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2020-12-31-accounts

Charity Registration No. 1133784

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WILLINGDON

CHURCH OF ST MARY THE VIRGIN, WILLINGDON ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WILLINGDON CHURCH OF ST MARY THE VIRGIN, WILLINGDON CONTENTS

Page
PCC's report 2 - 9
Independent examiner's report 10
Statement of financial activities 11 - 12
Balance sheet 13
Notes to the financial statements 14 - 30

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WILLINGDON CHURCH OF ST MARY THE VIRGIN, WILLINGDON STATEMENT OF PCC'S RESPONSIBILITIES

FOR THE YEAR ENDED 31 DECEMBER 2020

The PCC are responsible for preparing the PCC's Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the PCC to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Church and of the incoming resources and application of resources of the Church for that year.

In preparing these financial statements, the PCC are required to:

The PCC are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the Church and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the Church and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Trustees Annual Report and Financial Report

Of

The Parochial Church Council of the Ecclesiastical Parish of

St Mary the Virgin, Willingdon

St Mary the Virgin Willingdon, Church Street, Willingdon BN20 9HT

Registered Charity no. 1133784

For the year ended 31[st] December 2020

Website: www.stmaryswillingdon.org

Incumbent: The Revd. Kevin Agnew. 35a Church Street, Willingdon BN20 9HR

Independent examiner: Nicholas Brown FCA DChA BFP Plummer Parsons, 18 Hyde Gardens, Eastbourne

Bankers: Barclays, East Sussex Branch. National Westminster, Eastbourne Town Centre Branch

St Mary the Virgin, Willingdon Trustees Annual Report for 2020

Our aims and purposes as charity

The PCC has the responsivity of co-operating with incumbent, The Revd Kevin Agnew, in:

The PCC also has the responsibility for the parish and for the repair and maintenance of the church Fabric, Church Hall and 37 Church Street.

What we planned to do to achieve our charitable objectives

When planning our activities for the year, the incumbent and the PCC have considered the Charity Commission’s guidance on public benefit and the specific guidance on ‘charities for the advancement of religion’.

For 2020 we discussed and planned the following objectives and activities to fulfil our aims.

During 2020 St Mary’s was Eco Bronze Award

St Mary the Virgin, Willingdon Trustees Annual Report for 2020

What we achieved and how we affected beneficiaries’ lives

Attendance at worship

The church family welcomes visitors from within, as well as outside, the parish boundary. Visitors attend by personal choice and it is our great pleasure to welcome anyone from all walks of life to take part in the life of the church. We contend that voluntary attendance to worship the Lord Jesus Christ, is a major demonstration of the public benefit of our activities.

We look to encourage the deepening of faith for all ages and, alongside our services, there is a programme for young people; Sunbeams (our mid-week worship for parents/carers and children), baptism preparation and ‘Kids on Sunday’ (our junior church). On the second Sunday of each month the children take an active part within the 9.45am Eucharist by serving and reading the prayers. Messy Church is a monthly worship, craft, and hospitality event for all.

There are currently 212 persons on the church electoral roll.

In March 2020 the worldwide Coronavirus Pandemic began. However, the life, witness and ministry of the church continued a in a new and very positive way.

All Covid -19 safety guidelines were adhered to, carefully following the advice from The Bishop of Chichester, the Church of England and the government.

As soon as the first lockdown took place communication links to the parish were set up via personal contact letters and the church website. A new pastoral support, via email, was created (St Mary, Pastoral Willingdon).

A weekly church bulletin has enabled St Mary’s to communicate with over 250 households each week. This includes the Sunday readings, biblical reflections and prayers. It has proved to be a vital communication for pastoral care and support. Communication also took place via Facebook.

Worship for Palm Sunday, Holy Week and Easter took place in The Vicarage and vicarage grounds and all services were live streamed.

The church live streamed an act of remembrance, led by the vicar, outside the church to commemorate the 75th anniversary of VE Day. Remembrance Sunday was live streamed due to Covid 19. Fr Kevin led the worship at Butts Brow for the annual service at the Ruthless Memorial and Deacon Sue led an act of remembrance for the local parish council outside the parish office.

Throughout the year the Sunday morning 9.45am Parish Eucharist was live streamed and, when permitted, an 8am service of Holy Communion and 11.30am Eucharist were added. Evensong took place on Sunday evenings and was live streamed. Compline took place every Thursday evening. When permitted the church was open twice a week for private prayer.

Contact with young families continued during the year via social media. Weekly contact with young families (kids on Sundays) continued and they were provided with activities based on the weekly church theme. Sunbeams continued via Zoom during the first lockdown and contact has been kept throughout the year. Christmas services such as the Christingle, the Christmas Crib Service, and the Epiphany service were all lived streamed. During the autumn the local scout group used The Vicarage garden for their meetings in order to meet safely outside. Unfortunately due to restrictions the following events had to be cancelled: our monthly Messy Church, the annual schools Christmas concerts, visits by the local Rainbows, the outdoor Church Street Nativity, the Christmas Tree Festival, our church/village Pantomime and the Summer Fair.

St Mary the Virgin, Willingdon Trustees Annual Report for 2020

Pastoral Care

Weekly fellowship took place twice a week from both The Church on the Trees and St Mary’s; giving people the opportunity to talk, support and see others via social media.

Pastoral care was given to the families of the bereaved and the clergy at St Mary’s took 46 funerals during the year. St Mary’s outreach continued to the local care home, providing pastoral support to families suffering bereavement.

Teaching, baptising and nurturing new and existing believers

Due to Covid 19 ll but one wedding were cancelled due to the pandemic however, pastoral care was given to all the couples during the year.

Confirmations had to be postponed and only 2 baptisms took place.

During the year we were able to ‘Zoom’ part of our Lent and Advent course. The Saturday Quiet Days also had to be cancelled after February.

We are deeply grateful to the Ministry Team who have supported the ongoing teaching and nurturing of the faith at St Mary’s. We continue to develop our fellowship together.

Evangelism and outreach

Whilst observing Covid regulations The Church on the Trees has continued to be a worshipping presence in the heart of Willingdon Trees Estate. Although the ‘café’ part of Café+Church has been suspended much of the year, the ‘Church’ part has flourished - masked up, socially distanced, and/or online. Numbers have even increased slightly and lay members have enthusiastically taken on duties which made for varied and vibrant worship.

During the pandemic St Mary’s continued to support various charities. A harvest collection took place for the Family Support work and the annual ‘Link to Hope’ shoebox appeal was very well supported. St Mary’s also held special collections for the Children’s Society and Christian Aid.

The church website is a valuable resource, informing the community and beyond of our mission and outreach to all.

Provision of the church building for people to enjoy

Our church continues to be appreciated by our parishioners and the local community. During the year the church was opened twice a week for private prayer when permitted to do so.

The Church Hall continued to be used by the Chalk Hill Pre-school, when permitted. Other groups usually using the hall suspended their meetings from March.

Building for the future

We intend to continue with our plans for the bell restorations and hope that this will involve the interest of the local community in many ways.

St Mary the Virgin, Willingdon Trustees Annual Report for 2020

Safeguarding

The church continues to review and update all safeguarding procedures, following the current diocesan guidelines including implementing ‘Simple Quality Protects’ (SQP). The Parochial Church Council fully recognises its duty to have due regard to the House of Bishops’ guidance on safeguarding children and vulnerable adults.

Grateful thanks to everyone who has contributed to the life, witness and mission of St Mary’s church during the past year.

Financial review

The accounts for the year to 31st December 2020 show a deficit of £22,817 following a reduction of income which is largely due to the Covid 19 pandemic. This deficit includes a reduction in investment values of £11,416.

The balance of our Unrestricted Funds at £591,830 includes £314,578 of fixed assets which need to be retained to enable us to operate. Our net Unrestricted Funds are therefore £277,252. A further £109,517 and £226 are held in Restricted and Endowment Funds respectively.

Incoming and Outgoing resources

The Covid Pandemic and the consequent lockdowns were largely responsible for the reduction of income as the church was not permitted to operate in the usual way.

Church services within the church building were not permitted for a significant part of the year and as a result, cash collections for the year were reduced.

The parish’s planned giving via standing order continues to work well and the Goodbox machine has been utilised during the periods when the church was permitted to open for private prayer.

Gift aid recoverable has decreased as donations are not as high as in previous years but we should emphasize the importance of giving in this way as it does increase the church’s income.

There were no weddings during 2020 but sadly there have been an increased number of funerals either at the church or at the crematorium.

There was a change in the tenancy at the Curate’s House which resulted in a slight reduction in rental income whilst the property was unoccupied. It is expected that the house will continue to be let for the foreseeable future.

Income from the Church Hall was reduced as it could not be used during the lockdown periods. The school restarted when permitted but other usage of the hall has been minimal resulting in a reduction of income of approximately 30%.

Other activities which have brought in much needed funds in previous years such as the Summer Fayre and the Christmas Tree Festival were also cancelled this year due to the pandemic.

We have however been fortunate to receive donations following two appeals during the year to help with the running operations.

St Mary the Virgin, Willingdon Trustees Annual Report for 2020

During the year the lighting project in the church was completed at a cost of £42,924. Now all of the costs have been identified an application for a grant to cover the VAT element will be made during 2021.

There have been a number of repairs required to the Curate’s House during the course of the year.

The PCC also anticipates a resolution to the organ repair during 2021.

Sharing the ministry costs of the Diocese of Chichester

The largest expenditure of the PCC was the sum of £55,785 paid to the diocese for our share of all church’s Parish Ministry Costs, including clergy stipends, pensions, housing and training as well as a share of central expenses. The original Parish Share for 2020 was agreed by the PCC at 103% of the Parish Share, a sum of £74,028. Due to restrictions in income the amount paid during the year was reduced in total to £55,785. The remaining balance of £18,243 has been written off by the diocese due to the extraordinary circumstances surrounding the Covid 19 pandemic.

The Parish Share for 2021 will be reviewed in early 2021 by the PCC.

Staff Costs

The Financial Administrator and Parish Administrator were retained for 2020.

The Parish Administrator was however furloughed or partly furloughed for the 9 months of the year.

Reserves Policy

The PCC regularly monitor the financial performance of the charity. We are currently anticipating large costs to carry out repairs to the Church Bells. We have carried out fundraising to help with this work, but realise that the shortfall may need to be covered by the Church and therefore the current level of unrestricted funds are considered appropriate by the PCC.

It is the PCC’s policy to maintain a general fund with sufficient monies available to cover six month’s expenditure. Other reserves are considered adequate, but there should be no complacency as, with listed buildings repairs when required can be costly.

Investments

The policy of the PCC is to retain funds with M&G Charifund for as long as is deemed appropriate. Further investments can only be made with a resolution of the PCC but existing monies can be held at the discretion of the Finance Committee with the Central Board of Finance for the Church of England, Building Societies, Scottish Widows Bank and the Nat West and Barclays banks on a short term basis.

The PCC will be taking advice on re investing any fixed asset investments which matured in 2020 or are due to mature in 2021.

Charitable Donations

It is the policy of the PCC to tithe a sum in the region of 10 % of its net income from ordinary activities for this purpose.

St Mary the Virgin, Willingdon

Trustees Annual Report for 2020

Historically this has been in the region of £8,000 but due to the decrease in income during the year it was not possible to make donations for 2020.

Structure and governance and management of the charity

The Parochial Church Council (PCC) is a registered with the Charity Commission as required by the Charities Act 2011. Its governing document is the Parochial Church Council (Powers) Measure 1956 The PCC met 8 times during the year with an average attendance of 83.75%. The following served as members of the Parochial Church Council:

Ex Officio members

Incumbent The Rev’d Kevin Agnew Dip MinTh
Associate Vicars The Rev’d Deacon Sue Wilkinson FD TCM
The Rev’d Merriel Woodward PG Dip. Ministry & Mission
Readers Mrs Lyn Bishop
Mrs Vicky Peattie (left 13/07/2020)
Mr Jeremy Rowett
Wardens Mrs Iona Taylor
Mr Trevor Amey
Deanery Synod Reps Mr Paul Martin
Mr Olaf Hoeg
General Synod Mrs Tina Nay (left 21/09/2020)
Elected Members Mrs Joyce Benstead
Mr Geoff Grundy
Mrs Jan Grundy
Mr John Hemingway
Mr Jolly Pett
Mrs Mary Wright (left 13/07/2020)
Mrs Beryl Edmonson (left 12/10/2020)
Mr Garth Fisher (left 12/10/2020)
Mr Christopher Walsh (left 12/10/2020)
Mrs Sue Walsh (Parish Safeguarding Officer)
Mr Brian Waters
Mr David Fleuty
Mr Jim Tomsett (joined 12/10/2020)
Mrs Sheila Pullen (joined 12/10/2020, left 09/11/2020)
Ms Val Winslade (joined 12/10/2020)
Mrs Lynne Lorraine (joined 09/11/2020)
PCC Secretary Ms Val Winslade

St Mary the Virgin, Willingdon Trustees Annual Report for 2020 Membership of the PCC is determined under the Church Representative Rules and consists of certain ex-offtcio mèmbèrs (the incumbent, associate vicars, curate, lay reader5 licenced to officiate in the church), the church wardens and members of the Deanery. Diocesan or General Synods and up to 15 members of the Ch￿￿h who are elected at the AnThJal Parochlal Church Meeting IAPCMI. Members a￿ warmly encouraged to stsnd for election to the PCC and we try to ensure a balantÈ of skills and experience where posslble. The Trustees, Annual Rewjn was approved by the PCC and slgned on their behalf by Mr T Amèy.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WILLINGDON CHURCH OF ST MARY THE VIRGIN, WILLINGDON INDEPENDENT EXAMINER'S REPORT TO THE PCC OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF MLUNGDON I report to the PCC on my èxamSnaUon of the flnaThxal stalements of The Parothial Church Counul of tha Ecdasiastical Parlsh ofwillingdon (the Church) for the yew ended 31 tlecemb&r 2020. R•sponsibilili•s and basis ol ¥¢i￿rt As th? PCC of the Churth you are responsible for the preparation of the fman(aal s1otem¢nts in awdan th th¥ requiTrm¥nts of tho Char¢besAct 2011 Ilhe 2011 Act). I repNt In respect of my exAminatic¥) of thè Church's finandal slatements cathed out under secth)n 145 of 2011 ACL In carying oui my èxaminatbn I have foll¢wed all the applic2trAe Direct￿)nS given by thè Charity Commissyk under section 14S5llbl of the 2011 Act. ty examinat#)n was carried out in accordance with the 9eneral DirectKJfts gbven by the Charity Commissm. An examination indudes a reviw of the a<tounting recuds kept by ihe PCC and a cunpariscffi of the a￿O￿nts Present￿ tfr¥)se records. It also i￿ludeS Considerat￿ of any unusual items or disdosures In the a¢counts. and $eèking exFlanations from you as trustees con¢w￿9 afty suth rnattors. Th8 procdures undèrtakèn do not provide all the wdencè that b8 requirgd in ￿ audit and consequenty no opinion is gwen as to wheth8r thg ￿nts present a '1￿ 8NI falr vlew, aThJ th8 reFNt ss IMntt8d to mattws set out in the next statement. Inde￿ndnt ex￿hle¢S statement Your atteTht￿tn ts drawn lo the fact Ihat the charity has preparad ffinanual slatements in ac0Nda￿E V&ith ACt￿nting and Reporb"ng by Ch8riti8s prep8ring th&lr acctjunts in accordance wlth Finanfy81 Reportin9 Standard ap￿1(able in the UK and Republic of If•land IFRS 1021 in wefer8ncE lo Ihe Accounting and Reportin9 by Ch&ities". Statement of RerLJrrffiended Pra¢ti¢& i$$u¥d on 1 Aprll 2(KIS whlch Is referted to In the extant regulations but has now been wilhdrawn. l undoff¥tsTh1 that Ihis has be￿ dona in order for fInar￿la1 Statements to F￿vAle 8 true fair vw acrordanr with Gene￿lY Accepted Ac(x)unting Practs'ce effedive for rnportiNJ ￿riOdS beginning on or After 1 January 201S. I have completed my examination. l ¢onfirm that no fflattw5 have coma to my attention in connecaion wilh the e￿MInal￿ gNing rre c8use to tsliev? th¥t in any material ￿sPect.. ac¢oJnt¥ig re¢ord5 were not kept in respect d Ihe Churth as requir&J by sectJi 130 of the 2011 kL' or the financial staternents th) not ￿LOrd wlh th0￿ records.. or thè finana81 ststements do not comply with ihe applic8Utr r¥qulr&mnts o)nctrmlng the forn aThJ conlgnt of sgt out in thg Chaiiti8s (Acujunts and Repots) Regulations 2008 other than wy quirement that Ihe 8crAJunts give a true 8nd fair ¥i8w which is not a matter considered as part of 1ThJepend￿I exaThinalion. I have no con atten1￿Tr sho be r08ch andh come auoss no other rnatter5 in conngction wth the examinatron to whK thi5 report in order to eftabk a proper understanding of the financkal statements Ni¢hol8$ FC BFP 18 Hyde ardèns EastbJume East Sussex 8N214PT Dated.. 10-

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTleAL PARISH OF WILLINGDON CHURCH OF ST MARY THE VIRGIN, WILLINGDON BALANCE SHEET ASAT31 DECEMBER 2020 2020 2019 Fixed assets T8ngit)18 assets Inv•stmÈnts 14 15 314.578 86,675 316.535 98.091 401,253 414.626 stod(s Debtor8 Cash at bank and in hand 17 399 14,862 302,930 22,113 307.172 318,191 330.128 Cr•dltors: amounts fa115ng du•wlthln one year 19 (17.871) (20.3641 wrr¢nt assets 309,764 Total assets less current Ilabllltle* 701,S73 724.390 Capltal funds ndowme General en&)wment knnds 226 218 Endowment fvnds 21 226 218 Restsicied fvnds 109.517 127.015 Designated lunds.. Gènar81 unr￿1th fund5 241.760 350,070 24'1.760 355.397 591,830 597,157 701,5n 724.390 Th• financial staleme¢)ts w•r• approved by the PCC on ......................... MrT Amey 13_

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WILLINGDON CHURCH OF ST MARY THE VIRGIN, WILLINGDON NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

1 Accounting policies

Charity information

Church of St Mary the Virgin, Willingdon is an unincorporated charity, governed by the Parochial Church Councils (Powers) Measure 1956 and Church Representation Rules. It is registered with the Charity Commission under charity number 1133784.

1.1 Accounting convention

The financial statements have been prepared in accordance with the Church's [governing document], the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The Church is a Public Benefit Entity as defined by FRS 102.

The Church has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements have been prepared with early application of the FRS 102 Triennial Review 2017 amendments in full.

The accounts are prepared in sterling, which is the functional currency of the Church. Monetary amounts in these financial statements are rounded to the nearest £.

The accounts have been prepared under the historical cost convention, except for investment assets which are shown at fair 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 affiliation to another body, nor those which are informal gatherings of church members.

1.2 Going concern

At the time of approving the financial statements, the PCC have a reasonable expectation that the Church has adequate resources to continue in operational existence for the foreseeable future. Thus the PCC continue to adopt the going concern basis of accounting in preparing the financial statements.

At the date of this report, there exists considerable uncertainty regarding the potential impact of the Coronavirus and the economic consequences, both within the U.K. and overseas, which may result from government policies to contain the spread. The duration and geographical extent of any possible lockdown or future government policies are unknown. Whilst we are unable to predict what the economic consequences may be and the impact on the charity’s future ability to continue trading, we have continued to use the going concern basis as appropriate in the preparation of these accounts.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the PCC in furtherance of their charitable objectives.

Designated funds are set aside by the PCC for specific future purposes or projects.

Restricted funds are either income from trusts or endowments which may be expended only on those restricted objects provided in the terms of the trust or bequest; or 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.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WILLINGDON CHURCH OF ST MARY THE VIRGIN, WILLINGDON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2020

1 Accounting policies

(Continued)

Endowment funds - the capital of which must be maintained; only income arising from the investment of the endowment may be used, either as restricted or unrestricted funds, depending on the purpose set out in the terms of the original endowment.

1.4 Income

All income and endowments are accounted for without deduction for any costs of receivability, are recognised when there is evidence of entitlement, receipt is probable, and the amount can be measured reliably.

Collections are recognised when received. Planned giving receivable is recognised when there is evidence of entitlement, receipt is probable, and the amount accords with the Gift Aid declaration or other record of intention to donate. Gift Aid recovered is recognised when the income to which it is attached is recognised.

Grants and legacies are recognised when the formal offer in writing of the funding is received by the PCC.

Sales of magazines and study notes are recognised when received. Rents from property are recognised in accordance with the rental agreements, when receipt is probable.

Trading activities are where income is receivable in return for selling goods or providing services. Income from trading is recognised when received. Investment income - dividends are accounted for when due and payable. Interest entitlements are accounted for as they accrue. All other income is recognised in accordance with the above overall policy.

Realised gains are recognised when the investments are sold. Unrealised gains and losses are accounted for on revaluation at 31 December.

1.5 Expenditure

Expenditure is accounted for on the accruals basis and accounted for gross.

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

The Diocesan parish contribution is accounted for on an annual basis, reflecting the allocation set by our Deanery. 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.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WILLINGDON CHURCH OF ST MARY THE VIRGIN, WILLINGDON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2020

1 Accounting policies

(Continued)

1.6 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 held by the Vicar and Churchwardens on special trust for the PCC and which require a faculty for disposal, are accounted as inalienable property unless consecrated. They are listed in the church's inventory which can be inspected but are not included in the financial statements. For other property acquired prior to November 1984 there is insufficient cost information available and therefore the cost of such assets is not stated in the financial statements. All expenditure on consecrated or beneficed buildings and individual items costing under £1,000 are written off in the year they were incurred.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings Nil Audio and visual equipment 14% reducing balance basis Office equipment 14% reducing balance basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.

No depreciation is provided on freehold property as it is the PCC's policy to maintain these assets in a continual state of sound repair. The useful economic life of these assets is so long and the residual value so high that any depreciation would not be material. These assets will be subject to annual impairment reviews. Provision will be made if there has been any permanent diminution in value.

1.7 Fixed asset investments

Fixed asset investments are measured at fair value at the balance sheet date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

1.8 Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

1.9 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with the CBF Church of England Funds or at the bank and other short-term liquid investments with original maturities of three months or less.

1.10 Employee benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WILLINGDON CHURCH OF ST MARY THE VIRGIN, WILLINGDON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2020

2 Donations and legacies

Unrestricted
Restricted
funds
funds
general
2020
2020
£
£
Planned giving
60,756
-
Legacies receivable
2,000
-
Grants
7,452
-
Loose cash collections
2,987
-
Other special appeals
17,009
80
Summer fete and Music concerts
70
-
Gift Aid recoverable
14,286
-
Donations
2,053
2,000
106,613
2,080
For the year ended 31 December 2019
113,168
8,919		 Total
2020
£
60,756
2,000
7,452
2,987
17,089
70
14,286
4,053
108,693		 Total
2019
£
58,015
3,621
3,277
13,092
12,370
4,659
22,554
4,499
122,087
122,087
Sales of the parish magazine
Church centre hiring fees
Magazine advertisement fees
Rent from letting of parish house
Traidcraft stall
Fees for weddings, funerals and baptisms		 2020
£
1,078
10,183
176
11,800
1,676
6,777
31,690		 2019
£
1,693
14,099
1,907
15,305
1,841
3,936
38,781

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WILLINGDON CHURCH OF ST MARY THE VIRGIN, WILLINGDON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2020

4 Investments

Unrestricted
Restricted
funds
funds
general
2020
2020
£
£
Income from unlisted
investments
-
3,252
Interest receivable
1,119
141
1,119
3,393		 Total Unrestricted
Restricted
funds
funds
general
2020
2019
2019
£
£
£
3,252
-
3,561
1,260
1,783
185
4,512
1,783
3,746		 Total
2019
£
3,561
1,968
5,529

5 Other income

Unrestricted Unrestricted
funds
funds
general
general
2020
2019
£
£
675
773
Total Unrestricted
Restricted
Total
funds
funds
general
2020
2019
2019
2019
£
£
£
£
3,901
790
1,556
2,346
-
-
105
105
90
893
-
893
-
154
-
154
3,991
1,837
1,661
3,498
3,991
1,837
1,661
3,498		 Unrestricted Unrestricted
funds
funds
general
general
2020
2019
£
£
675
773
Total Unrestricted
Restricted
Total
funds
funds
general
2020
2019
2019
2019
£
£
£
£
3,901
790
1,556
2,346
-
-
105
105
90
893
-
893
-
154
-
154
3,991
1,837
1,661
3,498
3,991
1,837
1,661
3,498
Other receipts
Raising funds
Unrestricted
Restricted
funds
funds
general
2020
2020
£
£
Fundraising and publicity
Special appeals costs
(e.g. adverts, brochures)
3,581
320
Music concert costs
-
-
Summer fete
90
-
Advertising
-
-
Fundraising and publicity
3,671
320
3,671
320
Total
2019
£
2,346
105
893
154
3,498
3,498

6 Raising funds

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WILLINGDON CHURCH OF ST MARY THE VIRGIN, WILLINGDON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2020

7 Charitable activities

Church
activities
Church
activities
Community
outreach
2020
2019
2019
£
£
£
Staff costs
12,878
16,114
-
Depreciation and impairment
1,956
2,845
-
Ministry - diocesan parish contribution
55,785
73,884
-
Ministry - other clergy costs
5,675
6,026
-
Upkeep of services
514
1,192
-
Church running
12,310
25,184
-
Youth ministry
99
510
-
Church maintenance and repair
41,053
6,335
-
Upkeep of churchyard
2,396
2,778
-
132,666
134,868
-
Grant funding of activities (see note 8)
181
9,818
500
Share of governance costs (see note 9)
3,411
5,925
-
136,258
150,611
500
Analysis by fund
Unrestricted funds - general
130,556
148,517
500
Restricted funds
5,702
2,094
-
136,258
150,611
500		 Total
2019
£
16,114
2,845
73,884
6,026
1,192
25,184
510
6,335
2,778
134,868
10,318
5,925
151,111
149,017
2,094
151,111

Governance costs are fees for the Independent Examination of the accounts and HR fees.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WILLINGDON CHURCH OF ST MARY THE VIRGIN, WILLINGDON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2020

8 Grants payable
Church
activities
Community
outreach
£
£
Grants to institutions:
Overseas:
Bible Society
-
-
Mission to Seafarers
-
-
Leprosy Mission
-
-
Church Missionary Society
-
-
Us
-
-
Samaria Aid
-
-
Christian Relief and Development Agencies:
Christian Aid
-
-
Sight Savers
-
-
Mission Aviation Fellowship
-
-
IDWAL
-
-
Oasis India
-
-
Farm Africa
-
-
Friends of the Holy Land
-
-
Home:
Corporation of the Sons of the Clergy
-
-
Train a Priest Fund
-
-
Childrens Society
-
-
St Lukes Healthcare for Clergy
-
-
Matthew 25 Mission
-
-
Salvation Army
-
-
Family Support Work
-
-
Beachy Head Chaplain
-
-
People Matter
-
-
Eastbourne Food Bank
-
-
Eco Church
125
-
Sundry donations
56
-
181
-
Grants to individuals
-
-
181
-		 Total
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
125
56
181
-
181		 2019
£
400
400
400
400
400
400
500
400
250
250
250
250
250
250
250
1,495
250
550
500
1,123
300
300
250
-
-
9,818
500
10,318

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WILLINGDON CHURCH OF ST MARY THE VIRGIN, WILLINGDON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2020

9
Support costs
Support
costs
Governance
costs
£
£
Legal and professional
-
657
Accounting and
Independent
Examination fees
-
2,754
-
3,411
Analysed between
Charitable activities
-
3,411		 2020
Support
costs
Governance
costs
£
£
£
657
-
3,975
2,754
-
1,950
3,411
-
5,925
3,411
-
5,925		 2019
£
3,975
1,950
5,925
5,925

Governance costs above include payments to the Independent Examiner of £2,754 (2019: £1,950) for accountancy and Independent Examination services.

10 PCC

No PCC members or persons closely connected to them received any form of remuneration. No persons received remuneration in excess of £60,000.

11 Employees

Number of employees

The average monthly number of employees during the year was:

2020 2019
Number Number
2 4
Employment costs 2020 2019
£ £
Wages and salaries 12,666 15,838
Social security costs 212 276
12,878 16,114

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WILLINGDON CHURCH OF ST MARY THE VIRGIN, WILLINGDON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2020

12 Other

Unrestricted
Restricted
funds
funds
general
2020
2020
Traidcraft stall
1,939
-
Other trading costs
1,999
4,586
Other expenditure
8,198
-
12,136
4,586		 Total Unrestricted
funds
£
general
2020
2019
1,939
1,426
6,585
6,982
8,198
19,824
16,722
28,232		 Total Unrestricted
funds
£
general
2020
2019
1,939
1,426
6,585
6,982
8,198
19,824
16,722
28,232
28,232

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WILLINGDON CHURCH OF ST MARY THE VIRGIN, WILLINGDON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2020

14 Tangible fixed assets

Tangible fixed assets
Freehold land
and buildings
Audio and
visual
equipment
Office
equipment
£
£
£
Cost
At 1 January 2020
302,562
15,795
18,598
At 31 December 2020
302,562
15,795
18,598
Depreciation and impairment
At 1 January 2020
-
5,935
14,485
Depreciation charged in the year
-
1,381
576
At 31 December 2020
-
7,316
15,061
Carrying amount
At 31 December 2020
302,562
8,479
3,537
At 31 December 2019
302,562
9,860
4,113		 Total
£
336,955
336,955
20,420
1,957
22,377
314,578
316,535

Freehold land and buildings is £60,000 Church Hall, and the Church House at £242,562.

15 Fixed asset investments

Unlisted
investments
£
Cost or valuation
At 1 January 2020 98,091
Valuation changes (11,416)
At 31 December 2020 86,675
Carrying amount
At 31 December 2020 86,675
At 31 December 2019 98,091

The carrying amount at 31 December 2020 represents £27,553 Unrestricted Funds, £58,897 in Restricted Funds and £225 in Endowment Funds.

The holding at 31 December 2020 was 16,244 shares in CBF Fixed Interest Securities Fund held by the PCC, 4291 Charifund Income Units held by Dingley Dell Fund and 132 CBF Fixed Interest Securities Fund held in the Fraser Trust.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WILLINGDON

CHURCH OF ST MARY THE VIRGIN, WILLINGDON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2020

16
Financial instruments
Carrying amount of financial assets
Instruments measured at fair value through profit or loss
17
Stocks
Finished goods and goods for resale
18
Debtors
Amounts falling due within one year:
Other debtors
Prepayments and accrued income
Other debtors represent income tax recoverable.
19
Creditors: amounts falling due within one year
Accruals and deferred income
20
Retirement benefit schemes		 2020
£
86,675
2020
£
399
2020
£
8,286
6,576
14,862		 2019
£
98,091
2019
£
843
2019
£
10,971
11,142
22,113
2020
£
17,871		 2019
£
20,364

The Church operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the Church in an independently administered fund.

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WILLINGDON CHURCH OF ST MARY THE VIRGIN, WILLINGDON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2020

23 Designated funds

The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:

Movement in funds
Balance at 1 Incoming Resources Balance at 31
January resources expended December
2020 2020
£ £ £ £
Church Hall 60,000 - - 60,000
Church House 50% 55,062 - - 55,062
Repairs reserve for Church 31,337 - - 31,337
Repairs reserve Hall and house 32,169 - - 32,169
Willingdon Trees Support 55,041 - - 55,041
Youth Clubs 2,392 - - 2,392
Church Organ Fund 5,136 - - 5,136
Social Fund 400 - - 400
Bells Restoration fund 223 - - 223
241,760 - - 241,760

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WILLINGDON CHURCH OF ST MARY THE VIRGIN, WILLINGDON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2020

25 Related party transactions

Transactions with related parties

During the year, payments of £4,355 were made to 6 Trustees and their related parties for the reimbursement of church operating expenses (2019: payments of £6,143 were made to 9 trustees).

Rev M Woodward, trustee, is also a trustee of the Trees Community Association. During the year, payments of £2,628 were made to the Association for hire of facilities (2019: NIL).

Many of the trustees regularly give to the work of the Church and £7,791 was given during the year (2019: £7,028). In addition to this, trustees will give through anonymous cash collections and therefore it is not practical to quantify the full amount of donations received from trustees during the year.

During the year, Rev Sue Wilkinson, trustee, commenced renting a property owned by the PCC. Rent of £9,000 was received from Rev Wilkinson (2019: NIL)