## **ST MARGARET OF ANTIOCH CHURCH High Street, St. Margarets at Cliffe CT15 6AU Registered Charity No: 1166921** **ANNUAL REPORT AND FINANCIAL STATEMENTS OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31[ST] DECEMBER 2025** **INCUMBENT Bankers** Position Vacant CAF Bank 25 Kings Hill Ave Kings Hill West Malling Kent, ME194 JQ **Independent Examiner Investment Managers** Peter Hollinshead CCLA Rosemary One Angel Lane Foreland Road London St.Margarets Bay EC4R 3AB Kent CT15 6EB ## **ST MARGARET OF ANTIOCH PAROCHIAL CHURCH COUNCIL TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 2025** ## **Administrative Information:** The church of St. Margaret of Antioch is part of the Benefice of St. Margaret’s with Westcliffe and the Langdons. The Benefice is in Dover Deanery and the Diocese of Canterbury. PCC Members are elected at the Annual Parish Council meeting according to Church Representation Rules, or may be voted ex-officio. The PCC became a registered charity (St Margarets at Cliffe Parochial Church Council) on 4[th] May 2016. **PCC Structure:** Incumbent The position has been vacant since April 2023 **Elected PCC Members (Trustees)** Anna Newton Church Warden (Lay Chairperson) Vivienne Verren Church Warden/Deanery Synod Representative Linda Carter Treasurer James Archer Allan Greenwood Barbara Wells Deanery Synod Representative Pam Williams **Employees** Emma Ainsley Director of Music Simon Creed Benefice Administrator, PCC Secretary/Safeguarding Officer **Volunteers** Helen Peberdy Gift Aid Secretary Beata Bailey Accounts ## **Sub Committees: Benefice Focus Group** Comprises members from each of the four churches, who meet to discuss matters arising that impact across the benefice, plan events and co-ordinate shared services and safeguarding. **Fabric and Finance Committee** Meets regularly to discuss and prepare matters for discussion at the PCC Meetings. ## **Governance and Management** It is the responsibility of the Trustees to maintain the Grade 1 listed church building, and to ensure that the operation of the church activities is conducted according to The Charities Act 2022 and Sorp 102 2019, and to maintain the charity as a going concern. The church has a Safeguarding Policy and ensures that all persons in contact with children or vulnerable persons are statutorily checked and have Safeguarding training, which is kept up to date. Records are maintained by the Administrator, who is the Benefice Disclosure Officer and Benefice Safeguarding Officer. The church also has the following policies which are reviewed annually: Health and Safety Risk Management Conflicting Interests Complaints Handling Investments Reserves Paying Staff Page 1 ## **ST MARGARET OF ANTIOCH PAROCHIAL CHURCH COUNCIL TRUSTEES’ ANNUAL REPORT (Cont’d) YEAR ENDED 2025** ## **AIMS, OBJECTIVES & ACTIVITIES** . The St. Margaret's PCC has the responsibility of 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 AND PERFORMANCE** **Electoral Role:** There were 61people on the church Electoral Role of whom 6 were nonresident. **Church Attendance** : The Average Weekly Attendance was 48 (up from 46 in 2024) This number does not include higher levels of attendance at major festivals (Harvest, Christmas, Remembrance, Mothering Sunday, Easter) which are very well attended. **Review of the Year** The PCC met 5 times during the year, with an APCM in April. There are vacancies for up to 5 more people to join the PCC. ## **Church Finance and Fabric** The church building continues to dry out after the repairs to the tower. Maintenance costs were kept low in 2025, covering all planned work and small repairs. Some of the external doors were refurbished beautifully by Allen Greenwood for only the cost of materials. We received a grant from the Friends of St. Margarets Church which enabled the provision of a handrail in the centre of the front steps which has been much appreciated by everyone coming up the steps, both for services and to walk through the church yard. The Friends of St. Margarets gave a grant of £375 towards the refurbishment of the attractive lantern above the steps. Costs for the repair of the church floor, the spiral stairs and the porch doors will all fall in 2026. All Quinquennial repairs are currently to schedule. Page 2 ## **ST MARGARETS OF ANTIOCH PAROCHIAL CHURCH COUNCIL TRUSTEES’ REPORT (cont’d) YEAR ENDED 2025** An important decision made in late 2025 was in regard to the Memory Café. Since it was mooted in 2019 the membership of the PCC has really changed, and become smaller. An outreach programme such as this should be actively managed by the PCC but this had become impossible, and the Café had become very successful under its own management committee. After many discussions the Café’s external management committee decided that their needs were best met by becoming independent, and the PCC agreed that this was the best outcome. The necessary steps were taken to hand over to The St. Margarets Memory Café to whom we wish every success going forward. The case against BT/EE still continues with the support of Diocesan solicitors. The PCC are aware that there is no guarantee of success and do not factor any expectation of a settlement into our financial future. There is also likely to be a further cost to the PCC for quantity surveyor costs to pursue the case. Our budget for the year showed an expected surplus before Parish Share of £550 per month but in fact we achieved almost £1,000 per month due to increased giving and fees, and spending only on essential items. After paying our running costs and what could be afforded towards the Parish Share we had a surplus left of only £473 at the year end. This means that we shall not be able to pay Parish Share again until later in 2026 when we have built up our balances a little The Parish Share was set at £28,866 for 2025 and we managed to pay £11,866, a little over one third. In common with many churches now we have very limited reserves and can only pay what is available from our income. The Parish Share is a charge from the Diocese for the provision of clergy and diocesan overheads. It is not a liability in accounting terms but any shortfall is recorded by the Diocese and we would be expected to pay towards arrears should we have sufficient income. ## **RISK MANAGEMENT** The major risks to which the PCC, as a charity, is exposed have been identified by the PCC and systems are in place to mitigate these risks, which are discussed at PCC meetings. Insurance is reviewed annually. ## **CHURCH SERVICES** We still do not have an Incumbent, and that situation seems unlikely to change in the foreseeable future, despite the post being advertised many times. The Ministry Team coordinate the provision of services and St. Margarets are fortunate to have five retired clergy with ‘Permission to Officiate’ certification who officiate for us. ## **MUSIC** We are very fortunate to have the services of our dedicated Director of Music, Emma Ainsley who also leads our choir. All involved in the church greatly value the musical input which is very special in these difficult times for many churches. Emma also plays for wedding and funerals, and the choir also make themselves available for those special times. A grant was made from the Geraldine Parkes Fund to upgrade our sound system, adding USB and blue tooth functionality to allow us to play hymn music should Emma be unavailable. Page 3 **ST MARGARETS OF ANTIOCH PAROCHIAL CHURCH COUNCIL TRUSTEES’ REPORT (cont’d) YEAR ENDED 2025** ## **The Church & Families – in church...** Our group for children and families, **Little Dragons,** continued to meet throughout 2025. Our themes last year included Epiphany, love, paring things back to the essentials, seeing is believing (or is it?), houses, and Disciples becoming Apostles, amongst other things. Young people ask the best questions and the challenge of producing quality sessions each month does not diminish, but neither do the rewards. Our core families continue to be a delight to meet each month, and we display the fruits of their labours in our Children’s Corner. We greatly value the relationships we have and it is a joy to watch the youngsters grow and develop as young people in faith. We were delighted to have been able to stage a Nativity play this year, by popular demand from our youngsters, after a few years break. Barbara Wells, Doreen and Rodney Stone are instrumental in their support of our young people, and now the **Saturday Social** straight after Little Dragons, for anyone who wishes to drop in for a coffee and a chat. ## **...and in the wider community** **St Margaret's Nursery** : (from Doreen Stone) Rodney and I have continued to visit Nursery on a regular basis each term telling the children bible stories, usually with some form of visual aid. We encourage them to repeat the lines after us of very short prayers to conclude each visit, and between the story and the prayer, we sing two or three songs which they choose - obviously we sing Twinkle, Twinkle Little Star most weeks! It does seem to be a favourite, although recently we sang about the house on the rock and the house on the sand which finished with a resounding "SPLATT" which was very well received. The entire Nursery comes over to Church for the major festivals which at Easter includes an Easter bonnet parade and the choosing of a winning hat, plus some craft activity. We also meet at Harvest where their gifts are received and likewise the Service includes a story, prayers and songs and craft. It is also the time when each child (and some adults!) have the opportunity to ring the Church bell. At Christmas they and their families come for a Nativity play and we regularly have a few tears from the shyer ones, plus- dare I say? - some of the adults as well. It is a lovely Service which we all enjoy. As some of you may know, our health has deteriorated somewhat over this past year, and so we have decided, somewhat reluctantly, that this academic year (2025-2026) will be our last. Our form of storytelling is of the old-fashioned variety and not really suited to modern ways which is what the children need Page 4 ## **ST MARGARETS OF ANTIOCH PAROCHIAL CHURCH COUNCIL TRUSTEES’ REPORT (cont’d) YEAR ENDED 2025** and deserve. All things must come to an end and it is very sad for us to leave and break the link between Church and Nursery after so many happy years. Our departing will leave a suitable gap for someone else with more modern ideas to take over, which is what we hope will happen. As usual, my heartfelt thanks go to our longstanding chocolate fairy who comes up trumps each fail, to Liz for all the help with the refreshments, Vivienne for opening the Church and having it warm year without and not least to Rodney, Jayme and all the Nursery staff for their unfailing love and support for all we have tried to do. _**Doreen Stone.**_ The church has yet to develop any meaningful relationship with the **Primary School** , though they continue to come to the church for the major festivals and filled the church at Harvest and for two carol concerts performed to parents. It was a delight to see so many at the **Christmas Eve Cribside Service** , which gives us confidence that we can develop our relationship with the community with appropriate and relevant events. Our substantial choir, shepherded by Dr Emma Ainsley, make a considerable contribution to the quality of our worship and events, and we thank them for their dedication to our church community. The **Parish News** remains an effective tool and its circulation was steady. The website remains a wellused central port of call for wider information and event details. The **Churchyard Green Gang** , under the stewardship of Martin & Lorna Hunt, continued with their fantastic work caring for and improving the environment around the church, in proper working partnership with Dover District Council. The innovative ‘dead hedge’, Bug Hotel and fantastic Spring flowers, including Pyramid Orchids, are testament to their skills and hard work. We are encouraged that people want to be involved in the wider aspects of our church life and feel comfortable to step forward and do so. ## **Vivienne Verren** Page 5 ## **ST MARGARET OF ANTIOCH PAROCHIAL CHURCH COUNCIL** ## **Churchwarden Report for 2025** In accordance with the Ecclesiastical Jurisdiction and Care of Churches Measure 2018: ## **50 Role of churchwardens in inspecting fabric etc. of church** (1) The churchwardens in each parish must, at least once every calendar year, inspect or cause an inspection to be made of the fabric of the church and all articles appertaining to the church. (2) The churchwardens in each parish must, in every calendar year, deliver to the PCC and, on behalf of the PCC, to the annual parochial church meeting a report (“the annual fabric report”) on the fabric of the church and all articles appertaining to it, having due regard to the inspection (or inspections) under subsection (1). ## **The Annual Fabric Report** We continue to work through the programme of works produced following the 2024 Quinquennial Report. Support from The Friends has allowed the PCC to plan and undertake additional works to repair and improve the fabric of the church and the churchyard. The general maintenance and scheduled tasks we've managed to do in 2025 are as follows: ## **General Maintenance Work** - clearing out and repairing guttering, downpipes and drainage gullies - reseating slipped tiles - replacement of the heater in the toilet for safer energy efficient model - churchyard maintenance – more on that later ## **Scheduled Maintenance Tasks** - fire extinguishers serviced and replaced where necessary - PAT Testing - testing the lightning conductor ## **Unplanned maintenance tasks dealt with** - replacement of the broken heater in the porch - general electrical repairs to Vestry lighting ## **Additional works** - steps handrail installed - work began on the stonework repair to the tower staircase - removal of carpet from the nave central aisle - renovation of the Chancel door and West Door - reinstatement of steps lantern to full working order Page 6 ## **ST MARGARET OF ANTIOCH PAROCHIAL CHURCH COUNCIL** - renovation and painting of external metal work – steps hand rails and gates, boot scraper, West Door lantern, steps lantern - upgraded the sound system to digital mixer with added Bluetooth connectivity ## **Major works** - work began on the porch doors project - work began to assess the repairs needed to the sunken Nave floor All works undertaken in 2025 have been recorded in the Church Log Book. ## **Articles appertaining to St Margaret of Antioch** All articles appertaining to the church are kept with the appropriate care and security, and we extend our very grateful and heartfelt thanks to the the Flower & Brass Guild for their diligent care and attention of our metalwork, in which they take great pride. Thanks go to Simon Creed for keeping the Property Register (previously called the Inventory & Terrier) up to date, and ensuring all records are catalogued for ease of reference. All archives are now stored appropriately in the church loft. **Churchyard Green Gang** Martin and Lorna Hunt, and their team of volunteers, have continued to make great improvements in our churchyard. Our volunteers work closely with Dover District Council to enable the widest variety of wild flowers to flourish, and we are sure you'll agree, this becomes more evident each spring. Despite a couple of hiccups regarding mowing, the partnership works well. Work has continued on the car park boundary, creating a ‘dead hedge’, reducing encroachment of ivy and keeping all our monuments accessible, and we held another successful ‘open volunteering day’ in June. A Bug Hotel was built to provide a haven for the insect life in the churchyard, which will be completed with a growing roof this year. We hope that with all the works in progress and planned, we can reflect the love and care the community has for our church building and make it both a highlight of the village and worthy of the history of worship that has happened under its roof. ## **Vivienne Verren & Anna Newton Churchwardens** Page 7 ## **ST MARGARET OF ANTIOCH PAROCHIAL CHURCH COUNCIL** ## **Dover Deanery Synod Report for 2025** We are blessed that our Benefice is part of the Dover Deanery, and greatly value the care, advice and support provided by our Area Dean, Rev Andy Bawtree, and Lay Chair, Nigel Collins. The Deanery Synod provides the forum to discuss, influence and implement wider Diocesan goals, and feed back the thoughts and needs of the parishes up the food chain. Representatives from across the churches meet together a couple of times a year at Synod, and a reduced number at Standing Committee which also covers Mission & Ministry matters. Our two Synod representatives, Barbara Wells and Vivienne Verren, attended Synod meetings in 2025. The Deanery provide small mission grants for projects that encourage the Diocesan aims, such as for equipment and resources to support and expand a church’s activities, and they also support a number of CTiD projects. In 2025 St Margaret's did not apply for a mission grant. The Deanery Standing Committee met three times at River Vicarage. Synod meetings were held in February at River and July at Shepherdswell, that one being an Open Synod, with the themes being vocations and then Franciscan spirituality. The Area Dean tabled a proposal to allow the widening of places and times of weddings conducted by a Church of England minister, which has been taken up by Diocesan Synod. The Deanery held its annual Day Of Encouragement in November, which is always open to anyone from the parishes who wishes to attend, meet with their fellow parishioners and share food and worship. The Diocese Roadshow for 2025 was in July at St Mary’s, Dover, and considered the Financial Review Report of the Diocese for 2024, and focussed as it often does, on generosity. Dover Deanery continue to be supportive and encouraging of the work across the Benefice during the interregnum, as we buck the trend for churches declining attendance and continue to champion being a welcoming church for those inside and outside our doors. They are also extremely appreciative of the dedicated work by our retired ministers supporting the Benefice, as are we. Within the Diocese, the collaboration and fellowship present in our Deanery are recognised as exceptional, and long may this continue. **Vivienne Verren & Barbara Wells Deanery Synod Representatives** Page 8 ST MARGARET OF ANTIOCH PAROCHIAL CHLIRCH COUNCIL TRUSTEES, ANNUAL REPORT Icont'dl YEAR ENDED 2025 ACCOUNTING AND REPORTING RE5PONSIBILmES Siatement of Trustee Responsibllltles- Charity Law requires the Trustees to prepa￿ flnancial statements for each financial yearwhich show a true and fair view of the state of affairs of the ch8rity and its tinancial 8Ctivities for the period. In prepanng those statements theTrustees are required to: Select suitable accounting pokn.cies and then apply them consistently., Observe the methods and principles in the Charrties SORP 2019 IFRS102) Nake judgements and estimates that are reagonable 8nd pnJdent- State whether 8ppIic8ble accounting standards and statements of recommended practice have been followed. subject lo any departures disclosed and explained in the financial statements Prep8re flnancial st8tement8 on a going concern bg¥is unle¥3 it io inappropriatg to presume that the charity will continue its operalional existence. The trustees are responsible for keeping proper a¢couniing records which disclose with ￿8$Onable accuracy at any time the tinancial position of the charity and enable them to ensure that the Financlal Statements comply with the Charitl8s Act 2022 the Charity (Account & Reports) Regulations 2016 and the provlglon$ of the Church Accountln8 Regul8tlons. They are also responslble for safeguardlng the assets of the charity and hence for t8king reasonable 8tep8 for the prevention and detection of fraud and other irregularities. Th• Accounts and tho TTu8te•s r•port worn approv•d bytho Board ofTru•te•¥ on 24 March 2026 L hlJL Ann8 Newton Lay Chalr Church Wafdon Page 9 ST. MARGAREf OF ANTIOCH CHURCH ST. MARGAREfs-AT-CUFFE Reg18tor•d Charlty No:1166921 INDEPENDENT E￿INER's REPORTTO THE PCC I report on the financial ststem6nts and notes of the Charityfor the year ended 31st December 2025 which are setouton pages 11-15 Rospoethro responslbllltl83 of PCC and Examlnor The PCC rnembers, 88 CharityTrustee8. are responsible forthe preparation of the financial statements. The CharityTrustees considerthat the audit is not requifed forthis ye8r under section 144121 ofthe Charities Act 2011 (Th8 2011 Act) 8nd that 8n ind8pendent examination is needed. It is my responsibiltyto: a. Examine the financlal statements under section 145 of the 2011 Act b. To follow the procedures laid down in the General Directions given by the Charity Commissioners under section 145(51 (b) of the 2011 Act and th6 Church Accounting Regutstions 2011. c. To stste wh8ther matters have come to rny attention. Basls of th18 report My examination was carri8d out in accordance with the G8neial Directions gtven tythe Charity Commission and the guidance issued bythe Finance Division ofth8Archbishop's Council. An examin8tion includes a review ofthe accounting racords kept bythe PCC and a comparison of the financial staternentswith th098 accounting records. Itatso includes any unusual items or disclosures in th8 finsncial statements and seeking explanations trom you as TTUStees conceming any such m8tt8rs. The procedures und8rtaken do not provide 8ll the evidence that would be require(J in an audit, and consequently no opinion as to whether the financial statements present 8 °tru6 and fair wew, and the report is limited to those matters set out in th8 st8tement below. Indo￿ndant Examinovs Statement In connection wittt my examination. I have no reasonabLe cause to betieve that in any material respect the requirements (a & bl below have not been meL' . a. To k88P accounting records in 8ccord8nce with Section 130 ofthe 2011 Act: arKI b. And to prepare financial statementswhich accord with the accounting records and complywith the requirements ofthe 2011 Act In my opinion there is no matter that Should be dr&￿￿ to your8ttention to enable 8 proper understanding of the fin8nci8l statementg. Potsr Holunshead age10 ## **Parochial Church Council of St. Margaret of Antioch Church FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 RECEIPTS AND PAYMENTS ACCOUNT** ## **SUMMARY OF TOTAL RECEIPTS & PAYMENTS** |||**UNRESTRICTED FUNDS**|**UNRESTRICTED FUNDS**|**UNRESTRICTED FUNDS**||||**TOTAL**|**FUNDS**|**FUNDS**|| |---|---|---|---|---|---|---|---|---|---|---|---| |||**General**|**Designated**||**Restricted**|**Endowment**||**31 Dec**||**31**|**Dec**| |||**Fund**|**Funds**||**Funds**|**Fund**||**2025**||**2024**|| |**RECEIPTS**|Note|£|£||£|£||£|||£| |**Voluntary Receipts:**|||||||||||| |Planned Giving||20,879||-|-||-|20,879||19,437|| |Collections at services||6,045||-|626||-|6,671|||5,552| |All other giving / voluntary receipts|a|2,964|6,375||8,966||-|18,305|||6,328| |Gift Aid recovered||6,681||-|61||-|6,742|||5,985| |**Activities for generating funds**||78||-|-||-|78|||2,731| |**Investment Income**|b|2,364||-|1,133||-|3,497|||2,684| |**Church activities**|c|8,324||-|670||-|8,994|||7,563| |**Other Income**||-||-|-||-|-|||3,715| |**Total Receipts**||**47,335**|**6,375**||**11,456**||**-**|**65,166**||**53,995**|| |**PAYMENTS**|||||||||||| |**Church Activities:**|||||||||||| |Parish Share||11,866||-|-||-|11,866|||5,000| |Salaries|d|13,990||-|615||-|14,605||14,462|| |Mission giving and donations|e|100||-|828||-|928|||1,236| |Church running expenses|f|20,906||875|5,117||-|26,898||24,749|| |**Cost of generating funds**||-||-|-||-|-|||400| |**Total Payments**||**46,862**||**875**|**6,560**||**-**|**54,297**||**45,847**|| |**Excess of Receipts over Payments**||**473**|**5,500**||**4,896**||-|**10,869**|||**8,148**| |Transfers between funds (2)|g|23,482|-23,408||-74||-|-|||-| |Transfer of funds to Memory Café||-||-|-1,765||-|-1,765|||-| |Cash at bank and in hand at 1 January||43,414|23,408||12,974|2,000||81,796||73,648|| |**Cash at bank and in hand at 31 December**||**67,369**|**5,500**||**16,031**|**2,000**||**90,900**||**81,796**|| |**STATEMENT OF ASSETS AND LIABILITIES**|||||| |---|---|---|---|---|---| ||**UNRESTRICTED FUNDS**||||**TOTAL FUNDS**| |**Cash Funds**|**General**
**Fund**
£|**Designated**
**Funds**
£|**Restricted**
**Funds**
£|**Endowment**
**Fund**
£|**31 Dec**
**2025**
**31 Dec**
**2024**
£
£| |Bank Current Account
CBF Deposit Fund
Memory Café MJ Bank Account
Memory Café Pety Cash
Cash in hand at 31 December|8,520
58,408
-
-
441|5,500
-
-
-
-|10,983
5,000
-
-
48|-
2,000
-
-
-|25,003
25,553
65,408
55,408
-
122
-
35
489
678| ||**67,369**|**5,500**|**16,031**|**2,000**|**90,900**
**81,796**| |**Other Monetary Assets**
Benefice Fees Account|-|1,455|-|-|1,455
853| ||**-**|**1,455**|**-**|**-**|**1,455**
**853**| |**Investment Assets**
Geraldine Parkes CCLA Ethical Investment units:
Income units
Accumulation units
Mrs Emden CCLA Investment units|-
-
-|-
-
-|21,604
49,076
6,395|-
-
-|21,604
22,769
49,076
50,168
6,395
6,717| ||**-**|**-**|**77,075**|**-**|**77,075**
**79,654**| |**Liabilities**
HMRC
Gillett & Johnston
CAF2 Fees|-752
-357|-805|||-752
-357
-805| ||**-1,109**|**-805**|||**-1,914**
**-882**| |**TOTAL NET ASSETS**|**66,260**|**6,150**|**93,106**|**2,000**|**167,516**
**161,421**| Page 11 ## **NOTES TO FINANCIAL STATEMENTS** |**RECEIPTS**
a) **All other giving / voluntary receipts**
Donations
Grants & Contribution to Expenses
b) **Investment Income**
Bank and CBF Deposit Fund interest
Dividends on CCLA Investments (inc Trusts)
c) **Church activities**
Parish fees
Parish News adverts, subscriptions and sales
Sales of merchandise
**PAYMENTS**
d) **Salaries**
Employment cost of administrator
Employment cost of organist
Church cleaning
Payroll costs
e) **Mission giving and donations**
The Childrens Society
Royal British Legion
Dover Street Pastors
Other
f) **Church running expenses**
Insurance
Electricity
Water
Church repairs and maintenance
Churchyard maintenance
Mrs Emden Vault maintenance
Governance Costs and Bank Charges
Dover Deanery Levy
Office expenses
Parish magazine printing
Cost of services
Organ and Choir costs
Training & Youth Activity
Mission Links & Outreach
Memory Café expenses
Sundries
g) **Transfers between funds:**
from Contingency to General Fund
from Mrs Emden Vault mce to General Fund|**General**
**Fund**
**Designated**
**Funds**
**Restricted**
**Funds**
**Endowment**
**Fund**
£
£
£
£
2,059
-
1,614
-
905
6,375
7,352
-
**2,964**
**6,375**
**8,966**
**-**
2,364
-
230
-
-
-
903
-
**2,364**
**-**
**1,133**
**-**
1,827
-
670
-
6,392
-
-
-
105
-
-
-
**8,324**
**-**
**670**
**-**
7,589
-
-
-
6,105
-
615
-
-
-
-
-
296
-
-
-
**13,990**
**-**
**615**
**-**
-
-
271
-
-
-
478
-
-
-
70
-
100
-
9
-
**100**
**-**
**828**
**-**
4,865
-
-
-
6,753
-
-
-
122
-
-
-
3,617
875
317
-
-
-
43
-
-
-
114
-
77
-
1
-
100
-
-
-
690
-
-
-
3,666
-
-
-
319
-
-
-
453
-
-
-
-
-
40
-
244
-
1,915
-
-
-
2,687
-
-
-
-
-
**20,906**
**875**
**5,117**
**-**
23,408
-23,408
-
-
74
-
-74
-
**23,482**
**-23,408**
**-74**
**-**
**UNRESTRICTED FUNDS**|
**31 Dec**
**2025**
**31 Dec**
**2024**
£
£
3,673
2,095
14,632
4,233
**18,305**
**6,328**
2,594
1,798
903
886
**3,497**
**2,684**
2,497
827
6,392
6,570
105
166
**8,994**
**7,563**
7,589
6,549
6,720
5,796
-
1,852
296
265
**14,605**
**14,462**
271
140
478
271
70
-
109
825
**928**
**1,236**
4,865
4,750
6,753
6,157
122
82
4,809
5,194
43
29
114
-
78
82
100
19
690
514
3,666
3,194
319
244
453
1,600
40
75
2,159
916
2,687
1,863
-
30
**26,898**
**24,749**
-
-
-
-
**-**
**-**
**TOTAL FUNDS**| |---|---|---| Page 12 ## **MOVEMENTS IN RESTRICTED AND DESIGNATED FUNDS DURING THE YEAR** |**Restricted Cash Funds**|Note|**Balances**
**b/fwd**
**01 Jan 2025**
£|**Receipts**
**for**
**the year**
£|**Payments**
**for**
**the year**
£|**Payments**
**for**
**the year**
£|**Transfers**
**for**
**the year**
£|**Balances**
**c/fwd**
**31 Dec 2025**
£| |---|---|---|---|---|---|---|---| |Fabric Fund||25|66||25|-|66| |Fabric (church porch doors) Fund||-|7,207||-|-|7,207| |Youth Fund||21|51||40|-|32| |Memory Café Fund|A|2,925|1,528|2,688||-1,765|-| |Geraldine Parkes Fund|B|8,563|892|1,966||-|7,489| |Roy Hayward Fund||292|-||292|-|-| |Churchyard||302|79||43|-|337| |Mrs Emden Vault maintenance||-|188||114|-74|-| |Choir Fund||694|206||-|-|900| |Special Collections||133|626||759|-|-| |Organist Fees from weddings & funerals||-|615||615|-|-| |Three Charities Fund||19|-||19|-|-| |||**12,974**|**11,457**|**6,561**||**-1,839**|**16,031**| ||||||||| |**Designated Cash Funds**|||||||| |Church steps handrail||-|500||500|-|-| |Church steps lantern repair||-|375||375|-|-| |Church spiral staircase repair||-|500||-|-|500| |Church flooring repairs||-|5,000||-|-|5,000| |Contingency Fund||23,408|-||-|-23,408|-| |||**23,408**|**6,375**||**875**|**-23,408**|**5,500**| |**TES TO RESTRICTED**|**FUNDS MOVEMENTS**||||| |---|---|---|---|---|---| ||||**RECEIPTS**
£|**PAYMENTS**
£|| |**A) Memory Cafe Fund**|||||| |Receipts:|Donations
Gift Aid recovered
Bank interest||1,477
50
1|-
-
-|| ||||**1,528**|**-**|| |Payments:|Hall hire
Leeds Castle trip expenses
Refreshments
Misc/Stationery||-
-
-
-|1,163
475
430
620|| ||||**-**|**2,688**|| |**B) Geraldine Parkes Fund**|||||| |Receipts:|Deposit Fund and bank interest
Dividends on investments
Donations & Gift Aid recovered||229
657
6|-
-
-|| ||||**892**|**-**|| |Payments:|Outreach activities
Mission giving / donations
Sound System Upgrade||-
-
-|661
51
1,254|| ||||**-**|**1,966**|| ## **NOTES TO RESTRICTED FUNDS MOVEMENTS** Page 13 ## **ST MARGARET OF ANTIOCH PAROCHIAL CHURCH COUNCIL ANNUAL REPORT (cont’d) YEAR ENDED 2025** ## **Notes to the Financial Statements** The financial statement of the PCC has been prepared in accordance with Church accounting Regulations 2022 on a Receipts and Payments basis whereby income is recognised when it is received and payments are shown when they are irrevocably made. The PCC operates according to the requirement of the Charities Act 2022 and Sorp 2019 FRS102. The financial statements include monetary transactions, assets and liabilities for which the PCC can be held responsible. They do not include the funds of other church groups. Any income held for a specified purpose is held in a restricted fund. Unrestricted funds are used for the purposes of general fund, running the church. ## **Statement of Assets and Liabilities** This incorporates monetary assets, debtors and creditors only. Land and buildings, furniture, fixtures and fittings are not recognised in these statements. Such assets are held in trust by the Church Wardens and a Church Inventory is maintained. ## **Connected Party Transactions** There was no connected party transaction in 2025. ## **Memory Café** During 2025 the Memory Café was thoroughly reviewed and it was realised that with its increased success, and the small PCC that we have, it was not possible for the PCC to actively run this outreach programme themselves as they should. It had been run by a devolved committee. This was discussed and the external management committee decided that they would like to become independent and be able to work more closely with other Alzheimers groups. The PCC met and agreed this action, and passed a resolution that such restricted funds as were held by the PCC for the Memory Café would be passed to the new St Margarets Memory Café, for their ongoing operation. ## **Restricted Investments** ## **The Geraldine Parkes Fund** To comply with the wishes of the deceased and the subsequent resolution of the PCC, “The legacy of the later 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" T **he A. Emden Fund** is restricted for the maintenance of the Emden Family Tomb. ## **PCC Investments 31.12.2025** ||**Fund**|**No. of Units**|**Purchase Price **|**Purchase Cost**|**Unit Value**|**Total Value**|**Total Value**|**Difference**| |---|---|---|---|---|---|---|---|---| ||||**/Unit**|**£**|**31.12.2025**|**31.12.2025**|**31.12.2024**|| |Mrs A Emden|CCLA|331|||19.3219|6,395.55|6,717.08|321.53
-| |Geraldine Parkes|CCLA|7,362.42|1.8267|13,448.93|2.9344|21,604.29|22,769.02|1,164.73
-| |Geraldine Parkes|CCLA|9,351.47|2.3691|22,154.57|5.2479|49,075.58|50,167.83|1,092.25
-| |||||||||| |||||||||| |||||||||| |**Total Value**||||||**77,075.41**|**79,653.93**|**2,578.52**
**-**| Changes in values are to movements in Fund markets. Page 14 ## **ST MARGARET OF ANTIOCH PAROCHIAL CHURCH COUNCIL ANNUAL REPORT (cont’d) YEAR ENDED 2025** ## **Other Charitable Funds** The Incumbent (when appointed) and the Churchwardens are the trustees of an independent charitable trust whose objective is to support the church tower and the bell and may therefore make provision of a grant for that purpose on occasion. Another Charitable Fund restricted to support of the Vicarage is administered by the Church Wardens. ## **Charitable Giving** The small PCC charitable fund aided by a small donation from G Parkes Fund was paid over to the Dover Street Pastors, a total of £70. ## **Investment Policy** The PCC adheres to the terms of its investment policy and decisions are made by the whole PCC. Investments are made in church approved ethical investments. The PCC has no unrestricted investments. ## **Reserves Policy** The policy is adhered to by the PCC. The PCC has no reserves other than the deposit with the recommended church account at CCLA. ## **Going Concern** The PCC consider that they meet the conditions of a going concern. Running costs are met by income with a small surplus. This is not sufficient to cover the whole Parish Share, where the PCC is deficient. ## **Parish Share** This is the amount requested by the Diocese to cover wages and diocesan overheads. It is not a legal liability and the PCC have made the decision to pay such amounts as are available after running costs. This is justified by the fact that we have no investments to fall back upon other than the reserve, which could easily be drained by even a relatively small contingency, which would force the closure of the church. ||**2025**| |---|---| ||**£**| |Gross Diocesan Share Requested|28,866| |Amount Paid|11,866| |Balance Unpaid|17,000| ## **Church Tower** The Church is in dispute with EE/BT following the failure to leave the Church tower in a good state. The legal action is being handled by the Diocese. No provision for any settlement has been made within the accounts. Page 15