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 Registration No. 1135103 FINANCIAL STATEMENTS for the year ended - 31st December 2024
The Parochial Church Council of the Ecclesiastical Parish of Brentwood-but operating under the name of: ST. THOMAS OF CANTERBURY PARISH CHURCH Ol* BRENTWOOD 5t Index to the financial ststements for the year ended 31 December 2024 Legal and administrative information Annual report Statement of Trustees, Responsibilities Auditors, report 8t Statement of financial activities for year ended 31 December 2024 Statement of financial activities for year ended 31 $t December 2023 (ComparatNesI 10 Statement of financial position as at 31 December 2024 Notes to the financial statements
The Parochial Church Council of the Ecclesiastical Parish of Brentwood-but operating under the name of: ST. TIIOMAS OF CANTERBURY PARISH CHURCH OF BRENTWOOD Legal and administrative information Vlcar Reverend Canon Mark North Parochial Church Council (PCC Revèrend Canon Mark North (Chair) Michelle Jackson {Churchwarden and Vice-chair)) Vacant (Churchwarden) Sarah Day {Secretary) Vacant (Treasurer) John Bloomfield Martin Brodie John Gowlett Dennis Grante David Howard Lesley Lynn Ross Morrell Anthony Painter Emma Pye Carolyn Robertson David Rooke Alexander Tanner Church St Thomas, Church St Thomas, Road Brentwood Essex CM14 4DB Auditors Crowley Young Chartered Accountanls Devonshire House One Mayfair Pla London W1J 8AJ Investment Managers CCLA Investment Management Limiled 80 Cheapside London EC2V 6DZ Bank Natwest Bank 46 High Streel Brenlwood. Essex CM14 4AL Page I
The Parochial Church Council of the Ecclesiastical Parish of Brentwood-but operating under the name of.. ST. THOMAS OF CANTERBURY PARISH CHURCH OF BRENTWOOD Annual report of the Parochial Church Council for the year ended 31 December 2024 Administrative Infonnation St.Thomas of Cantefbury Church is situated in Sl Thomas Road Brentwood.11 is parl of The DI0Se of Chelmsford within Ihe Church of England.The correspondence address is The Church Centre, St Thomas Road, Brentwood CM14 4DF. Structure, governance, and management The method of appointment of PCC members is set out in the Church Representation Rules. All eligible Church attendees are encouraged lo register on the Electoral Roll, attend the Annual Parochial Church Meeting. and stand for election to the pcc. The PCC has reviewed the holding and processing of data for legal, personnel, administrative and management purposes and in particular to the prOSsing of any "sensilive personal data" (as defined in the General Dala Protection Regulation effective from the 25th May 2018). The PCC has a policy which is available to parishioners and the public on request {St Thomas's Data Privacy PoliGyI. Objectives and activities St. Thomas of Canterbury PCC has Ihè responsibility of co-operating with the Wicar, in promoling within the parish Ihe whole mission of the Church, pastoral, evangelistic, social and e¢umenical.11 also has maintenance responsibilities for the Church, the Church Cenlre, Stokes House (for clergy accommodalion) and the flats at 29 and 31 St. Thomas Road. Achlevements and perforniance There are 167 {2023.' 169) parishioners on Ihe Church Electoral Roll, 91 of whom are not resident within the parish. 2 names were added during the year and 4 were removed through death, requested removal or because they moved away from the parish. The average weekly attendan in 2024. counted during October was 200 adults and 42 children, which is on average the same as the attendance measured in 2023. In 2024, there was 1 confirmation Servi carried oul, with 33 candidates confirmed, 29 children and 5 adults received the sacrament of baptism, 4 Gouples were married in the church and I marriage blessing was conducted. In additon, the parish clergy and licenced lay minislers conducted 5 funerals in the church and at local crematorium and cemeteries. We continue to live stream our services using our Facebook and YouTube accounts and Ihis continues to play an important role in developing ihe spiritual life of Ihe parish. The clergy and licensed lay ministers have managed lo offer daily live streamed morning and evening prayers. SeNices in the church are held over 6 days during the week with 3 services on a Sunday, with a specific family orientated mass offered on Ihe last Sunday each month. Additional servicès are provided on Festivals and Holy days. The Church is usually open every day for prayer, information and as a sacred space for visitors. The minislry leam of clergy and licenced lay ministers have continued to support other churches within the deanery, leading worship and conducting pastoral offices as required. Home groups. prayer groups and study groups continued to meet throughout the year using a blend of online methods and in person fellowship. This includes running the Alpha course twice a year and the Gourse in Christian Studies which are open to all. Review of the year The full PCC met five times during the year (a mix of virlual and in-person meetings) with an average level of attendan of 61 per cent. Committees met between meetings and minutes of their deliberations were reiVed by the full PCC and discussed where nècessary. Worship has conlinued to be live streamed to faciliate the involvement of those who are housebound or unable lo attend in person and to act as an online window for the excellence in worship thal we seek to provide. Our use of social media has been maintained during the year and we have seen a steady increase in those engaging with our life through this activity. We have also used our online shop to good effect, making it easy for people lo donate and purchase items to aid their devotional life such as Lent books and Advent calendars.The Friends of St Thomas have run Education Sunday activities, Pancake Day. Easter activities, Pol Luck lunch, a Christmas fair, a Carols and Chilli night, a Christmas raffle and supported two yOLrth music concerts held during the year. Additional activities have beèn arranged by volunteers which include regular Wednesday morning Cake and Cuppa gatherings and operating a Toddler Group on Thursdays. The parish website is cntInuallY updated wilh the latest information about the Church activities and we use our database of contacts to promote social adivrties. worship and infomiation about living the Christian life. The Missions and Charities supported this year were the Royal British Legion, Church of England Children's Society, PSPA, Bishop's Lent Appeal. Additional Curates Society and Forward in Failh. Page 2
The Parochial Church Council of the Ecclesiastical Parish of Brentwood-but0petjng under the name of: I ST. THOMAS OF CANTERBURY PARISH CHURCH OF BRENTWOOD The Church has continued to act as a collection point for the gathering of large amounts of food and household requirements to give to the locally church-run Food Bank, including continuing emergency help to various callers in need. The running of events has increased in 2024 however, finding volunleers to support all our desired activities is still an ongoing challenge. This is reflected in the vacancies we continue to have within the PCC and other administrative roles. We have continued to offer our facilities to outside parties to hold community events, conrtS and clubs which now includes running a café on Mondays, Cooking and Art classes for Adults with learning challenges, Scout related clubs, Drama and Dance clubs. The PCC regularly scrulises and monitors our running costs. particularly with Ihe impact of increases in maintenance. the cost of energy and other utilities. Our Parish share contribution was reduced in 2024 due to lower income and higher operating costs resulting in achieving only 47°A of the requested amount. The PCC has continued to recover VAT under the Listed PlaS of Worship Government Scheme relating to ils restoration and maintenance work. Our mission to younger people has been maintained with a regular number of school Eucharists held at the schools and in the Church, and during term times, our nomal Friday mass has beèn held at Beckel Keys Secondary School. We have continued to run the Voice for Life scheme for our choristers and supported our youth through Ihe on-going St Thomas Kids Club who perfonn at our Youth Concerts in May and Decembér, covering both singing and drama studies. Financial review Unrestricted funds Total unrestricted fund receipts were £204,372 (2023.. £501.628> and are delailed in the Statement of Financial Activities, of which the St.Thomas Road properties provided a gross income of £39,854 {2023.' £24,888>. Expenditure of £224,380 {2023- £237,543) was incurred to provide the Christian ministry from St.Thomas Church, including church. hall and Stokes House repairs and maintenance of £24,422 (2023.. £19.317), and the volunlary contribution to the Diocesan parish share (the amount requested being an allocalion made by the Diocese to each church in the parish) of £50,000 {2023.' £84,069). The net result for the year. before transfers, was an excess ofexpenditure over income of £20.008 {2023.' excess of income over expenditure of £264,085). Unrestricted funds at 31 December 2024 were £365.366 {2023: £385,374), however, most of these funds are invested in the fixed asset additions made during the previous years or designated to future major projects. Restricted funds Restricted fvnds in 2024 include: the remaining funds from a bequest made in 2017 with a final payment received in 2020 under the will of Father Barnes. who was a previous Gurate at Sl Thomas. to the Vicar and Churchwardens of Sl Thomas Church Brentwood. the remaining funds from a bequest made by Anne Jarrett, to the Vicar and Churchwardens of St Thomas Church Brentwood in 2020 funds raised specifically for Music related initiatives as detailed in note 13 on page 16 of the financial statements. the remaining funds are set aside for general resloralion projects planned in future years At 31 Detsmber 2024, total reslricted funds amounted to £51,839 (2023.. £43,712). Endowment funds Permanent endowment funds are lo be permanently retained for the benefit of the PCC as a capital fund, the income therefrom lo be used for general purposes at the discretion of Council. The permanent endowment funds are detailed in nole 12 on page 15 to the financial statements and at 31 Dember 2024 amounted to £553,980 (2023: £559,441). The inveslmenls, forming part of the fund increased in value by £939. Reserves Policy The reserves policy of the Council is to maintain a level of reserves which will provide a stable base for Ihe PCC'S continuing activities whilst ensuring that eXsSive funds are not aumulatéd. The Council review the resetves policy on a regular basis in order to maintain reserves equating to one and half months of unrestricted expenditure, excluding future depreciation charges. Page 3
The Parochial Church Council of the Ecclesiastical Parish of Brentwood-but operating under the name of.. ST. THOMAS OF CANTERBURY PARISH CHURCH OF BRENTWOOD Al 31 Dember 2024, the PCC had unrestrided reserves of £365.366 (2023: £385,374). It is the policy to invest eXsS funds with the CBF Church of England Deposit Fund. Approval This report was approved by the PCC on the x/312025 and signed on its behaff by". Reverend Canon Mark North Chair of Parochial Church Council Page 4
The Parochial Church Council of the Ecclesiastical Parish of Brentwood-but operating under the name of: ST. THOMAS OF CANTERBURY PARISH CHURCH OF BRENTWOOD Statement of Trustees, responsibilities in respect of the financial statements The trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally ACpIe Accounting Piactice). The law applicable to Chartiies in England and Wales requires the trustees to prepare the financial statements for each financial year. which give a true and fair view of the state of affairs of the GharÈty and of the incoming resources and application of resources of the charity for that year. In preparing those financial statements. the trustees are required to: select suitable accounting policies and then apply them consistently.. observe the methods and principles in the Charities SORP- make judgements and estimates that are reasonable and prudent; stale whether applicable accounting standards have been followed, subject lo any material departures disclosed and explained in the financial statements. prepare the financial statements on the going Gonrn basis unless it is inappropriate to presutne that the charity will continue in the business. The Irustees are responsible for keeping propel accounting records that disclose with reasonable accuracy at any time the financial position of the chariiy and enable them to ensure that Ihe financial statements comply with the Charities Act 2011, the Charity {Accounts and Reports) Regulations 2008 and the provisions of the Trust Deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the Gharity and financial information included in the Charity's website. Page 5
The Parochial Church Council of the Ecclesiastical Parish of Brentwood -but operating under the name of: ST. THOMAS OF CANTERBURY PARISH CHURCH OF BRENTWOOD INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF ST. THOMAS OF CANTERBURY PARISH CHURCH OF BRENTWOOD FOR THE YEAR ENDED 31" DECEMBER 2024 Opinion Wc have audited the fmancial statements of St. Thomas of Canterbury Parish Church of Brentwood for the year ended 31 December 2024 which comprise Statement of Financial Activities. Balance Sheet and notes to the financial statements, including a summary of significaut ¢VUntIng policies. The financial reporting framework that has been applied in their preparation is applicable law and United KingdoTll Accounting Standards. including financial Reporting Standard 102 The Financial Reporting Standard applicable ip7 the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the fLnancial statements-. give a true and fair view of the state of the charity's affairs as ai 31 December 2024 and olits incoJning resources and application of resources for the year then ended- have been properly prepared in accordancc with United Kingdom Generally Accepted Accounting Practice- and have been prepared in accordance with the requireTnents of the Ch8rilics Act 2011. Basis for opinion We conducted our audit in accordance with IT]temational Standards on Auditing (UK) {ISAs (UK)) and applicable law. Our responsibilities under those standards are furthcr described in the Auditor's responsibilities for the audit of the financial slalem¢nt5 se¢lion of our report. We are indepcndenl of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard. and the provisions available for srnall entities. and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obiained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern We have nothing to report in respect of the following matters in relation to which the ISAS (UK) require us to report to you where: the trustees, use of the going concern basis of accounting in the preparation of the financial statements is not appropriate. or the trustees have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the group's or parent charity's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are 8Uthorised for issue. Other information The trustee5 are responsible for the other infonnation. The other infomlation comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. Our opinion on the financial ststements does not cover the other inlorniation and, except to the extent otherwise explicitly stated in our report, we do not express any forn) of assurance conclusion thereon. In connection with our audit ol the financial stiltemenl4 our responsibility is to read the other information and, in doing so, consider whether the other inforniatlOD is materially inconsistent with the financial statements, or our knowledge obtained in ihe audit or othenvise appears to be materially misstaled. If we identify such material inconsistencies or appant material misstatements, we are required to detem]inc whciher there is a material misstatement in the financial statements or a material misstatement of the other infonnation. Ir, based on the work we have performed, we concludL that there is a material misstatement of this other inforniation, WC arc required to report that fact. We have nothing to report in this regard. Matters on which we are required to report by exception We have nothing to report in respect of th¢ following matter5 in relation to which the Charilies (Accounts and Reports) Regulations 2008 require us to report to you if. in our opinion.. the inforniation given in the financial statements is inconsistent in any Material respect with the trustee5' report. or sufficient accounting records have not been kept- or the charity's financial statements are not in agreement with the accountillg records. or we have not received all the information and explanations we require for our audit. Page 6
The Parochial Church Council of the Ecclesiastical Parish of Brentwood-but operating under the natne of.. ST. THOMAS OF CANTERBURY PARISH CHURCH OF BRENTWOOD Responsibilities of trustres As explained more ]lY in the trustees, responsibilities statement set out on page 5, the trustees are responsible for the preparation of financial statements which give a true and fair view, and for such internal control as the trustees dclemiine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements. the tru5tee5 are responsible tor assessing the charity's iibilily lo continuc as a going concern. disclosing. a5 applicable, matters related to going concern and usinLY the going concern basis of acLounling unlcss thc trustees either intend to liquidate the group or the parent charity or to cease operation& or have DO reali8Lic alternative but to do so. Auditor's responsibilities for the audit of the financial statements We havc beL'n appointed as auditor under section 145 of the Chariti¢s Act 201 l and report in accordancc with regulations made or having cffect thereunder. Our objeclives are to obtain reasonable assurdnce about whether the financial statements as a whole are free from material mi5Staternent, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance 15 a high level of assurance but is not a guarantee that an audit conducled in accordance with ISAS (UK} will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of Users taken on Ihe basis of these financial statements. A furthei. description of our responsibilities for the audit ol the financial statements is located on the Financial Reporting Council's website at: www.frc.OTg.uWauditorsresponsibilities. This description fomis part of our auditor's report. Use of Our Report This report is made solely to the charity's trustees, as a body, Én accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been uiidertaken so that we might state to the charity's trustees those matters we are required to state to Ihem in an auditor's report and for no other purpose. To the fullest extent pennitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body) for our audit work, for this report, or for the opinions we have fornied. Fint8n Crowley ( Crowley Y Chartered Acctsuntants and Statutory Auditor Level Devonshire HDuse One Mayfair Place London WIJ 8AJ talut Auditor) Date: 17 mor( 2025 Page 7
The Parochial Church Council of the Ecclesiastical ParL5h uf Brentwood-but operating under the name of.. ST. THOMAS OF CANTERBURY PARISH CHURCH OF BRENTWOOD ststement of Financial Activities for the year ended 31 December 2024 Incoming Resources Notes Unrestricted Restiicted Endowment Funds Funds Funds 2024 Donations Other Voluntary Incoming resources 96,398 96.398 25,375 25,375 Charitable Trading Income from investments 62,685 19,914 62,685 20,853 11,035 939 Other incoming resources 11,035 Total Incoming Resources 204.372 11,035 939 216,346 Resources Expended Grants and Donations 2,662 220,404 1.314 2,662 229.712 1,314 Activilies related to Church Work 2,908 6,400 Management and administralion Total Resources used 224,380 2,908 6,400 233,688 Net Incomingl (Outgoing Resources before transfers (20,0081 8,127 15,461) 117,3421 Transfer between funds Net Movement in Funds (20.008) 8,127 {5,461 117,3421 Funds at 1 January 2024 385,374 43,712 559,441 988,527 Funds at 31 December 2024 365,366 51,839 553,980 971,185 The notes on pages 11 to 16 fonn part of these financial statements. Page 8
The Parochial Church Council of the Ecclesiastical Parish of Brentwood-but operating under the name of: ST. THOMAS OF CANTERBURY PARISH CHURCH OF BRENTWOOD Statement of Financial Activities for the year ended 31 December 2023 (Comparatives) Incoming Resources Notes Unrestricted Restricted Endowment Funds Funds Funds 2023 Donations Other Volunlary InGoming resources 410,800 410.800 22, 743 22, 143 Chanlable Trading Income from investments 48,077 8,539 12,069 48,077 12.068 3,529 Otherincoming resources 2, 730 14,799 Total Incoming Resources 501,628 2, 730 3,529 507,887 Resources Expended Grants and Donations 2,549 233,974 1,020 2,549 244, 978 1,020 Ach'vities relatod to Church Work 4, 604 6. 400 Management and administration Total Resources used 237,543 4,604 6,400 248,547 Net Incomlng/ (Outgoing) Resources before transfers 264,085 (1,874) (2,871) 259,340 Transfer between funds Net Movement in Funds 264,085 (1,874) (2,871) 259,340 Funds at l January 2023 121,289 45,586 562,312 729,187 Funds at 31 December 2023 385,374 43,712 559,441 988.527 The notes on pages 11 to 16 form part of these financlal statements. Page 9
The Parochial Ch'urch Council of tlle Ecclesiastical Parish of Brentwood-but operating under the name of: ST. THOMAS OF CANTERBURY PARISH CHURCH OF BRENTWOOD Statement of Financial Position as at 31 December 2024 Notes 2024 2023 FIXED ASSETS 547,964 580,849 INVESTMENTS 41,g82 41,043 CURRENT ASSETS Debtors 10 17,555 368,685 386,240 14,265 360,061 374,326 Bank balances CURRENT LIA81LITIES 11 5,001 7,691 NET CURRENT ASSETS 381,239 366,635 NET ASSETS £971,185 £988,527 CAPITAL FUNDS Permanent endowments 12 553,980 559,441 INCOME FUNDS Restricted funds 13 51,839 365,366 £971,185 43,712 385,374 £988,527 Unrestricted funds Approved by the Council on Ihe 2025 and signed on its behalf by.. Reverend Canon Mark North Chair of Parochial Church Council The notes on pages 11 to 16 fomi part of these financial statements. Page 10
The Parochial Church Council of the Ecclesiastical Parish ofBrentwood-but operating under the name of: ST. THOMAS OF CANTERBURY PARISH CHURCH OF BRENTWOOD Notes to the financial statements for the year ended 31 December 2024 Accounting policias Accountlng conv9ntlon The financial statements have been prepared un(Jei the hislorlcal cost convenlion as modified by the ievaluation of land and buildings and inveslmenls, which are included al fair value. The financial slalemenls have been prepared in accordance with FRS102- The Financlal Reporting Slandard applieable in the UK 8nd Ihe Republic ol Ireland and the requir&menls ol the Charities Act 2011. The financial statements are prepared in slerfing, which is the fvnclional currency of the Charity. Monetary amounts in these financial statements are iounded lo the nea¥esl £. Fixed assets Fixed assets are slated at ¢ost Itess any granlsl or valuation, less depreciallon. Individual fixed assets costing less than £1,0 are not capitalised. Depreoiation is piovided on tangible fixed assets at rates calculated lo write off the cost on a reducing balance bosis ovei their expected useful economic lives as follows Freehold properties.. 1Q/o per annum, slraighl line Furniture and equipment.. 250/0 Fer annum, straight line Investment properlies held lo earn rentals andlgr for capital appreciation are measured al lair value al the reporting dale. The surplus or defi¢il on revaluation is racognized in the Slalemenl of Financial Activities. Where the lair value cannot be achieved without undue cost or effort, investment properties are held as tangible ftted assets. Investments Investments held as fixed assets are ststed al market value. Those held as currenl assets are slated at the lower of cost and nel realisable value. Incoming resources All incoming resources are included in the Statement of Financial Aclivilies when the PCC is legalty entitled to the in¢ome and the amount can be quanlÈfied with reasonable accuia¢y. No amounls are included in the financial slalemenls for services donated by volunteers. Resources expended Expendiluie is a¢counled for on an accruals basis, inclusive of any VAT, which cannot be recovered. Expendiluie, which is direclty attributable lo specthc aclivilies. has been included in these cosl ¢alegories. Wheie costs are allribulable lo more than one adivity, they have been apportioned across the cost categories on a basis consistent with the use of these resources. Cash flow statement The Council has elected lo take advantage of the exemption under FRS102 not lo prepare a cash flow slalemenl. Expenditure on management and administration of the charlty Adminislralion expenditure includes all expendf(ure not direct related lo Gharilable acliv(ties or fundraising ventures. Page 11
The Parochial Church Council of the Ecclesiastical Parish ofBrentwood-but operating under the name of: ST. THOMAS OF CANTERBURY PARISH CHURCH OF BRENTWOOD Notes to the financial statements for the year ended 31 December 2024 Incoming resources Unrestricted Funds Restricted Funds Endowment Funds 2024 Total Funds 2023 Totsl Funds 2 Donations Planned giving= Covenanted Subs. & Envelopes Income tax recoverable CAF & PGS Plate Collections General Donations Legacies and Bequests Government Grant 38.516 13,551 21,413 5,922 8,761 8,235 38,516 13.551 21.413 5.922 8.761 8.235 46.948 17,127 20,428 5.621 9.116 310.800 760 410.800 96.398 96,398 3 Other Voluntary incoming resources Bazaar. Promises, Chairs, Fabric, Concerts, Choir 25.375 25,375 22,143 25,375 25,375 22,143 4 Income from Charitable Trading Magazine Bookstall Church Centre Church & Hall use Fees Rent Votive Candles 845 845 1,095 8.634 10,109 39,854 3,240 8,634 10,109 39,854 3,240 5.953 14,068 24,888 2,064 62.68S 62,685 48.077 Income fro Investments Interest (Loss)IGain on Investments 19,914 19,914 8,539 939 939 3,529 19.914 939 20,853 12,068 Other Incoming Resourcos Curate Housing Credit St Thomas Music Foundation 12,069 11,035 11,035 2,730 11,035 11,035 14,799 Total inGoming resources 939 204.372 11,035 216,346 S07,887 Page 12
The Parochial Church Council of the Ecclesiastical Parish of Brentwood-but operating under the name of.. ST. THOMAS OF CANTERBURY PARISH CHURCH OF BRENTWOOD Notes to the financial statements for the year ended 31 December 2024 Resources used Unrestricted Restrlcted Endowment 2024 Total 2023 Total Funds Funds Funds Funds Funds 5 Grants and donatlons Missions & charities 1,815 847 1.815 1,917 Donation lo schools 632 2,662 2.662 2.549 6 Activities relating to Church work Ministry: Parish share clergy travel and costs Sanctuary costs Electricity and gas Telephone, Church Cenlre, Flowers and Miscellaneous expenses Upkeep of ServiGeg, Vestments. Mission Church and hall insurance 50.000 3.989 50.000 3,989 1,726 29,065 84,069 5,297 1,726 29,065 18,970 12.307 12,307 12,784 6,624 8,850 20,268 7,545 33,835 6,624 8,850 20.268 7,545 33.835 4,174 8.451 10,775 6.615 29,760 Chsjrch mainlen8nce- general Cleaning Mu51c costs. Choir and Consultant Fees Bookstall. Events. Fees, and Votive Candles Costs St. Thomas. Road property iepairs 7,732 7.732 9,891 4.154 4,154 2,908 8,542 St Thomas Music Foundation Expenses 2.908 4,604 Depreciation 34,309 6,4CQ 40,709 40,383 2.908 6AIJO 229,712 244.978 7 Church Management & Administratlon Stewardship expenses Audit fees 264 264 1,050 1.050 1,020 1,314 1,314 1.020 Tolal resources used 224.380 2,908 6,400 233.688 248.547 Page 13
The Parochial Church Council of the Ecclesiastical Parish of Brentwood-but operating under the name of: | ST. THOMAS OF CANTERBURY PARISH CHURCH OF BRENTWOOD Notes to the financial statements for the year ended 31 December 2024 8 Tangible fixed assets Cosuvaluation Freehold Furnlture and equipment Total properties At 1 January 2024 Additions 640,000 174,644 7,824 182,468 814,644 7.824 822,468 At 31 December 2024 640,000 Depreciation Al 1 January 2024 Charge for year Al 31 December 2024 121,600 6,400 128.000 112,195 34,309 146.504 233,795 40,709 274,504 Net book value 31 DeGember 2024 512,000 518,400 35,964 547,964 580,849 31 December 2023 62,449 The freehold properties. which are held by The Chelmsford Diocesan Board of Finance on behalf of the PCC, were bequeathed lo the PCC many years ago and are included at open market value. However. the properties are subject to the reslriclions referred to in the respective conveyances of the properties. Two of the properties are held as investment properties and are nol depreciated. Investments CBF Church of England Investment Fund Market value At 1 January 2024 Revaluation 41,043 939 41.982 At 31 December 2024 10 Debtors 2024 2023 Income tax recoverable Prepayments Accounts receivable 2,192 6,884 8,479 17,555 2,528 6,488 5,249 14,265 Less Provision for doubtfu5 debts 17,555 14,265 11 Creditors 2024 2023 Accounts payable and accrued expenditure 5,OD1 5,001 7,691 7,691 Page 14
The Parochial Church Council ofthe Ecclesiastical Parish of Brentwood-but operating under the name of: ST. THOMAS OF CANTERBURY PARISH CHURCH OF BRENTWOOD Notes to the financial ststements for the year ended 31 December 2024 Mansell Memorial Fund School Music Trust Pmperty funds Choral Foundation 12 Endowment funds Totsl Al 1 January 2024 Unrealised gainlllossl DePrla11¢n 518,400 25,564 585 10.617 243 4,860 559,441 939 (6.400) (6,400) Al 31 D8mber 2024 512.000 26,149 10,860 4,971 553,980 M8nsell Memorial Fund School Musi¢ Trust Property funds Choral Foundatlon Endowment funds Total At 1 J8nu8ry 2023 Unrealised gain/floss) DepfrEciabon 524,800 23, 366 2,198 9, 704 913 4,442 418 562,312 3, 529 (6,400) (6,400) Al 31 December 2023 518,400 25,564 10,617 4,860 559,441 Property Funds- repre5enls the Curate's house at 2&27 St Thomas Road and the flats at 29 and 31 St Thomas Road, all ofwhich were beqL5eathed to the PCC many years ago and are held by The Chelmsford DI0$an Board of Finance on behalf of the PCC. The rental income from the flats can be used by ihe PCC for general purposes bui particularly for the maintenance of the Curate's hDUS&. Choral Foundation- income to be used for maintaining the musical tradition at St Thomas, N Mansell Memorial Fund- income to be used for assistance of organ scholars. School Music Trust- income to be used for the purchase of music for the two St Thomas, schools. Page 15
The Parochial Church Council of the Ecclesiastical Parish of Brentwood-but operating under the name of: ST. THOMAS OF CANTERBURY PARISH CHURCH OF BRENTWOOD Notes to the financial statsrnents for the year ended 31 December 2024 13 Restricted Funds Father Barnes Legacy St Thomas Musi Foundation A Jarrett Legacy General Restoration Tolal At 1 January 2024 5,673 33,141 4.671 227 43,712 Net incomingl(OLrtgoing} resources for the year At 31 Dember 2024 8,127 8,127 5,673 51.839 livos Restricted Funds Father Barnes Legacy St Thomas Music Foundation A Jarrett Legacy General Restoration Total At 1 January 2023 5,673 33,141 4,671 2, 101 45,586 Net inGQmin<0u1g0ingj rosources foryear (1,874) (1,874) At 31 Dember 2023 5,673 227 14 Analysis of net assets between funds Unrestricted funds Restricted fund$ Endowment Funds Total funds Fixed assets 35.964 512,000 41.982 547,964 41.982 Inveslmenis Net Gurrent assets 329.402 51,839 (2) 381.239 Total 365,366 51,839 553.980 971,185 Page 16