2020-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of Bishop Hannington Memorial Church, Hove

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	FOR THE Y	EAR E	NDED 31D	ECEMBE	R 2020
						TOTAL	TOTAL
			Unrestricted	Restricted	Endowed	FUNDS	FUNDS
		Note	Funds	Funds	Funds	2020	2019
			6				E
Income and endowments	from:						Restated
Donations snd legacies		2a	449,518	22,669		472,186	710,998
Other trading activities		2b	23,754			23,754	50,166
lnveslmsnts		2c	23,271			23271	17,864
Charitable activities		2d	1,458			1,458	1,707
Other receipts		2e
Tots I income			498,000	22,669		520,669	780,533
Expenditure on:
Raising funds
Other trading activities		3b
Charitable activities		3c	470,580	47,014		517,595	609,587	i
Governance Costs		3d	1,400			1,400	1,988
Total expenditure			471,980	47,014		518,995	611,575
Net gains/(fosses) oninvestments
Net incomel (expenditure)			26,020	(24,345)		1,674.5	168,958
Transfers between funds			8,844	(8,844)
Other recognised gains/losses:
Gains/(losses) on revaluation	offixed assets	5
Other gains/posses)
Net movement in funds			34,864	(33,189)		1,674	168,958
Reconciliation offunds:
Total funds brought forward at	1 January 2020		2,283,829	60,065		2,343,894	2,174,936
Total funds carried forward	at 31December	2020	2,318,694	26,875		2,345,569	2,343,895 I

ST	ATEMENT OF FINANCIAL PO	SITION AT 3	1DECEMBER 2020
		Notes	2020	2019
Intangible assets
Tangible assets			1,895,001	1,895,001
Heritage assets
Endowed investments
Total gxed assets			1,895,001	1,895,001
Stocks
Debtors			'I 212	181,050
Investments			310,484	71,379
Cash at bank and in hand			143,546	198,386
Total cunent assets			455,242	450,815
Creditors: amounts	falling due within one year		4,674
Net current assets	(or liabilities)		450,568	448,895
Total assets less curmnt liabilities			2,345,569	2,343,896
Creditors: amounts	falling due atter more than one year	9
Provision for liabilities
TOTAL NET ASSETS (OR LIABILITIES)			2 245 555	2,343,896
THE FUNDS OF THE CHARITY:
Endowment funds		Ioa
Restricted income	funds	10c	26,876	80,066
Unrestricted funds			423,693	388,829
Revaluation Reserve			1,895,001	1,895,001
Total unretaricted	funds	10b	2,318,694	2,283,830
TOTAL CHARITY FUNDS			2245 555	2,343,896

				Total	Tots I
				Funds	Funds
				2020	2019
				9	8
Cash flows from operating activities:
Net cash provided byf (used /nJ operating	activities			149,190	(206,977)
Cash flows from investing activities:
Dividends, interest and rents frominvestments				23,271	17,664
Pmceeds from the sa/e ofproperty, plant	and equipment
Pumhase ofproperty, plant and equipment
Proceeds from sale ofinvestments
Purchase ofinvestments
Net cash provided by/ (used in) investing	activities			23,271	17,664
Cash flows from financing activitieix
Repayments ofborrowing
Cash infiows from new borrow'ng
Receipt ofendowmenVlegacies				11,804	180,952
Net cash provided by/ (used in) financing	activities			11,804	180,952
Change in cash and cash equivalents	in the reporting		period	184,266	(8,361)
Cash and cash equivalents at the beginning of		the reporting	period	269,765	278,126
Cash and cash equivalents at the end	ofthe reporting		period	454,030	269,765
Reconciliation ofnet incomei (expenditure)		to net cash flow from		Tots I	Total
operating activities				Funds	Funds
				2020	2019
				9	8
Net income/ (expenditure) for the reporting		period		(10,131)	(11,992)
Adjustments for:
Depreciation charges
(Gains)i losses on investments
Dividends, interest and rents from investments				(23,271)	(17,664)
Loss/ (profit) on the sale offixed assets
(Increase)/ decrease in stocks
(Increase)/ decrease in debtors				179,838	(176,467)
Increase/ (decrease) in creditors				2,754	(854)
Net cash provided byi (used in) operating activities				149,190	(206,977)

	FORTHE	YEAR ENDI	NG 3%DEC	EMBER20	20{contlfff	fed)
						TGTAL
			Unrestdctcd	Rsseiclcd	Enduwmant	FucfGS
			Funds	Funds	Funds	2020
			0	6	6	6
2	nnsfysis ofIncome and endowments
a	Dcnadcns and fcgacfac
	Planned giving		185,498	3,716		188+14	18T,562
	Ccsacacns at aesmvicas		1,695			1,695	8,911
	Sundry donatkms snd appeals		72,058	18,953		$1,000	130,eea
	income iaxrac»varshla		37,798			37,796	51,262
	Gnmfs and BHCyyT		140,667			140,667	151,421
	tagaclss		11,604			'I12f04	180952
			449,518	22,669		472,187	710,906
6	Ceer S'ading acffvffiec
	Fund-ndcfng events
	Rents from Church Prcpareas					23,754	50,166
	Bcohstae, Tracts
			23.754			23,754	50,166
c	invacfmcnfc
	Rent from fafang cfinvasfmant	property	22,008			22,006	17,600
	Oividands and interest		1763			1463	664
			23 71			23+71	17,664
d	Chanfaefc activities
	Fess from weddings alc		1,3$7			1A9T	1,436
	Suhscrlpgcns, Taps salas, 8.Gfflca Income		61			61	271
						1458	1,707
s	Gfnar mcaipic
	lnswsnca dalms
			498,000	22,669		520,669	780,533

8.	Analysis of	N	et assets by fund
				Unrestricted	Restricted	Total Funds
				Funds	Funds		2020
				F	2		8
	Fixed assets		for church use	1,895,001			1,895,001
	Inwrstment	fixed assets
	Current assets Current liabilities			428,366 (4,674)	18,396 8480	r	446,762 3,807
	Long term liabilities
				2,318,693	26,876		2,345,569
					2020		2019
					8
7.	Debtors
	Income tax	recoverable			826		2,206
	Prepayments		and accrued income		224
	Other debtors				162		178,844
					1,212		181,050
8.	Investments
	Inw:stments	(Short Term Deposits)			310,484		71,379
					310,484		71,379

9.	Creditors: amounts	falling due within one year
a	Deferred income
	Accruals for utilities	and other costs	(4,674)	(1,920)
	Loans (interest free)
			(4,674)	(1,920)
b	Creditors: amounts	falling due alter more than one year
	Loans (interest free)