
Church room
Prance memorial fund
**Total Endowment & Restricted Funds**
**Total of funds**
**Designated funds**
M White fund
Choir fund
**General funds**
General fund
**Total unrestricted funds**
**Endowment funds**
Endowment funds
**Restricted funds**
Fabric
Shiplake Decoration
Dunsden
Doble fund
Rector's discretion
Choir fund
Parish nurse
Church room
Prance memorial fund
**Total Endowment & Restricted Funds**
**Total of funds**|**2020**
**Opening**
**£**|
**2020**
**Income**
**£**|
**2020**
**Expense £**|
**Transfer in/**
**(out) £**|**Gains/**
**(losses)**
**£**|
**2020**
**Closing**
**£**| ||380,260
0
0
0
0 380,260
90,000
0
0
0
0 90,000|||||| ||470,260
0
0
0
0 470,260
59,161 103,489
**(163,330)**
0 **(20,284)**
**(20,964)**|||||| ||529,421 103,489
**(163,330)**
0 **(20,284)** 449,296|||||| ||70,780
2199
0
0
**(8,499)** 64,480
28,553 6,833
**(3,635)**
0
0 31,751
7,386
0
0
0 1,856 9,242
2,000
0
0
0
0 2,000
1
0
0
0
0 1
418
0
0
0
0 418
1,560
0
0
0
0 1,560
250,000
0
0
0
0 250,000
700
0
**(700)**
0
0 -|||||| ||361,398 9,032
**(4,335)**
0
**(6,643)** 359,452|||||| ||890,819 112,521
**(167,665)** -**(26,927)** 808,748|||||| |||||||| ||**2019**
**Opening**
**£**|
**2019**
**Income**
**£**|
**2019**
**Expense £**|
**Transfer in/**
**(out) £**|**Gains/**
**(losses)**
**£**|
**2019**
**Closing**
**£**| ||400,000
0
**(19,740)**400,000
0 380,260
90,000
0 - 90,000
0 90,000|||||| ||490,000
0
**(19,740)**490,000
0 470,260
25,447 102,407
**(127,663)**
0 58,970 59,161|||||| ||515,447 102,407
**(147,403)**490,000 58,970 529,421|||||| ||63,010 2,725
**(2,725)**
0 7,770 70,780
28,378 175
0
0
0 28,553
0 3,000
**(3,000)**
0
0 -
0 30,096
**(30,096)**
0 7,386 7,386
2,000
0
0
0
0 2,000
1
0
0
0
0 1
418
0
0
0
0 418
1,560
0
0
0
0 1,560
250,000
0
0
0
0 250,000
1,000
0
**(300)**
0
0 700|||||| ||346,367 35,996
**(36,121)**
0 15,156 361,398|||||| ||861,814 138,403
**(183,524)**490,000 74,126 890,819|||||| 15 **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SHIPLAKE WITH DUNSDEN** ## **YEAR ENDING 31 DECEMBER 2020** ## **NOTES ON THE ACCOUNTS (CONTINUED)** ## **Endowment funds** In 2018 the Trustees decided to transfer the total amount of the Palmer and Rampton Endowment Funds into the Dunsden Fabric Restricted Fund to cover the major expenditure undertaken on improvements to the church fabric. The underlying investments have been retained and future income will be available for the maintenance of Dunsden church. The Shiplake Lands Charity requires income to be spent equally between maintenance of the bulding and other. (In Details of Funds also for clarity) ## **Shiplake churchyard** Shiplake churchyard maintenance is carried out by a separate trust fund not governed by the PCC. ## **Fabric fund** The fabric fund is restricted to use for the maintenance of or improvements to Shiplake Church buildings. As work on the Sunday Club building is now complete the deficit on the fund set up to finance the cost has been transferred to the fabric fund. ## **Dunsden** The Dunsden restricted funds are restricted to spending only for the benefit of All Saints Church, Dunsden and in accordance with any wishes expressed by donors of the funds, or their families. ## **Parish nurse** During 2013 funding was obtained from various donors to enable the PCC to establish a part-time parish nurse to provide any nursing support to parishioners. ## **Designated funds** Designated funds represent amounts set aside by trustees for particular future purposes. Trustees continue to keep designated funds under review and the designated use of some funds may change if circumstances change. In 2018 the trustees decided to establish two new Designated Funds totalling £490,000 to ensure that the Marjorie White legacy is spent only on major projects appropriate to the future development of Shiplake church. ## **19 ANALYSIS OF NET ASSETS BETWEEN FUNDS** |Tangible fxed assets
Fixed asset investments
Heritage assets
Current assets
Creditors due within one year
Tangible fxed assets
Fixed asset investments
Heritage assets
Current assets
Creditors due within one year|**2020**|**2020**|**2020**|**2020**| |---|---|---|---|---| ||**Unrestricted**
**funds**
**£**|
**Restricted**
**funds**
**£**|
**Endowmen**
**t funds**
**£**|
**Total**
**£**| ||0
0
0
0
443,679 9,242 64,480 517,401
0 250,000
0 250,000
11,874 35,730
0 47,604
**(6,257)**
**0**
**0**
**(6,257)**|||| ||**449,296**
**### 64,480**
**###**|||| ||**2019**|||| ||**Unrestricted**
**funds**
**£**|
**Restricted**
**funds**
**£**|
**Endowmen**
**t funds**
**£**|
**Total**
**£**| ||0
0
0
0
468,511 4,386 70,780 543,677
0 250,000
0 250,000
66,745 36,232
0 102,977
**(5,835)**
0
0
**(5,835)**|||| ||**529,421**
**### 70,780**
**###**|||| 16