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
5
all the
al
plake e
e
by as s on a ame then
al I you
hank en
hose
mooth rs,
ing.
ng the
stage
y in
f,my
for
ie
## **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.
**----- End of picture text -----**
## **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
ue as a going e charity.
yed to the oard of Finance ocesan Board of
n and subsequent
stimated
**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
**----- Start of picture text -----**
Total
£ £
**----- End of picture text -----**
|**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