Charfty number: 1130679
THE PAROCHIAL CHURCH COUNCIL OF
ST MARGARET'S LElGH-oN￿EA
UNAUDITED
PCC MEMBERS. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
VINTwfys

THE PAROCHIAL CHURCH COUNCIL OF ST MARGAREfs LEIGH￿N￿EA
CONTENTS
Page
Reference and administrative detalls of the PCC, its PCC members and advisers
PCC members. report
Independent examiner's report
Statement of financial activities
Balance sheet
10
Notes to the financial statsments
11-24

THE PAROCHIAL CHURCH COUNCIL OF ST MARGAREfs LEIGH-ON-SEA
REFERENCE AND ADMINISTRATIVE DETAILS OF THE PCC, ITS PCC MEMBERS AND ADVISERS
FOR THE YEAR ENDED 31 DECEMBER 2024
PCC memb8rs
Fr. David Wylie, Chaimian
Mr Michael Bridge
Mrs Kate Baynes
Mrs Carol Dowsett (resigned 26th May 2024)
Mr Peter Fisher
Mr Donald Fraser
Mrs Loma Green
Mr John May
Mrs Tracey Miller (previously Searle)
Mr James St John Marfell Smith
Mr Peter Maddox
Mr David Stowe
Mrs Lucia Curthoys
Mr John Lamb (appointed 26th May 2024)
Charlty reglstered
number
1130679
Principal office
St Margarets's Vicarage
1465 London Road
Leigh on Sea
Essex
SS9 2SB
Independent examiner
stuart Rowson FCA
Venthams
Chartered Accountsnts
Millhouse
32 - 38 East street
Rochford
Essex
SS4 1DB
Bankers
Santander UK PIC
Bridle Road
Bootle
Merseyside
G1ROAq
National Westminster Bank PIC
250 Bishopsgate
London
EC2M 4AA
Page 1

THE PAROCHIAL CHURCH COUNCIL OF ST MARGARET'S LEIGHQN4EA
PCC MEMBERS. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The PCC members present their annual report together with the financial statements of the The Parochial
Church Council of the Ecclesiastical Parish of St Margaret's, Leigh on Sea for the 1 January 2024 to 31
December 2024.
St Margaret's Church is situated in Leigh-on-sea Essex, in the Deanery of Hadleigh in the Episcopal Area of
Bradwell in the Diocese of Chelmsford. The correspondence address is St Margaret's Vicarage, 1465 London
Road, Leigh-on-sea, Essex SS9 2SB. The parish website is at www.saintmargaretsleigh.org.
The PCC also operates under the name of The Parochial Church Council of St Margaret's, Leigh on Sea.
st Margaret's Parochial Church Council (PCC) has the responsibility of cooperating with the incumbent in
promoting within the ecclesiastical parish the mission of the church in its pastoral, liturgical and evangelistic
dimensions. The PCC is also specffically responsible for the maintenance of the church, church hall and other
properties of St Margaret's, LeIgh￿n￿ea.
Objectives and activltles
a. Policies and objectlves
The PCC is committed to enabling as many people as possible to worship both within the church and through
the parish. The PCC has a cooperative oveNiew of worship and how our liturgical and wider mission may
involve the many groups that live and work within our parish. Our worship has a sacramental and scriptural
focus and encourages faith in personal prayer and action.
When planning our acttvities for the year we considered the Charity Commission's guidance on public benefit
and. in particular the supplementary guidance on charities for the advancement of religion.
b. Strategies and actlvltles for achieving objectives
We strive to enable ordinary people to live out their faith as part of our parish community through:
Worship and prayer, learning about the gospel; and developing their knowledge and trust in Jesus.
Provision of pastoral care for people living in the parish
Missionary and OLrtreach work
To facilitate this work, it is important that we maintain the fabrtc of the church of St Margaret and the Church
Hall.
c. Volunteers
We would like to thank those who have felt able to continue to volunteer this year in various ways to keep our
parish going forthe sake of others and the wider community.
Page 2

THE PAROCHIAL CHURCH COUNCIL OF ST MARGARET'S LEIGH-ON-SEA
PCC MEMBERS. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Achievements and performance
a. Main achievements of the PCC
Worship and prayer
Worship is central to the lrfe of St Margaret's. The pattem of worship both within the church at home and
across our schools has largely reverted to pre-pandemic times although the chU￿h layout has been kept in a
more spacious layout. The pattem of daily worship prayer and regular celebration of the Eucharist has
continued, maintaining the aesthetic importance of our lilurgy, including music and seNing.
The church was used for baptisms, weddings and funerals during the year.
As at 31 December 2024 there were 93 persons on the church electoral roll, 43 of whom were resident outside
of the parish, 45 live in the parish and there are 5 of Good Standing.
Deanery Synod
St Margarefs has two lay representatives on the Hadleigh Deanery Synod. By reason of holding these
positions, they are ex-officio members of the PCC. They provide an important link between the parish and
other parishes in the deanery.
The Church Hall
The church hall seNes a dual purpose. Firstly, it is used for church 8Ctivities and by groups associated with the
church and generates income from lettings. The church hall is part of our outreach to the wider community.
Pastoral car8
Some of our people are unable to attend church due to sickness or age. We established a buddy system to
ensure all members of the church community were contacted regularly. We try to ensure that all members of
the church who are housebound are visrted on a regular basis. When members of the congregation are
hospitalised, we arrange for them to be visited by the Hospital Chaplain.
Misslon and Evangelism
Helping those in need is a demonstration of faith. As a church we regularly support the Ukraine Appeal,
Christian Aid. The Children's Society, The Royal British Legion. Water Aid, HARP and Serving the Homeless.
We also support the Additional Curates Society
Some of the services held during the year are normally structured to attract those members of the community
who were not regular members of our congregation" for example, Mothering Sunday, Harvest Festival,
Remembrance Sunday, the Carol Service and Crib Service.
We publish a quarterly bulletin for our congregation and the wider community We see this as being part of the
outreach of St Margaret's.
Page 3

THE PAROCHIALCHURCH COUNCIL OF ST MARGARET'S LEIGH4)N4EA
PCC MEMBERS. REPORT ICONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Achlevements and performance (continued)
b. Safeguardlng
The PCC has 8 legal requirement to report on Safeguarding progress and include a statement as to whether or
not they have complied with their duty and have 'due regard. to the 'House of Bishops, Safeguarding Policy and
Practice Guidelines.
Our Parish is committed to the 5 st8ndards of Culture, Leadership & Capacity, Prevention, Recognising,
Assessing & Managing Risk, Victims & Survivors and Leaming, finalty Supervision and Support. In 2023 The
Church of England approved these Standards stating its intention to achieve them in its Safeguarding work.
PCC members have been DBS checked in accordance with guidelines which state that these are now
undertaken every 3 years. In May 2024 there was a Safeguarding training session at st .Margaret's for
members of our PCC. and members of our congregation. The expectstion by the Diocese that all such training
is undertaken 'online' has been recognised as being unrealistic.
There have been no Safeguarding concerns recorded during the past year. We have adopted and implemented
the House of Bishops 'Promoting a Safer Church.,
Page 4

THE PAROCHIAL CHURCH COUNCIL OF ST MARGARET'S LEIGH4)N-SEA
PCC MEMBERS. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Flnancial review
a. Going concern
After making appropriate enquiries, the PCC members have a reasonable expectation that the PCC has
adequate resources to continue in operational existence for the foreseeable fLrture. For this reason, they
continue to adopt the going con￿rn basis in preparing the tinancial statements. Further details regarding the
adoption of the going concern basis can be found in the accounting policies.
b. Reserves policy
It is our policy to invest short term investment fund balances with the CCLA Church of England Deposit Fund.
20% of our property income is transferred to a'Property Mission Fund..
. Summary
Total receipts of unrestricted funds were up by around 5Q/o of 2023. Collections increased by around 50 /0, whilst
income from the envelope scheme decreased to 31 % of the 2023 figure. Income from hall lettings increased by
3 /0 and Propety Income incieased. Interest received remained significant due to higher interest rates.
Due mainly to the dedicated efforts of Julia Fenton, we were again able to run a Summer and Christmas Fair.
As always, the outreach to the local community was at the heart of the ventures.
A further £12K needed to be spent on Eaton Road. The net result for the year was a small surplus after £8K
was transferred to our'Property Mission Fund..
£138K was spent from unrestricted funds to provide the Christian ministry from St Margaret's church. This
includes a contribution of £60,557 to the Diocesan Parish Share which was 620/0 of the requested amount of
£98K. We matched our Share to the Share requested to our 'equivalent' parish of St James the Great, Leigh-
on￿ea.
The Diocesan Parish Share largely provides the stipends, pensions and housing for the clergy as well as
general running costs of the Diocese. The total Diocesan Parish Share requirement is shared out between the
churches according to a fomiula that is based mainly on the congregation headcount and perceived ability to
pay (a.k.a. "Deprivation factorf)
Page 5

THE PAROCHIAL CHURCH COUNCIL OF ST MARGARET'S LEIGHQN*EA
PCC MEMBERS. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Structure, governance and management
. Constltution
The Parochial Church Council is a corporate body established by the Church of England. The PCC operates
under the 1958 Parochial Church Council Measure. The PCC is a RegisteredlExcepted Charity (Charity No.
1130679>
b. Methods of appointment or election of PCC members
The PCC Consists of our parish priest (Father David), the churchwardens. our Deanery Synod representatives
and a number of representatives of the laity. All suitably qualified members of the congregation are encouraged
to apply for inclusion on the electoral roll and to stand for election to the PCC. Churchwardens are elected in
accordance with the provisions of the Churchwardens Measure 2001. Deanery Synod representatives and
representatives of the laity are elected in accordance with the Church Representstion Rules 2006 as
subsequently amended
PCC members who have served at any time from 1 January 2024 until the date this report was approved are..
Ex officio members:
Incumbent." Fr. David Wylie - Chainnan
Church Wardens..
Mr Michael Bridge ( to June 2024)
Mr John Lamb { from June 2024)
Mr Peter Maddox
Elected representatives that have served during the year.
Mrs Kate Baynes - Deanery Synod representstive
Mr Michael Bridge- (from June 2024)
Mrs Carol Dowsett- Secretary (resigned 26 May 2024)
Mr Peter Fisher - Deanery Synod representative
Mr Donald Fraser - Treasurer
Mr John Lamb
(appointed 26 May 2024, resigned June 2024 once Church Warden)
Mr John May
Mrs Tracey Miller - {previousEy Searle)
Mr David Stowe
Mrs Lorna Green
Mr8 Lucia Curthoys
Mr James St John Marfell Smith
Secretary
Mr Robert Southward
c. Organlsational structure and declsion-making policies
The PCC is responsible for making decisions on all matters of general concern and importance to the parish
including deciding on how the funds of the church are to be spent.
The full PCC met 5 times during the year with an average level of attendance of approximately 69 %. Business
which is of an urgent nature was dealt with by the Standing Committee.
Page 8

THE PAROCHIAL CHURCH COUNCIL OF ST MARGAREfs LEIGH-ON4EA
PCC MEMBERS, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Structure, governance and management (continued)
d. Financial risk management
The PCC members have assessed the major risks to which the PCC is exposed, in particular thoso related to
the operations and finances of the PCC, and are satisfied that systems and procedures are in pla￿ to mitigate
exposure to the major risks.
Members, liability
The Members of the PCC guarantee to contribute an amount not exceeding £1 to the assets of the PCC in the
event of winding up.
Statement of PCC members. responsibilities
The PCC members are responsible for preparing the PCC members, report and the financial statements in
accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally
Accepted Accounting Practi￿).
The law applicable to charities in England & Wales requires the PCC members to prepare financial ststements
for each financial which give a true and fair view of the state of affairs of the PCC and of its incoming resources
and application of resources. including its income and expenditure, for that period. In preparing these financial
statements, the PCC members are required to..
select suitable accounting policies and then apply them consistently-
obsetve th8 methods and principles of the Charities SORP (FRS 102)-
make judgments and accounting estimates that are reasonable and prudent.,
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any
material departures disclosed and explained in the financial statements.
prepare the financial statements on the going concem basis unless it is inappropriate to presume that the
PCC will continue in business.
The PCC members are responsible for keeping adequate accounting records that are sufficient to show and
explain the PCC'S transactions and disclose with reasonable accuracy at any time the financial position of the
PCC and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity
(Accounts and Reports) Regulations 2008 and the provisions of the The Church of England. They are also
responsible for safeguarding the assets of the PCC and hence for taking reasonable steps for the prevention
and detection of fraud and other I￿egular1tie$.
Approved by order of the me
ers
e board of PCC members and signed on their behalf by..
avld ivylie
haimian
Date:
2gLC
Page 7

THE PAROCHIAL CHURCH COUNCIL OF ST MARGARETS LEIGH-ON-SEA
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
Independent examiner's report to the PCC m8mb8rs of The Parochial Church Councll of St
Margarevs LeIgh￿n-sea {'the PCC,)
I report to the members on my examination of the accounts of the PCC for the year ended 31 December 2024.
Responsibllltles and basls of report
As the members of the PCC you are responsible for the preparation of the accounts in accordance with the
requirements of the Charities Act 2011 ('the 2011 Acr).
I report in respect of my examination of the PCC'S accounts carried out under section 145 of the 2011 Acl and
in carrying out my examination I have followed the applicable Directions given by the Charity Commission under
section 145(5)(b) of the 2011 Act.
Independent examin8rf3 statement
Your attention is drawn to the fad that the PCC has prepared the accounts in accordance with Accounting and
Reporting by Charities.. Ststement of Recommended Practi￿ applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in
preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1
April 2005 which is referred to in the extant regulations but has been withdrawn.
l understand that this has been done in order for the accounts to provide a true and fair view in accordance with
the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January
2015.
I have compl&ted my examination. I confirm that no matters have come to my attention in connection with the
examination giving me cause to believe that in any material respect..
accounting records were not kept in respect of the PCC as required by section 130 of the 2011 Act., or
the accounts do not accord wÈth those records" or
the accounts do not comply with the applicable requirements Con￿rning 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 fairf view which is not a malter 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.
This report is made solely to the members, as a body, in accordance with Part 4 of the Charities (Accounts and
Reports) Regulations 2008. My work has been undertsken so that I might state to the PCC members those
matters l am required to state to them in an independent examine¢s report and for no other purpose. To the
fullest extent pemitted by law, I do not accept or assume responsibilty to anyone other than the PCC members
as a body, for my work or for this report.
Signed:
stuart Rowson
Dated..
FCA
Venthams
Chartered AcLountants,
Millhouse, 32- 38 East street, Rochford, Essex SS4 1 DB
Page 8

THE PAROCHIAL CHURCH COUNCIL OF ST MARGARET'S LEIGHQN4EA
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
Unrestrlcted
funds
2024
Restricted
funds
2024
Totsl
funds
2024
Total
fvnds
2023
Note
Income from:
Voluntary income
Church activities
Activities for generating funds
Investments
54,711
47,330
3,248
46,423
15,743
qo
70,454
47,340
3,248
46,423
59,011
45, 169
3,209
34,009
Total Income
151,712
15,753
167,465
141,398
Expendlture on:
Raising funds
Church activiiies
160
140,037
549
128,839
138,053
1.984
Total expenditure
138,213
1,984
140,197
129,388
Net Income
Transfers between funds
13.499
(633>
13.769
633
27,268
12,010
18
Net movement in funds
12.866
14,402
27,268
12,010
Reconclllatlon of funds:
Total funds brought forward
Net movement in funds
533,755
12,866
13,203
14,402
546,958
27.268
534, 948
12,010
Total funds carried foNard
546,621
27,605
574,226
546, 958
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 11 to 24 fom part of these financial statements.
Page 9

THE PAROCHIAL CHURCH COUNCIL OF ST MARGAREfs LEIGHiIN4EA
BALANCE SHEET
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2023
Note
Ftxed assets
Tangible assets
13
269,837
269,837
269,837
269,837
Current assets
stocks
Debtors
Cash at bank and in hand
14
15
400
9,867
306,474
400
3, 163
277,831
316,741
281,394
Creditors: amounts falling due within one
year
16
(12,352)
(4,273)
Net current assets
304,389
277, 121
Totsl assets less current liabilities
574,226
546, 958
Net assets excludlng pensSon asset
574.226
546, 958
Totsl n8t assets
574,226
546,958
Funds
Restricted funds
Unrestricted funds
18
18
27.605
546,621
13,203
533, 755
Total funds
574.226
546,958
The financial statements were approved and authorised for issue by the PCC members and signed on their
behalF by:
David Wylie
Date..
The notes on pages 11 to 24 form part of these financial statements.
Page 10

THE PAROCHIAL CHURCH COUNCIL OF ST MARGARET'S LElGH-oN￿EA
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
General Information
St Margaret's Church is situated in Leigh-on-sea Essex, in the Deanery of Hadleigh in the Episcopal Area
of Bradwell in the Diocese of Chelmsford. The correspondence address is St Margaret's Vicarage, 1465
London Road, Leigh-on-sea, Essex SS9 2SB. The parish website is at www.saintmargaretsleigh.org.
Accountlng pollcles
2.1 Basis of preparation of financial statements
The financial statements 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), the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fairf view and have departed from
the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true
and fairf view. This departure has involved following the Charities SORP (FRS 102) published in
October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended
Practi￿ effective from 1 April 2005 which has since been withdrawn.
The Parochial Church Council of St Margaret's Leigh-on-sea meets the definttion of a public benefit
entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction
value unless otherwise stated in the relevant accounting policy.
2.2 Income
All income is recognised once the PCC has entitlement to the income, it is probable that the income
will be received and the amount of income receivable can be measured reliably.
The recognition of income from legacies is dependent on establishing entitlement, the probability of
receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of
entitlement to a legacy exists when the PCC h8s sufficient evidence that a gift has been left to them
(through knowledge of the existence of a valid will and the death of the benefactor) and the executor
is satisfied that the propety in question will not be required to satisfy daims in the estate. Receipt of
a legacy must be recognised when it is probable that it will be received and the fair value of the
amount receivable, which will generally be the expected cash amount to be distributed to the PCC,
can be reliably measured.
On receipt, donated professional services and facilities are recognised on the basis of the value of
the gift to the PCC which is the amount it would have been willing to pay to obtain services or
facilities of equivalent economic benefit on the open market. a corresponding amount is then
recognised in expenditure in the period of receipt.
Income tax recoverable in relation to investment income is recognised at the time the investment
income is receivable.
Page11

THE PAROCHIAL CHURCH COUNCIL OF ST MARGARET'S LEIGH￿N-sEA
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies (continued)
2.3 Expendlture
Expenditure is recognised once there is a legal or constructive obligation to transfer economic
benefit to a third party, it is probable that a transfer of economic benefrts will be required in
settlement and the amount of the obligation can be measured reliably. Expenditure is classified by
activity. The costs of each activity are made up of the total of direct costs and shared costs,
including support costs involved in undertaking each activity. Direct costs attributable to a single
activity are allocated directly to that activity. Shared costs which contribute to more than one activity
and support costs which are not attributable to a single activity are apportioned between those
activities on a basis consistent with the use of resources. Central staff costs are allocated on the
basis of time spent, and depreciation charges allocated on the portion of the asset's use.
Expenditure on raising funds includes all expenditure incurred by the PCC to raise funds for its
charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the
PCC'S objectives, as well as any associated support costs.
Grants payable are charged in the year when the offer is made except in those cases where the
offer is conditional, SUGh grants being recognised as expenditure when the conditions attaching are
fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a
commitment, but not accrued as expenditure.
All expenditure is inclusive of irrecoverable VAT.
2.4 Interest recelvable
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the PCC., this is normally upon notification of the interest paid or payable by the institution
with whom the funds are deposited.
2.5 Tangible flxed assets and depreciatlon
Tangible fixed assets costing £1,000 or more are capitalised and recognised when future economi
benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model,
langible fixed assets are measured at cost less accumulated depreciation and any accumulated
impairment losses. All costs incurred to bring a tangible fixed asset into its intended working
condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value
over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
Freehold property
Equipment and Stairlift
200/0 Straight line basis
2.6 Consecrated and benefice property
In so far as consecrated and benefice propety of any kind is excluded from the statutory definition of
"charity, by Section 10(2) (a) and (c) of the Charities Act 2011 such assets are not capitalised in the
financial statements.
Page 12

THE PAROCHIAL CHURCH COUNCIL OF ST MARGARETS LEIGH￿N￿EA
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies {continu8d)
2.7 Moveable church furnishings
These are capitalised at cost and depreciated over their useful economic life other than where
insufficient infomiation is available. In this case the items are not capitalised, but all items are
included in the Church's inventory in any case.
2.8 Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for
obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of
fixed and variable overheads.
2.9 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
2.10 Cash at bank and In hand
Cash at bank and in hand includes cash and short-tenn highly liquid investments with a short
maturity of three months or less from the date of acquisition or opening of the deposit or similar
account.
2.11 Liabilities and provlslons
Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past
event, it is probable that a transfer of economic benefit will be required in settlement, and the
amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the PCC anticipates it will pay to settle the debt or the
amount it has received as advanced payments for the goods or Se￿l¢eS it must provide.
2.12 Financlal instruments
The PCC only has financial assets and financial 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.
2.13 Operating leases
Rentals paid under operating leases are charged to the statement of financial activities on a straight
line basis over the lease tenn.
Page 13

THE PAROCHIAL CHURCH COUNCIL OF ST MARGAREfs LEIGHffjN￿EA
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER2024
Accounting policies (continued)
2.14 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the PCC
members in furtherance of the general objectives of the PCC and which have not been designated
for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the PCC members for
particular purposes. The aim and use of each designated fund is set out in the notes to the financial
statements.
Restricted funds are funds which are to be used in accordance with specrfic restrictions imposed by
donors or which have been raised by the PCC for particular purposes. The costs of raising and
administering such funds are charged against the specrfic fund. The aim and use of each restricted
nd is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
Income from donations and legacies
Unrestricted Restrlcted
funds
funds
2024
2024
Total
funds
2024
Donations
Legacies
54,711
14,743
1,000
69,454
1,000
54,711
15,743
70,454
Unrestricted
funds
2023
Restricted
funds
2023
Total
funds
2023
Donations
Legacies
49,483
4,528
54,011
49,483
9, 528
59,011
Page 14

THE PAROCHIAL CHURCH COUNCILOF ST MARGAREfs LEIGHQN*EA
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Income from charitable activities
Unrestricted Restrlcted
funds
funds
2024
2024
Total
funds
2024
Income from charitable activities - Church activities
47,330
10
47,340
Un￿Stricted
funds
2023
Total
funds
2023
Income from charitsble activities- Church activities
45, 169
45, 169
Income from other tradlng actlvities
Income from fundraising events
Unrestricted
funds
2024
Totsl
funds
2024
Other Fundraising activities
3.248
3,248
Unrestricted
fvnds
2023
Total
ftinds
2023
Other Fundraising Activities
3, 209
3,209
Page 15

THE PAROCHIAL CHURCH COUNCIL OF ST MARGARET'S LEIGH￿N-sEA
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Investment income
UnrestrScted
funds
2024
Totsl
funds
2024
Rent received
Bank Interest receivable
33,860
12,583
33,860
12,663
46,423
46,423
UnTrstricted
funds
2023
Total
funds
2023
Rent re￿iVed
Bank interest receivable
23,495
10,514
23, 495
10,514
34, 009
34, 009
Expenditure on ralslng funds
Costs of ralslng voluntary income
Unrestricted
funds
2024
Total
funds
2024
Other Fundraising activities
160
160
Page 16

THE PAROCHIAL CHURCH COUNCIL OF ST MARGAREfs LEIGH-ON-SEA
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER2024
Expenditure on raising funds (contlnued)
Costs of ralsing voluntary income (¢ontlnued)
Unrestricted
funds
2023
Total
funds
2023
Other fundraising activities
549
Analysis of grants
Grants to
Instltutions
2024
Total
funds
2024
Grants, Church activities
1,884
1.884
Grants to
Institutions
2023
Tot81
funds
2023
Grants. Church activities
4,425
4,425
Analysls of expendlture on charitable actlvltles
Summary by fund type
Unrestrlcted Restrlcted
funds
funds
2024
2024
Total
2024
Church activities
138,053
1,984
140,037
Page 17

THE PAROCHIAL CHURCH COUNCIL OF ST MARGARET'S LEIGH4)N4EA
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Analysls of expenditure on charitable activities (continued)
Summary by fund type (continued)
Unrestricted
funds
2023
Restncted
funds
2023
Total
2023
Church activities
124,037
128,839
10. Analysis of expenditure by activities
Activities
undertaken
dlrectly
2024
Grant
funding of
activities
2024
Total
funds
2024
Church activities
138,153
1,884
140.037
Activities
undertaken
directly
2023
Grant
fvnding of
activitl8S
2023
Total
fvnds
2023
Church actNities
124,414
4,425
128, 839
Page 18

THE PAROCHIAL CHURCH COUNCIL OF ST MARGARET'S LEIGH-ON-SEA
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER2024
10. Analysis of exp8nditure by actlvltles (continued)
Analysis of direct costs
Church
actlvltles
2024
Total
funds
2024
Ministry costs.. Diocesan Parish Share
Minstry costs.. Other ministry costs
Church running and maintenan
Church exterior and yard costs
Church Hall running and maintenance
Sanctuary expenses
Music and organ running costs
Printer and stationery
Photocopier rental
Other expenses
Independent examiner's remuneration
Rental property costs
60,031
3,291
32,734
668
26,976
772
{3,325)
193
972
658
800
14,383
60.031
3,291
32,734
668
26,976
772
(3.325)
193
972
800
14.383
138,153
138,153
ChurGh
activities
2023
Total
funds
2023
Ministry costs: Diocesan Parish Share
Minstry costs: Other ministry costs
Church running and maintenance
Church exterior & yard costs
Church Hall running and maintenance
Sanctuary expenses
Music and organ running costs
Printer and stationery
Photocopier rental
other expenses
Independent examinerfs remuneration
Rental property costs
60,354
3, 122
23,741
631
13,278
1,613
1,374
1,614
4, 738
705
60,354
3, 122
23, 741
631
13,278
1,613
1,374
1,614
4, 738
705
800
12,444
12,444
124,414
124,414
Page 19

THE PAROCHIAL CHURCH COUNCIL OF ST MARGARET'S LEIGH-ON-SEA
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
11. Inde￿ndent examiner's remuneration
2024
2023
Fees payable to the PCC'S independent examiner for the independent
examination of the PCC'S annual accounts
800
800
12. PCC members. remuneration and expenses
During the year, no PCC members received any remuneration or other beneffts (2023 - £NIL).
During the year ended 31 December 2024, expenses totalling £3,561 were reimbursed or paid directly to
3 PCC members {2023- £3, 453 to 5 PCC members).
13. Tangible fixed assets
Freehold
property
Plant and
machinery
Total
Cost or valuation
At 1 January 2024
311.926
28,607
340,533
At 31 December 2024
311,926
28,607
340,533
Depreciation
At 1 January 2024
42,089
28,607
70.696
At 31 December 2024
42,089
28,607
70,696
Net book value
At 31 December 2024
269,837
269,837
At 31 December 2023
269,837
269,837
14. Stocks
2024
2023
Consumables
400
400
Page 20

THE PAROCHIAL CHURCH COUNCIL OF ST MARGARET'S LEIGH-ON-SEA
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
15. Debtors
2024
2023
Due wlthln one year
Prepayments and accrued income
9,867
3,163
9.867
3,163
16. Creditors: Amounts falllng due within one year
2024
2023
Trade creditors
other creditors
Accruals and deferred income
887
11,456
337
3,927
12,352
4,273
17. Flnancial instruments
2024
2023
Flnancial assets
Financial assets measured at fair value through income and expenditure
306,474
277,831
Page 21

THE PAROCHIAL CHURCH COUNCIL OF ST MARGARETS LEIGHQN4EA
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
18. Statement of funds
statsment of funds - current year
Balance at
31
December
2024
Balance at 1
January
2024
Transfers
inlout
Income Expenditure
Unrestricted funds
Designated funds
Maintenance Fund
Legacy Fund
Vestments
Youth Work
Property Mission Fund
11,229
257.636
401
500
21.469
11,229
2S7,636
401
780
29,309
280
7,840
291,235
8.120
299,355
General funds
General Fund
242,520
151,712
(138.213)
18.753)
247.266
Total Unrestrlcted funds
533,765
151,712
1138,213)
(633)
546,621
Restricted funds
Restricted Fund - Lift
Restricted Fund- Church
Exterior
Restricted Fund- Charitable
Gtving Overseas
Restricted Fund- Flowers and
Fauna
Restricted Fund- Legacy
Restricted Fund- Charitable
Giving- Home
Restrited Fund- Stained
Glass Window
4,086
4,086
2,387
363
2,750
(22
(22)
1,588
5.000
120
1,000
{100)
1.608
6,000
2,003
(1,884)
283
12,630
270
12,900
13,203
15,753
(1,984)
633
27,605
Total of funds
546,958
167,465
(140,197)
574,226
Page 22

THE PAROCHIALCHURCH COUNCIL OF ST MARGARETS LEIGH4)N4EA
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
18. Ststement of funds (continued)
ststement of funds - prior year
Balance al
31
December
2023
Balance at
l January
2023
TTrnsfers
in/out
Income Expenditure
Unrestricted funds
Designat8d funds
Maintenance Fund
Legacy Fund
Vestments
Youth Work
Property Mission Fund
11,229
257, 636
401
500
13,369
11,229
257, 636
401
500
21,469
8, 100
283, 135
8, 100
291,235
General funds
General Fund
243, 336
131,870
(124,586)
(8, 100)
242,520
Totsl Unrestr5cted funds
526,471
131,870
(124, 586)
533, 755
Restricted funds
Restricted Fund - Lift
Restricted Fund- Church
Exterior
Restricted Fund- Charitable
Gtving Overseas
Restricted Fund- Flowers and
Fauna
Restricted Fund- Legacy
Restricted Fund- CharFtable
Giving- Home
4,086
4,086
2, 688
(301)
2,387
(22)
834
(834)
(22)
1.665
(77)
1,588
5,000
5,000
60
3, 694
{3.590)
164
8,477
9,528
(4, 802)
13,203
Total of funds
534,948
141,398
(129,388)
546, 958
Page 23

THE PAROCHIAL CHURCH COUNCIL OF ST MARGARET'S LEIGH￿N-sEA
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
19. Summary of funds
Summary of funds - current year
Balance at
31
December
2024
Balance at 1
January
2024
Transfers
inlout
Income Expenditure
Designated funds
General funds
Restricted funds
291,235
242,520
13.203
8,120
(8,753)
633
299,355
247.266
27,605
151,712
15,753
(138,213}
(1,984)
646,958
167,465
(140,197
574,226
Summary of funds- prior year
Balance at
31
December
2023
Balance at
l January
2023
Transfers
in/out
Income Expenditure
Designated funds
General funds
Restricted funds
283, 135
243,336
8,477
8, 100
(8, 100)
291,235
242,520
13,203
131,870
9,528
(124,586)
{4, 802)
534,948
141,398
(129,388)
546,958
20. Operatlng lease commitments
At 31 December 2024 the PCC had commitments to make future minimum lease payments under non-
cancellable operating leases as follows:
2024
2023
Later than 1 year and not later than 5 years
2.635
5,021
Page 24