## **PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST ANDREW, COULSDON TRUSTEES REPORT AND FINANCIAL STATEMENTS 2020** ## **TRUSTEES REPORT 2020** Our Vision Statement – _‘A joyful, daring, diverse and generous Christian community, setting the world alight with the love of God.’_ **Aim and Purposes** . St. Andrew’s Parochial Church Council (PCC) has the responsibility of cooperating with the incumbent, the Reverend Esther Foss, in promoting in the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. The PCC is also specifically responsible for the maintenance of the Church Hall and the property at 23 Rickman Hill. **Objectives and Activities** . The PCC is committed to enabling as many people as possible to worship at our church and to become part of our parish community at St. Andrew’s. The PCC maintains an overview of worship throughout the parish and makes suggestions on how our services can involve the many groups that live within our parish. When planning our activities for the year, we have considered the Commission’s guidance on public benefit and the supplementary guidance on charities for the advancement of religion. In particular, we try to enable ordinary people to live out their faith as part of our parish community through: • Worship and prayer: learning about the Gospel; developing knowledge of the Christian faith and deepening our relationship with God. • Provision of pastoral care for people living in the parish and those outside the parish but who worship at St Andrew’s. • Missionary and outreach work to people of all ages. To facilitate this work, it is important that we maintain the fabric of the Church of St. Andrew and the Church Hall. **Structure, governance and management** . The method of appointment of PCC members is set out in the Church Representation Rules. At St. Andrew’s the membership of the PCC consists of the incumbent, churchwardens, diocesan readers, deanery synod representatives and members elected by those members of the congregation who are on the electoral roll of the church. All those who attend our services / members of the congregation are encouraged to register on the Electoral Roll and stand for election to the PCC. Catherine Atkinson was elected to the role of Electoral Roll Officer by the PCC. The PCC members are responsible for making decisions on all matters of general concern and importance to the parish including deciding on how the funds of the PCC are to be spent. New members receive initial training into the workings of the PCC. The full PCC met five times during 2020 and three times for extraordinary meetings. PCC of St Andrew, Coulsdon - Trustees Report and Financial Accounts 2020 Page 1 The Standing Committee is required by law and has the authority to transact PCC business between meetings, subject to any directions given by the PCC. It met once in 2020. Given its wide responsibilities the PCC has two subcommittees: the Finance Committee and the Leadership Committee. These subcommittees are responsible to the PCC and report back to it with minutes of their decisions being received by the full PCC and discussed as necessary. The Finance Committee met twice in 2020. The Leadership Committee met once in 2020. **Risk management.** The Parochial Church Council has a duty to identify and review risks to which the charity is exposed and ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The Parochial Church Council has assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity also child and vulnerable persons safeguarding, and are satisfied that systems are in place to mitigate exposure to major risks. **Administration.** St. Andrew’s Church is situated on Woodmansterne Road, Coulsdon. It is part of the Diocese of Southwark within the Church of England. The correspondence address is: The Parish Office, St Andrew’s Church, Woodmansterne Road, Coulsdon, Surrey CR5 2DD. The Parochial Church Council (PCC) is an unincorporated charity body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measures. The Charity registration number for St Andrew’s is 1134597. PCC members who have served at any time from 1st January 2020 until the date this report was approved are: **Ex Officio members** Vicar and Chairperson: Revd. Esther Foss Readers: Susan Goddard, Gerry Daley Churchwardens: Rosemary Anderson Audra Proctor Sheila Linney Deanery Synod: Barbara Rogers Gerry Daley Jenny Atkinson PCC Secretary: Vacancy PCC minutes: Kim Essex Elected members serving throughout 2020 were: Catherine Atkinson Sue Bosley Karen Bowey Sara Jane Davidson Ray Denvil PCC of St Andrew, Coulsdon - Trustees Report and Financial Accounts 2020 Page 2 Gail Haynes John Linney (Treasurer) Cynthia Stanley Danielle Stobart Bob Witham Members stepping down in 2020 were: Rosemary Anderson (Church warden) Sue Bosley Karen Bowey Ray Denvil Barbara Rogers (Deanery Synod rep) Bob Witham Members appointed during 2020 were: Karen Mees Standing Committee members who have served at any time from 1[st] January 2020 are: Revd. Esther Foss Audra Proctor Rosemary Anderson (until July 2020) Sheila Linney (from September 2020) Gerry Daley Susan Goddard Jenny Atkinson John Linney Finance Committee members who have served at any time from 1[st] January 2020 are: Revd. Esther Foss Audra Proctor Rosemary Anderson (until July 2020) Sheila Linney (from September 2020) John Linney Edward Denley (until May 2020) Gerry Daley Cynthia Stanley Jan Goddard Leadership Committee Members who have served at any time from 1st Jan 2020 are: Revd. Esther Foss Audra Proctor Rosemary Anderson (until July 2020) Sheila Linney (from September 2020) Gerry Daley Susan Goddard Jenny Atkinson Sue Bosley (until June 2020) ___________________________________________________________ PCC of St Andrew, Coulsdon - Trustees Report and Financial Accounts 2020 Page 3 ## **Financial Report 2020** The financial responsibility of the PCC is to ensure that funds are available to resource outreach, finance the ministry of St Andrew’s and maintain its buildings for future generations. The Council’s policy is to build up and maintain sufficient funds to cover contingencies and meet these ends, this is now highlighted in our Finance Policy updated and approved by PCC on 20 April 2020. A draft Financial Forward View was also produced but unfortunately the COVID-19 pandemic has made the figures unrealistic. During the year, the PCC incurred two elements of unbudgeted unexpected major expenditure: £3,749 for plumbing works in the vestry and £8,962 for replacement hall boiler; there is also a disputed claim for a further £6,013 on the latter. Planned signage works, delayed from 2019, were also carried out at a cost of £3,554. The new Remembrance Garden is likely to be completed in 2021, though at a significantly greater cost than originally budgeted for. The Narthex was constructed many years ago with a wooden frame which has deteriorated over recent years such that replacement has now been agreed by PCC, following expert submissions to it and the congregation; a conservative estimate of cost is currently c.£75K. The PCC agreed that work towards replacement of the West Window in the Narthex should be a priority in 2021 and that a small group of people with requisite skills be appointed; this group has already started work. COVID-19 resulted in significant income loss as noted below, including £2K in loose plate collections; a total of £12K in reductions being entirely attributable to COVID-19. In view of this the PCC decided for 2020 to reduce the level of charitable payments, thus Mission grants dropped from £3.2K in 2019 to £2.7K in 2020. In addition, similar calculations were used to reduce our planned Parish Support Fund contribution to £50,112 in 2021, although we did honour our 2020 commitment of £57,600. Funding of the PCC activities is met principally by: - (a) Regular giving under the Stewardship scheme together with Income Tax recovered on gift aid. - (b) Income from the investments – levels maintained in 2020. - (c) Hall income – reduced by £6K in 2020 compared with 2019. - (d) Rent from Rickman Hill - levels maintained in 2020. - (e) Fund raising activities – reduced by £4K in 2020 compared with 2019; we were however able to raise over £1K from our sponsored Amalfi walk. We are aware of the Charity Governance Code and are considering how relevant matters can be applied to and implemented by the Charity. PCC of St Andrew, Coulsdon - Trustees Report and Financial Accounts 2020 Page 4 ## **Financial Summary 2020 - Summary highlights** Total receipts on unrestricted funds were £96,384 [2019: £119,539] of which £49,960 [2019: £51,196] was unrestricted planned voluntary donations, with a further £11,637 [2019 restated: £14,503] from Gift Aid. Restricted grants and donations of £500 [2019: £5,000] were also received. The freehold house at Rickman Hill brought in a gross income of £16,800 in 2020 [2019: £16,800]. A total of £120,684 [2019: £111,867] was spent from unrestricted funds to provide the Christian ministry from St. Andrew’s Church. This includes our contribution to the diocesan parish share of £57,600 [2019: £57,436], which largely provides the stipends and housing for the clergy. The combined Funds were decreased by £7,725 [2019: increased £50,350]. Summary of the movements of PCC funds are tabulated below: |||**2020**||**2019**| |---|---|---|---|---| |||£||£| |General Fund||3,588|40,810|| |Hall Fund|(14,938)||3,290|| |Rickman Hill Fund|3,000||0|| |West Window Fund|625||6,250|| |**Total Movement**|**(7,725)**||**50,350**|| Total PCC funds excluding properties were £248,085 in surplus at 31[st] December 2020 [2019: £259,435]. The financial statements have been prepared on the going concern basis as in the opinion of the Trustees there are no material uncertainties about the charity’s ability to continue. ## **Reserves Policy** The reserves have reduced by £7,725 in 2020 despite an increase in value of £15,949 in our investments. PCC policy is to rebuild these as soon as practicable. Excluding freehold property of £600,000 our Reserves were £257,959 at 31 December 2020 [2019: £ 265,685]. PCC policy is to invest in ethical investments. This now comprises the CBF investment fund where all our investments are now placed. Other funds are held at banks. PCC of St Andrew, Coulsdon - Trustees Report and Financial Accounts 2020 Page 5 ## **2020 & The future** The continuing commitment, generosity and voluntary efforts of the church community assures that the financial future of St Andrew’s remains optimistic, yet challenges do remain and have increased further in 2020 due to a combination of the effects of COVID 19 and significant unplanned expenditure. The fluctuations on investment gains whilst favourable for the last few years can only be ascertained when the investments are realized. The stock market downturn in late 2018 resulted in a net loss of c. £2,500 in our investment value in 2018; fortunately, a good 2019 resulted in a gain of £36,427 and, despite COVID-19, a further gain of £15,949 in 2020. This represents an overall gain of c.£50K in the three period. In addition, our budget, approved by PCC in November forecasted a loss of c.£18K in 2021; we now know the Garden of Remembrance will cost £10K more than budgeted for. This forecast was based on the financial effects of COVID 19 continuing through the first six months of 2021; time will tell whether the forecast is optimistic or not. A conservative estimate of a £100K call on our investments in 2021 is quite possible without sponsorship for the West Window; this would represent a 40% loss of investment value and £3K p.a. loss of dividend income. Although regular giving increased in 2019 following a stewardship campaign there has been continued attrition in donor numbers; realistically we need new donors to at least maintain and ideally increase current levels of regular giving. ## **Conclusion** Despite the various caveats outlined above, the Parish continues to have a healthy balance sheet to support the future. As noted in the 2019 report, since regular income still struggles to balance regular expenses, careful thought should continue to be given before committing to any significant expense. Once again, thanks to all in the Parish for your generous giving, support and financial commitment during 2020. Signed on behalf of the Trustees on 21[st] March 2021 by: John Linney Hon Treasurer PCC of St Andrew, Coulsdon - Trustees Report and Financial Accounts 2020 Page 6 Independent Examiner's Report to the Trustees of Parochlal Church Council of St Andrebrfs Church, Coulsdon Independent ex?mlner's report to the Parochial Church Council ot St Andrev/s Church. Coulsdon I report to the charity trustees, bein8 the ParochSal Church Councll. on my examinatlgn ol the accounts, Set out on pages 7 to 16, 01 the Parochlal Churth Council of St Andrev15 Church, Coulsdon (the Trust) for the year ended 31 December 2020. ResponsTrbllTrtle5 and basls of report As the charity trustees ofthe Trust you are re5pon5ibleforthe preparation of the accounts Sn ètcordènce with the requirements of the Charities Act 20111.the Aet'l. I report in respect of my examinatlon of the Trust's accounts carried out under section 145 of the Act and in carrylng out my exarninètion I have followed all applicable Dlrections given by the Charity Commission under section 14515llbl of the Act. Indèpendent examlner's statement I have completed my examination. I confirm that no material matters have come to my attention in eornnection with the examination 8ivin8 me cause to believe that in any material respect.. accovntin8 retord5 were not kept in respect of the Trust as requlred by section 130 of the Act,. or the accounts do not accord with thosè rectsrds., or the accounts do not comply with the applicable requirements concerning the form and content of account5 set out in the Charities IAccounts and Reports) Re8ulations 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 confirm that there are no other matter5 to which YOUT attention should be drawn to enable a proper understanding of the accounts to be reached. othy Slater ACA, cfA armer Slater LSmited Curzon House, 2nd Floor 24 Hi8h Street Banstead Surrey SM7 2U Date.. 21" March 2021 Page 7 **FINANCIAL STATEMENTS OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF COULSDON, ST ANDREW FOR THE YEAR ENDING 31 DECEMBER 2020** ## **St ANDREW'S CHURCH, COULSDON** ## **Statement of Financial Activities** ## **For the year ending 31 December 2020** ## **For the year from 01 January 2020 to 31 December 2020** |||**Unrestricted**|**Designated**|**Restricted**|**Endowment**|**Endowment**|**Total**|**Prior year**| |---|---|---|---|---|---|---|---|---| ||**NOTE**|**funds**|**funds**|**funds**||**funds**|**funds**|**total funds**| |**_Incoming resources_**||||||||| |Income from donors, investments and PCC activities||||||||| |Donated income||63,695|—|625|—||64,320|82,244| |Income from PCC activities||6,170|—|—|—||6,170|16,686| |Investment income||23,746|—|—|—||23,746|23,568| |Incoming resources from charitable activities||1,348|—|—|—||1,348|3,290| |Other incoming resources||1,425|—|—|—||1,425|—| |**Total income**|**2**|**96,384**|**—**|**625**|**—**||**97,009**|**125,789**| |**_Resources used_**||||||||| |Cost of generating funds||475|—|—|—||475|1,122| |Cost of generating voluntary income||168|||||168|—| |Fundraising trading cost of goods sold and other costs||460|—|—|—||460|709| |Grants||2,790|—|—|—||2,790|3,217| |Activities directly relating to the work of the Church||112,533|—||—||112,999|102,443| |Church management and administration||4,257|—|—|—||4,257|4,374| |**Total expenditure**|**3**|**120,684**|**—**|—|**—**|**121,684**||**111,867**| |**Net income / (expenditure) resources before transfer**||**[24,300]**|**—**|**625**|**—**|**[23,675]**||**13,922**| |**_Transfers_**||||||||| |Gross transfers between funds - in||—|3,000|—|—||3,000|—| |Gross transfers between funds - out||[3,000]|—|—|—||[3,000]|—| |**_Other recognised gains / losses_**||||||||| |Gains / losses on investment assets||15,949|—|—|—||15,949|36,427| |Gains on revaluation, fixed assets, charity's own use||—|—|—|—||—|—| |**Net movement in funds**||**[11,816]**|**3,000**|**625**|**—**||**[7,725]**|**50,350**| |**_Reconciliation of funds_**||||||||| |**Total funds brought forward**||**859,435**|**—**|**6,249**|**—**|**865,685**||**815,334**| |**Total funds carried forward**||**848,085**|**3,000**|**6,874**|**—**|**857,959**||**865,685**| **PCC of St Andrew, Coulsdon - Trustees Report and Financial Accounts 2020** **Page 8** SL Andrew'$ Church, C4xd5don Balance she•t (Summaryl A5 at: 31 December 2020 As at 31M212020 As at 3111212019 Fixed assels Tangible assets In￿$tr￿ents 600,000 230.977 246.92fj Current assèts Debtys Cash at bank and in hand 1.400 35,426 16,647 Liabilitie5 Creditors.. Amounts falling due in one year Net cur￿￿( assets less Current liabilitÈOS 7.014 11 32 2.118 Total assets les5 current lTrabiliti8S 857 959 Totsl a￿ts l•ss Ilablllii88 R•pr#$ettt•d by Unrestricted Unr85tricted- General fvnd Unrestri¢Xed- Church Hall Fund 243.626 [6,8811 240,037 8.057 Unrestrieled- Missionary Fund IPCC'S contn"butson to KTissw)n} UTrrestricted- Building Fu￿1 Ito cover may)T works) Unrestii¢ted- Propety Reval Resewve- RKkman Hill & Ch 0￿19natsd De5ignatad- F￿Ckrnan Hill FuTrJ Restricted Restricted- M8ssy Church Restricted- West Window ￿plaCemE￿ Reslticted- Organ Fund (repair & of (xgan) Reslricted- Youth Grwp Fund 11,340 11,340 6￿.[￿10 6.875 8,250 Endowmènt End014Thent- Chutth Hèll ImprDvernent Furwj Endown8nt- PToperty Rev31uation Rese￿e- Churth Hall Approved ty the Paroch￿41 Church CouwKJl on .. 2021 aThl sgned rffi its behalfby.. Rev. E Foss. Chairn￿n ## **NOTES TO THE FINANCIAL STATEMENTS For the year ending 31 December 2020** ## **Incoming Resources** ## **Note 1 - Accounting policies** ## **Basis of preparing the financial statements** The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP [FRS 102] Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland [FRS 102] [effective 1 January 2016], Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain assets. The financial statements include all transactions, assets and liabilities for which the trustees can be held responsible in law. These do not include the financial statements of the church groups that owe affiliation to another body nor those that are informal gatherings of church members. ## **Funds** General funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes by the PCC. Funds designated for a purpose by the PCC are also unrestricted. Restricted funds are those funds that must be spent on restricted purposes and details of the funds held and restrictions are provided in Note 11. Endowment funds, where the capital must be retained, are explained in Note 11. **Voluntary income and capital resources** Collections are recognised when received by or on behalf of the PCC. Planned giving receivable under Gift Aid is recognised only when received. Tax recoverable on Gift Aid donations is recognised when the donation to which they relate is received. Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement, the amount due is quantifiable and its receipt by the PCC is reasonably certain. Funds raised by the Summer Fair, Christmas Market and similar events are accounted for gross. Sales of books and magazines from the Church bookstall are accounted for gross. ## **Other income** Rental income from the letting of church premises is recognised when the rental is due. ## **Income from investments** Dividends are accounted for when due and payable, and interest entitlements are accounted for as they accrue. Tax recoverable on such income is recognised in the same accounting year. ## **Gains and losses on investments** Realised gains are recognised when investments are sold. Unrealised gains or losses are accounted for on revaluation of investments at 31 December 2020. PCC of St Andrew, Coulsdon – Trustees Report and Financial Accounts 2020 Page 10 ## **Financial Instruments** The Church only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. ## **Currency** The Church’s functional and presentational currency is pounds Sterling [GBP]. ## **Resources used** ## **Grants** Grants and donations are accounted for when paid over, or when awarded, if that creates a binding obligation on the PCC. ## **Activities directly relating to the work of the Church** For inalienable property acquired prior to 2001 there is insufficient cost information and therefore such assets are not valued in the financial statements. Items acquired since January 2001 have been capitalised and depreciated in the financial statements over their currently anticipated useful economic life on a straight-line basis. ## **Property for Church use** The Hall and curate’s house [so long as required for a curate by the PCC] is valued at original valuation when first brought into the accounts. All expenditure incurred during the year on consecrated or beneficed buildings, individual items under £1,000 or on the repair of movable church furnishings acquired before 1 January 2001 is written off. ## **Other fixtures, fittings and office equipment** The diocesan parish share is accounted for when due. Any parish share unpaid at 31 December 2020 is provided for in these financial statements as an operational [though not a legal] liability and is shown as a creditor in the Balance sheet. ## **Fixed Assets** ## **Consecrated property and movable church furnishings** Consecrated and beneficed property of any kind is excluded from the accounts by the Charities Act 2011. Movable church furnishings held by the vicar and Churchwardens on special trust for the PCC, and which require a faculty for disposal, are accounted for as inalienable property unless consecrated. They are listed in the church’s inventory, which can be inspected [at any reasonable time]. Equipment used within church premises is depreciated on a straight-line basis over 3 or 5 years. Individual items of equipment with a purchase price of £1,000 or less may be written off when the asset is acquired. ## **Investments** Investments are valued at market value as at 31 December 2020. ## **Current assets** Amounts owing to the PCC at 31 December 2020 in respect of fees, rents or other income are shown as debtors less provision for amounts that may prove uncollectable. Short-term deposits include cash held on deposit either with the Central Board of Finance Church of England Funds or at the bank. PCC of St Andrew, Coulsdon – Trustees Report **St. Andrew's Church, Coulsdon** ## **Analysis of income and expenditure Selected period: 01 January 2020 to 31 December 2020** |||||||**Total**| |---|---|---|---|---|---|---| ||**Unrestricted**|**Designated**|**Restricted**|**Endowment**|**This year**|**Last year**| |**Note 2**||||||| |**Incoming resources**||||||| |**Income from donors, investments and PCC activities**||||||| |0101 - Gift Aid - Bank|48,247|—|—|—|48,247|49,703| |0110 - Gift Aid - Envelopes|620|—|—|—|620|990| |0201 - Other planned giving (non GA)|1093|—|—|—|1093|503| |0301 - Loose plate collections|958|—|—|—|958|2,998| |0501 - One-off Gift Aid gifts|210|—|500|—|710|5,255| |0550 - Donations and appeals etc|819|—|—|—|819|1,610| |0601 - Tax recoverable on Gift Aid|11,637|—|125|—|11,762|15,753| |0701 - Legacies|0|—|—|—|0|5,400| |0901 - Sundry donations|110|—|—|—|110|30| |1240 - Church hall lettings - fund raising|4,775|—|—|—|4,775|10,689| |1250 - Use of Church|0|—|—|—|0|350| |1301 - Fund raising events|1,394|—|—|—|1,394|5,647| |1001 - Dividends|6,930|—|—|—|6,930|6,729| |1020 - Bank and building society|15|—|—|—|15|38| |interest||||||| |1030 - Rent (23 Rickman Hill)|16,800|—|—|—|16,800|16,800| |**Income from donors,**|93,611|—|625|—|94,236|122,499| |**investments and PCC activities**||||||| |**Totals**||||||| |**Incoming resources from charitable activities**||||||| |1101 - Fees - weddings/funerals (gross)|1,243|—|—|—|1,243|2,644| |1260 - Parish magazine sales|0|—|—|—|0|82| |1270 - Coffee sales|105|—|—|—|105|563| |**Incoming resources from**|1,348|—|—|—|1,348|3,290| |**charitable activities Totals**||||||| |**Other incoming resources**||||||| |1310 - Insurance claims|500|—|—|—|500|0| |1330 - Other sundry income|925|—|—|—|925|—| |**Other incoming resources Totals**|1,425|—|—|—|1,425|0| |**Agency Collections**||||||| |||||||| |**Incoming resources Grand**|96,384|—|625|—|97,009|125,789| |**totals**||||||| **PCC of St Andrew, Coulsdon - Trustees Report and Financial Accounts 2020** **Page 12** **St. Andrew's Church, Coulsdon** ## **Analysis of income and expenditure Selected period: 01 January 2020 to 31 December 2020** |||**Last year**
**Total**
**Unrestricted**
**Designated**
**Restricted**
**Endowment**
**This year**| |---|---|---| |**Note 3**||| |1720 - Stewardship campaign expenses
168
168
—
2160 - Parish training and resources
25
25
—
2201 - Mission expenses
475
—
—
—
475
1,122
1730 - Fund raising expenses
460
—
—
—
460
709
—
—
—
—
**Resources used**
**Cost of generating funds**
**Cost of generating funds Totals**
1,103
—
—
—
1,103
1,832
**Grants**
1830 - Giving to overseas missions
1,200
—
—
—
1,200
100
1,590
3,117
1850 - Giving to home missions
1,590
—
—
—
**Grants Totals**
2,790
—
—
—
2,790
3,217
123
—
—
—
**Activities directly relating to the work of the Church**
1851 - Messy Church
44
—
—
—
44
441
1910 - Diocesan quota
57,600
—
—
—
57,600
57,436
123
504
2180 - Outreach expenses
3,809
—
—
—
3,809
654
2050 - Salaries
4,395
—
—
—
4,395
4,859
2101 - Incumbents expenses
616
—
—
—
616
532
2001 - Assistant staff expenses
2320 - Choir expenses
0
—
—
—
0
203
2330 - Church maintenance
6,654
—
—
—
6,654
6,902
2340 - Upkeep of services & organ
6,797
—
—
—
6,797
7,708
2350 - Upkeep of churchyard
612
—
—
—
612
650
2400 - Expenses of weddings &
funerals
301
—
—
—
301
1,218
2360 - Sundry expenses
1,328
—
—
—
1,328
1,122
2370 - Professional Fees etc.
1,322
—
—
—
1,322
4,902
2440 - Church running heat and light
1,906
—
—
—
1,906
2,765
2410 - Church running costs
96
—
—
—
96
813
2430 - Church running - insurance
3,704
—
—
—
3,704
3,640
2520 - Hall misc running costs
0
—
—
—
0
306
2550 - Hall running - insurance
1,584
—
—
—
1,584
1,557
3,154
5,536
2590 - Hall running - heating & lighting
3,154
—
—
—
2820 - Hall + major repairs - installation
14,975
—
—
—
14,975
—
2710 - Church major repairs -
installation
3,479
—
—
—
3,479
690
**Activities directly relating to the**
**work of the Church Totals**
112,533
—
—
—
112,533
102,443
**Church management and administration**
2130 - 23 Rickman Hill expenses
2,378
—
—
—
2,378
2,519
2145 - Sundry administrative expenses
164
—
—
—
164
314
2310 - Stationery postage telephone
1,714
—
—
—
1,714
1541
**Church management and**
**administration Totals**
4,257
—
—
—
4,257
4,374
**Resources used Grand totals**
120,684
—
—
—
120,684
111,867|es|168
168
—
475
—
—
—
475
1,122
460
—
—
—
460
709
—
—
—
—| |||| |||1,103
—
—
—
1,103
1,832
1,200
—
—
—
1,200
100
1,590
3,117
1,590
—
—
—| |||| |**_There may be minor discrepancies in the totals if the pence are not being shown_**||| |||| **Page 13** **PCC of St Andrew, Coulsdon - Trustees Report and Financial Accounts 2020** ## **NOTES TO THE FINANCIAL STATEMENTS (continued)** |**4 INVESTMENTS**
Quoted Investments
Market value at 1 January 2020
Assets liquidised
Gains realised in 2019
Revaluation gains/[losses]
Market Value at 31 December 2020|**2020**
£
230,977
0
0
15,949
246,926|**2019**
£
194,549
0
0
36,428| |---|---|---| |||230,977| _These investments are held by Diocesan Trustees on behalf of the PCC; the PCC follows an 'ethical' investment policy._ ## **5 FIXED ASSETS HELD FOR THE PCC'S OWN USE** |**Freehold**
**Buildings **
**Cost or valuation**
at 1 January 2020
Additions
Disposals
at 31 December 2020
**Depreciation**
at 1 January 2020
Charge for the year
Disposals
at 31 December 2020
**Net book value**
at 1 January 2020
at 31 December 2020|**Land &**
**At Valuation**
**£**
600,000
-
-
600,000
**-**
**-**
**-**
-
600,000
**600,000**|**Equipment**
**At Cost**
**£**
4,157
-
-
4,157
4,157
-
-
4,157
0
**0**|**Total**
**£**
604,157
-
-| |---|---|---|---| ||||604,157| ||||4,157
-
-| ||||4,157| ||||600,000| ||||**600,000**| ## Freehold Land & Buildings comprise - a) St Andrew's Church hall. Valuation utilised is the re-instatement cost as recommended by the PCC's Insurance Company (£500,000). - b) 23 Rickman Hill. Estimated value in use in 1999 by the PCC (£100,000). The property was purchased for use by the Curate at St Andrew's. This is considerably undervalued. ## **6 DEBTORS** |**6 DEBTORS**
_Tax recoverable on Gift Aid_
_Others_
**7 CREDITORS:**
**AMOUNTS FALLING DUE WITHIN ONE YEAR**
Accruals
**8 STAFF COSTS**
Salaries|**2020**
**£**
-
1,400
**1,400**
**2020**
**£**
7,014
**7,014**
**2020**
**£**
4,395
**4,395**|**2019**
**£**
-
1,400
| |---|---|---| |||**1,400**| |||**2019**
**£**
2,118| |||**2,118**| |||**2019**
**£**
4,859| |||**4,859**| During the year the PCC employed 1 person [2019: 2], who did not earn £60,000 pa or more. ## **9 TRANSACTIONS WITH PCC MEMBERS** There were no disclosable transactions in respect of PCC members(Trustees), persons closely connected with them or other related parties except for D Stobart who was employed to administer the Church office at £4,395. There were no pension or other benefits. Apart from this no trustee was reimbursed any personal expenses incurred by them for services provided on behalf of the Church. No donations were received from Trustees with conditions attached(2019 nil). The total amount of donations received by the church from the Trustees during the period was £16,579 [2019 - £18,680]. **10 PROFESSIONAL FEES 2020 2019 £ £** Independent examination fee 834 810 **PCC of St Andrew, Coulsdon - Trustees Report and Financial Accounts 2020** **Page 14** ## **NOTES TO THE FINANCIAL STATEMENTS (continued)** |**11 FUND DETAILS & MOVEMENTS**
a)
**Unrestricted funds**
i)
_General Reserve_
Balance 1/1/20
Add incoming resources
Deduct outgoing resources
Gains/Losses on investments
Transfer to Hall Fund
Transfer to Rickman Hill Fund
Transfer from Organ Fund
Transfer to Messy Church Fund
**Balance at 31/12/20**
ii)
_Church Hall Fund (to cover repairs/renewals for the Church Hall)_
Balance 1/1/20
Net transfer (to)/from General Reserve
**Balance at 31/12/20**
iii) _Building Fund (to cover major works to Church buildings)_
Balance 1/1/20
**Balance 31/12/20**
iv) _Property Revaluation Reserve - 23 Rickman Hill and Church hall_
Balance 1/1/20
**Balance 31/12/20**
**Total Unrestricted Funds**
**b) Restricted Funds**
i)
_Messy Church( provision of activities for small children)_
**Balance 31/12/19**
**Balance 31/12/20**
ii)
_Organ Fund_
Balance 1/1/20
**Balance 31/12/20**
iii) _West Window Fund_
Balance 1/1/20
Donations
**Balance 31/12/20**
**Total Restricted Funds**
**c)**
**Designated Fund**
_Rickman Hill fund_
Transfer from General Reserve
Balance 31/12/20
**TOTAL FUNDS**|**2020**
**£**
240,038
96,384
[120,684]
15,949
14,938
[3,000]
-
-|**2019**
**£**
199,227
119,539
[111,866]
36,428
[3,290]
-
-
-| |---|---|---| ||**243,626**|**240,038**| |||| ||8,057
[14,938]|4,767
3,290| ||**[6,881]**
11,340
**11,340**
600,000
**600,000**
**848,085**|**8,057**| |||11,340| |||**11,340**| |||600,000| |||**600,000**| |||| |||**859,435**| ||-
**-**
-
**-**
2019
6,250
625
**6,875**
**6,875**
3,000
**3,000**
**857,959**|-| |||**-**| |||-| |||**-**| |||-
6,250| |||**6,250**| |||| |||**6,250**| |||| |||-| |||**-**| |||| |||**865,685**| **PCC of St Andrew, Coulsdon - Trustees Report and Financial Accounts 2020** **Page 15** **NOTES TO THE FINANCIAL STATEMENTS (continued)** ## **12 BUILDING FUND** _The Building Fund is an unrestricted fund of the PCC holding funds set aside for future maintenance of the church building. The last Quinquennial Inspection was undertaken in May 2018 A programme of work is being undertaken as a result of the inspection._ ## **13 ANALYSIS OF NET ASSETS BY FUND** |||**Unrestricted**
**Designated **|**Unrestricted**
**Designated **|**Restricted**|**Restricted**|**Total**||| |---|---|---|---|---|---|---|---|---| |||**Funds**
**Fund**||**Funds**||||| |||**£**||**£**||**£**||| ||Fixed assets|846,926|-||-|846,926||| ||Current assets|7,706|3,000|6,875||17,581||| |||854,632|3,000|6,875||864,507||| ||Current liabilities|[7,014]|0|||[7,014]||| ||**Fund balances**|**847,619**|**3,000**|**6,875**||**857,494**||| |**14**|**APPEALS & GRANTS**|**funds**||**Appeals**||**Total**||| ||||**and Donations**|||**2020**||**2019**| |||**(Authorised by PCC)**|**(Not Authorised**||**by PCC)**|||| ||**_Grants_**|**£**||**£**||**£**|**£**|| ||Church Army|150|||-|150||200| ||The Children's Society|400|||-|400||486| ||Smile|100|||-|100||-| ||Medicins sans Frontieres|200|||-|200||-| ||Christian Aid|500|||-|500||-| ||Christian Family Concern|-|||-|0||400| ||Church Urban Fund|-|||-|0||200| ||Croydon Community Against Trafficking
-||||-|0||200| ||Croydon University Hospital Friends|-|||-|0||250| ||Croydon Refugee Day Centre|250|||-|250||250| ||Royal British Legion|-|||-|0||207| ||Hear Us - Croydon|-|||-|0||400| ||Orpheus Centre trust|200|||-|200||250| ||RNLI|-|||-|0||257| ||Save the Children|-|||-|0||228| ||Zimbabwe (Southwark Diocese link)|200|||-|200||100| ||USPG|100|||-|100||100| ||Sabre Trust [overseas]|-|||-|0||100| ||Ryan MS therapy centre|90|||-|90||150| ||Welcare|100|||-|100||-| ||Night Watch|200|||-|200||-| ||Samaritans of Croydon|100|||-|100||-| ||Bromley and Croydon Women's Aid|100|||-|100||-| ||Seafarers|-|||-|0||100| ||A Rocha|-|||-|0||100| ||Asthma UK|-|||-|0||100| ||Tearfund|100|||-|100||300| ||_Net figures_|**2,790**|||**-**|**2,790**||**4,378**| ||_Funded by_|||||||| ||Special Collections||||-|0||1161| ||Missionary Grants|2,790||||2,790||3,217| |||**2,790**|||**-**|**2,790**||**4,378**| ## **15 CAPITAL COMMITMENTS** _There were no capital commitments at 31st December 2020 (2019 nil)._ **PCC of St Andrew, Coulsdon - Trustees Report and Financial Accounts 2020** **Page 16**