## **St. Margaret's Church, Barking - Annual Report of the Parochial Church Council (PCC) for the Year Ended 31 December 2021**
## **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 with 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: office@stmargaretschurchbarking.com
PCC members who served at any time from 1 January 202 1 to 31 December 2021 are: Cynthia Adams Babajide Aina Carol Brabender Andrew Earwaker Irene Earwaker Nisha George David Jarvis Terry Le-Beau Pat Nappin Kunle Olaifa Lola Sanwo Joelraj Soundrapandian Carol Wingrove Kanayo Omo Jebaraj Soundrapandian Hilton Idahosa Tim Fagbemi Susan Lancaster
Due to the vacant Vicar's position, Kunle Olaifa is the Lay Chairman of 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 at 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 2021**
Church Attendance
There were 187 names listed on the Parish Electoral Roll in 2021
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 three PCC meetings during the year one of which was via zoom at which the following were discussed: Vestry Elections Finance and Church Fabric Sub Committee Reports Deanery Synod Reports School Governing Reports Church worship
After a due selection process, a new incumbent was appointed for the church in the person of Revd. Mark Adams. He was licensed as vicar by Bishop Guli Diocese of Chelmsford on the 6th of December 2021.
Due to the Covid 19 rules on assembly, there was limited church groups activities. The Breakfast Club and Ladies Breakfast Bar did not hold during the year. The Church Centre was only opened to the public in the last quarter of the year.
## Financial Review
The coronavirus pandemic continued to impact on the finances of the PCC during the year. In 2021 Income was £45,417 (£77,317 in 2020). Offerings decreased by £10,186 (18.32%). Total expenses for 2021 was £76,122 (£86,051 in 2019). Parish share paid was £52,008 which formed 68% of the total expenses for the year and 114% of all the incoming resources for the church in the year 2021.
A deficit of £30,706 was thus recorded for the financial year 2021. Details of receipts, payments, and balances held in all the funds are in the financial statements.
## **Conclusion**
In 2021, the world finally got a relief from Corona virus and normalcy started to return to our daily lives and worship. It also was the year the vacancy came to an end with the installation of our new vicar and the hope and belief of a new era in the life of the church.
Many thanks to all the volunteers who work so hard to make the parish a welcoming place of worship and fellowship during and after the lockdown. 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 September 2022**
**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 2021.
## **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:
1. accounting records were not kept in respect of the Charity as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. 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
4. 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: 8 May 2022
## Parish of Barking
2021 Accounts in compliance with Charities Act 1993
|**St Margaret's**
General Reserve
48 Sunningdale Avenue Fund
Children & Youth Workers' Fund
Church Memorial Fund
Church Repairs - Bell Tower
Fairtrade Fund
Housing Fund
Projects Fund
Security Fund
**Total Unrestricted Funds**
Choir Fund
Flower Fund
Organ Fund
**Total Restricted Funds**
Lake Bequest Fund
**Total Endowment Funds**
**St Margaret's Total**
**St Margaret's Centre**
General Reserve
**St Margaret's Centre Total**
**Barking Parish Total**|Incoming
resources
Resources
expended
Surplus/
(Deficit)
Transfers
between funds
Movement for the
year
Balances b/fwd at
1 January 2021
Balances c/fwd at
31 December 2021
45,416.66
76,122.17
(30,705.51)
(30,705.51)
(11,829.70)
(42,535.21)
-
-
165,000.00
165,000.00
-
-
-
-
20,053.72
20,053.72
-
126.00
(126.00)
(126.00)
4,399.67
4,273.67
50,163.06
-
50,163.06
50,163.06
82,315.64
132,478.70
-
-
-
-
-
-
16,200.00
70.00
16,130.00
(23,566.43)
(7,436.43)
106,829.00
99,392.57
-
-
-
13,566.43
13,566.43
(13,566.43)
-
-
-
-
489.26
489.26
111,779.72
76,318.17
35,461.55
(10,000.00)
25,461.55
353,691.16
379,152.71
-
-
-
-
1,033.01
1,033.01
200.00
53.29
146.71
146.71
75.51
222.22
60.00
1,050.90
(990.90)
(990.90)
(546.68)
(1,537.58)
260.00
1,104.19
(844.19)
-
(844.19)
561.84
(282.35)
736.34
500.00
236.34
236.34
17,629.17
17,865.51
736.34
500.00
236.34
-
236.34
17,629.17
17,865.51
112,776.06
77,922.36
34,853.70
(10,000.00)
24,853.70
371,882.17
396,735.87
8,105.31
13,027.66
(4,922.35)
10,000.00
5,077.65
43,846.91
48,924.56
8,105.31
13,027.66
(4,922.35)
10,000.00
5,077.65
43,846.91
48,924.56
120,881.37
90,950.02
29,931.35
-
29,931.35
415,729.08
445,660.43|
|---|---|
## **Parish of Barking**
## **Balance Sheet as at 31 December 2021**
**----- Start of picture text -----**
2021 2020
£ £ £ £
Non-current Assets
48 Sunningdale Avenue 165,000.00 165,000.00
Office and Kitchen Equipment 3,699.91 1,117.15
168,699.91 166,117.15
Current Assets
Barclays Bank - Community Account 161,039.74 143,504.92
CBoF Investment A/c 86,920.17 80,583.29
CBoF Investment A/c - Lake Bequest 28,976.12 25,333.46
CBoF Deposit Account 27,547.72 27,533.38
Debtors - General - 186.11
Petty Cash 559.44 873.45
Prepayments 4,026.20 3,968.65
309,069.39 281,983.26
Current Liabilities
Other Creditors 1,126.00 1,312.11
HMRC - 1,556.10
Mens' Night 100.00 100.00
Ladies Breakfast Bar 40.38 40.38
Mission Giving 30,842.49 29,362.74
32,108.87 32,371.33
Net Current Assets 276,960.52 249,611.93
TOTAL ASSETS 445,660.43 415,729.08
Financed by:
48 Sunningdale Avenue Fund 165,000.00 165,000.00
Children & Youth Worker's Fund 20,053.72 20,053.72
Choir Fund 1,033.01 1,033.01
Church Memorial Fund 4,273.67 4,399.67
Church Repair Fund - Bell Tower 132,478.70 82,315.64
Flower Fund 222.22 75.51
General Reserve Fund 6,389.35 32,017.21
Housing Fund 99,392.57 106,829.00
Lake Bequest Fund 17,865.51 17,629.17
Organ Fund (1,537.58) (546.68)
Projects Fund - (13,566.43)
Security Fund 489.26 489.26
445,660.43 415,729.08
**----- End of picture text -----**