## St George’s, Gravesend ANNUAL REPORT OF THE ST GEORGE’S, GRAVESEND PCC For the Year Ended 31[st] December 2023 ## **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 2023 24** ## **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 2023 - 2026 Neege Allen 2023 - 2026 **Treasurer** Gerald Payne **PCC Secretary** Maryam Olatunde-Kehinde (resigned Sept. 2023) 2 |**Elected:**|Colin Nice|Co-opted| |---|---|---| ||Eunice Gooding|2023 - 2026| ||Darren Shilling|2021 – 2024| ||Jeannie Baldwin (deceased October 2023)|2021 – 2024| ||Simon Clark|2021 – 2024| ||Karrenah Bergin|2021 - 2024| ||Kerry Longshaw (resigned October 2023)|2022 – 2025| ||Dean Brown (resigned December 2023)|2023 – 2026| ||Frederick Palmer|2023 – 2026| ||Angela Driscoll-Hicks|2023 – 2026| ||Harry Ofori|2023 - 2026| ||Gretel Ikediashi|Co-opted (from Jan ’24)| ## **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:** Helping 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 107 people. And the average weekly attendance at Church was 70 3 adults and 15 children. ## **Review of the Year** It has been another busy year in the life of St George’s. Lots of special events and it is wonderful that the regular projects have been sustained and able to function. Last year’s launch of ‘Places of Welcome’, Youth Group and ‘Eco Group’ have been growing and are a great resource to the community. ‘Places of Welcome’ has a regular group of people attend and a dedicated team of helpers. We are still looking at ways of making this a bigger community resource but we are blessed to have ‘Rethink’ attend each week, and they also now provide an Art Group after ‘PoW’ on a Tuesday. Special mention to Andy Hicks and the Youth Group team who are now getting 20+ children at the twice monthly sessions. It’s been wonderful we can offer this regularly and has created a greater connection with the children and our family services. The ‘Eco Group’ have connected with our congregation to increase awareness of environmental issues and how we can all do more to look after God’s creation. We have had talks in Church and special events during Lent and Advent. A big thank you to Sarah Cadwallader and the team for this. Our children and families have a dedicated following on two Sunday’s a month in the Hall, and we join together twice a month in Church. It was wonderful to welcome back Emma Oliver after her maternity leave, and a big thank you to the Jam Family, Noah’s Ark, Cool Tots and ‘Who Let the Dad’s Out’ teams for coping so well in her absence. These groups run efficiently and serve the community in a fantastic way. Emma’s role has also increased with more schools work (alongside Revd Jim and Fr Mark) especially offering Family Services and Messy Church to Holy Trinity School. More schools regularly visit the Church too. And Emma also has good links with Waterside. Revd Jim joined the Churches Together Exec who organised three good events around the Week of Prayer for Christian Unity, Good Friday Walk of Witness and the Summer Party in the Park. Monthly Churches Together Prayer meetings happen too. Special events at St George’s this year included our Patronal Festival, Kay’s Garden Quiz, our new Kings Coronation (including a special peal from the bellringers), APCM and Churchwarden’s Visitation, special services for Ascension, Pentecost, Pocahontas’ anniversary and Summer Rectory gathering. Martin Beech did a fantastic Hymnathon fundraiser which was well supported. A group of us went to London for a tour of St Paul’s Cathedral and the National Gallery thanks to money donated from the late Ray Holt’s family. The Summer and Christmas Fayres were successful and also a great outreach as well as raising valuable funds for the Church. We had a successful confirmation course and many from St George’s were confirmed at a service in the deanery. The autumn saw a Parish Quiet Day and PCC/Ministry Team Away Day at Huggens College. Emma led a fun-filled ‘Light Party’ for children and families. Thanks to Paul and Sue Relf for organising a wonderful Flower and Art Festival in the Church to link with our Harvest celebrations. Denise Birch, Tom Brown, Natalie Edwards and Taliesin Edwards completed the ‘Hearing and Speaking God’s Word’ course and gained their certificates. This enabled Natalie and Taliesin to preach occasionally and Denise has formed a new House group in the Church. In November we had our annual ‘Departed Loved Ones’ service and continued the link formed with Stephen Gay Undertakers with organising the service together. Christmas is always busy at St George’s with the amount of schools and choral groups using the Church and is a fantastic way to build links with the community. We also continued our fundraising tours thanks to the help of Christoph Bull. The summer one in particular was well attended and included a meal at the ‘3 Daws’. 4 We continue to support Christian Aid (successful fundraisers occurred this year) the local Foodbank for those who are in need and have good links with ‘Sanctuary’ homeless shelter. We have also been able to reinstate some monies to support local charities. However, we continue to feel the effects financially from the Covidyears, although it has been pleasing to see the Hall being well used and hired out to many community groups. A big thank you to our Churchwardens and to Neil Fisher for his work as Hall Manager. The plans to receive a new Church Hall are still ‘up in the air’, however we do now know Gravesham Council were successful with a 2[nd] bid for the £20 million ‘levelling-up’ fund money for town centre regeneration, so there is hope! We await news from the Council and what the plans will involve. As the Civic Church in Gravesend, we have good links with our Councilors (and host the Civic Service and Mayor’s Carol service each year) and it will be interesting to see if plans for the Civic Centre to move nearer the Church will materialise. Revd Jim also attended a National Prayer Breakfast at the Houses of Parliament so clergy could meet with their MP’s. We also do all we can to link in with the Diocesan Vision and support the life of Rochester Diocese, who also very much support us. Bishop Jonathan led a day conference for clergy. The big Church of England debate this year has centred on General Synod’s decision to allow same-sex blessings within a Church service. Revd Jim led a talk and debate on this subject and the PCC voted in favour of allowing these blessings to happen at St George’s. Revd Jim was granted a month’s study-leave/mini-sabbatical which he took during Lent ’24. A big thank you to Fr Mark and the Ministry Team for covering so well in his absence. Fr Mark announced during this time that his curacy will come to an end in May as he will take up his first incumbency in St Albans’ Diocese. There are so many ‘thank you’s’ that could be mentioned here but we are restricted. However, a big thank you 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 (see later in the report for some of these points) All in all, a very active, prayerful and successful year. ## **Finance Report 2023** ## **General** The church finances have improved during 2023, with voluntary giving having increased by 10%. We have only been partly affected in 2023 by the significant fuel cost increases in gas and electricity as our 3 year gas contracts in the church and hall expired at the end of Sept 23 and end of Oct 23 resp. New three year contracts have been commenced, but at slightly more than double the cost. The three year electricity contracts expire at the end of Feb 2024 ## **Gross Funds** Our gross funds (including the value of our property) have increased by approx. £12.7K, to £860,141 (from £847.4 in 2022), with an excess on the year of income over expenditure of £10.8K. This excess has been distorted favourably by reduced salary costs due to our Children and Families Worker’s maternity leave 5 (approx. £8K). We were able to increase our Diocesan Offer from the 2022 figure of £48K to £55.1K, restoring it to a level within the requested range by the diocese. (The Diocesan Offer includes, for example, the cost of stipend and on-costs of our rector, many of the rectory costs, curate training, and diocesan support costs). Previously our affordability had been affected by Covid, hence the lower offer. ## **Income** The overall income was £142.1K (£132.5K in 2022). General giving (including card machine giving) rose by £6.3K from 2022 with 75% of voluntary giving being made by standing order (78% in 2022). Despite the increased giving, Gift Aid remained at the same level. The money generated (£3K) by groups wishing to use our church building for concerts, talks, etc, is very useful. A record-breaking Christmas Fair generated £1.8K and the summer fair generated a record equalling £1.1K. The annual church Gift Day, again to cover the costs of employing our Children and Families Worker, continued to be very well supported, the £27.4K raised largely covering the annual employment cost. ## **Expenditure** Expenditure for the year totalled £131.3K (£118.5K). Despite having clearly under-budgeted on several areas, expenditure within many categories was, broadly speaking, in line with the budgeted figures. Those areas that significantly exceeded the budgeted areas were: Repairs/maintenance to our rental curate’s house £2.3K (quinquennial work and new large window); DBF Fees £3.25K (recorded as an expenditure but actually the diocesan share of the income received from weddings and funerals - so offsets the income); Church maintenance £2.2K (new men’s WC, elec testing and lightning conductor servicing); Hall Maintenance £1.5K (Elec testing, repairs to car park wall); Hall Furnishings (tables purchased); Children’s Worker £3.7K (underestimated costs during maternity). ## **Investments** Following a decrease in value of £3.1K in 2022, the investments rose by £1.9K during 2023 giving a value of £24,481 ## **Church Hall** Hall revenue increased slightly during the year to £14.3K (£14K). Running costs were £11.3K (£11.4K) resulting in an overall profit of £3K. ‘Use of Church’ charges for events such as concerts and talks generated £2.9K. The council has received £20m levelling up funds from the government, which should enable work on the town centre redevelopment plan to recommence. A new church hall is part of that plan. As yet there is no word from the developers about the possible timescale. ## **Curate’s House, 105 Wrotham Road** With a quinquennial inspection due in 2024, necessary work took place (held up by a lack of funds during Covid). In addition, a new large picture window was installed in the living room and other routine repairs took place (eg new electric shower). The property was valued at £350K in December, unchanged from the 2022 value. 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. 6 During 2023 voluntary giving by PCC members totalled £16,189. ## **Financial Viability** At the end of 2023 the ‘cash at bank and in hand’ totalled £95,807. 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 12th. The PCC and Ministry Team will review how our current Vision and Action plan is developing, and whether any major changes need to occur. Recent discussions have identified where we may need more **resilience** (increasing teams of people and shared knowledge) Looking at areas where we are **vulnerable** – how do we discover all of the skills and abilities of all of our Church members? We could have plenty of hidden and unfulfilled talent Who are we serving? Pioneering idea. Town Centre ministry to shops and businesses – can we start this? Developing resources – needing more volunteers for current activities or ‘do we prune’ activities we currently have? Ideas to get to know our newcomers more. New discipleship course? Newcomers event, afternoon tea. Re-visit idea to get a grant for creating a servery in the side chapel which would increase better facilities for Church and community groups using the Church. **Parish Survey** – what do people want from our Church services and courses? Having more volunteers to keep our Church open especially when worldwide events lead to people wanting to pray more in Church. The longer-term vision of how the potential town centre regeneration will affect us, and plans to get a new hall. ## **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. ……………………………………… Finance part approved by the PCC on 18[th] March 2024, other parts of the report approved by circulation of email 8[th] April 2024 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 2023 TOTAL Unrestricted Re.stricted Endowment FUNDS Funds unds Funds 2023 TOTAL FUNDS 2022 Note5 Incoming and endovmients Voluntary income Activities forgener81ing funds Income from investments Church aCt￿llieS 2a 2b 2¢ 2d 95.400 25.452 14.735 5,911 300 95,700 25,452 15.029 5.911 84,624 11.456 11.193 3,325 294 Olherincome 2e 141.499 94 142,092 132.523 Expenditurp Church activities 3a 126,009 5,279 131.287 24 126,033 5,279 131,312 115,375 3,120 118,496 Raising fb, Ids Total resoi,'rces expended 3b 24 Net incouiini3lloutgoingl ￿sOurCeS Transfers tjvtween funds linl Transfers tie.trNeen funds loull 10,211 6.180 570 10,781 6.689 {6.6891 14,028 4,771 14.7711 {6.1801 {&99) Net incorT7iTiglloutgoingi re$our¢oS Gaing(Ios.%éisJ on revaluation of Iixed assets Gains/(los.qe.::' on investment assets Other reLogniqed gainsllosses Nét move.rn&iit in funds 10.211 10.781 14,028 16,294 13, 1061 848.28 1062 1.910 10.211 1.418 1,062 12,691 27.216 Totsl fund-: liroLJght forward at 1 January 202-. 818.454 45'.441 13,555 847,449 820,233 Totsl funds carried forward at 31 Decembei" 21123 828,665 -,6,859 14.617 860,141 847,449 Priqe 1 PAROCHSAL CHURCH COUNCIL OF ST GEORGE, GRAVESEND BALANCE SHEET AT 31 DECEMBER 2023 Notes 2023 2022 Fixed assets Tangible fixe(l assets 740.520 740,520 Investrnents 24,481 22,571 Totsl fixed assets 765,001 763,091 Debtors Short temi deposits Cash al bank aTrd in hand 1,078 8.117 95,807 96,884 77.277 85,393 Creditors.. amounts falling due within one year -1,745 11,0351 Net current assets 95.139 84,358 Total assets less current liabilities 860,140 847,449 Creditors.. amounts falling due after one year NET ASSETS 860,140 847,449 Fund5 Endowment fund5 10 14,617 13,555 Restricted funds io 16,859 15,441 Designated Funds 10 799,215 790,275 Unrestricted funds 10 29.449 28,178 860,140 847,449 Approved by the Parochial Church Council on 19th May 2024 and signed on ils behalf The Rpvd Jim Fletcher Chairnian Gerald Payne Tfeasurer The accompanying notes forn a parti of these financial statements. Page 2 PAROCHIAL CHURCH COUNCIL OF ST GEORGE. GRAVESEND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 1. Accounting policies a Basis of preparation The financial statements have been prepared in accordance with Ihp. Church Accounb'ng Regulations 2006 together with applicable accgunb'ng standards and the Charities SORP120051. The financial statements have been prepared under the historical cost pxjnvenlion, except for the valuation of investment assEls ivhich are shown at Tnarket value. I he financial statements include all transaction5. assets and liabilities for which the PCC is responsible In law. They do not include the aucounts of church groups that owe their mairi affiliation to another body, nor those which are informal b Funds Fijnds held by the PCC are.. Unrestricted funds - general funds wh￿h can be used for PCC ord..nary purposes Designated funds - monie5 set aside by the PCC out of unrestricted funds for specific future purposes or projects. Rfislricted funds al income Iro.-I ITUSts or endowments which m¢!y be expended only on those reslricled objects provided in the terms of the trust or twuest." bl d--.Ations or grants received for a sijecifi¢ object or invited by thu PCC for a specific objecL The funds ifiay only be expended on the ')ecific object for which they viere given. Any balan￿ remaining un¢oent at the end of the year is carried forward as a balance cn that fund. ndowmenl funds - funds the capital of which musl be maintained." only income 3ri5ing from the Investment of the endowment ma> be used, either as restr]"cted 01 unrestricted funds. dèpending on the purpose set out in the tem)s 04 Ihfr original endowmer¢l c In¢oming resourees All incoming resources are atxounted for gros5. Voluntary ITncome 4011ections are recognised when received. Planned giving receivable is recognised only when received. InGorFpe tax recoverable on Gift Aid donations is rewgnised when thth income is recognised. vrants and leg8cies are recognise(l. when the PCC is legally entiL.epJ lo the amount due. Income from investments Oividends are accoLJnted for wtrie41 due and payable. Interest entiil&m.ents are accounted for as they accrue. All other income Ail other income is recognis6(i when it is r￿{vable. GaiTns and losses on investments Realised gains are recognised when the investmen.ts are sold. Unrealised gains and losses are accounted ft)r on revaluatson on 31 December. Pafie 3 PAROCHIAL CHURCH COUNCIL OF ST GEORGE, GRAVESEND NOTES TO THE FINANCIAL STATEMENTS Icontinuedl FOR THE YEAR ENDED 31 DECEMBER 2023 d Resources used Resources expended are accounted for on an accruals basis and are ￿)Unted for gross. Grants Grants and donations are accounted for when paid over. or when awarded where the award creates a binding obligation on the PCC. Church Activities The diocesan parish contnbutson is accounted for when paid. Any pafish contribution unpaid at 31 December is provided for in tb.ese accounts as an operational (though ilot a legall liability and is shown as a creditor in the balance sheet. e Fixed Assets Tangible fixed assets Consecrated and beneficed propety of any kind is excluded from the accounts by s.10121 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 disposal, are accounted as inalienable propety unless consecrated. They are listed in the church's inventory which can be inspected. For inalianable property acquired prior lo 1 -foie such assets are not valued in January 2006 there is insufficienk cost information available and the'.- the accounts. Individual items acquired since 1 January 2006 have been capitali5ed in the accounts and depreciated over their useful econornic life (S￿ below)- All expenditure on consecrated or beneficed buildings and individual items costing under £1000 are written off in the year they were incurred. DepreciatiTon Depreciation is calculated to ￿YIte down the cost of tangib￿ fixed assets. excluding freehold properties, over their expected useful lives. The rates generally applicable are. Fixiures and fittings Computer equipmerit 25°k straight line 250A straight lirie No depreciation is provided or, freehold propety as it is the PCC'S policy to maintain these assets in a continual state of sound repair. The useful economic life of these atal 2023 donations made to Ihe PCC by PCC members and related parties. inc Gfft Aid was £16,1891£22.850 in 20221 5 Tangible fixed assets Freehold lan Church Hall and Imjildings equit)ment Boiler TOTAL Cost or valuation At 1 January 2023 Additions Disposals Rèvaluation Al 31 December 2023 740.520 740,S20 740.520 740,520 Depreciation At 1 January 2023 Provided in the year Disposals RevalLSation Al 31 Oecember 2023 Net book amounts At 31 December 2023 740,S20 740,520 Al 31 De￿mber 2022 740.520 740,520 The freehold land and building5 comprise ctsr*e's house at 105 W¥olham Road. Gravesend, and the Church Hall. 105 Wrotham Road has been valued for the PCC at £350.0(K)131 December 2022 £350,000). The PCC owns 80 72% of this property with 19.280*/J owned by the Di￿. The declaration Df trust in relation lo this pioperty between Ihe PCC and the DioGese allows lor Ihe PCC'S share of the net prcceeds arising on sale of the property to be applied to the general income of the PCC. The asset is therefore shown as unrestricted. The church hall is difficuli to value as a result of the Thameside redevelopment and theTefore for the PLJrposes of these accounts the insuiance value of £458.000 has been used at both the beginning and end of the accounting period. 6 Investments Units Valuation {pl At 1 January 2023 Disposals at carrying value Purchases al cost Net gains and Tevalltalion At 31 Decefnber 2023 22,571 1,910 24,481 The following investments are held.. Untts Valuatson Value CBF COE Fixed Interest Short Du".ation Bond CBF COE Investment Fund COIF Charibes Investment Fund 3,709 436 144.75 2.260.53 1.984.Sf) 5,369 9,865 9,248 24,481 All the investments are held in res+Jicted or en(knwment lunds as analysed.'n N)le 10_ PAROCHIAL CHURCH COUNCIL OF ST GEORGE, GRAVESEND NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2023 7 Debtors 2023 2022 Income tax recoverable Prepayments and accrued ir¢come Other debtors 6,887 78 1.000 1,078 1,250 8.117 8 Creditors: amounts falling due in one year 2023 2022 Accruals for utilities and other costs Diocese Share of rental income Other creditors 1.745 1,745 1,035 1,035 Creditors.. amounts falling due after mre than one year 2023 2022 Analysis of Net assets by fund Unrestricted Restncted Funds Funds Endowment Total Funds Totsl Funds Funds 2023 2022 9a Fixed assets for church use Investment fixed assets Current assels Current liabilitie5 Long term liabilities 740,520 740,520 24.481 96,884 11.7451 740.520 22,571 85,393 11,0351 9.865 6,293 14.617 90.592 {1.745} 829.367 16.157 14,617 860,140 847.449 Analysis of Net assets by fund- previous year 2022 Unreslricted Restricted Funds Funds Endowment Totsl Funds Total Funds Funds 2022 2021 9b Fixed assets for church use Investment fixed assets Current assets Current liabilities Long term Siabililies 740,520 740,520 22.571 85,393 1,035 724,376 23,625 79,726 816 9.016 6,425 13.555 78,%9 1.035 818.454 15,441 13.555 847,449 826,911 Page 8 PAROCHIAL CHURCH COUNCIL OF ST GEORGE. GRAVESEND NOTES TO THE FINANCIAL STATEMENTS {continued) FOR THE YEAR ENDED 31 DECEMBER 2023 10 Statement of funds Transfers, other gains At and losses 31 Dec 2023 At 1 Jan 2023 Income Expenditure Unrestricted Funds - undesignated 28,178 115,524 1110,1901 13,871) 29,642 Unrestricted Funds - designated Church Repair Fund Church Hall Repair Fund Church Hall Fixed A55el Bellringing 105 Wrolham Road Repair Fund 105 Wrotham Road Fixed Asset Children's Worker 21.582 14.512 458,000 174 1,340 282.K20 12.148 790,275 677 440 3.200 1,019 25,459 15.970 458,000 274 1,034 282,520 . 15,958 799,215 100 42 1348) 24,716 25,975 120.9051 {20,9051 Restricted Funds Chaiilies Account Gravgeo Ascot ICOIF} Palhfinder5 Tower Restoration Fund Who Let The Dads Out 2.384 9,016 899 1.905 1.238 15.441 293 2,677 9.865 899 1.905 1,321 16,666 848 300 594 1217) 12171 848 Endowmènt Funds C H BoiNen Legacy IC of E SDBF) J Russell for poor ICOIFI Legacies IC of E SDBFI Miss Mabel McLaren (C of E SDBFI St James School Fund (C of E SDBFI 651 8,470 1,120 2,192 1.121 13,555 688 9,248 1.183 2.315 1,184 14,617 778 63 122 63 1,062 Total funds 847,449 142,092 1131.3121 11.9601 860,140 The Church Repair Fund. Church Hall Repair Fund, 105 Wroiham Road Repair Fund are deposit accounts held with Rochester Diocese Board of Finaiice and have been designated by the PCC for the repair of the respective buildings. Page 9 PAROCHIAL CHURCH COUNCIL OF ST GEORGE, GRAVESEND NOTES TO THE FINANCIAL STATEMENTS l¢ontinuedl FOR THE YEAR ENDED 31 DECEMBER 2023 10b Statement of funds - Previous Year 2022 Transfers, other gains At Expenditure and losses 31 Dec 2022 Al 1 Jan 2022 Income Unrestricted Funds - undesignated 26.188 106.228 (99.6181 14,7711 28,178 Unrestricted Funds - designated Church Repair Fund Church Hall Repair Fund Church Hall Fixed Asset Bellringing 105 Wrolham Road Repair Fund 105 Wrotham Road Fixed Asset 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 18.8541 18.8541 16,144 Restricted Funds Barbara Tyman Memorial 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 {1,2031 300 558 1241 1241 {1,2031 Endowment Funds C H Bowen Legacy J Russell for poor Legacies Miss Mabel McLaren St James School Fund 752 9.584 1,294 11011 11,1141 11741 13401 11741 11,9031 651 8,470 1,120 2,192 1,121 13,555 1,295 15.457 Total funds 820,233 132.523 1118,4961 8.268 847,449 Page 10 PAROCHIAL CHURCH COUNCIL OF ST GEORGE. GRAVESEND NOTES TO THE FINANCIAL STATEMENTS {conlinued FOR THE YEAR ENDED 31 DECEMBER 2023 10 Statement of funds (continued) The restricted funds comprise". The Gravgeo Ascot Fund which is restricted for use towartls the house al 105 Wrolham Road. The Fund was invested in 380 units in the CBF COE Investment Fund bul prO￿edS from the Doris Law fund have been added to the holding The Charities Account which is restrided to charilable giving. The account is funded from the interest on Ihe J Russell for kN)or fund. The Church Tower Restoration fund which was commenced in 2008 to raise funds for the restoration of the church lower. 'Who Let The Dads Out. is a holding account for an activty group for children and their fatherslmale carers The endowment funds comprise: The C H Bowen legacy furKJ which is invested 47S unts in the CBF COE Fixed Income Securities Fund. Income is used for general purpK)ses. The Miss Mabel McLaren fund which is invesl&l in 1 $99 units in the CBF COE Fixed Incorne Securities Fund. Income is used for general purposes. The Sl James School fund which is invested in 818 unils in the CBF COE Fixed lftcome Securities Fund. Income is used for general purposes. The Legacies fund which is invested in 817 units in the CBF COE Fixed Income Secuiities Fltnd. Income is used for general purrK)ses. The J Russell for poor furKI wthich is invested in 466 unÉls in the COIF Chatilies Investment Fund. Income is restricted lo charitable giving. The Pathfindet5 Fund is a holding account for the church youth club irrto which weekly subs are paid and from the proceed5 new equipment is purchased. This dub is not cutrenlly active. The Unrestricted Funds comprise: The Bellringing Fund. established to support the cosl of repairs to the ￿lIs, ropes arKI ancillary equipment The Church Repair Fund, used to suprM)rt the cost of ￿paIrs to the ¢hurch The Hall Repair Fund, useij to sutvort the cosi of iepait5 to the ha15 The 105WR Repair Fund. used lo support the cost of repairs to the curate's house, 105. Wrotham Road The Staff Fund, used to hold monies raised in 5LlPWrt of our Children and Families Worker and the salary costs Paqe 11 13 April 2024 ## **adventus accounting solutions** Supporting Charitable Organisations ## **Independent Examiner’s report to the Member/Trustees of Gravesend St George PCC** I report on the accounts for the year ended 31 December 2023 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