2020-12-31-accounts

St Tnar In'scHURCH DORKING PAROCHIAL CHURCH COUNCIL OF ST MARTIN'S CHURCH, DORKING wlth ST MARY'S CHURCH, PIXHAM SUMMARY ANNUAL REPORT & CONSOLIDATED FINANCIAL STATEMENTS for the YEAR ENDED DECEMBER 31" 2020 INcumbeut: The Revd Derek Tighe St. Martin's Vicarage, Westcott Road, Dorking RH4 3DN Bankers: Lloyds Baak Epsom Bran¢h. PO Box 1000, BXI ILT Investment Managers." CCLA Investment Management Ltd, 85 Queen Victoria Street. London EC4V 4ET M&G Charities, PO Box 9038, Chelmsford CM99 2XF Insurers: Ecclesiastical Group, Beaufort House, Brnnswick Road, Gloucester GLI IJZ Independent Examlner: Adam Halsey, Haysmacintyre LLP, 10 Queen Street Place, Londotl EC4R IAG Charity Number 1133695

ST. MARTIN'S, DORKING with ST. MARY'S, PIXHAM TRUSTEES ANNUAL REPORT Objectives and Activities The primary object of each Parochial Church Council is the promotion ofthe Gospel of our Lord Jesus Christ according to the doctrines and practices of the Church of England. The PCC (Powers) Measure 1956 states that the PCC "is to co-operate with the minister in promoting in the parish the whole mission of the Church, pastoral. evangelislic, social and ecumenical" The St Martin's PCC also has responsibilities for ihe daughter church of St Mary's, Pixham. Under a Union of Benefice Measure (1960) the parish is linked to that of St Barnabas, Ranmore which its own PCC and is independent. The Bishop of Guildford implemented a Pastoral Order under Se¢tion 17 of the MissFon and Pastoral Measure 2011 with effeet from December 1" 2018. Under this order a Group Ministy was established for the benefices of Dorking with Ranmorq Dorktng St Paul and of North Holmwood St Jobn the Evangelist. St Martin's and St Mary's are open, living, Christian communities, seeking to worship God and to enrich the life of Dorking and the world. We seek to celebrale and share the love of God for I: in prayer, reflection and aetion. by listening, learning and growing together, through serving others and the wider world. St Martin's and St Mary's are friendly, inclusive, welcoming churches which don't fit easily into a particular e¢cl¢siasti¢al type. We try to express ourselves in evangelical. Catholic and liberal ways. which welcoEne people from all sections of the community to engage with church life. whatever their needs. Worship is at the heart of our church life. We seek to provide a varied pattern of services that Teflects the Christian year and serves all of our W0￿￿1PPIng community. We strive for worship that is Insight￿1, uplifting and connected to real life. The development of faith is essential to the life of our Cliristi&n community. We believe in faith as a joumey and aim to develop learning opportunities so that people may explore their spiritualtty and their relationship with God. ChildreTh and young people are an essential part of our life and we want lo build good relationships with all our local schools. and especially our church school. We want to include children and young p¢ople in our community of faith, to nurture their spirituality and to ensure their safety by complying with the law and following best practice. We seek to be worthy stewards of our financial and material assets to the service of our community and the wider world. We are custodians of a well-equipped site and are blessed with an amazing location. We Work hard to maintain our buildings and grounds within certain financial constraints. We are exploring new ways of developing our space to the benefit of our community and those witb whom we share our site. We are a committed member of Churches Together in Dorking and actively promote and support the Dorking Area Foodbank and initiatives including the Dorking Community Fridge. We aim to ensure that pastoral care 15 available to all, not just those with obvious vulnerabilities. We speclfically try to make the idea of inclusion real at every level of our life together.

ST. MARTIN'S, DORKING Ivith ST. IVIARY'S, PIXHAM Aehievements and Performance The report for 2019 presented to the APCM in September 2020 reported on the impact of Coronavirus on church Se￿iceS and events in the first pmrt of the year. For a number of months it was not possible to operate nornlally. The prevalence of the pandemic led to further closures in November 2020 and agaln in January and Feb￿L￿Y 2021. The virus continues to be at the forefront of thinking about the way services are conducted in the light of national and church guidelines. For example there has been no retum to 'the common cup. during communion services. As it was either not possible or not prudent to hold physical services, many were pre-recorded and made available online on our YouTube channel "Spire of Dorking" These weie well received with a wide if not huge audience, and regarded as excell¢nt. During the period when stewarding was recornmended as part of church opening for private prayer, a small band of dedicated people regularly volunteered their time in support at St Martin's. Thank you to everyone for this. Pastoral support and communication5 via routes including telephone, ernail and the church magazine were important and continued throughout. Some editions of the magazine were made available via the web rather than circulated in printed fonn. Ih Just before the first lockdown a VisAon Day was held on February 29 2020. This largely a￿lm]ed our tradition and priortlies including Audio Visual and replacement lighting. Covid restrictions have meant that progress on these has been slower than was then expected. The September 2020 APCM provided an opportunity for reflect on the work of Debs and Peter Bunn for the churches over many years upon their move lo Devon and gtve them our heartfelt thanks. We do miss them and are grateful for those who have helped by taking on some of the workload. Our central challenge remains of growing new members and deepening the faith of those we have. The uncertainties and restrictions around Covid have delayed progress. Structure, Governance and Management The Parochial Church Council (PCC) is a corporate body esthblished by the Church of England. The PCC operates under the Parochial Church Council Powers Measure, and registered with the Charity Commission as a Charity in January 2010. The PCC includes representatives from the congregation and the clergy. The appointment of PCC member5 is governed by the Church Representation Rules. The 2004 APCM agreed that there should be an extra lay place for a represeniatlve from the daughter church of St Mary's, Pixham. The PCC complies with Guildford Diocesan requirements with regard to safeguarding issues and risk assessment. Training In connection with the latesl national church safeguardtng requirements is ongoing. Our safeguarding statements continue to bring together Angllean and Methodist best practice. The PCC complies with statutory requirements with regard to employment, access and health and safety. Under an Agreement signed in 1973 the church building Iw been shared with the Dot*ing Methodists, and there is a parallel agreement with the Dorking Methodists for sh2Ting use and responsibilities for the Christian Centre. UndeT the current financial arrangements, each denomination is liable to pay a notional £100 per aTmum lo the other for the use of its factlities.

ST. MARTIN'S, DORKINGivith ST. MARY'S, PIXHAM The Sharing Agreement provides for a Joint Church Council (JCC) consisting of equal representation from tbe PCC and from the Methodist Church Council (MCC). The JCC met on three occasions during 2020. One of the important items regularly discussed has been the likely closure of Ibe Dorking Methodist Church through insufficient numbers, and the impact on the Centre. This had Inco￿0[aled the forn]er Church Hall, and continued to provide facilities for events laking place in the church. The closure became effective from September 2021. So far there have been no day-to-day changes and govern2n¢¢ dtscussions continue. The PCC and the Incumbent Share the responsibility for taking forward the work of the parislL During the calendar year 2020, the PCC Standing Committee met 4 times and the full PCC met 6 tim￿. A number of these were virtual meetings via Zoom. Reference and Administrative Details These details are shown on the cover page and start on page 4. Financial Revieiv 2020 These accounts are consolidated financial statements of St Martin's Church with St Mary's Pixham together with a number of related separate charities with many separate figures. A simple summary shows: Charity l Fund Unrestricted Reslricted Endowment Total St Martin 107,452 73,953 425,357 606,762 Other Charities 65,670 321,937 387,607 St Mary 22,737 7,349 30,086 TOTAL 130,189 146,972 747,294 1,024,455 The significant unrealised inve5tm¢nt gains of 2019 were somewhat otTset by losses at the end of 2020. However total assets at the end of 2020 remained above £lM. Legal restrictions prevented the churches from operating nornully. This resulted in loss of 'open plate, giving at services, donations from visitors, occasional offi¢e fees and hire income. This was partially offset by reduced expenditure on energy and administration. St MArtitt's Church general expenditure in 2020 has once again exceeded income. Investment gains have mitigated th¢se losses. Inv¢5tment income, including that fro Endowments. has also helped. although interest rdtes have been falling and there was uncertainty about stockn)arket levels because of the pandemic. Overall income benefitted frotn two one-off donations totslling £3,500 and a number of snMller ones. Grant income under the HMRC Job Retention Scheme totalled £5,168 and stsff furloughed continued to b¢ paid in full. Income from the hire of churches was significantly lower since events Could not take place. The number of regular givers did drop but tlje income reduction was fairly small. It remains the case that a large proportion of regular giving is from

ST. MARTIN)S, DORKING with ST. MARY'S, PIXHAM a few people I families. Costs were lower through lower energy usage during lockdowns and reduced administration costs from lower activity levels as a result of Covid restrictions. The income stream from the rent of the buy-to-let flat continues to provide valuable nel income after expenses and routine repair costs. The original tenants have continued their lease with annual renewals. The Parish Share for 2020 wa5 adjusted back to the 2019 level because of the pandemic rather than applying the planned 4/0 increase. The full amount requested was paid during the year.. the matter of the unpaid element relating to 2011 (£23K) remains open with the Diocese and is not included in the figures shown in the accounts. We remain grateful to Friends of SÉ Martin's (a separate registered charity number 283966) for their continuing support in undertaking works and providing funds for projects for the upkeep of church fabric. During the year the Friends repaid £669 in respect of an overpaid Tefund to them of VAT. It is planned to flntsh Ébe chancel redecoration project funded by the Friends as soon as agreement can be reached on how to handle the largely hidden sten¢illing. At some point the main church buildtng will need re-decoration. This was last done in the 19605 and will be expensive so specific fimd raising will be needed. It remains the case that routine maintenance tlems should nornmlly be fun(kd from the church's own resources. St Mary's Church Pixham made a small suo)lus on general fi￿d$ of £3,075. Their stonework repairs have been delayed through Covid. Administrative Details Charity Registration The PCC registered with the Charity Cotnrnission in January 2010. number 1133695. The separate Vicar and Churchwarden Charities contributing to the consolidated accounts are listed in Accounts Note l(g) on page 10.

ST. MARTIN'S, DORKING with ST. MARY'S, PIXHAM Membership of the PCC Members of the PCC are either ex oflicio or elected by the Annual Parochial Church Meeting (APCM) in accordance with the Church Representation Rules. In the year starting January 1. 2020, and until the approval of the Annual Report and Financial Statements for 2020. the following served as members of the PCC.. Incumbent- Rev'd Derek Tighe Peter BUT Nick Hands-clarke Veronica Watts Note I Churchwardens: To September 2020 To January 2022 From October 2020 Note 2 Note 4 Deanery Synod: Canon Peter B￿]nve￿5 Peter Bunn Nick Hands-clarke Note 3 Note 2 Note 4 To September 2020 PCC Treasurer LLM (Reader).. Pixham Rep: Elected Members: Chris Watts Julie Mellows Nole 5 Debordb Bunn Diana Burges Christine Ftan¢is Linda Friend Mike Gibb Alison Harding Christine Lawrence Judy Peace Julia Redfern To September 2020 To May 2021 PCC Secretary To Oct 2020 To June 2021 To April 2019 From Sept 2020 to December 2020 Alan Roome Brian Smith Di Sutherland Anne Whibberley Robina William5 To January 2021 Co-opted Member Jenny Bartholomew To Sept 2020 The Incumbent and the Churchwardens are regarded as the people in key management posilions. Until Seplember 2020 Peter Bunn was a trustee, with others including the Incutnbent. of the separate Friendi ofst Martin's charity. Note l.. Rev'd David Cowan and Rev'd Stuart Pea¢e have PTO status. Note 2.. Peter Bunn also served on Deanery Synod. Note 3.. Canon Peter Bruinvels serves on General Synod and (ex-offjcio) on Diocesan and Deanery s￿Ods. Nole 4.. Nick Hands-clarke also serves on Diocesan Synod. Note 5.. The Pixham Representative has not aC￿d as a Charity Trustee. To January 202 I Approved by the PCC on IWI 2022 and signed on its behalf by:

ST. MARTIN’S, DORKING with ST. MARY’S, PIXHAM

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF PAROCHIAL CHURCH COUNCIL OF ST MARTIN’S, DORKING WITH ST MARY’S CHURCH, PIXHAM

I report to the trustees on my examination of the accounts of the Parochial Church Council of St Martin’s, Dorking with St Mary’s Church, Pixham (the ‘PCC’) for the year ended 31 December 2019.

Responsibilities and basis of report

As the charity trustees of the PCC you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the PCC’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1. accounting records were not kept in respect of the PCC as required by section 130 of the Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Adam Halsey FCA Haysmacintyre LLP, 10 Queen Street Place London EC4R 1AG

Date: May 30[th] 2022

6

ST. MARTIN'S, DORKENG Ivith ST. MARY'S, PIXHAM Statement of Financfial Actlvities For the year ended 31. December 2020 Unrestricted Restricted Endowment TOTAL 2020 TOTAL 01 Note INCOME & ENDOWMENTS: Donalions andLegaci Church activities 2(d) 2(b) 71.649 5,112 3,039 17.786 984 72.633 | 92.874 5,278 9.305 36.433 Other trading activilies Inveslpnents 250 2(d) 16.059 33.845 Other Total 102 754 120 047 158 855 EXPENDITURE OIY: Chureh aciivili 109,743 6,925 9,714 119,457 1 125,326 8,146 Ruisingfvnds Oiher 3(b) 3(e) Total 116668 126 382 1 158 557 Net income / (expenditure) before investment gains Gains on investment assets (l3,914) 7,579 (6,335) 298 6{a,b,c) Net income l (expenditure) before transfers Grossfunds transfers, in Grossfunds trartsfers, out (7.754) 7.579 (33.206) 1 76,846 Net income l (expenditure) before other gains (losses) Other gains (losses) (7,754) 7.579 (33.206) 76,846 Net movement in funds (7,754) 7,579 (33,206) 1 76.846 RECONCILIATION OF FUNDS Total Funds blfwd January I 137,943 139,393 780,325 1,057,661 980,815 Total Funds dfwd December 31" The notes on pages 9 to 22 fonn part of these financial statements. The statement of financial activities includes all gains and losses recognised in the year. All in¢ome and expenditure derive from continuing activities.

ST. MARTIN'S, DORKING with ST. IVIARY'S, PIXHAM Balance Sheet at 31. December 2020 Unrestricted Reslrieled Endowment Funds Funds TOTAL 2020 TOTAL 201 Note XED ASSETS Investment Property Investments 340,000 397 958 340.000 1 340,000 493 321 520 192 61b.c) Totalf￿ed assels 737 958 833 321 860 192 CURRENT ASSETS Debtors and prepasinents Investments (short tenn) Cash at bank and in hand 2,498 25,455 5,337 16 267 141397 238 2.736 30,792 167 000 4.170 40.648 162 885 336 Total current assets 44,220 146,972 9,336 200.528 207.703 LIABILITIES Creditors.. due in l year Nel currenl assets less liabilities 34 826 146 972 191 134 197469 Unrestricted Restricted Endowment Funds Funds Funds TOTAL 2020 TOTAL 2019 CHARITY FUNDS Unrestricted Funds: General Fund Legacy Fund Restricted Funds 129.489 700 129,489 137,246 697 146,972 146,972 1 l39,393 Endowment Funds: pcc Other Charity io 6(a.b) O(c) 425,357 321,937 425,357 321.937 420,446 359.879 Total un aLL9 146 972 The notes on pages 9 to 22 fonn part of these financial statements. The accounts were approved by the Parochial Church Council on 19Pk 2022, and signed on its behalf by

ST. MARTIN'S, DORKING Ivith ST. MARY'S, PIXHAM Notss to the Financial Statements for the year ending December 31, 2020 I. ACCOUNTING POLICIES l(a) Basis of Financial Statements The financial Statements have been prepared under the historical cost convention and the Church Accounting Regulations 2006, in accordance with tbe 'Statement of Recommended Practice.. Accounting and Reporting by Charities preparing their accounts in a¢¢ordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland, (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. as it applies from l January 2015. 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 main affiliation to another body, nor those that a￿ informal gatherings ofchurch members. These financial statements include the financial results and funds of St. Mary's Church, Pixham. St. Mary's is the daughter church of St. Martin's Church. Dorking and the two churches together constitute the Parish of St. Martin's. Unlike St. Martin's Church, St. Mary's Church does not have any separate Endowment Funds. Following the practice siarted for 2006, Ihese slatements consolidate the accounts of other charilies under the control of the Vicar and CILurchwardens which support the work of the PCC and its public benefit. The accounts have been prepared to give a 'true and fair, view and have departed from the Charitie5 (Accounts and Reports) Regulations 2008 only to the extent required to provffide a 'tNe and fair view.. This departrjre 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: Statemenl of Recommended Practice effective from I April 2005 which has since been withdraw The Charity meets the definition of a public benefit entity under FRS 102. Judgements made by the Trustees. in the application of these accounting policies that have significant effect on the financial statements and estimates with a significant risk of material adjustment in the next ￿ar are deemed to be kn relation to the valuation of investments and are discussed below. l(b) Going Concern The Trustees consider there are no material un¢ertainties about the Charity's ability to continue as a going concem. The review of our financial position, reserves level and future plans gives Trustees confidence the ckLarity renmins a going concern for the foreseeable future. l(c) Fund Aceounling Endowmenifynds are ￿nds, the capital of which rnusl be relained either pem]aTkently OT at the PCC'S discretion. the inconke derived from the endowment is lo be used either as restricted or unrestricted income funds depending upon the purpose for whtch the endowment was established in the first place. Restrictedfvnds comprise (a) income from endowments which is to be expended only on the restricted putposes intended by the donor, and (b) revenue donatlOJ]S OT grants for a specific

ST. MARTIN'S, DORKING with ST. MARY'S, PIXHAM PCC activity intended by the donor. Where these funds have unspent balances. inteT¢St on their pooled investment 15 apportioned on an average balarEee basts. Unrestrictedfunds are income funds which are to be spent on the PCC'S general purposes. l(d) Income Planned giving. collections and similar donations are recognised when received. Tax refl￿d8 are recognised when the incoming resource to which they relate is received. Grants and legacies are accounted foT when the PCC is legally entitled to use of the resources, their ltimate receipt is considered probable and the amounts due are reliably quantifiable. Dividends are accounted for when declared receivable, interest as and when accrued by the payer. Claims foT refunds of VAT under the Listed Places of Worship Scheme are accounted for when the amounl of refund is known. All incoming resources are accounted for gross: this includes property income which is received from the lelling agent net of management fees and minor repairs carried out through them. l(e) Expenditure Grants and donations are accounted for when paid over, or when awarded if that award creates a binding or constrnctive obligation on the PCC. The Diocesan Parish Share expect￿ Éo be paid over is ￿cOUnted for when due. All other expenditure is generally recognised when it is InCu￿¢d and is aexounted for gross. l(fj Fixed Asset5 Consecraled and beneficed propeny is not Én¢luded in the accounts in accordance with the provisions of s.1012)(a) and (c) of the Charities Act 2011. Recent polkcy has been for individual items with a purchase price of less than £1.500 to be written off in the year in which the expenditure is incurred. Othenvise th¢ equipn]ent would be depreciated on a straight line basis over 3 to 5 years. l(g) Consolidation of Separate Charitie5 These accounts continue to consolidate the finances of four separately registered charities under the control of the Vicar and Churchwardens for the benefit St. Martin's. This first took place in 2006. The four charities are: George White Clergy Expenses 258992, Endowment Spratley Trust Church and Churchyard Maintenance 205917. Endowment West Lodge Clergy Costs 311976, Endowmettt Sunday School Education & Youth 1002099, Restricied Both the George White and the Spratley Trust have unspent investEnent income: this As included in the accounts as part of Restricted ￿llds. l(h) Investments Quoted investments are included in the financial stafrments at Ma￿tt value at the balance sheet date. Where "bid" values have been provided these have been used rather than'mid-market" ones as this is the value that would be obtained if the inveslment were sold. Reali5ed and unrealtsed gains and losses on revaluation and disposals occurriDg in the year are reported in the statement of financial activlties. The investment property is shown at its purchase price when bought in July 2016. io

ST. MARTIN'S, DORKING Ivith ST. MARY'S, PIXHAM l(1} Financial instruments Basic financial instNments are initially recognised at transaction value and subsequently measured at amortised with the exception of invest¥n¢nts which are held at fair value. Financtal assets held al amortised cost comprise cash at bank and in hand, together witb trade and other debtors. A specific provision is made for debts for which recoverability is in doubt. Cash at bank and in hand is defined as all cash held in instant access bank accounts and used as working capitsl. Financial liabilities held at amortised cost comprise all credit0[5 except S￿la1 security and other tsxes and provisions. Ili) Debtors Trade and otheT debtors aTe re¢ogniscd at the settlcment amount due after any trade discount offered. Prepayments are valued at the amount Prepaid net of any trade discounts due. l{k) Cash at bank and in hand Cash at bank and cash in hand includ¢5 cash and short tenn highly liquid investm¢nts. l(D Creditors and provisions Creditors and provlsions are recognised where the Charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. l(m} Estimates and Judgements Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Although these estÈmates are based on the trnstee's best knowledge of the amount, event5 Or actions, actual results ultimately differ from these estimates. The Truste¢s do not consider there to be any material esliniates and judgements.

ST. MARTIN'S, DOIIKING with ST. MARY'S, PIXHAM Endow- ment Funds 2. INCOME & EM)OWMENTS Unrestrtcted Restrteted Funds Funds TOTAL 2020 TOTAL 201 2(a) Donations and Legacies Planned giving: Donations Tax Te¢overable Collections (open p13te) Charity specific collections Donations etc Friends of St Martin's Mole Valley Legacies 48,176 12,547 2,308 48.1761 12,6211 50,541 14,336 6,590 1,756 3.412 13,939 2,300 74 4,586 669 2,300 910 5.496 i 2.300 984 2(b) Jncomefrom churcli activiti Church Magazine PCC fees for weddings etc Other activittes 3.605 1,492 15 3,706 1,542 30 1,492 2(c) Other Irading activities Events Hire of St. Martin's Hire of Pixham 42 385 250 292 385 2,588 3.030 250 2(d) Incomefrom investmenl Unrestricted fund- General Unrestricted fund- Legacy Unrestricted fi￿d- Property Restricted funds (Nole 9) PCC Endowments Wole 10) Other Charities (Notes 9.10) 2,808 2.808 2,907 14.975 14,975 22 2.134 14,700 40 2.071 22 2,134 059 2(¢) Oiher HMRC JRS Grant VAT Retund, LPOW 5,168 Total Income: 102,754 17393 120,047 158,8SS Total arpendiéure (see note 3).. 116,668 9,714 126,382 ', 158,557 Income less expendilure (13,914) 7,579 (6,335) 298 12

ST. MARTIN'S, DORKING Ivith ST. MARY'S, PIXHAM Endow- ment Funds 3. EXPENDITURE Unrestricted Restricted Funds Funds TOTAL 2020 TOTAL 2019 3(a) Church aclivities Missionary & charitable: Overseas Churches Home Missions & Other Ministry.. Parish Share Vicarage & Parsonage Expenses & Visiting Church rutming expenses Church(yard) maintenance Choir. Organists & Music Sanctuary Outreachlworshiplyouth SUB-TOTAL 1.766 67,597 1,469 1,640 14.756 6,949 11.310 547 62.899 176 56 13,090 8,554 9,718 275 135 4.702 67,601 176 1,372 13,090 11,652 9,718 275 135 1,316 3,098 94.903 13,580 9,116 598 104.019 14,178 107.869 16,197 Office costs & Administrator Governance 109 743 119457 125 326 3(b) Fund raiszng cosls Chureh Magazine Property expenses 1,606 I,606 3,059 3(¢) Oiher Fabric Developments Refund to Friends re VAT 10.120 Total expenditure 116,668 9,714 126,382 158,557 13

ST. MARTIN'S, DORKING with ST. MARY'S, PIXHAM 4(2) STAFF COSTS TOTAL ' TOTAL 2019 Salaries, Tax. National Insurance and Pension Contributions included in EXpendi￿re, Note 3 above During the year St. Martin's employed part time Church Administrators and a new Direclor of Music. Sl. Mary'5 was supported part time by a cleaner and various pianists. for which honoraria were paid. Together these appotntm¢nts equate to less than one full time employee. None of these people eamed £15,000 per annum OT more. The George White Trust contributed £598 towards administration costs (2019: £2.360): these amounts are included in the above tolals. Claims were submitted under the Government's Coronavirus Job Retention Scheme and £5.168 was received (2019.. n/a). Staff continued to be paid in full. A defined contribution pension scheme with Nest has been setup to meet obligations under Auto Enrolment. No-one has been paid at a level requiring enrolment but one person was opted in during 2020. Employer pension contributions totalling £180 were paid and this amount is included All the above total (2019: £145). Accrued but not-tsken holiday entitlement at the end of 2020 amounted to four days (2019 three days).. being insignifica7)t no adjustments for this have been made in the aceounts. The key management personnel comprises the ineumbenl and churchwardens. The incumbent is paid by the national church at a salary set and reviewed annually by the Diocese of Guildford. Th¢ Ghurchwardens are unpaid volunteers. Thus the total remuneration paid to the personnel is nil (2019.. nil). Many people volunteer Ihetr services to support the work of the church. It is impractical to give a figure for the effort involved, but it is likely to be the equivalent of several full-time posts. 4(b) PAYMENTS TO PCC MEMBERS A small illllnaterial portion of the expenses paid to the Incutnbent may have related io his seTYices as Chainnan of the PCC. Similarly, a small immaterial portion of expenses paid to Clergy may relate to services as a member of the PCC. The Verger receives some fees in relation to funeralslweddings but no payment as a metnber of the PCC. No other payments or expenses were paÉd to any other PCC member. persons closely connected to them or related persons. An unquantifiable amount of expense5 may b¢ unclaimed being regarded as a donation to the work of the church. It is not felt that the value of these is significant. 5. TRANSFERS BETWEEN FUNDS None. 14

ST. MARTIN'S, DORKING with ST. IWIARY'S, PIXHAM 6. FIXED ASSETS Pro Investhient From a 2014 bequest: Flat at 64 Hill View. Dorking bought 2016 Book value I" January 2020 Book value 31" December 2020 Unrestricted Restricted Endowment Funds Funds Funds 340 000 340 000 See also nolu 10{a) and 12. InveslnientAssets Note loa | Unrestricted Restricted Endowment Funds Funds Funds InV￿led with the Cen(ral Board ofFinance.' No. of Skare Cosl Curatelclergy Fund5 Mrs Lloyd Bequest Turvill Bequest Fabric Fund 2,152 116 1,032 418 l.J77 62 1,106 37 44,001 2.372 21.101 8,547 V&CW General 4.664 Market Value I" January 2020 Unrealised gains (losses) in Market Value Market value 31" December 2020 89.203 71.110 Other Chari Jnveslments.. Note lob l Unrestricted Restricted Endowment COSÉ I Funds Funds Funds I￿v￿led w£th CCLA or M&G Charifund.. No. of Units/ Shares George White. CCLA George White. CCLA George White, M&G Tolal 5.934 715 10,228 8.414 12,852 140 387 161.653 89.267 Spratley, CCLA West tA)dge, M&G 4.966 5,174 4.713 unknown , 21 Market Value I" January 2020 Net unrealised gains (losses) in Market Value Market value 31" December 2020 359,879 15

ST. MARTIN'S, DORKING with ST. MARY?S, PIXHAM 7. ANALYSIS OF LIABILITIES, DEBTORS AND PREPAYMENTS Unrestricted Restricted Endowment Fund Funds Funds Debtors and prepayments: Tax re¢ov¢rable Other debtors Accrued interest (George White) Prepayments Total Liabilities: AG¢ruals for uttlities etc Income in advance Total 1,123 1.375 237 9,226 168 8. UNRESTRICTED FUNDS BIFwd J2n 1° Transfers ut Gainsl losses CIFwd Dw31st Funds 2020 Income Ex endi St. Martin's General St. Mary's General Total Generdl 117,585 94,171 (111,163) 6.160 106,753 137,247 102,751 (116,668) 696 6,160 129.490 699 St. Martin's Legacy 102 754 130 189 Note: B/Fwd Jan 1. 2020 Net Income Ex enditure Transfers Out Gainsl Ios5e5 CIFwd Dec31st Si. Martin i Total (General + Legacy) Si. Mary's 118.281 (16,989) 6.160 107.452 19.662 3.075 22,737 B￿wd Jan I Trdnsfers Gains/ CIFwd Funds 2019 Income Ex St. Martin's General St. Mary's General Total General St. Martin's Legacy 115,693 99,024 (111,200) 14.068 117.585 135,137 108,283 (120,241) 691 14.068 137.247 696 Note: WFwd Net Income enditure Transfers Out Gains1 losses C/Fwd De¢31st St. Marlin s Total (Genei'al + Legacy) Si. Mary's JJ6,384 (12,171) J4,068 JJ8,28J 19.444 218 19.662 16

ST. MARTIN'S, DORKING Trvith ST. MARY'S, PIXHAM 9. RESTIUCTED FUNDS BIFwd Investment anl com Other om Transfers Out CIFwd Si. Martin's - Sirnclure/Repair Funds.. tkv¢lopment Fabric Redecoration Roof Repair Stonework 224 150 816 208 693 224 910 820 910 (150) (208) 693 sub-to￿ls- Fabric (#]).- Si. Martin's - Orher ResÈrieted.. Cooper (Choir Courses) Kneeler Organ Vestment Youth 377 379 156 3,752 149 156 3,768 149 16 Sub-totals: Other(#2).' 18 Si. Martin i summary.. Restricted- Fabric (#1) Restricted- Other {#2) Endowtnent- Curate Endowment- Lloyd EndowmenÈ- Turvill Endowment- Fabric 2,091 4,441 910 (358) 2,647 4,459 18 1,235 67 592 240 (1,235) 189 1,685 256 2,277 240 Sub-totals (#3): 15 39 Separate CharitieN.' George White. 258992 Spratley Trust, 205917 West Lodge. 311976 Sub-tolals {#4): 59.554 366 7,589 2,575 (1,914) (2,500) 65,229 441 St Martin's Sub-totals {#3) Charities Sub-totals (#4) Sunday School. 1002099 St. Martin's Total 8,406 59.920 2,156 13.631 272 910 (1,833) (7.881) 9,639 65,670 132,368 16,059 910 (9,714) 139.623 St. Mary's Fabric Total Restricted Funds 324 13 234 14 Note: Total restricted income including that from inveslmenls.. £16.059 + £1,234= £IL22L (a) Please see Note l O regarding the treatment of income from Endowment Funds. (b) The Sunday School Fund is for Education and Youth purposes. 17

ST. MARTIN'S, DORKING with ST. MARY'S, PIXHAM 10. ENDOWMENT FUNDS PCCEHdowment Funds.. BIFwd Jan I" Net Income Market Value CIFwd l Jnvestment enditure Ad ustment Dec 315t | Jncome Curate Funds: Curate Funds Mrs Lloyd's Bequest Turvill Bequest Sub-Tolol 41,159 2,218 2,842 154 44.001 | 2,372 1,235 67 592 1,894 240 63,115 7,995 349 336 4,359 552 67,474 8,547 349 336 Fabric Fund Legacy Fund (Note 12) The Curate and Fabric Funds derive from legacies, the capital of which is required to be maintained intact. The income derived from the endowed capital is restricted. being only available for spending on the purpose(s) specified in the originating Will or Trust Deed. The investment income from these funds was paid direct to the PCC, and is included in the Statement of Financial Activities in the "Restricted Funds" column - see Note 2(d) above. It is available (and is so used) to defray Clergy costs, or contribute towards Fabric upkeep as appropriate. The only movement on these Endowment Funds during the year was the unrealised gain on these investments of £4.911. The Legacy Endowment Fund is an expendable endowment where initial costs of sale or purchase and any deposit interest were been Included within the fi￿d. io O¢her Char Endowments.. The Cburch is also the beneficiary of certain other Trusts. being separately registered Charities. The investment income is regarded as "Restiicted Funds". in the same way as the PCC Endowments. BIFwd Market Value CIFwd Investment Jan I" Ad ustment Income George White, 258992, Clergy Expenses Spratley Trnsl. 205917, Church & Churchyard Maint West Lodge, 311976. Defray Clergy Costs 190.076 {28,423) 161,653 7,589 83,879 5,388 89.267 2.575 71017 1 21L2L71 Note 2(d). Other charity income total also includes Sunday School investment income of £272. io Totals o the above.. BIFwd Jan 1° Income Market Value enditure ustment CIFwd , Investment Dec31° Income PCC Endowments Other Endowments 420,446 359 879 4,911 425,357 321937 2,l34 18

ST. MARTIN'S, DORKING with ST. MARY'S, PIXHAM 11. PRIOR YEAR DETAILS SOFA 2019 Statement of Financial Activities for 2019 Unrestricted Funds Restricted Endowmet)t Funds Funds TOTAL 2019 Note INCOME & ENDOWMENTS: Donations and Legaci Church aclivilies 2(0) 2(b} 2(e) 2(d) 78,633 5,278 6,765 17,612 14,241 92,874 5,278 9,305 36,433 Other Irading acliviti Investments 2.540 18,821 Other Total 108 288 158 855 EXPENDITURE ON: Churck activities 3(a) 3ib) 3(c) 112,095 8,146 13,231 125,326 8,146 Ra￿IngfundS Oiher Total 120241 158 557 Net income l (expenditure) before investment gains Gains on investment assets (11,953) 12,251 298 O(a.b.c) Net income l (expenditure) before transfers Grossfunds transfers, in Grossfunds iransfers. oul 2,115 12,251 62,480 76,846 Net income l {expendithre) before other gains (losses) Other gains (losses) 2,115 12,251 62,480 76,846 Net movement in funds 2.115 12,251 62,480 76,846 RECONCILIATION OF FUNDS Total Funds blfwd January I. 135,828 127,142 717,845 980,815 Total Funds clfwd December 31" 19

ST. MARTIN'S, DORKING Ivith ST. MARY'S, PIXHAM RESTRICTED FUNDS 2019 BIFwd Investme Jan I" nt Income Other Incon Transfers CIFwd Dec318t ¢ndilure St. Marlin's - StrucÉure/Repair Funds.. Development Fabric Redecoration Roof Repair Stonework 221 (3,670) 810 208 693 224 150 816 208 693 28,905 (25,085) Sub-tolals- Fabric (#l).' St. Martin s- Other R￿(rICled.- Cooper (Choir Courses) Kneeler Organ Veslment Youth 28 091 375 377 155 3.724 149 156 3,752 149 28 Sub-totals.. Other(#2).' St. Marlin's." Restricted- Fabric {#]) Restricted- Other (#2) Endowment- Curate Endowment- Lloyd Endowment- Turvill Endowment- Fabric (1,738) 4,410 28,905 (25.085) 2,091 4.441 31 1.199 64 575 233 (1,199) 125 1,110 189 1,685 233 Sub-totals (#3): Separaie Chariiies.. George White. 258992 Spratley Trust, 205917 West Lodge, 311976 Sub-totals {#4): 54,495 653 9,412 2.525 (4,353) (2,812) 59,554 366 St Martin's Sub-totals {#3) Chllritftes Sub-totals (#4) Sunday School, 1002099 SL Martin's Total 3,907 55,148 63 2,111 16,231 479 28,905 (26.517) (11,459) 340 8,406 59,920 122,958 18.821 28.905 (38.316) 132,368 St. Mary's Fabric Total Restricted Funds 16 Note: Total restricted income including that from investments.- £18,821 + £31,746= £50 5 (a) Please see Note I 1¢ regardtng the treatment of income from Endowment Funds. (b) The Sunday School Fund is for Edu¢ation and Youth purposes. 20

ST. MARTIN'S, DORKING Ivith ST. MARY'S, PIXHAM EIVDOWMENTFUNDS 2019 PCC Eiidowmenls 2019.. B/Fwd Jan I" Net Income Market Value CIFwd ,' Investment endithre Ad ustment Dec 3 1st Income Curate Fund5: Curate Funds Mrs Lloyd's Bequest Turvill Bequest Sub-Total 34,668 1,869 6,491 349 41.159 1 2,218 19738 1 63,115 1 1.199 575 1,838 233 53,162 6.734 349 336 9,953 1,261 Fabric Fund Legacy Fund INote 12) 349 336 1 The Curate and Fabric Funds derive from legacies, the capital of which 15 required to be maintained intact. The income derived from the endowed capital is restricted. being only available for spending on the purpose{s) specified in the originating Will or Trust Deed. The investment income from these fijnds was paid direct to the PCC, and is included in the Statement of Financial Activlties in the "Restricted Funds" column - see Note 2(c) above. It is available (and is so used) to defray Clergy costs, or contribute towards Fabric upkeep as appropriate. The only movement on these Endowment Funds during the year was the unrealised loss on these investments of £l1.214. The LEgacy Endowment Fund is an expendable endowment where initial costs of sale or purchase and any deposit interest were been included within the fund. Other Cliari Endowments 2019.. The Church is also the beneficiary of certain other Trusts, being separately registered Charities. The investment income is regarded as "Restricted Funds", in the same way as the PCC Endown]ents. BIFwd Market Value C/Fwd Investment Jan I, Ad usÉment Dec31, Income George White. 258992, Clergy Expenses Spratley Trust. 205917. Church & Churchyard Maint Wesl Lodge, 311976. Defray Clergy Costs 163,790 26,286 190,076 9,412 71,144 12.735 83,8791 2.525 85924 i Totals o the above 2019.. Blfwd Janl Income Markei Value CIFwd :. Investment enditure Ad'ustment Dec 31" Income PCC Endowments Other Endowments 409,232 308 613 17 11.214 420.4461 51266 359 8791 2 480 780 325 | 2,071 18 21

ST. MARTIN'S, DORKING with ST. MARY'S, PIXHAM 12. OTHER DISCLOSURES Legacy Endowment Fund The proceeds from the Sale of the property bequeathed to the PCC (see the accounts for 2014) were used to purchase a buy-to-let flat in Dorking. Some of tbe residue was used lo meet the Costs of purchase and Initial runnftng Costs. The balance is retained at year end and is available to meet further property maintenance Costs. Letting income and nornial letting expenditure is accounted for within the general fimd. Donations and ex-gratiapaynien15 During the period of olYIce of the PCC members regarded as charity trustees. they or their close family members made donations for general purposes totalling £23,790 during 2020 (2019: £21,790) and a further £ntl in respect of specific collections (2019 nil). This include5 standing order and identifiable envelope giving but not any anonymous open plate donations. Donations made in the calendar month of starting or leaving office as trustee a￿ included in the total. No donations were made with conditions attached which require the charity to alter its existing activities. No ex-gratia payments have been made {2019: nil). No temiination or redundancy payments have been made (2019: nil). LocalAuihority Gran¢s received The PCC receives an annual grant awarded for a three year period in respect of the closed churchyard. This amounted to £2,3(M) in 2020 (2019.. £2,300). Other Grant Jncome The Friends of St Martin's Church Dorklng (Registered Charlty 283966) refunded £669 in respect of an overpayment to them of a VAT refund. In 2019 they contributed £13,939 10 help with costs on fabric developments. Grant expendilure The PCC often gives a grant from restricted Education and Youth fi￿dS to the St Martin's School Dorking Trust to contribute a proportton of the costs of a residential trip for pupil(s). This enabled them to take part. Because of Covid restrictions no trips took place in 2020 and no grant was made (2019: £340). None of the pupils so SUPPOrted have been related to PCC members. OoOoOoO 22