ST. MARGARET'S R A I N HA ANNUAL REPORT AND FINANCIAL STATEMENTS of the PAROCHIAL CHURCH COUNCIL FDrtheyear ended 31 December 2024 Incumbent R8vd Nathan Ward St Margaret's Church Office St Margaret's Church High Street Rainham ME8 7JH Bank National Westminster Bank plc 148 High Street Chatham ME4 4DB Independent Examin8r Natalie Harrison FCA FCCA CTA TEP Beak Kemmenoe Chartered Accountants 1-3 Manor Road Chatham ME4 6AE Registered Charity No. 1134849
Table of Contents Annual Report...................... Administrative informatlon... Objectives and Activltles.... . Publlc Beneflt......... Achlevements and Performance.. PLans for 2025... ... 13 Grant Making.... 15 Volunteers .. Church EloGtoraL Roll..................... .15 15 Flnanclal Review.. Reserves Pollcy .......... Utility Costs Conslderstlon,......., Golng Concern Conslderallon 15 .16 .16 .16 Structure, Governance and Management..................... InductlDn & Tra5ning of TrtASt8e8...... Rlsk Man8gem8nt.... statemertt of Trustees Responsibilities ................ Commlttees.........,..,,.....,.,............ 17 .18 .18 .18 .19 Deanerysynod R6POrt...................... ... 19 Diocesan Synod Report................... . Fabrlc, Goods and Ornaments ..,... ......... . Church.,..................,......,.,........,......... Churchyard........................ Clergy Houslng............. Nillennlum Centre... .20 .20 .20 .20 .21 Safeguarding Report ............... .... .. .21 Financlal Statements...................................... . .... . ..24 Independent Examlner's Reportto the Parochlal Church Coun¢llfortheyear ended 31 December 2024,.......................................... . . .. Re$pe¢tlve Responslbllitles of the Tru8taas and the Independent Exemlner ....................,,.......... B8sls of Independent Examlner's Statemant,............ Independent Examlner's Statement. Statement of Flnanclal A¢tlvltles for theyoar Ended 31°, December 2024........................ 26 .24 .24 .24 Balence Sheet at 31 Dec&mber 2024................... .28 Not08 to the Flnanclal Statements . 1 Accounting Pollcies. 2An8lysis of Income and expendlture.... 3 Statement of Assets and LlabllEties............. 4 Fund Noverngnt. 5 ReLated Trusts and Charlties,.......,....... 6 Prlor Period Compar8tlve SOFA. .29 .29 .31 .33 .35 .35 .36
Detailed not88.......... 2a. Donatlons....................,..........,............... 2b. Grants Recelved.. 2c. Parlsh Share of Diocesan Costs...... 2d. Church Utility Expen8e 38. Fixed Assets...... InvestmentAssets............................,....... 48. Funrl Movement.... ........ .38 ..38 ..38 .38 .38 .39 .39 .39
Annual Report Administrative information The PCC present their r6port with Flnanclal Statements of the charityfor the year ended 31 December 2024, The PCC have adopted the provisions of the Statement of Recommended Practice for Accountlng and Reporting by Charities issued in January 2015, together with the Church Accountlng Regulations 2006 and Section 145 of the Ch8rltles Act 2011 , St Margaret's Church is situated in the High Street, R£inham. It Is part of the Diocese of Rochester, within the Church of England. It has a charitable status as a registered place of worshlp undersection 3 of the Charities Act 1993. Ch8rityNumber 1134849 Church address St M8rg8ret'8 Church High Street Rainham Kent ME8 7JH 01634 362023 Parochial Church Council (PCC) Incumbent Revd Nathanward Chair Assistant Priest Revd Jonathan Jennings Licansed Lay Minister from APCM 2028 to 2025 Mrs Janet Garnons-williams Churchwardens from APCM 2023to 2024 Mrs Davlna O'Bri8n Mrs Linda Randall Irorn APCM 2028to 2024 Mrs Llnda Randall Mrsimon Hall Deanery Synod from APCM 2023 to2026 MrTerry Whittaker Mrs Janet Garnons-williams Miss Lorna Dyer fromAPCM 2024 to2026 Vlce Ch8lr Dlocesan Synod MrTerry Whittal<er Ucensed L8y Worker, and Ilcensed fungr8lminister Iromluly 2024toJuiy2027 Elected to PCC from APCM 2021 to 2024 Miss HolLle Allen Mr Nigel Barfoot Mr Owen Smith Irom APCM 202210 2025 Mrs Heather Baker Miss Lorna Dyer Mrs Fellcity Holton
Mr David Oimiston Miss Charley Whittaker fron)APCM 2023 to2026 Mr NickGrief Mr Philip Holdcroft From APCM 2024 tD2027 Mrs Emi Inetianbor Mrs Jean Penney In attendance Mrsam Holden Mrs Davina O'Bri8n Mrs Jo Whlttaker PCC fr6asurer up to May2024 PCC Treasurer from M8y2024 PCC S8crpt8ry Banlcers Natlonalwestminster Bank plc 148 High Street Chatham Kent ME4 4DB Independent Examiner Natalie Harrison IFCA FCCA CTA TEPI Beak Kemmenoe Chartered Accounts 1-3 Manor Road Chatham Kent ME4 6AE Objectives and Activities The PCC is committed to enabling as many people as possible to work in our Church and to become part of our Parish community. It maintains an overview of worship throughout the Parlsh and malces suggestions on how our services can involve the many groups that live within the Parish. Our services and worship put faith into practice through prayer, Scripture, music and sacrament. In the planning of activities, the PCC ha8 considered both the Charity Commission's guldance.on public benefit and the speclflc guidance on charlties for the advancement of rellgion. In particular, we try to enable people to Live out their faith as part of our Parish community through.. worship and prayer; learning about the Gospel and developing their Icnowledge and trust in Jesus provislon of p8Storal care for those living in the Parish mi88i0nary and outreach worl< To facilitate thls work, It is important that we maintsin the fabric of the Church of St Margaret's and the MiLlennium Centre complex.
Public Benefit St. Margaret's Church remains deeply committed to serving the needs of our community, enriching lives, and fostering a sense of belonging and support for all. Through our diverse range of programmes and services, we continue to impact the lives of individuals and families, promoting spiritualgrowth, social cohesion, and communitywell-being. Ourcore offeringof Sunday Services, held at8 am and 10.30 am, provide avitalopportunity for worship for parishioners of all ages. Additionally. our 252 Kids Club, inspired by Luke 2.52, offers a nurturing environment for children on Sunday mornings, fostering their spiritual development and sense of belongingwithin the church community. Recognising the importance of regular communion and fellowship, we host a mid-week communion service everywednesdayat 10.30 am, providinga sanctuaryforcontemp18tion and renewalamidstthe busynessof modern life. Furthermore, ourXP3Youth program, held on Monday evenings, engages and supports young people, empowering them to explore their faith and navigate the challenges of adolescence. In response to the growing needs of vulnerable individuals and families, ourjust Say Hello Food Project has expanded its reach, offering vital sustenance and support to those facing food insecurity. Moreover, our Community Hub, operating every Tuesday, serves as a central resource hub, collaborating with key stakeholders such as Citizens Advice and the Department for Work and Pensions, Medway Adult Education and Public Health to provide holistic support and guidance to members of our community. Our strong partnerships with local schools and Academy Trusts enable us to effectively support young people's educational and pastoral needs, fostering a nurturing environment for learning and growth. Additionally, our Eco Hub project has emerged as a beacon of environmental stewardship, inspiring and supporting grassroots initiatives throughout the county to address the urgent challenges of the climate emergency. Furthermore, we recognisethe importance of nurturing socialandculturaLbonds within our community. Through initiatives such as concerts, the inaugural Rainham Poetry Festival, and coffee mornings, we provide enriching experiences that promote social interaction, creativity, and well-being, particularly for the elderly members of our community. In summ8ry, St. Margaret's Church remains steadfast in its commitment to serving the public good, fostering spiritual growth, social cohesion, and community resilience. We are gratefulforthe continued support of our parishioners, volunteers, and partners aswe strive to make a meaningful and lasting impact on the lives of those we serve. Achievements and Performance Below is a summarised table of 2023 objectives for 2024 and their status as of April 2025. Pray More All church meetings to begin and end in pray8r Have a Short sermon series on prayer
Ensure all areas of the church's life are prayed for by incLuding daily prayer points in the Day-by-Day booklet. Increasethe number of people leading D8ily Prayer Encourage daily prayerthroughoutthe congregation by signposting them to different resources both produced by St Margaret's and wider publications Smaiigroups to include prayer both as an activity and teaching point Develop prayer stations within the church and offer ideas on 'ways to pray. that are promoted on the website, social media etc. Off er prayer ministry after seNice Signpost families to prayer resources they can use as a family Read More Encourage people to use the physical bibles in church by directing them to it and providing them with the page number Continue to have a specific small group th8t focuses on studying the Bible for those who wish to delve deeper into the BibLicaltext Encourage the use of Bible reading notes so people can unpacktheir reading and consider how it might applyto their lives in a gentle way. Encourage listeningto or readingthe Bible d8ilythroughthe Daily Prayers online at St Margaret's or other resource Encourage the congregation to join a SmalL Group through which the Bible will be used as a key resource and c8n be discussed within a group context Signpostfamiliesto resourcesforreadingthe Bibletogetherasa family and specific resources for children and young people to read the Bible Continue giving new students at St Margaret's Junior School bibLes Love More Encourage meaningful conversations and dialogue between congregation members after the service outside of 'normal groupings,, fostering community and fellowship and reducing potential divides Encourage members ofthe congregation to meet up outside of the church in public spaces to develop relationships Further develop the welcomingat allchurch servicesto ensure everyone iswelcomed and engagedwith suitablefoLIow-up Provide opportunities within the church services for'gettingto know people'_e.g. testimony, this is where I work etc.... Run the Everybody Welcome Course so th8tthe congregation can understand the partthey pLay in welcoming new people Pastoral group to develop ways of keeping in contact with those who are unwell or goingthrough a major life event
10.30am Service Strengthen the Choir both in confidence and numbers Continue to develop the use of modern music within the service Involve more people within seNices to do readings, lead prayers. and assist at communion Develop service booklets and associated resources on the website that help explain the liturgy Increase the number of people run the sound and audio-visual systern Continueto develop AIIAge format of services Reviewthe relationship between 252 Kids and the weeklyseNice and when children are in the service Provide opportunities within the service for'gettingto know people, e.g. testimony, this is where I work etc.... Children, Youth and Families Safely recruit volunteers for 252 Kids. XP3 and Family Friendly Coffee morning Develop regularfamily-based activitiesthroughoutthe year le.g. Pancake Party. Christinglel in church Promote Acts of Worship within other Primary Schools in Parish Delivera parentingforfaith course Develop a strategic document that outlines the current status of children's, youth and family work, its strengths, weaknesses, opportunities and threats Present the document to PCC, who will consider resourcing the plan Putting Rainham First Complete a churchyard survey identifying spaces Complete the initial survey of the Eastern Crypt Finalise concept designs for the church, churchyard and Millennium Centre Update Statement of Significance and Statement of Need Gain initial approvalfrom the DAC Consult with key stakeholders Completefundingfeasibility study Complete case for support
Improve the Church's Environmental Sustainability Increase membership of subcommittee Undertake self-assessment against published criteria for the Arocha Award and Green Flag Award as these well help direct us towards carbon net zero and environmentaL sustainability Present gap analysis to the Staff Team Develop an operational plan to close identified gaps Implement operational plan Apply for Awards Communication Ensure that the newsletter is produced accurately each vveek and contains all the key information that people need to know 'what is going on, Ensure the regu18r and timely publication of the Day by Day bookLets Redevelop the church website SociaL Media- Develop a social medi8 vision and strategy Develop Partnership with Tafara Workwith St Philipslmatthias to develop a jointstrategy on howwe develop and promote our relationship Have three clergy meetings a year where clergy from St Margaret's and St PhiLips l Matthias meetvirtually to discuss howthe churches are and review howthe partnership is developing Create a platform where prayer requests are cross-pollinated ExpLore an'exchange. visit whilst consideringthe environmental impact The chart below shows the percentage of outcomes achieved: 2024 CompLeted Actions Red Y8llow • Green
BeLow are details of servlc8S tal<en throughout the year Including previous data for comparl8on. It shouLd be noted that there was 8 memorial service held In church for Baby Los8Awareness Week in October. Attendances 02 202 Average w88kLy attendance during.O¢tober 11411,880 onli ne) 99(1,190 online) 110(1,098 online) 201 (18 onllne) Easter Day 9 (2,568 on11 ne) 194(610 online) .198 (4,266 onLi nel 163(18 onLine} Chrlstmas Day 981420 online) 1991400 onllne) 216 (336 onllne) 92(18 online) Christmas Service8 668 1082 1059 1705 Adult Baptlsm8 Chlld Baptisms 29 38 42 Confirmations .Marrlages 10 15 Services of Thanksglvlngfor a Marrlage Funer8Ls In Church 16 See below S69 FuneraL servlce In Church, burial in Churchyard Ftsne.ral sarvice in Church, burial in a cemetery F.uneralservice in Church, committsl at Crematoria 12 12 Funerals in Crematoria only 35 27 26 29 Interment of Ashes 17 20 20 27 Memorial Servic8s in Church Not recorded In relatlon to community groups please see the graphs on the following pages. 10
Family Coffee Morning 180 160 140 120 100 80 60 40 20 m2023 • 2024 Community Hub 450 400 350 300 250 200 150 100 50 2023 w 2024 OAP Active Fitness 250 200 150 100 so •2023 u 2024
Just Say HelLo Food Project 250 200 150 fjoo 50 2023 W 2024 Thursday Morning Coffee Morning 300 250 200 150 100 50 2023 ll 2024 252 l<ids 60 50 40 30 20 10 2023 • 2024 12
When Looking at GnnuaL'reach' please see the tsble belowto S8e howthis is calculated. 2D23 Weekly Groups 6839 8156 Average Weel<ly Attendance 5720 10452 Christmas Services 1059 1705 Facebook Reach 57,096 205,200 Total 70,714 225,513 Plans for 2025 Stafflng Specific To marl( appropriately the retirement of our Associate Minister, Jonathan Jennlngs and en8urp that we are StrateICaLLY resourced to coverthe work that Jonathan does through staff team and others as well as responding to any new prioriti88. Plan for the safer recruitment of two 8esslonalyouth workers, the appointment of a full tlme children and famllles worker, an opgrations manager and fundralser (the Latter two roles as reGommended within the independent feasibility study) Measurable Servlces and activltles undertaken by Jonathan corrtinu& to 'Lake place (December 2025) The additional roles are recruited (April 2026) Achievable Within the family of St Maoaret's ond hrlnging In Ordained support from the Deanery/Diocese as requlred Appropriote cendldates ar@ identSfied and employed Relevant To dellver on our missional imporatives 2nd continue to deliver services and off ices as required Re&d More, Pray More, Loiie More Specif ic Deliver on the provlsion of Blble Study notes for 8ny person wantingto be more structured in their reeding of the Bibl8 Restore our offering of d8livgringthe D8lly offlcas every day Consolldate SmaLI Groups and Gontinu8 delivery of church event8 deslgned to foster community 13
Continue and develop our reletlonshlps wlth Tafare and prayfDrthem Measurablo SmaLI Group attendance lev8Ls, count of Bible Study notes u8ed (December 2025) Evidence the dellvery of Dally prayer each day other than Sunday (December 2025) Count of regular soclal communlty events (December 2025) Regular Interaction wlth the clergy and peopla of Tafara. Includlng organised prayer(D8cember 2025} Achievable No external support required Relevant Readlngihe Bible, Praylng and Lovingothers are all l(6y marl<s of healthyfaith so It Is Incumbent upon us 88 Church to enable 8nd encourage In thls regard Putting Ra i nham First Project . SpBcif Ic Compiet&the statement ot Need and concept approval with DAC and consult wlth all Interested partles Present detall plans to the Church at the APCM Complete all work neces88ry to submit a fonmal bld for support from the prlnGlpalfunder A spociallst to report In orderto progress wrth funded workto restorgthe Crypt Creatlon of a new Herltage Booklet Churchyard Mapplng Systetn and Archives to go Uve on the website. The Tufton famlly moblle herltage exhlbttion to be compléted. Measurable Documents ond exhibitlon produced, web81te updated, and key stakeholders consultecl IApri12026} Achievable In addltion to In-house resources, utlllse contracted skills to accomplish tasks Rglev8nt The local communlty grows through significant property development. the Church congregatlon 18 growlng, and the local authorty Is under slgniflcant flscal straln meanlng that manynon-essentlaL servlces are being pared back This project needsto be dellvered in orderto ensure a sustaln8ble luture for our communlty and to address wellbelng Issues wlthln It Time Bound Meetlngwlth DAC In March prlor to APCM Con81Jltatlon to begln at thé April APCM, tlm6 deadllnes for submlsslon of structur8d inform8tlon to our princlp8lfunder Social media & Communications 14
Sp8cific Complete planning for our suite of communlcatlon medla, gain Staff and PCC approval and implement Finish the restructurfng of the St Margarots webslto Measurable Plan produced and agreed (Aprll 20271 Achiev8bE8 Llaise wlth independent &xpertise to provide knowledge and support, R8levant W8 heve significant tollowlng on soclal medla however are not In tune with normal use of th8 dlfferent elements of soclal medla. W8 n8ed to 8nsure that our offerings flt the user proflle of the differant Social Media products and that our posts are properly and professionally delivered. Grant Making There were no grants made in 2024. Volunteers Members of th8 PCC act in a voluntary capacity and rely heavily on the assistance of safer recruited volunteers outside of the PCC. People accessing our community groups has grown over the last year and we have seen an Increase in people coming forward wanting to offer their service8 as volunteers. It is estimated that there wer8 more than 16,120 volunteering hours in 2024, which equates to a financial value of £232,128 {last year was £172,728) based on £14.401hour. Church Electoral Roll As at 3111212024, the total number of persons whose names were on the Roll was 1741174 for 2022123) of whom 120 persons Ilve within the Parish and 54 outsidg th6 Parish. Financial Review Although donations continued to reduce, exp8nditure has been reduced too resulting in an overaLL deficit of £521 for th8 year. At the end of 2023, PCC agreed to set up the trading company- Acts SIX Ltd to manage the MiLlennium Centre business and events in church. A Lease payment of 235,000 p8 Was agreed and Acts SIX Ltd paid allthe running costs of the Centre. On this basisthe MilLennium C8ntr8 made a profit of £23,233 in 2024 (this includes a depreciatlon charge of £11,767), The result of this change meant total receipts on unrestricted funds of £163,660. Our Donations and Legacies incom8 totalled £97,466 for 2024; this includes £11,887 recovered through Glft Aid. £139,782 was spent from unrestricted funds on church activitles duringthe year, including a contribution of £49,408 to the Diocesan Parish Share. The Parish Share payment was rerjuced by £5,200 as St Margaret's church was owed money for staging the FUSE Youth events i n 2023. 15
Net movement in unrestricted fund8 wa8 8n Increase of £9,225 for the year and a deficit of £9,767 in the restricted funds. During the year the total fund balances decre8sed from £649,364to £648,842. Reserves Policy It Is PCC policyto retain a balance on free reserves (net current assets) which equates to a minimum of three months planned regular expendlture based on the last reported 12 months. This policywas reviewed as part of the budgeting process for 2024. This minimurn has been calculated as £25,000 based on actual costs. ReseNes are held to smooth out fluctuations in cash flow and to meet emergencies. The actual balance of the free reserves at 81 st Decemb6r 2024 w88 £87,236. Utility Costs Consideration Throughout 2024 the wholesale energy prices fluctuated once more. We were able to source some flxed contracts atthe end of 2023 to protect ourflnances from anyfuture rises and this allowed us to budget effectively for 2024. However, the utility company SSE who provided the contracts, have not been abl8 to produce biLLs for our gas usage even though enqulries and complaints have been made. An accrual cost has been included in the 2024 Financial Statements based on previous usaE8. The church electricity contract is due to be transferred in March 2025 and the Yinance Committee will continue to manage the utility contracts to g8t the best outcomes both tinanciallyand environmentsiLy. Going Concern Consideration The Accounts are produced on a Golng Concern basis. W8 have contlnued to see general donations down across the board os our congregation battles with Increased living costs and we have continued to manage our expendlture with regular reviews against budget. If we encounter a situation of very significant uncertainty, it should be noted that we havs a contingency plan. Our Parish Share is a voLuntary payment. St Margaret's has a proud historyof paying its agreed share. Additlonally, we have a slgnificant asset in ourchildscroft Road prop8rty, currentLy we receive monthly rent8l Income for this property which we review annuallyto ensure the amount charged is correct. In worst case circumstances, we could sellthe property and replenlsh our cash reserves. The Gurrentvalue of the property is approximately £450,000. Therefore, we belleve that the charity has the financial resources to continue operatingfor the foreseeable future, and there are no material uncertainties that couLd cast slgnlflcant doubt on the charity's ability to continue as a going concern for at least the next 12 months from the date of approval of these financial statements. 16
Structure, Governance and Management The Parochial Church Council is a corporate body, established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure. The PCC is registered with the Charity Commission (no. 11348491. Below is an organisational chart: Generalsynod Roohester Dlocesan SynDd Gillingham Deanerysynod St Margaret's Paroclii81 Church Council Standing Commirtee Associated oig8riis8tions Hope intoAction West Kent and Medway Acts Six Ltd Safeguarding Flnancg. Maintenance and utllltles PyttingRainham .Wirst,' The Church Representation Rules set out the appointment method for PCC members. There is also provision for co-option of members. The Incumbent licensed assistant clergy, Churchwardens, and elected members to the Deanery, Diocesan, and General Synod are all ex-officio members of the PCC. All those who attend our services as congregation members are encouraged to register on the Electoral Roll and are eligible to stand for election to the PCC. PCC members are also CharityTrustees and are responsible for preparingthe report of the trustees and the financial statements in accordance with applicable law and UK Accounting Standards (UK Generally Accepted Accounting Practice). The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the 1 https:Ilwww.churchofengiand.org/about/leadership-and-governance/legal-services/church- representation-rules/contents
truste88 to prepare financial 8tatem8nts for each financial year whlch give a true and fair Vlew of the state of affalrs of the charity and of the incomlng resources and application of resources, includingthe Income and expenditure, of the charity forthat period. In preparing those financial statements, the trustees are required to: select suitabLe accounting policies and then 8pply them consistently. observe the method and principles of the Charity SORP 2013, make judgements and estimates that are reasonable and prudent. prepare the financial statements on the going concern basis unless it Is inappropriate to presumethatthe charltywill continue in business. The trustees are responslble for keeplng proper accountlng records whlch disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the flnanci8L statements comply wlth the Charities Act 2011, the Charity {Accounts and Reports) Regulations 2008 and the provislons of the trust deed. They are also responsible forsafeguardingtha assets of the charityand hence fortakingreasonable steps for the prevention and detection of fraud and other irregularltles. Thefull PCC mot eleven tlmes durlngtheyear, Induction & Training of Trustees All new trustees are inducted to the church PCC subject to the completion of a DBS check, undertaking appropriate safeguardlng training and completing an HMRC Fit and Proper Persons declaration and a Trustee Eliglblllty Declaration. All trustees receive a copy of CC3 'What Trustees Need to Know and Do, guidance note from the Charity Commisslon. At the first meetlng of a new PCC, all offlces of the PCC are dlscussed, nominations provided, and after voting, positions declared, Risk Management The budget for 2024 was reviewed on a regular basr$ bythe Finance Committge throughout the year and an update glven to PCC at the PCC meetings, The budget for 2025 was reviewed extensively by the finance committee and was agreed to by the PCC. EstablishingActs SIX Ltd as the tradlng company of the PCC has provided some stabilityto the income and expenditure of the church. Statement of Trustees Responsibilities All trustees of the charlty must: 1) Ensure compliance with the governing document and charity law. 2) Ensure that the PCC is and WILL remain solvent, by keeplng up to date with the PCC'S actlvities and financial position. Use charitable funds and assets wiselyi and onlyto further the purposes and Interests of the PCC. Avold undertal<ing activltles that might pLace the PCC'S propertyi funds, assets or reputation at undue risk. 3) ExerGise reasonable care and skill as trustees, using personal knowledge and experience to ensure that the PCC is well-run and efficient. 18
Cornmittees Given its wide responslbilities the PCC has several committees, each deallng With a partlcular aspect of Parish life. These include: The Standlng Commlttee a statutory requirement and comprises the Vicar, Churchwardens, Treasurer and at leasttwo, but not more than four, elected memb8rs from the PCC. This Committee meets, when required, and brings recommendations to PCC meetings on varlous matters, including those referred to it bytha PCC. It has power to tak8 decisions on behalf of the PCC when required. The Finance Commlttee - this was formed to support the Treasurer and has a speclfic focus on the strategic use and management of the financial resources of the Church. The Malntenance and Utllities Committe6 - oversees the malntenance of the Church buildingand churchyard, The Safeguarding Committee-to support the Parish Safeguarding Offioer and undertake any non-confidentlal worlc that promotes a safer church. Puttlng Ralnham Flrst-this committ66 was set up as sn authorised sub-committee of the PCC to manage th8 project. Other committees or task groups ar8 formed and meet as required to consider various aspects of church life. Deanery Synod Report The Deanery Synod mot three times In 2024. In February, Greg Barry and Jane Winter from the Diocese attended to discuss issues of Safeguarding and Lay Tralnlng. This meeting addressed a motion from our own PCC ch8llenging the academic nature of tralning requirements associated wlth the S8fegu8rding training. The June meotlng dealt wlth structural matters of the Synod with the election of Lay Chair (Terry Whittaker), and the baLance of th8 meeting involved a presentation by the Area Dean on the confllct in the Middle East with a particular focus on Gaza, The West Bank and Israel. Our Octob8r meeting welcomed Rev Mike Nelson as the new Area Dean folLowing Rev Brian Senior's retirement, and introduced a new format for the forthcoming meetings with the intent for these to be rnore focused, bringing in experts to address relevant themes for the Churches within our Deanery. Diocesan Synod Report The Diocesan Synod met three times in 2024. The february meeting focus8d on Bishop Jonathan's refreshed vision for the Dioces8, Wlth Change, Serve and Grow stlll being at the heart Df this vision. In the June meetingther6 was further discussion about Diocesan Vision and its deLivery, 8nd some time was spent agreeing the Annual Report and Accounts. The flnal meeting in December was the first meeting of the newly appointed Synod, and dealt with the election of OffiGers, sought formal support for the finalised vision and strategy docurnent and received a presentation by the Diocesan Board of Finance. This Synod meeting also received Nathan's motion, Yhot this Synod resolves to pass a vote of no 19
confidence in the Archbishops, Council's oversight of safeguarding and urges for the necessary reforms to restore trus¢ safeguard the vulnerable, and uphold the Church s moml and legal responsibilities". The motlon was passed by Diocesan Synod with 51 in favour, 5 against and 9 abstentions. Fabric, Goods and Ornaments Church Atthe end of 2023, plans for a second toiletwere agreed and work started in e8rly2024, this meant reconflguring the office spac@ to provide spac8 for the facility. Tasks to achleve this included buildlng storage & shelving for the church flowers, building the toiLet room and refittingthe office space. During the year a number of maintenance tasks have been completed incLudlng clearing drains and gutters, relaying floor tiles, refurbishing noticeboards, replacing door locks, replacing valley roof tiles, tower rope rail tnaintenance, reconfiguring storage at the Epiphany Chapel, developing a PAT testlng process and compLetlng the testlng of alL electrical items used durlng the Christmas perlod. and tldylng and re-stacklng the mezzanine storage space. The Quinquennial Report (2021 } was reviewed regularly and the followingtasks compLeted: Crypt door strip baclc, repair, treat and repaint Tower door clean, treat and stain South porch doors strip, repair and paint Replacetnent of weather strip on tower door Regular maintenance and repairs took place on the church heatin& Ilghting including the Emergency Lighting test, organ and lightning conduGtor. Churchyard The Churchyard Team continued to do an excellentlob to malntain the gr8veyard and keep it tldy. A survey of all gravestones was conducted and a report produced for PCC Identlfying a number of graves needing attentlon. A biodiversity survey was conducted and an implementation report produced which WILI form partworkgoingforward. Clergy Housing Redacoration of the hall and stairs was completed at the Vicarag8. No significant maintenance was carried out at the property in ChiLdscroft Road. Regular malntenance such as the gas certiflcatlon and boiler seNi¢e were undertaken. 20
The MiLlennium Centre The management of the Millennium Centre was taken over by Acts Six Ltd during 2024. Safeguarding Report At St. Marggret's Church, safeguarding remains a top priority as we strive to create a safe and nurturlng envlronment for all members of our community. partlcularly children, young people, and vulnerable adults. We are committed to upholding the highest standards of Safeguarding practlce and continue to invest in innovative toots and resources to support our efforts in this cruciaLarea, In line With thls commitment, the Parochial Church Council (PCC) has made significant investments in three pieces of software designed to enhance our safeguarding practlces and procedures, Myconcern: This comprehensive safeguarding software offers centralized, secure record- keeping and case management for aLL types of safeguarding concerns. It enables early intervention by identifying patterns and trends, informs decision-making process8s, and facilitates the demonstration of impact. Myconcern provides leaders with a powerful tool to highlight the eff8ctivenes8 of our Safeguarding arrangements to inspector8 and other stakeholders. Mysentry: Designed to support and Euid8 users through 8ach step of the recruitment process, Mysentry ensures thorough safeguarding measures are in place. By following the Sentry workfLow, users b8come 'unconsciously competent,, guided by Comprehensive safeguarding knowledge and expertise. This system prioritizes the protection of children and young people, Leaving nothing to chance. Myvoice: Embedded on our website, Myvoice is an op8n-access reporting system that allows anyone to report a safeguarding concern Securely. We believe that by providing accessible avenues for reporting safeguarding concerns, wo can facilitate early intervention, foster an open culture of safegugrdlng within our organization, and 6nsure better support for those in need. Our Safeguarding Committee, which reports to the PCC, assures that Wo folLow pollcles and procedures set by the Church of EngL8nd. We use the Safeguarding Dashboard, supported by Rochester Diocese, to measure performance, malce sure thatwe complywith all mandatory requlrements and achieve best practice in safeguarding standards. We remain dedicated to continuous improvement in safeguarding practices and are committed to ensuring the safety and weLI-being of all members of our community. In 2024, over 30 safeguarding concerns were logged on Myconcern. The majority of these related to people outside of the church. Each concern was managed with the utmost professionalism and in accordance wlth our safeguarding policies and procedures. Throijgh ongoing investments in technology, training, and resources, we strive to uphold our responsibility to safeguarding and create an environment where everyone feels safe, vaLued, and supported. Safeguarding is an important part of the life of St Margaret's, and this includes preventative work as well as r@acting to any concerns. All staff and volunteers are safer recruited and have completed at least the basic Natlonal Safeguarding training. 21
Ifyou feel thatsomeoneyou knowmaybe atrisk ofbeinghurtorifyou wsntto discuss 8nything related to safeguarding in confidence, please contact.. Linda Randall, Parish Safeguarding Officer on 07634 362023 ext.4 or li If you have information about a s8fegu8rding situation where a child or adult is in immediate danger or requires immediate medical attention, call the emergency services on 999. Do not delay. 22
[] ST. MARGARET'S RAINHAM Financial Statements Year ending 31 December 2024 23
THE PARISH CHURCH OF ST MARGAREf, RAINHAM Anriual Report and Flnanclal Slatements of the PCC for the year ended 31" DeGember 2024 Financial Statements Independent Examiner's Reportto the Parochial Church Councilforthe year ended 31 December 2024 I report on accounts forthe year ended 31 December2024, whlch are set out on pages 26-39. Respective Responsibilities of the Trustees and the Independent Examiner The church's trustees are responsible for the preparation of the accounts. The church's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an indapendentexamination is needed. It is my responsibilityto: examine the accounts under section 145 of the 2011 Act. to follow the procedur68 lald down in the General Directions given by the Charity Commlsslon8rs (under section 145(5)(b) of the 2011 Act). and to state whether particular matters have come to my attention Basis of Independent Examiner's Statement My examination was carried out in accordance wlth the General Dlrections given by th8 Charity Commission. An examination includes a review of th@ accounting records kept by th8 charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seektng explanations from you as trustees concernlng any such matters. The procedures undertaken do not provide all the evidence that would be requlred In a full audit, and consequently no opinion is glven as to whether the accounts present a "true and fair Vi8w" and the report 18 Ilmited to those matters set out In the st8tement below. Independent Examiner's Statement In connection with my examination, no matters have come to my attention. (1) which give me rea80nabl8 cause to b6ll8V8 that in any materlal respect the r8quirements 24
THE PARISH CHURCH OFST MARGARET, RAINHAM Annual Report and Financlalstatements of the PCC forthe year ended 319t December 2024 to keep accounting records in accordance with seGtion 130 of the 2011 Act; 8nd to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met; or <2) to which, in my opinion, attention should be drawn in order to enable a proper understanding otthe accounts to be reached. Nat81ie H8rrison FCA FCCA CTA TEP 2025 Independent Examiner Beak Kemmenoe Chartered Accountants 1-3 Manor Road Chatham Kent ME4 6AE 25
THEPARISH CHURCH OFSTMARGARIT, RAINHAM Annual Report 8nd Flnanclal Ststements ofthe PCC forthe year ended 31 December2024 St Statement of FinancialActivities forthe Year Ended 31" December2024 Unresiricted Dtsltnatsd Restrlrted Endofftent Totsl Prfar Year Funds FuTK15 Funds Funds Fund5 Fund$ INCOME AND ENDOWMENTS Donatlons and legade5 95,466 2,WO 97,466 141,457 Income from charltable 8Ctlvlties 12,497 12,497 17,461 Other tradlng actlvltles 35,000 35,000 47,155 Investments 19,863 22 19,886 19,099 Other Income 834 834 55,801 Total Income 163,660 2.022 165,683 280,973 EXPENDITURE ON Ralslng funds 4,380 4,380 74,732 Expendlture on charltable activiljes 139,782 10,274 11.767 161,823 325,174 Total Expendlture 144,162 10274 11,767 166,203 399,907 Net Income / {expendlturel resources before trdnsfer 19098 {10273) (9,745) 1520) 1118,9331 Trttnsftrs Gross transfers between funds- in 11,599 11,599 151,080 Gross transfers between funds - out 111,599) 111,5991 1151,0801 Other recognlsed galns/losses Gains11055es on investment assets Galns on revaluation, flxed assets, charity's own use iii li} Net movement In funds 31,096 110,273) 121A44) {521) 1118,9291 26
THE PARISH CHURCH OF ST MARGAREf, IIAINHAM Annual Report and Flnanclal Statements ofthe PCC forthe year ended 31" December 2024 Reconclllatlon of funds Total funds brought fonNard 59,674 248,761 340,928 649,364 768,293 Totalfunds carried forward 90.770 238,488 319,584 648,842 649,364 27
THE PARISH CHURCH OF ST MARGARET, RAINHAM Annual Report and Financial Statements of the PCC forthe yoar ended 31*t December 2024 Balance Sheet at 31 December2024 De5(xiption Thls year Last year Flxed assets Tangible 561,606 583,648 T¢)tsl Fixed assets 561,606 583,fA8 Current assets Debtors & Prepayments 26,900 5,761 sh at bank & In hand 109,089 129,682 Total Current assets 135.989 135N43 Llabllftles Credltors - amounts falllng due In one year 48,753 69,728 Total Llabllltle$ 48,753 69,728 Net Asset surplus{deflcltl 648,842 649364 Reserves ExsS / Ideficitl to date 152111206,4211 Starting balan 649,364 855,781 Galns/llossesl on Investment assets Total Reserves 648,84Z 649,364 Represented by funds Unrestrlcted 90,770 59,674 DesiBnated 238,488 248,761 Restricted 319,584 340,929 Endowment Total 648,842 649,364 Approved bythe PCC on 24 Aprll 2025 and signed on thelr behalf by Revd Nathan Ward (PCC chairman) 28
THE PARISH CHURCH OFSTMARGARET, RAINHAM Annual Report and FlnanclaLSlatements of the PCC forthe year gnded 31 Decemb8r2024 8t Notes to the Financial Statements 1 Accounting Policies The PCC is a public benefit entlty withln the meaning of FRS102. The flnanclal statements have been prepared under the Charities Act 2011 and in accordance with the Church Accountlng Regulations 2006 gov&rnlng the individual accounts of PCCS, and with the Regulations true and fair" provisions, together wlth FRS102 120161 a8 the applicable eccountlng standords and the 2016 verslon of the Statement of Recommended Praotice, Accounting and Reportlng by Charities (SORP (FRS102)). Assets Consecratsd and beneflce property In so far as con8ecrated and beneflce property of any kind Is 6xclud&d trom the statutory definition of °charity" by Section 10{2}la) and {cl Df the Charitigs AGt20118uch assets are not c8pitali8ed In the financial statBments. Moveable church furnishings These ar8 capitaLised at cost and deprgcigted ov8rth8ir useful economlc life otherthan where insufficient cost Information is available. In this cas8th@ item is not C8pltalised, but all it8ms are inGLuded in the Church's inventory in £ny case. Tanglble flxeflassets These are capitalis8d if thay Gan be used for more th8n oneyear and cost at least £1.000. They are valued at cost or gIs9, for gifts-in-lcind, at a reasonable estlm8te of their open tnarkgtvalue on rec8ipt. No cost Informatlon Is avallable for the curates, houses, so they are included 8t a cost that was considergd to be representative of th8 foir marlcet Value when they were valued at 31 December 2001 to comply wlth the Charities Act. The MILlennium Centre is valued at hlstorical cost. ALlof the PCC'S properties are being depieciated over an exp8cted useful Ilfe of 50 years with eff8Ct from 2002. Equlpment Used wlthln the church premises is depreciated on a straight-line basls overtheir useful oconomlc lives. IndNldual it8ms of 6quipment with a purchase price of £1,000 or less are written off when the asset is acquired, Investments Investments quoted on 8 recognised stock exchange orwh088 valu9 derives from them are valued at m8rket value at the year end. Short term deposlts These are cash held on deposft either with the cc or atthe bank. Fund accounting Endowment funds are restricted funds that must be retained as trust C8Pital either perman?ntly or subject to a discretionary power to spend capital as Incorne, and where the use of any Income or other benefit derived from the capital may be restricted or unrestrlcted d8P8nding upon th8 purpose for whlch the endowment was established in the first place. 29
THE PARISH CHURCH OF ST MARGARET, RAINHAM Annual Report and Flnanclal Statements ofthe PCC forthe year ended 31° DeGember2024 Restrlcted funds comprlse (a) Income from endowments which is to b9 expgnded only on the restricted purposes intended by the donor and Ib) revenue donatlons or grants for a speclflc PCC actlvlty Intended hy the donor. Unrestrictedfunds are income fund8 which areto be spent on th8general purposes of the pcc. Deslgnatedfunds 8re general fund8 set 8slde bythe PCC for use on future projects, and whlch are therefore not included in It8"free raseNes" a8 dl8closed in the trustees, report. Incomlng Resources Plann8d giving, collections and simiL8r donations are recognised when received. Tox refund8 ere recognlsed when the incoming resource to whlch they relate Is recelved. Grants and legacles are accounted for when the PCC is entltled to the use of the rgsources, their ultirnate reGgiPt is considered reasonably certain, and tha 8mount8 are readlly qu8 ntlf lable. Dlvldends are accounted forwhen declared recelvable, Interest as and when accrued bythe payer. ALI Incomlng resources are accounted for gross, Rental Income from the letting of church premlses Is recognlsed when the rental is due. Re8lised g8ln8 or losses are recognlsed when investments are sold. Unreallsed galns or losses are accounted for on the revaluation of investments at 31 December. Amounts owlngto the PCC at31 December in respect of fees, rents or other Income are shown 88 debtors less provlslon for amounts that m8y prove uncollectible. Resources Bxpended Grants and donations are accounted tor when paid over. Dr wh8n awardBd, if that award create8 a blnding or Constructlve obllgatlon on the PCC. The diocesan p8rlsh sh8re expected to be p8ld Over Is accounted lorwhen due. All other expenditure is gengrally rgGogDised when it is incurred and is accounted for gross.
THEPARISH CHURCH OFSTMARGARET, RAINHAM Annual Report and Financlalstatements ofthe PCC fortheyear ended 31" tYec8mbar2024 2 Analysis of income and expenditure Donations llnd Legacies Unrestrlcted Deslgnated Restricted Endowment Thls Year Last Year 49,922 Gift Ald Donatlons Other Planned Glvlng Collections Donatlon5 Glft Ald Recovered12al Legacies Grants {2b) 46,866 46,866 553 16,160 11,887 10,000 10,000 553 18,160 11,887 10,000 10,000 941 27,089 24,781 28,724 ID,000 2,000 Total 95A66 2.000 97A66 141A57 Income from Church tltIeS Income from Bazaar Income from other actlvities PCC Fees DBF Fees Total 1,085 2,166 14,210 1,644 10,853 1,644 10,853 12A97 11497 17A61 Other Tradlng A¢tl¥ltles Millennium Centre Lettings 47,155 Mlllennium Centre Lèase Total 35,9 35,(MJD 35,000 35,WO 47,155 Investrnents Dlvldends & Interest. Rent- letting of Chlldscroft Rd Total 3,063 16,800 19,863 22 3,086 16,800 19,886 2,299 16,800 19,099 22 Other Income Events Income Wall Donatlons Total 834 834 16,873 38,928 55,801 834 834 TOTAL INCOME 163,660 2.0 165 683 31
THE PARISH CHURCH OFSTMARGARET. RAINHAM Annual Report 8nd Financial Staiements of the PCC forthe year ended 31" December 2024 Analysis of income 8nd expenditur8 (continu8dJ Expenditure on: Ralslngfunds Unrestrfrted Deslgnated Restrlcted Endowment Thls Year Last Year 4,381 4,381 6,597 68,135 Cost of f undwralslng events Mlllennlum Centre runnlng costs Total 4,381 4,381 74,732 Chur(h actlvltles Unrestrlcted DÈslBnated Restrlcted Endowment Thls Year Last Year Mlsslonary & charltable giving: Overseas ml¥ionary sodetles Tafara Link (Harare Diocesel Rellef & developrnent agencies Home mlsslons & other church socletles Sub-total Pzrish Share of diocesan costs 12cl Salarles & wa8es of parlsh staff Working expenses of clergy Clergy houslng expenses Parlsh tralnlng & evangelism Church Insurnnce Event Expenditure Other church running expenses Depredatlon of propertles & equlpment Church repalrs & malntenance Upkeep of servlce5 Adminlstratlon costs Upkeep of ¢hurchyard Churth utility expense12d} Church fabric repair5 Heritage Project Crypt 49,408 21,603 340 4,926 2,827 5,539 787 7,524 49,408 21,603 340 4,926 2,827 5,539 787 7,524 22,042 51,362 42,318 968 3,651 5,927 3,900 15,817 11,488 42,305 10,274 11,767 5,486 9,685 7,116 1,151 16,410 2,727 4,253 5,486 9,685 7,116 1,151 16,410 2,727 4,253 4,296 8,459 9,495 3,041 12,014 73,868 32,343 3,922 Total 139,783 161A2Y TOTAL EXPENDITURE 144,163 10,274 166,204 399,907 32
THE PARISH CHURCH OFSTMARGARET, RAINHAM Annual Report and Flnancial Statement8 of the PCC for the year ended 31 December 2024 3 Statement of Assets and Liabilities FIKed Assets-Tanglble Assets13al St General $IBnoted RestrldBd Endowmen¢ Th1$ Yr Last ¥epr Deslgnated Freehold Prop.erty- cost Deslgnated Freehold Property- accumulated depreciation Investment assets Deslgnated furnlture- togt Deslgnated furnlture- accumulated depreclation Designated office equlpment- accumulated depreclation Mlllennlum Centre- Freehold property Mlllennlum Centre- accumulated depreciation 277,50D 277.500 277,5 141,8701 141,8701 131,9791 13 14 89,004 89,CrfJ4 13 89,004 {59,943) 159,943) 159,9431 (22,1861 33,762 {22,1861 122,186} 635,366 635,366 601,604 133,7621 1282,5161 1316,2781 1304,1281 Total 13 241505 319088 561,f¥06 583.648 Current assets- Cash at ban1( & In hand General Desl8nated ReStrIrt Endowment Thls Year Last Year 52,097 52,097 55,034 12 li CBF Account Church Repalr Fund- church Church Repalr Fund - 60 Childscroft Road Heritage Fund CBF Account Operatlng Account Petty Cash Heritage Fund Account Millennium Centre Current Account Tled Income Account Millennium Centre Petty Cash 12 22 13,7321 22 13,668 17,400 24,099 2,000 2,000 397 40,885 41,282 50,530 Total 69,894 20 39,175 109,089 129ffi82 Current assets- Debtors General Deslgnated Restricted Endowment Thls Year Last Year 3,421 3,421 5,275 3,542 3,542 13,937 13,937 Income Tax Recoverable General Fund Prepaymentg Ger)eral Fund Accrued Income Millennium Centre- Prepayments Millennium Centre- Accrued Income Accounts Receivable 6,000 6000 Total 26,900 26,900 5,761 33
THE PARISH CHURCH OFST MARGARET, RAINHAM AnnuaL Report and Financial Statements of the PCC forthe yearended 31. December2024 Statement ofAssets & Llabilitles (contlnued) Liabilities- Agen¢y Accounts General Deslgnated Restrfcted Endowrnent This Year Last Year 38,679 38,679 45,916 A8ency collectlons Total 38,679 38.679 45,916 Llabillties- Creditors: Amounts falllng due in one year General Deslgnated Restrl¢ted Endowment Thls Year Last Year 9,435 9,435 23,053 General fund accrua15 Deferred Income Credltors for goods & servlces Natwest Buslness Card MC-Accruals MC- Deferred Income MC- Creditors- Goodslservices MC Securlty deposlts repayable 81 558 81 558 758 Total 10,074 10,074 23,811 Grand Total 242 25 648 842 649 364 34
THE PARISH CHURCH OFST MARGARET, RAINHAM Annual Report and Flnanclal Statements ofthe PCC forthe year ended 31" D8cember2024 4 Fund Movement Openlng IncominB Outgolng Transfers GalnlLoss Balance resources resources Journal Entrles Closlng Balance Church Repelr Fund 612 613 IDeslgnatedl Deslgnated Flxed 247,765 9,891 237,874 Assets (Deslsnatedl Herita8e Fund14al 11,599 2,022 111,5991 2,022 (Restrlctedl 5t Margareys 383 383 Millennlum Centre (Designated) St Margarevs 329,829 11,767 318,062 Mlllennlum Centre (Restricted General Fund 59,674 163,660 144,162 11599 1141 13 90,770 Iunrestrlcted) None IAgenty} 15001 15001 Grand Totsl 649,364 165,683 166,204 13 64&842 5 Related Trusts and Charities The PCC has connections wlth thefollowing r8gistgred charities: 1. The Friends of St Margaret 18 a charitywhose sole purpose is to raise funds forthe upkeep of the church f8bric. 2. The Ralnham Church Estate Charity is a Vlcar and Churchwardens, trust, the income from whlch Is avallable for the maintenance of the church and th8 churchyard. 3. Acts Six Ltd which is the trading company of the PCC. 4. The Rochester Diocesan Society and Board of Finance Charity Numbgr 249339. 35
THE PARISH CHURCH OFST MARGAREf, RAINHAM Annual Report and Financial Statement8 ofthe PCC forth8 year &nded 31" Decfymber 2024 6 Prior Period Comparative SOFA srATEMENT OF FINANCIALACTIVITIES FOR YEAR ENDED 31 DECEMBER 2023 Unrestrtcted Deslgnated Re5tflcted End¢)wment Totsl Prfor Year Funds Fd5 Funds Funds Funds Funds INCOME AND ENDOWMENTS Donations and legades 141,957 {5WI 141,457 248,303 Income from charitsble actlvlties 17,461 17,461 14,521 Other tradlns actlvltles 47,155 47,155 66,570 Investments 19,099 19,099 8,680 Other income 55,801 55,801 S,473 Total In¢ome 28L473 {500) 280,973 343,547 EXPENDITURE ON Ralslng f unds 74,732 74,732 49,852 Expenditure on charitable actlvltles 282,869 30,538 11,767 325,174 260,798 Total Expendlture 357ffi01 30,538 11,767 399.907 310,650 Gains / losses on Investment assets 13381 Net Income l {expendlture resources before transfer {76,124) 130,538) {12,267) 1118,929) 32,559 Tronsftrs Gross transfers between funds - In 6,057 142,283 2,740 151,080 1,703 Gross transfe between funds- out 1145,0231 12,9821 13,0761 1151,0801 11,7031 Otherrecogntsed9alns/losses Galns / losses on Investment a55ets Galns on revaluatlon, flxed assets, charity's own use Net movement In funds 1215J)891 108,763 (12,603) {118,9291 32,559 36
THE PARISH CHURCH OFSTMARGARET, RAINHAM AnnuaL Report and Finanoial Statements ofthe PCC forthe year ended 31" December 2024 Reconclllotlon offunds Total funds brought forward 274,764 139,998 353,532 768,293 735,734 Total fuhds carrfed fon¥ard 59,674 248,761 340,928 649,364 768,293 37
THE PARISH CHURCH OFSTMARGARET. RAINHAM Annual Report, and FlnanGiaLStatements of the PCC forthe year ended 31" December 2024 Detailed notes 2a. Donations Included in the donations Ilguro for 2024 Is Gift Aid Recovered £11,8779. Thi8 Is a slgnlflc9nt reduction from 2023, but the number in 2023 was inflated by a Speclal gift. 2b. Grants received A grant of £10,000 wa8 received from the Church Estate Charity in 2024 to cover church malntenance, Insuranc6 and upkeep, There wa8 also 8 total of £18,981 received in grants from the followingfunders: Aurelius CharltableTrust (Crypt) £3500 Alpl<rt Foundatlon (Eco Hub) £200 Groundwork (Communtty Hub) £500 Kent Communlty Fund II<CF Eco) £4817 National Lottery H8ritage Fund (Putting Ralnh8m Flrst) £9964 2c. Parish Share of Diocesan Costs Diocesan Parish Shar8 Contributlon 18 reduced from 202S. Thls is due to the Diocese owing st Margar8t'8 £5,200 In payment for the FUSE youth events held In 2023. The agreed offer was £54,608, butthe actual paymenttotalled £49,408. 2d. Church UtiLity Expense Church utilltles costs Include an accrual for £8,500 for expeGted billing from SSE. St Margarevs have been in a ye8r-Long engaggmgnt with SSE who have failed to produc8 bllls for gas usage. A complaint Was raised with them and a case opened wlth the ombudsm8n. 38
THE PARISH CHURCH OFSTMARGARET, RAINHAM Annual Roport and Financlal Statem8nt8 ofthe PCC forthe year ended 31" December2024 3a. Fixed Assets Freehold Proporty Rostricted Freehold Property DeBlgnat8d Fixture8 Des18Mated Office Equlpment D8Blgnated Totals COST At 1 January2024 e01,e04 277.500 122,766 25,191 1,027,061 DEPRECIATION At 1 January2024 270,748 31,979 118,513 22,186 443.428 Charge for the ar 11,767 5,573 2,795 1,996 22,041 At 310ecember 2024 282.516 37,552 121,308 24.182 465,467 NETBOOKVALUE At31 Dec6mber 2024 319,089 239.948 1.548 1,009 561,594 At31 Decgmber 2023 330.856 245,621 4853 3,005 583,835 St Margarevs Millennium Centre Is a restrlcted freehold property, whllst the designated propgrties comprise the church house, located at 60 Childscroft Road. The MilLennium Centr8 18 valued at historlcal cost. The church house is inGlud8d at the veluation provided bythe PCC of £60,OOOfor our previous 40% holding of th8 property plus our purchase of th8 remalnlng 60% from th9 Diocese for £217,500 in 2022. Thls w88 consid8red to be representative of the fair market value when it was v2luBd at 31 Decembgr 2001 to comply with the ChAritie8 Act. Investment Assets The church was donated 10 Centrica shares. Tho prlce per share at $111212024was £1.S36, giving a total value of £18,36. 48. Fund Movement Atran8fer of £11.599.22 from the Heritage fund to the General Fund was posted at the beginning of 2024. Thls was to correct an oversight from 2023. when money was withdrawn from the H8ritage bankaccounts and usedto payforthewollrepair. Atthattimg, the underlyingfundswere nottransterred, therefor6 showing£11,599.22 in the Heritage Fund butwith a balance of £0 in the bank. 39