THE PAROCHIAL CHURCH COUNCIL OF THE GOOD SHEPHERD, COLLIER ROW
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THEYEAR ENDED 31 DECEMBER 2024
Charity No.. 1134080

THE PAROCHIAL CHURCH COUNCIL OF THE GOOD SHEPHERD. COLLIER ROW
Charity No.. 1134080
Incumbent
Vacancy
Honorary Treasurer
Mr T Nudds
Parish Office
3 Redriff Road
Collier Row
Romford
Essex
RM7 8HD
Bank
Barclays Bank PIC
36138 South Street
Romford
Essex
RMI 1RH
Independent Examiner
Ms K T Lee, FCMA
Mawney Accountancy
1 Beech Street
Romford
Essex
RM77LA
Page I

THE PAROCHIAL CHURCH COUNCIL OF THE GOOD SHEPHERD. COLLIER ROW
Charity No.. 1134080
The PCC presents its report with the Accounts of the Church
for the year ended 31 December 2024
Principal Activities and Governing Documents
The principal activity in the year under review was that of a Parochial Church Council to a Church of
England Parish Church. The Church of England and its parishes are exempted charities" The PCC
(Powers) Measure 1956 states that the PCC is to co-operate with the minister in promoting in the
parish the whole mission of the church, pastoral, evangelistic, social and ecumenical"
Objectives and Activities in the year
Year 2024 was a challenging but exciting year. Challenging because Rev Canon David Hague who had
led the church for 15 years retired in May. The announcement of his intention to retire was announced
in January and that triggered what can be described as the Holy Spirit bringing forth the gifts and talents
that had been deposited in individual worshippers over the years. To the glory of God, the church has
experienced growth in many respects within the period under review. Pleas8 permit us to specifically
acknowledge the invaluable contribution of our Associate Minister Rev Keith Turner along with his wife,
Ruth in ensuring a sustainable plafform for continued mission and ministry at COGS.
Our mid-week programmes continued to reach out to target groups in church and the community. By
His grace, we were able to sustain the following ministries within the church building during the period
under review..
starllght Toddlers- Ministry to young children and their families
Destlny - outreach to youth in the community
Seekers (Formerly Soyanna) - Faith Exploration Community
Care & Share - Ministry to senior citizens
The Meetlng Place - Offers refreshments and an opportunity to chat to people on any of life's
ISSU8S Post COVID
Sunbeams - Ministry to parents of children with additional needs
Klngdom Builders - Ministry to children from church and the community using Lego models
to represent Bible story learnt
Kimbilio - Ministry group of sewers dedicated to supporting street children in th8 Dernocratic
Republic of Congo
Parochial Church Councll Employees
During the year the PCC employed the following staff:
Ruth Turner - Parish Coordinator
Emma Hills- Children & Families Worker
Page 2

THE PAROCHIAL CHURCH COUNCIL OF THE GOOD SHEPHERD, COLLIER ROW
Charity No: 1134080
Membership of the PCC
The Annual Parochial Church Meeting was held on 22 April 2024. At this meeting, the PCC reports on
its activities and presents its accounts. Members are then elected to the PCC by those on the Electoral
Roll in accordance with the Church Representation Rules.
The following people served on the Council during 2024:
Evans Ofoajoku
Chair, Churchwarden and Deanery Synod Memb8r
(re-elected April 2023 - April 2026)
Associate Minister
Keith Turner
Yvonne Johnson
Churchwarden
(re-elected April 2024 - April 2025)
PCC Secretary (since April 2024)
(re-elected April 2024 - April 2027)
Treasurer (April 2018 - Date)
(re-elected April 2024 - April 2027)
D8anery Synod Member
(r8-elected April 2023 - April 2026)
Parish Safeguarding Officer (since July 2024),
Deanery and Diocesan Synod Member
(re-elected April 2023 - April 2026)
(April 2023 April 2026)
(April 2022- April 2025)
(April 2022- April 2025)
(April 2023 April 2025)
(April 2023 - April 2026)
(April 2024 - April 2027)
Ruth Buckley
Tim Nudds
Jason Frost
Lesley Judd
Edith Brown
Ruth Turner
Terry Hollick
Joyce Perry
Bolu Oluyanwo
Julie Frost
The PCC has met eight times this year. Five of these were PCC meetings, and three were extraordinary
meetings to discuss the Parish Profile and the vacancy.
PCC meetings were held on:
1 Oth June 2024
23rd September 2024
11th November 2024
13th January 2025
1 Oth March 2025
Extraordinary meetings were held on:
15th July 2024
19th August 2024
5th January 2025
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THE PAROCHIAL CHURCH COUNCIL OFTHE GOOD SHEPHERD. COLLIER ROW
Charity No.. 1134080
Committees
The PCC has continued to develop the functioning of sub-committees, in order to involve more people,
including both PCC members and other church members, to increase resilience and improve
succession. In this way we are less dependent on particular individuals. The following sub-committees
exist to assist the PCC:
Standing Committee: This is the only committee required by law. It has the power to transact the
business of the PCC between its meetings, subject to any directions given by the Council. Evans
Ofoajoku (Chair), Yvonne Johnson, Tim Nudds, K8lth Turner and Ruth Buckley.
Parish Profile: This group was set up to create the Parish Profile, before bringing it back to the full
PCC for feedback and finalisation. The team consisted of: Evans Ofoajoku, Terry Hollick, Jason Frost,
Julie Frost. Th6 PCC thank them for all the hard work they did in completing the Profile.
Flnance Team: This committee works through the details of the church finances. The finance team
consists of Tim Nudds, Evans Ofoajoku and Yvonne Johnson.
Deanery Synod: Three members of the PCC sit on the deanery synod - Jason Frost, Le51ey Judd and
Evans Ofoajoku. This provides the PCC with an important link between the parish and the wider
structures of the church. Lesley Judd also attended the Diocesan Synod as well as Bishop's Council.
Misslon Actlon Group (MAG): This committee oversees the giving away of at least 10% of the income
derived from the Church during the financial year. The team consists of Sue Baul {lead), Carol Phillips,
Tim Venton, Roger Whipp, Peter Egbedeyi. Lesley Judd was on the team until November 2024 but has
now been replaced by Joyce Perry as the PCC representative. We thank Lesley for the commitment
she gave to this group.
Hospltallty Team: This team are on hand for the main hospitality requirements of the church. The
team is headed up by Yvonne Johnson, supported by Sue Baul, Edith Brown, Joyce Perry, Mal Byrne
and Jean Anderson. The PCC appreciate5 the invaluable contribution they make.
The Electoral Roll: Ruth Turner is our Electoral Officer. Details with regard to our Electoral Roll can
be found in the full APCM Report.
Along with normal business rnatters, which include finance, buildings, MAG, safeguarding; key
discussion points of the year were:
The vacancy and the Parish Profile
Including the upkeep of the Vicarage and garden while in vacancy
The continuation of livestreaming services
Health and Safety Policy
Updated safeguarding procedures
Page 4

THE PAROCHIAL CHURCH COUNCIL OFTHE GOOD SHEPHERD, COLLIER ROW
Charity No: 1134080
Financial Activities". The PCC is responsible for keeping proper accounting records. The reports
disclose with reasonable accuracy at all times the financial position of the church, and which ensures
that the financial statements comply with the Charities Act 1993 and the regulations issued in 1995 and
2000, revised in 2005. This report has been produced according to guidance dated 2006 issued by the
Archbishop's Council of the Church of England. The PCC is responsible for safeguarding the assets of
the Church and hence for taking reasonable steps for the prevention and detection of fraud and other
irregularities. The finance position is tracked every month and reports produced for PCC consideration
at every meeting. Needless to say, Finance is a standing item on PCC agenda. The financial activities
of the PCC are set out in the attached financial statements.
Ongoing Financial Commitments
At the date of the report, the PCC confirms that each fund has sufficient assets to fulfil its obligations.
Taxatlon Status
The PCC is an exempt charity for taxation purposes as a church defined as a place of worship under
the Places of Worship Act 1855.
Flnanclal Revlew
2024 was another tough year. The PCC set a deficit budget and presented our goals to God. As in
previous years, He showed us again that He is Jehovah Jireh - Alleluial As you can see from the
reports, we ended the year on a surplus.
The regular giving income was £193,077 with total expenditure of £181,520, representing .8 % and
1.30k increases in income and expenditure respectively.
Reserves Pollcy
It is PCC policy to try to maintain a balance on free reserves (net current assets) which equates to
three months, unrestricted payments. This is equivalent to £45,296. The purpose is to absorb any
fluctuations in cash flow and to meet emergencies. The balance of the free reserves at year end was
£203,518 (General Fund), which is higher than the target.
Evans Ofoajoku (Ch
Date:
rchwarden)
Yvonne Johnson (Churchwarden)
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THE PAROCHIAL CHURCH COUNCIL OF THE GOOD SHEPHERD, COLLIER ROW
Charity No.. 1134080
INDEPENDENT EXAMINER'S REPORT
I report to the trustees of the PCC on my examination of the accounts for the year ended 31 December
2024, which are set out on pages 7 to 15.
Res
ective res
onsibilities of the PCC and the Examiner
The charity's trustees are responsible for the preparation of the accounts.
The charity's trustees consider that an audit is not required for this year under section 144(2) of the
Charities Act 2011 (the 2011 Act) and that an Independent Examination is needed. l am qualified to
undertake the examination by being a member of The Chartered Institute of Management Accountants.
It is my responsibility to:
Examine the Accounts under section 145 of the 2011 Act;
Follow procedures laid down in the general directions given by the Charity Commissioners
under section 145(5)(b) of the 2011 Act; and
Stat8 wh8th&r particular matters have come to my attention.
Basls of thls Re
ort
My examination was carried out in accordance with the General Directions given by the Charity
Commission. An examination includes a review of the accounting records kept by the charity and a
comparison of the accounts presented with those records. It also includes consideration of any unusual
items or disclosures in the accounts and seeking explanations from you as trustees concerning any
such matters. The procedures undertaken do not provide all the evidence that would be required in an
audit, and consequently no opinion is given as to whether the accounts present a 'true and fair, view
and the report is limited to those matters set out in the statement below.
Inde
endent Examlner's Statement
In connection with my examination, no material matters have come to my attention in connection with
examination
1. giving me reasonable cause to believe that in any material respect the requirernents:
to keep accounting records in accordance with Section 130 of the 2011 Act; and
to prepare accounts which accord with the accounting records and comply with
aGcounting requirements of the 2011 Act have not been met; or
2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the
account5 to be reached.
Ms K T Lee, FCMA
Mawney Accountancy
18eech Street
Romford
Essex
RM7 7LA
Signed:
Date:
Ik /LE Izs
Page 6

THE PAROCHIAL CHURCH COUNCIL OF THE GOOD SHEPHERD, COLLIER ROW
Charity No: 1134080
STATEMENT OF FINANCIAL ACTIVITIES
For the Year ended 31 December 2024
General
D8slllnated
Funds
Restrlcted
Total
2024
Total
Funds
Funds
2023
Nol¢$
INCOME
Voluntary income
AGtivilies for generating funds
Income from investments
Church activities
Other incoming resources
2a
2b
2G
2d
164,175
2,000
166,175
160,329
21,336
7,132
434
21,336
7,342
951
18,596
9,765
2,821
210
517
TOTAL INCOME
193,077
2,727
195,804
191,512
EXPENDITURE
Church activities
Costs of raising funds
181,520
866
4,948
187,334
178,922
3b
TOTAL EXPENDITURE
181,520
866
4,948
187,334
178,922
NET INCOMEIEXPENDITURE
11,557
1,861
4,948
8,470
12,590
TRANSFER BETWEEN FUNDS
2,554
2,554
NET MOVEMENT IN FUNDS
14,111
693
4,948
8,470
12,590
Total funds bought forwards
(excluding Fixed Assets)
Total funds carried forward
(excludina Fixed Assets)
189,406
2,037
5,207
196,650
203,517
1,344
259
205,120
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THE PAROCHIAL CHURCH COUNCIL OF THE GOOD SHEPHERD, COLLIER ROW
Charity No: 1134080
BALANCE SHEET
as at 31 December 2024
2024
2023
Not•s
FIXED ASSETS
Tangible fixed assets
433,555
432,622
CURRENT ASSETS
Debtors and Prepayments
Short term deposits
Cash at bank and in hand
6,914
122,991
63,318
193,223
6,101
118,358
63,846
188,304
LIABILTIES
Creditors: amounts falling due within one year
7,600
10,218
NET CURRENT ASSETSI(LIABILITIES)
185,623
178,086
TOTAL ASSETS LESS CURRENT LIABILITES
619,178
610,708
PARISH FUNDS
Unreslricted Funds
Designated Funds
Designated Fixed Asset Funds
Restricted Funds
203,517
1,344
414,058
259
189,406
2,037
414,058
5,207
619,178
610,708
Approved by the Parochial Church Council on 1410412025 and signed on its behalf by
Signed
Evans Ofoajoku (Church
Signed
Yvonne Johnson Ichurchwarden)
arden)
Page 8

THE PAROCHIAL CHURCH COUNCIL OF THE GOOD SHEPHERD, COLLIER ROW
Charity No: 1134080
Notes to the Financial Statements
for the year ended 31 December 2024
1. ACCOUNTING POLICIES
Accounting Convention
The PCC is a public entity within the meaning of FRS102. The financial statements have been prepared
under the Charities Act2011 and in accordance with the Church Accounting Regulations 2006
governing the individual accounts of PCCS and with the Regulations true and fair view" provisions.
They have been prepared under FRS102 (2016) as the applicable accounting standards and the 2016
version of the Statement of the Statement of Recommended PractlGe. Accounting and Reporting by
Charities (SORP(FRS102)).
The financial statements have been prepared under the historical cost convention except for investment
assets which are shown at market value. The financial statements include all transactions, assets and
liabilities for which the PCC is responsible by law. They do not include the accounts of church groups
that owe their affiliation to another body, nor those that are informal gathering5 of church members.
b. Fund accountlng
Funds held by the PCC are:
Unrestricted funds are income funds which are to be spent on the PCC'S gen8ral purpos8S.
Deslgnated funds are general funds set aside by the PCC for us8 in the future. Project funds are
designated for particular projects for administration purposes only. Funds designated as invested in
fixed assets for the PCC'5 own use are abated in line with those assets, annual depreciation charges in
the SOFA. Designated funds remain unrestricted and the PCC will move any surplus to other general
funds.
Restrlcted funds comprise (a) income from trusts or endowments which is to be expended only on
the restricted purposes intended by the donor and (b) revenue donations or grants for a specific PCC
activity intended by th6 donor. Any balance remaining unspent at th6 end of the year is carried forward
as a balance on that fund.
Incoming Resources
Voluntary Income
Collections are recognised when received.
Planned giving receiving is recognised only when received.
Income tax recoverable on Gift Aid donations is recognised when the income is recognised.
Grants and legacies are recognised when the PCC is legally entitled to the amount due.
Income fmm Investments
Dividends are accounted for when due and payable. Interest entitlements are accounted for as they
accrue.
All Other Income
All other income is recognised when it is receivable.
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THE PAROCHIAL CHURCH COUNCIL OF THE GOOD SHEPHERD. COLLIER ROW
Charity No: 1134080
d. Resources Used
Resources expended are accounted for on an accruals basis and are accounted for gros5, apart from
independent reviewer's remuneration and accountancy and grants and donations which are accounted
for when paid over, or when r8warded where the award creates a binding obligated on the PCC.
Support costs are apportioned to activities in proportion to the estimated proportion of time spent on
those activities by the Parish Administration.
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.
Assets
Consecrated and beneflce property
In so far as consecrated and benefice property of any kind is excluded from the statutory definition of
'charity' by Section 10(2)(a) and (c) of the Charities Act 2011 such assets are not capitalised in the
financial statements.
Moveable church furnlshing
Moveable church furnishings are not included in the accounts unless sufficient cost information is
available, but all items are included in the Church's inventory.
Tangible FixedAssets used by Charltyi
All expenditure on consecrat8d or benefice buildings and other fixed assets costing under £1,000 are
written off in the year they are incurred.
The freehold land and buildings held during the year consists of the rental property at 470 Mawney
Road and the Church Hall.
No depreciation is provided on buildings as the currently estimated rèsidual value of the properties is
not less than their carrying value and the remaining useful like of these assets currently exceeds 50
years, so that any depreciation charges would be immaterial. An impairment review is carried out at
each year-end and any resultant loss identified included in expenditure for the year.
Short Term Deposits
These are the cash held on deposlt either with the CCLA or 8t the bank.
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THE PAROCHIAL CHURCH COUNCIL OF THE GOOD SHEPHERD, COLLIER ROW
Charity No.. 1134080
2. INCOME
General
Funds
Designated
Funds
Restricted
Funds
Total
2024
Total
2023
a. Voluntary Income
Regualr Giving
other giving - Sum Up
Parish Giving Scheme
Loose plate collections
Special collections
Tax recoverable on Gift Aid
Legacies
Grants
56,492
9,898
56,541
10,666
56,492
9,898
56,541
10,666
53,717
6,941
59,051
12,074
944
26,652
27,680
2,898
27,680
4,898
2,000
950
160,329
164,175
2,000
166,175
b. Activlties for generating funds
¢. Income from investments
Bank and building society interest
Income from rental prop8rty
6,936
14,400
21,336
6,936
14,400
21,336
5,696
12,900
18,596
d. Incom8 from charitable activities
PCC Fees for weddings, funerals and other
Church hall letlings
Youth - Ignite
Youth - Destiny
C&F - Starlight
Boxercise
Refresh {Woinen)
Care & Share
811
1.000
43
811
1,000
43
827
4,712
80
2,041
45
1,843
1,843
265
3,170
7,132
265
3,380
7,342
210
210
2,061
9,765
e. Other Incomlng resourGes
Income Generation
MisGellaneous income
Administralion
521
2,230
70
2,821
434
517
951
434
517
951
193,077
2,727
195,804
191,512
Planned giving, collections and similar donations are recognised when received. Tax refunds are recognised when
the incoming resource to which they relate is received. Grants and legacies are accounted for when the PCC is
entitled to use of the resources, their ultimate receipts 15 considered reasonably certain and the amounts due are
reliably quantifiable. All incoming resources are accounted for gross.
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THE PAROCHIAL CHURCH COUNCIL OF THE GOOD SHEPHERD, COLLIER ROW
Charlty No: 1134080
3. EXPENDITURE
General
Funds
Deslgnated
Funds
Restrlcted
Funds
Total
2024
Total
2023
a. Church activities
M ission and Oulreach
Miiiistry costs.. Diocesan Parish Share
Other ministry costs
Salaries and pension costs
Church running expenses
Church mainlenance
Church insurance
Church ulilities
Independent examiners remuneration
Pari51i trainiiig and mission
Repairs & Maintenance Vicarage
Repairs & Maintenance - Rental Property
Music and Instruments
Licence fees & Audio-visual Equipment
Depreciation
24,340
75,132
3,245
26,490
11,247
15,576
3,677
9,628
1,290
135
177
1,602
269
2,581
6,131
181,520
866
4,948
30,154
75,132
3,245
26,490
11,247
15,576
3,677
9,628
1.290
135
177
1,602
269
2,581
6,131
187,334
27,293
71,231
3,607
26,584
11,872
17,840
4,163
6,444
1,367
315
1,252
611
1,702
4,641
178,922
866
4,948
b. Cost5 off ralslng funds
181,520
866
4,948
187,334
178,922
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THE PAROCHIAL CHURCH COUNCIL OF THE GOOD SHEPHERD, COLLIER ROW
Charity No. 1134080
a. Staff costs and numbers
2024
25,726
2023
25,996
151
147
26,295
Wages 3nd salaries
Social security
Pension costs
294
26,020
Average number of employees
During the year the PCC employed, a children's and familes worker and a church administrator.
One employee Ruth Turner is a trustee and member of the PCC, she is not being paid for being a trustee
or PCC member. Measures are in place to ensure no conflicts of interest arise.
There were no employee benefits paid to personnel in the previous or current years.
No employee was paid more than £60,000
b. Related partles, Iransactlons
The stipendiary Clergy were reimbursed for working expenses, it is considered thal no malerial part of
this relates to their duties as trustees.
Unconditional donations from those identified as related parties amounled to £26,895 during the year
made up of regular giving.
Jason Frost a member of the PCC was paid £25 for an office chair for the parish office,
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THE PAROCHIAL CHURCH COUNCIL OF THE GOOD SHEPHERD. COLLIER ROW
Charity No: 1134080
5. TANGIBLE FIXED ASSETS
Church
Hall
Renlal
Property
FF&E
Tolal
Actualldeemed cost
Al 1 January 2024
Disposals
Additions
At 31 December 2024
442,568
75,000
23,205
540,773
7,064
30,269
7,064
547,837
442,568
75,000
Depreclallon
Al 1 January 2024
Disposals
Charg8 for the year
At 31 December 2024
88,510
15,ODD
4,641
108,151
6,131
10,772
6,131
114,282
88,510
15,000
Net book amounts
At 31 December 2024
354,058
60,000
19,497
433,555
At 31 December 2023
354,058
60,000
18,564
432,622
6. CURRENT ASSETS
2024
2023
Income tax recoverable
PrepaymBnts & accrued income
Olher deblors
3,426
3,488
3,140
3,774
6,914
6,914
7.CURRENT LIABILITES
2024
2023
Accruals & Ileferred income
Independenl Examination
Def8rred Income l London over the Border
other creditors l Agency account
4,955
1,380
5,623
1,290
1,265
7,600
3,305
10,218
Page 14

THE PAROCHIAL CHURCH COUNCII OF THE GOOD SHEPHERD, COLLIER ROW
Charity No: 1134080
. FUNDS MOVEMENTS
8a1 flfwd
Income
Expendilure
Transfers
Bal clfwd
0110112024
Other gains
& losses
3111212024
UNRESTRICTED FUNDS
PCC General fund
189,406
189,406
193,077
193,077
181,520
181,520
2,554
2.554
203,518
203,518
DESIGNATED FUNDS
CApExSale
C&S Gift
2,037
517
2,210
2,554
866
1,344
2,037
2,727
866
2,554
1,344
DESIGNATED FIXED ASSETS FUNDS
Renlal Property
Church Hall
60,000
354,058
414,058
60,000
354,058
414,058
RESTRICTED FUNDS
Jack Petchey
London over the Border
St Cedds I Pioneer Hub
259
259
4.948
5,207
4,948
4,948
259
610,708
195,804
187,334
619,178
9. INSURANCE VALUATION OF THE BUILDINGS
The properties owned and managed by the PCC are currently valued for insurance purposes as follows:
Building
Descrlptlon
Insurance Valuation
The Church of the Good Shepherd
470 Mawney Road
Church
Rental Property
13,300,000
350,823
The policy includes trustees indemnity insurance for the sum of £250,000
Page IS