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2021-12-31-accounts

Annual
Report		 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 to the accounts Page 15
Pension
Fund		 Disclosure Page 23

Funds Amount Held
in
Free Reserves f55,270 Cash and bank, bank de osit, debtors and liabilities
Restricted Reserves F466,828 Deposits, Investments, debtors and liabilities
Endowment Reserves F16,304 Investments

Unrestricted Restricted Endowment TOTAL FUNDS TOTAL FUNDS
Funds Funds Funds 2021 2020
Note
INCOMING
RESOURCES
Voluntary
Income		 2a 248,706 54,680 303,386 297,789
Activities for Generating
Funds		 2b 27,786 1311 29,097 9,671
Investment
Income		 2C 3,543 9,402 404 13,349 12,496
Church Activities 2d 47,004 47,004 36,496
Other Incoming
Resources		 2e 49,805 72,005 121,811 188,765
TOTAL INCOMING
RESOURCES		 376,845 137,398 404 514,647 545,217
RESOURCES EXPENDED
Church Activities 3a 363,531 189,856 553,387 577,789
Raising Funds 3b 2,494 2,494 1,903
TOTAL RESOURCES EXPENDED 366,025 189,856 555,881 579,692
NET INCOMING/(OUTGOING) RESOURCES
BEFORE TRANSFERS BETWEEN FUNDS 10,820 (52,458) 404 (41,234) (34,475)
Transfers between
Funds		 (948) 1,352 (404)
NET INCOMING/(OUTGOING) RESOURCES
BEFORE OTHER RECOGNISED GAINS AND
LOSSES 9,872 (51,106) (41,234) (34,475)
Gains/(losses)
on investment		 assets:
Realised 4b 2,744 2,744
Unrealised 4b 56,497 1,993 58,490 20,810
NET MOVEMENT IN FUND 9,872 8,135 1,993 20,000 (13,665)
Balance b/forward
@31stDecember 2020		 45,398 458,693 14,311 518,402 532,066
Closing Balance @31December 2021 55,270 466,828 16,304 538,402 518,401

as at 31 December 2021
2021 2020
Note f f
FIXEDASSETS
PV Panels 4a 4,867 5,411
Investments 4b 467,479 431,246
472,346 436,657
CURRENT ASSETS
Debtors &Prepayments 36,956 37,025
Deposits 39,010 39,927
Cash at bank and in hand 65,290 34,343
TOTAL CURRENT ASSETS 141,256 111,295
Creditors —amounts falling due in one year 8a P3,579) (27,148)
Credit Card account (1,621) (2,403)
NET CURRENT ASSETS 66,056 81,744
Creditors - amounts falling due in more than
one year 8b
TOTAL NET ASSETS 538,402 518,401
PARISH FUNDS
L!nrestricted 55,270 45,398
Restricted 466,828 458,693
Endowment 16,304 14,311
538,402 518,402

2021 2020
Net cash from operating
activities		 (8,864) (49,512)
Cash flows from investing
activities
FIT Payments
received		 544 579
Dividends
& Interest		 13,349 12,496
Proceeds from sale of:
Tangible
Fixed Assets
Tangible
Fixed Investments		 25,000
Purchase of:
Tangible
Fixed Assets for the		 use ofthe PCC
Fixed Investments (25,700)
Net cash provided
by/ (used in) investing		 activities 38,893 (12,625)
Change in cash and cash equivalents in the 30,029 (62,137)
reporting
period
Cash and Cash equivalents
at 1January		 74,270 136,407
Cash and Cash equivalents
at31December		 104,299 74,270
Analysis ofcash and cash equivalents:
Cash at bank and in hand 65,290 34,343
Short-Term
Deposits		 39,010 39,927
Cash and Cash equivalents
at 31December		 104,300 74,270
Reconciliation ofnet cash from operating activities:
Net Income before investment
gains		 31December (41,234) (34,475)
Adjustments
for:
Dividends
& Interest		 (13,349) (12,496)
Decrease/(increase)
in Debtors		 69 (5,128)
(Decrease) /Increase
in Creditors		 45,650 2,588
Net cash provided by/(used
in) operating		 activities (8,864) (49,512)

Unrestricted Restricted Endowment TOTAL TOTAL
Funds Funds Funds FUNDS FUNDS
2020 2020
2 INCOMING RESOURCES
2a Voluntary Income
Planned
Giving: Gift Aid		 149,194 149,194 145,002
Tax recoverable 38,704 38,704 39,539
Other Planned
Giving		 27,626 '27,626 35,982
Collections: Open Plate 15,823 15,823 8,948
Tax recoverable 4,751 4,751 523
Donations 10,610 53,467 64,077 40,931
Legacies 1,000 1,213 2.213 26,399
Special Appeals 5Collections 997 997 466
248,706 54,680 303,386 297,789
2b Activities for Generating Funds
Events 25,808 1,311 27,119 9,013
Magazine Adverts 1,978 1,978 658
27,786 1/311 29,097 9,671
2c Investment Income
Dividends R Interest 3,543 9,402 404 13,349 12,496
3,543 9,402 404 13,349 12,496
2d Church Activities
Occasiona I Office fees 23,357 23,357 15,707
Church
Magazine		 Sales 522 522 656
Lettings 17,117 17,117 14,970
Community Cafe 6,008 6,008 4,668
Minibus
income		 494
Other
47,004 47,004 36,495
2e Other Incoming Resources
Grants 44,242 61,552 105,794 181,898
Insurance Claims 10,453 10,453 1,330
HMRC Allowance 4,010 4,010 3,063
Other 1,554 1,554 2,474
49,806 72,005 121,811 188,765
Total Incoming Resources 376,845 137,398 404 514,647 545,216

Unrestricted Restricted Restricted Endowment TOTAL TOTAL
Funds Funds Funds FUNDS FUNDS
2021 2021
RESOURCES EXPENDED
3 3a Church Activities
Charitable
Giving
Overseas Relief & Development 50
Other Charities Supported from
special collections 1,481 1,481 170
Total Charitable
Giving		 1,481 1,481 220
Mission &Ministry
Mission & Evangelism
CAP / Fresh Start 2,200 2,200 2,800
Ignite 643 643 595
Children
&Young		 People 293 1,276 1,569 3,742
Other Mission Work 227
Total Mission &Evangelism 2,493 1,919 4,412 7,364
Ministry
Parish Share 229,081 229,081 321,272
Local Ministry
Salaries & Honoraria 35,298 35,298 31,039
Clergy &Staff expenses 6,111 6,111 4,189
Parish Office Costs 4,642 4,642 4,196
Total Ministry
Cost		 277,625 1,919 279,544 368,060
Church
Running
Costs
Church
running
Costs		 15,888 6,207 22,095 18,151
Insurance 19,134 19,134 23,146
Maintenance 11,238 15,465 26,703 43,458
Energy 8 Water 16,736 16,736 18,572
Churchyard
upkeep		 6,232 6,232 8,770
Minibus Costs 714
69,228 21,672 90,900 112,811
Cost ofTrading
Hall Running
Costs		 12,576 12,576 13,210
Cafe Running
Costs		 2,622 2,622 2,158
15,198 15,198 15,368
Major Capital Expenditure
Capital projects 95,152 95,152 49,399
Hall Major projects 44,137 44,137 718
Project Professional Fees 8 Other
Costs 26,976 26,976 31,212
166,265 166,265 81,330
Tota I Church Activities 363,531 189,856 553,387 577,789
3b Cost of Raising Funds
Events 2,494 2,494 1,903
Total Cost of Raising Funds 2,494 2,494 1,903

Note
4a FIXEDASSETS 2021 2020
I 13x Panels purchased at a total cost of 8,329 8329
FIT payments to31December 2020 2,918 2339
Net Book Value at 1stJanuary 2019 5,411 5990
Less FITpayments received in the period 544 579
NET BOOK VALUE at 31 December 2021 4,867 5411
4b INVKSTMKNTS Shares held
31/12/2020		 Value @
31/12/2020		 SOLD Bought Realised/
Cost		 Share Price
31/12/2021		 Value at
31/12/2021		 Unrealised
Gain lLoss)
CCLA Investment Fund: Restricted 18,224 373,364 -1,086 -22,256 23.4181 401,335 50,227
CCLA Endowment Fund: Annie Marwick 680 13,931 23.4181 15,924 1,993
CCLA Propety Fund 33,962 43,951 1.4787 50,220 6,269
TOTAL INVESTMENTS 467,479 58,489
5 DEBTORS & PREPAYMENTS 2021 2020
Debtors
Repayment
Claims		 Gift Aid / GASDS: October - December 12,608 7,073
Outstanding
Hall Rents		 1,887 128
Other Outstanding Invoices 3,841 11,834
TOTAL 18,336 19,035
Accrued Claims
Grant Claims 17,513 6,137
Accrued Grant Pightland Trust 650 10,000
Accrued Energy overcharges 1,267
TOTAL DEBTORS 36,498 36,439
Prepaid Insurance - Minibus
Willesborough
Social Events		 250
Other Prepayments 458 337
TOTAL PREPAYMENTS 458 587
TOTAL DEBTORS &PREPAYMENTS 36,956 37,025
6 DEPOSITS 2021 2020
CCLA Endowment
Funds		 379 379
CCLA Restricted funds 5,604 9,079
Barelays 33,027 30,469
TOTAL DEPOSITS 39,010 39,927
7 CASH AT BANK AND IN HAND 2021 2020
CASH Grapevine
Float -		 Gt Chart
Flower Fund Cash Ashford
Kennington 345
Gt Chart 21
Link Lunch Willesborough/Christchurch 264 627 1,527
Cash in Hand:
unbanked		 coin 13 9
Willesborough
Social Events		 Includes cafe float 1042 800
Local Churches
Clearing		 account: Kingsnorth Lite Bite 167
TOTAL CASH 1,848 2336
BANK BARCLAYS 63,442 32,007
TOTAL CASH &BANK 65,290 34,343

CREDITORS CREDITORS
Accruals general
Outstanding
Invoices		 48,918 4,038
Accrued 100Club Prizes 310 290
Accrued invoices 2,874 2,221
Independent
Examination		 2,160 5,344 2,160 4,671
Accruals HMRC / Pension Fund
HMRC 548 655
Pension
Fund		 373 920 354 1,009
Accruals Designated
(Deferred Income)
2020- 2023 Wedding deposits 7,780 9,843
Cemetery
upkeep (Kennington)		 1,000 1,000
Agency Fee - Choir
Deferred Income - Kingsnorth Discretionery fund 375 375
Deferred Income - Hall Hire Rents &Deposits 2,588
Other deferred
income		 442 12,185 11,218
Accruals Restricted
Deferred donation
Deferred
Income (St Francis)
Deferred
Lunch Club Grant (Ashford St Mary)		 500 500
Deferred
Ball Lane Grant (Kennington)		 700 700
1,200 1,200
Creditors falling due in one year 68,567 22,136
Custodial Funds
Kennington
Fayre
Postponed
Africa Trip		 2,200 2,200
Bell Ringers Fund (Kingsnorth) 2,812 2,812
5,012 5,012
TOTAL CREDITORS 73,579 27,148

Local Church Balance Income & Expenses & Transfer Balance C/fwd
Trust Funds B/fwd unrealised unrealised Between
gains losses Funds
Pat Holley Legacy/Fabric Fund Christchurch 91,999 16,056 3,044 105,011
Burgess / Pope - Fabric fund Kennington 69,430 61,402 85,294 45,538
Chevalier
Legacy- Halls Fund		 Kennington 2,038 349 2,387
School Fund Deposit a/c Kennington 12,508 2,076 14,584
Myrtle Legacy Kingsnorth 88,983 12,684 101,666
Mercy Apps Kings north 2,818 387 3,205
Joy Legacy Ashford St Mary 14,821 2,530 17,351
Butcher Legacy Ashford St Mary 13,815 7,074 5,885 15,004
Jill Wright Legacy Ashford St Mary 6,778 1,157 100 7,835
Monuments Ashford St Mary 5,428 927 6,355
H E Pain
—Fabric Fund		 Ashford St Mary 4,512 (23) 4,489
D W Knott - Organ / Choir Ashford St Mary 6,512 1,156 (180) 7,488
Total Trust Funds 319,642 105,773 94,323 (180) 330,912
Restricted Project Funds
Choir / Handbells
Fund		 Ashford St Mary 2,031 100 90 2,221
Fabric Nave Altar/Choir stalls Ashford St Mary 24,348 4,054 4,799 23,603
Cameroon
Project		 Ashford St Mary 1,773 1,773
Communications
Project		 Ashford St Mary 472 177 295
St Mary's Players Ashford St Mary 835 835
Organ
Fund		 Ashford St Mary 8,195 90 8,285
ignite Ashford St Mary 3,837 1,700 643 4,894
Fabric &Project Funds Gt Chart 10,606 6,129 10,052 678 7,361
Other Funds Gt Chart 2,140 3,820 (678) 5,282
Fabric Funds (Kitchen) St Francis 29,835 17,046 46,881
Fabric Funds (Building) St Francis 10,705 4,213 6,492
Make Lunch project St Francis 1,007 1,739 1.133 1,613
Children's
Mission		 St Francis 1,233 1,131 102
Captiai Project Funds Willesborough 25,767 33,119 8,068 50,818
Capital Project Funds Sevington 35,167 4,611 18,293 21,485
Youth Work PCC 1,000 143 857
Total Restricted Project Funds 139,051 92,218 95,533 180 135,916
TOTAL RESTRICTED FUNDS 458,693 197,991 189,856 466,828

Local Church Balance Income & Expenses & Transfer Balance
b/fwd unrea lised unrealised Between C/fwd
gains losses Funds
Annie Marwick Deposit A/c Shadoxhurst 379 379
Annie Marwick Investments Shadoxhurst 13,932 2,397 (404) 15,925
TOTAL ENDOWMENT FUNDS 14,311 2,397 (404) 16,304
Balance Balance
11 Movement on Funds held as Custodial Trustee b/fwd Income Expenses C/fwd
South Africa Trip 2,200 2,200
Bell Ringers Fund - Kinsgnorth 2,812 2,812
Total Custodial Funds 5,012 5,012

ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted Restricted Endowment Total 2021 Total 2020
Funds
Funds Funds
Fixed Assets 4,867 4,867 5,411
investments 451,555 15,925 467,479 431,246
Debtors 17,977 18,979 36,956 37,025
Deposits 23,308 15,323 379 39,010 39,927
Cash & Bank 65,290 65,290 34,343
Liabilities (24,918) (48,661) (73,579) (27,148)
Barclaycard (1,621) (1,621) (2,403)
TOTAL NET ASSETS 55,270 466,828 16,304 538,402 518,401

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 Fund 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
gt interest restricted forthe upkeep ofthe church earmarked
for restoration oftombs
Butcher Legacy Ashford St Mary Maintenance
ofthe fabric ofthe church
Jill Wright Legacy Ashford St Mary 50%of interest 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 of organ f50 g Asst organist f50 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/Kneel ers 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
ofcommunication
St Mary's Players Ashford St Mary A donation
has been received to fund future		 drama productions
Ignite Ashford St Mary Mission
gt Outreach
project
—Christchuch
and St Francis former funds
combined
Organ fund Ashford St Mary Major refurbishment
ofthe church organ
Fabric gt 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 and		 Bell fund
Fabric Funds St Francis Funding for the refurbushment
ofthe Hall kitchen
g		 other fabric matters
Make Lunch Funds St Francis Provision of meals and other goods for families which qualify for
free school meals
Children's
Mission		 St Francis Little Squeakers
—Parent
gt Toddler Group
Capital project Willesborough Funds being raised for major repairs to the 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
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.