2020-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of Christ Church, Beckenham.

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		Unrestricted	Restricted	Endowment	Total	Total
		funds	funds	funds	funds	funds
	Note	2020 F	2020	2020f	2020 f	2019 f
Income and
endowments from:
Donations and legacies		342,104	44,011		386,115	311,799
Charitable activities		13,631			13,631	39,532
Investments		175,167	20,491		195,658	198,125
Other income		9,000			9,000	9,230
Total income and endowments		539,902	64,502		604,404	558,688
Expenditure on:
Raising funds		9,208			9,208	18,088
Charitable activities		375,613	79,143		454,756	389,487
Total expenditure		384,821	79,143		463,964	407,575
Net
income/(expenditure)
before net gains on investments		155,081	(14,641)		140,440	151,111
Net gains on investments		80,937		98,604	179,541	359,403
Net movement In funds		236,018	(14,641)	98,604	319,981	510,514
Reconciliation of
funds:
Total funds brought forward		2,587,454	28,307	4,994,133	7,609,894	7,099,380
Net movement in funds		236,018	(14,641)	98,604	319,981	510,514
Total funds carried forward		2,823,472	13,666	5,092,737	7,929,875	7,509,894

				2020		2019
		Note		6
Fixed assets
Tangible assets		16		3,212,670		3,218,080
investment property		17		1,920,000		1,870,000
Investments		18		2,030,227		1,963,997
				7,162,897		7,052,077
Current assets
Stocks			484		743
Debtors		19	211,543		18,585
Short-term deposits			555,013		539,982
Cash at bank and in	hand		47,405		45,118
			814,445		604,528
Creditors; amounts year	falling due within one	20	(47,467)		(45,711)
Net current assets				766,978		557,817
Total net assets				7,929,875		7,809,894
Charity funds
Endowment funds		22		5,092,737		4,994,133
Restricted funds		22		13,666		28,307
Unrestricted funds		22		2,823,472		2,587,454
Total funds				7,929,875		7,609,894

				2020	2019
				6	6
Cash flows from operating	activities
Net cash used in operating	activities			(241,660)	(17,923)
Cash flows from investing	activities
Dividends, interest and rents from investments				195,658	198,125
Purchase oftangible fixed assets					(8,000)
Investment withdrawals				95,000
Investment additions				(31,690)	(62,304)
Net cash provided by investing activities				258,968	127,821
Change in cash and cash	equivalents	in	the year	17,318	109,898
Cash and cash equivalents	at the beginning		ofthe year	585,100	475,202
Cash and cash equhralents	at the end	of	the year	602,418	585,100

	Unrestdicted	Restricted	Endowment	Total	Total
	funds	funds	funds	funds	funds
	2020f	2020	2020f	2020 5	2019f
Donations
Gift-Aided offedings	91,728	11,680		103,408	112,525
Other offedings	13,274	700		13,974	17,039
Open plate offerings	2,936			2,936	13,346
Special appeals		4,475		4,475	1,736
Mission Sunday		17,000		17,000	14,121
Other donations		2,959		2,959	7,107
Tax refunds - Gift Aid	23,248	7,197		30,445	33,591
Subtotal	131,186	44,011		175,197	199,465
Legacies	210,918			210,918	112,334
Total 2020	342,104	44,011		386,115	311,799
Total 2019	239,077	41,388	31,334	311,799

			Unrestricted	Total	Total
			funds	funds	funds
			2020f	2020f	2019
Church	hall lettings		8,927	8,927	24,818
Youth	and children's	work/events			218
Events					2,139
Bookstall			108	108	520
Baby and toddler group			606	606	2,909
Tuesdaylunches			1,452	1,452	7,002
Fees			2,538	2,538	1,926
			13,631	13,631	39,532
Total 2019			39,532	39,532

		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
		2020 f	2020 f	2020 f	2019 f
Investment properties -Garage		67,500		67,500	67,500
-Car park		42,000		42,000	42,250
-Houses		27,438		27,438	31,045
Dividends and interest (including	any
reclaimed tax) -Clergy Fund			20,367	20,367	19,283
-Capital Fund		3,772		3,772	3,662
- Pendleton Fund			27	2?	47
-Otherfunds		34,457	97	34,554	34,338
Total 2020		175,167	20,491	195,658	198,125
Total 2019		178,449	19,676	198,125

		Unrestricted	Total	Total
		funds	funds	funds
		2020	2020	2019
		E	6	F
Total	2020	9,000	9,000	9,230
Total	2019	9,230	9,230

	Unrestricted	Total	Total
	funds	funds	funds
	2020	2020	2019
		6	F
Garage	575	575	572
Car park			780
Houses	8,633	8,633	16,736
Total 2020	9,208	9,208	18,088
Total 2019	18,088	18,088

Summar	y by f	und	ty	pe
						Unrestricted	Restricted	Total	Total
						funds	funds	funds	funds
						2020	2020	2020	2019
						E	E	E	E
Grants	payable	(Note		11)		17,600	47,552	65,152	57,699
Ministry						90,162	21,644	111,806	124,534
Church	running	costs				36,498		36,498	40,746
Facilities manager costs			and		3Christ Church Road	28,191		28,191	30,126
Church	halls running			costs		32,809		32,809	34,481
Other activities						28,221		28,221	45,775
Proposed halls		redevelopment				95,862	9,947	105,809	18,224
Support	and governance costs					46,270		46,270	37,902
Total 2020						375,613	79,143	454,756	389,487
Total 2019						308,853	80,634	389,487

						Direct costs	Supportand
						(including	governance	Total	Total
						grants) 2020	costs 2020	funds 2020	funds 2019
						E	E	E	E
Grants	payable	(Note		11)		65,152		65,152	57,699
Ministry						111,806		111,806	124,534
Church	running	costs				36,498		36,498	40,746
Facilities manager costs			and 3 Christ Church Road			28,191		28,191	30,126
Church	halls running			costs		32,809		32,809	34,481
Other activities						28,221		28,221	45,775
Proposed halls		redevelopment				1O5,8O9		105,809	18,224
Support	and governance				costs		46,270	46,270	37,902
Total 2020						408,486	46,270	454,756	389,487
Total 2019						351,585	37,902	389,487

Analysis ofdirect	costs
					Facilities
					manager	Church
		Grants		Church	and 3Christ	halls
		payable		running	Church	running
		(Note 11)	Ministry	costs	Road costs	costs
		2020	2020	2020	2020	2020
		F	F	6	6	6
Grants payable		64,192
Staff leaving gifts		960
Diocesan parish share			102,474
Diocesan levy on fee income			1,673
Parish nurse costs
Pastoral expenses			922
Clergy houses expenses and
maintenance			6,487
Speakers and fees			250
Vicar's discretionary
expenses
Depreciation				940		1,800
Light and heat				13,811		15,046
Insurance				6,426		3,634
Organ				1,795
Miscellaneous				813		379
Repairs and maintenance				10,169		10,781
Equipment				2,220
Choirs				324
Facilities manager	and 3
Christ Church Road costs					28,191
Kitchen and catering costs						1,169
Youth and children's work
Events
Baby and toddler group
Tuesdaylunches
Proposed halls
redevelopment -fees
Total 2020		65,152	111,806	36,498	28,191	32,809
Total 2019		57,699	124,534	40,746	30,126	52,705

Analysis ofdirect	c	osts (conti	nued)
					Proposed
					halls
				Other	redevelop-	Total	Total
				actrvihes	ment	funds	funds
				2020	2020	2020	2019
				E	E	E	F
Grants payable						64,192	56,919
Staff leaving gifts						960	780
Diocesan parish share						102,474	101,395
Diocesan levy on fee		income				1,673
Parish nurse costs							10,001
Pastoral expenses						922	3,089
Clergy houses expenses and
maintenance						6,487	8,806
Speakers and fees						250	612
Vicar's discretionary		expenses					631
Depreciation						2,740	2,740
Light and heat						28,857	22,503
Insurance						10,060	10,680
Organ						1,795	1,632
Miscellaneous						1,192	1,814
Repairs and maintenance						20,950	29,496
Equipment						2,220	2,336
Choirs						324	1,223
Facilities manager	and 3 Christ
Church Road costs						28,191	30,126
Kitchen and catering		costs				1,169	2,803
Youth and children's		work		24,487		24,487	31,925
Events				1,896		1,896	6,127
Baby and toddler group				432		432	2,126
Tuesdaylunches				1,406		1,406	5,597
Proposed halls redevelopment			-fees		105,809	105,809	18,224
T'otal 2020				28,221	105,809	408,486	351,585
Total 2019				45,775	18,224	351,585

Analysis o	fs	upp	ort and	gov	ernance co	sts
								Total	Total
								funds	funds
								2020	2019
								6	6
Depreciation								2,670	2,660
Miscellaneous								789	429
Equipment								4,865	2,303
Administrator/secretarial								19,639	14,776
Stationery,	copying and printing							2,033	3,033
Telephone,	fax and internet							1,979	2,313
Subscriptions		and	publications					2,054	2,084
Travel expenses								152	548
Bank charges								687	971
Publicity								1,050	1,310
Governance		costs - auditors'			remuneration	(Note 12)		10,352	7,475
Total 2020								46,270	37,902
Grants payable
						Unrestricted	Restricted	Total	Total
						funds	funds	funds	funds
						2020	2020	2020	2019
						6	6	6	5
Unrestricted		grants				17,600		17,600	15,950
Missionary	and charitable			giving			100	100	1,436
Church overseas
-Home missions			and other church societies				46,492	46,492	39,533
						17,600	46,592	64,192	56,919
Staff leaving		gifts					960	960	780
Total 2020						17,600	47,552	65,152	57,699
Total2019						15,950	41,749	57,699

(2019 - 52,263)and payroll service Staff costs and key management
	2020 6	2019 f
Wages and salaries	58,777	62,915
Social security costs	908	1,391
Pension contributions	3,949	6,173
	63,634	70,479

2020	2019
No.	No.

Facilities management
Administration
Youth and children's	work
Nurse

		Unrestricted	Unrestricted
		general	designated
		fund	funds
		2020	2020
		6	E
Property	repair funds
Church		(20,000)	20,000
Halls		(5,000)	5,000
18Court	Downs Road	(1,000)	1,000
25 Rectory Road		(1,000)	1,000
1 and 2 Christ Church Road		(2,000)	2,000
3 Christ	Church Road	(8,000)	6,000
		(35,000)	35,000
Otherfunds
Legacies Fund		(210,918)	210,918
Total 2020		(245,918)	245,918

Tangible fixed assets
		Furniture,
	Freehold	fixtures and	Other fixed
	property 6	equipment 5	assets 6	Total 5
Cost
At 1 January and 31 December 2020	3,268,532	69,831	8,000	3,346,363
Depreciation
At 1 January 2020	58,532	67,091	2,660	128,283
Charge for the year		2,740	2,670	5,410
At 31 December 2020	58,532	69,831	5,330	133,693
Net book value
At 31 December 2020	3,210,000		2,670	3,212,670
At 31 December 2019	3,210,000	2,740	5,340	3,218,080

Investment		property
				Freehold
				investment
				property
				F
Valuation
At 1 January		2020		1,870,000
Surplus on	revaluations			50,000
At 31 December 2020				1,920,000
Comprising
Historic cost				5,487
Aggregate	revaluations		to 31 December 2019	1,864,533
2020 revaluations				50,000
At 31 December 2020				1,920,000

Fixed asset investments
	Listed
	securitiesf
Cost or valuation
At 1 January 2020	1,963,997
Additions	31,890
Disposals and withdrawals	(95,000)
Revaluations	129,540
At 31 December 2020	2,030,227

19.	Debtors
									2020f	2019 6
	Due within one year
	Other debtors								825	405
	Prepayments and accrued income								202,840	5,908
	Income tax recoverable								7,878	12,372
									211,543	18,685
20.	Creditors: amounts		falling		due within one year
									2020	2019
										6
	Taxation	and social	security						195	1,117
	Pensions	payable								407
	Other creditors								1,317	7,262
	Accruals	and deferred		income					40,955	27,925
	Accrued	grants payable							5,000	10,000
									47,467	46,711
	Included	above is deferred			income relating to investment		property	income and church hall lettings income
	received	in advance,	which		can be analysed as	follows:
									2020 5	2019 f
	Deferred	income
	At 1 January								19,170	2,105
	Resources deferred		during		the year				18,588	19,170
	Amounts	released from		previous periods					(19,170)	(2,105)
	At 31 December								18,588	19,170
21.	Financial	instruments
									2020	2019
									6	6
	Financial	assets
	Financial	assets measured			at fair value through	income	and expenditure		2,632,645	2,549,097

Statement offunds
Statement offunds	- current year
	Balance at 1						Balance at 31
	January				Transfers		Gains/	December
	2020f	Income f	Expenditure	f	in/(out) f.	(Losses) f		2020 F
Unrestricted
Designated funds
PROPERTY-
BASED
Lea Road Car Park	400,000							400,000
Curate's House
Fund	400,000							400,000
CASH-BASED
Property Repair
Funds:
-Church	56,033	171			20,000			76,204
- Halls	63,873	193			5,000			69,066
- 18Court Downs
Road	11,105	34			1,000			12,139
-25 Rectory Road	12,556	38			1,000			13,594
- 1 and 2 Christ
Church Road	5,781	18			2,000			7,799
-3Christ Church
Road	3,439	10	(6,088)		6,000			3,361
Other funds:
-Church Interior
Repair Fund	16,049	68						16,117
-Church Lighting
Upgrade Fund	15,153	64						15,217
-Church PA/AV
Upgrade Fund	1f132		(940)					193
-Thornton Dens
Proceeds Fund	1,123,864	31,690	(95,862)				72,272	1,131,964
-Legacies Fund	97,297	415			210,918			30&,630
	2,206,282	32,702	(102,890)		245,918		72,272	2,454,284
Generalfunds
General Fund	381,172	507,200	(281,931)		(245,918)		8,665	369,188
Total unrestricted
funds	2,587,454	539,902	(384,821)				80,937	2,823,472

Statement offunds (co	ntinued)
							Balance at
	Balance at 1						31
	January				Transfers	Gainsl	December
	2020	Income	Expenditure		Inl(out)	(Losses)	2020
	5	F		5	6	6	5
Endowment funds
PROPERTY-BASED
Halls and Jubilee
Commemoration Fund	4,280,000					50,000	4,330,000
CASH-BASED
Halls and Jubilee
Commemoration Fund	26,566					1,827	28,393
Clergy stipend income
funds:
-Stipend fund	468,627					32,226	500,853
-A Carter Bequest	7,074					487	7,561
-E Etheridge Bequest	15,413					1,060	16,473
-F Prior Bequest	5,235					360	5,595
-C RStock Bequest	97,072					6,675	103,747
-LStock Bequest	500						500
-P Townrow Bequest	9,281					638	9,919
-A SWatts Bequest	19,877					1,367	21,244
-E M Danson Bequest	34,308					2,359	36,667
- Ministry Fund	23,333					1,605	24,938
Pendleton Books Fund	6,333						6,333
Hillman Fund - Choirs	514						514
	4,994,133					98,604	5,092,737

Statement offunds (continue	d)	d)
	Balance						Balance at
	at	1					31
	January				Transfem	Gains/	December
	2020 6		Income 6	Expenditure f	in/(out) 5	(Losses) 5	2020 6
Restricted funds
Clergy stipend income funds:
-Stipend Fund			14,030	(14,030)
-A Carter Bequest			212	(212)
-E Etheridge Bequest			461	(461)
- F Prior Bequest			157	(157)
-C RStock Bequest			2,906	(2,906)
-LStock Bequest			2	(2)
- P Townrow Bequest			278	(278)
- Ministry Fund			699	(699)
-ASWatts Bequest			595	(595)
-E M Danson Bequest			1,027	(1,027)
Pendleton Books Fund			27	(27)
Youth Projects Fund	5,975		26				6,001
Site Development Fees Fund	9,920		27	(9,947)
Appeals and Retiring
Offerings			5,464	(5,464)
Missionary Support Fund	12,412		36,286	(41,128)			7,570
Staff Leaving Collection			960	(960)
Building Project Donation			95				95
Clergy Stipend Donation			1,250	(1,250)
	28,307		64,502	(79,143)			13,666

organi	sations a	nd individuals, worki	ng both her	e in the UK and	abroad.
							Balance at
		Balance at 1					31
		January			Transfers	Gains/	December
		2020 E	Income 6	Expenditure 6	in/(out) 6	(Losses)f	2020
Total	funds	7,609,894	604,404	(463,964)		179,541	7,929,875

Statement offunds	(continued)
Statement offunds - prior year
						Balance at
	Balance at					31
	1 January			Transfers	Gains/	December
	2019	Income	Expenditure	in/(out)	(Losses)	2019
		6	6	E	E	F
Unrestricted
funds
Designated funds
PROPERTY-
BASED
Lea Road Car Park	335,000				65,000	400,000
Curate's House
Fund	400,000					400,000
CASH-BASED
Property Repair
Funds:
-Church	56,652	169	(6,788)	6,000		56,033
-Halls	58,696	177		5,000		63,873
-18Court Downs
Road	10,074	31		1,000		11,105
-25 Rectory Road	13,565	41	(2,050)	1,000		12,556
-1and 2 Christ
Church Road	14,256	25	(11,500)	3,000		5,781
-3 Christ Church
Road	8,834	10	(9,405)	4,000		3,439
Otherfunds:
-Church Interior
Repair Fund	15,930	119				16,049
-Church Lighting
Upgrade Fund	15,040	113				15,153
-Church PA/AV
Upgrade Fund	2,070		(940)			1,132
-Thornton Dane
Proceeds Fund	927,287	30,969			165,608	1,123,864
-Legacies Fund	22,918	379		74,000		97,297
	1,880,322	32,035	(30,683)	94,000	230,608	2,206,282
General funds
General Fund	317,323	434,253	(296,258)	(94,000)	19,854	381,172
Total unrestricted
funds	2,197,645	466,288	(326,941)	-	250,462	2,587,454

Statement offund	s (continued)
							Balance at
	Balance at						31
	1 January				Transfers	Gains/	December
	2019 F	Income f	Expenditure	f	in/(out) f	(Losses)f	2019f
Endowment
funds
PROPERTY-
BASED
Halls and Jubilee
Commemoration
Fund	4,280,000						4,280,000
CASH-BASED
Halls and Jubilee
Commemoration
Fund	22,380					4,186	26,566
Clegy stipend
income funds:
-Stipend Fund	394,780					73,847	468,627
-A Carter
Bequest	5,960					1,114	7,074
-E Etheridge
Bequest	12,984					2,429	15,413
- F Prior Bequest	4,411					824	5,235
-C R Stock
Bequest	81,776					15,296	97,072
-LStock
Bequest	500						500
-P Townrow
Bequest	7,818					1,463	9,281
-A SWatts
Bequest	16,745					3,132	19,877
- E M Danson
Bequest		31,334				2,974	34,308
- Ministry Fund	19,657					3,676	23,333
Pendleton Books
Fund	6,333						6,333
Hillman Fund-
Choirs	514						514
	4,853,858	31,334				108,941	4,994,133

							Balance at
		Balance at					31
		1 January			Transfers	Gains/	December
		2019 F	Income 6	Expenditure	in/(out) 5	(Losses) 6	2019f
Restricted
funds
Clergy stipend
income funds:
-Stipend Fund			13,622	(13,622)
-A Carter
Bequest			206	(206)
-E Etheridge
Bequest			448	(448)
- F Prior Bequest			152	(152)
-C RStock
Bequest			2,822	(2,822)
- LStock
Bequest				(2)
- P Townrow
Bequest			270	(270)
- Ministry Fund			678	(678)
-ASWatts
Bequest			578	(578)
-E M Danson
Bequest			506	(506)
Pendleton	Books
Fund			47	(47)
Youth Projects
Fund		5,931					5,975
Site
Development
Fees Fund		27,937	207	(18,224)			9,920
Vicar's
Discretionary
Fund		30		(30)
Appeals and
Retiring
Offerings		1,000	1,736	(2,736)
Missionary
Support Fund		12,979	38,966	(39,533)			12,412
Staff Leaving
Collection			780	(780)
		47,877	61,064	(80,634)			28,307

State	ment offu	nds (continued)
								Balance at
		Balance at						31
		1 January				Transfers	Gains/	December
		2019 E	Income E	Expenditure	f	in/(out) E	(Losses)f	2019 E
Total	funds	7,099,380	558,686	(407,575)			359,403	7,609,894

Summary offun	ds - current year
						Balance at
	Balance at 1					31
	January			Transfers	Gains/	December
	2020 E	Income E	Expenditure E	in/(out) E	(Losses)f	2020 E
Designated
funds	2,206,282	32,702	(102,890)	245,918	72,272	2,454,284
General funds	381,172	507,200	(281,931)	(245,918)	8,665	369,188
Endowment
funds	4,994,133				98,604	5,092,737
Restricted funds	28,307	64,502	(79,143)			13,688
	7,609,894	604,404	(463,964)		179,541	7,929,875

Summary	offund	s - prior year
							Balance at
		Balance at					31
		1 January			Transfers	Gains/	December
		2019 E	Income F	Expendituref	in/(out) E	(Losses) F	2019f
Designated
funds		1,880,322	32,035	(30,683)	94,000	230,608	2,206,282
General funds		317,323	434,253	(296,258)	(94,000)	19,854	381,172
Endowment
funds		4,853,858	31,334			108,941	4,994,133
Restricted	funds	47,877	61,064	(80,634)			28,307
		7,099,380	558,686	(407,575)		359,403	7,609,894

Analysis ofnet assets between fund	s - current period
	Unrestricted	Restricted	Endowment	Total
	funds	funds	funds	funds
	2020	2020	2020	2020
	E	E	E	E
Tangible fixed assets	402,670		2,810,000	3,212,670
Fixed asset investments	1,317,127		713,100	2,030,227
Investment property	400,000		1,520,000	1,920,000
Current assets	750,407	14,401	49,637	814,445
Creditors due within one year	(46,732)	(735)		(47,467)
	2,823,472	13,666	5,092,737	7,929,875

Analysis ofnet assets between fund	s - prior period
	Unrestricted	Restricted	Endowment	Total
	funds	funds	funds	funds
	2019 E	2019 F	2019f	2019 F
Tangible fixed assets	408,080		2,810,000	3,218,080
Fixed asset investments	1,296,307		667,690	1,963,997
Investment property	400,000		1,470,000	1,870,000
Current assets	529,778	28,307	46,443	604,528
Creditors due within one year	(46,711)			(46,711)
	2,587,454	28,307	4,994,133	7,609,894

								2020f	2019f
	Net income for the period (as				per Statement	of Financial Activities)		319,981	510,514
	Ad)ustments for:
	Depreciation charges							5,410	5,400
	Gains on	investments						(179,540)	(359,403)
	Dividends,	interests and rents			from investments			(195,658)	(198,125)
	Decrease/(Increase)		in stocks					259	(11)
	(Increase)/Decrease		in debtors					(192,858)	13
	Increase	in creditors						756	23,689
	Net cash	used in operating			activities			(241,650)	(17,923)
26.	Analysis	ofcash and		cash equivalents
								2020f	2019 F
	Cash at bank and in		hand					47,405	45,118
	Short-term	deposits						555,013	539,982
	Total cash and cash			equivalents				602,418	585,100
27.	Analysis	ofchanges		in net debt
							At 1		At 31
							January		December
							2020	Cash flows	2020
								f.	f.
							F
	Cash at bank and in		hand				45„118	2,287	47,405
	Debt due	within 1 year					(40?)	407
	Short-term	deposits					539,982	15,031	555,013
							584,693	17,725	602,418