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2020-12-31-accounts

Charity number: 1135099

The Parochial Church Council of the Ecclesiastical Parish of Wye with Hinxhill

Unaudited

Trustees’ report and financial statements

for the year ended 31 December 2020

The Parochial Church Council of the Ecclesiastical Parish of Wye with Hinxhill

Contents

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||||||||||| |---|---|---|---|---|---|---|---|---|---| |Page| |Reference and|administrative|details|of the|PCC,|its|members|and|advisers|1-2| |Trustees’|report|3-10| |Independent|examiner's|report|11| |Statement|of financial|activities|12| |Balance sheet|13| |Notes|to the financial|statements|14-24|

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The Parochial Church Council of the Ecclesiastical Parish of Wye with Hinxhill

Reference and administrative details of the PCC, its members and advisers for the year ended 31 December 2020

Charity registered number

1135099

Principal office

United Wye Benefice Office 2, Zealds House 39 Church Street Wye Ashford TN25 5BL

Independent Examiner

S M Rouse FCCA DChA Kreston Reeves LLP 37 St Margaret's Street Canterbury Kent CT1 2TU

Bankers

Lloyds Bank 29 Bank Street Ashford TN23 1DG

Rector

The Rev'd. Ravi Holy

Associate Priests

The Rev'd. Linda Cross The Rev'd Lorraine Lawrence

Licensed Reader

Mr Kevin Rall Mrs Lucy Carvill

Churchwardens

Mrs Evelyn House Mr Graham Thorn (until February 2020) Mr David Ross (from September 2020)

Representatives of Deanery Synod

Mr Graham Thorn Prof Nigel Poole Mrs Caroline Spencer (until September 2020) Mrs Teresa Redfern

Page 1

The Parochial Church Council of the Ecclesiastical Parish of Wye with Hinxhill

Reference and administrative details of the PCC, its members and advisers (continued) for the year ended 31 December 2020

Representatives of the Diocesan Synod

Mrs Caroline Spencer (until September 2020)

Elected Members

Mr Robin Pelham-Reid (Deputy Churchwarden) Mrs Di Owen (Deputy Churchwarden) Dr Mark Deller - Director of Music Mrs Jo Rall (until September 2020) Mrs Evelyn House Prof Nicholas Russell Mrs Teresa Redfern Mr David Ross Mr James Jirtle (until September 2020) Mr Kevin Rall (until September 2020) Mrs Eleni Grivellis (from September 2020) Mr Mark Hosea (from September 2020) Mrs Lucy Huntington (from September 2020)

Treasurer

Mrs Karen Warden (until September 2020) Mr Stephen Clapham (from September 2020)

Page 2

The Parochial Church Council of the Ecclesiastical Parish of Wye with Hinxhill

Trustees’ report for the year ended 31 December 2020

The Trustees present their Annual Report together with the financial statements of The Parochial Church Council of the Ecclesiastical Parish of St. Gregory and St. Martin, Wye with St Mary, Hinxhill (the PCC) for the year ended 31 December 2020. The Trustees confirm that the Annual Report and financial statements of the PCC comply with the current statutory requirements, the requirements of the PCC's governing documents and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1 02) (effective 1 January 2019).

Administrative information

St Gregory and St Martin is situated in the centre of the village of Wye. St Mary's Hinxhill is situated in the nearby hamlet of Hinxhill. The Parish is part of the Diocese of Canterbury within the Church of England. The parish of Wye with Hinxhill is part of the United Wye Benefice of five parishes, of which the Rev Ravi Holy is the Rector. The correspondence address is the United Wye Benefice Office, 2, Zealds House, 39 Church Street, Wye, Ashford, Kent TN25 5BL.

The PCC is also known by the name Wye with Hinxhill PCC.

Objectives and activities

a. Policies and objectives

The PCC of St Gregory and St Martin, Wye with St. Mary's Hinxhill has the responsibility of cooperating with the Rector, the Rev Ravi Holy, in promoting in the ecclesiastical Parish, the whole mission of the church, pastoral, evangelistic, social and ecumenical. it also has responsibility for the maintenance of the fabric of the church buildings. The members of the PCC act as trustees of the charity. The PCC plays a full part in the life of the whole Benefice, in order to build an effective missional community in this part of Kent. The churchwardens of all Parishes meet together regularly to discuss and decide matters of mutual concern.

The PCC is committed to making the Gospel of Jesus Christ accessible to the people of the Parish and to all who visit. We work hard to serve our local community, to encourage as many people as possible to encounter the risen Christ and then to deepen their faith through prayer and Scripture, sacrament, music and community. When planning our activities for the year, the Rector and the PCC have considered the Commission's guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion. We try to enable ordinary people to encounter the living God and to live out their faith as part of our Parish community through:

. Spiritual life

. Worship and prayer

. Christian discipleship

. Work with children and young people

° Provision of pastoral care for people in the community and congregation ° Missionary and outreach work, including provision for pilgrims en-route to Canterbury.

Page 3

The Parochial Church Council of the Ecclesiastical Parish of Wye with Hinxhill

Trustees’ report (continued) for the year ended 31 December 2020

Achievements and performance

Spiritual life: Worship and prayer

The year 2020 was dominated by the pandemic. By March 2020 the virus was causing such concern that the government ordered a lockdown which included closing the churches. As a result Wye Church had no services in church between 12 March and 5 July 2020. The church remained open for private prayer although precautions were taken, sanitiser was available on entry, and visitors had to sign in. The church re-opened on 5 July 2020 because the numbers of infected persons were much reduced and accordingly the government eased the lockdown and permitted religious services. The services were by no means normal because masks had to be worn, social distancing maintained and there was no congregational singing. The arrival in Kent of the more infectious variant in September caused the second lockdown and the church was completely closed from 25 September 2020 until the end of the year. There were no Christmas services. There was a Remembrance Day service outside by the war memorial but attended only by persons invited. The Rector did arrange an online service every Sunday morning on Facebook during both lockdowns which attracted an audience of about 75. He also sent out a pastoral letter, and has encouraged those with needs to contact him or a mem ber of the pastoral care team.

In the course of the year there were 3 weddings, 5 funerals and 1 baptism in church.

Wye PCC very much hopes that normal church activities will return in 2021. In normal times Wye Parish Church offers a range of worship services. Attendance on Sundays continues to be strong, with a good range of ages. We are privileged to have both a flourishing choir and a music group. Each Sunday there is an 8.00 am service of Book of Common Prayer (BCP) Holy Communion. During the month, the regular pattern of 10.00 am worship includes: Common Worship (CW) Holy Communion twice a month, and CW Morning Prayer and an informal all age service each once a month. We also have three evening services every month: a BCP Choral Evensong, an informal Evening Service with a guest speaker and more modern Christian songs, and a Celtic-style service. There is a weekly Tuesday morning prayer group in church. Each weekday Morning Prayer is said which offers an opportunity to start each day in prayer and builds our common life. This is attended by a small regular group and is also valued by a number of others who come to join us at times of difficulty or celebration. St Mary's Hinxhill has a BCP service twice a month. Our aim is to provide a full breadth of different styles of services to enable all who come to the churches to feel comfortable and included.

In December 2020, there were 193 people on our Parish Electoral Roll.

In normal times the major festivals of the church year continue to be very well attended: Mothering Sunday, Holy Week, Easter, Pentecost, Remembrance Sunday and Christmas. Most years, on Creation Sunday in February, we have a special Creation service and alternate years we have an All Souls service which gives the opportunity for bereaved families and friends to remember their departed ones.

The two primary schools and the local secondary school in Wye hold services in church on major festivals with their families. Parish clergy and some members of the congregation take assemblies in the primary schools and are on hand for pastoral care. We are always pleased to welcome the Beavers, Cubs and Scouts of the 2nd Wye Scout Group and the Wye 1st Brownies at the annual Remembrance service in November.

As well as our regular services, we enable our com munity to celebrate and to thank God at the milestones of life. Through baptism we thank God for the gift of life; in marriage, public vows are exchanged with God's blessing; through funeral services, friends and family express their grief, give thanks for the life which is now complete in this world and commend the person into God's keeping. In 2020 there were 3 weddings, 5 funerals and 1 baptism in church.

Wye Parish Church is normally open in daylight hours throughout the week and is well used by local people for prayer and reflection, many of whom do not necessarily attend public worship. In addition, as a Grade1 listed building next to a number of popular footpaths, we welcome a large number of visitors, including some on pilgrimage to Canterbury, as well as international tourists. We provide appropriate literature in several different languages, and other facilities for them.

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The Parochial Church Council of the Ecclesiastical Parish of Wye with Hinxhill

Trustees' report (continued) for the year ended 31 December 2020

Achievements and performance (continued)

We are an official Pilgrim Church, with details on the Pilgrimage website and facilities for stamping Pilgrim Passes. Our churchyard remains open, and many parishioners visit regularly to tend graves of loved ones. We share the cost of the maintenance of the churchyard with the Parish Council.

Spiritual life: Christian discipleship

As well as the regular house groups the Healing Group meets monthly to pray for a confidential list of people from the church, and beyond (as it has for 50 years!). There were daily acts of worship and a dedicated space for prayer in the church.

Retreats to the Abbey at Bec and to Penhurst Retreat are organised from time to time.

Spiritual life: Children and young people

The PCC continues to support and encourage the Sunday Club and other work with young people. All ages worship together at the monthly all age service. We run a twice-monthly afterschool club for children in school years 6 to 9, which is held in the Methodist Church Hall. This club is run by volunteers with the support of the Rector. These activities are open to all children and young people, regardless of whether they or their parents are members of the congregation. The Director of Music, Mark Deller, welcomes young choristers to join the choir, however at present there are none. Young people are also encouraged to become part of the church music group led by Jo Rall.

The Plus Youth Group met in various venues including the Methodist Church Hall and the Village Hall Pavilion.

Lighthouse ran as a three-morning holiday club in July in the church; 19 children attended. It is planned to run an after-school club in the church in 2021.

Mission and Ministry

We havea pastoral visiting team, so that those in our communities who are house-bound, sick or lonely can request a visit by a member of the team if they wish. This team is led and facilitated by Rev Linda Cross, anda regular article in the parish magazine aims to keep the community aware of this ministry. The team is made up of ordained clergy, lay readers and associate lay ministers licensed to the parishes.

There are residential homes and sheltered housing for the elderly in the Parish. In Brambles Care Home a Communion service is led by clergy and lay readers ona monthly basis. Approximately 10-14 residents attend, accompanied by a few members of the church congregation. We also run a weekly informal home group at Brambles with opportunity for conversation and Christian support and encouragement. Rev'd Linda Cross has an open invitation to meet residents of Luckley House in Little Chequers at their weekly coffee mornings. We offer home Communion to any who request it and visit the sick in hospital or at home.

The church is a partner in the on-line Our Place Wye project which seeks to promote good neighbourliness and informal care activities in the village. Members of the church are actively involved in the Wye Community Companions (supporting people leaving hospital), and other initiatives in the community such as transport to appointments in the village.

We strive to welcome all people warmly and appropriately when they come to worship with us. We have a large team of sidespeople and others who endeavour to make sure that newcomers and visitors are made welcome and invited to stay for coffee, which is available after 10 am services. Services and events are advertised ina glazed notice board near the road in front of the church; there is also a weekly notice sheet freely available within the church.

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The Parochial Church Council of the Ecclesiastical Parish of Wye with Hinxhill

Trustees’ report (continued) for the year ended 31 December 2020

Achievements and performance (continued)

Safeguarding

The Parish of Wye with Hinxhill regards safeguarding children and vulnerable adults as a paramount priority; and we have implemented the latest advice from the Diocese. In this regard we have developed and operate a Safeguarding and Protection Policy. Mrs Evelyn House is now the Parish Safeguarding Officer. Aide Memoire Leaflets and the Parish Guide to Safeguarding are on display and available within the church. A poster in the porch displays contact information.

We are committed to ensuring that everyone working with children, young people, and vulnerable adults:

We review both the Child and Vulnerable Adults Protection and Safeguarding policies annually; both policies may be viewed on the church notice board.

Members of the PCC are required to attend the online C1. Sidespeople and others are also encouraged to do this online training. Those in leadership positions are encouraged to take part in the level C2 training.

Mission and Outreach

The PCC routinely has given approximately 10% of voluntary giving to mission. We regularly support several missionaries who have gone out from our congregation to serve overseas as well as local charitable work with the homeless and asylum seekers, and other organisations with which we are connected. From time to time we also respond to disaster appeals through special collections. In 2020 we gave £9,540 (2019: £10,000) to missions. We receive reports from mission link individuals and organisations which are posted in the Church, and the congregation is reminded to pray weekly on a rotating basis for the links. The support to individuals and organisations is reviewed annually by the PCC, and link people are invited to speak in church when possible.

We are registered as a Fair-Trade church and regularly sell fairly traded produce and try to raise awareness of issues Surrounding justice and fairness in trade.

Our Parish Magazine is a church publication, and it also functions as a community magazine. It has a wide readership among non-churchgoers as well as the congregation, with a total distribution of 450 per month in 2020. We are very grateful to the faithful team of volunteers who help prepare for distribution and deliver the magazine each month. The magazine includesa full list of church and community activities, and a monthly leading article aims to encourage people to encounter Jesus and develop their Christian understanding. The monthly men's breakfast in a local pub in the village continues to attract around 30 men each month from the community as well as the congregation.

Rev Ravi Holy holds a discussion group called Agnostics Anonymous. This is a monthly event and is thriving.

The FIG monthly group for women of all ages in the church continues to be much appreciated. This is held between 9.00 and 10.00 am on a Thursday morning, and is designed to be a place where women of all ages can meet for coffee, croissants and chat. There is a short talk on a wide range of subjects of interest. These events have been well attended and appreciated. The FIG home group meets in the morning enabling those who find it harder to go out in the evenings to attend and have fellowship.

Page 6

The Parochial Church Council of the Ecclesiastical Parish of Wye with Hinxhill

Trustees’ report (continued)

for the year ended 31 December 2020

Achievements and performance (continued)

We have an active Eco Church group that meets four times a year to plan and discuss activities. The revised and updated churchyard management plan has been agreed by the PCC and is operating smoothly. During the year we have continued to collect items for the Ashford Foodbank. A member of the congregation delivers these to the Foodbank regularly and a couple of other members of the congregation volunteer at the Foodbank collection point in Ashford. There were a particularly large number of donations in December of very high-quality items. These were gratefully received and acknowledged by the Parish Council.

We believe that the Parish Church building belongs to the whole community. It is the largest public space and is regularly used for concerts and other functions. Following the successful installation of moveable pews at the end of 2016, and the additional pew benches and choir song desks in 2017, our church now lends itself much more readily to new and increased opportunities for mission, outreach, and community service. We as a church congregation have continued to test out events for which the church building is now eminently suitable. Several community groups use the church for meetings, workshops, craft sessions, choir practice etc, and we envisage the use of the church will increase substantially in the coming years. A Burn’s Night ceilidh was held and very well attended; it was successful both socially and financially. A hiring policy has been drawn up by members of the PCC.

Ecumenical Relationships

We enjoy close relations with Wye Methodist Church although a decision to permanently close this church has now been made. Churches Together in Wye organises an annual Unity Service every January and a service for the Women's World Day of Prayer in March. Both services rotate between the Roman Catholic, the Methodist and the Anglican churches.

Deanery Synod

Our electoral roll numbers allow the parish three representatives on the Deanery Synod. The PCC therefore has strong links with the wider structures of the church. The PCC receives regular reports on the work of the Deanery.

Church fabric

The refurbishment of the lavatories has not been completed due to difficulties in accommodating an up-to-date disabled lavatory in the space. The church suffered a freak storm which blew off a number of tiles causing the need to replace all the tiles on the South side. This work was successfully completed in the summer of 2020.

St Mary's Hinxhill had a Quinquennial Inspection at the end of 2016 in which significant issues with water ingress through the various roofs at Hinxhill were highlighted. The constitution of the Wye with Hinxhill PCC states that both Wye Parish Church and Hinxhill Chapel of Ease (St Mary's) should continue to be financially self-sufficient and independent. The responsibitity for funding the day-to-day costs of maintaining the Hinxhill church and churchyard for regular worship, together with any repair and maintenance costs arising, e.g. from Quinquennial Inspections, belongs to the subcommittee of Wye with Hinxhill PCC, the Hinxhill Church Council.

Unfortunately, delay in addressing this issue is likely to result in further deterioration. On surveying the church, the architect found that the tower upper levels were filled with crow nesting material, which was cleared out to enable the inspection. It is likely that the disrepair of the shingled roof will result in more nesting material being brought in and further water ingress to the church.

Page 7

The Parochial Church Council of the Ecclesiastical Parish of Wye with Hinxhill

Trustees’ report (continued)

for the year ended 31 December 2020

Achievements and performance (continued)

Paid employment and volunteers

We employ an office manager (part-time) who also serves the wider Benefice and is helping the parish to run smoothly. We also pay for cleaning of the church building, for part of the costs of churchyard maintenance (as noted above), and an honorarium is paid for bookkeeping services.

Wye Parish Church could not function without the dedicated service of a very large group of volunteers. We believe that each Christian has a ministry, and that discerning and releasing the gifts of everyone is a major task for church leaders. We are grateful that so many offer their time and talents to further the mission and ministry of the Church (too many to name), and we would like to record our thanks to each and every one of them.

Financial review

The total income during the year totalled £171,309 (2019 - £194,702). Of this, £147,959 (2019 - £152,425) related to voluntary income.

Fundraising activities (including the Parish Magazine) carried out during the year generated net income of £3,917 (2019 - £8,227). The total expenditure during the year totalled £176,046 (2019 - £206,679) which included parish share of £91,988 (2019 - £90,450).

Overall, there was net expenditure for the year of £4,737 (2019 - £11,977).

In light of the ongoing COVID-19 crisis the PCC members have been considering the ramifications on the charity's financial resources and whilst there continues to be an impact, the PCC members are satisfied that the charity has sufficient reserves to be able to operate for the foreseeable future, but they will continue to monitor the situation closely.

a. Reserves policy

It is the policy of the PCC to maintain unrestricted funds, which are the free reserves of the charity, at a level which equates to at least three months unrestricted expenditure. This would provide sufficient funds to respond to the emergencies which arise from time to time.

The actual free reserves at 31 December 2020 were £33,112 (2019: £51,370). This was below the target set in reserves policy because of the ongoing effects of the COVID-19 crisis, but the Trustees will look to increase this level of reserves going forward.

The Trustees aim to keep the free reserves at an appropriate level.

b. Going concern

After making appropriate enquiries, the PCC members have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.

Page 8

The Parochial Church Council of the Ecclesiastical Parish of Wye with Hinxhill

Trustees' report (continued) for the year ended 31 December 2020

Structure, governance and management

a. Constitution

The PCC is a body corporate (PCC Powers Measure 1956, Church Representation Rules 2011) and became a charity registered with the Charity Commission (charity number: 1135099) on 22 March 2010.

b. Methods of appointment or election of Trustees

The method of appointment of PCC members is set out in the Church Representation Rules. The membership of the PCC consists of the licensed clergy, churchwardens, the licensed Reader, ex-officio members by virtue of membership of General or Diocesan Synod, and members of Deanery Synod or PCC elected by those members of the congregations who are on the Electoral Roll of the churches. All members of the congregations are encouraged to register on the Electoral Roll and stand for election to the PCC.

c. Organisational structure and decision-making policies

PCC members are responsible for making decisions on all matters of general concern and importance to the Parish, including deciding how PCC funds are to be spent. The Hinxhill Church Council is responsible for maintaining the fabric of the church of St Mary’s, Hinxhill.

Due to COVID-19 restrictions the PCC met three times during the year. Consensus was obtained on major decisions by e-mail. Given its wide responsibilities, the PCC has a number of committees, and working groups each dealing with a particular aspect of parish life. These committees, which include finance, fabric, mission giving, and an employment sub-committee are all accountable and report to the PCC, with notes of their deliberations being received and discussed as necessary by the full PCC. In addition, the churchwardens and PCC treasurer are members of the Benefice Wardens' group, which meets quarterly. During 2017 the PCC drew up and adopted a Conflict of Interest policy, with PCC members’ interests being declared annually and also as part of every PCC meeting.

d. Connected charities

The PCC is connected to Wye Ecclesiastical Charities by virtue of having related objects and being under common control. Details of the transactions with Wye Ecclesiastical Charities are recorded in the notes at 15.

Page 9

The Parochial Church Council of the Ecclesiastical Parish of Wye with Hinxhill

Trustees' report (continued)

for the year ended 31 December 2020

Statement of Trustees’ responsibilities

The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the PCC's transactions and disclose with reasonable accuracy at any time the financial position of the PCC and enable them to ensure that the financial statements comply with the Charities Act 201 1, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the PCC and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the members of the board of Trustees on 17 Mens RORI

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and signed on their behalf by:
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David Ross
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The Rev'd. Ravi Holy
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The Parochial Church Council of the Ecclesiastical Parish of Wye with Hinxhill

Independent examiner's report

for the year ended 31 December 2020

Independent examiner's report to the Trustees of The Parochial Church Council of the Ecclesiastical Parish of Wye with Hinxhill (‘the PCC’)

| report to the charity Trustees on my examination of the accounts of the PCC for the year ended 31 December 2020.

Responsibilities and basis of report

As the Trustees of the PCC you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the 2011 Act’).

| report in respect of my examination of the PCC's accounts carried out under section 145 of the 2011 Act and in carrying out my examination | have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

| have completed my examination. | confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the PCC as required by section 130 of the 2011 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.

| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

This report is made solely to the PCC's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the PCC's Trustees those matters | am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, | do not accept or assume responsibility to anyone other than the PCC and the PCC's Trustees as a body, for my work or for this report.

Signed: §rkacdo

Dated: 18 May 2021

S M Rouse FCCA DChA

Kreston Reeves LLP Canterbury

Page 11

The Parochial Church Council of the Ecclesiastical Parish of Wye with Hinxhill

Statement of financial activities for the year ended 31 December 2020

Restricted
funds		 Unrestricted
funds		 Total
funds		 Total
funds
2020 2020 2020 2019
Note £ £ > £
Income from:
Donations and legacies 2 40,110 107,849 147,959 152,425
Charitable activities 5 630 13,798 14,428 27,331
Other trading activities 3 - 8,687 8,687 14,574
Investments 4 115 120 235 32
Total income 40,855 130,454 171,309 194,702
Expenditure on:
Raising funds 3 - 4,770 4,770 6,347
Charitable activities 6 28,424 142,852 171,276 200,332
Total expenditure 28,424 147,622 176,046 206,679
Netincome/(expenditure) 12,431 (17,168) (4,737) (11,977)
Transfers between funds 11 1,090 (1,090) - -
Netmovement in tunds 13,521 (18,258) (4,737) (11,977)
Reconciliation offunds:
Total funds broughtforward 43,723 51,370 95,093 107,070
Net movement infunds 13,521 (18,258) (4,737) (11,977)
Totalfundscarriedforward 57,244 33,112 90,356 95,093

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 14 to 24 form part of these financial statements.

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The Parochial Church Council of the Ecclesiastical Parish of Wye with Hinxhill

Balance sheet

as at 31 December 2020

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2020 2019
Note £ £
Current assets
Debtors 9 13,338 7,366
Cash at bank and in hand 82,770 90,727
96,108 98,093
Creditors: amounts falling due within one
year 10 (5,752) (3,000)
Net current assets 90,356 95,093
Total net assets 90,356 95,093
Charity funds
Restricted funds 411 57,244 43,723
Unrestricted funds 11 33,112 51,370
Total funds 90,356 95,093
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The fecal statements were approved and authorised-for issue-by the Trustees on
2 ee |a Pa and’signed on their behalf by:
David Ross The Rev'd. Ravi Holy
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The notes on pages 14 to 24 form part of these financial statements.

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The Parochial Church Council of the Ecclesiastical Parish of Wye with Hinxhill

Notes to the financial statements for the year ended 31 December 2020

  1. Accounting policies

1.1 Basis of preparation of financial statements The financial statements 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 Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. The Parochial Church Council of the Ecclesiastical Parish of Wye with Hinxhill meets the definition of a public benefit entity under FRS 102.

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

The Parochial Church Council of the Ecclesiastical Parish of Wye with Hinxhill meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

The PCC's largest source of income is from donations through planned giving. The PCC members have considered the charity's anticipated future income from planned giving along with its level of reserves and concluded that these are sufficient to enable the charity to continue its operations for the foreseeable future. In light of the ongoing COVID-19 crisis the PCC members have been considering the ramifications on the charity's financial resources and whilst there continues to be an impact, the PCC members are satisfied that the charity has sufficient reserves to be able to operate for the foreseeable future, but they wil! continue to monitor the situation closely. Therefore, the accounts have been prepared on a going concern basis.

All income is recognised once the PCC has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the PCC has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the PEG, can be reliably measured.

Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

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The Parochial Church Council of the Ecclesiastical Parish of Wye with Hinxhill

Notes to the financial statements for the year ended 31 December 2020

  1. Accounting policies (continued)

1.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.

Expenditure on raising funds includes all expenditure incurred by the PCC to raise funds for its charitable purposes and includes costs of all fundraising activities events.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the PCC's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

1.5 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the PCC; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

1.6 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the PCC anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. 1.7 Financial instruments

The PCC only has financial assets and financial 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 with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the PCC and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the PCC for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

Page 15

The Parochial Church Council of the Ecclesiastical Parish of Wye with Hinxhill

Notes to the financial statements for the year ended 31 December 2020

2. Income from donations and legacies

Restricted
funds		 Unrestricted
funds		 Total
funds		 Total
funds
2020 2020 2020 2019
£ £ £ £
Donations 7,208 6,567 13,775 8,650
Legacies 10,000 6,398 16,398 500
Grants (see below) 22,902 - 22,902 30,781
Government grants - 1,071 1,071 -
Plate giving : 2,611 2,611 8,650
Planned giving - 74,478 74,478 72,896
Special collections - 197 197 716
Gift aid - 16,527 16,527 30,232
40,110 107,849 147,959 152,425

In 2019, of the total income from donations and legacies, £117,173 was to unrestricted funds and £35,252 was to restricted funds.

Grants

Restricted
funds		 Total
funds		 Total
funds
2020 2020 2019
£ £ £
WEC 22,400 22,400 30,626
The Friends of St Gregoryand St Martin 502 502 155
22,902 22,902 30,781

In 2019 all grant income was to restricted funds.

Page 16

The Parochial Church Council of the Ecclesiastical Parish of Wye with Hinxhill

Notes to the financial statements

for the year ended 31 December 2020

Unrestricted Total Total
funds funds funds
2020 2020 2019
£ E £
Income
Magazine sales and advertising 7,049 7,049 10,229
Otherfundraising income 1,638 1,638 4,345
Expenses 8,687 8,687 14,574
Magazine production costs 3,102 3,102 5,797
Otherfundraising costs 1,668 1,668 550
4,770 4,770 6,347
3,917 3,917 8,227

In 2019, all of the fundraising income was to unrestricted and all of the fundraising expenditure was from unrestricted funds.

4. Investment income

Restricted
funds		 Unrestricted
funds		 Total
funds		 Total
funds
2020 2020 2020 2019
£ £ £ E
Interest received on cash deposits 115 120 235 372

In 2019, of the total investment income, £163 was to unrestricted funds and £209 was to restricted funds.

Page 17

The Parochial Church Council of the Ecclesiastical Parish of Wye with Hinxhill

Notes to the financial statements

for the year ended 31 December 2020

  1. Incoming resources from charitable activities
Restricted Unrestricted Total Total
funds funds funds funds
2020 2020 2020 2019
£ £ £ £
Reimbursement ofexpenses from other
beneficechurches - 6,017 6,017 10,703
Fees 630 7,781 8,411 16,628
630 13,798 14,428 27,331

In 2019, of all income from charitable activities, £26,907 was to unrestricted funds and £424 was to restricted funds.

6. Charitable activities

Restricted
funds		 Unrestricted
funds		 Total
funds		 Total
funds
2020 2020 2020 2019
£ £ £ £
Parish share - 91,988 91,988 90,450
Mission (see note 7) - 9,636 9,636 10,669
Services 971 6,251 7,222 16,861
Upkeep ofchurchyard - 2,085 2,085 2,555
Maintenance 17,948 1,437 19,385 37,729
Light, heatandwater 502 3,176 3,678 4,596
Insurance 7,283 - 7,283 7,125
Beneficecosts - 11,504 11,504 11,341
Church activities - 10 10 833
Youth Ministry - 91 91 371
Penhurst retreat 1,720 - 1,720 450
Wages and salaries - 11,644 11,644 10,595
Bookkeeping fees - 1,200 1,200 1,200
Bankcharges - 533 533 706
Otherexpenditure - 129 129 2,001
Independentexaminer'sfees - 3,168 3,168 2,850
28,424 142,852 171,276 200,332

In 2019, of the total charitable expenditure, £157,193 was expenditure from unrestricted funds and £43,139 was expenditure from restricted funds.

Page 18

The Parochial Church Council of the Ecclesiastical Parish of Wye with Hinxhill

Notes to the financial statements for the year ended 31 December 2020

7. Mission payments

Unrestricted
funds		 Total
funds		 Total
funds
2020 2020 2019
£ £ £
Church funded payments
Delhi Brotherhood Society 515 515 500
MAF UK 500 500 -
OMF International UK (Prescotts) 1,500 1,500 1,500
Kent Refugee Help 500 500 500
CMS Africa (Pauline Walker) 500 500 1,500
Heal for Life 500 500 500
Latin Link(Hannah and Tim Flatman) 1,500 1,500 1,500
WEC International (Whitehorns) 1,500 1,500 1,500
Farming Community Network 750 750 500
Porchlight 500 500 -
PoppyAppeal 25 25 -
Catching Lives “ - 500
Elizabeth Poole 750 750 500
Plett Hospice 500 500 500
Demelza House - - 500
Specific Church collections 9,540 9,540 10,000
Christian Aid - - 303
MAF UK 96 96 -
Pilgrims Hospice - - 30
Brook Church - . 69
Help for Heroes - . 124
Dementia UK - - 143
9,636 9,636 10,669
8. Staff costs
2020 2019
£ £
Wages and salaries 11,644 10,595
11,644 10,595

Page 19

The Parochial Church Council of the Ecclesiastical Parish of Wye with Hinxhill

Notes to the financial statements

for the year ended 31 December 2020

  1. Staff costs (continued)

The average number of persons employed by the PCC during the year was as follows:

2020 2019
No. No.
1 1

No employee received remuneration amounting to more than £60,000 in either year.

9. Debtors
2020 2019
£ £
Other debtors 6,588 739
Prepayments and accrued income 6,750 6,627
13,338 7,366

10. Creditors: Amounts falling due within one year

2020 2019
£ =
Accrualsand deferred income 5,752 3,000
2020 2019
£ £
Deferred income
Deferred income at 1 January2020 - -
Resources deferred during the year 2,632 -
2,632 .

Page 20

The Parochial Church Council of the Ecclesiastical Parish of Wye with Hinxhill

Notes to the financial statements

for the year ended 31 December 2020

11. Statement of funds

Statement of funds - current year

----- Start of picture text -----
|||||||||| |---|---|---|---|---|---|---|---|---| |Balance|at| |Balance|at|1|31| |January|Transfers|December| |2020|Income|Expenditure|in/out|2020| |£|£|£|£|£| |Unrestricted|funds| |General|Fund|51,370|130,454|(147,622)|(1,090)|33,112| |Restricted|funds| |Restoration|Fund|2,765|16,620|(16,620)|-|2,765| |Penhurst|Retreat|Centre|Fund|-|630|(1,720)|1,090|-| |Wye|Church|Flower|Fund|1,433|75|(837)|-|671| |Insurance|Fund|5,024|5,780|(5,656)|-|5,148| |Bells|(Head)|Fund|3,368|5,000|.|-|8,368| |Choir|Fund|4,715|-|-|-|1,715| |Friends|Floodlighting|Fund|-|502|(502)|-|-| |Hinxhill|Fund|29,418|1,188|(2,929)|-|27,677| |Organ|fund|-|11,060|(160)|-|10,900| |43,723|40,855|(28,424)|1,090|57,244| |Total|of funds|95,093|171,309|(176,046)|-|90,356|

----- End of picture text -----

Page 21

The Parochial Church Council of the Ecclesiastical Parish of Wye with Hinxhill

Notes to the financial statements

for the year ended 31 December 2020

11. Statement of funds (continued)

Statement of funds- prior year

----- Start of picture text -----
|||||||||| |---|---|---|---|---|---|---|---|---| |Balance|at| |Balance|at|31| |1|January|Transfers|December| |2019|Income|Expenditure|in/out|2019| |Unrestricted|funds|£|fi|£|a|£| |Designated|funds| |Memorial|Fund|4,821|-|(4,821)|-|-| |General|funds| |General|Fund|51,297|158,817|(158,719)|(25)|51,370| |Total|Unrestricted|funds|56,118|158,817|(163,540)|(25)|51,370| |Restricted|funds| |Restoration|Fund|7,780|24,970|(29,985)|-|2,765| |Penhurst|Retreat|Centre|Fund|-|425|(450)|25|-| |Wye|Church|Flower|Fund|1,423|2,501|(2,491)|-|1,433| |Insurance|Fund|4,928|5,656|(5,560)|-|5,024| |Bells|(Head)|Fund|3,368|-|-|-|3,368| |Choir|Fund|1,715|-|-|-|A715| |Friends|Floodlighting|Fund|-|155|(155)|-|-| |Hinxhill|Fund|31,738|2,178|(4,498)|-|29,418| |50,952|35,885|(43,139)|25|43,723| |Total|of funds|107,070|194,702|(206,679)|-|95,093|

----- End of picture text -----

Page 22

The Parochial Church Council of the Ecclesiastical Parish of Wye with Hinxhill

Notes to the financial statements for the year ended 31 December 2020

  1. Statement of funds (continued)

  2. Memorial Fund - This fund is used for special projects incurred by the PCC that are not covered by WEC but does not include costs in relation to the fabric of the Church.

Restoration Fund - This fund is used for the restoration of the Church of St Gregory & St Martin.

Penhurst Retreat Centre Fund - This fund relates to members of the congregation attending spiritual retreats during the year.

Wye Church Flower Fund - This fund is used to finance the purchase of flowers for the Church.

Insurance Fund - This fund is used to finance the insurance funded by a grant from WEC.

Bells (Head) Fund - This fund is used to finance the upkeep of the Church bells.

Choir Fund - This fund is used to finance the activities of the choir.

Clock Fund - This fund is used to finance the repair of the clock face.

Friends Floodlighting Fund - This fund relates to money given to fund the cost of the electricity for the floodlights. Hinxhill Fund - This fund is used to finance the upkeep of the Church and for the provision of services at Hinxhill. Organ Fund - This fund is used to finance the purchase of an Organ for the Church.

A transfer from the unrestricted funds to the Penhurst Retreat Centre Fund has been made to cover the retreat leader's costs and the attendance costs of some of the congregation members.

12. Analysis of net assets between funds

Analysis of net assets between funds - current period

Restricted Unrestricted Total
funds funds funds
2020 2020 2020
£ E £
Current assets 57,244 38,864 96,108
Creditors due within oneyear - (5,752) (5,752)
57,244 33,112 90,356

Page 23

The Parochial Church Council of the Ecclesiastical Parish of Wye with Hinxhill

Notes to the financial statements

for the year ended 31 December 2020

12. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior period

Restricted Unrestricted Total
funds funds funds
2019 2019 2019
£ £ i
Current assets 43,723 54,370 98,093
Creditors duewithin oneyear . (3,000) (3,000)
43,723 51,370 95,093

13. Donations from members

During the year, 14 (2019: 14) members of the PCC gave donations to the charity totaling £10,928 (2019: £19,905).

14. Payments to members

During the year, no other members received any remuneration or any benefits in kind. During the year, the Incumbent was reimbursed for out of pocket expenses. During the year, the associate Priests were reimbursed for out of pocket expenses. During the year, 4 members of the PCC were reimbursed for out of pocket expenses.

15. Connected charities and related party transactions

The financial statements do not include the results of Wye Ecclesiastical Charities (charity registration number 262613) which is connected to Wye Parochial Church Council by virtue of having related objects and being under common control. The principal object of Wye Ecclesiastical Charities is to support the PCC with regard to the maintenance of the church and its related buildings and churchyard.

During the year Wye Ecclesiastical Charities contributed £22,400 (2019: £30,626) by way of grants to the PGC.

The financial statements do not include the results of the Luxmoore Trust, of which Wye Parochial Church Council is the Managing Trustee. The Canterbury Diocesan Board of Finance is the Custodial Trustee. The object of the Trust is to apply its income towards the maintenance of the church and churchyard. Wye Ecclesiastical Charities administers the income of the Trust on behalf of Wye PCC. The income and related expenditure of the Trust are shown in the financial statements of Wye Ecclesiastical Charities.

During the year there were no other transactions with related parties (2019: Nil).

Page 24