2020-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of The Ascension, Balham Hill

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www.ascensionbalhamhill.org

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE ASCENSION, BALHAM HILL

Diocese of Southwark

Charity Registration Number: 1136105

Report & Accounts 31 December 2020

Simply Churches Chartered Accountants 17 Heathville Road London N19 3AL

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE ASCENSION, BALHAM HILL

Report and Financial Statements 2020 Contents

	Page
Legal and administrative information	2
Report of the Parochial Church Council	3
Independent Examiner’s report to the Parochial Church Council	8
Statement of financial activities	9
Balance sheet	10
Notes to the financial statements	11

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE ASCENSION, BALHAM HILL

Legal and Administrative Information For the year ended 31 December 2020

Charity Name The Parochial Church Council of the Ecclesiastical Parish of the Ascension, Balham Hill. Charity No 1136105. The Parish was established in 1858 and is a charity which was formally registered with the Charity Commission on 2 February 2010. Principal Address Malwood Road, Balham, London SW12 8EN. Governing Document Parochial Church Council Powers Measure (1956) as amended and Church Representation Rules.

Objective Promoting in the ecclesiastical parish the whole mission of the Church.

Members of the PCC The Members of the PCC who served during the year or who were serving at the date of this report were:

Clergy Marcus Gibbs (Vicar) Dorothy Penniecooke (SSM) Tom Collins (Curate) Luke Steven (Curate) Churchwardens Stephen Manning David Archer Elected Lay Representatives David Stewart Jamie Ferguson Karen Wilkins Mark Gulliford Sue Lamming Lay Representatives to the Joanna Cox Deanery Synod

Key Management Those in charge of directing, controlling, running and operating the Church on a day to day Personnel basis are the members of the PCC and the Operations Director. Bankers NatWest Balham Branch 128 Balham High Road London SW12 9AE Independent Examiner John Helm ACA Simply Churches 17 Heathville Road London N19 3AL Quinquennial Ryan Bunce BSc(Hons) DipProjMan PGDipCHE MRICS FRSA Inspector Ryan Bunce & Co 181 Union Street London SE1 0LN

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE ASCENSION, BALHAM HILL

Report of the Parochial Church Council For the year ended 31 December 2020

The Parochial Church Council of the Ecclesiastical Parish of the Ascension, Balham Hill (“PCC”) submits its report and the financial statements of the PCC for the year ended 31 December 2020. The financial statements have been prepared in the format prescribed by the Statement of Recommended Practice: Accounting and Reporting by Charities (SORP2015 (FRS102)) and the Financial Reporting Standard 102. The legal and administrative information set out earlier in this document forms part of this report.

The PCC co-operates with the incumbent in promoting the whole mission of the Church within its Parish and beyond. It also has responsibility for paid staff and the maintenance of the church building, the Vicarage (primary responsibility rests with the Diocese Board of Finance) and the property at Rokeby House.

1. Structure, Governance & Management

1.1 Trustees

The PCC is a body corporate with perpetual succession. The PCC meets monthly during the year and operates through a number of working groups which meet in addition to the full meetings of the PCC. The PCC discusses a full range of matters relating to finance, fabric, general administration and responsibility for keeping of the Electoral Roll. Members of the PCC are either ex officio or elected by the Annual Parochial Church Meeting (APCM) in accordance with the Church Representation Rules.

The induction process for any individual newly-appointed to the PCC comprises an initial meeting with the Vicar and receipt of copies of:

the most recent financial statements
the Charity Commission’s guidance ‘The Essential Trustee’
the booklet ‘Trusteeship: an Introduction for PCC Members’, produced jointly by the Charity Commission and the Archbishops’ Council

1.2 Executive

The Executive has the power to transact any business of the PCC between its meetings, subject to any directives given by the PCC, and in 2020 comprised the wardens, the treasurer and Rev Marcus Gibbs.

1.3 Church Attendance

The electoral roll is completely reviewed and revised once every six years but is updated every year in between. It currently stands at 108.

1.4 Risk Management

The PCC’s primary concern and objective is the discipling of individuals for the glory of God. Whilst it is the PCC’s policy to trust wholly in the Lord that He will work out His purpose to this end, the PCC also acknowledges that it has a responsibility, both as individual Members and as a body of Members, for the identification and proper management of risks faced by the PCC in achieving its primary aim. The PCC has therefore assessed the major risks to which the PCC is exposed, in particular those relating to the specific operational areas of the charity, its investments and its finances. The PCC believes that, by monitoring reserve levels, by ensuring that controls exist over key financial systems, and by examining the operational risks faced by the PCC, it has established effective systems and procedures to mitigate those risks.

Ascension has a number of measures in place to mitigate risk, including a health and safety policy overseen by the Operations Director, a safeguarding policy overseen by the PCC as well as a robust pastoral structure to deal with personnel issues. Financial risk is managed by the bookkeeper and Operations Director who report to both the Treasurer and to the Executive.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE ASCENSION, BALHAM HILL

Report of the Parochial Church Council For the year ended 31 December 2020

1.5 Safeguarding

At Ascension we continue to take our safeguarding responsibilities seriously. 2020 has been a busy year from a safeguarding perspective. As we expand our Community Hub safeguarding challenges have arisen and we have benefitted from excellent advice and support from Diocesan officers on a number of matters throughout the year.

In view of the increased activity in the church it has been necessary to expand our capability from a safeguarding perspective. I am delighted to say that we have been able to appoint a second PSO this year, Tim Aikens. Tim brings a wealth of experience to the role and has completed his leadership in safeguarding training. The PCC considers safeguarding, in its widest sense, at every meeting. Responsibility for day to day oversight of safeguarding has been carried out by Tom Collins. Risk assessments are completed for activities which are reviewed from a safeguarding perspective. Tom Collins has created processes for monitoring the recruitment of volunteers who work with the vulnerable in our community. The system, which relies on Church Suite, also prompts reminders for training and renewal of DBS certification. During the year we responded to the diocese’s review of historical cases which replaced the annual self-evaluation.

2. Activities, Strategies & Public Benefit

The PCC has given due regard to the Charity Commissions’ guidance on public benefit. To this end the PCC organises the following activities in order to enable ordinary people to live out their faith as part of our parish community:

Providing facilities for public worship, pastoral care and spiritual, moral and intellectual development, both for its members and for anyone who wishes to benefit from what the Church offers; and
Promoting Christian values, and service by members of the Church in and to their communities, to the benefit of individuals and society as a whole.

3. Review of the Year

2020 - what a year!

No vicar would have known at the turn of the year that a global pandemic would sweep the world and change everything. But it did.

Any plans or vision for the year had to be completely re-worked in real time from the moment the first lockdown hit in March 2020 and agility has been key to continuing the Ascension mission of growing up, joining in and spreading out with the love of God in Balham and beyond.

Despite the tragedy of 2020, God has worked through and in spite of the pain and suffering of the pandemic. Ascension saw greater growth in Sunday worship attendance, men’s / women’s breakfast attendance, prayer meeting attendance than at any other time in the seven years I have been vicar.

In addition we have seen the greatest increase in our capacity to practically spread out with the love of God in the local community in the areas of emergency food provision, debt service and employment than at any other time in my tenure to date as vicar.

I continue to give thanks to our Lord and Saviour for His goodness to us and want to thank the Wardens, PCC and Staff Team for their amazing partnership in the Gospel in what has been an extremely challenging year.

We give thanks to God that even though He may not save us from the storm, He is with us in it, and continue to look to stay in step with His Spirit during these tumultuous times.

Rev. Marcus Gibbs Vicar

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE ASCENSION, BALHAM HILL

Report of the Parochial Church Council For the year ended 31 December 2020

4. Going Concern

The significant event to have occurred prior to the signing of these accounts has been the lockdown restrictions made necessary by the Covid-19 pandemic, which broke out in early March 2020.

Each year it’s the PCC’s responsibility to state whether or not the annual accounts have been drawn up on a going concern basis (see the accounting policy note on page 22). Going concern is the assumption that an entity, in this case the PCC, has the resources (financial or otherwise) needed to continue operating for the foreseeable future and, in particular, for at least 12 months from the date of approval by the PCC of these annual accounts. If the going concern principle did not apply then the accounts would be drawn up on an insolvent basis.

Clearly, as part of this year’s going concern review, the PCC has had to consider the likely impact of COVID-19 pandemic on its ministry. It has concluded that the financial risks to that ministry have increased slightly as a result of the lockdown restrictions imposed by the Government and the closure of the church building and halls mandated by the central authority of the Church of England. As a result, income from hiring out the church buildings has seen some reduction although payments from Marmalade Owl Nursery, the main source of rental income, have continued as normal. The impact of the lockdown on the finances of our church family members, whose giving provides the bulk of our financial support, remains unclear but it is likely to be moderately adverse.

It is therefore appropriate to prepare the 2020 Accounts on a going-concern basis and it is not necessary to make any adjustment to these accounts as a result of the lockdown restrictions. The PCC will continue to keep both the shortterm and longer-term impact under review and in particular, the 'degree of return to normality' will be actively monitored in the latter part of 2020, with a view to assessing the likely carryover into 2021 and the effect on the 2021 Budget.

5. Financial Review

The PCC’s main sources of funding are the free will offerings of church members and others in attendance at church meetings, and income from the hiring out of the church buildings.

5.1 Financial Activity and Financial Position

The Statement of Financial Activities and Balance Sheet can be found on pages 9 and 10 respectively. The Church’s reserves decreased by £28,486 during the year (2019 – increased by £15,892). The balance sheet shows total net assets of £647,510 (2019: £675,996).

Included in total funds are amounts totalling £11,002 (2019: £5,215) which are restricted. These balances have either been raised for, and their use restricted to, specific purposes, or they comprise donations subject to donor imposed conditions. Full details of these restricted funds can be found in note 10 to the accounts together with an analysis of movements in the year.

5.2 Reserves Policy

The PCC has examined the requirements for free reserves, ie those unrestricted funds not invested in tangible fixed assets. The PCC considers that, given the nature of the church’s work, free reserves should be equivalent to approximately 2 months of operational expenditure (ie staff salaries and building running costs, but excluding Common Fund payments, mission giving and expenditure on special discretionary projects), plus committed future expenditure on other projects, where funds permit. The PCC is of the opinion that this provides sufficient flexibility to cover temporary shortfalls in income and will allow the church to cope and respond to unforeseen emergencies whilst specific action plans are implemented. At 31 December 2020 the church had net free reserves of £272,041(2019: £300,882) as follows:

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE ASCENSION, BALHAM HILL

Report of the Parochial Church Council For the year ended 31 December 2020

Total reserves Less: restricted funds Less: fixed assets Free reserves Free reserves requirement: 2 month’s budgeted routine expenditure	2020	2019 £ 675,996 (5,215) (369,899)
	£

	647,510
	(11,002)
	(364,467)

	272,041	300,882

		70,000
	70,000

5.3 Investment Policy

Funds in excess of immediate working capital requirement are placed in a bank deposit account.

5.4 Grants Policy

The Church makes grants, equivalent to approximately 10% of its incoming resources annually, to support charitable and missionary endeavours both in the UK and abroad. The policy of the PCC is to give grants on the basis that they are subject to annual review and only renewed on the basis of meeting set criteria. The organisations regularly supported include Operation Mobilisation, Homestart, Medair UK and the London Institute for Contemporary Christianity. For details of grants made, see note 4b.

6. Plans for Future Periods

The main projects in the coming periods are renovation of the windows of the church hall and the installation of solar panels on the church hall roof as part of further strengthening our eco-church credentials and safeguarding the integrity of God’s creation.

7. Responsibilities of Trustees for the Financial Statements

The PCC is responsible for preparing the report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. Charity law in England and Wales requires the PCC to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the PCC and of the income and application of income of the charity for that period.

In preparing those financial statements, the PCC is required to:

select suitable accounting policies and apply them consistently;
observe the methods and principles of the Charities SORP
make judgements and estimates that are reasonable and prudent;
state whether applicable accounting standards have been followed, subject to any departures disclosed and explained in the financial statements; and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the activities of the charity will continue.

The PCC is responsible for keeping adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enables them to ensure that the financial statements comply with the Charities Act 2011, the Charity Accounts and Reports Regulations 2008 and the provisions of the governing document. The PCC is also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The PCC is responsible for the maintenance and integrity of the charity and financial information included in the charity’s website.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE ASCENSION, BALHAM HILL

Report of the Parochial Church Council For the year ended 31 December 2020

8. Approval

The report of the PCC was approved by the PCC on 20 April 2021 and signed on its behalf by:

Ooch David Stewart Treasurer

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE ASCENSION, BALHAM HILL

Report of the Independent Examiner to the Parochial Church Council of The Ascension, Balham Hill

I report on the accounts of the Parochial Church Council of the Ascension, Balham Hill for the year ended 31 December 2020, which are set out on pages 9 to 19.

Respective responsibilities of PCC and examiner

The PCC are responsible for the preparation of the accounts. The PCC consider that an audit is not required for this year (under section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is needed. The charity’s gross income exceeds £250,000 and I am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants in England and Wales.

It is my responsibility to:

examine the accounts (under section 145 of the 2011 Act);
to follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145(5)(b) of the 2011 Act); and
to state whether particular matters have come to my attention.

Basis of independent examiners’ report

My examination was carried out in accordance with the General Directions given by the Charity Commissioners. 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 the seeking of explanations from you as 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 examiners’ statement

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

accounting records were not kept in respect of the church as required by section 130 of the Act; or
the accounts do not accord with those records; or
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.

I 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.

7 John Helm Chartered Accountant 20 April 2021

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE ASCENSION, BALHAM HILL

Statement of Financial Activities For the year ended 31 December 2020

Unrestricted Funds 2020 £ 388,459 6,436 92,408 1,289 483		Unrestricted Funds 2019 £ 347,997 21,578 87,099 231 -
	Total
	2020
	£

	414,498
	6,436
	92,408
	1,289
	483

489,075		456,905
	515,114

68,569 454,779 523,348 - (34,273) (34,273) 670,781 636,508		72,863 368,328

	68,569
	475,208

		441,191
	543,777

		-
	177

		15,714
	(28,486)

		15,714 655,067
	(28,486)

	675,996

		670,781
	647,510

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE ASCENSION, BALHAM HILL

Statement of Cash Flows For the year ended 31 December 2020

		Unrestricted	Restricted
		Funds	Funds	Total	Total
	Note	2020	2020	2020	2019
		£	£	£	£
Fixed Assets
Tangible Assets	6	364,467	-	364,467	369,899
Investments	7	-	2,842	2,842	2,665
		364,467	2,842	367,309	372,564
Current Assets
Debtors	8	78,930	-	78,930	6,452
Cash At Bank And In Hand		246,201	8,160	254,361	323,649
		325,131	8,160	333,291	330,101
Creditors - Amounts Falling Due
Within One Year	9	53,090	-	53,090	26,669
Net Current Assets		272,041	8,160	280,201	303,432
Net Assets		636,508	11,002	647,510	675,996

Represented by:
Restricted Funds	10	-	11,002	11,002	5,215
Unrestricted Funds	11	636,508	-	636,508	670,781
Total Funds		636,508	11,002	647,510	675,996

The financial statements were approved by the PCC on 20 April 2021 and signed on its behalf by:

David Stewart Treasurer

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE ASCENSION, BALHAM HILL

Notes to the Financial Statements For the year ended 31 December 2020

1. Accounting Policies

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

Basis of accounting

The financial statements have been prepared under the Charities Act 2011 and in accordance with the Charities Statement of Recommended Practice (Charities SORP (FRS 102)) and Financial Reporting Standard 102 (FRS 102)). The financial statements are drawn up on the historical cost basis of accounting except for the revaluation of freehold land and buildings which are shown at market value.

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 an affiliation to another body or those that are informal gatherings of church members.

The PCC meets the definition of a public benefit entity under FRS 102.

Going Concern

There are no material uncertainties about the charity’s ability to continue as a going concern and accordingly the accounts have been drawn up on a going concern basis.

Income recognition

Voluntary income and donations (including legacies) are accounted for once the PCC has entitlement to the income, it is probable the income will be received and the amount of income receivable can be reliably measured. Income from the recovery of tax on gift aided donations is accounted for in the period to which the relevant donation is received.

The income from trading activities includes rental income from the letting of church premises which is accounted for when earned. It is shown gross, with the associated costs of generating the income included in fundraising costs.

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

Expenditure recognition

Expenditure is accrued as soon as a liability is considered probable, and the amount of obligation can be measured reliably. Longer term liabilities are discounted to present value. The PCC is not registered for VAT and accordingly expenditure includes VAT where appropriate.

Charitable expenditure includes those costs in fulfilling the PCC’s principal objects, as outlined in the Report of the PCC. These include grants payable, governance costs and an apportionment of support costs.

Grants payable are payments made to third parties in furtherance of the PCC’s objects. In the case of an unconditional grant offer this is accrued once the recipient has been notified of the grant award. The notification gives the recipient a reasonable expectation that they will receive the grant. Grants awards that are subject to the recipient fulfilling performance conditions are only accrued when the recipient has been notified of the grant and any remaining unfulfilled condition attaching to that grant is outside of the control of the PCC.
Governance costs comprise all costs involving the public accountability of the PCC and its compliance with regulation and good practice. These costs include costs related to the independent examination and legal fees.

The PCC contributes to certain employees' personal pension plans. These are defined contribution schemes, the assets of which are held separately from those of the charity. The cost in the accounts is the amount of contributions paid and payable during the year.

Taxation

As a charity, the PCC is exempt from tax on income and gains falling within the provisions of the Corporation Taxes Act 2010 or the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen on the PCC.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE ASCENSION, BALHAM HILL

Notes to the Financial Statements For the year ended 31 December 2020

1. Accounting Policies (continued)

Tangible Fixed Assets

Consecrated Property and Moveable Church Furnishings

Consecrated land and benefice property such as the church building and vicarage is excluded from the accounts in accordance with s10 of the Charities Act 2011. Moveable church contents are held by the vicar and churchwardens on special trust for the PCC and require a faculty for disposal are accounted as inalienable property unless consecrated. All expenditure incurred on consecrated or benefice buildings and moveable church furnishings, whether maintenance or improvement, is expensed within the Statement of Financial Activities.

Leasehold Land & Building

The leasehold land and building, represented by the residential accommodation at 29 Rokeby House, Lochivar Street, London is stated at market value. The building will be revalued on a 5 yearly basis and the next valuation is due on 31 December 2021. Depreciation is not provided as the estimated residual value is considered to be the same or higher than the carrying value of the property in the accounts.

Other Fixtures, Fittings & Office Equipment

The cost of other furniture, fittings and equipment, less any expected residual value, is depreciated on a straight line basis over the effective useful life of the asset, which has been estimated as 4 years

Debtors

Debtors are included at the settlement amount due. Prepayments are valued at the amount prepaid.

Cash at bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of opening of the deposit.

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation arising from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are recognised at their settlement amount.

Fund accounting

The funds held by the charity are either:

Unrestricted general funds - these are funds which can be used in accordance with the charitable objects at the discretion of the PCC.
Restricted funds - these are funds that can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE ASCENSION, BALHAM HILL

Notes to the Financial Statements For the year ended 31 December 2020

2. Income

		Total 2019 £ 289,359 53,742 10,000 12,100
	Total
	2020
	£

	294,173
	67,343
	-
	52,982

		365,201 6,703 12,305 2,570
414,498

	8,658
	-
	(2,222)

		21,578 35,848 51,251
	6,436

	52,138
	40,270

		87,099 231
	92,408

	1,289

	483

		474,109
515,114

3. Expenditure on Raising Funds

Unrestricted Funds 2020 £ Restricted Funds 2020 £ Café – staff costs 21,867 - Café – equipment, furniture 2,238 - Café - depreciation 23,036 - Café - supplies 21,428 - 68,569 0				Total 2019 £ 24,917 22,315 7,927 17,704 72,863
		Total
		2020
		£

		21,867
		2,238
		23,036
		21,428


		68,569

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE ASCENSION, BALHAM HILL

Notes to the Financial Statements For the year ended 31 December 2020

4. Expenditure on Charitable Activities

4. Expenditure on Charitable Activities
Unrestricted Funds 2020 £ Restricted Funds 2020 £ Common Fund 82,000 - Church Life & Outreach 99,897 19,969 Missionary & Charitable Giving (note 4b below) 24,820 460 Provision of Office & Support 71,315 - Provision of Buildings and Facilities 175,607 - Governance costs 1,140 - 454,779 20,429			Total 2019 £ 82,000 106,992 46,164 85,716 63,348 1,560
		Total
		2020
		£

		82,000
		119,866
		25,280
		71,315
		175,607
		1,140

			385,780
	475,208

4a. Expenditure – staff costs

In addition to the many volunteers who give their time to the church, there were paid employees whose costs are included within each of the main cost categories of “Expenditure on Charitable Activities” (note 4 above). Their aggregate emoluments were as follows:

	2020	2019
	£	£

	132,301	95,561
	11,723	7,558
	(4,000)	(3,873)
	6,279	4,212

146,303		103,458


	31,576	30,000

These figures exclude the amounts paid to the Diocese for the incumbent and the curates, who are funded through the Common Fund. No employee (2019: nil) received emoluments in excess of £60,000 during the year. The number of staff for whom pension contributions were made during the year was X (2019: 6).

The number of employees during the year was as follows:

2020	2020	2019
Number		Number

	7	6
	-	1

	7	7

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE ASCENSION, BALHAM HILL

Notes to the Financial Statements For the year ended 31 December 2020

4b. Expenditure – Missionary & Charitable Giving

Giving to organisations: Home Start (UK) London Institute for Contemporary Christianity Medair UK Operation Mobilisation Altitude Ski Mission Royal British Legion (Poppy Appeal) Moldova Medair Syria Response International Justice Mission Options Wimbledon Children’s Society Giving to individuals 5. Net Income This is stated after charging: Depreciation of owned assets Independent examination fee	Unrestricted Funds 2020 £ Restricted Funds 2020 £ 4,800 - 4,800 - 4,800 - 4,800 - 500 - 53 47 - - 267 413 - - 4,800 - - - - - 24,820 460				Total 2019 £ 8,312 8,312 8,311 8,311 - - 353 - 3,007 8,312 377 869 46,164
			Total
			2020
			£

			4,800
			4,800
			4,800
			4,800
			500
			100
			-
			680
			-
			4,800
			-

			-


			25,280



			2020		2019
			£		£

			33,167		27,847
			1,140		1,560

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE ASCENSION, BALHAM HILL

Notes to the Financial Statements For the year ended 31 December 2020

6. Tangible Fixed Assets

Cost At 1 January 2020 Additions Disposals At 31 December 2020 Depreciation At 1 January 2020 Charge For Year Disposals At 31 December 2020 Net Book Value At 31 December 2020 At 31 December 2019	Leasehold land & building £ Fixtures, fittings & equipment £ 295,359 198,913 - 27,735 - - 295,359 226,648 - 124,373 - 33,167 - - - 157,540 295,359 69,108 295,359 74,540

			Total
			£

			494,272
			27,735
			-

			522,007


			124,373
			33,167
			-

			157,540


			364,467

			369,899

All of the fixed assets are used for charitable purposes. The leasehold land and building comprises the flat at 29 Rokeby House, Lochinvar Street, London, SW12 8PX which was donated to the church. The value is the average of three valuations supplied by three local estate agents. The flat is currently rented out to provide rental income to the church. The flat was refurbished in advance of it being occupied.

7. Fixed Asset Investments

Market value at beginning of year Additions to investment at cost Disposals Net gain/(loss) on revaluation		2020		2019 £ 2,239 - - 426
		£

		2,665
		-
		-
		177

				2,665
		2,842

The investment is in The CBF Church of England Investment Fund – Income Shares. It is the Moffrey Memorial Trust Fund (see note 11).

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE ASCENSION, BALHAM HILL

Notes to the Financial Statements For the year ended 31 December 2020

8. Debtors

8. Debtors
Income tax recoverable Accrued interest Rent deposit Other debtors		2020
		£

		70,818
		1,150
		2,977
		3,985


		78,930

9. Creditors - Amounts Falling Due Within One Year

9. Creditors - Amounts Falling Due Within One Year
Accruals Other creditors including taxation and social security Other creditors Common Fund arrears (in respect of 2011) Rent deposit	2020	2019 £ 2,610 5,530 5,923 10,648 1,958 26,669
	£

	1,140
	3,643
	42,118
	4,231
	1,958

	53,090

No formal agreement exists for the repayment of the Common Fund debt of 2011 and accordingly has been accounted for within “creditors - amounts falling due within one year” within these financial statements.

10. Restricted Funds

10a Current Year Moffrey Memorial Trust Fund Elderly Fund Other Churches Fund Curate’s Accommodation China Bibles Royal British Legion (Poppy Appeal) Syria Crisis Appeal Information Technology Love Your Neighbour Kingdom Come Prayer Week International Justice Mission Mothers Union Shoebox Glass Door Leaving gifts		At 1 January 2020 £ 2,665 634 479 0 95 47 413 0 0 100 250 50 120 196 166 5,215	Income £ Expenditure £ Transfers £ - - - - - - - - - 12,000 (12,000) - - - - - (47) - - (413) - 1,467 - 12,032 (7,592) - - - - - - - - - - - - - 301 (211) - 240 (166) - 26,040 (20,429) 0	Income £ Expenditure £ Transfers £ - - - - - - - - - 12,000 (12,000) - - - - - (47) - - (413) - 1,467 - 12,032 (7,592) - - - - - - - - - - - - - 301 (211) - 240 (166) - 26,040 (20,429) 0	Income £ Expenditure £ Transfers £ - - - - - - - - - 12,000 (12,000) - - - - - (47) - - (413) - 1,467 - 12,032 (7,592) - - - - - - - - - - - - - 301 (211) - 240 (166) - 26,040 (20,429) 0	Income £ Expenditure £ Transfers £ - - - - - - - - - 12,000 (12,000) - - - - - (47) - - (413) - 1,467 - 12,032 (7,592) - - - - - - - - - - - - - 301 (211) - 240 (166) - 26,040 (20,429) 0	Gains/ (losses) £ 177 - - - - - - - - - - - - - - 177	At 31	At 31
								December
									2020
									£

									2,842
									634
									479
									0
									95
									0
									0
									1,467
									4,440
									100
									250
									50
									120
									286
									240


									11,003

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE ASCENSION, BALHAM HILL

Notes to the Financial Statements For the year ended 31 December 2020

10. Restricted Funds (continued)	At 1 January 2019 £ Income £ Expenditure £ Transfers £ 2,239 - - - 634 - - - 479 - - - 515 10 (525) - 20 75 - - 47 - - - 413 - - - 0 50 (50) - 0 12,100 (12,100) - 100 - - - 0 3,257 (3,007) - 50 - - - 120 - - - 20 677 (501) - 400 - (400) - 0 1,035 (869) - 5,037 17,204 (17,452) 0
10b Prior Year Moffrey Memorial Trust Fund Elderly Fund Other Churches Fund Children’s society China Bibles Royal British Legion (Poppy Appeal) Syria Crisis Appeal Dads & Kids Curate’s Accommodation Kingdom Come Prayer Week International Justice Mission Mothers Union Shoebox Glass Door Moldova Leaving gifts
	At 1 January 2019 £ 2,239 634 479 515 20 47 413 0 0 100 0 50 120 20 400 0 5,037	At 31
		December
			2019
			£

			2,665
			634
			479
			0
			95
			47
			413
			0
			0
			100
			250
			50
			120
			196
			0
			166


			5,215

Descriptions of the main restricted funds are as follows:

Moffrey Memorial Trust Fund. The history and purpose of this fund is currently unclear and is being researched.

Elderly Fund represents funds received for the purpose of support for the elderly.

Other Churches Fund represents funds received for the purpose of giving to other churches.

Moldova Fund represents funds received for the purpose of supporting OM Moldova and their ministry in some of the poorest areas.

11. Unrestricted Funds

11a Current Year General Fund Designated Fund: Mission Giving		At 1 January 2020 £ 670,781 0 670,781	Income £ Expenditure £ Transfers £ 489,075 (499,348) (24,000) - (24,000) 24,000 489,075 (523,348) 0	Income £ Expenditure £ Transfers £ 489,075 (499,348) (24,000) - (24,000) 24,000 489,075 (523,348) 0	Income £ Expenditure £ Transfers £ 489,075 (499,348) (24,000) - (24,000) 24,000 489,075 (523,348) 0	Income £ Expenditure £ Transfers £ 489,075 (499,348) (24,000) - (24,000) 24,000 489,075 (523,348) 0	Gains/ (losses) £ - - 0	At 31	At 31
								December
									2020
									£

									636,508


									0

									636,508

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE ASCENSION, BALHAM HILL

Notes to the Financial Statements For the year ended 31 December 2020

11. Unrestricted Funds (continued)

11b Prior Year General Fund Designated Fund: Mission Giving		At 1 January 2019 £ 655,067 0 655,067	Income £ Expenditure £ Transfers £ 456,905 (399,633) (41,558) - (41,558) 41,558 456,905 (441,191) 0	Income £ Expenditure £ Transfers £ 456,905 (399,633) (41,558) - (41,558) 41,558 456,905 (441,191) 0	Income £ Expenditure £ Transfers £ 456,905 (399,633) (41,558) - (41,558) 41,558 456,905 (441,191) 0	Income £ Expenditure £ Transfers £ 456,905 (399,633) (41,558) - (41,558) 41,558 456,905 (441,191) 0	Gains/ (losses) £ - - 0	At 31	At 31
								December
									2019
									£

									670,781


									0

									670,781

12. Operating Lease Commitments

The total future minimum lease payments under non-cancellable operating leases are payable:

Not later than one year Later than one year and not later than five years		2020		2019 £ 26,989 11,543 38,532
		£

		11,543
		-

		11,543

13. Related Party Transactions and Balances

The house at 124 Alderbrook Road, rented by the church, is occupied rent free by the curate, Tom Collins, for the length of his curacy. The gross cost to the church for rent, council tax, water and service charge totalled £26,946 (2019: £27,003).

The expenses of 5 (2019: 5) members of the PCC amounting to £1,722 (2019: £4,257) in relation to training, travel, subsistence and other expenses, were met during the year.

During the year members of the PCC gave a total of £106,755 (2019: £123,610) in unrestricted offerings and donations during the year.