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2020-12-31-accounts

PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF

ST PAUL’S CHICHESTER

(REGISTERED CHARITY NO. 1133785)

TRUSTEES ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED

31 DECEMBER 2020

Principal address St Paul’s Church
Churchside
Chichester
West Sussex PO19 6FT
Independent examiner Michael Merritt FCA
Lewis Brownlee (Chichester) Limited
Appledram Barns
Birdham Road
Chichester PO20 7EQ
Bankers Barclays Bank plc
74/75 East Street
Chichester
West Sussex PO19 1HR

PAROCHIAL CHURCH COUNCIL OF ST PAUL’S CHICHESTER

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020
CONTENTS PAGES
Trustees’ Annual report 2
Statement of responsibilities of the members of the PCC 8
Independent examiner's report 9
Statement of financial activities 10
Balance sheet 11
Notes to the financial statements 12

1

PAROCHIAL CHURCH COUNCIL OF ST PAUL’S CHICHESTER

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 DECEMBER 2020

The trustees have pleasure in presenting their report and the unaudited financial statements of the charity for the year ended 31 December 2020.

Our aims and purposes as a charity

St Paul’s PCC became a registered charity on 26 January 2010. The charity’s name is The Parochial Church Council of the Ecclesiastical Parish of St Pauls, Chichester and the charity number is 1133785.

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

The Council has complied with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016, fully recognising its duty to have due regard to House of Bishops' guidance on safeguarding children and vulnerable adults.

Our Goals

After a consultation with the congregation in 2017, the PCC adopted five goals towards which we continue to work. They are as follows:

  1. A true parish church - rooted in the life of the city, responsive to local needs, and open to all.

  2. A place of imaginative and inspiring worship, with the Eucharist at our heart.

  3. A community of faith, committed to deepening our own discipleship and nurturing the faith of others, not least children and young people.

  4. A church that promotes a culture of inclusion, safeguarding, stewardship and good governance.

  5. A supportive and caring congregation, with strong mission links and a commitment to environmental sustainability.

How we are seeking to be a true parish church- rooted in the life of the city, responsive to local needs, and open to all.

Until the first period of lockdown in March, the church was open from early morning until 6pm each day. Both the church and the parish centre were being used by church-run groups and non-church groups alike.

Church-run groups include Cherubs for babies, toddlers and their parents and a Ladies’ Group. The parish centre offered meeting space for refugees and asylum seekers who are linked to Sanctuary in Chichester. The parish centre was also used by a rock choir, several WEA courses, two yoga classes and for meetings of the National Childbirth Trust. It served as the exam centre for practical and theory music exams for the Associated Board of the

2

Royal Schools of Music and Trinity. It was also used for some NHS groups dealing with depression and mood management, long-term illness and disability, and adolescent mental health problems with up to three meetings each week. Every week Say Aphasia met to offer support to stroke patients. The church was used in the evenings by the Chichester Symphony Orchestra, Chichester Singers and Chichester Chorale. The church was also used by the NHS Blood Transfusion service for seven blood donor sessions.

St Paul’s participated in the city-wide scheme to offer homeless people the possibility of one hot meal each day. Our contribution was a cooked breakfast each Saturday that attracted fifteen people on average.

St Michael’s Hall continued to offer the only significant meeting place in the large residential area in the north of the city. It was in almost constant use by keep fit classes (three yoga, and one Pilates), two art groups, Rainbow and Guide meetings, weekly meetings of a children’s drama school (Perform), a mother and toddler group, puppy training, falls prevention classes, line dancing and a social group for elderly residents. It also provided a meeting space for the local residents’ association and an holistic therapists’ group. The Chichester City Band used St Michael’s two times each week for practice. There was a monthly Sunday tea party and Evensong at St Michael’s, mostly for people who would otherwise be spending the day by themselves. St Michael’s Hall remained closed from March onwards. The buildings on the St Paul’s site had to be closed during the first period of lockdown. Limited re-opening for private prayer was permitted in June and congregational worship resumed in July. During the year there were seven Baptisms, one wedding, six funerals and two memorial services.

Volunteers were regularly taking communion to people in their own homes when they were unable to get to church and this practice was resumed whenever Covid regulations permitted. Likewise, monthly services were held at Byron Court, Augusta Court, Marriott Lodge and Wellington Grange, the residential and nursing homes in the parish until March but not for the rest of the year. St Paul’s provided office space for the Anna Chaplaincy that resources the spiritual journey of older people, especially those who were room bound, house bound and in care homes.

The project group that was set up to oversee proposed developments to the church and parish centre continued to meet. The building was made more accessible by the construction of new ramps and electric doors. This work, that was funded by a grant from the Heritage Lottery Fund was completed in the late summer and dedicated in September.

In August estimates for the second phase of the work became available. The PCC agreed to proceed with the development that would be funded by the Allen Trust and the sale of Regnum Court. The work began in the autumn and is due to be completed in May 2021. There will be a new kitchen, better storage facilities, and new community space. The existing windows will be replaced with high-quality double-glazing and the premises will be redecorated. All of this work is being undertaken with a view to reducing energy loss and minimising environmental damage.

The third phase will be focused on the church itself. It will involve installing a completely new scheme of lighting, replacing the wall hangings with acoustic panels, installing a permanent projector and screen , improving and redecorating the porch, and undertaking the complete repainting of the walls and ceiling, including the sanctuary.

Under the title St Paul’s Renewed , a vigorous programme of fundraising was initiated. Applications were made to charitable trusts for grants and this is ongoing. St Paul’s was nominated as the charity for the Goodwood Festival of Speed but this event was cancelled. It

3

is hoped that it will take place in 2021. A proposal to hold a flower festival in 2021 to mark the completion of all phases of the building work has also been postponed.

How St Paul’s is a place of imaginative and inspiring worship, with the Eucharist at our heart.

The main service, at which the Eucharist is celebrated, takes place at 10am on Sundays and this has continued since July. The Thursday morning Eucharist was also resumed when Covid regulations permitted. The requirements for self-isolation among many members of the congregation have meant that it was not possible to measure the usual Sunday attendance which assessed across England in October each year.

Closure of the buildings from March until July did not mean the cessation of worship. Services were streamed and included a Sunday Eucharist celebrated in a retired priest’s garden and occasional services of Morning and Evening Prayer offered by the director of music. In addition, there was a weekly online Sunday School.

Since the reopening of the church for worship in July, the Sunday and Thursday Eucharists have been streamed live and made available on the website and on Facebook.

How St Paul’s aspires to be a community of faith, committed to deepening our own discipleship and nurturing the faith of others, not least children and young people.

St Paul’s is concerned to continue to offer many opportunities for prayer, worship and Christian fellowship. From January to March, the pattern of activity remained as it had for the previous year. The Eucharist was celebrated at services on Sundays, Tuesdays and Thursdays. Morning and Evening Prayer were said each day. The monthly Cafe Church continued to be a popular option for busy families with children.

From March this all changed when much activity moved online. During the first period of lockdown the rector wrote a daily blog. The church newsletter The Grapevine was produced weekly and delivered by a team of volunteers to parishioners who did not have internet access. The Lent course was curtailed by the first period of lockdown but an Advent course did take place. Opportunities for meeting for conversation, reflection and prayer were provided through weekly Zoom meetings and a monthly Lectio Divina.

Sunday School moved to Zoom and continued to meet in this way for the rest of the year. The popular Christingle service took place in church and attracted about 50 participants. A nativity play that incorporated still photographs of children taken in safe way at the local donkey sanctuary was made available online.

A new children’s and youth worker was appointed during the year to fill the vacancy created when the former post-holder left to train for ordination. Grants from the Diocesan Mission Fund and the St John’s Trust made it possible to appoint a schools’ worker to work mainly in Central School.

How we are working towards being a church that promotes a culture of inclusion, safeguarding, stewardship and good governance.

The number recorder on the electoral roll at the Annual Parochial Church Meeting on 20 October was 233.

The church is attended by people of all ages and they are encouraged to play an active part in services and a wide range of volunteer roles. There is no distinction between men and women in the offices that can be held. The congregation contains a refreshing spectrum of people

4

with ethnicities other than the UK white classification that reflects the diversity within the parish. It also embraces people with learning difficulties, mental health issues and physical disabilities. Over the years the church has been home to people irrespective of their sexual orientation or gender reassignment. The PCC had hoped to consider how St Paul’s might be made a more sight-friendly church, but this discussion had to be postponed.

The PCC received regular reports about safeguarding and took steps to ensure that the safeguarding policies relating to children and to vulnerable adults were up to date and prominently displayed. In March the safeguarding measures at St Paul’s, along with all Anglican churches, were scrutinised by a team from the Diocese of Chichester and found to be satisfactory.

The PCC met in person twice in February and March. From July monthly meetings were conducted via Zoom and nearly always had a one hundred per cent attendance. The Standing Committee met eight times in 2020.

Meetings were mostly taken up with consideration of the building work and reports on finance, including a debt owing to the Pensions Board. It was agreed to have a stewardship campaign to start in February 2021. A card reader was installed in the church to facilitate contactless giving. New HR policies were agreed as were changes in the length of office for PCC and Deanery Synod members. Some discussion took place about a proposal from the rector to commission a Christus figure.

How we try to be a supportive and caring congregation, with strong mission links and a commitment to environmental sustainability.

Until March, the pastoral care team continued to function through trying to ensure that visits were made people in residential and nursing homes and those unable to come to church and in offering lifts to medical appointments. Additional volunteers were recruited in advance of lockdown in order to help with shopping and delivery of prescription medicines. In addition to assistance given to members of the congregation, a handful of requests from the local authority were also met.

The usual fund-raising events to support mission were not able to take place. St Paul’s has long-standing commitment to give five per cent of income to mission agencies and charities. There has been a mixture of standard beneficiaries and organisations recommended by members of the congregation. The apportionment of the funds was made in 2021 but consultation with the congregation was not possible. Donations were made to the Church Army’s Centre of Mission in Southampton, the Church Mission Society, BEATS which is a school set up in Sumatra after the devastation of the tsunami in 2004, and the Chichester Diocesan Harvest Appeal for West Africa, USPG for its work in South India. Additional donations were made to Confide that offers a local counselling service to those of any faith or none, not least to those on low incomes, the Chichester City Centre drop-in centre that runs a safe after-school drop-in for secondary school children, the Snowdrop Trust for children with life-limiting illnesses, and Sanctuary in Chichester that offers support to asylum seekers and refugees. Money was also set aside to provide breakfasts for homeless people.

A monthly donation of food and toiletries to Stonepillow, a local homelessness charity, continued whenever possible. At Christmas, members of the congregation bought toys to be given to children who had contact with the Diocesan Family Social Work projects.

5

We are a Fair-Trade church and are committed to using fair trade products wherever possible. We hold an Eco-congregation award, and our green credentials are subject to regular internal scrutiny

Governance and management of the charity

The Parochial Church Council (PCC) is registered with the Charity Commission as required by the Charities Act 2011. Its governing document is the Parochial Church Councils (Powers) Measure 1956

Committees

The Standing Committee is the only committee required by law. It has power to transact the business of the PCC between its meetings, subject to any direction given by the Council. The Standing Committee met eight times in 2020. The PCC agreed at its meeting in November that the Committee could, if circumstances warranted, spend up to £5000 without consultation with the Council.

Risks

The PCC have reviewed and assessed the risks relating to its activities and satisfied that they have taken all reasonable steps to limit or provide cover for the major risks.

Reserves

It is PCC policy to maintain a balance on the unrestricted reserves (excluding property) which it considers appropriate as a contingency for unforeseen bills.

The General Fund (which is effectively the unrestricted fund excluding all the designated funds) had a balance at the year-end of £ 220 (2019 £11,398)

Investment Policies

The PCC has authority and power to invest its funds in accordance with its legal responsibilities.

Membership of Parochial Church Council (PCC)

During the year the following served as members of the Parochial Church Council: Ex Officio members

Incumbent: The Rev’d Canon Simon Holland Chairman The Rev’d Martha Weatherill Assistant Curate until September and subsequently Associate Rector The Rev’d Rachel Hawes Associate Rector Readers: John Ashwin, Martin Cooke, Alison Horncastle Churchwardens: John Ashwin Alison Horncastle (until October 2020) David Foster (Vice-chairman from October 2020) Elected Members Jennifer Aitchinson (from October 2020) Alison Barclay (until October 2020)

6

Rachel Brown (elected member till April 2019; co-opted member from June 2019 until October 2020)

Meta Dunn (from October 2020) James Dunn (from April 2019 until June 2020) Margaret Elkin (from April 2019) David Foster (Secretary until November 2020) Charles Gauntlet Emily Lawrence (until August 2020) Richard Radford Valerie Sargeant (from 2020) Peter Shaw (until October 2020) Roderick Smith (Treasurer. Co-opted member until October 2020. Elected member from 2020) Bruce Taylor (until October 2020) Chantal Tomlinson (from October 2020) Nicola Tongue (until February 2020) Martin Troy Patricia Vincent-Townend (from October 2020) Jack Wingfield (until October 2020)

*Standing Committee member

Deanery Synod Meta Dunn (until October 2020) Jill Goulding (from October 2020) Margaret Heald * Valerie Sargeant (until October 2020) Martin Tomlinson (from October 2020)

Secretary Emma Baverstock (appointed from November)

Membership of the PCC is determined under the Church Representation Rules and consists of certain ex-officio members (the incumbent/priest-in-charge, curate, lay readers licensed to officiate in the church), the churchwardens and members of the Deanery, Diocesan or General Synods and 12 members of the church.

This Trustees’ Annual Report was approved by the PCC and signed on their behalf by The Revd. Canon Simon Holland, PCC Chairman

………………………………………………………………………………

Date…………………………………………………

7

PAROCHIAL CHURCH COUNCIL OF ST PAUL’S CHICHESTER

STATEMENT OF RESPONSIBILITIES OF THE MEMBERS

YEAR ENDED 31 DECEMBER 2020

The Charities Act and Charity Law and Church Accounting Regulations 2006 require the members of the PCC to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity at the end of the year and of the incoming and outgoing resources for the year then ended.

In preparing those financial statements, the members of the PCC are required to:

The members of the PCC are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act and Charity Law and Church Accounting Regulations 2006. The members of the PCC are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

8

PAROCHIAL CHURCH COUNCIL OF ST PAUL’S CHICHESTER

Independent examiner’s report to the members of PCC of St Paul’s Church

I report to the members on my examination of the accounts of the PCC of St Paul’s Church (the PCC) for the year ended 31 December 2020.

Responsibilities and basis of report

As the charity members of the PCC you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’) and the Church Accounting Regulations (‘the Regulations’).

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

Independent examiner’s statement

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

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

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

  3. the accounts do not comply with the applicable accounting requirements of the Church Accounting Regulations.

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

Michael Merritt FCA Lewis Brownlee (Chichester) Limited Appledram Barns Birdham Road Chichester PO20 7EQ

................................................................

9

PAROCHIAL CHURCH COUNCIL OF ST PAUL'S CHICHESTER Registered Charity no. 1133785

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020

Incoming resources TOTAL
TOTAL
Unrestricted Restricted Endowment
FUNDS
FUNDS
Notes
Funds
Funds
Funds
2020
2019
£
£
£
£
£
TOTAL
TOTAL
Unrestricted Restricted Endowment
FUNDS
FUNDS
Notes
Funds
Funds
Funds
2020
2019
£
£
£
£
£
TOTAL
TOTAL
Unrestricted Restricted Endowment
FUNDS
FUNDS
Notes
Funds
Funds
Funds
2020
2019
£
£
£
£
£
TOTAL
TOTAL
Unrestricted Restricted Endowment
FUNDS
FUNDS
Notes
Funds
Funds
Funds
2020
2019
£
£
£
£
£
TOTAL
TOTAL
Unrestricted Restricted Endowment
FUNDS
FUNDS
Notes
Funds
Funds
Funds
2020
2019
£
£
£
£
£
TOTAL
TOTAL
Unrestricted Restricted Endowment
FUNDS
FUNDS
Notes
Funds
Funds
Funds
2020
2019
£
£
£
£
£
TOTAL
TOTAL
Unrestricted Restricted Endowment
FUNDS
FUNDS
Notes
Funds
Funds
Funds
2020
2019
£
£
£
£
£
Donations and legacies
3a
Other trading activities
3b
Income from investments
3c
Income from church activities
3d
Other income
3e
Total income and endowments
Resources expended
Expenditure on raising funds
4a
Expenditure on church activities
4b
Total resources expended
Gains/(losses) on investments
7b
Gains/(losses) on investment property
6
Net incoming/(outgoing) resources before transfers
Gross transfers between funds
Net movement in funds
Net incoming/(outgoing) resources before other
recognised gains/losses
125,944
13,664
318
1,209
242,487
1,982
22
9,350
169 368,431
197,719
15,646
56,628
508
8,219
1,209
3,379
9,350
8,500
141,135 253,840 169 395,144
274,444
132,156 (6)
374,963
1,014 (6)
2,419
508,133
286,715
132,156 374,957 1,014 508,127
289,132
234 234
33,155
9,212
(121,117)
(845) (112,749)
18,466
9,212
(121,117)
(845) (112,749)
18,466
9,212
(121,117)
(845) (112,749)
18,466
Total funds brought forward at 1 January 97,523
555,773
11,385 664,681
646,215
Total funds carried forward at 31 December
106,735
434,656
10,540 551,932
664,681

Page 10

PAROCHIAL CHURCH COUNCIL OF ST PAULS CHICHESTER Registered Charity no. 1133785

BALANCE SHEET AT 31 DECEMBER 2020

Fixed assets Notes 2020
£
2019
£
Investment Property (Regnum Court)
Tangible fixed assets
Investments
Total fixed assets
Current assets
Stock
Debtors
Short term deposits
Cash at bank and in hand
Approvedby the PCC and signed on its behalf by
The Revd Canon Simon Holland , PCC Chairman:
TOTAL FUNDS
Unrestricted funds
Restricted funds - negative balances
Restricted funds
Endowment funds
Funds
NET ASSETS
Total assets less current liabilities
Net current assets
Creditors: amounts falling due within one year
Current Liabilities
6
7a
7b
12
12
8
10
9
12
12
240,000
1,655
3,973
272,479
2,219
240,000
245,629 514,698
150
115,940
292,535
150
1,475
61,104
130,948
408,624 193,677
(102,320) 306,304 (43,692)
149,985
551,933 664,683
551,933 664,683
106,734
(21,394)
456,053
10,540
97,524
(1,641)
557,414
11,386
551,933 664,683
Honorary Treasurer

……………………………………………… ………………………………………………

Date ………………………………………..

The accompanying notes form a part of these financial statements.

Page 11

PAROCHIAL CHURCH COUNCIL OF ST PAUL'S CHICHESTER Registered Charity no. 1133785

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

1. Charity information

St Paul's Church is an unincorporated charity registered in England and Wales. The principal place of business is Churchside, Chichester, PO19 1QN. The principal activities and nature of entity's operations is disclosed in the Trustees Report.

The financial statements are presented in Sterling (£), which is also the functional currency of the charity.

2. Accounting policies

a Basis of preparing the finnacial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)' and the Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared under the historical cost convention as modified by the inclusion of investments at market 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. The accounts have been prepared ignoring all small roundings.

The PCC consitutes a public benefit entity as defined by FRS102.

b Funds accounting

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 remaing unspent at the end of the year is carried forward as a balance on that fund.

Expendable endowment fund s - 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

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PAROCHIAL CHURCH COUNCIL OF ST PAUL'S CHICHESTER Registered Charity no. 1133785

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

c Incoming resources

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

Voluntary Income 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 formal offer in writing of the funding is received by the PCC. Income from Charitable Activities

Income is recognised when the money is received.

Income from investments

Dividends are accounted for when due and payable. Interest entitlements are accounted for as they accrue. Tax recoverable on such income is recognised in the same accounting year All other income

All other income is recognised in the period to which it relates. Income received in advance is deferred to the period to which it relates. Gains and losses on investments Realised gains are recognised when the investments are sold Unrealised gains and losses are accounted for on revaluation on 31 December.

d Resources used

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 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.

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.All expenditure on consecrated or beneficed buildings and related moveable church furnishings, whether maintenance or improvement, is written off as expenditure in the Statement of Financial activities and is separately disclosed

The PCC owns the freehold of St Michael's Church Summersdale, which is held by the Diocese as Custodian Trustee.This property is not included at any valuation in the accounts as there is insufficient cost information for the asset and an alternative valuation would not be reliable for a church building.

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PAROCHIAL CHURCH COUNCIL OF ST PAUL'S CHICHESTER Registered Charity no. 1133785

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

e Fixed Assets

Depreciation

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

Fixtures and fittings 10% straight line Audio visual equipment 20% straight line Office equipment 20% straight line

Investment Property

Properties held for investment are included in the Balance Sheet at their fair value, the changes in which are recognised in the Statement of Financial Activities.

Investments

Investments are stated at market value at the balance sheet date and the statement of financial activities shows investment gains and losses arising from revaluation of the investment portfolio and disposals during the period.

f Current Assets

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

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

g Creditors

Short-term creditors are measured at transaction value.

Page 14

PAROCHIAL CHURCH COUNCIL OF ST PAULS CHICHESTER Registered Charity no. 1133785

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

3 Incoming resources

3 Incoming resources
TOTAL
Unrestricted
Restricted
Endowment
FUNDS
Funds
Funds
Funds
2020
£
£
£
£
TOTAL
FUNDS
2019
£
a
Donations and legacies
Planned giving
Collections at all services
Grants, donations and appeals
Income tax recoverable
Legacies
b
Other trading activities
Fetes, bazaars and other fund-raising events
Parish Centre Hire
Parking Donations
Photocopying
Coffee Sales
c
Income from investments
Dividends and interest
d
Income from Church Activities
Fees from funerals, weddings etc
67,321
6,774
31,555
18,544
1,750
659
231,828
10,000
67,321
7,433
263,383
28,544
1,750
368,431
3,096
11,635
559
357
15,646
508
508
1,209
69,183
16,847
90,244
18,195
3,250
125,944 242,487 197,719
1,113
11,635
559
357
1,982 15,416
38,787
694
1,730
13,664 1,982 56,628
318 22 169 8,219
318 22 169 8,219
1,209 3,379
1,209 1,209 3,379
e
Other income
Rent
Total incoming resources
9,350 9,350
9,350
395,145
8,500
9,350 8,500
141,135 253,840 169 274,445

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PAROCHIAL CHURCH COUNCIL OF ST PAUL'S CHICHESTER Registered Charity no. 1133785

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

4 Resources expended

a
Expenditure on raising funds
Stewardship costs
Fetes, bazaars and other fund-raising events
Concert Costs
b
Sanctuary
Donkey Sanctuary
St Wilfrids
Snowdrop Trust
March School
Chestnut Tree House
Beads of Courage
Chichester City Drop In
Confide
Four Streets
Stonepillow (donations throughout year)
Church Army
Home:
Promise Nepal
Diocesan Harvest Appeal
US (formally USPG)
Children on the Edge
DEC (special collections)
CMS
Childrens Society
B.E.A.T.S
Overseas:
Missionary and charitable giving:
Expenditure on church activities
TOTAL
TOTAL
TOTAL
TOTAL
TOTAL
TOTAL
TOTAL
TOTAL
TOTAL
TOTAL
TOTAL
TOTAL
FUNDS
FUNDS
Unrestricted
Restricted
Endowment
Funds
Funds
Funds
£
£
£
-6
2020
2019
£
£
-6
2,419
-6 -6
2,419
800
800
700
550
700
375
375
400
375
375
375
375
323 800
1,000
323
205
800
1,000
953
350
700
1,427
550
500
200
700
1,000
375
593
375
400
550
375
650
350
1,311
100
375
550
375
100
375
1,350
6,200 323 6,523
12,189

Page 16

PAROCHIAL CHURCH COUNCIL OF ST PAUL'S CHICHESTER Registered Charity no. 1133785

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

4 Resources expended (cont)

4 Resources expended (cont)
TOTAL
TOTAL
FUNDS
FUNDS
Ministry costs:
diocesan parish contribution
other clergy costs
Church running expenses
Church maintenance
Upkeep of services
Upkeep of churchyard
Parish magazine/Library
Sunday school costs/ Youth Work
Housing Costs
Salaries/Training
Church hall running costs
Bank charges
Depreciation
Independent examination fee
Professional Fees
Total resources expended
Unrestricted
Restricted
Endowment
Funds
Funds
Funds
70,490
7,424
842
12,521
1,421
318,075
2,688
1,596
1,014
90
31
6,314
6,572
355
4,247
19,139
4,168
3,503
1,289
60
564
1,356
37,851
2020
2019
70,490
68,295
8,266
12,814
12,521
13,298
319,495
5,298
90
31
264
12,887
14,570
4,602
6,585
23,307
62,564
4,792
14,309
60
65
564
564
1,356
1,400
37,851
51,154
9,812
18,832
132,156 374,963 1,014 508,133
286,715
.
132,156 374,957 1,014 508,127
289,134

Page 17

PAROCHIAL CHURCH COUNCIL OF ST PAUL'S CHICHESTER Registered Charity no. 1133785

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

5 Staff costs
a
Wages and salaries, including organist fees
Social Security costs
2020
2019
£
£
29,809
35,340
3,542
3,858
33,351
39,198

During the year the PCC employed a Parish Administrator, Director of Music, Organist, Youth workers, Caretaker and Office Assistant all of whom are part time.

No employee received remuneration in excess of £60,000

No payments were made to a member of the PCC this year

6 Investment property

Previous Year value
Change in year
Value at 31 December 2020
Unrestricted
Restricted
Endowment
Total
Funds
Funds
Funds
£
£
£
£
240,000
240,000
-
-
-
240,000
240,000

The investment property was sold in 2021 with details included in note 15.

7 Fixed Assets a Tangible fixed assets

At 31 December 2020
At 31 December 2019
Net book amounts
At 31 December 2020
Disposals
Provided in the year
At 1 January 2020
Depreciation
At 31 December 2020
Revaluation
Disposals
Additions
At 1 January 2020
Cost or valuation
Church
Furnishings
£
39,890
Office
St
equipment
Michaels
fixture
&fittings
£
£
3,990
10,800
TOTAL
£
54,680
39,890 3,990
10,800
54,680
39,350
270
3,990
9,121
294
52,461
564
39,620 3,990
9,415
53,025
270 1,385 1,655
540 1,679 2,219

The PCC owns the freehold of St Michaels Church, Summersdale, which is held by the Diocese as Custodian Trustee. The property is not included at any valuation in the accounts as there is insufficient cost information for the asset and an alternative valuation would not be reliable for a church building.

b Listed Investments
Market value 1 January 2019
Fees
capital appreciation/depreciation
income received/withdrawn
Brewin & Dolphin transfers between fixed
investments and current deposits
Brewin &
Dolphin -
Total
Brewin &
Dolphin -
Current
£
£
284,254
15,515
3,728
3,728
-7,049
-280,933
-19,243
Brewin &
Dolphin -
Fixed
Other
Total
£
£
£
268,739
3,739
272,478
-7,049
234
-6,815
-261,690
-261,690
Market value 31 December 2020 3,973
3,973

Page 18

PAROCHIAL CHURCH COUNCIL OF ST PAUL'S CHICHESTER Registered Charity no. 1133785

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

8 Analysis of Net assets by fund

Fixed assets for church use
Investment fixed assets
Current assets
Current liabilities
Unrestricted
Restricted
Endowment Total Funds
Funds
Funds
Funds
2020
£
£
£
£
1,656
240,000
241,656
23,972
-20,000
3,972
88,437
309,646
10,540
408,623
(7,330)
(94,990)
(102,320)
106,735
434,656
10,540
551,931
Unrestricted
Restricted
Endowment Total Funds
Funds
Funds
Funds
2020
£
£
£
£
1,656
240,000
241,656
23,972
-20,000
3,972
88,437
309,646
10,540
408,623
(7,330)
(94,990)
(102,320)
106,735
434,656
10,540
551,931
Unrestricted
Restricted
Endowment Total Funds
Funds
Funds
Funds
2020
£
£
£
£
1,656
240,000
241,656
23,972
-20,000
3,972
88,437
309,646
10,540
408,623
(7,330)
(94,990)
(102,320)
106,735
434,656
10,540
551,931
Total Funds
2019
£
242,220
272,479
193,676
(43,692)
106,735 434,656 664,683

9 Debtors

9 Debtors
Unrestricted
Restricted
Endowment Total Funds
Funds
Funds
Funds
2020
£
£
£
£
-
-
-
-
-
-
-
-
2019
£
Income tax recoverable
Prepayments and accrued income
-
-
-
-
-
-
Accounts receivable 250 (250) - -
-
1,475
250 (250) - 1,475

10 Creditors: amounts falling due within one year

Unrestricted
Restricted
Endowment Total Funds
Funds
Funds
Funds
2020
£
£
£
£
7,330
7,330
94,990
94,990
Unrestricted
Restricted
Endowment Total Funds
Funds
Funds
Funds
2020
£
£
£
£
7,330
7,330
94,990
94,990
Unrestricted
Restricted
Endowment Total Funds
Funds
Funds
Funds
2020
£
£
£
£
7,330
7,330
94,990
94,990
Unrestricted
Restricted
Endowment Total Funds
Funds
Funds
Funds
2020
£
£
£
£
7,330
7,330
94,990
94,990
Unrestricted
Restricted
Endowment Total Funds
Funds
Funds
Funds
2020
£
£
£
£
7,330
7,330
94,990
94,990
Unrestricted
Restricted
Endowment Total Funds
Funds
Funds
Funds
2020
£
£
£
£
7,330
7,330
94,990
94,990
2019
£ £
Deferred income
Accruals for utilities and other costs
Other Creditors (inc agency collections)
94,990 7,330
94,990
1,930
41,762
7,330 94,990 102,320 43,692

11 Related party transactions

During the year the Trustees received a reimbursed expenditure of £Nil (2019:£Nil).

There have been no related party transactions that would require disclosure in the accounts.

Page 19

PAROCHIAL CHURCH COUNCIL OF ST PAUL'S CHICHESTER Registered Charity no. 1133785

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

12 Statement of funds

Unrestricted Fund
General fund
Designated Boys Brigade/ Girl Guides
Designated Choir Donations
Designated Church Maintenance
Designated Family Camp
Designated Food Bank
Designated Homeless Breakfast
Designated Ladies Group
Designated Meet & Eat
Designated New Staff
Designated Rectory Redecoration
Designated Retreat
Designated Mission Group
Designated Stonepillow
Designated PCC Reserve
Designated Kitchen Fund
Designated Rectors Discretion
Designated St Michaels
Restricted Fund
Organ Scholarship
Parish Centre Development
Building and Development
Christus
SussexCommunity - Covid Support
Youth Work & St Johns
Berlin
Special Collections
Special Services
Music Fund
Church Furnishing
Organ Restoration
Heritage Lottery
Building on Success
Allen Trust
Endowment Fund
Mary Gordon bequest
Total funds
11,398
1,778
50
12,557
142
15
162
759
120
0
586
611
1,934
0
1
33,007
826
33,575
£
1 Jan 2020
Bal b/fwd
Income
£
4,772
64
856
323
2,547
20
16,250
30
30
99
116,144
Expenditure
£
(856)
(118)
(800)
(355)
0
(157)
(1,071)
(1,477)
(127,323)
Other gains/
Losses
£
1
Transfers
£
232
31 Dec 2020
Bal c/fwd
220
400
50
11,486
142
45
5
759
150
16,250
586
276
3,681
323
1
33,745
1,122
37,491
£
97,524 141,135 (132,157) 1 232 106,734
85
4,061
62,060
4,000
930
3,211
(453)
149
1
(1,188)
85
180
482,653
134,532
760
10,000
18,165
703
80,308
9,371
(37,876)
(5,059)
(6,856)
(322)
(100,146)
(224,695)
85
4,061
158,716
760
4,941
15,309
930
3,592
(453)
149
1
(1,188)
(19,753)
180
267,329
555,773 253,839 (374,954) 0 0 434,659
11,386 168 (1,014) 10,540
11,386 168 (1,014) 0 0 10,540
664,683 395,169 (508,152) 1 232 551,933

Designated Funds

Choir Donations to provide for future choir expenses not covered by Mary Gordon . Church Maintenance to provide for major maintenance and Quinquennial report. Rectory Redecoration to provide for future redecoration of the rectory Mission Group: Monies not paid over at the year end. Stonepillow: Monies not paid over at the year end. PCC Reserve: to provide for future expenditure as directed by PCC Kitchen fund to pay for new or replace kitchen equipment. Proceeds from meals are paid into it. Rector's Discretionary fund to provide confidential personal assistance in cases decided by the Rector and churchwardens

St Michael's to provide for future maintenance of the property .

Restricted fund.

Organ Scholarship fund holds donations made for the advanced musical training for Organists

Parish Centre Development holds funds passed on and donations received for the development and extension of the church centre

Berlin fund holds donations towards the return visit of the Paul Gerhard Church from Berlin

Christus - for new commisioned sculpture

Re-ordering holds donations made for re-ordering the church, outside the Allen Trust. To be used as directed by the PCC Taking into account the wishes of donors

Music fund holds donations made for the advanced musical training for Organists and Director of Music. Organ Restoration holds funds raised for restoration of the Hunter organ. Building on success holds funds raised for the future development of the church. Sound System Fund to provide for future replacement of the sound system.

Sussex Community Covid - to mitigate financial impact of Covid New Staff - to support costs of new staff for limited period

New Church Organ to provide for future replacement of the church organ Allen Trust to provide for future church expenditure excluding the pay of Stipendary Clergy

Expendable Endowment Fund

Mary Gordon to be used for the suitable and relevant upkeep of the worship and vestments and linen in the church

13 Capital commitment

Authorised and not contracted 2

Page 20

PAROCHIAL CHURCH COUNCIL OF ST PAUL'S CHICHESTER Registered Charity no. 1133785 FOR THE YEAR ENDED 31 DECEMBER 2020

Note 14 - Comparison of prior year SOFA by Fund

Incoming resources TOTAL
TOTAL
Unrestricted Restricted Endowment
FUNDS
Unrestricted
Restricted
Endowment
FUNDS
Funds
Funds
Funds
2020
Funds
Funds
Funds
2019
£
£
£
£
£
£
£
£
TOTAL
TOTAL
Unrestricted Restricted Endowment
FUNDS
Unrestricted
Restricted
Endowment
FUNDS
Funds
Funds
Funds
2020
Funds
Funds
Funds
2019
£
£
£
£
£
£
£
£
Donations and legacies
Other trading activities
Income from investments
Income from church activities
Other income
Total income and endowments
Resources expended
Expenditure on raising funds
Expenditure on church activities
Total resources expended
Gains/(losses) on investments
Gains/(losses) on investment property
Net incoming/(outgoing) resources before
transfers
Gross transfers between funds
Net incoming/(outgoing) resources before
other recognised gains/losses
Net movement in funds
125,944
242,487
0
13,664
1,982
0
318
22
169
1,209
0
0
0
9,350
0
368,431
113,372
84,347
0
197,719
15,646
50,036
6,592
0
56,628
508
569
7,353
297
8,219
1,209
3,379
0
0
3,379
9,350
0
8,500
0
8,500
141,135
253,840
169
395,145
167,356
106,791
297
274,445
0
(6)
0
132,156
374,963
1,014
(6)
293
2,126
0
2,419
508,133
170,675
114,754
1,284
286,713
132,156
374,957
1,014
508,127
170,968
116,880
1,284
289,132
234
0
234
532
32,623
33,155
0
0
0
9,212 (121,117)
(845)
0
(112,749)
(3,080)
22,534
(987)
18,468
0
0
0
0
9,212 (121,117)
(845)
(112,749)
(3,080)
22,534
(987)
18,468
9,212 (121,117)
(845)
(112,749)
(3,080)
22,534
(987)
18,468
Total funds brought forward at 1 January 97,523
555,773
11,385
664,681
100,604
533,239
12,372
646,215
Total funds carried forward at 31
December
106,735
434,656
10,540
551,932
97,525
555,773
11,385
664,683

15 Non adjusting post balance sheet event

On 31 March 2021 the flat in Regnum Court was sold for £275,000 less costs incurred in relation to the sale of £7,721. At the balance sheet date the property market was uncertain due to Co-vid therefore the investment property has not been revalued at year end. This will be shown in next years financial statements.

Page 21