I[SMW
Charity Commission No. 1128009
Annual Report and Financial Statements of the Parochial
Church Council of the Ecclesiastical Parish of St Michael & All
Angels, Westcliff on Sea
for the year ended 31st December 2023
Priest-in-charge:
Revd. Tom Loh
Bank:
Barclays Bank: Registered Office- I Churchill Place, London E14 5HP
Independent Examiner:
J P Francis FCA, 1386, London Road, Leigh-on-sea SS9 2UJ
Our Mission.. To love God wholeheartedly,. to love others and help them to follow Jesus
Christ
Page I

Foreword
As I reflect on the last few years l am ovenvhelmed with gratitude and amazement to see all the Lord has done
through th¢m. It rcally is incrcdibl¢. Hundr¢ds of famili¢s hav¢ b¢cn rcachcd with thc gospcl and our church
1% bu.8tling with young families. This C.hri8tmas was our busiest ever. Three hundred people turned up to our
Carols by Candlelight service and over four hundred children and parents attended our Christmas Eve
Christingle. What a celebration of how good God has been to us, and the wonderful efforts of Sam and Teresa.
We will miss them enorn]ously and give thanks for all they've done.
The coming year for St Michael's will be a year of change as we say goodbye to Sam and Teresa from our
staff team. As we look fonvard to 2024 my prayer is that we don't spend all our time looking back at the good
old days, but to look fonvard to the bright future of where Jesus is leading us. Sam and Teresa have laid
amazing foundations with our children and youth, and now is the tiine to build on it. Firstly, it has been a joy
to see members of the congregation step up to keep things going in the absence of Sam and Teresa. A big
thank you to those leaders and teams. However, we will need to make new appointments to the staff team if
our current outreach and ministries are to be sustained and grown. We are living in a time when church
attendance, especially for those under 18, is at an all-time low in our nation, therefore, I think it is vilal to keep
investing in OUT children and young people.
A challenge for us all
I would love to be able to announce that we are replacing both Sam and Teresa. However, the reality of our
church finances means that we are not currently in a position to do that. At present we can afford one member
of staff, but given rising cosls, bills, and a recent reduction in congregalional giving, we cannot afford two.
Our ability to pay for staff, and the entire running costs of St Michael's is completely reliant on the giving of
our church family. There is no outside fi￿dIng from the Church of England that supports us. Therefore, at
present, we need to raise an additional £30,000 a year if we are to have both a youth worker and a children's
worker. There are further financial needs of the church, not least a recent and significant increase in our Parish
Share. However, for now my priority is to make sure we can invest properly in our children and families.
These numbeTS can Sound bi&J and scary, but we need to remember we're in thi5 tOgFether, and if we all play a
small part, big things can happcnl If l 00 mcmbcrs of our congrcgation gavc an cxtra £6.25 a wcck (£25 a
month), we could afford to appoint a Children and Families worker and a Youth worker. For .8ome of u% this
is too big an ask, for others it might be achievable, and for some it might be they could afford more. All l ask
is that we be in this logether. If you'd like lo know more ofhow to give regularly lo the church, or make a one-
off donation, please visit our website.. hii s.'/lwww.smw.cliurchl
ivin
We will be talking inore about giving
at cliurch in the weeks to come.
Youth Pastor
Until we raise enough finances to support two members of staff, we will as a church be moving fonvard with
making one appointment. With the budget we have l am planning to advertise for a full-time Youth Pastor as
soon as possible. My hope and prayer over the next years is to see a thriving generation of young people
following Christ and breathing new life into the church. Thanks to the work of Teresa and Sam, we already
have a budding and growing youth group at church, and over the next two years at least twenty of our children
will be moving-up to youth. We also have a number of young adults in their early 20s who are growing in
Christ and becomillg new leaders in our church. This is tremendously excitillg, and we want to make Sure all
our youth and young adults are supported in their discipleship. It is also my hope that the evening service will
become one focused on young, people, providingJ them with opportunities to worship, fellowship and seLVe.
In making this decision please don't imagine that our children's ministries are less important. Appointing a
ncw Childrcn and Familics Workcr is critical to our ministy hcrc at St Michacl's. As soon as wc rcach our
giving goal of £30,000 a year, we will make this appointment. We can do thisl
Other thingJs to look foTward to in 20241
Page 2

9am and 10.45am services
On Janu¢lry the 28th we will be launchingJ our new 9am service. This service will be sligJhtly more traditional
and will have cominunion on the 2nd, 4th and 5th Sundays of the month. There's already between 20-30 people
who have cornrnitted to thi5 service, and I believe il will enhance our offerin&J al St Michael's for those in our
parish who likc an carlicr start and apprcciatc a morc traditional and rcflcctivc scrvicc. It will havc a mixture
of organ/instrum¢ntal worship. hymns and modern songs.
This means that the l 0.30 service will be moving to l 0.45aTn from the 28th Jan. to allow time between the
services. The 10.45am service will remain a family service with Sunday Club and Youth AM. It will continue
to have a contemporary wor%hip feel, with room for interce.8%ions, kid% glots, testimonie%, and a good preach.
First Sunday Lunch will continue on the first Sunday of the month after the 10.45am service. The first one
will be the 4th of February.
Youth and young adults
During 2024 I'd love to see us provide more ministries for this age group. Some early ideas are ceiitred around
the evening service and whether we can develop a youth gathering after the service for fellowship and
discipleship. Revitalize and Wednesday Youth will continue, and Sam has worked hard to build the team to
ensure this will continue to run (and develop!) this coming year.
Music and worship
One of S¢lTll'S gTrLatest legJacies with us will be how he has developed our worship team. We feel so ble55ed to
have seen so many new singers, musicians and leaders developed, and we are confident that our services will
continue to be full of joyful song and worship. But Sam leaves a big hole, so please be praying for the current
team, led by Craig, as they navigate without him.
Children and Families
With Teresa no longer Wlth Us, the Sunday Club Team have been working hard to plan the next three inonths,
and we're pleased to say Sunday Club will run as nonnal. Tliere are also plans to see which of the Family Fun
days and Holiday Clubs we can run this year. Our hope is to keep as much going as possible. The Thursday
toddler group will also be running, but we're always happy to receive more volunteers for this, or any other
children and youth rninistries.
The Network
ThingTS to watch for and pray about across the netWOTk. We'd love to see a network internship scheme
developed in the Autumn of 2024 to develop new people in ministry, as well as build upun network events
such as Biblical Foundations. Prcaching Days, Praycr for tlic City, Bclchamps and Rcvitalizc.
Church planting never remains on the back burneT but is still at the heart of our network. With Nick Pucenot
havingJ successfully completed his curacy and been sigJned off by the Bishop, we're excited to see how God
might use him, either to plant locally, or take a post further afield. Either way we'Te excited for Nick, Scirah
and the family's future. Though Nick has been signed off, he has the next 18 months to discern his next post.
It's bccn a joy working with Nick and I know many of us havc bccn blcsscd by his ministy, not Icast thc
young adults whom Nick and Sarah have been discipling.
What an exciting year ahead! Even thoiigh there's change and ¢hallenge, let us not lose focus ()n the gloTiOUS
On¢ who watcli¢s ovcr cach onc of us, and our church, thc Lord Jcsus Christ. Hc is thc grcat priz¢, and thc
Shepherd of our daily lives. Because Jesu8 h&8 given everything of Flimself, we lack nothing we truly need.
With Him, our future is always brighter and more glorious than it is today.
Tom Loh
Priest-in-charge
January 2024
Page 3

The Parochial Church Council of the Ecclesiastical Parish of
St. Michael & All Angels, Westcliff-on-sea
Aims & Purposes
The St Michael and All Angels PCC, Westcliff has the respon.8ibility of Co-operating with th¢ Priest-in-charg¢,
in promoting within the ecclesiastical parish, the whole mission of the church, pastoral, evangelistic, social
and ecuinenical. It also has maintenance responsibililies for ihe Church, the Church Centre, Church Hall and
35 Femleigh Drive.
The PCC is committed to enabling as many people as possible to worship at OUT church and to become part of
our parish community. The PCC maintains an overview of the Church's activities with the aim of involving
as many people from within our parish as possible. In doing so, the PCC has considered the Commission's
guidance on public benefit.
Objectives
St Michael'5 is a lovingJ evangJelical fellowship within the Church of England and offers a wam) welcome to
all who visit our church. It is our vision-
To see St Michael's full twice on Sundays.
To make ready the church buildings for the next generation.
To partner with St John's and the wider church in winning Southend for Jesus.
Structure, governance and management
Charitable Status
The PCC is a b()dy corporate governed by the PCC Powers Measure 1956 and the Church Representation
Rules 2020 and is a charity registered with The Charity Commission.
PCC Representatives
The PCC representatives are responsible for rnaking decisions on matters of general concern and importance
to the parish including deciding on how the funds of the PCC are to be spent. Whilst the appointment of
PCC Representatives is detemiined in accordance with the Parochial Church Council Procedures, it is the
aim to ensure that its members have a broad experience in all aspects of Church life.
PCC Membership
M¢mb¢r% of th¢ PCC are either ex officio or elected by the Annual Parochial Church Meeting (APCM) in
accordance with the Church Representation Rules.
During the year the following served as members of the PCC:
Priest-in-¢harge and PCC Chairman: Revd. Tom Loh
Curate: Revd. Nick Pucenot
Wardens: Dr Gill Holrnes & Mr M Simmonds
Representatii'es on the General Synod
Mr Richard Brown
Representatives on the Deanery Synod
Mr M Simmonds
Page 4

Elected Lay Representatives {as at 31 D¢¢einb¢r 2023)
Mr Alan Prosser (Treasurer)
Ms Grace Forrai
Mr Peter Thomas
Mr Ben Wylie
Mrs Josie Osborne
Mrs Shirley Park
Mr Doug Whiting
Mrs June Clipsham
Mrs Wendy Gould
Mrs Emma Robinson
Mr Kay KufoTijI
Committees and Teams
Given its wide responsibilities, the PCC has a number of committees and teams each dealing with a particular
aspect of parish life.
Standing Committee
A sub-committee of the PCC which meets when necessary to conduct Urgent business between PCC meetings
or to plan the agenda for the next PCC.
The Premises Team
To facilitate the Church's aims and objectives, it 15 important to maintain the fabTiC of the Church and the
Church Centre. The Premises Team is responsible for the maintenance and stewardship of the fabric of the
Church Centre, 35 Fen)leigh Drive, and the Church. The Church refurbishment Group continued to consider
options for refurbishing the Church in lineq with Tom'% vision.
The Mission Partnership Team
Th¢ Mission Teain m¢¢ts when requir¢d to d¢al with r¢qu¢sts for money for chariti¢s and mak¢s
rccommendalion% to the PCC with rcgard to matters of Mission at home and ov¢rs¢as. Ensur¢s m¢aningful
links arc inainlaincd wid] link missionari¢s.
The Community and Outreach Team
M¢cls whcn¢vcr required io hclp plan and action the varying outreach events and strategies for the church
including Alpha courscs. Coinmunity cvcnts, and social action.
The Pastoral Team
Working with the Priest in Charge and the Ministry Tearn, the Pastoral Team meets occasionally when
required to deal with matters pastoral including visiting, care of church members who do not belong to any
small gTOUPS, and the Emergency Prayer Chain.
Reports
2023 Deanery Synod Report
Southend Deanery Synod is a meeting of all the Clergy, and elected lay representatives, from all 14 Anglican
churches in the Southend area. Two inembers of the PCC sit on the deanery synod. This provides the PCC
with an important link between the parish and the wider structures of the church.
2023 Church Wardens Fabric Report
Church heating - the new boilers enabled the church to stay comfortably warm at the start of the year.
However. in June it appeared we had a considerable water leak from an old pipe under the flagstones in the
Lady Chapel. One leak became two and further work was needed to replace pipework. It took until the end of
the year tor the job to be completed. Thanktully we have been able to reclaim some of the cost from our
insurers.
Page 5

A length of fencing was replaced along the path on the north side of the church aT]d fencing around the
preschool gJarden to provide better security.
Maintenance in the church hall included: cleaning and some tollch-up painting. replacement of light tubes, a
fan replacement in the gas heater and a new hand-dryer.
Due to waler leaking from the hand basins in the children's toilets in the hall, damp was damaging the adjacent
hall wall. A need was highlighted that the children's toilets needed a complete refurbishment, particularly if
wc plan to incrcasc thc hall Icttings. Quotcs wcrc sought for tlic work.
All outdoor garden furniture was repainted as well as the garden shed.
The PCC away-day discussed how the plans for the church refurbishrnent supported Tom's vision for making
the church building ready for the next generation. The PCC have agreed in principle to-
R¢build the ¢han¢¢l platforn], raising it slightly, con¢¢aling hazardous wir¢s and r¢¢ary)¢ting.
R¢pla¢¢ the floor cov¢rtng which is ¢ra¢king badly.
Redecorate the inside of the church, updating and improving the lighting and sound.
Replace the wooden church chairs so that all chairs are stackable to allow for multiple uses of the
church building, and to ensure we have sufficient seats, as the church grows.
To build an extension to accommodate new toilet facilities.
We have continued to meet with Chris Betts, our church appointed architect, who is advising us on process
and design. We have also met with Archdeacon Mike, who was very positive and excited about our
refurbishment plans and encouraged us lo begin the process of acquiring all the pern]issions necessary for
church iinprovement.
A big thank you to the premises team for their support and hard work throughout the year. Also, thanks to
Doug Whiting for his help and expertise in navigating us through our insurance claim and sharing his
knowledge of church refurbishrnent.
Dr Gill Holmes
Chureh Warden
2023 Electoral Roll as at 31st December
During 2023 there were 10 additions and l O deletions to the Electoral Roll meaning there was no overall
change during the year.
There has been one sad loss from the Roll through death (Mary Fry}. l also note that the other 9 members
who have asked to be removed from the St Michael's Roll have moved to other churches.
The number of members on the St Michael's Electoral Roll at 31 st December 2023 Stood at 152 {152 at
31112122). Of these, 55 were resident in the parish and 97 were non-resident.
Richard Vcrrindcr
Electoral Roll Officer
Page 6

Average Sunday Services Attendance 2019-2023
Church attendance averages over weekly services in January and November for each of the last five years.
Numbers for 2020 and 2021 were affected by Covid restrictions.
Adults
120
195
140
205
January
Children
42
44
43
Livestream views
127
Adiilts
214
180*
191
196
November
Children
62
48*
47
54
Livestream views
135
49
mean average to exclude Reinenibrance Sunday.
Festivall Outreach Services
Adult%
142
162
211
L()ekdown,
figures not
availablc
208
Mothering Sunday
Children
68
38
53
Livestream views
83
33
Adult%
152
170
259
318
Easter Sunday
Childrcn
63
19
64
Livestream views
216
67
23
Adu115
165
70
182
225
208
Harvest Sunday
Children
86
Lockdown,
restricted
numbe
49
70
Livestream views
34
23
Adulis
210
211
198
Reinembrance
Sunday
292
Children
108
70
70
LiVeStre￿n views
129
15
Page 7

Christmas Services
Adults
171
71
157
137
Toy setvice
Christingle
223
Children
96
Lockdown,
restricted
nunibers
48
63
Livestream views
53
23
Adults
223
179
158
237
Carols by
candlelight
CanLelled
by
lockdow]
Children
34
24
50
Livcstrcam vicws
Adults
215
84
156
249
Crib Service
Children
148
50
97
155
Livcstrcam vicws
Adults
75
79
84
Christmas Eve
Midnight
Cancelled
by
lockdow]
65
Children
Livestream views
Adults
124
38
50
114
90
Children
47
10
18
29
30
Christtnag Day
Lockdown,
restricted
numbers
Livestream views
Page 8

Financial Review of 2023
Note.. As in previous years, the onulysis below is boNed ort St. MiLhoel's FY2023 aeeourtts dycludi
impoct of eonsolidalion ofst. Miehuel's Pre-school. Trk,hieh is eovered ipt more delail ot the end of the
Review. Reporled eomporulive 2622 nunlbers included impael of ihefinal trunNuelEonsfor the St John's
ChurLh Plant (Ihe 'CP Fund ) on Si. Miehael's aeeounis - the commentary below dxeludes these ilemN.
Ihe
After the 'busy' financial year seen in 2022 (which included (i) material 'exceptional' costs relating to
replacement of the church boiler (and associated works). (li) investment in infrastrncture and administrationl
systems to address the pace and scale of church growth), 2023 was broadly stable in financial tenns. However,
H2 saw a marked reduction in regular giving following a relatively strong start to the year.
Income received on unrestricted funds reduced slightly to £237,069 (FY22- £239,790), with a decline in cash
collections and regular income sUPPOrted by ad hoc donalions, incl. specific donations to 5UPPOrt mission
giving (see below) and towards the 'Build My ChuTch' fundraising project (where Income/ related expenses
are recorded separately in a designatedfynd- the Build My Church Fund ('BMC Fund,) - ,see below. Gift
Aid ('GA') tax recoveries on regJular gyivingl eligsible donations provided income of £24,813 (FY22: £26,111).
Revenues ftoin halll church centre bookings were lower at £19,887 (FY22'. £23,113), with improved rates
offset by lower booking numbers. Givii)g from weekly cash collections fell inaterially to £6,421 (FY22:
£9,037), supplemeiited by general donations made via the Contactless payment machine. Receipts from
Stewardshipl CAF/ Charlties Trust donations (all tax-etyicient alternatives to the GA scheme) increased further
to £23,376 (FY22'. £21,773). Rental income (gross) received from the Fernleigh Drive investment property
was lower at £18,045 (FY22: £19,775), caused by Writing off £1,695 of unrecovered 2022 Tent arrears from
the previous tenninated GF tenancy. Tlie total value of individual pledged contributions to support the
Children & Families Worker ('CFW') position
nlil 2022 reporled via a seporale reslricled Fund (now
closed) - reduced further to £6,410 (FY22.. £7,936).
2022 Intomo (% by ¢•trfory)
2023 Incom• (% by c•t¥ory)
Jx
Total expenditure to provide the Christian ministry of St. Michael & All Angels Church (excludin
Pre-school,
CP Fund-related expensesl transfers and asset depreciation charges) reduced materially to £255,816 (FY22=
£300,924}, mainly due to no repeat of the exceptional spending on the boiler replacement project in late 2022
(where total costs were c.£79,800, incl. consultant/ feasibility reports and associated works}- as demonstydled
in ihe pie chayls beloiv. 2023 saw a large uplift in Parish Share payments (see below), expected higher staff
salaries/ expenses {caused by timing issues arising from enforced switch of St Michael's payroll arrangements
from Chelmsford Diocese to an 'external' provider in Apr-23, such that 13 payrolls were paid during the 12-
month period), and higher cleaning and energy cost5 (reflecting increased wholesale energy rates and
withdrawal of government support for 2023). FY23 numbers were again affected by income and expenses
relating to the Belchamps church weekend - a joint event held first in Jiily 2022 with our 'network' churches,
St John's and Christchurch where St Michael's was again rc5ponsible for all financial arrangements. N'ole..
Overall, Belchamps 2023 made a nei de]icit of £616 (shared heth.een ihe 3 nenvork churches).
Page 9

2022 Exp•ndStyr• (% by e&tqory)
2023 Exp•ndltur• {% by c•t•wy)
7X
Ix
ius
The charts above show the profile/ main contributors (based on 0/0 of total by category} to total Income and
total Expenditure
excludin
Pre School and the Church Plant), comparing 2023 against 2022- in particular,
the Expcnditure chart highlights the impacl of the exccptional spcnding on the boiler replacement in FY22.
St. Michael's received annual rentl service charge and additional contributions to heatingl cleaning of £ I 1,000
from St. Michael's Pre-school (increased from £9,000 received in each year from 2020-22).
Build My Church Fund (the 'BMC Fund,)
To support fund-raising efforts to￿,ardS the church Tefurbishment project, a new designated fund was
established Mar-22 to monitor ad hoc donations Teceived and net receipts from specific fund-raising events
held {incl. related costs incU￿ed). All related income/ expenses are applied to a designated fund, the Build My
Church Fund ('BMC Fund,). As at FYE Dcc-23, aftcr a rclL1tivcly quict ycar for fund-raising cvcnts, thc BMC
Fund had aeeuinulated a net balance of £8,011 (Dec-22'. £6,333).
Church Weekend Fund
As a joint initiative between the 3 'network' churches, St Michael's, St John's and Christchurch, a second
weekend evei)t was held at Belchamps Scout Canip in Hockley, Essex in early Jul-23. As in 2022, all financial
arrangeinents for the event were inanaged through the St Michael's bank account using the existing designated
Church Weekeiid Fund. After fees received and expenses incu￿ed, Belchamps 2023 incurred a net deficit of
c.£616 (Belchamps 2022.. £29 deficit)
as before, this was shared across the 3 network churches. Nule..
Another Belchamps iveekend is scheduledfor Jtsly 2024. Si Michael's will again take the leadforfinancing
arrangements (with any netprofit or deficit arising to be shared equolly amongst the 3 netw'ork churches).
Revitalize Capital Fund (new)
'Revitalize' is a termly event for secondary school-aged children/ youth within the Southend area, which has
been held on a rotational basis since November 2022 across the 3 network chiirches (St Michael's, St John's,
Southend and Christchurch, Southend). Tn support of this outreach project, a one-off donation of £2,000 was
received by St Michael's from 'Love Southend, in Mar-23, to fulld equipment and other capital resources. To
manage these shared monie5, a new Restricted ￿nd, the 'Revitaliie Capital Fund, was CTeated within St
Michael's accountingJ arrangTemenls. During 2023, £125 was spent on a smoke machine for use at ￿ture events,
leaving an outstanding, balance of £1,875 at FYE Dec-23.
FY23 Net result and Closing cash position
St. Michael's reported an overall con%olidated net Income/ Expenditure deficit of £7,892 for 2023 (FY22:
£44,737 deficit). Eliminating the net deficit of £214 generated by the St Miehael's Pre-school (see below), on
a slandalone basis St. Michael's saw a FY23 net defiLil of £7,678 (FY22: £58,226 nei deficit- mainly cau.ged
by material spending on the boiler replacement project). Note: After aceounting for £67,500 of recognized
non-cash gains on the latest revaluation of the Fernleigh Drive investment property (Aug-23 - see below), total
consolidated Balance Sheet net assets increased to c.£1.31 million (Dec-22: c.£1.25 million).
Page 10

Out of total consolidated Balance Sheet cash at banks and in hand of £165,115 at FYE 31 Dec-23 (reduced
from £173,465 at Dec-22), Pre-school controlled cashl bank balances (which are not available for use by St
Michael's Church) accounted for £89,918 (Dec-22: £89,630). This left £75,197 as cash available for Cliurch
use {Dec-22.. £83,835) - the cosh rediielion muinlji refleets deloyed reeeipl (into eorly Jan-24) of £7,200
insurance nlonies relating to eos'lN incttrredfor investigation and repair ofcenlral heaiingpipes in Q4 2023.
Parish Share contribution
Following the material increase in St Michael's 2023 Parish Share allocation to £109,314 (+116 % on the 2022
allocation, following the change of calculation methodology by Chelmsford Diocese}, St. Michael's paid a
total of £60,000 in monthly instalments over the course of 2023 (FY22- £50,630}. PCC decided not to make
additional 'top-up' payments, based on reduced affordabilityl other financial challenges (including a marked
reduction in regular giving during H2 2023 - see above). Parish Share calculationsl allocations are desiglled
to reflect the 'true' cost of clergy serving at St Michael's, related expenses (incl. housing costsl expenses) and
an assumed shaTe of Diocese trainingl admin and other central costs (using a matrix based on relative
deprivation of parishes across the Diocese).
Note- Allocated 2024 Share calculation for St Michael's increased again to £1 12,064 (+2.5 % on the 2022
allocation}, remaining well beyond ihe reach of St Michael's (based on the prevailingy income/ expenses profile
at end 2023). A5 in 2023, after due considerationl discussion, St Michael's and its 'network' churches (St.
John's and Christchurch) fund their Tespective Parish Share allocations on a joint/ combined basis, with St
John's and Christchurch coveringT a material part of the shortfall for Si Michael's. Ab a consequence, St
Michdel's PCC committed to Pay initldl 2024 Share contributions of £66,000 (+ l O % on 2023) and to consider
paying additional ainounts as 'top ups, towards thc allocatcd Sharc. if dccmcd to bc affordablc by PCC, ncar
the end of 2024. PCC Mjill Rpzake thi.g judgement ha.yed on progre.s.g made M.'Ith ipzcretLgipzg regular giving and
.ftaff appoipztment.Y/ other material change.f that may take place with Si Michael .Y ]inancial requirements/
.fituation during iheyear.
Mission supportl other giving
During the yecir PCC passed on special collections and agreed additional donations and gifts totaling £7,360
(from £9,553 in 2022) to a range of Christian ministries and charities. The majority of St. Michciel's annual
Inission giving is nornlally agreed as an allocation from general funds after consideration by the PCC (based
upon recommendations made by the Mi%sion Team). Although no PCC allocations weTe made in 2023 (FY22..
£6,000), duc to prcssurcs on St Michacl's rcgular incoinc in H2, PCC had agrccdl paid £500 to Fricnds of
Marsabit ?￿d £200 to Open Doors earlier in the year, liiiked to guest speaker vi.8lts. Since Sep-21, St Michael's
provides regular monthly financial support as part of the partnership with Sollthend CAP Debt Advice Centre
£1,200 per annum. In June 2023 Si Michael's fonvarded a further £3,000 to Gary & Karen Cedeno (a
missionary family working with indigenous tribes in Ecllador), raised froin personal donations received from
several meinbers of the congregation, to enable them to Purchase a 4WD vehicle. Other applications for
support are considered on an ad hoc basis as they are received. In June 2023 PCC agreed to pay £1,800 towards
the initial funding required by Hannah Dear to pursue her 2-year posting with Operation Mobilisation ('OM')
this was supplemented by £328 raised from a plant sale. Nole.. FuriheR- infop-malion on groups s'upported by
Si Michael's. can befound on the Mis'sion information board. Special collections were passed on to The
Childrens, Society (the Smarties tube collection) - £302 in 2023 (£69 in FY22).
Reserves policy
Cash surplus to immediate requirements is invested in St. Michaels-designated deposit accounts held with the
CBF Church of England Deposit Fund ('CBF'), via CCLA, which invests funds in ethical investments (in line
with the policies of the Church of England Ethical Investment Advisory Group ('EIAG') and offers a slightly
higher rate of interest ihan traditional high street banks, with comparable security of deposit.
St. Michael's unrestricted General Fund cash reserves decreased to £55,678 at Dec-23 (Dec-22'. £70,11 I). pcc
considers that a minimum of two months, average expenditure from the General Fund, estimated at £15,000,
should be retained as standby liquidity in the main Barclays bank account, to cover any unforeseeii iiicoine
fluctuations.
Page JI

In addition, St. Michael's had £13,855 at Dec-23 (increased from £8,279 at Dec-22) set aside as an unrestricted
Fabric Fund to meet potential inajor capital spending arising from 5-yearly ('quinquennial') inspections by
Diocesan surveyors. The most recent inspection was conipleted in Jun-21 (delayed from 2020 due to the
Covid-19 outbreak) and was generally positive on the condition of St. Michael's fabric/ buildings - related
costs were not material.
PCC regularly reviews the level of reserves to ensure that s￿￿t¢lent funds are held to meet its contractual
commitments and those arising from other obligations.
Anticipated major capital projectsl Church refurbishment
PCC {guid¢d by th¢ PCC-appoint¢d Church R¢fuTbishment Group, 'CRG') is Continuing to ¢xplor¢ a numb¢r
of prioriti¢%l proj¢¢t% in lin¢ wilh the long-t¢m) vi.sion for St. Micha¢l's building (lo ready the church for futur¢
generations). This project is being gupported by a prograinme of proactive fund-raiging, recorded via the
designated Build My Church Fund ('BMC Fund,) - see above. However, in view of the anticipated material
nature/ cost of some of these ideas/ proposals, this will require further uplift in the level of regular giving and
one-offl occasional donations and is likely to also require discussion regarding the long-terni strategy for the
Fernleigh Drive investment property.
Fernleigh Drive
St. Michael's owns the Freehold interest in an investrnent property at 35 Femleigh Drive - this was originally
purchased in the 1950s to house clergy but is now arranged as 2 self-contained flats and provides affordable
Tented accommodation within the parish. Valued at £175,000 in 2005, the property has been re-valued at
Tegular intervals. As part of wider-ranging PCC discussions over the future ownershipl use of Femleigh Drive,
a detailed professional survey/ updated valuation was undertaken in Aug-23, which valued the property (based
on existing tenancies in place} at £565,000 (up from £497,500 at ihe previous valualion iii 2018), bringing
cumulative unrealised gains on revaluation since 2005 to £390,000). A designated Building Fund reserve of
£5,466 (Dec-22- £5,226) is set aside to cover minor repairs and improvements. During 2023, c.£560 (FY22-
£3,200) was spent on various works to repairl improve facilities at the Fernleigh Drive property, in addition
to costs inCu￿ed for updated property valuations, other professional reports and legal expenses relating to the
regJistration of the Freehold interest with HM Land RegJistry (HMLR) - these amounts were all funded frotn
gJeneral fund5.
Nole.. Since Sep-17 all matlers relaling to Fernleigh Drive, incl. lenanev arrangements, rent collection, legal/
health & safeljj obligations and general maintenance/repairs (within Pcc-defined spending thresholds). are
managed on behalf of PCC under a professional properljj managemenl contracl wilh specialist commercial
property managers (Hopson 's), in exchangefor agreed managemenifees/expenses.
Children & Families Worker (CFW)
Teresa Bridgwater was appointed to this full-time position in Dec-16, Wlth related salaryl pension costs and
incurred expenses covered mainly by pledged monthlyl annual financial contributions from a group of c.25
church members (incl. GA tax recoveries thereon), 'topped-up' by an allocated portion of net annual rents
Teceived from the Fernleigh Drive investment property. These weTe initially recorded separately within the
Accounts in a restricted fund - the 'CFW Fund, but, following a material reduction in the level of pledged
contributions {arising mainly from departures to the St John's CP effective from Jan-21) and with the cost of
subsequent paid roles {eg Church Administrators/ Youth & Worship Leader) being met from general ￿nds,
separate reporting of the CF W Fund ceased with the 2021 Accounts. Total CFW salary/ pensions and incU￿ed
expenses in FY23 were £33,744 (FY22.. £28,938) - all met from general funds. Note.. Teresa resigned as
CFWfrom Dec-23 to return to work in healthLare/ nursing. PCC will continue to Yeview options for
supporting ministries with young children andfamilies (subjecl to availability offunding).
Church Administrator
Costs/ expenses a%sociated with this part-lime position cuntinue to be met from general funds - £10,71 O for
FY23 (FY22.' £9,698). Note.. FnllnwiFzg Wendy Gould .g reÉiremeF2t in Sei)-23, the Admini.ftrator role i.Y now
upzdertaken by Bridgit Coulipzg only (ai?POEnted in Nov-21), ba.fed .%lightly inLrea.%ed hoiir.f.
Page 12

Youth and Worship Leader
Sam Plank was employed as full-tiine Youth & Worship Leader from Sep-20, to provide a focus to St
Michael's suiig worship/ band, in recognition of the significant growth seen in the number of children attending
St. Michael's on a regular basis and in anticipation of a related increase in the size of our teenage groups going
fonvard. Total salaryl pensions and incurred expenses in FY23 were £30,451 (FY22: £28,367). Note.. Sam
resigned in early Jan-24 to take-up a new role at a church in Twiekenham. PCC is looking to employ a new
You¢h Pastor- any related costs/dYpenses will be metfrom generalfunds.
Church Coordinator (new)
Effectivefroin Jan-24 Sarah Pucenoi has been appointed under a short-lerm (6 months) contract lo underlake
a range of duties to establish and improve co-ordinalion of adniinislrativc/ governance and other activilies
for the Church. Costs/aYpenses associaled with thispart-tinieposilion will also be meifrom generalfunds.
St. Mi¢hael's Pre-school
As in previou5 years, financial accounts for St. Michael's Pre School are consolidated with those of the Church
and have a material impact on the overall reported figFures. However, Pre-school bank accounts dre operdted
independently from those of the Church and nianageinenl of the Pre-school (including staff contracts/ liability
insurance) is uiidertaken by a dedicated coinmitlee (comprising staff meinbers and parents, chaired by Tom
Loh (as Incumbent), plus one churchwarden and 2 other representatives from St. Michael's congregation).
During 2023, total Pre-school receipts were higher at £175,709 {FY22.. £162,067), including Nursery
Education grants of £126,301 (FY22= £102,508), Fees Receivable of £46,716 (FY22-. £56,977) and Other
Income of £2,692 (FY22.. £2,582), including fund-raising events and bank interest. Total expenditure also
increased to £175,923 (FY22.. £148,578), including inter alia £128,130 of salariesl staff costs (FY22=
£121,247}, £11,000 (increased from £9,000 in FY22) of rentl service charges paid to St. Michael's (to
contribute to the costs of running the Church Hall), general admin costs of £6,366 (FY22.. £3,618), equipment
purchasedl repaired of £18,822 (FY22.. £Nil}, fundraising costs of £3,040 (FY22- £3,104) and asset
depreciation charges of £276 (FY22.. £110).
Pre-school gyenerated a small net deficit of Income.. Expenditlwe of £214 {FY22.. £13,489 net SU
Alan Prosser- Treasurer
22. March 2024
Page J3

St. Michael & All .4n
el$ Westclift'_on-Se
for the
ear cndcd 31st Dcccmbcr 21123
Statement of FinAn¢ial Activities
Thls Year
Total
Last Year
Total
Desi
nated Endowment
Restricted Unrestricted
Income and endowments from".
Donations and legacies
InLoine fiom chaiitable activities
Other incurne
Invest]nents
Total Incotne
10,640
2,0(10
175,787
181,027
21,486
2.519
21,392
226,424
19.3,667
197,273
2,519
21,722
415,181
191,523
206,485
3.049
21.072
422,129
3?5
178,112
10,640
Expenditure on".
Expenditure on charitable activities
Other expenditure
Raising funds
Total Expendlture
8,594
12
165.249
276
236,227
7,510
5,205
248.942
410,070
7,798
5,205
423,073
450,903
10,570
5,393
466,866
8,606
165.525
Net income l {expenditure) resources before
transfer
2,034
12,587 (
22,5181 (
7,892) 1
44,737)
Transfers
Ciro%s transfcrs bctwccn fund8- in
Gross transfers bettveen funds- out
Other recognised gains / losses
Net moi'cmcnt in funds
50
I I,(x)o) I
16,000
5,0001 (
67,500
16,050
16,050) 1
67,500
59,608 (
76,917
76,917)
501 {
2,034 {
451
.637
44,737)
Total funds brought forward
8,440
147
91,147
1,148,123
1,247,857
1392,594
Total funds carried forward
10,474
102
92,784
1,2114,lOS
I J07,46S
1,247,8S7
Representeil by
Designated
Build My Churcl) Fund {BMC Fund)
Hall Chairs Fund
Church Weekend Fulld
Toddler Fund
8011
320
1,374
769
8,011
320
1,374
769
6,333
320
1,440
347
Endowment
Easter Lillies Fund
102
102
147
Restrlcted
Flower5 {Floral Guild)
Pre School Fund
Revitalize Capital Fund
197
90,712
1,875
197
90,712
1,875
221
90,926
Unrestricted
Building Fund (35 FD}
Fabric Fund
General fund
5,466
13,855
1.184,784
5,466
13,855
1,184,784
5,226
8,279
1.134,618
10,474
102
92,784
1,204.105
1.307,465
1347,857
Pagc 14

St. Michael & All An
els Westclirr-on-sea
for thc car cnded 31st Dcecmbcr 2023
Anal sls of Ineome and e¥
endlture
Thi5 YeAr
Total
Last Year
Total
Designated EndoTrvmeDt
Restricted
Unrestricted
Income
Donation5 and legacies
Collections
FWO Bank SO
Gift Aid UN RST Donations
Gift Aid UN RST Tax Repaid
Stew'ardshiplCAF Donations
CFW InLome- Pledged Incvme
Toddler Group Incoine
Special Collections
Sundry Donations {incl. BMC. Fund,
Holiday Club and other events)
Sundry Receipts
Chiirch Weekend Income
6,421
12,328
83,262
24,676
23,376
6,410
6,421
12,328
3,762
24.814
23,376
6,410
529
9,037
13,805
85,613
26,111
21,773
7,936
347
1,910
500
138
529
501
501
1,052
2,000
12,227
15.279
15.888
11,826
11.826
8,421
193,667
1,991
7,112
191,523
8,421
10,640
Total Donatlons and Icg#eles
Inetsme from charitable activities
2,000
181.027
C.P Fund- SDF Grant Funding
Pre School (irants Recd
FloweTS IFGuildl
Hall Receipts
Pre School Incorne
20.110
102,508
159
23,113
59,530
1,065
126,301
404
126,301
404
19,887
19,887
49,082
1,599
49,082
Clergy Fe¢s received
1,599
Total Ineome from eharitable aetiwities
175,787
21,486
197,273
206,485
Other income
Hall Solar Panel Credit
TotAI Other income
Investments
2,-f19
2,519
2,519
2,519
3,049
3,049
35 FD Rents Lower Flat
35 FD Rcnts Uppcr Flat
CBF Interest Fabri¢
CBF Interebt tieneral
CBF Interest Building
CBF Interest Stibbaid
Bank BPA Interest
Intere%t from HMRC
Pr¢ School Bank Intcr¢st
Total Investments
Total Incnme
8,505
9,540
576
2,295
240
8,505
9,540
576
2.295
240
10,235
9,540
382
780
68
195
41
195
41
325
21,722
41S,181
32
325
325
1711,112
30
21J92
226,424
21,072
422,129
10,640
Page J5

St. Michael & All .4n
el$ Westclift'_on-,Se
for the
ear cndcd 31st Dcccmbcr 21123
This Year
Total
Last Year
Total
Designated Endowm¢nt
Restricted
Unrestricted
Expenses
Expenditure charitable activities
Ex￿rnal Giving Mission
Diocese Quota
CleTgy Costs (Vicar)
Church In%urance
Church Light & Heat
Church Cleaning Mirl
Church Repairs and Improvements
Cledninsl expenseb
Church Phone/ Broadband
7,360
60,000
963
3,745
16,685
1,005
23,897
14,443
880
7,360
60,000
963
3,745
16,685
1.005
23,897
14,443
880
9,553
50,63
645
3,570
15.205
1.187
91,091
13,409
429
72
Church Water
77
77
Church OITi¢c Costs
Organ repairs
Outreach
CFW Outrt&Lh
Youth Worker Outreach
4,313
176
2,432
2,087
1,034
4,313
176
2,432
2.087
1.034
107
3,661
175
3,673
2,233
305
Toddler Group Expenses
Worship Expcnsc
Staff Training
CFIV Expenses
Adn)inistrator
Youth & W015hip Leader costs
Church Weekend Expenses
CP Fund- Salarie% & Pen%ions
H311 Light & Heat
Hall Phone
Hall Repaiis and Maintenance
Hall Insurance
Hall Water
Pre School Expenses
Fli)wcr8 IFGI Expcnsc
Membership Subscriptions
Sundry Church Costs
Garden Expenbeb
Total ExpeThditure on eh#ritable aetivitits
Other expenditure
Bank chai.syes lincl. ContilCtle5s fees)
Music Copyright
Accountancy
Depreciation Church Fixtures & Fiiting
Deprecidtion Pre School Equip
Depreciation AVI IT Equipment
DepTeciation Solar Panels
Tvt#l Other expenditure
Raising funds
35 FD Expenses
Total Raising funds
Total Expenses
Mov¢meTht in year
107
704
704
299
145
33,744
10,710
30,451
145
33.744
10,710
30,451
8,487
28,938
9,698
28,367
7,141
20,110
4.714
47
5,148
2,325
106
139,468
547
1,582
6,494
63
8,487
6,859
6,859
12
3,049
2,464
142
3.049
2,464
142
164,646
478
1.893
6.807
276
164,646
47
1,893
6,682
276
125
8,594
165,249
236,227
410,070
450,903
617
1,322
3,236
629
1,322
3,236
498
1,103
2,605
276
276
2,183
I i(}
2,183
3,92U
10,570
2,183
12
276
7,510
7,798
5,205
8,606
165,525
248,942
423,073
466,866
2,034
12,5117 1
22,518) (
7,892) 1
44,737)
Page 16

St. ￿liChael & All An
els We$tcliff-on-Se4
for thc
'car ended 31st Dcccmber 2023
Fund movement b t
This Year
Total
Last Year
Total
Designated
Endowment
Restricted
Unrestricted
Balances brought foThard
8,440
147
91,147
1,148,123
1,247,857
1,292,594
Movement in year
2,034
12.587
22,518} (
7,89211
44,737}
Gross transfers between funds- In
Easter lillies
Hall rent receivable from Pre School
50
50
11,000
5,000
16,050
50
9.000
9,247
18,297
I I,(x)o
5,000
16,(100
PCC Allocation0 oth¢r Adjustm¢nts
50
Gross transfers between funds- out
Easter lillies
Hall rent receivable from Pre School
PCC Allocationsl other Adjustmet]ts
50)
5011
11,000} I
5,00011
16,0501 (
50}
9,000}
9,247)
18,297)
I I,000}
5,000) 1
5,000) (
50) (
11,000) (
Other re¢ogni5ed goin$ I I05se5
RcvJluation
Balances carried forward
67,500
1.204,105
67,500
I J07,46S
l U.474
92.784
1,247.857
Page 17

St. Michael & All An
els Westclitl'_on-5e
for thc
ear cnded 31st Deccmbcr 2U23
Balance sheet
Total funds
Prior year funds
Fixed Asset
Tangible assets
Freehold Land & Buildings
FuTnituie & Equipnient
Investment property
Pre School Equipment
Total Tangible assets
563.924
2.482
565,0(N)
829
1.132,235
563,924
4,816
497,500
328
1,066.568
Current A55ets
Cash at bank and in hand
Debtvis
Net current assets
165.112
14,457
179,569
173,465
10,069
183,534
Current Llabllitles
Total Credltors: #mounts falling due wlthln one year
Net eurrent assets (liabilities)
4,339
2,245
2,245
181.289
175,230
Total assets less current liabilities
I J07,465
1.107,465
1,247,857
.247,¥57
Total net assets less liabilities
Represented by
Designated
Build My Church Fund (BMC Fund)
Hall Chairs Fund
c.hurch Weekend Fund
Toddler Fund
8,011
320
1,374
769
6,333
320
1,440
347
Endowment
Easter Lillies Fund
102
147
Restricted
Flowcrs (Floral Guild)
Pre School Fund
Revitalize Capital Fund
197
90,712
1,875
221
90,926
Unrestrieted
Building Fund135 FDI
Fabric Fund
Gcncral fund
5,466
13.855
1,184.784
5,226
8,279
1,134,618
I J07,465
1,247,857
Page 18

St. Michael & All An
els West¢liff-on-Sea
for thc i'car ended 31st December 2023
Statement of assets and liabilities
This Year
Total
Last Year
Total
Designated
Endowment Restricted Unrestricted
Fixed Asset
Freehold Land & Buildings
Building5 Hall
ViLarage Garden
RS Building
RS Architect Fees
RS Building Fcc
Total Freehold Land & Buildings
Furniture & Equipment
AVI LT Equipment- cost
AVI IT Equipment- depreciation
Chuich fixtuies & fittings - cost
Church fjxtures & fittings - depre¢iation
Total FllrDiture & Equipment
Ini'estment property
-35 Fernleigh Drive
Total Investment prop¢rt)'
Pre School Equipment
Pre School Equipt
Pre School Equip Acc Depn
Total Pre School Equipment
Solar Panels
Solar Panels Cost
Solar Panel Depn
TotAI Solar Panels
Total Fixed Asset
Cash at bank and in hand
CBF General Fund
CBF Buildillg Fund135FD)
CBF Fabric Fund (Church)
CBF Stibbard Fund
Barclays C.A BPA
Barclays Premium Acc
Barc Flowers (FG)
Pre School Chk Ac
Pre School Dep Ac
Prc School Ca%h
Total Cash #t bank And in hand
Current Assets
Sundry t)ebtors
Pre School Debiors
Total Current Assets
250,000
5,650
273,988
19,238
15,048
563,924
250,000
5,650
273,988
19,238
15,048
563,924
250,000
5,650
273,988
19,238
563,924
10.915
8,7321 1
10,915
8,732} {
10,915
6,5491
12,882) 1 12,882} (
2,482
2,482
12,7311
4.816
565,000
565,000
565,000
$65,000
497,500
497,500
12,710
12,710
11,933
11,6051
328
829
829
39,164
39,164
39.1641 1 39,164} {
39,164
39,1641
829
1,111.406
1.1.12,235 1,066,568
52,434
5,464
13,855
52,434
5,464
13,855
102
500
2,642
197
52.254
37,217
447
165,112
50,139
5,225
8,278
147
500
19,325
221
52,565
36,891
174
173,465
102
500
9,704)
10,471
1.875 (
197
52,254
37,217
447
91,990
10,471
102
62,549
13.954
13,954
503
14,457
8,500
1,569
10,069
503
503
13,954
Net current assets
Current Liabilities
Prc School Crcditor.
A¢cnial
Total Current Liabilities
Total Creditors: amouTht5 falling due withi
one )'ear
Total net assets (liabilities)
10,471
102
92,493
179,569
1¥3.534
538
538
3,801
4,339
601
1,644
2,245
3,801
3,801
538
3,801
1,21H,108
4,339
1,307,465
1,913
1,247,857
10,471
102
92,784
Puge Jg

St. Michael & All An
els Ivestcliff-on-sea
for thc
car ended 31st Dcccmber 2023
Notes to the Financial Statements
Accountin
Policie5
Basis of preparatlon
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance
with the Charities SORP {FRS 1021 'Accounting and Reporting by Charities= Statement of Recommended Practice
applicable to charities preparing their a¢coun(s in accordance with the Financial Reporting Standard applicable in the UK
and the RepubliL of Ireland (FRS 102) (effeLtive l January 20151',FinanLial Reporting Standard 102 'The FinanLial
Reptsilin¥ Slandaid applicable in Ihe UK aiid Republic uf Ireland, and the Chaiilies Acl 2011 #nd Charities ALI 2022. The
finai)Lial stattTllents hai'¢ been prepared undei the historical cost convention with the exception of investinents which are
included at niarket N'alue, as modified by the revaluation of ceilain assets.
Finaneial reporting standard 102- reduced di5c105ure exemptions
The charity has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted
by FRS I()2 'Thc Financial Standard applicablc in thc UK and R¢public of IT¢land':
The requirement of Section 7 Starement of Cash FIL)WS.
Taxatlon
The Lharity is exempt froin tax in its charitable activitieb.
b)
Funds
General funds represent the funds of the PCC that are noi subject to any restriciions regarding their use and are available on
appliLation for the geiieral purposes of the PCC. Funds designated for a particular purpose by the PCC are also unrestricted.
The accounts inclllde all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the
accounts of church groups that owc thcir main atTiliation to anothcr body, nor tho%c that arc informal gathcring% of Church
members.
Scparat¢ a￿ountS of th¢ Pr¢ School arc availabl¢, bllt undcr th¢ Chariti¢s Act 2011, th¢ organisation is r¢gard¢d as b¢ing
undcr thc control of thc PCC and thc fjgurcs arc con80lidatcd in thc main church accounts on a linc by linc ba%is.
IDcomingF Re50urce5
Voluiitd
income Hnd ca
ital source5
Collectioiis are reco¥Fiiised wheii received by or on behalf of the PCC.
Planned giving receivable under covenants is recognised only when iEceiN'ed.
Income tax recoverable on covenants or gift aid donations is recognised when the income is recognised.
Grants and legacies to the PCL are accounted for as soon as the PCL is notified of its legal entitlement, the amount due is
quantifiable and its ultimate receipt by the PCC is reasonably certain.
Fund5 raised by tlie bazaar, fetes, garden parties and similar event5 are accounted for gr05s. Sales of books and magazines
from the church bookstall are accounted for gross.
Other ordina
inLome
Rental incoTne froin ihe leiting of church premises is recognised when ihe rental is due.
EndoMThent fvnd income
Investment income on the endownent fund is restricted to the purposes of that fund and recognized when received.
Income from investments
Interest entitlements are accounted for as they ale received.
Gain5 and losses on inyesttnent
Realised gains and losses on investinents are recognised when investments are sold.
Unr¢alis¢d gains or loss¢s account¢d for on rcvaluation of invcstmcnts at 31 D¢¢¢mbcr.
Pagc 20

St. Michael & All An
els Westcliff-on-sea
for thc
ear ended 31st Dcccmber 2023
d)
Resourees Used
Cost5 of
eneTatin
funds
These incliide the cost5 of any fi]nd-raising activities and maintenance costs of the investment property.
Gtants
Gidrit5 and donatiot15 are accounted for when paid oyer, or when awarded, if that award creates a binding obligation on the
pcc.
Activities directl relalin
lo the work o£ihe c.hurch
The dinccsan pari%h sharc iq accnuntcd for whcn paid. Prc Scho￿] cxpcnditurc ]% includcd Ls a Church i)lltrcach prnjcct.
GovernanLe costs
These represent the cost involved in runnin¥ and staffing the church office. The independent exaininer has kindly waived
his entitlenient to any fees.
Fixed As$ets
Consetyrated land and buildin
s and moveable church furnishin
Consecrated and benefice property is excluded from the accounts by s.96(2lla) of the Charities Act 2011.
No value is placed on moveable church ￿rnishingS held by the chllrchM•rdens on special trust for the PCC., which require a
faculty for disposal and which thc PCC con%idcr8 to bc inalicnablc propcrty, sincc insiifficicnt co%t Inforn￿tion is a￿'alIablC
to value %uch asqets in the accounts.
All cxpcnditurc incurrcd during thc ycar on consc¢ratcd or b¢ncfi¢¢d buildings, individual itcms undcr £1,000 or on thc
repair of moveable church furniqhings acquired is written off.
Tan
ible fixed assets and de
reciation
The tsethold Iund (￿d buildings Lurnprised the LhurLh hLtll and gTounds Situated at Leigh Ruad.
The original l)all building was Included at a PCC estimated value of £250,000 to which should be added the cost of the
extensiot] of £313.924.
No depreciation is provided For on freehold land, nor on pemvdnent buildings because tlie PCC take the view that these
as5et5 liave a very lon¥ useful life, are expected to maintain their value, and have suffered no in)pairment duTin¥ the yeai.
Depreciation is provided for on all other tangible fjxed assets at the following annual rates in order io write off each asset
over lis estimated useful life=
Church Fixtures & Fittings
Audio-visuav IT Equipment
Pre School Equipment
Solar Panels
25 % on a reducing balance
20°/o on a sttui¥Fht liiie basis
25,70 on a reducing balance
IOQ/o on a straI￿t line basis
Cost5 IncU￿ed in 5ettlTlgF up a kitclien at the back of tl)e churcli at a cost of £22,900 were reflected in the income &
expenditure account following a discussions and decision by the PCC it] 2018.
Individual items uf equiprnent with a purch(Ibe PTice of £1,000 ur lesb ￿TittEn off when the ib aLquirtd.
InvestJnent
Invc%tmcnts arc valucd at market valuc at 31 Dcccmbcr, %ubjcct to pcriodic rcvicw. Thc invc%tmcnt propcrty ]% valucd a% a
Single unit, rather than as separate flats, on grounds of prudence.
ro
Since Septeinber 2017 tnanagement of the investtnent property has been undertaken under the tenlls of a profeSsiot￿l
contract with a firjn of indcpcndet]t residential property snanagers.
Page 21

St. Michael & All An
els Ivestcliff-on-sea
for thc
ear endcd 31st Dcccmber 2023
Current assets
Amounts owin¥ ￿t 31 Decanber in rebpect uf fees. Tents ur othei incoine due ure Show￿ as debtors le&5 provision fur
amount5 that may prove uncollectible.
Short-temi deposits include cash Iield on deposit either witli the CBF Church of England Funds or at the bank.
2)
Investment Incnme
2023
2022
L¢ttings- inv¢stm¢nt propcrty
lntCrc￿t
18.045
3,677
19,775
1297
3)
Trustee Ex
enses
No trustee received any remuneration for services provided to the charity in 2023 or 2022 oiher than that disclosed in the
Relaled Parly note.
4)
Staff Costs
2023
2022
Wage5 and salaries including Social Security costs
Stsff pension
197,701
4,126
179,655
6,702
St MiLhael ￿]d All Angels. Pre School employed 16 staff mernbeTS during the year114 in 2022). St Michael and All AnbFels'
Chiirch employed 4 staff inember5 until September 2023 and then 3 thereafter (4 in 2022). None of the einployees received
any benefits otlier than that of a pension.
The Pre School eniployees work on term time only and only 2 are effectively full time.
51
Tangible Fixed Assets
Freehold
Land & Furniture & Pre School
Buildin
ui
ment
ui
ment
Solar
Panels
Total
2021
Cost
At l January 2023
Additions
At 31 Decembei 2023
563,924
24,096
11,933
777
12,710
39,164
639,117
777
639,894
563,924
24,096
39.164
reciatioD
Ai l January 2023
Charge for year
Ai 31 December 2023
19,280
2334
21,614
11,605
276
39.164
70,049
2,610
72,659
39,164
Net Book Value at 31 DecernbeT 2023
563,924
2,482
829
567,235
Net Book Value at 31 DeceinbeT 2022
567 924
328
569 068
6)
Investment property
The property, 35 Fernlcigh Drive, Leigh-on-sea, is ) semi4etached house in its own grounds let as two flats under short
hold tenancies. For the purpose of ihese accounts Ihe propery is valued as a single unit. The property is held at open markei
value as ai the balance sheet dale which is deterniined by the PCC. based on price inforniation provided by a local Esiate
Agents.
Valuation in 2005 amounted io £175.000 - revalualion in 2009 ainliunled 10 £287.500 - revaluation in 2013 amounled
£3.35,000- revaluation in 2015 ainounted to £450,000- revaluation in 2018 aniounted to £497,500 with a latest revaluation
in 2023 w'hiLh amounted to £565,000. The cuiient valuation has been compared with similar properties in the street wheie
'aluatioii Info￿tIOn is dl'ailiible dnd is c0115idered still to be il fair Viiludtion. A to￿[ uniealized o1-£390,(K)O hdb bee
reflected in the AcLount5.
Pagg 22

St. Michael & All An
els Ivestcliff-on-sea
for thc
ear ended 31st Dcccmber 2023
Debtors
Designated Endowmeni Restricted Unrestricied
Funds
Funds
Funds
Fund
Total
2023
2022
Other debtors
503
503
13,954
13,954
14,457
14,457
10,069
10,069
8)
Liabilities: Amounts falling due with one year
Designated Endowmeni Restricted Unrestricied
Funds
Funds
Funds
Fund
Total
2023
2022
Creditors
538
538
3,801
3,801
4,339
4,339
2,245
2,245
9)
Analysis of Nel Ass¢t$ by Fund
Designaled Endowmeni Reslrictsd Unrestricied
Funds
Funds
Funds
Fund
Total
2022
Fixed Assets
829
1,131,406
76,500
3,801
1.204,105
1,132,235
179,-569
4,339
1,307.465
1,066,568
183,534
2.245
1,247,857
cU￿t￿t Assets
10,474
102
92,493
538
cU￿t￿t Liabilities
10,474
102
92.784
io)
Related Party Di5c105ure
During thc ycar thc charity paid a %alary of £ £4.078 tn Mrs W Gauld for hcr acting rolc a% Church Admini8tratar
Mrs W Cjould bc¢am¢ a Trustcc in Octobcr 2020 & rctircd from h¢r cmploycd role in S¢pt¢mbcr 2023.
Mr P (iould (husband to Mrs W (iouldl wab reimbursed £7H for his time and maierialb in his role as handyman.
Page 23

INDEPENDENT EXAMINER'S UNQUALIFIED REPORT
ST MICHAEL AND ALL ANGELS CHURCH OF ENGLAND
Independent Examiner's Report to the Trustees
I report on the financial slateinent5 of the Trust for the year ended 31 DecernbeT 2023 Set out on pagses I to 23.
Tl)is report is made solely to tl)e Charity's trustees, as a body, in accordance with sectioi) 145 of tlie c.harities Act 2011. My work has been
undertaken so that I miglit State to the chai"ity's ttU5tees those mdtters T dni required to stdte to thein in this report dnd for no oihei PUTPOSe.
To the ￿lIest extent Per￿Itted by law, I do not accept 01 a5SUTne responsibility to anyone othei. than the cha]ity and the chaTity'5 tru5tee5 as a
body, for my work, for this reporL or for the opinions I have formed.
Respeetive responsibillties of trustees and examlner
Tlie ¢hatity's trustees ale resptsnsible for the preparation of finkmcial stateiknents. The chai"ity's trustees consider that an audit is not required
fur thib year under Section 144121 uf the Charities Act 2011 ('the 2011 Act'l and that an independent ¢xaminatiOii is needed.
It is my iesponsibility to..
examine ihe financial statements under section 145 of the 2011 Act.
to follow the procedures laid down in the General Directions given by the Charity Commission under section 145{5)(b)" of
the 2011 Act. and
to state whether particular matters have coine to my attention.
Basis of independent examiner's report
My examination was Carried out in accordance with the General Directions given by the Chariry Commission. An examination include8 a
review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. Tt also
includes consideraiion of any unusual items or disclosures in the financial sialements and seeking explanations from you as trustees
concerning any such mallers. The procedures undertaken do noi provide all ihe evidence Ihal would be required in an audii, and
consequently no opinion is given as to whether the financial statements present a 'true and fair view. and ihe report is limiied to those
matters set out in the stateinent below.
IndepeDdeDt examiner's statement
In conncction with my cxamination, ni) mattcr has comc to my attcntion..
which gives me reasonable Cause to believe that in any rnaterial respect the requirements..
to keep accounting records in accordance with sectioii 130 of tlie 2011 Act: and
to prepare financial ststements Mthich accord with the accounting record% and comply with the accounting reqllirements of the
2011 Aet.,
have not been made or
bl
to which, in niy opinion, attention should be drawn in ordei to enable a proper understanding of the financial
statements to be reached.
J P Francis FCA
1386 London Road
Leigh on Sea
Essex, SS9 2UJ
Date.. 25th March 2024
Pogg 24