ST GILES CHURCH HORSTED KEYNES ANNUAL REPORT and FINANCIAL STA TEMENTS ofthe PAROCHIAL CHURCH COUNCJL for the year ended 3 1st December 2021 NTENTS Annu pOrt Pawlio5 Report of the lttdepthdent Examiner Page 6 Sthtement of Finoncial A¢iiviiit8 (SOFA) Pa8e 7 Balance Sheet P38e 8 Noteg to th¢ Financial Si8tements Pages 9 10 14 THL PRILST IN CHARGE I'he Reverend Dlvid Murdoch The address of th¢ Te¢tory is :. The Rectory. stsiion R08d. Ilorsted Keyr*s HAYWARDS HEATH. RH17 7ED. PRIMARV IYANKEILS The PCC banks pruwiiy with:. CAF BANK Lirniied Kings Hill. West Mallin& KenL ME19 4TA. INDEPENDENT EXAhllNER The dendent examiT]er is:. Mr A P P¢¢1 Cr( The Ilcrmi138c. Church Lane, Horsted KcyDcs HAYWARDS HEATH. RHI 7 7AY. CHARITY C()MfvIISSION RF.GisfRATIOli The Pamchial Chw¢h a)wKil is a wstrred ¢harLty, No. 1154482.
HORSTED KEYNES PAROCHIAL CHURCH COUNCIL Reglstered Charity Iyumber 1154482 ANNUAL REPORT for 2021 Admlnl$tntiv¢ Informatlo St. Gil¢s Church (Grade I listed) is situated in Church Lanq Hod Keynes R1417 7AY. It is pÈrt of the Dtocese of Chi¢hester within the Churth of EnEl&nd. All eorres])ond¢nc¢ should bc add&5¢ to HKPCC, The Martindaie Centre. Ststion Roa¢L Horst¢d Keynes, H¥y.ardS H¢ath RHI 7 7ED. St Giles Church Horsd Keyrtes is a registered cbarity nlltll 1154482. During the year thc folloivin8 seryed be[S of the Patochial UrCh cOClI {PCC).' Priest-iQ-Char¥e'. Fr D¥i'HI Mwdo¢h {PCC Chairmart) ChurchwALrdens'. Mr David Lamb (PCC D¢puty Chairnwi (elecd Awil 2021)) IHa$ 6erved as chur¢hwardM since July 0131 Mrs Barbar8 Foirweather (el¢ctrJl April 2021) Deanery Synod Repr&Sentatsi.' Mrg Heidi Mowforth Mrs Chn's Wheadey lunhl 2024) (until 2024) Electcd M¢mbeTS'. Miss Judith Bowro Mrs Borbara Fairw¢ather Mr Martin Govas (Treasur) Mrs Nicola Hickey Mr Petrr Vince Mr John Whiting Mr Adnan Woods {UT)ti12024) (unlil 2022) (unlil 2024) (unlil 2024) (until 2024) {until 2024) (until Apnl 2021) C(wipied Memt¢r'. Mr$ Marion Lott (ex-officio. MCMC Chairl The PCC m4de the foll•wlng Appolntmetsl•: PCC minutes s Mr3 M8Tion iAXt Parisli Safe¥uwding Officer Mr Geri Silv¢rstone ElectOTal Roll OITittr Fiona Price Structure, 8overn4Trce mangernent Membership of the PCC is det¢miined under th¢ Church RePr£tati1)n Rules Ind consists of ex4)fficio members IChurL.hward¢n{$l. the members ot Diocesan and Dcan¢ry Synods). the chairnwi of thr Martind41e Cenlre Mana8cment Committee {LO-opiedl, and 7 rnernber5 of the churdj who arc ele¢d the Anll Parothial Church M¢¢iing (APCM). Th¢ PCC Sccretary and Tresurer are elected by th¢ PCC. The PCC is re8POn8ible for a wide rafftge of matter5 atTecun8 th¢ parisb and. in their capa¢ity as Irustees. memberq of the PC.C are respot2sible for the.%ieward%hip of fi]nds. the appropriate accountittg and [CrtIng of partsh fJnan¢e$. and Lotnplianie with legislatson applying kn) health alld safety. disabits¢y. aThl safeguarding childw and vulnerdblt adults. The PCC Join5 and unil&s the work of the Churcty JL4 rA)IDltIe Sthl g0Vrt$ and thc Friends 4)f Ilur%tcd Kcyne Church Page I
HORSTED KEYNES PAROCHIAL CHURCH COUNCIL Registered Charity Number 1154482 ANNUAL REPORT for 2021 (toDtinued} The follo.ing committees 4r¢ r¢4)¢)nsible for i'8rious asp¢¢ts of the r¢OnSibIlitieS and business of the PCC. and report to the PCC.. Siaryding Committee.. ts a stttring wup. which has poww trallsact the bsIneSS of the PCC between its me¢tiDgs. Inoitce Commillee.. OV¢T5¢¢5 thc gcneral finaTKial diTrtren5i0n of th¢ work of Si. Gjlcs's by monitoring income and expenditure. budgeting and establishing and reviewing apptopriate financial contmls. The Finance Committee employg thc 8ervices of Mr Stsve Brcntha]I to give accountsthg 8n¢J stratrgic &dvicc a1 tsTr prepare the Management and Annual Accounts. Mdrtindole CeKtre AlaKagtm¢ni Commth.. manaBes the day to day ado)uustrnb"oo and maintenaDce irfthe Martt'ndale Centre. Fabnc Comniillee.. oversees maintenance of the Church builditig fknric. Churchyard Cowniiie¥'. is r¢spoiLILble for the Maint¢¢ of the churchyard and safety Aspects of the area. 'oroll ihe fr'arnily Group.. an infonnal 8TOUP which meets once a month to plan the n¢xl m¢)nthly 'For oll the Family, Euchari5L and aspires to r&mdle H Sunday club. Friends oJ'Horsied KeyJTes Church.. exis18 to help. with funding 8nd in other prnctical ways. the maintenan¢ rLyaiT. beautific8tion and d¢v¢lopment of the church buildin& its po88e88l0 and its ¢hur¢hyar Health Safety The PCC mak¢s provislon to consider health safety issues * every meeting iviih an eyt to overseeiii8 updating Ihc risk assc$sm¢nt under ongoin8 S¢rtitiny by church officers ¥n)ss committe¢s who d¢velop systems and pro¢edures to manage the riskg In iheir separate spberts. Mr John Whiting continued as Health and W¢ty Offic¢T. Sfe8uArdlnx The Safc¥uardin¥ OffJG¢r r¢port3 io the PCC OD a rexular bL8i5 and the PCT rnake5 provision to Consid Safeardin i$$ues st every mc¢ling. The PCC has cornplied with the duty to have'due 881d, to the Houge of Bishops. SafeKuaTding Policy and Practic¢ fjuidantt. Publlc Belleflt The PCC a¢knowledBes its requirements lo (kns)nstrats ¢l¢ariy tha4 05 ¥ ¢barity aiIniu8 to advanee reli8ion, li musl have eharitsble purposes or'aim$' that are for the public btfit. t)eI$ of ThW the PCC has a¢hievel this are provided in this report. Alm and pyrpo The PCC works wilh the pansh pnesi io factlitste wotship of Almighty God gmwth of the christi Church and Bervice to others ID 2nd heyond th¢ porish in accordance with J, to lovc our ncighbour. With k¢y aims in min4 Horsted Key$ PCC has established objeLveS ID its LIITrtnt Mission Actsort P13n IMAP). Our vision is become bettsrfollorts Chrtsi lovthg God4rfd loving others". Our agreed initiatives to achieit our objecti1. are split into Iwo gTOUPS, thc tirsf aimed at kcoming better disciples (Iou shall love lhe Lordyour GodM?Ih all 0ndrh cll ivurjoul. M?Ih oll voNr nii1), and the second at bttoming b¢tter servants IYOM Jholl lo w naghbow oyyourselj). Page 2
HORSTED KEYNES PAROCHIAL CHURCH COUNCIL Regtstered Charity Number 1154482 ANNUAL REPORT for 2021 (¢ontinued) Parl8h Prlest's Report 2021 As the year siart¢d. w¢ were another lockdown. but this lllne allowed to >]d public servi¢p6. The 8 D'clock Longregation all continued to c¢)me, whereas the 10 o'd(d olle was quite sparse at first, but gw gradually ab th¢ situation eased alld ¥alneS became 3Iailabie. David Lamb coDtLnud to do Sterling w'ork oll streamlng the 10am Eu¢hanst. By the cDd of th¢ year. wc w'ere back to aboui two thirds previows aiieiidaD¢e at the EO o'¢lc¢k aDd l F¥)pe aDd pray others wdl feel eonfideni to return the Covid situation CODtiDue% to we. In the early part of the ywr the S4)leJacks were workiDB on the church spire. attA¢ling much iDtrrest and prnyers for thetr 8afeiy. During Lent we used Radio 4 tslks based upon John Barfon's 'HiSry of the Bibl¢, for our zoomed Lent ¢OUTSCS. This proved intttesling and Slimularing and attTac¢eA a few dilY¢rent people. Ti was a 8reat Joy to keep Holy Wc¢k Easter with a ConeSaOn. having had jLL4 me and cIlle in my fus¢ year here. May brought a Chn'stian Aid Week which several pw)le pu¢ a lot of WOTk into. with outstanding r¢sults. In June we be8an to emerge from Lockd¢)wn and rcjoiced 8retttly wh¢n e eould 411 sing again. In July iaishop Martkn came io lead pr¢a¢h ai a Cclebratory F.uchari5t for the completion of our rfy)f aTMI spire rcpairs, and w¢ wcre liblo IL) bc Outsid¢ in the hot sun. Thi5 followed a Joyful 'toiyin8 oif ¢¢rernony. wutchryl by many from th¢ ¢hur¢hy&rd and cliildr¢ii In the schwl play8rouTrJ. We h&d yix Weddin this year, wme having been from the year before. The Autumn broughi our po8tponed Swwdship C4mp•i8n. A8ain, the steerin8 8fDUP Wotked eXtme1Y hard to produ a i'ery professiott81 wnpaign with l¢aflets, Ictters. iwo sernion& inLluding from our r)ii)Lesan Giving Advi50r, tea towels which irc still lIll8 wrll. and a truly memorable eonc¢rt by pupil$ frum the scknl where Nicky Hickey leaches mwic. Results w¢re encour88in¥. hut we mu%1 slill be mindthl orth¢ n¢e41 f(r commiiie4t re8ular, 8en¢rous 81'%Èn& as well AS fvndrrLisill8• to meet sbortfalls in our Gen¢rnl Fund. Ai Christmas w¢ plann&J carefully to make 5pxial sevices Covid (rietrjly. We held ChrJsunBles lo en¢ouraBe 50ci4] di81ancing. and reluc18nily tiekeled them. This was a gr¢81 sucee5s. Cbnslmas Eve beinR sold out and 23rd De¢eJnber more than haifsold. Bcthl¢hem Midni8ht and alStM&% morning Euchtirists wer¢ b(Trth Also well aiiend¢d. A¢TOS5 thc Sumrncr and Auiumn. the St8TKling Committff and then PCC wtrc 8sked. together with other churchey across Chichester Diocese, lo forn) a ML&sion Aciion Plan. Thi5 wa5 partly to gauge from the 'bottom up, how ¢hur¢hcs rnighi be%1 worship and exer¢is¢ mLnlStry and mission itt the fac¢ of possibl¢ continuing reduLth0tt5 in the numt¢r of rlcr8y available. As I WTite. th¢ individu81 parish plan5 gone to be eollat¢d into a Cuckficld D¢w)ery Platy thcn sent to Di(tesan level. Out MAPii'. l.. Groiv our monthly All A8e eucharnts and tsy to a Chiklm's weekty SwLd3y club. 2.. Keep in beeT iouch with Baptism And Marria8¢ families. invite them to an aDnual Ihanksglving servic4 usitig a DiocesaD pro8rnrtL 3.. Build cljurch extensiot4 providiD8 kitch kvatory and meetitt8 8PaC¢. 4.. Hnld a CThri8tian Basies Cowsq ¢.B.. EMrna or Pilgrim. and courses lo encourage 1b*In¥ church membeTS to deepcn their faith. Annual Parocbial Church Meamgs an OP1X)rtIfy to thank pwle trK¥ numerous to mention by name and, as alway5. 1 apoloyse if I leave anyone oul.. Cburchwarden& Secretsry, Treasurer. PCC men)ber5.' organisL pianists ld choir: setyers. sides-peopl< sacnstat]5 ond verger. ¢le8ners. ¢hur¢hyard ivorkers and flower aTran8er5. P88e 3
HORSTED KEYNES PAROCHIAL CIIURCH COUNCIL Registered Charity Number 1154482 ANNUAL REPORT for 2021 (continued) Thege 8Dd others are so importatlt ID earing for the church building gnd pahla1 administration. Then th¢re ar¢ those- solne the sam¢, som¢ different- who do so uch in terms of our outreach.. hdIe4¢her and stsff at St Gileg. School, P & P Editor. leaders 8nd h¢lpers at First Stcps Fri¢nds of HK churc Friends of our Church School. EIKafe, HK H¢lp. Lrf¢ and Tratth Group, Village luttth,. all who lead our bi- tnonthly Lhurch ¢b•iti¢s. Last by no m¢aDS Iwt, my dear w"i(e. Ch[istu, for all het 8llPPOrt in so very rnany ivays. 15ti11 feel immensely blessed ¥nd thaftkfi to be ca]led serve in a beautiful ehurch with supportive o)ngregaiion. in a frlendly aNI active village. and to live in a vefj, special house= the icing on ¢he cake beiD8 chaplain¢y to the Bluebell R.]waY. To help me prepare this r¢p)rL I looked back through my leuets in the parish magazine IP&P). In March L wrnte these word5. which still sttm to sum up some¢hin8 of what I bclicve we are all aFrt)ut.' How I l¢)ng for churches everywhere. and forourchur¢h hcrc in Horsied KeynaE. to 8TOW in our awareness of CJod'4 love foT i. to reflect that iti mak5ng oiheTS mor¢ awaT¢ of G¢)d's lov¢ for them. Je5u$ 8ald.'L•ve olle ttotheT m8 I h•ve loved you.. John 15.12- (my emphasis) A¢hl¢vem¢nts 4fyd Performance The elector81 roll was reviewed and totall 117 parishionn 13 of vthom we not residmt within the parish. The maximum number of people all¢11n8 on any Sunday in Ociober wo$ 56 in¢111¥ 10 children, the monthly average b¢ing 27. Bvth these fi8ure5 include people aiiendin8 by Zthbm. 33 odults 8nd 4 ¢hildr¢n yt(¢nd¢d iho All Souls Requiem service. Attendan¢e in church is slill reduced dut to worshippers. relucthnce to attrnd in pErsort because of the Covid pandemJ¢ but It 1$ Usually possible lo follow th¢ %rvitt4 on Zoom. Horne Commwiion vAsits and to th¢ r¢sAd¢ntr 2t Westall Hous¢ have 5tt11 be¢n unable to tak¢ place. The ZOC invitauon ts sertt to majority of those LnLluded ort the Ele¢tor&l Roll. Two Christingl¢ SenTiUS w¢r¢ held to 8ilow socJAi disthncth8 and wen well by peopl¢ who had previously b¢)oked via Eventhrite. There weTe I I meetings of the full Ff.c dunng tbe year, some In person aTrJ wme rtUallY &$ requjred by 3nli-Covid restri¢iions. All the sVcA)Mmitteej rnet u required. retKfflinB io the P.C..C. and liaisin8 Wlth our Parilth Pricit. 2 children were bapiised. there were 6 weddin8S gnd 8 Funml8. HKPCC highlights of church life for the ben¢fii of th¢ MmwI1¢Y in¢lud¢d in 2021.. L¢nt Course following th¢ HiSry of the Bible by John Ilthknn. which had re¢¢nily been s¢ri8lis¢d on Radio 4. HK-Help conlinud to provide support to the community throughoui the pandemic. providing transpon to meAlical appointhients and other needs &% required HKafe w held at the Manmdale Centre when allowed. led by the Youth Wotu from All Saints c.hurch. Danebill attd volwite¢rs from tbe p8nsh, caterm8 for secondary school 8ge children. Firsi spS, the toddler 8rthJp. mei when permiued al the Martinthle Centre, giving an opporwllity for parents and carers wryth smAiI cbildren io rneet in a safe environm1. St Giles School - we¢k]y collective worship in church ha5 not becD allowed for most of the year ljut wme smaller groups have mattagrd ro mert in church. The Junior School Carol se1¢¢ rthrntd to being hcld in church and wa8 very well atttNltd. Villag¥ Lunch was held once in the MartiTMlale Ccntre and WJS well att£nded but sadly restri¢tion$ Preventa rther evcnts. The FrieT¥J5 of Horsted Keynes ChuTch (FOHKC) were Wble to org8Di5e their ptograTullK of events bui an Open G8rden5 Tr4y in the lIage was well supportesl They bave continu&l th provide fmAll¢ig15UPWJrt for repatrs to the fabric of the ¢hurch aTHI churchydrd. The Parish and Parishionei IP&PI editoT h&8 colltiTwed wothce and publi8h the maguine 10 timc5 a year. Following the required safrty re8ulations. volunleer5 have continucd to collate and dL5tnbute these gn)und the village ond beyond. Page 4
HORSTED KEYNES PAROCHIAL CHURCH COUNCIL RegisteTed Charity Number 1154482 FlTrant5al Revkw ANNUAL REPORT for 2021 (continued) l. The llet income in 2021 was £4,992. Thi8 figure is on page 7 and comparts WEth the de6cit of £1.597 0) in 2020. The 21 surplus include5 aD iDvestsllent portfolio w)wealised of £11,569. Table 2(a) shows that the value of (knnatiO and legacies Te1ved was £87.684 (£122.962 in 21Y20). The 2020 rigure was CKCCPtiotully bL'8b &$ it included larg¢ one-off contributions iowwds the repairs to nave ceilrng and spire needed aft¢r th¢ thimi on 0910212020. The work w&s eompld¢d at thc beginning of 2021. The List¢d PIc5 of WoT5bip Grani Schetne coD(nbuted £10.427 towards the eXpeft a[ this is includal the CTnfits receivcd line, Reslrtcted Funds column. figure of £13,46? The level ofplanned g1Vll was st¢ody despite the loss of two conrributors during the year. A stewardskn'p Lamwgo Y'as h¢ld in (ktober f(Kuss¢d on Planoed Giving. Thi5 has had som¢ SUCLCSS Ln 2021 anil it is hoped that th¢ incom¢ from Plann¢d Givin8 will incre45¢ si¥nificautly in 2022. Tablc 2(c) sljows an improvement in Fundraising aTMI Hall (Martindal¢ Ctr¢) income. This Wds made poJJible by the partial litlmg of Covid resthciions. Table 3lbl r¢¢ords exp¢DdinTr of £22,807 (£73,957 ID 2020) OD Major r4Trairs and fabric. This mainly incurrEd ¢)n the spire. In addit10 the vtsty OUr (knr was reJtor*l. The pansb w75 again 8bl¢ to fvlly cover the contribution reqy¢%t¢d by the diocese for a h&iftime pnes¢. The Martindalc Cthitre available for hire during much of th¢ year, continuTng Covtd rLqtricrions again litniied ihe illcome. £8.941 was re¢eived1£6,452 ID 2020). The TullnmB costs al £9.171 were £l,(KJO hi8ber than in 2020. £500 had to bc 5p¢nt on r¢painn8 damagv ¢S¢d by vandals. 6. Tntte payments Rnd expenses.. the PCC supported the Clew by payiny the ¢¥)st of rttiory ulilities omountin¥ to £3,87612020- £3,872) plus other annual towwds tr8iel, i¢lephone. postage and IjbInd amounting to £79212020- £715). These are included in tsble 3(b). Thu¢ were no expellses pats to othcr truste¢s OT pewns related lo or ccmnected to them. 7. Table 12 8knws thai the COSL8 ofproducin8 ParLth magazine {P&P) wett closely matched by the incotne received. The r¢5tricted fund at the year-end SIOLWJ at a modcst £153. The ability ot ihe Friends ot'Hotstcd K¢yno8 Church lo nm timd r•isthg a¢livili¢s again very limÈlcd bccausc of Covid legislation. Nevenhele&s. an inccjme of£7,614 w85 achieved £16.42] was spaji mainly on the repairs to Ihc gpirc. Overall, the PCC'S financi reBults for 2021 were SAtisfactory. Thc main day to day ehallense is torIng the real vuluc ol'unrestrithed plwmed 8L'ViDg kn the Gcner¥l Fund. that is to al lea £39250 (£35,138 2021). Reservts Pollcy A review of the reserves policy aDd risk registcr w&s UDdertaken during the year whi¢b resulted in no chatt8e. An unreslricied General Fvnd reserve of £25.0(M). approximately 3 months of over7 expendiw on everyday activities, 18 needed a5 a contiiigency again8t unfore3e¢n Sitt10. On 31 De¢cmbu 2021 the ba1iCe w'as £53 J28. A tothl of £28,639 was held in lh¢ Utrted and Restricwl Fabric FuThL8 at the year-cnd. Our grade I Ir5ted church is due a quinqu¢nnial irt5r£ction tn 2022 and no thubt the money w411 be n¢&d kn carry Work arising from this. Thig Tnwte¢s' Annu Rewrtwas appn)ved by th¢ PCC and sigoed on their lthlfby Reveread David Murdocb. Page 5
INDEPENDElYt EXAMINER'S REPORT TO THE TRUSTEES OF Horsted Keynes Parocljial Church Council IRegistered Charity No. 1154482] I repot1 on the a¢¢ounts of Horsted Keyi)es PCC foT the year ended 31 st December 2021 which are set out on pages 7 to 14. Re8peetive responslbUltle8 of ¢Tustees and examiner Thc LhuTch's truste¢s ar¢ responsible for the preparation of the accounts. Thc church's trstets consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and thal an independent examination is needed. Having satisfied myself that the chuTch is eligible for independent exarninatioTh it is my responsibility 10 :_ ' ¢xAmine the accounts UJKler section 145 of the 2011 Act. to follow the pr(Kedures laid doHryJ in the general Directions given by the Charity Commissio under section 145{SXb) of the 2011 Act. and . to state wbethcr partscular matters bave come ro my aiientsoll. Bg4515 of Independent exfimlner's slalement My examination wL8 carrid oul in accordance with the 8eneral Directions giv¢n by ihe Charity Commission. An examination includes a vieW of the a¢couniing record5 kept by the charity and a comparison of the accounts presented with Ih05e recoriLs. It also includes ¢onsid¢ration of any unusual items or disLlosures in the accounts. and seekillg explanations from you 81* tnts'5 wn¢erning any Such matters. The procedures undertakcn do not provide all th¢ evidence ihat would be required in an audil and consequently no opinion is given ay to whether the accounis PEeseDt a'true and fair %ievl and the report is limited to th0 matters Set out in the Ststeml below. Independent exAmlner'g gtA¢ement In connection with my examinatso material matters have come lo my atlention which give mc cause to beli¥ve that in. any material respect.. • accounting records wcrc not kept in ordance with 6¢dion 130 of the 2011 ACL or • the accounts do nol accord with the accounting recor or the accounts did not comply with the applicable requirements concerning the fomi alld cotttent of accounts set out in the Charities (Accounts and Re[s) Regulatio$ 2008 oiher than any requirement that the accounts give a 'tTue and fair, view which is not a matter considered as pan of an independent examiDatio I have come across no other mati¢Tr in nnectioll with the examination to which attention sbould be drawn in order to enable a propcr understanding of the accounts be reache Signed by :" Mr A Peel C.m&8 ThE Hermitage, Church Lane IIoT5ted Keynes Haywards Heath RH17 7AY Signature..
HORSTED KEYNES PAROCHIAL CHifRCH COUNCIL sTATEMEr OF FINANCIAL ACTIVTftES For the Year ended 31st December 2021 UllrtstriC Restriaed Funds FuThts 2021 2020 Note Incomt and endoTJiments from: Donations and legacies C.haritAhle aciivities Other trading a¢tiviii&s Tnvesknnents Orher 2(a> 21b1 2{¢) 2(d) 21c) 57.336 5.617 10.066 1,696 30,348 87,684 122.962 5,617 3,422 11,876 7.288 2,203 2,174 13.090 1.810 TOI'AL 74.715 32.665 107.-180 148.936 Elpendlture on: Rai5in8 nd Charitable activities 157 32.333 I,OS7 112.900 161,081 79.594 973 TOTAI, 0.494 32.490 973 113 957 161 117 Nel gainsl(10gsesl on tnvestm¢nrs 7.104 2.888 ,577 11,569 10.584 NLT INCOMEI{EXPE14DITUR&) lJ25 3.U63 4,992 (1.5971 rramfers betwcen fiuKIs NET M()VFMENT IN FVNDS 1,325 3,063 604 4,992 (1,597) Re¢oncllltlott of Fundi Fund Balances brou8hi fonbrd at 161 January 2021 68.748 34J06 82.307 185,421 187,018 BALANCF.S CAIUiIED FORWARD AT 31st DECEhlBER 2021 70,073 37.369 82,971 190,413 185,421 Pa¥e 7
HORSTED KEYNES PAROCHIAL CHURCH COUNCIL BALANCE SHEET AS AT 31st DECEMBER 2021 2021 ?020 Note FIXV.D ASSY.'rs Ta[J1b1e red assets Inve5tmeni ass¢is 72,706 84.335 73,679 72.766 CL'RRFNT ASSETS Debrors Short tim deposits Cosh al bank and in hathd 2J32 15579 17.¥63 35.974 1.772 15,413 42,038 59,223 LIABILrES. AMOUNTS FALLING DbE WITIIIN ONE YEAR 10 20,247 NET CURRENT A&SETS 33.372 IX,976 TOTAI. ASSETS LLSS CURRF.YT LIABII.ITIF 190.413 185,421 NET ASSETS 190.413 185.421 FUNDS Unre%triLted Restncted Endowirn1 70.073 37.369 82.971 68,748 34.306 82.367 12 TOTAL CHARITY FUNDS 190.413 185.421 This FiJ)ancial Report for the year ended 31# DKernber 2021. includmg the r4)*5 followin& w&% approved by the Parochial Church Council on . . 2022 atml signed on its behalf by :_ RewefvdDuirfdMurdo¢h (Ch8trnwi) ITtt&8urerl The Doles orl pa8e5 9 to 14 form part of these accoun Pw8
HORSTED KEYNES PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS For the Year ended 3Asl December 2021 ACCOUNTINC. POLICIES l(a) B19 of PT¢p•r4tlo The PCC is a PblIC benefit eDtiry witkn'n the tsJcallLDg uf FBSI¢Y2. Tr fiDancial ststernry have b¢ prtpared undeT thL' C.haritiLs rlLI 2011 and the Churth ALcountiog RationS 20(, in accordance with applicable aLcountin¥ stlardS &Dd the Current 8t2tem¢Dt of Re£0m[nejed Prncttce, Accouniin8 8rl Reportmg by Cbariti¢s, (SORP (FRS 1021). The financi81 stanet5 have been prepored un(kr the lllstorical cost convention as mlfied by the inclusion of investrnents ai rnarkei valuc. The financial in¢lude all the transaetsons. assets and liabilTtics for which thc PCC 15 r&sponsiblc in lau.. They do noi iTKlude ihe aeeounts of church wTrups that owc thet"i alriliation to another body. nor th08¢ which 8re it)formai Batherin8s of chwch mth. l(b) Fund5 Funds held by the PLf aT¢ :_ UnreYiriciedfvnd$ - 8eneTrl funth that can be used for PCC ordinary purpos. D¢signoiedfunds . monies set •side by ihe PCC out of Unrestr fv]3 for SPlf1¢ purw8¢8 or projects. R£itri¢i¢dffiinaY - (a) income from or endowwts tha¢ maybe eXded only on those restricted objeets providcd in the t¢Tms ofthe tr1 or bequcsl. and (b) dollations or grants r¢¢¢ived for & specific object or invited by ihe PCC for a specifi¢ obJe¢t. The funds may only be expended ¢)n the $pecifi¢ object for Trhtii¢h they wcr¢ gii'en. Any balan¢¢ retMinin8 unspent at iho end of ea¢h year mttst b¢ urried forward gs a bal#DC¢ on that fill. Tbe PCC does not usually irtvest separaly for each futsd. funds capithl of which bt mAinlainrt' only inwme Irising from investrn¢nt of the ¢ndowment rnay be either &$ restricted or unrestricted ful dependin8 upon the purpose for ithLch tk ¢ndowmetti w&s estsblished. Tbe PCC may hav¢ the power to convert certain endowirkol fulS itilo expendable itscome. su¢h hjfyjs are known as expendoble Tn¢omt Enduwmth All incorrf atjd cndowmenis, acc()unied for Trithoui deduction for any costs of rcceii'ability. are reco5 when th¢rL ¢vide¥ of enti¢T[nI, Teceipt is prvb8bl4 and thc amount can be nX&5ur reliably. Ildl Dollatlolls aDd Legicles Collec'fions arv Icco¥ni5cd wh¢n rKeivcd. PlonnL1d"Vin8 receivoble is rt¢ogNsed TwAn tlwe is evidcncc of entitle( receipt is probable. and ibe allU ¢ord8 wth ihe Gift Ajd deLlaratson or other rewrd of inienhoTL w donate. Gift old recovered 15 rtcognised whell tbe iome io •Ath"ch it is attaehed is Txogmsed. Grnnts and legacies are reeo8Tri.4¢d when the fornwl offer in WTityng of the fiLndin8. Ts Teceived by the PCC. 11¢) Ch&rlt8ble A¢lfvldty TrndlDg Actfvldes d all Oiher Income statsitnry.lees for weddiogs and futternls are reco8mseJ the offjce occurs. Tmding oLliviiies are where tr0e 1$ rtt¢ivable iti return for selling 8otyJs or provkdin8 services Attd is reco8llL'sed 4]eD received. IID Inve5trnent Income Diwdends are aceounted for when and payabl& Intl cntitlenKnts are ac£ouTrtcd foT as thcy a¢¢n. Ilgl Gaini •nd Loses OD InveJtDWtht8 Reali5ed gains are recogoised when investnynts are ld. Unrealised gaitt8 alld losses ate K¢OUD*d for on rn'8luation at 31st December. Pe9
HORSTED KEYNES PAROCHIAL CHURCH COUNCIL NOTES TO THE FTh ANCIAL STATEMENTS (Continued) For the Year ended 31si December 2021 Ioi) Expenditre Expenditure is reco8Di8td when thete is evidence of entillemenL paynth is pn)babie. and allUt call be measured reliably. Grnts Grants and donations are accounted for paid oiw. or when avrnTded where the award creaies a binding obligation on the PCC. l(i) Charltsbk Actlvltl Th¢ th'ocesan patish contribution 1$ aLted for on allnuai ba8i& refltIng allo¢wion Set by our D¢onery. Any parish Lontribuuon UDpaid ai 3181 D¢mber is pmvided for in &counlS as aD operational {though not a legal} liability and is shown as a creditor w th¢ balanc¢ $IL l(k) Flxed Asse1$ Tangiblejixed ajsels. Consecrated and beneficed property of any kmd 15 ¢x¢lud¢d from th¢ aOu by s.IIX2) of th¢ 0riticS Art 2011. Mov&ble church fi'ShingS held by the Priesi In C1wxe 8TrJ Cburchw•rdens on special for the PCC, Bnd which require a faculiy for disposDI. are xcOunl as inalirnable property unless consecrated. They ore listrd in the church's inv¢ntory which can be inSd but no¢ incIjed in the financial SleIents. For inalienable property acquircd prior to 201, there is insufficicnt C051 infornution available and therefore 5u¢h assets are not valu¢d in th¢ fJt)an¢iaJ Statents. Individual Itcms acquircd sitKe Isi Jolluory have bc¢ c¥pitali$¢d io the financial 5talcmcnt5 and deprecillted over their tfi11 economic life. All expcndiDJre incurred In the year on etsnxeeraled or beneflced bJildin8s. individual iierns e05tin8 under £5,000 or on ihc rcpHir of movable church furni"shJn8s a¢quired befor¢ 1st Jonuary 20(K) is writl¢D off. FT¢ehold land and building8 are valued ONn87 cost le&% provisioN6 for depreciati1. RenoN'aiion$ to fr¢¢hold buildin8J 4T¢ valwl at 0ri8inJl ¢(dt ley pn)visions for depr iation. D¢precl41ion Deprecsation 1$ ¢alLulated to WTite dowTr the cost of tsmgible fixed os5ets oirr their expected usefid lives. Tb¢ rates #eneralty applic8ble are :_ FTeehold land and buildu$ Rcnovatioms w frcrlK)Id buiidiTU8 IY• per anmlln on a rethjcmg balance b1 2•/• pcr annum on a rducing bulanc¢ basis. Invesrments . Invcstrnents valucd at hle at I 1st DMber. INCOME AND ENDOWMENTS Unre5tntd Rcstricted Ertdownem TOTAL Funds 2021 2020 2{a) Donations and legaciei Planned Collection& (open platt) Donations Gift aid tsx claimed Grants recejved l£gacies 35.138 5.586 3.430 4,596 1.380 8,909 2.001 13.462 39,734 6.966 12.339 12,321 15.324 1,000 87.684 40.581 6.006 51,155 22,604 2,fi16 1,862 57,336 30.348 122.962 2(b) Charitable activiti& Parochi Fee5 income 5,617 5.617 5.617 3,422 3,422 Pa 10
HORSTED KEIs PAROCHIAL CHURCH COUNCIL I%OTES TO THE FINANCtAL STATEMENTS (continued) For the Year ended 31$1 December 2021 21c) Other tradin8 aeii%Lties Fundraib]ng income Hall income 1.125 1.810 2.935 836 6.452 7,288 21d) IneStMen[S Dividend$ and iDterpst reeejved 10.066 1.810 11,876 1.696 1.696 507 507 2.203 2.203 2,174 2,174 21¢) Other- insurance clainlq 13.090 TOTAL 32,665 107.380 148,936 EXPENDITURE Unre5tnued Restrictcd Endowrnent TOTAL Furds Fund$ 2U21 FUIIDS 2020 3(al Raisiftg fvnds bundraisin8 cv2ts 157 157 1.057 (x)o -36 3(bl Charitable actiwties Lssionary aTMI ¢harithbl¢ giv7ng Ministry Costs '. Diocesan Parish Con¢rilUOth Oiher ministy costs Church rUT]n8 expenses Church & hall - Majnr repairs & fabrie ¢06ts Upk¢ep of %l¢¢S Youth work, Traini8 and mission Parish magazine Church h811 nJntiin8 ¢OSts Support tosts Admini%tra(iv¢ ¢0sts Depreciation 1.839 4.983 6.822 4.872 46,807 4,694 5.896 5.315 762 1,411 46,807 4,731 8,396 22,807 762 46,657 4.617 9,596 73,957 1,119 1,564 5,992 8,171 576 2,971 989 161081 37 2.5(M) 17,492 200 5.773 S89 063 96 5.773 9.171 1.414 3,633 973 8.582 751 3.537 973 TOTAL 32.490 973 113957 srAFb COSTS The PCC bad no qnployees dwin8 the year. INDEPF.NDENT EXAMtNATION FKES The IndepeTadeni Examiner has th)1 charged a fee for his wwk. ANALYSIS OF f4ET A&SLTS BY FUND Funds FutMIs TOTAL Fixelf assets Current a&%et5 Current liabilities 51.IKJ6 21,412 12.345) 23.064 14,562 1257) 82.971 157,041 35.974 (2.{2} Fwid Balances 70.073 37.369 ,971 190.413 Pa¥ell
HORSTED KEYNES PAROCHIAL CHURCH COUNCIL NOTES Tn THE FINANCIAL STATET*lENTS (¢ODtinued) For the Year ended 31st December 2021 FIXED ASSET INVESTMEiWfS Value ai lstJan inyj 110&scs) MaTket Valuc ai 3 Igt Dereniber Addilion5 Di5Frf)5als 2021 2021 Church of England CBf inv¢$trnent Fund .. 538 income shares (see below) Church of En8iaDd CBF Global Equity FUNI: 23417.6 ittcome shar¢5 11.021 1.577 12.598 61.745 9,992 71,737 72,766 84.335 Nok- the 538 sharts held specificlY for ibe Brid8eThMn Churchyard Trust Fund. TANGTBLE FIXED ASSKTS Freehold i&Dd •nd buildu Buildin8 T(xwauon$ TOTAI. At l si January 2021 Addi¢i¢)ns Disposals At 31st fkcember 2021 69.681 44.927 114.608 69,681 44.927 114.608 Depreciation '. Ai Isi January 2021 ChuTgc for the ycar Disposals At.Ilst Dernber 21Y21 19.697 499 21232 474 40.929 973 20.196 21.706 41.902 Net book amounts At 31st December 2021 49.4f¢5 23,221 72.706 Ai 31JlDecember2020 49.984 23.09J 73.679 The freehold land 8nd buildings comprise the Martuthle Cetttre. tbe legal of tvhi¢h is vested in the Chiohe5t¢r Th"w¢5an Fund and Board of FitwKe Ilncorporated) as Custodian T1¢¢ for the Horst Keynes PCC in accordance with the PTQViSiOnS of thc Panxhial Church C4)urKils IPow¢rs) M¢aJur¢. 1956. DEBTORS 2021 2020 RccovcTablc Cjift Aid Oth¢r sundry debtors 2,41)4 128 2.532 1,519 253 1.772 10 LIABILrriES: AMOUNTS FALLING DUE WITHtN ONE YEAR 2021 2020 Crn4itors for goods and 2,602 20.247 Page 12
HORSTED KEThlS PAROCHIAL CH17RCH COUNCIL NOTES TO THE F,NcIAL STATEMENTS (continued) For the Year ended 31st December 2021 11 UNRESTRICTED FIJNDS Balarv at 1st. Jalluary 2021 Movewts ill Resources Incoming Outgom8 Tra(er8 Gaitis Bal4D¢e 01 31st Decomber 2021 General Fund Designata Fabrie Fund 52,233 16.515 73.109 1,606 74,715 76.026 4,4611 4,012 3.092 7.104 53J28 16,745 70,073 12 RESTRICTED FL Movements in R¢sourc In1n8 Outgoin8 Tfer Balance at 3 1st Deeember 2021 JanLWy 2021 Building RepaiTS ynd Fabric Fund Ch?riiable Colle¢iions Fund Faith in Actitsn Fund P&P m2blIne Fut)d {1) MArtindal¢ (xntre IoMe Fund (li) Building Appeal- 2004 Fwid liti} Restrictcd Gifts Fund FrieJJds of HoT5ted Keylles Ctrlurch (Iv) Re8triited Martindal¢ Lentre RerbIShrnenr Fund Iv) 81 C¥iles Nomh AreX Appeal Futsd (Tri) 578 12.526 3.985 417 5,693 14.454 3.917 1.067 5.861 11.494 87 10,231 68 650 321 2,333 1,465 488 25.988 15.3 2,333 1.663 976 19,894 730 1.102 4.927 88 1.59) 7.614 (11.494) 2.713 182 1,869 2.301 34.306 432 32.490 32,665 2.888 (i) Tht P&P Maga7ifte Fund r¢¢eives donations aThJ grants specifLQ]ly for th¢ pl1L(ln of th¢ parish mabY/.irt¢. (li) The balAn¢e on the Martindale c.entr¢ Income Fund rePreSts the cosi of son* of the hisloncal buildiDg renovation$. (iii) Thi5 fund wa5 vpencd with donattons from Villa8e Apwl in 2(KH torrepalls to the fabn"c of the church. onlhly donations havc Contined to llow into the fund dn8 the year. (iv) This r>riettd fund launchcd in SLVtembrr 2011 specifically for th¢ m81nterJae of the fabric of Si. Giles C'.hyrch and cburchysTd in Hoed Keynes. (v} This fvnd was r£-one io 2019 to recei%r testricted itKoJne toM•rds (he cosi of r¢fiJtbishitsslup8radillg the heating System the Martindale Cetttre. Most of the Costs of refvrbi8htntyup8radin8 ihe beating systeill were charg¢d to th¢ fund in 2019, leaving a rnll balartt cary f¢)Tward. Ivil This appeal fvnd was opentd in Mah 2016 to fi]TKi th¢ plamiTng and constnthon of an annex to the north of the St Giles cburch btsildEnB. 13 ENDOWMENT FUNDS Balallcc at ISL January 2021 MovcTnents in Balancc at RcsouTttS Gain 31st December Incoming Outgoing Transfus (1<)&8¢s1 2021 C8pitsI Endowrrtt Fund 71.345 973 70,-472 Bridgeman Trust Churchyard Fund 11.022 82.367 1,577 12.599 82.971 973 Pa¥¢ 13
HORSTED KEYNES PAROCHtAL CHURCH COUNCIL 1¥40TES TO THE FINANCIAL STATETrTENTS (continued) For the Year ended 31st December 2021 14 PIUOR YEAR STATEMENf OF FINANCIAL ACTIVITIFS COMPARATII'E FIGURES FOR THIS YEAR STA TEMENT OF FINANCIAL ACTIVITIES For the Year ended 31st December 2020 Unrestricted Restricted Funds Funds Elldowment TOTAL 2020 No Income endowments frnm.. Dottations athd legleS Chariiable aclivities Other tradins a¢tivitics InvestTnents Other 2(a) 2(b) 2(c) 2(d) 2{¢) 59.488 3.422 6.602 1.676 12,290 63.474 122.962 3,422 7,288 686 498 8(X) 13.090 TOTAL 83.478 148,936 Expendlture on.. Raising fvnd$ CharitAble Activities 3{a) 3(b) 36 84.409 36 161.081 75.683 989 TOTAL 84.445 75,683 989 Ncl gainsl(10sses) on invesmientg 6.935 2.940 709 l U,584 NK'f iNC.C)NfE/(EXPEiYDrri.'RE) 5.9611 (7285) (2110) (1.397) TrAllsf¢rs between filnds NET MOVEMENT IN FUNDS 5.968 (72851 (280) (1,597) Reeonclll*tlon of Funds Fund Balan¢¢s broughi forward at 1st January 2020 62.780 41.591 82.647 187.018 BALANCES CARIUED FORWARD AT 31st DECEMBER 2020 68.748 82.367 185.421 Page 14