Chalk Church (St Mary the Virgin. Chalk) an Anglican Church in the Diocese of Rochester anda Registered Charity Ill ('II j'IIlL' IIJ e9iStr¢tloh P￿rnE¢r 1132081 .J4" Annual Report & Financial Statements for the year ended 31 L)ecember 2023 'Lifting High the Cross. Growin& Reaching Out & Stronger Chalk Church in Christ by Word Deed Contents Part One: Referen￿ and Administrative Details Vicar's Prefa Introductj'on.. Structure. Governance & Management Aims & Purposes Achievements & Performan Financial Review Reserves Policy Various Matters including Risk Assessments and the Future Part Two: Financial Ststements {The Annual Accounts with explanatory notes and Independent Examiner's Reporti Cover Photographs- Scenes from 2023 Top.. The Tower Rigged with Bunting for the Coronation Picnic with the New Church sign Middle: Coronation Picnic (left & centre) Church Hosting the Village Fete (right) Bottom: Mark & Carol at Mark's Ordination with Bishop Simon & Nigel Graham & Lisa's Wedding Service Marking Nigel's 25th Anniversary as Vicar of Chalk Armed FOr￿S Day at the Civic Centre (Address & Prayers from Nigel) Annual Report and Financial Ststements of PCC Chalk 2023 St Mary the Virgin. Chalk Annual Report a Financial Statements of the PCC for the year ended 31st December 2023 Part One Reference and Administrative Details Nam•'. The Paro¢hial Church Council of the Ecdèsia5tical Parish of St Mary the Virgin. Chalk (known as PCC Chalk~ a Re9islwed Charity- wistral•)n numbtrr 1132081) Locatlon: The Parf$h Church, 8am$ and WoodlarKI are located at Church Lane, Chalk, Gravesend. Konl DA12 2NL Chalk Parish Hall 1$ kxated at Pirrip Ckjse. Chalk, Gravesend, Kent DA12 2ND Addr•$• lor Cormpond•nc•: The IT￿rn9•. 2A Vtarage LaM. Chalk. Gravasend, Kent DA12 4TF M•mb•rn of th• PCC a CharSty Tru•toe• The followlng 1op4•d throughout 2023 and to th• dato th1• v•portw•• •pprov•d: The Revd Nwel B￿rne (Vicar ol Ch8lk & PCC Chaim)an) Barbara Millatt Ichurthwarden & PCC Vice-chgirl Sleve Quinton (ChuKhvrard￿) ITre8surerl IOean¢ry Synod ReprèsentstNel {Dèan¢ry Synod Representalive) (Assistant Churchwardenl IA6sistant Chur¢Fvwarden. ¢¢>opled post May 2023 APCMI Philippa P&rry Anne Wilkinson Martin Lake Karl Addy Emily Boume Chdstoph Bull Jenny ENett Duncan Garrod Claire YoueA$ Ram Pa¥a Jane Abrehart In addltlon to th• abov•, tho followlng ••r¥ed from May 2023 Suzannè Smit Mark Addy In addltion to th• above. th• following s•rv•d frcmn Sept•mb•r 2023 Thtr Revd Dr Mark Morgan {Assistant Curnle) In addltton to th? abo￿, th• lollowtng 8•Thfed unVI May 2023 Mike H¥mmctk Bevgd¢y G￿n￿l Bank Ind•p•ndent Examlmr Tanja L8wes Carf8ys Second Floor South, The Fitted Rigging Hou$9 ArKhor Wharf The Historic D¢xkyard Chalham Kènt ME4 4TZ Nation81 Westminst•r 30, Kin9 Street Gravesend Kent DA12 2XX Part One- Page 1 Annual Report and Financial Statements of PCC Chalk 2023 Preface by the Vicar of Chalk, Chairman of the PCC _ Review of2023 2023 saw the Wodd Health Organizalion end COV1[￿19'S status as a"global health emergency., bul officially it remained a pandemic. The country and the church conb.nued prcgress towards a new nomial that inereasingly looked o fair bil like the old nomial. other than the fact that we were living with the painful decimation that had been C8U5ed both lo lives and lo the economy- factors that inevitably affected ea¢h other. Church attendanee improved but did not regularly regain something like pre-covid levels until the Christmas services. Artificial Intelligen¢e IA1} made a greater mark on the wodd through the yeaf but many have concems about where it will lead us. Without Al, human beings using their own intelligence (?) have been very able to make a huge and painfvl mess of various things, not least in wars. eg in Sudan and Ukraine. Various international factors such as the war in Ukraine also affeeted luel and food prices. Inflalion rernained stubbomly h￿h at around 9% for the first few months of the year, only fractionally off the 9.6°h peak of 2022. High prices continued to prevent the bams by the church being converted lo a (shared usel tearoom which would have brought a rental income into the church. (Eventually il was lo become clear in early 2024 that the project would not go ahead for al least the foreseeable future.) There was also yel another terrible tsvisl in the poor relations be￿een the nation of Israel and the Palestinian people. An attack on Israeli civilians by Hamas killed over a thousand people and about 240 hostsges were taken. This and much of the Israeli response, continues lo have repercussions which will scar relations still further for generations lo come. The Holy Land seems more like killing fields and is far from the etemal peace, hamiony and wellbeing which God longs lo bring lo a new creation. Nevertheless, Christians believe this is something which G¢xI has secured for the future and which even now can, in significant measure. be known and experienced by Indiv￿￿?1$ and communities as they a in relationship with Jesus, the Prince of Peace, because of whal he has done on the Cross. The proclamation and the living out of this gospel lor good news) has of course been a feature throughout the year and especially so at Christmas and Easter and as we have supported folk in weddings, bap115m5 and funerals. This ha5 chimed with various elements of posrtive news such as the corOnat￿n of His Majesty King Charles111 on 6 May, which we marked with a ringing of bells and a Special serwce and pi¢nic lunch the following day. Other positives included the installation in the church of both a new land effective) under-pew healing system and a much upgraded tea station. We also gained planning permission that will eventually Iwe hopel allow the inlrodu¢tion of a lift to Chalk Parish Hall and the improvement of the space upstair$ to give a committee room and an office that Can be used in various ways for the management of the Hall and Parish - as well as sts'll giving lots of sloiage spacel Thanks to the gen&rosily of Marion 8oston, we also installed a new sign for the church, the design of which we have also incorporated into the three main spaces al the Hall. This is a bnghl and welcoming feature that somehow speaks of the church as a place for all seasons and all folk. The usual elements of Village Fete, Harvest Supper, Fireworks and Christmas Fair all playe¢J their part too in bringing a sense of fun and joy as covid memories tegan lo be left behind. The generosity of folk has also allowed the PCC to make various Charitable grants. including lo the Hands of Compassion School in Zambia, all of whKh will have done something lo bring a measure of healing to al least some ol the brokenness ment￿fied earlier. Other points ol note include my being asked to depulize for the Civi¢ Chaplain in June for the Borough's marking of Armed Forces Day. Rather than the obviously more solemn Remembrance activrties, this is a celebration of all that the Armed Forces 'family'. including the cadet for¢es. does for the country. A5 a Sea Cadet Chaplain for the unil based in the parish and with earlier seivice in the Royal Navy, this was a joy as well as a duty. Our 'pla¢emenl person,, Mark Morgan, Iransfomied into our Assistanl Curate in September 2023,. Mark will be with us for about five years in this role as he completes his pra¢lical training as a member of the clergy, and il has been really good to work with him. Of course, the whole operation only works because so many people volunteer to do everything from making the coffee to looking after the W¢)odland, managing the Hall and running various spiritual and pracli¢al activities. On behalf of the whole church here and, in many ways, the community of Chalk, I want to thank everyone for all their conlribulions, especially PCC members, lay ministers Janel and Michael Munson, churchwardens Barbara Millatt and Steve Quinton, our Treasurer Marts"n Lake (who began his handover of responsibilities lo Ram Palla - thanks Ramll, Andy Howe (Hall manager). Sue Hammock for magazine editing and Hall booking etc, Mike Hammock for Barn Fellowship, and all who are helping with various elements of the young people's work Imuch of il under the Loaves & Fishes banner) and not least jul￿ Garrtsj, Jane Abrehart. Suzanne Smrt, Philippa Perry and Joan Wall. (Sorry that I can't name everyone!) Some progress is being made across the Deanery, and our new Bishop seems to be taking a more strategic view across the Diocese as a whole. Nevertheles$, I was glad lo give up my 'seal' on the Diocesan Synod after 25 years, and l am assuming the Area Dean role will continue only for one more year There are a few more years before retirement is due and there is still much lo do here- and this needs to conb.nue as a ioinl effortl A joyful service in March to mark my being the Vicar of Chalk for 25 years (thanks to Joan for icing the cake and to Sue for baking itll was also accompanied by a renewing by the congregation of our commttment to a vision to be stronger in Christ, to reach out and lo grow as a family of all ages What can we each offer lo help ach￿Ve this? Love. time, talents, prayer, money, energy. encouragement, good ideas- and probably much more? Well, yes- they are all neededl Above all, love each other deeply.. Each of you should use whatevergift you have recewed to serrfe others, 05 faithful stewards of Gods grace in its various fO￿n$... so that in all things God may be praised through Jesus Christ. To him be the glory and the wwerfor everand ever. An7en. (I Peter4.' &1 IJ The Revd Nigel Boume Part One- Page 2 Annual Report and Financial Statements of PCC Chalk 2023 Introduction: Structure, Governance & Management The Parochial Church Council of the Church of St Mary the Virgin. in the Ecclesiastical Parish of Chalk (generally known as PCC Chalk or, in context, the PCCI Wofks wth the Vicar of Chalk, the Revd Nigel Bourne lo promote the whole mission of the church (see Aims etc tebw). This section of the report, Part One. gives an overview of our life including some information on finances etc, but focuses on our liturgical worship and the spiritual and praelieal aspects of our work. The main inf0m1at￿n regarding finances is given in Part Two, Financial Statements. Although the PCC is a relatively recent (earfy 20th century) creats"on. it is the modern expression of a traditional role of the parish church with clergy and laty working together for the glory of God and the benefit of the whole community. This pr¢xess has been working here in Chalk for over 1.000 years. The PCC is focussed mainly on the ecclesiastical parish of Chalk, bul has a wder remit through various relationships not least through the structures of the Church of England, as well as through missionary and charitable links beyond the parish boundary. The PCC. like the PCC of every Church of England parish has varioLSS roles. Although it has some executive functions. as constituted by the legislation of the Church of England, our PCC is, primarily, a consultative committee charged firstly with the function of cc￿peratiOn wilh the Vicar of Chalk who is, ex-officio. the PCC Chairman. In the context of mission and Coryoperation. the PCC is concerned with fund-raising and the proper safeguarding and use of the assets of our parish church as well as with our worship and other activities. The parish church of St Mary's is virtually surrcwnded by fields and lies to the east of the populated area of Chalk, which is itself at the eastern edge of Gravesend in Kent. Adjacent to the church building is our car park with some church meeting rooms known as the Bams and an area known as Sl Mary's Woodland. Al the centre of the village lies Chalk Parish Hall, a large purpose-built church and community Centre which was opened in 2007. Adjacent to the Hall is a car pafk on which we hold a long lease. Charltablo and Legal Ststus The church here in Chalk has long been recognised as a charity operating through ils PCC under rules established by the Charity Commission for England & Wales. In 2009 Chalk Church through its PCC, a body corporate, became a Registered Charity (number 11320811 with PCC members continuing as Charity trustees and with that role highlighted through the registration process. Governlng Oo¢uments The legal basis on which the PCC has operated is set out both in the Parc¢hial ch￿￿h Counclls (Powers) Measure (1956) and the Church Representatth Rules. both as arnended from tirne lo lime through General Synod. PCC Structur• The PCC has had a lemplale for meetings in January and alternate months following. However, use ol Small groups and technology including email has kept the number of main business meetings down lo a minimum and these will probably reduce to about lour a year plus some shorter meetings. A Standing Committee has power lo transact the business of the PCC tetween PCC meeting$ subject lo any direction by the Council. While overall policy for the parish hall remains the responsibility of the PCC, the main running cor￿emS of the hall are addressed by the Hall Committee, wh￿h is a committee of the PCC, with various members co-opted for their expertise regarding the hall. Similarfy. groups operating for the PCC nomwlfy run both the féte and fireworks event. PCC Mgmbershlp Members of the PCC are either ex offic￿. COryOPted or elected by the Annual Parochial Church Meeting IAPCMI in accordance with the Church of England's Church Repres8nlation Rules. Nomially the￿ should at any one lime be 12 directly eleeted Members (with one third eleeted al each APCMI each member seNing for three years lor less if filling a vacancy). After three years directly elected membership, members are not eligible for direct election for a period of one year. Deanery Synod Representsbves are normally elected every third year al an APCM to serve for three years lor the remainder of the three years if elected subsequently). The next such Deanery election will be in 2026. They are ex4officio members of the PCC and help link our life to the wider Irfe of the Diocese of Rochester and the Church of England. The names of all PCC members are listed at the beginning of Part One of this report. Other Authorlsed or Llconsed Personnel In adijition lo the clergy, some people have been specrfvlly trained by the Diocese and authorised or licensed by the Bishop to assist in the regular le&hing and pastoral mini$ty of the church. Each makes a unique contribution. Pastoral Assistant: Janel Munson. Rgader (Permisslon to Offlciat¢l: Mich*1 Munson. Part One- Page 3 Annual Report and Financial Ststements of PCC Chalk 2023 Aims & Purposes The PCC works with the Viear as a type of eldership to promole the good news or gospel of the Lord Jesus Christ. This mission has a particular focus within our parish of Chalk, but rt engages with the wider church and the wider world, not least through Churches Togetherin Grn￿Sharn, the Deanery ol Gfavesend, and Ihe Dit)c6se of Rochester. Our mission is ChristJ and his wotld. 11 also helps lo address pastoral and spiritual needs ol all who come. both regular member5 of the cong￿allOn and those who come for particular reasons, eg lo be married or when there has been a bereavement. In addits.on to worship with an explicit encouragernenl lo develop a faith in Jesus Christ as Saviour and Lord, we are involved with various proje¢ts that concern the practical well-being of a wide range of people, including the provision of fa¢ilities land sometirnes activities) for the elderly, parents and toddlers, other special needs groups and the support of other charities in the UK and overseas. Achievements & Performance Sunday Wornhlp While every day is an opportunity for worship in the sense of offering our lives to God. Sunday worship is Significant part of our Christsan calling. In the context of publ¢ worship, joining together with the Lord's people on the Lord's Day, our fellowship aims to en¢ourage and deepen the faith of each person who comes and also build up an awareness of that union which we have in Christ. This happens as we sing and give praise to God, a$ we Teflecl on his word to us and as we pray. Services create a space where we can expect lo encounler both the encouragement and the Challenge of God's love. The 8.30am and 4.30pm service$ are usually more reflecliva than the 10.30am services, which we want to be particularfy accessible lo newcomers {and al which we often use a large s¢reen onto which we project words and pictures, which many, especially visitors find helpful}. The Vicar, Curate and Reader lead and preach at our various services. The Pastoral Assistant and Churchwardens also help, eg a$51sling with the chalice at Holy Communion. Occasionally there are guest speakers. Not lo be confused with the aulhorised 'Readers' membefs of the congregation sometimes help in the reading aloud Irom the Bible in the services. Anyone who would be willing to organise a rola for these 1$ asked lo speak to the Vicar. The wheels of the services are of course oiled by many. including the choir, musicians, the coffee team and"sidespeople", who greet the COngregat￿n and give out bcN)ks or service sheets. All these land olherl ¢onlribulions a￿ necessary for our services lo work as they do., it is significant example of our teamwork. The normal pattern of services is not quite fixed posl. Reserves Policy It is PCC policy lo ty and maintain a balance of free reserves Inel current assets) which equates to al least 3 months unreslricled payments. This is the equivalent lo approximately £31.000. The balance a$ at 31*1 December of total free reserves is £89,544 and is made up of £22,224 sel aside for church and hall repairs and organ fund, £23,870 of reslricled funds and £43,450 of free reserve funds. 11 is our policy lo invest fund balances with the Churches Mutual Credit Union and the Di¢xesan Central Board of Finance. Various Matters including Risk Assessments and the Future We ar& required lo consider the risks we face and have policies that address the nsks so as lo minimyze the chances of them occurring or minimize the effect if they do ￿CUr. The greatest risks to the mission of the church lie in four main aiea$.' a failure to grow the church by continually ￿neWIng the membetship through evangelism and mission generally., a failure to attract or maintain and grow aPprOpr￿telY gifted leaders, lay and ordained,. a failure lo renew the physical and financial resources of the church.. a failuffj lo prevent reputational damage from poor decision$, scandals or tragedies of various kinds. While all of these are important and have had some attention, the ￿neWed vision pro¢e55 has led to a particular focus on the first of these issues. The policies of the PCC are explicitly aimed al avoiding such difficulties by growing the church numerically and spiritually, by training (including the use of Di¢xesan resources), by maintaining a high level of financial support to the Diocese, by good stewardship of financial and material resources, and by use of good procedures in practscal matters. To this end, for example. the PCC insures church propety, incorpofales and arranges regular checks of fire exb"nguishers elc, adopts each year the Diocesan policies for the proleclron of children and vulnerable adults. including the requirement for Disclosure & Barring Service IDBSI checks Iforrnerly known as CRB} for all relevant personnel. In addition. the PCC is reviewing Informatron held on file, eg it has produced a Health & Safety document. Fomial risk assessments of the féte and the fireworks event are made each year they are held. The Vicar, Churchwardens, Treasurer, Hall Manager and PCC, as appropriate, routinely consider risks associated wrth our buildings and aclwilies particularly when something new is planned or work envisaged but also when reviewing our normal operations. The general approach is to minimise risks lespeeially where a significant problem might resulll and lo put in pla¢e such mitigating factors that will reduce the impact of any adverse incident. A simple risk register is being worked on. Part One- P4e 8 Annual Report and Financial Statements of PCC Chalk 2023 The Diocese. D10¢8san Budget, Parish Share etc and the Future The Diocese now indicates to each parish the figure that it feels is appropriate for the parish to contribute or offer as 'Parish Share,. The fomiula is complicated but is essenb.ally related to the income of a parish, although when all the parishes of the Diocese are affected by reductions of income (eg because of a long-lasting pandemic), experience has shown that the amount requested is not always reduced from eartier levels. Nevertheless, the parish share remains a gift to the Dictese that each parish decides it is able lo make. In that context, we have reduced our offer from pre-pandemic levels bul Ine￿ased rt from last year. A separate payment towards stipend and associated ¢osls is not requested. However, the element of the fees that comes into a parish ft)r weddings and funerals (previously used to help in paying for the parish clergy in that particular parish) is now legally the property of the Diocese. Coupled with this, the Diocese rtself remains responsible for paying the parish clergy. In order for th8 System to work sustainably, on average, the parishes need lo pay into the Diocese in parish share etc, what the Diocese pays out in stipends etc. In reality, some p￿rer parishe$ will not be able to afford this, 50 other parishes are expected to pay more. While some level of SUbS￿Y will work, if the level becomes too high, that will not be sustainable, and this is, in fact, the territory that the Dictese has been in for some lime, ie the amount of money b8ing asked for from the parishes as a lotsl sum 1$ not being met by the sum of the actual offers. This is flected in the situation al Chalk." ie we can nomally, including the fee income, cover the cost of our Vicar, bul we cannot pay the full extra amount that the Diocese wants in order to help pay the shortfall from the poorer parishes who are not covering the cost of their clergy. Currently, the number of paid clergy lfvll-lime equivalent) posts 15 falling and the￿ is a consistent shortfall from the parishes taken as a whole in the money reqljesled by the Diocese. The Diocese Continues lo balance ils books by the use of reserves and the sale of freehold property {and support froin the Church Commissioners). a situation that cannot ¢onlinue for ever. Nevertheless. this is at least fairly transparent and there is a stated aspiration that the books musl be balanced in a more sustsinable transparent way. Clergy pay (technically 'sbpends"I was frozen or subject lo below-inflalion increases for some b.me bul this is now changing - good for individual vicars, bul potentially making the problem for the Dio¢ese harder to solve. A new'lolal relum, policy will allow some reserves to be invested in more ¢reab"ve ways. This may prove successful, bul rt will lake some years before we can be sure and, even so, oveiall decline in paid clergy numbers seems likely lo Continue and some fom of sharing Clergy resources across paiishes seems inevitsble. There are various bridges that may have to be crossed when we come to them, bul il has been the belief of the PCC that Chalk should, normally, continue lo pay a level of parish share which Iwhen combined with th8 fee ineome passed to the Diocese} covers al least the costs of the incumbent (as calculated by the Diocesel. INB this is a lol more than is actually paid lo the Clergy as il includes National Insurance. pension contributions, training and administration Costs.) However, there may be limes when the needs within the parish, or the money$ ¢oming into the pansh lor a combination of the tsvol will mean Ihat the PCC will need to ￿du￿ the money paid lo the Diocese for lit would be hoped) a particular year or very small number of years. While the Oiocese of Rochester and the Deanery of Gravesend both have a part lo play, the PCC feels that if this parish and the parishes generally rely too heavily on the contributions and strategies of the Deanery and Diocese, there will be failures of the ¢hurch al the parish level. 11 is not so much about being self-sufficient- God willing we will always see that we have things lo gain from, as well as contribute lo, the wider church. Rather il is about developing a reliance on God, his Word and the talents and other resources he has given us and listening lo God that we use all that he has given in a way that discharges our specific responsibilities locally in the parish as well as in the Oiocese and beyond thus bringing glory to God. The PCC remains very grateful for the help ￿reiVed during 2017 from Bryn Hughes. a committed Christian and a Skilled professional In the area of vision and strategy. Very sadly, Bryn died in December 2023 after six years of illness where he contsnued to touch the lives of many in very pos11ive way. Hi5 earf*r work in Chalk was imFQrtanl in helping us discem the vision to be 'at the heart of our community, and significantly this t(Jfe fruit in all that has happened through the building of Chalk Parish Hall. His latter work in Chalk has already borne some fruit by encouraging us to begin the Loaves & Fishes programme. In turn this has given us confidence to go on funding this minislry which is ￿ntributIng to a process of helping us be stronger in Christ, reaching out and growing as a family of all ages. lifting high the cross. We pray that further progress will be made in the coming years to the glory of God. Approved by the PCC on 3rd May 2024 by email and slgned on its behalf by the Vl¢ar of Chalk, the Revd Nigel Bourn•, Chairnian of the Parochial Church Councll. 2.1 Part One- Page 9 Annual Report and Financial Statements of PCC Chalk 2023 This page is deliberately blank. Part One- Page 10 St Mary the Virgin. Chalk Annual Report & Financial Statements of the PCC for the year to 31 December 2023 Part Two Financial Statements Annual Report and FLnancLal Ststemcnts ofpcc Chalk 2023 AMINER. REP PA HURCH COUNCIL sr MAR HE VIRGIN CHALK I report on the annual report and financial stat￿￿ents of the charity for the year ended 31 Decemter 2023, which are set out in Part One Part Two of this dcojment. Respective Responsibilitie5 of Trustees and Examiner The charity's trvstees are ￿F4)nSIble for the preparation of the flnancial statements. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (The Act) and that an indeFendent examination is needed. It is my wponsibilty to: examine the financial statements under srfts.on 145 of the Act; to follow the procedures laid down in the General DIr￿tionS given by the Charity Commission under section 145(5)(b) of the Act: and to stste whether particubr matters have come to my attent60n. Basls of Independent Examlnerfs Report My examination was carrled out in accordan￿ with the f￿neraL Directions glven by the Charity Commission. An examinatDn includes a reV￿W of the accounting records kept by the charity and a comparlson of accounts presented with those records. It also includes consideration of any unusual Items or dlsclosures in the accounts, and seeking explanations from the trustees Con￿rning any such matters. The prcKedures undertsken do not provide all the evidence that would te requir￿ in an aLhJiL and consequently no oplnlon Is given as to whether the accounts present a "true and fair view" arKI the rep)rt is limited to those matters set out in the statement beh)w. Independent Examlnerfs Statement I confirm that no materlal matters have CO￿ to my attentlon in connectlon with the examination giving me cause to believe that in any material respect: accounting records were not kept as requireAJ by section 130 of the Act, or 2. the accounts do not accord with those records; or 3. the accounts do not comply the xcountiThJ requirements of the Act. In my opinion there a￿ no ott*r matters in connecti)n with tre examlnation to whlch attention Should ￿ dravm In this repM)rt in order to enable a proper understsnding of the accounts to be reached. Second Floor South The Fitted Rigging House The Historic Dockyard Chatham Kent ME4 41Z T Lawes FCA Carleys Part Two- Page I Anrbual Re￿￿ts and FinanLial siatrn*nts of Chalk 2023 PAROCHIAL CHURCH COUNCIL ST MARY THE VIRGIN CHALK STATEMENT OF FINANCIAL AcfivTfiES 31 DECEMBER 2023 INCOME & ENDOWMENTS: Donations and legaaes Voluntary Income Activities for generating funds Income from Investments Church ActNltles 68,945 15,686 613 32.087 14,370 83.315 15.686 613 40,040 67,231 17,791 279 34,430 2b 2¢ 2d 7,953 TOTAL INCOME 117 331 139 654 119 731 EXPENDITURE: Church athvltles Ra15In9 Funds 117,942 6.677 10,561 7.303 128.503 13,980 124,409 9,296 3b TOTAL EXPENDMIRE 124 619 142 483 133 705 NET INCOMINGI ICIJTGOINGI RESOURCES (7,2881 4,459 (2,829) 113,9741 GAINS AND ILOSSESI INVEsfMEwrs S84 18271 CONTRIBUTIONS IN KIND 18,9 18,980 Ngf MOVEMENT C* FUNDS (7,288) 23,439 16,735 114,8011 BALANCES BROUGHT FC41WARD AS AT I JANUARY 2023 560,616 169.987 6,198 736,801 751,602 BALANCES CARRIED FORWARD 31 OECEMBER 2023 S53 328 193 426 753 536 736 801 Part TvK*. Page 2 Annual Rewrt and Financial Statements of PCC Chalk 2023 ' PAROCHIAL CHURCH COUNCIL ST MARY THE VIRGIN CHALK BALANCE SHEET AT 31 DECEMBER 2023 Note 2023 202 FIXED ASSETS Tangible fixed assets Investment assets 657,209 6,782 649,326 6, 198 5b 663.991 655,524 CURRENT ASSETS Debtors Short term deposits Prepayments Cash in hand 7,152 15,248 16,083 12,641 3,132 65,573 79,867 102,267 97,429 SHORT TERM LIA8ILrnES: amounts dLte wilhin l year 12,722 16,152 NET CURRENT ASSETS 89,545 81,277 LONG TERM LIABILITIES amounts due within more than l year 9a NEf ASS￿5 753 536 736 801 FUNDS Unrestrtcted 553,328 560,616 Restricted 193,426 169,987 Endowment 6,782 6,198 TOTAL E UITY 736 BOL Approved by the Parochial Church Counol on 25th April 2024 and signed on its behalf by: The Revd Nigel Bourne (Vicar & PCC Chainn3n) Part Two - Page 3 PAROCHIAL CHURCH COUNCIL sr MARYS THE VIRGIN CHALK NOTES TO THE STATEMENT OF FINANCIAL STATEMENTS YEAR TO 31 DECEMBER 2023 The PCC operates legally under the Parochial Church Council Powers Measure (1956) and the Church Representation rules (2011) as amended from time to time through General Synod. The principal address is The Vicarage, 2a Vicarage Lane, Chalk, Gravesend, Kent DA12 4TF. I. 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, also they have been prepared under FRS102 (2016) as the applicable accounting standards and the 2016 version of the Statement of Recommended Practice, Accounting and Reporting by Charities (SORP(FRS102)). ASSETS Consecrated and benefice property In so far as consecrated and benefice property of any kind is excluded from the statutory definltion of 'charity' by Section 10(2) (a) and (c) of the Charities Act 2011 such assets are not capitalised in the financial statements. Moveable church furnishings Movable church furnishings held by the Vicar and Churchwardens on special trust for the PCC, and which require a faculty for disposal, are accounted as Inalienable property unless consecrated. They are listed in the church's inventory, which can be inspected (at any reasonable time). For inalienable property acquired prior to (2000) there is insufficient COSt information available and therefore such assets are not valued in the accounts. Items acquired since l January 2000 have been capitslised and depreciated in the accounts over their currently anticipated useful economic life (initially over 5 years) on a straight-line basis. Tangible fixed assets for use by the charity These are capitalised if they can be used for more than one year and cost at least £1,000. Investments Investments are quoted at market value as at 31 Dec 2023. Short term deposits These are cash holdings on deposlt with CBF Church of England funds, at Natwest Bank and Barclays Bank or with CMCU (Churches Mutual Credit Union) Current Assets Amounts owing to the PCC at 31 December in respect of fees, rents or other income are shown as debtors less provision for amounts that may prove uncollectable. Current Liabilities Goods and services received by the year end but not yet invoiced or paid for are included in the accounts as accruals. Wedding deposits received in respect of the following year are deferred. Cont... Part Two - Page 4 Incoming resources Voluntaryincome andcawtalsources Collections are recognised when received by or on behalf of the PCC. Planned giving receivable under Gift Aid is recognised only when received. Income tax recoverable on Gift Aid donations is recognised when the income is recognised. Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement, the amount due is quantifiable and its ultimate recelpt by the PCC is reasonably certain. Funds raised by the fete, bazaars and slmilar events are accounted for gross. Sales of books and magazines from the church bookstall are accounted for gross. otherincome Rentsl income from the letting of the church premises is recognised when the rental is due. Income from Investments Dividends are accounted for when due and payable. Interest entitlements are accounted for as they accrue. Tax recoverable on such income is recognised in the same year. Galnsandlosses on Investments Realised gains or losses are recognised when investments are sold. Unrealised gains or10sses are accounted for on revaluation of Investments at 31 December. Resources used Grants Grants and donations are accounted for when paid over, or when award creates a binding obligation on the PCC. Activities dirertly relatsng to the work of the Churth The Parish Share contribution to Rochester Diocese made under the 'Offer' system is accounted for when paid. Any unpaid amount at 31 December Is provided for in these account5 as an operational (though not legal) liability and Is shown as a creditor in the Balance Sheet. Volunteers The accounts do not show the monetary value of volunt￿rS who have assisted during the year. FUNDS Unrestricted Funds These represent the remaining income funds of the PCC that are available for spending on the general purposes of the PCC, including amounts designated by the PCC for fixed assets for its own use or for spending on future projects and which are therefore not Included in its 'free reserves, as disclosed in the Trustees Report. Restricted Funds These are income fund5 that must be spent on restritted purposes and detslls of the funds held and restrictions provided are shown in the notes to the accounts. Endowment Funds These are restritted funds that must be ￿taIned 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. Full details of their restrictions are shown in the notes to the accounts. Part Two - Page 5 Annual Retxjrts arKJ Finanoal Ststements of PCC Chalk 2023 PAROCHIAL CHURCH COUNCIL ST MARY THE VIRGIN CHALK NOTES TO THE STATEMENT OF FINANCIAL ACtIvrtIES 31 DECEMBER 2023 INCOME & ENDOWMENTS Etthky fund funds Note 2023 20 Voluntary income Planned giving., Gift Aid donations Tax recoverable Colbectknns (open plate) Grants Donations, appeals, etc Legacies 2a 34,751 15,605 9,619 34,751 15,605 9,619 1,020 16,338 5,982 34,109 7,495 8,591 11,283 4,753 1,000 1,020 13,350 5,982 2b Actlvltles for 9eneratlng funds Bookstsll/Mag Adverts Summer Fete Firework Display Christmas Bazaar Irxj aub Teaslcoffees Other 786 786 2,904 8,609 1,971 1,304 32 80 709 3,442 10,510 1,748 1,276 8,609 1,971 1,304 32 80 L06 2c Income from Investments Investment income Dividends & Bank deFQSit Inte￿st Mlsc Income 613 613 279 613 613 279 2d Incorne from church actlvltles 12 Church hall lettings etr. Fees (Weddings & Funerals) Take-a-Break 28,088 28,088 3,999 24,240 5,965 Total Income 117,331 21323 139,654 119,731 Part Page 6 Annual Rep)rts and Financrdl Ststements of PCC Chalk 2023 PAROCHIAL CHURCH COUNCIL sr MARY THE VIRGIN CHALK NOTES TO THE StATEMENT OF FINANCIAL ACTIVITIES 31 DECEMBER 2023 3 EXPENDrruRE Note fuThls funds funds 3a Church Activities Missionary and charitsble giving Overseas Overseas relief and development agencies Home missions and other ￿￿ietIeS Ministry Contrlbution to Rochester Diocese Loaves & Fishe5 (puppet ministy) other costs Church running costs & maintenan Malor repalrs (tower & roon Expenditure on parish magazine and bjokstall Upkeep of other PCC proFe Church hall iunning costs Organlsts payments Administration including prOfesS￿nal fees Prlnting and stationery Depreciatlon on hall and church equjpry￿t 562 4,469 562 4,477 2,560 1,739 50,fy)O 6,269 2,461 19,108 50,000 6,269 2,461 21,928 46,000 4,627 806 16,139 2,820 2,764 ii,iio 15,011 21,069 14,556 15,011 1,992 2,786 1,992 2,786 2,642 2,579 117,132 10,561 127,693 123,629 Support Costs Independent Examlnerfs fee 810 810 780 117 942 128 503 124 409 3b Ralslng funds Christmas Bazaar Flrework Dlsplay Summer Fete Fund Generation - Other C05ts of stewardship campaign Take-a-8reak 243 4,941 1,49 243 4,941 1,449 201 3,662 1,091 44 42 TOTAL RESOURCES EXPENDED 124 619 142 483 133 705 4 sfAFF & RELATED PARfrf TRANSAcfIoNS (lasl year In brackets) Vicar's stipend is paid by Rochester Diocesan Board of Finan The PCC employs no paid staff, Julie Garrod. a trustee, was pakd consU￿ncY fees of £4,413 (£3.470) f￿ njnning the Loaves & Fishes outreach program. Nigel Bourne, PCC Chaimian and trustee was reimbursed £2,482 for 18 mths ministry expenses. There are no related party transactions or payments to other trustees to report. Aggregate donations by 12 Trustees is £9,480 (£9,052) Part Two - Pr•Je 7 Annual Re￿rts and Finanaal Ststements of PCC Chalk 2023 PAROCHXAL CHURCH COUNCIL ST MARY THE VIRGIN CHALK NOTES TO THE sfATEMENT OF FINANCIAL ACTIVITIES 31 DECEMBER 2023 ED ASS YTHE Paintin ststue TOTAL 5a Tangible fixed assets Actualldeemed costs at l Jan 2023 addition5 dlsposals at 31 December 2023 799,518 38,785 18,980 I,ioo 839,403 18,980 858 383 Depreclation at l January 2023 charge for the year Adjustment dlsposals at 310ecember 2023 155,553 9,211 34,524 1,886 190,077 11,097 201 174 Net trN)ok value at 31 December 2023 657 209 at l January 2023 649 326 The freehold land and building comprise the land and bjlldings at the Partsh Hall, Lower Higham Road, Chalk and the fand adI￿nt to the Church comprislThJ The Woodland, car park and two barns. Depreciation is provided to vthte off the cost over the expected useful life of the assets, on a Straight line basls, at the following annual rate5. Parish Hall Parish Hall equipment Church equlpment Church Barns LarKI and palntlngs, etc. a￿ not dewedated. 5-10 3Wo 5b Investment fixed assets Movements In the year Market value at l January 2022 revaluation gain or10sS at 31 D￿rnber 2023 6,198 584 The holding at 31 December 2023 was 300 unrts in C8F Church of England Investment Fu￿1 for the maintenance of the Chan￿1. ANALYSI ND funds 202 Flxed assets for Church use Investment fixed assets Current assets Current liabilities 488.653 168,556 657,209 6,782 102,267 -12,722 6,782 71.310 -6,635 553 328 30,957 -6,087 193 426 753 536 Part Two. Page 8 Arsnual Re[￿￿ ar)d ￿nanCIal Ststements of PCC Chalk 2023 PAROCHIAL CHURCH COUNCIL ￿ MARY THE VIRGIN CHALK NOTES TO THE STATEMENT OF FINANCIAL ACtIvrtlES 31 DECEMBER 2023 023 2022 7Do ations in kin Volunteers contribute In many way5 to support the church ministry. The followirvJ roles are carried out by Voluntee￿ - Church Warden, Organts¢ Hall Manager, Hall Seuetsry, Treayjrer, Verger, (￿"r Mastu. E¥a)t Clwth Oews, rirwJws. Marshalls Charity - Grant for d)urch heating 18,980 Gift Aid- HMRC Hall rents Other accwed Income 5,364 1,788 14,000 1,598 485 Accruals Creditors Hall deposits Hands of Compassion funds Deferred income 7,467 2,075 80 3,100 6,110 5,758 60 4,224 9a Hall car park is leased at £272 per annum Wlthln unrestricted funds are balances as provision for ne￿sSary repairs to the church ha51 arKI a simllar repair fund for the fabric of the church. Transfers are made regularly to provide maintenance funds for the bulldlngs. 31.12.22 Xf•r In Xfer Out 31.12.23 Hall repalr fund (Savedfrom generalglvlng and to Lr usedas and wlw reWItsa￿ required.) Church repair fund (Savedfrom generalgiving and to Lr usedto satisfyrepalts noted In quinquenno/survey.) Organ Fund [SaVedfromgeneralgl￿n9 andto to ￿p/att ekctronK cygan) Totsl 3,157 1,108 4,265 9,460 1,499 10,959 6000 1000 18 617 3 607 Part Two- Page 9 Annual Reports and Financial Stat￿ts of PCC Chalk 2023 PAROCHIAL CHURCH COUNCIL ￿ MARY THE VIRGIN CHALK NOTES TO THE ￿ATEMENT OF FINANCIAL ACtIVThIES 31 DECEMBER 2023 Asat 31.12.22 Asat 31.12.23 Restricted funds l a55ets Purpose and Trust Law restrKtion. . Village Hall asset: {RewLknkn) Provision of play area for pre-schcol. KCC grant . Vlllage Hall asset.. [knC{￿ equ￿￿1) Climate control. Donor restriction * Take a Break.. (A dth¥JffNA4ted¢o Ihe oknh) Community outreach prokrt. Self funded. • Flxed assets for Church use: (LaA¢ ArtMt•tsJ 3,945 -420 3,525 -6fyJ 2,400 766 7,953 -7,303 1,416 148,600 -3,949 18,980 163,631 • Roof & Tower: (Fk%7 fimd+ Repairs and Flag ￿new3]s. Appeal restriction. . Hall Car Park.. (maintenan￿) Tree planting and maIntenan￿. KCC grant restrthon C of E Children's Scciety Street colkdion appeal. Donor restrictlon Organ FuFKi For replaclng the organ In 2027. Appeal restrlct50n. Hall Lift Projert Donor restricted . W¢))dland. Donor ￿$trIcted 484 484 157 157 105 105 10,IJXI I0,c￿ -2,631 17,369 -133 867 GraveyardlGarden of Remembran Donor restricted Hall Maintenan t)onor restrfjcted Mission & M5nistry Fund PLtppet ministry Church Malntenan Donor Restricted Sign Church Heating Fund Donor Restrict&J 150 150 I,2c￿ 2,CNJO 3,200 130 130 0 2,220 -2,220 450 150 00 Totsls 169 987 22 323 -17 864 18 980 193 426 12H Comprise gross Tents of £39,972 less subsidies of £11,484 (2022.. £35,412 1 £11,172) Part Two - Page 10