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2022-12-31-accounts

Charity no. 1134812

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. JOHN THE BAPTIST, MARGATE

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

ST JOHN THE BAPTIST CHURCH VICTORIA ROAD MARGATE KENT

PAROCHIAL CHURCH COUNCIL OF ST JOHN THE BAPTIST, MARGATE

CONTENTS PAGE
Report of the PCC 1 - 5
Independent Examiners' report 6
Statement of financial activities 7
Balance sheet 8
Notes to the accounts 9 - 15

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. JOHN THE BAPTIST, MARGATE

REPORT OF THE PCC FOR THE YEAR ENDED 31 DECEMBER 2022

Administrative information

St John’s Church is situated in the centre of Margate. It is part of the Diocese of Canterbury within the Church of England. The correspondence address is:

The Vicar's Office

St John's Church Hall and Community Centre Victoria Road Margate Kent CT9 1LN

Officers and professional advisers

Members of the Parochial Church Council (PCC) are either ex-officio or elected by the Annual Parochial Church Meeting (APCM) in accordance with the Church Representation Rules. The PCC members are also the trustees.

PCC members who have served from 1 January 2022 until the approval date of this report are:

Preist-in-charge Rev. Dawn Watson (in post until 16/10/2022). Post is currently vacant. Churchwarden Mrs Ann Smith Deputy Churchwarden Mr. Simon Love Vice Chair Mrs Margaret Vickery Secretary Ms Sarah Bonner (resigned on 08/01/2022) Secretary Ms Tabatha Smith (appointed 06/06/2022) Treasurer Mrs Kay Bateman Deanery Synod Reps Mrs Margaret Vickery (elected 2020, retire 2023)

Elected 2020, Retire 2023

Kay Bateman Madeleine Searle Susan Waller

Elected 2021, Retire 2024

Gill Edwards

Elected 2022, Retire 2025

Chris Simmonds

1

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. JOHN THE BAPTIST, MARGATE

REPORT OF THE PCC - CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2022

Standing Committee Churchwardens
PCC Treasurer
Reverend
Vice Chair
Independent Examiner Daniel Payne FCCA of Beresfords Chartered Certified Accountants
Bankers HSCB Bank plc
CCLA

Structure, governance and management

The method of appointment of PCC members is set out in the Church Representation Rules. All Church attendees are encouraged to register on the Electoral Roll and stand for election to the PCC.

The PCC is governed by two Church of England Measures; the “Parochial Church Councils (Powers) Measure 1956 as amended” and the “Church Representation Rules (contained in Schedule 3 to the Synodical Government Measure 1969 as amended”.

The Community Centre is managed by the PCC.

Objectives and activities

As part of the Church of England we promote its whole mission, pastoral, evangelistic social and ecumenical within the ecclesiastical parish.

Our aim is to bring people to a knowledge and love of God through Jesus Christ, by ministering to the professed members of the Church, by proclaiming the Gospel in the parish of St John the Baptist, Margate and by being a Christian conscience of the town. Our corporate focus is Central Margate where, as the Parish Church, we are a Christian centre for the community. One member of the congregation is also a foundation Governor at Holy Trinity and St John’s County Primary School maintaining an active link between the two communities; the whole school worships at St John’s several times a year, and Dawn was the Archdeacon’s nominee ex officio Governor, regularly leading assemblies and contributes to the life of the school. Father Denis Hartley has taken on some of these activities.

Review of achievements and performance

Our mission is to be a beacon of love, light & hope to the people of Margate.

The year 2022 has been a year of change, adapting to a world post pandemic continued to impact the church and community centre with the community slowly returning to services and social events continuing to exercise caution.

We also saw some personnel changes with our secretary leaving post in January and a new appointee in place froom May. Our priest in charge, Dawn Watson, was called to a change of path and successfully appointed as chaplain at Archbishop's School, Canterbury in October.

2

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. JOHN THE BAPTIST, MARGATE

REPORT OF THE PCC - CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2022

Review of achievements and performance - continued

2022 brought renewed hope to our community with covid restrictions firmly in the rear view mirror allowing us once again to meet freely in God's house. Slowly our congregation and community gathered for worship and community events once more. Weddings, Baptism's & funerals once again took place in Church providing moments of joy, celebration and opportunities to remember loved ones without the need to limit or restrict attendance. We have continued too build stronger relationships as part of United Benefice with All Saints with joint services and community events throughout the year.

Our fundraising team slowly began putting plans back in place for our regular social gatherings such as Bingo & Saturday Shop and for special events such as our Harvest Lunch. Plans to celebrate the Queen's platinum jubilee got under way with knitted floral tributes, vintage stalls and art & memorabilia showing the Queen's reign through the decades. David, our organist, wanted to show his support for the Guide Dogs for the Blind Institute and decided to put on an organathon. Karen & Vaughan helped organise all the visiting organists and sponsorship. Refreshments were available all day which also coincided with the Haritage weekend. The church was alive with music throughout the day.

The news of the passing of our Queen was felt far and wide across our country so we opened the chhurch with the support of volunteers to enable mourners to pay their respects and to find peace and solitude to grieve in the sanctity of our church. Our local schools visited the church throughout the year, it's always special to hear the church filled with children's voices.

Our annual Christmas celebrations began with the Christmas tree festival where local schools, church groups and junior church created and decorated trees on display throughout the church. Our Christingle & Crib services are always popular with both children and adults and with the support of Father Denis we were able to go ahead with our Christmas services as planned.

In February the church roof sustained heavy damage resulting in an insurance claim which with rising costs of materials and labour and combined with delays in processing of the required faculty has meant the repairs have still not been undertaken. Financially we have continued to struggle with the rising cost of living impacting general day to day running costs such as utilities as well as the increased costs for materials and labour for both general ongoing maintenance and repairs. We have seen a steady decline in the plate collection with everyone facing the same financial constraints. Standing order contributions have been consistent and we are truly greatful for this regular financial support. Many of our regular hall hirers have also switched to paying directly into our centre account. It is growing ever more expensive to maintain our Church and Community Centre buildings and this continues to cause much worry for our PCC. Despite our best efforts in being cautious with planned expenditure we still have no long term solution for our church heating repair costs meaning services will once again be conducted in the Community Centre between January & March 2023.

We were luck enough to receive some funds towards our increased energy bills from the Diocese because of applying for a grant towards rising costs. In addition to this we were blessed with a lower income committee funding award of £19,000 which enabled us to meet our full parish share commitment for the year, which was a welcome relief. It also meant we had overpaid by £4,000 which we agreed to roll over as a credit for parish share 2023.

Here at St John's we are truly blessed not only with our dedicated fundraisers and supporters who work tirelessly to raise money to ensure our doors remain open and our buildings safe, light and warm, the time and talents shown by many and of course the donations we receive from our congregation without whom, put quite simply, we could not carry out the much needed work we do for Margate and our local community.

3

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. JOHN THE BAPTIST, MARGATE

REPORT OF THE PCC - CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2022

Review of achievements and performance - continued

Our mission in 2023 will be to continue to reach out to children, youths and families and all those who need us whilst continuing to seek ways to make ourselves more finacially stable, and to continue to deepen our relationships as a united benefice with our sister church, All Saint's.

Reserves policy

The reserves held by the Church continue to provide for the work of God in this place, both in terms of new projects and local unforeseen necessities. The PCC continues lively debate regarding their use or retention. There is always the everpresent reminder that we rely upon voluntary giving, common sense housekeeping and God’s good grace to somehow balance the books – but then Church life is an act of faith!

The PCC reviewed the level of reserves during the year and concluded that the current level of reserves is dropping below an acceptable level, and may not continue to support current activities and cover known risks.

Risk management

The PCC considers and discusses the key risks facing the church, the controls in place to mitigate them and any action required. The PCC continues to review and develop the strategic direction of the church and considers how its exposure to risk changes as a result.

We have accepted the Diocesan and Ecclesiastical (EIG) recommendations to use the Smart Water system on our roof and other metal items,and have enhanced these precautions with a sophisticated alarm system. We have reviewed our Insurance levels, in conjunction with Graham Salt, of EIG, and adjusted them appropriately, and have completed our annual PAT in both church and community centre.

Statement of the PCC's responsibilities

The PCC is responsible for all parish finances, its management and control, including the appointment of a treasurer. While it may delegate some of its duties, this does not remove its legal responsibilities.

Charity law requires the PCC as trustees of the church to prepare an annual report and financial statements that give a true and fair view of the church’s financial activities during the year and of its financial position at the end of the year. The PCC is also required to ensure that these are subjected to an annual independent examination or audit and to present these to the APCM in accordance with the Church Representation Rules.

In preparing these financial statements, the PCC are required to:

4

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. JOHN THE BAPTIST, MARGATE

REPORT OF THE PCC - CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2022

Statement of the PCC's responsibilities - continued

The PCC are responsible for maintaining proper accounting records that disclose with reasonable accuracy at any time the financial position of the church and to enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the church (other than the fabric and ornaments of the church for which the churchwardens have particular responsibility) and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report was approved by the Trustees on and signed on their behalf by;May 16, 2023

Kay Bateman (May 16, 2023 14:42 GMT+1) ....................................

Mrs K Bateman Treasurer

5

Independent Examiner's Report to The Parochial Church Council of The Ecclesiastical Parish of

St. John the Baptist, Margate

I report to the PCC on my examination of the accounts of the charity for the year ended 31 December 2022 which are set out on pages 7 to 15.

Responsibilities and basis of report

As members of the PCC you are responsible for the preparation of the accounts in accordance with the Church Accounting Regulations 2006 ('the Regulations') and the requirements of the Charities Act 2011 ('the act')

I report in respect of my examination of the PCC's accounts carried out under 'the Regulations' and section 145 of the Act, and in carrying out the examination I have followed all applicable Directions given by the Charity Commission under section 145 (5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

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.

Daniel Payne FCCA Beresfords Chartered Certified Accountants 1-2 Rhodium Point Spindle Close Hawkinge Folkestone Kent CT18 7TQ

Date: May 16, 2023

6

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF

ST. JOHN THE BAPTIST, MARGATE

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022

Unrestricted
Funds
Note
2022
£
INCOME AND ENDOWMENTS FROM
Charitable activities
Incoming resources from donors
2(a)
18,483
Other voluntary incoming resources
2(b)
-
Incoming resources from operating activities
- to further the Council's objectives
2(c)
5,069
- to generate funds
2(d)
2,844
Income from Church groups
2(e)
25,234
Income from investments
2(f)
47
Other incoming resources
2(g)
-
Total
51,677
EXPENDITURE ON
Charitable activities
Donations
3(a)
-
Activities directly related to the work:
-of the church
3(b)
35,221
-of the church groups
3(c)
23,647
Church support costs
3(d)
1,547
Governance costs: independent examiners fees
780
Unrealised (gains)/losses on UK investments
8
-
Realised (gains)/losses on UK investments
Total
61,195
TOTAL INCOME/(EXPENDITURE)
(9,518)
Transfers between funds
-
TOTAL INCOME/(EXPENDITURE
after transfers
(9,518)
RECONCILIATION OF FUNDS
Balance Brought Forward
44,990
Balance Carried Forward
15
35,472		 Restricted Endowment
Funds
Funds
2022
2022
£
£
-
-
-
-
-
-
-
-
-
-
-
951
27,150
-
27,150
951
-
-
21,400
951
-
-
-
-
-
-
-
4,268
-
-
21,400
5,219
5,750
(4,268)
-
-
5,750
(4,268)
5,758
39,461
11,508
35,193		 TOTAL
2022
£
18,483
-
5,069
2,844
25,234
998
27,150
79,778
-
57,572
23,647
1,547
780
4,268
-
87,814
(8,036)
-
(8,036)
90,209
82,173		 TOTAL
2021
£
22,101
-
2,121
602
17,191
924
12,537
55,476
-
34,045
22,960
993
780
(4,600)
-
54,178
1,298
-
1,298
88,911
90,209

7

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. JOHN THE BAPTIST, MARGATE

BALANCE SHEET AT 31 DECEMBER 2022

Note
FIXED ASSETS
Tangible assets
7
Investments
8
CURRENT ASSETS
Stock
Debtors
9
CBF Deposit Fund
CBF Deposit Fund
CBF Deposit Fund
HSBC Current Account
HSBC Deposit Account
Church activities - bank
Church activities - cash
CREDITORS
Amounts falling due within one year
10
NET CURRENT ASSETS
NET ASSETS
FUNDS
Unrestricted funds
Restricted funds
Endowment funds
TOTAL FUNDS
11		 2022
£
443
2,245
3,209
520
1,411
12,649
6,100
22,167
470
49,214
2,121		 2022
£
3,096
31,984
35,080
47,093
82,173
35,472
11,508
35,193
82,173		 2021
£
443
2,393
3,209
520
1,397
27,231
350
16,544
-
52,087
1,700		 2021
£
3,570
36,252
39,822
50,387
90,209
44,990
5,758
39,461
90,209

These accounts were approved by the PCC on and signed on their behalf by;May 16, 2023

Kay Bateman (May 16, 2023 14:42 GMT+1).................................... Mrs K Bateman Treasurer

8

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022

1. ACCOUNTING POLICIES

1(a) Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', the Charities Act 2011, the Trust Deed and the Church Accounting Regulations 2006. The financial statements have been prepared under the historical cost convention with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

Financial reporting standard 102 - reduced disclosure exemptions

The charity has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

1(b) Funds General funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purpose of the PCC. Designated fund balances represent the cash in hand or at bank and any other assets and liabilities each group may have.

Restricted funds represent income that has been received on the condition it is for a particular purpose or purposes. Restricted funds include the accounts of church groups that represent informal gatherings of church members. Incoming 1(c) Voluntary income and capital sources Collections are recognised when received by or on behalf of the PCC. Planned giving receivable under Gift Aid is recognised only when received. Income tax recoverable on Gift Aid donations is recognised when the donation income is recognised. Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement, the amount due is quantifiable and its ultimate receipt by the PCC is reasonably certain. No income is deferred. Other income Rental income from the letting of church premises is recognised when the rental is due.

1(d) Resources Used

All expenditure is on an accruals basis and includes irrecoverable VAT. Church expenditure (in note 3b) represents costs paid through the main bank account of the church. Church groups expenditure (note 3c) represents expenditure that has been paid by each the groups operating within the church. Governance costs represents costs incurred as a result of the church's status as a charity.

1(e) Fixed assets The Community Centre building has been capitalised and is included in the balance sheet under fixed assets. The centre was built in approximately 1970 and the value is shown at estimated historic cost less accumulated depreciation.

Consecrated and beneficed property of any kind is excluded from the accounts by s.10(2)(a) of the Charities Act 2011.

Movable church furnishings 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 at any reasonable time. For inalienable property acquired prior to 1 January 2000 there is insufficient cost information available and therefore such assets are not valued in these accounts. Items acquired since January 2000 have been capitalised and depreciated in the accounts over their currently anticipated useful economic life on a straight line basis.

All expenditure incurred in the year on consecrated or beneficed property or individual items of less than £1,500 are written off as incurred.

9

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022

1(e) Fixed assets - continued

Equipment is depreciated on a straight line basis over 5 years. Freehold land and buildings are depreciated on a straight line basis over fifty years.

Investments are valued at market value at 31 December 2022.

2. INCOME

2(a) Income from donors
Service collection
Donations
The Talents scheme
2(b) Other voluntary income
Legacies and bequests
2(c)
Income from operating activities:
to further the Council's objectives
Fees
2(d) Income from operating activities:
to generate funds
Magazine
Traidcraft
Administration fees
Other Fundraising activities		 Unrestricted funds
2022
2021
£
£
13,523
16,024
4,960
6,020
-
57		 Unrestricted funds
2022
2021
£
£
13,523
16,024
4,960
6,020
-
57
18,483 22,101
Unrestricted funds
2022
2021
£
£
-
-
- -
Unrestricted funds
2022
2021
£
£
5,069
2,121
5,069 2,121
Unrestricted funds
2022
2021
£
£
-
-
697
602
-
-
2,147
-
2,844
602

2(e) Income from church groups

St John's Community Centre:Hire
Catering surplus, Social events & Donations
Trinity shop
St John's Community Centre Total		 Unrestricted
Funds
2022
£
21,644
379
3,211
25,234
25,234		 Restricted
Funds
2022
£
-
-
-
-		 Total
2022
£
21,644
379
3,211
25,234		 Total
2021
£
15,116
2,075
-
17,191
- 25,234 17,191

10

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022

2(f) Income from investments

Income from investments
Dividends received
Interest received
Other income
Gift Aid Tax
Government Grants
Other Grants
Insurance Claims		 Endowment funds
Total
Total
2022
2021
£
£
951
920
-
-
951
920
Restricted funds
2022
2021
-
-
-
-
21,400
-
5,750
-
27,150
-		 Endowment funds
Total
Total
2022
2021
£
£
951
920
-
-
951
920
Restricted funds
2022
2021
-
-
-
-
21,400
-
5,750
-
27,150
-		 Unrestricted funds
Total
Total
2022
2021
£
£
-
-
47
4		 Unrestricted funds
Total
Total
2022
2021
£
£
-
-
47
4
920 47 4
Unrestricted funds
2022
2021
£
£
2,549
8,978
-
-
-
1,010
- - 12,537

2(g) Other income

3. EXPENDITURE

onations
Missionary and charitable giving:		 Unrestricted funds
2022
2021
£
£
-
-		 Unrestricted funds
2022
2021
£
£
-
-
- -

3(a) Donations

3(b) Activities directly related to the work of the church

Establishment costs:
Organ Tuning & Taxis
Church Utilities
Insurance
Repairs & Maintenance
Depreciation
Ministry costs:
Diocesan parish share
Talents
Church Services
Clergy expenses
Traidcraft
Miscellaneous		 Total
Total
2022
2021
-
-
-
-
-
-
-
-
-
-
951
920
-
-
-
-
-
-
-
-
-
-
951
920
Endowment funds		 Total
Total
2022
2021
-
-
2,400
-
-
-
-
-
-
-
19,000
-
-
-
-
-
-
-
-
-
-
-
21,400
-
Restricted funds		 Total
Total
2022
2021
-
-
2,400
-
-
-
-
-
-
-
19,000
-
-
-
-
-
-
-
-
-
-
-
21,400
-
Restricted funds		 Total
Total
2022
2021
£
£
198
156
5,543
4,570
8,586
8,477
2,713
7,391
74
92
14,049
9,705
-
-
2,561
1,319
-
-
690
954
807
461
Unrestricted funds		 Total
Total
2022
2021
£
£
198
156
5,543
4,570
8,586
8,477
2,713
7,391
74
92
14,049
9,705
-
-
2,561
1,319
-
-
690
954
807
461
Unrestricted funds
951 - 35,221 33,125

11

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022

3(c) Church groups' expenditure

hurch groups' expenditure
St John's Community Centre:Cleaning & Security
Electric, Heating oil, Water rate, Ins, Repairs & maintenance
Telephone, Stationery, Performing rights & TV licences
Other expenses
Depreciation
St John's Community Centre Total
Total Expenditure		 Unrestricted
Funds
2022
17,703
4,991
476
77
400
23,647
23,647		 Restricted
Funds
2022
-
-
-
-
-
-		 Total
2022
17,703
4,991
476
77
400
23,647		 Total
2021
20,374
1,491
443
252
400
22,960
- 23,647 22,960

3(d) Church support costs

Printing, stationery & advertising
Telephone
Bank charges
4.
STAFF COSTS
Gross salaries, Employers NIC and Pension contributions		 Total
Total
2022
2021
£
£
974
781
247
183
326
29
Unrestricted funds		 Total
Total
2022
2021
£
£
974
781
247
183
326
29
Unrestricted funds
1,547 993
2022
£
13,784		 2021
£
16,829

The church employed a cleaner for the community centre and a Parish administrator. No employees earned more than £60,000.

5. PCC MEMBERS' EXPENSES AND REMUNERATION

No expenses have been paid to any trustees.

The provision of the Vicar to work within the parish is enabled by the Church Commissioners and the Canterbury Diocesan Board of Finance. This is indirectly funded by the payment of the Ministry fund element of the Diocesan parish share. No other members of the PCC, or persons connected to them, received any remuneration.

6. TRANSFERS

Transfers were made from the general unrestricted fund to the church hall and community centre designated fund of £Nil (2021: £5,369) to clear an overspend on the fund.

12

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022

7. TANGIBLE FIXED ASSETS

Cost or valuation
As at 1 January 2022
Additions
As at 31 December 2022
Depreciation
As at 1 January 2022
Charge for the year
As at 31 December 2022
Net Book Value
As at 31 December 2022
As at 31 December 2021
K INVESTMENTS
Market value as at 1 January 2022
Net investment gains/(losses)
Investment disposals
Market value as at 31 December 2022		 Community
Lighting
Centre
£
£
71,760
20,000
-
-
71,760
20,000
71,760
16,800
-
400
71,760
17,200
-
2,800
-
3,200		 CCTV
£
18,341
-		 Furniture &
Equipment
£
13,612
-		 Total
£
123,713
-
18,341 13,612 123,713
18,341
-		 13,242
74		 120,143
474
18,341 13,316 120,617
- 296 3,096
- 370 3,570
Unrestricted
Funds
£
-
-
-		 Endowment
Funds
£
36,252
(4,268)
-		 Total
£
36,252
(4,268)
-
- 31,984 31,984

8. UK INVESTMENTS

The investments represent Central Board of Finance Investment Income Shares and are unlisted.

13

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022

9. DEBTORS

Other debtors
Prepayments and accrued income
REDITORS: AMOUNTS FALLING DUE WITH IN ONE YEAR
Creditors
Church groups - In memory of Mrs Kennard
Accruals		 2022
£
-
2,245		 2021
£
-
2,393
2,245 2,393
2022
£
-
-
2,121		 2021
£
-
-
1,700
2,121 1,700

10. CREDITORS: AMOUNTS FALLING DUE WITH IN ONE YEAR

11. MOVEMENTS IN THE YEAR ON FUNDS

Unrestricted funds
General Funds
Designated funds:-
Church Hall and Community
Centre
Total unrestricted funds
Restricted Funds
Roof refurbishment
Bell Rope Fund
Choir Fund
Tower Fund
Lower Income Communities Funding
Diocese Heating Grant
Total restricted funds
Endowment fund
Cheeseman Curate Fund
Total funds		 Balance at
01.01.22
£
41,790
3,200		 Incoming
Resources
£
26,443
25,234		 Outgoing
Resources
£
(37,548)
(23,647)
(61,195)
-
-
-
-
(19,000)
(2,400)
(21,400)
(5,219)
(87,814)		 Gains/
(Losses)
£
-
-		 Transfers
£
-
-		 Balance at
31.12.22
£
30,685
4,787		 Balance at
31.12.21
£
41,790
3,200
44,990
4,539
905
309
5
-
-		 51,677
5,750
-
-
-
19,000
2,400		 -
-
-
-
-
-
-
(4,268)
(4,268)		 -
-
-
-
-
-		 35,472
10,289
905
309
5
-
-		 44,990
4,539
905
309
5
-
-
5,758
39,461		 27,150
951		 -
-		 11,508
30,925		 5,758
39,461
90,209 79,778 - 77,905 90,209

12. UNRESTRICTED FUNDS

General funds

General funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purpose of the PCC.

Designated funds

The Church Hall and Community Centre is managed by the PCC. It operates an account for the day to day running of the centre and these funds are designated, by the PCC, solely for that purpose.

The St John's Play Group operated under the control of a sub-committee who reported to the PCC. It shared a bank account with the Church Hall and Community Centre and the fund was designated solely for the day to day running of the group. The Play Group was no longer in operation during the reporting period.

The Trinity Shop is a group who raise funds for the day to day running of the Church. The funds are not subject to any restrictions and are under the control of the PCC.

The Friends of St John's Church raise funds for the Church which may be used for any of the Church's objectives.

14

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022

13. RESTRICTED FUNDS

The roof refurbishment fund comprises insurance claims and grants received towards the roof and rainwater system repairs and refurbishments. The major contract works associated with this project are allocated against this fund. Any balancing costs will be covered from the general unrestricted fund.

The Bell Rope Fund holds funds raised by the bell ringers and is used for the maintenance of the bells and replacement of the bell ropes. This fund is designated solely for this purpose and is controlled by the PCC with guidance on its use from the ringers.

The St John's Choir fund is a holding account for funds raised, primarily by members of the choir, for the replacement and upkeep of choir robes, choir hymn books and music sheets etc. The fund is under the control of the PCC, with guidance from members of the choir, and is designated solely for that purpose.

The Tower Fund holds funds raised or received for the maintenance and upkeep of the Bell Tower.

14. ENDOWMENT FUND

The Cheeseman curate fund represents a bequest, the income of which is to be used to fund the provision and work of a curate in the parish. The income of this fund has been used towards the curate's ministry fund element of the parish share.

15. ANALYSIS OF NET ASSETS BY FUND

Fixed assets
Tangible fixed assets
Investments
Current assets
Current liabilities
Fund balance		 Unrestricted funds
General
Designated
Fund
Fund
£
£
296
2,800
-
-
32,510
1,987
(2,121)
-
30,685
4,787		 Restricted
Funds
£
-
-
11,508
-
11,508		 Endowment
Fund
£
-
36,252
3,209
-		 Total
2022
£
3,096
36,252
49,214
(2,121)		 Total
2021
£
3,570
36,252
52,087
(1,700)
30,685 39,461 86,441 90,209

16. CONTINGENT LIABILITY

The total Parish share originally charged by the Diocese for 2022 was £30,000 (2021: £36,154). During 2022, payment of £34,000 (2021: £10,625) has been made and therefore an overpayment of £4,000 (2021 underpayment: £25,529) has arisen. Discussions with the Diocese continue to take place over the size of the share. It has been verbally agreed that the amount underpaid for 2015 of £20,646 and 2014 of £22,212 would be underwritten by them pending further discussions. Thus the total underpayment of Parish Share as at 31 December 2022 is £130,163 (2021: £134,163).

15

St John's Church Margate - Accounts - 31 Dec 2022

Final Audit Report

2023-05-16

Created: 2023-05-16 By: Daniel Payne (dan@beresfordsaccountants.com) Status: Signed Transaction ID: CBJCHBCAABAAXm4yX6ifzoOsChiuqHS5ZvCKp2dUmdYp

"St John's Church Margate - Accounts - 31 Dec 2022" History

Document created by Daniel Payne (dan@beresfordsaccountants.com)

2023-05-16 - 13:34:47 GMT

Document emailed to kbate240476@gmail.com for signature

2023-05-16 - 13:35:48 GMT

Email viewed by kbate240476@gmail.com

2023-05-16 - 13:41:41 GMT

Signer kbate240476@gmail.com entered name at signing as Kay Bateman 2023-05-16 - 13:42:30 GMT

Document e-signed by Kay Bateman (kbate240476@gmail.com)

Signature Date: 2023-05-16 - 13:42:32 GMT - Time Source: server

Document emailed to Daniel Payne (dan@beresfordsaccountants.com) for signature 2023-05-16 - 13:42:34 GMT

Email viewed by Daniel Payne (dan@beresfordsaccountants.com) 2023-05-16 - 13:43:11 GMT

Document e-signed by Daniel Payne (dan@beresfordsaccountants.com) Signature Date: 2023-05-16 - 13:43:17 GMT - Time Source: server

Agreement completed.

2023-05-16 - 13:43:17 GMT