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← The Parochial Church Council Of The Ecclesiastical Parish Of St Mary's, Ealing

2024-12-31-accounts

St Mary’s Road Ealing W5 5RH

Annual Report and Financial Statements of Parochial Church Council for year ending 31 December 2024

2024 Examined Annual Report Page 1 of 24

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OBJECTIVES and ACTIVITIES

St Mary’s Church was the historic parish church of Ealing. Following changes to the demography of the Borough, especially in the 19th century, St Mary’s is now one of a number of Anglican churches in the London Borough of Ealing. It is within the Willesden Area of the Diocese of London, and in the Archdeaconry of Northolt and the Ealing Deanery.

Our vicar of more than 25 years, Revd. Steve Paynter, left St Mary’s in January 2024 and so St Mary’s has spent most of 2024 in a vacancy without a full-time incumbent.

St Mary’s PCC adopted a strapline in September 2017 and, further to adoption of that strapline, approved and adopted a new Mission Action Plan (MAP) for 2020-2025 to help us to identify what God wants St Mary’s to do in 2024:

Our Vision at St. Mary’s is:

Love God, Serve People, Make Disciples.

We aspire to be a people:

In 2024, the PCC prepared a Parish Profile as part of the vacancy process. Preparation of the Parish Profile was informed by a process of the PCC listening to God through the congregation and identified our priorities for the future.

As part of the Diocese of London, St Mary’s also aims to move forward with the Diocesan priorities of becoming a younger, safer and more racially just Church.

ACHIEVEMENTS and PERFORMANCE

LOVE GOD

Worship

We thank God for

We are particularly grateful to our Worship Leading and Adult Learning Group of Revd. Wai Meng Chow, Revd. Alex Volossevich, Licensed Lay Minister Jonny Baker and Lay Commissioned Minister Angela Barnfather for their extra work in 2024 to enable the normal service schedule at St Mary’s to continue more or less as normal in our vacancy. We were also delighted to welcome a number of visiting preachers and speakers to some of our Sunday morning services to bring God’s word.

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The principal act of worship is at 10.30am each Sunday morning and includes each month a “Whole Church Communion” service (for all ages), Holy Communion (on one other Sunday), and two Morning Prayer services. The average attendance on an average Sunday morning [one which is not a major festival or contained in a peak holiday period] is about 100 adults (16+) and about 50 children and teenagers (younger than 16) with a wide spread of ages, experience and ethnicity. Prayer support is again being offered during many morning services.

Musical worship in the morning services is a combination of traditional hymns and more modern worship songs led by the music groups (leaders Yoshiko Endo and Neil Latchman) or from the organ, piano, keyboard or recorded music as appropriate. In 2024, we welcomed Barry PhillipsDevaney to lead worship from the guitar at the morning service on the third Sunday of the month.

For those seeking a more reflective style of worship, we have continued to conduct a number of Taizé-style evening services and also Celtic services on the first Sunday evening of the month at 6pm. On the second and fourth Sundays of the month, when the morning service is a Service of the Word, we have offered a 6pm Holy Communion service for a smaller but regular congregation.

Grace holds services every second Saturday, exploring more contemporary forms of worship and reflection.

Two infants (under 1), seven children (1 to 4) and two adults have been baptised at baptism services. One wedding took place at St Mary’s. There were four funerals at St Mary’s and another two funeral services were conducted (on behalf of this church) at a crematorium or cemetery. In addition, a member of the clergy baptised an individual at home and conducted a wedding including that individual at home because the individual was too ill to come to church.

In addition to the monthly evening prayer meeting being offered on the third Tuesday of the month in 2024, a prayer card / bookmark was produced and a monthly prayer breakfast was organised for the first Saturday of the month to pray for St Mary’s during the Vacancy.

Services were offered for Ash Wednesday, Palm Sunday, Maundy Thursday, Good Friday (meditation in the afternoon) and Easter Day.

Creationtide was observed in September with Revd. Tina Rapson, Creation Care lead for the Willesden Area, preaching on 15 September.

A harvest celebration was held on 6 October with food being collected for Ealing Foodbank.

Remembrance Sunday was observed on 10 November with Revd. Andrew Corsie, Willesden Area Director of Ministry, Mediation and Restorative Practices Lead, preaching on reconciliation. A bereavement service was held at 3pm on 17 November.

A number of special services were held over Advent and Christmas. A COSMOS Nativity took place on 15 December in the morning (not livestreamed). On the evening of 15 December, there was a carol service with congregational singing and a couple of items offered by a choir led by Barry Phillips-Devaney. A crib service was offered on 24 December together with a midnight communion and then there was a 10.30am service on Christmas Day.

Youth and Children

We thank God for

The children and teenagers participate in a structured programme of activities appropriate to their age. St Mary’s allows children and young people who have not been confirmed but who have received appropriate preparation to receive communion.

Children’s and Youth Worker Apprentice Charis Eldrid was commissioned on 8 September with the volunteers who lead and help with our children’s groups.

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A bake sale was organised on 6 October to raise funds for youth club activities.

SERVE PEOPLE

We thank God for

Outreach

A monthly Free Family Dinner was offered in the church hall to September 2024, reaching out to families who are struggling financially to provide a dinner and some social interaction and also to make connections. 20-30 people (including children) have been attending.

South Ealing Community Food Cupboard (SECFC) was set up with the focus of reducing food waste and the associated carbon emissions. SECFC operates in the old vestry and flower room, access from outside; 1 - 3 pm on Mondays (except bank holidays). Surplus food from various retailers that would otherwise go to landfill is supplied to SECFC (e.g. via Felix Project) and SECFC also now receives a large pallet of fresh fruit and vegetables from a large wholesale market in East London. Both sources are delivered to us free of charge, the former by DHL and the latter by a public-spirited retailer. The food is made available to anyone and everyone from the local area. Sadly, the current financial climate means that the offer of free fresh food is much appreciated by many of those who make use of SECFC.

Babies and Toddlers Group meets on Tuesday mornings in the church hall with regularly 20 to 30 adults or more and accompanying children.

Polygonian Friends meets on Wednesday lunchtimes in the church hall to provide opportunities for people of all ages to socialise over refreshments. Membership is currently around 28—40.

Youth Club runs twice monthly on a Tuesday evening between 6.30pm – 8pm. The children are encouraged to engage in games and there is also always food available. For the 2024/2025 academic year, the numbers have steadily grown and on average 15 young people now attend with a mix of half already attending churches and the other half invited by their friends to be part of our youth club.

Racial Justice

Ethnic diversity in the parish of St Mary’s is below the average for London Diocese with 30.4% of the population who are UK minority ethnic. However, this is still a significant proportion of the community. St Mary’s commemorated Black History Month in October and has set up a working group to develop our response further.

Overview of Mission at St Mary’s

St. Mary's is a "Missionary Church," showing real concern for the well- being of our local community, and the wider world through prayer, giving, and involvement.

Each month a different society is the focus of particular attention and prayer, and most are represented by a Mission Secretary from within our congregation. A mission notice board in the Polygon gives information about important aspects of mission. Speakers are invited to speak about mission and their particular society at St Mary’s from time to time.

The mission societies and individuals supported by St Mary’s are chosen to cover a range of needs, locally (“Mission in Ealing” - Ealing and more generally in London), in this country and overseas while keeping the number restricted so that we can focus on each society at different times. With some societies, we are fortunate to have a more personal link through a link mission partner who keeps us informed of their work and whom we can support in prayer as well as financially. Support for mission societies at St Mary’s is co-ordinated by the Mission Support Committee.

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Mission at St Mary’s in 2024

The particular societies and people we supported in this way in 2024 are:

Relationship with other local churches and organisations in 2024

As well as organisations overseas and the rest of the UK, St Mary’s is keen to support mission more locally, working with other churches and organisations, financially and / or with volunteers

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St Mary’s also works with a number of other local churches and organisations:

Other links with the local community

Hiring of the Church buildings and the Polygon, managed by Isobel Peaty, provides opportunities for outreach to our local community, as well as an income to help with maintenance costs.

MAKE DISCIPLES

Ourselves

We thank God for

Many people read the bible on their own. It is appreciated that many people may now prefer to access their Bible reading materials online.

Two home groups meet for Bible study, prayer and support and there is also a support group for those who have lost someone they love.

In view of the demands of the Vacancy, no Lent courses were offered centrally in 2024. A fourweek Christian basics/refresher course “Hope Explored” was offered in the summer and a nineweek course “Discipleship Explored” in the autumn. Those attending the Discipleship Explored course will, with other interested members, form the basis of two new Encounter groups in 2025.

After the Sunday morning services, people are encouraged to stay and socialise with refreshments of tea, coffee and biscuits prepared and served by a number of different teams with volunteers of a wide range of ages.

A buffet lunch and informal send-off with contributions from the children took place after the morning service on Sunday 7 January to say farewell to Revd. Steve and Jennie Paynter. A bring and share lunch and summer party was held after the morning service on Sunday 30 June and we were pleased that the Bishop of Willesden the Rt Revd Lusa Nsenga-Ngoy joined us to preach at the service and then to chat to people after the service.

Parish Survey and Profile

The PCC agreed that we wanted to listen to the whole congregation to seek their views about what matters to them at St Mary’s to prepare a Parish Profile for the advertisement for a new vicar. Everyone on the email distribution list and attending services at St Mary’s was invited to

2024 Examined Annual Report Page 6 of 24

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complete a survey anonymously regarding who we are, where we feel God is leading us and who should join us as our next vicar. Around 60 written responses were received, and further consultation took place with those present at publicised communion services on Wednesday 17 April and Sunday 21 April.

The youth and children were also consulted and some of their quotes included in the Profile. A photoshoot took place during and after the morning service on Sunday 12 May to provide photographs for the Profile and also for the new website.

REFERENCE AND ADMINISTRATIVE DETAILS

Church office: St Mary’s Church, St Mary’s Road, Ealing, LONDON W5 5RH Vicar: The Revd Steve Paynter to 30 January 2024 Vacant from 31 January 2024 Principal bank: CAF Bank Limited (online bank) Independent examiner: Maria Bob, FCCA Investment managers: Church of England Board of Finance Inland Revenue (Gift Aid) reference: XN22839 Charity Commission registration number: 1132026 Environmental Body enrolment number: 984068

STRUCTURE, GOVERNANCE & MANAGEMENT

The membership of St Mary’s

All those associated with St Mary’s are encouraged to register on the Electoral Roll and attend the Annual Parochial Church Meeting. There were 214 people on the revised Church Electoral Roll prepared for the 2024 APCM. Wei Hei Kipling served as Electoral Roll Officer.

The PCC

The Parochial Church Council (PCC) is responsible for working with the clergy to promote, within the parish and beyond, the mission of the Church: pastoral, evangelistic, social and ecumenical. St Mary’s has been in a vacancy since 31 January 2024 and so the PCC is working with the Bishop of Willesden to secure the appointment of a new incumbent. The vacancy was advertised in July with interviews in September, but no appointment was made. The Bishop was happy that the process itself worked, and that St Mary’s is simply waiting on a gift from God. The worst outcome would be to appoint the wrong person. The vacancy will be readvertised in January 2025.

The PCC manages the church’s finances and is also responsible for the maintenance and management of the church building, associated buildings and churchyard (which are, in law, the property of the incumbent). It also owned two properties – 38 Airedale Road, and Flat 16, Gerrards Court – which are vested in the London Diocesan Fund; 38 Airedale Road was sold in 2024 with the proceeds invested until the time is right to purchase another property.

Some members of the church are members of the PCC by virtue of their office, or because they are members of other bodies, in accordance with Church Representation Rules. The remainder are elected at the Annual Parochial Church Meeting.

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In 2024, the PCC met twelve times in person with two of those meetings each taking place over two evenings. This increase in the number of meetings in 2024 over a normal year was primarily due to the requirements of the vacancy process. The following served as members:

Ex-officio members:

Vicar The Revd Steve Paynter to 30 January 2024 Vacancy from 31 January 2024 Assistant Vicar The Revd Wai Meng Chow (SSM) The Revd Alex Volossevich (SSM) Licensed Lay Minister Jonny Baker Lay Commissioned Minister Angela Barnfather Church Warden(s) Ruth Wheeldon Members of London Diocesan Synod July 2024 Revd Alex Volossevich, Antje Whitehurst Members of Deanery Synod Wei Hei Kipling, Brian Everett To January 2024 Jennie Paynter From April 2024 Antje Whitehurst

Elected Members:

Anthony (Tony) Chambers Julia James Marijana Cranmer (re-elected 2024) Wayne Leighton Steve Cripps David Morrow (to April 2024) Pat Ealey (from April 2024) Tom Russell (to April 2024) Cliff Gardiner Wilma White Anna Hawes (from April 2024) Antje Whitehurst (to April 2024, then Charlie Hawes (to April 2024) Deanery Synod) Nigel Houghton

The Vicar was Chair until he left in January 2024. Julia James was elected Lay Vice Chair in January 2024. Wei Hei Kipling was appointed PCC Secretary and David Morrow as PCC Treasurer (to April 2024). No PCC Treasurer was appointed after the 2024 APCM and so the responsibilities of PCC Treasurer were taken by churchwarden Ruth Wheeldon with support from Chair of Finance Robert Kipling and bookkeeper Hazel Neaverson. (As Robert Kipling’s wife Wei Hei Kipling is PCC Secretary, it is not good governance for Robert Kipling to be PCC Treasurer or even a PCC member.)

The PCC is a corporate body established by law; it operates under the Parochial Church Council Powers Measure 1956. The PCC is now registered with the Charity Commission, as required by the Charities Act 2006.

The PCC is required by law to appoint a PCC Standing Committee , which has power to transact its business between meetings, subject to any directions it may give. During 2024, the members of the Standing Committee were: Steve Paynter (to January 2024), Tony Chambers (from April 2024), Steve Cripps (from January 2024), Charlie Hawes (January to April 2024), Julia James (from January 2024), Wei Hei Kipling, David Morrow (to April 2024), Ruth Wheeldon and Wilma White

Teams:

The detailed life of the church is overseen by a number of Teams, which are set up by and make recommendations to the PCC. During 2024 the Teams were as follows:

2024 Examined Annual Report Page 8 of 24

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reduce the Carbon emissions of the Parish of St. Mary’s, Ealing to NET ZERO by 2030, the team has not been active in 2024 because of the requirements of the vacancy

HOW WE DO WHAT WE DO

Staff and Volunteers

We rejoice and thank God and our current volunteers

The vicar was paid a stipend by the Diocese, to which the Church pays a full contribution. The Children’s and Youth Worker Apprentice is paid by the Diocese, to which the Church pays a full contribution. The church administrator employed by the church is paid from the Parish finances. One musician who is not a member of St Mary’s leads worship on a monthly basis and is paid a fee for this.

All others contributing to the life of St Mary’s (including the assistant vicars (SSM), licensed lay minister, lay commissioned minister, Churchwarden, Treasurer, PCC secretary, the other musicians

2024 Examined Annual Report Page 9 of 24

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and COSMOS leaders) are volunteers. A list of volunteer teams contributing to the life of St Mary’s is attached as Appendix 1.

Communication and Social Interaction

St Mary’s used a number of ways of enabling communication and social interaction in 2024

Buildings

We thank God for

Regular servicing and maintenance of heating, emergency lighting, fire alarms and extinguishers, lightening conductor, gutters and down pipes continued throughout the year. Recommendations in the 2023 Quinquennial report were followed up. In particular, a structural survey of the tower was completed and necessary works highlighted are due to be undertaken during 2025.

The sale of 38 Airedale Road was completed at the end of May 2024. The net proceeds have been invested pending the PCC decision to use these to purchase a new staff property when the time is right.

During the year the Diocese, at its expense completed a major refurbishment of the vicarage including a new kitchen and bathrooms, heating and boiler and a complete redecoration.

During August the London Borough of Ealing carried out works to 3 tombs and re-erected a Celtic cross these works needed on health and safety grounds. They also repaired a damaged brick pillar located where Baillies Walk joins Ranelagh Road.

2024 Examined Annual Report Page 10 of 24

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FINANCIAL REVIEW for 2024

We thank God for

St Mary’s has a healthy level of reserves but at the current level of income any fabric projects are being funded from reserves and legacies.

At the end of 2024 net current assets were £960,000:

£805,000 of the net current assets are held in the CBF Deposit Fund which is currently earning around 4.5%.

The PCC has expressed the view that at least £75,000 should be retained in the general reserve. This makes provision for expenses which cannot be funded from income or for emergencies. The PCC plans to purchase another property in due course and the budget for this will take into account the impact on the general reserve.

The accounts show unrestricted fund income and expenditure in 2024 both at £205,000. In 2023 unrestricted fund income exceeded expenditure by £6,000. To get a better understanding of our finances these figures are adjusted to exclude legacies, fabric projects, one-off costs and depreciation.

Unrestricted fund income
Legacies
Adjusted income
Unrestricted fund expenditure
Narthex
38 Airedale Road sale costs
Depreciation
Adjusted expenditure		 2024
2023
205,000 210,000
-26,000
-20,000
179,000 190,000
205,000 204,000
-5,000
-27,000
-13,000
-3,000
-3,000
184,000 174,000

Regular giving to St Mary’s via the stewardship scheme has been falling each year from 2020 (£145,000) to 2024 (£93,000) due to a fall in the number of members and in particular some of the larger donors leaving. There has not been a stewardship renewal in this period while there was additional fundraising for the Polygon refurbishment, but costs have increased with inflation. There is a need for a higher level of income to cover our running costs and to limit the depletion of our reserves.

RISK STATEMENT

Safeguarding has always been and will continue to be right at the top of this church family's agenda and is regularly raised at PCC meetings. A notice about safeguarding at St Mary's was given out at the morning service on Sunday 17 November and a service focusing on Safeguarding was planned for early 2025. St Mary’s has complied with our duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 (duty to have due regard to House of Bishops’ guidance on safeguarding children and vulnerable adults). In accordance with the recommendation of the Diocese of London, the PCC has adopted the PCC Safeguarding Policy Statement with Marijana Cranmer as Children’s Champion and Steve Cripps as Church Safeguarding Officer (including responsibility for vulnerable adults and for Disclosure and Barring

2024 Examined Annual Report Page 11 of 24

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Service checks) and Julia James as Deputy Church Safeguarding Officer. By complying with best practice, the risks of unsuitable people being involved with children or vulnerable adults are minimised. The hiring agreement for organisations using our buildings includes a requirement for those organisations that work with children to abide by the PCC Safeguarding Policy.

In the absence of an incumbent, data protection at St Mary’s and our compliance with the requirements of the General Data Protection Regulations 2018 have been overseen by the churchwarden and the PCC Secretary in consultation with Charlie Hawes (PCC member to April 2024).

The PCC has Parishguard insurance cover with Ecclesiastical Insurance.

The major risks to which the PCC is exposed, as identified by the PCC, have been reviewed and systems have been established to mitigate those risks. Those risks are reviewed on a periodic basis. A Health and Safety Policy was approved by the PCC in December 2023

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Appendix 1

Teams of Volunteers contributing to the life of St Mary’s

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PAROCHIAL CHURCH COUNCIL OF ST MARY'S CHURCH, EALING

Report & Accounts for the year ended 31st December 2024

2024 Examined Annual Report Page 14 of 24

PAROCHIAL CHURCH COUNCIL OF ST MARY'S CHURCH, EALING

Statement of Financial Activities

For the year ended 31 December 2024

Notes
Income and endowments from
Donations and legacies
2a
Other trading activities
2b
Investments
2c
Charitable activities
2d
Other income
2e
Total income and endowments
Expenditure on
Raising funds
3a
Charitable activities
3b
Total expenditure
Gains/(losses) on investment assets
6
Net income/(expenditure)
Transfers between funds
Net incoming/(outgoing) resources after transfers
Other recognised gains/losses
5
Gains/(losses) on revaluation of fixed assets
5
Net movement in funds
Total funds brought forward at 1 January 2024
Total funds carried forward at 31 December 2024		 TOTAL
TOTAL
Unrestricted
Restricted
FUNDS
FUNDS
Funds
Funds
2024
2023
£
£
£
£
131,375
28,079
159,454
179,301
33,575
-
33,575
36,148
33,760
-
33,760
28,793
5,938
-
5,938
6,423
-
-
-
-
204,649
28,079
232,727
250,665
22,908
-
22,908
8,491
182,299
28,890
211,189
228,189
205,207
28,890
234,097
236,680
600
-
600
2,257
42
(811)
(769)
16,242
(811)
811
0
-
(769)
0
(769)
16,242
(10,000)
-
(10,000)
-
-
35,000
(10,769)
0
(10,769)
51,242
1,393,255
328
1,393,581
1,342,339
1,382,487
328
1,382,815
1,393,581

Page 1

2024 Examined Annual Report Page 15 of 24

PAROCHIAL CHURCH COUNCIL OF ST MARY'S CHURCH, EALING

Balance Sheet at 31 December 2024

Notes
FIXED ASSETS
Church Owned Properties
38 Airedale Road
16 Gerrards Court
Assets for Church Use
Pew Benches
Electronic Organ
Sound System
Liturgical Furniture
Video System & Screens
Hassocks
Tangible fixed assets
5
Investments
6
TOTAL FIXED ASSETS
Current assets
Debtors and prepayments
8
CBF Deposit Fund
Cash at bank and in hand
Creditors: amounts falling due within one year
9
Net current assets
NET ASSETS
FUNDS
7
Restricted funds
10
Unrestricted funds - designated
10
Unrestricted funds - general
10		 2024
£
380,000
8,000
-
-
7,808
-
-
395,808
26,845
422,653
29,065
805,000
158,734
992,799
(32,637)
960,162
1,382,815
328
735,000
647,487
1,382,815		 2023
£
755,000
380,000
10,000
-
-
8,784
-
-
1,153,784
26,245
1,180,029
17,311
105,000
135,075
257,386
(43,832)
213,554
1,393,583
328
-
1,393,255
1,393,583

Approved by the Parochial Church Council on 14 May 2025 and signed on its behalf

Julia James

Lay Vice-Chair as St Mary's is in a vacancy

The accompanying notes form a part of these financial statements.

Page 2

2024 Examined Annual Report Page 16 of 24

PAROCHIAL CHURCH COUNCIL OF ST MARY'S CHURCH, EALING

Notes to the Financial Statements for the year ended 31 December 2024

Note 1- Accounting policies

1a Accounting convention

The financial statements have been prepared in accordance with 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 2015) - Charities SORP (FRS 102) as amended by Update Bulletin 1, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2015. The accounts (financial statements) have been prepared to give 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) issued on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. As St Mary's is a small charity under Charities SORP (FRS 102) as amended by Update Bulletin 1 we have not prepared a cash flow statement.

The financial statements have been prepared under the historical cost convention as modified by the inclusion of investments at market value and the revaluation of fixed assets. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their affiliation to another body, nor those which are informal gatherings of church members.

1b Funds accounting

Funds held by the PCC are:

Unrestricted funds - general funds which can be used for PCC ordinary purposes

Restricted funds - a) income from trusts or endowments which may be expended only on those restricted objects provided in the terms of the trust or bequest; b) donations or grants received for a specific object or invited by the PCC for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of the year is carried forward as a balance on that fund.

1c Incoming resources

All incoming resources are accounted for gross.

Voluntary Income

Collections are recognised when received. Planned giving receivable is recognised only when received. Income tax recoverable on Gift Aid donations is recognised when the income is recognised. Grants and legacies are recognised when the PCC is legally entitled to the amount due.

Income from investments

Dividends are accounted for when due and payable. Interest entitlements are accounted for as they accrue.

All other income

All other income is recognised when it is receivable.

Gains and losses on investments

Realised gains are recognised when the investments are sold.

Unrealised gains and losses are accounted for on revaluation on 31 December.

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2024 Examined Annual Report Page 17 of 24

PAROCHIAL CHURCH COUNCIL OF ST MARY'S CHURCH, EALING

Notes to the Financial Statements for the year ended 31 December 2024

1d Resources used

Resources expended are accounted for on an accruals basis and are accounted for gross.

Grants

Grants and donations are accounted for when paid over, or when awarded where the award creates a binding obligation on the PCC.

Church Activities

The diocesan parish contribution is accounted for when paid. Any parish contribution unpaid at 31 December is provided for in these accounts as an operational (though not a legal) liability and is shown as a creditor in the balance sheet.

Liabilities

Liabilities are recognised as soon as the legal or constructive obligation arises.

1e Fixed Assets

Tangible fixed assets

Consecrated and beneficed property of any kind is excluded from the accounts by s.96(2) of the Charities Act 1993.

Movable church furnishing held by the Vicar and Churchwardens on special trust for the PCC and which require a faculty for disposal, are accounted for as inalienable property unless consecrated. They are listed in the church's inventory which can be inspected. For inalienable property acquired prior to 2002 there is insufficient cost information available and therefore such assets are not valued in the accounts. Individual items acquired since 2002 have been capitalised in the accounts and depreciated over their useful economic life (see note (d) ).

All expenditure on consecrated or beneficed buildings and individual items costing under £5,000 are written off in the year they were incurred.

Depreciation

Depreciation is calculated to write down the cost of tangible fixed assets, excluding freehold properties, over their expected useful lives. The rates generally applicable are:

Pew Benches & Liturgical Furniture Electronic Organ, Screens, Sound & Video System, Hassocks

4% straight line 10% straight line

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 has been any permanent diminution in value.

Investments

Investments are stated at market value at the balance sheet date.

1f Current Assets

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

Short-term deposits include cash held on deposit either with the CBF Church of England Funds, or at the bank.

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2024 Examined Annual Report Page 18 of 24

PAROCHIAL CHURCH COUNCIL OF ST MARY'S CHURCH, EALING

Notes to the Financial Statements for the year ended 31 December 2024

Note 2 - Income and endowments
2a
Donations and legacies
Planned giving
Gift Aid donations
Tax recoverable
Other Giving
Collections at services plus tax recoverable
Sundry donations plus tax recoverable
Legacies
2b
Other trading activities
Church & hall lettings
Fundraising events
2c
Income from investments
Dividends (CBF Investment Fund)
Interest (Bank and other)
Rental income from 38 Airedale Road
Rental income from 16 Gerrards Court
2d
Income from Charitable activities
Fees from weddings etc
Ancilliary trading
2e
Other income
Grants
Grant - listed places of worship
Other Grants
Total income and endowments		 TOTAL
TOTAL
Unrestricted
Restricted
FUNDS
FUNDS
Funds
Funds
2024
2023
£
£
£
£
69,462
17,882
87,344
105,225
18,450
4,603
23,053
27,278
5,011
2,402
7,413
20,082
4,101
-
4,101
4,068
8,378
3,191
11,569
2,650
25,974
-
25,974
20,000
131,375
28,079
159,454
179,301
33,575
-
33,575
36,148
-
-
-
-
33,575
-
33,575
36,148
729
-
729
717
13,444
-
13,444
1,210
-
-
-
8,865
19,588
-
19,588
18,000
33,760
-
33,761
28,793
2,065
-
2,065
3,379
3,873
-
3,873
3,045
5,938
-
5,938
6,423
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
204,649
28,079
232,728
250,665

Page 5

2024 Examined Annual Report Page 19 of 24

PAROCHIAL CHURCH COUNCIL OF ST MARY'S CHURCH, EALING

Notes to the Financial Statements for the year ended 31 December 2024 (Cont'd)

Note 3 - Expenditure
3a
Expenditure on Raising Funds
Ancilliary trading
16 Gerrards Court letting costs
16 Gerrards Court running costs
38 Airedale Road sale costs
3b
Expenditure on Charitable activities
Missionary and charitable giving:
Overseas: Missionary societies
Relief and development agencies
Home missions and other church societies
Ministry costs:
Diocesan parish contribution
Other clergy costs
Community outreach costs
Upkeep/refurbishment of properties
Insurance
Church utility costs
Cleaning
Church maintenance
Fees out
Upkeep of services
Administration
Support costs - parish training
Support costs - education
Church hall running costs & repairs
Narthex/creche refurbishment
Away Days & Christian Festivals
Lay Staff salaries
Printing, postage & stationery
Telephone
Website & computer costs
Independent Examination fee
Bank charges
Depreciation of fixed assets
Total expenditure		 TOTAL
TOTAL
Unrestricted
Restricted
FUNDS
FUNDS
Funds
Funds
2024
2023
£
£
£
£
2,658
-
2,658
2,002
4,383
-
4,383
2,621
2,753
-
2,753
-
13,114
-
13,114
3,868
22,908
-
22,908
8,491
9,099
9,099
11,126
6,859
6,859
9,164
12,932
12,932
12,004
101,420
-
101,420
96,553
30
-
30
1,137
-
-
-
-
-
-
-
-
7,364
-
7,364
8,045
10,037
-
10,037
12,836
7,121
-
7,121
6,135
9,179
-
9,179
12,627
1,227
-
1,227
2,332
2,943
-
2,943
1,998
4,683
-
4,683
-
559
-
559
30
1,057
-
1,057
757
4,464
-
4,464
1,383
5,030
-
5,030
27,224
-
-
-
-
18,036
-
18,036
17,349
1,910
-
1,910
1,467
759
-
759
504
2,752
-
2,752
1,486
350
-
350
700
399
-
399
356
2,976
-
2,976
2,976
182,299
28,890
211,189
228,189
205,207
28,890
234,097
236,680

2024 Examined Annual Report Page 20 of 24

Page 6

PAROCHIAL CHURCH COUNCIL OF ST MARY'S CHURCH, EALING

Notes to the Financial Statements for the year ended 31 December 2024 (Cont'd)

Note 4 - Staff Costs
4a Wages and salaries
Social security costs
Pension costs		 2024
2023
£
£
17,681
17,075
-
355
274
18,036
17,349

4b Payments to PCC members

There were no payments to PCC members other than for reimbursed expenses.

Note 5 - Tangible Fixed Assets
Cost or valuation
At 1 January 2024
Additions
Disposals
Revaluation
At 31 December 2024
Depreciation
At 1 January 2024
Provided in the year
Disposals
At 31 December 2024
Net book amounts
At 31 December 2024
At 31 December 2023		 Church owned
Church
Properties
equipment
£
£
1,135,000
208,342
-
-
745,000
-
-
10,000
-
-
380,000
208,342
-
189,558
-
2,976
-
-
-
192,534
380,000
15,808
1,135,000
18,784		 TOTAL
£
1,343,342
-
745,000
-
(10,000)
588,342
189,558
2,976
192,534
395,808
1,153,784

At 1 January 2024 the PCC owned a freehold house (38 Airedale Road) and a leasehold flat (16 Gerrards Court). 38 Airedale Road was sold on 30 May 2024 for £745,000. The balance sheet value on 1 January 2024 was £755,000.

The difference between the sale price and the balance sheet value is shown as a loss of £10,000 in the Statement of Financial Activities, Other recognised gains / losses. The value shown for 16 Gerrards Court is an approximate valuation by an estate agent without viewing as at 31/12/23.

Note 6 - Investments

CBF Investment Fund - Market value 1 January 2024
Disposals at carrying value
Purchases at cost
Net (Loss)/Gain on revaluation
Market value 31 December 2024		 £
26,245
-
-
600
26,845

Page 7

2024 Examined Annual Report Page 21 of 24

PAROCHIAL CHURCH COUNCIL OF ST MARY'S CHURCH, EALING

Notes to the Financial Statements for the year ended 31 December 2024 (Cont'd)

Note 7 - Analysis of Net assets by fund

----- Start of picture text -----
Unrestricted Restricted Total Funds
Funds Funds 2024
£ £ £
Designated fund - property purchase 735,000 - 735,000
16 Gerrards Court (flat) 380,000 - 380,000
Church furniture 15,808 - 15,808
Investment fixed assets 26,845 - 26,845
Other current assets 231,752 26,047 257,799
Current liabilities (6,918) (25,719) (32,637)
1,382,487 328 1,382,815
----- End of picture text -----

At the end of the financial year, the PCC designated £735,000 from the unrestricted general fund for the future purchase of a property. The designation reflects the PCC's strategic objective to acquire a new property. This designation may be revised at the PCC's discretion in light of future developments or financial needs.

The designated fund is not segregated within the current account or deposit fund.

Note 8 - Debtors

Note 8 - Debtors
Gift aid claim
Prepayments and accrued income
Other debtors		 2024
2023
£
£
24,581
4,484
17,311
-
-
29,065
17,311
Note 9 - Creditors: amounts falling due within one year
Accruals and deferred income
Mission Fund
Other creditors		 2024
2023
£
£
6,918
18,564
25,719
23,963
-
1,305
32,637
43,832
Note 10 - Statement of funds
Unrestricted Fund
General fund		 Bal b/fwd
Income
1 Jan 2024
£
£
1,393,255
204,649		 Expenditure
Transfers,
other gains
and losses
£
£
(205,207)
(10,212)		 Bal c/fwd
31 Dec 2024
£
1,382,487
1,393,255
204,649		 (205,207)
(10,212)		 1,382,487
Restricted Fund
Mission
Vicar's Discretionary
Other Restricted		 -
28,079
88
-
240
-		 (28,890)
811
-
-
-		 -
88
240
328
28,079		 (28,890)
811		 328
Total funds 1,393,583
232,727		 (234,097)
(9,400)		 1,382,815

Page 8

2024 Examined Annual Report Page 22 of 24

PAROCHIAL CHURCH COUNCIL OF ST MARY'S CHURCH, EALING Notes to the Financial Statements for the year ended 31 December 2024 (Cont'd) Note 11 - Donations to Outside Causes (Mission Fund)

2023
£
803
101
1,852
1,050
1,667
1,774
1,979
2,500
2,102
60
2,705
2,805
19,398
600
500
1,500
300
310
0
3,210
679
200
579
579
879
679
0
3,595
3,383
879
30
441
524
0
0
0
167
167
500
6091
32,294		 CHURCH SUPPORTED
A Rocha
Bible Society
Christian Aid
CAP Ealing
Church Army
CMS (Church Mission Society)
Interserve
Neema Crafts, CMS
SAT-7
OMF (Overseas Missionary Fellowship)
Prison Fellowship
Tearfund
PCC ALLOCATED PAYMENTS Mission
Gifts to Linked Mission Partners
Mission Partner Support, Interserve
Neema Crafts, CMS
Ukraine mission
SAT 7
Church Army
PCC ALLOCATED PAYMENTS re Ealing Mission
St John's Southall English classes for immigrant women
Soup kitchen (St John's Ealing)
City Harvest
Dementia concern
CAP (Ealing)
Oxford Kilburn OK Club
Street Pastors
SPECIAL EVENTS AND COLLECTIONS
Ukraine mission
St Mary's Food Cupboard
Christians Together in Ealing
Childrens Society
Turkey-Syria Earthquake appeal
Crisis
Christians against poverty
Bishop's discretionary fund
Diabetes UK
BHF
Salvation Army		 £
£
868
751
2,613
1,050
1,674
1,113
2,013
0
2,154
60
2,427
2,650
17,373
600
380
1,278
450
450
450
3,608
650
0
650
650
2,118
650
4,718
996
946
0
648
0
253
253
95
3,191
28,890
2024

Page 9

2024 Examined Annual Report Page 23 of 24

INDEPENDENT EXAMINER'S REPORT TO THE PAROCHIAL CHURCH COUNCIL 0F ST MARY’S EALING FOR THE YEAR ENDED 31 DECEMBER 2024

I report to the trustees on my examination of the accounts of the Parochial Church Council of St Mary’s Church Ealing for the year ended 31 December 2024.

Responsibilities and basis of report

As the charity trustees of St Mary’s Church Ealing 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 Church’s accounts carried out under section 145 of the 2011 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

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

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

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

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

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

Maria Bob

Maria Bob, FCCA Association of Chartered Certified Accountants 15 Beaconsfield Road London W5 5JE

Date: 10[th ] of May 2025

2024 Examined Annual Report Page 24 of 24