2020-12-31-accounts

				Unrestricted	Restricted	Endowment	XQXhL	TQTAL
				Funds	Funds	Funds		Em@
							BlJPM	~12.1+
Income and Endowments	from:
Donations and Legacies			2a	50,728	21,586		72,314	52,001
Charitable Activities			2b	1,427			1,427	1,030
Other trading activities			2C	18,087			18,087	29,590
Investments			2d	277			277	352
Other Income			2e
Total incoming resources				70,519	21,586		92,105	82,973
Resources expended
falsi ngfunds			3a	51			51	50
Charitable Activities			3b	66,482	2,935		69,417	77,859
Other trading activities			3C	4,455			4,455	13,111
Total Resources expended				70,988	2,935		73,923	91,020
Net incoming (outgoing) resources				(469)	18,651		18,182	(8,047)
Other recognised gains/losses
GainstPosses) on revaluation		offixed
assets
Gains/(losses) on investment		assets	8					972
Net movement offunds				(44)	18,651		18,607	(7,075)
Total funds brought forward January 2020		at 1st		51+35	3,188	1,250	55,673	62,748
Total funds carried forward		at31st
December 2020				51,191	21,839	1/50	74,280	55,673

			Note		2020	2019
Fixed Assets
Intangible	assets
Tangible fixed Assets			8b		?6,319	26,319
Heritage Assets
Investment	Assets		Sa			6,172
Total fixed	assets				32,916	32,491
Current Assets
Stock
Debtors				6g65		2,753
Short Term Deposits				21,670		21,670
Cash atBank	and in hand			15@15		2,881
Total current	assets			43@50		27,304
Liabilites
Creditors: amounts		falling due within one
yeai'						(4,122)
Net current assets					41@64	23,182
Total assets less current liabiVities					74@80	55,673
FUNDS			9
Unrestricted funds			13		51,191	51~5
Restricted	funds		13		21,839	3,188
Endowment	funds		13		1,250	1,250
					74+80	55,673

				Total	Total
				Funds	Funds	Notes
				2020	2019
Cash flows from operating activities
Pet cash provided by (used in) operaling		actlvi lies		12,129	(6,976)
Cash flows from investing activities
Dividends, interest and rentsjom investments				305	351
Proceedfrom the sale ofproperly, plant	and equipmenl
Purchase ofproperty, plant and equipment
Proceedfrom the sale %nvestments
Purchase ofinveslments
Pet cash provided by (used in) investing	activities			305	351
Cash flows from flnancing activities
Repayment ofborrowing
Cash ittfiowsjom new borrowing
Receipt ofendowmenl
Change in cash and cash equivalents in the reporting			period	12,434	(6,625)
Cash and cash equivalents at the beginning ofthe reporting period				24,551	31,176
Cash and cash equivalents at the end ofthe reporting			period	36,985	24,551
Reconciliation ofnet incomel(expenditure)		to net cash flow from operating
activities
Pet incomel(expenditure) for the reporting		period (asper statement of
financial activities				18,182	(8,047)
Adjustments for:
Depreciation charges
(Gains)/Losses on investments
(Dividends, inlerest and rentsfrom investmenb)				(305)	(351)
Loss/(Profit) on the sale of fixed assets
(increase)/decrease in stocks
(increase)/decrease in debtors				(4,211)	537
increasel(decrease) in creditors Net cash provided by (used in) operating		activities		(1,537) 1?„1?9	8&5 ~6876

d)	Investment income
—Dividends are accounted for when due and payable. Interest entitlements are accounted				for as they accrue.
e)	All other income
	All other income is recognized in accordance with the above overall policy.
f)	Gains and losses in investments
	Realised gains are recognized when the investments are sold.
	Unrealised gains and losses are accounted for on revaluation at 31December
	Expenditure
	Expenditure is recognised when there is evidence ofentitlement,	payment		is probable,		and	the
amount	can be measured reliably
a)	Grants
	Grants and donations are accounted for when paid over, or when awarded where the award creates						a
	binding obligation on the P.C.C.
	Church Activities
	The diocesan parish share is accounted for on an annual basis, refiecting the		allocation set		by	our Deanery.
	Any parish contribution unpaid at 31December isprovided forin these accounts			as an operational			(though
	not a legal) liability and is shown as a creditor in the balance sheet.
	Fixed assets
i.	Tangible Gxed assets
	Consecrated and beneficed property ofany kind is excluded &om the	accounts by s.10(2)ofthe Charities
	Act 2011.Movable church furnishings held by the Rector and Churchwardens		on	special trust		for the
	P.C.C.and which require afaculty for disposal are accounted as inalienable		property unless consecrated.
	They are listed in the church's inventory, which can be inspected but	are not	included in the financial
	statements. Forother property acquired prior to 2000 there is insuKcient cost information				available			and
	therefore the cost ofsuch assets is not stated in the financial statements.
	AII expenditure on consecrated orbeneficed buildings and individual	items costing under X1,000are
	written offwhen they were incurred.
	Depreciation
	Depreciation is calculated to write down the costoftangible fixed assets, excluding &eehold properties,
	over their expected useful lives. The rates generally applicable are:
	Fixtures and fittings 20%
	Audio Visual equipment 33%
	Office equipment 25%
	No depreciation is provided on &eehold buildings as the useful economic life ofthese assets exceeds							50
	years and residual values so high that potential depreciation would be	immaterial.		Itis the	PCC's policy to
	maintain these assets in a continual state ofsound repair. Resulting &om regular impairment					reviews,
i'	provision will be made ifthere has been any permanent diminution in Investments	value
	Investments are stated at market value at the balance sheet date.
d)	Current Assets
	Amounts owing to the P.C.C.at 31December in respect offees, rents	or other income are			shown as			debtors
	less provision for amounts that may prove uncollectable. Short term deposits include cash held on deposit either with the C.B.F. Church of England				funds, or			at the

		NOTES TO THE FINAN	CIAL	STATEMENTS F	ORTHE YE	AR ENDED 31D	ECEMBER2020
	2	INCOMING RESOURCES
				Unrestricted	Restricted	Endov ment	Total Funds
				Funds	Funds	Funds	2020	2019
				f	f
	2	Analysis ofincome and endowments
2a		Donations and Legacies
		Planned Giving (excltax refunds)		23232			23P32	22@30
		Planned Giving (no tax refunds)		3,409			3,409	4,609
		Loose cash collections		1,204			'1,204	3,617
		Gift Days			1,764		1,764	3,451
		Sundry donations and appeals		12,059	15,926		27,985	8,957
		Income TaxRecoverable		8,230	3,896		12,126	8,437
		Grants		2,594			2,594
		Legacies
				50,728	21,586		72,314	52,001
2b		Charitable Activities
		Fees from weddings etc		1,427			1,427	1,030
				1,427			1,427	1,030
2c		Other trading activities
		Fund raising events
		Church Centre Lettings		8,174			8,174	19,317
		Rent from letting parish house		9,913			9,913	10,273
		Bookstall
				18,087			18,087	29,590
2d		Investments
		Dividends on CBFInvestment	fund	185			185	179
		CBFdeposit interest		92			92	173
				277			277	352
2e		Other Income
		Insurance claims
		Training course receipts
			CE	70,519	21,586		92,105	82,973

				CONTINUED
				Unrestricted	Restricted	Endomncnt	Total	Funds
				Funds	Funds	Funds	2020	2019
	3	An~vis ofexpenditure	on
3a		Raising funds
		Special appeal costs
		Fund-raising events
		Stewardship costs		51			51	50
				Sl			51	50
3b		Charitable Activities
		Missionary and charitable	giving:	340	2,501		2,841	5,072
		Ministry costs
		Diocesan Parish Share		37,017			37,017	44,500
		Other clergy costs		2,359			2,359	1,500
		Salaries and honoria		11,478			l1,478	11,080
		Church running expenses		9,400			9,400	11,624
		Church Maintenance/Improvements		3,715	434		4,149	1,621
		Bookstall
		Training and Mission						504
		Upkeep ofservices		615			615	697
		Upkeep ofchurch grounds		442			442	215
		StMatthews Sunday Club		36			36	66
		Parish Newsheet
		Bank Charges
		Depreciation		0			0	0
		Governance - see note 6		1,080			1,080	980
				66,482	2,935		69,417	77,859
3c		Other trading activities
		Church Centre Hiring Costs
		Church Centre Running	Costs	4,455			4,455	13,111
		Bookstall costs
		Other Trading costs
				4,455			4,455	13,111
		TOTAL RESOURCES EXPENDED		70,988	2,935		73,923	91,020

		STMATTHEWS	STMATTHEWS	STMATTHEWS	CHURCH PAROCHIAL	CHURCH PAROCHIAL	CHURCH PAROCHIAL	CHURCH PAROCHIAL	CHItRCH COUNCIL	CHItRCH COUNCIL	CHItRCH COUNCIL
		NOTES TOTHE FINANCIAL STATEMENTS FORTHE							YEAR ENDED	31DECEMlER 2020
						CONTINUED
						Unrestricted			Restricted		Endowment	Total	Funds
						Funds			Funds		Funds	2020		2019
						f			f				f
	4	Missionary and charitable		gilvtng:
		Overseas
		Tear Fund									638	63$
		Stroke Association
		Barnabas Fund
		Charles Scmwaga									63&	63$
		Home
		Simeons' Trustees
		Bccontrce Church									638	63&
		StMichael's Hospice
		Evangelical Alliance							90			90		90
		Donations to Church Schools							200			200		200
		Christians Against Poverty							50			637		$46
		Snowflake Trust (winter night shelter)												1,039
		School Christmas Services												119
		Friends ofConquest Hospital
		Sussex Gospel Partnership
		Bishop ofChichestcr Discretionary			Fund									192
		Church together in Hastings and St			I.conards									50
									340		2,501	2,841		5,072
	5	StaffCosts
a		tVages and Sakrries
		Caretaker/Cleaner							4342			4,342		4~4
		Administmtor							6,65$			6,65$		6,531
		Orymim 'Social Security costs							450 28			450 28		325
								1,478				11,478		11080
		Wages and Salaries
		a. During the year the PCC employed				a CaretakeriCleaner,		aParish Admmistrator			and several Organists.
		No payment was large enough to attract social security					costs.
		b.No members ofthe PCC rcccived any remuneration					from	the	Councils funds.	A	smalI immaterial
		portion ofthc cxpcnscs paid to the Rector may have related						tohis services as chairman ofthe P.C.C.There
		were no disclosablc transactions in respect ofPCC members,						nor persons closely		connected to them, nor
		other related parties.
						Unrestricted					Endowment	Total	Funds
						Funds					Funds	2020		2019
						f							f
	6	Governance
		Independent examination	fee						1,060			1,060		960
		Costofannual accounts							20			20		20
									1,0$0			1,080		980

NOT		ES TOTHE~ANC	IAL S	T	ATEMENTS FORTH	ATEMENTS FORTH	E YEA	RE8%)	ED31DEC		EMBER	2020
					COI88"IINUED
			Unrestricted			Restricted	Endowment		Total		Funds	Total	Funds
10 Debtors Income Tax Recoverable			Funds f~6			Funds 3,896	Funds		f		2020 6,132		2019 f 2,492
Prepayments and		Acaued Interest			688						688		261
Other Debtors					145						145
				3,869		3,896					6965		2,753
I 1 Creditors
Alnounts falling		duc within one year
Deferred Income				f,									f
Accruals ofutiTity and other costs				1,475							1,475		3,246
Creditors for goods and services					347						347		40
Other creditors					764						764		836
				2,586							2,586		4122.00
12 Creditors
amounts falling Defened Income	due after more than		one year f
Accruals ofutility		and other costs
Creditors for goods and services
Other creditors
13 Statement offunds			Bal b/fwd									Bal c/fwd
			1stJan						Transfers,	other		31stDec
			2020			Incolne	Expenditure		gains and	losses		2020
Unrestt1cted Funds
General fund			42,053			69/19	(70,988)				424		41,009
Buildings/Fabric		fund - designated		1,897									1,897
Equipment / Improvements -designated				7,285		1,000							8,285
			51/35			70,519	70,988						51,191
Restricted Funds
Buildings/Fabric		fund		2,839				(434)					2,405
Equipmcnt/ Improvements fund						19,434							19,434
Mission Gift Day
Harvest Appeal					349	2,152	(2,501)
Other Restricted Collections
				3,188		21,58	(2,935						21,839
Endowment Fund
C.L.Cleaver bequest				1,250
The looney raised		by the Harvest Gift Day was		distributed		to the various	mission	agencies supported		by St Matthews.
The Endowment	fund consists ofaf1+50legacy				from C.L.Cleaver which was received in 1976. The						capital is not to		be spent
but the income is		to be used to meet normal Expenditure.
14 Analysis ofcash		and cash equivalents							Total Funds			Total	Funds
									2020			2019
									f
Cash in hand										15/ 15			2,881
Notice deposits (less than 3months)										21,670			21,670
Overdraft facility
										36g85			24,551
15 Related parties and transactions