2020-12-31-accounts - Working Funds In Connection With St Nicholas Church

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Report on the proceedings of the Parochial Church Council and General Parish Activities 2020/2021

The PCC has appointed the following three committees

Standing Committee Fabric Committee Finance Committee

This report covers the period since the last APCM in October 2020. During this time the PCC has met on four occasions, and by Zoom only in the light of government COVID restrictions. The PCC has considered at each meeting how to continue the worship of the church and ensure the safety of those attending during the pandemic. It has reviewed arrangements for worship and associated risk assessments. It also receives a report at each meeting on safeguarding and health and safety and the PCC has complied with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016, namely to have regard to House of Bishops’ guidance on safeguarding children and vulnerable adults.
The PCC has followed the practice of having a main item for consideration which is generally of longer term and strategic importance, as follows:
November 2020: Reaching out to families and children, with Canon Margaret Dean
January 2021: Taking stock part way through the pandemic, resilience, learning
March 2021: Our response to climate change,with the Diocesan Environment Officer
May 2021: Looking ahead to options for the future ministry of St Nicholas Compton
The Council has developed several significant building projects since October, including the refurbishment of the church car park which had been delayed by a number of factors. The work was completed successfully in December 2020 and within budget. Three faculty applications were approved, including for the restoration of the east window glass, the automatic winder for the clock and the reopening of the north door. The Council has kept a careful eye on expenditure and agreed a principle that funding for these projects should be sought from special giving and trust funding rather than from reserves.
The Council has received regular reports from the Finance Committee, and approved the 2020 Accounts. Income and expenditure were carefully monitored through the pandemic, and the financial situation of the church has not been a matter for particular concern as regular giving has remained faithful and reliable. It was decided not to hold a stewardship campaign at the usual time of year, leading up to the annual meeting but to plan a summer event looking at the needs of the church for the next few years.
Parish activities have been fundamentally affected by the pandemic, and this has called for considerable innovation as well as determination to continue worship and pastoral care. In place of weekly worship in church open to all, most services have been available on Zoom. Members of the congregation have been engaged in caring for those who may be isolated or in need. In fact, the circles of worship and care have widened during the pandemic. Attendance by Zoom has been above the usual numbers expected in church. There are 80 recipients of the weekly invitation to join the Zoom service.
The celebration of Christmas and Easter had to be changed at short notice, and it was affected by the restriction on numbers. Nonetheless, attendance was at the maximum permitted. To compensate for the reduced numbers allowed, the church was open and decorated, and with helps to prayer and reflection around Christmas and in Holy Week and Easter. While the numbers who came in to church were not large, it was good in principle for the church to be open, and for this to be advertised in the village. We continue to benefit at festivals and in ordinary time from the skills and commitment of Steven Salmon and the choir, and especially their flexibility in the face of the changed circumstances.
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The opportunities for learning have also been restricted by the pandemic, at least in their customary format of groups and meeting for discussion. Instead, during Lent, a programme of six sessions on a Sunday evening were held by Zoom, and these attracted good participation of up to 30 plus. Thanks are particularly due to Jill Sandham and Annabel Harris as our local contributors to the sessions.
A newsletter including a simple liturgy for use at home has been provided weekly to around 100 email addresses. It is also included on the village Facebook page. This was an innovation from the start of the pandemic, and partly a response to the demise of the parish magazine. The newsletter benefits greatly from the excellent art work of Jo Dix, who in addition to being a diligent verger, is also a fine artist (and cartoonist).
The Bishop in October gave us four priorities to work at during my time here. They are:
forging a way through the challenges of the pandemic
finding new ways of working which suit the new situation after the pandemic
reaching out to younger members of the village, to families and children
making stronger and deeper relationships in the village community.
Some progress has been made and we can look forward to a better situation if and when the current restrictions ease further, and we can offer a more straightforward invitation to worship, to events and to the church building. Several areas need to be developed, as follows.
Encouraging younger members means being open to change in what we offer, especially in worship, and to when and maybe where we offer it. There are good memories in St Nicholas of family worship and events around the church. There is still scope for that style of approach, particularly around festivals, but younger families now often have busy lives and commitments, and our provision needs to reflect that. We should also seek to offer opportunities for learning and growing in faith for adults as well as children.
The church’s communication has developed considerably through the pandemic and is now aimed at a wider audience. The next stage is to develop a website which can serve the needs of all ages, including those older members who want to keep in contact from home, as well as those who wish to visit the church. The website should also be used to communicate faith and offer opportunities for learning about Christian faith and life.
The pandemic has helped to create a greater sense of community and caused local institutions to look for partnerships. As restrictions ease, that sense of partnership and neighbourliness will need to be nurtured in case we return to a more habitual state of getting on in our own bubble. The church has much to give to and receive from local institutions but will need to look out for ways to partner, and cover issues that matter.
Two such issues are the significant personal and pastoral needs which flow from the pandemic, including in families and in mental health. A further issue is around climate change and the changes of behaviour required of us. As well as sorting out our own climate response as a church, we could also offer to others partnership in reflection and action for change.
The church building is held in great affection by many in the congregation and the area, and there is a long tradition of caring for and improving it. Strangely, this may limit our awareness of the wider significance of the building as an architectural, historical and spiritual asset. At present the service we provide to visitors and walkers, and students of history, is limited. There is scope for making the building more accessible, including through the website, and sustainable as a result of the wider interest it can attract.
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The current arrangements for ministry are secure until August 2022. The PCC has already begun to consider options for the next stage of the ministry and the church’s work here, what kind of partnerships we can envisage and the financial implications. This will be a priority for the Council over the next few months to ensure that we are in a good position and aware of our opportunities and needs when the Bishop and Archdeacon begin to work with us on the future.
The PCC and the church as a whole only work on the basis of generosity and commitment so thanks are due to all of you who contribute to its life. Particular thanks to Judith Green and Cax du Pon who are stepping down as PCC members, and to Margaret Davies for her work as PCC Secretary: and to Marian Williams who as Churchwarden has offered a lead in the church through some thin times recently, but with her customary patience and kindness intact. I am personally very grateful to Jenny Lee as a valued colleague in ministry.

The Revd Julian Hubbard Rector of Compton May 2021 fabric costs arise.

St Nicholas, Compton Financial Statements of the Parochial Church Council for the year ended 31 Deccmber 2020 Conlellts Accounts- Statement of movements on fund accounts Accounting policies and basis of prepardtion General Fund - income and expenditure account Fttbric Fund- income and cxpenditur¢ account Balance sheet Other reports: Details of collections tndependent ¢xaminefs reFKTrrt Page

St Nicholas Church Cornpton Annual report and accounts for the year ended 31 December 2020 Stateent or rinancial aetivitie5 UnreFtricledfunds General fund R£s¢ricied Funds Fabrie" School Total FuDd5 Total Funds Total Udes¥- Fibrit Iks* atrd 2020 2019 Movetnents in the year Total incoming r¢source5 Total outgoing resources 75.027 ( 76.434) ( 1.407) 1.367 li7 75.164 ( 76,4J4) 137 ( 1.270) 1,367 2.508 2.605 331 12 75,507 { 76,4341 9271 2.113 66.678 ( 74,7)5) ( 8.077) 4.827 331 746 { 2.512) 1 1,435) 12 Revaluation of units Transfers between fllnds lus /(de or tlie ear 2.5361 5,0(H ( 2.399) Sur 16 1.186 ( 3,250) Balance brou ht fornard l Jan 20 110.5(hS 32,997 14i.50J 12,984 2,849 159.336 162,586 ultsnce corriedlorword31 Dec 2020 115.510 30,598 146,108 11,549 2.865 160.522 159,i36 2920 PCCAQCAtkc20-23m412(lll of 7

St Nicholas Church Compton Annual report and accounts for the year ended 31 December 2020 Accounting policies and basis of preparaiton The financial stateTnents of the PCC have been prepared in ac¢(the with the Church Accounting Regulations together with applicable A¢countin¢ SiatklaTds and th¢ Charitie5 SORP. They have been prepared i)n the historical Cost convention except for the revaluation of itiv&%tsnent &%sets which are 5howD at maTk¢t valu¢ in the statwnent of asseis and liabilities. The a¢¢ounts include all transactions, &ssets and IllitIeS for which the PCC can be held respon5Éble. They do not include accounts of other church gDups th owe an atTiliation to another trKMly, nor those that are informal gatherings of Chh members. Fund tTC¢OUnts The financial affairs of the PCC are conducted through a numEerof fund accounts. Restricted fi]nds can only be applied for specified purposes. Designated funds are those which the PCC h&$ desiad for particular putposes. The General Fund 15 an unrestricted fund available for the regular activities of the PCC. The PCC has desigtjated pan of this fimd to the Fabric shown alK)ve as Fabric Designated General Fund. The Fabric Fund is a restricted fw]d for the iwnprovemenL maintenance and upkeep of the fabric of the chh. The School Fund is a restricitd fund which may onty be applied for ¢dutIonal wtw)ses. Incoming resouTce5 Collections are recognised when r¢¢¢ived by or on half of the PCC. Planned giving receivable under Gift Aid is recognised only when received. Incorne tax recoverable on Gift Aid donations is recoJu ised when the associated in¢ome is recognised. Grdnis and le(ocies to the PCC are accounied for as SlM)Tr as the PCC is no11fd of its legal entiÈlemenL the amount due quantifiable and its ultiynate [elpt by the PCC is r¢asonably Certain. Sales of books and magazines from the bookstall are aOUnted for gross. as is income from church events. Dividends from inv¢strnent units are [ed foi when due and payable. Interest eniitlelnents are reco)ised as they accrue. Realised gatns or losses are recognised when investhlents sol& Unrealised gains or losses are accounted for on revaluation of investments at 31 December. Giants and donations are accounted for when paid over. or when awarded if the award creates bindtng obliWions. Donated facilities and seryices are included ll) income (and at the sime lime in resources expended) at estin)aied fair value to the PCC for the setvice or facility receivd_ The value of any voluntsry help re1Ved is not included in the accounts but is described in the Trustee's Annual RetKxt. A55e15 Insofar as ¢on5ecrated and knefice prottty of any kind is excluded frotn the statutory definition of 'charity' by Section 10(21 (a) and Ic) of the clritieS Act 2011. such assets noi capitalised in the financial statements. Movable church furnishing are capitalised ai cost and depreciated over their useful econornic life other than where insufficienl cost inforni*ion is available. In this case the item is capitalised. though all items are included in the church's inventory which be insttcted by aeeMent. Tangible re<l assets are capitalised if they ¢att used for more than one year atKI their wst exceeds £500. They are valued at cosl or else for gifts in kind. at a reasonable estimate of their 0 mattet value on receipt. Deprectation is calculated to write off the capitslised cost of fixed assets less their currelltly anticipated residual fair valu¢ over th¢ir estimated useful liv as follows.. planL machinery (including electronic equiptnent) 3-7 years. All expendiwre incurred in the year on consecrdted or nefICed buildings Ès WTitten off. Office equipment is depreciated on a straight line basi5 over lour years. plant and machinery over seven years. Investments are valued at market value as w 31 tkcember. Book stocks are accounted for at'f&1 Én f]rst ouv cost. Short [M detK)5its include cash held on dewjsit with either the CCLA Church of England Funds or at the bank. EypehdiiuTe & I1bilitIeS Liabilities are recogmised as soon as there is a legal orconstructive obligation al settlement is probable ond quantifiable. The PCC employed part time organists. secretaries and a dener but no payments were large enough in the previous or ¢urr¢ni yeats to attract la1 security cosrs. Key fftanauemenl personnel ieceived no employ¢¢ b¢n¢fits. Reluledparty Iran5aCtiOs oresd oul onptlge 4 Responsibility statement These accounts are the responsibility of Comptm PCC and were approved by them on 3 March 2021. 2020 FfCACCADeQO- 23KJ4f2021 2of7

St Nichoks Church Compton Annual report and accounts for the year ended 31 December 2020 2020 General fund- incojne and expenditure account 2019 Year YeAr I Income l. I Intopnefrom donalion¥ andlegtscies Standing ordeT5 under gift aid 30,460 Free will off¢rings and gifis 2,4iO ColleCtiS ai services under gift aid- church fijnds 8,147 DonatioDs including tu kind £l.000 {2019 £1.IXM>) (see related partte5} 20.568 tncludes £3.724 for car park r¢pair& £2,302 from mawine (see Related Parties) and £5, 165 under gift aid. Some £IO.(MJO was received from parisbion¢t5 in response to the impact of l(Kk down measures on pcc finance5. refund5 on gift aid Church and gift iKJXeS 27,292 2.550 11.553 4,073 11,3 911 73,896 14 84 1,033 10,268 381 56.117 3.951 382 1,175 1.2 Incomefrom church act¥viliag- wedding &fvpRerttlfees 1.3 BooL¥iall income- Sal ofguide book¥, books, cardf ef¢. 1.4 estInent income (Inter1 on inVreI lF11S & déposil accowu) Toittl income 75,027 61,625 Expenditurt on church activities 2. 1 Cosis ofministry Parish share payable to ihe Diocese Priest in charge's tnseS Organist. relief organists & lieF clergy Rectory outgotngs {rePr5 dc.. water Eate4 alarnL office cimnputer & FAJone) Miscellaneous PCC expenses {includes £999 advertisement for new ptiest) 35.413 42 2.045 130 1,147 38.777 49,510 803 2,277 84) 52,519 2.3 Chwch rupvping andmaintejryance Fabric and electrical repairs, aiarni and sound maintenance (kpreciatton Heating and lightin" Organ. candles, wine and wafers (includes £lJ57 ¢1(k repairs & mainteDaDC¢) Ilasurance Chur¢hyard (2020 in¢ludes £19.816 car park wiaits- re5urfacin8). 1.737 2,224 2.315 2,472 21.916 30,664 3.477 1.927 987 2.422 2.000 10,813 2.4 AdminttrtraÉiopT Salaries & wages Offlce costs (printing, phoio¢opying & 18ge. office equÈpment ¢05ts) Ind¢p¢nd¢nt examiner's fc Sundries 2,854 2.454 670 1,015 6,993 4,212 2,637 704 24 7,577 enditure 76,434 70,gY)9 1 1,4071 ( 9,284} 2020 PCCACCADec20.2311W2O21 3of7

St Nicholas Church Compton Annual report and accounts for the year ended 31 December 2020 2020 2020 Fabrte Fund- income expenditure atcount 2020 Total 2019 Total Rtstritttd Income Donations for car park (2019- £4,461. 2018- £583) Fabric donations Interest (illcluding £)24 on investsnent UDits. 2019- £315) 4,461 10 560 331 137 468 Tolrtl incomÉ Expenditure Architeet's fees Stonework i31 137 468 5,031 3.778 Tolal endilure 3.778 Siirplusfor iheyettr 331 137 468 1,253 Following the 2018 Quinquennial fabric InstKdio repairs will undertaken to th¢ East Window staintd gld5S Costing £5,000. I¥L addition ihe PCC have approved the purchase of a clock winder for some £6,0(M). tt is anticipated that these costs will be mrf from grants and donattons. DotRtiot]5 of £5,044 for the itnprovemeni of the car patk were included in Fabric Fund at 31 tkc 2019. These have teen transf¢TTed into the General Fund to offset the related costs incurred in 2020. Related organisations and related party trADsactions Until 31 March 2020 Compton PCC was in a Uniied Benefice with Shackleford & Per Harow PCC sharing a Priest in Charge. The Rectory and benefice office are located in Cotnpton and a proportion of office costs (including secretarial and stationery costs) and Priest in Charge ¢osts incurred by Compton are recharged to Shackleford & Peper Horow PCC Costs are recharged on an actual basis, or 213 Compto[] to 113 Shackleford & Peper Harow PCC, or by agreemenL During 2020 £2,328 (2019- £5.574) received from Shackleford & Peper Harow in resiKct of recharges and £nil (2019 - £1,179) is included in debtors relatii)n to recharges for the fthal quarter of 2020. Compton PCC had a joint magazine with Shackleford and Peper Harow PCC. The magazine produce5 separate accounts which are included herein. Folk>wing the end of the United Benefice the magazine w&$ ¢los¢d alld £4,634 distributed by the magazine account Compton and Shackleford & Pqjcr Harow in ¢qual p)niOn5 (2019 £t)il received). The tnajority of PCC donations to the church are through standing order or throuoh gift aid enveltspes. In addition, PCC members make cash donations frotn tirne to time which are llot Separated from those of other members of the congregation. The est1rn8ted total donations from membe[5 of the PCC during the yeat was £10.175 (2019 £8,593). In addttion a donation of £2,000 was received from a chatity related to a PCC member (2019 £nil). The PCC i$ grateful to Mrs Willia]ns (Ehurchwardeft) for use of olce space Kn a converted for which no charge other than recharged utilities ¢05t of £nil {2019- £nil). The PCC'5 estimate of the fair value of this gift is £l,l)00 p.a. which is included in both donations and office costs. 75/0 of the 2016 garage conv¢r5ion cost of £4.OLKI was shared equally by the Compion and Shackleford & Per Harow PCC& 2020 PCCACCADe¢20.23Ah112021 4of7

st Nicholas Church Compton Annual report and accounts for the year ended 31 December 2020 Balance sheet 31-De¢ 2020 31-Dee 2019 Fired assets Investments- CBF In¢oJne Shares- see note below Tangible fixed assets - sound equÉpment- see note below Currenl assd5 Debtors and pryyments Gift aid tax recoverable, prepayrnents and Shackleford recharge Deposit accounts with the Centra] Board of Finance General Fund Fabric Fund School Fund Cash at bank Total deposits and cash 32.715 30.602 4,635 4,118 75,166 29,966 2.865 18.228 126,225 80.910 2.853 11.975 126.130 Total currenl ttss8ts 130,248 Liabililie5.' umountsfulling due within oneyear Crcditors and accruals ( 3.053) ( 1.514} Tolalliabililies ,514 Nel assets 160.522 159.Ji6 occounls 160,522 159,))6 The CBF Church of England Invcstmcnt Fund - 1,600 Incomc Share5 coll at £1.08 tKr sharc, their value at December 1975. At J l December 2020 the va]ue per share was £20.45 (2019- £19.lJ) giving a total value of £J2,715 (2019- £30,602). 565 of the share5 are designated to the Fabric Fun(L the remainder are designated io the Genet21 Fund. In 2015 sound equipment was iK*ught at a cost of £7.i84 and is fully depreciak In 2009 a condcns¢r boiler and radio microphone were purchased at a ¢oM of £6.882 and £79J which are fully depreciated. In 201i a replaceTnCnt computer was b)ught for a total cost of £476 and is fully d¢preciatcd. Approved by Co¥ttpton Parwhial Cburch Council on the 3 March 2021 and si8ned on its behalf by: Reverend J Hubbard Rector Mrs L J Chastell Treasurer 2020 PCCACCAD¢s20- 07103r2021 5of7

st Nicholas Churcth Crxnp Annual report and accounts for the year ended 31 December 2020 Dtt#ils of cburch collections for, paylleDts to. other ebarities Church Direct 2020 2020 Total 2020 Total 1019 urc overseas Christian Aid hurc otne Bishop of Guildfotd's FwDdation- Ltnt apr1 Chur¢h of England Children's S(Kiety 357 343 218 383 energ Royal British Legion Godalming Commllrtity Store SSAFA 145 459 14) 459 250 120 140 319 Water Aid The Mtrdth Epilepsy Charity o11_3 "Church. sholvs designatd colleciior6 and PCC d¢80$ from undeSiged church funds. "Direct" shows theques in church colleetions payable to other charities. 1020 PcCACCADEc20-13104j 6of7

St Nicholas Church Compton Annual report and accounts for the year ended 31 December 2020 Independent examiner's report to tbe PCC of St Nicholas, Compton This report on ihe aecount5 of the PCC for the year end&1 31 December 2020. which are set out on pages I to 6. is in respect of an examination carried out uEhdtt The Regulations of the Church Accounting Regulations 21M>6 ('the Regulations,) and S_145 of the Chatiiies Att 2011 ('the Act.). Respective reSPolbilli1Q¥ ofthff PCC andihe examiner As members of the PCC you are re5ponstble for the preparati4)n of the accoun you consider that the audit requLFement tsf the Regulaiions and section 144{2) of the Act do not apply. It is our responsibility to issue thi5 rewrt on those acciNJnts in a¢¢ordance with the terms of the Reoulations. Basis ofthis report Our ¢xamination was cartied out in accordance with the General Direaions given by the Charity Commission under section 145(5Xb) of the Ad and to be found in the Chureh guidance, 2013 edition, issued by the Finance Division of the Archbishops, Council. That ek3rnination inclu(ks a review of ihe ac£ounting records kept by the PCC artd a comparison of the a¢¢ount5 with those rec15. It also include5 considering any unusual items or disclosures in the accounts and seeking explanarions from you as trustees concerning any such matters. The procedures undertaken do noi provide all the evidence that would be required in an audil and consequently we do not express an audit opinion on the vi¢w gi by th¢ arrounts. Independenl mInerS $i¢ment In Connection with our examin10ft. no matkr has come to our aitentioii: (i) which gives us reasonable cause to believe that in any maierial respect the requiremen to keep accouniing records in aceordance with section lio of the Act- and io prepare accounts which accord with the accounting records and comply with the requirements of the Act and the Rwlations have not beert me¢ (ill to which, in our opinion. attention should be drawn in order to eoable a proper understanding of the accounts to be r¢hed. Jonathan Vicke BA FCA Azets Audit Services Limited Ch(JrieredAecotsQts Ashcombe Court Woolsack Way. Godalmiftg Surrey, GU7 ILQ 2ElY121 2W20 IfCACCAtkc20-231rMnini 7of7