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2020-12-31-accounts

St. John the Evangelist Hildenborough

REPORT & ACCOUNTS Year ended 31st December 2020

Annual report of the Parochial Church Council 2020

PARISH OF HILDENBOROUGH

Background.

The Parish of Hildenborough is a village, 3 miles north of Tonbridge in Kent, with about 5000 inhabitants. The Parish Church of St. John the Evangelist was established in 1844, and has a range of services. The Parochial Church Council (PCC) has responsibility for co-operating with the incumbent in promoting within the Parish the whole Mission of the Church, pastoral, evangelistic, social and ecumenical. Revd. Tim Saiet is the incumbent. He is assisted by Mr Marcus Hockley (Children and Families Pastor) and Mrs Susan Trowbridge, (Lay Reader, Anna Chaplain and Seniors Pastor). Together, the PCC and incumbent also have overall responsibility for the administration and financial affairs of the Church including the care and maintenance of the Church, Churchyard and other Church buildings. The latter includes a Church Centre complex and a semi-detached house at 12 Fellowes Way, Hildenborough, which is currently let. There were nine PCC meetings during the year in addition to the APCM which was delayed until October following permission granted by the Church of England on account of COVID restrictions. For the same reason, all but the February meetings have taken place via Zoom. Legislation and guidance surrounding COVID have also resulted in both the Church and Church Centre being closed for much of the year with a consequential effect on income. Live services and activities resumed for a spell in September and October, but as Corona infection rates rose in the area and the village was placed in tier three on the Government’s system, the Incumbent and PCC made the decision, with permission from the Bishop, to once again suspend live services. However, the Church has had a very lively presence online with regular services and Kids Church being either recorded, or more recently, streamed from the Church. Viewing figures indicate that these have been a great success. St. John’s has also continued to serve the community through its support network and operation of its Food Bank. The business and activities of the PCC and parish during the year are reflected in the document “Reports of the Various Committees and Organisations” which includes the Vicar’s Report and is available alongside these accounts. This year it largely reflects “pre-lockdown” activity. A summary of the key outcomes of each PCC meeting is available from the PCC secretary and approved minutes are available to view on request.

Membership of the P.C.C.

Members of the PCC are either ex-officio or are elected by the Annual Parochial Church Meeting in accordance with the Church Representation Rules. Churchwardens are elected by the whole of the Parish. During the year the following persons have served as members of the PCC:

Incumbent Revd.T Saiet Chairman
Licensed Children & Mr M. Hockley
Families Pastor
Churchwardens
(elected) Mr D Green(retired 12/10/20) Vice Chair
Mr W. Glass Vice Chair(from 12/10)
Mr G Paterson(appointed 12/10/20 retired 20/12/20)
Mr John Bonarius(appointed 18/01/21)
Deanery Synod Lay Representatives (elected)
Mrs Rosemary Barton
Mrs Coen Kooiman(retired 12/10/20)
Mr Nicholas Hawkins

Lay Representatives to the PCC (elected)

Mr Chris Mileham (Treasurer) Mr Peter Thomas Mrs Caroline Rodger Mrs Annie Hawkins (retired 12/10/20) Mr Josh Hamlyn (retired18/01/20) Mr John Bonarius (appointed 12/10/20) Mr Trevor Long (appointed 12/10/20)

Mrs Julie Rhodes Mr Gordon Paterson

Persons Co-Opted by the PCC

Mrs Sue Glass (May 2019 - Oct 2020) Mrs Nancy Mansfield (Nov 2019 - Oct 2020)

PCC Secretary

Mrs A Willmont

Committees

The PCC operates through a number of Committees which meet between the full meetings of the PCC. Each Committee (except the Standing and Finance Committee) prepares minutes of its meetings and presents them to the next following PCC for consideration.

Standing and Finance Committee.

This Committee may transact the business of the PCC between full meetings. In practice its main business consists of the drawing up of the Agenda for PCC meetings and discussions of how particular topics are to be handled.

It also oversees the financial affairs of the Parish, giving advice to the PCC on specific expenditure requests and producing monthly monitoring statements and the annual budget and accounts.

Mission Support Committee.

Promotes mission at home other than within the Parish and overseas and arranges financial, practical and prayer support through prayer meetings, Home Groups and periodic information via the Church notices. Details of financial support given in the past year is included in the Annual Accounts.

Church Centre Committee.

Responsible for the care, maintenance and letting of the Church Centre complex.

Churchyard Committee.

This committee generally consists of two Church representatives and two Parish Council representatives and is responsible with the Parish Council for the upkeep of the churchyard. The committee currently has no members.

Church Electoral Roll.

See separate report.

Church Attendance.

The average adult attendance on Sunday has been difficult to ascertain accurately as the majority of services have been online. However it is clear that online viewings have exceeded the average numbers usually attending in church which for 2019 was 170 (children 45).

Safeguarding

The Parochial Church Council has complied with its duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 (duty to have due regard to House of Bishops’ guidance on safeguarding children and vulnerable adults).

Parochial Church Council of St John the Evangelist, Hildenborough

Statement of Financial Activities

For the year ending 31 December 2020

Note Unrestricted Designated Restricted TOTAL TOTAL
Funds Funds Funds FUNDS FUNDS
£ £ £ £ £
2020 2019
INCOMING RESOURCES
Incoming resources from donors 2(a) 108,040 - 500 108,540 118,334
Other voluntary incoming resources 2(b) - 3,067 29,702 32,769 23,636
Incoming resources from operating activities
to further the Council’s objects 2(c) 42,120 - 733 42,853 51,460
to generate funds 2(d) - 12,817 - 12,817 14,889
Income from investment 2(e) 1,296 71 - 1,367 1,278
------------- ------------- ------------- ------------- -------------
TOTAL INCOMING RESOURCES 151,456 15,955 30,935 198,346 209,597
======== ======== ======== ======== ========
RESOURCES EXPENDED
Grants 3(a) 3,200 - 1,116 4,316 13,584
Activities directly relating to the work of the Church 3(b) 98,363 11,533 23,879 133,775 147,134
Church management and administration 3(c) 49,804 - 500 50,304 49,925
Exceptional item 3(d) - - - - 20,605
------------- ------------- ------------- ------------- -------------
TOTAL RESOURCES EXPENDED 151,367 11,533 25,495 188,395 231,248
======== ======== ======== ======== ========
NET INCOMING / (OUTGOING) RESOURCES 89 4,422 5,440 9,951 (21,651)
FUND TRANSFERS 9 7,973 (7,973) - - -
------------- ------------- ------------- ------------- -------------
NET MOVEMENT IN FUNDS 8,062 (3,551) 5,440 9,951 (21,651)
======== ======== ======== ======== ========
BALANCES BROUGHT FORWARD AT
1 JANUARY 2020 (2019) 37,015 30,381 63,498 130,894 152,545
Church and House Repair (reclassified to Designated Funds) (23,131) 23,131 - - -
------------- ------------- ------------- ------------- -------------
1 JANUARY 2020 Restated 13,884 53,512 63,498 130,894 152,545
======== ======== ======== ======== ========
BALANCES CARRIED FORWARD AT
31 December 2020 (2019) 21,946 49,961 68,938 140,845 130,894
======== ======== ======== ======== ========

1

Parochial Church Council of St John the Evangelist, Hildenborough

Balance Sheet at 31 December 2020

Note 2020 2019
£ £ £
FIXED ASSETS
Tangible fixed assets 5 48,257 48,257
======== ========
CURRENT ASSETS
Debtors 7 18,295 25,002
Diocesan General Fund 10 54,301 65,095
Diocesan Repair Funds 10 23,850 23,131
Cash at bank and in hand 32,988 8,468
------------ ------------
129,434 121,696
======== ========
LIABILITIES
Amounts falling due within one year 8 (36,846) (39,059)
------------- -------------
NET CURRENT ASSETS 92,588 82,637
======== ========
NET ASSETS 140,845 130,894
======== ========
FUNDS 6, 9
Unrestricted
As previously stated 37,015
Restated as Designated Funds (23,131)
21,946 ------------- 13,884
Designated
As previously stated 30,381
Restated as Designated Funds 23,131
49,961 ------------- 53,512
Restricted 68,938 63,498
------------- -------------
140,845 130,894
======== ========

The Financial Statements have been prepared in accordance with Financial Reporting Standard for Smaller Entities (effective June 2002)

Approved by the Parochial Church Council on and signed on its behalf by:

Rev T Saiet

The notes on pages 3 to 10 form part of these accounts.

2

Parochial Church Council of St John the Evangelist, Hildenborough

Notes to the Financial Statements

For the year ended 31 December 2020

1 ACCOUNTING POLICIES

Please see notes below

2 INCOMING RESOURCES
Unrestricted Designated *Restricted TOTAL TOTAL
Funds Funds Funds FUNDS FUNDS
£ £ £ £ £
2020 2019
2(a) Incoming resources from donors **
Planned giving - Gift Aid donations 71,662 - - 71,662 75,547
Income tax recovered and recoverable 17,915 - - 17,915 20,886
Other planned giving 12,191 - - 12,191 8,564
Collections 2,233 - - 2,233 10,178
Legacies - - - - -
Sundry donations 4,039 - 500 4,539 3,159
------------- ------------- ------------- ------------- -------------
108,040 - 500 108,540 118,334
------------- ------------- ------------- ------------- -------------
2(b) Other voluntary incoming resources **
Contributions to cost of:
Chancel - - 5,275 5,275 15,071
Church Computer and New Services - - 376 376 3,337
Donations for third parties - - 3,398 3,398 679
“Keys” Magazine - 2,932 - 2,932 2,532
Bright Sparks (formerly Sunbeams) - 135 - 135 600
Vicar’s Discretionary - - 10,725 10,725 1,367
Who Let The Dads Out - - - - 50
Food Bank - - 9,928 9,928 -
------------- ------------- ------------- ------------- -------------
- 3,067 29,702 32,769 23,636
------------- ------------- ------------- ------------- -------------
2(c) Income from operating activities
to further the Council’s objects
Church Centre lettings etc 9,377 - - 9,377 25,942
Rental - Fellowes Way 15,600 - - 15,600 15,600
Fees 6,646 - - 6,646 9,918
HMRC Job Support Grants received 6,830 - - 6,830 -
Other Grants received 3,667 - 733 4,400 -
------------- ------------- ------------- ------------- -------------
42,120 - 733 42,853 51,460
------------- ------------- ------------- ------------- -------------

3

Parochial Church Council of St John the Evangelist, Hildenborough

Notes to the Financial Statements (continued)

For the year ended 31 December 2020

Notes to the Financial Statements (continued)
For the year ended 31 December 2020
Unrestricted Designated *Restricted TOTAL TOTAL
Funds Funds Funds FUNDS FUNDS
£ £ £ £ £
2020 2019
2(d) Income from operating activities:
to generate funds
Receipts for “Keys” advertising - 12,817 - 12,817 13,445
Tea & Coffee Corner - - - - 1,444
------------- ------------- ------------- ------------- -------------
- 12,817 - 12,817 14,889
------------- ------------- ------------- ------------- -------------
2(e) Income from investment:
Solar income 1,090 - - 1,090 950
Bank and other interest 206 71 - 277 328
------------- ------------- ------------- ------------- -------------
1,296 71 - 1,367 1,278
------------- ------------- ------------- ------------- -------------
TOTAL INCOMING RESOURCES 151,456 15,955 30,935 198,346 209,597
======== ======== ======== ======== ========
3 RESOURCES EXPENDED
Unrestricted Designated *Restricted TOTAL TOTAL
Funds Funds Funds FUNDS FUNDS
£ £ £ £ £
2020 2019
3(a) Grants (see also Note 12)
Missionary and charitable giving
Church overseas:
missionary and societies 750 - 582 1,332 3,330
relief & development agencies 350 - 534 884 2,504
Home missions & other Church Societies 2,100 - - 2,100 7,750
------------- ------------- ------------- ------------- -------------
3,200 - 1,116 4,316 13,584
------------- ------------- ------------- ------------- -------------

4

Parochial Church Council of St John the Evangelist, Hildenborough

Notes to the Financial Statements (continued)

For the year ended 31 December 2020

Notes to the Financial Statements (continued)
For the year ended 31 December 2020
Unrestricted Designated *Restricted TOTAL TOTAL
Funds Funds Funds FUNDS FUNDS
£ £ £ £ £
2020 2019
3(b) Activities directly relating to the work
of the Church Ministry:
Diocesan parish share 47,000 - - 47,000 69,000
Diocesan Board of Finance fees 1,786 - - 1,786 -
Clergy property expenses 4,779 - - 4,779 4,857
Clergy and Lay Minister working expense 4,458 - - 4,458 4,961
Church & Centre maintenance 3,805 3,797 - 7,602 11,281
Teaching materials 75 - - 75 100
Upkeep of churchyard 2,355 - - 2,355 1,058
Heating, Lighting & Water 6,252 - - 6,252 8,371
Organist/Music/Upkeep of services 5,337 - - 5,337 7,913
Church Computer and New Services 2,554 - 385 2,939 3,328
Expenditure on parish magazine *** - 7,128 - 7,128 6,439
Vicar’s Discretionary - - 6,864 6,864 875
Food Bank - - 3,062 3,062 -
Donations passed on - - 2,282 2,282 425
Young People's work 1,778 - - 1,778 3,805
Other Outreach & Evangelism 748 - - 748 1,571
Training 475 - - 475 1,580
Insurance 5,491 - - 5,491 5,369
Cleaning 5,820 - - 5,820 9,824
Bright Sparks (formerly Sunbeams) - 608 - 608 670
Chancel expenses - - 11,286 11,286 993
Fellowes Way 5,468 - - 5,468 4,302
Bank charges 182 - - 182 412
------------- ------------- ------------- ------------- -------------
98,363 11,533 23,879 133,775 147,134
------------- ------------- ------------- ------------- -------------

*** This expenditure was totally offset by advertising and other income (see Note 11)

3(c) Church management and administration
Church Office & Sundries 49,804 - 500 50,304 49,925
------------- ------------- ------------- ------------- -------------
3(d) Exceptional item
Oaks Nursery rent treated as income in 2018 - - - - 17,605
Legal costs related to land and licence to nursery - - - - 3,000
------------- ------------- ------------- ------------- -------------
- - - - 20,605
------------- ------------- ------------- ------------- -------------

As investigation of title raised significant doubt as to the rightful beneficial ownership of the Oaks Nursery land it was considered prudent to treat all rent received as a creditor pending clarification of ownership.

TOTAL RESOURCES EXPENDED 151,367 11,533 25,495 188,395 231,248
======== ======== ======== ======== ========

5

Parochial Church Council of St John the Evangelist, Hildenborough

Notes to the Financial Statements (continued)

For the year ended 31 December 2020

4 STAFF COSTS

4 STAFF COSTS
£
£
2020 2019
Wages, salaries and pension costs 43,283 46,713
======== ========

During the year the PCC employed two Administrators, a Centre Lettings Administrator, a Children and Families Pastor and a Church Cleaner, none of whom earned £50,000 p.a. or more.

Since 19 March 2019 the Children and Families Pastor has also been a member of the PCC. He receives no remuneration or expenses from undertaking that role.

During the Covid 19 Pandemic some employees were furloughed. Wages and salaries have been off-set by Government grants received under the Job Retention Scheme - see Note 2(c).

5 FIXED ASSETS FOR USE BS THE PCC

5 FIXED ASSETS FOR USE BS THE PCC
Freehold land
and buildings
£
Tangible fixed assets:
Net Book Value at 1 January 2020 48,257
-------------
Net Book Value at 31 December 2020 48,257
=========

The freehold land and buildings comprise the house located at 12 Fellowes Way, Hildenborough. For accounting purposes, the historical cost of this property is deemed to be its purchase cost plus the cost of the refurbishment and rewiring which took place in 2009, which was capitalised in 2009 and 2010.

Due to the likely life of the building no depreciation has been charged.

6 ANALSSIS OF NET ASSETS BY FUND

Unrestricted Designated *Restricted TOTAL
Funds Funds Funds
£ £ £ £
Fixed Assets for Church use as at 1 January 2020 - - 48,257 48,257
Current Assets at 1 January 2020 37,015 30,381 15,241 82,637
------------- ------------- ------------- -------------
Fund Balance at 1 January 2020 37,015 30,381 63,498 130,894
As restated (23,131) 23,131 - -
Net movement in year 8,062 (3,551) 5,440 9,951
------------- ------------- ------------- -------------
Fund Balance at 31 December 2020 21,946 49,961 68,938 140,845
======== ======== ======== ========

6

Parochial Church Council of St John the Evangelist, Hildenborough

Notes to the Financial Statements (continued)

For the year ended 31 December 2020

7 DEBTORS

7 DEBTORS
£ £
2020 2019
Income tax recoverable 16,832 18,624
Prepayments and accrued income 1,002 3,806
Other debtors 461 2,572
------------- -------------
18,295 25,002
======== ========

8 LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR

8 LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR
£ £
2020 2019
Accruals of utility and other costs 4,662 8,576
Oaks Nursery rent received 22,182 20,831
“Keys” receipts for the ensuing year 10,002 8,113
Income Tax payable - 1,539
------------- -------------
36,846 39,059
======== ========

7

Parochial Church Council of St John the Evangelist, Hildenborough

Notes to the Financial Statements (continued)

For the year ended 31 December 2020

9 FUND DETAILS

Opening Incoming Resources Closing
Balance Resources Expended Transfers Balance
£ £ £ £ £
UNRESTRICTED FUNDS
General Fund 37,015 151,456 (151,367) 7,973 21,946
Church and House Repair(reclassified to Designated Funds) (23,131)
------------- ------------- ------------- ------------- -------------
13,884 151,456 (151,367) 7,973 21,946
------------- ------------- ------------- ------------- -------------
DESIGNATED FUNDS
1. Keys Magazine - 15,749 (7,128) (8,621) -
2. Centre Refurbishment 28,953 - (3,797) - 25,156
3. Church & House Repair(reclassified from Unrestricted Funds) 23,131 71 - 648 23,850
4. Who Let The Dads Out 464 - - - 464
5. Bright Sparks (formerly Sunbeams) 964 135 (608) - 491
------------- ------------- ------------- ------------- -------------
53,512 15,955 (11,533) (7,973) 49,961
------------- ------------- ------------- ------------- -------------
RESTRICTED FUNDS
6. Fellowes Way House 48,257 - - - 48,257
7. Specific Donations - 3,398 (3,398) - -
8. Vicar’s Discretionary 492 11,458 (6,864) - 5,086
9. Food Bank - 9,928 (3,062) - 6,866
10. Clock Appeal 462 - - - 462
11. Church Computer and New Services 9 376 (385) - -
12. Chancel/Vision 2020 14,278 5,275 (11,286) - 8,267
13. Sundries - 500 (500) - -
------------- ------------- ------------- ------------- -------------
63,498 30,935 (25,495) - 68,938
------------- ------------- ------------- ------------- -------------
------------- ------------- ------------- ------------- -------------
TOTAL FUND DETAILS 130,894 198,346 (188,395) - 140,845
======== ======== ======== ======== ========

The purposes of these Funds are:-

8

Parochial Church Council of St John the Evangelist, Hildenborough

Notes to the Financial Statements (continued)

For the year ended 31 December 2020

10 DIOCESAN FUNDS

General Fund
Fund
£
Balance at 1 January 2020 65,095
Monies deposited 5,000
Monies withdrawn (16,000)
Interest from Diocese 206
Fees charged by Diocese -
-------------
Balance at 31 December 2020 54,301
=========
Repair Funds
Church * Fellowes Way
£ £
Balance at 1 January 2020 17,336 5,795
Monies deposited - 648
Interest from Diocese 52 19
------------- -------------
17,388 6,462
Less cost of works - -
------------- ------------
Balance at 31 December 2020 17,388 6,462
========= ========

11 RESOURCES EXPENDED

The details relating to “Keys” are as follows:-

The details relating to “Keys” are as follows:-
£ £
2020 2019
Printing and other costs (7,128) (6,439)
Contributions from public 2,932 2,532
Received in respect of advertising in current year issues 12,817 13,445
Transfer of surplus funds (8,621) (9,538)
------------- -------------
Surplus / (Deficit) for the year - -
======== ========

9

Parochial Church Council of St John the Evangelist, Hildenborough

Notes to the Financial Statements (continued)

For the year ended 31 December 2020

12 GRANTS

12 GRANTS
General Designated *Restricted TOTAL TOTAL
Fund Funds Funds FUNDS FUNDS
£ £ £ £ £
2020 2019
1. Church Overseas-Mission Societies
Release International 350 - - 350 2,250
Rev. Fred Njunga 400 - 582 982 400
Tanzania Bishops - - - - 600
Operation Christmas Child - - - - 80
------------- ------------- ------------- ------------- -------------
750 - 582 1,332 3,330
2. Church Overseas-Relief and Development Agencies
Tearfund 350 - 534 884 2,504
------------- ------------- ------------- ------------- -------------
350 - 534 884 2,504
3. Home Missions and other Church Societies
Children’s Workshop 1,400 - - 1,400 4,400
Longbarn 100 - - 100 600
Tunbridge Wells Street Teams - - - - 400
Kenward Trust 250 - - 250 800
Rock UK 350 - - 350 750
North Tonbridge Prospects - - - - 100
Crosslight/West Kent Debt Advice - - - - 500
Absolute Gospel Co (The King is Coming) - - - - 200
------------- ------------- ------------- ------------- -------------
2,100 - - 2,100 7,750
------------- ------------- ------------- ------------- -------------
TOTAL GRANTS 3,200 - 1,116 4,316 13,584
======== ======== ======== ======== ========
Notes

In addition £545 was collected and donated to Kent Area Churches Together who then returned £273 to St John’s.

10

Independent Examiner’s Report to the PCC of St John the Evangelist, Hildenborough

This report on the accounts of the PCC for the year ended 31 December 2020 which are set out on pages 1 to 10, is in respect of an examination carried out under Regulation 3(3) of the Church Accounting Regulations 1997 to 2001 (‘the Regulations’) and s.43 of the Charities Act 1993 (‘the Act’).

Respective responsibilities of the PCC and the examiner

As members of the PCC you are responsible for the preparation of the accounts; you consider that the audit requirement of Regulation 3(3) and Section 43(20) of the Act do not apply. It is my responsibility to issue this report on those accounts in accordance with the terms of Regulation 25.

Basis of this report

My examination was carried out in accordance with the General Directions given by the Charity Commission under Section 43(7)(b) of the Act and to be found in the Church guidance, 2001 edition, issued by the Finance Division of the Archbishops’ Council. The examination includes a review of the accounting records kept by the PCC and a comparison of the accounts 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 I do not express an audit opinion on the view given by the accounts.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

· to prepare accounts which accord with the accounting records and comply with the requirements of the Act and the Regulations, have not been met; or

(Signed)

M. Ayling A.C.I.S. 26 Stocks Green Road Hildenborough Kent

11

The PCC’s set of Accounting Policies

The financial statements have been prepared in accordance with the Church Accounting Regulations 1997 as amended by the Church Accounting (Amendment) Regulations 2001, the Financial Reporting Standard for Smaller Entities (effective June 2002) and the Charities SORP.

Reserve Policy

It is the policy of the PCC to maintain a balance of unrestricted funds which equates to a minimum of at least three months unrestricted payments to cover emergency situations that may occur from time to time. If this is not possible in a financial period, the PCC will take action during the ensuing financial period to reduce expenditure and/or increase income as necessary to maintain compliance with this policy.

It is our policy to invest the majority of our funds with the Diocese of Rochester.

Funds

The Unrestricted Fund represents the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC. The Designated Fund represents funds designated for specific purposes by the PCC. The Restricted Fund represents funds allocated for particular purposes by the donor.

The accounts 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 main affiliation to another body or those that are informal gatherings of church members.

Incoming Resources

Voluntary Income and Capital Sources

Collections are recognized when received by or on behalf of the PCC. Planned giving receivable under Gift Aid is recognized only when received.

Income tax recoverable on Gift Aid donations is recognized when the income is recognized.

Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement, the amount due is quantifiable and its ultimate receipt by the PCC is reasonably certain.

Other Income

Rental income from the letting of church premises is recognized when the rental is due.

Income from Investments

Interest entitlements are accounted for as they accrue.

Resources Used

Grants

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

12

Activities Directly Relating to the Work of the Church

The diocesan parish share is accounted for when paid. Any parish share unpaid at 31 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 Property and Movable Church Furnishings

Consecrated and beneficed property of any kind is excluded from the accounts by s.96(2)(a) of the Charities Act 1993.

Movable church furnishings held by the Vicar and Churchwardens on special trust for the PCC, and which require a faculty for disposal, are accounted as inalienable property unless consecrated. They are listed in the church’s inventory which can be inspected (at any reasonable time). For inalienable property acquired prior to 2002 there is insufficient cost information available and therefore such assets are not valued in the accounts. Items acquired since 1 January 2002 have been capitalized and depreciated in the accounts over their currently anticipated useful economic life (initially over 10 years) on a straight-line basis.

All expenditure incurred in the year on consecrated or beneficed buildings, individual items under (£1,000) or on the repair of movable church furnishings acquired before January 2002 is written off.

Other Properties

Depreciation on fixed asset properties has not been provided in these accounts as any charge is considered to be not material, on the basis that the asset has either, a very long useful life; or a residual value, based on its current value, which is not materially different from its carrying value.

Other Fixtures, Fittings and Office Equipment

Equipment used within the church premises is depreciated on a straight line basis over 4 years.

Individual items of equipment with a purchase price of £1,000 or less are written off when the asset is acquired.

Current Assets

Amounts owing to the PCC, at 31 December in respect of fees, rents or other income are shown as debtors less provision for amounts that may prove uncollectable.

Short-term deposits include cash held on deposit either with the Diocesan Board of Finance Funds or at the bank.

Charity Commission

The Parochial Church Council of the Ecclesiastical Parish of St John the Evangelist, Hildenborough is registered as a charity with the registered number of 1132021.

13