# ## ## ## ||||Pages| |---|---|---|---| |Annual
Report ofthe PCC|||| |Responsibilities
ofthe|PCC||| |Report ofthe Independent||Examiner|10| |Statement of Financial|Activities||| |Statement of Financial|Position||12| |Statement of Cashflows|||13| |Notes to the Accounts|||14| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||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| ## ## |||||||||TOTAL|TOTAL| |---|---|---|---|---|---|---|---|---|---| ||||||Unrestricted|Restricted|Endowment|FUNDS|FUNDS| ||||||Funds|Funds|Funds|2020|2019| |||||||6|6|6|5| |3|Analysis ofexpenditure||||||||Restated| |a|Raising Funds||||||||| ||Special appeal costs||||||||| ||Stewardship
costs||||||||| |b|Other trading costs||||||||| ||Fundraising
costs||||||||| |c|Charitable
Activities||||||||| ||Missionary
and charitable|||giving:|||||| ||Omrseas:||||||||| ||Mission
Development||||||||1,424| ||Home:||||||||| ||B H Christian|Workers Trust|||31,000|||31,000|25,552| ||Aldrington
School||||850|||850|850| ||Sussex Gospel||Partnership||1,500|||1,500|1,500| ||Special Gigng||||2,340|5,833||8,173|12,615| |||||Sub total|35,690|5,833||41,523|41,941| ||Ministry costs:||||||||| ||diocesan|parish||contribution|121,215|||121,215|119,619| ||other clergy costs||||27,426|||27,426|27,370| ||Church
running
expenses|||(oflice)|14,269|||14,269|13,633| ||Chumh
maintenance||& upkeep||26,215|||26,215|35,946| ||General
Ministry
and||BHCWT||199,375|||199,375|190,232| ||General
ENangelism||||318|41,181||41,500|123,805| ||(including
buildings|redevelopment)|||||||| ||Upkeep ofhousing||||2,747|||2,747|1,040| ||Youth Ministry costs||||32,125|||32,125|40,804| ||Church
hall running|costs|||11,139|||11,139|15,135| ||Bank charges||||60|||60|60| ||Depreciation||||||||| ||||||470,580|47,014||517,595|609,587| |d|Governance
costs||||||||| ||Independent
examination|||fee|1,400|||1,400|1,988| ||||||1,400|||1,400|1,988| ||Tots I expenditure||||471,980|47,014||518,995|611,575| ## ## ## ## ## |Tangible fixed ass|ets|||||||| |---|---|---|---|---|---|---|---|---| ||||Freehold
Land||Motor|Church|TOTAL|| ||||and Buildings||Vehicles|Equipment||| |Cost or valuation|||F||8|||| |At 1 January
2020|||1,895,001||||1,895,001|| |Additions||||||||| |Disposals||||||||| |Revaluation||||||||| |At 31 December 2020|||1,895,001||||1,895,001|| |Depreciation||||||||| |At 1 January
2020||||||||| |Progded
in the year||||||||| |Disposals||||||||| |At 31 December 2020||||||||| |Net book amounts||||||||| |At 31 December 2020|||1,895,001||||1,895,001|| |At 31 December 2019|||1,895,001||||1,895,001|| ||||||||2020|2019| ||||||||8|| |The freehold land|and buildings|comprise ofthe fblfowing at||||valuation:||| |Holy Cross Church|||44, Shelley|Road|||1|1| |Vicarage|||82, Holmes|Avenue|||550,000|550,000| |House|||80, Holmes|Avenue|||300,000|300,000| |Holy Cross Curate's|House||43, Hogarth|Road|||550,000|550,000| |Youth 8 Community|Centre and Flat||38, Holmes|Avenue|||495,000|495,000| ||||||||1,895,001|1,896,001| ## ## |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)|||| ## ## ## |||||||Bal b/fwd|Income|Expenditure|Transfers,|Transfers,|Bal cffwd| |---|---|---|---|---|---|---|---|---|---|---|---| |||||||1 Jan 2020|||other gains||31 Dec 2020| ||||||||||and|losses|| |a|Endowment||Fund||||||||| ||Total Endowment|||Funds|||||||| |b|Unrestricted||Funds||||||||| ||General|||||128,821|468,641|(426,329)|(58,654)||112,479| ||Revaluation|resene||||1,895,001|||||1,895,001| ||General
fund|||||2,023,822|468,641|(426,329)|(58,654)||2,007,480| ||Designated|Funda|||||||||| |1.|Other Funds||(Holy Cross)|||9,610|11,368|(5,496.28)|||15,482| |2.|Youth & Family Ministers||||Fund|7,182|11,186|(28,003)||17,000|7,366| ||(Holy Cross)||||||||||| |r3.|Major Capital||Projects (Legacy|||||r|||| ||||Fund)|||248,333||(12,153)||45,381|288,365| |4.|Special Fund||for the Deaf|||(5,118)||||5,118|| ||(Goldstone)||||||||||| ||||Sub||total|260,008|29,359|(45,652)||67,498|311,213| ||Tots I Unresb icted|||Funds||2,283,829|498,000|(471,980)||8,844|2,318,694| ||||Canied forward|||2,283,829|498,000|(471,980)||8,844|2,318,694| ## ## ## ##