2021-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of Edenbridge

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

The Annual Report of the PCC 2022 of St. Peter & St. Paul Church Edenbridge

The PCC is a charity, registered with the Charity Commission since 28 January 2010. Registered Charity No. 1133858.

Introduction

The Parish Church of St Peter & St Paul at Edenbridge in Kent has a long history of worship dating back to the 12th century. It is a Grade I listed Building - being one of the oldest churches within the Diocese of Rochester, a middle-of-the road Anglican community with a strong choral tradition. The emphasis is on worship of a high quality and is conducted in person and also livestreamed by Zoom most Sundays. We have complied with the Church of England rules and guidance in relation to COVID throughout the last two years of the Pandemic, having been able to hold a Communion Service every Sunday somewhere except when Fr. Stephen was unwell with COVID when a ‘Service of the Word’ was carried out instead by our Lay Readers Anthea Staples and Hilary Morgan. This church has strong links with all the other local churches – Anglican, Roman Catholic, URC, Baptist and Grace Community - through the Edenbridge Churches in Covenant (ECC).

History

The Church building is on a site that has been used for worship from Saxon times and there is evidence that the origins of the structure are Norman (Textus Rofensis 1120). The current building dates, in the main from the 14[th] Century, and having located during the redecoration project in 2020 the Consecration Cross, it has been dated circa 1350. We have only one visible bit of Norman era – at the west end on the north side. It was rebuilt and extended in the early English period. Interesting features include the tower clock with only an hour hand, the font, the Jacobean pulpit, the alabaster memorial to Nicholas Seliyard and the white marble Richard Jemmet family tombstone. Recent conservation work has exposed the 14[th] century wall painting of St. Christopher with the Christ Child, along with other medieval frescos of red flowers and incomplete pictures. The East window in the Martyn Chapel was installed in 1908, using stained glass that is attributed to the studio of celebrated Pre-Raphaelite artist Edward Burne-Jones. The Nave’s stained-glass window by Howard Kempe is of a superior quality, depicting Christ on a green cross representing ‘renewal’ – a rarity according to the specialist window restorer – Clifford Durant.

Administrative information

St Peter and St Paul's Church building & churchyard is in Church Street, Edenbridge TN8 5BD within the stone walls. Correspondence should be addressed to the Rev'd Dr S. A. J. Mitchell, Parish Office, The Vicarage, Mill Hill, Edenbridge, Kent TN8 5DA.

The Parish is ably assisted by the Parish Administrator - Andrea Shipwright - who throughout the Pandemic has continued to work remotely whilst taking emails and calls at all times. Andrea continues to provide an invaluable service to Fr Stephen and the Churchwardens manning the Parish Office from her home creating the weekly pew sheet and distributing it by email, amongst many other tasks ensuring the Parish functions efficiently.

Structure, governance and management - Members of the Parochial Church Council (PCC) are either elected at the Annual Parochial Church Meeting (APCM) or co-opted by the PCC for a particular purpose in accordance with the Church Representation Rules. PCC Officer Treasurer - Graham Shewell of Plaxtol, Youth Worker – Anthony Shipwright - and Anthea Staples (Lay Reader who was co-opted in 2021). Fiona as Safeguarding officer was co-opted onto the PCC again at the 2021 APCM. Val Bantin and Rachel Cooper offered to remain for a further year as there was a lack of nominations at the APCM.

Parochial Church Council (PCC)

Anyone who attends the church is encouraged to register on the Electoral Roll and stand for election to the PCC. The PCC members who have served are as follows:

Vicar & Chairman The Reverend Dr Stephen A J Mitchell Churchwarden and Vice Chair Mrs Terri Scanes (to May 2022) Churchwarden Mrs Jacquie Hill (to May 2022) Treasurer Graham Shewell (ex-officio) Secretary Kathleen Skinner (& PCC member to APCM 2024)

- Elected Members (Trustees):

Val Bantin (to APCM 2022) Richard Cain (to APCM 2022) Rachel Cooper (to APCM 2022) Richard Dyson (to APCM 2022) Carole Webster (to APCM 2022) Jane Wroe (to APCM 2022) Julie Johnson (to APCM 2024) Fiona Glidewell (to APCM 2024, also Safeguarding Officer) Jane Brown (to APCM 2023, also Minute Secretary) Susan Oldfield (to APCM 2023, also Deanery Synod Representative) Hilary Morgan (to APCM 2023, also Lay Reader & Deanery Synod Rep) Paul Baker (to May 2021) Anthony Shipwright (to May 2021)

PCC members as trustees, are responsible for deciding on all matters of general concern and importance to the Parish including how PCC funds are spent. The Treasurer and Churchwardens would like to acknowledge the invaluable help that Jane Cain has provided as Assistant Treasurer in dealing with all aspects of finance - book-keeping, stewardship and gift aid - paying in money received, and so many other ‘behind the scenes’ activities.

To meet its wide responsibilities the PCC has a number of sub-committees, each of which deals with a particular aspect of Parish life and normally meet between full meetings of the PCC according to their needs. Since the Pandemic activities have been severely restricted and some of the sub-committees have naturally been much less active than normal. The sub-committees report to every PCC meeting either by written or verbal means.

St. Peter & St Paul’s PCC has the responsibility of co-operating with the incumbent, the Rev’d Dr Stephen A J Mitchell, in promoting within the Parish, the whole mission of the Church: pastoral, evangelistic, social and ecumenical. The PCC also has maintenance responsibilities for the Vicarage and the St Paulinus Church Hall in Hillcrest Road, Marlpit Hill, Edenbridge.

Objectives and Activities

The PCC is committed to enabling as many people as possible to worship at the church and to actively become part of our Parish community. Services and worship put faith into practice through prayer and scripture, music and sacrament. When planning the church’s activities for the year, the incumbent and the PCC have considered the Commission’s guidance on public benefit, and in particular, specific advice on charities for the advancement of religion. Specifically, we try to enable ordinary people to live out their faith as part of our Parish community through worship and prayer, nurturing, outreach work and pastoral care for people living in the parish. Detailed objectives of the Parochial Church Council continue to build on initiatives started in previous years, under the framework of our Mission Statement – where Church of England and national Government rules permit during the Coronavirus pandemic restrictions.

These are: -

Communicate the Church’s message to the local community effectively
Provide greater accessibility to group activities within the Church when permitted to meet
Increase our congregation with great emphasis placed upon gaining new members as well as retaining existing participants
Raise the profile of Stewardship, helping regular church goers as well as the wider public better understand our situation to address the shortfall in regular income
To adopt Diocesan and Church of England Policies
Increase fundraising efforts to ensure funds are available for special
projects

To facilitate this work, it is important the PCC maintains the fabric of the Church building of St Peter & St Paul, so that the building can be a central focus and meeting place for Parish activities whether religious or secular. We continue to hold in our minds and prayers recognition that the Diocese is going through a period of many changes of staff during the Pandemic. We work hard to maintain viability and use the time and talents of volunteers as well as we can and value the commitment from the PCC, all volunteers and of course Fr. Stephen to the Parish.

The PCC appointed Fiona Glidewell as the Parish Safeguarding Officer for another year and her annual report is included in the Sundry reports for the Annual Parish General Meeting.

The public ‘Promoting a Safer Church’ notices around the building display Fiona ‘s contact details and those of Sue Oldfield and Hilary Morgan - the other nominated points of contact, if anyone has any concerns over the safety of the children, young people and vulnerable adults whilst onsite.

As a body the PCC have complied with the duty to have regard to the House of Bishops’ guidance on safeguarding children and vulnerable adults under section 5 of the Safeguarding and Clergy Discipline Measure 2016 ensuring all those from the congregation working with or near to these groups have undertaken the relevant training.

In the last year (2021) our parish has recorded on-line trainings at many levels – basic awareness, foundation and leadership, safer recruitment and people management, along with raising awareness of domestic abuse. DBS checks have been carried out where required.

Achievements and performance

Worship and Prayer : Up to August 2021 we were restricted in having services and congregations in the church due to COVID restrictions. These have been gradually lifted over the last few months with decreasing social distancing, more mask wearing, less personal contact at ‘The Peace’, use of individual kneelers, singing from hymn books, but processing without singing.

The main service of the week is the Sunday 9.30am Eucharist. Opportunities for worship are also offered at an 8am communion service on Sundays and at Evensong and Wednesday morning worship. And since last September, we have been able to hold 11am ‘All Age’ services on the first Sunday in the month which draws in a number of young families and their children for prayer, singing and crafts.

For the year ending 2021 there were 168 parishioners in the Church Electoral Roll. The annual Statement of Mission figures for the Diocese were completed in January 2022 reflecting accurately the impact that pandemic, zooming and social distancing had on us and the whole country. Since May 2021, there have been five weddings, 25 funerals and 17 baptisms.

The Christingle service, held in the afternoon of Christmas Eve each year was again challenging as it was deemed prudent to restrict attendees as others could see the event on zoom.

In past years, the Primary School would have normally held their nativity Play rehearsals and performances in the Church on two days running up to Christmas – but these were cancelled due to a high number of COVID cases in the community. Again, the Remembrance Day service was different – it was held only at the hospital’s War Memorial service at the hospital at 11am on Sunday morning with Flag bearers, Clergy and wreath layers, and no procession and few attendees.

Rev. David Flagg has continued to support Fr. Stephen by conducting a number of Services both in church and on zoom, especially when Fr Stephen had COVID.

The Church has continued to be open for private prayer and spiritual contemplation on Mondays and Wednesdays between 11am and 5pm, Friday and Saturdays 9am to 5pm.

Pastoral Care and Outreach : The Church has three Lay Readers, two pastoral Assistants and an Anna Chaplain who form the Ministry Team to assist the Vicar. Some members of our Parish who are unable to attend church due to sickness or infirmity have been left vulnerable during the Pandemic. As restrictions lifted Fr. Stephen has been able to give Communion at home to three communicants and to one in Stanholm. We have not been able to do anything in Edenbridge Manor yet, although some contacts have been made.

Together, the Churchwardens and Fr. Stephen arranged for Christmas and Lent signed cards with booklets to be delivered, sent or posted to all on the Electoral Roll and other specified members of the community.

Weekly pew-sheets are compiled by Andrea and emailed out to all on the GDPR e- mail lists she holds. Val Bantin has also provided excellent support in delivering all communications personally to those not able to receive emails. The monthly Parish Newsletter is still being produced by John Nutting and again emailed to the congregation. The church web site is regularly updated by Richard Cain, and visited by many from outside of the town. Social fund-raising events have been popular – the 2021 Medieval Fayre, Winter Fair, Harvest and February coffee mornings, VJ Day commemorations and participation in Edenbridge Town’s ‘Open Days’.

Ecumenical Relationships : St Peter & St Paul’s Church is a member of the Edenbridge Churches in Covenant (ECC). Members are from Holy Trinity Church in Crockham Hill, The United Reformed Church at Marsh Green, St. Lawrence’s Roman Catholic Church, The Grace Community, Eden Baptist Church, and the Three Spires Benefice of Four Elms, Hever and Mark Beech villages.

Bridges: We have three Trustees on the board Committee of ‘BRIDGES’ (charity No 1029169) a local ecumenical Pop-in Centre & Community Cafe in Edenbridge High Street, that has re-opened but with reduced hours due to various staffing challenges resulting from the pandemic.

Community : We continue to contribute financially to the employment of the ecumenical Youth Worker – Anthony Shipwright through the Eden Christian Trust - registered Charity No.1001961, chaired by Tim Hill. ECT’s work with the young members of the congregation greatly enhances the engagement of young people in the Church communities and in the development of their faith even over the internet – this has been acknowledged with an Award for ‘Best Youth Club’ in District at Sevenoaks Council recently – Well Done!

God’s Hands: The Trussell Trust (a national foodbank charity) has picked up the work that was started by Julie Barry now led by Dave White of the Grace Church under the banner of Edenbridge Food Bank, working out of Rickards Hall on Tuesdays. We continue to support this through edible gifts from the congregation using a donation box in the Baptistry which is collected weekly by Hilary Morgan and taken to Rickards Hall for distribution.

St. Paulinus Hall: The St Paulinus Church Centre at Marlpit Hill, which is let to several community groups and a local pre-school, is managed by a sub-

committee of the PCC. Its income is used for maintenance and electrical work. An upgrade to the boiler central heating system took place using a Grant from the Great Stonebridge Trust recently.

Volunteers : Our incumbent, Church Wardens and PCC as always, are extremely grateful to all the members of the church community who work hard to ensure that our ministry and stewardship is maintained. These include – the Choir, Intercession leaders and Lesson readers, The Flower Guild, Cleaners and Sidesmen, Sacristy and Caretaking teams.

Maintenance: Due to the extensive work undertaken as part of the church’s redecoration in celebration of the building’s 900[th] anniversary, guttering, pathways, access, roof slates and tiles, memorials, death watch beetle, and paintwork, we are now in the position of a relative calm as most of the usual problems have been identified and addressed. The Portable Appliance testing at all three locations – the Church, St. Paulinus Hall and the Vicarage – was caried out recently all with no faults detected. The annual checks of the lightning conductor, fire extinguishers, the porch glass doors and guttering were also carried out and certification issued.

Finance Review: Going Concern Status: We have sufficient non-restricted funds to ensure that there is no risk in the next Financial Year in terms of our liabilities and therefore we will remain a going concern. Our Financial Statements have therefore been prepared on this basis. The Trustees will continue to monitor this status annually.

Unrestricted Fund : The Unrestricted Fund surplus increased by £49,970 in 2021. This due to gains in Investments’ valuation and in Designated Fund Surplus (St Paulinus & Casey Fund).

General Fund: Covid-19 affected both Income and Expenditure over the year. This scenario, hopefully to a lesser extent, is set to continue during 2022. A budget deficit of £4,000 is forecast for 2022. To maintain this the PCC agreed to pledge £58,500 as our Parish Offer which is again significantly less than the Diocesan ‘calculated offer request’ of £65,709. The PCC understands the seriousness of this situation and will continue to review during 2022.

Income : The General Fund income shows an increase of £9,730 to £100,694 in 2021.This is mainly due to increases in fund raising due to the ‘2020’ events, dividends on investments and Planned Giving with associated Gift Aid.

Expenditure : The General Fund expenditure shows an increase of £11,461 to £103,016 in 2021. This mainly due to increased expenditure on Maintenance, Organist and Office costs.

Investments : The total Investment valuation (All funds) increased by £28,542 to £235,280 (13.8%).

Risk Management : The PCC manages risk by adherence to a clear set of financial controls which are reviewed annually to respond to any changed circumstances. There were no incidents during 2021 which put the PCC at financial risk.

Reserves Policy : It is PCC policy to maintain a balance in the General Fund that equates to at least three months General Fund payments. In 2021 this was

equivalent to £25,754. Reserves are held to cover emergency situations and to aid cash flow. At the end of 2021 this target was exceeded, and the reserve stood at £33,756. Reserves are also held on Designated Funds as follows:

St Paulinus Fund £20,719
Capital Projects £183,807

Approved by the PCC on March 21[st] 2022 and signed on their behalf by The Rev’d Dr. S.A.J. Mitchell – PCC Chairman

Ss Peter & Paul's Church, Edenbridge Registered Charity No. 1133858

Financial Statements of the Parochial Church Council

for the year ended 31st December 2021

Incumbent:

The Rev'd Dr. Stephen Mitchell SSC The Vicarage Mill Hill Edenbridge Kent TN8 5DA

Bank: HSBC Plc 38 London Road East Grinstead West Sussex RH19 1AB

Independent Examiner:

Joanna Tawse FCA Northview The Street Plaxtol TN15 0QJ

EDENBRIDGE PAROCHIAL CHURCH COUNCIL

INDEX TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2020

Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Accounts	Page
	1 2 3 4 - 13

INDEPENDENT EXAMINER'S REPORT TO EDENBRIDGE PAROCHIAL CHURCH COUNCIL

I report on the accounts of the Parochial Church Council for the year ended 31[st] December 2021 which are set out on pages 2 to 13.

Respective responsibilities of the PCC and the Examiner

As members of the Parochial Church Council you are responsible for the preparation of the Accounts. You consider that the audit requirements of section 144(2) of the Charities Act 2011 do not apply and that an independent examination is needed.

It is my responsibility to

Examine the accounts under section 145 of the 2011 Act;
Follow the procedures laid down in the general directions given by the Charity Commissioners section
145 (5) (b) of the 2011 Act; and
State whether particular matters have come to my attention

Basis of Independent Examiner's Report

My examination was carried out in accordance with the General Directions given by the Charity Commission.

That examination includes a review of the accounting records kept by the Parochial Church Council and a comparison of the accounts with those records. It also includes considering any unusual items or disclosures in the accounts 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 no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statements below.

Independent Examiner's Statement

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

which give me reasonable cause to believe that in any material respect the requirementsto keep accounting records in accordance with section 130 of the 2011 Act; and to prepare accounts which accord with these accounting records and comply with the accounting requirements of the 2011 Act have not been met; or
to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Signature .................................................................... Date

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

PAROCHIAL CHURCH COUNCIL OF ST PETER & ST PAUL EDENBRIDGE

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021

					TOTAL	TOTAL
		Unrestricted	Restricted	Endowment	FUNDS	FUNDS
	Notes	Funds	Funds	Funds	2021	2020
		£	£	£	£	£
Income and Endowments
Voluntary income	2a	139,836	9,286	-	149,122	336,447
Activities for generating funds	2b	20,546	4,580	-	25,126	22,257
Income from investments	2c	7,607	946	-	8,553	8,100
Church activities	2d	5,292	-	-	5,292	1,943
Total income		173,282	14,812	-	188,094	368,747
Expenditure
Raising funds	3a	6,532	1,911	-	8,443	15,829
Church activities	3b	142,475	35,085	-	177,559	339,716
Total expenditure		149,007	36,995	-	186,002	355,545

Net Income/(Expenditure) before investment gains/(losses)		24,275	(22,183)	-	2,092	13,203

Net gains/losses on investments	6	23,766	4,665	111	28,542	(13,906)

Net Income/(Expenditure)		48,041	(17,518)	111	30,635	(704)
Net transfers between funds - transfers in		4,331	137	-	4,468	2,414
Net transfers between funds - transfers out		(2,402)	(2,067)	-	(4,468)	(2,414)
Gains/(losses) on revaluation of tangible fixed assets	5	-	-	-	-	-
Net movement in funds		49,970	(19,447)	111	30,635	(704)
Total funds brought forward		647,597	84,262	778	732,638	733,342
Total funds carried forward	10	697,568	64,815	890	763,273	732,638

There are minor discrepancies in totals throughout due to rounding.

PAROCHIAL CHURCH COUNCIL OF ST PETER & ST PAUL EDENBRIDGE

BALANCE SHEET AT 31 DECEMBER 2021

Notes Fixed assets Tangible fixed assets 5 Investments 6 Total fixed assets Current assets Debtors and Prepayments 7 Cash at bank and in hand 9 Creditors: amounts falling due within one year 8 Net current assets NET ASSETS Funds Endowment funds 10 Restricted funds 10 Designated Funds 10 Unrestricted funds 10	2021 £ 404,768 235,280 640,048 16,272 109,297 125,568 (2,343) 123,225 763,273 890 64,815 663,812 33,756 763,273	2020 £ 404,829 206,738
		611,566 28,727 98,906
		127,633 (5,007)
		122,627
		734,193
		778 84,262 617,592 30,006
		732,638

Approved by the Parochial Church Council on and signed on its behalf

The Rev'd Dr Stephen Mitchell Chairman

The accompanying notes form a part of these financial statements.

PAROCHIAL CHURCH COUNCIL OF ST PETER & ST PAUL EDENBRIDGE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

1 Accounting policies

a Basis of preparation

The PCC is a public benefit entity within the meaning of FRS102. The financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individual accounts of PCCs, and with the Regulations' "true and fair view" provisions. They have been prepared under FRS102 (2016) as the applicable accounting standards and the 2016 version of the Statement of Recommended Practice, Accounting and Reporting by Charities (SORP(FRS102)).

The financial statements have been prepared on the basis that the PCC is a going concern for the foreseeable future. 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 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.

Endowment funds - 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.

c Income and Endowments

All income and endowments are accounted for gross.

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 PCC is legally entitled to the amount due.

Income from investments

Dividends are accounted for when due and payable. Interest entitlements are accounted for as they accrue.

All other income

All other income is recognised when it is receivable.

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.

PAROCHIAL CHURCH COUNCIL OF ST PETER & ST PAUL EDENBRIDGE

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2021

1 Accounting policies (continued)

d Expenditure

Expenditure is accounted for gross.

Grants

Grants and donations are accounted for when paid over, or when awarded where the award creates a constructive 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 benefice property . In so far as consecrated and benefice property of any kind is excluded from the statutory definition of 'charity' by Section 10(2) (a) and (c) of the Charities Act 2011, such assets are not capitalised in the financial statements.

Movable church furnishings 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. For inalienable property acquired prior to 1 January 2006 there is insufficient cost information available and therefore such assets are not valued in the accounts. Individual items acquired since 1 January 2006 have been capitalised in the accounts and depreciated over their useful economic life (see below).

Tangible fixed assets for use by the PCC. These are capitalised if they can be used for more than one year, and cost at least £1,000.

Depreciation is calculated to write off the capital cost of fixed assets less their currently anticipated residual fair value over their estimated useful lives as follows:

Music, CCTV & Office equipment 5 years Staging equipment 10 years

No depreciation is provided on freehold buildings as the currently estimated residual value of the property is not less than its carrying value and the remaining useful life of this asset currently exceeds 50 years, so that any depreciation charges would be immaterial. An impairment review is carried out at each year-end and any resultant loss is included in expenditure for the year.

Investments

Investments are stated at market value at the balance sheet date.

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 uncollectable.

PAROCHIAL CHURCH COUNCIL OF ST PETER & ST PAUL EDENBRIDGE

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2021

2 Income and Endowments

a Voluntary income Planned giving - gift aid Income tax recoverable on planned giving Other planned giving Collections Donations and appeals Income tax recoverable on donations and appeals Grants Legacies b Activities for generating funds St Paulinus lettings to non church organisations Bookstall sales and Parish Magazine Wedding flowers Fetes, bazaars and other fund-raising events c Income from investments Rental of investment property Dividends and interest d Church Activities Bookstall sales to promote objectives Social events Fees from weddings etc Total income*	TOTAL TOTAL General Designated Restricted Endowment FUNDS FUNDS Fund Funds Funds Funds 2021 2020 £ £ £ £ £ £ 45,071 - - - 45,071 42,584 11,260 - - - 11,260 10,577 15,077 - - - 15,077 16,208 2,148 - - - 2,148 1,756 4,639 50,264 1,446 - 56,348 7,161 1,565 - 169 - 1,734 1,757 802 9,011 7,672 - 17,484 255,204 - - - - - 1,200
	80,562 59,274 9,286 - 149,122 336,447
	- 9,846 - - 9,846 7,786 32 - - - 32 23 - - 395 - 395 80 7,269 3,399 4,185 - 14,853 14,368
	7,301 13,245 4,580 - 25,126 22,257
	350 - - - 350 350 7,189 69 946 - 8,203 7,750
	7,539 69 946 - 8,553 8,100
	252 - - - 252 6 96 - - - 96 84 4,944 - - - 4,944 1,854
	5,292 - - - 5,292 1,943

	100,694 72,588 14,812 - 188,094 368,747

* includes GASDS (gift aid small donations scheme) recovery

PAROCHIAL CHURCH COUNCIL OF ST PETER & ST PAUL EDENBRIDGE

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2021

3 a b	Expenditure Raising funds Stewardship costs Costs relating to St Paulinus lettings Fund raising events Church Activities i. Missionary and charitable giving (Note 11): Giving to missionary socities Home Mission Giving to secular charities ECT ii. Ministry costs: Diocesan Contribution Working expenses Vicarage expenses Lay Staff iii. Church running expenses: Electricity Gas Water & drainage Telephone Insurance Cleaning Maintenance Major works, installations & decorations iv. Upkeep of services: Sacristy etc Organ (inc piano) Organist /Choir Director fees & visiting organists Choir & music Flowers v. Bank charges vi. Social event costs vii. Training, Mission & Education costs viii. Administrator salary and on costs ix. Administration + Church Office costs x. Depreciation Total Expenditure	TOTAL TOTAL General Designated Restricted Endowment FUNDS FUNDS Fund Funds Funds Funds 2021 2020 £ £ £ £ £ £ 112 - - - 112 154 - 4,905 - - 4,905 8,571 199 1,316 1,911 - 3,425 7,104
		311 6,221 1,911 - 8,443 15,829
		500 - 203 - 703 605 1,156 - - - 1,156 1,475 250 - - - 250 400 4,992 - - - 4,992 4,992 51,500 - 3,000 - 54,500 52,000 - - - - - 288 3,890 - - - 3,890 3,730 72 - - - 72 60 1,847 - - - 1,847 2,483 1,498 - 252 - 1,750 1,768 294 - - - 294 84 570 - - - 570 688 5,460 - - - 5,460 6,050 402 - - - 402 46 7,338 1,087 - - 8,425 1,987 - 37,166 30,138 - 67,305 243,588 1,728 - - - 1,728 1,599 1,320 - - - 1,320 - 4,495 - - - 4,495 3,543 486 - - - 486 652 - 81 1,407 - 1,488 429 1 - - - 1 - 136 152 - - 288 31 878 7 85 - 970 308 10,080 - - - 10,080 9,586 2,772 - - - 2,772 1,769 1,040 1,276 - - 2,316 1,554
		102,705 39,770 35,085 - 177,559 339,716

		103,016 45,991 36,995 - 186,002 355,545

PAROCHIAL CHURCH COUNCIL OF ST PETER & ST PAUL EDENBRIDGE

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2021

4 Staff costs

			2021	2020
a	Wages and salaries		£	£
	Parish Secretary	Salary	9,607	9,116

During the year the Parochial Church Council employed a part time Parish Secretary

b Payments to Related Parties

There were no payments made to any PCC member, persons connected to them or related parties. There were no claims for expenses from PCC members made during the year.

5 Tangible fixed assets

Tangible fixed assets
Cost or valuation At 1 January 2021 Additions Disposals Revaluation At 31 December 2021 Depreciation see note 1e At 1 January 2021 Provided in the year Disposals At 31 December 2021 Net book amounts At 31 December 2021 At 31 December 2020	*Freehold land* *New* *Staging* *Sound* *CCTV* TOTAL *and buildings* *Photocopier* *System* *System* £ £ £ £ £ £ 400,000 3,693 3,015 2,571 - 409,279 - - - - 3,810 3,810 - - - - - - - - - - - -
	400,000 3,693 3,015 2,571 3,810 413,089
	- 2,954 1,507 1,543 - 6,004 - 739 301 514 762 2,316 - - - - - -
	- 3,693 1,809 2,057 762 8,321

	400,000 - 1,206 514 3,048 404,768

	400,000 1,477 1,809 1,543 - 404,829

The freehold land and buildings comprise St Paulinus Church Centre and land in Hillcrest Road. In 2011 the PCC reassessed the rationale behind depreciating the St Paulinus Centre, which had been carried out for some time. It was agreed that as it was a building of character and kept in good repair it therefore had a long useable life. In addition the accumulated depreciation to date is not material to the financial statements and the residual value of the land was significantly higher than the value of the building.

The whole site was valued in 2016 and a revaluation gain of £100,000 has been recognised in the Statement of Financial Activities for the year ended 31 December 2016. The next revaluation was scheduled to take place in 2021 but difficulties with contacting estate agents and arranging the necessary site visits during the Covid restrictionhas resulted in the revaluation being postponed to 2022.

PAROCHIAL CHURCH COUNCIL OF ST PETER & ST PAUL EDENBRIDGE

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2021

Investments At 1 January 2021 Disposals at carrying value Purchases at cost Brought in as gift Net gains and revaluation At 31 December 2021	Unrestricted Funds £ 173,346 - - - 23,766	Restricted Endowment Total Funds Funds £ £ £ 32,613 779 206,738 - - - - - - - - - 4,665 111 28,542	Restricted Endowment Total Funds Funds £ £ £ 32,613 779 206,738 - - - - - - - - - 4,665 111 28,542

	197,112	37,278 890 235,280

M&G Charifund CBF Investment Funds - Vicar & Churchwarden CBF Investment Funds - Vicar & Churchwarden FP CAF UK Equity Fund B Income Holding Fund The following investments are held by the PCC Capital Projects Designated, income mandated to General Vicar and Churchwarden Restricted General, Unrestricted Capital Projects, Designated, income mandated to General		Cost or brought in value Units £ 45,000 6,762 105,230 15,970 1,592 37,278 8,599 857 20,073 8,113 8,970 15,114 177,695
			177,695
Cost or brought in value Units £ CBF Investment Fund - Chancel (purpose: chancel repairs ) 26 38 890 CBF Investment Fund - Parsonage (general purposes) 10,010 2,421 56,695 57,585 Holding Fund Endowment, income mandated to CRF Designated Capital Projects Designated, income mandated to General The following investments belong to the PCC but are held by the diocese in trust and relate to endowments or permanent trusts where the income is mandated to the Parochial Church Council for the purposes listed.
			57,585
Total Investments
			235,280

PAROCHIAL CHURCH COUNCIL OF ST PETER & ST PAUL EDENBRIDGE

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2021

7 Debtors & Prepayments

Debtors & Prepayments
Income tax recoverable Prepayments Other debtors	2021 2020 £ £ 1,169 1,065 3,679 3,730 11,423 23,932
	16,272 28,727

8	Creditors 2021 2020 £ £ Accruals for utilities and other costs 646 673 Other creditors 1,698 4,334 2,343 5,007 Analysis of Net assets by fund General unrestricted Designated unrestricted Restricted Endowment Total Funds Total Funds Funds Funds Funds Funds 2021 2020 £ £ £ £ £ Fixed assets for church use 1,206 403,562 - - 404,768 403,274 Investment fixed assets 15,114 181,998 37,278 890 235,280 206,738 Cash at bank and in hand 15,540 71,548 22,209 - 109,297 98,906 Debtors & prepayments 2,260 6,986 7,026 - 16,272 28,727 Current liabilities (363) (282) (1,698) - (2,343) (5,007) 33,756 663,812 64,815 890 763,273 732,638	Creditors 2021 2020 £ £ Accruals for utilities and other costs 646 673 Other creditors 1,698 4,334 2,343 5,007 Analysis of Net assets by fund General unrestricted Designated unrestricted Restricted Endowment Total Funds Total Funds Funds Funds Funds Funds 2021 2020 £ £ £ £ £ Fixed assets for church use 1,206 403,562 - - 404,768 403,274 Investment fixed assets 15,114 181,998 37,278 890 235,280 206,738 Cash at bank and in hand 15,540 71,548 22,209 - 109,297 98,906 Debtors & prepayments 2,260 6,986 7,026 - 16,272 28,727 Current liabilities (363) (282) (1,698) - (2,343) (5,007) 33,756 663,812 64,815 890 763,273 732,638
9

		33,756 663,812 64,815 890 763,273 732,638

PAROCHIAL CHURCH COUNCIL OF ST PETER & ST PAUL EDENBRIDGE

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2021

10 Statement of funds

	At				Other	At
	1 Jan 2021	Income	Expenditure	Transfers	gains/(losses) 31 Dec 2021
	£	£	£	£	£	£
Unrestricted Funds -	undesignated
General	30,006	100,694	(103,016)	4,331	1,741	33,756
	30,006	100,694	(103,016)	4,331	1,741	33,756
Unrestricted Funds -	designated
2020	288	3,662	(1,549)	(2,402)	-	-
Casey	-	56,956	(38,686)	-	-	18,270
Capital Projects	561,781	1	-	-	22,025	583,807
Church Repair	25,678	67	-	-	-	25,745
Clock	278	55	(330)	-	-	3
Meadows Legacy	14,830	-	(514)	-	-	14,316
Projector	959	-	(7)	-	-	952
St Paulinus	13,778	11,846	(4,905)	-	-	20,719
	617,592	72,588	(45,991)	(2,402)	22,025	663,812
Restricted Funds
2020	98	7	(105)	-	-	-
Charitable Appeals	-	203	(203)	-	-	-
Chaplaincy	-	3,000	(3,000)	-	-	-
Club	2,882	4,178	(1,806)	(2,067)	-	3,188
Flower	216	1,807	(1,407)	137	-	754
Friends	42,326	4,420	(30,138)	-	-	16,607
Heating	-	252	(252)	-	-	-
Maintenance	3,000	(3,000)		-	-	-
Porch	-	3,000	-	-	-	3,000
Projector	17	-	-	-	-	17
Vicar & Churchwarden	34,823	946	(85)	-	4,665	40,349
Vicar's Discretionary	901	-	-	-	-	901
	84,262	14,812	(36,995)	(1,929)	4,665	64,815
Endowment Funds
Chancel repair	778	-	-	-	111	890
	778	-	-	-	111	890

Total funds	732,638	188,094	(186,002)	-	28,543	763,273

The designated funds comprise:

2020 Fund This Fund was established to handle the designated income and expenditure relating to the celebration of the 900 year anniversary.

The Casey Fund. This fund, resulting from a substantial donation, was established to track the expenditure attached to it by the PCC.

The Capital Projects Fund . This Fund comprises the land and buildings in Hillcrest Road and the remainder of the investments resulting from the sale of Church House investments. Some time ago the PCC designated this Fund for Capital Projects and major repairs.

The Church Repair Fund. is a deposit account held with the Rochester Diocesan Board of Finance and has been designated by the PCC for the repair of the church building. The PCC may decide to add to this Fund in anticipation of future repairs when any money becomes available.

The Clock Fund. This Fund was established to handle money set aside by the PCC towards the future repair of the tower clock. Remaining monies are being held against future maintenance.

Meadows Legacy Fund . This Fund was established to hold monies and left as an unrestricted legacy until such time as the PCC decides how to expend the monies.

The Projector Fund. Was established to handle a single unrestricted donation, designated by the PCC for expenditure on the projector and other all age worship expenses

The St Paulinus Fund. This Fund holds monies received and expended on the running of the St Paulinus Church Centre. At the end of the financial year the PCC may agree to remove the designation on part of the reserve of this fund to the General Fund as Hall 'profit'.

The endowment funds comprise:

Chancel Repair Fund. The income from this Endowment is mandated to the Church Repair Fund.

PAROCHIAL CHURCH COUNCIL OF ST PETER & ST PAUL EDENBRIDGE

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2021

10 Statement of funds (continued)

The restricted funds comprise:

2020 Fund This Fund was established to handle the restricted income and expenditure relating to the celebration of the 900 year anniversary.

Charitable Appeals Fund The monies held in this Fund arise from special appeals held from time to time for current local, national and international requests for aid.

Chaplaincy Fund This fund was established to handle the restricted annual grant from The Edenbridge Hospital League of Friends and subsequent expenditure.

Club Fund This Fund was established to handle subcriptions to the 100 club and payment of winnings. Half of the annual income is payable to the General Fund in October each year.

Flower Fund The monies held in this Fund comprise sundry donations, monies raised by fund-raising and fees for wedding flowers. All expenditure is on flowers and floristry requisites for weddings, occasional flower festivals and upkeep of regular services.

Friends Fund This Fund was established to handle the grants awarded by the Friends of Edenbridge Parish Church, towards repairs and maintenance works, and the associated expenditure.

Heating, Projector, Maintenance & Porch Funds These Funds were established to handle income restricted towards specific expenditure.

Vicar & Churchwarden Fund This Fund was set up in 2011 to receive the monies and investments granted to the PCC by the Vicar and Churchwardens on the winding up of the Vicar & Churchwardens Trust.

Vicar's Discretionary Fund The monies held in this Fund may be expended by the Vicar at his discretion to the needy of the parish, without reference to the PCC.

11 Missionary and charitable giving

See note 3bi

Name of charity BRIDGES Church Mission Society Eden Christian Trust Friends of Edenbridge & Westerham CAB Friends of Kent Churches Gods Hands Poverty & Hope 2021 Confirmation collection to Rochester *The following amount was collected but not paid out in 2021* Friends of Sick Children Malawi Black Box collection Rebuild Moldova	£ Notes 1,000 500 4,992 250 100 43 203 13 7,100 59 held in agency account 166 held in agency account 273 held in agency account 497

Additional Charitable Giving not entered through accounts (collections banked directly with receiving charity)	Additional Charitable Giving not entered through accounts (collections banked directly with receiving charity)
Poverty & Hope 2021	525 525

PAROCHIAL CHURCH COUNCIL OF ST PETER & ST PAUL EDENBRIDGE

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2021

12 Prior period comparative SOFA restated following transition to FRS 102

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020

TOTAL TOTAL Unrestricted Restricted Endowment FUNDS FUNDS Notes Funds Funds Funds 2020 2019 £ £ £ £ £ Income and Endowments Voluntary income 2a 79,700 256,746 - 336,447 108,064 Activities for generating funds 2b 16,758 5,499 - 22,257 21,422 Income from investments 2c 6,695 1,405 - 8,100 9,286 Church activities 2d 1,943 - - 1,943 9,675 Other incoming resources 2e - - - - 325 Total income 105,096 263,651 - 368,747 148,772 Expenditure Raising funds 3a 13,919 1,910 - 15,829 14,902 Church activities 3b 92,842 246,874 - 339,716 152,177 Total expenditure 106,760 248,785 - 355,545 167,079 (1,664) 14,866 - 13,203 (18,308) Net gains/losses on investments 6 (17,184) 3,228 50 (13,906) 32,539 Net Income/(Expenditure) (18,848) 18,095 50 (704) 14,231 Net Transfers between funds - transfers in 2,670 942 - 3,612 3,612 Net Transfers between funds - transfers out (942) (2,670) - (3,612) (3,612) Gains/(losses) on revaluation of tangible fixed assets 5 - - - - - Net movement in funds (17,184) 16,431 50 (704) 14,231 Total funds brought forward 664,782 67,832 728 733,342 719,111 Total funds carried forward 10 647,597 84,262 779 732,638 733,342 Net Income/(Expenditure) before investment gains/(losses)	TOTAL TOTAL Unrestricted Restricted Endowment FUNDS FUNDS Notes Funds Funds Funds 2020 2019 £ £ £ £ £ Income and Endowments Voluntary income 2a 79,700 256,746 - 336,447 108,064 Activities for generating funds 2b 16,758 5,499 - 22,257 21,422 Income from investments 2c 6,695 1,405 - 8,100 9,286 Church activities 2d 1,943 - - 1,943 9,675 Other incoming resources 2e - - - - 325 Total income 105,096 263,651 - 368,747 148,772 Expenditure Raising funds 3a 13,919 1,910 - 15,829 14,902 Church activities 3b 92,842 246,874 - 339,716 152,177 Total expenditure 106,760 248,785 - 355,545 167,079 (1,664) 14,866 - 13,203 (18,308) Net gains/losses on investments 6 (17,184) 3,228 50 (13,906) 32,539 Net Income/(Expenditure) (18,848) 18,095 50 (704) 14,231 Net Transfers between funds - transfers in 2,670 942 - 3,612 3,612 Net Transfers between funds - transfers out (942) (2,670) - (3,612) (3,612) Gains/(losses) on revaluation of tangible fixed assets 5 - - - - - Net movement in funds (17,184) 16,431 50 (704) 14,231 Total funds brought forward 664,782 67,832 728 733,342 719,111 Total funds carried forward 10 647,597 84,262 779 732,638 733,342 Net Income/(Expenditure) before investment gains/(losses)	TOTAL TOTAL Unrestricted Restricted Endowment FUNDS FUNDS Notes Funds Funds Funds 2020 2019 £ £ £ £ £ Income and Endowments Voluntary income 2a 79,700 256,746 - 336,447 108,064 Activities for generating funds 2b 16,758 5,499 - 22,257 21,422 Income from investments 2c 6,695 1,405 - 8,100 9,286 Church activities 2d 1,943 - - 1,943 9,675 Other incoming resources 2e - - - - 325 Total income 105,096 263,651 - 368,747 148,772 Expenditure Raising funds 3a 13,919 1,910 - 15,829 14,902 Church activities 3b 92,842 246,874 - 339,716 152,177 Total expenditure 106,760 248,785 - 355,545 167,079 (1,664) 14,866 - 13,203 (18,308) Net gains/losses on investments 6 (17,184) 3,228 50 (13,906) 32,539 Net Income/(Expenditure) (18,848) 18,095 50 (704) 14,231 Net Transfers between funds - transfers in 2,670 942 - 3,612 3,612 Net Transfers between funds - transfers out (942) (2,670) - (3,612) (3,612) Gains/(losses) on revaluation of tangible fixed assets 5 - - - - - Net movement in funds (17,184) 16,431 50 (704) 14,231 Total funds brought forward 664,782 67,832 728 733,342 719,111 Total funds carried forward 10 647,597 84,262 779 732,638 733,342 Net Income/(Expenditure) before investment gains/(losses)
	105,096 263,651 -	368,747 148,772
	13,919 1,910 - 92,842 246,874 -	15,829 14,902 339,716 152,177
	106,760 248,785 -	355,545 167,079

	(1,664) 14,866 -	13,203 (18,308)

	(17,184) 3,228 50	(13,906) 32,539

	(18,848) 18,095 50 2,670 942 - (942) (2,670) - - - -	(704) 14,231 3,612 3,612 (3,612) (3,612) - -
	(17,184) 16,431 50	(704) 14,231
	664,782 67,832 728	733,342 719,111
	647,597 84,262 779	732,638 733,342

There are minor discrepancies in totals throughout due to rounding.

Ss Peter & Paul's Church, Edenbridge Registered Charity No. 1133858

Financial Statements of the Parochial Church Council

for the year ended 31st December 2021

Incumbent:

The Rev'd Dr. Stephen Mitchell SSC The Vicarage Mill Hill Edenbridge Kent TN8 5DA

Bank: HSBC Plc 38 London Road East Grinstead West Sussex RH19 1AB

Independent Examiner:

Joanna Tawse FCA Northview The Street Plaxtol TN15 0QJ

EDENBRIDGE PAROCHIAL CHURCH COUNCIL

INDEX TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2020

Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Accounts	Page
	1 2 3 4 - 13

INDEPENDENT EXAMINER'S REPORT TO EDENBRIDGE PAROCHIAL CHURCH COUNCIL

I report on the accounts of the Parochial Church Council for the year ended 31[st] December 2021 which are set out on pages 2 to 13.

Respective responsibilities of the PCC and the Examiner

It is my responsibility to

Examine the accounts under section 145 of the 2011 Act;
Follow the procedures laid down in the general directions given by the Charity Commissioners section
145 (5) (b) of the 2011 Act; and
State whether particular matters have come to my attention

Basis of Independent Examiner's Report

My examination was carried out in accordance with the General Directions given by the Charity Commission.

Independent Examiner's Statement

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

which give me reasonable cause to believe that in any material respect the requirementsto keep accounting records in accordance with section 130 of the 2011 Act; and to prepare accounts which accord with these accounting records and comply with the accounting requirements of the 2011 Act have not been met; or
to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Signature .................................................................... Date

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

PAROCHIAL CHURCH COUNCIL OF ST PETER & ST PAUL EDENBRIDGE

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021

					TOTAL	TOTAL
		Unrestricted	Restricted	Endowment	FUNDS	FUNDS
	Notes	Funds	Funds	Funds	2021	2020
		£	£	£	£	£
Income and Endowments
Voluntary income	2a	139,836	9,286	-	149,122	336,447
Activities for generating funds	2b	20,546	4,580	-	25,126	22,257
Income from investments	2c	7,607	946	-	8,553	8,100
Church activities	2d	5,292	-	-	5,292	1,943
Total income		173,282	14,812	-	188,094	368,747
Expenditure
Raising funds	3a	6,532	1,911	-	8,443	15,829
Church activities	3b	142,475	35,085	-	177,559	339,716
Total expenditure		149,007	36,995	-	186,002	355,545

Net Income/(Expenditure) before investment gains/(losses)		24,275	(22,183)	-	2,092	13,203

Net gains/losses on investments	6	23,766	4,665	111	28,542	(13,906)

Net Income/(Expenditure)		48,041	(17,518)	111	30,635	(704)
Net transfers between funds - transfers in		4,331	137	-	4,468	2,414
Net transfers between funds - transfers out		(2,402)	(2,067)	-	(4,468)	(2,414)
Gains/(losses) on revaluation of tangible fixed assets	5	-	-	-	-	-
Net movement in funds		49,970	(19,447)	111	30,635	(704)
Total funds brought forward		647,597	84,262	778	732,638	733,342
Total funds carried forward	10	697,568	64,815	890	763,273	732,638

There are minor discrepancies in totals throughout due to rounding.

PAROCHIAL CHURCH COUNCIL OF ST PETER & ST PAUL EDENBRIDGE

BALANCE SHEET AT 31 DECEMBER 2021

Notes Fixed assets Tangible fixed assets 5 Investments 6 Total fixed assets Current assets Debtors and Prepayments 7 Cash at bank and in hand 9 Creditors: amounts falling due within one year 8 Net current assets NET ASSETS Funds Endowment funds 10 Restricted funds 10 Designated Funds 10 Unrestricted funds 10	2021 £ 404,768 235,280 640,048 16,272 109,297 125,568 (2,343) 123,225 763,273 890 64,815 663,812 33,756 763,273	2020 £ 404,829 206,738
		611,566 28,727 98,906
		127,633 (5,007)
		122,627
		734,193
		778 84,262 617,592 30,006
		732,638

Approved by the Parochial Church Council on and signed on its behalf

The Rev'd Dr Stephen Mitchell Chairman

The accompanying notes form a part of these financial statements.

PAROCHIAL CHURCH COUNCIL OF ST PETER & ST PAUL EDENBRIDGE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

1 Accounting policies

a Basis of preparation

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 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;

c Income and Endowments

All income and endowments are accounted for gross.

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 PCC is legally entitled to the amount due.

Income from investments

Dividends are accounted for when due and payable. Interest entitlements are accounted for as they accrue.

All other income

All other income is recognised when it is receivable.

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.

PAROCHIAL CHURCH COUNCIL OF ST PETER & ST PAUL EDENBRIDGE

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2021

1 Accounting policies (continued)

d Expenditure

Expenditure is accounted for gross.

Grants

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

Church Activities

e Fixed Assets

Tangible fixed assets

Tangible fixed assets for use by the PCC. These are capitalised if they can be used for more than one year, and cost at least £1,000.

Depreciation is calculated to write off the capital cost of fixed assets less their currently anticipated residual fair value over their estimated useful lives as follows:

Music, CCTV & Office equipment 5 years Staging equipment 10 years

Investments

Investments are stated at market value at the balance sheet date.

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 uncollectable.

PAROCHIAL CHURCH COUNCIL OF ST PETER & ST PAUL EDENBRIDGE

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2021

2 Income and Endowments

a Voluntary income Planned giving - gift aid Income tax recoverable on planned giving Other planned giving Collections Donations and appeals Income tax recoverable on donations and appeals Grants Legacies b Activities for generating funds St Paulinus lettings to non church organisations Bookstall sales and Parish Magazine Wedding flowers Fetes, bazaars and other fund-raising events c Income from investments Rental of investment property Dividends and interest d Church Activities Bookstall sales to promote objectives Social events Fees from weddings etc Total income*	TOTAL TOTAL General Designated Restricted Endowment FUNDS FUNDS Fund Funds Funds Funds 2021 2020 £ £ £ £ £ £ 45,071 - - - 45,071 42,584 11,260 - - - 11,260 10,577 15,077 - - - 15,077 16,208 2,148 - - - 2,148 1,756 4,639 50,264 1,446 - 56,348 7,161 1,565 - 169 - 1,734 1,757 802 9,011 7,672 - 17,484 255,204 - - - - - 1,200
	80,562 59,274 9,286 - 149,122 336,447
	- 9,846 - - 9,846 7,786 32 - - - 32 23 - - 395 - 395 80 7,269 3,399 4,185 - 14,853 14,368
	7,301 13,245 4,580 - 25,126 22,257
	350 - - - 350 350 7,189 69 946 - 8,203 7,750
	7,539 69 946 - 8,553 8,100
	252 - - - 252 6 96 - - - 96 84 4,944 - - - 4,944 1,854
	5,292 - - - 5,292 1,943

	100,694 72,588 14,812 - 188,094 368,747

* includes GASDS (gift aid small donations scheme) recovery

PAROCHIAL CHURCH COUNCIL OF ST PETER & ST PAUL EDENBRIDGE

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2021

3 a b	Expenditure Raising funds Stewardship costs Costs relating to St Paulinus lettings Fund raising events Church Activities i. Missionary and charitable giving (Note 11): Giving to missionary socities Home Mission Giving to secular charities ECT ii. Ministry costs: Diocesan Contribution Working expenses Vicarage expenses Lay Staff iii. Church running expenses: Electricity Gas Water & drainage Telephone Insurance Cleaning Maintenance Major works, installations & decorations iv. Upkeep of services: Sacristy etc Organ (inc piano) Organist /Choir Director fees & visiting organists Choir & music Flowers v. Bank charges vi. Social event costs vii. Training, Mission & Education costs viii. Administrator salary and on costs ix. Administration + Church Office costs x. Depreciation Total Expenditure	TOTAL TOTAL General Designated Restricted Endowment FUNDS FUNDS Fund Funds Funds Funds 2021 2020 £ £ £ £ £ £ 112 - - - 112 154 - 4,905 - - 4,905 8,571 199 1,316 1,911 - 3,425 7,104
		311 6,221 1,911 - 8,443 15,829
		500 - 203 - 703 605 1,156 - - - 1,156 1,475 250 - - - 250 400 4,992 - - - 4,992 4,992 51,500 - 3,000 - 54,500 52,000 - - - - - 288 3,890 - - - 3,890 3,730 72 - - - 72 60 1,847 - - - 1,847 2,483 1,498 - 252 - 1,750 1,768 294 - - - 294 84 570 - - - 570 688 5,460 - - - 5,460 6,050 402 - - - 402 46 7,338 1,087 - - 8,425 1,987 - 37,166 30,138 - 67,305 243,588 1,728 - - - 1,728 1,599 1,320 - - - 1,320 - 4,495 - - - 4,495 3,543 486 - - - 486 652 - 81 1,407 - 1,488 429 1 - - - 1 - 136 152 - - 288 31 878 7 85 - 970 308 10,080 - - - 10,080 9,586 2,772 - - - 2,772 1,769 1,040 1,276 - - 2,316 1,554
		102,705 39,770 35,085 - 177,559 339,716

		103,016 45,991 36,995 - 186,002 355,545

PAROCHIAL CHURCH COUNCIL OF ST PETER & ST PAUL EDENBRIDGE

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2021

4 Staff costs

			2021	2020
a	Wages and salaries		£	£
	Parish Secretary	Salary	9,607	9,116

During the year the Parochial Church Council employed a part time Parish Secretary

b Payments to Related Parties

There were no payments made to any PCC member, persons connected to them or related parties. There were no claims for expenses from PCC members made during the year.

5 Tangible fixed assets

Tangible fixed assets
Cost or valuation At 1 January 2021 Additions Disposals Revaluation At 31 December 2021 Depreciation see note 1e At 1 January 2021 Provided in the year Disposals At 31 December 2021 Net book amounts At 31 December 2021 At 31 December 2020	*Freehold land* *New* *Staging* *Sound* *CCTV* TOTAL *and buildings* *Photocopier* *System* *System* £ £ £ £ £ £ 400,000 3,693 3,015 2,571 - 409,279 - - - - 3,810 3,810 - - - - - - - - - - - -
	400,000 3,693 3,015 2,571 3,810 413,089
	- 2,954 1,507 1,543 - 6,004 - 739 301 514 762 2,316 - - - - - -
	- 3,693 1,809 2,057 762 8,321

	400,000 - 1,206 514 3,048 404,768

	400,000 1,477 1,809 1,543 - 404,829

PAROCHIAL CHURCH COUNCIL OF ST PETER & ST PAUL EDENBRIDGE

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2021

Investments At 1 January 2021 Disposals at carrying value Purchases at cost Brought in as gift Net gains and revaluation At 31 December 2021	Unrestricted Funds £ 173,346 - - - 23,766	Restricted Endowment Total Funds Funds £ £ £ 32,613 779 206,738 - - - - - - - - - 4,665 111 28,542	Restricted Endowment Total Funds Funds £ £ £ 32,613 779 206,738 - - - - - - - - - 4,665 111 28,542

	197,112	37,278 890 235,280

M&G Charifund CBF Investment Funds - Vicar & Churchwarden CBF Investment Funds - Vicar & Churchwarden FP CAF UK Equity Fund B Income Holding Fund The following investments are held by the PCC Capital Projects Designated, income mandated to General Vicar and Churchwarden Restricted General, Unrestricted Capital Projects, Designated, income mandated to General		Cost or brought in value Units £ 45,000 6,762 105,230 15,970 1,592 37,278 8,599 857 20,073 8,113 8,970 15,114 177,695
			177,695
Cost or brought in value Units £ CBF Investment Fund - Chancel (purpose: chancel repairs ) 26 38 890 CBF Investment Fund - Parsonage (general purposes) 10,010 2,421 56,695 57,585 Holding Fund Endowment, income mandated to CRF Designated Capital Projects Designated, income mandated to General The following investments belong to the PCC but are held by the diocese in trust and relate to endowments or permanent trusts where the income is mandated to the Parochial Church Council for the purposes listed.
			57,585
Total Investments
			235,280

PAROCHIAL CHURCH COUNCIL OF ST PETER & ST PAUL EDENBRIDGE

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2021

7 Debtors & Prepayments

Debtors & Prepayments
Income tax recoverable Prepayments Other debtors	2021 2020 £ £ 1,169 1,065 3,679 3,730 11,423 23,932
	16,272 28,727

8	Creditors 2021 2020 £ £ Accruals for utilities and other costs 646 673 Other creditors 1,698 4,334 2,343 5,007 Analysis of Net assets by fund General unrestricted Designated unrestricted Restricted Endowment Total Funds Total Funds Funds Funds Funds Funds 2021 2020 £ £ £ £ £ Fixed assets for church use 1,206 403,562 - - 404,768 403,274 Investment fixed assets 15,114 181,998 37,278 890 235,280 206,738 Cash at bank and in hand 15,540 71,548 22,209 - 109,297 98,906 Debtors & prepayments 2,260 6,986 7,026 - 16,272 28,727 Current liabilities (363) (282) (1,698) - (2,343) (5,007) 33,756 663,812 64,815 890 763,273 732,638	Creditors 2021 2020 £ £ Accruals for utilities and other costs 646 673 Other creditors 1,698 4,334 2,343 5,007 Analysis of Net assets by fund General unrestricted Designated unrestricted Restricted Endowment Total Funds Total Funds Funds Funds Funds Funds 2021 2020 £ £ £ £ £ Fixed assets for church use 1,206 403,562 - - 404,768 403,274 Investment fixed assets 15,114 181,998 37,278 890 235,280 206,738 Cash at bank and in hand 15,540 71,548 22,209 - 109,297 98,906 Debtors & prepayments 2,260 6,986 7,026 - 16,272 28,727 Current liabilities (363) (282) (1,698) - (2,343) (5,007) 33,756 663,812 64,815 890 763,273 732,638
9

		33,756 663,812 64,815 890 763,273 732,638

PAROCHIAL CHURCH COUNCIL OF ST PETER & ST PAUL EDENBRIDGE

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2021

10 Statement of funds

	At				Other	At
	1 Jan 2021	Income	Expenditure	Transfers	gains/(losses) 31 Dec 2021
	£	£	£	£	£	£
Unrestricted Funds -	undesignated
General	30,006	100,694	(103,016)	4,331	1,741	33,756
	30,006	100,694	(103,016)	4,331	1,741	33,756
Unrestricted Funds -	designated
2020	288	3,662	(1,549)	(2,402)	-	-
Casey	-	56,956	(38,686)	-	-	18,270
Capital Projects	561,781	1	-	-	22,025	583,807
Church Repair	25,678	67	-	-	-	25,745
Clock	278	55	(330)	-	-	3
Meadows Legacy	14,830	-	(514)	-	-	14,316
Projector	959	-	(7)	-	-	952
St Paulinus	13,778	11,846	(4,905)	-	-	20,719
	617,592	72,588	(45,991)	(2,402)	22,025	663,812
Restricted Funds
2020	98	7	(105)	-	-	-
Charitable Appeals	-	203	(203)	-	-	-
Chaplaincy	-	3,000	(3,000)	-	-	-
Club	2,882	4,178	(1,806)	(2,067)	-	3,188
Flower	216	1,807	(1,407)	137	-	754
Friends	42,326	4,420	(30,138)	-	-	16,607
Heating	-	252	(252)	-	-	-
Maintenance	3,000	(3,000)		-	-	-
Porch	-	3,000	-	-	-	3,000
Projector	17	-	-	-	-	17
Vicar & Churchwarden	34,823	946	(85)	-	4,665	40,349
Vicar's Discretionary	901	-	-	-	-	901
	84,262	14,812	(36,995)	(1,929)	4,665	64,815
Endowment Funds
Chancel repair	778	-	-	-	111	890
	778	-	-	-	111	890

Total funds	732,638	188,094	(186,002)	-	28,543	763,273

The designated funds comprise:

2020 Fund This Fund was established to handle the designated income and expenditure relating to the celebration of the 900 year anniversary.

The Casey Fund. This fund, resulting from a substantial donation, was established to track the expenditure attached to it by the PCC.

The Clock Fund. This Fund was established to handle money set aside by the PCC towards the future repair of the tower clock. Remaining monies are being held against future maintenance.

Meadows Legacy Fund . This Fund was established to hold monies and left as an unrestricted legacy until such time as the PCC decides how to expend the monies.

The Projector Fund. Was established to handle a single unrestricted donation, designated by the PCC for expenditure on the projector and other all age worship expenses

The endowment funds comprise:

Chancel Repair Fund. The income from this Endowment is mandated to the Church Repair Fund.

PAROCHIAL CHURCH COUNCIL OF ST PETER & ST PAUL EDENBRIDGE

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2021

10 Statement of funds (continued)

The restricted funds comprise:

2020 Fund This Fund was established to handle the restricted income and expenditure relating to the celebration of the 900 year anniversary.

Charitable Appeals Fund The monies held in this Fund arise from special appeals held from time to time for current local, national and international requests for aid.

Chaplaincy Fund This fund was established to handle the restricted annual grant from The Edenbridge Hospital League of Friends and subsequent expenditure.

Club Fund This Fund was established to handle subcriptions to the 100 club and payment of winnings. Half of the annual income is payable to the General Fund in October each year.

Friends Fund This Fund was established to handle the grants awarded by the Friends of Edenbridge Parish Church, towards repairs and maintenance works, and the associated expenditure.

Heating, Projector, Maintenance & Porch Funds These Funds were established to handle income restricted towards specific expenditure.

Vicar's Discretionary Fund The monies held in this Fund may be expended by the Vicar at his discretion to the needy of the parish, without reference to the PCC.

11 Missionary and charitable giving

See note 3bi

Name of charity BRIDGES Church Mission Society Eden Christian Trust Friends of Edenbridge & Westerham CAB Friends of Kent Churches Gods Hands Poverty & Hope 2021 Confirmation collection to Rochester *The following amount was collected but not paid out in 2021* Friends of Sick Children Malawi Black Box collection Rebuild Moldova	£ Notes 1,000 500 4,992 250 100 43 203 13 7,100 59 held in agency account 166 held in agency account 273 held in agency account 497

Additional Charitable Giving not entered through accounts (collections banked directly with receiving charity)	Additional Charitable Giving not entered through accounts (collections banked directly with receiving charity)
Poverty & Hope 2021	525 525

PAROCHIAL CHURCH COUNCIL OF ST PETER & ST PAUL EDENBRIDGE

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2021

12 Prior period comparative SOFA restated following transition to FRS 102

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020

TOTAL TOTAL Unrestricted Restricted Endowment FUNDS FUNDS Notes Funds Funds Funds 2020 2019 £ £ £ £ £ Income and Endowments Voluntary income 2a 79,700 256,746 - 336,447 108,064 Activities for generating funds 2b 16,758 5,499 - 22,257 21,422 Income from investments 2c 6,695 1,405 - 8,100 9,286 Church activities 2d 1,943 - - 1,943 9,675 Other incoming resources 2e - - - - 325 Total income 105,096 263,651 - 368,747 148,772 Expenditure Raising funds 3a 13,919 1,910 - 15,829 14,902 Church activities 3b 92,842 246,874 - 339,716 152,177 Total expenditure 106,760 248,785 - 355,545 167,079 (1,664) 14,866 - 13,203 (18,308) Net gains/losses on investments 6 (17,184) 3,228 50 (13,906) 32,539 Net Income/(Expenditure) (18,848) 18,095 50 (704) 14,231 Net Transfers between funds - transfers in 2,670 942 - 3,612 3,612 Net Transfers between funds - transfers out (942) (2,670) - (3,612) (3,612) Gains/(losses) on revaluation of tangible fixed assets 5 - - - - - Net movement in funds (17,184) 16,431 50 (704) 14,231 Total funds brought forward 664,782 67,832 728 733,342 719,111 Total funds carried forward 10 647,597 84,262 779 732,638 733,342 Net Income/(Expenditure) before investment gains/(losses)	TOTAL TOTAL Unrestricted Restricted Endowment FUNDS FUNDS Notes Funds Funds Funds 2020 2019 £ £ £ £ £ Income and Endowments Voluntary income 2a 79,700 256,746 - 336,447 108,064 Activities for generating funds 2b 16,758 5,499 - 22,257 21,422 Income from investments 2c 6,695 1,405 - 8,100 9,286 Church activities 2d 1,943 - - 1,943 9,675 Other incoming resources 2e - - - - 325 Total income 105,096 263,651 - 368,747 148,772 Expenditure Raising funds 3a 13,919 1,910 - 15,829 14,902 Church activities 3b 92,842 246,874 - 339,716 152,177 Total expenditure 106,760 248,785 - 355,545 167,079 (1,664) 14,866 - 13,203 (18,308) Net gains/losses on investments 6 (17,184) 3,228 50 (13,906) 32,539 Net Income/(Expenditure) (18,848) 18,095 50 (704) 14,231 Net Transfers between funds - transfers in 2,670 942 - 3,612 3,612 Net Transfers between funds - transfers out (942) (2,670) - (3,612) (3,612) Gains/(losses) on revaluation of tangible fixed assets 5 - - - - - Net movement in funds (17,184) 16,431 50 (704) 14,231 Total funds brought forward 664,782 67,832 728 733,342 719,111 Total funds carried forward 10 647,597 84,262 779 732,638 733,342 Net Income/(Expenditure) before investment gains/(losses)	TOTAL TOTAL Unrestricted Restricted Endowment FUNDS FUNDS Notes Funds Funds Funds 2020 2019 £ £ £ £ £ Income and Endowments Voluntary income 2a 79,700 256,746 - 336,447 108,064 Activities for generating funds 2b 16,758 5,499 - 22,257 21,422 Income from investments 2c 6,695 1,405 - 8,100 9,286 Church activities 2d 1,943 - - 1,943 9,675 Other incoming resources 2e - - - - 325 Total income 105,096 263,651 - 368,747 148,772 Expenditure Raising funds 3a 13,919 1,910 - 15,829 14,902 Church activities 3b 92,842 246,874 - 339,716 152,177 Total expenditure 106,760 248,785 - 355,545 167,079 (1,664) 14,866 - 13,203 (18,308) Net gains/losses on investments 6 (17,184) 3,228 50 (13,906) 32,539 Net Income/(Expenditure) (18,848) 18,095 50 (704) 14,231 Net Transfers between funds - transfers in 2,670 942 - 3,612 3,612 Net Transfers between funds - transfers out (942) (2,670) - (3,612) (3,612) Gains/(losses) on revaluation of tangible fixed assets 5 - - - - - Net movement in funds (17,184) 16,431 50 (704) 14,231 Total funds brought forward 664,782 67,832 728 733,342 719,111 Total funds carried forward 10 647,597 84,262 779 732,638 733,342 Net Income/(Expenditure) before investment gains/(losses)
	105,096 263,651 -	368,747 148,772
	13,919 1,910 - 92,842 246,874 -	15,829 14,902 339,716 152,177
	106,760 248,785 -	355,545 167,079

	(1,664) 14,866 -	13,203 (18,308)

	(17,184) 3,228 50	(13,906) 32,539

	(18,848) 18,095 50 2,670 942 - (942) (2,670) - - - -	(704) 14,231 3,612 3,612 (3,612) (3,612) - -
	(17,184) 16,431 50	(704) 14,231
	664,782 67,832 728	733,342 719,111
	647,597 84,262 779	732,638 733,342