## St Nicholas with St Mary, Strood # **ANNUAL REPORT and ACCOUNTS For 2021** **St. Nicholas with St. Mary Strood ANNUAL REPORT 2021** **Parochial Name: St. Nicholas with St. Mary, Strood Postal Address: High Street, Strood, Rochester, Kent ME2 4TR Correspondence: The Vicar Address: 18 Honeypot Close, Strood, Rochester, Kent ME2 3DU** _**Parochial Church Council Members for 2021** Rev. David Green (Chairman) Rev Sue Vallente-Kerr (Pioneer Minister) Elaine Ford (Assistant Church Warden) Ken Reynolds (Church Warden) Robert Foxwell (From APCM 2019 for three years) Sarah Wilkinson (Deanery Synod Representative from 2020) Ube Casely-Hayford (From APCM 2019 for three years) Will Childs (From APCM 2020 for two years, Deanery Synod representative from 2020) Robert James (From APCM 2020 for three years) Sue Marrable (From APCM 2020 for three years) Yvonne Harris (From APCM 2021 for three years) Jade Goodwin (From APCM 2021 for three years) Jeff Whiteley (From APCM 2021 for three years) Margaret James (stood down 2021) Andrew Vince (stood down 2021) Sarah Wilkinson (stood down 2021)_ Number on Electoral Roll: 96 Independent Examiner: Mr G Viggers Bankers: Barclays Bank, Strood Registered charity no.: 1138948 ## **AIMS AND PURPOSES** St Nicholas Church, Strood is a place of worship. We at St. Nicholas with St. Mary seek to fulfil our calling as followers of Jesus Christ. Our primary object is the promotion of the Gospel of our Lord Jesus Christ according to the doctrines and practices of the Church of England. The Parochial Church Council cooperates with the minister in promoting in the parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. We do this in many and varied ways, as the reports below will illustrate. In these ways we witness to the love of God shown to us in our lives and would draw others also into the life of discipleship. This witness is not simply a matter of words, but, includes practical service to one another and to the wider world, starting from the knowledge that all are loved by God and precious in His sight. We believe that this journey of faith is important for others to find. We also believe that Jesus is in our midst and therefore we seek to serve one another and the Jesus within and amongst us. 2 ## **OBJECTIVES AND ACTIVITIES** We continue to develop a vision of ‘welcome’. In pursuance of this mission during the year we have: 1. Continued to look at the facilities of the church buildings and to move forward in improving them for future and current users. 2. Continued to make preparations for enabling the Worship area of the church be made more available for the onward mission of the church. 3. During this pandemic we have maintained contact with the schools in the Parish via recorded assemblies and worship time, which will be a good preparation for when we finally are able to visit the schools. We have provided the schools with visual material that they can use in the classrooms. ## **ACHIEVEMENTS AND PERFORMANCE** At the centre of our church life is the Sunday services. We were able to begin congregational services in the church during the year, with all the Covid safeguards in place. The live-streaming of the 10:30am Service is a blessing and remains a valuable way for people to worship at home, particularly for those who cannot physically attend church, but also for those who feel vulnerable and do not want to take risks as the pandemic continues to affect community life. We set up an email group of over 70 people, who regularly received Digests from the Diocese and other links to material to help their spiritual life during the pandemic. We were also active in keeping in touch with those who were not online. When considering our achievements and the mission of the church we would like to thank particularly The Rev Sue Vallente-Kerr, our Pioneer Minister, for her vision and active service, her initiative and technical help; to Sue Marrable, our Parish Administrator, for her tireless and efficient work in maintaining and increasing the smooth running of the church, and for her technical expertise; to Ken Reynolds and Elaine Ford as once again being superb Church Wardens, with Ken also leading our music; to Sue Davis, who has been so helpful in steering our finances and keeping us up-to-date with Diocesan directives, and to all the members of the PCC Standing Committee, who have met on a weekly basis during this difficult time to make sure we are continuing to move forward into the future. We are conscious of the stress of social isolation which has been a part of the effects of this pandemic. An important initiative to combat this, which we have put into practice during the year when restrictions began to ease, was the setting up of a Toddlers Group in the Lower Hall. This was set up by The Rev Sue VallenteKerr and Vickie Desai, so we thank them very much for their vision and work on this. |Average weekly attendance:|40| |---|---| |Baptisms:|17| |Confirmations:|5| |Reaffirmation of Faith:|0| 3 ## **St Nicholas with St Mary Strood Financial Review** During the year, PCC general income increased by £112,290 (2021 £431,035, 2020 £318,745) mostly due to a legacy of £353,494 a reduction in fees of £3,477, a increase of hall rental income of £6,017 and a increase in car park income of £4,005, Grants of £7,175 from Medway Council and £5,801 from LPWG. General expenditure decreased by £19,205 (2021 £113,137, 2020 £132,342) mostly due to an increase in parish offer of £8,440, an increase in away giving of £1,406 and a decrease in repairs of £32,405. Total cash and balances held in bank accounts at the end of 2021 stood at £551,148 (2020 £234,151). It is the policy of the PCC to spend reserves under its stewardship to deliver its vision for the future and the PCC continues to discuss the best ways to use its funds to meet God’s purpose for the parish of Strood and the wider community. This year the Covid-19 pandemic recovery has slowly become to be seen. In 2020 income from hall rental, car park and fundraising events fell by 52% on 2019 levels. In 2021 it has been 30% lower than 2019 levels. Fortunately, two large legacies have helped to cushion the impact of the pandemic. We thank God that despite the difficult economic climate, St Nicholas is managing to make ends meet and has been able to make significant improvements to the church and grounds in recent years as a result of the reserves entrusted to it. We pray for guidance in directing resources to best serve His purpose. ## **Policy Statements** ## **Liquidity** It is the policy of the PCC to generally maintain unrestricted funds, which are the free reserves of the charity, at a level which equates to approximately three months unrestricted expenditure. This provides sufficient funds to cover management, administration and support costs, and to respond to emergency expenditure and applications for grants that arise from time to time. ## **Risk Management** The church insurance is reviewed on a regular basis. Cheques are signed by two signatories. A child protection policy is in place. Any potential hazards which come to the PCC’s attention are dealt with as soon as possible. 4 ## **Safeguarding** At the first meeting of a new PCC the House of Bishops’ ‘Promoting a Safer Church: Safeguarding Policy Statement’ is read out and formally adopted by the PCC. A Parish Safeguarding Officer is appointed and details of those to contact if there are any concerns are displayed in church. The PCC adopts the Safeguarding Policy of the Church of England. ## **AWAY GIVING** We gave to the following charities in 2021: USPG, MAF, Crisis, Raising Youth, Medway Night Shelter, The Children’s Society, Strood Community Shop, Canterbury Oast Trust, Poverty & Hope Appeal, Friends of Kent Churches, Friends of Rochester Cathedral, The Diocese of Rochester, Christian Aid, CDSG and Demelza Hospice. 2021 Due to the Pandemic the majority of groups did not meet in person until midyear when restrictions were lifted. ## **BEREAVEMENT AND PASTORAL GROUP** This group was not able to meet after Covid 19 emerged. The PCC Standing Committee took over the pastoral roll of the group and liaised with the group members if needed. The visiting of bereaved relatives had to cease when the pandemic took hold. ## **COFFEE SHOP** This did not take place in 2021 due to restrictions and concerns about the level of COVID infections. ## **CHILDREN AND YOUTH WORK** See Fresh Expressions. ## **CHIT CHAT GROUP** This informal group began to meet again towards the end of 2021. ## **DEANERY SYNOD** The Deanery Synod met twice during 2021, on Zoom on Tuesday 4th May 2021 and in person on 19 October 2021. At the May meeting we were invited to share something which we had learned during the previous difficult year. 5 At the October meeting Rev Dylan Turner gave a presentation and led a discussion workshop on the "Called to Grow" initiative, which is seeking to help churches engage with the local community. There was a presentation from the incumbent of St Helen's, Rev Andy Hobbs, and his Licensed Lay Minister, David Green, about the value of lay ministry and its impact on parish work. We discussed the "Living in Love and Faith" course and it was agreed to ask Jane Winter to deliver the course online for the Deanery. Will Childs ## **ELECTORAL ROLL** |Number of people living within the parish|52| |---|---| |Number of people living outside the parish|44| |Number of women|66| |Number of men|30| |Total|96| ## **FABRIC REPORT** After the relative quiet of 2020, 2021 has been a year that has presented many challenges, not least the ongoing Covid Pandemic. Restrictions changed and then changed again throughout the year and these made us look at what we do and how we can do it safely. We began to stream services in 2020, having a camera already in place, we just needed to purchase a small device to link it to the internet and to set up a YouTube account. We continued to live stream in 2021, even when we were able to have physical church services, for those who were unable to join us in person. We reached some who didn’t attend our services previously. The reordering project continued with lots of meetings and emails. We hope that in the early part of 2022, the tendering process will begin. Medway Council, as part of their improvements to Strood, wanted to illuminate St Nicholas Church. The result is lovely. As part of this project new cables were laid which involved a lot of digging. An archeologist was on site most days to deal with any remains and finds uncovered. From her we learnt a lot about the churchyard. The other major change was the installation of a Fire Detection System which, after a few teething troubles, settled down nicely. Unfortunately problems with Strood High Street electrics continued to make life interesting. Elaine Ford 6 ## **FRESH EXPRESSIONS** 2021 was another challenging year for us all, however, we continued to invite families to our monthly outreach event Up4it. Up4it gathers families of all ages together for 40 mins of craft, games, activities, stories and creative prayers and includes those from the parishes of Frindsbury and Upnor. We even had a wild Christingle outside in the Vicarage garden . Contact with schools had to change and clergy recorded assemblies for the schools within the Parish and sent them out to be watched in classrooms. Schools were visited for Harvest celebrations but Omicron meant it was back to virtual worship for schools at Christmas. The St Nicholas Infant School assembly team continued to support the school with weekly worship, and a special thanks for this goes to Rev David, Brian Davis and Ken Reynolds. During the Christmas Period we worked with the Parish of Frindsbury in providing food hampers for those families most in need in Strood. We were able to support 80 families thanks to the generosity of the congregations here and St Gabriel’s Church Kings Hill, including presents for every child, supported also by Strood Rotary club . ## **Sunday School** In 2021 we restarted Sunday school for families once a month encouraging families to come especially on that Sunday (though obviously they are welcome every week). They were able to enjoy additional activities during the sermon and prayer time that were more age appropriate. The involvement of all ages in Sunday Worship was considered leading to children reading the lesson, helping the Stewards and taking the collection plate up to the altar. ## **Toddlers** We became increasingly aware of parents and carers struggling with isolation during the pandemic. After conversations with various parents we decided to begin a toddler group called Toddle and Chat on Thursday mornings 10-11.30. The children have access to toys and craft activities, some adult led, whilst parents chat. The session usually ends with singing or a parachute game. The group has been a real success with a special thanks to the inspiration and hard work of Vickie Desai. Thanks also to Janet Hughes, Jeff Whiteley and Sue Marrable for their help and support. ## **HALL GROUP** The Church has two halls and the Swain Vestry for the use of both the congregation and outside groups, for social and fund-raising events. Many groups swapped halls in 2021 so that they were better able to space out. As a result the Swain Vestry was rarely used and we offered it as temporary office space to Raising Youth, a charity working to support mental health issues from birth to adulthood. The collaboration was of great benefit to them and us so they stayed. The Upper Hall was used by a Playgroup weekdays all year and Rainbows one night a week when they returned in September. The Lower Hall was used by GA, AA and The Home Education Group from the beginning of the year. From June to September other groups returned – The Phoenix Art Group, Garden Club, Compassionate Friends, Friends of Medway Archives, CA and Floral Art. The 7 Home Education Group left in October. A church run Parent Toddler group, established during the year, and Kent Family History Society used the Lower Hall too. The Swain Vestry was used for church meetings. It was also used by the Medway Parent Carer Forum, a Housing Charity and Rede Common Group for meetings as well as by Raising Youth. ## **MAGAZINE GROUP** The magazine editorial group, comprising of five people, made decisions by email during 2021. ## **MUSIC REPORT 2021** The year started in much the same way as 2020, we followed all the rules and added music into the service in ways we were allowed. As the year progressed, we were able to increase the musical contribution. Gradually, we moved from just hymns to be able to add other parts such that by Christmas 2021 we were singing our usual musical settings of the Eucharist as well as hymns led by the choir. In the Autumn we restarted our sung evening prayer once a month. We were able to reintroduce many of our regular Christmas services I would like to thank the choir for their continuing loyalty and strong lead to our singing over the past year but also all of our congregations for maintaining our music within the limits imposed on us. Ken Reynolds ## **PAROCHIAL CHURCH COUNCIL** The full Council met twice physically and four times by Zoom during 2021. One meeting was an extraordinary one to discuss the problems in the car park. The APCM was held in May. The Standing Committee met weekly via Zoom and the rest of the PCC were consulted when necessary via email. At the start of 2021 there were five ex-officio members of the Council and eight elected members. Average attendance at meetings was 86%. At the first meeting after the APCM, in July 2021, Sue Marrable was appointed as Secretary to the PCC. Ube Casely-Hayford was appointed as Safeguarding Officer and The PCC accepted the Safeguarding Statements of the Church of England House of Bishops. Jeff Whiteley was appointed Treasurer. Rev David Green, Jeff Whiteley, Elaine Ford, Rob Foxwell, Ken Reynolds, Sarah Wilkinson, Sue Marrable and Sue Davis (Financial Advisor) were appointed to form the Standing Committee. Financial reports prepared by Sue Davis, our financial advisor, were considered and approved at each meeting. 8 ## **SAFEGUARDING** During 2021, there were no Safeguarding issues. The Diocesan office regularly updated us by emails and through the Digest about any changes in Safeguarding. This was useful particularly due to the restrictions of the Pandemic. Rev. David Green ensured that Safeguarding is always on the agenda for PCC meetings. We appointed Sue Marrable as deputy DBS recruiter. DBS checks for all that needed to have them were kept up-to-date and Safeguarding training was undertaken by all who needed to. Uberta Casely-Hayford, Safeguarding officer ## **SOCIAL AND GENERAL FUND-RAISING GROUP** ## **Aims:** To provide the social links within our Church and to extend these to the local community. To encourage and involve the congregation to be part of fund-raising events of our Church. ## **Objectives:** ## **SOCIAL** To try to target all ages within our Church and community. ## **FUNDRAISING** To use a variety of events to encourage wide participation and interest. In 2021 the only event we held was a Christmas Bazaar which was very successful. During Lent Smarties tubes were given out to be returned filled with money at Easter, these helped support our charities. ## **STANDING AND FINANCE COMMITTEE** ## **Aims:** To meet prior to each PCC meeting and to think through the Agenda for that meeting, making any necessary recommendations to the PCC. The Committee also makes interim decisions for the PCC when that is appropriate. To work with the Accounts Adviser, who prepares the accounts for us and gives us advice as to our financial position. The Standing Committee met weekly via Zoom during 2021 and aimed for a monthly face-to-face meeting from September. ## **WORSHIP GROUP** The Worship Group began meeting again in 2021. Its aim is to be a forum for discussion on every aspect of worship in our church. This includes consideration of the services we provide now, reviewing those which have taken place since the group last met and also looking ahead, putting forward ideas for the future. The group is useful also in discussing any feedback about services from the congregation. 9 **Independent Examiner’s Report to the PCC of St Nicholas with St Mary, Strood** This Report on the accounts of the PCC for the year ended 31 December 2020, which are set out in this annual report, is in respect of an examination carried out under Regulation 3(3) of the Church Accounting Regulations 2006 (“ the Regulations”) and section 145 of the Charities Act 2011 (“the Act”). ## **Respective responsibilities of the PCC and the examiner** As members of the PCC you are responsible for the preparation of the accounts; you consider the audit requirement of Regulation 3(3) of section 144(2) of the Act do not apply. It is my responsibility to issue this report on those accounts in accordance with the Regulations. ## **Basis of this report** My examination was carried out in accordance with the General Directions given by the Charity Commission under section 145(5)(b) of the Act and to be found in the Church guidance, 2006 edition, issued by the Finance Division of the Archbishops’ Council. That examination includes review of the accounting record kept by the PCC and a comparison of the accounts with those records. It also includes considering any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an opinion on the view given by the accounts. ## **Independent Examiner’s statement** In connection with my examination, no matter has come to my attention: - (1) which gives me reasonable cause to believe that in any material respect the requirements - to keep accounting records in accordance with section 130 of the Act; and - to prepare accounts which accord with the accounting records and comply with the requirements of the Act and the Regulations, have not been met; or - (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Date: 28 April 2022 Mr. Gordon Viggers FCA 74 Woodstock Road Sittingbourne Kent ME10 4HN 10 ## **PAROCHIAL CHURCH COUNCIL OF ST NICHOLAS WITH ST MARY, STROOD** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021** |Note
**Incoming resources**
_Voluntary income_
2a
_Activities for generating funds_
2b
_Income from investments_
2c
_Church activities_
2d
_Other income_
2e
**Total**
**Resources expended**
_Church activities_
3a
_Raising funds_
3b
_Other resources expended_
3c
**Total**
_Gains/(losses) on investment assets_
6
**Net income/(expenditure)**
Transfers between funds - transfers in
Transfers between funds - transfers out
_Gains/(losses) on revaluation of fxed assets_
Other recognised gains/losses
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward at 1 January 2021
**Total funds carried forward at 31 December 2021**|**TOTAL**
TOTAL
Unrestricted
Designated
Restricted
Endowment
**FUNDS**
FUNDS
s
Funds
Funds
Funds
Funds
**2021**
2020
£
£
£
£
**£**
£
394,812
146
0
0
**394,958**
292,104
32,151
0
0
0
**32,151**
22,578
2,089
41
780
0
**2,910**
2,859
1,633
0
0
0
**1,633**
1,399
350
297
0
0
**647**
3,769| |---|---| ||431,035
484
780
0
**432,299**
322,709| ||112,942
1,277
0
0
**114,219**
133,004
195
0
0
0
**195**
115
0
0
0
0
**0**
0| ||113,137
1,277
0
0
**114,414**
133,119| ||9,006
5,030
**14,036**
6,316
317,898
8,213
780
5,030
**331,921**
195,906
0
3,840
0
0
**3,840**
3,340
(3,840)
0
0
0
**(3,840)**
(3,340)
0
0
0
0
**0**
0
0
0
0
0
**0**
0| ||314,058
12,053
780
5,030
**331,921**
195,906| ||203,170
89,128
7,293
35,166
**334,757**
138,851
517,228
101,181
8,073
40,196
**666,678**
334,757| A1 ## **PAROCHIAL CHURCH COUNCIL OF ST NICHOLAS WITH ST MARY, STROOD** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020** |||||||**TOTAL**|TOTAL| |---|---|---|---|---|---|---|---| |||Unrestricted|Designated|Restricted|Endowment|**FUNDS**|FUNDS| ||Notes|Funds|Funds|Funds|Funds|**2020**|2019| |||£|£|£|£|**£**|£| |**Incoming resources**|||||||| |_Voluntary income_|2a|289,377|0|2,727|0|**292,104**|31,485| |_Activities for generating funds_|2b|22,578|0|0|0|**22,578**|45,695| |_Income from investments_|2c|2,053|58|748|0|**2,859**|2,808| |_Church activities_|2d|1,399|0|0|0|**1,399**|4,868| |_Other income_|2e|3,338|431|0|0|**3,769**|0| |**Total**||318,745|489|3,475|0|**322,709**|84,856| |**Resources expended**|||||||| |_Church activities_|3a|132,227|527|250|0|**133,004**|84,605| |_Raising funds_|3b|115|0|0|0|**115**|449| |_Other resources expended_|3c|0|0|0|0|**0**|312| |**Total**||132,342|527|250|0|**133,119**|85,366| |_Gains/(losses) on investment assets_|6||4,051||2,265|**6,316**|14,468| |**Net income/(expenditure)**||186,403|4,013|3,225|2,265|**195,906**|13,958| |Transfers between funds - transfers in||0|3,340|0|0|**3,340**|3,340| |Transfers between funds - transfers out||(3,340)|0|0|0|**(3,340)**|(3,340)| |_Gains/(losses) on revaluation of fxed assets_||0|0|0|0|**0**|0| |Other recognised gains/losses||0|0|0|0|**0**|0| |**Net movement in funds**||183,063|7,353|3,225|2,265|**195,906**|13,958| |**Reconciliation of funds:**|||||||| |Total funds brought forward at 1 January 2020||20,107|81,775|4,068|32,901|**138,851**|124,893| |**Total funds carried forward at 31 December 2**||203,170|89,128|7,293|35,166|**334,757**|138,851| A1 ## **PAROCHIAL CHURCH COUNCIL OF ST NICHOLAS WITH ST MARY, STROOD** ## **BALANCE SHEET AT 31 DECEMBER 2021** |Notes
**2021**
£
**Fixed assets**
Tangible fxed assets
5
**1,052**
Investments
6
**112,161**
**Total fxed assets**
**113,213**
Debtors
7
**5,391**
Short term deposits
**356,537**
Cash at bank and in hand
**194,611**
**556,539**
Creditors: amounts falling due within one year
8
**(3,074)**
**Net current assets**
**553,465**
**Total assets less current liabilities**
**666,678**
Creditors: amounts falling due after one year
8
**NET ASSETS**
**666,678**
**Funds**
9
**Endowment funds**
10
**40,196**
**Restricted funds**
10
**8,073**
**Unrestricted funds**
10
**618,409**
**666,678**|2020
£
1,699
98,124| |---|---| ||99,823
5,043
33,694
200,457| ||239,194
(4,260)| ||234,934| ||334,756| ||334,757| ||35,166
7,293
292,298| ||334,757| Approved by the Parochial Church Council on 1 March 2022 and signed on its behalf Revd David Green Chairman The accompanying notes form a part of these financial statements. A2 **PAROCHIAL CHURCH COUNCIL OF ST NICHOLAS WITH ST MARY, STROOD** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021** ## **1. Accounting policies** ## **a Basis of preparation** The PCC is a public benefit entity within the meaning of FRS102. The financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individual accounts of PCCs, and with the Regulations' "true and fair view" provisions, together with FRS102 2016 as the applicable accounting standards and the 2016 version of the Statement of Recommended Practice, Accounting and Reporting by Charities SORP FRS102. The financial statements have been prepared under the historical cost convention, except for the valuation of investment assets which are shown at fair value. ## **b Funds** Funds held by the PCC are: _Unrestricted funds_ - These represent the remaining income funds of the PCC that are available for spending on the general purposes of the PCC, including amounts designated by the PCC for fixed assets for its own use or spending on a future project and which are therefore not included in its 'free reserves' as disclosed in the trustees' report. _Restricted funds_ - These are income funds that must be spent on restricted purposes and details of the funds held and restrictions provided are shown in the notes to the accounts. _Endowment funds_ -These are restricted funds that must be retained as trust capital either permanently or subject to a discretionary power to spend as capital income, and where the use of any income or other benefit derived from the capital may be restricted or unrestricted. Full details of all their restrictions are shown in the notes to the accounts. ## **c Incoming resources** ## **Recognition of income and endowments** These are included in the Statement of Financial Activities (SOFA) when: 1. the PCC becomes legally entitled to the use of the resources; 2. and the inflow of economic benefits is probable; and **Fundraising costs** - Funds raised from events and trading activities (e.g. a fete, a garden party or sales of books and magazines) are reported gross in the SOFA – i.e., before any related costs that may have been deducted from the gross proceeds. **Grants and donations** - Grants and donations are included in the SOFA when any preconditions preventing their use by the PCC have been met. For collections and planned giving this is when the funds are received. **Gift Aid Tax claims, etc.** - Gift Aid and other tax claims are included in the SOFA at the same time as the cash donations to which they relate. **Gifts in kind** - Gifts in kind are accounted for at a reasonable estimate of their fair value at the time of gift, if feasible, or else at the amount actually realised from their disposal. Gifts in kind for sale to fund the PCC are included in the accounts at their estimated fair value at the date of gift, if feasible – or else recognised when sold by the charity. Gifts in kind for the PCC’s own use are included in the SOFA as incoming resources at their fair value when receivable, and expensed as and when consumed in use. Gifts of fixed assets, if material, are included in the balance sheet at their fair value and expensed over the asset’s useful economic life. **Donated services and facilities** - These are included in income (and at the same time in resources expended) at the estimated fair value to the PCC of the service or facility received. **Volunteer help** - The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report. _**Rental income**_ - Rental income from the letting of the church is recognised when the rental is due. **Investment income** - This is included in the accounts when receivable. **Investment gains and losses** - This includes any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value A3 ## **PAROCHIAL CHURCH COUNCIL O** ## **NOTES TO THE FINANCIAL STA FOR THE YEAR ENDED 31 DEC** ## **d Expenditure and Liabilities** **Liability recognition** - Liabilitie legal or constructive bli i d l i b **Governance costs** _**-**_ Include cos of statutory accounts, the costs of trustee me advice to trustees on governance **Grants payable without perfo** recognised in the accounts when externally and there are no pre-c to the grant which remain within ## **e Assets** **Consecrated and beneficed p** benefice property of any kind is e “charity” by Section 10(2) (a) an assets are not capitalised in the fi - **Movable church furnishings** depreciated over their useful eco cost information is available. In t all items are included in the Chur ## **Tangible fixed assets for use** if they can be used for more than They are valued at cost or else, f of their open market vale on rece Depreciation is calculated to writ less their currently anticipated re useful lives as follows: A4 Land Buildings Fixtures & Fittings Computers A5 ## **OF ST NICHOLAS WITH ST MARY, STRO** ## **ATEMENTS (continued) CEMBER 2021** es are recognised as soon as there is a b bl d ifi bl sts of the preparation and examination eetings and cost of any legal e or constitutional matters. ## **ormance conditions** - These are a commitment has been made conditions still to be met for entitlement the control of the PCC. **roperty** - In so far as consecrated and excluded from the statutory definition of d (c) of the Charities Act 2011 such financial statements. These are capitalised at cost and onomic life other than where insufficient his case the item is not capitalised, but rch's inventory in any case. **by the Church** - These are capitalised n one year, and cost at least £1,000. for gifts-in-kind, at a reasonable estimate eipt te off the cost of tangible fixed assets esidual fair value over their estimated A6 20 years 3 years A7 ## **PAROCHIAL CHURCH COUNCIL OF ST NICHOLAS WITH ST MARY, STROOD** ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2021** ## **2 Incoming resources** |**a** _Voluntary income_
Planned giving
Income tax recoverable on planned giving
Other planned giving
Collections
Donations and appeals
Income tax recoverable on donations and appeals
Grants
Legacies
Charitable giving receipts
Church group receipts
**b** _Activities for generating funds_
Church hall lettings to non church organisations
Fetes, bazaars and other fund-raising events
Car park space rental income
Magazine advertising
**c** _Income from investments_
Dividends and interest
**d** _Church activities_
Magazine sales
Book sales to promote objectives
Votive candles
Fees from weddings etc
**e** _Other income_
Other income
Insurance receipt
Shared staf costs
**Total incoming resources**|**TOTAL**
TOTAL
**Unrestricted Designated**
**Restricted**
**Endowment**
**FUNDS**
Unrestricted
Designated
Restricted
Endowment
FUNDS
**Funds**
**Funds**
**Funds**
**Funds**
**2021**
Funds
Funds
Funds
Funds
2020
**£**
**£**
**£**
**£**
**£**
£
£
£
£
£
19,090
**19,090**
17,424
17,424
5,003
**5,003**
3,429
3,429
10
**10**
90
90
2,018
**2,018**
1,471
1,471
2,071
146
**2,217**
2,356
2,727
5,083
0
**0**
0
0
13,126
**13,126**
1,556
1,556
353,494
**353,494**
263,000
263,000
0
**0**
51
51
0
**0**
0
0| |---|---| ||394,812
146
0
0
**394,958**
289,377
0
2,727
0
292,104| ||16,624
**16,624**
10,607
10,607
1,650
**1,650**
2,104
2,104
13,302
**13,302**
9,297
9,297
575
**575**
570
570| ||32,151
0
0
0
**32,151**
22,578
0
0
0
22,578| ||2,089
41
780
**2,910**
2,053
58
748
2,859| ||2,089
41
780
0
**2,910**
2,053
58
748
0
2,859| ||652
**652**
593
593
0
**0**
0
0
128
**128**
146
146
853
**853**
660
660| ||1,633
0
0
0
**1,633**
1,399
0
0
0
1,399| ||350
78
**428**
0
0
**0**
3,338
3,338
0
219
**219**
431
431| ||350
297
0
0
**647**
3,338
431
0
0
3,769| ||| ||431,035
484
780
0
**432,299**
318,745
489
3,475
0
322,709| A8 ## **PAROCHIAL CHURCH COUNCIL OF ST NICHOLAS WITH ST MARY, STROOD** ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2021** ## **3 Resources expended** |**3 Resources expended**|| |---|---| |**a** _Church Activities_
Missionary and charitable giving (Note 11):
Ministry costs:
Diocesan parish contribution
Working expenses
Vicarage expenses
Church running expenses
Church maintenance
Insurance
Upkeep of services
Education
Parish training and mission
Church refreshments
Parish magazine
Church hall costs
Flowers
Church purchases
Car park and grounds redevelopment
Church repairs
Project spending
Depreciation
Ofce costs
Cost of annual accounts - Independent examination fee
Bookkeeping service
Legal and professional
**b** _Raising funds_
Cost of applying for grants
Cost of planned giving
Fund raising costs
**c**
_Other expenditure_
Drop-in centre costs
**Total resources expended**|**TOTAL**
TOTAL
**Unrestricted Designated**
**Restricted**
**Endowment**
**FUNDS**
Unrestricted
Designated
Restricted
Endowment
FUNDS
**Funds**
**Funds**
**Funds**
**Funds**
**2021**
Funds
Funds
Funds
Funds
2020
**£**
**£**
**£**
**£**
**£**
£
£
£
£
£
3,404
**3,404**
1,998
1,998
**0**
0
65,700
**65,700**
57,260
57,260
847
**847**
859
859
2,581
**2,581**
2,574
2,574
4,330
**4,330**
3,853
3,853
5,400
**5,400**
1,531
250
1,781
4,235
**4,235**
4,165
4,165
1,939
110
**2,049**
837
527
1,364
0
**0**
0
0
1,164
219
**1,383**
227
227
290
**290**
37
37
56
**56**
13
13
3,073
**3,073**
3,223
3,223
0
**0**
33
33
1,815
**1,815**
1,069
1,069
1,236
**1,236**
4,444
4,444
12,041
948
**12,989**
44,532
44,532
0
**0**
0
0
647
**647**
647
647
1,944
**1,944**
2,845
2,845
800
**800**
400
400
1,440
**1,440**
1,440
1,440
0
**0**
240
240| ||112,942
1,277
0
0
**114,219**
132,227
527
250
0
133,004| ||**0**
0
5
**5**
21
21
190
**190**
94
94| ||195
0
0
0
**195**
115
0
0
0
115| ||0
**0**
0
0| ||0
0
0
0
**0**
0
0
312
0
0| ||| ||113,137
1,277
0
0
**114,414**
132,342
527
562
0
133,119| ## **Total resources expended** A9 ## **PAROCHIAL CHURCH COUNCIL OF ST NICHOLAS WITH ST MARY, STROOD** ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2021** ## **4 Staff costs** ## **a** _Wages and salaries_ The PCC has two employees a cleaner and administrator total salary costs were £3,231 (2020 £2,431). The organist's services are donated. ## **b** _Payments to PCC members_ £233 travel expenses were reimbursed to the organist during 2021 (2020 £102). The total donations by PCC members in 2021 was £6,263 (2020 £5,479) ## **5 Tangible fixed assets** |**Cost or valuation**
At 1 January 2021
Additions
Disposals
Revaluation
At 31 December 2021
**Depreciation**
At 1 January 2021
Provided in the year
Disposals
At 31 December 2021
**Net book amounts**
**At 31 December 2021**
At 31 December 2020|Freehold land
Church
Kitchen
and buildings
equipment
fttings
£
£
£
0
12,393
10,390
0
0
0
12,393
10,390
10,694
10,390
647
0
11,341
10,390
**0**
**1,052**
**0**
0
1,699
0|**TOTAL**
£
**22,783**
**0**
**0**
**0**| |---|---|---| |||**22,783**| |||**21,084**
**647**
**0**| |||**21,731**| |||| |||**1,052**| |||| |||1,699| The PCC spent £10,390 on a new kitchen, in 2009, for the lower hall and, in 2013, £5,455 on a new sound system and in 2017 £1,014 on new chairs. All of which are being depreciated on straight-line basis over ten years with a full year's charge in the first year. Other equipment used within the Church premises has been depreciated on a straight-line basis over four years and has been completely written down to nil net book value. Individual items of equipment with a purchase price of £1000 or less are written off when acquired. ## **6 Investments** |**Investments**||||| |---|---|---|---|---| |||||£| |At 1 January 2021||||98,124| |Disposals at carrying value||||| |Purchases at cost||||0| |Net gains and revaluation||||14,036| |**At 31 December 2021**||||**112,161**| |The following units are held in the CBF Investment Fund:|Book cost|Units|Valuation|Value| ||£||p|£| |Assistant Curate||3,073.04|2341.81|71,965| |Swain Trust|220|55.00|2341.81|1,287| |Whittaker/Reynolds|2000|1,230.47|2341.81|28,815| |St Mary's Hall|2355|431.00|2341.81|10,094| |||||**112,161**| The general fund investment is unrestricted. The remaining three investments are held in endowment funds as A10 **PAROCHIAL CHURCH COUNCIL OF ST NICHOLAS WITH ST MARY, STROOD** ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2021** ## **7 Debtors** |**7 Debtors**|| |---|---| |Income tax recoverable
Prepayments
**8 Creditors**
**Creditors: amounts falling due within one year**
Accrued expenses
Hall and key deposits
Other creditors|**2021**
2020
**£**
£
**4,128**
3,765
**1,263**
1,278| ||**5,391**
5,043| ||**2021**
2020
**£**
£
**1,465**
2,970
**564**
343
**1,045**
947| ||**3,074**
4,260| There are no creditors falling due after more than one year ## **9 Analysis of Net assets by fund** |Fixed assets for church use
Investment fxed assets
Current assets
Current liabilities|Unrestricted
Designated
Restricted
Endowment **Total Funds**
Total Funds
Funds
Funds
Funds
Funds
**2021**
2020
£
£
£
£
**£**
£
1,052
**1,052**
1,699
71,965
40,196
**112,161**
98,124
519,250
29,216
8,073
**556,539**
239,194
(3,074)
**(3,074)**
(4,260)| |---|---| ||**517,228**
**101,181**
**8,073**
**40,196**
**666,678**
334,757| A11 **PAROCHIAL CHURCH COUNCIL OF ST NICHOLAS WITH ST MARY, STROOD** ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2021** ## **10 Statement of funds** |**Unrestricted Funds - undesignated**
**Unrestricted Funds - designated**
Church Repair Fund
Lift Fund
Assistant Curate Fund
Vicar's Discretionary Fund
Toddlers
SCP
Music
**Restricted Funds**
Garden of Remembrance
Swain Vestry
Whitaker Reynolds
Hymn books large print
Drop-in Centre
Bells
**Endowment Funds**
Swain Vestry
Whitaker Reynolds
St Mary's Hall
**Total funds**|Transfers,
At
other gains
**At**
1 Jan 2021
Income
Expenditure
and losses
**31 Dec 2021**
£
£
£
£
**£**
203,170
431,035
(113,137)
(3,840)
**517,228**
18,595
33
(948)
1,900
**19,580**
1,495
8
**1,503**
63,392
219
9,006
**72,617**
100
**100**
0
224
(219)
500
**505**
100
**100**
5,446
(110)
1,440
**6,776**| |---|---| ||89,128
484
(1,277)
12,846
**101,181**| ||35
**35**
93
32
**125**
3,818
748
**4,566**
38
**38**
458
**458**
2,851
**2,851**| ||7,293
780
0
0
**8,073**| ||1,126
161
**1,287**
25,209
3,606
**28,815**
8,831
1,263
**10,094**| ||35,166
0
0
5,030
**40,196**| ||| ||334,757
432,299
(114,414)
14,036
**666,678**| The designated funds comprise: The Church Repair Fund is a deposit accounts held with Rochester Diocese Board of Finance and have been designated by the PCC for the repair of the church. The Hall repair accounts was closed in 2012 as there has not been a separate hall for some time. The closing balance of £335 was transferred to the general fund. At the end of 2012, the PCC decided to designate the 10,183.44 units in the CBF investment fund to provide income towards the costs of an assistant curate in the parish. The assets were therefore transferred from the general fund to the new Assistant Curate fund. The PCC commenced a new fund in 2011 to fund projects to improve the church facilities and surroundings. In 2011 the PCC was able to make improvements to the South Porch and redevelopment of the car park from this fund. The PCC commenced a new fund in 2010 to set aside legacies so that these could be used for specific purposes rather than general running costs, although there was no restriction in the bequest. The PCC commenced a new fund to save for a lift to Upper Hall in 2009 (the "Lift Fund"). Donations received from the Strood Community Project's sponsored abseiling down the church tower were designated by the PCC for the lift. The restricted funds comprise: The Missions and Charities fund is for donations given specifically for charitable giving and the ensuing donations to charities. The Creche fund is for donations given specifically for the creche area of church and the PCC intends to use it to provide new carpeting in this area. A12 ## **PAROCHIAL CHURCH COUNCIL OF ST NICHOLAS WITH ST MARY, STROOD** ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2021** ## **10 Statement of funds (continued)** The Garden of Remembrance fund is for donations given specifically for the garden of remembrance. The Mothering Sunday flowers fund is for donations given specifically for Mothering Sunday flowers. The Upper Hall fund resulted from a grant received specifically for the refurbishment of the upper hall. The Bookcase fund and Hymn book large print fund are for donations given specifically for these purposes. The Stipend and assistant staff fund is for the income from the guaranteed annuity which is restricted for the incumbent's stipend and the donated services of the assistant clergy. The Swain restricted fund and the Whittaker Reynolds restricted fund comprise the accumulated interest from these endowment funds. The endowment funds comprise: The Swain Trust is a permanent endowment, the income from which is restricted for the upkeep of the memorial vestry. The Whittaker/Reynolds gift is a permanent endowment, the income from which is restricted for the maintenance of the assistant clergy of the parish, including visiting speakers. St Mary's Hall fund results from the proceeds of the sale of the hall and the income may be used for the general ecclesiastical purposes of the parish. Whilst it is an expendable endowment, the capital may only be used with the consent of the Charity Commissioners. ## **11 Missionary and charitable giving** |USPG
Mission Aviation Fellowship
Friends of Kent Churches
Friends of Rochester Cathedral
Poverty & Hope Appeal
Demelza
Night Shelter
Christian Aid
Crisis
Children's Society
Canterbury Oast Trust
Strood Community shop
Diocese of Rochester
Raising Youth
CDSG|**2021**
**2021**
2020
2020
**£**
**£**
£
£
**General**
**Restricted**
General
Restricted
**0**
**0**
200
0
**200**
**0**
200
0
**10**
**0**
10
0
**20**
**0**
20
0
**76**
**0**
200
0
**0**
**0**
200
0
**236**
**0**
200
0
**0**
**0**
200
0
**200**
**0**
200
0
**91**
**0**
368
0
**16**
**0**
200
0
**500**
**0**
0
0
**2,000**
**0**
0
0
**50**
**0**
0
0
**5**
**0**
0
0| |---|---| ||**3,404**
**0**
1,998
0| A13 ## **Gordon Viggers FCA 74 Woodstock Road Sittingbourne Kent ME10 4HN Tel: 01795 477774 Email: gordon.viggers@yahoo.co.uk** # **28 April 2022** Dear Sue ## **St Nicholas with St Mary, Strood – Year ended 31 December 2021** I am pleased to confirm that I have now completed my work in connection with the independent examination of the PCC Accounts for the year ended 31 December 2021. I have no comments to raise on the accounts at all this year and accordingly I enclose a note of my fees for your kind attention in due course. With best wishes Yours sincerely, Gordon Viggers ## **Gordon Viggers FCA 74 Woodstock Road Sittingbourne Kent ME10 4HN Tel: 01795 477774 Email: gordon.viggers@yahoo.co.uk** To the PCC St Nicholas with St Mary High Street Strood Kent ## INVOICE Dated 28 April 2022 Fee for carrying out an independent examination of the Annual Accounts for the year ended 31 December 2021. Total Due…………………………………………………………………….£600.00 Please make cheque payable to LJ Viggers Or by bank transfer to: Sort Code: 11-07-02 Account Number: 00429971