2021-12-31-accounts

2021

Trustees Annual Report and Financial Report

The Ecclesiastical Parish of Durrington in the Diocese of Chichester Charity Registration Number 1134809

Trustees Annual Report and Financial Report

of

The Parochial Church Council of the Ecclesiastical Parish of DURRINGTON

St Symphorian

St Symphorian’s Church, Durrington Hill, BN13 2PU

Registered Charity no.1134809

For the year ended 31st December 2021

CONTENTS

Page 1 Trustees annual report 1 Statement of financial activities 2 Balance sheet 3 Notes to the accounts 13 Report of the independent examiner Website: www.stsymphorians.co.uk Incumbent: The Rev’d Robert Norbury The Vicarage, Bramble Lane, Worthing BN13 3JE Independent Andrew Carter ACMA examiner: Financial Director, CKC Controls Ltd Bankers: Charity Aid Foundation (CAF) Bank Churches, Charities and Local Authorities (CCLA) Lloyds Bank PLC

St Symphorian’s Church, Durrington Trustees Annual Re ort for 2021 p

Our aims and purposes as a charity

Durrington Parochial Church Council (PCC) has the responsibility of cooperating with the Vicar, Fr Robert Norbury 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 St Symphorian’s Church and the Parish Centre.

We are also responsible for the maintenance and letting of our property in Vancouver Close, occupied by our curate until September 2021 and is now let through a Letting Agent.

What we planned to do to achieve our charitable objectives

When planning our activities for the year, the PCC considered the Charity Commission’s guidance on public benefit and, in particular, the specific guidance on ‘charities for the advancement of religion’.

The council has complied with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016, fully recognising its duty to have due regard to House of Bishops' guidance on safeguarding children and vulnerable adults.

For 2021 we discussed and planned the following objectives and activities to fulfil our aims:

• Enabling as many people as possible to worship at our church

• Enabling as many people as possible to become part of our parish community

• Teaching, baptising and nurturing new and existing believers

• Maintaining an overview of worship throughout the parish

• Considering how services can involve the many groups that live within the parish

• Putting faith into practice, through prayer and scripture, music and sacrament

• Offering worship and prayer, learning about the Gospel, in small group situations

• Promoting the gospel and assisting people from all walks of life to find life in Jesus Christ

• Providing pastoral care for people living in the parish

• Providing assistance to the poor and needy of the parish

• Giving in accordance with our charitable objectives

• Reaching out to the wider community through social events and activities

• Maintaining the fabric of the church and the Parish Centre as a place of worship and for the community to enjoy.

What we achieved and how we affected beneficiaries’ lives

Attendance at worship

The church family welcomes visitors from within as well as outside the parish boundary; visitors attend by personal choice, and it is a great pleasure to welcome anyone from all walks of life to take part in the life of the church. We can attest that the voluntary attendance to worship the Lord Jesus Christ is a major demonstration of the public benefit of our activities.

Over the course of the year attendance at Sunday mass was heavily affected by the pandemic but we have seen a gradual recovery in people attending public worship with an average congregation of 50 people.

We look to encourage the deepening of faith for all ages, and, alongside the provision of the Mass, there is a programme of worship for young people which includes children’s church, family mass and craft mornings. We have

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also had a parade mass for the First Durrington Scouts and hope to re-introduce this for the Brownies, Guides and Rangers who meet in the church hall.

The coronavirus pandemic continued to impact on the liturgical, social and missional life of St Symphorian’s in 2021 but we continued to meet for public worship and adapted according to the relevant guidelines.

During Lent, due to the pandemic, our Lent course had to be held online but was well received.

The Holy Week and Easter Liturgies were observed with good congregations given the circumstances. In August we celebrated our Patronal Festival, with the Director of Apostolic Life, Canon Rebecca Swyer as our guest preacher. After Mass about 60 people gathered in the vicarage garden for a parish barbecue. In September we said goodbye to our curate Father Ian Edgar as he moved to become Associate Vicar of Lancing. It was a great joy to have the Bishop of Lewis with us to preside, preach and confirm six members of our church family; a day of great rejoicing.

Christmas is a very special time of celebration and many sections of the community usually come together to join in the services. Regretfully, due to a local outbreak of the virus, our three charity Christmas services and two school services were cancelled. However, this year we were able to once again hold our traditional carol service and on Christmas Eve, our crib service, which was well attended with 65 children present. Midnight Mass and Christmas Day Mass were celebrated with good combined congregations of 90 people.

Teaching, baptising and nurturing new and existing believers

In 2021 there were 2 weddings and 6 funerals conducted for parishioners. There were also 12 baptisms.

Nurture courses run in 2021 included the Lent Course and a confirmation preparation course.

Evangelism and outreach

A very successful Christmas fair proved to be a good opportunity for outreach to the wider community. (Due to the pandemic our Summer Fair had to be cancelled). During the year the You Group, Book Club and the Pram and Toddler Group resumed meeting in our church and Parish Centre. As we begin to emerge from the pandemic it is good to see people from the wider community being able to enjoy themselves in activities and entertainment which available in the Church premises and are inexpensive or free. Such groups also

The work and plannning that goes into Children’s Church and Craft Mornings where people can buy a bag of crafts. Fun and religion together, ebcouraging families to come to church.

provide an opportunity to get to know other members of the community for some help to combat issues such as loneliness.

In the autumn, at the request of the diocese, we revised our Mission Action Plan which we intend to put into action during the coming four years.

The links with the three schools in the parish were naturally affected by the pandemic. However, in November Durrington Infant and Junior Federation School came for a Remembrance Service in church.

During local outbreaks of the pandemic, Father Robert continued to strive to be involved with our local schools particularly with the Hawthorns.

We have continued to produce the monthly parish magazine and endeavour to let as many people as possible have copies. Craft mornings have been held with bags of the crafts also available should families prefer to take them home rather than work in the building.

Provision of the church buildings for people to enjoy

As opportunities opened again for the letting the Parish Centre, our organised church Pram & Toddler group and a number of regular hirers gradually returned, together with some new groups. The demand for children and family parties has also started again provided the opportunity for people to gather and meet up again in person.

Thanks also for organising for us to use the hall - it sounds so great in there and everyone is so encouraged. Wellbeing Choir

In addition to the hall, the church is also used for social gatherings, including the Book Club and the ‘You Group’ who previously used the Parish Centre. This brings in others who would never dream of coming into a church and finding that it is normal and welcoming.

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Spatial reordering of the church building and future projects

Faculties were submitted for lighting, electrical, and internal decoration od the church building, as well as for necessary external works.

In order to help with the prevention of anti-social behaviour, we have obtained planning permission to have the old, disused boiler house demolished. The space gained through this work will provide additional parking.

The Parish Centre needs repair and there is an outstanding plan to replace the roof and alterations which will help with access and provide more flexible areas for use. In the forthcoming year we will be actively seeking the necessary finances for this project to move forward.

Provision of pastoral care for people living in the parish

The clergy continue to offer pastoral care and support for all those living in the parish. The Ministers of Communion were suspended during the pandemic; however, it is hoped that a rota will be re-formed in the coming year. In the meantime, Father Robert takes Holy Communion to those who are housebound or in hospital.

Other charitable giving

During the year £1,168 was raised for the Uganda Imara Education Appeal. The church family has supported many other mission and charitable societies, amounting to £831, including The Children’s Society, St Barnabas House, Turning Tides, Christian Aid and Worthing Foodbank. Our giving also includes

Without your help, we would not be able to continue our vital welfare and benevolent work. Poppy Appeal

free use of our buildings for charitable purposes, totalling £3,695. Charitable donations have been reduced this year due the Covid restriction which resulted in the lack of social and fundraising opportunities during 2021

Financial Review

Incoming and outgoing resources

Total receipts on general unrestricted funds received were £72,938 and are detailed in the Financial Report.

The planned giving though the Parish Giving Scheme, envelopes and banker’s orders reduced by 4%. Our total voluntary income including tax recovered, but excluding legacies, reduced by 1%.

Sharing the ministry costs of the Diocese of Chichester

The largest expenditure of the PCC was the sum of £26,200 paid to the diocese for our share of all churches’ Parish Ministry Costs. This year the contribution from Durrington PCC decreased by 31% on the previous year and the church is meeting 31% of the costs allocated to this church compared with 51% paid last year.

The total relates directly to the housing, support, stipend and pension costs of the clergy of this parish, training of new ordinands, a contribution to national church funds and shared costs of the Christian family throughout the whole diocese, including assistance towards the upkeep of churches less able to manage than ourselves.

Staff costs

The PCC pays for a Parish Administrator and an organist as well as a verger for weddings and funerals.

Further details are provided in the notes to the accounts.

Trustee payments and expenses

The PCC also supported the clergy by paying Council Tax of £2,565, water and environmental charges amounting to £358 for the Vicarage plus other annual costs towards travel, hospitality, telephone, postage and broadband amounting to £3,816.

Mrs Paule Harper, who is also a trustee, received £25 for her duties as Verger.

Five trustees received £1,231 for purchases made on behalf of the PCC.

There were no payments to persons related to or connected to the trustees.

Repairs to the fabric of the church buildings

In accordance with the trust deed of the Sharp Fund, the PCC has used the interest from the capital investment to improve the church building. During 2021, the interest was used to install a French Trench along the north and west walls of the church building to help reduce the moisture in the wall. This work cost £5,100. Some stone masonry

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work, costing £1,926 was undertaken as outlined in the current Quinquennial report. A tree surgeon was also employed to trim some of the trees within the grounds, in particular trees with Tree Preservation Orders, costing £630. In addition, payments were made on fixtures and fittings for the upcoming electrical work and professional fees incurred for the specifications for the work. Funds have also been used to pay for the insurance of the building, tune the organ, service the boiler and clearing the gutters of the church. A few minor projects have also been undertaken in accordance with the quinquennial report.

The condition of the north wall of the Nave as well as the walls of the Lady Chapel and Baptistry continue to be of concern. The damp is deteriorating the walls which are crumbling. With the installation of the French Trench along the north and west walls of the church during 2021, attention is now being focused on the walls themselves. Permission has been given to some repointing work on the these which will be undertaken in the Spring of 2022. A faculty application has also been submitted to redecorate the interior of the church building as well as

It is so good to see the regular upkeep of the church as well as project being undertaken so that St Symphorian’s Church will stand for furture generations to show the glory of God in Durrington.

improving the lighting in the Nave and rewire the church. We hope that the majority of this work will be undertaken in 2022.

The state of the Parish Centre continues to be of concern and the lack of use of the facilities during 2020 due to the Covid pandemic, has increased the rate of decline for the facilities. These will be high on the agenda for the coming years. With this in mind, the PCC continues to put 20% of all fund-raising income aside for the improvements to the Parish Centre.

During 2021 the parish house in Vancouver Close was re-offered on the housing market for rent. On the advice of the Letting Agents, the property was redecorated throughout, and new carpets laid in all rooms. The total cost of this refurbishment was £8,630. This has enabled the letting agent to secure a higher rent for the forthcoming year.

Why we hold some money in reserve

It is PCC policy to maintain a balance on the general unrestricted funds (excluding property) which equates to approximately two months’ worth of unrestricted payments as contingency against unforeseen situations. The closing balance of £11,470 this year did not achieve this, although we still expect to have sufficient cash flow to continue to pay bills when they fall due.

It is PCC policy to invest temporarily surplus general funds with the CAF Gold account, returning proportionately these funds to our current account, as they are needed, to pay day-to-day bills. This year £3,888 was invested temporarily at 31[st] December.

As well as holding the above general reserves, from time to time the PCC receives restricted legacies for expenditure on restricted purposes, defined by the donor. We aim to expend such money as soon as possible after receiving the legacy, depending on the specific objectives of the donor. Where we have identified that the specific purpose can only be achieved by delaying the expenditure, we invest the legacy temporarily until the need for expenditure is identified. We are grateful to the estate of Audrey Gibson-Poole which has given the church a legacy in her memory in the last year. We have designated this money to be put towards the planned icon of St Symphorian.

Management of risks and their mitigation

The PCC has an ongoing task of reviewing the major risks which impact on the work of the church in the parish. The usual PAT testing and fire extinguisher checks have been carried out.

The PCC consider that the principal risks and uncertainties are:

• The health and safety around the church building, in particular the unauthorised access to the lower roofs and the old boiler house. There is potential for serious injury to anyone who access these areas without due care. These areas have been highlighted in the quinquennial report as needing attention.

• The need to fund unexpected costs associated with the Parish Centre due to its deteriorating condition.

• An unexpected fall in income, particularly given the dependence of the church on a limited number of major regular donors and the reduction in regular hall lettings and occasional hirers.

• The requirement to find volunteers with the appropriate skills, time and commitment to support the ministry of the congregation.

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• Reliance upon the Diocese to continue to provide financial support whilst we work towards paying our full Parish Share for clergy ministry.

The PCC seeks to manage these risks and uncertainties by regularly reviewing its Mission Action Plan and its plans for the use of the church buildings. We aim to maintain our properties to a high standard and carry out the priority items of a quinquennial review in a timely manner.

Stewardship is regularly highlighted to emphasise God's generosity to the congregation and encourage the congregation to respond to that generosity in their giving through time, talents and money, as they are able. We aim to diversify income from letting the hall and plan to manage more effectively hiring out the church building to external parties once the re-ordering has taken place.

Future uncertainties

The deficit for the year is a concern. Recovery from the Covid crisis in some areas has been slow. People are still nervous about attending social and fundraising events or activities where there may be crowds. The knock-on effect of this is that raising funds is difficult. Looking forward to 2022, the forecast at present is for everyday living costs to significantly rise. This has already been seen in the energy bills, with many of these costs doubling. It is important to check that as the day-to-day costs rise, the growth in income is sustained through renewed giving pledges which will strengthen our underlying financial position. Without improvements being made to the fabric of our Parish Centre, our fundraising potential maybe significantly impaired.

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Structure, governance and management of the charity

The Parochial Church Council (PCC) is registered with the Charity Commission as required by the Charities Act 2011. Its governing document is the Parochial Church Councils (Powers) Measure 1956.

.

During the year the following served as members of the Parochial Church Council:

Ex Officio members

Incumbent: The Revd Robert Norbury Chairman Curate: The Revd Ian Edgar until September Churchwardens: Mr Dave McPherson (until March) Mr Malcolm Brett (from March) Mrs Paule Harper Vice Chairman Elected Members Mrs Jane Winter Treasurer Mrs Diana Smith PCC Secretary Mrs Viv McPherson Mr Peter McCallum Mr Malcolm Brett (until March) Mrs Carole Brockhurst Mr Andrew Griffiths Mrs Sandra Brett (From March) Deanery Synod Mrs Yvonne Austen Mrs Lynne Noble-Danischevsky

Membership of the PCC is determined under the Church Representation Rules and consists of certain ex-officio members (the incumbent/priest-in-charge, curate, lay readers licensed to officiate in the church), the churchwardens and members of the Deanery, Diocesan or General Synods and 7 members of the church who are elected at the Annual Parochial Church Meeting (APCM). Members are warmly encouraged to stand for election to the PCC and we try to ensure a balance of skills and experience where possible.

This Trustees’ Annual Report was approved by the PCC and signed on their behalf by The Revd Robert Norbury, Chairman

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Date 15th March 2022

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T R U S T E E S A N N U A L R E P O R T

Annual Financial Report

of

The Parochial Church Council of the Ecclesiastical Parish of

St Symphorian’s Church, Durrington St Symphorian’s, Durrington Hill, Worthing BN13 2PU

Registered Charity no. 1134809

For the year ended 31st December 2021

CONTENTS

Page 1 Statement of financial activities 2 Balance sheet 3 Notes to the accounts 13 Report of the independent examiner

St Symphorian’s Church, Durrington registered charity number 1134809 Statement of Financial Activities

The financial effect of our activities during the year can be summarised as follows

Statement of Financial Activities

	Unrestricted Fund	Restricted Fund/s	Restricted Fund/s	Endowed Fund/s	Endowed Fund/s	Total Funds 2021	Total Funds 2020 Notes
Income and endowments from: Donations and legacies Charitable activities Other trading activities Investments Other receipts	£ 45,828 821 26,137 3 179		£ 7,488 552 672 22,706 73		£ - - - - -	£ 53,315 1,373 26,809 22,709 252	.. 53,664 2,488 22,010 22,377 4,493
Total income	72,968		31,491		-	104,458	105,031 2
Expenditure on: Raising funds Charitable activities Other trading activities Other expenditure	- 51,454 21,993 -		- 17,959 161 -		- - - -	- - 69,413 22,154 -	- 38 101,124 15,992 -
Total expenditure	73,446		18,120		-	91,567	117,153 3
Net gains (or losses) on investments	-		-	106,483		106,483	41,755
Net income or (net expenditure)	(479)		13,370	106,483		119,375	29,633
Transfers between funds Other recognised gains/(losses): Gains/(losses) on revaluation of fixed assets Other gains/(losses) Reconciliation of funds:	4		(4)	-		-	- 10
	(475) 205,004 -		13,366 - -	106,483 - -		119,375 205,004 -	29,633 - 11 -
Net movement in funds	204,529		13,366	106,483		324,379	29,633
Total funds brought forward	248,121		30,472	791,498		1,070,092	1,040,459
Total funds carried forward	452,650		43,838	897,981		1,394,470	1,070,092

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A N N U A L F I N A N C I A L R E P O R T

St Symphorian’s Church, Durrington registered charity number 1134809 Balance Sheet

Our financial position and summary of funds at the year end were

Our financial position and summary of funds at the year end were
	Total Funds 2021	Total Funds 2020	Notes
Intangible assets Tangible assets Heritage assets Endowed investments	£ - 440,043 - 850,985	£ - 243,252 - 744,502
Total fixed assets	1,291,028	987,754	11
Stocks Debtors Investments Cash at bank and in hand	- 13,647 - 96,595	- (3,394) - 88,932	14
Total current assets	110,242	85,538
Creditors: Amounts falling due within one year	(6,800)	(1,600)	15
Net current assets or (liabilities)	103,443	83,938
Total assets less current liabilities Creditors: Amounts falling due after more than one year Provisions for liabilities	1,394,471 - -	1,071,692 (1,600) -	16
Total net assets or (liabilities)	1,394,470	1,070,092
The funds of the charity: Endowment funds Restricted income funds	897,981 43,839	791,498 30,472
Unrestricted funds Revaluation reserve	452,650	248,121
Total unrestricted funds	452,650	248,121
Total charity funds	1,394,470	1,070,092	18

This Financial Report for the year ended 31st December 2021, including the notes following, was approved by the PCC and signed on its behalf by The Revd Robert Norbury, PCC Chairman:

Date: 15[th] March 2022

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A N N U A L F I N A N C I A L R E P O R T

St Symphorian’s Church, Durrington registered charity number 1134809 Notes to the Financial Report

1 Accounting policies

Basis of preparation

The PCC is a public benefit entity within the meaning of FRS102. The financial statements have been prepared under the Charities Act 2011 and the Church Accounting Regulations 2006, in accordance with applicable accounting standards and the current Statement of Recommended Practice, Accounting and Reporting by Charities, (SORP (FRS 102)).

The financial statements have been prepared under the historical cost convention. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their affiliation to another body, nor those which are informal gatherings of church members

Funds accounting

Funds held by the PCC are:

Unrestricted funds - general funds which can be used for PCC ordinary purposes

Designated funds - monies set aside by the PCC out of unrestricted funds for specific future purposes or projects

Restricted funds - a) income from trusts or endowments which may be expended only on those restricted objects provided in the terms of the trust or bequest; b) donations or grants received for a specific object or invited by the PCC for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of the year is carried forward as a balance on that fund

Endowment funds - funds for which the capital must be maintained; only income arising from the investment of the endowment may be used, either as restricted or unrestricted funds, depending on the purpose set out in the terms of the original endowment

Income and endowments

All income and endowments, accounted for without deduction for any costs of receivability, are recognised when there is evidence of entitlement, receipt is probable, and the amount can be measured reliably

Donations and legacies

Collections are recognised when received.

Planned giving receivable is recognised when there is evidence of entitlement, receipt is probable, and the amount accords with the Gift Aid declaration or other record of intention to donate

Gift aid recovered is recognised when the income to which it is attached is recognised

Grants and legacies are recognised when the formal offer in writing of the funding, is received by the PCC

Charitable activities

Statutory fees for weddings and funerals are recognised when the office occurs

Other trading activities

Trading activities are where income is receivable in return for selling goods or providing services. Income from trading is recognised either: a - when received, or b - in the case of concerts: for the year in which the event occurs, irrespective of date of receipt. Advance bookings are included in creditors until the concert has taken place

Sales of magazines and study notes are recognised when received

Rents from property are recognised in accordance with the rental agreements, when receipt is probable

Investment income

Dividends are accounted for when due and payable. Interest entitlements are accounted for as they accrue

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St Symphorian’s Church, Durrington registered charity number 1134809 Notes to the Financial Report

All other income

All other income is recognised in accordance with the above overall policy

Gains and losses on investments

Realised gains are recognised when the investments are sold

Unrealised gains and losses are accounted for on revaluation at 31st December

Expenditure

Expenditure is recognised when there is evidence of entitlement, payment is probable, and the amount can be measured reliably

Grants

Grants and donations are accounted for when paid over, or when awarded where the award creates a binding obligation on the PCC

Church activities

The diocesan parish contribution is accounted for on an annual basis, reflecting the allocation set by our Deanery. Any parish contribution unpaid at 31st December is provided for in these accounts as an operational (though not a legal) liability and is shown as a creditor in the balance sheet

Fixed assets

Tangible fixed assets

Consecrated and beneficed property of any kind is excluded from the accounts by s.10(2) of the Charities Act 2011.

Movable church furnishing held by the Vicar and Churchwardens on special trust for the PCC and which require a faculty for disposal, are accounted as inalienable property unless consecrated. They are listed in the church's inventory which can be inspected but are not included in the financial statements. For other property acquired prior to 2007 there is insufficient cost information available and therefore the cost of such assets is stated at a nominal £1 in the financial statements

All expenditure on consecrated or beneficed buildings and individual items costing under £1,000 are written off in the year they were incurred

Depreciation

Depreciation is calculated to write down the cost of tangible fixed assets, excluding freehold properties, over their expected useful lives. The rates generally applicable are:

Land	Nil
Buildings	Nil
Fixtures and fittings	20%
Audio visual equipment	33%
Office equipment	25%

No depreciation is provided on freehold buildings as the useful economic life of these assets exceeds 50 years and residual values so high that potential depreciation would be immaterial. It is the PCC's policy to maintain these assets in a continual state of sound repair. Resulting from regular impairment reviews, provision will be made if there has been any permanent diminution in value

Investments

Investments are stated at market value at the balance sheet date

Current Assets

Amounts owing to the PCC at 31st December in respect of fees, rents or other income are shown a debtors, less provision for amounts that may prove uncollectible

Short-term deposits include cash held on deposit either with the CBF Church of England Funds, or at the bank

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A N N U A L F I N A N C I A L R E P O R T

St Symphorian’s Church, Durrington registered charity number 1134809 Notes to the Financial Report

2 Analysis of income and endowments

	Unrestricted Fund	Restricted Fund/s	Restricted Fund/s	Total Funds 2021	Total Funds 2020	Notes
Planned giving (excl. tax refunds) Planned giving (no tax refunds) Loose cash collections Social and Fundraising Other Special appeals Gift Aid recoverable Legacies Grants	£ 21,890 4,796 1,793 577 1,852 5,720 200 9,000		£ - 222 3,499 321 3,445	£ 21,890 4,796 1,793 799 5,351 6,041 200 12,445	£ 22,364 5,511 1,279 1,147 7,716 9,008 - 6,639
Donations and legacies	£45,828		£7,488	£53,315	£53,664
Fees for weddings & funerals	821		552	1,373	2,488
Charitable activities	£821		£552	£1,373	£2,488
Social and Fundraising Events Rent from letting of Parish house Church centre hiring fees Café and Bar Sales Magazine advertisement fees	1,728 9,890 14,213 97 210		672 -	2,399 9,890 14,213 97 210	162 15,000 6,239 400 210
Other trading activities	£26,137		£672	£26,809	£22,010
Bank & CBF deposit interest CBF investment fund dividend	3 -		22,706 -	22,709 -	22,377 -
Investments	£3	£22,706		£22,709	£22,377
Other receipts	179	73		252	4,493
Total income and endowments on all funds	£72,968	£31,491		£104,458	£105,031	8

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A N N U A L F I N A N C I A L R E P O R T

St Symphorian’s Church, Durrington registered charity number 1134089 Notes to the Financial Report

3 Analysis of expenditure

	Unrestricted Fund	Restricted Fund/s	Restricted Fund/s	Total Funds 2021	Total Funds 2020	Notes
Stewardship costs Other fundraising costs	£ - -		£	£ - -	£ 38 -
Cost of raising funds	-		-	-	£38
Charitable grants and donations Mission & Evangelism costs Diocesan parish share Clergy and other people's expenses Salaries and honoraria incl NI Church running costs Church maintenance and repair Upkeep of churchyard Miscellaneous Financing Bank charges Depreciation Governance	3,695 1,861 26,200 4,755 4,471 2,162 - - - - 96 8,213 -		2,026 1,403 - 459 4,075 9,367 630	5,721 3,263 26,200 4,755 4,930 6,238 9,367 630 96 8,213	3,778 5,953 37,992 7,274 7,884 5,172 24,821 60 8,190	4
Cost of charitable activities	£51,454	£17,959		£69,413	£101,124
Social and Fundraising costs Church hall running costs Parish magazine costs Other trading costs	603 9,780 - 11,609	161 - -		765 9,780 - 11,609	177 7,015 - 8,800
Cost of other trading activities	£21,993	£161		£22,154	£15,992
Total expended on all funds	£73,446	£18,120		£91,567	£117,153

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A N N U A L F I N A N C I A L R E P O R T

St Symphorian’s Church, Durrington registered charity number 1134809

Notes to the Financial Report

4 Missionary and charitable giving

	Unrestricted Fund	Restricted Fund/s	Restricted Fund/s	Total Funds 2021	Total Funds 2020	Notes
Overseas: Imara Uganda Education Fund Christian Aid Aid to the Church In Need Home: Turning Tides St Barnabas Hospice Children's Society British Legion The Pines Food Bank Mission to Seafarers Children in Need St Andrew's High School for Boys Other Charitable Giving	£ 3,695		£ 1,168 190 36 162 182 27 217 24 21 -	£ 1,168 190 - - 36 162 182 27 - 217 24 21 - 3,695	£ 2,095 24 - - 302 177 130 50 180 - 820
	3,695		2,026	5,721	3,778

5 Staff costs

5 Staff costs
	Unrestricted Fund	Restricted Fund/s		Total Funds 2021	Total Funds 2020	Notes
Remuneration Wages and salaries Employer social security costs Employer pension costs	£ 4,471		£ 459	£ 4,930 -	£ 7,884
	4,471		459	4,930	7,884

6 Payments to PCC members

Mrs Paule Harper received £25 for her services as a verger.

Other payments were made to PCC members in the year for reimbursement of expenses incurred on behalf of the PCC:

• a) Clergy support: Council tax £2,565, Water and environmental charges amounting to £358 for the Vicarage plus other annual costs towards travel, hospitality, telephone, postage and broadband amounting to £3,816.

• b) 5 other trustees received £1,231 for purchases made on behalf of the PCC.

No person received remuneration in excess of £60,000.

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A N N U A L F I N A N C I A L R E P O R T

St Symphorian’s Church, Durrington registered charity number 1134809 Notes to the Financial Report

7 Transactions with persons related to PCC members

There have been no payments to persons related to PCC members.

8 Transactions with related charities

There are no related charities to be the church.

9 Governance

9 Governance
	Unrestricted Funds		Restricted Fund/s		Total Funds 2021	Total Funds 2020	Notes
Independent examination Accounts production Bookkeeping		£		£	£ - - -	£
		-		-	-	-

10 Transfers between funds

10 Transfers between funds
	Unrestricted Funds		Restricted Fund/s		Total Funds 2021	Total Funds 2020	Notes
Gift Donation General Fund		£ 4		£ (4)	£	£
		4		(4)	-	-

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A N N U A L F I N A N C I A L R E P O R T

St Symphorian’s Church, Durrington registered charity number 1134809 Notes to the Financial Report

11 Fixed assets

a Investments

a Investments
	Unrestricted Fund	Restricted Fund/s		Endowed Fund/s	Total Funds 2021	Notes
Market value 1 January 2021 Disposals at carrying value Purchases at cost Net gains and revaluation	£ - - - -		£ - - - -	£ 744,502 106,483	£ 744,502 - - 106,483
Market value 31 December 2021	-		-	£850,985	£850,985

The PCC hold the Sharp Investment which comprises of 40,723.24 units in a property investment and 33,767.38 in a saving investment. These investments are held by Chichester Diocese on our behalf.

b Tangible fixed assets

b Tangible fixed assets
		Freehold land and buildings		Church equipment		Office equipment	Total fixed assets	Notes
Cost or valuation At 1 January 2021 Additions Disposals Revaluation		£ 257,173		£ 5,521		£ 1,052	£ 263,746
		205,000					- 205,000
At 31 December 2021		462,173		5,521		1,052	468,746
Charge for impairment At 1 January 2021 Additions Disposals Revaluation		(14,700) (7,435) - -		(4,742) (779)		(1,052)	(20,494) (8,213) - -
At 31 December 2021		(22,135)		(5,521)		(1,052)	(28,707)
Net book amounts At 31 December 2021		440,038		0		-	440,039
At 31 December 2020		249,908		1,534		-	251,442

The freehold land and buildings comprise the curate's house at 26 Vancouver Close, Durrington. This property was revalued in 2021 By the Estate Agents Bradley and Lacy. Their opinion the property is now valued at £425,000. The appropriate revaluation has been included in this set of accounts.

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A N N U A L F I N A N C I A L R E P O R T

St Symphorian’s Church, Durrington registered charity number 1134809 Notes to the Financial Report

13 Net assets by fund

13 Net assets by fund
	Unrestricted Funds	Restricted Fund/s		Endowment Funds	Total Funds 2021	Total Funds 2020	Notes
Fixed assets for church use Investment fixed assets Current assets (except cash) Cash at bank and on deposit Current liabilities Long term liabilities	£ 440,043 13,647 5,761 (6,800) -		£ - 90,835	850,985	£ 440,043 850,985 13,647 96,595 (6,800) -	£ 243,252 744,502 (3,394) 88,932 (1,600) (1,600)
	£452,651	£90,835		£850,985	£1,394,470	£1,070,092

14 Debtors

14 Debtors
	Unrestricted Funds	Restricted Fund/s		Total Funds 2021	Total Funds 2020	Notes
Income tax recoverable Prepayments and accrued income Other debtors	£ - 13,647		£	£ 13,647 -	£ (375) -
	£13,647		-	£13,647	£ (375)

We have planned expenditure of £24k to upgrade the church lighting in 2022 of which £13,440 was paid to the contractors and is reflected in the debtors - prepayments and accruals in the 2021 accounts.

15 Creditors: amounts falling due within one year

----- Start of picture text -----
Unrestricted Restricted Total Funds Total Funds
Funds Fund/s 2021 2020 Notes
£ £ £ £
Deferred income - - -
Accruals for utilities and other costs 5,200 - 5,200 3,019
Archdeacon's loan 1,600 1,600 1,600
Other creditors - -
£6,800 - £6,800 £4,619
----- End of picture text -----

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A N N U A L F I N A N C I A L R E P O R T

St Symphorian’s Church, Durrington registered charity number 1134809 Notes to the Financial Report

16 Creditors: amounts falling due after one year

	Unrestricted Funds	Unrestricted Funds	Restricted Fund/s	Restricted Fund/s	Total Funds 2021	Total Funds 2020	Notes
Deferred income Accruals for utilities and other costs Archdeacon's loan Other creditors		£ -		£ - - -	£ - - - -	£ - - 1,600 -
		-		-	-	£1,600

17 Comparatives for the statement of financial activities

	Unrestricted Fund	Restricted Fund/s	Restricted Fund/s	Endowed Fund/s	Endowed Fund/s	Total Funds 2021
Income and endowments from: Donations and legacies Charitable activities Other trading activities Investments Other receipts	£ 41,735 1,430 21,954 52 202		£ 11,929 1,058 56 22,325 4,291		£ - - - - -	£ 53,664 2,488 22,010 22,377 4,493
Total income	65,372		39,659		-	105,031
Expenditure on: Raising funds Charitable activities Other trading activities Other expenditure	38 60,785 11,983 -		- 40,339 4,009 -		- - - -	- 38 101,124 15,992 -
Total expenditure	72,805		44,348		-	117,153
Net gains (or losses) on investments			-		41,755	41,755
Net income or (net expenditure)	(7,433)		(4,689)		41,755	29,633
Transfers between funds Other recognised gains/(losses): Gains/(losses) on revaluation of fixed assets Other gains/(losses) Reconciliation of funds:	200		(200)		-	-
	(7,233) -		(4,889) - -		41,755 - -	29,633 - -
Net movement in funds	(7,233)		(4,889)		41,755	29,633
Total funds brought forward	255,354		35,361	749,743		1,040,459
Total funds carried forward	248,121		30,472	791,498		1,070,092

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A N N U A L F I N A N C I A L R E P O R T

St Symphorian’s Church, Durrington registered charity number 1134809 Notes to the Financial Report

18 Statement of funds

Explanation of funds

Endowed funds are required by the donors to be invested and the income spent on specific objectives

The Sharp bequest is a permanent endowment, invested in CBF Investment Fund shares and Property Fund , which requires the income to be spent on the upkeep and maintenance of St Symphorian’s Church.

Restricted funds are not invested permanently but are to be spent within reasonable timescales

The Parish Centre is restricted to maintenance of the Parish Centre building.

The Mission Fund holds funds raised for charities.

Unrestricted funds are not subject to any donor restrictions and can be spent as the PCC decides

The unrestricted fund includes a designated sum of £15,177 set aside for Vancouver Close repairs, Vicarage repairs, Parish Centre repairs and the Münchberg Link.

Summary of all funds

Fund income and expenditure and final balances are as follows:

	Balances b/fwd 1 Jan 2021	Income	Expenditure	Endowed	Transfers, other gains and losses	Balances c/fwd 31 Dec 2021
Sharp bequest	£ 791,498	£	£		£ 106,483	£ 897,981
Total of all endowed funds	791,498	-	-		106,483	897,981
Collections and Appeals Sharp Income Grant Archdeacon' Loan	4,498 20,465 5,510 -	5,309 22,736 3,445	3,590 11,086 3,445		(4)
						6,214
						32,115
						5,510
						-
Total of all restricted funds	30,472	31,491	18,120		(4)	43,839
General fund Designated fund	237,177 10,944 -	60,712 12,255	65,424 8,022		205,008
						437,473
						15,177
						-
Total of all unrestricted funds	248,121	72,968	73,446		205,008	452,650
Total funds	£1,070,092	£104,458	£91,567		£311,487	£1,394,470

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A N N U A L F I N A N C I A L R E P O R T

Independent Examiner’s Report

to the PCC of St Symphorian’s Church, Durrington for the Year Ended 31st December, 2021

This is my report to the Parochial Church Council of the Ecclesiastical Parish (PCC) of St Symphorian’s, Durrington in the Diocese of Chichester, on the annual report for the year ended 31[st] December 2021 set out on pages

Respective responsibilities of The PCC members are responsible for the preparation of the annual reports. The PCC trustees and examiner members consider that an audit is not required for this year under section 144 of the Charities Act 2011 (“the Charities Act”) and that an independent examination is needed.

It is my responsibility to:

1. examine the accounts under section 145 of the Charities Act,

2. to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and

3. to state whether particular matters have come to my attention.

4. Basis of independent

5. examiner’s statement My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Independent examiner's statement In connection with my examination, no matter has come to my attention (other than that disclosed below in Section B )

1. which gives me reasonable cause to believe that in, any material respect, the requirements:

   • a. to keep accounting records in accordance with section 130 of the Charities Act; and

2. b. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act

3. have not been met; or

4. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Examiner’s signature

Examiner’s name CAPITALS ANDREW CARTER

Date Relevant professional qualification(s) or body Business Financial Manager if any Examiner’s address KC Controls LTD, 15-17 Bell Centre, Newton Road, Crawley West Sussex

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A N N U A L F I N A N C I A L R E P O R T

Independent Examiner’s Report

to the PCC of St Symphorian’s Church, Durrington for the Year Ended 31st December, 2021

Section B Disclosure

Only complete if the examiner needs to highlight material problems for example:

• accounting records have not been kept in accordance with s132 of the Charities’ Act 2011 and those accounts do not comply with the requirements of the 2008 Regulations setting out the form and content of charity accounts;

• any material expenditure or action which appears not to be in accordance with the trusts of the charity;

• any failure to be provided with information and explanations by any past or present trustee, officer or employee; and

• any material inconsistency between the accounts and the trustees’ annual report.

Give here brief details of any At present the PCC is just covering its costs. The current increases in the cost of items that the examiner living, specifically the cost of energy, could have a significant impact on the charity wishes to disclose especially with its reliance on donations which may decrease as people’s disposable income, and therefore ability to give, is squeezed. What steps are the PCC taking to protect the charity’s finances?