St. Margaret's Church, Barking - Annual Report of the Parochial Church Council (PCC) for the Year Ended 31 December 2020
Administrative information
The PCC is a registered charity with the Charity Commission namely Parochial Church Council of the Ecclesiastical Parish of St Margaret’s, Barking.
Charity No 1134027
St Margaret's Church is located in the Abbey Ward of London Borough of Barking & Dagenham and draws members from the four local authority wards in Barking (Abbey, Eastbury, Gascoigne and Thames).
Registered Address - The Broadway, North Street, Barking IG11 8AS Telephone No - 020 8594 2923
email: stmags@tiscali.co.uk
PCC members who served at any time from 1 January 2020 to 31 December 2020 are: C. Adams
B. Aina
E. Asiedu-Addo
C. Brabender
A. Earwaker
I. Earwaker
E. Fagbemi
N. George
D. Jarvis
T. Le-Beau
L. Mgbuss
P. Nappin
O. Oguntuga
J. Okorie
K. Olaifa
L. Sanwo
J. Soundrapandian
C. Wingrove
A. Okoli
K. Omo
M. Mubika
Due to the vacant Vicar's position, K. Olaifa is the Lay Chairman the PCC
Structure, governance and management
The PCC is made up of Clergy, Reader, Church Wardens and elected members from the church. Working under the National Church Representation Rules, all church members are encouraged to register on the Church Electoral Roll and to stand for election to the PCC.
The PCC operates under the chairmanship of the vicar, it's constitution provides representation from the whole membership of the church. The PCC oversees the life and work of the church and is responsible for the financial management and maintenance of the church buildings.
The PCC holds 4 scheduled meetings in a year but can also convene extra special meetings if and when there is need. There are committees that cater for the different facets of the Church's administration, these committees meet as and when required and report back to the PCC.
Objectives and Activities
The parish aims to promote love and worship of God in the community through acts of worship drawn from the Book of Common Prayer and the Church of England's Common Worship. The Gospel of Christ is proclaimed in the parish as recorded in the Holy Scriptures, embodied in the traditions of the Church and day to day living.
The PCC is committed to being an inclusive community where all are welcome regardless of age, race or way of life. Also the parish provides a welcoming place of worship to all Christians irrespective of their point in the journey of faith.
The parish gives pastoral ministry to the London Borough of Barking & Dagenham by holding services with the Mayor and Councillors on both Civic and Remembrance Sundays.
Review of the Year 2020
Church Attendance
There were 188 names listed on the Parish Electoral Roll in 2020
PCC Report
The PCC in the course of the year contributed to the lives of the local community through the range of worship services offered in the church and a range of other spiritually benefitting activities.
There were five PCC meetings during the year three of which were via zoom at which the following were discussed:
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. Vestry Elections
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. Finance and Church Fabric
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. Sub Committee Reports
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. Deanery Synod Reports
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. School Governing Reports
Also there were two Section 11 meetings held to discuss and initiate the process for filling the vacant vicar's position. Ensuing from these meetings was the appointment of 2 PCC members as representatives for the vicars' appointment process and the development of the Parish profile Due to the Covid 19 lockdown, there was limited church groups activities. The Breakfast Club and the Church Centre only opened to the community till February while the Ladies Breakfast Bar had just one session.
Financial Review
The coronavirus pandemic severely impacted on the finances of the PCC during the year In 2020 income were £55,602 (£108,672 in 2019). Offerings decreased by £19,656 (33.03%). Total expenses for 2020 was £77,317 (£86,051 in 2019).
A deficit of £21,715 was thus recorded for the financial year 2020.
Details of receipts, payments, and balances held in all the funds are in the financial statements.
Conclusion
The year 2020 will be remembered for words like pandemic, restrictions, lockdown, furlough and so on but the way it affected lifestyles and worship especially will stay in memory
Many thanks to all the volunteers who work so hard to make the parish a welcoming place of worship and fellowship during and after lockdown. A special thanks to the Media Team who took us into the digital age in zoom church services and PCC meetings. We appreciate all the people that continue to give offerings and donations to the church but would also like to reach out for more help and support in maintaining the fabric of St, Margaret's - A place of Great History and Heritage.
May God in His infinite grace and mercy continue to grant us the will and devotion to serve Him and bring His light to our community.
Emmanuel Fagbemi
PCC Charity Officer October 2020
| Parish of Barking | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance Sheet as at 31 December 2020 | ||||||||||||||
| St Margaret's 20 |
Church @ Dec 20 |
St Margaret's 20 |
Church @ Dec 19 |
St Margaret's 20 |
Centre @ Dec 20 |
St Margaret's 20 |
Centre @ Dec 19 |
Total@ | Dec 2020 | Total@Dec 2019 | ||||
| £ | £ | £ | £ | £ | £ | £ | £ | £ | £ | |||||
| Non-current Assets | ||||||||||||||
| 48 Sunningdale Avenue | 165,000.00 | 165,000.00 | 165,000.00 | 165,000.00 | ||||||||||
| Book Cupboard & Shelves | - | - | - | - | ||||||||||
| Plant,Machineryand Motor Vehicles | - | - | 1,117.15 | 2,517.91 | 1,117.15 | 2,517.91 | ||||||||
| 165,000.00 | 165,000.00 | 1,117.15 | 2,517.91 | 166,117.15 | 167,517.91 | |||||||||
| Current Assets | ||||||||||||||
| Barclays Bank - CommunityAccount | 139,892.63 | 86,380.72 | 3,612.29 | 10,243.68 | 143,504.92 | 96,624.40 | ||||||||
| CBoF Investment A/c | 43,938.12 | 41,100.05 | 36,645.17 | 36,490.23 | 80,583.29 | 77,590.28 | ||||||||
| CBoF Investment A/c - Lake Bequest | 25,333.46 | 23,697.11 | 25,333.46 | 23,697.11 | ||||||||||
| CBoF Deposit Account | 27,533.38 | 27,416.96 | 27,533.38 | 27,416.96 | ||||||||||
| Debtors - General | - | (1,363.63) | 186.11 | 1,363.63 | 186.11 | - | ||||||||
| Debtors - Income Tax Recoverable | - | - | - | - | ||||||||||
| PettyCash | - | 873.45 | 666.12 | 873.45 | 666.12 | |||||||||
| Prepayments | 2,555.91 | 2,507.96 | 1,412.74 | 1,397.97 | 3,968.65 | 3,905.93 | ||||||||
| Stocks | - | - | - | |||||||||||
| 239,253.50 | 179,739.17 | 42,729.76 | 50,161.63 | 281,983.26 | 229,900.80 | |||||||||
| Current Liabilities | ||||||||||||||
| Other Creditors | 1,312.11 | 1,237.88 | - | - | 1,312.11 | 1,237.88 | ||||||||
| Christ Church | - | - | - | - | ||||||||||
| Diocesan Fees | - | - | - | - | ||||||||||
| HMRC | 1,556.10 | 1,556.10 | 1,556.10 | 1,556.10 | ||||||||||
| Mens' Night | 100.00 | 100.00 | 100.00 | 100.00 | ||||||||||
| Ladies Breakfast Bar | 40.38 | 40.38 | 40.38 | 40.38 | ||||||||||
| Mission Giving | 29,362.74 | 27,370.42 | 29,362.74 | 27,370.42 | ||||||||||
| St Patrick's | - | - | - | - | ||||||||||
| 32,371.33 | 30,304.78 | - | - | 32,371.33 | 30,304.78 | |||||||||
| Net Current Assets | 206,882.17 | 149,434.39 | 42,729.76 | 50,161.63 | 249,611.93 | 199,596.02 | ||||||||
| TOTAL ASSETS | 371,882.17 | 314,434.39 | 43,846.91 | 52,679.54 | 415,729.08 | 367,113.93 | ||||||||
| Financed by: | ||||||||||||||
| 48 Sunningdale Avenue Fund | 165,000.00 | 165,000.00 | 165,000.00 | 165,000.00 | ||||||||||
| CDBF Fund | - | - | - | - | ||||||||||
| Children & Youth Worker's Fund | 20,053.72 | 20,053.72 | 20,053.72 | 20,053.72 | ||||||||||
| Choir Fund | 1,033.01 | 1,033.01 | 1,033.01 | 1,033.01 | ||||||||||
| Christ Church Fund | - | - | - | - | ||||||||||
| Church Memorial Fund | 4,399.67 | 4,061.67 | 4,399.67 | 4,061.67 | ||||||||||
| Church Repair Fund - Bell Tower | 82,315.64 | 16,624.68 | 82,315.64 | 16,624.68 | ||||||||||
| Diocesan Fees | - | - | - | - | ||||||||||
| Fairtrade Fund | - | - | - | - | ||||||||||
| Flower Fund | 75.51 | 75.51 | 75.51 | 75.51 | ||||||||||
| General Reserve Fund | (11,829.70) | 9,884.85 | 43,846.91 | 52,679.54 | 32,017.21 | 62,564.39 | ||||||||
| HousingFund | 106,829.00 | 93,549.00 | 106,829.00 | 93,549.00 | ||||||||||
| Improvement Fund | - | - | ||||||||||||
| Mission OppprtunityFund | - | - | ||||||||||||
| Lake Bequest Fund | 17,629.17 | 16,918.10 | 17,629.17 | 16,918.10 | ||||||||||
| Organ Fund | (546.68) | 311.02 | (546.68) | 311.02 | ||||||||||
| Projects Fund | (13,566.43) | (13,566.43) | (13,566.43) | (13,566.43) | ||||||||||
| Refurbishment fund | - | - | ||||||||||||
| SecurityFund | 489.26 | 489.26 | 489.26 | 489.26 | ||||||||||
| St Patrick's Fund | - | - | - | - | ||||||||||
| Youth Club Fund | - | - | ||||||||||||
| 371,882.17 | 314,434.39 | 43,846.91 | 52,679.54 | 415,729.08 | 367,113.93 | |||||||||
| - | - | - | - | - | - |
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE PARISH OF BARKING
Independent examiner's report to the trustees of THE PARISH OF BARKING)
I report to the charity trustees on my examination of the accounts of The Parish of Barking for the year ended 31 December 2020.
Responsibilities and basis of report
As the charity's trustees of The Parish Of Barking (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of The Parish Of Barking are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the Charity as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act
other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
- the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities
(applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Michael Lomotey. FCCA Fred Michael & Co Ltd 216 High Road Chadwell Heath Essex RM6 6LS Date: 21 May 2021