2024-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of The Annunciation Of The Blessed Virgin Mary Chislehurst

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The Church of The Annunciation of The Blessed Virgin Mary, Chislehurst

PAROCHIAL CHURCH COUNCIL ANNUAL REPORT FOR 2024

May 2025

The Church of The Annunciation of the Blessed Virgin Mary , Chislehurst

Administrative Information

The Church of the Annunciation of the Blessed Virgin Mary was built in 1870 and is situated in the busy High Street in Chislehurst. It is part of the Diocese of Rochester within the Church of England. The correspondence address is The Church of the Annunciation, High Street, Chislehurst, BR7 5AQ.

The Parochial Church Council of the Ecclesiastical Parish of the Annunciation of the Blessed Virgin Mary Chislehurst is a charity registered with the Charity Commission in accordance with the Charities Act 2006 (Charity Number 1132138).

Objectives

We rejoice in our long history and heritage of the Catholic tradition of the Church of England, and a celebration of the Mass is offered most days and the Blessed Sacrament perpetually reserved. The Resolution under the Women Bishop's legislation has been passed, and the Church is under the pastoral care of the Bishop of Richborough.

Following the retirement of the vicar, the Reverend Paul Farthing, the church is in interregnum.

We have an Honorary Assistant priest, Canon David Herbert and one Reader Emeritus, Miss Jennifer Smith.

The PCC also has maintenance responsibilities for the church building, the vicarage and the former curate’s house at 47 Holmdale Road Chislehurst.

PCC Membership

Members of the PCC are either ex-officio or elected by the Annual Parochial Church Meeting (APCM) in accordance with the Church Representation Rules.

During the year, the following served as members of the PCC:

Incumbent	Vacant
Churchwardens	Mr John Symes
	Miss Carole Poll
Deanery Synod Representatives	Mr J Michael Owen
Elected Members	Mrs Victoria Browne
	Mrs Anne Harrison (Treasurer)
	Mrs Paula Howard
	Mrs Beverly Porter
	Mrs Sally Thorn
	Mr Michael Watson (PCC Secretary)

PCC Committees

The PCC operates through the Standing Committee which meets as and when the need arises. This is the only committee required by law. It has power to transact the business of the PCC between meetings, subject to any directions given by the Council.

The Church of The Annunciation of the Blessed Virgin Mary , Chislehurst

Achievements and Performance

Church Attendance

There are 44 parishioners on the Church Electoral Roll, of whom 21 reside outside the parish.

Review of the Year

The church lost some members during the COVID pandemic, and we have continued to lose more through age and infirmity, but we have been pleased to be able to welcome some new families.

There have been no deaths during the year under review, but it would be remiss not to record the more recent deaths of two faithful long-standing members of our congregation, Mrs Glenys Thomas and Mrs Madeline Gardner.

The PCC met eight times during the year.

We continue to provide a Parish website at http://annunciationchislehurst.org.

Canon Herbert has continued as editor of our monthly parish magazine which is produced in addition to the weekly pew-sheets. No charge is made for this, and the magazine continues to be well received and covers a wide range of topics.

The church has continued to give generously to charitable organisations both locally and overseas.

The work of the Church and all its achievements are dependent upon the time and talents its members bring to support all its activities, and the PCC take this opportunity to thank all who have contributed during the year in any way to support our Church of The Annunciation.

Working parties have undertaken church and churchyard cleaning, usually once a month, and the churchwardens are most grateful for the efforts of a small but dedicated number of parishioners. A coffee morning held once every week has proved popular, and has attracted many visitors into church.

Financial Review

A Summary of the Parish Accounts is attached to this report.

Future Plans and Concerns

Substantial repair work to the fabric of the building has been completed, but necessary repairs to the tower are still to be undertaken. A major fund-raising effort will be needed before this can proceed.

Reserves and Investment Policy

It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity, at a level that equates to approximately six months expenditure. This provides sufficient funds to cover management and administration and support costs and to respond to emergency applications for grants which arise from time to time. Unrestricted funds were maintained at this level throughout the year. It is our strategy to invest our funds balances with the CBF Church of England Deposit Fund.

The Church of The Annunciation of the Blessed Virgin Mary , Chislehurst

Risk and Safeguarding Policy

A child protection policy is in place, and in compliance with the Criminal Records Bureau requirements for those working with young children and vulnerable adults, CRB clearance has been obtained. The PCC are committed to ensuring that our church and hall are safe places for all who use them, and the House of Bishops Safeguarding Policy has been formally adopted. All PCC members have received appropriate safeguarding training.

For more detailed information and guidance see the Parish Safeguarding Handbook, https://www.rochester.anglican.org and click on safeguarding.

Arrangements are in place for dealing with cash i.e. all money to be banked is placed in a wall safe and the money deposited in the bank at regular intervals. The church building to complies with the Disability Discrimination Act. With reference to fire regulations, the extinguishers are regularly serviced and a Fire Risk Assessment has been completed.

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl The Parochial Church Council of the Eccleslastical Parish of the Annunciation On accounts for the year ended 31 Ut Dember 2024 Charity no (if any) 1132138 Set out on pagos b(>r to inclu nimhArs nl I report to the tTUStees on my examination of the accounts of the above charty (Ihe Trusf) for the year ended 3111212024. Responsiblllties and As the charty trustees of the Trusl, you are responsible for the preparation basis of report of Ihe accounts in accordance with the requirements of the Charities Act 2011 {he Acr). I report in respect of my examination of the Trust's accounts carried out undef sectK>n 145 of the 2011 Act and in carrying out my examination. I have followed the applicable Directions given by the Charity Commission under section 145(5){b) of the Act. I have completed my examination. I confirm that no material matters have come to my attention (other than that disclosed below ") in connection with the examination which gives me cause to believe that in, any material respecL accounting records were kept in accordance with section 130 of the Act or the accounts do not accord with the accounting records I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper underslanding of the accounts to be reached. Please delete the words in the brackets if they do not apply. Indèpendent examinerfs ststement Signed: Date: Name: Ingrid Cawood Relevant professional qualificationls) or body (rf any): c>(_siL04% Iq Address: 6 Adelaide Road, Chislehurst, BR7 6BB IER October 2018

Section B Disclosure Only complete rf the examiner needs to hhlIght matters of concern (see CC32. Independent examination of charty accounts: directions and guidance for examiners). Give here brief detsils of any items that tha examiner wishes to disclose. IER October 2018

Church of the Annunciation of the Blessed Virgin Mary. Chislehurst Statement of FirFancial Activities For the Year ended 31st December 2024 Total Funds 2024 2023 Fund5 Incomlna Resources Voluntary Income Activities for8ener*in8 Funds Income from Investments Income from Church Artivities Other Incomin8 Re50ur Total Incomlng Resources 47.047 6536 53.583 13.988 140,758 378 16,289 224,996 50,149 14,051 40.703 1,201 21.931 128,035 137,fA)3 378 1.713 1,442 215.305 1,713 7.978 Resources Expended Church artivltie5 Fund Rai5in8 Ctssts Governance Costs Quinquennial Repairwork Totsl Resources Expended 94,945 17,957 275 22,501 135,678 7A16 102,362 17.957 275 22.501 143.094 101,882 2,193 275 127,038 23L389 7,416 Net Incomln8/Outgoln8 Resources before other Reco8nlsed Galns and Losses Gain/lLossl on Investment Assets on Revaluatlon 79h27 Lll3 81,gJ2 1103.3531 L179 Net Movement In Fund$ 79.627 82,284 11011741 Transfer btheen FurKIs 163951 1,745 8alan¢e blfyvd ljanuary 2024 285569 4&411 21291 340 37L611 473,785 Balance clfwd 31 December 2024 358,301 55274 24598 45395 371,611 Flxed Assets Tangible Hxed Assets Investments 22S.926 225,926 15,722 241,648 225.926 15,340 24L266 15.722 15.722 22S.926 Current Assets ShortTem Deposfts Cash at bank 55.274 55.274 156,973 212,247 48,411 81.9a4 130,345 132,375 132.375 24.598 24.598 55.274 Total 358.301 55.274 24598 15,722 453.895 371.611 Parlsh Funds Unrestrleted Designated Restricted Endowrnent 358301 55,274 24,598 15,722 453,895 285,S69 48.411 22,291 15,340 371.611

Paze 2 Church of the Annunciation of the Blessed Virgin Mary, Chislehurst Notes to the Financial Statements For the Year ended 31st Dember 2024 Incoming Resources Total Funds 2024 Funds Funds Funds 2023 Voluntary Income Planned Giving/family Purse Stsnding Orders Income Tax Recoverable Collections (open plate) DonationslAppeals etc 7.772 25.657 6.577 2.481 4.560 47,047 7,772 25,657 7,808 2,481 9,865 53,583 7,454 24.377 8,434 2.223 7.661 50,149 1,231 5,305 6,536 Activities for Generating Funds Spring and Autumn Fetes Bromley Boys Sin8ers concert Sunday Coffee Mornin8S Commemorative Mu8S Mobile Phone Mast Coffee Stop 2.423 317 670 18 10,000 560 13.988 2,423 317 670 18 10.000 560 13,988 2,967 608 15 10,000 461 14,051 Income from Investments Dlvidends and Interest Included Rental Income Doctors Surgery Rent settlement tor CMP - Dortor's surgery Rental Income 47 Holmdale Rd 4,974 36,500 1,713 1,442 8,129 36.500 5,869 21,000 80.000 16,129 137,603 16,129 140.758 13,834 40,703 1,713 1.442 Income from Church Activities Fees 378 378 378 378 1.201 1,201 Other Incoming Resources Donation for Electrical work In the churchyard Chislehur5t Society donation for replacement churchyard bench Donation for New Altar Frontal Quinquennial works VAT refund from LPOW grant scheme 1,000 1,000 847 16.289 16,289 16.289 19.084 21,931 16.289 Total Incoming Resources 215,305 1.713 7.978 224,996 128,035

Page 3 Total Funds 2024 2023 Funds Funds Funds Funds Resources Expended Church Activities Home Missions Secular Chartties Ministry: Parish Share Ministry- Costs/ Expense5 Church Runninglmaintenance Upkeep of SeNices New Altar Frontal Churchyard Upkeep Printing and Stationery Subscrlptions Other Parish Costs Bank Charges Council Tax Water Utilities Insurance Organist Fees and Cholr Music 50 4,276 63,000 2,045 4.721 712 7(M) 63.000 2.263 3,371 2.356 3,056 63,000 2,263 3.371 382 1,571 5.382 1,571 640 900 138 3,232 449 6,139 4,743 6,250 240 102.362 6.055 1,180 447 900 144 3,052 292 2,299 5,205 6,535 120 101.882 78 3.232 449 6,139 4.743 6,250 240 94.945 7,416 Fund Raisin8 Costs FeteslEvents Card Reader eKpenses Property Upkeep and Legal Fees 219 139 17,599 17.957 219 139 17,599 17,957 335 162 1,696 2,193 Governance Costs Independent Examiner 275 275 275 275 275 275 Quinquennial Repair Work Quinquennial Consultants fees Quinquennial Main Contractors 372 22.129 22,501 372 22,129 22,501 13,316 113.722 127,038 Total Resources Expended 135.678 7,416 143,094 231,389

Flxed Assets land arKI lthn8S 225.926 Table Flxed Assets lunrestrithdl 225.926 225.926 Thefreehold and bld1r¥S(mtsecaie's hJseat47 Ro>O4kn For a(Cfym1fi wvprwthe The propth has been letto the5ametenants Ortober 198L Theawrwrtva1uattc tsthe v4uaiion datsd June 2015. Though the market valuation would undothtwlty be more. fth35to beth)Intoaccount thatselNn84 trthsewlth knytum sftVn8tenants dtpre5sesthe value ofthe proputy. Investment Fixed A55ets l£ndowment Funds) CBF Chyrth of tyand InvESlment Fundmxed Irrtertst SeUwlUtsF1. Inrrffie Shas Market Value. ljanuary Net KainllLos%l on annual Re# 14474 11,369 L105 14,474 14,836 P•rlsh Trust funds Market Value- ljanuary Nèt galnllLossl on annual ReI•t1n 866 792 74 Totsl Investments Fch Holdln85 at 31st Oecember 2024 comprlsed 2.922.6112023.. 2,922.611 sh•res wsth a mid market value of 149.12p12023.. 144.75pl In the thurth of England Flxed InterestseLrItIeS Fund Income Shares and 453.1412023.. 414} sh•resw6th a MNI marketvaut of Z312.27p 12023.. 2260.53pl In the Chuith of England Investm Fund Income Share Parlsh trust Fund5 art held tythe Rothester D.S. arbj &F. asutytthtntsite. PCC15 reSpe for t•s1¢1S 45 mana8lngiru5tee. The Invellmentcomts Income Shares held In the NIIAteGra CBF FdI[th a l>)ok costof £512.34 and a marketvalutof f886.C613LIZ201. f86&241 The Endowment Funo is ihe Mar8aret HM$h•W Musl£ fund. The CatrI Is held In CBF l•come Shares, the dmdends ale tr•nsfeTred to • CBF deposlt attounther¢tlyeim fwther Interes¢ The Inu¥M is to be usedtor•Dwhlr4 in the fleld of Mu¢ wlthln the thurch. The ParlshTru5t Funds hold loniterm grt of cenwavesln tr thWttrya •xl theretNe th Y1 Income15 treated gs restrlrted. Donaiions Appeal Payable Fund Restorallon fund Oellnated Endowment Funds Fund Fund Movements T(Ywer Fund FLmd 0010n atthe beglnnloiof theyear Incomln8 Resour ¢Jui8olng Resour5 Investhient fj3lnllL0551 Balan at the end of theyea 1320 43r2 48AII 1%340 n2 10.721 Lll3 55.274 L779 15,722 Current Assets (Restrlcted) The restrlcted fvnds ¢ompTlse 5peclal ¢ollefflions and atsooed redaimed akl. and theTower Fund. these ltsnds are held in general bankaccount In separate yjb aCCts ty OA depo%t IS sep¥atethJndswith the Certtyal Board of Flnance of the Church ol Enand. The ResEoratiorTr FId Is hekl in a separate bank a((owtatkl on depo&ttthth thecentral Board ol Finafi¢e ofthe Churth ¢)fEnOarbJ. spe(S•1 4leCto paId0 TheTower FwKI15k¥the malnten ofthe bells.The Pesrornyon fund isforthe ore and ofthefthicolthe (twr Breakdown of Rtstrltted Fund$ 10721.11 6305.92 1779 5Th)2 Toww Appeal T(vwer Fund Charity dtinè1i tyjt 930 291 24598

BASIS OF PREPARAnON OFTHE FINANCIALsfATEMENTS The Financial Statements have been prepared under the histt>rical c05t ¢0n%vrt1 with the exception of investments whith are reco8nlsed at market value and the Fixed Property which is currenty valued atts 2015 insurance valuation. The Flnanctal ststements have been prepared usirgthe Recelpts and Payment rnethC. FUNDS Endowment Funds are funds in whlch the capltsl must be malntained. Income arSsln8 fr¢)m investment of the endowment may be used either as restrfcted or unrestrirted funds dependlng upon the purpose for which the endowment was established. Restrlcted Funds represent a) Sncome from tfU5ts or end0ents which may be expended onty on those restricted objects pmlded In the terms ofthe trust or beque5L and b) d(ThI1$ orgfants recei4d fora 5pedfic oblert or invlted by the PCC for a speclfic objert. The funds may only be expended on the specific object for which they were given. Any balance remalnin8 unspent at the end of the year may be carried forward as a balance on the fund. The PCC does not usually invest separately for each fund. Vlhere there is no Separate investment, interest15 apportloned to individual funds on an avera8e balance basis. Uniestrlcted Funds are 8eneral fund5 which can be used for PCC ordinary purposes. Income from Investments: Rental Income from the letting ofthe inve5trnent woperty wlthln the fixed a55ets147 Holmdale Rdl and from Chlslehurst Medlcal Practice are recognlsed when the rentsl Is received. INCOMING RESOURCES Planned 8ivin& collectlons and donatlons are reco8nlsed when recel¥ed. Tax refvnd5 are recognlsed when the incomlng resource to whlch they relate Is received. Grants and le8acle5 are accounted for when recel4ed by the PCC. DIMdends are accounted for when the receivable interest is receNed. All other income is recognlsed when It Is recelved. All Sncomlng resources are accourrted forgross of any related expenditu. whlch is acctwnted for separately under resources expended. £16,288.57 was recelved from the Listed Place5 of Worshlp ILPOWI Grant Scheme for repayment of VAT pald for maln contractors and professlonal fees for Qulnquennlal work5. RESOURCES EXPENDED Grants and donatlons are accounted for when pabd over. The Dlocesan parlsh share Is accounted for when pald. Amounts received specifically for missions a dealt with as restricted funds. All other expendlture Is reco8nlsed when It Is pald and accounted for gross of VAT pald and any related income. VAT whlch15 successfully claiMed agalnst expendlture Is credlted to expendlture when It Is recelved. Quinquennial repair5-phase 2 - ¢ommen¢ed in Crtober 2023 and were completed in January 2024. £22.128.71 was paid to the main tontrartor in 2024. A VAT refund of 16.288.S7 was received from the LPOW Grant xheme in 2024for Phase Two ofthe i]ulnquennial work. The Quinquennlal woths have been funded bytransfers from Reser. In 2024 rent reviews for CMP were agreed and £80.0(Xl rent owed was pald to the Church. This hès been transferred to the General Reserve. Rent Increases for CMP were also agreed and implemented In 2024. Ibbott Mosely were paid £5,340 in professlonal fees for the surgery rent revlews. 47 Holmdale Road rent also increased following a rt review and appeal. Ibbott Mosely were pald £4AYI in pmfessional fees for the rent review The Tower Appeal was launched on Glft Day In 2024. Th1$15 to rdlse funds forwoFk repalrlr8tr*Tower. A new CCLA Deposlt Account has been opened for the Appeal funds. FIXED ASSETS Consecrated and benefice propertyls not Included In the accounts In accordance with S.9612llal of the Charities Act 1993. Moveable church fumishirtgs held bythe vlcarand churchwardens on spedal trust forthe PCC and which require a faculty for dlsposal are Inalienable property. listed in the church's inventory. vthich can be inspected lat any asonable timel. Flxed Assets acquired priorto 2[ have been fully wrltten off, induding those stlll in use. forwhith no purthase records exist. The Freehold Land and Bulldings are stated atthe 2015 inwrance valuation. and a treated as an investrnent property, wÉthin Flxed Assets. Low value assets with a purchase prlce Of£5 or less. are wrftten off when the asset is auired. Investments are valued at marketvalue at 3tst December.