St Mary the Virgin Great Dunmow End of Year Financial Statements Year ending December 31st 2024 P•rish Church of St Mary thg Wir9in. Great t￿nMOW St*ement of Financial Actsvrties For th9 Pgriod from 01 January 2024 to 31 De¢wnbgr 2024 Prfor y••r total fvnd6 rKh Recfripts DD￿at￿$ and 145.440.79 32,67d 68 ZJ.352.89 15.169.55 1,336.03 217.923.14 1.810.fyJ 147.280.79 32.623.88 23,3S2.89 16.257.96 16.336 03 235.851.55 118.961.23 33.449 61 13.94344 13,530 3.￿2 28 183.218.65 Inv*slments Othar inco T￿•1 I￿ i.OBB.41 15.WO 17.928.41 Payments Raiyng fijrth EXpgndthre￿Chth•blts 1.489.57 1.489.57 196.8$2.87 1.177.26 213.943 35 S.￿5.99 58.8T3.59 2r4,816.94 S 90S.99 OthBr ewdrtutE 721.338.91 5N873 59 260,213.$0 198.030.13 t inc¥rne r8￿u￿•$ befo￿ trJnsf8r Transfers.. Grosslt¥nsfers ￿*t￿￿1ft￿ds. wl Grosstransfets bBt*eenfjrts.(wt Oth8r￿0gnlSOd gains 110*8•g Gain91￿￿ on ￿¥*Iment ossets S Oym US8 Net movement in funds Rewnali*on ar￿￿4¥ Total fund5 brou ht for¥J8rd -3.415.71 -40.945.18 44.38O.95 -14.813 48 76.712.71 -76.712.71 271,629.14 450,63276 1Z3.1fj9.98 44.1f* 34 394.799 10 -394,799 10 13.881.68 32.599.42 13.6ty2.34 .7rJ 99 953.33 -30.479.27 17.785.94 48.727 05 37.294.45 364.646.14 1(*,845 35 J.115.63 531.407.12 513,621 18 Tot81 fvnds (￿led ¥crtwJ 295.919.09 143,939. 61.OE8.96 5Q).927.85 531.407.12 Mr Ray J¢Jy R8vTom w￿1r IAr Mlch**l ChufGh￿l￿On Apwovod Inde Stma endent Exan)iner' s Re rt to the Member51fruste¢s of 's the Vi in Great Dunmow Parochial Church Council Chari Number 1129192 I report to the M¢mbe￿rruStrCS on my examination of the accounts of the above charity for the year cnd¢d Decemkr 312024 which aT¢ set out in the attached End of Year Financial Ststements. Res ive nsibilities of trustees and examin Th¢ charity's trustees are responsible for th¢ preporation of the accounts. The charity's irnstees wnsider that an audit is not required for this y¢ar undcr 5e¢tion 144 (2) ofthe Charities Act 2011 (the 2011 Act) and that an independent ewnination is necd¢d. It is my responsibility to: ' examine the accounts under section 145 of the 2011 Ac( to follow the pro¢edures laid down in the G¢Theral Directions given by the Charity Commissioners under section 14515Xb) of thc 2011 A¢L and • to stat¢ whether particular matters have come to my attention. Basis of inde ndent examine¢s My examination was caTried out in accordonce ￿'1th the General Dir￿tiOnS given by the Charity Commi&sion¢rs. An examination includes areview of the accounting records kept by the charity and a ¢omparison of the accounts presented ￿'1th those records. It also itkcludes ¢onsid¢rdtion of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in a full audit and consequently I do not Cxpress an audit opinion on the accOw￿. Inde ndent examiner's statetnent In the course of my examinatio￿ no material mallers have cotnc to my attention which gives me cause to believe that in any material resfKCt". . The accouming records wer¢ not k¢0 in acwrdanc¢ with section 130 of the 2011 ACL . The accounts did not accord with the accounting records. I have come xross no other matters in connection with the ekThiination to which attention should be drawn in this report in order to enable a proper understanding ofthe accounts to be reached. Ray Joy CIPFA I977- 2015 I Putter Court Brainlree Essex CM7 IFR March 3. 2025 Parfsh Church olst M￿Y thg Vlrgin, ¢>•at DU￿￿￿￿T nce Sheet detalled Aryat 3111212024 3111212023 FI￿d as8•t8 OD1 42,31454 19.70125 41.367.70 18,747.¥2 .742.00 46,710D1 22,3e8DO 178.154.ie 62,742.C 91.431.88 21,71251 174,167.73 Total Flxgd as￿1￿ 372,319.97 410,499.73 Curr•nl ••ut• iO.(ThJ3 223 2.. TSBm711g38Edl•rgw8lttoxlg)J2 235 28727 44B17J7 31245.Th) 11,157.73 9306.11 1." Ltrll￿ TruStB￿aT￿l￿￿4£1O.1ly)c¥wIrV￿s￿￿knQ124. 3Y25 syfjt. LliknlTnJsteérth20179716£10K(QCSWkr•sWbkn31,3)26 510￿ ￿c0￿3￿p￿ern￿($1C&l 911Tr. l￿F￿¥￿J& 9110 9111..TsB￿rn￿0JutL￿91l1 9114.. TSBtK17733BBChihknwpJFty¥V>kwflrfr#9114 20,1CIIA2 10.CKJ).th) 27h70.10 6.313.13 266.78 7.429.16 15928 f8fft1>) 9,5￿ 9403.. FknEIth'. 7329 IT￿.(￿} Tot•l ¢ym)rrt 148.8472S 128.737.63 Uabllltl•• 8.Q87.52 16.744£0 50 3.44537 1257281 7,830.26 Total Uablltl•• 20.239.37 Nèt *Met 8urplu¥ Id•fl¢lt} 500.927.85 531.407.12 Exx5511¢￿￿$ I44,￿).95) &33A6858 11.8x122 79.54179 421.32&37 3D.537. Total R•*•rve8 500,927.85 531,407.12 13Mathif25 11:%amlP¥ 1 d2 Parish Church of St Mary the Vlrgln, Great Dunmow Statsment of Flnanclal A¢lfvltles For tho poriod from 01 January 2024 to 31 Decembor 2024 •IKts 14&440.79 2fft3 IE40 1472W.79 118.96123 32.623Ag $3A49.61 23.W89 13.943.44 16257.98 13,530.09 16,&86.03 3,332.28 23W155 18321&65 15,169S 1 ￿.0] 217923.14 1,(*&41 15.(mm 17M41 Rw'sirgKnts IA8957 21394335 wrJAI 5XLS.99 1,489.57 272316.91 S.￿5.93 1￿052￿7 1.17728 c¥here)￿l& 22133BS1 2WI212YJ 19B.030.13 415.rn 140.94Sfj81 144JV)S¥ 114I13A81 271.629.14 12&1￿ IKQ.832.701 144,1fffj241 3W.799.10 76,712.71 1391.793.101 176.712711 '￿A¢)SSeS w ￿n￿￿e￿Id$Sets 13MJ4 I3￿1 32J99.42 )ATr2n 17,785.M J,11&63 531107.12 511Q1.18 Tctsll￿th￿rrI*dlaWw￿ 29$919Jg 141939 61Prt96 ).927AS 531407.12 41063A3 41A83A3 Cwigro 7D12A5 7W166 6XA8 1918A5 ¢￿11(*&n il(*vth8 knj FÈmilwW)thfkniwth* C*orF 11(83A2 13,Ce3A2 9h67.19 41NJ1.02 148,421.62 6?13.13 56n17.65 1392.69 12A57.73 14732S8 158,732 hie￿ of& 072 69￿72Th) Ycwd).&4¢thytty8cthiO•sd 12.1 R06bfjd I2￿4ts) I2￿￿0 7.683 3.166.t 65,110S8 11793A8 15.479.54 11￿37 eJ13.13 26 7W58 3,168.( ,110A8 12,793A6 15h79b4 12.4*R7 6J13.13 J89426 16WJA6 y*￿ArR￿L*j Thlaln*nan rkndrpmenl. bwlno thIOe5 nc- Win*nanc4 dthurth tyJi￿1￿ rth JSIVary8 Resth 15,479.54 54.461.54 20N10.81 81J*& 61.(fft.9S 80,115.63 294919JA 143959￿ 61M96 *)927M $31A07.12 TdBlfLV Partsh Church ofst the Wirgin, (*Eat Dunn yw and exwndknrn Sehctod prfknd: 01 January 2024to 31 Decents 2024 Total G•TH*rnI Doslgnat•d R•thel•d Endo￿an1 Thls ￿aT Llst yjar R¢ceyts Donatlons and 1•9ael•8 01W. Ranned G¥ry bySTOGflP&I 010JB. Parfsh (>lt)J S￿h￿{p&S} 0101B_F4nkemehy 0101C.GftA￿1 Qiir¥JCulth$.wl*SeTh￿s o101CX.GftAdodQ￿rq 01o2.T8Xr￿y)wed 49.452AI I127￿ 13Ré1.44 294591 SIS)750 11681.44 I￿5.9] ,410.(MJ 4,649.86 5.627A7 697.06 21225 20,740.15 1&M.77 21,W52 5,Cl)O.(A) 02C6. Fl6fr8#hmw . WrinGe 572fft) 2[￿.( 17 8D15A s￿)L 10244.1>3 730A4 425122 3241. 17XI 7AJSD) 9)) 10244 0251.knJry¢ydw8 KéOtAd 6.gJ&LIJ 0391C- R•gdafS•Thf*rxsh 734932 3332.11 A4 0392. a￿￿111• fA 0393.a*Pkntho r4)¢ 0394.tsxal seThic8C£4￿cIhJrn r4 0394C. 425122 3241 11270 430A1 917 751.75 1133AYJ 917J 751.75 03￿. &Jntydcrb&l¢x* 1W.95 7322 2.133 0491AVL4.Ckn￿ff AV>)24 7.ClYJ.O) Dtsn•tlon¥ and l•gacl•• Tot41• 111452.04 31.988.7S 1,840.00 147,280.79 118,961.23 IneorTh• from eharltabl• actlvltl•• 101194 1.e11.94 7.7A6kJ 3,177AO 6.73QJO 7.740A3 LM03. W5h 11K0194 11W37 11) 11,C61.91 1108327 120.IX) 12,079B1 (1107. Refvré kKlY8aC Incorne from charitable acthfltlg• Tots 31623A8 32.623A8 33,449.61 othèr tradlng actlvltles 3.511AI 3,511ts) 5.34&(Kl 4.046.44 0203.FLnd Rasir¥JETraib 3•.49 31955 102251 97658 18425 319.55 1022.S1 976.S8 212. 18425 Pmath YlJ5 11..3lan)￿ 1 fA3 Gèn•rnl D•signat•d R•strict•d Endowrnnt Thls Jpar La¥1 JTrar 3XK¢Ab) 31&61 4￿.74 7X9D) 44Q10 7,7&10 (Wl.EaByfiJr¥h" (Xher tradlng aetTr•ll•sTots 19A12.79 23,3S2A9 13,943.44 Invè8tm•nt8 1532.15 I,W15 72523 13￿7￿ 11W.18 18251.96 13,030.0 1>Y191 1188117 1.56116 13.007AO l.Ib88A1 knv•frlm•nis Tot• oth•r Incorn 1.116m 1,116m 15.000.110 16,336.03 3,33228 Oth•r Incom• Total• 1.336.03 Rac*ts (>arKI IAXal• 16I38OJ9 4•￿ 17928AI 23S￿51￿5 183216.65 R•lslng fund¥ 1W57 R*•lng fund• Toi•l• 1A89.37 Exp•ndltur• on ¢hwIt￿l• Ktlvlll•• 1CKI). 71X¥J£I) A47AO 4,￿.{1> JA47AO 7S27&eA 4fyXt 1.*￿A5 181Z&J 1.th110 N)3M. k*a%6yCMrth 10$a7 I8,24￿ 24,784A# 1221124 537739 4,8SIA9 8,184.7e 3.381.97 Z13422 321A6 4,718m 1221324 43517Ag 2,1W.70 1113.70 331S2 3,11330 4,181JXI 4,161AXI 1257%￿ 11.464.92 4217 X111.9 3)14.SthWB¥lRtyrtrlSJthA• 4217 6.COZ19 o) (3￿￿￿￿11..3l￿1Py2￿3 Total Go￿[al P*6lgnatsd hstrlctsd Endowment Thls Jtar Last >tar 2017.ChJlraThJ PErfthwvJ LK￿5 2et8-CIKth ￿1$ 19. Feestrmsrfw a 1.7TOA4 16IY) 1(hlJX) 5.(KX>.(KI 14.744.rN) 4.930AT 1.4*18 25011J 1fA 5.(W.(Kl 10.¢XQO) 2￿. tykÈrPA9*tÉm SErfJW&xJ¥JSJ 4.744m 4XKSJ7 4.13&69 13.516.16 11.419. Exp•nd61ur• on ¢harltabl• a¢tr4iti•• T¢)t•ls 184.675.01 29268.34 58,873.S9 272.816.94 I￿,852.87 Other exp•ndltur• 87.18 1m6A2 4.675A6 164.11 541.16 4.134XI 351.9) 758.18 5Th)1.Tth*irffj rt*aLs Oth•r •xp•ndtturg Tot•ls 70527 5.200.n 5.905.99 1,177.26 Paynwnts (knd totals le6.￿￿5 34.469.06 58.873.59 260212.50 198.030.13 (3 Z125 11..37arnl W 3 d3 ## **St Mary the Virgin Great Dunmow** # **End of Year Financial Statements** ## **Year ending December 31 2024** **APCM - Notes to the Accounts** 1 ## **Finances 2024 – Report for the APCM** ## **The year 2024** The year of 2024 has been a difficult year for our Rector Tom and his family. The church was united in prayer and support and people came wonderfully together to help in whatever way they could. A year not to be forgotten. We are very grateful to the Lord for the continuing faithful giving by the members and worshippers at St Mary’s Great Dunmow. Thank you all so much. This is very much appreciated and has allowed us to pay our parish share in its entirety and to meet all our commitments and charity giving. Indeed for 2025 the PCC agreed that we will pay slightly more than requested by the diocese to help churches in our deanery not able to pay their share. Those churches were very appreciative. ## **Overall Financial Position as at December 31 2024** Due to this generous giving over the year and indeed previous years we are in a strong position to be able to plan for the future. Thank you for those who maintained the financial records and stability in past years particularly Nigel. The total value of St Mary’s Great Dunmow, as detailed in the Balance Sheet is £500,927 including all our assets, property, and liabilities. ## **Net Result for 2024** We had an excess of costs over income in 2024 of £44,361 offset by an increase in the value of our investments with a resulting deficit of £30,480. ## **Explanation of Deficit** The deficit of £44,361 rounded to £44,500 can be broken down into two elements, firstly normal day-to-day church operating costs and secondly major repairs and special projects. There was a small gain of £1,500 on operating costs offset by £41,000 spent on major repairs and £5,000 towards the cost of new speakers in the church. ## **Total Receipts and Expenditure in 2024** There have been large increases in both income and expenditure in 2024 compared to 2023. Total receipts in 2024 were £235,852 up by £52,635 from £183,217 in 2023 being an increase of 28.7%. Total expenditure in 2024 was £280,213 up by £82,813 from £198,030 in 2023 being an increase of 41.5% This has resulted the excess of expenditure over income of £44,361 compared to £14,813 in 2023. ## **Breakdown of 2024 Income of £235,852 compared to 2023 of £183,217** ## **Donations and Legacies** Total received in 2024 for donations and legacies were £147,281 compared to £118,961 in 2023 an increase of £28,320 being 23.8%. 2 ## **Breakdown of 2024 Income of £235,852 compared to 2023 of £183,217 (cont.)** This increase was due to higher income from Planned Giving by Standing Orders up from £63,000 to £72,000. Of this £62,000 was gift aided. Tax recovered from all sources of income totalled £21,000 with this being a very important constituent part of our income. Should you wish to give aid your donations and haven’t completed a gift aid form please see me. The Parish Giving Scheme increased from £4,500 in 2023 to £13,700 an increase of £9,200. This is received complete with gift aid. Thank you very much to those of you who use this facility. One-off Donations for general funds, the Audio-Visual upgrade project, and the Children and Families Leader increased from £9,200 to £12,000 and collections taken up in services increased from £7,300 to £10,200. Thank you very much for those who count the gifts and do the necessary and especially to Trudi who does our physical banking. This work is very much appreciated. Receipts from using the GiveaLittle card machine were very encouraging at £7,500 and many thanks to Nigel for setting up this facility. Whilst Pink Slip donations reduced from £5,600 to £2,900, this reduction was anticipated, and we do thank those who regularly give via the pink slips. We also received a legacy of £5,000 for which we are very grateful. ## **Charitable Activities** Income from charitable activities of £32,624 was roughly in line with that of 2023. Hirings from St Mary’s Centre and St Mary’s Room totalled £9,500. Outlook magazine raised income of £11,000 slightly down from 2023 of £11,500. PCC fees were very comparable to last year at £12,000. ## **Other trading activities** Income from other activities was £23,352 compared to £13,943 in 2023. This was enhanced by the receipt of grants for around £7,800 for refunds on VAT incurred on fabric expenses and two annual grants from the Town Council totalling £7,000. Receipts from fund raising included sales of Literature, receipts from Nancy May Concerts, Great Dunmow Big Voices, Dunmow Art Group, Burns Night, Wreath Making. We are very grateful to the Friends of St Mary’s for all they do to raise funds for the church. We are particularly grateful to all those involved in holding Coffee, Cake and Chatter mornings. Nearly £4,400 was raised in 2024 being a marvellous effort. ## **Investment Income** Investment income increased from £13,530 in 2023 to £16,258 in 2024. Income is recorded when received. This includes bank interest from TSB, interest on accounts with United Trust and Cambridge and Counties, and receipts from our investments held at CCLA. 3 ## **Breakdown of 2024 Income of £235,852 compared to 2023 of £183,217 (cont.)** ## **Other Income** One-off Grants Other income benefited from two grants, firstly the Rotary Club Collinson Fund for new speakers of £10,000 and a grant from the Diocese of £5,000 for evangelism. The expenditure of these grants has been accrued in 2024. We are very grateful for these grants. ## **Breakdown of 2024 Expenditure of £280,213 compared to 2023 of £198,030** Our expenditure in 2024 was around £83,000 higher than in 2023. ## **Charity Giving** Our charity giving in 2024 was £7,000 compared to £4,900 in 2023. Charity giving is based on the agreed formula and the following donations were calculated and have been paid in 2025: Church Mission Society in support of Lea and Petra - £2,200 Uttlesford Food Bank - £1,500 World Vision - £1,500 MIND in West Essex - £600 CHESS - £600 CAP - £600 ## **Church Repairs and Maintenance** Our total expenditure on repairs and maintenance was £47,572 compared to £6,200 in 2023, This included repairs to the South Chapel Masonry and Glazing, and professional services for repairs to the South-West Roof of the South Aisle. Many thanks to Gerald for all the work he did overseeing these projects. ## **New Speakers** A new Speaker PA System for just under £15,000 was ordered towards the end of 2024 and installed in early 2025. We were very pleased to receive a grant of £10,000 towards this cost. ## **Evangelism** We received a grant of £5,000 for evangelism from the Diocese and the costs for evangelism have been accrued. ## **Higher gas and electricity costs.** Our gas and electricity costs have increased from £5,400 in 2023 to £12,200 in 2024. We were fortunate to be on a long-term very favourable fixed-energy tariff in 2023, but this came to an end in October/November. We have very carefully chosen a new supplier, but costs are now very much in line with market prices. Many thanks to Colin for looking after these tariffs. We will make every effort to keep the church and buildings warm whilst being aware of the higher cost. 4 ## **Breakdown of 2024 Expenditure of £280,213 compared to 2023 of £198,030 (cont.)** ## **Parish Share and Clergy Expenses.** Our Parish share and Clergy expenses have increased broadly in line with inflation and totalled £80,500. ## **St Mary’s Room** We have spent £11,500 on maintaining and improving St Mary’s Room and the work has been to a high standard. ## **Outlook** Outlook is now published 10 times a year with a cost in 2024 of £12,575 compared to 12 editions in 2023 at a cost of £15,000. Income from advertisers was £11,000 in 2024 compared to £11,500 in 2023. Many thanks go to Ann for producing Outlook and to the distributors who fearlessly deliver despite dogs trying desperately to get at them. This magazine is vital for the church to keep in touch with the local people and is very much appreciated by residents that I sometimes have a chance to talk to. ## **CCLA Investments, Fixed Term Deposits and Bank Accounts** ## **CCLA Investments** The PCC’s investments with CCLA decreased from £347,428 in 2023 to £309,248 in 2024 being a reduction of £38,180. This was due to a transfer of £50,000 from CCLA investments to our bank account in anticipation of the cost of the repair works in the South Chapel. This transfer was offset by an increase in the value of the CCLA investments of £11,820 being an increase of 3.4%. ## **Fixed Term Deposits** We have two accounts with United Trust Bank and one with Cambridge and Counties Bank. The deposits at December 31 2024 totalled £52,703 and are part of the Children’s and Families Worker restricted fund. ## **Bank Accounts** We have accounts with TSB holding funds of £86,866 at the year-end. Several of these accounts are interest earning and the high balance reflects the expected timing of expenditure in early 2025. ## **FUNDS** The position of the fund values as at December 31 2024 was as follows: |||**£**| |---|---|---| |**Unrestricted**|General|41,463| |||| |**Designated**|Bellringers|7,043| ||Churchyard Maintenance|13,083| ||Fabric – Maintenance of church building|158,733| ||Property– buildings owned bySt Marys|63,072| ||Youth – Support for activities of 12-18s|12,525| 5 ||Total Designated|254,456| |---|---|---| |||| |**Restricted**|Audio Visual Upgrade Project|7,684| ||Maintenance of Specific Graves|3,168| ||Children and Families Leader|65,111| ||Churchyard Maintenance|12,793| ||Development – buildingand activities|15,480| ||Fabric-Maintenance of church building|12,497| ||Friends of St Mary’s|6,313| ||Organ – Maintenance or Replacement|20,894| ||Total Restricted|143,940| |||| |**Endowments**|Endowments|61,068| ||Total Funds|500,927| ## **Children’s and Families Leader** The Children and Families Leader has been very well supported during 2024 with the funds standing at over £65,000, and we thank you for your commitment. This means that we have funds available for this position without recourse to the General Fund until at the very earliest February 2027. ## **Notes to the Financial Statements for the year ending December 31 2024** These financial statements have been prepared on an accruals basis in accordance with current Church Accounting Regulations and in accordance with the current Statement of Recommended Practice Accounting and Reporting by Charities (SORP 2015). ## **1. Funds Accounting** **Unrestricted funds** – general funds which can be used for PCC ordinary purposes. **Designated funds** – monies set aside by the PCC for specific future projects or purposes. **Restricted funds** – a) income from trusts or endowments which may be expended only on those restricted objects provided in the terms of the trust or legacy; b) donations or grants received for a specific objective or invited by the PCC for a specific object. The funds may only be expended on that specific object for which they were given. **Endowment funds** – funds the capital of which must be maintained; only income arising from the investment of the endowment may be used; either as restricted or unrestricted funds depending upon the purposes set out in the original endowment. The endowment funds shown in the balance sheet used to include the Dunmow Estate which is not under the control of the PCC. The income from them all is paid to the Fabric and Churchyard fund accounts. Following an agreement with our independent examiner and the Chelmsford DBF we have removed the Dunmow Estate from the accounts. The Dunmow Estate has its own charity number and is filed separately with the Charity Commissioners. 6 ## **Notes to the Financial Statements for the year ending December 31 2024 cont.)** ## **2. Paid for Regular services** During the year, the PCC used a self-employed Director of Music and a cleaner, both self-employed. The Director of Music is remunerated per service or rehearsal while the cleaner is contracted by hours per week. The PCC employs two members of staff, an administrator and a Children and Families Leader (CFL). The CFL’s employment started in February 2023 and is full-time. The administrator’s hours were increased during the year, although the cost has been partly offset by a contribution from the diocese for the extra burden of providing support to the Area Dean. The church administrator has opted to enrol with the Church Workers Pension Fund administered by the Church of England. The Children and Families Leader’s Pension is administered by NEST. No employer National Insurance contributions are due as the combined salaries fell below the threshold for qualification. All rates of remuneration are renewed annually by the PCC and were increased for the employed staff and the cleaner in January 2025 and are compliant with the minimum wage. ## **3. Assets** Fixed Assets – Tangible fixed assets comprise the 2 halls owned, maintained and used by the PCC. Original cost for St Mary’s Room was £330 and the building cost of St Mary’s Centre in 1991 was £62,742. Investments are stated at market value on the balance sheet date and valuations of shares are at December 31, 2024. Grants and donations are accounted for when paid over or when awarded where the award creates a binding obligation on the PCC. ## **Church Workers Pension Fund (CWPF)** The PCC of St Mary the Virgin Great Dunmow participates in the Pension Builder Scheme section of CWPF for the administrator staff. CWPF is administered by the Church of England Pensions Board, which holds the CWPF assets separately from those of the Employer and other participating employers. CWPF has two sections: 1. the Defined Benefits Scheme 2. the Pension Builder Scheme, which has two subsections being, - a. a deferred annuity section known as Pension Builder Classic, and, - b. a cash balance section known as Pension Builder 2014. 7 ## **Notes to the Financial Statements for the year ending December 31 2024 cont.)** _**Pension Builder 2014**_ is a cash balance scheme that provides a lump sum which members use to provide benefits at retirement. Pension contributions are recorded in an account for each member. Discretionary bonuses may be added before retirement, depending on investment returns and other factors. The account, plus any bonuses declared is payable, unreduced, from age 65. There is no sub-division of assets between employers in each section of the Pension Builder Scheme. The scheme is considered to be a multi-employer scheme as described in Section 28 of FRS 102. This is because it is not possible to attribute the Pension Builder Scheme’s assets and liabilities to specific employers and means that contributions are accounted for as if the Scheme were a defined contribution scheme. The pensions costs charged to the SOFA in the year are the contributions payable. A valuation of the Pension Builder Scheme is carried out once every three years. The most recent valuation was carried out as at 31 December 2019. The next valuation is due as at 31 December 2022 and was scheduled to be published in 2024. For the Pension Builder 2014 section, the valuation revealed a surplus of £5.5m on the ongoing assumptions used. There is no requirement for deficit payments at the current time. The legal structure of the scheme is such that if another employer fails, The PCC of St Mary the Virgin Great Dunmow could become responsible for paying a share of the failed employer’s pension liabilities. ## **Future for 2025** The growth in our church activity has continued in 2024 and is anticipated to increase in 2025. We have supported our Children and Families Leader and will continue to do so, and we are very grateful to Zoe and The Lord for the impact Zoe has had with the children and young families, - We are continuing to see growing numbers attending on Sundays, at Church Mice, on Thursday mornings and at Coffee, Cake and Chatter - We are continuing the implementation of maintenance and repair works on our church buildings - We are preparing plans for improvements to our main church building by means of Project Nehemiah - We have continued to review and renew our feasibility studies into to how to adapt our church buildings to be fit for purpose to meet our worship and outreach needs. - We are reviewing our restricted funds in order to gain access to these funds. We look forward to the coming year putting our faith in The Lord Jesus Christ. Once again thank you so much for your financial support of St Mary’s Great Dunmow. May the Lord bless you all. 8 ## ## |`Rector`|`Revd Tom Warmington (Installed during 2024, previously Priest in Charge)`| |---|---| |`Associate Priest`|`Revd Elsie Bouffler`| |`Churchwardens`|`Michael Ryley (PCC Vice Chair)`| ||`Catherine Salmon`| |`PCC Treasurer`|`Malcolm Dulwich (replaced Nigel Dodd during 2024)`| |`PCC Secretary`|`Trudi Wright (replaced Jenny Dalton White during 2024)`| ## ## |`Standing Committee`|`The only committee required by law. It has the power to transact`| |---|---| ||`the business of the PCC between meetings subject to any directions`| ||`given by PСС.`| |`Finance Committee`|`Oversees the Church finances, budgeting and purchases and co-`| ||`ordinates stewardship and other appeals.`| |`Fabric Committee`|`Deals with repairs and maintenance of the Church, car park and`| ||`Church halls (SMR & SMC).`| |`Churchyard Committee & Riverbank`
`In abeyance`|| |`Publicity Committee`|`Oversees monthly production of Outlook, the structure and`| ||`maintenance of the website and maintaining social media presence.`| |`Buildings Committee`|`To review options and to develop plans to ensure that our buildings`| ||`provide us with the resources we need to realise our plans for the`| ||`mission of the church.`| |`PCC Representatives`|`PCC and ordinary church members were appointed to the following`| ||`positions:`| ||`Parish Safeguarding Officer and DBS: Becki Cobb`| ||`Electoral Roll Officer: Debbie Ryley (appointed during 2024)`| ||`Trustees to St Mary's Church Nursery: Wendy Bowler, Phil Cobb`| ||`and Tony Beecroft (PC/ TB appointed during 2024).`| ||`St Mary's School Governor: Patrick Whittick`| ## ## ## Pam Warren (knoTrl A$5iSWrt) Grntè Wifcox {Audwised Local l>ruts. appointed during 2024) Ministry Leadership Team The Minlstry Le3dershlp Team (MLT) exlsrs to support the mlnlster and the PCC In organlslng and leadlng minlstry at J local level. The role of the MLT15 to C¢)&ordlMw oYtr5ee and develop mini5¢ry. ou¢reach and disCipl￿hOP and. in conjunaion with the staff team and under the authority of the PCC, to marAge the day4fy&y fwtctlonknz of the thwth's mlnw. Membership Revd Esle Bouffler Priestl Zoe Licence (Chlldw and Fam11 ie5 Leader) Lesley Geen (Pastoral C¢ordlnator) Willlarn Warns (Music Leader) Becki Ctjbb (Adminisr4tor and Parfsh WeywdSng Officer) Objectives and perforniance over the year Rev'd Tom Wamiroton VAS unwell for a part of2024. We are exrremely ¥rdtefiA ¢0 churth member4 the Minlstry Leadershlp TeanK lod licenced dew and and deanery colleagues, induding Archdea¢on Kate Peacock for thetr suP￿rt durfng this The congretation held Wd Tom and his famity in pftyer and were delighr¢d w see TlUti￿ to ass￿ Bethi in her em wcffkjoad during Tom's absenc Zo4 Grace and Helen ran a prayer day at Dunmow St Marfs on 02Juty for years 5 and 6. A forn)al resoluDon w45 em21ed to PCC members on Iojune in relation to the rylr v rèquired in Stjohn's Chapel. Ten responses in favcrttr wÈre recorded. A¢ the September me￿Iftg PCC w•rt loy0￿ that Tom had been 2ble tr* rewrn to work on a basis that rellects hi5 ongoN¥ recovery. Pkns for Christmas were announced, the theme this year i5Journey intojoy. Nigel has been doing some w￿rk on endowment and restricted tunds to move these to glve PCC grea￿r fiexrbility to use them for the mission of the thurth and future plans. Resoluuons were passed unanimousty to appty* to The Clwiry Comission to authorlse the (hanges for Tithe Chancel End0vrn￿4 CulF Fabric Tr￿( Briggs and Churthy¥d restriC￿d fund and the Dunmow Estat& Work vrn5 finally under+Ydy to repair the wndows in StJohn's Chapel. The quote from Un1vern￿ Stone w35 prlced at £27.71)0 + VAT. A parcy of Yoluntrers has redecordred the interior of SMR the schod swrther hollday Jenny DaltoTrWhi¢e Stepp￿ d¢>*n from the rnle of PCC kcreury and was thanked for her èffidentwork in this capacity. At the Otts)ber meetinz PCC votsd Unanim￿ to adopt the Wated version ofThe Lone Worker5 Poll¢y whlch give5 the green to the Pastordl Plan sthem& The Churth Immtsapp is going to be Split into groupx one for Infonmtion purposes PCC endorsed the nomination of Grace Wilcox for authori5ation a5 a lo￿1 preacher. Debbie Ryley was appointed as Becroral Roll Officer for the remainder of this PCC temi. Scanned with cs '.15 Camscannef '. Tom had obtained a grdnt of LI0,¢￿ from t>Jnmow Rotsry towards the cost of upgrading the Speaker systhm. PCC agreed to pay up to £I&OOO indusive afVAT for the uprdde whlch will be corn￿eted a5 S(*)n as watticaL At the November meeting of PCC Tom shared hi5 vlslon for an Evangelism prolect and added that as Rural Dean he is able to bld for a 51we of a fund to suppor¢ Evangelism even¢s. This will be £5Q)O. Hden Sandra volunteered to forni a 8roup and ro present Ideas to MLT for considvatsL A'Garden Room. vrds put forward as an alternative to a dern￿1ntabrè buildin& The c05t of the demounfable 15 In the rÈgion of £2(KJ,fAIO whereas a Garden Room could be Instslled for under £50.0￿. The nÈÈd for extrd space 15 presslng and the Garden Room could bÈ Installed in a muth 9￿Cker time th• a fvll sized demountabl& PCC has comFqied with the unthr sect5on 5 ofthe Safel￿￿ng al￿ aw8y DISCI￿ine Measure 2016 (duty to have regard to Housè of Bishops. guldancÈ on safeguardSng childrèn and vulnttable adults). In addition PCC ensured conv11an￿ wlth the Safer Recniltment, pr(K The PCC supported c¢Jntinued spiritual education thro￿1 Home Gr0￿S Lent and Advent Grovps, Prayer. and groups l a￿l￿tieS for chIldr￿￿ The PCC malntained its close a5socration the town induding working on events with the Town Team and Dunmow Town Council. We maintained links other organisations suth as the Hitch Trials Committee whith Rerfd E15ie atted as C¢)vrt Chaplain for In Tom's absen￿ the Carnival Committee. Scout and Brownie group& Air Cadets and other* We conunue to seek links and parthership wlth our sisters and brothers in other churches: a rftw Priest was appolnted at the Catholic Church in Dunmow and 5adty the URC closed during 2024. PCC rnembers atso actyvely panicipate In Deanery and Diocesan Synod. The PCC ha5 maintsined ir5 SUPPOrt for a number of external charirabk organisations. both through donations at Christrrws Semces and from general fvnd& Approved by the PCC on and syed on its behalf by <_LdL Rev Tom Warmington (Rector) Trudi Wrigh¢ (PCC Secretsry) Scanned with cs '.15 Camscannef '.