2021-12-31-accounts

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APCM Reports 2021-2022 •i•-,iuui st. LAWRENCE'S HUNGERFORD 20

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HUNGERFORD PAROCHIAL CHURCH COUNCIL

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF THE HUNGERFORD PAROCHIAL COUNCIL

I report on the accounts of the Hungerford Parochial Church Council for the year ended 31 December 2021

Respective responsibilities of trustees and examiner

The Trustees are responsible for the preparation of the accounts. The Trustees consider that an audit is not required for this year under section 43(2) of the Charities Act 1993 (the 1993 Act) and that an independent examination is needed and I am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants in England and Wales.

It is my responsibility to

Examine the accounts under section 43 of the 1993 Act

To follow the procedures laid down in the General Directions given by the Charities Commission (under section 43(7) of the 1993 Act) and

To state whether particular matters have come to my attention

Basis of independent examiners report

My examination was carried 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 disclosures 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 required in an audit and consequently no opinion is given as to whether the accounts present a true and fair view and the report is limited to those matters set out in the statement below

Independent examiners report

In connection with my examination, no matter has come to my attention

1 Which gives me reasonable cause to believe that, in any material respect, the requirements To keep accounting records in accordance with section 41 of the 1993 Act and

To prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 1993 Act have not been met or

2 To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached

…………………………………………………………..

Peter Davies FCA Sunrise Chapel Lane Hermitage Thatcham RG18 9RL

HUNGERFORD PAROCHIAL CHURCH COUNCIL STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2021

GENERAL FUND

Note
General
Funds
Designated
Funds
Restricted
Funds
Total
£
£
£
£
Incoming Resources
Voluntary giving
1
96,663
14,866
0
111,529
Activities for generating funds
1
200
0
0
200
Income from investments
1
8,439
0
0
8,439
Church activities
1
2,804
0
0
2,804
Income from non charitable trading
1
0
1,000
0
1,000
Total incoming resources
108,106
15,866
0
123,972
Resources used
Costs of generating funds
2
0
0
0
0
Church activities
2
69,682
681
0
70,363
Church expenses
2
18,037
33,408
0
51,445
Major capital expenditure
2
0
26,532
0
26,532
Total resources used
87,719
60,621
0
148,340
Net incoming/outgoings
20,387
-44,755
0
-24,368
Transfer between funds
6
(13,758)
64,758
(51,000)
0
Net outgoings before gains
6,629
20,003
(51,000)
-24,368
Other recognised gains
40,566
0
0
40,566
Net movement in funds
47,195
20,003
(51,000)
16,198
Reconciliation of funds
Total funds brought forward
6
421,667
24,056
51,000
496,723
Net movement for year
6
47,195
20,003
-51,000
16,198
Total funds carried forward
468,862
44,059
0
512,921
2021

2020
£
121,416
362
10,349
4,984
0
137,111
0
72,537
17,176
21,008
110,721
26,390
0
26,390
14,774
41,164
455,559
41,164
496,723

HUNGERFORD PAROCHIAL CHURCH COUNCIL BALANCE SHEET AS AT 31 DECEMBER 2021

Notes INVESTMENTS 3 CURRENT ASSETS Bank balance 5 Sundry Debtors 4 CURRENT LIABILITIES Creditors and Accruals Net current assets less current liabilities Total net assets less liabilities Represented by St Lawrence General Fund 7 Restricted Legacy reserve 6	2021 2020 £ £ 399,075 358,458 110,089 131,845 5,436 6,820 115,525 138,665 1,679 400 113,846 138,265 512,921 496,723 512,921 445,723 0 51,000 512,921 496,723

HUNGERFORD PAROCHIAL CHURCH COUNCIL NOTES TO THE 2021 FINANCIAL STATEMENTS

1 Accounting Policies

Basis of financial statements

The financial statements have been prepared in accordance with the Church Accounting regulations 2006 together with applicable accounting standards and the FRS102 SORP

The financial statements have been prepared under the historical cost convention except for the valuation of investment assets, which are shown at market value. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law.

Fund accounting

Unrestricted funds 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 resources

Planned giving, collections and donations are recognised when received. Tax refunds are recognised when the incoming resource to which they relate is received. Grants and legacies are accounted for when the PCC is legally entitled to the amounts due. Dividends are accounted for when receivable. Interest is accrued . All other income is recognised when it is receivable.

Resources expended

Grants and donations are accounted for when paid over or when awarded.. The Diocesan parish share is accounted for when due. Amounts received for a specific purpose are dealt with as restricted funds, all other expenditure is recognised when it is incurred and is treated as unrestricted funds.

Fixed Assets

Consecrated and benefice property is not included in the accounts in accordance with section 10(2)a and (c ) of the Charities Act 2011.

HUNGERFORD PAROCHIAL CHURCH COUNCIL

Notes to the 2021 Financial Statements

1 Incoming resources

Voluntary giving
Planned giving standing order
Parish Giving Scheme
Collections at services
Other voluntary receipts- Donations
Gift Aid recovered
Gift Aid recovered on Parish Giving
Youth worker grant
Music Equipment
Fabric fund
Total voluntary giving
Activities for generating funds
Fundraising activities
Coffee receipts
Total from fund raising activities
Income from investments
Interest
Dividends
Total investment income
Church activities
Fees from wedding and funerals
Trading activities
Parish share rebate
Total Church activities
Income from non charitable trading
Legacies
Total Incoming Resources

2020
Unrestricted
Funds
Designated
Funds
Restricted
Funds
Total
£
£
£
£
£
15,816
0
0
15,816
15,590
50,515
0
0
50,515
43,805
5,043
0
0
5,043
3,326
7,586
470
0
8,056
12,628
5,447
0
0
5,447
6,820
12,256
0
0
12,256
9,760
0
0
0
0
21,017
0
11,155
0
11,155
8,470
0
3,241
0
3,241
0
96,663
14,866
0
111,529
121,416
15
0
0
15
253
185
0
0
185
109
200
0
0
200
362
49
0
0
49
80
8,390
0
0
8,390
10,269
8,439
0
0
8,439
10,349
2,398
0
0
2,398
5,014
-
0
0
-
-
406
0
0
406
(30)
2,804
0
0
2,804
4,984
0
1,000
0
1,000
0
108,106
15,866
0
123,972
137,111
2021

HUNGERFORD PAROCHIAL CHURCH COUNCIL Notes to the 2021 Financial Statements

2
Cost of generating funds
Costs of fundraising activities
Church activities
Mission giving and donations
Parish share
Salaries
Youth worker salary
Youth worker expenses
Clergy and staff expenses
Total Church activities
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
Accountancy
Finance costs
Investment brokers fees
Other expenditure
Total Church expenses
Major capital expenditure
Major repairs to church
Total major capital expenditure
Total outgoing resources

2020
Unrestricted
Funds
Designated
funds
Restricted
Funds
Total
£
£
£
£
£
0
0
0
0
0
3892
0
0
3,892
119
59,749
0
0
59,749
60,353
2,374
0
0
2,374
1,281
0
0
0
0
8,128
0
681
0
681
906
3,667
0
0
3,667
1,750
69,682
681
0
70,363
72,537
442
0
0
442
944
2,863
0
0
2,863
1,597
341
0
0
341
355
279
0
0
279
226
329
0
0
329
23
432
0
0
432
211
1,226
0
0
1,226
3,573
1,125
0
0
1,125
273
1,337
0
0
1,337
899
64
33,408
0
33,472
0
4,429
0
0
4,429
4,458
2,504
0
0
2,504
2,000
17
0
0
17
63
0
0
0
0
0
400
0
0
400
400
709
0
0
709
669
1,341
0
0
1,341
1,455
199
0
0
199
30
18,037
33,408
0
51,445
17,176
0
26,532
0
26,532
21,008
0
26,532
0
26,532
21,008
87,719
60,621
0
148,340
110,721
2021

HUNGERFORD PAROCHIAL CHURCH COUNCIL NOTES TO THE 2021 FINANCIAL STATEMENTS

3 Fixed assets - Investments

Diageo
Glaxosmithkline
Siemens AG
Siemens Energy
J P Morgan US equity
National Grid
Blackrock North AM
UK Gov 4.5% ind linked
Imperial Brands
Aberdeen New India
Mountview Estates
Allianz Technology
Novartis SG
Blackrock FM
Scot Mortgage Invest
WPP
Standard Life
Blackrock FM
Matthews International
J P Morgan Asian
Investec Diversified Fund
Impax Environmental
Baillie Gifford
Henderson Diversified

Cost at
01/01/21 Additions
Disposal
Cost at
31/12/21
Market
value at
01/01/21
Additions
/(disposal)
at market
value
Gain/Loss
in market
value
Market
Value at
31/12/21
£
£
£
£
£
£
£
£
5,867
0
0
5,867
12,951
0
5,211
18,162
12,621
0
0
12,621
10,400
0
2,051
12,451
10,140
0
0
10,140
14,252
0
2,995
17,247
0
0
0
0
1,815
0
(547)
1,268
18,615
0
0
18,615
26,605
0
6,643
33,248
12,058
0
0
12,058
11,894
0
2,678
14,572
14,417
0
0
14,417
14,089
0
3,187
17,276
20,700
0
0
20,700
20,910
0
303
21,213
12,351
0
0
12,351
4,990
0
264
5,254
9,936
0
0
9,936
13,350
0
2,150
15,500
13,218
0
0
13,218
15,180
0
2,040
17,220
10,237
0
0
10,237
34,155
0
6,383
40,538
10,713
0
0
10,713
13,845
0
(833)
13,012
11,034
51
0
11,085
13,433
51
(1,352)
12,132
8,004
0
0
8,004
23,916
0
2,433
26,349
9,949
0
0
9,949
4,480
0
1,789
6,269
9,986
0
0
9,986
13,967
0
2,895
16,862
14,955
0
0
14,955
16,304
0
1,519
17,823
15,000
0
0
15,000
17,924
0
(409)
17,515
15,115
0
0
15,115
19,460
0
(1,440)
18,020
14,934
0
0
14,934
14,702
0
(327)
14,375
10,492
0
0
10,492
11,471
0
3,380
14,851
10,500
0
0
10,500
12,063
0
1,306
13,369
15,485
0
0
15,485
16,302
0
(1,753)
14,549
286,327
51
0
286,378
358,458
51
40,566
399,075
At Cost
At Market value

HUNGERFORD PAROCHIAL CHURCH COUNCIL NOTES TO THE 2021 FINANCIAL STATEMENTS

4 Current assets Debtors Income tax recoverable 5 Cash at bank NatWest current account NatWest Business Reserve NatWest Fabric Fund Charles Stanley capital account Charles Stanley income account 6 Restricted Legacy Reserve G Bullock Dr Hope	2021 £ 5,436 5,436 95,827 0 0 13,088 1,174 110,089 0 0 0	2020 £ 6,820 6,820 866 113,468 1,916 14,429 1,166 131,845 50,000 1,000 51,000

Both legacies are restricted and to be used solely for the maintenance and improvement of the fabric of St Lawrence Church

These legacies have now been released into the Designated Fabric Fund to help cover the costs pertaining to the re-ordering of the church, now being incurred.

7 St Lawrence General Fund Unrestricted Fund 8 Designated Funds Youth Worker fund Music Fund Fabric fund	512,921 445,723 512,921 445,723 Balance at 1 /1/21 restated Income Expenditure Transfer Balance at 31/12/21 15,586 0 (681) 0 14,905 8,470 11,180 (33,408) 13758 0 0 4,686 (26,532) 51000 29,154 24,056 15,866 60,621 64,758 44,059

Designated Funds form part of the unrestricted Funds in note 7 above

HUNGERFORD PAROCHIAL CHURCH COUNCIL

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF THE HUNGERFORD PAROCHIAL COUNCIL

I report on the accounts of the Hungerford Parochial Church Council for the year ended 31 December 2021

Respective responsibilities of trustees and examiner

It is my responsibility to

Examine the accounts under section 43 of the 1993 Act

To follow the procedures laid down in the General Directions given by the Charities Commission (under section 43(7) of the 1993 Act) and

To state whether particular matters have come to my attention

Basis of independent examiners report

Independent examiners report

In connection with my examination, no matter has come to my attention

1 Which gives me reasonable cause to believe that, in any material respect, the requirements To keep accounting records in accordance with section 41 of the 1993 Act and

To prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 1993 Act have not been met or

2 To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached

…………………………………………………………..

Peter Davies FCA Sunrise Chapel Lane Hermitage Thatcham RG18 9RL

HUNGERFORD PAROCHIAL CHURCH COUNCIL STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2021

GENERAL FUND

2020
£
121,416
362
10,349
4,984
0
137,111
0
72,537
17,176
21,008
110,721
26,390
0
26,390
14,774
41,164
455,559
41,164
496,723

HUNGERFORD PAROCHIAL CHURCH COUNCIL BALANCE SHEET AS AT 31 DECEMBER 2021

Notes INVESTMENTS 3 CURRENT ASSETS Bank balance 5 Sundry Debtors 4 CURRENT LIABILITIES Creditors and Accruals Net current assets less current liabilities Total net assets less liabilities Represented by St Lawrence General Fund 7 Restricted Legacy reserve 6	2021 2020 £ £ 399,075 358,458 110,089 131,845 5,436 6,820 115,525 138,665 1,679 400 113,846 138,265 512,921 496,723 512,921 445,723 0 51,000 512,921 496,723

HUNGERFORD PAROCHIAL CHURCH COUNCIL NOTES TO THE 2021 FINANCIAL STATEMENTS

1 Accounting Policies

Basis of financial statements

The financial statements have been prepared in accordance with the Church Accounting regulations 2006 together with applicable accounting standards and the FRS102 SORP

Fund accounting

Unrestricted funds 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 resources

Resources expended

Fixed Assets

Consecrated and benefice property is not included in the accounts in accordance with section 10(2)a and (c ) of the Charities Act 2011.

HUNGERFORD PAROCHIAL CHURCH COUNCIL

Notes to the 2021 Financial Statements

1 Incoming resources

HUNGERFORD PAROCHIAL CHURCH COUNCIL Notes to the 2021 Financial Statements

HUNGERFORD PAROCHIAL CHURCH COUNCIL NOTES TO THE 2021 FINANCIAL STATEMENTS

3 Fixed assets - Investments

HUNGERFORD PAROCHIAL CHURCH COUNCIL NOTES TO THE 2021 FINANCIAL STATEMENTS

4 Current assets Debtors Income tax recoverable 5 Cash at bank NatWest current account NatWest Business Reserve NatWest Fabric Fund Charles Stanley capital account Charles Stanley income account 6 Restricted Legacy Reserve G Bullock Dr Hope	2021 £ 5,436 5,436 95,827 0 0 13,088 1,174 110,089 0 0 0	2020 £ 6,820 6,820 866 113,468 1,916 14,429 1,166 131,845 50,000 1,000 51,000

Both legacies are restricted and to be used solely for the maintenance and improvement of the fabric of St Lawrence Church

These legacies have now been released into the Designated Fabric Fund to help cover the costs pertaining to the re-ordering of the church, now being incurred.

7 St Lawrence General Fund Unrestricted Fund 8 Designated Funds Youth Worker fund Music Fund Fabric fund	512,921 445,723 512,921 445,723 Balance at 1 /1/21 restated Income Expenditure Transfer Balance at 31/12/21 15,586 0 (681) 0 14,905 8,470 11,180 (33,408) 13758 0 0 4,686 (26,532) 51000 29,154 24,056 15,866 60,621 64,758 44,059

Designated Funds form part of the unrestricted Funds in note 7 above

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HUNGERFORD PAROCHIAL CHURCH COUNCIL

FINANCIAL STATEMENTS

INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF THE HUNGERFORD PAROCHIAL COUNCIL

Respective responsibilities of trustees and examiner

Basis of independent examiners report

Independent examiners report

HUNGERFORD PAROCHIAL CHURCH COUNCIL STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2021

GENERAL FUND

HUNGERFORD PAROCHIAL CHURCH COUNCIL BALANCE SHEET AS AT 31 DECEMBER 2021

1 Accounting Policies

Basis of financial statements

Fund accounting

Incoming resources

Resources expended

Fixed Assets

Notes to the 2021 Financial Statements

1 Incoming resources

HUNGERFORD PAROCHIAL CHURCH COUNCIL Notes to the 2021 Financial Statements

3 Fixed assets - Investments

HUNGERFORD PAROCHIAL CHURCH COUNCIL NOTES TO THE 2021 FINANCIAL STATEMENTS

HUNGERFORD PAROCHIAL CHURCH COUNCIL

FINANCIAL STATEMENTS

INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF THE HUNGERFORD PAROCHIAL COUNCIL

Respective responsibilities of trustees and examiner

Basis of independent examiners report

Independent examiners report

HUNGERFORD PAROCHIAL CHURCH COUNCIL STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2021

GENERAL FUND

HUNGERFORD PAROCHIAL CHURCH COUNCIL BALANCE SHEET AS AT 31 DECEMBER 2021

1 Accounting Policies

Basis of financial statements

Fund accounting

Incoming resources

Resources expended

Fixed Assets

Notes to the 2021 Financial Statements

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