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2020-12-31-accounts

Unaudited Members of the PCC Annual Report and Financial Report

The Parochial Church Council of the Ecclesiastical Parish of

St. Wilfrid, Bognor

Saint Wilfrid Church, Ellasdale Road, Bognor Regis, West Sussex, PO21 2SG

Registered Charity no. 1142723

For the year ended 31[st] December 2020

CONTENTS

Page

2 Trustees annual report 9 Report of the independent examiner 10 Statement of financial activities 11 Balance sheet 12 Notes to the accounts

Website: saintwilfrid.church Incumbent: The Reverend Joel Mennie Independent Examiner: Mr Ian Burrows FCCA, Kreston Reeves LLP 9 Donnington Park, 85 Birdham Road, Chichester, West Sussex, PO20 7AJ Bankers: HSBC, 45 High Street, Bognor Regis, PO21 1RU

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St Wilfrid Church, Bognor

Members of the PCC Annual Report for 2020

Our aims and purpose as a charity

The PCC has the responsibility of co-operating with the incumbent:

What we planned to do to achieve our charitable objectives

To fulfil our objectives, the following activities were planned:

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Public Benefit

In accordance with our duties as stated in section 17(5) of the Charities Act, we have considered the guidance provided by the Charity Commission in regard to public benefit. This public benefit is demonstrated through our activities as detailed below.

What we achieved and how we affected beneficiaries’ lives

Membership

The Church Electoral Roll was 108 at 31[st] December 2020.

Apostolic Partnership

The Reverend Joel Mennie was licensed as Vicar of Saint Wilfrid Church, Bognor, on 16th January, with the mandate to develop the Apostolic Partnership between Saint Wilfrid and St Peter’s Brighton, which had begun prior to Joel’s arrival. In the first quarter of the year, Joel spent the majority of his time on placement in Brighton and attending advanced leadership training in London.

In March 2020, the Global Coronavirus pandemic caused all plans for the activity of the charity to be revised and adapted. This was equally true for the plans for the development of the Apostolic Partnership.

In light of the challenges, in relation to the new activities associated with the Apostolic Partnership, the following was achieved:

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items) handed out. Additionally, approximately 150 Christmas Hampers of Hope were also distributed.

Responding to the Global Pandemic

Services

In the first quarter of the year, services at the church continued in the pattern of the previous year. This included an 8am Said and 10.30am Sung Eucharist service. On the second Sunday of the month, a 6.30pm evensong also took place. In Reverend Joel’s absence, these services were led by Associate members of clergy. Average numbers attending fell slightly on the previous year.

Likewise, with the assistance of Associate members of clergy, the church continued to hold three midweek Eucharist services. Numbers attending held steady on the previous year.

At the end of March 2020, because of the Coronavirus pandemic, the pattern and platform of worship was forced to change. With the imposition of the first national lockdown, the charity was forced to close its doors to acts of worship. With the assistance of a small, committed group of people, the church further embraced technology and a Sunday morning Eucharist service was recorded and streamed using various online platforms.

Whilst it is recognised that not everyone was able to use this technology, the church was able to continue to make available to as many people as possible, what is so important to the spiritual life of many who engage with the activities of the church, at a time when there was simply no other option. As the year continued, further online services were developed in the Informal expression and to mark Christmas.

Adapting health and safety protocols and following all national and Diocesan advice, the church was able to begin welcoming people back into the building. In the first instance this was prayer only. Throughout the Summer, Church services could resume, again, under strict protocols. Whilst activities were happening, the experience was far from ideal.

In light of the pandemic and the imposition of further mitigation measures, the church was able to host three in-person Christmas services:

A Christmas Eve Christingle; Christmas Eve Midnight service of Holy Communion; Christmas Day morning service of Holy Communion

Life Events

Because of the Pandemic, all weddings and baptisms that had been planned in advance, were postponed. However, one wedding took place. This was through the issuing of a Common Licence, in place of Banns, which could not be read due to the church being closed for public worship. A number of funerals took place, with the exception of one, these were for individuals who had formally been members of the church.

Hall Bookings

The pandemic also had an impact on hall bookings. Overnight, the doors of the hall were closed, with businesses and organisations who had previously been regularly paying clients, being legally obliged to remove their custom. Naturally, this had a financial impact on the charity.

Following national guidance, our hall booking agreements were adapted and as the church was able to welcome people back into the space, so to certain Hall Bookings could temporarily return, albeit with strict mitigation measures in place. Unfortunately, as the year drew to a close, and stricter national measures were yet again imposed, those hiring the Hall could not return to their activities.

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Governance

Like so many other activities, nearly all governance meetings were transferred to an online setting. The Annual Parochial Church Meeting was able to meet in-person in September and subsequently, an inperson PCC morning was also able to take place.

Pastoral Visiting

With social distancing and social mixing restricted, pastoral visiting activities became a further victim of the pandemic. Strict national guidance unfortunately put a stop to pastoral visiting, due to the risk involved in both spreading and catching the virus.

House Group

Similarly, because of the restrictions around social gathering, the existing House Group was prevented from meeting. An online Wednesday Group began in the Autumn term, with an encouraging uptake.

Family Support Work

As mentioned previously, in spite of normal community support activities having to be cancelled, the church partnered with Family Support Work to take part in the national Love Your Neighbour and Love Christmas campaigns, in which we were able to provide essential provisions and a Christmas gift, to those most in need, across our Parish and wider area. These activities attracted additional grants and donations.

Schools

The pandemic prevented the direct engagement that was previously in place with the local schools. However, throughout the year, Reverend Joel played an active part on the governing bodies.

Communication

Communication became far more digitalised than previously. Our website, social media presence and email capabilities, becoming increasingly important, at a time when face-to-face modes of communication were limited. A further point of communication was through the Zoom video platform. Zoom enabled us to quickly and professionally record our Traditional service and enabled key governance and other meetings to take place in a virtual setting. A further key piece of technology that was introduced in 2020 was ChurchSuite, which is a digital Church management and communication software, that offers full GDPR compliance.

Key People

Many people are involved in the operation and successful activities of the church. Whilst, in accordance with the FRS 102 and the Charities SORP (FRS 102), the economic contribution of general volunteers is not recognised in the accounts, if it were, the figure would be a substantial one.

Because of the pandemic restrictions, Spring 2020 saw the closing of the exclusively volunteer-run Church Office. The Church is incredibly grateful to all those who volunteered their time in this way.

In 2020, the church also said goodbye to the Organist and to one of the associate members of clergy. Again, a note should be made to recognise the contributions of these individuals and our gratitude to them.

In September 2020, we welcomed our part time Operations Manager, Alex Coakley-Youngs onto the team. Alex is also a part-time ordinand and in addition to his paid work, contributes many hours as part of his ministerial placement.

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Fabric Maintenance

The quinquennial report was published at the end of 2019, which stated ‘The church remains in good order structurally and is in generally good condition inside and out’ . A schedule of short, medium and long-term faculty works is currently being developed.

Financial Review

The Accounts for 2020 (and the comparative figures of 2019) shown on the following pages have been prepared on the ‘accruals’ basis in line with the Guidance and Regulations issued by the Central Board of Finance of the Church of England dated August 2001. Investment performance was considered adequate in view of the performance of Stock Market investments during the past year.

Total church income at £72,913 was down 7.5%, £5,893 over 2019, £78,806.

Total expenditure at £93,613 was down 9.0%, £9,290 over 2019, £102,903.

The resultant income/expenditure deficit for 2020 was a deficit of £20,700 compared to a deficit of £24,097 in 2019.

The unrealised net gains on investments in 2020 was £12,954 compared to a gain in value of £21,186 in 2019.

The overall deficit allowing for unrealised gains/losses in investments for 2020 was £7,746 deficit, 166.1%. higher than the £2,911 deficit in 2019.

The planned giving, church collection and Gift Aid receipts totalled £47,112 compared to £49,926 in 2019, a reduction of 5.6% £2,814.

The PCC was grateful to receive in 2020 legacies totalling £1,000 a reduction of 5.3% £55 over 2019, £1,056.

The resulting deficit of £7,746 was covered by drawing down upon cash reserves.

At the 31 December 2020 general funds amounted to £356,490 and restricted funds £8,662.

Going concern

After making appropriate enquiries, the trustees 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.

Sharing the ministry costs of the Diocese of Chichester

The largest expenditure of the PCC was the sum of £35,015 paid to the diocese for our share of all churches’ Parish Ministry Costs together with the £4,036 paid to Ecclesiastical Insurance totalling £39,051 (the latter used to form part of the Parish Ministry Costs and now is paid directly to Ecclesiastical Insurance by each parish). In 2021, the church has pledged to meet 100% of the Parish Ministry Costs allocated to it.

The Parish Ministry Costs relates directly to the housing, support, stipend and pension costs of the clergy of this parish, training of new ordinands, a contribution to national church funds and shared

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costs of the Christian family throughout the whole diocese, including assistance towards the ministry and upkeep of churches less able to manage than ourselves.

Why we hold some money in reserve

It is PCC policy to maintain a balance on unrestricted funds which equates to at least 12 months unrestricted payments.

Structure, governance and management of the charity

The Parochial Church Council (PCC) is registered with the Charity Commission as required by the Charities Act 2011.

The Parochial Church Council of the Ecclesiastical Parish of St Wilfrid, Bognor was registered with the Charity Commission in England and Wales on 5 July 2011 - registered number 1142723.

All charities are required to have 'governing documents' and in the case of churches within the Church of England these documents have been agreed as being the Parochial Church Councils (Powers) Measure 1956 as amended, which defines the principal function or purpose of the PCC as "promoting in the Ecclesiastical parish the whole mission of the Church" and the Church Representation Rules (contained in Schedule 3 to the Synodical Government Measure 1969, as amended) which determine how the PCC operates.

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

Ex Officio members

Incumbent: Revd Joel Mennie (Chairperson) Wardens: Mrs Elaine Green Mr Malcolm Vernone

Elected Members: Mrs Louise Smith Secretary Mr Keith Richards Mrs Julie Starmer Miss Glenda Richards Mr Roger Hollingshead Mr Simon Piatt Treasurer (appointed September 2020) Mrs Jan Slough Safeguarding Officer Mr Denis Sheppard (until September 2020) Mr Stuart Hutchinson (until September 2020) Deanery Synod: Mrs Hazel Barkworth Mr John Wood (until September 2020) Co-opted Members: Mr Peter Green Acting Treasurer (until September 2020)

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

Statement of responsibilities of the members of the PCC

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

The law applicable to charities in England and Wales requires the Members of the PCC to prepare financial statements for each financial, which give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Members of the PCC are required to:

The Members of the PCC are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable 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 Trust deed. They are 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.

Approved by order of the members of the board of Members of the PCC and signed on its behalf by the Reverend Joel Mennie (Chairperson):

Date………………………………… 22nd April 2021

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The Parochial Church Council of the Ecclesiastical Parish of St. Wilfrid, Bognor

Independent Examiner's Report For the Year Ended 31 December 2020

Independent examiner's report to the Trustee of The Parochial Church Council of the Ecclesiastical Parish of St. Wilfrid, Bognor (the 'charity')

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

This report is made solely to the charity's Trustee, 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 charity's Trustee those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's Trustee as a body, for my work or for this report.

Responsibilities and Basis of Report

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

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

Independent Examiner's Statement

Your attention is drawn to the fact that the charity has prepared the accounts in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

I have completed my examination. I 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 charity 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.

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.

Signed:

Ian Burrows

Dated: 27 April 2021 FCCA

Kreston Reeves LLP Chartered Accountants Chichester

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The Parochial Church Council of the Ecclesiastical Parish of St. Wilfrid, Bognor

Statement of financial activities For the Year Ended 31 December 2020

Note
Income from:
Donations and legacies:
3
Donations
Other donations and legacies
Grants
Charitable activities
4
Investments
5
Total income
Expenditure on:
Charitable activities
6
Total expenditure
Net (expenditure)/income before net
gains on investments
Net gains on investments
Net (expenditure)/income
Transfers between funds
15
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2020
£
45,779
1,000
1,120
6,892
7,125
61,916
83,470
83,470
(21,554)
12,954
(8,600)
(1,128)
(9,728)
366,218
(9,728)
356,490		 Restricted
funds
2020
£
1,333
-
9,664
-
-
10,997
10,143
10,143
854
-
854
1,128
1,982
6,680
1,982
8,662		 Total
funds
2020
£
47,112
1,000
10,784
6,892
7,125
72,913
93,613
93,613
(20,700)
12,954
(7,746)
-
(7,746)
372,898
(7,746)
365,152		 Total
funds
2019
£
49,926
1,056
-
19,852
7,972
78,806
102,903
102,903
(24,097)
21,186
(2,911)
-
(2,911)
375,809
(2,911)
372,898

The notes on pages 12 to 23 form part of these financial statements.

Page 10

The Parochial Church Council of the Ecclesiastical Parish of St. Wilfrid, Bognor

Balance Sheet As at 31 December 2020

Note
Fixed assets
Tangible assets
10
Investments
11
Current assets
Stocks
12
Debtors
13
Cash at bank and in hand
Creditors: amounts falling due within one
year
14
Net current assets
Total net assets
Charity funds
Restricted funds
15
Unrestricted funds
15
Total funds		 1,085
10,778
142,654
154,517
(11,321)		 2020
£
4,618
217,338
221,956
143,196
365,152
8,662
356,490
365,152		 1,100
437
170,142
171,679
(6,556)		 2019
£
3,390
204,385
207,775
165,123
372,898
6,680
366,218
372,898

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

Reverend Joel Mennie

Date: 22nd April 2021

The notes on pages 12 to 23 form part of these financial statements.

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The Parochial Church Council of the Ecclesiastical Parish of St. Wilfrid, Bognor

Notes to the Financial Statements For the Year Ended 31 December 2020

2. Accounting policies

2.1 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 2015), and the Charities Act 2011.

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005.

The Parochial Church Council of the Ecclesiastical Parish of St. Wilfrid, Bognor 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.

2.2 Going concern

The members consider that there are no material uncertainties about the PCC's ability to continue as a going concern.

2.3 Income

All income is recognised once the charity 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 charity 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 charity, 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.

Donated services or facilities are recognised when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the charity of the item is probable and that economic benefit can be measured reliably.

On receipt, donated professional services and facilities are recognised on the basis of the value of the gift to the charity which is the amount it would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

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 St. Wilfrid, Bognor

Notes to the Financial Statements For the Year Ended 31 December 2020

2. Accounting policies (continued)

2.4 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 is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.

Charitable activities are costs incurred on the charity's operations, including support costs and costs relating to the governance of the charity apportioned to charitable activities.

2.5 Government grants

Government grants relating to tangible fixed assets are treated as deferred income and released to the Statement of Financial Activities over the expected useful lives of the assets concerned. Other grants are credited to the Statement of Financial Activities as the related expenditure is incurred.

2.6 Interest receivable

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 institution with whom the funds are deposited.

2.7 Tangible fixed assets and depreciation

All tangible fixed assets costing £500 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

At each reporting date the charity assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined to be the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following bases:

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The Parochial Church Council of the Ecclesiastical Parish of St. Wilfrid, Bognor

Notes to the Financial Statements For the Year Ended 31 December 2020

2. Accounting policies (continued)

2.8 Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance Sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of Financial Activities.

2.9 Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

2.10 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.11 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 acquisition or opening of the deposit or similar account.

2.12 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 charity 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.

Provisions are measured at the best estimate of the amounts required to settle the obligation.

2.13 Financial instruments

The charity 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.

2.14 Fund accounting

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

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity 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.

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The Parochial Church Council of the Ecclesiastical Parish of St. Wilfrid, Bognor

Notes to the Financial Statements For the Year Ended 31 December 2020

3. Income from donations and legacies

Donations
Church collections and donations
Planned giving
Gift aid recoverable
Special project appeal
Legacies
Grants
Government grants
Total donations and legacies
Total 2019		 Unrestricted
funds
2020
£
1,213
43,164
1,285
117
45,779
1,000
-
1,120
2,120
47,899
50,982		 Restricted
funds
2020
£
-
-
168
1,165
1,333
-
9,664
-
9,664
10,997
-		 Total
funds
2020
£
1,213
43,164
1,453
1,282
47,112
1,000
9,664
1,120
11,784
58,896
50,982		 Total
funds
2019
£
4,985
42,879
1,758
304
49,926
1,056
-
-
1,056
50,982

4. Income from charitable activities

Church - Fees
Church - Hall income
Church - Printing income
Publications
Miscellaneous fund raising
Total 2020
Total 2019		 Unrestricted
funds
2020
£
1,088
4,630
383
-
791
6,892
19,852		 Total
funds
2020
£
1,088
4,630
383
-
791
6,892
19,852		 Total
funds
2019
£
2,523
12,533
694
4
4,098
19,852

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The Parochial Church Council of the Ecclesiastical Parish of St. Wilfrid, Bognor

Notes to the Financial Statements For the Year Ended 31 December 2020

5. Investment income

Investment income
Total 2019		 Unrestricted
funds
2020
£
7,125
7,972		 Total
funds
2020
£
7,125
7,972		 Total
funds
2019
£
7,972

6. Analysis of expenditure by activities

Direct costs
Total 2019		 Activities
undertaken
directly
2020
£
93,613
102,903		 Total
funds
2020
£
93,613
102,903		 Total
funds
2019
£
102,903

Page 16

The Parochial Church Council of the Ecclesiastical Parish of St. Wilfrid, Bognor

Notes to the Financial Statements For the Year Ended 31 December 2020

6. Analysis of expenditure by activities (continued)

Analysis of direct costs

Vicarage running costs
Parish contribution to Diocese
Incumbents working expenses
Church running expenses
Salaries
Office costs
Depreciation: Computer equipment
Depreciation: Church furniture & fittings
Church hall running costs
Church maintenance
Upkeep of church grounds
Choir and organist costs
Upkeep of services
Projects and quinquennial costs
Printing costs
Other ministry costs
(Profit)/loss on disposal of fixed assets
Sundry expenditure
Presents and gratuities
Community initiatives
Governance costs
Total 2019		 Activities
2020
£
5,822
39,051
1,175
3,013
4,693
7,175
566
2,711
7,917
3,383
1,325
2,783
2,376
3,062
1,337
301
(343)
21
302
867
6,076
93,613
102,903		 Total
funds
2020
£
5,822
39,051
1,175
3,013
4,693
7,175
566
2,711
7,917
3,383
1,325
2,783
2,376
3,062
1,337
301
(343)
21
302
867
6,076
93,613
102,903		 Total
funds
2019
£
551
60,695
-
3,471
-
5,229
47
1,800
5,461
6,499
2,433
5,191
3,833
-
1,318
-
-
721
84
-
5,570
102,903

Total direct costs are split £10,143 restricted expenditure and £83,470 unrestricted expenditure as shown on the statement of financial activities.

7. Governance costs

2020 2019
£ £
Independent examiner 1,080 1,050
Management accounting 4,996 4,520

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The Parochial Church Council of the Ecclesiastical Parish of St. Wilfrid, Bognor

Notes to the Financial Statements For the Year Ended 31 December 2020

8. Staff costs

Salaries
Contribution to defined contribution pension schemes
Organist
The average number of persons employed by the charity during the year was
Average number of employees		 2020
£
4,667
26
1,400
6,093
as follows:
2020
No.
1		 2019
£
-
-
4,200
4,200
2019
No.
1

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

The PCC employs an Operations Manager.

9. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2019 - £NIL).

During the year ended 31 December 2020, no Trustee expenses have been incurred (2019 - £NIL).

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The Parochial Church Council of the Ecclesiastical Parish of St. Wilfrid, Bognor

Notes to the Financial Statements For the Year Ended 31 December 2020

10. Tangible fixed assets

Cost or valuation
At 1 January 2020
Additions
At 31 December 2020
Depreciation
At 1 January 2020
Charge for the year
At 31 December 2020
Net book value
At 31 December 2020
At 31 December 2019		 Hall
Furniture &
Fittings
£
3,731
-
3,731
3,731
-
3,731
-
-		 Church
Furniture &
Fittings
£
17,995
915
18,910
16,199
2,711
18,910
-
1,796		 Computer
equipment
£
12,425
3,590
16,015
10,831
566
11,397
4,618
1,594		 Total
£
34,151
4,505
38,656
30,761
3,277
34,038
4,618
3,390

11. Investments

Cost or valuation
At 1 January 2020
Revaluations
At 31 December 2020
Net book value
At 31 December 2020
At 31 December 2019		 Investments
£
204,385
12,953
217,338
217,338
204,385

St Wilfrids PCC holds funds in the L Stewart endowment fund. This fund exists for the making of a contribution towards clergy stipends. The PCC receives no income. The fund's value at 31 December 2020 is £34,419 (2019: £32,204)

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The Parochial Church Council of the Ecclesiastical Parish of St. Wilfrid, Bognor

Notes to the Financial Statements For the Year Ended 31 December 2020

12.
Stocks
Stock
13.
Debtors
Accrued income
Other debtors
Tax recoverable
14.
Creditors: Amounts falling due within one year
Trade creditors
Other sundry creditors
100 club		 2020
£
1,085
2020
£
1,000
8,855
923
10,778
2020
£
1,508
9,753
60
11,321		 2019
£
1,100
2019
£
-
-
437
437
2019
£
1,566
3,520
1,470
6,556

Page 20

The Parochial Church Council of the Ecclesiastical Parish of St. Wilfrid, Bognor

Notes to the Financial Statements For the Year Ended 31 December 2020

15. Statement of funds

Statement of funds - current year

Balance at
Balance at 1 31
January Transfers Gains/ December
2020 Income Expenditure in/out (Losses) 2020
£ £ £ £ £ £
Unrestricted
funds
General Funds 366,218 61,916 (83,470) (1,128) 12,954 356,490
Restricted
funds
Restricted Funds 6,680 - (914) - - 5,766
Restricted Fund
- Apostolic
partnership - 7,164 (8,292) 1,128 - -
Restricted Fund
- Love your
neighbour - 3,833 (937) - - 2,896
6,680 10,997 (10,143) 1,128 - 8,662
Total of funds 372,898 72,913 (93,613) - 12,954 365,152
Statement of funds - prior year
Balance at
Balance at 31
1 January Gains/ December
2019 Income Expenditure (Losses) 2019
£ £ £ £ £
Unrestricted funds
General Funds 369,129 78,806 (102,903) 21,186 366,218
Restricted funds
Restricted Funds 6,680 - - - 6,680
Total of funds 375,809 78,806 (102,903) 21,186 372,898

Page 21

The Parochial Church Council of the Ecclesiastical Parish of St. Wilfrid, Bognor

Notes to the Financial Statements For the Year Ended 31 December 2020

15. Statement of funds (continued)

The Parish holds unrestricted and restricted funds as follows:

Unrestricted Fund

The general fund represents free funds of the charity which are not designated for particular purposes.

Restricted Fund

The restricted fund represents donations made for specific purposes monitored by the PCC to ensure that only relevant expenditure is charged against the fund.

Endowment Fund

The endowment fund is a fund of money which has come to the PCC with the specific instruction that only the income generated by the money can be spent.

16. Summary of funds

Summary of funds - current year

General funds
Restricted funds		 Balance at 1
January
2020
£
366,218
6,680
372,898		 Income
£
61,916
10,997
72,913
Balance at
1 January
2019
£
369,129
6,680
375,809		 Expenditure
£
(83,470)
(10,143)
(93,613)
Income
£
78,806
-
78,806		 Transfers
in/out
£
(1,128)
1,128
-
Expenditure
£
(102,903)
-
(102,903)		 Gains/
(Losses)
£
12,954
-
12,954
Gains/
(Losses)
£
21,186
-
21,186		 Balance at
31
December
2020
£
356,490
8,662
365,152
Balance at
31
December
2019
£
366,218
6,680
Summary of funds - prior year
General funds
Restricted funds
372,898

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The Parochial Church Council of the Ecclesiastical Parish of St. Wilfrid, Bognor

Notes to the Financial Statements For the Year Ended 31 December 2020

17. Analysis of net assets between funds

Analysis of net assets between funds - current period

Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year		 Unrestricted
funds
2020
£
1,275
217,338
145,855
(7,978)
356,490		 Restricted
funds
2020
£
3,343
-
8,662
(3,343)
8,662		 Total
funds
2020
£
4,618
217,338
154,517
(11,321)
365,152

Analysis of net assets between funds - prior period

Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year		 Unrestricted
funds
2019
£
3,390
204,385
164,999
(6,556)
366,218		 Restricted
funds
2019
£
-
-
6,680
-
6,680		 Total
funds
2019
£
3,390
204,385
171,679
(6,556)
372,898

18. Operating lease commitments

At 31 December 2020 the charity had commitments to make future minimum lease payments under noncancellable operating leases as follows:

2020 2019
£ £
Total commitments 11,451 15,268

19. Related party transactions

The charity has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the charity at 31 December 2020.

Page 23