St George’s Church Beckenham
Part of the Benefice of St George and St Barnabas Beckenham
ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] DECEMBER 2021
Charity No 1129429
ST GEORGE’S CHURCH, BECKENHAM (Part of the Benefice of St George and St Barnabas Beckenham) ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31[st] DECEMBER 2021
Administrative Information
St George’s Church Beckenham is situated in the High Street Beckenham Kent BR3 1AX. It is part of the Diocese of Rochester within the Church of England. The correspondence address is the Parish Office, St George’s Parish Church, High Street, Beckenham, Kent BR3 1AX.
The Parochial Church Council (PCC) is a registered charity number 1129429 and was registered with the Charity Commission on 6[th] May 2009. The full name of the charity registered with the Charity Commission is the Parochial Church Council of the Ecclesiastical Parish of St George's Beckenham
St Barnabas Church Beckenham is situated on Perth Road, Beckenham, BR3 6PP and is a registered charity number 1169952. The full name of the charity registered with the Charity Commission is St Barnabas (Beckenham) Parochial Church Council.
The two charities merged with effect from 1[st] January 2022 into a new charity called The Parochial Church Council of the Ecclesiastical Parish of St Barnabas and St George Beckenham (charity number 1197407).
This information contained in this report and the appended financial statements relate solely to the affairs of St George’s Church and charity number 1129429 and there is a separate report available showing the affairs of St Barnabas (Beckenham)
PCC members who have served from 1[st] January 2021 until the date of this report are as follows:
Incumbent: The Revd. Jeremy Blunden Associate Rector: The Revd. Tim Hide Assistant Curate: The Revd. Edward Pritchett (resigned September 2021) The Revd. Beverley Ejimofo (appointed April 2021) Assistant Priest: The Revd. Dr Maggie Wilkinson Wardens: Dr Nigel Sykes Mrs Sarah Phillips Mr Bob Norfolk Thompson Representatives on Mr Adrian Lambourne (Appointed APCM 2020) The Deanery Synod: Miss June Mackenzie (Reappointed APCM 2020) (Reader PTO) Elected Members: Mr Jeremy Byers Treasurer (until APCM 2023) Mrs Joan Conway Reader PTO (until APCM 2024) Mrs Kirsten Cook (until APCM 2024) Mr Richard Fielder (until APCM 2023) Mrs Elizabeth Hardy (until APCM 2022) Mr James Hardy (until APCM 2022) Mrs Heather Lloyd (until APCM 2022) Mr. Ken Maliphant (until APCM 2023) Mr. Nick Startup (until APCM 2024) Mrs Angela Susolovic (APCM 2024) Mr David Yiu (until APCM 2022)
Secretary: Mrs Mary Davies
Mrs Mary Davies was elected as minute secretary to the PCC.
Structure, Governance and Management
The governing document is the Parochial Church Council Powers Measure (1956) as amended and Church Representation Rules.
The method of appointment of Parochial Church Council (PCC) members is set out in the Church Representation Rules. All Church attendees are encouraged to register on the Electoral Roll and stand for election to the PCC.
The parish is managed by the PCC, which meets regularly to discuss and transact business of the Parish.
Following the unification of the parishes of St George’s Beckenham and St Barnabas (Beckenham) one PCC has been appointed to manage the affairs of both charities. The financial affairs of the two organisations have been kept separate as the two organisations have established financial management and reporting systems in place and as such separate reports for the two charities have been prepared.
The PCC operates through a number of committees which have responsibility for the various activities of the Parish, and which report back to the PCC with recommendations for approval by the PCC.
The key committees which report to the PCC are as follows:
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Standing Committee: this is the only committee required by law. It has the power to transact the business of the PCC between meetings, subject to any directions given by the Council. It oversees the general financial and administrative issues which face the parish by monitoring the income and expenditure of the parish, and by budgeting.
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Risk Management Committee: this was formed part way through 2017 and it is designed to manage the risks relating to people using the church premises.
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Finance Committee: This was created on 23 October 2019 its brief is to oversee the Financial Management of the Benefice of St George and St Barnabas and to report to the Standing Committee and/or PCC on matters affecting the financial health of the Benefice.
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“Arts at St George’s” Committee: This oversees the organisation and administration of the events under the banner of “Arts at St George’s” which includes St George’s Festival for Beckenham (formerly the Arts Festival).
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Hall Review Committee: This was created in September 2019 oversees all matters relating the Church Halls in the Benefice.
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The Fabric Committee: This committee monitors, plans and deals with building maintenance across the benefice.
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Building Committee – created in 2021 to work on proposals to develop the church building particularly improve toilet facilities, storage and additional meeting room space.
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Contested Heritage Committee – to address the issues of contested heritage within our church and wider issues of under-representation and using the Church of England guidance seek ways to redress imbalances
Objectives and Activities
St George and St Barnabas Parochial Church Council (PCC) has the responsibility of cooperating with the Rector, Rev Canon Jeremy Blunden, in promoting in the ecclesiastical parish, the whole mission of the Church, pastoral, evangelistic, social, and ecumenical. It also has maintenance responsibilities for the Parish Churches and related Church Halls.
The incumbent and the PCC have considered the Commission’s guidance on public benefit and in particular the specific guidance on charities for the advancement of religion and they try to enable ordinary people to live out their faith as part of our parish community.
The responsibilities were extended to the parish of St Barnabas from Sunday 11[th] March 2018 when the two parishes became a benefice.
Electoral Roll
The new Electoral Roll for the Benefice was published on Sunday 31 March 2019 and further revised in April 2022. The Third Revision of the Electoral Roll was completed on Tuesday 19[th] April 2022 and stands at 238 of which 103 are resident in the benefice.
Rector’s Report
This Report summarises our work in prayer, worship, mission, outreach and evangelism for the year ending December 2021. During the year the Church continued to operate in the midst of the ongoing, global pandemic, which present significant challenges to all aspects of church life and operation. St George’s Church was open for public worship during Advent and Christmas 2020 but required to close from 10 January 2021 through 28 March 2021 (Palm Sunday). During lockdown we continued with our worship online and in the times when we were able to hold face to face services, we again worked tirelessly to ensure that the church was safe and accessible whilst remaining a place of welcome and inclusion for all people. The church was open for Holy Week and a joyful and uplifting Easter Day. Over the following weeks as people returned to church, we gradually moved from online to face to face worship. We maintained contact with members of the church via regular online, postal and phone contact, throughout the year and this continued when the church doors were opened. Junior Church, led by June Mackenzie, has been running throughout the year offering online activity, homelearning and face to face meetings when possible. The work has been creative and flexible, and I am very grateful to June and all involved.
As the church opened, we were able to marry a number of couples who had postponed their weddings due to lockdownrestrictions on numbers of guests. It was a great pleasure to welcome back our local schools for their Harvest, Remembrance and Christmas services, and we were able to host the Act of Remembrance at the war memorial in Beckenham. During Advent we welcomed the Dean of Southwark, Andrew Nunn, as guest preacher and it was a particular blessing to have the church open for a full programme of Christmas services. During the course of the year, we offered study courses during Lent and Advent both online and face to face.
I am grateful to all who have been involved in the preparation of and taking part in our worship through the year: Clergy and Ministers, servers, readers, intercessors, sides people and the flower-team. There has been much additional work required in preparing the church to maintain the safety of worshippers and I offer my particular thanks to Joan Conway and Mary Davies. My thanks also to James Hardy and the bellringers who begin our worshipping each week in calling our community to prayer.
The choir have experienced a challenging year with the various restrictions placed upon singing through the pandemic as well as being without a Director of Music for most of the year. We were pleased to welcome Charlie Warren as our new Director of Music in October. I am grateful to all those who helped with the organising and running of the choir during the year, in particular, Nick Startup, Jon Mills, Dave Bullen and Ian and Janey Maxwell.
During the summer Rochester Diocese said a fond farewell to Bishop James Langstaff, at the beginning of July, on his retirement as Diocesan Bishop. We said farewell to Fr Edward Pritchett on 15 August as his time as Curate came to an end. He was appointed Rector of St Wilfrid’s Church and the Presentation Church, Haywards Heath and installed by the Bishop of Chichester on 1 October. We were joined by our new Curate, Mthr Beverley Ejimofo, in April and she was priested at Rochester Cathedral on 25 September. Rev Stephen Niechcial preached at Mthr Beverley’s first Mass on 26 September.
The Churchwardens, Nigel Sykes, Sarah Philipps and Bob Norfolk-Thompson, Parish Safeguarding Officer Roger Capon, Treasurers, Jeremy Byers and Adrian Lambourne, members of the PCC, members of Standing Committee and Finance Committee, all staff members and our army of wonderful volunteers, have worked tirelessly throughout the year to enable the safe-running of the church and halls, sometimes through very challenging circumstances. I offer my grateful thanks to all concerned.
Prayer for a New Beginning
Gracious God, as we reflect on the joys and sadness of the year past, we give thanks that you have journeyed with us. We ask your blessing as we walk into your future in faith, in hope and in the love of your Son, Jesus Christ our Lord. Amen.
PCC Secretary’s Report
The PCC met via Zoom, email and in person several times since the May 2021 APCM. Our thanks go to the PCC members for their continued commitment to the Benefice.
Ministry to Children and Young People – We are grateful to June Mackenzie and all of the Leaders and Helpers for their continued ministry to our young people in the past year. June has continued to provide online resources to families as well as having Junior Church meetings in church.
Pastoral Ministry - The work of the Pastoral Team is largely unseen, but it supports many church members and responds to various requests from the community or visitors to the church. The Team is led and co-ordinated by June Mackenzie and Revd Dr Maggie Wilkinson. During the last year (Covid 19 restrictions) members of the Team telephoned more vulnerable church members, who were isolating, for conversation and prayer. Members of the Team also supported those who asked for help by shopping and running errands. The church has seen an increased need from those in the community who needed a quiet place to pray or reflect. Staff members have assisted those in need. Contact has been made with our Nursing Homes in the benefice and Schools have returned to the church for services and events.
Communication – St George’s Church has continued to use social media in the last year through our church website, Twitter, Facebook and Instagram. We are very grateful to Lizzie Hardy and David Yiu who have provided so much support.
Choir and Music Provision – On Easter Sunday 2021 members of the choir sang in church for the first time since December 2020. Led by Nick Startup with Jon Mills as organist, 6 Members of the choir sang at the 9.30am service until 25 July when congregational singing returned to St Georges. In October 2021 we appointed Charlie Warren as Organist and Director of Music.
Learning and Growing in Faith – The Lent and Advent study groups met in church and also via Zoom in 2021. Joan Conway provided a number of online reflections during the year, and these were also sent to home worship members of the congregation who do not have access to social media.
Work of the PCC - During the course of the 2021 much of the business of the PCC has focussed on ongoing matters relating to the benefice: reopening the church for our congregation, the return of Schools and Charities to using the church, the continued impact of COVID 19 on the church and church finance. We are grateful to our Churchwardens Sarah Phillips, Nigel Sykes and Bob Norfolk Thompson, to Jeremy Byers, the Treasurer, Adrian Lambourne, Treasurer for St Barnabas, Angela Susilovic and Roger Capon, Safeguarding Officers, Nick Startup, the Planned Giving secretary, Ken Maliphant and Richard Fielder for their Financial and Insurance Reviews, James Hardy for the ongoing work on the Fabric to Lizzie Hardy and David Yiu for their social media support and content, the Pastoral Team, the Refreshments Team and the Flower Team and to members of the PCC for their commitment and dedication in serving the benefice.
Work of our committees - Special thanks are due for the detailed work of the Finance Committee in reviewing the church finances and finding ways to make our resources work for us in the current climate. We are also grateful to Chris Porter in dealing with the long-running St Bride’s project, and to Jeremy Byers, Paul Turner and Adrian Lambourne for their work with the church finances.
We continue working together with our sisters and brothers from St Barnabas Church in serving God and community in the Benefice of St George and St Barnabas.
Financial Review
The financial statements show that the charity had total incoming resources for the last financial year of £204,956 (2020: £219,524) and total resources expended of £197,809 (2020: £269,343) leaving a net surplus of income over expenditure of £7,174 (2020: Deficit 50,089).
The results for this current financial are surprisingly good given the budgets prepared during the pandemic had suggested we would be facing a sizeable deficit similar to that recorded in 2020. The fact that this result has been testament to the hard work of all those engaged in the work of the church in the last year.
The results for the year do however hide some underlying issues. Planned giving levels have dropped in the year which may be a reaction to Covid lockdowns but also reflects an identified an ongoing issue of with an ageing demographic within the church’s planned giving scheme.
The parish benefited from the financial support of Church Fields Charity in the sum of £31,021 in the year which funded a considerable element of the church’s maintenance costs and as a listed building we were also able to recover some Value Added Tax for work undertaken on the structure totalling £3,694.
The parish received government support from the Job Retention Scheme (“Furlough” scheme) during the early part of the year in the sum of £3,050. We hope that the need for such a scheme will not recur.
It is also pleasing to see that donations received at recitals increased in the year to £7,613 (2020: £4,500) and that Hall and Church letting income increased to £25,993 (2020: 20,574) although these are not back at pre-pandemic levels which were in the region of £53,000.
The Arts at St George’s income is higher than expected with the receipt of funds from the St George’s Players of £7,812 – these funds were previously held outside the church accounts.
Turning to expenditure, the overall level of expenditure was lower than had been budgeted and reflects the lower level of church activity at the start of the year, imposed by lockdowns. Areas in which costs reduced include those surrounding clergy costs with our curate Revd. Pritchett moving to his first parish in September 2021. Music costs were considerably lower than expected as the position of Director of Music was vacant for over 6 months and other general running costs being reduced with the church opening being restricted for part of the year.
Clearly, in 2022 these costs may well increase, the position of director of music has been filled, so music costs will increase and of course, we face increased utility costs which is a national and international issue. The utility cost increases may be deferred as we are in fixed term contracts, but initial renegotiation of hall electricity contracts shows unit costs have more than doubled.
Overall, the result is a pleasing one, but with ongoing inflationary pressures in the economy it is not difficult to see that the need for the work of the church will increase, whilst the opportunities to increase income may well be limited.
Post Balance Sheet Events
Pastoral Scheme
The ongoing issues arising from the Pastoral Scheme which united St George’s and St Barnabas in a joint benefice are being worked through.
Following the legal advice received in 2021 about the Diocesan Scheme which merged the parishes of St George's Beckenham and St Barnabas Beckenham in February 2018 the trustees have taken steps to merge the two existing charities into a new joint charity.
The trustees have formed and registered a new charity under the name “The Parochial Church Council of the Ecclesiastical Parish of St George and St Barnabas Beckenham” Charity Number 1197407 in December 2021 and it is expected that this new charity will take on the management of the two previous charities and their net assets (St George’s Beckenham Charity No 1129429 and St Barnabas Church Beckenham Charity No 1169952) from 1[st] January 2022.
The merger is ongoing but has slowed with difficulties in establishing new banking arrangements for the new charity. Once this has been achieved transfer of assets and liabilities of the two separate charities should move into the new charity.
Investment Review
The charity has two major groups of investment assets.
St George’s church hall represents £964,749 of the total investment portfolio of £1,458,276. The church hall provides a range of meeting room facilities, for a variety of parish and community organisations. It is the policy of the PCC to maintain this facility in good order to ensure that it continues to provide high quality facilities and generates income to finance the maintenance of the property. Given the impact of Covid 19 it is likely to generate less income than had previously been the norm, but a review of rental rates is being undertaken to ensure that this asset continues to generate income commensurate with the quality of the facility.
The remaining asset portfolio is invested with the Diocese and the Central Board of Finance in a range of investments designed to generate income and capital growth. The rebalancing of the portfolio previously identified as being necessary, was completed in 2021. Moving from investments that accumulate income to those which generate dividends should assist the parish with its cashflow and allow it to meet, in part, the increasing costs of the charity.
Reserves Policy
It is the policy of the PCC to maintain sufficient unrestricted funds supported by current assets to equate to three to six months unrestricted expenditure.
Unrestricted reserves were £1,830,167 at 31st December 2021. Of these reserves £334,075 has been designated for specific purposes and £964,749 represents the value of the church hall, leaving a balance of other reserves of £531,343.
These levels of reserves are sufficient to meet this requirement and sufficient to support the work of the church in the next two years.
Approved by the Parochial Church Council and signed on its behalf by
........................................................... Rev J Blunden
Date: 1 May 2022
PAROCHIAL CHURCH COUNCIL OF ST. GEORGE'S, BECKENHAM
STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31st December 2021
| STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31st December 2021 |
||
|---|---|---|
| Note Income and Endowments Voluntary income 2(a) Activities for generating funds 2(b) Income from investments 2(c) Income from church activities 2(d) Other Income 2(e) TOTAL INCOME Expenditure Church activities 3(a) Fund-raising costs 3(b) Governance costs 3(c) TOTAL EXPENDITURE NET INCOME/(EXPENDITURE) GAINS AND LOSSES ON INVESTMENTS - on disposal - on revaluation - listed investments 13 - on revaluation - church hall 13 Transfers between reserves NET MOVEMENT IN FUNDS BALANCES BROUGHT FORWARD AS AT 1st January 2021 BALANCES CARRIED FORWARD AS AT 31st December 2021 |
Restricted Funds Endowment Funds Unrestricted Funds |
Total Funds 2021 2020 £ £ 144,030 160,124 7,625 4,775 5,276 2,855 41,281 42,148 6,744 9,352 |
| Church Hall £ £ £ £ 112,909 - 31,121 - 7,625 - - - 5,180 - - 96 17,028 24,253 - - 3,050 - 3,694 - |
||
| 145,792 24,253 34,815 96 |
204,956 219,254 |
|
| 143,861 16,257 33,941 - - - - - 2,876 - 874 - |
194,059 267,176 - - 3,750 2,167 |
|
| 146,737 16,257 34,815 - |
197,809 269,343 |
|
| (945) 7,996 - 96 7,995 - - - 30,489 13,750 - - - 42,038 - - - - - - |
||
| 7,147 (50,089) |
||
| 7,995 - 44,239 18,646 42,038 10,032 - - |
||
| 37,539 63,784 - 96 368,331 1,340,117 3,655 16,645 |
101,419 (21,411) 1,728,748 1,750,159 |
|
| 405,870 1,403,901 3,655 16,741 |
1,830,167 1,728,748 |
PAROCHIAL CHURCH COUNCIL OF ST. GEORGE'S, BECKENHAM
| BALANCE SHEET AS AT 31st December 2021 Note FIXED ASSETS Tangible Fixed Assets 5 Investments 6 Total Fixed Assets CURRENT ASSETS Stocks Debtors 7 Short term deposits Cash at bank and on hand LIABILITIES Creditors - amounts falling due within one year 8 NET CURRENT ASSETS TOTAL NET ASSETS PARISH FUNDS Unrestricted Restricted Funds Endowment Funds |
£ - 51,769 33,654 290,188 2 |
£ 14,018 1,458,276 021 |
£ - 59,449 101,649 215,822 20 |
£ 19,214 1,364,004 20 |
|---|---|---|---|---|
| 1,830,167 | 1,728,748 | |||
| 1,809,771 3,655 16,741 |
1,708,448 3,655 16,645 |
|||
| 1,830,167 | 1,728,748 | |||
| - | - |
Approved by the Parochial Church Council on 1st May 2022
and signed on its behalf by
.............................................................................. Rev J Blunden - PCC Chairman
.............................................................................. J R Byers FCA - Honorary Treasurer
PAROCHIAL CHURCH COUNCIL OF ST. GEORGE’S, BECKENHAM
1
NOTES TO THE FINANCIAL STATEMENTS For the year ended 31st December 2021
ACCOUNTING POLICIES
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 Parochial Church Councils and with those regulations "true and fair" provisions. The financial statements have also been prepared in accordance with "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their account in accordance with the "Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and with the associated requirements of the "Financial Reporting Standard 102" (FRS 102).
This organisation is a public benefit entity as defined by Financial Reporting Standard 102.
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.
Going Concern
The Trustees consider that there are no material uncertainties regarding this charity's ability to continue as a going concern. Lockdown measures arising from the COVID 19 pandemic reduced income streams, but with the reopening of the UK economy, income streams are increasing although donation income streams reported have reduced in the year. Despite this the Trustees believe that the charity has sufficient liquidity in its net assets of £1.85m to ensure that the charity can meet its obligations in the next 12 months and beyond. The Trustees continue to work improve the charities financial position and aim to achieve a financially sustainable position.
Assets
Consecrated and benefice property
Consecrated and benefice property of any kind is excluded from the statutory definition of "charity" by Section 10(2) (a) and (c) of the Charities Act 2011 and such assets are not capitalised in these financial statements.
Moveable Church Furnishings
Movable church furnishings are capitalised at cost and depreciated over their useful economic life other than where insufficient information is available. In this case the item is not capitalised, but all items are listed in the Church’s inventory.
Tangible fixed assets for use by the charity
These are capitalised if they can be used for more than one year. They are valued at cost.
Depreciation
Depreciation is calculated to write off the capitalised cost of fixed assets less their currently anticipated residual fair value over their estimate useful lives as follows:
| Land | Nil |
|---|---|
| Furniture and moveable equipment | 5 to 10 years |
| Fixtures and equipment | 10 years |
Investments
Investments quoted on a recognised stock exchange or whose value derives from them are valued at market value.
Other investment assets, which includes investment property, are included at the Parochial Church Council's best estimate of market value.
Gains or losses arising on revaluation of investments are shown on the Statement of Financial Activities as "Gains and Losses on Investments".
Short term deposits and Cash at Bank and on Hand
Short term deposits represents funds held in accounts which are not immediately accessible but can be drawn upon within less than three months. These include deposits which are held with Central Board of Finance Diocese of Rochester (which includes the Church Repair Fund), CCLA deposit accounts and balances held in National Savings Accounts.
Cash at bank and on hand represents funds held to meet ongoing charity expenditure. These represent current account and deposit accounts held with clearing banks and cash balances.
Funds
Unrestricted funds These represent the remaining income funds of the charity that are available for spending on the general purposes of the charity, including amounts designated by the PCC for spending on future projects.
Restricted Funds
These are income funds that must be spent on restricted purposes and details of the funds held and restrictions provided are shown in the notes to the accounts.
Endowment funds
These are restricted funds that must be retained as trust capital either permanently or subject to a discretionary power to spend capital as income, and where the use of any income or other benefit derived from the capital may be restricted or unrestricted. Details of all their restrictions are shown in the notes to the accounts.
Income and Endowments
Income is recognised in the Statement of Financial Activities when a transaction or other event results in an increase in the charity's assets or a reduction in the charities liabilities. Generally income is only recognised when the charity has entitlement to economic benefit, it is probable that the benefits will flow to the charity and that the monetary value can be measured reliably.
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, and interest is accounted for as it accrues over time. All other income is recognized when it is receivable.
All income and endowments are accounted for gross.
The charity values and relies upon the support of its congregation and parishioners for voluntary support throughout the financial year in assisting with the work of the church. As the value of this support cannot be reliably measured it is not included as income within these accounts.
Expenditure
Expenditure is recognised in the Statement of Financial Activities when a transaction or other event results in an decrease in the charity's assets or a increase in the charities liabilities. Generally expenditure is only recognised when the charity has a present legal or constructive obligation as a result of a past event, it is probable that a transfer of economic benefits will be required in settlement and that the monetary value can be measured reliably.
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 gift is accounted for as and when it is paid.
All other expenditure is generally recognized when it is incurred and is accounted for gross.
Cashflow Statement
A statement of cashflows is not prepared as the Parochial Church Council considers that the charity is "small" as defined by FRS102 and so is not required.
PAROCHIAL CHURCH COUNCIL OF ST. GEORGE’S, BECKENHAM
| 2 2(a) 2(b) 2(c) 2(d) 2(e) |
NOTES TO THE FINANCIAL STATEMENTS For the year ended 31st December 2021 INCOME AND ENDOWMENTS Voluntary income Planned giving Gift Aid donations Tax recoverable Trusts Church Fields Charity Wotherspoon Trust Collections (open plate) Special collections Donations, etc. Legacies Sundry donations Flower donations Lighting donations Vestment donations Friends of the Churchyard Votive candles Activities for generating funds Sponsorship Recitals Fundraising Income from investments Dividends and interest Income from church activities Arts at St George's Church / hall lettings, etc Parish Magazine Fees Other Income Grant from Listed Places of Worship Scheme Grant from Rochester Diocese Board of Finance Job Retention Scheme TOTAL INCOMING RESOURCES |
Restricted Funds Endowment Funds Unrestricted Funds Restricted Funds Church Hall 2021 2020 £ £ £ £ £ £ £ £ 80,118 - - - 80,118 85,661 - 85,661 20,405 - - - 20,405 23,602 - 23,602 - - 31,021 - 31,021 - 29,462 29,462 - - - - - - - - 6,025 - - - 6,025 3,520 - 3,520 - - - - - - 175 175 3,572 - - - 3,572 9,132 - 9,132 1,000 - - - 1,000 2,500 - 2,500 1,789 - - - 1,789 5,659 - 5,659 - - 100 - 100 - 266 266 - - - - - - - - - - - - - - - - - - - - - - 100 100 - - - - - 47 - 47 Unrestricted Funds |
|---|---|---|
| 112,909 - 31,121 - 144,030 130,121 30,003 160,124 |
||
| - - - - - - - - 7,613 - - - 7,613 4,500 - 4,500 12 - - - 12 275 - 275 |
||
| 7,625 - - - 7,625 4,775 - 4,775 |
||
| 5,180 - - 96 5,276 2,736 119 2,855 |
||
| 5,180 - - 96 5,276 2,736 119 2,855 |
||
| 9,336 - - - 9,336 15,080 - 15,080 1,740 24,253 - - 25,993 20,574 - 20,574 - - - - - 340 - 340 5,952 - - - 5,952 6,154 - 6,154 |
||
| 17,028 24,253 - - 41,281 42,148 - 42,148 |
||
| - - 3,694 - 3,694 - 2,200 2,200 - - - - - - 500 500 3,050 - - - 3,050 6,652 - 6,652 |
||
| 3,050 - 3,694 - 6,744 6,652 2,700 9,352 |
||
| 145,792 24,253 34,815 96 204,956 186,432 32,822 219,254 |
PAROCHIAL CHURCH COUNCIL OF ST. GEORGE'S, BECKENHAM
NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31st December 2021
| 3 3(a) 3(b) 3(c) 4 (a) |
RESOURCES EXPENDED Church activities Missionary and charitable giving: Overseas Missions Home missions Special collections Ministry Diocesan parish gift Clergy Honorarium Clergy expenses Clergy house expenses Sacristy Junior church Fees payable to Rochester Diocese Board of Finance Music Director of Music Assistant organists Choir music Other music costs Organ repairs & tuning Church Repairs and maintenance Running costs Insurance Flowers Hall Repairs and maintenance Running costs Insurance Hall Bookings Officer Hall Manager Other Church expenses Sundries Church management and administration Administration Secretary Parish Accountant Printing, postage & stationery Photocopier Church extension project costs Websites & software licences Parish magazine Bank charges Depreciation - Church Furniture and Equipment Depreciation - Hall Furniture and Equipment Depreciation - Fixtures and Equipment Arts Festival Arts at St. George's Fund-raising costs Fundraising expenses Governance costs Independent Examination - 2020 Independent Examination - 2021 provision Legal expenses TOTAL RESOURCES EXPENDED STAFF COSTS Wages & salaries Social security costs Pension costs Average Number of Employees |
Restricted Funds Endowment Funds Church Hall 2021 £ £ £ £ £ - - - - - - - - - - - - - - - 75,600 - - - 75,600 - - - - - 1,628 - - - 1,628 4,254 - 214 - 4,468 342 - - - 342 146 - - - 146 800 - - - 800 6,902 - - - 6,902 1,105 - - - 1,105 174 - - - 174 964 - 130 - 1,094 688 - 2,592 - 3,280 3,241 - 4,026 - 7,267 8,407 - 4,360 - 12,767 - - 9,509 - 9,509 1,070 - 100 - 1,170 - - 4,069 - 4,069 - 8,453 8,010 - 16,463 - 1,517 31 - 1,548 - 2,206 - - 2,206 - 3,997 - - 3,997 - - - - - 18,806 - - - 18,806 5,130 - - - 5,130 2,727 - - - 2,727 2,388 - - - 2,388 - - 900 - 900 1,690 - - - 1,690 - - - - - 926 - - - 926 2,380 - - - 2,380 - 84 - - 84 3,593 - - - 3,593 900 - - - 900 Unrestricted Funds |
Unrestricted Funds |
Restricted Funds 2020 £ £ - - - - 175 175 - 87,867 - - - 2,125 118 5,332 - 705 - 202 - 3,386 - 17,638 - 4,135 - 796 120 748 3,433 3,445 16,382 16,382 5,470 14,334 10,108 10,114 266 886 18,930 25,274 - 13,182 - 555 - 2,100 - 3,933 - - - 18,929 - 4,172 - 3,046 - 1,730 1,440 1,440 - 791 - 200 - 961 - 2,380 - 195 - 3,504 - 16,514 |
|---|---|---|---|---|
| £ - - - 87,867 - 2,125 5,214 705 202 3,386 17,638 4,135 796 628 12 - 8,864 6 620 6,344 13,182 555 2,100 3,933 - 18,929 4,172 3,046 1,730 - 791 200 961 2,380 195 3,504 16,514 |
||||
| 143,861 16,257 33,941 - 194,059 - - - - - 442 - - - 442 500 - - - 500 1,934 - 874 - 2,808 |
210,734 - - - 2,167 |
56,442 267,176 - - - - - - - 2,167 |
||
| 2,876 - 874 - 3,750 |
2,167 | - 2,167 |
||
| 146,737 16,257 34,815 - 197,809 |
212,901 | 56,442 269,343 |
||
| 2021 2020 £ £ 31,124 41,474 - - 788 1,126 |
||||
| 31,912 42,600 |
||||
| 3 3 |
No employee received employment benefits exceeding £60,000 per annum.
There were no employee benefits to key management personnel in current or previous year.
In addition to the above employees the PCC used the services of assistant organists and a parish accountant during the year.
PAROCHIAL CHURCH COUNCIL OF ST. GEORGE'S, BECKENHAM
4 (b) RELATED PARTIES
NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31st December 2021
Mr J J Hardy, a member of the PCC, provided services through his company R E Hardy Limited to the church for maintenance and related works which totalled £8,719 (2020: £19,768) in the year. R E Hardy Limited also provided services to St Barnabas Beckenham (a charity related to St George's Beckenham) of £ 1,946 (2020: Nil).
A small immaterial proportion of the expenses paid to the incumbent may have related to his services as Chairman of the PCC.
No other payments or expenses were paid to any other PCC member, persons closely connected to them or other related parties in fulfilling their duties as trustees.
Donations received from related parties (PCC members) totalled £ 11,051 (2020: 14,467).
5 TANGIBLE FIXED ASSETS
| Cost At 1st January 2021 Additions at cost Disposals At 31st December 2021 Depreciation At 1st January 2021 Depreciation for the year Disposals At 31st December 2021 Net Book Value at 31st December 2021 Net Book Value at 31st December 2020 |
Hall Furniture and Moveable Equipment Church Furniture and Moveable Equipment Church - Fixtures & Equipment Total £ £ £ £ 1,959 25,698 30,814 58,471 419 - 442 861 - - - - |
|---|---|
| 2,378 25,698 31,256 59,332 |
|
| 1,959 20,923 16,375 39,257 84 2,380 3,593 6,057 - - - - |
|
| 2,043 23,303 19,968 45,314 |
|
| 335 2,395 11,288 14,018 |
|
| - 4,775 14,439 19,214 |
Moveable equipment consists of furniture, staging, lighting equipment and associated office equipment. Fixtures and equipment represents church sound system installed along with CCTV and door lock systems.
6
INVESTMENTS
| Valuation At 1st January 2021 Additions at cost Disposals at carrying value Net gain/(loss) on revaluation At 31st December 2021 Listed Investments The listed investments represent funds held in publicly quoted united trusts. The cost of these holdings totalled £239,204. The market value at 31st December 2021 represents investments for: Unrestricted funds - Church Unrestricted funds - Hall |
Listed Investments Investment Property £ £ 441,293 922,711 189,204 - (189,204) - 52,234 42,038 |
Total £ 1,364,004 189,204 (189,204) 94,272 |
|---|---|---|
| 493,527 964,749 |
1,458,276 | |
| 328,457 165,070 |
||
| 493,527 |
Investment Property
The investment property represents the freehold land and buildings which comprise the Church Hall located at 25-27 Albemarle Road Beckenham.
The market value is based on the replacement value for insurance purposes at 2nd December 2021, and is considered to be the best estimated of fair value of this asset at 31st December 2021.
The Rectory, at 14 The Knoll, Beckenham, and the church building are not included within these accounts.
7
| DEBTORS Income Tax recoverable Debtors Funds due from Churchfields Charity Funds due from Wotherspoon Trust Legacies receivable Prepayments and accrued interest |
2021 2020 £ £ 5,957 6,267 2,280 11,109 17,894 19,171 17,904 17,904 - - 7,734 4,998 |
|---|---|
| 51,769 59,449 |
PAROCHIAL CHURCH COUNCIL OF ST. GEORGE'S, BECKENHAM
NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31st December 2021
| 8 9 a) b) c) d) e) f) g) h) i) a) b) c) d) |
CREDITORS : AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Other creditors Social security and other taxes Accruals and deferred income FUNDS The Church Fields Charity Donations Fund Vestment Fund Junior Choir Fund Audrey Carr Endowment Fund Friends of the Churchyard Flower Fund Special Collections Grants from Listed Places of Worship Fund Grant from Rochester Diocese Board of Finance The Church Fields Charity Donations Fund Vestment Fund Junior Choir Fund Audrey Carr Endowment Fund The parish benefits from grants from The Church Fields Charity (Charity Number 217211) which exists to provide financial support to this parish. Grant applications are m periodically for items of expenditure in the maintenance of the fabric of the church buildings. The Vestment Fund was set up to facilitate the replacement of some of the church vestments used in services. Funds received in the ended 31st December 2017 totalled 31st December 2018 replacement vestments costing £1,174 were purchased leaving a balance of £536 in the fund. A donation was received in the year ended 31st December 2019 for the benefit of the "Junior Choir". With the COVID 19 closedown in the current financial year the funds use by the Junior Choir. This will be undertaken once normal church activities recommence. The restricted funds comprise: |
2021 2020 £ £ 8,422 11,412 6,426 9,779 1,115 2,322 1,775 7,877 |
|---|---|---|
| 17,738 31,390 |
||
| ade to the charity trustees £1,710. During the year ended have not yet been allocated for |
The Audrey Olga Carr bequest represents an endowment of £5,000 given as a will bequest of Miss Audrey Olga Carr in 1983. This is considered to be a permanent endowment and the capital of £5,000 is disclosed as an endowment. The bequest requires the income to be spent on "educational purposes". The balance of accrued income not distributed is disclosed separately as a restricted fund. e) Friends of the Churchyard During the year the ended 31st December 2020 the parish received a donation of £100 for the use of the Friends of the Churchyard. This sum is held pending a request for appropriate expenditure by the Friends in their work in the churchyard. f) Flower Fund During the year the parish received donations of £100 for Flowers to be used in Church. These donations were expended during the year as part of the cost of decorating the church with flowers. g) Special Collections Collections for specific charities as part of collections in services are recorded as "Income from Special Collections". These "Special Collections are paid over the relevant Charites and these payments are shown within Resources Expended - Special Collections. There were no special collections in the year ended 31st December 2021.
h) Grants from Listed Places of Worship Fund
The grants received from the Listed Places of Worship Fund represents the Value Added Tax element of repairs and maintenance costs incurred in maintaining the fabric of St George's Beckenham which is a Listed Building. The relevant expenditure is shown within "Restricted Fund" element of Resources Expended in note 3 .
i) Grant from Rochester Diocese Board of Finance
A grant was received towards the costs of insurance of the church in the year ended 31st December 2020. The expenditure was shown within "Restricted Fund" element of Resources Expended.
NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31st December 2021
10
PAROCHIAL CHURCH COUNCIL OF ST. GEORGE'S, BECKENHAM
| SUMMARY OF FUND MOVEMENTS Unrestricted General Fund Restricted Church Fields Charity Vestment Fund Junior Church Friends of Churchyard Flower Fund Special Collections Grant from Listed Places of Worship Fund Grant from Rochester Diocese Board of Finance - Insurance Endowment Audrey Carr Fund SUMMARY OF ASSETS BY FUND Tangible Fixed Assets Investments Debtors Short term deposits Cash at bank and on hand Creditors - amounts falling due within one year In addition the Parochial Church Council have designated parts of the unrestricted funds as follow Designated for the purposes of Arts at St George's Funds arising from the restrictive covenant on property previously owned by the parish Accrued interest on the above sum Grant from the Rochester Diocesan Board of Finance (see Note 11) |
Balance bfw Incoming resources 1,708,448 170,045 2,519 31,021 536 - 500 - 100 - - 100 - - - 3,694 - - 16,645 96 |
Resources expended Revaluation Movements (162,994) 94,272 (31,021) - - - - (100) - - - (3,694) - - - - - |
Transfers between reserves Balance cfw - 1,809,771 - 2,519 - 536 - 500 - 100 - - - - - - - - - 16,741 |
|---|---|---|---|
| 1,728,748 204,956 |
(197,809) 94,272 |
- 1,830,167 |
|
| s: | Unrestricted Funds Restricted Fund £ £ 14,018 1,494,646 51,769 33,654 269,792 3,655 (17,738) - |
Endowment Fund Total Olga Carr £ £ 14,018 1,494,646 51,769 33,654 16,741 290,188 (17,738) |
|
| 1,846,141 3,655 |
16,741 1,866,537 |
||
| 2021 2020 £ £ 30,944 30,944 155,000 155,000 26,131 26,131 122,000 122,000 |
|||
| 334,075 334,075 |
The final purpose for the designated funds arising from the release of the restrictive covenant has yet to be agreed and the designation is designed to ensure that the original source of the capital is preserved.
11 POST BALANCE SHEET EVENTS
During the year ended 31st December 2014 the PCC completed negotiations relating to a lease on a property in Beckenham High Street. The lease was signed early in 2015 for a lease premium of £235,000 and funds were transferred to the Rochester Diocesan Board of Finance for safekeeping. Correspondence took place with the diocese throughout 2015 and 2016 as to how the funds are to be applied. During the year ended 31st December 2017 a scheme of arrangement has been ratified by the Charity Commission.
The Parish has continued to pursue the matter of the release of the funds with the Charity Commission. In 2019 the Rochester Diocesan Board of Finance agreed to provide a grant of £122,000 to the parish and this is shown in the Statement of Financial Activity and as a designated fund. Initial discussions suggest that these funds will be utilised to improve Toilet Facilities within the church. The Parish received the "grant" on a basis which would not prejudice its claim for the balance of funds arising on the lease renewal. The matter is ongoing.
12 CONNECTED CHARITIES
(a) The Church Fields Charity
The Church Fields Charity, a separate charity, has the objects of applying its income, after meeting its own costs, for the "repair and maintenance of the fabric of the parish church of the Ecclesiastical Parish of St George's Beckenham" and for "furthering the religious and other charitable work of the Church of England in the said ecclesiastical parish.
In the current financial year the parish have received financial support totalling £31,021 (2020: 29,462) which represents funding to assist with the payment of church insurance, repairs and maintenance of the church building. This support is now recorded as a "restricted fund".
(b) Wotherspoon Trust Fund
Dr. John Wotherspoon died in June 1961 leaving £5,000 in trust to the Rector and Churchwardens of St. George's Church, the capital to be invested and income arising to be applied for the benefit of assistant clergy at St George's. On 24th February 1970 the Diocesan Board of Finance became Custodian Trustees and the trust capital is now held in their name, with the investment certificates retained at Rochester. The trust income (including accumulated funds) remains at the disposal of the Rector and Churchwardens. Each year a state of accounts is drawn up to establish the trust income and the value of the assets, The value of assets held as at 31st December 2021 (which do not form part of these accounts) is £ 52,599 (2020: £45,482).
13 2020 GAINS AND LOSSES ON INVESTMENTS
The comparative figures for entries on the Statement of Financial Activites for the year ended 31st December 2020 are as follows:
| GAINS AND LOSSES ON INVESTMENTS - on revaluation - listed investments - on revaluation - church hall |
Restricted Funds Endowment Funds Total Funds Church Hall 2020 12,591 6,055 - - 18,646 - 10,032 - - 10,032 Unrestricted Funds |
|---|---|
| 12,591 16,087 - - 28,678 |
Independent Examiner’s Report to the Trustees of the Ecclesiastical Parish of St Georges church Beckenham
This report on the financial statements of the PCC for the year ended 31st December 2021, which are set out on pages 1 to 15, is in respect of an examination carried out in accordance with the Church Accounting Regulations 2006 (“the Regulations”) and s.145 of the Charities Act 2011 (“the Act”).
Respective responsibilities of PCC members (Trustees) and examiner
As the members of the PCC you are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (“the Charities Act”) and that an independent examination is needed. Where the charity’s gross income exceeded £250,000 I am qualified to undertake the examination by being a qualified Fellow of the Association of Charity Independent Examiners .
It is my responsibility to:
-
examine the accounts under section 145 of the Charities Act,
-
to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
-
to state whether particular matters have come to my attention.
Basis of independent examiner’s report
My examination was carried out in accordance with general Directions given by the Charity Commission and the Church Guidance 2006 issued by the Finance Division of the Archbishops’ Council. An examination includes a review of the accounting records kept by the PCC 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 the 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:
-
to keep accounting records in accordance with section 130 of the Charities Act; and
-
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
-
have not been met; or
-
to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
D R Ralph
David R Ralph IEng JP FCIPD MIET FCIE
7[th] September 2022
50 Southwood Road Rusthall Tunbridge Wells Kent TN4 8SP
16