St Margaret of Antioch Church
St Margaret's at Cliffe
Registered Charity No: 1166921
ANNUAL REPORT AND FINANCIAL STATEMENTS OF ST MARGARET'S AT CLIFFE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31ST DECEMBER 2022
CONTENTS
Pages 2 – 5 Annual Report for 2022 Page 8 Independent Examiner's Report Page 9 General Fund – Receipts & Payments account Page 10 - 11 Restricted Funds – Receipts & Payments account Endowment Funds – Reciepts & Payments account Statement of Assets & Liabilities
Page 12 Summary of Total Receipts & Payments Page 12 - 14 Notes to the Financial Statements
Incumbent (Appointed 17[th] March 2021)
Reverend Karen Reeves The Vicarage Sea Street St Margaret's at Cliffe
Dover Kent CT15 6AR
Independent Examiner
Stuart Jaenicke Merzenich Station Road St Margaret's at Cliffe Dover Kent CT15 6AY
Bankers
CAF Bank
Investment Managers
F & C Fund Management Ltd Chelmsford CM99 2XH
CCLA 80 Cheapside London EC2V 2DZ
1
ANNUAL REPORT for the year 2022
ADMINISTRATION INFORMATION
The Church of St. Margaret of Antioch is situated in High Street, St. Margaret's at Cliffe in the Dover Deanery and within the Canterbury Diocese.
The correspondence address is; The Vicarage, Sea Street, St. Margaret's at Cliffe, Dover. CT15 6AR.
PCC members are either ex-officio or elected at the Annual Parochial Church Meeting according to Church Representation Rules. During the year, the following served as PCC members:
Incumbent: The Reverend Karen Reeves (appointed 17 March 2021; on long-term sick leave from 6[th] October 2022) Churchwardens: Barbara Wells (up to 8[th] May 2022; also Deanery Synod Representative), Vivienne Verren, Anna Newton (from 8[th] May 2022) PCC Secretary: Elaine Kingston (to June 2022) Elected members: Linda Carter (Joint Treasurer & Gift Aid Secretary); Pam Williams; Sarah Mansfield (RIP); Siân Pinnock (to July 2022); Allan Greenwood; James Archer; Elaine Kingston Joint Treasurer: Beata Bailey (not PCC member) Benefice Admin: Simon Creed (from 1[st] May 2022; PCC Sectretary from June 2022)
STRUCTURE, GOVERNANCE & MANAGEMENT
The PCC became a registered charity on 4 May 2016. The method of appointing PCC members is set out in the Church Representation Rules. All regular Church attendees are encouraged to register on the Electoral Roll and stand for election to the PCC. The sub-committees, instituted in 1999, are directly accountable to the PCC and report to that body at PCC Meetings and with the circulation of minutes etc. where appropriate. The insurance cover is reviewed on an annual basis and includes indemnity cover for all PCC members as Trustees. The Church's Health & Safety Manual introduced in 2005 is also reviewed annually. There is in place a
Safeguarding Policy. Diocesan advice has been followed and there is a Benefice Disclosure Officer and a Benefice Safeguarding Co-ordinator. Statutory checks have been, and continue to be made for all Church personnel who may be in regular contact with children and vulnerable adults. They also attend courses. This policy is subject to annual review and updated to comply with regulations. The Diocese is consulted for advice. An annual review is also undertaken of any actions which may be needed to meet the requirements of Equalities legislation.
AIMS, OBJECTIVES & ACTIVITIES
The St Margaret's PCC has the responsibility of co-operating with the Incumbent in promoting within the ecclesiastical parish, and the St Margaret's Benefice, the whole mission of the Church, pastoral, evangelical, social and ecumenical. The PCC is committed to enabling as many people as possible to worship at our church and the three other churches within the St Margaret's Benefice. The PCC maintains a wide overview of worship throughout the parish with a variety of different types of service and non church-based activity.
When planning church services and activities, the PCC considers the Charity Commission guidance on public benefit. This extends to both social activity and access to the Church for the wider community who share a specific interest in the unique architecture of this fine Norman church. The PCC is also responsible for the maintenance of the church fabric as a historic monument and as a worshipping church.
ACHIEVEMENTS & PERFORMANCE
Electoral Roll. There were 86 (82 in 2021) parishioners on the Church Electoral Roll,3 of whom are not resident within the Parish.
Church Attendance. The average weekly attendance was 32, when services were held . This number does not include a higher level of attendances at festivals and other special services . It also ignores the periods when church services were not held in the Covid 19 epidemic lockdowns, which continued to affect us early in the year. Church attendances at major festivals, ie Harvest, Remembrance, Christmas, Mothering Sunday and Easter Sunday, in particular, continue to suggest that the latent Christian beliefs within the local area are still very much alive and well. Commemorative services are also well attended.
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REVIEW OF THE YEAR
The PCC
The PCC met 6 times during the year with an APCM in May 2022. The practice of holding combined PCC meetings with the other churches continued in the form of the Focus Group.
The Church & Families.
The Saturday Service continued throughout 2022, with a small break to the usual monthly pattern due to the Jubilee celebrations, swapping the odd month for porch packs of activities when appropriate. November 2022 also marked our 12th anniversary, and we continue to be supported by a core of five families, with others attending when able. We greatly value the relationships that have been developed, and seeing the children comfortable in a church setting and engaging with the reason for being there is immensely rewarding. Transforming the font area each month into a dedicated meeting area for the Saturday Services has been instrumental
in giving the children ownership of their time in church - simple tweaks that make all the difference. Due to a clash with outside events it was not possible to stage a Nativity play this year, but nothing is set in stone and we adapt to circumstances. The Saturday Service cannot happen without the support each month from Barbara Wells, and Doreen and Rodney Stone, to which we owe enormous gratitude.
Church Fabric & Finance (expanded in the Churchwarden report)
There has been continuing water penetration from the tower during periods of heavy rainfall, which was particularly bad in early 2022. The organ has had to be covered and therefore cannot be used. After much negotitation the mast was removed in November. Due to lack of progress with EE the PCC had to pay to erect scaffolding to enable this work, and for very esssential work to be carried out on the stonework of the tower. We engaged a new Architect Katharine Rutherford at the end of 2021 and she has overseen all works in conjunction with Structural Engineers, Adrian Cox
Associates. The building has now been registered as 'AT RISK' by Historic England. The costs of the scaffold and work carried out on the stonework and gutters this year have seriously depleted our Fabric funds, with the brunt being taken from the Roy Hayward Fund. The total cost of work to the tower alone this year was £122,270. Grants towards this were made by The Curfew Land Trust £22,000 and the F E Cleary Four Churches Trust £5,000. Work was also done to clear out gullies and gutters and repair guttering and slates around the porch. The work so far, and the protections put in place temporarily, have seemed to hold the water at bay, even during the extreme rains at the end of the year. We are hopeful of making good progress towards the main task of replacing the tower roof itself in 2023, and obtaining financial redress from EE. Our next Quinquennial survey is due in 2023.
Church Services
We are incrediably fortunate in the Benefice to have a team of 3 Readers and 4 retired clergy to assist our incumbent. Along with Churchwardens and others authorised in their parishes, the team met regularly to ensure a range of services are provided to all four churches.
Music
Emma Ainsley, Director of Music and organist, has been fundamental in giving our services heart and soul. As we came out of covid lockdown we realised how much we enjoy the music in church, and are also supported by an increasing number of choristers. We were delighted to welcome the Snowdown Colliery Welfare Band for a concert in October, and we hope it is the first of many future musical events.
Links With The Wider Community
The Church continues to provide a pivotal link as far as church/community relations are concerned. The 'Parish News' continues to be well supported and received within the Benefice. It was a delight to welcome back St Margarets Nursery and the Primary School in full for their Harvest and Christmas celebrations, and to have 200
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people in for the Cribside Service was beyond what we had hoped for - the continuation of what is now a village tradition was appreciated by all. There is clearly a huge affection for the Church amongst families in the village, and it is our challenge to find effective ways to engage - if God meets us where we are, we should do the same within our community. The Christmas Tree and Crib Festival, organised by the Brass & Flower Guild, was revived after the covid shutdowns, and was incredibly well supported, raising £ 805 each for the Church and the Pilgrims Hospice from voluntary donations. Considering needs to be met, St Margarets Community Dementia Café, sponored by St Margarets PCC, grew from strength to strengh. It is an incredible community asset, valued by clients, carers and volunteers alike. Dover Food Bank continued to be very well supported via donations left in the church porch. The Benefice website remains busy with 'traffic'providing connection and an information source well beyond our local community. Many people in our community are members of wider community groups, and it is through this organic living-out of our Christian lives that we broaden the faith conversation beyond the church doors. The village Tree Warden, Martin Hunt, has engaged with us to form a team of volunteers who have worked in the churchyard to clear vast amounts of brambles and ivy, and the yew tree approach to the church has been pollarded to open up the North aspect of the church and make both the church and the churchyard much more open and welcoming. 6 Rowan tress and a Silver Birch were planted to celebrate the Queeens Jubilee.
Nursery School Report 2022:
This past year has been just like old times in that we have had no restrictions because of the Covid virus. We have welcomed Becky Clifford as our latest story teller and the children really enjoy her company and method. I (and we) are very grateful to her for her contribution.
Our only disappointment in this year was at Christmas. The past year's intake of pupils consisted mainly of boys which during term time is no problem (although sometimes very noisy) with only 2 or 3 young ladies so we were unable to tell the Nativity story at Christmas as it proved impossible to find a "Mary". The few girls were far too young and the boys...well, not really suitable! So, for the first time in years, the children entertained their families with both Christmas carols and songs. As usual, they were brilliant at remembering all the words and music and we hope their families still enjoyed their offering. At least we did not have cotton wool balls scattered all over the floor and some tearful actors. We hope for a wider mix of children in 2023 in the hope we will be able to perform the traditional story Christmas story. For the rest of the year, we were able to enjoy Easter celebrations in Church with the Primary School's reception class which included the Easter bonnet parade, and our end of term tour of the church which always finishes with all the pupils and staff ringing the bell. Great fun for children and adults alike. We just hope it doesn't frighten the village!
As usual, I wish to record my very grateful thanks to Rodney, Liz, and now ,Becky, and the always generous Chocolate fairy, plus the Church Wardens for the use of the Church and it's heating. This will be my final report as Becky has kindly agreed to take over the organisation of both the storytelling list/rota and Church visits from September for which I am really grateful and I pray she will continue to receive all the support and encouragement she needs from the Church family. Doreen Stone
Churches Together in Dover:
CTiD's activities grew again in 2022, reflecting the national easing of Covid restrictions but increased costof -living concerns. Here is a summary of them.
Dover Outreach Centre, Victory House, Snargate Street.
This has been busy, embarking on new projects and providing more beds for the homeless. Th staple drop-in element has remained, though with varying numbers attending. In substantial addition:
- Ukrainian immigrants. Funded by the District Council, the Centre operated as a welcoming first point of call for those arriving in Dover, with information, welfare provision, SIM cards, a bed for the night and help with onward travel.
*Winter Shelter continued from December to February. Accommodation was in a local B & B. Evening meals were provided by volunteers and breakfast was available at the Sunrise Cafe.
*Providing more permanent accommodation remained at the forefront of the Centre's intentions. A property in Folkestone Road has been obtained for the Winter Shelter in future and will otherwise house people referred in emergency from the Council. Most of the flats in Victory House, where tenants had right of tenure when the Centre took over the building, now house people the Centre is helping.
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Premises in the town centre that were a pub until recently will also largely be used as housing. Due support and security arrangements are in place where the Centre houses people. Working with the charity Hope into Action, the Centre is seeking premises for people ready to live more independently, where a nearby Church would undertake befriending.
Sunrise Cafe
The Cafe continues to charge what customers can afford. It has 5 members of staff plus willing and able volunteers including our Jane and Richard Phillips who are Trustees. Under District and County Council leadership, the Cafe has hosted weekly gatherings of Ukrainian families in the area for mutual support. and exchange of information. Like some Churches, the Cafe has offered, in extended hours of opening, a warm hub for anyone faced with cold weather. Local BBC television did a broadcast of this. The Cafe provides laptop usage for those who need it. One popular new venture is out-catering for external groups in the area.
Food Bank
Inevitably perhaps, demand has been strong, after a slowish start to the year. The Bank remains grateful to St Margaret's among Churches and the supermarkets and other commercial premises and individuals that collect the foodstuffs and other domestic requisites that it distributes. Food Bank usage has become a major marker for the media to report on cost-of-living issues. This blessedly seems to encourage gifts and the Dover Bank has received substantial funds, though provision of goods has been variable to the extent that it has occasionally had to buy what it needs to make up relief packages. Funds are needed as the Bank has to employ 3 staff, in addition to volunteers.
The Bank has changed back to distribution from Church centres rather than the Covid-enforced delivery to homes. There has been an increase in the number of packages that are prepared but not then collected.
Street Pastors
Working as ever with the Council and the Police and sustained by prayer, the Pastors have been out wherever they can and situations may warrant their re-assuring and practical presence. They have for example included the Railway Station in their itinerary when there are delays, and they have started to go out during the day - give them a cheery wave if you see them - and on Friday evenings that are proving busier than Saturdays. Their reception from publicans where they call in is wholehearted, though warming alcoholic refreshments have to be declined. Some of the people that they help are also full of praise.
Baby Basics
For the first time, they have prepared to give out more than one hundred bundles, being Moses baskets, starter packs or essential equipment like buggies. Fortunately the provision from donors and financial grants have kept pace with demand. Have you seen the Grab Bags in Morrisons in which customers are invited to give most needed items?
Money Course under Christians against Poverty.
Help for people struggling with their finances continues to be offered. There is emphasis now on doing so in small groups, especially in parts of the district that may be thought to be in particular need, rather than in one-to-one sessions. Our Brenda Paul has retired from the group after years of steadfast involvement but is ready still to meet any local call for help.
Port Chaplaincy
Visits to people at their desks have been less frequent because of the number working from home. The inflow of migrants has impacted on the Chaplaincy though officially faith groups are banned from involvement. Requests from such groups to help immigrants on arrival tend to come to the Chaplaincy, who do what they can to facilitate. The Chaplaincy has continued links with maritime and emergency organisations and events, and its reputation for arranging visits for Archbishops is strong. Archbishop Justin came in 2021 and his Roman Catholic confrere from Southwark had a tour of the port in 2022.
5
Parties for Young People
Based at the Baptist Church, there were parties in the Summer to rejoice at the wonders of God's creation and in the Autumn to spread light where Halloween dwells on darkness. Musicals
Musicals bringing out Christian example and Biblical teaching were enthusiastically performed by a Dover and Folkestone group and will continue.
Fairtrade
The need for farmers in far-off places to be paid duly for their produce and for us to buy it has been promoted wherever possible. I am encouraged to see that sachets of sugar in numerous coffee shops bear the Fairtrade label. May we commend them.
Conclusion
Praise The Lord for His teaching that His followers should care for those seen as least in their communities. Profound thanks go to Church members and others who have given of time, cash and kind and to agencies and authorities that have seen what is being provided and want to help in some way. May we all persevere with the help that we can give. There is sadly no sign that it will be less needed.
Blessings to you all - Rodney Stone
Other Church Organisations.
The wide variety of other Church organisations have been hampered by the lingering effects of covid at the beginning of the year , but as life opened up they have grown in strength. The Brass & Flower Guild has contined to keep the church beautifully decorated, and support occasions such as Mothering Sunday and Christmas Festivals. The Dementia Cafe, sponsored by the PCC has grown attendance. Information about village and Church activities is shown in the Parish News, and the Church produces a weekly Pew News sheet for news across the Benefice.
FINANCIAL REVIEW
The total receipts and payments on the General Fund are detailed on Page 4, and of the Restricted and Designated Funds on Page 6.
The finances of the PCC are managed by the Fabric & Finance Committee and a report is presented to each PCC meeting showing performance against budget. The performance of the investment funds is also monitored. The deficit on the General Fund for the year was £19,696 (2021 Deficit £10,746 plus liabilities of £9,247). Due to the shortfall in income in recent years it became necessary in 2022 to utilise the remaining funds in the deposit account, and also to utilise investment funds to cover the cost of work on the fabric (Roy Hayward Fund). The incorporation of cash contingency fund and deposited contingency funds into the General Fund has covered the cash deficit in CAF for the General Fund which arose, at the end of 2021, and has left the account in credit at the end of 2022. The PCC are aware that without a considerable rise in income there will be insufficient funds to meet our expenditure early in 2023, and this will nessecitate the sale of further investments which will be authorised early in 2023.
Reserves Policy
It is the policy to maintain a modest balance in the General Fund, to cover current expenses only, with balances held as contingency funds. The shortfall in income this year has meant that we have had to exhaust the deposit funds. Our remaining resource is now solely an investment fund. Due to the expense of the tower repairs and other damp related issues in the Church building the amount in our current Fabric Fund is now minimal and we have had to utilise the Roy Hayward Fund as well to cover the costs this year. Investments in the Roy Hayward Fund were sold to cover this, although VAT refunds have been obtained and returned to the fund. The PCC now holds only two reserves, invested in Funds, for Fabric and Contingency for future use. The PCC has had to deal with an increasing shortfall in income and a cost for the tower alone of £122,270 in 2022. This has meant that reserves are now severely depleted.
6
Investment Policy & Powers
It is the policy of the PCC to invest reserves in a spread between deposit and ethical equity investment funds. The PCC has the power to make investments as it thinks fit.
Risk Management
The major risks to which the PCC, as a charity, is exposed, as identified by the PCC, have been reviewed and systems are in place to mitigate these risks. The systems and procedures attached to Safeguarding and Health & Safety are reviewed at each PCC meeting. An annual review is also undertaken with insurers to amend levels of cover, as necessary.
Accounting & Reporting Responsibilities Statement
of Trustees' responsibilities:
Charity law requires the trustees to prepare financial statements for each financial year which show a true and fair view of the state of affairs of the charity and its financial activities for that period. In preparing those financial statements, the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP 2015 (FRS 102)
-
make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements; and
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prepare financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue its operational existence.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 the Charity (Accounts & Reports) Regulations 2008 and the provisions of the Church Accounting Regulations. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the PCC on 14[th] March 2023.
Anna Newton Lay Vice-Chair Churchwarden
H Thomson, mid 20[th] Century
7
INDEPENDENT EXAMINER'S REPORT TO THE PCC I report on the financial statements of the PCC for the year ended 31st December 2022 which are set out on pages 9 to 14. Respective responsibilities of PCC and Examlner The PCC members, as charity trustees. are responsible for the preparation of the financial statements. The charity trustees consider that the audit is not required for this year under section 144121 of the Charities Act 20111'The 2011 Act'l and that an independent examination is needed. It is my responsibility to= ~examine the financial ststements under section 145 of the 2011 Act to follow the procedures laid down in the General Directions given by the Charity Commissioners section145151 Ibl of the 2011 Act and the Church Accounting Regulations 2(K)6. o state whether particular matters have come to my attention. under Basis of thls Report My examination wa5 carried out in accordance with the General Directions given by the Charity Commission and the guidance issued by the Finance DNision of the Archbishop's Council. An examination includes a review of the accounting records kept by the PCC and a comparison of the financial statements with those accounting records. It also includes any unusual items or disclosures in the financial statements 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 no opinion as to whether the financial statements present a "true and fair view" and the report is limited to those matters set out in the statement below. Independent Examiner's Statement In connection with my examination. no matter has come to my attention= l. which give me reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with Section 130 of the 2011 Act,. and to prepare financial statements which accord with the accounting records and comply with the requirements of the 2011 Art have not been met- or 2. to which. in my opinion. attention should be drawn in order to enable a proper understanding of the financial statements to be reached. S Jaenicke Merzenich Station Road St Margaret's at Cliffe Dover CT15 6AY
ST. MARGARET OF ANTIOCH CHURCH ST. MARGARET'S -AT- CLIFFE Registered Charity No: 1166921
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2022 GENERAL FUND RECEIPTS AND PAYMENTS ACCOUNT
| RECEIPTS Regular Contributors' Giving Recovered Income Tax on Gift Aid Deposit Interest Investment Income (including trusts) Open Plate Collections Fees for Weddings and Funerals etc. Social and Fundraising Activities (Note 2). General Fund Donations Sales of Merchandise Mast Rent Grants & Contributions to Expenses Water/Electricity Refunds Parish News Income Total Receipts PAYMENTS Vicar's, Clergy & Office Expenses Church Cleaning Churchyard Maintenance & Water Light & Heat Insurance Church Services Costs Training & Youth Activity Dover Deanery Levy Governance Costs and Bank Charges Organ & Choir Costs Repairs/Replacements - Furniture and Fittings Director of Music Payroll Costs Merchandise Purchased for Resale Mission Links & Outreach Parish News Payments Total Payments Excess of Receipts over Payments before Parish Share Parish Share (Note 4 on Page 8) Deficit/Surplus for the year Less: Transfers from Restricted Funds Cash & Bank Balance at 1st January 2021 Cash & Bank Balances at 31st December 2022 on General Fund |
2022 £ |
2021 £ |
|---|---|---|
| 21268 9249 241 1073 3827 1591 932 980 156 7500 1709 0 5663 |
21548 4950 95 978 3668 1399 127 300 165 7500 1700 208 3173 |
|
| 54189 | 45811 | |
| 10811 3097 101 5001 4204 640 0 19 102 1741 1205 9242 318 0 937 3985 |
||
| 1073 1736 249 2615 4042 1305 28 143 110 1102 956 5476 0 944 692 1487 |
||
| 41403 | 21958 | |
| 12786 -32482 |
23853 | |
| -34599 | ||
| -19696 34790 |
-10746 0 |
|
| 15094 -1499 |
-10746 | |
| 9247 | ||
| 13595 | -1499 |
Note: Costs incurred, but not paid at 31 December 2022 are not included above but shown as Liabilities in the statement of assets and Liabilities on Page 11.
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ST. MARGARET OF ANTIOCH CHURCH
ST. MARGARET'S -AT- CLIFFE
Registered Charity No: 1166921
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2022
| RECEIPTS & PAYMENTS RESTRICTED FUNDS Alms Fund Fabric Fund (Note A below) Youth Fund Benefice Parish Share Support Fund Dementia Café Fund Geraldine Parkes Fund (B below & Note 6) Roy Hayward Fund (payments tower repairs) Choir Fund Charity collections to be paid over Salaries, Tax and National Insurance Three Charities Fund (Note C below) Total Restricted Cash Funds |
Bank Balances at 01.01.22 £ |
Receipts for the year £ |
Transfers To General Funds £ |
Transfers from Designated Funds £ |
Payments for the year £ |
Bank Balances at 31.12.22 |
|---|---|---|---|---|---|---|
| £ | ||||||
| 261 19092 250 696 1445 4826 6540 388 437 70 2100 |
861 25 11935 12293 150 1616 350 19 |
-696 -5000 80893 -110 |
261 18982 150 913 3578 88959 0 1942 310 2100 |
0 971 100 557 8183 10767 538 111 0 19 |
||
| 36105 | 27249 | 0 | 75087 | 117195 | ||
| 21246 | ||||||
| Notes: A. Fabric Fund. | 2022 | 2021 | ||||
| Receipts: Grants: Listed Places of Worship Roof Fund ( VAT refund Scaffolding) Income from Fabric Fund investments Grant for Lightning Conductor Refunded of roof repair costs relating to Mast Payments:Engineer's Report and Architect's Supervision and Reporting Lightning Conductor Repair and Testing Roof & Gutter Work Roof repair and access inspection costs relating to Mast Small repairs and tree work |
£ | £ | ||||
| 11000 861 0 0 |
0 749 500 0 |
|||||
| 11861 | 1249 | |||||
| 8446 228 420 9888 0 |
1961 1076 0 2796 335 |
|||||
| 18982 | 6168 |
| Notes: A. Fabric Fund. | 2022 | 2021 |
| £ | £ | |
| Receipts: Grants: Listed Places of Worship Roof Fund ( VAT refund Scaffolding) | 11000 | 0 |
| Income from Fabric Fund investments | 861 | 749 |
| Grant for Lightning Conductor | 0 | 500 |
| Refunded of roof repair costs relating to Mast | 0 | 0 |
| 11861 | 1249 | |
| Payments:Engineer's Report and Architect's Supervision and Reporting | 8446 | 1961 |
| Lightning Conductor Repair and Testing | 228 | 1076 |
| Roof & Gutter Work | 420 | 0 |
| Roof repair and access inspection costs relating to Mast | 9888 | 2796 |
| Small repairs and tree work | 0 | 335 |
| 18982 | 6168 |
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| Notes: B. Geraldine Parkes Fund (See also Note 7 & 9) Receipts: Dividends on Investments received in the year Cost of Investment units sold Realised Profit on sale of investments for £10,000 Payments:Grant to G Fund for Music Grant to St. Margarets Dementia Café Outreach Activities new sound system 2022 upgrade Donation to Scouts |
2022 £ |
2021 £ |
|---|---|---|
| 935 6551 3449 |
922 2847 2153 |
|
| 10935 | 5922 | |
| 5000 0 1903 1425 250 |
0 500 0 0 0 |
|
| 8578 | 500 |
Note: C. Three Charities Fund.
The amount outstanding on the Three Charities Fund and the Alms Fund for 2021 were distributed as the PCC voted in 2022. Due to income shortfall PCC were not able to make grants in 2022.
STATEMENT OF ASSETS AND LIABILITIES AT 31st DECEMBER 2022 Monetary Assets, excluding unrealised surpluses on investment (Note 8) Fund Funds Funds
| Monetary Assets, excluding unrealised surpluses on investment (Note 8) Cash in Hand at 31 Dec 2021 CAF Bank CAF Bank Fee A/C Central Board of Finance Deposit Fund Total Cash Funds Investment Funds at Cost (Also see Note 8) Less: Liabilities Employment Costs & National Insurance Vicar's Expenses Claim Electricity Charges Three Charities Total Net Assets (Excluding Investments) |
General Fund £ |
Designated Funds Note 5. £ |
Restricted Funds £ |
Endowment Fund £ |
2022 Total £ |
2021 Total £ |
|---|---|---|---|---|---|---|
| 553 13042 0 |
0 2195 0 |
21244 0 |
2000 | 553 34286 2195 2000 |
781 43533 61722 |
|
| 13595 0 |
2195 35858 |
21244 71461 |
2000 0 |
39034 107319 |
106036 116715 |
|
| 13595 | 38053 | 92705 | 2000 | 146353 | 222751 | |
| -287 0 0 0 |
0 | -287 0 0 0 |
-4573 -2412 -915 -2100 |
|||
| 13308 | 38053 | 92705 | 2000 | 146066 | 212751 |
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ST. MARGARET OF ANTIOCH CHURCH ST. MARGARET'S -AT- CLIFFE Registered Charity No: 1166921
| SUMMARY OF TOTAL RECEIPTS & PAYMENTS General Fund (per Page 5) Grants Transfers Restricted Funds (per above) Endowment Fund (per above) |
2022 **Receipts Payments ** |
2022 **Receipts Payments ** |
2021 Receipts Payments |
2021 Receipts Payments |
|---|---|---|---|---|
| **Payments ** | **Receipts ** | |||
| £ 54189 27000 110615 17249 0 |
£ 73885 27000 117196 0 |
£ | £ | |
| 45322 0 10541 0 |
56557 0 49563 0 |
|||
| 209053 | 218081 | 55863 | 106120 |
NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2021
1. STATEMENT OF ACCOUNTING POLICIES
The financial statements of the PCC have been prepared in accordance with Church
Accounting Regulations 2006 on a Receipts and Payments basis, together with the applicable accounting standards and the Charities SORP 2005.
a. Funds
- General funds represent the funds of the PCC that are not subject to special designation. Designated funds are unrestricted (see Note 5).
Funds held for particular purpose by the PCC are included in Restricted Funds.
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The financial statements include monetary transactions, assets and liabilities for which the PCC can be held responsible. They do not include the accounts of other Church groups.
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All the funds of the PCC are held in a combined bank current account, deposit with the Central Board of Finance and investment in managed funds
b. Income, Capital Sources and Expenditure
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Income is recognised when received by the PCC and expenditure when irrevocably paid.
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Small legacies (less than £5000 and unrestricted) are taken direct to General Fund Receipts and Payments Account. Larger unrestricted legacies are taken to the Designated Contingency Fund (unrestricted).
c. Statement of Assets and Liabilities.
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The statement of assets and liabilities incorporates monetary assets, debtors and creditors only. These include investment assets that are easily convertible into cash.
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Land and buildings, furniture, fixtures, fittings and equipment are not recognised or valued for the purposes of preparing these financial statements. Such assets are held in trust by the churchwardens, and may require a faculty before they can be disposed of. A Church inventory is maintained of the main non-monetary moveable assets.
Social and Fund Raising Activities 2022 2021
Christmas Tree & Crib Festival 1610 0
Cartridge Recycling and other 127 127
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| a. The Three Charities (see below) Embrace the Middle East (formerly Biblelands) Catching Lives Dover Street Pastors Sub Total b. Special Collections at Church services and Fundraising Pilgrims Hospice (Tree Festival) The Children's Society (Advent &Christingle Services) Royal British Legion (Service of Remembrance) Pegasus Medican Sans Frontieres Ukraine Appeal Sub Total Combined Totals for the year |
£ | £ |
|---|---|---|
| 787 787 787 |
700 700 700 |
|
| 2361 | 2100 | |
| 805 437 347 159 95 100 |
||
| 0 0 77 |
||
| 1943 | 77 | |
| 4304 | ||
| 2177 |
Note: 1. The sum of £ 2,100 carried forward from 2021 for Three Charities and £261 from the Alms Fund was paid to the Three Charities. Due to their shortfall in income the PCC was unable to make an additional charitable provision in 2022.
- Some outreach costs are aided by the Geraldine Parkes Fund and are used for music, work
with children and support for the Dementia Café.
- The total sum raised by the Tree Festival was £1610. This was split between the Church and Pilgims Hospice.
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ST. MARGARET OF ANTIOCH CHURCH ST. MARGARET'S -AT- CLIFFE Registered Charity No: 1166921
NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2022
| 4. PARISH SHARE 2023 £ Gross Diocesan Share for the year 33620 Less: Early payment discounts 0 Amounts Paid/Payable 0 5. CONTINGENCY FUND (DESIGNATED) It has been necessary to use most of the cash deposits in 2022 Balance at 31 December 2022 (see Note 8 Below) |
2023 £ |
2022 £ |
2021 £ |
|---|---|---|---|
| 33620 0 |
32482 0 |
35126 -527 |
|
| 0 | 32482 | 34599 | |
| 2022 £ |
2021 £ |
||
| 35858 | 65258 |
6. THE GERALDINE PARKES FUND (RESTRICTED)
To comply with the wishes of the deceased and the subsequent resolution of the PCC, " The legacy of the late Geraldine Parkes of £50,000 be held as a restricted fund called The Geraldine Parkes Fund at the discretion of the incumbent for the use for the furtherance of pastoral care at the Church in accordance with the stated wishes of the deceased. This restriction should be stated by way of note in the PCC annual accounts in reference to the fund and any monies applied from the fund during the course of the year".
7. THE ROY HAYWARD FUND (RESTRICTED)
In the will of the late Roy Hayward, it was stipulated that "the moneys so bequeathed shall be used for the upkeep and maintenance of the Church and its grounds". The fund is therefore restricted.
| 8. VALUES OF SPECIAL FUNDS Contingency Fund (Designated/Unrestricted) Bank account (Caf Bank) Deposit Funds. (Central Board of Finance) Invested Funds (CAF Social Responsibility un Total Fund Fabric Fund (Restricted) Bank Account (Caf Bank) Deposit Funds (Central Board of Finance) Invested Funds (CAF Social Responsibility un Total Fund Geraldine Parkes Fund (Restricted) Bank Account (Caf Bank) Deposit Funds (Central Board of Finance) Invested Funds (CCLA Ethical Investment uni Total Fund Roy Hayward Fund (Restricted) Bank account (Caf Bank) Deposit Fund (Central Board of Finance) Invested Funds (CCLA Ethical Investment uni |
2022 Book Market Value Value £ £ |
2022 Book Market Value Value £ £ |
2021 Book Market Value Value £ £ |
2021 Book Market Value Value £ £ |
|---|---|---|---|---|
| Market Value £ |
Book Value £ |
|||
0 0 i 35858 |
0 0 79877 |
|||
| 9678 19722 35858 |
9678 19722 90107 |
|||
| 35858 | 79877 | 65258 | 119507 | |
| 970 0 i 35858 |
970 0 79877 |
19092 0 35858 |
19092 0 90107 |
|
| 36828 | 80847 | 54950 | 109199 | |
| 8183 0 t 35604 |
8183 0 62030 |
4826 0 42153 |
4826 0 80592 |
|
| 43787 | 70213 | 46979 | 85418 | |
| 10767 0 t 0 |
10767 0 0 |
6540 40000 40000 |
6540 40000 45973 |
|
| 10767 | 10767 | 86540 | 92513 |
9. COMBINED CASH, BANK AND INVESTMENT VALUES at 31 DECEMBER 2022
| Cash & Bank Funds CAF 2 (Fees) Invest at Valuation |
General Fund £ |
Designated Funds Note 5. £ |
RestrictedE Funds £ |
ndowmen Fund £ |
2022 Total £ |
2021 Total |
|---|---|---|---|---|---|---|
| £ | ||||||
| 13595 0 |
0 2195 79877 |
19920 141907 |
2000 0 |
34962 2195 221784 |
155512 229707 |
|
| 13595 | 82072 | 161827 | 2000 | 258941 | 385219 |
10. OTHER CHARITABLE FUNDS
The Vicar and Churchwardens are the trustees of two charitable trusts whose objects include support for the Church and its fabric. These trusts cover Church costs from time to time. Other expenditures, normally on capital projects are also covered, or grant assistance given, by The Friends of St. Margaret's Church and The F E Cleary Four Churches Trust. The Friends is currently under the control of the PCC as there is no independent committee to manage it. At 31 December 2022 The Friends held assets in cash funds of £13,426.
11. CONNECTED PARTY TRANSACTIONS.
There were no connected party transactions during the year 2022
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