2020-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of St Margaret Of Antioch, Rainham, Kent

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Church	address	St Margaret's	Church
		High Street
		Rainham
		Kent ME8 BAN
Church	office	St Margaret's	Millennium	Centre	01634362023
		Gatekeeper	Chase
		Rainham
		Kent MEB 9BH

Parochial Church	Council (PCC)
Incumbent	Revd Nathan Ward	Chair
Assistant Priest	Revd Jonathan Jennings
Associate Vicar	Revd Christine Allen	from July 2020
Parish Evangelist	Mrs Jodie Ward
Licensed Lay Minister	Mrs Ann Critchley
Churchwardens	Mrs Davina O'Brien	Treasurer from Dec2020
from 2020 to 2021	Miss Lorna Dyer
	Mrs Janet Garnons-Williams	Deputy Churchwarden	& Lay Chair
Deanery Synod
from APCM 2020to 2023	Mrs Davina O' Brien
	Mrs Kayleigh Ward
	Mr Frank Pantony
Diocesan Synod	Mr Terry Whittaker
Elected to PCC
From APCM 2017to 2020	Mr John Gilkison
	Mrs Linda Randall
from APCM 2018to 2021	Mr David Ormiston
	Mrs Davina O'Brien
from APCM 2019to 2022	Mrs Heather Baker

Attendances			2019	2020	2020
				in person	online
Average weekly attendance		during October
(limited numbers due to social	distancing J
			141	81	1,375
Easter Day (church building	closed)		160		2,826
Christmas Day (church building		closed)	163	4	1,476
				(clergy s tech)
Adult Baptisms
Child Baptisms			39
Confirmations
Marriages			12
Services ofThanksgiving	for	a Marriage
Funerals in Church				16
Funerals in Crematoria			32	32
Interment ofAshes			14

				Unrestricted	Designated	Designated	Designated	Restricted	Endowment	Total	Prior Year
				Funds		Funds		Fllllds	Funds	Funds	Funds
INCOME AND
ENDOWMENTS
Donations and legacies				216,689						216,689	128,398
Income from charitable	activities			12,127			918			12,127	27,156
Other trading activities				52,339				13		53,257	114,207
Investments				7,382						7,395	12,492
Other income				10,679						10,679
Total Income				299,216			918	13		300,147	282,253
EXPENDITURE ON
Raising funds				43,756						43,756	56,473
Expenditure on charitable			activities	399,676		18,367		11,767		429,810	242,445
Total Expenditure				443,432		18,367		11,767		473,566	298,918
Net income l(expenditure) resources before transfer				(144,216)	(17,449)			(11,754)		(173,419)	(16,665)
Transfers
Gross transfers between		funds - in		93,170	158,786					251,956
Gross transfers between oul		funds-		(158,786)	(	'	)			(251,956)
Other recognised gains		Ilosses
Gains Ilosses on investment assets				(7)						(7)
Gains on revaluation, fixed			assets,
charity's own use
Net movement in funds				(209,839)		48,167		(11,754)		(173,426)	(16,665)
Reconciliation offunds
Total funds brought forward				302,077	165,267			388,780		856,124	872,789
Total funds carried forward				92,238	213,434			377,026		682,698	856,124

BALANCE	SHEET at 31	Dec	ember	2020
	Description				This	Last
					year	year
Fixed assets
	Tangible				558,861	522,429
	Investment				7	14
	Total Fixed assets				558,868	522,443
Current assets
	Debtors & Prepayments				6,911	16,449
	Short term Deposits				96,166	195,766
	Cash at bank 8 in hand				34,117	137,405
	Total Current	assets			137,194	349,620
Liabilities
	Creditors - amounts year		falling due in one		13,364	15,939
	Total Liabilities				13,364	15,939
	Net Asset surplus(deficit)				682,698	856,124
Reserves
	Excess / (deficit) to		date		(173,419)
	Starting balances				856,124	856,125
	Gains/(losses)	on investment		assets	(7)	(1)
	Total Reserves				682,698	856,124
Represented
by funds
	Unrestricted				92,238	302,077
	Designated				213,434	165,266
	Restricted				377,026	388,780
	Endowment
	Total				682,698	856,124

Donations and Legacies
	Unrestricted	Designated	Restricted	Endowment	This Year	Last Year
Gift Aid Donations	58,469				58,469	53,680
Other Planned Ginnng	1,929				1,929	6,795
Collections	1,952				1,952	9,422
Donations	49,262				49,262	16,425
Gift Aid Recovered	15,208				15,208	16,350
Legacies	37,945				37,945	500
Grants	28,782				28,782	25,226
VAT Recovered	23,142				23,142
Total	216,689				216,689	128,398
Income from Church Activities
Income from Bazaar						2,140
Income from other activities	47				47	4,853
PCC Fees	12,080				12,080	12,177
DBFFees						7986
Total	12,127				12,127	27,156
Other Trading Activities
Parish magazine advertising
Parish magazine sales
Sunburst Bookshop sales	8,338				8,338	18,610
Millennium Centre Lettings	44,001	918			44,919	95,597
Total	52,339	918			53,257	114,207
Investments
Dividends &interest.	419		13		432	1,447
Rent —letting ofcurates housing	6,963				6,963	11,045
Total	7,382		13		7,395	12,492
Other Income
Insurance receipts	10,679				10,679
Gain on sale offixed assets
Total	10,679				10,679
TOTAL INCOME	299,216	918	13		300,147	282,253

Raising funds
	Unrestricted	Designated	Restricted	Endowment	This Year	Last Year
Cost ofbazaar &fund-raising	4,900				4,900	1,476
events
Millennium Centre running costs	32,756				32,756	48,070
Sunburst Bookshop running	6,100				6,100	6,927
costs
Total	43,756				43,756	56,473
Church activities
	Unrestricted	Designated	Restricted	Endowment	This Year	Last Year
Missionary 8 charitable giving:
Overseas missionary societies
Tafara Link (Harare Diocese)						1,005
Relief &development agencies
Home missions &other church	108				108	331
societies
Sub-total	108				108	1,336
Parish share ofdiocesan costs	82,000				82,000	72,000
Salaries &wages of parish staff	36,808				36,808	34,229
Working expenses of clergy	1,053				1,053	1,363
Clergy housing expenses	8,013				8,013	9,585
Parish training &evangelism	28,331				28,331	49,178
Church insurance	4,180				4,180	4,767
Other church running expenses	40,268	(5472)			34,796	7,573
Depreciation of properties &		31,003	11,767		42,770	26,313
equipment
Church repairs &maintenance	132,959	(7164)			125,795	11,413
Upkeep ofservices	7,995				7,995	7,901
Administration costs	11,440				11,440	8,232
Upkeep ofchurchyard	6,886				6,886	1,143
Church utility expense	6,870				6,870	3,963
Sunburst Bookshop expenses	2,519				2,519	3,449
Parish magazine expenses
Church fabric repairs	30,246				30,246
Total	399,676	18,367	11767		429,810	242,445
TOTAL EXPENDITURE	443,432	18,367	11,767		473,566	298,918

Fixed Assets —Tangible	Assets
	General	Designated	Restricted	Endowment	This Year	Last Year
Designated Freehold Property		180,000			180,000	180,000
accumulated depreciation		(100,942)			(100,942)	(73,660)
Investment assets					7	14
Designated furniture, fixtures	&	89,004			89,004	22,815
fittings
Designated office furniture		20,319			20,319	7,307
Millennium Centre —Freehold		32,230	601,604		633,834	633,834
property
Millennium Centre—		(27,907)	(235,447)		(263,354)	(247,867)
accumulated depreciation
Total	7	192,704	366,157		558,868	522,443
Current assets —Cash at	bank & in hand
	General	Designated	Restricted	Endowment	This Year	Last Year
CBFAccount	72,350				72,350	171,931
Church Repair Fund —church		11,221			11,221	12,110
Church Repair Fund —60		6,452			6,452	5,912
Childscroft Road
Church Repair Fund —123		3,058			3,058	2,740
Station Road
Heritage Fund CBFAccount			3,085		3,085	3,072
Operating Account	(1355)		7,431		6,076	22,890
Petty Cash	22				22	150
Heritage Fund Account			7,784		7,784	7,784
Sunburst Bookshop Operating	7,256				7,256	5,994
Account
Sunburst Bookshop Petty Cash						66
Millennium Centre Current	11,932				11,932	98,868
Account
Millennium Centre Deposit	1,034				1,034	1,509
Account
Millennium Centre Petty Cash	13				13	146
Total	91,252	20,731	18,300		130,283	333,172
Current assets —Debtors
	General	Designated	Restricted	Endowment	This Year	Last Year
Income Tax Recoverable	5,111				5,111	7,052
General Fund Prepayments						1,218
General Fund Accrued Income	1,800				1,800
Millennium Centre —Hire debtors Millennium Centre-						6,719 523
Prepayments
Sunburst Bookshop-						936
Prepayments
Total	6,911				6,911	16,448

Liabilities —Age	ncy Accounts
		General	Designated	Restricted	Endowment	This Year	Last Year
Agency collections				7,431		7,431
Total				7,431		7,431
Liabilities —Creditors: Amounts		falling due	in one year
		General	Designated	Restricted	Endowment	This Year	Last Year
General fund accruels		900				900	3,543
Deferred income							1,925
Creditors for goods	fk services	4,223				4,223	233
NatWest Business	Card	800				800	482
MC —Accruals							394
MC —Deferred income							7,637
MC —Creditors—							890
Goods/services
MC Security deposits repayable							650
Sunburst Bookshop	—Creditors						185
—Goods/services
Total		5,933				5,933	15,939
Grand Total		92,237	213,435	377,026		682,698	856,124

			Opening Balance	Incomlog resources	Outgoing resources	Transfers	Gain/Loss	C losing Balance
Church Repair Fund			20,762			(32)		20,730
(Designated)
Designated	Fixed Assets		136,432		14,647	66,566		188,381
(Designated)
Heritage Fund (Restricted)			10,854	13				10,869
Sl Margaret's	Millennium	Centre	8,042	918	3,720	(918)		4,322
(Designated)
St Margaret's	Millennium	Centre	377,925		11,767			366,157
(Restricted)
General Fund (Unrestricted)			302,077	299,216	443,432	(65,616)	(7)	92,238
Grand Total			856,124	300,147	473,566		(7)	682,698

		Unrestricted	Oeslgnated	Restricted	Endowment	Total
		Funds	Furl de	Funds	Funds	Funds
Donations and legacies		96,767		26,903		123,670
Other trading activities		117,375		3,825		121,200
Investments		12,408	61	23		12,492
Church activities		20,163				20,163
Total Income and
Endowments		246,713	61	30,751		277,525
EXPENDITURE ON
Church activities
		171,612	14,546	52,837		238,995
Raising funds		59,794				59,794
Total Expenditure		231,406	14,546	52,837		298,789
Net gains/(losses)	on
investments
On revaluation
		(2)				(2)
Net income
/(expenditure)		15,305	(14,485)	(22,086)		(21,266)
Transfers between	funds
		(23,835)	16,338	10,436	(2,939)
NET MOVEMENT	IN
FlIMrlS		(8,530)	1853	(11,650)	(2,939)	(21,266)
Balances brought
1 January 2019		310,608	163,413	400,431	2,939	877,391
Balances carried forward
31 December 2019		302,078	165,266	388,781		856,125