**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 **----- Start of picture text -----**
……………………………………………..
Rev S D Rowlands Simon D RéMands
**----- End of picture text -----**
**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:- **----- Start of picture text -----**
……………………………….
Rev Simon D Rowlands
Rev Simon DR ands
**----- End of picture text -----**
**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|