2020-12-31-accounts - Parochial Church Council Of Angmering St Margaret

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Annual Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
Accounting Policies
Detailed SOFA
Notes to the Balance Sheet
Independent Examiner's Report

			Unrestricted	Unrestricted	Restricted	TOTAL	FUNDS
			General	Designated	Funds	2020	2019
		Note	Funds	Funds
			F
Income from:
Donations 8, Legacies			271,883		10,037	281,920	311,391
Charitable activities
Other trading	activities		8,532			8,532	14,889
Investments			1,409	865	53	2,327	3,178
Total income			281,824	865	10,090	292,779	329,458
Expenditure on: Raising funds Charitable activities			988 275,783	71,856	15,261	988 362,900	6,403 294,423
Other trading	activities		887			887	2,655
Total expenditure			277,658	71,856	15,261	364„775	303,481
Loss on investments							(266)
Net income I (expenditure)			4,166	{70,991)	(5,171)	(71,996)	25,711
Transfers between	funds		(8,230)	8,230
Net movement in	funds		(4,064)	(62,761)	(5,171)	(71,996)	25„711
Reconciliation offunds:
Total funds	brought forward		196,631	112,789	8,563	317,983	292,272
Total funds	carried forward			50,028	3,392	245,987	317,983

As at 31 Decemb Balance Sheet	er	2020
				Unrestricted		Restricted	TOTAL	FUNDS
				General	Designated	Funds	2020	2019
				Funds	Funds
					F
Fixed assets:
Tangible assets				1,287			1,287	1,931
Total fixed assets				1,287
Current assets:
Stocks				179			179	193
Debtors			10	13,657	63	153	13,873	14,174
Investments (short	term)			127,265	45,359	2,509	175,133	253,369
Cash at bank and	in	hand		62,689	8,660	1,071	72,420	59,365
Total current assets				203„790	64,082	3,733	261,606	327,101
Current liabilities:
Creditors: Amounts		falling due
within one year				12,510	4,054	341	16,905	11,049
Net current assets				191,280	60„028	3,392	244,700	316,062
Total assets less	current liabilities			192„567	50,028	3,392	246,987	317„983
Total net assets					60,028	3,392	246,987	317,983
The funds ofthe	charity:
General funds				192,567			192,567	196,631
Designated funds					50,028		50,028	112,789
Total unrestricted	funds			192,567	50,028		242,595	309,420
Restricted funds						3,392	3,392	8,563
Total charity funds					60,028	3,392	245,987	317,983

				Unrestricted	Unrestricted	Restricted	TOTAL	FUNDS
				General	Designated	Funds	2020	2019
				Funds	Funds
				F	F
	Analysis	of income on:
2	Donations and		legacies
	Planned General	giving		198,631			198,631	190,805
	Mission	partners				350	350
	Churchyard Youth					70 1,725	70 1,725	2,100
						2,146	200,776	192,906
	Collections at all services
	General			1,100			1,100	4,743
	Mission	partners				250	250
				1,100		260	1,360	4,743
	Other donation General		8 appeals	23,575			23,575	29,397
	Mission partners Churchyard Youth					3,964 2,055 5	3,964 2,055 5	399 110
						6,024	29,699	29,906
	Gift Aid recoverable
	General			46,768			46,768	46,550
	Mission	partners				1,283	1,283
	Churchyard Youth					241 94	241 94	20 375
						1,618	48,386	46,946
	Fund raising events Parish Church events							3,889
	Holiday Cameo	Club			130		130	544 478
	Sunday	Roast			673		673	2,932
					803		803	7,843

			Unrestricted	Unrestricted	Restricted	TOTAL	FUNDS
			General	Designated	Funds	2020	2019
			Funds	Funds
Grants
Bell repairs Church - major repairs							3,849 320
General - Chancel Trust				21		21
General - Job Retention	Scheme		985			985
Youth camps Youth work							380 13,500
			1,006			1,006	18,049
Legacies General							11,000
Total donations and legacies					10,037	281,920	311,391
3 Other trading activities Bookstall			508			508	839
Catering Church Hall lettings Fees - Weddings 8 funerals, Parish office income		etc	363 1,250 3,282 99			363 1,250 3,282 99	2,067 4,058 4,699 226
Rent receivable			3,030			3,030	3,000
						8,532	14,889
4 Investments
Deposit interest receivable					53	2,327	3,178
Total Income				865	10,090	292,779	329,458
Analysis ofexpenditure	on:
5 Raising funds Parish Church events							3,147
Holiday Club							766
Cameo				269		269	681
Sunday Roast				719		719	1,809

es	to the Financial State	men	(continued)
				Unrestricted		Restricted	TOTAL	FUNDS
				General	Designated	Funds	2020	2019
				Funds	Funds
6	Charitable activities
	Missionary 8 charitable Mission partners - annual	giving support		19,870			19,870	19,980
	Mission partners - monthly giving Parish Contribution - Deanery donation			3,702		4,626	4,626 3,702	3,594
	William Olders for St Margaret's		School	6,120			6,120	6,000
	ExYouth Leader training	fees				5,822	5,822	4,500
	Other charitable giving			13,470			13,470	13,603
						10,448	53,610	47,677
	Ministry -Diocesan Parish Contribution						74,035	71,988
	Ministry -Other clergy costs Rector's expenses Rectory costs Curate's expenses			1,871 4,026 294			1,871 4,026 294	2,425 4,035 209
	Curate's accommodation			1,605			1,605	2,166
	Ministry Assistant expenses			977			977	306
	Ministry Assistant salary	costs		11,901			11,901	5,642
	Ministry Assistant accommodation			10,854			10,854	4,200
							31,528	18,983
	Church running expenses
	Electricity, gas and water Insurance			3,401 2,302			3,401 2,302	4,427 2,558
	Other running costs			10,691			10,691	15,264
							16,394	22,249
	Parish office costs
	Administrative salary costs Other office costs			33,596 8,381			33,596 8,381	30,044 11,710
							41,977	41,754
	Church maintenance 8	repairs
	Church - bell repairs							9,180
	Church - health 8 safety			4,895			4,895	3,696
	Church - major repairs			7,473			7,473	7,091
	Church - sound system				30,246		30,246	1,801
	Churchyard -tree removal				41,610		41,610	420
	Quinquennial inspection							858
				12,368	71,856		84,224	23,046
	Upkeep ofservices Exgratia payment - Verger			643			643	630
	Service running costs			789			789	1,867
							1,432	2,497

S tO the FlnanCIai Statem	entS (continued	)	)
		Unrestricted		Restricted
		General	Designated	Funds
		Funds	Funds
				f.
Upkeep of Churchyard Churchyard -grass cutting				2,366		5,400	6,840
Youth/children's work costs
Youth worker expenses		830				830	890
Youth worker salary costs Youth worker accommodation		24,766 12,120		1,824		26,590 12,120	25,942 12,893
Ministry Trainees' expenses Kings Club expenses Youth camp costs Youth expensers		3,203 65 738			623	3,203 623 65 738	3,879 677 1,224 1,507
				2,447		44,169	47,012
Church halls running costs
Church hall cleaning/other		2,504				2,504	1,667
Church hall electricity, gas and water Vestry hall window cleaning/other Vestry hall - electricity Insurance		1,146 120 848 1,827				1,146 120 848 1,827	1,881 255 1,222 1,784
						6„445	6,809
Bank charges
Depreciation
Governance Costs
Independent examination	fee	2,880				2,880	2,880
To'tal charitable activities		275,783	71,856	15,261		362,900	294,423
7 Other trading activities Bookstall		422				422	725
Catering		465				465	1,930
Total expenditure		277,658	71,856	15,261		364,775	303,481

es	to the Flnan	clal Stat	ements (continued)
				Unrestricted		Restricted	TOTAL	FUNDS
				General	Designated	Funds	2020	2019
				Funds	Funds
						f.
8	Staff costs
	(a) Remuneration
	Salaries and wages			68,476		1,824	70,300	59,665
	Social security	costs		1,238			1,238	900
	Pension costs (see Note		16)	3,048			3,048	2,607
	Other employee and telephone	benefits allowance	- accommodation	23,374 96,136		1,824	23,374 97,960	17,413 80„685

a) Tangible fixed asset	s
				Freehold	land	Church		TOTAL
				and buildings		equipment
Cost
At 1 January 2020				47,000		9,924		66,924
Additions in the year
At 31 December 2020				47,000		9,924		56,924
Depreciation At 1 January 2020 Provided in the year				47,000		7,993 644		64,993 644
At 31 December 2020					47,000	8,637		66,637
Net book amounts
At 31 December 2020
At 31 December 2019						1,931		1,931
The freehold land and	buildings	comprise the Vestry Hall/Cottage.
			Unrestricted			Restricted		TOTAL FUNDS
			General	Designated		Funds		2020	2019
			Funds	Funds
10 Debtors
Tax recoverable			4,845				149	4,994	5,461
Prepayments and accrued income Other debtors			4,263 4,549		63		4	4,330 4,549	6,076 2,637
							163	13,873	14,174
11 Creditors: amounts	falling due within		one year
Trade creditors			580					580
Accruals			9,587		4,054		341	13,982	10,257
Taxation and social security			2,343					2,343	792
			12,510				341	16,905	11,049

Fund movement
Unrestricted funds			General	Designated	TOTAL
					FUNDS
Balance at 1 January 2020 Income			196,631 281,824	112,789 865	309,420 282,689
Expenditure Transfer between funds			(277,658) 8,230)	(71,856) 8,230	(349,514)
Balance at 31 December 2020			192,667	60,028	242„696
Designated funds	Quin-	Church	Church	Churchyard	TOTAL
	quennial	lighting	sound	trees	FUNDS
	inspection
Balance at 1 January 2020 Income	8,976 107	26,788 333	36,243 277	40,782 148	112,789 866
Expenditure Transfer between funds	3,000		(30,246) 4,550	(41,610) 680	(71,866) 8,230
Balance at 31 December 2020	12,083	27,121	10,824		60,028

Margaret's Church, Angmering r ended 31 December 2020 es to the Financial Statements (continued)	Charity Regis	tration Nu	mber:11313	62
Resticted funds	Mission	Church	All Youth	Total
	partners	yard	activities	Funds
Balance at 1 January 2020			8,563	8,563
Income	5,847	2,366	1,877	10,090
Expenditure Balance at 31 December 2020	(4,626)	(2,366)	(8,269) 2,171	(15,261) 3,392

Analysis	of net assets by fund
			Unrestricted		Restricted	TOTAL FUNDS
		General	Designated	Total	Funds	2020	2019
		Funds	Funds	Funds
		F
Fixed assets for church use		1,287		1,287		1,287	1,931
Current	assets	203,790	54,082	257,872	3,733	261,605	327,101
Current	liabilities	12,510	(4,054	(16,564)	341)	(16,905)	11,049
		192,667	60,028	242,596	3,392	245,987	317,983