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2021-12-31-accounts

Charity Number 1128707

ANNUAL REPORT AND FINANCIAL STATEMENTS OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PHILIP, MARGATE

FOR THE YEAR ENDED 31 DECEMBER 2021

CONTENTS Page
Parochial Church Council’s report 2
Notes to the Accounts 6
Statement of Assets and Liabilities 7
Independent Examiner’s report 8
Financial Statements 9
Restricted Fund balances 12

THE REPORT OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PHILIP, MARGATE

FOR THE YEAR ENDED 31 DECEMBER 2021

Administrative information

St Philip’s Church is situated in the Palm Bay Estate, Margate. It is part of the Diocese of Canterbury within the Church of England. The correspondence address is:

St Philip’s Church Summerfield Road Margate Kent CT9 3JJ Telephone 01843 231825 E Mail stphilipspalmbay@btconnect.com Web www.achurchnearyou.com/church/12060 Charity Commission registration number 1128707.

Officers and Professional Advisers

Members of the Parochial Church Council (PCC) are either ex-officio or elected by the Annual Parochial Church Meeting (APCM) in accordance with the Church Representation Rules. The PCC members are also the trustees. PCC members who have served from 1 January 2021 until the date of this report was approved are:

Vicar Rev S. Gay Lay Reader Miss H. Rogers Wardens Mr. D. Amor (Treasurer) Mr K. Locking

Secretary Rev. S. Gay

Deanery Synod Representatives Mrs L. Oakley Elected Members Miss L. Carew-Jones (until APCM 17/05/21) Mrs. J. Rampall Mr. C. Woodcock Mrs D. Tully Miss S. Woolley Mr A. Leal Standing Committee Rev S. Gay Mr. D. Amor Miss H. Rogers

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Independent Examiner

Bankers

Mr. Adrian Tasker 10 Chartwell Grove Sittingbourne ME10 1XD Lloyds TSB Bank plc Charities Aid Foundation Bank HSBC Bank

Structure, governance and management

The method of appointment of PCC members is set out in the Church Representation Rules. All Church attendees are encouraged to register on the Electoral Roll and stand for election to the PCC. The PCC is governed by two Church of England Measures; 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”.

Statement of the PCC's Responsibilities

The PCC is responsible for all parish finances, its management and control, including the appointment of a treasurer.

Charity law requires the PCC as trustees of the church to prepare an annual report and financial statements that give a true and fair view of the church’s financial activities during the year and of its financial position at the end of the year. The PCC is also required to ensure that these are subjected to an annual independent examination and to present these to the APCM in accordance with the Church Representation Rules.

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Objectives and activities

St Philip’s PCC has the responsibility of co-operating with the incumbent, the Revd Stuart Gay, in promoting the mission of the Church in the parish. It also has maintenance responsibilities for St Philip’s Church. Our aim is to bring people to a knowledge and love of God through Jesus Christ by proclaiming the Gospel in the parish of St. Philip, Margate, and beyond. We aim to do this by following the commandment of Jesus to go and make disciples of all nations, baptising them in the name of the Father and of the Son and of the Holy Spirit and teaching them to obey everything that Jesus has commanded. Achievements and Performance

Worship and Prayer

We conduct weekly worship services and prayer meetings designed to include people from all walks of life. Our worship team meet regularly for fellowship. Numbers are consistent but have been boosted by a weekly ‘Junior Church’. We have engaged with Diocesan initiatives on prayer and finance

Pastoral Care

We now have an operative Pastoral Care team to co-ordinate visits. Our small groups also undertake to exercise pastoral care for their group members.

Mission and Evangelism

We run a number of activities that are welcoming to all-comers as a potential ‘way in’ to the worshipping life of the church. We are committed to working with other churches in Thanet.

Church attendance

The electoral roll is currently 81 (2020: - 83). Sunday attendance fluctuates between around 80-90 adults and 20-30 children.

Reserves policy

It is the PCC policy to maintain a balance on unrestricted funds, if possible, of £20,000 to cover any emergency repairs. This level would allow a period of time for an appeal for funds from the congregation and for the PCC to consider alternative financial strategies. This reserve is held separately in a bank Account at Lloyds.

Risk Management

The PCC has considered and discussed the key risks facing the church, the controls in place to mitigate them and any action required. The PCC continues to review and develop the strategic direction of the church and considers how its exposure to risk changes as a result.

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We have accepted the Diocesan and Ecclesiastical (EIG) recommendations to use the Smart Water system on our roof and other high value items. We have reviewed our Insurance levels, and consider them to be appropriate

Safeguarding

The PCC takes the safeguarding of children and vulnerable adults seriously and adheres to National Church policy and guidance for best practice.

Financial review

The accounts for 2021 have been prepared on a receipts and payments basis as recommended for the level of income generated at St Philip’s.

This has been a somewhat different and certainly a quiet year from a financial point of view. The building was shut for a significant period and the Quinquennial review due during 2020 has still not taken place.

Regrettably we remain unable to pay, in full, the requested Parish Share. During 2021 we were able to contribute £44004 towards the requested sum of £75579. This means that the deficit continues to grow and at the end of 2021 it had reached £95000. This is unlikely to be reduced in the near future. In fact, I have to report that it will continue to grow as we remain unable to meet the requested share for 2022.

The Covid virus has dominated much financial thinking around the country and indeed St Philip’s has been no exception to this. We have suffered a significant loss of income from our Sunday collections as we have not been able to take a collection since mid-March in 2020. On top of this we have not been able to fully open the building for lettings which form a substantial part of our income. Sadly, this year we also lost several members of our church family who had donated by Standing Order. As we move forward this will impact on our ability to both spread the good news of Jesus and pay our bills.

Obviously with the building being shut there have been some savings on our expenditure, with a significant drop in our electricity and cleaning bills. However, we have still had to fund much of our servicing and repairs even in an empty building. We have been able to claim back just over £2700 from the Job Retention scheme funded by HMRC. Sadly, it is not a straightforward equation in that what we have been able to save and claim back has not

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matched what we have lost in regular income and the Gift Aid that accompanies and supplements our service collections.

In order to facilitate cash deposits, the PCC decided towards the end of 2019 to open an account with the HSBC and I can confirm that this account is now open and in use with an on-line facility. Sadly, the era of free charity banking has come to an end and as well as a monthly fee all cash and cheque transactions are subject to a charge. I am still resisting the pressure to use a card reader for donations and so on.

You will be aware that Mandy Smith who had worked in our office for many years left us to join her family in Northumberland. The PCC took the decision not to replace her with a paid person but to ask for volunteers to staff the office. This decision will no doubt be reviewed in due course.

Finally, with regard to Income Tax could I please remind you that you are obliged to notify me if your circumstances change to the extent that you are no longer required to pay tax. Quite simply, if you haven't paid the tax, I can't claim it back through the Gift Aid facility

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021

Accounting Policies

The financial statements of the PCC have been prepared in accordance with the Church Accounting Regulations 2006 using the Receipts and Payments basis.

These accounts include all transactions and liabilities for which the PCC is responsible in law.

General Fund

Represents the funds of the PCC that are not subject to any restrictions regarding their use.

Restricted and Designated Funds

(R & D in the accounts)

Restricted funds are those where the donor has requested their donation be used for a specific purpose. For example, setting money aside for evangelism or other activities connected with the church.

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At present there are no restricted Funds

Designated Funds are those the PCC has decided to set aside monies for specific projects or items.

Currently there are 2 funds that are designated by the PCC for specific purposes.

Repairs Fund

Represents amounts set aside specifically to help meet the costs of major repairs.

Mission Fund

Represents amounts collected by the church to support the work of missionary, relief work and other similar organizations and individuals

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STATEMENT OF ASSETS

31 DECEMBER 2021

CASH FUNDS AT 31 December 2021

Lloyds TSB
Current Acc
CAF Bank
Current Acc
HSBC Bank
Current Acc
TOTALS		 Unrestricted
R & D
Total 2021
Total 2020
21940
0
21940
21775
23359
6389
29748
31588
13719
0
13719
1573
59018
6389
65407
54936

Approved by the PCC on 2022 and signed on their behalf by

Reverend Stuart Gay (PCC Chairman)

David Amor (PCC Treasurer)

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INDEPENDENT EXAMINER'S REPORT TO THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PHILIP, MARGATE

This report on the financial statements of the PCC for the year ended 31 December 202 which are

set out on pages 7 to 12, is in respect of an examination carried out in accordance with the Church

Respective responsibilities of the PCC and examiner

As the members of the PCC you are responsible for the preparation of the financial statements; you

consider that the audit requirement of the Regulations and s43 (2) of the Act does not apply.

It is my responsibility to issue this report on those financial statements in accordance with the terms

of the Regulations.

Basis of this report

Commission under section 43(7) (b) of the Act and to be found in the Church guidance, 2006 edition.

in the financial statements 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 examiners' statement

reasonable

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a proper understanding

Dat

Adrian Tasker

e:

10 Chartwell Grove Sittingbourne Kent ME10 1XD

ST PHILIP’S NORTHDOWN PARK MARGATE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

RECEIPTS
Planned giving
see note 1
Income tax recovered
HMRC – Job RS
Other voluntary receipts
see note 2
Receipts from Church
activities
see note3
Mission
see note 4
TOTAL INCOME
PAYMENTS
Church Activities
Parish Share
Church Activities
See note 5
Church Running Costs
see note 6
Church Building Cost
see note 7
Church Administration
See note 8
Ministry Costs
see note 9
Mission
See note
10
Professional Fees
TOTAL PAYMENTS
TOTAL INCOME		 Unrestrict
ed
R & D
Total
2021
Total 2020
44179
0
44179
48589
8350
0
8350
5192
2755
0
2755
5122
14442
0
14442
9487
4725
0
47
25
6699
252
0
252
2184
74703
0
7470
3
77273
44004
0
44004
56566
0
0
0
127
10618
0
10618
12923
17
84
1360
3144
2687
5449
0
5449
6438
592
0
592
1072
303
0
303
4223
0
0
0
0
62750
1360
6411
0
84036
74703
74703
77273

10

TOTAL EXPENDITURE
Surplus/defcit		 0
62750
-1360
64110
84
036
11953
-1360
1059
3
-6763
RECEIPTS
Planned Giving
Note
1
SO Donations Gift Aid
SO Donations
Other
TOTAL
Other voluntary receipts
note
2
Service Collections
Collection Boxes
Legacies
Donations
TOTAL
Receipts from Church
activities
note
3
Rent
Service Fees
Photocopying/Advertising
Holiday Clubs
Noah’s Ark
Kool Kids
Kitchen
Events		 Unrestrict
ed
R & D
Total 2021
Total 2020
34634
0
34634
34158
92
45
0
9245
10826
30
0
0
300
3605
44179
0
44179
48589
0
0
0
449
1741
0
1741
1655
10000
0
10000
0
2701
0
2701
7383
14442
0
14442
9487
4498
0
4498
5951
174
0
174
300
0
0
0
0
0
0
0
0
21
0
21
115
32
0
32
74
0
0
0
74
0
0
0
185

11

TOTAL
Fund Raising Mission
note
4
Home Mission
Children’s Society
Overseas Mission
Collections
TOTAL		 4725
0
4725
6699
0
0
0
0
42
0
42
284
210
0
210
1900
252
0
252
2184

12

PAYMENTS

Church Activities
Note 5
Holiday Clubs
Brightnight
Childrens Resources
Teenagers
Alpha
TOTAL
Church Running
Costs
TV Licence
Note
6
Water rates
Insurance
Electricity
Window Cleaning
Cleaning
Caretakers salary
Kitchen Supplies
TOTAL
Church Building
Costs
Note 7
Equipment
Maintenance
Designated works
Servicing/Repairs
Gardening
TOTAL
Church
Administration
Note 8
Administrators Salary
Photocopying		 Unrestricted
R & D
Total
2021
Total 2020
0
0
0
0
0
0
0
0
0
0
0
127
0
0
0
0
0
0
0
0
0
0
0
127
159
0
159
157
236
0
236
664
1809
0
18
09
1787
2249
0
22
49
3519
0
0
0
100
237
0
237
565
5928
0
5928
61
07
0
0
0
24
10618
0
1061
8
12923
902
0
902
24
329
0
329
120
0
1360
1360
816
428
0
428
1727
125
0
125
0
1784
1360
3144
2687
4272
0
4272
4836
56
0
56
222

13

Telephone/Broadband
Stationery
Postage
Bank Charges
Ministry
Note9
Music & Copyright
Service costs
Fees
Training/Expenses
Adult Resources
Events
TOTAL
Mission
note
10
Overseas Mission
Home Mission
Children’s Society
Thanet Winter Shelter
TOTAL		 927
0
927
12
10
36
0
36
110
47
0
47
0
111
0
1
11
60
5449
0
5449
6438
292
0
292
283
231
0
231
124
0
0
0
23
0
0
0
642
69
0
69
0
0
0
0
0
592
0
592
1072
303
0
30
3
2173
0
0
0
0
0
0
0
777
0
0
0
1273
303
0
303
4223

R & D Fund Balances 2021

Repair Missio s n total Designat Designa ed te

14

Cash B/Fwd 1-1-2020 7749 0 7749
Income 0 0 0
Spending
1360 0 1360
Carried Forward
6389 0 6389

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