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2020-12-31-accounts

Annual
Report
Page 1
Independent
Examiner's
Report Page 11
Statement
of Financial Activities
Page 12
Balance Sheet Page 13
Cash flow Page 14
Notes tothe accounts Page 1S
Pension
Fund Disclosure
Page 23

Fund Investment
Fund
Property
Fund
Property Fund 2017-2020
2020 Performance 2020 Performance 4- ear Performance
Initial Investment 46,148
Valuation at 31I12I2019 F325,450 646,250
Dividend Income f9,744 L'1,555 67,139
Percenta e return 3.0% 3.7% 15.5%
Revaluation
ains
f22,213 (E2,299) (62,179
Percenta e return (497%) 4.7%
Total return L'31,957 f744 F4,942
Overall percenta e 98% 0.02% 10 7o/
Comparable
Deposit
Interest Rate 0.15%
At31"D ecember 2020 our cash pos ecember 2020 our cash pos ition is as foll
Cash and Bank Current Account L34,343
Cash on deposit 64,307
Less Designated cash holdings:
Flower funds (E1,527)
Cash Floats (F800)
Less Barclaycard payment (L'2,287)
Diocesan Fees due 02/01/21 (L'1,036)
2020 Ex enses claims due 6962
Available Cash L'32,038

Unrestricted Restricted Endowment TOTAL FUNDS TOTAL FUNDS
Funds Funds Funds 2020 2019
Note E E f f
INCOMING
RESOURCES
Voluntary
Income
2a 254,221 43,568 297,789 336,495
Activities for Generating
Funds
2b 7,746 1,925 9,671 33,138
Investment
Income
2c 5,947 6,157 392 12,496 12,780
Church Activities 2d 36,496 36,496 126,514
Other Incoming Resources 2e 60,233 128,532 188,765 105,733
TOTAL INCOMING
RESOURCES
364,643 180,182 392 545,217 614,660
RESOURCES EXPENDED
Church Activities 3a 462,024 115,765 577,789 628,228
Raising Funds 3b 1+03 1,903 4,676
TOTAL RESOURCES EXPENDED 463,927 115,765 579,692 632,904
NET INCOIVIING/(OUTGOING) RESOURCES
BEFORETRANSFERS BETWEEN FUNDS (99,284) 64,417 392 (34,475) (18,244)
Transfers between
Funds
392 (392)
NET INCOMING/(OUTGOING) RESOURCES
BEFOREOTHER RECOGNISED GAINS AND
LOSSES (98,892) 64,417 0 (34,475) (18,244)
Gains/(losses)
on investment
assets:
Realised 4b
Unrealised 4b 19,914 896 20,810 52,091
NET MOVEMENT IN FUND (98,892) 84,331 897 (13,665} 33,847
Balance b/forward
ia 31stDecember 2019
144,290 374,362 13,414 532,066 498,219
Closing Balance Ia31December 2020 45,398 458,693 14,310 518,401 532,066

2020 2019
I%et cash from operating
activities
(49,512) (9,540)
Cash flows from investing
activities
FITPayments
received
579 559
Dividends
&Interest
12,496 12,780
Proceeds from sale of:
Tangible
Fixed Assets
Tangible Fixed Investments
Purchase of:
Tangible Fixed Assets forthe use ofthe PCC
Fixed Investments (25,700)
Net cash provided
by / (used in) investing
activities (12,625) 13,339
Change in cash and cash equivalents in the (62,137) 3,798
reporting
period
Cash and Cash equivalents
at1January
136,407 132,609
Cash and Cash equivalents
at 31December
74,270 136,407
Analysis ofcash and cash equivalents:
Cash at bank and in hand 34,343 21,814
Short-Term
Deposits
39,927 114,594
Cash and Cash equivalents
at 31December
74,270 136,408
Reconciliation ofnet cash from operating activities:
Net Income before investment
gains
31December (34,475) (18,244)
Adjustments for:
Dividends 8 Interest (12,496) (12,780)
Decrease/(increase)
in Debtors
(5,128) 23,442
(Decrease) / Increase in Creditors 2,588 (1,958)
Net cash provided by/(used
in) operating
activities (49,512) (9,540)

Unrestricted Restricted Endowment TOTAL TOTAL
Funds Funds Funds FUNDS FUNDS
2020 2019
2 INCOMING RESOURCES
2a Voluntary Income
Planned Giving: Gift Rid 145,002 145,002 157,395
Tax recoverable 39,539 39,539 39,891
Other Planned
Giving
35,982 35,982 38,181
Collections:
Open Plate
8,948 8,948 37,399
Tax recoverable 523 523 14,185
Donations 18,218 22,712 40,931 43,560
Legacies 5,543 20,856 26,399 2,799
Special Appeals gr Collections 466 3,084
254,221 43,568 297,789 336,495
2b Activities for Generating
Funds
Events 7,088 1,925 9,013 31,910
Magazine Adverts 658 658 1,228
7,746 1,929 9,671 33,138
2c Investment Income
Dividends &Interest 5,947 6,157 392 12,496 12,780
5,947 6,157 392 12,496 12,780
zd Church Activities
Occasional Office fees 15,707 15,707 32,048
Church
Magazine
Sales 656 656
Lettings 14,970 14,970 68,610
Community Cafe 4,668 4,668 22,231
Minibus income 494 494 2,077
Other 665
36,495 36,495 126,514
ze Other Incoming Resources
Grants 53,366 128,532 181,898 68,348
Insurance Claims 1,330 1,330 23,507
HMRC Allowance 3,063 3,063 3,489
Other 2,474 2,474 10,389
60,233 128,532 788,765 1,05,733
Total Incoming Resources 364,643 180,182 392 545,216 614,660

31 December 2 020
Unrestricted Restricted Endowment TOTAL TOTAL
Funds Funds Funds FUNDS FUNDS
2020 2019
RESOURCES EXPENDED
3 3a Church Activities
Chadrtable
Giving
Cnrerseas
Relief
8 Development 50 50
Other Charities Supported from
special collections 170 170 1,756
Total Chadrtable
Giving
220 220 1,756
Ministry
Mission &Evangelism
CAP lr Fresh Start 2,800 7,160
Ignite 595 595 3,568
Children
&Young
People 90 3,652 3,742 5,585
Other Mission Work 227 227 2,775
Total Mission &Evangelism 3,117 4,247 7,364 19,089
Parish Share 321,272 321,272 329,496
Salaries &Honoraria 31,039 31,039 38,377
Clergy &Staff expenses 4,189 4,189 7,485
Parish Office Costs 4,196 4,196 6,420
Total Ministry Cost 363,813 4,247 368,060 400,866
Church
Running
Costs
Church
running
Costs
17,397 754 18,151 34,215
Insurance 23,146 31,327
Maintenance 14,024 29,434 34,166
Energy &Water 18,572 18,572 26,630
Churchyard
upkeep
8,770 6,401
Minibus Costs 714 714 3,683
82,623 30,188 1122I11 136,422
Cost ofTrading
Hall Running Costs 13,210 13,210 32,686
Cafe Running
Costs
2,158 2,158 9,806
15,368 42,492
Major Capita
I Expenditure
Capital projects 49,399 49,399 22,836
Hall Major projects 718 718 2,595
Project Professional Fees 8 Other
Costs 31,212 31,212 21,261
82,330 81,330 46,692
Total Church Activities 462,024 115,765 577,789 628,228
Sb Cost ofRaising Funds
Events 1,903 1,903 4,676
Total CostofRaising Funds 1,903 1,903 4,676

Note
PJXRDASSETS 2e24 2029
1 13x Panels purchased at a total cost of 8,329 8329
FITpayments to 31December 2019 2,339 1780
Net BookValue at 1stJanuary 2019 5,990 6549
Less FtT payments received in the period 579 559
NET BOOK VALUE at 31December 2020 5,411 5990
Shares held Value@i Share Price Value at Unrealised
4b INVESTMENTS 31/12/2019 31/12/2019 31/12/2020 31/12/2020 Gain (Lom)
CCLA Investment Fund: Restncted 16,978 325,450 1,246 25,700 204873 373,364 22,213
CCiA Endowment Fund: Annie Marwick 680 13,035 20.4873 13,931 896
CCIA Propety Fund 33,962 46,250 1.2941 43,951 (2,299)
TOTAL INVFSfMENTS 431,246 20,ELB
5 DEBTORS ILPREPAYMENTS 2020 2019
Debtors
Repayment
Claims
Gift Aid / GASDS: November —December 7,073 20,539
Outstanding
Hall Rents
128 1,476
Other daims 11,834 467
TOTAL 19,035 22,482
Accrued Qaims
Grant Claims 6,137 2,711
Accrued Grant Pightland Trust 10,000
Accrued
Energy
overcharges 1,267
TOTAL DEBTORS 36,439 30,193
Prepaid Insurance - Minibus 713
Wiaesborough Social Events 250 795
Other Prepayments 337 196
TOTAL PREPAYMENTS 587 1704
TOTAL DEBTORS&PREPAYMENTS 37,025 31,897
6 DEPOSITS 2020 2019
CCIA Endowment
Funds
379 379
CCIA Restricted funds 9,079 22,310
Ba relays 30,469 91,905
TOTAL DEPOSITS 39,927 114,594
7 CASH AT BANK AND IN HAND 2020 2019
CASH Grapevine Float-Gt Chart 38
Flower Fund Cash Ashford 101
Kennington 435
Gt Chart 760
Unk Lunch Wigesborough/Christchurch 231 1,527 1,737
Cashin Hand: unbanked coin 242
Wigesborough Socialfvents Includes cafefloat 800 958
Local Churches Clearing account: Kingsnorth Lite Bite 342
TOTAL CASH 2,336 3317
BANK BARCIAYS 32,007 18,496
TOTAL CASH8 6ANK 21,814

ote 2020 2019
Ba CREDITORS
Accruals general
Outstanding
Invoices
4,038 6,546
Accrued 100Club Prizes 290 490
Accrued invoices 2,221 4,259
Independent
Examination
2,160 4,671 2,160
Accruals HMRC/Pension
Fund
HMRC 655
Pension Fund 354 1,009 325 1,025
Accruals Designated
2020 —2023Wedding deposits 9,843 7,000
Cemetery upkeep (Kennington) 1,000 1,100
Agency Fee - Choir 120
Deferred Income- Kingsnorth Discretionery fund 375 130
Deferred Income - Winter Night Shelter Contrib
11,218 8,850
Accruals Restricted
Deferred donation
Deferred Income (StFrancis) 150
Deferred Lunch Club Grant (Ashford StMary) 500
Deferred Ball Lane Grant (Kennington)
1,200 1,150
Creditom falling due in one year 22,136 24,481
Custodial Funds
Kennmgton Fayre 1,444
Postponed Ah iceTrip 2,200
Bell Ringers Fund (Kingsnorth) 2,812
5,012
TOTALCREDITOR5 27,148 25,925

Local Church Balance Income gr Expenses & Transfer Balance
Trust Funds B/fwd unrealised unrealised Between C/fwd
gains losses Funds
Pat Holley Legacy/Fabric Fund Christchurch 101,110 9,407 18,518 91,999
Burgess / Pope —Fabric fund Kennington 48,755 25,519 4,844 69,431
Chevalier
Legacy —Halls Fund
Kennington 1,907 131 2,037
School Fund Deposit a/c Kennington 11,306 1,202 12,508
Myrtle Legacy Kingsnorth 93,341 5,089 9,448 88,982
Mercy Apps Kingsnorth 2,530 288 2,818
Joy Legacy Ashford St Mary 13,867 954 14,821
Butcher Legacy Ashford St Mary 8,757 29,520 24,462 13,815
Jill Wright
Legacy
Ashford St Mary 6,342 436 6,778
Monuments Ashford St Mary 5,079 349 5,428
H E Pain - Fabric Fund Ashford St Mary 9,861 438 (5,787) 4,512
DW Knott - Organ / Choir Ashford StMary 6,382 490 360 6,512
Total Trust Funds 309,237 73,823 57,632 (5,787) 319,641
Restricted Project Funds
Choir / Handbells
Fund
Ashford St Mary 1,979.8 51 2,031
Fabric Nave Altar / Choir stalls Ashford St Mary 13,326.2 5,235 5,787 24,348
Cameroon
Project
Ashford St Mary 1,773.0 1,773
Communications
Project
Ashford St Mary 1,157.6 15 701 472
St Mary's Players Ashford St Mary 835 835
Ignite Christchurch 474.7 2,000 273 2,202
Fabric Ik Project Funds Gt Chart 16,477.7 14,720 20592 10,606
Other Funds Gt Chart 2,140.1 2,140
Fabric Funds (Kitchen) St Francis 2,750.0 17,385 9,700 29,835
Make Lunch project St Francis 2,235.0 11,043 2,572 (9,700) 1,007
Ignite St Francis (42.6) 2,000 322 1,635
Children's
Mission
St Francis 663.4 1,650 1,080 1,233
Captial Project Funds Willesborough 27,540.5 33,119 34,892 25,767
Capital Project Funds Sevington (5,351.5) 40,519 35,167
Total Restricted Project Funds 65,125 128,572 60,432 5,787 139,052
TOTAL RESTRICTED FUNDS 374,362 202,395 118,064 458,693

Local Church Balance Income R Expenses & Transfer Balance
b/fwd unrealised unraalised Between C/fwd
gains losses Funds
Annie Marwick Deposit A/c Shadoxhurst 379 379
Annie Mnrwick Investments Shsdoxhurst 13,035 1288 (393) 13931
TOTAL ENDOWMENT FUNDS 13A14 1,288 (393) 14,310
Balance Balance
il Movement on Funds held as Custodial Trustee h/fwd Income Expenses C/fwd
Kennington Fayre 1,444 1,444
5outh Africa Trip 9,259 7,059 2,200
Bell Ringers Fund - Kinsgnorth 2,812 2,812
Total Custodial Funds 1A44 12,071 8,503 5,012

ANALYSIS OFNET ASSETSBEIWEEN FUNDS
Unrestricted
Funds
Resulcted Endowment Total 2020 Total 2019
Fumis Funds
Fixed Assets 5,411 5,411 5,990
Investments 417,315 13,931 431,246 384,735
Debtors 20,748 16,277 37,025 31,897
Deposits 8,012 31,536 379 39,927 114,594
Cash a Bank 34,343 34343 21,814
Liabilities (20,713) (6,435) (27,148) 25,925
Barcleycerd (2,403) (2,403) 1,039
TOTAL NET ASSETS 4S,398 45$,693 14,310 518,401 532,066

Trust Funds Trust Funds Trust Funds
Pat Holley Legacy/Fabric Fun Christchurch Maintenance
ofthe fabric ofthe church and church halls
Burgess / Pope —Fabric fund Kennington Maintenance
ofthe fabric ofthe Kennington
church halls
Chevalier
Legacy - Halls
Func Kennington Maintenance
ofthe fabric ofthe Kennington
church
halls
School Fund Deposit a/c Kennington Costs ofdirect benefit to pupils of Kennington
Junior Academy
Myrtle Legacy Kingsnorth Maintenance
ofthe fabric ofthe church
Mercy Apps Fund Shadoxhurst Fabric and Churchyard
maintenance
Joy Legacy Ashford St Mary Capital &interest restricted for the upkeep ofthe church earmarked
for restoration qftombs
Butcher Legacy Ashford St Mary Maintenance
ofthe fabric ofthe church
Jill Wright Legacy Ashford St Mary 50%ofinterest for the Sunday School and 50%re-invested
Monuments Ashford St Mary Maintenance
ofthe Smyth Tombs
D W Knott
—Organ
/ Choir Ashford St Mary Upkeep oforgan F50&Asst organist E50 balance to choir fund
H E Pain
—Fabric Fund
Ashford St Mary Maintenance
ofthe fabric ofthe church
Restricted Project Funds
Choir / Handbells Fund Ashford St Mary Purchase ofchoir and music related costs
Fabric/Friends/Kneelers Ashford St Mary Maintenance
ofthe fabric ofthe church
Cameroon
Project
Ashford St Mary Funds are raised
in support of humanitarian
projects
Communications
Fund
Ashford St Mary Based on a specific donation for the improvement
ofcomtnunication
5t Mary's Players Ashford St Mary A donation
has bene received tofund future drama productions
Ignite Christ Church Mission &Outreach
project
Fabric &Project Funds Gt Chart Major project to provide hispitality
and toilet facilities in the church
Other Funds Gt Chart Minor restricted
reserves relating to Choir Fund, Bell fund and
Grapevine Cafe
Fabric Funds St Francis Funding for the refurbushment
ofthe Hall kitchen &other fabric
matters
Make Lunch Funds St Francis Provision ofmeals and other goods for famiges which qualify for
free school meals
Ignite St Francis Mission &Outreach
project
Children's
Mission
St Francis Little Squeakers
—Parent &Toddler Group
Capital project Willesborough Funds being raised for major repairs tothe steeple roof
Capital Project Sevington Major refurbishment
ofthe church
building
(Includes
Lady Sharp
Trust)
Endowments
Annie Marwick Fund Shadoxhurst Fabric and Churchyard
maintenance
Funds held as Custodial Trustee
Kennington
Summer
Fayre Temporary
arrangement
pending
creation of Kennington
Community
Council
Funds transferred tothe organsation's
own bank account in January 2020
South Africa Trip Funds raised for a youth project
—aborted due to Coronavirus.
Small balance
retained for potential
future trip.
Bell Ringers Fund Funds transferred to PCC bank account on resignation
ofTower Captain.