Parochial Church Council of St Peter, s Walton on the Hill Report and financial statements For the year ended 31 December 2020 PAROCHIAL CHURCH COUNCIL OF ST PETER'S WALTON ON THE HILL Trustees and other information Registered charity number 1176435 Principal olTiee The Vesty St Peter's Church Bre￿h Lane Walton on the Hill Sutrey KT20 7SD Trustees during 2020 Rev'd Harry Latham (Rector) Rev'd Christopher Hancock (Honorary Assistant Curate) Tom Rhind-Tutt (LLM) John Bishop {Churchwarden until October 2020) Neil Williams (Churchwarden from October 2020) Mo Atkins Andrew Brown (until October 2020) George Curry Anne Edwards (from October 2020) Jean Gurr Ann Liddle Emmeline Moore (until October 2020) Laura Palmer Chris Thomp50ll Secretsry Ruth McHale (until October 2020) Sylvia Williams (from October 2020) Treasurer Mike Giles Parish Administrator Tony Lane PAROCHIAL CHURCH COUNCIL OF ST PETER'S WALTON ON THE HILL Trustees Report for the year ended 31 December 2020 Trustees The ttustees are noted above. Structure Governance and Management The Paiochiaj Church Council of the Ecclesiastical Parish of Walton on the Hill is a regTStered charity, with charity number I1764J5 and is constttuted under the Parochial Church Council Powers Measures (1956) as amended and Church Representation Rules. The Parochial c.hurch Council (PCC) has the responsibility to promote in the parish the whole mission of the Churc￿ pastoral, evangelistic, s(xial and ecumenical The PCC is also responsible for the matntenance of St Peter's Church Walton on the Hill, and its church hall on the Greeo approximately 2(M)yards from the church The PCC has two sub committees" the Standing Committee and the Fabric committee. Objectives and activities The PCC is committed to the Dtocesan Transformation Programme with its present focus remaining on the five objectives set in 2019" Increasing believers and making disciples Growing youth and children's ministry Improving church buildings Encouraging generous gtving Devclop good commuThications This year was a year like no other due to the Coronavirus Paodemic and resulting initial Lockdown and suspension of Church serrices. Services in person were replaced by a recorded mini broadcast from our Rertor and Zi)om Services from the study of our Honorary Assistant Curate. When services resumed in August they were socially distanced and masked with many fewer parishioners in the Con￿gation and no con53re8ationaJ singÉn8. Watton Heath Manor care home was locked down the whole year but with our LLM Tom lihind-Tutt as one of the residents Services were able to b¢ continued. The Read Mark Learn oup, based on a famous 1662 prayer of Thomas Cranmer asking that we might -re￿ mark learn and inwardly digest" the Holy Scripture4 also went online There were also two months of weekly Compline services online. Those who attended these found them very helpful. and we encourage more p¢ople to try them out as we go fonvard. PAROCHIAL CHURCH COUNCIL OF ST PETER'S WALTON ON THE HILL Trustees Report for the year ended 31 December 2020 - continued Churches were closed after Mar¢h 15 2020 and began lo open again from July 5 2020. There was then a second Lockdown in November closing Churche5 fiom the November 8 until the December 6 . From March Little Cherub5 was not able to meet at all. and Ha was not able to visit the pre-school or Primary School. Our own tweenage-teenage group Pctc's was a]50 not able to meet. We had some generous gifts to help with the loss of income from services and several of the congregFation moved to online giving which has been a great help. We would still like to encourage every regular member of the St Peter's worshipping community to think carefully and generously about how they can fund the Ministry and Mission costs of the Church in parallel to how the Friends fund a substantial amwnt of the Fabric and Churchyard Maintenance costs. Emmeline took the Magazine online. as we wete not allowed to distributc that by hand, and as a rewlt the Window in Walton actually Increas￿ its cir(wlation. But it has been a bleak and isolated tirne for many and very restricted for all. Looking forward each of us still has to play our part in being what St Paul ￿led Living Epistles/Letters so that other people find out about the Christian faith througb us. Deanery Synod Our two ex-otyicio Trustees sit on the Deanery Syn￿. which provides the PCC with an important link between the par&sh and the wider structures of the church. The Deanery Synod m¢etings also. unsurprisingly. went online. PAROCHIAL CIIURCH COUNCIL OF ST PETER'S WALTON ON THE HILL Trn$tees Report for the year ended 31 December 2020 - eontinued St Peter's thureh buildings 2019 saw a great deal of fabric-related activity. which left only a srnall amount of work to be completed in 2020. To that end damag¢d panes of clear glass in the large window at the rear of the Lady Chapel were replaced at a cost of £620. A number of small works were also carried out, or are in the Covid-delayed pipeline. to meet the requirements raised by our 2019 Tisk assessment exercise. The only outstanding other works are to make go(xi ar¢ some small patches of peeling paint on the south wall of the nave and some more extensive peeling in the porch window Tecess. Churchyaid maintenance costs are all covered by the Friends of St Peter's. Contractors continued to mow the grass in the chuichyard. to work on trees and to cut the hedges at a totsl ost of £8.259. In additioo an extensive tree management exercise was carried out by contractors at the end of the year at the c05t of Q562. Exceplionaj costs of £1.890 arose from the need to iemove one tree felled by a February storm and another that was in a dangerous condition. Also, a massive effort to clear the churchyard walls of ivy wa5 ¢X¢CUted by the churchyard manager. The nursery. now enjoying the much-improved church hall. has been operating during weekdays, except foi a short break during the first lockdown. The hall has also been used once a month by Pete's. our Sunday morning activlties for younger members, when Covid restrictions have perniitted. However, problems have arisen with the newly installed underfloor heating in the hall. DilTicultie5 were first reported in J8nuary 2020. The problems have persisted. are being monitored and the insurers have been infonned. A new side gate to the passageway at the side of the haIl was Installe￿ and small works have been canied out e.g. on leaking guttering. WoTk to refurbish the flat, which is incorporated in the church hall building, has continued when possible. Covid restrictions have disrupted final decorating. some small works and the fitting of new carpets. We shall proceed with these tasks as soon as lockdown ends. PAROCIIIAL CHURCH COUNCIL OF ST PETER'S WALTON ON THE HILL Trustees Report for the year ended 31 December 2020 - continued Financial review The finances of St Peter's in 2020 were affected by the lockdown5 resulting from the Covid- 19 pandemic. Gross income was £56,000 less than in 2019. but £37.000 of this was due to the exceptional donations ieceived in 2019 for ihe installation of a new projector and sound system and towards the renovation of the Hall. Grants from the Friends of St Peter are reduced by £9,000 as expenditure on the church maintenance programme was much lower in 2020 - the backlog in church maintenance is now much reduced. The norrnal inGorne fell by £16,000 as St Peter's w&s closed for extended periods leading to a reduction in church collections, wedding and funeral fees and fund raising activities. These shortfalls were offset by £7.000 as Stsnding ordeT donations were In￿eaSed by many donors. Gross costs were £108.000 less than in 2019. but £94.0(M) was due to the costs of the projector and sound system and the renovation ofthe Hall. Church maintenance costs were £8.000 lower and careful cost management lead to reductions in overhead costs of £10,000, although the Patish Share contribution increased by £4.000. We were fortunate to receive two legacies as exceptional income: £14.0￿ was credited to the General Fund and £1,718 to the JTW major projects endowrnent fund. During the year the Hall and flat were valued at £400.(M)O. an increase of £150,000 over the last valuation in 2006.This increased valuation has been incorporated into the accounts. The undesignated general reserves at December 2020 amounted to £153.049, which equates to more than twelve months nomlal expenditure". on this basis the PCC considers itself to be a going concern. PAROCHIAL CItURCH COUNCtL OF ST PETER'S WALTON ON THE HtLL Trustees Report for the year ended 31 December 2020- continued Risk Management The Trustees have assessed the major risks to which St Peter's is exposed. The PCC is satisfied that review systems have been established which. under nomal circumstances, should allow th¢se tisks to be managed and mitigated to an acceptable level in its day-t￿aY operations. Independent Examiner Mr Peter Renshaw has been re-appointed as independent examiner for the ensuing year. The Rectory Breech Lane Walton on th¢ Hill Surrey KT20 7SD Signed on behalf of the Trustees 26 March 2021 Rev'd Harry latham PAROCHL4L CHtIiCH COIThCIL OF ST PETER'S 11".4LTON OJ IHE HILL ST.4TEIIL)T OF FLN.&NCL4L .4CrnITIES For the i.ear ended 31 Decenther ?O?O I"nrtslrirttd GeneTrt Restricted Endowmtttt Total Fwid Funds Total CO.IILNG RESOIBCES 'oIunLirs' inco¥ne .4ctiiitie% foi generating fiJnd5 tncome from inTr"esBRenis come from Clnth acii4itits {a) ?.51i i.981 i.6SO 21 Totsi illcowing re$o•rces 99.9S- RESOIIiCES LITENDED Chwch actiiilies Cost of aclii'ilits senerat#]g fimds Goi-ernance c05t5 94.19! 94.19! io? 70) 698 Tot41 resources tW4ded ei (ouigoin&. incoming iesource5 before ex£eptiOn21 income 5.69) S.69) (4g:i)?) FJceptionalincoffle 14.( i.:Is et (outgoinvl incotmirhv re50wces after eweptionalincorne 19.69) 1.411 (4S,13?) Gains Oosse5)onfreeholdland andb￿d￿lgs andini'e5tment assets: on sale on rei"altsation 15i.iO? li-._189 6.osi (iO:%09) Balance br(*ughtfornard at l Januars.:.O?O Balance witdf0rn2rd at 31 DeceThbu ?0!{ Page I P.4ROCHL4L CHLTrCH COlThCtL OF ST PETER'S MALTON ON THE HILL B_￿L￿NCE SHEET.4T 31 DECEIIBER 2020 ?o?o ?019 FThTD.4SSETS 41)O.OC(l ?iO.000 1.117 47.81) 4il.IL7 Tr97,81) InE"e>toiellE EII)OIIIJEI7 FL)T)S .4SSETS Ini"e5ttnents C2sh at bank Cash ar Stockbrokers 83.74) 1s.sio C11UIEN7.ISSETS Deb(ors Shon (erni depostt Cash at bank j.sry j 70.OiO 31.9S3 107.8iS 3,673 iO,OiO 86.S94 LL4BJLTtIES creth.iors due in one lear and defetred mcome 1.9 T CiIU(E)I.4SSETS 84.930 TOT.4L ITT.4SSETS 6iS_79 P.4RISH FiITIS Lnrestricied general fimds Lnde5igllaied Designated Total Lnresrricted gcner31 funds End0￿"Melli fvnds l )3.￿9 1?9.68? ryi3.063 jji 740 38? 74- 10) j 90.47? Oi$.?9* 479.)17 Appro%ed bN' the Parochgl Church CouttcA oo ?6 Il¥ch )O*l aad sigaed on behalf b%-. Lathamffie(ior) ' KJ.L.Lg litknael Gaes(Treasurer) The nores OD pages 3 to 6 of these accounts. P.4ROCHL4L CHLIiCB COIThC]L OF ST PETER'S 11".4LTON ON THE HILL OTESTOTHE ED.I).4CL4L ST.4TESILNIS forthe Tearellded 31 Decembtr *O•O ¢¢4￿￿ed TotAI 4040 Tot31 •019 DCOIDCRESOiTCES 3e.c4< 3C.¢45 6.J17 i¢.C6-. 9,7<0 15.:6: 1:.043 34.549 9_-¢¢ 13.GCC 69.:99 69.=99 - (bl Acti%iiAes=iY 3.9S4 3.984 (d>lacomt &oEn ohFr¢h xtiyiu 2.873 4.966 Chtr¢& l•tt .6Q6 ¥1 FundJ 3BisofRCESLmT¥ED 4CQ Pattsh share 45.-40 s.c3-: p¥oJettor .69% 3.441 qsé 96 88 Lpkeèp 0: 31E3t.èwk*aodrobEJ )rJÉhoil D-th*H3U 88 34) 6S.991 J30 ,33Q S.:83 Ctr.L¥l f4Md Iocome units ottht CBFknYstriethF￿d.I[aktl a¥EJaw ?O)O Rei"abJaiion gaiti 4-..815 13tht i71ue * il De£embu ?O?O ) Tht eadowJlleDI fund h)come ￿1[5 of the CBF ¥ni-esknttit F￿]d-￿talKe{ i.abje ?010 Rei"aluaTiOll Éau) 4"..S58 kei %"the at il Dxefftbtr !020 (c) The JTII" m*jorp￿)etts endowmtni fty*d Tni"tsco PttpeDJai Globaltat!eiedfihid- Ilalkrfi-kne at l J&w" 10?0 Balte Gdyord QobailAngedfi2Dd_IfarL"ei Tr"akn * 15*waTh ?O)O 11.093 Pfoceeds of sate Goitt ott sale jl.-9? Cost of tncor¢twuts of the CBF Tni'estsientFund Rti'abjation sain ta&ti JI December!OJ) fatk.et t￿t ofendoThTreni at il DtctMber_￿?Q 8).".45 The LndeS&gna*df￿afePrtsellts thePCCs fret ¥eser4Ys The Dtsiwted fund-frtehold tand ar1d￿￿t￿￿£S repre5en15 the PCCS iniestyentm the ChwchHall andfiat. DesiEnatedfimd.Bene6ce I'ii55ion flnd is to be usedfor es"ent5 Otprograovne5 thai reath Qui to tommunicaie the Gospelof Jesus ro thepeople of theLmtedBenefrt. The DtS12natedfimd. louth and C￿¢￿*￿15 to beustd io fmaoee acmiries andttsowces f*)rA.od￿g people. The in¢Lme from the Endo￿l￿ettIE￿d caobe usedforthewoth" ofthe Clwch at St Peters. The ml'rnajoiprojects endoBirLéntfth)dis a lonz temL Lwendablt re5eTh"e fijnd io swort all aspecls ¥)f the of stPeterS￿cknd￿g exceptiottal Costs of maintsirffjg the chureh andchwchN-ard. Page 5 P.IROCHL4L CHLIiCH COiThaL OF ST PETER'S 11".4LTO.N O.N TBE HILL OTES TOThE FD.&N.4CL4L ST.ITDILNIS hrtheYtareRded31 De¢