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2024-12-31-accounts

REGISTERED CHARITY NUMBER: 1129915

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

WALTHAM ABBEY PCC

Marsh Solutions Limited 82 Berechurch Hall Road Colchester Essex CO2 8RF

WALTHAM ABBEY PCC

CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 31 December 2024

Page
Report of the Trustees 1 to 10
Independent Examiner's Report 11
Statement of Financial Activities 12
Balance Sheet 13
Notes to the Financial Statements 14 to 24
Detailed Statement of Financial Activities 25 to 27

WALTHAM ABBEY PCC

REPORT OF THE TRUSTEES for the year ended 31 December 2024

The trustees present their report with the financial statements of the charity for the year ended 31st December 2024.

The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

The Parochial Church Council (PCC) of the Parish of Holy Cross and St Lawrence has the responsibility of co-operating with the Rector, The Reverend Peter Smith, in promoting in the ecclesiastical parish, the whole mission of the Church, pastoral, evangelistic, social and ecumenical.

The Annual Report includes the report for the Abbey Church District Church Council (DCC) which has maintenance responsibilities for the Abbey Church, Abbey Church Centre which includes the Parish Office; Abbey Gardens House and that for the Church of St Lawrence, Ninefields, which is a District Church with its own DCC, situated in Hillhouse CofE School in the Parish.

The Abbey Church being open is an important part of our welcoming mission to the townspeople but due to continuing financial constraints, it was only open on Wednesdays, Fridays and at weekends although during the Easter weekend was open on the bank holiday Monday and during the Christmas period, was open on Christmas Eve and Boxing Day.

OBJECTIVES AND ACTIVITIES CHURCH ACTIVITIES AND PUBLIC BENEFIT

Public Benefit

The parish undertakes a range of activities with regard to the Charity Commission guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion.

The Abbey Church

Our vision is that Waltham Abbey Church:

The Abbey Church sees its primary purpose as offering a variety of opportunities for prayer and worship, whether as a community or individually. To this end, it holds a diverse range of services on Sundays and during the week and the church is open Wednesdays, Fridays and at weekends, providing the opportunity for private prayer and for weddings and funerals on other days as required.

Seeking to develop an open and welcoming Christian community based on the building, we support groups that meet various needs of the community and offer opportunities to witness to love of God. Guided tours are offered for tourist groups and school parties.

The Abbey Church sees itself as a church for and of the community and has the Safeguarding of all who visit at the forefront of its life.

St. Lawrence Church seeks to be a living and loving church, where all are made welcome in a setting where worship is a priority and each person, knowing they are in the presence of God, feels safe and wanted.

OBJECTIVES AND ACTIVITIES Children and Young People

We continue to run our Sunday Club twice a month, but we have also been using the tables at the back of the church on the alternate two Sundays, where the younger children have done some worksheets and colouring sheets which are based on the theme of the readings for that particular Sunday. This has been working quite well, and means that are able to join in the worship on that Sunday.

Page 1

WALTHAM ABBEY PCC

REPORT OF THE TRUSTEES for the year ended 31 December 2024

OBJECTIVES AND ACTIVITIES - continued

Numbers have grown over the year but varies quite a bit from nine to four, but it was always a joy spending time with those who come along.

As always we have tried to make a craft which they get great pleasure in sharing with the congregation, and we are so thankful to the clergy for continuing to encourage this.

We were able to take part in running the chocolate stall at the Calvacade of Light which raised funds for the church.

We were also able to present the children with a small gift in the summer in recognition of attendance, and we thank the Waltham Abbey Mothers Union branch for their generous gift which enabled us to achieve this.

Older children were asked to take up the Eucharistic Elements and offerings at a couple of services and one of our young people gave a reading at the Nine Lessons and Carols. This was lovely to see and we pray that they will be able to join in more services in the future.

Sadly, Sarah was unable to continue with us in September and we take this opportunity to thank her for her help and input which was greatly appreciated.

As we closed for the summer break, we celebrated with a splendid and delicious home-made cake, which was made especially for the Sunday Club.

We are pleased to report that we have had offers of help recently, and hope this will work out well for us all.

We ask for your continued prayers for our children and young people that they will continue to grow in their faith and commitment.

Outreach, Fellowship, Social and Fundraising Activities

The aim of the team is to host fellowship meals as well as social and fundraising events and to provide refreshments for celebratory church services when needed.

During Lent, as in previous years, fellowship lunches were held in the Abbey Church Centre, offering the opportunity for people to share a simple meal in Lenten Fellowship, with the proceeds supporting the Bishop of Chelmsford's Lent Appeal. Lunches and Afternoon Cream Teas were provided for the Ride and Stride Day on 14th September and a Fellowship Harvest Lunch Saturday 21st September.

The Abbey Church hosted the Deanery Confirmation Service on Sunday 13th October with the attendance of 32 Confirmands plus their families; a very special service resulting in a very large amount of cake, tea and coffee being served!

Friday 29th November was the traditional annual Cavalcade of Light with the church decorated with real trees and appropriate stalls offering a variety of gifts and refreshments. It definitely became the central hub for the community of Waltham Abbey; a special time and place for all to meet together.

On 21st December, we were very privileged to have The Songbirds come and give a concert of 'Christmas Music and Carols by Candlelight'. The Songbirds are an all-adult female choir who give their time and talent freely for fundraisers. They had previously given a summer concert in the Abbey church and asked if they could return again; a very generous offer which we instantly and gratefully accepted!

Page 2

WALTHAM ABBEY PCC

REPORT OF THE TRUSTEES for the year ended 31 December 2024

OBJECTIVES AND ACTIVITIES - continued

There are no membership requirements to this team, just speak to anyone of us and we will welcome you with open arms.

The Olive Branch café at the Abbey Church Centre continued weekly on Wednesdays throughout 2024 for light refreshments and fellowship.

The Abbey's bellringers opened the tower to the public on two occasions, coinciding with Holy Cross Day in May and King Harold Day in October, in support of the Bell Fund. This was for the first time since the pandemic. Both events were very successful, with queues of people waiting to climb the tower. Tea, coffee and cake were served in the church. The bellringers rang a half-muffled quarter peal to mark Remembrance Sunday and during the Cavalcade of Light celebrations in November.

On Saturday 14th September the Abbey Church celebrated its Feast of Title, the Holy Cross, in conjunction with marking The Friends of Essex Churches annual Ride & Stride. As well as eight people walking around the four churches of the Benefice to raise funds for the Friends of Essex Churches and the Abbey Church, there was the weekly Music for Lunch recital; refreshments were served in the church throughout the afternoon and there was the opportunity to walk a labyrinth laid out in the chancel. On a sunny autumn day tables and chairs spilled out to the paving in front of the church and there was a party atmosphere.

On Saturday 16th November there was a once-in-a-lifetime event outside the Abbey Church!

The cockerel that had been at the top of the church tower since the second half of the eighteenth century has recently been beautifully repaired and regilded by PAD Contracts of Brooker Road, funded by Richard Rawles, a member of the church congregation, in memory of his family. There were two bullet holes in the cockerel and evidence of shrapnel (both of which have been retained in the restoration for the historical record). On the Saturday morning, the church's lightening conductor consultants, Mark and Chris Hopson, with the help of mobile elevating work platform, returned the cockerel to its proper place at the top of the tower where it looks magnificent.

Photo Credit: Bob Sharman

Page 3

WALTHAM ABBEY PCC

REPORT OF THE TRUSTEES for the year ended 31 December 2024

OBJECTIVES AND ACTIVITIES Working with Other Charities

During Lent, £165 was raised for the Bishop of Chelmsford's Lent Appeal 2024, supporting the Diocese of Jerusalem's Healthcare Ministry, from half of the proceeds of two Lent Fellowship Lunches.

Envelope donations during Christian Aid Week amounted to £100.42, with the opportunity to donate to Christian Aid online. There was also the invitation to make donations to the DEC Middle East Humanitarian Appeal through Christian Aid in September by cash donations or donations online or by phone; £45 in cash donations, of which £35 was gift-aided, was remitted to Christian Aid. During Advent, donations were invited to Christian Aid's Christmas Appeal, "No room for comfort and joy … when you've left everything behind to survive.".

At the Harvest Festival service on Sunday 22nd September gifts of non-perishable food and toiletries were donated to 3Food4U, the community support initiative based in Sun Street, Waltham Abbey.

Eight walkers took part in The Friends of Essex Churches Ride and Stride on 14th September. £393.00 was collected in sponsorship, half of which (£196.50) went to The Friends of Essex Churches and half to the Abbey Church.

Music Department Report

Although the main Abbey Choir became a little smaller in number over the year, it has been possible with creative thinking and flexibility to keep the musical side of worship going in the manner to which the parish has become accustomed, and to a standard that our Director of Music is pleased with. A change of the time of Choral Evensong on Sundays from 6.30pm to sometime in the afternoon had been considered many times, but in January minds were focussed by a question mark over the staffing of Choral Evensong on the 'front of house' side. An experimental change of the time of that service to 4.00pm did increase attendance noticeably, and the change has become permanent.

The success story of the year (in the opinion of our Director of Music) has been the formation of what is loosely called Relaxed Choir - an opportunity for any who wish to do so, with literally no prerequisites as to ability or experience and no reliance on anyone attending regularly, to meet weekly and rehearse hymns and simple ensemble music which they then sing in worship on Sundays when the main choir is not present. The first meeting was in September, and the group quickly built up a modest-sized but loyal membership, who seem be enjoying the experience in the process of giving a lift to what would otherwise be choir-less worship. An unexpected bonus has been that the new group's weekly rehearsal has proved an ideal forum for trying out new hymns.

A change of timing of the Music for Lunch recitals from 12.30 to 12 noon, with the intention of relieving pressures on both performers and church staff/premises when there are other commitments in the afternoon, has also proved a success. Programming is inevitably somewhat ad hoc and dependent upon performers' availability, but a policy of proactively arranging one organ or organ-related programme a month has seemingly worked well and attracted a handful of aficionados out to the Abbey from the London organ community.

Of two projected commercial hires of the Abbey Church for recordings involving our widely-admired new organ, one took place very successfully in January; the other had to be deferred to January 2025 (but has taken place at time of writing, to the great satisfaction of the Producer who is interested in hiring the building for similar projects in future).

Page 4

WALTHAM ABBEY PCC

REPORT OF THE TRUSTEES for the year ended 31 December 2024

FINANCIAL REVIEW

Financial position

The accompanying financial statements provide details of the PCC's financial position incorporating activities of the Abbey Church, St Lawrence Church and the St Lawrence Church Pre-School.

Total income to General funds in 2024, was £186,336 (2023: £196,325) with £166,668 related to the Abbey (2023: £178,808) and £19,667 (2023 £17,517) related to St Lawrence church), with general expenditure of £176,653 (2023: £191,106). £160,655 2024 general expenditure relates to the Abbey and £15,998 to St Lawrence.

Total income to restricted funds was £119,610 (2023: £84,762) of which £85,734 (2023: £61,363) related to St Lawrence pre-school, and total expenditure from restricted funds £107,146 with £82,236 (2023: £90,133) related to the pre-school.

The surplus on the Abbey General fund has been achieved through efforts everyone has made to maintain income and limit expenditure, notably through a number of hires of the church for concerts and recording sessions but also, to a significant extent, by delay and deferral of necessary maintenance work especially at the Abbey Church Centre and Abbey Gardens House and deferring consideration of permanent repair to the Darby Drive wall, all matters that will require attention in future.

Donations are less than in 2023 but this is mainly due to the higher than typical donations last year (chiefly towards the photocopier and CCTV at the Abbey Church Centre), with most other donation areas slightly increased.

Expenditure on the Abbey Church fabric has included repairs to the west window (mainly met by insurance) and on re-installing the cockerel (with support from the Friends and from the Fabric Fund).

St Lawrence Church have also seen a surplus and payments included purchase of a new altar cloth from donations made in memory of Revd Joyce Smith.

The pre-school has moved from making a loss in 2022 and 2023 to a position of surplus in 2024 through restricting overtime, increased fees where there is discretion to do so, and introducing a small snack/resources charge. The increased fees are in line with charges at other pre-schools in the area.

Reserves policy

The Abbey DCC has previously agreed the principle of maintaining a minimum level of available reserves in the Abbey General fund sufficient to meet one month of Parish Share, wages and utilities payments (about £12,500 - increased in January 2025 to one months general expenditure). The General fund stood at £27,891 at the end of 2024: about twice the agreed reserve level, but with some assets held as equipment and some as prepayments. Available funds above the reserve level are expected to be used to catch up with some of the deferred maintenance tasks referred to above.

St Lawrence Church funds stood at £10,026 and the pre-school at £30,177

GOVERNANCE

The Parochial Church Council is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure. The PCC is a Registered Charity

In 2007 the Annual Parochial Church Meeting approved a Scheme for Separate Representation of Congregations and Establishing District Church Council (The Parish Scheme) established under rule 18 of the Church Representation Rules which took effect from 2008. Under the Parish Scheme the PCC operates through two District Church Councils (DCCs), one for the Abbey Church and one for St Lawrence Church, Ninefields, and delegates to the relevant DCC many of its functions.

Page 5

WALTHAM ABBEY PCC

REPORT OF THE TRUSTEES for the year ended 31 December 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT

Safeguarding

The Parochial Church Council has complied with its duty under Section 5 of the Safeguarding and Clergy Discipline

Measure 2016 and is committed to the safeguarding, care and nurture of everyone within our community, by:

Safeguarding posters are in placed in the parish church centre and church porch displaying the parish safeguarding five standards, as well as contact information for safeguarding incidents and queries.

There have been two safeguarding reports registered in 2024.

It has been challenging to complete some DBs check with new PCC members, three of whom have had to be cancelled and new invitations will be submitted, if appropriate.

Renewal of the three-yearly cycle of DBS checks will be required in February 2025 and two DBS checks are to be completed manually.

Training for the Friends of Waltham Abbey, some volunteers from the Olive Branch and others who cannot complete online training is being organised for Spring 2025.

Those who are required to comply with DBS checks are as follows:-

The Basic Awareness & Foundation courses are required for:

Details of training courses completed must be sent to the Parish Safeguarding Officer to maintain correct records. To access training please follow the links below:

https://www.chelmsford.anglican.org/safeguarding/safeguarding-training/church-of-england-safeguarding-courses

Any member of the congregation requiring help to access online training should contact the Parish Safeguarding Officer who thanks all who have co-operated in carrying out training & DBS requirements.

Page 6

WALTHAM ABBEY PCC

REPORT OF THE TRUSTEES for the year ended 31 December 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT – continued

Waltham Abbey PCC

The PCC is committed to Safeguarding children, young people and vulnerable adults and has adopted the Church of England's policies and best practice on Safeguarding which may be found on the Church of England website and also on the Diocese of Chelmsford website. The Parish Safeguarding Officer can be contacted via the parish office.

The PCC, as a registered charity, confirms that the major risks to which it may be exposed, have been identified and reviewed and systems and procedures put in place to manage any such risks.

Members of the PCC are either ex-officio, elected by the Annual Parochial Church Meeting or co-opted to serve; in accordance with the Church Representation Rules.

Members who served from 1st January 2024 to the date this report was approved are:

Team Rector Reverend Peter Smith Chairman Associate Priest Reverend Trevor Scott Churchwardens Linda Anderson Deanery Synod Reps Jane Shipman Elected Members Sheila Pearce St Lawrence Valerie Lee St Lawrence Rachel Matthews Richard Walters Mark Anderson Carol Green Denise Swaby Carol Harper (from May 2024) Matthew Lloyd (from May 2024) Jemma Carnegie (from May 2024) Sarah Redman (from May 2024) Co-opted Judith Meaden Secretary

Standing Committee:

This is the only committee required by law and it has the power to transact the business of the PCC between meetings, subject to any directions given by the Council.

Business Transacted at the meetings held In 2024 by the PCC included:-

Archdeaconry proposals; the PCC and the DCCs from the Abbey Church and St Lawrence Church joining together to discuss the preferred option from those offered by the Diocese;

Noting the PCC's responsibility to oversee the financial affairs of the Pre-School and acting where necessary;

The Clergy having additional Domestic Abuse modules to complete and new guidelines regarding Healing & Deliverance Ministry;

Faculties and repairs required under Archdeacon's List B;

Architect's Restoration Project covering all work required in the Abbey Church not covered by the Quinquennial Report and proposed discussions with The Church of England Major Churches of which the Abbey is a member; Appointment of Sidespersons to the Abbey Church;

The affirmation of the Authorised Funeral Minister's continuing ministry;

The appointment of Lay Ministers to administer the Chalice;

The major works required to the Rectory which would take between six and eighteen months to complete; Liaison with the local Police and, in particular, their ASBO policy.

Page 7

WALTHAM ABBEY PCC

REPORT OF THE TRUSTEES for the year ended 31 December 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT – continued

DISTRICT CHURCH COUNCILS Waltham Abbey Church DCC

Under the Parish Scheme all other Clerks in Holy Orders beneficed in or licensed to the Parish and the District Churchwardens for St. Lawrence Church are also ex-officio members of the Abbey DCC (although the District Wardens do not have voting rights); however, in practice these members do not serve.

Members who served from 1st January to December 2024 to the date this report was approved are:

Team Rector Reverend Peter Smith (Chairman) Clergy Reverend Trevor Scott Churchwardens Linda Anderson Diocesan Synod Representative Reverend Peter Smith Deanery Synod Representative Jane Shipman Elected PCC Representatives Rachel Matthews Sarah Redman Jemma Carnegie Matthew Lloyd Carol Green Carol Harper Richard Walters Denise Swaby Mark Anderson Elected DCC Representatives Lynette Rodgers Laura MacNeill Abiodun Fakokunde Christopher Theokli Amanda Beggs James Short Abena Ofusu-Adu Jane Hudson Caroline Moores Lynda Beggs (Secretary)

The Abbey Church DCC has sub-groups to carry out a large part of its business which are as follows, their remit being covered by the sub-group title:

Properties & Concerts & Musical Activities Fabric Mission & Outreach Children's/Youth Publicity & Communications Pastoral Properties Social & Fundraising Stewardship Footprint

The DCC met 4 times during 2024 in January, April, June and September.

Business transacted during 2024 by the DCC included:

The DCC agreed to continue to adopt annually the Diocese of Chelmsford's Safeguarding Policy and Procedures. The trustees of the Friends of Waltham Abbey agreed to adopt the policy and procedures of the Church of England and training is to be undertaken. The Parish Safeguarding Officer has ensured that relevant posters with contact details have been set up in the Church and Abbey Church Centre.

The budget for 2024 was fully approved as presented, as was the revised budget presented in June. 300 copies of the Church diary had been made available for the year. Once again it should be noted that these are at no cost to the Church although a donation to church funds is appreciated. Music for Lunch has a new start time of 12 mid-day.

Taylors of Loughborough had fitted new clappers for bells 3,4,5,8 and 11 and two wheels. It was agreed that half of the revenue from the Lent lunches would go to the Bishop's Lent appeal.

The Abbey Church was one of 23 churches in the diocese that has qualified for an environmental audit as a means of accessing the Eco-Church Award scheme.

The Covid 19 recovery team had finally been stood down with great thanks for its positive and professional approach during the pandemic.

Emergency Exit maps have been displayed by the Health & Safety Officer at appropriate places within the church together with the positions of fire extinguishers.

The weathervane has been newly gilded and installed and the glazing repair to the West window completed.

Page 8

WALTHAM ABBEY PCC

REPORT OF THE TRUSTEES for the year ended 31 December 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT – continued

St Lawrence Church District Council

Members of the DCC are either ex-officio or elected at the Annual District Church meeting in accordance with the Parish Scheme or co-opted by the DCC in accordance with that Scheme. The DCC met four times.

Members who served from 1st January, 2024 to the date this report was approved are: January, 2024 to the date this report was approved are:
Team Rector The Revd Peter Smith Chairman
The Revd Jane Begley
Churchwarden Vacant
Deanery Synod Vacant
Elected PCC Representatives
Valerie Lee
Sheila Pearce Secretary
Elected DCC Representatives
Barbara Midgley
Joan O'Mullane
Jill Talbot Treasurer
Beryl Thorpe
Myra Purton (From May 2023)

We seek to be a living and loving church, where all are made welcome in a setting where worship is a priority and each person, knowing they are in the presence of God, feels safe and wanted. A service of Holy Communion is held most Sunday mornings and this has incorporated a café-style format on a number of occasions. In the reorganisation St Lawrence Church became part of the Bradwell Episcopalian Area under Bishop Adam and Archdeacon Jonathon.

The new altar cloth purchased by donations in memory of Canon Joyce Smith was dedicated. Once again St Lawrence joined with the Church at St Thomas to celebrate Christmas Eve and Christmas Day. The DCC were able to meet four times this year.

The church is actively involved with weekly Act of Collective Worship at Hillhouse School. The Church is involved in many of their different activities including attending for a day to teach the children about Easter, Harvest and Christmas. St Lawrence Church Pre-School is regularly attended by the clergy. During the last year social and fund-raising events include:

CHURCH ATTENDANCE

The Electoral rolls were revised in 2024 and at 31st December 2024 there were 163 (2023: 156) members in total on the churches' electoral rolls. Of these 138 (2023: 131) were on the electoral roll of the Abbey, of whom 93 were residents and 45 non-residents.

25 members were on the electoral roll of St Lawrence Church, of whom 21 were residents and 4 non-residents. The average Sunday service attendance at St Lawrence 2024 was adults 22 and no children. At St Lawrence the number attending worship on Easter Sunday was 23 adults and no children.

25 (2023: 25) members were on the electoral roll of St Lawrence Church, of whom 21 were residents and 4 non-residents.

In 2024, there were 4 weddings; 25 funerals were taken in the church and 13 funerals were taken at Crematoriums or graveside. Three Memorial Services and one Vigil prior to a funeral were held. There were sixteen baptisms during the year, 8 infants under one year and 8 children between the age of one and five.

The Waltham Abbey branch of the Mothers' Union again gave bibles suitable for the age to the youngsters and a book of prayers to the adult.

Page 9

WALTHAM ABBEY PCC

REPORT OF THE TRUSTEES for the year ended 31 December 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT – continued

A Deanery Confirmation service was held on 13th October 2024, presided over by +Adam, Bishop of Bradwell, attended by 210 adults and 36 under 16s. Thirty-two candidates were confirmed from churches in the Deanery, there being 7 being confirmed and one adult received in the Church of England from the Abbey Church. 213 attended Easter services with 163 being Communicants.

The average attendance at services held at the Abbey Church during October 2024 was 108 people. 476 adults and 89 under 16s attended services on Christmas Eve and Christmas Day; 272 under 16s and 76 adults attended two schools Christmas services.

The service on Remembrance Sunday was attended by 193 adults and 34 under 16s.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

1129915

Principal address

Parish Office, Abbey Church Centre Abbey Gardens Waltham Abbey Essex EN9 1XQ

PCC Members as Trustees

For the purposes of the financial statements the PCC Members, as listed in the Structure & Governance section, including the Incumbent and Wardens, are the Trustees of the charity and the terms PCC Members and Trustees may be used interchangeably.

Independent Examiner

Mr Christopher Marsh FMAAT Marsh Solutions Limited 82 Berechurch Hall Road Colchester Essex CO2 8RF

12/05/25 Approved by order of the board of trustees on ............................................. and signed on its behalf by:

L Anderson (May 12, 2025 13:47 GMT+1)

........................................................................ L Anderson - Trustee

Page 10

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WALTHAM ABBEY PCC

Independent examiner's report to the trustees of Waltham Abbey PCC

I report to the charity trustees on my examination of the accounts of Waltham Abbey PCC (the Trust) for the year ended 31 December 2024.

Responsibilities and basis of report

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

I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Accounting Technicians, which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

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

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

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Mr Christopher Marsh FMAAT

The Association of Accounting Technicians

Marsh Solutions Limited 82 Berechurch Hall Road Colchester Essex CO2 8RF 12/05/25 Date: .............................................

Page 11

WALTHAM ABBEY PCC

STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 December 2024

Unrestricted
funds
Notes
£
INCOME AND
ENDOWMENTS FROM
Donations and legacies
102,484
Charitable activities
Charitable activities
38,979
Other trading activities
2
23,818
Investment income
3
21,055
Total
186,336
EXPENDITURE ON
Raising funds
2,025
Charitable activities
Charitable activities
174,628
Total
176,653
Net gains on investments
-
NET
INCOME/(EXPENDITURE)
9,683
Transfers between funds
11
1,000
Net movement in funds
10,683
RECONCILIATION OF
FUNDS
Total funds brought forward
26,748
TOTAL FUNDS CARRIED
FORWARD
37,431		 Restricted
Endowment
funds
funds
£
£
10,409
-
87,068
-
-
-
22,133
467
119,610
467
-
-
107,146
1,212
107,146
1,212
386
127
12,850
(618)
(1,000)
-
11,850
(618)
462,142
396,298
473,992
395,680		 31.12.24
31.12.23
Total
Total
funds
funds
£
£
112,893
123,245
126,047
101,785
23,818
22,209
43,655
34,340
306,413
281,579
2,025
2,552
282,986
294,407
285,011
296,959
513
3,177
21,915
(12,203)
-
-
21,915
(12,203)
885,188
897,391
907,103
885,188

The notes form part of these financial statements

Page 12

WALTHAM ABBEY PCC

BALANCE SHEET 31 December 2024

Notes
FIXED ASSETS
Tangible assets
7
CURRENT ASSETS
Debtors
8
Investments
9
Cash at bank
CREDITORS
Amounts falling due within one
year
10
NET CURRENT ASSETS
TOTAL ASSETS LESS
CURRENT LIABILITIES
NET ASSETS
FUNDS
11
Unrestricted funds
Restricted funds
Endowment funds
TOTAL FUNDS		 Unrestricted
funds

£
577
17,769
11,608
19,132
48,509
(11,655)
36,854
37,431
37,431		 Restricted
funds
£
5,037
-
438,169
30,786
468,955
-
468,955
473,992
473,992		 Endowment
funds
£
378,184
-
17,496
-
17,496
-
17,496
395,680
395,680		 31.12.24
Total
funds
£
383,798
17,769
467,273
49,918
534,960
(11,655)
523,305
907,103
907,103
37,431
473,992
395,680
907,103		 31.12.23
Total
funds
£
387,302
15,957
444,540
55,869
516,366
(18,480)
497,886
885,188
885,188
26,748
462,142
396,298
885,188

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 12/05/25

L Anderson (May 12, 2025 13:47 GMT+1)

.............................................

L Anderson - Trustee

The notes form part of these financial statements

Page 13

WALTHAM ABBEY PCC

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements and assessment of going concern

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 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern.

The financial statements are presented in sterling (£).

Critical accounting judgements and key sources of estimation uncertainty

In preparing financial statements it is necessary to make certain judgements, estimated and assumptions that affect the amounts recognised in the financial statements. The following judgements and estimates are considered by the trustees to have most significant effect on amounts recognised in the financial statements.

Useful economic life of tangible fixed assets:

The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are reassessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets.

Income

Voluntary income and capital sources

Collections are recognised when received by or on behalf of the PCC. Planned giving receivable under Gift Aid is recognised only when received. Income tax recoverable on Gift Aid donations is recognised when the gift is received.

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

Other ordinary income

Rental income from the letting of church premises is recognised when the rental is due.

Income from investments

Dividends are accounted for when due and payable. Interest entitlements are accounted for as they accrue. Tax recoverable on such income is recognised in the same accounting year.

Gains and losses on investments

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

Expenditure

Activities directly relating to the work of the church

The Diocesan Parish Share is accounted for when paid. Any parish share unpaid at 31 December is provided for in these accounts as an operational (though not a legal) liability and is shown as a liability in the balance sheet. The Parish Share was paid in full in the year.

Support costs

Support costs are allocated to activities according to the majority of time spent on those activities by the Parish Administration apart from insurance and independent examiners fees which is allocated 100% to charitable activities

continued...

Page 14

WALTHAM ABBEY PCC

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2024

1. ACCOUNTING POLICIES - continued

Tangible fixed assets

Consecrated land and buildings and movable church furnishings

Consecrated and beneficed property is excluded from the accounts in accordance with Charities Act 2011.

Movable church furnishings held by the Rector and Churchwardens on special trust for the PCC, and which require a faculty for disposal, are accounted as inalienable property unless consecrated. They are listed in the church's Inventory, which may be inspected at any reasonable time. For inalienable property acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the accounts. Items acquired since 1 January 2000 have been capitalised and depreciated in the accounts over their currently anticipated useful economic life on a straight-line basis.

All expenditure incurred in the year on consecrated or beneficed buildings, individual items under £1,000 or on the repair of moveable church furnishings acquired before 1 January 2000 is written off.

Other fixtures, fittings and office equipment

Equipment used within the church premises is depreciated on a straight-line basis over ten years. Individual items of equipment with a purchase price less than £1,000 are written off when the asset is acquired.

Investments

Investments are valued at market value at 31 December.

Current assets

Amounts owing to the PCC at 31 December in respect of fees, rents or other income are shown as debtors less provision for amounts that may prove uncollectable.

Short-term deposits include cash held on deposit with the Central Board of Finance of the Church of England, the Chelmsford Diocesan Board of Finance and COIF Charity Funds.

Creditors

Creditors are recognised where the charity has a present obligation resulting from a past event that will result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are recognised at their settlement amount.

Debtors

Trade and other debtors are recognised at the settlement amount. Prepayments are valued at the amount prepaid.

Cash at bank and in hand

Cash at bank and in hand includes cash, current bank accounts and deposit bank accounts with no withdrawal limitations.

Financial Instruments

The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

Fund accounting

General funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application to the general purposes of the PCC. Funds designated for a particular purpose by the PCC are also unrestricted.

The accounts include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body nor those that are informal gatherings of church members.

Page 15

continued...

WALTHAM ABBEY PCC

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 December 2024

2. OTHER TRADING ACTIVITIES

3.

31.12.24 31.12.23
Unrestricted Restricted Endowment
Total		 Total
funds funds funds funds funds
£ £ £ £ £
Church hall lettings etc 5,647 - - 5,647 7,638
External concerts 6,073 - - 6,073 2,752
Internal concerts 4,028 - - 4,028 3,384
Other fund raising 8,070 - - 8,070 8,435
23,818 - - 23,818 22,209
INVESTMENT INCOME
31.12.24 31.12.23
Unrestricted Restricted Endowment
Total		 Total
funds funds funds funds funds
£ £ £ £ £
Rents 20,892 - - 20,892 14,632
Dividends - 475 467 942 962
Interest 163 21,658 - 21,821 18,746
21,055 22,133 467 43,655 34,340

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.

Trustees' expenses

PCC members' expenses

Rev T Scott
Expenses
Rev P Smith
Expenses
J Meaden
Expenses
L Anderson
Fundraising Expenses		 31.12.24
£
521
1,408
87
821		 31.12.23
£
315
2,176
77
1,024

All expenses are repayments of costs incurred directly on behalf of the PCC and are allocated appropriately within the expenditure.

5. STAFF COSTS

Salaries and wages

Social security costs
Other pension costs		 31.12.24
£
122,543
2,670
1,577
126,820
31.12.23
£

116,667

2,502
1,467
120,636

Page 16

continued...

WALTHAM ABBEY PCC

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2024

5. STAFF COSTS - continued

The average monthly number of employees during the year was as follows:

31.12.24 31.12.23
All staff 5 5

No employees received emoluments in excess of £60,000.

6.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
Restricted
Endowment
funds
funds
funds
£
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
120,786
2,459
-
Charitable activities
Charitable activities
38,637
63,148
-
Other trading activities
22,209
-
-
Investment income
14,693
19,155
492
Total
196,325
84,762
492
EXPENDITURE ON
Raising funds
2,552
-
-
Charitable activities
Charitable activities
188,554
104,641
1,212
Total
191,106
104,641
1,212
Net gains on investments
-
1,437
1,740
NET INCOME/(EXPENDITURE)
5,219
(18,442)
1,020
Transfers between funds
4,303
(2,142)
(2,161)
Net movement in funds
9,522
(20,584)
(1,141)
RECONCILIATION OF FUNDS
Total funds brought forward
17,226
482,726
397,439
TOTAL FUNDS CARRIED FORWARD
26,748
462,142
396,298		 Total
funds
£
123,245
101,785
22,209
34,340
281,579
2,552
294,407
296,959
3,177
(12,203)
-
(12,203)
897,391
885,188

The above is the statement of financial activities relating to the year ending 31 December 2023.

continued...

Page 17

WALTHAM ABBEY PCC

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2024

7. TANGIBLE FIXED ASSETS

Freehold
Land &
Leasehold
Buildings
Buildings
£
£
COST
At 1 January 2024 and 31 December 2024
280,000
120,000
DEPRECIATION
At 1 January 2024
-
20,604
Charge for year
-
1,212
At 31 December 2024
-
21,816
NET BOOK VALUE
At 31 December 2024
280,000
98,184
At 31 December 2023
280,000
99,396
8.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Prepayments and accrued income
Prepayments
9.
CURRENT ASSET INVESTMENTS
COIF Charity Funds
Methodist Holiday Hotels Ltd
Central Board of Finance of the Church of England
Chelmsford Diocesan Board of Finance		 Equipment
£
58,817
50,911
2,292
53,203
5,614
7,906
31.12.24
£
11,966
5,803
17,769
31.12.24
£
17,465
1,124
431,188
17,496
467,273		 Totals
£
458,817
71,515
3,504
75,019
383,798
387,302
31.12.23
£
15,957
-
15,957
31.12.23
£
17,080
1,124
409,434
16,902
444,540

The charity holds 860.65 COIF Charity Funds shares which are valued at 2029.33 pence per share (2023: 1,984.50 pence per share)

The 1,124 shares in Methodist Holiday Hotels Ltd are valued at par (2023: par).

continued...

Page 18

WALTHAM ABBEY PCC

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2024

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24 31.12.23
£ £
Trade creditors 1,098 2,522
Taxation and social security 1,405 963
Other creditors 9,152 14,995
11,655 18,480

11. MOVEMENT IN FUNDS

Unrestricted funds
Waltham Abbey - General fund
St Lawrence - General Fund
Restricted funds
Fabric Fund
Organ Fund
Organ Scholarship Fund
Youth Work (Leadbetter)
St Lawrence - Projects
St Lawrence Pre-School
Bruton Fund
Endowment funds
Tithe Chancel
Freehold Land & Buildings
Leasehold Buildings
TOTAL FUNDS		 At 1.1.24
£
20,878
5,870
26,748
388,477
7,824
2,365
26,311
486
26,679
10,000
462,142
16,902
280,000
99,396
396,298
885,188		 Net
movement
in funds
£
6,013
3,670
9,683
7,767
132
122
1,331
-
3,498
-
12,850
594
-
(1,212)
(618)
21,915		 Transfers
between
funds
£
1,000
-
1,000
(874)
(97)
(2)
(27)
-
-
-
(1,000)
-
-
-
-
-		 At
31.12.24
£
27,891
9,540
37,431
395,370
7,859
2,485
27,615
486
30,177
10,000
473,992
17,496
280,000
98,184
395,680
907,103

continued...

Page 19

WALTHAM ABBEY PCC

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2024

11. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
Waltham Abbey - General fund
St Lawrence - General Fund
Restricted funds
Fabric Fund
Organ Fund
Organ Scholarship Fund
Youth Work (Leadbetter)
St Lawrence Pre-School
Endowment funds
Tithe Chancel
Leasehold Buildings
TOTAL FUNDS		 Incoming
resources
£
166,668
19,668
186,336
29,072
3,319
122
1,363
85,734
119,610
467
-
467
306,413		 Resources
expended
£
(160,655)
(15,998)
(176,653)
(21,691)
(3,187)
-
(32)
(82,236)
(107,146)
-
(1,212)
(1,212)
(285,011)		 Gains and
Movement
losses
in funds
£
£
-
6,013
-
3,670
-
9,683
386
7,767
-
132
-
122
-
1,331
-
3,498
386
12,850
127
594
-
(1,212)
127
(618)
513
21,915

continued...

Page 20

WALTHAM ABBEY PCC

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 December 2024

11. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
Waltham Abbey - General fund
St Lawrence - General Fund
Restricted funds
Fabric Fund
Organ Fund
Organ Scholarship Fund
Youth Work (Leadbetter)
St Lawrence - Projects
St Lawrence Pre-School
Bruton Fund
Endowment funds
Tithe Chancel
Freehold Land & Buildings
Leasehold Buildings
TOTAL FUNDS		 At 1.1.23
£
12,563
4,663
17,226
379,562
9,735
2,264
25,230
486
55,449
10,000
482,726
16,831
280,000
100,608
397,439
897,391		 Net
movement
in funds
£
4,012
1,207
5,219
9,778
(707)
105
1,152
-
(28,770)
-
(18,442)
2,232
-
(1,212)
1,020
(12,203)		 Transfers
between
funds
£
4,303
-
4,303
(863)
(1,204)
(4)
(71)
-
-
-
(2,142)
(2,161)
-
-
(2,161)
-		 At
31.12.23
£
20,878
5,870
26,748
388,477
7,824
2,365
26,311
486
26,679
10,000
462,142
16,902
280,000
99,396
396,298
885,188

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
Waltham Abbey - General fund
St Lawrence - General Fund
Restricted funds
Fabric Fund
Organ Fund
Organ Scholarship Fund
Youth Work (Leadbetter)
St Lawrence Pre-School
Endowment funds
Tithe Chancel
Leasehold Buildings
TOTAL FUNDS		 Incoming
resources
£
178,808
17,517
196,325
17,558
3,255
105
2,481
61,363
84,762
492
-
492
281,579		 Resources
expended
£
(174,796)
(16,310)
(191,106)
(9,217)
(3,962)
-
(1,329)
(90,133)
(104,641)
-
(1,212)
(1,212)
(296,959)		 Gains and
Movement
losses
in funds
£
£
-
4,012
-
1,207
-
5,219
1,437
9,778
-
(707)
-
105
-
1,152
-
(28,770)
1,437
(18,442)
1,740
2,232
-
(1,212)
1,740
1,020
3,177
(12,203)

continued...

Page 21

WALTHAM ABBEY PCC

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2024

11. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
Waltham Abbey - General fund
St Lawrence - General Fund
Restricted funds
Fabric Fund
Organ Fund
Organ Scholarship Fund
Youth Work (Leadbetter)
St Lawrence - Projects
St Lawrence Pre-School
Bruton Fund
Endowment funds
Tithe Chancel
Freehold Land & Buildings
Leasehold Buildings
TOTAL FUNDS		 At 1.1.23
£
12,563
4,663
17,226
379,562
9,735
2,264
25,230
486
55,449
10,000
482,726
16,831
280,000
100,608
397,439
897,391		 Net
movement
in funds
£
10,025
4,877
14,902
17,545
(575)
227
2,483
-
(25,272)
-
(5,592)
2,826
-
(2,424)
402
9,712		 Transfers
between
funds
£
5,303
-
5,303
(1,737)
(1,301)
(6)
(98)
-
-
-
(3,142)
(2,161)
-
-
(2,161)
-		 At
31.12.24
£
27,891
9,540
37,431
395,370
7,859
2,485
27,615
486
30,177
10,000
473,992
17,496
280,000
98,184
395,680
907,103

continued...

Page 22

WALTHAM ABBEY PCC

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2024

11. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
Waltham Abbey - General fund
St Lawrence - General Fund
Restricted funds
Fabric Fund
Organ Fund
Organ Scholarship Fund
Youth Work (Leadbetter)
St Lawrence Pre-School
Endowment funds
Tithe Chancel
Leasehold Buildings
TOTAL FUNDS		 Incoming
resources
£
345,476
37,185
382,661
46,630
6,574
227
3,844
147,097
204,372
959
-
959
587,992		 Resources
expended
£
(335,451)
(32,308)
(367,759)
(30,908)
(7,149)
-
(1,361)
(172,369)
(211,787)
-
(2,424)
(2,424)
(581,970)		 Gains and
Movement
losses
in funds
£
£
-
10,025
-
4,877
-
14,902
1,823
17,545
-
(575)
-
227
-
2,483
-
(25,272)
1,823
(5,592)
1,867
2,826
-
(2,424)
1,867
402
3,690
9,712

DETAILS OF RESTRICTED FUNDS

Restricted funds are listed in the note above, and may be used only for the purposes inherent in their titles.

DETAIL OF ENDOWMENT FUNDS

Tithe Chancel Custodian Trustee Chelmsford Diocesan Board of Finance Managing Trustee Waltham Abbey PCC Object The income may be used for chancel repairs or general fire insurance of the whole church building.

Land & Buildings

Land and Buildings comprises Abbey Gardens House. This property was valued on 28 January 1999 by Michael Adkins of J B Property Services. The valuations represented the asking price on the private treaty market. The PCC considers it inappropriate to incur expenditure on new valuations.

The St Lawrence Church building is in the freehold of the Diocese of Chelmsford and is not capitalised.

During the year ended 31 December 2007 the PCC purchased a lease for a period of 99 years for the Church Centre.

continued...

Page 23

WALTHAM ABBEY PCC

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2024

12. COMMITMENTS

The PCC has a liability to carry out a range of repairs to the church building over the next five years as identified in the quinquennial report. Our Architect, Sherry Bates, has outlined an ambitious and thorough proposal for wrapping all the Category 1 and Category 2 recommendations in the report, provision for these plans has not been made in these financial statements as they are still in the preliminary stages. General repairs are ongoing.

13. RELATED PARTY DISCLOSURES

PCC members' related parties remuneration

C Anderson
Expenses
M Meaden
Remuneration
J Walters
Expenses		 31.12.24
£
184
4,020
289		 31.12.23
£
625
3,607
-

14. MONIES COLLECTED ON BEHALF OF OTHER ORGANISATIONS

During the year the PCC collected wedding and funeral fees on behalf of the Diocese. These amounts have not been included in the Statement of Financial Activities, since the amounts do not belong to the charity. At the year end there was a balance of £1,098 owing to other organisations, this amount has been included within creditors

Diocesan fees
Balance brought forward
Wedding and Funeral fees received
Fees remitted to diocese		 £
2,522
9,238
(10,662)
1,098

15. LOANS OR GUARANTEES SECURED AGAINST ASSETS OF THE PCC

No loans or guarantees have been secured against any assets of the PCC.

16. CONNECTED ORGANISATIONS

The Friends of Waltham Abbey is not technically a Connected Organisation. However the PCC wishes to acknowledge with gratitude rent payments and donations towards the maintenance and heating of the fabric of the church.

Page 24

WALTHAM ABBEY PCC

DETAILED STATEMENT OF FINANCIAL ACTIVITIES

for the year ended 31 December 2024

31.12.24 31.12.23
Unrestricted Restricted Endowment Total Total
funds funds funds funds funds
£ £ £ £ £
INCOME AND ENDOWMENTS
Donations and legacies
Planned giving: Gift Aid 48,079 - - 48,079 46,777
Income tax recoverable 16,179 206 - 16,385 16,224
Other planned giving 9,651 - - 9,651 11,297
Collections 9,265 - - 9,265 8,168
Grants 6,700 4,444 - 11,144 8,348
Sundry donations 10,058 1,231 - 11,289 24,693
Donations, appeals, etc 1,959 4,528 - 6,487 2,103
Legacies 593 - - 593 5,635
102,484 10,409 - 112,893 123,245
Other trading activities
Church hall lettings etc 5,647 - - 5,647 7,638
External concerts 6,073 - - 6,073 2,752
Internal concerts 4,028 - - 4,028 3,384
Other fund raising 8,070 - - 8,070 8,435
23,818 - - 23,818 22,209
Investment income
Rents 20,892 - - 20,892 14,632
Dividends - 475 467 942 962
Interest 163 21,658 - 21,821 18,746
21,055 22,133 467 43,655 34,340
Charitable activities
Sales for promotion of the
church's objects 9,426 - - 9,426 8,963
Pre-School income -St Lawrence - 85,438 - 85,438 61,234
Fees 29,553 1,630 - 31,183 31,588
38,979 87,068 - 126,047 101,785
Total incoming resources 186,336 119,610 467 306,413 281,579
EXPENDITURE
Other trading activities
Cost of stewardship giving
envelopes 81 - - 81 81
Internal concerts 744 - - 744 1,132
Other fundraising costs 1,200 - - 1,200 1,339
2,025 - - 2,025 2,552

This page does not form part of the statutory financial statements

Page 25

WALTHAM ABBEY PCC

DETAILED STATEMENT OF FINANCIAL ACTIVITIES

for the year ended 31 December 2024

31.12.24 31.12.23
Unrestricted Restricted Endowment Total Total
funds funds funds funds funds
£ £ £ £ £
Other trading activities
Charitable activities
Sundries 1,607 - - 1,607 875
Missionary & charitable giving 390 - - 390 -
Ministry: Parish Share 54,310 - - 54,310 69,655
Ministry & mission activities 2,240 32 - 2,272 3,282
Pre-School expenses - St
Lawrence - 82,236 - 82,236 90,133
Working expenses of
incumbents 1,408 - - 1,408 1,946
Rectory & vicarage 323 - - 323 318
Other ministers' costs 608 - - 608 393
Church running expenses 21,067 - - 21,067 12,752
Church maintenance 220 15,356 - 15,576 11,863
Upkeep of services 2,940 - - 2,940 2,438
Church Centre running costs 16,303 - - 16,303 23,551
Other PCC property upkeep 3,058 - - 3,058 10,772
Major church repairs - structure - 7,972 - 7,972 1,978
Salaries, wages & fees: Director
of Music 16,581 - - 16,581 15,375
Organists' and pianists' fees 1,559 - - 1,559 2,006
Vergers' fees 15,693 - - 15,693 14,388
Other - - - - 2
Legal and Professional Fees 1,260 - - 1,260 1,221
Long leasehold - - 1,212 1,212 1,212
Depreciation 743 1,550 - 2,293 1,773
Loss on sale of tangible fixed
assets - - - - 1,131
140,310 107,146 1,212 248,668 267,064
Support costs
Management
Insurance 11,264 - - 11,264 5,704
Telephone Church Office 1,272 - - 1,272 1,205
Stationery 439 - - 439 278
Photocopying Costs 553 - - 553 588
Computer Service 43 - - 43 162
Parish Administration 18,822 - - 18,822 17,556
32,393 - - 32,393 25,493
Governance costs
Accountancy and legal fees 1,925 - - 1,925 1,850
Total resources expended 176,653 107,146 1,212 285,011 296,959
Net income/(expenditure)
before gains and losses 9,683 12,464 (745) 21,402 (15,380)

This page does not form part of the statutory financial statements

Page 26

WALTHAM ABBEY PCC

DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 December 2024

31.12.24 31.12.23
Unrestricted Restricted Endowment Total Total
funds funds funds funds funds
£ £ £ £ £
Realised recognised gains and losses
Realised gains/(losses) on
investments - 386 127 513 3,177
Net income/(expenditure) 9,683 12,850 (618) 21,915 (12,203)

This page does not form part of the statutory financial statements

Page 27