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2020-12-31-accounts

St Mary’s Church

St Mary’s Road Ealing W5 5RH

Annual Report and Financial Statements of Parochial Church Council for year ending 31 December 2020

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REFERENCE AND ADMINISTRATIVE DETAILS

Church office: St Mary’s Church, St Mary’s Road, Ealing, LONDON W5 5RH Vicar: The Revd Steve Paynter, 11 Church Place, Ealing, LONDON W5 4HN Principal bank: CAF Bank Limited (online bank) 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ Independent examiner: Maria Bob, FCCA 15 Beaconsfield Road, Ealing, LONDON W5 5JE Investment managers: Church of England Board of Finance Inland Revenue (Gift Aid) reference: XN22839 Charity Commission registration number: 1132026 Environmental Body enrolment number: 984068

STRUCTURE, GOVERNANCE & MANAGEMENT

St Mary’s Church was the historic parish church of Ealing. Following changes to the demography of the Borough, especially in the 19th century, St Mary’s is now one of a number of Anglican churches in the London Borough of Ealing. It is within the Willesden Area of the Diocese of London, and in the Archdeaconry of Northolt and the Ealing Deanery.

The membership of St Mary’s

All those associated with St Mary’s are encouraged to register on the Electoral Roll, and attend the Annual Parochial Church Meeting. In 2020, because of restrictions due to the Covid 19 pandemic, the APCM took place on zoom video conferencing on Thursday 15 October. There were 192 people on the new Church Electoral Roll prepared for the 2020 APCM. Jean Barclay serves as Electoral Roll Officer.

The PCC

The Parochial Church Council (PCC) is primarily responsible for working with the clergy to promote, within the parish and beyond, the mission of the Church: pastoral, evangelistic, social and ecumenical.

It manages the church’s finances, and is also responsible for the maintenance and management of the church building, associated buildings and churchyard (which are, in law, the property of the incumbent). It also owns two properties – 38 Airedale Road, and Flat 16, Gerrards Court (referred to below simply as “Gerrards Court”) – which are vested in the London Diocesan Fund.

When there is a vacancy, it works with the Bishop to secure the appointment of a new incumbent.

Some members of the church are members of the PCC by virtue of their office, or because they are members of other bodies, in accordance with Church Representation Rules. The remainder are elected at the Annual Parochial Church Meeting.

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In 2020, the PCC met three times in person, three times remotely (using zoom video conferencing) and transacted some business by email correspondence. The following served as members:

Ex-officio members:

Vicar The Revd Steve Paynter Assistant Vicar The Revd Wai Meng Chow (SSM) The Revd Alex Volossevich (SSM) Reader Emeritus Ian Goldsmid (to 2020) Commissioned Lay Minister Angela Barnfather Church Wardens Brian Everett, Jo Samols (from Aug 2020) Members of Deanery Synod Jean Place and Grant White (both re-elected 2020) Magdalene Lagu (to 2020), Wei Hei Kipling (from 2020)

Elected Members:

Holly Alliston Magdalene Lagu (from 2020) Tim Cheung (to 2020) Stephen Merrill Marijana Cranmer Ray Read (re-elected 2020) Steve Cripps Zanda Russell Cliff Gardiner (from 2020) Jo Samols (warden from Aug 2020) Chris Goldsmid (to 2020) Alison Shaw (from 2020) Charlie Hawes Antje Whitehurst (from 2020) Alex Johnson Wei Hei Kipling (to 2020)

The Vicar is Chair. Ray Read has been elected as Lay Vice Chair. Wei Hei Kipling was appointed PCC Secretary and Stephen Merrill as PCC Treasurer.

The PCC is a corporate body established by law; it operates under the Parochial Church Council Powers Measure 1956. The PCC is now registered with the Charity Commission, as required by the Charities Act 2006.

The PCC is required by law to appoint a PCC Standing Committee , which has power to transact its business between meetings, subject to any directions it may give. During 2020, the members of the Standing Committee were: Steve Paynter, Brian Everett, Wei Hei Kipling, Magdalene Lagu (from Oct 2020), Stephen Merrill, Ray Read and Jo Samols.

With the restrictions imposed by the Government due to the Covid 19 pandemic from March 2020, much of the practical organisation of the St Mary’s activities in between PCC meetings was co-ordinated by a staff team comprising the vicar (and clergy), the lay commissioned minister, the churchwarden(s), the administrator and assistant administrator and the PCC secretary.

Teams:

The detailed life of the church is overseen by a number of Teams, which are set up by and make recommendations to the PCC. During 2020 the Teams were as follows:

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OBJECTIVES and ACTIVITIES

St Mary’s PCC adopted a strapline in September 2017 and, further to adoption of that strapline, approved and adopted a new Mission Action Plan (MAP) in 2020 for the period 2020-2025 to help us to identify what God wants St Mary’s to do:

Our Vision at St. Mary’s is:

Love God, Serve People, Make Disciples.

We aspire to be a people:

St Mary’s PCC has approved the Ash Wednesday Declaration from Operation Noah “Climate change and the purposes of God: a call to the Church”.

The intention was for the PCC to plan and co-ordinate a structured programme of activities to put into practice and achieve the above goals and to communicate this to the congregation. However, the MAP was adopted on 16 March 2020 and the country went into lockdown because of the Covid 19 pandemic on 23 March 2020 so opportunities for in person activities have been limited.

ACHIEVEMENTS and PERFORMANCE

Communication and Social Interaction

The challenges of the Covid 19 pandemic became apparent in Ealing in March with the PCC on 16 March making decisions based on the effect of possible directives on church life. The government ordered a national lockdown on 23 March; for the rest of the year there were varying restrictions on social interaction depending on the effects of the pandemic in the country.

To mitigate the effects of the restrictions in the first lockdown when we were not allowed to attend church for public worship (and so would not see one another after the services) or meet as

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small groups, St Mary’s quickly put into effect a number of ways of enabling communication and social interaction:

Worship

Up to 16 March

The principal act of worship was at 10.30am each Sunday morning, and included each month a “Whole Church Communion” service (for all ages), Holy Communion (on one other Sunday), and two Morning Prayer services. The children and teenagers participated in a structured programme of activities appropriate to their age. St Mary’s allows children and young people who have not been confirmed but who have received appropriate preparation to receive communion. Prayer support was offered during many morning services. Musical worship was a combination of traditional hymns and more modern worship songs led by the music group or from the organ, piano, keyboard or recorded music as appropriate.

The Sunday evening service at 6.00pm served a smaller but regular congregation, and generally alternated between Services of the Word and Holy Communion.

From 22 March

From 22 March, public worship at St Mary’s has been constrained by restrictions relating to the Covid 19 pandemic. Congregational singing was not permitted in the church building at any time in the year. Depending on the format of the service and the restrictions in force at any time, musical worship might be offered by a small music group; worship pre-recorded by the music

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group and made available on the YouTube channel; or commercially available pre-recorded music. An email address and a phone number have been publicised for people wanting to make requests for prayer support. A Daily Hope free phone line offering hymns, prayers, and reflections 24 hours a day while church buildings were closed was set up by the Church of England and advertised at St Mary’s particularly for those who did not have access to the internet.

From 22 March to 5 July, the church building was closed for public worship and so the principal act of worship was a service available on the St Mary’s YouTube channel at the normal service time of 10.30am. The service was often livestreamed, either from the church building or from the vicarage; or occasionally pre-recorded. St Mary’s did not provide any online offerings for children and young people during this first lockdown.

Relaxation of the restrictions allowed the church building to be open for private prayer from midJune for two half-days each week. From 12 July to 1 November, to permit the social distancing required by government guidelines while not requiring people to book for services, St Mary’s offered two services of public worship in the church building: one at 9.30am for families (children staying in the service) and one at 11am for adults which was also livestreamed.

From 8 to 29 November, St Mary’s was closed for public worship and so offered two online acts of worship on our YouTube channel each Sunday: a pre-recorded Family Time for the 9.30am congregation and an adult service at 11am. The church building continued to be open for private prayer for two half-days each week.

From 6 December, St Mary’s was again able to offer two services of public worship in the church building: one at 9.30am for families (children staying in the service) and one at 11am for adults which was also livestreamed. A service of loss and mourning was held on 6 December at 3pm. On 20 December, in place of the 11am adult worship and the normal carol service, a Christmas Meditation with Music was offered at 4pm and livestreamed. Two crib services were offered on 24 December together with a midnight communion. To give families more time on Christmas morning, the Families Together service on Christmas Day was held at 10am with the adult service at the normal time of 11am. In view of the number of services offered over the Christmas period and with Christmas Day being on Friday, no services were offered on Sunday 27 December.

Grace

Grace held services every second Saturday in the month, exploring more contemporary forms of worship and reflection. From 22 March, Grace continued to provide a remote service once a month on the second Saturday of the month as well as gatherings at other times. One notable feature for them has been attendance by former members of Grace who have moved away from Ealing including those now living overseas.

Ourselves (see also Communication above)

Many people read the bible on their own. It is appreciated that many people may now prefer to access their Bible reading materials online. Some members of the congregation ordered bible study notes from Scripture Union and the Bible Reading Fellowship, through Steve and Debbie Merrill

Before lockdown, members of the congregation met together with three or four others in their homes (“prayer triplets”), and praying together on a regular basis while various home groups met for Bible study, prayer and support, including a group which met on Wednesday mornings at the Vicarage. Since lockdown, members have kept in touch with one another on the telephone, by zoom or meeting in pairs or small groups when this has been allowed.

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St Mary’s intended to host the Ealing Churches Winter Night Shelter on Mondays over and around Lent and to offer three Lent courses but this had to stop when lockdown started. From the start of lockdown to Easter, St Mary’s offered regular midweek talks on our YouTube channel. A Prayer Evening was offered on YouTube as part of the annual worldwide event “Thy Kingdom Come” between Ascension and Pentecost. Courses have been offered online: “Discipleship Explained” based on the Sermon on the Mount; “Bible Explained – 7 great journeys”; and “Adventures in Advent” based on “Not a Silent Night” reflecting on the experiences of the Virgin Mary.

After the Sunday morning and evening services, people are normally encouraged to stay and socialise with refreshments of tea, coffee and biscuits prepared and served by a number of different teams with volunteers of a wide range of ages. The Welcome Desk run by a team of volunteers, co-ordinated by Jennie Paynter, acted as a focal point on Sunday mornings for all enquiries, particularly from newcomers about St. Mary’s. From 22 March, it has not been possible to socialise with refreshments after services though, depending on restrictions, it has occasionally been possible to chat outside after services and groups have met to socialise on zoom.

We use Fairtrade tea and coffee for all church meetings, and have a centralised ordering system for Traidcraft products via Wei Hei Kipling.

Buildings

We continue to praise God for the successful completion of the Polygon refurbishment during 2019. Our joy has been tinged with sadness that because of the Covid 19 Pandemic our buildings have been closed for a large part of the year. Some very minor issues were identified at the end of the 12 month defects period for the Polygon works and these have now been rectified as are 12 months defects to the high level LED works in the main Church.

Regular planned servicing of plant and equipment has been satisfactorily completed throughout 2020 and minor maintenance works undertaken as and when necessary. As reported last year urgent repairs identified by the last Quinquennial Survey and Report were carried out during 2019. Further less urgent works identified in this report will, God willing, be undertaken during 2021.

The Church owns two residential properties in Airedale Road and Gerrards Court. These are let commercially, with new 12 month tenancy agreements granted to our existing tenants during 2020. Both these properties are managed by local professional managing agents and are fully compliant with all regulations and in good repair

Outreach

In addition to providing support for members of St Mary’s, the Buddy Scheme has had several requests for help during lockdown from vulnerable people in the community to which we have been able to respond. One request was to support the staff at Clayponds Hospital; we have been able to deliver regular gifts of food for staff to enjoy during their long shifts from generous donors within the church and the community including donations from Gail’s Bakery in Dickens Yard.

Babies and Toddlers Group, co-ordinated by Jan Saunders with a team of helpers, met on Tuesday mornings up to 17 March but has not been able to meet since then. Gilbert, who led the singing sessions (with Wei Hei) for the Babies and Toddler Group, has offered some 15 to 20mins online singing sessions for babies and toddlers in co-operation with Northfields Community Library.

Polygonian Friends, co-ordinated by Wayne Leighton with a team of helpers, met on Wednesday lunchtimes up to 18 March to provide opportunities for people of all ages to socialise over a light lunch (fresh food at a reasonable cost of £2) and a varied programme of events. They have not been able to meet since then though Wayne Leighton has been keeping in contact with many of the Polygonian Friends by telephone.

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Mission

St. Mary's is a "Missionary Church," showing real concern for the well- being of our local community, and the wider world through prayer, giving, and involvement.

Each month a different society is the focus of particular attention and prayer, and most are represented by a Mission Secretary from within our congregation. A mission notice board in the Polygon gives information about important aspects of mission. Speakers are invited to speak about mission and their particular society at St Mary’s from time to time.

The particular societies and people we support in this way are:

The church also continues to support:

Relationship with other local churches and organisations

As well as organisations overseas and the rest of the UK, St Mary’s is keen to support mission in Ealing, working with other churches and organisations, financially and / or with volunteers

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St Mary’s also works with a number of other local churches and organisations to make a contribution in the following areas of mutual concern though the opportunities for meetings to take place were very limited in 2020:

We are pleased to let space at a very low rental to Narcotics Anonymous and Ealing Transition Initiative; due to the nature of their activities; the implied subsidy we regard as part of the mission giving of the Church.

We normally join with other Churches, of many denominations, in a Walk of Witness on Good Friday but this was not possible in 2020 because of lockdown.

Other links with the local community

Hiring of the Church buildings and the Polygon, managed by Jean Barclay assisted by Ray Read, provides opportunities for outreach to our local community, as well as an income to help with maintenance costs.

As well as our usual groups we were able to hire the space to Groundwork Head 2 Work which is a skills training programme for young people, aged 18-24, living in Croydon, Sutton, Kingston, Merton or Richmond who are not currently in employment, education or training. They support young people to get on a career pathway that is right for them and help them feel empowered, to realise their potential and achieve their goals.

Hiring of the Church buildings and the Polygon has been severely restricted during lockdown in 2020. Between Lockdown 1 & 2 in November we were able to let a Gospel Choir record their concert to go out on You Tube, which should have taken place as a live event at Clonter Opera Theatre in Cheshire on Sat 5th December

The vicar is Governor at Grange Primary School.

The role of volunteers

The vicar is paid a stipend by the Diocese, to which the Church pays a full contribution. The other staff employed by the church (the church administrator, assistant administrator and cleaner) are paid from the Parish finances. All others contributing to the life of St Mary’s (including the assistant vicars (SSM), lay commissioned minister, Church wardens, Treasurer, PCC secretary, musicians and COSMOS leaders) are volunteers. A list of volunteer teams contributing to the life of St Mary’s is attached as Appendix 1.

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FINANCIAL REVIEW for 2020

Total income on ordinary unrestricted funds was £208,641 (2019 - £234,106), total expenditure was £200,804 (2019 - £246,026), profit on investment was £1,530 giving a net income of £9,368 (2019 – expenditure £8,414) for the year before transfers, and are detailed in the Financial Statements attached. After removing the effect of depreciation, which is a book keeping entry required by the Charities Act and does not involve the movement of funds, there was net income for the year of £12,344 (2019 – expenditure £5,438) on unrestricted funds. Regular giving has been very much as forecast at the beginning of the year. Two one off gifts totalling £15,000 plus reduction in expenditure during Lockdown 1.0 and 2.0 has largely balanced out the loss of income from hiring out church and polygon. Unrestricted income was much lower than the previous year as we had largely financed the Polygon refurbishment (including the amounts pledged over five years).

Both 16 Gerrards Court and 38 Airedale Road were let for the whole of 2020.

Units in the CBF Investment Fund have been held as investment assets for many years. There was no change in the number of Units held but due to market conditions this has increased in value by £1,530 to £23,785 at the end of the year.

The main restricted fund relates to the Polygon refurbishment that had been successfully carried out during 2019 and early 2020, following the November 2018 Gift Day. We had a deficit on this fund at the start of the year of £80,850; a further £65,348 was received during the year; and there were final expenses, including retentions, of £45,353, leaving a deficit at the end of 2020 on this fund of £60,855. There are no further expenses, and further pledged giving of £50,531 (including gift aid) to be received over the remaining three years of people’s pledges. This will leave an expected closing deficit on this major project at £10,324 (about 2% of the project total).

The other restricted funds are the Vicar’s Discretionary Fund, and the Mission Fund, which are all carrying forward undistributed funds for future projects. Mission societies are supported by direct allocation by donors of part of their stewardship scheme giving. In addition there was £3,896 available for allocation by the PCC on the recommendation of the Mission Support Committee.

The need for realisable reserves to cover the costs of any emergency building works has been recognised, and the PCC has expressed the view that £75,000 should be retained in the General Fund reserves. At the end of 2020 the realisable general reserves carried forward were £122,869. Future amounts received from the Polygon pledges will increase this figure going forward.

The 2021 budget shows a deficit of £12,587 before depreciation, which is after £3,500 of contingencies, and before any increase in rental income from the Polygon (from both a full year of availability in 2020, and increases in hiring fees from April 2020). Again this deficit is on unrestricted funds, there will be an expected surplus on restricted funds from the Polygon pledges.

RISK STATEMENT

St Mary’s has complied with our 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). In accordance with the recommendation of the Diocese of London, the PCC has adopted the PCC Safeguarding Policy Statement with Marijana Cranmer as Children’s Champion and Tanya Richards as Church Safeguarding Officer (including responsibility for vulnerable adults and for Disclosure and Barring Service checks). By complying with best practice, the risks of unsuitable people being involved with children are minimised. The hiring agreement for organisations using our buildings includes a requirement for those organisations that work with children to abide by the PCC Safeguarding Policy.

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The incumbent and PCC member Charlie Hawes are responsible for data protection at St Mary’s and our compliance with the requirements of the General Data Protection Regulations 2018. The PCC has Parishguard insurance cover with Ecclesiastical Insurance.

The major risks to which the PCC is exposed, as identified by the PCC, have been reviewed and systems have been established to mitigate those risks. Those risks are reviewed on a periodic basis. A Health and Safety Policy was approved by the PCC in December 2018 with a Health and Safety Group reporting to the PCC on a six-monthly basis, with a recommendation for a full review in March 2023. When concerns about Covid 19 were raised in March 2020, a contingency plan was prepared. Risk assessments relating to public worship and other activities during the restrictions were prepared by the churchwarden(s) with approval by the PCC Standing Committee formally delegated from the PCC in September 2020.

Appendix 1

Teams of Volunteers contributing to the life of St Mary’s

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PAROCHIAL CHURCH COUNCIL OF ST MARY'S CHURCH, EALING

Statement of Financial Activities

For the year ended 31 December 2020

Notes
Income and endowments from
Donations and legacies
2a
Other trading activities
2b
Investments
2c
Charitable activities
2d
Other income
2e
Total income and endowments
Expenditure on
Raising funds
3a
Charitable activities
3b
Total expenditure
Gains/(losses) on investment assets
6
Net income/(expenditure)
Transfers between funds
Net incoming/(outgoing) resources after transfers
Other recognised gains/losses
Gains/(losses) on revaluation of fixed assets
6
Net movement in funds
Total funds brought forward at 1 January 2020
Total funds carried forward at 31 December 2020		 TOTAL
TOTAL
Unrestricted
Restricted
FUNDS
FUNDS
Funds
Funds
2020
2019
£
£
£
£
148,833
85,466
234,298
221,984
17,080
17,080
42,801
39,310
2
39,312
38,978
3,418
-
3,418
9,513
-
8,119
8,119
95,403
208,641
93,587
302,227
408,679
4,061
-
4,061
5,729
196,743
73,781
270,524
762,190
200,804
73,781
274,585
767,919
1,530
-
1,530
3,507
9,368
19,805
29,173
(355,734)
-
-
9,368
19,805
29,173
(355,734)
(10,000)
-
(10,000)
16,240
(632)
19,805
19,173
(339,494)
1,376,083
(79,675)
1,296,408
1,635,901
1,375,451
(59,870)
1,315,580
1,296,408

Page 1

Notes 2020 2019
£ £
FIXED ASSETS
Church Owned Properties
38 Airedale Road 775,000
16 Gerrards Court 400,000
Assets for Church Use
Pew Benches 18,000
Electronic Organ
Sound System
Liturgical Furniture
Video System & Screens
Hassocks
Tangible fixed assets 1,192,712 1,205,688
lhvesl:ments 23,785 22,255
TOTAL FIXED ASSETS 1,216,497 1,227,943
Current assets
Debtors and prepayments 8 -37,020
CBF Deposit Fund 5'000
Cash at bank and in hand 116,718
158,738 117,539
Creditors: amounts falling due within one year 9 (59,654) (49,073)
Net current assets 99,084 68,465
NET ASSETS 1,315,581 1,296,408
FUNDS
Restricted fu nds (59,870) (79,675)
unrestricted funds 1,375,451 1,376,083
1,315,581 1,296,408

PAROCHIAL CHURCH COUNCIL OF ST MARY'S CHURCH, EALING

Notes to the Financial Statements for the year ended 31 December 2020

Note 1- Accounting policies

1a Accounting convention

The financial statements have been prepared in accordance with 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 1 January 2015) - Charities SORP (FRS 102) as amended by Update Bulletin 1, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2015. The accounts (financial statements) have been prepared to give a 'true and fair' view. This departure has involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. As St Mary's is a small charity under Charities SORP (FRS 102) as amended by Update Bulletin 1 we have not prepared a cash flow statement.

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

1b Funds accounting

Funds held by the PCC are:

Unrestricted funds - general funds which can be used for PCC ordinary purposes

Restricted funds - a) income from trusts or endowments which may be expended only on those restricted objects provided in the terms of the trust or bequest; b) donations or grants received for a specific object or invited by the PCC for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of the year is carried forward as a balance on that fund.

1c Incoming resources

All incoming resources are accounted for gross.

Voluntary Income

Collections are recognised when received. Planned giving receivable is recognised only when received. Income tax recoverable on Gift Aid donations is recognised when the income is recognised. Grants and legacies are recognised when the PCC is legally entitled to the amount due.

Income from investments

Dividends are accounted for when due and payable. Interest entitlements are accounted for as they accrue.

All other income

All other income is recognised when it is receivable.

Gains and losses on investments

Realised gains are recognised when the investments are sold. Unrealised gains and losses are accounted for on revaluation on 31 December.

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PAROCHIAL CHURCH COUNCIL OF ST MARY'S CHURCH, EALING

Notes to the Financial Statements for the year ended 31 December 2020

1d Resources used

Resources expended are accounted for on an accruals basis and are accounted for gross.

Grants

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

Church Activities

The diocesan parish contribution is accounted for when paid. Any parish contribution 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.

Liabilities

Liabilities are recognised as soon as the legal or constructive obligation arises.

1e Fixed Assets

Tangible fixed assets

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

Movable church furnishing held by the Vicar and Churchwardens on special trust for the PCC and which require a faculty for disposal, are accounted for as inalienable property unless consecrated. They are listed in the church's inventory which can be inspected. For inalienable property acquired prior to 2002 there is insufficient cost information available and therefore such assets are not valued in the accounts. Individual items acquired since 2002 have been capitalised in the accounts and depreciated over their useful economic life (see note (d) ).

All expenditure on consecrated or beneficed buildings and individual items costing under £5000 are written off in the year they were incurred.

Depreciation

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

Pew Benches & Liturgical Furniture Electronic Organ, Screens, Sound & Video System, Hassocks

4% straight line 10% straight line

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

Investments

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

1f 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 uncollectible.

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

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PAROCHIAL CHURCH COUNCIL OF ST MARY'S CHURCH, EALING

Notes to the Financial Statements for the year ended 31 December 2020

Note 2 - Income and endowments
2a
Donations and legacies
Planned giving
Gift Aid donations
Tax recoverable
Other Giving
Collections at services plus tax recoverable
Special collections plus tax recoverable
Sundry donations plus tax recoverable
Legacies
2b
Other trading activities
Church lettings
Church hall lettings
Fundraising events
2c
Income from investments
Dividends (CBF Investment Fund)
Interest (Bank and other)
Rental income from 38 Airedale Road
Rental income from 16 Gerrards Court
2d
Income from Charitable activities
Fees from weddings etc
Bookstall and ancilliary trading
2e
Other income
Insurance claims
Grants
Grant - listed places of worship
Other Grants
Total income and endowments		 TOTAL
TOTAL
Unrestricted
Restricted
FUNDS
FUNDS
Funds
Funds
2020
2019
£
£
£
£
103,868
52,204
156,071
150,343
29,481
13,038
42,520
41,323
12,377
16,122
28,499
21,201
1,460
1,460
3,264
1,648
4,101
5,749
5,853
-
-
148,833
85,466
234,299
221,984
6,248
6,248
13,846
10,832
10,832
28,954
17,080
-
17,080
42,801
666
666
647
44
2
45
306
21,800
21,800
21,225
16,800
16,800
16,800
39,310
2
39,312
38,978
2,516
2,516
5,775
902
902
3,738
3,418
-
3,418
9,513
-
-
-
-
-
-
10,000
8,119
8,119
85,403
-
-
-
-
-
8,119
8,119
95,403
208,641
93,587
302,228
408,679

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PAROCHIAL CHURCH COUNCIL OF ST MARY'S CHURCH, EALING

Notes to the Financial Statements for the year ended 31 December 2020 (Cont'd)

Note 3 - Expenditure
3a
Expenditure on Raising Funds
Stewardship costs
Bookstall and ancilliary trading
Estate agent's letting costs
Refurbishment 16 Gerrards Court
Other letting costs
3b
Expenditure on Charitable activities
Missionary and charitable giving:
Overseas: Missionary societies
Relief and development agencies
Home missions and other church societies
Ministry costs:
Diocesan parish contribution
Other clergy costs
Community outreach costs
Upkeep/refurbishment of properties
Insurance
Church running expenses
Church maintenance
Fees out
Upkeep of services
Upkeep of churchyard
Support costs - parish training
Support costs - education
Church hall running costs & repairs
Church hall refurbishment
Away Days & Christian Festivals
Lay Staff salaries
Printing, postage & stationery
Telephone
Website & computer costs
Independent Examination fee
Bank charges
Church lighting
Depreciation of fixed assets
Total expenditure		 TOTAL
TOTAL
Unrestricted
Restricted
FUNDS
FUNDS
Funds
Funds
2020
2019
£
£
£
£
-
-
587
-
587
2,306
3,474
-
3,474
3,422
-
-
4,061
4,061
5,729
-
11,824
11,824
18,057
100
5,061
5,161
5,095
-
11,543
11,543
4,423
93,720
-
93,720
91,106
1,583
-
1,583
2,365
-
-
12,472
-
12,472
3,782
6,933
-
6,933
6,854
3,099
-
3,099
7,394
23,284
-
23,284
22,434
879
-
879
2,461
3,216
-
3,216
1,978
980
980
615
-
50
-
1,040
-
1,040
3,248
45,295
45,295
494,230
3,228
39,683
-
39,683
44,474
3,412
-
3,412
3,825
736
-
736
690
518
-
518
580
-
352
58
410
439
1,760
1,760
41,887
2,976
2,976
2,976
196,743
73,781
270,524
762,190
200,804
73,781
274,585
767,919

Page 6

PAROCHIAL CHURCH COUNCIL OF ST MARY'S CHURCH, EALING

Notes to the Financial Statements for the year ended 31 December 2020 (Cont'd)

Note 4 - Staff Costs
4a Wages and salaries
Social security costs
Pension costs		 2020
2019
£
£
36,006
40,237
2,891
3,488
786
749
39,683
44,474

4b Payments to PCC members

A member of the PCC is employed as the assistant administrator, but has not since his employment been involved in PCC discussions about salaries of church employees.

Note 5 - Tangible Fixed Assets
Cost or valuation
At 1 January 2020
Additions
Disposals
Revaluation
At 31 December 2020
Depreciation
At 1 January 2020
Provided in the year
Disposals
At 31 December 2020
Net book amounts
At 31 December 2020
At 31 December 2019		 Church owned
Church
Properties
equipment
£
£
1,175,000
211,318
-
-
-
-
(10,000)
-
1,165,000
211,318
-
180,630
-
2,976
-
-
-
183,606
1,165,000
27,712
1,175,000
30,688		 TOTAL
£
1,386,318
-
-
(10,000)
1,376,318
180,630
2,976
183,606
1,192,712
1,205,688

The freehold land and buildings comprise a freehold house in Airedale Road and a leasehold flat in Gerrards Court (approximate valuation by estate agent without viewing as at 31/12/20)

Note 6 - Investments

CBF Investment Fund - Market value 1 January 2020
Disposals at carrying value
Purchases at cost
Net (Loss)/Gain on revaluation
Market value 31 December 2020		 £
22,255
-
-
1,530
23,785

Page 7

PAROCHIAL CHURCH COUNCIL OF ST MARY'S CHURCH, EALING

Notes to the Financial Statements for the year ended 31 December 2020 (Cont'd)

Note 7 - Analysis of Net assets by fund

Note 7 - Analysis of Net assets by fund
Unrestricted Restricted Total Funds
Funds Funds 2020
£ £ £
Fixed assets for church use 1,192,712 1,192,712
Investment fixed assets 23,785 23,785
Current assets 190,306 (31,568) 158,738 0
Current liabilities (31,352) (28,302) (59,655)
1,375,451 (59,870) 1,315,581
Note 8 - Debtors
2020 2019
£ £
Income tax recoverable
Prepayments and accrued income 37,020 36,274
Other debtors - -
37,020 36,274
Note 9 - Creditors: amounts falling due within one year
2020 2019
£ £
Accruals and deferred income 21,351 4,265
Loan re Polygon 10,000 20,000
Mission Fund 28,302 24,808
59,654 49,073

The loan is repayable to a member of the congregation. The loan is interest -free, and has no fixed repayment dat

Note 10 - Statement of funds

Unrestricted Fund
General fund
Restricted Fund
Mission
Vicar's Discretionary
Churchyard Restoration
Church Hall Refurbishment
St Marys Night Shelter
Other Restricted
Total funds		 Bal b/fwd
Income
Expenditure
Transfers,
Bal c/fwd
1 Jan 2020
other gains
31 Dec 2020
and losses
£
£
£
£
£
1,376,083
210,172
(200,804)
(10,000)
1,375,451
1,376,083
210,172
(200,804)
(10,000)
1,375,451
818
28,050
(28,060)
807
88
-
-
88
(80,850)
65,348
(45,353)
(60,855)
29
(179)
-
(150)
240
189
(189)
-
240
(79,676)
93,587
(73,781)
(59,870)
1,296,407
303,758
(274,585)
(10,000)
1,315,581

Page 8

PAROCHIAL CHURCH COUNCIL OF ST MARY'S CHURCH, EALING Notes to the Financial Statements for the year ended 31 December 2020 (Cont'd) Note 11 - Donations to Outside Causes (Mission Fund) 2019

2019
£
646
357
1,009
3,012
2,246
2,343
2,754
60
1,235
2,198
2,936
18,796
600
1,200
1,200
50
50
50
50
200
3,400
1,200
500
422
425
500
400
3,447
1,000
150
120
250
163
250
1932
27,576		 CHURCH SUPPORTED
A Rocha
Bible Society
Christian Aid
CAP Ealing
Church Army
CMS (Church Mission Society)
Interserve
SAT-7
OMF (Overseas Missionary Fellowship)
Neema Crafts, CMS
Prison Fellowship
Tearfund
PCC ALLOCATED PAYMENTS Mission
Gifts to Linked Mission Partners
Mission Partner Support, Interserve
Neema Crafts, CMS
CPAS
Scripture Union
IFES
Angola Theological Training
Barnabas
SAT 7
PCC ALLOCATED PAYMENTS re Ealing Mission
St John's Southall English classes for immigrant women
City Harvest
Besom (Ealing)
CAP (Ealing)
Oxford Kilburn OK Club
Gillian Goodwin Kampala Project
SPECIAL EVENTS AND COLLECTIONS
Childrens' stewardship Toilet twinning TEARfund
Hand to Hand Food Packing
Children's Society
City Harvest
Neema crafts (Masks)
Church Army
Street Pastors (Ealing)
Prison Fellowship Angel Tree
St Mary's Night Shelter		 £
£
685
490
1,315
313
2,990
2,251
2,271
2,678
60
2,758
3,346
19,156
600
1,200
1,200
50
100
100
100
100
445
3,896
800
1,000
1,514
600
3,914
111
78
549
547
179
1,464
28,429
2020		 £
£
685
490
1,315
313
2,990
2,251
2,271
2,678
60
2,758
3,346
19,156
600
1,200
1,200
50
100
100
100
100
445
3,896
800
1,000
1,514
600
3,914
111
78
549
547
179
1,464
28,429
2020
28,429

0

Page 9