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2022-12-31-accounts

Pagell

Contents
Page
Administrative
Information:
Parochial
Church
Council		 (PCC)
Bankers
Independent
Examiner
Objectives
and Activities:
Achievements
and Performance:
Public Benefit
Grant Making
Volunteers
Church Membership
Attendances
A Year in the Life ofSt Margaret's 2022:
Where We Are and The Way Forward:
Financial
Review:		 10
Reserves Policy 10
Utility Costs Consideration 10
Going Concern Consideration 11
Structure
Governance
and		 Management: 11
Induction
and Training of		 Trustees 12
Statement ofTrustees'
Responsibilities		 12
Risk Management 12
Committees 13
Deanery 5 Diocesan Synod: 14
Fabric, Goods and Ornaments: 14
Church 14
Churchyard 14
Clergy Housing 14
Millennium
Centre		 15
Safeguarding
Report:		 15
Financial Statements: 16
Independent
Examiners
Report		 17
Statement
for year ending		 31/12/2022 18
Balance sheet at 31/12/2022 20
Notes to financial statements 21
Analysis of income and expenditure 23
Statement
ofassets and liabilities		 25
Fund movement 27
Related trusts and charities 27
Prior period comparative SOFA for year ending 31/12/2021 28
Detailed notes 30

worship
under Section		 3ofthe Charities
Act 19		 93.Charit y
Number 11348
Church address St Margaret's
Church
High Street
Rainham
Kent MEB 7JH
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		 up ta January 2022
Licensed
Lay Ministers
from APCM 2021to 2022 MrS Ann CritChley
from APcM2022to 2023 Mrs Janet Garnons-Williams
Churchwardens
from APCM 2021to 2022 Miss Lorna Dyer
Mrs Davina
O'Brien
from APCM 2022 to 2023 Mrs Davina
O'Brien
Mrs Linda Randall
Deanery Synod
from APCM 2020to 2023 Mrs Davina
O'Brien
Mrs Kayleigh
Ward
Mr Frank Pantony
Diocesan Synod Mr Terry Whittaker Licensed Lay Worker, and licensed funeral
from January 2021to July 2024 minister
Elected to PCC
from APCM 2019to 2022 Mrs Heather
Baker
Mr James Jackson
Mrs Felicity Holton
from APCM 2020 to 2022 Mrs Janet Garnons-Williams
Miss Charley Whittaker
from APCM 2020to 2023 Mr Nick Grief
Mrs Linda Randall Parish Safeguarding Officer
from APCM 2021to 2024 Miss Hollie Allen
Mr Nigel Barfoot
Mr Owen Smith Vice-chair from May 2022
from APCM 2022 to 2025 Mrs Heather
Baker
Miss Lorna Dyer
Mrs Felicity Holton
Mr David Ormiston
Miss Charley Whittaker
In attendance Mr Sam Holden PCC Treasurer
Mrs Jo Whittaker PCCSecretary
Bankers National
Westminster		 Bank pic
70-74 High Street
Rainham
Kent MEB 7JH
Independent EXaminer
Natalie
Harrison		 IACA FCCA CrA TEP)
Beak Kemmenoe
Chartered
Accounts
1-3Manor Road
Chatham
Kent ME4 6AE

Attendances 2020 2021 2022
Average weekly attendance during October 81(1,375 114(1,880 99(1,190
online) online) online)
Easter Day 4 (2,826 9 (2,568 194(610
online) online) online)
Christmas
Day		 1,480 98(420 199(400
online online) online)
Adult Baptisms
Child Baptisms 29 38
Confirmations
Marriages 10 15
Services ofThanksgiving for a Marriage
Funerals
in Church		 16 16
Funeral service in Church, burial in
Churchyard
Funeral service in Church, burial in cemetery
Funeral service in Church, committal at 12
Crematoria
Funerals
in Crematoria		 only 32 35 27
Interment
ofAshes		 20
Memorial
Services in Church		 Not recorded Not recorded 2

Unrestricted Designated Restricted Restricted Endowment Total Prior Year
Funds Funds Funds Funds Funds Funds
INCOME AND
ENDOWNIENTS
Donations
and legacies		 248,303 248,303 154,931
Income from charitable activities 14,521 14,521 16,669
Other trading activities 66,570 66,570 50,773
Investments 8,630 10 40 8,680 2,256
Other income 5,473 5,473 140,996
Total Income 343,497 10 40 343,547 365,627
EXPENDITURE ON
Raising funds 49,852 49,852 59,052
Expenditure
on charitable		 218,470 30,561 11,767 260,798 253,540
activities
Total Expenditure 268,322 30,561 11,767 310,650 312,594
Gains / losses on investment (339) (339) (6)
assets
Net Income / (expenditure) 75,175 (30,890) (11,727) 32,558 53,036
resources before transfer
Transfers
Gross transfers
between		 funds 1,271 432 1,703 154,454
in
Gross transfers
between		 funds (432) (1,271) (1,703) (154,454)
out
Other recognised
gains		 /losses
Gains / losses on investment
assets
Gains on revaluation, fixed assets,
charity's
own use
Net movement
In funds		 76,015 31,729 (11,727) 32,558 53,036
Reconciliation offunds
Total funds brought forward 198p748 171727 365(258 735,734 682,697
Total funds carried forward 274,763 139,998 353,532 768,293 735,734
Description This year Last year
Fixed assets
Tangible 625,939 447,069
Investment 10 10
Total Fixed assets 625,949 447,079
Current assets
Debtors 8 Prepayments 4,210 23,088
Cash at bank & in hand 159,447 277,510
Total Current assets 163,657 300,599
Liabilities
Creditors
—amounts		 falling due in 21,314 11,944
one year
Total Liabilities 21,314 11,944
Net Asset surplus(deficit) 768,293 735,734
Reserves
Excess / (deficit) to date 32,897 53,034
Starting balances 735,734 682,698
Gains/(losses) on investment assets (338)
Total Reserves 768,293 735,734
Represented by
funds
Unrestricted 274,763 198,748
Designated 139,998 171,727
Restricted 353,532 365,259
Endowment
Total 768,293 735,734

Unrestricted
Designated		 Restricted Restricted Endowment This Year Last
Year
Gift Aid Donations 57,202 57,202 59,205
Other Planned
Giving		 249 249
Collections 7,199 7,199 2,036
Donations
(2a)		 41,846 41,846 45,518
Gift Aid Recovered 18,794 18,794 12,287
Legacies 29,992 29,992 13,927
Grants (2b) 92,060 92,060 16,686
VAT Recovered 961 961 5,272
Total 248,303 248,303 154,931
Income from Church Activities
Income from Bazaar 893 893
Income from other activities 87 87 1,681
PCC Fees 13,540 13,540 14,988
DBFFees
Total 14,521 14,521 16,669
Other Trading Activities
Millennium
Centre Lettlngs		 66,570 66,570 50,773
Total 66,570 66,570 50p773
Investments
Dividends
gz interest.		 1,630 10 40 1,680 125
Rent —letting of Childscroft Rd 7,000 7,000 2,130
Total 8,630 10 40 8,680 2,256
Other Income
Insurance
receipts		 5,473 5,473 2,549
Employment
Cost Refund		 3,348
Gain on sale offixed assets 135,098
Total 5,473 5,473 140,996
TOTAL INCOME 343,497 10 40 343,547 365,627

Unrestricted Designated Restricted Endowment This Year Last Year
Cost offund-raising events 1,448 1,448 1,778
Millennium
Centre running		 48,404 48,404 57,275
costs
Sunburst
Bookshop		 running
costs
Total 49,852 49,852 59,053
Church activities
Unrestricted Designated Restricted Endowment This Year Lest Year
Missionary
&charitable
giving:
Overseas
missionary		 societies 54 54
Tafara
Link lHarare Diocese)		 1,000 1,000
Relief &.development
agencies
Home missions
&other		 491 491 157
church societies
Sub-total 1545 157 157
Parish Share ofdiocesan costs 66,700 66,700 64,646
Salaries
&.wages of parish staff		 36,615 36,615 27,479
Working expenses of clergy 2,715 2,715 1,438
Clergy housing expenses 6,923 6,923 10,233
Parish training
&evangelism		 9,488 9,488 25,877
Church
insurance		 4,214 4,214 4,071
Other church running expenses 29,732 29,732 25,996
Depreciation
ofproperties		 & 30,561 11,767 42,328 40,812
equipment
Church
repairs &maintenance		 4,228 4,228 10,614
Upkeep ofservices 12,415 12,415 19,652
Administration
costs		 7,356 7,356 6,436
Upkeep of churchyard 5,938 5,938 5,053
Church
utility expense		 13,151 13,151 11,077
Church fabric repairs 5,280 5,280
Heritage Project 12,170 12,170
Total 216,470 25,098 11,767 253,540 253,540
TOTAL EXPENDITURE 268,322 23,565 11,767 312,593 312,593

General Oeslgnated Restricted Endowment This Year Last Year
Designated Freehold
Property		 277,500 277,500 60,000
Accumulated depreciation (109,585) (109,585) (82,622)
Investment assets 10 10 10
Designated furniture,
fixtures 8		 89,004 89,004 89,004
fittings
Designated office furniture 25,191 25,191 24,266
Millennium Centre —Freehold 33,762 601,604 635,366 635,366
property
Millennium Centre— (32,555) (258,981) (291,536) (278,945)
accumulated depreciation
Total 10 283,317 342,623 625,950 447,079
Current assets —Cash at bank & In hand
General Designated Restricted Endowment This Year Last Year
CBFAccount 71,782 71,782 237,402
Church
Repair Fund —church		 1,158 1,158 1,153
Church
Repair Fund —60		 818 818 729
Childscroft Road
Heritage
Fund CBFAccount		 3,127 3,127 3,085
Operating
Account		 170,522 (141,258) 1,240 30,504 18,291
Petty Cash 16
Heritage
Fund Account		 660 7,784 8,444 8,444
Millennium Centre Current 31,584 31.584 5,768
Account
Tied Income Account 2,752 9,278 12,030 1,904
Millennium Centre Petty Cash 10
Total 277 300 (139s282) 21s428 159,447 277,511
Current assets —Debtors
General Designated Restricted Endowment This Year Last Year
income Tax Recoverable 2,652 2,652 (2)
General
Fund Prepayments		 1,435
General
Fund Accrued Income		 1,558 1,558 20,273
Millennium Centre —Hire 22
debtors
Millennium Centre -Accrued 1,361
Income
Sunburst Bookshop-
Prepayments
Total 4,210 4,210 23,089

Liabilities —Agency Accounts Liabilities —Agency Accounts
General Designated Restricted Endowment This Year Last Year
Agency collections 6,383 6,383 2,435
Tote I 6,383 6,383 2,435
Liabilities —Creditors: Amounts falling due In one year
General Designated Restricted Endowment This Year Last Year
General fund accruals
Deferred income
Creditors for goods 8,services
NatWest
Business
Card
MC —Accruals		 6,552
1,400
2,794		 4,135 10,687
1,400
2,794		 2,808
3,793
1,397
MC —Deferred income 861
MC —Creditors—
Goods/services
MC Security deposits 50 50 650
repayable
Total 10,796 4,135 14,931 9,509
Grand Total 270~726 144p035 353p532 768,293 735,734

Opening Incoming Outgoing Transfers Gale/Loss Journal Closing
Balance resources resources Entries Balance
Church
Repair Fund		 2,589 9 (839) 1,759
(Designated)
Designated
Fixed		 167,106 29,736 (338) 137,031
Assets (Designated)
Heritage
Fund		 10,868 40 10,908
(Restricted)
St Margaret's 2,031 824 1,207
Millennium
Centre
(Designated)
St Marga r et's 354,389 11,767 342,622
Millennium
Centre
(Restricted)
General
Fund		 198,748 343,496 268,321 839 274,762
(JJnrestricted)
Grand Total 735,734 343,547 310,647 (338) 768,293

Unrestricted Designated Restricted Endowment Total Prior Year
Funds Funds Funds Funds Funds Funds
INCOME AND
ENDOWMENTS
Donations
and legacies		 154,931 154,931 216,688
Income from charitable activities 16,669 16,669 12,127
Other trading
activities		 50,773 50,773 53,256
Investments 2,184 72 2,256 7,395
Other income 5,837 135,098 140,996 10,679
Total Income 230p456 135'171 365,627 300,146
EXPENDITURE ON
Raising funds 60,585 (1,532) 59,052 43,755
Expenditure
on charitable		 216,675 25,098 11,767 253,540 429,810
activities
Total Expenditure 277p260 23565 11p767 312,593 473,565
Net income / (expenditure)
resources before transfer		 (46,804) 111,605 (11,767) 53,033 (173,419)
Transfers
Gross transfers
between		 funds- 153,883 571 154,454 251,956
in
Gross transfers
between
ou't		 funds (571) (153,883) (154,454) (251,956)
Other recognised gains/losses
Gains
/ losses on investment
assets		 2 (6)
Gains on revaluation,
fixed assets,
charity's
own use
Net movement
in funds		 106,510 (41,706) (11,767) 53,036 (173,425)
Reconciliation offunds
Total funds brought forward 92~238 213433 377p025 682,697 856,123
Total funds carried forward 198p748 171,727 365,258 735,734 682,697

3a. Fixed Assets
Restricted Designated Designated Designated
freehold freehold fixtures
and		 office Total
property property fittings equipment
Tangible fixed assets
Gross book value
At 1January 2022 601604 60000 122766 21153 805,523
Additions 217500 4037 221,537
~Isposals
At 31December 2021 601,604 277,500 122,766 25,190 1,027,060
Depreciation
At 1ianuary 2022 247,214 20,833 79,126 11,642 358,815
Charge for the year 11,767 5,573 19,693 5,272 42,305
Dlsposals
At 31December 2022 258,981 26,406 98,819 16,914 401,120
iget book value
At 31December 2022 342,623 251,094 23,947 8,276 625,940
At 31December 2021 354,390 39,167 43,640 9,873 447,070