## |Parochial Church Council|Parochial Church Council|Revd D Bourne|(Vicar and Chair)|(Vicar and Chair)|(Vicar and Chair)|(Vicar and Chair)||| |---|---|---|---|---|---|---|---|---| |||Revd R Graham||(Associate Minister)||||| |||Revd. D Griffin|(Curate)||||(Appointed|12October 2020)| |||Mr D Gooding (Churchwarden)||||||| |||Mrs M Luffingham|||(Churchwarden)|||| |||Mrs FWS Newton|||(Treasurer|and Synod Rep)||| |||Mr R K Booth||||||| |||Miss C Bromfield||(Synod Rep)||||| |||DrJ Canning||||||| |||Mr CJ Dadswell||||||| |||DrJ Garvican||||||| |||Mr P Luffingham||||||| |||Mrs D Miller||||||| |||Mr D Saxby||||||| |||Mr D Sinden||||||| |||Mrs D Sinden (Secretary and Synod Rep)||||||| |||Miss C Smith|||||(Appointed|12 October 2020)| |||Mrs R Smith||||||| |||Mrs M Surrey (Synod Rep)||||||| |Charity number||1132922||||||| |Principal address||Vicarage Road||||||| |||Hailsham||||||| |||East Sussex||||||| |||BN27 1BL||||||| |Independent|examiner|John Caladine|FCCA CTA FCIE|||||| |||Caladine
Limited||||||| |||Chantry
House||||||| |||22 Upperton
Road||||||| |||Eastbourne||||||| |||East Sussex||||||| |||BN21 1BF||||||| |Bankers||Barclays Bank|PLC|||||| |||Leicester||||||| |||LE87288||||||| |||||Page| |---|---|---|---|---| |Parochial|Church
Council Members'||report|1-9| |Statement|of Parochial
Church|Council members'||responsibilities10| |Independent
examiner's
report||||| |Statement|offinancial activities|||12- 13| |Statement|offinancial
position|||14| |Notes to the financial statements||||15-30| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Current financial|year|||||||| |---|---|---|---|---|---|---|---|---| |||||Unrestricted|Unrestricted|Restricted|Total|Total| |||||funds|funds|funds||| |||||general|designated|||| |||||2020|2020|2020|2020|2019| ||||Notes|8|8|8|8|| |Igggt~tom:||||||||| |Donations
and legacies|||3|197,233||414|197,647|135,561| |Charitable
activities|||4|11,622|||11,622|19,354| |Investments|||5|34,012|||34,012|50,906| |Other income|||6|21,845|||21,845|62,253| |Total income||||264,712||414|265,126|268,074| |gzmmtIItttg
on:||||||||| |Raising funds||||7,614|||7,614|8,021| |Charitable
activities|||8|274,407|454,353|15|728,775|308,452| |Total resources expended||||282,021|454,353|15|736,389|316,473| |Net gains/(losses)|on investments||13||232,931||232,931|87,923| |Net (outgoing)/incoming||||||||| |resources before|transfers|||(17,309)|(221,422)|399|(238,332)|39,524| |Gross transfers
between||funds|22, 23|10,020|(9,240)|(780)||| |Net movement
in|funds|||(7,289)|(230,662)|(381)|(238,332)|39,524| |Fund balances at 1 January 2020||||35,197|1,625,788|3,934|1,664,919|1,625,395| |Fund balances at|31 December|||||||| |2020||||27,908|1,395,126|3,553|1,426,587|1,664,919| ## ## |||||||Unrestricted|Unrestricted|Restricted|Total| |---|---|---|---|---|---|---|---|---|---| |||||||funds|funds|funds|| |||||||general|designated||| ||||||Notes|2019
f|2019
f|2019f|2019f| |~ln ~m|||||||||| |Donations
and|legacies||||3|132,843||2,718|135,561| |Charitable
activities|||||4|19,354|||19,354| |Investments|||||5|50,901|||50,906| |Other income|||||6|62,253|||62,253| |Total income||||||265,351||2,723|268,074| |~Ex
ndi gDtJttL'|||||||||| |Raising funds||||||8,021|||8,021| |Charitable
activities|||||8|273,120|32,875|2,457|308,452| |Total resources expended||||||281,141|32,875|2,457|316,473| |Nst gains/(losses)||on investments|||13||87,923||87,923| |Net (outgoing)/incoming||||resources before|||||| |transfers||||||(15,790)|55,048|266|39,524| |Gross transfers|between||funds||22|(93,867)|93,867||| |Net movement|in|funds||||(109,657)|148,915|266|39,524| |Fund balances|at 1 January|||2019||144,854|1,476,873|3,668|1,625,395| |Fund balances|at|31 December 2019||||35,197|1,625,788|3,934|1,664,919| ## ## |||2020||2019| |---|---|---|---|---| |||||as restated| ||Notes|||6| |Fixed assets||||| |Property,
plant and equipment|14||43,837|418,166| |Investment
properties|15||662,500|375,000| |Investments|16||674,974|822,583| ||||1,381,311|1,615,749| |Current assets||||| |Trade and other receivables|17|6,434||23,577| |Cash at bank and in hand||98,846||117,565| |||105,280||141,142| |Current
liabilities|19|(20,004)||(51,972)| |Net current assets|||85,276|89,170| |Total assets less current liabilities|||1,466,587|1,704,919| |Non-current
liabilities|20||(40,000)|(40,000)| |Net assets|||1,426,587|1,664,919| |Income funds||||| |Restricted funds|22||3,553|3,934| |Unrestricted
funds - designated|23||1,395,126|1,625,788| |Unrestricted
funds - general|||27,908|35,197| ||||1,426,587|1,664,919| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||Hire of|Hire of|Churchyard|Wedding|Sale of|Total|Total| |---|---|---|---|---|---|---|---|---| |||Emmanuel||upkeep|and funeral|magazines|2020|2019| |||Church|Hall|grant|fees|||| ||||2020|2020|2020|2020||| ||||6|6|6|6||| |Sales of Literature||||||212|212|275| |Charitable|rental|||||||| |income|||7,887||||7,887|14,631| |Other income||||1,838|1,685||3,523|4,448| ||||7,887|1,838|1,685|212|11,622|19,354| ## |||Hire of|Churchyard|Wedding|Sale of|Total| |---|---|---|---|---|---|---| |||Emmanuel|upkeep|and funeral|magazines|2019| |||Church
Hall|grant|fees||| |||||6||| |Sales of Literature|||||275|275| |Charitable|rental income|14,631||||14,631| |Other income|||1,810|2,638||4,448| |||14,631|1,810|2,638|275|19,354| ## |||Unrestricted|Unrestricted|Restricted|Total| |---|---|---|---|---|---| |||funds|funds|funds|| |||general|general||| |||2020|2019|2019|2019| |||6|5|E|6| |Rental|income|11,415|11,360||11,360| |Income|from listed investments|22,478|39,541||39,541| |Interest|receivable|119|||5| |||34,012|50,901||50,906| ## ## ||Unrestricted|Unrestncted| |---|---|---| ||funds|funds| ||general|general| ||2020|2019| ||6|6| |Other income|12,251|62,253| |Job Retention Scheme Grants|9,594|| ||21,845|62,253| ## |Unrestricted|Unrestricted| |---|---| |funds|funds| |general|general| |2020|2019| |E|| |7,614|8,021| ## |||2020|2019| |---|---|---|---| |||f|6| |Staff costs||53,673|54,910| |Diocesan parish
contribution||109,598|90,999| |Staff housing costs||21,803|19,845| |Curate Cost and Clergy expenses||24,862|4,836| |Church
music and organist|honorarium|1,368|1,124| |Youth and Sunday school||857|1,765| |Training fees and study materials||352|2,512| |Service costs||107|1,812| |Flowers||740|435| |Light, heat and water||8,552|8,661| |Repairs and maintenance||9,221|35,163| |Hire ofequipment||5,940|7,515| |Printing,
postage and stationery||1,756|1,650| |Telephone||1,119|682| |Property
insurance||3,355|3,804| |||243,303|235,713| |Grant funding
ofactivities (see note 9)||11,421|15,349| |Share ofsupport costs (see|note 10)|471,059|56,130| |Share ofgovernance
costs|(see note 10)|2,992|1,260| |||728 775|308452| |Analysis
by fund|||| |Unrestricted
funds - general||274,407|273,120| |Unrestricted
funds - designated||454,353|32,875| |Restricted
funds||15|2,457| |||728,775|308,452| |||||||2020|2019| |---|---|---|---|---|---|---|---| |||||||f|f| |Grants to institutions:|||||||| |External mission|giving|||||11,406|15,349| |Grants to individuals||||||15|| |||||||11,421|15,349| |Support costs|||||||| |||Support|Governance|Total|Support|Governance|Total| |||costs|costs|2020|costs|costs|2019| |||f|f|f|f|f|f| |Staff costs||2,718||2,718|2,710||2,710| |Depreciation||380,816||380,816|32,875||32,875| |Caretaking
and cleaning||620||620|975||975| |Churchyard
upkeep||1,822||1,822|1,755||1,755| |Legal and professional|||||||| |fees||2,322||2,322|1,086||1,086| |Lynton management|||||||| |fees and repairs||4,713||4,713|6,862||6,862| |Bank charges||414||414|346||346| |Major Building|||||||| |Improvements||73,537||73,537|||| |Sundry expenses||4,097||4,097|9,521||9,521| |Accountancy
and|||||||| |independent|||||||| |examination|||2,992|2,992||1,260|1,260| |||471,059|2,992|474,051|56,130|1,260|57,390| |Artttt)tag~~en|||||||| |Charitable
activities||471,059|2,992|474,051|56,130|1,260|57,390| ## ## ## ## |||2020|2019| |---|---|---|---| |||Number|Number| |Employment|costs|2020|2019| |||K|8| |Wages and salaries||55,580|56,818| |Other pension costs||811|802| |||56,391|57,620| ## ## |||||Unrestricted|Unrestricted| |---|---|---|---|---|---| |||||funds|funds| |||||designated|designated| |||||2020f|2019| |Revaluation|of|investments||(11,111)|59,511| |Gain/(loss)|on|sale of investments||(43,458)|28,412| |Revaluation|of|investment|properties|287,500|| |||||232,931|87,923| ## |14|Property,
plant and equipment|Property,
plant and equipment|||| |---|---|---|---|---|---| ||||Property|Fixtures,|Total| ||||improveme|Fittings 8|| ||||nts|Equipment|| ||||8||| ||Cost||||| ||At 1 January 2020||414,402|128,973|543,375| ||Additions|||6,487|6,487| ||At 31 December 2020||414,402|135,460|549,862| ||Depreciation
and impairment||||| ||At 1 January 2020||54,207|71,002|125,209| ||Depreciation
charged|in the year|360,195|20,621|380,816| ||At 31 December 2020||414,402|91,623|506,025| ||Carrying
amount||||| ||At 31 December 2020|||43,837|43,837| ||At 31 December 2019||360,195|57,971|418,166| ## |Investment
property||| |---|---|---| |||2020| |||8| |Fair value||| |At 1 January 2020||375,000| |Net gains or losses through|fair value adjustments|287,500| |At 31 December 2020||662,500| ## ||||Listed| |---|---|---|---| ||||investments| ||||6| ||Cost or valuation||| ||At 1 January 2020||822,583| ||Additions||239,470| ||Valuation
changes||(11,111)| ||Disposals||(375,968)| ||At 31 December 2020||674,974| ||Carrying
amount||| ||At 31 December 2020||674,974| ||At 31 December 2019||622,583| |17|Trade and other receivables||| |||2020|2019| ||Amounts
falling due within one year:|6|E| ||Trade receivables|862|2,850| ||Other receivables|4,876|20,357| ||Prepayments
and accrued income|696|370| |||6,434|23,577| ## ## |Borrowings||| |---|---|---| ||2020|2019| ||8|6| |Other loans|40,000|40,000| |Payable after one year|40,000|40,000| ## ## |||||2020|2019| |---|---|---|---|---|---| |||||8|8| ||Other taxation|and social security||1,502|| ||Trade payables|||6,900|45,449| ||Other payables|||1,361|1,528| ||Accruals and|deferred|income|10,241|4,995| |||||20,004|51,972| |20|Non-current|liabilities|||| |||||2020|2019| |||||8|6| ||Borrowings|||40,000|40,000| ## ## ## ||||N
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N| ## ## ## ||2020|2019| |---|---|---| ||6|F| |Within one year|4,174|4,174| |Between two and five years||4,174| ||4,174|8,348| ## ## ## ## ||||At 31|December 2019|December 2019| |---|---|---|---|---|---| ||||As previously|Adjustment|As restated| ||||reported||| ||||E||| |Fixed assets|||||| |Investments|||833,149|(10,566)|822,583| |Current assets|||||| |Bank and cash|||120,653|(3,088)|117,565| |Net assets|||1,678,573|(13,654)|1,664,919| |QKIIg(1ILnnt|||||| |Endowment|funds||13,654|(13,654)|| |lrrg(gafu0fja|||||| |Restricted
funds|||3,934||3,934| |Designated|funds||1,625,788||1,625,788| |Unrestricted|funds||35,197||35,197| |Total equity|||1,678,573|(13,654)|1,664,919| |Changes to|the income statement||||| ||||Period ended 31 December||2019| ||||As previously|Adjustment|As restated| ||||reported||| ||||K||| |Income from:|||||| |Investments|||51,237|(331)|50,906| |Net gains on|investments||89,569|(1,646)|87,923| |Net movement||in funds|41,501|(1,977)|39,524| ##