2020-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of St Mary Of Bethany, Woking

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St. Mary of Bethany – Annual Report of the Parochial Church Council for the Year Ended 31 December 2020

St. Mary of Bethany Church, Mount Hermon Road, Woking, Surrey GU22 7UH

St. Mary of Bethany Church is part of the Guildford Diocese within the Church of England.

PCC members who have served from 1 January 2020 are:

Ex-officio Members: Incumbent Mark Wallace (Chair) Associate Vicar Bekah Clark (from March 2020) Associate Minister (retired with permission to Ray Marks officiate) Curate Sarah Tapp (from June 2019) Deanery Synod Representatives: Elected October 2020 Rowena Vale (first elected 2018) Elected October 2020 Caroline Mendham Elected October 2020 Jonathan Miles Elected Members (maximum 6 continuous years): Church Wardens: Clare Mall (from April 2016 to October 2020) Michael Smith (from April 2018 to October 2020) Sarah Macdonald (from October 2020) Colin Hickman (from October 2020) Elected in 2017 for 3 years: Cesca Tennant (first elected April 2014) (all stood down in October 2020) Jonathan Ovens (first elected April 2014) Stephanie Roberts Elected in 2018 for 3 years: Sarah Macdonald (first elected 2015) David Thomas (first elected 2015) Elizabeth Edwards Rebecca Rowland (PCC Secretary from April 2018) Elected in 2019 for 3 years: David Jenkins (from April 2016, Lay-Chair from May 2018) John Brooks Elected in 2020 for 3 years: Derek Wade Simon Crosland Clare Mall Co-opted: Nick Mendham (PCC Treasurer)

The Church bankers are:

Barclays Bank PLC, Town Square, Woking Surrey GU21 1YG CAF Bank Ltd., 25 Kings Hill Avenue, Kings Hill, West Malling, Kent ME19 4JQ

The Independent Examiner is:

Edwards Greene, 9 Innovation Place, Douglas Drive, Godalming, Surrey GU7 1JX pending approval by the APCM, to perform the Independent Examination of the 2020 accounts.

Structure, Governance and Management

The Parochial Church Council (PCC) is a corporate body established by the Church of England. The PCC operates under statute law, The Parochial Church Council (Powers) Measure 1956. The PCC of St Mary of Bethany, Woking was registered with the Charity Commission on 26 March 2009 (registered No. 1128813). PCC members therefore act as charity trustees.

The rules of appointment of PCC members are governed by and set out in the Church Representation Rules. All Church attendees are encouraged to register on the Electoral Roll and stand for election to the PCC.

New PCC members are provided with information on the structure of the PCC and their role and responsibilities as a PCC member. PCC members are briefed on child protection issues by the Parish Safeguarding Representative (children). There are Finance and HR teams that advise and make recommendations to the PCC in these areas and while there is no formal Fabric Team the Church Wardens work with a number of members of the congregation on managing the fabric of the church and a maintenance budget is agreed annually by the PCC. All proposals for capital or on-going financial commitments or legal matters are approved by the PCC.

The major risks to which the PCC is exposed have been reviewed and systems or procedures have been established to achieve good practice and to manage risk in areas, such as health and safety, child protection, disability discrimination, employment legislation and sound financial management.

Standing Committee (SC)

This is the only committee required by law. It comprises the incumbent, Associate Vicar, curate, churchwardens, PCC lay chair, treasurer and secretary and has the power to transact the business of the PCC between its meetings, subject to any directions given by the Council. Other members of the PCC may be co-opted to the Standing Committee as necessary.

Ministry Team

This is composed of the clergy Mark Wallace, Bekah Clark, Ray Marks, Sarah Tapp and members of the staff team, and the church wardens (when they are available). Meetings are held regularly to plan and review ministry, and deal with issues as they arise.

The ministry staff are: Dave Doran (Youth Minister), Tina Thomas (Young Families Minister) and Kate Clarke (Children’s Minister). From September they were assisted by an Intern, Joel Thomas.

The administrative staff are: Jess McNutt (Office Manager), Sharon Row (Office Administrator) and Christine Strutt (Bookkeeper).

We are thankful for the arrival of Bekah Clark as Associate Vicar in March with a brief to develop our mission and evangelism.

Leadership Vision Team

The LVT is made up of representatives of the congregation, staff and ministers and its purpose is to help us discern God’s will for us as a church.

Go! Team

The Go! Team actively promotes mission both in the UK and overseas by keeping in touch with mission partners and encouraging the church to pray for those we support. The church gives 10% of its church giving to mission. The Go! Team’s budget represents 85% of this amount from which funds are allocated to mission partners both here in the UK and abroad. 15% is allocated to the PCC for responding to appeals that arise during the year, but during 2020 it was agreed that 10% of the 15% tithe would be given to St Michael’s Sheerwater for the next few years to support their ministry. The Go! Team also manages distribution of the funds raised annually through “Making Mission Possible”.

Finance Team

The Finance Team supports the Treasurer and guides the PCC in matters of financial management and stewardship.

HR Team

The HR team advises on and oversees our employment policies, recruitment practices and drafts employment contracts. They also administer and manage salary planning and implementation, administer the pension fund and payroll and benchmark new or replacement positions for salary planning.

Objectives and Activities

The PCC has the responsibility of co-operating with the incumbent, Mark Wallace, in promoting in the parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. The PCC also has regard to the Charity Commission’s guidance on public benefit.

St. Mary of Bethany’s mission statement is “God’s transforming people in our parish: To love Jesus, to serve and tell others, to be community”. The mission statement is in line with the first two priorities set out in the Diocese strategy of Transforming Church, Transforming Lives.

The Church Development Plan for the two-year period 2020-2021 is:

Going deeper – everyone taking the next step in their discipleship journey with Jesus.
Going further – developing our mission and evangelism to reach more people with the gospel.
Ready to build – consulting and planning to upgrade our church and building.

Members are encouraged to support the work of the church through prayer, service and giving.

For the first two months of 2020 Sunday services at 9:15 and 11am continued to offer different styles of service and celebration, with an opportunity for congregations to meet, have coffee and enjoy fellowship after each. These were supplemented by an 8.00am communion service on the first Sunday of each month. Ray Marks continued to be involved in preparing the preaching programme for the year which centres on expository preaching of Bible books, interspersed with some thematic series.

However, with the start of the Coronavirus pandemic in March 2020, services moved to a single online service at 10.30am along with pre-recorded Holy Communion services. From the summer of 2020 for the remainder of the year a single service was held in the church building with a small congregation in attendance but restricted by social distancing guidelines. Services were broadcast online and attracted good attendance including from people not based in Woking.

Homegroups provide the primary source of pastoral care and an important aspect of encouraging discipleship. These have been pivotal in the life of the church during 2020 as they moved to meeting virtually, but they have been one aspect of church life that has been able to continue during the pandemic. The majority of church members attend homegroups and there are groups which meet at a variety of times in the day, and different days of the week on a weekly, biweekly or monthly basis. The most common pattern is a weekly meeting on a Wednesday evening. Groups often follow the sermon series and use their time together for Bible Study, worship and prayer. Some homegroups actively engage in supporting mission partners and some groups are also involved locally in serving the community through local projects such as the Foodbank (Trussell Trust) and the Besom Project.

Attendance has picked up during the year, and a new online only group was formed. Support for homegroups was provided by a leadership team consisting of Peter and Heather Valetta, Jonathan Miles and Sarah Tapp.

Homegroups support the church and individuals through prayer. The church provides a monthly prayer diary to help direct prayer, and church members have been invited to join the morning prayer times with the staff team online during the pandemic. Central monthly prayer meetings have been paused whilst we cannot meet in church during the pandemic.

As well as running an Alpha course in 2020, we were also able to run the Talking Jesus course, equipping SMoB members in sharing their faith, and the Hope Explored course – both online.

Since March 2020 the Coronavirus pandemic has severely curtailed the activities that can be run in our church buildings. Regular activities such as bible study groups, music rehearsals, Bethany Babes parent and toddler groups, CAMEO (a fortnightly meeting for older people) and FNC and FX youth groups all had to stop meeting, although FNC was able to hold a few events with limited numbers. Some activities were able to move online, such as Talk Easy, an English conversation practice group.

A wide range of other community groups have also been unable to use the buildings during much of 2020, including Brownies, Guides and Rangers, resident association AGMs, performing art groups, and children’s party hire.

The Fun Clubs for children, one for boys and another for girls, in Barnsbury School were also stopped from March 2020.

During 2020 the staff have found ways to keep in touch with those who would normally attend the events and activities we have been unable to hold. For example, members of CAMEO have been phoned each week, whilst activities for children have been provided for them to do at home.

Achievements and Performance

In September 2020 there were 196 members on the Electoral Roll, which compares with 189 members in April 2019, an increase of 7.

2020 was the second year of our current two-year development plan.

As part of the focus on mission and evangelism the church ran an Alpha Course at the start of the year which started meeting in the home of congregation members, but then switched to meeting virtually once the pandemic started. The group contributed the nucleus of a new online Home Group. Whilst the pandemic meant that the only event apart from services that could take place for members to invite friends and family was the Christmas Encounter. A number of events were also held online including Chill Events, a Men’s Social and a Quiz Night for Tear Fund.

After a busy 2019, the church had a year off from acting as a polling station for any local or general elections.

As the next step in making us more outward focussed as a church we welcomed Bekah Clark as an Associate Vicar who would give us more capacity to reach the wider community. She started at the end of March, coinciding with the start of lockdown. However, during her first year Bekah has reviewed the mission and outreach of the church and has forged links with other evangelists in the Woking area, as well as preaching and sharing in other church ministries.

Sarah Tapp has continued her involvement in preaching and homegroups as she moved into her second year of training and took on leadership of the Alpha course.

In September Joel Thomas joined as an intern under the New Wine programme through until the summer of 2021. Whilst with us he spends one day per week training. He has particularly focused on supporting our children’s and youth work and has also contributed musically.

The church is committed to work with young people, both in terms of the time given by volunteers and staff, but also in the financial support provided. There is a regular programme of Sunday morning and evening groups for young people aged from around 4 years old to 18. In addition, the church provides two youth groups on Friday night (FNC and FX) which cater for young people aged 7-11, and 11-18, respectively, and is believed to be the only church in Woking providing Friday night clubs for children and youth. With the restrictions caused by the pandemic the team was highly creative in producing material and online events that children and young people could engage with. When the church was open a couple of family services were arranged on a Sunday afternoon. We are unusual as a church in the relationships we have with some of our local schools, not all of which are church schools. A number of schools normally bring their students to church for special services but were unable to this year. We have also been able to provide input to school assemblies.

For much younger children and their parents and carers we have a reputation for the care provided at Bethany Babes. Sadly, our two Bethany Babes groups were unable to meet from March onwards.

Ministry aimed specifically at older people is offered through CAMEO which normally meets twice monthly at church and has occasional trips out. With CAMEO also having to stop from March, the focus has been on remaining in touch with its members through a weekly phone call. It has not been possible to hold services in Ebbage Court and Homebeech.

Two areas where Church members have particularly stepped up this year are with music and AV technology. The music team under the direction of Paul Edwards has produced a significant volume of music videos for use for the Sunday Services and also the Christmas Encounter. They have been of a professional quality and have been made available for others to access through YouTube. With the switch to online services the Audio-Visual team, under Phil Vale’s leadership, has ensured that as many church members as possible have been able to access the services. The team also helped to specify the right equipment to purchase and install more permanent cameras, recognising that we will continue to stream our services for the foreseeable future.

Progress was made on developing the building to ensure it can support the church ministry and local community well into the future. Following the appointment of MEB Design as architects in 2019, the Building Task Group hosted a consultation event with church members and the immediate neighbours in March. The outline proposals were well received and were further developed during the year to take on board the feedback received. A planned consultation with the wider neighbourhood in the autumn had to be cancelled due the restrictions in place.

The PCC and SC met on 12 occasions during 2020, online since April. Meetings were structured to ensure that every aspect of church life has been considered over the course of the year, including those areas which enable the smooth and effective running of the church, such as HR, how we welcome newcomers and nurture members and young people, to those areas focussed on mission and our engagement with the wider community. Every meeting has examined the finances of the church and decisions about expenditure have been agreed by the PCC. PCC meetings have also reviewed our safeguarding. Inevitably during the year there was a focus on how we responded to the impacts of the pandemic on our church members, those who normally use our building, the community, the staff and our finances. This included agreeing appropriate cost reduction measures during the year, including utilising the Government’s Job Retention Scheme for periods when there was insufficient work for some of the staff to do.

Prayer continues to be central to all we do and in addition to regular prayer meetings (held daily online since March), opportunities for individual prayer in services and prayer chains, the church has published a monthly prayer diary.

The church supports a number of Mission Partners many of whom now have close ties with the church. It’s been a real encouragement that even during this time of lockdown and restrictions Mike and Liz Jeggo (OMF), Bob and Gail McLeod (MMM), and Jon and Elma Hargreaves (Amplifying Voices) have all been able to join us to share how God is at work around the world, and we were able to increase our financial support for our Mission Partners as reported in the financial section of this report. During the year we concluded our support for Tearfund and SU India, with the end of Tearfund’s Connected Church scheme (Kubatsirana) and the end SU India’s work in English-speaking schools. We continue to support 7 Mission Partners.

The church increased its use of social media to promote events and create community during the pandemic. Mark or one of the team post regular blogs and Facebook has been used to promote all that we have been able to do during the year. Our services are all accessible through the website.

Financial Review

Nick Mendham (Treasurer)

2020

2020 was another year of financial blessing for St Mary of Bethany, a year where once again, we stepped out in faith and were rewarded with generosity. Regular and one-off giving were slightly higher than in the previous year. We enjoyed greater returns from on-line shopping through easyfundraising.org.uk and the introduction of AmazonSmile. We added a donation page to the Home Page on our website during 2020. Income across all funds was £ 396k versus £ 351k in 2019. The General Fund income was £ 349k including tax recovery, 7% above the 2019 figure of £ 325k. Total church expenditure in 2020 was £ 388k, of which £ 306k was on the General Fund. The Diocesan Parish Share payment was £ 97k, 1% above 2019. The church staff costs were £ 170k, 18% higher than in 2019. This increase includes the appointment of our associate vicar.

Our commitment to Missions continued in 2020 at £ 66k. The Go!Team, PCC and church members, continued to support our main mission partners and local causes through Making Mission Possible and other giving. This was 14% above the previous year! We have used the PCC tithe (15% of the principal tithe, excluding Making Mission Possible) to support local mission and charitable organisations, principally St Michael ’ s, Sheerwater. The vicar also has a discretionary fund that is used to help people in times of hardship. Thanks to the generosity of church members, we have been able to replace our piano, purchase the additional audio/visual equipment that has secured our ability to continue to livestream services into the future, and repay the loan from the Buildings Fund that we took to help finance the original Audio-Visual project. A summary of the principal supported missions can be seen on Page 13 of the accounts at Note 13.

The lockdown due to Covid-19 required urgent action to reconsider and plan our finances through the year. We agreed to act swiftly to build plans to address different scenarios as the year unfolded. At an emergency meeting in April, the PCC approved plans to introduce contingency actions based on three levels of possible financial outcome. The purpose of this planning was to protect ministry and staff in the face of potential income shortfalls. In the event we were blessed by the Government ’ s Job Retention Scheme in the face of lower than budgeted plate-giving and one-off giving, as well as the increased regular giving as mentioned earlier. A consequence of the lockdown was lower ministry costs and we took the decision to defer certain repair costs as well.

We have been truly blessed as we have sought to be a generous church that aims to bless others. We thank God for His generous provision for our needs, where we ended the year with a small surplus having funded our original plans and more.

The 2020 accounts have been prepared by Hugh Andrews and Christine Strutt, with Richard Edwards (of Edwards Greene) once again undertaking the independent examination. We are very grateful to Hugh and Christine for their outstanding work in preparing the accounts.

The finance team of Nick Mendham, Hugh Andrews, Brian Harris, John Rowland and Richard Warne have met regularly through the year. We are delighted that Becs Allin joined the team in January 2021. Christine Strutt continues to do a wonderful job as bookkeeper. We are so grateful to our Treasury Ladies for their work in counting and banking, particularly Helen Brooks, who has come in every week during the lockdown to count and bank money placed in the wall safe. OptimumAccounting, (Knaphill) ran our payroll, an arrangement which generally has worked well. We communicated the financial position and needs of the church to our Sunday morning congregations at the church Annual Meeting in October, as well as at each PCC and Standing Committee meeting. Our original plan was to update on the vision and plan presented by Mark Wallace and how it was driving the financial and resourcing needs of the church. This was modified in

April, with PCC approval of an emergency budget in response to the Covid 19 lockdown.

2021 Budget :

The focus for our 2021 budget, which was approved by PCC in Jan, is to continue the delivery of ministry, pastoral care and outreach within and beyond the church in the local community. It is our intention to give a salary increase to our staff from 1[st] April, to support and house our curate, support and house our associate vicar, to maintain our training budget, similarly our IT budget and to replace equipment as necessary. We will maintain our commitment to tithing the income and to supporting Making Mission Possible. The breakeven budget approved by PCC includes a level of income that is £ 18k above the underlying historical trend that we have seen over the last few years, excluding legacies. As in all previous years, we need to focus on stewardship to raise the resources required to fulfil our plans in ministry and mission. We ask our donors to review their giving in the light of their current situation, particularly those who donate by Standing Order, whose giving has not changed for a while. We do lose income if our regular giving does not keep pace with inflation, which in turn affects our ability to deliver ministry and mission. Generosity is an important function of discipleship, and important for each of us to reflect upon as we continue to grow in faith. St Mary ’ s was blessed with extraordinary generosity in 2020 and we pray for this to continue in 2021. As we receive and observe generosity, in turn we are encouraged to be generous ourselves.

Important sources of income for 2021 will include:

Regular giving by weekly donation, monthly standing order and the Parish Giving Scheme. The PGS will be available online from April allowing donors to manage their giving directly. (We will provide full details in the coming weeks).
One-off donations. We do ask people to consider if they have surplus funds available at the end of 2020, from which an additional gift to the church could be made.
Wherever possible we ask people to gift aid their giving and donations as this tax recovery is a very important form of income for us. We are budgeting in 2021 for gift-aid recovery of £ 57k.
Bank and dividend interest from our accounts set up through Savings Champion.
easyfundraising.org.uk / AmazonSmile. These are simple ways to raise money for the church through online shopping.
Our legacy policy encourages members to consider St Mary ’ s in their estate planning (although of course we can ’ t predict the impact of this!).
Digital Giving whereby donations can be made by credit or debit card using the Sum Up card reader, which also accepts contactless payments.
The donation page on the home page of our website for one-off credit card donations.
Efficiencies. We continue to seek lower costs wherever possible.
We will take advantage of the Job Retention Scheme whilst the church remains closed.
A stewardship plan to sit alongside the new vision. We need someone to lead the implementation of this plan, which was written by the finance team.

It is possible that approved building and development plans with all permissions could be in place at the end of the summer. With these approvals our focus will turn to how the Building Project will be funded. It is important that we can separate what will be two clear priorities in funding; income (particularly one-off giving) to fund the running of the church and its ministries, and income to allow us to fund the entirety of the building and development plans. The PCC and the finance team will consider this point over the coming months.

Grants:

We will continue to search for opportunities to apply for grants wherever possible, including to reclaim VAT on maintenance expense from the Listed Places of Worship scheme.

Reserves Policy

Our free reserves on the General Account at the end of 2020 amounted to £ 77k, which equates to more than 2.5 months of expenditure on the General Account. This is above our policy minimum of 2 months of expenditure (equivalent to £ 56k). At the end of 2019 our free reserves were £ 79k. We remain in a satisfactory position, which is monitored on a regular basis through the finance team and PCC. Our Reserves situation and policy is reviewed at each finance meeting.

In addition to the General Fund, the PCC has set aside funds to act as seed capital for a future building project, to assist with any future major maintenance work, plus a fund to support the appointment of the associate vicar, now repurposed in 2021 as the Mission and Evangelism Designated Fund. Funds are also held for specific uses as requested by donors. Details of all funds are shown in Note 12 on Page 12 of the accounts.

Guildford Diocese retains the title deeds of our staff house at 46 Hawthorn Road, purchased by the PCC some years ago. The Central Board of Finance of the Church of England hold investments under an endowment (the Thorne Bequest), the annual income from which contributes towards the maintenance of the Church building. Our surplus cash funds are held in notice accounts with FSCS-approved banks and building societies and in current accounts with CAF Bank, Barclays and Virgin Money.

Signed:-…………………………………………………………….

Date:- …………………………………………………………….

ST MARY OF BETHANY CHURCH. WOKING FINANCIAL STATEMENTS 31 DECEMBER 2020 CHARITY REGISTRATION NUMBER.. 1128813 Mount Herny)n Road Woking Surrey GU22 7UH

Page I ST MARY OF BETHANY CHURCH. WOKING rNDEPENDENT EXAMtNER'S REPORT TO THE MEMBERsrfRUSTEES OF ST MARY OF BETHANY CHURCH, WOKfNG PAROCHIAL CHURCH COtrNCIL I report on the accounts for the year eTLded 31 December 2020 whieh are set out on pages 2 to 13. Respective responsibtlltles of the Trustees Ind¢pendent ExAminer The charity's trustees consider that an audit is not required for this year under se¢tion 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent ¢xamination is needed. It Is my Tespon5ibility to.. examine the accounts under Section 145 of the 2011 Act. follow the procedures laid down in the General Directions gsven by the Charity Commissioners in 5tIOn 145{5llbl of the 2011 Act. and stat¢ whether particular matters have come to my attention. Basis of Independent Ex#sniner'5 Statement My ¢xamination was ca1td out in accordanc¢ with the General Directions given by the ChaTlty Commi55ion. AR examination includes a review of the ttcetsunting words k¢pt by the charity and a comp?rison of ihe accounts with tliose recor. It also includes consideration of any llnusual items or dis¢losuTes in the accounts Seeking explanation5 from the management ¢ommittee concerning any such malter5. The procedure5 undertaken do not provide all the evidence that would be required in a fvll audti and consquently I do not cxpress an audit opinion on the accounts. Independent Examiner's Statement In connection with my examinatio no matters have come to rny ottention.. which give me reasonable ¢au5e to believe that in any material respect the requirements to kcep accovnting records in accordance with se¢tion 130 of the 2011 Aet. OT to prepare accounts which accord with these accounting records have not met" or (2) to which. in my opinioT4 attention should be drawn in order to enable a proper understanding of the accounts be reached. Richard Edwards FCA FCCA CTA Edwards GTeene Chartered Accountants 9 Innovation Place Douglas Drive Godalming Surrey GU7 IJX Date.. MaZOL

Page 2 ST MARY OF BETHANY CHURCH, WOKING STATEMENT OF FtNANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020 Unresiricted Fund5 General tk5ignated Revaluation Restrictal Endowment Fund5 TOTAL FUNDS 2020 2019 Note INCOME FROM: Donatior15 and Legacies 24 3 327554 46628 374182 325086 Church Activities 2b 4542 4542 6128 Fundraising Activities 2¢ 3174 3174 15839 Invebiments 2d 3232 361 3593 3689 Other Sour¢es 10232 10232 'roTAL INCOME 348734 46989 395723 350742 EXPENDITURE ON: GTants 808 34037 30718 65563 57892 13 Chur¢h a1Ville5 4b 304473 14803 2855 322131 311277 Fundraising Activities 4¢ 343 343 2237 TOTAL EXPENDITURE 30S624 488411 33573 388037 371406 Gainl(Loss) on Inve5tTr£nts 6b 827 827 1897 NET INCOMEI(EXPENDITURE) 43110 (48840) J4243 . 513 (18767) TiIANSFERS BETWEEN FUNDS 139806) 473 19267) NET MOVEMENT IN FUNDS 3304 233 4976 8513 (18767) RECONCILIATION OF FUNDS.. Tolal Funds brought forward at l Janllary 2020 12 389026 279572 28721 801427 820194 Total Funds carried forwwd at 31 December 2020 392330 279805 104108 33697 809940 801427

Page 3 ST MARY OF BrfHANY CHURCH. WOKING BALANCE SHEET AS AT 31 DECEMBER 2020 2020 2019 Note FIXED ASSETS Tangible fixed a55ets Inve5tmentS 6a 6b 419859 12866 414533 12039 43272S 426572 CURRENT ASSETS Debiors Investments Cash at bank and in hand 4435 253741 142249 400425 5765 253795 128727 388287 CURRENT LIABILITIES CTeditor5 amollnts falling due within one year {232101 (12432) NET CURRENT AssErs 377215 375855 Creditors- amounts falling due after mor¢ than one year 10 (1000) TOTAL NET ASSETS 809940 801427 PARISH FtrNDS Unrwtricted: General Designated Revaluation Reserve 12 12 12 392330 279805 104108 389026 279572 104108 776243 772706 Re5tTiCted 12 20831 16682 Endowment 12 12866 12039 TOTAL FUNDS 809940 801427 Approved by th¢ Parochial Church Council on 2021 and signed on its behalf by= The notes on pages 4 to 13 fomi part of these accounts.

Page 4 ST MARY OF BETHANY CHURCH, WOKING NOTES TO THB FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 ACCOUNTtNG POLICIES The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 together with tli¢ Statem¢nt of R¢comTnerKied Pra¢ti¢e applicable to charities preparing their accounts in accordance with ihe Firtancial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021. Televant accounting standards and ChIlY law. The financial statements have been prepared under the hL5torical cost convcntion cxccpt for the valuation of investment assets which are shown at market value. The finèncial statements include all transa¢tion5, assets and liabiliti¢s for which the PCC is responsible in law. They do not include the account5 of chur¢h groups that owe their main affiliation to another body. nor those that are informal gatherings of church membeTS. The church is a public rt¢fil entity. There are no rnaterial uncertaintie5 about it5 ability to continue and the financial statements have been prepared on a going concern ba515. Funds Unre5tricled fijnds represent the fvnds of the PCC that are nix subject to any restri¢th)ns regarding their use arKI are available to be used for the general purp05e5 of the PCC. Designated funds comprise unre5trÉcted ndS that have be¢n s¢t aside by the PCC for particular purp05e5. Restricted fi]nds represent la) income from trusts or endowtnenis which may be expetKled only on those restricted objects provided in the terms of the trust or beqllesi, and {b) donations or grants received for a 5pecifsc object or invited by rhe PCC for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the cnd of each year is caryied fonvard as a balance on that nd. Endowment ndS represent assets received that may not exhausted,. only the iOme may be spent. N inv¢siment gain5 and 1055es are recognised within the endowment fijnd. Ineomlng Resources Donations and Legacies Collections are reeognised WTrn received by or on Fkhalf of th¢ PCC. Planned giving is re¢ogDised when received. Income tax recoverable on Gift Aid dorntions is re¢ogni5ed when the income 15 re¢ognised. Grants and legacies to the PCC are accounted for &s 500ll the PCC 15 notified of its legal entitleTnent. the amount due ean be measured reliably and its ultimate re¢eipt by the PCC is probable. Gifts in kind donated for distribution are included at valuation and recognised as part of &)nated income when distributed. with thE equivalen¢ aTTUnt rewgni5ed as charitable expenditUTe. In acttsrdancc with the SORP, no value has Eeen attributed to the work performed by volunteers, although the work is consider¢d vital to the mission of the ¢hurch. Fundraising Activities Rental income from the letting of church properties is recognised when the rental is due.

Page 5 ST MARY OF BETHANY CHURCH, WOKtNG NOTES TO THE FENANCIAL STATEMEwrs FOR THE YEAR ENDED 31 DECEMBER 2020 {c(Trntinued) ACCOUNTING POLICIES (continued) Investment Incorne Dividends are accounted for when due and payoble. Interest entitlements are accounted for as Ihey accrue. (iv) Gains and losse5 on investments Realised gains or losses are recognised when investments are 501d. unrealld 8ains or k>ss¢s are accounted for on revaluation of investments. Resource5 expended Expenditure is accounted for on an ac¢ruals basi5. and is recorded gross. The share of PaTorhial Fee5, primarily Charg for weddings and fvneral4 payable to the Diocese is accrued and accounted for when the corresponding incorne 15 recognised. Grants and donation& including the proportion of donaied income set 2side by the PCC to be paid out to individua15 and institutions for missionary purposes. are accoullted for when paid over. or when there is a legal or constrllcÈive obligation to make a payment. the payment 15 probabl¢ the amount can be measuied reliably and there are no conditions attaching to the payment that limit it5 recognition. Tangible Fixed Assets Tangible fixed assets are recorded at cosl excep¢ as noted below. Consecrated Property Consecrated and beneficed property of any kind 15 excluded from the accounts by Section 10 of the Charities Aet 2011. All expenditure OTS ¢onsecTated or beneficed buildtngs is written off as incurred. Movable Church Furnishings Movable church fijrnishings held by the Vicar and Churchwardens on sp¢¢ial trust for the PCC and which require a faculty for disposal are Inalienable property. listed sn the church's inventory, which can be inspected lat any reasonable time). FOT inalienable property acquired prior to 2001 there is insuificient ¢osi inforniation available and therefore such assets are not Vdlued In the accounts. Items a¢quiTed since l January 2001 over £l.000 have Ften capitalised. items under £1,000 have been expensed as incurred. All expenditure on the repair of movable church fijrnishings is written off as in¢urred. Church Equipment and Office Equipm¢nt Church eouipmcnt and offi¢e equipment {including computer equipment and software) ov¢r £1,000 is capitalised. Items under £l.000 are wrttten off as incurred. Freehold Land and Buildings Frtehold land and buildings are revalued every 5 years to the ¢urrent market value and an impairment review is carried out at each year-end in the intervenÉn8 yeaTS and any resultant Ioss identified included in the expenditlli¢ for the year.

Page 6 ST MARY OF BETHANY CHURCH, WOKING NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 (continued) Depre¢iation is provided at tates calculated to write off the costs as indicated below.. Freehold properties Movable Church Furnishin85 Acquired 2001 to 2013 A¢quired from 2014 Audio Visual Equipment Other Church EquipIrnt Otrice Equipment Strdight-line basi5 over individual usefvl economic lives Reducing balance basis of 250/0 pa Straight-lin¢ basis over 15 years Reducing balance basis of 25/0 pa Reducing balance ba515 of 250/0 pa Fixed Asset IllvtTnets Fixed asset investments are recorded at market value. Current Assets Debtors aTe measured ai the consideration expected to be received in their %ettlen)ent or the amount paid in advat]ce by the ¢huToh foT the goods or services it will receive. Current asset investments ¢ompris¢ Cash dep)sits with a maturity of le5S than one year that are not held to meet short-iemi cash ¢ommitments as they fall due. They are recorded at their mark¢t value. Cash at Bank aHd in Halld are deposits held to wKet short-t¢mi cash ¢ommitments as they fall due. Current Liabilities Creditors are recogniscd when the liability 8ri5e5 and are measured at ihe cash amount or other consideration expecied to bB paid in their setilement or the amount received by the church as advance payment for goods or services provided. CoDcessionary LoaDs Conce55ionary bans aTe initially Te¢ognibed in ihe accounts at the amount received with the carrying amount adjusted in subsequent years to refiect repayrnents and any accrued interest. Pension Costs The PCC operates a defined contriEMJtion pellsion 5chetne for Staff. The amtsunts ¢harged to the St*etnent of Financial Aciivitie5 (SOFA} in respect of penston costs are the contributions and scheme ftes payable in the period. Differences between the amounts payable in the yegr and amounts actually paid are shown as either accruals or wepayments in the balance sheet. TAxAtion St MaTy of Bethany Church is a registered Charity and is thu$ exempt from taK on income and 8ains to the extent that these are applia to its charitable objects. ITrecoverable VAT is not separately aTvalysed and is charged to the &atement of Fin8ncial Activities when the exndituTe tt> which it relates is incurred aThJ is allocated as part of that expendiiure.

Page 7 ST MARY OF BETHANY CHURCH. WOKtNG NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 (continued) INCOME Unrestricted Funds General Designated All RestTiCted and Endowtnent Funds TOTAL FUNDS 2020 2019 (a) Donation5 and Legacies Planned Giving= Gift Aided donations Other Other Chur¢h Giving-. Gift Aided donatior Other Tax Recoverable Legacies GraTrts Donated ggods for distribution Total 194132 12933 300 194432 12933 187486 17311 37273 10138 62575 10503 30763 4846 7766 68036 14984 70341 10503 39222 21123 56774 1290 1880 325086 2953 46628 2953 374182 327554 Ib) Church Aetivities Fees Youth A¢tivitie5 OtheT Activities Total 3874 543 125 4542 3874 543 125 4542 4056 1965 107 6128 (c) Fundraising activitÈes Rental in¢ome Oiher fjjndraising incoJr Total 2610 564 3174 2610 564 3174 15060 779 15839 {d) Investnrnts Gr055 bank interest Dividends Total 3232 3232 361 3593 3339 350 3689 361 361 3232 {e) Other Sources Coronaviru5 Job Ret Scheme Othcr in¢ome Total 10083 149 10232 l(M)83 149 10232 TOTAL INCOME 348734 46989 39S723 350742 DONATED GOODS AND SERVICES Donated goods recognised in these accounts ¢omprise groceries given by ChUh members for distributton to the local foodbank. The church benefits from the contribution of many unpaid general volunteers in all areas of church life- for example in worship (leading services), dis¢iple5hip (hosting home groups). mission {servin8 on the Go! Teatn), prayer Itnember5 of ihe prayeT Ttiinistry te&m), children's work (leading groups), fabric mainienance (building Tepairs), administration (maintaining rota51 and many more. It is iTnpractical to place a value on this ¢onlribution and therefor¢ it is not included in these a¢¢ounts.

Page 8 ST MARY OF BETHANY CHURCH, WOKING NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 {continud) EXPENDITURE Unrestricted Funds General Designated All Resiri¢ted and Endowment FUNIS TOTAL FUNDS 2020 2059 la) Grants Missionary and charitable giving= PCC Giving Makints Mission P05sible Donated Goods Other Giving TotAI Grants 34037 34037 26313 2953 2260 65563 36916 14851 1880 4245 57892 26313 2953 1452 30718 808 34037 (b) Church aclivities Staffujg 170296 170296 143634 Diocese Diocesan Parish Share Diocesan fees Total Diocese 97027 2447 99474 97027 2447 99474 95966 664 96630 Building Depreciation of Equipment Maintenance and Repa8 Heat, light & water Insurance Cleanin8 Professional fees Total Building 7407 1578 3101 2675 7407 3706 3101 2675 7122 8126 6554 2629 230 14850 39511 1860 268 12534 14394 12534 29423 14761 268 Ministries Childrens MinistTy Vicar's Ministry Hospitality Outreach Worship Mintstry Curates Ministry Vicar's Discretion8ry Fund Youth Ministry Young Families Ministry Books Youth and Childtens EveDIS Pastoral Ministry Total Ministries 1742 1197 353 854 649 798 1742 1197 iooi 854 826 798 725 453 427 211 42 1828 2472 2296 385 1066 334 2079 1741 634 58 1139 30 14062 645 177 725 453 427 211 42 6726 1550 8276

Pag¢ 9 ST MARY OF BETHANY CHURCH. WOKING NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 (continued) RESOURCES EXPENDED (continued) Unrestri¢t¢d Funds General Destgnated All RestTlCted and Endowmenl Fund5 TOTAL FUNDS 2020 2019 (b) Church aetivitie5 (continued) Support and Other Costs IT Softwar&Consumables Accountan¢ylBookkLrping Telephone & Internet Communications PrintinglStationerylPostage Bank Charge5 Subscription5 Equipment Flowers Independent Examination Sundry Expenses Total Support and Other Costs 4260 2196 1793 1033 766 461 405 250 229 iooo 5260 2196 1793 1479 766 461 405 250 229 4728 1277 1670 1250 409 37 329 1514 706 600 2870 17440 1823 13216 1823 14662 409 1037 Total Chureh Activities 3(M473 14803 2855 322131 311277 (c) Fundraising activities Rented House Costs Other Fundraising Activity Costs Total FndlSing Activiti¢s 343 343 1902 335 2237 343 343 TOTAL EXPENDITURE 305624 48840 33573 388037 371406 STAFF COSTS 2020 2019 Wages and salaries Social security wsis Pension ¢osis Total 103155 117808 3049 5024 4087 4796 110291 127628 The church op¢vdt¢s a defined contribution Pension Scheme for its employees. All payments due in th¢ year have been char8ed to unrestricted fvnds in the Statement of Financial Activities. No employees received emoluments of more than £60.000 for the year (2019 None). No remuneration was paid or benefits provided to the chUh,$ key manageryknt personnel - the Vicar and otheT PCC [rMberS 12019 None). The average number of staff employed during the year was 7 (2019 9). comprising 2 full tirne {2019 2) and 5 part time staff {2019 7). which equatcs to 3.8 full time ¢quivalent pDsts12019 4.51.

Page 10 ST MARY OF BETHANY CHURCH. WOKING NOTES TO THE FtNANCIAL STATEMENTS FOR THE YEAR ENDED 31 DBCBMBER2020 {continued) FIXED ASSETS FORUSE BY THE PCC Freehold land and buildings Office equipment Audio Visual Equipment Church equipment Total la) Tangible fixed assets Cost At l January 2020 Additions At 31 December 2020 3501K>O 27467 76915 9823 86738 20263 2910 23173 474645 12733 487378 350000 27467 Depreciation At l January 2020 Charge for the year At 31 December 2020 22286 1295 23581 18369 5243 23612 19457 869 20326 60112 7407 67519 Net Book Value 31 December 2020 31 December 2019 3511000 350000 3886 5181 63126 58546 2847 806 419859 414533 The fre¢hold land and buildings comprise 46 Hawthorn Road on the Bamsbury Estate. which wa5 valued on an open rnarket basis in 2016 by G Amone of Foundations. Its historical cost is £245892. (b) Investment5 Balance I January 2020 AdditioThs Withdrawa15 Gain Balance 31 December 2020 Quoted Invc5tments= CBF CofE Investmeni Fund TotAI 12039 12039 827 827 12866 12866 DEBTORS 2020 2019 Rented house dew)sit Accounts receivable Income tax recoverable Prepayments and accrued income Total 1904 217 1987 327 4435 1904 450 2889 522 5765

Page 11 ST MAEiY OF BETHANY CHURCH, WOKtNG N(JfES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 (continued) CURRENT ASSET INVESTMENTS Current asset investments ¢omprise cash on dcposit Wlth maturity periods of less than one year- £8459) is available immediately (2019 £84595) and a further £169146 is available within 3 month5 {2019 £169200). CREDITORS.. AMOUNTS FALLG DUB WITH]N ONE YEAR 2020 2019 Accruals and deferred income Taxaiion and Social Sexurity Other creditors ConcessionaTy loan Total 8525 2056 11629 iooo 23210 4084 1775 557i 1000 12432 io. CREDITORS.. AMOU[s FALLING DUE AFfER MORE THAN ONE YEAR 2020 2019 Concessionary loan 1000 An interest-free urtsecured loan of £5,000 wa5 recesved in 2016 to help finance the installation of a new boiler. It 15 repayable over five years in equal annual instalments. ANALYSIS OF NET ASSETS BY FUND Unrestricted Funds Designated Revaluation Restricted Funds Endowment Fund Total G¢neral Tangible fixed assets Fixed asset investments Current assets Cutrent liabilities 315751 104108 419859 12866 400425 123210) 809940 12866 91190 (14611) 392330 286585 (6780) 279805 22650 (1819) 20831 104108 12866

Page12 ST MARY OF BETHANY CHURCH, WOKfNG NOTES TO THE FtNANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 (continued) FUND DETAILS Balance l January 2020 Movemeni in Resources.. Income Expenditure Transfers Gain {L05ses) Balance 31 December 2020 Unrestricted Funds General Fund 389026 348734 (305624) (39806) 3923311 Designated Fund5'. Major Maintenance GolTeamlPCC Tithe Buildin8 Development Associatc vir Total 2775 18571 186976 71250 279572 {1860J (34037) (12943) 915 17289 190351 71250 279805 32755 16318 {48840) 49073 Revaluation Re5erv¢ 104108 104108 Restritted Funds Vicar's Discretionary Associated Vicar Mi5SiOnS Organ Reparrs Youth Activities Equipment Building Development Thorne Bequesl Income St Mary's LD¢al Mission Work Makin8 Mission P055ible Total 1714 {7251 1953 5257 2806 2451 5052 (5052) (177) 2214 239 10459 2037 239 11252 11098 (1038) {9267) 361 (268) 93 28764 46989 (26313) {33573) (2451) (9267) 16682 20831 Endowment Funds Thorne Bequest Capital 12039 12866 Fund5 are held for the followin8 purp05e5'. Major Maintenance Fund To help meet the costs of any fvture major building repair Gol TeamlPCC Tithe Fund To set aside funds to donate to mission partners. Donations are made every six months To Set aside fvnds as seed capitsl for a Major church building project To help fvnd the A55ociate Vscar To lI¢ve SeS of hardship in the parish. at the dis¢¥etion of the Vicar To record donations given for specific mission work To record dor2ations given for the repair of the organ To record payments by attendees at children's and youth events. and donations towards the work of the ¢hildrell'S and youth Tllini5tTies To recgrd donatiotLS received towards the purchase of equiprnent for church use St Mary's Local Mi55ion Work To record donations towards the mission work of St Mary of Bethany Making Mission Possible To record donations Te¢eived for specific mLS510n WOTk as a result of the Making Mission Possible weekerKI in 2020 TIK>rne Bequest Income and The Thorne Bequest is a permanent endowment which requires income Capital to be spent on the maintenance of Ihe church building Building Developrnent Associate Vicar Fund Vicar's Discretionary Fund Missions Organ Repairs Youth Activities Equipment Fund Material transfers between fvnd5 weTe in the year". (al frorn the Generdl Fund to the Go! TeatT]IPCC Tithe Fund totalling £32755 {2019 £30039) being a tithe of the ¢huT¢h's unTe5tTjCtcd donated in¢ome (b) from the Equiptnent Fund to the General Fund totalling £9267 (2019 £0) (c) from the General Fund to the Building Development Fund £16318 {2019 £0)

Page 13 ST MARY OF BETHANY CHURCH, WOKtNG NOTES TO THE FfNANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 (continued) 13. GRANTS The following list includes all instituttons or individuals ihal re¢¢ived grants OT gift& with those over £lOOO described.. 2020 2019 To Institutions: OM-forA&CMall HCR- for J & E Hargreave5 CMS for F and S Yanez For Ann Moor4 Ki5iizi Hospital, Uganda Media Matters Ministries- for B & G MeLeod OMF- for M & L Jeggo St Michael's Church, Sheerwat¢r Engage Redeemer Grace Church. Geneva TEAR Fund M02ambique Indonesia Appeal ChTlStma% Appeal Big Quiz Local schools Ibooks and Bibles) Woking H05pice Wokin8 Stre¢t Ange15 Westmark Trust- for S Jaisunder Others- 3 institutions (2019- 16) 9682 4610 7422 6644 400 6974 1749 1000 6276 7304 1352 526 969 790 1027 8338 7690 6402 6000 5944 5495 375 841 1000 iooo 375 1014 2260 4827 To IndividuAI5: C Brassil- foT Ministry Leaving gift Others- l individual (2019- 1) Total iooo 520 362 56012 10 62610 Groceries donated to Woking Foodbank 2953 1880 TOTAL 65563 57892 Grants and gifts can b¢ 4naly5ed between: Supporting the relief of suffeTing in the local cornmunity Supporting the relief of sufftring worldwide Supporting Christian mission locally Supporting Christian rni55ion worldwid¢ TOTAL 4239 841 13682 46801 65563 5034 173 9203 42882 57892 No support ¢osts were alk>cated to grant-nmking activities. 14. TRANSACTIONS WITH MEMBERS OF THE PCC AND (yfHER RELATED PARTIES Grants totalling £9682 {2019 £4610) were made to OM to further A Mall's work supporting Christian mission overseas. A Mall is related to PCC Member C Mall. In line with the PCC'S ¢onfli¢i of interest provisions, C Mall did not take part in decision-making for these grants. No PCC mernber received any remuneration or employment benefit (2019 None). There w¢r¢ no PCC member expenses incurred12019 None). The total aggregate amount of donation5 receiv from PCC members and other related parties totalled £54122 (2019 £39609) in the yeaT.

ST MARY OF BETHANY CHURCH. WOKING FINANCIAL STATEMENTS 31 DECEMBER 2020 CHARITY REGISTRATION NUMBER.. 1128813 Mount Herny)n Road Woking Surrey GU22 7UH