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2021-12-31-accounts

The Parochial Church Council of the Ecclesiastical Parish of Amberley with North Stoke

Trustees’ report and financial statements

For the year ended 31 December 2021

The Parochial Church Council of the Ecclesiastical Parish of Amberley with North Stoke

31 December 2021

Contents

Reference and Administrative Details 1
Annual Report of the Trustees 2
Statement of Trustees’ Responsibilities 8
Independent Examiner’s report to the Trustees of the Parochial Church Council of Amberley
with North Stoke (the “Charity”) 9
Statement of Financial Activities 10
Balance Sheet 11
Notes 12

The Parochial Church Council of the Ecclesiastical Parish of Amberley with North Stoke

31 December 2021

Reference and Administrative Details

Trustees The Reverend Gerry Burgess
Mr Stephen Burgess
Mr Michael Davey
Mrs Melanie Edge
Mr Graham Elliott
Mr Guy Leonard
Mrs Mary Leonard
Mrs Glenys Rowe
Mrs Rosalind Simpson
Principal Office The New Vicarage
School Road
Amberley
Arundel
West Sussex
BN18 9NA
Independent examiner Kreston Reeves LLP
Chartered Accountants
A2 Yeoman Gate
Yeoman Way
Worthing
West Sussex
BN13 3QZ
Priest in Charge The Reverend Gerry Burgess
Churchwardens Mr Michael Davey
Mrs Melanie Edge

1

The Parochial Church Council of the Ecclesiastical Parish of Amberley with North Stoke

31 December 2021

Annual Report of the Trustees

The Trustees of the Parochial Church Council of the Ecclesiastical Parish of Amberley with North Stoke (the “PCC”) present their report and accounts for the year ended 31 December 2021.

Administrative information

The Ecclesiastical Parish of Parochial Church Council of Amberley with North Stoke is a charity.

The PCC is registered with the Charities Commission with registration number 1187780.

The address of the principal office of the PCC is The New Vicarage, School Road, Amberley, Arundel, West Sussex BN18 9NA, and its website is www.amberleystmichael.org.uk.

Trustees

During the year, and to the date of this report, the following served as members of the PCC:

Priest In Charge: The Reverend Gerry Burgess Churchwardens: Mrs Melanie Edge Mr Michael Davey Members: The Reverend Gerry Burgess Chairperson Mr Stephen Burgess Mr Michael Davey Secretary Mrs Melanie Edge Health and Safety Officer and Safeguarding Officer Mr Graham Elliott Treasurer Mr Guy Leonard Deanery Synod representative Mrs Mary Leonard Deanery Synod representative and Electoral Roll Officer Mrs Glenys Rowe Mrs Rosalind Simpson Mrs Elaine Corbett Lay Reader, co-opted October 2021

Structure, Governance and Management

The PCC is an incorporated body governed by the Parochial Church Council Powers Measure (1956) as amended and the Church Representation Rules (contained in Schedule 3 to the Synodical Government Measure 1969 as amended). Legally, the council is responsible for the financial affairs of the church parish and the maintenance of its assets, such as churches and church halls, and for promoting the mission of the church.

A PCC is the executive committee of a Church of England parish. The membership requirements for a PCC are prescribed by the Church Representation Rules and include the clergy and churchwardens of the parish, any members of the General Synod, diocesan synod or deanery synod who are on the church electoral roll of the parish, and representatives of the laity elected at the Annual Parochial Church Meeting. Parishioners are warmly encouraged to stand for election to the PCC who try to ensure a balance of skills and experience where possible.

The full PCC met either in person or by Zoom five times (including the Annual Parochial Church Meeting) during the year with a high average level of attendance. The Annual Meeting of Parishioners was held on 24 April 2021.

At the year-end, there were 64 parishioners on the church electoral roll (2020 – 68).

Aim and purposes

The primary aim of the PCC is the promotion of the Gospel of our Lord Jesus Christ according to the doctrines and practices of the Church of England. The PCC has the responsibility of cooperating with the Priest in Charge, the Reverend Gerry Burgess, in promoting in the ecclesiastical parish, the whole mission of the church, pastoral, evangelistic, social and ecumenical.

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The Parochial Church Council of the Ecclesiastical Parish of Amberley with North Stoke

31 December 2021

Annual Report of the Trustees (continued)

Objectives and Activities

The PCC:

The PCC fully recognises its obligations with regards to the House of Bishops' guidance on safeguarding children and vulnerable adults and has complied with its duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016.

The members of the PCC confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the charity’s aims and objectives and in planning future activities.

Achievements and Performance

a) Attendance at worship

In 2021, the coronavirus pandemic continued to affect many aspects of church life. Church services in person were suspended from the start of the year until late March. However, we continued to worship together through services provided through weekly email and live streamed from the church via Facebook and YouTube. With a wider reach online, these services were watched by approximately 40 people per week. In addition, midweek Morning Prayer was shared by Zoom during this time.

We were able to resume public worship in late March, thanks to the church being a large and airy building which provides ample distancing space. Along with two creative alternatives, an online drama and outdoor Easter trail, church services during Holy Week and Easter were able to go ahead, albeit with lower numbers this year. Church attendance was slightly lower throughout the year, whether due to increased caution, online alternatives or the attractions of family visits and other activities once restrictions eased.

Outdoor services were held in June as part of the Churchyard Weekend and in July on the Millennium Green (a community event to give thanks to local lockdown stars), with good attendance at both. The Remembrance Sunday service was again held entirely outside at the churchyard War Memorial and attended by over 75 people, the highest Remembrance service attendance for some years.

In church, the quiet prayer corner has been a haven for many people and a reflective service remembering loved ones departed was valued by a number who are not regular churchgoers. The second Sunday Worship for All has continued to provide an informal option once a month, with attendance similar to other weeks, but higher in December for the first Café style service.

The Christmas carol service and Christmas morning family service were both well attended, but outdoor events proved more popular, with over 70 including at least 10 children following the Christmas Eve procession through the village which ended at a manger in the churchyard.

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The Parochial Church Council of the Ecclesiastical Parish of Amberley with North Stoke

31 December 2021

Annual Report of the Trustees (continued)

For much of the year, collective worship at Amberley School was led by the Priest in Charge either outdoors or online via Zoom. However, we were pleased to be able to host school children and their families in church for the leavers’ service in July and Harvest service in October. However, rising infections meant that the Christingle service and Christmas service had to be delivered online.

This year we have been able to welcome two families for baptisms delayed from last year. There were also two weddings, one of them deferred from 2020. Funerals and memorial services have continued, with gradual relaxation of restrictions allowing greater numbers to attend.

b) Teaching, baptising, and nurturing new and existing believers

We are pleased that baptisms have now resumed, and we have endeavoured to engage with families in ways appropriate to the pandemic restrictions at the time. During the spring, an Easter trail through the village was devised, which could be enjoyed at many levels by children and adults. There was lively family participation in the summer Churchyard Weekend and in the Christmas Eve procession.

For another year, it has not been advisable to meet indoors in small groups, so any study has had to be online. During Lent, energy went into preparation of the benefice wide Easter Diaries online drama whilst in Advent a series of seasonal reflections was held via Zoom.

Midweek Morning Prayer has continued, often meeting outside, sometimes in church or, when necessary, on Zoom. It has been good to join together in prayer for individuals and local concerns as well as for the nation and the world as the challenges of coronavirus continue.

Materials were provided via weekly email to encourage prayer and Bible reading at home, especially during times of lockdown. The prayer walking project led by a lay reader in training led to discussion on prayer as well as the practical activity which followed. Another strong theme this year has been climate change and care for the environment, which has led to the church gaining its bronze Eco Church award.

c) Evangelism and outreach

The Parish Engagement Group (PEG) has continued to seek ways of serving the community and building links with those who may be at a disadvantage in any way. The CAMEO group, a monthly informal meeting for friendship, particularly for older residents or those who might feel isolated, has been a valuable support network. Several meetings were held in the safe outdoor location of the Millennium Green over the summer, providing welcome opportunities to socialise. In addition, personal contact has been maintained even whilst meetings have not been possible.

Some plans have been reshaped or discarded because of coronavirus, but fundraising events such as the summer Revival and Christmas market went ahead, with the aims not only of raising money but also promoting good cheer and safe outdoor social activities.

Whilst working towards becoming an Eco Church St Michael’s hosted an Eco Fair for all ages, encouraging awareness of numerous local initiatives in collaboration towards a ‘Green Amberley’. In a village set in beautiful surroundings, outdoor services either in the churchyard or the more neutral space of the Millennium Green have presented a gently inclusive opportunity for informal worship which has been welcomed.

d) Provision of the church building for people to enjoy

St. Michael’s church continues to be a place appreciated for its peace and quiet with a well-used prayer corner: which has been especially valued during the anxious times of the pandemic. The Covid-secure church remained open daily for private prayer and for visitors, even while services were suspended. Many visitors also appreciate the history of the ancient building which they can engage with via an audio guide using the church Wi-Fi connection.

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The Parochial Church Council of the Ecclesiastical Parish of Amberley with North Stoke

31 December 2021

Annual Report of the Trustees (continued)

The churchyard with its flourishing wildflower area has been attractive and well-tended, providing a peaceful haven for villagers and visitors alike. In June, we held a weekend to celebrate this much-loved space which drew visitors of all ages to enjoy and learn more about the rich biodiversity of the churchyard.

e) Provision of pastoral care for people living in the parish

The Priest in Charge and members of the church normally visit and keep in touch with a number of elderly and vulnerable members of the community and those recently bereaved. When this has not been possible during the year, contact has been maintained by phone calls and occasional gifts of cards, flowers, Harvest fruit and Christmas cakes co-ordinated by CAMEO helpers. The priest and many church members have provided practical and emotional support to neighbours during this time when many have still felt isolated or anxious.

f) Provision of tangible support to the poor and needy

Collections of food and other items as requested have been made through the church for Family Support Work which supports parents and children across Sussex. The invitation to provide Christmas gifts for families met with a huge and generous response from the wider village community. We have worked together with the local school to increase awareness amongst local families of the support offered by this organisation. Building on lessons learnt during lockdowns, the church has initiated discussion with the village Welfare Trust about developing a mutual support network which can be readily accessible to the whole community.

Financial Review

a) Results for the year

The PCC recorded an overall deficit for the year of £4,623 as compared to a surplus in the previous year of £8,810.

Clearly, the Covid-19 pandemic continued to have a significant impact on the finances of the PCC in 2021 as it had done in 2020. Lockdowns resulted in the suspension of services for prolonged periods but even at other times, congregations were affected by an understandable concern about attending services in the presence of groups of people.

people.
Unrestricted Restricted Unrestricted Restricted
funds funds funds funds
2021 2021 2020 2020
£ £ £ £
Income from donations and legacies 27,813 11,000 32,667 6,877
Income from charitable activities 14,792 500 12,918 -
Income from other trading activities, etc 2,463 189 6,132 210
Total income 45,068 11,689 51,717 7,087
Total expenses (52,052) (11,355) (50,013) (863)
Investment gains 1,101 926 466
 416
Net income/(expenditure) (5,883) 1,260 2,170 6,640

The deficit for the year on Unrestricted Funds was £5,883 as compared to a surplus of £2,170 in the previous year. Of this, Unrestricted income was £45,068 as compared to £51,717 due to the following:

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The Parochial Church Council of the Ecclesiastical Parish of Amberley with North Stoke

31 December 2021

Annual Report of the Trustees (continued)

Expenditure from Unrestricted Funds for 2021 was £52,052 as compared to £50,013 in the previous year. Of note in this respect:

The surplus for the year on Restricted Funds was £1,260 which arose largely from:

The surplus of £6,640 in 2020 mainly comprised the receipt of the last instalment of the Heritage Lottery Fund grant associated with those tower repairs.

b) Funding position at year end

At 31 December 2021, total funds amounted to £333,875 slightly reduced from £338,498 at the end of 2020 due to the result for the year discussed above. Of this, Restricted Funds amounted to £31,171 (2020 - £29,911).

Unrestricted Funds at year end were £302,704 (2020 - £308,587) however, these amounts include the book valuation placed on the Church Hall. Excluding this, unrestricted funds at year end decreased slightly to £61,399 due to the deficit for the year (2020 - £63,946).

The PCC invests monetary balances with either the CBF Church of England Deposit Fund or in deposit accounts with High Street banks. At 31 December 2021, these monetary balances amounted to £77,573 (2020 - £83,933). In addition, there were some legacy investments in Chichester Diocesan Board of Finance and Church of England Central Board of Finance funds amounting to £16,193 (2020 - £14,166) on which there was a capital gain for the year of £2,027 (2020 – £882).

c) Reserve policy

It is PCC policy to maintain a balance on Unrestricted Funds (excluding property) at a minimum of two months’ worth of average unrestricted payments as contingency against unforeseen situations.

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The Parochial Church Council of the Ecclesiastical Parish of Amberley with North Stoke

31 December 2021

Annual Report of the Trustees (continued)

d) Condition of the Church

A significant amount of repair work to the Church fabric was carried out from 2014 to 2019 resulting from the findings of the Quinquennial Inspection of St. Michael’s Church carried out in late 2012. This included a major Heritage Lottery Fund supported project to address major issues in the church tower. This project was completed during 2019.

Due to the project work, the Quinquennial Inspection which would originally have been expected to occur in 2017 was deferred until late 2020. The PCC received the resulting report during the year. As would be expected in maintaining a building of this historic nature, there are always matters of maintenance to be attended to, and the report detailed these. The report did not raise any sufficiently serious concerns that would require a significant project or expenditure to remediate.

e) Specific thanks

As ever the PCC is indebted to many contributors to the ongoing operation and funding of the Church in addition to those mentioned above, including:

  1. The PCC is most grateful for the ongoing generosity of those who have supported the Church during the year by way of both regular giving and one-off donations, whether they be parishioners, friends or organisations.

  2. We would like to thank Amberley Parish Council for their ongoing support and the grant of £500 to be applied against the costs of operating the Church Hall, a community asset.

  3. We would also like to thank those parishioners who have been involved in any way with the regular activities of the Church, such as operation of the magazine, Church Hall etc. that make such an important contribution to parish life and to our unrestricted finances.

  4. The parish magazine is produced in full colour and contains much useful local information and topical articles. The support of the many subscribers is much appreciated. However, if anyone reading does not presently receive this informative magazine, a subscription comes at the very economical rate of £10 for the year.

Approved by order of the Trustees and signed on their behalf by:

The Reverend Gerry Burgess Chairperson and Priest in Charge 14 March 2022

Mr Graham Elliott Treasurer

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The Parochial Church Council of the Ecclesiastical Parish of Amberley with North Stoke

31 December 2021

Statement of Trustees’ Responsibilities

The Trustees are responsible for preparing the Annual Report of the Trustees and the financial statements in accordance with applicable law and in accordance with UK accounting standards (UK Generally Accepted Accounting Practice).

Under charity law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of its incoming resources and application of those resources, including its income and expenditure for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity’s transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of other applicable legislation. They also have general responsibility for safeguarding the assets of the charity and for taking such steps as are reasonably open to them to prevent and detect fraud and other irregularities.

Approved by order of the Trustees and signed on their behalf by:

The Reverend Gerry Burgess Chairperson and Priest in Charge 14 March 2022

Mr Graham Elliott Treasurer

8

The Parochial Church Council of the Ecclesiastical Parish of Amberley with North Stoke

31 December 2021

Independent Examiner’s report to the Trustees of the Ecclesiastical Parish of Parochial Church Council of Amberley with North Stoke (the “Charity”)

I report to the Charity Trustees on my examination of the financial statements of the Charity for the year ended 31 December 2021.

Responsibilities and Basis of Report

As the Trustees of the Charity, you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2001 (the “2011 Act”).

I report in respect of my examination of the Charity’s financial statements carried out under Section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charities Commission under Section 145 (5)(b) of the 2011 Act.

Independent Examiner’s Report

Your attention is drawn to the fact that the Charity has prepared the financial statements in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

I understand that this has been done in order for the financial statements to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2019.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with my examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

The purpose of my work and to whom I owe responsibility

This report is made solely to the Charity’s Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity’s Trustees those matters I am required to state to them in an Independent Examiner’s Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity’s Trustees, as a body, for my work, or for this report.

James Peach, FCA for and on behalf of Kreston Reeves LLP Chartered Accountants Worthing, West Sussex

Date: 4 April 2022

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The Parochial Church Council of the Ecclesiastical Parish of Amberley with North Stoke

31 December 2021

Statement of Financial Activities

for the year ended 31 December 2021

Unrestricted
funds Restricted funds Total funds Total funds
Note 2021 2021 2021 2020
£ £ £ £
Income from:
Donations and legacies 2 27,813 11,000 38,813 39,544
Charitable activities 3 14,792 500 15,292 12,918
Other trading activities 4 2,198 - 2,198 5,721
Investments 5 265 189 454 621
Total income 45,068 11,689 56,757 58,804
Expenditure on:
Raising funds 6 751 - 751 1,768
Charitable activities 7 51,301
 11,355 62,656 49,108
Total expenditure 52,052 11,355 63,407 50,876
Net gains on investments 1,101 926 2,027 882
Net movement in funds (5,883) 1,260 (4,623) 8,810
Reconciliation of funds:
Total funds brought forward 308,587 29,911 338,498 329,668
Net movement in funds (5,883) 1,260 (4,623) 8,810
Total funds carried forward 302,704 31,171 333,875 338,498

The Statement of Financial Activities includes all gains and losses recognised for the year.

The notes on pages 12 to 20 form an integral part of these financial statements.

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The Parochial Church Council of the Ecclesiastical Parish of Amberley with North Stoke

31 December 2021

Balance Sheet
at 31 December 2021
Note
Fixed assets
Tangible assets
10
Investments
11
Current assets
Stocks
12
Debtors
13
Cash at bank and in hand
Creditors: amounts falling due within
one year
14
Net current assets
Net assets
Charity funds
Restricted funds
15
Unrestricted funds
15
Total funds		 2021
£
-
3,074
77,573
80,647
(4,270)		 2021
£
241,305
16,193
257,498
76,377
333,875
302,704
31,171
333,875		 2020
£
30
3,518
83,933
87,481
(7,790)		 2020
£
244,641
14,166
258,807
79,691
338,498
308,587
29,911
338,498

The notes on pages 12 to 20 form an integral part of these financial statements.

These financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

The Reverend Gerry Burgess Chairperson and Priest in Charge 14 March 2022

Mr Graham Elliott Treasurer

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The Parochial Church Council of the Ecclesiastical Parish of Amberley with North Stoke

31 December 2021

Notes

(forming part of the financial statements)

1 Accounting policies

The Parochial Church Council of Amberley with North Stoke (“PCC”) is an incorporated body governed by the Parochial Church Council Powers Measure (1956) as amended and the Church Representation Rules (contained in Schedule 3 to the Synodical Government Measure 1969 as amended). Legally the council is responsible for the financial affairs of the church parish and the maintenance of its assets, such as churches and church halls, and for promoting the mission of the church.

1.1 Basis of preparation of these financial statements

These financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The PCC meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

No amendments arising from the implementation of this Standard have affected the Company’s previously published financial position.

1.2 Income

All income is recognised once the PCC has entitlement to the income, it is probable that the income will be received, and the amount of income receivable can be measured reliably.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

1.3 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on charitable activities is that incurred on undertaking the activities which further the PCC's objectives, as well as any associated support costs.

All expenditure is shown inclusive of irrecoverable VAT.

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The Parochial Church Council of the Ecclesiastical Parish of Amberley with North Stoke

31 December 2021

Notes (continued)

1.4 Tangible fixed assets and depreciation

Tangible fixed assets are capitalised and recognised when the future economic benefits are probable, and the cost or value of the assets can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition are included in the measurement of cost.

Depreciation is charged so as to allocate the cost of the tangible fixed assets less their residual values over their estimated useful lives, using the straight-line method.

The estimated useful lives are as follows:

1.5 Investments

Fixed asset investments are financial instruments and are initially recognised at their transaction cost, and subsequently measured at fair value, unless the value cannot be measured reliably, in which case they are measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Net Gains/(losses) on investments’ in the Statement of Financial Activities.

1.6 Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slowmoving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

1.7 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered.

Prepayments are valued at the amount prepaid net of any trade discounts due.

1.8 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with maturities of three months or less from the date of acquisition or opening of the deposit or similar account.

1.9 Liabilities and provisions

Liabilities are recognised in the balance sheet when there is a present legal or constructive obligation arising as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the PCC anticipates it will pay to settle the obligation or the amount received as advanced payments for the goods or services it must subsequently provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.

1.10 Financial instruments

Other than investments, the PCC only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

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The Parochial Church Council of the Ecclesiastical Parish of Amberley with North Stoke

31 December 2021

Notes (continued)

1 Accounting policies (continued)

1.11 Fund accounting

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the PCC and which have not been designated or otherwise restricted for use for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the PCC for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aims and uses of each restricted fund are set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

2 Income from donations and legacies

Unrestricted Restricted
funds funds Total funds Total funds
2021 2021 2021 2020
£ £ £ £
Donations:
Planned giving 11,040 - 11,040 7,505
Income tax recoverable 4,812 - 4,812 6,072
Collections at services 4,777 - 4,777 4,607
Gift days, sundry donations and appeals 6,684 1,000 7,684 14,235
Grants 500 10,000 10,500 7,125
Total 2021 27,813 11,000 38,813 39,544
Total 2020 32,667 6,877 39,544

3 Income from charitable activities

Unrestricted
funds Restricted funds Total funds Total funds
2021 2021 2021 2020
£ £ £ £
Church fees received 4,419 500 4,919 2,408
Church hall lettings 558 - 558 480
United Benefice cost recharges 1,572 - 1,572 1,543
Parish magazine 8,243 - 8,243 8,487
Total 2021 14,792 500 15,292 12,918
Total 2020 12,918 - 12,918

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The Parochial Church Council of the Ecclesiastical Parish of Amberley with North Stoke

31 December 2021

Notes (continued)

4 Income from other trading activities

Unrestricted
funds Restricted funds Total funds Total funds
2021 2021 2021 2020
£ £ £ £
Book and card receipts 5 - 5 29
Fundraising events 2,193 - 2,193 4,399
Coronavirus Job Retention Scheme claims - - - 1,148
Other income - - - 145
Total 2021 2,198 - 2,198 5,721
Total 2020 5,721 - 5,721
5 Investment income
Unrestricted
funds Restricted funds Total funds Total funds
2021 2021 2021 2020
£ £ £ £
Interest receivable 265 189 454 621
Total 2020 411 210 621
6
Expenditure on raising funds
Unrestricted Restricted
funds funds Total funds Total funds
2021 2021 2021 2020
£ £ £ £
Fundraising costs 751 - 751 1,768
Total 2020 1,768 - 1,768

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The Parochial Church Council of the Ecclesiastical Parish of Amberley with North Stoke

31 December 2021

Notes (continued)

7 Expenditure on charitable activities

Unrestricted
funds Restricted funds Total funds Total funds
2021 2021 2021 2020
£ £ £ £
Missionary and charitable giving 399 - 399 842
Diocesan parish contribution 15,000 - 15,000 15,161
Other clergy costs 4,061 - 4,061 3,858
Church running expenses 10,032 65 10,097 9,791
Church maintenance 1,139 9,540 10,679 863
Upkeep of churchyard 5,891 - 5,891 3,833
Parish magazine 5,334 - 5,334 5,940
Church hall running costs 3,604 1,750 5,354 4,765
Depreciation 3,336 - 3,336 3,335
Independent examination fees 930 - 930 720
Other expenses 1,575 - 1,575 -
51,301 11,355 62,656 49,108
Total 2020 48,245 863 49,108

8 Independent examiner’s remuneration

The independent examiner’s remuneration comprises a fee for the independent examination of £930 (2020 - £720).

None of the trustees received any remuneration or other benefits (2020 - £Nil) nor did they incur expenses (£Nil).

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The Parochial Church Council of the Ecclesiastical Parish of Amberley with North Stoke

31 December 2021

Notes (continued)

10 Tangible fixed assets

Freehold
property
£
Cost
Balance at 1 January 2020, 31 December 2020 and 31 December 2021
278,000
Accumulated depreciation
Balance at 1 January 2020
30,024
Amortisation for the year
3,335

Balance as at 31 December 2020
33,359
Amortisation for the year
3,336

Balance at 31 December 2021
36,695
Net book value
At 1 January 2020
247,976

At 31 December 2020
244,641

At 31 December 2021
241,305

11
Fixed asset investments
2021
£
At valuation
At 1 January
14,166
Revaluations
2,027
At 31 December
16,193		 Total
£
278,000
30,024
3,335

33,359
3,336

36,695
247,976
244,641
241,305
2020
£
13,284
882
14,166

17

The Parochial Church Council of the Ecclesiastical Parish of Amberley with North Stoke

31 December 2021

Notes (continued)

12 Stocks

Books for resale
13
Debtors
Other debtors
Prepayments and accrued income
14
Creditors: amounts falling due within one year
Other creditors
Accruals
Deferred income		 2021
£
-
2021
£
1,592
1,482
3,074
2021
£
414
1,256
2,600
4,270		 2020
£
30
2020
£
1,854
1,664
3,518
2020
£
242
5,332
2,216
7,790

Deferred income comprises parish magazine subscription and advertising income received in advance.

18

The Parochial Church Council of the Ecclesiastical Parish of Amberley with North Stoke

31 December 2021

Notes (continued)

15 Statement of funds

Current year
Balance at 1
January
£
Unrestricted funds

General funds
308,587
Restricted funds
Collard
5,419
Collard Churchyard
7,720
Bells
3,067
Choir
2,713
Fabric
10,242
Church hall
750

29,911
Total funds
338,498
Prior year
Balance at 1
January
£
Unrestricted funds

General funds
306,417
Restricted funds
Collard
5,409
Collard Churchyard
7,117
Bells
2,915
Choir
2,713
Fabric
4,367
Church hall
750
23,271
Total funds
329,688		 Income
Expenditure
£
£
45,068
(52,052)
-
-
188
-
200
-
300
(65)
10,001
(9,540)
1,000
(1,750)
11,689
(11,355)
56,757
(63,407)
Income
Expenditure
£
£
51,717
(50,013)
10
-
187
-
152
-
-
-
6,738
(863)
-
-
7,087
(863)
58,804
(50,876)		 Gains
Balance at 31
December
£
£
1,101
302,704
-
5,419
926
8,834
-
3,267
-
2,948
-
10,703
-
-
926
31,171
2,027
333,875
Gains
Balance at 31
December
£
£
466
308,587
-
5,419
416
7,720
-
3,067
-
2,713
-
10,242
-
750
416
29,911
882
338,498

The Restricted funds are restricted for the following uses:

19

The Parochial Church Council of the Ecclesiastical Parish of Amberley with North Stoke

31 December 2021

Notes (continued)

16 Analysis of net assets between funds

Unrestricted Restricted
funds funds Total funds
£ £ £
Current year
Tangible fixed assets 241,305 - 241,305
Fixed asset investments 8,826 7,367 16,193
Current assets 56,843 23,804 80,647
Creditors: amounts falling due within one year (4,270) - (4,270)
Total at 31 December 2021 302,704 31,171 333,875
Prior year
Tangible fixed assets 244,641 - 244,641
Fixed asset investments 7,726 6,440 14,166
Current assets 64,010 23,471 87,481
Creditors: amounts falling due within one year (7,790) - (7,790)
Total at 31 December 2020 308,587
 29,911
 338,498

17 Related parties

There were no related party transactions in the year or the prior year that require disclosure under the Charities SORP (FRS102).

20