# **Parish Church of St. Mary the Virgin, Bexley** ## **Annual Report** ## **and** ## **Financial Statements** ## **of the Parochial Church Council For the year ended 31[st] December 2020** Incumbent: Team Vicar: Rev.Ren Harding Rev.Clive Wood The Vicarage 15 Denver Road 6 Tile Kiln Lane Dartford Joydens Wood Kent DA1 3LA Kent DA5 2BB Bank: Independent Examiner: Royal Bank of Scotland, PLC. Brian Jones Drummond House 15 Boundary Road 1 Redheughs Avenue Sidcup Edinburgh EH12 9JN Kent DA15 8S **The Parochial Church Council of St.Mary the Virgin, Bexley** ## **Annual Report for the period April 2020 to March 2021 and Financial Statements for the year ended 31[st]** ## **December 2020** ## **Aims and Purposes** The primary objective of St. Mary’s Bexley Parochial Church Council (PCC) is the promotion of the gospel of our Lord Jesus Christ according to the doctrines and practices of the Church of England. The PCC has the responsibility of cooperating with the Team Vicar, the Reverend Clive Wood in promoting in the Parish the whole mission of the church, pastoral, evangelistic, social and ecumenical. The PCC is also responsible for the maintenance and management of the Parish Hall. The PCC seeks to enable St. Mary’s to work collaboratively within the Bexley Team Ministry, under the leadership of the Team Rector, Rev’d Ren Harding. ## **Objectives and Activities** The PCC is committed to enabling as many people as possible to worship at St. Mary’s and to become part of the parish community. It is responsible for maintaining an overview of worship. Services and worship put faith into practice through prayer, Scripture and the preaching of the Word, through music and through Sacrament. In addition pastoral care is provided for those in the parish through informal structures and the church seeks to promote missionary and outreach work. ## **Achievements and Performance** ## **Worship and Prayer** Our previous pattern of Sunday worship at St. Mary’s was: 8.30 am Book of Common Prayer Holy Communion 10.00 am Common Worship Sung Holy Communion on 1[st] , 2[nd] , 3[rd] and 5[th] Sundays (including prayer for healing and wholeness on 1[st] Sunday) 10.00 am Informal Family service on 4[th] Sunday 3.00 pm Messy Church on 2[nd] Sunday (in the Parish Hall) 3.30 pm Common Worship Holy Communion on some 4[th] Sundays (approx 7 per year) However due to the pandemic, church was open for private prayer only for a while before fully closing in December. We did hold an Advent Family service, and Christmas’ Nine lessons and Carols’ by ticket to control numbers and abide by Covid rules. We didn’t have a Christingle service, and so our last in-person service was Christmas Day 2020. A BTM outdoors Christmas Trail involved all the churches, each one telling a different part of the Christmas story. The church re- opened on Palm Sunday 2021 and resumed Sunday services at 10.00am only, though with no congregational singing, only a Cantor, and no socialising indoors. From the beginning of May it is hoped to resume all services, though the 8am Holy Communion will now only be on the 1[st] and 3[rd] Sundays. The mid-week worship re-commenced on 14[th] April and will continue as 10.00 am Common Worship Holy Communion on 1[st] and 3[rd] Wednesdays at St. John’s, 2[nd] and 4[th] Wednesdays at St. Mary’s and on 5[th] Wednesdays at St. James. Although our church doors remained closed, Bexley Team services went on-line via Zoom. This had benefits: it enabled all the congregations to worship together; we could sing at home (as not allowed to in a church building), and it allowed others who were housebound/working on Sundays to join in and were and generally much appreciated. A Saturday ‘Night Watch’ service was also introduced. ## **St. Mary’s church building** The church has been well maintained in the past for which we are grateful. There are a number of outstanding building related items which cannot currently be progressed due to the coronavirus pandemic and lockdown. 2 These are the addition of surge protection to the Lightning Protection System, the further investigation of death watch beetle infestation in the timber roof structures, repair/stabilisation of ageing changes in some stained glass windows and repairs to the exterior stonework. A quote was received in October for death watch beetle remedial work in the sum of £26,473 plus VAT. The Extension Committee has worked with Simon Ablett architects on a feasibility study into a reordering project to provide toilets and other facilities within the footprint of St. Mary’s. A date has not yet been set for the postponed site meeting with the Diocesan Advisory Committee to look at the preferred option. ## **St. Mary’s church hall** The hall is managed by a hall management committee, day to day running being overseen by Mrs Marion Smith. The main hall user is the Old Bexley Village Pre-School Playgroup and there are a number of other regular lettings as well as one off bookings. From December to March, the hall has been closed, and re-opened to the Pre-school only in April. ## **Pastoral care** Much pastoral care is facilitated by an informal network of church members who support and look out for each other. This ground up organic approach seems to work well but also has the possible disadvantage of people falling through the net, for example new church members. The Vicar and LLM supported by others take Home Communion to those who are unable to attend worship, when this is allowed. During the pandemic the congregation was kept in touch mainly by telephone and the continuing of the Bexley Team News. ## **Mission and evangelism** The Outreach Committee has been unable to meet since January. The committee had been exploring helping to support a Tanzanian pastor to undergo further studies for one year in the UK, but this has now been put on hold. St. Mary’s supported Bexley Food Bank and Bexley Women’s Aid at Harvest time by collections, has given to Church Mission Society, Christian Aid, through direct donations. The distribution of the Parish Magazine LINK has ceased. ## **Ecumenical relationships** St. Mary’s is a member of Churches Together in Old Bexley (CTiOB), though no new activities have taken place. ## **Volunteers** We would like to thank all those who give their time so freely and willingly in the running of St Mary’s. It is only possible to maintain the life and mission of St. Mary’s through the self- giving of volunteers. In particular we would like to thank our Churchwarden, Mary Andrews, and our Treasurer, Christine Lee. We are also grateful to The Friends of St. Mary’s whose objective is preserving the fabric of the church building. ## **Deanery Synod** Two members of the PCC serve on Deanery Synod. This provides the PCC with an important link to the wider church. (See later for full report) ## **Financial review** The total amount received from all collections during 2020 was just over £22,300, a reduction of £4,300 against the previous year. Although Planned Giving was largely maintained the impact of church closures due to the pandemic resulted in a much reduced income from Open Plate collections and Gift Aid envelopes. In addition to this £7,700 was received from HMRC in respect of Gift Aid claims against Planned Giving and Donations. The General fund ended the year with a deficit of Just over £9,000 Designated funds were reduced by £6,000 largely due to the continuing cost of maintaining the hall despite Hall income being reduced by half due to closures. Restricted funds show a deficit of £3,500 largely resulting from architectural fees for which a grant was received in 2019 The value of investments rose by £1,605. The year ended with fund balances of £504,489, an overall reduction of £17,300 against the previous year. Christine Lee 9[th] April 2021 3 ## **Reserves policy** It is PCC policy to maintain a balance on unrestricted funds (if possible), which equates to approximately three months unrestricted payments, to cover emergency situations which may arise from time to time. This would be approximately £15,000 and although the balance in our unrestricted fund is less than this the total amount held in designated funds amounts to just under £50,000. If necessary, the PCC can use these funds should the need arise. ## **Structure, governance and management** The Parochial Church Council meets regularly throughout the year and is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure and is a Registered Charity. The method of appointment of PCC members is set out in the Church Representation Rules. At St. Mary’s the membership of the PCC consists of the Team Vicar, the churchwarden, (both ex officio) the Licensed Lay Minister, up to two representatives to the Deanery Synod, and up to nine members elected by those members of the congregation who are on the electoral roll of the church. All those who attend our services/ members of the congregation are encouraged to register on the electoral roll and stand for election to the PCC. The PCC are responsible for making decisions on all matters of general concern and importance to the parish, including deciding on how the funds of the PCC are to be spent. The PCC has five sub committees- Standing, Finance, Outreach, Extension and Hall Management - all are responsible to the PCC and report back to it regularly together with proposals and reports for discussion. The Standing Committee is the only one with powers to act if the PCC cannot meet. ## **Administrative Information** The church is situated at the junction of Bexley High Street and North Cray Road. There has been a church on this site since at least the 11[th] century. It is part of the Diocese of Rochester within the Church of England. St Mary’s, with St. John’s, Bexley **,** St. Barnabas, Joyden’s Wood and St. James, North Cray together form the Bexley Team Ministry (BTM) with Revd Ren Harding as its Team Rector. PCC members who were elected at the APCM in 2020 are:- |Team Vicar
|Revd Clive Wood|| |---|---|---| |Warden:|Miss Mary Andrews|(Vice-Chairman)| |Representatives on)|Mrs Barbara Mugeridge|| |Deanery Synod )|Mr Chris Kirk|| |Elected Members:|Prof. PippaCatterall|Mrs Christine Lee, Treasurer| ||Mrs Barbara Graham|Mrs Christine Wood Secretary| ||Mrs Janet Jones|Mrs Marion Smith| ||Miss Janet Bird|Mr John Bowerman| There is room for one other Church warden and one elected member. The PCC has met five times since September each time by Zoom, which sadly meant that not all members could be present. Hard copies of all reports were sent prior to the meetings for their comments. Safeguarding was always on the agenda and in October the PCC adopted the House of Bishops ‘Promoting a Safer Church Safeguarding Policy Statement’. The accounts were always reviewed, mindful of our responsibilities as a charity. Other items for discussion were…The replacement of diseased Box hedges and new plaques in Memorial garden; Change to green energy supplier for the church and the hall; GDPR. The PCC, along with the other churches in the team ministry, agreed to fund Christmas Hampers for those families and children in our local schools who are in need. 4 ## STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020 |Notes
**Incoming Resources**
Voluntary income
Activities for generating funds
Income from investments
Church activities
2a
2b
2c
2d
**Total Incoming Resources**
**Resources expended**
Church activities
Raising funds
3a
3b
**Total Resources Expended**
**Net incoming/outgoing resources**
Other recognised gains/losses
Transfers between funds
Gains/losses on revaluation of fixed
assets
Gains/losses on investment assets
5
6
**Net movement in Funds**
Total funds b/ forward at 1 Jan 2020
**Total funds c/fwd at 31 Dec 2020**|Unrestricted
Funds
£
Designated
Funds
£
Restricted
Funds
£
Endowment
Funds
£
**TOTAL**
**FUNDS**
**2020**
**£**
TOTAL
FUNDS
2019
£
33,907
1,031
582
2,181
151
8,964
638
199
126
**34,545**
**1,031**
**1,058**
**11,145**
51,959
2,232
1,274
23,396| |---|---| ||37,701
9,115
837
126
**47,779**
78,861| ||46,910
109
15,027
4,518
126
66,581
109
79,909| ||47,019
15,027
4,518
126
**66,690**
79,909| ||(9,318)
4,958
1,315
(5,912)
(4,958)
(3,681)
0
290
(18,911)
1,605
(1,048)
0
3,679| ||(3,405)
(10,510)
(3,681)
290
**(17,306)**
2,631
15,248
**11,843**
435,478
**424,968**
66,852
**63,171**
4,217
**4,507**
521,795
**504,489**
519,164
521,795| St. Mary’s Bexley 2020 Accounts 5 ## STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2019 |Notes
**Incoming Resources**
Voluntary income
Activities for generating funds
Income from investments
Church activities
2a
2b
2c
2d
**Total Incoming Resources**
**Resources expended**
Church activities
Raising funds
3a
3b
**Total Resources Expended**
**Net incoming/outgoing resources**
Other recognised gains/losses
Transfers between funds
Gains/losses on revaluation of fixed
assets
Gains/losses on investment assets
5
6
**Net movement in Funds**
Total funds b/ forward at 1 Jan 2019
**Total funds c/fwd at 31 Dec 2019**|Unrestricted
Funds
£
Designated
Funds
£
Restricted
Funds
£
Endowment
Funds
£
**TOTAL**
**FUNDS**
**2019**
**£**
TOTAL
FUNDS
2018
£
38,500
2,232
597
5,046
1,000
209
18,350
12,459
345
123
**51,959**
**2,232**
**1,274**
**23,396**
59,345
2,811
1,062
26,102| |---|---| ||46,375
19,559
12,804
123
**78,861**
**89,320**| ||51,835
19,937
8,014
123
79,909
96,523| ||51,835
19,937
8,014
123
**79,909**
**96,523**| ||(5,460)
(223)
3,015
(378)
123
4,790
100
0
664
(1,048)
0
3,679
(7,203)
0
(300)| ||(2,668)
(255)
4,890
664
**2631**
**(7,503)**
**17,916**
**15,248**
**435,733**
**435,478**
**61,962**
**66,852**
**3,553**
**4,217**
**519,164**
**521,795**
526,667
**519,164**| St. Mary’s Bexley 2019 Accounts 5(a) PARCfHIAL CHURCH COUNCIL OF ￿ MARYTHE VIRGIN. BEXLEY BALANCE SHEET AT 31 DECEMBER 2020 Notes 2020 2019 r￿ed Assets Tangible fixed a55ets Investments 375.(X)O 24.953 375.000 23.348 Total fixed assets 399353 398,348 2020 2019 Current Assets Stock Debtors and p￿payMentS Short-term deposits Cash at bank and in hand 1.812 83.191 20.427 105.430 2.682 89,556 35,111 127,349 Liabllities Creditors:amounts fallinÈ due within onè year 18941 13.9021 Net Current assets 104,536 123,447 Total assets Iss current llabilities Creditors falling due after one year Net Assets 504A89 521,795 Funds Endowmerst funds Restrirted funds Designated funds Unrestrirted fvnd5 io 4,507 63,171 424,968 11,843 504,489 4.217 66,852 435.478 15.248 521.795 io io io Approved by the ParochÉBI Church Council on 2rfJ￿ hpo i and signed on its bèhalf by The Reverend Clive Wood IPCC chairman) 2921 The accompanying notes form part of these financial statements St. Mary's Bexley 2020Accounts ## **PAROCHIAL CHURCH COUNCIL OF ST MARY THE VIRGIN, BEXLEY** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020** ## **1. Accounting policies** ## **a Accounting convention** The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 together with applicable accounting standards and SORP 2015. The financial statements have been prepared under the historical cost convention as modified by the inclusion of Investments at market value and the revaluation of fixed assets. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their affiliation to another body, nor those which are informal gatherings of church members. ## **b Funds accounting** Funds held by the PCC are: _Unrestricted funds_ – general funds which can be used for PCC ordinary purposes. _Designated funds_ – monies set aside by the PCC out of unrestricted funds for specific future purposes or projects. _Restricted funds_ – a) income from trusts or endowments which may be expended only on those restricted objects Provided in the terms of the trust or bequest; b) donations or grants received for a specific object or invited by the PCC for a specific object. The funds may 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 capital of which must be maintained; only income arising from the investment of the endowment may be used, either as restricted or unrestricted funds, depending on the purpose set out in the terms of the original endowment. ## **c Incoming resources** All incoming resources are accounted for gross. ## **Voluntary income** _Collections_ are recognised when received. _Planned giving_ receivable is recognised only when received. _Income tax_ recoverable on Gift Aid donations is recognised when the income is recognised. _Grants and legacies_ are recognised when the PCC is legally entitled to the amount due. ## **Income from investments** Dividends are accounted for when due and payable. Interest entitlements are accounted for as they accrue. **All other income** All other income is recognised when it is receivable. ## **Gains and losses on investments** Realised gains are recognised when the investments are sold. Unrealised gains and losses are accounted for on revaluation on 31 December. St. Mary’s Bexley 2020 Accounts 7 **PAROCHIAL CHURCH COUNCIL OF ST MARY THE VIRGIN, BEXLEY** ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2020** ## **d Resources used** Resources expended are accounted for on an accruals basis and are accounted for gross. ## **Grants** Grants and donations are accounted for when paid over, or when awarded where the award creates a binding Obligation to the PCC. ## **Church activities** The diocesan parish contribution is accounted for when paid. Any parish contribution unpaid at 31 December is provided for in these accounts as an operational (though not a legal) liability and is shown as a creditor in the balance sheet. ## **e Fixed Assets** ## **Tangible fixed assets** Consecrated and beneficed property of any kind is excluded from the accounts by s.96(2) of the Charities Act 2011. Movable church furnishing held by the Vicar and Churchwardens on special trust for the PCC and which require a faculty for disposal, are accounted as inalienable property unless consecrated. They are listed in the church’s inventory which can be inspected. All expenditure on consecrated or beneficed buildings and individual items costing under £1000 are written off in the year they were incurred. ## **Depreciation** Depreciation is calculated to write down the cost of tangible fixed assets, excluding freehold properties, over Their expected useful lives. The rates generally applicable are: Fixtures and fittings 25% straight line Computer equipment 30% straight line No depreciation is provided on freehold property as it is the PCC’s policy to maintain these assets in a continual state of sound repair. The useful economic life of these assets is so long and residual values so high that any depreciation would not be material. These assets will be subjected to annual impairment reviews. Provision will be made if there has been any permanent diminution in value. ## **Investments** Investments are stated at market value at the balance sheet date. **f Current Assets** Amounts owing to the PCC at 31 December in respect of fees, rents or other income are shown as debtors less provision for amounts that may prove uncollectable. Short-term deposits include cash held on deposit either with the CBF Church of England Funds, or at the bank. St. Mary’s Bexley 2020 Accounts 8 **PAROCHIAL CHURCH COUNCIL OF ST MARY THE VIRGIN, BEXLEY** ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2020** |**2**
**a**
**Incoming resources**
_Voluntary income_
Planned Giving
Collections at all services
Gift Aid envelopes
Sundry donations and appeals
Income tax recoverable
Grants
Legacies
**b**
_Activities for generating funds_
Fetes,bazaars and other fund-
raising events
**c**
_Investment income_
Dividends and interest
**d**
_Income from church activities_
Church hall lettings etc.
Fees from weddings etc.
Parish magazine/bookstall
**Total incoming resources**|Unrestricted
Funds
£
21,641
537
169
3,800
7,760
Designated
Funds
£
Restricted
Funds
£
638
Endowment
Funds
£
**TOTAL**
**FUNDS**
**2020**
**£**
21,641
537
169
4,438
7,760
TOTAL
FUNDS
2019
£
22,622
2,788
1,281
14,242
6,526
3,500
1,000| |---|---| ||33,907
0
638
**34,545**
51,959| ||1,031
1,031
2,232| ||1,031
0
**1,031**
**2,232**| ||582
151
199
126
1,058
1,274| ||582
151
199
126
**1,058**
**1,274**| ||100
1,439
642
8,964
9,064
1,439
642
18,537
3,991
868| ||2,181
8,964
**11,145**
**23,396**| ||| ||**37,701**
**9,115**
**837**
**126**
**47,779**
**78,861**| St. Mary’s Bexley 2020 Accounts 9 **PAROCHIAL CHURCH COUNCIL OF ST MARY THE VIRGIN, BEXLEY** ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2020** |**Resources expended**
**3a**
**Church activities**
Missionary and charitable giving
Overseas
Home
Ministry costs:
Rochester Diocese
Other clergy costs
Church running expenses
Church maintenance
Extra quinquennial work
Upkeep of services
Upkeep of churchyard
Expenses for weddings and funerals
Parish magazine/bookstall
Sunday school costs (Messy church)
Church hall running costs
Extension expenses
Administration
Depreciation
Other costs
**3b**
**Raising funds**
Stewardship costs
Costs of appeals
**Total Resources expended**|Unrestricted
Funds
£
750
470
Designated
Funds
£
Restricted
Funds
£
120
Endowment
Funds
£
**TOTAL**
**FUNDS**
**2020**
**£**
750
590
TOTAL
FUNDS
2019
£
560
178| |---|---| ||1,220
28,239
947
11,413
3,994
176
0
213
708
381
14,646
120
16
4,382
126
1,340
28,239
947
11,539
3,994
381
176
16
14,646
4,382
213
708
26,650
1,124
17,390
4,006
6,329
601
302
10
21,012
1,299
194
254| ||46,910
15,027
4,502
126
**66,581**
79,909| ||109
109| ||109
0
0
0
**109**
0| ||| ||**47,019**
**15,027**
**4,518**
**126**
**66,690**
79,909| St. Mary’s Bexley 2020 Accounts 10 ## **PAROCHIAL CHURCH COUNCIL OF ST MARY THE VIRGIN, BEXLEY NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2020** ## **4 Staff costs** ## **a** _wages and salaries_ During the year the PCC employed a music direc **t** or, a caretaker and cleaners, all part time, but no payment was large enough To attract social security costs. ## **b** _Payments to PCC members_ Mrs. M. Smith, who is a member of the PCC, was paid £967 during the year for cleaning the church and Hall Administration and Mrs. B. Graham was paid £650 for Hall maintenance. There were no other disclosable transactions in respect of PCC members, nor persons closely connected to them, nor other related parties. Donations to the PCC made by PCC members and related parties amounted to £7,485 ## **5 Tangible fixed assets** |Freehold land
Church
and buildings
equipment
**Cost or valuation**
£
£
At 1 January 2020
375,000
Additions
Disposals
Revaluation
At 31 December 2020
**375,000**
**0**
**Depreciation**
At 1 January 2020
Provided in the year
Disposal
At 31 December 2020
**Net Book Amounts**
**At 31 December 2020**
**375,000**
**0**

The Freehold land and buildings comprise the church hall.
For accounting purposes the Insurance value of the property is used.
**6 Investments**
Market value 1 January 2020

Disposals at carrying value
Purchases at cost
Net gains and revaluation
**Market value 31 December 2020**
**General Fund**
998 shares CBF Investment fund
**Market value 31 December 2020**
£20,446
**Chancel Endowment Fund**
220 Shares CBF Investment fund
**Market value 31 December 2020**
£4,507|Total
£
375,000
375,000
**375,000**
**23,348**
**1,605**
**24,953**| |---|---| St. Mary’s Bexley 2020 Accounts 11 **PAROCHIAL CHURCH COUNCIL OF ST MARY THE VIRGIN, BEXLEY** ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2020** |**7 Analysis of Net Assets by Fund**
Fixed assets for church use
Investment fixed assets
Current assets
Current liabilities
Long term liabilities
**8 Debtors**
Income tax recoverable
Prepayments and accrued income
Other debtors
**9 Creditors:**
**amounts falling due within one year**
Deferred income
Accruals for utilities and other costs
Other creditors
**Creditors: amounts falling due**
**after more than one year**|Unrestricted
Funds
£
Designated
Funds
£
Restricted
Funds
£
Endowment
Funds
£
**Total Funds**
**2020**
**£**
Total Funds
2019
£
20,446
(8,134)
(469)
375,000
50,393
(425)
63,171
4,507
**375,000**
**24,953**
**105,430**
**(894)**
**375,000**
**23,348**
**127,349**
**(3,902)**| |---|---| ||**11,843**
**424,968**
**63,171**
**4,507**
**504,489**
**521,795**| ||**2020**
**£**
2019
£
200
1,612
1,574
1,108
0
**1,812**
**2,682**
**2020**
**£**

894
**2019**
**£**
770
2,854
278
**894**
**3,902**
**2020**
**£**
**0**
**2019**
**£**
**0**| St. Mary’s Bexley 2020 Accounts 12 ## **PAROCHIAL CHURCH COUNCIL OF ST MARY THE VIRGIN, BEXLEY** ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2020** |**10 Statement of Funds**
**Unrestricted Fund**
General fund
**Designated Funds**
Church repair fund
Churchyard fund
Donations in Memorium
Hall general fund
Hall reserve fund
Hall repair fund
Legacies fund
**Restricted Funds**
Bells fund
Charities fund
Choir
Extension fund
Flowers fund
Hall Capital fund
Organ fund
Refurbishment fund
Special fund
Work with Children fund
**Endowment Fund**
Chancel fund
**Total Funds**|Bal b/fwd
01-Jan-20
£
Income
£
Expenditure
£
Transfers,
other gains
and losses
£
**Bal c/fwd**
**31-Dec-20**
**£**
15,248
37,701
(47,019)
5,913
11,843| |---|---| ||**15,248**
**37,701**
**(47,019)**
**5,913**
**11,843**| ||**15,519**
**0**
**0**
**392,520**
**8,346**
**9,037**
**10,056**
47
0
0
8,964
36
27
41
0
0
(381)
(14,646)
0
0
0
126
0
2316
(2,040)
0
0
(5,000)
**15,692**
**0**
**1,935**
**384,798**
**8,382**
**9,064**
**5,097**| ||**435,478**
**9,115**
**(15,027)**
**(4,598)**
**424,968**| ||**2,601**
**0**
**642**
**50,253**
**118**
**5,109**
**4,799**
**2,390**
**827**
**113**
11
120
6
624
0
30
25
21
0
0
0
(120)
0
(4,382)
0
0
0
0
0
(16)
**2,612**
**0**
**648**
**46,495**
**118**
**5,139**
**4,824**
**2,411**
**827**
**97**| ||**66,852**
**837**
**(4,518)**
**63,171**| ||4,217
126
(126)
290
**4,507**| ||**4,217**
**126**
**(126)**
**290**
**4,507**| ||**521,795**
**47,779**
**(66,690)**
**1,605**
**504,489**| St. Mary’s Bexley 2020 Accounts 13 **PAROCHIAL CHURCH COUNCIL OF ST MARY THE VIRGIN, BEXLEY** ## **NOTES TO THE FINANCIAL STATEMENTS (continued)** ## **FOR THE YEAR ENDED 31 DECEMBER 2020** The Treasurer has the discretion to transfer monies from the designated funds into the General fund. At such times the transfer will be reported to the PCC at their next meeting. |**Church Repair Fund**|A Designated fund to finance major repairs to the church fabric. The money is deposited in| |---|---| ||the Diocesan Repair Fund.| |**Churchyard Fund**|A Designated fund to be used for the upkeep of the churchyard.| |**Donations in Memorium**|A Designated fund to set aside unrestricted donations made in memorium. Such monies| ||to be used for specific purposes at the discretion of the PCC.| |**Hall General Fund**|A Designated fund for the management of the church hall.| |**Hall Reserve Fund**|A Designated fund to receive monies set aside for future large scale maintenance and| ||refurbishment of the hall. The initial balance consisted of the unrestricted part of the Hall| ||Capital fund.| |**Hall Repair Fund**|A Designated fund to be used for essential repair and maintenance work on the fabric of| ||the hall. The money is deposited in the Diocesan Repair Fund .| |**Legacies Fund**|A Designated fund for legacies received without any restriction as to their use. The PCC| ||has resolved that such monies should, at the discretion of the treasurer, be primarily used| ||for specific purposes. Legacies with restrictions as to their use are transferred to the| ||appropriate Restricted funds.| |**Bells Fund**|A Restricted fund for the maintenance and refurbishment of the church bells.| |**Charities Fund**|A Restricted fund for monies raised for outside charities as a result of special appeals.| |**Choir Fund**|A restricted fund for monies set aside for choir expenses.| |**Extension Fund**|A Restricted fund for the proposed extension to St. Mary’s.| |**Flowers Fund**|A Restricted fund for monies donated for church flowers.| |**Hall Capital Fund**|A Restricted fund to be used for the maintenance and refurbishment of the church hall,| ||formed from money which was left over after the hall was originally built. The PCC has| ||decided, with the approval of the Diocesan office, that it is within the original purpose of| ||this fund for its money to be used for the transfer of funds into the Hall Repair Fund.| |**Organ Fund**|A restricted fund to finance major repairs or alterations to the present organ, or to replace| ||it.| |**Refurbishment Fund**|A Restricted fund for the refurbishment of St. Mary’s.| |**Special Fund**|A Restricted fund for monies donated specifically for short term projects which are not| ||large enough to warrant separate funds.| |**Work with Children**|A Restricted fund for monies donated for children’s activities.| St. Mary’s Bexley 2020 Accounts 14 **PAROCHIAL CHURCH COUNCIL OF ST MARY THE VIRGIN, BEXLEY Financial Statement for the year ended 31[st] December 2020** ## **Donations to Outside Charities (including Donations from the Church General Fund)** |Bexley Women’s Aid
Bexley Foodbank
Children’s Society
Christian Aid
CMS
Churches Together in Old Bexley
DEC
Evergreen
Friends of Rochester Cathedral
MAF
McCabe
Poverty and Hope
Total
**2020**
**£**
120
200
0
250
250
0
0
250
20
250
0
0
**1,590**


|2019| |---|---| ||£
55
0
73
107
0
30
167
0
20
0
173
113
738| St. Mary’s Bexley 2020 Accounts 15 sr MARY THE VIRGIN, BEXLEY INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2020 Independent Examinees Report to the PCC of st.mary the Wirgin Church,Bexley I report to the trustees on my examination of the accounts of st.mary the Virgin,Bexley Trust {the Trust} for the year ended 31 De￿mber 2020. Responsibilities and basis of report A5 the charity trustees of the trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charltles Art 2011 ('the Art'l. I report in respect of my examination of the Trusys accounts carried OLrt under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable D1￿Cli0n5 given by the Charity Commission under section 145{5llbl of the Act. Independent examTnerfs Statement I have completed my examination. I confimi that no material matters have come to rny attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in respett of the Trust as required by section 130 of the Art. or 2. the accounts do not accord wtth those records: or 3. the accounts do rv)t compty with the applicable requirements concerning the fonn and content of accounts set out in the Charities (Accounts and Reports} Regulations 2008 other than any reqU1￿ment that the accounts give a 'true and fail view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connertion with the examination to which attention should be drdwn in this report in order to enable a proper understanding of the accounts to be reached. Signed: Nème- Brian Jones Relevant professional qualification or membership of professional bodies Irf any): Address: 35 Boundary Road, Sidcup DA15 8S Date- St. Marfs Bexley 2020 Accounts 16