Saint Michael and All Angels Main Road Gidea Park Romford RM2 5EL
Financial Report for the Year Ending 31[st ] December 2025
End of year balance
| As at 31/12/25: | |
|---|---|
| Bank Current account | £123,277 |
Annual Accounts for 2025 versus Previous Years
| Annual Accounts | 2025 | 2024 | 2023 |
|---|---|---|---|
| Receipts | £183,221 | £167,055 | £151,971 |
| Payments | £159,430 | £163,645 | £121,525 |
| Difference | £23,791 | £3,410 | £30,446 |
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Receipts have increased during 2025 by £16,166 when compared with 2024, mainly due to a legacy of £5,000,
-
a British Gas rebate of £10,620 and gift days which raised £7,405.
-
During 2025, £30,000 was paid for the 2024 parish share, and £40,000 was paid towards the 2025 parish share, giving a total of £70,000.
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The end of year balance of £123,277 includes restricted funds of £33,314.
Going Concern/Additional Comment
Since the main hall fire in 2022, the insurance company has been paying funds into the church bank account to cover the lost rental income and associated costs, the rebuilding of the main hall was completed in 2025.
The parish share for 2025 was £84,327, of which £55,000 has been paid.
The church cannot afford to pay the full parish share for 2026, which is £86,062. For the last few years’ the church has been paying a reduced parish share.
Parochial Church Council of St Michael's Church, Gidea Park Financial Statements for the year ended 31st December 2025
This statement has been prepared in accordance with the Church Accounting regulations 2006
Receipts and Payments Account
| Note Receipts Planned Giving 2 Tax Recovered in 2025 4 Unplanned giving & donations 3 Other receipts 4 Halls 5 109 Carlton Road 6 Investment income CCLA Total Receipts Payments Parish Share 7 Church renewals 8 Church running costs 9 Clergy expenses 10 Missions & Charities 11 Halls running costs 12 109 Carlton Rd costs 13 Other Payments 14 Total Payments Receipts less payments Cash at bank and in hand at 1st January 2025 Cash at bank and in hand at 31st December 2025 |
£ Unrestricted Funds |
£ Unrestricted Funds |
£ Restricted Funds |
£ Restricted Funds |
Total 2025 £ |
Total 2025 £ |
Total 2024 £ |
Total 2024 £ |
2023 £ |
|---|---|---|---|---|---|---|---|---|---|
| 22,002 | 0 | 22,002 | 22,604 | 26,504 | |||||
| 3,328 | 3,328 | 13,455 | 10,456 | ||||||
| 20,919 | 20,919 | 12,303 | 7,014 | ||||||
| 20,949 | 20,949 | 4,285 | 3,108 | ||||||
| 100,289 | 100,289 | 106,568 | 89,889 | ||||||
| 15,734 | 15,734 | 7,840 | 15,000 | ||||||
| 0 | |||||||||
| 183,221 | 0 | 183,221 | 167,055 | ||||||
| 151,971 | |||||||||
| 70,000 | 70,000 | 45,000 | 39,578 | ||||||
| 5,379 | 5,379 | 3,954 | 714 | ||||||
| 18,232 | 18,232 | 23,945 | 25,897 | ||||||
| 16,464 | 16,464 | 14,119 | 22,276 | ||||||
| 4,200 | 4,200 | 2,400 | 1,150 | ||||||
| 29,821 | 29,821 | 35,668 | 26,644 | ||||||
| 6,178 | 6,178 | 35,443 | 2,416 | ||||||
| 9,156 | 9,156 | 3,116 | 2,800 | ||||||
| 159,430 23,791 76,463 89,963 |
0 23,020 33,314 |
159,430 23,791 99,483 123,277 |
163,645 3,410 70,652 70,652 |
||||||
| 121,475 | |||||||||
| 30,446 65,625 |
|||||||||
| 65,625 |
| Statement of Assets and Liabilities at 31st December 2025 Cash at bank and in hand Bank Current account 89,963 33,314 Deposit account 0 89,963 33,314 Liabilities None Asset retained for own use Fixed Asset - 109 Carlton Road 45,400 45,400 45,400 This asset is retained for church use: freehold house at 109 Carlton Road purchased 1985 (cost £45,400) The property is not regularly revalued but a conservative unofficial valuation of the property in 2022 estimated the value at £500,000 Unrestricted Fund Restricted Funds |
|
|---|---|
| 45,400 | |
Parochial Church Council of St Michael's Church, Gidea Park Financial Statement for the year ended 31st December 2025
Notes to the Accounts
Note 1 Change in Funds
| General Funds - Not Restricted Palmer (Church Fabric) - Restricted Helga Johannsen (Mission work) - Restricted New Church Noticeboard - Restricted Rev. Elvin Legacy (Remembrance) - Restricted Main Hall Insurance Payments Main Hall Gift Days Restricted funds Total Note 2 Planned Giving Envelope Scheme Standing Orders Note 3 Unplanned giving & donations Collections Donations Gift Day Fundraising Note 4 Other receipts Church fees Bright Minds Playgroup Charities Sundries Tax Rebate Gas Refund Grants Refreshment Harold Hill Foodbank (CAP Office) Legacies Note 5 Halls Regular Monthly lettings Church Insurance Advance (due to fire) Note 6 109 Carlton Road Rental income |
1 January 2025 | Transfer | Interest | Receipts/ (Payments) |
31st Dec 25 |
|---|---|---|---|---|---|
| 76,463 | 89,963 | ||||
| 14,951 1,883 1,800 4,386 0 |
-1883 1,800 2,880 |
14,951 0 0 4,386 11,097 2,880 |
|||
| 23,020 | 2,797 | 33,314 | |||
| 99,483 | 123,277 | ||||
| 200 21,802 22,002 13,334 180 7,405 0 20,919 563 410 1,800 3,328 13,176 0 0 0 5,000 24,277 60,289 40,000 100,289 15,734 15,734 Unrestricted Funds |
Restricted Funds |
Total 2025 200 21,802 22,002 13,334 180 7,405 0 20,919 563 410 1,800 3,328 13,176 0 0 0 5,000 24,277 60,289 40,000 100,289 15,734 15,734 |
Total 2024 150 22,454 22,604 10,463 1,840 0 0 12,303 1,466 810 2,009 13,455 0 0 0 17,740 59,628 46,940 106,568 7,840 7,840 |
Total 2023 150 26,354 26,504 6,344 0 670 7,014 51 706 247 10,456 1,520 9 575 13,564 64,889 25,000 89,889 15,000 15,000 |
Parochial Church Council of St Michael's Church, Gidea Park Financial Statement for the year ended 31st December 2025
Notes to the Accounts
| Notes to the Accounts | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Note 7 Parish Share 2025 Parish Share for 2024 2025 Parish Share for 2025 Note 8 Church Renewals Repairs & Renewals Note 9 Church running costs Church Insurance Heating and Lighting Organ & Music Sanctuary Church & Childrens Groups Office manager/accounts assistant Flowers Cleaning Fire protection Bank Charges Refreshments Church PPST Bibles / Church books Note 10 Clergy Expenses Vicar's expenses Interregum Costs Curate's Expenses Fees to officiating ministers Children's Worker Children's Worker Expenses |
Unrestricted Funds |
Restricted Funds |
Total 2025 | Total 2024 | Total 2023 | ||||
| 30,000 | 30,000 | 20,000 | 9,578 | ||||||
| 40,000 | 40,000 | 25,000 | 30,000 | ||||||
| 70,000 | 70,000 | 45,000 | 39,578 | ||||||
| 5,379 5,379 2,690 4,795 615 0 0 3,125 0 3,757 754 261 2,013 222 18,232 342 16,122 0 16,464 |
5,379 5,379 2,690 4,795 615 0 0 3,125 3,757 754 261 2,013 222 18,232 342 16,122 0 16,464 |
3,954 3,954 2,622 5,432 595 0 0 11,435 0 0 964 261 0 1,980 656 23,945 119 14,000 0 14,119 |
714 | ||||||
| 714 | |||||||||
| 2,782 8,620 865 0 45 10,364 0 228 0 277 0 2,300 416 |
|||||||||
| 25,897 | |||||||||
| 50 20,870 1,406 |
|||||||||
| 22,326 |
Parochial Church Council of St Michael's Church, Gidea Park Financial Statement for the year ended 31st December 2025
Notes to the Accounts
| Note 11 Missions & Charities Essex Clergy CMS 4,200 4,200 Note 12 Halls running costs Utilities - Gas & Electricity 11,442 Water 737 Minor Repairs 0 Major Repairs 0 Insurance 7,913 Cleaning Materials 0 Main Hall & Manley Cleaning 114 Hedley & Chadwick Cleaning 3,749 Hall Window Cleaning 750 Trade refuse 2,123 Sundries 2,723 Fire, lighting & PAT tests 270 29,821 Note 13 Carlton Road Running Costs Minor Repairs via Agent 823 Minor Repairs NOT via Agent 2,855 Management Fees & VAT 1,656 Insurance 844 Council Tax 0 Major Refurbishment 0 6,178 Note 14 Other Payments Gifts 0 Fees to Diocese 817 Office Manager Expense 1,344 CAP Office 6,995 9,156 Unrestricted Funds* |
Restricted Funds |
Total 2025 4,200 4,200 11,442 737 0 0 7,913 0 114 3,749 750 2,123 2,723 270 29,821 823 2,855 1,656 844 0 0 6,178 0 817 1,344 6,995 9,156 |
Total 2024 2,400 2,400 16,289 558 0 2,280 4,957 775 3,445 2,855 550 2,399 1,290 270 35,668 0 1,765 808 2,031 30,839 35,443 |
Total 2023 1,150 |
|---|---|---|---|---|
| 1,150 | ||||
| 6,054 1,054 386 276 4,898 1,198 3,572 3,115 1,000 2,036 1,685 1,370 |
||||
| 26,644 | ||||
| 0 1,621 795 |
||||
| 2,416 | ||||
Independent examiner’s report to the PCC of St Michael & All Angels Church, Gidea Park
I report on the accounts of the PCC for the year ended 31 December 2025 which are set out in the financial report.
Respective responsibilities of the PCC and the examiner
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.
It is my responsibility to
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Examine the accounts under section 145 of the 2011 Act;
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Follow procedures laid down in the general directions given by the Charity Commissioners section 145(5)(b) of the 2011 Act; and
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State whether particular matters have come to my attention.
Basis of Independent Examiners Statement.
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 the management committee concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in a full audit, and consequently I do not express an opinion on the accounts.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention: (1) which gives me reasonable cause to believe that in any material respect the requirements
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to keep accounting records in accordance with s.130 of the 2011 Act; or
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to prepare accounts, which accord with these accounting records have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached, except however, for the following ongoing concerns
ONGOING CONCERNS
In accordance with the Church of England’s Accounting Guide (section 3 para 3.4) I am obliged to comment on any matters which effect the Church’s current financial position.
Whilst Invoices are dealt with promptly, they should, however, be checked for consistency to avoid any errors or over payments.
Mrs Valerie Goodwin, Independent Examiner. 20[th] April 2026 508 Upper Brentwood Road Romford RM2 6JA