# **SS. Peter & Paul Church, Dagenham** _(Dagenham Parish Church)_ **Report and Accounts**
**of the PAROCHIAL CHURCH COUNCIL**
**for the year ended 31st December 2020**
**Registered Charity No: 1134803**
**Vicar**
The Reverend J. K Edwards The Vicarage Church Lane Dagenham Essex
## **Bankers**
Barclays Plc Barking & Dagenham Group PO Box 1006 Barking
National Westminster Plc Chadwell Heath (A) Branch 27 High Road Chadwell Heath Romford
## **Independent Examiner**
Graham Mundy LLB ACIS ACIB 38, Canberra Crescent, Dagenham, Essex, RM10 9YH
Parochial Church Council of SS Peter and Paul Church, Dagenham
## **2020 Report and Accounts for the Parochial Church Council of SS Peter and Paul Church, Dagenham**
## **Objectives and Activities**
Our aim at Dagenham Parish Church is to grow in the knowledge of the grace of the Lord Jesus Christ and to take part in God’s mission to the world, proclaiming his rule, mercy and grace.
## By:
- Speaking God’s word in love to others, in Sunday meetings and in mid-week gatherings
- Reaching out to our neighbours with the good news of Jesus
- Equipping believers to serve God wholeheartedly
- Maintaining our buildings to further God’s work in our area
- Supporting missionary and outreach work at home and abroad
## **Administrative information**
SS Peter and Paul Church is situated in Church Lane, Dagenham. It is part of the Diocese of Chelmsford within the Church of England. The correspondence address is The Vicarage, Church Lane, Dagenham. The PCC is a body corporate (PCC Powers Measure 1956, Church Representation Rules 2006) and a charity registered with the Charity Commission. Charity number: 1134803
## **Partners in the Gospel**
The PCC is committed to supporting organisations that have the same core beliefs as Dagenham Parish Church and the PCC continued its 2013 agreement and committed to support the church plant known as Becontree Church.
Local partnerships are enhanced by the PCC’s continued ecumenical partnership with other local churches as part of the East London Gospel Partnership (ELGP).
## **People**
- Nicky Adams continued her role as Youth Worker and her training on the Cornhill Course
- Reece Nash continued as part-time lay assistant, also attending the Cornhill course. He is funded by the Deanery ‘Discipleship Years’ scheme.
- Karen Fenn took advantage of the chance to learn on the Cornhill Course on-line and is coming to the end of the first year.
PCC members who have served at any time from 1st January 2019 until the date this report was approved are:
Clergy and Ex Officio members:
- Incumbent: The Reverend Joel Edwards (Chairman)
- Reader/LLM: Mrs Kathy Playle Representative on Deanery Synod
- Wardens: Mr Mark Mensah-Twumasi
- Mr Rob Simpson
- Representatives on Deanery Synod: Wendy Garton
Miss Shirley Jones (Treasurer – Deceased 17 May 2020)
Mr Reece Nash
Elected members: Mr Steve Fenn Mr Peter Crow Mr Paul Ogunbunmi Mrs Sara Riach
Mr David Playle Mr Chris Smith
Co-opted member: Mrs Heather Myers (PCC Secretary)
Page **2** of **17**
## Parochial Church Council of SS Peter and Paul Church, Dagenham
## **The congregation**
At present there are 113 people on the electoral roll, a number of whom are not resident within the parish.
During 2020 apart from our regular Sunday Services we had no Baptisms, no Thanksgivings, 1 Wedding and 5 Funerals. Joel took funerals for our friends, Becontree Church and St George’s Church when they had no minister available.
## **Regular Church Activities**
Government restrictions because of the covid-19 pandemic has limited our activities this year. These are the groups that have continued activity through the lockdown.
- Ladies’ Chrunch: Meet in term time alternating monthly for talks on relevant topics with a Bible study and a social event (a getting to know each other and new people occasion).
- Growth Groups: have continued, meeting to pray and in bible study looking further into the sermon series and to help and encourage each other live for God in all of life.
- 1-2-1 Studies: A number of people meet in pairs (on-line, or in person when safe) for 1-2-1 studies.
**The outreach committee** plans, co-ordinates and encourages our evangelism. These are the activities that took place through the lockdown periods.
- DPC hosted an outdoor **Remembrance Day service** with the Royal Navy Association. Local schools attended together with veterans, the Mayor and other neighbours.
**• The Carol Service:** In 2020, we worked with friends from ELGP churches and the local council to plan Carols in Cars. At the last minute, the council made this an on-line event because of a spike in covid-19 infection.
- **School assemblies** : Dagenham Park School invited Nicky and William Ford School invited Joel to
- produce video assemblies for on-line or in-class assemblies.
- **First Steps** : Weekly Parent/Carer & Toddler Bible based outreach group, essentially to local mums.
- Karen Fenn and Sara Riach have produced short Bible story videos for this group.
- **Fridays@DPC** : Outreach club for children in primary school re-started on-line later in the year.
- We are grateful to Chris Smith for managing our webpage and Karina Smith, for managing our Facebook page, important first points of contact to our church.
**The Building Committee** has responsibility to oversee the maintenance and future planning and use of our church buildings.
- **The Church Building:** The fifth phase of our building project has finally been completed. Many
- thanks to Steve Fenn for all the time he put in to overseeing this.
- **Ballards Close House** : This continues to be leased to a private tenant.
- **St. Luke’s Centre:** The St Luke’s Centre is leased to CGL an addiction rehabilitation organisation.
- **LBBD flat, 47 Exeter Rd:** Rented from the local council as housing for a church worker.
- **The Exeter Road Hall:** This is used at various times throughout the week and at weekends for our
- own church use, as well as being leased to a local preschool and other church groups.
We are grateful to the Dagenham Old National School charity for the use of the Minor Hall on Sundays and at various times during the week.
Page **3** of **17**
**The Finance Committee** has responsibility to oversee the church’s finances.
## **Financial Review**
Total receipts on unrestricted funds were £116,726.76 of which £26,868.42 was unrestricted voluntary donations, and a further £40,238.97 was from Gift Aid. Restricted donations and grants of £105,590.34 were also received and are detailed in the Financial Statements. The freehold house at 1 Ballards Road continues to be let temporarily, which provided a gross income of £13,200.
Total income, including tax recovered, but before grants received, went down by 7% compared with the previous year. This was due largely to a decrease in voluntary income and other income, particularly as a result of a decrease in Hall rental income, through it’s closure and the closure of the church through much of the year due to the Covid 19 pandemic
£81,411.71 was spent from unrestricted funds to provide the Christian ministry from SS Peter and Paul, including the contribution to the diocesan parish share of £36,877.56, which increased marginally against the previous year and largely provides the stipends and housing for the clergy.
The sum that the churches in the deanery have to find is shared between the churches according to a formula that is based mainly on a head count of the congregations. The size of our contribution at SS Peter and Paul remained at the proportionately higher level when compared with other churches.
The net result for the year was an excess of income over expenditure of £35,315.05 on unrestricted funds. The bank balances carried forward at 31st December on unrestricted funds (net of current liabilities less current assets) totalled £6,618.93.
Page **4** of **17**
Parochial Church Council of SS Peter and Paul Church, Dagenham
Reserves policy
It is PCC policy to try to maintain a balance on free reserves. (net current assets), which equates
to at least three months. unrestricted payments. This is equivalent to £20.352.93. It is held to
smooth out fluctuations in cash flow and to meet eTnergencies. The balance of the free reserves
at the year-end was £6.618.93. which is considerably below this target
It is our policy to invest the short-terni investment funds balances with the CCLA Church of
England Deposit Fund, and the reminder in the CCLA Church of England Investment Fund.
Approved by the PCC
Reverend Joel Edwards
Chairman
23" May 2021
Paje S of 17
Parochial Church Council of SS Peter and Paul Church, Dagenham
Independent Examinerfs Report to the Trustees of SS. Peter and Paul
Church Dagenham. Parochial Church Council
I report on the accounts for the year ended 315t December 2020, which are set out on pages 7
and 8.
Respertive responsibilities of the PCC and the examiner
The charivs trustees consider that an audit is not required for this year under section 144121 of
the Charities Act 2011 (the 2011 Act} and that an Independent examination is needed.
It is my responsibility to
Examine the accounts under section 145 of the 2011 Act;
Follow procedures laid down in the general directions gtven by the Charity Commissioner5
sertion 145{5llbl of the 2011 Act- and
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 examinerfs statement
In connection with my examination. no matter has come to my attention:
. which gives me re&sonable cause to believe that in any material respect the requirements
. to keep accounttng records in accordance with s.130 of the 2011 Act" or
. to prepare accounts, which accord with th¢s¢ accounting records have not been met; or
2. to which, in my opiniotL atlention should drawn in order to enable a proper
understanding of the accounts to reached.
Mr Graham Mundy
38 Canbetra Crescent
Dag¢Dham
Essex
RMIO 9YH
16 October 2021
Pèje 6 of 17
## Parochial Church Council of SS Peter and Paul Church, Dagenham
## **STATEMENT OF FINANCIAL ACTIVITIES**
For the year ending 31 December 2020
|Notes
**Incoming Resources**
Voluntary Income
2a
Activities for generating Funds
2b
Investment Income
2c
Income from Church Activities
2d
Other incoming resources
2e
**Total Incoming Resources**
**Resources Expended**
Church Activities
3a
Generating Voluntary Income
3b
Governance Costs
3c
Other resources expended
3d
**Total Resources Expended**
Net Incoming Resources Before Transfers
Gross Transfer between Funds
5
Net Incoming Resources before Other
Recognised Gains and Losses
**Other Recognised Gains**
Gains on revaluation of fixed assets
6
Gains on investment assets
7
**Net Movement in Funds**
Balances B/fwd 1 January 2020
**Balances C/fwd 31 December 2020**|Unrestricted
Funds
£
67,107.39
-
38,204.67
8,684.00
2,730.70
116,726.76
81,411.71
-
-
-
81,411.71
35,315.05
-
35,315.05
-
-
35,315.05
1,263,474.75
**1,298,789.80**|Restricted
Funds
£
-
-
183.31
-
105,407.03
105,590.34
81,623.13
-
-
-
81,623.13
23,967.21
-
23,967.21
-
-
23,967.21
119,838.10
**143,805.31**|Endowment
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
29,412.63
**29,412.63**|Total Funds
2020
£
67,107.39
-
38,387.98
8,684.00
108,137.73
222,317.10
163,034.84
-
-
-
163,034.84
59,282.26
59,282.26
-
-
59,282.26
1,412,725.48
**1,472,007.74**|Total Funds
2019
£
74,952.81
-
38,717.00
11,507.00
136,613.42|
|---|---|---|---|---|---|
||||||261,790.23|
||||||325,069.96
-
-
-|
||||||325,069.96|
||||||64,668.85
-
-|
||||||64,668.85
-
-
-|
||||||64,668.85
-|
||||||1,477,394.33|
|||||||
||||||1,412,725.48|
Page **7** of **17**
## Parochial Church Council of SS Peter and Paul Church, Dagenham
## **BALANCE SHEET AS AT 31 DECEMBER 2020**
|Notes
**FIXED ASSETS**
Tangible
6
Investments
7
**CURRENT ASSETS**
Stock
Debtors
8
Short Term Deposits
Cash at Bank and in Hand
**LIABILITIES**
Creditors: amounts falling due within one year
9a
**NET CURRENT ASSETS / (LIABILITIES)**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
Creditors: amounts falling due after one year
9b
**TOTAL NET ASSETS**
**PARISH FUNDS**
Endowment Funds
10
Restricted Funds
10
Unrestricted Funds
10
**Balances C/fwd 31 December 2019**|£
-
62,189.81
173,927.59
236,117.40
26,113.94|2020
£
1,229,679.00
32,325.28
1,262,004.28
210,003.46
1,472,007.74
-
**1,472,007.74**
29,412.63
143,805.31
1,298,789.80
**1,472,007.74**||2019
£
1,229,679.00
32,325.28
1,262,004.28|
|---|---|---|---|---|
|||||-
53,057.82
-
111,036.70|
|||||164,094.52
13,373.32|
|||||150,721.20
1,412,725.48
-
1,412,725.48
29,412.63
119,838.10
1,263,474.75
1,412,725.48|
Approved by the Parochial Church Council on 16th May 2021 and signed on its behalf by Reverend Joel Edwards.
The accompanying notes form a part of these financcial statements
Page **8** of **17**
## Parochial Church Council of SS Peter and Paul Church, Dagenham
**NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2020**
## **1. Accounting policies**
## **Basis of financial statements**
The financial statements have been prepared under the Church Accounting Regulations 2006 in accordance with applicable accounting standards and the current Statement of Recommended Practice Accounting and Reporting by Charities (SORP 2005).
The financial statements have been prepared under the historical cost convention except for investment assets, are shown at market value. The financial statements include all transactions, assets and liabilities, for which the PCC is responsible in law. 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.
## **Funds accounting**
Endowment funds are funds, the capital of which must be retained either permanently or at the PCC’s discretion; the income derived from the endowment is to be either as restricted or unrestricted income funds depending upon the purpose for which the endowment was established in the first place.
Restricted funds comprise (a) income from endowments which may be expended only on those restricted purposes intended by the donor and (b) revenue donations or grants for a specific PCC activity intended by the donor. Where funds have unspent balances, interest on their pooled investment is apportioned to the individual funds on an average basis.
Unrestricted funds are general funds, which can be used for PCC ordinary purposes. Designated funds are general funds set aside by the PCC for use in the future. Project funds are designated for a particular project for administration purposes only. Funds designated as invested in fixed assets for the PCC’s own use abated in line with assets’ annual depreciation charges in the SOFA. Designated funds remain unrestricted and the PCC may move any surplus to other general funds, which may be expended on the PCC general purposes.
## **Incoming resources**
Planned giving, collections and similar donations are recognised when received. Tax refunds are recognised when the incoming resources to which they related are received. Grants and legacies are accounted for when the PCC is entitled to the use of the resources, their ultimate receipt is considered reasonably certain and the amounts due are reliably, quantifiable. Dividends are accounted for when declared receivable, interest as and when accrued by the payer. All incoming resources are accounted for gross.
Page **9** of **17**
## Parochial Church Council of SS Peter and Paul Church, Dagenham
## **Resources expended**
Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation or constructive obligation on the PCC. The diocesan parish share is accounted for when due.
All other expenditure is generally recognised when it is incurred and is accounted for gross.
## **Fixed Assets**
Consecrated and beneficiated property of any kind is excluded from the accounts by s.10(2)(a) and (c) of the Charities Act 2011.
Movable church furnishing held by the Churchwardens on special trust for the PCC and which require a faculty for disposal are inalienable property, listed in the church’s inventory, which can be inspected (at any reasonable time). For anything acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the financial statements. Subsequently no Individual item has cost more than £1,000 per annum with effect from 2003. Equipment used within the church premises is deprecated in a straight-line basis over four years. Individually items of equipment with a purchase price of £500 or less are written off when the asset is purchased.
Investments are valued at market value at 31 December.
Page **10** of **17**
## Parochial Church Council of SS Peter and Paul Church, Dagenham
## **2. INCOMING RESOURCES**
|a
b
c
d
e|Voluntary Income
Planned Giving
Gift Aid Donations
Tax Recoverable
Pledged Giving
Collections
CAF Giving
Gift Days
Donations and Appeals
Activities for generating funds
Income from Investments
Bank Interest
Dividends on Investment Funds
Rent:
1 Ballards Close
St Luke's Centre
Income from Church Activities
Church Hall Lettings
Fees from weddings and funerals
Other incoming Resources
Grants Received
HMRC CJRs Grant
First Steps
Sundry - Filmimg Fees
Insurance Claims
**Total incoming Resources**|Unrestricted
Funds
£
40,238.97
9,131.99
-
3,463.55
-
-
14,272.88
67,107.39
-
-
4.67
13,200.00
25,000.00
38,204.67
8,359.00
325.00
8,684.00
-
2,730.70
-
-
-
2,730.70
116,726.76|Restricted
Funds
£
-
-
-
-
-
-
-
-
-
126.48
56.83
-
-
183.31
-
-
-
105,241.03
-
166.00
-
-
105,407.03
105,590.34|Endowment
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|Total Funds
2020
£
40,238.97
9,131.99
-
3,463.55
-
-
14,272.88
67,107.39
-
126.48
61.50
-
13,200.00
25,000.00
38,387.98
8,359.00
325.00
8,684.00
105,241.03
2,730.70
166.00
-
-
108,137.73
222,317.10|Total Funds
2019
£
49,529.36
11,771.09
440.00
4,586.36
-
-
8,626.00|
|---|---|---|---|---|---|---|
|||||||74,952.81|
|||||||-|
|||||||448.73
68.27
13,200.00
25,000.00|
|||||||38,717.00|
|||||||11,062.00
445.00|
|||||||11,507.00|
|||||||132,207.99
-
569.71
1,918.52
1,917.20|
|||||||136,613.42|
||||||||
|||||||261,790.23|
Page **11** of **17**
Parochial Church Council of SS Peter and Paul Church, Dagenham
## **3. RESOURCES EXPENDED**
|a
**Church Activities**
Missionary and Charitable Giving
Overseas:
Anglican International Development
Crosslinks
Jews for Jesus
iServe Africa
Open Doors
Home:
Anglican Mission in England
Becontree Church
Christian Institute
Church Society
Hope 4 Barking and Dagenham
London City Mission
Reform
South East Gospel Partnership
Parish Gifts
Ministry: Diocesan Parish Share
Other Ministry Costs
Specified Giving
NHLF- Church Repairs
Apprentice
Insurance Claim Expenditure
Assistant Minister
Youth Worker
Church Running Expenses
Church Maintenance
Exeter Road Hall
Upkeep of Housing
1 Ballards Close
St. Luke's
Rent: 47 Exeter Road
Rent: Flat 5 Tulip House
Rent: Minor Hall
Rent: LCM Garage
Sound & Music
Children's and Youth Work
Camp Bursaries
Printing & Stationery
Bank Charges
Outreach Materials
Dagfest
Churchyard
Telephone
Travelling
Miscellaneous Expenses
Training
Photocopier
First Steps
Totals carried forward to Page 13|Unrestricted
Funds
£
-
2,000.00
-
1,000.00
-
-
4,000.00
-
-
-
-
-
-
-
7,000.00
36,877.56
-
-
-
-
-
7,881.32
1,198.77
11,648.36
-
2,105.45
2,409.51
-
-
5,000.00
150.00
712.54
73.86
-
314.20
81.71
420.33
-
-
820.58
1,081.37
679.99
2,956.16
-
-
81,411.71|Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
57,847.16
3,665.00
-
-
20,014.64
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
96.33
81,623.13|Endowment
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|Total Funds
2020
£
-
2,000.00
-
1,000.00
-
-
4,000.00
-
-
-
-
-
-
-
7,000.00
36,877.56
-
57,847.16
3,665.00
-
-
20,014.64
7,881.32
1,198.77
11,648.36
-
2,105.45
2,409.51
-
-
5,000.00
150.00
712.54
73.86
-
314.20
81.71
420.33
-
-
820.58
1,081.37
679.99
2,956.16
-
96.33
163,034.84|Total Funds
2019
£
-
2,000.00
-
1,000.00
-
-
6,000.00
-
1,000.00
-
-
-
-
-|
|---|---|---|---|---|---|
||||||10,000.00
36,333.96
-
186,058.28
1,565.00
2,481.83
9,465.16
20,387.84
9,041.04
1,943.37
16,933.54
-
2,580.45
1,313.69
-
7,840.00
5,880.00
150.00
715.14
810.51
249.00
556.29
116.88
741.01
232.11
317.57
863.90
1,573.93
3,176.04
2,593.00
1,679.17
860.37|
||||||326,459.08|
Page **12** of **17**
## Parochial Church Council of SS Peter and Paul Church, Dagenham
## **3. RESOURCES EXPENDED continued**
|a
**Church Activities**
Totals brought forward from page 12
b
**Generating Voluntary Income**
c
**Governance Costs**
Independent Examination Fee
d
**Other Resources Expended**
**Total Resources Expended**
4 **a) STAFF COSTS**
Gross Pay
Employers National Insurance
Employers Pension Costs
Less- Costs of Youthworker met by grant
Costs included in Resources Expended|Unrestricted
Funds
£
81,411.71
-
-
-
81,411.71|Restricted
Funds
£
81,623.13
-
-
-
81,623.13|Endowment
Funds
£
-
-
-
-
-
|Total Funds
2020
£
163,034.84
-
-
-
163,034.84
2020
£
26,856.00
-
432.72
27,288.72
8,250.00
-
19,038.72|Total Funds
2019
£
326,459.08|
|---|---|---|---|---|---|
||||||-|
||||||-|
||||||-|
||||||326,459.08|
||||||2019
£
31,433.88
533.29
451.50|
||||||32,418.67
2,205.00
-|
||||||30,213.67|
During the year the PCC employed a Youth Worker and also oversaw the work of an Apprenice. The PCC also employed a part-time cleaner throughout the year.
## **b) PAYMENT TO PCC MEMBERS**
No other payments or expenses were paid to any other PCC member, persons closely connected to them, or related parties.
Page **13** of **17**
## Parochial Church Council of SS Peter and Paul Church, Dagenham
## **5. ANALYSIS OF TRANSFER BETWEEN FUNDS**
|Assistant Minister Fund
Exeter Road Hall Fund
**FIXED ASSETS**
**Cost or Valuation**
At 1 January 2020
Additions
Disposals
Revaluation
**At 31 December 2020**
**Depreciation**
At 1 January 2020
Provided in the year
Disposals
**At 31 December 2020**
**Net Book Values**
**At 31 December 2020**
At 31 December 2019|Unrestricted
Funds
£
-
-
-
Freehold Land
and Buildings
£
1,229,679.00
-
-
-
1,229,679.00
-
-
-
-
-
1,229,679.00
1,229,679.00|Restricted
Funds
£
-
-
-
Church
Equipment
£
-
-
-
-
-
-
-
-
-
-
-
-|Total
Funds
£
-
-|
|---|---|---|---|
||||-|
||||Total
£
1,229,679.00
-
-
-|
||||1,229,679.00|
||||-
-
-
-|
||||-|
||||1,229,679.00|
||||1,229,679.00|
## **6. FIXED ASSETS**
The freehold land and buildings comprise of 1 Ballards Close, Dagenham, The Dagenham Parish Hall, Exeter Road, Dagenham and St. Luke's Centre, Dagenham Road, Dagenham. For accounting purposes the valuation shown is that of the insurance value.
Page **14** of **17**
## Parochial Church Council of SS Peter and Paul Church, Dagenham
## **7. INVESTMENTS**
|**7. INVESTMENTS**|||
|---|---|---|
|Market Value 1 January 2020
Disposals at carrying Value
Purchases at cost
Net Gains and Revaluation
**Market Value 31 December 2020**
**8. CURRENT ASSETS**
**a) Debtors**
Income Tax Recoverable
Prepayments and Accrued Income
Other Debtors|2020
£
58,247.45
253.38
3,688.98
**62,189.81**|£
32,325.28
-
-
-|
|||**32,325.28**|
|||2019
£
49,115.46
253.38
3,688.98|
|||**53,057.82**|
|**9. LIABILITIES**
**a) Amounts falling due within one year**
Deferred Income
Accruals for utilities and other costs
Other Creditors
**b) Amounts falling due after one year**|-
6,547.36
19,566.58
**26,113.94**
-|-
959.12
12,414.20|
|---|---|---|
|||**13,373.32**|
|||-|
Page **15** of **17**
## Parochial Church Council of SS Peter and Paul Church, Dagenham
|**10. FUNDS**
**Unrestricted Fund**
General Fund
**Restricted Funds**
Youth Work Fund
Assistant Minister Fund
National Heritage Lottery Fund
Apprentice Grant
Youth Work Grant
Children's Fund
Flower Fund
Scuds
First Steps
Exeter Road Hall Fund
St. Luke's
Toilets Fund
Church Refurbishment Fund
**Endowment Fund**
Dr Rogers Bequest
Miss E.F. Bently Bequest
Chancel Trust (Tithe Act 1936)
**Total Funds**|Bal b/fwd
1 Jan 20
£
1,263,474.75
17,665.16
29,525.25
70,850.29
-
4,435.00
8,250.00
175.38
395.54
330.55
235.47
14,832.05
1,004.22
11,217.50
102,622.27
119,838.10
111.01
11,557.16
17,744.46
29,412.63
1,412,725.48|Income
£
116,726.76
-
-
87,241.03
7,000.00
11,000.00
-
-
-
166.00
126.48
-
-
56.83
105,590.34
-
-
-
-
222,317.10
|Expenditure
£
81,411.71
-
11,764.64
-
-
57,847.16
-
3,665.00
-
8,250.00
-
-
-
-
96.33
-
-
-
-
-
81,623.13
-
-
-
-
-
163,034.84
-|Transfers, other
gains and losses
£
-
-
-
41,456.42
-
-
-
-
-
-
-
-
-
41,456.42
-
-
-
-
-
-
-|Bal c/fwd
31 Dec 20
£
**1,298,789.80**|
|---|---|---|---|---|---|
||||||5,900.52
29,525.25
-
7,770.00
11,000.00
175.38
395.54
330.55
305.14
14,958.53
1,004.22
11,217.50
61,222.68|
||||||**143,805.31**|
||||||111.01
11,557.16
17,744.46|
||||||**29,412.63**|
|||||||
||||||**1,472,007.74**|
## **The general fund comprises the following funds:**
Wayleaves on Church Hall Site - can be used for General Ecclesiastical purposes
## **The restricted funds comprise the following funds:**
The Youth Work fund which holds funds raised for the support of a youthworker and youth work activities
The Assistant Minister fund to support the work of an Assistant Minister
The Children's fund to support children's events within the parish
The Flower fund for purchase of flowers and Harvest festival decorations
The Churchyard fund holds funds for the Friends of the Churchyard work in the churchyard The Scuds fund which holds funds for the Scuds youth group
The First Steps fund holds funds for the DPC outreach work of a parent and toddler group
The Exeter Road Hall fund which holds funds for expenditure on the Exeter Road Hall and includes money on deposit with CDBF The St Luke's fund which is money on deposit for the use of St Luke's Centre
The Toilets fund, which holds monies for the establishment of a toilet and kitchen area within the church building
The Church Refurbishment fund, which holds monies for future phases of the church building project
## **The endowment fund comprise the following Bequests:**
The Dr Rogers Bequest. This is a permanent endowment which requires the income to be spent on the cleaning of the Dr Rogers memorial. The Miss E F Bentley Bequest. This is a permanent endowment which requires the income to be spent for the maintenance of the church and churchyard so long as the grave of her parents William and Eliza Ann Bentley in the churchyard and the stone thereof is kept in good order and repair.
The Tithe Chancel Trust which was established by the 1936 Tithe Act from proceeds of sale of glebe land. The capital is held in perpetuity but the income is available for repair of the Chancel.
Page **16** of **17**
## Parochial Church Council of SS Peter and Paul Church, Dagenham
## **11. ANALYSIS OF NET ASSET FUNDS**
|Tangible Fixed Assets
Investment Fixed Assets
Current Assets
Liabilities
Amounts falling due within one year
Amounts falling due after one year
**At 31 December 2020**|Unrestricted
Funds
£
1,229,679.00
302.06
94,922.68
-
26,113.94
-
-
**1,298,789.80**|Restricted
Funds
£
-
2,610.59
141,194.72
-
-
-
**143,805.31**|Endowment
Funds
£
-
29,412.63
-
-
-
-
**29,412.63**|Total Funds
2020
£
1,229,679.00
32,325.28
236,117.40
-
26,113.94
-
-|
|---|---|---|---|---|
|||||**1,472,007.74**|
Page **17** of **17**