2021-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of Dulverton

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ALL SAINTS CHURCH DULVERTON

ANNUAL FINANCIAL STATEMENTS OF THE

PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED

31 DECEMBER 2021

THE PAROCHIAL CHURCH COUNCIL OF ALL SAINTS CHURCH DULVERTON FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2021

REGISTERED CHARITY NUMBER 1142934

Contents	Page Number
Annual Report	1 to 9
Independent Examiners' Report	10
Receipts and Payments account	11
Balance Sheet	12
Notes to the Accounts	13

THE PAROCHIAL CHURCH COUNCIL OF ALL SAINTS CHURCH DULVERTON RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2021

£ Receipts Incoming resources from donors Planned giving 5,039 Tax recovered 1,809 Collections and other giving 4,097 Grants - Other voluntary incoming resources Legacies and other donations 512 Income from Charitable activities Parochial fees 3,724 Bookstall and magazine 493 Income from property 13,495 other income 2,280 Income from fund raising activities General fund raising 2,007 33,456 Income from investments Interest and dividends 8,314 41,770 Payments Donations to charities - Mission and Evangelism costs 2,134 Parish share 23,093 Regular church running expenses 12,372 Utility bills and insurance 7,124 Repairs to the church 2,340 - Fund raising and trading costs 3,693 Administration and support costs 18,067 Governance costs 120 Other Expenses 355 69,298 Excess of payments over receipts (27,528) Funds in hand 1 January 2021 Excess of expenditure over incomefor the year Unrealised gains on investments Funds in hand 31 December 2021 Repairs and cost to other church properties Unrestricted funds	Restricted funds £ - - - 4,100 13,288 - - - - - 17,388 22 17,410 7,065 3,000 - - - - - - - - - 10,065 7,345	2021 £ 5,039 1,809 4,097 4,100 13,800 3,724 493 13,495 2,280 2,007 50,844 8,336 59,180 7,065 5,134 23,093 12,372 7,124 2,340 - 3,693 18,067 120 355 79,363 (20,183) 492,764 (20,183) 48,440 521,021	2020 £ 5,458 4,957 4,161 - 16,050 2,264 2,531 13,560 4,630 1,441
			55,052 9,096
			64,148
			5,445 3,895 22,670 17,723 3,756 10,450 - 639 18,650 - 2,061
			85,289
			(21,141)
			495,876 (21,141) 18,029
			492,764

THE PAROCHIAL CHURCH COUNCIL OF ALL SAINTS CHURCH DULVERTON STATEMENT OF ASSETS AND LIABILITIES AS AT 31 DECEMBER 2021

CASH AND INVESTMENT ASSETS

Current account CBF Account - Gardiner Trust CBF Account - Passmore-Jones CBF Account - Investments CBF Account - Reserve	Unrestricted Funds £ 13,438 - 151,121 303,576 9,510 477,645	Restricted Funds £ - 19,090 - - 24,286 43,376	2021 2020 £ £ 13,438 10,571 19,090 22,140 151,121 128,570 303,576 277,687 33,796 53,796 521,021 492,764 TOTAL FUNDS

INVESTMENT ASSETS

In 2018 the Parochial Church Council ownes 2 properties, Number 3 Chuch Lane was part of an unrestricted legacy from the estate of Joyce Burton in 2010. Number 1 Church Walk was purchased with funds from the Gardiner Trust in 2009. The value of 1 Church Walk in 2010 was considerd to be £160,000, it has not been revalued. The Gardiner Trust, founded in 1956 was modified in 1969 to allow income not required for fabric repairs to be used in furthering the religious and other charitable work of the Church of England in the Ecclesiastical Parish of All Saints Dulverton. The Parochial Church Council are trustees of the Gardiner Trust.

Bath & Wells Diocesan Board of Finance act on behalf of the Parochial Church Council as custodial trustees in respect of 3 Church Lane.

The Financial Statements were approved by the Parochial Church Council on and signed on it's behalf by:

THE PAROCHIAL CHURCH COUNCIL OF ALL SAINTS CHURCH DULVERTON NOTES AND ACCOUNTING POLICIES AS AT 31 DECEMBER 2021

1 Accounting Policies

(a) The financial statements of the Parochial Church Council have been prepared in accordance with the Charities Act 2011 (the Act) and using the Receipts and Payments basis.

(b) Incoming and outgoing resources: All incoming resources are recognised only when amounts are received and outgoing resources are only included when the amounts are expended by the Parochial Church Council.

(c) Plant and equipment used in the church or churchyard are written off in the Receipts and Payments account on acquisition. Other assets including moveable church furnishings held by the church wardens on special trust for the Parochial Church Council and which require a faculty for disposal are detailed in the Inventory but not recognised in the financial statements.

(d) Funds: Unrestricted funds represents funds of the Parochial Church Council that are not subject to any restrictions regarding their use and are available for application to general purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor or trust deed.

(e) Stocks: The church hold stocks of books, pamphlets and consumables for resale, and consumption. These are not valued, the costs being included in the Receipts and Payments account as and when they are purchased.

(f) Church fees: Church fees included in the accounts are the proportion of fees due to the Parochial Church Council. Amounts due to the Diocese, officiant or other third party are netted off against the amount received. This is the only circumstance where expenses are netted off against income.

INDEPENDENT EXAMINERS REPORT TO THE PAROCHIAL CHURCH COUNCIL OF ALL SAINTS CHURCH DULVERTON

I report on the accounts of the Parochial Church Council of All Saints Church Dulverton (the PCC) for the year ended 31 December 2021, which incorporate the Receipts and Payments Account. The Statement of Assets and Liabilities and the accompanying Notes to the Accounts.

Respective responsibilities of trustees and examiner

The 'PCC' as Trustees are responsible for the preparation of the accounts, The 'PCC as trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011. The 'PCC' trustees have requested me to undertake an independent examination and I am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants in England and Wales.

It is my responsibility to: examine the accounts under section 145 of the 2011 Act; to follow procedures laid down in the General Directions given by the Charity Commissioner under section 145(5)(b) of the 2011 Act; and to state whether any particular matters have come to my attention.

Basis of independent examiner’s report

My examination was carried out in accordance with the General Directions given by the Charity Commissioner. That examination includes a review of the accounting records maintained by the Trustees and a comparison of the accounts with those records. It also includes considering any unusual items or disclosures in the accounts and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no audit opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.

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 section 130 of the 2011 Act; and
to prepare accounts which accord with the accounting records and comply with the requirements of the 2011 Act as also contained within the Church Accounting Regulations 2006.

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 reached.

A G Porter FCA Amherst & Shapland (Taunton and Wiveliscombe) Chartered Accountants Unit 2 Old Brewery Road Wiveliscombe Telephone: 01984 622000