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2021-12-31-accounts

Trustees Annual Report and Financial Report

of The Parochial Church Council of the Ecclesias3cal Parish of

East Preston with Kingston: St Mary the Virgin

for the year ended 31 December 2021

CONTENTS

  1. Trustees Annual Report

  2. Report of the Independent Examiner 10 - 18 Statement of financial ac3vi3es (income and expenditure) including Balance sheet (Assets and Liabili3es statement) Notes to the accounts

Parish of East Preston

Website : www.stmarysep.org.uk

Facebook page : www.facebook.com/groups/stmaryseastpreston Vicar: The Rev Andrew J Perry, The Vicarage, 33 Vicarage Lane, East Preston BN16 2SP Independent Examiner: Mr D Cross

Bankers: Barclays Bank, I Chapel Road Worthing BN11 1EX Registered with the Charity Commissioners: 1180544

This Trustees Annual Report was compiled by the Vicar of St Mary’s East Preston with Kingston, and adopted by the PCC at their meeIng on xxx

Parochial Church Council of East Preston with Kingston: St Mary the Virgin

Trustees Annual Report for 2021

Our Aims and Purposes as a Charity

The PCC of East Preston with Kingston has the responsibility of co-opera3ng with the incumbent, the Rev’d Andrew Perry, in promo3ng in the parish the whole mission of the church, pastoral, social, evangelis3c and, ecumenical. Especially:

Visitors J & P left a note: “I would just like to say what a lovely church this is. We come and sit her quite often - so peaceful. Bless you all."

What we planned to do to achieve our charitable objecKves

When planning our ac3vi3es for the year, our incumbent and the PCC have considered the Charity Commission’s guidance on public benefit and, in par3cular, the specific guidance on ‘chari3es for the advancement of religion’.

After their wedding in July, C & S wrote: “thank you so much for marrying us… can't believe it was a week ago! It was the perfect day and we have so many good memories.”

Some of this is illustrated by the unsolicited tes3monies which appear in the grey boxes scafered through this report.

The council has complied with the duty under sec3on 5 of the Safeguarding and Clergy Discipline Measure 2016, fully recognising its duty to have due regard to House of Bishops' guidance on safeguarding children and vulnerable adults.

We discussed the balance between closing our building to keep our community safe and reaching out to the unchurched through par3cipa3on in village events and in a busy and varied social calendar; our progress towards becoming an Eco-Church; engaging with the Parish Giving Scheme; our finances and future

as a parish; our responsibili3es for Safeguarding and welcoming a new Safeguarding Officer (Tracey Hammond); joining Churches Together in Rus3ngton; and maintaining the fabric of the church building as a historic centre and focus of life in the village.

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What we achieved and how we affected beneficiaries’ lives

A/endance at worship

For the second year running Church life was again massively affected by Covid pandemic lockdowns and restric3ons, which affected regular afendance at worship as well as Occasional Offices. The church building was closed between January and mid April. In-person-worship resumed from 18 April - although the insistency on social distancing and face coverings waxed and waned, becoming advisory between July and December, On 28 Jan L e mailed: “Forgot then compulsory again from 10 December.

On 28 Jan L e mailed: “Forgot to mention how much I enjoy Compline to end each day.”

When the building was able to be used we were able to welcome visitors from within as well as outside the parish boundary. Visitors afend by personal choice, and it is our great pleasure to welcome anyone from all walks of life to take part in the life of the church. We contend that voluntary afendance to worship the Lord Jesus Christ is a major demonstra3on of the public benefit of our ac3vi3es.

For the second year running Holy Week and Easter took place within lockdown - meaning that services had to be accessed via livestream from the parish Facebook Page. For many this was a slightly surreal experience. Palm crosses and prayer cards were distributed in the churchyard.

Following the Music Night in Sept, L H-W wrote: “John and I had such a fantastic evening last night. So uplifting, warm, gentle and humorous. Thank you so much for all the performers and all the organisers for putting on a great gig”

Families @3 con3nued out of lockdown on Sundays - including a special outdoor service to celebrate nature; we held Days of Prayer in April and September (the lafer being a joint venture with Rus3ngton parish).

Throughout the year parishioners relied heavily on social media and live-streaming for staying in touch, communica3on and worship. This provision proved enormously popular and (in the October count) by looking at the Facebook sta3s3cs, it appears that over 600 people accessed online worship. The average regular weekly afendance in person (October count) was 94 adults and 5 children. During lockdown we organised a monthly spiritual communion via Zoom with Green Willow care home and resumed in person visits in July.

Christmas is a very special 3me of celebra3on where many sec3ons of the community come together to join in the services. This was par3cularly the case in 2021 as so much had been cancelled due to the Covid pandemic the year before. However numbers were s3ll down due to restric3ons: school par3cipa3on, Carols Round the Nursing homes and Carols in the Tavern all had to be cancelled, and the usual round of services were afended, but in much lower numbers than previous years. However the parish put on two special Christmas Music Nights and three performances of a musical recital which included the premiere of Christmas at Snow Falls a new musical work by composer Danny Edwards. These were On 31 Jan after the livevery well supported.

On 31 Jan after the livestreamed mass, Mrs W wrote: “We really enjoyed that wonderful service this morning. So full of hope and joy!”

Teaching, bap8sing and nurturing new and exis8ng believers

In 2021 we celebrated 5 weddings; there were 18 church funerals with 17 other funerals conducted for parishioners; 23 burials of ashes and 5 bap3sms. Bear in mind that the church building was only open for eight and a half months of the year.

It was with very mixed feelings that we waved goodbye to Joe & Imogen Padfield as they moved to Seaford and in June Joe was ordained deacon, star3ng his curacy serving the parish of St Peter East Blatchington & St Andrew Bishopstone, Seaford.

Weekly Zoom “Coffee mornings” took over from the usual Thursday mass during lockdown and - during Lent - included discussion and feedback of the various weekly “Lent Challenges” set by the clergy team.

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Evangelism and outreach

The 2021 East Preston Fes3val was curtailed to a weekend of ac3vi3es centred on the Village Green in July, where St Mary’s had a significant presence - including the Friends of St Mary’s Photographic Compe33on (awards which made the local press).

The Women’s Fellowship con3nues to reach out to women the parish and the membership is larger than just the church going element of the group.

Lifle Angels con3nues to draw in toddlers and their carers, re-star3ng in June with numbers increasing.

On 2 Feb after her sister’s funeral, M wrote: “Many thanks for your support and smooth running of Brenda’s funeral today together with the final farewell at the Lychgate. Your prayers and reading from Genesis were what Brenda would have wished for.”

Two highly successful and entertaining Music Nights in September, and then two special Christmas Music Nights at the very end of November reached out to our community in a difficult year.

The PCC’s Mission Commifee produced a Mission Ac3on Plan, using the Diocesan Strategy headings to ensure that

the life and work of the parish is purposeful, forward thinking and embracing of all aspects of church life.

On 10 Feb after the funeral of a family friend, JP wrote: “Just to say thank you for your service for Daphne today. In spite of the temperature outside, the service was a warm 'send off’ for her, celebrating her personality and many gifts. I particularly liked the Committal at the Lychgate, what a lovely tradition! I haven’t seen that done before. ”

Although connec3on with the schools was less this year due to restric3ons and lockdowns clergy were able to visit the Infant school to talk about Chris3an signs and symbols, host the school for Harvest and join the Junior school for their Christmas celebra3ons.

Provision of the church building for people to enjoy

As well as celebra3ng many Occasional Offices in 2021, restric3ons notwithstanding the church building remained open each day between about 8.30am and 5pm and a constant stream of people dropped in to sit, pray, light a candle and enjoy the silence. Many remarked not only how refreshing it is to find an open church but also the sense of peacefulness and spirituality the church pervades. It is important to us that the church is

available for private prayer not just to the church family but to the wider

visi3ng community. The church building con3nues to be appreciated by our parishioners and many others, as a space where life events are celebrated with joy and thanksgiving.

2021 was the year of the Quinquennial Inspec3on and the challenges of maintaining a Grade 1 listed building con3nue to exercise the PCC and especially the Friends of St Mary’s.

Provision of tangible support to the poor and needy

During the year many collec3ons were made for the Liflehampton Food Bank, the Diocesan Family Support Work and Worthing’s Turning Tides homeless project: people showed their love and compassion in prac3cal ways with 3nned, dried and packet goods, toiletries and other essen3als.

FINANCIAL REVIEW

Incoming and outgoing resources

The total receipts on general unrestricted funds received were £85,182 and are detailed in the Financial Report.

During 2021 St Mary’s moved to take up the Parish Giving Scheme (PGS). Take up was slow but steady: gradually people are moving from the envelope scheme and standing orders to the PGS - which was especially helpful in 3me of lockdown.

On 11 Feb after we live-streamed her grandmother’s funeral N wrote: “Thank you for the so lovingly made service for my Grandma. And especially thank you for making it possible to take part from Germany as we couldn’t travel due to the pandemic.”

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The PCC was grateful for various dona3ons to the Fabric Fund, through Friends of St Mary’s as the EPIC Appeal con3nues - over £30,000 has been raised so far.

On 9 Mar following her mum’s of St Mary’s as the EPIC Appeal con3nues - over £30,000 has been raised so far. funeral, SP wrote: “Thank you for giving my mother Betty Sharing the ministry costs of the Diocese of Chichester Clarke such a lovely funeral The largest expenditure facing the PCC was the sum of £74,300 levied by the service. Your words were so diocese for our share of all churches’ Parish Ministry Costs (PMC). This year the kind and helped us contribu3on from St Mary’s was 74% (£55,000). We strive to increase this but enormously…” were pleased - given how difficult 2021 was - that we have increased our contribu3on from 2020 (£50,000: 68%)

The PMC relates directly to the housing, support, s3pend and pension costs of the clergy of this parish, training of new ordinands, a contribu3on to na3onal church funds, and shared costs of the Chris3an family throughout the whole diocese, including assistance towards the upkeep of churches such as ours who are less able to meet their PMC.

Staff costs

The PCC pays for the organist, Mr Daniel Paine, whose musical talents greatly enhance our worship. Further details are provided in the notes to the accounts.

Trustee payments and expenses

The PCC also supported the clergy by paying Council Tax, Water and environmental charges for the Vicarage and curate’s residence. Expenses are also paid in connec3on with official du3es for the clergy.

There were no other payments to the trustees, or persons related to or connected to, the trustees.

Reserves Policy

It is the PCC’s policy:

24 Mar 21 after her father’s funeral, A wrote: “we just wanted to say thank you now for everything you both did to make the funeral go really smoothly. It meant so much to us to have friends and family in our wonderful church and also to know many could watch it online and they’ve already told us how “connected" they felt. We’re so relieved it all went okay and really appreciate your efforts, especially with the extra demands of lockdown.”

(Currently such funds are restricted or endowment funds only)

On 4 September after their wedding Matt & Rosie wrote: “Many of our friends said that it was the best wedding service they have ever been to and we of course completely agree, so thank you so much. Your words around the John 2.1-11 reading were beautiful”

The PCC recognises with gra3tude and apprecia3on those groups and individuals who make their service of God and of His Church clear by their generous giving of their 3me, money and effort. Much of the work of this parish is undertaken by a genera3on who are entering their senior years. Failing health and vigour are reducing energies which could be relied upon in the past.

In order for the Church to thrive and grow we need to con3nue to engage in evangelism, mission and faith sharing to encourage growth in numbers as well as growth in faith, love and service. We were evangelised by those who helped to make Jesus real to us - and they did a successful job (otherwise we wouldn’t be here!) - so we need to do what they did and pass on our faith to

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this current genera3on.

Management of Risks and their mi8ga8on

The PCC has an ongoing task of reviewing the major risks which impact on the work of St Mary's. The usual PAT tes3ng and fire ex3nguisher checks have been carried out.

The PCC consider that the principal risks and uncertain3es are:

The PCC seeks to manage these risks and uncertain3es by regularly reviewing its Mission Ac3on Plan and its plans for greater use of the church buildings as condi3ons allow.

Engaging with the Parish Giving Scheme is a much more reliable, safe, efficient way of maximising support for St Mary’s, and we will con3nue to encourage supporters to use this method.

Future uncertain8es

Our inability to meet our PMC is a concern, but we hope to increase regular giving via a Stewardship campaign to ensure we are in a strong posi3on to meet regular commitments.

The incidence of COVID-19 and the subsequent lockdowns of 2020 and 2021 have had a significant impact on parish finances. There was a resultant decrease in incoming hiring fees for the Spire Room, a reduc3on

On 11 May, about the Easter-online provision, C wrote: “This is a belated thank you for all the online worship so far this year. It has been great to be able to tap in as ever to morning prayer, compline and Sunday mass on occasions. I did so agree with the worship from home - more meaningful as a spiritual community than an empty church… …But I did really appreciate the Easter Vigil in church - beautifully done - and the three women-based Holy Week reflections. The latter was just about the length of time I could stay focussed! Lots of helpful nuggets as well - like the reason the mass is so central to worship.”

in Fees for Occasional Offices and a reduc3on in cash giving both from visitors (when the church was closed) and from regular parishioners who had not joined the Parish Giving Scheme.

It is also important to realise that St Mary’s faces challenges not shared by our immediate neighbours. We are a rela3vely modern parish (achieving separate status in 1914); we do not have historic trust funds, legacies, property, land or investments which provide income. The Spire Room (the closest thing we have to a church hall) is too small for regular hiring as (for example) a nursery. Our building is very small and inflexible for other purposes, and the parish’s demographic (which is quite closely reflected in the congrega3onal structure) is weighed to the re3red fixed income age group.

Structure, governance and management

The Parochial Church Council (PCC) is a charity, and our registered Charity Commissioner’s number is: 1180544. Its governing document is the Parochial Church Council (Powers) Measure 1956.

During the year the following served as members of the Parochial Church Council:
ex-ofcio:
Incumbent:
The Rev Andrew Perry
(Chair)
Curate:
The Rev Emma Ham-Riche
Church Wardens:
Mrs Mary Jeavons
(Vice-Chair)		 In July, J came in to light
a candle and left a note
“Love your beautiful
church as always… bless
you all.”

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Mr Christopher Wood Safeguarding: Mrs Tracey Hammond Deanery Synod: Ms Lucy Hornby Mrs Pauline McLelland vacancy vacancy

Elected members:

Mrs Wendy Allen (Secretary) Mrs Gloria Russell Mr Peter Lewis Mr David Moore Mr Philip Sherwin Mrs Jane Penny Mrs Kathryn Lockyear (Treasurer) Mrs Stella Collier Mrs Nova Brookes Mrs Helen Smith Mrs Vivien Ayling Mrs Jacqueline Collef Co-opted: Mr Colin Crane (Fabric CommiPee)

In August R & C wrote: “Thank you so much for the perfect wedding ceremony! It went so well and was everything we could have wished for. We had many lovely comments from our guests about you and the church”

Membership of the PCC is determined under the Church Representa3on Rules and consists of certain ex-officio members (the clergy, the churchwardens and members of the Deanery, Diocesan or General Synods) and 12 members of the church who are elected at the Annual Parochial Church Mee3ng (APCM). Church members are warmly encouraged to stand for elec3on to the PCC and we try to ensure a balance of skills and experience where possible.

Following his wife’s ashes interment, R wrote: “From the first contact regarding the new stone up to the short service by the grave I very much appreciated the kind and caring way you handled everything”

Electoral Roll Report

At the start of 2021 the Electoral Roll stood at 106. Of these, 60% live in the parish, and 40% live outside the parish. During the year two people led the roll and two people joined the roll.

Nova Brookes, Electoral Roll Officer

Fabric Report

Work on the Church Fabrics was curtailed greatly in 2021 due to the COVID 19 restric3ons.

A new Quinquennial Inspec3on took place in April and became available to us in May. A series of mee3ngs were held to consider the report recommenda3ons and items grouped into three categories:-

1/ Jobs we could do in-house.

2/ Jobs for local builders.

3/ Jobs for specialists.

Chris Wood organised a working party to carry out jobs from category 1. Work has started on these tasks and thanks to all the volunteers for their 3me and exper3se.

Thanks also goes to the volunteers who maintain the safety and presenta3on of the Churchyard.

Colin Crane, Chair Fabric CommiPee

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Deanery Synod

Our parish is part of Arundel & Bognor Deanery Synod, and our representa3ves are Lucy Hornby and Pauline McLelland.

The Deanery Synod has met twice throughout 2021 via zoom due to the Covid Pandemic. Both mee3ngs focused on finance parish contribu3on and the implica3ons and issues of Covid was having on the Diocese and individual parishes.

First mee3ng we're were joined by Archdeacon Luke Irvine-Capel who thanked clergy parishes and parishioners for their generosity throughout the pandemic. He talked about mission and how we could expand and grow including a fresh start to look how much we contribute weekly and to seek new ideas of how regular income can be sourced and given.

The Parish Share which is the biggest source of income will increase by 3.63%. There was an opportunity to ask ques3ons at the end.

For the second mee3ng we were joined by The Bishop of Horsham Rt Rev Ruth Bushyager who spoke about “a call to generosity” and the affects of Covid. She also spoke about re building loss of income re opening of churches in a safe ways incorpora3ng safety measures, social distancing etc.

Parishes were encouraged to pay more of their parish contribu3ons if they could. The mee3ng ended with ques3ons.

Lucy Hornby, Deanery Synod RepresentaIve

This Trustees’ Annual Report was approved by the PCC and signed on their behalf by The Revd. Andrew Perry, PCC Chair.

Signed………………………………………………………………………………

Date…………………………………………………

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PAROCHIAL CHURCH COUNCIL OF ST MARY THE VIRGIN EAST PRESTON WITH KINGSTON

INDEPENDENT EXAMINER’S REPORT TO THE PAROCHIAL CHURCH COUNCIL OF ST MARY THE VIRGIN EAST PRESTON WITH KINGSTON

This report on the accounts of the Parochial Church Council for the year ended 31 December 2021, which are set out on pages 10 to 18, is in respect of an examination carried out under Regulation 3(3) of the Church Accounting Regulations 2006 (‘the Regulations’) and s.145 of the Charities Act 2011 (‘the Act’).

Respective responsibilities of the Parochial Church Council and examiner

As the members of the Parochial Church Council you are responsible for the preparation of the accounts; you consider that the audit requirement of Regulation 3(3) of the Regulations and section 145(2) of the Act do not apply. It is my responsibility to issue this report on those accounts in accordance with the terms of Regulation 25.

Basis of this report

My examination was carried out in accordance with the General Directions given by the Charity Commission under section 145(5)(b) of the Act and to be found in the Church guidance, 2006 edition, issued by the Finance Division of the Archbishops’ Council. That examination includes a review of the accounting records kept by the Parochial Church Council and a comparison of the accounts with those records. It also includes considering any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

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PAROCHIAL CHURCH COUNCIL OF ST MARY THE VIRGIN EAST PRESTON WITH KINGSTON

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 DECEMBER 2021

General Designated Restricted TOTAL FUNDS
Notes Fund Funds Funds 2021 2020
£ £ £ £ £
Income
Voluntary income 2(a) 53,449 6,384 59,833 84,829
Activities for generating funds 2(b) 9,117 927 10,044 6,861
Income from investments 2(c) 5 56 61 117
Church activities 2(d) 13,711 13,711 6,901
Other incoming resources 2(e) 8,900 925 9,825 1,461
────── ────── ──── ────── ──────
Total income 85,182 8,292 93,474 100,169
---------- --------- ------- ---------- ----------
Expenditure
Fund-raising trading costs 3(a) 1,820 183 2,003 2,276
Church activities 3(b) 82,794 1,699 84,493 75,086
────── ───── ─── ────── ──────
Total resources expended 84,614 1,882 86,496 77,362
---------- -------- ----- ---------- ----------
Net incoming/(outgoing) resources before
other recognised gains and losses 568 6,410 6,978 22,807
Transfer between funds
Gains/(loss) on investment assets
on revaluation 181 181 101
────── ────── ───── ────── ─────
Net movement in funds 568 6,591 7,159 22,908
Balances brought forward
at 1 January 2021 40,586 40,940 43,664 125,190 102,282
────── ────── ────── ────── ──────
Balances carried forward
at 31 December 2021 41,154 40,940 50,255 132,349 125,190
══════ ══════ ══════ ══════ ══════

The notes on pages 9 to 18 form part of these accounts.

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PAROCHIAL CHURCH COUNCIL OF ST MARY THE VIRGIN EAST PRESTON WITH KINGSTON

BALANCE SHEET AT 31 DECEMBER 2021

Notes 2021 2020
Fixed assets £ £
Tangible Fixed assets 5 7 7
Investment assets 6 2,032 1,851
───── ──────
2,039 1,858
-------- ---------
Current assets
Stock 250 250
Debtors 8 8,101 39,884
Short term deposits - -
Cash at bank and in hand 130,292 91,145
────── ──────
138,643 131,279
Liabilities: amounts falling due
within one year 9 (8,333) (7,947)
────── ─────
Net current assets 130,310 123,332
---------- ----------
────── ──────
Net assets 132,349 125,190
══════ ══════
Funds 7/10
General 41,154 40,586
Designated 40,940 40,940
Restricted 50,255 43,664
────── ──────
132,349 125,190
══════ ══════

Approved by the Parochial Church Council on and signed on its behalf by :

…………………………… Father Andrew Perry

…………………………… Mrs K Lockyear Honorary Treasurer

The notes on pages 9 to 18 form part of these accounts.

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PAROCHIAL CHURCH COUNCIL OF ST MARY THE VIRGIN EAST PRESTON WITH KINGSTON

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2021

1 Accounting policies

The accounts have been prepared in accordance with the Church Accounting Regulations 2006 together with applicable accounting standards and the Statement of Recommended Practice (SORP) FRS102 (effective 1 January 2015).

The accounts have been prepared under the historical cost convention as modified by the inclusion of investments at market value. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups which are informal gatherings of church members.

The trustees consider that there are no material uncertainties about the Trust’s ability to continue as a going concern.

Funds

Funds held by the PCC are:

General funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC.

Designated funds represent monies set aside by the PCC out of general funds for specific future purposes.

Restricted funds represent:

a) Income from trusts which may be expended only on those restricted objects provided in the terms of the trust or bequest

b) Donations received for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of the year is carried forward as a balance on that fund.

Incoming resources

Voluntary income sources

Collections are recognised when received by or on behalf of the PCC.

Planned giving receivable under gift aid is recognised only when received.

Income tax recoverable on gift aid donations is recognised when the income is recognised.

Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement, the amount due is quantifiable and its ultimate receipt by the PCC is reasonably certain.

Income from investments Dividends are accounted for when due and payable. Interest entitlements are accounted for as they accrue. Tax recoverable on such income is recognised in the same accounting year.

Church activities

Funds raised by the fete and similar events are accounted for gross.

Sales of books and candles are accounted for gross.

Gains and losses on investments

Realised gains or losses are recognised when investments are sold.

Unrealised gains or losses are accounted for on revaluation of investments at 31st December.

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PAROCHIAL CHURCH COUNCIL OF ST MARY THE VIRGIN EAST PRESTON WITH KINGSTON

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2021

1 Accounting policies (contd)

Resources used

Resources expended are accounted for on an accruals basis and are accounted for gross.

Grants

Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC.

Church Activities

The diocesan parish share is accounted for when paid. Any parish share unpaid at 31st December is provided for in these accounts as an operational (though not a legal) liability and is shown as a creditor in the Balance Sheet.

Fixed assets

Tangible fixed assets

Consecrated and beneficed property of any kind is excluded from the accounts by s.10 of the Charities Act 2011.

Movable church furnishings held by the vicar and churchwardens on special trust for the PCC, and which require a faculty for disposal, are accounted as inalienable property unless consecrated. They are listed in the church’s Inventory which can be inspected (at any reasonable time). For inalienable property acquired prior to 2001 there is insufficient cost information available and therefore such assets are not valued in the accounts. Items acquired since 1st January 2001 have been capitalised and depreciated in the accounts over their currently anticipated useful economic life.

All expenditure incurred in the year on consecrated or beneficed buildings, individual items under £1,000 or on the repair of movable church furnishings acquired before 1st January 2001 is written off.

Other fixtures, fittings and office equipment

Equipment used within the church premises is depreciated on a straight line basis over 2 years.

Investments

Investments are valued at market value at 31st December.

Current assets

Amounts owing to the PCC at 31 December in respect of fees, rents or other income are shown as debtors less provision for amounts that may prove uncollectible.

Short-term deposits include cash held on deposit either with the CBF Church of England Funds or at the bank.

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PAROCHIAL CHURCH COUNCIL OF ST MARY THE VIRGIN EAST PRESTON WITH KINGSTON

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2021

----- Start of picture text -----
|||||| |---|---|---|---|---| |2|Income| |General|Designated|Restricted|TOTAL FUNDS| |Funds|Funds|Funds|2021|2020| |£|£|£|£|£| |(a) Voluntary income| |Planned giving:| |Gift aid donations|35,992|35,992|31,489| |Tax recoverable|8,281|270|8,551|9,003| |Legacies|1,755|1,755|33,532| |Collections (open plate)|2,628|2,628|3,572| |Special Collection|550|550|-| |Donations, appeals etc|4,243|6,114|10,357|7,233| |───|───|────|───|───| |53,449|6,384|59,833|84,829| |----------|--------|-------|----------|---------| |(b) Activities for generating funds| |Fund-raising|9,117|927|10,044|6,861| |--------|------|-----|---------|--------| |(c) Income from investments| |Dividends and interest including| |tax recoverable|5|56|61|117| |------|------|-----|--------|--------| |(d) Income from church activities| |Fees from weddings etc|13,711|13,711|6,901| |-------|------|-----|--------|-------| |(e) Other incoming resources| |Grants|8,350|825|9,175|350| |Sundry income|550|100|650|1,111| |────|───|───|────|────| |8,900|925|9,825|1,461| |--------|------|-----|-------|-------| |─────|────|────|─────|─────| |Total income|85,182|8,292|93,474|100,169| |═════|════|════|═════|═════|

----- End of picture text -----

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St Mary’s East Preston

TRUSTEES ANNUAL REPORT & FINANCIAL REPORT 2021

PAROCHIAL CHURCH COUNCIL OF ST MARY THE VIRGIN EAST PRESTON WITH KINGSTON

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2021

3 Expenditure

General Designated Restricted TOTAL FUNDS
Funds Funds Funds 2021 2020
£ £ £ £ £
(a) Fund raising trading costs
Fetes, bazaars, other fund-raising
Events 1,820 183 2,003 2,276
------- ----- ----- -------- --------
(b) Church activities
Special collections 550 550 -
Ministry: diocesan parish share 55,000 55,000 50,000
clergy expenses 1,574 1,574 1,380
parsonage house repairs-
and rates 6,065 6,065 5,272
curate expenses 3,484 3,484 3,129
Church running expenses 3,019 3,019 3,075
Church maintenance 849 849 1,380
Churchyard upkeep 697 697 1,600
Organist and choir 2,718 2,718 1,308
Upkeep of services 1,173 1,173 2,011
Wedding and funeral costs 6,097 6,097 3,269
Depreciation of inalienable assets - -
Printing, stationery and sundry-
Administration 1,247 1,247 1,623
Secretary - -
Sundry expenses 201 20 221 799
Professional fees 120 1,679 1,799 240
────── ──── ──── ────── ──────
82,794 1,699 84,493 75,086
---------- ------- ------- ---------- ----------
──────
────		 ──── ────── ──────
Total Expenditure 84,614 1,882 86,496 77,362
══════ ════ ════ ══════ ══════

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St Mary’s East Preston

TRUSTEES ANNUAL REPORT & FINANCIAL REPORT 2021

PAROCHIAL CHURCH COUNCIL OF ST MARY THE VIRGIN EAST PRESTON WITH KINGSTON NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2021

4

Staff costs 2021 2020
Wages and salaries £2,718 £1,308
════ ════

No other member of the PCC received any reimbursement of expenses or remuneration during the year ended 31st December 2021(2020 £Nil).

5 Tangible fixed assets for use by the PCC

6

Tangible fixed assets for use by the PCC
Keyboard
and
Equipment Microphone Total
Cost £ £ £
At 1 January 2021 4,568 1,058 5,626
-------- -------- --------
At 31 December 2021 4,568 1058 5,626
═════ ═════ ═════
Depreciation
At 1 January 2021 4,561 1,058 5,619
Charge in year - - -
──── ──── ────
At 31 December 2021 4,561 1,058 5,619
------- -------- --------
Net Book Value
At 31 December 2021 7 - 7
═════ ═════ ═════
At 31 December 2020 7 - 7
═════ ═════ ═════
Investments Restricted Total
Funds
£ £
Movements in the year:
Market value at 1 January 2021 1,851 1,851
════ ════
Market value at 31 December 2021 2,032 2,032
════ ═════
Holdings at 31 December 2021:
231 shares in the CBF Church of England investment fund (2020: 231 shares)
81 shares in COIF Charity Funds investment fund (2020: 81 shares)

Page 16

St Mary’s East Preston

TRUSTEES ANNUAL REPORT & FINANCIAL REPORT 2021

PAROCHIAL CHURCH COUNCIL OF ST MARY THE VIRGIN EAST PRESTON WITH KINGSTON

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2021

6 Investments(contd) 2021 2020
£ £
Foundation of George Oliver 366 392
Bell Acre Charity 1,666 1,459
───── ─────
2,032 1,851
═════ ═════

7 Analysis of net assets by fund

General Designated General Designated Restricted
Fund Funds Funds Total
£ £ £ £
Fixed assets 7 7
Investment fixed assets 2,032 2,032
Current assets 49,480 40,940 48,223 138,643
Current liabilities (8,333) (8,333)
───── ────── ───── ──────
Fund balance 41,154 40,940 50,255 132,349
═════ ══════ ═════ ══════
8 Debtors 2021 2020
£ £
Income tax recoverable 7,532 8,678
Other debtors 568 31,207
────── ──────
8,101 39,884
══════ ══════
9 Liabilities: amounts falling due within one year 2021 2020
£ £
Diocese quota - -
Creditors for goods and services 6,488 6,102
Other creditors 720 720
Accruals 1,125 1,125
───── ────
8,333 7,947
═════ ════

Page 17

St Mary’s East Preston

TRUSTEES ANNUAL REPORT & FINANCIAL REPORT 2021

PAROCHIAL CHURCH COUNCIL OF ST MARY THE VIRGIN EAST PRESTON WITH KINGSTON

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2021

10 Fund details

Designated funds

The Designated funds at 31 December 2021 comprise a Planned Improvement Fund and a Fabric fund designated for the maintenance and refurbishment of the church, and a Restoration Fund.

Balance at Incoming Resources Balance at
1.1.21 Resources Expended 31.12.21
£ £ £ £
Planned Improvement Fund 18,796 18,796
Fabric Fund 1,504 1,504
Restoration and Repair Fund 20,640 20,640
────── ───── ──── ─────
40,940 40,940
══════ ═════ ════ ═════

Restricted funds

The restricted funds at 31 December 2021 comprise the Foundation of George Oliver which is for the provision of the Sunday school and religious education, the Bell Acre Charity. The Bell Acre Charity fund arose as a result of donations received for the restricted purpose of the maintenance of the bell and fabric of the Church. The Friends of St Mary PCC have raised funds to finance major repairs to the fabric of the church building.

Balance Gains and Balance
at Incoming Resources (losses) on at
1.1.21 Resources Expended investments 31.12.21
£ £ £ £ £
Trustees of J Lytton 1,004 1,004
Bell Acre Charity
 2,268
43		 207
2,518
Foundation of George Oliver 748
10		 (26) 732
Friends of St Mary’s 39,644
8,239		 1,882 46,001
───── ──── ──── ─── ───
43,664
8,292		 1,882 181 50,255
═════ ════ ════ ═══ ═══

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St Mary’s East Preston

TRUSTEES ANNUAL REPORT & FINANCIAL REPORT 2021