2021-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of St Swithun, East Grinstead.

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		for	the year end	ed 3	1 De	cember 2	021
							Page
Contents							2
Administrative Information		and Membership					3
Structure, Governance	and	Management					3
Aim and Purpose							4
What we planned to do	to achieve our charitable				objectives		4
What we achieved and	how we		affected beneficiaries'			lives	4-6
Financial Review							7
Parish Planned Giving	in 2021						7-9
Reserves Policy							9
Investment Policy							9
Risk Management							9-10
Independent Examiner's	Report						11
Statement ofFinancial Activities			2021 and 2020				12-13
Balance Sheet							14
Notes to the Financial Statements							14
1. Accounting Policies							15-16
2. Incoming Resources							16-17
3. Resources Expended							18-19
4. Allocation ofSupport		and	Governance	Costs			19
5. Staff Costs							19
6. Parish Share							20
7. Fixed Assets							20-21
8. Investments							21
9. Debtors							22
10. Creditors							22
11. Statement of Funds 2021			and 2020				23-24
12. Contractual Commitments							24
13. Impact ofCOVID	19						24
Detailed notes to the Statement			of Financial	Activities:
Incoming Resources							25
Resources Expended							26
Outward Giving Donations							27

Current financial year		Unrestricted Funds 2	Designated Funds E	Restricted Funds f	Endowment Funds E	Year Ended 31Dec 2021 Total Funds E	Year Ended 31 Dec 2020 Total Funds f
	Notes
INCOMING RESOURCES
Donations and Legacies	2a	143,750		2,919		146,669	146,017
Other fundraising Activities	2b	5,536				5,536	3,829
Investments	2c	32,616			15	32,631	34,091
Church Activities	2d	50,831		3,879		54,710	19,528
Total Incoming Resources		232,733		6,798	15	239,546	203,465
RESOURCES EXPENDED
Costs of Raisin Funds
Voluntary Income	3a
Fundraising Costs	3b
Costs of renting property	30	2,500				2,500	2,549
Ex enditure on Charitable
Activities
Church Activities	3d	239,650		14,779	15	254,444	308,087
Total Resources
Expended		242,150		14,779	15	256,944	310,636
Net Incoming Resources before gains /(losses) on		(9,417)		(7,981)		(17,398)	(107,171)
investments and
transfers
Revaluation on investments			65,209			65,209	26,976
Revaluation on fixed assets			150,000			150,000
Transfers between funds		(21,000)	20,000	1,000
Net Movement in Funds		(30,417)	235,209	(6,981)		197,811	(80,195)
Reconciliation of Funds
Total Funds Brought
Forward At 1 January 2021		69,226	952452	40,628	2,690	1,064,996	1,145,191
Total Funds Carried
Forward at 31 December 2021		38,809	1,187,661	33,647	2,690	1,262,807	1,064,996

Prior financial year		Unrestricted Funds f	Designated Funds f	Restricted Funds f	Endowment Funds f	Endowment Funds f	Year Ended 31 Dec 2020 Total Funds f	Year Ended 31Dec 2019 Total Funds f
	Notes
INCOMING RESOURCES
Donations and Legacies		135,320		10,697			146,017	167,828
Other fundraising Activities		3,829					3,829	7,233
Investments Church Activities		34,076 17,826		1,702		15	34,091 19,528	36,378 42,804
Total Incoming Resources		191,051		12,399		15	203,465	254,243
RESOURCES EXPENDED
Costs of Raisin Funds
Voluntary Income	3a
Fundraising Costs Costs ofrenting property	3b 30	2,549					2,549	1,236 2,290
Ex enditure on Charitable
Activities
Church Activities	3d	297,854		5,418	4,815		308,087	233,601
Total Resources
Expended		300,403		5,418	4,815		310,636	237,127
Net Incoming Resources before gains / (losses) on		(109,352)		6,981	(4,800)		(107,171)	17,116
investments and
transfers
Revaluation on investments			26,976				26,976	60,831
Transfers between funds		90,000	(90,000)	(88)	88
Net Movement in Funds		(19,352)	(63,024)	6,893	(4,712)		(80,195)	77,947
Reconciliation of Funds
Total Funds Brought
Forward At 1 January 2020		88,578	1 015476	33735	7,402		1,145,191	1,067,244
Total Funds Carried
Forward at 31 December 2020		69,226	952,452	40,628	2,690		1,064,996	1,145,191

	Notes	Unrestricted	Designated	Restricted	Endowment	2021	2020
		Fund	Fund	Fund	Funds
			6		6	6
FIXEDASSETS			600,000			600,000	450,000
INVESTMENTS
Investment Fund			587,651			587,661	502,452
TOTAL FIXEDASSETS			1,187,661			1,187,661	952,452
CURRENT ASSETS
Debtors Bank Current Accounts Bank Reserve Accounts	9	11,270 17,679 78		24,403	2,690	11,270 44,772 78	10,829 86,370 ?8
Central Board ofFinance Restricted Bank &		17,580				17,580	17,571
Building Society Accounts Cash in Hand		100		8,897 347		8,897 447	8,896 324
Total Current Assets		46,707		33,647	2,690	83,044	124,068
LIABILITIES
Amounts Falling Due Within One Year	10	(7,898)				(7,898)	(11,524)
Net Current Assets		38,809		33,647	2,690	75,146	112,544
NET ASSETS		38,809	1,187,661	33,647	2,690	1,262,807	1,064,996
FUNDS
Unrestricted	11	38,809				38,809	69,226
Designated Restricted Endowment	11 11 11		1,187,661	33,847	2,690	1,187,661 33,647 2,690	952,452 40,628 2,690
		38,809	1,187,661	33,647	2,690	1,262,807	1,064,996

20 COMlsARATIVES
	Unrestricted	Designated	Restricted	Endowment	Total
	Funds f	Funds E	Funds E	Funds f	Funds 2020
					E
(a) Voluntary Income	135,320		10,697		146,01?
Including planned
giving and income
tax recoverable
(b) Activities for	3,829				3,829
Generating Funds
Including car park
charges and fund
raising events
(c) Investment	34,076			15	34,091
Income
(d) Income from	17,829		1,702		19,528
Church Activities
Including hall
lettings and church
fees
Total
Incoming Resources	191,051		12,399	15	203,465

3. RESOURCES EXPENDED
	Church	Supportand	Total
	Activities	Governance	2021
	E	costs	E
		E
(a) Cost of generating
Voluntary Income
(b) Fund Raising
Trading Costs
(c)Cost of renting	2,500		2,500
property
(d) Church Activities
General church	131,007	50,837	181,844
activities (as below)
Reordering costs	72,600		72,600
Total Resources
Expended	206,107	50,837	256,944
2020 COMPARATIVES
	Church	Supportand	Total
	Activities	Governance	2020
	E	costs	E
		E
(a) Cost of generating
Voluntary Income
(b) Fund Raising
Trading Costs
(c)Cost of renting	2,549		2,549
pfopelty
(d) Church Activities
Including parish
contribution, hall
running expenses,
admin cost, church
maintenance and
outward giving	133,117	45,401	178,518
Reordering costs	129,569		129,569
Total Resources
Expended	265,235	45,401	310,636

		Total	Total
		2021f	2020 f
Support Costs
Staff Costs -	Administration	10,615	10,616
Church Running costs and		16,614	12,733
maintenance
Hall Running	costs	17,255	14,902
Office expenses		3,304	3,867
		47,788	42,118
Governance	Costs
Bank charges		49	43
Independent	Examiner costs	3,000	3,240
		3,049	3,283
Total		50,837	45,401

5. STAFF COSTS
Number ofemployees
The average monthly	number	ofemployees	during	the year was:
					2021	2020
					Numbers	Numbers
Administrator					1	1
Organist					1	1
Cleaners					2	3
					2021 f	2020
Wages and Salaries					22,064	22,283
Pension costs					127	128
					22,191	22,411

.INVESTMENTS	.INVESTMENTS
Investment Shares: Market Value as at 1 January 2021 Purchases/(Sales) Transfer to diocese		Designated Funds E 502,452 20,000	Endowment Fundsf	Total 2021 E 502,452 20,000	Total 2020f 502,452 (90,000)
Gain on Revaluation Market Value as at 31	December 2021	65,209 587,661		65,209 587,661	29,976 502,452
Accumulated Income:
As at 1 January 2021 Income for the year			15	15	4,712 275
Withdrawn As at 31 December 2021			(15)	(15)	(4,987)
		587,661		587,661	501,452
storical Cost (designated	investment)
At 31 December 2021				415,000
At 31 December 2020				395,000

it is considered to re	present unrestdicted income and is available fo	r use as th	e truste	es s	ee fit.
Date	Shares acquired			No	ofshares		Cost (E)
November 2014 November 2014 August 2015 August 2015 March 2017 June 2017 April 2018 April 2018 May 2021	CBFFixed Interest Securities Fund (income) CBF Investment Fund (income) CBF Fixed Interest Securities Fund (income) CI3F Investment Fund (income) CBF Investment Fund (income) CBF Investment Fund (income) CBFInvestment Fund (income) CBF Property Fund (income) CBFProperty Fund (income)				164,915.71 3,752.96 60,679.61 1,805.47 3.208.73 7,057.03 3,947.58 44,751.54 14,623.09		270,000 50,000 100,000 25,000 50,000 115,000 62,500 62,500 20,000
	Shares sold					Proceeds (E)
November 2016 June 2017 April 2018 August 2020	CBF Fixed Interest Securities Fund (income) CBF Fixed Interest Securities Fund (income) CBFFixed Interest Securities Fund (income) CBF Fixed Interest Securities Fund (income)				5,901.10 66,751.80 76,627.28 53,345.98		10,000 115,000 125,000 90,000
The investment shares used to include 592 shares in the CBF transferred. Investments are held primarily to provide an investment		Investment return for	Fund (income) shares, the church.			which	has now been
All investment assets	are held in the UK.

				Bal B/fwd				Transfers,	Transfers,	Bal C/fwd
				1Jan 20	Income	Expenditure		Other		31 Dec 20
				8	6	5		Gains &		8
								Losses
								5
Designated Funds
Land and building Investments				450,000 565,476				63,024		450,000 502,452
				1,015,476				(63,024)		952,452
Unrestricted Funds				88,578	191,051	(300,403)		90,000		69,226
Restricted Funds
Outward Giving Donations St Swithun's Chancel Trust St Swithun's:					472 275		(472)		(88)	187
Flower Fund Bell ringers Fund Social Committee				480 2,181 750	538 224 90		(485) (342)			533 2,063 840
Coffee Shop Vicar's Discretion				5,540 55	353	(3,546)				2,347 55
Open House Choir Management Group Donations to Floodlighting Fabric Fund Youth Donations		Spo	nsorship	424 793 150 5,504 368	150 165 95 8,956		(270) (120) (80)			304 838 165 14,460 368
Verger's Fees Piano Fund St Luke's:				225 6,030	900		(30)			195 6,930
Flower Fund				135						135
Women's Club				203	45					248
Tea and Toys Toddler Group Teddies Fabric Fund StBarnabas Fabric Fund Sunnyside Rent Deposit				952 584 3,723 4,791 847	115 21		(54) (19)			1,0'I 3 586 3,723 4,791 847
				33,735	12,399	5,418			88	40,628
Endowment Funds
St Swithun's Chancel Betchley Trust Fund St Swithun's Crawfurd	Trust Trust	(see note)		4,712 2,510 180	15	(4,800) (15)			88	2,510 180
				7,402	15	4,815			88	2,690
				1,145191	203,465	310,636		26,976		1,064,996

			INCOMING	RESOURC	ES
		Unrestricted	Designated	Restricted	Endowment	Total	Total
		Funds	Funds	Funds	Funds	Funds	Funds
		E	E	E	E	2021	2020
						E	E
(a) Voluntary Income
Planned Giving Collection at all		100,531				100,531	103,167
Services Sundry Donations	and	6,650				6,650	1,747
Appeals Chancel Trust Grant		3,058		2,560 359		5,618 359	8,760 275
Income Tax
Recoverable Legacies (b) Activities for		23,411 10,100 143,750		2,919		23,411 10,100 146,669	23,693 8,375 146,017
Generating Funds
Car Park Charges (c) Investment Income		5,536 5,536				5,536 5,536	3,829 3,829
Dividends & Interest Rental income		16,116 16500			15	16,131 16,500	17,771 16,320
(d) Income from Church		32,616			15	32,631	34,091
Activities
Church Hall Lettings Church Fees Bookstall		16,391 8,266				16,391 8,266	8,486 4,432 109
Rates refund
Feed in Tariff Furlough scheme Arts 8 Music Festival		920 1,526				920 1,526	1,624 2,428
VAT refunds Miscellaneous Income		23,483 245				23,483 245	747
Bell ringers Fund Flower Funds Social Committee				1,032 1,491		1,032 1,491	224 538 90
Coffee Mornings/Shop				465		465	353
Open House				231		231	105
Women's Club							45
Tea &Toddler Group							116
Teddies							21
St. Swithun's Choir				660		660	165
Management Group
		50,831		3,879		54,710	19,528
Incoming Resources		232,733		6,798	15	239,546	203,465

	Unrestricted Funds 2	Restdicted Funds E	Endowment Funds 2	Total 2021 2	Total 2020 2
(a) Cost ofgenerating
Voluntary Income
Envelope Scheme
(b) Fund Raising Trading
Costs
Bookstall & Baubles
(c) Cost of letting property	2,500			2,500	2,549
(d) Church Activities
Missionary & Charitable
Giving
Church Overseas Home Missions and other	6,713	1,150		7,863	6,560
Church Societies Ministry Costs:	6,300 13,013	1,218 2,368		7,518 15,381	5,862 12,422
Parish Share Church Insurance Other Clergy Costs Capital Expenditure:	83,985 5,533 7,526	400	15	84,000 5,933 7,526	82,000 5,900 6,859
Reordering Costs Organ Tower repairs Sunnyside project Piano Church Running exps Church Maintenance Upkeep ofServices	6,940 37,129 15,817 5,684 6,695 9,734 476	7,030 185		6,940 37„129 15,817 12„714 6,880 9,734 476	129,569 9,395 7,673 4,320 666
Junior Church 8,Youth	687	106		793	826
Music Outreach & Evangelism	11,447 596			11,447 596	10,696
Church Halls Running Costs	17,255			17,255	14,902
Parish Office Expenses Administrator Miscellaneous	3,304 10,615 165			3,304 10,615 165	3,867 10,616 227
Bank Charges	49			49	43
Bell ringers Fund		959		959	342
Fiower Funds Social Committee		1,707 124		1,707 124	485
Coffee Shop Open House		434 257		434 257	3,576 270
Women's Club		248		248
Tea &Toys Toddler Group Teddies St. Swithun's Choir		586 375		586 375	54 19
Management Group Accountancy Fees Computerisation of	3,000			3,000	120 3,000 240
accounts
Total Resources	239,650	14,779	15	254,444	308,087
Expended	242,150	14,779	15	256,944	310,636

		Total				Total
Overseas		6	Home			6
USPG		2,363	Diocesan Family Support Work			1,620
Mission Aviation	Fellowship	1,000	St.Catherine's Hospice			1,520
Embrace the Middle East		900	Crawley Open House			1,000
Practical Action		800	Church Army			700
Mercy Ships		600	Chestnut Tree House	Children' s	Hospice	700
CMS		500	East Grinstead Food	Bank		700
Mission to Seafarers		500	Samaritans Tunbridge	Wells		400
Tear Fund		400	Jigsaw			320
Send a Cow at	Harvest	400	Sussex Pathways			300
Bible Society		400	Parkinson's UK			194
			Children's Society			64
		7,863				7,518