SS. Peter & Paul Church, Dagenham
ANNUAL REPORT
and
FINANCIAL STATEMENTS
of the
PAROCHIAL CHURCH COUNCIL
for the year ended 31[st] December 2023
Registered Charity No: 1134803
==> picture [149 x 103] intentionally omitted <==
Incumbent
The Reverend J K Edwards The Vicarage Church Lane Dagenham
Bankers
Barclays Plc Barking & Dagenham Group PO Box 1006 Barking
Independent Examiner
Mr Graham Mundy 38 Canberra Crescent Dagenham Essex RM10 9JA
2023 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, in Sunday and Wednesday church meetings, in mid-week growth groups and in the monthly Crunch (Ladies Brunch and Bible study)
-
Engaging with our neighbours and telling them 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); taking assemblies in local schools; welcoming school visits; taking services in Park View Care Home
welcoming local people to special events run at the weekend of the Kings Coronation, at Remembrance, at Christmas and the Mark Drama.
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Equipping believers to serve God wholeheartedly
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by training, mentoring and coaching in the various activities we do, supporting Reece Nash and Joel Madur on the Cornhill Training Course encouraging Omolara Okinbaloye on the Training Ground course for training church members in Bible-based service.
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Praying for others
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In our regular weekly meetings; in our monthly prayer meeting; In our termly men’s prayer meeting; in Crunch team meetings.
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Supporting missionary and outreach work at home and abroad Prayer in Sunday and in monthly prayer meetings; Following their reports on-line
-
.
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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.
Reviewing and approving the parish safeguarding policy each year (10 July 2023). Including safeguarding on the agenda for every PCC meeting PCC members taking the required on-line safeguarding courses Including safeguarding updates and reminders in Sunday School leader training.
Review of 2023
-
We thank God that visitors continue to attend our church meetings and some who are seeking him, return and continue meeting with us.
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We thank God for many warm welcomes given to our door-to-door visiting team.
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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.
Page 2 of 17
-
The ladies’ Crunch team reviewed ministry amongst the ladies in church and made the bold decision to stop running monthly brunch and Bible studies and instead to try to develop more one-to-one meetings between ladies in church.
-
The PCC are grateful to friends from St Peter’s, Harold Wood who came as visiting preachers and to Simon Berry, St George’s, Becontree, who provided cover for funerals during the vicar’s sabbatical.
Alongside on-going weekly and monthly events, some highlights from 2023 are:
-
Children in year four and five attended the Ranch weekend (Lambourne End, Essex), two younger youth attended the Woolhampton venture with one adult leader and two young adult assistant leaders and eight older teens attended the Orwell venture with two adult leaders.
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Reece Nash and Eunice Karongo served on the CPAS London Schools’ venture for children in year 4 from three schools in this part of London, including William Ford School Church of England Junior School.
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We celebrated and upheld the Church of England’s doctrine of marriage in an afterchurch repeat of marriage vows by Jithin and Mebiya and in the marriage of Daniel and Alina in church on Resurrection Sunday.
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All our special outreach events had visitors from outside the church family who heard clear presentations of the gospel of Jesus. The ladies ‘Crunch team’ ran an evangelistic tea with an excellent guest speaker.
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Dagenham Parish Church served the local community: four church members serving as governors in William Ford Church of England Primary School;
-
renting the Exeter Road Hall to scout group, pre-school, skates group for vulnerable teens 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.
hosted a group of Uniformed Public Services Diploma students from Barking and Dagenham College on a community project clearing the graveyard.
The PCC:
-
On the PCC away day, the PCC considered how we can help more of the congregation grow as disciples of Jesus.
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The PCC sent letters, and encouraged the congregation to send letters likewise, to the local and diocesan Bishops registering our dismay over their departure from biblical orthodoxy by approving the ‘Prayers for Love & Faith’; and the PCC voted to withhold our ‘parish share’ from the diocese as a means of protest and to spur the bishops on to repent from their action.
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The PCC established a termly meeting of a pastoral group to ensure the church family cares for those who are homebound or in other particular need of care.
-
The Heritage Lottery Fund project for repairing the church tower was finally closed and £11,850k reimbursed to the church
Partners in the Gospel
The PCC is committed to supporting organisations that have the same core beliefs as Dagenham Parish Church.
Local partnerships are enhanced by the church’s continued ecumenical partnership with other local churches as part of the East London Gospel Partnership (ELGP).
Page 3 of 17
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 2024
-
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.
People
-
Reece Nash resigned from Dagenham Parish Church to start his theological training at Oak Hill in August 2023.
-
Joel Madur was employed as Assistant Minister in September 2023.
At present there are 93 people on the Church Electoral Roll, this increased from 84 in 2022.
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
The PCC
PCC members who have served at any time from 1st January 2023 until the date this report was approved are:
Ex Officio members:
-
Incumbent: The Reverend Joel Edwards Chairman
-
Wardens: Mr Stephen Fenn
Mrs Wendy Garton
Representees on Deanery Synod
- Reece Nash
Resigned 31 August 2023
- Mrs Wendy Garton
Elected members:
-
Mr Mark Anderson
-
Ms Angela Hadley
-
Mr Paul Ogunbunmi
-
Mr Mark Mensah-Twumasi (Treasurer)
-
Maureen Waringe (Safeguarding officer)
-
Mrs Heather Myers (PCC Secretary)
Elected May 2022 Elected May 2022 Elected May 2023 Elected April 2021 Elected May 2022 Elected May 2023
Co-opted members
- Mrs Heather Myers (PCC Secretary)
Until May 2023
Page 4 of 17
Structure, governance and management
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.
Financial Review
Total receipts on unrestricted funds were £112,850 of which £30,493.96 was unrestricted planned voluntary donations, and a further £7,615.99 was from Gift Aid. Restricted grants and donations of £18,436.72 were also received, the majority of which was for the grant towards church refurbishment, and details are shown in the financial statements. The freehold house at 1 Ballards Close continues to be let temporarily, which provided a gross income of £14,100.
The planned giving through envelopes and banker's orders decreased by 10%. Total unrestricted income, excluding the energy cost grant, decreased by almost 5% compared with last year. This was mainly due to number of people retiring and unable use the Gift Aid scheme.
£65.912.80 was spent from unrestricted funds to provide the Christian ministry from Dagenham Parish Church, including the contribution to the diocesan parish share that decreased by 48% in the year (due to the disease changing the parish allocation formulation) 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 congregation head count and social factors.
Net movement in funds on unrestricted funds was £46,937.20 which includes transfers to the Assistant Ministers designated fund. During the year, the total fund balances (including fixed assets) increased from £4,243,975.54 to £4,919.928.46, of which £4,755,219.10 is unrestricted.
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 £30,000 . 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 £50,000 .
Page 5 of 17
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 8[th] April 2024 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 2023, 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;
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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:
-
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
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to prepare accounts, which accord with these accounting records have not been met; or
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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
25[th] April 2025
Page 7 of 17
PAROCHIAL CHURCH COUNCIL OF SS PETER & PAUL, DAGENHAM
STATEMENT OF FINANCIAL ACTIVITIES
For the year ending 31 December 2023
| Notes Incoming Resources Voluntary Income 2a Activities for generating Funds 2b Investment Income 2c Income from Church Activities 2d Other other income 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 2023 Balances c/fwd 31 December 2023 |
Total Total Unrestricted Restricted Designated Endowment Funds Funds Funds Funds Funds Funds 2023 2022 £ £ £ £ £ £ 52,548.76 5,370.44 - - 57,919.20 72,221.24 - - - - - - 41,458.71 852.40 - - 42,311.11 38,806.58 16,562.50 - - - 16,562.50 15,065.50 2,280.03 12,213.88 - - 14,493.91 447.66 |
|---|---|
| 112,850.00 18,436.72 - - 131,286.72 126,540.98 |
|
| 65,912.80 37,846.53 - - 103,759.33 113,155.11 - - - - - - - - - - - - - - - - - - |
|
| 65,912.80 37,846.53 - - 103,759.33 113,155.11 |
|
| 46,937.20 (19,409.81) - - 27,527.39 13,385.87 (3,260.18) 1,260.18 2,000.00 - 0.00 - |
|
| 43,677.02 (18,149.63) 2,000.00 - 27,527.39 13,385.87 642,956.00 - - - 642,956.00 102,319.00 12.29 122.21 - 5,334.68 5,469.18 12,675.87 |
|
| 686,645.31 (18,027.42) 2,000.00 5,334.68 675,952.57 128,380.74 |
|
| 4,068,573.79 123,191.79 10,000.00 42,209.96 4,243,975.54 4,115,594.80 |
|
| 4,755,219.10 105,164.37 12,000.00 47,544.64 4,919,928.11 4,243,975.54 |
Page 8 of 17
PAROCHIAL CHURCH COUNCIL OF SS PETER & PAUL, DAGENHAM
BALANCE SHEET AT 31 DECEMBER 2023
| Notes | 2023 | 2022 | ||
|---|---|---|---|---|
| £ | £ | |||
| FIXED ASSETS | ||||
| Tangible | 6 | 4,627,861.00 | 3,984,905.00 | |
| Investments | 7 | 49,129.35 | 45,001.15 | |
| 4,676,990.35 | 4,029,906.15 | |||
| CURRENT ASSETS | ||||
| Stock | - | - | ||
| Debtors | 8 | 21,325.25 | 24,068.03 | |
| Short term deposits | - | - | ||
| Cash at bank and in hand | 231,324.91 | 196,007.04 | ||
| 252,650.16 | 220,075.07 | |||
| LIABILITIES | ||||
| Creditors: amounts falling due within one year | 9a | (9,712.40) | (6,005.68) | |
| NET CURRENT ASSETS / (LIABILITIES) | 242,937.76 | 214,069.39 | ||
| TOTAL ASSETS LESS CURRENT LIABILITIES | 4,919,928.11 | 4,243,975.54 | ||
| Creditors: amounts due after one year | 9b | - | - | |
| TOTAL NET ASSETS | 4,919,928.11 | 4,243,975.54 | ||
| PARISH FUNDS | ||||
| Endowment Funds | 10 | 47,544.64 | 42,209.96 | |
| Designated Funds | 10 | 12,000.00 | 10,000.00 | |
| Restricted Funds | 10 | 105,164.37 | 123,191.79 | |
| Unrestricted Funds | 10 | 4,755,219.10 | 4,068,573.79 | |
| 4,919,928.11 | 4,243,975.54 |
Approved by the Parochial Church Council on 27[th] April 2025 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 2023
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.
Short term deposits
Page 10 of 17
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
PAROCHIAL CHURCH COUNCIL OF SS PETER & PAUL, DAGENHAM
2. INCOMING RESOURCES
| Unrestricted | Restricted | Designated | Endowment | Total Funds | Total Funds | ||
|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | 2023 | 2022 | ||
| £ | £ | £ | £ | £ | £ | ||
| a | Voluntary Income | ||||||
| Planned Giving: | |||||||
| Gift Aid Donations | 30,463.96 | - | - | - | 30,463.96 | 41,342.96 | |
| Gift Aid Tax Recoverable | 7,615.99 | - | - | - | 7,615.99 | 11,485.73 | |
| Gift Aid Interest | 167.82 | 41.35 | - | - | 209.17 | - | |
| Collections | |||||||
| GASDS | 4,388.79 | - | - | - | 4,388.79 | 4,599.95 | |
| Non-GASDS | 577.50 | - | - | - | 577.50 | 302.55 | |
| Other Giving | - | 329.09 | - | - | 329.09 | 571.33 | |
| GASDS Tax Recoverable | 1,067.20 | - | - | - | 1,067.20 | - | |
| Gift Days | - | - | - | - | - | - | |
| Donations and appeals | 8,267.50 | 5,000.00 | - | - | 13,267.50 | 13,918.72 | |
| 52,548.76 | 5,370.44 | - | - | 57,919.20 | 72,221.24 | ||
| b | |||||||
| Activities for generating Funds | - | ||||||
| - | - | - | - | - | - | ||
| c | Income from Investments | ||||||
| Bank Interest | 1,112.78 | 829.89 | - | - | 1,942.67 | 174.64 | |
| Loyality Bonus/Rewards | 4.91 | 0.28 | - | - | 5.19 | 389.60 | |
| Dividends on Investment Funds | - | 22.23 | - | - | 22.23 | 42.34 | |
| Redemption on Investment Funds | - | - | - | - | - | - | |
| Rent: 1 Ballards Close |
14,100.00 | - | - | - | 14,100.00 | 13,200.00 | |
| 47 Exeter Road | 1,241.02 | - | - | - | 1,241.02 | - | |
| St Luke's Centre | 25,000.00 | - | - | - | 25,000.00 | 25,000.00 | |
| 41,458.71 | 852.40 | - | - | 42,311.11 | 38,806.58 | ||
| d | Income from Church Activities | ||||||
| Church hall lettings | 15,924.00 | - | - | - | 15,924.00 | 14,960.50 | |
| Bookstall | 362.50 | - | - | - | 362.50 | - | |
| Fees from weddings and funerals | 276.00 | - | - | - | 276.00 | 105.00 | |
| 16,562.50 | - | - | - | 16,562.50 | 15,065.50 | ||
| e | Other incoming resources | ||||||
| Accural Payments Write-Offs | 0.03 | - | - | - | 0.03 | - | |
| National Heritage Fund | - | 11,850.00 | - | - | 11,850.00 | - | |
| Cancelled Cheques | - | - | - | - | - | - | |
| First Steps | - | 363.88 | - | - | 363.88 | 447.66 | |
| Photocopier Receipts | - | - | - | - | - | - | |
| Energy Cost Grant | 2,280.00 | - | - | 2,280.00 | - | ||
| Insurance Claims | - | - | - | - | - | - | |
| 2,280.03 | 12,213.88 | - | - | 14,493.91 | 447.66 | ||
| Total incoming resources | 112,850.00 | 18,436.72 | - | - | 131,286.72 | 126,540.98 |
Page 12 of 17
PAROCHIAL CHURCH COUNCIL OF SS PETER & PAUL, DAGENHAM
3. RESOURCES EXPENDED
| 3. RESOURCES EXPENDED | |
|---|---|
| a Church Activities Missionary and Charitable giving Oversees: Anglican International Development Crosslinks iServe Africa Home: Becontree Church Christian Institute Anglican Mission in England Churst Church, Leeds St George's Becontree St Paul's Harold Hill Specified giving PCC Gifts Ministry: diocesan parish share Other ministry costs Staff Expenses Staff Salaries Youth Work Donation Refund Grant Ministers Training Church running expenses Church maintenance Church Ultities Exeter Road Hall 1 Ballards Close St Luke's 47 Exeter Road The Vicarage Rent: Minor Hall Rent: LCM Garage Graveyard Bank Charges Bank Interest Miscellaneous Expenses Audio Visual Children's and Youth Work Outreach Bookstall Printing & stationery Flowers Training 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 Designated Endowment Total Funds Total Funds Funds Funds Funds Funds 2023 2022 £ £ £ £ £ £ 1,200.00 - - - 1,200.00 1,100.00 2,400.00 - - - 2,400.00 2,200.00 1,200.00 - - - 1,200.00 1,100.00 - - - - - 4,000.00 1,200.00 - - - 1,200.00 1,100.00 1,200.00 - - - 1,200.00 - - - - - - 1,100.00 - - - - - 1,500.00 - - - - - 1,100.00 - 329.09 - - 329.09 541.33 300.00 - - - 300.00 1,091.70 |
| 7,500.00 329.09 - - 7,829.09 14,833.03 16,502.11 - - - 16,502.11 35,522.20 1,717.16 - - - 1,717.16 985.71 - 1,830.53 - - 1,830.53 944.20 - 19,174.70 - - 19,174.70 - - - - - - 375.92 - 264.23 - - 264.23 - - 7,243.26 - - 7,243.26 - - - - - - 12,989.43 - - - - - 6,261.33 7,046.52 - - - 7,046.52 1,546.60 2,487.75 - - - 2,487.75 - 13,362.73 - - - 13,362.73 13,481.67 4,311.43 - - - 4,311.43 5,628.46 1,592.09 - - - 1,592.09 1,126.03 2,444.61 5,263.72 - - 7,708.33 6,955.69 220.22 - - - 220.22 269.85 2,200.00 - - - 2,200.00 2,200.00 - - - - - 150.00 405.97 - - - 405.97 - 183.00 97.40 - - 280.40 201.60 0.07 - - - 0.07 0.26 188.13 - - - 188.13 630.32 1,806.52 - - - 1,806.52 1,172.13 1,074.16 - - - 1,074.16 961.43 952.01 - - - 952.01 279.65 121.87 - - - 121.87 279.65 - - - - - 417.71 - 31.27 - - 31.27 109.53 764.31 3,155.00 - - 3,919.31 4,998.89 1,032.14 - - - 1,032.14 879.56 - - - - - - - 457.33 - - 457.33 233.91 - - - - - - |
|
| 65,912.80 37,846.53 - - 103,759.33 113,155.11 |
|
| - - - - - - |
|
| - - - - - |
|
| - - - - - - |
|
| - - - - - - |
|
| 65,912.80 37,846.53 - - 103,759.33 113,155.11 |
Page 13 of 17
PAROCHIAL CHURCH COUNCIL OF SS PETER & PAUL, DAGENHAM
4(a) STAFF COSTS
| Gross pay Employers National Insurance Employers Pension Costs Average number of employees |
2023 £ 33,345.68 - 621.34 |
2022 £ 27,310.06 242.40 444.79 |
|
|---|---|---|---|
| 33,967.02 2 |
27,997.25 2 |
During the year the PCC employed an Assistant Minister until August 2023 and Ministry Trainee from September 2023, both full time. The PCC also employed a part-time cleaner throughout the year. Clergy are not included in the staff costs above as they are office holders not employed by the PCC.
The PCC employers National Insurance was £2,110.85 which was offset by the HMRC allowance.
No employee was paid more than £60,000.
4(b) PAYMENTS TO PCC MEMBERS
One employee, Reece Nash was paid in accordance with their terms of employment during the year. Reece is a Trustee and member of the PCC . He was not paid for being a trustee or member of the PCC. Measures are in place to ensure no confiicts of interest arise.
Four trustees (PCC members) received expenses to the value, in total, of £9,817 in respect of church and Church Hall repairs, travel and other costs incurred or funds disbursed on behalf of the PCC
5. ANAYSIS OF TRANSFER BETWEEN FUNDS
| Unrestricted | Restricted | Designated | Total | |
|---|---|---|---|---|
| £ | £ | £ | £ | |
| General Fund | (3,260.18) | - | - | (3,260.18) |
| Assistant Minister Fund | - | - | 2,000.00 | 2,000.00 |
| Ministers Training Fund | - | 1,260.18 | - | 1,260.18 |
| (3,260.18) | 1,260.18 | 2,000.00 | - |
6. FIXED ASSETS
| Cost or valuation At 1 January 2023 Additions Disposals Revaluation At 31 December 2023 Depreciation At 1 January 2023 Provided in the year Disposals At 31 December 2023 Net book amounts At 31 December 2023 At 31 December 2022 |
Freehold land Church Total and buildings equipment £ £ £ 3,984,905.00 - 3,984,905.00 - - - - - - 642,956.00 - 642,956.00 4,627,861.00 - 4,627,861.00 - - - - - - - - - - - - 4,627,861.00 - 4,627,861.00 3,984,905.00 - 3,984,905.00 |
|---|---|
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
| Market value 1 January 2023 Disposals at carrying value Purchases at cost Net gains and revaluation Market value 31 December 2023 |
£ 45,001.15 (1,340.98) - 5,469.18 |
|---|---|
| 49,129.35 |
8. CURRENT ASSETS
8a Debtors
| Income tax recoverable Prepayments and accrued income Other debtors LIABIALITIES 9a Amounts falling due in one year Deferred income Accruals for utilities and other costs Other creditors 9b Amounts falling due after one year |
2023 2022 £ £ 20,757.71 23,417.26 542.54 506.89 25.00 143.88 |
|---|---|
| 21,325.25 24,068.03 |
|
| 2023 2022 £ £ - - 956.94 2,425.61 8,755.46 3,580.07 |
|
| 9,712.40 6,005.68 |
|
| 2023 2022 £ £ |
|
| - - |
9. LIABIALITIES
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 Children's Fund Flower Fund Scuds Specified Giving First Steps Exeter Road Hall fund St Luke's Toilets fund Church Refurbishment fund Disignated Fund Assistant Minister 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 23 other gains 31 Dec 23 and losses £ £ £ £ £ 4,068,573.79 112,850.00 (65,912.80) 639,708.11 4,755,219.10 |
|---|---|
| 4,068,573.79 112,850.00 (65,912.80) 639,708.11 4,755,219.10 |
|
| 234.32 - - - 234.32 29,525.25 5,000.00 (11,325.20) - 23,200.05 24,304.71 41.35 (25,606.24) 1,260.18 - 175.38 - - - 175.38 251.01 - (31.27) - 219.74 330.55 - - 330.55 - 329.09 (329.09) - - 568.38 363.88 (457.33) - 474.93 14,572.62 22.51 (97.40) 30.86 14,528.59 1,097.49 - - 91.35 1,188.84 11,217.50 829.89 - - 12,047.39 40,914.58 11,850.00 - - 52,764.58 |
|
| 123,191.79 18,436.72 (37,846.53) 1,382.39 105,164.37 |
|
| 20,841.42 37,846.53 - 10,000.00 - - 2,000.00 12,000.00 |
|
| 10,000.00 - - 2,000.00 12,000.00 |
|
| 163.34 - - 15.26 178.60 16,584.03 - - 2,098.10 18,682.13 25,462.59 - - 3,221.32 28,683.91 |
|
| 42,209.96 - - 5,334.68 47,544.64 |
|
| 4,243,975.54 131,286.72 (103,759.33) 648,425.18 4,919,928.11 |
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 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 2023 |
Total Unrestricted Restricted Designated Endowment Funds Funds Funds Funds Funds 2023 £ £ £ £ £ 4,627,861.00 - - - 4,627,861.00 395.82 1,188.89 - 47,544.64 49,129.35 131,741.73 104,962.41 12,000.00 - 248,704.14 (4,779.45) (986.93) - - (5,766.38) - - - - - |
|---|---|
| 4,755,219.10 105,164.37 12,000.00 47,544.64 4,919,928.11 |
Page 17 of 17