ST CHAD'S THE PARISH CHURCH OF CHADWELL HEATH ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 ST CHAD'S CHRIST INSIDE & OUT Incumbent Reverend Martln Court Parish Office St Chacfs Church Office Chadwell Heath RM6 6JH churchoffice@Slchads.church 020 8597 8076 Treasurer Mrs Julie Court Bank Bardays Bank Ple Romford Branch 36138 South Street Romford RMI IRH IndepeThJent Examlner Ms K T Lee. ACMA Mawney Accountancy l Beech Street Romford Essex RM7 7LA The PCC presents Its report with the Accounts of the Church for the year ended 31 December 2023. Princlpal Artivities and Goveming Documents The principal actiwty in the year under review was that of a Parochial Church Council to a Church of England Parish Church. The Churth of En8land and its parishes are "exempted charities" The PCC (Powers) Measure 1956 states that the PCC °is to Co-operate with the minister in promotin8 in the parish the whole mission of the church: pastoral, evangelistlc, social, and ecumenical". Objectlves and Artlvities St. Chad's Church 15 the ParSsh Church of Chadwell Heath and, as such. we believe that we have splrltual, moral, and 50cial responsibilityto the 44,000 resldents of Chadwell Heath. An example of how we achieve this would be how St Chad's worked with the local Covncll as a communlty hub during the pandemlc, but our lon8er-temi vision is to be so much more, especially to reach out to the older and more lonely members of our soclety. With this in mind. St Chad's Is heading towards the end of the first sta8e of a vision plan that has already seen us expand and grow in many different ways. At the end of 2021, WÈ 501d our Ilttle-used property"Somerville Hall., with the sole intention of ralsing sufficlent capltaS resources to renovate our church bullding to enable It to be utilised durlng the week by more local groups, and at weekends for concerts etc, and also to construct a new, purpose bult, café area at the front of the church. Much of 2023 was spent in finallsing archltert's drawlngs and Ilalslng wlth Mossford's, the construrtion firm that we are u51ng for the project. Work has started and by the end of 2023 the renovation of the thurch building was well under way. The footin8s for the café area are In place and various "preP' whlch. under the management Debbie Karlettis, continues to grow and acts like a handshake to local people, inviting them in and makin8 them aware of the things we do as a church. This will extend further outreach once our community café is completed. Our Mature Companions Club {MCC) headed up by our Associate Minister, Rev Christine Hardin& whlch is at capacity, similarly provides opportunity for us to meet people in a relaxed settln8 and 'get to know them, and due to demand has had to increase to three Wednesdays a month. The MCC team provides care and support through the lunch club, breakin8 i501ation and offerlng friendship to elderly residents. We have spoken with local leaders from Age UK and are hoping to partner with them when our buildings have been renovated. Age UK currently do not work in Barking & Dagenham due to lack of facilities and volunteer staff. We can provide both of those. We also ran a variety of ad hoc events such as our Motherfs Union Cream Tea that attract people from outstde of our church family. Whilst a(Xivities such as our Sparkles group offers overt care. these more relational groups enable people to aC￿sS greater support as those relationships build. We absolutely expect this to expand when our new café is opened. Our addictlon 8roup {Cocaine Anonymous- a branch of AA.) continues to thrive. This year we have a8ain run 'Restored LIV￿ a divorce and relationship support group headed up by lain Torrance. Membershlp of the PCC The Annual Parochial Church Meeting is held every April when the PCC reports Its actiVFties and presents Its accounts and members are elected to the PCC by those on the Electoral Roll in accordance wFth the Church Representation Rules. The PCC members are responsible for makin8 decisions on all matters of general concem and importance to the parish includin8 deciding on howthe funds of the PCC are to be spent. New members receive initial tralnlng into the workings of the PCC The followln8 people seried on the Council in 2023, some chan8in8 after the Annual Meetln8: Rev Canon Martin Court Incumbent and Chalr A5￿ciate Minister Curate until Aprll 2023 On placement until September 2023 Secretary IPCC member from April 20231 Vlce Chair I Churchwarden {to April 20231 {to April 20231 (to Aprll 2023) (to April 20231 (from Awil 20231 {from April 2023) (from Aprll 20231 Rev Christine Hardlng Rev Kate ￿eJnrnann Rev Elwonjohn Pauline Loomes Bob Crowther Emanuel A8yeman lain Torran Chi Obi Liz Cock5 8eryl Du88an Rosanne 8aptiSte Debbie Karlettis Victoria Burke Dave Charles Julie Court Kathy Baldwin Lucinda Crowther Alan Harding Paul Quelch Deanery SyTh)d Rep Deanery Synod Rep Deanery Synod Rep Committees: The PCC has ￿'Ven tlme to extend and develop the sub-committees, in order to involve more people. including both PCC members and other church members, to increase resilience and improve succession. In this way we are less dependent on particular individuals. The following suboard for the leader where strategic issues have time to be thought through. The team has no legal power but is instrumental in helping the incumbent to assess and dlscern where certain aspects/ministries￿o61st1cs of the church are and help to plan towards the collective vision of the church. Members of the team bring experience of Bankin& Administration, and H.R. management. This team conslsts of: Martln Court (Senior Leader), Christine Harding (Associate Minister), Julie Court, Bob Crovrther (Church Warden and Wice Chair of the PCC), and R05anne Baptiste. Standing Commlttee., This15 the only commlttee requlred by law. tt has the power to transact the buslness of the PCC between Its meetings. subject to any directions given by the Council. This group consists Martin Court (Chairl, Christlne Harding {Assoclate Mlni5ter) Bob Cro¥V(her {Vice Chalr and Church Warden) Julle Court, Rosanne Baptiste. Leadership Team: Thi5 comprises the people who head up our mlnlstrles and actlvities Sn the church and those who hoSd senior leadershlp posts. It meets to discuss church matters and plan towards the future. It is also a meeting for collectNe learning and the growth in our leadership Skills. People on this team include: Martln Court {Senior Leader), Julie Court, Christine Harding {Assoclate Mlnisterl, Bob Crowther (Church Warden), Colin Gllthrlst (Asst Treasurer). Kate Szjenmann and Elwon John (Curates, both of whom left St Chad'5 in 20231. Pauline Loomes (Office Mana8erlPCC secretary), Graham Walli5 (Head of Tech Team), Victoria Burke/Kath Childs {Pre-School Managers). Julie Clist {Head of Welcome Team), Debbie Karlettis Icaterlng Mana8er). laln Torrance, Marian Childs, Anne Foster, Ray Childs. Rosanne Baptiste, and Sue Wells. Deanery Synod.. Three members of the church Sit on the deanery synod - Luclnda Crowther, Paul Quelch and Alan Hardin& and they also attended PCC meetings. This provides the PCC with an important Ilnk between the parlsh and the wider structures of the church. Martin Court is the Area Dean and Chair of the Deanery Synod. The Electoral Roll.. Pauline Loomes is our Electoral Roll Officer. Details with regards to our Electoral Roll can be found in the full APCM Report. Llmiting Factors St. Chad's Church is constrained In the ministry activity it seeks to achieve by our buildings. We have limited space to provide for the things we know we could realistically athieve from our vision. Our buildings are aging and ilPequipped for the twenty-first century and we are currently committed to a large-scale renovation and revbuilding of our available spaces which will help us realise our potential to be much more of a communlty centre for Cha(hvell Heath. These plans are coming to fruition and WÈ fulty expect the building works for the churth and the new annexe to be completed by the summer of 2024. Volunteers We would like to thank all the volunteer5 who work so hard to make our church the lively and vlbrant communlty it Is. This would include (but Is not an exhaustive Ilst) people who help with our church services {providin£ fiowers, polishlng the vessels, cleanin8 altar cloths etc), those who help with our jumble sales and the Chrtstmas market, those who asslst with the on-going runnin& malntenance and refurbishment of our properties, and those who asslst with the many voluntsry roles that provlde 5UPPOrt in our community, intludin8 the St Chad's coffee shop (the Sunshine Café) and the Mature Companions Club. Flnanclal revlew The PCC Is responslble for keeplng proper accountlng records which dtsclose with reasonable atturacy at any time the financial position of the thurch. and which ensure that the financlal statements complv with the Charities Act 1993 and the regulations issued in 1995 and 2(KIO, revised in 2005. Thls report has been produced accordin8 to guidance dated 2LX)6 Issued by the Archbishop's Councll of the Church of England. The PCC is responsible for safeguarding the assets of the Church and hence for taking reasonable steps for the prevention and detection of fraud and other Irregularities. Taxation Status: The PCC is an exempt tharity for taxation purposes as a church defined as a place of worship under the Place of Worship Act 1855. The financlal activities of the PCC are set out in the attached financlal statements. but key item5 of note are: Broadly speaking. receipts from within the church family {direct g*ving} remained similar to those of 2022 with a small incTease of £1,018 throughout the year. Plate givin& including that throu8h the Gift Aid "yellow envelope" scheme. increased by £1.346. io Total receipts of voluntary funds {includin8 gift aid but ignoringon&off grants and specific 8tfts towards the Youth Leaderl was £111,469. with additional income from jumble sales, bank interest, hall lettin& coffee shop etc of £34,934 bringing our total income lexcludtng preschool) to £146.403. What should be noted is that as interest rates rose, the amount that Barclays bank paid us on our deposit of the sale of proceeds of Somerville hall increased. This resulted in an increase in our income of £9,911, or £7.861 more than 2022. Our preschool also had an increase in thelr Intome. £23,824 8reater than the income in 2022. Without these two "extra" sources of incorne (compared to last year) we would doubtless have had to use our reserves to meet our essential expenditure. We undertook a glft day specificallyforour Youth Leaderfs salary whilst we attempted to obtain a grant that would enable us to support her going forward. This amounted to approximately £10,000, but we were unsuceessful in securin8 further grant monies and Belinda's contract was terminated when the fvnds were depleted. In terms of outgoings. we again met our Parish share of £62,843 In full, albeit that thls was a 20% Increase on 2022's figure. To put this Into perspectlve. our income from planned glvln8 by standlng order and the envelope pled8e stheme was £65,587, and so we are heavily rellant on -otherf income to support our ministry, our staff costs, our administration and utility bllls, and any other expenditure. Expenditure on unrestrlcted funds Iwhlch excludes presthool costs) was £148,837, which 8ives a good Indlcation of the "cost of running St Chad'<, albeit in 2024 our salary costs will be less now that we have no employed Youth Leader. As the amount of money on deposit decreases in line with capital expenditure on the church refurbishment, naturally our income from bank interest will reduce. It will, therefore, be essentlal that the communlty café becomes a source of net income in order for St Chad's to continue to operate without a deficit. Reserves pollcy It Is the PCCS objectlve to set aside funds each year to maintain a balance on free reserrfes (net current assets) which equates to at least three Month￿ unrestricted pa￿ents. This would be equivalent to £37,209 and would be held to smooth out fluctuations in cash flow and to meet emer8encies. Over the past few years. this has not been possible due to the reduction of income followin8 the closure of Somerville Hall {which has resulted in a reduction in rental income of approximately £15,(hJO per year, li and whilst the sale proceeds generated exceeded £lm these funds a specifically designed for the building works). To a certaln extent, St Chad's is still recovering from lockdown and our church attendance in 2023 is again lower than prevlockdown numbers. We have also had some families move away from the area, so whllst income has dropped from those Sour￿5, it is encouraging that overall direct giving ha5 changed little, meaningthat the donations lost have been replaced. That only returns us to a relatively neutral position and with the increases in utility cost5, it is not possible to build up our reserves any further. We remain reliant on the succes5 of our preschool to approach anything close to°break even". That said, we fully expect that after the capital expense of refurbishing the thurch and building the new café, we will see a si8nificant increase in our income, albeit with a proportional increase in expenditure, and in light of this we can review our reserves Position towards the end of 2024. Approved by the PCC and slgned on their behalf: Rev Martin Court Robert Crowther Churchwarden Incumbent ,16/L* Date". INDEPENDENT EXAMINER'S REPORT I reportto the trust￿ of th8 PCC on my e￿￿nIna11On of the ac(x)unts for the year ended 31 December 2023, which ar8 Sgt out on pages 14 - 21. ctlve nslblllties of the PCC and the Examin8r The charty's trustees are responsible for the preparabon of the accounts. Th8 charity's truste8s consider that an audit is not requir8d for this yèar under ￿tIOn 14412) of the Charities Act 2011 (the 2011 Act) and that an Independent Examination is needed. l am qualified to undertake the examination by being a member of The Charte￿1 Institut8 of Management Accountsnts. It is my responsibillty to: Examine the AcC￿nts undw S￿1)(￿ 145 of tho 2011 Art Follcxw procedures laid down in the general directions given by the Chaiity Commissioner8 under section 145(5)(b) of th8 2011 Ac(. and Stste vthether part￿lar mattws have come to my attentlon. My examination was r2thed out in accordance wrth th8 General ￿'reCtionS given by the Charity Commission. An examination includes a review of th8 accounting r8¢ords kept by the charity and a comparison of the accounts presented with those records. It also indudes consideration of any unusual items or disdosures in the accounts and $88king explanations from you as trustees conceming any such matters. Thè procedures undertaken do not rxovide all the evidenc8 that be requir8d in an audic and consequently no c4)inion is given as to bvtthr the accounts present a 'true and fair, vwi and the r8Wt is limited to those matters set in the statement below. ndent Examlnerfs Sta mo In connection with my examinab'on. rK> materlal rnatters have come to my attention in conne(*on with @xaminats'on 1. giving me rea￿nable cause to believe that In ary material respect the requlrements." to keep accounting r8¢c*ds in accordance with Section 130 of the 2011 A¢ and to prepare accounts vthich accc(d wth the actwnting records and comply with accounting rwauirements of the 2011 Act have not been met or 2. to which, in ry opinion, attention shoukl be drawn in order to 8nable a proper understanding of the accounts to b& rna¢hed. Ms K T Lee, ACMA Mawney Accountsncy 1 Beech Street Romford Essex RM7 7LA SIgn￿. 1116 Iz 13 THE PAWSH CHURCH OF&f CIIAD5. CIIADWÉLL HEATH Charty No: I￿￿77 STATEMENT OF FINANCIAL ACTIVITIES for the Year ended 31 Decern￿r 2023 Totsl 2022 Funts 2023 INCOME Voluntsry income Activities for gener8ting funds Income from inveslments Church activities other incoming res￿re88 113.612 22,194 137.151 7,303 9,179 174,Cl)5 127240 5,311 1.318 158,707 2b 2¢ 9.179 17.949 155,553 TOTAL INCOME 130.597 19,294 177,T47 32T.638 293.226 EXPENDITURE Church &tivf(ies Costs of rai$ing fvnd8 119,573 916 178,868 326.789 916 337,434 TOTAL EXPENEffiJRE 120.489 28,348 178.868 321,705 338,422 INCOMEIEXFENDITURE 10,1( 1,121 67 45,198 TRANSFER BEfwEEN FUNDS 2,83T 12.037 NEf MOVEMENT IN FUNDS 7,472 10&1 67 45,196 Totsl fijnds bJught forwards 19,135 77261 1,025,976 1.122,372 Totsl fund8 carr￿d fo￿rd 20,607 80.243 1.015.455 1.122,305 14 THE PAASH OFUROI OFStOIAD'S, CHID￿ HFATH Charlty ￿. I15￿77 BALANCE SHEET as at 31 Decembar 2023 2023 FIXED A8SErs Tangtble fixed assets 821.179 535,164 CURRENT ASSETS Debtors and PrepaYm￿ts Cash at bank and in hatKI 5,214 1,070.056 1.075,270 784,316 790.180 LIABILTIES Credrtor8: amunts falliryJ duè wtthin one year 4.054 3.c￿2 NET CURRENT ASSEfsi(LIA8IUTIES) 7&8.125 1.072,208 TOTAL ASSETS LESS CURRENT LIABIUTES 1.607,305 1,607.372 PARISH FUNDS Unrestrided fvnds Designated funds Fixed Asset Funds Buildings Reser489 Re8trtctod fvnd8 28,607 19.135 80243 77261 336.179 50,164 485,(KX) 485,C 679,278 975,812 1.607.305 t,607,372 Approved by tr* Panxhial Churth aThJ ￿9n￿l on tts bahalf by Rev Mar￿￿ Court Chair Notes to the Financial Statements for the year ended 31 December 2023 I. ACCOUNTING POLiaES Accounting Convention The PCC is a public entity within the meaning of FR5102. The financial statements have been prepared under the Charities Act2011 and in accordance with the Church Accounting Regulations 2006 governing the individual accounts of PCCS and with the Regulations. "true and fair vievf provisions. They have been prepared under FRS102 (2016) as the applicable accounting standards and the 2016 version of the Statement of the Statement of Recommended Practice, Accounting and Reportin8 by Charlties {SORPIFR5102)1. The financlal statements have been prepared underthe historical cost convention exceptfor Investment assets which are shown at market value. The financial ststements include all transactions, assets and liabilities for which the PCC is responsible by law. They do not include the accounts of church groups that owe their affiliation to another body, nor those that are informal gatherings of church members. b. Fund accounting Funds held by the PCC are: Unrestrlrtedfvnds are income funds whlch are to be spent on the PCCS 8eneral purposes. Deslqnated fvnds are general funds set aside by the PCC for use in the future. Project funds are designated for particular projects for administration purposes only. Funds designated a5 invested In fixed assets for the PCCS own use are abated in line with those assets, annual depreciatk*n charge5 In the SOFA Designated fvnds rernaln unrestricted and the PCC will move any surplus to other general funds. Restrlrtedfvnds comprlse la} income from trusts or endowments which Is to be expended only on the restricted purposes intended by the donor and (b) revenue donations or grants for a specific PCC actlvlty intended by the donor. Any balance ￿maInIng unspent at the end of the year is carried foNard as a balance on that fund. Incomlng Resources Voluntory Income Collections are reco8nised when received. Planned giving receiving is reco8nised only when received. Income tax recoverable on Grft Aid donations is recognised when the income Is retognlsed. Grant5 and legacies are reco8nised when the PCC is legally entitled to the amount due. Divldends are accounted for when due and payable. Interest entitlements are accounted for as thev accrue. All Other Income All other income is recognised when it is receivable. d. Resources Used Resources expended are accounted for on an acuuals basis and are accounted for gross, apart from independent reviewerfs remuneration and accountancy and 8rants and donations which are accounted for when paid over, or when rewarded where the award creates a binding obli8ated on the PCC. 16 Support cost5 are apportioned to activitles in proportion to the estimated proportion of time spent on those attivities by the Parish Adminlstratlon. Church Artivitle5 The diocesan parish contribution is accounted for when patd. Any parish contribution unpaid at 31 December is provided for in these accounts as an operational {though not a legall liability and is shown as a credFtor in the balance sheet. Flxed Assets Consecrnted and benefice pmperty, in so far as consecrated and benefice property of any kind is excluded from the statutory definition of 'charitV by Section 10121(a) and {c) of the Charities Act 2011 such assets are not capitalised in the financial statements. Moveable churchfvrnlshing. held by the Wicar and Churchwardens on special trust for the PCC and which require a faculty for disposal, are accounted as inalienable property unless consecrated. They are listed in the church's Inventory which can be inspected lat a reasonable timel. For inalienable property acquired prior to 2000 there is insufficient cost information available and therefore, such assets are not valued In the accounts. Items acquired since 1st January 20￿ have been capitalised and depreciated on a straight-llne basis in the accounts over their currently anticipated useful economic life. Other Bulldlngs, propertles are included In the accounts at valuation. The PCC reviews the valuation annually, and any permanent impairment in value is transferred to the SOFA. No depreciation is charged on these buildin8s as, in the view of the PCC, the estimated useful life is so long that any charge would be Immaterfal. Other Assets. equipment used within the churth premise5 With a purchase price exceedin8 £l,OLX) is capitalised. Indlvldual items of equipment with a purchase prlce of £I,1J￿ or less are written off when the asset is acquired. Depreclatlon, is provided at the following rates to write off flxed assets over their useful lives. In addition, an annual impairment review is carried out, and where appropriate the carrying value of an asset is reduced to the higher of net realisable value and recoverable value throu8h continued use. Church furnishings 5% stralght line, 20 years Furnlture. ffttin8s. and office equipment 33% straight line, 3 years No depreciation is provided on buildings as the currently estimated residual value of the properties is not less than their carrwng value and the remaining useful like of these assets currently exceeds 50 years, so that any depreciation charges would be immaterial. An impairment review is carried out at each year*nd and any resultant loss identified included in expenditure for the year. f. Current Assets Amounts owing to the PCC as at 31 December in respect of fees. rents or other income are shown as debtors less provision for amounts that may prove uncollectible. 8. Going Concern The church is able to pay tts liabilities as they fall due. has no si8nificant contingent liabilities or post balance sheet events that would contradict this vlew and has wfficient reserves to continue to operate for at least 12 months from the si8nature date of these accounts. 17 THE PARtSH tsIUR(H 1% STfMDS. CIIAD¥*EiL HEATH Chaffty No". IL￿￿17 2. INCOME T•tsl 2023 Totsl 2022 Fy Fynds a. VoluKtsryln¢ome Planned gwiThJ - iwk Planned giviNJ- envdopes Other F4anned gNing Loose plate cdleckn)s Gift ald yeltow envd One off gift aid glfts Non gift aid donabons Gift recover￿1 Gift aKI small donalK Recurrlng grants Non.recurmg one-off grants Donadons- refurbtshrwt gr*iNJ Donalh)ns. yovth 0￿r fvnds g8neratal 56.827 &7 56,827 8,760 55,644 8.925 9,869 1.380 9,782 9,103 800 1,700 3,606 15,727 2,300 23,OC¥J 6,373 15J51 1.942 737 1,Cb9 16,419 1.942 15,9CM) 4,425 16.945 4.425 63 2.283 137,151 5,847 433 356 f 27,240 2283 113.612 22,194 Rummage sale& raffles. 8tc T.￿3 7,303 5,311 5.311 7.303 Bank and building scoety inter8St CDBF tNst account intffgst 9.179 9.179 1,318 9.179 d. In￿ from ¢harf14bl• •dlvllles PCC fees lor w8dding& lunwals aNI other Pre SdKoI wipts Youlh Church hall letbThJ5 New beginnings Sparkles Mature companions dub Tabl& teftnis Coffee shop Parish ￿ekend PUbl￿￿on$ 9,179 1,318 503 155,553 247 131,729 155.553 14.256 14.256 341 39 12.036 238 39 194 1119 3,119 2,667 11,358 17,949 155,553 174.OQ5 158,707 e. 011￿rin￿MIngTrmUrt Insurance d￿'mS 650 1&1,597 19.294 1TI.747 327.638 293,226 Pknned gNirvJ, collections and ￿milar th)nations are rwnisfyy vhEn ￿1Ved. TÈX refunds are wogllised when the incoming resource to which tw relate is receinl. Grants and *acies are acc￿nt￿l forwhen the PCC is entitled to use ofthe re￿r￿s, their ultimate receipts is COrwder￿ reasonably certain and the amounts du8 are reliably quantifiable. Al inc(Mniry rewrces are account￿1 gro 18 THE PAWSH CHURCH OFsf CHAD5. CWWEiL HEATH Charrty No: I￿￿17 3. EXPENDITURE Total 2023 Totsl 2022 Fun Rdief tknhjpment Aw(?8S MI￿Onary and ￿ta￿de givll Evai¥Jel'sm Staff Tralnlng Dicwan parish shwe Clergy aThJ staff exp&ws Youth Parish wetkeThJ Nthv tw'nniigs Sparkles Mature Lyjmpanions Ta￿e tenn coff￿ Shop Pre scho￿ salwles Pre School oU*r exFwJiture Salaries anfl wnsion costs Administrathjn Sofhvare & Lk•nc05 Parish offic8 tsknph￿ & PUtAiCat￿ns Independent Examination ACcoun￿cY & Payroll Costs Bank tharges 8 Sumup fees Church insur8nc• Church upkeep of servThs Chwch SUPFAies Church ulililie5 Church maintenance and repays Church major rgpairs arNJ delts Church hall W hotder fegs Chur¢h hall insuran Church hall supplres Church h211 ulilrt*s Chufch hall maint8nance aThJ reF4irs Churth ham refuthshffthl New Buihjing ExF￿n￿rtUrfj Depreaation 2213 178 1¥J 2,213 178 3.372 472 110 976 51,454 62.843 1.153 2,650 17.467 661 150 425 13 1,721 104.142 6,039 67.043 8,675 1,533 1.375 169 70 70 82 350 24 1,750 132,833 10.415 43.477 6.399 2,563 1216 70 132.833 10.415 34.431 2563 1216 70 1.787 218 1.787 218 2,580 145 2,297 282 257 282 257 220 1.255 1.356 1,738 2,027 1.201 11.101 1,765 1.894 669 11,654 3.488 2.027 1201 11,101 979 18,892 14.222 178.868 18,892 14.222 326.789 39,342 2.640 337.434 119,5n b. Costs olrnlslnghnds Costs ol fetes & e￿ts 916 916 916 916 120.489 178.868 327,705 338,422 ThE PAR15FI CHURCJI OF5T CIIAD'S. (XIDWELL HEATh Charity No: li￿ 4. STAFF COSTS AND RELATED PARTIES . Staff rnsts and Aumb 2ts23 167.348 8,269 Wages and salarie5 Sorial s8uJrity Pension costs 161.856 8,738 3,859 174,452 179.206 Average number of employees 18 Durfng the year the PCC em￿oyed a church administrator. a youth 7hYYker, a hall lettings manager. a hall cleaner and a person in the capacity of keyhoider duti8s. who vras responsible for unk¢king and k)cking up of the church hall when events were being held. The PCC also employed 6everal staff members to wcrfk in the Pre Sch(J)l. There wer8 no employee benefits paid to p8rsonnd In the W8VKUS or current years. No omployee was paNJ more than £WJ.O(KI b. R•l*d p*U•s' tranuclloTrs. Amolia Burk8 aThJ Talia Kadettis wl)0 are empw ty the PCC aro related to members rfth8 PCC. Pauline Loomes, the parish administrator and D&bbie Karl&tb$ the hall iettings manager are memb8rs of the PCC. neither are paid kn b￿.r￿a a member5 ofthe PCC. The total salan* figure strwn in th8 accounts indudes amojnts payable to thwn fc￿ dutt8s in accorda￿ their te￿$ ofemploym8nt. Measuw are in place to ensure that no corfflicts crf interest arise. The stipendiary Clergy vmo reimiwrsed for workirvJ exp￿ rt is that no matsrial p8rt of this relates to their duts8 88 tnJ8tae& tkJnation8 from re18ted parties am￿nted to a totsl of £17.02& gpthi for general purpose& y wcffl and the rafurbi6hment cl the Church. 20 THE PARISH (HURCH OF KCHADS. OIAOWELLHEATH ChartyNo: 5. TANGIBLE FIXED ASSETS Hall Total Actualldewll•d cost At 1 January 2023 Disposals Additsjns At 31 2023 804 485.( 537,804 3CIJ,237 353.041 300,237 83B.041 48S.QOO D•pre¢lall¢)A Al 1 J8nw 2023 Disposals 14222 16,862 14,222 16,862 AI 31 2023 Not book arnoynts Al 31 Decamber 2023 336,179 485,fAJO 821,179 At 31 Dgxmber 2022 gJ.164 535.164 Th8 frnehokl larKI and buildi￿5 c1jrnFff￿s ofth8 Church Hall afKI Clwrch Annex. There is no record of the hl*orical cost crf the Church hall: thrs has been at a fair b88ed on Iw? separate valuations sought by ts PCC in 2020. 6. CURRENT ASSETS 23 T&x r¢￿VeratI& Prepayments & ¥xn*d Other debtors 1,117 4,747 3,264 1.950 7.CURRENT UABILITES 2022 Accmals & defer￿1 inca)n Ag￿¢Y Other creditors 2.639 1,415 2,512 550 Page 21 8. FUNDS MOVEIAENTS Trnnsfers Othqrggini B¥1 rJhvd 3111212023 •iAMnfr23 UNRESTRICTED FUNDS PCC General Iw 19.135 130,597 130.$97 120,489 2.637 26,607 DESIGNATED FUNDS fred Brainard Coffee Shcrf) Halls Mature Co[ry)anio￿ Club New ￿thnIng5 Refutbishment - dwn8tgJ Sp￿￿es 1,345 2.240 &119 14.49) 1.750 26.469 18 12,019 201 201 2,355 74.033 69 341 70 74,033 88 RESTRICTED FUNDS City of London Mature companio￿ Pre Sthool Pre Sthool Refurtra'sth8nt - restritsj New Bu5￿¢fUrt￿$hm8nt Sparkles Youth 3.652 1.375 2T,359 3,111 350 141.116 541 1,025 33.133 15,￿) 41.010 920,248 727 2,871 1015 455 9,400 15,9)] 35.516 953.362 751 3,961 1025 976 33,114 24 1.153 TOTAL 1122 372 The transfer from thg R8fjJrbishment ts•gnat￿I fund to the Gwal fund folboknwl th8 reallocation of relevant Costs 9. INSURANCE VALUATION OF THE BUILDINGS The propertie8 and managed ty th8 PCC are currffj Ydlu&l for insurar￿9 wjrpow as folh)ws'. Bulldlng In•urnnc• V*luation St Chad's Churth Th8 Marshall Hall 9.980.IXKI 3.330,C The pollcy includes trusieos indwnnity In￿rar￿ for the of£250.(MXI 22