2020-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of Broadwater Worthing

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			Page	Page
Report ofthe Trustees		1	to	7
Independent Examiner's Report
Statement ofFinancial	Activities
Statement ofFinancial	Position	10	to	11
Statement ofCash Flmvs			12
Notes to the Statemeat	ofCash Flows		13
Notes to the Financial	Statements	14	to	23
Detailed Statement ofFinancial Activities		24	to	25

					2020	2019
			Unrestricted	Restricted	Total	Total
INCOMING RESOURCES FROM		Notes	funds	funds f	funds	funds
CHARITABLE ACTIVITIES FROM
Voluntary iucotne			347,095		347&095	822,632
Charitable activities
Church Activities			7,224		7,224	7,807
Activities for generating investment income Other income	funds		13,511 33,220 3,622		13,511 33,220 3,622	35,040 10,940 8,293
Total			404,672		404,672	884,712
EXPENDITURE ON
Charitable activities
Church Activities			58S,207		588,207	465,262
NET INCOME/(EXPENDITURE)			(183,535)		(183,535)	419,450
Transfers between funds		13	123,081	(123,081)		1
Net movement in funds			(60,454)	(123,081)	(183,535)	419,451
RECONCILIATION OF	FUNDS
Total funds brought forward			1&057,039	800,826	1,857,865	1,438,414
TOTAL FUNDS CARRIED FORWARD			996,585	677,745	1,674,330	1,857,865

					2020	2019
			Unrestricted	Restricted	Total	Total
			funds	fuads	funds	fends
		Notes
FIXEDASSETS
Tangible assets		10	634,617		634,617	646,286
CURRENT ASSETS
Investments Cash at bank		11	149,086 212,884	677,745	826,831 212,884	1,065,412 151,627
			361,970	677,745	1,039,715	1,217,039
CREDITORS
Amounts falling due within	one year	12	(2)		(2)	(5,460)
NET CURRENT ASSETS			361,968	677,745	1,039,713	1,211,579
TOTAL ASSETSLESSCURRENT
LIABILITIES			996,585	677,745	1,674,330	1,857,865
NET ASSETS			996,585	677,745	1,674,330	1,857,865

FU.iDS
Unrestricted funds:
Unrestricted -General Designated - Quinquennial	and Audko/Visual	882,678 113,907	922,039 135,000
Restricted funds:		996,585	1,057,039
Restricted -St Mary's Re-ordering Restricted - Parish Youth Work Restricted -Childrens Pastor Salary		476,534 193,711 75500	562,482 238,344
		677,745	800,826
TOTAL FUNDS
		1,674430	1,857,865

				2020	2019
			Notes
Cash flows from operating activities
Cash generated fiom operations				(225,835)	429,554
Net cash (used in)/provided	by operating		activities	(225,835)	429,554
Cash flows from investing	activities
Other expenses Other income Depreciation Withdrawals &om deposit accounts Sale/(purchase) ofinvestments Interest received				3&622 11,669 238,581 33420	(11,493) 8,293 (1,003,543) 10,940
Net cash provided by/(used	in) investing		activities	287,092	(995,803)
Change in cash and cash equivalents		in	the
reporting period Cash and cash equivalents	at tbe beginning			61,257	(566,249)
ofthe reporting period				151,627	717,876
Cash and cash equivalents	at the end	ofthe
reporting period				212,884	151,627

ACTIVITIES		O	PERATING
		2020 f	2019
Net (expenditure)/income ofFinancial Activities) Adjustments for:	for the reporting period (asper the Statement	(183,535)	419,450
Profit on disposal offixed assets Interest received Decrease in debtors Decrease in creditors		(3,622) (33,220) (5,458)	(8,293) (10,940) 60,026 (30,689)
Net cash (used in)/provided	by operations	(225,835)	429,554

			At 1.1.20	Cash flow	At 31.12.20
Net cash
Cash at	bank and	in hand	151,627	61,257	212)884
			151,627	61,257	212,$84
Liquid	resources
Deposits	included	in cash
Current	asset investments		1,065,412	(238,581)	826,$31
			1,065,412	(238,581)	826,831
Total			1,217,039	(177324)	1,039715

VOLUNT
			2020	2019
	Unrestricted	Restricted	Total	Total
Planned giving Collection at services Donations and appeals Income tax recoverable Grants Legacies	funds f 198,078 7,319 51,382 57,906 12,188 20,222	funds	funds 198,078 7&319 51,382 57,906 12&188 20422	funds f 186,200 31,402 31,174 29,368 544,488
	347,095		347,095	822,632

ACTI	VITIES FOR GENERA	TING FUNDS
				2020	2019
		Unrestricted	Restricted	Total	Total
Room Other	hire	funds f 13,111 400	funds	funds 13&111 400	funds f 34,995 45
		13,511		13,511	35,040

4.	INVESTMENT INCOME
					2020	2019
			Unrestricted	Restricted	Total	Total
			funds	fuads	funds	funds
	Interest received and Reatai income		33,220		33,220	10,940
5.	INCOME FROM CHARITABLE ACTIVITIES
					2020	2019
		Activity
	Fees	Church Activities			7,224	7,807
6.	CHARITABLE ACTIVITIES COSTS
					Support
				Direct	costs (see
				Costs f	note 71	Totals
	Church Activities			585,795	2,412	588,207
7.	SUPPORT COSTS
						Governance
						costs
	Church Activities					2,412

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
		Unrestricted	Restricted	Total
		funds	funds	funds
INCOMING RESOURCES FROM				8
CHARITABLE ACTIVITIES FROM
Voluntary income		822,632		822,632
Charitable activities
Church Activities		7,807		7,807
Activities for generating Investment income Other income	funds	35,040 10,940 8,293		35,040 10,940 8,293
Total		884,712		884,712
EXPENDITURE ON
Charitable activities
Church Activities		465,262		465,262
NET INCOME		419,450		419,450
Transfers between funds		62,809	(62,808)	1
Net movement in funds		482,259	(62,808)	419,451
RECONCILIATION OFFUNDS
Total funds brought forward		574,780	863,634	1,438,414
TOTAL FUNDS CARRIED FORWARD		1,057,039	800,826	1,857,865

			Moveable
	Freehold	Plant and	church
	property f	machinery	furnishings	Equipment f	Totals
Cost
At I January 2020 and
31December 2020	634,617	1,291	74,426	29,695	740,029
Depreciation
At I January 2020 Charge for year		1,291	62,757 11,669	29,695	93,743 11,669
At 31 December 2020		19291	74,426	29,695	105,412
Net book value
At 31December 2020	634,617				634,617
At 31December 2019	634,617		11,669		646,286
Freehold land and property
Freehold land
Rear ofQueen Street					16,057
Freehold property
Broadwater centre Clergy houses			1987		140,682
67 Normandy Road 37Angola Road 53 Lavington Road			1995 1997 2008	93,804 145,698 238,376	477,878
TOTAL					634,617

					2020	2019
	Fixed Rate Interest Deposits				f 826,831	f 1,065,412
12.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONK			YEAR
					2020	2019
	Other creditors				2	f 5,460
13.	MOVEMENT IN FUNDS
				Net	Transfers
				movement	between	At
			At 1.1.20 f	in funds f	funds f	31.12.20
	Unrestricted funds
	Unrestricted -General Designated - Quinquennial	and	922,039	(183,535)	1447174	882,678
	Audio/Visual		135,000		(21,093)	113,907
	Restricted funds		1,057,039	(183,535)	123,081	996,585
	Restricted - StMary's Re-ordering Restricted - Parish Youth Work Restricted - Childrens Pastor Salary 562,482 238,344				(85,948) (44,633) 7&500	476,534 193,711 7,500
			800,826		(123,081)	677,745
	TOTAL FUNDS		1,857,865	(183,535)		1,674,330
	Net movement in funds, included		in the above are as follows:
				Incoming	Resources	Movement
				resources f	expended	in funds
	Unrestricted funds
	Unrestricted -General			404,672	(588,207)	(183,535)
	TOTAL FUNDS			404)672	(588,207)	(183,535)

		Net	Transfers
		movement	between	At
	At 1.1.19	in funds	funds	31.12.19
Unrestricted funds
Unrestricted -General Designated - Quinquennial and	549,740	419,450	(47,151)	922,039
Audio/Visual	25,040		109,960	135,000
Restricted funds	574,780	419,450	62,809	1,057,039
Restricted - StMary's Re-ordering Restricted - PCC Queen Street Land Restricted - PCC Hosanna Team Vicar's	314,546 16,057		247,936 (16,057)	562,482
House Restricted - StStephens Rewire fund Restricted - StStephens Children fund Restricted - St Stephens BARFund Restricted - StStephens Green Hills Trust Restricted - St Stephens RLFund Restricted - Queen Street Youth Work Restricted - StMary's Our Space Restricted - St Stephens ABC fund Restricted - St Stephens All Branch fund Restricted - StStephens Messy Church fund Restricted - StStephens RG I'und Restricted - Parish Youth Work Restricted - StMary's Reordering Fund	125,828 807 71 220 317 1,091 1,214 956 187 520 509 900 411 400,000		(125,828) (807) (71) (220) (317) (1,091) (1,214) (956) (187) (520) (509) (900) 237,933 (400,000)	238,344
	863,634		(62,808)	800,826
TOTAL FUNDS	1,438,414	419,450		1,857,865

		Incoming	Resources	Movement
		resources f	expended f	in funds
Unrestricted	funds
Unrestricted	-General	884,712	(465,262)	419,450
TOTAL FUNDS		884,712	(465,262)	419,450

		Net	Transfers
		movement	between	At
	At 1.1.19	in funds	funds	31.12.20
			f
Unrestricted funds
Unrestricted -General Designated - Quinquennial and	549,740	235,915	97,023	882,678
Audio/Visual	25,040		88,867	113,907
Restricted funds	574,780	235,915	185,890	996,585
Restricted - StMary's Re-ordering Restricted - PCC Queen Street Land Restricted - PCC Hosanna Team Vicar's	314,546 16,057		161,988 (16,057)	476,534
House Restricted - St Stephens Rewire fund Restricted - St Stephens Children fund Restricted - StStephens BAR Fund Restricted - St Stephens Green Hills Trust Restricted - St Stephens RLFund Restricted - Queen Street Youth Work Restricted - StMary's Our Space Restricted - St Stephens ABC fund Restricted - StStephens All Branch fund Restricted - St Stephens Messy Church fund Restricted - St Stephens RG fund Restricted - Parish Youth Work Restricted - StMary's Reordering Fund Restricted - Childrens Pastor Salary	125,828 807 71 220 317 1,091 1,214 956 187 520 509 900 411 400,000		(125,828) (807) (71) (220) (317) (1,091) (1,2 14) (956) (187) (520) (509) (900) 193,300 (400,000) 7,500	193,711 7,500
	863,634		(185,889)	677,745
TOTAL FUNDS	1,438,414	235,915		1,674,330

		Incoming	Resources	Movement
		resources	expended	in funds
				8
Unrestricted	funds
Unrestricted	-General	1,289,384	(1,053,469)	235,915
TOTAL FUNDS		1,289,384	(1,053,469)	235,915

				2020	2019
		Unrestricted	Restricted	Total	Total
		funds 0	funds	fundsf	funds
INCOMING RESOURCES FROM CHARITABLE ACTIVITIES
Voluntary income
Planned giving Collection at services Donations and appeals Income tax recoverable Grants Legacies		198,078 7419 51&382 57,906 12,188 20,222		198,078 7,319 51,382 57,906 12,188 20,222	186,200 31,402 31,174 29,368 544,488
		347,095		347,095	822,632
Activities for generating	funds
Room hire Other		13,111 400		13,111 400	34,995 45
		13,511		13,511	35,040
Investment income
Interest received and Rental income		33420		33,220	10,940
Charitable activities
Fees		7,224		7,224	7,807
Other income
Other income		3,622		39622	8,293
Totalincomlng resources		404,672		404,672	884,712
EXPENDITURE
Charitable activities
Missionary and charitable Ministry costs Church running expenses Oifice salaries Carried forward	giving	21,824 144,430 101,967 106,471 374,692		21,824 144,430 101,967 106,471 374,692	14,689 158,000 Ii2,325 86,903 371,917

			2020	2019
	Unrestricted	Restricted	Total	Total
	funds I	funds	funds	feeds
Charitable activides
Brought forward Light and heat Maintenance, Security &Repair Administration lasurance Cleaning Depreciation Obligations &subscriptions Training staff StMary's Re-Ordering	374,692 18,644 63,252 6,244 7,060 11,669 1348 102,886		374,692 18,644 63,252 6,244 7,060 11,669 1,348 102,886	371,917 28,807 14,581 5,800 5,337 85 15,755 4,060 84
	585,795		585,795	446,426
Support costs
Governance costs
Accountancy and legal fees	2,412		2,412	18,836
Total resources expended	588,207		588,207	465,262
Net income/(expenditure)	(183,535)		(183,535)	419,450