## **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| 11 **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: 12 **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. 13 **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 10