## **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 2024** **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 2024** ## **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 2024 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 Schools Officer: Jay Lilley (Appointed 12th May 2024) Deanery Synod Rep: Albert Summers (Appointed 12th May 2024) Elected Members Val Burling (Appointed 12th May 2024) Gloria Byatt (Vice Chair) Frank Byatt Janne Cassidy (Resigned 12th May 2024) Pauline Hills (Appointed 12th May 2024) Shirley Phillips 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 2024** ## **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 101 (2023: 107) people registered on the Electoral Roll and there were 67 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 has been assigned to – Terry Gray. We are very grateful to Terry for his help during 2024. Additionally, during the year, the PCC appointed a new Finance Officer, David Vaz, to assist with the day to day operational activity of the accounts work. 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, the Parish Giving Scheme or by whatever means that they have managed to contribute during this past year. Additionally, the PCC installed a card payments machine (Payaz) at the back of the church alongside the introduction of QR codes in some of its regular literature to encourage additional means of giving. We are pleased to report that we have been able to pay our Parish Share in full again this year. During the year, the PCC incurred extra-ordinary expenditure on repairs and redecoration of the hall in order to bring it up to a standard which they would consider to be "fit for purpose". This, together with increased expenditure on The Ship, has had a negative impact on our financial results for the year. Additionally, in 2023 the PCC made the decision to set aside approximately 5% of income to be given away for charitable purposes. As a result, during 2024, the following donations were from unrestricted general funds: |Good News for Everyone|£1,000|Ahava Community|£1,000| |---|---|---|---| |Five Talents|£1,000|Samaritans|£1,000| |Christian Hope International|£1,000|Women's Aid|£1,000| |Salvation Army|£1,000|M N D Association|£1,000| |St Francis Hospice|£1,000|Graceworks|£500| In February 2024, our Youth and Schools Worker, Jay Lilley, began work with us at 30 hours a week. Jay was able to build upon the work he'd already been doing with us through his role with Graceworks since 2022. Our Thursday community youth group now averages about 30 young people each week and we've been able to take them on special outings and a weekend away, and we are seeing greater curiosity in Christian faith with this group. We also have had more consistent meetings with our church youth on Sunday mornings and included them in half term outings. Finally, we've been able to expand our work with schools, focusing on our closest primary school, Rainham Village Primary. We now do frequent assemblies there and welcome multiple year groups for visits to our churches throughout the 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 2024** ## **FINANCIAL REVIEW** Total income on ordinary unrestricted funds was £198,561 (2023 - £196,019), on restricted funds £22,492 (2023 - £343) and £348 (2023 - £349) on endowment funds. The balance of endowment funds as at 31 December 2024 was £17,076 (2023 - £16,354) All three are detailed in the financial statements. Total unrestricted expenditure amounted to £209,251 (2023 - £179,333), this included the church's contribution to the diocesan family purse of £57,179 (2023 - £53,179). The net result for the year was a deficit on unrestricted funds of £10,690 (2023 - surplus £16,686), and a surplus on restricted funds of £762 (2023 deficit - £12). Income for the year on endowment funds amounted to £348 (2023 £349). ## **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 £506,801, however £91,084 of the balance relates to freehold property, which is not a liquid resource, leaving a true balance of £415,717. The restricted funds which had a balance at the year end include the Church Communications Project which stood at £1,678, Church Tower Restoration which stood at £4,446 and the Youth Project at £917. 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 4th May 2025 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 2024** This report on the Accounts of the PCC for the year ended 31 December 2024, 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 2024** |Notes
**Incoming resources**
_Voluntary income_
2a
_Activities for generating funds_
2b
_Income from investments_
2c
_Church activities_
2d
_Other incoming resources_
2e
**Total incoming resources**
**Resources expended**
_Costs of generating voluntary income_
3a
_Fund-raising trading costs_
3b
_Church activities_
3c
_Governance Costs_
3d
**Total resources expended**
**Net incoming/(outgoing) resources**
Other recognised gains/losses
Transfers between funds
_Gains/(losses) on revaluation of fixed assets_
5
_Gains/(losses) on investment assets_
6
**Net movement in funds**
Total funds brought forward at 1 January 2024
**Total funds carried forward at 31 December 2024**|**TOTAL**
TOTAL
Unrestricted
Restricted
Total
**FUNDS**
FUNDS
Funds
Funds
Endowment
**2024**
2023
£
£
**£**
£
107,186
22,106
-
**129,292**
115,885
32,978
-
-
**32,978**
36,461
18,719
386
348
**19,453**
7,443
37,092
-
-
**37,092**
35,672
2,586
-
-
**2,586**
1,249| |---|---| ||198,561
22,492
348
**221,401**
196,711| ||-
-
-
-
-
**-**
-
-
-
-
**-**
-
206,751
21,730
-
**228,481**
177,288
2,500
-
-
**2,500**
2,400| ||209,251
21,730
-
**230,981**
179,688| ||-
10,690
-
762
348
**9,580**
**-**
17,022
-
-
**-**
10
-
9
1
**-**
-
-
-
**-**
-
-
374
**374**
1,385| ||10,700
-
771
723
**9,204**
**-**
18,407| ||517,501
6,270
16,353
**540,124**
521,717
-
-
**506,801**
**7,041**
**17,076**
**530,918**
540,124| Page 6 ## **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 2024** |Notes
**2024**
£
**Fixed assets**
Tangible fixed assets
5
**91,084**
Investments
6
**17,075**
**Total fixed assets**
**108,159**
**Current assets**
Debtors
8
**11,182**
**Short term deposits**
CCLA Deposit 3022058
4,453
CCLA Deposit 3022059
375,595
CCLA Deposit 3022060
2,282
CCLA Deposit 3022061
1,024
CCLA Deposit 3022062
1,678
Current account 8424 Main account
18,347
Current account 5689 Fees
-
Current account 7841 Flat
8,785
Current account 9148 Ship
2,063
Unbanked cash
247
Ship till
378
Cash at bank and in hand
**414,852**
Creditors: amounts falling due within one year
9
**(3,275)**
**Net current assets**
**422,759**
**Total assets less current liabilities**
**530,918**
**NET ASSETS**
**530,918**
**Funds held**
7
**Endowment Funds**
**17,076**
**Restricted funds**
10
**7,041**
**Unrestricted funds**
10
**506,801**
**530,918**|2023
£
89,643
16,354| |---|---| ||105,997
9,204
4,179
357,178
2,142
961
1,575
50,605
796
4,678
5,839
177
220
428,350
(3,426)
434,127| ||540,124| ||540,124| ||16,353
6,270
517,501| ||540,124| Approved by the Parochial Church Council on 4 May 2025 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 2024** ## **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 2024** ## **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
Gift days
Sundry donations and appeals
Income tax recoverable
Grants
Legacies
**b**
_Activities for generating funds_
General fundraising
Ship Sales
Ship Flat rent
Bookstall
**c**
_Investment income_
Dividends and interest
**d**
_Income from Church Activities_
Church hall lettings etc
Fees from weddings etc
Adult education
Messy Church
Coffee bar
**e**
_Other other incoming resources_
Insurance claims
Other income
**Total incoming resources**|**TOTAL**
**TOTAL**
**Unrestricted Restricted**
**Total**
**FUNDS**
**FUNDS**
**Funds**
**Funds**
**Endowments**
**2024**
**2023**
£
£
**£**
£
-
70,770
500
-
**71,270**
66,404
10,040
-
-
**10,040**
14,515
-
-
-
**-**
-
10,143
170
-
**10,313**
14,449
16,233
-
-
**16,233**
16,338
-
21,436
-
**21,436**
4,180
-
-
-
**-**| |---|---| ||107,186
22,106
-
**129,292**
115,885| ||-
50
-
-
**50**
3,167
23,328
-
-
**23,328**
23,694
9,600
-
**9,600**
9,600
-
-
-
**-**| ||32,978
-
-
**32,978**
36,461| ||-
-
18,719
386
348
**19,453**
7,443| ||18,719
386
348
**19,453**
7,443| ||-
-
36,095
-
-
**36,095**
33,922
-
997
-
-
**997**
1,750
-
-
-
**-**
-
-
-
**-**
-
-
-
**-**
-
-
**-**| ||37,092
-
-
**37,092**
35,672| ||-
**-**
1,352
-
-
**1,352**
-
1,234
-
-
**1,234**
1,249| ||2,586
-
-
**2,586**
**1,249**| ||| ||198,561
22,492
348
**221,401**
196,711| Page 9 ## **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 2024** ## **3 Resources expended** |**a**
_Costs of generating voluntary income_
Special appeal costs
Fundraisers
**b**
_Fund-raising trading costs_
Fete costs
Coffee bar
Bookstall
**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
Parish Training & Mission
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**|**Unrestricted**
**Restricted**
**Total**
**FUNDS**
FUNDS
**Funds**
**Funds**
**Endowment**
**2024**
2023
£
**£**
**£**
£
-
-
-
**-**
-
-
-
-
**-**
-
-
-
-
**-**| |---|---| ||-
-
-
**-**
-| ||-
-
-
-
**-**
-
-
-
-
**-**
-
-
-
-
**-**
-| ||-
-
-
**-**
-| ||-
-
-
**-**
-
-
-
-
**-**
-
-
-
**-**
500
3,385
-
-
**3,385**
385
3,000
-
-
**3,000**
50
4,500
-
-
**4,500**
-| ||10,885
-
-
**10,885**
935
57,179
-
-
**57,179**
53,179
2,527
-
-
**2,527**
2,217
56,112
19,009
-
**75,121**
54,159
2,390
-
-
**2,390**
2,313
2,839
-
-
**2,839**
4,543
4,826
-
-
**4,826**
7,515
1,189
-
-
**1,189**
-
118
-
-
**118**
1,277
2,466
-
-
**2,466**
4,065
380
-
**380**
363
205
-
-
**205**
45
-
-
-
**-**
282
513
2,216
-
**2,729**
493
8,773
505
-
**9,278**
9,719
30,271
-
-
**30,271**
15,685
9,940
-
-
**9,940**
6,194
15,360
-
-
**15,360**
13,968
-
-
-
**-**
**-**
778
-
-
**778**
**336**| ||206,751
21,730
-
**228,481**
**177,288**| ||2,500
-
-
**2,500**
**2,400**
-
-
-
**-**
**-**| ||2,500
-
-
**2,500**
**2,400**| ||| ||209,251
**21,730**
-
**230,981**
**180,623**| 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 2024** ## **4 Staff costs** - **4 Staff costs 2024** 2023 **£** £ - **a** _Wages and salaries_ During the year the PCC employed 7 staff (2023: 5) Cost of employment 65,571 53,179 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
Additions
Revaluation
AT the 31st December 2023
**Depreciation**
At 1st January 2024
Provided in the year
Disposals
At the 31st December 2024
**Net book amounts**
**At the 31st December 2024**
At the 31st December 2023
**6 Investments**
Market value 1st January 2024
Disposals at carrying value
Purchases at cost
Net gains and revaluation
**Market value 31st December 2024**|20%
diminishing
balance
20%
diminishing
balance
Freehold
Freehold
Church Hall
Upminster Road
Hall
Ship
**TOTAL**
South
equipment
equipment
£
£
£
£
6,471
82,500
1,680
90,651
2,220
2,220
0
0
0
**0**| |---|---| ||6,471
82,500
1,680
2,220
**92,871**| ||1,008
**1,008**
336
443
**779**
**0**| ||0
1,344
443
**1,787**| ||| ||**6,471**
**82,500**
**336**
**1,777**
**91,084**| ||| ||6,471
82,500
672
0
89,643| ||**Richardson**
**Stoker**
**Tithe Chancel**
**Total**
2,170
1,740
12,444
16,354
0
348
348
50
40
284
374| ||**2,220**
**1,780**
**13,076**
**17,075**| 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 2024** |**7 Analysis of Net assets by fund**
Unrestricted
Restricted
Funds
Funds
£
£
Fixed assets for church use
91,084
Investment fixed assets
Current assets
418,993
7,041
Current liabilities
3,275
-
Long term liabilities
**506,802**
**7,041**
**8 Debtors**
Income tax recoverable
GASDS recoverable
PAYE overpaid
Pensions
**9 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
£
£
91,084
418,993
7,041
3,275
-|Endowment
**Total Funds**
Funds
**2024**
£
**£**
**91,084**
17,075
**17,075**
**426,034**
**3,275**
**-**
**-**| |---|---|---| ||**506,802**
**7,041**|**17,075**
**530,918**| |||**2024**
2023
**£**
£
10,037
**8,932**
963
**247**
70
**-**
112
**24**| |||**11,182**
**9,204**| |||**2024**
2023
**£**
£
**-**
**401**
**50**
**-**
**-**
**100**
**-**
**-**
**725**
**145**
**-**
**280**
**2,500**
**2,500**| |||**3,275**
**3,426**| 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 2024** |**10 Statement of funds**
**Unrestricted Fund**
General fund
Buildings capital
Church hall
Church Restoration
The Ship
Youth Worker
Discretionary Fund
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 2024**
and losses
£
£
£
£
**£**
397,371
124,745
(119,158)
2,010
-
**400,949**
88,971
-
-
-
**88,971**
5,628
34,805
(31,182)
6,000
-
**3,251**
2,142
140
-
-
**2,282**
3,889
38,371
(49,390)
8,000
**870**
10,000
-
-
-
**10,000**
-
500
22
-
-
**478**
9,500
-
9,500
-
-
**-**| |---|---| ||517,501
198,561
209,252
-
10
-
**506,801**| ||1,570
103
-
5
**1,678**
4,052
390
-
4
**4,446**
648
21,998
21,730
-
-
**917**| ||6,270
22,492
21,730
-
9
**7,041**| ||2,170
-
-
50
**2,220**
1,741
-
-
39
**1,780**
12,441
348
-
287
**13,076**| ||16,352
348
-
376
**17,076**| ||| ||540,123
221,401
-230,981
375
**530,918**| ## _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 £103 (2023: £49). ## _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 £390 (2023: £264). ## _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 surplus of £268 (2023 deficit of £325). 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 2024** ## **10 Statement of funds continued Prior Year** |**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**| 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 2024** |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
Gifts and Donations
Telephone
Refuse removal
Flat maintenance including cleaning
Water and Rates
Heat & Light
Services
NET TRADING SURPLUS
Flat Income
NET SURPLUS|**2024**
35,443
2,928
38,371
-
16,138
16,138
22,233
2,480
72
20,938
-
-
-
2,301
870
4,687
1,903
(33,251)
£
(11,018)
9,600
1,418
-|**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|**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| |---|---|---|---| ||||9,600| ||||7,511| This page does not form part of the examined accounts