## St George’s, Gravesend ANNUAL REPORT OF THE ST GEORGE’S, GRAVESEND PCC For the Year Ended 31[st] December 2022 ## **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 2022 23** ## **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** Fr Mark Edwards **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** Maryam Olatunde-Kehinde 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| ||Kerry Longshaw|2022 - 2025| ## **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. ## **Eco Committee:** A newly formed group to help the Church and wider community understand more about the care needed for God’s world and to engage with becoming an Eco Church. ## **Church Attendance** St George’s Electoral Roll numbers are 101 people The average Sunday attendance during 2022 was 74 adults and 12 children. 3 ## **Review of the Year** After two very strange years of lockdowns, Church closures and restrictions, a return to some sort of normality has been very welcome. Not all of our regular groups have been back to full attendance pre-pandemic but we are very aware how life has changed for so many people since Covid began and now with the huge increase in the cost of living, life is difficult for huge proportions of our parish. It has been pleasing to see our regular numbers for Sunday Worship return, and we have been able to keep the livestreaming and pre-records going (thank you to Darren Shilling for this). To help those struggling, we were very pleased to open ‘Places of Welcome’ in September and received funding to make this an official ‘Warm Space’ for people to attend. ‘Places of Welcome’ is every Tuesday 10 – 12pm, and we are open 2/3 lunchtimes per week. We continue to support the local Foodbank for those who are in need. It was also wonderful to begin our new Youth Group which had been ‘on hold’ due to the pandemic. The group meets twice a month on Saturday evenings and is open to 10 – 16 year olds. Big thank you to Andy Hicks and team for getting this going. The nation went into a time of mourning during September as our longest serving Monarch, Queen Elizabeth II, died. Our Church was open for people to sign the condolence book, pray and give thanks for her life. We had a special service the night before the Queen’s funeral. Thanks to KCC funding we have a new bench in memory of the Queen in our Church grounds. Earlier in the year we had a lovely occasion to mark the Queen’s Platinum Jubilee including a BBQ and lunch. Another time of celebration for us was the Ordination of Priests service at Rochester Cathedral where our Curate, Fr Mark Edwards was Priested. The whole weekend was special as Fr Mark then celebrated his first Eucharist the following morning. Emma Oliver went on maternity leave during September, and we all rejoiced when we heard the good news that baby James had been born. Emma, Jack and James all doing well. A huge thank you to all the volunteers who have very ably kept our children and families groups open during this time. And to Sarah Cadwallader for co-ordinating the Jam Family Services in the Hall. Emma is due to return in June. A big thank you to our Churchwardens and to Neil Fisher for his work as Hall Manager. Many Hall bookings have returned again after Covid hit, and it is great to have our facilities well used as a community resource as well as much needed income. Sadly, the plans to receive a new Church Hall are still in doubt and have progressed no further. Gravesham did not receive the planned funding they were hoping for, so the town centre regeneration is now in doubt. We will have to review what money may now need spending on our current Hall. Thank you to our Development Committee who have helped with designs for what a new hall could look like. Thank you too to Martin and Chris Beech. Martin for the music life of our Church and Chris who provides much needed admin support. We have also set-up a new Eco-Committee as we look at ways we can help the environment more, and become an Eco Church. Thank you to Sarah Cadwallader for inspiring us with this. 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 4 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. It was great to hold our Summer and Christmas Fair’s without any Covid restrictions and we also held a very successful Lent walking fundraiser. The after-effect of the pandemic has still hit our away-giving to Mission Links, however, various events were held to support the work of Christian Aid. We thank Emma Oliver for her time on the Churches Together Exec, and Revd Jim has recently been voted on to the Exec to replace her. We continue to support our work with our brothers and sisters in Christ across Gravesham. Last year saw a very impressive witness in our town on Good Friday. Churches Together meet regularly for prayer. Our Diocese welcomed our new Bishop, Rt Revd Jonathan Gibbs and we look forward to seeing what future strategic and visionary plans will be asked of each parish and deanery. Our deanery held a new course to help train future lay leaders and it was pleasing that 5 people from St George’s attended. We also had a successful deanery confirmation service with a number from St George’s confirmed. All in all, a very active, prayerful and successful year. ## **Finance** ## **General** The church finances have stabilised and improved during 2022. Giving has increased a little, partly through increased attendance, which has returned in recent months to pre-Covid levels. We have not yet been affected by the huge cost increases in gas and electricity, with our four three-year contracts expiring in Sept 23, Nov 23, and two in Feb 24 ## **Gross Funds** Our gross funds (including the value of our property) have increased by approx. £27.2K, to £847,449 (from £820.2 in 2020). £16.1K of this is due to the increased valuation of our Curate’s property, 105 Wrotham Road. There was also an excess on the year of income over expenditure of £14K (a deficit of £8.7K in 2021). This has been distorted favourably by reduced salary costs due to our Children and Families Worker’s maternity leave (£7.3K) and a diocesan grant of £4K to help with fuel bills, which hasn’t been needed to be used yet. ## **Income** Overall income was £132.5K (£110.6K in 2021). General giving (including card machine giving) rose by £4.3K from 2021 with 78% of voluntary giving being made by standing order (81% in 2021). A Successful Christmas Fair was held later in the year and the summer fair returned after a covid absence of two years making a record sum of £1.1K. The annual church Gift Day, again to cover the costs of employing our Children and Families Worker, was held in June and continued to be very well supported, the £25.4K largely covering the annual employment cost. 5 ## **Expenditure** Expenditure for the year totalled £118.5K (£119.3K in 2021). Expenditure within each budget category was, broadly speaking, in line with the budgeted figures, other than the previously mentioned expenditure on our Children and Families Worker salary. In planning the budget for the year we reluctantly again decided to cancel our annual ‘Outward Giving’ budget. A parish offer of £48K was made in response to the requested figure of £57.6K. The requested figure could not be committed to owing to uncertainty caused by the pandemic. There were no ‘surprises’ during the year requiring significant unplanned expenditure. ## **Investments** Our investments decreased in value by £3.1K to £22.6K during the year ## **Church Hall** Hall revenue increased significantly during the year to £14K (£3.8K in 2021 due to Covid closure). A number of hall users have been lost following the closure but some others have been gained. The income is still £3K to £4K down on pre-pandemic levels, however, with running costs of £11.4K the hall made an overall profit of £2.6K. ‘Use of Church’ charges for events such as concerts and talks generated a very encouraging £2.9K. Work on a new hall as part of the town centre redevelopment plan has very recently been delayed because the plans for the overall development were dependent on a significant contribution from the government’s ‘levelling up’ fund. Ultimately this funding was not forthcoming. As of January 2023 we await any changes that may or may not be required to the overall scheme. ## **Curate’s House, 105 Wrotham Road** The property was valued at £350K in December, up from £330K in Dec 21. The church owns an 80.72% share of the property, resulting in a value to the church of £282,520. ## **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 2022 voluntary giving by PCC members totalled £22,850. ## **Financial Viability** At the end of 2022 the ‘cash at bank and in hand’ totalled £83,993. 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. 6 ## **Future Plans and Concerns:** Future plans and concerns will be shared at our APCM on May 14th. The PCC will review how our current Vision and Action plan is developing, and whether any major changes need to occur. 1) Reaching out to the teenagers of our community and supporting our Youth Group. 2) Showing more consistency with our community outreach and hospitality, with new possibilities of having the Church building open more 3) To promote being a safe and inclusive Church which encourages the gifts and skills of all. How we increase our resources of voluntary help and finances will be a major challenge. With recent news that Gravesham has not been awarded national funding for the Town Centre redevelopment, there is now much uncertainty what will happen in the town and the plans for our proposed new Church Hall. This continues to be a huge part of our future plans and we will continue to work closely with the Council on this. ## **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 20[th] March 2023 and signed on its behalf by the Revd Jim Fletcher (Rector) 7 STATEMENT OF FINANCIAL ACTIVITIES PAROCHIAL CHURCH COUNCIL OF ST GEORGE, GRAVESEND STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022 TOTAL Unresthcted Restricted Endowment FUNDS Funds Funds Funds 2022 TOTAL FUNDS 2021 Notes Incoming and endowments Voluntary income Aclwilies forgpneraling funds Incoffle fmm investments Church activities Olherin¢ome 92.974 27,040 8.7(Kl 3.251 300 93,274 27,040 8,958 3,251 84,624 11,458 11,193 3,325 2b 2c 2d 2e 258 131.965 558 132.523 110,598 Expgnditure Church aclwkRs Raising funds Total resources expended 3a 115.351 3.120 118.471 24 115.375 3.120 118,496 117,169 2.158 119.328 3b 24 Net incominglloutgoingl resources Transfers bètween fursds linl Transfers between fvnds lout) 13,494 4,771 {4.7711 534 14,028 4,771 4.7711 18,7291 9,531 19,5311 Net in¢ominglloutyoing} resource5 GaIn￿(lOsses) on revalualion of fixed assets Gains/(losses? on investment assets other recogni5ed gainsAosses Net movement in funds 13.494 534 14,028 16.294 13.106} 18,7291 16294 (1,203) {1,9031 2.052 29,788 16691 11,9031 27,216 16,6781 Total funds brought forward at 1 January 2022 788.666 16.110 15.457 820,233 826,911 Total funds carried forward at 31 DeCeM￿r 2022 818.454 15.441 13,555 847,449 820,233 P0ae 1 PAROCHIAL CHURCH COUNCIL OF ST GEORGE, GRAVESEND BALANCE SHEET AT 31 DECEMBER 2022 Notes 2022 2021 Fixed assets Tangible fixed assets 740.520 724,376 Investments 22.571 25,676 Totsl fixed assets 763.091 750,052 Debtors Short term deposits Cash at bank and in hand 8,117 2,241 77,277 85,393 73,792 76,033 Creditors.. amounts falling due wthin one year 1,036 15,8521 Net current assets 84,358 70,181 Total assets less current liabilities 847.449 820,233 Creditors". amounts falling due after one year NET ASSETS 847.449 820,233 Funds Endowment funds 10 13,555 15,457 Restricted funds 10 15,441 15,864 Designated Funds 10 790,275 762,477 Unrestricted funds 10 28.178 26,435 847.449 820,233 Approved by the Parochial Church Cosjncil on 14th May 2023 and signed n rts behalf The Revd Jim Fletcher Chairman Gerald Payne Treasurer The accompanying notes fom 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 2022 1. Accounting policies a Basis of preparation The financial statements have been prepared in accordance wth the Church Accounting Regulations 201A together with applicable a¢xounts"ng standards and the Chants"es SORP {2005). The financial statements have been prepared under the historical cost convention, except for the . I valuation of investment assets which are shown at mafket value. The financial statements include all transactions. assets and liabilities ft)r which the PCC is responsible in law. They do not include the . accounts of church groups that owe theii main affilhab.on to another tM)dy. nor those which are infom)al b Funds Funds held by the PCC are.. UnTeslricted funds - general funds which can te used for PCC ordinary purposes Designated funds - monies set aside by the PCC out of unrestricted funds for specific future purposes or projects. Restiicled funds - a) income from trusts or endowments which may be expended only on those reslricled objects prOV￿ed In the terms of the trust or bequest" b) donations or grants received for a specific obje¢l or invited by the PCC for a specffic object The funds rnay only be expended on the specific object for which they were given. Any balance remaining unspent at the end of the year is carried forward as a balance on that fund. Endowment funds - funds the capitsl of which must be maintsined., only income arising from the investment of the endowment may be used. eilher as restr￿ed or unrestrscted funds, depending on the purpose sel out in the tems of the original endowment c Incomlng resources All incoming resources are accounted for gros5. Voluntary income Collections are recognised when r￿1Ved. Planned giving re￿Ivable is recognised only when received. Income t8x recoverable on Gift Aid donations is recognised when the income is recognised. $ Grants and legacies are recoell.sed when the PCC is legally entilleJ to the amount due. Income fr(vn investments Dividends are ac£ounted for when due and payable_ Interest entilements are accounted for as they accrue. All otherlncome All other income is recognised when it is receivable. Gains and losses on investments Realised gains are recognised when the investments are sold. un￿a￿lSed gain5 and losses are accounted for on reValua￿"On on 31 December. Paae 3 PAROCHIAL CHURCH COUNCIL OF ST GEORGE. GRAVESEND NOTES TO THE FINANCIAL STATEMENTS {continuedl FOR THE YEAR ENDED 31 DECEMBER 2022 d Resourc•s used Resources expended are accounted for on an accnjals basis and are accounted for gross. Grants Grants and donations are accounted for when paid over, or when awarded Whe￿ the award creates a binding obligation on the PCC. Church Activities -.The diocesan parish contributs.on is accounted for when paid. Any parish Contribution unpaid at 31 December is provided for in these accounts as an operational (though not a legall liabilty and is shown as a creditor in the balance sheeL e Ftxed Assets Tangible fixedassets Consecrated and beneficed propeTty of any kind is excluded from the accounts by s.10(21 of the Charities Act 2011. Movable church fumishing held by the Rectof and Churchwardens on special trust for the PCC and which require a faculty for disposal, are accoursled as inalienable property unless consecrated. They are listed in the church's inventory which can inspected. For inalienable propety acquired prior to 1 January 20C￿ there is insufficient cost informats.on available and the￿fore such assets are not valued In the accounts. Individual ttems acquired Sin￿ 1 January 2006 have been capitalised in the acu)unts and depreciated over their useful economic life (S￿ betow}. All expenditure on consecrated or beneficed buildings and 1TrdN￿ua1 items costsng under £1000 are vrritten off in the year they weie incurred. Depre¢iation Depreciation is calculated to write down the (x)st of tangible fixed assets, excluding freehold properties, over their expected useful INes. The rates generalty applicable are.. Fixtures and ffttings Computer equipment 25% straight line 25% straight line No depreciation is provided on freehold propety as it is the PCC'S policy to maintain these assets in a continual slate of sound repair. The useful economic life of these a55ets is so long and residual values so high that any depreciation would not be material. These assets will be subject to annual impairment review5. Provision wll be made rf there has been any permanent diminution in value. Investments Investments are slated at market value at the balance sheel date. Current Assets Amounls owing to the PCC at 31 December in respect af fees, rents or other income are shovffl a debtors less provision for amounts that may prove uncollectible. Short-lerm deposits include cash held on deposit ether the CBF Church of England Funds, or at the bank. Paoe 4 PAROCHIAL CHURCH COUNCIL OF ST GEORGE, GRAVESEND NOTES TO THE FINANCIAL STATEMENTS {continuedl FOR THE YEAR ENDED 31 DECEMBER 2022 2 Incoming resources TOTAL Unrestricted Restricted Endowment FUNDS Funds Funds Funds 2022 TOTAL FUNDS 2021 Voluntary income Planned giving - gift aid Other planned giving Collections Donations and appeals Gift Aid income lax recoverable Grants Legacies 49,808 3,225 5.274 10,537 15.796 8.335 240 50.048 3,225 5,274 10,537 15,856 8,335 48,062 3.698 3,024 5,47D 13,633 9,737 1,000 84,624 60 92,974 300 93,274 b Activities for generating funds Church hall lettings to non church organisations Fetes, bazaars and other fund-raising events Magazine advertising Use of photocopier 16,852 10,078 110 16,852 10.078 110 4,133 7,323 27,040 27,040 11,456 ¢ Investment income Rental of investment property Dividends and interest 8,015 685 8.700 8,015 943 8,958 10,417 776 11,193 258 258 d Income from Church Activiti"8s Chaplaincy l Baptisms Fees from weddings, funerals elc Church lettings to church organisations Bookstall, magazine sales- linked lo church 3,251 3.251 3,215 110 3.251 3.251 3,325 Other incoming resources Insurance claims Total incoming resources 131.965 558 132,523 110,598 PAROCHIAL CHURCH COUNCIL OF ST GEORGE. GRAVESEND NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2022 3 Resources expended TOTAL unrestn.cted Restricted Endowment FUNDS Funds Funds Funds 2022 TOTAL FUNDS 2021 Church Activities Missionary and charitable giving.. Overseas.. Home.. 75 75 75 Ministry costs.. Diocesan Parish Contribution Working expenses Rectory expenses Assistsnt 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 Propety costs 48,000 2,111 5.281 20,012 14,364 694 2,387 1,462 874 511 11.872 5.724 48.000 2,111 5.281 20.012 14.364 694 2,387 1,462 874 511 11,896 5,724 48.000 1,355 5,076 26,214 12,344 4,237 5,017 99 7,646 5,534 24 1,984 1,574 115.351 24 115,375 117,169 b Raising Funds 105 Wrolham Road running costs 105 Wrotham Road management fees Stewardship costs Fund raising costs 1,730 1,324 1,730 1,324 473 1,685 66 3,120 3,120 2,158 Total resources expended 118.471 24 118,496 119,328 PAROCHIAL CHURCH COUNCIL OF ST GEORGE. GRAVESEND NOTES TO THE FINANCIAL STATEMENTS Icontinuedl FOR THE YEAR ENDED 31 DECEMBER 2022 4 Staff costs 2022 2021 Wages and salaries 24.737 30.200 During the year the PCC employed a full lime Children & Family WorkeT ICFWI. a part-tsme organist and an adminislr*or. PAYE deductions were managed by an external cDmpany. Our CFW salary rose from £25,000 10 £25,750 in Sept. She was on maternity leave from mid-september Tesulb-ng in redU￿d costs b Payments to PCC n￿rnbe No payments were made to any PCC member. persons connected to them or related parties. The total 2022 donations made to the PCC by WC members and ￿lated part￿s, inc Gtft Aid was £22,8501£21,556 in 20211 5 Tangible fixed assets F￿ehOld land Church Hall and buildings equipment Boilei TOTAL Cost or valuation At 1 January 2022 Additions Disposals Revaluation At 31 December 2022 724.376 724.376 16.144 74 16,144 740,S20 Depreciation At 1 January 2022 Provided in the year Disposals Revaluation At 31Decem￿r 2022 Net book amounts At 31 December 2022 740,520 740,520 Al 31 December 2021 724.376 724,376 The fieehold land and buildings t￿MpriSe the ujrate's house at 105 Wrotham Road, Gravesend, and the Church Hall. 105 Wrotham Road has beén valued for the PCC at £350,(XKJ131 De￿rnber 2021 £330,000). The PCC owlls 80 72¢/ty of this property wth 19.28°A owned by the Diocese. The declaration of Irust in ielation to this property between the PCC and the Diocese allows for the PCC'S share of the net prgceeds ari&ng on sale of the property lo be appli￿ to the general income ofthe PCC. The asset is Iherefore shown as unrestricteLI. The church hall is diffi¢uf( to valuè as a resu￿ of the Thameside redevelopmer,t and therefore for the purposes of these accounts the insijiance value of £458.(M)O has been used at both Ihe beginning and end of the ac£ounb'ng period. 6 Investments Units Valuation Ip) Al 1 January 2022 Disposals at carrying value Purchases at cost Net gains and revaluation At 31 December 2022 25,676 -3.106 22,571 Thp following investments a￿ held". Units Valuatson Value CBF COE Fixed Interest Seujflties Fund (Ino)me units) CBF COE Inveslmenl Fund COIF Charities Investment Fund 3.709 436 137.10 2.ffi6.14 1,817.49 5,085 9,016 8,470 22.571 Ail the investments are held in restricted or endovnnenl furhds as analysed in Note 10. Page 7 PAROCHIAL CHURCH COUNCIL OF ST GEORGE, GRAVESEND NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2022 7 Debtor5 2022 2021 Income tax recoverable Prepayments and accrued income Other debtors 6.867 1,925 181 135 2,241 1.250 8,117 8 Creditors: arnounts falling due in one year 2022 2021 Accruals for utilities and other costs Diocese share of rental income Other creditors 837 1,973 3,043 5,852 1,035 1,035 Creditor5: amounts falling due after more than one year 2022 2021 Anatysis of Net assets by fund Unrestricted Restricted Funds Funds Endowment Total Funds Total Funds Funds 2022 2021 9 Fixed assets for churth use Investment fixed assets Current assets Current liabilities Long term liabilities 740.520 740.520 22.571 85,393 11,035) 724,376 23,625 79,726 18161 9,016 6,425 13,555 78.969 11.0351 818,454 15,441 13,555 847,449 826,911 Paoe 8 PAROCHIAL CHURCH COUNCIL OF ST GEORGE, GRAVESEND NOTES TO THE FINANCIAL STATEMENTS {continued) FOR THE YEAR ENDED 31 DECEMBER 2022 10 Statement of funds Transfers, other gains At Expenditure and losses 31 De¢ 2022 Al 1 Jan 2022 Income Unrestricted Funds - undesignated 1(￿,228 {99,6181 {4,7711 28,178 Unrestricted Funds - designated Church Repair Fund Church Hall Repair FL¢nd Church Hall Fixed Asset Bellringing 105 Wrolham Road Repair Fund 105 Wrotham Road Fixed Assel Children's Worker 18,279 13,423 458,000 174 783 266.376 5.443 762,477 103 70 3,200 1,019 21.582 14.512 458,000 174 1,340 282,520 12,148 790,275 552 16.144 25,558 25,737 118.854 118,8541 16,144 Restricted Funds Barbara Tyman Memonal Fund Charities Account Gravgeo Ascot Pathfinders Tower Restoration Fund Who Let The Dads Out 2,126 10,219 899 1,905 962 16.110 258 2.384 9.016 899 1,905 1,238 15.441 {1,203} 300 558 (241 1241 11.2031 Endowment Funds C H Bowen Legacy J Russell for poor Legacies Miss Mabel M¢Laren Sl James Sch￿1 Fund 752 9,584 1,294 2,532 1.295 15.457 {1011 11,1141 11741 13401 11741 1,9031 651 8,470 1.120 2,192 1,121 13.555 Total funds 820.233 132.523 1118,4961 8,268 847,449 The Church Repair Fund. Church Hall Repair Fund. 105 Wrotham Road Repair Fund are deposit accounts held with Rochester Diocese Board of Finance and have been designated by tne PCC for the repair of the respective buildings. Paqe 9 PAROCHIAL CHURCH COUNCIL OF ST GEORGE, GRAVESEND NOTES TO THE FINANCIAL STATEMENTS {continued) FOR THE YEAR ENDED 31 DECEMBER 2022 10 Statemenl of funds Icontinued) The restricted funds comprise". The Gravgeo Ascot Fund which is restricled for use towards the house at 105 Wmth8m Road. The Fund was invested in 380 units in the CBF COE Investment Fund but pmceeds fmm the Doris Law fund have teen added lo the holding The Charliies Account which is restricted to charttable giving. The account is funded from the interest on the J Russell foi poor furKJ. The Church Tower Restoration fund whiGh was commenced in 2008 to raise funds for the resloration of the ¢huich tower. T.he Barbara Tyman Memorial furKI, with funds available to be used for a project approved by the PCC. "Who Let The Dads Out. is a hold1￿J accourrt for an aclivity group for children and their fathet51male carers The endowment funds comprise: The C H Bowen legacy fund which is invested in 475 units in the CBF COE Fixed Income Securities Fund. Income is used for general putP05es. The Miss Mabel McLaren fund which is invested in 1599 unils in the CBF COE Fixed Income Securities Fund. Income is used for general purposes. The Sl James School fund which is invested in 818 units in the CBF COE Fixed Income Securities Fund. IneA)me is used for general PUTP05es. The Legacies fund which is invested in 817 units in the CBF COE Fixed Income Securities Fund. Income is used for general putposes. The J Russell for poor fund vthick, is invesied in 466 units in the COIF Charities Investment Fund. Income is restricted to charitable giving. The Pathfindet5 Fund is a holding account fof the church youth dub into which weekly subs are paid and from the proceeds new equipment is purchased. This dub is not cuffently aclive. The Unreslricted Funds comprise: Tlie Bellringing Fund, established to supp)rt the cost of repairs to the bells. ropes and ancillary equipment The Church Repair Fund. used lo support the cost of repairs to the church The Hall Repair FU￿1. used to support the cost of repaits to the hall The 105WR Repair Fund, used lo support the co& of repair5 to the curate's house, 105, Wrotharn Road The Staff Fund, used to hold monies raised in suptw)rt of our Children and Families Worker and the salary costs Paoe 10 ## **adventus accounting solutions** Supporting Charitable Organisations 16 February 2023 ## **Independent Examiner’s report to the Member/Trustees of Gravesend St George PCC** I report on the accounts for the year ended 31 December 2022 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