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 2021
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 5 |
| Independent Examiner's Report | 6 |
| Investments Schedule | 7 |
| Statement of Financial Activities | 8 |
| Balance Sheet | 9 |
| Notes to the Financial Statements | 10 to 15 |
| Reserves | 16 |
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
Bankers
HSBC 26 Broad Street Reading RG1 2BU
3
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SHIPLAKE WITH DUNSDEN YEAR ENDING 31 DECEMBER 2021
TRUSTEES' REPORT
Dear Friends,
What a year 2021 has been , and I am sure, like me you are very happy to see the back of it with Covid restrictions ad inconveniences in our daily lives that these restrictions caused. However, throughout all of 2021 we crried on providing services, both on-line and then face to face, pastora care, funerals, baptisms and the occasional weddings - many of these have now been rearranged 4 or 5 times.
Looking back over the year has provided me with much food for thought, and an awful lot to be thankful for. During the year both Shiplake Church and Harpsden Church were redecorated. Ship Church was also re-lit and mostly re-wired, this has highlighted many beautiful features that have been hidden for many years.
Sadly, for many months of the year the church buildings were closed for public worship due to the Pandemic, but in 2021 we broadcast 192 services via our You Tube Channel which were watched b many as 602 people for the funeral of Alan Mitchel to just 2 people for one of the Morning Prayers Friday. These on-line services have helped to keep our congregations together, but are not the sa as worshipping face to face. We had an average Sunday congregation of about 50 people which t dropped to about 20 when face to face worship was restarted.
Once our buildings were allowed to re-open many restrictions had to be put into place, from socia distancing, hand sanitising, QI codes etc. etc, all of which took an incredible amount of work and am indebted to Sarah for all her help in guiding the benefice over these medical matters. Thank Sarah.
October saw the Benefice saying thank you to the two Michaels for their public ministry as they officially ceased from their public role in a special service at Shiplake Church on 17th October. Th you to Michael Forrer and Michael Seymour-Jones for all their love and support that they have giv to the Benefice in their ministry. They will be missed.
The year also saw many occasional offices: Weddings 9 Funerals in church 14 Burials 6 Funerals at the Crematorium 13 Inernment of ashes 4
Al of which took much organing due to the Covid restrictions, and we continue to remember all th families who were not allowed to have funerals or weddings as they would have wished to in normal' times.
Many thanks go to all those people who have worked tirelessly over the last year to ensure the sm running of the churh in the Benefice. Our lovely Church Wardens, PCC Secretaries, PCC Treasurer Flower Teams, Bell Ringers, Choir members, Organists, Cleaners, Refreshment providers, the list goes on, but without all these wonderful people giving their time our churches would stop operati
4
Special thanks though need to go to Sarah Nesbitt who, once more, has been such a support duri last 12 months, and I am certain that without her support I would probably have been off at some with stress. Pam Gordon has also been outstanding in her commitment to supporting the ministry this Benefice, and finally Leigh Bartlett/Leadbetter, my PA, has been a real support to both myself colleagues, and the Wardens, as during the last year she has re-written the Terrier ad Inventories all three churches which has been a herculean task.
Thank you also, our lovely congregation for being patient with the clergy team when we have, inevitably, got things wrong during the year. I hope, and pray, that on the whole you think that w managed to steer our Benefice Ship reasonably well during the Covid storm.
May God Bless you all.
Robert
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH O SHIPLAKE WITH DUNSDEN
Year ending 31 December 2021
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 2021, which are set out on pages 7 to 16.
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.
Date: 7th June 20
Barbara Marston
Manscombe, Stoke Row, Henley, RG9 5QG
ve ith )22
ECCLESIASTICAL PARISH OF SHIPLAKE WITH DUNSDEN INVESTMENTS - FIXED ASSETS
----- Start of picture text -----
PAYMENT IN
INVESTMENT PROVIDER TO BE USED FOR DATES OF PAYMENTS INTO HSBC CURRENT A/C RESPECT OF
1 CCLA Shiplake Church Bldg Main/ce Interest paid monthly Interest
2 CCLA Shiplake Church Yard Main/ce Interest paid monthly Interest
BLACKROCK (formerly
3 Charinco) Shiplake Church Lands Interest paid 20 Jan 20 April 20 July 20 Oct Interest
M&G INVESTMENTS
4 (formerly Charifund) Shiplake Church Lands Dividends paid late Feb/May/Aug/Nov Dividends
INVESTEC - Medium Risk
5 Balanced Shiplake Church - unrestricted Dividends/Interest paid early Jan/Apl/July/Oct Interest/Divis
INVESTEC (Margery White
legacy) - Medium Risk Shiplake Church - unrestricted
6 Balanced (PCC has ring-fenced £90K for Choir) Gains are re-invested in this fund. Interest/Divis
CCLA (Rampton Trust) - Maintenance/repair of Dunsden
7 682 shares Church Dividends are paid late Feb/May/Aug/Nov Dividends
CCLA (Palmer Charity) -
770 shares - Original Maintenance/repair of Dunsden
deposit was £651.64 Church Dividends are paid late Feb/May/Aug/Nov Dividends
8
Charity Commission's Scheme dates back to 14th March 1958. Income to be used towards the costs of maintaining in good and efficient
repair the parish church of Dunsden. PCC may accumulate income towards substantial repairs. Envelope 637. The investment is held in
trust for the PCC by the Diocesan Board of Finance with interest being paid to Shiplake with Dunsden.
9 Doble Fund (Donation) Not known - RT to establish Cash Deposited in HSBC current N/A
Parish Nurse Fund As there is no longer a Parish Nurse,
10 (Donation) RT to establish what to do with fund. Cash Deposited in HSBC current N/A
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. At 31 12 21, there was no Parish Nurse.
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SHIPLAKE WITH DUNSDEN
| YEAR ENDING 31 DECEMBER 2021 STATEMENT OF FINANCIAL ACTIVITIES Notes INCOMING RESOURCES 7-9 Donations & Charitable Activities Investment Income Dunsden Window Appeal Bank Interest Church Hall Income Harpsden Church contribution to Admin Costs Fees for Weddings & Funerals Shiplake College Donation Total incoming resources RESOURCES EXPENDED 10-11 Charity Giving/Clergy Costs Utilities & Premises Costs Administration Adjustments/Diferences Music Provision Buildings/Grounds Maintenance Total resources expended NET INCOMING (OUTGOING) RESOURCES Unrealised gain(loss) on investments One investment - Investec (Margery White legacy) NET MOVEMENT IN FUNDS Balances brought forward at 1 January 2021 Adjustment re 2020 BALANCES CARRIED FORWARD AT 31 December 2021 |
YEAR ENDING 31 DECEMBER 2021 STATEMENT OF FINANCIAL ACTIVITIES Notes INCOMING RESOURCES 7-9 Donations & Charitable Activities Investment Income Dunsden Window Appeal Bank Interest Church Hall Income Harpsden Church contribution to Admin Costs Fees for Weddings & Funerals Shiplake College Donation Total incoming resources RESOURCES EXPENDED 10-11 Charity Giving/Clergy Costs Utilities & Premises Costs Administration Adjustments/Diferences Music Provision Buildings/Grounds Maintenance Total resources expended NET INCOMING (OUTGOING) RESOURCES Unrealised gain(loss) on investments One investment - Investec (Margery White legacy) NET MOVEMENT IN FUNDS Balances brought forward at 1 January 2021 Adjustment re 2020 BALANCES CARRIED FORWARD AT 31 December 2021 |
|
|---|---|---|
| Notes | 2021 | |
| 93,998 3,388 22,510 2 70 4,645 20,941 12,809 |
||
| 158,363 | ||
| 80,852 20,557 4,191 (62,937) 5,584 34,659 |
||
| 82,906 | ||
| 75,457 | ||
| (375) | ||
| 75,082 | ||
| 808,748 111,066 |
||
| 994,896 |
8
2020
106,086 6,435
112,521
167,665
167,665
(55,144) (26,927) (82,071)
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SHIPLAKE WITH DUNSDEN
YEAR ENDING 31 DECEMBER 2021
| BALANCE SHEET Notes £ ASSETS Fixed assets Tangible assets 13 Heritage assets (Church Hall) 14 Investments 15 Balance at 31 December Current assets Other debtors/prepayments 16 2,862 Cash & bank 81,300 Total 84,162 Current liabilities Accruals and deferred income 17 859 Net current assets Adjustment re 2020 Total net assets |
BALANCE SHEET Notes £ ASSETS Fixed assets Tangible assets 13 Heritage assets (Church Hall) 14 Investments 15 Balance at 31 December Current assets Other debtors/prepayments 16 2,862 Cash & bank 81,300 Total 84,162 Current liabilities Accruals and deferred income 17 859 Net current assets Adjustment re 2020 Total net assets |
BALANCE SHEET Notes £ ASSETS Fixed assets Tangible assets 13 Heritage assets (Church Hall) 14 Investments 15 Balance at 31 December Current assets Other debtors/prepayments 16 2,862 Cash & bank 81,300 Total 84,162 Current liabilities Accruals and deferred income 17 859 Net current assets Adjustment re 2020 Total net assets |
2021 £ |
|
|---|---|---|---|---|
| Notes | £ | £ | ||
| - 250,000 577,828 |
19,271 83,706 |
|||
| 827,828 83,303 83,765 |
||||
| ### |
These accounts were approved by the Board of Trustees on the
Revd R Thewsey
9
2020 £
- 250,000 517,401
767,401
97,142 (28,869) 835,674
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SHIPLAKE WITH DUNSDEN
YEAR ENDING 31 DECEMBER2021
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 ou 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 Cha of Recommended Practice applicable to charities preparing their accounts in accordance with the Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 201 SORP (FRS 102)), and the Financial Reporting Standard applicable in the UK and Republic of Ireland
The Parochial Church Council of The Ecclesiastical Parish of Shiplake With Dunsden meets the defin public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost 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 continu concern nor any significant areas of uncertainty that affect the carrying value of assets held by the
Heritage asset
The heritage asset is the freehold land and buildings comprising the Church Hall which was convey Parochial Church Council from the Diocese in 1977. Accordingly, on the advice of the Diocesan Bo it is considered appropriate to use an estimated market value of £250,000 as indicated by the Dio 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 accumulated impairment losses.
Depreciation and amortisation
Depreciation is provided on tangible fixed asset so as to write off the cost or valuation, less any es residual value, over their expected useful economic life as follows: Computer equipment (if applicable) - 33.3% straight line
10
ut below. These
arities: Statement Financial 15) - (Charities d (FRS 102).i
nition of a t or transaction
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SHIPLAKE WITH DUNSDEN
YEAR ENDING 31 DECEMBER2021
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 (2020 - 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 £5,659 (2020: £7,320) There were no reimbursements to other Trustees (2020: £0).
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
).
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SHIPLAKE WITH DUNSDEN
YEAR ENDING 31 DECEMBER 2021
NOTES ON THE ACCOUNTS (CONTINUED)
| 7 INCOME FROM DONATIONS AND CHARITABLE ACTIVITIES Gift aid - bank Gift aid - Parish Giving Scheme Tax recoverable on Gift aid Loose plate collections Fund-Raising Events Donations, Appeals, etc Dunsden Window Appeal 8 OTHER INCOME Church hall income Fees for weddings and funerals Shiplake College Donation Harpsden Contribution to Admin Costs 9 INVESTMENT INCOME Bank Deposit Interest Investments Interest/Dividends |
12,541 38,126 8,797 1,135 1,622 31,777 22,510 |
|---|---|
| 116,508 | |
| 70 20,941 12,809 4,645 |
|
| 38,465 | |
| 2 3,388 |
|
| 3,390 | |
| 158,363 |
12
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SHIPLAKE WITH DUNSDEN
YEAR ENDING 31 DECEMBER2021
| NOTES ON THE ACCOUNTS (CONTINUED) 10 EXPENDITURE ON CHARITY GIVING/CLERGY COSTS Giving to Agreed Charities Parish Share Parish Share: Weddings/Funerals Henley Deanery Synod Working Expenses of Clergy Team & Rector's PA Upkeep of services Church hall running costs 11 EXPENDITURE: OTHER Gas & Electricity Water/Cleaning Insurance Security & Fire Safety Accounting services Admin, post, printing and stationery Phone & Internet Organists/Choirs/Music Director Maintenance of Shiplake Buildings Maintenance of Shiplake Grounds Mainenance of Dunsden Buildings Maintenance of Dunsden Grounds Adjustments/Diferences re 2020 TOTALS |
Total 2021 | Total 2020 |
|---|---|---|
| 55 457 49,063 24,013 8,227 4,956 384 21,573 33,397 1,550 1,805 50 |
||
| 80,852 64,678 | ||
| 6,822 8,370 2,476 10,312 2,678 948 672 1,319 1,184 2,235 1,981 634 5,584 3,464 28,756 74,919 1,398 487 8,169 4,019 1,550 (62,936) |
||
| 2,054 102,987 | ||
| 82,906 | 167,665 |
12 INDEPENDENT EXAMINER FEES
The Independent Examiner's Fee is:
13
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SHIPLAKE WITH DUNSDEN
YEAR ENDING 31 DECEMBER 2021
NOTES ON THE ACCOUNTS (CONTINUED)
13 FIXED ASSETS
There are none to report
14 HERITAGE ASSETS (Shiplake Church Hall)
Estimated Market value at 1 January 2021 Additions in the year Revaluation in the year
Market value at 31 December 2020
15 INVESTMENTS
Market value at 1 January 2021 Additions in the year Revaluation in the year Market value at 31 December 2021
16 DEBTORS/PREPAYMENTS
2021
2862
17 CREDITORS
2021
Accruals and deferred income 859
14
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Total
£ £
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| Heritage Asset £ |
Total £ |
|---|---|
| 250,000 250,000 0 0 0 0 |
|
| 250,000 250,000 |
| Listed Securities £ |
Total £ |
|---|---|
| 517,401 517,401 15,195 15,195 45,232 45,232 |
|
| 577,828 577,828 |
2020 8,527
2020 6,527
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SHIPLAKE WITH DUNSDEN
YEAR ENDING 31 DECEMBER 2021
NOTES ON THE ACCOUNTS (CONTINUED)
Endowment funds
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 bu
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.
Designated funds
Designated funds represent amounts set aside by trustees for particular future purposes. Trustee continue to keep designated funds under review and the designated use of some funds may chan circumstances change.
In 2018 the trustees decided to establish two new Designated Funds totalling £490,000 to ensure the Marjorie White legacy is spent only on major projects appropriate to the future development o Shiplake church.
Investments Schedule - Page 8 - lists the investments with their designations.
19 ANALYSIS OF NET ASSETS BETWEEN FUNDS
| Tangible fxed assets Fixed asset investments Heritage assets Current assets Creditors due within one year Investments Adjustments |
2021 0 577,828 250,000 84,162 (859) 911,131 Total £ |
2020 |
|---|---|---|
| Total £ |
||
| 0 517,401 250,000 47,604 (6,257) 45,232 |
||
| ### |
15
Jildings. Ige if that )f
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SHIPLAKE WITH DUNSDEN
YEAR ENDING 31 DECEMBER 2021
RESERVES
| OPENING BALANCE 1ST JANUARY 2021 INCOME EXPENDITURE UNREALISED GAINS/LOSSES ON INVESTMENTS CREDITORS DEBTORS ADJUSTMENTS END BALANCE 31ST DECEMBER 2021 |
835,674 158,363 (82,906) (375) (859) 2,862 |
|---|---|
| 912,759 82,137 |
|
| 994,896 |
16