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 2022
THE PCC OF THE ECCLESIASTICAL PARISH OF ST MARY OF CHARITY, FAVERSHAM KENT YEAR ENDED 31 DECEMBER 2022 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 2022
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 2022
PCC Members and Trustees
Rev'd Simon Rowlands Rev'd Dan Corcoran
Mr Kevin Swinney Mr Clive Southwell
Mrs Deanna Neesham Mrs Miranda Ford
Mr Derek Swain Mrs Claire Choong
Vicar and Chair of PCC Community and Mission priest
Reader and Churchwarden from 12th May 2022 Churchwarden from 12th May 2022 - 31st December 2022
Secretary
Church Warden to 12th May 2022, Diocesan House of Laity Chair, Archbishops Council, Diocesan and Deanery Synod Representative Appointed 12th May 2022 Deanery Synod Representative Appointed 12th May 2022 Deanery Synod Representative
Elected Members
Mrs Elizabeth Morris Mr Michael Moore Mrs Carole Rickard Mr Brian Jones Miss Margaret Lanxon Mr Dennis Parrett Mrs Jennie Osborne Mr David Powell Mr Keith Tyler Mr Brian Wimlett Mrs Mary Wimlett Mrs Rosiland Graham
Parish Safeguarding Officer Treasurer
Retired 12th May 2022
Retired 12th May 2022
Appointed 12th May 2022
THE PCC OF THE ECCLESIASTICAL PARISH OF ST MARY OF CHARITYB, FAVERSHAM, KENT
Page 3
r Dereck
TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2022
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 107 parishioners on the roll at 31 December 2022. This is a net Increase of 1 more than at the previous year end. Usual Sunday Attendance is 55 adults, the figures for special services, such as Easter, Christmas and Harvest (which considerably enhance these Sunday figures) are recorded separately.
Review of the year
Following two years of the pandemic 2022 has brought a year when things have gradually got back to normal. church services have returned to the original pattern. Church finances were badly effected by the pandemic and early in 2022 the PCC formed a committee with the aim of raising additional funds. This proved fairly successful with the Electric Vehicle show in May and the receipt of a substantial grant to cover our insurance costs and a number of other Fundraising activities including funds raised from a number of concerts. We also received a substantial legacy of over £36,000 which greatly assisted in boosting our finances. The PCC also agreed to have a credit card machine on permanent display in the church in order that occasional visitors could make a contribution to the upkeep of the church fabric.
The Canterbury Diocese decided to reduce the parish Share in 2022 and in return they wanted a commitment that all parishes would meet their commitment which we were able to do. The payment which the PCC pays monthly contributes to clergy and central costs. Ministry was funded largely from the regular giving and collections plus fees from funerals and five weddings which took place in the church during 2022
Central to our activities is that we maintain an ''open church'' policy and encourage mission through heritage, tourism and community outreach. The Church is a community hub for holding meetings, such as GEM awards as well as being a means to raise funds to contribute to the upkeep of the fabric of the church . Examples include a number of concerts organised by outside bodies and charities and events being held in the church, plus the regular concerts run by our new Director of Music Ben Saul, on a Saturday.
We are pleased to report the completion of the refurbishment and and installation of two new bells and the restoration of the clock and chimes. This was celebrated by a service of dedication attended by the Bishop of Dover. The PCC is pleased to say that the project came in well within the budget and the balance of the fund set aside will greatly assist in bolstering the church finances. The PCC would like to thank all those involved in the project whether it be the grant providers, the contractors or all the volunteer's that worked on the project since its inception.
We previously reported that £50,000 had been set aside for the next major project the kitchen and toilets, this has been enhanced in 2022 by further donations. Progress has been slow but we now have drawings and initial costings and a faculty will soon be applied for to enable grants to be obtained to cover the costs which will be in excess of £100,000
ST MARY OF CHARITY FAVERSHAM, KENT
Page 4
TRUSTEE'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2022
Review of Year (continued)
Mission has continued around the Benefice during 2022 using the GEM 72 mobile imitative. In the latter part of 2022 GEM 72 became a separate Charity with Trustees drawn from across the Benefice. A new service aimed at young people called I wonder has began for the Benefice based at Davington Church, with assistance from members of the coaggregation. St Mary of Charity PCC continued to be responsible for the oversight of the Benefice administration. The office moving to St Mary of Charity primary school during the year.
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, each triennium. One of our members is: Chairing the Diocesan House of Laity, on Archbishops Council and Lay Chair of Deanery This provides the PCC with important links between the parish and the wider structure of our Diocese.
Financial Review
The attached accounts show an unrestricted surplus for the year of £32,188 (2021- deficit £12,178) the figures included income from a legacy of £36,504 which if excluded would result in a small deficit it is hoped that in 2023 we can build on the fundraising projects of 2022 and we can have a sustainable future without the reliance on legacies.
The Designated reserves have been placed on the interest bearing accounts where we are beginning to see rates return to historically normal levels. These projects in particular kitchen and toilets 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
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 just met this target which we hope to maintain.
Plans for the future
With things returning to normal 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 is looking forward to proceeding with the Kitchen and Toilets project. and brining this to fruition during the next few years
Approved by the PCC on 28th March 2023 and signed on its behalf
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……………………………………………..
Rev S D Rowlands Simon D RéMands
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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
I report on the accounts of the Church for the year ended 31 December 2022 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:
-
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 29th March 2023
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 2022
| Notes Unrestricted Designated Funds Funds £ £ INCOME Voluntary Income 2 113,576 1,222 Activities for Generating funds 3 11,944 984 Income from Investments 4 228 306 Church Activities 5 2,927 - Other incoming resources 6 1,750 - TOTAL INCOME 130,425 2,512 EXPENDITURE Church Activities 7 100,473 4,875 Raising funds 639 - TOTAL EXPENDITURE 101,112 4,875 NET INCOME/ (EXPENDITURE) BEFORE OTHER RECOGNISED GAINS 29,313 (2,363) TRANSFER BETWEEN FUNDS 30,280 (30,225) NET MOVEMENT IN FUNDS 59,593 (32,588) Total funds brought forward 20,687 117,440 Total funds carried forward 80,280 84,852 |
Restricted Funds £ 15,585 - 106 - - 15,691 7,714 407 8,121 7,570 (55) 7,515 28,749 36,264 |
2022 Total £ 130,383 12,928 640 2,927 1,750 148,628 113,062 1,046 114,108 34,520 - 34,520 166,876 201,396 |
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 |
THE PCC OF THE ECCLESIASTICAL PARISH OF ST MARY OF CHARITY, FAVERSHAM, KENT
Page 7
BALANCE SHEET AS AT 31 DECEMBER 2022
| Notes | 2022 | 2021 | ||||
|---|---|---|---|---|---|---|
| £ | £ | |||||
| FIXED ASSETS | ||||||
| Tangible | 11 | 2,787 | 2,961 | |||
| CURRENT ASSETS | ||||||
| Investments | 30,136 | 29,745 | ||||
| Debtors and Prepayments | 13 | 8,968 | 30,494 | |||
| Short term deposits | 51,696 | 50,592 | ||||
| Cash at bank and in hand | 112,266 | 203,066 | 84,196 | 195,027 | ||
| LIABILITIES | ||||||
| Creditors- amounts falling | ||||||
| due within one year | 14 | 4,457 | 31,112 | |||
| NET CURRENT ASSETS | 198,609 | 163,915 | ||||
| TOTAL ASSETS LESS CURRENT LIABILITIES | 201,396 | 166,876 | ||||
| Creditors - amounts falling | ||||||
| due after more than one year | - | - | - | |||
| TOTAL NET ASSETS | 201,396 | 166,876 | ||||
| PARISH FUNDS | ||||||
| Unrestricted funds | 16 | 80,280 | 20,687 | |||
| Designated funds | 16 | 84,852 | 117,440 | |||
| Restricted funds | 16 | 36,264 | 28,749 | |||
| TOTAL FUNDS OF THE CHURCH | 201,396 | 166,876 |
The notes at pages 8 to 13 form part of these accounts
Approved by the Parochial Church Council on 28th March 2023 and signed on its behalf by:-
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……………………………….
Rev Simon D Rowlands
Rev Simon DR ands
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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 2022
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 2022
| 2 Voluntary Income Unrestricted Designated Funds Funds £ £ 39,023 - 8,188 - 5,077 610 195 - 12,556 - 36,504 - Worship ( VAT) and Vinson Trust 9,995 397 2,038 - - 215 113,576 1,222 3 Unrestricted Designated Funds Funds £ £ 695 984 4,369 - Church Hire and Heating Costs 6,303 - Church Coffee and afternoon teas 301 - Photocopying 276 - Holiday Club - - ~~11,944~~ ~~984~~ 4 Unrestricted Designated Funds Funds £ £ 145 - Interest on Investment Accounts - 285 Interest on Short Term Deposits 83 21 Total Income from Investments 228 ~~306~~ 5 Income from Church Activities Unrestricted Designated Funds Funds £ £ Statutory Fees 2,927 - Total Income from Church Activities 2,927 - 6 Unrestricted Designated Funds Funds £ £ Alms House Chaplaincy 1,500 - Sale of Equipment 250 - 1,750 - Non Statutory fees Total Voluntary Income Activities for Generating funds Other Incoming Resources Regular Giving Collections Candle stand and Pillar Boxes Gift Aid recoverable Little Fishes Legacies Grants,Diocese, Listed Places of Donations received Home Communion Social & Fundraising Income from Activities for Generating Income from Investments Bank Interest |
Restricted Funds £ - - 10,635 - 1,500 - 3,450 - - 15,585 Restricted Funds £ - - - - - - Restricted Funds £ - 106 - 106 Restricted Funds £ - - Restricted Funds £ - - - |
2022 Total £ 39,023 8,188 16,322 195 14,056 36,504 13,842 2,038 215 130,383 2022 Total £ 1,679 4,369 6,303 301 276 - 12,928 2022 Total £ 145 391 104 640 2022 Total £ 2,927 2,927 2022 Total £ 1,500 250 1,750 |
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 £ 3047 |
|||
| 3,047 | |||
| 2021 Total £ 1,500 - |
|||
| 1,500 |
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 2022
7 Church Activities
| Unrestricted Designated Funds Funds £ £ Diocesan Parish Share(£ 58,028 less discount of £6 for paying monthly) 58,022 - Deanery Mission Costs 90 - Home Mission 37 - Incumbent Working Expenses 463 - Community and Mission Prest 265 - Upkeep of Services 826 - Administration and Office 1,299 Parish Administrator 4,618 - Office Telephone and Broadband 1,351 - Church Running - Electricity 2,557 - Church Running - Gas 5,299 - Church Running- Water 549 - Church Running- Insurance 9,233 - Church Maintenance & Improvement 5,155 - Depreciation 101 - Bell & Clock Maintenance and Repair - 3,920 Organ and Piano Tuning 1,080 - Equipment and Software 67 404 19 - 910 394 6,232 - - 157 - - Subscriptions and donations 226 - Hospitality 50 - Vicarage Expenses 23 - Photocopying 2,001 - 100,473 4,875 Website costs Music and Choir Director of Music Little Fishes Youth and Children |
Restricted Funds £ - - - - - - - - - - 575 - - 6,116 73 - 800 - - 150 - - - - - - - 7,714 |
2022 Total £ 58,022 90 37 463 265 826 1,299 4,618 1,351 2,557 5,874 549 9,233 11,271 174 3,920 1,880 471 19 1,454 6,232 157 - 226 50 23 2,001 113,062 |
2021 Total £ 64,592 90 100 235 739 288 970 3,528 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 |
In addition to these Donations above St Mary of Charity has been responsible for raising funds Royal British Legion £288, Children Society £6 Faversham Food Bank £10and Porchlight £559 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 use the services of 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 (2021 - 1,714) and the market value at 31 December 2022 was £ 35,413 (2021 £40,323). The bank balance was £4,588 (2021 £3,535) 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 2022
10 Related party (continued)
Three members of the PCC are Trustees of the newly formed Charity GEM 72 (but do not control it)a charity formed as a Charitable Incorporated Organisation (charity No 1200064) up until incorporation the PCC managed the funds of GEM 72 the PCC have no financial gain from the new Charity but gain from it's mission work.
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 2022 Additions at cost At 31st December 2022 Depreciation At 1st January 2022 Charge for the year At 31st December 2022 Net Book Value At 31st December 2021 At 31st December 2022 12 Investments 13 Debtors and Prepayments Benefice expenses Recoverable from Parishes Outside Lectern Photocopying Donations receivable relating to 2021 Funeral fees Gift Aid recoverable Castle water credit Legacy Grant for VAT from Listed places of Worship scheme Late receipts Hire of Church Total Debtors and Prepayments Investments are represented by CBF Deposit Funds. |
Church Equipment £ 3,792 - 3,792 831 174 1,005 2,961 2,787 2022 £ 1,984 928 28 - - 4,751 252 - 821 - 204 8,968 |
Total £ 3,792 - |
|---|---|---|
| 3,792 | ||
| 831 174 |
||
| 1005 | ||
| 2,961 | ||
| 2,787 | ||
| 2021 £ |
||
| 2,095 | ||
| 928 | ||
| 36 | ||
| 300 | ||
| 1,126 | ||
| 2,730 | ||
| - | ||
| 18,000 | ||
| 5,165 | ||
| 114 | ||
| - | ||
| 30,494 |
THE PCC OF THE ECCLESIASTICAL PARISH OF ST MARY OF CHARITY, FAVERSHAM, KENT
Page12
NOTES TO THE ACCOUNTS (Continued) FOR THE YEAR ENDED 31 DECEMBER 2022
14 Creditors- Amounts falling due in less than one year
| TO THE ACCOUNTS (Continued) E YEAR ENDED 31 DECEMBER 2022 |
||
|---|---|---|
| itors- 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 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 |
2022 £ 205 - 279 910 212 471 - - 216 200 1,567 - - 150 64 - 183 4,457 |
2021 £ 146 330 347 3,066 941 18,834 4,672 416 216 400 553 617 64 150 169 91 100 |
| 31,112 |
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 Faversham Food Bank 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 1,466 - Organ Fund 12,164 1696 Healing 75 - Flowers 537 - Flower festival 922 - Alter Linen 493 - Vicar's Designated Fund 1,918 400 Home Communion Set 215 - Lecture Takings 987 - Kitchen and Toilet 4,525 10,145 Restoration Fund- repairs 1,563 - North Transept/Wall/Buttresses 1,856 - Heating - 3,450 ~~28,749~~ ~~15,691~~ Bell Ringing Fund 34,577 1,492 Choir Fund 2,314 520 Children and Youth Ministry 220 - Development Fund 28,652 285 Kitchen and Toilets 50,000 - Little Fishes 591 215 Holiday club 1,086 117,440 2,512 General 20,687 130,425 166,876 148,628 1st Jan 2022 Total Funds Unrestricted Funds Designated |
Expenses - 73 950 - - - - 407 - - 4,608 1,508 - 575 ~~8,121~~ 3,920 798 - - - 157 - 4,875 101,112 114,108 |
2022 £ 6 10 (2) 288 - 559 336 1,197 Transfers - - - - - - - - - - - (55) - (55) (30,225) - - - - - - (30,225) 30,280 - |
2021 £ 106 - 19,009 207 372 750 988 |
|---|---|---|---|
| 21,432 | |||
| Balance 31st Dec 2022 2,028 1,393 12,910 75 537 922 493 1,911 215 987 10,062 - 1,856 2,875 |
|||
| ~~36,264~~ | |||
| 1,924 2,036 220 28,937 50,000 649 1,086 |
|||
| 84,852 | |||
| 80,280 | |||
| 201,396 |
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 2022
17 Summary of Assets by Fund
| Unrestricted Fund £ Tangible Fixed Assets 1,606 Current Assets 82,660 Current Liabilities (3,986) 80,280 18 Unrestricted Designated Funds Funds £ £ INCOME Voluntary Income 83,235 7,823 Activities for Generating funds 1,059 376 Income from Investments 5 28 Church Activities 3,047 - Other incoming resources 1,500 - TOTAL INCOME 88,846 8,227 EXPENDITURE Church Activities 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 Comparative statement of Finncial Activities(2021) |
Designated Fund £ - 85,323 (471) 84,852 Restricted Funds £ 300 470 4 - - 774 124 - 124 650 (15,000) (14,350) 43,099 28,749 |
Restricted Fund £ 1,181 35,083 - 36,264 2022 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 |
Total £ 2,787 |
|---|---|---|---|
| 203,066 | |||
| (4,457) | |||
| 201,396 | |||
| 2021 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 |