Trustees Annual Report and Financial Statements
The Parochial Church Council of Saint Mary, Kemp Town Year ended 31 December 2020
| Contents | |
|---|---|
| Annual Report | 2 |
| Report of the Independent Examiner | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Statement of Assets and Liabilities | 9 |
| Fund movement by type | 10 |
| Analysis of Income and Expenditure | 11 |
| Notes to the financial statements | 13 |
St Mary’s Church, Kemp Town, 61 St James’s Street, Brighton BN2 1PR Registered Charity No. 1158922
Incumbent: The Reverend Andrew Woodward, 10 Chesham Street, Brighton BN2 1NA Independent Examiner: Mr. Martin Bartholomew, 1a Maltravers Drive, Littlehampton, West Sussex, BN17 5EY
Page 1
The Parochial Church Council of Saint Mary, Kemp Town
Year Ended 31 December 2020
Trustees Annual Report for 2020
Structure, Governance and Management
The Parochial Church Council of the Ecclesiastical Parish of Kemp Town: Saint Mary is a registered charity, no. 1158922.
During the year, the following served as members of the PCC:
| Ex Officio Members | |
|---|---|
| Incumbent: | The Reverend Andrew Woodward, Chairman |
| Mrs Margaret Green, Reader | |
| Mrs Joanna Gordon-Hall, Reader | |
| The Reverend Herbert Bennett, Assistant Curate (to May 2020) | |
| The Reverend Sarah Van den driessche, Assistant Curate (from June 2020) | |
| Churchwardens: | Mr Jason Mannix |
| Ms Rebecca Donoher | |
| Elected Members: | Mrs Jane Chetwynd-Appleton, PCC Secretary |
| Mrs Gladys Mundowa | |
| Mr Peter Moroney (to 31 December 2020) | |
| Ms Naume Chawuluka | |
| Mr Michael Folkard | |
| Mr Paul Lantsbury (to 31 December 2020) | |
| Ms Kaye Inglis | |
| Mr Philip Davis (Elected 25 October 2020), Treasurer | |
| Deanery Synod Representatives: | Mr Paul Stacey |
| Mrs Denise Sutherland |
Membership of the PCC is determined under the Church Representation Rules and consists of certain ex-officio members (the incumbent, lay readers licensed to officiate in the church, the churchwardens, and members of the Deanery, Diocesan and General Synods), and up to nine members of the church, who are elected at the Annual Parochial Church Meeting (APCM). Members are warmly encouraged to stand for membership of the PCC and we try to ensure a balance of skills and experience where possible.
Aim and Purposes
The primary objective of St Mary’s PCC is the promotion of the gospel of our Lord Jesus Christ according to the doctrines and practices of the Church of England. The PCC has the responsibility of cooperating with the incumbent, the Reverend Andrew Woodward, in promoting in the ecclesiastical parish the whole mission of the Church pastoral, evangelical, social and ecumenical.
Page 2
Objectives and Activities
Our mission is to promote and secure the future of St Mary’s as a church that meets the spiritual needs of our parishioners and visitors to our parish, provides a welcoming space for secular public use and positions itself as an asset and resource for the whole community.
The PCC maintains an overview of worship throughout the parish and proposes and nurtures services and activities to engage the diverse groups that live within our parish.
Our services and worship put faith into practice through prayer and scripture, music and sacrament. When planning our activities for the year, the Incumbent and the PCC have considered the Charity Commission’s guidance on public benefit, and, in particular, the specific guidance on ‘charities for the advancement of religion’. In particular, we try to enable local people to live out their faith as part of our parish community through:
-
worship and prayer: learning about the gospel, and developing their knowledge of and trust in Jesus Christ,
-
provision of pastoral care for people living in the parish,
-
missionary and outreach work.
Maintaining the fabric of St Mary’s Church and of St Mary’s Church Hall and improving the facilities of both buildings are essential to achieving our mission.
Achievements and Performance
Church attendance and ceremonies
At 31 December 2020, there were 106 members on the church roll, of whom over 70% of whom are not resident in the parish. The weekly attendance in 2020, counted during October in accordance with the church statistics requirement, was 51, compared with 89 in 2019. The reduction from 2019 was a direct result of the Coronavirus pandemic, with a considerable number of regular attendees needing to shield during October.
There were no baptisms or weddings in 2020. Parish clergy conducted one funeral at St Mary’s and five at crematoria or other churches.
Review of the year
-
From March 2020, Covid-19 severely disrupted the church’s normal services and activities. There were months of closure, reduced opening hours at other times, and a cessation of nearly all of the church’s outreach activities, including our friendship café, free English classes, parent-toddler group and free recital series. Sunday worship was live-streamed every Sunday from Easter 2020, a practice that is continuing now that public worship has been resumed on Sundays. Public worship at the smaller weekday services resumed after the first lockdown was lifted in June 2020, and has continued since. We were able to conduct our normal complement of Christmas services in public, although with restricted attendance, no congregational singing, and a reduction in our normal festive hospitality.
-
The full PCC met four times by Zoom during the year. Each meeting was quorate. Minutes of the deliberations were received by the full PCC and discussed where necessary.
Page 3
-
In May, we said a virtual farewell to our Honorary Assistant Curate, the Reverend Herbert Bennett, who, having completed his title at St Mary’s, was moving on to become Associate Vicar at St Thomas à Becket, Lewes. The following month, we welcomed the Reverend Sarah Van den driessche as our new Honorary Assistant Curate; she joined us initially as a licensed lay worker, pending her delayed ordination as deacon by Bishop Martin of Chichester at St Mary’s, on 25 September. St Mary’s was pleased to host also the ordination of three other deacons by Bishop Martin: the Reverends James Bailey, Jon Harley, and Richard Merrick.
-
Our annual income was reduced by the impact of Covid-19, which was felt particularly in the falling off of weekly cash giving, casual giving by visitors, and venue hire in both the church and church hall. Fortunately, planned giving held up well, many of our regular givers made additional donations, and the church was able to access almost £140,000 in Covid-related grants, £16,000 of which was for revenuesupport purposes.
-
St Mary’s secured offers of almost £120,000 in grants for building repairs and improvements during 2020, most of which came in the form of Covid-related support from the Government’s Culture Recovery Fund, for which we are very grateful. The grants have funded or are funding the removal of asbestos from the old boiler room beneath the sacristy; the repointing of and masonry, rainwater and roof repairs to the east-facing aisle; and the refurbishment of the accessible toilet in the church hall along with the installation of a shower.
-
St Mary’s also secured a Covid-related grant from the National Lottery Heritage Fund in part to commission designs for an accessible toilet at the rear of the south aisle in the church, new kitchen and refurbished entrance in the Tower Room, and permanent access ramp from the Tower Room to the nave. Plans have been drawn up by our architects, Thomas Ford & Partners, and given preliminary approval by the PCC. The works are expected to cost between £120,000 and £150,000. A fundraising campaign is planned for Summer 2021. The need for a toilet and improved catering facilities in the church has been greatly increased by Covid-secure hygiene and social distancing regimes, and it is hoped that the new facilities can be built by early 2022.
-
The year in review has been an extraordinarily difficult one for clergy and parishioners alike. The PCC acknowledges its very great gratitude to everyone who has supported St Mary’s during these difficult times, whether by financial giving, the offering of pastoral care to others, the provision of digital outreach resources, or the supporting of the safe operation of the church during the pandemic.
Financial Review
- Total receipts (general unrestricted and restricted funds) were £205,307. Total outgoings were £154,043, a surplus of income over expenditure of £51,264. However, because these figures include significant amounts of income and expenditure related to the building works, the overall surplus does not clearly show the underlying financial results of St Mary’s, which can be summarised as follows:
| Underlying | Building project | Total | |
|---|---|---|---|
| Results | Income/Expenses | Performance | |
| Income | 107,785 | 85,522 | 205,307 |
| BHCC Grant | 12,000 |
||
| Expenditure | (111,896) | (42,147) | (154,043) |
| Net Surplus | 7,889 | 43,375 | 51,264 |
Page 4
-
We gratefully acknowledge the support of the Local authority with a Covid-19 recovery grant of £12,000. Without this we would have had an underlying deficit of £4,111.
-
Whilst the underlying small deficit does not, strictly speaking, create a going-concern issue in the immediate future due to the current level of funds held, clearly this position does need to improve to prevent longer-term problems particularly in the light of Covid-19 which impacted income. Some action has already been taken, such as a campaign to increase congregational giving, and the PCC believes costs to be fairly-well controlled. However, the PCC continues to place a significant focus on fundraising as part of St Mary’s ongoing activities.
-
The largest items of PCC expenditure were £42,147 spent on major building repairs, including architect’s fees on the remaining Phase 2 repair project.
-
£41,666 was paid in the year to the Diocese as our pledge towards the Parish Ministry Contribution (PMC). This amount covers a 0.67 stipend for the incumbent, housing for the clergy, a contribution to clergy pensions, and a standard sum for diocesan central costs, diocesan clergy training and a contribution to the national church funds.
-
During the year a working capital loan of £50,000 was repaid to the Diocese of Chichester in relation to the major building works on the church building. Whilst grants had been awarded for this project, some of these funds will not be paid until the works are complete and invoices can be produced. These funds were ring-fenced in a separate account and were not spent during the year. This loan was generously made on an interest-free basis, with flexible repayment terms.
-
During the year a full review was made of the various funds that are used for accounting purposes and several of these have now been closed as are no longer necessary. Balances have also been transferred between several of the designated funds in order to better reflect the future plans of the Church. These funds will continue to be reviewed on an annual basis.
Reserves policy
It is PCC policy to maintain a balance of £50,000 in unrestricted funds for emergency building repair, and additionally a balance of four months’ general expenditure in unrestricted funds, at least two of which should be immediately available on the current account.
It is PCC policy to invest funds with the CBF Church of England Deposit Fund. The fund balance at 1 January 2021 was £50,000 at 1 January 2020 and £46,750 at 31 December 2020.
The Archdeacon’s loan of £50,000 was repaid on 6 July 2020.
Total cash available as at 31 December 2020: £180,935. Approved and signed on their behalf by
18/04/2021
X Fr Andrew Woodward Incumbent
Reverend Andrew J Woodward Chair of Trustees.
Page 5
Parochial Church Council of the Ecclesiastical Parish of Kemp Town: Saint Mary Year ended 31 December 2020
Independent Examiner’s Report to the Parochial Church Council,
St Mary’s Church Kemp Town, Brighton
I report to the trustees on my examination of the accounts of the Parochial Church Council (PCC) of St Mary’s Church Kemp Town, Brighton.
Responsibilities and Basis of the Report
As the charity trustees of the Parochial Church Council, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the PCC’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s 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:
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accounting records were not kept in respect of the PCC as required by section 130 of the Act, or,
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the accounts do not comply with those records; or
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the accounts do not comply with the applicable requirements concerning the form and contents 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:
Name: Martin Bartholomew
Relevant professional qualification: Certified Company Director, Retired Naval Officer
Address: 1a Maltravers Drive, Littlehampton, West Sussex, BN17 SEY
Date: 12th April 2021
Page 6
Statement of Financial Activities
| Unrestricted Restricted Endowment Total Prior year funds funds funds funds total funds |
|
|---|---|
| Income and endowments from: Donations and legacies Income from charitable activities Investments Other income Total income Expenditure on: Raising funds Expenditure on charitable activities Other expenditure Total expenditure Net income / (expenditure) resources before transfer Transfers Gross transfers between funds - in Gross transfers between funds - out Other recognised gains / losses Gains / losses on investment assets Net movement in funds Total funds brought forward Total funds carried forward Represented by Unrestricted General fund Designated Asbestos removal, hall improvements etc Investment assets Piano Tangible assets Restricted Building Fund Day School Trust Friends Fund LTT Fund Organ Fund Robertson Trust Fund Tea and Company |
49,116 - 49,116 143,368 27,337 - - 27,337 2.890 4,018 - - 4,018 4,893 124,337 500 - 124,837 111,850 |
| 204,808 500 - 205,308 263,000 746 - 746 7,767 78,988 - - 78,988 46,131 74,310 - - 74,310 264,490 |
|
| 154,044 - 154,044 318,389 |
|
| 50,764 500 - 51,264 (55,848) - - - 5,050 - 5,050 6,545 |
|
| 55,814 500 - 56,314 49,303 |
|
| 154,553 30,574 - 184,627 233,930 |
|
| 210,367 28,812 - 240,941 184,627 |
|
| 1,240 - - 1,240 (20,040) 46,250 - - 46,250 - 122,839 - 122,839 117,789 - - - 15,004 41,800 - 41,800 41,800 - 27,652 27,652 27,652 - - - 660 660 2,422 500 - 500 - - - - - - - - - - - - - |
|
| 212,129 28,812 - 240,941 **184,627 *** |
- The opening balance is restated from £185,086 to £184,627 due to a previous error of £459 representing Barclaycard items accruing but not debited to the Church account in 2019.
Page 7
Balance sheet
| Class and code Description Fixed assets 6000 CBF deposit fund 610369002D 6010 CBF Investment Fund Income 610369001S 6020 CBF Fixed interest 610369001F 6030 CBF Investment General Religious 1100011 6040 CBF Fixed Interest Sunday School 1100022 6050 CBF Deposit Day School Trust 110001447D 6060 CBF Fixed Interest 110001096F 7000 Church Hall - at cost freehold property 7010 Church Hall Flat - renovations at cost 7020 Equipment - at cost 7030 Piano Total Fixed assets Current assets 5000 Barclays Church a/c 2734 5010 Barclays Friends a/c 3047 5020 TDS Custodial Z05 Accounts Receivable Total Current assets Liabilities 6998 Diocesan loan 6699 Agency collections Z04 Accounts Payable and Barclaycard Total Liabilities Net Asset surplus(deficit) Reserves Excess / (deficit) to date Z01 Starting balances Z02 Gains/(losses) on investment assets Total Reserves Represented by funds Unrestricted Designated Restricted Endowment Total |
Class and code Description Fixed assets 6000 CBF deposit fund 610369002D 6010 CBF Investment Fund Income 610369001S 6020 CBF Fixed interest 610369001F 6030 CBF Investment General Religious 1100011 6040 CBF Fixed Interest Sunday School 1100022 6050 CBF Deposit Day School Trust 110001447D 6060 CBF Fixed Interest 110001096F 7000 Church Hall - at cost freehold property 7010 Church Hall Flat - renovations at cost 7020 Equipment - at cost 7030 Piano Total Fixed assets Current assets 5000 Barclays Church a/c 2734 5010 Barclays Friends a/c 3047 5020 TDS Custodial Z05 Accounts Receivable Total Current assets Liabilities 6998 Diocesan loan 6699 Agency collections Z04 Accounts Payable and Barclaycard Total Liabilities Net Asset surplus(deficit) Reserves Excess / (deficit) to date Z01 Starting balances Z02 Gains/(losses) on investment assets Total Reserves Represented by funds Unrestricted Designated Restricted Endowment Total |
Thisyear Lastyear 46,750 50,000 17,862 16,746 69,995 67,798 17,988 16,830 16,994 16,415 - - - - 12,725 12,725 26,122 25,916 3,159 3,159 18,000 18,000 229,595 227,589 11,400 5,075 660 2,422 - 975 357 12,417 8,472 - (50,000) (77) (994) (1,434) (1,071) (51,434) 240,941 184,627 51,264 (55,848) 184,627 233,930 5,050 6,545 240,941 184,627 1,240 (20,040) 210,889 174,593 28,812 30,074 - - 240,941 184,627 |
|---|---|---|
| Fixed assets 6000 CBF deposit fund 610369002D 6010 CBF Investment Fund Income 610369001S 6020 CBF Fixed interest 610369001F 6030 CBF Investment General Religious 1100011 6040 CBF Fixed Interest Sunday School 1100022 6050 CBF Deposit Day School Trust 110001447D 6060 CBF Fixed Interest 110001096F 7000 Church Hall - at cost freehold property 7010 Church Hall Flat - renovations at cost 7020 Equipment - at cost 7030 Piano Total Fixed assets Current assets 5000 Barclays Church a/c 2734 5010 Barclays Friends a/c 3047 5020 TDS Custodial Z05 Accounts Receivable Total Current assets Liabilities 6998 Diocesan loan 6699 Agency collections Z04 Accounts Payable and Barclaycard Total Liabilities Net Asset surplus(deficit) Reserves Excess / (deficit) to date Z01 Starting balances Z02 Gains/(losses) on investment assets Total Reserves Represented by funds Unrestricted Designated Restricted Endowment Total |
Page 8
Statement of assets and liabilities
| General Designated Restricted Endowment Thisyear Lastyear |
|
|---|---|
| Fixed assets - Heritage assets Church Hall - at cost freehold property - Church Hall Flat - renovations at cost - Equipment - at cost - Totals Fixed assets - Investments CBF deposit fund 610369002D - CBF Investment Fund Income 610369001S - CBF Fixed interest 610369001F - CBF Investment General Religious 1100011 - CBF Fixed Interest Sunday School 1100022 - CBF Deposit Day School Trust 110001447D - CBF Fixed Interest 110001096F - Totals Fixed assets - Tangible assets Piano - Totals Current assets - Cash at bank and in hand Barclays Church a/c 2734 - Barclays Friends a/c 3047 - TDS Custodial - Totals Current assets - Debtors Accounts Receivable - Totals Liabilities - Agency accounts Agency collections - Totals Liabilities - Creditors: Amounts falling due in one year Accounts Payable Diocesan Loan - repaid Totals Grand total |
- 12,725 - - 12,725 12,725 - 26,122 - - 26,122 25,916 - 3,159 - - 3,159 3,159 |
| - 42,006 - - 42,006 41,800 - 46,750 - 46,750 50,000 - 17,862 - - 17,862 16,746 - 69,995 - - 69,995 67,798 - 17,988 - - 17,988 16,830 - 16,994 - - 16,994 16,415 - - - - - - - - - - - |
|
| - 169,589 - 169,589 167,789 - 18,000 - - 18,000 18,000 |
|
| - 18,000 - - 18,000 18,000 11,400 - - 11,400 5,075 660 - - 660 2,422 - - - - 975 |
|
| 12,060 - - 12,060 8,472 357 - - - 357 -- |
|
| 357 - - - 357 - - - - - |
|
| - - - - - - - , - (1,071) - - - (1,071) (975) (50,000) |
|
| 11,346 - (50,975) |
|
| 11,346 229,595 - 240,941 184,627 |
Page 9
Fund movement by type
| Opening Incoming Outgoing Transfers |
Gains/losses Closing |
|
|---|---|---|
| Building - Building Fund Restricted Sub-total for Building Company - Tea and Company Designated Sub-total for Company Hall improvements and Asbestos removal etc Designated Sub-total for Flower Friends - Friends Fund Restricted Sub-total for Friends Invest - Investment assets Designated Sub-total for Invest LTT - LTT Fund Restricted Sub-total for LTT Organ - Organ Fund Restricted Sub-total for Organ Piano - Piano Fund Designated Sub-total for Piano Robertson - Robertson Trust Fund Restricted Sub-total for Robertson Tangible - Tangible assets Designated Sub-total for Tangible General - General fund Unrestricted Sub-total for General Grand total |
27,652 - - - |
- 27,652 |
| 27,652 - - - - - - - - - |
- 27,652 - - - - |
|
| - - - 46,250 - - - - |
- - 46,250 - - |
|
| - - 2,422 - (1,762) - |
- - - 660 |
|
| 2,422 (1,762) - 117,789 - - |
- 660 5,050 122,839 |
|
| 117,789 - - NIl 500 - |
5.050 122,839 - 500 |
|
| Nil 500 - - - |
- 500 - - |
|
| - - 15,004 (15,004) - |
- - - Nil |
|
| 15.004 15,004 - - - - |
- Nil - - |
|
| - - 41,800 - - - |
- - - 41,800 |
|
| 41,800 - - - 20,040 158,557 (167,285) - |
- 41,800 - 1,240 |
|
| (20,040) 158,557 (167,285) - |
- 1,240 |
|
| 184,627 205,307 (154,043) - |
5,050 240,941 |
Page 10
Analysis of income and expenditure
| INCOME AND ENDOWMENTS Donations and legacies 0100 - Giving: gift aided 0110 - Giving: Cash from services 0120 - Giving: non-gift aided 0200 - Other donations - Donations Box 0210 - All other donations - Candle Box 0220 - All other donations - Refreshments 0240 - All other donations - Flowers 0250 - All other donations - Music/Organ 0270 - All other donations - Anything else 0320 - Gift aid recovered 0340 - Legacies received 0520 - Friends donations Total Income from charitable activities 0230 - All other donations - Events etc. 0510 - Proceeds from Fund raising - Events 0700 - Church lets 0710 - Church Hall lets: St Anne's Trust 0720 - Church Hall lets: Centre Church 0730 - Church Hall lets: Flat 0740 - Church Hall Small lets 0741 - Church Hall - Koalas 0800 - PCC Gross fees Total Investments 0600 - Investment income Total Other income 0330 - VAT recovered via LPWGS 0400 - Grant income HLF Tower room 0405 - Grant Income HLF - Phase II 0410 - Grant income LTT 0420 - Grant income National Churches Trust 0430 - Other Grant Income – see note 9 0500 - Proceeds from Fund Raising - Subscriptions - 0950 - Other income 0951 - Other Income - Big Issue Total |
Total Unrestricted Designated Restricted Endowment This year Last year 29,535 - - - 29.535 23,913 4.067 - - - 4,067 7,967 125 - - - 125 107 2,900 - - - 2,900 1,688 604 - - - 604 418 - 173 - - 173 384 - - - - - 400 - - - - - 9,817 1,031 - - - 1,031 5,087 - 10,581 - - 10,581 5,299 - - - - - 500 100 - - - 100 - |
|
|---|---|---|
| 38,362 10,754 - 49,116 55,580 - - - - - - - - - - - - - 3,033 - - 3,033 3,751 - 10,415 - - 10,415 10,340 - - - - - - 3,085 - - 3,085 11,920 - 9,698 - - 9,698 15.506 - 41 - - 41 497 1,065 - - - 1,065 644 |
||
| 1,065 26,272 - - 27,337 42,658 4,018 - - - 4,018 4,893 |
||
| 4,018 - - - 4,018 4,893 11,242 - - - 11,242 43,106 - 9,810 - - 9,810 - 33,220 - - - 33,220 92,880 - - 500 - 500 500 - - - - - 15,000 12,000 - 51,750 - 63,750 2,500 - - - - - - - - - - - 2,933 - - - 2,933 147 3,382 - - - 3,382 5,736 |
||
| 62,777 9,810 52.250 - 124,837 159,870 |
||
| INCOME TOTAL | 106,222 46,836 52,250 - 205,308 263,000 |
Page 11
Unrestricted Designated Restricted Endowment This year Last year
| EXPENDITURE Raising funds 2200 - Fees - Recitals 2215 - Expenses - HLF activities 2216 - HLF Phase II expenses Total Expenditure on charitable activities 2000 - Parish Ministry Contribution 2099 - Venue Administrator 2101 - Activities Manager salary inc PAYE 2110 - Tax - HMRC 2220 - Fees - Deputizing clergy 2230 - Fees - Deputizing organists 2300 - Expenses - Vicar 2630 - Church - maintenance 2660 - Church - Music (Organ and piano upkeep) 2700 - Admin Professional development 2800 - Utilities Church Electricity 2810 - Utilities - Church Gas - Main 2820 - Utilities Church Gas - Vestry 2830 - Utilities - Church Water 2840 - Utilities - Church Hall Electricity 2850 - Utilities - Church Hall Gas 2860 - Utilities - Church Hall Water 2900 - Church Hall - Cleaning 2910 - Church Hall - Consumables 2960 - Cost of events & fundraising activities Total Other expenditure 2210 - Fees - HLF Heritage activities 2410 - Vicarage council tax 2420 - Vicarage water rates 2450 - Telecoms - Church 2460 - Telecoms - Hall 2470 - Telecoms Vicarage 2600 - Church - Liturgical supplies 2610 - Church - Charitable giving 2620 - Church - Consumables 2625 - Church - Equipment 2635 - Church - Insurance 2640 - Church - Major repairs 2640A - Church - Phase II Major Repairs 2710 - Admin Secretarial 2920 - Church Hall - Maintenance 2930 - Church Hall Insurance 2940 – Church hall – Major Repairs 2950 - Other Expenditure Total |
- - 746 - - - - - - - - - |
746 3,889 - - - - |
|---|---|---|
| - - 746 - 41,666 - - - 1,073 - - - 8,597 - - - - - - - 145 - - - 2,375 - - - - - - - 10,778 - - - 1.141 - - - - - - - 1,640 - - - 5,172 - - - 182 - - - 130 - - - 1,695 - - - 1,310 - - - 1,414 - - - 305 - - - 780 - - - 584 - - - |
746 3,889 41,666 44,210 1.073 944 8,597 7,797 - 1,188 145 399 2,375 3,120 - - 10,778 14,771 1,141 1,003 - 729 1,640 2,344 5,172 7,223 182 247 130 265 1,695 2,525 1,310 1,237 1,414 2,388 305 932 780 489 584 3,363 |
|
| 78,988 - 746 - - - - - 2,365 - - - 533 - - - 998 - - - - - - - 1,034 - - - 702 - - - 4,028 - - - 3,522 - - - 848 - - - 6,592 - - - 6,100 - - - 36,047 - - - 1,247 - - - 5,888 - - - 1,291 - - - 1,212 - - - 1,903 - - - |
79,734 95,174 - 515 2,365 2,276 533 636 998 1,073 - - 1,034 484 702 1,784 4,028 1,921 3,522 4,913 848 1,951 6,592 6,170 6,100 2,689 36,047 188,528 1,247 1,747 5,888 1,146 1,291 1,265 1,212 1,632 1,903 596 |
|
| 74,310 - - - |
74,310 219,326 |
|
| EXPENDITURE TOTAL | 153,298 - 746 - |
154,044 318,389 |
| GRAND TOTAL | - | 51,264 (55,389) |
Page 12
Notes to the Financial Statements
1. ACCOUNTING POLICIES
(a) Basis of Accounting
The annual accounts have been prepared under the historical cost convention and accruals basis. They are compiled using the Zero accounts package.
(b) Fixed assets
All fixed assets are initially recorded at cost.
(c) Investments
Investments are recorded at market value.
2. TANGIBLE FIXED ASSETS
| 2020 | 2019 | |
|---|---|---|
| Church | - | - |
| Church Hall – at cost freehold property | 12,725 | 12,725 |
| Church Hall Flat – renovations at cost | 26,122 | 25,916 |
| Equipment – at cost | 3,159 | 3,159 |
| Piano | 18,000 | 18,000 |
| --------------- | --------------- | |
| 60,006 | 59,800 | |
| --------------- | ------------ |
The church has been shown at £Nil as the actual record of cost incurred in its construction has been lost over the passage of time.
3. INVESTMENTS
The investments are held by the Central Board of Finance on behalf of St Mary’s Church, Kemptown, Brighton.
Income from investments, at £4,018 was slightly down on last year, £4,893.
The capital value of the investment funds increased by £5,050 in the year.
No capital withdrawals were made from our investments in the year.
4. INVESTMENT ASSETS
CBF deposit fund 61039002D account is an interest-bearing account used to park funds until they need to be applied, at which point they are transferred into the main bank account. The fund stood at £46,750 at 31 December 2020. The total for the other investment fixed assets is as follows:
| Unrestricted | Restricted | Endowment | Total funds | Prior year | |
|---|---|---|---|---|---|
| funds | funds | funds | total funds | ||
| Investment | £122,839 | - | - | £122,839 | £117,789 |
| Assets |
Page 13
5. AMOUNTS FALLING DUE WITHIN ONE YEAR
Creditors due within one year are broken down as follows:
| Diocesan Loan General fund (Unrestricted) |
2020 2019 - 50,000 1,071 975 |
|---|---|
| 1,071 50,975 |
6. LEGACY
No legacies were received in 2020.
7. GIFT AID AND LISTED PLACES OF WORSHIP GRANT SCHEME
The sum of £10,581 was recovered in this calendar year from Gift Aid and a further £1,785 from the Gift Aid Small Donation Scheme GASDS in respect of eligible cash donations in the tax year to 5 April 2020. We are reclaiming gift aid at regular quarterly intervals.
The amount of equivalent VAT claimed under the Listed Places of Worship Grant Scheme (LPWGS) amounted to £11,242.
8. INSURANCE
Until 31 December 2017, the cost of insuring the church building was included in the Parish Ministry Contribution. This changed on 1 January 2018 and the insurance is now paid directly to our insurer, Ecclesiastical, in monthly instalments, for an annual total of £6,594.
The church hall has always been insured separately with the same insurer. The amount paid in 2020 was £1,291.
Two claims were made in 2020 amounting to £5,927 which have been offset against “major church repairs” rather than shown as income.
9 . OTHER GRANT INCOME
BHCC Covid-19 Emergency Grant £12,000 Historic England £18,750 Sussex Community Foundation £6,000 All Churches Trust £2,500 Postcode Neighbourhood Trust £12,000 Sussex Historic Churches Trust £12,500 TOTAL £63,750
The sum of £2,872 was received from HMRC in respect of the Job Retention scheme in the year pertaining to our employee Shelley Eldrdery, our Activities Manager, and falls with “other income – code 0950”.
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