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← The Parochial Church Council Of The Ecclesiastical Parish Of Christ Church, Emmanuel, St John The Divine And St Mary Magdalen, Billericay, And St Mary

2023-12-31-accounts

BILLERICAY AND LITTLE BURSTEAD TEAM MINISTRY UNAUDITED FINANCIAL STATEMENTS 31 DECEMBER 2023

Charity Number : 1131650

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Edmund Carr LLP Chartered Accountants 146 New London Road Chelmsford Essex CM2 0AW

BILLERICAY AND LITTLE BURSTEAD TEAM MINISTRY

FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2023

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CONTENTS PAGE
Trustees' annual report 1
Independent Examiner's report to the Trustees 11
Statement of financial activities 12
Balance sheet 13
Notes to the financial statements 14
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BILLERICAY AND LITTLE BURSTEAD TEAM MINISTRY TRUSTEES' ANNUAL REPORT YEAR ENDED 31 DECEMBER 2023

OBJECTIVES AND ACTIVITIES

Legal and Administrative Information

The PCC is a body corporate (PCC Powers Measure 1956 and Church Representation Rules 2006) and a charity currently registered with the Charity Commission Registered Charity Number 1131650.

Parish Name The Billericay and Little Burstead Team Ministry Diocese & Diocesan Parish Code Chelmsford 10.03 Deanery Basildon Archdeanery Southend Episcopal Area Bradwell Address c/o Emmanuel, Laindon Road, Billericay, Essex. CM12 9LD Website www.billericaychurches.org Independent Examiner Sandra Morrell FCCA, Edmund Carr LLP, 146 New London Road, Chelmsford, Essex, CM2 0AW

Aims of the Organisation

The Parochial Church Council (Powers) Measure 1956, section 2, directs that a Parochial Church Council (i.e., The Billericay & Little Burstead Team Ministry), has the responsibility of co-operating with the Rector, alongside the Team Vicars, in promoting within the ecclesiastical parish the whole mission of the Church:

The PCC also has the responsibility to maintain all church buildings and grounds. Thus, the prime purpose of the church is to maintain and develop the community of Christian believers and to use the strength of that community to promote the beliefs of and in Christ through outreach, care for those in need, and by contributing in practical and Christian ways to the community. Naturally, this will involve our engagement in such issues as Mission, Teaching, Nurture and Christian Stewardship - such as the giving of our Time, Talents and Financial Resources. All of this should be seen as part of our common Christian discipleship and not just for those who are particularly keen, willing, and able. In addition, our support of missionary activities (both at home and overseas) should fulfil a clear and integral part of our communal life as the family of God here in The Billericay and Little Burstead Team Ministry.

The principal way in which the PCC fulfils this responsibility is in acting in collaboration with the clergy team and the District Church Councils in coordinating ministry within the parish, based in and around the five churches of the parish, and in providing oversight as needed. In practice, as much as possible is delegated to the District Church Councils, however, the PCC retains the legal responsibility for overseeing the parish and furthering its aims and has the final say on expenditure over £5,000 and faculty applications.

Public Benefit

When planning the activities for the year, the Team Rector, Ministry Team and PCC have considered the Charity Commission's guidance on public benefit, and in particular, the specific guidance for charities for the advancement of religion. In particular, we try to enable people to live out their faith as part of our parish community through: - Worship and Prayer; regular public worship that is open to all, and the provision of sacred space for personal prayer and contemplation.

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BILLERICAY AND LITTLE BURSTEAD TEAM MINISTRY

TRUSTEES' ANNUAL REPORT (continued)

YEAR ENDED 31 DECEMBER 2023

The Billericay & Little Burstead Team Ministry

The Billericay & Little Burstead Team Ministry consists of five churches spread across our town and, whilst offering different styles of worship, within an evangelical tradition, we are united in our vision to serve God and the wider community in which we live and love. Online, livestreaming and pre-recorded services have continued in some of our churches as the ‘new normal’.

Zoom and other online mid-week prayer gatherings continue. A Team Ash Wednesday took place at Saint John the Divine, and the Team Churches took it in turns to host a joint Lent course; different members of the clergy and Lay leaders led each session. The Maundy Thursday service was held at Christ Church. We enjoyed Four Team Communion services on the fifth Sundays, shared between Christ Church and Emmanuel. Midweek Communions at Saint Mary’s took place every Wednesday when Preaching and Presiding was shared amongst the clergy. Paul, Margaret, and Rupert continued to meet for a staff meeting afterwards. Christine Williams also now attends.

The Annual Service of Memorial took place at Christ Church in November. The Remembrance Sunday Parade Service in the High Street saw record numbers attend. Revd Paul Carr last service at Emmanuel was on 26th November 2023. He has now moved on to a new role as Anglican Vicar of Paphos, Cyprus. Christine Williams had her Permission to Officiate extended as did Pauline Woolnough, and Pauline Randall was commissioned Chaplain at St Mary Magdalen, the church in the High Street.

A brief report from individual churches can be read below and the full ADCM reports are available on Emmanuel’s website.

Christine Coe PCC Vice Chair

Christ Church

We are now in a good place, recovering from years of neglect to our buildings, and rebuilding our ministry after Covid - all of which has distracted us from what we are called to do, to worship Christ and to make disciples. We have some new people on our electoral roll, and many are stepping up and using their skills and gifts to grow the Kingdom in our district.

The live-streaming equipment is now up and running which has saved time for those recording each week and for those putting the Services together. It’s been a learning curve for all those involved. We had one infant baptism and one adult baptism in 2023.The adult. was by immersion on Advent Sunday 2023. We have three Baptisms planned for this Spring/Summer. Thanks to those who go out to the families to prepare them for infant Baptism.

Baptism and other families attend Messy Church once a month on a Sunday morning. We have made no progress with Sunday School for older children, but we keep it high on the agenda. DCC agreed we would like to have a Children & Families Worker and we have funding for, perhaps, a three days a week role. Emmanuel and St John the Divine are eager to help fund a Children & Families Worker, so it may be possible for a full-time Team appointment. Meanwhile we try to involve children in our Services as much as we can.

We held seven schools’ Carol Services at Christmas, an Advent Carol Service, three Christingle Services, and a Christmas Eve Service, all of which were very well attended. Numbers were low at Christmas Day Family Communion. About 3,500 people came to services during Advent and Christmas.

Our project for older adults, “Anna’s Place”, is a year old, and has become a significant ministry under the umbrella of ‘Anna Chaplaincy’. It is open every Tuesday from 10.30 a.m. – 2 p.m. with crafts, games, refreshments and lunch. We have nine helpers from various Churches and 20 – 25 attend each week. Among our helpers, we have two trained ‘Anna Chaplains’ and two ‘Anna Friends’. We held a “Summer

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BILLERICAY AND LITTLE BURSTEAD TEAM MINISTRY

TRUSTEES' ANNUAL REPORT (continued)

YEAR ENDED 31 DECEMBER 2023

Holiday at Home”, and a Christmas lunch with entertainment. There are speakers on relevant topics for the older generation. This project links well with Pensioners’ Praise, a Service held monthly on a Monday afternoon.

Visits have been made to day nurseries and a pre-school. Local schools bring classes to Christ Church as part of their RE curriculum, when they learn about Baptism, Communion, and prayer.

Thanks to perseverance and hard work in obtaining funding for repairs, the lower front roof of the Church has now been replaced, and some leaks in the atrium have been addressed. There is still work to do to repair the atrium entrance. We would like to update the inside of the Church, but there are pressing maintenance items which still need attention and funding. The Scout Hut demolition was not left as it should have been according to the terms of the Lease, the Local Authority Planning Permission, and the Faculty. We are hoping to move forward on this shortly.

We maintain strong links with our mission partners in Kenya, India, and Australia as well as supporting many ministries in the UK. Our support for senior and University education in Kenya remains strong. Regular visits are made to Kenya.

Paul Hunt received his Certificate for the Course in Christian Studies in May. Catherine Sullivan completes her Course in June 2024. Catherine has already been accepted for the Diocesan Pastoral Care Course.

Next year Christ Church celebrates 60 years since it was consecrated. We plan to celebrate with outreach and activities, and will hold a special Service in December.

Revd Margaret Fowler, Associate Vicar

Emmanuel

Church attendance is still below pre-pandemic levels, reflecting that people’s routines have changed. We continue with some of the hygiene measures introduced as churches reopened after Covid, but some have been relaxed as time moved on.

We no longer livestream our services but recordings of all services with Home Group sermons, Mission Focus Sundays and other significant occasions continue to be posted to our YouTube channel. The pandemic gave rise to a number of technological developments which have enabled and enhanced what we do. We now have a main WhatsApp group for prayer requests and immediate communication and a number of church groups have their own chats too. These have proved to be an effective method of keeping in touch and passing on urgent messages.

Zoom prayer meetings take place on Wednesday evenings at 6pm. And Sunday evening corporate prayer has been reinvigorated. Prayers for Renewal and Revival now take place in church twice a month at 7pm and numbers attending have been increasing encouragingly.

Our established pattern of Sunday services continued with some minor changes, for example Remembrance Sunday and Christmas Eve, which was a Sunday this year. More changes to this pattern are likely as we move forward into Interregnum and will be more dependent on the availability of our own retired Revd Christine Williams, our Licensed Lay Ministers, Authorised Lay Preachers and visiting clergy.

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BILLERICAY AND LITTLE BURSTEAD TEAM MINISTRY TRUSTEES' ANNUAL REPORT (continued)

YEAR ENDED 31 DECEMBER 2023

During 2023, our Home Groups studied sermons on ‘Mountain Top Experiences’, ‘Sharing our Faith like Jesus’ and ‘Amazing Grace’.

In support of the traditional views of Paul and the other Team clergy, Emmanuel DCC voted not to allow prayers of blessing for same-sex relationships in our church. The PCC extended this policy to the whole parish in July.

Attendance at Church Parades increased over the year and the members of the Uniformed Groups, their leaders and parents seem to engage enthusiastically in the services. Their support of the Toy service in December, where toys are collected for the children supported by Changing Pathways, was very keen as always.

Emmanuel

Messy Church has seen a number of changes, particularly the loss of Kathryn Booth who was key to creating and resourcing the craft activities and Revd Paul Carr who actively led the preaching while encouraging Anna and John in that role too. The team leading Messy Church is being rebuilt, with additional volunteers coming forward to plan, lead and provide breakfast.

In addition to our own Sunday services, our clergy and lay ministers led and took part in Team services for Ash Wednesday at St John the Divine and Maundy Thursday at Christ Church. Emmanuel shared with Christ Church hosting of the 5th Sunday Team Communion Services. The annual Memorial Service took place at Christ Church.

In October, Quilters Infant and Junior Schools held Harvest Celebrations at Emmanuel and, in December, we were pleased to host Christmas Services for children from both schools, along with their parents.

There was no Carol service at Emmanuel but the Lunchtime Community Carol service at St Mary Magdalen proved so popular that it was ‘standing room only’. The Longest Night service, designed particularly for the bereaved and others for whom the jollity of Christmas can be too much, was well-received by those who attended, and many stayed on to talk over a mince pie and a glass of sherry. The two Christingles on Christmas Eve attracted 450 worshippers and 46 people attended the First Communion of Christmas. There was a smaller number at the Family Communion service on Christmas Day. Two infant Baptisms were held at Emmanuel in 2023 and four Funerals. There were no weddings.

Christine Coe, Churchwarden, Emmanuel

St John the Divine

It seems we often start reports such as this with ‘It’s been a challenging year’. This year is no exception. Though there have also been rewards aplenty.

We strive to expand our family and to bring the Lord to our friends in Outwood Common and beyond, to both young and old. However, we have had to manage this without the leadership, service, vision and pastoral care of a team Vicar, with heavy burdens placed on our Lay Minister, Wardens and DCC. We ask the Lord to help and guide us and to give us the Grace to accept the path he would have us take.

Joyously, our Sunday Worship family has been maintained, with a few welcome new faces among us, and the year has seen some memorable and special services.

We had wonderful Easter celebrations, a July wedding, thoughtful times around Remembrance Day, plus glorious Christmas services, including a Christingle service in which we had the welcome issue of standing room only!

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TRUSTEES' ANNUAL REPORT (continued)

YEAR ENDED 31 DECEMBER 2023

Services continued once a month at Anisha Grange, the care home ‘next door’, and though we find great joy as some of the residents and staff join us weekly, it is a huge privilege to visit and give the opportunity for more residents, family and carers to attend ‘on home ground’. A member of the Team Ministry leads the service (for which we are extremely grateful), following the Church’s calendar, whilst people from St. John’s join for support. Tea and biscuits follow, with the time spent chatting, all with a great sense of community and fellowship.

Midweek Break has continued, as it has done for more than 20 years, giving a twice monthly opportunity for over 60’s friendship and fun, though sadly without more willing volunteers to organise and lead, its future is now uncertain.

Small Wonders has gone from strength to strength, with mums, dads, carers and grandparents forming friendships, along with their little ones, with no barriers and with God’s grace. It is such a joy to see.

Café on the Common is approaching its 10th year, with weekly numbers of 35 to 40, plus takeaways. The café is run entirely by volunteers, with menus ranging from Cottage Pie to Jacket Potatoes, and desserts ranging from Fruit Trifle to Rice Pudding – all at a very affordable cost for the Community. A highlight of the year was a visit from Bishop Adam and the Area Dean in November as he toured the Deanery.

The Foodbank has moved premises; however, we continue to receive donations plus offer our regular and faithful prayers.

From another perspective we find it challenging to manage nearly every service without a Vicar, though our gratitude to Linda our Lay Minister is immeasurable, and to Amanda our Administrator for striving to find cover for a monthly Eucharist and occasional services. We are so grateful to those that have found the time to lead and speak to us in these difficult times.

Finances can be summed up as ‘satisfactory’. We are nearly holding our own, essentially by the faithfulness and generosity of our Church family along with various fund raising and hall hire activities. However, if we didn’t have some savings we would be running at a deficit, with the Parish Share taking the biggest slice, whilst we are faced with the task of raising funds for significant roof repairs. That being said, we continue to support a wide circle of charity organisations, including Ukraine, Toybox, the Bible Society and Lukas’ children in Zimbabwe for school fees, clothing and footwear.

To end on a positive note, ‘the future is not something we can know, except that we are held in our wonderful Father’s arms and therefore shall we fear nothing!’

Paul Furneaux & Linda Russ, Wardens, St. John the Divine, Outwood Common

St Mary the Virgin

We have had our share of sadness with the loss of several members of our church family - Ken Flack, Ken Bearman, Alan Soane, and more recently Ernie Sprunt and Maria Hankey. All were precious friends who will be sadly missed by us all. Rupert is currently on compassionate leave. The Archdeacon has advised Rupert to focus his ministry on our church instead of both St John the Divine and St Mary the Virgin.

On a lighter note, we had a wedding at our church this year, and the bride coincidentally was the sister of our younger son’s school friend, so Christine and I had a great time catching up with past and present news.

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BILLERICAY AND LITTLE BURSTEAD TEAM MINISTRY

TRUSTEES' ANNUAL REPORT (continued)

YEAR ENDED 31 DECEMBER 2023

As well as his keen support and liaising with the Little Burstead committee, Rupert has run two Alpha courses, and two Freedom in Christ courses, one of which Derek and Brenda agreed to run, and did so very successfully.

I entertained a group of the University of The Third Age who visited our church and gave them a talk on our history which I had researched prior to their arrival. It revealed St Mary the Virgin’s links with some very significant historical figures and events. They were keen on visiting again and will arrive on 22nd May this year.

Our Quinquennial Inspection in October 2022 revealed many things needed to be done to our church, and although it was disappointing news, it wasn’t surprising since we knew there were already many outstanding tasks from previous Quinquennial Inspections so there must be more to add to the list. Fortunately, they are mostly not urgent and will be done in time.

We had a new lightning conductor installed, which wasn’t a replacement for the existing one, but was needed in addition. It surprised me that two were needed for such a relatively small building but I’m not an engineer. It was quite a major job with a massive cherry picker rolling up the drive.

The church heating is not working properly, and a handrail is needed to support our elderly members’ safety. Both these tasks are in hand.

The most satisfying task for me this year was when Essex County Council finally agreed to completely resurface our car park. It was in an awful condition with holes so large that a hearse was nearly ‘bottomed’ at one time. I spent two years meeting, emailing, phoning, and generally badgering councillors (Essex County, Basildon, Parish, John Baron MP) to re-cover it and I’m convinced the eventual success was because they simply wanted me to get off their backs. Persistence sometimes succeeds.

As taxing and time-consuming as this job is, it has its rewards. I’ve made many friends through meetings I attend, when we organize matters, exchange information, and generally increase our knowledge - but if there’s one thing, I’ve learnt it is that a Churchwarden’s work is never done! I am now stepping down as Church Warden and will not continue for 2024.

Jim Henshaw, Churchwarden, St Mary the Virgin, Little Burstead

St Mary Magdalen

St Mary Magdalen continues to serve the parish as the church in the High Street for regular Wednesday Communion Services, and occasional services such as the Ash Wednesday Service, Patronal Festival service, Christmas lunchtime Carol service, the St Luke's ‘Light up a Life’ service and the annual Remembrance Day service. It is also used occasionally by CTB and is the home of the men’s group, ‘Forging Men’.

St Mary’s also continues to host community clubs and events, including the Mayflower Morris men during the winter, the scrabble club and a children’s pre-school music group, ‘Jungle Jive’. The presence of Jungle Jive means that our running costs can mostly be met from their hire fees and other income can cover the continuing maintenance and repair work.

The major work to complete the pointing of the castellations and walls surrounding the 2 flat roofs is still outstanding due to difficulties arranging scaffolding acceptable to Essex Highways. Their concern is for the safety of the structure due to its proximity to the road. Hopefully this work will be started very soon along with some further pointing work to the rear of the building. There have been no other major works in 2023.

The Indoor market continues to go from strength to strength running about 9 times a year. It gives an outlet for many local crafts-people and a place for the community to meet for coffee or light lunch and is a good point of outreach into the local community. It also raises a good deal of funds for St Mary’s. Our thanks go to Pauline Randall and her helpers who keep this running.

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BILLERICAY AND LITTLE BURSTEAD TEAM MINISTRY

TRUSTEES' ANNUAL REPORT (continued)

YEAR ENDED 31 DECEMBER 2023

There is a small working party, meeting to develop the focus of mission and ministry for St Mary’s and they have met 3 times in 2023. One of the successes of this, again with thanks to Pauline Randall, is the Chaplaincy role that Pauline has begun toward the end of the year. The Monday coffee morning still meets, providing a listening ear for a number of local people and some visitors from further away.

Our continued prayer is that St Mary Magdalen will remain a place for worship and a sanctuary of peace in times of ‘life’s crises. We continue to get feedback of how valued it is that there is a church that is regularly opened during the week that is at the heart of the High Street. My thanks go to all those who help to keep the church open, clean and welcoming for our regular users and visitors alike.

There is no churchwarden covering St Mary's at the moment and Sue Oakley, the treasurer at Saint Mary’s, continues to ‘hold things together’ for the time being, though this isn’t sustainable in the longer term.

Sue Oakley, Treasurer, St Mary Magdalen

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BILLERICAY AND LITTLE BURSTEAD TEAM MINISTRY

TRUSTEES' ANNUAL REPORT (continued)

YEAR ENDED 31 DECEMBER 2023

Financial Position

During the year the PCC had income of £352,645 of which £295,785 was for general purpose and £56,860 was restricted. The gain on investments was £2,639.

There was general expenditure of £337,330 and restricted expenditure of £82,842 which led to an overall deficit of £64,888 for the year, compared to a surplus of £47,279 in 2022. Reasons for the increase in expenditure included higher parish share payments and roof repairs at Christ Church.

The PCC made payments totalling £165,123 of its parish share.

The above deficit has led to an decrease in the Net Current Assets from £435,164 to £362,409.

Reserves policy

It is PCC policy to maintain a balance on unrestricted funds (if possible) that equates to at least three months' unrestricted payments to cover emergency situations that may arise from time to time.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

Recruitment and appointment of new trustees

The method of appointment of PCC members is set out in the Church Representation Rules. In the Billericay and Little Burstead Team Ministry the membership of the PCC consists of the incumbent, team clergy, team churchwardens, Readers / Lay Ministers and members elected by those members of the congregation who are on the electoral roll of the church. All members of the congregation are encouraged to register on the electoral roll and to stand for election to the PCC.

The PCC members are responsible for making decisions on all matters of general concern and importance to the parish including deciding on how the funds of the PCC are to be spent.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Charity number

1131650

Principal address 40 Laindon Road Billericay Essex CM12 9LD

Trustees

The trustees of the Charity are the PCC Members.

'Who's Who' in the Billericay & Little Burstead Team Ministry?

Clergy Team Rector Revd Paul A Carr (resigned 26 November 2023) Team Vicar Revd Rupert Hankey Associate Priest Revd Margaret Fowler (LD SSM) Retired (PTO) Revd Christine Williams

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BILLERICAY AND LITTLE BURSTEAD TEAM MINISTRY

TRUSTEES' ANNUAL REPORT (continued)

YEAR ENDED 31 DECEMBER 2023

Churchwardens

Christ Church Emmanuel Saint John the Divine Saint Mary the Virgin

Jennifer Anderson, Chris Davis Christine Coe, Vacancy Paul Furneaux, Linda Russ (from April 2023) Sandra Healy (to April 2023), Jim Henshaw (April 2023 to May 2024)

Lay Ministers

Christ Church

Emmanuel

Saint John the Divine

Christine Benbough Peter Fisher Sue Oakley Pauline Randall (PTO) Pauline Woolnough (PTO) Linda Russ (PTO)

Authorised Local Preachers

Christ Church Emmanuel

Reader Emeritus

Paul Hunt Stephen Greenfield John Humphreys Rachel Orford James Van Cleef Ken Bearman (until deceased)

Pastoral Assistant

Saint Mary The Virgin

Sandra Healy

PCC Secretary

Alan Morgan

PCC Treasurer Les Sheppard Robert Lewis

St Mary’s Treasurer Sue Oakley Electoral Roll Officer Amanda Furneaux

During 2023, the following individuals have served as members of the Parochial Church Council:

Ex Officio Members

Revd Paul Carr (Chairman: Team Rector to December 2023) Revd Rupert Hankey (Team Vicar) Revd Margaret Fowler (SSM Associate Priest) Revd Christine Williams (PTO)

Peter Fisher (Lay Minister, Christ Church) Sue Oakley (Lay Minister, Emmanuel) Pauline Randall (Lay Minister, Emmanuel) Pauline Woolnough (Lay Minister, Emmanuel) Linda Russ (Lay Minister/PTO, Saint John the Divine) Ken Bearman (Reader Emeritus)

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BILLERICAY AND LITTLE BURSTEAD TEAM MINISTRY

TRUSTEES' ANNUAL REPORT (continued)

YEAR ENDED 31 DECEMBER 2023

Jennifer Anderson (Churchwarden, Christ Church) Chris Davis (Churchwarden, Christ Church) Christine Coe (Churchwarden, Emmanuel) Paul Furneaux (Churchwarden, Saint John the Divine) Linda Russ (Churchwarden, Saint John the Divine from April 2023) Jim Henshaw (Churchwarden, Saint Mary the Virgin) Sandra Healy (Churchwarden, Saint Mary the Virgin to April 2023)

Deputy Warden for Saint Mary Magdalen Vacant

Elected Members

Deanery Representative Christ Church Jennifer Anderson Catherine Benbough Emmanuel Christine Coe Merrill Knight Sue Stevens (to April 2023) Maureen Baker (from April 2023) Saint John the Divine Jim Rose Saint Mary the Virgin Vacancy Diocesan Synod Canon Shirley Jeffery (to April 2023) Representative Christ Church Chris Davis (to April 2023) Paul Hunt Les Sheppard Val Sheppard (from April 2023) Emmanuel Phil Alcock Ben Carr (to November 2023) Maureen Baker (to April 2023) Sue Stevens (from April 2023) Alan Morgan (from November 2023) Saint John the Divine Anne Howell (to April 2023) Robert Masters (to April 2023), Vacancy Saint Mary the Virgin Sarah Hirst, Ken Flack (to April 2023), Vacancy (from April 2023)

Approved by order of the board of trustees on 27 October 2024 and signed on its behalf by:

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

Chris Davis, PCC Vice Chair

Trustee

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BILLERICAY AND LITTLE BURSTEAD TEAM MINISTRY

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES

YEAR ENDED 31 DECEMBER 2023

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2023 which are set out on pages 12 to 27.

Responsibilities and basis of report

As the charity’s trustees 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 charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the Act. I confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, 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 charity 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.

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

Sandra Morrell FCCA

Edmund Carr LLP 146 New London Road Chelmsford CM2 0AW

28 October 2024

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BILLERICAY AND LITTLE BURSTEAD TEAM MINISTRY

STATEMENT OF FINANCIAL ACTIVITIES

YEAR ENDED 31 DECEMBER 2023

Note
INCOME FROM:
Donations and legacies
2
Charitable activities
3
Investments
4
Other trading income
5
TOTAL INCOME
EXPENDITURE ON:
Raising funds
Charitable activities
6
Support costs
7
TOTAL EXPENDITURE
Net gains/(losses) on investments
NET INCOME / (EXPENDITURE)
Transfers between funds
NET MOVEMENT IN FUNDS
Reconciliation of funds:
Total Funds brought forward
Total Funds carried forward
14/15		 Unrestricted
Funds
£
227,151
29,136
3,528
35,970
295,785
1,176
305,872
30,282
337,330
-
(41,545)
(5,899)
(47,444)
1,285,833
1,238,389		 Restricted
Funds
£
55,797
-
837
226
56,860
-
82,842
-
82,842
2,639
(23,343)
5,899
(17,444)
188,291
170,847		 Endowment
Funds
-
-
-
-
-
-
-
-
-
-
-
-
-
247
247		 Total Funds
2023
£
282,948
29,136
4,365
36,196
352,645
1,176
388,714
30,282
420,172
2,639
(64,888)
-
(64,888)
1,474,371
1,409,483		 Total Funds
2022
£
291,282
28,801
1,431
33,946
355,460
3,824
270,173
30,554
304,551
(3,630)
47,279
-
47,279
1,427,092
1,474,371

The charity has no recognised gains or losses other than the results for the period as set out above.

There is no income or expenditure in the endowment funds during the year

The notes on pages 14 to 27 form part of these financial statements.

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BILLERICAY AND LITTLE BURSTEAD TEAM MINISTRY BALANCE SHEET AS AT 31 DECEMBER 2023

Note
£
£
FIXED ASSETS
Tangible assets
10
1,047,074
CURRENT ASSETS
Debtors
11
34,888
Investment assets
12
31,139
Cash at bank
304,339
370,366
CREDITORS: Amounts falling
due within one year
13
(7,957)
NET CURRENT ASSETS
362,409
NET ASSETS
1,409,483
FUNDS OF THE CHARITY
Unrestricted funds
14
Designated Funds
1,096,729
General unrestricted funds
141,660
Total unrestricted funds
1,238,389
Restricted funds
15
170,847
Endowment funds
15
247
TOTAL CHARITY FUNDS
1,409,483
2023		 £
£
1,039,207
36,940
27,726
379,532
444,198
(9,034)
435,164
1,474,371
1,105,993
179,840
1,285,833
188,291
247
1,474,371
2022

These financial statements were approved by the Trustees on 27 October 2024 and are signed on their behalf by:

…...................................

Chris Davis, PCC Vice Chair

Trustee

The notes on pages 14 to 27 form part of these financial statements.

13

BILLERICAY AND LITTLE BURSTEAD TEAM MINISTRY

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2023

1. ACCOUNTING POLICIES

Statement of compliance

The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by 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) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Practice.

The accounts (financial statements) have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The charity has opted for the exemption under Update Bulletin 1 from including a cash flow statement.

Basis of preparation

Billericay and Little Burstead Team Ministry constitutes a public benefit entity as defined by FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.

Critical accounting judgements and key sources of estimation uncertainty

No significant judgements have been made during the course of preparing these financial statements. There are no sources of estimation uncertainty.

Income

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and is classified by activity. The costs of each activity are made up of the total of direct costs and support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity.

Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements. All expenditure is inclusive of irrecoverable VAT.

Tax status

Billericay and Little Burstead Team Ministry is a registered charity and is not subject to corporation tax on its charitable activities.

Tangible fixed assets and depreciation

Consecrated and beneficed property of any kind is excluded from the accounts under Charities Act 2011. All expenditure on consecrated or beneficed buildings and individual items costing under £5,000 are written off in the year they were incurred. Depreciation is provided on tangible assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class Equipment

Depreciation method and rate 3 to 5 years straight line

14

BILLERICAY AND LITTLE BURSTEAD TEAM MINISTRY

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 DECEMBER 2023

No depreciation is provided on freehold property as it is the PCC's policy to maintain these assets in a continual state of sound repair. The useful economic life of these assets is so long and residual values so high that any depreciation would not be material. These assets will be subject to annual impairment reviews. Provision will be made if there ha been any permanent diminution in value.

Investments

Investment assets are stated at market value. Realised gains and losses on disposals and unrealised gains or losses when the investments are revalued at the year end are reflected in the Statement of Financial Activities.

Debtors

Trade and other debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.

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.

Creditors

Creditors 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. Creditors are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Financial instruments

The charity 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.

Fund accounting

Unrestricted general funds – these are funds which can be used in accordance with the charitable objects at the discretion of the trustees.

Designated funds – these are funds set aside by the trustees out of unrestricted funds for specific future purposes or projects.

Restricted funds – these are funds that can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Endowment funds represent those assets which must be held permanently by the charity. Income arising on the endowment funds can be used in accordance with the objects of the charity and is included as unrestricted income. Any capital gains or losses arising on the investments form part of the fund.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

15

BILLERICAY AND LITTLE BURSTEAD TEAM MINISTRY

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 DECEMBER 2023

==> picture [449 x 611] intentionally omitted <==

----- Start of picture text -----
2. DONATIONS AND LEGACIES
Unrestricted Restricted Total Funds Total Funds
Funds Funds 2023 2022
£ £ £ £
Donations 205,505 55,797 261,302 291,282
- -
Legacies 21,646 21,646
227,151 55,797 282,948 291,282
Total 2022 229,324 61,958 291,282
3. INCOME FROM CHARITABLE ACTIVITIES
Unrestricted Restricted Total Funds Total Funds
Funds Funds 2023 2022
£ £ £ £
-
Lettings income 17,461 17,461 20,843
-
Wedding & funeral fees 5,560 5,560 2,460
-
Church group activities 6,115 6,115 5,498
-
29,136 29,136 28,801
Total 2022 28,801 - 28,801
4. INVESTMENT INCOME
Unrestricted Restricted Total Funds Total Funds
Funds Funds 2023 2022
£ £ £ £
Dividends - 837 837 811
Bank interest receivable 3,528 - 3,528 620
3,528 837 4,365 1,431
Total 2022 608 823 1,431
----- End of picture text -----

16

BILLERICAY AND LITTLE BURSTEAD TEAM MINISTRY

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 DECEMBER 2023

5. OTHER TRADING ACTIVITIES

Lettings income
Fundraising
Parish Magazine
Café income
Other income
Total 2022		 Unrestricted
Funds
£
31,024
733
958
2,409
846
35,970
33,443		 Restricted
Funds
£
-
60
-
-
166
226
503		 Total Funds
2023
£
31,024
793
958
2,409
1,012
36,196
33,946		 Total Funds
2022
£
28,900
985
1,322
2,350
389
33,946

6. EXPENDITURE ON CHARITABLE ACTIVITIES

Parish activities
Parish share
Parish giving
Total 2022
ANALYSIS OF SUPPORT COSTS
Clergy expenses
Insurance
Telephone and internet
Printing, postage and stationery
Subscriptions and licenses
Legal and professional
Sundry and admin costs
Depreciation
Governance costs
(Note 8)		 Activities
undertaken
directly
£
197,929
165,123
25,662
388,714
270,173		 Support &
governance
costs
(Note 7)
£
27,254
-
3,028
30,282
30,554		 Total Funds
2023
£
225,183
165,123
28,690
418,996
300,727
Total Funds
2023
£
3,910
8,080
2,131
2,282
3,451
-
5,713
1,325
3,390
30,282		 Total Funds
2022
£
132,176
132,675
35,876
300,727
Total Funds
2022
£
7,260
7,520
1,897
3,666
2,778
-
3,833
-
3,600
30,554

7. ANALYSIS OF SUPPORT COSTS

17

BILLERICAY AND LITTLE BURSTEAD TEAM MINISTRY

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 DECEMBER 2023

8. GOVERNANCE COSTS

Independent examiner fees
Total 2022		 Unrestricted
Funds
£
3,390
3,390
3,600		 Restricted
Funds
£
-
-
-		 Total Funds
2023
£
3,390
3,390
3,600		 Total Funds
2022
£
3,600
3,600

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remunerations or other benefits for the year ended 31 December 2023 nor for the the year ended 31 December 2022.

Trustees' Expenses

During the year, 3 trustees (2022: 4) were reimbursed £1,243 (2022: £1,560) for reasonable travel expenses incurred performing parish activities.

10. TANGIBLE FIXED ASSETS

Freehold property
Equipment
£
£
Cost
At 1 January 2023
1,039,207
-
Additions
-
9,192
At 31 December 2023
1,039,207
9,192
Depreciation
At 1 January 2023
-
-
Charge for the year
-
1,325
At 31 December 2023
-
1,325
Net Book Value
At 31 December 2023
1,039,207
7,867
At 31 December 2022
1,039,207
-		 Total
£
1,039,207
9,192
1,048,399
-
1,325
1,325
1,047,074
1,039,207

18

BILLERICAY AND LITTLE BURSTEAD TEAM MINISTRY

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 DECEMBER 2023

11. DEBTORS
Trade debtors
Other debtors
12. INVESTMENTS
Market value as at 1 January 2022
Dividends reinvested into investment accounts
Net gain on revaluations
Market value at 31 December 2022
Historical cost/value		 2023
£
10,379
24,509
34,888
2023
£
27,726
774
2,639
31,139
9,301		 2022
£
5,464
31,476
36,940
2022
£
30,608
748
(3,630)
27,726
8,527

All funds are held in listed investments. The listed investments consist of units in the COIF Charities Investment Fund and the CBF Church of England Investment Fund. All the charity's investments are managed by CCLA Investment Management.

13. CREDITORS: Amounts falling due within one year

Trade creditors
Interest free loan
Other creditors
Accruals		 2023
£
1,056
1,000
1,461
4,440
7,957		 2022
£
4,443
1,000
651
2,940
9,034

19

BILLERICAY AND LITTLE BURSTEAD TEAM MINISTRY

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 DECEMBER 2023

14. UNRESTRICTED FUNDS

General Fund
1 General Funds
Designated Fund
2
Christ Church Building Improvements
3
Buildings Capital
4
Christ Church Fabric
5
Christ Church Hall Fabric
6
Christ Church Tithe
7
Christ Church Toddlers
8
Christ Church Youth Worker
9
Emmanuel Discretionary Fund
10 Emmanuel Large Gifts
11 St John the Divine Bursary
12 St John the Divine Car Park
13 St John the Divine Pastoral
14 St John the Divine Flower
15 St John the Divine Midweek Break
16 St John the Divine Small Wonders
17 St John the Divine Special Projects
18 St Mary the Virgin Church Maintenance
19 St Mary the Virgin Old School
20 St Mary the Virgin V Gennings Legacy
Total unrestricted		 Balance at
01/01/2023
£
179,840
179,840
23,829
1,039,206
-
-
11,904
1,082
474
5,954
5,204
68
-
-
468
280
121
1,623
9,039
1,400
5,341
1,105,993
1,285,833		 Gains, losses
Income
Expenditure
& transfers
£
£
£
295,345
319,042
(14,483)
295,345
319,042
(14,483)
-
1,325
-
-
-
-
-
-
-
-
-
-
-
6,087
7,083
358
105
-
-
-
-
-
3,420
-
-
-
-
-
-
-
-
-
-
-
-
-
57
301
-
25
-
-
-
-
-
-
-
-
-
5,649
1,500
-
1,400
-
-
-
-
440
18,287
8,583
295,785
337,330
(5,899)
Movement in funds		 Balance at
31/12/2023
£
141,660
141,660
22,504
1,039,206
-
-
12,900
1,335
474
2,534
5,204
68
-
-
224
305
121
1,623
4,890
-
5,341
1,096,729
1,238,389

20

BILLERICAY AND LITTLE BURSTEAD TEAM MINISTRY

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 DECEMBER 2023

14. UNRESTRICTED FUNDS - PREVIOUS YEAR

General Fund
1
General Funds
Designated Fund
2
Christ Church Building Improvements
3
Buildings Capital
4
Christ Church Fabric
5
Christ Church Hall Fabric
6
Christ Church Tithe
7
Christ Church Toddlers
8
Christ Church Youth Worker
9
Emmanuel Discretionary Fund
10 Emmanuel Large Gifts
11 St John the Divine Bursary
12 St John the Divine Car Park
13 St John the Divine Pastoral
14 St John the Divine Flower
15 St John the Divine Midweek Break
16 St John the Divine Small Wonders
17 St John the Divine Special Projects
18 St Mary the Virgin Church Maintenance
19 St Mary the Virgin Old School
20 St Mary the Virgin V Gennings Legacy
Total unrestricted		 Balance at
01/01/2022
£
184,945
184,945
12,970
1,039,206
2,319
1,810
14,630
1,072
308
-
5,204
68
-
7
518
280
121
1,250
5,000
1,400
-
1,086,162
1,271,107		 Gains, losses
Income
Expenditure
& transfers
£
£
£
291,253
259,624
(36,734)
291,253
259,624
(36,734)
100
-
10,759
-
-
-
-
-
(2,319)
-
-
(1,810)
-
11,140
8,414
129
119
-
166
-
-
-
686
6,640
-
-
-
-
-
-
-
-
-
-
466
459
155
205
-
-
-
-
-
-
-
373
-
-
-
390
4,429
-
-
-
-
1,299
6,640
923
14,304
33,212
292,176
273,928
(3,522)
Movement in funds		 Balance at
31/12/2022
£
179,840
179,840
23,829
1,039,206
-
-
11,904
1,082
474
5,954
5,204
68
-
-
468
280
121
1,623
9,039
1,400
5,341
1,105,993
1,285,833

21

BILLERICAY AND LITTLE BURSTEAD TEAM MINISTRY NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 DECEMBER 2023

14. UNRESTRICTED FUNDS (continued)

22

BILLERICAY AND LITTLE BURSTEAD TEAM MINISTRY NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 DECEMBER 2023

15. RESTRICTED AND ENDOWMENT FUNDS
Balance at
01/01/2023
£
Restricted Fund
1 Christ Church Building Improvements
47,651
2 Christ Church Flowers
162
3 Christ Church Ground Maintenance
4,549
4 Christ Church Mission Link
10,927
5 Christy Church Tithe
699
6 Christ Church Youth Worker
27,822
7 Emmanuel Maintenance & Fabric
3,000
8 Emmanuel Discretionary
-
9 Emmanuel Church Maintenance
-
Major Projects
10 Emmanuel Church Outreach Mission
-
11 Archer Hall
52,012
12 St John the Divine Car Park
-
13 St John the Divine Charities
-
14 St John the Divine Foodbank
34
15 St John the Divine Youth Fund
3,121
16 St John the Divine Redevelopment
634
17 St John the Divine Altar Frontal
31
18 Friends of St Mary Magdalen
(2,967)
19 St Mary the Virgin Archer
709
20 St Mary the Virgin Dalton Grave
50
21 St Mary the Virgin Johnson Church
8,170
22 St Mary the Virgin Johnson Grave
96
23 St Mary the Virgin Johnson Tomb
17,429
24 St Mary the Virgin Jones/Sheppard
1,417
25 St Mary the Virgin Lighting
3,254
26 St Mary the Virgin Maintenance
446
27 St Mary the Virgin Miles Grave
-
28 St Mary the Virgin Mission
8,995
29 St Mary the Virgin Old School
50
30 St Mary the Virgin Ramsey Grave
-
31 St Mary Magdalen Utility Bill Donation
-
188,291
Endowment Fund
32 Chapman
210
33 Fiske
37
247
Total
188,538		 Gains &
Income
Expenditure Transfers
£
£
£
29,837
60,542
(222)
209
225
-
-
2,550
-
9,265
7,616
-
-
200
222
4,521
-
-
-
-
-
-
-
-
-
-
-
700
-
-
-
-
-
-
-
-
1,451
1,444
-
-
-
-
-
1
-
4,989
-
-
-
-
-
580
-
4,000
-
-
65
-
-
-
247
-
779
-
-
-
527
-
1,664
-
-
131
-
2,245
-
1,064
1,000
-
-
-
-
1,470
5,000
1,900
-
20
-
-
-
-
2,000
2,000
-
54,860
80,843
8,539
-
-
-
-
-
-
-
-
-
54,860
80,843
8,539
Movement in funds		 Balance at
31/12/2023
£
16,724
146
1,999
12,576
721
32,343
3,000
-
-
700
52,012
-
7
34
3,120
5,623
31
1,613
774
50
9,196
96
19,620
1,548
1,009
510
-
7,365
30
-
-
170,847
210
37
247
171,094

23

BILLERICAY AND LITTLE BURSTEAD TEAM MINISTRY NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 DECEMBER 2023

==> picture [453 x 620] intentionally omitted <==

----- Start of picture text -----
15. RESTRICTED AND ENDOWMENT FUNDS Movement in funds
PREVIOUS YEAR Balance at Gains & Balance at
01/01/2022 Income Expenditure Transfers 31/12/2022
£ £ £ £ £
Restricted Fund
1 Christ Church Building Improvements 18,780 29,668 592 (205) 47,651
2 Christ Church Flowers 300 96 234 - 162
3 Christ Church Ground Maintenance 476 6,875 2,802 - 4,549
4 Christ Church Mission Link 8,607 9,957 7,637 - 10,927
5 Christy Church Tithe 494 - - 205 699
6 Christ Church Youth Worker 19,925 7,897 - - 27,822
7 Emmanuel Maintenance & Fabric 3,000 - - - 3,000
8 Emmanuel Discretionary - 600 600 - -
9 Emmanuel Church Maintenance 500 - 500 - -
Major Projects
10 Emmanuel Church Outreach Mission - - - - -
11 Archer Hall 52,012 - - - 52,012
12 St John the Divine Car Park - - - - -
13 St John the Divine Charities (6) 3,400 4,917 1,522 -
14 St John the Divine Foodbank 34 - - - 34
15 St John the Divine Youth Fund 3,109 12 - - 3,121
16 St John the Divine Redevelopment 863 743 972 - 634
17 St John the Divine Altar Frontal 31 - - - 31
18 Friends of St Mary Magdalen (4,616) 1,649 - - (2,967)
19 St Mary the Virgin Archer 802 - - (93) 709
20 St Mary the Virgin Dalton Grave 50 - - - 50
21 St Mary the Virgin Johnson Church 9,000 239 - (1,069) 8,170
22 St Mary the Virgin Johnson Grave 96 - - - 96
23 St Mary the Virgin Johnson Tomb 19,201 509 - (2,281) 17,429
24 St Mary the Virgin Jones/Sheppard 1,604 - - (187) 1,417
25 St Mary the Virgin Lighting 10,374 - 7,120 - 3,254
26 St Mary the Virgin Maintenance 382 64 - - 446
27 St Mary the Virgin Miles Grave - - - - -
28 St Mary the Virgin Mission 10,670 1,575 5,250 2,000 8,995
29 St Mary the Virgin Old School 50 - - - 50
30 St Mary the Virgin Ramsey Grave - - - - -
31 St Mary Magdalen Utility Bill Donation - - - - -
155,738 63,284 30,623 (108) 188,291
Endowment Fund
32 Chapman 210 - - - 210
33 Fiske 37 - - - 37
247 - - - 247
Total 155,985 63,284 30,623 (108) 188,538
----- End of picture text -----

24

BILLERICAY AND LITTLE BURSTEAD TEAM MINISTRY NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 DECEMBER 2023

15. RESTRICTED AND ENDOWMENT FUNDS (continued)

==> picture [431 x 536] intentionally omitted <==

----- Start of picture text -----
||||| |---|---|---|---| |1|Christ Church Building|-|This fund is to support major improvements to the church| |Improvements|buildings.| |2|Christ Church Flowers|-|This fund is used to cover the provision of flowers for the church.| |3|Christ Church Ground|-|This fund holds money given for the maintenance and| |Maintenance|improvement of the Christ Church grounds.| |4|Christ Church Mission Link|-|This fund supports links to Christ Church mission partners.| |5|Christ Church Tithe|-|This fund is designated from the Building Improvements fund| |donations to give to their building projects.| |6|Christ Church Youth Worker|-|This fund is used to pay for a Youth Worker and associated| |youth work costs.| |7|Emmanuel Maintenance & Fabric|-|This fund is to be spent on repairs or renewal of items within the| |fabric of Emmanuel Church and the Emmanuel Church Halls.| |8|Emmanuel Discretionary|-|This fund is to be spent at the discretion of Emmanuel's DCC.| |9|Emmanuel Church Maintenance|-|This fund is available to support major maintenance church| |Major Projects|projects.| |10|Emmanuel Church Outreach Mission-|This fund is to be used for expenditure that directly benefits| |Emmanuel church, or supports outreach and mission activities. It| |cannot be used on Parish Share or central CofE costs.| |11|Archer Hall|-|This central fund is capital which can be loaned out to Team| |Churches to support the costs of building works.| |12|St John the Divine Car Park|-|This fund holds money designated for improving and maintaining| |the car park and grounds.| |13|St John the Divine Charities|-|This fund is used to support charity work.| |14|St John the Divine Foodbank|-|This fund deals with income and expenditure directly associated| |with the Billericay Emergency Food Bank.| |15|St John the Divine Youth Fund|-|This fund is used to fund youth work.| |16|St John the Divine Redevelopment|-|This fund is used to support the development of the church| |complex.| |17|St John the Divine Altar Frontal|-|This fund is used to support costs.| |18|Friends of St Mary Magdalen|-|This fund uses donations in support of running costs for St. Mary| |Magdalen. This fund is in the form of a loan with repayments| |made to the parish on an annual basis whilst overdrawn.| |19|St Mary the Virgin Archer|-|This fund is for the upkeep and maintenance of specific graves| |and tombs at St Mary the Virgin.| |20|St Mary the Virgin Dalton Grave|-|This fund is for the upkeep and maintenance of specific graves| |and tombs at St Mary the Virgin.|

----- End of picture text -----

25

BILLERICAY AND LITTLE BURSTEAD TEAM MINISTRY NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 DECEMBER 2023

15. RESTRICTED AND ENDOWMENT FUNDS (continued)

26 St Mary the Virgin Maintenance

27 St Mary the Virgin Miles Grave

28 St Mary the Virgin Mission 29 St Mary the Virgin Old School 30 St Mary the Virgin Ramsey Grave

32 St Mary the Virgin Chapman

33 St Mary the Virgin Fiske

26

BILLERICAY AND LITTLE BURSTEAD TEAM MINISTRY NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 DECEMBER 2023

16. ANALYSIS OF NET ASSETS (between restricted and unrestricted funds)

Current year:

Tangible fixed assets
Current assets
Creditors due within one year
Prior year:
Tangible fixed assets
Current assets
Creditors due within one year		 Unrestricted
funds
£
1,047,074
197,296
(5,981)
1,238,389
Unrestricted
funds
£
1,039,207
255,660
(9,034)
1,285,833		 Restricted
funds
£
-
172,823
(1,976)
170,847
Restricted
funds
£
-
188,291
-
188,291		 Endowment
funds
£
-
247
-
247
Endowment
funds
£
-
247
-
247		 Total
2023
£
1,047,074
370,366
(7,957)
1,409,483
Total
2022
£
1,039,207
444,198
(9,034)
1,474,371

17. RELATED PARTY DISCLOSURES

During the year the charity paid £2,510 (2022: £Nil) to one of the trustees, this being the proceeds of donations given as a leaving gift. The charity also paid £1,017 (2022: £Nil) to a family member of a trustee for repairs works carried out at one of the churches.

27