2020-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of St Patrick, Wallington

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Reference and administrative	Reference and administrative
Annual PCC report
Independent examiner's	report
Statement of Financial	Activities
Balance sheet
Cash Flow
Notes to the accounts		15

Members	who	served on the PCC from	served on the PCC from	1 January 2020	until the date this	report was approved	report was approved
Vicar:				The Revd. David King
Wardens:				Dave Atkinson
				Anna Griffin
Treasurer:				Janis Hawkins	(ex-officio)
Representatives			on the	Dave Atkinson
Deanery	Synod:			Stephen Crawley
				Robert Mandry
				Sarah White
				Heather Young
Elected Members
				Caroline Clarke
				Jenny Horton
				Tony James
				Rosalind Johnson
				Elaine Keller
				Sam Lomas (co-opted 12October 2020)
				Oliver Spencer
				Richard Springate
				Simon Staniforth
				Lorna Stanley
				Andy Widdowson
				Andrew Winkley
PCC'Secretary				Gill Rogers
Diocesan	Synod			Michael Lewis
Bankers				CAF Bank
				25 Kings Hill
				West Mailing
				Kent
				ME194JQ
Principal	address			47 Park Hill Road
				Wallington
				Surrey
				SM6 ORU
Independent		Examiner		Frances Wilde FCCA MBA (Open) DChA
				Warner Wilde Limited
				Chartered Certified Accountants		and Registered	Auditors
				4 Marigold Drive
				Bisley
				Surrey GU24 9SF

STATEMENT OF FINANCIAL ACTIVITIE	STATEMENT OF FINANCIAL ACTIVITIE	STATEMENT OF FINANCIAL ACTIVITIE	S
FOR THE YEAR ENDED 31 DECEMBER			2020
			Note	Unrestricted	Designated	Restricted	Endowment	Total	Total
				Funds	Funds	Funds	Funds	Funds	Funds
				2020	2020	2020f	2020f	2020f	2019
Income and endowments	from:
Donations and legacies				190,985	23,176	407,102		621,263	427,281
Other trading activities				1,106		1,758		2,864	18,610
Charitable activities				5,616	255			5,&71	22,002
Investments				1,082	120	5,482	78	6,762	9,643
Total income and endowments				198,789	23,551	414,342	78	636,760	477,536
Expenditure on:
Raising funds			6			733		733	108
Charitable activities			7	202,789	61,422	89,569	78	353,858	377,857
Total resources expended				202,789	61,422	90,302	78	354,591	377,965
Net gains/(losses) on investments							180	180	410
Net incoming/(outgoing)	resources	before
transfers				(4,000)	(37,871)	324,040	180	282,349	99,981
Transfers between funds
Gross transfers between	funds		15		(1,221)	1,221
Net movement in funds				(4,000)	(39,092)	325,261	180	282,349	99,981
Fund balances at 1 January 2020			15	180,850	948,288	897,722	2,601	2,029,461	1,929,480
Fund balances at 31 December 2020			15	176,850	909,196	1,222,983	2,781	2,311,810	2,029,461

		Note	Unrestricted	Designated	Restricted	Endowment	Total	Total
			Funds	Funds	Funds	Funds	Funds	Funds
			2020	2020	2020	2020	2020	20'I9
			E		F	E	E
Fixed assets
Tangible fixed assets		10		891,269			891,269	922,538
Investments						2,781	2,781	2,601
Total fixed assets				891,269		2,781	894,050	925,139
Current assets
Debtors		12	11,720	46	45,217		56,983	20,576
Cash at bank and	in hand		172,294	17,881	1,181,966		1,372,141	1,091,649
Total current assets			184,014	17,927	1,227,183		1,429,124	1,112,225
Creditors: amounts	falling due within one
year		13	7,164		4,200		11,364	7,903
Net current assets			176,850	17,927	1,222,983		1,417,760	1,104,322
Liabilities
Creditors: amounts	falling due after more
than one year
Net Assets			176,850	909,196	'I,222,983	2,781	2,311,810	2,029,461
Capital Funds
Property funds		15	-	890,000			890,000	920,000
Other		15	176,850	19,196	1,222,983	2,781	1,421,810	1,109,461
Revaluation reserve
Total charity funds			176,850	909,196	1,222,983	2,781	2,311,810	2,029,461

					Note	2020f	2019 f
Cash flows from operating		activities
Cash generated	from (absorbed		by) operations		17	273,730	126,229
Investing activities
Interest received						6,762	9,643
Net increase in	cash and	cash	equivalents			280,492	135,872
Cash and cash	equivalents	at beginning		ofyear		1,091,649	955,777
						1,372,141	1,091,649

7.Charitable activities
				Unrestricted		Designated	Restricted		Endowment		Total	Total
Grants and gifts to other organisations		(See note	16)		Funds 2020 f	Funds 2020 f		Funds 2020		Funds 2020	Funds 2020f	Funds 2019
Missionary and charitable giving Church overseas Relief and development agencies Home missions Romanian mission					1,960	14,151 4,543 2,611		11,591 3,965 10 1,473			25,742 8,508 10 6,044	24,140 8,189 22 6,272
Secular charities Total grants and gifts					1,960	21,305		170 17,209			170 40,474	7,948 426 46,997
Parish Pledge Working expenses ofincumbent Assistant Minister costs Children and Families Minister costs Other ministry costs including Intern Or anists' fees	expenses				105,144 837 32,623 6,333 691			9,875		78	105,144 915 32,623 16,208 691	105,370 780 31,157 11,289 90
Pledge and total non-administrative		people costs			145,628			9,875		78	155,581	360 149,046
Church services costs CAP and Local Mission Plan Children and young people's work Compassion Fund expenditure Other activities e lunch club, retreat Total services and activities	etc				2,025 446 594 4,046 7,111	87 87		1,100 1,100			2,025 446 594 1,100 4,133 8,298	2,474 1,134 5,162 13,262 22,032
Church running expenses Church maintenance Church grounds maintenance Hall running costs Hall maintenance Hall redevelopment project - fees &expenses Clergy house running costs					7,290 2,345 4,337 8,665 1,253	1,176	61,385				7,290 3,521 4,337 8,665 1,253 61,385	8,527 8,356 3,814 11,983 3,644 64,111
Council tax, water and insurance Reimbursement ofabove Clergy house maintenance Extension running costs Extension maintenance Covid-19 crisis expenses Freehold land and propert de reciation Total running costs, maintenance and depreciation					3,232 0 581 1,725 340 29,768	7,585 31,269 40,030	61,385				3232 581 1,725 340 7,585 31,269 131,183	4,193 (321) 3,572 2,435 186 31,269 141,769
Administration costs
Office costs Administrator costs Total administration costs					2,706 14,572 17,278						2,706 14,572 17,278	2,696 14,081 16,777
Accountancy fees
Independent examiner's fee Other costs					1,044						1,044	1,026
PCC meetin s
Total governance costs					1,044						1,044	210 1,236
Total charitable activities					202,789	61,422	89,569			78	353,858	377,857
Of thef377,857 resources expended on charitable charged to designated funds, f68,340were charged			activities in 2019,f226,855were to restricted funds and f76 were				charged charged	to unrestdcted to endowment		funds, f82,586were funds.

8.Staff costs
	Unrestricted	Designated	Restricted	Endowment	Total	Total
	Funds	Funds	Funds	Funds	Funds	Funds
	2020f	2020f	2020 E	2020f	2020	2019 E
Wages and salaries Social security costs	49,759 1,128		9,875		59,634 1,128	52,473 280
Pension costs	2,929				2,929	2,731
Total staff costs	53,816		9,875		63,691	55,484

Ofthe staff costs ofE55,484 in 2019	Ofthe staff costs ofE55,484 in 2019	,f47,609were charged	to unrestric	ted fu	nds	and	E7,875were cha	rged to restricte	d funds.
No employee received emoluments		in excess off60,000pa							2020	2019
Number ofemployees									4		4
Full-time equivalent									Approx 2	Approx	2
9.Net gains/(losses) on investments
		Unrestricted		Designated			Restricted	Endowment	Total	Total
			Funds	Funds			Funds	Funds	Funds	Funds
			2020f		2020f		2020f	2020f	2020	2019f
Revaluation of investments								180	180	410
Total gains/(losses) on investments								180	180	410
All the gains on investment	off410	in 2019were endowment	funds.
10.Tangible fixed assets		Freehold			Hall		Clergy house	Equipment	Total
As at 31 December 2020 Cost			landf			f	f	f	2020 E
Opening value as at 1 January 2020			260,000	400,000			500,000	5,076	1 165076
Additions durin ear
Cost as at 31 December 2020			260,000	400,000			500,000	5,076	1,165,076
Depreciation and impairment
As at 1 January 2020				160,000			80,000	2,538	242,538
Depreciation char efor the	ear			20,000			10,000	1,269	31,269
As at 31 December 2020				180,000			90,000	3,807	273,&07
Carrying amount
As at 31 December 2020			260,000	220,000			410,000	1,269	891,269
As at 1 January 2020			260,000	240,000			420,000	2,538	922,538
11.Fixed asset investments
								Listed	investments
									E
Cost or valuation
At 31 December 2019									2,601
Valuation changes									180
At 31 December 2020									2,781
Carrying amount
At 31 December 2020									2,781
At 31 December 2019									2,601
Fixed asset investments	revalued
investments are shown at	market value at the balance sheet date.
The historical cost off1,404 (2018:E1,404), is based on the value transferred					in	on	1 January 2012.

17.Cash generated from operations	17.Cash generated from operations	17.Cash generated from operations	17.Cash generated from operations	Unrestricted	Designated	Restricted	Endowment	Total	Total
				Funds	Funds	Funds	Funds	Funds	Funds
				2020	2020f	2020f	2020f	2020 F	2019f
Surplus/(shortfall) for	the year			(4,000)	(39,092)	325,261	180	282,349	99,981
Adjustments for:
Investment income recognised		in	statement
offinancial activities				(1,082)	(120)	(5,482)	(78)	(6,762)	(9,643)
Fair value (gains)/losses on investments Depreciation and imparement oftangible							(180)	(180)	(410)
fixed assets					31,269			31,269	31,269
Purchase ofequipment
Movements in working	capital:
Decrease/(increase) in	debtors			923	233	(37,563)		(36,407)	4,864
Increase/(decrease) in	creditors			(739)		4,200		3,461	168
Cash generated from/(absorbed			by) operations	(4,898)	(7,710)	286,416	(78)	273,730	126,229
18.Non-adjusting post balance		sheet event