2020-12-31-accounts

St Geor e's Gravesend ANNUAL REPORTOF THE ST GEORGE'S, GRAVESEND PCC For the Year Ended 31st December 2020 Incumbent: The Revd Jim Fletcher of 54 The Avenue. Gravesend, DAII OLX Honorary Treasurer: Gerald Payne Honorary Independent Examiner: Martyn Burt Bankers HSBC- 84 New Rd, Gravesend DAII OAS

ANNUAL REPORT 2020-21 Back round St. George's Parochial Church Council IPCCI has had the responsibility of co-operating with the incumbent, Revd Jim Fletcher and the Church Wardens, in promoting in the ecclesiastical parish the whole mission ot the church,. pastoral, evangelistic, social and ecumenical. It also has maintenance responsibilities for the church complex of St George, Gravesend. The PCC has complied with the duty to have due regard to the House of Bishops. guidance on safeguarding children and vulnerable adults. and a safeguarding update is provided to PCC at alternate meetings. The PCC has also had regard to the Charity Cornmi55ion public benefit guidance. where relevant. Administrative Information The St George's Parochial Church Council is part of the Diocese of Rochester within the Church of England. The correspondence address is= 54 The Avenue, Gravesend. DAII OLX. The PCC is a registered charity with the Charity Commission under iegistration number 1132757. Structure Governance and Mana ement The function and purpose of the PCC is outlined in the Parochial Church Council (Powers) Measure 1956 Membershi Members of the PCC are either ex officio or elected at the Annual Parochial Church Meeting IAPCMI, in accordance with the Church Representation Rules. Up to two co-opted member5 may also be appointed to serve on the PCC for a year at a time. Tb.ere is also provision for an ex officio post of Reader Representative. Treasurer and PCC Secretary are ex officio posts. During the year the following have served as members of the PCC. Ex Officio: Incumbent Revd Jim Fletcher Chairman Curate Revd Mike Nelson luntil October 20201 Children and Families worker Emma Oliver Wardens Neil Fisher Denise Birch (from October 20201 Deanery Synod Neil Fisher Fiona Elford Neege Allen 2017- 2020 2017- 2020 2020- 2023 Treasurer Gerald Payne PCC Secretary Emmie Iferi

Elected: Colin Nice Neege Allen Eunice Gooding Darren Shilling David Webzell Jeannie Baldwin David Cadwallader Jean Ault Andy Hicks Charles Byrom 2017- 2020 and cLFopted from Oct '20 2020- 2023 2020- 2023 2018- 2021 2018- 2021 2018- 2021 2018- 2021 2018- 2021 2020- 2023 2020- 2023 Commrttees The PCC operates through a number of committees that meet between full meetings of the PCC. Ministry Team: Meets to discuss services. liturgy. courses, pastoral issues and to pray. Finance and Standing Committee: This is the only committee required bylaw and the only group that needs to be composed exclusively of PCC members. It has the power to transact the business of the PCC between its meetings, subject to any directions given by the Council. It also makes recommendations to the PCC on matters of finance, buildings and employees of the church. And effective stewardship of Church funds and addressing projected f in2nci21 shortfalls. Fundraising and Events Committee: Seeks to encourage fellowship in the life of our church and to organise events to which we can invite family and friends. Buildings Committee: Concerned with the upkeep and maintenance of the Church, Hall and E?rdens. Mission and Outreach Committee: Seeks to improve links with partners and mission and recommends to the PCC how the away giving should be allocated for the year. Development Committee: Acti ng as a link between the church and interested parties in the proposed re-development of the town centre. Vision Team: Formed at the end of 2019, the Vision Team were to present a new 'Vi5ign' to the PCC and congregation in line with the Diocesan recommendation offorming a 'Called to Grow, plan. This was hampered due to the pandemic and the APCM (where the Vision presentation was to happen) being postponed. The pandemic ha5 got Us re-evaluating our priorities.

Church Attendance St George's Electoral Roll numbers are 85 people Due to the pandemic we are unable to calculate average Sunday numbers. as the Church has been closed at various occasions this year, and fflany people have watched the services online via our Website and Facebook page. Review of the Year Where to startl It's been quite a year as St George's (like all Churches) have had to react to being caught up in a Pandemic. The regular groups, committees and activities of Church life have all been 'on hold, whilst three different lockdown periods have occurred, and the Church building has needed to be closed. However, the opportunity to be creative meant we could begin to film Church services and from August 2020 Starting to livestream. This has kept many people connected, and we have also gained many new people online. A big thank you must go to Darren Shilling for his time, knowledge, commitment and equipment to making this possible. As we have been reliant on Darren's equipment, we have applied for some grant money to try and buy our own to continue livestreaming. In between the lockdown period5, the Church was able to be open but under Covid-regulations. This meant chairs at 2m apart. mask wearing, no singing and little congregating at the end of the service. This led to a very different feel to the services in Church, and many chose to stay at home to watch online (also for safety reasons for those in the vulnerable category). A big thank you to our Churchwardens for adapting to these new procedures and doing so much of the practical work attached with this. Sadly, the Church hall has been closed throughout the pandemic, which means much of the Church's regular revenue has been lost, ar)d so many community groups have been unable to meet safely in this space, including our own Church groups. DLse to this, we had to furlough our Children and Families Worker. Emma Oliver, and our Organist, Martin Beech, for a number of weeks. Since returning though. Emma h35 been able to start a Zoom Sunday Service and weekly groups for Children and Families which is proving successful. We sadly had to say goodbye to our Curate, Revd Mike Nelson who moved in October to take up his first incumbency at Twydall. Mike will be missed by us all but it has been a privilege to be part of his training and development, and l am sure will be a great success in his new challenge. We received news during the year that we will receive a new Curate in Sept 2021 and look forward to welcoming Mark Edwards and his family to the Parish. The world of 'Zoom' has been discovered this year. with all Church meetings needing to happen this way. The PCC met 6 times in this period, and with diocesan permission, the APCM was postponed until October 2020. There have also been many'zoom, meetings with 'Reef as discussions about the Gravesend Town Centre regeneration, and the impact on our Church have reached a critical stage as work should be starting this year. A new Church Hall is promised and our development committee have worked very hard collaborating with 'Reef' to get the best possible design and outcome. This 15 currently ongoing. Careful and efficient stewardship of finances has again been characteristic of decision-making in the PCC, and issues of finance and fundraising have been discussed at all rneetings. Thanks to Gerald Payne and Colin N ice for their expertlse in this field. Thanks are also extended to those who have contributed expertise in building matters, particularly in relation to the current church hall, and to Neil Fisher for all his organisation with hall bookings. Thank you also to Pat Broad and Ali50n Webzell with doing such an efficient job with Safeguarding procedures. We also had to be creative with our fundraising. a successful Zoom Auction and Quiz was held in November. Revd Jim Fletcher completed a sponsored prayer Advent walk. and also raised money for '5anctu3ry' with a

sponsored sleep-out. There were also f undraisers for Christian Aid throdghout the year too. 53dly our Summer and Christmas Fairs could not be held due to the pandemic. However, a successf ul railway exhibition f undraiser was held before the first lockdown and our annual gift day also bore much fruit. The pandemic has also delayed the presentation of a new Ilision. for St George's and Starting 'Places of Welcome. and a new Youth Group have been postponed. Finance Re ort General In common with other churches Covid 19 has affected St George's greatly this year and it has been a difficult and challenging year financially. Faced with a potential huge reduction in revenue, steps were taken to rnitigate the reduction by paring expenditure much a5 P055ible. Services re-commenced in mid August with much reduced capacity. From 23, March however, all services were transmitted live though Facebook. with each service subsequently being available on the church website. Gross Funds Our gross funds (including the value of our property) have reduced by anprox. £7.4K to £826,911 {from £834.3K in 20191. £4K of this is due to the redurtion in the valuation of our curate's house. There was also a def icit on the year of income over expenditure of £5.3K. a better outcome than had been anticipated earlier in the year. Because of the uncertainty of the financial prospects, in April the church successfully applied for a potential diocesan loan of £IOK. Fortunately it has 50 far not been necessary to call upon this money. Income Overall income was £106,639. a reduction ofthe 2019 figure of £128.7K. Fortunately, with approximately 75% of voluntary giving being made by standing order, these contributions continued throughout the year. While 'loose plate. giving was greatly reduced, a number of small sums of money were received through the 'Just Giving, platform. There was also a significant reduction in the number of envelopes received though several parishioners were able to forward their giving. Key f undrai5ing activities were10st, though two successful activities late in the year helped offset these105ses. Significant hall lettings money was also lost through the closure of the Hall and general donations were much reduced. The annual church Gift Day, again to cover the costs of employing our C4ildren and Families Worker, was held in lune and was very well supported with the target sum being reached. Expenditure Expenditure for the year totalled £111.905, reduced from £127.7K in 2019. A significant £9K saving was made by reluctantly deciding to cancel our annual 'Outward Giving, budget. Our Children and Families Worker was furloughed from mid-may until late Septpmber, as was our organist. Other savings were made commensurate with the church and hall largely being closed (fuel. etcl. Work finally began on the p12nned improvement5 to the Garden of Rememorance with the cost being funded by the Barbara Tyman Fund. The remaining trustee of this fund had indicated that the remaining £5K in the fund should re-designated for use for a particular identified church project. The initial payment of £1,175 was met by the transfer of funds. Fund Raising A very successful Model Railway Exhibition was held in February raising over £IK. Gift Day raised the targeted £24.5K and in December, our rector's sponsored walking and a Zoom auction raised £4K between them.

Investments With our current account bank balance beginning to fall to a dangerously low level and with the prospect of little improvement during the first half of 2021 at least. the PCC decided to encash some of the church investments. The Endowment Fund holding of £6,053 was completely closed (these funds being intended for use toward5 the incurnbent's income). A further £8,295 was encashed from the GravGeo Ascot Fund. These funds are intended for use towards the Curate house, 105 Wrotham Road. Since the property was refurbished in 2013, this sum of money has been spent on repairs and maintenance to the property which hitherto has not been transferred. While the remaining investments increased in value, the value of the holding ha5 now reduced from £36.IK to £23.6K. Church Hall The church hall was c105ed on 23rd March. reopening in October on Sunday mornings to enable a service for children and their farnilies to be held. Lettings income totalled £6.8K while expenditure totalled £6.5K leaving a very small surplu5. Curate's House, 105 Wrotham Road Despite its continued very good condition. the property was valued in December at £330.O¢XI, a reduction of £5K from the previous year. The church owns an 80.72% share of the property, resulting in a value to the church of £266,376. pcc One week prior to each of the six PCC meetings during the year, the year-to-date accounts are sent to each PCC member in order to allow sufficient time for them to be read and to enable points for clarification to be identified for raising at the subsequent PCC meeting. During 2020 voluntary giving by PCC member5 totalled £21,556. 2021 The budget for 2021 has been drawn up with an assumption of some degree of'normaliv from July 2021. Necessary Savings have been included in the budget to reduce the potential deficit of income over exp. with the budget indicating an income of approx. £102.3K and expenditure of £108.2K. The resulting annual def icit of £5.9K should be manageable with the current level of bank account balance and the savings account 1£19.2KI that the church has. Financial Viabilitv At the end of 2020 the 'cash at bank and in hand, totalled £77.061. This total is in excess of the minimum desired threshold in our reserves policy Ibelowl in which, if possible. sufficient money to cover at least three months, unrestricted payments should be held. Reserves Policy It is PCC policy to maintain a balance on unrestricted funds {if possible), holding at least three months, unrestricted payments, to cover emergency situations. Future Plans and Concerns: Future plans and concerns will be shared at our APCM in May. Much of this will depend on where the nation will be at the time with the pandemic and vaccinations. Everyone has found it difficult to plan in to the future

when we do not know what we can and cannot do with government restrictions. We do know that the redevelopment ot Gravesend town centre and a new hall for St George's will be a major piece of work which may well start this year. We still hope to open our'Place5 of Welcome, as 500n as we can. And much of our f uture planning and concerns will relate to how our community reart to the events of the last year. Having the Church open as much a5 P055ible 15 going to be key to identifying people's needs more. and we wish to continue livestreaming our services to keep connected to our online community. How the pandemic kias affected our finances is a huge concern, so more imaginative ways to stewardship and fundraising will be needed. We also look forward to welcoming our new Curate, Mark. Risk Mana ement: Risk assessments and inventories of f ixtures, fittings. property and belonging5 have been completed at the ChLArch and Hall. The Safeguarding Policy is in operation. implemented by our Safeguarding representative and monitored by the PCC. Quinquennial repair work continues under the management of the PCC'S Buildings Committee in order to ensure the safety of the buildings and maintain these in good order. A quinquennial for the Church is due this year. th Approved by the PCC on 8 March 2021 and signed on its behalf by the Revd Jim Fletcher (Rector)

STATEMENT OF FINANCIAL ACTIVITIES PAROCHIAL CHURCH COUNCIL OF ST GEORGE, GRAVESEND STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020 TOTAL Un¥estricied F¢estricted EndoVffl￿nt FUNDS Funds Funds Funds 2020 TOTAL FUNDS 2019 Notes Incorning and endownments Voluntary income Aclivities forgeneraling funds Income from investments Church aclwrties Olherincome 73.807 16.307 11,453 4.519 290 74.097 16.307 11,716 4,519 86,128 27,570 11.645 3.318 2b 2c 263 2d 2e 1[￿.086 553 106.639 128,661 Expenditure Church activities Raising funds Total resourGe5 expended 3a 108,980 2.925 111.905 108.980 2,925 111.905 125.427 2.259 127.686 3b Net incominglloutgoingl resources Transfers between fvnds lin} Transfers be￿en funds lo￿) 15,819) 40,446 {24.803) 553 15.2651 40,446 15,249 140.4461 115.2491 975 114.468} 11.1751 Net incominglloutgoingl resources GainsJlloss¥7S) on rev8ltsation of fixed assets Gaing(losses) on investment assets Other recognised gainsllosses Net movement in funds 9.825 14.0361 113.9151 11,1751 15,2651 14,0361 1,920 975 1.202 719 4,810 5,789 112.7141 (4561 17,3811 5,785 Total funds brought lorwar(J at 1 January 2019 788.221 27.105 18,966 834.292 828,507 Totsl funds ca￿led fornard at 31 Decembèr 2019 794.010 14.391 18.510 826,911 834,292

PAROCHIAL CHURCH COUNCIL OF ST GEORGE. GRAVESEND BALANCE SHEET AT 31 DECEMBER 2020 Noles 2020 2019 Fixed assets Tangible fixed assets 724,376 728.412 Investments 23.625 36,053 Total fixed assets 748.001 764.465 Dèbtors Short term deposits Cash cit bank and in hand 3.515 4,918 77,061 80.576 65.885 70,803 Creditors. amounts falling due within one year 11.6661 Net current assets 78.910 70,803 Total assets less current liabilities 826,911 835,267 Credilors.. amounts falling due after one year -975 NET ASSETS 826,911 834,292 Funds Endowment funds 10 18,510 18,966 Restricted funds 10 14,391 27.106 Designated Funds 10 761,149 758,214 Unrestricted fund5 32,861 30.007 826,911 834.292 Approved by the Parochial Church Coiincjl on 23rd May 2021 and signed on its behalf The Revd Jim Fletcher Chairman Gerald Payne Treasurer The accompanying notes form a part.-! these financial statements.

PAROCHIAL CHURCH COUNCIL OF ST GEORGE. GRAVESEND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 1. Accounting policies a Basis of preparation The financial statements have been prepared in accordan￿ with the Church Accounting Regulations 2006 together with applicable accounting standards and the Charities SORP120051. The financial statements have been prepared under the historical cost convention. except for the valuation of investment assets'which are shown al market value. The financial statements include all Iransaclions, assets and liabilities for which the PCC is responsible in law. They do not Include the accounts of church groups that owe their main affiliatson to another body. nor Ihose which are Intormal b Funds Funds held by the PCC are.. Unrestricted funds - general funds which can be used for PCC ordinary purp05es Designated funds - monies sel aside by the PCC oul of Ufirestr￿ed ftsnds for specifi'c future purposes or projects. Restricted funds - al income from trusts or endowments which may be expended only on those restricted objects provided in the lenns of the trust or bequest. bl donations or grants received for a specific object or invited by the PCC for a specific obiect. The funds may only be expended on the specific obiecl for which they W¢&re given. Any balan￿ remaining un¢?pent al the end of the year is carried forward as a balance 01) that lund. Endowment funds - lunds the Lapilal of which must be maintained, only income arising from the investment of the endowment -1.1ay be used. either as restncted or unrestricted funds, depending on the purpose sel out in the terms otr the original endowment c Incoming resources All incoming resources are accounted for gross. Voluntary income Collections are recognised whpn received. Planned giving receivable is recognised only when received Income tax recoverable on Gift Aid donation5 is recognised when tb.e income Is recogn5sed Gr31Jts and legacies are recognised when the PCC is legally enthled to the amount due. Income Irom investments Dividends are accounted for w￿,en due and payable Interest enlitlemenls are accounted for as they accrue All other income All other income Is recognisee .￿hen rt Is re￿1Vable. Gains and losses on investmp.nts Realised gains are recrynised 'Nhen the investments are sold. Unrealised gains ar¢d losses cl,": accounted for on revaluabon on 31 De￿Mber.

PAROCHIAL CHURCH COUNCIL OF ST GEORGE. GRAVESEND NOTES TO THE FINANCIAL STATEMENTS Icontinuedl FOR THE YEAR ENDED 31 DECEMBER 2020 d Resources used Resources expended are accounted for on an accruals basis and are accounted for gross. Grants Grants and donations are aC￿Unted for when paid over. or when awarded where the award creates a binding obligation on the PCC. Church Activities The diocesan parish contnbution is accounted for when paid. Any parish contribution unpaid at 31 December is Provided lor in these accounts as an operational Ithougli not a legall liabilty and is shown as a creditor in the balance sheet_ e Fixed Assets Tangible fixed assets Consecraled and beneficed property of any kind is excluded from the accounts by s.10121 of the Chanties Acl 2011_ Movable chuich furnishing helo by the Reclor 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 Inventgry which can be Inspected. For inalienable propety acquired prior lo 1 January 2006 there Is insuffici*nt cost infomiation available and therefore such assets are not valued in thè accounts. Individual items dcquired since 1 January 2006 have tteen capitalised in the a¢¢ount5 and depreciated ovei their useful economic life (S￿ belowl- All expenditure on con5ecraled or beneficed buildings and individual Items costing under £1000 are wntten off in the year they werc Incurred. Depreciation Depreciation is Calculated lo write down the cosl of tangible fixed assets. excluding freehold properties, over their expected useful lives. The rates generally applicable are. Fixtures and fittin9S Computer equipment 25°/o slraighl lin 25.14> Straight line No depreciation is provided on Ireehold property as it is the PCC'S policy to maintain these assets in a continual stale ol sound repair The useful economic life of these assets Is so long and resiclual values so high that any depreciation wjuld not be material. These assets will be subject lo annual impairment reviews ProVis￿n will be made If there has been any permanent diffiinubon in value. Investments Investments are slated at markel value al the balance sheet dale. Current Assets Amounts owing lo the PCC at J1 December in reS￿cl of fees. renls or other income are shown a debtors less provision for amounts that may prove uncollectible Short-lerm deposits include cash held on deposit erther wth the CBF Church of England Funds. or al the bank.

PAROCHIAL CHURCH COUNCIL OF ST GEORGE. GRAVESEND NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2020 2 Incoming resources TOTAL Unrestricted Restricted Endowment FUNDS Funds Fijnds Funds 2020 TOTAL FUNDS 2019 Voluntary income Planned giving gift aid Other planned giving Collections Donations and appeals Gift Aid - income tax recoverable Grants Legacies 44.450 5.461 1.553 6.375 12,042 2.175 1.750 73.807 220 20 44,670 5,481 1.553 6,375 12.092 2.175 1,750 74,097 42,168 3,972 14,718 7,562 13,032 4,675 50 290 86.128 b Activities for generating funds Church hall lettings to non church organisations Fetes, bazaars and other fund-raising events Magazine advertising Use of photocopier 6,890 9.405 6,890 9,405 19,228 8,279 12 16.307 12 16,307 64 27.570 c 1nvestmp.nt income Rental cf investment property Dividends and Interest 10.420 1.033 11,453 10.420 1,296 11.716 10,258 1,387 11,645 263 d Income from Church Activit￿S Chaplaincy l Baptisms Fees from weddings. funerals etc Church lettings lo church organisalions Bookstall, magazine sales - linked lo chilrch 29 3.275 4.464 4,464 55 4,519 55 4.519 3,318 e Other Incoming resources Insurance claims Total incoming resources 11￿.086 553 106,639 128.661

PAROCHIAL CHURCH COUNCIL OF ST GEORGE. GRAVESEND NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2020 3 Resoufces expended TOTAL unrests￿ed Restricted Endowment FUNDS Funds Funds Funds 2020 TOTAL FUNDS 2019 Church Activities Missionary and charitable giving". Overseas". Home. 4,750 4,607 20 20 Ministry costs. Diocesan Parish Contr5'bution Working expenses Rectory expenses Assistant Staff Church running expense5 Church maintenance Upkeep of services Upkeep of churchyard Parish magazine Training costs Church hall running costs Salary costs Development ol new hall Administration (incl IE feel Depreciation Propety costs ,800 2.304 4.187 18,291 10.974 1.037 1.129 1.175 155 56,800 2,304 4,187 18,291 10,974 1.037 1.129 1.175 155 18 6,499 4.507 47,200 2.404 8,635 25,588 10,390 147 2,274 135 285 11,000 5,751 6.499 4.507 1,881 1.881 2,261 108,980 108,980 125.427 b Raising Funds 105 Wrolham Road running costs 105 Wrotham Road management fees Stewardship costs Fund raising costs 1.150 1.775 1,150 1,775 791 1,587 -118 2.925 2,925 2.259 Total resources expended 111.905 111.905 127,686 Panp

PAROCHIAL CHURCH COUNCIL OF ST GEORGE. GRAVESEND NOTES TO THE FINANCIAL STATEMENTS Icontinuedl FOR THE YEAR ENDED 31 DECEMBER 2020 4 Stsff costs 2020 2019 Wages and salaiFes 22.763 28,767 Dur￿ng the year the PCC employed a full ti¥ne Children & Famity Worker (CFW), a part-time organist and an administrator. PAYE deductions weie ¥nanaged by an extetnal ￿Mpany. Our CFW salary was £24,500 and employer's pension paytnents totalled £1,013. No Ml contributions were payable. Quring furfough we received in respect of our CFW and oiganist govemment CJRS grants of £7,176 and £543 iespectively. b Payments to PCC memb& No payments were made to any PCC member. petsons connected to them or related parties. The lot312020 onalions made lo the PCC by PCC members and related parties. inc Gift Aid was £21.$56 {£17,653 in 20191 5 Tangible fixed assets Freehold land Churth and buildings equipment TOTAL Cost or valuation Al 1 January 2020 Additions Disposals Revaluation Al 31 De￿rnbeT 2020 728.412 728.412 4,036 4.376 4,036 4,376 Depreciation At 1 January 2020 Provided In Ihe yeai Disposals At 31 De￿mber 2020 Net book amounts At 31 December 2020 724,376 724.376 At 31 Decembei 2019 728.412 728.412 The freehold land and buildings comprise the curate's house al 105 Wrotham Road. Gravesend, and the Church Hall 105 Wrotham Road has been valL',ed for the PCC at £330.(M)0131 Decembef 2019 £335.0001. The PCC owns 80.72°A ol this prtsperty with 19.28￿￿ owned by the D¥ocese The dedaration of trust Tn relalion to this property between the PCC and the Diocesp allows foi the PCC'S share ol ihe nel prcceeds arising on sale of the property to be applied to the gene,'al Income ol Ihe PCC. The asset is therefore shown as L+nrestricted. The church hall is difficult to valu> as 3 iesull ol the Thameside TedevelOpTr￿nI and therefore for the purposes of these accounts the Insurance iialue of £458.(KJO has been used al both tFie beginning and end ol Ihe accounting penod. 6 Investments Units Valuation Ip} At 1 January 2020 Disposals at cairying value Purchases at cost Net gains and revaltJ8tson At 31 Oecember 2020 -14.348 1.920 23,625 The following Investments are held.. Units Valualion Value C8F COE Fixed Interest SecurrtlES Fund (income units) CBF COE Investment Fund COIF Charities Investmenl Fund 3,709 436 466 169 62 2,048 73 1.801.14 6.291 8,940 8,393 23.825 All Ihe Investment5 are held in re. Iricted or endowtnent funds as analysed ,n Note 10 Pano 7

PAROCHIAL CHURCH COUNCIL OF ST GEORGE. GRAVESEND NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2020 7 Debtors 2020 2019 Income tsx recoverable Prepayments and accrued income Other debtors 3,357 159 3,337 537 1,044 14,772 3,515 8 Creditors- amounts falling due in one year 2020 2019 Accruals for utilities and other costs Diocese share of rental income Other creditors 816 975 850 1,666 975 Creditor5: amounts falling due after more than one year 2020 2019 Analysis of Net assets by fund Unreslricted Ftjnds Restricted Endowment Total Funds Total Funds Funds Fund5 2020 2019 9 Fiyed assets for church tjse Investment fixed assets Current assets Currènt Iiabililies Long term liabilities 724,376 724,376 23,625 79,726 1816) 728,412 36,053 70,803 {9751 8.940 5.451 14.685 3,825 70.450 18161 794,010 14,391 18.510 826.911 834,292

PAROCHIAL CHURCH COUNCIL OF ST GEORGE, GRAVESEND NOTES TO THE FINANCIAL STATEMENTS Icontinuedl FOR THE YEAR ENDED 31 DECEMBER 2020 10 Statement of lunds Transfers, other gains At Expenditure and losses 310ec 2020 At 1 Jan 2020 Income Unrestricted Funds - undesignated 30,007 82,517 192.7981 13,135 32,861 Unrestricted Funds - designated Church Repair Fund Church Hall Repair Fund Church Hall Fixed Asset Bellringing 105 Wiolham Road Repair Fund 105 Wrolham Road Fixed Asset Children's Worker 16,276 11.326 458,000 174 118 270.412 1.908 758.214 52 36 1,280 1,019 17,608 12,381 458.000 174 671 266,376 5,939 761,149 552 14.0361 {3421 11,607 22.630 22.719 118.2571 118.2571 Restricted Funds Barbara Tyrnan Memorial Fund Charities Account Endowment Gravgeo Ascol Pathlinders Towrr Restoration Fund Whlp l_et The Dads Out 87 1.636 5.789 16,298 899 1.905 492 27.105 20 243 107 1.879 15.7891 17.3581 8,940 899 1,905 662 14,391 290 553 {1201 113.2671 Endowment Funds Barbara Tyman Memorial Fund C H Bowen Legacy J Russell for pixir Legacies Miss Mabel McLaren St James School Fund 5,000 778 7.889 1.339 2.620 1.340 18.966 11,1751 27 505 47 92 47 14561 3.825 806 8,393 1,386 2,712 1,387 18,510 Total funds 834.292 105.789 {111.0551 11.019 826,911 The Church RepaiT Fund, Church Hall Repair Fund. 105 Wrotham Road Rf&gair Fund are deposit accounts held with Rochester DioTrse Board of Fir.ance and have been designated by the PCC for the repair ol the respective buildings. £7.358 was withdrawn from the Gravgeo Ascot Fund lo offset Cost of maintenance to the Curate's house In recent years. The Endowment Fund was ck)sed with the money d-.ed to offset some stipend costs of our rector durin9 the year

PAROCHIAL CHURCH COUNCIL OF ST GEORGE, GRAVESEND NOTES TO THE FINANCIAL STATEMENTS {continued FOR THE YEAR ENDED 31 DECEMBER 2020 10 Statement of funds (continued) The restricted funds comprise: The Endowment fund which is restricted for use towafds the incumbent's income. The Endowment fund is invested in 302 units in Ihe CBF COE Investment Fund. The Gravgeo Ascot Fund which is restricted for use towards the house al 105 Wrotham Road. The Fund was invested in 380 units in the CBF COE Investment Fund but procee.ds from the Dorts Law fund have been added to Ihe holding. The Charities Account which is rp.strided to charrtable giving. The account is funded from the interest on the J Russell for poor fund_ The Church Tower Restoration fund which was commenced in 2CK)8 lo raise fLbnds for the restoration of the church tower. The Barbara Tyman Memorial fund. with funds available to be used for a project approved by the PCC_ 'Who Let The Dads Out. is a holding account for an activily group for children and their falherslmale carers The endowment funds comprise The C H Bowen legacy fun(J which is invested in 475 units in the CBF -oE Fixed Incoffle Securities Fijnd. Income is used for general purpK)5es. The Miss Mabel McLaren fund which is invested in 1599 untis in the CBF COE Fixed Income Securities Fund. Income is used for general purposes. The St James School lund which is invested in 818 units in the CBF COE Fixed Income Securilies Fund. Income is used for geneial purposes. The Legacies fund which is inve.sted in 817 units in the CBF COE Fixed Income Securities Fund. Income is used for general purposes. The J Russell for tK)01 fund whick is invested in 466 unrts in the COIF .=harities Inveslment Fund_ Irbcome is restricted to charitable giving. Trie Barbara Tyman Memonal fund which is lunded Irom a donation received in 2008. The capital Is held in a depos11 account with Rochester Diocese Board of Finance and the income is restricted lo the training nbeds of members of St George's. The Pathfinders Fund is a holdinq account lor the church youth club irto which weekly subs are paid and from the proceeds new equipmeTrt is purchased. This club Is not curreiilly active.

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6 February 2021

Independent Examiner’s report to the Member/Trustees of Gravesend St George PCC

I report on the accounts for the year ended 31 December 2020 which are set out on the pages following.

Respective responsibilities of the Trustees and Independent Examiner

The church’s trustees are responsible for the preparation of the accounts. The church’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

It is my responsibility to

• Examine the accounts under section 145 of the 2011 Act;

• Follow the procedures laid down in the General Directions given by the Charity Commissioners section 145(5)(b) of the 2011 Act; and

• State whether particular matters have come to my attention.

Basis of Independent Examiner’s Statement

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from 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.

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Independent Examiner’s statement

Since the gross income for the year exceeds the amount provided in section 143(3) of the Act, I confirm that I am qualified to act as an Independent Examiner under the provisions of that section of the Act and that my qualifications are set out as below.

In connection with my examination, no matter has come to my attention:

• (1) which gives me reasonable cause to believe that in any material respect the requirements

• to keep accounting records in accordance with section 130 of the 2011 Act; or

• to prepare accounts which accord with these accounting records have not been

• met; or

• (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Yours sincerely

Martyn Burt

B.Sc.(Hons), ACMA, CGMA

adventus accounting solutions Ashby Acres Chapel Lane Ashby-cum-Fenby Grimsby DN37 0QT

e-mail: [e-mail] or [e-mail] Telephone: [phone]

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