OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2020-12-31-accounts

ST GEORGE’S CHURCH, WEALD

Annual Report

and

Financial Statements

of the

Parochial Church Council

of the

Ecclesiastical Parish of St George’s Sevenoaks Weald

for the year ended

31[st] December 2020

Registered in England and Wales Charity Number 1133777

Address

St. George’s Church Church Road, Weald, Sevenoaks, Kent TN14 6LT

Please address correspondence to The Secretary, St George’s PCC, The Vicarage Church Road, Weald, Sevenoaks Kent, TN14 6LT

St. George’s Church, Weald Annual Report and Financial Statements of the Parochial Church Council for the year ended 31[st] December 2020

CONTENTS Page
Independent Examiner’s Report 3
Annual Report 4 - 7
Financial Statements
Statement of Financial Activities 2020 10
Statement of Financial Activities 2019 11
Balance Sheet 12
Notes to the Financial Statements 13 - 20

2

St. George’s Church, Weald Annual Report and Financial Statements of the Parochial Church Council for the year ended 31[st] December 2020

Independent Examiner’s Report to the PCC of St George’s Weald

This report on the financial statements of the PCC for the year ended 31[st] December 2020, which are set out on pages 10 to 19, is in respect of an examination carried out in accordance with the Church Accounting Regulations 2006 (“the Regulations”) and s.145 of the Charities Act 2011 (“the Act”).

Respective Responsibilities of the PCC and the Independent Examiner

As members of the PCC you are responsible for the preparation of the financial statements. You consider that the audit requirement of the Regulations and s.145(1)(a)) of the Act does not apply. It is my responsibility to issue this report on those financial statements in accordance with the terms of the Regulations.

Basis of this Report

My examination was carried out in accordance with the General Directions given by the Charity Commission under s.145(5)(b) of the Act and to be found in the Church Guidance, 2006 edition. That examination includes a review of the accounting records kept by the PCC and a comparison of the accounts with those records. It also includes considering any unusual items or disclosures in the financial statements and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

Independent Examiner’s Statement

In connection with my examination, no matter has come to my attention:

have not been met; or

Gilbert Allen & Co Churchdown Chambers, Bordyke, Tonbridge, Kent, TN9 1NR

24[th] March 2021

3

St. George’s Church, Weald Annual Report and Financial Statements of the Parochial Church Council for the year ended 31[st] December 2020

Annual Report

Administrative Information

The PCC is chaired by the Vicar, The Rev’d Canon Mandy Carr and during the year the following served as elected members of the PCC:

Church Wardens Moya Grady (to October 2020) Sarah Griffiths Lisa Martin (from October 2020) Representatives on the Deanery Synod Michael Conacher Shirley Hayes * Elected Members Julia Downing * Ros Durdant-Hollamby * Sarah Griffiths Trevor Griffiths Paul Goozee Ian Harby Rebecca Johnson Elizabeth Miller Linda Young (from October 2020) * Member of Ministry Team -----------------------------------------------------------------------------------------------------------------------------------------------Ministry Team Rev’d. Canon Mandy Carr Shirley Hayes (Pastoral Assistant) Judith Howard (Pastoral Assistant) Brian Saunders (Pastoral Assistant) Ros Durdant-Hollamby (Reader) Philip Johnson (Reader) Lisa Martin (Reader) Julia Downing (Music Director) ------------------------------------------------------------------------------------------------------------------------------------------------ Address St. George’s Church Church Road, Weald, Sevenoaks, Kent TN14 6LT Please address correspondence to The Secretary, St George’s PCC, The Vicarage Church Road, Weald, Sevenoaks Kent, TN14 6LT

4

St. George’s Church, Weald Annual Report and Financial Statements of the Parochial Church Council for the year ended 31[st] December 2020

Structure, Governance and Management

The Parochial Church Council is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure (1956) as amended. The PCC completed its registration with the Charity Commission on the 26[th] January 2010 and became a registered charity - The Parochial Church Council of the Ecclesiastical Parish of St. George’s Sevenoaks Weald, charity number 1133777.

The Annual Parochial Church Meeting (APCM), in accordance with Church Representation Rules, elects members of the PCC. All Church attendees are encouraged to register on the Electoral Roll and stand for election to the PCC. Newly elected and existing members of the PCC are encouraged to make appropriate use of resources available from the Diocese, including courses, guidance notes and dialogue with the Diocesan Office to help them discharge their obligations.

Objectives and Activities for Public Benefit

St. George’s PCC has the responsibility of co-operating with the Vicar in promoting in the parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. It also has maintenance responsibilities for the Church building, the Church hall, the Church grounds and burial grounds of St. George’s, Weald.

For the public benefit St. George’s PCC aims to advance the Christian religion. In planning its activities the incumbent and the PCC have considered the Charity Commission’s general guidance on public benefit and, in particular, the specific guidance for the advancement of religion and aim to enable people to develop and live out their faith through worship and prayer, teaching, provision of pastoral care, service, discipleship and evangelism across all ages – aiming to make the life of Christ real in the community. To facilitate this work it is important to maintain the fabric of the Church, the Church hall, the Church grounds and burial grounds of St. George’s, Weald

Achievements and Performance

St. George’s is a parish church serving all the people of Weald. All ages of people from many different Christian backgrounds (and none) find a welcome. At the APCM in 2020 the Church Electoral Roll was 138 (2019: 142). Due to the pandemic and the enforced/advised restrictions, the majority of this year’s church services were online only. Excluding the festivals the services appear to have had an average of 85 views. The festivals had the following viewings:

Mothering Sunday 242; Easter services an average of 170, with 237 on Easter Day; Remembrance 148; Christmas services had an average of 198; Carol service 195 and 275 on Christmas Eve.

It should be noted that these figures were households, so individual numbers would be higher. The services were accessible via St George’s own web page and St George’s Facebook page. We have been delighted that our online platform has meant that we can welcome people who have moved away from the village, our Mission Partners from around the world & many others to our services. Church services were able to take place (with the addition of online services) for nine weeks and there was an average attendance of 20-25. These services were Holy Communion (bread only) and Home Communion was taken to those housebound or shielding. In 2020 there was one wedding and three funerals, one interment of ashes but no baptisms (2019 four weddings, nine baptisms, eight funerals and two interments of ashes).

The PCC met three times during 2020/2021 (2019/20 five times) once in person prior to restrictions (one apology) and twice online via Zoom, (100% attendance) The PCC is extremely grateful, especially in this past difficult year, to all Church members who have given their time and energy in church cleaning, flower arranging, coffee making (when permitted), grass cutting, publication of notices, advertising, and producing service rotas; to those who lead the intercessions and read lessons in services (this year with the addition of conquering technology!) to the sides people, the prayer shawl ministry team, to those who assist with Communion, to those who contribute to worship through their gifts of music & manning the PA desk, to the leaders of Teddy’s & Cameo, to Julia Downing for looking after the website and the many others that have undertaken a myriad of tasks that have contributed towards the enthusiastic and smooth running of St.

5

St. George’s Church, Weald Annual Report and Financial Statements of the Parochial Church Council for the year ended 31[st] December 2020

George’s in and out of lockdown. Special thanks to Julia Downing for not only co-ordinating and providing the music for all our services, including the major task of putting together choir music for the festivals during lockdown, but also her expertise for the necessary technology.

The PCC would like to take this opportunity to thank the Church Wardens, the Director of Music, the Pastoral Assistants and the Readers for all their commitment and hard work during the past year. The Ministry Team, led by Mandy, meets regularly throughout the year.

The biggest thanks go to Mandy. In this extremely challenging year St Georges has continued to be blessed by her excellent leadership skills, her vision, enthusiasm and thought provoking sermons along with her filming knowledge, attention to detail and sheer hard grafting to ensure amazing and varied recorded online services. We were so delighted to learn that two of Mandy’s films, ‘And Mama Came Along Too’ and ‘Distance’, won an impressive & well deserved seven awards between them at the recent Orpington Video Film Makers Oscars; well done to everybody involved!

Live online Morning and Evening Prayer on Mondays to Thursdays (8.30am and 5pm), Fridays and Saturdays (8.30) has continued to be a regular feature of our church life and an increased number attend regularly and find the rhythm of prayer essential to their Christian practice.

The church has remained open for private prayer on Thursdays and Sundays when permitted to do so.

An online daily video of a Thought for the Day was instigated by Mandy in April. Many at St Georges felt encouraged to contribute and this was able to continue for 100 days, quite an achievement and another form of connection and comfort. More recently, we have added a ‘Real People, Real Faith’ section to our Sunday services and again, people are finding others’ stories a real help and inspiration at this difficult time.

Thanks are extended to Stephanie and Jonathan Tibber for all their careful, Covid safe, planning and setting up of comforting and thoughtful prayer stations for All Souls Sunday.

Mandy has continued her connection with Weald Community School including putting together some Advent films for use in class and with the children contributing both in verse and song to St George’s Harvest and Christmas online services.

At Christmas, Weald Community and St Georges came together to celebrate with the online recorded service entitled ‘A Christmas Cracker.’ This included four modern day nativity plays written by Mandy, with a cast of Weald actors, adults and children, led and directed by Roberta Briant. Covid restrictions and last minute changes were overcome to produce four excellent videos entitled ‘The Stargazer’s Society’; ‘On a Starry Night’; ‘Angel Auditions’ and ‘No Room at the Inn,’ as part of a joyous Christmas Eve service.

The Carol Service was another uplifting event, despite being unable to meet and worship in person. A beautiful service came into our homes from the homes of each of the choir members and readers.

As St George’s 10k and Fun Run was not able to take place this year, the 10 Challenge evolved. Participants were invited to complete 10 of anything over a few months and to contribute £10. This had an enthusiastic response and produced many imaginative ideas. Cakes were baked, jam made, jigsaws completed, carpentry skills shown, sunflowers picked, masks and cushions sewn, books read, gardens planted, geocaches were hidden and exercise completed. Andrew Priest organised a mini, socially distanced run. The 10 Challenge proved very successful, both as a virtual source of connection and fun and was an excellent fund raiser.

St George’s online presence has allowed for an even greater connection and support with our Mission Partners: Paula and Dean Finnie in South Africa, International Children’s Palliative Care via Julia Downing, Patrick Kangi in London and Sam and Abby Beguma, in Uganda. It has been great to receive their news about their work, their personal lives and their prayer needs via videos and interviews shown on our online services. As well as hearing their contributions to ‘Thought for the Day’

St George’s was also pleased to be able to support St Francis Strood in their Christmas Hamper project. This venture was deemed to be more necessary than ever this year. Many wrapped boxes of Christmas food and gifts were gratefully collected from Weald for distribution to vulnerable families around Stroud.

6

St. George’s Church, Weald Annual Report and Financial Statements of the Parochial Church Council for the year ended 31[st] December 2020

It was great to be able to support and send a significant donation to The Hygiene Bank from St George’s Harvest Service.

With normal activities unable to go ahead for Christian Aid week, money was still raised by such activities as single household afternoon tea and the sale of hanging baskets.

The leaders of both Cameo and Teddies have continued to support their members and meet outside when it was possible to do so. All Cameo members have received weekly phone calls and several deliveries of small gift bags over the year. Instead of the usual Afternoon Tea outing, each member received a doorstep delivery of a boxed cream tea. Other gift bags have been themed around Harvest, Christmas and St Valentine's Day. These fantastic actions were recently reported on the Diocese of Rochester Facebook page.

Safeguarding remains a priority on every PCC agenda. In September 2018 Elizabeth Miller became the new Parish Safeguarding Officer & the majority of the PCC has now completed the required online safeguarding training which has recently been updated by the Diocese.

Thanks go to Ashley Jones for the maintenance and winding of the church clock over many years. Ashley would now like to step down from this responsibility and investigations are under way as to how this can be achieved in the future with the possibility of installing an electromechanical mechanism.

Consideration is currently being given to the purchase of a small movable altar to stand in front of the main altar, possibly to be situated at the top of the chancel steps. This would enable Mandy to stand behind (rather than at the side of the main altar) and face the congregation when celebrating communion. It would also allow anyone with any degree of infirmity to come forward to receive communion without having to negotiate any steps.

The closure of the church has enabled some essential building maintenance to be carried out, including repair work to the wall behind the pulpit & replacing some lead flashing on the roof. We have also been looking into a major issue with the Church Hall, as some large cracks have appeared in the north west corner and the wall is falling down. We are waiting on the insurance company to complete their appraisal of the reports made on the situation before we can decide what must happen next. We are extremely grateful to Stephen Martin for his attention to these matters.

After discussion, the decision to apply to Rochester Diocese for a faculty which included the installation of a phone line in preparation for future live streaming of services was approved by the PCC. This has been something that St George’s has been considering for a few years. The online viewing numbers during last year illustrate the need and benefits of being able to reach out to greater numbers of people. This facility could be used for future weddings/funerals/baptisms if desired for people unable to attend, as well as for weekly church services. The online recorded services have been great, but also extremely time consuming for Mandy and Julia and this is not sustainable for the future. A separate live streaming working group has been formed and an appeal for fundraising started. Having received the faculty for the phone line for broadband, this has now been installed and we await a decision on the faculty for the cameras and microphones. Once again, we are extremely grateful to Julia Downing for the time, effort and expertise taken to put the two faculty applications together.

7

St. George’s Church, Weald Annual Report and Financial Statements of the Parochial Church Council for the year ended 31[st] December 2020

Financial Review

A Statement of Financial Activities for 2020 are included in this report along with that for the previous financial year. In 2020, St George’s total income decreased by 23.5% and total expenditure reduced by 15.2%; expenditure exceeded income by £24,891 (2019:19,572). Last year, total income was £75,999 (2019: £99,383) and total expenditure was £100,890 (2019: £118,955).

Of this, Donations and Legacies provided £62,415 (2019: £74,264) or 82% of the total. Although Planned Giving has reduced to £48,961 (2019: £53,741), it continues at a level which underpins St Georges financial planning. As might be expected, a significant reduction of around £3000 in collections at services occurred but the increase in the level of one-off donations and appeals more than offset this. The level of planned giving via gift aid decreased slightly along with reductions in both the level of income tax recovered and other planned giving. Concerning other sources of income – Church Activities and Other Trading Activities also fell slightly in 2020; this was in part because the diocesan fees are no longer retained by St George’s PCC. For further information, please see Note 2 to the Financial Statements.

Expenditure from the General Fund, excluding the Parish Share and charitable giving, reduced by £10,323 or around 22% to £37,695. This resulted, in part, from lower depreciation, administration and maintenance costs. The PCC distributed £9,970 to charities in 2020, this equated to 13.1% of total income (2019: 12.8%). In 2020, £2,460 from the General Fund, £166 from the Designated Mission Fund and £7,345 from the Restricted Mission Fund was distributed to our Mission Partners and other charities. There was a small surplus in the Mission Restricted fund (£732) this will be used to support the 2021 committed donations of £6500. See Notes 9 and 10 to the Financial Statement for more detail.

We are very grateful to all those who are able to support St George’s financially in one way or another.

In 2020, the cost of raising funds was nil (2019: £3,834).

Church Activities expenditure can be broadly grouped into three areas. First, Missionary and Charitable Giving fell in 2020 to £9,970 (2019: £12,731) but represented a similar percentage of total income compared to 2019 – see Note 10 to the Financial Statement for more detail. Second, Ministry Costs which increased mainly because the Diocesan parish contribution increased. Third, the cost of running, repairing and improving the Church buildings and its grounds which were lower in 2020. For more information, please see Note 3 to the Financial Statements.

Bringing the income and expenditure together, the result for 2020 was a reduction in assets held by St Georges to £192,409 (2019: £217,300). Of this, the sum of Debtors, Short Term Deposits, Cash at the Bank and in Hand, less Creditors amounted to £180,721 (2019: £184,426). Another way of analyzing the composition of the £192,409 is to divide it between the amounts held in Unrestricted and Restricted Funds. At 31 December 2020, the split was £187,699 and £4,710 respectively.

The PCC is truly grateful for the significant commitment from Trevor Griffiths and John Miller in managing the day to day finances of St George’s, preparing reports for the PCC to both monitor the ongoing financial position and to forecast budgets for subsequent years, and lastly for the preparation of these Financial Statements. The PCC is also grateful for the work of the accountancy firm Gilbert Allen & Co for their work in carrying out the Independent Examination, which provides an important level of assurance to the PCC that their stewardship of the financial affairs of St George’s is appropriate and proportionate to the objectives of St George’s.

During the year the Thursday Club (Restricted Fund) bank account was closed, the funds of £17.99 were transferred to the Restricted Mission fund. A redundant deposit account containing £370.95 was closed; £165.50 was previously assigned to the Designated Mission fund, the remaining balance was transferred to the General Fund. All Cameo funds (Restricted) are currently held in the PCC bank account.

Funds held as Custodian on Behalf of Others

There are no funds held on behalf of others, although the PCC established a fund in 2007 called the Weald Opportunities Fund aimed at supporting worthwhile social and community projects in which parishioners participate, both within and outside the parish. No Gifts were made from this Fund in 2020 (2019: £0)

8

St. George’s Church, Weald Annual Report and Financial Statements of the Parochial Church Council for the year ended 31[st] December 2020

Plans for Future Periods

The financial position in 2020 has continued to weaken with the resulting reduction in reserves by £24,891; Net Current Assets (nearly all in the form of cash deposits) are still relatively high at £192,408. Over the past three years there has been a continuous reduction in the reserves because of reductions in planned giving, which is likely to continue in 2021. A strong inflow of one-off donations has allowed the high level of missionary and charitable donations to continue.

Repairs were recently made to the Church roof to prevent water ingress; following this, a large area of the internal wall re-plastered. Essential work on the Church was identified in the Quinquennial inspection including repointing of external walls and buttresses which will be financed from the Church Repair fund. There are considerable structural issues with the Church Hall which are currently being investigated.

Looking ahead, the 2021 Budget for the PCC forecasts a further drop in cash reserves, the parish share has decrease slightly, depreciation costs should be lower in 2021 but many of the income streams are unlikely to recover to the previous levels.

One of the tasks of the PCC during 2020 is to consider how best to balance the use of income and reserves in furtherance of St George’s Objectives and Activities for Public Benefit.

Policy Statements

Reserves

It is the policy of the PCC to generally maintain unrestricted funds, which are the free reserves of the charity, at a level which equates to approximately six months of unrestricted expenditure. This provides sufficient funds to cover management, administration and support costs, and to respond to emergency expenditure and applications for grants that arise from time to time. At the end of 2020, this was estimated to be £50,000 and was covered by Unrestricted Funds amounting to £187,699.

Missionary and charity giving

It is the policy of the PCC to ensure that missionary and charitable giving should be at a level which is at least 10% of total income. These include missionary societies, relief and development agencies, home mission and secular charities – see Note 10 of the Financial Statements for more information. Decisions as to the distribution of the money are made at PCC meetings and the Mission Action Group.

Risk management

The following points should be noted:

Approved by the PCC on 23[rd] March 2021 and signed on its behalf by

Rev Mandy Carr PCC Chair

9

PAROCHIAL CHURCH COUNCIL OF ST GEORGE WEALD

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020

TOTAL TOTAL
General Designated Restricted FUNDS FUNDS
Funds Funds Funds 2020 2019
Notes £ £ £ £ £
Income and endowments from
Donations and legacies 2a 54,251 8,164 62,415 74,264
Income from Church activities 2b 2,060 2,060 3,947
Other trading activities 2b 7,888 3,136 11,023 20,472
Investments 2c 313 188 501 700
Total incoming resources 64,511 188 11,300 75,999 99,383
Expenditure
Raising funds 3a 3,834
Church activities 3b 84,007 8,333 8,550 100,890 115,121
Total resources expended 84,007 8,333 8,550 100,890 118,955
Gains/(losses) on investments
Net income (expenditure) (19,495) (8,145) 2,750 (24,891) (19,572)
Transfers between funds - transfers in 9,000 18 9,018 9,028
Transfers between funds - transfers out (9,000) (18) (9,018) (9,028)
Net incoming/(outgoing) resources
before other recognised gains and losses (28,495) 855 2,750 (24,891) (19,572)
Gains/(losses) on revaluation of fixed assets
Other recognised gains/losses
Net movement in funds (28,495) 855 2,750 (24,891) (19,572)
Total funds brought forward at 1 January 149,416 65,924 1,960 217,300 236,872
Total funds carried forward at 31 December 120,921 66,779 4,710 192,409 217,300

Page 10

PAROCHIAL CHURCH COUNCIL OF ST GEORGE WEALD

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2019

Income and endowments from
Donations and legacies
Income from Church activities
Other trading activities
Investments
Total incoming resources
Expenditure
Raising funds
Church activities
Total resources expended
Gains/(losses) on investments
Net income (expenditure)
Transfers between funds - transfers in
Transfers between funds - transfers out
Net incoming/(outgoing) resources
before other recognised gains and losses
Gains/(losses) on revaluation of fixed assets
Other recognised gains/losses
Net movement in funds
Total funds brought forward at 1 January
Total funds carried forward at 31 December		 TOTAL
General
Designated
Restricted
FUNDS
Funds
Funds
Funds
2019
£
£
£
£
63,961
10,303
74,264
3,947
3,947
12,510
7,962
20,472
541
160
701
80,959
160
18,265
99,384
208
3,627
3,835
92,134
8,168
14,818
115,120
92,342
8,168
18,445
118,955
(11,383)
(8,008)
(180)
(19,571)
9,000
9,000
(9,000)
(9,000)
(20,383)
992
(180)
(19,571)
(20,383)
992
(180)
(19,571)
169,800
64,932
2,139
236,871
149,417
65,924
1,959
217,300

Page 11

PAROCHIAL CHURCH COUNCIL OF ST GEORGE WEALD

BALANCE SHEET AT 31 DECEMBER 2020

Notes
Total fixed assets
5
Current assets
Debtors
6
Short term deposits
Cash at bank and in hand
Creditors: amounts falling due within one year
7
Net current assets
Total assets less current liabilities
NET ASSETS
8
Funds
Restricted funds
9
Designated funds(Unrestricted)
9
General funds(Unrestricted)
9		 2020
£
£
11,688
955
139,557
41,198
181,711
-990
180,721
192,409
192,409
4,710
66,779
120,921
192,409		 2019
£
32,875
585
130,433
54,386
185,404
-978
184,426
217,300
217,300
1,960
65,924
149,416
217,300

Approved by the Parochial Church Council on 23rd March 2021 and signed on its behalf by

Rev. Mandy Carr PCC Chair

The accompanying notes form a part of these financial statements.

Page 12

PAROCHIAL CHURCH COUNCIL OF ST GEORGE WEALD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

1. Accounting policies

a Basis of preparation

The financial statements have been prepared under the historical cost convention. The accounts have been prepared on the basis that the PCC is a going concern. The PCC is a public benefit entity and the accounts have been prepared under the Charities SORP (FRS 102) 2015. The PCC has taken advantage of the exemption for smaller charities to prepare a statement cash flows.

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 which are informal gatherings of church members.

b Funds

Funds held by the PCC are:

Unrestricted funds - general funds which can be used for PCC ordinary purposes.

Designated funds - monies set aside by the PCC out of unrestricted funds for specific future purposes or projects.

Restricted funds - a) income from trusts or endowments which may be expended only on those restricted objects provided in the terms of the trust or bequest; b) donations or grants received for a specific object or invited by the PCC for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of the year is carried forward as a balance on that fund.

c Income

All incoming resources are accounted for gross.

Donations and legacies

Collections are recognised when received. Planned giving receivable is recognised only when received. Income tax recoverable on Gift Aid donations is recognised when the income is recognised. Grants and legacies are recognised when the PCC is legally entitled to the amount due, the amount can be reliably measured and the when they are considered probable.

Interest

Interest entitlements are accounted for as they accrue.

All other income

All other income is recognised when it is receivable.

Page 13

PAROCHIAL CHURCH COUNCIL OF ST GEORGE WEALD

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2020

d Expenditure

Resources expended are accounted for on an accruals basis and are accounted for gross.

Grants

Grants and donations are accounted for when paid over, or when awarded where the award creates a binding obligation on the PCC.

Church Activities

The diocesan parish contribution is accounted for when paid. Any parish contribution unpaid at 31 December is provided for in these accounts as an operational (though not a legal) liability and is shown as a creditor in the balance sheet.

e Fixed Assets

Tangible fixed assets

Consecrated and beneficed property of any kind is excluded from the accounts by s.10(2) of the Charities Act 2011.

Movable church furnishing are vested in the Churchwardens for the use and benefit of the parishioners and cannot be disposed of without a faculty. These assets are regarded as "inalienable" property held on special trust on behalf of the PCC and are not accounted for in the PCC's accounts. They are listed in the church's inventory which can be inspected.

All expenditure on consecrated or beneficed buildings and individual items costing under £1,000 are written off in the year they were incurred.

Expenditure on items purchased using a grant is written off in the year it was incurred.

Depreciation

Depreciation is calculated to write down the cost of tangible fixed assets, including freehold properties, over their expected useful lives. The rates generally applicable are:

Church hall 50 years straight line
Fixtures and fittings 5 years straight line
Church hall floor and under stage storage 5 years straight line
Church car park surface 10 years straight line
Church hall ceiling 10 years straight line
Church hall heating 5 years straight line
Church hall boiler 5 years straight line
Church PA system 5 years straight line
Church photocopier 5 years straight line

A full year's depreciation is provided in the year of acquisition.

f Current Assets

Amounts owing to the PCC at 31 December in respect of fees, rents or other income are shown as debtors less provision for amounts that may prove uncollectible.

Short-term deposits include cash held on deposit either with the CBF Church of England Funds, or at the bank.

Page 14

PAROCHIAL CHURCH COUNCIL OF ST GEORGE WEALD

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2020

2 Income and endowments
a Donations and legacies
Planned giving - gift aid
Income tax recoverable on planned giving
Other planned giving
Collections at all services
Donations and appeals
Income tax recoverable on donations and appeals
Grants
Legacies
b Income from Church Activities
Social events and books to promote objectives
Fees from weddings etc
Parish magazine
c Other trading activities
Church hall lettings to non church organisations
Weald 10K
Monthly coffee mornings
Magazine advertising
d Investments
Interest income
Income and endowments*		 (unrestricted) (unrestricted)
TOTAL
(unrestricted)
(unrestricted)
TOTAL
General
Designated
Restricted
FUNDS
General
Designated
Restricted
FUNDS
Funds
Funds
Funds
2020
Funds
Funds
Funds
2019
£
£
£
£
£
£
£
£
36,947.00
36,947
38,706.00
38,706
9,236.75
9,237
9,677.97
9,678
2,697.00
80.00
2,777
5,181.60
175.00
5,357
424.55
425
3,419.72
3,420
3,415.64
6,626.47
10,042
4,917.63
5,934.58
10,852
1,030.07
1,457.62
2,488
2,057.79
744.33
2,802
3,448.97
3,449
500.00
500
54,251
8,164
62,415
63,961
10,303
74,264
2,060.00
2,060
3,947.00
3,947
2,060
2,060
3,947
3,947
6,893.50
6,894
11,366.00
11,366
3,092.00
3,092
7,634.18
7,634
43.65
44
328.08
328
994.00
994
1,144.00
1,144
7,888
3,136
11,023
12,510
7,962
20,472
312.90
187.62
501
540.70
159.65
700
313
188
501
541
160
700
64,511
188
11,300
75,999
80,958
160
18,265
99,383

PAROCHIAL CHURCH COUNCIL OF ST GEORGE WEALD

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2020

3 Expenditure
a Raising funds
Stewardship costs
Costs of 10k
Costs of fetes and other events
Magazine advertising costs
c Expenditure on church activities
Missionary and charitable giving (Note 10):
Ministry costs:
Diocesan parish contribution
Working expenses
Vicarage expenses
Assistant Staff
Church running expenses
Church maintenance
Upkeep of services
Upkeep of churchyard
Parish magazine
Parish training, mission and publicity
Parish administrator
Church administration
Church hall running costs
Church improvement costs
Hall improvement costs
Independent examination
Depreciation
Total expenditure*		 (unrestricted)
(unrestricted)
TOTAL
(unrestricted) (unrestricted)
TOTAL
General
Designated
Restricted
FUNDS
General
Designated
Restricted
FUNDS
Funds
Funds
Funds
2020
Funds
Funds
Funds
2019
£
£
£
£
£
£
£
£
2,947.32
2,947
122.56
679.50
802
84.88
85
207
3,627
3,834
2,460.00
165.50
7,344.78
9,970
2,480.00
10,250.68
12,731
43,852.00
43,852
41,845.00
41,845
819.61
820
1,341.01
1,341
3,783.25
3,783
3,792.93
3,793
90.00
90
90.00
90
5,018.17
5,018
5,812.30
5,812
1,411.95
1,412
3,804.22
3,804
4,672.24
80.35
4,753
5,180.33
552.32
5,733
1,015.69
1,000.00
2,016
2,821.95
2,822
759.60
760
2,301.44
2,301
45.73
46
276.43
3,889.99
4,166
1,041.25
1,041
1,937.75
1,938
345.93
346
517.43
517
4,507.59
4,508
4,571.72
4,572
300.00
300
990.00
990
938.00
938
12,893.88
8,167.56
125.00
21,186
14,424.63
8,167.56
125.00
22,717
84,007
8,333
8,550
100,890
92,135
8,168
14,818
115,121
84,007
8,333
8,550
100,890
92,343
8,168
18,445
118,955

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2020

4 Staff costs

a Wages and salaries

The PCC has no employees.

The PCC benefits enormously from voluntary service. It is not possible to place a value on its volunteers but the PCC would not be able to function without such generous giving of time.

b Transactions with PCC members

The following amounts were paid to PCC members and related parties during

2020

R Johnson £1,041 for administrative assistance (2019 £1994)

Paula and Dean Finnie, Paula being the sister of L Martin, £3050 for missionary work in South Africa (2019: £2600) The Hardware Centre Sevenoaks, owned by S Martin, £74 for consumables (2019: £209)

Julia Downing £2360 for organist services (2019: £2639)

Julia Downing works as a consultant for International Children's Palliative Care Network, to whom the PCC donated £2,000 (2019: £2585)

Donations of £16,832 were made by PCC members in 2020 (2019: £14,864).

There were no other reportable transactions in respect of PCC members, nor persons closely connected to them, nor other related parties.

5 Tangible fixed assets

----- Start of picture text -----
Freehold land Church Church Hall Car Park Photocopier TOTAL
and buildings fittings fittings surfacing
Cost or valuation £ £ £ £ £ £
At 1 January 2020 142,209 48,750 43,982 15,334 1,380 251,654
Additions
Disposals
Revaluation
At 31 December 2020 142,209 48,750 43,982 15,334 1,380 251,654
Depreciation
At 1 January 2020 123,035 40,457 39,402 15,334 552 218,780
Provided in the year 9,587 8,293 3,031 276 21,186
Disposals
At 31 December 2020 132,622 48,750 42,433 15,334 828 239,966
Net book amounts
At 31 December 2020 9,587 1,549 552 11,688
At 31 December 2019 19,174 8,293 4,580 828 32,875
----- End of picture text -----

The freehold land and buildings comprise:

viii The new boiler for the church hall in June 2014 at a cost of £1,411 and has been fully depreciated over five years. ix A new PA system installed in the Church in May 2016 at a cost of £41,463 has been fully depreciated over five years. x A photocopier was purchased in 2018 at a cost of £1,380 and which is being depreciated over five years.

Page 17

PAROCHIAL CHURCH COUNCIL OF ST GEORGE WEALD

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2020

**6 ** Debtors
2020 2019
£ £
Income tax recoverable
Accrued income
Prepayments 955 585
955 585
**7 ** Creditors: amounts falling due within one year
Accruals 2020
£
990		 2019
£
978
990 978
**8 ** Analysis of Net assets by fund General
Designated
Restricted
Endowment		 Total Funds Total Funds
Fixed assets for church use Funds
Funds
Funds
Funds
£
£
£
£
11,688		 2020
£
11,688		 2019
£
32,875
Current assets 110,223
66,779
4,710		 181,711 185,404
Current liabilities -990 -990 -978
120,921
66,779
4,710		 192,409 217,300
**9 ** Statement of funds Transfers,
Unrestricted Funds - undesignated At
other gains
1 Jan 2020
Income
Expenditure
and losses
£
£
£
£		 At
31 Dec 2020
£
General Fund 149,416
64,511
-84,007
-9,000		 120,921
149,416
64,511
-84,007
-9,000		 120,921
Unrestricted Funds - designated
Church Repair Fund 44,589
145
6,500		 51,233
Church Hall Repair Fund 13,002
43
2,500		 15,546
Church Yard Fund 1,000
-1,000
Audio Visual Fund 8,168
-8,168
Mission Fund 166
-166
65,924
1,188
-9,333
9,000		 66,779
Restricted Funds
Mission Fund -817
8,877
-7,345
18		 732
Amenities and Study Aids 1,813
1,290		 3,103
Audio Visual Fund 125
-125
Church Organisations Funds 839
133
-80
-18		 874
1,960
10,300
-7,550
0		 4,710
Endowment Funds
None
Total funds 217,300
75,999
-100,890
0		 192,409

Page 18

PAROCHIAL CHURCH COUNCIL OF ST GEORGE WEALD

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2020

9 Statement of funds (continued)

The designated funds comprise:

the Church Repair Fund (for repairs to the Church)

the Church Hall Repair Fund (for repairs to the Church Hall)

the Mission Fund designated for local people and projects (the "Weald Opportunity Fund")

the Audio Visual Fund for replacement and improvement of the existing audio visual facilites, for which the PCC designated £40,000 in 2015. £40,838 (plus restricted donations) was spent in 2016 and the assets are being depreciated over 5 years. A further £838 was designated from the General Fund to make up the full cost.

The restricted funds comprise:

the Mission Fund (for donations which have been given for specific charities)

The Churchyard fund (for donations which have been given specifically for the upkeep of the churchyard)

The Amenities and Studies Aid Fund (for donations which have been given specifically for improving the amenities at St George's.

the Church Heating Fund (for donations which have been given specifically for church heating costs)

the Audio Visual Fund (for donations which have been given specifically for replacement of the Church's Audio Visual facilities). These were spent in 2016 and the assets are being depreciated over 5 years,

the Church Organisations Fund (for donations which have been given specifically for use by those organisations. Currently the only Church Organisations fund is for Cameo)

Page 19

PAROCHIAL CHURCH COUNCIL OF ST GEORGE WEALD

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2020

10 Missionary and Charitable Giving

(a) Giving to missionary societies
Paula and Dean Finnie
Christians Against Poverty
The Gathering
(b) Giving-relief and development agencies
Mission Aviation Fellowship
Samara's Appeal
Christian Aid
(c) Home Mission
Children’s Society
London City Mission
St Francis Strood
Christian Viewpoint for Men
Friends of Rochester Cathedral
(d) Secular Charities
International Children Palliative Care Network
The Hygiene Bank
Porchlight
Earl Haig's Poppy Appeal
Other Grants
Hospice in the Weald
Friends of Families
National Trust
TOTAL		 2020
2020
2020
2020
2019
2019
2019
£
£
£
£
£
£
£
(unrestricted)
(unrestricted)
General
Designated
Restricted
Total
General
Restricted
Total
2,400
-
-
2,400
2,400
-
2,400
-
-
-
-
-
129
129
-
-
650
650
-
200
200
-
-
-
1,000
1,000
-
1,585
1,585
-
-
750
750
-
155
155
-
-
-
-
-
50
50
-
-
320
320
-
407
407
-
-
1,000
1,000
-
1,585
1,585
-
-
-
-
-
585
585
60
-
60
60
60
-
-
-
-
20
20
-
-
2,000
2,000
-
2,585
2,585
166
1,435
1,600
-
-
190
190
-
-
-
-
-
-
-
-
365
365
-
-
-
-
-
50
50
-
-
-
-
-
1,355
1,355
-
-
-
-
-
1,175
1,175
-
-
-
-
-
25
25
2,460
166
7,345
9,970
2,480
10,251
12,731

St George's also gives time each year in supporting Christian Aid Week. The funds raised are not included in the PCC accounts.

It is the policy of the PCC to donate at least 10% of its general income to charities.

In 2020 it donated £9,970, which represents 13.1% of total income of £75,999 (2019 12.8%).

Page 20