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2023-12-31-accounts

Great Baddow Team Ministry Diocese of Chelmsford

Parish of Great Baddow, St. Mary the Virgin

Annual Report & Financial Statements of the Parochial Church Council

for the year ended 31 December 2023

Team Rector : Banker : Revd. Canon Tim Ball The Co-operative Bank 62 Longmead Avenue PO Box 250 Great Baddow CM2 7EY Skelmersdale WN8 6WT Team Vicar: Insurer: Revd. Phil Sheldrake Ecclesiastical Insurance Group 124 Beehive Lane Brunswick Road Great Baddow CM2 9SH Gloucester GL1 1JZ Team Vicar: Legal Advisor: Revd. Andrew Greaves-Brown Winckworth Sherwood 17 Ashton Place Arbor, 255 Blackfriars Road Chelmer Village, Chelmsford CM2 6ST London SE1 9AX Team Curate: Architect: Revd. Funmilayo Vaughan Inkpen Downie Architecture & Design Ltd The Rectory 2 Balkerne House, Balkerne Passage 12 Church Street Colchester CO1 1PA Great Baddow CM2 7HZ Associate Minister: Independent Examiner: Revd. Canon Dr Roger Matthews Edmund Carr LLP 42 Riffhams Drive 146 New London Road Great Baddow CM2 7DD Chelmsford

Edmund Carr LLP 146 New London Road Chelmsford CM2 0AW

Address: Church Office, Church Path, High Street, Great Baddow CM2 7HN. Tel: 01245 477501 Email: stmaryschurchoffice@gmail.com

Registered Charity: No. 1127835

Annual Report of the Parochial Church Council of the Parish of Great Baddow, St. Mary the Virgin.

The Parochial Church Council (PCC) present their report together with the financial statements for the year ended 31 December 2023. These have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published on 16 July 2014.

Structure, Governance and Management

The current Great Baddow Team Ministry is formed from the Pastoral Scheme made effective from the 1st January 1988, made under the Pastoral Measure 1983, and the Pastoral Scheme made effective the 1[st] January 2016 under the Mission and Pastoral Measure 2011. The new scheme comprises three parishes, Great Baddow, St. Mary the Virgin, Great Baddow, St. Paul’s, and Great Baddow, Meadgate. This report relates to Great Baddow, St. Mary the Virgin.

The PCC is appointed as set out in the Church Representation Rules. At St. Mary’s the membership of the PCC consists of the Incumbent (Team Rector), the licensed clergy of the Great Baddow Team Ministry, churchwardens, ex-officio members, Deanery Synod representatives and members elected by those members of the congregation who are on the electoral roll. All those who are members of the congregation are encouraged to register on the Electoral Roll and stand for election to the PCC. The Churchwardens are elected at the Annual Meeting of Parishioners and most members of the PCC are elected at the Annual Parochial Church Meeting. There are 12 elected lay members of the PCC including 2 Churchwardens and there are 3 members elected to the Deanery Synod and 1 to Diocesan Synod. The Meeting of Parishioners and Annual Parochial Church Meeting were held on 7[th] May 2023. The PCC members are responsible for making decisions on all matters of general concern and importance to the parish, including decisions on how the funds of the PCC are to be spent.

Aims and Purposes

The PCC has a responsibility to co-operate with the Team Rector and the Team Vicars in promoting within the parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. Its primary object is the promotion of the Gospel of our Lord Jesus Christ according to the doctrines and practices of the Church of England. In addition to the church building, it has maintenance responsibilities for St Mary’s Church Centre (near The Chase), Bell Street Hall in Bell Street and St Mary’s Office in Church Path. The PCC is registered with the Charity Commission at reference 1127835.

Objectives and Activities

The PCC is committed to enabling as many people as possible to worship at St. Mary’s and to become part of the church family. The mission statement for St. Mary’s, agreed in July 2021, that guides the work of the PCC is as follows:

A community worshipping God, following Jesus, sharing his transforming love through the Holy Spirit.

VALUES

To be a welcoming and worshipping community

Church services during the year have continued to be held online most Sundays, as well as in church.

The members of the PCC (Trustees) confirm that they have had due regard to Charity Commission guidance on public benefit when carrying out their duties during the year.

PCC Meetings

The PCC met every other month throughout the year and the Standing Committee of the PCC met in alternate months to the PCC. Cliff Pountney and Helen Willis were appointed Churchwardens at the Meeting of Parishioners on 7[th] May 2023. Numbers attending the services on a Sunday have remained fairly stable throughout the year, but our finances are still in decline following the pandemic.

Promoting the mission of the church and serving the wider community included consideration of the following matters:

Strategic: Mission and Ministry Units ceased to be a Diocesan Strategic initiative following a review of the process by the Bishop of Chelmsford. However, with the sharing of the Revd Andy Greaves-Brown in a half time post for the Baddow Team and a half time post for the Church of Our Saviour, Chelmer Village, close co-operation with our neighbouring church continues to be of advantage, particularly as a team venue for autumn and lent courses of various kinds, joint children’s and youth ministry services and small financial arrangements to help with Parish Share in 2023. The Great Baddow Team have continued to discuss an internal formula for Parish share between the three churches and jointly helped to maintain decoration in the clergy housing. Joint marriage, Confirmation and Baptism preparation, as well as faith sharing courses, have been run. Clergy meet for prayers every weekday morning and have a weekly staff meeting and there is a weekly communications meeting with clergy and administrators.

Finance: Annual reports and accounts for 2023 and budget for 2024; approval of Church Mission Grants 2023.

Buildings & Maintenance : The Church Centre lights have mainly been replaced with LED bulbs and some decorating undertaken, especially in the toilets. An emergency alarm was fitted into the toilets in the church following an incident which occurred. A General Maintenance Day was held in the Autumn.

Policy: Safeguarding policy and training; Annual Health and Safety review

The PCC also received regular reports and recommendations from the various sub-committees, officers and groups of the committee including: Standing Committee, Maintenance Committee, Playschool Committee, Mission Committee, Finance Committee, Safeguarding, Deanery, Diocesan and General Synod meetings and Health & Safety.

Each PCC meeting concludes with a time of sharing ‘Good News’ stories before a time of prayer and during 2023 these included: the encouraging and growing numbers attending events such as Messy Tea, Glitter & Glo and the monthly All-Stage services and the services held at Easter and Christmas. The PCC agreed to donate a tree to the local primary school in commemoration of the Coronation of King Charles III and this was planted in October with several members of the PCC present.

PCC Membership

During the year and at the date of signature the following served on the PCC:

PiC (Team Rector designate):Revd. Canon Timothy Ball PiC (Team Rector designate):Revd. Canon Timothy Ball Chairman
Team Vicar: Revd. Philip Sheldrake
Team Curate: Revd. Funmilayo Vaughan
Associate Minister: Revd Canon Dr Roger Matthews
Churchwardens: Cliff Pountney Vice Chairman
Helen Willis
Lay representative on Diocesan Synod:
Gill Ball
Lay representatives on Deanery Synod:
Gill Ball
Roy Bartholomew
Anna Cann
Elected Lay members: Elizabeth Kerby
 Treasurer
John Ansell
Claire Fuller
Cliff Pountney Vice Chairman
Helen Willis Secretary
Caroline Saunders
Anne Heath
Fiona Scott
Elaine Fisher
Dot Cumming

Financial Review

The principles of stewardship and commitment to giving continue to be promoted across the congregations and the levels of giving achieved by church members reflect a degree of sacrificial giving by many individuals. A detailed report of the finances is set out in the annual accounts for 2023. During the year the parish supported the work of the diocese by paying in full its Parish Share of £105,058. The PCC has adopted a Financial Control Policy and the internal financial controls have been reviewed during 2023 by the Finance and Giving Committee on behalf of the PCC.

Reserves Policy

Offerings are normally received in an even flow, such that expenditure can be met as it arises, but due to the impact of increased inflationary pressures there was a deficit in 2023 of £19,851 (2022 deficit £19,835) on general unrestricted funds and an overall deficit across all funds of £18,233 (2022 deficit £14,966). This includes a deficit in the St Mary’s Playschool for the first time of £393 (2022 surplus £2,630). The overall deficit will be met from Reserves. In addition to our regular income it is the policy of this Church to hold financial reserves the equivalent of three months general running costs, including salaries. It is also our policy to hold an amount for likely building repairs in the near future in

a separate Fabric Fund. We may also hold monies at appropriate times for known future expenditure or donations as agreed by the PCC.

At 31st December 2023 funds totalled £213,003 of which £37,139 were general unrestricted funds. In addition to this, £33,399 is currently held in reserve in the designated Fabric fund to cover repair work to the church buildings, the funds to be used as agreed by the PCC.

The Playschool reserves policy is to retain at least three months expenditure to cover salary costs and the additional funds are held for the cost of future developments (including e.g. new furniture), fluctuations in future numbers and increased staff costs due to minimum wage and pension rule changes.

This policy, and the amount held in Reserve, will be reviewed and agreed by the PCC annually.

Risk Management

The PCC seeks to ensure that risks are identified and managed through annual review of insurance, health and safety, buildings repair and maintenance, safeguarding and regular reporting to the PCC. The PCC implemented a data protection process to ensure compliance with GDPR requirements. The PCC continue to implement the new National Safeguarding Policy of the Church of England.

This report was approved by the Parochial Church Council of Great Baddow, St. Mary at its meeting on ……………………..2024 and signed on its behalf by: 15 April

Tim Ball

……………………………………..

The Revd Canon Tim Ball

Chairman

Independent Examiner's Report to the Trustees of The Parochial Church Council of the Ecclesiastical Parish of Great Baddow, St Mary The Virgin

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2023 which comprise the statement of financial activities, the balance sheet and related notes.

Responsibilities and basis of report

As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of 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 the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

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:

  1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. 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 a ‘true and fair view’ which is not a matter 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 this report in order to enable a proper understanding of the accounts to be reached.

Colin Barker

………………………

Colin Barker FCA

Edmund Carr LLP 146 New London Road Chelmsford CM2 0AW

24 April 2024

…………………..

Great Baddow, St Mary the Virgin PCC

STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 December 2023

Note
INCOME from
Donations and legacies
2a
Fundraising activities
2b
Investments
2c
Church activities
2d
Other
2e
TOTAL INCOME
EXPENDITURE on
Church activities
3a
Fundraising costs
3b
Support costs
3c
TOTAL EXPENDITURE
Net gains on investments
NET INCOME/(EXPENDITURE)
Transfers between funds
13
NET MOVEMENT IN FUNDS
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 UNRESTRICTED
FUNDS
148,308
5,866
2,562
14,748
3,894
175,379
201,914
-
1,937
203,851
-
(28,472)
10,670
(17,802)
92,297
74,495		 RESTRICTED
ENDOWMENT
FUNDS
FUND
2,544
-
3,030
-
2,089
-
157,648
-
-
-
165,310
-
155,290
-
438
-
-
-
155,728
-
-
656
9,582
656
(10,670)
-
(1,088)
656
131,797
7,143
130,709
7,799		 TOTAL FUNDS
2023
2022
150,852
151,173
8,896
10,539
4,651
1,492
172,396
173,064
3,894
3,412
340,689
339,680
357,204
351,434
438
554
1,937
1,730
359,579
353,718
656
(928)
(18,233)
(14,967)
-
-
(18,233)
(14,967)
231,237
246,203
213,003
231,237

Great Baddow, St Mary the Virgin PCC

Balance Sheet at 31 December 2023

UNRESTRICTED RESTRICTED RESTRICTED ENDOWMENT TOTAL FUNDS TOTAL FUNDS
FUNDS FUNDS FUND 2023 2022
Note
FIXED ASSETS
Tangible fixed assets 4a 6,000 - - 6,000 6,000
Investment assets 4b - - 7,799 7,799 7,143
6,000 - 7,799 13,799 13,143
CURRENT ASSETS
Debtors 7 4,478 2,089 - 6,567 4,129
Short term deposits 78,031 - 114,124 - - 192,155 161,992
Cash at bank / in hand 10,211 15,139 - 25,350 78,294
92,721 131,351 - 224,072 244,415
LIABILITIES:
Creditors falling due within one year 8 (24,225) (642) - (24,867) (26,321)
NET CURRENT ASSETS 68,495 130,709 - 199,204 218,094
NET ASSETS 74,495 130,709 7,799 213,003 231,237
FUNDS
Unrestricted 2/10 74,495 - - 74,495 92,297
Restricted 2/9 - 130,709 - 130,709 131,797
Endowment 4b - - 7,799 7,799 7,143
TOTAL FUNDS 74,495 130,709 7,799 213,003 231,237

Approved by the Parochial Church Council on …....................... 2024 and signed on its behalf by: 15 April

…............................................ The Revd Canon Tim Ball Chairman

…............................................ Elizabeth Podd Treasurer

1. ACCOUNTING POLICIES

The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 together with the Statement of Recommended Practice applicable to charities preparing their accounts under the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) issued on 16 July 2014) and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2019. They have been prepared under the historical cost convention except for the valuation of investment assets, which are shown at market value.

The accounts (financial statements) have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The presentation currency is £ sterling.

The PCC meets the definition of a public benefit entity under FRS102.

Fixed assets

Church Hall buildings

Both the Church Centre and the Bell Street Hall are valued in the balance sheet at cost.

Investments

Investments are valued at their market value at 31st December.

Consecrated property and movable church furnishings

Consecrated and benefice property is excluded from the financial statements by s.10(2)(a) of the Charities Act 2011.

Movable church furnishings held by the Rector and Churchwardens on special trust for the PCC, and which require a faculty for disposal, are accounted for as inalienable property unless consecrated. They are listed in the church’s’ inventory (which can be inspected at any reasonable time on appointment). For inalienable property acquired prior to 2001 there is insufficient cost information available and therefore such assets are not valued in these accounts. Any items acquired since 1st January 2001 have been capitalised and depreciated in the accounts over their currently anticipated useful economic life (initially over 20 years) on a straight-line basis.

All expenditure incurred in the year on consecrated or benefice buildings, any individual items under £2,000 or the cost of repairs to movable church furnishings acquired before 1 January 2001 is written off.

Other fixtures, fittings and equipment

Equipment used within the church premises is depreciated on a straight line basis over 4 years. Individual items with a purchase price of £2,000 or less are written off when the asset is acquired.

Current assets

Amounts owing to the PCC at 31st December in respect of fees, rents or other income are shown as debtors less provision for amounts that may prove uncollectible. Short-term deposits include cash held on deposit either with the Central Board of Finance or at the bank.

Current liabilities

Creditors are shown at their settlement amount.

Funds

General funds are those which are not subject to any restrictions regarding their use and are available for the PCC’s general purposes. Funds designated for a particular use by the PCC itself are also unrestricted. Restricted funds are those which must be spent on restricted purposes and details of the funds & their restrictions are in Note 9. Endowment funds , where the capital must be retained, are set out in Note 4b.

The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the financial statements of church groups that owe their main affiliation to another body nor those that are informal gatherings of church members. They do not include certain minor funds each amounting to less than £350.

Income

Voluntary income and capital sources

Collections are recognised when received by or on behalf of the PCC.

Planned giving receivable under Gift Aid is recognised when received. Tax recoverable on Gift Aid donations is recognised when the donation is recognised.

Grants and legacies are accounted for when the PCC is notified of its legal entitlement, its ultimate receipt is reasonably certain and the amount due is quantifiable.

Funds raised by fund raising events are accounted for gross. Sale of books and magazines from the church bookstall are accounted for gross.

Rental income from the letting of property

This is recognised when the rental is due.

Income from investments

Dividends and interest are accounted for when receivable.

Gains and losses on investments

Realised gains or losses are recognised when investments are sold. Unrealised gains or losses are accounted for on revaluation of investments at 31st December.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably.

Grants

Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC.

Church Activities

The diocesan parish share is accounted for when due. Any amount unpaid at 31st December is provided for in these financial statements as an operational (though not a legal) liability and is shown as a creditor in the Balance Sheet.

Great Baddow, St Mary the Virgin PCC

Note
2
INCOME from
2a
Donations and legacies
Planned giving
Gift aid donations
Gift aid recoverable
Other donations
Open-plate collections
Sundry donations
Grants
Legacies(see Note 14)
2b
Fundraising activities
Fund-raising events
Use of church halls - non-church purposes
2c
Investment income
Interest and dividends
2d
Income from church activities
Use of church & church halls - church purposes
Fees (weddings, funerals etc)
Outreach activities
2e
Other income
Sundries
TOTAL INCOME
TOTAL EXPENDITURE
Net gains on investments
NET INCOME/(EXPENDITURE)
TRANSFERS- provisions for future
Toddlers Church Centre contribution - see note 13
Playschool Church Centre contribution - see note 13
Coffee pot contribution to church costs - see note 13
NET MOVEMENT IN FUNDS
Funds brought forward
Funds carried forward		 General
Fund
Fabric
Other
Fund
Funds
note 10
83,189
-
-
23,546
-
-
23,975
-
-
6,486
-
6,112
-
-
-
-
-
5,000
-
-
148,308
-
-
392
-
-
5,474
-
-
5,866
-
-
1,513
934
115
-
-
-
13,492
-
-
1,256
-
-
14,748
-
-
3,894
-
-
174,330
934
115
203,851
-
-
-
-
-
(29,521)
934
115
-
-
-
8,870
1,000
-
800
-
-
-
-
-
(19,851)
1,934
115
56,990
31,465
3,842
37,139
33,399
3,957
UNRESTRICTED
Designated		 RESTRICTED FUNDS
Play
Toddler
Coffee
Mid-
Bells
Audio
Lands
school
Group
Pot
Africa
repair
Visual
Charity
Concern
systems
-
-
-
1,020
-
-
-
-
-
-
146
-
-
-
-
-
-
1,378
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
2,544
-
-
-
255
-
-
2,774
-
-
-
-
-
-
-
-
-
-
255
-
-
2,774
-
-
-
1,981
98
-
-
5
5
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
154,311
1,508
1,829
-
-
-
-
154,311
1,508
1,829
-
-
-
-
-
-
-
-
-
-
-
156,547
1,606
1,829
5,318
5
5
-
147,445
811
687
6,785
-
-
-
-
-
-
-
-
-
656
9,102
795
1,142
(1,467)
5
5
656
375
(375)
-
-
-
-
-
(9,870)
-
-
-
-
-
-
-
(800)
-
-
-
-
-
-
-
-
-
-
(393)
420
342
(1,467)
5
5
656
119,099
4,122
2,154
6,109
159
154
7,143
118,706
4,542
2,496
4,642
164
159
7,799
ENDOWMENT		 2023
84,209
23,692
25,353
6,486
6,112
-
5,000
150,852
3,422
5,474
8,896
4,651
-
13,492
158,904
172,396
3,894
340,689
359,579
656
(18,233)
-
-
-
-
(18,233)
231,237
213,003
TOTAL		 2022
95,725
24,853
16,805
5,786
8,004
-
-
151,173
6,258
4,281
10,539
1,492
6,170
18,197
148,697
173,064
3,412
339,680
353,718
(928)
(14,966)
-
-
-
-
(14,966)
246,203
231,237
FUNDS

Great Baddow, St Mary the Virgin PCC Notes to the financial statements

Note
3
EXPENDITURE on
3a
Church activities
Missionary & charitable giving:(see Note 11)
Church overseas
- missionary societies
- relief & development agencies
Home missions & other societies
Secular charities
Ministry: Parish Share
Clergy expenses
Rector's Personal Assistant
Church running costs
Church maintenance
Upkeep of services
Church administration
Children's and Youth work
Other Training & Mission
Church Halls' running costs
Outreach Groups
Rectory Maintenance
Wedding and Funeral Expenditure
3b
Fundraising costs
Sundry fund-raising
3c
Support costs
Independent Examiner's fee
TOTAL EXPENDITURE		 UNRESTRICTED
General
Fund
Fabric
Other
Fund
Funds
(note 10)
5,040
-
-
3,919
-
-
8,475
-
-
260
-
-
17,694
-
-
105,058
-
-
2,126
-
-
4,826
-
-
14,504
-
-
4,222
-
-
1,851
-
-
20,788
-
-
394
-
-
-
-
-
17,840
-
-
294
-
-
875
-
-
11,443
-
-
201,914
-
-
-
-
-
-
-
-
1,937
-
-
1,937
-
-
203,851
-
-
Designated		 RESTRICTED FUNDS
Mid -
Audio
Play
Toddler
Coffee
Africa
Bells
Visual
school
Group
Pot
Concern
Repair
systems
-
-
-
-
-
-
-
-
-
6,729
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
6,729
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
128,106
-
-
-
-
-
-
-
-
-
-
-
18,957
-
-
-
-
-
811
687
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
147,063
811
687
6,729
-
-
382
-
-
56
-
-
382
-
-
56
-
-
-
-
-
-
-
-
-
-
-
-
-
-
147,445
811
687
6,785
-
-		 TOTAL FUNDS
2023
2022
5,040
5,106
10,649
7,915
8,475
8,622
260
169
24,424
21,812
105,058
106,077
2,126
1,272
4,826
4,704
14,504
9,725
4,222
4,231
1,851
3,450
20,788
28,876
128,500
140,729
-
-
36,797
15,307
1,792
1,141
875
-
11,443
14,111
357,204
351,434
438
554
438
554
1,937
1,730
1,937
1,730
359,579
353,718

Notes to the financial statements for the year ended 31 December 2023 (cont'd)

Great Baddow, St Mary the Virgin PCC

FIXED ASSETS

Note Freehold land

4a Tangible fixed assets & buildings

St Mary's Church

Cost
At 1. 1. 2023
At 31. 12. 2023
Depreciation
At 1. 1. 2023
At 31. 12. 2023
Net book value
At 31. 12. 2023
At 1. 1. 2023		 6,000
This consecrated building is not owned by the PCC so it is not included in these accounts.
Its insurance value (current loss limit) in 2023 was £13,300,000 plus £3,330,000 for the Churc
6,000
-
The following properties are owned and both are used for church purposes:-
St Mary's Church Centre
-
Original cost in 1967 £5,500 (Insurance value (Current Loss Limit) £6,650,000)
6,000
Bell Street Hall
6,000
Original cost in 1955 £500 (Insurance value (Current Loss Limit) £3,330,000)

This consecrated building is not owned by the PCC so it is not included in these accounts. Its insurance value (current loss limit) in 2023 was £13,300,000 plus £3,330,000 for the Church Office.

Endowment fund:

The Great Baddow Church Lands Charity funds are invested with the Charities Official Investment Fund. Their market value is £7,799 (2022 £7,143) Whilst the capital must be held as permanent endowment, the annual income can be used for any expenses related to church repairs.

5
STAFF COSTS
Wages and salaries
Social security costs
Pension Contributions		 2023
147,338
1,656
1,563
150,556		 2022
141,809
1,015
2,042
144,866

St. Mary's Church employed on a part-time basis an Office Administrator/Rector's Secretary and Playschool staff.

The average number of employees on a headcount basis in the year was 16.8 (2022: 15.5) and on a full-time equivalent basis: 6.3 (2022: 4.08 ).

6 PAYMENTS TO TRUSTEES

In addition to clergy expenses paid to Rev Tim Ball (note 3a Clergy expenses), John Ansell was paid £412 (2022 - £534) for funeral & wedding fees as sound desk operator and verger. No other remuneration was paid to Trustees during the year.

7
DEBTORS
Gift Aid recoverable
Other debtors
8
CREDITORS - due within 1 Year
For goods / services
Prepayment of fees		 2023
1,859
4,708
6,567
24,225
642
24,867		 2022
2,300
1,829
4,129
(2023 Unrestricted £4,478, Restricted £2,089, 2022: Unrestricted £4,129, Restricted £0)
3,750
22,571
26,321
(2023 Unrestricted £24,225, restricted £642, 2022: Unrestricted £5,510 and Playschool £20,811 )

Notes to the financial statements for the year ended 31 December 2023 (cont'd)

Great Baddow, St Mary the Virgin PCC

Note

9 RESTRICTED FUNDS

The Playschool & Toddler Group cater for young children.

Coffee Pot is a drop-in centre open to all on Wednesday mornings.

Mid-Africa Concern gathers together goods for sending via parcels and containers to East Africa, primarily to schools and hospitals. The Audio/Visual Systems Fund comprises donations to cover repairs and additions to the systems in church. The Bells Repair Fund holds money which the bellringers have set aside for bells maintenance from their wedding fees.

10 UNRESTRICTED FUNDS (Designated by PCC)

(These monies can be transferred to the PCC's general funds at any time should the PCC so desire.)

----- Start of picture text -----
Ordination & Total
other training
Brought forward 3,842 3,842
Donation - -
Utilised in year - -
Donation to Church from sales - -
Interest 115 115
Carried forward 3,957 3,957
----- End of picture text -----

12 INDEPENDENT EXAMINER

The accounts include Independent Examiner's fees of £1,937 (2022 - £1,730)

13 TRANSFERS - other than for use of Halls.

The transfers were:

14 LEGACIES

Church centre 2019
2021 Church deficit
2022 Church deficit
2023 Church deficit
2023 legacy from H A Marsh
2020 Church deficit due to Coronavirus
2015 unrestricted legacies received
2019 Donation to Meadgate church for
purchase of The Orchards
Jim Hymas unrestricted legacy to 2009
Expenditure 2009 - 2018		 £
114,612
(103,017)
(7,889)
-
-
-
-
-
-
-
3,706		 £
-
-
-
100,250
(25,000)
(26,868)
(9,034)
(19,835)
(19,851)
5,000
4,662

11 MISSIONARY & CHARITABLE GIVING

Overseas Missions
Church Mission Society (CMS)
Church Mission Society (KB)
St Andrew's College Kenya, Bishop's Lent Appeal
Langham Partnership (East Africa)
Overseas Relief
Mid-Africa Concern (MAC)
TEAR Fund
Home Missions & Societies
C A D E F - Made for More
CHESS Homeless
Children's Society
Church Pastoral Aid Society (CPAS)
CPAS (Falcon Camps)
Gifts to parishioners - funded by Great Baddow Charities
Prison Fellowship
Scripture Union (SU)
SU (West Runton Camps)
Foodbank
Secular Charities
Earl Haig Fund (Remembrance Poppy Fund)
Total Missionary & Charitable Giving		 Church
Funds
1,260
2,706
200
874
5,040
1,378
1,760
3,138
1,140
1,090
874
1,340
570
300
870
570
570
720
8,044
-
-
16,222		 -
-
-
-
-
-
781
781
-
-
431
-
-
-
-
-
-
-
431
260
260
1,472
Donations
& Gift Aid		 Total
1,260
2,706
200
874
5,040
1,378
2,541
3,919
1,140
1,090
1,305
1,340
570
300
870
570
570
720
8,475
260
260
17,694