St Mary's,Watford Church Street, Watford, WDI 8 OEG Registered Charity Number.. l 132880 ANNUAL REPORT AND FINANCIAL STATEMENTS OF THE PAROCHIAL CHURCH COUNCIL for the year ended 31 st December 2024 Vicar to 14th July 2024: The Revd Tony Rindl, The Vicarage 14 Cassiobury Drive, Watford, WDI 7 3AB Vacancy from 15thJuly 2024 DIOCESE OF ST ALBANS Bankers.. Barclays Bank plc, PO Box 104, St Albans, ALI 3AN Lloyds Bank plc, Intu Shopping Centre, Watford, WDI 7 2UB 'IIIE CIIURCII Ok LNGLAND
PAROCHIAL CHURCH COUNCIL OF ST MARY'S. WATFORD ANNUAL REPORT 2024 Introduction Tlie Parocliial Cliurcli Coui)Lil {PCC) is a corporare body establibhed by tlie Cliiircli of England. Tlie PCC operates under tlie PiTrfoLliial Cliurcli Councilb (Powerts) Metqsure 1956 qt s amcnded R Thd 15 registered with tlie C.IIAriry Coininission for England and Wales. Tl)e priinary objecrive of tlie PC(: is tlie proinotion of tlie Gospel of oiir lDrd Jesus Christ, aLcording ro the doctrines and i)ractice5 of tlie churc.h of England. Tlie PCC'S (Powers) Measiire 1956 States tliat rlie PCC. 'is to LOperat¢ witli tlie iiiintster in i)roiiioting in tIIL' l)Arisli tlie wliole tiiissioii of tlie Lliurclii l)11 Storil, evangelistic, sociAI aiid ecuiiienical" Tlie PC"C' is resi)on5ible for tlie ui)kcei) of tlic Lliurcli l)iiildiiig ani4 tlie adjoiiiing Churcli Centre and a150 for 2¢ ssets incliicling a Iic)iise (Briglitwell Roi¢ d, sold in MArLlI 2024) ¢)n(l of(iLC (Tlie (:loister.s). St Mary's Cl)urLII is located in tlie towii Liiitrc of Wiirfor(I, witli only l)proxiiiiately 8,0001)eople lii'ing within itb l)Tri risli, but witli iiiany Loiiiiiiercial Aiid slioi)i)iiig i)remiscs tliiqt briiig in a dAily iiiflux of workers (2nd blioi)pers to tlie area. Pur ose of the Church Ats a LliiirLlI we believe tliit (Jod rlie F¢ltlier crcatcd tlie world. BeLaUbe Iiuiiians liavc disobeyed Cjoil's law, Jcblls, Cjocl's owii Son, caine t() eArtli, WAS l)orii ()f I'irgin, lived witlioiit sin, wiis LfLILifie(I, diecl Hnil rose g2in froiii rlie dca(l. Tliroiigli His saLrifiLe, oiir wrongcloingb re forgiven. He will retiirii iii glory to tlic C¢) rtli. We l)clicvc in tlie l-Ic)ly Si)irit, sent to liclE) us to live to Ciod's glory. We ¢lLLCI)t tlic Bil)le LJi)(I's W()r(l an(1 rejoiLe iii our £il)ility to trAlk witli QJi)cl li) i)rllyer. We iiiii t() sliAre <)Iir l)eliL.f.s1)y w()rsliii)i)ing togctliet, by Larryiiig tlieiii into our work, our leibure .Incl our fKiinily life aiid by sliliringi oiir Itll witli c)rl)c'rs. Our Vision Stat 'We bcliLiye tliat CJi)(l it> lI11]g St Marfs to be a growing Town VJentre EvangLliLal AiigliLaii (:liiirLII.' Public Benefit Tlie PCC IIAb i)aiil due rcg<ird t() tlic Cliarity cmilli8s1On s guiclance on Iiul)lic l)eiic(ir ii) all ¢i)l)cLtii {)( rlie aLtivitie& unllerrakeii by tIIc LliurLII.
PAROCHIAL CHURCH COUNCIL OF ST MARY'S, WATFORD
ANNUAL REPORT 2024
Churchwardens, Re
ort
Tlie year 2024 lias been inarked by a period of consolidation and fonvArd.looking planning for St. Mary's.
A signifiLant transition ocLurrcd in Jiine wirh tlie departure of our esteemed Vicar, the Reverend Tony
Rindl, who accepted a iiew AE)pointi]ient in Birmingliain. We extend our warinest wislies to him in l)is iiew
calling. Tliis inove neLessiL2ted a sliift in tlie le2 dersliip of St. Mary's, creating a weancy that the
congregation Iiab nAI'igate(I witli reinarkal)le resilienLe and a(laptAbility. In tlie interini, Ineinbers of oiir
coinniunity Iiaiye deinonstrated exceptional de(lication, stei)ping forward to m¢2intain tlie continuity of our
serviLe5 Ancl aLtivitie%.
Recognizing tl)e need for .striiLtiirea siii)i)ort duriiig tliis i)eriod of transition, four iiieinbers ol our
Longregation werc approved qc s L2y l_eaders of Worsliip by Bishoi) Alan after coini)leting tlie l)ioLesan
training L".()urse, Tl)iS Wab largely a foriiial recognition of rhe rolc tliey liad iilidertqi ken for decA
PAROCHIAL CHURCH COUNCIL OF ST MARY'S, WATFORD
ANNUAL REPORT 2024
Beyoiid our regulAr seThices, St. Mary's continues to i)11< y actii'e role in the wider coininunity of
Watford. Our lunchtiiiie concerr series, a beloved ttadition, was PAused ILI DeLeinber due to staffiiig
LOllStraints. The sigiiificanr time commitinent required froin Pain Rastall and Liz Allan, wlio were already
lieavily involved in tlieir core duties J proved unsiistainable. We reinain lioi)eful that additional volunteers
will coine fonv%rd to Iielp revir1I lize this iinporrant ministry. However, tlie LliurLli facilities reiiiAin vibrant
tliroiigliout tlie week, liosting a iiariety of Loniinunity 4lCtivities SULli as tlie Wednesday bellowshipi
Tuebday
To(l(Ilers, Ana the Prescliool, deinoiistri2ting our coininitini'nt to .%ervingJ clji'L'Th4C llLccI.s.
As. tlie inaiii town Lentre nd civic LliurLlI lor rford, St. Mary's Lolltinueb to be the venue for
signifLLant religious seThFiies Ancl ei'Liitb. Eior tlie tl)ird Lonsccuriiie year, we Iiosted tlie beginniiig of tlie
Reiiieiiibr
PAROCHIAL CHURCH COUNCIL OF ST MARY'S, WATFORD
ANNUAL REPORT 2024
ChuTchwaTdens (Ex Oflicio)
Eileeii RoL)y
Peter Dean
Marcus Joneb
VÉce-Chair to 2024 APCM, Cliair from June 2024
ro 2024 APCM
froiii 2024 APCM, Vicfrcliair fron) June 2024
Deanery Synod (2023.2026) (Ex Oflicio)
CAtliy Floneymai)
PL'ter Dean
Tilly Elliott
to 2024 APLM
to 2026 APLM
to 2026 APCM
Elected Members
Margaret Greenstreet
l.e¥lcy (iray
Ciill Watson
l)Anicllii (:liiiton
Iloger (:ourtney
M?( rtin WliittlLk
(.qtliy HoneyiiiRn
Anrlioiiy Wilson
to 2024 APCM
to 2025 APCM
to 2025 AI)LM
t() 2026 APLM
to 202() AP(:M
to 2026 APCM
to 2027 APCM
c() 2027 AP(:M
COtea Membei.%
Antliony Wilèyon
Margaret Qireenstrcer
to 2024 APC:M
froin June 2024
R()ger (,oiirmcy was l)i)ointed 8 PCC ScLTCt41ry With P¢i in Ri2snll p)roviding siii)port, Aiitliony Wilson nd
IIiLlifqrcl WAt.son I".()ntiniiL'(l Ji)int TreAiiU rers. Tlie P(.(" IIL.l(I I I tncctitig.% (lurinLT tIIc yC¢ir, irs norinAI
iiicetingb being sui)i)leii)eiire(I l)y bpei".ial ineeting to ai)i)rovc tlie 2003 ALC oiintS allLI a 'ScLrion I I,
iiieeriiig to ai)i)ri)ve tlie PArisli Profilc ¢ind l)i)oiiir Parisli Ilci)rcse1itt1veb. Tlie iiiiiiutes of inectingb rire
i)os¢ecl ro S¢ M¢lry'ts website, onLe ql Pl)rc)ve<l. Siib
PAROCHIAL CHURCH COUNCIL OF ST MARY'S, WATFORD ANNUAL REPORT 2024 PCC Committee5 A significanr i)roportion of the PLC'S work is delegatcd to tlie sulTrL"oiniillttccs li>>te(I below. Tl)ey ineet regularly and report baLk to tlie PCC at its inontlily ineetings. Standing Conimitlee Met to clibLUbb tlic lianclliiig of PCC IlEcndab' aiid to dcal witli urgent PCC I)Ubiness between iiieetings of tlie PLC. There were tseveii ineeting.% 14uring tlie year wliicli IoLussecl inainly oli fiiianLe, staff iiiatterb an(1 poliLies. Finance Committee Moiiitorcd St Mary'5 illL()m¢ anil expencliturci proposed fiiiancitil policies lind i)rebented clraft aLcountS q¢ nd budgetb for P(-'C exii11iination And ai)i)rov%l. ReLoinincnclc(l investinent i)olicies for reLeii)ts froiii tlie sale of tlie Briglitwell Ild liouse and significant legaLies. Building5 Culninitlee Q)iieri¢lW 11(1 iiiill)i)ged tlie iiisi)ectioii, Int2intcnanLe, Lh1¥ nge8, iini)rovcinentS 1¢ nd repaiTS of tlie fi1bric and pIAnt iii Ilie LliurLlI, tlie Lliuroli Len¢re 4in(I tlie Cloisters OffiLC. Pr¢School Committee Ml¢ iingeil tlie Pre6Lliool, lian(Iling fiiiancc n(l stciff matters iincler cleleg4qtecl i)owerb. Climate Eme¥genLry Comniittee l)iycrsaw tlie work of rlie (:li111ite Actioii CJroui) Lreic teL4 in 2022, iiotiilily arriiiigcinentb for tlie LonfL'reiiLe licl(l in Sci)tL'iiil)cr 2024 aiiil ¢liL intcraLriotis witli tlie Borougli (JOIIIILII OVLf Lliaiigcb to tlie LliurLliyarcl tlitqt w()iilcl inii)rave botli attraLtivene5s an({ bio(livcrblty, Roger Coiirtiiey I)CC'SeLrettf7ry h r hman men Governaiice and l£aders1iipi Sr. Mrlry'li (:liiiri'.li 01)erates iiiidei tlie aiitlic)Ilty of tlie Synodb of tlie Cliiircli of bngliiiid ¢ll)(l 1.4 ,Iccoiintablc to it5 ¢71)l)Ull)tccl Biblioi)s and tlieir olficeThs. TIIL previoiib ViLar, Rei'crciid Tony Rincll, c4ep¢irred iii Jiine to nke a i)ositi()i) in Biriiiingliil111. The LliurLIi ib Liirrently in a F)eriocl of ViiLancy, lii tlie 4ibbCI)Le of a ViL<ir, lay iiieiiil)erb ol tlie COLigregatioii are actiiyely ini'oliied iii Icading bcnyices ,Inil bllE)l)()rting tlic Siin(IAy Sc.Ii()c)l i)rograiiiiiie. Liglit indiN'iduals froIn tlie congreg1c tioll LC)Ini)lered rlie DioLebe.led 'lay l£¢l(ler% nf Worsliip trAiiiiLIg. Tlie cliiircli has reLeiiiecl s111)i)ort fr<)In iy8rioiis Llergy acrobs tlie clioLese diiring tlie ITancY. Worship aiid Musici Anthony Wilson serves as rhe i)Art.tiine Director of MusiL, rcsponbiblc for Lhoir triTrintng for.si)eLifiL 5cfviLes aiid Iccqding inusic for Coiniiiunic)n Services. A sinAII worsliii) groiiii leadb a iiioi)tlily bcfviLe in a contciiii)orary style. Volui)teerb li5515t witli tlie prepAration for Coiiimunion SeThTices, aiid tlie bcll ringers LOI)tribute to tIIL LliurLIi b &LnYiLCb.
PAROCHIAL CHURCH COUNCIL OF ST MARY'S, WATFORD ANNUAL REPORT 2024 Churcli Leadership and Adininistrationi Peter Deali stepped dowii as ChiirLhwardeii biit coiitillLies to support the LliiirLli iii varioiis capacities. Eilceii Roby was re.elected as Chiirchwardeii in May, aiid Marciis Jones was iiewly elected as Chiircliwardeii. Lesley Cjray serves as tlie Parish SclfegLiardiiig Officer, witli SLipport from Jeiiiiy WliittiLk. Pcllm Ra,8tall ib the LliiirLII's bole Adii]iiiistrator. Liz Allcl11 Colltitiiies to serve as the baLilities Maiiager, overseeiiig tlie effeLtive Lise of cliiirch fRLilities. Financial and Property Manageinent: Two LliiirLliwarcleiis aiicl tw(} meinbers of tlie St. Mary's coiiEregcTrtioii serve Ic s Triistees of the Loiiglaiid TrLlSt, wliiLlI Eirovides fiiiclllCi(11 s111)1)()rt for c)rclaitiecl Iniiiistry ¥lt St, Mciry',%. Tlie CIILirLlI L,ii)Lls Triist iiiakes discretiollciry graiits tcl I18Si.%t tlie rei)Air aiid eiiliclllLL'ineiit of LliiirLII biiilcliiigs witliiii tlie aiiLieiit Parisli of Wcltford. Its Board of Trii%tees coii8lSts of tlie CliiirLliwardeiis ciiicl tliL' eleLtL'd W¢irileiis of tlie Haiiilets, wlio are inenibers of St. Mary's. Eileen Roby Chiir¢/i¥vArden Electoral Roll Church Attendance and Life Events Tlic ElcLtorril R()11 staiids t 7 61 (142 at tlie APCM iii 2024). TIIL, WC)fbliippiiig Loiiiiniiiiity (Qt tliL' L'iicl of 2024 Wcls e8tiinated to bc 122 (156 iii 2023). Tliere were 3 baptisins iii 2024 ( l iii 2023). 5 fiiiieral8 were tc)keii iti 2024 by Llcrgy froin or oli bclicilf of St Mciry's eitlier iii LliiirLli or at tliL, WL'bt Herts Creinatoriiiin (4 iii 2023). Tliere were iio coi)firinflti()t) L<iiidiLlÉlte.% iii St M¢iry's iii 2024 (14 iii 2023). Tliere were iio marriciges iii St Mlc ry's iii 2024 (Ils iii 2023). Finance Tlie Geiicriil Fiiiid lificl ri sigtiifiL'llIt siiri)liis for tlie yLar, We werc blesscd witli cl biil)st¢llltial IcgclLy froiii the Estrlte of Olive Kiiibb8 witlic)iit tliis, therL woiilcl liavL. beeli ¢1 41nall defLLit. Rct)tiil iiiLC)Ine cliiriiig tlie yeiir iiiLreoc ged} ciltlioiigli tliis Wc)s offsLt l)y '} rL'cliiLti()ii iii i)I.IllllCL4 giviiig. Diiriiig tlic ycgf r, tlic PC.L s Bi'iglitwell Ilocid property Wcls sold, aiicl tliL' [)rciLeLII.% (t()getliL'r witli tlie ILg'iLy Iiieiitioiied al)OVL,)11i¢ ve beeii iiivebtecl iii order rc) geiiertlte clll IIILOIIIL. wliiLlI, it is lic)i)c'cl, will IIL.Ii) t() eLI'il)IL tIIL LliiirLli to IirodiiLe brilrlllLecl biiclgL'ts goiiig fc)Iw'ird. My tliaiiks go to RiLlicircl Wcltsc)ii, wlio ib tlic LliiirLli bookkeei)cr Qr lid LO. trcii%iifLr Iwirli Iiiei <qticl who i)rovideb 1 LOllSlSteiitly iip.to-date aiid Llear stateinLiit of tlie Lliiircli fiiicillCCS to tlie 14iilcTriice Coiniiiittee cliicl tliL' PCC. Tlie speed at wliiLlI lie geiieiates tlie inoiirlily rei)cirt% IS J qll Ite lioiiestly, sometliiiig to be rlstoiiislied atl I ,iin also iiidebted to tlie biiiiiice Loiiiinittcc for tlie work tliat tliey do iii eiisiiriiig thic t we inaxiinise tlie fiitids clvciilrible throiigli Cjift Aid, VAT reclaiin ctc. I slioiilcl iiote tlirlt, desi)ite the Kiiil)bs leg,ILy, wliicli lic1S beeii grcatly apprcciatcd, wc still Iieecl to look at iiicrea8iiig revciiiie Ils tniicli (18 we Cqr 11 (rliroiigli lettiiig%, doiiatioiis etL,) to i)rovide iiiaxiinlim siipport for tlie cliiircli s ii]issioii, Aiit11012y Wi/soJ2 Co.Titasiii"er and C/IAir, Fiiiaiice Coini22ittee
PAROCHIAL CHURCH COUNCIL OF ST MARY'S, WATFORD ANNUAL REPORT 2024 Buildin The Biiildiiigs Committee is responsible to the PCC for keeping the fcibric of the Chiirch and ChiirLh Cciitre iii good order. 117 2024 cliiiiual plaiiiied roiitine inaiiitenance of oiir iiistcollrltions, incliidiiig serviciiig aiid iiispectioiis, lias beeli carried Ollt to meet legal reqiiirements aiid good practice. Uiiplaiiiied maiiiteiiaiiLe Laiised by fic lilts ciiid fic iliire,q licls beeii Larried oiit as these arose or were ideiitified during the roiitiiie iiiaiiiteiiaiice. This iiicliided Lipgradiiig tlie emergeiicy lighting, biittress reiider repair, aiid fire extiiigii islier replaccinent. Plaiiiied projeLts iii the year iiicliided repic intii)g the iipi)er rooms, ali exteriial digitcTrl sigii board (to be coinpleted early 2025), repRllltiiig of tlie tower clock fiqcesb cilia iii iti(Il (Illti-i)igeoii roostiiig meTrc siires over the west door (fiirtlier measiires to be iiistalled early 2025). Tlie Biiildiiigs Comiiiittee lias (1180 assisted the Pre.scliool cxteriial feiice aiid tlie WBC extertial laiidsLaE)iiig works obt1( iii diocesaii Tlie Coininittee is gratefiil for tlie work c)f LliiirLh mciiibers alic4 workiiig parties wlio liave Sslsted diiriiig tlie year wliiLli has lielped keep costs witliiii api)ioveil biidgetty. PAI/ Hiiilter C/IK?ir, Biiildiiigs Coinijlittee Missions St Mary's has ic iiiiinber of in issioiis wliiLli it ,811pportb: WaifoTcI Schools Trust take.% tlie Cliri%tlclii fclitli iiit() ,%Llic)01s, lieli)iiig witli a8seinblies aiid RE lessoiis. Last ye¢ir Q:liiirLlI incinbLI'¥+ kiiittLI4 woolleii liecirfs to LIL d istril)Iited iii IoLal Priinary Soliools. Neiv Hope %iii)iiorts tlie lioiiieles9 iii Wiltford. St Mary's licls Iiroviclecl SevLre WeAtlILr EinergeiiLy Provi%ioi) (SWEP) iii tlie liq< St so tliclt people h(Ive sliclter iii tlie worbt wiiiter wei< tlier. Watfor(l Town Centve CIwi)kiincy (Wrycc) Iniiiistcrs to biisitiesses aiid orgcllliS¢2tioiis bcised iii tlie towll Leiitre. Mano Enimaniiel is a foTinei- Ineinber of St Miiry's wlic) works ¢lt Coloinbo TlieologiLI1l Seiniiicqry iii Sri L¢iiika. S&K (ire ¢7 coiiple b¢ised iii the Middle East %licirii)g tliL' Goocl NL'wb ai)cl blll)i)ortiiig c4eveloiiineiit projccts. Tearfiin(l is cl C.liristiclll Rclicf AgeiiLy oEiercltiiig iiiteriirltiOLlrilly. Meninaclanca is <1 Lliarity rL'sLiiiiig 'iiicl siii)portiiig girlèi WIIO ¥irL beiiig exE)loited iii Brclzil. Andreiv Lecike works witli Coiiii)clSSiOii liiteriiatioiial iii Argeiitlll¥l. Cliuycli Pa5toYal Aid Society (CPAS) siipports St M,Iry's cis P<ltrotl l)¢lrtlLiII(ii'ly cliiriiig a vaL2c IILY by Qc SSiStii)g witli tIiL' aE)POllltmciit proLess. They also providc tric iiiiiig iltid coiirscs Ils well ¢iS riiiiiiÉiig holid9< ys for I l- 18 yciir-olds. Trciditlolllr Ily St Mary',% licls lield A Cjift Day oiice a year to eiiLoiirage tlie Loiigrcgqc tioii tc) siipi)()rt i inissioii orgaii iscltioii fiiiic IILiallyJ il) i)I'iycr or l)y joiiiiiig iii witli tlie orgiqlliscltioii s actLVities. Tlie Ciift Diy was siisi)eiided diiriiig tlie Piiiideinic aiid for Vcirioiis reic soils lias iiot resiimed. CRro/iiie Joiies Music MIi.SlL contiiiiies to be i .8treiigtli <qt St Mary's. Tlic chc)ir Lolltiiiiics tc) i)r()vide inii8ic foi. all coiniiiiiii ioii services oil tlie %econd, fc)Lirtli (.iiid OLLIC sioiiallytr wlicrL relcvclllt, fiftli) Siiiiolciyb of tlie inoiitli, as well as t all tlic nicijor fcstlvcils riiid Lveiitb tli¢lt Loine over tlic LIILirLlI ycar, Agaiii, both rlie Erlstei. services aiid tlie Itestlvcil of Lessoiis aiid Ccirols wcrc very well ieceived by tlie Loiigreg'itioii, biit tlie Llioir are a illiiLli valiied part of the worbliLP t St M<iry's oil fert'il d.lyb is iniicli as festlV<il d.iys. Their woik beliiiid tlie SLeiicb Lll leariiiiig liarinoiiies c2iid practisiiig at lioine 'illowb a wide raiige of aiitlieins to be perforiiicd at (2 very liigli staiidTrc rd.
PAROCHIAL CHURCH COUNCIL OF ST MARY'S, WATFORD
ANNUAL REPORT 2024
On tlie third Sunday of eacli Inontli, tlie inusic group lias been lea(liiig tlie iiiusical part of tl)e
worsliip. Tliey bring different style of music to tlie congregarion, deliglitii)g in tlieir clobfrknit harinonies
and iniproiiitsatory style, which lias been iiiucli api)reciated. They liai'e kept to a sinall number of pieces tliis
year, to allow the congregation to learn fhein and begin to join in but will undoubtedly expand tlieir
repeitoire Ils tiine goes on.
LunLlitiine Loiiceits also took i)Eace during tlie year, altliougli tliebe liave stoi)ped for tlie iiioiiient.
Tlie.se fe1¢ tureil soine very talente(I perforinl¢ llLes, often (roiii UkrAini4Tr1i refugees wlio Iiave relocared to
Watfor(l. Tliese liaiTe l)een inucli apprcci?I tecl, altlioiigli grei¢ tcr attendaiiLe at tliein would
PAROCHIAL CHURCH COUNCIL OF ST MARY'S, WATFORD ANNUAL REPORT 2024 Weekda Activities Fiv'e Connect Group5 met weekly, fortnightly, or inontlilyj inrerest.b%sed or area-based, in lioines or 17ia Zoom. All iiicInbers and cliiircli Ineinbers are iniTited to CAKF (Coine And Know Everytliing) on tlic firsr Wednetsday eveiiiiig of eaLli montli for prayer. Wednesday Fellowship met fortniglitly under Val Borclley, wlio organizes trips and talks tliroitgliout tlie year, bringing in inany oiitsiderb. St Mary s Runner5 and Walker5 Ineer weckly. Tliere is Iiionrlily at Meet@TlwMoon, wl)iLII 15 01)en to all. Bell Ringeys iiiect weekly for i)ractÉLe under Luke. Eileen Roby Local Outreach and Co-o eration with Other Local Churches St. Mtlry'b seeks to work in witli a iiumber of lo¢al charities alid community groiips, niost notice¢?bly IiiII WAtfc)r(l an(1 Tlirce RiiyLr4 RL(Iikycc Parrnerbl)ii) (wfRKP), l)()tli nf wIIiLlI relit i+VlIlLe wirliin rlie LliiirLlI l)iiil(ling'i illLlucling, for ¢2 regul¢ir weekly (Iroi)*in f()r wfRKP. TIIL. Rev(1 Tony Riii(11 li:i(I liiik% witli l()L¢il Lli41ritiCS, iiiid nicQiiy of oiir Loiigregntioii (Io cilso, inc.lii(liiig NLW Hoi)e, Oiic YMCA, tford SLliools Triist, CitiZL'ns A(IviLe, Tlie Sunflower Social Llub, Tlie 51iiiiariti?ns, Wiltford Crcclit Union ancl tlic local E4airtr2c (le Cjroup. The111tter is iiiiportant beLause oiir Lliinarc Cliange group beek5 to link ui) witli I'Airtrade ancl c)rl)cr Lliiirclics and Loiiiinuniry grc)Iii)6 rliar sliarc a coiiiiiion conccrn for tlie envfftronnient. St MAry'S I)¢iS begun a fruirful new parrncrsliip wtth Proud Watford following a recoiiiiiiendation froiii tlie Revcl Tony Rin(11 to liol(l it¥i Proud l)oTtrdlt Art exl)ibiti()n in tlic LhiirLh. St Mary's C"IiiirLII Lolltiniicb to bL IllClI)bcr of chribtia118 Across Watford. Bretikfii6t incetings circ organise(I reLyularly (or LliiirLlI an(1 Lliarity Ic¢l(Icrs Ancl tt L)14 y ()( Wi)r,sliii) Iicld iii HLeLlicn (iroiyc 13ai)¢ist LliiirLlI iii M¢qy iltten(le(I by 180 PLOI)le. St. M¢ify'b Albu taki'b an iLtive i)Irt in Churclies TogNether iii Watford ((:TW) wliiLli iiict five tiiiies tlirouglioiit tlie yLar, iiiLludiiig an A(JM wlicn tlie Ilci'cl l¥lll Paiiklilirst stc)c)cl (Ic)wn ("l)¢iir dnil tlie Rei,d QJc()ff Colvcrt tytc)o(l (lown as Vice.Clii) ir. tliere is Iin interiiii Chiiir until a i)eriiiiTriieiit Cli¢lif btcpts fc)nv¢ircl. Tliey altso arrAngecl SOL14?I gatliL'rings at tlic S()utlierii Cross tlirougliout tlie year Aiicl an Aniiucql iiieil at tlie Bluc Cl)CLk iii Bii.sliey in OLtober. JaLkic 1( lid 13ri<in Mee lire our tQllE)ointed ('TW rei)resent¢2tives. St Mary's LOI)tillllL'(I to be HLtive in tlie Watford Interfaith knocA&tioii (WIE,'A) witli L)r l.esley (Jray Iiostiiig tlie Annual Interfaitli Pilgriiiiage'&4 Vlblt to tlie Lliurcli. Pctcr l)eai), c)IlL' of St Ml¢ ry's I)cancry Syno<l rc'i)rcbL'lltatives, writcs.. Deaiiery Syiiod iner nviLe diiring rlie year. Meetingb gelierally Lover liicltterb of gcner?c l intercbt lind flre oi?ei) t() #ll. Tlie Incetingi in el)riiAry IIAII IircbL'ntAtioiis oil Liwing an(1 Love (Ind F(iitli iiil tlic work of WIAtford SiliooLs TYu5t. lii OLt()bcr tlicrc W¢lS ¢7 prescntlltion on tlic fun(liiig bill for tlie Growing Younger llnd M{e DiversL initlll tive. Marcus Joiies Clim e Emer enc It liab l)cen anc)tlier busy year for St Mary's cliinAte group. We SULLe5bfully clelivered Warford's first cver cliiniqte Lonference ei)joyecl by a liiinclre(I partlLiPAntb detcrinined to fix tlie i)lit net tliroiigli kiraLtical ction. We Iiave Also been biisy witli oiii own acgric ded green i)atcli by foriiiing tlic Greeii E4earc of Wiirf()rcl initiatii'e witli Watford Borougli Couijcil, tlie Biitterfly Conservation Trust, Herts ¢ind Middlesex Wilcllife Trusr, Eiricn(Is ()f tlie Eartli and St Jolin s Prixnl¢ ry Siliool. Sc) fcll, tliis i)Irniersliii)11¢1S resulted iii two nAttire burveyb of the graveyard witli St John s Scliool bc(p Ainbasb?I dors, wildflowcr i)Ii?ntings an(1 a ninOW agreenient in said cliurLliyard witli tlie Louncil. Let'b sce iow nature rebl)oiids.
PAROCHIAL CHURCH COUNCIL OF ST MARY'S, WATFORD ANNUAL REPORT 2024 We also joiiitly liosted A public iiiforinatioii event in Noiyeinber witli rlie council, to sliape tlieir planb for the faTnily-friendly redei'elopinent of tlie Sensory Garden as well as consulting on our own plans. So, tlie Green Heart partnersliip Creating two wildflower iiieadows next to tlie multi-5torey carpark, with seed bombing And a wilclflower growing conii)etition with local schools. Site preparation is undenvay> nd a prizeiving is planned for Great Big Cjreen Week in June. An(1 wliclt al)oui going for rlie Ec.oLI)urcli (Jold? Well, we aeLided to fociib last year on tlie conference 11 nd C"Jreen Heart initiative. Jiist well as A Roclia were busy revising tlie award scliemc wliicli IAS just bccii rclaunLlicd so we will be examiiiii)g tlie new survey to bL'e wliat we need to do. WatLli diib bPALe And wliy i)ot ger iThiFolveclP As PiTrrt of Ecochiirch Gold we will Iiave xn energy auilit of the Lhurch, centre and offices in order to devcloi) an inN'esrincnt plan to reclucc our ciiiissions and our energy bill (Liirrently >£40k pa). Tlic dtocese liad offered to pay for this but teetliing probleiiib wirh the sclieme Iiavc delayed tliis work. lii tlie incaiitiiiie, we Loiitiiiue to build St Mary's grcen profile iii Warford by convening and atrcnding ineeriiigs (liusrings, grecn network, sustaiiiability foruin5, LC)nferenLe)I Pllbliing for inore Action, deiyeloi)ing i)artnersliii)b and deiiionstrating our loi'c for God aiid each otlier by caring for His creation. Aildy Roby Safe uardin Tlie PCC Lqc n rei)ort tli¢qt it li'is Loiiipliecl witli its Lluty to liave diie regarLI ro rlie House of Bitsliops giiid¢inLC on fL'gurirdinE LliilclrL'n and viiliierAble 2t cliilt.%. lislcy (Jfcly L()titinuc8 in lier roll 2t Piirisli Safegiiilrding Officer (PSO) lind Jenny Wliittick 15 SAfeEiiAr(ling Adinini8tr¢ltor, nii< ll¢iging DBS LIIcLks, tr2¢ ining> And rcfcrcncesi ¢lS a voluiirccr. All in leadL'rsliii) i)c)sitions liaving coiiii)leted ¢qll tlic relcvAnt P¢ll)crwork, tlie Ll)ange8 to training ini¢ (Ic by tlie (:IiiirLli of Lnglaiid ¢irc iiow beiiig followed ui) to eiisure everyone is ui) to date. All tlie iiolicics relevtTrnt to sifegii¢ircliiig l)ave been ui)diltcd ¢ind ¥i¢ifeguar(ling reiii¢iins a standing itcin on all P(:G agendas. Tlie PCC Iiave diSLussed safegiiirc4ing Liilture in our Lliurcl) and haiye IiiA<le ¥oinc lieli)fLII siig£estions. S()iiie tsAfLguArclii)g rLfLrrAlb wcrl Iii?t (le tliis year, to tlie dioccse, witli otlier conc.erns being kept intern¢illy on reLorcl. Tlie P41 risli l)abl)l)c)11 rcl ib bL'iiig iiiicl4lte(l. Hcleii Hiiiiter ts Lurrciitly iiiiLlcrt¢ikiiig pcriod of tr¢iinAng? in otder tliAt slie will beLoine PSO once a new iyicar ts iii i)laLe. Lesley Grny l)ari&li Saleguardiiw U/ficer Pre-school 2024 was ¢1 suLcesbful year for tlie PresLliool, led by Adriaiia Aitkaci Koinarova (MaiiAgcr) aiid Anit Wenliain (Dei)uty Maiiager) witli a full coliort of cliildreii. A second appreiitice, Bianc2¢ brancisca Rusu 5tTri rted in nuaty wliicli Iieli)ed wlien Alilaiii Algyl)uri rook maternity Icave between Ai)ril and C)Ltober. BlaTh Unguriil nu Loini)leted lier ai)i)renticesliip in July and now lias a periiianent Lontract. l.ucy Potter left for a full-tiinc positioi) in July. Mucli of tlie year wab spenr inakiiig arrangcinLntts for a liiglicr, safer fence aroiind the garden to be inbValle(l. Meinberb C)f the LliiirLlI Eco Coiincil workecl witli rlie Pre.sLlI(iol Lliililren in Junc i)art of tlie Cjrceii Wcck of Action, lielpiiig thciii to Illcike l)iig liote15. Tlie PreLliool Loiiiii)itteL', Illiiclc ui) of inL'ii)berN ()( St Mary's Q;liiircli, tlie iiiAiiagLf ailLI dei)iity, Lolltinued to iiieet regulcirly. The AQiM in bebriiary wis well lirtendeLq by i)Aren¢b wl)() si)oke N'ery i)0sitively abour tlie Pre* SLliool. Maryaret Greeiistreet
PAROCHIAL CHURCH COUNCIL OF ST MARY'S, WATFORD
ANNUAL REPORT 2024
Independeiit Examiner's Report to
The Parochial Churcli Council, St Marfs Watford
I rei)orr to rhe rriibtees oil iiiy exc?Illitiation of tlie aCLOllllts of St Mary's ChiirLlI WAt(ord Irlie
Lliarity) for tlie yeilr elided 31 Deceiiiber 2024.
Rcsponsibilities and basis ot report
A&- tIiL' triiiytceb of tlie cli<2rity, YOII tire respoiisible for tlie preparatioii of rlie Rccoiints iii
¢iccordclllLe witli clie reqiiireiiieiitb of rlie Cliariries Acr 2011 ('rlie 201 l Act'>.
I report in respect of iiiy exAiiiinatioii of the cliariry'8 AQLoiiiirs carried oiir iiiider sectioii 145 of
tlie 201 I ALt aiid iii iarryiiig oiit iiiy exaiiiiii¢irioii I IIT?ve followed ¢qll tlie applicable Directioiis
giveii by tlie ClIArity Coiiiiiiissioii iiiiiler sectioii l45<5)(b) of rl)e 2011 Au¢.
liidependent ex•ttiiner's &tatemeTht
Sii)Lc tlie Ll)ariry b &FrI) iiiLoii)e L'XLeeLlecl £250,000 yoiir exaiiiiiiL'r iiiilbt bL' il 11)Liiiber of a
body listed li) seitioii 145 Of rl)c 201 I ALt. l Loiifiriii thAt I aiii qiiAlifiL'cI to iiiiilLrtake tlie
extiiiiititTrtioti beLAiisc l Ani iiieiiibL'r of rl)e Iii%ririire of C,IIArrtred AcLoiiiiraiirs iii Eiiglaiid aiid
Walc6, wliicli is oiic of tlie listed boclieb.
Yoiir Lltteiitioii is dram'ii to tlie fit ct tliilt tlie rriisrccs liavc i)rci)¢grcd acLOllllf$ 111 Lcordance wirli
ALLCllllltiiig ciiiil Ili'.i)urtii)g l)y C'liiiritie,s i)rei)iiriiig tlieir 7¢ LCC)iiiifb 111 fiLcor(l¢lllLC wirli rlie
E,'ill¢lllLiAI EILP()rtiiig Staiicliircl tipI)IiLiiblL iii rliL. UK iiii
PAROCHIAL CHURCH COUNCIL OF ST MARY'S, WATFORD ANNUAL REPORT 2024 STATEMENT OF FINANCIAL AcfiviTIES Uniestricted Funds Designated Funds Restrlcted Endowment Funds Funds Total Funds 2024 2023 Note Income and endowments from: Donations and legacles Income from charitable activlties Other trading aetivlties Investments 21al 21bl 377,977 1,675 48,598 25,658 453,908 12,213 390,190 92,280 48,598 26,280 557,348 183,360 82,879 42,734 23,641 332,614 90,605 21dl 134 12,347 488 488 TOTAL Income 90,605 Éxpendlture on: Ralsln8 funds 31al Expenditure on charitable actlvitle5 3lbl Other expendlture TOTAL Expendlture 4,307 191,951 2,958 199,216 4,307 290,456 2,958 297,721 6,541 354,157 81,837 16,668 81,837 16.668 360,698 Nel Incomelexpendlture belore tronsfers 254,692 8,768 14,3211 488 259,627 128,0841 Trt7nsyers Gr055 transfers between funds- In Gross transfers between funds . out Net Incomelexpendlture before other g#lns/losse$ 254,692 8,768 14,3211 488 259,627 128,0841 Galnsllosses on Flxed A55ets 9,846 9,846 Galnsllosses on Investment assets Net movement In funds 697 864 9,632 294 1,855 271,328 3,023 125,0611 265,235 14,3211 782 Bal•nces brou8ht forward at l January 2024 595,146 49,008 18.653 17,788 680,595 705,656 Balances carrled forward at 31 December 2024 860,381 58,640 14,332 18,570 951,923 680,595
PAROCHIAL CHURCH COUNCIL OF ST MARY'S, WATFORD ANNUAL REPORT 2024 BALANCE SHEET 2024 2023 Nole Flxed Assets Tangible flxed assets 110,718 101,203 Investments Church Board of Finance share accounts 63 Brlghtwell Road 404,734 29,837 376,000 Current Assets Debtors 22,221 5,447 417,198 14,873 459,739 10,997 4,959 113,707 73,773 203,436 Investment5 Short term deposlts Cash at bank and In hand Credltors,. amounts falllng due withln one year 12,649} 19,2621 Net Current Assets 457,090 194,174 Total Assets less Current Liabilitie5 972,542 701,214 Creditors: amounts falllng due after one year Net Assels 120,6191 951,923 (20,6191 680,595 Funds Unrestrlcted & Designated Restricted Endowment 919,021 14,332 18,570 951,923 644,154 18,653 17,788 680,595 io li These accounts were approved by the PCC on z< zoicand signed on their behalf by Eileen Roby Marcus Jones Chair Church Warden
PAROCHIAL CHURCH COUNCIL OF ST MARY'S, WATFORD ANNUAL REPORT 2024 NOTES TO THE FINANCIAL gfATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 l. Accountiii Policies l. J Basis o/preparatson and aSSeInent o/syoing coijcern Tlie financial %tatenients Iiave been prepared in accordance witli tlie StAtciiienr of Recotnmended Practice: AcLounting Éqnd Reporting l)y ClIAritics i)rcpariiig tlieir acc.oiintb in aLLordi4nce wirli tlie Financial Rei)ortii)gy Standard applicable in tlie U K nd Rei)ul)lic of IrelAnd (FKS 102) issiied on l nuary 2019, tlie E inancial Rei)orting Sranclard ai)illi1)lL in tlie United Kingdoiii Ana Republic of Ireland (bKS 102) and tlie ClIArities Act 2011. Tlie Llitirity lias triiken adnt42ge of the exetni)tion not to prepare a cash flow btatement. The cliarity consritures a pul)lic benefir cntlry s defined by FRS 102. The ttUStee5 consider that tliere Rre no iiiaterial uncertaintie5 abolit the Cliarity's ability ro Lontinue as going Lonccrn. 1.2 Accouiitiiig Coiiventiotis Tlic. finiinLial btrqteinents lirive l)een i)rei)A Tcd iin(4er rlie liisroriLal Lost Loniycntion witli iteiiis recogni5ed Rt Lobt or trai)S¢1Ction value unlests orlicnvibc StiTrted in tlie rLILVcint notes to tlicbe ALLountèi. 1.3 Fuiids Structure Cjcneral fuiids rei)rcsent tlie funds of tlie PCC thi¢ t are not subject to any restrictions rcgarding tlieir use and are Available for ai)i)liLation in tlie gencrRI i)Iiri)05eèy of tlic PCC. Eiunds detr>ignAred for a parriciili¢ r purpose by tlie PCC are also unrebtricted. RL.%tric.tcil b"iinds rei)rebcn¢ in()nics giveii by Il clonor witli a speLifiL reè*triLtion on tlicir future iisc. Tlic i)Iiri)()sc of rlny rcstriLted Iiind is noted in tlic 7¢ CLOllI)ts. It is rlie i)()IiLy of rliL. P(:(: tliAt no luiicl slioulcl be in deficir aiiLI tliat if tliis secins likely to OCLur tliei) cxpendiriire will be re(liiLe(l ab iieLCbi+lc ry. Tlie accountb inLlude all ttAnsac.tlQl)S, Sser8 ¢in(I lial)ilitiCli fc)r wliiLli tlie PCC is resp0115ible in law. Tlicy do not include the accounts of cliiircli groups thi¢ t owe tlieir m¢iin 11 ffili¢irion t(1 1¢ notlier body nor tliosc tliat are inforinRI gAtlierings of cl)ur(".li iiiciiibcTh. 1.4 Iiicoiiie Ilecogiiitioii All inL()iiie is reL()gni.sL'd once tlie LlIArity lia.s entirlcinent tc) tlie inLoine, tlicre is sufficient cert14 inty or reccii)t ana so it is i)robable tli¢lt tlie inLoiiie will be reLeiN'ed tind tlie Éltnount c)f inc.oiiie reLeivi)l)Ic cali l)e iiiea4urc(I relial)ly. ) Volunt(iry income and ciipilal souyc CollcLtions are rec.ognised wlien received by or on behiqlf of tlie PCC Incotne tdx reLoverable un(IcT Cjift Aicl clonHtions is recogniscd wlieLI tlie incoine i¥ reLognised. Cjrants ancl legaLies to the PCC are accounted for as s()on as tlie P(=G is notifiecl of its legal entitli'iiicnt an(1 tlie IllllC)Uiit duc. Funil rAi.%ecl l)y orlier fiiiid rAi5iiig events are accounted for gro>>S. 11) ()ther oTdinary income Relital inc.oiiie froiii tlie Ictting of cliiirLlI premises is reLognibed when tlie renMI is due. iii) IncoT>ie from investments Diiyidends and iiiterest are <lLcounted for wlieii receible iv) Gains and I055es on investments Realise(I gains or losses Are recogni8ed wlien ini'l'sriiients 'ire solil. Unrealibed gains or 1055es are Iccounted for on revaluation of investtnents at 31 DeLeinbet.
PAROCHIAL CHURCH COUNCIL OF ST MARY'S, WATFORD
ANNUAL REPORT 2024
1.5 Expei)diture Recogi)itioii
l.iabilities are recognised lis expencliture as soon as there is a legal or consrructive oblig¢ltion coinmitriiig
tlie clicqiity to tliat expeiiditure, it is probable tliat settletnent will be required and the aniount of the
obligation LRn be measured reliably.
All expendittire is accounted for on 11 accrual basis.
i) Grants
Grants cind donationb are accounted for wlieii PcqTd over, or when awarded, if that award creit tes
biiidiiig obligAtii)n oli tlie PLC.
li) Activitie5 directly Yeldiing lo the work of the chuych
Tlie Diocesan Parisli S111( re 15 Éqccounted for wlien P24 yable. Any iiiounr unpaid at 31 Deceinber is
provideil for in tl)cse accounts as an operAtional (Altliougli not legAI) lial)ility and ity Sho1n as
Lreditor in the b.Il¢illLe slieet exLept wliere donors h2¢ ve in(IiLilted otlienvise.
1.6 Fixed As'sets
i) con.secrated knd and building5 and movertble church fuynishings
CoiiscLrateil 21 lid beiiefiLiAI i)rc)i)Lfty its L'xcluclc£l froiii tlie acLoiints by s.102{2)Ic) of tlie Lliarities
ALt2011.
No valuc is plaLccI on moveablc cliurcli fiirnisl)ingb l)el(I by tlic CliiirLliwArLlens on .special trutst for
tlie PLC An(1 wliicli reciiiire 41 l¢aL".iilty for disposal since tlie PLL consider?) tliese to l)e ini11ienqi blc
property. All expen(lirurc inLurrecl during tlic year on conseLfi¢ ted or bencfiLll¢ I buil(lings lind
IIIC)Vi1ble LliiirLli furnisliiiig&, wlictliLr in¢lllltLlli¢ llLe c)r iini)rc)veineiit, ib writtei) off as exi)eiiditurc I
rlic Statci))cnt of EiinAnciAI ALtivities 1< nd SCE>l4 rntely disLlosed.
li) ()tlie1'1(ind cind l?uil£lings
L)tlier Iiincl Ancl builcliiig.4 liel(I c)n l)eliÉ21f of tlic PCC: for its own i)uri)08es are incliided Ilt inarket
VAliie. Tlie PLL etsnblislicd ili¢lt tlicrc is a Lorrelit tioii betwccti tIIc rkLit i'aliie o( tlie proi)L'rry
Iicld ¢ll)Il tlic iiibiifL'II 14liie. Tlic i)roiierty will l)e revtiliiccl iii liiic witli tlic insiirLd ViiluL' 4lt IL"1st
every five yeÉ2rs Aiid booncr in tlie event tlidt tlie iilbiired valiie ill¢ireri:Illy dtffers to tlie C<irrying value
at any inbufTrt nce renewal (lare. No clei)reLiation is rged against suLlI properties bcLaUèye tIiL net
rc¢ili.S¢iblc Vliliie is siii)ilAr to tlie re.V¢lliied #Ii)oiint Rnd tlierefore any dei)reciation wc)iil(I lie
i1111111tcriil. Lxi)cncliture on inaiiiteniillLe is written off as inLurrc(I, imi)<iirmciit rcviews are
i)cr(orined oIiTr ill iinniilll bA51S.
11) OtliLY fixluYe5, filt1?I5 (i?i(l offiLe L'il14iPniLiil
Lquii)iiienr iitsL'cl witlitn tliL LliurLli i)reiiiise.s is dci)rcLiiltcd on a .strAiglit line l)Ablb over 5 years.
Incl jiiiLILl
PAROCHIAL CHURCH COUNCIL OF ST MARY'S, WATFORD ANNUAL REPORT 2024 1.9 Current knets Aniounts owning to tlie PCC at 31 Decei]Iber in respect of fees, rents or other incoine are sliown as clebtors less i)roiyision for Ainountb tliat iiiay proiye unLolleLtable. Sliort terin deposits include Lasll lield on deposit eitlier witli CBF Lhurch of England Funds or at tlie bank. 1.10 Risk Maiiagement Tlie l)LL giiardb cigainst risks tlirougli.. a) Taking out iodeqiiare intsurancc coiyer against fire, tlieft, ancl otlier insurable ri,sks' b) Seeking out professioni?I guidance on Lliurcli security and otlier inatters. c) Haiying and following ¢1 cleTh¢r policy on child i)rotec.tion' d) Having and following clear iirocediires for autliorising exi)enditure iTrnd making Pll ytnents. l. I l Related Parties UnclL'r S()RP bKS102 (c(fccrive l January 2019) rcll< ted [)qt Tty tri4nsi2Ltions are required to be reported. KeliTrteil P¢qrties for St. M;Iry% incliicle tlie ineinbers of tlie P(:(: Aiiil tlieir iiiiiiic(liare fit inily Iilub rli()5e wirli i]ianagciiient rcsiioii4ibility witliiii tlie Ll)urLlI org1( ni.sHtion, tlie Vicar ancl Lliiircli wardenti. Ar present tliere re no rel¢lted partieb by virtue of land donations or, interest beariiig loAiis., Tliere Are two organis?{ tions (Tlie Cl)urcli IndS Trust nL4 tlie Dorotliy l£ingland Bequesr) rliat are considered to be rclatcd i)artics tlirougli <QbSOLiation witli rclatcd i)Arties. Donations froiii Rclatcd Partic% arc rci)orrcd in aggregatc foriii unlcss tlicre are Lon(lirions iltrii clicd to tlie Llbe of tliq¢ t donqc tion siil)jCLt to SL)111) 2015 rci)orting reciiiircinents. Reiinburseinent c)f exi)cnscs ro An Iiiirelatcd rliir(l i)Arty are exLliideil (roiii tlie rei)orting.
PAROCHIAL CHURCH COUNCIL OF ST MARY'S, WATFORD ANNUAL REPORT 2024 2. Income and endowments from: Unrestricted Fund5 Designated Funds Restrlcted Funds Endowment Funds Total Funds 2024 2023 21al Donailons and le8acles Planned giving Income tax recoverable on givlng Collections at 5ervSces Sundry donations Restricted donations 75,408 18.701 12,104 4,384 6,363 1,474 81,771 20,175 12,104 5,825 535 2,400 267,380 390,190 91,268 22,857 12,811 13,474 150 42,500 300 183,360 1,441 535 2,400 Grants Legacles 267,380 377,977 12,213 2{bl Income from charltable actlvltles Coffee & lunches served Income from soclalloutreach events Llterature sales & concerts receipts Fees Prtrschool fee5/fundlng/donatlons 42 404 42 404 675 554 675 554 90,605 92,280 2,154 80,725 82,879 90,605 90,605 1,675 21cl Other tradln8 artlvltles Church Centre lettings 48,598 48,598 48,598 48,598 42,734 42,734 2{dl Investments Interesi & divldends 63 Brlghtwell Road rental Clolsters Offlce occupancy 19,658 134 488 20,280 6,011 11,630 6,000 23,641 6,000 25,658 6,000 26,280 134 488 TOTAL Income and Endowments 453,908 90,605 12,347 488 557,348 332.614
PAROCHIAL CHURCH COUNCIL OF ST MARY'S, WATFORD ANNUAL REPORT 2024 3. Expenditure on: Uniestricted Deslgnated Funds Funds Restricted Endowment Total Funds Funds Funds 2024 2023 31al Ralsln8 fund5 Salary cost ladminl Salary cost (Caretaker) Card Reader Lettlng Agencv 1,598 2,709 1,598 2,709 2,985 2,308 409 839 6,541 4,307 4,307 31bl Expendlture on charltable actlvltles Glving to overseas mlsslons Glvlng to UK mlsslons Parish Share Clergy expenses Other mlnistry costs Muslc Staff tralnlng Youih Club and Sunday School Pre-school Church and Church Cenire.. RiJnnln8 expense5 Roullne Inspectlons and malntenance Major malntenance and plonned Improvemenls.. Planned Malntenance Unplanned mainlenanee and repaSrs Furnlture, flxtures & flttlngs purchased Houses.. malntenance, Insurance, etc Admlnlstratlon and offlce costs 6,887 4,639 6,887 4,639 85,444 1,814 1,592 4,477 55 136 81,837 18,206 20,597 88,490 1,571 3,336 3,416 36 116 70,262 85,444 1,529 1,211 4,477 55 136 285 381 81,837 55,729 2,288 55,729 2,288 60,775 5,461 46,381 520 520 19,394 6,797 1,368 4,995 19,394 6,797 1,368 4,995 9,646 18 3.733 5,810 Salary costs re Govelnance ladmln & fml Advertislng Llterature & concerts expendlture Mlnlbus runnlng costs Coffee & lunches, piovislons purchased M15cellaneous expendSture Asset depreclatlon Accountancy fees & related costs 4.793 4,793 90 539 4,145 328 38 331 2,220 290,456 8,954 90 539 274 2,455 59 510 4,145 328 38 331 331 3,720 354,157 2,220 191,951 81,837 16,668
PAROCHIAL CHURCH COUNCIL OF ST MARY'S, WATFORD ANNUAL REPORT 2024 3. Expenditure on: (Continued) Unrestrirted Funds Deslgnated Funds Restrlcte(I Funds Endowment Funds Total Funds 2024 2023 31cl Other expendlture Legal costs 2,958 2,958 2,958 2,958 TOTAL Expendlture 199.216 81A37 16.668 297,711 360,698 4. STAFF COSTS 2024 2023 Wage5 & Salaries Natlonal Insurance- Employer Penslons- Employer 89,633 76,886 2,538 92,171 2,023 78,909 The PCC employed two part tlme Admlnlstrot0I5 lone Admlnlstrator 112 funded by CcI, Fatllitles Manager, and Pre.School staff,. none earned £60,000 p.a. or mole In 2024. 5. FIXED ASSETS FOR USE BY THE PCC Leasehold Cooker TOTAL Gross Book Value At l January 2024 Movement In market value At 31 December 2024 100,540 9,846 110,386 1,656 102,196 9,846 112,042 1,656 Depreclatlon At l January 2024 Charge for 2024 At 31 December 2024 993 993 331 331 1,324 1,324 Net Book Value At 31 December 2023 100,540 663 101,203 At 31 December 2024 110,386 332 110,718 The cooker was purchased in 2021 and is being depreciated in accordance with Accounting Pollcy The leasehold property at The CIoi5ters was revalued as at 31 December 2024 by reference to the latest insurance cover document.
PAROCHIAL CHURCH COUNCIL OF ST MARY'S, WATFORD ANNUAL REPORT 2024 INVESTMENTS 6J BrL%htwell Road I CCLA Glob Equllv Fund Chur<h Hall Old Free siie Okl Free s(ho hoorf'- Recoupment Loan Old Free Sthool Aecoupmtnt lon Youngm*n Pr[ Fund ChwKtl Fund Total Brought forward at l January 2024 Costs of Sale Movement In value Carrled forward at 31 December 2024 376,000 12,9581 697 373,739 8,002 2,612 4,136 12,872 2,215 405,837 12,9581 1,855 404,734 183 60 2,672 211 653 51 8,185 4,347 13,525 2,266 During the year. the charlty sold the property at 63 Brlghtwell Road, Watford, whlch was held as an Investment property wlthln Investments, for the Bfoss amount of £376,000. The net proceeds lafter deductlng costs of sale) were Invested wlth the Dlocese In the CCLA Global Equlty Fund. DEBTORS 2024 2023 Income tax recoverable IGIft Aldl Refit Prepayments Accrued Interest Other 7.567 1,317 5,037 4,614 3,686 22,221 7,003 2,469 1,525 10,997 8. CREDITORS 2024 2023 Amounts fallln8 due wlthln one year Accruol for independent examlnation fee Agency CollectlorbS Other accruals and credltors 1,200 7,560 1,258 444 16 1,449 2,649 9,262 Amounts lalllng due after one ye¥r Old Free School loan5 {repayable In 2041 and 20531, 20,619 20,619 20,619 20.619 16 Rent received In advance, Staff Costs Ipenslonl, sundry credltors
PAROCHIAL CHURCH COUNCIL OF ST MARY'S, WATFORD ANNUAL REPORT 2024 UNRESTRicfED ANO DESIGNATED FUNDS Balance at 0110112024 Movements Sn Resources Incoming Transfers Balance at Outgoing 3111212024 General Fund Pre-school Fund OFS Recoupment Fund 595,146 31,999 17,009 644,154 464,451 90,605 864 555,920 {199,2161 181,8371 860,381 40,767 17,873 919,021 (281,053) The Pre•School Fund represents funds generated by the Pr&School whlch are belng accumulated to cover any potentail capital expenditure or operatlng losses in the future. The PCC reviews this perlodically and any funds considered to be in excess of requirements are transferred to the General Fund. 10. RESTRICTED FUNDS Balance at 0110112024 Movements In Resources Incoming Transfers Balance at Outgolng 3111212024 External Giving Fund Legacie5 Funds 19 Restricted donatlons and grants Youth Fund Sunday School Fund Kitchen Fund {cookerl Organ Repair Fund 5,651 1,577 9,354 750 547 774 7,812 61 1,716 11201 111,4061 1,937 1,638 6,664 750 500 443 2,400 14,332 120 14,5261 73 11201 13311 2,400 12,062 18,653 116,383} External Givin8 Fund receives monles speclfically donated for support of the worldwlde mlssion of the Church; these are distributed in accordance with the donors, wlshes or, if these are not specified, they are distributed to missions in line with a formula approved by the PCC. 19 Legacies Funds contain monies donated or bequeathed for specific purposes,. the balance is restricted to the purposes shown below: Balance at 0110112024 Other income Balance at 3111212024 Interest Use of funds Pur The Poor Outreach Vicar's Discretionary Church lendin8 library 431 812 305 29 1,577 17 31 12 448 843 317 30 1,638 61 Restricted donations and grant5 contain monies donated or bequeathed for specific purposes,. the balance 15 restricted to the purposes shown below: Balance at 0110112024 Transfers Other Income Balance at 3111212024 Use of funds Pur Hardship Minibus Flowers Other small donations oses 2,095 3,673 180 3.406 2,095 1,114 49 3,406 120 1,466 250 4.145 381
PAROCHIAL CHURCH COUNCIL OF ST MARY'S, WATFORD ANNUAL REPORT 2024 11. ENDOWMENT FUNDS Balance at 0110112024 Movements in Resources Incoming Outgoin8 Balance at 3111212024 Chancel Fund CBF Investment Account1354 shares) CBF Deposit Account Old Free School Fund CBF Investment Account1115.56 shares121 lan Youn8man Prlze Fund198 shares122 8,002 4,959 183 8,185 5,447 488 2.612 2.215 17,788 60 2,672 2,266 18,570 51 782 21 Dividend for general use £72.511£71.41 in 20231. Dividend for Sunday School prize £61.501£60.55 in 20231. 22 12. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted Restricted Funds Endowment Total Funds Funds Funds 2024 2023 Fixed Assets Investments IShares} Cash at Bank Other Net Current Assets Liabilities over one year 100,540 391,611 418,071 19,572 120,6191 919,021 332 100,872 404,734 437,518 19,572 120,6191 942,077 101,203 405,837 192,439 1,735 120,6191 680,595 13,123 5,447 14,000 14,332 18,570 13. OLD FREE SCHOOL RECOUPMENT LOANS In 1981 the Charlty Commlsslon approved a loan to the PCC of £4,500 out of the residual proceeds from the sale of the lease of the Old Free School and an associated right of way,. this loan was to meet the cost of repalrs to the church roof,. and in order to achieve recoupment over the agreed term of 60 years an Snvestment was made in the CBF Investment Fund, the value of which at 31 December 2024 was £4,346.9112023- £4,135.78). A similar loan to the PCC of £16,119 over 60 years was agreed in 1993 In order to meet the cost of repairs to the church centre,. at 31 December 2024 the value of this recoupment investment in the CBF Investment Fund was £13,525.2612023.' £ 12,870.791. Following drawdown of the 1981 loan detailed above, a small residue from the avallable sale proceeds created an endowment fund, the use of which is restricted to capltal projects wlthin the church,. this is invested in the CBF Investment Fund and the value at 31 December 2024 was £2,672.0612023: £2,612.27). 14. INCOME RECEIVED FROM AND AMOUNTS PAID TO TRUSTEES (and thelr related partles) 2024 2023 32,681 Isi Donations without restrictions 23 Reportable payments 28,130 148 The Revd Tony Rindl, a Trustee of the Charity until July 2024, was also a Trustee of Watford Town Centre Chaplaincy during that period. The Charity received rental income totalling £52512023.. £1,012) from this entity during the period to July 2024. The Revd Tony Rindl. a Trustee of the Charity until July 2024, was also a Trustee of Watford and Three Rivers Refugee Partnership during that period. The Charity received rental income totalling £5.88812023.' £7,546) from this entity during the perlod to July 2024.
PAROCHIAL CHURCH COUNCIL OF ST MARY'S, WATFORD ANNUAL REPORT 2024 Peter Dean and Elleen Roby, Trustees of the Charity, and Caroline Jones, the wife of a Trustee of the Charity, are also Trustees of the Church Lands Trust. The Charity received no grants12023.' £40,000) from this entity during the year. The Revd Tony Rindl (to July 20241 and Eileen Roby. Trustees of the Charity, and Caroline Jones and Rosemary Courtney, the wives of Trustees of the Charity, are also Trustees of the Dorothy Lon8land Trust. The Charity received no grants12023.' £1.5001 from this entity durin8 the year. Anthony Wilson is a member of the PCC. During the year he recelved a total of £2,16012023'. £180 since his appointment to the PCC in December 2023) in respect of his service5 as Music Director whilst being a member of the PCC. 23 Trustee5 Include serving members of the PCC and those in positlons of management of the charity and their families. 15. PLANNED MAIOR WORK As at 31 December 2024, the PCC had authorlsed expenditure (estimated at £8,000) in respect of the Installatlon of new fencing for the Pre-school.
PAROCHIAL CHURCH COUNCIL OF ST MARY'S, WATFORD ANNUAL REPORT 2024 Rctciining our rich evcingLIiL<il heritclgyc, wc want to bc (2 church LommLinity whiLh is r()()tLd in the sLripturcs, filled with thL Spirit (ind one which livcs out a Lrcdiblc Lhristian f<lith. The LhurLh building nL'eds to LontinuL' to bc a sacred spaLe and plclLe of ¥*2L nLtUciry in the heart of W11 tford. As a LhurLh Lommunity wc n'iturcilly long to see si)iritU1I I (incl numeriL<il gyrowth in line with the dic)LCScin initliltive, Living Qiod's Lovc? nd to bc cl vibrant Lommunity attraLtive to othLr8Tr 2( nd in licirtnership with othL'r LhurLhes bLrve our l()Liil Loinmunity WLII.