## **FARNHAM PAROCHIAL CHURCH COUNCIL** **(Registered Charity no. 1138855)** **FINANCIAL STATEMENTS** **YEAR ENDED 31 DECEMBER 2020** **FARNHAM PAROCHIAL CHURCH COUNCIL FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2020** ## **CONTENTS** ||**PAGE**| |---|---| |PCC Information|**1**| |Council Members' Report|**3**| |Independent Examiner's Report|**5**| |Statement of Financial Activities|**6**| |Balance Sheet|**7**| |Notes to the Financial Statements|**8**| ## **FARNHAM PAROCHIAL CHURCH COUNCIL PCC INFORMATION YEAR ENDED 31 DECEMBER 2020** **Principal Address** Parish Office The Rectory Upper Church Lane Farnham Surrey GU9 7PW ## **Parochial Church Council Members** Members of the PCC are either ex‐officio or are elected at the Annual Parochial Church Meeting in accordance with the Church Representative Rules. During the year the following served as members of the PCC: **Clergy** The Reverend David Uffindell The Reverend John Marrow **Churchwardens** Alan Butler retired 11.10.2020/Martin Eberhardt appointed 11.10.202 Caroline Walker **Elected PCC Representatives** Paul Clifford ‐Hon Treasurer Matthew Elliott retired 11.10.2020/Alan Butler appointed 11.10.2020 Kate Gray retired 11.10.2020 /Diana Martin appointed 11.10.2020 Richard Haines Emily Hislop ‐ Secretary Mary Hollocks ‐ Deputy Warden Lucy Jacob retired 11.10.2020/Louis Perry appointed 11.10.2020 Mary Riggs Roy Picken retired 11.10.2020 Gideon Reeves appointed 11.10.2020 Andrew Partridge retired 11.10.2020/Sian Platt appointed 11.10.2020 Trevor Walker **Deanery Synod Representative** Sian Platt Gideon Reeves Geoffrey Riggs **Licensed Lay Ministers** Andrew Partridge Viv Picken retired 11.10.2020 1 ## **FARNHAM PAROCHIAL CHURCH COUNCIL PCC INFORMATION** ## **YEAR ENDED 31 DECEMBER 2020** |**Honorary Treasurer**|Paul Clifford| |---|---| |**Honorary Secretary**|Emily Hislop| |**Bankers**|CAF Bank| ||25, Kings Hill Avenue| ||Kings Hill| ||West Malling| ||Kent| ||ME19 4JQ| ||NatWest Bank plc| ||P.O. Box 7| ||39, The Borough| ||Farnham| ||GU9 7NR| |**Independent Examiner**|Independent Examiner| ||Jason Foxwell| ||independent‐examiner.net| ||39 Enfield Way| ||Poole| ||Dorset, BH15 3LJ| 2 ## **FARNHAM PAROCHIAL CHURCH COUNCIL COUNCIL MEMBERS' REPORT YEAR ENDED 31 DECEMBER 2020** The Council Members present their report with the financial statements of the charity for the year ended 31 December 2020. ## **Legal status** Farnham Parochial Church Council forms part of the diocese of Guildford. It is registered as a charity with the Charity Commission, with registration no. 1138855. ## **Objectives and Activities of the PCC** The PCC has the responsibility of co‐operating with the incumbent Rector in promoting the whole mission of church: pastoral, evangelistic, social and ecumenical, within the ecclesiastical parish. The PCC also has the responsibility for the clergy house at 6, High Park Road, Farnham. ## **Public Benefit** The PCC is committed to serving all persons who live in the Parish of Farnham. The clergy are available to me the pastoral needs of all parishioners.The PCC maintains the church building which is open every day and is available for community groups and organisations in Farnham. The PCC is committed to welcoming all perso Farnham to become part of the parish community. ## **Achievements and Performance** 2020 Has been such a strange year for us all. After the uncertainty of the first few weeks, we went into lockdown the day following Mothering Sunday. Since when, we have followed government guidelines and have developed a significant online presence in the community. We are most grateful to those who transitioned us onto an online presence that reached out into our community and as demonstrated below, all the church family have responded wonderfully to the challenges Covid has brought. Our new sound and vision system has greatly helped with this, plus the expertise of a small number has made the transition to online worship very straightforward indeed. Our LLM, Andrew Partridge, and our Authorised Preacher, Mary Haines, have continued to provide much valued help and support in leading services and in preaching. We were delighted, in April, to welcome Josey Wisdom, as our new Children’s Youth and Families Minister Josey comes with great experience in this area of ministry and, although almost all her work has been virtual so far, has made a tremendous impact. Our new Kids Online Service has proved popular with families. In November, we said farewell to our LLM, Viv Picken, and her husband Roy who retired on 11.10.2020. We are very grateful to them both for their ministry amongst us. Of course, all our work with and encouragement of St Andrew’s School, Potters Gate School, South Farnham School and The Abbey School has become more remote. Our weekly assemblies have become Zoom events! Our Pastoral Team has organised a telephone network to keep in touch with those unable to get out and about; and we have been able to bless our community with a variety of cards and gifts for the GPs, medical teams in the hospital, local businesses and shops, and those in the residential care homes in the parish. Our Outreach and Community programme took an imaginative turn: daffodils for Mothering Sunday, Palm Crosses for Palm Sunday, Activity Packs for V.E. Day, Treasure Hunt around the town for the summer holidays, open‐air Remembrance Day, scaled‐back FOSTA AGM with a wonderful speaker, Civic Carol service pre‐recorded, and Christingle in a Bag on Christmas Eve. And finally, we are so very grateful for the ministry of our curate, The Revd John Marrow, who is now in his third year and is beginning to think about moving on and exploring next steps. Please do remember John and the family in your prayers. ## **Financial Review** In 2020 we received £101,122 (2019:£294,106) unrestricted income for the general running of the church. To income from investments was £6,668 unrestricted income (2019: £6,881) . The overall result for the year was an excess of expenditure over income of £79,407 unrestricted funds after taking into account the positive change in the market value of investments of £18,177 unrestricted. During the year we were grateful to receive from The church House Trust an external trust to the PCC the su £ 11,766.60 to cover the costs of double glazing to the Property at High Park Rd. We have paid in the year a d and at year end were waiting for installation with a balance to pay of £8,824.95. ## **Investments** The investments are held with the Central Board of Finance Church of England Funds and COIF Charity Funds and Charles Stanley. Valued at £232,668 at 31 December 2020 (2019: £260,694). A transfer of funds between restricted to unrestricted funds of £135,107 related to note 15 in 2019 accounts this adjustment passed during this year rather than 2019. During 2020 the sum of £24,055.90 was transferred from our designated fund to cover salary costs of our youth minister, of this £18,485.51 related to 2020 and the balance of £5,570.39 to 2021 3 COUIICIIMEMMS, R￿(lITiC￿￿￿￿O> ¥EARE1K1￿jl DE￿￿￿tIo10 It IsthepollryofthePCCtD ￿•￿taIn￿re&trfCt￿1knO￿￿hb(h￿ethèfr￿rÈ￿￿atalE￿ whlche¥L4ryte510 btheEnftveand n￿￿e￿l￿￿￿nrest￿CE￿eXpendrtv￿TIU5pro￿d2S9￿￿U•￿lUfftds￿cwor￿l￿cha￿trble tKp*dlture.IncludlrrftheParlthSh3rppaY¥JletotheThom.P￿3I0tta)￿Er2020thIrÈttrthJfvD￿S￿￿oYntaI to£346.034wMth apr￿MIM￿¢st0IOrt*)tythsQfunr&￿tt￿da[oXffiIVr1&Wduet0 paid￿￿k•p￿*1lureWasVI￿1 belownomlal. Theffjalorri5k5towhIchtkPCC15e4p￿￿.¥$Id￿tlflaItsY￿PccM￿ThWI￿ebe￿r&￿eW￿￿K1￿￿n5 ha%*bEen Implomtrtyj ￿MItI￿1eth￿f1skÈ strKtUre￿Go￿Th•ce &M•iw*t Thele831 Stat￿10fthech￿tyI5s&o￿ats￿t Mernber50ftheParothialChvrchthunEII areelttred P*LKhfjl thwchPkntiftgf*p(J•n. 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CouncllM•thbErs' Re¥0￿1￿[1 Thecouncil V£rnbersarerequir￿topr￿p3re(tr8￿hfi￿￿csa1￿.fiw1al5t￿eM￿￿￿[th¥*8trw8fyd fairvi￿oIthestdtÈI7Fth1rsofthePCC￿other*￿Jltsfor1heF￿¥lInWW1￿thefits14￿t*S￿nthtsthe Coufflcll Manbw5arerwuire4to'. .￿ett￿lL>biexC0Un￿ts8p￿lIdeSand￿rAYih￿)ItLmth￿￿. -make1ud￿￿ts1￿￿e51lMa*esthat¥ere8¥j￿￿eaThd pwthl: .Statewhtthw4)pficabJex£O￿t1￿8st￿ardShWet*￿￿￿l￿￿&￿.￿￿i&ito￿￿rn3t£r￿dQp*iuresdqth andeKp1*ne￿Inther1n4￿llal -PTewethefinanclal statenI￿onth￿Vj1nsConcerntiOg$￿kn1t151r£pp￿￿e￿l￿e￿rneth[5b*$ TheCowcFI membws¥e￿sptsn9blefo￿en9ffiryl￿atp[qV￿￿Jtiti￿I￿ords¥¢￿w1H£hdSc￿*1th rEa50Trableaccuw*wytlTh¢thefinrri* p￿illOn0ft￿epCCM￿are￿￿￿￿t4ef0fS*VTrardi￿sth a55*Soft￿PCcafidlIencefortr￿ln&r￿￿0Trab1e￿tWts￿￿E￿￿dd&ttttr￿1￿d0thtrlrr￿1￿1ti b OrderofthePar￿hIl thUrthc¢w￿Il0n io1i*yy￿loTrltstsehaIbr. FARNHAM PARCKHIALCHURCH COUNCIL INDEPENDEr￿ExAm1￿ER'S REP yEAR￿IDED JI DECEMBB12020 INDEPE14DENTEXAMINBi'5 REpoKfioiHEPARLKHIALCHURCH C(MJNaLCFFARNHAM I report to thecouncll Members fTru5tees°l on M¥e￿mination of the accounts of Famham ParochSal Church Council (￿heCharIty°j fortheyearended 31 December 2020. which are5Ltouton p4￿Sl￿t0 fourteen. Resp0nslbtlltles￿d ba5is(rfreptyt A5Trustee5 of theCh¥lty. you are responybleforthÈpreparation oftheaccourt5 in accordancewith the requirements oftheCharitiesP£t 2011 Trhektl. I report in respect of myexamination of theTrustees' xcountscarrid out undu sKtion 145 ofthe2011 kt and in carryin8OUt myvAamination I havefollowed al the¥pli¢ableDirÈttions8lv￿ bythech￿itY Commi5Ston vndwsectÉon 145151 Ib}of the2011 kt. Independent Examinei'$5t&ement I havecompleted myexamlnation. I confirm that no material matters havecometo my att￿ti¢J￿ in connection with the examination glving mecauseto bdiLvethatiD anym*erial r￿p£ft. 111 accounting r￿OrdSwere not kq)t In respttt of theCharltya5required by5ertion 130 of theAct,' or 12) theaccounts do not accord with thoserKords-or 13) theaccovnts not complywith the•pli¢able re4ulremwts¢oncunlngtheform content of accounts set out in theChwitie5 (kcountsand Reports) Regul*ion5 2008 otherthan any requirementthat theaccountswvea ￿rue￿d fairvierfwhith isnot a matterconsldered as part of an irtdependknt examination. I haveno concernsand have comeacroEno other mattwsin connettion wth theexamlnatlon to which attention Should bedrawn In thls r￿￿rt in orderto ￿4)Ie?prOp￿ understandingoftheatcounts to bereached. Independent Examin Ja50n Foxwdl 1ndependent-examiner.net 39 Enfidd Way Poole Dorset, BH15 3U Date: 18 May 2021 ## **FARNHAM PAROCHIAL CHURCH COUNCIL STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 DECEMBER 2020** |**Notes**
**INCOME FROM**
Donations and legacies
**2**
Charitable Activities
**3**
Investment Income
**4**
Other income
**4b**
**Total**
**EXPENDITURE ON**
Raising funds
**Charitable Activities:**
Direct Charitable Activities
**5**
Administration expenses
**7**
**Total**
Net gains/(losses) on investments
**12**
**NET INCOME/ (EXPENDITURE)**
**Transfers between funds**
**Net movement in Funds**
**8**
**RECONCILIATION OF FUNDS**
**Total funds brought forward at 01.01.20**
**TOTAL FUNDS CARRIED FORWARD at 31.12.20**
**15**|**Unrestricted**
**Funds**
**£**
82,523
5,642
6,668
6,289
101,122
0
185,994
12,712
198,706
18,177
(79,407)
(79,407)
425,441
346,034|**Restricted**
**Funds**
**£**
0
‐
0
0
0
‐
‐
‐
0
0
0
239
239|**31.12.20**
**Total**
**Funds**
**£**
82,523
5,642
6,668
6,289|**31.12.19**
**Total**
**Funds**
**£**
264,924
17,298
6,881
5,003| |---|---|---|---|---| ||||101,122
0
185,994
12,712
198,706
18,177
(79,407)
‐
(79,407)
425,680
346,273|294,106
494
253,769
12,897| |||||267,160
26,531| |||||53,477
‐| |||||53,477
372,203| |||||425,680| 6 FARNPIAM PAR(KHIALCHUbKHc¢xllioL BALANCESHEEr 31 DECEMBER 2020 31.12.20 Total Funds 31.12.19 Total Funds iknre5trirted Restricted Fund5 FIXEDASSETS Tangiblefixed 355ets Inve5tment5 16.224 232,429 16.224 232,668 18,364 260.694 12 239 248,653 239 248,892 279,058 CURRENT ASSEIS Debtors Cash at b￿)k 1.700 153.177 102,868 lo2￿68 102.868 102,868 154,877 CREDttORS Amountsfdlin8duewlthin oneyear 14 5.487 5.487 8,255 NEfcuRREiifASSEYS 97,381 97.381 146.622 TOTALAS5E15LESSCUIIRENr UABILtItES 346.034 239 346.273 425.680 N￿A$sEv5 346.034 239 346.273 425,680 FUNDS U￿r￿lI¢¢edfvnd5 Restritt￿l funds 15 15 346.034 239 425.441 239 TOTAL FUNDS 346.273 425.680 Thèfinancial stateM￿t$W￿eapProv￿I bytheParochial Churth Council on_ eslgned on itsbehalf by: 13 May.- ..2021and ndell4ect p. arfkxd-Trea5wer ## **FARNHAM PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2020** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements.** The financial statements of the charity, which is a public benefit entity under FRS 102, 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 2015)', FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", the Charities Act 2011 and the Church Accounting Regulations 2006. The financial statements have been prepared under the historical cost convention except for the valuation of investment assets, 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 their main affiliation to another body nor those that are informal gatherings of church members. ## **Incoming resources** a) Collections are included in the financial statements when received by or on behalf of the PCC. b) Planned giving receivable under Gift Aid is included in the financial statements when received by the PCC. c) Income tax recoverable on Gift Aided income is included in the financial statements when the income is receivable. d) Legacy income is accounted for when receivable. e) Grant income is accounted for when receivable. ## **Resources Expended** Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Grants and donations are accounted for when paid over or when awarded, if that award creates a binding or a constructive obligation on the PCC. ## **Tangible Fixed Assets** Consecrated and benefice property is excluded from the accounts by S. 10 (2) (a) of the Charities Act 2011. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Freehold property 2% on a straight line basis Computer Equipment 33.3% on a straight line basis Fixtures and fittings 33.3% on a straight line basis ## **Investments** Investments are valued at their closing mid‐market value at the Balance Sheet date. Any gains or losses on revaluation are taken to the Statement of Financial Activities. ## **Taxation** The PCC is exempt from tax on its charitable activities. ## **Fund Accounting** Unrestricted funds represent the funds of the PCC that are not subject to any restrictions governing their use and are available for application on the general purposes of the PCC. These include funds designated for a particular purpose by the PCC. Restricted funds represent either income from trusts or endowments which may be expended only on those restricted objects provided in the terms of the trust or bequests or donations or grants received for a specific object or invited by the PCC for a specific object. These funds may only be expended on the specific object for which they were given. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. 8 **FARNHAM PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2020** ## **2. DONATIONS AND LEGACIES** |Donations: giving by standing order
Donations: giving by envelope
Donations: Digital Receipts
Donations and appeals
Gift Day Donations
Sundry income and donations
Collections at services
Income tax recoverable via Gift Aid
Sound and vision and St Andrews building
Other Grants received
Legacies
**3. INCOME FROM CHARITABLE ACTIVITIES**
Funeral and wedding fees received
Church lettings and rent of property
Fundraising events and other income:
Parish Fayre
Christmas Tree Festival
Winterfest
Magazines
**4. INVESTMENT INCOME**
Deposit account interest and dividend income
**4b. OTHER INCOME**
VAT refund charity grant
**5. EXPENDITURE ON DIRECT CHARITABLE ACTIVITIES**
Ministry costs: Parish Share
Ministry costs: other
Children & youth expenses including cost of Children's Worker
St. Andrew's Church running expenses and repairs
St. Francis's Church running expenses and repairs
Parish Office running expenses and repairs
Mission and outreach (see note 6)
Lay salaries and fees
Insurance
Rectory running expenses and repairs
High Park Road management fee and expenses
Sound & Vision/Building Refurb|31.12.20
£
62,158
1,015
437
1,236
0
2,068
2,211
13,398
0
0
0
82,523
31.12.20
£
4,208
1,434
‐
‐
0
‐
5,642
31.12.20
£
6,668
31.12.20
6,289
31.12.20
£
83,536
4,431
19,402
24,207
2,230
4,362
7,656
17,014
6,696
1,171
308
13,304|31.12.19
£
65,379
7,084
287
1,709
4,895
13,971
10,722
18,945
125,886
13,547
2,500| |---|---|---| |||264,924| |||31.12.19
£
4,152
7,297
0
5,850
‐
0| |||17,298| |||31.12.19
£
6,881| |||31.12.2019
5,003
31.12.19
£
81,554
6,534
7,525
56,652
1,216
1,341
7,425
20,274
6,870
1,055
2,207
57,611| 9 Other expenses 1,675 3,505 185,994 253,769 ## **FARNHAM PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS** ## **YEAR ENDED 31 DECEMBER 2020** ## **6.MISSION AND OUTREACH** |Farnham Christian Community Trust :
collections
Children's Society*, **
Money Advice Centre
Tearfund
Church Mission Society
Christian Aid
Disability Challengers*,**
Change of Scene
Farnham Assist
Creative Response*,**
Crisis at Christmas*,**
Farnham Foodbank*,**
Challengers
Sub Total PCC 10% giving
Items marked * represent collections taken at Harvest, Advent & Christmas
services donated to the charities indicated in 2020 (2019 equivalents marked **.)
Other expenses donations
**Total**
**7. ADMINISTRATION EXPENSES**
Parish office expenses
Professional fees
Other expenses
**8.NET MOVEMENT IN FUNDS**
Net movement in funds is stated after charging:
Independent Examiner's fee
Depreciation‐ owned assets|31.12.20
£
750
750
‐
600
650
600
‐
‐
600
750
750
750
750
6,950
706
7,656
31.12.20
£
4,362

‐
8,350
12,712
31.12.20
£
720
2,140|31.12.19
£
700
675
675
675
675
‐
300
700
700
700
600
‐
‐| |---|---|---| |||6,400| |||1,025| |||7,425| |||31.12.19
£
5,444
1,902
5,551| |||12,897| |||31.12.19
£
720
3,291| ## **9. PCC MEMBERS' REMUNERATION AND EXPENSES** There were no PCC members' remuneration or other benefits for the year ended 31 December 2020 (2019: £nil.) David Uffindell, a member of the PCC, was reimbursed expenses of £2,136 for the year ended 31 December 2020 (2019: £2,331) in respect of travel, telephone, books & sundry other expenses. John Marrow, a member of the PCC, was reimbursed expenses of £1,127 for the year ended 31 December 2020 (2019: £887) in respect of travel and books. 10 ## **FARNHAM PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2020** ## **10. STAFF COSTS** |**10. STAFF COSTS**||| |---|---|---| |Wage and salaries
Pension costs
The average monthly number of employees during the year was as follows:
Administration|31.12.20
£
27,921
133
28,054
2|31.12.19
£
20,220
124| |||20,344| |||2| All staff are part‐time. The equivalent number of full‐time employees is 1 (2019: 1). No employee received remuneration above £60,000 per annum in either 2020 or 2019. ## **11. TANGIBLE FIXED ASSETS** |**COST**
At 1 January 2020
Additions
At 31 December 2020
**DEPRECIATION**
At 1 January 2020
Charge for year
At 31 December 2020
NET BOOK VALUE
At 31 December 2020
At 31 December 2019|Freehold
Property
£
31,200
‐
31,200
14,352
624
14,976
16,224
16,848|Fixtures &
Fittings
£
24,260
‐
24,260
22,875
1,385
24,260
‐
1,385|Computer
Equipment
£
1,587
‐
1,587
1,456
131
1,587
‐
131|Total
£
57,047
‐| |---|---|---|---|---| |||||57,047| |||||38,683
2,140| |||||40,823| |||||16,224| |||||18,364| The freehold property comprises one clergy house situated within the parish at 6, High Park Road. In the opinion of the Members of the Parochial Church Council, the value of the property at 31 December 2020 was £606,000. 11 ## **FARNHAM PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2020** |**12. INVESTMENTS**||| |---|---|---| |**Market value**||£| |At 1 January 2020
Disposals at carrying value
Gain on revaluation of assets
At 31 December 2020||260,694
(45,237)
17,211
232,668| |**Historical Cost**
At 1 January 2020 and 31 December 2020
Unrestricted investments are held in the CBF Church of England Investment Fund, the CB
of England Fixed Interest Securities Fund, the COIF Charities Investment Fund|F Church|195,720| |and investment held with Charles Stanley as invested in 2019.||| |**Analysis of net investment gains and losses**
Realised gain on investments disposed in year
Unrealised gain on revaluation of assets||£
966
17,211| |Net investment gains and losses on investments||18,177| ||31.12.20
£
0
0
31.12.20
£
575
3,036
1,608
268
5,487|31.12.19
£
1,700
1,700
31.12.19
£
8,125
130
‐
8,255| |**13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||| |Other debtors
**14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Accruals and deferred income
Tax and social security
Other creditors
Income Received in Advance||| 12 ## **FARNHAM PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2020** ## **15. MOVEMENT IN FUNDS** |**15. MOVEMENT IN FUNDS**|| |---|---| |**Unrestricted funds including designated funds**
General fund
PCC Investments (Charles Stanley)
Conservation & Development Designated Fund
Ministry costs CYF Minister Designated Fund|Incoming
Resources
Net gain/(loss)
Transfers
At 1.1.20
Resources
Expended
on investments
between funds
At 31.12.20
£
£
£
£
£
£
168,489
101,122
(198,706)
639
24,056
95,600
104,050
0
0
9,601
113,651
0
0
0
0
152,902
7,937
(24,056)
136,783| |**Unrestricted Funds Total**|425,441
101,122
(198,706)
18,177
‐
346,034| |**Restricted Funds**
Curates' Residence Fund
Curates' Stipend Graham Nash Fund
Sundry Specific Donations Restricted Fund|0
‐
‐
‐
0
‐
239
239| |**Restricted Funds Total**|239
0
0
0
0
239| |**TOTAL FUNDS**|| ||**425,680**
**101,122**
**(198,706)**
**18,177**
**0**
**346,273**| ## **Conservation & Development Fund** The Conservation and Development Fund was established to pay for work associated with essential repairs to the roof and tower and for improvements and additions to the interior of St Andrew's Church. ## **Ministry costs CYF Minister Designated Fund** ## Designated these monies to fund salary and pension costs for a Children, Youth and family (CYF) minister.This is made up of cash of £18,005 and investments of £118,778 valued 31/12/2020 £24,056 of these funds during 2020 were transferred to general funds to offset 2020 costs of our CYF minister, and £5570 for 2021 costs. ## **Sundry Specific Donations fund** This was created to record donations in respect of specific projects or items, and the corresponding expenditure as a permanent endownment ## **16. CONTINGENCIES AND COMMITMENTS** ## **St. Andrew's Church** A quinquennial report was carried out in January 2017 and this identified some necessary repairs. During 2019, some of the repairs were completed but there still remains significant work. The estimated cost of completion at start of 2020 was £32,000. c£16,538 was completed in 2020 leaving c £15,462 to complete . This excludes repairs to the tower, which cannot be quantified at present. In addition the 2020 budget included £37,000 for the improvement to Church lighting. due to the pandemic this was not done. ## **17. RELATED PARTY TRANSACTIONS** There were no related party transactions during either the year ended 31 December 2020 or the year ended 31 December 2020. 13 ## **FARNHAM PAROCHIAL CHURCH COUNCIL STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 DECEMBER 2020** ## **18. 2019 RESULTS FOR COMPARATIVE PURPOSES** |**INCOME FROM**
Donations and legacies
Charitable Activities
Investment Income
Other income
**Total**
**EXPENDITURE ON**
**Raising funds**
**Charitable Activities:**
Direct Charitable Activities
Administration expenses
**Total**
**Net gains/(losses) on investments**
**NET INCOME/ (EXPENDITURE)**
**RECONCILIATION OF FUNDS**
**Total funds brought forward at 1.1.19**
**TOTAL FUNDS CARRIED FORWARD at 31.12.19**|**Unrestricted**
**Funds**
**£**
264,924
17,298
6,881
5,003
294,106
494
253,769
12,897
267,160|**Restricted**
**Funds**
**£**
‐
‐
‐
‐
‐
‐
‐
‐
‐|**31.12.19**
**Total**
**Funds**
**£**
264,924
17,298
6,881
5,003| |---|---|---|---| ||||294,106| ||||494
‐
253,769
12,897| ||||267,160| ||||| ||27,448
54,394
235,940
290,334|(917)
(917)
136,263
135,346|26,531| ||||53,477
372,203| ||||425,680| ||||| 14 ## **FARNHAM PAROCHIAL CHURCH COUNCIL DETAILED STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 DECEMBER 2020** |**INCOME**
**Donations and legacies**
Donations‐ giving by standing orders
Donations‐ giving by envelope
Donations Digital Receipts
Collections at all services
Income tax recoverable via Gift Aid
Sundry income & donations
Legacies and Trusts
Donations and appeals
Sound & Vision Grant Income
Grants received
Gift Day donations
**Charitable Activities**
Parish Fayre income
Christmas Tree Festival
Winterfest
Magazines
Church hall lettings, rent, etc.
Funeral and wedding fees received
**Investment income**
**Other income**
VAT Refund ‐ List Place of Worship
Flowers, books & sundries
**TOTAL INCOME**|**Unrestricted**
**Funds**
**£**
62,158
1,015
437
2,211
13,398
2,068
0
1,236
‐
‐
0
82,523
‐
‐
‐
‐
1,434
4,208
5,642
6,668
6,289
0
101,122|**Restricted**
**Funds**
**£**
‐
‐
‐
‐
‐
‐
‐
‐
‐
‐
‐
0
‐
‐
‐
‐
‐
‐
‐
‐
‐
‐
0|**31.12.20**
**Total**
**Funds**
**£**
62,158
1,015
437
2,211
13,398
2,068
0
1,236
0
0
0
82,523
‐
‐
‐
‐
1,434
4,208
5,642
6,668
6,289
0
101,122|**31.12.19**
**Total Funds**
**£**
65,379
7,084
287
10,722
18,945
13,971
2,500
1,709
125,886
13,547
4,895| |---|---|---|---|---| |||||264,924| |||||0
5,850
‐
0
7,297
4,152| |||||17,298| |||||6,881| |||||4,811
192| |||||| |||||294,106| This page does not form part of the statutory financial statements 15 ## **FARNHAM PAROCHIAL CHURCH COUNCIL** **DETAILED STATEMENT OF FINANCIAL ACTIVITIES (continued) YEAR ENDED 31 DECEMBER 2020** |**EXPENDITURE**
**Raising funds**
Fundraising expenses
Magazine & appeal literature
**Charitable Activities**
**Direct charitable activities**
Mission and outreach
Ministry costs:
Parish Share
Other
PCC Giving
Children & youth expenses incl Children's Worker cost
St. Andrew's Church running expenses and repairs
St. Francis's Church running expenses and repairs
Parish Office running expenses and repairs
Rectory running expenses and repairs
High Park Road management fees and expenses
Insurance
Lay salaries and fees
Bookstall expenses
Flowers, hospitality & sundries
Sound & Vision/Building Refurb
Depreciation
**Administration expenses**
Parish office expenses
Independent Examiner's remuneration
Sundries
Depreciation of assets used in governance
Bookkeeping
Professional fees
**TOTAL RESOURCES EXPENDED**
Net income (expenditure) before investment gains|**Unrestricted**
**Funds**
**£**|**Restricted**
**Funds**
**£**|**31.12.20**
**Total**
**Funds**
**£**
0
0
0
706
83,536
4,431
6,950

19,402
24,207
2,230
4,362
1,171
308
6,696
17,014
124
35
13,304
1,516
185,994
4,362
2,735
1,290
624
3,700
0
12,712
198,706
(97,584)|**31.12.19**
**Total**
**Funds**
**£**
0
494
494
1,025
81,554
6,534
6,400
7,525
56,652
1,216
1,341
1,055
2,207
6,870
20,274
151
410
57,611
2,944
253,769
5,444
720
3,662
347
822
1,902
12,897
267,160
26,946| |---|---|---|---|---| ||‐
0|‐
‐||| ||0|0||| ||706
83,536|‐
‐||| ||4,431|‐||| ||6,950|‐||| ||19,402
24,207
2,230
4,362
1,171
308
6,696
17,014
124
35
13,304|‐
‐
‐
‐
‐
‐
‐
‐
‐
‐
‐||| ||1,516|‐||| ||185,994
4,362
2,735
1,290
624
3,700
‐
12,712
198,706
(97,584)|0
‐
‐
‐
‐
‐
‐
‐
0
0||| |Net gains/(losses) on investments|18,177|‐|18,177|26,531| |**NET MOVEMENT IN FUNDS**|||(79,407)|53,477| ||(79,407)|0||| This page does not form part of the statutory financial statements 16