## **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
- to keep accounting records in accordance with s.130 of the 2011 Act; or
- 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.
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.
Page 11 of 17
## **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|
Page 12 of 17
## **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|
Page 13 of 17
## **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.
Page 14 of 17
## 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||
|---|---|---|---|
|**£**||£||
||**‐**||‐|
Page 15 of 17
## 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.
Page 16 of 17
## 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**|
Page 17 of 17