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2020-12-31-accounts

BRAMSHOTT & LIPHOOK PAROCHIAL CHURCH COUNCIL

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31[st] DECEMBER 2020

May 2021 Registered Charity No 1128142

Page 1 of 22

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31[st] DECEMBER 2020

1. General

1.1 PCC Members

Because of the COVID19 crisis the Annual Parochial Church Meeting was delayed until 15[th] October 2020 and so elections were delayed until that date. So the table below records both the old and new list of PCC officials and members.

Incumbent The Revd Valentine Inglis-Jones Inducted
March 2011
Churchwardens (elected annually): Vivien Chamberlain pre APCM/
KayMurrayPost APCM		 Until 2021
Charlotte Patrick Until 2021
Readers’ Rep: Alan Geddes
Viv Chamberlain Post APCM		 Until 2021
DeanerySynod Reps: Paul Arnold Until 2023
Juliet Bohunpost APCM Until 2023
PCC Elected Members: Hilton Carr Until 2023
(Upto 12 members) Kate Lloyd-Jones Until 2022
Caroline Miller Until 2021
Richard Miller Until 2022
KayMurray/Pre- APCM Until APCM
Maxine Nicholas Until 2023
KatyRamage Until 2022
Vacant
Vacant
Vacant
Vacant
Vacant
Officers:
Treasurer Paul Arnold pre-APCM
Stewart Paterson Post APCM
PCC Secretary Juliet Bohun from January2020
Electoral Roll Officer Paul Arnold - Acting
Elaine Heptonstall from October 2020

Office Address: Church Office, The Ark, Portsmouth Road, Liphook, Hampshire GU30 7DJ Bankers: Lloyds Bank, 3 The Square, Liphook GU30 7AE Registered Charity Number: 1128142

Page 2 of 22

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31[st] DECEMBER 2020 (continued)

1.2 Objects and Constitution of the PCC

The object of the Bramshott and Liphook PCC is to further/promote in the parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical.

As a part of its general promotion of the whole mission of the Church, the PCC provides a benefit to the public by:

This is delivered through and in the context of its vision statement:

Living for the Kingdom of God through prayer, community, encounter and mission.

and values:

Prayer:

We seek to be a people of prayer in all we do, living in awareness of God’s presence in our lives as we listen to God through the Holy Spirit speaking in our prayer life and His word, the Bible

Community

We are a family with Christ as our head and seek to be generous in our hospitality to all, valuing one another for who we are as people made in the image and likeness of God. Encounter

We seek to encounter God in our lives, being open to the Holy Spirit working in and through us to show God’s Kingdom.

Mission

We seek to be a sign and foretaste of God’s Kingdom in our community showing God’s love in power as we step out in faith to invite people into His family.

The Bramshott and Liphook PCC is a body corporate. The composition of the PCC is regulated by the Church Representation Rules as contained in Schedule 3 of the Synodical Government Measure (as amended). The functions and power of the PCC are contained in the Parochial Church Councils (Powers) Measure 1956, as amended by the 1969 Measure.

Elections to the PCC are held annually. All members of the Church Electoral Roll are entitled to vote and stand for election. There is also provision for the co-option of members on to the PCC. The incumbent is ex-officio, a member and the chairman. The role of PCC chair was delegated to Paul Arnold in 2015 and falls vacant following this year’s APCM. The PCC operates through a Standing Committee and a number of Teams.

The PCC is responsible for:

Powers have been conferred on the PCC by the Parochial Church Council (Powers) Measure 1956 to enable the Council to discharge these responsibilities.

Page 3 of 22

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31[ST] DECEMBER 2020 (Continued)

2. REPORTS FROM OFFICERS

2.1 The Rector’s review of the year

2020 will go down in history. A year when the world ground to a halt, a year when many suffered on so many different levels, through bereavement, through loneliness, through financial hardship and through inner or outer anguish as the problems in the lives of many were thrown into sharp relief. Thankfully in Liphook we were spared much of the pain that many in our nation and across the world have had to bear, and yet there was suffering locally and in the midst of it all an amazing church community.

Prayer

I’ve spoken to many who have undergone something of a personal renewal in this time as they’ve discovered once again the reality of prayer, the power of prayer and their need for more of the love of their Father in heaven. It was amazing to see this come to fruition in our Monday evening prayer group that has undergone a renewal as we began to pray earnestly for the needs of the church and the community. It was also amazing to see how the prayer chain has really found a new lease of life. There has been so much to pray for and there are many testimonies to answered prayers.

Fellowship

We’re a church that cares. The initial outpouring of offers for help and the many phone calls, e- mails, shopping trips and lifts just carried on through the year and were a testimony to our fellowship. I personally really enjoyed speaking to everyone and getting in touch through our regular newsletters and cards. It was amazing to see the children joining in! Writing so many cards to our seniors to show how much we all care. Online coffee after our services was also a feature and although tea and company weren’t able to meet in person it was so amazing to see our pastoral team showing the love by their many phone calls. Home groups proved a bit more of a challenge and definitely something that we’ll need to address soon as did our children’s and youth ministries. Nikki Bryant doing sterling work keeping in touch with our many families during the second lock down in October, and although our Zoom youth meetings were a challenge it was a marvellous way of keeping in touch after we had to close our meetings in October.

Drawing Closer to God and God drawing closer to us

This was a year when many of us really did experience our heavenly Father’s love in new ways through prayer, through our fellowship and through our worship which was novel but went online without too much fuss – a lifeline to many of us who longed to meet together in our churches. It was amazing to see just how little God seems to care about whether we worship on Zoom or YouTube Answers to prayer, not least our budget, which really didn’t look at all healthy at the beginning of the year, seemed to be just as common whether we were online or in church. We really noticed this in the prayer ministry team as we did a new training course together as well as our online healing service. But wasn’t it so good when we could meet again for those brief periods over the summer and before Christmas.

Mission

I am so proud of our church because we didn’t just care for each other but really put our money where our mouth is in reaching out to our community. To start a foodbank for a church of our size is a real challenge and it has been amazing to see just how it has blossomed through the year and become a real hub within our community. The Ark Pre-School just kept going – despite all the risks involved our amazing teachers kept coming to school and supporting those families in the community who had key workers or who were in special need. Personally, I really enjoyed engaging with the community in the square over the summer and am hoping to repeat this next year as well as recording all sorts of online messages for our school. Finally it was so amazing to see the enormous effort that many of us made to put on those seasonal services that mean so much to so many in our community. Remembrance was particularly moving as were all of our Christmas services.

Page 4 of 22

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31[st] DECEMBER 2020 (Continued)

There are challenges in the year ahead but I’m really proud to lead our church community so whether you made one phone call or many, whether you received help or gave it give yourself a hearty pat on the back and remember that you have a loving heavenly Father who knows exactly where he’s leading all of us in the coming year.

Revd Valentine Inglis Jones Rector

2.2 Churchwarden with prime responsibility for St Mary’s

We have all been affected in one way and another by the threat of the Corona virus this year, and its effect on the life of the church left us with a year that was far from normal. So many of our activities were curtailed; there is therefore not a lot to report for 2020.

Things were going along as normal until the first national lockdown in March. This meant that St. Mary’s was closed for Sunday worship and there were no services during the Easter period. It was however possible to open the church later for two hours twice a week for private prayer and reflection. What a joy it was to return to a 9 am service on Sunday mornings at the beginning of July!

Church Attendance and Services

For most of 2020 services were severely restricted. Our October figures show and average of 28 adults and one under 16 at our one morning service. We also made the services available on YouTube and an average of 15 people watched them.

We were unable to hold the annual Canada Day service with Liphook Junior School, but we placed flags on all the Canadian graves in the churchyard at the end of June.

We were able to record part of the annual Service of Remembrance in November in the church, followed by the laying of wreaths at the newly refurbished war memorial. The church was decorated at the beginning of December when the recorded service of carols and readings took place. This was available on YouTube where 369 people viewed it. My thanks go to Anna Doedens-Plant for organizing this, to Graham Bint who played the organ, to those who read for us, and to all the choristers who made this such a very special occasion.

The church was kept open during the Christmas period and Holy Communion services were held on Christmas Eve and Christmas Day (106 people attended over four services) when it was such a pleasure for the congregation to take part, albeit behind masks. Thanks go to everyone who helped to decorate the whole church, including our Christmas Tree.

During the year there were 3 baptism and 11 funerals carried out in the Church, with a further 10 carried out by members of the ministry team at a crematorium.

Maintenance of the Church and Graveyard

We were pleased to receive another grant from the Parish Council towards the regular maintenance of the churchyard. Outside, our gardening contractor continues to keep the churchyard in good order, although we were not able to use the services of the Community Payback Team during part of the year. Our bellringers were similarly affected by Covid restrictions.

During the year the guttering in the northeast corner of St Mary’s was altered to address the issue of the damp walls and better drainage installed at the southwest corner adjacent to the cellar. This should hopefully address the issue of water ingress into the cellar during period of rain.

We also arranged on behalf of the Liphook War Memorial Trust to have the table stones of the war memorial replaced with ones of higher durability.

Page 5 of 22

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31[st] DECEMBER 2020 (Continued)

Thanks

My thanks go to our priests Val and Nigel, our Readers Paul, Vivien and Alan, and occasional leaders and preachers. Thank you to everyone who, despite the restrictions imposed, has continued to serve the church and its family during a strange and difficult year. During this time I have been indebted to Paul Arnold and to Vivien Chamberlain, who have helped and encouraged me in my time as Churchwarden. My grateful thanks go to them both.

Kay Murray Churchwarden, St Mary’s

2.3 Report of the Churchwarden with special responsibility for the Church Centre

Thanks

I would like to thank Paul Arnold, who has been kind enough to be responsible for most of the practical jobs that have needed doing at the Church Centre this year, even though they are the Church Warden’s responsibility – thank you so much, Paul!

I would also like to thank all of those on rotas that actually ran in 2020. In particular those who read the Bible readings and prayed on Zoom – thank you for overcoming both technical and practical challenges to support our online service. Also, thank you to Lawrence, Lizzy and Valerie for hosting our Zoom meetings – it is not as easy as it looks, and you coped admirably.

Worship

Because of the difficulties of counting people online – the figures this year are a little less complete. Our average October congregations were 23 adults in church and 10 on-line, with only two children, due to the difficulties of getting children online and mask-wearing in the Church.

2020 2019 2019
children adults children adults
10.30am normal Sunday service
(Pre Lockdown)		 2 33 17 47
Wednesday morning communion 0 7
Special services:
Mothering Sunday - Joint service No Service 40 110
Easter No service at CC 34 70
Christingle - Joint Service 35 40 90
Christmas Day No service at CC No service at CC

Church Office Reordering

If you have visited the Church Office in 2020, you will have noticed that Nikki and Leanne are now “reconfigured” into a single room. This move has enabled us to rent out the other room, plus the cupboard, to the Ark. Which gives them much needed extra space and the Church much needed extra funds. A win-win.

Charlotte Patrick

Churchwarden for the Church Centre

Page 6 of 22

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31[st] DECEMBER 2020 (Continued)

2.4 Treasurer’s Report

Introduction & acknowledgements

This is my first treasurer’s report but, in effect, I am reporting on the kind and excellent efforts of other people. The booking keeping and accounting processes that I have inherited were put in place by Paul Arnold and they will serve the current and future treasurers well. Paul has made himself available to help with the preparation of the 2020 accounts and I hope will continue to offer us the benefit of his experience. The parish was extremely lucky to have him as our treasurer. Leanne Miller is to be heartily thanked for her effort in keeping our records in order and for providing Matthew, our supervising inspector, with the information he required to complete the audit of our accounts. Katy Ramage has stoically taken care of our payroll, a tedious and timeconsuming task for which she deserves heartfelt thanks. Hilton served as our gift aid secretary until recently for which we should be incredibly grateful, and Paul has temporarily stepped into his shoes until an alternative is worked out.

Matthew at Knox Cropper has carried out the inspection of our accounts once again.

Overview of 2020

The Parish began what was to prove to be a challenging year with a balance on our unrestricted funds of just £1,505. It is to be remembered that our desired level of reserves is around £30,000. I am pleased to report that despite the pandemic and the interruption this has caused to our worship and ministry, the Parish returned a surplus over the course of 2020, and the unrestricted funds have grown to £8,785.

It should be noted, however, that the Parish finances benefited from a number of factors that it would be unwise to consider as recurring. Our “giving day” was substantially enhanced by the generosity of a Trust. Furthermore, the “furlough” scheme means that a reasonable proportion of our salary costs have been born by the Government while our employees have been unable to work due to Covid 19. In addition, the effective mothballing of our establishments during the lockdown saved the parish money on running costs. Covid 19 means that 2020 was a year from which it is hard to infer much as to what the future finances of the parish might look like. There were, however, some positive developments. The Ark nursery contributed £12,000 to the church through rent and regular giving held up well through the pandemic.

During the course of 2020, we spent a further £11,000 on St Mary’s on top of the money spent last year with the consequence that the St Mary’s Fabric Fund is now much denuded and stands at £2,781 having been £34,000 two years ago.

The accounts for 2020

On page 10 of this report there is a statement of the financial activities of 2020 together with detailed explanatory notes that have been compiled by Knox Cropper.

Financial Management

Our income and expenditure is recorded in the cloud-based Xero accounting system. ChurchSuite (a cloud-based database management tool) is used to record our giving and make Gift Aid reclaims.

In addition to the computerised system to record all transactions, we have continued to use the financial controls listed below:

Page 7 of 22

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31[st] DECEMBER 2020 (Continued)

Stewart Paterson

Treasurer

3. Report of the PCC activities

During 2020 the PCC met 6 times, with an average attendance of 12.

The PCC members elected at the 2020 APCM are listed on page one.

The Standing Committee consists of the Rector, the two Churchwardens, the Treasurer, the PCC Secretary and one other PCC member. The Standing Committee met six times between PCC meetings and reported to the PCC by circulating Notes of its meetings. It has delegated powers from the PCC, including routine maintenance items, annual pay increases and appointment of staff, acting as a human resources sub-committee.

At the beginning of the year, prior to the first lockdown, we talked about fundraising and had a successful gift day where we raised over £10,000 which was matched by a generous grant from a Charitable Trust, thus providing some financial stability for the year ahead.

During the year, the main topic discussed was the closing of the churches during lockdown and opening at various times during the year, either for private prayer or services, according to current government guidelines. Lockdown also caused the furloughing of staff at times throughout the year.

Church services and all meetings were able to be held thanks to Zoom.

Juliet Bohun PCC Secretary

4. Report on Deanery Synod meetings

We have two representatives on the Deanery Synod. The report below was compiled by the Deanery Secretary.

The Synod meets four times a year in parishes around the Deanery. Its role is to promote the work of the church in our area, to deal with issues raised by the PCCs, to respond to consultations from Diocesan Synod and to confer with the Diocese regarding the parish share and the Diocesan budgeting process. The Area Dean is Revd Jane Ball of All Saints, East Meon, the Lay Chair is Vanda Leary of St Peter’s, Petersfield and the Deanery Treasurer is Mark Turner of St Mary’s Liss. Elections to Deanery Synod are for three-year terms, and the last elections took place at APCMs in the Autumn of 2020 (postponed from April due to COVID-19).

Page 8 of 22

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31[st] DECEMBER 2020 (Continued)

Deanery Synod also forms the electorate for Deanery representatives to the Diocesan Synod; these are currently Revd. Jane Ball, Revd Judith Bee (Buriton), Revd Chris Williams (Liss), Revd. Canon Will Hughes (Petersfield), Revd Helen M Mitchell (Petersfield), Neil Chrimes (Froxfield & Privett), Mary

Crittenden (Hawkley & Empshott with Prior’s Dean), and Vanda Leary. The next election will take place in June 2021.

In 2020 the Deanery Synod met twice; in February at St Peter’s and then via Zoom in December. However, the year also saw the Deanery Pastoral Committee begin to meet again for the preparation of a new Deanery Plan, which was presented to the bishop and his team in February 2021. The bishop's team appreciated the strong sense of mission and key points about Deanerywide collaboration, building up lay vocations, and the need for a clear local identity. Work is ongoing regarding the best structure for ministry and governance across Petersfield Deanery. Once the plan is fully in place it is expected that there will be 7 stipendiary clergy posts (made up of fulltime or part-time stipendiary posts including House for Duty) across the Deanery.

Paul Arnold

Deanery Synod Representative

5. ELECTORAL ROLL REPORT

In April 2020 there were 109 members on the electoral roll. One member left and seven have joined, giving a new total as of May 2021 of 115.

Elaine Heptonstall

Electoral Roll Officer

Page 9 of 22 INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OFTHE BRAmsHO￿& LIPHOOK PAROCHIAL CHURCH COUNCIL In¢lependent examiner's report to the trustee5 of Bramshott & Liphook Parochial Church Council. I rpport to the charity trustees on my examination of the accounts of the Bramshott & Liphook Parochial Church Council (the Trust) for the year ended 31st December 2020. This report is made to the Trustees, a5 a body* in accordance with the terms of my engagement. My work has been undertaken so that I might carry out an Independent Examinètion of the financial statements in accordance with the Directions given by the Charity Commissioners. To the fullest exl."ent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's trustees as a body for my work or for this report. Responsibillties and basis of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in aci:ordance with the requirements of the Charities Act 20111'the Act'l. I rE:port in respect of my examination of the Trust's accoLJnts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directioris given by the Charity Commission under section 14515llbl of the Act. Inclependent examlner's statement I h.ave completed my examination. I confirm that no material matters have come to my attention in coiinection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the Trust 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 Charitie5 IAccounts 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 confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached. M<ltthew Elkins FCA Knox Cropper LLP Chartered Accountants Off'ice Suite I, Haslemere House Lower Street Haslemere Sui-rey GU27 2PE Date..

Page 10 of 22

BRAMSHOTT & LIPHOOK

PAROCHIAL CHURCH COUNCIL

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31ST DECEMBER 2020

2020 2019
Unrestricted Restricted Endowment Total Total
Funds Fund Fund Funds Funds
Notes £ £ £ £ £
INCOME AND
ENDOWMENTS FROM
Donations and legacies 2 144,890 25,765 - 170,655 159,976
Other trading activities 3 24,629 - - 24,629 28,773
Investment income 4 70 - - 70 340
_ ______ ______ _ _
Total 169,589 25,765 - 195,354 189,089
EXPENDITURE ON
Charitable activities 5
Charitable 162,309 25,735 - 188,044 179,831
_ ______ ______ _ _
NET 7,280 30 - 7,310 9,258
INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward 1,505 191,895 2,000 195,400 186,142
_ _ ______ _ _
TOTAL FUNDS CARRIED FORWARD £8,785
_		 £191,925
_		 £2,000
______		 £202,710
_		 £195,400
_

CONTINUING OPERATIONS

All income and expenditure has arisen from continuing activities.

Page 11 of 22 BRAMSHOTh & LIPHOOK PAROCHIAL CHURCH COUNCIL BALANCE SHEET AS AT 31ST DECEMBER 2020 2020 2019 Notes FIXED ASSETS Tdngible assets io 161,454 165,373 CURRENT ASSETS Debtors C3sh at bank li 15,746 49,633 24,123 33,728 65,379 57,851 CREDITORS Amounts falling due within one year 12 122,6531 120,4741 NET CURRENT ASSETS 42,726 37,377 TOTAL ASSETS LESS CURRENT LIABILITIES 204,810 202,750 CREDITORS Amounts falling due after more than one year 13 11,4701 17,3501 NET ASSETS £202,710 £195,400 FUNDS Unrestricted funds Restricted funds Eiidowment funds 14 8,785 191,925 2,000 1,505 191,895 2,000 TOTAL FUNDS £202,710 £195,400 The f i 3nd ancial statements were approved by the Board of Trustees on er Sl8 d on its behalf by: /li Revd V Inglis-jones

Page 12 of 22

BRAMSHOTT & LIPHOOK

PAROCHIAL CHURCH COUNCIL

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2020

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

The Trustees consider that there are no uncertainties about the Charity’s ability to continue as a going concern.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Donations, Legacies and Collections

Collections are recognised when banked by or on behalf of the PCC. Planned giving receivable under Gift Aid is recognised only when received. Income tax recoverable on covenants or Gift Aid donations is recognised in the accounts when the gift is received. Grants and legacies are accounted for when the PCC is notified of its legal entitlement and the amount due is probable.

Other trading income

Parochial fees due to the PCC for weddings, etc. are accounted for on an event by event basis. Fundraising Activities are recognised when received.

Income from investments

Interest income is accounted for when received.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Page 13 of 22

BRAMSHOTT & LIPHOOK

PAROCHIAL CHURCH COUNCIL

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2020 (Continued)

1. ACCOUNTING POLICIES (continued)

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Buildings - 2% on reducing balance Kitchenette - 5% in straight line

Consecrated and beneficed property of any kind is excluded from the accounts by section 10(2) to (4) of the Charities Act 2011.

Moveable church furnishings held by the Rector and Churchwardens on special trust for the PCC and for which require a faculty for disposal are inalienable property, listed in the church’s inventory, which can be inspected (at any reasonable time). Such items are not valued in the financial statements.

The proceeds of the sale of a portion of land sold in 2000 to the Diocese are recognised as endowment funds, and the interest due on this sum is treated as arising from the original endowment, the use of such accumulated interest is unrestricted and is apportioned pro-rata to the sale of the centre land fund.

The Church Centre, Link and Ark were built on land which was left within a restricted endowment such that it can only be used for church purposes, therefore the buildings asset value of £161,454 (2020 net value) can never be realised. It was allocated during 2008 into restricted funds.

Individual equipment expenditure items with a purchase price of under £5,000 in the year have been written off when the asset was acquired, as approved by the PCC.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Part of the unrestricted fund which the PCC has, at their discretion, set aside for a designated purpose. Designated funds are also used where donors have expressed a preference without imposing a trust. The funds so designated remain unrestricted since the PCC can remove the designation at any time

Page 14 of 22

BRAMSHOTT & LIPHOOK

PAROCHIAL CHURCH COUNCIL

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2020 (Continued)

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature of each fund is included in the notes to the financial statements.

Operating Leases

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the Statement of Financial Activities as incurred.

Critical Accounting Judgements and Key Sources of Estimation Uncertainty

Useful life of tangible fixed assets

The depreciation charge on tangible fixed assets is based on management’s estimate of useful life. This is subject to uncertainty and reviewed by management at each reporting date.

2. DONATIONS, LEGACIES AND COLLECTIONS

2. DONATIONS, LEGACIES AND COLLECTIONS
2020 2019
£ £
Donations 127,401 118,327
Legacy 1,000 -
Gift Aid 23,236 23,246
Collections and other giving 7,008 15,403
Grants 12,010 3,000
_ _
£170,655 £159,976
_ _
3. OTHER TRADING ACTIVITIES
Fees 7,429 9,003
Other activities 17,200 19,770
______ ______
£24,629 £28,773
______ ______

Page 15 of 22

BRAMSHOTT & LIPHOOK

PAROCHIAL CHURCH COUNCIL

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2020 (Continued)

4. INVESTMENT INCOME

NVESTMENT INCOME
2020 2019
£ £
Deposit Fund Income 62 328
Other deposit account interest 8 12
_____ _____
£70
_____		 £340
_____

5. CHARITABLE ACTIVITIES COSTS

Grant funding of Church
Direct costs activities activities
(see note 6) (see note 7) (see note 8) Totals
£ £ £ £
Charitable £115,964
_
£7,625
______		 £64,455
______		 £188,044
_
  1. DIRECT COSTS RELATED TO WORK OF THE CHURCH
2020 2019
£ £
Diocesan Parish Share 80,293 78,338
Organist honorarium 440 840
Cost of Services 46 152
Ministry 12,313 16,240
Centre Costs 14,311 26,655
Outreach, education and training 870 2,254
Food bank costs 7,691 -
_ _
£115,964
_		 £124,479
_

Page 16 of 22

BRAMSHOTT & LIPHOOK

PAROCHIAL CHURCH COUNCIL

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2020

(Continued)

7. GRANTS PAYABLE

.
CHURCH ACTIVITIES
Expenditure
related to Church
£
Governance
Costs
£
Charitable
£63,099
__
£1,356
_
Church Activities, included in the above,
are as follows:
Expenditure related to Church
2020
£
Insurance
2,207
Church running expenses
31,668
Upkeep of Churchyard
8,822
Repairs and renewals
16,483
Depreciation of tangible fixed assets
3,919

£63,099

Governance costs
Independent examination
£1,356

2020
£
Charitable
£7,625

The total grants payable during the year was as follows:
Gospel Kingdom Associate
2,375
Acorn Christian Foundation
1,750
A Leek
-
Papua Partners
1,750
S Rice
-
Starfish Asia
1,750
Others – to be allocated
-

£7,625
___		 Totals
£
£64,455
__
2019
£
2,164
30,454
7,565
2,683
3,980
_
£46,846

£1,356

2019
£
£7,150

1,000
1,500
1,500
1,500
150
-
1,500

£7,150
___

8. CHURCH ACTIVITIES

Page 17 of 22

BRAMSHOTT & LIPHOOK

PAROCHIAL CHURCH COUNCIL

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2020

(Continued)

9. STAFF COSTS, TRUSTEES’ REMUNERATION AND BENEFITS

Gross wages
Employer’s national insurance costs
Employer’s pension contributions		 £
34,499
-
473
_
£34,972
_		 £
36,201
-
399
_
£36,600
_

The average number of employees was 5 (the full time equivalent was 2)

The key management personnel are defined as the Trustees. There were no trustees’ remuneration or other benefits for the year ended 31st December 2019 nor for the year ended 31st December 2018.

Trustees’ expenses

During the year ended 31st December 2019 £160 (2019: £496) of expenses were reimbursed to trustees which had been incurred on behalf of the charity. No other payments or expenses were made to any other PCC member, persons closely connected to them, or related parties.

Page 18 of 22

BRAMSHOTT & LIPHOOK

PAROCHIAL CHURCH COUNCI

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2020 (Continued)

10. TANGIBLE FIXED ASSETS

0. TANGIBLE FIXED ASSETS
Link and
Ark Centre Chapel Kitchenette Totals
£ £ £ £ £
COST
At 1st January 2020 35,000 100,943 68,644
19,805		 224,392
Additions - - -
-		 -
______ ______ ______
______		 _
At 31st December 2020 35,000 100,943 68,644
19,805		 224,392
______ ______ ______
______		 _
DEPRECIATION
At 1st January 2020 17,476 23,379 17,174
990		 59,019
Charge for the year 350 1,550 1,029
990		 3,919
______ ______ ______
______		 ______
At 31st December 2020 17,826 24,929 18,203
1,980		 62,938
______ ______ ______
______		 ______
NET BOOK VALUE
At 31st December 2020 £17,174 £76,014 £50,441
£17,825		 £161,454
______ ______ ______ ______ ______
At 31st December 2019 £17,524 £77,564 £51,470
£18,815		 £165,373
______ ______ ______ ______ ______
11. DEBTORS 2020 2019
£ £
Trade debtors 1,057 2,220
Loan – The Ark Pre School 9,017 13,013
Other debtors 2,201 6,010
Prepayments 3,471 2,880
______ ______
£15,746
______		 £24,123
______

Included in the loan debtor is £5,021 (2019: £9,017) due after more than one year. The loan is interest free and repayable over sixty months by instalment.

Page 19 of 22

BRAMSHOTT & LIPHOOK

PAROCHIAL CHURCH COUNCIL

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2020 (Continued)

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020 2019
£ £
Trade creditors 543 1,555
Loan 5,880 5,880
Other creditors 943 480
Accruals 15,287 12,559
______ ______
£22,653
______		 £20,474
______

The loan is interest free and repayable by instalment. The total liability of the loan at 31st December 2019 was £13,230 (2018: £19,110).

13. CREDITORS: AMOUNTS FALLING DUE

AFTER MORE THAN ONE YEAR

Loans 2020
£
£1,470
______		 2019
£
£7,350
______

Page 20 of 22

BRAMSHOTT & LIPHOOK

PAROCHIAL CHURCH COUNCIL

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2020 (Continued)

14. MOVEMENT IN FUNDS

2020
Unrestricted funds
Restricted funds
Endowment funds
Charitable
Representedby
Agency
General fund
Funeral bier
Hospital
Church Centre kitchen
War memorial
SMB excluding fabric
Youth
SMB boiler
Church Centre building
Buildings value
St Mary’s Fabric asset value
DIASO
Discretionary fund
SMB fabric
Halahan grave		 At 01.01.20
Net Movement
in Funds
At 31.12.20
1,505
7,280
8,785
191,895
30
191,925
2,000
_
-
__
2,000
_
£195,400
_
£7,310
_
£202,710
_
General
Funds
£
Designated
Funds
£
Restricted
Funds
£
Endowment
Funds
£
Total
2020
£
Total
2019
£
(1,352)
(1,136)
216
9,962
9,540
(422)
30
342
312
14,003
14,003
-
(990)
881
1,871
(500)
24
524
(1,360)
39
1,399
728
704
(24)
(932)
3,780
4,712
(1,775)
(2,171)
(396)
(1,029)
149,690
150,719
-
18,815
18,815
-
96
96
1865
2,608
743
(11,340)
2,781
14,121


-


2,714

2,714
_
£8,640

£(1,360)

£30
_
£ -

£202,710
_
£195,400
____

Page 21 of 22

14. MOVEMENT IN FUNDS

2019 for comparison
Unrestricted funds
Restricted funds
Endowment funds
Charitable
Representedby
Agency
General fund
Funeral bier
Hospital
Church Centre kitchen
War memorial
SMB excluding fabric
Youth
SMB boiler
Church Centre building
Buildings value
St Mary’s Fabric asset value
Church Centre
DIASO
Discretionary fund
SMB fabric
Halahan grave
Sale of Church Centre land
for Rectory		 At 01.01.19
Net Movement
in Funds
At 31.12.19
7,807
(6,302)
1,505
175,309
16,586
191,895
3,026
_
(1,026)
__
2,000
_
£186,142
_
£9,258
_
£195,400
_
General
Funds
£
Designated
Funds
£
Restricted
Funds
£
Endowment
Funds
£
Total
2019
£
Total
2018
£
216
216
(4,973)
(422)
4,551
312
312
(227)
-
227
1,240
1,871
631
524
524
(2,000)
1,399
3,399
(1,329)
(864)
(24)
2,169
4,712
4,712
(44,920)
(396)
44,524
65,833
150,719
84,886
18,815
18,815
-
(1,544)
-
1,544
96
96
194
743
549
(19,941)
14,121
34,062
2,714
2,714


_
(1,026)

-
_
1,026
_
£(4,973)

£(1,329)

£16,586
_
£(1,026)

£195,400
_
£186,142
____

Page 22 of 22

BRAMSHOTT & LIPHOOK

PAROCHIAL CHURCH COUNCIL

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2020 (Continued)

15. ANALYSIS OF ASSETS BETWEEN FUNDS

2020 Unrestricted Restricted Endowment 2020 Total
Funds Funds Fund Funds
£ £ £ £
Tangible assets - 161,454 - 161,454
Net Current assets 10,255 30,471 2,000 42,726
Long term liabilities (1,470) - - (1,470)
_ _ ______ _
£8,785 £191,925 £2,000 £202,710
_ _ _ _
2019 for comparison Unrestricted Restricted Endowment 2019 Total
Funds Funds Fund Funds
£ £ £ £
Tangible assets - 165,373 - 165,373
Net Current assets 8,855 26,522 2,000 37,377
Long term liabilities (7,350) - - (7,350)
_ _ ______ _
£1,505 £191,895 £2,000 £195,400
_ _ _ _