Annual Report & Financial Statements for the yearended 31 December 2020 for PCC of St. Mary's, Hadlow
Contents
ADMINISTRATIVE INFORMATION.........................................................................................................
PCC STRUCTURE,. MANAGEMENT AND GOVERNANCE...................................... ...............................
standing Committee..........................................................................................................................................
Education Committee........................................................................................................................................
Fabric Committee..............................................................................................................................................
Frnance Cotllmittee............................................................................................................................................
Outreach ènd Fundraising Committee.............................................................................................................
World Mission Cornmittee.......................................
OBJECTIVES AND ACTIVITIES..................................................-..............................................................
ACHIEVEMENTSAND PERFORMANCE..................................................................................................
Church Attendance 2020.......-...........................................................................................................................
Review of the Year...-.....-...-....-.........-....-...-......-..-..............-....-........-.....-..........-..............................................
Ftnancial Review.
Reserves Policy..................................................................................................................................................
Risk Managernent.....................................................................................................................................
PCC Responsibilities...........................................................................................................................................
INDEPENDENT EXAMINER'S REPORTTOTHE PCC OF ST MARY'S CHURCH HADLOW FOR THE
YEAR ENDED 3) DECEMBER 2020.........................................................................................................10
Respective Responsibilities of TTUStees and Examiner..............-..................................-................................10
Ba515 of Independent Examinerfs Fleport........................................................................................................10
Independent Examinerfs Statetnent........
.10
STATEMENT OF FINANCIAL ACTIVITIES. 1 JAN 2020 TO 31 DEC 2020.........-.......-.................-..............
BALANCE SHEET AT31 DECEMBER 2020.................-............................................................................12
Notes to the Accounts and the Accounting Policies for the year ended 31 December 2020............
Accounting Policies..................................................................................................................................
Incoming Resources.....-....-....-....-....-....-....-....-.........-.....-........-..............................................................
Resources Expended............................................................................................................................... 15
Debtors and PrepaymentS.......................................................................................................................16
Creditors...................................................................................................................................................16
Church Repair Savings Account.
Capital Reserve Account..........................................................................................................................
Young People's Work (Ypw) and Beacon Funds...................................................................................
Trust Funds.....-.....-.....-..............-...-...-....-......-..-..........-.............-.-............-......-...-..............-...................-. 17
Summary of Unrestrfcted and Deslgnated Funds.............................................................................. 17
Summary of Re5trioted Funds.............................................................................................................18
Summary of setS by Fund................................................................................................................18
Pension Act 2008.................................................................................................................................
10.
12.
PCC as a'going concem,.....................................................................................................................
Income and Expendicure Accounts....................................................................................................
##
|Incumbent
and Chairman|The Reverend|Paul White|
|---|---|---|
|Curate|The Reverend|Nicola Harvey (to September 2020)|
|Churchwardens|Barbara Smith (2O15 —2O2O)||
||John Speed (2O2O —2O21)||
||Michael Payne (2O19 —2O21)||
|Elected Deanery Synod Representatives|||
|Francis Griffiths|(2017 —2020)||
|Val Newell|(2017 —2020,|re-elected 2020 —2023)|
|Kelly Parsons|(2017 —2020)||
|Elected PCC Members|||
|Nicola Canham|(2018 —2021)||
|Melissa Crawshay-Williams|(2020 —2023)||
|Kirsty Finch|(2017 —2020,|re-elected 2020 —2023)|
|Jack Good|(2019 —2020)||
|Jenny Hopkins|(2017 —2020,|re-elected 2020 —2023)|
|Richard Hopkinson|(2020 —2023)||
|Lee Kirk|(2020 —2023)||
|Janice Massy|(2020 —2023)||
|Martin Massy|(2020 —2023)||
|Julia Miles|(2018 —2021)||
|Steve Newell|(2020 —2023)||
|Katerina
Plucknett-Nixon|(2017 —2020, re-elected 2020 —2023)||
|Rachel Packham|(2017 —2020;|resigned
July 2020)|
|Lisa Porritt|(2019—2022)||
|Mark Totty|(2017 —2020)||
|Honorary Treasurer|Martin Massy|(2o19to date)|
|PCC Secretary|Martin Massy|(2o18to date)|
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|STATEME|NT|OF FINANCIAL ACTIVITI|ES, 1JAN|2020 TO 31|DEC 2020|
|---|---|---|---|---|---|
|01-Jan-19-||||||
|31-Dec-19||||O1-Jan-2O —31-Dec-2O||
|||Activity|Unrestricted|Restricted|Total|
|AIIFunds
E|Notes|Incoming Resources|Funds
f|Funds
f|Funds
E|
|71&793||Voluntary
Giving|621562||62&562|
|12,477|2.2|Special Donations/Collections|2,o87|11,241|13,328|
|8,863|2.3|Income from Church Activities|2,364||2,364|
|9&157|2 4|Net Income from Fund Raising Events|1&324||1&324|
|1,297|2.5|Income from Investments||694|694|
|1,144|2.6|Other Ordinary
Income|1&435||1&435|
|1 784
106 511|2.7|Fees for Choir/Organist/Bells/Verger
Total Incoming resources|40
~6,812|~11, 5|40
81 747|
|||Resources Expended||||
|2,989|3.1|Away Giving and Special Collections|150|3,168|3,318|
|174|32|Training
Education
and Support|105||105|
|79&o12|33|Church Activities|54,88o|107|54,987|
|11&031|3.4|Management
and Admin|8,5o4||8,5o4|
|7&323|3 5|Church Repair and Maintenance|1&828|5,784|7,612|
|1,78o||Fees paid to Choir/Organ/Bells|40||40|
|102 0||Total Resources Used|~607|~o|~74 66|
|4&2o2|1o|NET RESOURCES BEFORETRANSFERS|4&3o5|2,876|7&181|
||1o|Transfers between
Funds||||
|4,202||NET MOVEMENT
IN FUNDS|4&3o5|2,876|7,181|
||1o|Fund Balances B/Fwd o1Jan 2020|1o,696|28,853|39&549|
|~4|12|FUND BAEANCEB C&FWD 31 DEC 2424|~)oo)|~yz|~46 7 4|
##
|BALANCE|BALANCE|SH|EET ATy DECEMBE|R|20~o||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|31-Dec-19|||||||314ec-20|||31-Dec-20||31-Dec-2o|
||K|Note|ASSETSAND UABILITIES||||||E||E||
||||Investments||||||||||
||6,671|9|CBFInvestment
Fund|||||||||7&130|
||||Debtors||||||||||
||16,884||Debtors|||||||14,604|||
||||Diocesan Church Repair Fund||||||||||
||12,623|6|Church Repair Fund Savings Acc||||||9,853||||
||||Cash At Bank and In Hand||||||||||
||3,16&||General Current Account||||||759||||
||2,647||FWO Current Account||||||7,857||||
||513|8|Young People's Work Current|A/C|||||1&053||||
||4,858|7|Capital Reserve Account||||||7,071||||
||||Rochester Diocese Deposit A/C||||||||||
||110||Petty Cash in Hand||||||110||||
||23&919||Total Cash at Bank and In Hand|||||||26|o||
||40&803||Total Current Assets|||||||41&307|||
||||Creditors Due Within One Year||||||||||
||(7925)|3|Sundry creditors|||||||1|0||
||32,878||NET CURRENT ASSETS/LIABII.|ITIES|||||||||
||39&549||TOTAL ASSETSLESSCURRENT|||||||||46&7 o|
||||REPRESENTED BYFUNDS||||||||||
||||Unrestrkted
Funds||||||||||
||9,609|10|General Church
Fund|||||||13&254|||
||1,087||Young People's Work|||||||1|||
||10&696||Total Unrestrkted
Funds|||||||||15&001|
||||Restricted Funds||||||||||
||2&096|11|Away Giving (Restricted)|||||||2,002|||
||341||Choir Fund||||||||235||
||6,671||Chancel Emergency
Fund|||||||7&130|||
||266||Church Repair Fund||||||||265||
||16,276||Church Improvements|||||||17,276|||
||822||Beacon||||||||822||
||583||Kibakwe|||||||1,900|||
||||Young People's Work||||||||||
||1,798||Delhi Brotherhood||||||||487||
||||Food Bank|||||||1|612||
||28,853||Total Restrkted
Funds||||||||||
||39&549||TOTALFUNDS||||||||||
||||(Seenotes on following pages)||||||||||
|The PCC approved|||eacco
March|2O21.|||||||||
|Signe|n behalf||||||||||||
|~ ~ ~ O4 ~|~ ~
'~~ ~\|~0 ~ ~ ~||~|~ \ ~~ ~ Ql|~|%|~|~||||
|Rev'|Paul White,||Chairman|Martin Massy,||||Hon. Tre||e|||
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|elow). T|he gain in va|lue is shown
in the Table|below.|||
|---|---|---|---|---|---|
||||Value at|Value at||
|Fund Name||No.ofshares|31Dec 2019(f)|31Dec zozo (f.)|Cain/(Loss) (E)|
|Chancel|Fund|348|6,671|7i130|459|
|an be undesi|gnated
or re-desig|nated.|||
|---|---|---|---|---|
|||General Church|Young People' s|Total|
|||Fund|Work||
|||(~)|(~)||
|Balance at 1Jan 2020||9,609|1,o87|1o,696|
|Movements|in Funds|3,645|66o|4i305|
|Transfers|||||
|Balance at 31 Dec zozo||13854|1i747|151001|
||1c. Summar|y of|R|estrict|ed
Funds|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||'Q||||||
|||Uo~
D
IU||||'D|||C|||V||00||L||
|||lll||V
v
III
lll|0
V
III
IU
Cl|U
I0
V|I
V|'O
U-|o. c
V —U.||IUV
V|O
E
IU|Cl
Cl|I
Q
4J0||10
00|PJ0I-|
||||(~)||(~)|(~)||(~)||(~)||(~)||(~)|(~)||(~)|
|Balance|at1 Jan 2020|2,096|||822|341|266||16,276||6,671||1,798||583||28,853|
|Incoming|Resources||380||||5,783||11000||||1,383||1I317|1,612|«I475|
|Outgoing|Resources|(474)||||(1o6)|(5,784)||||||(2,694)||||(9I058)|
|Increase/(Decrease)|||||||||||459||||||459|
|in value,|investments|||||||||||||||||
|Transfer|from/(to)|||||||||||||||||
|Unrestricted
Reserves||||||||||||||||||
|Transfers||||||||||||||||||
|Balance|at 31Dec 2o20|2,oo2|||822|235||265|17i276||ji130||487||1i900|1I612|31P729|
||1z. Summary ofAssets by Fund|||||||||||||||||
|||||||Unrestricted|||and|||||||||
||Asset|||||Designated|||Funds|Restricted|||Funds||Total Funds|||
||||||||||||||(~)|||(~)||
||Investments||||||||||||7I130|||7I130||
||Current|Assets||||||16,7o8||||24I599|||41&307|||
||Current|Liabilities||||||(1,7o7)|||||||(1,7o7)|||
||Totals|||||||15l001||||31l729|||46l730|||
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|UNRESTRICTED FUNDS —INCOME|||||
|---|---|---|---|---|
|||UNRESTRICTED|FUNDS||
||2019||2020||
|INCOME FROM:|||||
|VOLUNTARY GIVING|||||
|Cash Collections|5&098||2&146||
|Planned
Giving|48,445||45&579||
|Tax Reclaim|15&271||12,321||
|Sundry Donations|1,887||1,8o7||
|YPW Donations|540||540||
|Wall Boxes|477||169||
|Choir Fund Donations||71,718||62,562|
|SPECIAL COLLECTIONS||2,961||2,o87|
|CHURCH ACTIVITIES|||||
|Outreach|9o8||181||
|Funerals|3&620||833||
|Weddings|4&335||1&307||
|Other Fees||8,863|43|2364|
|FUND RAISING||8,764||1&324|
|INVESTMENTS|||||
|Bank Interest|||||
|OTHER INCOME|||||
|Upper Room - Letting|625||337||
|Sundries|519|1&144|1,098|1&435|
|CHOIR/ORGANIST/BELLS/VERGER||1,780||40|
|TOTAL INCOME||95&230||69,812|
|TOTAL EXPENDITURE (from SOFA)||94&51o||65,5o7|
|SURPLUS/(DEFICIT)||720||4&305|
|TRANSFERS TO/FROM:|||||
|Restricted
Funds|||||
|TOTAL SURPLUS/(DEFICIT)||720||4&305|
##
||||UNRESTRICTED|FUNDS||
|---|---|---|---|---|---|
|||2019||2020||
|EXPENDITURE ON:||||||
|AWAY GIVING||||||
|Various Charities|||290|||
|TRAINING
AND EDUCATION||||||
|Sunday Clubs and Young People||||||
|Adult||||||
|Books and Resources||174|174|105|105|
|CHURCH ACTIVITIES||||||
|Visiting Clergy||||||
|Diocesan Offer||ss,oo8||43,200||
|YPW and Beacon||135||||
|Clergy Expenses||705||371||
|Vicarage Expenses||3,469||3,468||
|Sacristy||914||229||
|Insurance||3,164||3&253||
|Gas/Electric/Water||3,899||2&455||
|Upper Room Expenses||333||||
|Choir Director/Organists||4&915||392||
|Outreach
Ik Social Events||619||||
|General
Church Expenses||773|73&934|1,662|55&030|
|ADMINISTRATION||||||
|Printing,
Stationery,|Copier|4,1o6||3&779||
|Professional
Ik Legal|Fees|700||730||
|Gift Aid Envelopes||92||93||
|Post/Phone/Fax||391||642||
|Secretarial
Honorarium||5&720|11&009|3,26o|8,5o4|
|MAINTENANCE||||||
|Church General||6&009||1&020||
|Organ/Piano||1&314|7&323|8o8|1,828|
|CHOIR/ORGANIST/BELLS/VERGER|||1,780||40|
|TOTAL EXPENDITURE|||94&51o||6S,S07|
##
|RESTRICTED FUNDS —INCO|ME 8(EXPENDI|TURE|||||
|---|---|---|---|---|---|---|
||||RESTRICTED|FUNDS|||
|||2019|||2020||
|INCOME FROM:|||||||
|SPECIAL DONATIONS/COLLECTIONS|||||||
|Delhi Brotherhood||1,381||1&141|||
|Christian
Aid|||||||
|Children's
Society||1&105|||||
|Kibakwe
Link||1,o61||1,065|||
|Food Bank||||1,589|||
|Choir||246|||||
|Church Improvements||4&500||6,548|||
|Others||1,298|9&591||898|11&241|
|FUND RAISING|||393||||
|INVESTMENT INCOME|||||||
|Chancel
Fund||1&297|||694||
|Church Repair Fund|||1&297|||694|
|TOTAL INCOME|||11,281|||11&935|
|EXPENDITURE|||||||
|AWAY GIVING SPECIAL COLLECTIONS|||||||
|Christian
Aid|||||||
|Children's
Society||957|||||
|Delhi Brotherhood||82||2,694|||
|Kibakwe
Link|||||||
|Other Special Collections||1,660|2&699||474|3,168|
|CHURCH ACTIVITIES|||||||
|Choir Books/Activities||188|||||
|Church Improvements||4,89o||5,784|||
|Other Activities||22|5&100||107|5,891|
|TOTAL EXPENDITURE|||7&799|||9&059|
|SURPLUS/(DEFICIT)|||3,482|||2,876|
|TRANSFERS TO/FROM:|||||||
|Church
Repair Fund, General|Fund||||||
|TOTAL SURPLUS/(DEFICIT)|||3,482|||2,876|