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2021-12-31-accounts

Charity Registration Number

1142767

Evesham Parochial Church Council

The Parochial Church Council of All Saints, Evesham with St Lawrence

Unaudited Financial Statements

For the Year Ended 31 December 2021

Evesham Parochial Church Council

Contents of the Financial Statements For the Year Ended 31 December 2021

Page
Report of the Trustees 1 - 6
Statement of Trustees' Responsibilities 7
Independent Examiner's Report 8
Statement of Financial Activities 9
Balance Sheet 10
Notes to the Financial Statements 11 - 26

Evesham Parochial Church Council

Report of the Trustees For the Year Ended 31 December 2021

The trustees present their report with the financial statements of the charity for the year ended 31 December 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing the accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

Administrative Information

The PCC is a body corporate (PCC Powers Measures 1956, Church Representation Rules 2006) and is a charity registered with the Charity Commission. The correspondence address and key contact details are given below.

Registered charity number (England & Wales): Registered office and Correspondence address:

Office telephone: E-mail: Website:

1142767 Church House Market Place Evesham Worcestershire WR11 4RW 01386 442213 office@evesham.church www.eveshamparish.com

Day to day management is delegated to the Parish Administrator, Katy Tarplee.

Members of the PCC

Incumbent: Church Wardens:

Deanery Synod Representatives: Members: (excluding ex officio)

Lay Chair of the Council: Secretary: Covenant Registrar: Disclosure and Barring Service (DBS) Registrar: Representatives to Churches Together:

Reverend Andrew Spurr John Inwood (Resigned 07/09/2021) Roberta Matthews (Resigned 01/03/2021) Amanda Palmer (Appointed 24/04/2021; Resigned 07/09/2021) John Ellis (Appointed 04/10/2021) Karen Sumpter Carol Sheehan Rosie Grove John Liggitt Sheila Wilkinson (Resigned 24/04/2021) Sara Greedy Clive Greedy Amy Hall-Cook David Hall Lee Fisher John Ellis Jayne Fleetwood

Sara Greedy Carol Sheehan Carol Sheehan Rosie Grove Roberta Matthews

1

Evesham Parochial Church Council

Report of the Trustees

For the Year Ended 31 December 2021 (continued)

Members of the PCC (Continued)

PCC members are appointed in accordance with the Church Representation Rules. The Incumbent, Church Wardens, Asum Lay Minister and Deanery Synod Representatives are ex-officio members of the PCC. Other members are elected at the Annual Parochial Church Meeting (APCM), or co-opted during the year.

Bankers, legal and other advisors:

Bankers: CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ Independent Examiner: Rob Richards FCA CTA FCCA The Richards Sandy Partnership Ltd Thorneloe House 25 Barbourne Road Worcester WR1 1RU Surveyor: Alan Simcox Nick Joyce Architects LLP 5 Barbourne Road Worcester WR1 1RS

Objects and Activities

The primary object of all PCCs is the promotion of the Gospel of our Lord Jesus Christ, according to the doctrines and practices of the Church of England. The PCC has the responsibility of co-operating with the incumbent in promoting in the ecclesiastical parish of Evesham, All Saints with St Lawrence the whole mission of the Church, pastoral, evangelistic, social and ecumenical.

The PCC is committed to enabling as many people as possible to worship in All Saints and to become part of the parish community. Our services and worship put faith into practice through prayer and scripture, music and sacrament.

The PCC has complied with its duty under section 17(5) of the Charities Act 2011 to have due regard to guidance on public benefit, published by the Charity Commission.

The PCC is aware of its duty to have regard to House of Bishops’ guidance on safeguarding children and vulnerable adults. The PCC uses the ‘Safeguarding Toolkit’ provided in the diocese as a way of self-assessment to seek to ensure it fulfils that duty.

We try to enable people to live out their faith as part of our parish community through:

To facilitate this work it is important that we maintain the fabric of the Church of All Saints and adjoining Church House.

2

Evesham Parochial Church Council

Report of the Trustees

For the Year Ended 31 December 2021 (continued)

Structure, Governance and Management

In 2021 the PCC worked through the following committees:

Standing Committee

The only committee required by law. It has the power to transact the business of the PCC between its meetings, subject to any directions given by the Council. This committee comprises the Incumbent, the Churchwardens, the Treasurer and the Chair of the Finance Committee. The chair of this committee is the Reverend Andrew Spurr.

Liturgy and Mission Committee

Responsible for formulating mission policy for the PCC and for co-ordinating the working of the church’s mission in appropriate liturgy. The chair of this committee is the Reverend Andrew Spurr.

Fabric Committee

Responsible for managing the repair and upkeep of the properties for which the PCC is responsible. The chair of this committee is John Inwood.

Finance Committee

Responsible for overseeing the finances of the PCC. The chair of this committee

Financial Review

The total of unrestricted voluntary giving has increased this year to £32,762 compared to £29,729 in 2020. As illustrated in the table below, the number of regular givers has decreased by 1, but the average giving has increased by 10%.

Year Regular
Giving (with
Gift Aid)		 Regular
Giving (not
Gift Aid)		 Total
Numbers		 Total Regular
Giving		 Average
Giving
2017 31 7 38 21,473 565
2018 29 10 39 19,632 503
2019 29 9 38 24,262 638
2020 27 5 32 19,241 601
2021 24 7 31 20,471 660

The “Goodbox”, has generated receipts of £1,095 (2020: £279) during the year. The increased figure reflects the opening of the church following lockdown. There is a distinct seasonality to the receipts with 54% being received in the July – September quarter.

Again, we have benefitted from the valuable support from John Martin’s Charity where we have received £17,498 in 2021 (£19,265 in 2020).

We have not received any legacies in 2021 (2020: £2,000)

Unrestricted income from activities for generating funds has decreased from £7,480 in 2020 to £5,070 in 2021. The prior year included a gift from The Friends of All Saints for stonework repairs.

There has been a small reduction in income from our financial investments from £3,580 to £2,825.

3

Evesham Parochial Church Council

Report of the Trustees

For the Year Ended 31 December 2021 (continued)

The income from our property investments reduced from £19,680 in 2020 to £16,799 in 2021. This was due to the residential property being unoccupied for part of the year whilst refurbishment was carried out. As a result of this refurbishment, our rental income will be increased in 2022. The income from both of these properties continues to be a valuable contribution to our operating expenditure.

Our income from fees charged for wedding and funerals has increased to £2,209 (2020 £1,735) due to increased activity in weddings and funerals.

There has been a further decrease in the income from the Parish Magazine, and a decrease in costs. The net cost to produce and distribute the magazine is now £222 (2020 - £249).

Investment management costs have increased from £3,287 in 2020 to £6,583 in 2021. This was due to the refurbishment costs at 16 Albert Road. The net surplus realised from these investments was £10,216 (2020 - £16,393). This is expected to reverse in 2022 as 16 Albert Road has been relet at a higher rental.

Donations for our Food Bank have increased substantially from £10,572 in 2020 to £15,196 in 2021. The costs of providing goods for the Food Bank have also increased from £4,845 to £6,304. The demand for this service has seen a substantial increase and some of the current surplus funds will be used to improve the service facilities in 2022.

During 2021 there were a total of 1,292 food parcels given out. This compares to 1,216 in 2020 but less than 500 in the preceding years.

All foodbank funds have been reclassified as restricted following increased donations for this specific purpose.

Ministry expenses have decreased to £1,138 (2020: £2,019). The costs of the ASUM Lay Missioner are no longer shared with the parishes of St Peters (Bengeworth), St Andrew (Hampton) and All Saints (Evesham).

There has been a small decrease in our insurance premiums. The total premium for 2021 was £6,702 (2020: £7,190).

The costs of Electricity and Gas have increased from £7,854 in 2020 to £9,619 in 2021.

Expenditure on Caretaking has increased following the appointment of a new caretaker during the year.

The Statement of Financial Activities (SOFA) shows that the PCC continues to have net unrestricted expenses exceeding income. In 2021, this amounted to £32,725 compared with £29,472 in 2020.

The trustees have reviewed the appropriate risks to the charity and recognise that loss of funding and voluntary income is a substantial risk facing the charity given the continuing deficits year on year. They believe that a minimum of 12 months expenditure at current levels should be retained to ensure that the charity is able to continue its operations for a year should funding and donations become difficult to obtain. Total unrestricted expenditure for the year amounted to £109,888 and therefore current free reserves of £72,203 being 7.8 months expenditure (2020: 9.5 months). The trustees therefore confirm that the reserves policy has been exceeded and will continue to work to ensure that the retained earnings remains above this level in the future.

4

Evesham Parochial Church Council

Report of the Trustees

For the Year Ended 31 December 2021 (continued)

It is essential that we continue to review both the raising of income and the reduction of our costs without reducing the level of mission that we currently undertake.

Five Year Review

Giving, activities and other
Voluntary income (giving)
Generating funds
Other income
Income giving/activities
Resources expended
Parish share
Other expenses
Total resources expended
Net incoming/(outgoing) before investment income
Investment income
Net incoming/(outgoing) before grants and legacies
Grants and legacies
Grant income
Legacies and memorials
Net incoming/(outgoing) resources		 2017
2018
2019
2020
2021
£
£
£
£
£
42,614
38,120
39,629
40,571
49,276
15,717
6,578
14,721
7,480
5,070
4,416
5,992
3,832
1,735
2,209
62,747
50,690
58,182
49,786
56,555
39,029
40,986
30,652
31,265
31,265
131,404
93,126
99,889
92,094
91,665
170,433
134,112
130,541
123,359
122,930
(107,686)
(83,422)
(72,359)
(73,573)
(66,375)
27,292
27,314
25,659
24,659
21,659
(80,394)
(56,108)
(46,700)
(48,914)
(44,716)
24,488
20,790
20,318
19,265
17,498
-
200
200
2,000
-
(55,906)
(35,118)
(26,182)
(27,649)
(27,218)

Designated Funds

The PCC has designated the following funds: Mission and Liturgy Reserve and Fabric Reserve. The policy on designated reserves is reviewed annually by the PCC. The analysis of designated funds includes reconciliations back to the headings in the main financial statements. Where items have not been assigned to a fund (notably fixed assets and the creditor for parish share) these are reconciling items.

Mission and Liturgy Fund

The Mission and Liturgy Fund is intended to provide funds to support the work of the PCC in promoting the whole mission of the church (pastoral, evangelistic, social and ecumenical) in the ecclesiastical parish of Evesham, All Saints and St Lawrence. The residential investment property, previously the curate’s house, has been allocated to this fund. Rental income from this property is used to maintain this asset and to support mission and liturgy work. Any excess of income over expenditure is transferred to the General Fund.

The fund had income of £5,356 (2020 £8,484) and expenses of £13,706 (2020 £10,198). The residential property’s value was reviewed and its carrying value has been increased from £180,000 to £200,000. After a transfer from the unrestricted fund of £8,350, the balance on this fund at 31 December 2021 was £200,000 (2020 £180,000) representing the value of the residential rental property.

Fabric Fund

The Fabric Fund is intended to provide funds to support the PCC in maintenance responsibilities for All Saints Church, Church House and the Bell Tower. As might be expected of buildings of their age, and despite regular maintenance,

substantial liabilities arise from time to time regarding the fabric of these buildings.

5

Evesham Parochial Church Council

Report of the Trustees For the Year Ended 31 December 2021 (continued)

The existing investments, built up over many years through goodwill and generosity of the parishioners, have been assigned to the maintenance and upkeep of the church buildings. These investments help ensure adequate realised income to fund expected repairs, running costs and capital improvements. Unrealised gains are retained in the assets to help ensure an adequate future asset base. Any surplus of realised income over expected expense is transferred to the General Reserve.

This fund had income of £12,332 (2020: £16,347) and expenditure of £23,513 (2020: £35,468). A transfer of £11,181 was made from the General Fund. After revaluation and disposal gains on investments of £14,204 (2020 gain of £8,098) the balance on this fund at 31 December 2021 was £287,400 (2020 £273,197), representing investment assets and cash.

General Unrestricted Fund

All other accounts (assets, liabilities, income and expenses) have been allocated to the General Fund. The General

Fund is maintained to cover any short-term excess of expenditure over income, unforeseen rises in expenditure and other financial contingency, and to provide adequate working capital so that the operations of the PCC can be maintained at such times. Parish share is paid out of General Reserve. It is the policy of the PCC to hold a balance on the General Reserve equivalent to twelve months expected general expenditure (that is, expenditure not relating to mission, liturgy or fabric expenses and excluding parish share).

The fund had income of £59,475 (2020 £58,636) and expenses of £72,669 (2020 £67,275) including parish share of £31,265 (2020 £31,265). After transfers to designated funds the balance on this reserve was £27,768 (2020 £60,493).

Financial Review Summary

The statement of financial activities (SOFA) shows that unrestricted incoming resources amount to £77,163 (2020 £83,468). Unrestricted resources expended amounted to £109,888 (2020 £112,941) and net outgoing resources were therefore £32,725 (2020 £29,473). The principal funding sources are voluntary donations from congregation and investment income from CBF investment accounts. Restricted incoming resources were £18,549 (2020 £12,241) and expenses £13,042 (2020 £10,418) leading to net restricted income of £5,507 (2020 income £1,823). The principal funding sources are voluntary giving and investment income.

6

Evesham Parochial Church Council Report of the Trustees For the year ended 31 December 2021 (Continued)

Statement of Trustees’ Responsibilities

The trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud or other irregularities.

The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Approved by the Parochial Church Council on March 2022 and signed on its behalf by:

Revd Andrew Spurr

7

Independent Examiner's Report to the Trustees of Evesham Parochial Church Council

I report to the members on my examination of the accounts of the PCC for the year ended 31 December 2021 which are set out on pages 6 to 26.

Responsibilities and basis of report

As the charities members 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 charity’s accounts carried out under section 145 of the 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 giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts 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.

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.

Rob Richards FCA CTA FCCA The Richard Sandy Partnership Ltd Chartered Certified Accountants Thorneloe House 25 Barbourne Road Worcester WR1 1RU

8

Evesham Parochial Church Council Statement of Financial Activities for the year ended 31st December 2021

Unrestricted Restricted Restricted YTD YTD
Notes Funds Funds Funds Funds
2021 2020
£ £ £ £
Incoming resources
Incoming resources from generated funds
Voluntary income (giving) 32,762 16,514 49,276 40,571
Voluntary income (grants) 17,498 - 17,498 19,265
Voluntary income (legacies) - - - 2,000
Activities for generating funds 5,070 - 5,070 7,480
Investment income 19,625 2,034 21,659 24,659
Incoming resources from church activities 2,209 - 2,209 1,735
Total incoming resources 2 & 6 77,163 18,549 95,711 95,710
Resource expended
Costs of generating funds
Costs of generating voluntary income 813 - 813 1,053
Investment management costs 6,583 - 6,583 3,287
Church activities 69,791 13,042 82,833 86,398
Parish share 31,265 - 31,265 31,265
Governance costs 1,436 - 1,436 1,356
Total resources expended 3 & 6 109,888 13,042 122,930 123,359
Net outgoing resources (32,725) 5,507 (27,219) (27,649)
Other recognised gains/losses
Gain on revaluation of investment properties 20,000 - 20,000 -
Realised gain on sale of investments 1,854 - 1,854 -
Unrealised gain/(loss) on revaluation of investments 12,350 9,433 21,783 11,312
Net movement in funds 1,479 14,940 16,418 (16,338)
Reconciliation of Funds
B/Fwd Balance 513,689 116,558 630,247 646,585
C/Fwd Balance 515,168 131,498 646,665 630,247

9

Evesham Parochial Church Council Balance Sheet as at 31st December 2021

Notes
Fixed assets
Tangible fixed assets
12
Investment properties
13
Investments
14
Current assets
Debtors and prepayments
Prepayments
16
Income tax recoverable
Debtors
15
Cash at bank and in hand		 Unrestricted
Restricted
As at
As at
funds
funds
December
December
2021
2020
£
£
£
£
81,953
39,335
121,288
128,562
362,500
362,500
342,500
83,481
75,374
158,855
177,184
527,934
114,709
642,643
648,246
573
573
556
7,149
7,149
3,564
619
619
87
9,152
16,789
25,941
6,207
17,493
16,789
34,282
10,414
Liabilities:amounts falling due within one year
Creditors
17
Accruals for utilities
18
Parish share
Net current assets		 6,772
-
6,772
3,640
18,276
18,276
14,351
5,211
5,211
10,422
30,259
-
30,259
28,413
(12,766)
16,789
4,023
(17,999)
Total net assets
Funds		 515,168
131,498
646,666
630,247
515,168
131,498
646,666
630,247

Approved by the PCC on the 22[nd] March 2022 and signed on their behalf by:

Reverend Andrew Spurr John Ellis Chairman of the PCC Church Warden The notes on pages 11 to 26 form part of these accounts

10

Evesham Parochial Church Council Notes to the accounts for the year ended 31 December 2021

1. Accounting policies

The financial statements have been prepared under the Church Accounting Regulations 2006 in accordance with the Charities SORP (FRS102) ‘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 (FRS102) (effective 1 January 2019)’ and the Charities Act 2011.

The financial statements have been prepared under the historical cost convention with the exception of investments which are included at fair value, as modified by the revaluation of certain assets.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

The accounts are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these statements are rounded to the nearest pound.

The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They 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.

Incoming resources

All incoming resources are included in the Statement of Financial Activities when the charity becomes legally entitled to the income and the amount can be quantified with reasonable accuracy.

Donated facilities and volunteer services

Donated facilities are included at the value to the charity where this can be quantified and a third party is bearing the cost. No amounts are included in the financial statements for services donated by volunteers.

Income from donations and grants

Income from donations and grants, including capital grants, are included in incoming resources when receivable (i.e. when the PCC is legally entitled to the amounts due) with the following exceptions:

When donors specify that donations and grants, including capital grants, are for particular restricted purposes, which do not amount to preconditions regarding entitlement, this income is included in incoming resources of restricted funds when receivable.

Voluntary income

Collections are recognised when received by or received on behalf of the PCC. Planned giving receivable under Gift Aid is recognised when received.

Income tax recoverable on Gift Aid donations is recognised when the income is recognised.

Income tax recoverable under the Gift Aid Small Donations Scheme (GASDS), introduced on 6th April 2013, is recognised based on donations received to date.

Legacies to the PCC are recognised when the PCC is legally entitled to the amounts due.

11

Evesham Parochial Church Council Notes to the accounts for the year ended 31 December 2021 (Continued)

Amounts received specifically for mission or for other charities are dealt with as restricted funds.

Income from investments

Dividends and interest are recognised when the charity is entitled to receipt.

Gains and losses on investments

Realised gains or losses are recognised when investments are sold. Unrealised gains or losses are recognised on the valuation to fair value of those investments.

Government Grants

The Charities SORP states that where the conditions attached to a grant are within the charity's control and there is sufficient evidence those conditions may be met, then the incoming resources should be recognised as incoming resource. Where uncertainty exists as to whether the charity can meet conditions within its control, the grant should be deferred as a liability until certainty exists that the conditions imposed can be met.

Other income

Sales of books and guides, funds raised by events, parochial fees receivable and other income are recognised when received. All incoming resources are accounted for gross.

Resources expended

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to that category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants and donations are accounted for when paid, or when awarded if that award creates a binding obligation on the PCC.

Parish share is accounted for when due. Any parish share unpaid at 31 December is provided for in these financial statements as an operational and moral (though not a legal) liability and is shown as a creditor in the Balance Sheet. Governance costs relate to the cost of the independent examination of the accounts. All other expenditure is recognised when incurred and is accounted for gross.

Fixed assets

Consecrated and benefice property and repair of such property

Consecrated and benefice property is not included in the accounts in accordance with s.10(2)(a) of the Charities Act (2011). All expenditure incurred during the year on consecrated or benefice buildings or on repair of moveable church furnishings is recognised as an expense.

Moveable church furnishings held by the vicar and churchwardens on special trust for the PCC, and which require a faculty for disposal, are accounted as inalienable property unless consecrated. These assets are listed in the church's inventory which can be inspected at any reasonable time. These assets are not valued as there is insufficient reliable cost information relating to such inalienable property and conventional valuation approaches lack sufficient reliability.

Functional fixed assets

Fixed assets other than investment assets and investment properties are not revalued. There is insufficient information available for assets acquired prior to 2002 and therefore such assets are not valued in the financial statements. All such expenditure has been written off when incurred.

Following FRS102 the cost of the land of the Church House extension is not depreciated.

FRS102 states that where an asset comprises a number of different components with differing life spans, then each component should be depreciated over its individual life span. The Church House extension comprises a number of different components (roof, structure, kitchen, etc). The historic cost of these individual components is not available while the total historic cost is known.

12

Evesham Parochial Church Council

Notes to the accounts

for the year ended 31 December 2021 (Continued)

Indicative allocation figures have been sourced with respect to housing from the National Housing Federation (NHF) (in conjunction with valuers Savills). While the Church House extension is clearly not a residential dwelling, the property is considered to be sufficiently comparable for these figures to be adopted as the basis for a reasonable allocation and the development of appropriate policies by the PCC. These policies have been reviewed and amended following professional guidance.

Church House comprises a number of different components each of which is depreciated on a straight-line basis with the following estimated useful economic lives:

Structure - 150 years Roof - 80 years Electrics - 25 years Windows & doors - 30 years Electrical heating - 30 years Bathrooms - 40 years Kitchen units - 25 years Church Chairs – 10 years

The useful economic life of selected components of the Church House extension exceeds 50 years. As per FRS102 these assets are subject to an annual impairment review performed either by the treasurer or by the Finance Committee. The heating system used within the church is depreciated on a straight line basis over an estimated life of 25 years. This policy has been revised with the asset life being extended from 10 years to 25 years reflecting professional opinion following the servicing of the boiler in 2012.

The church lighting scheme is depreciated on a straight line basis at 10% per annum (estimated life of 10 years). This scheme became operational in December 2008.

The heating system used in Church House is depreciated on a straight line basis at 10% per annum (estimated life of 10 years). This system became operational in December 2008.

Individual items of equipment with a purchase price of £500 or less are written off when acquired.

Investment assets

Investments are valued at fair value at 31 December. Unrealised gains or losses on revaluation are credited or debited to the fund to which they relate. Investment properties are valued at the trustee's best estimate of fair value.

As the lease on the residential investment property is relatively short, this property is valued at comparable average property prices in a reasonable market. The valuation is based on a set of valuations, recent house sales of comparable local properties and Halifax house price inflation. Unrealised gains or losses on revaluation are credited or debited to the fund to which they relate.

Liabilities

Liabilities are included in the accounts as soon as recognised.

Where a government grant has been received, but the related expenditure has not been incurred, then that grant is recognised as a creditor. Please note that such grants are repayable to the relevant grant-making body if the conditions of use are not met.

Provision for Liabilities and Charges

In line with SORP where the PCC has earmarked part of its unrestricted funds for a particular future purpose, this intention to expend funds in the future is not recognised as a provision for a liability in the accounts.

13

Evesham Parochial Church Council Notes to the accounts

for the year ended 31 December 2021 (Continued)

Taxation

The Charity has charitable status and is thus exempt from taxation of its income and gains falling within Section 505 of the Taxes Act 1988 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that they are applied to its charitable objectives.

Funds

Reserves are held in order to support and advance the responsibilities of the PCC.

Restricted Funds

Restricted funds represent:

The funds may only be expended on the specific object for which they were given. Any balances remaining unspent at the end of each year must be carried forward as a balance on that fund. The PCC does not usually invest separately for each fund. Where there is no separate investment, interest is apportioned to individual funds on an average balance basis.

The PCC endeavours to ensure that costs which can be properly attributed to restricted funds are charged to those funds. Note 3 details the basis and movement of restricted funds.

Unrestricted funds

Unrestricted funds are general funds which can be used for PCC ordinary purposes. Funds designated for a particular purpose by the PCC are also unrestricted. Note 3 details the funds designated by the PCC (and where applicable detailing the reserve to be maintained) and transfers between funds.

Transfers between designated funds

Any deficit on the Mission & Liturgy Fund is met by transferring surplus amounts from the General Fund. Any surplus of realised income over expected expense is transferred to the General Fund, and any deficit is addressed by a transfer from the General Fund.

The policy of the PCC is to hold a balance on the General Fund equivalent to twelve months expected general expenditure.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities.

Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

14

Evesham Parochial Church Council

for the year ended 31st December 2021

2 INCOMING RESOURCES

Voluntary income (giving)
Planned giving:
Gift Aid donations
PGS Scheme
Income tax recoverable
Gift Aid Small Donations Scheme
Collections at all services
Other donations
Fabric box
Goodbox
Job Retention Scheme Grant
Voluntary income (grants)
John Martin's Charity
Voluntary income (legacies)
Legacies
Activities for generating funds
Parish magazine sales
Parish magazine advertising
Sale of parish guides and books
Social events (including fête)
Hire of Church and Church House
Other income
Investment income
Income from investments
Interest on deposits
Rent receivable from:
Commercial investment property
Residential investment property
Income from church activities
Fees
Total incoming resources		 Designated
Unrestricted
Mission &
General
Liturgy
Fabric
Fund
Fund
Fund
£
£
£
12,094
8,377
4,432
1,157
2,664
1,833
1,110
1,095
-
32,762
-
-
17,498
17,498
-
-
-
-
115
442
166
-
2,779
1,558
10
4,503
557
10
-
2,504
322
12,000
4,799
2,504
4,799
12,322
2,209
59,475
5,356
12,332		 YTD
2021
£
12,094
8,377
4,432
1,157
2,664
1,833
1,110
1,095
-
32,762
17,498
17,498
-
115
442
166
-
2,779
1,568
5,070
2,825
-
12,000
4,799
19,625
2,209
77,163		 YTD
2020
£
12,076
7,165
4,364
975
1,995
733
289
279
1,854
29,729
19,265
19,265
2,000
157
647
110
-
1,855
4,711
7,480
3,580
-
12,000
7,680
23,260
1,735
83,469

15

Evesham Parochial Church Council

for the year ended 31st December 2021

3 RESOURCES EXPENDED

Designated
Unrestricted
Mission &
General
Liturgy
Fabric
Fund
Fund
Fund
£
£
£
Fundraising costs
Cost of magazine
779
Cost of social events
34
-
813
-
Investment management costs
Rent collection for residential investment property
1,121
Property repairs of investment property
5,462
-
-
6,583
-
Church activities
Missionary and charitable giving:
Overseas
Home
-		 Designated
Unrestricted
Mission &
General
Liturgy
Fabric
Fund
Fund
Fund
£
£
£
Fundraising costs
Cost of magazine
779
Cost of social events
34
-
813
-
Investment management costs
Rent collection for residential investment property
1,121
Property repairs of investment property
5,462
-
-
6,583
-
Church activities
Missionary and charitable giving:
Overseas
Home
-		 YTD
2021
£
779
34
813
1,121
5,462
6,583
-
-		 YTD
2020
£
1,053
-
1,053
922
2,365
3,287
-
Ministry:
Ministry / clergy expenses
Cost of services
Fabric costs
Insurance
Electricity and gas
Rent of Church House
Water Rates
Caretaking, cleaning wages and materials
Building maintenance
Surveyors fees
Depreciation
Music costs:
Organists salary, organ and music costs
Sound system repairs and maintenance
Support costs:
Office and secretarial expenses
Treasurer Fees
Cost of computer, printing, stationery, etc.
Photocopying costs		 329
809
-
1,915
4,787
6,480
3,139
1,800
37
37
2,535
7,329
7,683
-
1,927
271
5,172
247
20
14,677
3,000
3,249
1,612		 329
809
-
6,702
9,619
1,800
74
9,864
7,683
-
2,198
5,419
20
14,677
3,000
3,249
1,612		 761
1,258
-
7,190
7,854
1,800
165
7,354
18,908
-
4,057
5,101
33
14,781
2,450
1,647
1,505
Other costs:
Safeguarding/DBS
Sundry expenses
Parish share
Parish share
Governance costs
Independent examiner's fees
Total resources expended		 121
-
2,616
-
39,968
6,310
23,513
31,265
1,436
72,669
13,706
23,513		 121
2,616
69,791
31,265
1,436
109,888		 115
1,002
75,980
31,265
1,356
112,941

16

Evesham Parochial Church Council

Notes to the accounts

for the year ended 31 December 2021

4 RESOURCES, TRANSFERS AND ANALYSIS OF ASSETS

Total unrestricted incoming resources (Note 2)
Total unrestricted resources expended (Note 3)
Net incoming/(outgoing) resources before transfers
Transfers between funds
Net incoming/(outgoing) resources after transfers
Other recognised gains/(losses)
Gain/(loss) on revaluation of investment property
Gain/(loss) on revaluation of income shares
Gain/(loss) on revaluation of income units
Realised gain/(loss) on sale of investments
Write back historic Parish Share Liability
Net movement in funds		 Unrestricted
Funds
General
Mission &
Liturgy
Fabric
2021
Total 2020
£
£
£
£
£
59,475
5,356
12,332
77,163
83,469
(72,669)
(13,706)
(23,513)
(109,888)
(112,941)
Designated Funds
(13,194)
(8,350)
(11,181)
(32,725)
(29,472)
(19,531)
8,350
11,181
-
-
(32,725)
-
-
(32,725)
(29,472)
-
20,000
-
20,000
-
-
-
11,607
11,607
6,851
-
-
743
743
1,247
-
-
1,854
1,854
-
-
-
-
-
-
(32,725)
20,000
14,204
1,479
(21,374)
Balance at 1 January 2021
Balance at 31 December 2021
Analysis of Assets
Tangible fixed assets (at Net Book Value)
Land of Church House extension
Church House extension structure
Church House extension roof
Church House extension fittings
Church House extensionelectrical heating
Church House extension bathroom
Church House extension kitchen
Church Heating
Investment properties
Commercial investment property
Residential investment property
Investments
Debtors and prepayments
Prepayments
Income tax recoverable
Debtors
Cash at bank and in hand
Creditors
Accruals for utilities
Creditor for Parish Share		 60,493
180,000
273,196
513,689
535,064
27,768
200,000
287,400
515,168
513,690
15,000
-
-
15,000
15,000
33,723
-
-
33,723
34,002
2,005
-
-
2,005
2,044
30
-
-
30
65
29
-
-
29
46
437
-
-
437
476
30,729
-
-
30,729
32,247
-
-
-
-
271
81,953
-
-
81,953
84,151
-
-
162,500
162,500
162,500
-
200,000
-
200,000
180,000
-
-
83,481
83,481
111,245
573
-
-
573
556
7,149
-
-
7,149
3,564
619
-
-
619
87
(33,203)
-
42,355
9,152
-
(6,772)
-
-
(6,772)
(3,640)
(17,340)
-
(936)
(18,276)
(14,351)
(5,211)
-
-
(5,211)
(10,422)
27,768
200,000
287,400
515,168
513,690

17

Evesham Parochial Church Council Notes to the accounts for the year ended 31 December 2021

5 DESIGNATED FUNDS

Mission & Liturgy Fund

The designated Mission & Liturgy Fund is used to support the work of the PCC in promoting the whole mission of the Church (pastoral, evangelistic, social and ecumenical) in the ecclesiastical parish of All Saints, Evesham, with St. Lawrence.

The residential investment property, the old curate's house, has been allocated to this fund. Rental income from this property is used to maintain this asset and also to support mission and liturgy work. Any excess of income over expenditure is transferred to the General Fund. Any deficit on the Mission & Liturgy Fund is met by transferring surplus amounts from the General Fund.

An amount of £8,350 was transferred to the designated Mission & Liturgy Fund from the unrestricted General Fund according to PCC policy.

Fabric Fund

The designated Fabric Fund is intended to support the PCC in its maintenance responsibilities for All Saints' Church and the Bell Tower.

As might be expected of buildings of their age, and despite regular maintenance, substantial liabilities arise from time to time regarding the fabric of these buildings. The existing investments, built up over many years through the goodwill and generosity of parishioners, have been assigned to the maintenance and upkeep of the church buildings. These investments help ensure adequate realised income to fund expected repairs, running costs and capital improvements. Unrealised gains are retained in the assets to ensure an adequate future asset base. Any surplus of realised income over expected expense is transferred to the General Fund, and any deficit is addressed by a transfer from the General Fund.

An amount of £11,181 was transferred from the designated Fabric Fund to the unrestricted General Fund according to PCC policy.

General Fund

All other accounts (assets, liabilities, income and expense) have been allocated to the General Reserve. This fund is maintained to cover any short-term excesses of expenditure over income, unforeseen rises in expenditure and other financial contingency, and to provide adequate working capital so that the operations of the PCC can be maintained at such times. Parish share is paid out of the General Fund. It is the policy of the PCC to hold a balance on the General Fund equivalent to twelve months expected general expenditure.

General activity this last year resulted in a net expenditure of £32,725, while the balance on this fund is £27,768.

18

Evesham Parochial Church Council

for the year ended 31st December 2021

6 RESTRICTED FUNDS

Incoming resources
Voluntary income - giving
Transfer on closure of 100 Club
Investment income
Total incoming resources
Resources expended
Church Activities
Missionary and charitable giving:
Overseas
Home
Fabric costs
Bank Charges
Depreciation
Total resources expended
Net incoming resources being
net movements in funds		 Restricted
Restricted
Restricted
Restricted
Restricted
Bell Tower
Restoration
Collections
Food Bank
AW Education
Fund
Fund
Fund
Fund
Fund
£
£
£
£
£
-
1,319
15,196
-
-
2,034
-
2,034
1,319
15,196
-
6,304
-
756
904
-
2
5,076
906
5,076
756
6,304
-
(906)
(3,042)
563
8,892
-		 YTD
Restricted
Funds
2021
£
16,514
-
2,034
18,549
-
`
6,304
-
756
904
2
5,076
13,042
5,507		 YTD
Restricted
Funds
2020
£
10,842
-
1,399
.
12,241
4,845
357
80
-
60
5,076
10,418
1,823
Other recognised gains/(losses)
Unrealised gain/(loss) on revaluation of investments
Net movement in funds		 9,433
(906)
6,390
563
8,892
-		 9,433 3,214
14,940 5,037
Balances at 1st January
Balances at 31st December
Analysis of Assets
Tangible Assets
Deposits
Cash at hand and in bank		 2,730
107,262
9
5,727
830
1,824
113,652
572
14,619
830
39,335
-
-
-
-
1,824
(1,057)
572
14,619
830		 116,558
131,498
39,335
-
16,789		 111,521
116,558
44,411
-
22,192
Investments
Balances at 31st December		 -
75,374
1,824
113,652
572
14,619
830		 75,374
131,498		 49,955
116,558

Sources of Restricted Funds

The ‘Bell Tower’ fund contains the balance of grants and donations given to help pay for the conservation and maintenance of the Bell Tower. Interest on these monies are retained in this fund.

The fund had no income in the year and expenditure of £906. The balance on the fund at the year-end was £1,824.

The ‘Restoration’ Fund arises from a generous legacy given by Miss Sylvia Martin for church restoration in memory of her mother Mrs Cecilia Martin whose remains are interred here. The executrix of the estate wrote to the PCC in 2014 providing examples of appropriate possible expenses; including repairing the roof, rewiring the lighting system, or repairing the sound loop. The executrix commented: “I am quite sure that now – from a better place – Sylvia would approve whatever practical or even beautifying use was made of her money, provided that the work carried out could be ascribed by, say, a small plaque on the wall – as being in grateful memory of Cecilia Martin, who worshipped in this church, and her birth and death dates.” The PCC considers the “Restoration” fund to apply to both All Saints’ Church and the Bell Tower.

The fund had an income of £1,449 from investments and a depreciation charge of £5,076. The balance on the fund at the year-end was £113,652 after revaluation of the investments.

19

Evesham Parochial Church Council Notes to the accounts for the year ended 31 December 2021

6 RESTRICTED FUNDS (continued)

The ‘Collections’ Fund comprises collections for other charities. Income was £1,319 and expenditure of £756. The balance on the fund at the year-end was £572.

The “Foodbank” Fund consists of donations received for the purchase of food and other household goods for distribution to those in need. This fund was classified as designated in prior years and the trustees have reclassified it as restricted in 2020.

The fund had an income of £15,196 (2020: £10,572) and an expenditure of £6,304 (2020: £4,845). The sum of £14,619 is held in this fund to provide support for the foodbank (2020: £5,727).

The ‘AW Education’ Fund is a fund to honour the commitment of Mr Whitehouse to Christian evangelism and ongoing spiritual development. Its purpose will be to provide funding assistance for materials to be used in catechesis and other programmes of education in the Christian faith. There were no transactions during the year and the balance of the fund remains at £830.

7 COLLECTIONS

The following collections, made during the year are all restricted:

8

Collections per Restricted Collections Fund
Christingle (Children's Society)
Angel Tree (Long Lartin)
Charity Mission Morogoro
Closure of 100 Club for charitable use
Christian Aid
Total		 Overseas
Home
Giving
giving
included in
included in
SOFA
SOFA
-
39
-
212
-
-
-
751
-
317		 Total
Total
2021
2020
39
10
212
67
-
193
751
-
317
-
-
1,319		 1,319
270
STAFF COSTS AND EMOLUMENTS
Gross wages and salaries
Social security costs
Pension Contributions
Total		 2021
2020
24,769
21,694
-
311
218
204
24,987
22,209

Number of employees was 3 (2020: 3) equivalent to 1.6 (2020: 1.0) full time employees. The PCC is currently exempt from the requirements of the Welfare Reform and Pensions Act 1999 to One employee is eligible to be enrolled in a stakeholder pension and this was actioned in April 2016. No employee received remuneration in excess of £60,000.

20

Evesham Parochial Church Council Notes to the accounts for the year ended 31 December 2021

9 RELATED PARTY TRANSACTIONS

FRS 8 ("Related Party Transaction") requires disclosure of related party transactions if the transaction is material and not concluded under normal market. The Charities SORP states that "trustee remuneration or other benefit should always be regarded as material", and details require disclosure.

At the PCC Meeting held on the 19th October 2015, it was agreed that due to not being able to find a volunteer to act as PCC Treasurer that the post would be advertised and be a paid position. Mr J Liggitt of JL Accounting Services Ltd was appointed on the 1st November 2015 for a twelve month period at a fee of £4,480. Mr Liggitt was co-opted as a member of the PCC. Mr Liggitt's contract was extended in November 2016. From the 1st March 2019, the fees payable under this contract were reduced to £3,600 per annum. There is no outstanding balance with this related party at the date of the Balance Sheet. There are no provisions for doubtful debts, nor related write-offs, in connection with this related party.

With the exception of the above, no member of the PCC nor any connected person received any remuneration from the PCC.

Five (2020: six) members of the PCC, acting as agents for the PCC, made purchases on its behalf and were reimbursed a total of £381 (2020: £544) for those purchases. Some members of the PCC have also made donations to the PCC but the donors have not attached conditions.

10 COST OF INDEPENDENT EXAMINATION AND OTHER FINANCIAL SERVICES

The amount payable to the independent examiner in respect of external scrutiny, for the year ended 31 December 2021 was £1,436 (2020: £1,356). The independent examiner was not paid for any other financial services.

11 FINANCIAL INSTRUMENTS

Carrying amount of financial assets
Debt instruments measured at amortised cost
Equity Instruments measured at cost less
impairments
Carrying amount of financial liabilities
Measured at amortised cost		 2021
40,136
145,382
185,518
30,257		 2020
6,294
177,184
183,478
28,413

21

Evesham Parochial Church Council

Notes to the accounts

for the year ended 31 December 2021

12 TANGIBLE FIXED ASSETS

All restricted
Cost
At 1 January 2021
Additions
Revaluations
At 31 December 2021
Accumulated depreciation
At 1 January 2021
Charge for year
Disposals
At 31 December 2021
Net Book Value
At 31 December 2021
At 31 December 2020		 Church
Church
Church
Church
Church
Church
Church
Church
House
House
House
House
House
House
House
House
Church
extension extension extension extension extension extension extension extension
House
Church
Church
Church
land
structure
roof
electrics
fittings
electric
heating
bathroom
kitchen
heating
heating
lighting
chairs
Total
15,000
41,814
3,136
2,091
1,045
522
1,568
37,938
10,259
53,256
37,937
50,756
255,322
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
15,000
41,814
3,136
2,091
1,045
522
1,568
37,938
10,259
53,256
37,937
50,756
255,322
-
7,812
1,092
2,091
980
476
1,092
5,692
10,259
52,985
37,937
6,345
126,761
-
279
39
-
35
17
39
1,518
-
271
-
5,076
7,274
-
-
-
-
-
-
-
-
-
-
-
-
-
-
8,091
1,131
2,091
1,015
493
1,131
7,209
10,259
53,256
37,937
11,421
134,034
15,000
33,723
2,005
-
30
29
437
30,729
-
-
-
39,335
121,288
15,000
34,002
2,044
-
65
46
476
32,246
-
271
-
44,411
128,561

Church House is not owned by the PCC but by the "Trustees of Church House and Walker Hall". In November 1908 a legal document between the Queen Anne Bounty, Dr Walker (Vicar of All Saints), the Bishop of Worcester, the Ecclesiastical Commissioners and nine named Trustees, transferred the "Old Vicarage" (now called Church House) from the Benefice to the Trust. In December 1908 the Walker Hall was added to the Trust. The objects of the Trust are to manage the building which is to be used by the Vicar (or officiating minister) and the Trustees for divine service, Sunday School, class, meeting or lecture room for religious instruction or secular instruction under the control of the Vicar, clerical meetings or committees of any society connected with the C of E, and other meetings or other objects or purposes having in view the spiritual, intellectual, moral or social wants of members of the C of E which the Officiating Minister and the Trustees jointly think desirable. The extension to Church House is the property of the PCC and is under the sole care and responsibility of the PCC.

Evesham Parochial Church Council Notes to the accounts for the year ended 31 December 2021

13 INVESTMENT PROPERTIES

All unrestricted

Carrying value at 1 January
Gain/(Loss) on revaluation of investment properties
Market value at 31 December		 Residential
Commercial
Investment
Investment
Total
Total
Property
Property
2021
2020
£
£
£
£
180,000
162,500
342,500
342,500
20,000
-
20,000
-
200,000
162,500
362,500
342,500

Valuation of residential investment property

Per Charities SORP, and in line with FRS 102 the residential property was professionally revalued to market in 2019 and reviewed this year. As a result of this review the property was revalued to £200,000 reflecting the current market and extensive refurbishment of the property in 2021. The Trustees believe the properties to be accurately valued at the year end.

This investment property is held primarily to provide an investment return and is not programme related.

Valuation of commercial investment property

The commercial investment property was professionally revalued in 2019 and reviewed this year. Per Charities SORP, and in line with FRS

The property is leased under a 10 year lease which expires on 1st December 2024.

This investment property is held primarily to provide an investment return and is not programme related.

Historic Cost

All unrestricted

All unrestricted
Residential Commercial
Investment Investment Total Total
Property Property 2021 2020
£ £ £ £
Historic cost 79,882 22,016 101,898 101,898

23

Evesham Parochial Church Council Notes to the accounts for the year ended 31 December 2020

14 UK INVESTMENTS

Unrestricted

Carrying value at 1 January
Disposal of investments
Realised gain/(loss) on disposal of investments
Transferred to restricted
Unrealised gain/(loss) on revaluation
Market Value at 31 December		 Income
Income
Total
Total
Shares
Units
2021
2020
£
£
£
£
90,493
20,751
111,244
119,130
(20,000)
(21,966)
(41,966)
-
1,383
471
1,854
-
-
(15,985)
11,607
743
12,350
8,099
83,482
-
83,482
111,244

Restricted

Carrying value at 1 January
Transfer from unrestricted
Unrealised gain/(loss) on revaluation
Market Value at 31 December
Total Investments		 Income
Shares
£
65,941
-
9,433
75,374		 Total
Total
2021
2020
£
£
65,941
46,741
-
15,985
9,433
3,214
75,374
65,940
158,856
177,184

The Charity Commission publication 'Charities and Reserves' (cc19) notes that in some circumstances there may be doubt as to whether a donation or legacy is a gift of income or endowment funds. This guidance goes on to note (p.15) that if any evidence exists, or can be inferred, from the circumstances of the donation or legacy, that a donor or testator had a specific intention one way or the other, the trustees must treat the gift or legacy accordingly. With this guidance in mind, a review was conducted in December 2013 of available documentation relating to the UK investment held by Evesham PCC.

The UK investments of income units relates to The Church Estate (St Lawrence)

The Church Estate (St Lawrence) fund was intended for "church expenses and upkeep" in connection with the Church of St Lawrence (per July 1927 form of application to the Charity Commission to authorize a sale). When this parish church was transferred to the Redundant Churches Fund (now called the Churches Conservation Trust) these funds were transferred to All Saints. This investment is still held.

In the light of the above it is clear that the UK investment of income units held by Evesham PCC are not restricted, the capital is available for use, and these funds are for general church purposes. Little documentation has been identified in relation to the history of the UK investment of income shares, but this is believed to relate to general church purposes for the parish.

24

Evesham Parochial Church Council Notes to the accounts for the year ended 31 December 2021

15
DEBTORS
Unrestricted
LPWGS
Sundry		 15
DEBTORS
Unrestricted
LPWGS
Sundry		 Total
Total
2021
2020
£
£
577
68
42
19		 Total
Total
2021
2020
£
£
577
68
42
19
619
87
16
PREPAYMENTS
Unrestricted
Prepayments
Prepaid water rates (church)
Prepaid water rates (Church House)
Prepaid music copyright
Prepaid photocopier rental
Prepaid telephone and broadband
Prepaid alarm system
Prepaid guard response
17
CREDITORS
Unrestricted
Creditor for independent examiner
Creditor for treasurer
Weddings & Funerals Control account
Advertising Control Account
Repairs to Fabric
Commercial investment rental creditor
Creditor for locking-up church
Creditor for Church House cleaning
Other creditors
18
ACCRUALS
Unrestricted
Accrual gas church
Accrual electricity Church House
Accrual electricity Bell Tower
Accrual Church House rent
Accrual telephone
Accrual photocopier rental
Accrual broadband
Accrual Church House insurance
Accrual photocopier usage		 Total
Total
2021
2020
£
£
-
33
-
33
147
119
104
104
55
-
88
88
179
179
573
556
Total
Total
2021
2020
£
£
1,400
1,320
-
600
1,381
512
-
269
2,750
(250)
87
-
194
187
960
1,002
6,772
3,640
Total
Total
2021
2020
£
£
679
592
123
146
35
15
9,000
7,200
9
16
-
-
-
-
7,884
5,969
24
11
18,276
14,351

25

Evesham Parochial Church Council Notes to the accounts for the year ended 31 December 2021

19 FUNDS NOT INCLUDED IN THE ACCOUNTS

Bright Sparks, the Bellringers and the Choir accounts have not been included in these financial statements as they are under the control of their own respective organisations.

Vicars and Churchwarden funds, and the Vicar's discretionary funds, are not included in these accounts as they are held on trust, being available independently of the church for distribution to the poor.

20 CONNECTED CHARITIES

The "Friends of the Evesham Parish Church and the Bell Tower" (registered charity number 507102) is a charity connected to Evesham PCC. The objects of the society are "to co-operate with the Parochial Church Council in the preservation, adornment and general maintenance of the Evesham Parish Church and the Bell Tower, their activities and services, their ornaments and furnishings; to promote public interest in the Church and the Bell Tower, their history and their work."

The "Trustees of Church House and Walker Hall" is not a connected charity although the vicar is an ex-officio trustee and the trust administers Church House which is used by the PCC and Church Office.

The "Retreat House Trust" is not a connected charity. This Trust, which owns a property near Abbot Reginald’s gateway, exists to maintain that property and to provide support for All Saints' Church. The trustees of the charity "Trustees of Church House and Walker Hall" are also trustees of the "Retreat House Trust" with the exception of the vicar (who traditionally, as a potential beneficiary of the charity, is not invited to sit as a trustee).

The "John Martin's Charity" (registered charity number 527473) is not a connected charity although the vicar is ex-officio a trustee. The PCC is a recipient of grants from this charity which are provided under a scheme sealed on 28[th] February 1989 which provides that: "a further sum of not less than £50 but not exceeding 5% thereof [i.e. total income] in or towards defraying the expenditure incurred by the Parochial Church Council of the Ecclesiastical Parish of All Saints and St. Lawrence, Evesham, in maintaining and repairing the church buildings and in otherwise furthering the religious and educational work of the Church of England in that ecclesiastical parish."

The "Chapel of St Mary Magdalene" is not a connected charity although the vicar is an ex-officio managing trustee. Under a scheme sealed on 18[th] June 1992, the income of this charity, after first defraying the cost of managing its investments, is applied "towards providing and maintaining facilities for public worship at Evesham Community Hospital and otherwise furthering the religious and other charitable work of the Church of England in or near Evesham."

The "Evesham Abbey Bell Tower Appeal Trust" (registered charity 1152780) is not a connected charity although a past PCC treasurer is the chair, secretary and treasurer of that charity. Under the trust deed (dated 5th July 2013) the charitable objects are: "to promote for the benefit of the public the preservation, conservation, protection and improvement of the Bell Tower, Evesham, Worcestershire, including its fabric, furnishings, fittings and function" and "to advance the education of the public in the appreciation, history, function, conservation and preservation of the Bell Tower, Evesham."

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