St Edward the Confessor
The Parish Church of Romford
www.stedwardsromford.com
Annual Report and
Financial Statements 2020
The Parochial Church Council of the Ecclesiastical Parish of Romford (Charity no. 1128998)












































































































































































































































































































































































































































































































































































































































































































































































































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Parish of Romford
Annual Report & Financial Statements 2020
Financial Statements and notes to the Accounts
STATEMENT OF FINANCIAL ACTIVITIES
For the Year ended 31 December 2020
FlxedAss*ts
D*S￿na￿d
Funds
Re5trl¢ttd
Total
Fundg
Funds
Funds
2020
2019
Incoming Resources
Volun13ry iiicome
Aclwities lor generating fUr￿S
InCON￿ from invfrslments
463.417
463.417
247,751
5,176
2,416
3,313
2b
162
1.519
162
1.519
2d
Other incorning resourc8S
465,098
465,098
258,716
Resour¢e$ expended
23.986
3b 166.704
86.865
930
278,485
23.986
166,704
89.792
930
281,412
25,035
179,196
85,853
Minisiry Costs
Church Running Costs
Costs of fuDd5
2.921
3d
2,927
291,845
Nel incomingl loutgoiTrgl resources
186,613
2,927
1fj3,686
33,129
Transfers beiw8frn funds
Nel ttK)vemenl in funds
186,613
2,927
183,686
33,129
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Parish of Romford
Annual Report & Financial Statements 2020
2. Incoming Resources
FV￿ed Auet
DpsV4n4tEd
Fund$
REsltictEd
TDtal
Tot
Fund$
Funds
Fynd$
2020
2019
a. Volvnt8ryln¢ome
GIrtAd- Bank
52.875
52,8T5
51.504
13.283
1,854
21,848
5,337
GIftAd- Envdo
0th8r plann￿ gmt
L￿5@ pLite ctAl8ckns
Gmng through church boxes
Grft Aid gifts
WYke￿M Tnjsl Contribution lo ExkEnses
Non grft O￿allonS
Tax rpLoverabk on Gift Ad
1,845
&345
2,075
2,075
20.979
&(h2
16.710
311.￿6
1&311
20.9T9
48.831
51.0
18.056
16,TTO
311,656
Furt￿gh Grant
Non-recuTriry One￿ grdrrts
Other lunds qener
20,
463.417
463.417
247.751
b. A¢tlvltAes lorgeneratlngfunds
Ger*ral fundrrisi
5.1T6
5,176
. InconTefrom lnvesbj￿llt5
B￿k CBF Det¥Jsil Fu￿j ￿te￿st
162
162
162
162
2.4T6
2.476
d. IncfrmeTrom th*￿14￿1• •¢tr¢lUes
F885 for ￿EddI￿5 and fU￿ra15
1,519
1,519
3,313
3,313
1,519
. OlheriJKoThngrnsourus
Insurartt claims
4&5,098
465,098
258,716
anned gmng, Co1￿ctiOnS and ￿￿lL￿r donat￿n5 are remgnised %vhen received. Tax refur￿ are reC￿gniSed when the
ncomlTrJ resourceto which they relate ￿ recelved. Grants and are accrAJnted for when the PCC is entitledto useof
the resources, thelruttltr￿te r￿*1pt5 is COn￿dered rea50natly certain and the amutrts due are reI￿bty wantifiatA8. MI
incomiw resources are accounted forgross.
32

Parish of Romford
Annual Report & Financial Statements 2020
3. Resources Expended
Flxed Assets
Deslynated
liestricted
Funds
Fwnd
2020
2019
a. Churth and ¢harftable Y￿Ing
Missionary and tharitaNe gwing
Horne mi%5ion- Ed's P
s￿Ul8r charities
¥keham Trust
20,836
150
3.WO
23.986
20,836
24,095
940
3.0
23,986
25.035
b. Ministry Costs
DKbcesan Parish Share
91,￿6
3.699
91,505
3,699
71.5rM)
166,704
93,035
5.624
83.3
182.OCO
Other ministry costs
Salarles and perdon costs
166.704
- Church Running Costs
Parish Iraining and mi%s
Church inSUra￿e
Church utllitles
396
7.332
8.305
937
7.332
8.30S
931
7.2
10.110
3,907
22,376
Church utheep of 58Mc85
Org￿, choir nWSiG
Equipment e¥FEns
Church rnanteTh￿r
Cleaning
Parish magaan8 costs
Deweciati
P￿toCop￿n9
Parfsh olflce lelephorE & broadband
Poslage & sla￿￿
Card Fee5
Bookstsll costs
I￿ependeTrt e￿mInerS renwwation
40,572
2.700
10.480
1,874
40,572
2,7CiI
10.4KJ
1,874
13.303
4.333
2,927
2,927
9.079
1.735
2,854
3,081
9.079
1.735
2.129
4,539
69
51
732
86,865
732
89,792
2,927
83.040
d. ¢o5t$ of raising fvnd5
Cost of ¥)peas
930
930
930
1.761
278.485
2,927
281.412
291.845
33

Parish of Romford
Annual Report & Financial Statements 2020
4. Staff costs and related party transactions
)meeTnployees kYoMde services for iK)th the Church the Wykeham Centre and Church Hou%.
connected charity. Lxjring ts yearthe Wykehatn Centre contritMJtion5 towardsthe5e costs. The
wa￿, salaries, S￿￿41 securtLyatKI pensions rwresentthetotal ar￿Unt paid and are not shown net
1hesec0ntn￿tian&
a. Staff costs atsd n￿MberS
2020
2019
Wages, salaries, s￿181 securty &
71J)O
AvEYage numberof tYnFAoyee5
b. Rolated par￿e$, transadions.
Two emtloyees. Nicok Sharpand Jordan Palmer were paSd in aCcOrdar￿ ￿th t￿rterM$Of
etnplOy￿nt during the year. NKola is a TtUStee and rnernt￿r of the PCC ar￿ Jordan wasa
ryEmtEr ofthe PCC. N￿herVWe t￿1￿ foriEiw a trustee or rTEmber ofthe PCC. Measures are in tkne
toensure rK)conflKts of Interest arfse.
The stiFEndiary Clergyvere reimburwl for wthiruJextwse& tt is cons1okr￿ that no nBterial part of
this rd8tes to Ihar as trustees.
Donatbns from related partles (fnjstees and PCC rfEmtersl armunted to ￿.974 the year made
up of £9,974 of tegular giwng.
Dirtttorof muslc, Mr J VenrEr, tho Is arso a Coxwed memter of the PCC, was p8ld £20.1W durfng the
year in a{￿orda[￿ with his contract to F￿0￿de and manage the mU￿C tKovision for the church. Mrv
Hardy. a rekted partytoa nEmberof the PCC wa5 £287 for maintenawe a￿1 decoration wo
earried out dufiNJ the year.
5. Tangible Fixed Assets
Curates
Hory
chuicl
Toial
AttuaUdeem•d co
At 1 janu￿2020
DisWs￿S
drtlons
At31 Dec&nber 2020
a￿,0[￿)
64￿54
414￿54
10.131
74,985
10.131
424,985
350,000
Deprfrciatio
At 1 janu￿ 2020
DisW￿5
ditions
A131 Dtt￿ber 2020
6,323
6,323
2.927
9,250
2.927
9.250
Net book arnounts
A131 Dec￿nber 2020
350.00
6S.736
41S.736
At31 D￿￿nber 2019
350.000
58.531
408.531
During the year streaming Wulpn￿ntWa5 wrrJws&l in orderthat senri￿ coukl be brDad(x5ttothe
(xngregation and the %*ider communty.
34

Parish of Romford
Annual Report & Financial Statements 2020
6. CuTh•nt Assets
7. Cr•dIl0￿.. amounts hllSng du• wlthln on•
1572
2,631
Oth•r crwJitty5
3.$31
8. Stat•m•nt of lundi
Jin2n02
PCC fvr
1T5,827
175.127
278.4&5
10.132
10.132
Oe*n*o Fw
Flwl Au•ls F¥N
Chwch FF8E
8u*W C
$8.$31
2.927
10.132
65.T
408.531
2.927
10.132
415.7J6
AqslrfGl•d F¥mds
Ptstth Fw
f.759
1.751
I.T59
1.7
3S

Parish of Romford
Annual Report & Financial Statements 2020
9. Subsidiary Funds
A number of mem￿rg ofthe congregatknn giVef￿￿Y ark1 generoU￿YOfth￿r ￿rne In w(mting
adiviliesto raise funds for the church.. Credit is taken in the5efinan￿& ststwnerts as and when
dunations are received frotll [￿￿1)r5 ofthes8 activities.
TlwearE also a numiEroforyanisation associate(I wth thurch acGwnts are qutte separate
fom) thtse finan(ad statements.
10. Diocesan Quota
Payment of £91505 was achieved in 202013)19- £93.0351.
11. Acknowledgment of Intangible Income
The Parwhial Church C￿nCIl is particulady gratefvl toth&Trustee5 dThe Wykehatn Centre
Church House for Iharwalver ofcharges In respect of the c￿tre and Office. Furthu thanks are d￿t0
many memLErs of the Churchfamilyfora variety of servKes prowded.
12. Connected Charities
TfE ￿yke￿M Centre and Church HcAJse Is a connected charlty, reglstered numter 291￿, (Ywnlng
and administeredfrom, proterty a￿la￿￿t tothe Church forthe purpos￿ of furthering Ihe rdigious and
other Charitab￿ work ofthe Church of England in the ecdesiastical parish of Rotnford.
Thi5th4rity wodU￿5 ts own antKJal kn0untswh￿h are In0*￿r￿J￿tlyeX8mine￿
13. Insurance Valuation of the Buildings
TIE kKOkErbes owned and TnanaFd by Ihe PCC are currentty valued foringJrarKe pJrwses as folbws..
Building
Oescripti
In$uranGe Valuation
st EdwaTd the Confessor
54 Parksith Avenue
40 HI￿ Str￿l
Church
curat￿ H(MJse
E(f5 Pla
16240,0(
7.225
36