Trustees Annual Report and Financial Statements
The Parochial Church Council of Saint Mary, Kemp Town Year ended 31 December 2021
| Contents | |
|---|---|
| Annual Report | 2 |
| Report of the Independent Examiner | 7 |
| Statement of Financial Activities | 8 |
| Balance Sheet | 9 |
| Statement of Assets and Liabilities | 10 |
| Fund movement by type | 11 |
| Analysis of Income and Expenditure | 12 |
| Notes to the financial statements | 14 |
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, 21 Mariners Quay, Littlehampton, West Sussex, BN17 5DA
Page 1
The Parochial Church Council of Saint Mary, Kemp Town
Year Ended 31 December 2021
Trustees Annual Report for 2021
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 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 Ms Naume Chawuluka Mr Michael Folkard Ms Kaye Inglis Mr Philip Davis, Treasurer Deanery Synod Representatives: Mr Paul Stacey Mrs Denise Sutherland Mr Philip Davis
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:
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worship and prayer: learning about the gospel, and developing their knowledge of and trust in Jesus Christ,
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provision of pastoral care for people living in the parish,
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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 2021, there were 105 members on the church roll, of who over 70% are not resident in the parish. The weekly attendance in 2021, counted during October in accordance with the church statistics requirement, was 53, compared with 51 in 2020.
There were no baptisms or weddings in 2021. There was one service of thanksgiving and one service of prayer and dedication after a civil marriage. Parish clergy conducted six funerals at St Mary’s and three at crematoria. There were two burials at other churches and three burials of ashes.
Review of the year
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Covid-19 continued to disrupt the church’s normal services and activities. Sunday worship was livestreamed every Sunday; a practice that is continuing now that public worship has been resumed on Sundays. Public worship at the smaller weekday services has continued. We were able to conduct our normal complement of Christmas services in public with the Mayor for Brighton and Hove, Cllr Alan Robins and MP for Kemp Town, Lloyd Russell- Moyle in attendance. Social distancing remained in place throughout the year.
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The full PCC met five times by Zoom during the year, in January, May, June, August and November. Each meeting was quorate. Minutes of the deliberations were received by the full PCC and discussed where necessary.
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On Sunday 27th June 2021 , the Reverend Sarah Van den driessche was priested by Bishop Ruth at St Nicholas, Worth and celebrated her first mass on the following Sunday followed by blessings from the new priest in the Lady Chapel.
Page 3
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On 7th July 2021, St Marys hosted an Archdeaconry Confirmation service with the Bishop of Horsham Ruth Bushyager together with the availability of the holy oils. We had three candidates from St Mary’s, Kaye Inglis, Christopher Chadburn and Philip Davis.
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On Sunday 17th October 2021, we welcomed the Bishop of Lewes, Will Hazelwood, to preside and preach at our 143rd anniversary of consecration of the current building.
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Our annual income continued to be 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 £84,000 in Covid-related grants, and a further £8,301 From Brighton and Hove City Council of which was for revenue-support purposes. We received a legacy of £5,000 from the estate of Pamela Fludder, which was used to install a new boiler in the choir vestry which also heats the sacristy.
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Grants of over £120,000 received in 2020/2021 have funded the removal of asbestos from the old boiler room beneath the sacristy competed in February 2021; the re-pointing of and masonry, rainwater and roof repairs to the east-facing aisle, completed in May 2021, and the refurbishment of the accessible toilet in the church hall along with the installation of a shower completed in May 2021. The PCC notes it’s thanks to Dr Katherine Prior for her work in accessing the funding and overseeing the works as Project Director. The balance of the work was fully funded from cash-flow without recourse to the PCC’s investment fund reserves.
In the year we completed full electrical improvements to both the hall and the church and have fully certified supplies for both premises. A further grant of up to £52,360 has been awarded by the Culture Recovery Fund for work to the South Aisle windows which is due to commence in January 2022. The total cost is projected at £65,450 net of VAT and a parishioner has made an anonymous donation of £2,000 towards the project. The PCC has underwritten the difference of £11,090 from reserves. A further grant application for £5,000 has been made to the Sussex Historic Churches Trust to reduce any burden on reserves. It is hoped again that if the grant is successful, the balance can be funded from cashflow.
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In 2021 St Mary’s also secured a Covid-related grant of £1,090 from the National Lottery Heritage Fund as the remaining balance of £10,900, (£9,810 paid in 2020) 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 and reviewed positively by the DAC. The works are expected to cost between £120,000 and £150,000. A fundraising campaign is planned to undertake these works. The need for a toilet and improved catering facilities in the church has been greatly increased by Covid-secure hygiene and social distancing regimes. The plans have now reached faculty stage and tenders have been invited. The grant was used towards the fees for drawing up the plans to faculty stage, without recourse to PCC reserves. No monies have been drawn from reserves in 2021.
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This year has continued to be 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.
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In common with other parishes in the Deanery we produced our Parish Ministry Action Plan which was submitted in time to the Diocese by Advent 2021.
Page 4
Financial Review
- Total receipts (general unrestricted and restricted funds) were £239,173. Total outgoings were £289,401, a deficit of income over expenditure of £50,228. However, because these figures include significant amounts of income and expenditure related to the building works, the overall deficit 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 | 117,399 | 113,473 | 239,173 |
| BHCC Grant | 8,301 |
||
| Expenditure | 110,167 | 179,234 | 289,401 |
| Net Surplus | 15,533 | (65,761) | (50,228) |
- We gratefully acknowledge the support of the Local authority with a Covid-19 recovery grant of £8,301.
3. Without the BHCC Covid grant, the surplus would have reduced to £7,232 and further to £2,232 without the legacy of £5,000 from Pam Fludder’s estate.
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The largest items of PCC expenditure were £126,748 spent on major building repairs, including architect’s fees on the remaining Phase 2 repair project. In addition £960 has been spent on the South Aisle windows project towards the tender stage.
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£40,000 was paid in the year to the Diocese as our pledge towards the Parish Ministry Contribution (PMC). This pays towards 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.
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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 a repayment date of 31 December 2021. The sum was repaid in full in September 2021.
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We maintain a balance of restricted funds via our deposit account which stood at £3,000 at the end of 2021 made up of Letitia Trust balances of £1,000 and a gift of £2,000 from a parishioner for the repairs to the windows in the South aisle works in 2022. The remaining restricted funds as per our investment funds are detailed in our accounts. The Friends account is restricted for fundraising purposes.
Page 5
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.
It is PCC policy to invest funds with the CBF Church of England Deposit Fund. The fund balance at 1 January 2021 was £46,750 and £3,000 at 31 December 2021.
The Archdeacon’s loan of £50,000 was repaid on 30 September 2021.
Total cash available as at 31 December 2021: £130,278. Approved and signed on their behalf by
Reverend Andrew J Woodward Chair of Trustees.
18th March 2022
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Parochial Church Council of the Ecclesiastical Parish of Kemp Town: Saint Mary Year ended 31 December 2021
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: 21 Mariners Quay Littlehampton, West Sussex.
Date: 23 March 2022
Page 7
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 Investment assets Tangible assets Restricted Building Fund Day School Trust Friends Fund LTT Fund South Aisle windows Robertson Trust Fund Tea and Company |
58,161 2,000 - 60,161 49,116 48,449 - - 48,449 27,337 3,350 - - 3,350 4,018 126,713 500 - 127,213 124,837 |
| 236,673 2,500 - 239,173 205,308 2,002 - 2,002 746 79,023 - - 79,023 78.988 208,376 - - 208,376 74,310 |
|
| 289,401 - - 289,401 154,044 |
|
| (52,728) 2,500 - (50,228) 51,264 28,017 (28,017) - - - - - - (429) - (429) 5,050 |
|
| (25,140) (25,517) - (50,657) 56,314 |
|
| 212,129 28,812 - 240,941 184,627 |
|
| 186,989 3,295 - 190,284 240,941 |
|
| 22,779 - - 22,779 1,240 - - - - 46,250 122,410 - 122,410 122,839 41,800 - 41,800 41,800 - - - 27,652 - - - 295 295 660 1,000 - 1,000 500 2,000 - 2,000 - - - - - - - - - |
|
| 186,989 3,295 - 190,284 240,941 |
Page 8
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 110001101S 6040 CBF Fixed Interest Sunday School 110001259F Sub Total Funds 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 110001101S 6040 CBF Fixed Interest Sunday School 110001259F Sub Total Funds 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 3,000 46,750 20,458 17,862 65,526 69,995 20,561 17,988 15,865 16,994 125,410 169,589 12,725 12,725 26,122 26,122 3,159 3,159 18,000 18,000 185,416 229,595 6,001 11,400 295 660 - - - 357 6,296 12,417 - - 172 (77) (1.600) (994) (1,428) (1,071) 190,284 240,941 (50,228) 51,264 240,941 184,627 (429) 5,050 190,284 240,941 22,779 1,240 164,210 210,889 3,295 28,812 - - 190,284 240,941 |
|---|---|---|
| Fixed assets 6000 CBF deposit fund 610369002D 6010 CBF Investment Fund Income 610369001S 6020 CBF Fixed interest 610369001F 6030 CBF Investment General Religious 110001101S 6040 CBF Fixed Interest Sunday School 110001259F Sub Total Funds 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 9
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 110001101S - CBF Fixed Interest Sunday School 110001259F - 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 26,122 - 3,159 - - 3,159 3,159 |
| - 42,006 - - 42,006 42,006 - 3,000 - 3,000 46,750 - 20,458 - - 20,458 17,862 - 65,526 - - 65,526 69,995 - 20,561 - 20,561 17,988 - 15,865 - 15,865 16,994 - - - - - - - - - - - |
|
| - 88,984 36,426 - 125,410 169,589 - 18,000 - - 18,000 18,000 |
|
| - 18,000 - - 18,000 18,000 6,001 - - 6,001 11,400 295 - - 295 660 - - - - - |
|
| 6,296 - - 6,296 12,060 - - - - - 357 |
|
| - - - - - 357 172 - - - 172 - |
|
| 172 - - - 172 - - , - (1,600) - - - (1,600) (1,071) - |
|
| (1,428) 148,990 36,426 - (1,428) (1,071) |
|
| 4,868 148.990 36,426 - 190,284 240,941 |
Page 10
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 South Aisle windows Restricted Sub-total for Windows 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) - - - - |
- - - - - |
|
| - - 660 - (365) - |
- - - 295 |
|
| 660 (365) - 122,839 - - |
- 295 (429) 122,410 |
|
| 122,839 - - 500 500 - |
(429) 122,410 - 1,000 |
|
| 500 500 - - 2,000 - - |
- 1,000 2,000 - - |
|
| - 2,000 - - - - |
- 2,000 - - |
|
| - - - - - - |
- - - - |
|
| - - 41,800 - - - |
- - - 41,800 |
|
| 41,800 - - - 1,240 236,673 (242,786) 27,652 |
- 41,800 - 22,779 |
|
| 1,240 236,673 (242,786) - |
- |
|
| 240,941 239,173 (289,401) - |
(429) 190,284 |
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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 /candle 0210 - All other donations 0220 - All other donations - Refreshments 0240 - All other donations - Flowers 0250 - All other donations - Music/Organ/recitals 0270 - All other donations – Just Giving receipts 0320 - Gift aid recovered 0340 - Legacies received 0520 - Friends donations Total Income from charitable activities 0230 - Loyalty Bank payments 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 - balance 0405 - Grant Income - Phase II 0410 - Grant income - Letitia Tilbury 0420 - Grant income Sussex Historic Churches Trust 0430 - Other Grant Income – see note 9 0000 – BHCC- Covid Recovery fund 0950 – JRS – Job Retention Scheme 0951 - Other Income - Big Issue Total* |
Total Unrestricted Designated Restricted Endowment This year Last year 29,083 - - - 29,083 29.535 4,533 - - - 4,533 4,067 233 - 2,000 - 2,233 125 5,533 - - - 5,533 2,900 1,875 - - - 1,875 604 74 - - 74 173 - - - - - - - - 2,980 - - - 2,980 1,031 8,840 - - 8,840 10,581 5,000 - - - 5,000 - 10 - - - 10 100 |
|
|---|---|---|
| 58,161 2,000 - 60,161 49,116 40 - - - 40 - 957 - - - 957 - 9,737 - - 9,737 3,033 10,340 - - 10,340 10,415 - - - - - - 5,500 - - 5,500 3,085 19,699 - - 19,699 9,698 153 - - 153 41 2,023 - - - 2,023 1,065 |
||
| 48,449 - - 48,449 27,337 3,350 - - - 3,350 4,018 |
||
| 3,350 - - - 3,350 4,018 26,449 - - - 26,449 11,242 1,090 - - 1,090 9,810 76,934 - - - 76,934 33,220 - - 500 - 500 500 6,000 - - - 6,000 12,500 4,500 - - 4,500 39,250 - - - - - 8,301 - - - 8,301 12,000 832 - - - 832 2,933 2,607 - - - 2,607 3,382 |
||
| 126,713 500 - 127,213 124,837 |
||
| INCOME TOTAL | 236,673 - 2,500 - 239,173 208,308 |
Page 12
Unrestricted Designated Restricted Endowment This year Last year
EXPENDITURE
| Raising funds 2200 - Fees - Recitals 2215 - Church Licensing 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 included in 2101 2220 - Fees - Deputizing clergy 2230 - Fees - Deputizing organists 2300 - Bank and card charges 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 - Diocese 2410 - Vicarage council tax 2420 - Vicarage water rates 2450 - Telecoms - Church 2460 - Asbestos removal 2470 - Telecoms Vicarage 2600 - Church - Liturgical supplies 2610 - Church - Charitable giving 2620 - Church - Consumables 2625 - Church - Equipment 2635 - Church - Insurance 2640 - Church - Major repairs/ Tower room plans 2021 2640A - Church - Phase II Major Repairs 2710 – Phase II retention – Stone Edge 2920 - Church Hall - Maintenance 2930 - Church Hall Insurance 2940 – Church hall – Major Repairs 2950 - Other Expenditure Total |
1,696 - - 306 - - - - - - - |
1,696 746 306 - - - |
|---|---|---|
| 2,002 - - 40,000 - - - 2,032 - - - 8,175 - - - - - - - 316 - - - 2,855 - - - 510 - - - 10,516 - - - 790 - - - 507 - - - 1,674 - - - 5,583 - - - 232 - - - 127 - - - 2,036 - - - 1,871 - - - 571 - - - 212 - - - 576 - - - 440 - - - |
2,002 746 40,000 41,666 2,032 1,073 8,175 8,597 - - 316 145 2,855 2,375 510 - 10,516 10,778 790 1,141 507 - 1,674 1,640 5,583 5,172 232 182 127 130 2,036 1,695 1,871 1.310 571 1,414 212 305 576 780 440 584 |
|
| 79,023 - - 1,249 - - - 2,481 - - - 584 - - - 1,155 - - - 14,362 - - - 1,146 - - - 872 - - - 2,847 - - - 2,501 - - - 855 - - - 6,129 - - - 8,400 - - - 127,709 - - - 9,560 - - - 5,321 - - - 1,292 - - - 19,203 - - - 2,710 - - - |
79,023 79.734 1,,249 948 2,481 2,365 584 533 1,155 998 14,362 - 1,146 1,034 872 702 2,847 4,028 2,501 3,522 855 848 6,129 6,592 8,400 6,100 127,709 36,047 9,560 1,247 5,321 5,888 1,292 1,291 19,203 1,212 2,710 955 |
|
| 208,376 - - - |
208,376 74,310 |
|
| EXPENDITURE TOTAL | 289,401 - - |
289,401 154,044 |
| GRAND TOTAL | 289,401 - |
(50,228) 51,264 |
Page 13
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
| 2021 | 2020 | |
|---|---|---|
| Church | - | - |
| Church Hall – at cost freehold property | 12,725 | 12,725 |
| Church Hall Flat – renovations at cost | 26,122 | 26,122 |
| Equipment – at cost | 3,159 | 3,159 |
| Piano | 18,000 | 18,000 |
| --------------- | --------------- | |
| 60,006 | 60,006 | |
| --------------- | ------------ |
3. INVESTMENTS
The investments are held by the Central Board of Finance on behalf of St Mary’s Church, Kemp Town, Brighton.
Income from investments, at £3,350 was slightly down on last year, £4,018 due to a reduction in bond yields. The capital value of the investment funds reduced overall by £429 in the year. No capital withdrawals were made from our investments in the year.
4. INVESTMENT ASSETS
CBF deposit fund 610369002D 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 £3,000 at 31 December 2021. The total for the other investment fixed assets is as follows:
| Unrestricted | Restricted | Endowment | Total funds | Prior year | |
|---|---|---|---|---|---|
| funds | funds - Cust. | funds | total funds | ||
| Trustee | |||||
| Investment | £85,984 | £36,426 | - | £122,410 | £122,839 |
| Assets |
Page 14
5. AMOUNTS FALLING DUE WITHIN ONE YEAR
Creditors due within one year are broken down as follows:
| Diocesan Loan General fund (Unrestricted) |
2021 2020 - - 1,428 1,071 |
|---|---|
| 1,428 1,071 |
6. LEGACY
One legacy in the sum of £5,000 was received from the estate of the late Pamela Fludder.
7. GIFT AID AND LISTED PLACES OF WORSHIP GRANT SCHEME
The sum of £8,839.75 was recovered in this calendar year from Gift Aid. £5,533.48 was accrued from the Gift Aid Small Donation Scheme GASDS, which includes donations via the Goodbox, square machine, donation and candle box. We are now reclaiming gift aid at regular two monthly intervals.
The amount of equivalent VAT claimed under the Listed Places of Worship Grant Scheme (LPWGS) amounted to £26,448.72.
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 £6,129.
The church hall has always been insured separately with the same insurer. The amount paid in 2021 was £1,292.
No claims were made in 2021.
9 . OTHER GRANT INCOME
| BHCC Covid-19 Emergency Grant | £8,301 |
|---|---|
| Historic England | £6,250 |
| National Churches Trust | £5,984 |
| National Heritage Fund | £1,090 |
| Sussex Historic Churches Trust | £6,000 |
| Archbishops Council - Culture | |
| Recovery Fund |
£64,700 |
| Bernard Sunley | £3,000* |
| John Booth Charitable Trust | £1,000* |
| St Peter’s Brighton | £500 * |
| Letitia Tilbury Tarner | £500 |
| TOTAL |
£97,325 |
The sum of £832 was received from HMRC in respect of the Job Retention scheme in the year pertaining to our employee Shelley Eldrdery, our Activities Manager.
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