## St George’s, Gravesend ANNUAL REPORT OF THE ST GEORGE’S, GRAVESEND PCC For the Year Ended 31[st] December 2021 ## **Incumbent:** The Revd Jim Fletcher of 54 The Avenue, Gravesend, DA11 0LX **Honorary Treasurer:** Gerald Payne Honorary Independent Examiner: Martyn Burt Bankers HSBC - 84 New Rd, Gravesend DA11 0AS 1 **- ANNUAL REPORT 2021 22** ## **Background** St. George's Parochial Church Council (PCC) 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 of 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 each meeting. The PCC has also had regard to the Charity Commission 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, DA11 0LX. The PCC is a registered charity with the Charity Commission under registration number 1132757. ## **Structure, Governance and Management** The function and purpose of the PCC is outlined in the Parochial Church Council (Powers) Measure 1956 ## **Membership** Members of the PCC are either ex officio or elected at the Annual Parochial Church Meeting (APCM), in accordance with the Church Representation Rules. Up to two co-opted members may also be appointed to serve on the PCC for a year at a time. There 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 Mark Edwards (from September 2021) ## **Children and Families worker** Emma Oliver |**Wardens**|Neil Fisher|| |---|---|---| ||Denise Birch|| |**Deanery Synod**|Jean Ault|2020 - 2023| ||Neege Allen|2020 – 2023| |**Treasurer**|Gerald Payne|| |**PCC Secretary**|Emmie Iferi|| 2 |**Elected:**|Colin Nice|Co-opted| |---|---|---| ||Neege Allen|2020 - 2023| ||Eunice Gooding|2020 - 2023| ||Andy Hicks|2020 - 2023| ||Charles Byrom|2020 – 2023| ||Darren Shilling|2021 – 2024| ||Jeannie Baldwin|2021 – 2024| ||Simon Clark|2021 – 2024| ||Karrenah Bergin|2021 - 2024| ## **Committees** 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 by law 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 financial 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 gardens. ## **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:** Acting as a link between the church and interested parties in the proposed re-development of the town centre. ## **Church Attendance** St George’s Electoral Roll numbers are 83 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 many people have watched the services online via our Website and Facebook page. 3 ## **Review of the Year** It has been another strange year as St George’s (like all Parishes) has continued to try and work alongside the changing face of Covid 19. Times during the last year the Church had to close, other times were with strict national restrictions and then from September, many of these could be released (until the December when a new Covid variant arrived). Church life has therefore suffered a lot because of this, with not all people returning to our main Worship Services. The regular groups, committees and activities of Church life have all had a ‘stop/start’ (in-person/’Zoom’) approach as national guidelines changed. The last year was not the time to start new projects which have now been on hold for two years, although one major success was the forming of ‘Rainbow Tots’, a children and families group especially for parents with children who were born during the pandemic. However, there have still been plenty of opportunities to be creative and reaching out to people in our community. The continuation of our livestreaming Sunday Services and online spiritual courses have kept many people connected, and we have also gained many new people online. A big thank you to Darren Shilling for his time, knowledge and commitment to making this possible, and we are really keen to develop a team that can work alongside Darren. We were pleased to be successful in receiving some grant funds so we could purchase some camera recording equipment for these purposes. It has been wonderful to welcome Revd Mark Edwards to the team. Mark was ordained Deacon in September and is here for his 3 year curacy, including being Priested in 2022. His wife, Natalie and Son, Taliesin have slotted in well to being part of our Church family, and it is a privilege that St George’s is considered an excellent training parish. Thank you to our Diocesan Training team for giving us this opportunity. A big thank you to our Churchwardens for continuing to adapt to changing Covid restrictions throughout the year. Special thanks to Neil Fisher for his work as Hall Manager too. Although many hall hirers were able to return during this last year (after the hall was closed for many months due to Covid), we have lost many of our regular bookings and sadly, the revenue from our Hall has dropped. However, we are still very hopeful that our promised new hall will bring back much of this lost revenue and will become an excellent new community venue in Gravesend. ‘Zoom’ meetings with ‘Reef’ have continued over the last year about the Town Centre Regeneration and work is well under way in the Heritage Quarter (which provides us all with a lot of hope that things are really moving forward this time). At present, plans for completion of our new Hall would be in the latter half of 2023 (various planning permissions are still required). A big thank you to our committee that have worked hard looking at various Hall designs, and to Colin Nice for being our point of contact with ‘Reef’ and Diocesan Surveyor. A big thank you too, to others members of the team. Our Children and Families Worker, Emma Oliver thrives in her role and our community outreach in this field, is a real blessing in the town. Emma has also worked hard in redeveloping our Family Worship in the Church and Hall. As this work expands, it is crucial Emma has enough voluntary help, which at times in the last year has been a struggle. Gaining more voluntary help is something we will be targeting this year in all walks of Church life. Thank you too to Martin and Chris Beech. Martin for the music life of our Church and Chris who provides much needed admin support. 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 meetings. Thanks to Gerald Payne and Colin Nice for their expertise in this field. Thank you also to Pat Broad and Alison Webzell with doing such an efficient job with Safeguarding procedures. And a big thank you to the Ministry Team and PCC who help make the important decisions within the Church and have had ongoing discussions about ‘vision and strategy’ for these next few years at St George’s. Although it has been a difficult two years due to the pandemic, it has also been exciting as we have had to think more creatively and ‘out of the box’ with much of our decision making. 4 Fundraising is one such example of this. It was great to welcome back the Christmas Fair, which was a success, but we have also done some fundraising online too, and supported especially the work of Christian Aid. The finance report shows major worries with our current financial situation but we are very hopeful growth and development will occur as the nation begins to move through the worst of Covid 19. If not, then clearly many aspects of Church life will need to reviewed in light of what the finances can afford. We are also aware our Diocese should be gaining a new Bishop soon, so it will be interesting to see how Parish Churches will be expected to support any new Diocesan Vision. Plus, we are always very keen to support the Churches Together work and vision in Gravesend, and Emma Oliver is part of their Exec. ## **Finance** ## **General** In common with other churches Covid 19 continued to affect St George’s greatly this year and it has been a difficult and challenging year financially, with expenditure being pared as much as possible to mitigate the situation. With the need to severely limit numbers attending during the early part of the year, by the end of the year attendance at church was approx. 70% of normal. All Sunday morning services have continued to be livestreamed throughout the year on Facebook, with each service subsequently being available on the church website. As a consequence, electronic giving through Just Giving contributed a welcome £340 to funds. ## **Gross Funds** Our gross funds (including the value of our property) have again reduced, by approx. £7K, to £820,233 (from £826.9K in 2019). There was also a deficit on the year of income over expenditure of £8.7K (£5.3K in 2020) with many bills for utilities, insurance, etc, still needing to be paid, regardless of congregation size. ## **Income** Overall income was £110.6K (£106,639 in 2020) but £19K down on the 2019 pre-pandemic level. General giving rose by £3K from 2020 with 77.5% of voluntary giving being made by standing order. Hall revenue was reduced to £3.8K from the 2019 pre-pandemic level of £17K+ and approximately half of our hirers have not returned to the hall for a variety of reasons. Two key fundraising activities were lost, though a successful Christmas Fair was held later in the year. Over the last two years income from funerals has been significantly reduced with the majority of the revenue now being passed to the diocese. The annual church Gift Day, again to cover the costs of employing our Children and Families Worker, was held in February and continued to be very well supported, the £24.6K raised virtually covering the annual employment cost. ## **Expenditure** Expenditure for the year totalled £119.3K (£111.9K in 2020). This included £4.9K being spent on the planned improvement to the Garden of Remembrance, with the cost being funded by the Barbara Tyman Fund, as previously agreed with the trustees. This fund is now exhausted. A significant £9K saving was made by reluctantly again deciding to cancel our annual ‘Outward Giving’ budget. A parish offer of £48K was made in response to the requested figure of £69K (up from £64.9K in 2020). The requested figure could not be met during the pandemic. Fortunately there were no ‘surprises’ in the annual expenditure ## **Investments** Our investments increased in value by £2.1K to £25.7K during the year 5 ## **Church Hall** With the hall continuing to be closed for the early part of the year and many hirers not returning once it did reopen, the hall made a loss of £3.7K, with an income of £3.8K and exp of £7.5K. In pre-pandemic times the hall typically made an annual surplus of £5K+. Work on a new hall as part of the town centre redevelopment plan is currently scheduled to begin in Jan 2023 with completion in Aug 2023. It is hoped that this will both reduce our costs and significantly increase our income. ## **Curate’s House, 105 Wrotham Road** Despite its continued very good condition, the property was valued in December at £330,000, surprisingly at the same figure as that of 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 2021 voluntary giving by PCC members totalled £21,656. ## **2022** The budget for 2022 has been drawn up with an assumption of some degree of ‘normality’ as the year progresses, though allowing for significantly reduced hall income to reflect the current situation. It shows a resulting annual deficit of £4.2K but should be manageable with the current level of bank account balance and the savings account (£19.2K) that the church has. ## **Financial Viability** At the end of 2021 the ‘cash at bank and in hand’ totalled £73,446. This total is in excess of the minimum desired threshold in our reserves policy (below) 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 on May 15th. At a recent PCC/Ministry Away Day, we decided on three areas in which to focus our vision. 1) Reaching out to the teenagers of our community and starting a new Youth Group (in May 2022). 2) Showing more consistency with our community outreach and hospitality, with new possibilities of having the Church building open more (we still wish to start the ‘Places of Welcome’ project). 3) To promote being a safe and inclusive Church which encourages the gifts and skills of all. As mentioned earlier, how we increase our resources of voluntary help and finances will be a major challenge. We very much hope the see the beginning of the work on the new Hall in the next year, and how this will begin to change much of the surrounding area. With the potential of 2000 new people moving in to the Parish (with new accommodation promised) over the next 2 – 3 years, how we develop welcome packs and hospitality will be key. 6 ## **Risk Management:** Risk assessments and inventories of fixtures, fittings, property and belongings have been completed at the Church 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. ……………………………………… Approved by the PCC on 14th March 2022 and signed on its behalf by the Revd Jim Fletcher (Rector) 7 STATEMENT OF FINANCIAL ACTIVITIES PAROCHIAL CHURCH COUNCIL OF ST GEORGE. GRAVESE14D STATEMENT OF FINANCIAL ACTtVlTIES FOR THE YEAR ENDED 31 DECEMBER 2021 TOTAL unresth.cted Restn"cted Endowment FUNDS Funds Funds Funds 2021 TOTAL FUNDS 2020 Notes Incoming and gndowmonts Voluntary income Aclwrties for genetstlng fun(ts Income fmm investments Church actwities 2a 2b 84.324 11.456 11.188 3.325 300 84,624 11,456 11,193 3,325 74,097 16,307 11,716 4,519 2c 2d Other income 2e 110,293 305 110,598 1 [￿,639 Expenditur Ghurch actNrties 3a 117.169 2.158 119.328 117,169 2,158 119,328 108,980 2.925 111,905 Raising funds Total ￿sOUrceS expended Net incominglloutgoing} resources Transfer5 between funds lin) Transfers between funds IoLrt) 19,035) 5,706 11,769) 305 3.825 {3,9371 (8.729) 15,2651 9,531 40,446 19.531) 140,4461 13.8251 Net incominglloutgoing} resources Gainsl(lossesJ on revalualAon of fixed assets Gains/llosses) on investn￿￿t assets Other recognised gain￿10s$e$ Net movement in funds 15.0981 193 13.8251 18,729) 15.2651 14,0381 1,920 1279 773 2,052 15.0981 1.472 13,0521 16,678) 17,3811 Total funds broughl forward al 1 January 2021 794.010 14,391 18,510 826,911 834,292 Total funds Canied forward at 31 December 2021 788.912 15,457 820,233 826,911 PAROCHIAL CHURCH COUNCIL OF ST GEORGE, GRAVESEND BALANCE SHEET AT 31 DECEMBER 2021 Notes 2021 2020 Fixed assets Tangible fixed assets 724,376 724,376 Investments 25.676 23,625 Totsl fixed assets 750.052 748,001 Debtors Short term deposits Cash at bank and in hand 2.241 3,515 73,792 76,033 77,061 80,576 Creditors.. amounts falling due within one year (5,852 {1,666 Net current assets 70.181 78,910 Total assets less current liabilities 820.233 826,911 Creditors." amounts falling due aftw one year NET ASSETS 820.233 826,911 Funds Endowment funds 10 15,457 18,510 Restricted funds 10 15.864 14,391 Designated Funds 10 762.4TI 761,149 Unrestricted funds 10 26,435 32,861 820.233 826,910 Approved by the paT￿hla1 Church Council on 15th May 2022 and signed on its behair The Revd Jim Fletcher Chairman Gerald Payne Treasurer The accompanying notes form a part of these financial statements. Paoe 2 PAROCHIAL CHURCH COUNCIL OF ST GEORGE. GRAVESEND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 1. Accounting policies a Basis of preparation The financial statements have been prepared in a￿ordanCe with the Church Accounting Regulab'ons 2006 together with applicable accounttng slandards and the Charibes SORP120051- The financial statements have been prepared under the historical cost convention, except for the valuation of investment assets which are shown at market value. The financial statements include all transactions, assets and liabilitses for bwhich the PCC is responsible in law. They do not include the accounts of church groups that owe their main affil￿tr"On to another body, nor those which are informal b Funds Funds held by the PCC are.. UnTrstricted funds - general funds which can be used for PCC Ofdinary purposes Designated funds - monies sel aside by the PCC out of unre5tNcted funds for specific fvture purposes or projects. Restricted funds - a} income from trusts or endowments which may be expended only on those restricted objects provided in the temis of the trust or bequest", bl donation5 or grants received for a specific object or invited by the PCC for a spectfic object. The funds may only be expended on the specific object for which they We￿ given. Any balan￿ remaining unspent at the end of the year is carried forward as a balance on that fund. Endowment funds - funds the capital of which must be maintained", only income arising from the investment of the endowment may be used. erther a5 restn.cted or unrestricted funds, depending on the purpose sel out in the temis of the original endowment C Incoming resources All incoming resources are accounted for gross_ Voluntary income Collections are recognised when re￿ived. Planned giving receivable is recognised only when received. Income tax recoverable on Gift Aid donations is recognised when the income is recognised. Grants and legacies are recognised when the PCC is legally entiued to the amount due. Income from investments Dividends are accounted for when due and payable_ Inte￿t entiuements are accounted for as they accrue. All other income Ail other income is recognised when rt is ￿l¥able. Gains and losses on investments Realised gains are recognised when the investments are sold. Unrealised gains and k)sses are accounted for on revaluabon on 31 December. Paae 3 PAROCHIAL CHURCH COUNCIL OF ST GEORGE. GRAVESEND NOTES TO THE FINANCIAL STATEMENTS (Continu￿) FOR THE YEAR ENDED 31 DECEMBER 2021 d Resources used Resources expended are accounted for on an accruals basis and are accounted for gross. Grants Grants and donatsons a￿ accounted for when pa￿ over. or when awarded Whe￿ the award creates a binding obligation on the PCC. Church Activitiès The diocesan parish contribution is accx)unted for when paid. Any parish contribution unpaid at 31 December is provided for in these accounts as an operatK)nal (though not a legall liabiltty and is shown as a credrtor in the balance sheet. e Fixed Assets Tangible fixed assets Consecrated and benefficed property of any kind is excluded from Ihe accounts by s.1012} of the Charities Act 2011. Movable church furnishing held by the Rector and Churchwardens on special trust for the PCC and which require a faculty for dispjsal, are accounted as inalienable propety unless conse¢raled. They are listed in the chL¢rch's inventory which can be inspected. For inalienable property acquired prior to 1 January 2006 there is insufficient cost infomiation available and therefore such assets are not valued in the accounts. Individual items acquired since 1 January 201% have been capitalised in the accounts and depreciated over their useful economic life Isee below). All expenditure on consecrated or beneficed buiklings and indivKlual items cosb.ng undef £1000 are written off in the year they were incurred. Depreclatlon Depreciation is calculated to write down the cost of tangible fixed assets, excluding freehold properties, over their expected useful lives. The rates generalty applicable are". Fixtures and fittings Computer equipment 251AI straight line 259A straight line No depreciabon is provided on freehold propety as it is the PCC'S FX)licy to maintain these assets in a continual state of sound repair. The useful economic life of these assets is so long and residual values so high that any depreciation would not be material. These assets will be subject to annual impairment reviews. Provision wll be made if there has been any permanent diminution in value. Investments Investments are stated at market value at the balance sh*t date. Current Assets Amounts owing to the PCC al 31 De￿mber in respect of fees, rents or other income are shown debtors less provision for amounts that may prove iJn¢ollectible. Short-lem dewsrts include cash held on deposrt ether wtth the CBF Church of England Funds, or at the bank. Paae 4 PAROCHIAL CHURCH COUNCIL OF ST GEORGE. GRAVESEND NOTES TO THE FINANCIAL STATEMENTS {continued FOR THE YEAR ENDED 31 DECEMBER 2021 2 Incoming resources TOTAL un￿strICted Restricted Endowment FUNDS Funds Funds Funds 2021 TOTAL FUNDS 2020 Voluntary income Planned giving - grft aid Other planned g1ving Collections Donations and appeals Gift Aid - income tax recoverable Grants Legacies 47.822 3,698 3,024 5.470 13.573 9,737 1.000 84,324 240 48,062 3.698 3.024 5,470 13.633 9.737 1,000 84,624 44,670 5,481 1,553 6.375 12,092 2,175 1,750 74,097 60 300 b Activities for geneTrting funds Church hall lettings to non church organisations Fetes, bazaars and other fund-raising events Magazine advertising Use of photocopier 4.133 7.323 4,133 7.323 6,890 9,405 12 16,307 11,456 11.456 c Investment income Rental of Investment property Dividends and interest 10,417 771 11.188 10,417 776 11,193 10,420 1,296 11.716 d Income from Church Activit￿$ Chaplaincy l Baptisms Fees from weddings, funerals etc Church lettings to church organisatKins Bookstall, magazine sales - linked to chuT-h 3.215 110 3.215 110 4,464 55 4,519 3.325 3.325 Other incoming resour￿5 Insurance claims Total incoming resources 110.293 110.598 106,639 P30e 5 PAROCHIAL CHURCH COUNCIL OF ST GEORGE. GRAVESEND NOTES TO THE FINANCIAL STATEMENTS {continued FOR THE YEAR ENDED 31 DECEMBER 2021 3 Resources expended TOTAL Unrestricted Restricted Endowrnent FUNDS Funds Funds Funds 2021 TOTAL FUNDS 2020 Church Activilies Missionary and chantable giving". Overseas". Home". 75 75 20 Ministry costs.. Diocesan Parish Contribution Working expense5 Rectory expenses Assistant Staff Church running expenses Church maintenance Upkeep of services Upkeep of churchyard Parish magazine Training costs Church hall running costs Salary costs Development of new hall Administration (incl IE feel Depreciation Property costs 48.000 1.355 5,076 26,214 12.344 48.000 1.355 5.076 26.214 12,344 56,800 2,304 4,187 18,291 10,974 1,037 1,129 1,175 155 18 6,499 4,507 4.237 5.017 4,237 5,017 99 7,646 5,534 99 7.646 5,534 1,574 1.574 1,881 117.169 117,169 108,980 b Raising Funds 105 Wrotham Road running costs 105 Wrotham Road management fees Stewardship costs Fund raising costs 473 1,685 473 1,685 1,150 1,775 2.158 2.158 2,925 Total resources expended 119328 119,328 111,905 Paae 6 PAROCHIAL CHURCH COUNCIL OF ST GEORGE, GRAVESEHD NOTES TO THE FINANCIAL STATEMENTS {continuedl FOR THE YEAR ENDED 31 DECEMBER 2021 4 Staff costs 2021 2020 Wages and sala17es 30.200 22.763 During the year the PCC employed a full time Childien & Family Wowker {CFW). a part-lime organist and an administrator. PAYE deducaions were managed by an external a)mpany. Our CFW salary rose from £24.5(K) to £25,000 in Sept. b Payments to PCC memb8 No payments were made to any PCC fflernber, persons ￿nr￿ted to Ihem or related parties. The total 2021 donabons made to the PGC by PCC members and related parties, inc Gift Aid vras £21,6561£21.556 in 20201 5 Tangible fixed assets FreeFK)Id land Churth and buildings equipment TOTAL Cost or valuation Al 1 January 2021 AdditsDns Disposals Revaluation Al 31 December 2021 724,376 724,376 724.376 Depreciation At 1 January 2021 Provided in the year Disposals Al 31 Decèmber 2021 Net book amounts At 31 December 2021 724,376 724,376 At 31 December 2020 724.376 724,376 The freehold land and buildings comprise the curate's house at 105 Wrotham Road, Gravesend, and the Church Hall. 105 Wrolham Road has b￿n valued for the PCC al £3￿￿.￿0 {31 Decefflber 2020 £330.(￿￿1). The PCC owns 80.72°/o of this property 19.28.￿ owned by the Dio(ese. The declaration of trusl in relation to this propety befv￿en the PCC and the Di￿se allows for the PCC'S share of the net proceeds arising on sale of the property to be applied to the general in(x)rne of the PCC. The asset is therefore shown as unreslriGted. The d)urth hall is difficutt to value as a resum of the Thameside redevelopment and therefore for the purposes of these aeeounls the insurance value of £458,000 has been used at both the beginning and end of the accounting peri(Kl. The Hall t)oiler now has an asset value of zero 6 Investments Units Valuation (pi Al 1 January 2021 Disposals at carying value Purchases al cost Nel gains and revaluation At 31 December 2021 23,625 25,676 The followng investments are hela.. Valuation Value CBF COE Fixed Interest Securrties Fund (in￿Me unrtsl CBF COE Investment Fund COIF Charib'es In¥eslmenl Fund 3,709 436 158.35 2,341.81 2,056.64 5,873 10,219 9,584 25,676 All the investments a￿ held in ￿$tri¢￿ed or en(lowment funds as anatysed in Note 10. PAROCHIAL CHURCH COUNCIL OF ST GEORGE. GRAVESEND NOTES TO THE FINANCIAL STATEMENTS (continued FOR THE YEAR ENDED 31 DECEMBER 2021 7 Debtors 2021 2020 Incorne tax recoverable Prepayments and accnsed income Other debtors 1.925 181 135 2.241 3,357 159 3,515 8 Creditors: amounts falling due in one year 2.021 2020 Accruals for utilities and other costs Diocese share of rental income Other creditors 837 1.973 3,043 5.852 816 850 1,666 Creditoys: amounts falling due after more than one year 2021 2020 Analysis of Net assets by fund Unrestricted Restricted Funds Funds Endowment Total Funds Total Funds Funds 2021 2020 Fixed assets for church use Investment fixed assets Current assets Current liabilities Long temi liabilib'es 724.376 724.376 25.676 75.307 15,1261 724,376 23,625 79,726 18161 10,219 6,258 -367 15,457 69.049 14.7591 788,666 16,110 15,457 820,233 826,911 Paoe 8 PAROCHIAL CHURCH COUNCIL OF ST GEORGE. GRAVESEND NOTES TO THE FINANCIAL STATEMENTS Icontlnuedl FOR THE YEAR ENDED 31 DECEMBER 2021 10 Statement of funds Transfers, other gains At Expendtture and losses 31 Dec 2021 At 1 Jan 2021 Income Unrestricted Funds - undesignated 32.861 84,879 193,720) 2,168 26,188.20 Unrestricted Funds - deslgnated Church Repair Fund Church Hall Repair Fund Church Hall Fixed Asset Bellringing 105 Wrolham Road Repair Fund 105 Wrolham Road Fixed Asset Children's Worker 17,608 12.381 458.000 174 671 266,376 5.939 761.149 31 23 640 1,019 18,279 13,423 458.000 174 783 266.376 5.443 762,477 110 25,112 25,167 (25.608 25.6081 3,937 Restricted Funds Barbara Tyman Memorial Fund Charities Account Gravgeo Ascot Pathfinders Tower Resloralion Fund Who Let The Dads Out 107 1,879 1112) 247 2.126 10.219 899 1.905 962 16,110 1,279 899 1.905 662 14.391 300 552 1,167 Endowment Funds Barbara Tyman Memorial Fund C H Bowen Legacy J Russell for poor Legacies Miss Mabel McLaren St James School Fund 3,825 {3,825} 154) 1,191 192} 1180) 92 {3,052} 752 9.584 1,294 2.532 1.295 15.457 8,393 1,386 2.712 1.387 18,510 Total funds 826.911 110,598 1119,3281 4,219 820.233 The Church Repair Fund, Church Hall RepaiT Fund, 105 Wrotham Roa(J Repair Fund are deposit accounlq held with Rochester Di0￿Se Board of Finan￿ and have been designated by the PCC for the repair of the respective buildings. PAROCHIAL CHURCH COUNCIL OF ST GEORGE. GRAVESEND NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2021 10 Statement of funds (continued) The restricted funds comprise: The Gravgeo Ascot Fund which is reslricled for use towards the house at 105 Wrotham Road. The Fund was invested in 380 units in the CBF COE Investment Fund bul proceeds from the Dolls Law fund have been added to the holding The Charities Account which is reslricted to charitable giving. The aeujunt is funded from Ihe interest on the J Russell for poor fund. The Church Tower Restoration furHJ which was commenced in 2008 to raise funds for the restoration of the church tower. The Barbara Tyman Memorial fund. vthh tunds available to be used for a project approved by the PCC. 'Who Let The Dads Oul. 15 a holding account for an adivity group for children and their fatherslmale Ca￿rS The endowment funds comprise: The C H Bowen legacy fund which is invested in 475 untts in the CBF COE Fixed Income Securities Fund. Income is used for general purposes. The Miss Mabel McLaren fund which 15 invested in 1599 units in the CBF COE Fixed Income Securities Fund. Income is used for general purposes. The St James School fund which is invested in 818 unils in the CBF COE Fixed Income Securities Fund. Income is used for general purwses. The Legacies fund which is invested in 817 units in the CBF COE Fixed Income Securities Fund. Income is used for general purposes. The J Russell for poor fund which is invesled in 466 untts in the COIF Charities Invesiment Fund. Income is restricted to charitable giving. The Barbara Tyman Memorial fund which is funded from a donation received in 2008. The capital is held in a deposit account with Rochesler Diocese Board of Finance and intitally, the income is restricted to the training needs of memtrkrs of St George's_ The Pathfinders Fund is a holding accounl for the church youth club into which weekly subs are paid and from the proceeds new equipment is purchased. This ciub is not cuffenlly active. The Unrestricted Funds comprise: The Bellringing Fund, eslablished to support the cosl of repair5 to the tr￿115, ropes and ancillary equipment The Church Repair Fund. used to support the cosl of repairs to the church The Hall Repair Fund, used to support the cost of repairs to the hall The 1 OSWR Repair Fund, used to support the cost of repaits lo the curate's holsse, 105. Wrotham Road The Staff Fund, used to hold monies raised in support of our Children and Families Worker and the salary costs Paae 10 ## **adventus accounting solutions** Supporting Charitable Organisations 24 February 2022 ## **Independent Examiner’s report to the Member/Trustees of Gravesend St George PCC** I report on the accounts for the year ended 31 December 2021 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** 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 adventusaccounting@btinternet.com 07523 622979 www.adventusaccounting.wixsite.com/website