ST MARY THE VIRGIN. SHEERING Registered Charity Number 1149115 REPORT OF THE TRUSTEES AND FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 FOR ST MARY THE VIRGIN, SHEERING
ST MARY THE VIRGIN, SHEERING REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2021 St Mary's Church is situated in Church Lane. Shring. ft is part of the Diocese of Chelmsford within the Church of England. The Corresponden address is The Vicarage. Broomfields. Hatfield Heath, Bishops Stortford. Herts CM22 7EH. The Parochial Church Council (PCC) is a charity registered with the Charity Commission (Charity number 1149115). PCC members who have rVed from 1 January 2021 until the date this Report was approved are". Incumbent: The Revd Dawn Jewson Chair: Vice Chair: Wardens: The Revd Dawn Jewson Mrs Jane Potter Mrs Elsie Baker Mrs Fiona Klimcke Traasurer: Mrs Niki Fletcher (until May 2021) Mrs Jean Franks (from May 2021) Secretary: Mrs Elsie Baker Representatives on Deanery Synod: Mrs Jane Potter Elected members: Mrs Niki Fletcher Mrs Lydia Taylor Mr Nandiran Ratnavel Bankors: Barclays Bank UK PIC Leicester LE87 2BB National Weslminster Bank PIC 12 The Rows Stone Cross HARLOW CM20 1 BZ Independent examiner: Malcolm Green BA (Hons) S, The Gowers Harlow CM20 2JP
ST MARY THE VIRGIN. SHEERING 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 Dernber 2021. The trustees have adoFrted the provisions of Accounting and Reporting by Charities: Statement of Recommended Pradice applicable to charities prepanng their accounts in accordan with the Financial Rewrting StarKlard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 20191. STRUCTURE, GOVERNANCE AND MANAGEMEKr Governing document The church is govemed by the Parochial Church Council Powers Measure {1956) as amended and Churth Representstion rules th t2rnÈ into force on 2nd January 1957. Structure The method of appointment of PCC members is set out in the Church Representstion Rules All Church attendees are encouraged to register on the Electoral Roll and stand for election to the PCC. Objectives and activities St. Mary's PCC has the responsibilty of ¢troperating with the Inujmbent. the Revd Dawn Jevon, in promoting within the ecdesiastical parish, the whole mission of the Church, pastoral, evangelistic, social and ecumenical. It also has Maintenan resFortsibilities for the Church. Church Room and grounds. Committees The PCC operates through committees, and also receives rewrts and advi from various groups which may m8et between full meetings of the PCC. Standing Committee: This is the only comm¢ttee required by law. It has power to transact the business of the PCC befven its meetings. subj.ect to any directions gNen by the Council. Finance Commtmee.. Oversees the general finan dimension of the work of St Mary's by monitoring income and expenditure, budgeting and co-ordiThing the annual review of the Christian Stewardship of money through planned giving. Fabric Committee: Attends to matters relating to Ihe stewardship of plant, such as the church buildings and fabric, the churchyard (induding overseeing the implementation of the Diocesan churchyard regulations). Worship Committee: Plans seNices and oversees the musical life of the Church. Church attendance At the beginning of 2021 there were 42 parishioners on the Roll. 21 of them were not resident within the parish. During the period (January to December) 3 names were removed and 2 added. The Electoral Roll at the end of 2021 stands at 41 memters, 18 norFresthnL The Parish Count figure in October averaged 13 adults per Sunday. However at least four more people were regulady attending via Zoom rather than in person due to the Covid 19 pandemic. Review of the year The fijll PCC met 8 times during the year wtth an average level of attendance of 78.6%. Committees met beeen meetings, and minLrtes of their deliberations Yre received by the full PCC and discussed. Vvhere necessary meetings were held via Zoom. An EPCM was held on 28 February to agree the Financial Statements for the year ending Decernr 2020 and to appoint an Independent Examiner The Church was used throughout the year for 2 weddings. O baptisms and 3 funerals. There were unfortunately no conrtS or festivals due to lockdown and restridions. but school usage did resume in October.
ST MARY THE VIRGIN, SHEERING REPORT OF THE TRUSTEES FOR THEYEAR ENDED 31 DECEMBER 2021 STRUCTURE, GOVERNANCE AND MANAGEMENT Financial review (detailed in the Financial Statements) Income Total Income for the year VRS £29,403 (unrestricted) and £3.154 (restricted). Expenditure Total expenditure for the year was £30.228 expended from general funds and £3.652 expended from restricted funds. The accounts showed a deficit for the year of £825 in our unrestricted funds, as our outgoing exceeded our incoming reSoUrs. This meant that the balan of our unrestricted funds decreased from £8,392 at the end of the last financial year to £7.567 at the end of this financial year. The chartiable giving for the year amounted to £40 and supported, intemational charities and organisations. The ongoing Parish Share (xntribution (for DI0San provision) represents a significant challenge, and the PCC continues in its endeavours to mt this in order that the work of spreading the good news of Jesus can continue to be effective and relevant in our community. Looking foNrfard the Diocese are requesting a reduced Parish Share contribution (from £20,000 to £16,000} and hopefully this will ease the financial burden and help us to be more outward focused. Public benefit statement In shaping the Church's objectives and planning the activtties, the PCC members have considered the Charity Commission's guidance on public benef A thank you to all Finally, on behalf of the PCC, I would like to express thanks once again to the congregation for their continuing financial support during 2021 which was another very challenging year in both our Church and in the wider world due to the Covid 19 pandemic. I would also like to express thanks to everybody who helps with the smooth running of St. MaWs finans, particularly Philip Taylor who has supported me in my role, and whose invaluable help I greatly rely upon" Jane Potter who, together with Philip Taylor and myself, make up our finan Comm[tt,. Philip Taylor helping with monitoring the accounts and producing financial reports for PCC meetings and Jane Potter faithfijlly dealing with reclaim of Grft Aid tax" Vemon Baker and Philip Taylor who look after collections" and Elsie Baker who looks after the finan for Friends of St. Mary's. Approved by order of the board of trustees on . behalf by.. and signèd on its Mrs Jean Franks, Treasurer
ST MARY THE VIRGIN, SHEERING INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ST MARY THE VIRGIN. SHEERING Independent examinerfs report to the trustees of St Mary the Virgin. Sheering I report to the charity trustees on my examination of the accounts of St Mary the Virgin, Sheering (the Trust) for the year erKled 31 December 2021. Responsibilities and basis of report As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordan with the requirements of the Charities Act 2011 {'the Act,). I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examinalion I have ft)Ilowed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent examin•f8 Statemènt I have completed my examination. I confimi that no material matters have come to my attention in connection with the examination giving me tsuse to believe that in any material respect: 1. accounb'ng records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord wrth those records" or 3. the accounts do not comply with the applicable requirements conMIng the fomi 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 vthich is not a matter considered as part of an independent examination. I have no concems 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. Signed......................................... M Green Independent Examiner
ST MARY THE VIRGIN, SHEERING statement of Financial Activities For the Year Ended 31 December 2021 UDrestii¢ted Restricted Endowmemt funds r•Dd8 Totsl 2020 2021 Income and endowments from: Donations and legacies Income from charitable activities Investments Other income Total income 26,066 2,923 414 1,745 27.811 2,923 414 1,409 32.557 31,952 1,640 531 1.409 3,154 29A03 34,124 Exponditure on". Expenditure on charitable activibes Total expenditure 30,228 30.228 3,652 3.652 33,880 33,880 29,184 29,184 Gains I losses on investment assets Net income I lexpenditure) resources before transfer 2.685 2,685 5.001 (825) 1498) 1,362 9.942 Transfers Gross transfers between funds- in Gross transfers between funds- out Other recognised gains I losses Net movement in funds 9,446 {9,446) {825) 1498) 2,685 1,362 9,942 Total fvnds brought forward 8.392 8.451 18,971 35.814 25,873 Total funds carried foNArd 7.567 7.953 21,656 37.176 35,814
ST MARY THE VIRGIN. SHEERING Balance sheet 31 December 2021 Total Funds 2021 Total Funds 2020 Fixed assets Investments 21,656 21,656 18,971 18,971 Current assets Debtors Cash at bank and in hand 1,439 15.590 17,029 2.040 15,959 17,999 Liabilities Creditors: Amounts falling due in one year 1.509 1.509 1.156 1,156 Net current assets less current liabilities 15.520 16.843 Total assets less current liabilities 37.176 35.814 Total net assets less liabilities 37.176 35.814 Represented by Unrestricted General fund Restrictsd Flower Fund Friends Of St MaS Len Gunn Bequest Pam Gunn Memorial Fund Endowment Scoones Bequest Williams Bequest Funds of the church 7,567 8.392 169 6.729 1.000 55 169 7.227 1.000 55 9.051 12,605 37,176 7,929 11,043 35,814 The financial ststements were approVs by the Board of Trustees and authorised for Fssue on Rev Da on (Chair) -Trustee Mrs Jean Franks ffreaSur)
ST MARYTHE VIRGIN, SHEERING Notes to the Financial Statements For the Year Ended 31 December 2021 1. Statutory Inforniation st Mary the Virgin is an unincorporated charity. registered in the name of The Parochial Church Council of the Ecclesiastical Parish of Sh&ring. The principal office is detailed on page 1 of the financial statements. The financial statements are presented in pounds sterling, which is the functional currency of the chanty. The financial statements comply with section 1A of Financial Reporting Standard 102. 2. Accounting Policies Basis of preparing the financial statements The financial statements of the charity. which is a public benefft entsty under FRS 102 have been prepared in accordan with the Charities SORP{FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practise applicable to charities preparing their accounts in accordan wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective 1 January 2019)., Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have b*n prepared under the historical cost convention, with the exptIOn of investments which are included at market value, as modified by the revaluation of rtain assets. Income All income is recognised in the Ststement of Financial Activities On the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised has expenditure as soon as there is a legal or constructNe obligation commitb'ng the charity to that expendrture. it is probable that a transfer of economic beneffts will be required in settlement and the amount of the obligalion can be measured relaxed. Expenditure is accounted for on an accurate basis and has been classified under headings that aggregate all cost related to the category where costs cannot be directly attributed two particular headings they have been allOted to activities on a basis consistent with the use of resour$ Grants offered subject to conditions which have not been met at the year end date are noted as a commitrnent but not accrued as expenditure. Taxation The charity is exempt from tax on its charitable activities Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is induded Tn the notes to the financial statements Investments Investments comprise a managed investrnent fund. Investrients are measured at fair value with changes in fair value recognised in the statement of financial activities.
ST MARY THE VIRGIN, SHEERING Analysis of income and expenditure Unrestricted Restricted Endovmient This ear Last ear INCOME AND ENDOWMENTS General Restrieted EndowmeDt 2021 2020 Donations and legacies Gtft Aid- Bank Other planned giving Loose plate collections One-off Gift Aid gffts Donations appeals etc Tax recoverable on Gift Aid Non-recurring one-off grants Other funds generated 3,353 12,114 908 1,658 3.782 4,030 40 310 3,393 12,424 908 1,668 3,957 5,149 9,154 10,245 189 100 10 176 1.119 3,758 3,000 2,663 31,952 221 26.066 90 1.745 312 27,811 Total Incomefrom charitable octivities Fees for vRddings and funerals Salary of administrator reimbursement 2,923 2,923 1,640 Total 2,923 2,923 Investments Bank and building society interest 414 414 531 Total 414 414 531 Other income Insuran claims 1,409 1,409 Total INCOME TOTAL 29.403 3.154 32,557 34,124 The charty also receives fees for weddings. funerals and other related services, in its capacity as agent, on behalf of the Di0san Board of Finan and other service providers. Neither these reipts nor their subseqL*nt payments is recognised in income and expenditure. For the year under review, such fees amounted to £ 1,400 which have been paid over to those sep4ice providers by the balan sheet date.
ST MARY THE VIRGIN, SHEERING EXPENDITURE Expenditure on charitoble octivities General Restricted End¢)wment 2021 2020 Giving to missionary societies Secular charrties Ministry parish share etc Assistant staff costs Salary of parish admintstrator Working expenses of incumbent Church running - insurance Organ I piano tuning Church maintenan Upkeep of services Upkeep of churchyard Administration Church running- electric Church running - water Hall running - maintenance Hall + major repairs- structure Hall + major repairs- installation Other PCC propety upkeep Totsl EXPENDITURE TOTAL 20 20 20,000 20 20 20.000 16,000 3,106 1.798 74 1.798 74 2.167 220 2.167 220 478 3,443 297 2.772 478 836 50 71 1,483 20 278 1,523 98 1,523 98 625 780 625 780 906 2,074 157 1.492 3.652 3.652 1.492 33,880 33,880 228 29,184 29,184 30.228 30.228 INCOME le55 EXPENDITURE GRAND TOTAL 825 498 1,323 4,940 There were no trustees. remuneration or other benefits for the year ended 31 December 2021 nor for the year ended 31 Dernber 2020 There were no trustees, expenses paid for the year ended 31 Dernber 2021 nor for the year ended 31 Dember 2020 io
ST MARY THE VIRGIN. SHEERING ststement of assets and liabilities General Restricted Endowment 2021 2020 Fixed assets- Tangible assets Willi8m$ 8equest- Scoones Bequest- 12,605 9,051 21,656 12,605 9.051 21,656 11,043 Totals 18,971 Curvent assets- Cash at bank and In hand Bank ¢Ufrent acInt- Bank Friends account- Cash in hand - 7.398 103 89 7,831 169 8,089 7,487 7,934 169 15,590 7,405 8,385 169 15,959 Totals 7,502 Current assets- Debto Accounts Receivab - 95 1.439 1N39 2,040 Totals Liabilities - Aggncy a¢¢ounts Agency collectiorB- 31 31 31 31 143 {1431 Totals Llabllttles - Credltors: Amounts folling due in one year Accounts Payae- 1.278 1278 200 1.478 1A78 1,299 1.299 Totals Grdnd total 7.567 21.656 35,814 Fund movement by type ni Incomin oin Transfers Gainlloss Closin Flower- Flower Fund Restricted 169 169 169 169 SU110tal for Flo Frlends- Frlends of St IAary Restricted 7.227 3,154 3.154 3,652 3,652 6,729 6,729 Sub40ts1 for Friends LenGunn - Len Gunn Bequest Restricted Sub4otal for LenGunn 1.000 1.1)00 PamGunn - Pam Gunn Memorlal Fund Restricted Sub4otal for PamGunn 55 55 Scoones . Scoongs Bgquost Endowment Sub40ts1 for Scoones 7.929 1,122 9,051 Williams - Williams Bequest Endowment SulAotal for Willlams 1.563 1,563 12,605 12,605 General - General fund Unrestricted Sul>otal for Generdl 8.392 8J92 29.403 29.403 30,228 7,567 7.567 Grnnd t(rtal 14 li