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
4. Statement of Financial Activities 5. Balance Sheet 6-11. Notes to the Accounts
1.
## **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**
2.
## **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:
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.
A P Williams FCCA CTA A J Carter & Co Chartered Accountants
22b High Street Witney Oxon OX28 6RB
13th April 2022
4.
## **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
5.
## **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**
6.
## 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.
7.
## **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|
8.
## **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**
9.
## 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**
10.
## 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**
11.
## 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|