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.

## **adventus accounting solutions** Supporting Charitable Organisations 

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. 

adventusaccounting@btinternet.com         07523 622979        www.adventusaccounting.wixsite.com/website 



## **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: martyn.burt@btinternet.com  or adventusaccounting@btinternet.com Telephone: 07523 6229679 

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