**PAROCHIAL CHURCH COUNCIL OF ST MARY MAGDALENE, GILLINGHAM** 

## **STATEMENT OF FINANCIAL ACTIVITIES FOR  THE  YEAR  ENDED  31  DECEMBER  2021** 

|||||||**TOTAL**|TOTAL|
|---|---|---|---|---|---|---|---|
|||Unrestricted|Designated|Restricted|Endowment|**FUNDS**|FUNDS|
||Notes|Funds|Funds|Funds|Funds|**2021**|2020|
|||£|£|£|£|**£**|£|
|**Income and endowments from:**||||||||
|_Voluntary income_|2a|26,062|170|0|0|**26,232**|29,546|
|_Activities for generating funds_|2b|3,448|0|0|0|**3,448**|2,167|
|_Income from investments_|2c|0|92|4|0|**96**|196|
|_Church activities_|2d|2,709|0|0|0|**2,709**|2,303|
|_Other income_|2e|670|68|0|0|**738**|1,156|
|**Total**||32,889|330|4|0|**33,223**|35,366|
|**Expenditure on:**||||||||
|_Church activities_|3a|37,576|0|4,200|0|**41,776**|42,058|
|_Raising funds_|3b|166|0|0|0|**166**|200|
|_Other resources expended_|3c|670|0|0|0|**670**|670|
|**Total**||38,412|0|4,200|0|**42,612**|42,927|
|_Gains/(losses) on investment assets_|6||||0|**0**|0|
|**Net income/(expenditure)**||(5,523)|330|(4,195)|0|**(9,388)**|(7,563)|
|Transfers between funds - transfers in||0|1,000|0||**1,000**|152,632|
|Transfers between funds - transfers out||(1,000)|0|0||**(1,000)**|(152,632)|
|_Gains/(losses) on revaluation of fxed assets_|5|0|0|0|0|**0**|0|
|Other recognised gains/losses||0|0|0|0|**0**|0|
|**Net movement in funds**||(6,523)|1,330|(4,195)|0|**(9,388)**|(7,563)|
|Total funds brought forward at 1 January||46,650|74,278|39,438|0|**160,366**|167,928|
|**Total funds carried forward at 31 December**||40,128|75,608|35,243|0|**150,979**|160,366|



5 



**PAROCHIAL CHURCH COUNCIL OF ST MARY MAGDALENE, GILLINGHAM** 

## **STATEMENT OF FINANCIAL ACTIVITIES FOR  THE  YEAR  ENDED  31  DECEMBER  2020** 

|||||||**TOTAL**|TOTAL|
|---|---|---|---|---|---|---|---|
|||Unrestricted|Designated|Restricted|Endowment|**FUNDS**|FUNDS|
||Notes|Funds|Funds|Funds|Funds|**2020**|2019|
|||£|£|£|£|**£**|£|
|**Income and endowments from:**||||||||
|_Voluntary income_|2a|25,546|0|4,000|0|**29,546**|31,825|
|_Activities for generating funds_|2b|2,166|0|0|0|**2,166**|1,861|
|_Income from investments_|2c|0|165|31|0|**196**|799|
|_Church activities_|2d|2,303|0|0|0|**2,303**|11,605|
|_Other income_|2e|1,033|122|0|0|**1,155**|2,644|
|**Total**||31,048|287|4,031|0|**35,366**|48,732|
|**Expenditure on:**||||||||
|_Church activities_|3a|36,462|368|5,228|0|**42,058**|203,468|
|_Raising funds_|3b|200|0|0|0|**200**|460|
|_Other resources expended_|3c|670|0|0|0|**670**|670|
|**Total**||37,332|368|5,228|0|**42,928**|204,597|
|_Gains/(losses) on investment assets_|6||||0|**0**|0|
|**Net income/(expenditure)**||(6,284)|(81)|(1,196)|0|**(7,562)**|(155,866)|
|Transfers between funds - transfers in||0|1,168|0||**1,168**|152,632|
|Transfers between funds - transfers out||(1,168)|0|0||**(1,168)**|(152,632)|
|_Gains/(losses) on revaluation of fxed assets_|5|0|0|0|0|**0**|0|
|Other recognised gains/losses||0|0|0|0|**0**|0|
|**Net movement in funds**||(7,452)|1,087|(1,196)|0|**(7,562)**|(155,866)|
|Total funds brought forward at 1 January||54,102|73,191|40,635|0|**167,928**|323,793|
|**Total funds carried forward at 31 December**||46,650|74,278|39,439|0|**160,367**|167,928|



5 



## **PAROCHIAL CHURCH COUNCIL OF ST MARY MAGDALENE, GILLINGHAM** 

## **BALANCE SHEET AT 31 DECEMBER 2021** 

|Notes<br>**Fixed assets**<br>Tangible fxed assets<br>5<br>Investments<br>6<br>**Total fxed assets**<br>Debtors<br>7<br>Short term deposits<br>Cash at bank and in hand<br>Creditors: amounts falling due within one year<br>8<br>**Net current assets**<br>**Total assets less current liabilities**<br>Creditors: amounts falling due after one year<br>8<br>**NET ASSETS**<br>**Funds**<br>9<br>**Endowment funds**<br>10<br>**Restricted funds**<br>10<br>**Designated funds**<br>10<br>**General funds**<br>10|**3,087**<br>**101,339**<br>**45,622**|
|---|---|
|||



Approved by the Parochial Church Council on 12 March 2020 and signed on its behalf by 

The accompanying notes form a part of these financial statements. 

6 



**PAROCHIAL CHURCH COUNCIL OF ST MARY MAGDALENE, GILLINGHAM** 

## **NOTES  TO  THE  FINANCIAL  STATEMENTS FOR  THE  YEAR  ENDED  31  DECEMBER  2021** 

## **1. Accounting policies** 

## **a Basis of preparation** 

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 PCCs, and with the Regulations' "true and fair view" provisions, together with FRS102 2016 as the applicable accounting standards and the 2016 version of the Statement of Recommended Practice, Accounting and Reporting by Charities SORP FRS102. 

The financial statements have been prepared under the historical cost convention, except for the valuation of investment assets which are shown at fair value. 

## **b Funds** 

Funds held by the PCC are: 

_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 spending on a future project and which are therefore not included in its 'free reserves' as disclosed in the trustees' report. 

_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 as capital income, and where the use of any income or other benefit derived from the capital may be restricted or unrestricted. Full details of all their restrictions are shown in the notes to the accounts. 

## **c Incoming resources Recognition of income and endowments** 

These are included in the Statement of Financial Activities (SOFA) when: 

1. the PCC becomes legally entitled to the use of the resources; 

2. and the inflow of economic benefits is probable; and 

3. the monetary value can be measured with sufficient reliability. 

**Fundraising costs** - Funds raised from events and trading activities (e.g. a fete, a garden party or sales of books and magazines) are reported gross in the SOFA – i.e., before any related costs that may have been deducted from the gross proceeds. 

**Grants and donations** - Grants and donations are included in the SOFA when any preconditions preventing their use by the PCC have been met. For collections and planned giving this is when the funds are received. 

**Gift Aid Tax claims, etc.** - Gift Aid and other tax claims are included in the SOFA at the same time as the cash donations to which they relate. 

**Gifts in kind** - Gifts in kind are accounted for at a reasonable estimate of their fair value at the time of gift, if feasible, or else at the amount actually realised from their disposal. 

Gifts in kind for sale to fund the PCC are included in the accounts at their estimated fair value at the date of gift, if feasible – or else recognised when sold by the charity. 

Gifts in kind for the PCC’s own use are included in the SOFA as incoming resources at their fair value when receivable, and expensed as and when consumed in use. Gifts of fixed assets, if material, are included in the balance sheet at their fair value and expensed over the asset’s useful economic life. 

**Donated services and facilities** - These are included in income (and at the same time in resources expended) at the estimated fair value to the PCC of the service or facility received. 

**Volunteer help** - The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report. 

_**Rental income**_ - Rental income from the letting of the church is recognised when the rental is due. 

**Investment income** - This is included in the accounts when receivable. 

**Investment gains and losses** - This includes any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. 

7 



## **PAROCHIAL CHURCH COUNCIL OF ST MARY MAGDALENE, GILLINGHAM** 

## **NOTES  TO  THE  FINANCIAL  STATEMENTS (continued) FOR  THE  YEAR  ENDED  31  DECEMBER  2021** 

## **d Expenditure and Liabilities** 

**Liability recognition** - Liabilities are recognised as soon as there is a legal or constructive obligation and settlement is probable and quantifiable. 

**Governance costs** _**-**_ Include costs of the preparation and examination of statutory accounts, the costs of trustee meetings and cost of any legal advice to trustees on governance or constitutional matters. 

**Grants payable without performance conditions** - These are recognised in the accounts when a commitment has been made externally and there are no pre-conditions still to be met for entitlement to the grant which remain within the control of the PCC. 

## **e Assets** 

**Consecrated and beneficed property** - In so far as 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 such assets are not capitalised in the financial statements. 

**Movable church furnishings** - These are capitalised at cost and depreciated over their useful economic life other than where insufficient cost information is available. In this case the item is not capitalised, but all items are included in the Church's inventory in any case. 

**Tangible fixed assets for use by the Church** - These are capitalised if they can be used for more than one year, and cost at least £1,000. They are valued at cost or else, for gifts-in-kind, at a reasonable estimate of their open market vale on receipt. 

Depreciation is calculated to write off the cost of tangible fixed assets less their currently anticipated residual fair value over their estimated useful lives as follows: 

|Land|Nil|
|---|---|
|Buildings*|Nil|
|Fixtures & Fittings|20 years|
|Computers|3 years|



* No depreciation is provided on buildings as the currently estimated residual value of the properties is not less than their carrying value and the remaining useful life of these assets currently exceeds 50 years, so that any deprecaition charges would be immaterial. An impairment review is carried out at each year-end and any resultant loss identified and included in expenditure for the year. 

**Investments -** Investments quoted on a recognised stock exchange or whose values derive from them (CIFs, etc.) are valued at market value at the year end. Other investments assets are included at trustees' best estimate of the market value. 

**Trading Stocks** - These are valued at the lower of cost (or gift value) or year end fair value. 

**Short term deposits -** Include cash held on deposit either with the CBF Church of England Funds or at the bank. 

8 



## **PAROCHIAL CHURCH COUNCIL OF ST MARY MAGDALENE, GILLINGHAM** 

## **NOTES  TO  THE  FINANCIAL  STATEMENTS (continued) FOR  THE  YEAR  ENDED  31  DECEMBER  2021** 

|**2 Income and endowments from:**<br>**a**<br>_Voluntary income_<br>Planned giving - gift aid<br>A1<br>Income tax recoverable on planned giving<br>A2<br>Collections<br>A4<br>Donations and appeals<br>A5<br>Income tax recoverable on donations and appeals<br>A6<br>Grants<br>A7<br>Legacies<br>A8<br>**b**<br>_Activities for generating funds_<br>Fetes, bazaars and other fund-raising events<br>A10<br>Other fundraising<br>A12<br>**c**<br>_Income from investments_<br>Dividends and interest<br>A13<br>**d**<br>_Church activities_<br>Fees from weddings etc<br>A14<br>Church lettings<br>A17<br>**e**<br>_Other income_<br>Insurance receipt<br>A18<br>Church group receipts<br>A19<br>Donated services<br>**Total incoming resources**|**TOTAL**<br>TOTAL<br>**UnrestrictedDesignated Restricted Endowment**<br>**FUNDS**<br>Unrestricted<br>Designated<br>Restricted<br>Endowment<br>FUNDS<br>**Funds**<br>**Funds**<br>**Funds**<br>**Funds**<br>**2021**<br>Funds<br>Funds<br>Funds<br>Funds<br>2020<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>£<br>£<br>£<br>£<br>£<br>15,569<br>0<br>0<br>0<br>**15,569**<br>13,724<br>0<br>0<br>0<br>13,724<br>328<br>0<br>0<br>0<br>**328**<br>2,334<br>0<br>0<br>0<br>2,334<br>1,220<br>0<br>0<br>0<br>**1,220**<br>1,168<br>0<br>0<br>0<br>1,168<br>5,905<br>170<br>0<br>0<br>**6,075**<br>4,565<br>0<br>4,000<br>0<br>8,565<br>0<br>0<br>0<br>0<br>**0**<br>2,421<br>0<br>0<br>0<br>2,421<br>3,042<br>0<br>0<br>0<br>**3,042**<br>1,334<br>0<br>0<br>0<br>1,334<br>0<br>0<br>0<br>0<br>**0**<br>0<br>0<br>0<br>0<br>0|
|---|---|
||26,062<br>170<br>0<br>0<br>**26,232**<br>25,546<br>0<br>4,000<br>0<br>29,546|
||2,030<br>0<br>0<br>0<br>**2,030**<br>0<br>0<br>0<br>0<br>0<br>1,418<br>0<br>0<br>0<br>**1,418**<br>2,166<br>0<br>0<br>0<br>2,166|
||3,448<br>0<br>0<br>0<br>**3,448**<br>2,167<br>0<br>0<br>0<br>2,167|
||0<br>92<br>4<br>0<br>**96**<br>0<br>165<br>31<br>0<br>196|
||0<br>92<br>4<br>0<br>**96**<br>0<br>165<br>31<br>0<br>196|
||2,569<br>0<br>0<br>0<br>**2,569**<br>2,023<br>0<br>0<br>0<br>2,023<br>140<br>0<br>0<br>0<br>**140**<br>280<br>0<br>0<br>0<br>280|
||2,709<br>0<br>0<br>0<br>**2,709**<br>2,303<br>0<br>0<br>0<br>2,303|
||0<br>0<br>0<br>0<br>**0**<br>363<br>0<br>0<br>0<br>363<br>0<br>68<br>0<br>0<br>**68**<br>0<br>122<br>0<br>0<br>122<br>670<br>0<br>0<br>0<br>**670**<br>670<br>0<br>0<br>0<br>670|
||670<br>68<br>0<br>0<br>**738**<br>1,033<br>122<br>0<br>0<br>1,155|
|||
||32,889<br>330<br>4<br>0<br>**33,223**<br>31,049<br>287<br>4,031<br>0<br>35,366|



9 



## **PAROCHIAL CHURCH COUNCIL OF ST MARY MAGDALENE, GILLINGHAM** 

## **NOTES  TO  THE  FINANCIAL  STATEMENTS (continued) FOR  THE  YEAR  ENDED  31  DECEMBER  2021** 

## **3 Resources expended** 

|**3 Resources expended**||
|---|---|
|**a**<br>_Church activities_<br>Missionary and charitable giving (Note 11):<br>B3<br>Ministry costs:<br>Diocesan parish contribution<br>B4<br>Working expenses<br>B6<br>Vicarage expenses<br>B7<br>Upkeep of services<br>B9<br>Church running and maintenance<br>B10<br>Church reordering project costs<br>B11<br>Training, publicity and social<br>B12<br>Parish magazine<br>B13<br>Administration<br>B16<br>Church groups payments<br>B17<br>Church major repairs<br>B18<br>Depreciation<br>B19<br>Cost of planned giving<br>B1<br>Cost of annual accounts - Independent examination fee<br>B20<br>Bookkeeping service<br>B21<br>**b**<br>_Raising funds_<br>Fund raising costs<br>B2<br>**c**<br>_Other resources expended_<br>_Donated services - Cleaning_<br>**Total resources expended**|**TOTAL**<br>TOTAL<br>**UnrestrictedDesignated Restricted Endowment**<br>**FUNDS**<br>Unrestricted<br>Designated<br>Restricted<br>Endowment<br>FUNDS<br>**Funds**<br>**Funds**<br>**Funds**<br>**Funds**<br>**2021**<br>Funds<br>Funds<br>Funds<br>Funds<br>2020<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>£<br>£<br>£<br>£<br>£<br>867<br>0<br>0<br>0<br>**867**<br>255<br>100<br>0<br>0<br>355<br>17,335<br>0<br>0<br>0<br>**17,335**<br>15,890<br>0<br>0<br>0<br>15,890<br>1,327<br>0<br>0<br>0<br>**1,327**<br>1,650<br>0<br>0<br>0<br>1,650<br>2,513<br>0<br>0<br>0<br>**2,513**<br>2,892<br>0<br>0<br>0<br>2,892<br>112<br>0<br>0<br>0<br>**112**<br>715<br>0<br>0<br>0<br>715<br>10,738<br>0<br>360<br>0<br>**11,098**<br>9,268<br>0<br>0<br>0<br>9,268<br>0<br>0<br>3,840<br>0<br>**3,840**<br>0<br>0<br>5,228<br>0<br>5,228<br>130<br>0<br>0<br>0<br>**130**<br>364<br>0<br>0<br>0<br>364<br>96<br>0<br>0<br>0<br>**96**<br>0<br>0<br>0<br>0<br>0<br>2,473<br>0<br>0<br>0<br>**2,473**<br>2,010<br>0<br>0<br>0<br>2,010<br>0<br>0<br>0<br>0<br>**0**<br>0<br>268<br>0<br>0<br>268<br>0<br>0<br>0<br>0<br>**0**<br>0<br>0<br>0<br>0<br>0<br>482<br>0<br>0<br>0<br>**482**<br>482<br>0<br>0<br>0<br>482<br>0<br>0<br>0<br>0<br>**0**<br>54<br>0<br>0<br>0<br>54<br>4<br>0<br>0<br>0<br>**4**<br>320<br>0<br>0<br>0<br>320<br>1,440<br>0<br>0<br>0<br>**1,440**<br>2,562<br>0<br>0<br>0<br>2,562|
||37,576<br>0<br>4,200<br>0<br>**41,776**<br>36,462<br>100<br>0<br>0<br>42,058|
||166<br>0<br>0<br>0<br>**166**<br>200<br>0<br>0<br>0<br>200|
||166<br>0<br>0<br>0<br>**166**<br>200<br>0<br>0<br>0<br>200|
||670<br>**670**<br>670<br>670|
||670<br>0<br>0<br>0<br>**670**<br>670<br>0<br>0<br>0<br>670|
|||
||38,412<br>0<br>4,200<br>0<br>**42,612**<br>37,332<br>100<br>0<br>0<br>42,928|



10 



**PAROCHIAL CHURCH COUNCIL OF ST MARY MAGDALENE, GILLINGHAM** 

## **NOTES  TO  THE  FINANCIAL  STATEMENTS (continued) FOR  THE  YEAR  ENDED  31  DECEMBER  2021** 

## **4 Staff costs** 

## **a** 

|**Staf costs**||
|---|---|
|_Wages and salaries_<br>Average number of employees|**2021**<br>2020<br>**£**<br>£<br>0|
||**0**<br>0|



PCC members and all church workers, employed or volunteer, are entitled to claim travelling and other expenses; those claimed are noted in the accounts. 

## **b** _Related party tranactions_ 

There were no reportable payments in respect of PCC members, persons closely connected with them or other parties. The total donations by PCC members was £2,959 

## **5 Tangible fixed assets** 

|**Tangible fxed assets**|||
|---|---|---|
|**Cost or valuation**<br>At 1 January 2021<br>Additions<br>Disposals<br>Revaluation<br>At 31 December 2021<br>**Depreciation**<br>At 1 January 2021<br>Provided in the year<br>Disposals<br>At 31 December 2021<br>**Net book amounts**<br>**At 31 December 2021**<br>At 31 December 2020|Freehold land<br>Church<br>and buildings equipment<br>£<br>£<br>200<br>10,899<br>200<br>10,899<br>8,007<br>482<br>0<br>8,489<br>0<br>**200**<br>**2,410**<br>200<br>2,892|**TOTAL**<br>£<br>**11,099**<br>**0**<br>**0**<br>**0**|
|||**11,099**|
|||**8,007**<br>**482**<br>**0**|
|||<br>**8,489**|
||||
|||**2,610**|
||||
|||3,092|



The freehold land and buildings comprise the plot of land at Sharps Green. 

The value of the plot of land at Sharps Green has been estimated at £200. 

Equipment used within the Church premises is depreciated on a straight-line basis over four years, other than the sound system purchased in 2002 which has now been fully depreciated over ten years on a straight-line basis. Individual items of equipment with a purchase price of £1000 or less are written off when acquired. 

11 



**PAROCHIAL CHURCH COUNCIL OF ST MARY MAGDALENE, GILLINGHAM** 

## **NOTES  TO  THE  FINANCIAL  STATEMENTS (continued) FOR  THE  YEAR  ENDED  31  DECEMBER  2021** 

## **6 Investments** 

|**Investments**|||||
|---|---|---|---|---|
||||£||
|At 1 January 2021||||0|
|Disposals at carrying value|||||
|Purchases at cost|||||
|Net gains and revaluation||||0|
|**At 31 December 2021**||||**0**|
|The following investments are|||||
|held:|Units|Valuation||Value|
|||p|£||
|3.5% Conversion Stock|485.71|0||0|
|||||**0**|



The 3.5% Conversion Stock is held in the Pearce Bequest for the poor restricted fund shown in Note 10. The 3.5% Conversion Stock was redeemed in April 2015, investigations are underway to realise the asset, it is held as ze 

## **7 Debtors** 

|Income tax recoverable<br>Prepayments and accrued income<br>Other debtors<br>**Creditors**<br>**Creditors: amounts falling due within one year**<br>Other accrued expenses<br>Charitable giving<br>Parochial hall deposits<br>Wedding deposits|**2021**<br>2020<br>**£**<br>£<br>**3,087**<br>6,334<br>**0**<br>0|
|---|---|
||**3,087**<br>6,334|
||**2021**<br>2020<br>**£**<br>£<br>**547**<br>1,339<br>**0**<br>0<br>**0**<br>0<br>**1,132**<br>200|
||**1,679**<br>1,539|



## **8 Creditors** 

## **9 Analysis of Net assets by fund** 

|Fixed assets for church use<br>Investment fxed assets<br>Current assets<br>Current liabilities<br>Long term liabilities|Unrestricted<br>Designated<br>Restricted<br>Endowment<br>**Total Funds**<br>Total Funds<br>Funds<br>Funds<br>Funds<br>Funds<br>**2021**<br>2020<br>£<br>£<br>£<br>£<br>**£**<br>£<br>2,610<br>**2,610**<br>3,092<br>0<br>**0**<br>0<br>39,197<br>75,608<br>35,243<br>**150,048**<br>158,814<br>(1,679)<br>0<br>**(1,679)**<br>(1,539)<br>**0**<br>0|
|---|---|
||**40,128**<br>**75,608**<br>**35,243**<br>**0**<br>**150,979**<br>160,367|



12 



**PAROCHIAL CHURCH COUNCIL OF ST MARY MAGDALENE, GILLINGHAM** 

## **NOTES  TO  THE  FINANCIAL  STATEMENTS (continued) FOR  THE  YEAR  ENDED  31  DECEMBER  2021** 

## **10 Statement of funds** 

|**Unrestricted Funds - undesignated**<br>**Unrestricted Funds - designated**<br>Church Repair Fund<br>Bell ringers<br>Choir<br>Ladies Fellowship<br>Printer fund<br>Operational reserve fund<br>Sound system<br>Youth drop in fund<br>Flowers<br>**Restricted Funds**<br>Missions & Charities Fund<br>Choir lighting<br>Organ maintenance<br>Bell chamber repairs<br>Youth activities<br>Training fund<br>Pearce Bequest<br>Alter cloth & linen<br>High Altar Rug<br>Appeal fund<br>**Endowment Funds**<br>Pearce Bequest<br>**Total funds**|Transfers,<br>At<br>other gains<br>**At**<br>1 Jan 2021<br>Income<br>Expenditure<br>and losses<br>**31 Dec 2021**<br>£<br>£<br>£<br>£<br>**£**<br>46,650<br>32,889<br>(38,412)<br>(1,000)<br>**40,128**<br>51,591<br>91<br>0<br>1,000<br>**52,682**<br>3,947<br>0<br>0<br>0<br>**3,947**<br>0<br>100<br>0<br>0<br>**100**<br>177<br>68<br>0<br>0<br>**245**<br>719<br>0<br>0<br>0<br>**719**<br>16,913<br>1<br>0<br>0<br>**16,914**<br>500<br>0<br>0<br>0<br>**500**<br>320<br>0<br>0<br>0<br>**320**<br>111<br>70<br>0<br>0<br>**181**|
|---|---|
||74,278<br>330<br>0<br>1,000<br>**75,608**|
||200<br>0<br>0<br>0<br>**200**<br>1,264<br>0<br>0<br>0<br>**1,264**<br>387<br>0<br>0<br>0<br>**387**<br>209<br>0<br>0<br>0<br>**209**<br>221<br>0<br>0<br>0<br>**221**<br>65<br>0<br>0<br>0<br>**65**<br>43<br>0<br>0<br>0<br>**43**<br>140<br>0<br>0<br>0<br>**140**<br>100<br>0<br>0<br>0<br>**100**<br>36,809<br>4<br>(4,200)<br>0<br>**32,614**|
||39,438<br>4<br>(4,200)<br>0<br>**35,243**|
||0<br>0<br>0<br>0<br>**0**|
||0<br>0<br>0<br>0<br>**0**|
|||
||160,366<br>33,223<br>(42,612)<br>0<br>**150,979**|



The designated funds comprise: 

The Church Repair Fund and Church Hall Repair Fund have been designated by the PCC for the repair of the respective buildings.  The funds are held in deposit accounts with Rochester Diocese Board of Finance; the Church Repair Account contains both unrestricted and restricted funds. 

The Bell ringers and Ladies Fellowship  are funds designated for those organisations and are held in separate accounts. 

The printer fund is designated by the PCC towards a new printer when the current printer needs replacing.  The funds are held in the bank deposit account with some restricted funds. 

The Operational reserve fund was designated by the PCC to meet future net deficits in the general fund if and when they occur.  The money was designated from the proceeds from the sale of the Brasenose investments which was calculated as the amount of insurance costs paid by the general fund in the seven years 2003 to 2009. 

The youth drop in fund was designated by the PCC in 2010 from money raised carol singing. 

13 



**PAROCHIAL CHURCH COUNCIL OF ST MARY MAGDALENE, GILLINGHAM** 

## **NOTES  TO  THE  FINANCIAL  STATEMENTS (continued) FOR  THE  YEAR  ENDED  31  DECEMBER  2021** 

## **10 Statement of funds (continued)** 

The restricted funds comprise: 

The Missions and Charities Fund is for donations received or invited by the PCC specifically for mission and the corresponding giving to charities. 

The Choir Lighting Fund, Organ Maintenance Fund, Bell-chamber Repairs Fund and Youth Activities Fund result from donations received specifically for these purposes. 

The Church Repair Fund and Roof Repair Fund are for grants and donations received specifically for the repair of the church or the repair of the roof.  Significant work was carried out on the church roof in 2009 and with the exception of some monies held over to pay retention fees, the Roof Fund has now been closed. 

Donations to the Flowers Fund, Bell ringers Fund and Training Fund which are restricted to spending on flowers, bells and training are carried forward to the extent they have not been spent on such purposes during the year. 

## **11 Missionary and charitable giving** 

|Alzhiemers<br>Action Aid<br>Friends of Kent Churches<br>Friends of Rochester Cathedral<br>St Barnabas Church<br>Childrens Society<br>NHS<br>Pathways|**2021**<br>**2021**<br>2020<br>2020<br>**£**<br>**£**<br>£<br>£<br>**General**<br>**Restricted**<br>General<br>Restricted<br>**-                  -**-                    -<br>**72**<br>**0**<br>72<br>0<br>**5**<br>**0**<br>5<br>0<br>**10**<br>**0**<br>10<br>0<br>**1,000**<br>**0**<br>0<br>0<br>**0**<br>**0**<br>68<br>0<br>**0**<br>**0**<br>100<br>0<br>**0**<br>**0**<br>100<br>0|
|---|---|
||**1,087**<br>**0**<br>355<br>0|



14 



|cnocode|cnodesc|
|---|---|
|0101|Gift Aid - Bank|
|0110|Gift Aid - Envelopes|
|0150|Gift aid on planned giving|
|0201|Other planned giving|
|0301|Loose plate collections|
|0401|Regular gift days|
|0410|Giving through church boxes|
|0501|One-of Gift Aid gifts|
|0510|Gifts of quoted securities|
|0550|Donations appeals etc|
|0575|Shared Costs - Vicars Expenses|
|0601|Tax recoverable on Gift Aid|
|0701|Legacies|
|0801|Recurring grants|
|0811|Non-recurring one-of grants|
|0901|Fayres|
|0910|Monday drop in|
|0915|Fundraising calendars|
|0920|History of Church|
|0930|Income from printing|
|0940|Other fundraising|
|1220|Bookstall sales - fund raising|
|1240|Church hall lettings - fund raising|
|1245|Church hall lettings - other income|
|1250|Magazine income - advertising|
|1001|Dividends|
|1020|Bank and building society interest|
|1030|Rent from lands or buildings|
|1101|Fees for weddings|
|1111|Funeral Expenses|
|1121|Other wedding fees|
|1131|Wedding and Baptism certifcates|
|1151|Fees for funerals|
|1200|Partership usage of church|
|1205|Sequestration Income|
|1210|Bookstall sales to promote objectives|
|1230|Church hall lettings - objectives|
|1260|Parish magazine sales|
|1302|Choir Income|
|1301|Church Groups income|
|1310|Insurance claims|
|1320|Surplus - sales of fxed assets|
|1600|Wedding suspense account|
|1701|Fees paid to fund raisers|
|1710|Costs of applying for grants|
|1720|Costs of stewardship campaign|
|1730|Costs of fetes & other events|
|1740|Investment management costs|
|1801|Giving to missionary societies|
|1830|Giving - relief and development agencies|
|1840|Global Cares Unit|
|1850|Home mission|
|1870|Secular charities|
|1890|Vicar's discretionary giving|



h1desc h2desc h3desc Incoming reIncoming reVoluntary i Incoming reIncoming reVoluntary i Incoming reIncoming reVoluntary i Incoming reIncoming reVoluntary i Incoming reIncoming reVoluntary i Incoming reIncoming reVoluntary i Incoming reIncoming reVoluntary i Incoming reIncoming reVoluntary i Incoming reIncoming reVoluntary i Incoming reIncoming reVoluntary i Incoming reIncoming reVoluntary i Incoming reIncoming reVoluntary i Incoming reIncoming reVoluntary i Incoming reIncoming reVoluntary i Incoming reIncoming reVoluntary i Incoming reIncoming reActivities f Incoming reIncoming reActivities f Incoming reIncoming reActivities f Incoming reIncoming reActivities f Incoming reIncoming reActivities f Incoming reIncoming reActivities f Incoming reIncoming reActivities f Incoming reIncoming reActivities f Incoming reIncoming reActivities f Incoming reIncoming reActivities f Incoming reIncoming reInvestment Incoming reIncoming reInvestment Incoming reIncoming reInvestment Incoming reIncoming resources from Incoming reIncoming resources from Incoming reIncoming resources from Incoming reIncoming resources from Incoming reIncoming resources from Incoming reIncoming resources from Incoming reIncoming resources from Incoming reIncoming resources from Incoming reIncoming resources from Incoming reIncoming resources from Incoming reIncoming resources from Incoming reOther incoming resourc Incoming reOther incoming resourc Incoming reOther incoming resourc Incoming reOther incoming resourc Resources uCost of genCost of gen Resources uCost of genCost of gen Resources uCost of genCost of gen Resources uCost of genCost of gen Resources uCost of genCost of gen Resources uCharitable activities Resources uCharitable activities Resources uCharitable activities Resources uCharitable activities Resources uCharitable activities Resources uCharitable activities 



|1901|Stipends quota|
|---|---|
|1905|Stipend support|
|1910|Ministry parish share etc|
|2001|Verger Costs etc|
|2040|Sequestration Expenses|
|2050|Salary of parish administrator|
|2101|Working expenses of incumbent|
|2120|Council tax|
|2130|Vicarage expenses|
|2140|Water rates - vicarage|
|2150|Vicar's telephone|
|2170|Education|
|2201|Parish training|
|2251|Parish mission|
|2271|Church Groups expenses|
|2301|Church running - insurance|
|2310|Church ofce - telephone|
|2311|Church ofce - Broadband|
|2315|Choir|
|2320|Organ / piano tuning|
|2325|Organist's salary|
|2330|Church maintenance|
|2331|Church Cleaning|
|2340|Upkeep of services|
|2345|Flowers|
|2350|Upkeep of churchyard|
|2360|Administration|
|2361|Admin - Photocopier rental|
|2362|Admin - photocopier usage|
|2363|Admin - paper|
|2365|Bank errors|
|2370|Visiting speakers / locums|
|2401|Church running - electric|
|2410|Church running - gas|
|2420|Church running - water|
|2430|Church running - materials|
|2440|Church running - heating and lighting|
|2501|Magazine expenses|
|2505|Printer machine expenses|
|2510|Bookstall costs|
|2520|Hall running - waste management|
|2525|Hall running - Caretaker|
|2530|Hall running - casual work|
|2535|Hall running - electricity|
|2540|Hall running - gas|
|2550|Hall running - insurance|
|2560|Hall running - maintenance|
|2570|Hall running - telephone|
|2580|Hall running - water|
|2590|Hall running - Cleaner|
|2595|Hall running - bank charges|
|2701|Church major repairs|
|2710|Church major repairs - installation|
|2720|Church interior and exterior decorating|
|2730|Church reordering project costs|



Resources uCharitable activities Resources uCharitable activities Resources uCharitable activities Resources uCharitable activities Resources uCharitable activities Resources uCharitable activities Resources uCharitable activities Resources uCharitable activities Resources uCharitable activities Resources uCharitable activities Resources uCharitable activities Resources uCharitable activities Resources uCharitable activities Resources uCharitable activities Resources uCharitable activities Resources uCharitable activities Resources uCharitable activities Resources uCharitable activities Resources uCharitable activities Resources uCharitable activities Resources uCharitable activities Resources uCharitable activities Resources uCharitable activities Resources uCharitable activities Resources uCharitable activities Resources uCharitable activities Resources uCharitable activities Resources uCharitable activities Resources uCharitable activities Resources uCharitable activities Resources uCharitable activities Resources uCharitable activities Resources uCharitable activities Resources uCharitable activities Resources uCharitable activities Resources uCharitable activities Resources uCharitable activities Resources uCharitable activities Resources uCharitable activities Resources uCharitable activities Resources uCharitable activities Resources uCharitable activities Resources uCharitable activities Resources uCharitable activities Resources uCharitable activities Resources uCharitable activities Resources uCharitable activities Resources uCharitable activities Resources uCharitable activities Resources uCharitable activities Resources uCharitable activities Resources uCharitable activities Resources uCharitable activities Resources uCharitable activities Resources uCharitable activities 



|2801|Hall + major repairs - structure|
|---|---|
|2820|Hall + major repairs - installation|
|2830|Hall + interior and exterior decorating|
|2840|Hall sale costs|
|2850|Other PCC property upkeep|
|2901|New building parsonage house|
|2910|New building house for curate|
|2920|New building Church|
|2930|New building Hall|
|2950|Depreciation|
|2601|Governance costs examination/audit fee|
|2610|Governance costs - bookkeeping|
|2651|Governance other expenses|



Resources uCharitable activities Resources uCharitable activities Resources uCharitable activities Resources uCharitable activities Resources uCharitable activities Resources uCharitable activities Resources uCharitable activities Resources uCharitable activities Resources uCharitable activities Resources uCharitable activities Resources uGovernance costs Resources uGovernance costs Resources uGovernance costs 



|||sumunr|sumdes|sumres||sumend||thisyear|lastyear|
|---|---|---|---|---|---|---|---|---|---|
|A1||12935|0||0||0|12935|10503|
|A1||2633.8|0||0||0|2633.8|3221.2|
|A2||327.51|0||0||0|327.51|2334|
|A3||0|0||0||0|0|0|
|A4||1219.9|0||0||0|1219.9|1167.98|
|A5||0|0||0||0|0|0|
||0|0|0||0||0|0|0|
|A5||5000|0||0||0|5000|1065|
||0|0|0||0||0|0|0|
|A5||904.63|170||0||0|1074.63|7500|
|A7||1888.1|0||0||0|1888.1|1333.98|
|A6||0|0||0||0|0|2420.61|
|A8||0|0||0||0|0|0|
||0|0|0||0||0|0|0|
|A7||1153.54|0||0||0|1153.54|0|
|A10||2030.06|0||0||0|2030.06|0|
|A12||17.92|0||0||0|17.92|0|
||0|0|0||0||0|0|0|
|A12||0|0||0||0|0|0|
|A12||0|0||0||0|0|0|
|A12||1399.97|0||0||0|1399.97|2165.98|
|A12||0|0||0||0|0|0|
|A9||0|0||0||0|0|0|
||0|0|0||0||0|0|0|
||0|0|0||0||0|0|0|
|A13||0|0||0||0|0|0|
|A13||0.06|91.89||3.65||0|95.6|196.03|
||0|0|0||0||0|0|0|
|A14||600|0||0||0|600|476|
|A14||0|0||0||0|0|41|
|A14||772|0||0||0|772|290|
|A14||54|0||0||0|54|14|
|A14||1143|0||0||0|1143|1202|
|A17||140|0||0||0|140|280|
|A20||0|0||0||0|0|0|
||0|0|0||0||0|0|0|
|A17||0|0||0||0|0|0|
|A15||0|0||0||0|0|0|
|A19||0|0||0||0|0|0|
|A19||0|68||0|||68|122.41|
|A18||0|0||0||0|0|362.8|
||0|0|0||0||0|0|0|
||0|0|0||0||0|0|0|
||0|0|0||0||0|0|0|
||0|0|0||0||0|0|0|
|B1||0|0||0||0|0|53.54|
|B2||165.99|0||0||0|165.99|200|
||0|0|0||0||0|0|0|
|B3||0|0||0||0|0|0|
|B3||0|0||0||0|0|140.35|
|B3||0|0||0||0|0|0|
|B3||785|0||0||0|785|215|
|B3||82|0||0||0|82|0|
|B3||0|0||0||0|0|0|





|B5||0|0|0|0|0|0|
|---|---|---|---|---|---|---|---|
|B5||0|0|0|0|0|0|
|B4||17334.96|0|0|0|17334.96|15890.38|
|B8||61|0|0|0|61|0|
|B23||0|0|0|0|0|0|
|B16||0|0|0|0|0|0|
|B6||996.94|0|0|0|996.94|1209.71|
|B7||2243.32|0|0|0|2243.32|2667.98|
|B7||144|0|0|0|144|224.12|
|B7||126.12|0|0|0|126.12|0|
|B6||244.56|0|0|0|244.56|334.12|
|B12||0|0|0|0|0|0|
|B12||0|0|0|0|0|90|
|B12||129.53|0|0|0|129.53|273.8|
|B17||0|0|0|0|0|268|
|B10||4744.66|0|0|0|4744.66|4748.25|
|B16||0|0|0|0|0|485.02|
|B16||423.64|0|0|0|423.64|0|
|B9||0|0|0|0|0|0|
|B9||0|0|0|0|0|0|
|B9||0|0|0|0|0|0|
|B10||2983.57|0|360|0|3343.57|738.09|
|B10||16.35|0|0|0|16.35|14.68|
|B9||112.23|0|0|0|112.23|714.74|
|B9||0|0|0|0|0|0|
|B10||0|0|0|0|0|0|
|B16||1121.98|0|0|0|1121.98|25|
|B16||702.12|0|0|0|702.12|1212.24|
|B16||225|0|0|0|225|288|
|B16||0|0|0|0|0|0|
|B16||0|0|0|0|0|0|
|B6||85|0|0|0|85|106.3|
|B10||890.25|0|0|0|890.25|396.31|
|B10||2036.08|0|0|0|2036.08|3283.18|
|B10||67.12|0|0|0|67.12|64.12|
|B10||0|0|0|0|0|0|
|B10||0|0|0|0|0|23.76|
|B13||95.5|0|0|0|95.5|0|
|B16||0|0|0|0|0|0|
||0|0|0|0|0|0|0|
|B14||0|0|0|0|0|0|
|B14||0|0|0|0|0|0|
|B14||0|0|0|0|0|0|
|B14||0|0|0|0|0|0|
|B14||0|0|0|0|0|0|
|B14||0|0|0|0|0|0|
|B14||0|0|0|0|0|0|
|B14||0|0|0|0|0|0|
|B14||0|0|0|0|0|0|
|B14||0|0|0|0|0|0|
|B14||0|0|0|0|0|0|
|B18||0|0|0|0|0|0|
|B18||0|0|0|0|0|0|
||0|0|0|0|0|0|0|
|B11||0|0|3839.65|0|3839.65|5228.04|





||0|0|0|0|0|0|0|
|---|---|---|---|---|---|---|---|
||0|0|0|0|0|0|0|
||0|0|0|0|0|0|0|
|B15||0|0|0|0|0|0|
||0|0|0|0|0|0|0|
||0|0|0|0|0|0|0|
||0|0|0|0|0|0|0|
||0|0|0|0|0|0|0|
||0|0|0|0|0|0|0|
|B19||482|0|0|0|482|482|
|B20||3.5|0|0|0|3.5|320|
|B21||1440|0|0|0|1440|2561.58|
|B22||0|0|0|0|0|0|