| 

Charity Registration No. 1138072 

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST CUTHBURGA, WIMBORNE MINSTER 

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 

|Wimborne Minster 

www.wimborneminster.org.uk 



THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST CUTHBURGA, WIMBORNE MINSTER 

- 

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## LEGAL AND ADMINISTRATIVE INFORMATION 

} 

||||eeere|ere<br>ee|es|ee|
|---|---|---|---|---|
|Charity Trustees||The Reverend Canon Andrew J W Rowland|||
|||The Reverend Suzie Allen|||
|||The Reverend Heather Waldsax|||
|||Reverend Nicholas Wells|||
|||Mrs Elfie Mills|||
|||Mrs Deirdre F Ashton|||
|||Mr Peter Cook|||
|||Mr Andrew Patrick|||
|||Mr Bruce Jensen|||
|||Mr Richard Knott|||
|||Mr Colin Feltham|||
|||Mrs Sheila Soper|||
|||Mrs Jane Davidson|||
|||Mrs Anne King|||
|||Mrs Leonie Thurlow|||
|||Mr David Warwick|||
|||Mr Anthony K Oliver MBE|||
|||Mrs Sarah Steele|||
|||Mr Francis W Howard-Vine|||
|||Mr Barry Glazier|||
|||Mrs Alison Francis|||
|||Mrs Heather Davey|||
|||Mrs Rosemary Lunt|||
|||Mrs Minna Harvey|||
|Charity number||1138072|||
|Independent examiner||Hill Osborne|||
|||Beaufort House|||
|||2 Cornmarket Court|||
|||Wimborne|||
|||Dorset|||
|||BH211JL|||



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## THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST CUTHBURGA, WIMBORNE MINSTER 

## CONTENTS 


**----- Start of picture text -----**<br>
Page<br>Trustees' report 1-3<br>Independent examiner's report 4<br>Statement of financial activities 5-6<br>Balance sheet 7<br>Statement of cash flows 8<br>Notes to the financial statements 9-24<br>**----- End of picture text -----**<br>




THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH . OF ST CUTHBURGA, WIMBORNE MINSTER 

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## TRUSTEES’ REPORT 

FOR THE YEAR ENDED 31 DECEMBER 2021 nrgat ese a 

## THE TRUSTEES 

The following served the charity during the year: - The Reverend Canon Andrew J W Rowland The Reverend Suzie Allen The Reverend Heather Waldsax The Reverend Nicholas Wells 

Mrs Elfie Mills 

## Licensed Lay Minister 

Mr Peter Cook Mr Andrew Patrick 

Mr Bruce Jensen 

(Churchwarden) (Churchwarden Emeritus and Deputy Churchwarden) (Churchwarden) 

Mr Richard Knott 

Mr David Steele Mrs Sheila Soper Mrs Jane Davidson Mrs Anne King Mr Colin Feltham Mrs Leonie Thurlow Mr David Warwick Mr Anthony K Oliver MBE Mrs Sarah Steele Mr Francis W Howard-Vine Mr Barry Glazier Mrs Deirdre F Ashton Mrs Alison Francis Mrs Heather Davey Mrs Rosemary Lunt Mrs Minna Harvey 

## (Honorary Treasurer) 

Resigned 19 May 2021 

Appointed 19 May 2021 

Honorary Secretary Mrs Beatrice Dopita Electoral Roll Officer Mrs Jane MacCaig Independent Examiner Hill Osborne Chartered Accountants Beaufort House 2 Cornmarket Court Wimborne BH21 1JL 

## a 

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## THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH ee _ OF ST CUTHBURGA, WIMBORNE MINSTER TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 ssn gcoleman tp 

## STRUCTURE, GOVERNANCE AND MANAGEMENT 

Preamble In line with the requirements of Church Accounting Regulations (2006) together with accounting standards and the Charities SORP applicable to Parochial Church Councils within the Church of England, the financial activities of the Wimborne Minster PCC are presented in this document 

Constitution of the Council The Parochial Church Council is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure. The PCC was registered with the Charity Commission with effect from February 2010. 

## Role of the Council 

The PCC have considered the Charity Commission's guidance on public benefit and the advancement of religion. The PCC co-operates with the Rector in promoting in the parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. The PCC sees the Minster's mission as witnessing steadfastly to the Christian faith and proclaiming the gospel through prayer and preaching, through service to the community of Wimborne and to visitors to the town, through service to those in need beyond the town of Wimborne and through careful stewardship of the Minster's heritage of excellence in its worship and in its fabric. The Minster also contributes to the spiritual and musical education of young people in the local area by inviting them to take part in the Choir, Experience Easter in the Minster and through Open the Book. Appointment, induction and training of trustees of the Council The trustees of the PCC are elected in accordance with the Church Representation Rules. Two trustees may be co-opted for a period of one year. Members of the clergy and churchwardens are ex-officio trustees of the PCC and all committees. Help and familiarisation is available through discussions with the Rector and Churchwardens, and the Treasurer provides training in understanding PCC accounts where necessary. Organisation of the Council In order to discharge its duties, the PCC appoints a number of committees which meet on a regular basis. It also employs staff to carry out various functions. The PCC generally meets 6 times per year. During the Covid-19 Pandemic the Standing Committee and PCC have regularly met in person or online, as necessary. 

A socially-distanced Annual Parochial Church Council Meeting was convened and held on 19" May 2021 according to the Covid-19 Pandemic Regulations. 

The main PCC committees are: Standing and Fabric. Further committees meet as necessary, Minster Environment Group, Fundraising and Events, Minster Makes Music Appeal, Worship and Music, Outreach, Tourism, Education, and Minster Green Charities Fair. 

The PCC is represented by 5 members at Deanery Synod and 1 member at Diocesan Synod. The PCC takes this opportunity to thank the employees of the Minster for the fine manner in which they perform their duties throughout the year in support of the Minster's aims, to witness to Jesus Christ and always provide a warm and welcoming environment at the Minster. 

## stgeegp er ee = De 



THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST CUTHBURGA, WIMBORNE MINSTER 

., ; 

## TRUSTEES’ REPORT (CONTINUED) 

## FOR THE YEAR ENDED 31 DECEMBER 2021 eeTSa 

## Risk Management 

The PCC has considered and assessed the major risks to which they may be exposed and are satisfied that measures are in place to deal with major risks should they occur. There is regular communication with the Minster's insurers, other Major Churches and the local authority on this subject. Action has been taken on matters of security in light of the worldwide activity against faith groups. An annual risk review is carried out as part of the insurance renewal process and specific Risk Assessment reviews are carried out before new enterprise starts. Activities of the Council The activities of the Parochial Church Council are outlined in the Reports presented for The Annual Parochial Church Meeting Booklet. This can be viewed or downloaded from the website www.wimborneminster.org.uk . 

| 

## Achievements and performance 

The Minster continued to be affected by closures and restriction on activities due to the Government regulation on Covid-19 Pandemic. When permissible the Minster re-opened for socially distanced public worship in accordance with regulations and Church of England advisories. The normal pattern of worship was resumed and attendance began to increase but with reduced numbers pre-pandemic. Sunday worship at 9:30am (and certain occasional services) have been broadcast online via YouTube, with an average of 35 households attending live and further views thereafter. Events were curtailed and half our regular community services were cancelled up to Christmas. Occasional Offices (Baptisms, Weddings and Funerals) resumed subject to prevailing regulations. 

Electoral Roll: The number of persons on the electoral roll as 31 December 2021 was 325 

Attendance at major services (below) was affected by Covid-19 Pandemic: 

|Easter Day|197|
|---|---|
|Advent Carol Service|182|
|Christmas Carols Service|169|
|Crib Service|152|
|Christmas Eve, Evening|125|
|ChristmasDayServices|105|



The trustees’ report was approved by the Parochial Church Council 

The Reverend Canon Andrew J W Rowland 

Trustee 

Dated: 10" March 2022 

## a 

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH i, ; OF ST CUTHBURGA, WIMBORNE MINSTER 

## INDEPENDENT EXAMINER'S REPORT 

## TO THE CHARITY TRUSTEES OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST CUTHBURGA, WIMBORNE MINSTER re ae ee ae ee 

| report to the charity trustees on my examination of the financial statements of The Parochial Church Council of The Ecclesiastical Parish of St Cuthburga, Wimborne Minster (the PCC) for the year ended 31 December 2021. 

Responsibilities and basis of report As the charity trustees of the PCC you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act). | report in respect of my examination of the PCC’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. 

## Independent examiner's statement 

Since the PCC’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. | confirm that | am qualified to undertake the examination because | am a member of ICAEW, which is one of the listed bodies. 

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. | understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. 

| have completed my examination. | confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 4 accounting records were not kept in respect of the PCC as required by section 130 of the 2011 Act; or 2 the financial statements do not accord with those records; or 3 the financial statements do 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. 

| 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 financial statements to be reached. 

L. Ball, BSc FCA 

Hill Osborne Chartered Accountants Beaufort House 2 Cornmarket Court Wimborne Dorset BH21 1JL 

Dated: .20o/s¥l.2022 ee ms a 

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH ; OF ST CUTHBURGA, WIMBORNE MINSTER 

7 

## STATEMENT OF FINANCIAL ACTIVITIES 

## FOR THE YEAR ENDED 31 DECEMBER 2021 

## a 

|Current financial year|||||||
|---|---|---|---|---|---|---|
|||Unrestricted|Restricted|Endowment|Total|Total|
|||funds|funds|funds|||
|||2021|2021|2021|2021|2020|
||Notes|e|£|£|£|£|
|Income and endowments from:|||||||
|Voluntary income|3|259,659.31|602,928.39|-|862,587.70|432,560.68|
|Charitable activities|||||||
|Activities for generating funds|4|4,080.00|-|-|1,080.00|4,951.14|
|Church activities|4|27,548.05|3,257.66|-|30,805.71|17,110.95|
|Investments|5|6,620.17|1;311.15|159.88|8,091.20|8,061.24|
|Other income|6|2,131.86|-|-|2,131.86|-|
|Total income and endowments||297,039.39|607,497.20|159.88|904,696.47|462,684.01|
|Expenditure on:|||||||
|Raising funds|7|-|-|-|-|290.00|
|Church activities|8|258,386.12|517,615.18|-|776,001.30|623,026.50|
|Other|Ag|-|-|-|-|28,066.13|
|Total resources expended||258,386.12|517,615.18|-|776,001.30|651,382.63|
|Net gains/(losses) on investments|14|-|38,609.50|779.94|39,389.44|17,885.51|
|Net incoming/(outgoing) resources<br>before transfers||38,653.27|128,491.52|939.82|168,084.61|(170,813.11)|
|Net incoming/(outgoing) resources<br>before transfers||38,653.27|128,491.52|939.82|168,084.61|(170,813.11)|
|Gross transfers between funds||(46,359.54)|46,519.42|(159.88)|-|-|
|Netmovement in funds||(7,706.27)|175,010.94|779.94|168,084.61|(170,813.11)|
|Fund balances at 1 January 2021||94,566.58|340,463.01|22,839.19|457,868.78|628,681.89|
|Fund balances at 31 December|||||||
|2021||86,860.31|515,473.95|23,619.13|625,953.39|457,868.78|



The statement of financial activities includes all gains and losses recognised in the year. 

All income and expenditure derive from continuing activities. 

eenm 

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST CUTHBURGA, WIMBORNE MINSTER 

. 

_ 

## STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) 

## FOR THE YEAR ENDED 31 DECEMBER 2021 

## fe ee A ee 

## Prior financial year 

|Prior financial year||||||
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Endowment|Total|
|||funds|funds|funds||
|||2020|2020|2020|2020|
||Notes|£|£|£|£|
|Income and endowments from:||||||
|Voluntary income|3|233,944.31|198,616.37|-|432,560.68|
|Charitable activities||||||
|Activities for generating funds|4|4,951.14|-|-|4,951.14|
|Church activities|4|17,110.95|-|-|17,110.95|
|Investments|5|6,589.25|1,317.60|154.39|8,061.24|
|Total income and endowments||262,595.65|199,933.97|154.39|462,684.01|
|Expenditure on:||||||
|Raising funds|7|290.00|-|-|290.00|
|Church activities|8|274,256.27|348,770.23|-|623,026.50|
|Other|13|28,066.13|-|-|28,066.13|
|Total resources expended||302,612.40|348,770.23|-|651,382.63|
|Netgains/(losses) on investments|14|-|17,530.92|354.59|17,885.51|
|Net incoming/(outgoing) resources before<br>transfers||(40,016.75)|(131,305.34)|508.98|(170,813.11)|
|Gross transfers between funds||12,074.31|(11,919.92)|(154.39)|-|
|Net movement in funds||(27,942.44)|(143,225.26)|354.59|(170,813.11)|
|Fund balances at 1 January 2020||122,509.02|483,688.27|22,484.60|628,681.89|
|Fundbalancesat31December2020||94,566.58|340,463.01|22,839.19|457,868.78|



The statement of financial activities includes all gains and losses recognised in the year. 

All income and expenditure derive from continuing activities. 

a -6- 



THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST CUTHBURGA, WIMBORNE MINSTER 

. 

din 

## BALANCE SHEET 

## AS AT 31 DECEMBER 2021 

## a 

||||2021||2020|
|---|---|---|---|---|---|
||Notes|£|£|Ps|£|
|Fixed assets||||||
|Tangible assets|15||20,610.75||24,247.94|
|Investments|16||334,954.37||294 253.78|
||||355,565.12||318,501.72|
|Current assets||||||
|Debtors|Wf|26,370.14||4,196.64||
|Cash at bank and in hand||268,120.87||159,322.80||
|||294,491.01||163,519.44||
|Creditors: amounts falling due within||||||
|oneyear|18|(24,102.74)||(24,152.38)||
|Net current assets|||270,388.27||139,367.06|
|Total assets less current liabilities|||625,953.39||457 868.78|
|Capital funds||||||
|Endowmentfunds|||23,619.13||22,839.19|
|Income funds||||||
|Restricted funds|||515,473.95||340,463.01|
|Unrestricted funds - general||||||
|Designated funds||6,145.43||18,580.18||
|General unrestricted funds||80,714.88||75,986.40||
||||86,860.31||94,566.58|
||||625,953.39||457,868.78|



The financial statements were approved by the Parochial Church Council on Aifex/Ze ee. 

The Reverend Canon Andrew J W Rowland Trustee 

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_ THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH . OF ST CUTHBURGA, WIMBORNE MINSTER 

## STATEMENT OF CASH FLOWS 

## FOR THE YEAR ENDED 31 DECEMBER 2021 

° 


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|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|a|
|2021|2020|
|Notes|£|rs|£|£|
|Cash|flows|from|operating|activities|
|Cash|generated|from/(absorbed|by)|23|
|operations|102,018.02|(209,176.45)|
|Investing|activities|
|Purchase|of tangible|fixed|assets|-|(11,534.94)|
|Purchase|of|investments|(1,311.15)|(1,317.60)|
|Investment|income|received|8,091.20|8,061.24|
|Net|cash|generated|from/(used|in)|
|investing|activities|6,780.05|(4,791.30)|
|Net|cash|used|in|financing|activities|=|
|Net|increase/(decrease)|in|cash|and|cash|
|equivalents|108,798.07|(213,967.75)|
|Cash|and|cash|equivalents|at|beginning|of|year|159,322.80|373,290.55|
|Cash|and|cash|equivalents|at end|of year|268,120.87|159,322.80|

**----- End of picture text -----**<br>


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## o . THEOF STPAROCHIALCUTHBURGA,CHURCHWIMBORNECOUNCILMINSTEROF THE ECCLESIASTICAL PARISH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 ee rene nennrnnnnEnennnInUm I 

- 1 Accounting policies 

1.1 Accounting convention The financial statements have been prepared in accordance with the PCC’'s governing document, the Charities Act 2011 and "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 2019)". The PCC is a Public Benefit Entity as defined by FRS 102. 

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn. 

The financial statements are prepared in sterling, which is the functional currency of the PCC. 

The financial statements have been prepared under the historical cost convention except for investment assets which are shown at market value. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include funds of church groups that owe an affiliation to another body nor those that are informal gatherings of church members. 

1.2. Going concern At the time of approving the financial statements, the charity trustees have a reasonable expectation that the PCC has adequate resources to continue in operational existence for the foreseeable future. Thus the charity trustees continue to adopt the going concern basis of accounting in preparing the financial statements. 

- 1.3. Charitable funds Unrestricted funds are general funds which can be used for PCC ordinary purposes. 

The purpose of any restricted funds is noted in the accounts. Any balance unspent at the end of the year must be carried forward as a balance on that fund. 

Endowment funds are subject to specific conditions, the capital of which must be maintained by the PCC. Only income arising from investment of the endowment may be used as either restricted or unrestricted funds depending upon the purpose for which the endowment was established. 

## 1.4 Incoming resources Voluntary income and capital sources Income is recognised when the PCC is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. 

Cash donations are recognised on receipt. Other donations are recognised once the PCC has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. 

Legacies are recognised on receipt or otherwise if the PCC has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. 

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## o . THEOF STPAROCHIALCUTHBURGA,CHURCHWIMBORNECOUNCILMINSTEROF THE ECCLESIASTICAL PARISH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) 

## FOR THE YEAR ENDED 31 DECEMBER 2021 aPenne 

- 1 Accounting policies 

Other ordinary income Rental income from Church House is accounted for by reference to letting date. 

Fees due are accounted for on an event by event basis. 

Car park rent is recognised on an accruals basis. 

1.5 Resources expended Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding or constructive obligation on the PCC. The diocesan parish share is accounted for when due. Amounts received specifically for mission are dealt with as restricted funds. All other expenditure is generally recognised when it is incurred and accounted for gross. 

The PCC operates a defined contribution pension scheme and contributions are charged against income on an accruals basis for the year in which they are payable to the scheme. 

## 1.6 Tangible fixed assets 

Consecrated property and moveable church furnishings Consecrated and beneficed property is excluded from the accounts by s.10(2)(c) of the Charities Act 2011. Moveable church furnishings held by the Rector and churchwardens on special trust for the PCC, and which require a faculty for disposal, are accounted for as inalienable property unless consecrated. They are listed in the Church's inventory which can be inspected. For inalienable property acquired prior to 2001 there is insufficient cost information available and therefore such assets are not valued in the accounts. Items acquired after 1st January 2001 are capitalised and depreciated in the accounts over their anticipated useful economic life. 

All expenditure incurred in the year on consecrated or beneficed buildings, individual items under £750 or on the repair of moveable church furnishings acquired before 1st January 2001 is written off. 

Other fixtures, fittings and equipment Equipment not considered to be inalienable property is capitalised and depreciated on a 15% reducing balance basis per annum. Generally, items less than £750 are written off in the period of acquisition. 

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year. 

- 1.7. Fixed asset investments Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred. 

4.8 Impairment of fixed assets At each reporting end date, the PCC reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). 

- 4.9 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks and other short-term liquid investments with original maturities of three months or less. 

## RR 

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## 7 . THEOF STPAROCHIALCUTHBURGA,CHURCHWIMBORNECOUNCILMINSTEROF THE ECCLESIASTICAL PARISH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 ogiel ig a 


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## 1Accounting policies 

1.10 Financial instruments The PCC has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the PCC's balance sheet when the PCC becomes party to the contractual provisions of the instrument. 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. 

## Basic financial assets 

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. 

## Basic financial liabilities 

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. 

Derecognition of financial liabilities 

Financial liabilities are derecognised when the PCC’s contractual obligations expire or are discharged or cancelled. 

## 2 Critical accounting estimates and judgements 

In the application of the PCC’s accounting policies, the charity trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. 

## a a 

## RR 

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST CUTHBURGA, WIMBORNE MINSTER 

- 

_ 

## NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) 

## FOR THE YEAR ENDED 31 DECEMBER 2021 

A 

|3<br>Voluntary income|3<br>Voluntary income|3<br>Voluntary income|3<br>Voluntary income|3<br>Voluntary income|3<br>Voluntary income|3<br>Voluntary income|
|---|---|---|---|---|---|---|
||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
||funds|funds||funds|funds||
||general<br>2021|2021|2021|general<br>2020|2020|2020|
||£|£|£|£|£|£|
|Donations and gifts|204,700.02|685.66|205,385.68|168,045.11|-|168,045.11|
|Grants|54,959.29|601,812.93|656,772.22|65,899.20|198,227.97|264,127.17|
|Other|-|429.80|429.80|-|388.40|388.40|
||259,659.31|602,928.39|862,587.70|233,944.31|198,616.37|432,560.68|
|Donations and gifts|||||||
|Tax efficient planned<br>giving|115,393.40|-|115,393.40|100,244.01|-|100,244.01|
|Gift aid recoverable|31,012.35|-|31:012.35|25,609.00|-|25,609.00|
|Uncovenanted|7,105.00|-|7,105.00|14,316.50|-|14,316.50|
|Collections at services|14,030.08|-|14,030.08|7,699.23|-|7,699.23|
|Special collections<br>Donations|4,832.95<br>35,326.24|-<br>-|1,832.95<br>35,326.24|1,966.80<br>3,974.86|-<br>-|1,966.80<br>3,974.86|
|Donations - Chained|||||||
|library<br>Legacy<br>Other income|-<br>-<br>2|305.66<br>-<br>380.00|305.66<br>-<br>380.00|-<br>9,531.85<br>4,702.86|-<br>-<br>-|-<br>9,531.85<br>4,702.86|
||204,700.02|685.66|205,385.68|168,045.11|-|168,045.11|



## i 

ae eee 



THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST CUTHBURGA, WIMBORNE MINSTER 

4 

e 

## NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) 

## FOR THE YEAR ENDED 31 DECEMBER 2021 

## a 

|3<br>Voluntary income|3<br>Voluntary income|3<br>Voluntary income|3<br>Voluntary income|3<br>Voluntary income|3<br>Voluntary income|3<br>Voluntary income|
|---|---|---|---|---|---|---|
||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
||funds|funds||funds|funds||
||general<br>2021|2021|2021|general<br>2020|2020|2020|
||£|£|£|£|£|£|
|Grants receivable for|||||||
|core activities|||||||
|Barnes Trust - towards|||||||
|music costs|-|16,500.00|16,500.00|-|6,600.00|6,600.00|
|Church Estates - Light,<br>heat and fabric|-|24,532.14|24,532.14|-|41,609.14|41,609.14|
|Friends - general|-|-|-|26,750.00|-|26,750.00|
|Fund raising|-|-|-|453.50|-|453.50|
|Governors<br>Lighting Faculty|-<br>49,638.02|-<br>-|-<br>49,638.02|-<br>-|5,779.03<br>96,590.79|5,779.03<br>96,590.79|
|Preservation Trust|“|-|-|-|8,000.00|8,000.00|
|Education Trust|-|3,300.00|3,300.00|-|1,200.00|1,200.00|
|Music appeal / organ<br>fund|-|432,480.79|432,480.79|-|38,449.01|38,449.01|
|Furlough claims|4,413.27|-|4,413.27|24,199.36|-|24,199.36|
|Minster 900|908.00|-|908.00|859.00|-|859.00|
|Dorset Business Grant|-|-|-|7,500.00|-|7,500.00|
|Listed Places ofWorship|2|-|-|6,137.34|-|6,137.34|
|Family and Children|||||||
|worker|-|90,000.00|90,000.00|-|=|7|
|Quinquennial report|-|35,000.00|35,000.00|-|=|.|
||54,959.29|601,812.93|656,772.22|65,899.20|198,227.97|264,127.17|



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. 

## THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST CUTHBURGA, WIMBORNE MINSTER 

## NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) 

## FOR THE YEAR ENDED 31 DECEMBER 2021 

el 

|4|Charitable activities|||||||
|---|---|---|---|---|---|---|---|
|||Activities for<br>generating|Church<br>activities|Total<br>2021|Activities for<br>generating|Church<br>activities|Total<br>2020|
|||2021|2021||2020|2020||
|||3|£|£|£|£|£|
||Statutory fees<br>Church House lettings|-<br>-|9,719.00<br>7,088.50|9,719.00<br>7,088.50|-<br>-|8,097.67<br>3,412.90|8,097.67<br>3,412.90|
||Use of Minster/car park<br>rent|-|11,028.21|11,028.21|-|3,995.38|3,995.38|
||Advertising for<br>magazine||2,970.00|2,970.00|-|1,605.00|1,605.00|
||Wimborne Minster<br>Limited - re salaries|1,080.00|-|1,080.00|4,951.14|-|4,951.14|
|||1,080.00|30,805.71|31,885.71|4,951.14|17,110.95|22,062.09|
||Analysis by fund|||||||
||Unrestricted funds -<br>general|1,080.00|27,548.05|28,628.05|4951.14|17,110.95|22,062.09|
||Restricted funds|-|3,257.66|3,257.66|-|-|-|
|||1,080.00|30,805.71|31,885.71|4,951.14|17,110.95|22,062.09|



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r THEOF STPAROCHIALCUTHBURGA, CHURCHWIMBORNECOUNCILMINSTER OF THE ECCLESIASTICAL PARISH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) 

. 

## FOR THE YEAR ENDED 31 DECEMBER 2021 

|FOR THE YEAR ENDEDENDED 31 DECEMBER 2021|FOR THE YEAR ENDEDENDED 31 DECEMBER 2021|
|---|---|
|a<br>AS<br>A<br>SD||
|9<br>Staffcosts|2021<br>2020|
||£<br>£|
|Salaries and National Insurance contributions<br>Staffand choirexpenses<br>Pension contributions|50,128.73<br>85,884.89<br>Ff12.12<br>2,620.61<br>(4,944.84)<br>3,690.34|
||52,956.01<br>92,195.84|



## 10 Charity Trustees 

The PCC employed one verger, Organist and Director of Choirs, Parish Secretary and Finance and Administration Manager. No employee earned £60,000 or more. Two of the trustees were paid remuneration as deputy organists, the total paid to the two trustees was £2,113 (2020: £780). There were no other disclosable transactions in respect of PCC members, persons connected with them or related parties. 

## 11. Employees 

The average monthly number of employees during the year was: 

|2021|2020|
|---|---|
|Number|Number|
|4.00|6.00|



To comply with the Pensions Act 2008, the PCC formalised the Staff Pension Scheme using NEST (National Employment Savings Trust) as their workplace pension scheme. 

|12|Church House expenses||||2021|2020|
|---|---|---|---|---|---|---|
||||||E|£|
||Heating and lighting<br>Cleaning and laundry<br>Water rates||||3,440.91<br>1,436.87<br>245.39|2,674.06<br>1,451.99<br>386.65|
||Repairs,<br>maintenance,<br>furnishings<br>Miscellaneous|replacement|equipment|and|2,948.16<br>86.00|2,681.10<br>38.10|
||||||8,157.33|7,231.90|



## a RR 



‘ THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH - OF ST CUTHBURGA, WIMBORNE MINSTER 

## NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) 

## FOR THE YEAR ENDED 31 DECEMBER 2021 

## 16 Fixed asset investments 

In the late 1980s Salisbury Diocese purchased the Curate's residence then at 8 Minster View for an agreed sum of £87,000; £35,000 was used to purchase 7,599 CBF Investment Fund units and £35,000 was invested in the CBF Deposit Fund. In 1995 £25,000 was transferred to purchase a further 3,748 IF units giving an historic cost of £60,000 for 11,347 compared with the market value quoted above. 

The terms of the endowment funds permit the PCC to use income from the investments as unrestricted funds whilst the capital cannot be taken to income. 

## 17 Debtors 

|Debtors|||
|---|---|---|
||2021|2020|
|Amounts falling due within one year:|£|£|
|Sundry debtors|15;343.23|2,060.38|
|Gift aid recoverable|6,505.00|2,136.26|
|Prepayments and accrued income|4,521.91|-|
||26,370.14|4,196.64|
|Creditors: amounts falling due within one year|||
||2021|2020|
||£|£|
|Othertaxation and social security|2s|498.54|
|Trade creditors|7,200.20|8,444.26|
|Other creditors|2,982.99|10,396.00|
|Accruals and deferred income|13,919.55|4,813.58|
||24,102.74|24,152.38|



## 18 Creditors: amounts falling due within one year 

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- 

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST CUTHBURGA, WIMBORNE MINSTER 

? 

## NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) 

FOR THE YEAR ENDED 31 DECEMBER 2021 serena ssp gp eS RN 

## 20 Reserves policy 

The PCC's policy is to maintain sufficient reserves to enable the council's continued operation in the event of the temporary loss of use of the Minster for any reason. With particular reference to potential costs of maintaining the fabric of the Minster, the Council considers that the reserves are adequate but not excessive. 

## 21. ~+Related party transactions 

i) Governors of Wimborne Minster ii) Wimborne Minster Preservation and Development Trust iii) Friends of Wimborne Minster ClO iv) Wimborne Minster Church Estate v) Wimborne Educational Trust vi) Wimborne Minster Musical Heritage Trust vii) Michael James Music Trust 

The above are all individually and separately constituted trusts, registered charities or associations which from time to time provide monies by way of grants to Wimborne Minster PCC for specified purposes. As relevant during the year, these amounts are disclosed in note 3 to the accounts. 

Wimborne Minster Limited is a company limited by guarantee, incorporated to operate the shop in the Minster. All profits made by the company are for the benefit of Wimborne Minster PCC and are paid over as a qualifying charge under Gift Aid legislation. The company is however a separate legal entity and its full assets, liabilities, income and expenditure are separately reported and are excluded from these accounts; only the net profits receivable by the PCC are included in these accounts. 

## 22 Other activities 

The following bodies are supported by the PCC but do not form part of the financial statements. 

||2021|2020|
|---|---|---|
||£|Ei|
|Support to Minster Charities|||
|Children’s Society|-|640.97|
|MARS|210.21|277.80|
|Wimborne Foodbank|3,850.00|-|
|LunchandChat|-|1,323.39|



OO oe 



« 

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST CUTHBURGA, WIMBORNE MINSTER 

## NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) 

## FOR THE YEAR ENDED 31 DECEMBER 2021 

|23|Cash generated from operations|2021|2020|
|---|---|---|---|
|||£|£|
||Surplus/(deficit) forthe year|168,084.61|(170,813.11)|
||Adjustments for:|||
||Investment income recognised in statement of financial activities|(8,091.20)|(8,061.24)|
||(Gain)/loss on disposal of investments|-|28,066.13|
||Fairvalue gains and losses on investments|(39,389.44)|(17,885.51)|
||Depreciation and impairment of tangible fixed assets|3,637.19|4,279.05|
||Movements in working capital:|||
||(Increase)/decrease in debtors|(22;173;90)|3,625.09|
||(Decrease) in creditors|(49.64)|(48,386.86)|
||Cashgeneratedfrom/(absorbedby)operations|102,018.02|(209,176.45)|



24 Analysis of changes in net funds The PCC had no debt during the year. 

2 FAoe