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





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|Fund|||Investment<br>Fund|Property<br>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<br>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<br>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|



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||||Unrestricted|Restricted|Endowment|TOTAL FUNDS|TOTAL FUNDS|
|---|---|---|---|---|---|---|---|
||||Funds|Funds|Funds|2020|2019|
|||Note||E|E|f|f|
|INCOMING<br>RESOURCES||||||||
|Voluntary<br>Income||2a|254,221|43,568||297,789|336,495|
|Activities for Generating<br>Funds||2b|7,746|1,925||9,671|33,138|
|Investment<br>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<br>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<br>Funds|||392||(392)|||
|NET INCOMING/(OUTGOING)|RESOURCES|||||||
|BEFOREOTHER RECOGNISED GAINS||AND||||||
|LOSSES|||(98,892)|64,417|0|(34,475)|(18,244)|
|Gains/(losses)<br>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<br>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|





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





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|||||||||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<br>Giving||||35,982|||35,982|38,181|
|||||Collections:<br>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<br>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<br>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<br>Giving||||||||
|||Cnrerseas<br>Relief|8 Development||50|||50||
|||Other Charities|Supported|from||||||
|||special collections|||170|||170|1,756|
|||Total Chadrtable<br>Giving|||220|||220|1,756|
|||Ministry||||||||
|||Mission &Evangelism||||||||
|||CAP lr Fresh Start|||2,800||||7,160|
|||Ignite||||595||595|3,568|
|||Children<br>&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<br>Running<br>Costs||||||||
|||Church<br>running<br>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<br>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<br>Costs|||2,158|||2,158|9,806|
|||||||||15,368|42,492|
|||Major Capita<br>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<br>Claims|||Gift|Aid||/ GASDS: November||||—December||||7,073||20,539|
||||Outstanding<br>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<br>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<br>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<br>Invoices||||||4,038||6,546|
|||Accrued|100Club Prizes||||290||490||
|||Accrued|invoices||||2,221||4,259||
|||Independent<br>Examination|||||2,160|4,671|2,160||
||Accruals|HMRC/Pension<br>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|



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|||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<br>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<br>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<br>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<br>Project||Ashford St Mary|1,773.0||||1,773|
|Communications<br>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<br>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<br>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|



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





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