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 Strate￿ICaLLY 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
Ex￿sS / 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 ￿tl￿tIeS
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
$IBnoted
RestrldBd
Endowmen¢
Th1$ Y￿r
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
F￿d5
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