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 2022**
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF 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|
|Reserves|10|
|Investments/Endowments/Legacies|11|
|Notes to the Financial Statements|12 to 15|
|Additional Notes|16|
2
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SHIPLAKE WITH DUNSDEN**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2022**
Trustees Mrs R Appleby Mr J Bodman Mr C Crouch Mr J Flinn Mrs L Glithro 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 ENDED 31 DECEMBER 2022**
## **TRUSTEES' REPORT**
## Dear friends
Phew, what a year 2022 turned out to be. Our lovely Sarah agreed to stay here in the Benefice and has been made Assistant Rector – a new title for the Diocese – this is to show that Sarah will be sharing responsibility for certain projects around the Benefice. It is a real privilege to have Sarah here working alongside Pam and I.
Late in the year saw a new face appear amongst us, Revd Heather Turner, who is a retired priest recently moved to the area who now has Permission to Officiate – we thank God for his blessings on the Ministry Team.
2022 saw me take a sabbatical, this was a three-month break in ministry which all stipendiary clergy are entitled to take every 7 years – this was my first sabbatical in 21 years of ministry. Again huge thanks go to Sarah, Pam and Leigh, as well as the Wardens for holding everything together during that time. It was an enormous privilege to be allowed to step back for a few months, and really helped me recover from the tiredness that I was struggling with post the Pandemic.
Work has been progressing on a possible redevelopment of the Church Hall site at Shiplake by the Parish of Shiplake with Dunsden – this is a possible replacement of the hall with housing that can be rented out to provide income to make the parish financially viable in the future – we are a long way though from making a decision.
The Diocese are also looking at redeveloping the Rectory site as we are on a plot of land that is just under one acre and in a Rectory building that is not particularly well constructed. This development would see the building of a new Rectory which would be environmentally friendly helping not only the Diocese move towards its net zero carbon footprint, but would also be much cheaper for myself – and future Rectors – to live in. Again, this is a project that might take several years to move forward.
Dunsden Church took part in the Stevens Stained Glass competition to design a new window for Dunsden Church to celebrate the life and connection with the parish of the World War I poet, Wilfred Owen, and we are hopeful that 2023 will see this window installed and dedicated
|The year also saw many occasional offices:||
|---|---|
|Weddings|11 (9 in 2021)|
|Funerals in church|21 (14 in 2021)|
|Burials|5 (6 in 2021)|
|Funeral at the Crematorium|9 (13 in 2021)|
|Internment of ashes|18 (4 in 2021)|
These are on top of regular Home Communion services for an increasing number of house bound parishioners as well as Care Home communion services and Collective Worship in Shiplake Primary School – and of course our normal Sunday and mid-week services. Without the team I would not be able to deliver all that we do here in the Benefice and again I thank the team for all their hard work.
Many thanks go to all those people who have worked tirelessly over the last year to ensure the smooth running of the church in in the Benefice. Our lovely Church Wardens, PCC secretaries, Treasurers, Flower
4
Teams, Bell Ringers, Choir members, Organists, Cleaners, Refreshment providers, Intercessors, the list goes
on, but without all these wonderful people giving their time our churches would stop operating. So Thank You for doing what you do, frequently when nobody else is around – it is appreciated. If any of you would like to help out in any way then please do not hesitate to contact me and we would gratefully accept any help.
Leigh, my PA, has been working tirelessly in the background and at the Archdeacons visits to our three churches our record keeping was described as the best that he had ever seen – well done Leigh. Apart from all the work that she does to support the day to day running of the Benefice Leighs current ‘big job’ is to map out fully all of the graveyards/cemeteries in the three churches – providing an online resource for the clergy to locate grave, which is frequently a very time consuming process as many relatives do not know where loved ones are buried. This has already saved the clergy much time and helped many relatives. The current step is to alphabetise the burial registers onto the Benefice drive so that all we need do is search for a surname and we will have immediate access to the information that we need. Thank you Leigh, as well as to Anita who also helps Leigh on a regular basis with these big projects.
If you have any thoughts as to how we can make this Benefice better then please do not hesitate to contact either myself, Sarah or Leigh so that we can consider your suggestions.
I pray that 2022 was kind to you and thank you for being such a lovely group of congregations.
Yours in Christ
Robert
**5**
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SHIPLAKE WITH DUNSDEN**
Year ended 31 December 2022
## **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 2022, which are set out on pages 7 to 15.
## **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 have 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 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: 26 03 23
## _**Barbara Marston**_
6
**ECCLESIASTICAL PARISH OF SHIPLAKE WITH DUNSDEN**
**INVESTMENTS - FIXED ASSETS**
||**INVESTMENT PROVIDER**|**A/C NUMBER**|**TO BE USED FOR**|**DATES OF PAYMENTS INTO HSBC CURRENT A/C**|~~**PAYMENT IN RESPECT**~~
**OF**|
|---|---|---|---|---|---|
|1|CCLA|….......001D|Shiplake Church BldgMain/ce|Interestpaid monthly|Interest|
|||||||
|2|CCLA|….......004D|Shiplake Church Yard Main/ce|Interestpaid monthly|Interest|
|||||||
||CCLA|….......201S|Shiplake Churchyard Trust|Dividendspaidquarterly|Interest|
|3|~~BLACKROCK (formerly~~
Charinco)|….......680|Shiplake Church Lands|Interestpaid 20 Jan 20 April 20 July20 Oct|Interest|
|||||||
|4|M&G INVESTMENTS
(formerlyCharifund)|….......438|Shiplake Church Lands|Dividendspaid late Feb/May/Aug/Nov|Dividends|
|||||||
|5|~~INVESTEC - Medium Risk~~
Balanced|….......005|Shiplake Church - unrestricted|Dividends/Interestpaid earlyJan/Apl/July/Oct|Interest/Divis|
|||||||
|6|INVESTEC (Margery White
legacy) - Medium Risk
Balanced|….......007|Shiplake Church - unrestricted
(PCC has ring-fenced £90K for Choir)|Gains are re-invested in this fund.|Interest/Divis|
|||||||
|7|CCLA (Rampton Trust) -
682 shares|….......001S|Maintenance/repair of Dunsden
Church|Dividends arepaid late Feb/May/Aug/Nov|Dividends|
|||||||
|8|CCLA (Palmer Charity) -
770 shares - Original
deposit was £651.64|….......373S|Maintenance/repair of Dunsden
Church|Dividends arepaid late Feb/May/Aug/Nov|Dividends|
||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
10|Doble Fund(Donation)|Donation||Cash Deposited in HSBC current|N/A|
||To be used to support localpeople in times of need -**all used during 2022.**|||||
||Parish Nurse Fund
(Donation)|Donations|As there is no longer a Parish Nurse, 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.|||||
7
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SHIPLAKE WITH DUNSDEN**
|**YEAR ENDED 31 DECEMBER**
**2022**
**STATEMENT OF FINANCIAL ACTIVITIES**
**INCOME AND ENDOWMENTS**
Gift Aid and S.O.'s
Gift Aid - Parish Giving Scheme
Tax Recoverable on Gift Aid
Loose Plate Collections
Donations, Appeals, etc
Dunsden Window Project Appeal
Fund -Raising Events
Church Hall income
Fees for Weddings and Funerals
Harpsden Share Benefice Admin Costs
Shiplake College Donation
**RESOURCES EXPENDED**
Giving to Agreed Charities
Parish Share
Parish Share Weddings & Funerals
Henley Deanery Synod
Working Expenses of Clergy Team
Self-Employment costs
Visiting Clergy Costs
Gas/Electricity/Water
Cleaning
Insurance
Security and Fire Safety
Accounting Services
Shiplake Buildings Maintenance
Shiplake Grounds Maintenance
Dunsden Buildings Maintenance
Dunsden Churchyard Maintenance
Dunsden Window Project
Organists/Choirs/Music Director
Upkeep of services - Shiplake
Church Hall Development work
Flowers
Printing/Postage/Stationery
Phone and Internet
Independent Examiner's Fee
Differences
**Realisedgains on investments**
**NET MOVEMENT IN FUNDS**||||
|---|---|---|---|
||**Notes**|**2022**|**2021**|
||7-9
10-11|1,585
12,541
43,570
38,126
2,414
8,796
2,328
1,134
27,407
31,782
45
22,509
3,145
1,622
285
70
27,681
20,941
5,090
4,645
11,064
12,808||
|||**124,614**|**154,974**|
|||3,110
55
48,313
49,070
10,697
8,226
-
384
22,236
15,789
8,483
5,783
14
-
18,110
6,999
3,220
2,297
8,532
10,311
181
947
1,479
1,319
5,025
28,754
3,489
1,398
1,036
487
2,569
4,019
5,250
-
7,489
5,583
2,605
1,550
9,706
-
112
-
2,881
2,235
473
636
-
-
-
**62,936**
**-**||
|||**165,010**|**82,906**|
|||||
|||**7,858**|**3,389**|
|||||
|||**32,538**
**-**|**75,457**|
**8**
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SHIPLAKE WITH DUNSDEN**
|**YEAR ENDED 31 DECEMBER**
**2022**
**BALANCE SHEET**
**Notes**
**£**
**FIXED ASSETS**
**Fixed assets**
Heritage assets (Church Hall)
8
Investments
9
Balance at 31 December
**Current assets**
Other debtors/prepayments
10
-
Cash & bank
50,765
Total
50,765
**Current liabilities**
Creditors falling due in one year
11
-
**Net current assets**
**Total net assets**
**These accounts were approved by the Board of Trustees on the**
Revd R Thewsey|**YEAR ENDED 31 DECEMBER**
**2022**
**BALANCE SHEET**
**Notes**
**£**
**FIXED ASSETS**
**Fixed assets**
Heritage assets (Church Hall)
8
Investments
9
Balance at 31 December
**Current assets**
Other debtors/prepayments
10
-
Cash & bank
50,765
Total
50,765
**Current liabilities**
Creditors falling due in one year
11
-
**Net current assets**
**Total net assets**
**These accounts were approved by the Board of Trustees on the**
Revd R Thewsey||||||
|---|---|---|---|---|---|---|
|||||**2022**
**£**||**2021**
**£**|
|||**Notes**|**£**||**£**||
||||-
50,765|250,000
502,586|_19,271_
_83,706_|_250,000_
_577,828_|
|||||752,586
_50,765_||**_827,828_**
_97,142_
**(13,839)**|
||||50,765||**_102,977_**||
||||||_5,835_||
|||||**803,351**||**911,131**|
||||||||
||||||||
9
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SHIPLAKE WITH DUNSDEN**
## **YEAR ENDED 31 DECEMBER 2022**
## **RESERVES**
|**OPENING BALANCE 1ST JANUARY 2022**
2021 ADJUSTMENT
INCOME
EXPENDITURE
REALISED GAINS ON INVESTMENTS
CREDITORS
DEBTORS
LOSS/GAIN ON INVESTMENTS VALUATIONS COMPARED TO PREVIOUS YEAR|994,896
**(83,765)**
911,131
124,614
**(165,010)**
7,858
**0**
0
**(75,242)**
**803,351**|
|---|---|
ADJUSTMENTS
**END BALANCE 31ST DECEMBER 2022 803,351**
**10**
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SHIPLAKE WITH DUNSDEN**
|**YEAR ENDED 31 DECEMBER**
**2022**
**RECEIPTS ON INVESTMENTS**
Blackrock:
….......680
Interest
M&G:
….......438
Dividends
CCLA (Rampton):
….......001S
Dividends
CCLA (Palmer):
….......373S
Dividends
Investec:
….......005
Int/Divis
Investec: (Returns are re-invested)
….......007
Int/Divis
CCLA
….......001D
Interest
CCLA
….......004D
Interest
CCLA
..........201S
Dividends||||**INVESTMENT**
**VALUATION**
**AT END**
**Dec-22**|
|---|---|---|---|---|
||**Notes**|**2022**|**2021**||
|||524
524
4,448
705
419
405
473
457
1,911
1,297
-
-
30
-
5
-
3,740
-||12,753
48,248
4,552
15,909
109,405
297,689
4,552
5,738
3,740|
|||11,550
3,388||502,586|
## **BANK DEPOSIT**
HSBC Deposit Interest HSBC Deposit (Dunsden Window) Interest 48 1 **11,598 3,389**
## **Additional Notes - page 16 refer**
## **RECENT ENDOWMENTS & LEGACIES**
(Donations & Appeals Ledger - 0203B00)
With effect from March 2021: Shiplake Church Wall Repairs - £3,000 p.a. plus 2020 back payment of £800 March 2021 (Paid by Mercers): Jane Gordon Legacy December 2022: PA support for Rector
**HSBC BAL AT 31 DONOR CURRENT 12 22** Parish Council 6800 6800 Jane Gordon 10000 10000 Anonymous 17000 17000
**11**
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SHIPLAKE WITH DUNSDEN**
**YEAR ENDED 31 DECEMBER 2022**
## **NOTES ON THE ACCOUNTS 1 OF 4**
## 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 (if applicable) - 33.3% straight line
12
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SHIPLAKE WITH DUNSDEN**
**YEAR ENDED 31 DECEMBER 2022**
## **NOTES ON THE ACCOUNTS**
## **2 OF 4**
## **Debtors**
Debtors are recognised at the transaction price less provision for impairment. A provision for the impairment of debtors is established when there is objective evidence that the charity will not be able to collect all amounts due 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 that are readily 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 contractual provisions of the instrument.
## _**Recognition and measurement**_
All financial assets and liabilities are initially measured at transaction price (including transaction costs).
## _**Fair value measurement**_
The best evidence of fair value is a quoted price for an idential asset in an active market. When quoted prices are unavailable, the price of a recent transaction for an identical asset provides evidence of fair value as long as there has not been a significant change in economic circumstances or a significant lapse of time since the transaction took place.
## **2 STAFF NUMBERS**
The average number of persons employed by the charity during the year is 0 (2021 - 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 employment with the charity.
## **5 TRUSTEE EXPENSES**
The Rector, who is also a Trustee, received reimbursement of expenses of **£6,194** (2021: £5,659). There were no reimbursements to other Trustees (2021: £0).
## **6 RELATED PARTY TRANSACTIONS**
There were no related party transactions in the reporting period.
13
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SHIPLAKE WITH DUNSDEN**
## **YEAR ENDED 31 DECEMBER 2022**
## **NOTES ON THE ACCOUNTS 3 OF 4**
|**FIXED ASSETS**
There are none to report
**HERITAGE ASSETS (Shiplake Church Hall)**
Estimated Market value at 1 January 2022
Additions in the year
Revaluation in the year
Market value at 31 December 2020
**INVESTMENTS**
Market value at 1 January 2022
Additions in the year
Revaluation in the year
Market value at 31 December 2022
**DEBTORS/PREPAYMENTS**
**CREDITORS**
Accruals and deferred income|**£**|**Total**
**£**|
|---|---|---|
||||
||**Heritage**
**Asset**
**£**|
**Total**
**£**|
||250,000
250,000
0
0
0
0||
||250,000
250,000||
||||
||**Listed**
**Securities £**|**Total**
**£**|
||577,828
577,828
-
-
**(75,242)**
**(75,242)**||
||502,586
502,586||
||||
||**2022**|**2021**|
||0
2862||
||**2022**|**2021**|
||0
858||
## **7 FIXED ASSETS**
## **8 HERITAGE ASSETS (Shiplake Church Hall)**
## **9 INVESTMENTS**
## **10 DEBTORS/PREPAYMENTS**
## **11 CREDITORS**
14
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SHIPLAKE WITH DUNSDEN**
## **YEAR ENDED 31 DECEMBER 2022**
## **NOTES ON THE ACCOUNTS 4 OF 4**
## **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 buildings.
## **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. 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.
Investments Schedule - Page 7 - lists the investments with their designations.
## **12 ANALYSIS OF NET ASSETS BETWEEN FUNDS**
|Tangible fixed assets
Fixed asset investments
Heritage assets
Current assets
Creditors due within one year
Investments Adjustments|**2022**
**Total £**
0
502,586
250,000
50,765
**803,351**|**2021**|
|---|---|---|
|||**Total**
**£**|
|||0
577,828
250,000
84,162
**(859)**|
|||**911,131**|
15
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SHIPLAKE WITH DUNSDEN**
**YEAR ENDED 31 DECEMBER 2022**
## **ADDITIONAL NOTES**
The repairs to the wall at Shiplake are being funded by the Parish Council: they are giving £3,000 a year to this project. The funds at the year end were £6,800.
There is a legacy of £10,000 from the estate of Jane Gordon still to be spent. How it is spent has not yet been decided upon. It is specifically for Shiplake Church, not the Diocese or Dunsden.
During 2022, a donation of £17,000 was given to pay for the Rector's PA s and is not to be used for any other purpose.
The Doble Fund was spent in 2022 and will not be replaced.
The value of the funds held for the Dunsden Window in HSBC Deposit A/c at 31st December 2022 is: £21,965.
**16**