## **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_ 1. 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. 2. 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_ 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. 4. 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. 5. 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. 6. 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. 7. 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** 1. 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_ 2. 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. 3. 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. 4. 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. 5. £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. 6. 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. 7. 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: 1. accounting records were not kept in respect of the PCC as required by section 130 of the Act, or, 2. the accounts do not comply with those records; or 3. 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”. _Page 14_