2021-12-31-accounts

SS. Peter & Paul Church, Dagenham

ANNUAL REPORT

and

FINANCIAL STATEMENTS

of the

PAROCHIAL CHURCH COUNCIL

for the year ended 31[st] December 2021

Registered Charity No: 1134803

Incumbent

The Reverend J K Edwards The Vicarage Church Lane Dagenham

Bankers

Barclays Plc Barking & Dagenham Group PO Box 1006 Barking

National Westminster Plc Chadwell Heath (A) Branch 27 High Road Chadwell Heath

Independent Examiner

Mr Graham Mundy LLB ACIS ACIB 38 Canberra Crescent Dagenham Essex RM10 9JA

2021 Report and Accounts for the Parochial Church Council of SS Peter and Paul Church, Dagenham

Aim and purposes

The aim of the church council (PCC) is the promotion of the gospel of our Lord Jesus Christ according to the doctrines and practices of the Church of England.

Objectives and activities

We seek to achieve this aim in the following ways, with activities listed under each objective:

• Speaking God’s word in love to others, Sunday and Wednesday church meetings, mid‐week growth groups and the monthly Crunch (Ladies Brunch and Bible study)

• Reaching out to our neighbours with the good news of Jesus Monthly door to door visiting;

welcoming local parents and carers to First Steps (Thursday morning toddler group); welcoming people to our introductory courses (Tales of the Unexpected, Close Encounters);

Friday’s club for infant and primary‐school aged children,

welcoming local people to special events run at Remembrance (including this year, a service to remember those who died during the pandemic), at Christmas, during the Cornhill Mission week in February and the Mark Drama.

• Equipping believers to serve God wholeheartedly

• By training, mentoring and coaching in the various activities we do,

• through a special series of ‘Passion for Life’ growth groups, supporting Reece Nash and Karen Fenn on the Cornhill Training Course supporting the Training Ground course for training church members in Bible‐based service.

• Praying for others In our monthly prayer meeting

• Supporting missionary and outreach work at home and abroad Prayer in Sunday and prayer meetings;

Zoom interviews presented in church;

• welcoming mission partners to church or prayer meeting; financial support.

• Ensure that we use safeguarding measures to protect children and vulnerable adults, making it as hard as we can for abusers to harm others and as easy as we can for concerns to be raised.

• Appointing Maureen Waruinge as Parish Safeguarding officer Reviewing and approving the parish safeguarding policy each year Including safeguarding on the agenda for every PCC meeting

Including safeguarding updates and reminders in Sunday School leader training

Page 2 of 17

Review of 2021

• We are thankful to God that he has kept our church going through the pandemic period. Throughout 2021, we adjusted our Sunday activities in line with government advice on minimising infection. We moved from on‐line only events to in‐person meetings with registered booking, facemasks and singing in the graveyard. Then to a relatively normal meeting, that is available for streaming on Zoom. We are thankful to those who put in extra effort organising booking systems in Eventbrite and using infection control in Sunday School.

• We thank God that visitors continue to attend our church meetings and some who are seeking him, return and continue meeting with us.

• 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.

• Alongside on‐going weekly and monthly events, some highlights from 2021 are:

• Residential trips for children restarted in‐person. Children in year four and five attended the Ranch weekend, five younger youth attended the Woolhampton Weekend and three older teens attended the Orwell venture.

• All our special outreach events had visitors from outside the church family who heard clear presentations of the gospel of Jesus.

• The Friday’s group was well attended on Zoom during the summer term. This group has not restarted in person because of lack of volunteers.

• We were sad to say goodbye to Nicky Adams at the end of her three years as Youth Worker, but enjoyed an excellent church day out at Stubbers as a farewell to Nicky.

• Dagenham Parish Church served the local community:

• six church members serving as governors in William Ford Church of England Primary School;

• renting the Exeter Road Hall to local exercise class, scout group, pre‐school and Christs Apostolic Church (CAC)

• renting the St Luke’s Centre to a drugs rehabilitation charity

• running the DONS charity which rents the Minor Hall to outside groups.

Partners in the Gospel

The PCC is committed to supporting organisations that have the same core beliefs as Dagenham Parish Church. 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).

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.

Plans and hopes for 2022

• We hope that with God’s help we will continue with all our regular activities

• We hope many more of our church family will know God better through reading God’s word, understanding it together and then serving him on our front lines and together in church.

• We hope that we will become a more prayerful church

• We look forward to Reece Nash moving to a full‐time role in July 2022

• We plan to prepare to run the Mark Drama again in 2023

Page 3 of 17

People

• Nicky Adams finished her role as Youth Worker and her training on the Cornhill Course

• Reece Nash completed his second year as part‐time lay assistant, attending the Cornhill course, funded by the Deanery ‘Discipleship Years’ scheme. In September 2021, he switched to a full‐time ministry trainee role, attending Cornhill two days a week.

• Karen Fenn completed the first year of the Cornhill Course on‐line and is coming to the end of her second and final year.

At present there are 84 parishioners on the Church Electoral Roll, this is a drop from 113 at this time last year.

The PCC

PCC members who have served at any time from 1st January 2021 until the date this report was approved are:

Ex Officio members:

• Incumbent: The Reverend Joel Edwards Chairman

• Reader/LLM: Mrs Kathy Playle Representative on Deanery and National Synods Resigned October 2021

• Wardens:

Mr Stephen Fenn Elected April 2021 Mrs Wendy Garton Elected April 2021 Mr Rob Simpson Resigned April 2021 Mr Mark Mensah‐Twumasi Resigned April 2021

Representees on Deanery Synod

• Mrs Wendy Garton

• Mr Reece Nash

Elected members:

• Mr Mark Anderson Elected April 2021

• • Mr Peter Crow Resigned April 2021 • Ms Angela Hadley Elected April 2021

• Ms Angela Hadley

• Mr Paul Ogunbunmi

• Mrs Sara Riach

• Mr David Playle

• Mr Chris Smith

• Mr Mark Mensah‐Twumasi

• Mrs Maureen Waruinge

Resigned February 2022 Deceased September 2021 Resigned April 2021 Elected April 2021 Elected April 2022

Co‐opted member:

• Mrs Heather Myers

PCC Secretary

Structure, governance, and management

Page 4 of 17

The PCC is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure. The PCC is a Registered Charity.

The method of appointment of PCC members is set out in the Church Representation Rules. At DPC, the membership of the PCC consists of the vicar, churchwardens and members elected by those members of the congregation who are on the electoral roll of the church. All those who regularly attend our services are encouraged to register on the Electoral Roll and may stand for election to the PCC.

The PCC members are responsible for making decisions on all matters of general concern and importance to the parish including deciding on how the funds of the PCC are to be spent. New members receive initial training into the workings of the PCC.

The full PCC met nine times during the year with an average level of attendance of 90%. Given its wide responsibilities the PCC has a number of committees each dealing with a particular aspect of parish life. These committees, which include buildings, finance and outreach are all responsible to the PCC and report back to it regularly.

Administrative information

St Peter and St 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

Financial Review

Total receipts on unrestricted funds were £124,452.11 of which £6,717.506 was unrestricted voluntary donations, and a further £36,457.96 was from Gift Aid. Restricted donations of £33,600.25 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 £12,946.62.

The planned giving through envelopes and banker’s orders decreased by 10% due to the impacts of Covid‐19. Total income, including tax recovered was similar with last year.

£117,540.92 was spent from unrestricted funds to provide the Christian ministry from SS Peter and Paul, including the contribution to the diocesan parish share that increased by 1% in the 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. We have to find more of the sum at SS Peter and Paul as the size of our congregation increased more compared with other churches.

The net result for the year was an excess of receipts over payments of £6,911.19 before any transfers on unrestricted funds. Adding the transfer of £10,000 towards the Ministry Training Fund (funding Reece Nash) unrestricted funds therefore a loss of £3,088.81. Adding bank and deposit balances brought forward at the beginning of the year, the balances carried forward at 31[st] December on unrestricted funds totalled £3,530.12.

Page 5 of 17

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 £29,000. It is held to smooth out fluctuations in cash flow and to meet emergencies. The balance of the free reserves at the year‐end was £3,530.12 which is lower than this target.

It is our policy to invest the short‐term investment funds balances with the CCLA Church of England Deposit Fund, and the reminder in the CCLA Church of England Investment Fund.

Volunteers

We would like to thank all the volunteers who work so hard to make our church the lively and vibrant community it is.

Approved by the PCC on 31[st] October 2022 and signed on their behalf by the Reverend Joel Edwards (PCC chairman)

Page 6 of 17

Independent Examiner’s Report to the Trustees of SS. Peter and Paul Church Dagenham, Parochial Church Council

I report on the accounts for the year ended 31[st] December 2021, which are set out on pages 8 and 9.

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

• Examine the accounts under section 145 of the 2011 Act;

• Follow procedures laid down in the general directions given by the Charity Commissioners section 145(5)(b) 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 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

2. to keep accounting records in accordance with s.130 of the 2011 Act; or

3. to prepare accounts, which accord with these accounting records have not been met; or

4. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Mr Graham Mundy 38 Canberra Crescent Dagenham Essex RM10 9JA

29[th] October 2022

Page 7 of 17

STATEMENT OF FINANCIAL ACTIVITIES

For the year ending 31 December 2021

					Total	Total
		Unrestricted	Restricted	Endowment	Funds	Funds
	Notes	Funds	Funds	Funds	2021	2020
		£	£	£	£	£
Incoming Resources
Voluntary Income	2a	58,536.38	33,600.25	‐	92,136.63	67,107.39
Activities for generating Funds	2b	‐	‐	‐	‐	‐
Investment Income	2c	37,960.68	58.62	‐	38,019.30	38,387.98
Income from Church Activities	2d	15,585.80	‐	‐	15,585.80	8,684.00
Other other income resources	2e	12,369.25	291.12	‐	12,660.37	108,137.73
Total Incoming Resources		124,452.11	33,949.99	‐	158,402.10	222,317.10
Resources Expended
Church Activities	3a	117,540.92	50,181.12	‐	167,722.04	163,034.84
Generating voluntary income	3b	‐	‐	‐	‐	‐
Governance Costs	3c	‐	‐	‐	‐	‐
Other resources expended	3d	‐	‐	‐	‐	‐
Total Resources Expended		117,540.92	50,181.12	‐	167,722.04	163,034.84
Net Incoming Resources Before Transfers		6,911.19	(16,231.13)	‐	(9,319.94)	59,282.26
Gross Transfer between Funds	5	(10,000.00)	10,000.00	‐	‐	‐
Net Incoming Resources before
Other Recognised Gains and Losses		(3,088.81)	(6,231.13)	‐	(9,319.94)	59,282.26
Other Recognised Gains
Gains on revaluation of fixed assets	6	2,652,907.00	‐	‐	2,652,907.00	‐
Gains on investment assets	7	‐	‐	‐	‐	‐
Net movement in Funds		2,649,818.19	(6,231.13)	‐	2,643,587.06	59,282.26
Balances b/fwd 1 January 2021		1,298,789.80	143,805.31	29,412.63	1,472,007.74	1,412,725.48
Balances c/fwd 31 December 2021		3,948,607.99	137,574.18	29,412.63	4,115,594.80	1,472,007.74

Page 8 of 17

BALANCE SHEET AT 31 DECEMBER 2021

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 due after one year 9b TOTAL NET ASSETS PARISH FUNDS Endowment Funds 10 Restricted Funds 10 Unrestricted Funds 10	‐ 12,289.34 ‐ 191,842.81	2021 £ 3,882,586.00 32,325.28	2020 £ 1,229,679.00 32,325.28
			1,262,004.28 ‐ 62,189.81 ‐ 173,927.59
			236,117.40 (26,113.94)
			210,003.46
		4,115,594.80 ‐	1,472,007.74 ‐
		4,115,594.80	1,472,007.74
		29,412.63 137,574.18 3,948,607.99	29,412.63 143,805.31 1,298,789.80
		4,115,594.80	1,472,007.74

Approved by the Parochial Church Council on 31[st] October 2022 and signed on its behalf by:

The accompanying notes form a part of these financial statements

Page 9 of 17

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2021

The PCC is a public benefit entity within the meaning of FRS102. The financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individual accounts of PCCs, and with the Regulations’ “true and fair view” provisions, it is also the first year that they have been prepared under FRS102 (2016) as the applicable accounting standards and the 2016 version of the Statement of Recommended Practice, Accounting and Reporting by Charities (SORP(FRS102)).

Assets

Consecrated and benefice 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 furnishings

These are capitalised at cost and depreciated over their useful economic life other than where insufficient cost information is available. In this case the item is not capitalised, but all items are included in the Church’s inventory in any case.

Tangible fixed assets for use by charity

These are capitalised if they can be used for more than one year, and cost at least £1,000. They are valued at cost or else, for gifts‐ in‐kind, at a reasonable estimate of their open market value on receipt.

Depreciation is calculated to write off the capitalized cost of fixed assets less their currently anticipated residual fair value over their estimated useful lives as follows:

	Land	Nil
	Fixtures & Fittings	20 years
	Computers	3 years

No depreciation is provided on buildings as the currently estimated residual value of the properties is not less than their carrying value and the remaining useful life 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.

Investments

Investments quoted on a recognised stock exchange or whose value derives from them are valued at market value at the year end. Other investment assets are included at PCC’s best estimate of market value.

Page 10 of 17

Short term deposits

These are the cash held on deposit either with the CCLA or at the bank.

FUNDS

Unrestricted Funds

These represent the remaining income funds of the PCC that are available for spending on the general purposes of the PCC, including amounts designated by the PCC for fixed assets for its own use or for spending on a future project and which are therefore not included in its ‘free reserves’ as disclosed in the trustees’ report.

Restricted Funds

These are income funds that must be spent on restricted purposes and details of the funds held and restrictions provided are shown in the notes to the accounts.

Endowment Funds

These are restricted funds that must be retained as trust capital either permanently or subject to a discretionary power to spend capital as income, and where the use of any income or other benefit derived from the capital may be restricted or unrestricted. Full details of all their restrictions are shown in the notes to the accounts.

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2. INCOMING RESOURCES

a Voluntary Income Planned Giving: Gift Aid Donations Tax Recoverable Gift Aid Interest Pledged Giving Collections GASDS Non‐GASDS Other Giving Gift Days Donations and appeals b Activities for generating Funds c Income from Investments Bank Interest Dividends on Investment Funds Rent: 1 Ballards Close St Luke's Centre d Income from Church Activities Church hall lettings Fees from weddings and funerals e Other incoming resources Grants Received Utilities Refund HMRC VJRs Grant Cancelled Cheques First Steps Photocopier Receipts Insurance Claims Total incoming resources	Unrestricted Restricted Endowment Total Funds Total Funds Funds Funds Funds 2021 2020 £ £ £ £ £ 36,457.96 9,033.00 ‐ 45,490.96 40,238.97 9,673.28 2,258.25 ‐ 11,931.53 9,131.99 485.48 ‐ ‐ 485.48 ‐ 1,383.44 2,309.00 ‐ 3,692.44 ‐ 2,145.17 ‐ ‐ 2,145.17 3,463.55 920.00 ‐ ‐ 920.00 ‐ 753.55 ‐ ‐ 753.55 ‐ ‐ ‐ ‐ ‐ ‐ 6,717.50 20,000.00 ‐ 26,717.50 14,272.88
	58,536.38 33,600.25 ‐ 92,136.63 67,107.39
	‐
	‐ ‐ ‐ ‐ ‐
	9.29 8.96 ‐ 18.25 126.48 4.77 49.66 ‐ 54.43 61.50 12,946.62 ‐ ‐ 12,946.62 13,200.00 25,000.00 ‐ ‐ 25,000.00 25,000.00
	37,960.68 58.62 ‐ 38,019.30 38,387.98
	15,092.80 ‐ ‐ 15,092.80 8,359.00 493.00 ‐ ‐ 493.00 325.00
	15,585.80 ‐ ‐ 15,585.80 8,684.00
	‐ ‐ ‐ ‐ 105,241.03 369.25 ‐ ‐ 369.25 ‐ ‐ ‐ ‐ ‐ 2,730.70 12,000.00 ‐ ‐ 12,000.00 ‐ ‐ 291.12 ‐ 291.12 166.00 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
	12,369.25 291.12 ‐ 12,660.37 108,137.73
	124,452.11 33,949.99 ‐ 158,402.10 222,317.10

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3. RESOURCES EXPENDED

a Church Activities Missionary and Charitable giving Oversees: Anglican International Development Crosslinks iServe Africa Home: Becontree Church Christian Institute Specified giving PCC Gifts Ministry: diocesan parish share Other ministry costs NHLD‐ Church Repairs Staff Expenses Youth Work Ministers Training Apprentice Worker Church running expenses Church maintenance Exeter Road Hall 1 Ballards Close St Luke's 47 Exeter Road Rent: Minor Hall Rent: LCM Garage Sound & Music Items replaced by Insurance Children's and Youth Work Printing & stationery Outreach Telephone Travelling Bank charges Depreciation Flowers Miscellaneous Expenses Training Accural Receipts Write‐Offs Graveyard Photocopier Church Refurbishment First Steps Scuds b Generating voluntary income c Governance costs Independent Examination Fee d Other resources expended Total resources expended	Unrestricted Restricted Endowment Total Funds Total Funds Funds Funds Funds 2021 2020 £ £ £ £ £ 3,000.00 ‐ ‐ 3,000.00 ‐ 4,000.00 ‐ ‐ 4,000.00 2,000.00 2,000.00 ‐ ‐ 2,000.00 1,000.00 ‐ ‐ ‐ ‐ 4,000.00 1,000.00 ‐ ‐ 1,000.00 ‐ 776.05 ‐ ‐ 776.05 ‐ 140.00 ‐ ‐ 140.00 ‐
	10,916.05 ‐ ‐ 10,916.05 7,000.00 37,305.24 ‐ ‐ 37,305.24 36,877.56 617.01 ‐ ‐ 617.01 ‐ ‐ ‐ ‐ 57,847.16 74.49 1,563.25 ‐ 1,637.74 ‐ ‐ 8,576.19 ‐ 8,576.19 20,014.64 ‐ 4,944.44 ‐ 4,944.44 ‐ ‐ 3,240.00 ‐ 3,240.00 3,665.00 6,702.78 ‐ ‐ 6,702.78 7,881.32 179.23 20,789.84 ‐ 20,969.07 1,198.77 12,421.63 ‐ ‐ 12,421.63 11,648.36 1,989.58 ‐ ‐ 1,989.58 2,105.45 1,234.71 ‐ ‐ 1,234.71 2,409.51 491.45 6,736.37 ‐ 7,227.82 ‐ 2,200.00 ‐ ‐ 2,200.00 5,000.00 150.00 ‐ ‐ 150.00 150.00 2,693.89 ‐ ‐ 2,693.89 712.54 ‐ ‐ ‐ ‐ ‐ 510.54 ‐ ‐ 510.54 73.86 269.54 ‐ ‐ 269.54 314.20 ‐ ‐ ‐ ‐ 420.33 ‐ ‐ ‐ ‐ 820.58 ‐ ‐ ‐ ‐ 1,081.37 8.50 79.40 ‐ 87.90 81.71 ‐ ‐ ‐ ‐ ‐ ‐ 35.00 ‐ 35.00 ‐ 114.90 ‐ ‐ 114.90 679.99 401.43 3,975.00 ‐ 4,376.43 2,956.16 36,967.95 ‐ ‐ 36,967.95 ‐ 2,292.00 ‐ ‐ 2,292.00 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 241.63 ‐ 241.63 96.33 ‐ ‐ ‐ ‐ ‐
	117,540.92 50,181.12 ‐ 167,722.04 163,034.84
	‐ ‐ ‐ ‐ ‐
	‐ ‐ ‐ ‐ ‐
	‐ ‐ ‐ ‐ ‐
	‐ ‐ ‐ ‐ ‐
	117,540.92 50,181.12 ‐ 167,722.04 163,034.84

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4(a) STAFF COSTS

Gross pay Employers National Insurance Employers Pension Costs		2021 £ 27,230.25 ‐ 442.54	2020 £ 26,856.00 ‐ 432.72
		27,672.79	27,288.72

During the year the PCC employed a Youth Worker who resigned on 31 August 2021. An Apprentice until 31 August 2021 and Assistant Minister from 1 September 2021 all full time.

The PCC also employed a part‐time cleaner throughout the year.

4(b) PAYMENT TO PCC MEMBERS

As the Assistant Minister, Mr R Nash, is a member of the PCC and was paid £6,253. There were no other disclosable transactions in respect of PCC members, nor persons closely connected to them, nor other related parties

5. ANAYSIS OF TRANSFER BETWEEN FUNDS

Apprentice Grant General Fund Youth Work Grant Youth Work Fund Ministers Training Fund	Unrestricted Restricted Total £ £ £ (10,000.00) ‐ (10,000.00) ‐ 14,530.00 14,530.00 ‐ (4,530.00) (4,530.00) ‐ (462.69) (462.69) ‐ 462.69 462.69 (10,000.00) 10,000.00 ‐

The PCC agreed to fund the Minister Training Fund with £10,000. This help various supporters knowing that the PCC was committed in supporting the Minister Training Fund.

The Minister Training fund was created to help fund Reece Nash in is work as an Assistant Minister and sponsor is training at Cornhill. Monies from the Apprentice Grant has been mered into this fund is it is funding for Reece Nash. The Apprentice Grant was money received from various bodies to fund Reece Nash. These monies has been merged into the Minister Training Fund

The Youth Work project started in 1998 with the aim of providing Christian outreach to the young people within the parish and local schools. At the beginning, the project received several grants. The project has continued with support of the congregation and the PCC. £462.69 transfered to the Youth Work Grant.

The Youth Work Grant was money received from various bodies to help fund the slaray of the youth worker. This grant has been exhausted.

6. FIXED ASSETS

Cost or valuation At 1 January 2021 Additions Disposals Revaluation At 31 December 2021 Depreciation At 1 January 2021 Provided in the year Disposals At 31 December 2021 Net book amounts At 31 December 2021 At 31 December 2020	Freehold land Church and buildings equipment £ £ 1,229,679.00 ‐ ‐ ‐ ‐ ‐ 2,652,907.00 ‐ 3,882,586.00 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 3,882,586.00 ‐ 1,229,679.00 ‐	Total £ 1,229,679.00 ‐ ‐ 2,652,907.00
		3,882,586.00
		‐ ‐ ‐
		‐
		3,882,586.00
		1,229,679.00

The freehold land and buildings comprise of the Curate's house 1 Ballards Close, Dagenham; Dagenham Parish Hall, Exeter Road, Dagenham and St Luke's Centre, Dagenham Road, Dagenham. For accounting purposes the cost for these properties is the insurance value.

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PAROCHIAL CHURCH COUNCIL OF SS PETER & PAUL, DAGENHAM

7. INVESTMENTS

NVESTMENTS
Market value 1 January 2021 Disposals at carrying value Purchases at cost Net gains and revaluation Market value 31 December 2021	£ 32,325.28 ‐ ‐ ‐
	32,325.28

8. CURRENT ASSETS

8a Debtors

8a Debtors
Income tax recoverable Prepayments and accrued income Other debtors	2021 2020 £ £ 11,931.53 58,247.45 357.81 253.38 ‐ 3,688.98
	12,289.34 62,189.81

9. LIABIALITIES

9a Amounts falling due in one year

Deferred income Accruals for utilities and other costs Other creditors	2021 2020 £ £ ‐ ‐ 1,250.47 6,547.36 2,198.16 19,566.58
	3,448.63 26,113.94

9b Amounts falling due after one year

2021		2020
£		£
	‐		‐

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PAROCHIAL CHURCH COUNCIL OF SS PETER & PAUL, DAGENHAM

10. FUNDS

Unrestricted Fund General fund Restricted Fund Youth Work fund Assistant Minister Fund Ministers Training 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 Income Expenditure Transfers, Bal c/fwd 1 Jan 21 other gains 31 Dec 21 and losses £ £ £ £ £ 1,298,789.80 124,452.11 (117,540.92) 2,642,907.00 3,948,607.99
	1,298,789.80 124,452.11 (117,540.92) 2,642,907.00 3,948,607.99
	5,900.52 ‐ (4,827.59) (462.69) 610.24 29,525.25 ‐ ‐ ‐ 29,525.25 ‐ 33,600.25 (9,504.97) 14,530.00 38,625.28 7,770.00 ‐ (3,240.00) (4,530.00) ‐ 11,000.00 ‐ (11,462.69) 462.69 ‐ 175.38 ‐ ‐ ‐ 175.38 395.54 ‐ (35.00) 360.54 330.55 ‐ ‐ ‐ 330.55 305.14 291.12 (241.63) ‐ 354.63 14,958.53 49.94 (79.40) ‐ 14,929.07 1,004.22 ‐ ‐ ‐ 1,004.22 11,217.50 ‐ ‐ ‐ 11,217.50 61,222.68 8.68 (20,789.84) ‐ 40,441.52
	143,805.31 33,949.99 (50,181.12) 10,000.00 137,574.18
	111.01 ‐ ‐ ‐ 111.01 11,557.16 ‐ ‐ ‐ 11,557.16 17,744.46 ‐ ‐ ‐ 17,744.46
	29,412.63 ‐ ‐ ‐ 29,412.63
	1,472,007.74 158,402.10 (167,722.04) 2,652,907.00 4,115,594.80

The general fund comprises the following funds:

• Wayleaves on Church Hall Site ‐ can be used for General Ecclesiastical purposes

The restricted funds comprises 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 Minister Training fund to support the work of an Assistant Minister;

• The Apprentice Grant for funding for Reece Nash as an Apprentice;

• The Youth Work Grant funding for a Youth Worker;

• The Flower fund for purchase of flowers and Harvest festival decorations;

• The Children's fund is funding for Children's work and activities at Dagenham Parish Church;

• The Scuds fund which holds funds for the Scuds youth group;

• The First Steps fund holds funds for the DPC outreach work for a parent and toddler group;

• The Exeter Road Hall fund 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 hold monies for future phases of the church building project.

The endowment comprises 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.

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PAROCHIAL CHURCH COUNCIL OF SS PETER & PAUL, DAGENHAM

11. ANALYSIS OF NET ASSETS FUNDS

Tangible fixed assets Investment fixed assets Current assets Liabilities Amounts falling due in one year Amounts falling due after one year At 31 December 2021	Total Unrestricted Restricted Endowment Funds Funds Funds Funds 2021 £ £ £ £ 3,882,586.00 ‐ ‐ 3,882,586.00 302.06 2,610.59 29,412.63 32,325.28 68,829.22 135,302.93 ‐ 204,132.15 (3,109.29) (339.34) ‐ (3,448.63) ‐ ‐ ‐ ‐
	3,948,607.99 137,574.18 29,412.63 4,115,594.80

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