2020-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of Holy Trinity, Redhill

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Contents
General Information.
Introduction. .
Chairman's Report 2020.. Structure, Organisation &Governance Report ofPCC Meetings. .			3„. ..5
PCC Management Committee	(PMC).		.6
Fabric Report..			.7
Financial Review. .			.8
Deanery Synod			.10
Electoral Roll Report.			.10
Statement ofParochial Church	Council	Responsibilities. ....
Independent Examiner's Report	to the	Parochial Church Council of Holy Trinity
Redhill. .
Statement of Financial Activities for the Year Ended 31 December 2020....			....13
Balance Sheet at 31 December 2020.			.14
Statement ofCash Flows
Notes to the Financial Statements.			.18
1. Accounting Policies.			,16
2. Income			,18
3. Expenditure			.19
4, Staff Costs			20
5, Fixed Assets .			21
6. Investments			21
7. Debtors			21
8. Liabilities Due Within One	Year.		21
9. Liabilities Due After More	Than One Year		22
10. Analysis of Net Assets of	Funds		22
11. Fund Details, .			23
12, Pension Scheme,			24
13. Missionary and Other Chaditable		Giving	24
14. Related Party Transactions.			25

nformation	nformation
Registered Charity		Number	1130733
Members ofthe	Parochial		Church Council
Vicar			Mick Hough
Assistant Clergy			Sarah Alexander
Churchwardens			Paul Taylor (to October 2020)
			Lynn Crlttenden
			Mike Gordge (Assistant		Churchwarden,		from Qotober 2020)
Deanery Synod	Representatives
Ruth Inwood (Diocesan Synod)
David Keiller (Diocesan synod)
Nicholas Baker			Peter Telford
David Durant
Timothy Hart			Sarah Dyer
Treasurer			David Field (co-opted)
Secretary			Mark Inwood
Church Councillors
Keith Baxter (to July		2020)	Mike Gordge (from April 2020)
Michael Durant			Sally Parker
Ruth Inwood			Rowan Moor
Management Committee
Churchwardens,	Operations		Director, Nick Baker, Sally		Parker, Peter Telford (also
			the Vicar, ex officio)
Correspondence	address		The PCC Secretary,	Holy Trinity			Church Centre,
			Carlton Road, Redhill,		Surrey, RH1 2BX
PCC Bankers			National Westminster		Bank pic, Station Road,
			Redhill, Surrey, RH1		1QN,
			CAF Bank Ltd, 25 Kings			Hill Avenue,		Kings	Hill,
			West Mailing, Kent, ME194JQ
Independent Examiner			Miriam Hickson, 5 Robin			Hood Lane,		Sutton,
			Surrey, SM1 2SW

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				2020	2020	2019
			Note			K
Fixed assets
Tangible fixed assets				447,	105	462,274
Investments				~41	32	46737
				4~88	433	~609011
Current assets
Stocks					384	367
Debtors				98,522		40,659
Cash at bank and		in hand		1497	(53	1 297 848
				1,596&909		1,338,871
Liabilities	(falling	due within one year)		8	939	9921
Net current	assets			1SSSsr		1 328960
I iabilities	(falling	due after more than one year)		67	9	66000
Total net assets
Funds
Unrestricted			10	559,125		543,549
Restricted Endowment			11 11	1,408,985 ~41 28		1,181,875 46 737

For the year ended	31 D	ecember 2	020
					2020	2019
UNRESTRICTED FUNDS
Donations from Members					285,991	289,969
Gift Aid Income Tax					60,993	55,651
Legacies					42,027	25,174
Other Income from Members					7,198	33,281
Church Centre Lettings					6,396	17,710
Grants					1,420	6,079
Investment Income received					2,479	2,812
Other Income					3,402
					409,906	430676
Local Expenditure				184,563		220,265
Ordained Ministers snd Diocesan contribution				179,240		175,878
Missionary and Charitable Giving Activities				28,562		32,222
Change in Long Term Loan	Liability			1,965		2,360
					394,330	430,725
Net income / (expenditure) per the SoFA)	for the	reporting	period (as		15,576	(49)
RESTRICTED FUNDS
Net flows from operating activities					226 310	367,878
TOTAL FLOWS FROM OPERATING ACTIVITIES					240,886	367,629
Adjustment for:
Investment income					(15,602)	(15,075)
Depreciation charges					15,169	15,169
Change In Long term Loan Liability					1,965	2,380
(Increase)/decrease in Stock					(17)	(35)
(Increase)/decrease in Debtors					(57,863)	115,896
Increase/(decrease) in Creditors					(982)	(8,385)
Net Cash provided by Operating		Activities			183,558	477,559
Cash Flows from Investing	Activities
Purchase of Fixed Assets
Cash Flows from Financing ActIvities
Investment Income received					15,602	15,075
TOTAL ALL FUNDS Change in Cash and Cash	Equivalents				199,15S	492,634
Cash and Cash Equivalents	at 1 January				1,287016	806 211
Cash and Cash Equivalents	at 31	December			1,497,003	1,297,845

			2020				2019
2. Income		8	8
		Unrestricted	Restricted		Total	Unrestricted	Restricted	Total
2(a) ~Do ~iona a
leclacies
Planned giving
- Gift Aided		251,581			251,581	234,476		234,476
-Tax recoverable		60,993			60,993	65,651		55,651
- Non Gift Aided		31,522			31,522	28,721		26,721
-Envelops scheme		391			391	2,826		2,826
Collections		2,387		285	2,672	14,577	6,175	20,752
Building ProJect
- Gift Aided			129,146		129,146		127,514	127,514
-Tax recoverable			34,946		34,946		22,021	22,021
- Non Gift Aided			46,620		46,620		211,947	211,947
Donations Klegacies ~g ti		42,137	1,500		43,637	3B,543	(2,557)	33,988
Grants		1,420	18,750		20,170	8,079	10,000	16,079
Allsorts						4553	400	4,953
		380,431	231,247		621,678	381,428	378,600	786,928
2(b) Activities	for
~ f	d
Courses and events		2,013			2013	20,222		20222
		2,013			2,013	20,222		20,222
2(o) Jggg~(gg)
~vatments
Dividends and	interest	2479	13	123	15,602	2 812	12,263	15,075
		2.479	13r123		18i602	2,812	12,263	16,076
2(dolt 9 ig
Church Centre	lettings	6,396			6,396	17,710		17,710
Bookstall		1,112			1,112	3,221		3,221
Fees		4 073			4,073	5285		5265
		11,581			11,881	28,218		28,218
2(e) Other income
Job Retention	Scheme	2,733			2,733
Shopping service:
reimbursement		608			608
Other		61			61
		3,402			3,402
Total Income		409908	244,370		664 276	430676	387,763	818,439

			2020				2019
3. Expenditure		6	6			6
		Un-				Un-
		restricted	Restricted		Total	restricted	Restricted	Total
3(a) Church activities
Missionary &chadtable
giving (Note f3)
- Overseas		19,579		112	19,691	21,576	300	21,878
-Relief 5 Development							3,903	3,903
- Home		8,400		138	8,538	7,192	2,429	9,621
Timperley Family Church		583	10	390	10973	3,454	10321	13,775
		28,582	10,840		39,202	32,222	16,953	49,175
tvtlnlstry
- Parish Support Fund		179,240			179,240	175,878		175,878
-Assigned fees		244			244	1,744		1,744
-Clergy expenses		3,123			3,123	7,923		7,923
-Curate's house						40		40
-Youth, ohildrens' ministers		57,625			57,625	30,215		30,215
—Ministry &youth training		232			232	3,742		3,742
PCC Fees and donations		1,380			1,380	1,469		1,489
Governance: Independent
examination		2,732			2,732	2,910		2,910
Church running costs		7,922			7,922	13,030		13,030
Church maintenance		543	2,	124	2,667	2,903		2,903
Services		1,088			1,086	'l,255		1,255
Church Centre running	costs	18,858			18,858	20,608		20,808
Church Centre depreciation		12,883			12,883	12,883		12,883
Church Centre maintenance		2,012			2,012	9,817		9,817
Church Centre building
project			3,480		3,480		2,706	2,706
Bookstall		1,703			1,703	3,285		3,285
Youth & outreach		3,978	2,816		6,794	11,908		11,908
Organist &choir		4,671			4,671	5,008		5,008
Church management	&
administration
Administration		51,727			51,727	52,140		52,140
Office expenses, equipment		10,489			10,489	9,720		9,720
Depreciation		2,288			2,286	2,286		2,286
Allsorts						4,529	426	4,955
Other		930			930	1 585		1 565
		392,226	19,060		411,286	407,078	20,085	427,163
3(b) Bahlggj.'Utig&
Courses and events		139			139	21 287		21,287
					139	21,287		21,287
3() ~0th *Idit	I
Change in loan liability		1 985			1,966	2,360		2,360
		1,965			1,966	2,360		2,360
Total expenditure		394330	19080		413390	430,725	20 085	450 810

6.	Fixed Asse	ts
				Church	Centre	PCC	Curate' s
				Centre	Contents	Equipment	House	Total
	Cost
	At 1 January 2020			644,158	40,800	26,388	83,000	794,348
	Additions during	year
	At 31 December	2020		844 158	40 800	~26	83000	794346
	Depreciation
	At 1 January 2020			268,190	40,800	23,082		332,072
	Charge for year			12883		2266		15169
	At 31 December	2020		281 073	40 800	25 368		347 241
	Net book value	at
	31 December 2020
	Net book value	at
	1 January 2020
6.	Investments (All Held In			UK)
							31 December
							2020	2019
							E	E
	CBF Investment	Fund:	582 shares				11,900	11,132
	M8G Charifund:	2,144	units				29428	35605
	Market value at	year end
	Value at 1 January						46,737	39,907
	Revaluation (loss) 1gain						~54 9	~6
	Value at 31 December							44zZ
7,	Debtors
							2020	2019
							E
	Goods and services						160	1,140
	Accrued income	tax recoverable					50,803	36,861
	Prepayments &	other accrued income					4,032	2,658
	Grant
	Legacies receivable						~43 52
8.	Liabilities	Due Within One Year
							2020	2019
							6
	Accruals and deferred		income				4,365	4,867
	Accrual for examiner's		fee				2,700	2,880
	Creditors for goods and services							243
	Tax and social security						1 874	1 931
							@SR

mated at each year end by the PCC using m ent in the foreseeable future.	arket information. The PCC does no	t anticipate
	2020	2019
		8
B/f provision	66,000	63,640
Loan received
Change in liability	1 965	2 360
C/f provision

Analysis of Net Assets of F	Unds
	Un-	Res-	Endow-
	restrlcted	trlcted	ment	Total
At 31 December 2020
	8		E	E
Fixed assets	447,105		41,328	488,433
Current assets Current and long term liabilities	188,924 ~704)	1,406,985		1,595,909 ~75904)
At 31 December 2019
		E	8	Z
Fixed assets	462,274		46,737	509,011
Current assets Current and long term liabilities	155,568 i 74293) ~	1,183,303 ~1628 L33LLliLi		1,338,871 ~75 921)

				2020			2019
			Unrestricted	Restricted	Total	Unrestricted	Reatrioted	Total
Crosslinks			1,375		1,375	3,596		3,598
Interserve			3,600		3,800	3,596		3,596
Mission Aviation	Fellowship		3,600		3,600	3,596		3,598
Nsvigstors			3,600		3,600	3,598		3,598
Church Mission	Society		3,600		3,800	3,596		3.596
Wycliffe Bible Transistors			3,600		3,600	3,596		3,598
Compassion				112	312		300	300
Total Overseas				112			2Z
Operation Christmas		Child					1,194	1,194
Tear Fund							2 709	2 709
Total Relief 6Development
Church Pastoral	Aid Society		3,300		3,300	3,596		3,596
SparkFish			3,300		3,300	3,596		3,598
A Rocha			500		500
Welcare			500		500
Children's Society			300		300		376	378
Renewed Hope	Trust		500	138	838		1,678	1,678
Mayor's charities							231	231
Diocese of Southwsrk							144	144
Total Home								K621