## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF RAINHAM, DIOCESE OF CHELMSFORD** **(Charity Registration No. 1127337)** ## **ANNUAL REPORT AND FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31ST DECEMBER 2023** **Clemence Hoar Cummings CHARTERED ACCOUNTANTS** ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF RAINHAM, DIOCESE OF CHELMSFORD (Charity Registration No. 1127337)** ## **CONTENTS** |Page|1 - 3|Annual Report of the Parochial Church Council| |---|---|---| ||4|Independent Examiners' Report| ||5|Statement of Financial Activities| ||6|Balance Sheet| ||7-13|Notes to the Accounts| ||14|The Ship Surplus & deficit account| Page 1 **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF RAINHAM, DIOCESE OF CHELMSFORD (Charity Registration No. 1127337)** ## **ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL** ## **FOR THE YEAR ENDED 31ST DECEMBER 2023** ## **REFERENCE AND ADMINISTRATIVE DETAILS** St Helen's and St Giles church is situated in Rainham, Essex. It is part of the Diocese of Chelmsford within the Church of England. The correspondence address is St Helen's Church Hall, St Helen's Court, Upminster Road South, Rainham, Essex, RM13 9YU. Charity Number: 1127337 Prinicipal Office: St Helen's Court Upminster Road South Rainham Essex RM13 9YU Independent Examiners: CHC Accountancy Ltd T/A Clemence Hoar Cummings Riverside House 1-5 Como Street Romford RM7 7DN Bankers Barclays Bank Plc 1 Churchill Place London E14 5HP PCC members who have served from 1st January 2023 until the date of this report was approved are: Incumbent: Rev'd Elise Peterson Associate Minister: Rev'd David Stainer Warden: Stephanie Bare Secretary: Alan Dell Elected Members Joanne Barclay (resigned 14 May 2023) Gloria Byatt (Vice Chair) Frank Byatt Janne Cassidy Maxine Howgate-Richards (resigned 14 May 2023) Marilyn Lane (resigned 14 May 2023) Shirley Phillips Jackie Willoughby (resigned 14 May 2023) Page 2 **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF RAINHAM, DIOCESE OF CHELMSFORD (Charity Registration No. 1127337)** ## **ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL** ## **FOR THE YEAR ENDED 31ST DECEMBER 2023** ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** The church is governed by the Parochial Church Council Powers Measure (1956) as amended and by Church Representation rules. The church is a charity, registered with the charity commission. The method of appointment of PCC members is set out in Church Representation Rules. All Church attendees are encouraged to register on the Electoral Roll and stand for election to the PCC. ## **OBJECTIVES AND ACTIVITIES** Rainham Parish Church Council has the responsibility of co-operating with the incumbent, the Rev'd. Elise Peterson, in promoting in the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. It also has the maintenance responsibilities for the whole Church centre complexes of St Helen and St Giles. ## Mission statement Our mission is to engage with the whole community and build relationship with the different groups of people here, sharing God's love through the good news of Jesus Christ in practical and relevant ways. ## **ACHIEVEMENTS, PERFORMANCE AND BACKGROUND INFORMATION** ## Church attendance There are 107 (2022: 107) people registered on the Electoral Roll and there were 51 people attending the services on average. ## Review of church council and church meeting business during the year. Meetings of PCC members are held approximately every six weeks. Copies of the minutes are available to church members on request after they have been signed and agreed by the PCC, for all members of the parish to read. ## Review of the year The PCC continues to use the diocesan parish account service, and the work was assigned to – Terry Gray. We are very grateful to Terry for his help during 2023. We continue to be grateful to Alan Dell and Stephanie Bare for their support during the year. We are also grateful to so many members of the congregation who give regularly towards the work of church and The Ship Centre, whether by regular standing order or by whatever means that they have managed to contribute during this past year. This, together with Terry’s help in the recovery of Gift Aid Tax, has enabled us to pay our Parish Share in full again this year. At the November meeting of the PCC, Elise was able to report that we had been successful in receiving funding for the appointment of a youth worker. The grant will be initially one of £40,000 for a schools worker who will work in the parish for 30 hours per week starting in the new year. Page 3 **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF RAINHAM, DIOCESE OF CHELMSFORD (Charity Registration No. 1127337)** ## **ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL** **FOR THE YEAR ENDED 31ST DECEMBER 2023** ## **FINANCIAL REVIEW** Total income on ordinary unrestricted funds was £196,019 (2022 - £190,451), on restricted funds £343 (2022 - £666) and £349 (2022 - £310) on endowment funds. The balance of endowment funds as at 31 December 2023 was £16,354 (2022 - £14,620) All three are detailed in the financial statements. Total unrestricted expenditure amounted to £179,333 (2022 - £190,170), this included the church's contribution to the diocesan family purse of £53,179 (2022 - £72,281). The net result for the year was a surplus on unrestricted funds of £16,686 (2022 - £281), and a deficit on restricted funds of £12 (2022 surplus - £666). Income for the year on endowment funds amounted to £349 (2022 £310). ## **RESERVES POLICY** It is the PCC policy to maintain a balance on unrestricted funds (if possible), which equates to approximately six months' unrestricted payments, to cover emergency situations that may arise from time to time. The balance at the year end totals £517,501, however £88,971 of the balance relates to freehold property, which is not a liquid resource, leaving a true balance of £428,530. The restricted funds which had a balance at the year end include the Church Communications Project which stood at £1,570 Church Tower Restoration which stood at £4,052 and the Youth Project at £648. It is our policy to invest the majority of our funds balances with the CBF Church of England Deposit Fund. ## **RESPONSIBILITIES OF THE PCC** The Members of the PCC are responsible for the preparation of a Statement of Financial Activities and Balance Sheet for each financial year, which comply with Section 130 of the Charities Act 2011 following the guidance for accounting for smaller charities issued by the Charities Commission. In preparing the Statement of Financial Activities and Balance Sheet we are required to: - Select suitable Accounting Policies and then apply them consistently - Make judgements and estimates that are reasonable and prudent - Stateany material departure disclosed and explained in the accounts.whether applicable accounting standards and statements of recommended practice have been followed, subject to Our responsibilities as members of the PCC include keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable us to ensure that the Accounts comply with the Charities Act 2011. We are also responsible for safeguarding the Church's Assets and hence for taking reasonable steps for the prevention and detection of fraud and breaches of law and regulations. St Helen's Church Hall St Helen's Court Upminster Road South Rainham, Essex RM13 9YU ……………………………………. Rev’d Elise Peterson 16 April 2024 Page 4 ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF RAINHAM, DIOCESE OF CHELMSFORD (Charity Registration No. 1127337)** ## **INDEPENDENT EXAMINERS' REPORT** ## **FOR THE YEAR ENDED 31ST DECEMBER 2023** This report on the Accounts of the PCC for the year ended 31 December 2023, which are set out on pages 6 to 13 inclusive, is in respect of an examination carried out in accordance with the Church Accounting Regulations 2006 and Section 145 of the Charities Act 2011. ## Respective responsibilities of Trustees and Examiner As members of the PCC you are responsible for the preparation of the Accounts; you consider that the audit requirement of Regulation 3(3) of the Church Accounting Regulations 2006 and Section 144(2) of the Charities Act 2011 (the Act) do not apply. I report in respectof my examination of the charity's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity commission under section 145(5)(b) of the Act. ## Basis of Independent Examiner’s Report My examination was carried out in accordance with the General Directions given by the Charity Commission under Section 145(5)(b) of the Act and to be found in the guidance from the CBF. That examination includes a review of the accounting records kept by the PCC and a comparison of the Accounts with those records. It also includes considering any unusual items or disclosures in the Accounts 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 I do not express an audit opinion on the view given by the Accounts. ## Independent Examiner’s Statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: - Accounting records were not kept in respect of the charity as required by section 130 of the Act; or - The accounts do not accord with those records; or - The accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the - - Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give 'true and fair view' which is not a matter of considered as part of an independent examination]. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in the report in order to enable a proper understanding of the accounts to be reached. Riverside House 1-5 Como Street Romford Essex RM7 7DN D M Belbin BSc BFP FCA DChA Independent Examiner Clemence Hoar Cummings Chartered Accountants ………………………….2024 Page 5 ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF RAINHAM, DIOCESE OF CHELMSFORD (Charity Registration No. 1127337)** ## **ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL** ## **FOR THE YEAR ENDED 31ST DECEMBER 2023** ||||||**TOTAL**|TOTAL| |---|---|---|---|---|---|---| |||Unrestricted|Restricted|Total|**FUNDS**|FUNDS| ||Notes|Funds|Funds|Endowment|**2023**|2022| |||£|£||**£**|£| |**Incoming resources**||||||| |_Voluntary income_|2a|115,737|149|-|**115,885**|123,126| |_Activities for generating funds_|2b|36,461|-|-|**36,461**|40,309| |_Income from investments_|2c|6,901|194|349|**7,443**|793| |_Church activities_|2d|35,672|-|-|**35,672**|25,863| |_Other incoming resources_|2e|1,249|-|-|**1,249**|1,336| |**Total incoming resources**||196,019|343|349|**196,711**|191,427| |**Resources expended**||||||| |_Costs of generating voluntary income_|3a|-|-|-|**-**|-| |_Fund-raising trading costs_|3b|-|-|-|**-**|-| |_Church activities_|3c|176,933|355|-|**177,288**|187,136| |_Governance Costs_|3d|2,400|-|-|**2,400**|2,377| |**Total resources expended**||179,333|355|-|**179,688**|189,513| |**Net incoming/(outgoing) resources**||16,686|(12)|349|**17,022**|1,257| |Other recognised gains/losses||-|-|-|**-**|| |Transfers between funds||-|-|-|**-**|| |_Gains/(losses) on revaluation of fixed assets_|5|-|-|-|**-**|| |_Gains/(losses) on investment assets_|6|-|-|1,385|**1,385**|(1,919)| |**Net movement in funds**||16,686|(12)|1,734|**18,406**|(662)| |Total funds brought forward at 1 January 2023||500,815|6,282|14,620|**521,717**|522,379| |**Total funds carried forward at 31 December 2023**||517,501|6,270|16,354|**540,124**|521,717| Page 6 ## **E PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF RAINHAM, DIOCESE OF CHELMSFORD** ## **(Charity Registration No. 1127337)** ## **ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL** ## **FOR THE YEAR ENDED 31ST DECEMBER 2023** |Notes
**2023**
£
**Fixed assets**
Tangible fixed assets
5
**89,643**
Investments
6
**16,354**
**Total fixed assets**
**105,997**
**Current assets**
Debtors
8
**9,204**
**Short term deposits**
CCLA Deposit 3004D
4,179
CCLA Deposit 3005D
357,178
CCLA Deposit 3006D
2,142
CCLA Deposit 3007D
961
CCLA Deposit 3008D
1,575
CCLA Deposit 3009D
-
Current account 8424 Main account
50,605
Current account 5689 Fees
796
Current account 7841 Flat
4,678
Current account 9148 Ship
5,839
Unbanked cash
177
Ship till
220
Ship counter float
-
Cash at bank and in hand
**428,350**
Creditors: amounts falling due within one year
9
**(3,426)**
**Net current assets**
**434,127**
**Total assets less current liabilities**
**540,124**
**NET ASSETS**
**540,124**
**Funds held**
7
**Endowment Funds**
**16,353**
**Restricted funds**
10
**6,270**
**Unrestricted funds**
10
**517,501**
**540,124**|2022
£
89,979
14,620| |---|---| ||104,599
17,771
4,049
319
2,075
931
1,526
20,146
327,899
7,718
21,134
23,341
98
162
-
409,398
(10,051)
417,118| ||521,717| ||521,717| ||14,620
6,282
500,815| ||521,717| Approved by the Parochial Church Council on 14 April 2024 The Revd Elise Peterson Chair The accompanying notes form a part of these financial statements. Page 7 ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF RAINHAM, DIOCESE OF CHELMSFORD (Charity Registration No. 1127337)** ## **NOTES TO THE ACCOUNTS** ## **FOR THE YEAR ENDED 31ST DECEMBER 2023** ## **1. ACCOUNTING POLICIES** ## a) Basis of accounting The financial statements have been prepared under the historic cost convention, in accordance with the Church Accounting Regulations 2006 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with FRS 102 (Charities SORP FRS 102) and the Charities Act 2011. In preparing the financial statements, the trustees have considered whether in applying the accounting policies required by the Charities SORP FRS 102 the restatement of comparative items was required. There were no changes to the accounting policies of the charity as a result of the adoption of FRS 102. ## b) Funds Restricted funds represent donations or fundraising income invited by the PCC for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of each year must be carried forward as a balance on that fund. Where funds received have been restricted for the purchase of fixed assets, the value of the specific object is transferred at the purchase date from the restricted fund to the general fund in the Statement of Financial Activities. General Funds represent funds of the church council that are not subject to any restrictions regarding their use and are available for application on the general purposes of the Church. Funds designated by the Church Council for a particular purpose are also unrestricted. ## c) Income Resources All income and endowments are included in the statement of financial activities when the Church is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income: - Collections and planned giving receivable under covenant are recognised when received on behalf of the Church Council. - Tax refunds are recognised when the incoming resource to which they relate is received. - Funds raised by fete, garden party and similar events are accounted for gross. - Grants and legacies to the Church Council are accounted for as soon as the Church Council is notified of its legal entitlement and the amount due. - Rental income from the letting of church premises is recognised when the rental is due. - Trading income is recognised when the goods have been sold. - Interest and dividends is recognised when received. ## d) Resources Expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which is reported as part of the expenditure to which it relates: - Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of running fundraising events. Page 8 ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF RAINHAM, DIOCESE OF CHELMSFORD** ## **(Charity Registration No. 1127337)** ## **ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL** ## **FOR THE YEAR ENDED 31ST DECEMBER 2023** ## **1. ACCOUNTING POLICIES CONTINUED…** - Church activities expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. - Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the audit fees and costs linked to the strategic management of the charity. ## Fixed assets The church's freehold property is stated at its cost amount. No depreciation is charged on the asset as the current market value is considered in excess of the book value shown. ## f) Investments Investments whether by way of loan or transferable security are valued at market value. |**2 Incoming resources**
**a**
_Voluntary income_
Planned giving
Collections at all services
Sundry donations and appeals
Income tax recoverable
Grants
**b**
_Activities for generating funds_
General fundrising
Ship Sales
Ship Flat rent
**c**
_Investment income_
Dividends and interest
**d**
_Income from Church Activities_
Church hall lettings etc
Fees from weddings etc
**e**
_Other other incoming resources_
Other income
**Total incoming resources**|**TOTAL**
TOTAL
Unrestricted
**Restricted**
**Total**
**FUNDS**
FUNDS
Funds
**Funds**
**Endowments**
**2023**
2022
£
£
**£**
£
66,404
-
-
**66,404**
68,737
14,515
-
-
**14,515**
8,586
14,300
149
-
**14,449**
5,131
16,338
-
-
**16,338**
35,672
4,180
-
-
**4,180**
5,000| |---|---| ||115,737
149
-
**115,885**
123,126| ||3,167
-
-
**3,167**
529
23,694
-
-
**23,694**
30,180
9,600
-
-
**9,600**
9,600| ||36,461
-
-
**36,461**
40,309| ||6,901
194
349
**7,443**
793| ||6,901
194
349
**7,443**
793| ||33,922
-
-
**33,922**
23,639
1,750
-
-
**1,750**
2,224| ||35,672
-
-
**35,672**
25,863| ||1,249
-
-
**1,249**
1,336| ||1,249
-
-
**1,249**
**1,336**| ||| ||196,019
343
349
**196,711**
**191,427**| Page 9 ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF RAINHAM, DIOCESE OF CHELMSFORD (Charity Registration No. 1127337)** ## **ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL** ## **FOR THE YEAR ENDED 31ST DECEMBER 2023** |**3 Resources expended**
**c**
_Church Activities_
Missionary and charitable giving:
Overseas:
Missionary societies
Home mission
Secular charities
Ministry costs:
diocesan parish contribution
other clergy costs
Staff cost
Church Insurance
Church maintenance
Church running expenses
School contribution
Cleaning
Upkeep of services
Organ Maintenance
Upkeep of churchyard
Nurture & lay ministry
Children & Youth
Administration
Church hall/Flat running costs
Ship running costs
Ship purchases
Legal fees
Depreciation
**d**
_Governance costs_
Independent examination fee
Cost of annual accounts
**Total resources expended**|**TOTAL**
TOTAL
**Unrestricted**
**Restricted**
**Total**
**FUNDS**
FUNDS
**Funds**
**Funds**
**Endowment**
**2023**
2022
£
**£**
**£**
£
-
-
**-**
-
-
-
-
**-**
-
500
-
-
**500**
172
385
-
-
**385**
385
50
-
-
**50**
100| |---|---| ||935
-
-
**935**
657
-
-
53,179
-
-
**53,179**
72,281
2,217
-
-
**2,217**
2,560
54,159
-
-
**54,159**
48,863
2,313
-
-
**2,313**
2,259
4,543
-
-
**4,543**
14,337
7,515
-
-
**7,515**
4,921
-
-
-
**-**
-
1,277
-
-
**1,277**
1,144
4,065
-
-
**4,065**
1,522
363
-
-
**363**
668
45
-
-
**45**
53
282
-
-
**282**
-
138
355
-
**493**
-
9,719
-
-
**9,719**
5,278
15,685
-
-
**15,685**
7,455
6,194
-
-
**6,194**
9,978
13,968
-
-
**13,968**
12,874
-
-
-
**-**
2,271
336
-
-
**336**
672| ||176,933
355
-
**177,288**
187,136| ||2,400
-
-
**2,400**
2,500
-
-
-
**-**
(123)| ||2,400
-
-
**2,400**
2,377| ||| ||179,333
355
-
**180,623**
190,170| Page 10 ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF RAINHAM, DIOCESE OF CHELMSFORD (Charity Registration No. 1127337)** ## **ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL** ## **FOR THE YEAR ENDED 31ST DECEMBER 2023** ||**4 **|**Staff costs**|**2023**|2022| |---|---|---|---|---| ||||**£**|£| |**a**||_Wages and salaries_||| |||During the year the PCC employed 5 staff (2022: 5)||| |||Cost of employment|53,179|48,862| The PCC employs an administrator and a part time Hall Caretaker. The cost of the administration staff has been split between the running costs of the church and the church hall using a ratio of 9:1 based on tasks carried out. Staff costs for The Ship have been included in the expenses and overheads in note 3. |**5 Tangible fixed assets**
**Cost or valuation**
At the 1st January 2023
Disposals
AT the 31st December 2023
**Depreciation**
At 1st January 2023
Provided in the year
Disposals
At the 31st December 2023
**Net book amounts**
**At the 31st December 2023**
At the 31st December 2022|20%
diminishing
balance
Freehold
Freehold
Church Hall
Upminster Road
Hall & Ship
**TOTAL**
South
equipment
£
£
£
6,471
82,500
1,680
90,651
-
-
-
-| |---|---| ||6,471
82,500
1,680
**90,651**| ||-
-
672
**672**
-
-
336
**336**
-
-
**-**| ||-
-
1,008
**1,008**| ||| ||**6,471**
**82,500**
**672**
**89,643**| ||| ||6,471
82,500
1,008
89,979| |**6 Investments**
Market value 1st January 2023
Purchases at cost
Net gains and revaluation
**Market value 31st December 2023**|**Richardson**
**Stoker**
**Tithe**
**Chancel**
**Total**
1,983
1,591
11,046
14,620
349
349
187
150
1,048
1,385| |---|---| ||**2,170**
**1,741**
**12,443**
**16,354**| Page 11 ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF RAINHAM, DIOCESE OF (Charity Registration No. 1127337)** ## **ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL** ## **FOR THE YEAR ENDED 31ST DECEMBER 2023** ## **7 Analysis of Net assets by fund** |**Analysis of Net assets by fund**||| |---|---|---| |Unrestricted
Restricted
Funds
Funds
£
£
Fixed assets for church use
89,643
-
Investment fixed assets
-
-
Current assets
431,283
6,270
Current liabilities
(3,426)
-
Long term liabilities
**517,500**
**6,270**
**Debtors**
Income tax recoverable
GASDS recoverable
PAYE overpaid
Pensions
**Creditors: amounts falling due within one year**
Diocesan fees
Vergers
Wedding deposits held
Church boiler
December expenses
Independent examination
Audit fee|Unrestricted
Restricted
Funds
Funds
£
£
89,643
-
-
-
431,283
6,270
(3,426)
-|Endowment
**Total Funds**
Funds
**2023**
£
**£**
-
**89,643**
16,354
**16,354**
-
**437,553**
-
**(3,426)**
**-**| ||**517,500**
**6,270**|**16,354**
**540,124**| |||**2023**
2022
**£**
£
**8,932**
**2,279**
**247**
**3,844**
**-**
**11,648**
**24**
**-**| |||**9,204**
17,771| |||**2023**
2022
**£**
£
**401**
**976**
**-**
**35**
**100**
**300**
**-**
**5,895**
**145**
**345**
**280**
**-**
**2,500**
**2,500**| |||**3,426**
**10,051**| ## **8 Debtors** ## **9 Creditors: amounts falling due within one year** Page 12 ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF RAINHAM, DIOCESE OF CHELMSFORD** **(Charity Registration No. 1127337)** ## **ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL** ## **FOR THE YEAR ENDED 31ST DECEMBER 2023** ## **10 Statement of funds** |**Statement of funds**|| |---|---| |**Unrestricted Fund**
General fund
Buildings capital
Church hall
Church Restoration
The Ship
Youth Worker
Charitable Giving
**Restricted Funds**
Communications Project
Tower Restoration
Youth Work
**Endowment Funds**
Richardson Memorial
Emily Stoker bequest
Tithe Chancel Trust
**Total funds**|Bal b/fwd
Income
Expenditure
Transfers,
**Bal c/fwd**
1 Jan 2023
other gains
**31 Dec 2023**
and losses
£
£
£
£
**£**
398,781
122,676
(119,586)
(4,500)
**397,371**
88,971
-
-
-
**88,971**
5,010
32,781
(17,163)
(15,000)
**5,628**
2,075
67
-
-
**2,142**
5,978
40,495
(42,584)
-
**3,889**
-
-
-
10,000
**10,000**
-
-
-
9,500
**9,500**| ||500,815
196,019
(179,333)
-
**517,501**| ||1,521
49
-
-
**1,570**
3,788
264
-
-
**4,052**
973
30
355
-
-
**648**| ||6,282
343
355
-
-
**6,270**| ||1,983
-
-
187
**2,170**
1,591
-
-
150
**1,741**
11,046
348
-
1,048
**12,442**| ||14,620
349
-
1,385
**16,353**| ||| ||521,717
196,711
(179,688)
1,385
**540,124**| ## _Communications project_ This fund has been set up to prepare for the potential costs arising to preserve the Church for use by future generations. During the year total incoming resources totalled £27 (2021: £9). ## _Church tower restoration_ This fund has been set up to prepare for the potential costs arising to preserve the Church Tower for use by future generations. During the year total incoming resources totalled £264 (2022: £592). ## _Youth work_ This fund has been set up to cover the costs of youth activities provided by the church. Net results for the year were a deficit of £325 (2022 surplus of £54). Page 13 ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF RAINHAM, DIOCESE OF CHELMSFORD** ## **(Charity Registration No. 1127337)** ## **ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL** ## **FOR THE YEAR ENDED 31ST DECEMBER 2023** ## **10 Statement of funds continued Prior Year** |**Unrestricted Fund**
General fund
Buildings capital
Church hall
Church Restoration
The Ship
**Restricted Funds**
Communications Project
Tower Restoration
Youth Work
**Endowment Funds**
Richardson Memorial
Emily Stoker bequest
Tithe Chancel Trust
**Total funds**|Bal b/fwd
Income
Expenditure
Transfers,
**Bal c/fwd**
1 Jan 2022
other gains
**31 Dec 2022**
and losses
£
£
£
£
**£**
389,892
123,531
(140,642)
26,000
398,781
88,971
-
-
-
88,971
-
22,859
(7,849)
(10,000)
5,010
2,048
27
-
-
2,075
19,623
44,034
(41,679)
(16,000)
5,978| |---|---| ||500,534
190,451
(190,170)
-
500,815| ||1,501
20
-
-
1,521
3,196
592
-
-
3,788
919
54
-
-
973| ||5,616
666
-
-
6,282| ||2,248
-
-
(265)
1,983
1,803
-
-
(212)
1,591
12,178
310
-
(1,442)
11,046| ||16,229
310
-
(1,919)
14,620| ||| ||522,379
191,427
(190,170)
(1,919)
521,717| Page 14 ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF RAINHAM, DIOCESE OF CHELMSFORD** ## **(Charity Registration No. 1127337)** ## **ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL** ## **FOR THE YEAR ENDED 31ST DECEMBER 2023** |GALLEY
Donations and till receipts
Donations received from Fairtrade, Gifts & Cards
Other income
Grant income
Cost of supplies
GROSS CONTRIBUTION
EXPENSES
Repairs & renewals
Sundry
Wages
Telephone
Refuse removal
Cleaning
Water and Rates
Heat & Light
Services
NET TRADING SURPLUS
Flat Income
NET SURPLUS|**2023**
34,336
4,494
38,830
1,665
11,839
11,839
28,656
2,828
409
20,400
-
-
1,277
807
3,284
1,740
(30,745)
£
(2,089)
9,600
7,511|**2022**
34,492
3,520
38,012
1,022
5,000
9,488
9,488
34,546
8,182
397
17,431
-
-
1,060
380
3,180
1,561
(32,191)
£
2,355
9,600
11,955|**2022**
34,492
3,520
38,012
1,022
5,000
9,488
9,488
34,546
8,182
397
17,431
-
-
1,060
380
3,180
1,561
(32,191)
£
2,355
9,600
11,955| |---|---|---|---| ||||9,600| ||||11,955| This page does not form part of the examined accounts