Parochial Church Council of United Parish of St. Andrew's - Chinnor, St. Mary's- Sydenham, St. Peter & St. Paul - Aston Rowant and Nativity of the Blessed Virgin Mary- Crowell Annual Report and Financial Statements for the year ended 31 December 2020
Parochial Church Council of United Parish of St. Andrew's - Chinnor, St. Mary's- Sydenham, St. Peter & St. Paul - Aston Rowant and Nativity of the Blessed Virgin Mary - Crowell 31 December 2020 Contents Page Legal and Administration Annual Report of the Parochial Church Council Independent Examiner's Report Statement of Financial Activities Balance Sheet Statement of cash flows Notes forming part of the financial statements 10-17
Parochial Church Council of United Parish of St. Andrew's - Chinnor, St. Mary's- Sydenham, St. Peter & St. Paul - Aston Rowant and Nativity of the Blessed Virgin Mary - Crowell 31 December 2020 Legal and Administration Information Parochial Church Council Rector: Rev'd Dr. Jacky Barr (from 9 July 2020) Curate: Rev'd Dr. Jacky Barr (until 8 July 2020) Retired Clergy Rev'd Joan Deval, Rev'd Dr. Brian Griffiths and Rev'd Des Foote Licenced Lay Minister Margaret Poole Churchwardens: Chinnor: Pat Haywood, Chris McGuire (until 3 June 2020) Sydenham: Fiona Kermack, Roy Harrison Aston Rowant: Richard Boarder, Jeremy Wilcock Crowell: Maggs Warman, Andy Warman Representative on Deanery Synod: Lauretta Milligan, Andrea Oughton, Margaret Poole Elected Members: David Deval, Grace Gibbs, Jackie Griffiths, Gilly Harrison, Pam Hearne (until 28 October 2020), Adele Stancliffe, Shane Swaffield (until 28 October 2020), Sue Wright Co-opted Members: Mark Prescott- PCC Secretary, Michael De Val - Treasurer Address: St Andrew's Church Church Road Chinnor Oxon OX39 4PG ankers: CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME 19 4JQ Lloyds Bank plc 13 Cornmarket Thame OX9 2BN Investment Managers: CCLA Investment Management Limited The CBF Church of England Funds 80 Cheapside London EC3V 6DZ Independent Examiner Sally Russ-silsby ACCA, BA (Hons) Charity registration number: 1142316
Parochial Church Council of United Parish of St. Andrew's - Chinnor, St. Mary's- Sydenham, St. Peter & St. Paul-Aston Rowant and Nativity of the Blessed Virgin Mary- Crowell 31 December 2020 Annual Report of the Parochial Church Council (PCC) The members of the PCC submit their annual report and financial statements for the year ended 31 December 2020. The PCC has adopted the provisions of the Charities Statement of Recommended Practice (SORP) (FRS 102) issued by the Charity Commission in preparing the annual report and financial statements of the Parish and comply with the Church Accounting Regulations 2006 and the Charities Act 2011. More detailed information about all aspects of the life of the Parish is included in the Rector's Report for the Annual Parochial Church Meeting (APCM). Background The PCC registered with the Charity Commission on 8 June 2011 under the name The Parochial Church Council of the Ecclesiastical Parish of St Andrews Chinnor. The PCC has the responsibility of co-operating with the Rector in promoting in the ecclesiastical Parish, the whole mission of the Church, pastoral, evangelistic, social, and ecumenical. It also has maintenance responsibilities for the churches of St. Andrew's - Chinnor, St. Mary's - Sydenham, St. Peter & St. Paul - Aston Rowant and Nativity of the Blessed Virgin Mary- Crowell. embership of the PCC Members of the PCC are either ex-officio or elected by the Annual Parochial Church Meeting in accordance with the Church Representation Rules. Structure The PCC operates through committees, which meet between the full meetings of the PCC as necessary. The committees are as follows: Standing Committee- This is the only committee required by law. It has the power to transact business of the PCC between its meetings, subject to any directions given by the PCC. Parishioners There are 125 parishioners on the Church Electoral Roll. Review of the year The full PCC met six times during the year, with an average attendance of 85 % . In between meetings of the full PCC, meetings were held at each of the four churches to discuss local matters. The Standing Committee met on five occasions.
Parochial Church Council of United Parish of St. Andrew's - Chinnor, St. Mary's- Sydenham, St. Peter & St. Paul - Aston Rowant and Nativity of the Blessed Virgin Mary - Crowell 31 December 2020 Finance review of the year Financial statements are shown on pages 7 to 9 and include Statement of Financial Activities (SOFA) for year ended 31 December 2020, Balance Sheet of 31 December 2020 and Statement of cash flows for year ended 31 December 2020. AcLwipanying notes are shown on pages 10 to17. Statement of Financial Actlvitses (SOFA) on page 7 shows Income and EXn(ritUre for 2020 separated between Unrestricted Funds, Restricted Funds and Endowment Funds. The compositions of the Funds and individual lines of Income and expenditure are commented on below. Unrestricted Funds consists of General Fund, Designated Fabric and Facilities Fund, and Designated Fixed Tangible Assets Fund. Total income for 2020 was £95.238 compared to £106,181 in 2019. The £10,943 fall in income mainly reflected £4,500 reduction in the grant needed for the curate's house and £4,566 reduction in church fees. Given the impact of the paramedic lockdown periods on significantly reducing Sunday services and therefore collections from April to December 2020, PCC is grateful the congregations responded by giving additional donations. Stewardship giving and collections in 2020 at £79,693 was only £1,361 less than comparable amount for 2019. Unrestricted Funds are responsible for paying most of the different types of expenditure shown in SOFA. Total expenditure for 2020 was £116,712 compared to £139,823 for 2019. The main reasons for the £23,111 fall in expenditure were £4,000 reduction for Parish Share, £9,147 reduction for Ministy activities and £5,985 reduction for Building running costs. In particular, the reduction in the opening hours for all four churches during the lockdown .periods enabled considerable reduction in energy costs. Returning to norn1 opening hours will cause future increase in energy costs. Depreciation charge for 2020 was £7,152. Unrestricted FUTNJS had net defia-t £21.474 for 2020. The depreciation charge £7,152 is bome by Destgnated Fixed Tangible Assets Fund. The remaining amount of the net deficit is £ 14.322 and that is bome by Designated Fabric and Facilities Fund rather than by General Fund. Designated Fabric and Facilities Fund was £3.209 on 31 Dernber 2020. therefore in future years that Fund can only take up to £3,209 net deficits. General Fund was maintained at £30.000 throughout 2020. Given the Designated Fabric and Facilities Fund is small, in future the General Fund will be the Parish's main working capital to cover periodic fluctuations between operating income and costs. Working capital to cover two months of operating costs is widely considered the level of working capital a Parish normally requires. Two months operating costs is equivalent to approximately £20,000, therefore, given the General Fund currently is £30.000, PCC considers future years should not accumulate fflore than £10,000 net deficits. Increasing fvndraising activitses and actions to reduce opetIng costs are being considered by the Parish to move from annual net deficits to annual net surpluses. A significant reduction in the amount of Parish Share paid is required in future years compared to £67.980 paid in 2020 year. The churches for Chinnor and Aston Rowant are in the process of establishing Friends of the Church interest groups to gain financial support from local communities towards the churches, fabric and activities. PCC acknowledges an annual missions policy for granting to charities in the UK and overseas of 10 % of annual stewardship and collection income was terminated in 2019. on congregations can restart Sunday services and other meetings, PCC aims to introduce apped days for raising funds for paying mission grants. Restricted Funds income and expenditure shown in Statement of Financial Activities reflects the varied act"wittes for nineteen restricted fvnds that are detailed in Note 18 on page 16. Total income for 2020 was £41,469, which mainly refleGted ge.nerous donations to the FabriG Furxls for Aston Rowant. Chinnor and Sydenham. aT SODC'S generous grant to Chinnor Church Hall. SODC'S grant to Chinnor Church Hall amounted to £10,000 and use of the grant is restricted to continuation of the HaH's activities in offering the hall for use by interested groups in the local communtty. Given the restricted status of a high proportion of Hall's funds, PCC decided to classrfy Chinnor Church Hall as a restricted rather than an unrestricted Fun(1 Restricted Funds total expenditure for 2020 was £32,096, which mainly reflected high expenditure for re,pairing the spire for St. Marys, Sydenham and the bell tower for St. Andrew's, Chinnor.
Parochial Church Council of United Parish of St. Andrews - Chinnor, St. Mary's- Sydenham, St. Peter & SL Paul - Aston Rowant and Nativity of the Blessed Virgin Mary- Crowell 31 December 2020 Given the Designated Fabric and Facilities Fund is small at £3,209 and is likely to be fully used in 2021 for funding net deficit for Unrestricted Funds, future fabric work for the churches will have to be funded by existing restricted fabric funds and specific appeals and fundraising activities. Friends of the Church interest groups, as referred to above, could become major funders for fabric work. Permanent Endowment Funds are the Benton and Elsie Pullen Bequests. The Funds are represented by units in the Church of England Investment Fund and the investment net gain shown in SOFA for 2020 reflects the annual net unrealised investment gains of £5,589 and £111, respectively. Closing investment values as at 31 December 2020 amounted to £91,236. The investments provide regular income as dividends during the year. For 2020 the investment income was £2,561, thereby adding £2,511 to Chinnor Fabric Fund and £50 to Sydenham Churchyard Fund. The Statement of cash flows for 2020 on page g shows an overall £1,176 decrease of cash in the year reflecting the net cash oufflow from all operating activities of £3.534 plus investment income of £2,774 less £416 for purchase of the contactless giving device for St Andrew's Church. The total amount of cash funds held in hand, bank deposits and current accounts at 31 December 2020 was £118,134 Compared to £119,310 at 31 December 2019. PCC considers that it can continue as a going concem from a financial perspective to enable the United Parish to continue in the longer tern with its full range of services for the local communities despite the remaining months of the coronavirus pandemic. Independent Examiner A resolution proposing Sally Russ-silsby be appointed as independent examiner to the PCC will be placed before the Annual Parochial Church Meeting on 7 June 2021. Statement of Trustees. Responsibilities for the year ended 31 December 2020 Charity law requires the Trustees i.e. members of the PCC, to prepare accounts for each financial year which give a true and fair view of the state of affairs of the PCC and of the surplus or deficit of the PCC for that period. In preparing those accounts, the Trustees are required to: select suitable accounting policies and apply them consistently; make judgements and estimates that are reasonable and prudent" state whether applicable accounting standards and statements of recommended Practi have been followed, subject to any departures disclosed and explained in the financial statements; and prepare the accounts on the going-concern basis unless it is inappropriate to presume that the Trust will continue in operational existen. The Trustees are responsible for keeping proper accounting records which disdose with reasonable accuracy at any time the financial position of the PCC and to enable them to ensure that the Accounts comply with the Charities Act 2011 (the 2011 Act). They are also responsible for safeguarding the assets of the PCC and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. This report was approved by the PCC on 2 May 2021 and signed on its behalf by: Rev'd Dr. Jacky Barr Chairman
Parochial Church Council of United Parish of St. Andrew's - Chinnor, St. Mary's- Sydenham, St. Peter & St. Paul - Aston Rowant and Nativity of the Blessed Virgin Mary - Crowell 31 December 2020 I report on the accounts of the Parochial Church Council for the year ended 31 December 2020. Respective responsibilities of the PCC and examiner The members of the Parochial Church Council are responsible for the preparation of accounts for each financial year which gives a true and fair view of the state of affairs of the Parochial Church Council and of the surplus or deficit of the Parochial Church Council for that period. In preparing those accounts, the members of the Parochial Church Council are required to: select suitable accounting policies and apply them consistently; make judgements and estimates that are reasonable and prudent; state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements; and prepare the accounts on the going-concern basis unless it is inappropriate to presume that the Parochial Church Council will continue in operational existence. The members of the Parochial Church Council are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Parochial Church Council and to enable them to ensure that the accounts comply with the Church Accounting Regulations 2006 and the Charities Act 2011. They are also responsible for safeguarding the assets of the Parochial Church Council and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Parochial Church Council considers that an audit is not required for this period under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is the examiner's responsibility to: examine the accounts in accordance with the Church Accounting Regulations 2006 and (under section 145 of the 2011 Act). follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145(5)(b) of the 2011 Act); and state whether particular matters have come to my attention. Basis of independent examiner's statement My examination was carried out in accordance with the General Directions given by the Charity Commissioners and the Church Guidance, 2006 edition. An examination includes a review of the accounting records kept by the PCC and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as members of the PCC concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts. Independent examiner's statement In connection with my examination, no matter has come to my attention: 1 . which gives me reasonable cause to believe that in any material respect the requirements: to keep accounting records in accordance with the Church Accounting Regulations 2006 and section 130 of the 2011 Act; and to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met; or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be re Russ-silsby Independent Examiner &13llkLI Date
Parochial Church Council of United Parish of St. Andrew's - Chinnor, St. Mary's- Sydenham, St. Peter & St. Paul - Aston Rowant and Nativity of the Blessed Virgin Mary - Crowell 31 December 2020 Statement of Financial Activities (SOFA) for the year ended 31 December 2020 Notes Unrestricted Funds Restricted Funds Endowment Funds Total Funds 2020 Total Funds 2019 Income Stewardship giving Collections and other donations Fundraising and trading Specific donations Chinnor Church Hall Rents Church Fees Investment income Investment net gains Total Income 73,575 6,118 209 1,500 73,575 69,004 6,118 12,050 1,291 6,021 24,384 49,089 14,942 6,465 6,190 6,190 7,433 11,999 2,774 2,743 5,700 13,478 142,407 177,039 1,082 22,884 14,942 6,190 7,433 213 2,561 13 5,700 5,700 95,238 41,469 Expenditure Parish Share for Diocese Chinnor Church Hall The Ministry Annual Missions and charitable donations Upkeep of Services Administration Building running costs Churchyards and car parks Miscellaneous Depreciation 67,980 67,980 5,584 7,581 377 71,980 6,070 16,728 668 5,584 7,581 377 2,353 9,581 20,932 3,498 5,851 9,581 41,382 1,848 1,472 7,152 4,361 10,036 43,999 1,024 4,062 7,111 10 20,450 1,848 339 11 12 1,133 7,152 Total Expenditure 116,712 32,096 148,808 166,039 Net (deficit) / surplus (21,474) 9,373 5,700 (6,401) 11,000 Fund balances at l January 18 199,020 89,606 85,536 374,162 363,162 Transfer between funds (1,366) 1,366 Fund balances at 31 December 18/19 176,180 100,345 91,230 307,701 374,162 All above results are derived from continuing activities. All gains and losses recognised in the year are included above. The accompanying notes on pages 10 to 17 are an integral part of these financial statements
Parochial Church Council of United Parish of St. Andrew's - Chinnor, St. Mary's- Sydenham, St. Peter & St. Paul- Aston Rowant and Nativity of the Blessed Virgin Mary- Crowell 31 December 2020 Balance Sheet 31 December 2020 2020 2019 Notes Fixed assets Tangible assets Investments 12 13 142,971 91,236 149,707 85,536 234,207 235,243 Current assets Debtors Short term deposits Cash at bank and in hand Chinnor Church Hall Cash at bank and in hand 14 15 16 17,914 48,477 58,933 10,724 22,900 45,956 71,988 1,366 136,048 142,210 Creditors: amounts falling due within 17 (2,494) (3,291) one year Net current assets 133,554 138,919 Net assets 367,761 374,162 Funds Unrestricted General Designated Fixed Tangible Assets Designated Fabric and Facilities 18/19 18/19 18/19 30,000 142,971 3,209 30,000 149,707 17,947 Total Unrestricted 176,180 197,654 Restricted 18/19 100,345 90,972 Permanent Endowment 18/19 91,236 85,536 Total funds 367,761 374,162 The accompanying notes on pages 10 to 17 are an integral part of these financial statements. The Annual Report and Financial Statements for the year ended 31 December 2020 were approved and authorised for issue by the Parochial Church Council on 2 May 2021 and signed on their behalf by: Michael De Val Treasurer
Parochial Church Council of United Parish of St. Andrew's - Chinnor, St. Mary's- Sydenham, St. Peter & St. Paul - Aston Rowant and Nativity of the Blessed Virgin Mary - Crowell 31 December 2020 Statement of cash flows for the year ended 31 December 2020 2020 2019 (a) NET CASH OUTFLOW FROM OPERATING ACTIVITIES (see (b)) Investment income Capital plant and equipment for churches DECREASE OF CASH IN THE YEAR (3,534) 2,774 (416) (1,176) (25,434) 2,743 (7,958) (30,649) (b) Reconciliation of net (expenditure) / income for the year to net cash inflow from operating activities 2020 2019 Net (deficit) / surplus Less: Investment income Less: Investment gains. Add: Investment losses Add: Depreciation charges Decrease / (Increase) in Debtors (Decrease) / Increase in Creditors (6,401) (2,774) (5,700) 7,152 4,986 (797) 11,000 (2,743) (13,478) 7,111 145 (27,469) Net cash outflow from operating activities (3,534) (25,434) (c) Reconciliation of decrease of cash in the year to movement in net cash funds 2020 2019 Decrease of cash in the year (see (a)) (1,176) (30,649) Net cash funds as at l January 119,310 149,959 Net cash funds as at 31 December 118,134 119,310
Parochial Church Council of United Parish of St. Andrew's - Chinnor, St. Mary's- Sydenham, St. Peter & St. Paul - Aston Rowant and Nativity of the Blessed Virgin Mary - Crowell 31 December 2020 Accounting Policies 1.1 Accounting convention The statements have been produced under the historical cost convention except for the valuation of investment assets, which are shown at market value. The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 together with applicable accounting standards and the Charities SORP. Funds General funds represent the funds of the church that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC. Designated funds comprise of unrestricted funds that have been set aside by the Board of Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the church for particular purposes. Permanent endowments represent capital that must be kept permanently by the PCC. These include: Benton Bequest, a permanent endowment, which provides income to be used for the maintenance of St. Andrew's church and churchyard, and for any surplus income to be applied at the discretion of the PCC. and the Elsie Pullen Bequest, a permanent endowment, which provides income that has to be used solely for the maintenance of Sydenham churchyard. 1.3 Coverage The accounts include all transactions, assets and liabilities for which the PCC is responsible in law. They do include the Chinnor Church Hall but do not include the accounts of church groups that owe their main affiliation to another body, nor those that are informal gatherings of church members. 1.4 Income Voluntary Income and Capital Sources Collections are recognised when received by or on behalf of the PCC. Planned giving receivable under covenant or gift aid is recognised only when received. Income Tax recoverable on covenants or gift aid donations is recognised when the income is recognised. Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement and there is certainty of the amount due. Funds raised by fetes, garden parties or similar events are accounted for gross. Sale of guide books and parish magazines from the church bookstall are accounted for gross. Other Ordinary Income Dividends and interest are accounted for when receivable. Tax recoverable on such income is recognised in the same accounting year. 10
Parochial Church Council of United Parish of St. Andrew's - Chinnor, St. Mary's- Sydenham, St. Peter & St. Paul - Aston Rowant and Nativity of the Blessed Virgin Mary - Crowell 31 December 2020 1.5 Expenditure All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. 1.6 Investments Investments are stated at market value on the balance sheet date. The SOFA includes the realised gains or losses that are recognised when investments are sold and tle unrealised gains or losses that are accounted for on revaluation of investments at 31 st December. 1.7 Grants Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC. 1.8 Fixed Assets Consecrated Land and Buildings and Moveable Church Furnishings Consecrated and beneficed property is excluded from the accounts by s.96 (2) (a) of the Charities Act 1993. No value is placed on moveable church furnishings held by the churchwardens on special trust for the PCC and which require a faculty for disposal, since the PCC considers this to be inalienable property. All expenditure incurred during the year on consecrated or benefice buildings and moveable church furnishings, whether maintenance or improvement, is written off as expenditure on the SOFA separately disclosed. Unconsecrated land and buildings The insured value of the building's element of an unconsecrated property is depreciated on a straight-line basis over 50 years. Capital plant and equipment for the churches Capital plant and equipment for the churches is depreciated on a straight-line basis over ten years. Other Fixtures, Fittings and Office Equipment Other fixtures, fittings and office equipment used within the church premises is depreciated on a straight-line basis over four years. 1.9 Current Assets Amounts owing to the PCC at 31st December in respect of legacies, fees, income tax recoverable, rents or other income are shown as debtors, less provision for amounts that may prove uncollectable. Short-term deposits include cash held on deposit either with the Central Board of Finance Church of England Fund or an approved bank. 1.10 Current Liabilities Liabilities consist of mission commitments and liabilities owed to any third party. 11
Parochial Church Council of United Parish of St. Andrew's - Chinnor, St. Mary's- Sydenham, st. Peter & St. Paul - Aston Rowant and Nativity of the Blessed Virgin Mary - Crowell 31 December 2020 2. Stewardship giving Unrestricted Restricted Endowment Total Funds Total Funds 2020 2019 Stewardship giving Income tax recoverable 58,300 15,275 73,575 59,200 15,275 73,575 52,gGI 16,143 69,004 3. Fundraising and Trading Unrestricted Restricted Endowment Total Funds 2020 Total Funds 2019 Social activities, Fetes and Markets Bookstall 143 66 209 1,082 1,225 66 1,291 6,021 1,082 6,021 4. Specific Donations Unrestricted Restricted Endowment Total Funds Total Funds 2020 2019 Michael Holland for rent of curate house Chinnor Churchyard Fund Chinnor Sound System Fund Chinnor Fabric Fund Chinnor Discretionary Fund Chinnor Flower Fund Chinnor Organ Restoration Fund Chinnor Churches Go Wild Fund Sydenham Churchyard Fund Sydenham Fabric Fund Aston Rowant Fabric Fund Aston Rowant General Fund Aston Rowant Churchyard Fund Crowell Fabric Fund REinspired Fund Education Youth and Child Fund 1,500 1,500 6,000 500 1,500 6,064 1,500 6,064 26,611 1,584 19 1,779 648 300 2,042 739 310 6,896 155 1,098 408 49,089 12,167 2,095 12,167 2,095 896 150 896 150 1,500 22,884 24,384 5. Rents Unrestricted Restricted Endowment Total Funds Total Funds 2020 2019 Sydenham School Room Sydenham School House Land at Aston Rowant and Crowell 100 6,000 90 6,190 100 6,000 90 6,190 100 6,000 90 6,190 12
Parochial Church Council of United Parish of St. Andrew's - Chinnor, St. Mary's- Sydenham, St. Peter & St. Paul - Aston Rowant and Nativity of the Blessed Virgin Mary ~ Crowell 31 December 2020 6. Investment income Unrestricted Restricted Endowment Total Funds Total Funds 2020 2019 Deposit interest Benton bequest investment dividend Elsie Pullen bequest investment dividend 213 213 2,511 256 2,438 2,511 50 50 49 213 2,561 2,774 2,743 7. The Ministry Unrestricted Restricted Endowment Total Funds Total Funds 2020 2019 Rector's expenses Assistant clergy expenses Curate's housing and expenses 2,109 991 4,481 7,581 2,109 991 4,481 7,581 740 2,285 13,703 16,728 8. Upkeep of Services Unrestricted Restricted Endowment Total Funds Total Funds 2020 2019 Altar requisites Service books and music Organ and piano tuning Organist fees 410 637 1,146 160 410 637 4,644 160 1,354 1,353 1,109 545 3,498 2,353 3,498 5,851 4,361 9. Administration Unrestricted Restricted Endowment Total Funds Total Funds 2020 2019 Administrator Cleaner Copying and printing Security system Stationery and software Telephone and internet 2,912 744 4,658 179 499 589 9,581 2,912 744 4,658 179 499 589 9,581 3,068 1,020 3,978 131 1,113 726 10,036 13
Parochial Church Council of United Parish of St. Andrew's - Chinnor, St. Mary's- Sydenham, St. Peter & St. Paul - Aston Rowant and Nativity of the Blessed Virgin Mary - Crowell 31 December 2020 10. Building running costs Unrestricted Restricted Endowment Total Funds 2020 Total Funds 2019 Building maintenance Energy and water Insurances Sydenham School House Chinnor Fabric Fund Sydenham Fabric Fund Aston Rowant Fabric Fund 1,471 7,393 11,591 477 1,471 7,393 11,591 477 5,052 14,168 1,230 41,382 1,169 13,667 12,081 5,052 14,168 1,230 20,450 16,969 113 43,999 20,932 11. Miscellaneous Unrestricted Restricted Endowment Total Funds Total Funds 2020 2019 Reinspired Fund Legal and valuation fees Education Youth and Child Fund Copyright licenses & subscriptions Sundries Bank charges 175 175 858 1,932 514 55 628 75 4,062 164 164 25 997 111 1,472 25 997 111 1,133 339 12. Fixed Tangible Assets School Room Sydenham School House Sydenham St. Andremrfs Agricultural Capital Church Hall land with plant and Aston Rowant equipment and Crowell Total Gross Valuation at l January 2020 Additions at 31 December 2020 90,562 51,390 90,000 2,200 24,716 258,868 416 416 25,132 259,284 90,562 51,390 90,000 2,200 Depreciation at l January 2020 Charge for year at 31 December 2020 41,653 1,811 43,464 23,639 1,028 24,667 41,397 1,800 43,197 2,472 109,161 2,513 7,152 4,985 116,313 Net Book Values at 31 December 2020 at 31 December 2019 47,098 48,909 26,723 27,751 46,803 48,603 2,200 2,200 20,147 142,971 22,244 149,707 14
Parochial Church Council of United Parish of St. Andrew's - Chinnor, St. Mary's- Sydenham, St. Peter & St. Paul - Aston Rowant and Nativity of the Blessed Virgin Mary - Crowell 31 December 2020 (12. Fixed Tangible Assets continued) The gross valuations of the buildings are based upon values for insurance purposes as they are considered to be a fair estimate of the current value of the properties. Depreciation is charged at 2% per year on the buildings and IO% per year on the capital plant and equipment installed in the churches. The agricultural land has been valued on the basis of a 7% income yield and has not been depreciated. 13. Investments Balance at l January 2020 Unrealised gains on revaluation Balance at 31 December 2020 Benton Bequest Elsie Pullen Bequest 83,865 1,671 85,536 5,589 111 5,700 89,454 1,782 91,236 The investments consisted of units of the Central Board of Finance Church of England Investment Fund- Income shares that are held by the Diocesan Trustees (Oxford) Limited on behalf of the PCC. 14. Debtors Unrestricted Restricted Endowment Total 2020 Total 2019 Income tax recoverable VAT recoverable Insurances pre-paid Sundry 16,004 16,004 17,144 5,097 659 705 1,205 17,914 705 1,205 17,914 22,900 15. Short Term Deposits Unrestricted Restricted Endowment Total 2020 Total 2019 CAF Deposit CCLA CBF Church of England Virgin Money Deposit 10,105 38,371 10,105 38,371 10,047 35,705 204 45,956 48,477 48,477 16. Cash at Bank and in Hand Unrestricted Restricted Endowment Total 2020 Total 2019 CAF Current Account Lloyds Current Account Cash in Hand 54,005 921 4,007 58,933 54,005 921 4,007 58,933 60,800 5,548 5,640 71,988 15
Parochial Church Council of United Parish of St. Andrew's - Chinnor, St. Mary's- Sydenham, St. Peter & St. Paul - Aston Rowant and Nativity of the Blessed Virgin Mary - Crowell 31 December 2020 17. Creditors: Amounts falling due within one year Unrestricted Restricted Endowment Total 2020 Total 2019 Mission commitments Suppliers 1,770 1,521 3,291 2,494 2,494 2,494 2,494 18. Movement on Funds Balance l January 2020 Income Expenditure Net surplus / (deficit) Transfers between funds Investment gains Balance 31 December 2020 Unrestrirted Funds: General 30,000 95,238 1109,560) (7,152) (14,322) (7,152) 14.322 30,000 Designated Fixed Tangible Assets Designated Fabric and Facilities Sub Total 149,707 17,947 197,654 416 142,971 3,209 176,180 (14,738) 95,238 (116,712) (21,474) Restricted Funds: Aston Rowant Churchyard Aston Rowant Fabric Aston Rowant General Chinnor Church Hall Chinnor Discretionary Chinnor Churches Go Wild Chinnor Churchyard Chinnor Sound System Chinnor Fabric Chinnor Flower Chinnor Choir Chinnor Organ Restoration Crowell Fundraising Crowell Fabric Crowell General Education Youth and Child REinspired Sydenham Churchyard Sydenham Fabric Sub Total Permanent Endowments: Benton Bequest Elsie Pullen Bequest Sub Total 7,461 9,013 896 {1,664) {1,230) (768) 865 6,693 9,878 2,095 6,352 1,366 5,378 741 6,359 10,724 5,006 741 14,942 (5,584) (377) 9,358 {372) 299 (184) (184) 1.500 4.605 115 1,500 9,657 1,500 29,654 2,982 75 25,049 2,982 (5,052) 75 10,070 164 (3,498) (3,498) 6,572 164 1,944 150 150 2,094 89 89 589 (164) (175) (164) (175) 50 425 1,528 647 1,353 697 50 17,225 90,972 12,167 41,469 (14,168) {32,096) (2,001) 9,373 15,224 100.345 83,865 5,589 89,454 1,671 85,536 111 1,782 91,236 5,700 Total Funds 374,162 136,707 (148,808) (12,101) 5,700 367,761 16
Parochial Church Council of United Parish of St. Andrew's - Chinnor, St. Mary's- Sydenham, St. Peter & St. Paul - Aston Rowant and Nativity of the Blessed Virgin Mary ~ Crowell 31 December 2020 19. Analysis of Funds as represented by Net Assets Unrestricted Designated General Fund Funds Restricted Funds Permanent Endowments Total 2020 Total 2019 Fixed tangible assets Investments Net current assets 142,971 142,971 149,707 91,236 85,536 133,554 138,919 91,236 30,000 3,209 100,345 30,000 146,180 100,345 91,236 367,761 374,162 17