BAMEYON WITH CLANFIELD PCC Accounts- 31 December 2021
BAMPTON WITH CLANFIELD PCC
Charity number 1194158
Accounts – 31 December 2021
INDEX
-
1-2. Report of the Trustees and General Information 3. Independent Examiner’s Report to the Directors
-
Statement of Financial Activities 5. Balance Sheet 6-11. Notes to the Accounts
BAMPTON WITH CLANFIELD PCC
REPORT OF THE TRUSTEES
for the year ended 31 December 2021
The Trustees are pleased to present their annual report and financial statements of the charity for the year ended 31 December 2021 .
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and complies with the Charity’s governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice (second edition) and Financial Reporting Standard FRS 102.
Reference and Administration Details
The charity’s name is Bampton with Clanfield PCC. The charity has recently registered with the charity commission under charity number 1194158.
Trustees
The Trustees and officers who served during the year and since the year end were as follows:
Mr J Ordish Mrs D Jacobs Ms J Cottrell Mr M Albert Ms F Farmer Mr R Chapman Mr B Torrington Mr D Clare Mr P Humphreys Ms L Fiennes Mr C Holt Dr J Hillier Mr D New Dr R Preston Mr P Saunders Mr D Jacobs Ms J Wells Mrs E Stevens Mrs T Alford
Ex-Officio PCC members were as follows:
Revd J Collier - Chair Revd Dr T Kuin-Lawton
Objectives and Activities
The main objects of the PCC are to promote in the Parish of Bampton and Clanfield the whole mission of the Church, pastoral, evangelistic, social and ecumenical. In practice these matters are fully delegated to the four Community Church Councils of Bampton, Clanfield, Aston and Shifford and Lew.
In planning the activities of the charity the trustees have considered the Charity Commission’s guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion.
Achievements and Performance
The charity continues to run the four Community Church Councils of Bampton, Clanfield, Aston and Shifford and Lew serving the local communities and surrounding areas.
Financial Review
The total income for the year was £207,115 and total expenditure on charitable activities amounted to £130,981.
Reserves Policy
The trustees have examined the charity’s requirements for reserves taking account of the main risks to the organisation. The majority of income is derived from regular gifts and donations. The charity seeks to ensure that these are in excess of budgeted expenditure thereby ensuring that adequate reserves are maintained.
BAMPTON WITH CLANFIELD PCC
REPORT OF THE TRUSTEES
for the year ended 31 December 2021 ( Continued)
Structure, Governance and Management
Governing Document
The responsibilities of the Community Church Councils are laid down in the document Synodical Structure of the Parish, which was adopted by the Parochial Church Council on 24[th] November 1994.
Appointment of Trustees
The trustees keep the composition of the PCC under review and will seek to appoint additional members with appropriate skills and expertise should the need arise. Interested parties are given details of the background of the charity in order to make them aware of current activities.
Approved by the trustees on 11th April 2022 and signed on its behalf by:
D Clare ………………………………….. Trustee
Bampton
BAMPTON WITH CLANFIELD PCC
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES
I report to the trustees on my examination of the accounts of Bampton with Clanfield PCC for the year ended 31st December 2021.
Responsibilities and Basis of Report
As the charity’s trustees 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 my 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:
-
accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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.
A P Williams FCCA CTA A J Carter & Co Chartered Accountants
22b High Street Witney Oxon OX28 6RB
13th April 2022
BAMPTON WITH CLANFIELD PCC
Statement of Financial Activities (including an income and expenditure account) for the year ended 31 December 2021
| Note Income from: Donations and legacies 2 Charitable activities 3 Other trading activities 4 Investments 5 Other 6 Total incoming resources Expenditure on: Raising funds Charitable activities 7 Other Total expenditure Net income/(expenditure) and net movement in funds for the year Transfer between funds Realised gains/(losses) on investments Unrealised gains/(losses) on investments Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted Restricted Total Funds Funds Funds 2021 £ £ £ 177,179 - 177,179 851 - 851 16,948 - 16,948 9,778 245 10,023 2,114 - 2,114 206,870 245 207,115 88 - 88 130,893 - 130,893 - - - 130,981 - 130,981 75,889 245 76,134 268 (268) - - - - 26,264 3,139 29,403 102,421 3,116 105,537 244,823 28,193 273,016 £347,244 £31,309 £378,553 |
Total Funds 2020 £ 88,923 910 9,806 9,053 600 |
|---|---|---|
| 109,292 | ||
| - 176,766 - |
||
| 176,766 | ||
| (67,474) - 26 (27,910) |
||
| (95,358) 368,374 |
||
| £273,016 |
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derives from continuing activities.
The notes on pages 6 to 11 form part of these financial statements
BAMPTON WITH CLANFIELD PCC
BALANCE SHEET as at 31 December 2021
| Note Fixed assets Tangible assets 11 Investments 12 Total fixed assets Current assets Debtors 13 Cash at bank and in hand Total current assets Liabilities Creditors falling due within one year 14 Net current assets Total assets less current liabilities Creditors:falling due after more than 1 year 15 Provisions for liabilities Total net assets 16 The funds of the Charity Restricted income funds 17 Unrestricted income funds 17 Revaluation reserve Total unrestricted funds Total charity funds |
2021 £ - 320,364 320,364 6,240 99,479 105,719 8,844 96,875 417,239 38,686 £378,553 31,309 347,244 - 347,244 £378,553 |
2020 £ - 240,961 |
|---|---|---|
| 240,961 | ||
| 6,029 79,238 |
||
| 85,267 5,356 |
||
| 79,911 | ||
| 320,872 47,856 |
||
| £273,016 | ||
| 28,193 | ||
| 244,823 - |
||
| 244,823 | ||
| £273,016 |
These accounts were approved by the board of trustees on: 11th April 2022 and are signed on their behalf by:
D Clare
...................................................... Trustee
The notes on pages 6 to 11 form part of these financial statements
BAMPTON WITH CLANFIELD PCC
NOTES TO THE ACCOUNTS
for the year ended 31 December 2021
1. Accounting Policies
The principal accounting policies adopted, judgments and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
a) Basis of Preparation
The Financial Statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
b) Income Recognition Policies
Items of income are recognised and included in the accounts when all of the following criteria are met:
-
The charity has entitlement to the funds;
-
any performance conditions attached to the items of income have been met or are fully within the control of the charity;
-
there is sufficient certainty that receipt of the income is considered probable; and
-
the amount can be measured reliably.
c) Public Benefit Entity
The Bampton with Clanfield PCC meets the definitions of a public entity under FRS 102.
d) Going Concern
The Trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern.
e) Fund Accounting
Unrestricted funds are available to spend on activities that further any of the purposes of the Charity. Designated funds are unrestricted funds of the Charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for the particular areas of the Charity’s work or for specific projects being undertaken by the Charity.
f) Tangible Fixed Assets
Consecrated and beneficed property of any kind is excluded from the accounts by s96(2)(a) of the Charities Act 2011.
Moveable church furnishings held by the Vicar and Churchwardens on trust for the PCC, and which require a faculty for disposal, are accounted for as inalienable property. All such items have been written off in the year of acquisition.
Other items of equipment used within church premises are also written off in the year of acquisition.
Investments are valued at market value on 31 December.
BAMPTON WITH CLANFIELD PCC
NOTES TO THE ACCOUNTS
for the year ended 31 December 2021 (continued)
2. Income from donations
| Covenants and gift aid Collections at services Gift days and sundry donations Grants and legacies |
2021 £ 69,432 6,332 10,239 91,176 £177,179 |
2020 £ 66,621 5,288 15,664 1,350 £88,923 |
|---|---|---|
Of the £177,179 received in 2021 (2020: £88,923) £nil was restricted funds (2020: £nil) and £177,179 (2020: £88,923) unrestricted funds.
3. Income from charitable activities
| Fundraising 4. Income earned from other trading activity Wedding/funeral fees etc. Contact magazine |
2021 £ 851 £851 2021 £ 16,948 - £16,948 |
2020 £ 910 |
|---|---|---|
| £910 | ||
| 2020 £ 8,846 960 |
||
| £9,806 |
5. Investment income
The majority of the Charity investment income arises from money held with M&G Investments but there are also funds held with CCLA.
6. Income earned from other sources
| Other income | 2021 £ 2,114 £2,114 |
2020 £ 600 |
|---|---|---|
| £600 |
BAMPTON WITH CLANFIELD PCC
NOTES TO THE ACCOUNTS
for the year ended 31 December 2021 (continued)
7. Analysis of expenditure on charitable activities
| Diocesan quota Clergy expenses Upkeep of Church: Repairs Cleaning and maintenance Insurance Heat and light Upkeep of services Upkeep of churchyard Contact magazine Grants and donations Administration Depreciation and loss on sale Governance Total |
2021 Total £ 65,286 10,410 15,991 130 13,521 5,627 6,512 1,613 - 1,220 9,443 - 1,140 £130,893 |
2020 Total £ 65,864 1,058 68,524 293 13,980 7,007 5,141 3,788 223 858 8,950 - 1,080 |
|---|---|---|
| £176,766 |
Of the £130,893 expenditure in 2021 (2020: £176,766), £130,893 was charged to unrestricted funds (2020: £176,766) and £nil to restricted funds (2020: £nil).
8. Net income/(expenditure) for the year
| This is stated after charging: Depreciation and loss on sale Accountancy services |
2021 £ - 1,140 |
2020 £ - 1,080 |
|---|---|---|
9. Analysis of staff costs and trustee remuneration and expenses
The charity trustees were not paid or received any other benefits from employment with the charity in the year (2020: £Nil) neither were they reimbursed expenses during the year (2020: £Nil). No charity trustee received payment for professional or other services supplied to the charity (2020: £Nil).
10. Corporation tax
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
BAMPTON WITH CLANFIELD PCC
NOTES TO THE ACCOUNTS
for the year ended 31 December 2021 (continued)
11. Tangible fixed assets
| Cost: As at 1 January 2021 Additions As at 31 December 2021 Depreciation: As at 1 January 2021 Charge for year As at 31 December 2021 Net book value: As at 31 December 2021 As at 31 December 2020 12. Investments Market value at 1 January 2021 Further amounts invested Withdrawn funds Movement in market value Market value at 31 December 2021 13.Debtors Prepayments and accrued income 14.Creditors: amounts falling due within one year Accruals Loan from Oxford Diocesan Board of Finance Bank loan |
Office Equipment £ 5,198 - |
Total £ 5,198 - |
|
|---|---|---|---|
| 5,198 | 5,198 | ||
| 5,198 - |
5,198 - |
||
| 5,198 | 5,198 | ||
| £- | £- | ||
| £- | £- | ||
| 2021 240,961 50,000 - 29,403 £320,364 2021 £ 6,240 £6,240 2021 £ 1,565 3,996 3,283 £8,844 |
2020 £ 281,667 - (12,822) (27,884) £240,961 2020 £ 6,029 £6,029 2020 £ 1,360 3,996 - £5,356 |
||
BAMPTON WITH CLANFIELD PCC
NOTES TO THE ACCOUNTS
for the year ended 31 December 2021 (continued)
15. Creditors: amounts falling due after one year
| Loan from Oxford Diocesan Board of Finance Bank loan |
2021 £ 11,342 27,344 £38,686 |
2020 £ 15,338 32,518 |
|---|---|---|
| £47,856 |
16. Analysis of net assets between funds
| Tangible fixed assets Cash at bank and in hand Other net current assets/(liabilities) Total |
General Designated Restricted Fund Funds Funds £ £ £ 214,207 81,000 25,157 93,327 - 6,152 (41,290) - - £266,244 £81,000 £31,309 |
Total £ 320,364 99,479 (41,290) |
|---|---|---|
| £378,553 |
17. Analysis of charitable funds
Analysis of movements in restricted funds
| Bampton: Playing field Organ appeal Lady Chapel Refurbishment Fund Clanfield: E White Trust Fund Aston: Bell fund Collections for charities Shifford: Phyliss Gauntelett Graveyard Trust Total |
Balance Incoming Resources Investment 31.12.20 resources expended Gain Transfers £ £ £ £ 5,122 - - 732 - - - - - - - - - - - 8,519 - - 1,209 - 2,280 - - - (78) 98 - - - - 12,174 245 - 1,198 (190) £28,193 £245 £- £3,139 £(268) |
Funds 31.12.21 £ 5,854 - - 9,728 2,202 98 13,427 |
|---|---|---|
| £31,309 |
BAMPTON WITH CLANFIELD PCC
NOTES TO THE ACCOUNTS
for the year ended 31 December 2021 (continued)
Analysis of charitable funds
Analysis of movements in unrestricted funds
| General Funds: Bampton Clanfield Aston Lew Shifford Central account Designated Funds: Altar Frontal Fund Churchyard Monuments Fund Organ Fund Lady Chapel Refurbishment Fund Emergency repair Provision Total |
Balance Incoming Resources Investment 31.12.20 resources expended Gain Transfers £ £ £ £ 61,503 74,570 (80,463) 21,485 - 67,772 23,005 (16,271) 2,210 - 6,175 14,519 (12,825) - 78 14,555 5,737 (5,031) - - 9,990 86,935 (13,919) 2,569 190 3,828 2,104 (2,472) - - 1,000 - - - - 30,000 - - - - - - - - - - - - - - 50,000 - - - - £244,823£206,870£(130,981) £26,264 £268 |
Funds 31.12.21 £ 77,095 76,716 7,947 15,261 85,765 3,460 1,000 30,000 - - 50,000 |
|---|---|---|
| £347,244 |