2020-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of Leatherhead

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				Unrestricted	Designated	Restricted	Tote I	Total
			Notes	Fuiicis	Funds	Funds	2020	2019
INCOME AND ENDOWMENTS				E	6	6	6	6
Donations and legaaes			5a	76,709		160,328	237,037	363,330
Charitable activities			50	1,576			1,576	8,157
Other trading activities			5c	44,602			44,602	52,654
investments			56	46		4,891	4,937	8,252
TOTAL INCOME				122,933	0	~268 219	~288 152	432,393
EXPENDITURE
Chantable activities			6a	4,105	0	9,264	13,369	9,105
Other expenditure			6b	161,340	0	456,924	618,264	803,376
Raismg funds			6c	1,185	0	0	1,185	2,866
TOTAL EXPENDITURE				166,630	0	466,188	632,818	815,347
NET INCOME/(EXPENDITURE)				(43,697)	0	(300,969)	(344,666)	(382,954)
NET GAINS/(LOSSES)	ON INVESTMENTS
Other fixed investments					0	76,131	76,131	29,032
NET INCOME/(EXPENDITURE)		AFTER NET
GAINS/(LOSSES) ON INVESTMENTS				(43,697)	0	(224,838)	(268,535)	(353,922)
TRANSFERS BETWEEN	FUNDS				0	0
NET MOVEMENT IN FUNDS				(43,697)	0	(224,838)	(268,535)	(353,922)
RESERVES BROUGHT FORWARD AT
I IANUARY 2020				39,340	0	768,436	807,776	1,161,698
RESERVES CARRIED FORWARD		AT
31DECEMBER 2020				~4357	0	543 598	539241	807 776

BALANCE SHEET As at 31December 2020
	Notes	Unrestricted Funds	Designated Funds	Restricted Fuiicis	Total 2020	Total 2019
		E	6	6	6	E
FIXED ASSETS
Fixed asset mvestments
investment property				375,000	375,000	305,000
Other mvestment assets				132,618	132,618	186,487
			0	507,618	507,618	491,487
CURRENT ASSETS
Stock		381		0	381	1,050
Debtors		19,953		77,106	97,059	24,984
Short term deposits		0		19,608	19,608	19,525
Cash at bank and m hand		15,316		34,405	49,721	348,988
		35,650	0	131,.19	166,769	394,547
LIABILITIEEa AMOUNTS
FALLING DUE WITHIN ONE
YEAR		40,007	0	5,139	45,146	28,258
NET CURRENT ASSETS		(4,357)	0	125,980	121,623	366,289
LIABILITIES: AMOUNTS
FALLING DUE AFTER MORE THAN
ONE YEAR			0	90,000	90,000	50,000
NET ASSETS		4 357	0	~543598	~539241	~807 776
FUNDS
INCOME FUNDS
General unrestricted funds	11	(4,357)	0	0	(4,357)	39,340
Designated unrestricted funds	11	0	0	0	0	0
Restricted income funds	10611	0	0	543,598	543,598	768,436
		4 357	0	~543 598	~539241	~807 776

a)	Accounting «onventlon	Accounting «onventlon	Accounting «onventlon	Accounting «onventlon	Accounting «onventlon	Accounting «onventlon
	The finanoal statements have been prepared in accordance with 'Accounting and Reporting by Chanties: Statement of Recommended Practice apphcable to chanties preparing their accounts in accordance with the Fmanclal Reporting Standard appbcable in the UK and Republic of Ireland (FRS 102) (Second Edition)' and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Chanties Act 2011 and UK Generally Accepted Practice as it applies from I )anuary 2013.
	The fmanoal statements have been prepared to give a 'true and fair' view and have departed from the Chanties (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair view'. This departure has involved fogowmg 'Accounting and Reportmg by Chanties: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Flnanoal Reporting Standard applicable In the UK and Republic of ireland (FRS 102) (Second Edition)'rather than the Accounting and Reporting by Charities. Statement of Recommended practice effective from I Apnl 2005 which has since been withdrawn.
b)	Definitions used in this		section:			"SoFA"means the Statement of Finanoal Affairs/ Finanoal Statements
						"PCC"means the Parochial Church Counol of the Ecclesiastical Pansh of Leatherhead
c)	Incoming Resources
	Recognition of Income					These are mcluded in the SoFA when the pCC becomes entitled to the resources and the PCC view
						the receipt the resources as probable and the monetary value can be measured with sufficient
						reliability.
	Income with related expenditure					Where mcomlng resources are deemed the property of the PCC and have related expenditure (as with fund raising or contract in«orna) the incoming resources and related expenditure, unless otherwise stated, are each reported gross in the SoFA, However, where there is a flow through of'
						funds, e.g. where funds are raised for a third party and then fully paid out to that third-party
						then neither the income (which is not the property of the PCC) nor the expenditure are relic«ted ln the SoFA.
	Grants and donations					Grants and donations are only mcluded within the SoFA when the PCC has unconditional
						entitlement to such resources.
	Legaaes					Legaaes are recognised when the PCC is notiFied of its legal entitlement fogowmg grant of
						probate and is notified of the amount due and the settlement date.
	Tax reclaims on donations		and		gifts	incoming resources from tax reclaims are included in the SoFA at the same time as the gift to
						which they relate.
	investment income					Investment income is included in the financial statements when receivable.
	investment gams and losses					This mcludes any gain or loss on the sale of investments or any gain or loss resultmg from
						revalumg investments to market value at the year end.
d)	Expenditure and Liabilities			Recognition
	Liabihties recogmtion					Liabihties are recogmsed as soon as there is a legal or constructive obligation committing the PCC
						to pay out resources.
	Grants payable without	performance				These are only recogmsed in the SoFA when a commitment has been made and there are no
	«04dIt I0it5					conditions to be met relating to the grant which remain in the control of the PCC.
	Irrecoverable VAT					Hon recoverable VAT is attributed to the relevant expense.
	Costs of generating funds					Costs of generating funds are fund raising and publicity
	Chantable activities					Chantable activities are expenditure on the mission.
	Governance costs					Governance costs include legal and other professional fees.
	SuppaH costs					Support costs are the costs of Church management and admmistration. Ag such costs have been
						allocated to activities directly relating to the work of the Church.
e)	Financial instruments					The PCC only has hnanoal assets and finanaal liabihties of a kmd that qualify as basic instruments. Basic finanoal mstruments are initially recogmsed at transaction value and subsequently measured
						at their settlement value.

NO for	TES TO THE FINANCIAL STAT the year ended 31December	TES TO THE FINANCIAL STAT the year ended 31December	TES TO THE FINANCIAL STAT the year ended 31December	EMENTS 2020
5	INCOME AND ENDOWMENTS					Unrestricted	Designated	Restricted	Total	Tots I
						FundsI	Funds E	Funds	2020 E	2019 6
5a	Donations and legacies
	Planned giving - Gift Aid					52,440		135,840	188,280	235,051
	Income tax recoverable on Other planned giving Non covenanted collections Sundry donations includmg	GiR Aid (open plate) at ag gift aid			sennces	4,829 11,322 3,646 3,126		13,744 34 0 10,710	18,573 11,356 3,646 13,836	26,556 68,171 5,048 18,498
	Legacies					1,346		0	1,346	10,006
						76,709	0	~160328	237,037	363,330
5b	Charitable activities
	Fund raising events					1,576		0	1,576	8, 157
						~1576		0	1,576	8,157
5c	Other trading activities
	Magazines					0			0	0
	Church Hall lettmgs etc. Rent and related utihty costs		-	Ag Saints Hall		23,062			23,062	32,220
	- Youth Prolect Fees: P.C.C					12,500 3,245			12,500 3,245	12,500 3,237
	Churchyard					1,949			1,949	2,190
	Diocese					3,846			3,846	2,507
						44,602	0	0	~44 602	52 654
5d	Investments
	Dividends and mterest including			any reclaimed	tax	46	0	4,891	4,937	8,252
						46	0	4,891	4937	~8252
	TOTAL INCOME AND ENDOWMENTS					~122933	0	~165219	~288 152	~432 393

for	the year ended	the year ended	the year ended	the year ended	31Dece	mber	2020
6	EXPENDITURE													Unrestricted	Designated	Restricted	Total	Total
														F art ciaI	Funds E	FundsI	2020 6	2019I
6a	Charitable			activities
	Missionary		and		chantable	givmg church			overseas			(Note 4)		0		0	0	1,000
	Home mission/other church soaeties							(Note 4)						4,105		9,264	13,369	8,105
	Traming	grants			and books									0		0	0	0
														4,105	0	9,264	13,369	9,105
6b	Other expenditure
	Mliilstiy:				Pansh Share									76,389		0	76,389	80,987
					Clergy expenses (Rector)									1,225		0	1,225	2,663
					Other clergy		costs							66		0	66	173
					Locums									45		0	45	165
					Children's Church									0		27,371	27,371	27,681
					Diocese	fees								3,700		0	3,700	2,507
	Church.				Running,	repair and		maintenance				expenses		15,460		0	15,460	13,418
					Bells/Organ		repairs	and		maintenance				0		0	0	400
					Making	History: Church				redevelopment				0		429,440	429,440	460,667
	General:				Magazme and bookstall									0		0	0	0
					Salanes	and	honoraria
					Youth work		(LYP)							8,395		0	8,395	8,395
					Other									17,069		0	17,069	16,524
					Upkeep	of churchyard								9,920		0	9,920	8,655
					Upkeep	of services								1,743		0	1,743	3,899
					iyoodbndge		property		mamtenance				and repairs	808		0	808	1,468
					Support	costs for the			Church		(Note		14)	26,520		113	26,633	175,774
														161,340	0	456,924	618,264	803,376
6c	Raising	funds
	Costs of	fund		raismg events										1,185	0	0	1,185	2,866
														~1185	0	0	1,185	2,866
	TOTAL EXPENDITURE													~166630	0	~466 188	~632818	~815347

he year ended 31	D	ecemb	er 2020
										2020	2019
RESTRICTED INCOME FUNDS										5	6
The Restricted Income Funds comprise the following:
Curate's House (Woodbndge Pansh Church Repair Fund			Avenue)							375,000 3,389	305,000 3,374
Pansh Church Garden		oi Remembrance								7,458	7,426
Organ Restoration Poplar Road Fund New Future										7,930 46,887 53,174	7,896 9,482 109,699
Vision 2020 Makmg Hardship Fund	History									(84,304) 1,446	139,072 0
										410,980	581,949
CBF Umt investment:		Poplar	Road (Note 7)							132,618	186,487
Total										543 598	~768 436
The Poplar Road Fund		is to be apphed		for the purposes of children's			education.
ANALYSIS OF MOVEMENT			OF FUNDS
				Balance	at		Incoming	Outgoing	Transfers/	Gains and	Balance at
				start ofyear		resources		resources	Reclassification	losses	year end
					E		E		6	5	E
Unrestricted Funds
General unrestnctsd				39,340			122,933	(166,630)			(4,357)
Total Unrestricted	Funds			~39 340		~l22 933		~366630			4 357
Designated Funds
New Future / Vision	2020				0		0
Total Designated Funds											0
Restricted Funds
Curate's House (Woodbndge Pansh Church Repair Fund			Avenue)	305,000 3,374			0 15			70000 0	375,000 3,389
Pansh Church Garden
of Remembrance				7,426			32	0	0	0	7,458
Organ Fund Poplar Road Fund New Future				7,896 195,969 109,699			34 4,776 0	0 (27,371) (113)	0 0 (56,412)	0 6,131 0	7,930 179,505 53,174
Vision 2020 Making Hardship Fund	History			139,072 0			149,652 10,710	(429,440) (9,264)	56,41.2 0	0 0	(84,304) 1,446
Total Restricted Funds				~768436		~265 219		~466 188	0	~76 232	~543 598
Total Funds				~807 776		~288 152		632818	0	~76 131	~539 242
ANALYSIS OF NET GROUPING	ASSETS BY FUND					Unrestricted Fuisils		Designated Funds	Restricted Funds	Total 2020	Total 2019
							E	5	6	5	6
Fixed Assets							0		375,000	375,000	305,000
investments							0		132,618	132,618	186,487
Current Assets							35,650		131,119	166,769	394,547
Current Liabihties							(40,007)		(5,139)	(45,146)	(28,258)
Long Term Liabihties							0		(90,000)	(90,000)	(50,000)
Funds balances							4357	0	~543 59S	~539241	~807 776

for	the year ended 31December 2020	the year ended 31December 2020
13	FURTHER DETAILS OF GRANTS AND DONATIONS MADE FROM BOTH RESTRICTED AND UNRESTRICTED FUNDS			2020 UK I	Overseas I	2019 UK E	Overseas I
	Church Missionary Society (iJnrestncted) Combat Stress (IJnrestricted) Epsom Ik Eweg Foodbank (Restricted) Children's Summer Lunches (Restncted	)		0 0 7,210 2,054		0 4,000 0 0	1,000 0 0 0
				~9264	0	~4000 ~1000
14	SUPPORT COSTS FOR THE CHURCH		Unrestricted Funds	Designated Funds	Restricted Funds	Total 2020	Total 2019
			E	E	6	6	E
	Church Hall running costs (includmg salaries) Printing and stationery, post etc. Bank charges and loan interest independent exammation Other accountancy fees Legal and Other Professional fees Other		17,412 5,066 194 2,700 320 828 0		0 0 113 0 0 0 0	17,412 5,066 307 2,700 320 828 0	20,709 5,987 56 2,580 4,380 142,062 0
			26 520	0	113	26 633	175774

LEASES	LEASES
At the reportmg		date the Church	had the i'ogowmg	mmimum	lease payments	under	non-cancegable	operating	leases (for equipment)		whict
fall due	as follows:								2020		2019
									E		E
Expinng Expinng	m less in two	than one year to fwe years							4,080 7,140		4,080 11,220
									~23 240	~27 319

ANALYSIS OF PRIOR YEAR TOTALS	Unrestricted Funds	Designated Funds	Restricted Funds	Total 2019
	6	6	E	6
INCOME AND ENDOWMENTS Donations and legades Charitable activities Other tradmg actiwties investments	100,774 1,487 52,654 147	0 0 0 1,707	262,556 6,670 0 6,398	363,330 8,157 52,654 8,252
	155,062	1,707	275,624	432,393
EXPENDITURE Chantable activities Other expenditure Raismg funds	9,105 176,005 1,697	0 64,888 0	0 562,483 1,169	9,105 803,376 2,866
	186,807	64,888	563,652	815,347