ST PETER AND ST PAUL HAMBLEDON PAROCHIAL CHURCH COUNCIL FINANCIAL STATEMENTS for THE YEAR ENDED 31 DECEMBER 2017

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1 ST PETER AND ST PAUL HAMBLEDON PAROCHIAL CHURCH COUNCIL FINANCIAL STATEMENTS for THE YEAR ENDED 31 DECEMBER 2017

2 Financial Statements ST PETER AND ST PAUL, HAMBLEDON PAROCHIAL CHURCH COUNCIL MEMBERS' REPORT FOR THE YEAR ENDED 31 DECEMBER 2017 PAROCHIAL CHURCH COUNCIL OF ST PETER AND ST PAUL HAMBLEDON Priest in Charge Revd. Canon Robin Coutts - retired 26th November 2017 The Vicarage Church Lane HAMBLEDON Hampshire PO7 4RT Banks: Lloyds TSB 272 London Road WATERLOOVILLE Hampshire PO7 7HN Co-operative Bank PO Box Balloon Street MANCHESTER M60 4EP Independent Examiner Mr. W E Hurst Two Oaks World s End HAMBLEDON Hampshire PO7 4QU

3 Financial Statements ST PETER AND ST PAUL, HAMBLEDON PAROCHIAL CHURCH COUNCIL MEMBERS REPORT FOR THE YEAR ENDED 31 DECEMBER 2017 STATEMENT OF RESPONSIBILITIES The members of the Parochial Church Council are required to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the PCC and of the surplus or deficit of the PCC for the period. In preparing those financial statements the PCC are required to: Select suitable accounting policies and then apply them consistently. Make judgements and estimates that are reasonable and prudent Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the PCC will continue in operation. The members of the PCC are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the PCC. They are responsible for safeguarding the assets of the PCC and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. So far as the members of the PCC are aware, there is no relevant financial accounts information of which the PCC s independent examiner is unaware and each member of the PCC has taken all the steps that he or she ought to have taken as a member of the PCC in order to make himself or herself aware of any financial account information and to establish that the PCC s independent examiner is aware of that information. Approved by the PCC and signed on its behalf by: Signature. Name. Position.. Date..

4 Financial Statements ST PETER AND ST PAUL, HAMBLEDON PAROCHIAL CHURCH COUNCIL MEMBERS REPORT FOR THE YEAR ENDED 31 DECEMBER 2017 STATEMENT OF RESPONSIBILITIES (Continued) The Parochial Church Council Members present their report and accounts for the year ended 31 December The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the PCC s governing document, the Charities Act rd edition [2006] and the Statement of Recommended Practice, Accounting and Reporting by Charities, 2005 revisions. Structure, governance and management The Church of St Peter and St Paul is situated at the top of the High Street, Hambledon. It is part of the Diocese of Portsmouth within the Church of England. The correspondence address is The Vicarage, Church Lane, Hambledon, Hampshire PO7 4RT. The Parochial Church Council [PCC] is a charity excepted from registration with the Charity Commission. PCC members who have served from the 2017 APCM until the date this report was approved are: The Revd. Canon Robin Coutts Priest in Charge and Chairman until his retirement on November 26 th From November 27 th 2017, the Church Wardens shared the role of Acting Chairman of the PCC. The Priest in Charge role is vacant. Readers: Mrs. Betty Spiller, Mrs. Gillian Hurst, Mr. Graham Parr and Mr. James Blott Church Wardens: Mrs. Rachel Houlberg and Mr. Robert Solomon Representatives on the Deanery Synod: Mrs. Ann Bazalgette, Mr. Robert Solomon and Mrs. Rachel Houlberg Representative on the Diocesan Synod: Mr. Robert Solomon Representative on Bishops Council: Mr. Robert Solomon Elected Members: Mr. Paul Foster (Chairman Fabric Committee); Mrs. Janet Harrison; Mrs. Ann Bazalgette; Mr. Mike Burridge; Mr. James King; Mr. Frank Luard; Mrs. Pat Crew; Mrs. Janet Hammerton, Co-opted Members: Mrs. Liz Quinn; Mrs. Virginia Palmer Appointed Members: Mr. Jim Twiney, Treasurer, Miss Marie Leafhead, Secretary Ex officio members: Mr. Robert Solomon (Vice Chairman), Mrs. Rachel Houlberg (Vice Chairman), Mr. Graham Parr (Lay Reader)

5 The rule of appointment of PCC members is set out in the Church Representation Rules. All Church attendees are encouraged to register for the Electoral Roll and stand for election to the PCC. Objectives and activities St Peter & St Paul s PCC has the responsibility of co-operating with the Priest in Charge, Revd. Canon Robin Coutts [until he retired on 26/11/17], in promoting in the ecclesiastical parish the whole mission of the Church - pastoral, evangelistic, social and ecumenical. It also has maintenance responsibilities for the Church of St Peter & St Paul, Hambledon. Financial Review The aims of the PCC are to support: The Priest-in-Charge personally and his work in the Parish, Deanery & Diocese The development of the organisations working with the Church. Planned giving to Christian organisations Home and Overseas The maintenance of the fabric of the church and care of the churchyard In 2017 total receipts were 114, The payments in respect of providing Christian Ministry and maintaining the building were 102, The PCC is extremely grateful to all who support the Church in any way - time, talents and money. The parish quota and deanery contribution was 60, an increase of 2,166 compared with The Hambledonian income exceeded expenses by Notes to the accounts: 1. The accounts have been prepared in accordance with the Church accounting regulations - the Statement of Recommended Practice, Accounting and Reporting by Charities, issued in March 2005 and the Charities Act 1993, 3 rd edition [2006]. 2. There are no staff costs. A fee of 550 per quarter has been paid to the choirmaster. Other volunteer organists are paid travelling costs and a small fee. 3. The funds do not need to be audited for the year to 31 December 2016 as the income remains below the audit threshold. Mr. W E Hurst kindly acted as Independent Examiner 4. Missionary & Charitable giving included the Bishop's Lent Appeal, CMS, Childrens Society, IDWAL, Paulsgrove, Mothers' Union,. The Remembrance Day collection of was divided equally between The Royal British Legion and Combat Stress. Reserves Policy It is PCC policy to maintain a balance on unrestricted funds which equate to approximately six

6 months unrestricted payments to cover emergency situations that may arise from time to time. The Parochial Church Council Members consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the current activities of the PCC while consideration is given to ways in which additional funds may be raised. Statement of Parochial Church Council Members Responsibilities The Parochial Church Council Members are responsible for preparing the accounts in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. Law applicable to charities in England and Wales require the Parochial Church Council Members to prepare accounts for each financial year which give a true and fair view of the PCC s financial activities during the year and of its financial position at the end of the year. In preparing accounts giving a true and fair view, the Parochial Church Council Members should follow best practice and: Select suitable accounting policies and then apply them consistently. Make judgments and estimates that are reasonable and prudent State whether applicable accounting standards and statements of recommended practice have been followed, subject to departures disclosed and explained in the accounts; and prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The Parochial Church Council Members are responsible for keeping accounting records that disclose with reasonable accuracy the financial position of the PCC and which enable them to ascertain the financial position of the charity and which enable them to ensure that the accounts comply with the Charities Act 1993 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

7 STATEMENT OF ASSETS AND LIABILITIES HAMBLEDON ST PETER & ST PAUL AS AT 31/12/2017 Current Assets Co-oP Bank Account 7, , Lloyds Bank Account 55, , CCLA 75, , Accounts receivable Less liabilities Accounts payable: Cheques not yet presented 3, , Net assets 135, , Represented by: Fund Unrestricted Designated Endowment General 31, , , , , Fabric 48, , , Churchyard 1, , , TOTALS 31, , , , , Churchyard Fund - sub fund of the general fund Cost of maintaining the Churchyard 2, , Income: Dividend & Interest from endowed funds Income from mowing Glebe land , Net cost to Church funds 1, The cost of mowing increased from 1, to Income from mowing Glebe decreased from 1550 [which represented two years] to 715 representing one year. The dividend & interest reduced meaning that there was a net cost to the general PCC fund of 1,521.56

8 Endowment Funds 97 Shares in COIF Charities Investment Income Units A/c T Value at , Value at , Gain during the year plus income 416 shares Cof E Fixed Interest [Income] A/c F - Churchyard Value at Value at Loss during year income CB of F Investment Income Units Value at , Value at , Gain during year income Shares CBF Cof E Fixed Interest Securities Income Fund Value at , Value at , Loss during year income 61.76