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2021-12-31-accounts

Parochial Parochial Church Council Church Council Revd D Bourne (Vicar and Chair) (Vicar and Chair)
Revd R Graham (Associate Minister)
Revd. D Griffin (Curate)
Mr D Gooding (Churchwarden)
Mrs M Luffingham (Churchwarden)
Mrs FWS Newton (Treasurer and Synod Rep)
Mr R KBooth
Miss C Bromfield (Synod Rep)
Dr J Canning
Mrs LCannon (Appointed 26April 2021)
Mr CJ Dadswell
DrJ Garvican
Mr P Luffingham
Mrs D Millar
DrAA Risbridger (Appointed 26 April 2021)
Mr D Saxby
Mr D Sinden
Mrs D Sinden (Secretary and Synod Rep)
Miss C Smith
Mrs M Surrey (Synod Rep)
Mr R Tipping (Appointed 26April 2021)
Charity number 1162922
Principal address Vicarage Road
Hailsham
East Sussex
BN27 1BL
Independent examiner John Caladine FCCA CTA FCIE
Caladine
Limited
Chantry
I-louse
22 IJpperton
Road
Eastbourne
East Sussex
BN21 1BF
Bankers Barclays Bank PLC
Leicester
LE872BB

Page
Parochial Church
Council Members'		 report 1-9
Statement of Parochial Church Council members' responsibilities 10
Independent
examiner's
report
Statement of financial
activities		 12-13
Statement offinancial
position		 14
Notes to the financial statements 15-29

Current financial year Current financial year
Unrestricted
Unrestricted		 Restricted Total Total
funds funds funds
general designated
2021 2021 2021 2021 2020
Notes 6 6 6 6
Ittggm/LID) ftt'
Donations
and legacies		 159,183 63,372 222,555 197,647
Charitable
activities		 15,879 15,879 11,622
Investments 29,168 29,168 34,012
Other income 4,128 4,128 21,845
Total income 208,358 63,372 271,730 265,126
E)fggtttUIgf3Lgtt;
Raising funds 7 7,119 7,119 7,614
Charitable
activities		 8 342,506 21,469 62,903 426,878 728,775
Total resources expended 349,625 21,469 62,903 433,997 736,389
Net gains/(losses)
on investments		 13 (107,154) (107,154) 232,931
Net (outgoing)/incoming resources
before transfers (141,267) (128,623) 469 (269,421) (238,332)
Gross transfers between funds 22 152,307 (152,492) 185
Net movement in funds 11,040 (281,115) 654 (269,421) (238,332)
Fund balances at 1 January 2021 27,908 1,395,126 3,553 1,426,587 1,664,919
Fund balances at 31 December 2021 38,948 1,114,011 4,207 1,157,166 1,426,587

Prior financial y ea r
Unrestricted
Unrestricted		 Restricted Total
funds funds funds
general designated
2020 2020 2020 2020
Notes 6 6 6 6
t
Donations
and legacies		 197,233 414 197,647
Charitable
activities		 11,622 11,622
Investments 34,012 34,012
Other income 21,845 21,845
Total income 264,712 414 265,126
Raising funds 7,614 7,614
Charitable
activities		 8 274,407 454,353 15 728,775
Total resources expended 282,021 454,353 15 736,389
Net gains/(losses) on investments 13 232,931 232,931
Net (outgoing)/incoming resources before transfers (17,309) (221,422) 399 (238,332)
Gross transfers between funds 22 10,020 (9,240) (780)
Net movement in funds (7,289) (230,662) (381) (238,332)
Fund balances at 1 January 2020 35,197 1,625,788 3,934 1,664,919
Fund balances at 31 December 2020 27,908 1,395,126 3,553 1,426,587

2021 2020
Notes f F 8
Fixed assets
Property,
plant and		 equipment 14 28,019 43,837
Investment
properties		 15 520,000 662,500
Investments 16 538,138 674,974
1,086,157 1,381,311
Current assets
Trade and other receivables 17 14,635 6,434
Cash at bank and in hand 88,369 98,846
103,004 105,280
Current liabilities 19 (31,995) (20,004)
Net current assets 71,009 85,276
Total assets less current liabilities 1,157,166 1,466,587
Non-current
liabilities		 20 (40,000)
Nst assets 1,157,166 1,426,587
Income funds
Restricted funds 22 4,207 3,553
Unrestricted
funds		 - designated 23 1,114,011 1,395,126
Unrestricted
funds		 - general 38,948 27,908
1,157,166 1,426,587

Property improvements Fully depreciated
Fixtures, Fittings
& Equipment		 Straight
line over 5years

Hire of Churchyard Wedding Total Total
Emmanuel upkeep and funeral 2021 2020
Church
Hall		 grant fees
2021f 2021f 2021f
Sales of literature 212
Charitable rental income 10,398 10,398 7,887
Other income 1,838 3,643 5,481 3,523
10,398 1,838 3,643 15,879 11,622

Hire of Hire of Churchyard Wedding Sale of Total
Emmanuel upkeep and funeral magazines 2020
Church Hall
f		 grant
f		 fees
f
Sales of literature 212 212
Charitable rental income 7,887 7,887
Other income 1,838 1,685 3,523
7,887 1,838 1,685 212 11,622

Unrestricted Unrestricted
funds funds
general general
2021f 2020f
Rental income 11,326 11,415
Income from listed investments 17,827 22,478
Interest receivable 15 119
29,168 34,012

Unrestricted Unrestricted
funds funds
general general
2021 2020
6 F
Other income 4,128 12,251
Job Retention Scheme Grants 9,594
4,128 21,845

Unrestricted Unrestricted
funds funds
general general
2021 2020
F f
7,119 7,614

2021 2020
6 5
Staff costs 61,583 53,673
Diocesan parish
contribution		 108,000 109,598
Staff housing costs 23,120 21,803
Curate Cost and Clergy expenses 46,459 24,862
Church music and organist honorarium 1,630 1,368
Youth and Sunday school 1.312 857
Training fees and study materials 1,393 352
Service costs 646 107
Flowers 799 740
Light, heat and water 7,502 8,552
Repairs ond mointononcc 25,075 9,221
Hire ofequipment 4,435 5,940
Printing,
postage and stationery		 2,139 1,756
Telephone 1,574 1,119
Property
insurance		 3,363 3,355
Men's &women's group events 528
289,558 243,303
Grant funding
of activities (see note 9)		 13,499 11,421
Share of support costs (see note 10) 121,361 471,059
Share ofgovernance
costs		 (see note 10) 2,460 2,992
426,878 728,775
Analysis
by fund
Unrestricted
funds		 - general 342,506 274,407
Unrestricted
funds		 —designated 21,469 454,353
Restricted funds 62,903 15
426,878 728,775

2021 2020
6 5
Grants to institutions:
External mission giving 13,479 11,406
Grants to individuals 20 15
13,499 11,421
10 Support costs
Support Governance Total Support Governance Total
costs
5		 costs
f		 2021
f		 costsf costs 2020
5
Staff costs 1,898 1,898 2,718 2,718
Depreciation 21,469 21,469 380,816 380,816
Caretaking
and cleaning		 968 968 620 620
Churchyard
upkeep		 2,359 2,359 1,822 1,822
Legal and professional
fees 9,070 9,070 2,322 2,322
Lynton management
fees and repairs 3,848 3,848 4,713 4,713
Bank charges 274 274 414 414
Major Building
Improvements 77,684 77,684 73,537 73,537
Sundry expenses 3,791 3,791 4,097 4,097
Accountancy
and
independent
examination 2,460 2,460 2,992 2,992
121,361 2,460 123,821 471,059 2,992 474,051
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Charitable
activities		 121,361 2,460 123,821 471,059 2,992 474,051

The average monthly
number
ofemployees
during t		 he year was
2021 2020
Number Number
Employment costs 2021 2020
Wages and salaries 62,629 55,580
Other pension costs 852 811
63,481 56,391

Unrestricted Unrestricted
funds funds
designated designated
2021f 2020
8
Revaluation of investments 27,834 (11,111)
Gain/(loss) on sale of investments 7,512 (43,458)
Revaluation of investment properties (142,500) 287,500
(107,154) 232,931

Fixtures, Fittings
&
Equipment
6
Cost
At 1 January 2021 135,460
Additions 5,651
At 31 December 2021 141,111
Depreciation and impairment
At 1 January 2021 91,623
Depreciation charged in the year 21,469
At 31 December 2021 113,092
Carrying
amount
At 31 December 2021 28,019
At 31 December 2020 43,837

investment property
2021
6
Fair value
At 1 January 2021 662,500
Net gains or losses through fair value adjustments (142,500)
At 31 December 2021 520,000

Fixed asset investments
Listed
investmentsf
Cost or valuation
At 1 January 2021 674,974
Additions 151,052
Valuation
changes		 27,834
Disposals (315,722)
At 31 December 2021 538,138
Carrying
amount
At 31 December 2021 538,138
At 31 December 2020 674,974
17 Trade and other receivables
2021 2020
Amounts
falling due within one year:		 6 F
Trade receivables 7,157 862
Other receivables 6,909 4,876
Prepayments
and accrued income		 569 696
14,635 6,434

18 Borrowing s
2021 2020
f
Otherloans 40,000
Payable after one year 40,000
19 Current liabilities
2021 2020
5
Other taxation and social security 1,502
Trade payables 6,900
Other payables 1,170 1,361
Accruals
and		 deferred income 30,825 10,241
31,995 20,004
20 Non-current liabilities
2021 2020
f
Borrowings 40,000

Movement Movement in funds
Balance at Incoming Resources Transfers Balance at
1January 2021 resources expended 31 December
2021
6
Friends ofSt Mary' s 2,429 300 2,729
Vicar's Discretionary Fund 345 345
Women 2 Women Fund 374 267 (403) 238
Youth Zone 239 239
Children & Family Worker Fund 8 16,785 (16,978) 185
Men at HPC 158 (125) 33
Asha & Sangster specified donations 20 (20)
Employment of Curate 46,000 (45,377) 623
3,553 63,372 (62,903) 185 4,207
Movements for the year ended 31 December 2020
Movement in funds
Balance at Incoming Resources Transfers Balance at
I January 2020 resources expended 31 December
2020
6 8
Friends ofSt Mary' s 2,129 300 2,429
Vicar's Discretionary Fund 360 (15) 345
Women 2 Women Fund 327 47 374
Youth Zone 239 239
Children & Family Worker Fund 788 (780) 8
Men at HPC 91 67 158
3,934 414 (15) (780) 3,553

Balance at Resources Transfers Revaluations, Balance at
1 January
2021		 expended gains and 31 December
losses 2021
6 6 8
Asset fund 1,395,126 (21,469) (152,492) (107,154) 1,114,011
Movements for the year ended 31 December 2020
Balance at Resources Transfers Revaluations, Balance at
1 January
2020		 expended gains and 31 December
losses 2020
6 6 6 5
Asset fund 1,625,788 (454,353) (9,240) 232,931 1,395,126
1,625,788 (454,353) (9,240) 232,931 1,395,126

Analysis of net assets betwee n funds
Unrestricted Designated Restricted Total
funds funds funds
2021 2021 2021 2021
E E E
Fund balances are represented by:
Property, plant and equipment 28,019 28,019
Investment properties 520,000 520,000
Investments 538,138 538,138
Current assets/(habilities) 38,948 27,854 4,207 71,009
38,948 1,114,011 4,207 1,157,166
Analysis as at year ended 31 December 2020
Unrestricted Designated Rcstrictcd Total
funds funds funds
2020 2020 2020 2020
E E E F
Fund balances are represented by:
Property, plant and equipment 43,837 43,837
Investment properties 662,500 662,500
Investments 674,974 674,974
Current assets/(liabilities) 67,908 13,815 3,553 85,276
Long term liabilities (40,000) (40,000)
27,908 1,395,126 3,553 1,426,587

2021 2020
E E
Within one year 3,806 4,174