**Charity Registration number - 1128854**
**THE PCC OF THE ECCLESIASTICAL PARISH OF ST MARY OF CHARITY, FAVERSHAM KENT**
**PCC REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021**
**THE PCC OF THE ECCLESIASTICAL PARISH OF ST MARY OF CHARITY, FAVERSHAM KENT YEAR ENDED 31 DECEMBER 2021 CONTENTS**
||**Page**|
|---|---|
|Legal and Administrative Information|1-2|
|Trustees' Report|3-4|
|Independent Examiner's Report|5|
|Statement of Financial Activities|6|
|Balance Sheet|7|
|Notes to the Accounts|8-13|
**THE PCC OF THE ECCLESIASTICAL PARISH OF ST MARY OF CHARITY, FAVERSHAM, KENT**
Page 1
## **LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2020**
## **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
P0 Box 90, 13 Market Place, Faversham, Kent, ME13 7DT
Santander UK Plc
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
**THE PCC OF THE ECCLESIASTICAL PARISH OF ST MARY OF CHARITY, FAVERSHAM, KENT**
Page 2
**LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2021**
## **PCC Members and Trustees**
Rev'd Simon Rowlands Rev'd Dan Corcoran
Mr Kevin Swinney
Mrs Miranda Ford Mrs Deanna Neesham
Mrs Mary Wimlett
Vicar and Chair of PCC Community and Mission priest
Reader
Church Warden, Diocesan and Deanery Synod Representative Appointed Secretary 13th June 2021
PCC Secretary until 13th June 2021
## **Elected Members**
Mrs Elizabeth Morris Mr Michael Moore Mrs Carole Rickard Mrs Nicola Hodges Mr Brian Jones Miss Margaret Lanxon Mr Dennis Parrett Mrs Jennie Osborne Mr Clive Southwell Mr Keith Tyler Mr David Powell Mrs Joanne Morrobel Mr Brian Wimlett Mrs Mary Wimlett
Parish Safeguarding Officer Treasurer Until 13th January 2021
Appointed 13th June 2021
Until September 30th 2021
**THE PCC OF THE ECCLESIASTICAL PARISH OF ST MARY OF CHARITYB, FAVERSHAM, KENT**
Page 3
## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2021**
## **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 112 parishioners on the roll at 31 December 2020. This is a net difference of 8 more than at the previous year end. Usual Sunday Attendance is 78 adults, the figures for special services, such as Easter, Christmas and Harvest (which considerably enhance these weekly figures) are recorded separately. This has been yet again a very different year with the Pandemic changing in many ways,
## **Review of the year**
2021 has been an extraordinary, turbulent and challenging year for us all, the clergy have adapted to the situation with the church open then closed for months during periods of lockdown. The Team have provided live services wherever possible and have ensured the safety of their congregation. Mission has taken place around the Benefice in outdoor spaces using the GEM72 mobile initiative where possible.
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 2021 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 2021.
Central to our activities is that we maintain an ''open church'' policy and encourage mission through heritage, tourism and community outreach. 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 limited in 2021..
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 clock. The project to restore the bells and add two additional clocks was completed during the year and the work to restore the clock and reinstate the chimes was completed in early 2022. The PCC would like to thank all the voluntary labour that has been used on the project which has ensured the project has come within budget.
The remaining £50,000 will be treated as seed funding towards the new Toilet and Kitchen. The PCC is also pleased to report that drawings have been prepared for the new Kitchen and Toilets and in 2022 prices will be obtained so we know what additional funds we require.
Page 4
**ST MARY OF CHARITY FAVERSHAM, KENT**
## **TRUSTEE'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2021**
## **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 £12,178 the figures included income from a legacy of £18,000 which if excluded would result in a deficit of £30,178 it is hoped this level of deficit can be reduced in 2022 once the Pandemic eases and life returns to some normality. The figures are shown in detail on page 6
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.
## **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, at the current time we have less than three months.
## **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 and mission in hoping that we may maintain as a benefice the same level of clergy that we currently have and develop our mission in the community and congregation. The PCC looked forward to the completion of the Bells project of restoration in 2021 and proceeding with the Kitchen and Toilets project.
Approved by the PCC on 4th April 2022 and signed on its behalf
_**……………………………………………..**_ Rev S D Rowlands Simon D RoéMands
**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**
I report on the accounts of the Church for the year ended 31 December 2020 which are set out on pages 6 to 13.
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:
- examine the accounts under Section 145 of the 2011 Act;
- follow the procedures laid down in the applicable directions given by the Charity Commission (under Section 145(5)(b) of the 2011 Act; and
- state whether particular matters have come to my attention.
## **Basis of Independent Examiner's Statement**
My examination was carried out in accordance with applicable 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:
- 1 which gives me reasonable cause to believe that, in any material respect, the requirements:
- 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.
have not been met; or
2
to which, in my opinion, 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 5th April 2022
**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 2021**
|**Notes Unrestricted**
**Designated**
**Funds**
**Funds**
**£**
**£**
**INCOME**
Voluntary Income
2
83,235
7,823
Activities for Generating funds
3
1,059
376
Income from Investments
4
5
28
Church Activities
5
3,047
-
Other incoming resources
6
1,500
-
**TOTAL INCOME**
88,846
8,227
**EXPENDITURE**
Church Activities
7
100,971
38,142
Raising funds
53
-
**TOTAL EXPENDITURE**
101,024
38,142
NET INCOME/ (EXPENDITURE) BEFORE
OTHER RECOGNISED GAINS
(12,178)
(29,915)
**TRANSFER BETWEEN FUNDS**
-
15,000
**NET MOVEMENT IN FUNDS**
(12,178)
(14,915)
Total funds brought forward
32,865
132,355
Total funds carried forward
20,687
117,440|**Restricted**
**Funds**
**£**
300
470
4
-
-
774
124
124
650
(15,000)
(14,350)
43,099
28,749|**2021**
**Total**
**£**
91,358
1,905
37
3,047
1,500
97,847
139,237
53
139,290
(41,443)
-
(41,443)
208,319
166,876|**2020**
**Total**
**£**
134,021
2,145
437
3,195
4,489|
|---|---|---|---|
||||144,287|
||||290,512
729|
||||291,241|
||||(146,954)
-|
||||(146,954)
355,273|
||||208,319|
**THE PCC OF THE ECCLESIASTICAL PARISH OF ST MARY OF CHARITY, FAVERSHAM, KENT**
Page 7
## **BALANCE SHEET AS AT 31 DECEMBER 2021**
||**Notes**|||**2021**||**2020**|
|---|---|---|---|---|---|---|
|||||**£**||**£**|
|**FIXED ASSETS**|||||||
|Tangible|11|||2,961||3,135|
|**CURRENT ASSETS**|||||||
|Investments||29,745|||29,730||
|Debtors and Prepayments|13|30,494|||34,905||
|Short term deposits||50,592|||85,575||
|Cash at bank and in hand||84,196||195,027|128,299|278,509|
|**LIABILITIES**|||||||
|Creditors- amounts falling|||||||
|due within one year|14|||31,112||73,325|
|**NET CURRENT ASSETS**||||163,915||205,184|
|**TOTAL ASSETS LESS CURRENT LIABILITIES**||||166,876||208,319|
|Creditors - amounts falling|||||||
|due after more than one year||||-|-|-|
|**TOTAL NET ASSETS**||||166,876||208,319|
|**PARISH FUNDS**|||||||
|Unrestricted funds|16|||20,687||32,865|
|Designated funds|16|||117,440||132,355|
|Restricted funds|16|||28,749||43,099|
|**TOTAL FUNDS OF THE CHURCH**||||166,876||208,319|
The notes at pages 8 to 13 form part of these accounts
Approved by the Parochial Church Council on 4th April 2022 and signed on its behalf by:-
………………………………. Rev Simon D Rowlands Rev Simon D RéWiands
**THE PCC OF THE ECCLESIASTICAL PARISH OF ST MARY OF CHARITY, FAVERSHAM, KENT**
Page 8
**NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2021**
## **1 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. 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 s.10(2) of the Charities Act 2011.
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 individual items costing more than £800 have been written off when incurred, any individual item costing more than £800 is being depreciated at 5% pa on cost.
## **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.
## **Currency**
The presentation currency of the financial statements is the Pound Sterling (£).
## **Taxation**
The PCC is exempt from tax on its charitable activities.
**THE PCC OF THE ECCLESIASTICAL PARISH OF ST MARY OF CHARITY, FAVERSHAM, KENT**
Page 9
## **NOTES TO THE ACCOUNTS (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2021**
|2
**Voluntary Income**
**Unrestricted Designated**
**Funds**
**Funds**
**£**
**£**
43,506
-
3,361
-
754
9
81
-
10,889
-
18,636
-
Worship ( VAT) and Diocese
5,268
7,814
740
-
-
-
83,235
7,823
**3**
**Unrestricted Designated**
**Funds**
**Funds**
**£**
**£**
29
366
120
-
Church Hire and Heating Costs
699
-
Church Coffee and afternoon teas
14
-
Photocopying
197
-
Holiday Club
-
10
~~1,059~~
~~376~~
4
**Unrestricted Designated**
**Funds**
**Funds**
**£**
**£**
5
-
Interest on Investment Accounts
-
11
Interest on Short Term Deposits
-
17
**Total Income from Investments**
5
~~28~~
**5 Income from Church Activities**
**Unrestricted Designated**
**Funds**
**Funds**
**£**
**£**
Statutory Fees
3,047
-
**Total Income from Church Activities**
3,047
-
6
**Unrestricted Designated**
**Funds**
**Funds**
**£**
**£**
Alms House Chaplaincy
1,500
-
Tax- VAT refund
-
-
1,500
**-**
Donations received
Home Communion
Social & Fundraising
**Income from Activities for Generating**
**Income from Investments**
Bank Interest
Regular Giving
Collections
Candle stand and Pillar Boxes
Gift Aid recoverable
Little Fishes
Legacies
Grants Swale B C, Places of
Non Statutory fees
**Total Voluntary Income**
**Activities for Generating funds**
**Other Incoming Resources**|**Restricted**
**Funds**
**£**
-
-
300
-
-
-
-
-
-
300
**Restricted**
**Funds**
**£**
-
-
470
-
-
-
470
**Restricted**
**Funds**
**£**
-
4
-
4
**Restricted**
**Funds**
**£**
-
-
**Restricted**
**Funds**
**£**
-
-
**-**|**2021**
**Total**
**£**
43,506
3,361
1,063
81
10,889
18,636
13,082
740
-
91,358
**2021**
**Total**
**£**
395
120
1,169
14
197
10
1,905
**2021**
**Total**
**£**
5
15
17
37
**2021**
**Total**
**£**
3,047
3,047
**2020**
**Total**
**£**
1,500
-
1,500|**2020**
**Total**
**£**
45,986
2,040
5,874
79
11,521
9,000
58,870
531
120|
|---|---|---|---|
||||134,021|
||||**2020**
**Total**
**£**
352
-
654
-
214
925
|
||||~~2,145~~|
||||**2020**
**Total**
**£**
49
126
262|
||||437|
||||**2020**
**Total**
**£**
3195|
||||3,195|
||||**2019**
**Total**
**£**
1,500
2,989|
||||4,489|
**THE PCC OF THE ECCLESIASTICAL PARISH OF ST MARY OF CHARITY, FAVERSHAM, KENT**
Page10
## **NOTES TO THE ACCOUNTS(Continued) FOR THE YEAR ENDED 31ST DECEMBER 2021**
## **7 Church Activities**
|**Unrestricted Designated**
**Funds**
**Funds**
**£**
**£**
Diocesan Parish Share(£64,721 less
discount of £129 for paying monthly)
64,592
-
Deanery Mission Costs
90
-
Home Mission
100
-
Incumbent Working Expenses
235
-
Community and Mission Prest
739
-
Upkeep of Services
288
-
Administration and Office
839
11
Parish Administrator
3,648
-
Office Telephone and Broadband
1,053
-
Church Running - Electricity
1,075
-
Church Running - Gas
6,228
-
Church Running- Water
697
-
Church Running- Insurance
9,058
-
Church Maintenance & Improvement
5,630
66
Depreciation
101
-
Bell & Clock Maintenance and Repair
-
37,898
Organ and Piano Tuning
1,124
-
Equipment and Software
-
-
185
-
1,362
120
1,365
-
-
175
-
Subscriptions and donations
377
-
Hospitality
-
47
Vicarage Expenses
23
-
Photocopying
1,987
-
100,971
38,142
Music and Choir
Organist fees
Little Fishes
Youth and Children
Website costs|**Restricted**
**Funds**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
73
-
-
-
-
-
51
-
-
-
124|**2021**
**Total**
**£**
64,592
90
100
235
739
288
850
3,648
1,053
1,075
6,228
697
9,058
5,696
174
37,898
1,124
-
185
1,482
1,365
-
175
428
47
23
1,987
139,237|**2020**
**Total**
**£**
63,618
90
25
354
406
726
727
3,220
1,935
2,114
4,451
526
9,108
14,582
174
183,513
1,091
234
63
799
180
133
-
180
11
23
2,229|
|---|---|---|---|
||||290,512|
In addition to these Donations above St Mary of Charity has been responsible for raising funds Royal British Legion £207, Children Society £106 and Porchlight £ 750 These Donations have been processed as Agency payments.
## **8 Governance Costs**
The Accounts are held on a series of dedicated spreadsheets.
As our income is below £250,000 we do not need to engage an Independent Examiner who has a practicing certificate.We are therefore able to employ an Honorary Independent Examiner.
## **9 Staff Costs**
The PCC employs a part time admistrator, these cost are shared with other parishes in the Benefice of Faversham. The cost shown in the accounts is net of the other parishes contributions.
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 (2020 - 1,714) and the market value at 31 December 2021 was £40,323 (2020 £33,001). The bank balance was £3,535 (2020 £3,516) 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 at Vicar and Churchwardens discretion.
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
## **NOTES TO THE ACCOUNTS (Continued) FOR THE YEAR ENDED 31 DECEMBER 2021**
## **10 Related party (continued)**
In 2000 the church benefited 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, this charity has now been wound
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**
Cost or Valuation
At 1st January 2021
Additions at cost
At 31st December 2021
Depreciation
At 1st January 2021
Charge for the year
At 31st December 2021
Net Book Value
At 31st December 2020
At 31st December 2021
**12 Investments**
**13 Debtors and Prepayments**
Benefice expenses Recoverable from Parishes
Outside Lectern
Photocopying
Job retention scheme
Donations receivable relating to 2021
Funeral fees
Gift Aid recoverable
Castle water credit
Recoverable from Diocese
Legacy
Grant for VAT on Bells contract from Listed places of Worship scheme
VAT refund re electric
Late receipts
Total Debtors and Prepayments
Investments are represented by CBF Deposit Funds.|**Church**
**Equipment**
**£**
3,792
-
3,792
657
174
831
3,135
2,961
**2021**
**£**
2,095
928
36
-
300
1,126
2,730
-
-
18,000
5,165
-
114
30,494|**Total**
**£**
3,792
-|
|---|---|---|
|||3,792|
|||657
174|
|||657|
|||3,135|
|||3,135|
|||**2020**
**£**
1,335
928
58
484
-
-
3,400
33
210
8,500
19,556
401
-|
|||34,905|
Page12
## **THE PCC OF THE ECCLESIASTICAL PARISH OF ST MARY OF CHARITY, FAVERSHAM, KENT**
**NOTES TO THE ACCOUNTS (Continued) FOR THE YEAR ENDED 31 DECEMBER 2021**
|**NOTES TO THE ACCOUNTS (Continued)**
**FOR THE YEAR ENDED 31 DECEMBER 2021**|||
|---|---|---|
|**14 Creditors- Amounts falling due in less than one year**
British Telecom
Church Water
Church Electricity
Church Gas
Community and Mission prest expenses
Public Clocks
Taylors Bell Foundry
Architect costs re Bells
Organist fee
Fees in advance
Following year wedding fees
Incumbents expenses
Future expenses of the Deanery Funeral Administrators post
Upkeep of services
Donation
Photocopying
Vicarage costs
Pension Contributions, PAYE and arrear of Salary
**Total Creditors**|**2021**
£
146
330
347
3,066
941
18,834
4,672
-
416
216
400
553
617
64
150
169
91
100
31,112|**2020**
£
289
-
97
1,565
282
-
67,576
910
-
400
892
1,234
32
-
43
91
5|
|||73,416|
## **15 Agency Accounts**
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.
|Children's Society
Christian Aid
Community Bus
Britsh Legion
Sing a long
Porchlight
Canterbury Diocesan Board of Finance Statutory fees
**Total Funds Held**
**16 Summary of Fund Movements**
**Balance**
**Income**
Restricted
Built to Inspire
2,028
-
Music Fund
1,539
-
Organ Fund
11,690
474
Healing
75
-
Flowers
537
-
Flower festival
922
Alter Linen
493
-
Vicar's Designated Fund
1,669
300
Home Communion Set
215
-
Bells
15,000
Lecture Takings
987
-
Kitchen and Toilet
4,525
-
Restoration Fund- repairs
1,563
-
North Transept/Wall/Buttresses
1,856
-
~~43,099~~
~~774~~
Bell Ringing Fund
49,596
7,956
Choir Fund
2,231
250
Children and Youth Ministry
220
-
Development Fund
28,641
11
Kitchen and Toilets
50,000
-
Little Fishes
591
-
Holiday club
1,076
10
132,355
8,227
General
32,865
88,846
208,319
97,847
**1st Jan 2021**
Total Funds
Designated
Unrestricted Funds|**Expenses**
-
73
-
-
-
-
-
51
-
-
-
-
-
~~124~~
37,975
167
-
-
-
-
-
38,142
101,024
139,290|**2021**
**£**
106
-
19,009
207
372
750
988
21,432
**Transfers**
-
-
-
-
-
-
-
-
-
(15,000)
-
-
-
-
(15,000)
15,000
-
-
-
-
-
-
15,000
-
-|**2020**
**£**
121
54
17,228
45
404
768
610|
|---|---|---|---|
||||19,230|
||||**Balance**
**31st Dec 2021**
2,028
1,466
12,164
75
537
922
493
1,918
215
-
987
4,525
1,563
1,856
|
||||~~28,749~~|
||||34,577
2,314
220
28,652
50,000
591
1,086|
||||117,440|
||||20,687|
||||166,876|
**THE PCC OF THE ECCLESIASTICAL PARISH OF ST MARY OF CHARITY, FAVERSHAM, KENT**
Page 13
## **NOTES TO THE ACCOUNTS (Continued) FOR THE YEAR ENDED 31 DECEMBER 2021**
## **17 Bells Project**
The project to reinstate the bells, install two new bells and reinstate the clock is on going. At the year end the PCC had a contractual liablity to complete this work, other than a small amount of remedial work the balance of the costs is shown in creditors including retentions. It is assumed all VAT will be recovered via the Government grant scheme.
## **18 Summary of Assets by Fund**
|**Unrestricted**
**Fund**
£
Tangible Fixed Assets
1,707
Current Assets
26,586
Current Liabilities
(7,606)
20,687|**Designated**
**Fund**
£
-
140,946
(23,506)
117,440|**Restricted**
**Fund**
£
1,254
27,495
-
28,749|**Total**
£
2,961|
|---|---|---|---|
||||195,027|
||||(31,112)|
||||166,876|
## **19 Comparative Statement of Financial Activities (2020)**
|**NotesUnrestricted Designated**
**Funds**
**Funds**
**£**
**£**
**INCOME**
73,247
31,630
970
1,175
Income from Investments
49
354
Church Activities
3,195
-
Other incoming resources
4,489
-
**TOTAL INCOME**
81,950
33,159
**EXPENDITURE**
Church Activities
95,230
177,766
Raising funds
99
630
**TOTAL EXPENDITURE**
95,329
178,396
NET INCOME/ (EXPENDITURE) BEFORE
OTHER RECOGNISED GAINS
(13,379)
(145,237)
**TRANSFER BETWEEN FUNDS**
-
-
**NET MOVEMENT IN FUNDS**
(13,379)
(145,237)
Total funds brought forward
46,244
277,592
Total funds carried forward
32,865
132,355
Voluntary Income
Activities for Generating funds|**Restricted**
**Funds**
**£**
29,144
-
34
-
-
29,178
17,516
-
17,516
11,662
-
11,662
31,437
43,099|**2020**
**Total**
**£**
134,021
2,145
437
3,195
4,489
144,287
290,512
729
291,241
(146,954)
-
(146,954)
355,273
208,319|**2019**
**Total**
**£**
93,726
6,130
1,072
2,219
2,212|
|---|---|---|---|
||||105,359|
||||123,619
516|
||||124,135|
||||(18,776)
-|
||||(18,776)
374,049|
||||355,273|