**Woodmansterne Lane, Woodmansterne, Surrey SM7 3NL Registered Charity Number 1150826** **Statement of the Final Accounts for the Year Ending 31 December 2021** **St Peter’s Church Woodmansterne** ## **Trustees Report** 1. The purpose of the charity is to invite and welcome others to "come and see” (John 1.39) who Jesus Christ is. 2. A summary of the main activities and achievements of the Charity is contained in the Secretary’s Report to the APCM. 3. The Charity is a public benefit entity. 4. The List of Names of the Trustees is shown in Appendix I 5. Recruitment and appointment of new Trustees occurs through the Annual Parish Church Meeting. 6. The policy adopted by the Charity to determine the appropriate level of reserves is as follows; - a. Consider the level of funds at any one time listed as Restricted and Designated - b. Review the ongoing commitments for the next three months - c. Ensure that there are sufficient funds available to meet these commitments having ring fenced those funds in ‘a’ above. ## **Financial Review of 2021** Total receipts for the year were £88,651 (2020 - £160,353) of which £4,910 represented restricted income, with total expenditure of £123,890 (2020 - £130,657), of which £16,539 was restricted expenditure. Net expenditure for the year amounted to £35,239 (2020 net income £29,695) of which net expenditure of £11,629 was from restricted funds. As at 31[st] December the Church had monetary funds of £88,703 (2020 - £123,942) of which £38,910 were restricted funds (2020 - £50,553). ## **Explanatory Notes to be read in conjunction with the accounts** 1. Regular Giving – comprises plate collections at services, covering both cash and the weekly envelopes scheme. It also includes money received through standing orders. 2. HMRC - Gift Aid recovered on any giving where the giver is known, is a tax payer and has completed the appropriate Declaration. Also includes Gift Aid recovered through the Gift Aid Small Donations Scheme (GASDS) on unidentified cash donations where applicable. 3. Mission receipts - Money recovered for Bible Reading Notes, the Bishop’s Lent Appeal, collections at events for Messy Church and Bible Society. 4. Donations - Lump sum donations or grants, often with a specific project in mind. 5. Bus Stop Café (BSC) – income and expenditure from the sale of food and drinks at the weekly cafe. 6. Bank Interest – as the Bank Account Summary - attached as Appendix II. 7. Ralph Cottage Rent – Rental income received from the tenants. 8. Churchyard expenses – includes general churchyard maintenance costs. There have been no capital improvements funded in 2021. 9. Mission and other Charitable Donations – includes all costs associated with delivering our mission. 10. Church Hall Expenses – normal revenue costs associated with the running of the hall – utilities, cleaning, insurance etc. 11. Church Hall Maintenance – costs associated with maintaining the Hall. 12. Ralph Cottage Expenses – normal revenue costs associated with the cottage such as insurance, repair of broken windows and handyman costs for example. 13. Ralph Cottage Maintenance – covers periodic repairs to the cooker, boiler, and work to the perimeter fences and hedges. 14. Church Hall Refurbishment – included here are costs of capital works improvements which have been set against the Restricted Fund established following a donation in 2016. During 2021 the improvements to the Hall garden area were completed as the final phase of this work. The Restricted Fund is now exhausted. Page 1 **St Peter’s Church Woodmansterne** **Woodmansterne Lane, Woodmansterne, Surrey SM7 3NL** **Statement of the Final Accounts for the Year Ending 31 December 2021** ## **Registered Charity Number 1150826** ## **Receipts and Payments Account** |**Receipts**
Regular Giving Excluding Gift Aid
HMRC Gift Aid
Mission Collections
Donations and Grants
Magazine Sales
Magazine Advertisements
Bus Stop Café
Investment Interest
Ralph Cottage Rent
Hall Hire
Weddings and Funerals
Hall key deposits
**Total Receipts**
**Payments**
Parish Support Fund
Child and Family Minister (CFM)
Organ and Choir
Church Expenses
Ministers Expenses
Churchyard Expenses
Books, Printing and Stationery
Bus Stop Café
Flowers
Messy Church
Mission Giving
Church Hall Expenses
Church Hall Maintenance
Ralph Cottage Expenses
Ralph Cottage Maintenance
**Total Normal Payments**
**Special considerations**
Church Hall Refurbishment
Church Fabric Works
Defibrillator
**Totals**
**Total Payments**
**Excess expenditure over income**|**2021**
**Unrestricted**
**Designated**
**Restricted**
**Total**| |---|---| ||**83,441**
**300**
**4,910**
**88,651**
**160,353**
**2021**
**2020**
**Unrestricted**
**Designated**
**Restricted**
**Total**
**Totals**
50,000
0
0
50,000
68,000
22,130
0
4,265
26,395
27,271
1,310
0
504
1,814
1,801
14,208
0
0
14,208
11,585
933
0
0
933
527
1,500
0
0
1,500
7,136
1,236
0
0
1,236
1,121
338
0
0
338
185
68
0
0
68
237
14
0
0
14
231
1,156
0
0
1,156
3,570
5,688
0
0
5,688
5,755
1,050
0
0
1,050
53
625
0
0
625
267
2,230
0
0
2,230
0| ||**102,486**
**0**
**4,769**
**107,255**
**127,739**
2,457
0
11,770
14,227
1,478
0
2,108
0
2,108
1,440
0
300
0
300
0| ||**2,457**
**2,408**
**11,770**
**16,635**
**2,918**
**104,943**
**2,408**
**16,539**
**123,890**
**130,657**| ||**21,502**
**2,108**
**11,629**
**35,239**
**-29,695**| Page 2 **St Peter’s Church Woodmansterne Woodmansterne Lane, Woodmansterne, Surrey SM7 3NL Registered Charity Number 1150826** **Statement of the Final Accounts for the Year Ending 31 December 2021** ## **Statement of Assets and Liabilities as at 31 December 2021** |**Tangible Fixed Assets**
Ralph Cottage
Church Hall and car park
**Current Assets**
**Short Term Deposits**
NS&I
**Total short-term deposits**
**Cash at bank in hand – CAF Accounts**
**Total cash**
**Total assets**
**Liabilities falling due within one year**
**Total Assets less Current Liabilities**|**2021**
**2020**
405,000
405,000
1,520,000
1,520,000
**1,925,000**
**1,925,000**
**Note 1**
0
30,550
**0**
**30,550**
**88,703**
**93,392**
**88,703**
**123,942**
**2,013,703**
**2,048,942**
0
0
**2,013,703**
**2,048,942**| |---|---| Note 1: The Fixed Assets were not re-valued in 2021. Page 3 **St Peter’s Church Woodmansterne** **Woodmansterne Lane, Woodmansterne, Surrey SM7 3NL Registered Charity Number 1150826** ## **Statement of the Final Accounts for the Year Ending 31 December 2021** |**2022 Proposed Budget**
**Receipts**
Regular Giving Excluding Gift Aid
HMRC Gift Aid
Mission Collections
Donations and Grants
Magazine Sales
Magazine Advertisements
Bus Stop Café
Investment Interest
Ralph Cottage Rent
Church Hall Lettings
Weddings and Funerals
Hall key deposits
**Total Receipts**
**Payments**
Parish Support Fund
Child and Family Minister (CFM) Costs
Organ and Choir
Church Expenses
Ministers Expenses
Churchyard Expenses
Books, Printing and Stationery
Bus Stop Café
Flowers
Messy Church
Mission and other Charitable Donations
Church Hall Expenses
Church Hall Maintenance
Ralph Cottage Expenses
Ralph Cottage Maintenance
**Total**
**Special considerations for 2021**
Church Hall Refurbishment
Church Fabric Works
Defibrillator
East Wall Design and Costing Phase
**Total**
**Grand total payments**
**Excess expenditure over income**|**2021**
**2022**
**Budget**
**Actual**
**Budget**
52,000
38,915
41,856
13,500
12,658
10,740
750
14
0
5,000
11,548
3,960
0
60
0
0
0
0
1,000
919
804
50
10
12
16,200
16,200
16,200
4,000
3,923
5,065
2,500
4,384
3,238
0
20
0| |---|---| ||**95,000**
**88,651**
**81,875**
**2021**
**2022**
**Budget**
**Actual**
**Budget**
60,000
50,000
60,000
27,500
26,395
11,664
1,800
1,814
1,814
16,112
14,208
14,199
700
933
1,200
2,250
1,500
1,500
1,000
1,236
1,104
300
338
600
300
68
429
200
14
200
4,370
1,156
380
5,500
5,688
7,657
0
1,050
1,212
267
625
1,000
2,500
2,230
4,500| ||**122,799**
**107,255**
**107,459**
**2021**
**2022**
**Budget**
**Actual**
**Budget**
11,770
14,227
0
0
2,108
0
0
300
0
-
-
9,941| ||**11,770**
**16,635**
**9,941**| ||**134,569**
**123,890**
**117,400**
**39,569**
**35,239**
**35,525**| Note: Due to the expected deficit in 2022, capital projects will only be funded to the extent available from the relevant Restricted or Designated Fund. Page 4 **St Peter’s Church Woodmansterne** **Woodmansterne Lane, Woodmansterne, Surrey SM7 3NL Registered Charity Number 1150826** **Statement of the Final Accounts for the Year Ending 31 December 2021** ## **Financial Statements for the Year Ended 31 December 2021** |**Analysis of Receipts and Payments**
**RECEIPTS**
**Voluntary Income**
Regular Giving-includes SOs,
All other giving
Gift aid recovered
**Revenue Generating Activities**
Hall Lettings
Parish magazine adverts
Parish magazine sales
Bus Stop Café
**Income from Investments**
Ralph Cottage Rent
Interest
**Income from Church Activities**
Weddings and Funerals
Hall key deposits
**Total Receipts**|**Unrestricted**
**Designated**
**Restricted**
**Total 2021**
**Total 2020**
**Funds**
**Funds**
**Funds**
£
£
£
£
£
35,135
240
3,540
38,915
41,564
11,062
0
500
11,562
75,809
11,748
60
850
12,658
19,672| |---|---| ||57,945
300
4,890
63,135
137,045
3,923
0
0
3,923
3,663
0
0
0
0
0
60
0
0
60
455
919
0
0
919
749| ||4,902
0
0
4,902
4,866
16,200
0
0
16,200
16,200
10
0
0
10
268| ||16,210
0
0
16,210
16,468
4,384
0
0
4,384
1,934
0
0
20
20
40| ||4,384
0
20
4,404
1,974| ||**83,441**
**300**
**4,910**
**88,651**
**160,353**| Page 5 **St Peter’s Church Woodmansterne** ## **Woodmansterne Lane, Woodmansterne, Surrey SM7 3NL** ## **Registered Charity Number 1150826** ## **Statement of the Final Accounts for the Year Ending 31 December 2021** |**Analysis of Receipts and Payments**
**PAYMENTS**
**Church Activities**
Mission giving and donations
**Costs of generating funds**
Ralph Cottage Costs (Includes maintenance)
Bus Stop Café Costs
**Ministry**
Parish Support Fund
Clergy and staffing costs
**Church Running and Maintenance**
Organist and Choir
Messy Church
Printing and Stationery
Church running expenses
Churchyard
Hall running costs (Includes maintenance)
**Total Normal Payments**
**Special Projects**
Church Hall Refurbishment
Church Fabric Works
Defibrillator
**Total for Church Activities**
**Excess expenditure over income**|**Unrestricted**
**Designated**
**Restricted**
**Total 2021**
**Total 2020**
**Funds**
**Funds**
**Funds**
1,156
0
0
1,156
3,570| |---|---| ||1,156
0
0
1,156
3,570
2,855
0
0
2,855
267
338
0
0
338
185| ||3,193
0
0
3,193
452
50,000
0
0
50,000
68,000
23,063
0
4,265
27,328
27,798| ||73,063
0
4,265
77,328
95,798
1,310
0
504
1,814
1,801
14
0
0
14
231
1,236
0
0
1,236
1,121
14,276
0
0
14,276
11,822
1,500
0
0
1,500
7,136
6,738
0
0
6,738
5,808| ||25,074
0
504
25,578
27,919| ||**102,486**
**0**
**4,769**
**107,255**
**127,739**
2,457
0
11,770
14,227
1,478
0
2,108
0
2,108
1,440
0
300
0
300
0| ||2,457
2,408
11,770
16,635
2,918| ||**104,943**
**2,408**
**16,539**
**123,890**
**130,657**| ||**21,503**
**2,108**
**11,629**
**35,239**
**-29,695**| Page 6 **St Peter’s Church Woodmansterne** **Woodmansterne Lane, Woodmansterne, Surrey SM7 3NL Registered Charity Number 1150826** **Statement of the Final Accounts for the Year Ending 31 December 2021** |**Financial Statements for the Year Ended 31 December 2021**|**Financial Statements for the Year Ended 31 December 2021**||||| |---|---|---|---|---|---| |**Further analysis**|||||| |**RECEIPTS**|**Unrestricted**|**Restricted**|**Designated**|**Total 2021**|**Total 2020**| ||**Funds**|**Funds**|**Funds**||| |Voluntary Income|57,945|300|4,890|63,135|137,045| |Revenue Generating Activities|4,902|0|0|4,902|4,866| |Income from Investments|16,210|0|0|16,210|16,468| |Income from Church Activities|4,384|0|20|4,404|1,974| |**Total Receipts**|**83,441**|**300**|**4,910**|**88,651**|**160,353**| |**PAYMENTS**|||||| |Church Activities|1,156|0|0|1,156|3,570| |Costs of generating funds|3,193|0|0|3,193|452| |Ministry|73,063|0|4,265|77,328|95,798| |Church Running and Maintenance|25,074|0|504|25,578|27,919| |Special Projects|2,457|2,408|11,770|16,635|2,918| |**Total Payments**|**104,943**|**2,408**|**16,539**|**123,890**|**130,657**| |**Excess expenditure over income**|**21,503**|**2,108**|**11,629**|**35,239**|**-29,695**| Page 7 **St Peter’s Church Woodmansterne Woodmansterne Lane, Woodmansterne, Surrey SM7 3NL Registered Charity Number 1150826** **Statement of the Final Accounts for the Year Ending 31 December 2021** ## **Notes to Financial Statements for the Year Ended 31 December 2021** **1.** The financial statement of the PCC has been prepared in accordance with the Handbook of the Association of Church Accountants and Treasurers April 2017 on a Receipts and Payments basis. They also comply with the requirements of the Diocese and the Charities Commission. **2.** Fixed assets retained for the church are the freehold of Ralph Cottage, Rectory Lane, Woodmansterne, and the Church Hall at their current estimated value. **3.** Funds: General Funds represent the funds of the PCC that are not subject to any restrictions regarding their use. Restricted and Designated funds are held for specific projects as instructed, usually by the donor (Restricted) or as agreed by the PCC (Designated). The amounts, fund titles and movements in the funds are set out below. The BM Summer Camps Designated Fund was closed in 2021 and the remaining amount became General Funds as the PCC determined this activity was not likely to be needed any more. **4.** Due to the COVID-19 pandemic the Church and Hall were both closed for parts of 2021. This significantly reduced income from Church activities and Hall Lettings although Regular Giving and Donations continued. Where possible, expenses were limited to the necessary fixed costs during the closure periods. ## **Restricted and Designated Funds** |**Restricted Funds - Gross (Includes GA)**
Hall
CFM
Messy Church
Hall Key Deposits
East Wall Fund
Clock Repair Fund
Fabric - Legacy
Organ maintenance - Legacy
**Total Restricted Funds**
**Designated**
Defibrillator
Church Fabric Repair
BM Summer Camps - Legacy
**Total Designated Funds**
**Total Restricted and Designated**
**General Fund**|**Amounts**
**from**
**Changes in 2021**
**Transfers**
**2020**
**Additions**
**Reductions**
**In**
**Out**
**Balance**
11,770
0
14,227
2,457
0
0
0
4,265
26,395
22,130
0
0
1,002
0
14
0
0
988
340
20
0
0
0
360
31,250
0
0
0
0
31,250
0
625
0
0
0
625
50
0
0
0
0
50
6,142
0
504
0
0
5,638| |---|---| ||**50,553**
**4,910**
**41,140**
**24,587**
**0**
**38,910**
770
0
300
0
0
470
7,225
300
2,108
0
0
5,417
2,800
0
2,800
0
0
0| ||**10,795**
**300**
**5,208**
**0**
**0**
**5,887**| ||**61,349**
**5,210**
**46,348**
**24,587**
**0**
**44,797**| ||**62,594**
**83,441**
**77,542**
**24,587**
**43,906**| Page 8 **St Peter’s Church Woodmansterne Woodmansterne Lane, Woodmansterne, Surrey SM7 3NL Registered Charity Number 1150826 Statement of the Final Accounts for the Year Ending 31 December 2021** Signed on behalf of the Parochial Church Council (PCC) of St Peter’s Church Woodmansterne by; John Itumu – Rector and Chair of the PCC Alan Carter - Treasurer Page 9 St Petérfs Church Woodmansternè Woodmansterne Lane, Woodmanstèrné, Surréy SM7 3NL Registered Charity Number 1150826 Statement of the Final Accounts for the Year Ending 31 December 2021 Independent Examinerfs report to the Parochial Church Council IPCCI of St Peterf5 Church, Woodmansterne, Surrey This report on the Accounts of the PCC for the year ended 3151 December 2021, which are set out on the preceding pages. is in respect of an examination carried out in accordance with the Church Accounting Regulations 2006 Ithe regu13tions1 and Section 145 of the Charities Act 2011 (the Act). Responsibilities and ba515 of report A5 the membefs of the PCC and trustees, you are responsible for the preparation of the Accounts in accordance with the requirements of the Charities Act 2011 (the Act). You consider that the audit requirements of Section 142121 of the Charities Act 2011 do not apply. I report in respect of my examination of the Pcc's accounts as required under Sertion 145 of the 2011 Act and in carrying out the examination I have followed all the applicable Directions given by the Charity Commission under Section 14515llbl of the Act. Independent examinerfs statement I have completed my examination. I confirm that no matters came to my attention in connection with the examination giving me cause to believe that in any material respect.. l. Accounting records were not kept in respect of the PCC as required by Section 130 of the Act,. or 2. That the accounts do not accord with those accounts- or 3. That the accounts do not comply with the applicable requirements concerning the form and content of the accounts set out in the Charitie5 (Accounts and Reportsl Regulations 2008 other than the requirement that the accounts give a 'true and fair view, which 15 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. David Wheeler FCCA Cheeld Wheeler & Co Chartered Certified Accountants Goodman House 13a West Street Reigate Surrey RH29BL Dated Page 10 **St Peter’s Church Woodmansterne Woodmansterne Lane, Woodmansterne, Surrey SM7 3NL Registered Charity Number 1150826** **Statement of the Final Accounts for the Year Ending 31 December 2021** ## **Appendix I: List of Names of the Trustees** |**Name**|**Date of Appointment**| |---|---| |Barry Griffith|10th January 2013| |Susan Knight|6thApril 2014| |Rev. John Itumu|3rdMarch 2020| |Nigel Pierce|10thJanuary 2013| |Alan Carter|15thSeptember 2020| |Rachel Gardner|19thApril 2015| |Sandra Hopkins|7thMarch 2021| |Douglas Marshall|10thJanuary 2013| |Lucinda Ayles|22ndApril 2018| |Simon Haysom|10thJanuary 2013| |Gill See|10thJanuary 2013| |Brian Pierce|10thJanuary 2013| |Lewis White|22ndApril 2018| Note: This lists the Trustees that were in place following the Annual Parochial Church Meeting held on 7[th] March 2021. Brian Pierce passed away in August 2021. Page 11 **St Peter’s Church Woodmansterne Woodmansterne Lane, Woodmansterne, Surrey SM7 3NL Registered Charity Number 1150826** **Statement of the Final Accounts for the Year Ending 31 December 2021** ## **Appendix II: Bank Account Summary** |NS&I 138000600
CAF 1
CAF 2
CAF 3|Opening
Balances
01/01/2021
Receipts
(including
Transfers)
Payments
(including
Transfers)
Interest
(included
in Receipts)
Closing
Balances
31/12/2021
30,549.57
2.09
30,551.66
2.09
0.00
5,484.56
152,578.00
154,441.66
0.00
3,620.90
36,696.87
51,145.41
59,000.00
3.49
28,842.28
51,211.09
46,756.02
41,727.00
4.36
56,240.11| |---|---| ||123,942.09
250,481.52
285,720.32
9.94
88,703.29| Note: Due to our deteriorating financial position the Trustees agreed to close the NS&I Investment Account and make the funds accessible for day-to-day needs. The account was closed on 8[th] September 2021 and the total amount of £30,551.66 was paid into the CAF 1 Account and then transferred to the interest-bearing CAF 3 Account. Page 12