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2020-12-31-accounts

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Horley PCC

ANNUAL REPORT AND FINANCIAL STATEMENTS OF THE PAROCHIAL CHURCH COUNCIL

for the year ended 31 December 2020

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Name – The Parochial Church Council of the Ecclesiastical Parish of Horley Registered number – 1133737

Parish address

The Parish Office St Bartholomew’s Church Church Road Horley

Tel: 01293 782218

Clergy

Team Rector – Rev Canon Les Wells 4 Russells Crescent Horley

Team Vicar – Rev Naomi Ngururi St Wilfrids Vicarage Horley Row Horley

Curate – Rev Sue Bosley St Francis Vicarage Balcombe Road Horley

Lay staff

Clergy PA

Sue Middleton

Independent Examiner

Janice Roberts FCCA 3 Yew Tree Court Yew Tree Close Horley

Banker

Lloyds TSB Horley Branch High Street Horley

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ANNUAL REPORT FOR 2020

STRUCTURE, GOVERNANCE AND MANAGEMENT

Background

Horley Parochial Church Council (PCC) has the responsibility of co-operating with the clergy in promoting the whole mission of the Church of Christ within the ecclesiastical parish of Horley. The PCC is also responsible for the maintenance of our buildings, which include the historic church of St Bartholomew’s, St Wilfrid’s Church, St Francis Church (‘the Churches’) and the vicarages for St Wilfrid’s and St Francis. The Team Rectory is classed as Parsonage Housing by the Diocese of Southwark.

Each of the churches has its own District Church Council (DCC) which has delegated authority from the PCC for the running of their respective church. Income and expenditure which relates to the individual churches is controlled by the DCCs. Central parish expenditure is financed by a contribution from each church.

Members of the PCC are elected by the individual churches at the annual church meetings and ratified at the Annual Parochial Church Meeting (APCM).

PCC membership following the APCM 2020

Ex Officio Members

Rev Canon Leslie Wells – Team Rector Rev Naomi Ngururi – Team Vicar Rev Martha Mutakani – Associate Priest Sue Bosley – Curate Thiru Jesudason – Parish Warden – St Barts Dirk Douglas – Parish Warden – St Barts Ken Meech – Parish Warden - St Wilfrids Peter Horder – Parish Warden – St Wilfrid’s Lester Sonden – Parish Warden St Francis Anastassia Johnson – co-opted as Secretary Penny Lochead – Reader and Deanery Synod Tim Hill – Reader Steve Whitcher – PCC Treasurer

Elected Members

Guido Guanzetti – St Barts Gavin Lambert – St Barts Sue Lunn – St Barts, Deanery Synod Mandy Hill – St Barts and Govenor at Trinity Oaks Roger Kidd – St Francis Chikaebere Orji – St Francis Cathy Mowatt – St Wilfrids Lorna Meech – St Wilfrids, Deanery Synod Sally Horder – St Wilfrids, Deanery Synod

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The following changes were made to the above list during the period from the 2020 APCM to the date of this report:

Resigned – April 2021

Rev Martha Mutakani – Associate Priest

Elected at APCM on 26 April 2021

Scott Coe – PCC Treasurer Victoria Naish Gordon – Secretary

Resigned at APCM on 26 April 2021

Steve Whitcher – PCC Treasurer Anastassia Johnson – Secretary

Membership

Members of the PCC, who are also Trustees for the purpose of charity law, are either elected by each of the three churches at their respective annual meetings and confirmed by the Annual Parochial Church Meeting in accordance with the Church Representation Rules, or serve as ex officio members. The PCC can also exercise its right to invite co-opted members as it deems fit.

The training of new PCC members is on-going and information is cascaded to them from the Diocese, the Deanery, the Clergy, the Churchwardens and Treasurer as appropriate.

Committees

The PCC operates through three committees that report to the main meeting from time to time.

Standing Committee

This is the only committee required by law. It exists to transact the business of the PCC between meetings and may form the agenda for meetings of the PCC.

Treasury Committee

This is comprised of the Team Rector, the PCC Treasurer and the Treasurer of each of the Churches. It exists to oversee the finances of the parish as a whole and meets as necessary. Between meetings, there is email communication between the members of this committee.

Churchyard Committee

This comprises several members co-opted by the PCC, together with two Horley Town Councillors. It oversees the maintenance of the churchyard on Church Road. Reports are made to the PCC by its coopted members. The Town Councillors report to the Local Authority which provides the PCC with a grant for the maintenance of the Churchyards.

OBJECTIVES AND ACTIVITIES

As a Parish within the Church of England's Diocese of Southwark, the Churches exist for the benefit of its wider community as well as for those who form part of its week-by-week worshipping community.

One of our key objectives is to serve Horley with the love of Christ. Throughout the week we seek to serve the town in which we are based by using the gifts and talents of the clergy, staff and lay members of the churches. Through a wide variety of activities and services - both on Sundays and throughout the week - the church seeks to share the life and transforming love of God in word and in action, bringing to this task the numerous gifts and talents of a very significant number of lay people as well as the clergy and staff team.

During the COVID pandemic, all church building were closed and services were conducted via Zoom. Following the lifting of restrictions, services have now resumed in all three churches.

The PCC ensures that decisions are in line with Church of England requirements which in turn take account of the guidance on public benefit published by the Charities Commission.

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ACHIEVEMENTS AND PERFORMANCE

The character and style of the services that are held on Sundays and during the week reflect the diverse needs and worship styles of the congregations in the churches. Services include traditional BCP, Taize, Common Worship, Evensong and informal services.

At the APCM on 24 April 2021 there were 211 names on the roll (2020: 212).

PCC activities

Due to Covid-19 restrictions in the last year, the PCC has met 3 times since the 2020 APCM and meetings took place online via Zoom.

The Parochial Church Council members, however, have been fulfilling their responsibilities as normal. Among other matters, the following areas were the focus of meetings during the past year:

Work to renovate the paved area to the east of the church is planned to be carried out in late Spring by L&S Garden and Property Services.

A new heating system has been installed in the Hall and windows have been replaced. A Vicarage fencing contractor has been chosen and St. Wilfrid’s are waiting for the work to start.

Youth group is now headed up by Tim Hill and Sue Bosley. A joint Youth Alpha for all churches has been organised and has 12 people signed up. Unfortunately, it had to be postponed due to lockdowns. The aim is to commence the face-to-face meetings as soon as permitted.

Major activities in the parish

Due to the impact of lockdowns in 2020 and early 2021 the activities of the parish were severely curtailed. The paragraphs which follow set out the priorities of the parish once COVID restrictions are eased.

Youth and children’s work

This continues to be a major focus of the parish and includes mums and toddler groups, youth meetings, as well as our various Sunday Schools.

A church school, Trinity Oaks, opened in September 2014 and the PCC now has three Foundation Governors elected by the PCC.

Evangelism

In the past this has included Alpha, Christianity Explored and Emmaus which are run on a periodic basis.

Pastoral Care

This moved online during the pandemic but would normally involve regular visits to those members of the community who are sick, in distress or housebound and the Living with Loss course for the bereaved

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Community

In the past, working with Churches for Horley, the parish contributes to Horley Food Bank and has run a Winter Night Shelter but this was not possible due to COVID restrictions.

There are Welcare reps in each church and Toy Services are held each Christmas as well as contributing to the Samaritan’s Purse shoebox appeal and to the Romanian Aid Foundation.

The halls at both St Francis and St Wilfrid’s are rented to community groups such as Playgroups, Guides and exercise classes.

Harvest parcels are distributed from St Francis to Crawley Open House. The churches also support Horley Foodbank.

FINANCIAL REVIEW OF THE YEAR

For 2020 the parish financial statements have been prepared in accordance with the FRS102 SORP. The 2020 results were significant affected by the effect of the COVID pandemic when the churches were closed for a period of time and events could not be held.

Financial highlights include:

Missionary and charitable giving

It is PCC policy to give 10% of our income after deducting amounts collected on behalf of other organisations. Each church decides on the organisations which it wishes to support in this way. Among these are ToyBox, CMS, Welcare, Care, Mission Direct, Cry in the Dark, Metro World Child, Centre of Hope, Bible Society, Menet, Urban Fun, Bishop’s Lent Call, Bible Society, Anglican Society for Animal Welfare, Tear Fund, Surrey Air Ambulance, Streetlight, Renewed Hope Trust. St Francis gave part of its charitable giving to the Diocese of Southwark as an extra Parish Support Fund donation.

Reserves Policy

It is PCC policy to maintain a balance on unrestricted funds (if possible), sufficient to cover emergency situations that may arise from time to time. The closing balance of £139,746 (PCC General plus Designated Combined excluding the vicarages) on unrestricted funds represents approximately 9.2 months of unrestricted payments at current operating levels.

FUTURE PLANS

The work of the parish will continue as we seek the counsel of the Holy Spirit. St Barts will continue to raise funds to repair the roof and spire. Approximately £63,200 has been raised so far.

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STATEMENT OF TRUSTEES, RFSPONSIBILITIES Charity law requires the Trusiccs (the PCC) to prepare financial ststements for each financial year which give a tru¢ and fair view of the state of affair5 of the charity at the year end and of its incoming r¢sources and resources expended during thatyear. In pr¢paring those fit]ancial statem¢nts. the Trustees are required to: Select suitsble accounting policies and then apply them consistentIy' Make judgcmcnts and estimates thal are reasonable 2nd prudent. State whether applicable accounting standards and statements of recommended prdctice have been followed subject to any departures disclosed and explained in the financtal statem¢nls' And Prepate the financial statements on the going concern basis unless it is inapprowiate to prcsume that the charity will ¢ontinue in b￿siness. The Trustees are responsible for keeping propcr auounting record5 which disclose with reasonable a¢euracy at any time the financial position of the charity and enable them to ensur¢ that th¢ financial statements comply with the Charities Act 2011. They are aEso ￿spOnsIble for safeguarding the assets of thc charity and hence for tskiDg rea￿)nable steps for the prevention and dete¢tion of frnud and other irregulariti￿. On behalf of the PCC g./A/ Rev L Wells- Parish Rector Date.. 4 October 2021 S Coe-PCC Treasurer

HORLEY PAROCHIAL CHURCH COUNCIL

STATEMENT OF FINANCIAL ACTIVITIES for the year ending 31st December 2020

2020 2019 restated
Unrestricted Restricted Unrestricted Restricted
Designated TOTAL Designated
Note General PCC Combined Income Endowment FUNDS General PCC Combined Income Endowment TOTAL FUNDS
£ £ £ £ £ £ £ £ £ £
INCOME FROM
Donations and legacies 2a 9,495 155,404 61,200 - 226,099 6,900 121,399 57,204 - 185,503
Charitable activities 2b - 36,205 2,031 - 38,236 - 61,634 - - 61,634
Other trading activities 2c - 5,375 - - 5,375 - 16,737 - - 16,737
Investments 2d 32 112 157 - 301 59 284 140 - 483
Other 2e 16,961 (16,961) - - - 18,369 (18,369) - - -
TOTAL 26,488 180,135 63,388 - 270,011 25,328 181,685 57,344 - 264,357
EXPENDITURE ON
Raising funds 3a - - - - - - 55 - - 55
Charitable activities 3b 25,677 145,232 33,232 - 204,141 24,856 138,157 36,570 - 199,583
Other 3c 811 9,964 - - 10,775 472 10,611 - - 11,083
TOTAL 26,488 155,196 33,232 - 214,916 25,328 148,823 36,570 - 210,721
Gains/(losses) on investment assets - - 206 - 206 - - 898 - 898
NET INCOME(EXPENDITURE) - 24,939 30,362 - 55,301 - 32,862 21,672 - 54,534
Transfers between funds (2,299) - 2,299 - - (12,960) (2) 12,962 - -
OTHER RECOGNISED GAINS/(LOSSES)
Gains/(losses) on revaluation of fixed assets - - - - - - 18,874 - - 18,874
NET MOVEMENT IN FUNDS (2,299) 24,939 32,661 - 55,301 (12,960) 51,734 34,634 - 73,408
RECONCILIATION OF FUNDS
Total funds brought forward as originally stated (4,207) 756,159 48,860 13,545 814,357 (4,027) 656,277 75,154 13,545 740,949
Prior year adjustment (12,780) (48,148) 60,928 - - - - - - -
Total funds brought forward as restated (16,987) 708,011 109,788 13,545 814,357 (4,027) 656,277 75,154 13,545 740,949
Total funds carried forward (19,286) 732,950 142,449 13,545 869,658 (16,987) 708,011 109,788 13,545 814,357

All income arises from the continuing activities of the churches and the PCC.

The PCC had no other recognised gains or losses other than those dealt with in the Statement of Financial Activities

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HORLEY PAROCHIAL CHURCH COUNCIL BALANCE SHEET as at 31st December 2020 20211 2019 Restated TOTAL FUNDS Nots TOTAL FUNDS FIXED A&SETS Vicarages Long teryn investments ID R&S DCT Alcs TOTAL FIXED ASSETS 573,918 53,977 627095 573,918 53,771 627.689 CURRENT ASSETS Stock D¢btors Short teTm deposits Cash at bank and tn hand TOTAL CURRENT ASSETS 8110 59,625 J,426 186.690 248,541 30,178 1.426 159.285 191,689 LIABILITIES: CREDITORS: AMOUNTS FALLINC DUE WITHIN ONE YEAR (6,778) (5.021) NET CURRENT ASSETS NET ASSETS 869 658 814,357 PAIUSH FUNDS Unrestricted Unrestricted Designated Restricted Income Restricted Endowment TOTAL FUNDS (19286) 732,950 142,449 13.545 869 658 {16,987) 708,011 109.788 13,545 814J57 Approved by ihe Awjual Par￿hla1 Church Meeting on 4 October 2021 and signed on its behalf by: Rev L W¢lls- Parish Re￿Or S Coe- PCC Treasurer

HORLEY PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS for the year ending 31st December 2020

1. ACCOUNTING POLICIES

The Horley churches are public benefit entities.

The financial statements have been prepared in accordance with the Church Accounting Regulations 2006, the Charities Act 2011, Financial Reporting Standard 102 (FRS102) and the Charities Statement of Recommended Practice, Accounnting and Reporting by Charities , issued in 2016 (Charities SORP (FRS 102)).

The financial statements have been prepared under the historical cost convention except for the valuation of investment assets, which are shown at market value, and vicarages which are shown at insured value.

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 informal gatherings of church members.

Funds

The unrestricted general fund may be used at the discretion of the PCC. The unrestricted designated funds comprise the unrestricted general funds for the three churches and other funds held for specific purposes as described in note 10 below.

Restricted Income funds comprise those for which the Rochester and Southwark Diocesan Church Trust acts as trustee or are held for other non-discretionary purposes.

Endowment funds comprise trusts given to the parish to provide income for its needs, but whose capital cannot normally be used.

Income

Planned giving, collections and donations are recognised when received. Tax refunds are recognised when the incoming resource to which they relate is received.

Grants and legacies are accounted for when the PCC is legally entitled to the amounts due and it is probable that they will be received. Dividends and interest are accounted for when receivable.

All other income is recognized when it is probable that it will be received. All income is accounted for gross.

The churches depend on the services of volunteers for many of their activities. The PCC does not account for services donated by volunteers as their fair value cannot be measured reliably.

Expenditure

All expenditure is accounted for when there is a binding or constructive obligation on the PCC. The primary purpose of the churches is not grant making. Monies given to individuals and other Christian organisations are not considered as grants. The diocesan parish share is accounted for when due. All other expenditure is recognised when it is incurred and is accounted for gross.

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HORLEY PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS for the year ending 31st December 2020

1. ACCOUNTING POLICIES (continued)

Fixed assets

Consecrated and benefice property is not included in the accounts in accordance with the Charities Act 2011. Such property is held for the purposes of housing clergy.

Therefore, even when parish clergy are not resident and rental income is obtained, the vicarages are not considered as investment properties.

They are held in a separate fund and rentals during vacancies will be used for repairs. As permitted by Diocesan guidance, the vicarages will be held at insured value and revalued each year.

The combined insured value as at 31 December 2020 was £573,918 (2019: £573,918). No depreciation is provided on vicarages.

No value is placed on moveable church furnishings held by the churchwardens on a special trtust for the PCC and which require a faculty for disposal since the PCC considers this to be inalienable property. All expenditure incurred during the year on consecrated benefice buildings and moveable church furnishings, whether maintenance or improvement, is written off as expenditure in the SOFA.

Investments

Fixed asset investments represent grave trusts and the net proceeds from the sale of Albert Rooms. They are valued at market value as supplied by the Rochester and Southwark Diocesan Trust.

Short term deposits are placed with the Church Board of Finance and are available on demand. They are valued at the original deposit plus accrued interest less withdrawals.

Stocks

These represent a notional value of oil held in the tanks at St Bartholomew's.

Debtors and Creditors

Debtors are measured at the amount receivable less impairment. Creditors are recognised when the parish incurs a binding obligation and they are measured at amortised cost.

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HORLEY PAROCHIAL CHURCH COUNCIL

NOTES TO THE FINANCIAL STATEMENTS for the year ending 31st December 2020

2 INCOME AND ENDOWMENTS FROM 2 INCOME AND ENDOWMENTS FROM 2020 2019 restated
Unrestricted Restricted Unrestricted Restricted
Designated TOTAL Designated TOTAL
Note General PCC Combined Income Endowment FUNDS General PCC Combined Income Endowment FUNDS
£ £ £ £ £ £ £ £ £ £
2a Donations and legacies
Bank transfer/envelopes 5,650 86,583 500 - 92,733 4,720 87,901 27,054 - 119,675
Income tax recovered 1,413 32,904 10,930 - 45,247 1,180 16,214 8,005 - 25,399
CAF giving/other giving - 5,990 - - 5,990 - 4,190 - - 4,190
Cash and cheque collections - 4,651 43,220 - 47,871 - 8,517 5,385 - 13,902
Grants 2,432 18,320 6,550 - 27,302 1,000 600 12,810 - 14,410
Other donations - 6,956 - - 6,956 - 3,977 3,950 - 7,927
9,495 155,404 61,200 - 226,099 6,900 121,399 57,204 - 185,503
2b Charitable activities
Fees from Weddings and Funerals - 19,137 2,031 - 21,168 - 25,747 - - 25,747
Church hall lettings - 17,068 - - 17,068 - 35,887 - - 35,887
- 36,205 2,031 - 38,236 - 61,634 - - 61,634
2c Other trading activities
Events - 1,177 - - 1,177 - 2,089 - - 2,089
St Francis vicarage rent - 4,198 - - 4,198 - 14,648 - - 14,648
- 5,375 - - 5,375 - 16,737 - - 16,737
2d Investments
Dividend/interest 32 112 157 - 301 59 284 140 - 483
32 112 157 - 301 59 284 140 - 483
2e Other
Income from churches 16,961 (16,961) - - - 18,369 (18,369) - - -
16,961 (16,961) - - - 18,369 (18,369) - - -
TOTAL INCOME 26,488 180,135 63,388 - 270,011 25,328 181,685 57,344 - 264,357

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HORLEY PAROCHIAL CHURCH COUNCIL

NOTES TO THE FINANCIAL STATEMENTS for the year ending 31st December 2020

3 EXPENDITURE ON
Note
3a
Raising funds
Events
3b
Charitable activities
Diocesan PSF
Diocese fees
Clergy/readers/staff expenses
Youthwork/children's ministry
Outreach Projects
Church running expenses
Church maintenance
Vicarages running costs
Vicarages maintenance
Sundries
Upkeep of churchyard
Church halls maintenance and running costs
Staff salaries
Equipment purchases
Musicians/vergers fees
Printing/ stationery/office costs/publicity/fund raising
3c
Other
Missionary/charitable giving
TOTAL		 2020
2019 restated
General
PCC
Designated
Combined
Income
Endowment
TOTAL
FUNDS General PCC
Designated
Combined
Income
Endowment
TOTAL
FUNDS
-
-
-
-
-
-
55
-
-
55
Unrestricted
Restricted
Unrestricted
Restricted
-
-
-
-
-
-
55
-
-
55
-
63,481
-
-
63,481
-
62,268
-
-
62,268
-
6,579
-
-
6,579
-
9,753
-
-
9,753
4,439
204
-
-
4,643
4,226
100
-
-
4,326
-
110
-
-
110
-
81
-
-
81
-
65
-
-
65
-
1,770
952
-
2,722
-
15,605
-
-
15,605
-
19,147
-
-
19,147
-
10,121
7,185
-
17,306
-
21,659
-
-
21,659
3,896
-
-
-
3,896
2,104
-
-
-
2,104
-
24,781
-
-
24,781
-
1,851
-
-
1,851
830
518
-
-
1,348
1,073
1,361
53
-
2,487
-
-
11,202
-
11,202
-
-
18,065
-
18,065
-
21,175
-
-
21,175
-
14,727
-
-
14,727
11,643
-
-
-
11,643
11,307
-
-
-
11,307
-
168
14,845
-
15,013
-
116
17,500
-
17,616
-
2,425
-
-
2,425
-
5,324
-
-
5,324
4,869
-
-
-
4,869
6,146
-
-
-
6,146
25,677
145,232
33,232
-
204,141
24,856
138,157
36,570
-
199,583
811
9,964
-
-
10,775
472
10,611
-
-
11,083
811
9,964
-
-
10,775
472
10,611
-
-
11,083
26,488
155,196
33,232
-
214,916
25,328
148,823
36,570
-
210,721

No fees were paid to the independent examiner (2019: £nil).

Details of missionary and charitable giving are set out the the finance section of the Trustees' Report.

Four trustees, Les Wells, Naomi Ngururi, Martha Mutikani and Sue Bosley (2019: Les Wells, Naomi Ngururi ad Martha Mutikani) had a total expenses of £4,439 (2019: £3,783) reimbursed. These expenses consisted mainly of travel and office costs. All were at arm's length.

4 STAFF COSTS

The parish paid salaries of £11,643 (2019: £11,307) including employers' national insurance and pension contrbutions for its staff, being the Clergy PA. The Clergy PA was part time for both years The full time equivalents were 1 (2019: 1).

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HORLEY PAROCHIAL CHURCH COUNCIL

NOTES TO THE FINANCIAL STATEMENTS for the year ending 31st December 2020

5 FIXED ASSETS
Opening balance at 1 January
Revaluation
Closing balance at 31 December
Investments comprise Church Board of Finance Deposit Funds		 Vicarages
Listed
investments
Total
£
£
£
573,918
53,771
627,689
-
206
206
573,918
53,977
627,895

6 STOCK

Fuel oil stock has been estimated at £800 and included in unrestricted designated funds

7 DEBTORS
Sundry debtors
Income tax recoverable
Total
8 LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR
Accruals and deferred income
Total		 2020
TOTAL
FUNDS
£
13,558
46,067
59,625
2020
TOTAL
FUNDS
£
6,778
6,778		 2019
TOTAL
FUNDS
£
9,795
20,383
30,178
2019
TOTAL
FUNDS
£
5,021
5,021

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HORLEY PAROCHIAL CHURCH COUNCIL

NOTES TO THE FINANCIAL STATEMENTS for the year ending 31st December 2020

9 NET ASSETS BY FUND
2020
Fixed Assets
Endowments
Net current assets/(liabilities)
Fund balances
2019 restated
Fixed Assets
Endowments
Net current assets/(liabilities)
Fund balances
10 FUND DETAILS
Designated combined funds include:
2020
Balance at 1 January as previously stated
Prior year adjustment
Balance at 1 January as restated
Income
Expenditure
Transfers
Investment (losses)/gains
Balance at 31 December
2019 restated
Balance at 1 January
Income
Expenditure
Transfers
Investment (losses)/gains
Balance at 31 December		 General PCC
Designated
Combined
Income
Endowment
TOTAL
FUNDS
£
£
£
£
£
-
573,918
53,977
-
627,895
-
-
-
13,545
13,545
(19,286)
159,032
88,472
-
228,218
(19,286)
732,950
142,449
13,545
869,658
-
573,918
53,771
-
627,689
-
-
-
13,545
13,545
(16,987)
130,093
60,017
-
173,123
(16,987)
704,011
113,788
13,545
814,357
St Barts
St Wilfrids
St Francis
Tower
Organ
Fabric
Capital
Repair
Other
Total
£
£
£
£
£
£
£
£
£
£
44,720
45,371
47,027
4,278
6,723
2,441
573,918
31,489
192
756,159
(52,148)
1,000
3,000
-
-
-
-
-
-
(48,148)
Unrestricted
Restricted		 General PCC
Designated
Combined
Income
Endowment
TOTAL
FUNDS
£
£
£
£
£
-
573,918
53,977
-
627,895
-
-
-
13,545
13,545
(19,286)
159,032
88,472
-
228,218
Unrestricted
Restricted
(19,286)
732,950
142,449
13,545
869,658
-
573,918
53,771
-
627,689
-
-
-
13,545
13,545
(16,987)
130,093
60,017
-
173,123
(16,987)
704,011
113,788
13,545
814,357
(7,428)
46,371
50,027
4,278
6,723
2,441
573,918
31,489
192
708,011
60,890
55,564
59,445
-
38
-
-
4,198
-
180,135
(51,494)
(40,035)
(37,946)
-
(940)
-
-
(24,781)
-
(155,196)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1,968
61,900
71,526
4,278
5,821
2,441
573,918
10,906
192
732,950
(16,489)
33,755
51,686
4,053
6,903
2,441
555,044
18,692
192
656,277
82,488
35,736
48,108
225
480
-
-
14,648
-
181,685
(73,425)
(23,120)
(49,767)
-
(660)
-
-
(1,851)
-
(148,823)
(2)
-
-
-
-
-
-
-
-
(2)
-
-
-
-
-
-
18,874
-
-
18,874
(7,428)
46,371
50,027
4,278
6,723
2,441
573,918
31,489
192
708,011

Purposes of funds

St Barts, St Wilfrids, St Francis: these represent the combined general and designated unrestricted funds recognised in each of the three churches individually. The prior year adjustment included this year was to reallocate restricted funds that had been included previously in these combined funds to restricted funds below.

Tower Fund: this was an amount set aside for future repairs to the tower and bells at St Barts. Income derived from fees from weddings or funerals which the PCC decided to allocate to this fund.

Organ Fund: this was an amount set aside for repairs and maintenance at St Barts. Income derived from fees from weddings or funerals which the PCC decided to allocate to this fund, as these are the occasions for which the organ is used.

Fabric Fund: this represents a fund set up by the PCC for general future repairs.

Vicarages (Capital) Fund: this represents the carrying value of the vicarages owned by the PCC for St Francis and St Wilfrids and as such is not easily convertible into liquid assets. Vicarages (Repairs) Fund: this represents amounts set aside by the PCC for the purpose of meeting any major repair and redecorations to the vicarages.

Other: these represent various other smaller appeals which are immaterial in size and have therefore been grouped together.

14

HORLEY PAROCHIAL CHURCH COUNCIL

NOTES TO THE FINANCIAL STATEMENTS for the year ending 31st December 2020

10 FUND DETAILS (continued)

Restricted income funds include:
2020
Balance at 1 January as previously stated
Prior year adjustment
Balance at 1 January as restated
Income
Expenditure
Transfers
Investment (losses)/gains
Balance at 31 December
2019
Balance at 1 January as restated
Income
Expenditure
Transfers
Investment (losses)/gains
Balance at 31 December		 Crypto
St Bart's
St Bart's
St Bart's
St Bart's
St Bart's
St Bart's
Parish Hall
Churchyard
St Wilfrids
St Wilfrids
St Francis
Other
Total
Design
Tower/Spire
Puppets
Worship
WNS
Other
Roof Fund
£
£
£
£
£
£
£
£
£
£
£
£
£
£
3,360
-
-
-
-
-
-
50,603
(12,780)
-
2,000
3,000
2,677
48,860
-
17,804
16,352
1,035
15,784
71
1,102
-
12,780
1,000
(2,000)
(3,000)
-
60,928
3,360
17,804
16,352
1,035
15,784
71
1,102
50,603
-
1,000
-
-
2,677
109,788
-
625
54,025
-
-
-
-
-
8,738
-
-
-
-
63,388
-
-
(7,185)
-
(14,845)
-
-
-
(11,202)
-
-
-
-
(33,232)
-
-
-
-
-
-
-
-
2,299
-
-
-
-
2,299
(173)
-
-
-
-
-
-
214
165
-
-
-
-
206
3,187
18,429
63,192
1,035
939
71
1,102
50,817
-
1,000
-
-
2,677
142,449
3,218
17,086
10,083
1,035
554
71
700
50,227
(11,497)
1,000
-
-
2,677
75,154
-
1,125
6,294
-
32,658
-
837
-
16,430
-
-
-
-
57,344
-
-
(25)
-
(17,500)
-
(952)
-
(18,093)
-
-
-
-
(36,570)
-
(407)
-
-
72
-
517
-
12,780
-
-
-
-
12,962
142
-
-
-
-
-
-
376
380
-
-
-
-
898
3,360
17,804
16,352
1,035
15,784
71
1,102
50,603
-
1,000
-
-
2,677
109,788

Purposes of funds

Crypto Fund: this represents funds held in Church of England listed investments.

St Bart's Design Fund: these represent donations over many years towards major repairs and redecorations to St Barts.

St Barts Tower/Spire Fund: this comprises donations specifically towards Phase One of the urgent repair work required for the tower, roof and spire of St Barts. After the year end, donations were given for Phase Two which will be included in a separate restricted fund. St Barts Puppets Fund: these represent donations given towards the Puppets ministry at St Barts.

St Barts Worship Fund: these represent donations given towards the PA and sound equipment at St Barts. The vast majority of this year's expenditure was on a new sound system which came into use during the year.

St Barts WNS (Winter Night Shelter): this represented donations given towards the Winter Night Shelter, a project run by a local charity, Renewed Hope, specifically for light and heat incurred in using St Barts as one of the host locations.

St Bart's Other: these represent various other smaller appeals which are immaterial in size and have therefore been grouped together.

The prior year adjustment was made this year to reallocate all the above St Bart's restricted funds which had previously been recognised in the St Barts combined designated funds.

Parish Hall Fund: this represents proceeds realised on the sale of the Albert Rooms in Albert Road, Horley, and had been intended for constructing new Parish Rooms at St Barts. This is currently under discussion with the Diocese.

Churchyard Fund: this consisted of local Council grants given for the purpose of maintaining St Bart's churchyard and graveyard, the annual cost of which exceeded the income over a number of years. The prior year adjustment was made this year to clear the deficits that had accumulated over this period by way of a transfer from general unrestricted funds.

St Wilfrids Roof Fund: this represented a donation from the pre-school club at St Wilfrids towards roof repairs.

St Wilfrids and St Francis Other Funds: these comprised funds that had been allocated by the PCC rather than donations given for specific purposes at St Wilfrids and St Francis; therefore they were not restricted in nature. The prior year adjustment was made to reallocate these to St Wilfrids and St Francis combined designated funds.

PCC Other: these represent various other smaller appeals which are immaterial in size and have therefore been grouped together.

Endowment funds include:

2020 and 2019

Balance at 1 January Incoming resources Resources expended Investment (losses)/gains Balance at 31 December

Sampson Total
£ £
13,545 13,545
- -
- -
- -
13,545 13,545

Purposes of fund

Sampson Fund: this was established by a legacy given by a former member of the Parish believed to be intended for the Churchyard.

15

HORLEY PAROCHIAL CHURCH COUNCIL

NOTES TO THE FINANCIAL STATEMENTS for the year ending 31st December 2020

11 RELATED PARTY TRANSACTIONS

Other than expenses reimbursed to trustees as set out in notes 3 and 4, there were no related party disclosures which required disclosure. Donations from Trustees did not have conditions attached which would have required the PCC to significantly alter the nature of the Parish's activities.

12 PRIOR YEAR ADJUSTMENT

This year prior year adjustments were made in respect of the following:

a. Restricted funds which had initially been included in the financial statements as part of St Barts and St Wilfrids combined designated funds totalling £52,148 at 1 January 2020;

b. Clearance of a deficit balance of £12,780 on the Churchyard restricted fund as no income was expected in the future to defray existing liabilities; and

c. Reallocating monies that had originally been set aside by the PCC for St Wilfrids and St Francis which had been incorrectly included as restricted funds, but have now been correctly included in those churches' combined designated funds.

16

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF Horley PCC I report to the truste¢s on my enmtnation of the awounts of Horley PCC (the Trust) for the year ended 31 D¢¢ember 2020. Re5ponsiblllties and basi8 of report A5 Ihe charity trustees of th¢ Trust you are res￿nSIble for the preparation of th¢ accounts in A￿OrdanCe with the requitcmcnts of the Charities Act 2011 ('the Act,). I report in respect of my examination of the Trust's accounts carri¢d out under s¢¢tion 145 of th¢ 2011 Act and in ing out my examination I have followed all the applicable Directions given by th¢ Charity Commission under se¢tion 145(5)(b) of the Act. The charity's gross income cxceeded £250.000 and l am qualified io undertake the ex8￿Ination by b¢ing a qualified member of the Asso¢tation of Chartered Certified Accountants. Independent ex8min¢r's statement I have completed my examination. I confirn that no material matter5 have ¢ome to my attention in conne¢tion with the examination which gives me cause io believe that ift aT]y material r¢spect- . accounting records w¢re not kept in respect of the Tnjst as requtred by section 130 of the Act" or 2. the acwunls do not accord with the accounting reeords" or 3. the a¢wunts do not comply with the applicable requirements conceming the forni and content of aecounts set out in the Charities (Accounts and Re￿Its> Regulations 2008 other than any requirement that the accounts give a'true and fair, view which is not a matt¢r ¢onsidered as part of an independeDI examination. I have no ¢oncenLS attd have com¢ across no other matt¢rs in connection with th¢ examtnation to which attention should b¢ drawn in this report in order to enable a proper understanding of th¢ arxounts to be rvdched. Janice Roberts FCCA Horley SU￿eY l} Octob¢r 2021 17