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2020-12-31-accounts

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BEXHILL Registered Charity Number 1131504

TRUSTEES ANNUAL REPORT AND FINANCIAL REPORT OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31ST DECEMBER 2020

Contents

Annual Report 1-5 Independent Examiners Report 6 Statement of Financial Activities 7 Balance Sheet 8 Notes to the Accounts 9-22

Team Rector

Interregnum The Rectory, Church Street Bexhill-on-Sea East Sussex TN40 2HE

Principal Bankers

Santander UK plc_ Lloyds Bank plc Ecology Building Society CCLA Investment Bridle Road Wellington Place 7 Belton Road Management Ltd Bootle Hastings Silsden The CBF Church of Merseyside East Sussex Keighley England Funds L30 4GB TN34 1NX West Yorkshire Senator House BD20 OEE 85 Queen Victoria Street London EC4V 4ET

Accountants

Independent Examiner

Architects

Gibbons Mannington & Phipps LLP Carol Barfoot FCA John D Clarke & Partners Chartered Accountants Gibbons Mannington & Phipps LLP 2 West Terrace 20 Eversley Road Chartered Accountants Eastbourne Bexhill-on-Sea 20 Eversley Road East Sussex East Sussex Bexhill-on-Sea BN21 4QX TN40 1HE East Sussex TN40 1HE

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BEXHILL ANNUAL REPORT FOR 2020

Aims and Purposes

The Team Ministry of St. Peter’s, Bexhill consists of the following two churches in Bexhill:-

St. Peter, Church Street, Old Town

St. Michael and All Angels, Glassenbury Drive

It is part of the Diocese of Chichester within the Church of England. Correspondence should be sent to its Parish Office at The Stables, Church Street, Bexhill, TN40 2HE.

The primary objective of St. Peter’s PCC is the promotion of the Gospel of our Lord Jesus Christ according to the doctrines and practices of the Church of England. The PCC has the responsibility of co-operating with the Team Rector and the Team Vicar in promoting in the ecclesiastical parish, the whole mission of the Church, pastoral, evangelistic, social and ecumenical.

Objectives and Activities

Fr David Reynish has been our Team Rector since 14 March 2013 until 31 October 2020 when he retired. While in post he was committed to lead the PCC in enabling as many people as possible to worship at our churches. The PCC maintains an overview of worship throughout the parish and makes suggestions on how our services can involve the many groups that live within our parish. The PCC oversees the commitment of our churches to the furtherance of Mission. Our services and worship put faith into practice through prayer and scripture, music and sacrament.

When planning our activities for the year, the Team Rector with the Team Vicar, Associate Vicar and the PCC have considered the Commission’s guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion. In particular, we try to enable people to live out their faith as part of our parish community through:

To facilitate this work it is important that we maintain the fabric of the Churches of St Peter’s and St Michael’s and other property owned by the PCC.

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

  1. To continue to encourage the various groups who meet regularly throughout the year for study, discussion and prayer, as well as recreational activities which help to build up the life of the church and its members. These comprise of house groups, Healing Prayer Group, Triplet Prayer Groups, Befrienders Group, St Michael’s Weekly Prayer Group, Lunch Club and the 3rd Bexhill Scout Group, Monday After School Children's Club, the Prayer Group for Children and Families work, Mothers’ Union and St Peter’s and St Michael’s Parent and Toddler Groups; these beside the committed groups who assist weekly with the services such as the servers, bell ringers and choir.

  2. To respond to the Bexhill Town Review as completed by the Archdeacon of Hastings.

  3. To strengthen our outreach to children and young people by having close ties with our local schools. through the work of the Parish Children and Families’ Worker.

  4. To give grants for the relief and support of the vulnerable, sick and needy both at home and abroad and in the promotion of charities chosen by the PCC and in responding to emergency disasters.

  5. To maintain the fabric of our churches (their upkeep is ongoing) and to raise sufficient funding to complete the work required by the quinquennial inspections.

  6. The PCC is grateful to all the volunteers who give of their time to maintain the life of this parish and specially to our parish and district churchwardens, but without the retired clergy, Lay Readers, Eucharistic ministers, Pastoral visitors, choristers and musicians, servers, stewards, treasurers, secretaries and committee members, church watchers, flower arrangers, bell ringers, sewing guild, cleaners, the coffee helpers, gardeners, minibus drivers (the list seems endless and it is impossible to put a financial value to the hours dedicated), the life of this parish would be very much the poorer. Thanks go to our dedicated staff who keep the show on the road, Caroline in the Parish Office and at St Peter’s Anthony the Director of Music and Helen our verger.

  7. The DCC of each church decides its own policy for making grants and donations in addition to the separate appeals and the missionary secretaries’ collection boxes supported by church members.

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BEXHILL ANNUAL REPORT FOR 2020

Achievements and performance

Church Attendance

307 parishioners were recorded on the Parish Electoral Roll (222 at St. Peter’s and 85 St. Michael’s) at the APCM held in 2020. The average attendance at our two churches on a normal Sunday at St Peter’s is 70 and 8 (under 16) and 17 on Christmas Eve and Christmas Day, at St Michael’s 31 and 12 adults over Christmas. These figures reflect that the churches had to close for considerable periods during the year due to the Coronavirus Pandemic.

Review of the year - a year never to be forgotten due to Covid 19.

As mentioned above, the churches were closed for several months from 23 March 2020, though opening over periods when the area was not in lockdown. Fr. David, while here, celebrated alone (filmed and shown on YouTube) on Sundays during lockdown. This was continued with the retired clergy team. This at least enabled people to maintain contact with the church during this important time.

  1. The PCC met three times during the year, in February before lockdown in person, October partly on Zoom and December totally on Zoom. The average attendance was 83%. There was a meeting with Ven. Dr Edward Dowler, Archdeacon, in September to explain what would happen during the interregnum and the process of compiling the Parish Profile, the process of advertising and selecting a new Rector. February Meeting. The flat at Calverly Court has had repairs and new carpet and now is in good condition. All necessary Safe Guarding checks and tutorials have been completed by the relevant people and PCC members. Fr David Knight retired on 27 April 2020. The PCC were requested to ratify the renewal of Revd Earl’s license as Team Vicar because he reached the age of 70. After much discussion the secret ballot showed 6 for, 8 against and 3 abstentions. Rev Earl subsequently obtained PTO to work at St Peter’s. October Meeting. Miss Gillman was elected as Chair and Mr Parry and Rev Prosser co-opted as Treasurer and Secretary respectively. Mini bus ‘moth balled’ during the pandemic. The PCC agreed that the position of Rector should be open to both male and female applicants - the gender was not in question but the right person for the position. And they must be supportive of the ministries of all those who held the Bishop’s license. A ‘welcome card’ to be delivered around the parish has been prepared but final production will now wait until the new Rector is appointed. December Meeting. The Parish Profile is well on the way to completion. The money from St Andrew’s had been given to St Nicholas Fellowship to employ a youth worker to work with all the town churches to encourage and show a presence with the young people. Members were asked to consider asking the Bishop to give Mrs Roberts permission to officiate and preach at St Michael’s AAGHH services with certain conditions. After a lengthy discussion the secret vote was 5 for, 6 against and 2 abstentions.

  2. Janine Scothern worked full time in her ministry as Parish Children and Families’ Worker full time until she was furloughed in March. Her contract was extended till 31 December 2020 and further extended till 30 June 2021. Her remit is to develop, co-ordinate and oversee the outreach of the church’s mission to children and families in the Bexhill Parish of St Peter’s and St Michael’s. She has been responsible for Monday After School Club, Godly Play, Messy Church and ‘Open Book’ stories, children’s activities during the holidays and term time. At half terms Miss Scothern has organised very successful ‘Film and Pizza’ afternoons. The Babies and Toddlers groups have grown enormously, as well as St Peter’s Junior Church. Miss Scothern has visited local primary and independent schools as part of her role, bringing young people to Communion.

  3. Bell Ringers. After a good beginning to the year, in March the bells became silent due to lockdown. When this was lifted, due to social distancing rules it was impossible to ring safely. When ringing was allowed only 5 or 6 bells were rung by experienced ringers as it was not permissible to stand by novice ringers.

  4. St Peter’s Choir. In early February the choir and parents enjoyed a choir dinner. Then no singing from March to end of September so the planned holiday to Ripon and Cathedral trips to Portsmouth were cancelled. Morning service singing resumed in September with men’s voices and trebles returning for Fr. David’s final service. Second lockdown meant no choir until December with no Advent Carol Service but the choir sung in December with the Nine Lessons and Carols being the last service sung with a congregation. Midnight Mass and Christmas Day were sung with no congregation. Anthony Wilson left as Director of Music in September to take up a full time teaching post.

  5. Wecontinue with Time for God (TFG) at St Peter’s under the leadership of Revd. Mel; Elizabeth and Peter Ewen and Janine Scothern, for more informal and interactive worship and teaching. TFG celebrated All Age Worship on the first Sunday of every month. The St Peter’s and TFG 9.45. a.m., congregations come together to worship during the year when allowed.

  6. We have supported Churches Together in Bexhill, both churches and St Peter’s Community Centre provide collection points for the food bank, which is fulfilling a great need locally.

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BEXHILL ANNUAL REPORT FOR 2020

  1. Outward giving features strongly in both churches, with several charities benefitting pleases see the Financial Report.

  2. Time has been spent over the year considering the challenges that the Bexhill Town Plan have produced. There has been a stronger link between St Peter’s and St Michael’s especially closer collaboration during the interregnum. The Trustees of St Andrew’s Trust have appointed the Fellowship of St Nicholas to set up and run a project in the centre of Bexhill for young people, having ascertained the activities they would like. This project is for 3 years.

  3. During the pandemic Thought for the Day has been organised by St Peter’s reaching out to between 50 - 100 people. These have been thoughts of various people in the parish and beyond and seen on YouTube. St Michael’s have organised Thought for the Week.

Financial Review

As in 2019, the Statement of Financial Activities conforms to the reporting requirements contained in the charities accounting ‘Statement of Recommended Practice’ (SORP) incorporating (‘Financial Reporting Standard’ FRS102).

Our consolidated P.C.C. 2020 income was £216k (2019 £239k) made up of 75% from St. Peters D.C.C., 20% from St. Michael’s D.C.C. and 5% from the P.C.C.

As stated in 2019, the £225k net proceeds of sale of St. Andrews Church was used by a Diocesan Trust in Bexhill Town Centre, run by the Fellowship of Saint Nicholas (FSN). This Church of England Charity is based in St. Leonards-on-Sea. An appointment of a Youth Services Manager, Gayle Kiff has been made recently by the FSN to take this project forward. All mandatory training together with resources are now in place.

Last year it was noted that the St. Peter’s PCC Central Fund was overdrawn at the end of the financial year. Given that this situation is contrary to normal Charity accounting, funds were transferred between P.C.C. Funds by the end of June 2020.

Overall, St. Peter’s comments.

The annual budget was produced in November but due to covid restrictions the DCC did not meet to approve it until February 2021. In 2020 St Peter's paid £65,851 of the Diocesan Share, sadly due to cash flow during the pandemic we were unable to pay £2,500 of the amount due in December, we will however strive to make this up once things return to normal. For 2021 the figure we have been asked to pledge has increased slightly to £68,685 and our goal is to pay the full amount, although the date by which the Parish must be fully selfsufficient has been changed by the diocese to 2025.

2020 was a year like no other and it has been incredibly challenging simply to keep things going. We have however benefitted from additional funds from the Governments job retention Scheme which enabled us to keep our paid staff on the payroll. A grant from the PCC of £11,000 for the PCFW mission enabled us to extend the contract until end of June meaning that despite being furloughed for part of the year means that Janine will complete the 5-year mission and thus exceed the risk tasking commitment that was made to the Diocese. Running costs for 2020 were once again professionally managed. However, we did have to draw on reserves reducing the church’s restricted reserves from £328,138 to £318,734 although the general reserve increased from £56,331 to £63,645 The intention was in 2020 to do work servicing and maintaining the organ at a cost of £30,000. However due to Anthony's resignation and the interregnum it was decided to put this on hold until the new rector/ Director of Music has been appointed. However, most of the funding for this is now in place. In addition, several large maintenance projects on the church fabric have taken place a contribution of £20,000 was received from the Friends of St Peters towards this from which we are extremely grateful. Overall, St. Michael’s comments. Parish Ministry Costs of £6,500 outstanding from 2019 was paid as intended to complete the budgeted figure for that year. At this stage last year, we had proposed to pay nothing towards PMC without having an incumbent in place. We did attract Rev'd Simon Earl to come out of retirement and he was licensed in August 2020 and the current rate for a part-time minister was £28,187. disappointingly it was decided that the license to minister at St. Michael’s should not be renewed. Insurance costs have been split out of the PMC for payment by each parish as a single payment currently £1,513.84.

Despite the difficulties of restrictions on gatherings the solid base of funding for our ministry has held us in good stead. We have managed to pay three quarters of our commitment to the PMC for the current year and pray that our funding will hold up to the same level to help us to continue to contribute towards the current years PMC. All our fund-raising events were cancelled due to the ongoing restrictions, but with the vaccines coming on stream we are hopeful that we may be able to introduce some in the summer months. The accounts on the following pages are those of the DCC and associated groups, prepared on an accrual basis in line with the Church Accounting Regulations.

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BEXHILL ANNUAL REPORT FOR 2020

Reserves Policy

  1. The free reserves for the Team total £72,645 made up as follows: - St. Peter’s - £63,645; St. Michael’s - £7,763 and £1,237 on the PCC General fund.

  2. The aim is to have enough reserves to cover at least six months running expenses to prevent disruption to the services we provide.

  3. St. Peter’s has 4.8 months cover and St. Michael’s has cover of 2.3 months. Both have extra backup funds held in designated funds which can be re-allocated.

  4. It is the PCC’s policy to invest temporarily surplus general funds with the CBF Church of England Investment and Deposit Funds.

  5. As well as holding the above general reserves, from time to time the PCC receives restricted income for expenditure for particular purposes, defined by the donor or held by groups for specific purposes. We aim to expend such money as soon as possible, depending on the specific nature of the specific objects. On 31 December 2020, the balance of these restricted funds amounted to £395,707.

Future Plans

  1. To appoint a new Rector as soon as possible and to develop the ministry team with possibly someone based at St Michael’s.

  2. To continue to strengthen the links between the Churches and Schools to our mutual benefit.

  3. To continue to ensure that ‘everyone Welcome’ includes children; always bearing in mind the Lord’s rebuke to the Disciples who wanted to prevent the little children coming to him.

  4. The two churches to work more closely together liturgically and socially.

  5. To continue to think about ways of welcoming those who will inhabit the thousand plus new houses soon to be built within our parish.

  6. To ensure that we remain financially viable and to encourage wise Christian Stewardship in all areas - Time, Talents and Giving. This is particularly vital as we come to 2020 when the Diocese expects greater selfsufficiency from all parishes with the Diocese of Chichester.

  7. To remember exactly why we exist as a Church - to offer the highest standards of worship to Almighty God and to praise and adore him forever.

Structure, governance and management

The Parochial Church Council (PCC) is registered with the Charity Commission as required by the Charities Act 2011. Its governing document is the Parochial Church Councils (Powers) Measure 1956.

The Team Ministry was established by Order of Council in 1990.

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BEXHILL ANNUAL REPORT FOR 2020

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During the year the following served as members of the PCC

Ex Officio:
Team Rector: Revd. David S. Reynish+
Team Vicar: Revd. Simon Earl“
Churchwardens: Miss Catherine Gillman, Mr Christopher Miles*
District Wardens: Miss Catherine Gillman, Miss Alison Marchant*, Mr Christopher Miles, Mr Iain Scott-
Dickeson*
Lay Readers: Miss Alison Marchant, Mr Paul Abnett
Parish Children’s and
Families Worker: Miss Janine Scothern
Deanery Synod Representatives:
Dr Roger Elias, Messrs Alfred King*%, Christopher Miles, Alan Stevens,
Misses Catherine Gillman, Alison Marchant, Mrs H Rose*
Elected Members: Messrs. Victor Ammoun, John Hudson, Adrian Whiting
MesdamesJillAndrews,J.Earl,SueFrances,E.Gaskill,HeidiMiles,R.Roberts

Co-opted Members Revd. Stephanie Prosser (Secretary), Stephen Parry (Treasurer)

The PCC is responsible for a wide range of matters affecting the parish, including compliance with health and safety and disability legislation and safeguarding. In their capacity as trustees, members of the PCC are responsible for the stewardship of funds and for the appropriate accounting and reporting of the parish finances.

At the first meeting held after the APCM the new members are welcomed and the PCC secretary and treasurer are elected.

There are also a number of sub-committees which report to the PCC and who are responsible for specific areas of the church’s activities:

Standing Committee:

This is the only committee required by law. It has the power to transact the business of the PCC between its meetings, subject to any directions given by the full PCC. It did not meet during 2020.

District Church Committees (DCC)

The two Churches elect their own DCCs, which are represented on the PCC and each DCC has the power to transact the business of its own Church.

Other Committees are set up from time to time for the purpose of advising the PCC, with no executive power unless expressly given for a particular purpose.

Risk assessment

This PCC has an ongoing task of reviewing the major risks which impact on the work of the Churches in the parish. The usual PAT testing and fire extinguisher checks have been carried out.

Approved by the PCC on 5" May 2021 and signed on their behalf by

Miss Catherine Gillman P.C.C. Chairman Church Warden

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INDEPENDENT EXAMINERS REPORT ON THE ACCOUNTS TO THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BEXHILL FOR THE YEAR ENDED 31ST DECEMBER 2020

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I report on the accounts of the PCC for the year ended 31st December 2020, which are set out on pages 7 to 22.

Respective responsibilities of the PCC and examiner

As members of the PCC you are responsible for the preparation of the accounts; you consider that the audit requirement of the Church Accounting Regulations and section 144(2) of the Charities Act 2011 (the 2011 Act) do not apply.

It is my responsibility to:

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 PCC and a comparison of the accounts presented with those records. It also includes considering 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 matter has come to my attention:

  1. which gives me reasonable cause to believe that in any material respect the requirements:

  2. e to keep accounting records in accordance with section 130 of the 2011 Act; and e to prepare accounts which accord with the accounting records and comply with the requirements of the Act and Regulations.

have not been met; or

  1. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Carol Barfoot

Gibbons Mannington & Phipps LLP 20 Eversley Road, Bexhill-on-Sea, East Sussex, TN40 1HE.

7 May 2021

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BEXHILL STATEMENT OF FINANCIAL ACTIVITIES

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FOR THE YEAR ENDED 31ST DECEMBER 2020

Unrestricted Restricted Endowment Total Funds
Notes Funds Funds Funds 2020 2019
£ £ £ £ £
INCOME AND ENDOWMENTS FROM:
Donations and legacies 2(a) 130,742 19,279 - 150,021 166,637
Charitable activities 2(d) 19,893 60 - 19,953 5,675
Other trading activities 2(b) 20,608 6,720 7,920 35,248 56,986
Investments 2(c) 728 1,587 1,838 4,153 5,985
Other receipts 2(e) 237 6,264 - 6,501 3,588
TOTAL INCOME 172,208 33,910 9,758 215,876 238,871
EXPENDITURE ON:
Raising funds 3(a) 389 288 - 677 3,363
Charitable activities 3(b) 191,682 42,682 7,882 242,246 306,625
Other 3(c) - 45 - 45 295,793
TOTAL EXPENDITURE 192,071 43,015 7,882 242,968 605,781
(19,863) (9,105) 1,876 (27,092) (366,910)
Gains/(losses) on investments 1,501 200 4,054 5,755 14,479
NET INCOME/(EXPENDITURE) (18,362) (8,905) 5,930 (21,337) (352,431)
TRANSFERS BETWEEN FUNDS 15 17,104 4,312 (21,416) - -
NET MOVEMENT IN FUNDS (1,258) (4,593) (15,486) (21,337) (352,431)
RECONCILIATION OF FUNDS
Total funds brought forward 412,989 400,300 131,525 944,814 1,297,245
TOTALFUNDSCARRIEDFORWARD 411,731 395,707 116,039 923,477 944,814

CONTINUING OPERATIONS

All income and expenditure has arisen from continuing operations.

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BEXHILL BALANCE SHEET AT 31ST DECEMBER 2020

Notes 2020 2019
£ £ £ £
FIXED ASSETS
Tangible 7 383,350 395,490
Investments 8 90,749 92,314
474,099 487,804
CURRENT ASSETS
Debtors 9 8,314 10,806
Investments 10 382,501 387,383
Cash at Bank and in Hand 65,663 75,094
456,478 473,283
LIABILITIES
Creditors - amounts falling due within one ye. 11 7,100 16,273
NET CURRENT ASSETS 449,378 457,010
TOTAL NET ASSETS 923,477 944,814
PARISH FUNDS 12
Unrestricted
Restricted		 411,731
395,707		 412,989
400,300
Endowment 116,039 131,525
923,477 944,814

Approved by the Parochial Church Council on 5th May 2021 and signed on its behalf by:

----- Start of picture text -----
Yeh Fern
Stephen C.P. Parry
P.C.C. Treasurer
----- End of picture text -----

Cr GC dhmeon Catherine Gillman P.C.C. Chairman Church Warden

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BEXHILL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2020

1. ACCOUNTING POLICIES

The financial statements of the PCC, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective January 2015)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011 and the Church Accounting Regulations 2006.

The financial statements have been prepared under the historical cost convention with the exception of investments which are included at market value, as modified by the revaluation of certain assets. There are no material uncertainties about the PCC's ability to continue, and so the accounts have been prepared on a going concern basis.

Financial reporting standard 102 - reduced disclosure exemptions

The PCC has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland’:

Income

All income is recognised in the Statement of Financial activities once the PCC has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Government grants are recognised when the PCC becomes unconditionally entitled to the grant.

For legacies, entitlement is when probate is granted, the amount known, there are sufficient funds available for distribution or when a distribution is received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the PCC to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs relating to the category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources. Apportionments and Allocations:

St Peter's DCC:

Secretary's Salary: Printing and Stationery 58% - Upkeep of Services 99% - Upkeep of Services

29% - Parish Magazine 12% - Ministry

1% - Advertising the Church

1% - Advertising the Church

St. Michael's DCC: All expenditure covering a number of cost centres was allocated according to activity. Theprovideddiocesanfor inparishthesecontributionaccounts asis anaccountedoperationalfor when(thoughdue.notanylegal)parishliabilitycontributionand is unpaidshown atas 31sta creditorDecemberin theis Balance Sheet.

Taxation

The PCC is exempt from tax on its charitable activities.

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BEXHILL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2020

1. ACCOUNTING POLICIES

Fixed Assets

Consecrated and beneficed property is not included in the accounts in accordance with s.10(2)(a) and (c) of the Charities Act 2011.

Movable church furnishings held by the Team Rector and Churchwardens on special trust for the PCC and which require a faculty for disposal are inalienable property, listed in the church's inventory, which can be inspected (at any reasonable time). For inalienable property acquired prior to 1st January 2006 there is insufficient cost information available and therefore such assets are not valued in the financial statements. Any individual items acquired since 1st January 2006, with a cost of more than £1,000 has been capitalised in the accounts and depreciated over their useful economic life.

All freehold and leasehold property is being depreciated over 50 years on a straight line basis with the exception of St. Michael's new small hall and the land at 22 St. Peter's Mews. The small hall is being depreciated over 40 years on a straight line basis being its guaranteed life. The land has not been depreciated.

Depreciation

Depreciation is calculated to write down the cost of tangible fixed assets, excluding freehold properties, over their expected useful lives at the following rates: Minibus 25% Straight line basis Fixtures & Fittings 25% Straight line basis Equipment 25% Straight line basis

Investments

Fixed asset investments are stated at market value. Gains and losses on revaluation are included in the Statement of Financial Activities.

Cash at Bank

Cash at bank includes cash and short term highly liquid investments.

Current Assets Investments

Current Assets Investments includes cash held on deposit for investment purposes.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the members of the PCC.

Restricted funds can only be used for particular purposes within the objects of the PCC. Restrictions arise when specified by the donor or when funds are raised for a particular restricted purpose. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BEXHILL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

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FOR THE YEAR ENDED 31ST DECEMBER 2020

Unrestricted Restricted Endowment Total Funds
Funds Funds Funds 2020 2019
£ £ £ £ £
2. INCOME AND ENDOWMENTS
(a) Donations and legacies
Planned Giving:
Gift Aid donations 81,538 - - 81,538 79,733
Income tax recoverable 24,143 - - 24,143 20,522
Other planned giving 5,725 - - 5,725 6,885
Collections (open plate) at all services 6,146 860 - 7,006 16,846
Donations, appeals etc. (inc. Gift Aid) 10,083 8,919 - 19,002 32,882
Income tax recoverable on donations,
appeals etc - 954 - 954 1,777
Legacies 3,107 8,546 - 11,653 7,992
130,742 19,279 - 150,021 166,637
(b) Charitable activities
Church Dues for Weddings, Funerals
and Burial ofAshes 2,400 - - 2,400 4,202
Grant - HMRC - CJRS 17,317 - 17,317 -
Activity group income - 60 - 60 365
Minibus receipts 176 - - 176 1,108
19,893 60 - 19,953 5,675
(c) Other trading activities
Fund-raising and appeals 553 1,818 - 2,371 16,515
Parish magazine and bookstall 2,022 - - 2,022 2,500
Candles and. flowers 302 - - 302 539
Sales - 85 - 85 180
Rent receivable including ground rent 17,600 - 7,920 25,520 25,670
St Michael's hall lettings - 4,817 - 4,817 11,106
Ivens room lettings 131 - - 131 476
20,608 6,720 7,920 35,248 56,986
(d) Investments
Dividends and interest 728 1,587 1,838 4,153 5,985
728 1,587 1,838 4,153 5,985
(e) Other receipts
Listed Places of Worship VAT
reimbursement 237 4,030 - 4,267 2,703
Insurance claim - 2,234 - 2,234 -
Refund of vicarage costs by Diocese - - - - 885
237 6,264 - 6,501 3,588
TOTALINCOME 172,208 33,910 9,758 215,876 238,871

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BEXHILL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31ST DECEMBER 2020

Unrestricted Restricted Endowment Total Funds
Funds Funds Funds 2020 2019
£ £ £ £ £
3. EXPENDITURE
(a) Raising funds
Advertising the church 175 - - 175 285
Stewardship costs 214 - - 214 211
Costs of fund raising events - 288 - 288 2,867
389 288 - 677 3,363
(b) Charitable activities
Missionary and Charitable Giving:
Church Overseas Missionary
Societies - 514 - 514 1,359
Relief and Development Agencie 580 220 - 800 3,278
Home Missions and Other Church
Societies 420 - - 420 1,049
Secular Charities 848 852 - 1,700 1,061
1,848 1,586 - 3,434 6,747
Ministry:
Diocesan parish share 86,383 - - 86,383 94,056
Clergy costs 6,082 - - 6,082 9,198
Associate Vicar - - - - 12,166
Parish Children & Families Work: 28,739 2,037 - 30,776 32,272
Church running expenses 11,968 1,466 1,370 14,804 18,060
Church maintenance 1,043 6,762 - 7,805 10,436
Upkeep of services 30,499 271 - 30,770 44,007
Churchyard and gardening 1,180 - - 1,180 1,415
Parish magazine and bookstall 2,432 - - 2,432 2,158
Training, youth and evangelism 45 80 - 125 1,241
Hall running costs 1,494 7,558 - 9,052 11,871
Other property costs 4,752 - 5,412 10,164 14,197
Major repairs:
St Peter's Church - 12,788 - 12,788 16,965
St Michael's Community Centre - 4,312 - 4,312 5,155
Architect's fees - 2,404 - 2,404 2,808
Faculty fees - 302 - 302 -
Quinquennial inspection fees - - - 1,015
Other professional fees 778 - - 778 778
Activity groups running expenses - 604 7 604 3,718
Independent examiner's fees 1,524 - - 1,524 1,488
Accountancy fees 2,928 252 - 3,180 2,852
Sundry expenses 130 80 - 210 219
Minibus running expenses 997 - - 997 1,655
Depreciation:
Freehold property 8,540 - - 8,540 10,720
Leasehold property - 2,180 1,100 3,280 1,100
Equipment 320 - - 320 328
191,682 42,682 7,882 242,246 306,625
(c) Other
Transfer to St. Andrew's Trust - - - - 225,393
Donation refunded - 45 - 45 -
Transfer of St Michael's Church
Vicarage to Diocese - - - - 70,400
= 45 - 45 295,793
TOTALEXPENDITURE 192,071 43,015 7,882 242,968 605,781

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BEXHILL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31ST DECEMBER 2020

Governance
4. SUPPORT COSTS Other Costs Total
£ £ £
Charitable activities 210 4,704 4,914
Support costs, included in the above, are as follows:
2020 2019
£ £
Other
Sundry expenses 210 219
Governance costs
Accountancy fees 3,180 2,852
Independent examiner's fees 1,524 1,488
4,704 4,340
2020 2019
5. STAFF COSTS £ £
Wages and Salaries
Associate Vicar (including other ministerial services) - 12,166
Parish Children and Family Worker 29,941 30,290
Lay Staff, Secretary, Verger, Organists, Choir and Cleaners 25,996 35,530
Employer's Pension Contributions 816 817
Employer's National Insurance Contributions - -
56,753 78,803
The average number of staff employed was:
Full Time 1
Part Time 11
Choir 24

No employee had emoluments in excess of £60,000 per annum.

Payments to PCC Members

Janine Scothern, the Parish Children and Families worker, is, in this capacity, an ex-officio member of the PCC. She was paid £29,941 for Parish work with special responsibility for children and families. She also received £258 for travelling, office expenses, telephone costs and other expenses.

Alan Stevens (an elected member of the PCC) by trade undertakes general house maintenance and in that capacity carried out work for the PCC during the year to the value of £80.

There were no other disclosable transactions in respect of PCC members, nor persons closely connected to them, nor other related parties.

to them, nor other related parties.
2020 2019
£ £
6. GRANTS PAID DURING THE YEAR
Kariobangi Aids Orphanage, Kenya - 2,320
All grants under £1,000 3,434 4,427
3,434 6,747

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BEXHILL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31ST DECEMBER 2020

7. TANGIBLE ASSETS FOR USE BY THE PCC

----- Start of picture text -----
||||||||||| |---|---|---|---|---|---|---|---|---|---| |Freehold| |Land|and|Leasehold|Fixtures| |Buildings|Building|Minibus|&|Fittings|Equipment|Total| |£|£|£|£|£|£| |Cost/|Valuation| |At|1st|January|2020|520,641|55,000|13,194|13,962|1,303|604,100| |Additions|-|-|-|-|-|-| |Disposals|-|-|-|-|-|-| |At|31st|December|2020|520,641|55,000|13,194|13,962|1,303|604,100| |Depreciation| |At|1st|January|2020|159,571|20,900|13,194|13,962|983|208,610| |Charge|for|the|year|10,720|1,100|-|-|320|12,140| |On|disposals|-|-|-|-|-|7| |At|31st|December|2020|170,291|22,000|13,194|13,962|1,303|220,750| |Net|Book|Value| |At|31st|December|2020|350,350|33,000|-|-|-|383,350| |At|31st December 2019|361,070|34,100|-|-|320|395,490|

----- End of picture text -----

The land and buildings are as follows and are under the control of the individual DCC's. St. Peter's PCC

The leasehold property is a flat at 4 Calverley Court, 10/12 Collington Avenue, Bexhill-on-Sea. The property is being depreciated over 50 years on a straight line basis from 1st January 2001. St. Peter's DCC

The freehold land and properties are 21 St. Peter's Mews, 22 St Peter's Mews, St Peter's Community Centre, St Peter's Stables and 18 St. David's Avenue. In addition, there are the freeholds of No's. 1 to 20 St. Peter's Mews, but it is the opinion of the valuers that due to the long leases granted their values are negligible. 21 St. Peter's Mews, St. Peter's Community Centre and St. Peter's Stables are being depreciated over 50 years on a straight line basis from ist January 2001 while 18 St. David's Avenue is being depreciated over 50 years from 1st January 2012. 22 St. Peter's Mews is freehold land and is therefore not depreciated. St. Michael's DCC

The freehold properties are the two Community Centre Halls.

The large hall are being depreciated over 50 years on a straight line basis from 1st January 2001. The small hall is being depreciated over 40 years from ist January 2003 (being its guaranteed life) on a straight line basis.

Basis of Valuation

Abbott & Abbott carried out a valuation of the Freehold Land and Buildings held at 23rd December 1997

----- Start of picture text -----
|||||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |which|was|as|follows:|£| |21|St.|Peter's|Mews|70,000| |Land|at|22|St.|Peter's|Mews|250| |St.|Peter's|Community|Centre|150,000| |St.|Peter's|Stables|20,000| |St.|Michael's|Community|Centre|-|Hall|No.|1|30,000| |270,250| |18|St.|David's|Avenue|is|included|at|cost|187,195| |St.|Michael's|Community|Centre|Small|Hall|(Hall|No.|2)|is| |included|at|cost|63,196| |520,641| |Abbott|&|Abbott|also|carried|out|a|subsequent|valuation|of|the|Leasehold|Building|on|6th|February|2001| |which|was|as|follows:| |Flat|4|Calverley|Court,|10/12|Collington|Avenue|55,000|

----- End of picture text -----

No provision has been entered within the financial statements for any liability to maintain the PCC's or DCC's buildings.

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BEXHILL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31ST DECEMBER 2020

8. INVESTMENTS Realised Realised Unrealised
Market Gain/ Gain/ Market Market
Value at Additions/ (Loss) for (Loss) for Value at Value at
1.1.20 (Disposals) the year the year 31.12.20 2019
£ £ £ £ £ £
2,387.90 CBF Investment Fund Shares
Income Shares 45,774 - - 3,147 48,921 45,774
688.20 CBF Investment Fund Shares
Income Shares 13,193 - - 907 14,100 13,193
439.11 CBF Investment Fund Shares
Accumulation Shares 27,651 (7,320) (520) 2,021 21,832 27,651
1,979.69 CBF Fixed Interest Fund
Income Shares 3,243 - - 114 3,357 3,243
1,487.80 CBF Fixed Interest Fund
Income Shares 2,438 - - 86 2,524 2,438
Three Sets of Maundy Coins 15 - - - 15 15
92,314 (7,320) (520) 6,275 90,749 92,314
Historical Cost 2020 2019
£ £
2,387.90 CBF Investment Fund Shares See Note See Note
688.20 CBF Investment Fund Shares 589 589
439.11 CBF Investment Fund Shares 4,839 6,754
1,979.69 CBF Fixed Interest Fund Shares 3,192 3,192
1,487.80 CBF Fixed Interest Fund Shares 2,402 2,402
Three Sets of Maundy Coins (At Probate Value) 15 15
Notes:
The cost of the 2,387.90 Investment Fund shares is not		 known as the shares were purchased
many years ago. These are held by the Official Custodian for Charities.
All Investments are held in the UK.
2020 2019
£ £
9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Income tax refunds due 5,342 7,562
Other debtors 662 1,200
Prepayments 2,310 2,044
8,314 10,806
10. CURRENT ASSET INVESTMENTS
Cash on deposit 382,501 387,383
11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Accruals
Other creditors		 315
6,785		 546
15,727
7,100 16,273
12. LEASING COMMITMENTS
Minimum lease payments under non-cancellable operating leases fall due as follows:
Betweenoneandfiveyears 5,904 7,872

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BEXHILL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31ST DECEMBER 2020

12. STATEMENT OF FUNDS Brought Expend- Net gains/ Balance
forward Income iture losses Transfers at 31.12.20
Unrestricted funds £ £ £ £ £ £
Designated funds
PCC Central fund
Good shepherd 45,331 Zz - 1,501 (25,000) 21,839
Minibus 1,232 317 (997) - - 552
St. Peter's DCC
Property reserve 306,130 - (8,540) - - 297,590
Fabric fund 1,364 5 - - - 1,369
Organ fund 2,079 9 - - - 2,088
Parish children & families
worker fund 8,709 12,274 (28,739) - 11,000 3,244
Musical instrument fund 381 2 - - - 383
St. Michael's DCC
Fabric fund 6,014 - - - - 6,014
Defibrillator fund 375 - - - - 375
Community centre rooffund 9,944 - - - (4,312) 5,632
General Funds 381,559 12,614 (38,276) 1,501 (18,312) 339,086
PCC Central fund (30,453) 2,037 (2,601) - 32,254 1,237
St. Peter's DCC 56,331 125,959 (121,807) - 3,162 63,645
St. Michael's DCC 5,552 31,598 (29,387) - - 7,763
412,989 172,208 (192,071) 1,501 17,104 411,731
Restricted funds
PCC Central Fund
Rector & churchwarden
discretionary fund 322 - - - - 322
Eveline Armstrong deceased
legacy fund 396 - - - - 396
St. Peter's DCC
Fabric fund 219,076 8,451 (22,244) - 20,000 225,283
Parish children & families
worker fund 909 1,128 (2,037) - - -
Incumbents board 45 - (45) - - -
Defibrillator fund 563 2 (86) - - 479
Flower capital fund (capital) 2,438 - - 86 - 2,524
Flower capital fund (income) - 83 - - (83) -
Organ fund 8,233 34 (420) - - 7,847
Candle capital fund (capital) 3,243 - - 114 - 3,357
Candle capital fund (income) - 110 (110) - - -
TFG fund 1,169 263 (52) - - 1,380
Musical instrument fund 2,639 751 (39) - - 3,351
Friends ofSt. Peters 56,975 3,895 - - (20,000) 40,870
Forspecific purposes - 1,182 (1,182) - - -
Activity groups 32,848 2,024 (1,312) - 83 33,643
St. Michael's DCC
Flowerguild 672 205 (162) - - 715
East window maintenance 230 - - - - 230
Organ fund 363 - - - - 363
Activity groups 1,756 678 (603) - 1,831
Defibrillatorfund 269 - (39) - - 230
Sound system 1,138 - - - - 1,138
Moving forward - 2,113 - - - 2,113
Community centre (capital) 54,940 - (2,180) - - 52,760
Community centre (income
& expenditure) 6,136 5,063 (12,122) - 4,312 3,389
Church driveway maintenance
fund 5,940 7,546 - - - 13,486
For specific purposes - 382 (382) - = =
400,300 33,910 (43,015) 200 4,312 395,707

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BEXHILL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31ST DECEMBER 2020

12. STATEMENT OF FUNDS STATEMENT OF FUNDS
Brought Expend- Net gains/ Balance
forward Income iture losses Transfers at 31.12.20
£ £ £ £ £ £
Endowment funds
Permanent
St. Peter's DCC
Capital 45,774 - - 3,148 - 48,922
Income - 1,370 (1,370) - - -
Expendable
PCC Central Fund
Capital 47,293 - (1,100) 906 - 47,099
Income 38,458 8,388 (5,412) - (21,416) 20,018
131,525 9,758 (7,882) 4,054 (21,416) 116,039
Totalfunds 944,814 215,876 (242,968) 5,755 - 923,477

Details of designated funds are as follows:

PCC Central Fund Good Shepherd

The fund was set up a number of years ago when the Good Shepherd Church was sold. The net sale proceeds were set aside for the purpose of providing funds for major repairs or other projects in addition to generating income and capital growth.

Minibus

The PCC owns a minibus which is used to transport parishioners to church. A separate bank account is used for the running of the minibus.

St. Peter's DCC

Property Reserve

This fund represents the net book value of the tangible fixed assets held by St. Peter's DCC. Fabric Fund

Monies have been set aside by the members of St. Peter's DCC for the purposes of maintaining the fabric of St. Peter's Church. Organ Fund Monies have been set aside by the members of St. Peter's DCC for the purposes of maintaining the organ at St. Peter's Church.

Parish children & families worker Fund

Monies raised during certain activities have been set aside by the members of St. Peter's DCC for the purpose of the funding of the Parish children & families worker towards their salary and expenses. Musical instrument fund

Monies raised during certain activities have been set aside by the members of St. Peter's DCC for the purpose of providing and repairing musical instruments. St. Michael's DCC

Fabric Fund

Monies have been set aside by the members of St. Michael's DCC for the purposes of maintaining the fabric of St. Michaels’ Church.

Defibrillator fund Monies have been set aside by the members of St. Michael's DCC for the purposes of purchasing a defibrillator for the church.

Community centre roof fund

Funds held by St Peter's PCC were transferred to St. Michael's DCC for the purpose of earmarking funds towards the cost of roof repair to the community centre.

Details of restricted funds are as follows:

PCC Central Fund

Rector & Churchwarden Discretionary Fund

Monies had been received by St. Andrew's DCC to be expended at the discretion of the rector and churchwarden. Following St. Andrew's closure this has been transferred to the PCC Central Funds to be used for the same purpose.

Eveline Armstrong Deceased Legacy Fund

This legacy was left to St. Andrew's DCC for vestments, equipment or furniture dedicated to the memory of Mrs Agnes Ada Armstrong. Following St. Andrew's closure this has been transferred to the PCC Central Fund to be used for equipment or furniture to which these funds could properly be used.

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BEXHILL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31ST DECEMBER 2020

Page 18

12. STATEMENT OF FUNDS

Continuation of details of restricted funds:

St. Peter's DCC Fabric fund This fund contains legacies and donations specifically for the maintenance of St. Peter's church fabric. Parish children & families worker fund This fund contains legacies, grants and donations specifically for the funding of the salary and expenses of a parish children & families worker. Incumbents board fund Donations have been received specifically towards the repainting of the letters on the Incumbents board in St. Peter's Church. Defibrillator fund Donations have been received specifically towards the costs of purchasing a defibrillator for St. Peter's church. Flower capital fund Many years ago 1,487.80 shares were purchased in the CBF Fixed Interest fund for the purpose of providing income towards the provision of flowers in St. Peter's church. Each year the interest is transferred to the Flower Group to use for this purpose. Organ fund Monies have been donated for the purposes of maintaining the organ at St. Peter's church. Candle capital fund Many years ago 1,979.69 shares were purchased in the CBF Fixed Interest fund for the purpose of providing income towards the provision of candles in St. Peter's church. TFG fund

Donations were received specifically towards the "Time for God" initiative Musical instrument fund Monies have been donated and raised during certain activities for the purpose of providing and repairing musical instruments.

Friends of St. Peter's The Friends of St. Peter's is a separate group with its own committee and holds its owns funds. Its purpose is to raise funds for specific projects to help St. Peter's Church's buildings and fabric. Collections and donations for specific purposes

During the year funds are collected, donated or raised for specific purposes. These funds are then expended in the year they are received. In the year ended 31st December 2020 the following items passed through this fund:

this fund:
Collections for the following:
Anthony Nolan Trust 225
Bexhill Foodbank 265
Leprosy Mission 360
Mission Aviation Fellowship 154
National Autistic Society 178
1,182

Activity groups

A number of groups operate within St. Peter's DCC for specific activities. All of these groups hold their funds in their own separate bank accounts and have their own committees. These groups are: Bellringers group, Flower Guild, Servers Guild, Sewing Guild, Social Committee and choir group.

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BEXHILL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31ST DECEMBER 2020

Page 19

13. STATEMENT OF FUNDS

Continuation of details of restricted funds:

St. Michael's DCC Flower Guild

This group operates within St. Michael's DCC for the purposes of providing flowers in the church. It raises funds specifically for this purpose.

East window maintenance

Monies were donated towards the maintenance of the east window at St. Michael's church. Organ fund

Monies have been donated for the purposes of maintaining the organ at St. Michael's church. Activity groups

Two groups operate within St. Michael's DCC for specific activities. These groups hold their funds in their own separate bank accounts and have their own committees. These groups are: St. Michael's Toddler group and the Lunch club.

Defibrillator fund

Donations have been received specifically towards the costs of purchasing a defibrillator for St. Michael's church. Sound system fund Donations have been received specifically towards the costs of purchasing a new sound system at St. Michael's church.

Moving forward Donations are being received to provide funds for when the church has had new clergy appointed again to go towards these costs. Community centre St Michael's community centre has its own committee and holds its own funds in a separate bank account. Its purpose is to run and maintain the community centre at St. Michael's church. Church driveway maintenance fund

A legacy was received for the purpose of maintaining the driveway in the church grounds at St. Michael's. Collections and donations for specific purposes

During the year funds are collected, donated or raised for specific purposes. These funds are then expended in the year they are received. In the year ended 31st December 2020 the following items passed through this fund:

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |Collections|for|the|following:| |Bexhill|Foodbank|55| |Open|Doors|re|Syrian|Christians|220| |Royal|British|Legion|27| |Donations|for|the|following:| |Retirement|gift|80| |382|

----- End of picture text -----

Details of endowment funds are as follows:

Permanent

The investments are held in trust in the name of Sussex Church Lands Charity and the income only is to be used for the general purposes of St. Peter's church. The fund consists of 2,387.90 shares in the Investment Fund of the Central Board of Finance of the Church of England. The shares are held by the Official Custodian for Charities.

Expendable

The expendable endowment fund was created in 1964 when donations were invited to create a fund to supplement St Andrew's church's income. Between 1964 and 1973 money raised enabled the purchase of 6,423 shares in the Investment Fund of the Central Board of Finance of the Church of England at a total cost of £5,500. Most of the income derived from the holdings has been accumulated within a deposit account with the Central Board of Finance together with interest on the deposit account. As the fund was created to supplement St Andrew's church's income the Endowment Fund (Income) can be applied as the church sees fit and transfers made accordingly. During 1998, 5,734.80 shares were sold in order to provide cash to purchase a flat for the priest in charge. St. Andrew's Church closed during 2012 and the fund was transferred to St. Peter's PCC and is now represented by 688.20 shares in the Investment Fund of the Central Board of Finance and the Leasehold Property known as Flat 4, Calverley Court, 10/12 Collington Avenue.

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BEXHILL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31ST DECEMBER 2020

14. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Unrestricted Restricted Endowment Total Funds
Funds Funds Funds 2020 2019
£ £ £ £ £
Tangible fixed assets 297,590 52,760 33,000 383,350 395,490
Fixed asset investments 21,847 29,705 63,021 114,573 92,314
Current assets 99,065 337,395 20,018 456,478 473,283
Creditors (6,771) (329) - (7,100) (16,273)
411,731 419,531 116,039 947,301 944,814

15. TRANSFERS BETWEEN FUNDS

St. Peter's PCC general unrestricted fund made a transfer to St. Peters DCC general unrestricted of £2,600 to cover the photocopying costs of the church magazine.

St. Peter's PCC general unrestricted fund made a transfer to St. Peters DCC designated Parish Children and families worker fund of £11,000 towards their salary and expenses.

PCC agreed to transfer £25,000 from the Designated Good Shepherd fund and £21,416 from the expendable endowment income fund which also provided enough funds to make the £11,000 transfer to St Peter's DCC mentioned above.

St. Peter's PCC transferred £562 from its general unrestricted reserves to St. Peter's DCC to pay for a computer.

St. Peter's DCC Restricted Flower Capital Fund transferred £83, being the dividends on the capital held in this fund, to St Peter's DCC Restricted Flower Guild to be spent on flowers at the church. The Friends of St Peter's, a restricted fund, transferred £20,000 to St. Peter's DCC general unrestricted fund as

donation towards its major repairs.

St Michael's DCC agreed to pay for repairs to the St Michael's Community Centre, so transferred £4,312 from its unrestricted fund to the St Michael's Commnity Centre restricted fund.

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BEXHILL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

Page 21

FOR THE YEAR ENDED 31ST DECEMBER 2020

16. COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted Restricted Endowment Total
Funds Funds Funds 2019
£ £ £ £
INCOME AND ENDOWMENTS FROM:
Donations and legacies 138,999 27,638 - 166,637
Charitable activities 4,995 680 - 5,675
Other trading activities 28,819 20,247 7,920 56,986
Investments 1,470 2,675 1,840 5,985
Other receipts 1,134 2,454 - 3,588
TOTAL INCOME 175,417 53,694 9,760 238,871
EXPENDITURE ON:
Raising funds 1,019 2,344 - 3,363
Charitable activities 235,536 62,385 8,704 306,625
Other 70,400 225,393 - 295,793
TOTAL EXPENDITURE 306,955 290,122 8,704 605,781
(131,538) (236,428) 1,056 (366,910)
Gains/(losses) on investments 5,063 124 9,292 14,479
NET INCOME/ (EXPENDITURE) (126,475) (236,304) 10,348 (352,431)
TRANSFERS BETWEEN FUNDS 1,611 (1,611) - -
NET MOVEMENT IN FUNDS (124,864) (237,915) 10,348 (352,431)
RECONCILIATION OF FUNDS
Total funds brought forward at ist January 2019 537,853 638,215 121,177 1,297,245
TOTAL FUNDS CARRIED FORWARD AT 31ST
DECEMBER2019 412,989 400,300 131,525 944,814

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Page 22

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BEXHILL SUPPLEMENTARY NOTE TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2020

OUTWARD GIVING Income Income
PCC via Direct to Total Total
Funded PCC Charity 2020 2019
£ £ £ £ £
Anthony Nolan Trust - 225 - 225 -
Beachy Head Chaplaincy 150 - - 150 -
Bexhill Foodbank 575 319 - 894 120
Bexhill Street Pastors - - - - 125
Bishop's Mission/Discretionary Fund - - - - 355
British Legion (Poppies) 23 27 - 50 -
Caring and Sharing - - 3,605 3,605 5,147
Children's Society - - 250 250 797
Christians against Poverty 270 - - 270 445
Christian Aid - - 2,244 2,244 4,391
Christian Voices - Warming up the Homeless - - - - 187
Church Army - - - - 748
CMS - - 151 151 534
Discretionary payment to individual - 102 - 102 -
Fellowship of St. Nicholas - - - - 399
Kariobangi Aids Orphanage, Kenya - - - - 2,376
Laurence Barham Memorial Trust, Rwanda - - - - -
Leprosy Mission - 360 1,840 2,200 3,654
Mission Aviation Fund - 154 - 154 -
Mission to Sea Farers - - - - 179
Mothers Union - - - - 200
Myeloma UK - - 216 216 -
Open Door re. Syrian Christians 280 220 - 500 500
National Autistic Society - 179 - 179 -
Parchment Trust - - - - 30
Royal British Legion - - - - 187
Save the Children - - - - 146
Shevet Achim 300 - - 300 300
3rd Bexhill Scouts 250 - - 250 -
St. Peter and St Paul C of E Primary School * - - - - 650
Toilet Twinning - - - - 260
US - - - - 377
World Vision - - - - 158
1,848 1,586 8,306 11,740 22,265

4