St rnar In'scHURCH DORKING PAROCHIAL CHURCH COUNCIL OF ST IVIARTIN'S CHURCH, DORKING ith ST MARY'S CHURCH, PIXHAM SUMMARY ANNUAL REPORT & COIYSOLIDATED FINANCIAL STATEMENTS for the YEAR ENDED DECEMBER 31" 2021 Incumbent: The Revd Derek Tighe St. Martin's Vicarage, Westcott Road, Dorking RH4 3DN B#nker5: Lloyds Bank Epsom Branch, PO Box 1000 BXI ILT Investment Managers: CCLA Investment Management Ltd. 85 Queen Victoria Stre¢t, Li)ndon EC4V 4ET M&G Charities, PO Box 9038, Chelmsford CM99 2XF Custodian Trustee: Guildford Diocesan Board of Finance, 20 Alan Turing Road, Guildford GU2 7YF Insurers: Ecclesiastical Group, Beaufort House, Brnnswick Road, Gloucester GLI IJZ Independent Examiner: Adam Halsey, Haysmacintyre LLP. 10 Queen Street Place, London EC4R IAG Registered Charlty 1133695
ST. MARTIN'S, DORKING witb ST. MARY'S, PIXHAM TRUSTEES ANNUAL REPORT Objectives and activities The pritnary object of each Parochial Church Council is the promotion of the 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 "15 to co-operate with th¢ minister in promoting in the parxsh the whole mission of the Church. pastoral, evangelistic, social and ecumenical" The St Martin's PCC also has responsibilities for the daughter church of St Mary's, PiAham. Under a Union of Benefice Measure (1960) the parish is liDked to that of St Barnabas, Ranmore which has its own PCC and ts independent. The Bishop of Guildford implemented a Pastoral Order under Section 17 of the Mission and Pastoral Measure 2011 with effect from December 1. 2018. Under this order a Group Ministry was estsblished for the benefices of Dorking with Ranmore. Dorking St Paul, and of North Holmwood St John 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 celebrate and share the love of God for in prayer, reflection and action. by Ikstening, 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 parttcular ecclesiastical type. We try to express ourselves in evangelical, catholic and liberal ways, which welcome 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 seryices that reflects the Christian year and serves all of OUT worshipping community. We strive for worship that is insightful, uplifting and connected to real Ilfe. The development of faith is essential io the life of our Christtan community. We believe in faith as a journey and aim to develop learning opportunities so that people may explore their sptrituality and their relationship wlth God. Chil(tren and young people are an essential part of our life and we want to build good relationships with all our local schools. and especially our church school. We want lo include children and young people 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 ommunity 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 ¢xploring new ways of developing our space to the benefit of our community and those with whom we share our site. We are a committed member of Churches Together in Dorking and a¢tively promote and support the Dorking Area Foodbank and initiatives including the Dorking Community Fridge. We aim to ensure that pastoral care is available to all, not just those with obvious vulnerabilities. We specifically try to make the idea of inclusion real at every level of our life tog¢ther.
ST. MARTIN'S, DORKING Ivith ST. MARY'S, PIXHAM Achievements and performance The year started with a further suspension of physical worship in view of ihe high number of Covid cases locally. Many other churches and cathedrals took the same approach to safeguard worshippe, clergy and support staff. Fortunately levels had dropped sufficiently to allow regular services to resume as from the Ash Wednesday service in February. We continue to take account of government guidance and national church guidelines in our approach. For example we continue to have hand sanitiser available with many taking advantage of this. We also only offer communion in one kind. Congregation sizes remain variable but are smaller than they were with a number of people still being very cautious about coming out and meeting people. However we regularly have visitors at services as well as to the church during the week, some from foreign countries during their visit to Dorking and sutrounding areas. There were more than the usual number of failures of church equipment during 2021. These started with the clock motor in February and continued with the failure of the organ in April. Fortunately the new organ tuner knew someone local who understood the underlying 19605 technology and had a replacement board to swap pending a repair to the original. In connection wtth this some important documentation was found within the organ case. The controls for the lighting hem¢ installed in 1995 failed completely in September which affecled all lighting except in ihe Lady Chapel and Vestries. Fortunately our electrical contractors were able to attend the following day and 'hardwire' some circuits thus byp&8sing the failed system. It was also lucky they were booked tn 2 week later to replace falled bulbs as some further work was done. Detailed discussions ihen started about a ttplacement sysl¢m to incoOrate LED fittings which will lower eleclricity consumption- important anyway but especially with rising energy prices. Some investigation work was undertaken on the church floodlighting. It was possible lo get two units to work again but replacement parts are needed for the remainder. We are looking for external funding for this. Our small 'ero group, continue to Promote environrnental topics, especially the churchyard. In onjunction with the tree officer from Mole Valley Council a short tenn action plan was agreed leading to pruning of two trees and the planting of a new one. We remain most grafeful for the help of "Rotary" people to maintain this each spriThg. No safeguarding issues have been reported during the year and subsequently. We are grateful for the work of our safeguarding office, Anne Whibberley, for keeping in louch with the changing requirements. The PCC agreed that. baving regard to Charity Commlssion recommendation, its members should undergo DBS checks and these have been carried out. A key challenge is ongoing, namely growing our congregation, numerically and in faith. In this connection plans continued for Nnning an Alpha course. The plan for early 2022 was deferred until later in the year but then deferred again because only one person had expressed an interest shortly beforehand. Many people are involved in keeping each of the two churche5 going and not just for and during services. During lockdowns the work of the pastoral ieam has been particularly importanL To all of our volunteers a very big'thank you" for what you do and for sharing the workload. On June 24, 2022 it was announced that the Incumbent would be leaving the Parish at the end of August 2022. Discussions hav¢ started with various senior people within tfftie Diocese on the way forward for the Parish.
ST. MARTIN'S, DORIaNG Ivith ST. MARY'S, PIXHAM Structure* governance and management The Parochial Church Council (PCC) is a corporate body established by the Church of England. The PCC operates under the Paroehial 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 members is governed by the chUh Representation Rules. The 2004 APCM agreed that there should an extra lay place for a representative from the daughter ¢hur¢h of St Mary's, Pixham. The PCC Complies with Guildford Diocesan requIrneAts with regard to safeguarding issues and risk assessment. Training in connection with the lalest national church safeguarding requirements Is ongoing. Our safeguarding statements continue to bring together Angli¢an and Methodist best practice. The PCC complies with statutory requtremenls with regard to employment, access and health and safety. Under a 1973 Agreement. the Church Building is shared with the Dorking Methodists, and there ts a parallel agreement with the Dorking Methodists for sharing use and responsibtlities for the Christian Centre. Under the current financial arrangements. each denomination is liable to pay a notional £100 per annum to the other for the use of its facilities. The Sharing Agreements are being reviewed following the closure of the Dorking Methodist Church as from September 1 ' 2021. Unlil this is complete it is intended that the arrangemenls Continue in the same spirit as before. This is important as the Centre was fomied from the Parish Hall and is used in this way for church events. During 2021 there were three meetings of the Joint Church Council established under the Sharing Agreement. The PCC and the Incumbent share the responsibility for taking forward the work of the parish. During the calendar year 2021, the PCC Standing Committee met twice and the full PCC also met seven times. Reference and administrative details These details ate shown on the cover page and on page 5. Financial Review 2021 These accounts are consolidated financial statements of St Martin'5 chUh with its daughter church of St Mary's Pixham and a number of related separate chartties. A simple summary shows: Charity l Fund St Martin Unrestricted Restricted Endowment Total 121,994 98,287 436,288 656569 Other Charities 71,544 364.219 435,763 St Mary 24.745 8.260 33,005 TOTAL 146,739 178,091 800,507 1,125,337
ST. MARTIN?S, DORKING Ivith ST. MARY'S, PIXHAM St Martin's Church general fimd small surplus of £830 masks Ihe underlying situation. The churcli received an unexpected windfall in the forni of a legacy from Jean Lawrence. With £25K allocated to gen¢rnl expenses. the underlying defjcit was wiped out for 2021. The report above refers to a number of equipment failures in 2021.. their repairs cost over £3K. The extensive and detailed quinquennial inspection cost a fijrther £IK. The investigation into failures of the floodlRghting cost nearly £IK and identified that expendItte of nearly £4K including VAT is needed to bring it back into 11 operation. The balance of the Lawrence legacy was allocated for fabric exp¢nditUT¢ given the need for a new lighting system as well as new boilers at an estimated total cost of some £60K~£80K plus VAT. IÉ should be possible to obtain a grant to cover the VAT under the Listed Places of Worship Scheme. Both of these will Tesult in a more eco-friendly church and reduce the exposure to the alarniing energy price increases. The Friends of Sl Martin's have been asked for a contribution. It is likely that some of the market linked investments will need to be sold In 2022 to meet the ongoing deficits, however this will cut the income they generate. The challenge is to conduct the sale when the market 15 near a high point. Parish share for 2021 increased over that requested for 2019 and 2020 and an in¢Teased aTnount is due for 2022 despite Ihe smaller congregations. The number people paytng by standing order continues to reduce but we are most grateful to those who contribule in this way. The full amount of parish share requested for 2021 was paid during the year: the nutter of the unpaid element relating to 2011 (£23K) remains open with the Diocese and is not included in the figures shown in the a¢couuts We remain most grateful to Friends of St M#rtin'$ (a separate registered charity number 283966) for their continuing support in undertaking works and providing funds for projects for Éhe upkeep of¢hurch fabric. In particular they paid for the replacement red carpet in front of the chancel. It rematns the case that routine intenance items should nonnally be funded from the church's own resources. St Mary's Church Pixham also made a small SUTplus on generdl funds of £2.008. Fund Taising continued to build up reserves for the fabric repairs identified in the quinquennial. Unlike St Martin's there is no 'Friends' organisation to provide funds. Covid-19 led to the periodic closures of both churches, with a loss of "open-plate" and wall- safe income as well as that from hiretE. The financial outlook remains uncertain though the number ofweddings and concerts is now increasing.
ST. MARTIN'S, DORKING with ST. MARY'S, PIXHAM Administrative Details Charity Registration The PCC registered with the Charity Commission in January 2010. number 1133695. Th¢ separate Vicar and Churchwarden Charities contributing to the consolidated a¢¢ounts are listed in Accounts Note l(g) on page 10. Membership of the PCC Members of the PCC are eitber ex officio or elected by ihe Annual Parochial Church Meeting (APCM) in accordance with the Church Representation Rules. In the year starting January 1" 2021, and until the approvaI of the Annual Report and Financial Statemerkts for 2021, the following served as member5 of the PCC.. Incumbent: Rev'd Derek Tighe Veronica Watts Nick Hands-clarke Note I Churchwardens: To January 2022 Note 3 Deanery Synod: Canon Peter BInve1S Nick Hands-clarke Note 2 Note 3 PCC Treasurer LLM (Reader): Pixham Rep.. Elected Members: Chris Watts Julte Mellows Nole 4 Diana Burges Christine Francis Mike Gibb Christine Lawrence Judy Peace Alan Roome Brian Smith Di Sutherland Anne Whibberley Robina Williams To May 2021 PCC Secretary To June 2021 To January 2021 To January 2021 The Incumbent and the Churchwardens are regarded as the people in key management positions. Until September 2020 Peter Bunn was a trustee. with others including the Incumbent, of the separate Friends ofst Martin's charity. Nole l.. Rev'd David Cowan and Rev'd Stuart Peace have PTO status. Note 2.. Canon Peter Bruinve15 serves on General Syni)d and (ex-officio) on Diocesan and Deanery Symods. Nole 3.. Nick Hands-clarke also serves on Diocesan Synod. Note 4.. The Pixham Representative has not acted as a Charity Trnstee. Approved by the PCC on 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 lo the Irusleas on my examination of the accounts of the Parochial Church Council of St Marknn's. Dorking with Sl Mary's Church. Pixham lthe'PCC'I lor th¢ year ended 31 Decomber 2019. Responsiblllties 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 I'the Act'l. I report in respect of my examination of the PCC'S accounts carrled 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{5llbl of th& Act. Independent examinerfs statement I have completed my examination. I confimi that no material maiters have come lo my attentlon In connection with the examination givillg me cause lo 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 fom) and content of accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other than any reouiremenl that the accounts give a 'lrue 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 wth the examination to which attention should be drawn in this report in order lo enable o proper understanding of the o¢counis to be reached. Adam Halsey FCA Haysmacintyre LLP. 10 Queen Street Place London EC4R IAG Date 31 st October 2022
ST. MARTIN'S, DORKING with ST. MARY'S, PIXHAM Statement of Financial Activities For the year ended 31, December 2021 Unrestricted Restricted Endowtnent Funds TOTAL 2021 TOTAL 2020 INCOME & Er4DOWMENTS: Donations andLegacies Church aclivities 92.339 5,692 5,480 17.788 25.627 117,966 5.692 6.080 34,669 72,633 5.112 3.289 33,845 2(b) Oiher Irading acttvities Investmenls 600 2(d) 16.881 Oiher Total 124 802 167 910 120 047 EXPENDITURE ON: Church aclivilies 3(a) (114,430) (11,989) (7,534) (126,419) 1 (119.457) (7,534) 1 (6.925) Raisingfunds Other 3(e) Total 133 953 126 382 Net income l (expenditure) before investment gains Gain5 on investment assets 2,838 31,119 33,957 | (6.335) 5(a.b.c) Net movement in funds 16.550 31.119 53.213 100,882 (33,206) RECONCILIATION OF FUNDS Total Funds blfivd January I" 130,189 146,972 747,294 1,024.455 1,057,661 Total Funds clfwd December 3 I" 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 income and expenditure derive from continuing activities. The comparative fund analysis for 2020 is given in note 10(a).
ST. MARTIN'S, DORKING Jvitb ST. MARY'S, PIXHAM Balance Sheet at 31" December 2021 Unrestricted Resiri¢ted Endowment Funds Funds Funds TOTAL 2021 TOTAL 2020 Note FIXED ASSETS Investment Property Investments 340.000 340,000 1 340.000 560 246 ,: 493 321 109 075 TotalfL¥ed ossels 109 075 791 171 900 246 , 833 321 CURRENT ASSETS Debtors and prepayments Investments (short teTm) Cash at bank and in hand 2,421 25.468 437 2.858 2.736 30.809 30.792 201280 1 167 000 5,341 172 313 Total eiirren¢ assels 47,520 178,091 9,336 234,947 200.528 LIABILITIES Creditors.. due in l year ]Ve¢ ciirrenl assets less liabililies 37664 178 09 9336 1. tal 146 739 178 1 80050 Unreslri¢led Resiricted Endowment Funds Funds Funds TOTAL 2021 TOTAL 2020 CHARITY FUNDS Unrestricted Funds: General Fund Legacy Fund Restricted Funds 146,039 700 146.039 129,489 700 178,091 178,091 146,972 Endowment Funds.. pcc Other Charity 5(a.b) 5(c) 436,288 364,219 436,288 364,219 425,357 321.937 The notes on pages 9 to 22 forni part of these financial statements. The accounts were approved by the Parochial Church Council on 2022, and signed on its behalf by
ST. MARTIN'S, DORKING wlth ST. MARY'S, PIXHAM Notes to the Flnancfial Statements for the year ending December 31 2021 I. ACCOUNTING POLICIES l(a) Basis of Financial Statements The PCC is a public benefit entity within the meaning of FRS102. The financial statements have been prepared under the Charities Act 2011 and in accordance with tbe Church Accounting Regulations 2006 governing the individual accounts of PCCS, and with the Regulations true and fair view, provisions. They have been prepared under FRS102 (2019) as the applicable accounting standard5 and the 2019 version of the Statement of Recommended Practice, Accounting and Reporting by Charities (SORP(FRS102)). 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 are infornial gatherings of Church Memb5. These financial statements include the financial results and Trds 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. Church does not have any separate Endowtnent Funds. Following the practice started for 2006, these statements consolidate the account5 of other Charities under the control of the Vicar and Churchwardens which support the work of the PCC and its public benefit. Judgements made by the Tmstees. in the application of these accounting policies that have significant effect on the financial statemenls and estimates with a significant risk of material adjustment in the next year are deemed to be in relation to the valuation of investments and are discussed below. l(b) Going Concern The TnteeS consider there are no material uncertainties about the Charity's ability to continue as a going concem. The review of our financial positiotL reserves level and future plans gives Trustees confidence the Charity remains a going concern for the foreseeable future. l(c) Fund Accountlng Endowmentfunds are funds, the capital of which must be retained either pemianently or at the PCC'S discretion. the income derived from the endowment is to be used either as restricted or unrestricted income funds depending upon the purpose for which the endowtnent was established in the first place. Restricledfunds comprise (a) income from endowments which is to be expended only on the restricted purposes intended by the donor, and (b) revenue donations or grants for a specific PCC activity intended by the donor. Where these funds have unspent balances. interest on their pooled investment Is apportioned on an average balance basis. Unrestrictedfunds are income funds which are to be spent on the PCC'S general puryx)ses. l(d) In¢ome Planned giving, collections and similar doThation5 are recognised when received. Tax refunds are Tecognised when the incoming resource to which they relate is received. Grants and legacies are accounted for when the PCC is legally entitled to use ofthe resources, their ultimate receipt is considered probable and the atnounts due are reliably quantifiable.
ST. IKARTIN'S, DORKING with ST. MARY'S, PIXHAM Dividends are accounted for when declared receivable, interest as and when accrued by the payer. Clain]s for refunds of VAT under the Listed Places of Worship Scheme are accounted for when the amount of refund is known. All incoming resources are accounted for gross: this Includes property income which is received from the letting agent net of nwiagement fees and minor iepaits carried out through them. l(e) Expenditure Grants and donations are accounted for when paid over, or wben awarded if that award creates a binding or constntctive obligation on the PCC. The Diocesan Parish Share expected to be paid over is accounted for when due. All other expenditure is generally recognised when it is InCued and is accounted for gross. l(Q Fixed Assets Consecrated and benefjced property is nol included in the accounts in accordance with the provisions of s.10(2)(a) and (c} of the Charities Act 2011. Recent policy bos be¢n for indtvidual items with a purchase pri¢e of less than £1.500 to be written off in the year in which the expenditure is incued. Othenvise the equipment would be depreciated on a straight line basis over 3 to 5 years. l(g) Consolidation of Separate Charities These accounts continue to consolidate the finances of four Separately registered charities under the control of ihe Vicar and Churchwardens for the benefit St. Martin's. This first took place in 2006. The four charities are.. George White 258992. Endowment Spratley Twst 205917, Endowm¢nt West Lodge 311976, Endowment Sunday School 1002099, Restricted Both the George White and the Spratley Trust have unspent investment income: this is included in the accounts as part of Restricted funds. l(h) Investment5 Quoted investments are included in the financial statements at market value at the balance sheet date. Where "bid" values have been provided these have been used rnther than "mid-market" ones as this is the value that would be obtained if the investlnent were sold. Clergy Expenses Church and Churchyard Maintenance Clergy Costs Education & Youth Realised and unrealised gains and losses on revaluation and disposals occurring in the year are reported in the statement of financial activities. The investment property is shown at its purchase price when bought in July 2016. l{1) Financial instruments Basic fmancial instruments are initially recognised at transaction value and subsequently measured at amortised with the exception of investments which are held at fair value. Finan¢ial assets held at amortised cost comprise cash at bank and ITr hand, together with 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 instanl access bank accounts and used as w01ng capital. Financial liabilities held at anlortised cost comprise all creditors except social security and other taxes and provisions. 10
ST. MARTIN'S, DORKING with ST. MARY'S, PIXHAM Ili) Debtors Trade and other debtors are recognised at tbe settlement 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 An hand Cash at bank and cash in hand includes cash and short term highly liquid investments. 10) Creditors and provisions Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the tratEsfer of fvnds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are nonnally recognised at their settlement amount after allowing for any trade discounts due. l(m) Estimates and Judgemellts Estimates and judgements are continually evaluated and are based on htstorical experience and other factors, includ&ng expectations of future events that a believed to be reasonable under the circumstances. Although these estimates are based on the tstee'S best knowledge of the amount. events or actions, actual results ultimately differ from these estimates. The Trustees do not consider there to be any material estimates and judgements.
ST. MARTIN'S, DORKING with ST. MARY'S, PIXHAM Endow- Jnellt Funds 2. INCOME & ENDOWMENTS Unrestricted Restricted Funds Fund TOTAL 2021 TOTAL 2020 2(a) Donations and Legaci Planned giving.. Donations Tax recoverable Collections (open plate) Charity speciflc collections Donations etc Friends of St Martin's Mole Valley I£gacies 46.812 12,044 2,498 537 3,148 46,812 2,355 2,498 537 3,464 48,176 12,621 2,308 311 316 5,496 669 2,300 2,300 2,300 117966 1 2(b) Irtcomefrom church activitiey Church Magazine PCC fees for weddings etc Other activities 3.469 2.123 100 3.469 2.123 loo 3.605 1.492 15 2(c) Other trading aclivilies Event5 Hire of St. Martin's Ilire of Pixbam 200 995 600 800 995 292 38S 600 080 2(d) Incomefrom investments Unrestricted fund- General Unrestricted fund- Legacy Unrestricted fund- Property Restricted ndS (Note 8) PCC Endowments (Note 9) Otlier Charities (Notes 8,9) 2,788 2,7881 2,808 15.000 15,000 1 14,975 22 2.134 2.209 2(e) Oiher HMRC JRS Grant VAT Refund, LPOW 3,503 3,503 5,168 Total income: 124,802 43.108 167,910 120.047 Total oypendilure (see note 3).. 121.964 11.989 133,953 126,382 Ineoine les$ 4ypenditiire 2,838 31,119 33,957 ', (6,335) 12
ST. MARTIN'S, DORKING with ST. MARY'S, PIXHAM Endow- ment Funds 3. EXPENDITURE Ur¢Stricted Restricted Funds Funds TOTAL 2021 TOTAL 2020 3{a) Chttrck actiyiti Missionary & Charitable: OverJeeas Chur¢hes Home Missions & Other Mtnistry.. Parish Share Vicarage & Parsonage Expenses & VisAting Church running expenses Church{yard) maintenance Choir, Organists & Music Sanctuary Outreachlworshiplyouth SUB-TOTAL Office costs & Administrator Governance 536 65,361 875 536 70.468 1 875 37 13,891 12,433 8,738 532 783 1 5,107 67,601 176 1.372 13,090 11.652 9.718 275 135 37 13,891 3,989 8,738 532 450 98.710 14,460 9,583 2.406 108,293 16,866 104.019 14,178 114430 126 419 119457 3(b) Fund raisEng costs Church Magazine Property expenses 1,850 1,850 1,606 3{c) Oiher Fabric Developments Refund to Friends re VAT Total expenditure 121,964 11,989 133,953 126,382 13
ST. MARTIN'S, DORKING with ST. MARY'S, PIXHAM 4(8) STAFF COSTS TOTAL | TOTAL 2021 2020 Salaries, Tax, National Insurance and Pension Contributions included in Expenditure, Note 3 above IL1 J£ During the year St. Martin's employed part time Church Administrators and a new Director of Music. St. Mary's was supported part time by a pianist and a cleaner, for which honoraria were paid. Together these appointments equate to less than one full time employee. None of these people eamed £15,000 per annum or more. The George White Trust contributed £2.406 towards administration costs (2020.. £598). Claims were submitted under the Government's Coronavirus Job Retention Scheme and £3.503 was receiv (2020.. £5.168). Staff continued to be paid in full. A defined contribution pension Scheme with Nest has been seknp lo meet obligations under Auto Enrolment. No-one has been paid at a level requiring enrolment but two people were opted in during 2020. Employer pension contributions totalling £280 were paid and this atnount is included in the above total (2020-. £180). Accrued but not-taken holiday entitlement at the end of 2021 amounted to thTee days (2020 four days): being insignifEcant no adjustments for this have been made in the accounts. The key management personnel comprise the incumbent and churchwaTdens. The incumbent is paid by the national church at a salary set and Teviewed annually by the Diocese of Guildford. The Churchwardens are unpaid volunteers. Thus the total remun¢ration paid to the personnel is nil (2020-. nil). Many people volunteer their services to support the work of the church. It 15 impTa¢tical 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 immaterial portion of the expense5 paid to the Incumbent may have related to his services as Chairman 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 fee5 in relation to funeralslweddings but no payment as a member of the PCC. No other payments or expenses were paid to any other PCC member. persons closely connected to them or related persons. An unquantifiable amount of expenses may be unclaimed being regarded as a donation to the work of the church. It is not felt that tbe value of these is significanl. 14
ST. MARTIN'S, DORKING wlth ST. MARY?S, PIXHAM 5. FIXED ASSETS Pro Investment From a 2014 bequest: Flat at 64 Hill View, Dorking bought 2016 Unrestricted Restricted Endowrnent Funds Funds Funds Book value l January 2021 Book value 31° December 2021 See also notes 9(a) and 11. InveslmentAsse(s Note 9a l Unrestricted Restricted Endowment Funds Funds Funds Invesled wilh the Cenlral Board ofFinance." No. of Shares Cosl Curatelclergy Funds Mrs Lloyd Bequest Turvill Bequest Fabric Fund 2,152 1.177 62 1,106 37 50,328 2,713 24.135 9,776 1.032 418 V&CW General 4,064 Market Value 1° January 2021 Unrealised gains (losses) in Market Value Market value 31" December 2021 95,363 76,021 Other Chari Investments.. Note 9b l Unrestricted Restricted Endowment Funds Funds Funds Invesled wilh CCLA or M&G Charifvnd.. No. of Unils / Shar 5,934 715 10,228 Cost George White, CCLA George White. CCLA George White, M&G Tolal 7,864 14,683 159 168 181,715 101,986 Spratley, CCLA West Lodge. M&G 4,966 5.174 4,713 nknown Market Value I" January 2021 Net unrealised gains (losses) in Market Value Market value 31° December 2021 321,937 15
ST. MARTIN'S, DORKtNG Tvlth ST. MARY'S, PIXHAM 6. ANALYSIS OF LIABILITIES, DEBTORS AND PREPAYMENTS Unrestricted Restricted Endowrnent Funds Funds Funds Debtors and prepayments: Tax recoverable Other debtors Accrued interest (George White) Prepajinents Tot21 Ltabililies.. Accruals for utilities etc Income in advance Total 1,176 1,245 435 437 9,010 846 7. UNRESTIUCTED FUNDS BIFwd Jan I" Transfers Out Gainsl sses C/Fwd FIiAds 2021 lllu)me St. Martin's Generdl St. Mary's General Total General 106,753 118,506 (117,679) 13,712 121,292 129.490 124.799 {121.964) 699 13.712 146,037 702 St. Martin's Legacy 24 12 Note: BIFwd Jan I, eiIn enditUTe Transfers OLTt Gainsl losses Cffiwd Dec 315t Si. Martin's Total (General + Legacy) Si. Mary's 107,452 830 13,712 121,994 22.737 2.008 24, 745 B/Fwd Janl Transfers Out Gainsl losses CIFwd Fuitds 2020 Inc ndsture St. Martin's General St. Mary's General Total General 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 Note: B/Fwd Transfers Gainsl CIFwd De¢31s en St. Martin's Tolal (General + Legacy) Si. Mary's 118,281 (J6,989) 6,160 107,452 19.662 3.075 22,737 16
ST. MARTIN'S, DORKING Jvith ST. MARY'S, PIXHAM 8. RESTRICTED FUNDS 2021 St. Martin's- Stnielure/Repair Funds.. Development Fabric Redecoration Stonework BIFwd InvestTE]ent Other TransfeTS ctFwd 224 910 820 693 224 24,660 820 693 25,000 (1.250) Sub-totals- Fabric (#]).' St. MarÉin s - OÈherRestricted.. Cooper (Choir Courses) Kneeler Organ Vestment Youth 379 379 156 3,768 149 156 3,770 465 316 Sub-totals: Other(#2).' 316 St. Martin s sumnry.. Restricted- Fabric (#]) Restricted- Other (#2) Endowment- Curate Endowment- Lloyd Endowment- Turvill Endowment- Fabric 2,647 4,459 25.000 316 (1.250) 26,397 4,777 1,279 69 613 248 (1,279) 256 2277 325 2,890 248 Sub-totals (#3)'. Separate chariti.. George White, 258992 Spratley Trust. 205917 West Lodge. 3 k1976 Sub-totals (#4): 65,229 441 8,181 2,626 (2,443) (2,490) 70,967 577 Overall Totals: St Martin's Sub-totals (#3) Charities Sub-totals (#4) Sunday School. 1002099 SL Martin's Total 9,639 65,670 2.211 14,636 34 25.316 (2.777) (8,762) 450 34.389 71,544 139,623 16,881 25,316 {11,989) 169.831 SL Mary'5 Fabric Total Restricted Funds 1gA211 2L2L7 911 Note: Total restricted income including that from investrnents= £16,881 + £26.227 = (a) Please see Note 9 regarding the trealment of income from Endowment Funds. (b) The Sunday School Fund is for Education and Youth purposes. (c) Investment income is shown as £0 Whe the Amount r¢ceived was much less than £1. (d) The comparative analysis for 2020 is given in nole 10(b). 43 17
ST. MARTIN'S, DORKING with ST. MARY'S, PIXHAM 9. ENDOWMENT FUNDS 2021 The comparative analysis for 2020 is given in note 10(c). PCCEndoivnieni Funds.. BIFwd Net Income Market Value CIFwd Investment Janl" Adustment Dec318t', endtture Income Curate Funds: Curate Funds Mis Lloyd's Bequest Turytll Bequest Sub-Total 44,001 2.372 6,327 341 50,328 5 1,279 69 613 1.961 248 67.474 8,547 349 336 9.702 1,229 77.176 | 9,776 | 349 336 Fabric Fund Legacy Fund Wote 11) The Curate and Fabric Funds derive from legacies, tbe capital of which ts required to be maintained intsct. The income derived from the endowed c2pital is restricted, being only available for spending on the PUTpose(s) specified in the originating Will or Trust Deed. The investment income from these nds was paid direct to ihe 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 ¢ostS, OT contribute towards Fabric upkeep as appropriate. The only movement on these Endowment Funds during the year was the unrealised gain on these investments of £1 0,931. The Legacy Endowment Fund is an expendable endowmenl where initial costs of sale or purchase and any deposit interest were been included within the nd. Other Chari Endowiiients.. The Chur¢h is also the benefi¢iaiy of ¢ert2in other Trusts, being separately registered Charities. The investEnent income is regarded as "Restricted Funds" in the Same way as the PCC Endowments. BIFwd Market Value C/Fwd ,' Investment Jan I" Ad'usthlent Dec 31" Income George White, 258992. Clergy Expenses Sprdtley Trust, 205917, Church & Churchyard Maint West Lodge. 311976. Defray Clergy Costs 161,653 20.063 181,716 8.181 89,267 12,718 101,985 2.626 Note 2(d), Other chartty income total, also includes Sunday School investment income of £34. Totals o Éhe above." B/fivd Jan I, Income Market Value CIFwd :. Investment ¢nditure Ad-ustment De¢ 31, Income PCC Endowments Other Endowments 425.357 321937 10.931 436.288 2.209 18
ST. MARTIN'S, DORKING Ivith ST. MARY'S, PJXHAM 10. PRIOR YEAR DETAILS SOFA 2020 Statement of Financial Activities for 2020 Unrestricted Restricted Endowment Funds Funds Funds TOTAL 2020 Not¢ INCOME & ENDOWMENTS: Donations and Legacies Church aclivilies 2(a) 2fb) 71,649 5,112 3,039 17.786 984 72.633 Other trading activities InlMentS 250 3.289 33,845 2(d) 2(e) 16.059 Other Total 102 754 120 0471 EXPENDITURE ON: Church activities 3{a) (109,743) (9,714) 3(b) (6.925) 3(c) (119,457) (6,925) Raisingfvnd Other Total 116668 12 Net ineome / {expenditure) before investment galns Gains on investment assets (13.914) 7,579 (6,335) Net movement in funds (7,754) 7,579 (33.031) (33.206) RECONCILIATION OF FUNDS Total Funds blfivd January I 137.943 139.393 780,325 1.057.661 ToÉal Funds clfwd December 31 19
ST. MARTIN'S, DORKING with ST. MARY'S, PIXHAM io RESTRICTED FUNDS 2020 Si. Martin's - SÈrncture/Repair Funds.. Development Fabric Redecoration Roof Repair Stonework BIFwd Investment Other Income Transfers Cwd ¢31 endire 224 150 816 208 693 224 910 820 910 (150) (208) 693 Sub-totals." Fabric (#/).' St. Martin s - Other Reslricled.. Cooper (Choir Course5) Kneeler Organ Vestment Youth 091 47 377 379 156 3,752 149 156 3,768 149 16 Sub-totals: Other(#2).' Si. Martin's summary.. Restricted- Fabric (#]) Restricted- O¢her (#2) Endowment- Curate Endowment- Lloyd Endowment- 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): Separate Charilies.. George White, 258992 Spratley Trust, 205917 West Lodge, 311976 Sub-totals (#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. Martlll'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 Fabrlc Total Restricted Fund5 324 Note: Total restricted tncome including that from investments: £16.059 + £1,234= £17 29 (a) PKease see Note 10(c) regarding the treatment of income from Endowment Funds. (b) The Sunday School Fund is for Educatton and Youth purposes. (c) Investment income is shown as £0 where the amount received was much less than £1. 20
ST. MARTIN'S, DORKING with ST. MARY'S. PIXHAM ENDOWMENT FUNDS 2020 PCC Endowin£nts 2020.. BIFwd Net Income Market Value CIFwd ,, Investment Janl" Ad'ustment Dec31st nditure Income Curate Funds: Curate Funds Lloyd's Bequest Turvill Bequest Sub-Tolal 41,159 2,218 2,842 154 44,0011 2,372 1,235 67 592 1.894 240 63.115 7,995 349 336 4.359 552 67,474 8.547 349 3361 425 3571 Fabric Fund Legacy Fund (Nole Jl) The Curate and Fabri¢ Funds derive from legacies, the capital of which is required to be maintained intact. The income derived from the endowed capital is restrictd, being only available for spendiDg 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{c) above. It is available (and is so used) to defray Clergy costs, or contribute towards Fabric upkeep as appropriale. The only movement on these Endowment Funds during the year was the unrealised gain on these investments of £4,91 l. The Legacy Endowment Fund is an expendable endowment where initial Costs of sale or purchase and any deposit interest were been includ¢d within tbe fund. Other Chari Endownients 2020.. 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 Endowments. BIFwd Market Valuc C/Fwd i Investment Jan I. Ad'ustment Dec31 1 Income George White, 258992, Clergy Expenses Spratley Trust. 205917. Church & Churchyard Maint West Lodge, 311976, Defray Clergy Costs 190,076 (28,423) 161.653 1 7,589 83,879 5.388 89,267 2,575 63 ToÉals o the above 2020.. BIFwd Jan I" Income Mark¢t Value C/Fwd I Investment enditure Ad ustment Dec 31" Income PCC Endowments Oiher Endowments 420,446 359 879 4,911 425,357 321937 2,134 15 21
ST. MARTIN'S, DORKING Ivith ST. MARY'S, PIXHAM 11. OTHER DISCLOSURES Legacy Endownieni Fund The proceeds from the sale of the property bequeathed to the PCC (see ihe accounls for 2014) were used to purchase a buy-to-let flat in Dorking. Some of the restdue was used to meet the costs of purchase and initial running costs. The balance is Tetained at year end and is available to meet further property maintenance costs. Letting income and nonnal letting expenditure is accounted for withtn the general fund. Donations aAd ar-gruÉiapayiiients During the period of office of the PCC members regarded as charity trustees, they or Iheir close family members made donations for general purposes totalling £23,790 during 2020 (2020: £23.790) and a further £nil in respect of specifjc collections (2020 nil). This in¢ludes standing order and identifiable envelope giving but not anonymous open plate donations. Donations made in the calendar month of starting or leaving offjce as trustee are included in tbe total. No donations were made with conditions attached which require the Charity to alter ils existing activities. No ex-gratia payments have been made {2020: nil). No terniination or redundancy payments have been made {2020- nil). LocalAuthority Grant$ reeeivéd The PCC receives an annual grant awarded for a three year period in respect of the closed Churchyard. This amounted ÈO £2,300 ID 2021 (2020.. £2.300). An applicatton will be made later in 2022 for grants for the next three year period stsrting 2023. Otlter Graiii Inctsine The Friends of St Martin's Church Dorking (Regtstered Charity 283966) provided funds totalling £nil to help wtth costs on fabric developments (2020: £669). Granl eypendilure The PCC often gives a grant from restricted Education and Youth funds to the St Martin's School Dorking Trnst lo contribute a proportion of the costs of a residential trip for pupil(s). This enabled them to take part. A contribution of £450 was patd in 2021 (2020.. nil, no trips took place). None of th¢ pupi15 50 supported are related to PCC members. OoOoOoO 22