REGISTERED CHARITY NUMBER: 1146203 CHURCH OF CHRIST THE SAVIOUR. EALING. NEW BROADWAY. W5 ZXA ANNUAL REPORT AND FINANCIAL sfATEMENTS OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31 DECEMBER 2024 REGISTERED CHARITY NUMBER.. 1146203 Page I
PAROCHIAL CHURCH COUNCIL OF CHURCH OF CHRisfTHE SAVIOUR ANNUAL REPORT COVERING THE YEAR TO 31 DECEMBER 2024 OVERVIEW Regist#red as The Parochial Church Council of the ecclesiastical Parish of the Church of Christ the Saviour, E31ing' the charity is also known as 'Christ the Saviourf. The registered charity number is 1146203. The current incumbent priest is Fr f<ichard Collins. Hi5 residence is- Christ the Saviour Clergy House 27 The Grove Ealing London W5 SDX The position of secretary is currently open with the previous incumbent Steven Wallis having Stepped down during 2024. AIMS AND PURPOSES Christ the Saviour Parish Church Council {PCCI has the responsibility of cooperating with the incumbent priest, Fr Richard Collins, in promoting in the ecclesiastical parish, the whole mission of the Church, pastoral, ecclesiastical, teaching, and social. The Church is located in the London Borough of Ealing and has a central location within the local community close to Ealing Broadway. It maintains through its membership of the Governing Body 3 close connection with Christ Ihe Saviour C of E Primary School and Nursery, which 15 located very close to the Church. It h35 maintenance responsibilities for the Church. its grounds, the Church Hall. and rental properties nearby. OBJEcfivES AND AcfiviTIES The PCC 15 committed to maintaining the strong tradition of Chiistian worship and witness within the Church of England, continuing to interpret that tradition for each generation. Thus. we aim to draw a diverse range of people into worship of Alrrighiy God, revealing the signs of His Kingdom growing in the World and to proclaim the Good News of his love for that world revealed In Chrlst our Saviour. We 5eok to enable people in the local community to live out their faith through worship and prayer. encourage, people lo learn about the gospel and develop their knowledge of the Christian faith and provide pastoral care for the people of the parish and work viith others in the local community and beyond to enhance the lives of all in that communlty, through the creative use of our building5 and the gifts of our congregation. ACHIEVEMENTS AND PERFORMANCE DURING 2024 The ckiurch offers a daily Mass on Mondays to Saturdays and three Masses on a Sunday. Every day the church is open to the public for quiet prayer and contemplation. There are c160 parishioners on the Church Electoral Roll. Most live ovtside the parish boundary. but within 1% miles of Ihe church. Church attendance has continued to remain stable. As a central church we provide vital services to the local community. providing setvices for funerals, marriages and baptism5. The cPurch has been able to again offer confirmation classes to younger and adult members of the conEregation. The Sunday school continues to operate and is run by members of the congregation. They are working towards providing a vibrant Sunday School for the younger rnernbers ofthe congregation. We continue to be active member5 of West London Cttizen5, a branch of Cltiiens UK. Citizens UK is a broad-based organisation made up mainly of faith group5. Schools and colleges. It organises communities to act together for power. social Justi and the common good. The organi5ation continued to pursue adoption of a living wage. affordable housing projects and to promote mental health wellbeing.
PAROCHIAL CHURCH COUNCIL OF CHURCH OF CHR15TTHE SAVIOUR ANNUAL REPORT COVERING THE YEAR TO 31 DECEMBER 2024 ACHIEVEMENTS AND PERFORMANCE DURING 2024 (CONTINUED) There continues to be a healthy and Strong relationship with Christ the Saviour School. Fr. Richard continues to celebrate Mass for the school twice a week and members of the wider congregation are involved in the worship and other supportive roles in the life of the school. The church participates in the Schools fundraising events such as its Summer Fair which offers an opportunity to further engage with the school. children. and parents. Fr Richard engages both formally and informally with staff. pupils and parents. offering pastoral support and input into aspects of the curriculum and community life in school. particularly relating to its Christian foundation. Maintenance activities are regularly perfomed in the church and around the churchyard to update and repair the church surroundings under the management ofthe church administrator. There remains 3 committed team of core volunteers with a much-appreciated ministry of sacramental and pastoral care to the Sick and housebound. RISK STATEMENT The hire of church facilities generates income and strengthens communities. but we recognise the process Must be carefully managed to reduce the risk of injury and liability. To protect our facility and the people involved we have a hire agreement in place. The church is open during the day for those who wish to pray, or who wish to find a place for quiet contemplation and for community activities. We understand and recognise the risks with regards to damage to the building and safeguarding the public and have actively taken rigorous step5 to ensure the heaFth and safety of our visitors and the prevention of criminal artivity. Church buildings and equipment are maintained and kept in good repair, complying with all appropriate legislation. All church records are kept in secure safes. Funding problems m3y reduce the ability of the church to carry out our aim5 and objectives. This may arise from financial loss arising from misappropriation of funds either accidentally or deliberately or a failure of giving. To mitigate this risk the church maintains a Financial Risk Policy which is published on the church website. See also Reserves Policy Below which sets out an amount of funds that are dedicated to maintaining the building.
PAROCHIAL CHURCH COUNCILOF CHURCH OF CHRISTTHE SAVIOUR ANNUAL REPORT COVERING THE YEAR TO 31 DECEMBER 20Z4 STRUCTURE, GOVERNANCE AND MANAGEMENT The PCC is a corporate body established by the Church of England. The PCC operates under the Porochial Church Council Powers Measure. The method of appointment of PCC members is set out in the Church Representation Rules. Members of the PCC, who are also trustees of the charity. are either ex officio or elected by the Annual Parochial Church Meeting IAPCM) in accordance with the Church Representation Rule5. All those who attend the church and are part of the congregation are encouraged to register on the Electoral Roll. Those who are on the Electoral Roll are able to 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. These include deciding upon how the funds of the PCC are to be spent. monitoring. and facilitating the delivery of the PCC'S aim5 and purposes. Since the 2024 Churchwarden elections and APCM elections, the following have served as rnembers of the PCC: Fr Richard Collins Fr David Wang Ebenezer Blavo Chris Edwards Chairman Churchwarden Churchwarden Elected Members.. Kate Adams Jackie Ashmenall. Angela Callender Micole Callendar Angela St.Clair' {stepped down during 20241 Barbara Faulkner Children's Championlstepped down during 2024) Robert Moore Safeguarding Officer Katie Tramoni steven Wallis Secretary. Lay Wice Chair (stepped down during 2024) Members of the Deanery Synod Co-opted Member." Mark Beastall Treasurer The PCC can appoint sub-committees to deal with particular area5 of Council bu5ine5s. The PCC appointed 3 Standing Committee. This is the only committee required by law. It has poivef to transact the business of the PCC between its meetings, subject to any directions Eiven by the Council. SAFE GUARDING The Parish 15 in regular contact with Children and Young people and Vulnerable Adult5. A policy for Safeguarding of Children. Young People and Vulnerable Adults, is in place and is monitored fegularly. There were no safeguarding incidents during 2024.
PAROCHIAL CHURCH COUNCIL OF CHURCH OF CHRISTTHE SAVIQUR ANNUAL REPORT COVERING THE YEAR TO 31 DECEMBER 2024 FINANCIAL REVIEW The Church continue5 to rely upon donations and legacies as its main form of income. Donations (induding gift aid) increased year on year to £100,335 from £85.734 in 2023. Donation5 fvom church services increased in 2024, along with donations made under the planned giving scheme5 after an exercise of outreach to the congregation. There were no legacies received during 2024. The budgeting of the PCC does not assume that legaties will be reeurring source of income in the future. The use of the Church's facilitie5 such as letting of the thurch hall continue5 to contribute to the Income profile of the PCC. This Eenerated income of £52,478 in 2024 (2023: £43.565). The income was higher than the prior year as rental income from the use of the church hall increased. as well as a rise in residential property income. The PCC was unable to generate income as expected in relation to the Community Centre due to ongoing issues with the current tenant, and an agreement to rent out the Pastoral Centre also came to an end in the prior year and has not been re-let. The PCC did negotiate a contract to let the church grounds to a company that sells Christmas trees over the festive period generating income of£4,000. Expenditure for the year totalled £158,559 {2023: £134,651) with the main expense recognised being the contribution5 made by the Church to the London Diocese of £72,500 (2023- £70.0001. The contribution to the London Diocese was increased during the year to support the work of the Diocese. An administrator has helped the PCC with the day to day runnin8 of the church, the cost of which has also been included within the operating expenses for the year. The PCC has experienced a significant increase in its expenses as it paid administrator costs for a full year and inflation resulted in price rises for utility and insurance costs. The thurch also experienced higher maintenance costs to support the fabric and structure of the building. The PCC made a net105s of £2.440 in 202412023: Ios5 of £2,385}. There was a loss on the unrestricted account of £2,240 12023'.1055 of £2.3851 and a loss on the restricted account of £20012023." £nill. The PCC has net assets avai5able at thebalance Sheet dateof £131,34912023-. £133.7891. The majority of the PCC'S asset5 are held in the form of cash and are considered to be highly liquid. Given the highly liquid nature of the assets. the PCC considers that it has sufficient resources in place to continue as a going concern and as such the accounts have been prepared on a going concern basis. The PCC is becoming more reliant upon rental income from the use of the church hall and other assets it m3naEes to offset the increase it has seen in its C05t base. The trustees expect the PCC to have sufficient funds to continue as a going concern. Unrestrirted Fund DurinE the year, total incoming resources on the ordinary Unrestricted Fund amounted to a loss of £2,24012023: loss of £2,385) leaving a total of £47,32312023= £49.5631 available. Restricted Fund The balance of the Restricted Fund at the end of the year was £84,206 (2023: £84.226}. This total includes a building maintenance fund of £80,000 (2023.. £80.0001. This is a restricted fund created by the PCC to support future building work at the church Isee note 9 to the financial statements for further detai151.
PAROCHIAL CHURCH COUNCIL OF CHURCH OF CHRISTTHE SAVIOUR ANNUAL REPORT COVERING THE YEAR TO 31 DECEMBER 2024 RESERVES POLICY It Is PCC policy to try and maintain a balance on unrestricted funds to cover ernergency situatlOll5 that may arise from time to time. This balance is typically held in the form of cash in a bank account. It 15 the PCCS policy to invest exce55 cash and other funds with the CBF Church of England Deposit Fund where appropriate. During the course of 2024, the PCC continued to maintain a restricted fund to finance future building work5 and maintenance. The amount designated as restricted with regards to the building maintenance fund 15 determined by the PCC. As at the 31 December 2024. the amount to be designated as restricted funds to support the building maintenance fund was £80,000. CLOSING STATEMENT In commendinE the Annual Report for 20241 should like to thank the many people whD Sustain the life of our church in so many ways. Without the support of such a dedicated team. we would not be able to offer our varied ministries. Like living stone5, you yourselve5 are being built into a spiritual house. to be a holy priesthood. to offer spiritual sacrifices acceptable to God through Jesus Christ. So, thankyou to the many individuals who workso hard. often behind thescenes, to help make Christthe Saviour such a visible welcoming sign of God's love at the heart of Ealing Broadway. May we be fresh 5tone5 forGod's building, as we look to a future in which we rebuild ourcommunity, refresh our mission and strengthen our vision. May we be found faithful to the inheritance we have received, and worthy steward5 of all that has been entrusted to us. The Reverend IiA Collins Vicar 13 July 2025 Page 6
PAROCHIAL CHURCH COUNCIL OF CHURCH OF CHRISTTHE SAVIOUR STATEMENT OF FINANCIAL AcfiviTIES FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestricted Restricted Funds Funds 2024 2024 Total Funds Total Fund5 2024 2023 Notes INCOME Voluntary recelpts Donations, grant5 and legacies 100,335 100,335 85,734 Charitable activities Church activities 52,478 52,478 43,565 Investment income 3,267 3.267 2,061 TOTAL INCOME 156,080 156,080 131.360 EXPENDITURE Charitable activities Church activitie5 (158,5591 (2001 1158,7591 1134.6511 TOTAL EXPENDITURE 1158559) 12001 1158.7591 {134.651) NET INCOME / (LOSS) BEFORE OTHER RECOGNISED GAINS AND LOSSES (2,4791 {2001 {2,6791 {3.291) GAINS / ILOSS) ON THE REVALUATION OF INVESTMENT ASSErs 239 239 906 NET MOVEMENT IN FUNDS 12,240) 1200) {2,4401 {2,385) RECONCILIATION OF FUNDS Unrestricted Restricted Total Funds Funds Funds 2024 2023 Openlng balance as at l January Movement in funds BAIANCE CARRIED FORWARD AS AT 31 DECEMBER 49.563 (2.240) 84.226 12001 133.789 12.4401 136.174 12.385 91a) 47.323 84,026 131,349 133.789 The notes on pages 9 to 16 form part of these financial statements
PAROCHIAL CHURCH COUNCIL OF CHURCH OF CHRISTTHE SAVIOUR BALANCE SHEET AT 31 DECEMBER 2024 Notes 2024 2024 2023 FIXED ASSETS Invèstment assets 10,684 10.444 10,684 10,444 CURRENT ASSETS Cash at bank and on deposit Debtor5 and prepayments 120,850 9,409 122,703 9,818 130,259 132,521 LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR Accruals and deferred income 81a) 19.594) NET CURRENT ASSET5 120,665 123,345 LIABILITIES: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR Loan5 81bl NET ASSETS 131,349 133,789 FLINDS Unrestricted Restricted 47.323 84,026 49,563 84.226 TOTAL FUNDS 131,349 133,789 The notes on pages 9 to 16 form part of these financial statements The accounts were approved by the Parochial Church Council on July 2025 and signed on its behalf by: The Reverend RA Collins Vicar i 3 Jul}, 2025 Page 8
PAROCHIAL CHURCH COUNCIL OF CHURCH OF CHRISTTHE SAVIOUR NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES The financial statements have been prepared in accordance with the Church Accounting Regulotions 2006 as prescribed by the Business Committee of the General Synod, together with applicableAccountlng Standards and the Statement of Recommended Practice (SORP 2015(FRS 102)). The financial statements have been prepared under the historical tost convention except for the valuation of investment a55ets, which are shown at market value. The financial statements include all transactions, assets and liabilities for which the Parochial Church Council IPCCI 15 responsible in law. The accounts are for those of the PCC and do not include the accounts of church groups that owe their main affiliation to the Church or another body. or any other infomial gatherings of church members. Golng Concern The accounts have been prepared on a goingconcem basi5. The PCC Trustee5 are of the opinion that there are appropriate funds in place to support the ongoing activities of the Church. In forming thi5 view the PCC has considered the financial reserve5 that it has in place. It has also considered the period over which these reserves would be able to support the day to day running costs of the church. The PCC Trustees reached the view that this supports the going concern basis of preparation. Incoming Resources Planned givin& collections and donations are recognised when received. Tax refunds and in particular Gift Aid. are recognised when the incoming resource to which they relate is received and there is confirmation that a valid claim can be made. Grants and legacies are accounted for when they are received by the PCC, or when there is a legal entitlement to the amounts due. Dividends and interest incorne are accounted for when they are received. Rental income is accounted for when the PCC is entitled to the amounts due in accordance with the legal agreements that may be in place. All other income is recognised when it is receivable. All incoming resources are accounted for gross. Volunteer help received and the value attributable to it is not included in the financial statements. Property rental income The PCC has the right of use of a residential flat. and community centre space in a retail property development located close to the Church. The PCC does not have the right to sell the residential flat or community centre space under the arrangement. The PCC is able to rent the residential property and community centre space subject to certain covenants and retains the a550ciated rental income. The flat and community centre Space is not recognised on the balance Sheet as no payment was made by the PCC to obtain the right of use of the assets. and the properties cannot be sold for the benefit of the PCC under the arrangement. Rental income associated with the property is recognised when the PCC is entitled to receive it under a legal agreement. Resources expended Grants and donations are accounted for when paid over. orwhen awarded. ifthat award create5 a binding or creates a constructive obligation on behalf of the PCC. The diocesan quota or parish share expected to be paid is accounted For when due. Staff costs are accrued and recognised in the period in which the service was provided. All other expenditure is generally recognised when it is incurred ond is accounted for on a gross basis. Page 9
PAROCHIAL CHURCH COUNCIL OF CHURCH OF CHRISTTHE SAVIOUR NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 {CONTINUED) I. ACCOUNTING POLICIES (CONTINUED) Flxed assets Consecrated and beneficed property is not included in these financial statements in accordance with Sect.10 12) of the Charities Act 2011. Movable church furnishings held by the vicar and churchwardens on special trust for the PCC, listed in the church's inventory, and which can be inspected {at any reasonable timel are accounted for as inalienable property. For inalienable property where insufficient historic cost information 15 available. such a55ets are not valued in the financial statements. Items of more than £1,000 in value which are considered to be long term in nature and provide future economic benefits, are capitalized and depreciated in the financial statements over their anticipated useful economic life on a straight-line basis. Investments are valued at their market value as at 31 December each year. Movements in the value of the investment are recognised in the revaluation line within the statement of financial activitie5. Current assets Arnounts owing to the PCC at 31 December in respect of fees, rents or other income are shown as debtors. less provision for amounts that may prove un-collectable. Short-term deposits include cash held on deposit either with the CBF Church of England Funds. or at the bank. Funds UnrestrlctedAunds are general funds which can be used for PCC ordinary purposes. rhe funds can be used by the PCC to spend on Eeneral purposes for its own use and to spend on ongoing costs as well as any projects the PCC may enter into. Funds 'designated' for a particular purpose by the PCC are also unrestricted. Restrictedfunds represent la) incomeorendowmentswhich may beexpendedonlyon those restricted objects provided in the term5 of the trust or bequest. and {b) donations or grants received for a specific objective or invited by the PCC to be allocated to a specific object. The funds may only be spent on the specific object foi which they were given. Any balance remaining unspent at the end of each year 15 carried forward as a balance on that fund for use in future periods. The PCC does not currently invest separately for each fund. Where there is no separate investment, interest 15 apportioned to individual funds on an average balance ba515. Pacve l O
PAROCHIAL CHURCH COUNCIL OF CHURCH OF CHRISTTHE SAVIOUR NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 {CONTINUED) Unrestricted Funds Restricted Funds Total Funds 2024 2023 DONATIONS, GRANTS AND LEGACIES Planned giving: Donations Income tax recoverable Other donations Grants received Friends of CTS 30,180 5.765 64.390 30.180 5,765 64,390 26,923 9,927 48,884 100,335 100,335 85,734 The Friends of crs is a voluntary group that undertakes fund raising events to be used to for maifttaininB the fabric of the church. The proceeds of £0 (2023: £0} from the fundraising efforts are therefore considered to be restrieted. Page 11
PAROCHIALCHURCH COUNCILOF CHURCH OF CHRISTTHE 5AVIOUR NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 (CONTINUED) Unrestricted Funds Restricted Funds Total Funds 2024 2023 CHURCH AcfiviTIES Car park and church yard fees Church hall and pastoral centre rentals Wedding and funeral fees Residential property rental income Community centre rental income Sale of Christmas cards in church 3.750 20,598 3,750 20,598 3,900 15,175 237 18.253 6.000 23.630 4,000 500 23.630 4,000 soo 52.478 52,478 43,565 The PCC has the right to use a residential flat and community space c105e to the church. The income recognised in relation to the community centre reflects the cash rental received in the respective periods. Unrestricted Funds Restricted Funds Total Funds 2024 2023 INVESTMENT INCOME Dividends and interest includin8 any reclaimed tax 3,267 3,267 2,061 3,267 3,267 2,061
PAROCHIAL CHURCH COUNCILOF CHURCH OF CHRISTTHE SAVIOUR NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 (CONTINUED} Unrestricted Funds Restricted Funds Total Funds 2024 2023 CHURCH A1VITIES Missionary and charitable giving: relief and development agencies Grants provided 2,400 2,400 200 2,479 200 2AOO 200 2,600 2,479 Mlnistry costs: Diocesan quota 72.500 72,500 70,000 Building maintenance cost5: Church maintenance 11.618 11.618 2,525 Operating costs: Church running expenses Administrator costs Pest Control Organist and music Software and website costs Printing and stationery Bank charges Other costs 36.426 12.779 4,056 2.041 1,835 787 705 13,412 36,426 12,779 4,056 2,041 1,835 787 705 13,412 33,479 6.915 4,056 2,610 1,515 1,033 686 9,354 72,041 72,041 59,647 TOTAL EXpENDuRE 158,559 200 158,759 134,651 The missionary and charitable giving includes costs of £2,400 (2023- £2.4001 which relate to payments made to Citiien5 UK. Citizens UK is a charity that prornotes community organisation and works with the church. The PCC also provided 3 grant over the course of 2024 for£200. This grantwas paid to Christ the Redeemerchurch to Support their work with the Citizens UK charity. The PCC has used an administrator durin8 2024 and 2023 to help co-ordinate the day-to4ay activities of the church and to help oversee some of the maintenance of the church. Due to the nature of the arrangement with the administrator. the role is not that of an employee of the PCC. During 2024 and 2023. the PCC paid organists fees for the provision of music services over the course olthe year. The organists are not employee5 of the PCC. The organist fees are included in the Organist and Music costs of £2,04112023: £2,610) recognised in the year. There were no monies paid to members of the PCC"for their service5 other than for the reimbursement expenses. There were no direct employees of the PCC during the period12023.' nil). PaTre IJ
PAROCHIAL CHURCH COUNCIL OF CHURCH OF CHRISTTHE SAVIOUR NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 {CONTINUED) FIXED ASSETS FOR USE BYTHE PCC Market Market value at value at 31 December 31 December 2024 2023 Historical cost INVESTMENTS 462 Share5 in CBF'S Investment fund Not Known 10,683 10,444 The shares in the CBF'5 Investment Fund are valued at the bid-price as the assets are considered to be liquid in nature and this reflects the price they could expect to be sold for. The valuation used at year end is taken from the investment fund statement provided bythe fund manager. DEBTORS, PREPAYMENTS AND ACCRUED INCOME 2024 2023 Sale of Christmas cards Sale of Christmas trees Income tax recoverable 3,750 5,659 3,900 5.918 9,409 9,818 The income tax recoverable relates to Gift Aid claim5 that were made subsequent to the year end and was received in full in 2025. Page 14
PAROCHIAL CHURCH COUNCIL OF CHURCH OF CHRISTTHE SAVIOUR NOTESTO THE FINANCIALsfATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 (CONTINUED) 8(a) LIABILITIES: AMOUNTS FALLING DUE wrrHIN ONE YEAR 2024 2023 Accruals: Deferred rental income After date invoices 4,550 5.044 1,913 7,263 9,594 9,176 The deferred rental income of £4,550 {2023= £1.913) related to property rental income received in advance, and a prepayment of rental income to use the church hall. £5.04412023: £7.2631 was accrued for invoices relating to 2024 and were subsequently paid in 2025. 81b) LIABILITIES: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR 2024 2023 Loan from the Diocese of London There were no outstanding loan balances due to the Diocese of London in place at the year end {2023: £nil). Paoe 15
PAROCHIAL CHURCH COUNCIL OF CHURCH OF CHRISTTHE SAVIOUR NOTESTO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 (CONTINUED) 9(a) ANALY515 OF NET ASSETS BY FUND Unrestricted Fund5 Restricted Fund5 Total Fixed asset5 Cash at bank and on deposit Debtors Current liabilities 10,683 36,824 9,409 (9.594) 10,683 120,850 9,409 19,594) 84.026 Fund balance 47,322 84.026 131.348 91bl FUND DETAILS The Restrlcted Fund comprise the fund5 held on account for the Friends of Christ the Saviour of £4.026 {2023- £4,226), and a reserve balance of £80.000 to be retained for property maintenance. The Friends of crs is a community Eroup that was set up by members of the church in 2014. These funds are to be spent on the fabric of the church in accordance with the constitution, and are held as restricted funds. During 2021, the PCC created a restricted property maintenance fund. The purpose of the fund is to ring fence assets of the PCC for the purpose of building a reserve to finance any future building work5 that may be required. The amount set aside in the fund is determined by the PCC and could be subject to change in future periods. As at 31 December 2024. the amount designated to the property maintenance fund amounted to E80,000. The PCC arrived at this amount having considered the running costs of the church and how much of the total fu nds would be required to maintain a balan of close to 4 to 5 month5 estimated running costs in the unrestricted account. Patse 16
PAROCHIAL CHURCH COUNCIL OF CHURCH OF CHRisfTHE SAVIOUR INDEPENDENT EXAMINER'S REPORTTO THE PAROCHIAL CHURCH COUNCIL OF CHURCH OF CHRISTTHE SAVIOUR FOR THE YEAR ENDED 31 DECEMBER 2024 This report on the financial statements of the Parochial Church Council IPCCI forthe year ended 31 December 2iJ24. which are set out on pages 7 to 16, is in respect of an examination carried out in accordance with the Church Accounting Regulations 20061'the Regulations'l and s.145 of the Charities Act 20111.the Act. l. Respective responsibilities of the PCC and the Examiner A5 the members of the Pccyou are responsible forthe preparation of thefinancial statements; you consider that the audit requirerment of the Regulations and section 144121 of the Act does not apply. This report is issued on the1n accordance with the terms of the Regulations. 835is of this report My examinatlon was carried out in accordance with the General Directions given by the Charity Comrnission and the Church Accounting Regulations 2006 edition. An examination includes a review of the accounting records kept by the PCC and a comparison of the financial statements presented with those records. It also include5 consideration of any unusual items or disclosures in the accounts and seeking explanations f rom you as trustees concernin8 any such matters and the disclosure of them. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair, view and the report is limlted to the those matters set out in the statement below. Independent Examinerfs statement In connection with my examination. no matter has come to my attention which gives me cause to believe that in, anv material respect: the accounting records were not kept in accordance with section 130 of the Charities Act; or the accounts did not accord with the accounting records; or the accounts did not complywith the applicable requirement concerning the form and content of accounts set out in the Charities {Accounts and Reportsl Regulations 2008 and the Church Accounting Regulation5 20Q6 other than any requirement that the accounts give a 'true and fair. view which is not a matter considered as part ofan independent examination. I have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. onald Dated.'13 July 2025 80 Oaklands Road Hanwell London W7 2DU