2021-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of Christ Church, Beckenham.

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

				Page
Reports
Annual Report ofthe	Parochial	Church	Council	1-7
Independent Auditors'	Report			8-11
Financial Statements
Statement of Financial	Activities			12
Balance Sheet
Notes to the Financial	Statements			14-41

Hilary Walker (from	17May 2021)
Licensed Lay Minister:	Colin Gale
Deanery Synod Representatives:	Gill Boulton (from	17May 2021) (Interim Treasurer)
	Sarah Poole (Secretary)
Diocesan Synod Representative:	Sarah Poole
Elected members:	David Brooks
	DaisyLin Brown	(until	31 January 2021)
	Tim Cook (from	17May 2021)
	Peter Dow (Vice-Chair		until 11July 2021)
	Tim Fox (until 17May		2021)
	Sian Henderson	(from	17May 2021)
	Conrad Kader
	Anne Lancaster	(from	17May 2021)
	Pauline Marke
	Jonathan Pooie
	Nick Randell (until 17		May 2021)
	Ruth Salama
	Mark Wells
Co-opted member:	Gill Boulton (co-opted		until 17May 2021) (interim Treasurer)
				Page	1

			Unrestricted	Restricted	Endowment	Total	Total
			funds	funds	funds	funds	funds
			2021	2021	2021	2021	2020
		Note	6		E	6	E
Income and
endowments	from:
Donations and legacies Charitable activities			104,722 13,440	39,481		144,203 13,440	386,115 13,631
Investments			185,768	21,102		206,890	195,658
Other income			1,067			1,067	9,000
Total income endowments	and		305,017	60,583		365,600	604,404
Expenditure on:
Raising funds Chaditable activities		8 9	23,231 328,939	61,303		23,231 390,242	9,208 454,756
Total expenditure			352,170	81,303		413,473	463,964
Net
(expenditure)/income
before net gains on investments			(47,153)	(720)		(47,873)	140,440
Net gains on investments			179,949		208,062	388,011	179,541
Net movement	in		132,796	(720)	208,062	340,138	319,981
funds
Reconciliation	of
funds:
Total funds brought forward			2,823,472	13,666	5,092,73?	7,929,875	7,609,894
Net movement	in funds		132,796	(720)	208,062	340,138	319,981
Total funds carried			2,956,268	12,946	5,300,799	8,270,013	7,929,875
forward

				2021		2020
		Note		F
Fixed assets
Tangible assets		16		3,210,000		3,212,670
Investment property		17		2,020,000		1,920,000
Investments		18		2,325,327		2,030,227
				7,555,327		7,162,897
Current assets
Stocks			367		484
Debtors		19	209,154		211,543
Short-term deposits			505,785		555,013
Cash at bank and in hand			74,641		47,405
			789,947		814,445
Creditors; amounts	falling due within one
year		20	(75,261)		(47,467)
Net current assets				714,686		766,978
Total net assets				8,270,013		7,929,875
Charity funds
Endowment funds		22		5,300,799		5,092,737
Restricted funds		22		12,946		13,666
Unrestricted funds		22		2,956,268		2,823,472
Total funds				8,270,013		7,929,875

		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
		2021	2021	2021	2020
		E		6	6
Donations
Gift-Aided	offerings	74,526	10,940	85,466	103,408
Other offerings		10,410	820	11,230	13,974
Open plate	offerings	735		735	2,936
Special appeals			1,404	1,404	4,475
Mission Sunday			15,520	15,520	17,000
Other donations		235	4,680	4,915	2,959
Tax refunds	- GiR Aid	18,816	6,117	24,933	30,445
Subtotal		104,722	39,481	144,203	175,197

	Unrestricted	Restricted	Total	Total
	funds	funds	funds	funds
	2021	2021	2021	2020
	6	8	F
Legacies				210,918
Tote I 2021	104,722	39,481	144,203	386,115
Total 2020	342,104	44,011	386,115

	Unrestricted	Total	Total
	funds	funds	funds
	2021	2021	2020
	F	6	6
Church hall letiings	8,839	8,839	8,927
Bookstall	20	20	108
Baby and toddler group	498	498	606
Tuesdaylunches	1,196	1,196	1,452
Fees	2,887	2,887	2,538
Total 2021	13,440	13,440	13,631
Total 2020	13,631	13,631

			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
			2021 6	2021 f	2021 6	2020 F
Investment	properties
-Garage			67,500		67,500	67,500
-Car park			42,000		42,000	42,000
-Houses			38,499		38,499	27,438
Dividends	and interest (including	any
reclaimed tax)
- Clergy Fund				21,091	21,091	20,367
-Capital Fund			3,906		3,906	3,772
- Pendleton	Fund				3	27
- Other funds			33,883		33,891	34,554
Total 2021			185,788	21,102	206,890	195,658
Total 2020			175,167	20,491	195,658
Other income
				Unrestricted	Total	Total
				funds	funds	funds
				2021	2021	2020
				6	6	E
Total 2021				1,067	1,067	9,000
Total 2020				9,000	9,000

	Unrestricted	Total	Total
	funds	funds	funds
	2021	2021	2020
	E	E	E
Garage	575	575	575
Houses	22,656	22,656	8,633
Total 2021	23,231	23231	9,208
Total 2020	9,208	9,208

						Unrestricted	Restricted	Total	Total
						funds	funds	funds	funds
						2021	2021	2021	2020
						E	E	E	F
Grants	payable	(Note		11)		15,300	38,959	54,259	65,152
Ministry						80,280	22,344	102,624	111,806
Church	running	costs				100,614		100,614	36,498
Facilities manager			and		3Christ Church Road
costs						22,763		22,763	28,191
Church	halls running			costs		35,108		35,108	32,809
Other activities						4, 124		4,124	28,221
Proposed halls		redevelopment				17,528		17,528	105,809
Support	and governance				costs	53,222		53,222	46,270
Total 2021						328,939	61,303	390,242	454,756
Total 2020						375,613	79,143	454,756

							Direct costs	Support and
							(including	governance	Total	Total
							grants)	costs	funds	funds
							2021	2021	2021	2020
							F	5	6	F
Grants	payable	(Note		11)			54,259		54,259	65,152
Ministry							102,624		102,624	111,806
Church	running	costs					100,614		100,614	36,498
Facilities manager			and		3Christ	Church Road
costs							22,763		22,763	28,191
Church	halls running			costs			35,108		35,108	32,809
Other activities							4,124		4,124	28,221
Proposed halls		redevelopment				-fees	17,528		17,528	105,809
Support	and governance costs							53,222	53,222	46,270
Total 2021							337,020	53,222	390,242	454,756
Total 2020							408,486	46,270	454,756

							Facilities
							manager	Church
				Grants		Church	and 3Christ	halls
				payable		running	Church	running
				(Note 11)	Ministry	costs	Road costs	costs
				2021	2021	2021	2021	2021
				6	6	E	F	E
Grants payable (Note 11)				51,654
Staff leaving gifts				2,605
Diocesan parish share					95,000
Diocesan levy on fee		income			1,353
Pastoral expenses					834
Clergy houses expenses			and
maintenance					5,187
Speakers and fees					150
Vicar's discretionary		expenses			100
Depreciation
Energy and water						16,322		17,998
Insurance						6,188		3,505
Organ						1,906
Miscellaneous						377		72
Repairs and maintenance						71,868		13,454
Equipment						3,438
Choirs						515
Facilities manager	and 3		Christ
Church Road costs							22,763
Kitchen and catering		costs						79
Youth and children's		work
Events
Baby and toddler group
Tuesday lunches
Proposed hails redevelopment-
fees
Total 2021				54,259	102,624	100,614	22,763	35,108
Total 2020				65,152	111,806	36,498	28,191	32,809

Analysis ofdirect	costs	(continu	ed)
				Proposed
				halls
			Other	redevelop-	Total	Total
			activities	ment	funds	funds
			2021f	2021 F	2021f	2020f
Grants payable (Note 11)					51,654	64,192
Staff leaving giRs					2,605	960
Diocesan parish share					95,000	102,474
Diocesan levy on fee income					1,353	1,673
Pastoral expenses					834	922
Clergy houses expenses		and
maintenance					5,187	6,487
Speakers and fees					150	250
Vicar's discretionary	expenses				100
Depreciation						2,740
Energy and water					34,320	28,857
Insurance					9,693	10,060
Organ					1,906	1,795
Miscellaneous					449	1,192
Repairs and maintenance					85,322	20,950
Equipment					3,438	2,220
Choirs					515	324
Facilities manager	and 3	Christ
Church Road costs					22,763	28,191
Kitchen and catering costs					79	1,169
Youth and children's	work		881		881	24,487
Events			1,517		1,517	1,896
Baby and toddler group			589		589	432
Tuesdaylunches			1,137		1,137	1,406
Proposed halls redevelopment-
fees				17,528	17,528	105,809
Total 2021			4,124	17,528	337,020	408,486
Total 2020			28,221	105,809	408,486

					Total	Total
					funds	funds
					2021	2020
					6	6
Depreciation					2,670	2,670
Miscellaneous					159	789
Equipment					2/82	4,865
Administrator/secretarial					32,942	19,639
Stationery,	copying and printing				677	2,033
Telephone,	fax and internet				1,680	1,979
Subscriptions		and publications			2,001	2,054
Travel expenses					135	152
Bank charges					610	687
Publicity					1,142	1,050
Governance		costs - auditors'	remuneration	(Note 12)	8,724	10,352
Total2021					53,222	46,270

					Unrestricted	Restricted	Total	Total
					funds	funds	funds	funds
					2021f	2021	2021 6	2020 F
Unrestricted		grants			15,250		15,250	17,600
Missionary	and charitable			giving		1,404	1,404	100
Church overseas
- Home missions			and other church societies			35,000	35,000	46,492
					15,250	36,404	51,654	64,192
Staff leaving		gifts			50	2,555	2,605	960
Total 2021					15,300	38,959	54,259	65,152
Total 2020					17,600	47,552	65,152

, (2020 - f3,217)and payroll services off624 (2020 - f702) Staff costs and key management personnel	,, .
	2021f	2020f
Wages and salaries	49,246	58,777
Social security costs		908
Pension contributions	4,325	3,949
	53,571	63,634

2021	2020
No.	No.

Facilities management
Administration
Youth and children's	work

		Unrestricted	Unrestricted
		general	designated
		fund	funds
		2021	2021f
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
3Christ	Church Road	(6,000)	6,000
Total 2021		(35,000)	35,000

		Furniture,
	Freehold	fixtures and	Other fixed
	property f	equipment F	assets	Total f
Cost
At 1 January and 31 December 2021	3,268,532	69,831	8,000	3,346,363
Depreciation
At 1 January 2021	58,532	69,831	5,330	133,693
Charge for the year			2,670	2,670
At 31 December 2021	58,532	69,831	8,000	136,363
Net book value
At 31 December 2021	3,210,000			3,210,000
At 31 December 2020	3,210,000		2,670	3,212,670

		Freehold
		investment
		property
		6
Valuation
At 1 January 2021		1,920,000
Surplus on revaluations		100,000
At 31 December 2021		2,020,000
Comprising
Historic cost		5,467
Aggregate revaluations	to 31 December 2020	1,914,533
2021 revaluations		100,000
At 31 December 2021		2,020,000

	Listed
	investments
	F
Cost or valuation
At 1 January 2021	2,030,227
Additions	32,588
Disposals	(25,500)
Revaluations	288,012
At 31 December 2021	2,325,327

19.	Debtors
								2021 E		2020f
	Due within one year
	Other debtors							450		825
	Prepayments and accrued income							204,419	202,840
	Income tax recoverable							4,285		7,878
								209,154	211,543
20.	Creditors: amounts falling due within one year
								2021		2020
								6
	Taxation	and social security						509		195
	Pensions	payable						911
	Other creditors							2,472		1,317
	Accruals	and deferred	income					56,369		40,955
	Accrued	grants payable						15„000		5,000
								75,261		47,457
	Included	above is deferred		income relating to investment		property	income and church hall lettings			income
	received	in advance, which		can be analysed as	follows:
								2021		2020f
	Deferred	income
	At 1 January							18,588		19,170
	Resources deferred during			the year				28,860		18,588
	Amounts	released from	previous pediods					(18,588)		(19,170)
	At 31 December 2021							28,860		15,588
21.	Financial	instruments
								2021		2020
								5		5
	Financial	assets
	Financial	assets measured		at fair value through	income	and expenditure		2,905,753	2,632,845

Statement offunds	- current year
						Balance at
	Balance at 1					31
	January			Transfers	Gains/	December
	2021	Income	Expenditure	in/(out)	(Losses)	2021
	5	5	E	6	E	5
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	76,204	94	(59,3&3)	20,000		36,915
- Halls	69,066	120	(1,077)	5,000		73,109
-18Court Downs
Road	12,139	21		1,000		13,160
-25 Rectory Road	13,594	21	(4,792)	1,000		9,823
-1 and 2Christ
Church Road	7,799	14	(1,206)	2,000		8,607
-3Christ Church
Road	3,361			6,000		9,367
Otherfunds:
-Church Interior
Repair Fund	16,117					16,125
-Church Lighting
Upgrade Fund	15,217					15,225
-Church PAJA IJ
Upgrade Fund	193					193
-Thornton Dene
Proceeds Fund	1,131,964	32,588	(17,528)		160,685	1,307,709
-Legacies Fund	308,630	57	(2,078)			306,609
	2,454,284	32,937	(86,064)	35,000	160,685	2,596,842
General funds
General Fund	369,188	272,080	(266,106)	(35,000)	19,284	359,426
Total unrestricted
funds	2,823,472	305,017	(352,170)	-	179,949	2,956,268

Statement offunds (co	ntinued)
							Balance at
	Balance at 1						31
	January				Transfers	Gains/	December
	2021f	Income f	Expenditure	f	inl(out) f	(Losses) f	2021 F
Endowment funds
PROPERTY-BASED
Halls and Jubilee
Commemoration Fund	4,330,000					100,000	4,430,000
CASH-BASED
Halls and Jubilee
Commemoration Fund	28,393					4,062	32,455
Clergy stipend income
funds:
-Stipend fund	500,853					71,649	572,502
-A Carter Bequest	7,561					1,082	8,643
-EEtheridge Bequest	16,473					2,356	18,829
- F Prior Bequest	5,595					800	6,395
-C R Stock Bequest	103,747					14,842	118,589
- LStock Bequest	500						500
-P Townrow Bequest	9,919					1,419	11,338
-A SWatts Bequest	21,244					3,039	24,283
-E M Danson Bequest	36,667					5,245	41,912
-Ministry Fund	24,938					3,568	28,506
Pendleton Books Fund	6,333						6,333
Hillman Fund - Chairs	514						514
	5,092,?37					208,062	5,300,799

Statement offun	ds (continued)
						Balance at
	Balance at 1					31
	January			Transfers	Gains/	December
	2021	Income	Expenditure	in/(out)	(Losses)	2021
	E	E	E	E	E	E
Restricted
funds
Clergy stipend
income funds:
-Stipend Fund		14,529	(14,529)
-A Carter
Bequest		219	(219)
-EEtheridge
Bequest		478	(478)
-F Prior Bequest		162	(162)
-C R Stock
Bequest		3,010	(3,010)
- LStock
Bequest			(2)
-P Townrow
Bequest		288	(288)
- Ministry Fund		723	(723)
-A SWatts
Bequest		618	(616)
-E M Danson
Bequest		1,064	(1,064)
Pendleton Books
Fund			(3)
Youth Projects
Fund	6,001					6,005
Appeals and
Retiring
Offerings		1,404	(1,404)
Missionary
Support Fund	7,570	33,571	(35,000)			6,141
Staff Leaving
Collection		2,555	(2,555)
Building Project
Donation	95	705				800
Clergy Stipend
Donation		1,250	(1,250)
	13,666	60,583	(61,303)			12,946

						Balance at
	Balance at					31
	1 January			Transfers	Gains/	December
	2020	Income	Expenditure	in/(out)	(Losses)	2020
			E	6	F	F
Unrestricted funds
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
Otherfunds:
-Church Interior
Repair Fund	16,049	68				16,117
-Church Lighting
Upgrade Fund	15,153	64				15,217
-Church PA/AV
Upgrade Fund	1,132		(940)			193
-Thornton Dane
Proceeds Fund	1,123,864	31,690	(95,862)	-	72,272	1,131,964
-Legacies Fund	97,297	415		210,918		308,630
	2,206,282	32,702	(102,890)	245,918	72,272	2,454,284
General funds
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	(continued)
								Balance at
		Balance at						31
		1 January				Transfers	Gains/	December
		2020f	Income F	Expenditure	f	in/(out) f	(Losses)	2020
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
Clegy stipend
income funds:
-Stipend	Fund	468,627					32,226	500,853
-A Carter
Bequest		7,074					487	7,561
-EEtheridge
Bequest		15,413					1,060	16,473
-F Prior Bequest		5,235					360	5,595
-C R Stock
Bequest		97,072					6,675	103,747
- LStock
Bequest		500						500
-P Townrow
Bequest		9,281					638	9,919
-AS Watts
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	(continued)
						Balance at
	Balance at					31
	1 January			Transfers	Gains/	December
	2020f	Income f	Expenditure f	in/(out) f	(Losses)f	2020f
Restricted funds
Clergy stipend
income funds:
-Stipend Fund		14,030	(14,030)
-A Carter
Bequest		212	(212)
-E Etheridge
Bequest		461	(461)
-FPrior Bequest		157	(157)
-C R Stock
Bequest		2,906	(2,906)
-L Stock Bequest		2	(2)
-P Townrow
Bequest		278	(278)
- Ministry Fund		699	(699)
-AS Watts
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

							Balance at
		Balance at					31
		1 January			Transfers	Gains/	December
		2020f	Income F	Expenditure	in/(out) E	(Losses)	2020 f.
Total	funds	7,609,894	604,404	(463,964)		179,541	7,929,875

Summary offun	ds - current year
						Balance at
	Balance at 1					31
	January			Transfers	Gains/	December
	2021	Income	Expenditure	in/(out)	(Losses)	2021
	E	E	E	E	E	E
Designated
funds	2,454,284	32,937	(86,064)	35,000	160,685	2,596,842
General funds	369,18&	272,080	(266,106)	(35,000)	19,284	359,426
Endowment
funds	5,092,737				208,062	5,300,799
Restricted funds	13,666	60,583	(61,303)			12,946
	7,929,875	365,600	(413,473)		388,011	8,270,013

Summary	offund	s - prior year
							Balance at
		Balance at					31
		1 January			Transfers	Gains/	December
		2020	Income F	Expenditure F	in/(out) F.	(Losses)f	2020 F
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)			13,666
		7,609,894	604,404	(463,964)		179,541	7,929,875

Analysis of net assets between funds	- current year
	Unrestricted	Restricted	Endowment	Total
	funds	funds	funds	funds
	2021	2021 f	2021 f	2021f
Tangible fixed assets	400,000		2,810,000	3,210,000
Fixed asset investments	1,511,265		814,062	2,325,327
Investment property	400,000		1,620,000	2,020,000
Current assets	719,815	13,395	56,737	789,947
Creditors due within one year	(74,812)	(449)		(75,261)
	2,956,268	12,946	5,300,799	8,270,013
Analysis of net assets between funds	- prior year
	Unrestricted	Restricted	Endowment	Total
	funds	funds	funds	funds
	2020f	2020 f	2020 f	2020
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