THE PAROCHIAL CHURCH COUNCIL OF THE
ECCLESIASTICAL PARISH OF BUSBRIDGE
AUDITED TRUSTEESANNUAL REPORT AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020

BUSBRIOGE PAROCHIAL CHURCH COUNCIL
Contents
Page
Administrative Information
Report of the Trustees
2to7
Audltor's Report
8toll
Statement of Financial Activities
12
Balance Sheel
13
Cash Flow Statement
14
Notes forming part of the Financial Statements
15to35

Page I
BUSBRIDGE PAROCHIAL CHURCH CQUNCIL
ADMINISTRATIVE INFORMATIONAT 31 DECEMBER 2020
CHARITY REGISTRATION NUMBER
1128305
TRUSTEES..
The Rev Simon Taylor
The Rev Simun Willetts
The Rev David Preece
The Rev Andrew Spencer
The Rev David Jenkins
MrGuy Cookes
Mrs Shelagh Godwin
Mr Keith Harper
Dr Karen Hart
Mr Michael Hawkey
Mr Dudlèy Hiltoii
Mr Martin Lambert
Mrs Jill Mace
Oi Frances Shsw
Mr Mark Williaffts
PRINCIPAL OFFICE..
Church Office
Old Rectory, Old Rectory Garden5
Godalmlng, Surrey. GU7 IX8
MANAGEMENT ACCOUNTS:
Lesley Reeves
Tuesley Tax & Accounts
6 Tuesley Corner,
Godalmin& GU7 ITB
PAYROLL..
Bennewith and Co., Chartered Actountants
3 Weycourt. Mary Rgad,
Guildford, Surrey GUI 4QU
AUDITORS-.
Moore15outhl LLP
Priory House, Pilgrims Court
Sydenham R03d
Guildford, Surrey GUI 3RX
BANKER5..
Natwest Bank knmited
280 Bishopsgate
London EC2M 4RB
INVESTMENT5'.
I he CEIF Church of England Funds
Senator House. 85 Queen Victuria SLreet
London EC4V 4ET
SOLICITOR5-
Charles Russell Speechlys LLP
One London Squar?, Cross Lanes
Guildford, Surrey GUI IUN

Pagc 2
BUSiIRIDGE PAROCHIAL CHURCH COUNCIL REPORT
OF THE TRUSTEES FOR YHE YEAR ENDED AT 31 DECEMBER 2020
Introduction
The PCC members, who are also the charity's TrustoeJ, submit their annual riTrport ai)d the i3uditgd
fiiiancial 5tatefflents lor thp year elided 31 Dgcember 2020. The Trustee5 have adopted the Church
Accounting Regulations 2006 and Accounting <ind Roportiny tJ¥ Charitics.. Statement ol Recommended
Practice1SORPI applicable to charities preparing theiraccounts in accordance with the Finiiici31 Reportirig
Standard applicdblo IF) the UK & Republic of Ireland FRS102 second edition, and thp. Charities Act 2011.
Governing Document
The Parochial Church Council of the Ecclesiastical Parish of Busbridge IPCCI was regislored with the Charitv
ComiTiission on 27th February 2009 and its governing document is the Parachial Church CoLJncil (Powers)
Me35ure119561 and under this measuro the PCC h45 tlie rcsponsiliility of "co-operation with the minister
in promoting in the parisli tl)e whole mission of the Church, pastoral, evangelistlc, SULial and ecumenic31".
It IS dlso rp.5porisible for the n)aiiitcnai)ce ol BusbridRe Cliurih and other parish buildings.
Objectives, Actlvllies and Publlc Beneflt
The mission of Busbridge Church is expressed in the vision statement"TD Bring the Nation to Christ- and
Ilie suh-5tatement5 "Loving God" Makifig Disciplgs" and "Transforming Communities"
The mission of
Busbridge Church In fulFilrnent of the vision is..
To build a worshipping and praying community
To evangelise and sproad the gospel
To provide excellent youth and children's work
To support our church school
To pruvide a care network for the beredved, elderly and lonely
To develop and empower church and lay leader5
To provide facilities at the centrg of our cummunity.
The PCC is dware ol the Charity Commi55ion'5 8uid3nce on public benefil Iri'The advancement of religion
lor the Public Benpfit" and has regard to it In their administration of the church.
The PCC believes that by promotin8 the Cliristian faith it provide5 3 bF.nefit to the public bv..
Providing faciliti¥¥ for piiblic worship* pastoral care 3nd spiritU21 development. both for cxistin8
churcli members and for anyone who wishes to benefit from whal the church offers.
Promoting Christlan values, and se￿Ile by mernber5 of the Ihurch in and to their community, to the
benefit of individuals and society a5 a whole.
Achievements and Peiforniance
The number of people on the electoral roll 05 at 8 October 2020 WdS 223131 Decefflbpr 2U19.. 2231. On
I ccount ul ihurch closures because of Covid-19. it is not possible to report avorage attendance in the
usual way, but it is notablc that the online 51fviLes were well tillended, often with wpll over 200 "views"
reported eath week.

Page 3
BUSBRIDGE PAROCHIAL CHURCH COUNCIL REPORT
OF THE TRUSTEES FOR THE YEAR ENDED AT 31 DECEMBER 2020 Icontinuedl
Achievements and Pcrformanee {continued)
2020 was an extraordinary year. Until early Mai'ch, as in previous year5, three congregdtions held Sunday
service5 in ihe Church IBusbridge Quiet at 8.00, Classlc at 10.00 and Ivening SeNice at 6.301 and the
Conten)porary congreBation continued to worship in Busbridge Junior School at 10.IKJam. From the start
of the first Covid-19 lockdown on 20, M3Tch, churihès wcre obliged to close completely and all staff
worke.d froin home. Sund31 v worship cind other nioetinEs moved online, using a combinatior) of loom and
YouTLibe. For a period over the suiiirner until October. some in person services took place. albeit with
iongregation sizes lirnlted by Socidl dist311cing requiroments. but this wa5 stopped by a further lockdown
from Nnvember onvlards.
Youth 2nd Children'5 work 3150 Tnoved online, although this pruved more effective for the older 3ge
groups than for younger one5. Older age gfoups wore able to engage very effectively via Zoom, and a
5umii)er Ccimp Wcls held in tlie Old Reclory Bdrclen in lieu of more usual activities. For younger children
scssions were also held via a combiriatiun of YouTube and Zoom.
The Older Person's Ministry focu55ed on providing very valuable pastoral support to people who might
otherwise have been ver¥ lonely as a result of Covid restrictions. Thi5 Wa5 Warmly welconied.
The church continued to Use volunteers to Support activities as much a5 Possible, although this ability was
rnoro constraincd than usual by covid.reslrictions. In particular, voluntoers continued to bc activo in
providing pastoral support, organising small group activities via Zoom and providing technical Support.
Two individu31s (Keith Harper and Philippa Baker) had Started Licencod Lay Minlster ILLMI training in 2017
both successfully completed the qualification during 2020.
The church view5 grant-making to relevant external organisations as an important part of its mission to
the wider community. The iliurcli 5UPPOrted tl)e following or8anisations with grants during the year..
Salvador Children's Trust ISALCETI, Trinity Trust Team, Samaritans Gulldford, Church of Messlah,
Tearlund, Nazarèth Wsy, Five Talents UK, Elam Ministries, Warehouse Christian Trust, Bible Society, A
Rocha UK, CPAS, BLTr50m Guildford, Children'5 SocieLy, BGCG. Total grants to orBanisation5 in 2020 totallod
£16,64412019.. £25,0331. On account of Covid-19, the remit of the Church Family Support Fund was
expanded to provide 511pport to those experiencing hardship as a result of tl)e pandemic. Total CFSP
grants to 113dividuals in 2020 totalled £7,85012019.. £3,0001.

Page 4
BUSBRIDGE PAROCHIAL CHURCH COUNCIL REPORT
OF THETRUSTEE5 FOR THE YEAR ENDED AT 31 DECEMBER 2020 Icontinyedl
Strncbjre, Governance and Management
The PCC members are ele.cted from the individuals registered on the parish electoral rall. The mLambers
Iiolcling office during the year 2020, and up to the date of this roport, were 35 follows..
Ex OffS¢10
Incumbent
Assoclate Minister
Curate lin tr3iningl
The Rev Simon Taylor
The Rev Simon Willetts
The Rev David Preece
Churchwardens
Dr Frances Shaw
Mr Keith Harper
Treasurer
Mr Martin Lamberl
Licensed Lay Minisier5
Mr Dudley Hilton
LLM Represe.ntative on PCC
(Other LLMS.. Dr Peter Shaw, Mrs Gertrud Sollars, Mrs Clare Haddad. Mr Keith
Harper and Mrs Philippa Bakerl
Elerted Lay Members
Mr Guy Cookes
Mr Simon Gilbert (until October 20201
Mrs Shelagh GDdwin
Dr Karen Hart
Mr Michael Hawkev
Mr Ellis Jones (until October 20201
Mr Steven Kindei (until October 20201
Mrslill Mace
Mr Jonathan Whileman luntS1 October 20201
Mr Mark Williarn5
Co-opted Members
Curate
Curate
The Rev Andrew Spencer
The Rev David lenkin5
AII PCC members are commissioned each year alld agree to fulfil their responsiblllties as they are best able.
An annual detlaration of conflicts of Interest is completed by each metnber.
Busbrldge and Hambledon churches are a United Benefice and member5 of Busbridge PCC and Hambledon
PCC meet as one group in a joint PCC. Six regular meetings were held in the year, plus separate special
meetlngs Df each PCC to consider a possible merger into one parish. All PCC rnembers are encouraged to
take an actlve part in their Sub-committee. The Governance group of Hambledon and 8usbridge met 51x
tirnes to set the agendd fi)r p.ach regular PCC rneeting and to consider Sssues pertaining to management and
finances. Day to Day management of rhe charity is delegated lo the rector, Aev Simon Taylor.

P3ge 5
BUSBRIDGE PAROCHIAL CHURCH COUNCIL REPORT
OF THE TRUSTIES FOR THE YEAR ENDED AT 31 DECEMBER 2020 Icontinuedl
Recrultmenl and Appointment of Trn5tees
Lay church Inembers are encouT3god to stand for election to the pcc. 'fhey are prop05éJd dnd seconded bv
anyone on the electoral roll prior to election at the Annual Parochial Church Meeting. Elected lay members
of the PCC hc)Icl office lor three VL'<]rs and are cligiblc to stand for a second three-year term after wliich they
re required to take a one year break before standing again,
TraIn￿g of Trnstees Policy
New PCC members receive written information on the work of the PCC and their re5pofbsibilities 35 member5.
Tiaining is tailored to individual needs depending on the experience of the individual involved.
Summary of Results, Jtchievements and FinancAal Revlew
INCOMING RESOURCES
Total incDme for the year was £503,46512019.. £619,379).
Total Linrestricted income amounted to £399,83512019'. £400,749). tho majority of which rel3ted to planned
Eiving, which including gift aid was £280,81412019.. £287,995).
RESOURCES USED
Total resoLirces cxpcnded for the year was £569,5771?019.. £S81,9201, of which £4SO,75412019.. £392,257)
was from uiirestricted funds, with parish share, £108,11112019.. £107,￿9) being the highest single cost.
Total efftployment costs, including soci31 security and pension contribution5 totalled £151,628 12019..
f 123,6101. The significant increase frorll 2019 was on account of several vacancie5 havin8 been filled during
2019, and the lin81 youth worker position being filled in early 2020 leading to a full complement of stafl
throughout the year. Consideration wa5 given to whether some staff should be furloughed under the Covid-
19 job retention scheme but it wa% decide.d not to do so.
uNRESTRl￿ED FUNDS
At year end unrestricted funds were £303,567 12019.. £335,498) which includes 3 designated operational
rLSserve fund of £130,07612019.. £80.0001.
RESTRICTED FUNDS
At the year end restricted funds were £3,485,95312Q19.' £3.040,1311. The main reason foi the inirea5e was
the Lhange in le.tting èrr3nEemp.nt% for the investinent property, Sthool House. resulting in a significantly
higher valuation of the Property Fund. The Wold lind Worsliip Fuiid sliowed a net expenditure of E23,2S7
during the year, with 3 balancè of £44,015 at end-202012019.. £67,302)
Further details of all Restricted Funds can be found in note 22 on page 30.

Page 6
BUSBRIDGE PAROCHIALCHURCH COUNCIL REPORT
OF THE TRUSTEES FOR THE YEAR ENDED AT 31 DECEMBER 2020 Icontinuedl
FUTURE PLANS
During 2021, the churcli iiitends tn put into effect plans to recove¥ from the sigtiificant effects of the Covid-
19 pandemic, taking the vpportunity to feview the overall 'product nffering" of tlie church. At the start of
the year, it wa5 dgcidod, based on a risk assessment, not to allow in-person worsliirj, evon thDUEII
governnient imposed restrictions rio Ioi)Eer prohibited thi.E. In person services resvrTied at Easter 2021.
During the rest of the year, as Covid-19 case5 are expected to decline, il is inteiided to resuine in person
wc)rship and other activities, although some continuing onliiio presence is a150 expected to cuntinue.
RefleclinE the operation of the UniLed BenLlico of Busbridge and Hambledon, consideration is being given to
tl)e chai'ity merging with Hambledon PCC at the end 012021, but this remains sul)ioct to deiisioiis to be Inade
duriiiby 2021.
RISK POLICY
The PCC recogiii5e5 It5 responsibilities for managing rlsk. There are risk assessment protocols in place for all
church activities on and off site. The PCC mairilaii)s a formal Risk Register, which is reviewed on an annual
basis. The principal ri5k5 and uncertainties identified rolato to lal loss of income il voluntary giving were to
fall subsldntially and Ibl (li5Satisfiction ol key employees or volunteers. These risks are actively managed in
line with the risk register, and despite the major disruption of Covid, voluntary giviiig and engagement of
people has Iipld up remarkably well.
RESERVES POLICY
It 15 the policy of the charity and the Trustee.5 to maintain unrestricted funds, some ol which are designated
for specilic purpose5. The aim Is to Iiuld suff Icient uniÈstricted funds to meet the unrestricted expenses of
the PCC for at least six months in rase of a substantial fall in income, thi5 is fell to be approximately £200,000
on an ongoinE basis. Tlie status of unrestricted reserves and decisions regarding those desigi)ated Icii" Specific
purposes are reviewed annually by PCC, normally 05 part ol the budget setting process for the following year.
INVESTMENT POLICY
The PCC has a policy ol holding shares in Lhe CBF Church of Ingland Investment Fund to obtain 8 higher long-
term return than available from a standard deposit account, providod thdt at least £1S0,OQO is retained in
immediate Jcc1%5 éiccounts paying little or no interest. In addition, the PCC holds the Investment Properties
as detailed in Note 15.

Page 7
BUSBRIDGE PAROCHIAL CHURCH COUNCIL REPORT
OF THE TRUSTEES FOR THE YEAR ENDED AT 310ECEMBER 2020 Icontinuedl
TRUSTEES BESPONSIBILITIES
The trustees are responsible for preparlng the Trustees, Annual Report and the financial slatements in
accordance with applicable law and United Kingdom Accounting Standards Iunlted Kingdom Generally
Accepted A¢countinE Practice).
The law applicable to charities in England & Wales requires the trustee5 tcl prepare financial statements for
each financial year which give a true ènd fair view of the slate of affairs of the. charity and of the incoming
resources and application of resources of the charlty for that period. In preparing these financial stalements,
thè trustees are required to:
select 5ultable accounting policie5 and then apply them consistently,.
observe the methods and principles in the Cliarities SORP IFR510215econd edition..
make judgement5 and estimates that are rcasonable and prudent;
state whether appliczble accounting standard5 have been followed, subject to any material
departures disclosed and explained In the financial statement5,'
prepare the financial statements on the going concern basis unless it Is inappropriote to presume
that the charity will continue in operation.
The trustees Bre responsible for kèeping proper accounting records that disclose with reasonable accuracy
at any time the financial position of the charity and enable them to ensure that the fi n3ncial stdlements
comply with the Charities Act 2011, the Charity (Accounts and Report51 Regulations 2W8 and the provisions
of the trust deed. They are also responsible for 53feguarding the assets ol the charity and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities.
Signed on bohall of the Parochlal Churcli Council on 121A Tr/.
2021
Martin Lambert, Treasurer
Simon Taylor, Rector

Page 8
INDEPENDENT AUDITOR'S REPQRT TOTHE TRUSTEES OF
THE PAROCHIAL CHURCH COUNCIL OF TtrIE ECCLESIASTICAL PARISH OF BV58RIDGE
Opinion
WL-I hav(: ciuclited tlie finai)cial statenie.nts nlTlie PArorhial Church Coiincil of the Ccilesi3stical Parish of
Busbridge Ilhe '¢harity'l for the year ended 31 DeLeinbÉir 2020 whiih comprise.Statement of Finrincial
Activitie%, Balance Sheet, Cash flow and notos to the financial statenients, includins a Summary ol
signilicaiit accouiitinp, policies. The financial reportiii£ framework that has been applied In thtrir preparation
15 applicable law and United Kingdom Accounting Standard5, Includirig FRS 102 "The Fin311cial Reporting
Star)daJ"d ￿)pp11Lab1e in the UK and Repijblic of Ireland" (United Kingdom Generally Aicepted Accounting
Practice).
In oiir opinion tlie financial sl3tomenls.'
give a true and fair view of the state of the charitvs affaii's as at 31 December 2020 and of its incoming
rf sources cind dpplication of resoiirce%, lor the ye3r then ended.
have bèen properly prepared In accordance with United Kingdom Generally Accepted Aicountin
PrdcLicc,' drid
Iiave been prepared in accordance with the requirements of the charities Act 2011.
Ba51s for opinion
We curiducted our audit in accordanEe witli International St3ndardg on Auditing IUKI115As IUKII and
applicable law. Oiir responsibilitie5 undei those Standards arc. flirther described in the Audito¢5
responsibilities for the audit of the financial statements section of our report. We are indopendent of the
charity in accordance with thL Lthical requiroments that are re.levant to our audit Df the financial
5tatement5 in the UK. including the FRC'S Ethical Standard, and we ha VLJ fulfilled our ell)ical rpsponsibilities
in accurdance with the.se iequirements. We believe that thè audit evidence we have obtained is sufficient
and appropriate to provide a basis for our audil opinion.
Conclusions relating to going concern
In auditing the financial statemp.nts, we have concluded that the trustees, use of thé. going concern basis of
acF.ountirig in the preparation of tlie financial statement5 is appropriate.
Based on the. work WE have performed, wp h3ve not ide.ntified any material uncertainties relating to events
or conditions that. individually or cDlleLtively, may cast significant doubt on the charity's ability ro continue
as a going conc'ern for a period ol at least twelve months from wlien the financial statements are
authori5ed for issue.
Our responsibilities and the re5ponslbilitles of the tru5tee5 with respeLI to Koin6 concern are described in
the relevant section£ of this report.
Other information
Thp utlier information comprise.s tlie information included In tho 3nnu31 report, other than tlie lindfiLial
statements and our auditor's report thereon. Tho trustee5 are responsible for the other inft)rMation. Our
opinion on the financial Statements does not cover the other inforrnètion èrid, except to the extent
otherwlse explicitly stated in our reporl, we do riot express any fr)rm of assurance conclusion the￿On.
In coTrnnectlon with oiir audit of tlie financial statemen15, our responsibility is to read the other information
3 nd, iii dDing so, consider whether the other information is malerially incon5iStent with tho financidl
statement5 or our knowledge obtained in tlie audit or oihorwi5e 3ppe3r5 to be i))aterially misstated. If wp
identify such material inconsistencies or apparent material misstatements, we 31e rLquiri'.cl to determine
wheLlier there 15 3 riiatÉri31 n)isstatement in thp financi31 statements or a material misstatement ol the
other information. If, based on the work we have perforn)ed, we Lonclude tlii& t there is 3 moterial
IvlisStateii)eiit of this othei ii)formation, ¥ve are required Lo report ih3r fact.
We have nothirig to report iii thi5 roBard.

Page 9
INDEPENDENT AUDITOR'5 REPORT TO THE TRUSTEES OF
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF 8USBRIDGE Icontinuedl
Matters on whlch we are required to report by emceptlon
We have nothing to report in respect of the following matters where the Charities Act 2011 requires us to
report to you if, in our upinic>n=
the infomiation given in the Tiustee5' Annual Report is incoiisistent iii aiiy mateiial respect with the
finanLidl statements., or
the charity has not kept adequate ii ccounting ieco¥ds,' or
the finiincial sratement% arp. not Iri 3Breement with the accounting records and returns,. or
we have not received all the inlormation and explanations we required for our audit.
Responsibilities of trustees
As explained more fully in the trustees, responsibilities statement set out on page 7, the trustees are
responsible for the preparation ul the finan¢ial statement5 and for being sat151ied that thoy give 3 true and
fair view, and for such Internal cantrol as the rrustees determine 15 necessary to enable the preparation of
financial statements that are frei& trom material misst3tement, whether due to fraLid or errnr.
In preparing the financial statements, the trustees are respoi)sible for assessing the. charivs ability to
conlinLJI' d% (I going concern, diSLlr)5iny,, as applicable, matters related to going concern and Lising the going
concern ba515 of accounting unless the trustees either intend to liquidate the charity or to ceèse operations.
or have no realistic alteriiative but to do so.
AudStor's responsibilities for the audit of the financial statement5
We have been appointed as auditor under section 144 of the charities Act 2011 and report In accordance
with regulatlons rllade under section 154 of that Act.
Our objectives are to obtain reasonable 8S5urance about whether the financial Statements as a wholp Rre
free I'roni rriaLLJfidl rnisstatement, wliether due to fraud or error, and to issue an audltor's report that
includes our opinion. Reasonable as$Ljran￿ is a high level of assurance. but is not a guarantee that an
audit condLlCted in accordance. with ISAS IUKI will always detocl a material rriisstalement when it exists.
MIsstatement5 can arise from fraud or error and are considered material if, individually or In the aggregate,
they could reasonably be expected to influence the economic decisions of use.r% tAken on the basi5 of these
financial statemeiits.
Irregularities, including fraud, are instances of non-compliance with laws and regulation5. We de518n
proccdurcs in line with our responsibillties, oiitlined above, to detect material mi5Stalemenis in respect of
irregularitie5, including fraud. The extent lo which our procedures are capable of detecting irregularitie%,
including fraud is dplii iled below.

PaEe lu
INDEPENDENT AUDITOR'S REPORTTO THE TRUSTEES OF
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BUSBRIDGE Icontinuetll
Explanation as to what extent tho audit was consldered capable of detecting irregularities, including
fraud
The objectivéas of Qui- dudit in i-g.%pèct of fr aiid. arp.,, to identily and assess thp risks of mdtcrial mi5Staiemei)t
of the financial st3tements due to fraud,. to obtain sufficient appi'uprialo aiidit evidence regardin8 the
assessed risks ol Inatoi"i31 misstatement due to fraud, through designing and implenienting £ippropi"iate
responses to those asso55ed risks; and to rL>Spond appropriately to instances of Ir3ud or su5petted fraud
identified during the audit. Howover, the primary responsibility foi. thL prevention aiid detection ol fr'aud
rests with botrh rr13nagenient and those charged with governance of the charitv.
Our approach was 3s follows..
I'he engagerlleni panner selected staff for the audit who had the reqLiired tompetence and skills in
the not for profit sector to bo. ble to identify or recognise non-compliance with law5 aiid reBulJtlOn5.
Ve assessed the risk ol irregularities a5 part of our audit planning, and ongoinE review, including dLJe
to fraud. management override wa5 identified as a significant fraud risk from our assess￿ent.
Some iniome received 15 restricted in it5 use and a signific31it risk was identilied regJrdlng tho correct
cla551ficaLion of income between restricted 3nd unrestricted funds and that the expenditure against
this income was In line with any Specified restrictions.
We obtained an unde.rstanding of the legal and regulatory requirements applicable to the ch31iiy and
considered the m05t significant t(Tr be Chai'ities Ait 2011, the Charity SORP, UK financial reporting
standards as issued by the Financial Reporting Council, Cliurch Accouiiting Regulations and Gift Aid
compliaiice.
We obtained an understanding of how the charity complie5 Wlth these requirements by discussions
with rndnagement and those charge.d wlth governance. We inquired of managerncnt 2nd those
chargcd with governance a5 to any known inslance5 of nun-compliance or suspected non-compliancc
witli laws and regulations.
We assessed the control environment, docuinentinA tlie systems, controls and processes adopted. ThL
audit 3pproach incorporated a combination of controls testing, where appropriate, analytical review
and substantive prucedures.
To addre55 the risk of fr3ud through management ovorrlde we,
performed analyticil procedures to idonrify any unu5Udl or unexpected relationships,.
tested journal entrie5 to ideiilily any unusual tran53Ctions;
reviewed sensitive nomlnal ledger code5, and
a55e5sed whetlier judgements and assumptions made in determininE the accounling o5timaLes were
indicative of PDtential bia%.
In response. to the classillcation of income and exponditure between rostricted and unrestricted we..
completed an¢il¥tlLLiI work, iomp3re.d to prior year and budget.,
agreed a sample of income recorded in the nominal ledger to suurce documentation to ensiife any
restrictions were correctly identified..
38reed 3 sample of expenditure pprthe nomindl ledger to supporling docLJnientatioll, confirming anv
restrictloln 3pplied mel tlie ijurpD5e lor which the inc05¥1e was givon,. and
rcvieivèd the c.liont5 3nalysis ol restricted funds for obvious rnisallocatic>n5 of incoine or
expenditure,.

Page 11
INDEPENDENT AUDITOR'S REPORTTO THE TIIUSTEES OF
THE PAROCHIAL CHUIICH COUNCIL OF THE ECCLESIASTICAL PARISH OF 8L158RIDGE Icontinuedl
There are inherent limitations in our audit procedures described above. The more rernovèd that laws and
regulation5 are from finanoal transactions, the less likely it 15 that we would become aware of non-
compliance. Auditing standard5 3150 limit the audit procedures reqLrired to identtfy non-compliance with
laws and re8ulations to enouiry of the directors and other managemenL and the inspection of regulatory
and legal correspondence, if anv.
Material niisstatemeiits that arise due to fraud can be liarder to detect than those that arise from error as
they may involve deliberate concealment or collusion.
A further description of our responsibilities for the audit of the financial statements is locatèd on the
Financial Reporting Councils website at.. www.frc.org.uklauditorsre5ponsibililies. This description forms
part of our auditorfs reporL
Use of our report
This report is made solely to the charity'5 trustees, as a body, In accordan￿ with Chapter 3 of Part 8 of the
Charities Act 2011. Our audit work h35 been undertaken so that we mlght state to the charity's trustees
those matters we are required to state to them in an auditor's report and for no other purpose. To the
fullest extent permitted bylaw, we do not accept or assume rosponsibility to ally party other than the
charity and charity's trustees 8$ a body, for our audit work, for this report, or for the opinion we h3ve
formed.
noofe (sth) LLP
For Jnd on behalf of Moore Isouthl LLP,
Statutory Auditor
Moore (South) LLP is gligible to act as an auditor in terms of section 1212 of the. Companles Act 2006
Priory House
Pilgrims Court
Sydenham Road
Guildford
Surrey
GUI 3RX

Page IZ
BUSBRIDGE PAROCHIAL CHURCH COUNCIL
STATEMENT OF FINANCIAL AcfiviTIES
AT 31 DECEMBER 2020
Unrestrlcted Restrirted
Fund5
Funds
Totsl
2020
Total
2019
Notes
Income
Donations and legacies
Charitable activities
Other trading activlties
Investments
Other
288,734
10,726
6,483
28,963
64,929
103,630
392,364
10,726
6,483
28,963
64,929
525,712
14,159
9,883
35,070
34,555
399,835
103,630
503,465
619,379
Expendlture
Raising funds
Charitable activities
Other costs
43,468
384,068
23,218
43,468
502,891
23,218
6,766
553.158
21,996
118,823
io
450,754
118,823
569,577
581,920
Net 5ncome before Investment galns
150,9191
115,193)
166,1121
37,459
Unrealised galns on Investments
15117
22,927
457,076
480,￿3
39,808
Net Income
127.9921
441,883
413,891
77,267
Transfers between funds
22123
13,9391
3,939
Net movement in funds
131,9311
445,822
413,891
77,267
Reconciliation of Funds:
Total tunds brought forward
335,498
3,040,131
3,375,629
3,298,362
Total funds carried forward
303,567
3,485,953
3,789,520
3.375.629
Notes 1- 28 on pages 15- 35 form an Inte8ral part of these account5

Page 11
BUSBRIDGE PAROCHIAL CHURCH COUNCIL
BALANCE SHEET
AT 31 DECEMBER 20ZD
2020
2019
Fixed A55et5
Tangible assets
Investments
14
15
2,421,775
1.210,000
3,631,775
2,455,715
760,000
3,215,715
Current Assets
Debtors
Investments
Cash at bank and In hand
16
17
33,105
303,457
396,727
733.289
72.070
248,453
423,594
744,117
Current Llabllitles
Creditors.. amounts due wlthln one year
18
140,5441
149,2031
Net Current Assets
692,745
694,914
Total Asset5 le55 Current Llabilttles
4,324,520
3,910,629
Creditors.. amounts due after one year
19
1535,0001
(s35,¢￿?
Total Net A55ets
3,789,520
3,375,629
The Fund5 of the Charlty
Restricted
Unrestricted
22
3,485,953
303,567
3.040,131
335,498
Total Fund5
3.789,520
3.375.629
Approved by the Parochial Church Council on..
2021
and si8ned on its behalf by:
Reverend S Taylor
Incumbent
Mr M Lambert
Treasurer

Page 14
BUSBRIDGE PAROCHIAL CHURCH COUNCIL
CASH FLOW STATEMENT
AT 31 DECEMBER 2020
2020
Z019
Notes
Cash Ilows friim operatlng activitles
Net cash from operating activStles
27
116,207
15.913
Cash flows from Investing activities
Intcrest & rents from investments
Purchase of investments
Purchase of fixed assets
23,854
125,0001
14,5141
30.632
158,0001
17,8251
Net cash used in investing activitles
15,660
135,1921
Cash flows from financing activities
Repayments of borrowing
15,0001
Net cash used in financing activities
15,CQO
Change In cash and cash equlvalents
126,8671
119,2791
Cash and czsh èqulvalents at l Jan 2020
423,594
442,873
Cash and tash equlvalents at 31 Det 2020
396,727
423,594

Pagè 15
BUSBRIDGE PAROCHIAL CHURCH COUNCIL
NOTES TO THE FINANCIAL STATEMENTS Iiontinuodl
AT 31 DECEMBER 2020
ACCOUNTING POLICIES
Basis of Preparatlon
Tlie finaiicial 5tat@ments have bep.n prepared in accordance with Accounting and Reporting by Charilios..
Statemer)t of Rccommonde(J Practice applicable io charities preparing their acLuunts in accor'dènce with
the Findncial Reporting Standard applicable in the UK ai)d Republicof Iieland IFRSIQ21 second edition 2019,
Jrid the Cliarities ALI 201 I.
The financial statement5 are prepared on a going concern basi5 under the historical cost convei)tion, with
the excibptiun of irivL'51triL%nl prop(srlii.'S dnd curro)nt r155Q.t invcstmeiits whicli ai-o Inoliided at market value,
The financial statements are plepa￿d in sterling whicl) is the functional currency, and have been rounded
tL) tliv nearest puuriLI.
The charity is a public benefit entity as defiiied by FR5102 and is unincorporated.
Golng Concern
The PCC ha5 assessed whether the use of the going concern bdsis is appropriate 3nd has considered
po&sible events or circuinslances including those as a result DI the Covid pandemic that rn18ht Cast
5ignifi¢ant doubl on the ability of the charity to continue as a going coricern. Particularly on account of
voluntary giving havin8 continued largely unchanged despite the pandeiiiic, I1iÈ going concern basis 15 Still
considered appropriate
Income
Planned giving. sundry and other donations, and collections are recognised when received by the PCC.
Incomo Idx recoverable on donations eligiblè for Gift Aid is recognlscd when the doiiation is received
and when elI￿lbilItY la valid Gift Aid declarationl15 established.
Legacies are accounted lor at the earlier of..
the date on which the charity is aware that probate has beon granted,.
the estate has been finalised and notili¢ation ha5 been made by the executorlsl to the charity that a
distribution will be made,. or
when a distributioii 1% Made from the estste.
Receipt of a leEary, in wliale or part, is only considerod proE)able whon the amount cai) be iiieasLired
reliably and the charity has been notified of the executor's intention tu make a distribution. Where
leEècies have been notified to the. charity, 01 the charity is aware ol the granting of prob4te, and crilerla
lor income recognition have not been met, then the legacy 15 treated as a contingent asset and disclosed
f material.
Grant Income is recognised when the PCC is notified of its leg.al enlitlL>rnL)Iil and the amount due.
Otli?r Ir<iding caclivitio% include parochial Fee5 from weddings aiid fiinerals, and use of the centre. Along
with income from fundraising, these are reco8ni5ed in the period in whicli the event takes place.
Investment income, including rentBI inccme, is accounted for in the period in which the ch3rity 15
entitled to the receipt.
Other iniome inr.ludes fees from Hambledon PCC and is accour)ted for in the period in wl)ich the charlty
is entitled to receipt.

PaEe 16
BUSBRIDGE PAROCHIAL CHURCH COUNCIL
NOTES TO THE FINANCIAL STATEMENTS Icontinuedl
AT 31 DECEMBER 2020
ACCOUNTING POLICIES Icontinuedl
Re50urce5 Expended
All expenditure is accoLJlited for on the accrua15 basi5 inclusive of VAT.
Raising tund5 inclLJdes those costs related to the tDandg£smLint and I'epair of the InvÈ.stment Properties
and direit Costs associated with fundraising activities.
Choritable exponditure include5 tlie. costs related to the production and sale of Tho Bridge and all other
expenses including grants relating to relevant projects undertakon. The charily allocate5 Specific cost5
to the various activities tliat tliey undert3ke and determine those that can be treated as reJtrictcd in
the accounts.
Grants are charged in the year that they are approved for payment. No grcints are dLlerri.d.
other costs include all expenditure not related to raising fund5 or the charitable activities undertaken.
Corporation Tax
The charitv IS Cmempt Iroili corporation tax according to 5Lhedule 3 01 tl)e Charities Act 2011.
Support Costs
Support costs are those fuiictions that aSS19t the ¥vork ol the c.harily but do not directly relate to raisin8
funds or charirable activities. These costs arè allocated between the expenditure categorios of the Charity
on a basi5 designed to reflect the use ol iho iesource. Costs relatinLJ Lu a particular activity are allocated
directly whi15t others are apportioned on an appropriate basis.
L)onated Services and Goods
Donatcd facilities and donated profession31 services are recognised in income at theirfair value whL'n thoir
Liconomic bonelir is prob.Ible. it can be measured reli3bly and the charity has control over the item. Fair
value is determined on the basis of the value of the gift to the chai"Ity. FL)r exBinple the amjuiil the charitv
would be willing to pay in the open market for such facllities and services. A corresponding amount is
recognised in expenditure.
In accordance willi the Charities SORP, the Services of volunteers are not reflected in the Statement of
Financial Activities as their donated time is not quantifiable.
Flxed Assets
Consecrated land and buildings and movable churchfurnishings
Consecraied and beneficed property is not reportpd wiihin these financial 5tsterne.nts in accordance with
tlie Charities Act 2011. No cost or vÈlue is placed on movable cliurcli furnishings 1)eld by the Steward5 on
trust for the PCC and wliich require a fJculty for disposal since the PCC considers them to be inalienzble
property. All exponditure on consecrite.d building5 and Movabl￿ church furnishings, whether maintenance
or improvement, is written off. as expenditure in the Statement of Financial Activities.
Freeholdpropvrtie5
Frcehold prope¥ties held for use by the PCC with a value linked loan ar& stated at valuation by the TrugtL&e5
on a rea50nable eslirnate of the currL'ni value. Tlio Trustecs review the value on an aniiual b3515 to consider
the residual value, which they deem to be at least equal to cost. Therefc>ro, iio depreciation is cliarged.
other Ireohold properties held for use by the PCC are stated <lt cost. ThLi non-land cost is depreciated over
10 yeaws on a Straight line basi5.

Pago 17
BUSBRIDGE PAROCHIAL CHURCH COUNCIL
NOTES TO THE FINANCIAL STATEMENTS Icontinuodl
AT 31 DECEMBER 2020
ACCOUNTING POLICIES l¢¢ntinued
Fixed A55ets Icont.)
Office e<iuipment oiidfixtures L7ndfirrings
Individu31 Items ivith a purchas@ pricp. of £1,000 or lesfi are written off on purchase.
Office cquipmenl used by the PCC, and fixtures and fiLtiiig5 in lis properties, are depreciated 50 a5 to spread
the cost of each a55et, less its Èstin)ated residiia1 value, over its oxpected useful life of 4 years.
Investment Properties
All Investment properties are included in the. accountJt on ari open market basis by the I"ru5tees.
Unrealised gain5 and Iusses are taken to the Statement of Financial Activities.
i.io
Debtors
Other debtoi's are record¢d al settlement amount. Prepayment5 are valupd at thp amounts prepaid at the
balance sheet dato.
1.11 CuTTent A55et Investments
Investments are recognised initially at C05t, which is the transaction price less transaction CL)5tS.
Subsequently. tlie investments are included at closing mid-m3rket value at the balance sheet date. Anv
gain or loss is taken to the Statement of Flnancial Activitie5.
1.12 Cash at Bank and Hand
Cash at bank and in hand includes cash and short term highly liquid invc5tmentS Wlth short fflaturity of
three mont115 or le55 froim the date of acquisition or openinE of the deposit or 5imil2r account.
1.13
Creditors
Trade and other crediturs aro recogr)ised when the Lhai ity has a present ()blig3tion resulting from past
events and can be measured or estimated reliably. Creditor8 are recogrbised at their settlement amount5.
1.14
Public Benefit Con¢essionary Loan5
Interest free loans were generoiisly provided by some church members to facilbtate the Old Rectorv
project. These loans h3vo not bcen discountLd pc)r FRS 102 sectioii 13 ai)d 14.
1.15
Financial Instruments
I he charity h35 financial assets and financial liabilities of a kind that qualify as basic financial instruments.
Basic financial instruments 3re initially recogiiised at transaction value and subsequently measured at their
5LJttlemL>nt value..
1.16
Pensions
The PCC operates a defined contribution ponsion scheme. Contributions are ch¢irK¢,d to the Statemont ol
Financial Aclivitie5 in the year they dre p3y3ble. The 35,sets of the Scheme dre hel4 separately from those
ol the PCC in an independently Iidministf.:r(..d fund. Ilie pension charge I'epresents the amounts payable to
the scheme in respect of th3t year.

Page 18
8US8RIDGE PAROCHIAL CHURCH COUNaL
NOTIS TO THE FINANCIAL STATEMENTS Icontlnuedl
AT3I DECEMBER 2020
ACCOUNTING POLICIES Icontinuedl
1.17
Funds
Uiirp.slricted Funds
Unresti'icted fund5 iepre58nt the fundy of tlie prc that arc not subjert to any restriitions regardinR their
Use and rhat are available for ￿￿pplIcation on the general purposes of the PCC. They Include De5ignatL'(I
FiJnd5 parmarkf d by the PCC for a particular purpose. The PCC has three Designated Funds12019 five),.
the Operational Reserve Fund, The Bridge IinaE2zinel Fund and thL NL)xus Fund. FuIids set aside for
Quinquvnntal repairs and the Old Rector'y project, have been reallocated to General Funds and the
Operational Rcservc. Note 23 doscribes the fund5 and th(.ir purpose5.
Rp5tricted Funds
Restricted funds are funds of the PCC that Bre subject to restrictions on their usQ ilnposed by the donor,
that Is, they are funds given fur a specific purpose and the PCC c3nnot use them to meet its 8encirdl
purposes. Note 22 describe5 the fui)ds and their PLJrporeS. The balance on the restriLted funds lor capital
items at the year end is at least equal to tho net book value in the account5.
JUDGEMENTS AND KEY SOURCES QF ESTIMATION UNCERTAINTY
In the application of the chaiity's accounting policies, the Trustees are required to ITiakL judgemc"nts,
estimates and assumptions about the cariying amount of 355ets ai)d liabilities that are not leadily apparent
from Dther sources. The esliniate5 dnd asrtsooialpd as5umplions tire based on hi5tOfical experienco and other
factors ihat are considered to be relevant. Aclual results may differ from these estimates.
The ostimate5 and underlying a55umption5 are revSEwed on an ongoing basis. Revislons to accounting
estimates are recognised in the period wliich the estimate is revised where ihe revision 3ffects only that
peripd, or in tho period of tl)e revision and future periods where the revi.sion affects both current and future
perlods.
Key sources of estlmation uncertainty
The estim¢?te$ and assumptions which have a significant risk of causing a material adjustment to the carrying
amounl uf assets and liabilities are cls follows..
Determinotion of v(Jlues of ffiivpstment property
The Irustees review ihe valuation ol each of the investment property at the end of each year, thls is based
on their knowledge of the market and house sales in and 8round the year from internet research. If the
TrListee5 valuation 1% ini)ccurate then the valiiation of investment property iii the financial statement5 will be
misstated. The valuation basis of each property is described in Notc 15.

Page 19
BUSBRIDGE PAROCHIAL CHURCH COUNCIL
NOTES TO THE FINANCIAL STATEMENT5 l¢ontlnuedl
AT31 OECEMBER 2020
3. Donatlon5 and legacie5
Unrestrlcted
FuThJs £
Restricted
Funds £
Total
2020 £
Total
2019 £
Ihcoming re50urce5 trom thnors
Planned giving Gift Aid
Tax recoverable - Planned
Planned givin8 non Gift Aid
Sundry donations
Tax recoverable - Sundry
Collections
Special Collections
Tax recoverable- Collettions
Directed gifts
Word and Wor5hlp
Old Rectory
Reordering
Youth & Chlldren work
Church Family Support Fund
Centre refurbishment
Livestream
192.347
48,111
40,357
4,789
I,C68
563
192,347
48,111
40,357
4,789
1,068
563
2,603
625
1,250
9,165
19,263
9,711
196,775
49,254
41,966
10,301
1.250
1,446
8,176
1,561
1.833
12,596
36,335
120,494
37,5(K)
2.070
2.603
376
250
1,250
9,1(75
19,263
'J,711
19,458
40,998
2,058
19.458
40,998
2,058
288,734
103,630
392,364
521,557
4,155
525,712
Le8aGy income
288,734
103,630
392,364
Included in 2019 was £218.141 of restricted income
4. charltable ActSvitie5
Unrestrlrted
Funds £
148
540
261
7,773
2,004
Restrfcted
Funds£
Total
2020 E
148
540
261
7,773
2,004
Totil
2019 £
700
507
1,031
8,773
2,069
1,078
Older Persons Work
Youth & Children activitie5
ABC Groups
The Bridge magazine
Nexus
Other parish activities
10,726
14,159
Included in 2019 was £489 of restricted income

Page 20
BUSBRIDGE PAROCHIALCHURCH COUNCIL
NOTES TO THE FINANCIAL STATEMENTS Icontlnuedl
AT 31 DECEMBER 2020
5. Other Trading Actlvlties
Unrestricted
Funds£
6,238
245
Restricted
Funds £
Total
2020£
6,238
245
Total
2019 £
8,038
1,845
PCC fees and services
Centre use
6,483
6,483
9,883
All income from othertrading activities was unrestrided in 2019
6. Income from Investments
Unrestrfrted
Funds E
Restricted
Funds £
Total
20ZO £
Total
2019 £
Bank interest..
Short term deposlt accounts
1,189
1,189
954
Rents..
School House
34 High Ridge
Church Cottago
14 Phillip5 C105e
2,020
13.450
12,835
5,811
13,500
14,274
13,5(NJ
14,274
28,963
35.070
All investment income irb 2019 was unrestricted.
In 2020 the school caretaker vatated School House which was refurbished for letting from J3nuèry 2021.
In 20J 9 14 Phillips C105e was rented o(Jt for four months during Youth Mlnister vacancy, which was
dpproved by the Dlocese.
7. Othèr Ordlnary Incomlng Resources
Unrestricted
Funds £
J,950
62,978
Restrirted
Funds £
Total
2020 £
1,950
62.978
Total
2019 £
978
33,577
Other Intorne
Hambledon
64,929
64,929
All Other Ordlnary Incomlng Resources income in 2019 w35 unr?stricted.

Page 21
BUSBRIOGE PAROCHIAL CHURCH COUNCIL
NOTES TO THE FINANCIAL STATEMENTS Icontlnuedl
AT 310ECEM8ER2020
8. Raising Funds
Unrestrlcted
Funds £
Restricled
Funds £
Total
2020 £
Total
2019 £
Investment pruperty costs
43,468
43,468
6,766
43,468
6,766
All cost5 for raisinE funds in 2019 were unrestricted
2020 investment property cost5 include the following in respect of School
House".
An ex gratia paymont of £15,000 to BusbridEe Junior School following which School House was returned to
PCC and available for commercial letting
Charltable Artlvitie5
Unreslricted
Funds £
Restricted
Funds £
Total
2020 £
Total
2019 £
Grants
Outward giving
Church Family Support Fund grants
Special collpctions
11,430
11,430
7,850
3.964
15,250
3,000
8,483
7,850
3,964
11.430
11.814
26,733
Directed gifts
1,250
1,250
1,3(M)
12.680
11,814
24,494
28,033
liicluded in 2019 are grants from restrirted funds of £11,483
Detai15 of 8rants made to Institutions in the year are Set out in Note 11

PaEe 22
BUSBRIDGE PAROCHIALCHURCH COUNaL
NOTES TO THE FINANCIAL STATEMENTS Icontinuedl
AT 31 DECEMBER 2020
Unrestricted
Funds £
Re5trlcted
Fund5 £
Total
2020 £
Total
2019 £
Ministry
Parish Share
churche.s Together
Clergy expen5e.5
Rectory costs
Clergy fees
Hambledon clergy salary
Service costs
Word & Worship
Youth & children work
Older person5 & befriending work
Pastoral
Evangelism
Qther
108,111
960
4,063
1,060
2,994
39,060
6,389
108,111
960
4,063
1,060
2,994
39,060
6.389
36,216
68,696
17,426
1,760
1.458
2,548
107,009
960
3,546
1,117
4,109
14,421
14,691
28,911
49,483
19,901
2,790
241
1,429
36,216
68.696
17,426
1,760
1,458
2,548
254,526
36.216
29Q,742 248,608
Included in 2019 are payment5 from restricted funds of £29,127
Tralnlng
Training
881
881
4.241
Parish Actlvltles
Youth & children activities
The Bi'idge magazine
Nexus
Other activities
656
8.415
372
656
8,415
372
1.015
8.250
316
9,443
9,443
IJ.907
All payments for training and parish activitie5 in 2019 were from unrestricted funds

Page 23
BUSBRIDGE PAROCHIAI CHURCH COUNCII
NOTES TO THE FINANCIAL STATEMENTS Icontinuedl
AT 31 DECEMBER 2020
Unrestricted
Funds £
Restrictèd
Funds £
Total
2020 £
Total
2019 E
Property Costs
Re-ordering
Church runninE Casts
Church mairjtenance
Upkeep of churchyard
Centre refurbishment project
Centre running costs
Old Rectory + Yard projert
Old Rertory running 105ts
Depreclation Old Rectory / Yard
Loan intÈr85t
Clergy property rental
Other property running costs
Livestream
16,547
16,547
8.908
3,912
2,987
1,158
1,124
8,064
95,871
lQ,695
2,161
3.652
4.147
3,912
2.987
1,158
1,124
1.665
14,113
4,545
37,688
6,695
6,583
16,505
8.064
38,206
38,206
6,842
6,850
4,471
2,058
6,842
6,850
4,471
2,058
30,333
70,793
101,126
200.173
Included in 2019 are payments from restricted funds of £149.053
Support Costs
General administrative costs
AdministraLion salaries
Depreciatiorb I write backs
28,929
47,030
247
28.929
47,030
2.47
19.812
42,334
11,9501
76.205
76,205
60,196
All 5UPPQrt costs relat@ to charitable activities12019- all relate to charitable activities)
Total Charitable Actlvltles Expenditure
384,068
118,823
502,891
553.158

Page 24
BUSBRIDGE PAROCHIAL CHURCH COUNCIL
NOTES TO THE FINANCIALSTATEMENTS Icontinuedl
AT 31 DECEMBER 2020
10. Other Costs
Unrestricted
Fund5 £
10,0
1,233
10,788
1,197
Re5trSded
Funds £
Total
2020 £
io,ook)
1,233
10,788
1.197
Total
2019 £
9,000
Audit fees
Audit fees- prictr year underaccrual
Accountancy & payroll
Bank charges
11.949
1,047
23,218
23,218
21,996
All 'other costs. for 2019 wore from unrestricted funds
Other c05t5 relate to the Bovernance costs of the charitv
11, Grants In Year
Total
2020
Grants to org3nisatlon$ In Year
Salvador Children's Trust ISALCETI
Trinity Trust Team
Samaritans Guildford
Church of Messiah
Tearlund
Nazareth Wav
Five Talent5 UK
Elam Ministries
Warehouse Christian Trust
Bible 5oclety
A Rocha UK
PAS
8esom Guildford
Children's Society
BGCG
3,787
2,000
1.430
1,250
1,033
1,000
1,000
I,oc
1,000
1,000
1,000
500
500
loo
45
16.644
CFSF granls to Individuals
7,850
24,494
Intludpd in the grant to SALCET is £2,787 from the 2019 Christmas Appeal.
The grant to Samaritans Guildford was raised by Nexu5.

Page 25
8US8RIDGE PAROCHIAL CHURCH COUNaL
NOTES TO THE FINANCIAL STATEMENT5 Icontlnuedl
AT 310ECEMBER 2020
12. Staff Cost5
2020
2019
Wages and Salaries
Employer National Insurance costs
Employer pension costs
142,005
5,718
3,905
115,045
3,212
151.628
123,610
The costs above include payment5 for the youth minister, children'5 worker5. older person5 and befriending
leader, word and worship minister and administrative staff.
The average number of full and pzrt-time staff during the year was 9 12019- 71.
No employees receivÈd emoluments In excess of £60,0Tr)12019- None),
13. PCC Members. Remuneration
The PCC members did not receive any remuneration in the year12019 - None).
Clergy expen5e5 Of £6,686 12019 - £4.3901 were reimbursed in the year.

Page 26
BUSBRIOGE PAROCHIAL CHURCH COUNaL
NOTES TO THE FINANCIAL STATEMENTS Icontlnuedl
AT 310ECEMBER2020
14. Tangible Fixed A55ets
Freehold Off ice/Other
Propertles
equipment
Flxture5 &
Fltttngs
Total
Cost or valuation
At l Janu4ry 2020
Additions
2,512,052
2,538
69,419
1,976
32,280
2,613,751
4,514
At 31 December 2020
2.514,590
71,39S
2,618,265
Dèpreclation
At l January 2020
Charge in year
56,337
38,206
69,419
247
32,280
158,036
38.453
At 31 December 2020
94.544
69,666
32,280
196,490
Net Book Value5
At 31 Oecember 2019
2,455,715
2,455,715
At 31 December 2Q20
2,420,046
1,729
2,421,775
Freehold Properties
The property at 14 Phillips Close was purchased in 1.991 lor occupatlon by a5515tant clergy for £102,QK)O plus
incideTltal costs with assistance ol a valuè linked loan of £102,000 from the Church Cornrnissioners. The
value linked loan is repayable either when the house is sgld or ceases to be occupied by a licensed person.
The term5 of the value linked loan are such that the amount due to the Church Commissioner5 represents
a flxed percentage of I￿% of the Vdlue of the property. Any adjustment to thi5 liability, as a result of
change in thè carryrngvalue of the propertv, 15 offset against the gain or1055 on revaluation in the Statement
of Financial Activitie5. Interest 15 charged by the Church Commissioner5 at 3% per annum on the amount
origlnally borrowed, the rate rising annually in line with increase5 in the retail price index anrl is currentlv
6.71%. For 2020 the total interest paid on thls value Ilrhked loan was £6,842. The valLli> ol the house is
shown as £440,000 which is the estimated Sale value as at 31 December 2020 and 2019 and is considered
to be a fair e5tim8te of its current-value in use"
The additions In rhe year relate to £2,538 work on the Old Rertory Yard.
The Ireehold properties arè held within the Restricted Property Fund.

Page 27
BUS8RIDGE PAROCHIAI CHURCH COUNCIL
NOTES TO THE FINANCIAL STATEMENTS Iconthnuedl
AT 31 DECEMBER 2020
15. Investment Properties
2020
2019
Cost or valuation
At l January 2020
Transfers in
R2valuation in yoar
760,000
760,OCKI
450,IK)O
At 31 December 2020
1,210,000
760,ocrf)
The property Bt 34 High Ridge was valued at £360,000 in December 2020 by the Trustees based on current
arket conditions. The historic cost of this property is £83,950.
School House has been revalued at £S00,(K)O In December 2020 by the Trustees bdsed on current market
conditions. This follows the return of School House from Busbridge junior School to PCC in 2020, to which
the TTustce5 made arb ex gratia contribution of £15.000. The property was refurbished in preparation for
commercial letting Irom January 2021. In 2019, the property was valued at ES0.0(K) uslng a 4% return on
the annual rental income. The historic cost of this property is £4LY).
Church Cottage was valued at £350,000 in December 2020 by the Trustees, based Dn current market
condition5. The historlc cost of this property is £75.492.
The investment properties are held within the Restricted Property Fund.

Page 28
BUSBRIDGE PAROCHIAL CHURCH COUNCIL
NOTES TO THE FINANCIAL STATEMENTS IcontSnuedl
AT 31 DECEMBER 2020
16. Debtors
2020
2019
Amounts receivable withln one year
Gift Aid recoverable
Prepayments & accrued income
Other debtors
14,421
1,125
17,560
44,318
9.272
18,481
33,105
72,070
17. Current Asset Investments
2020
2019
Market value al l January 2020
Additions
Unrealised galn in year
248,453
25.(K)O
30,rx)4
150,645
s8,(￿N]
39,808
At 31 December 2020
303,457
248,453
The cost of investments is £226,00012019 - £201,000
IB. Creditor5 Falling Due Within One Year
2020
2019
Tr3de creditor5
Accrua15
Taxation and Social Security
Other creditors
Old Rectory Project loan
9.797
25,398
2,431
2,917
9,802
27,238
2,064
5,099
5,0(K)
At 31 December 2020
40,544
49,203
The Old Rectory Project loan is held within the Old Rectory Restricted furkd

Page 29
8USBRIDGE PAROCHIAL CHURCH COUNCIL
NOTES TO THE FINANCIAL STATEMENTS Icontinuedl
AT ai DECEMBER 2020
19. c￿ ditors FallinB Due After More than One Year
2020
2019
Church Commissioners Equity Loan
Old Rectory Project loan
440,000
95,000
440.000
95,0
At 31 December 2Q20
535,000
535,000
The Church Commissioners loan is not due until 14 Phillips Close is sold and matches the asset value.
Interest is Pdyable at 3% per annum on the amount (>rigin211y borrowed, this rate rising annually In line with
increases In the retail price index and is currently 6.71%.
20. Old Rectory Project Loan
2020
2019
Due within one year
Due betwpen two and five year5
Oue after five year5
5.000
95,000
95,000
At 31 December 2020
95,000
100,000
The lohns have been provided on an intsrest free basis.
£80,000 of the long-term loan 15 due for repayment in December 2024.
The Old Rectory Project loan is held within the old Rectory Restricted Fund.
21. Retirement Benefit Sthemes
Defined Contrlbution Scheme5
The charge to the SOFA during the year in ￿SPeCt of defined contribution schemes wa5
£9,112 12D19- £7,695).
At the year end, contributions of £773 were outstanding12019- £Nill.

Page 30
BUSBRIDGE PAROCHIAL CHURCH COUNCIL
NOTES TO THE FINANCIAL STATEMENTS (contlnuedl
AT 31 DECEMBER 2020
22. Restrlcted Funds
l January Incoming
2020
resources
Outgoing Transters In Unreallsed 31 December
resources
l (Out)
gain5
2020
Property Fund
Church Family Support
Fund
Prime Time Fund
Word and Worship
Youth and Children
Other restricted income
Old Rectory Project
Re-ordering Project
Staniford Children Fund
Special Collections Fund
Centre Refurbishmènt
Livestream Project
2,775,715
138,2061
17,8501
2,538
450,CrfJJ
3,190,046
47,114
19.458
4,097
62.819
2,105
67,302
27,473
4,761
55,771
48,419
10,486
985
2.105
44,015
25,249
9,165
136,2161
314
14,7611
18,3781
116,5471
2,143
12,5381
1.621
19,263
9,711
66.656
41,583
13,640
1,796
1.358
2,979
40,998
2,058
13,9641
11,1581
12,0581
39,840
Total Restricted Funds
3,040,131
103,629
1118.8231
3,939
457,076
3,485,953
Funds held for the Staniford children were allocated to the investment account and unrealised gains attributed
to it.
Restrirted funds for the year ended 31 December 2019
l January Incoming
2019
resources
Outgolng Transfers In Unrealised 31 Decelnber
resources
I (Out)
galns
2019
Property Fund
Church Famity Support
Fund
Prlme Time Fund
Word and Worship
Youth and Children
Other restricted income
Old Rectory Project
Re-ordering Project
Staniford Children Fund
Special Collections Fund
2.805,578
{37,6881
13,0001
7.825
2,775,715
41,314
2,070
6,730
47,114
1,932
83,617
389
12,596
37,600
12161
{28.9111
12,3021
2,105
67.302
27.473
4,761
55,771
48.419
10.486
985
{7,825}
4,761
33,549
22,875
10,486
322
36,335
120,494
{14,1131
{94,9501
9,146
18,4831
Total Restricted Funds
3.004,434
218,630
1189,6631
6.730
3.040,131

Page 31
BUSBRIDGE PAROCHIAL CHURCH COUNCIL
NOTES TO THE FINANCIAL STATEMENTS (continued)
AT 31 DECEMBER 20ZO
22.
RESTRicfED FUNDS Icontlnuedl
l. The Property Fund - the PCC'S properties are held by this fund. 34 High Rid8e and Church Cottage are
currently let. School House was refurbished in 2020 in preparation for commercial letting from
January 2021. The income from the properties, when let, is not restricted. The Old Rectory was
purchased in 2018 and transferred into the Property Fund.
2. The Church Family Support Fund holds funds received to support those in need, as agreed by the
Stewards.
3. The Special Collections Fund hold5 funds ralsed for specific purpose5, and are paid out as grants to the
nominated organisations (see Note 111
4. The Prime Time Fund holds funds received for the activities of Prime Tlme, the older persons ministry.
5. The Staniford Children Fund holds funds received for the children of the late Lisa Staniford to provide
financial support and assistance for their education and wellbeing.
6. The Other Restricted Income Fund has been used for expenditure related to sundry hlstorlc balances
held, including the church boiler.
7. The Word and Worship Mlnistry Fund holds donations specifically provided to fund the cost of a
worship leader, along with contributions towards the word and worship ministry costs.
8. The Old Rectory Fund relates to monie5 raised for the purchase of the former church rectory, its
conversion for use as an office I community centrè, and related projects. The related projects are
princlpally conversion of Church Cottage Ithe former office) to residential use as an Investment
Property and potential refurblshment of the existing Church Centre. Purchase of the Old Rectory was
ompleted in 2018 and the asset transferred to Tangible Fixed Assets.
9. The Re-ordering Project holds funds given for the intended removal of pews from, installation of a
wooden floor, and related upgrading work in the main church. Phase l of this project was completed
in 2019, and further work was done in 2020, although somewhat delayed on account of Covid-19. The
balance of the work is expected to be completed during 2021.
10. The Youth and Children Work Fund holds monies given specifically for projects to support work with
young people.
11. The Centre Refurbishment Fund holds monies given specifica15y for thls project.
12. The Livestream Project Fund was used in 2020 to enhance service streaming capabilities.

Page 32
BUSBRIDGE PAROCHIAL CHURCH COUNCIL
NOTES TO THE FINANCIAL STATEMENTS (continued)
AT 31 DECEMBER 2020
23. Unrestrlcted Funds
l January Incomlng
2020
resources
Outgolng Transfers In Unrealised 31 December
resources
/ (Outl
gains
2020
DeslEnated Funds
Operational Reserve
Quinquennial Sinking
Fund
The Bridge magazine
Nexus
Workin8 Wlth elderly
Old Rertory Project
80,OIJO
37,123
12,953
130,076
23,394
123,3941
2,426
7,773
2,lJ)4
18,4151
11,8021
12031
1,783
1.708
1.506
203
72,0(K)
172,0001
178,023
9.777
110,4201
156,7651
12,953
133,567
General Unrestricted
Fund
157,475
390,058
1440.3341
52,827
9.974
170.0
Total Unrestricted Funds
335,498
399,835
1450.7541
13,9391
22.927
303,567
In 2019, Nexus funds were held in General funds and were separately designated In 2020.
The Quinquennial and Rectory Project designated funds were reassi8ned to the Operational Reserve and General
funds.
Unrestricted funds for the year ended 31 December 2019
l January Incorning
2019
resources
Outgolng Transfer5 In Unreallsed 31 December
resources
l (Out)
galn5
2019
Deslgnated Funds
Operational ReseNe
Quirbquennial Sinking
Fund
The Brid8e magazine
Working Wlth elderly
Old Rectory Project
80,IJ)O
80.￿)
23,394
23,394
1,903
8,773
203
18,2501
2,426
203
72.CNxi
72,(KK)
177,297
8,976
18,2501
178,023
General Unrestricted
Fund
116,631
391,773
I384,￿7)
33,078
157,475
Total Unrestricted Funds
293,928
400,749
1392,2571
33,078
335,498

Page 33
BUSBRIDGE PAROCHIAL CHURCH COUNCIL
NOTES TO THE FINANCIAL STATEMENTS {continuedl
AT 31 DECEMBER 2020
23.
UNRESTRicfED FUNDS (¢ontlnued)
l. The Operational Reserve Fund holds funds to ensure that vnrestricted expenditure can be met if there
Is a fall in income. This has been increased in 2020 by funds reallocated from the Rectory Desi8nated
funds.
2. The Quinquennial Sinking Fund has been returned to General Funds in 2020. The Trustee5 believe the
enhanced Operational Reserve is sufficient to meet the cost of repairs identified from quinquennial
reviews.
3. The Brid8e Fund holds funds received for the publication of The Bridge" magazine, published 6 times
per year. Income and expenses for The Bridge are shown separately in notes 4 and 9 respectively.
4. The Nexus Fund was previously included in General Funds. However, it has been 5eparatelv
designated in 2020.
5. The Old Rectory Fund designated monies have been reallocated to the Operational Reserve and
General Funds In 2020, as the remaining money held in the restritted fund is believed sufficient to
cover remainin8 project requirements, mainly related to upgrading of the Church Centre.
24. Analys55 of Net Assets between Funds
Llabllltles
Total
over one 31 December
2020
Flxed Net current
assets
assets
year
Restrlcted Funds
Property Fund
Church Family Support Fund
Prime Time Fund
Word and Worship
Youth and Children Work
Other restrirted income
Old Rectory Project
Re-orderlng Proje
staniford Children Fund
Special Collettions Fund
Centre Refurbishment Project
Livestream Project
3,630,046
1440,0001
3,190,046
62,819
2,105
44,015
25,249
62,819
2,105
44,015
25,249
161,656
41,583
13.640
195,0001
66,656
41,583
13,640
39.840
39,840
Total Restrlrted Funds
3,630,046
390,906
1535,0001
3,485,953
Unrestricted Funds
1,729
301.838
303,567
Total Funds
3.631.775
692,745
1535,0001
3,789,520

Page 34
BUSBRIDGE PAROCHIAL CHURCH COUNCIL
NOTES TO THE FINANCIAL STATEMENTS (continued)
AT 31 DECEMBER 2020
24. Analysi5 of Net A55ets between Funds- 2019
Liabilities
Totsl
over one 31 December
2019
Flxed Net current
assets
assets
year
Restrfrted Funds
Property Fund
Church Family Support Fund
Prime Time Fund
Word and Worship
Youth and Children Work
Other restricted income
Old Rectory Project
Re-ordering Projert
Staniford Children Fund
Special Collections Fund
3,215,715
1440,OQVJI
2,775,715
47.114
2,104
67,302
27,473
4,761
55,771
48,419
10,486
985
47,114
2,104
67,302
27,473
4,761
150,771
48,419
10,486
985
195,(X)01
Total Restrirted Funds
3,215,715
359.416
1535,0001
3,040,131
Unrestrlcted Funds
335,498
335,498
Totsl Funds
3.215,715
694.914
1535,0001
3,375,629
25. Operatln8 Leases
Lessee
The charity had outstandlng commitments for future minimum lease payments
under non-cancellable operating leases, which fall due as follows..
2020
2019
Due within one year
Due between two and five years
Due after five years
1,321
4,623
1,099
4,632
290
5,943
6,021
Lessor
The charity was due minimum lease payments under non-cancellable leases
of Investment properties, which fall due as follows..
2020
2019
Due within one year
10,413
7,795
10,413
7,795

Page 35
BUSBRIDGE PAROCHIAL CHURCH COUNaL
NOTES TO THE FINANCIAL STATEMENTS Itontlnued)
AT31 DECEMBER 2020
26. Related Party Transactlons
During the year 13 12019- 161 Trustee5 gave a total of £56,855 {2019 - £55,994) in donations to the thurch.
In September 2020, the charity entered a contract for provision of technical online broadcasting services with
Jacob Taylor, 50n of Simon Taylor (Rector).
In February 2020, the charity entered an employment contract with Judith Hawkey, wife of Michael Hawkey
ITrusteel. as Children's Worker.
Amounts paid under these contracts during the year amounted to £16,080.
None of the key management personnel are remunerated by the charity.. the Rettor is remunerated by the
Guildford Diocesan Board of Finance.
27. Net Cash Provided by Operatlng Actlvities
Reconciliation of net income l expendlture to net cash flow from operating artlvltles
2020
2019
Net Income for the reportlng period
Adjustments for:
413,891
77.267
Depreciation charges
(Gains) on investrnent5
Interest & rents from investment5
Decrease I lincreasel in debtor5
IDecreasel / increase in creditors
38,454
1480,CM)31
123,8541
38,966
13,6591
37.688
139,8081
130,6321
140,0881
11,486
Net cash provlded by operatlng actlvltles
116,2071
15,913
28. Analysls of change In Net Cash
Asatl
Jan 2020
Asat31
Dec2020
Cashflow
Cash at bank and in hand
Loans falllng due within one year
Loans falling due after one year
423,594
15,0001
195,0001
126,8661
s,000
396,727
195,C(JO}
323,594
121,8661
301,727
Exclude5 Church Commissioners loan linked to potential asset sale at estimated value of £440,000
Asati
Jan 2019
Asat31
Dec2019
Cashflow
Cash at bank and in hand
Loans falling due within one year
Loans falling due after one year
442,873
iio,0001
190,0001
119,2791
5,000
15,0001
423.594
15,IK)01
195,(K)01
342,873
119,2791
323,594
* Excludes Church Commissioners loan linked to potential asset sale at estimated value of £440,OCK)

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