**REGISTERED CHARITY NUMBER: 1134255**
## **Report of the Trustees and**
**Unaudited Financial Statements for the Year Ended 31 December 2020**
## **for**
## **PAROCHIAL CHURCH COUNCIL OF ST ALBAN'S, HINDHEAD**
Knox Cropper LLP Chartered Accountants Office Suite 1 Haslemere House Lower Street Haslemere Surrey GU27 2PE
**PAROCHIAL CHURCH COUNCIL OF ST ALBAN'S, HINDHEAD**
## **Contents of the Financial Statements for the Year Ended 31 December 2020**
||**Page**|
|---|---|
|**Report of the Trustees**|1 to 4|
|**Independent Examiner's Report**|5|
|**Statement of Financial Activities**|6|
|**Balance Sheet**|7|
|**Notes to the Financial Statements**|8 to 18|
|**Detailed Statement of Financial Activities**|19 to 20|
**PAROCHIAL CHURCH COUNCIL OF ST ALBAN'S, HINDHEAD**
## **Report of the Trustees for the Year Ended 31 December 2020**
The trustees present their report with the financial statements of the charity for the year ended 31 December 2020. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The objective of St Alban's, Hindhead is to provide a community to enable people to worship God, to develop their faith, and to build up a sense of community, within the parish of Hindhead.
To this end, it provides:
- worship - two Sunday morning services and a monthly mid week service;
- pastoral support from clergy and laity;
- and other activities such as Home groups, Christian courses, activities for children and occasional social events.
In addition, in order to finance these activities of St Alban's as a worshipping community, St Alban's uses its buildings for concerts, for rehearsals, for classes and for other purposes.
To maintain its ability to support both parish and community activities, the parish regularly undertakes work to maintain and, where possible, enhance the buildings and their facilities.
## **ACHIEVEMENT AND PERFORMANCE**
## **Achievements and Performance and Public Benefit**
When planning their activities, the incumbent and the PCC considered the Commission's guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion.
During 2020 the church was affected greatly by the Coronavirus pandemic. However, St. Alban's continued to serve the community. At the start of the year, our usual service pattern was maintained, but from March 2020, we provided a weekly online service and a weekly Junior Church celebration. In the summer we held an online Holiday Club. Live services were held whenever possible, and these included a regular 9.00am Communion and special events, such as a drive-in carol service at Christmas. Most pastoral work was carried out online or via the telephone.
There was major work to address significant problems with the exterior of the south side of the church. Other significant projects included maintenance of the lightning protection. The Quinquennial inspection was carried out in October and this has identified several issues.
Inevitably, the lettings of the Community Hall decreased significantly during 2020. However, the Church Cottage was rented out throughout the year. St Alban's continued to give a regular amount to the work of the Bible Society.
Page 1
**PAROCHIAL CHURCH COUNCIL OF ST ALBAN'S, HINDHEAD**
## **Report of the Trustees for the Year Ended 31 December 2020**
## **FINANCIAL REVIEW**
## **Financial position**
The total income was £133,587, as detailed in the financial statements. Expenditure amounted to £180,582 resulting in net expenditure of £46,995, compared with net income in the preceding year of £127,393. The net income comprises net expenditure on unrestricted funds of £13,770 and net expenditure on restricted funds of £33,225. £6,209 of General Funds was paid to charities in February 2021 in line with our policy to give away 10% of our regular income.
As a result, the funds totalled £1,134,855 at 31st December 2020, compared with £1,181,850 at 31st December 2019. At the year end restricted funds amounted to £1,000,531 whilst unrestricted general funds amounted to £64,324 and designated funds of £70,000. Restricted funds include the book value of the properties which totalled £900,117.
A number of factors contributed to the result for the year. Income decreased by £169,416 compared to 2019. In 2019 the church received an unrestricted legacy of £90,000 as well as a higher level of legacy income restricted to property expenditure. In addition, the Link fundraising project resulted in significant one off donations in 2019. Despite intermittent church closures during 2020, planned giving, collections and other donations for general funds remained at a consistent level.
Expenditure increased by £4,972 in 2020 compared to 2019. This increase was primarily due to higher rate of Diocesan parish share paid and the increase of stone work maintenance incurred in the year. However, this was largely offset by lower expenditure on fabric maintenance in the year and reduced day to day expenses, as the church was closed for large periods of the year.
## **Reserves policy**
The PCC aims to maintain unrestricted reserves equal to a minimum of 6 months expenditure in order to meet unexpected urgent expenditure or to continue to meet necessary regular costs if income decreases.
Restricted funds
The restricted funds are set out in Note 18 to the accounts.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The Parochial Church Council (PCC) is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure. The PCC is a Registered Charity.
## **Recruitment and appointment of new trustees**
The appointment of PCC members is governed by and set out in the Church Representation Rules. All church attendees are encouraged to register on the Electoral Roll of the parish, and the PCC is elected by the Electoral Roll. The churchwardens, who are elected at the Annual Parish Meeting by Electoral Roll members, are members of the PCC.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number**
1134255
## **Principal address**
St Alban's Church Tilford Road Hindhead Surrey GU26 6RB
Page 2
**PAROCHIAL CHURCH COUNCIL OF ST ALBAN'S, HINDHEAD**
## **Report of the Trustees for the Year Ended 31 December 2020**
## **Trustees**
Richard Bodle Clergy Derek Holbird Clergy Jenny Brown Churchwarden Jung Daruvala Churchwarden Sally Elliott Deanery Synod representative Amanda Gamble Philip Herson Jacqui Maybury Richard Maybury Tanya Parkes (resigned 11.10.20) David Sale Heather Sale (resigned 1.3.21) Radek Uzel Duncan Willows Rebecca Willows (appointed 11.10.20)
## **Independent Examiner**
James Holland-Leader, FCA ICAEW Knox Cropper LLP Chartered Accountants Office Suite 1 Haslemere House Lower Street Haslemere Surrey GU27 2PE
Page 3
**PAROCHIAL CHURCH COUNCIL OF ST ALBAN'S, HINDHEAD**
## **Report of the Trustees for the Year Ended 31 December 2020**
## **REFERENCE AND ADMINISTRATIVE DETAILS Clergy**
Rev Richard Bodle Derek Holbird
## **Churchwardens**
Jenny Brown Jung Daruvala
## **Bankers**
Lloyds Bank plc 12 High Street Haslemere Surrey GU27 2JG
NatWest Bank plc 39 The Borough Farnham Surrey GU9 7NP
CBF Church of England Funds CCLA Investment Management Ltd Senator House 85 Queen Victoria Street London EC4V 4ET
**Church administrator** Rebecca Willows
## **Electoral Roll Officer**
Julia Longhurst
## **Treasurer**
Radek Uzel
## **Director of Music**
Jo Alegria
Approved by order of the board of trustees on 9 May 2021 and signed on its behalf by:
................................................................. Richard Bodle - Trustee
Page 4
## **Independent Examiner's Report to the Trustees of Parochial Church Council of St Alban's, Hindhead**
## **Independent examiner's report to the trustees of Parochial Church Council of St Alban's, Hindhead**
I report to the charity trustees on my examination of the accounts of Parochial Church Council of St Alban's, Hindhead (the Trust) for the year ended 31 December 2020.
This report is made to the Trustees, as a body, in accordance with the terms of the engagement. My work has been undertaken so that I might carry out an Independent Examination of the financial statements in accordance with the General Directions given by the Charity Commissioners. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity’s Trustees as a body for my work or for this report.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all 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 Trust 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 requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
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.
James Holland-Leader, FCA ICAEW Knox Cropper LLP Chartered Accountants Office Suite 1 Haslemere House Lower Street Haslemere Surrey GU27 2PE
Date: 10 May 2021
Page 5
**PAROCHIAL CHURCH COUNCIL OF ST ALBAN'S, HINDHEAD**
## **Statement of Financial Activities for the Year Ended 31 December 2020**
|Unrestricted
funds
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
3
**93,577**
**Charitable activities**
6
Church Activities
**2,200**
Other trading activities
4
**5,630**
Investment income
5
**11,864**
Other income
**160**
**Total**
**113,431**
**EXPENDITURE ON**
Raising funds
7
**10,894**
**Charitable activities**
8
Church Activities
**115,472**
**Total**
**126,366**
**NET INCOME/(EXPENDITURE)**
**(12,935)**
**Transfers between funds**
19
**(1,775) **
**Net movement in funds**
**(14,710)**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**149,869**
**TOTAL FUNDS CARRIED FORWARD**
**135,159**|
Restricted
funds
£
**20,044**
**-**
**112**
**-**
**-**
**20,156**
**-**
**54,216**
**54,216**
**(34,060)**
**1,775**
**(32,285)**
**1,031,981**
**999,696**|**2020**
**Total**
**funds**
**£**
**113,621**
**2,200**
**5,742**
**11,864**
**160**
**133,587**
**10,894**
**169,688**
**180,582**
**(46,995)**
**-**
**(46,995)**
**1,181,850**
**1,134,855**|2019
Total
funds
£
273,853
2,752
14,623
11,775
-
303,003
19,842
155,768
175,610
127,393
-
127,393
1,054,457
1,181,850|
|---|---|---|---|
The notes form part of these financial statements
Page 6
**PAROCHIAL CHURCH COUNCIL OF ST ALBAN'S, HINDHEAD**
## **Balance Sheet 31 December 2020**
|Notes
**FIXED ASSETS**
Tangible assets
14
Investment property
15
**CURRENT ASSETS**
Debtors
16
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
17
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
19
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|**2020**
**£**
**505,554**
**400,000**
**905,554**
**19,098**
**216,594 **
**235,692**
**(6,391)**
**229,301 **
**1,134,855**
**1,134,855**
**135,159**
**999,696**
**1,134,855**|2019
£
517,581
400,000
917,581
39,175
232,260
271,435
(7,166)
264,269
1,181,850
1,181,850
149,869
1,031,981
1,181,850|
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 9 May 2021 and were signed on its behalf by:
............................................. Richard Bodle - Trustee
............................................. Radek Uzel - Trustee
The notes form part of these financial statements
Page 7
**PAROCHIAL CHURCH COUNCIL OF ST ALBAN'S, HINDHEAD**
## **Notes to the Financial Statements for the Year Ended 31 December 2020**
## **1. STATUS OF THE PCC**
The Parochial Church Council of St Alban's, Hindhead is a registered charity, no. 1134255.
A description of the nature of the PCC's activities is disclosed in the Report of the Trustees. The PCC's principal address is stated on page 2.
The presentation currency of the financial statements is the Pound Sterling (£).
## **2. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
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, together with the Financial Reporting Standard Applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Statement of Recommended Practice: Accounting and Reporting by Charities (SORP (FRS 102)).
The accounts have been prepared to give a 'true and fair view' and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair view'. This departure involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) Second Edition issued in October 2019 rather than the Accounting and Reporting by Charities Statement of Recommended Practice effective from 1st April 2005 which has since been withdrawn.
The PCC is a public benefit entity within the meaning of FRS 102.
The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern.
## **Critical accounting judgements and key sources of estimation uncertainty**
Fair value of tangible fixed assets and investment properties
These assets are measured at fair value at each reporting date with changes in fair value recognised in the Statement of Financial Activities. The Trustees assess the fair value based on recent market values. In determining the fair value on this basis, the valuation remains sensitive to fluctuations in the property market.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Donations, Legacies and Collections
Collections are recognised when banked by or on behalf of the PCC. Planned giving receivable under Gift Aid is recognised only when received. Income tax recoverable on covenants or Gift Aid donations is recognised in the accounts when the gift is received. Grants and legacies are accounted for when the PCC is notified of its legal entitlement and the amount due is probable.
## Other ordinary income from church activities
Parochial fees due to the PCC for weddings, etc. are accounted for on an event by event basis. Rental income is recognised only when received.
## Income from investments
Dividend and interest income are accounted for when received as is any income tax recoverable on such income.
Page 8
continued...
**PAROCHIAL CHURCH COUNCIL OF ST ALBAN'S, HINDHEAD**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2020**
## **2. ACCOUNTING POLICIES - continued**
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
The Diocese Parish Share is accounted for when paid. Any contributions unpaid at the balance sheet date is provided for in the financial statements as an operational (though not a legal) liability and is shown within creditors.
Grants and donations are accounted for when paid over, or when awarded where the award creates a binding obligation on the PCC. Where grants are offered subject to conditions which have not been met at the year end date these are noted as a commitment but not accrued as expenditure.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost Church equipment - 33% on cost
- Consecrated land and buildings and moveable church furnishings
Consecrated and beneficed property is excluded from the financial statements by section 10(2) to (4) of the Charities Act 2011.
No value is placed on moveable church furnishings held by the churchwardens on special trust for the PCC and which require a faculty for disposal, as the PCC considers this to be an inalienable property. All expenditure incurred during the year on consecrated land and beneficed buildings, whether maintenance or improvement, is charged to the accounts during the year, as is expenditure on moveable church furnishings.
## **Investment property**
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Page 9
continued...
**PAROCHIAL CHURCH COUNCIL OF ST ALBAN'S, HINDHEAD**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2020**
## **2. ACCOUNTING POLICIES - continued**
## **Current assets and liabilities**
Debtors and creditors are recognised where, at the balance sheet date, an entitlement to receive or transfer economic benefit exists and settlement is probable and can be measured reliably. Amounts are measured at the expected settlement amount, discounted for the time value of money if material.
Cash at bank and in hand includes cash held on deposit either with the CBF Church of England Funds, or at the bank.
## **3. DONATIONS AND LEGACIES**
|**3.**
**DONATIONS AND LEGACIES**|||
|---|---|---|
|Planned giving
Collections
Gift aid
Legacies
Charitable donations
Grants
War Graves
**4.**
**OTHER TRADING ACTIVITIES**
Toddler Group
Church hall hire
Church room hire
**5.**
**INVESTMENT INCOME**
Cottage rent
CCLA and bank interest|**2020**
**£**
**70,730**
**959**
**16,289**
**22,556**
**3,051**
**-**
**36**
**113,621**
**2020**
**£**
**112**
**5,280**
**350**
**5,742**
**2020**
**£**
**11,700**
**164 **
**11,864 **|2019
£
70,443
2,983
22,894
127,414
33,833
16,250
36
273,853
2019
£
337
11,936
2,350
14,623
2019
£
11,400
375
11,775|
||||
Page 10
continued...
**PAROCHIAL CHURCH COUNCIL OF ST ALBAN'S, HINDHEAD**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2020**
|**6.**
**INCOME FROM CHARITABLE ACTIVITIES**
**Activity**
Fees
Church Activities
**7.**
**RAISING FUNDS**
**Raising donations and legacies**
Link Project fundraising
Church Hall expenses
Letting costs
**8.**
**CHARITABLE ACTIVITIES COSTS**
Direct
Costs (see
note 9)
£
Church Activities
**82,181 **
**9.**
**DIRECT COSTS OF CHARITABLE ACTIVITIES**
Diocesan Parish Share
Music (including Organist)
Clergy
Vicarage
Cost of Services
Adult Training
Junior Church
Toddler Group
Outreach|Grant
funding of
activities
(see note
10)
£
**4,430**|**2020**
**£**
**2,200**
**2020**
**£**
**-**
**7,952**
**2,942**
**10,894 **
Support
costs (see
note 11)
£
**83,077**
**2020**
**£**
**70,717**
**1,755**
**2,040**
**2,465**
**1,724**
**211**
**14**
**27**
**3,228**
**82,181 **|2019
£
2,752
2019
£
541
12,286
7,015
19,842
Totals
£
**169,688**
2019
£
67,296
2,383
3,234
861
1,772
283
93
143
533
76,598|
|---|---|---|---|
|||||
Page 11
continued...
**PAROCHIAL CHURCH COUNCIL OF ST ALBAN'S, HINDHEAD**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2020**
## **10. GRANTS PAYABLE**
|Church Activities
The total grants paid to institutions during the year was as follows:
Bible Society
Christian Aid
Samaritan's Purse
The Children's Society|**2020**
**£**
**4,430**
**2020**
**£**
**1,859**
**857**
**857**
**857 **
**4,430**|2019
£
7,364
2019
£
4,847
839
839
839
7,364|
|---|---|---|
## **11. SUPPORT COSTS**
|Administrative
Expenditure
and
related
governance
to Church
costs
£
£
Church Activities
**69,670**
**13,407 **
Support costs, included in the above, are as follows:
**Expenditure related to church**
**2020**
Church
Activities
**£**
Minor repairs and maintenance
**2,469**
Insurance
**4,477**
Utilities
**5,357**
Cleaning
**2,064**
Churchyard expenses
**1,150**
Fabric
**835**
Stone work
**42,900**
Depreciation of tangible fixed assets
**10,418**
**69,670**|Totals
£
**83,077**
2019
Total
activities
£
**2,311**
**4,182**
**8,090**
**2,496**
**2,105**
**31,603**
**-**
**10,383**
**61,170**|
|---|---|
Page 12
continued...
**PAROCHIAL CHURCH COUNCIL OF ST ALBAN'S, HINDHEAD**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2020**
## **11. SUPPORT COSTS - continued Administrative and governance costs**
|Printing, postage & stationery
Administrator
Other
Independent Examination
Depreciation of tangible fixed assets|**2020**
Church
Activities
**£**
**1,423**
**6,318**
**482**
**1,800**
**3,384 **
**13,407 **|2019
Total
activities
£
**1,975**
**5,326**
**313**
**1,752**
**1,270**
**10,636**|
|---|---|---|
## **12. TRUSTEES' REMUNERATION AND BENEFITS**
No trustee received any remuneration for their role as a trustee. There is one trustee receiving remuneration in 2020. Since becoming a trustee, R Willows has received £2,041 in remuneration for the provision of administrative services to the PCC.
## **Trustees' expenses**
Two members of the PCC received reimbursement of travel expenses amounting to £605 (2019: two, £1,254)
## **13. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**Charitable activities**
Church Activities
Other trading activities
Investment income
**Total**
**EXPENDITURE ON**
Raising funds
**Charitable activities**
Church Activities
**Total**
**NET INCOME**|Unrestricted
funds
£
182,209
2,752
14,286
11,775
211,022
19,039
109,723
128,762
82,260|Restricted
funds
£
91,644
-
337
-
91,981
803
46,045
46,848
45,133|
Total
funds
£
273,853
2,752
14,623
11,775
303,003
19,842
155,768
175,610
127,393|
|---|---|---|---|
Page 13
continued...
**PAROCHIAL CHURCH COUNCIL OF ST ALBAN'S, HINDHEAD**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2020**
|**13.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL**
**Transfers between funds**
**Net movement in funds**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**
**14.**
**TANGIBLE FIXED ASSETS**
**COST**
At 1 January 2020
Additions
At 31 December 2020
**DEPRECIATION**
At 1 January 2020
Charge for year
At 31 December 2020
**NET BOOK VALUE**
At 31 December 2020
At 31 December 2019|**13.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL**
**Transfers between funds**
**Net movement in funds**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**
**14.**
**TANGIBLE FIXED ASSETS**
**COST**
At 1 January 2020
Additions
At 31 December 2020
**DEPRECIATION**
At 1 January 2020
Charge for year
At 31 December 2020
**NET BOOK VALUE**
At 31 December 2020
At 31 December 2019|**ACTIVITIES -**
Unrestricted
funds
£
(30,000)
52,260
97,609
149,869
Freehold
property
£
**519,143**
**1,775**
**520,918**
**10,383**
**10,418**
**20,801 **
**500,117**
508,760|**continued**
Restricted
funds
£
30,000
75,133
956,848
1,031,981
Church
equipment
£
**10,154**
**-**
**10,154 **
**1,333**
**3,384 **
**4,717**
**5,437 **
8,821||Total
funds
£
-
127,393
1,054,457
1,181,850
Totals
£
**529,297**
**1,775**
**531,072**
**11,716**
**13,802 **
**25,518**
**505,554 **
517,581|
|---|---|---|---|---|---|
|||||||
|||||||
|||||||
The value of the church hall is based on an insurance valuation undertaken in 2014 plus the cost of constructing the link between the church and church hall.
Page 14
continued...
**PAROCHIAL CHURCH COUNCIL OF ST ALBAN'S, HINDHEAD**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2020**
## **15. INVESTMENT PROPERTY**
|**FAIR VALUE**
At 1 January 2020
and 31 December 2020
**NET BOOK VALUE**
At 31 December 2020
At 31 December 2019|**£**
**400,000**|
|---|---|
||**400,000**|
||400,000|
The church cottage was valued at 31st December 2016 by the Trustees following advice from a local estate agent.
## **16. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Other debtors
Prepayments and accrued income
**17.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other creditors
**18.**
**ANALYSIS OF NET ASSETS BETWEEN FUNDS**|**2020**
**£**
**2,492**
**16,606**
**19,098**
**2020**
**£**
**6,391 **|2019
£
16,281
22,894|2019
£
16,281
22,894|
|---|---|---|---|
|||39,175||
||||2019
£
7,166|
|||||
|Fixed assets
Investments
Current assets
Current liabilities|Unrestricted
funds
£
**5,437**
**-**
**136,113**
**(6,391)**
**135,159**|Restricted
funds
£
**500,117**
**400,000**
**99,579**
**-**
**999,696**|**2020**
Total
funds
**£**
**505,554**
**400,000**
**235,692**
**(6,391)**
**1,134,855**|2019
Total
funds
£
517,581
400,000
271,435
(7,166)
1,181,850|
|---|---|---|---|---|
Page 15
continued...
**PAROCHIAL CHURCH COUNCIL OF ST ALBAN'S, HINDHEAD**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2020**
## **19. MOVEMENT IN FUNDS**
|Net
movement
At 1.1.20
in funds
£
£
**Unrestricted funds**
General fund
**79,869**
**(12,935)**
Designated
**70,000**
**-**
**149,869**
**(12,935)**
**Restricted funds**
Holiday Club
**430**
**-**
Toddler Group
**114**
**85**
Property Fund
**908,760**
**(10,418)**
Graves Trust
**5,000**
**-**
Nicol Trust and other donations for the
building
**109,060**
**(23,727)**
Hindhead Youth
**8,617**
**-**
**1,031,981 **
**(34,060)**
**TOTAL FUNDS**
**1,181,850**
**(46,995) **
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
**113,431**
**Restricted funds**
Toddler Group
**112**
Property Fund
**-**
Graves Trust
**36**
Nicol Trust and other donations for the
building
**20,008**
**20,156**
**TOTAL FUNDS**
**133,587 **|
|Transfers
between
funds
£
**(1,775)**
**-**
**(1,775)**
**-**
**-**
**1,775**
**-**
**-**
**-**
**1,775**
**-**
Resources
expended
£
**(126,366)**
**(27)**
**(10,418)**
**(36)**
**(43,735) **
**(54,216)**
**(180,582)**|
At
31.12.20
£
**65,159**
**70,000**
**135,159**
**430**
**199**
**900,117**
**5,000**
**85,333**
**8,617**
**999,696**
**1,134,855**
Movement
in funds
£
**(12,935)**
**85**
**(10,418)**
**-**
**(23,727)**
**(34,060)**
**(46,995) **|
|---|---|---|---|
|||||
|||||
|||||
||
|||
Page 16
continued...
**PAROCHIAL CHURCH COUNCIL OF ST ALBAN'S, HINDHEAD**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2020**
## **19. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|**Unrestricted funds**
General fund
Designated
**Restricted funds**
Holiday Club
Toddler Group
Property Fund
Graves Trust
Nicol Trust and other donations for the
building
Hindhead Youth
The Link Building
**TOTAL FUNDS**|At 1.1.19
£
87,609
10,000
97,609
430
183
830,000
5,000
112,457
8,337
441
956,848
1,054,457|Net
movement
in funds
£
82,260
-
82,260
-
(69)
(10,383)
-
1,294
280
54,011
45,133
127,393|Transfers
between
funds
£
(90,000)
60,000
(30,000)
-
-
89,143
-
(4,691)
-
(54,452)
30,000
-|
At
31.12.19
£
79,869
70,000
149,869
430
114
908,760
5,000
109,060
8,617
-
1,031,981
1,181,850|
|---|---|---|---|---|
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Toddler Group
Property Fund
Graves Trust
Nicol Trust and other donations for the
building
Hindhead Youth
The Link Building
**TOTAL FUNDS**|Incoming
resources
£
211,022
336
-
36
36,414
280
54,915
91,981
303,003|Resources
Movement
expended
in funds
£
£
(128,762)
82,260
(405)
(69)
(10,383)
(10,383)
(36)
-
(35,120)
1,294
-
280
(904)
54,011
(46,848)
45,133
(175,610)
127,393|
|---|---|---|
Holiday Club - This is a community holiday club for one week in the summer and children pay a fee to attend. In 2020, the club took place online.
Toddler Group - This group of under 5s with their carers meet on Wednesdays for activities in the Church Hall. Donations are given towards costs.
Page 17
continued...
**PAROCHIAL CHURCH COUNCIL OF ST ALBAN'S, HINDHEAD**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2020**
## **19. MOVEMENT IN FUNDS - continued**
Property Fund - This fund represents the book value of the Church Cottage and Church Hall.
Graves Trust - £5,000 is held for the upkeep of the graves of Mr Nicol and his sister. A small amount is received each year from the Commonwealth War Graves and is spent appropriately.
Nicol Trust - This fund is to provide for the general upkeep, maintenance, and improvements to the Church and Graveyard, and other Charitable in law causes as they relate to the Church.
Hindhead Youth Account - This fund was set up with the specific aim of funding a youth and children's worker and related costs.
The Link Building – This fund was set up to receive donations, grants and fundraising income for the construction of the link between the church and church hall. Construction was completed in 2019 and the building was transferred to the property fund.
Designated Fund - The PCC have designated this fund for future major projects.
## **20. RELATED PARTY DISCLOSURES**
Members of the Parochial Church Council gave £10,295 (2019: £8,693) to the charity during the year.
The charity receives administration services from Rebecca Willows who is the spouse of a member of the council and, since October 2020, a member of the Council herself. During the year £6,864 (2019: £5,287) was paid to Rebecca Willows, of which £546 was a prior year creditor and a further £0 (2019: £546) payable is included in creditors. The disclosure note in 12 refers exclusively to the period since Rebecca Willows became a member of the PCC.
The church cottage is let to a member of the PCC, Jenny Brown. The letting was arranged through a property management firm at a market rate. The rent payable for the year amounted to £11,700 (2019 £11,400) of which £950 was waived by the PCC.
Page 18
**PAROCHIAL CHURCH COUNCIL OF ST ALBAN'S, HINDHEAD**
## **Detailed Statement of Financial Activities for the Year Ended 31 December 2020**
|Unrestricted
Restricted
funds
funds
£
£
**INCOME AND ENDOWMENTS**
**Donations and legacies**
Planned giving
**70,730**
**-**
Collections
**959**
**-**
Gift aid
**16,289**
**-**
Legacies
**2,548**
**20,008**
Charitable donations
**3,051**
**-**
Grants
**-**
**-**
War Graves
**-**
**36**
**93,577**
**20,044**
**Other trading activities**
Toddler Group
**-**
**112**
Church hall hire
**5,280**
**-**
Church room hire
**350**
**-**
**5,630**
**112**
**Investment income**
Cottage rent
**11,700**
**-**
CCLA and bank interest
**164 **
**-**
**11,864**
**-**
**Charitable activities**
Fees
**2,200**
**-**
**Other income**
Other income
**160**
**-**
**Total incoming resources**
**113,431**
**20,156**
**EXPENDITURE**
**Raising donations and legacies**
Link Project fundraising
**-**
**-**
Church Hall expenses
**7,952**
**-**
Letting costs
**2,942**
**-**
**10,894**
**-**|2020
Total
funds
£
**70,730**
**959**
**16,289**
**22,556**
**3,051**
**-**
**36**
**113,621**
**112**
**5,280**
**350**
**5,742**
**11,700**
**164 **
**11,864**
**2,200**
**160**
**133,587**
**-**
**7,952**
**2,942**
**10,894**|2019
Total
funds
£
70,443
2,983
22,894
127,414
33,833
16,250
36
273,853
337
11,936
2,350
14,623
11,400
375
11,775
2,752
-
303,003
541
12,286
7,015
19,842|
|---|---|---|
This page does not form part of the statutory financial statements
Page 19
**PAROCHIAL CHURCH COUNCIL OF ST ALBAN'S, HINDHEAD**
## **Detailed Statement of Financial Activities for the Year Ended 31 December 2020**
|Unrestricted
Restricted
funds
funds
£
£
**Raising donations and legacies**
**Charitable activities**
Diocesan Parish Share
**70,717**
**-**
Music (including Organist)
**1,755**
**-**
Clergy
**2,040**
**-**
Vicarage
**2,465**
**-**
Cost of Services
**1,724**
**-**
Adult Training
**211**
**-**
Junior Church
**14**
**-**
Toddler Group
**-**
**27**
Outreach
**3,228**
**-**
Grants to institutions
**4,430**
**-**
**86,584**
**27**
**Support costs**
**Expenditure related to Church**
Minor repairs and maintenance
**2,469**
**-**
Insurance
**4,477**
**-**
Utilities
**5,357**
**-**
Cleaning
**2,064**
**-**
Churchyard expenses
**1,114**
**36**
Fabric
**-**
**835**
Stone work
**-**
**42,900**
Depreciation of f/hld property
**-**
**10,418**
**15,481**
**54,189**
**Administrative and governance costs**
Printing, postage & stationery
**1,423**
**-**
Administrator
**6,318**
**-**
Other
**482**
**-**
Independent Examination
**1,800**
**-**
Depreciation of equipment
**3,384 **
**-**
**13,407 **
**-**
Total resources expended
**126,366**
**54,216**
**Net income**
**(12,935) **
**(34,060) **|2020
Total
funds
£
**70,717**
**1,755**
**2,040**
**2,465**
**1,724**
**211**
**14**
**27**
**3,228**
**4,430**
**86,611**
**2,469**
**4,477**
**5,357**
**2,064**
**1,150**
**835**
**42,900**
**10,418**
**69,670**
**1,423**
**6,318**
**482**
**1,800**
**3,384 **
**13,407 **
**180,582 **
**(46,995) **|2019
Total
funds
£
67,296
2,383
3,234
861
1,772
283
93
143
533
7,364
83,962
2,311
4,182
8,090
2,496
2,105
31,603
-
10,383
61,170
1,975
5,326
313
1,752
1,270
10,636
175,610
127,393|
|---|---|---|
This page does not form part of the statutory financial statements
Page 20