2020-12-31-accounts

HUNGERFORD PAROCHIAL CHURCH COUNCIL FINANaAL STATEMENTS FOR ThE YEAR ENDED 31 DECEMBER 2020

INDEPENDENT EXAMINERS REI¥>RTTO THE TRUSTEES OFTHE HUPIGERFORD PAROCHIALCOUNaL I report on the account5 of the Hun8erford Parothial U)urth Council for the year ended 31 December 2020 Respertive responslblllties of trustees and examlner The Trustees are responsible forthe preparation of the accounts. The Trustees consider that an audit is not required foi this year urbder section 43121 of the Charitie5 Act 1993 Ithe 1993 Act) and that an independent examination is needed and l am qualified to undertake the examination by bein8 a qualifted member of the Institute of Chartered Accountants in England and Wales. It is my responsibility to Examine the accounts under sertion 43 of the 1993 Act To follow the procedures laid down in the General Directions given by the Charitie5 Commlssion lunder settion 43171 of the 1993 Act) and To state whether particular matter5 havè come to my attentii)n Basls of Independent examiners Mport My exarnination was carrled out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the account with those records. It also includes consideration of any unusual items or disdosure5 in the accounts, and the seeking of explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be Tequired in an audit and consequently no opinion is given as to whether the accounts present a tnje and fair view an(J the report is limited to those matters set oul in the statement below lrtdependent examiners report In connection with my examination, fio matter has come to my attention Which give5 me reasonable cause to believe thaL in any material re5pert, the requirements To keep accounting records in attOrdan￿ wilh sertion 41 of the 1993 Art and To prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 1993 Att have not been met or To which. in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be rèached Peter Davie5 FCA Sunrise Chapel Lane Hermitage Thatcham RG18 9RL

HUNGERFORD PAROCHIAL CHURCH COUNaL STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEM8ER 2020 GENERAL FUND Note Funds fund5 2020 nd5 Totsl 2019 Incomlng Resources Voluntary EivinE Activities for generati￿ funds Income from investments Church activitie5 Total in¢omin8 resour 91,929 362 10.349 4,984 107.624 29.487 121.416 362 10,349 4,984 137,111 84,640 4,005 13,567 10.321 112,533 29.487 Resources used Costs of generating tsnds Church activtties Church expenses Major capitsl expenditure Total rèsources used 613 74.229 20.856 6,846 102,544 63,￿￿ 17.176 21.(L)8 101,687 9.034 72.537 17,176 21.008 110,721 9.034 Net Incomin8lout80in 5,937 20.453 26,39) 9,989 Transfer between funds Net out8oin8s before KaSns 5.937 20,453 26,390 9.989 Other reco8nlsed galns 14.774 14.774 45,435 Net movement In fvnds 20.711 20.453 41,164 55,424 Reconciliation of funds Total funds brought forward Restricted Legacy Reserve restated Restated funds brouRht forward ￿(￿,956 3.603 404,559 51,CrfJ) 455.559 349,135 51,000 400.135 51,OCN) s1.0￿) 4￿.956 3.603 Net movement for year Total funds carried fon¥ard 20.711 421,667 20.453 24.056 41.164 496.723 55,424 455,559 51.0

HUNGERFORD PAROCHIAL CHURCH COUNaL BALANCE SHEET AS AT 31 DECEMBER 2020 2020 2019 Notes INVESTMENTS 358,458 348,985 CURRENT ASSErs 8ank balance Sundry Debtors 131,845 6,820 138,665 99.667 8,057 107,724 CURRENT LIABILITIES Creditors and Accruals 1.150 Net current assets less current liabilitie5 138,265 106,574 Total net assets less liabilities 496.723 455,559 Represented by St Lawrence General Fund Restricted Legary reserve 445,723 51,(XM) 496.723 404,559 51,000 455,559

HUNGERFORD PAROCHIAL CHURCH COUNaL NOTES TO THE 2020 FINANCIAL sfATEMENTS Accounting Policles Basis of fi￿n(la1 ststements The financial statements have been prepared in accordance with the Church Accounting regulations 2006 together wtth applicable accounting standards and the FRS102 SORP The financial statements have been prepared under the historical cost convention except for the valuation of investment a55ets, which are shown at market value. The financial ststements include all transactions, assets and liabiltties for which the PCC is responsible in law. Fund accounting Unrestrirted fvnds are general funds which can be used by the PCC ordinary purpose. Designated funds are general funds set aside by the PCC for use in the future. Designated funds remain unrestricted and the PCC will remove any Surplus to other general funds. Incoming resource5 Planned givin& collections and donations are recognised when received. Tax refunds are recognised when the incoming resource to which they relate 15 r￿1ved. Grants and legacies are accounted for when the PCC is legally entr(led to the amounts due. Dividend5 are accounted for when re￿1Vable. Interest is accrued . All other income 15 reco8nised when it is receivable. Resources expended Grants and donations are accounted for when paid over or when awarded.. The Di0￿san parish share is accounted for when due. Amounts re￿iVed for a specific purpose are dealt with as restricted funds, all other expenditure is rewnised when it Is incurred and Is treated as unrestricted fvnd5. Fixed A55ets Consecrated and benefice property is not included in the accounts in accordance with section 1012la and Ic l of the Charities Act 2011.

HUNGERFORD PAROCHIAL CHURCH COUNCII Notes to the 2020 Financial Statements Incoming r•sour(e5 120 Unrestricted DeSi￿ated Restrfcted Funds Funds Funds 2019 T¢)tal Voluntary giving Planned gmng standing order Parish Givir4 Scheme Collections at services other voluntary receipts- Donations Gift Aid recovered Gift Aid recovered on Parish Giving Youth worker grant Music Equipment Total volurtary giving 15,590 43.805 3.326 12.628 6.820 9,760 15.590 43,805 3,326 12,628 6,820 9.760 21.017 8,470 121,416 40,853 11,456 11,257 6,876 8,538 5,660 21.017 8.470 29.487 91.929 84,640 Activiti•s forBeneratin8 funds Fundraislng attivities Coffee receipts Total from fund raising artlvltles 253 109 362 253 109 362 3,507 498 4,005 Income from investments Interest Dividends Totsl investment in¢ome 80 10.269 10.349 80 10.269 10.349 207 13,360 13,567 ChLJrch actiwties Fees from wedding and funerals Trading activities Parish Share rebate Total Church actlvltles 5.014 5.014 6,723 1.238 2.360 10,321 1301 4.984 1301 4,984 Totsl Incorning Resources 107,624 29,487 137,111 112.533

HVNGERFORD PAROCHIAL CHURCH COUNaL Notes to the 2020 Financlal Statements 2020 Unrestrkted Designated Restrlcted Funds fund5 Funds 2019 Total Cost ol generating funds Costs of fundraising activities 613 Church actlvltles Mission giving and donations Parish share Salaries YoLrth worker salary Youth worker eKpenses Clergy and stsff expenses Total Church artlyltles 119 60,353 1,281 119 60.353 1,281 8,128 906 1,750 72,537 310 56,937 2,139 8,845 I,iio 4,888 74,229 8,128 1.750 63,503 9,034 Church expenses Mission and evangelism costs Printing and stationery Worship supplies PPL Childrens church Kitchen costs Minor repairs Equipment maintenance Organ maintenance Music equipment Insurance Light and heat Water Room hire Accountancv Finance costs Investment brokers fees Other expendwture Total Chuech expenses 944 1.597 355 226 23 211 3.573 273 899 11,6421 4,243 1,597 355 226 23 211 3.573 273 899 362 364 406 881 1,220 829 1.429 4,410 3,609 42 562 400 680 824 1,395 20,856 4.458 4,458 63 63 669 1.455 669 1.455 30 17,176 17,176 Major capital expenditure Major repairs to church 21,008 21,0)8 6,846 Total major capitsl expendi￿re 21,008 21,(K18 6,846 Total outgoing resources 101,687 9.034 110,721 102,544

HUNGÉRFORD PAROCHIAL CHUFtCN COUNaL NOTES TO THE 2020 FINANCIAL STATEMEPllS 3 Fixed assets- Investmeb At Q)st At ma￿et value Addthons M3rket Ildisposall Gain/Loss Market value at at market in market Value at oI/OV20 value value 3V12120 C05t at OVOV20 Additions Di$[K￿l 31112120 Rio finto BHP Bllliton PLC Diageo Glaxosrnithkline Royal Dutch Shell BNY Mellon Fund Siemens AG Siemens Enefgy J P Morgan US equ National Grid Blackrock North AM BP UK Gov 4.5% ind linked Imperial Brands Aberdeen New India Mountview Estates Alliènz Technology Novartis SG Blackrock FM Scot Mortgage Invest wpp Standard tife Blackr￿k FM hrtatthews IntematÉonal J P Morgan Asiar Investec Diversified Fund Alco Impax Environmental Baillie Gifford Henderson Diversified 8.755 9.409 5.867 12.621 6,652 4.374 10.140 18.7551 19.4091 15.764 12.575 14,353 13.829 13.262 5,889 13.426 114,9291 110.0751 18351 12.5001 11,4021 13,4291 18.0791 18291 836 1.815 11.3491 5.867 12.621 12.951 10.4( 16.6521 14.3741 15,1831 15.0601 iioi 10,140 14.252 1,815 26,605 11,894 14,089 18,615 12.058 14,417 12,169 20.700 12.351 9,936 13.218 10.237 10,713 11,034 18.615 12,058 14N17 27,954 13.074 16.193 12.351 20.881 6,247 11.675 14,100 18,848 14.546 10,T33 11,554 5,995 14.056 14.906 14.61)0 12,1041 17.5511 29 11.2571 1.675 1.080 15,307 17011 2.7c￿) 12.362 11,5151 1891 L398 3.324 3.660 76 1271 979 1.563 817 14,774 I￿169} 14,81NJl 20,7(X) 12.351 9.936 13.218 10.237 10,713 11.034 20.910 4.990 13,350 15,180 34,155 13,845 13,433 23,916 4,480 13.967 16,304 17,924 19,460 14.702 9.949 9,986 14,955 9,949 9,986 14.95S 15.115 14,934 1,435 15.115 14,934 14.626 L748 11.4351 11.7211 10,492 10,5 15.485 15,3011 10.492 10.492 10,5ty) 10.5LK) 15.485 15.485 36,477 142.7941 286.327 11.471 12,063 16,302 358,458 292.644 348,985

HUNGERFORD PAROCHIAL CHURCH COUNCIL NOTES TO THE 2020 FIP4ANCIAL sfATEMf NTS 2020 2019 4 Current assets Income tax recoverable Sundry debtors 6,820 6,877 1,180 6,820 8,057 5 Cash at bank Natwest current account Natwest Busine￿ Reserve Natwest Fabric Fund Charles Stanley capital account Charles Stanley income account 866 113.468 1,916 14,429 1.166 1,480 79,718 6,134 10,583 1,752 131,845 99,667 6 Rertrlcted Legacy Reserve G Bullock Dr Hope 50.000 1.000 51.C 51,000 Both le8acies are restricted and to be used solely for the maintenance ènd improvement of the fabric of St Lawrence Church 7 St Lawrence General Fund Unrestricted Fund 445,723 404,559 445,723 404,559 8 Designated Funds Balance at 111120 Balance at 31/12120 15,586 8,470 24,056 reststed Income 3,603 21.017 8,470 29.487 Expenditure Transfer 19.0341 Youth Workerfund Music Fund 3,603 19.0341 Deslgnated Funds form part of the unrestricted Fund5 in note 7 aly)ve