2021-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of St Peter Ash

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Information on the Church	and Council
Annual report of the PCC
Report ofthe Independent	Examiner
Statement ofFinancial Activities
Ialance Sheet
Notes forming part of the	Financial Statenwnts

The PCC is also	The PCC is also	the managing	the managing	the managing	trustee ofthe Parish Close Trust Fund, a registered	trustee ofthe Parish Close Trust Fund, a registered	trustee ofthe Parish Close Trust Fund, a registered	trustee ofthe Parish Close Trust Fund, a registered	charity created in 1976,This fund holds a
permanent	endowment			fund, irom which the capital and income are			available	to support the fabric and activities ofthe parish
church ofStPeters, Ash.
Membership
Members ofthe		PCC are either ex officio			or elected by the	annual	pamchial	church meeting	in accordance with the Church
Representational		Rules.
During the	year	to 31December 2021,the			following served	as members ofthe		PCC:
incumbent:
					The Reverend Keith Bristow - Chair
					Thc Reverend Carol Monk - Quate
					Mr PRose - Churchwarden and Vice Chair
Readers:
%ardens:
Representatives			on the Deanery Synod:
					Mrs CHirst
					Mrs STaylor
PCC Secretary
					Ms LTaUon
PC+Treasurer
					Mrs STaylor
Klected members			and	years served:
					Mrs 1Hurst
					Mrs RBond
					Mrs CHurcornbe	(resigned 24N4/2021)
					Mrs 8Rose
					Mrs V Crow
					Mr C gfnkns
					Mr H Chuens
					Mrs EStokes

			2021	2020	l(&ventent
Ctross income (other	than grants)		72,251	71,447	804
Expenditure for year	(excluding fabric/maintenance	ofthe Church
aud the StPeter's Centre)			(111,019)	(9I,731)	(19$,88)
Operating surplus i(deficit)			(38,768)	~(20,284	~((8,484
Grants trom trust funds and diocese
Parish Close			20,220	20,220	0
Heathcote Trust			11,000	IO,OOO	1,000
100Club/Fabric fund			5,000
			36,220	30,220
Bnpe44ait444e on Zebtio/ 888eittte44enoo ortho Ch348oh		e38d
the Stpeter's Centre			{20,946)	{I4,840)
Net grants supporting	operating costs		15274	15,380	(5,106)
Net surplus/(deficit)	for the year			(4,903)	~18,392)

			UIBvstnc ted	Restricted	Total	Total
		@ore	Funds	Funds	Funds2'	Funds 2N//
Incoming resources
Donors				2,535	41,130	32,838
Other voluntary resources				36,220	36„220	30,220
Other voluntary resources	- Fabric Fund		59		59	30
Income from fees and ancillary trading			28,660		28,660	29„429
Interest and dividend income			278		278	271
Other income			2,124		2,124	3,880
Grants and donations						5,000
					108,471
Ontgonlg I'esoul'ces:
Activities relating to the work ofthe church Fund raising and publicity costs			89,198 20	28,056 3,300	117/54 3,320	95,502 437
Church management and	administration		11,392		11,392	10,631
			100,610	31,356	131,966	106,570
Wet lnconlhlg/(outgoing)	resources and net
movement in funds for the year			{30,894)
Transfers between funds
Funds transferred			32,023	(32,023}
Surplus/(Deficit) for the	year			(24,624)	(23,495)	(4,903)
Funds at beginning of'year				74,288	89,130
Funds at end ofyear			15,971

Notes forming part ofthe Financial Statements for the Year Ended	31December 2021
Accounting policies
Basis ofpreparation and assessment ofgoing concern
The financial statements are prepared under the historical cost convention; gad in accordance with the Church Accouuting Regulations,
apphoahlo aoooutttittg standards and the statement of rooommoudott practice: Aocounting	attest ropottmg by Charitios preparin				their
accounts in accordance with the Fmanriai Reporting Standard applicable in the UK and Republic of Ireland			(FRS 102) effective I
January 2015 and the Financial Reporting Standard applicable in the United Kingdom	and Republic of Ireland (FRS 102) and the
Charities Act2011.
The trust constitutes apublic benefit entity as defined by PRS 102,
Thc trustees consider that there are ao material uncertainties about the Trust's abihty to continue as a going concern.
All transactions, assets aad liabilities for which the PCC is responsible are included in the	financial statements.	They do ant include the
accounts ofchurch groups that owe their affiliation to another body nor those that relate to informal gatherings of			church members.
Reconciliation with previous Generally A.eeepted A.ccounting practice
In preparing the accounts, the trustees have considered whether in applying the accounting policies required			by PRS 102 and the
Charities SORP FRS102arestatement ofcomparative items was needed, No restatcmcats	were required.
INcainerecagin lMon
Voluntary income and capital resources
Collecnons are recogmsed in.the accounts when received by or on behalf ofthe PCC. Planned giving receivable			under deed ofcovenant
or grant aid isrecognised only when received. Tax recoverable on such covenants and gift	aid conhtbutions received is recognised			in the
same accounting period. Grants and legacies to the PCC are accounted for as soon as the	PCC is noti6ed ofits		legal entitlement	to the
amounts due. Funds raised by fetes, garden parties and shnilar events aic included in the accounts as gross		income with the related
expenses shown separately.
Other ordinary income
Rental income trom the letting ofthe StPeters Centre is recognised when received. Parochial fees for weddings,		funerals and others			are
accounted for on an event by event basis.
Income from bank deposits
Interest is accounted for when receivable. Any income tax recoverable on such income is recognised inthc same		accounting period.
E~endiha ereeoggiiiag
Grants and donations
&ants and donations are accounted for when paid orwhen awarded, ifsuch awards create	abindiag obligation on the PCC.
Activities relating to the work ofthe church
Thc diocesan quota or parish share is accoua1ed for when payable. Any quota unpaid	at the ead ofthe year		is provided for	in the
accounts as an operational (though not a legal) liability.
Tangible fixed assets and iItyesintettrs
Consecrated lead and buildings, aad moveable church furnishings
Consecrated land and bencficed property are excluded I'rom the accounts nader S96(2)(a)ofthe Charities Act		1993 No value is placed
on moveaMc church furnishings held hy the churchwardens on special trust for the PCC and whisk requires a faculty for disposal					since
the PCC considers this to he hra1ieoahle yroyerty. 411 exyeoditore iacorred to the year on consecrated or		hcoegccd hcadhres			aad
movoahie church futuishiugs, whether for maintenance or improvement, is written offas incurred.
Equipmcat held aad used within thc church premises are capitaliscd aad valued at histocical cost. Dcpreciauoa			is charged on a stiaiglit
linc basis over their estimated useful life of four years. Individual items of equipment	with a purchase price of 61,000 or less are
expensed when purchased.

		StPeters, Ash Parochial Church Council	StPeters, Ash Parochial Church Council	StPeters, Ash Parochial Church Council
Notes formmg		part ofthe Financial Statements for the Year Ended 31December			2021
			Unrestricted	Restricted	2021	2020
Planned glvltlg Restricted income			34,323		34,323 2,i35 4,270	24,693 190 7,954
Uncovenanted giving			38,595	2,535		32,838
			Unrestricted	Restricted	2021	2020
Other voluntary resources Heathcote Trust				11,000 20,220	10,000 20,220	10,000 20,220
Grant &om Parish Close Trust Grant &om 100Club/Fabric Fund				5,000	5,000 59	30
Other			59	36,220	36,279	30,250
Other -Fabric Fund/Spire	Appeal			36,220	36,279	30,2SO
Income from fees and ancisary trading			Unrestricted		2021	2020
Bookand magazine contributions Sales of Calendar Fees			51 350 1,634		51 350 1,634	873 195 1,665 115
Fees in advance Rent -Church hall Rent - Grange Farm Road			11,625 15,000		11,625 15,000	11,581 15,000
Interest			Unrestricted		2021	2020 f.
			278		278	271
Bankinterest
			Unrestricted	Restricted		2020
6 Other income						510
VAT Reclaimed on repairs			538		538	283
Furlough Recovery CIRS Summer and Christmas fetes			1,586		1,586
Sundry other income					2,124
			Unrestricted	Restricted
7 Grants and donations
Charities						5„000
Others						5„000

	Not	es forming part ofthe Financial S	es forming part ofthe Financial S	tatements for the Year	Ended 31Decem	ber 2021
8	Activities relating	to the work ofthe church			Restllcted	202/
	Light, heat and cleaning			11,263		11,263	9373
	Insurance			4,879		4,879	4,017
	Upkeep ofservices			1,324		1,324	1444
	Organist's salary						40
	Youth management			20		20	38
	Flowers			88		88	384
	Dloccsan quota			69,467		69,467	64,920
	Banlr Charges			15		15	15
	Outreach			260		260	432
	Planning Toilet AppHcation					8,992
	Fabric/maintenance:
	-Church					7,836	4,678
	-Parish haB					9,065	7„250
	-Grange Farm Road					4,045	2,912
	Ol'gan Icpalrs
9	Fund raising and	publicity costs		Unrestricted
	Parish magazine and bookstall
	Summer and Christmas		fetes
	Social events/160	Club			3,300	3„320
				20		3,320
10	Church management		and administration		Restricted		2020
	Administration salaries			4,732		4.732	4„550
	Printing, stationery	and	office costs	4,193		4,193	3„436
	Accountancy			"/80		"/80	780
	Examiner's fee
	Sundry expenses			40		40
	Depreciation:
	OffIceHguipmcnt
	FrCCbold Builds Kitchen Equiptnent			259
						11392	10,631

Notes forming yurt ofthe Financial Statements Tangible fixedassets	for the Year Ended 319ece	mber 2021
	Freehold
	land and	Office
	buildings	equipment
Valuation brought forward at 1 January 2021
Cost at 1 January 2021 Additions at cost		8,876	95,845
At 31December 2021
Depreciation
At 1 January 2021 Charge foryear	37,000 1,000	6,534 647	43,534 1,647
At 31December 2021	38,000	/,181
Net book value at31December 2021		1,695	50,664
Net book value at31December 2020			52,311

12	Debtors
				2021	2020
	Income tax recoverable (covenants) Other debtors			752 1,000~	1,536
				1,752	1,536
13	Cash at bank and in	hand		202J	2020
	National Westminster Bank Barclays Bank Plc Fabric Fund 100Club Other accounts and cash Churchwardens fioat			4,451 6,633 695 4,134	11,084 16,517 3,995 4,239
	Cash in hand				226
				32	32
14	Creditors —amounts	failing due within one year'
	Accrued expense - accountancy Accrued expenses —exammer's		fee	26{) 550
	Deferred mcomc			1,920
					810

Creditors —amounts failing due within one year'	Creditors —amounts failing due within one year'	Creditors —amounts failing due within one year'	Creditors —amounts failing due within one year'
Accrued	expense	- accountancy
Accrued	expenses	—exammer's	fee
Deferred	mcomc

			Incoming	Resources	Transfers	At end
			resources	used		ofyear
itfa37etnents	tnyear
Unrestricted	Funds
Designated funds
Tats n Toast		10				10
Bellringers	Association	3,155		(80)		3,075
Flower Guild		1„074	140	(164)		1,050
			140
Genera/ purposes fund		10,604	69,576	100,366	32,023	11,836
		14,842	69,716	100,610
Restricted Funds
General Fabric Fund		49,805 24,483 78,288	38,755 38,755	(31,3563 ~(3I,356	(8,235) ~23,788j ~32,823j	48,969 695
Attalysis ofnet assets between funds
				Cash
			Tangible	deposits/	Liabilities	Total
			assets	Debtors
Umestricted	funds - Designated			4,134		4,134
Unrestricted	fund - General purposes		1,695	12,871	(2,7303	11,836
Restricted fund - General			48,969			48,969
Restricted. fund - Fabric Fund						695
				17,701	(2,730)