2021-12-31-accounts - Working Funds In Connection With St Nicholas Church

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Agenda Item 7

Report on proceedings of the Parochial Church Council in 2021-22 and general parish activities

The membership of the Parochial Church Council (PCC) during 2021/2022 was:

Rector (Chair of Council) Churchwardens: +Marian Williams (Vice-Chair) + Rosalind Lawson Secretary: Margaret Davies Treasurer: Linda Chastell +/Michael Chastell (Deputy Churchwarden) Julia Hunt Annabel Harris Stella May (Deputy Churchwarden) Michael More-Molyneux Mark Wilson Mike Winterbotham + ex-officio members * Lay Deanery Synod Representatives / Diocesan Synod Representative

The Council met on seven occasions (including one Extraordinary meeting). The main items for discussion at each meeting are noted here.
7 July 2021 – Future of the ministry in Compton and its funding
1 September 2021 – Safeguarding in the parish, including a training session
3 November 2021 – Discussion with the Archdeacon on future ministry in Compton
12 January 2022 – Review of priorities for the parish in 2022
18 February 2022 (Extraordinary meeting) – Decision on accepting the preferred tender for the North Door project in the light of the Architect’s report on tenders received
16 March 2022 – Our response to the war in Ukraine: and approval of 2021 Accounts
• 4 May 2022- our agenda for responding to climate change, including church energy use

Throughout the year the Council kept COVID restrictions and our pattern of worship under review. The North Door project has been a recurring item, with discussion and approval of the architect’s proposals and expenditure on plans and seeking approval. Plans for developing children’s work in the parish have also been considered at several meetings.

Reports on health & safety and safeguarding have been received at each regular meeting.

The Council resolved on several occasions to apply for faculties; for the conservation and restoration of the East window, for installing the autowinder for the clock, for disposal of a minister’s chair and for the North Door project.

Three new members of the PCC (Julia Hunt, Annabel Harris and Mike Winterbotham) were elected in May 2021, leaving one place vacant. In May 2022, one member (Michael MoreMolyneux) comes to the end of a second term of three years. A second member, Linda Chastell comes to the end of her first three year term, and is eligible for re-election
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General parish activities

The work of St Nicholas church over the past year has been shaped by our response to the pandemic, though with an increasing confidence about how we manage risk and adapt in order to sustain our worship, pastoral care and witness. COVID has been a source of much grief and frustration, with the loss of those we love and the diminishment of many aspects of our life. Paradoxically, it has also provided a stimulus to church life and in many ways we emerge from it stronger and clearer in our purpose. All the extra effort in administration and communication, and reflection on what is happening around us, has paid off.
Throughout the year worship in church and with a congregation has been maintained. Comparison with past years is difficult to make in view of the recent separation from Shackleford and Peper Harow, but numbers attending and connections made have grown during the year. Considerable effort has gone into ensuring the quality of worship, making the most of festivals. The choir led by Steven Salmon our organist has contributed to this since singing in church has become permitted again, and sung Evensong is now a monthly event, often linked to festivals. And we have benefited from the commitment of the bell ringers to chiming most weeks before the 10.30 service and more recently the occasional peal. Thanks are due to Phil and Sally Gorton for gathering and organising the band.
Opportunities for learning and spiritual development of the conventional kind have been limited by the restrictions on meeting. The monthly newsletter has become a main focus, and provided prayer and resources for use in prayer at home. The church’s calendar has set the agenda, and the context for learning, including most recently the Lenten theme of Living Well. In September, for the first time, the Archbishop of Canterbury visited the parish for a mission event at Priorsfield School.
One of the four priorities set by the Bishop for the two years of my interim ministry here is to renew relationships with the village and its institutions. There have been numerous personal contacts over the year, and particular moments when closer links have been formed, including at the August Open Church event, at Remembrance and at festivals when the church building has been open and wonderfully decorated by our flower arrangers, often at times when other buildings have been shut.
Since May 2021, there have been ten weddings and six Baptisms. About once a month on Sundays there is now a gathering of young children and parents in the churchyard, which links with coming to church at festivals. A mid-week group for toddlers and children in Compton has been developed during the year, which will be launched in June/July as a joint church/community project in liaison with Surrey Wildlife Trust and which is being led by Catherine Masterman.
There have been significant developments in the church building. The churchwardens’ report on the fabric gives more detail about the installation of an auto-winder for the clock and the conservation of the East window. Considerable effort has gone into developing the project to reopen the North Door to provide level access. This has both practical benefits but is also symbolic of our desire to open the church for wider access and welcome. All three of these improvements have been made possible through generous donations and grateful thanks are due to those who have contributed. In the churchyard a survey of the site and the gravestones has been completed and a management plan developed for “wilding”, both thanks to Phil and Sally Gorton.
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In October the parish office was moved from Down Hollow to the church vestry, and thanks are due to Marian Williams for her generosity in providing office premises at her house for the past five years. In the process of moving, the functioning of the office has been simplified. A number of historic documents have been sent to the Surrey Record Office. The vestry has been refurbished to accommodate the office. Steph Wilson has continued faithfully through all these changes, and persevered with the production of the monthly newsletter. The PCC agreed in March to explore ways of enhancing the administrative support before the arrival of a new incumbent.
The PCC has done significant work on identifying the future ministerial needs of the parish and how they will be funded. A revised parish profile for the appointment of a new incumbent has been approved as the basis for advertising in the summer. The Council is committed to ensuring a good appointment and a seamless transition to the new ministry. A fuller report on the church’s finances has been provided in the commentary on the Financial Statements. In brief, the Council was assured that the projected cost of Parish Share will be affordable for the church. The current surplus and reserves will provide additional financial security and give the opportunity to invest resources in outreach and developing new initiatives over the next five years and beyond. Thanks are due to Linda Chastell as PCC Treasurer and Michael Chastell as chair of the Finance Committee for their careful stewardship of our finances.
This report is required to include a statement that the PCC has complied with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016, namely the duty to have regard to House of Bishops’ guidance on safeguarding children and vulnerable adults. In particular during the year, the PCC has received a training session on its safeguarding responsibilities and members have completed the Basic Awareness module. Safeguarding issues have been taken into account in the development of new children’s activities. Disclosure and Barring Service (DBS) checks have been made or renewed, as required.
The heart of any church is its members and the community they form. I have been moved and impressed with the many ways in which people at St Nicholas have persevered in worship and service through the past year in spite of its difficulties, and managed also to move the church’s life forward. During the year we have lost two remarkable servants of the village as well as its church in Margaret Benwell and Margaret Arnold; we do our best to live up to their great example. Thanks are due to the PCC, and particularly to Michael More-Molyneux at the end of his six year stint on the Council, and to Marian Williams and Ros Lawson for their leadership as churchwardens through a choppy year, made more difficult by their quixotic incumbent. The church also owes a debt of gratitude to Jenny Lee for her ministry, and whose generous support I value enormously.

The Revd Julian Hubbard Rector April 2022

St Nicholas, Compton Financial Statements of the Parochial Churcb Council for the year ended 31 Decemkr 2021 Contents Accounts: Ststement of movem¢nts on fund accounts Accounting w)licies and basis of preparation CJeneral Fund- income and eXnditllre 2CCOUDt Fabric Fund - income and expenditure account Balance sheet Independent ¢xaminerfs reFM)rt Page

st Nicholas Church Compton Annual report and accounts for the year ended 31 December 2021 Ststement of financial #¢tivilies Unr&neIedfUnS General fund Resth"cted Furtils Fabrie ScbrM)I Totsl Funds Totsl Funds Total GeTrer•l Ulld FbYk IW. led 2021 2020 Mov¢meDt$ tbe year Total incoming r¢source5 Totsl outgoing resouw¢s 67,77i 50.150) ( 15 67,788 148) ( 50,298) 17,490 3.043 11.521 ( 11,521 75,507 { 76,434) 927) 2,113 ( 61,819) 17,492 4.703 Revaluation olunits Transfers between funds lus/(de ettr 3.043 1.660 20.666 ( 20,5ii 22.195 1,186 Balgnce brou htforward l Jan 21 115.510 30,598 146,108 11,549 2,865 160,522 159,3)6 Balance curnedfonvord 31 Dee 2021 l J6.176 30,465 166.641 2.867 182.717 160.522 2021 PCCACCAD#21)rar¢nd- 25A)3r2022 lof6

St Nicholas Church Compton Annual report and accounts for the year ended 31 December 2021 Ac¢ounting policies alld basis of pr¢paratioD The financial statements of the PCC have been prepared in accordance with the Church Accounting Regulations tosdher with appIlb]C AOUntIng Standards and thc Ctwitics SORP. They have been prep on the histori} cost convention except for the revaluation of investment a55ets which are shoivn at market value in the statement of assets and liabilities. The a¢¢ounts include all transactions, assets and liabilities for which the PCC can k held Tesponsible. 'I'h¢y do not include accounts of other church groups that owc an arriliation to another iKKly. nor those that are infornial gatherings of church mem1. Fund aceounls The financi&l affairs of the PCC are conducted through a numiw of fijnd accounts. Restricted fijnds can only be applied for spccifjed purposes. Dignated funds are those which the PCC has designaied for particular putp)ses. The General Fund is an unrestricted nd available for the regular activities of the PCC. The PCC hag designated part of this fwid to th¢ Fabric shown alKJve as Fabric Designated General Fund. The Fabric Fund is a restricted fund for the iEtiproveTtienL maint¢nan¢e and upkecp of ihc fabric of the church. The School Fund is a restricted fund which May only te applied for uCationa] purp)ses. Incopnlng re.sourc&s Coll¢¢lions are r¢¢ognised when received by or on IKha]fof the PCC. Planned giving receivable under Gift Aid is rognIsed only when received. Inwm¢ tax rc¢ov¢rabl¢ on Gift Aid donations is recognised when the a550ciaied income 15 recogni5ed. Grants and legacies to Ihe PCC are attounted for as soon as the PCC is notified of its legal entit]emen¢ the amount due quantifiabl¢ al its ultitnate receipt by Ihe PCC is reasonably certain. Sales of books and maga7ines are ac¢ounled foT gross. &s is income from churth events. Dtvidends from investment units are accounted for when due and payable. Interest entitlements are reeognised they accrue. Realised gains or losses are recognised when investhients att sold. lJnrealiscd gains or losses are a¢¢ounted for on revaluaiion of inv&%tments al JI DecctnlKr. Grants and donations are accounted for whcn paid ovcr. or when awarded if the award creates binding obligations. Donated facilities and services are included in incorne land at ihe same time in resources expended) at estimated fair value to the PCC for Ihe 5ervi¢e or fa¢ility received. The Ve of any voluntsry help received is not included in the accounts bul is descrikd in the Trustre's Annual Rep)rL Assets Insofar as ¢on5eGrat¢d and benefice property of any kind is excluded from the statutory definition of'charity, by Section 10{2) (a) and (c) of the Ch&ities Act 201 I, such &ts are not (xpitajised in the financial statements. Movable church furnishing are capilalised at cost and depreciat1 over their useful economic life other than whe insufficient cost infomation is available. In this c&8e the iiem is not eapitalisc(E though all it¢ms or¢ included in the church's inventory which can be inst*cted by agreement. Tangible fixed wets are capitalis¢d if th¢y Can b¢ used for moff than one year and their cost exceeds £500. They are valued at ¢0gL or else for gifts in kind at a reasonable estimatc of thcir on markct va]uc on receipt. Depreciation is calculated to write off ihe capitdlised cost of fixed L8sets l¢ss th¢ir rurrcntly anti¢ipalcd rc5idual fair value over their estitnated useful lives as follows- planL machinery (including electronic equipment) J-7 ycars. All expellditure incurred in the year on consecrat1 or Etneficed buildings is written off. Office equipment is d¢pre¢iat¢d on a straight line basis ov¢r four years. plant dnd machinery over seven years. Investments are valued at markei value as il December. Book stocks are accounted for at Yirst in fjrst our cost. Short tcrni deposits include held on dewjsit with either the CCLA Church of England Funds or at the bank. Expenditure & liLbililié.f Liabililies are Tecognised as soon &5 there is a legal or constructive obligation and settlement is PTobable and qU¢intttiable. The PCC employed part time organists, s#rdari¢s and a gard¢ncr but no rAyrnents were large enough in the previous or current years to attrdct social security costs. Key management personnel received no employee benefits. Relaledpt71ty Irausacrfious are sel oul onpage 4 Responsibility ststemellt Th¢s¢ acwunts are the r¢sw)nsibility of Compion PCC and were approved bv them on 16th March 2022. 2021 PCCACCAtk¢21 ytar d- 25ffj3r2022 2of6

St Nicholas Church Compton Annual report and accounts for the year ended 31 December 2021 General fund- income and expenditure aeeount 2021 Year 2020 Yr I Intome 1.] Incum¥from donaiions alld Ivgacies Stsnding orders under gift aid Free will offering5 and gifts Collections at services under gift aid- church funds Donations Jncludins in kind £800 {2020 - £1,000) s¢¢ relata partie4 (2020 Includes £3,724 for car park repai, £2,302 from magazine {see Related Parties) and £5.165 under gift aid. Some £IO.000 was received from T)arishion¢TS in r¢spon5e to the imw of lock down me&sures on PCC financ.} Tax refunds on gift aid Church box and gift xeS 36.465 2.750 10,344 1.650 30,460 2,450 8,147 20,568 11.766 942 63,917 3,000 167 689 11.i60 911 73.896 14 84 1,033 1.2 Incomefrom ckurch activities- wedding &fvneralfees 1.3 Bookntall in¢ome- sales ofgmide books. book¥, magazines. Ca etc. 1.4 Inveslmenl income (Jnteresl on invesimeni tiniis & deposii tttrowii) 67,773 75,027 Expenditure on chureb activities 2.1 Cosrs o]'minisiry Parish sharc payable to the Dto¢¢s¢ Priest in charge's expenses OrganisL relief organists & relief clergy Rectory outgoings {repairs etc.. water rntes. a18fTn. ()fficc computer & phone) Misttllancous PCC expenscs, includes £500 in memoriam charittblc donalions {2020 includes £999 advertisement for new priest) 30.655 35,413 42 2.045 130 1,147 2,450 985 34.090 38.777 2.3 Church running mainlenance Fabric and electrica] repairs, alarn) and sound maintenance and depreciation Hrating and lighting Organ, candles, wine and wafers (2020 includes £1057 c1k repairs at maintenance) Insurance Churchyard (2020 includes £19,816 park r¢paiT5- r¢surfacing). 2.036 2,538 1,737 2224 634 2,621 2.472 21,916 30.664 9.567 2.4 Administration Salaries & wages Office costs (printkn& ph0COpying & postsge. office equipment costs) Independent examinees fees Sundries 3.369 2,854 2,454 670 1.015 6,99i 698 100 Tolal enditure 50,150 76,434 Surplus/(deficil)for Éheye47r 17,623 ( 1,407) ZO21 PCCACCADEc21 cthJ- 25103ll022 3ofO

Sl Nicholas Church Compton Annual report and accounts for the year ended 31 December 2021 Fabric Fund- Ineome and expendKture aetount 2021 2021 2021 Total 21b20 Total Restrkted Umr'd Income Fabric donaiions- Notth Dwr £4.830. East Window gla&s £1.189. lock windcr £4,250 VAT recoverable on clock winder costs Interesi (including £330 on invesmieni units. 2020- £324) 10269 10.269 916 336 916 351 15 468 TDlal income Expendire North d(KJr project- arcbitect's fees Repairs to East Window glass Clock winder and related works 11,521 15 IL,536 468 4.387 1,189 5,945 148 4.535 1.189 5,945 11.521 148 11.669 Deficit/surplusfor theyeqr 133) 133) 468 Following the 2018 Quinquennial fabric inspection. Tepairs are Ing undertaken to the E&gt Window gtsitted glass costing some £5,(MM). Ii is anticipated thai these COSLS will be fro grants and donations. Th¢ PCC has approv the North D(M)r project that wilL iDter-aliL improve acc8 lo the chukrFL The cost will be some £40,000. the majority Of which is antiripatcd to be fimded by donations. Related organi5atioDS related party traDSartiOnS Until 315t Match 2020 Cotnpton PCC was in a United Benefice with Shackleford & Peper Harow PCC sharing a Priest in Chargc. Thc Rcclory and bcncficc otTLCC were located in Compton alld a prOn10n ofoffice costs (including secretarial and staiionery Costs) and Priest in Charge costs incurred by Compton were rrcharged to Shackleford & PcFKr HaTOW PCC. Costs wcrc rcchargcd on an acrual basis. of 213 Compton to 113 Shackleford & Peper Harow PCC, or by agreernent. During 2021 £nil (2020- £4,659) was received from Shackleford & Peper Harow in respect of recharges and £nil12020- £m"l) is included in debiors. Cotnpton PCC had a joint magazille with Shacklefoid aud Peper Haryiw PCC. Th¢ magazin¢ produ¢¢d s¢parat¢ accounts which are nor included herein. Following the end olthe United Bentfice the rnagazine w&s closed ill 2020 and £4,634 distributed by the magazine account to Compton and Sbackleford & Peper Harow in equal portions. The majority of PCC donations to the church are through standing order or through gjft atd envelopes. In addition, PCC members make cash donations from time to time which are not sq)araied from those of other m¢mb¢rs of the ongTegation. The estimated total donations frorn members of the PCC during the year was £9,464 {2020- £10.175). In addiiion in 2020 a donation of £2.(MJO was re1ved from a charity related to a PCC mernber. The PCC is grateful to Mrs Williams Ichurchwardenl for use of officc space in a convcncd garag¢ for which no charge was made. The PCC'S estimate of the fair value of thls gth is £8(Kl for the period to October 2021. after which the office movcd to thc church, and is includcd in both donations and officc costs12020- £1,(KK>I. 7510 of the 2016 gardge ¢onversion cost of £4.(KM) was shated equally by tbe Compioll and Stmckieford & P¢per Harow PCCS. Charltable donatlons These accounts do not includ¢ thos¢ donations raised for other charities through the activities of the church. or paTi%hioneTS. ZOZI PCCALCADw2l Flual. I&X1&2022 4offj

St Nicholas Church Compton Annual report and accounts for the year ended 31 December 2021 Balance sbeet 31-De¢ 21121 31-De¢ 2020 Fiyéd rtwets InvestTneDts- CBF Income Sbares- see note below Tangible flxed assets- computer- s¢¢ noie below CMrreMI wsets Dcbtt)rs and pryym¢nts Collunitted donatio gift aid ta4 prepaymen and VAT Deposit accounts with ihe Centra] Board of Finance Cieneral Fund Fabric Fund Sch1 Fund Cash at bank Total dep)sit$ and ¢&8b 37.418 550 32,715 9.642 4,635 85,166 29.981 2,867 18.973 136,987 75,166 29,966 2,805 18,228 126.225 Totsl currenl 4swts 146,629 130,860 Crcditors and a¢ctwls 1,880) ( 3.053) Total liabililies 1,880 3.053 d&sets 182.717 160,522 Fumd accounts 182,717 160,522 The CBF Chtwch of England Investment Fd- I.MI Income Shares cost at £1.08 per share. their value at December 1975. At 3 1 December 2021 the value per sh#re was £23.38 (2020- 20.45) giving a total value of £37.418 {2020- £32.715). 565 of the Shares are designated to the Fabri¢ Fuu¢J. the remainder are designated to the Getteral Fund. In 2021 a computer was pwchased for £7, £150 deprecIl0S was charge In 2015 sound equipmcnt W&8 tKTrught at a c05t of £7,384 and is fully dcpre¢iatrd. In 2009 a condenser boiler alld radio llJicropboDe were purchased ai a Cost of £6.882 and £793 which are fully deprttiated. Approved by Compton Parochial Church Cowicil on the 16th March 2022 and signed on its behalf by.. Rev J Hubbard Reclor Mrs L J Chastell Treasurer 5of6

St Nicholas Church Compton Annual report and accounts for the year ended 31 December 2021 Independent eLgminer's report to the PCC of St Nicholas Compton This report on the accounts of the PCC for the ycar ended 31 Dember2). which are set out on pages I to 6, Is in respect of an examination wri¢d out under The Regulations of the Chur¢h Accounting Regulations 2006 ('thc Rcgulalions.) and s.145 of the Charili¢s Act 2011 ('thc Act.). Respective responsibililies ofihe PCC und ihv examiner As members of the PCC you Ore resn$1b1e for Ihe preparation of the accounts" you (X)nsider that the audit requirement of the Regulations and section 144(2} of the Aa do not apply. It is our re5rrf)nsibility to issue this report on those accovnts in accordance with the terms of the Regulations. Basis ofthis report Our ¢xamination was carried out in xcordance with the General Dtrections given by the Charity Commi55ion under section 145{5Mb) of the Act and to be found in the Church guidance. 2013 edition, issued by the Finance Division of the Archbishops. Council. That examination includes a review olthe accounling records kept by the PCC and a comparison of the accounts with those trcords. 11 also include5 considering any unusual items or disclosurcs in the accounts and seeking explanatÈons from you Lg trustees concerning aJJy such matters. The pro¢¢dur¢$ undertaken do not provide all the evidence that would be rrquKred in an audil and consequently w¢ do not express an audit opinion on tILe view given by the accowits. Independe171 a¥aminers siaremeni In connection wilh our examin10. no matter has c4)me to our attention: (i) whi¢h gives us reasonable cause to believe that in any matertai resttct the tEquirements io keep accountsng records in accordance with Section 130 of the Aci; and to prepare accounts which accord with the accounting records and comply with th¢ r¢quir¢ments ofthe Ath and ihe Regulations have not en met. or (li) to which. in our opinion, alleniion should drawn in order to enable a Pro underslanding of the accounts Anthony Kelly B.Sc FCA Maple House 2 Woodbeny Clos¢ Chiddingfold Chartered ALcounlanÉ MPrY 2rOiL 2021 PCCACCADec21 Y cryi- 25103r20 6ofO