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2020-12-31-accounts

Parochial Church Council of Amberley with North Stoke

Trustees’ report and financial statements

For the year ended 31 December 2020

Parochial Church Council of Amberley with North Stoke

31 December 2020

Contents

Reference and Administrative Details 1
Annual Report of the Trustees 2
Statement of Trustees’ Responsibilities 7
Independent Examiner’s report to the Trustees of the Parochial Church Council of Amberley
with North Stoke (the “Charity”) 8
Statement of Financial Activities 9
Balance Sheet 10
Notes 11

Parochial Church Council of Amberley with North Stoke

31 December 2020

Reference and Administrative Details

Trustees The Reverend Gerry Burgess
Mr Stephen Burgess
Mr Michael Davey
Mrs Melanie Edge
Mr Graham Elliott
Mr Guy Leonard
Mrs Mary Leonard
Mrs Glenys Rowe
Mrs Rosalind Simpson
Principal Office The New Vicarage
School Road
Amberley
Arundel
West Sussex
BN18 9NA
Accountants Kreston Reeves LLP
Chartered Accountants
A2 Yeoman Gate
Yeoman Way
Worthing
West Sussex
BN13 3QZ
Priest in Charge The Reverend Gerry Burgess
Churchwardens Mr Michael Davey
Mrs Melanie Edge

1

Parochial Church Council of Amberley with North Stoke

31 December 2020

Annual Report of the Trustees

The Trustees of the Parochial Church Council of Amberley with North Stoke (the “PCC”) present their report and accounts for the year ended 31 December 2020.

Administrative information

The Parochial Church Council of Amberley with North Stoke is a charity.

The PCC is registered with the Charities Commission with registration number 1187780.

The address of the principal office of the PCC is The New Vicarage, School Road, Amberley, Arundel, West Sussex BN18 9NA, and its website is www.amberleystmichael.org.uk.

Trustees

During the year, and to the date of this report, the following served as members of the PCC:

Priest In Charge: The Reverend Gerry Burgess Churchwardens: Mrs Melanie Edge Mr Michael Davey Members: The Reverend Gerry Burgess Chairperson Mr Stephen Burgess Mr Michael Davey Secretary Mrs Melanie Edge Health and Safety Officer and Safeguarding Officer Mr Graham Elliott Treasurer Mr Guy Leonard Deanery Synod representative Mrs Mary Leonard Deanery Synod representative and Electoral Roll Officer Mrs Glenys Rowe Mrs Rosalind Simpson

Structure, Governance and Management

The PCC is an incorporated body governed by the Parochial Church Council Powers Measure (1956) as amended and the Church Representation Rules (contained in Schedule 3 to the Synodical Government Measure 1969 as amended). Legally the council is responsible for the financial affairs of the church parish and the maintenance of its assets, such as churches and church halls, and for promoting the mission of the church.

A PCC is the executive committee of a Church of England parish. The membership requirements for a PCC are prescribed by the Church Representation Rules and include the clergy and churchwardens of the parish, any members of the General Synod, diocesan synod or deanery synod who are on the church electoral roll of the parish, and representatives of the laity elected at the Annual Parochial Church Meeting. Parishioners are warmly encouraged to stand for election to the PCC who try to ensure a balance of skills and experience where possible.

The full PCC met six times (including the Annual Parochial Church Meeting) during the year with a high average level of attendance. The Annual Meeting of Parishioners was held on 26 September 2020.

At the year-end, there were 68 parishioners on the church electoral roll (2019 – 68).

Aim and purposes

The primary aim of the 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 Priest in Charge, the Reverend Gerry Burgess, in promoting in the ecclesiastical parish, the whole mission of the church, pastoral, evangelistic, social and ecumenical.

2

Parochial Church Council of Amberley with North Stoke

31 December 2020

Annual Report of the Trustees (continued)

Objectives and Activities

The PCC:

The PCC fully recognises its obligations with regard to the House of Bishops' guidance on safeguarding children and vulnerable adults and has complied with its duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016.

The members of the PCC confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the charity’s aims and objectives and in planning future activities.

Achievements and Performance

a) Attendance at worship

During 2020, the coronavirus (“Covid-19”) pandemic affected all aspects of church life. In person services were suspended under government regulations from March until the start of July, and again during November. For much of this time the church building was closed completely. Church life migrated swiftly online, and the provision of a weekly email for the benefice with prayers and reflection has reached a considerably wider number than our usual congregation. Service provision was limited at first to short videos linked to the weekly email, but from November it was possible to live stream services. The uptake across Facebook and YouTube suggests viewing figures for these services, live or recorded, averaged approximately 60 per week.

From July to early November, we were able to hold services, which started when government regulations were relaxed. Some of these services were held outside in the churchyard but most of them were held in the church building which was adapted to be a Covid-19 secure environment. Attendance at Sunday services and midweek Morning Prayer recovered to pre-pandemic levels or higher during these months albeit with fewer visitors and more local people. One more informal service which proved popular was the Pet Blessing service, held on the village green.

Harvest Festival was well attended and the short Remembrance Sunday service, held outside at the churchyard War Memorial in line with regulations ruling at the time, was witnessed by some 50 well distanced people.

In person church services at Christmas were limited by Covid-19 concerns and numbers were much lower than usual, however the carol service held in the churchyard proved particularly popular. The online Christmas Day service was much appreciated. One person commented: ‘ I watched the video of your Christmas morning Service at Amberley. It really was lovely, and I was so sorry not to be able to attend it in person. It brought home to me afresh the big messages of the Christmas story, and I was very grateful.’

Parochial Church Council of Amberley with North Stoke

31 December 2020

Annual Report of the Trustees (continued)

This year only one school service was held in the church, the school leavers’ service in July, but contact was maintained by the Priest in Charge through class worship and the year ended with an interactive Christmas service for the whole school delivered by Zoom.

Sadly, the usual joyful weddings and baptisms were all postponed. Funerals and memorial services continued, some of them well attended but others constrained to very restricted numbers at the graveside, but with the hope of a thanksgiving service later on.

b) Teaching, baptising and nurturing new and existing believers

Although there were no baptisms held during 2020 and activities for families were limited, we were able to support our village school in a number of ways. As the first lockdown began in March, Easter packs were given to all of the children, which included a palm cross, an Easter story booklet and an Easter egg. An Easter garden competition encouraged families to reflect on the Easter story through creating and displaying it for passers-by to enjoy. In the autumn, a trail around the churches of the benefice encouraged families to look closely at the buildings and their surroundings.

For adults there were several study groups across the year, including the Bible Course in spring up until lockdown and an Advent course by Zoom. Materials were also provided to encourage prayer and Bible reading at home, especially during times of lockdown.

Midweek Morning Prayer has continued whenever possible, meeting outside over the summer, and in church or on Zoom at other times. The outdoor meetings were particularly well attended. It has been good to join together to pray for individuals and local concerns as well as for the nation and the world during the time of the Covid-19 pandemic.

c) Evangelism and outreach

The Parish Engagement Group (“PEG”) has continued to seek ways of serving the community and building links with those who may be at a disadvantage in any way. The CAMEO group, established as a monthly informal meeting for friendship, particularly for older residents or those who might feel isolated, has also been a valuable support network. An outdoor cream tea was a welcome opportunity to socialise during the respite from lockdowns, but contact was maintained individually even whilst meetings were not possible.

The PEG was involved with a number of activities linking the church and the wider community during the year. Some of these included an element of fundraising but they were primarily held as bridgebuilding social events. Despite the limitations, there was a well-supported outdoor picnic concert and an ‘Amberley Revival’ classic cars event, as well as some smaller scale activities. The hugely popular Christmas Eve procession was replaced for 2020 by a motorcade of nativity characters though the village and an atmospheric nativity tableau set up in a farmyard over Christmas.

d) Provision of the church building for people to enjoy

St. Michael’s church continues to be a place appreciated for its peace and quiet with a well-used prayer corner: that has been especially valued during the anxious times of 2020. Once it had been made Covid-19 secure, the church was open daily as permitted by government regulations for private prayer and for visitors, even before services could resume.

The churchyard, with its recently developed and well-tended wildflower area, has been an attractive and peaceful haven for villagers and visitors alike particularly in the summer, as well as being the setting for a number of services and a memorable outdoor concert.

e) Provision of pastoral care for people living in the parish

The Priest in Charge and members of the church normally visit and keep an eye on a number of elderly and vulnerable members of the community and those recently bereaved. When this was not possible during the year, contact was maintained by phone calls and occasional gifts of cards, flowers and Christmas cakes co-ordinated by CAMEO helpers.

4

Parochial Church Council of Amberley with North Stoke

31 December 2020

Annual Report of the Trustees (continued)

During 2020, pastoral support provided by the church was more closely coordinated with help available through Amberley Parish Council, the village Welfare Trust and the network of local community care set up during the pandemic. The Priest in Charge and others have offered listening support and advice as part of the ‘Covid hub’ provision in the village, whilst many church members have provided practical and emotional support to neighbours during this lonely time.

f) Provision of tangible support to the poor and needy

Collections of food and other items for those in need have been made through the church for Family Support Work and Home-Start, working with parents and children. We worked together with the local school to increase awareness amongst local families of the support offered by these organisations.

Financial Review

a) Results for the year

The PCC recorded a surplus for the year of £8,810, an improvement from the loss made in 2019 of £46,415 which had largely been driven by expenditure incurred on completing tower repairs.

Clearly, the finances of the PCC were impacted by the Covid-19 pandemic during 2020 most particularly as a result of the suspension of services during periods of lockdown. However, and as mentioned below, the PCC was able to mitigate the impact of the resultant reduction in service collections by taking action to constrain costs where appropriate, including use of the Government sponsored staff furlough scheme during the lockdown in the second quarter of the year.

Overall, the surplus for the year in Unrestricted Funds, which largely reflects the operating and charitable activities of the church, was £2,170 (2019 – loss of £3,846).

It was very pleasing to record that total unrestricted income from all sources, including voluntary income, fund raising and income from church activities such as service provision, magazine sales and advertising, and church hall lettings rose to £51,717 from £41,513 in 2019. Within this, collection income fell substantially from £11,141 in 2019 to £4,607 in 2020, but this reduction was more than offset by:

Expenditure from unrestricted funds for the year was £50,013 up from £46,461 in 2019.

The surplus for the year on Restricted Funds was £6,640 which mainly comprised the receipt of the last instalment of the Heritage Lottery Fund grant, the aggregate of which had contributed significantly to the funding of the tower repairs in 2018/19. The loss in Restricted Funds in 2019 was £42,569 due to some £100k of expenditure on the repair work occurring in that year offset by other instalments of grants and fundraising income.

5

ApprovedbyorderoftheTrusteesandsignedo ntheirbehalfby:
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TheReverendGerryBurgess MrGrahamsElliott
ChairpersonandPriestinCharge Treasurer

Parochial Church Council of Amberley with North Stoke 31 December 2020 Independent Examinerfs report to the Trustees of the Parochial Church Council of Amberley with North Stoke {the "CharitV'I I report to the Charity Trustees on my examination of the financial statement5 of the Charity for the year ended 31 December 2020. Responslbllltles and Basls of Report As the Trustees of the Charity, you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2001 Ithe "2011 Act"). I report in respect of rny examination of the Charivs financial statements carried out under Section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charities Commission under Section 14515llbl of the 2011 Act. Independent Examiner's Report Your attention is drawn to the fatt that the Charity has prepared the financial statements in accordance with Accounting and Reporting by Charitie5.' Statement of Recommended Practice applicable to charities preparing their financial statement5 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 in preference to the Accounting and Reporting by Charities." Statement of Recommended Practice issued on l April 2005 which is referred to in the extant regulations but has been withdrawn. understand that this has been done in order for the finaricial 5tatement5 to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice effective for reporting periods beginning on or after I january 2015. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. adequate accounting records have not been kept by the Charity as required by Section 130 of the 2011 Act.. or the financial statement5 are not in agreement with those accounting record5', 01 the financial statement5 do not comply with the applicable requirement5 concerning the form and content of financial statements set out in the Charities IAccounts and Reports) Regulations 2￿8 other than any requirement that the financial statements give a true and fair view which is not a matter considered as part of the independent examination. I have no concerns and have come across no other matters in connection with my examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. The purpose of my work and to whom l owe responsibility This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities IAccounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters l am required to 5tateto them in an Independent Examiner's Report and for no other PLJfpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees, as a body. for my work, or for this report. james Peach, FCA for and on behalf of Kreston Reeves LLP Chartered Accountants Wtsrthing, West Sussex Date.. 31 March 2020

Parochial Church Council of Amberley with North Stoke

31 December 2020

Statement of Financial Activities

for the year ended 31 December 2020

Unrestricted
funds Restricted funds Total funds Total funds
Note 2020 2020 2020 2019
£ £ £ £
Income from:
Donations and legacies 2 32,667 6,877 39,544 77,810
Charitable activities 3 12,918 - 12,918 17,835
Other trading activities 3,4 5,721 - 5,721 6,428
Investments 5 411
 210 621
 703
Total income 51,717 7,087 58,804 102,776
Expenditure on:
Raising funds 1,768 - 1,768 2,995
Charitable activities 48,245
 863 49,108
 148,248
Total expenditure 50,013 863 50,876 151,243
Net gains on investments 466
 416 882
 2,052
Net movement in funds 2,170
 6,640 8,810
 (46,415)
Reconciliation of funds:
Total funds brought forward 306,417 23,271 329,668 376,103
Net movement in funds 2,170
 6,640 8,810
 (46,415)
Total funds carried forward 308,587
 29,911 338,498
 329,668

The Statement of Financial Activities includes all gains and losses recognised for the year.

The notes on pages 11 to 19 form an integral part of these financial statements.

9

;,
~._ a
Note 2020 2020 20.9 2019
£ £ £ £
Fixettassets
Tangibleassets Z 244,641 247,976
1 nvestments 3 14W166 13,284
Zss,sa7 z~~.,z~o
Currentassets
Stacks 30 30
Debtors 3,518 3,926
dashatbankand inhand 83,933 80,207
Q/fYOd fJ'tJ 1~J
Creditors:amauntsfallingduewithin
aneyear (7,790) (15,735}
IV2tCtlrY@tlt8558t5 79,691 EH,4Z8
338,498 329,688
Restrictedfunds 308,587 23,271
Unrestrictedfunds 29,911 306,417
7atalfunds 338,49$ 329,668

Parochial Church Council of Amberley with North Stoke

31 December 2020

Notes

(forming part of the financial statements)

1 Accounting policies

The Parochial Church Council of Amberley with North Stoke (“PCC”) is an incorporated body governed by the Parochial Church Council Powers Measure (1956) as amended and the Church Representation Rules (contained in Schedule 3 to the Synodical Government Measure 1969 as amended). Legally the council is responsible for the financial affairs of the church parish and the maintenance of its assets, such as churches and church halls, and for promoting the mission of the church.

1.1 Basis of preparation of these financial statements

These financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The PCC has elected to apply all amendments to FRS 102, as set out in the Financial Reporting Council's triennial review published in December 2017 and included in Update Bulletin 2 to the Charities SORP (FRS 102), prior to mandatory adoption for accounting periods beginning on or after 1 January 2019.

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The PCC meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

No amendments arising from the implementation of this Standard have affected the Company’s previously published financial position.

1.2 Income

All income is recognised once the PCC has entitlement to the income, it is probable that the income will be received, and the amount of income receivable can be measured reliably.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

1.3 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on charitable activities is that incurred on undertaking the activities which further the PCC's objectives, as well as any associated support costs.

All expenditure is shown inclusive of irrecoverable VAT.

11

Parochial Church Council of Amberley with North Stoke

31 December 2020

Notes (continued)

1 Accounting policies (continued)

1.4 Tangible fixed assets and depreciation

Tangible fixed assets are capitalised and recognised when the future economic benefits are probable, and the cost or value of the assets can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition are included in the measurement of cost.

Depreciation is charged so as to allocate the cost of the tangible fixed assets less their residual values over their estimated useful lives, using the straight-line method.

The estimated useful lives are as follows:

1.5 Investments

Fixed asset investments are financial instruments and are initially recognised at their transaction cost, and subsequently measured at fair value, unless the value cannot be measured reliably, in which case they are measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Net Gains/(losses) on investments’ in the Statement of Financial Activities.

1.6 Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slowmoving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

1.7 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered.

Prepayments are valued at the amount prepaid net of any trade discounts due.

1.8 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with maturities of three months or less from the date of acquisition or opening of the deposit or similar account.

1.9 Liabilities and provisions

Liabilities are recognised in the balance sheet when there is a present legal or constructive obligation arising as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the PCC anticipates it will pay to settle the obligation or the amount received as advanced payments for the goods or services it must subsequently provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.

1.10 Financial instruments

Other than investments, the PCC only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

12

Parochial Church Council of Amberley with North Stoke

31 December 2020

Notes (continued)

1 Accounting policies (continued)

1.11 Fund accounting

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the PCC and which have not been designated or otherwise restricted for use for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the PCC for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aims and uses of each restricted fund are set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

2 Income from donations and legacies

Income from donations and legacies
Unrestricted Restricted
funds funds Total funds Total funds
2020 2020 2020 2019
£ £ £ £
Donations:
Planned giving 7,505 - 7,505 4,350
Income tax recoverable 6,072 - 6,072 4,375
Collections at services 4,607 - 4,607 11,141
Gift days, sundry donations and appeals 13,983 252 14,235 6,224
Legacies - - - 2,500
Grants 500
 6,625
 7,125
 49,220
Total 2020 32,667
 6,877
 39,544
 77,810
Total 2019 23,403
 54,407
 77,810

3 Income from charitable activities

Unrestricted
funds Restricted funds Total funds Total funds
2020 2020 2020 2019
£ £ £ £
Church fees received 2,408 - 2,408 4,576
Church hall lettings 480 - 480 2,255
United Benefice cost recharges 1,543 - 1,543 1,518
Parish magazine 8,487
 - 8,487
 9,486
Total 2020 12,918
 - 12,918
 17,835
Total 2019 17,235
 600 17,835

13

Parochial Church Council of Amberley with North Stoke

31 December 2020

Notes (continued)

4 Income from other trading activities

Income from other trading activities
Unrestricted
funds Restricted funds Total funds Total funds
2020 2020 2020 2019
£ £ £ £
Book and card receipts 29 - 29 -
Fundraising events 4,399 - 4,399 6,371
Coronavirus Job Retention Scheme claims 1,148 - 1,148
Other income 145
 - 145
 57
Total 2020 5,721
 - 5,721
 6,428
Total 2019 355
 6,073 6,428

5 Investment income

Investment income
Unrestricted
funds Restricted funds Total funds Total funds
2020 2020 2020 2019
£ £ £ £
Interest receivable 411
 210 621
 703
Total 2019 520
 183 703

Expenditure on raising funds
Unrestricted Restricted
funds funds Total funds Total funds
2020 2020 2020 2019
£ £ £ £
Fundraising costs 1,768
 -
 1,768
 2,995
Total 2019 146
 2,849
 2,995

6 Expenditure on raising funds

14

Parochial Church Council of Amberley with North Stoke

31 December 2020

Notes (continued)

7 Expenditure on charitable activities

Unrestricted
funds Restricted funds Total funds Total funds
2020 2020 2020 2019
£ £ £ £
Missionary and charitable giving 842 - 842 1,102
Diocesan parish contribution 15,161 - 15,161 13,472
Other clergy costs 3,858 - 3,858 3,456
Church running expenses 9,791 - 9,791 10,253
Church maintenance - - - 368
Quinquennial repairs - 863 863 100,256
Upkeep of churchyard 3,833 - 3,833 3,000
Parish magazine 5,940 - 5,940 6,426
Church hall running costs 4,765 - 4,765 4,277
Depreciation 3,335 - 3,335 3,338
Independent examination fees 720 - 720 855
Other expenses -
 - -
 1,447
48,245
 863 49,108
 148,248
Total 2019 46,315
 101,933 148,248

8 Independent examiner’s remuneration

The independent examiner’s remuneration comprises a fee for the independent examination of £720 (2019 - £855).

9 Trustees’ remuneration

None of the trustees received any remuneration or other benefits (2019 - £Nil) nor did they incur expenses (£Nil).

15

Parochial Church Council of Amberley with North Stoke

31 December 2020

Notes (continued)

10 Tangible fixed assets

Freehold
property
Office
equipment
£
£
Cost
Balance at 1 January 2019
278,000
8,260
Disposals
-
(8,260)


Balance at 31 December 2019 and 31 December 2020
278,000
-


Accumulated depreciation
Balance at 1 January 2019
26,688
8,260
Amortisation for the year
3,336
-
Disposals
-
(8,260)


Balance at 31 December 2019
30,024
-
Amortisation for the year
3,335
-


Balance at 31 December 2020
33,359
-


Net book value
At 1 January 2019
251,312
-


At 31 December 2019
247,976
-


At 31 December 2020
244,641
-


11
Fixed asset investments
2020
£
At valuation
At 1 January
13,284
Revaluations
882

At 31 December
14,166
 Total
£
286,260
(8,260)

278,000

34,948
3,336
(8,260)

30,024
3,335

33,359

251,312

247,976

244,641

2019
£
11,232
2,052

13,284

16

Parochial Church Council of Amberley with North Stoke

31 December 2020

Notes (continued)

12
Stocks
Books for resale
13
Debtors
Other debtors
Prepayments and accrued income
14
Creditors: amounts falling due within one year
Other creditors
Accruals and deferred income		 2020
£
30

2020
£
1,854
1,664

3,518

2020
£
2,458
5,332

7,790
 2019
£
30
2019
£
2,742
1,184
3,926
2019
£
2,406
13,329
15,735

17

Parochial Church Council of Amberley with North Stoke

31 December 2020

Notes (continued)

15 Statement of funds

Current year
Balance at 1
January
£
Unrestricted funds

General funds
306,417

Restricted funds
Collard
5,409
Collard Churchyard
7,117
Bells
2,915
Choir
2,713
Fabric
4,367
Church hall
750

23,271

Total funds
329,688

Prior year
Balance at 1
January
£
Unrestricted funds

General funds
310,263

Restricted funds
Collard
5,399
Collard Churchyard
6,021
Bells
3,060
Choir
2,603
Fabric
48,007
Church hall
750

65,840

Total funds
376,103
 Income
Expenditure
£
£
51,717
(50,013)

10
-
187
-
152
-
-
-
6,738
(863)
-
-

7,087
(863)

58,804
(50,876)

Income
Expenditure
£
£
41,513
(46,461)

10
-
146
-
450
(595)
200
(90)
60,457
(104,097)
-
-

61,263
(104,782)

102,776
(151,243)
 Gains
Balance at 31
December
£
£
466
308,587


-
5,419
416
7,720
-
3,067
-
2,713
-
10,242
-
750


416
29,911


882
338,498


Gains
Balance at 31
December
£
£
1,102
306,417


-
5,409
950
7,117
-
2,915
-
2,713
-
4,367
-
750


950
23,271


2,052
329,688

The Restricted funds are restricted for the following uses:

18

Parochial Church Council of Amberley with North Stoke

31 December 2020

Notes (continued)

16 Analysis of net assets between funds

Analysis of net assets between funds
Unrestricted Restricted
funds funds Total funds
£ £ £
Current year
Tangible fixed assets 244,641 - 244,641
Fixed asset investments 7,726 6,440 14,166
Current assets 64,010 23,471 87,481
Creditors: amounts falling due within one year (7,790)
 -
 (7,790)
Total at 31 December 2020 308,587
 29,911
 338,498
Prior year
Tangible fixed assets 247,976 - 247,976
Fixed asset investments 7,259 6,025 13,284
Current assets 66,917 17,246 84,163
Creditors: amounts falling due within one year (15,735)
 -
 (15,735)
Total at 31 December 2019 306,417
 23,271
 329,688

17 Related parties

There were no related party transactions in the year that require disclosure under the Charities SORP (FRS102).

19