THE CHURCH
OF ENGLAND
In Chigwell & Chigwell Row
Chigwell & Chigwell Row
Team Ministry
Annual Report
and
Financial Statements
st
for the year ended 31 December 2024
Version 1.6
Registered Charity Number 1133035

Chigwell & Chtgwell Row Team Ministry- Annual Report of the
Parochial Church Council for the Year Ended 31 December 2024
Contents
Page
Administrative information
Trustees, Report
Independent Examiner's Report
21
Statement of Financial Activities
22
Balance Sheet
23
Notes to the Accounts
24
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Pa8e 2

Chigwell & Chigwell Row Team Ministry- Annual Report of the
Parochial Church Council for the Year Ended 31 December 2024
ADMINISTRATIVE INFORMATION
The Chigwell and Chigwell Row Parish is in the Diocese of Chelmsford within the
Church of England and forms part of the Benefice of the Vale of Roding. The Parish
has three church buildings- St Mary's Chigwell, St Winifred's Chigwell, and All Saints,
Chigwell Row.
The Parochial Church Council {PCC) is a charity registered with the Charity
Commission Registered Charity Number 1133035. The PCC has delegated some of its
functions to the individual churches, District Church Councils, in accordance with the
Pastoral Scheme for the Benefice Ministry dated 2019.
The Parochial Church Council
The Clergy, LLMS, Churchwardens and Deanery Synod members are all ex-officio
members ofthe PCC.
Ex-officio Members..
Team Rector
Team Vicar
Associate Priests
Rev'd Charlie Kosla
Rev'd Paula Preston
Rev'd Lorraine Smart
Rev'd Ann Kosla
Sandie Forshaw
Licensed Lay Minister
Churchwardens
St Mary's
Joy Madeiros
th
Shirley Austridge (resigned 25 May 25)
St Winifred's
Daniel Forshaw
vacancy
All Saints,
Helen Ellis-Poole
Will Worth (resigned 25 May 25)
th
Deanery Synod
Representatives
St Marfs
St Winifred's
All Saints,
Sandie Forshaw
Ade Adekunjo
Paul Preston
Richard Kinder and the Rev'd Paula Preston are also members of Diocesan Synod.
Parish of Chigwell & Chlgwell Row- Annual Report 2024
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Elected
representatives
St Martys
Alison Jordan, Richard Coates,
Trish Johnson, Richard Kinder
Bill Darke, Gill Darke,
Kim Osbourne, Janice Randall
Cindy Barber, John Barber,
Brenda Tarman, Zoe Simms (from
th
25 May 25). Phil Cracknell (from
St Winifred's
All Saints,
th
25 May 25)
All members of the PCC are Trustees of the Charity.
Correspondence Details
Bankers
Mr John Barber
2 Glebelands
Chigwell
Essex IG7 40G
HSBC
74 High Street
Barkingside, Ilford
Essex IG6 2DN
CCLA Investment Managers Ltd
St Alphage House
2 Fore Street
London EC2Y 5AQ
Independent Examiner
Janine Mansfield
Rickard Luckin Limited
First Floor, County House
100 New London Road
Chelmsford
Essex CM2 ORG
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Structure, Governance and Management
The Parochial Church Council is a corporate body established by the Church of
England. The PCC operates under the Parochial Church Council Measurer. The PCC is
a registered Charity.
The method of appointment of PCC members is set out in the Church Representation
Rules. All regular Church attenders are encouraged to register on the Electoral Roll
and stand for election to the PCC.
Objectives and Activities
The trustees have paid due regard to guidance issued by the Charity Commission in
deciding what activities the Charity should undertake for public benefit.
The PCC has the responsibility of co-operating with the clergy, Rev'd Charlie Kosla,
and the ministry team, in promoting in the ecclesiastical parish the whole mission of
the Church, pastoral, evangelistic, social and ecumenical.
Financial management is delegated to the District Church Councils (DCC) of the
Churches.
TRUSTEES, RESPONSIBILITIES
The law applicable to charities in England and Wales requires the members of the PCC
to prepare financial statements for each financial year which give a true and fair view
of the state of affairs of the PCC and of the incoming resources and application of
resources during the year then ended. In preparing those financial statements, the
members of the PCC should follow best practice and are required to:
select suitable accounting policies and then apply them consistently.
observe methods and principles in the Charities SORP.
make judgements and estimates that are reasonable and prudent; state
whether applicable accounting standards and statements of recommended
practice have been followed, subject to any departures disclosed and explained
in the financial statements; and
prepare the financial statements on a going concern basis unless it is
inappropriate to assume that the church will continue its activities.
The members of the PCC are responsible for ensuring that proper accounting records
are maintained which disclose with reasonable accuracy at any time the financial
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position of the church and which enable them to ensure that the financial statements
comply with the Church Accounting Regulations 2006 and the Charities Act 2011.
The members of the PCC are also responsible for safeguarding the church's assets
and hence for taking reasonable steps towards the prevention and detection of fraud
and other irregularities.
The members of the PCC are responsible for the maintenance and integrity of the
corporate and financial information.
Going Concern
The financial statements have been prepared on a going concern basis and the
Trustees believe that no material uncertainties exist. The Trustees have considered
the level of funds held in each part of the Charity and the expected level of income
and expenditure for twelve months f rom the date of authorising these f inancial
statements. In their opinion, the budgeted income and expenditure is sufficient with
the level of reserves for the charity and with monitoring of discretionary costs to be
able to continue as a going concern.
SAFEGUARDING
We confirm that the PCC has complied with the duty under Section 5 of the
Safeguarding and Clergy Discipline Measure 2016 (duty to have regard to House of
Bishops, guidance on safeguarding children and vulnerable adults).
A definition is - where a child or vulnerable adult may be being abused or mistreated,
whether by someone working for or on behalf of the church or in their outside
environment.
All constituent parts of the Charity follow the Church of England safeguarding policy
and guidelines fully.
Each church has appointed a Safeguarding Officer who is re-elected annually
by the DCC and reports to the PCC.
Policies are aligned with those of the national church and displayed in all
Church buildings.
In line with the policy of the national church all relevant staff and volunteers
when required have to complete and maintain a valid DBS certificate.
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All staff are required to maintain a defined level of training based upon their
role within the Parish.
Training is made available for volunteers both by staff members and national
church resources.
Will Worth
Parish Safeguarding Lead
REPORT ON THE PROCEEDINGS OF THE PCC
It would be easy to say that PCC meets just half a dozen times a year, but that would
be a disservice to the dedication of our members. As well as those serving the wider
church on various synods, all members meet as part of their respective District
Church Councils (DCCS), as well as playing their part in the various activities that go on
in our churches.
As our Deanery moved from one episcopal area to another, we were delighted to
welcome Bishop Lynne to St Mary's for a confirmation service in March before we left
her area. Five people were confirmed (one baptised), and it is a delight to see this
evidence of growth in our churches and the fruit of nurture courses such as
Moving On. Later in the year, five adults were baptised by immersion too.
During the year, we get together with the other two parishes in our benefice. This
involves a Lent and an Autumn course, both on Zoom, together with an annual party
on 'Twelfth Night, and a barbecue in the Rectory garden in the summer. We also held
a Seder meal at Easter, taking the opportunity to share the meaning of Passover and
the relevance to our Christian faith. This is something that we plan to repeat.
A new course for us was the Pre-marriage Course, to which we invited all the
potential wedding couples, and this was well received. We also took the opportunity
to 'futureproof our weddings literature, personalised to the churches with their
different anomalies and requirements. We will be running this course again in 2025.
Our monthly evening service has evolved into Café Church, which circulates around
the churches but is held in the more relaxed atmosphere of the halls or rooms, with
refreshments. Each time we look into the morning's readings in more depth and
discussion.
We have continued to engage with our local communities; the Summer Fayre at
All Saints, was well received, with enquiries on social media as to when the next one
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would be. Both St Mary's and St Winifred's held packed quiz evenings in the autumn,
and St Winifred's also hosted a Christmas Fair. Together with St Win's, ongoing
programme of Days with a Difference, good relationships are continuing to be
nurtured with those around us, and we have a stand at the Chigwell May Fayre also.
We have had another roofing issue this year, so now we've had one at each church
over the past two years. We were blessed that by the careful management of our
funds, the monies were in place to rectify this unexpected repair. We haven't
forgotten the toilet projects; one of our churches has a most enlightening visit from
the Diocesan Advisory Committee, giving us a vision of what could be achieved.
th
Indeed we were encouraged at St Mary's Nursery's 30 Anniversary to be reminded
that the building of the Churchrooms, and thence the Nursery, began with wanting to
spend a penny...I
Safeguarding Sunday has now become an annual event on our church calendars, with
the commissioning of our Safeguarding Officers and the reinforcement of
safeguarding being the responsibility of all of us. This year, the benefice held
safeguarding training via Zoom for the benefit of those who felt uncomfortable with
the national church portal.
Our year ended as usual with a marvellous celebration of Christmas. We held carol
services with Chigwell School at St Mary's, as well as another one, and All Saints, held
the traditional Nine Lessons & Carols. We also visited again the local hostelries and
old people's homes.
Our grateful thanks, as always, go to all who have served the parish on the PCC during
the year, for your prayers, wisdom and expertise, as we seek to reach out to those
around us.
Sandie Forshaw
Secretary
DEANERY SYNOD REPORT
Three synods were held during 2024, namely: 7th February, St Mary's Theydon Bois.
13th June, St Michael's Loughton; 16th October, St Laurence Blackmore.
Our Parish's representation, other than the ordained clergy, was as follows:
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St Winifred's
Ade Adekunjo-synod
Sand ie Forshaw- Synod and Deanery Secretary
(on Ray McKerron standing down)
Richard Kinder- Deanery Lay Chair and
Diocesan Synod Representative
St Mary's
All Saints,
Paul Preston- Synod and Standing Committee
Elected Clergy
Lorraine Smart- Standing Committee
Paula Preston - Diocesan Synod representative
Synod 7th Februaryp St Mary's Theydon Bois
This was Rev'd John Fry's first synod as Area Dean, Both he and the Lay Chair gave
their accounts of their journey to faith.
Copies of the Roles and Responsibilities of Synod Members were distributed, and the
following points highlighted:
Synod members should represent the best interests of their Parishes by all
available means
A primary purpose of the Deanery is to support and enable work in parishes,
but not to direct it
Deanery Synod is a place to celebrate the best, to learn from the worst, to
share best practice together
Synod members should be outwardlyfocussed and be responding to the
concerns of each of our Churches.
Seven values of Travelling Well Together were then discussed in small groups.
Synod 13th June 2024, St Michael's Loughton
Sandie Forshaw kindly agreed to stand as Deanery Secretary.
The Ven Jonathan Croucher (Archdeacon of Chelmsford) and Rt Rev'd Adam Atkinson
{Bishop of Bradwell) introduced themselves. They shared their journeys to and with
Christ, making themselves available to all, and wishing us all to 'drink deeply, live
abundantl
l Ray McKerron stood down as Deanery Secretary owing to health issues and Sandie Forshaw, Deanery Synod
rep for St Mary's Chigwell, kindly agreed to Stand as Secretary after being proposed and the motion carried
unanimously.
2 At the end of 2023, our Deanery moved to the Archdeaconry of Chelmsford in the Bradwell Episcopal Area
following a reorganisation that split us from the Harlow Archdeaconry and the Barking Episcopal Area.
3 A motto taken from the Retreat House at Pleshey.
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The Diocesan Environmental Officer, Rev'd Sandra Eldridge, gave a presentation
entitled 'Another year for being green.
Salient points shared:
'Caring for the environmenv on the Diocesan
The Facebook Group- Greening the Church
General Synod approved a route map to net zero by 2030-"A Practical Path to
Net Zero"
Details of Ecochurch were given
A grant of £3,000 is available
+ Adam closed the meeting in prayer.
Synod 16th October, St Laurence Blackmore
The Dean opened the meeting and Rewd Sam Brazier-Gibbs led the opening worship.
Matters arising from the previous synod's meeting were the results of the Diocesan
Synod elections:
House of Laity- Richard Kinder, Tim Valder-Hogg and Diana Lowry
House of Clergy- Rerfds John Fry, Sam Brazier-Gibbs and Paula Preston.
Canon Michaela Southworth, the Diocesan CEO, gave a presentation on Parish Share.
(PCC and DCC Treasurers had been invited as guests to this synod.)
Rev'd John Fry was appointed as Team Rector of the Epping Team Ministry,
Vacancies therefore exist for a Team Rector and an Associate Priest in the Theydon
parishes.
Rev'd Neil Taylor kindly agreed to accept the post as Deanery Treasurer and was duly
elected.
Janet Whitehouse advised of a new campaign by the Mothers, Union regarding
gender violence and empowering women called 'Empower Her,. All asked to
promote this.
The Dean closed the meeting in prayer.
Richard Kinder
St Mary's
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TEAM REcfoR'S REPORT
Do not remember theformer things or consider the things of old. l am about to do a
new thing,. now it springsforth, do you not perceive it?
Isaiah 43:18,19
There is an old song by Essex musician and broadcaster John Pantry called Simple
Sailing, which is about trusting God and not striving with being church. Lyrics include
let us lay aside all our striving, for our righteousness is in him, see the Spirit move the
water, let Him take you where He wants to.
One of the biggest challenges we will always face as church is the temptation to make
it all happen ourselves. We plan and trust our resources, working out budgets and if
we have enough time and people to do new things or keeping the show on the road.
How much more do we need to catch the wind of the Holy Spirit and trust God with
our futureP We do not keep God's church going, all we are meant to do to is the
works of Jesus guided by his Spirit. If you look at the Mill Grove Community's website
www.millgrove.org.uk, you will not see a giving page. Since 1899 they have not asked
or fund raised, people and churches just give without being asked.
So where is the Spirit leading us, what next God? Where is the wind of the Spirit
taking us? Can we trust God and place into His hands all that we are as local
churches?
As I write this report in April 2025, Christian commentors are telling of a quiet revival
amongst the young in this nation, a spiritual awakening especially amongst'Gen-Z.'
Bible sales to the young have increased dramatically as interest increases, We should
always be looking to connect with the spiritual mood of our communities with a
Gospe5 that is understandable and relevant.
Chigwell and Chigwell Row Parish
Sometimes I get into conversations with clergy colleagues comparing our ministry
teams and how we get on together. These can get embarrassing as l admit to others
what a great bunch I work withl Being church can be like sailing and steering in
choppy waters, trying to discern the right direction or decision, so it has been
blessing to work with such a good and supportive team and my thanks to them.
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Some highlights from 2024
l am sure Sandie will pick up on many more events and happenings from last year for
which l am very grateful, but here are a few I would like to highlight and note my
deep appreciation.
The Twelfth Night benef ice party has become a regular cross-benefice occasion,
bringing people from the five churches together. My thanks to Rev'd Roger Gayler for
leading this. We also had a group join us from Barkingside who happened to see us
on the website and just turned up.
It has been good to support Stephen Potts and his team made up of people from our
churches, as they present church at Sherrell House care home. This is so well
produced and connects with many of the residents. Sherrell House Church is a great
example of God closing one door of ministry but opening another, which took place
after their work at Alder House ceased following its closure.
A small team were also able to put on services at Jubilee Lodge respite care home for
just a few months. These were loved by the residents and staff, but sadly the place
was closed down just before Christmas. So a door was closed, and we wait for
another to open in that area. However a new door opened at Lambwood Heights
giving Rev'd Paula and team a great opportunity to minister there regularly, and also
Rev'd Lorraine and team ministering at Belmont Lodge.
We are also regulars at the Chigwell May Fayre, a great opportunity to show who we
are and what we are about. Many people stopped to chat, take freebies or watch
Paula share the Gospel on her sketch board. My thanks to the early team who came
and put it all together.
A confirmation service took place at St Mary's, and it was great to see five f rom our
churches confirmed by Bishop Lynne Cullens, supported by family and friends.
The All Saints, Summer Fayre was a brilliant success with such a variety of things to do
and see, and many people coming during the day. A great work from the All Saints,
team!
The Seder (Passover) Meal on Maundy Thursday 2024 was the first time this had been
tried in Chigwell and Chigwell Row for several years. A dedicated team worked hard,
and we had a full hall in All Saints, House. It was also wonderful to hear appreciation
from members of the Jewish community who also came along.
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The Light Party in St Mary's Churchrooms is now an annual event for young children,
offering a Christian based time of fun on Hallowe'en evening. We had a good number
with parents come along, my thanks to the Light Party team.
St Mary's once again joined Chigwell School for two carol services which again filled
the church. This is now an annual event, helping to bring St Martys and the school
closer in mutual support and offering service to the local community. Carol singing
took place at two local pubs, the Two Brewers in particular was pleasantly squashed
with people hearing the carols.
St Win's Day with a Difference continues to make a difference at holiday times to
young and old, mainly from the Limes Farm Estate. It's a great relaxed chill out space
and offers to help are always welcome.
Home groups and social gatherings play a pivotal role in helping people grow in faith.
Thank you to all the leaders and hosts whom I know put in a lot of work. Please talk
to me if you are interested in trying out a homegroup, there is no obligation to keep
going along but you may like it!
Thank you
To conclude, I want to express my heartfelt thanks to the wider team we have in
Chigwell and Chigwell Row. Too many names to mention, people who serve the
church and God's mission in a huge variety of jobs and responsibilities, such as
administration, finance, looking after buildings, working with all ages, leading groups
and services, sharing the Good News of Jesus Christ.
Thank you all so muchl
Challenges
There are challenges ahead not just for us but for the Church of England whose
leadership must remain in our prayers. As you know l am uncomfortable with the
direction the Cof E is travelling with regard to the official blessing of same sex
relationships. This is personally very challenging as l always want our churches to be
inclusive and open to all people without exception. I will continue to think and pray
about this and will produce a paper for the PCCS with my reasons for not allowing
these services to take place.
Challenges will always be with us because we are on God's side constantly battling
against the world, flesh and devil. But God is with us. Whatever we face in the
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future, both joys and sorrows, we face in the knowledge that God is with us. May all
we do in the future be guided and energised by the Holy Spirit.
God bless
Rev'd Charlie Kosla
Team Rector
TEAM MINISTRY FINANCE REPORT
Each of our three churches manages its own accounts and these have been
consolidated for the Team Ministry financial statement, as presented. The statement
is on an accruals basis in a format to comply with Charities Statement of
Recommended Practice FRS102. It consists of a Statement of Financlal Activities
(SOFA) and a Balance Sheet, together with details of income and expenditure and
analyses of funds. Certain items of capital expenditure have been treated as fixed
assets with a corresponding figure for depreciation.
Church resources are held in general, designated and restricted funds. St Mary's
Nursery is a restricted fund because incoming resources have to be spent in
connection with the work of the Nursery. All three churches have designated fabric
funds. All Saints, DCC has designated the Lee Fund for the development of the church
building and grounds to increase its use and to enhance worship and has other
designated funds for the maintenance of All Saints, House,
Investment funds and the youth funds of all three churches are restricted funds.
Most of the investment capital is held by St Mary's in two historic funds to be used
only for ecclesiastical purposes, The youth funds are restricted because their source
of income was donations from church members specifically for youthwork.
The accounts have been independently examined and a report from the examiner is
included.
The Statement of Financial Activities indicates that total income of £393k was just
under £3k less than in 2023. However, total expenditure of £435k was also more
than in 2023 by nearly £60k, giving an in-year deficit of £42k' thi5 combined with
losses on investments of £2k meant total funds carried forward decreased by £44k
from the previous year.
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Income from planned giving, collections and Gift Aid was comparable to the previous
year with an overall decrease in the Donations and Legacies total of £IOk. Likewise,
income from Charitable Activities was £18.7k more than in 2023.
Nursery income increased by £4k and expenditure by £8.6k compared to 2023. The
expenditure in 2024 exceeded income by £985 resulting in minimal change to the
reserves.
The figure for charitable and missionary giving was £257 more than in 2023 but was
the same proportion, 6.80A of income from direct giving as in the previous year.
Total expenditure was £97k more than in the previous year, due principally to the
cost of major building works and increases in administrative and office costs.
The major item of expenditure continues to be the Parish Share which was paid in
full.
All three churches have significant balances in their designated funds and are well-
placed to fund ongoing maintenance and improvement plans. St Mary's and
St Winifred's also have healthy balances in their general funds.
The position at All Saints, is less secure where the cost of maintaining the church
exceeds its direct income. All Saints, seeks to increase income from giving and other.
uses of the church building, with the deficit continuing to be met from the income
generated by All Saints, House to the possible detriment of its future condition.
Overall, the Ecclesiastical Parish of Chigwell and Chigwell Row as a registered charity
continues to be a "going concern" financially, paying its Parish Share in full and
meeting all other obligations. We continue to be indebted to members who give of
their time and money to maintain God's Church here in Chigwell and Chigwell Row.
Balance sheet position
The total net assets of the Charity at its balance sheet date were £511k (2023 £555k).
Of this total, £258k is held in restricted funds (including endowments) leaving £253k
in unrestricted funds (Including designated). General unrestricted funds being the
free reserves.
Within unrestricted funds, £195k is designated and £58k (2023 £62k) is general
unrestricted funds.
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The restricted fund includes £61k as a provision for remaining depreciation of fixed
assets over their estimated useful life to prevent the need to charge this sum to the
unrestricted fund each year.
The total cash balance at the year end is £307k. Some of the restricted and
designated funds are covered by investments of fixed assets, a remaining balance of
£275k is covered by cash, leaving cash reserves of £32k to cover unrestricted reserve.
John Barber
Treasurer
PARISH RESERVES POLICY
The Church is a faith community that relies principally on funding from its members
through direct and prayerful giving. Each Church maintains responsibility for its own
funds which requires it to raise sufficient income to meet its running costs and
additional sums for maintenance and development. It is the PCC'S policy for each
DCC to maintain, where possible, a balance of available general unrestricted funds in
cash and bank accounts, equivalent to three months, {25Yo) of annual unrestricted
and undesignated payments in order to cover emergency situations which may arise
from time to time. This has not been achieved at 31 December 2024.
Each Church maintains its own fabric fund for the upkeep of its buildings and has a
plan and policy for future refurbishment. All the Church buildings are at risk of
needing specialist repairs, possibly at short notice. It is hoped that the Churches can
make a transfer from unrestricted to designated funds each year to cover ongoing
repairs, although this is not always possible.
The Parish Share accounts for 22.3Yo of total expenditure and each Church pays
directly to the Diocese an agreed part of the share required from the Benefice. In
addition, a monthly contribution is made to the central PCC fund which is used to
cover Ministry Team and administrative expenses, parish outreach initiatives and
central expenses such as the cost of an Independent Examination.
The policy is to retain a balance in this central PCC fund approximately equal to
around two months, running costs. This also allows for a contingency for one-off
payments should the need arise. An annual budget is prepared and agreed by PCC
members each November to set contributions from the three Churches for the year
ahead. Payments outside of the budget are always approved by the PCC members.
Excess balances are returned to the contributing Churches at the end of each year.
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St Mary's Nursery is responsible for its own income and expenditure and reserves.
Government funding of early years childcare does control what the Nursery can
charge. Surpluses cannot be used for general Church purposes.
The Reserves of the Nursery currently only cover six weeks of fixed costs. The
Nursery Management Committee are aware of this and would like to increase
reserves to at least three months, costs.
Should one of the Churches be faced with an unforeseen issue adversely affecting its
f inances, the Trustees could consider reducing its contribution to the Diocese by way
of Parish Share. However, this would be seen as an act of last resort, given the effect
it would have on the Diocesan funds and its ability to maintain the number of
stipendiary posts.
Designatedfunds
All Saints, maintains separate designated funds for the upkeep of its Church rooms
and has liability for the upkeep of two residential flats, resulting in a higher
contingent reserve being held to cover unforeseen events. Funds are also held in
respect of donations and grants received specifically for Organ, Bell Tower, stained
glass and Churchyard repairs.
The PCC may designate additional unrestricted funds to be retained for an agreed
purpose where this is considered to be prudent.
Such designated funds are reviewed on an annual basis and returned to the general
unrestricted fund in the event that the purpose of their designation is no longer
considered to be adequate justification for their retention.
A description of each fund together with the intended use of the fund is set out in
note 11. At 31 December 2024, total designated funds were £195k (£227k in 2023).
Restrictedfunds
The Churches which comprise the PCC hold several restricted funds, totalling £258k at
31 December 2024 (£290k in 2023). A description of each fund together with the
specified use of the fund is set out in note 11.
The Trustees consider that all the operations are continuing and are viable, given the
current rate of income and expenditure.
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Risk Management statement
The PCC is responsible for the identification, mitigation and management of risk. To
achieve this, a register of all identified risks is required, together with a management
and mitigation strategy. This should be subject to review by the PCC on an annual
basis, with the responsibility for delivery of the mitigation strategies that it identifies
being delegated to the Churchwardens and reported to the PCC.
Risks
There are five generic principal areas where the risk of either failure to act or the
impact of the events is considered 'high'. These areas and the associated mitigation
strategies are:
Reduced Income:
Reduction in income from donors. This can be affected by donors being unable
to maintain their giving, moving away from the Church or passing away. All
three Churches have members who individually donate significant sums during
the year. Giving is recorded by the Treasurers who are the only Officers who
are aware of how much an individual gives and are able to report significant
variations to the DCCS, affecting decisions taken over discretionary spend.
However, like most Churches, many of the most generous givers are elderly
and their ability to maintain their current giving may not last.
The Churches have received two significant legacies in recent years a nd the
Trustees should regard this as an opportunity to promote the concept of
leaving a gift in a will.
Safeguarding:
Where a child or vulnerable adult may be being abused or mistreated, whether
by someone working for or on behalf of the church or in their wider
environment.
Each church has appointed a Safeguarding Officer who is re-elected at the
Annual District Church Meeting {ADCM) and ratif led by the PCC. Safeguarding
within the Church of England is a high-profile issue and a new safeguarding
dashboard is being introduced in 2025 to provide more detailed guidelines and
ensure compliance. Officers and members are only appointed formally to roles
Parish of Chlgwell & Chlgwell Row-Annual Report 2024
Pa8e 18

once they have been 'safely recruited, and completed the level of safeguard ing
training commensurate with the role.
Catastrophic Building Failure or Major Repairs
The Churches each hold insurance for all major risks to which the church is
exposed, including incidents resulting in damage to any buildings on site,
subject to the insurance being available at an economic price.
Each Church site is subject to a Quinquennial Inspection from an architect,
approved by the Diocesan Advisory Committee and appointed by the PCC, who
specifies repairs to be undertaken within the following f ive years.
Each Church maintains a thorough maintenance and renewal programme
based on the previous Quinquennial Report, as far as this is financially possible,
with major issues and regular preventative maintenance and servicing
prioritised,
Should a building become unusable for any reason, the PCC have contingency
plans that would enable regular worship in Church halls, and funerals or
weddings to be held in other Churches within the Parish.
Uncertainties
In addition to the risks identified above, in light of the Coronavirus Pandemic,
the PCC acknowledges continuing uncertainties in relation to the church's
operations in 2025. These include whether the number of church members
and visitors will be sustained and increase.
As a result of the Pandemic, the Churches now have ways to service those who
cannot attend Church services and prefer to worship online and attendances
are increasing in both special and weekly services. Midweek Morning prayer is
generally on Facebook, allowing those who are housebound to attend.
The PCC and DCCS are continually looking at new ways of embedding lessons
learned during Covid into the way it operates and for attracting donations, and
all have contactless card readers available. Most regular members give by
standing order which further protects income streams should it not be possible
to meet face to face for a period. The introduction of wifi in Churches will
permit the development of live streaming of worship, including "life event"
services in the future.
Parlsh of Chigwell & Chigwell Row- Annual Report 2024
Page 19

The PCC Secretary ensures compliance with GDPR regulations and the Parish's
own GDPR policy, and promotes good data security to limit the potential for
cybersecurity "hacking" and to ensure back-ups of key data are available in the
event of a catastrophic event. Only key individuals hold sensitive data on
personal computers and on a "need to have" basis. All Church computers are
protected by up-to-date antivirus software and members are instructed not to
open suspect emails or anything that may compromise their data.
Each Church has proved that its key business can be transacted in online
meetings. Correspondence with external contacts and payment made by and
to them is mainly made electronically, reducing the need for in person
meetings, should this be necessary. The issuing of cheques is now rare and
only negligible expenses are paid in cash.
Church members are aware of the current worldwide political, economic and
security state of the world and have had policies and procedures in place
should it be necessary to evacuate or lock down a Church during an activity.
These policies should be reviewed and tested regularly.
Reputational
This is where the Church loses members and fails to gain new membership by
the actions it takes or does not take as appropriate. This could include, but is
not limited to, inappropriate religious teaching, inappropriate social media
activity, dangerous or dirty buildings, formation of cliques or groups within the
existing Church and lack of welcome and encouragement to those wishing to
develop, grow or maintain their faith.
Each Church provides regular training and team building for those on welcome
duties, follows the Church of England lectionary and invests in keeping its
buildings and grounds safe and clean for all users and acting promptly and
appropriately towards concerns raised. The Churchwardens keep a listening
watch for any signs of tension or unease within the Church family and attempt
to resolve situations.
Future plans
The Churches, primary future plan is to continue to provide ministry to those
who wish and services of worship to those who wish to join with others in
collective worship. The Churches also plan to develop more courses for those
who wish to develop their faith and groups to encourage Christians to meet
together to d iscuss theological issues.
Pa¥ish of Chigwell & Chigwell Row- Annual Report 2024
Page 20

The Nursery strives to grow and ensure that they attract new children to keep
its numbers at or close to the maximum permitted to maximise revenues.
The financial plans are:
to ensure that the Churches are maintalned In a safe state and that all
legal and compliance costs are met.
To pay the Parish share allocation in full.
To donate to Missions and Charities and fund opportunlties to bring
more people to faith
To develop the Church buildings as money permits to make them more
versatile. user friendly, disability compliant and generally used more. The
issue is that Church exists not Just on Sunday.
John Barber
Treasurer
Date
2£.1 66lLeTr2029
Par15h of ChlKwell & Chlgwell Row- Annual Report 2024
Page 21

Independent Examiner's Report to the Trustees / Members of the Parochial Church
Council of the Ecclesiastical Parish of Chigwell & Chigwell Row
I report to the trustees on my examination of the financial statements of the
Parochial Church Council of the Ecclesiastical Parish of Chigwell & Chigwell Row ('the
charity,) for the year ended 31 December 2024 which comprise the Statement of
Financial Activities, the Balance Sheet and related notes.
This report is made solely to the charity's trustees, as a body, in accordance with
section 145 of the Charities Act 2011. My work has been undertaken so that I might
state to the charity's trustees those matters l am required to state to them in this
report and for no other purpose. To the fullest extent permitted by law, I do not
accept or assume responsibility to anyone other than the charity and the charity's
trustees as a body, for my work, for this report, or for the opinions I have formed.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial
statements in accordance with the requirements of the Charities Act 2011 {'the Act,).
I report in respect of my examination of the charity's financial statements carried out
under section 145 of the Act and in carrying out my examination I have followed all
the applicable Directions given by the Charity Commission under section 145(5)(b) of
the Act.
An independent examination does not involve gathering all the evidence that would
be required in an audit and consequently does not cover all the matters that an
auditor considers in giving their opinion on the financial statements. The planning and
conduct of an audit go beyond the limited assurance that an independent
examination can provide. Consequently l express no opinion as to whether the
financial statements present a 'true and fair, view and my report is limited to those
specific matters set out in the independent examiner's statement.
Independent examiner's statement
Since the trust's gross income exceeded £250,000 your examiner must be a member
of a body listed in section 145 of the 2011.1 confirm that l am qualified to undertake
the examination because l am a member of ICAEW, which is one of the listed bodies.
I have completed my examination. I conf irm that no material matters have come to
my attention in connection with the examination giving me cause to believe that in
any material respect:
accounting records were not kept in respect of the charity as required by
section 130 of the Act; or
> the financial statements do not accord with those records; or
P&Tish of Chlgwell & Chigwell Row- Annu31 Report 2024
Page 22

> the financial statements do not comply with the applicable requirements
concerning the form and content of accounts set out in the Charities (Accounts
and Reports) Regulations 2008 other than any requirement that the accounts
give a 'true and fair view which is not a matter considered as part of an
independent examination.
I have no concerns and have come across no other matters in connection with the
examination to which attention should be drawn in this report in order to enable a
proper understanding of the financial statements to be reached.
Janine Mansfield FCA
Rickard Luckin Limited
First Floor, County House
100 New London Road
Chelmsford
CM2 ORG
Date: £Trl,.ItS
Parish of ChiBwell & Chigwell Row- Annual Report 2024
Page 23

PAROCHIAL CHURCH COUNCIL OF CHIGWELL & CHIGWELL ROW
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
Statement of Flnanclal Actlvllles
Forthe perlodfrom OlJanuary20241031 December2024
Unrestrlcted Designaled Reslrl¢ted
funds
funds
funds
Endowmenl
Total
fund5
funds
Income and endowments from: see note 3
Donatlons and legacles
Income from charltable actlvltles
156,371
67,205
loo
500
156,971
125.096
105,426
57.891
Other tradlng actlvltles
Investments
1,033
104.393
3,324
2,236
105
5,663
Total Income
227,933
60,225
104,893
105
393,156
Expendlture on:_ see note4
Ralslng funds
Expendlture on charltable actlvltles
Total expendlture
Net Income l{expendlturel resources before
transfer
493
246,914
70.632
116,823
434,369
247,407
70.632
116,823
434,882
(19,4741
(10,407)
{11,9301
105
141,7061
Transfers:
Gross transfers between funds- In
44,460
(29,7601
44,460
144,460)
Gross transfers between funds- out
(22,7261
8,026
Other iecognlsed galns I losses
Galnsllosses on Investment assets
(2,4431
12,4431
Net movemenl In funds
(4.7741
(33,1331
(3,904}
(2,3381
144,149}
Reconclllatlon of funds
Totalfunds broughtforward
Total funds carrled forward
62,357
228,130
111,772
153,219
555,478
57,583
194.997
107,868
150,881
511,329
Parlsh of Chigwell & Chigwell Row- Annual Report 2024
Pa8e 24

PAROCHIAL CHURCH COUNCIL OF CHIGWELL & CHIGWELL ROW
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2023
Stalement of Flnanclal Acllvltles
Forthe perfod from OlJanuary2023to 31 De¢ember2023
Unrestrlcted Designated
funds
funds
Restrlcted Endowment
Total
funds
funds
Funds
Income and endowments from: see note 3
Donatlon5 and legacles
Income from charltable activltles
140.661
61,685
5,040
24,894
54,272
99,349
1,861
167,416
115,957
104,389
Other tradlng actlvltles
Investments
6,675
2,084
90
8,849
Tolal Income
214,061
180,599
1,861
90
396,611
Expendlture on: _ see note 4
Ralslng funds
Expendllure on chailtable actlvltles
382
382
206,829
150.803-
16,496
374,128
Total expendlture
Net Income l (expendlturel resources belore
transfer
207211
150.803
116,496)
374,510
16,850)
29.796
(14,635)
90
22,101
Transfers:
Gross transfers between funds- In
4,763-
47.942-
52,705
152,7051
Gross transfers between funds- out
52,705
Other recognlsed galns I losses
Galnsllosses on Investment assets
6,043
6,043
.Net movement In funds
2.087
(18,146)
38.070
6,133
28,144
Reconclllatlon of funds
Totalfunds broughtforward
Total funds carrled forward
60,270
246,276
73,702
147,086
527,334
62,357
228,130
111,772
153,219
555,478
All activities are regarded as continuing,
The above statement includes all recognised gains and losses during the year.
The Notes to the accounts form part of the Financial Statements.
Parish of Chl8well & Chigwell Row- Annual Report 2024
Page 25

PAROCHIAL CHURCH COUNCIL OF CHIGWELL & CHIGWELL ROW
BALANCE SHEEf AT 31 DECEMBER 2024
Restated
Asat
Asat
Note
3111212024
3111212023
Flxed assets
TangibleAssets
Investments
90,967
100,329
99.892
102,668
202,580
Currenl ass•t$
Debtors
28,690
307,032
27,241
349,289
CashAtBankand In Hand
334722
3Th530
Uabllltles
Credltors: Arnounts Failing Due In One Year
io
15,689
23.812
1&689
23,812
Net current assels less currenl Ilabllllles
352,918
555,478
Total net assets lois Ilabllllles
511,329
R•pi88ent•d by
Unrestrlcted
67,583
194,997
107,868
150,881
62,357
228.130
111,772
153,219
Designated
Restrlcted
Endowment
Fund Tolalg
611.329
55S,478
Approved and signed on Behalf of the Church council by
Rev'd Charlie Kosla
Chair
Date
Parlsh ol Chlwell & Chlgwell Row- Report 2024
Pale 26

PAROCHIAL CHURCH COUNCIL OF CHIGWELL & CHIGWELL ROW
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Basis of preparation
Basis of accounting
These accounts have been prepared under the historical cost convention with
items recognised at cost or transaction value unless otherwise stated in the
relevant note{s) to these accounts, accordance with the Statement of
Recommended Practice: Accounting and Reporting by Charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the
st
UK and Republic of Ireland (FRS 102) issued on l January 2019 and with the
Financial Reporting Standard applicable in the United Kingdom and Republic of
Ireland (FRS 102).
The financial statements have been prepared to give a 'true and fair, view and
have departed from the Charities (Accounts and Reports) Regulations 2008
only to the extent required to provide a 'true and fair view,. This departure has
involved following'Accounting and Reporting by Charities: Statement of
Recommended Practice applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS 102) (Second Edition)'rather than the Accounting and
Reporting by Charities: Statement of Recommended Practice effective from
l April 2005 which has since been withdrawn.
They do not include the accounts of church groups that owe their affiliation to
another body, nor those which are informal gatherings of church members.
1.2 Going concern
At the time of approving the accounts the Trustees have a reasonable
expectation that the charity has sufficient reserves and that the charity is a
going concern.
Parish of Chigwell & Chlgwell Row- Annual Report 2024
Page 27

PAROCHIAL CHURCH COUNCIL OF CHIGWELL & CHIGWELL ROW
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024 {cont.)
Changes in basis of accounting
There have been no changes to the basis of accounting
Changes to previous accounts
There have been no changes to the previous accounts. However during 2024
the Parish moved to a common accounting software system in the cloud to
facilitate earlier consolidation of data. There are certain small differences
between the closing 2023 and opening 2024 figures following the import of the
five separate systems.
Accounting policies
2.1 Funds accounting
Funds held by the PCC are:
Unrestricted funds- general funds which can be used for PCC ordinary
purposes.
Designated funds - monies set aside by the PCC out of unrestricted funds for
specif ic future maintenance purposes or projects.
Restricted funds -
income from trusts or endowments which may be expended only on
those restricted objects provided in the terms of the trust or bequest;
donations or grants received for a specific object or invited by the PCC
for a specific object.
The funds may only be expended on the specific object for which they were
given. Any balance remaining unspent at the end of the year is carried forward
as a balance on that fund. They also include income for youthwork.
b)
Endowment funds- funds the capital of which must be maintained. only
income arising from the investment of the endowment may be used, either as
restricted or unrestricted funds, depending on the purpose set out in the terms
of the original endowment
Parish of Chlgwell & Chigwell Row- Annu31 Report 2024
Page 28

PAROCHIAL CHURCH COUNCIL OF CHIGWELL & CHIGWELL ROW
NOTES TO THE FINANCIAL STATEMENTS {continued)
FOR THE YEAR ENDED 31 DECEMBER 2024
2.2 Incoming resources
All incoming resources are accounted for gross.
Voluntary Income
Collections are recognised when received.
Planned giving receivable is recognised only when rèceived.
Income tax recoverable on Gift Aid donations is recognised when the donation
is received.
Grants and legacies are recognised when the PCC is legally entitled to the
amount due.
Income from investments
Interest is accounted for as it accrues.
All other income
All other income is recognised when it is receivable.
Gains and losses on investments
Realised gains are recognised when the investments are sold. Unrealised gains
and losses are accounted for on revaluation on 31 December.
2.3 Resources used
Resources expended are accounted for on an accruals basis and are accounted
for gross,
Grants and donations
Grants and donations are accounted for when paid over, or when awarded
where the award creates a binding obligation on the PCC.
Parish of Chigwell & Chigwell Aow- Annual Report 2024
Page 29

PAROCHIAL CHURCH COUNCIL OF CHIGWELL & CHIGWELL ROW
NOTES TO THE FINANCIAL STATEMENTS {continued)
FOR THE YEAR ENDED 31 DECEMBER 2024
Church Activities
The diocesan parish contribution is accounted for when paid. Any parish
contribution unpaid at 31 December is provided for in these accounts as an
operational (though not a legal) liability and is shown as a creditor in the
balance sheet.
2,4 Fixed Assets
Tangible Fixed Assets
The Charities SORP 2015 and Church of England Guidance to PCCS (4th edition)
require all non-consecrated buildings to be capitalised as fixed assets in the
balance sheet. The church land and buildings cost element in the note records
the works carried out on non-consecrated buildings within the sites.
Consecrated and beneficed property of any kind is excluded from the accounts
by s.10 of the Charities Act 2011.
Movable church furnishing held by the Vicar and Churchwardens on special
trust for the PCC and which require a faculty for disposal, are accounted as
inalienable property unless consecrated. They are listed in the church's
inventory which can be inspected. For inalienable property acquired prior to
2021 there is insufficient cost information available and therefore such assets
are not valued in the accounts. Individual items acquired since January 2021
have been capitalised in the accounts and depreciated over their useful
economic life.
Depreciation of fixed assets is 4 years in respect of ICT Equipment, 5 years for
Furniture and 10 years for building and site improvements.
Investments
I nvestments are stated at market value at the balance sheet date.
Parish of Chigwell & Chigwell Row- Annual Report 2024
Page 30

PAROCHIAL CHURCH COUNCIL OF CHIGWELL & CHIGWELL ROW
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31 DECEMBER 2024
2.5 Current Assets
Amounts owing to the PCC at 31 December in respect of fees, rents or other
income are shown a debtor less provision for amounts that the PCC believes
may prove uncollectible.
Short-term deposits include cash held on deposit either with the CBF Church of
England Funds, or at the bank.
2.6 Current Liabilities
Current liabilities represent invoices outstanding at the year end for utilities
and other costs, relating to 2024 but which were not paid until 2025.
Parlsh of Chigwell & Chl8well Row- Annual Report 2024
Page 31

PAROCHIAL CHURCH COUNCIL OF CHIGWELL & CHIGWELL ROW
NOTES TO THE FINANCIALSTATEMENTS (continued)
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2023
Unrestrlcted
Designated
Restrlcled
Total
Total
3. Income and endowments
3.1 Donatlons and Lega¢les
Planned Élvlng
Servlce Collectlons
91,567
91,567
12,542
93,650
12,250
12.542
Glft Days
Sundry donatlons
Income tax recoverable
11,576
25,015
11,576
25,015
26,497
23,993
5,000
6,026
Grants
loo
500
600
Legacles
Total donallons & legacles
15,671
15,671
156,371
loo
500
158,971
167,416
3.2 Charltable Actlvltles
Bookstall
Church & Hall lettlng
Fees from Ilfe events
46,798
10,303
46,891
93,689
10,303
81,423
13,176
488
Pailsh Magazlne
Telecom Mast fees
9.213
50
11,000
20,213
50
19,584
1,286
Other Income
Total charltable actlvltles
67.205
57,891
125,096
115,957
3.3 Otherlradlng actlvltles
Fetes and fundralslng
Incomefrom Nurseiyschool
Other Income
1,033
620
1,653
103,773
1,138
99,349
3,902
103,773
1,033
104,393
105,426
104,389
3.4 Investments
Dlvldends and Interest
3,324
2,234
105
5,663
8,849
Total Income & endowments
227,933
60.225
104,998
393,156
396,611
Parish of Chi8well & Chigwell Row- Annual Report 2024
Page 32

PAROCHIAL CHURCH COUNCIL OF CHIGWELL & CHIGWELL ROW
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2023
reslrlcted
Designated
Restrlcted
Total
Total
4 Expendlture
4.1 Fundraislng Costs
493
493
382
4.2 Charltable Actlvllles
Mlsslon & Chailtable
givlng
Diocesan Parlsh
Conlrlbutlon
Other Clergy & Mlnlstry
costs
7,508
7,508
7,251
105,099
105,099
112,119
26,444
26,444
18,597
Church runnlng costs
Repalrs and
malntenance
24,467
24.467
18,298
43,718
6,278
49,996
36,281
Upkeep of servlces
6,508
6.508
4,004
Upkeep ofchurchyard
1,990
2,940
4,930
1,075
Chlldren's Mlnlstry
333
333
169
Hall runnlng costs
15,337
60.371
75.708
49,392
Nursery costs
97,595
97,595
96,160
Llfe event fees
1,773
Depreclatlon
2.976
938
17,957
21,871
15,863
Admlnlstratlon costs
11,865
105
11,970
10,029
Other Costs
Total Charltable
actlvltles
1,002
938
1,940
3,117
246.914
70.632
116,823
434,369
374,128
Total expendlture
247.407
70,632
116,823
434,862
374,510
Administration costs include the costs of independent examination was £3,700 (2023
£2,825).
Parish of Chlgwell & Chi8well Row- Annual Report 2024
Page 33

PAROCHIAL CHURCH COUNCIL OF CHIGWELL & CHIGWELL ROW
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31 DECEMBER 2024
Staff Costs
2024
2023
Wages and Salaries
Salary
Social security costs
Pension costs
86,960
78,520
Total
86,960
78,520
No staff receive a total benef it of more than £60,000.
During the year, St Mary's Nursery employed staff in accordance with the
number of children attending. The Nursery is registered with HMRC and deals
with its own tax and National Insurance affairs. It is classified as a small
business for National Insurance purposes and therefore receives discount to
cover its employers National Insurance charges. No member of staff receives a
pension benefit.
The Clergy team are employed by Chelmsford Diocese. They do claim travel
and other Ministry costs from the PCC. In 2024 these amounted to £1,371.
All Saints, uses the services of a part time administrator, mainly to deal with
hall bookings. All Churches employ Hall cleaners. However these are all self-
employed and are responsible for their own tax affairs and are paid on the
production of an invoice.
Donations from Trustees
The Trustees are all regular worshipers within the Parish and as such make
regular gifts towards the running of the Church. In 2024 these amounted to
£38,380.
Parish of Chigwell & Chigwell Row- Annual Report 2024
Page 34

PAROCHIAL CHURCH COUNCIL OF CHIGWELL & CHIGWELL ROW
NOTES TO THE FINANCIALSTATEMENTS (continued)
FOR THE YEAR ENDED 31 DECEMBER 2024
Payments to PCC members
The Secretary of the Parish is a self-employed PA but is contracted to supply
administrative support to the Rector and the Churches as required. She is, by
nature of her role, a member of the PCC and Trustee of the Charity. She is also
a Licensed Lay Minister (LLM) to the Parish.
She is not paid for the hours of attending PCC meetings or events or her duties
as an LLM but is reimbursed her expenses. Total paid in the year was £17,483.
(2023 £11,282). She also claimed travel expenses between her home and the
Churches she was working at and other expenses of £1,842 (2023 £999).
Other PCC members receive reimbursement of purchases incu rred for the
Church such as maintenance materials and consumable supplies. No one else
claims mileage or personal costs relating to Church business (2023 nil) but no
other PCC member receives any remuneration for being a PCC member.
The Deputy Manager of St Mary's Nursery is the daughter-in-law of the
Churchwarden of St Mary's for which she receives a salary. Mrs Austridge Snr
provides support to the Nursery but receives no payment for this.
The Rector is a Member of the Nursery Management Committee. This is part
of his role as Rector and he receives no remuneration from the Nursery. The
All Saints, Administrator is the wife of Mr Worth, a Churchwarden and
Safeguarding Officer of All Saints,.
Parish of Chigwell & Chl8well Row- Annual Report 2024
Page 35

PAROCHIAL CHURCH COUNCIL OF CHIGWELL & CHIGWELL ROW
NOTES TO THE FINANCIAL STATEMENTS {continued)
FOR THE YEAR ENDED 31 DECEMBER 2024
Tangible Fixed Assets
The Church buildings are owned by Chelmsford Diocese and therefore not carried at
value within the Church accounts.
Property &
Flxlures
Furnlture &
Flttlngs
Audlovlsualand
ICT
Total
Cosl
At I"January2024
86,845 ,:
5.256
34,558
126,659
Addltlons In year
2,720
4,356
5,871
12,947
At 3151 December 2024
89,565
9,612
40,429
139,606
Depreclallon
At 1° January2024
9,560
1.595
15,612
26,767
Addltlons In year
11,404
1,143
9,324
21,871
At 31" December 2024
20,965
2,738
24,936
48,638
Nel bookvalue
I" January2024
77,285 i
3,661
18,946
99,892
31Jt December 2024
68,600
6,874
15,493
90,967
Investments
Restated
st
Market value l January 2024
Net gain and revaluation
102,668
(2,443)
5t
Market Value as at 31 December 2024
100,329
Some investments held with CCLA have been reclassif led as Cash at bank as these
receive interest rather than dividends and are not subject to market fluctuations.
Parish of Chlgwell & Chigwell Row- Annual Report 2024
Page 36

PAROCHIAL CHURCH COUNCIL OF CHIGWELL & CHIGWELL ROW
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31 DECEMBER 2024
Analysis of net assets by fund
Unrestrlcted
Designated
Restrlcted &
Endowmenl
Total
2024
Total
2023
Flxed Assels
30,210
60,757
90,967
99,892
Investments
100,329
100,329
102,668
Current Assets
73.272
164.787
97.663
335.722
376,530
Current Ilabllltles
(15,6891
(15,6891
{23,6121
Total
57,583
194,997
258,749
511,329
555,478
Debtors receivable within one year
2024
2023
Income tax recoverable
Prepayments and accrued income
15,321
13,369
14,230
13,011
Total
10 Creditors and amounts payable within one year
Accruals for utilities and other costs
Parish of Chlgwell & Chigwell Row- Annual Report 2024
Pa8e 37

PAROCHIAL CHURCH COUNCIL OF CHIGWELL & CHIGWELL ROW
NOTES TO THE FINANCIAL STATEMENTS {continued)
FOR THE YEAR ENDED 31 DECEMBER 2024
11
Statement of Funds
Brought
Forward
Incornlng
resources
Resources
Expended
Transfers
Inl(out)
Galnsl
Ilossesl
Carrled
Forward
Designated
All Salnts,
FabTlc related
4,142
loo
14,053)
8,500
8,689
Lee legacy
38,312
40,256
Hall fund
9,853
47.181
(24,0031
124,0001
9,031
Hall flre alarm
10.800
1.800
12,600
Hall projects
6,399
14271
200
6,172
Hall Fabrlc fund
8,152
(5,7601
6,000
8,392
Sl Mary'$
Fabrlc fund
66,235
66,235
St Wlnlfred's
Fabrlc fund
73,034
11,000
(36.389)
(4,0231
43,622
Sl Mary's Nursery
11,203
111,203)
Total
228,130
60,225
170,6321
122,726)
194,997
All Saints, maintains a Fabric fund for Church repairs. They also have responsibility to
upkeep the hall which is a Victorian vicarage which has been extended and includes
two flats let for residential purposes on a commercial basis. They maintain a fund to
cover running costs of their hall, a Fabric fund for regular cyclical maintenance, a fund
to which they have been contributing each year to replace the Hall Fire alarm and a
fund to cover Hall improvements.
St Mary's and St Winifred's maintain Fabric funds to upkeep their Churches.
Parlsh of Chigwell & Chigwell Row- Annual Report 2024
Pa8e 38

PAROCHIAL CHURCH COUNCIL OF CHIGWELL & CHIGWELL ROW
NOTES TO THE FINANCIAL STATEMENTS {continued)
FOR THE YEAR ENDED 31 DECEMBER 2024
St Mary's Nursery operates its own account and its accumulated reserve is shown
here.
General Funds
Brought
Forward
211
Incomlng
resources
50,017
Resources
Expended
148.748)
Transfers
Inlloutl
(1,260)
Galnsl
Ilossesl
Carrled
Forward
220
Al( Salnts,
St Mary's
26,833
113,702
(118,199)
(5,040)
17,296
St WlnSfred's
33,891
63.340
148,961}
(8.760)
39,510
PCC Central
1,422
874
131,499}
29,760
557
Total
62,357
227,933
247,407
14,700
57,583
Total Unrestrlcted &
designated lunds
290,487
288,158
(318,039}
(8,026)
252,580
These funds are available for general Church use.
Restricted and Endowment Funds
Brought
Forward
Income
Expendlture
Transfers
Galnsl
Losses
Carrled
Forward
All Salnt$'
Investments- Endowment
3,660
105
Fabrlc Flxed Assets reserve
5,104
(560)
4,544
Lee asset reserve
47,212
{11,829)
35,383
Hall project asset reserve
45,272
15,527)
39,745
Charliy donatlons
22
22
Tarman fund
950
19131
37
Youth fund
4,165
4,165
St Mary'5
Investments- Endowment
149.559
{2,4431
147,116
Parlsh of Chigwell & Chigwell Row- Annual Report 2024
Page 39

PAROCHIAL CHURCH COUNCIL OF CHIGWELL & CHIGWELL ROW
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31 DECEMBER 2024
Brought
Fonvaid
Income Expendlture
Transfers
Galnsl
Losses
Carrled
Forward
St Wlnlfred's
Fabrlc
3,688
4.003
7,671
Youth
5,359
5,359
PCC CentralGrant
500
142
St Mary's Nursery
104,393
197,6361
4,023
10,760
Total restrlcted funds
264,991
104,998
(118,8231
8,026
(2,443)
258,749
St Mary's and All Saints, have historic investment funds which can only be used for
very specif ic Church purposes.
All Saints, maintains a significant amount of Fixed assets which are capitalised and
depreciated. To avoid the need to budget for depreciation in future years, a fund was
set up by way of transfer f rom the fund covering the asset to cover future years
depreciation.
All Saints, was also given money in memory of a recently deceased member and also
for other Charities. The balance shown is the amount unspent at the year end.
All Saints, and St Winifred's each received a grant several years back which was only
to be used for youth development. This has yet to be fully used.
St Winif red's received a restricted donation within the last few years, specif ically for
fabric upgrade.
The PCC received a grant in the year to support the Licensed Lay Minister to develop
her training. Not all the costs have yet been incurred.
St Marys's Nursery funds can only be used for the work of the Nursery. They are
shown as restricted funds, having previously been reported as designated.
Financial Management of each Church is delegated to the District Church Councils. At
the end of each year, they may decide to make transfer between funds. In particular
the All Saints, Hall account generally makes a healthy surplus, some is used to support
the Church, other money is transferred to cover future repairs.
Parlsh of Chigwell & Chigwell Row- Annual Report 2024
Page 40

PAROCHIAL CHURCH COUNCIL OF CHIGWELL & CHIGWELL ROW
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31 DECEMBER 2024
Summary of Funds
Brought
Forward
lJan24
62.357
Incomlng-r Resources
resources
Expended
Transfers
Galnsl
Inl(out) | (losses}
14,700
Carrled
Fo￿ard
31 Dec 24
57,583
Unreslrlcted
227,933
{247,407)
Designated
228,130
60,225
170,632)
{22,726}
194,997
Restrlcted &
Endowment
264,991
104,998
1116,8231
8,026
12,4431
258,749
Total
555,478
393.156
(434,862)
12,443)
511.329
12. Related party transactions.
During the year, the Trustees donated £38,380 to the Parish by way of their giving.
Mrs Sandie Forshaw is a self-employed secretary providing services under the trading
name of Fair Havens. During the year she received £17,483 (2023: £11,282) for
services provided and £1,843 in relation to expenses. (2023 £999)
No other Trustee received any direct fee or expenses.
Par15h of Chigwell & Chi8well Row- Annual Report 2024
Page 41