## **PARISH OF BIBURY with WINSON and BARNSLEY** **Annual Report & Financial Statement of the Parochial Church Council** For the ear ended 31 December 2020 y ## **Incumbent** The Reverend Tim Hastie-Smith The Vicarage Bibury Cirencester Gloucestershire **Bank:** National Westminster Bank Plc 32 Market Place Cirencester Gloucestershire **Independent Examiner:** Mr A Sellars Wenmans House Barnsley Gloucestershire Parish of Bibury with Winson and Barnsley PCC Annual Report for Year 2020 Page 1 of 15 **PARISH OF BIBURY WITH WINSON AND BARNSLEY ANNUAL REPORT FOR 2020** ## **Legal and Administrative** Legal and administrative information, including details of the Parochial Church Council (PCC) members who served during the year, is shown on page 4. ## **Aims and Organization** The main purpose of the PCC is defined in the Parochial Church Councils (Powers) Measure 1956 as “to co-operate with the minister in promoting in the parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical.” The PCC also has responsibility for the maintenance of the churches of St Mary the Virgin, Bibury, St Michael and All Angels, Winson and St Mary the Virgin, Barnsley. We are now the Parish of Bibury with Winson and Barnsley. The PCC met 4 times during the year. Between these meetings business was transacted by the Treasurers and Churchwardens. At the Annual Parochial Church Meeting hald 25[th] October 2020, the electoral roll stood at 152 members. The Church’s Mission in the community: - To worship God in response to his love revealed to us in Jesus Christ - To proclaim the gospel - To present the challenge of God’s kingdom - To celebrate with those who rejoice and to weep with those who suffer ## _-_ _**Maintenance at Bibury**_ - a) Clock serviced - b) Graveyard Survey ## _**Maintenance at Winson**_ ## _**Maintenance at Barnsley**_ ## **a)** ## _**Deanery Synod**_ – The Vicar, John Phillips and Jackie Colburn represented us . There have been important recent discussions about the Deanery Review and the OneLife project. _**Ecumenical links**_ –We continue to work closely with Arlington Baptist church providing ‘pop up lunches and teas and working together on a number of services. _**Lay Leaders –**_ We continue to benefit from the very active service of our accredited lay worship leaders as well as for other regular leaders of intercessions. Parish of Bibury with Winson and Barnsley PCC Annual Report for Year 2020 Page 2 of 15 ## _**Bibury Primary Church of England School –**_ The school continues to flourish under its Head Teacher, Mrs Suki Pascoe, who is also Executive Head of North Cerney – this position will continue for another year and was reviewed in December 2020. The school is part of DGAT (Diocese of Gloucester Academies Trust) and has academy status. The monitoring of standards, advice and encouragement from DGAT is invaluable. Tim Hastie-Smith is a Foundation Governor and regularly leads worship. He has kept in close contact with the school throughout the various lockdowns this past year. Jackie Colburn, also a Foundation and Safeguarding Governor, sits on the Standards and Performance (incorporating Ethos) Committee. The proposed 2020 SIAMS inspection did not take place due to Covid but will be re-scheduled as soon as possible. This has been an incredibly challenging year, but the school has remained open throughout for children of front-line workers and special needs children. The staff have worked tirelessly to ensure online learning has delivered education in line with curriculum requirements. Some children have obviously worked hard but it is noticeable that many others have fallen behind with their home learning during the Covid lockdowns. Tablets and laptops have been provided to all children who needed them, but it has proved a challenge in households where perhaps both parents have been working from home at the same time that their children have been online learning. There are robust plans in place for ‘catching up’ once out of lockdown. The children have hardly been into church since 20 March when there was a Mothering Sunday school service, followed by collections of posies and chocolates from an ‘outdoor’ socially distanced (!) table for the children to take back to their Mums. The church was used for the children to film their Nativity play in December. School Governors’ meetings, Governors’ Committee meetings and governance training sessions (particularly Safeguarding, Monitoring and Assessment) have all continued via Zoom in line with a normal year. ## _**Occasional Services**_ – The registers for St Mary’s, Bibury and St Michael’s,Winson reveal the following for the year 1[st] January 2020 to 31[st] December 2020: 5 Weddings, 5 Funerals, 6 baptisms The registers for St Mary’s Barnsley reveal the following for the year 1[st] January 2020 to 31[st] December 2020: 1 Wedding, 1 Funerals. Parish of Bibury with Winson and Barnsley PCC Annual Report for Year 2020 Page 3 of 15 **Legal and Administrative Information** **Name:** Parochial Church Council, Bibury with Winson and Barnsley **Location:** St Mary’s, Bibury, is located next to Bibury Court; St Michael’s is in the centre of Winson; St Mary’s, Barnsley, is in the centre of Barnsley. **Members:** Members who served during the year were: #Rev T Hastie-Smith Chairman, _Incumbent_ #Mrs J Colburn _Churchwarden & School Foundation Governor, Diocesan & Deanery Synod Representative, Nominated Safeguarding Person Parish Safeguarding Officer (PSO)_ #Mrs Lavinia Sidgwick _Churchwarden_ #Mrs Elizabeth Gledhill _Churchwarden #_ Mrs A Haigh _Secretary_ #Mr N Spurrier _Lay_ C _hairman #_ Mr T Arnold _Treasurer (Bibury with Winson)_ #Mr C Cannock _Treasurer (Barnsley)_ Mr J Phillips _Deanery Synod_ Mrs A Alderton _Village Hall Representative_ Mrs D Kinder Mrs V Smith _Wedding Co-ordinator_ Mrs J Sacchi Mrs J Hastie-Smith Mr Tim Christie # = Standing Committee **Standing Committee:** This comprises The Vicar, Chairman & Lay Chairman, Secretary, Treasurers & Churchwardens. **PCC Appointments:** Assistant Treasurer: Mrs Joanne Hastie-Smith Deanery Synod Representatives: Mr J Phillips Village Hall Representative: Mrs A Alderton Electoral Roll Officer: Rev T Hastie-Smith & Mrs A Haigh Mrs E Gledhill Health & Safety Mr J Phillips Safeguarding: Mrs J Colburn Trustees for Church Lands Charity: Vicar & Churchwardens. Auditor or Independent Examiner: Adrian Sellars **Status:** The PCC is a charity and is registered with the Charity Commission - Charity Number 1185185. Parish of Bibury with Winson and Barnsley PCC Annual Report for Year 2020 Page 4 of 15 PARISH OF BIBURY with WINSON and BARNSLEY ## **Annual Financial Statement of the Parochial Church Council** For the year ended 31 December 2020 ## **Incumbent** The Reverend Tim Hastie-Smith The Vicarage Bibury Cirencester Gloucestershire **Bank:** National Westminster Bank Plc 32 Market Place Cirencester Gloucestershire **Independent Examiner:** Mr A Sellars Wenmans House Barnsley Cirencester Gloucestershire Parish of Bibury with Winson and Barnsley PCC Annual Report for Year 2020 Page 5 of 15 ## **Financial Activities and Affairs** 1. Income from the bookstalls in Bibury, Winson and Barnsley churches cannot be separated from visitor donations in each wall box as they are unmanned. 2. The policy of the PCC is to reimburse the Vicar’s expenses in full. Expenses cover travelling, telephone, stationery, postage, entertaining and some gardening assistance. 3. The PCC reimburses a proportion of the utility costs of the vicarage. 4. Grants made in 2020 including specified service collections amounted to £10,300 5. Income exceeded Expenditure by £8,212. 6. The Bibury loan of £25,000 to Barnsley, of which £12,500 was outstanding at the beginning of the year, has been repaid. It does not form part of the Receipts & Payments account as it is effectively an “inter-parish” loan. ## **Accounting policies** a) The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 using the Receipts & Payments basis. b) Valuation of investment assets are shown at market value on 31[st] December 2020. c) General funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for the general purposes of the PCC. d) The accounts include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body, nor those that are informal gatherings of Church members. e) Fixed Assets. Consecrated property is excluded from the Accounts by the relevant Charities Act. No value is placed on movable church furnishings held by the Churchwardens on trust for the PCC and which require a faculty for disposal. All expenditure incurred during the year on consecrated buildings and moveable church furniture is written off in this Annual Financial Statement and separately disclosed. f) Short term deposits include cash held on deposit either with the CCLA (CBF and COIF) funds or with National Westminster Bank and Lloyds Bank. h) The Receipts and Payments Account exclude internal transfers between bank accounts and deposit accounts. Parish of Bibury with Winson and Barnsley PCC Annual Report for Year 2020 Page 6 of 15 ## Bibury with Winson and Barnsley PCC's Receipts & Payments Account _for the year ended 31 December 2020_ **----- Start of picture text -----**
2020 2019
Incoming resources £ £ £ £ £
Voluntary income:
Planned giving 52,053 - - 52,053 50,879
Collections, donations & other giving 11,039 24,510 - 35,549 41,005
Income tax recovered 8,364 - - 8,364 10,081
Legacies - - - - 10,000
Activities for generating funds
Magazine/Bookstall sales/Hall Lettings etc 2,802 - - 2,802 5,817
Income from other Properties 1,953 - - 1,953 1,951
Annual Fete/events - 1,149 16,770 17,919 5,936
Investment income:
Interest & dividends 6,740 - 1,386 8,126 8,503
Income from charitable activities:
Parochial fees 2,760 - - 2,760 3,953
Other incoming resources:
Insurance claims - - - - -
Gain on disposal of fixed assets - - - - -
Loans received 3,000 - - 3,000 -
Other 11,217 - 8,848 20,065 24,553
Total incoming resources 99,928 25,659 27,004 152,591 162,678
Resources expended
Charitable activities:
Donations/Grants to charities (10,300) - - (10,300) (10,536)
-
Mission & Evangelism (2,676) (32,204) (34,880) (14,315)
Parish Share (26,767) - - (26,767) (26,650)
- -
Clergy expenses (10,379) (10,379) (10,775)
- -
Church running expenses (19,976) (19,976) (22,832)
- -
Churchyard maintenance (10,819) (10,819) (8,359)
Cost of raising funds (383) (450) (5,533) (6,366) (4,270)
Running costs:
Support costs - - - - -
- -
Administration costs (inc. staff costs) (65) (65) (2,464)
Other (4,894) - - (4,894) (5,297)
Governance costs - - - - -
Major expenditure
-
Repairs to church buildings (7,924) (9,009) (16,933) (99,386)
Repairs to other property - - - - -
Capital purchases/additions - - - - -
- - -
Loan repayments (3,000) (3,000)
Total resources expended (97,183) (32,654) (14,542) (144,379) (204,884)
Net (outgoing)/ incoming resources 2,745 (6,995) 12,462 8,212 (42,206)
Transfers between funds (75) - 75 - -
Net incoming/(outgoing) resources before gains 2,670 (6,995) 12,537 8,212 (42,206)
Gains on investment assets 20,089 - 91,292 111,381 209,779
Net movement in funds 22,759 (6,995) 103,829 119,593 167,573
Funds brought forward at 1 Jan 2020 297,693 (14,200) 998,200 1,281,693 1,114,120
Funds carried forward at 31 Dec 2020 320,452 (21,195) 1,102,029 1,401,286 1,281,693
General fund Designated fund Restricted fund
Notes
**----- End of picture text -----**
_*produced using the Diocesan Cashbook v5_ Parish of Bibury with Winson and Barnsley PCC Annual Report for Year 2020 Page 7 of 15 ## **Assets and Liabilities** ||**2020**|2019| |---|---|---| ||£|£| |**MONETARY ASSETS**||| |_Cash in hand at Bank_|**54,007**|38,998| |_Uncleared cheques_|**(7,631)**|(6,774)| |_CBF Deposit Accounts_|**53,626**|55,863| ||**100,002**|88,087| |**INVESTMENT ASSETS**||| |_CCLA invested funds_|**1,293,650**|1,182,687| |**OTHER ASSETS ***||| |_Freehold Land_|**103,000**|103,000| |**TOTAL ASSETS**|**1,496,652**|1,373,774| |**LIABILITIES**||| |_None_|**-**|-| * Not included in the R&P report. ## **Grants & Designated Collections** |**£**
Signpost
1,300
Royal British Legion
725
Bibury School
325
Hope for Tomorrow
500
CHYP
500
Talland RDA
500
Barn Theatre Project
500
Scrubditch Care Farm
500
Scripture Union (Africa)
1,000
Gloucestershire Night Stop
500
Friends of Paternoster School
500
Village Life Magazine
400
Bibury Village Hall
500
Longfield Hospice Care
500
Friends of Fairford Hospital
500
Glos Historic Churches
550
Nelson Trust
500
Interclimate Trust
500|**£**
Signpost
1,300
Royal British Legion
725
Bibury School
325
Hope for Tomorrow
500
CHYP
500
Talland RDA
500
Barn Theatre Project
500
Scrubditch Care Farm
500
Scripture Union (Africa)
1,000
Gloucestershire Night Stop
500
Friends of Paternoster School
500
Village Life Magazine
400
Bibury Village Hall
500
Longfield Hospice Care
500
Friends of Fairford Hospital
500
Glos Historic Churches
550
Nelson Trust
500
Interclimate Trust
500|| |---|---|---| |||| |||| |||| |||| |||| |||| |||| |||| |||| |||| |||| |||| |||| |||| |||| |||| |||| |||| |**10,300**||£10,536| |||in 2019| Parish of Bibury with Winson and Barnsley PCC Annual Report for Year 2020 Page 8 of 15 ## **Bibury with Winson and Barnsley** |**_Accounts List_**
**2020**2019
**Income**|**_Accounts List_**
**2020**2019
**Income**|**_Accounts List_**
**2020**2019
**Income**|**_Accounts List_**
**2020**2019
**Income**| |---|---|---|---| |01|Tax efficientplannedgiving|17,052.69|14,948.68| |02|Otherplannedgiving|35,000.00|35,930.00| |03|Other collections at services|7,745.46|18,945.98| |04|Other Giving& Donations - Recurring|1,313.00|903.00| |05|Other Giving& Donations - Non-Recurring|26,490.98|21,155.79| |06|Special Appeals|-|-| |07|All tax recovered through Gift Aid|8,364.19|10,080.80| |08|Legacies received|-|10,000.00| |09|RecurringGrants|-|-| |10|Non-RecurringGrants|-|-| |11|Fund RaisingEvents|17,918.71|5,936.37| |12|Dividends & Interest|8,126.59|8,503.00| |13|Income from Properties|1,952.94|1,951.00| |14|Total Parochial Fees Income|4,437.00|6,043.00| |15|Bookstall,Magazine etc|2,802.11|5,816.86| |16|Hall Lettings|-|-| |17|Income from other Church Activities|-|| |18|Insurance Claims|-|-| |19|Reimbursement of costs byother Parishes|-|-| |20|Sale of Fixed Assets|-|-| |21|Service Fee Reimbursement byDBF|-|-| |22|Other Income|20,065.57|24,552.64| |**Total Income**
**151,269.24**
**164,767.12**|||| |**Expenditure**|||| |30|Fund RaisingCosts|(6,057.55)|(3,558.98)| |31|Donations/Grants to Charities & Mission Giving|(10,300.00)|(10,536.00)| |32|Parish Share|(26,767.00)|(26,650.00)| |33|Salaries & Wages|-|-| |34|ClergyExpenses|(8,785.49)|(9,239.85)| |35|Other Expenses|-|-| |36|ClergyHousingcosts|(1,593.82)|(1,535.36)| |37|Local Mission and Evangelism Projects|(32,203.80)|(11,148.00)| |38|Children/Youth Work costs|(2,676.00)|(3,166.99)| |39|Insurance costs|(4,893.98)|(4,856.74)| |40|Cleaningcosts|(1,380.00)|(1,629.50)| |41|Minor Repairs/Routine Maintenance|(2,880.32)|(1,814.41)| |42|Administration costs|(65.00)|(2,463.61)| |43|Other Church Expenses/Provision of Services|(6,381.99)|(9,447.95)| |44|Churchyard Maintenance|(10,818.50)|(8,359.00)| |45|Flowers|-|-| |46|Music costs|(1,174.35)|(2,585.40)| |47|Heating& Lightingcosts|(7,787.24)|(7,143.50)| |48|Water Rates|(371.99)|(211.51)| |49|Costs of Trading|(307.80)|(711.00)| |50|Governance Costs|-|-| |51|Parochial Fees Remittance to DBF|(559.00)|(719.00)| |52|Parochial Fees Remitted to visitingMinister|(1,118.00)|(1,441.00)| |53|Parochial Fees Remitted to other 3rdparty|-|-| |54|Parochial Fees Remitted to other PCC|-|-| |55|Service Fee Remittance to visitingMinister|-|-| |56|Payment of costs to other Parishes|-|-| |57|DeaneryCosts|-|-| |58|SundryExpenses|-|(440.54)| |59|Major Repairs/Redecoration to Church Building|(16,932.61)|(99,385.69)| |60|Major Repairs/Redecoration to otherproperties|-|-| |61|Alterations/Extensions to Church Building|-|-| |**Total Expenses**
**(143,054.44)**
**(207,044.03)**|||| Parish of Bibury with Winson and Barnsley PCC Annual Report for Year 2020 Page 9 of 15 ## **Account reconciliation** ## **Bank Reconciliation** |**Account**|**Account Name/Description**|**Opening**
**ACTUAL Balance**|**Transactions**
**In**|**Transactions**
**Out**|**ACTUAL**
**Balance**
| |---|---|---|---|---|---| |||**£1,281,693.12**|**£300,410.00**|**(£180,813.74)**|**£1,401,289.38**| |A|PCC of Biburywith Winson and Barnsley (Unres) (Cash)|£20,993.40|£145,569.39|(£145,645.54)|**£20,917.25**| |B|BiburyCCLA Free Reserve Deposit(2D)[Unrestricted] (Cash)|£14,355.26|£5,746.78|-|**£20,102.04**| |C|BiburyFabric CCLA Deposit(3D)[Restricted] (Cash)|£20,847.43|£1,295.89|(£10,000.00)|**£12,143.32**| |D|BiburyRestricted Account[Restricted] (Cash)|-|£10,075.00|-|**£10,075.00**| |E|BiburyBibury (Lloyds) (Cash)|£2,026.34|£33.00|-|**£2,059.34**| |F|Brigstocke Fund(1S) (Inv)|£133,954.00|£9,211.25|-|**£143,165.25**| |G|General Reserve Fund(2S) (Inv)|£159,450.00|£20,355.15|-|**£179,805.15**| |H|Fabric Reserve Fund(3S) (Inv)|£436,626.00|£43,998.48|-|**£480,624.48**| |I|Sir Colin Crowe Fund(4S) (Inv)|£40,964.00|£2,817.36|-|**£43,781.36**| |J|Free Reserve Fund(5S)[Unrestricted] (Inv)|£199,358.00|£20,089.05|-|**£219,447.05**| |K|Mollie Davis Fund(6S) (Inv)|£189,215.00|£13,458.89|-|**£202,673.89**| |L|Church Lands and Clock Charities(COIF 28932) (Inv)|£2,455.00|£156.65|-|**£2,611.65**| |M|Arthur Severn Trust(COIF 35723) (Inv)|£20,247.00|£1,294.63|-|**£21,541.63**| |P|BarnsleyCurrent Account[Unres] (Cash)|£9,250.82|£2,649.84|(£10,445.30)|**£1,455.36**| |Q|BarnsleyRestricted Account[Restricted] (Cash)|£10,660.13|£23,568.25|(£14,722.90)|**£19,505.48**| |R|BarnsleyCCLA Deposit Account(1D) (Fabric) [Restricted] (Cash)|£15,851.76|£67.30|-|**£15,919.06**| |S|BarnsleyCCLA Deposit Account(2D) (Organ) [Restricted] (Cash)|£5,438.98|£23.09|-|**£5,462.07**| |||||-|| ||||-||**-**| ||||-|-|**-**| ||||-|-|**-**| ## **Assets for use by Bibury and Winson** _(Restricted to the churches of Bibury and Winson)_ ||||**Value at**|Value at| |---|---|---|---|---| ||||**31/12/2020**|31/12/2019| |**Monetary Assets**|||**£**|£| |Bibury Restricted Account|||**10,075**|-| |CCLA Deposit Accounts|||**32,245**|35,203| |**Investment Assets:**|**Units**||**£**|£| |Brigstocke Fund|6,988|CBF Income Shares|**143,165**|133,954| |General Reserve Fund|8,776|CBF Income Shares|**179,805**|159,450| |Fabric Reserve Fund|23,460|CBF Income Shares|**480,624**|436,626| |Sir Colin Crowe Fund|2,137|CBF Income Shares|**43,781**|40,964| |Free Reserve Fund|10,711|CBF Income Shares|**219,447**|199,358| |Mollie Davis Fund|9,893|CBF Income Shares|**202,674**|189,215| |Church Lands & Clock Charities|145|COIF Investment Shares|**2,612**|2,455| |Arthur Severn Trust|1,196|COIF Investment Shares|**21,542**|20,247| |||TOTAL|**1,293,650**|1,182,269| ## **Freehold Church Lands:** 6 hectares of permanent pasture at Ablington **103,000** N.B. Valuations are calculated by reference to the average price for agricultural land at the year and may rise or fall. Parish of Bibury with Winson and Barnsley PCC Annual Report for Year 2020 Page 10 of 15 ||**Movement in Investment Values**||||| |---|---|---|---|---|---| ||_(Bibury with Winson)_||||| |||General Funds|Designated
Funds|Restricted
Funds|**TOTAL**| ||||||| |||£|£|£|**£**| ||Values at1st January2020|199,358
-
982,911|||1,182,269| ||Increasein value|20,089|-|91,292|111,381| ||**Values at 31 December 2020**|**219,447**|**-**|**1,074,203**|**1,293,650**| ||||||| ## **Bibury with Winson Fund details** ## **Restricted Funds:** **The Sir Colin Crowe Fund:** Held in a CBF Investment Share Account. Sir Colin died in 1989 and In his Will left a bequest of £10,000 to the Vicar and Churchwardens upon trust for the PCC to invest the capital and to apply the income towards the upkeep of the graves of Sir Colin and Lady Crowe, and to apply the remainder of such income for the maintenance, repair and improvement of Bibury Church, its cemetery and churchyard. Income from this fund is accumulated in the Fabric Reserve Deposit Account. **The Church Lands & Church Clock Charities:** The assets consist of 15 acres of freehold land and COIF Investment Shares. These are held under a Scheme approved by The Charity Commissioners. The Trustees are the Vicar and 2 representative trustees appointed by the PCC for the term of 4 years. The income of the Church Lands Charity is for the maintenance, repair and insurance of the fabric of Bibury Church and its furniture. The income of the Church Clock Charity is for the maintenance of Bibury Church Clock. Income from this fund is transferred to the National Westminster Bank Bibury Restricted account. **The Mollie Davis Fund:** Held in a CBF Investment Share Account. Molly Davis died on 1 August 2001 and in her Will left £100,000 to the PCC of Bibury with Winson for the general purposes of the church of St Michael Winson as a place of worship to be utilised to help to maintain regular services in the said church. The PCC, in November 2001, decided that the capital of the fund should be treated as a permanent endowment and the income applied to the maintenance of services. Income is transferred to the Free Reserve Deposit Account. **The Brigstocke Fund:** Held in a CBF Investment Share Account. The late Mr Reginald Whish Brigstocke died on 16 December 1971. He left the residue of his estate to the Vicar and Churchwardens. It was decided by the PCC in 1972 that the capital of the fund should be treated as a permanent endowment, the income to be applied to the expenditure of a capital nature only (i.e. not to be used to defray recurrent expenses), provided that any accumulated income, surplus to the PCC’s needs, may be applied for charitable purposes. Income from this fund is accumulated in the General Reserve Fund. Parish of Bibury with Winson and Barnsley PCC Annual Report for Year 2020 Page 11 of 15 **The Arthur Severn Fund:** Held in COIF Investment Income Shares. Mr Severn died in 1947 with a bequest that the residue of his estate be used for the maintenance and repair of Bibury Church and churchyard. The Vicar and Churchwardens are the Trustees. Income from fund is transferred to the National Westminster Bank Bibury Restricted account. **The Fabric Fund:** Held in part in a CBF Investment Share Account (Fabric Reserve) and in part in a CBF Deposit Account (Fabric Reserve Deposit). Expenditure is restricted to the maintenance, repair and improvement of Bibury and Winson churches, churchyards and cemetery. Includes temporary and long-term sub-funds as required for specific purposes or projects. Dividends of the Fabric Reserve are reinvested in the fund. **General Reserve Fund:** Held in a CBF Investment Share Account. Consists of accumulated income from the Brigstocke Fund and surplus cash allocated by the PCC from other sources from time to time. Expenditure is restricted to items of a capital nature or for charitable purposes (as for Brigstocke Fund above). Dividends are reinvested in the fund. ## **Unrestricted Funds:** **The Free Reserve Fund:** Held in CBF Investment Share and Deposit accounts and as cash at National Westminster Bank plc. CBF dividends are reinvested in the fund. ## **Bibury with Winson connected funds** ## Bibury Church of England Schoolhouse The schoolhouse is leased to Gloucestershire County Council at a rent of £10 per annum and the Trustees are the Vicar and Churchwardens. The assets of the fund consist of 6,472 units in the JPMorgan UK Strategic Equity Income Fund with a value at 31[st] December 2020 of £12,725. ## Bibury Church Rose Fund The fund was set up by parishioners for the provision and maintenance of the standard rose trees in Bibury churchyard. The monies are held in National Westminster Bank accounts with a balance at 31 December 2020 of £1,435. Parish of Bibury with Winson and Barnsley PCC Annual Report for Year 2020 Page 12 of 15 ## **Assets for use by Barnsley** _(Restricted to Barnsley Church)_ |**MONETARY ASSETS**
Barnsley Restricted Account
CBF Deposit Accounts - Fabric
CBF Deposit Accounts - Organ
**INVESTMENT ASSETS**
_COIF invested funds*_
Units
Musgrave Trust
112
William Wise trust
89|General
Funds
Designated
Funds
Restricted
Funds
**Total**
**31/12/2020**
Total
31/12/2019
£
£
£
**£**
£
- - 19,505
**19,505**
10,660
-
-
15,919
**15,919**
15,852
-
-
5,462
**5,462**
5,439| |---|---| ||**-**
**-**
**21,381**
**21,381**
21,291
- -
3,403
- - 2,013
**2,013**
- - 1,600
**1,600**| ||**- - 3,613 3,613**3,403| * COIF funds not included in the R&P report. ## **Barnsley Investment Fund details** These are two Musgrave Wise funds set up in the 18[th] and 19[th] centuries to provide coal to the poor of the Parish of Barnsley. The old Barnsley PCC assumed the role of trustee about eight years ago on advice of the charity commission due to the minor value of the funds. The capital is invested in COIF funds and the income goes to the Barnsley Current Account. Parish of Bibury with Winson and Barnsley PCC Annual Report for Year 2020 Page 13 of 15 ## **Annual Financial Statement** # **of Bibury with Winson and Barnsley** # **Parochial Church Council** For the year ended 31 December 2020 Approved by the Parochial Church Council on …. 15[th] ……… March 2021 and signed on its behalf by: ………….. T. H-S ................ (Signature) ………… N S ……………......... (Signature) Rev. Tim Hastie-Smith (Name) Neil Spurrier (Name) (Vicar) (Lay Chair of the PCC) Parish of Bibury with Winson and Barnsley PCC Annual Report for Year 2020 Page 14 of 15 ## **Independent examiner’s report to the trustees of the PCC of Bibury with Winson and Barnsley.** I report to the trustees on my examination of the accounts of the PCC of Bibury with Winson and Barnsley (the Charity) for the year ended 31 December 2020. ## **Responsibilities and basis of report** As the charity trustees of the Charity, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). I report in respect of my examination of the Charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner’s statement** I have completed by examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1) accounting records were not kept in respect of the Charity as required by section 130 of the Act; or 2) the accounts do not accord with those records; or 3) the accounts do not comply with the applicable requirements concerning the form 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 which is 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. Signed: ............. A. SellArS ............................ Name: Mr. A Sellars Address: Wenmans House Barnsley Cirencester Gloustershire Date: .................. 25/03/2021 ..... Parish of Bibury with Winson and Barnsley PCC Annual Report for Year 2020 Page 15 of 15