2021-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of The Church Of The Good Shepherd, Brighton

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Church of the Good Shepherd, Brighton

Charity Registered Number - 1131188

Annual Report and Financial Statements of the Parochial Church Council

For the year ended 31[st] December 2021

Vicar The Revd. Dr Felix Mascarenhas 272 Dyke Road BRIGHTON BN1 5AE

Banks Santander UK plc and Barclays Bank plc

Independent Examiner Mr S Brentnall, FCIE 1 Meadow View Cottages Town Littleworth Cooksbridge LEWES BN8 4TH

The web site of this Church is www.goodshepherdbrighton.org.uk

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Parochial Church Council of the Church of the Good Shepherd, Brighton

Contents Annual Report Report of the Independent Examiner Statement of Financial Activities Balance Sheet Accounting Policies Notes to the Financial Statements Statement of Cash Flows 10 Year History of Selected Items of Income and Expenditure	Page No
	3 10 11 12 13 16 – 26 18 27

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Parochial Church Council of the Church of the Good Shepherd, Brighton

Annual Report for 2021

Administrative Information

The Church of the Good Shepherd is situated in Dyke Road, Brighton. It is an independent charity and a part of the Diocese of Chichester within the Church of England. All correspondence should be addressed to the Incumbent, the Reverend Dr Felix Mascarenhas, at The Vicarage, 272 Dyke Road, Brighton, BN1 5AE.

During the year the following served as members of the Parochial Church Council (PCC) and as Trustees:

Vicar: The Revd. Dr Felix Mascarenhas – Chairman Assistant Vicar: The Revd. Dr Mathew Philip Reader: Mr Michael Miller Church Wardens: Mrs Sarah Thomas - Vice Chairman Mrs Patricia Jackson Deputy Church Wardens: Mrs Hilary Morfitt [retired May 2021] Mr Paul Cripps [from May 2021] Mr Martin Cruttenden

Representatives on the Deanery Synod:

Mr Martin Cruttenden Mr Errol Ganpatsingh [from May 2021] Ms Pauline Grimstone Mr Michael Miller

Elected members:

Ms Yaa Asare [from May 2021] Mr Richard Aynsley-Smith Mrs Honor Banerjee [retired May 2021] Ms Jennifer Coulthard Mr Paul Cripps Mr David Foulds [retired May 2021] Ms Louise Hotchkiss [from May 2021] Mrs Marian Hughes [from May 2021] Mrs Pat Hunter Mrs Christine James Ms Sheena Richardson Mrs Sarah Thomas Ms Augustina Tetsola

The following members of the PCC retired in May 2021

Mrs Honor Banerjee Mr David Foulds Mrs Christine James Mrs Hilary Morfitt Ms Sheena Richardson

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The following members of the congregation were co-opted to the PCC from June 2021

Mrs Christine James Ms Sheena Richardson

Aims and Purposes

The primary aim of the PCC of Church of the Good Shepherd (in the city of Brighton & Hove) is to promote the work of the Church of England in the parish. The national mission of the church – pastoral, evangelical, social and ecumenical – is the responsibility of the PCC and in co-operation with the incumbent, the Revd. Dr Felix Mascarenhas, uses the parish structure effectively to achieve this and in doing so it provides a benefit to the public by

Providing facilities for public worship, pastoral care and spiritual, moral and intellectual development for all who wish to benefit from what the Church offers.
Provide practical support and care for people in the parish regardless of faith and irrespective of need and/or ability to pay.
The promotion of Christian values and service by members of the Church, within and outside their local community, to the benefit of individuals and society as a whole.

Additional current objectives agreed by the PCC/Trustees include:

In 2021 and subsequent years, the PCC hopes to build on the initiatives undertaken in previous years in furtherance of its stated objectives. The mission action plan for 2021 includes the following –

To continue the preliminary work for the celebration of the centenary of the establishment of the Good Shepherd during the years 2022 and 2023.
Renew and commit additional effort to reach out to children – within and without the parish - in particular the re-starting of a Kidz Klub in autumn 2021.
To return the traditional cycle of activities in the parish to what they were pre Covid 19 and The Good Shepherd will hope to hold its Patronal Festival in June 2021. This week-long celebration will embrace religious services, a Family Fun Day and many other activities.
Subject to regulatory approval and funding being available it is hoped the weathervane and cockerel will be reinstated in 2021.

In working to achieve these objectives, the PCC has initiated and continued the following activities during the year

In 2021 for the second year running every aspect of church life has been impacted by the pandemic – Covid 19 – though not as extensively as in 2020 with the lockdown only lasting for the first quarter of the year. On the downside only 3 bell ringers could be found when the church re-opened and the annual Patronal Festival was cancelled for a second year however the Christmas Tree Fair/Festival did take place. The Artists Open House show restarted albeit on a reduced scale. When the church was opened social distancing rules were applied and the choir and congregational singing were reintroduced as and when allowed. During the lockdowns neither the church nor the church hall was available for hire and/or use by voluntary bodies such as the Brownies; these closures had an impact on the church’s finances.

The PCC sponsored Patricia Jackson to train for the Authorised Lay Ministry. Margy Weir stepped down from leading the Pastoral Care Group and was succeeded by Bridget Westerman. The parish is very grateful to Margy Weir for her hard work over many years.

The curtailment of the use of the church in the first quarter meant that virtual services continued and even when the church re-opened, they have still been broadcast it being important for those members of the congregation

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(and visitors) who cannot physically attend church. The current equipment is somewhat aged and beset by occasional technical problems and its replacement is being actively considered. Thus, continuity of worship and a sense of community has been maintained. For those who are unable to cope with the technology the Vicar and others in the congregation have kept in touch and supported and helped those concerned by more traditional methods notwithstanding the rules and regulations constraining this activity.

This outcome reflects a lot of hard and additional work by the Clergy, Reader and many members of the congregation. The parish is immensely grateful to all involved.

The use of software allowing virtual services has extended to many other aspects of church life; prayer and discussion groups have been continued and in the autumn the course ‘Living in Love and Faith’ was held. Meetings of the PCC, standing committee and sub-committees (when needed) have been via the internet. It should also be recorded that the Annual Meeting of Parishioners and APCM were virtual meetings (by Zoom).

The church has continued to sponsor, from its Youth Fund, two students from the Young Actors Group, who otherwise could not have participated. With the recommencement of fund raising and following a successful Christmas Fair and Silent Auction monies were raised to support three charities, British Red Cross (international), Emmaus (national) and Team Dominica (local).

When possible, during the year donated goods are taken to the local Brighton Food Bank, which is run, by Hove City Mission.

With the help of another local charity (Kidz Klub Brighton and Hove) the Good Shepherd re-started the club for young children (aged between 7 and 11) on a Friday evening in the autumn; this was only partially successful, and it was temporarily suspended until post- Christmas of the year when it will be relaunched. Given the time and resource given to this and the pandemic impact the sense of disappointment amongst the congregation at this outcome is almost tangible.

The taking of communion to parishioners – in their homes or to those residents in care homes has had to cease during the pandemic; neither has it been possible to hold carol singing sessions at several local care homes.

The hall and church facilities are offered free to charities and voluntary groups such as the Brownies and McMillan Nurses when able to in 2021.

The PCC is very grateful for the unpaid and continuing hard work of its many volunteers who are involved at every level in activities of the church – often amounting to hundreds of hours.

Achievements and Performance

Church Attendance

There are currently 124 (101 in 2020) parishioners on the Church Electoral Roll, of whom about one third are not resident within the parish boundaries. The average weekly attendance was 70 but this number increased at festivals.

Review of the year

(i) The full PCC met four times during 2021. Committees and sub committees met between meetings and reports of their deliberations were received by the full PCC and discussed where necessary.

Attendance at PCC Meetings	Attendance at PCC Meetings	Attendance at PCC Meetings	Attendance at PCC Meetings
	(i)	(ii)	(iii)

The Revd. Dr Felix Mascarenhas	4	4	All committees
The Revd. Dr PhilipMathew	4	3	(a), (b), (d), (f), (i)and(k)
Mr Michael Miller	4	3	(a), (b), (i)and(k)
Ms Yaa Asare	2	1

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Mr Richard Aynsley-Smith	4	4	(a) and(c)
Mrs Honor Banerjee	2	-
Ms Jennifer Coulthard	4	3
Mr Paul Cripps	4	4	(b)
Mr Martin Cruttenden	4	4	(a), (b) (c)and(k)
Mrs Elizabeth Davies	4	4	(g)
Mr David Foulds	2	1	(c)
Mr Errol Ganpatsingh	2	2	(i)
Ms Pauline Grimstone	4	-	(k)
Ms Louis Hotchkiss	2	2	(k)
Mrs Marian Hughes	4	3
Mrs Pat Hunter	4	4	(k)
Mrs Christine James	4	4	(a) (c)and(k)
Ms Patricia Jackson	4	4	(a), (d) (g)and(k)
Mrs HilaryMorfitt	2	2	(a)and(b)
Ms Sheena Richardson	4	4	(c)
Ms Augustina Tetsola	4	3	(d)
Mrs Sarah Thomas	4	4	(a), (b) (f)and(k)

Notes to Table

(i) Maximum attendance possible
(ii) Actual Attendance
(iii) Membership of Sub Committees
(a) Standing (b) Worship (c) Fabric (d) Safeguarding (e) GS Festival and Fundraising (f) Mission, Outreach and Publicity (g) Social (h) Health and Safety (i) Pastoral (k) Centenary

Other non-PCC members of the congregation also sit, by invitation, on the sub committees.

(ii) During the year 7 funeral services were held – 5 at the crematoria and 2 in church. There was one wedding service and a Service of Blessing held in the church in 2021. 2 baptism services were also held in the year.
(iii) The parish MAP was reviewed by the PCC during the year.
(iv) The Church, when open in 2021, was being used daily by both voluntary and non-voluntary organisations.
(v) Work on the restoration of weather/vane and cockerel for the bell tower restarted in late 2021 and scaffolding has now been erected to the height of the bell tower.
(vi) Communication with homes in the parish (circa 3,300) was maintained by the distribution of a newsletter/card at Christmas, Easter and Harvest Festival.
(vii) The Mission Action Plan for 2021 included the following objectives most of which have been met –
(a) To debate and action where possible ideas for the diocesan strategy.
(b) To continue the preliminary work for the celebration of the centenary of the establishment of the Good Shepherd. Frequent meetings involving many members of the congregation have planned a number of

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services, an exhibition, concerts, the publication of a centenary book to name but four activities and it is hoped to have a celebratory event every month of the year that follows.

(d) To try and develop new ideas for children/younger persons to which end a Kidz Klub (on Sunday evenings) will be starting again in late 2021.

Financial Review

(i) In 2021 the overall surplus – across all funds was £27,652 (£16,011 in 2020) . The church’s general fund had an overall net deficit of £12,485. Transfers from other funds will meet this shortfall.
(ii) Notwithstanding the physical closure of the church and church hall in quarter 1 income from hiring these buildings returned close to pre pandemic levels. Open plate collections partially recovered from the 2020 low but are only at 50% of those given in 2019. Expenditure was flat – largely due to the PMC being unchanged from 2020.
(iii) The PCC is very grateful to the members of the congregation who donated over and above their normal level of giving to meet the shortfall of income resulting from the church’s closure. This allowed along with the same overall cost as the previous year for the deficit on the General Fund to be kept to manageable proportions.
(iv) £15,000 (plus gift aid) was given to the church to allow the restoration of the weathervane/cockerel; this is classified as a restricted donation.
(v) The church was notified by the executors of Jacynth Sanders estate that she had a left the Good Shepherd a legacy of £10,000; the PCC has agreed that this money will be predominantly used to replace the sound system in the church.
(vi) The Centenary Fund received donations just shy of £3,000.
(vii) The largest single item of expenditure in 2021 was the sum £74,300 paid to the Diocese to cover our parish ministry costs. This covers the cost of stipend, housing and pension costs of the parish priest, a standard sum for diocesan central costs, clergy training and a contribution to national church funds. In 2022 this parish has been asked for and will do its utmost to meet the Diocesan request for its allocated parish contribution – £76,697.
(viii) Material expenditure in 2021 on fabric includes –
Repairs to Vicarage decking - £1,011.
Repairs to the Hall flat roof - £1,195.
A new central heating boiler and radiators in Reigate Road cost £5,033.
(ix) Fund raising in 2021 for the church itself and third-party charities was curtailed in the early part of the year; however, the Christmas Fair and silent auction raised approximately £3,665.
(x) Full details of the parish’s income and expenditure are to be found in the financial schedules – on pages 11 to 26 and on page 27 there is a 10-year schedule of selected items of income and expenditure.

Reserve Policy

(i) It is PCC policy to maintain a reserve on the unrestricted funds sufficient to meet up to approximately 12 months of this parish’s liabilities and commitments; at the end of 2021 only just over 70% of the reserves were available and the PCC acknowledge that this shortfall needs to be monitored.
(ii) The standing committee reviewed all the unrestricted fund balances in 2021 and satisfied themselves that these balances are held for known future expenditure and/or until events outside the control of the Trustees are resolved and/or that the balances were too small to be significant and/or material.

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(iii) The PCC agreed that the deficit on the General Fund would be covered by transfers from the Church Fabric (designated) Fund, The Hall Fund and Reigate Road Fund.
(iv) The original expenditure having been capitalised the movement in the candle display case, chair and boiler funds reflects the cost of depreciation charged.
(v) It is PCC policy to invest fund balances with
Barclays Bank plc
Santander Bank plc
CBF Church of England Deposit Fund
Church of England CIFM Investment Fund
M + G Charifund Equity Fund.

Future Plans

(i) In 2022 and subsequent years, the PCC hopes to build on the initiatives undertaken in previous years in furtherance of its stated objectives. The mission action plan for 2022 includes the following –
(ii) The frequency and timing of services aimed at occasional worshippers will be kept under review as the Good Shepherd remains committed to draw in more young families from among those who attend church services infrequently. The Kidz Klub will also be relaunched In January 2022.
(iii) The Good Shepherd will hope to hold its Patronal Festival in June 2022 - at the same time as it starts its centenary celebrations.
(iv) Work continues on the planning and preparation for the church’s centenary festival in 2022 – in particular involving those groups that hire and/or use the church hall – in such a way that there is a sense of the future as well as a celebration of the past.
(v) To return the traditional cycle of activities in the parish to what they were pre Covid 19 as well as continuing with new and different activities during this period.
(vi) To complete the restoration of the weathervane and cockerel.

Structure, Governance and Management

Membership of the PCC is determined under Church Representation Rules and consists of certain ex-officio members (the Incumbent, Curate, Readers licensed to officiate in the church), the Churchwardens and members of the Deanery, Diocesan or General Synods and eleven members of the Church who are elected at the Annual Parochial Church Meeting (APCM). Members of the congregation are warmly encouraged to stand for election to the PCC and we try to ensure a balance of skills and experience where possible.

All meetings post March 2020 were virtual meetings; this was undertaken with the sanction/agreement of Chichester Diocese and the Charity Commission.

The PCC members as Trustees are responsible for a wide range of matters affecting the parish, including worship, mission and outreach as well as compliance with health and safety, disability legislation and safeguarding. In their capacity as trustees, they are also responsible for the stewardship of funds and for appropriate accounting and reporting of the parish finances. The PCC works to ensure that each member of the committees is equipped to fulfil their role. The PCC’s Secretary and Treasurer are elected at the first meeting of the PCC each year. The Churchwardens, Secretary and Treasurer attend courses run by the diocese on their particular work. Regular communications from the diocese keep these officers up to date with changes in church regulations and financial procedures and these are reported to the PCC as appropriate. The PCC is responsible for ensuring that a Disclosure and Barring Service search is conducted on all those who work closely with children and vulnerable adults in the church.

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Following a review during 2018 the existing 11 sub-committees were reorganised and reduced to 8 – but now 10. The 10 sub committees that report to the PCC are - Standing Committee, Fabric, Safeguarding, Good Shepherd Festival/Fund Raising, Mission and Outreach, Worship, Health and Safety, Social, Centenary and Pastoral.

Standing Committee:

This is the only committee required by law. It has the power to transact business of the PCC between its meetings, subject to any directions given by the PCC.

Worship Committee:

The Worship sub-committee attends to matters relating to Ministry of the local church to the community and the world, such as ecumenical links, evangelism and the support of mission and relief agencies. Its remit also extends to matters related to church services and liturgical matters etc. Mission and Outreach:

This committee’s remit seeks to involve not only the worshippers of the church but all those who live within the parish boundaries, those who live in the ‘close’ geographic area (not within the parish boundaries) and see the Church of the Good Shepherd as a place of worship and centre of activities that may be of interest to them.

Fabric Committee:

The Fabric committee attends to the management and control of all activities in church properties and matters relating to the stewardship of the church’s assets, such as church buildings and fabric, the church grounds, the church hall and the house at 56 Reigate Road, formerly occupied by a curate.

All the other committees’ activities/remit are defined by the name of the committee .

Risk Assessment

A review of the church’s Health and Safety Policy was undertaken in 2018; this policy was discussed and agreed by the PCC and reviewed in 2020.

Signed on behalf of the PCC

Revd. Dr Felix Mascarenhas – Vicar

The web site of this Church is www.goodshepherdbrighton.org.uk

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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE

ECCLESIASTICAL PARISH OF THE CHURCH OF THE GOOD SHEPHERD,

BRIGHTON [Registered Charity 1131188]

I report on the accounts of the Church of the Good Shepherd, Brighton for the year ended 31st December 2021, which are set out on pages 11 to 26.

Respective responsibilities of the trustees and the examiner

The church’s trustees are responsible for the preparation of the accounts. The church’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

Having satisfied myself that the church is eligible for independent examination, it is my responsibility to :-

examine the accounts under section 145 of the 2011 Act
to follow the procedures laid down in the general directions given by the Charity Commission under section 145(5)(b) of the 2011 Act
to state whether particular matters have come to my attention

Basis of independent examiner's report

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’, and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no material matters have come to my attention which give me cause to believe that in any material respect:

accounting records were not kept in accordance with section 130 of the 2011 Act or
the accounts do not accord with the accounting records or
the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirements that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.

I have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Steve Brentnall FCIE

1 Meadow View Cottages Town Littleworth LEWES

March 21[st] 2022

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BN8 4T

STATEMENT of FINANCIAL ACTIVITIES For the Year Ended 31stDecember 2021	Note	Unrestricted Funds	Restricted Funds	Endowment Funds	TOTAL FUNDS	TOTAL FUNDS
					2021	2020
INCOME and ENDOWMENTS from: Donations and Legacies Charitable Activities Other Trading Activities Investments Other Receipts	1(a) 1(b) 1(c) 1(d)	£ 94,183 1,716 25,977 18,902 -	£ 21,865 - - 2,140 -	£ - - - - -	£ 116,048 1,716 25,977 21,042 -	£ 113,947 1,648 16,462 21,515 -
TOTAL INCOME EXPENDITURE on: Raising Funds Charitable Activities Other Trading Activities	2(a) 2(b) 2(c)	140,778 12,817 116,181 6,005	24,005 - 2,218 -	- - - -	164,783 12,817 118,399 6,005	153,572 7,731 121,729 8,101
TOTAL EXPENDITURE		135,003	2,218	-	137,221	137,561
NET INCOME or (NET EXPENDITURE) TRANSFERS BETWEEN FUNDS OTHER RECOGNISED GAINS/(LOSSES) Unrealised Gains on Investments	(7) (9)	5,775 1,075 -	21,787 (1,075) 6,191	- - 24,067	27,562 - 30,258	16,011 - 2,502
NET MOVEMENT in FUNDS BALANCES BROUGHT FORWARD at 1stJANUARY 2021		6,850 100,811	26,903 87,213	24,067 429,749	57,820 617,773	18,513 599,260
BALANCES CARRIED FORWARD at 31stDecember 2021		107,661	114,116	453,816	675,593	617,773

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	Note	2021	2021	2020
BALANCE SHEET as at 31stDECEMBER 2021		£	£	£
FIXED ASSETS Fixed Assets for Charitable Use Investment Fixed Assets Investment Assets	(8) (10) (9)	7,265 272,150 181,665		8,897 272,150 157,598
TOTAL FIXED ASSETS CURRENT ASSETS Debtors Investments Cash at Bank and in Hand	(13) (9) (15)	23,004 38,691 161,212	461,080	438,645 3,012 32,500 146,750
TOTAL CURRENT ASSETS LIABILITIES: AMOUNTS FALLING due WITHIN ONE YEAR Creditors NET CURRENT ASSET	(14)	222,907 (8,394)	214,513	182,262 (3,134) 179,128
TOTAL NET ASSETS			675,593	617,773
THE FUNDS OF THE CHARITY Endowment - Endowed Funds - Property Revaluation Reserve Restricted Funds Unrestricted Funds	(10) & (16) (9) & (16) (16)		188,466 265,350 114,116 107,661	164,399 265,350 87,213 100,811
TOTAL CHARITY FUNDS			675,593	617,773

The Annual Financial Report, for the year ended 31[st] December 2021, including the notes following, was approved by the Parochial Church Council on March 10[th] 2022 and signed on its behalf by:

The Revd. Dr Felix Mascarenhas (Vicar) R Aynsley-Smith (Honorary Treasurer)

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STATEMENT OF ACCOUNTING PRINCIPLES

Accounting Policies

The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 together with applicable accounting standards and the current (2015) Statement of Recommended Practice (SORP) and Financial Reporting Standard (FRS 102).

The financial statements have been prepared under the historical cost convention as modified by the inclusion of investments at market value and the revaluation of fixed assets. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their affiliation to another body, nor those which are informal gatherings of church members.

Funds Accounting

Funds held by the PCC are:

Unrestricted Funds – general funds which can be used for PCC ordinary purposes.

Designated Funds – monies set aside by the PCC out of unrestricted funds for specific future purposes and/or projects.

Restricted Funds –

(i) Income from trusts or endowments which may be expended only on those restricted objects provided in the terms of trust or bequest
(ii) Donations and/or grants received for a specific object or invited by the 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 end of the year is carried forward as a balance on that fund.

Endowment Funds – funds the capital of which must be maintained; the income arising from the investment of the endowment may be used, either as restricted or unrestricted funds, depending on the purpose set out in the terms of the original endowment.

Income and Endowments

All income and endowments are accounted for without deduction for any costs of receivability, are recognised when there is entitlement, receipt is probable, and the amount can be measured reliably.

Donations and Legacies

(i) Collections are recognised when received
(ii) Planned giving receivable is when there is evidence of entitlement, receipt is probable and the amount accords with the Gift Aid declaration and/or other record of intention to donate.
(iii) Gift Aid recovered is recognised when the income to which it is attached is recognised.
(iv) Grants and legacies are recognised when the formal offer, in writing, is received by the PCC.

Charitable Activities

Sales of magazines are recognised when received

Other Trading Activities

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Trading income is receivable in return for selling goods and/or providing services. Income from trading is recognised either

(i) When invoiced and/or received
(ii) For example, in the case of concerts for the year in question, irrespective of the date of receipt. Advance bookings are included in creditors.

Income from Investments

(i) Dividends are accounted for when due and payable. Interest entitlements are accounted for as they are received.
(ii) Rents from Property are recognised in accordance with rental agreements and when receipt is probable and measurable.

All Other Income

All other income is recognised in accordance with the above overall policy.

Gains and Losses on Investments

(i) Realised gains are recognised when the investments are sold.
(ii) Unrealised gains and losses are accounted for on revaluation – at 31[st] December.

Expenditure

Expenditure is accounted for on an accruals basis and are accounted for gross.

Grants

Grants and donations are accounted for when paid over or when awarded where the award creates a binding obligation on the PCC.

Church Activities

The diocesan parish contribution is accounted for on an annual basis reflecting the allocations set by our Deanery. Any parish contribution unpaid at the 31[st] December is provided for in these accounts as an operational (though not a legal) liability and is shown as a creditor in the balance sheet.

Fixed Assets

Consecrated and/or beneficed and/or heritage property of any kind is excluded from the accounts by s.10 (2) of the Charities Act 2011.

Moveable church furnishings held by the Vicar and Churchwardens on special trust for the PCC and which require a faculty for disposal, are accounted for as inalienable property unless consecrated. They are listed in the church’s inventory, which can be inspected but are not included in the financial statements. For other property acquired prior to 2001 there is insufficient cost information available and therefore the costs of such assets are not stated in the financial statements. Since that date assets acquired have been capitalised in the accounts and depreciated over their useful economic life.

All expenditure on consecrated or beneficed buildings and individual items costing under £1,000 are written off in the year they were incurred.

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Depreciation

Depreciation is calculated to write down the cost of tangible fixed assets, excluding freehold properties, over their expected useful lives. The rates applicable are

Computers - 33% Office equipment - 20% Other plant - 10%

No depreciation is provided on freehold properties, as it is the PCC’s policy to maintain these assets in a continual state of sound repair. The useful economic life of these assets is so long and residual values so high that any depreciation would not be material. These assets will be subject to annual impairment reviews. Provision, however, will be made if there has been any permanent diminution in value

Taxation

The Church enjoys charitable status. As a charity the church is outside the scope of VAT in respect of its income.

Investments

Investments are stated at market value at the balance sheet date.

Current Assets

Amounts owing to the PCC at the financial year-end in respect of fees, rents and/or other income are shown as debtors less provision for amounts that may prove uncollectible.

Short-term deposits include cash held on deposit with the CBF Church of England Funds and/or at the bank.

Other

The Parish, under the terms of Mrs Moor’s (our original benefactor) will, own a further 3,016 shares in the CIFM Investment Fund. The terms of the bequest were that the money was to be used solely for the incumbent of the parish. At the time of the standardisation of stipends the income from these shares was passed to the diocese where it currently remains and is used by the diocese to offset the cost of clergy stipends.

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NOTES to the FINANCIAL ACCOUNTS For the Year Ended 31[st] December 2021

(1) ANALYSIS of INCOME and ENDOWMENTS:	Note	Unrestricted Funds	Restricted Funds	Endowment Funds	TOTAL FUNDS	TOTAL FUNDS
					2021	2020
Planned Giving (exc. Tax Refunds) Planned Giving (no Tax Refunds) Loose Cash Collections Patronal/Christmas Tree Festival Other Special Appeals Gift Aid Recovered Grants Legacies Other Income	(11) (18)	£ 48,124 8,450 4,233 3,665 - 13,329 1,296 10,000 5,086	£ 15,120 - - - 4,005 - - 2,740	£ - - - - - - - - -	£ 48,124 23,570 4,233 3,665 - 17,334 1,296 10,000 7,826	£ 76,953 8,207 2,612 2,052 - 19,423 1,937 - 2,763
VoluntaryDonations and Legacies	1(a)	94,183	21,865	-	116,048	113,947
Fees for Weddings and Funerals		1,716	-	-	1,716	1,648
Charitable Activities	1(b)	1,716	-	-	1,716	2,089
Sales of Parish Magazines Hire of Church Hire of Church Hall Other Income		151 8,227 17,599 -	- - - -	- - - -	151 8,227 17,599	328 4,801 10,973 360
Other TradingActivities	1(c)	25,977	-	-	25,977	16,462
Bank and CBF Deposit Interest CCLA/M + G Investment Income Rent - 56 Reigate Road		33 670 18,199	18 2,122 -	- - -	51 2,792 18,199	419 2,696 18,400
Investments	1(d)	18,902	2,140	-	21,042	21,515

TOTAL RECEIVED on all FUNDS		140,778	24,005	-	164,783	153,572

Page 16 of 27 Registered Charity 113188

NOTES to the FINANCIAL ACCOUNTS

For the Year Ended 31[st] December 2021

(2) ANALYSIS of EXPENDITURE on:	Note	Unrestricted Funds	Restricted Funds	Endowment Funds	TOTAL FUNDS	TOTAL FUNDS
					2021	2020
Special Appeal Costs Fund Raising Investment Management Costs		£ - 657 12,160	£ - -	£ - - -	£ - 657 12,160	£ - 7,731
Cost of RaisingFunds	2(a)	12,817		-	12,817	7,731
Missionary and Charitable Giving Diocesan Parish Share Clergy Expenses Salaries and Honoraria Inc. NI Upkeep of Services Church Running Costs Church Maintenance and Repair Bank Charges Depreciation Governance Other Expenditure	(5) (6) (19)	1,800 74,300 4,456 9,663 962 14,200 3,607 41 2,252 554 4,346	433 - - - - 600 2 559 - 624	- - - - - - - - - - -	2,233 74,300 4,456 9,663 962 14,200 4,207 43 2,811 554 4,970	4,696 74,035 6,196 9,210 2,602 10,832 10,748 20 1,145 855 1,390
Cost of Charitable Activities	2(b)	116,181	2,218	-	118,399	121,729
Church Hall Costs Other Trading Costs	(20)	4,966 1,039	- -	- -	4,966 1,039	6,943 1,158
Other TradingActivities	2(c)	6,005	-	-	6,005	8,101

TOTAL EXPENDITURE on all FUNDS		135,003	2,218	-	137,221	137,561

Page 17 of 27 Registered Charity 113188

NOTES to the FINANCIAL ACCOUNTS For the Year Ended 31[st] December 2021

(3) STATEMENT of CASH FLOWS	Note	2021	2020
Cash Flows from Operating Activities: Net Cash Provided by Operating Activities Cash Flows from Investing Activities Dividends, Interest and Rent from Investments Purchase of Plant and Equipment		£ (5,401) (1,179) 21,042	£ (2,470) (3,515) 21,515
Change in Cash and Cash Equivalents in the Reporting Period Cash and Cash Equivalents at the beginning of the Year	(15)	14,462 146,750	15,530 131,220
Cash at Bank and on Deposit at the end of the Year	(15)	161,212	146,750
Cash at Bank and on Deposit at the end of the Year	(15)	161,212	146,750
Reconciliation of Net Income/(Expenditure) to net Cash Flow from Operating Activities Net Income/Expenditure for the Reporting Period_(as per Statement of Financial_ Activities) Adjustment for - Depreciation Unrealised Gain/Losses on Investments Dividends, Interest and Rent from Investments Decrease/(Increase) in Debtors (Decrease)/Increase in Creditors	(9)	57,820 2,811 (30,258) (21,042) (19,992) 5,260	18,513 1,145 (2,502) (21,515) 2,293 (404)
Net Cash Provided by (used in)OperatingActivities		(5,401)	(2,470)

Page 18 of 27 Registered Charity 113188

NOTES to the FINANCIAL ACCOUNTS For the Year Ended 31[st] December 2021

NOTES to the FINANCIAL ACCOUNTS For the Year Ended 31stDecember 2021
(4) MISSIONARY and CHARITABLE GIVING	Note	Unrestricted Funds	Restricted Funds	Endowment Funds	TOTAL FUNDS
					2021	2020
Missionary and Charitable Giving Blind Veterans UK British Red Cross Coram Emmaus Kidz Club Lovey Foundation Martlets Hospice Mercy Ships Sponsorship of two Drama Students Team Dominica		£ - 500 - 500 - 200 - - - 600	£ - - - -- - - - - 433 -	£ - - - - - - - - - -	£ - 500 - 500 - 200 - - 433 600	£ 100 - 2,200 - 500 - 1,000 700 196 -
Sub Total – Direct Giving	(4)	1,800	433	-	2,233	4,696
Additionally. The following activities were either organised by the Church and/or provided, free, the facilities and support for the following events to take place. The monies raised are not part of the church’s accounts.
Poppy Appeal (Remembrance Sunday)		-	-	-	-	-
TOTAL GIVING		-	-	-	2,233	4,696

(5) STAFF COSTS	Note	General Funds	Restricted Funds	Endowment Funds	TOTAL FUNDS	TOTAL FUNDS
					2021	2020
Remuneration Wages and Salaries Employer Social Security Costs Employers Cost to Defined Contribution Scheme		£ 9,494 19 150	£ - - -	£ - - -	£ 9,494 19 150	£ 9,050 11 149
	(5)	9,663	-	-	9,663	9,210

During the year the PCC employed a Director of Music and a Hall Cleaner. No member of the PCC, nor any person closely connected to them, received any form of remuneration. Other payments were made to PCC members in the year for reimbursement of expenses incurred on behalf of the PCC – namely Clergy support such as Council Tax, Water and Environmental Charges - £2,904 and reimbursement for telephone, postage, travelling expenses etc £1,551.

Page 19 of 27 Registered Charity 113188

NOTES to the FINANCIAL ACCOUNTS For the Year Ended 31[st] December 2021

(6) GOVERNANCE	Note	Unrestricted Funds	Restricted Funds	Endowment Funds	TOTAL FUNDS	TOTAL FUNDS
					2021	2020
Independent Examination Trustee Meetings		£ 554 -	£ - -	£ - -	£ 554 -	£ 530 325
TOTAL	(6)	554	-	-	554	855

(7) TRANSFERS

Transfer of Dividend Income to meet Relevant Expenditure in the General Fund

Organist Flower Fund Stoneham Garden Memorial Fund Assistant Priest Fund General Fund		- - - - 1,075	(961) (113) (1)	- - - - -		(928) (188) (200) (1) 1,317

Transfer of Christmas Tree Festival Surplus to Outside Giving Fund

General Fund Outside GivingFund		(2,875) 2,875	- -	- -		(1,812) 1,812

Utilise Legacies received in 2021

Legacy Fund Vestment Fund Hall Fabric Fund Church Fabric[Designated]Fund		- - - -	- - - -	- - - -	- - - -

To Meet the Deficit on the Hall Fund and to meet Future Expenditure on the Investment Property


Reigate Road Fund Hall Fund Reigate Road Fabric Fund		- - -	- - -	- - -		(9,255) 1,255 8,000
To Meet the Deficit on the General Fund
Hall Fund Reigate Road Fund Church Fabric [Designated] Fund General Fund		(4,630) (5,300) (6,210) 16,140	- - - -	- - - -	- -	(30,747) 30,747

TOTAL TRANSFERS	(7)	1,075	(1,075)	-	-	-

Page 20 of 27 Registered Charity 113188

NOTES to the FINANCIAL ACCOUNTS For the Year Ended 31[st] December 2021

(8) FIXED ASSETS for CHARITABLE USE	Note	Freehold Land & Buildings	Church Equipment	Hall Equipment	TOTAL
ACTUAL/DEEMED COST At 01 January 2021 Additions		£ 1	£ 6,932 1,179	£ 6,740 -	£ 13,673 1,179
At 31 December 2021		1	8,111	6,740	14,852
DEPRECIATION At 01 January 2021 Charge for theyear		- -	2,080 1,086	2,696 1,725	4,776 2,811
At 31 December 2021		-	3,166	4,421	7,587
NET BOOK AMOUNT At 01 January 2021		1	5,170	3,726	8,897
At 31 December 2021	(8)	1	4,945	2,319	7,265

The freehold land and buildings are the Church Hall at 270 Dyke Road, Brighton. The value of the latter, on the advice of Church House, and in the absence of any written records, is shown at £1 - its written down value. The Hall was a gift to the parish in 1938. The current insurance value of this building (December 2021) is £1.2 million. Assets capitalised up to and including 2020 are the Candle Display Case and a new reprographic machine for the parish office. Church equipment comprises the amplification system, church chairs, the church central heating system, screen and projector and various items for the parish office. Hall assets capitalised are chairs, tables, central heating radiators, overhead projector equipment and a cooker.

Although not owned by the Parish the insurance value of the church is £11.82 million.

(9) INVESTMENT ASSETS	Note	Unrestricted Funds	Restricted Funds	Endowment Funds	TOTAL 2021	TOTAL 2020
Market Value at 01 January 2021 Net Gains/(Losses) and Revaluation		£ - -	£ 32,500 6,191	£ 157,598 24,067	£ 190,098 30,258	£ 187,596 2,502
Market Value at 31 December 2021	(9)	-	38,691	181,665	220,356	190,098

Endowment shares comprise 7,714 shares in the CIFM Fund. These cost £3,857 in 1958. M + G Charifund Accumulation Units, bought in 2008 and 2009 for £8,000 and £4,000 respectively, comprise 133.398 units. The total holding of M + G units is for the Youth Fund.

Page 21 of 27 Registered Charity 113188

NOTES to the FINANCIAL ACCOUNTS For the Year Ended 31[st] December 2021

(10) INVESTMENT FIXED ASSETS	Note	Unrestricted Funds	Restricted Funds	Endowment Funds	TOTAL 2019	TOTAL 2018
Market Value at 01 January 2021 Net Gains/(Losses) and Revaluation		£ - -	£ - -	£ 272,150 -	£ 272,150 -	£ 272,150 -
Market Value at 31 December 2021	(10)	-	-	272,150	272,150	272,150

The freehold land and buildings at 56 Reigate Road, Brighton was purchased in 1968 for £6,800. At the beginning of 2016 the property had an open market value of £537,500. The valuation was carried by Your Move (Estate and Letting Agents) of 38 Queens Road, Brighton, BN1 3XB an unrelated party to the Church. Half the independent valuation has been incorporated in the accounts because in the event of the house being sold only half of any proceeds (after any sale costs) are attributable to this parish. The insurance value of the house at 31 December 2021 is £479,195.

(11) LEGACY

The church has been notified during the year by the executors (Mayo Wynne Baxter) of Jacynth Sanders estate that the Good Shepherd has been left a legacy of £10,000. It has been agreed by the PCC that this money will be spent predominantly on a new sound and visual system for the Church and for a lessor sum to replace/augment music for the choir.

Page 22 of 27 Registered Charity 113188

NOTES to the FINANCIAL ACCOUNTS

For the Year Ended 31[st] December 2021

NOTES to the FINANCIAL ACCOUNTS For the Year Ended 31stDecember 2021
	Note	Unrestricted Funds	Restricted Funds	Endowment Funds	TOTAL FUNDS
					2021	2020
(12) ANALYSIS of NET ASSETS by FUND		£	£	£	£	£
Fixed Assets for Church Use Investment Fixed Assets Investment Assets Current Assets Current Liabilities		4,231 - - 111,824 (8,394)	3,033 - 38,691 72,392 -	1 272,150 181,665 - -	7,265 272,150 220,356 184,216 (8,394)	8,897 272,150 190,098 149,762 (3,134)
TOTAL	(12)	107,661	114,116	453,816	675,593	617,773

(13) DEBTORS

Income Tax Recoverable Prepayments and Accrued Income Legacy Debtors		2,544 6,222 10,000 4,238	- - -	- - -	2,544 6,222 10,000 4,238	1,651 401 - 960
TOTAL5,305	(13)	23,004	-	-	23,004	3,012

(14) CREDITORS: AMOUNTS FALLING DUE within ONE YEAR

Deferred Income Accruals		485 7,909	- -	- -	485 7,909	660 2,474
TOTAL	(14)	8,394	-	-	8,394	3,134
(15) ANALYSIS of CASH and CASH EQUIVILENTS
Bank Current Accounts Deposit (No Notice)		49,098 112,114	-	- -	49,098 112,114	51,687 95,063
	(15)	161,212		-	161,212	146,750

Page 23 of 27 Registered Charity 113188

NOTES to the FINANCIAL ACCOUNTS

For the Year Ended 31[st] December 2021

(16) STATEMENT of FUNDS	Note	Balances b/fwd – 01.01.2021	Income	Expenditure	Transfers/ Other Gains and Losses	Balances c/fwd – 31.12.2021
Endowed Funds		£	£	£	£	£
Organist Fund Hall Fund Vestment Fund Flower Fund Stoneham Garden Memorial Fund Mrs Moor’s Stipend Fund Assistant Priest Fund Church Hall Reigate Road		33,015 35,999 13,136 6,680 7,110 61,617 41 1 272,150	- - - - - - - - -	- - - - - - - - -	5,042 5,497 2,007 1,020 1,085 9,410 6 - -	38,057 41,496 15,143 7,700 8,195 71,027 47 1 272,150
Restricted Funds Church Fabric Fund Organist Fund Junior Choir Fund Vestment Fund Centenary Fund Flower Fund Stoneham Memorial Garden Fund Assistant Priest Fund Youth Fund Bell Ringing Fund Church Fabric Fund - Weathervane Paschal Candle Display Case Vicars DiscretionaryFund		429,749 27,876 4,027 1,238 5,704 296 3,485 - - 36,197 2,068 847 3,614 1,861	- 9 961 - 587 3,000 504 113 1 76 1 18,752 - 1	- - - - - (2) - - - (1,057) - (600) (559) -	24,067 - (961) - - - - (113) (1) 6,191 - - - -	453,816 27,885 4,027 1,238 6,291 3,294 3,989 - 41,407 2,069 18,999 3,055 1,862
Designated Funds Organ Fabric Fund Outside Charitable Giving Fund Hall Fund Hall Fabric Fund Reigate Road Fund Reigate Road Fabric Fund Legacy Fund Social Funds Church Fabric Funds Church Fabric Fund - Weathervane		87,213 12,291 4,200 0 6,059 2,165 12,081 - 811 57,863 5,341	24,005 4 81 19,566 2 18,201 4 10,000 - 19 2	(2,218) - (1,800) (14,924) (12,756) - - (138)	5,115 - 2,875 (4,630) (3,500) - - (6,210)	114,116 12,294 5,356 12 6,061 4,110 12,085 10,000 811 51,671 5,205
General Fund		100,810 1	47,878 92,900	(29,618) (105,385)	(11,465) 12,540	107,605 56
TOTAL	(16)	617,773	164,783	(137,221)	30,258	675,593

Page 24 of 27 Registered Charity 113188

NOTES to the FINANCIAL ACCOUNTS

For the Year Ended 31[st] December 2021

(17) STATEMENT of FINANCIAL ACTIVITIES	Unrestricted Funds	Unrestricted Funds	Restricted Funds	Restricted Funds	Endowment Funds	Endowment Funds	TOTAL	TOTAL
	2021	2020	2021	2020	2021	2020	2021	2020
INCOME from DONATIONS and LEGACIES Donations and Legacies Charitable Activities Other Trading Activities Investments Other Receipts	£ 94,183 1,716 25,997 18,902 -	£ 113,339 1,648 16,462 19,689 -	£ 21,865 - - 2,140 -	£ 608 - - 1,826 -	£ - - - - -	£ - - - - -	£ 116,048 1,716 25,997 21,042 -	£ 113,947 1,648 16,462 21,515 -
TOTAL INCOME EXPENDITURE on: Raising Funds Charitable Activities Other Trading Activities	140,778 12,817 116,181 6,005	151,138 7,731 117,094 8,101	24,005 - 2,218 -	2,434 - 4,635 -	- - - -	- - - -	164,783 12,817 118,399 6,005	153,572 7,731 121,729 8,101
TOTAL EXPENDITURE	135,003	132,926	2,218	4,635	-	-	137,221	137,561
NET INCOME or (EXPENDITURE) TRANSFERS between FUNDS OTHER RECOGNISED GAINS/(LOSSES) Unrealised Gains/(Losses) on Investments	5,775 1,075 -	18,212 1,317 -	21,787 (1,075) 6,191	(2,201) (1,317) (4,811)	- - 24,067	- - 7,313	27,562 - 30,258	16,011 - 2,502
NET MOVEMENT in FUNDS	6,850	19,529	26,903	(8,329)	24,067	7,313	57,820	18,513

Page 25 of 27 Registered Charity 113188

NOTES to the FINANCIAL ACCOUNTS

For the Year Ended 31[st] December 2021

	Note	Unrestricted Funds	Restricted Funds	Endowment Funds	TOTAL FUNDS	TOTAL FUNDS
					2021	2020
(18) OTHER INCOME Social Activities Sundry Income Artists Open House Festival Flowers		£ - 3,228 1,858 -	£ - 2,740 - -	£ - - - -	£ - 5,968 1,858 -	£ - 2,763 - -
TOTAL	(18)	5,086	2,740	-	7,826	2,763
(19) OTHER – CHARITABLE ACTIVITIES Equipment Purchased Artists Open House Festival Social Sundry Expenditure Payroll Costs Kidz Club		1,144 1,680 - 1,522 -- -	- - - 624 - -	- - - - - -	1,144 1,680 - 2,146 - -	- - 310 689 205 186
TOTAL	(19)	4,346	624	-	4,970	1,390
(20) OTHER – TRADING COSTS Fees		1,039	-	-	1,039	1,158
TOTAL	(20)	1,039	-	-	1,039	1,158

Page 26 of 27 Registered Charity 113188

NOTES to the FINANCIAL ACCOUNTS For the Year Ended 31[st] December 2019

10 YEAR HISTORY of SELECTED ITEMS of INCOME and EXPENDITURE

NUMBER of REGULAR DONORS

2012	2013	2014	2015	2016	2017	2018	2019	2020	2021

64	70	64	61	62	56	53	52	51	50

GENERAL FUND – TOTAL INCOME and EXPENDITURE

	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021
	£	£	£	£	£	£	£	£	£	£

Income	65,556	74,018	79,933	75,768	75,129	81,837	86,468	83,840	70,438	92,900

Expenditure	_(96,113) _	(98,091)	(97,892(	100,619)	_(102,690) _	_(105,815) _	_(103,350) _	_(110,822) _	_(100,728) _	(105,305)

_Surplus/(Deficit) _	_(30,557) _	_(24,073) _	_(17,959) _	(24,851)	(27,561)	(23,978)	(16,882)	(26,982)	(30,290)	(12,405)

GENERAL FUND – FUND RAISING ACTIVITIES

2012	2013	2014	2015	2016	2017	2018	2019	2020	2021
£	£	£	£	£	£	£	£	£	£

4,608	7,018	8,031	10,802	8,085	10,155	7,774	11,940	2,052	3,665

GENERAL FUND - PAID to the DIOCESE – to cover DIOCESAN and NATIONAL CHURCH EXPENDITURE

2012	2013	2014	2015	2016	2017	2018	2019	2020	2021
£	£	£	£	£	£	£	£	£	£

64,500	64,720	66,056	67,981	69,958	72,060	67,608	71,883	74,035	74,300

Page 27 of 27 Registered Charity 113188