Charity Registration number - 1128854
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THE PCC OF THE ECCLESIASTICAL PARISH OF r ST MARY OF CHARITY, FAVERSHAM KENT PCC REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
- THE PCC OF THE ECCLESIASTICAL PARISH OF ST MARY OF CHARITY, FAVERSHAM KENT YEAR ENDED 31 DECEMBER 2020 CONTENTS mmm ee
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| Page | |
|---|---|
| Legal and Administrative Information | 1-2 |
| Trustees’ Report | 3-4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| NotestotheAccounts | 8-13 |
THE PCC OF THE ECCLESIASTICAL PARISH OF ST MARY OF CHARITY, FAVERSHAM, KENT
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LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2020 ee
Incumbent and Vicar of the Benefice of Faversham
The Revd Simon Rowlands The Vicarage
16 Newton Road Faversham Kent ME13 8DY
Banks
CAF (Charities Aid Foundation) 25 Kings Hill Avenue, Kings Hill, West Malling, Kent, ME19 4TA
Natwest
PO Box 90, 13 Market Place, Faversham, Kent, ME13 7DT
Santander UK Pic
BBAM Bridle Road, Bootle, Merseyside, LG30 4GB
CCLA Investment Management Limited The CBF Church of England Funds Senator House, Victoria Street, London, EC4V 4ET
Metro Bank PLC
One Southampton Row, London, WC1B 5HA
Charity Number
1128854
Website www. stmaryofcharity.org Independent Examiner G D Smith FCA 5 Coppice View Weavering Maidstone Kent ME14 5TX
ir
THE PCC OF THE ECCLESIASTICAL PARISH OF ST MARY OF CHARITY, FAVERSHAM, KENT
Page 2
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LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2020 a a
PCC Members and Trustees
Rev'd Simon Rowlands Vicar and Chair of PCC Rev'd Dan Corcoran Community and Mission priest
Mr Kevin Swinney
Reader
Mrs Miranda Ford Church Warden, Diocesan and Deanery Synod Representative Mr Andrew Holden Church Warden until 28th February 2020
Mrs Mary Wimlett PCC Secretary (and Deanery Synod Representative until 11th October 2020) Mrs Marianne Hambrook Diocesan Synod Representative until 11th October 2020 Mrs Sally Fancourt Deanery Synod Representative until 11th October 2020
Elected Members
Mrs Elizabeth Morris Parish Safeguarding Officer Mr Michael Moore Treasurer Mrs Carole Rickard Appointed 11th October 2020 Mrs Nicola Hodges Until 13th January 2021 Mr Brian Jones Miss Margaret Lanxon Mr Dennis Parrett Mr Andrew Reader Until 11th October 2020 Mr Clive Southwell Appointed 11th October 2020 Mr Keith Tyler Mr David Powell Mrs Joanne Morrobel Mr Brian Wimlett
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THE PCC OF THE ECCLESIASTICAL PARISH OF
ST MARY OF CHARITYB, FAVERSHAM, KENT
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TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2020 —————-++£$£]|"_—--,0—OOe{resSTOT eee Situation The Parish Church of St Mary of Charity (SMoC) is situated in Faversham. It is part of the Diocese of Canterbury within the Church of England. The correspondence address of the PCC is 16 Newton Road, Faversham, Kent. ME13 8DY.
Constitution The Parochial Church Council (PCC) is a registered Charity under the name The Parochial Church Council of the Ecclesiastical Parish of St Mary of Charity Faversham Kent, number 1128854
The constitution of the charity is embedded in the Canon Law of the Church of England and other Acts of Parliament.
Recruitment and Appointment of PCC members
Members of the PCC are either ex-officio or elected by the Annual Parochial Church Meeting (NB -the PCC elects the Treasurer and Secretary). During the year and to the date this report was approved the members of the PCC were those listed on Page 2
Structure, governance and management The Standing Committee, which is established by law and empowered to transact the business of the PCC between its meetings subject to any directions given by the Council.
Objectives and Activities
St Mary of Charity's PCC has the responsibility of co-operating with the vicar in promoting in the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. It also has maintenance responsibility for the church building.
Achievements and Performance
Church Attendance The Church Electoral Roll is kept under continuous review, with 104 parishioners on the roll at 31 December 2019. This is a net difference of 2 less than at the previous year end. As required by the national church every 6 years the electoral roll was renewed, 2019 was the relevant year. Usual Sunday Attendance is 63 adults, which includes attendance at Midweek Communion averaged over the year. Little Fishes is recorded separately as are the figures for special services, such as Easter, Christmas and Harvest which considerably enhance these weekly figures. This has been a very different year with the Pandemic and services have been on line via YouTube. The YouTube analytics for the Benefice services and submitted to the national church was 84.In many cases more than one person would view so an estimate would be 147 per week. a
Review of the year
2020 has been an extraordinary turbulent and challenging year for us all, the clergy have adapted to the situation with the church closed for many months during periods of lockdown. The Clergy and team have provided online services via YouTube and around 150 people have joined us regularly for the Sunday services
Over 65% of the church's unrestricted funds go towards the payment of the parish share to the Diocese payment which the PCC pays monthly contributes to clergy and central costs. The PCC is pleased to report that we were able in 2020 to pay our commitment in full but it has meant we have had to use up our reserves. Ministry was funded largely from the regular giving plus fees from funerals and weddings the latter of which was very restricted in 2020.
Central to our activities is that we maintain an “open church" policy and encourage mission through heritage, tourism and community outreach. During the year the new Benefice mobile initiative has not been fully functional but the bus has been designed and refurbished unfortunately due to lockdowns there has been little opportunity to use the bus in the Community although the trailer has been used on a number of occasions. It is still hoped the Church will become a community hub for holding Town meetings as well as being a means to raise funds to contribute to the upkeep of the fabric of the church but again opportunities to develop this have been very limited in 2020..
We reported previously that the Parish was in receipt of a legacy of £250,000 after consultation with the executor, £200,000 was designated towards the restoration of the church bells and faculty is being applied for to complete the programme of restoration. The remaining £50,000 will be treated as seed funding towards new Toilets and Kitchen. The PCC are pleased to report that during the year work commenced on the bell restoration and it is anticipated that by the summer 2021 the work will be completed. The PCC would like to thank all the voluntary labour that has been used on the project to keep costs within the tight budget. The PCC are also pleased to report that drawings have been prepared for the new Kitchen and Toilets and in 2021 prices will be obtained so we know what additional funds we require.
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THE PCC OF THE ECCLESIASTICAL PARISH OF
ST MARY OF CHARITY FAVERSHAM, KENT
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TRUSTEE'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2020 a
Review of Year (continued)
St Mary of Charity PCC continued to be responsible for the oversight of the Benefice administration Although for long periods with lockdown of the Church our administrator has been furloughed .
The PCC would like to thank all the volunteers who work so hard to make our church the lively and vibrant community it is.
Diocesan and Deanery Synod
Three Members of the PCC should sit on the Deanery Synod (at 31st December we had two vacancies) and one member is on the Diocesan Synod. This provides the PCC with an important link between the parish and the wider structure of the church. We also have a member on Archbishops’ Council. This year the parish has focused its attention on the future level of increase in the Parish share as well as the effective deployment of Stipendiary and non Stipendiary ministers across the parishes.
Financial Review
The attached accounts show an unrestricted deficit for the year of £13.379 the figures included income from a legacies of £9,000 which if excluded would result in a deficit of £22.379 it is hoped this level of deficit can be reduced in 2021
The Designated reserves have been placed on the interest bearing accounts albeit the level of interest received is minimal, these projects are going to take a number of years to complete, during this period the PCC will endeavour to maximise interest but ensuring that all funds are protected by HM Government guarantees.
The various restricted funds are listed in note 16, during the year a number of small building works have been undertaken, these have been financed by grants from the Restoration Fund, The PCC would also like to thank the Trustees of the Restoration Fund who contributed £14,362 to the maintenance of the fabric. This Fund has now been closed and a small balance of funds remaining was transferred to the ‘Friends of St Mary of Charity’ which when we return to some form of normality will contribute to the upkeep of the fabric of the church.
Reserves Policy
Due to a substantial deficit our Unrestricted reserves have fallen significantly but the PCC is still of the same Opinion in so far as we should aim to have unrestricted reserves of a minimum of 6 months expenditure.
Plans for the future
;
It is very difficult to make plans for the future in these very uncertain times but the PCC will continue to meet regularly and look for ways of increasing our income in order that we may maintain as a benefice the same level of clergy that we currently have. The PCC look forward to the completion of the Bells project of restoration in 2021 and procceding with the Kitchen and Toilets project.
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ApprovedRY on 19¢hMay 2021 and signed on its behalf
NS s K,
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S D Rowlands
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THE PCC OF THE ECCLESIASTICAL PARISH OF ST MARY OF CHARITY FAVERSHAM, KENT
Page 5
INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL OF ST MARY OF CHARITY FAVERSHAM
| report on the accounts of the Church for the year ended 31 December 2020 which are set out on pages 6 to 13.
Respective responsibilities of Trustees and Examiner
The Church's Trustees are responsible for the preparation of the accounts. The Church's Trustees consider that an audit is not required for the year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
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examine the accounts under Section 145 of the 2011 Act;
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- follow the procedures laid down in the general directions given by the Charity Commission (under Section 145(5)(b) of the 2011 Act; and
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state whether particular matters have come to my attention.
Basis of Independent Examiner's Statement
My examination was carried out in accordance with general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of 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 no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
- which gives me reasonable cause to believe that, in any material respect, the requirements:
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- to keep accounting records in accordance with Section 130 of the 2011 Act;and ~
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the
2011 Act.
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have not been met; or
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2
to whi m inion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
G D Smith FCA
5 Coppice view
Weavering
Maidstone
ME14 5TX
Date VA “gh :
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THE PCC OF THE ECCESIASTICAL PARISH OF ST MARY OF CHARITY, FAVERSHAM, KENT
Page 6
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31ST DECEMBER 2020 vw
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||||||||||
|---|---|---|---|---|---|---|---|---|
|Notes|Unrestricted|Designated|Restricted|2020|2019|
|Funds|Funds|Funds|Total|Total|
|INCOME|£|£|£|£|£|
|Voluntary|Income|2|73,247|31,630|29,144|134,021|93,726|
|Activities|for Generating|funds|3|970|1,175|-|2,145|6,130|
|Income from|Investments|4|49|354|34|437|1,072|
|Church|Activities|5|3,195|-|-|3,195|2,219|
|Other incoming|resources|6|4,489|-|-|4,489|2,212|
|TOTAL INCOME|81,950|33,159|29,178|144 287|105,359|
|EXPENDITURE|
|Church|Activities|7|95,230|177,766|17,516|290,512|123,619|
|Raising|funds|99|630|-|729|516|
|TOTAL EXPENDITURE|95,329|178,396|17,516|291,241|124,135|
|NET|INCOME/ (EXPENDITURE)|BEFORE|
|OTHER RECOGNISED|GAINS|(13,379)|(145,237)|11,662|(146,954)|(18,776)|
|TRANSFER|BETWEEN|FUNDS|-|-|-|-|-|
|NET MOVEMENT|IN FUNDS|(13,379)|(145,237)|11,662|(146,954)|(18,776)|
|Total funds brought forward|46,244|277,592|31,437|355,273|374,049|
|Total funds|carried forward|32,865|132,355|43,099|208,319|355,273|
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THE PCC OF THE ECCLESIASTICAL PARISH OF ST MARY OF CHARITY, FAVERSHAM, KENT
Page 7
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BALANCE SHEET
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|---|---|---|---|---|---|---|---|---|
|AS|AT|31|DECEMBER|2020|
|aepp|ir|oe|ease|
|Notes|2020|2019|
|£|£|
|FIXED|ASSETS|
|Tangible|'|11|3,135|3,309|
|CURRENT|ASSETS|
|Investments|29,730|29,604|
|Debtors|and|Prepayments|13|34,905|18,482|
|Short|term|deposits|85,575|200,246|
|Cash|at|bank and|in|hand|128,299|278,509|115,786|364,118|
|LIABILITIES|
|Creditors-|amounts|falling|
|due|within|one|year|14|73,325|12,154|
|NET CURRENT ASSETS|205,184|351,964|
|TOTAL ASSETS|LESS CURRENT|LIABILITIES|208,319|365,273|
|Creditors|-|amounts|falling|
|due|after|on|year|-|-|
|TOTAL NET ASSETS|208,319|355,273|
|PARISH|FUNDS|i|
|Unrestricted|funds|16|32,865|46,244|
|Designated|funds|16|132,355|277,592|
|Restricted|funds|-|16|43,099|31,437|
|TOTAL FUNDS|OF THE CHURCH|208,319|355,273|
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The notes at pages 8 to 13 form part of these accounts
Approved py the Parochial Church Council on 10th May 2021 and signed on its behalf by:Rev Simon DR&Mands
THE PCC OF THE ECCLESIASTICAL PARISH OF ST MARY OF CHARITY, FAVERSHAM, KENT
Page 8
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NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2020
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4 Accounting policies The PCC is a public benefit entity within the meaning of FRS102. The financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individual accounts of PCC's and with the Regulations " true and fair view’ provisions.
The financial statements have been prepared under historical cost convention except for the valuation of investment assets, which are shown 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 that owe their main affiliation to another body, nor those that are informal gatherings of church members.
Incoming resources Planned giving, collections and donations are recognised when received Planned. Tax refunds are recognised when the incoming resource to which they relate is received. Grants and legacies are accounted for when the PCC is legally entitled to the amounts due. Dividends are accounted for when receivable, interest is accrued. All other income is recognised when it is receivable. All incoming resources are accounted for gross. Donated services are included at the value to the PCC where this can be quantified.
Resources expended
Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding or constructive obligation on the PCC. The diocesan parish share is accounted for when due. Amounts received specifically for mission are dealt with as if restricted funds. All other expenditure is generally recognised when it is incurred and includes VAT which cannot be recovered
Governance costs include those costs associated with meeting the constitutional and statutory requirements of the PCC and include the independent examiners fees and costs linked to the strategic management of the PCC.
Tangible fixed assets Consecrated and benefice property is not included in the accounts in accordance with $.10(2) of the Charities Act 2011.
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Moveable church furnishings and other assets held by the churchwardens on special trust for the PCC and which require a faculty for disposal are inalienable property, listed in the church's inventory, which can be inspected (at any reasonable time). For anything acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the financial statements. Subsequently no individual item has cost more than £1,000 so ail such expenditure has been written off when incurred. Investments Investments are valued at market value at the balance sheet date and the gain or loss taken to the statement of financial activities.
Fund Accounting
Funds held by the PCC are:
Unrestricted general funds — Funds which can be used in accordance with the charitable objects at the discretion of the PCC members.
Designated funds — Funds set aside by the PCC members out of unrestricted general funds for specific future purposes or projects.
Restricted funds — Funds that can only be used for the particular, restricted purposes within the objects of the PCC. Restrictions arise when specified by the donor or when funds are raised for particular purposes.
THE PCC OF THE ECCLESIASTICAL PARISH OF ST MARY OF CHARITY, FAVERSHAM, KENT
Page 9
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NOTES TO THE ACCOUNTS (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2020
2 Voluntary income
| 2 | Voluntary income | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Designated | Restricted | 2020 | 2019 | |||
| Regular Giving Collections : |
Funds £ 45,986 2,040 |
Funds £ - - |
Funds £ - - |
Total £: 45,986 2,040 |
Total £ 48,819 4,946 |
||
| Donations received | 1,655 | 2,047 | 2,172 | 5,874 | 9,196 | ||
| Home Communion | 79 | - | - | 79 | 344 | ||
| GiftAid recoverable Legacies |
11,521 9,000 |
- - |
- - |
11,521 9,000 |
13,998 4,056 |
||
| Grants Restoration Fund ,Listed Places of | |||||||
| Worship (VAT) and Diocese | 2,435 | 29,463 | 26,972 | 58,870 | 10,744 | ||
| Candle stand and Pillar Boxes | 531 | - | - | 531 | 1,124 | ||
| Little Fishes | - | 120 | - | 120 | 499 | ||
| Total Voluntary Income | 73,247 | 31,630 | 29.144 | 134,021 | 93.726 | ||
| 3 | Activities for Generating funds | ||||||
| Unrestricted | Designated | Restricted | 2020 | 2019 | |||
| Non Statutory fees | Funds £ 102 |
Funds £ 250 |
Funds £ |
g | Total £ 352 |
Total £ 901 |
|
| Social & Fundraising | - | - | - | - | 2,099 | ||
| Church Hire and Heating Costs Church Coffee and afternoon teas |
654 - |
- = |
- e |
654 a |
1,302 149 |
||
| Cafe Photocopying |
- 214 |
- - |
- - |
- 214 |
460 661 |
||
| Holiday Club | - | 925 | - | 925 | 558 | ||
| Incomefrom Activities forGenerating | 370 | 1175 | - | 2145 | 6,100 | ||
| 4 | Income from Investments | ||||||
| Unrestricted | Designated | Restricted | 2020 | 2019 | |||
| Funds = |
Funds £ |
Funds £ |
Total £ |
Total £ |
|||
| Bank Interest | 49 | - | 49 | 111 | |||
| Interest on Investment Accounts | - | 92 | 34 | 126 | 221 | ||
| Interest on Short Term Deposits | - | 262 | - | 262 | 740 | ||
| Total Income from Investments | 49 | 354 | 34 | 437 | 1072 | ||
| 5 | Income from Church Activities | ||||||
| Unrestricted | Designated | Restricted | 2019 | 2018 | |||
| Funds | Funds | Funds | Total | Total | |||
| £ | £ | £ | £ | £ | |||
| Statutory Fees | 3,195 | - | - | 3,195 | 2219 | ||
| Total Income from Church Activities | 3,195 | - | - | 3,195 | 2,219 | ||
| 6 | Other Incoming Resources | ||||||
| Unrestricted | Designated | Restricted | 2020 | 2019 | |||
| Funds £ |
Funds £ |
Funds £ |
Total £ |
Total £ |
|||
| Alms House Chaplaincy | 1,500 | - | - | 1,500 | 1,500 | ||
| Tax-VAT refund | 2,989 | - | - | 2,989 | 712 | ||
| 4,489 | - | - | 4.489 | 2212 |
3 Activities for Generating funds
Page10
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THE PCC OF THE ECCLESIASTICAL PARISH OF ST MARY OF CHARITY, FAVERSHAM, KENT
NOTES TO THE ACCOUNTS(Continued)
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|---|---|---|---|---|---|---|---|---|---|---|
|FOR THE|YEAR|ENDED|31ST DECEMBER|2020|
|neem|
|7|Church|Activities|
|Unrestricted|Designated|Restricted|2020|2019|
|Funds|Funds|Funds|Total|Total|
|Diocesan|Parish|Share(£63,746|less|£|£|£|£|£|
|discount|of £128|for paying|monthly)|63,618|-|-|63,618|62,429|
|Deanery|Mission|Costs|90|-|-|90|127|
|Home|Mission|é|25|-|-|25|561|
|Incumbent|Working|Expenses|354|-|-|354|333|
|Assistant|Staff Costs|406|-|-|406|20|
|Upkeep|of Services|726|-|-|726|1,569|
|Administration|and|Office|727|-|.|727|828|
|Parish|Administrator|3,220|-|-|3,220|1,857|
|Office Telephone and|Broadband|1,935|-|-|1,935|1.419|
|Church|Running|-|Electricity|2,114|-|-|2,114|1,134|
|Church|Running|- Gas|4,451|-|-|4,451|9,348|
|Church|Running- Water|526|-|-|526|380|
|Church|Running-|Insurance|9,108|-|-|9,108|8,886|
|Church|Maintenance &|Improvement|3,253|120|11,209|14,582|15,713|
|Depreciation|101|-|73|174|174|
|Bell|&|Clock|Maintenance|and|Repair|-|177,513|6,000|183,513|7,956|
|Organ|and|Piano Tuning|1,091|-|1,091|988|
|Purchase|of low|value|Fixture|and|Fittings|€|=|-|-|439|
|Equipment|and|Software|-|-|234|234|300|
|Website|costs|63|-|-|63|142|
|Music and|Choir|799|-|-|799|1,059|
|Organist|fees|180|-|-|180|3,560|
|Little|Fishes|-|133|-|133|219|
|Youth|and|Children|-|-|-|~|236|
|Subscriptions|and|donations|180|-|-|180|330|
|Hospitality|11|-|-|11|191|
|Vicarage|Expenses|23|-|-|23|21|
|Independent|examiner|-|-|-|-|400|
|Photocopying|2,229|2|3|2,229|3,000|
|2.230|TTB|TBS|UTZ TTT|
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In addition to these Donations above St Mary of Charity has been responsible for raising funds for Christian Aid amounting to-£54 Royal British Legion £45, Children Society £121 and Porchlight £ 768 These Donations have been processed as Agency payments. 8 Governance Costs The Accounts are held on a series of dedicated spreadsheets. As our income exceeded £250,000 we needed to employ a Independent Examiner in 2018 these costs are shown in the 2019 accounts. 9 Staff Costs During the year the PCC employed an organist. It also shared costs with other parishes in the Benefice of Faversham to employ an administrator. Both are part time and no payments were large enough to attract social security costs. The Director of Music resigned in July 2019.
There were no employee benefits to key management personnel in the previous or current year.
10 Related Parties The Vicar and Churchwardens operate a separate bank account to receive income from various legacies and sundry items given over many years to be administered by the Vicar and Churchwardens as opposed to PCC. The Capital fund from which income is derived is invested in ten separate CBF Church of England Income Units totalling 1,714 (2019 - 1,714) and the value at 31 December 2020 was £33,001(2019 £32,856). The bank balance was £3,516 (2019 £3,380) The PCC does not have control over this account. The income has not needed to be spent on the churchyard since Swale Borough Council took over the maintenance although it is available for any additional work required. A small immaterial portion of the expenses paid to the Vicar may have related to his services as Chairman of the PCC
THE PCC OF THE ECCLESIASTICAL PARISH OF ST MARY OF CHARITY, FAVERSHAM, KENT
Page11
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NOTES TO THE ACCOUNTS (Continued) FOR THE YEAR ENDED 31 DECEMBER 2020
10 Related party (continued)
The church benefits from work undertaken by the St Mary of Charity Faversham Restoration Fund, (Charity No. 291929). Although certain PCC members are trustees of the Restoration Fund, the PCC does not control the charity.
The church will also benefit from the work undertaken by the Friends of St Mary of Charity Church, a Charity formed as a Charitable Incorporated Organisation( charity No 1180641) in 2018. Although certain members of the PCC are Trustees it is not controlled by the PCC.
| 11 | Fixed Assets | Church | Total | ||
|---|---|---|---|---|---|
| Equipment | |||||
| £ | £ | ||||
| Cost or Valuation | |||||
| At 1stJanuary 2020 | 3,792 | 3,792 | |||
| Additions at cost | - | . | |||
| At 31st December 2020 | 3,792 | 3,792 | |||
| Depreciation | |||||
| At 1st January 2020 | 483 | 483 | |||
| Charge for the year | 174 | 174 | |||
| At 31st December 2020 | 657 | 657 | |||
| Net Book Value | |||||
| At 31st December 2019 | 3,309 | 3,309 | |||
| At 31st December 2020 | 3.135 | 3,135 | |||
| 12 | Investments | ||||
| Investments are represented by CBF Deposit Funds. | |||||
| 13 | Debtors and Prepayments | 2020 | 2019 | ||
| £ | £ | ||||
| Benefice expenses Recoverable from Parishes | 1,335 | 1,206 | |||
| Outside Lectern | 928 | 928 | |||
| Photocopying | e | 58 | 32 | ||
| Job retention scheme | 484 | - | |||
| Donations receivable relating to 2019 events | - | 3,200 | |||
| Hire ofChurch and Heating | - | 657 | |||
| GiftAid recoverable | 3,400 | 3,274 | |||
| Castle water credit | 33 | - | |||
| Recoverable from Diocese | 210 | . | |||
| PCC Statutory fees | - | 43 | |||
| Holding Deposit | - | 6,000 | |||
| Faversham Municipal charities reAlmshouse chapel | . | 375 | |||
| Legacy | 8,500 | - | |||
| Grant forVAT on Bells contract fro Listed places ofWiorship scheme | 19,556 | ||||
| Non statutory fees | - | 150 | |||
| VAT refund re electric | 401 | 1,500 | |||
| Late receipts | - | 550 | |||
| Accrued interest | . | 567 | |||
| TotalDebtorsandPrepayments | 34,905 | 18.482 |
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THE PCC OF THE ECCLESIASTICAL PARISH OF ST MARY OF CHARITY, FAVERSHAM, KENT
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|NOTES TO THE ACCOUNTS|(Continued)|
|FOR THE YEAR|ENDED|31|DECEMBER|2020|
|14|Creditors- Amounts|falling|due|in|less than one year|2020|2019|
|British|£|£|
|Choir|PayTelecom|289|233|
|Church|-|150|
|Church|Electricity|97|303|
|Gas|1,565|2,268|
|Community|and|Mission|presto|expenses|282|79|
|Donations|-|150|
|Taylors|Bell|Foundry|67,576|-|
|Architect|costs|re|Bells|910|5518|
|Bat|Survey|re|Bells|
|Following|-|226|
|year wedding|fees|400|450|
|Incumbents expenses|892|543|
|Maintenance|and|Improvement|
|Future|-|9|
|expenses|of the|Deanery|Funeral Administrators|post|1,234|1,850|
|Upkeep|of services|32|33|
|Photocopying|43|100|
|Pension|Contributions,|PAYE|and|arrear of Salary|5|244|
|15|AgencyTotal Accounts Creditors|73,325|12,154|
|The|agency|account|is|used|to|receive|and|disburse|monies|that are|specifically|due|to|other|organisations|and do|not|
|belong|to|the|church.|The PCC|holds|the|amounts shown|below as|part|of our general|bank|balances.|
|2020|2019|
|Children's|£|£|
|Christian|Society|121|159|
|Aid|54|238|
|Community|Bus|17,228|1,250|
|Advent|for justice|
|Britsh|-|15|
|Sing|Legion|45|-|
|a|long|404|439|
|Porchlight|768|-|
|Canterbury|Diocesan|Board|of Finance|Statutory fees|610|341|
|Total|Funds|Held|7|19,230|2.502|
|16|Summary of Fund Movements|Balance|Income|Expenses|Transfers|Balance|
|Restricted|1st Jan 2020|31st Dec 2020|
|Built|to|Inspire|1,995|33|-|é|2,028|
|Music Fund|1,612|-|73|-|1,539|
|Organ Fund|11,656|34|-|-|11,690|
|Healing|75|-|-|-|18|
|Flowers|537|-|
|Flower|-|537|
|Alter|festival|-|922|-|“|922|
|Linen|493|-|-|Ps|493|
|Vicar's|Designated|Fund|1,653|250|234|-|1,669|
|Home Communion|Set|215|-|-|Es|215|
|Bells|6,000|15,000|6,000|;|15,000|
|Lecture|Takings|987|-|-|
|Kitchen|=|987|
|and|Toilet|3,558|967|-|S|4,525|
|Restoration|Fund-|repairs|800|11,972|11,209|=|1,563|
|North|Transept/Wall/Buttresses|1,856|-|-|
|=|1,856|
|Designated|
|Bell|Ringing|Fund|195.457|31,772|177,633|-|49,596|
|Choir Fund|2,091|250|110|.|2,231|
|Children|and|Youth|Ministry|220|-|-|-|220|
|Development|Fund|28,549|92|-|-|28,641|
|Kitchen and Toilets|50,000|-|-|-|50,000|
|Little|Fishes|604|120|133|-|591|
|Holiday|club|671|925|520|-|1,076|
|Unrestricted|Funds|~277,592|30,159.|1/8396|DD|
|General|46,244|81,950|95,329|-|32,865|
|:|
|Total|Funds|355,273|144.287|291,241|-|208,319|
|17|The project to|reinstate|the|bells,|install two new bells and|reinstate|the|clock|is on|going.|At the|year end|the PCC|hada|
|contractual|liablity|to complete|this work|in|the sum of £46.803|including.|In|addition|on|the|8th|February 2021 a|further|
|sum was|approved|in|the|sum|of £4,395|to|strengthen|the|bell|frame.|
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Page 13
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THE PCC OF THE ECCLESIASTICAL PARISH OF ST MARY OF CHARITY, FAVERSHAM, KENT
NOTES TO THE ACCOUNTS (Continued) FOR THE YEAR ENDED 31 DECEMBER 2020 18 Summary of Assets by Fund
.
| FOR THE YEAR ENDED 31 DECEMBER 18 Summary of AssetsAssets by Fund |
2020 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Designated | Restricted | Total | |||
| Fund | Fund | Fund | ||||
| £ | £ | £ | fF | |||
| Tangible Fixed Assets | 1,808 | - | 1,327 | 3,135 | ||
| Current Assets | 35,896 | 200,841 | 41,772 | 278,509 | ||
| Current Liabilities | (4,839) | (68,486) | - | (73,325) | ||
| 19 Comparative Statement of Financial | Activities (2019) | |||||
| Notes Jnrestricted | Designated | Restricted | 2019 | 2018 | ||
| Funds | Funds | Funds | Total | Total | ||
| £ | £ | £ | £ | £ | ||
| INCOME | ||||||
| Voluntary Income | 81,255 | 549 | 11,922 | 93,726 | 412,797 | |
| Activities forGenerating funds | 4.836 | 1,294 | - | 6,130 | 8,474 | |
| Income from Investments | 109 | 903 | 60 | 1,072 | 221 | |
| Church Activities | 2,219 | - | - | 2,219 | 5,126 | |
| Other incoming resources | 2212 | - | - | 2,212 | 2,251 | |
| 90,631 | 2,746 | 11,982 | 105,359 | 428 869 | ||
| TOTAL INCOME | ||||||
| EXPENDITURE | ||||||
| Church Activities | 106,337 | 502 | 16,780 | 123,619 | 164,239 | |
| Raising funds | 196 | 320 | - | 516 | 1,889 | |
| 106,533 | 822 | 16,780 | 124,135 | 166,128 | ||
| TOTAL EXPENDITURE | ; | |||||
| NETINCOME/ (EXPENDITURE) BEFORE OTHER RECOGNISED GAINS |
(15,902) | 1,924 | (4,798) | (18,776) | 262,741 | |
| : | ||||||
| - | - | - | - | 25,858 | ||
| Prioryear adjustment | ||||||
| (15,902) | 1,924 | (4,798) | (18,776) | 288,599 | ||
| NETINCOME/(EXPENDITURE | ||||||
| (673) | (6,028) | 6,701 | - | - | ||
| TRANSFER BETWEEN FUNDS | ||||||
| (16,575) | (4,104) | 1,903 | (18,776) | 288,599 | ||
| NET MOVEMENT IN FUNDS | ||||||
| 62,819 | 281,696 | 29,534 | 374,049 | 85,450 | ||
| Total funds brought forward | ||||||
| Total fundscarriedforward | 46,244 | 277,592 | 31,437 | 355,273 | 374,049 |