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2021-12-31-accounts

MembersoftheParochial Church Council RevMatthew Fitter (incumbent and chairman)
LarissaBarnett
RayBlackham
Teresacottrell resignedt2May2027
SamanthaDavies
leffHawthorne
Melissa Hutchings
Bernice Jackson-Brown
MichaelMason
Adejoke Ogundiran appointed72May202l
FolakeOloninjo resignedL2May2027
llona Onyango appointed 72May2027
KevinRobson
Philippe Schirm
NigelThomas appointed12 MaV2O2l
JohnTolley
Allan Wilson resignedt2May2O27
CharityRegistration Number LL342t9
Principal Address 197AnerleyRoad
London
SE2O8ER
lndependentExaminer LourensduPlessisACACA(SA)
Stewardship
1Lamb'sPassage
London
EC1Y8AB
Bankers CAFBank Limited
25KingsHill Avenue
Kings Hill
WestMalling
Kent
ME19 4JQ
Contents Page
Charitylnformation 1
Annual ReportoftheMembersoftheParochial Church Council 2-7
lndependentExaminer's Report 8
StatementofFinancialActivities 9
BalanceSheet 10
Notestothe Accounts tt-2t
Detailed StatementofFinancial ActivitieswithComparatives 22

19 April

Total Total
Unrestricted Restricted Funds Funds
Funds Funds 2021 2020
Note
f		 f f f
INCOMEANDENDOWMENTS FROM:
Donations andlegacies 3 234,227 46,742 280,969 274,381
Charitable activities 4 15,543 15,543 54,487
Othertradingactivities 5
lnvestments 5 39,266 39,266 38,988
Other iricome
Totalincome andendowments 289,036 46,742 335,778
367,856
EXPENDITUREON:
Charitable activities 6 2O9,367 41,552 250,973 395,068
Raisingfunds 9 4,892 4,892 4,837
Total expenditure 214,253 47,552 255,805
399,905
Net gains/(losses) oninvestments
Netincome/(expenditure) 74,783 5,190 79,973 {.32,049l'
Transfersbetween funds 18
74,783 5,190 79,973
(32,0491
Otherrecognised gains/(losses):
Gains/(losses)onrevaluationoffixedassets
Other gains/(losses)
Net movementinfunds 74,783 5,190 79,973 (32,049)
Reconciliationoffunds:
Total funds broughtforward 7,279,576 10,892 L,289,468 1,32L,5t7
Total fundscarriedforward 18 1,353,360 16,082 1,369,441 1,289,468

Total Total
U nrestricted Restricted Funds Funds
Funds Funds 202L 20za
Note
f		 f r f
FIXED ASSETS
lntangibleassets
Tangibleassets		 tl 5,033 4,020 9,053 11,110
lnvestments 1,125,000 7,125,AOA 1,125,000
Socialinvestments
1,130,033 4,02A 1,134,053 1,136,110
CURRENT ASSETS
Stock
Debtors L4 18,846 2,487 21,333 t7,774
lnvestments
Cashat bank and in hand		 1s 213,404 _s,!!!
271,a69!4s,y8
232,250 72,752244,402162,698
CREDITORS:Amounts fallinB
duewithinoneyear		 16 {8,e24)
(e0}		 (e,014)
(e,340)
Netcurrentassets/(liabilities) 223,126 L7,A62
:		 235,388 153,358
Totalassets lesscurrent liabilities 1J5335' 16^03' 1.16\441128r/68
CREDITORS:Amountsfallingdue
Provisionsfor liabilities
hlet assets/(liabilities!excluding 13s33s' 16108' fi6r,441 r-?3rl5S
pension asset/(liahility)
Definedbenefitschcmeasset/(liahility)
TOTALNET ASSETS 1,353,35916,082
::		 1,369,447L,2:89,468
:
FUNDBATANCES 18
UnrestrictedFunds
General funds 144,399 t44,399 86,334
Designated funds 83,960 83,960 67,242
Revaluation reserve
1,3s3,3s9
-		 1,353,3591,178,s76
RestrictedFunds 16,082
16,082		 10,892
1,3s3,3s9
::::		 15,082 L,369,4471,289,468

charity's principal grantsto institutionscomprised:
202t 2020
f f
Evangelistic TeamMinistry,Lahore,Pakistan 3,625 3,756
StarfishAsia 1,000 2,000
Chrestos Mission 1,000 2,000
JosephStorehouse 1,000
New Wine 1,000
ChurchesPastoralAid Society 1,000
Christians Against Poverty 1,000
Spinnaker Trust 1,000 2,OO0
Releaselnternational 1,000 2,OOO
ChurchesMinistryAmong Jewish People 1,000 1,500
Grantstoinstitutionsforlessthan f1,000each 1,937 180
10,556 L?A36

9 Costofraisingfunds
202t 2020
f f
lnvestmentmanagement 4,892 4,837
4,892 4,837
10 Analysisof staffcosts,thecostofkeymanagement personnelandtrustee remunerationand expenses
2027 2020
f f
Grosswages and salaries 63,415 752,503
Socialsecurity 3,245
Pension costs 1,065
64A51		 2,827
158^srs

Donationsandlegacies
2027 2020
f f
Donations and relatedgiftaid 229,337 L98,729
Donationsinkind(note3a) 15,535 44,126
lncometaxrecoverable 36,O97 32,!26
280,969 274,38L
a) Donations in kind comprisethe following:
202L zo20
f f
Goodsdonated for:
Distribution tobeneficiaries 15,535 43,160
For.usebythe charity 1s,535 966
44,126

Total
Total		 Total
Total		 Total
Total
2021 2020
f f
Sunbeamspre-school (discontinued) 46,477
Feesfromweddings andotherservices 1,330 1,059
Rental income 5,902 7,730
Other church activities and events 8,311
ru.
5,227
---54,48r
lnvestment income
202L 2020
f f
Rental income 39,135 38,700
lnterestreceivable 131 288
39,266 38,988
Charitableexpenditure
Church
Ch urch
activities
activities
202L 2020
f f
Staffcosts 38,705 133,245
Depreciation andimpairment 5,568 9,U9
Diocesan share , 52,726 68,700
Churchrunningexpenses 47,379 35,889
Property maintenance and management
fees
Ministryexpenses
Sunbeams pre-school
Evangelism and outreach
Youth andadult training
Socialaction
Bookstall
Rent
Foodbank
Church events		 18,300
2,074
'
7,41,4
3,063
8,892
5
3,000
15,535
592
t9o,65l		 13,297
2,733
3,788
931
7,934
5,995
515
3,000
44,726
294
3z,p26
Grantspayable (note8) 20,709 29,2L5

NOTESTOTHEACCOUNTS
FOR THE YEARENDED31DECEMBER2021
Shareofsupportcosts 37,452 37,739
Shareof governancecosts 2,100 4088
25Or9L3 395p68
Analysis byfund
Unrestricted funds 209,360 J29,605
Restricted funds 41,553 64,497
250,913 394,102
Costsincurred on support & administration
2027 2020
f f
Governance costs
lndependentexaminer's fee 2,too 2,700
Legaland professional 1,388
2,700 4,088
Supportcosts
Support staffcosts 25,776 25,330
Administrativecosts 77,676 72,409
39,552 4!,827
Total expenditure 250,913 395,068

Grantspayable
Institutions lndividuals 202t
f f f
GrantsforUKand overseas mission 10,556 3,500 14,056
Grantstoassistthoseinpovertyorincrisis 6,653 6,6s3
tu.55b --i:
The comparativesfor theprevious year areasfollows:
Institutions lndividuals 2024
f t f
GrantsforUKand overseas mission 77,436 6,955 ,i.?q1
Grantstoassistthosein povertyorin crisis 4,824
L7,436 77,779 29,2L5

Fixtures,
fittingsand Total
equipment
f		 e
Vehicles		 202t
f
48,1t6
4,190		 4,000
-		 52,1L6
4,190
4,000 4ooo
37,955 3,0s1 4t,006
5,298 270 5,558
3,32t 3,32L
43,253 43;253
9,053 9,053
70,t61 949 tL,t10

2021 2020
f f
L,L25,O00 1,125,000
1/r5p00 1"125^000

ors
202L 2020
f f
Falling duewithinoneyear:
Taxrecoverable 4,853 2,866
Otherdebtors 7,297 763
Prepayments and accrued income 15,183
2L333		 13,591
L?,zn

atBankand inHand
2027 2020
f t_
Cashatbank 222,569 145,163
Pettycash s00
221069		 315
r4r4n
itors:liabilities fallingduewithinoneyear
2021 2020
f f
Taxation and social security 881 940
Othercreditors 3,038 2,323
Accruals 5,095 6,O77
.,ou 9,340

Duringtheyearthemovementsinthecharity 's funds wereasfol lows:
Opening lncoming Outgoing Transfers Gainsand Closing
balance resources reS0urces intheyear losses balance
2027 202t 202t 2027 202t 2021
ff f f f f
DesignatedFunds
LegacyandMajorGiftsFund 53,973 75,2s7 69,237
Rochester Buildings andRepairs Fund 13,269 1,460a 14,729
Westminster Theological CentreFund 5,L23 lLZ,3s7l 7,228b
67,242 20,380 (12,3s1) 8,588 83,950
Generol UnrestrictedFunds 7,2r7,334 268,6ss 120L,9021 (8,688) 1,26s3ss
TotalUnrestrictedFunds L,278,576 289,03s (2L4,2531 1,353,359
RestrictedFunds
Foodbank 15,535 (1s,s3s)
Charitable Collections 2,886 t3,4t2 .77,167l. 5,L32
Youthwork grant 6,453 4,099 (1,s61) 8,991
PowerofOne(Kings Boxing) 40 7,833 .7,8731
RochesterSDFCalledtoGrow 1,513 s,863 (s,4t7l 1,959
10,892 46,742 l4t,ss2l 15,082
Aggregate of funds 7,289,469 335,777 (255,805) 7,369,447

assetsandliabilitiesof the various funds wereasfollows :
Unrestricted
GeneralDesignated Restricted
funds funds funds 2021
f f f
Tangiblefixedassets 5,033 4,O20 9,053
Debtors 78,846 2,487 2L,333
lnvestmentProperties 1,125,000 1,125,000
Cash.atbank and in hand L29,444 83,960 9,665 223,069
Creditors falling duewithinoneyear 8,9241 (s0) (9,014)
L,269,399 83,960
t6,O82		 t,369,M1

Opening
balance		 lncoming
resources		 Outgoing
resou rces		 Transfers
intheyear		 Gainsand
losses		 Closing
balance
2020 2020 2020 2020 2020 2020
ff f f t- f
DesigndtedFunds
LegacyandMajorGiftsFund 90,000 t3,97-3 (s0,000) 53,973
Rochester Buildings andRepairs Fund 11,809 t,460 13,269
Westminster Theological CentreFund 3,646 lt7,23sl 7,589
DevelopingMinistriesFund
Buildings and Audio VisualFund 10,000 (6,317) (3,683)
Agreed giving 6,500 {6,s00}
118,309 17,679 l24,Os2l (44,634) 67242
GenerdlUnrestrictedFunds 1,188,253 287,422 (310,390) 52,049 L,277,334
TotalUnrestrictedFunds L,3O6,562 299,O4t (334,44217,4L5 L,278,576
RestrictedFunds
Foodbank 44,726 lM,126l
Charitable Collections 4,323 9,162 (7,s51) (3,038) 2,886
Youthwork grant 9,589 (3,136) 6,453
Pre-school grants L,043 5,900 (s28) (7,4Lsl
Clarion Futures 1,000 (1,000)
Power of One(Kings Boxing) 5,464 (s,4241 40
RochesterSDFCalledtoGrow 2,t63 (3,588) 3,038 1,513
14,955 58,81s (5s,453)ll,tsl 70,892
Aggregate of funds L,32t,5t7 367,856 (399.905) L,289,468

eprevious year,theassetsandliabilitiesof the various f unds wereasfollows: unds wereasfollows:
UnrestrictedFunds
GeneralDesignated Restricted
funds funds funds 2020
ff f f
Tangiblefixedassets 5,529 5,581 11,110
Debtors t6,945 275 77,220
lnvestment properties t,t25,ooo 1,125,000
Cashatbank andinhand 73,200 67,242 5,036 t45,478
Creditorsfallingduewithinone year (e,340) (9,340)
L,2L7,334 67,242
70,892		 L,289,468

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