The United Reformed Church Christ Church United Reformed Church Rayleigh Trustees Report and Financial Statements For the Year Ended 31st December 2024 Contents Page Report of the Trustees Independent Examinerfs Report Statement of financial activities Balance Sheet Notes to the financial statements 8-12 Registered as a Charfty- Charfty Number 1132232
Rayleigh United Reformed Church Charity (Alternatlve name- Christ thurch United Reformed Church Charity) Charlty Registratlon Number: 1132232 Report of the Trustees For the year ended 31st December 2024. Mlsslon Statement Christ Church aims to promote and nourish falth In God, to tell of God's love, and by working together, to share God's love with the communlty and wlder world. Legal and Admlnlstratlve Informatlon Chrlst Church Unlted Reformed Church. Rayleigh is a local church of the United Reformed Church In Great Britaln and is a member church of Eastern Synod of the Unlted Reformed Church. The church pmISeS are sltuated in Crown Hlll, Rayleigh $56 7HA. Christ Church United Reformed Church Rayleigh is a community of people who gather together regularly to worship God In a non-conformist tradition that traces its roots to the Reformatlon. Christ Church was established as a Congregational Church in 1910 and joined the United Reformed Church at its formation in 1972. The church premises are vested in Eastern Province Trust as trustees and held for the benefit of Christ Church United Reformed Church, Rayleigh In accordance wlth the trusts appllcable to Unlted Reformed Church propertles. Christ Church United Reformed Church, Rayleigh was registered as a charity on 21 October 2009 (Re8. No. 1132232) to comply wlth changed legal requlrements. The charity trustees are the members of the Elders Commlttee, from 1st January 2024 until the date thls report was approved were: Joyce Berry Keith Berry Sue Deane Gwyneth Delve (from 25 April 2024) Phillip Headley (from 25 April 2024) Thora Ker (to 25 April 2024) lan Miller (to 25 April 2024 and from l May 2025) Richard Stoke5 (from 25 April 2024) Naomi Young-Rodas Bankers: Barclays Bank, 63-65 Hi8h Street, Rayleigh, SS6 7EL. Structure and Governance The activities of Christ Church United Reformed Church, Rayleigh are overseen by the Elders, Meeting of the Church in accordance with the provisions of The Structure of the United Refr)rmed Church determined by General Assembly of the United Reformed Church and supplemented by the rules of Christ Church United Reformed Church, Rayleigh. The Elders, Meetlng is responsible for the spiritual well-being and financial administration of the Church, and the care and maintenance of Church premises and the manse. The Church
Meetlng (of all churth members wishing to attend) gives guidance on the life and work of the Church, appoints Church ofPir5, all major initiatives and si8nlficant items of church expenditure are also brought to Church Meetingfor approval. The member5 of the Elders, Meeting are the minlster in pastoral charge and up to eight members of Christ Church United Reformed Church, Rayleigh nomlnated and elected by the members of the Church. Elders having Served for 3 years retire by rotation and are eligible for re-election for a further period of 3 years. Following a period of 6 consecutive years as serving Elder, a period of one year must elapse before the person is eligible for re-election as a serving Elder. There Is no limit on the number of periods of service. The members of the Elders, Meetln8 are the trustees of the registered char5ty during thelr period of servlce as Elders. Objectlves and Actlvltles As a local con8re8atlon of the United Reformed Church, Christ Ch urch, Raylei8h seeks to advance the Christlan falth throu8h its actlvities and the facilities offered to the communlty by Its building and described more specifically In Its mi551on statement. The Elders, Meetlng Is aware of the Charity Commission's guldance on publlc benefit in Yhe Advancement of Rellglon for the Publlc Benefit" and has regard to It in the admlnlstration of the church. The Elder5, Meetlng believe5 that the Church provldes beneflt to the public by: providlng resources and facllltles for public worshlp, pastoral care and splritual moral and Intellectual development, both for the congregatlon and for anyone else who wishes to benefrt from what the Church offers: managlng the premises for community use; promotlng Chrlstlan values and servlces by members of the congregatlon to the community, for the benefit of individuals and society as a whole. Revlew of Actlvltles and Achlevements Worship has been offered regularly on a Sunday mornlng led by the min15ter, Revd. Naomi Young-Rodas, by visiting worship leaders or by one of the lay preachers within the congregatlon. The average attendance was 43 at the mornln8 servlce. Activltles are arranged for the younger members of the congregation (usually four or five chlldren) in the Sunday Club or, once a month the servlce is All Age Worshlp. A speclal servlce of Remembering was held in October and a Christin8le Servlce on Christmas Eve. Messy Church was held on six occasions durin8 the year. A Carers and Toddlers Group meet once a week durln8 school term time organlsed by the church's Children and Famlly Worker and volunteers from the church have helped with the running of this group. A servlce based on the Taize style of worship is held once a month. A monthly Space for Prayer is arranged 8iving a quiet time for anyone wishin8 to attend. At the end of 2024 the church membership wa5 68 with nine people re8ularly attendin8 worship who are not church members. Pastoral Care and Church Ufe All members and adherents are included in Pastoral Groups. The church employs a Children and Family Worker who liaises with the families of children connected with the church. A number of attivities are arranged during the year where members and friends can meet includin8 Quiz Nights and Meals Out. The charlty also includes the Concord Ladies Club and the Badminton Club. The funds for these organisation are in separate accounts, they have their own committee structure and
treasurer, but thelr total receipts and payments and the balance held at the year end are included in this report. Separate bank accounts for the Music Group and the Fairtrade Stall are maintained, again their receipts and payments and year end balances are Included in this report. The Needles and Natter group continued rneeting and as with the other or8anisations is not limited to those who attend the church. The buildln8 work of Phase l of the bullding project was started in March 2024 with the work being completed by early August 2024. Phase I concentrated on the external repalrs to the fabric of the buildlng Identified in the Quinquennlal Survey Report, on improving the insulation to Caley Hall which involved lining the ceillng and the end wall with insulated plasterboard; Installing infra-red heating panels to replace the gas heater," double 8lazin8 the large window; new li8htin8 in Caley Hall; resolving the damp problem in the Primary Room; new flooring and new lighting in the Primary Room, as well as re-decorating both Caley Hall and the Primary Room. As with any building work, on a building which is more than hundred years old, additional repairs were identified during the progress of the work and these were dealt with as appropriate as it made good economic sense to rectify these while the builders were on site. The work was completed within budget and the cost was met from the grants received, donations from rnembers of the congregation, fundraising events and church funds. Charltable Works Fundralslng for other charities continues on a regular basis wlth different charltles belng supported each month during the year (see Note 12). In addition, the church has a partner church in Zlmbabwe, this partnership was established In 2010 and flnancial assistance has been glven to the church in Budlriro. Flnanclal Revlew The accounts for the year are set out on pages 6 to 12. The accounts have been prepared on the Accruals basis in accordance with the Statement of Recognised Practice for Charities (2015) as the gross Income exceeded £250,000. For the church the main source of income is the Offertories, Including the glving by some members by monthly standing order. hall hire and the income earned by the 501ar panels Installed on the roof of the church. The General fund, after maklng some transfers to the designated accounts, indicates expenditure In excess of receipts of £2,148 (2023- surplus of £267). The deslgnated funds are detailed in Note 17 of the statements and provide reserves to meet various categories of non-routine expenditure. During 2024 the value of the investments held by the church increased in value by £2,526. After taking into account the increase in the value of the investments held by the church and the spending on the building project the total funds of the church charity are approximately £41,000 lower at the end of 2024 compared with Dember 2023. The Restricted Funds comprise mainly of money given for the building projett, other charities and the funds of the church organisations. Reserves- the trustees considerthat a minimum of £10,000 should be held as a reserve in the General Fund to meet routine expenditure, and £7.000 was transferred from the Bequest Fund to the General Fund in 2024. Investment Policy- as some of the funds were not needed for current expenditure they were placed in investment funds with CCLA Management to provide a better return than
was available on Deposit Accounts. The income from the investments held in Designated Funds Is Included wfthln the general recelpts. Rlsk Managem@nt- the trustees have identlfied what they believe to be the major rlsks which the church faces and are satisfied that these have been adequately mitigated where necessary and revlew the risk assessment annually. Safe8uardln8 Pollcy-thÈ ch2rit¢s Safeguarding Policy is based on the one approved by the United Reformed Church and is reviewed regularly. The trustees and other key members of the charity have attended on-line refresher safeguarding training. Publlc Benefit- the trustees are aware of the Charity Commission guldance on public benefit including the specific 8uidance on charities forthe advancement of religion. Everyone Is welcome to attend our regular servlces and other activities. Volunteers- as would be expected within a church structure many of the actlvities are carrled out by volunteers. The stlpendiary minister is pald from the central United Reformed Church's Ministry and Mission Fund to which the church contributes. The work of the church Is, therefore, substantlally dependent upon the voluntary members and it is not considered appropriate to consider the value of this time. As mentioned earlier the total income and expenditure figures for the church organisatlons are included in the charityls Income and expenditure accounts. The year end balances are included in the balance sheet. Approved by the Elders and signed on thelr behalf by: Church Secretary: g Date: 01. 12.202
Independent Examinerfs Report to the Members of Christ Church United Reformed Church Charity I report on the flnancial statements of the Charity for the year ended 31 December 2024 as set out on pages 6 to 12. Thls report Is made solely to the charityes trustees, as a body, In accordance wlth sectlon 145 of the Charities Art 2011. My work has been undertaken so that I might state to the charitvs trustees those matters l am required to state to them in this report and for no other purpose. To the fvllest extent perniitted by law, I do not accept or assume responsibility to anyone other than the charity and charttV5 trustees as a bodyi for my work, for this report, or for the opinions I have formed. Respertlve responslbllltles of trustees and examlner The charl5 trLStees are responslble for the preparatlon of financial ststements. The charftvs trustees conslder that an audlt is not requlred for thls year under Section 144{2) of the Charitles Act 2011 {'the 2011 ACV) and that an independent examlnatlon Is needed. It Is my responslbillty to,.
Examine the flnancial statements under sectlon 145 of the 2011 Act; To follow the procedures laid down In Genernl Directlons glven by the Charty Commlsslon under sectlon 145(5I(b) of the ZOII NL¢" and To stste whether particular matters have come to my attention. Basls of IndePendt examlnerf report My examlnatlon was carrfed out In accordance wfth the General Dlrectlons 8lven by the Charlty Commlsslon. An examinatlon includes a review of the account1 records kept kry the charty and a comparison of the financial statements presented wlth those OrdS, It also }ndLe$ considerdtlon of any unusual Items or dlsclosures In the financial statements and seekin8 explanations from you as trustees concemlng any such matters. The procedure5 undertaken do not provlde all the eVIden that VK+uld be requlred In an audlt, anfl consequently no opinlon ts glven as to whether the financial statements present a 'true and fale vFew and the report Is Ilmlted to those matters set out In the statement below. IndÉpÈndent examlner¢ statÈment In connectlon wlth my examlnatlon, no matter has come to my attentlon: a) Whlch glves me reasonable cause to IEleve that in any materlal respect the requlrements: To keep accounting records In aCcOrdar wfth sertK>n 130 of the 2011 Act: and To Ppare flnancial statements ¥thich accord wlth the accountln8 reconls and comply with the accounting requirements of the 2011 Ac(. Have not been met; or b) To whlch, In my opinion, attention should be drawn in order to enable proper understandlng of the financial ststements to be reached. Independent Examiner Signature Name." MrA13n afton Date: ece
Christ Church United Reformed Church, Rayleigh stat8ment of Flnancial Activities for the Year Ended 31 December 2024 Note Unrestrlcted Fund5 General Designated Restrfcted Monles Totsl 2024 Total 2023 Incomlng Resources Voluntary income Activlties for generating funds Other Trading Activities Investment Incorne Grants Other Income 53,919 1,771 5,722 2,485 5.882 286 10.703 70,504 2.037 7,825 3,567 191,823 7,728 99,398 3,196 6,556 2,734 24,704 5,436 2.103 762 320 191,823 7,728 Total Incomlng resources 71,625 6.468 205,391 283.484 142,024 Resources Expended Ministryand Misslon Chlldren and Familyworker Charitable activitles: Church Runnlng Costs Outside Causes Bulldlng Project 43,016 11.156 1,148 15,235 1,718 2,186 45,202 11.156 6,873 15,235 5,263 243.496 47,522 10,587 6,527 20,900 6,206 14,753 10 11 12 13 5,625 100 3,545 243,496 Total resources expended 72.273 5,625 249.327 327,225 106.495 Netgalnl{loss) on Investments 2,526 2.526 7,402 Net Incornel{expendlture) before transfers 3.369 -43.936 41,215 42,931 Transfers between funds 17&18 5,500 .18.943 13.443 Totalfunds blfwd ljanuary 16.476 78,895 39,911 135,282 92.351 Totsl funds clfwd 31 December 21,328 63.321 9N18 94067 135.282 The notes on pages 8 to 12 form part of these financial statements
Christ Church United Reformed Church, Rayleigh Balance Sheet as at 31 December 2024 Unrestrfcted Funds General Designate(I Restrlcted Fund5 Total 2024 Total 2023 Flxed As$et$ Tangibl8 Assets Gurrent Assets Investments 14 15 16 1.485 11,773 7,534 1,587 22,378 61.194 4,898 578 67.5TI 12.351 16.233 4.196 100,356 78.173 12.675 41.370 4,387 138.605 Detstors Short Term Deposfts Bank current accounts and Cash Totsl Current Assets 2,127 63,321 14,657 Current Llabllltles Accrue(J Expenses Income recelved In advance Creoitors Payable wlthin one year 1.050 5,239 6.289 1,323 1,050 5,239 6,289 1,323 Net Current Ass•ts 21,328 63.321 9.418 94.067 135.282 Total Net Assets 21.328 63.321 gA18 135,282 The Funds of the Charlty Unrestrlcted Fun¢Js Designated Funds Restrfcted Funds 21.328 21.328 63,321 9,418 94067 16.476 78,895 39,911 135,282 17 18 63.321 9,418 9,418 Total Funds 2&328 63,321 Approved by the Elders and signed on thelr benaif by." Date .
CHRIST CHURCH, RAYLEIGH UNITED REFORMED CHURCH NOTES TO THE STATEMENT OF FINANCIALACTIVITES FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POUCIES a) Basls of Accountlng The flnancialstatements have been prepared In accor(lance with the Statement of Recommended Practice.. Aceountingand Reporting by Charities {SORP 20051 issued bythe Charity Cornrnission, and the United Refornied Church guidance. The accrual basis of accounting has been adopted. and the principal accounting policies set out below are apptled conslstenetly. b) Fund Accounllng Unrestricted funds are avallable for use atthe discretion of the church in furtherance of its charitsble objectlves. Designated funds are funds estsbllshed bythe church for particular purposes, The designation Is a ststement of intent and does not preventthe church from uslng these fundsforother purposes ifcircumstances change. Restrlcted funds are subjected to restrictlons on thelr expendlture Imposed bythe donor, or contalned In the terms Of the grant. c) Tanglbl8 Flxed Agsets Freehold property: The Trustee of the church bullding Is the Unlted Refonned (Eastem Prom'nce) Trust who hold thern upon trust for purposes connected with Rayleigh United Reformed Church. Expenditure incurred on the church buildlng and equlpment Is written off In theyearitis Incurred. d) Incomlng Rosources Allvoluntary givlng Is Included In the flnanclal statements forthe period In which It Is recelved. Donations under Gift Aid plus the assoclated tax recovery are recognlsed as Income when the donatlon Is recelved. Legacles are accountedforwhen thelrrecelptls certain and can be properlyquantifled. All other Income Is generally recognised when It is receivable. e) Resources Expended The URC Ministyand Misslon Fund contribution is pald reguLarlyand is included In the financlal statements for the year to which it relates. Resources expended are recognised in the period to whlch thay are incurred and include attributable VAT which cannot be recovered. They are allocated to the particular activity to which they relate. As most ofthe managementand activityofthe church Is carrled oirt byvolunteers, thls intsngible cost Is not Included in the financial statements as this voluntary contribution to the life of the church is incaicuiable. f) Taxation As part ofthe United Reformed Church, the church is an excepted charity within the meanlng of the Taxes Acts. Accordingly it is potentially exemptfrom taxatlon in respect of income and capital gains received to the extent that such income or gains are applied to exclusivelycharitsble purposes. No provislon fortaxatlon has been rnade In these financial statements. Inv•strnents Investments are initially recorded at cost but subsequently revalued at'bld value.. Any increase or decrease in value is shown In the Ststement of Flnancial Actlvities.
CHRIST CHURCH, RAYLEIGH UNITED REFORMED CHURCH NOTES TO THE STATEMENT OF FINANCIALACTIVITES- contlnued FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestrlcted Restrlcted Funds Total 2024 Total 2023 General Designated Volurrtary Income Standing orders Envelopes Loose cash Glft Aid Donatlons Legacies Outslde causes 34.387 5.047 1.191 7,214 6.080 34,387 5.047 1,191 32,096 6.210 2,718 9,743 34,974 10.000 3,657 99,398 578 6.852 5,882 18,814 3,273 10,703 3,273 70.504 53.919 5,882 Actlvltle3 for generatlngfunds Mustard Seeds Messychurch Holidayclub Falrtrade Needles and Natter Drop In Café 1,200 350 150 742 300 454 428 loo 266 300 loo 266 300 1,771 266 2,037 3,196 4 Other Tradlng Actlvltle8 Hall Hlre Fundraislng 4,257 1,465 5,722 4,257 3,568 7,825 3,361 3.195 6,556 2,103 2,103 Investsnent Income Investment Income Investment gain on sale of investments DepositAccount Interest 2,033 2,033 320 1.214 3,567 2,054 320 452 762 680 2,485 320 762 2,734 6 Grants Eastern Synod for Building Project Eastern Synod for Holiday Club Enovet Community Trust Essex Community Trust Congregational and General Energy Grant Organ Fund 119,223 loo 30,000 7,500 25,000 119.223 loo 30,000 7.500 25,000 22.288 2,416 10.000 191,823 10,000 191,823 24,704 Othér Incomè Feed In Tariff Refund from Bridgwater Drive Sundry income 5.060 2,379 289 2,890 2,350 196 2,379 289 7.728 7,728 5,436
io CHRIST C.HURCH, RAYLEIGH UNITED REFORMED CHURCH NOTES TO THE STATEMENTOF FINANCIALAcnviTES- contlnued FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestrfcted General Designated Restricted Funds Tota12024 Toial 2023 Minlstry and Mlsslon URC Ministyand Mission Fund Manse Expenses Mlnlstefs expenses Organ RepairsJTuning Worshlp and Resources 34.152 4,779 2.959 34,152 4,779 2,959 2,186 1,126 45.202 37,932 4,542 3.311 2.186 1,126 43.016 1,315 47.522 2,186 Chlldrnn and Famlly Workér Salary Penslon & Nl Expenses 10.858 139 159 10.858 139 159 10,343 103 141 11.156 11,156 10.587 l O Charitablo Actlvitles Mustsrd Seeds Messychurch Holidayclub Sundayclub Fairtrade Concord Ladles Club Badmlnton Club FaSth Adventures Chrfstmas Books 242 278 47 242 278 147 108 259 235 413 81 86 731 4,525 375 29 53 loo 259 4,232 1,134 1,134 472 472 1,148 5,625 loo 6,873 6,527 11 Church Runnlng Costs Insurance Cleanlng Electricity Gas Water Rates Maintenance Phoiocopler Broadband Website Tealcoffee Kitchenifollet costs StationeryiPostage Offertory Envelopes Mlscelianeous 2,647 3,360 1,986 2,743 88 855 1,847 330 216 81 150 56 81 795 2,647 3,360 2.497 3.675 2,860 6.191 76 2,743 88 855 1.847 330 216 81 150 56 81 795 2,141 326 454 299 323 49 81 15,235 15.235 20,900
li CHRIST CHURCH, RAYLEIGH UNITED REFORMED CHURCH NOTES TO THE STATEMENT OF FINANCIAL ACTMTES- conllnued FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestricted General Designated Restricted Funds Total 2024 Total 2023 Outslde Cause8 Commitmentfor Life LentSilver- Wateraid Lent Silver- TrusselTrust Bar N Bus Chrlstlan Ald Big BrewlFalrtrade Homeless Actlon Resource Project Havens Hosplce Homestart Hopeworx Romanlan Crestln Trust Tools With a Mission Christlngle- Little Havens Communion Fund ACTS 435 Budiriro 106 223 223 223 103 65 340 65 340 250 81 95 72 20 127 20 127 86 143 20 129 320 20 129 320 1.279 2,654 5,263 58 1,604 520 2,902 8,206 1,718 1,718 3,546 13 Bulldlng Project ProfessionaVBulldlng Control Fees Contractors Insurance Donatlon to Enovert Fundraising Costs 28,916 211,572 1,184 3.000 824 243,496 26.916 211,572 1,184 3,000 824 243,496 14,553 200 14753 Price at 31 Value at 31 Dec 2024 Dec 2024 Prlce at l J8n Value at i 2024 p Jan 2024 £ No ofunlts 14 Investments CCL4 Fixed Short Duratlon Fund CCLA Ethlcal Investment Fund CCLAGlobal Equity Fund Total Investments 10,728.33 13,051.92 9,233.06 122.32 13,122.89 301.00 39,286.28 279.04 25,763.93 78.173.10 309.26 40,364.37 294.72 27,211.67 67.576.04 Unrestricted General Deslgnated 7.214 974 1.586 1.999 ii,m Restricted Funds 578 Totsl 2024 Total 2023 DebtorJ HMRC-GiftAid XeroxUK Accrued income Prepayments 7,792 974 1.586 1,999 .351 9,743 578 12,675 16 ShortTemi Deposlts The funds are held in CCLA Deposlt Accounts and the Interest accrued in the accounts. The interest eamed In the year is included in Investment income. The accounts are instant access accounts.
CHRIST CHURCH, RAYLEIGH UNITED REFORMED CHURCH NOTES TO THE STATEMENT OF FINANCIALACTMTES- Contlnued FOR THEVEAR ENDED31 DECEMBER2024 17 Designatèd Funds Church Malntsnance Fund- Funds set aslde for non routlne expenditure on the church building Youth Support - Funds set aside to supportyoung people in attending courses or events Youth/C1dren and Famlly Worker- funds set aside to ensure employment costs can be met BequestFund- Legacles received are paid tothis fund to flnance special projects and for transters to the General Fund as necessary Church oryanlsatlons- Goncordclub, Badmlnton Club. Musl¢ Gmup andFalrtrade The movements on the designate(J funds during the Yearre. Ch MalnL Youth Support YIC&FWork 21.795 1.701 5.672 320 Bequest 47,623 2023 71.390 10.000 Balance blf Incomiftg Resources Resources expended Investment gain l (loss) Fund transfers B81ance clfwd 31 December 76,791 320 842 -11,442 11,515 1.684 .7,000 42,307 2,526 -18,442 61,195 7,401 -12.000 76,791 1,701 5,672 Funds operatlng wlth separate bank accounts. Concord Club 573 5,452 -4,232 -500 1,293 Badmlnton 978 430 -1,134 Muslc Group 287 Falrtrade 266 266 .259 2023 1,696 6,539 -5,631 -500 2,104 Baknce blf Incoming Resources Resources expende(i Fund Transfers BaLance Clfwd 31 December 2,104 6,148 -5,625 -500 2,127 274 287 273 18 Restrlctsd Funds bulldlni Communlon 38,532 587 191,736 372 -243,496 -320 13,443 215 Organ Ch FUmhlg 625 BaLance blf Incomlng Resources Resources expended Fund transters Balance clfwd 31 December 10,167 -2,186 1.279 For totals -1,279 see below 639 7.981 625 R•Strlcted Funds (continued) Outslde Hollday Club Total Restrletod Funds Budlrlro Causes Balance blf Incoming Resources Resources expended Fund transfers Balance clfvid 31 December 19 991 -I,oio 39.911 205,391 -249,327 13,443 9,418 2,271 56,883 -19.243 746 -936 loo -100 39,911 19 MonetaryAssets The churctt monies are not held In segregated accounts, butforthe sake of this flnancial statement the total of each account Is allocated approprlately overthe various funds. The Church Organisations have thelr own separate bank accounts. All Investments and depositfunds are held in the Church's name but allocate(I accordingiyto the various funds. 20 Assets used for Church Purposes The church building is vested in Eastern Synod Trust as trustees and Is not a church asset The premlses are held for the benefit of Christ Church Unlted Reformed Church, Rayleigh in accordance with the statutorytrusts applicable to URC properties underthe URCActs. Forinsurance purposesthe church buildlngs are Insured by the church for £4.601,480