2020-12-31-accounts

		CONTENTS
			Page
Annual report			1-7
Statement offinancial	activities
Balance sheet
Notes to the accounts			10-17
Report ofthe independent		examiner

Incumbent:	The Revd David Wallis	Chairman
Reader:	Mrs Colycen Blanchard
Church wardens	Mr Tony Blanchard
	Mr Paul Charman
	Mrs Tessa Haughton	Safeguarding		Officer
	Dr Keith Hine
	Mr Stephen Ulph
	Mr Michael Sewell	Deputy	Churchwarden
Elected Members:	Mrs Margaret Bovill	Secretary
	Mr Simon Davey
	Mrs Katherine Grant
	Mrs Sherrian Guest
	Mr Simon James	Deanery	Synod
	Sir Mark Moody-Stuait	Treasurer
	Mrs Virginia De La Pole
	Dr Robert Sansom
	Mrs Susan Sewell	Bookkeeper
	Mrs Rachel Williamson

				NOTES	2020	2020	2020	2020	2019
					Unrestricted	Restricted	Endowment	Totals	Totals
					Funds	Funds	Funds		Restated
INCOMING RESOURCES					f	f	f	f	f
Voluntary income				2a	82,777	45,975		128,752	100,721
Activities for generating funds				2b	1,386			1,386	4,312
Income from investments				2c	870	6,657		7,527	7,549
Church activities				2d	12,311			12,311	14,777
Other incoming resources				2e	10,257			10,257	12,918
Total incoming resources					107,601	52,632	0	160,233	140,277
RESOURCES EXPENDED
Raising funds				3a	736			736	1,246
Church activities				3b	147,526	24,332		171,858	185,597
Total resources expended					148,262	24,332	0	172,594	186,843
NET INCOMING/ (OUTGOING) RESOURCES					(40,661)	28,300	0	(12,361)	(46,566)
BEFORE TRANSFERS
GROSS TRANSFERS BETWEEN		FUNDS			15,980	(15,980)
NET INCOMING/ (OUTGOING) RESOURCES					(24,681)	12,320	0	(12,361)	(46,566)
BEFORE OTHER RECOGNISED		GAINS/(LOSSES)
Gains/(losses) on revaluation		of fixed assets		7	46,537	11,128	15,575	73,240	89,058
Gains/(losses) on disposal of		fixed assets
NET MOVEMENT IN FUNDS					21,856	23,448	15,575	60,879	42,492
Fund balances brought forward		at 1 January	2020		258,004	163,653	114,176	535,833	493,341
Fund balances carried forward	at 31 December 2020				279,860	187,101	129,751	596,712	535,833

		NOTES	2020	2019
FIXEDASSETS
Tangible Fixed Assets
Investments			519,348	476,108
Total fixed	assets		519,348	476,108
CURRENT	ASSETS
Debtors			2,114	11,503
Short term	deposits		69,747	42,931
Cash			17,995	12,104
			89,856	66,538
CURRENT	LIABILITIES
Creditors falling due in &1year		10	(12,492)	(6,813)
NET CURRENT ASSETS			77,364	59,725
TOTAL ASSETS LESSCURRENT LIABILITIES			596,712	535,833
NET ASSETS			596,712	535,833
FUNDS
Endowment	funds	11	129,751	114,176
Restricted funds		11	187,101	163,653
Unrestricted	funds	11	279,860	258,004
			596,712	535,833

	2	Income resources
							TOTAL	TOTAL
				Unrestricted	Restricted	Fndovvment	FUNDS	FUNDS
				Funds	Funds	Funds	2020	2019
a		Iroiuntaty income
		Planned giving		60,550			60,550	54,495
		Unplanned giving		12,140			12,140	18,528
		Collections at all other services		2,106			2,106	4,515
		Special appeals income			12,696		12,696
		Income tax recoverable		7,981	3,161		11,142	17,402
		Grants			30,118		30,118	4,781
		Legacies						I,000
				82,777	45,975		128,752	100,721
		Activities for generatingfttnds
		Fetes, bazaars and	other fund-
		ralslng events		l,386			1,386	4,312
				1,386			1,386	4,312
c		Investment income
		Dividends and interest		870	6,657		7,527	7,549
				870	6,657		7,527	7,549
d		Ineotne fi om Church Activities
		Hire ofLmmanuel	Centre	1,409			1,409	2,135
		Youth Club
		I'ees from Weddings k. Funerals		10,902			10,902	12,642
		Book sales
				12,311			12,311	14,777
e		Other incoming resottrces
		Sund&p income		10,257			10„257	12918
		Insurance claims
				10,257			10.257	12918
		Total incoming resources		107.,601	52,632		160,233	140,277

	3 Resources expended
							TOTAL	TOTAL
				Unrestricted	Restricted	Endowment	FUNDS	FUNDS
				Funds	Funds	Funds	2020	2019
a	Raising Funds
	Fund Raising Events costs			736			736	1,246
	Bookstall
				736			736	1,246
b	Church Activities
	Missionary and charitable		giving:
	Missionary Societies
	Relief &Development
	Secular Charities							2,766
	Home:
	Home Mission
								2,766
	Ministry costs:
	Diocesan parish contribution			74,035			74,035	70,445
	Other clergy costs			5,908			5,908	6,821
	Church running expenses			10,478			10,478	13,682
	Church maintenance			4,777	1,344		6,121	27,981
	Upkeep ofservices			9,728			9)728	12,432
	Upkeep ofchurchyard			8,695	4,740		13,435	8,612
	Printing costs							458
	Flail hire/barn running	costs						0
	Emmanuel Centre running		costs	1,724			1,724	10,289
	Youth Work			25,029			25,029	25,665
	Toddler Group							168
	Major repairs/restoration			1,038	18248		19,286	1,485
	Administration, stationery		etc.	4,854			4,854	6,503
	Independent examination		fee	1,260			1,260	1,260
				147,526	24,332		171,858	185,597
	Total resources expended			148,262	24,332		172,594	186,843

Staff co	sts
			2020	2019
Wages	and salaries		24,417	26,227
Pension	costs		1,400	1,389
			25,817	27,616
Average	employee	numbers

				Unrestricted		Restricted	Endowment	Total
				Funds		Funds	Funds	2020
Grant towards	Youth	Worker		2,500		(2,500)
Gove&Tunent furlough		grant		8,365		(8,365)
Grant towards	war graves				15	(15)
Grants towards	churchyard		upkeep	5,	100	(5,100)
Total				15,980		(15,980)
Support costs
				Support		Governance	2020	2019
				costs		costs
				E.
Independent	examination					1,260	1,260	1,260
fees
						1,260	1,260	1,260
Analysed between:
Charitable activities						1,260	1,260	1,260

7	Investments
			lJnrestricted	Restricted	Endowment	Total
			Funds	Funds	Funds
	Market value	1 January 2020	2]8,623	143,309	1]4,176	476,108
	Purchases at	cost
	Disposal proceeds		(30,000)			(30,000)
	Revaluation	ofinvestments	46,537	11,128	15,575	73,240
	Market value 31 December 2020		235,160	154,437	129,751	519,348

8	Analysis	ofNet assets by fund	ofNet assets by fund
				Unrestricted	Restricted	Endowment	Total Funds
				F1.1ncls	Funds	Funds	2020
	Investment fixed assets			235,160	]54,437	129,751	519,348
	Cash and deposits			45,718	42,024		87,742
	Debtors			2,064	50		2,114
	Current	liabilities		(3,082)	(9,410)		(12,492)
				279,860	187,]01	129,751	596,712
9	Debtors
					2020	20]9
	Incollle	tax recoverable			1,502	]0,209
	VAT recoverable
	Other debtors				612	],294
					2,114	11,503
10	Creditors: amounts		falling due within	one year
					2020	2019
	Deferred	income
	Other creditors and		accruals		12,492	6,813
					12,492	6,813

11	Statements offunds
			Bal b/fwd	Income	Expenditure	Transfers	Gains	/	Bal c/fwd
			0]-Jan-20				(losses)		31-Dec-20
	Unrestricted Fund
	General Fund		S5,367	107,580	(148,262)	15,980	46,537		77,202
	Designated
	Audrey Day		43,346						43,346
	Streat Barn Mission	Fund	154,414						154,414
	Works		4,877	21					4,898
	Total Unrestricted		258,004	107,601	(148,262)	15,980	46,537		279,860
	Restricted Fund
	Ab'gavenny Proj lnvst		32,353				3,230		35,583
	Chancel Trust Deposit		6,836	380					7,216
	Flower Guild		1,150						1,150
	Choir stalls		500						500
	Turner Dumbrel1		3,606	6,000		(4,900)			4,706
	Friends ofSt Margaret's		0	13,038	(8,838)				4,200
	Other. restricted income		0	11,080		(11,080)			0
	Swan Perkins Trust	Investment	110,956				7,898		118,854
	Swan Perkins Trust	Deposit	3,255	3348					6,603
	Mabel Baines Deposit		25						25
	Lambert 2 Trust Deposit		3,635	2,929					6,564
	Clock Fund		1030	9,105	(9,626)				509
	Memorial Book		307						307
	Westmeston Church	path		6,752	(5,868)				884
			163,6S3	52,632	(24,332)	(15,980)	11,128		187,101
	Endowment Fund
	M 13aines 'I'rust		22,984				1,580		24,564
	Lambert 1 Trust		11,885					817	12,702
	Lambert 2 Trust		78,588				13,141		91,729
	W H Fitzhugh Trust		395					25	420
	Scarfe Trust		324					12	336
			114,176				15,575		129,751