The Parochial Church Council of the Ecclesiastical Parish of Brentwood-but operating under the name OF.. ST. THOMAS OF CANTERBURY PARISH CHURCH OF BRENTWOOD Charity Registrallon No. 113S103 REVISED FINANCIAL STATEMENTS for the year ended- 31st December 2023 Note: Flnanclal Statements revised on 27th March 2025 to corrgct the treatment of a legacy of £310,800 received during the year whlch was previously treated as a re8trict8d fund v4hBn in fact It was unrestricted.
The Parochial Church Council of the Ecclesiastical Parish of Brentwood-but operating under the name of- ST.THOMAS OF CANTERBURY PARISH CHURCH OF BRENTWOOD st Index to the revised financial statements for the year ended 31 December 2023 Legal ana adminsslralive infomation Revised Annual report stalemant of Twstees, Responsibilities Auditors, report Revised Slalement of financial activities for year ended 31. December 2023 Ststemenl of financial actiltieS for year ended 3191 December 2022 IComp8r&lNe¥l 10 Revised Slalemenl of financial position as at 31 December 2023 11-16 Revised Notes to the financial statements
The Parochial Church Coutkcil of the Ecclesiastical Parish uf Brentwood-but operating under the name of.. ST. THOMAS OF fANTERBURY PARISH CHURCH OF BRENTWOOD Legal and administrative information Vlcar Reverend Canon Mark Ntyth Partthlal ¢hur¢h Councll IPCCI R8ver8nd Canon Mark North {Chairl Mlchelle Jackson Ichurchwardèn and Vice-chairll Vacznl Ichurchwardenl Vacail IS&cretaryl Ci*ristJpher Horton (Treasurer} Fi7ther Matthèw Austen ICurale- reswJned In Augusl 2023) John Bltromfield Martin Biod Mia Davies (resigned in May 20231 John Gibson John Gowlett Dennis Grante David Howard Lesley Lynil Ross'morrèll Anthony Painter- Emma Pye Carotyn Robertson David Rooke Alexander Tann Church Sl Thom8s' Church St Thomas. Road Brentwood Essex CM44 4DB Audltors Crowley Young Chartered Accountants Devonshirè House One Mayfal,. Place LorKlon W1J 8AJ Investment Manaye CCLA InvestmÈnt Management Limited 80 Che8psKIè London EC2V 6DZ Ban Natwest Bank 46 Ftigh Stt Brentwood. Essex CM14 4AL Pa8e I
The Parochial Church Council of the EcclesiasticJl Parish of Brentwood-but uperating under the natne of: ST. THOMAS OF CANTERBURY PARISH CHURCH OF BRENllvooD Revised Annual report of the Parochial Church Council for the year ended 31 December 2023 Admlnistrative Infomiatlo st.TrnaS of Canlerburyi Church is situaled in St Thomas Road Brenhvood. It is part ol The Diocese of Chelmsford within the Churth of England.The Corresponden address is The Church Centre, St Thomas Road, Brentwood CM14 4DF. structure. governance, and management The m4hod o13ppointment of PCC members Is set OLrt in th8 Church Representation Rules. All eligible Church attendees are eneoLxaged to register on the Elecor81 Roll. attend the Annual Parc¢hi31 Chwch IAeeting. and sland lor ekGtion to the pcc. The PCC has revied the holdlng and prwes5ing ol data for lègal, personnel, adminislratwe and management purposes and in particular lo thè processing of any'sensitive pers(>nal data" las defined in the General Data Protection Regulatioii elleclive frotn the 25th May 2018). The PCC has a pollcy which is available lo parishioners and the public on request ISÈ Thomas s Dsla W7vacy PoliGI4. Objectives and actlvities St. Thotnds of Canletbury PCC has the responsibility of ctroperaling w((h the Vlcar. in promoting wthin Ihe parish the whob Mission ollhe Ch"urch, pastoral, evdngelistrjc, social and ecumenical. It also has Maintenan SponSibl11t1eS for the Chuith. the chUh Centre, Stokes House (for clergy accA)rnrnodationl and the flats at 29 and 31 St. Thomas Road. Achievements and performance There are 16912022." 1671 parishioners on the Church Elecknral Roll. 96 of whom are not rests4enl within the parish. 6 names were added during the year and 4 weie removèd through death, requested r¢mOal or because thèy moved away Irorll the paiish. The average weekly attendan in 2023, counted during October was 219 adutts and 38 children, vihich is an approximate 47% increase over the attendan rye8suced in 2022. In 20£3, there was 1 confirmaion Jpervice carried out. wlh 43 candidates C4)nfwmed. 27 d)ildren and 6 adtilts rethved the sacrament ol baptism nd 5 couples were married in the church. In additon, the parish cle.'gy and licen lay mini¢lers Coiiducled 9 funerals in the church ap.d ai lu¢al trematoriLJm and cemeleries. We conli.TlU¢ to live stream Oui services using our Facebook and YouTube aunt$ aKJ this o)ntinuesto play an important role in developing the spiritual life ol thè parish. The clergy and licensed lay ministers have managed lo offer daily live strèarned moinin9 and evening prayers. Serviceg in the church are held over 6 days during the week wth 3 seTrJices on a Sunday. with an addrtna1 Family Mass offered on the second Sunday each month. Addrtiop.al seN'ices are provided on Festivals an¢ Hoty days. The Churck. is usually tspen every day for prayer, informalion and as a sacred se for visitors. The mbnistry team of defgy and licenced lay ministers havg continued to support other churches within the deanery. leading worship and condLCting pastoral offices 35 réquired. Home group5, prayer groups and study groups continued to rneet throughout the year using a blend of online methods and in person fellowship. This includes running the Alpha coutse iwice a year and the course in Christian Studies which are open to all. Roview of the year The full PCC mel six times during thè yèar ja mix of virtual and in-person meetings) With an aage level of tendan cf 66 per nt. Committees mel between meetings and mw)ule8 of their deliberations were received by tho full PCC and d',scussed where necessary. Worship has continued lo be live streBmed to faciliale the ilwolvement of those who are housebound or w)ablè.to attend in person er,d lo acl as an online wiydow for the pxcellence in worship that we seek io p."?vide. Our use of social media has been rnaintajned during the sjear and we ave See a Steady increase in those eng8ginu with OLJr Ife through this actiiij:5'. We have also used our online sliop lo good effect, r,iaking it easy lor people io donate xnd purchase iternb lo aid theii. dwotional lile.such as Lent book5 and Auvenl calendars.The Friends of St Thomas h8ve run Easter adivilies, a c&-015 and chilli night, supported two youth MUSI conGetts held during the year and a chr15tm.as raffle. Additional activities have bèèn arranged by volunteers whi¢ Include a Christmas Theatre Trip and regular Wednesday mornin9 Cake and Cuppa gatherir,gs. The parish website is continually updated viith the late51 information about Churth aclivities and wè usè our datsbase of coniacls to promole social aotivitiès, worship and information about liiiing the Christian life. The Mistsi04s and Clarities Support this year werè the Royal Brrtish Legion, Churth of England Ci',dren's Srtiely. & FrancAS Hospi. Chiistian A¢d, Addrtional CL5rates soCtY apd Forward in Faith. Page 2
The Parochial Church Council of tlie Ecclesiastical Parish uf Brentwood-but operating under the naTne of.. sr. THOMAS OF C.ANTERBURY PARISH CHURCH OF BRENTWOOD The Church has continued to acl as a cglle¢tion ?oint for Ihe galheiing ol IHiye amounts food and hoL's?hold requiiemenls to give to the locally th.urch-nJn Food Bank, including ¢onts'nuing emergency help to various callers in need. The Chuickn continues to be challenged lo lun evènts due to a shortlall in volunteers rosS the full range al actNities we endÈ8vourto provide. This is reflected in the vacancies we conlinue to have within the PCC and other administrative roles. However, this loss of income has en partially oysel by an increase in the use of our facilities by outside pwts.es lo hold community ekent5 and Glubs. The PCC ha5 Ccntinued lo scruiise and monitor costs. partieularty th the IMpt of IreaseS in Ihe cosl of energy aThJ other utilities. Our Parish share contribution increased in 2023 to 810A of the requested amount.. The PCC h'as ctsntinued to recover VAT under the Listed Places of Worship GovertNnent Scheme felatin9 to its restoration aj mnIanCe wor Our mission to youngu people has been maintained wth a regular nurnber of sthool Euch¥isls held at the Sch1$ and in the Church, and during tarm times, our normal Fridaymass has been held al Becket Keys Secondary School. We have continued t¢ run the Voice for Life scheme for our choristers and supported our youth through the on-wing St Thomas Kids Club who perfomi at our Youth Uon¢grts in May and December, cDvering both singing and drama 3tudies. Revised Financial review Unrestricted fund8 Total unieslrirted ful receipts were £501,62812022.. £192.6011 and are detailed in thè Rewsed Statement of Finanaal Activrties, of which thè Sl.Thomas Road woperlies provided a gross income of £24,88812022'. £",9,9731. Expenditure of £237,54312022.' £203.140} wgs iftrrred to provide the Christian rr.inistryfrom St.Thomas Church, including church. hall and Stokes House repa',Is and maintenanee of £19.31712022.. £23.4371, and Ihe voluntary contiibulK)n to the Diocesan parish share (the amount requested beip.g an allocation made ty Dic>cese to each church in the parish) of £84.069 Id021.' £54.1801. The net result for the year. before transfers, was an excess ol inu)me over expendrturè of £264,08512022'. excess of pxpendilure over inttom8 £1Q.5391. Unrestricted lunds at 31 Dernber 2023 werè £385,37412022= £121.2891 These include a legacy of £310,800 receIvj ) the current financi31 year from Maureen Oakley which is designated for future major projeds Restricted funds Restftcted funds in 2023 indude.. the remaining funds from a bÉ4lJèSt made in 2017 with a fin81 payment receNed in 2020 undei the will of Father Bames, who was a prtr)ious cuiate at St Thornas. lo the ViGar and Churchwardens of St Th(a5 Church Breniwood. the Ignaining lunds from a bequèst made by Anne Jarrett, lo the Var and -hurchwardens of St Thomas Church 8rantiNood in 2020 funds raised specifiG8lly for Music relaled initiative5 as detaId in not8 13 on page 16 of Ihe financial statement5. the remaining funds are sel asid13 lor general resloratK)n propcts planned in lulure years At 310ecpmber 2023. total iestricled funds amounted lo £43.71212022. £45,586). EndovMent fund5 Perrnanent endowment funds 8rÈ to be permanentty retained lor the benefit of the PCC as a capfLal fund. the income therefrom to be used for general purposes at the discTelion ol Council. The permanent endowment funds are detailed in note 12 on page 15 to the f5nanoal statements and at 31 Dècémbèr 2023 amounted to £559,441 12022". £562,312). The investments, foming part of the fund Incfeased in value by £3,529. Reserves Pollcy The reserves.policy ofthe Council is to maintain a level of reserveswhich will provide a Stab base for the PCC'S continuing aclivilies whilst ensuring that exs1Ve funds are not arKiJ mulated. The Counal review the re5etves policy on a regular basis in orde¥'to maintain reserves equaling ltr two months of unrestricted expenLliture, 8xcluding future depreciation charge5. Al 31 December 2023, the PCC had unrestricled reservos of £385,37412022.. £121.289'. Page 3
The Parochial Chur-h Council of the Ecclesiastical Parish of Brentwood.but operating under the name of.. ! ST. TIIOMAS OF CANTERBURY PARISH CHURLH OF BRENTWOOD 11 is the pclicy to invest excess fvnds with the CBF Church of England Deposrt Fund. Approval This report was approved by the PCC 27th March 2025 and signed on bèhalf by.. Reverend Canon Mark North Chair of Parochial Cliurch Coun¢H Page 4
The Parochial Church Council Lif the ELclesiasrical Parish of Bret]twood-but operatlnE under the name of: ST. THOMAS OF CANTERBUP.Y PARISH CHURCH OF BRENf¥VOOD Statement of Trustees, responsibllltSes in respect of the revised financial statèments The trustees are responsible for preparing the Annual Report and the revised financial stslemenls iry accoidance with applicable law and United Trfj"ngdom AOUntIng Star.rJards Wii ited Kingdom Generally AccApted AcLounting Pradicel. The. law applicable lo Charities in England and WalÈs rèquires the trustees to prepa the financial 5taternents for each financial year, which give a and fair view of the slate of affairs of the charity and of the incomiDg resources and application of resoutces of thè charity for that year. In preparitv3 those finan¢i81 statements. the tru8tee8 are QuIred lo.. select suitable awgunting policiero aiid then aplY them consistenlty- observe the methoas aThl principles in Ihe Charities SORP; make judgèments and estimates that are reasonable wudenl.. s.ate Wheth applieablè accouniirig standards have Èeen folk*wed. subjed to airy malerial departuies dlsdosed and explained in the financial staterr.ents', prepare Ihe financial 5tstemènts on the going c4Jncern basis unless it is inapwopriale to presume Ihaf the drIlY will conlinuG li the businesy. The trustees are re5ponsiblÈ keeping proper accoun1ing records that disclose wtih reasonable accuracy al any titne the rinanrial position of charrty and enable Ihem to ensure that the financial sl8temènts comply wilh Ihe Charities Act 2011. the harItY IAccoLJnts and Reports) Regulations 2008 and the provisions of the Trust Deed. Tley are also responsible I $3leguarding the assets of the charity and her£ foi,taking.ie8sonable steps lor the pievenlion arKI detection of fraud and other irregularities. The trustees are responsib lor Ihe maintenance and integrity of Ihe charity and fina91 infmation include(J In the Charrty's website. Page 5
The ParoLhial Church Council of the Ecclesiastical Parish of Brentwood-but operdtir.g unde.. the nariie of. sr. THOMASOF CANTERBURY PARISH CHURCH OF BRENTWOOD lTr4DEVNDENT AUDITOR'S TIEPORT TO THD; TRUSTEES OF ST. THOMAS OF CANTERBURYPARISH CHURCH OF BRENI'WOOD FOR THF YEAR F.NDED 31" DECEMBER 2ts23 Oplnion We have dudited the revised financial stateThJents of St I'homas of Canterbury Parish Church of BrentwoE)d for the year ended 31 Decejnber 2023 Nvhich comprise. Rcviscd Statement of financial Activitie.?, Rcvised Balance Sheet and ieviseL notes to the financial statementb, i:IcILiding a surnmap... Df significant accouTrting policies. The fu]an¢ial reporting framework that has been applied in their prcparati(Trn is applicable law and United Kingdi)m Accounting Stdndard& including finaiicial Reporting Standard 102 7ke financial Reporling Siondard applkcable in Ihe UK and Republic of Irelaphl{United Kin%dom Generally .4c¢ericd Accounting P.?¢,tice). In our opinion the revis tinancial sialem¢nts'. give a tNe and fair view of the Sta1 of the cnarity's affairs as at 31 f)ecember2023 and of its in-omingr¢sources and application of r¢source5 tor the >'ear thcn cnded. have been properly prepared in cOrdance with United Kingdom Generally Accepted Accounting Practice: apd havL bccn pretmred in acco-,dance with the rtrquiremenis of the ChaTili¢s Aci 2011. Basi$ for opinion Wc conducted our audit iii a¢cor(knn¢¢'with 1nlernational Standards on Auditin& (L'K) IISAS (UK)) aiid applicable la,. ()ur re5wnsibiliiies underthose sLandarJre furtherdes-ribed in the Auditor's r¢spbnsibilities for rheaudii of14e r¢vi%cd financiti StAtemt.n_ts section of our.rePort. We are independent of the ¢haTily in accor(lan-e with the e.thiL21 reqli1m¢Thts hat are relevant to our audit of lh¢ finartial 8lateIn-nts in the UK including the FRC'S Ethical Standarl and the provision8 8vailable for small ¢lltilies, we have fvlfilled our oth¢r ethical responlibilities in accordance wilh these requirctn¢nt5. W¢ believe that the audit evidehce we have obtaiiied is sufticient and appropriate to prowde a basis for OtiT ODinion. ConclusROTrS relgling to golng concer We nothng tJ Teport l1h respect of the following rnatters in relation to which tbe ISA.. you where.. rho tnistees. use 04 +fr.e going COT)cem basis of accounting in tiie preparatioi of the financial statemcnt5 is fjcl appropriate- or the tru5tee5 hairc not disclosed in the financial stateinents any identified iiaterial uncertainlies that niay cast significant doiibt about (he group's OT parent charity's ability to continu¢'tO 8L4opt the gyo*r.g concern bB5Is of arxounting ft>r a period of at l&¢4Sf twelve months from the date when the fsnah¢ial statemei.'ts ar¢ authori5ed li)r issue. jUK) req'jire us to report lo Other information The tru8tccs are responsible for the ottrier info]TnatiOt]. The other infomiation comptiies the inforniation included in tle annual rcport. other ihan the finan¢ial statements and our audilor's report ihereon. Our opinion on Éhe financial siaiemenrs does not cover the other infomiation an(L except to th¢ extent otherwise explicitly stated in our report, we do not cxprers any form oi a>suf0nce conLlusion thre011 . In connv¥lion wiilvour audii ol'the fin?nL'ial statem¢nt4 Out responsibility is to readTihe other infomiation an(L iy doing so. conside.- v,b¢tb,er tlje other infumaiion is materially inconsister.t wilh the finap.clol statements, or our knowled8L obtained in the audit 01 otherwise appvars to be v]at¢rially 15stated..]f we identify Such mateiial inconsist¢p.ciefj I apparenr Inat¢rial mi5siatrments', we are required to d¢terniine whether there is a material misstaiem=nt ill the finan¢ial statPllients or a material Tllissiatemeni ofthe othei. infomiation. If, basEd on the work we Iiave perfomied, we ¥onclude Ihdt there is a niaterial misst8temenLofthis other information, we are required to rcport that lact. We hawe T)Othin¥ to tepoil in this regard. i atters which we #re required to report by exceptton We have nuihing to report in respect of the following matters in relation to K¥'hieh ihe CbArities (Accounts and Reports} RegUtionS 2008 require us to report to you if, in our opinion.. (4e inforrnalion given in thtt 1]rCIal ¢.dtementS is inconsistent in any material Tespect with the trustets, report. or iufficieni accounting r¢¢ord5 ha>'é not beeli kept. or the Lhariiy'S financial stoternen:s arc not in agwmeni with the accouptillg r¢cotds' or we hai'e not received all t,Ic infom)ation and explan2tionts wc iequire for 4)br audit. Page 6
The Parochial Church Council of the Eccle5iasfiral Parish of Brentwood-butoFerating under th2 name OF- ST. THOMAS OF CANTERBURY PARISH CHURCH OF BRENTWOOD Responslbllltles of trustees As explainpd MO fully in thc tru5tees' resoongibilities srat¢ment s¢f (iut tR8e'5', the trustees are respun8Tble for the pr>parAtion 0¢ financi31 statemcnL8 which give a true anil fair vie%v. and fL)r such internal control as tl)e trustee. dctCTtnine i necessary to enable t pretAration of financial sraiements that are free fro maIerial misstatem¢nL whether die lo fraud L)r erro In preparing thc firnCIal siaiemenis, the ttwstees are r¢5ponsible t.ur assessing the. charity's ability 10 continuc a) a going concem: disclosir.g. as applicable, matters relaied to going concern and using the goin&¥ ccricem basis of aCconting unless the trusiees either intend to liquidat¢ the group or the parent charity or to ¢ea5e operation& or have no realistic altcmativ¢ but to do so. Auditor's re5ponsibililit$ for the audlt of ihe financiv_l staterneDts We have been appoint¢d 0$ auditor linder section 14$ of tlie Charilie5 Act 2011 and ieEY.rt in a¢cordance wiith regulalions made or liavirg effect Iher¢under. Our oEjecliwes are to obtain re*iSOI'.able assurance dhoul wliether the fjnancial statements as a whole. aic frce from material misotatemenL whether di lo frAud or error, and to issue an auditor's report th2t includes our opinion. Rcasongble assurance is a higtrh level of assJran¢e but is not a bJuardnte¢ that an audit conducted in acLordaiice with ISA% (UK) will alwa)'s detect a maierial misstateM¢t ..¢4) it exisls. Missiatements can artse fraud or error and are considered material if, individually or in the aggregate. they could reasonably be expected to influence the economic decisions of IJNers laken on the basis of the.Èe financial slatements. A further descrsption of our spOnSibl17t1eS for the audit ot the rinancial stalements is located on the Finan¢:al Report n8 Council-'s website at.. ww.Iv.frc org.uklaJdilorsresponr4biliti¢s. This description fomis part of our audilor's rewrL Use of Our Repor¢ This report is made solely to the charity's tTUbteeg as a body, in ac¢ordance ivith Part 4 of the CharitiC5 (Accounts and Reports) Ilegulalions 2008. Our audiS'wLirk hds en undertaken so thAt we might state io the charity's trusiees those mallers ive ure required to state to thetn in an audiior's port and for no other purp05e.'To thc fullest cxtent pennitte.J by law. we Jo not accept or assum¢ responsibility to anyone other than the charity and the charity's trwritts as a body> for our.audil work, lor this Tepot.'or tor the opinions we have fornicd. CrovJ C.rowl¢y Young Chartered Aecountants and St>lutory A4dé¢or L¢vel I Devonshir¢ House One Mgyfair Place London WIJ 81 Dalc.. If Mofc 2025 Page 7
Thp Paro¢hi211-hurch Council of L4e Erclesiaitical Parish of BrentWTood-but opprarinbv under the naffle of.. ST. THOMAS OF CANTERYLIRY F,ARISH CHURCH OF BRENTWOOD Revised Statsment of Financial Activities for the year ended 31 December 2023 Incoming Resources Nr)1os Un?strictrd R•stricted EndowmÈiit Funds Funds 2023 Donations Other Voluntary Incoming resources 410.80D 410,800 22,143 22,14.3 Charitable Tr*ing In¢oine fr(xn investments 48,077 8,539 12,069 48.077 12.068 3.529 Other incoming resLwrces 2,730 . 14,799 Totsl Incomlng Rgsour¢es 501,628 2,730 3.529 S07.881 Resources Expended Grants and Donations Actiwties related to Church Work 2,549 213.974 1,020 2,549 244,978 1,020 4,604 8.400 M¢inagernenl and administration Total ResOue5 used 237.543 4.604 6.400 248,547 Net Incomingl {Outgolng} Resources belore transfers 264.085 11,8741 12,8711 2S9,340 Transfer between funds Net Movement in Funds 264.085 11,8741 12.8711 2S9,340 Funds at 1 January 2023 121.289 45,586 562.312 729,187 Funds at 31 December 2023 385.374 43,712 559,441 988,S?7 The notes on pages f I to 16 fom? part of these rtrvised financial statement& Page B
I"he ParocP,Idl Church CouEJciI 0 the Ecclesiastical Parish of arentwood-but operating under the name of= ST. THOMAS OF CANTERBURY PARISH CIILiRC.H OF BRENTWOOD Statement of Financial Activities fi)r the year ended 31 December 2022 (Comparatlves) Incoming Resources Notes Unrestrlcted Restrictsd Enrlowment Funds Funds 2022 Donatn$ Other Voluritaiylncoming reksuurces ctiarit&Lle TdIng Income fm. i.Yvestmerts 123,926 123,92t• 16.48t 16 481 41,206 1,808 9, 180 137 4t,343 (3. 197) 10.966 (S,(5) OttR8r incoming r8sources 1,786 Total Incoming Resourcès 192.601 1.923 (5,LW) 189,519 R¢sources Expended Gr8nts and Don8lions AGfr1vilS lated to Chunh Work Managemenl 8nd admirnstralion 2,544 199.422 7, 1.74 2,544 211,0"62 1, 174 5,860 6,400 Total ReSoUeS used 203,140 5,860 215.400 Net Incomlngl (Outyolnq) Resourc¢)s before transfers f10.539) (3.937) (11.405) 125,881J Transfer betweèn funds 15.000 (15.000) Net Movémont in Funds 4,461 (t8,937) (11.405) 125.881) Fundp at 1 January 2022 116.828 64523 573.717 755.068 Funds at 31 DKember2022 121.289 45.586 562,312 729,187 The notes on pages 11 to 16 ffornj part of these revisod finan¢lal statempnts. Page 9
The Parochial C.hLDr-h Council of ,'he EccleSidStiLal Parislk of Brenhvood-but cpe13ting Lnder he name of.. ST.THOMAS OF CANTERBIIRY PARISH CHURCH OF BRE.NThFOOD Revised Statcment of Financial Position as at 31 Oerember 20:, Notes 2023 2022 FIXED ASSETS 580,849 621.L32 INVESTMENTS 41,043 37,of14 CURRENT ASSETS Debtors 10 .14,265 10,595 73,768 84.363 Bank balanS 374,326 CURRENT LIABILITIES 11 7,691 13,922 NET CURRENT ASSErs 3e6.635 -, 0.441 NET A5&s £988,527 £729,187 C.1SIITAL FUNDS Permanent endowments 12 559.441 562,312 INCOM& FUNDS Restricted funds 13 43,712 385,374 £988.527 45.586 Unresth'cted tunds £729,1117 Approved by the CouncAI on the A71 of March 2025 ard igned cn its behalf by.. Re.verend Canon Mark North Chair of Parochial Church Couneél The notg.s on pages 11 to 16 fomi part of these revised fmancial statements Page 10
I'll e ParoLhial Church Council of Ihe Ecclesiastlcdl Parish of Brentwood-but ophsraiing under the rlarne of= ST. THOMAS OF CANTERBURYPARISH CHURCH OF BRENTWOOD Notes to the revised financial statements for the year ended 31 De¢ember 2023 Ac¢ounting policies Accounting conv•ntlon The fip.On¢ial slatem.enls .I8.'e prgptrod u.IdÉr the hi%larical cost convention as nlif.ed by the rev&bJation of 2nd buiklings and in¥eslmant&. whKbTr are included al tsif ¥3iUe. TFie fin¥n¢idl $tat8menls ha'ie tyeeTh preoared in a¢oord#ne FR12- The Finaial Rewrting Slandard apklicablsb in the UK and the Republ of IrelaDa and ¥e requiremep.ls of Ihe Chariiies Acl 2011. Iipancial slaternents preparéd in sterling, which is the fup.¢lional currency of Ihe Charity. K4onetary amounts in these fina181 staleThnts are rounded lo the n8ar6St £. Fixed Js5ets Fixed assets are slated 81 c05t (les$ any grants) u ¥alual¥)n. $ depre¢ialk)n. Indlvldu81 assets co$ting bssthan £1,000 are not capilalk%ed. DeprratIon is provided on tangible fixed asseis at ies ¢alcuK8ted lo write off the cost on a reduclftg b21aice bas15 0¥81 t1 expectad useful econorriK li+es as foll(wis Freehold properts'. 1% per arinum, slraighl line Fn1Ure and pmen1.. 25% per ?nnurn, Strht iifio Inveslmenl properties held LO earn ntaI9 andlor for capi1818pprecialv)n or& meosured at lair valu& al the rsporllThJ dale. The surplus oi defKil on revalugtion i% rewgnized the Slalemenl of Financial A¢ifiiitS. Wbere the fairvalue canncl be a¢hd withou& undue cesl Of effort, Inve&1mt propert'es are held as tangible fixed asset5. Ir.vestmèp.t8 Inve91ment8 held as fLxed os$0ts are sialed al markel value. Those held a5 ¢urreai assels are slated al Ihe l¢)wer of cost and net realiiable v31ue. Ineothing re80urc08 All incorning resoyr¢es 21e includee in the Slatèmenl of Financial ActNities en the PCL 18 legaity enlAlad 10 the irto'.n3 and the awunl Gan be quanithed with feasop.abje accurac5'. No amounls are irlded in the financial statements donated by volunteers. Resources expended Expervjilure i5 acGounted for on an a¢¢ruals basis, Inclusrie of any VAT. which tannoi be recovered. Expendilure, which is direclty axribUtab lo specffic aCtrt. has beeD iricluded in these cost C8tegorEs. WheTe tosts ore IliibJiable to morethan Or aclivily, Ihty have been apportioned acioss Ihe cost C8legc•ies en a b8S15 co1s16tenIwthh th use of Ihese resour-es. Cash flow statefflent The Luitncil has 81ected to lake ad¥8nlage ofthe exemplion under FRS102 not to prepare a cash s18ternèni. Expndltuiè ort managomant and admlnl8tratloA of tho charlty Admini$tralion 8xpendJure inclu(Jes all expendttu¥e not directty related to d)arl¢abk a¢1krt or fundfaisin9 ventuies. Pagell
The Parochial Church Councll oltlje LLclesia5tical Parish of Bre_ntwood-bii npei?ring under.he name of- ¢T. THOMAS OF CAN'TERBURY PARISH CHUP.CH OF BRENTWO¢D Notes to the revised financial statements for the year ended 31 December 202 Incoming resources UnTe$tri¢tsd Funds Restricted Fupds Endowment Funds 2023 Totsl Funds 2022 Totsl Fun0$ 2 Donations Planned giving". CokEnar,led Subs. & Envelopes I(9[e lax iecoverable CAF & PGS Plate ColleLions General Dork4tions Legacies a,Id 5equesls Covernment Grallt 17,1C.7 21.928 20.428 5.621 9..116 310.8CN) 760 410,800 20,428 5621 3.816 5.185 9.7e6 1?3.9&6 310,800 760 410,8en 3 Othèrvoluntary ip.eomlng rèsources Baz33r, Promises, Chaits, Fabric. Concerts, Clioir 22,143 22,143 16,481 t2,143 22,143 16.481 4 Income from Charitsble Trading magazin.e 8ookstali Church Centre Church & Hall use Fees Rent V.)+j¥'e Cand 14 1.Cf)8. 1.095 1,095 5,953 14,068 24.888 2,064 5.953 2,588 15,01-' 24.888 2,060 .2.615 48.077 48,077 41.343 Income fmm Investments 8.539 1808 ILJssIIGain on stments J,529 lJf.(K)5j 13.1971 8,S39 3.529 12.068 other Incorning Resources Ciirate Housng Credil sl Thomas N4us FoundatH)n 12.069 12,C69 9,180 1,7RS 2,730 2.730 12.069 2.730 14799 0.966 Total ihcomlng resource¥ 3,$29 607,887 189.$19 501,628 1730 Page 12
rhe Parocnial Church Council of the Ecrlesiastical Parish of Brer.twood-bui operatin(v updei- the nan.e of.. ST. THOMAS OF CAfvTERBURY PARISH CHURCH OF BRENThVOOD Notes to the revised financial ststements for the year ended 31 December 2023 Resources used Unr8Strictsd RerIcE•d ndowm8nt 2023 Tot31 2022 Totsl Fund5 Funds Funds Fund8 Fundi Grants and donations Missions & ch811tie5 1,917 632 1.917 632 1,600 944 Donation to schoo 2.649 1549 1544 6 Actl¥itl¢$ relating to ChurcllwoTk Minlslry.. Par slar8 Clergv trabel and costs anctuary Gosl$ 84,C5 84.C69 5.297 54.180 5,370 1.800 Electrrity arKJ gas Telephone. Church Cenlre, Flower5 and Misce112nfrous expere5 ljpkeep of ServKe$, Vestments, Misskjn Church and hall ip.suon¢e 18,970 18.970 18.'Q29 12,784 12.784 13.155 4.174 4.174 6.167 8.480 14.381 6.4C 24,3 8.451 8.451 Chur¢h ty.dintèn3nc8- general Cleaning Ilusic co%ls, Cnoir Consultant Fees Bo?k$'.all, Eols. Fees, and Vrytwe Candles Costs Sl. Thomas. Road property repails bl Thome5 bAusic Foundation Expertses Depreciafion 10.775 10.77ti 6,615 29,760 6,615 29,760 9.891 9.891 7.482 8.542 8.542 4,804 40.383 9.668 5246 4.604 33.983 6.400 35.463 233.974 4.604 6.400 244.978 211,582 7 ChUh nagement & Admlnlstratlon Sbwardship expenses Audi fees 154 1,020 1.020 1.Q20 1.02Q 1,D20 1,174 Totsi iesourc85 US 237.543 4,604 6,400 248,547 5.400 Page13
T"ne Paro=hia Lhur¢h Cnuiicil cf tbe F,ccleslastical Pari-.h of Brenood-bur operatiiikJ unde," the nai)ie of.. ST. THOMAS OF CANTERBURY PARISH CHURCH OF BRENThIOOD Notes to the revised financiili ststsments fof the year ended 31 December 2023 Tangiblo flxed assets Co$tJvaluatlon Fr8ehold Furniturè and equipmenl Totsl propèrtle8 At 1 January 20£3 Additions 640,CfJO 174.644 814,644 Al 31 Deeèrnr 2023 640,000 174.S44 814.G44 Depreciation At l January 2023 Carge for year Al 31 Dtscerntr 2023 115,200 6,400 121,600 78,212 33.983 112.195 193,412 2J3,795 Nèt book value 31 December 2023 518,4QO 524,8QO 62N49 96,432 580,849 31 December 2022 Tb,e freelald properties, which are held by Tn8 Clelmsfoid Dioce54n ooard of Finar,ce on behalf ot the PCC, werè beestlied to ihe PCI= mariy year># ago and ale included at open ma(kc.t value. Howevet, the propor.ies are 5ubiec'l +0 the restrirtions referied lo in the respective conveyances fjf the properties. Tivo ol the rTopertie5 3re held as investment properties and are not deprecialpd. Investments CBF Churih of England In'iest.ment Fund M8rkel valLe Al 1 Jandary 223 P.evaluation 1310ecembeT 2D23 37, Jf 14 41,043 10 Debtor5. 2fv23 2022 Incorn8 lax.rewveiab PrepayNien+.s Accounls receNable 2,528 6.488 5.249 3,343 1,306 1C,595 14.i65 Less Provision doubtful detts 14,265 10,595 11 Creditors 2023 2022 Accounts payable and ad .d((Ure 13.92 7.691 Tr"age 14
The ParGchial ChurLh Council ()f tb.e Ecclesiastical Parish of Breiitwood-but operdtLfL8 undEI' the ftar ol: ST. THOMAS OF CANTERBURY PARISH CHURCH OF BRENTWOOD Notes to the revised fiiiancial stateThienls for the year ended 31 Dacember 2023 Muisell Memprial Fitnd Scblool Ilusl= Tiust Property IndS Clra1 Fourbda:lo 12 Endowment funds Total At t January 2023 unrealEd gainllltsssl Depr¢dats"on 524,800 23,366 2,198 4,442 41e 913 16.4QOI j6:40Il Al 31 DerEfflber 2023 S1a.400 25,564 10,617 4,860 559,441 pi.. M&fk8etl Memorial Fbnd School Lhoral Found¥Jl OA Endowment fvnds rolal At l Januwy 20?4 U.ryre8hsert gwrftloss) 531,200 26.483 . f3.177) 10,&S9 ,035 573, 717 (of,trJ5J {6.doo) f6,éOOJ 31 G6C6th5er2022 524.800 23,966 9,704 56• 412 PropoTtri i unds- represei Its the C..rate'" nJu5e ai 27 St Thomas Road and Ihe118tC 29 and 31 Q.t ThorpJs Road a¥ ol wk,icli wer& beouea4hed 115 the PCC mariy s'ears ago and are held ty Thè Chamsfor. Di0sa..1 Board of i Inne oi) oel8lf of PCC The rental IncMe from the tlats lie by the PCL lor"'crwal Pu'rpose? bLt P-lrti.",Uiarly loi" the n'.ainten8nce of the LLKaLe's hcL'S Choral Foundation- ineoma to Tr)e used lor niair*t8ining the musical tradition at St Thomes, N Mansell Memorial Fund- ilicoe to be used for 8SSislanee ol organ scholars. Sclool fiusi¢'fTh¥t- iftrJ)me lo be Jsed lor the purchase ef musin for the Sl Tromas. Ichools, Page 15
The ParonIal Chiii'ih Louncil of tt)o. E'rlesSasriLal Parish of rentsd-but opprtiiig ur.der thp naTne r).. ST. I'HJM&S or.. CANTFRBURY PARISII C14URCH OF BRfNTWOOI Notes to tb.e rebised fiDan¢ial statements for the year ended 31 Oecemb&r ?.023 13 Restricted Fund¥ Father Barries Legacy St Thomas Genernl Mu$ic R•toration Foudallon A Jarrett Legacy Total Al 4 January 2023 4071 2,101 11,974) incon-inwloutgoingl rescrrAS Ioi the }Fear 1.8741 Al 31 De¢emkr 4671 43,7'12 Re5tiicted Ftmd5 Fathy. BaTnes l.ega¢y TIlaS Ganoral Rest¢+rlon Fodndarion Legacy Tctal At l JanddlV.20£'2 20,673 33.141 5, 146 5,5t53 Net in.0m1.710Ulg0igJ rcsnL'f¢ot foryg3r {15,OOOJ (475} (3,462) {", 8,937) Al JI 0g(>ipber 2022 14 Analysls of net a55¥ts be1wn fvnds Jnre?tr:"t¢d furtds Restr¢cted funds Endowmeirt Fundi Total fuiids Fixed 3rsel 62,44 518.400 41.043 Invertsnenls 41,043 322,925 4.3,712 i?) 366,635 Totsl 385.374 43,712 559,441 588,521 Page 16