ST CHAD'S THE PARISH CHURCH OF CHADWELL HEATH ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ST CHAD'S CHRIST INSIDE & OUT Clwity No.. 115(M)77
Incumbent Reverend Martin Court Parish Office St Chad's Church Office Chadwell Heath RM6 6JH churchoffice@stchads.church 020 8597 8076 Treasurer Mrs Deborah Karlettis Bank Barclays Bank PIC Romford Branch 36138 South Street Romford RM11RH Independent Examiner Ms K T Lee, FCMA 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 2024. Principal Activities and Governing Documents The principal activity in the year under review was that of a Parochial Church Council to a Church of England Parish Church. The Church of England and its parishes are "exempted charities" The PCC (Powersl Measure 1956 states that the PCC -is to Co-operate with the minister in promoting in the parish the whole mission of the church: pastoral, evangelistic, social, and ecumenical". Objectlves and Actlvltles St. Chad's Church is the Parish Church of Chadwell Heath and, as such, we believe that we have a spiritual, moral, and social responsibility to the 44,000 residents of Chadwell Heath. On a lar8er scale, an example of how we achieved this relatively recently would be how St Chad's worked with the local Councll as a community hub during the pandemic, but our longer-term vislon is to be so much more, especially to reach out to the older and more lonely members of our society. Wlth this in mind, St Chad's is heading towards the end of the first stage of a vision plan that has already seen us expand and grow In many dlfferent ways. At the end of 2021, we sold our little-used property"Somerville Hall", with the sole intentlon of raising sufficlent capital resources to renovate our church building to enable it to be utilised durin8 the week by more local 8roups, and at weekends for concerts etc, and also to construct a new, purpose built, café area at the front of the church. Much of 2024 was spent in bringlngthls work towards a conclusion. After work stalled for several months, we parted company with the bulldlng contractors that we orlginally employed, when the work In the church building itself was nearin8 completlon, and employed V&L construction to build the community café annexe. As at the end of 2024, the walls and timber frames for the roof are in place, with a view to making the entire construction watertight (roof, walls and windows) by March 2025. We have continued to liaise with expert contractors for heating, li8htin& and audio-visual to ensure that at the end of the project we have a fit-for-purpose building. The under-floor heating is now in Pla the new floor laid. The church building's internal stonework was repaired during 2024. The work on the refurbishment of the internals of the church building are almost completed, with just some finishing work required by the audio visual team. We were able to use the refurbished church building for our Christmas services, returning to the church hall for services vthilst the work to the church is completed, and we look fOnard to returning to our spiritual home in early 2025 (update: we returned in March 2025). We anticipate the new café annexe being completed and ready to serve the community in time forthe summer of 2025.
The overall project has been managed by our QS Richard Pierce. to whom we are so grateful for all of his hard work on St Chad'5 behalf. Our governance during this time has been strengthened by the continuing work of competent people working in key roles, specifically Colin Gilchrist. who has worked tirelessly with our accountant, Kim Lee, to bringthe church's finance5 into a much clearer position. Deirdre Maguire and Colin now oversee our Payroll, which runs very efficiently. Pauline Loomes continues to hold the church hub together by running the church offlce wlth efficiency. Bob Crowther, Lay Vlce Chair of PCC and SLT member, has worked with Martin throughout the sale of Somervllle Hall and the building project. Many other members of the church famlly voluntarily contribute their time in many ways, but speclfic mention should be made of Alan Hardlng, Neil Welsby, and Julian Cartwright, who not only work hard to repair, renovate, and tidy the church buildings and surrounding area, but have undertaken all of the constructlon work on the part of the new community cafe kitchen that will lead into the church, so that people attendin8 church services and other artivitles can easily be served with refreshments. Paul Quelch, our verger, is frequently on site to help to set up for services and funerals, and to act as keyholder when our hall is being used. Plans for the vision for the expansion of what St Chad's can provide to its community remain In place, as discussed at our leadership team "away dasrt in 2022 and then at a later event In 2024. The vlslon covers what our next five-year plan might look like, with prlmary focus being on the use of the revitalised church buildin8 and the new café. That will be a greater work for next year but our Senior Leadership Team (SLT) and leaders of St. Chad's Team (up to 24 people who head up the wlde varietv of ministries that we offer) meet regularly to discuss area5 of growth and how we might overcome Ilmiting factors that our teams face, with a viewto supportthe PCC as it continues our church's forward momentum. (The SLT acts as a Standing Committee and meet with greater frequency when a need arises). Achlevements and perforniance In the year In terms of the implementation of our vision document reviewed in 2016, the five-year plan has been extended due to the disruption of the Covid/lod(down years and will be further reviewed when the building project is nearing completion, which should be before the summer of 2025. Overthe pastyear, we have made progress in the following ways= Families, Children and Young People Regrettably. since grant funding ended, St Chad's had to make the hard decision not to retain the two roles of Children and Families Worker. and Children and Young People's worker, as we could not afford
to fund them from our own finances. Due to the continuing impact of Covid lockdown and the current closure of our church, we do not have the foorfall or church membership that we once had. Naturally, we will seek further funding once we have a better understanding of what facilities will be available, and how thls will impact on the growth of our worshipping community. Bearing in mind the si8nificant increase that we saw in the attendance to our services in the church buildin8 over Christmas. we have good reason to believe that attendance to church services will Increase once we return to the church buildin8.full time". We also expect church membership to grow as a dlrett result of our community café. Martln and Julle Court have temporarily taken over the chlldren and young people's ministries until further fundlng can be found. Martin works with the youth and has gathered a strong team together to help run the youth club. He also currently undertakes our schools, work. Julie has similarly built a good team to support children'5 work. particularly our Sunday school, and numbers have already started increasin8 on Sunday mornings. Julie has also reinstated our craft morning sesslons, a rnonthlv family session for children up to 11 years old, which continues to grow. There is a real need for thi5 enga8ement In Chadwell Heath. and St Chad's church is well placed and resourced to support families in this way. Sparkles Sparkles offers a weekly drop-ln session for antenatal parents, babies up to around 15 months, and their parents and carers, and this year celebrated 7 years of working with local famllies. Sparkles offers a8e-appropriate play, modelling communications skllls, parent/carer support, hot drinks and snacks, a slngln8 tlme with Instruments, and most of all a time to meet wlth other families. Sparkles also has an online group that parents use to meet up, donate clothes, toys, and equlpment, and move on to the 'alumnl" whlch 15 thriving. There are 4 regular volunteers who liaise with the borough and deanery services, usin8 training opportunrtie5 for matters such as mental healthlpaediatric first aid, and borough safe haven. Little Chadders Little Chadders wa5 our Mums, and Tots, ministry that we ran from a local church {not St Chad's) due to our lack of space at this time. It served around 15 families a week and was initially headed up by a staff member paid from grant funding. That funding ran out and we cannot afford to pay for a Children and Families Worker at this time. Volunteers did try to keep the ministry going but without success, and as of Christmas Eve 2024 we had to dose the ministry down. We very much hope to re-instate this
much needed and valuable ministry in our newly refurbished church premises when that work has been completed. Pre-school Our Pre-school remains a great outreach for the community working closely wlth Barking and Dagenham's Early Years Advisory Team. The work of the Pre-school goes beyond the children, as Kath Childs, Sian Cox and their team continue to support parents and carers in many ways. Currently St Chad's Pre-school has 11 members of staff: 2 Managers/SENCo's, l Finance person (to pay wages), 5 Key persons, I Support worker and l Bank staff, and l early year practitioner. We currently support 4 members of staff through apprenticeships Level 2 and 3 and Kath and Sian have recently started their Level 5 apprenticeship. The manager recently completed her Level 3 SENCO qualification, and the Deputy is continuin8 her tralnlng to be the Maths Champion. There are currently 28 children on roll. 15 of the children have additional needs whlch Include Speech and Langua8e delay, Emotional and Wellbeing difficulties and one has a formal diagnosis of Autism Spectrum Conditlon with 2 others on the A5C pathway waitlng to be dia8nosed. We have 5 children currently recelving topup funding for their complex needs. They receive between £2000-£2500 dependlng on thelr level of need. Top-up funding money Is used to pay the support workers, salary, and some SEN resources if needed. Thls year we have had a decrease in children receiving 30 hour and 15 hour workingfamlly fundln8 and an increase in the 2-year disadvantage funding. This is evident by the number of children who receive the Early Years Pupil Premium payments of an extra 68p per hour as a top up to purchase resources for that child. Pre-school have also supported familles in many ways such as diretting them to local food banks, directing them to the local SEND offer and referring families to Early Help and helping families to fill out forms such as Disability Livin8 Allowance claims. Community use of our facilities St. Chad's continues to partnerwith local groups that assist and extend the health and wellbeing of our local population. We provide space for groups such as an Irish Dancing group, a Youth dance school, and sports groups like Pilates. Table Tennis, and Karate. We have centlY started chair aerobics, and chair Tai Chi classes, predominantly aimed at the over 50s but open to all. This has proved so popular
that it has outgrown the initial space available in the church hall and has now moved into the church buildin& even though work on the building still continues. We are also home to 2 other churches for occasional services and to our local Guides Group which has grown since relocating from a smaller hall to our larger site. now also running a Rangers group. We also provide a safe space for an addicts group to meet. The Ward Panel Neighbourhood Watch use our church hall for monthly meetings. We also provide for the communlty through the regular hostlng of Jumble Sales and Festival Markets such as our Christmas Market, as well as the occasional summer fete. and qulzzes. Worship St. Chad's considers itself to be a worshipping communlty and this has contlnued as our ethos this year. Christine Brown Is a very accomplished musician and worship leader and continues to lead our worship at our 10.45 service with enthusiasm. Philip Foster, our choirniaster, is an equally accomplished muslclan and plays the organ (electric piano In or8an model) at our 9 AM services. Philip also plays trombone with the Pavilion Brass Band, who provide music at our Remembrance and Carol services. Our Yech Team.. led by Graham Wallis, continues to add to our Sunday servlces through their knowledge and skills, including the live streaming of our 10.45 services. These are regularly viewed by up to 60 people wlthln 24 hours of the service bein8 Streamed, and often over 100 people wlthln the next few weeks- reaching many parts of the UK on a regular basis and, literally, worldwlde when our church members are on holiday. Thls streaming ha5 continued now that services have moved into the church hall and as part of the dlscussions around the church refurblshment we are lookin8 at how we can further develop this part of how we deliver our services. Graham has been heavily involved in designing the requirements for audio/visual in the church building and the Improved sound and vlsion systems have now been installed in the church. Prayer and Pastoral Care Our prayer ministry team Is still very active offering prayer at our main Sunday Service. as well as running a prayer support WhatsApp group. This join5 very closelywith our welLme Team, headed up by Julie Clist, which continues to do much more than just welcome people on a Sunday. It also goes hand-in-hand with our pastoral ministry, which is headed up by our Associate Minister, Rev Christine, Harding. She, with her team. organise home and hospital visits, as well as supporting people with other pastoral needs. She and the team offer prayer ministry and counselling to anyone in need, both those
in and outside of our regular church family. This includes visits to nursing homes and homes for the elderly. Together with our prayer ministry team and our welcome team, this three-pronged approach towards individual care and support really does allow St Chad's to show Chrisvs love to anyone in need. With otherthlngs, our Home Groups Have suffered as a result of both the pandemic and our movement out of our church buildin& coupled with the sad passing of a (young) Home Group leader. Post- pandemic we only had one active Home Group meeting, however, our Vicar and another volunteer have just started a second Home Group (December 2024) which has about 12 regular members. Thev hope to build this group up and enable it to self-multiply. Home Groups remain an Important part of bow we build relationship and dlscipleship in ourchurch . Evangelism Much of evan8elism and pastoral care Is encompa55ed in our other church activitles, especially in our outreach to the wider communlty. We ran a Lent course based on the musical West Side Story, which led us to our Holy Week celebrations, beginnin8 wlth our children's Palm Sunday service. This was followed by our Maundy Thursday service. before jolnin8 With other local churches for a Walk of Witness and an outdoor ecumenical service on Good Friday. That was followed by our own hour at the cross reflertive service. Leading up to Easter we also handed out easter eggs on the High Road, and thls all culmlnated in a wonderful Easter Day celebration at both of our Sunday services. Similarly, our Chrlstmas is multi-faceted. Across the year we asked people to knlt, sew, or crochet particular designs With a view to them becoming Christmas tree decorations. Thi5 year we made bells and themed our Christmas around "Ringing out God's glorf. This year, we hung a total of 1,667 bells, each with a Christmas message attached and each taken by members of the public within 24 hours. As with previous years, our local schools wrote to us to say how much their children and their families enjoyed the experience of being welcomed to School with many bells dlsplayed on their school gate, Just waiting for them to be taken to a new home. We also get a great response from the public both in person and via Facebook. several people commenting on how the decoration has connected with them personally. We raised £6,655 from fundraising activities this year (predominantly jumble sales and our Christmas market, but also events such as quizzes). Our Youth raised over £475 for Stand By Me by sleeping on their floors for a week (now an annual event), the raised funds used to help disadvantaged children overseas.
St. Chad's holds a vision that uses our 'Soft touch, activitses to enable us to reach out to support people in deep ways. Examples of this would be our 'Coffee Shop. which, under the management Debbie Karlettis. continues to grow and acts Ilke a handshake to local people. inviting them in and making them aware of the things we do as a thurch. This will extend further outreach once our community café is completed. Our Mature Companions Club (MCC) headed up by our Associate Minister, Rev Christine Harding, which is at capacity, slmllarly provides an opportunity for us to meet people in a relaxed setting and 'get to knobrf them, and due to demand has had to increase to three Wednesdays a month. The MCC Christmas lunch (with entertainment from a live singer) attracted 60 people, which was the maximum that could be catered for in our current facillties - we are experting even greater numbers next year as we move thls event Into the church building. The MCC team provldes care and support through the lunch club. breakln8 Isolatlon and offerln8 frlendshlp to elderly residents. We have spoken with local leaders from A8e UK and are hopin8 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 variety of ad hoc events such as our Motherfs Union Cream Tea that attract people from outside of our church famlly. Whllst activlties such as our Sparkles group offers overt care, these more relational groups enable people to access greater support as those relationships bulld. We absolutely expect this to expand when our new caféls opened. Our addiction group (Cocaine Anonymous- a branch of A.A.I continues to thrlve. This year we have again run 'Restored Live<, a divorce and relationship support group headed up by lain Torrance. This event was originally run face-to-face but is now via ?oom" as this method allows more people to attend. Membership of the PCC The Annual Parochial Church Meeting is held every April when the PCC reports its activities and presents it5 accounts and members are eletted to the PCC by those on the Electoral Roll in accordance with the Church Representation Rules. The PCC members are responsible for making decisions on all matters of general concern and Importance to the parish including deciding on how the funds of the PCC are to be spent. New members receive initial training into the workings of the PCC.
PCC members that have served at any time from l January 2024 until the date of this report are: Rev Canon Martin Court Incufnbent and Chair Rev Christine Harding Pauline Loomes Associate Minister PCC Secretsry and Churchwarden (from April 2024) Churchwarden (from April 2024) Vice Chair / Churchwarden until April 2024 Ito April 2024) (to April 2024} (to April 20241 {to April 2024) (from April 2024) (from April 2024) Florence Moka Bob Crowther Vlctoria Burke Dave Charles Julie Court Kathy Baldwln lain Torrance Daryl Wllliams Beryl Du8gan Rosanne Baptiste Debble Karlettls Lucinda Crowther Deanery Synod Rep Deanery Synod Rep Paul Quelch Committees: The PCC has given time 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 successlon. In this way we are less dependent on particular individuals. The following sub-committees exist to assist the PCC: Senlor Leadership Team: This team is both an accountabllity team for the incumbent but also a soundin8 board for the leader where strategic issue5 have time to be thought through. The team has no legal power but is instrumental in helping the incumbent to assess and discern where certaln aspetts/ministries/logistics of the church are and help to plan towards the collective vislon of the church. Members of the team brin8 experience of Bankln& Administration, and H.R. management. This team consists of: Martin Court (Senior Leader). Christine Harding {Associate Minister), Julie Court, Bob Crowther (Lay Vice Chair of the PCC), and Rosanne Baptiste. Standing Committee". This is the only committee required by law. It has the power to transact the busine55 of the PCC between its meetings. subject to any directions given by the Council. This group consists Martin Court (Chair). Christine Harding (Associate Minister) Bob Crowther (Wice Chair) Julie Court, Rosanne Baptiste. io
Leadership Team: This comprises the people who head up our ministries and attivities in the church and those who hold senior teadership posts. It meets to discuss church matters and plan towards the future. It is also a meeting for collective learning and the growth in our leadership skills. People on this team include." Martin Court (Senior Leader), Julie Court. ChristSne Harding (Associate Minister), Bob Crowther (Lay Vice Chair of PCC), Colin Gilchrist (Finance Advisor), Pauline Loomes (Churchwarden, Office Manager and PCC secretary), Florence Moka (Churchwarden), Graham Wallis {Head of Tech Team), Kath Childs (Pre-school Manager), Julie Clist (Head of Welcome Team), Debbie Karlettis {Catering Manager), lain Torrance (Restored Lives), Marian Childs. Anne Foster (Sparklesl, Rosanne Baptiste, and Sue Wells. In June the Leadership team had an "away daf at a church in Havering-atte-Bower to disCUSS the future of St Chad's once the church Is reopened and the new community café annexe has been bullt, and In Aprll we took a riverboat to Putney to look at a café that had been set up alongside a church, to 8et Ideas of what our own café would look like. Deanery Synod: Two members of the church sit on the deanery Synod - Lucinda Crowther and Paul Quelch, and they also attended PCC meetings. This provides the PCC with an important link between the parlsh and the wider strurtures of the church. Martln Court is the Area Dean and Chalr of the Deanery Synod. The Electoral Roll., Paullne Loomes is our Electoral Roll Officer. Details with regards to our Electoral Roll can be found in the full APCM Report. Limiting Factors St. Chad's Church is constrained in the ministry activlty It seeks to achieve by our bulldin85. We have limlted space to provide for the things we know we could realistically achieve from our vision. Our buildin8s are aging and ill-equlpped for the twenty-first century and we are currently committed to a lar8e-scale renovation and re-buildlng of our available spaces which will help u5 realise our potential, to be much more of a community centre for Chadwell Heath. These plans are coming to fruition and we fully expect the building works for the churth and the new annexe to be completed by the summer of 2025. Volunteers We would like to thank all the volunteers who work so hard to make our church the lively and vibrant community it is. This would include (but is not an exhaustive list) people who help with our church serice5 (providing flowers, polishing the vessels, cleaning altar doths etc), those who help with our li
jumble sales and the Christmas market, those who assist with the on-going runnin& maintenance and refurbishment of our properties. and those who assist with the many voluntsry roles that provide support in our community, including the St Chad's coffee shop (the Sunshine Cafe) and the Mature Companions Club. Financial review The PCC is responsible for keeping proper accounting records which disclose with reasonable accuracy at anytime the financial position of the church. and which ensure that the financial statements comply with the Charities Art 1993 and the regulations issued in 1995 and 2000, revised in 2005. This report has been produced accordingto 8uidance dated 2006 issued bythe Archbishop's Council of the Church of England. The PCC is responsible for safeguarding the assets of the Church and hence for taking reasonable steps for the preventlon and detection of fraud and other irregularitie& Taxation Status: The PCC Is an exempt charty for taxation purposes as a church defined as a place of worshlp under the Place of Worship Act 1855. The financial activlties of the PCC are Set out in the attached financial statements, but key items of note are: In March of this year, PCC made the decision to transfer its Direct Giving to a charity called The Parlsh Giving Scheme. This meant that, ratherthan individuals settin8 UP their own standing order and signing Gift Aid declaration, paying by standing order, and then someone wlthin St Chad's havin8 to reclaim the Gift Aid, all donors now need to do is sign a dirett debit mandate and Glft Aid declaration and the PGS does the rest. The result IS that PGS claim all of the money, collate it, and send us the total of that month's giving. They also claim Gift Aid and that follows as a separate payment a few days later. A key result of thi5 is that not only have several new people from the church made a commitment to give on a monthly basis. but those already giving have refletted on the amount that they give. This has meant thatthere has been an overall increase in planned givin8from within the church family members from £65,587 to £76,626. an increase of £11,039. Total receipts of voluntary funds, including gift aid, was £115,799, with additional income from jumble sales, bank interest. hall lettin& coffee shop etc of £33,716 bringing our total income (excluding preschool) to £149,515. Our preschool is showing a deficit and to a large extent this is because they spent a grant this year that was reiVed in 2023. Another part of the deficit is high staff costs relative to income from fundin and to a large extent this is due to the large percentage of SEND children that they have, requiring a
lower stafflchild ratio. The preschool Income and expenditure is being given an overhaul in 2025 with a view to reducing expenditure, and increasing income. This continues to be an issue when minimum wages and National Insurance costs increase at a greater rate than Government funding towards pre- school education. In terms of outgoings, we again met our Parish share of £67,200 in full, and it should be noted that that there has been a 25% increase on this commitment over the past 2 years. We are assured that 2025's allocation is unlikely to increase by very much. if at all. As Wlth previous years, to put this into perspective, our income from planned giving by standing order and the envelope pledge scheme was £76,616, and so we are heavily reliant on "otherf, income to support our ministry, our staff costs, our administration and utility bills, and any other expenditure. Expenditure on unrestricted funds (which excludes preschool costs and after removing one-off expendlture) was £134,250. which gives a good Indication of the "cost of running St Chad's" As the amount of money on deposlt decreases in line with capital expenditure on the church refurbishment, naturally our income from bank interest will reduce. It will, therefore, be essential that the community 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 PCC'S objettive to Set aside funds each year to maintain a balance on free reserves (net current assets) whlch equates to at least three months, unrestricted payments. This would be equivalent to £37,360 and would be held to smooth out fluctuation5 in cash flow and to meet emergencies. Over the past few years, this has not been possible due to the reduction of income following the closure of Somerville Hall (which has resulted in a reduction in rental income of approximately £15,000 per year, and whilst the sale proceeds generated exceeded £lm these funds were spe.cifically designated for the building works}. To a certain extent, St Chad's is still recovering from lockdown and our church attendance again remains lower than pre-lockdown numbers. Thls wlll also have been influenced by our holding services in the church hall, We are also recovering from some families that have away from the area, so whilst income has dropped from those sources, it is encouraging that overall direct giving has increased. As referred to earlier, in February 2024 we explored moving our regular giving arrangements to the Parish Giving Scheme. This is an organisation that, as the name implies, exists to facilitate regular payments to churches. We went "live" in March, with most regular givers by standing order now giving by direct 13
debit, through PGS. This new method of payment was launched alongside a talk in church on giving, with the result that when people moved across their method of payment they also reviewed how much they give, and this resulted in an overall increase in our planned giving, including Gift Aid, to £103,773 from 2024's £90,461. In reality, that only returns us to a relatively neutral position and with the continued increases in utility costs, and National Insurance, it is still not Possible to build up our reserves any further. We remain heavily reliant on our fundraising activities and other income streams. such as our hall hire and our coffee shop, and anticipate a positive financial outcome from the new community café when that opens in 2025. In light of this we can review our reserves position towards the end of 2025. Approved by the PCC and signed on their behalf: Rev Martin Court Robert Crowther Incumbent Lay Vice Chair, PCC Date: a91¥/2," 14
THE PARISH CHURCH OF ST CHAD CHADWELL HEATH (Charity Registration No: 1150077) INDEPENDENT EXAMINER'S REPORT I report to the trustees of the PCC of St Chad on my examination of the accounts for the year ended 31 December 2024, which are set out on pages 16 to 24. Res tlve res on51bllttie$ of the PCC and the Examlner The charty's trustees are responsible for the preparats'on of the accounts. The charty's trustees applied for a dispensation from the accounts scrutiny requirements of section 144(2) of the Charities Act 2011 which was granted under Regulation 34(3)(b) of the Charities {Accounts and Reports) Regulations 2008 on 24 May 22. An Independent Examination has taken place instead of an audit under Regulation 31 {fj. l arn qualified to undertake the examination by being a member of The Chartered Institute of Management Accountants. It 55 my responsibility to: Examine the Accounts under sectlon 145 of the 2011 ACL Follow procedures laid down in the general directions given by the Charty Cornmissioners under section 145(5)(b) of th8 2011 Act: and State whether particular matters have come to my attents'on. My examination was carried out in accordance wrth the General Directions given by tha Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the account5 presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audi¢ and consequently no opinion is given as to whether the accounts present a 'true and fairf vlew. and the report is limited to those matters Set out in the statement below. In connection with my examination, no material matters have come to my attention in connection with examination 1. giving me reasonable cause to believe that in any material respect the requirements: to keep accountlng records in accordance with Section 130 of the 2011 Act: and to prepare accounts which accord with the accounting records and comply with accounting requirements of the 2011 Act have not been meL' or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Ms K T Lee, FCMA Mawney Accountancy 1 Beech Street Romford Essex RM7 7LA Date: 2Y /+/£s Page 15
THE PARISH CHURCH OF CHAD'S, CHADWELL HEATH charTty No: 1151x177 STATEMENT OF FINANCIAL ACTIVITIES for the Year ended 31 December 2024 General Totsl 2024 Total Funds Funds 2023 INCOME Voluntary income Activities for g8nerating funds Income from investrnents Church activities Other incoming resources 108.214 6,395 273 21x1 3205 4,280 260 115,799 6,655 8,273 176,138 2,930 137,151 7,303 9.179 174,005 2b 2£ 2d 18,588 157,350 2.930 TOTAL INCOME EXPENDITURE Church activities Costs of raising funds 126,012 161,890 309,795 327,638 107,300 933 41.206 223.389 29 371.895 326,789 916 3b TOTAL EXPENDrruRE 108233 41,206 223,418 371857 327 705 NEf INcoMEXPENDITuRE 17.779 19.313 61.528 63,062 67 TRANSFER BETWEEN FUNDS 10,149 9,549 600 NET MOVEMENT IN FUNDS 7.630 9,764 60,928 63,062 67 Total fvrKls bought forward8 26,607 565.243 1,015,455 1,607,305 T4)tsl funds carried forward 34,237 555,479 954.527 1.544,243 16
THE PARISH CHURCH OF ST CHAD'S. CHADWELL HEATH Charity No.. 1150077 BALANCE SHEET as at 31 December 2024 2024 2023 Notes FIXED ASSETS Tangible fixed assets 1,297,275 821,179 CURRENT ASSETS Debtors and Prepayments Cash at bank and in hand 4,777 245,796 250,573 5,864 784,316 790,180 LIABILTIES Creditors.. amounts falling due within one year 3,605 4,054 NET CURRENT ASSETSI{LIABILITIES) 246,968 786,126 TOTAL ASSETS LESS CURRENT LIABILITES 1,544,243 1,607,305 PARISH FUNDS Unrestricted funds 34,237 555,479 954,527 26,607 565,243 1,015,455 Designated funds Restricted funds 1,544,243 1,607.305 Approved by the Parochial Church Council and signed on its behalf by Rev Martin Court Chair Date: 27/¥12C 17
THE PARISH CHURCH OF ST CHAD CHADWELL HEATH (Charity Registration No: 1150077) Notes to the Financial Statements for the year ended 31 December 2024 1. Accounting Policies a) Accountlng Convention The PCC is a public entity within the meaning of FRS102. 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 view" provisions. They have been prepared under FRS102 (2019) as the applicable accounting standards and the 2019 version of the Statement of the Statement of Recommended Practice, Accounting and Reporting by Charities (SORP{FRS102)). The financial statements have been prepad under the historical cost conv8ntlon excapt for investment assets which are shown at market value. The financial statements 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 accountlng Funds help by the PCC are: Unrestrlcted funds are income funds which are to be spent on the PCC'S general purposes. Restrlcted funds comprlse (a) 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 activity intended by the donor. Any balance remaining unspent at the end of the year is carri8d forward as a balanc8 on that fund. Designated funds 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 as invested in fixed assets for the PCC'S own use are abated in line with those assets, annual depreciation charges in the SOFA. Designated funds rernain unrestricted, and the PCC will move any surplus to other general funds. c) Incomlng Rasources Voluntary Income Collections are recognised when received. Planned giving receiving is recognised only when received. Income tax recoverable on Gift Aid donations is recognised when the income is recognised. Grants and legacies are recognised when the PCC is legally entitled to the amount due. Income fmm Investments Interest entitlements are accounted for a8 they accrue. All Other Income All other income is recognised when it is receivable. Gains and Losses on Investments Realised gains are recognised when the investments are sold. Unrealised gains and losses are accounted for on revaluation on 31 December. d) Resources Expended Resources expended are accounted for on an accruals basis and are accounted for gross, apart from independent reviewer's remuneration and accountancy and grants and donations which are accounted for when paid over, or when rewarded where the award creates a binding obligated on the pcc. Page 18
THE PARISH CHURCH OF ST CHAD CHADWELL HEATH (Charity Registration No: 1150077) The diocesan parish contribution is accounted for when paid. Any parish contribution unpaid as at 31 December is provided for in these accounts as an operational (though not a legal) liabilty and is shown as a creditor in the balan sheeL e) Flxed Assets Conse¢ratsd and l>enefi¢e pmperty. in so far as c(Mwcrated and b8nefice propety of any kind is excluded from the statutory definition of 'charity' by Section 10(2)(a) and (c) of the Charities Act 2011 such assets are not capitalised in the financial statements. Moveable churrh furnlshlngs, held by the Vicar 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 &gn be inspected (at a reasonable b'me). 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 1 st January 2000 have been capitalised and depreciated on a straight4ine basis in the accounts over their currently anticipated useful economic life. other Bulldlngs, properties are included in the accounts at valuation. The PCC reviews the valuation annually, and any pemlanent impairment in value is transferred to the SOFA. No depreciation is charged on these buildings as, in the view of the PCC, the estimated useful life is so long that any charge would be immaterial. other Assets, Equipment used wtthin the church premises wrth a purchase price exceedlng £1.000 is capitalised. Individual items of equipment with a purchase price of £1.000 or less are written off when the asset is acquired. Depreciatlon, Depreciation is provided at the following rates to vmte off fixed assets over their useful lives. In addition, an annual impaimient review is carried OUL and where appropriate the carying value of an asset is reduced to the higher of net realisable value and recoverdble value through continued Church fumishings Furniture. fittings and office equipment fj Current Assets Amounts owing to the PCC as at 31 December in resp8Ct of fees. rents or other income are shown as debtors less provision for amounts that may prove uncdlectible. Short-term deposts include cash held on deposit erther wth the CBF Church of England Funds, or at the bank. 5% straight Ilne, 20 years 33% straight line, 3 years g) Golng Concern The church is able to pay its liabilities as they fall due, has no significant contingent liabllities or post balance sheet events that would contradict this view and has sufficient serveS to continue to operate for at least 12 months from the signature date of these accounts. Page 19
THE PARISH CHURCH OF sr CHAO'S. CHADWELL HEATH Charfty No: IL51K177 2. INCOME General Funds Desvjnated Funds Resttitted Funds TD131 2024 Total 2023 a. Voluntary income Planned gmng - bank Planned giving- envdop&s Loose plate ¢ollection5 Gift aid yellow envelopes One off grft aid gifts Non gfft aid donations Gift aid recovered Gift aid small donations NOn-recUlng one-off grants Donations - refurbishment gNing Donats'ons - youth Other funds generated 74,927 1.699 7,858 778 357 2,783 17.774 1,821 74,927 1,699 7,858 778 617 9.253 17.894 1,821 56.827 8.760 9.869 1,380 9.782 8,455 16,419 1,942 16,945 4,425 63 2.283 137,151 3,305 3,165 120 735 735 217 108,214 217 115,799 3.305 4,280 Rummage sales, raffles, otc 6,395 6,655 6,655 7,303 7.303 260 ¢. In¢ome from invostiii•nts Bank arKI Ixjilding society interest 8.273 8,273 9,179 9.179 8.273 d. Income from charftable %dvlUes PCC lees for weddings, funerals and olher Pre School roceipts Youth Church h811 lettings New beginnings Sparkles Mature mpanionS club Table t8nnis Coffee shop 503 155,553 157,350 157,350 200 15,049 176 110 15,249 176 110 14,256 341 39 206 3.047 176,138 194 3,119 174,005 3,047 18,588 157,350 e. Otherlncomlng rnsources Insurance claims 2,930 2,930 2.930 126,012 21,893 161,890 309.795 327,638 Planned giving, collections and Sbmilar donations are recognis8d when received. Tax refunds are recognised when the incoming resource to which they relate is received. Grants and legacies are accounted for when the PCC is entitled to use of the resources. their ults'mate receipts is considered reanabty certain and the amounts due are reliably quantifiable. All incoming resources are accounted for gross. 20
ThE PAIUSH CHURCH OF St CFIAD'S, CHADWELL HEATH Chaiity No: I1()77 3. EXPENDITURE General Designated Restricted Fmds Totsl 2024 Totsl a. chh acitrvitses Relief and Development Agenci Missionary and charitable gNing Evangelism Stsff Training Diocesan parish share Clergy and slaff expenses Youth New beginnlngs Sparkles Mature companions dub Table tennis Coffee Shop Pre School salaries Pre School other expendllure S31ari8s and pension costs Administrats'on Software & Licen5 Parish office telephone & broadb3nd Publications Independent Examlnation Accountancy & Payroll Costs Bank charges & Sumup fB8S Church insurance Church upkeep of services Church supplles Church utilities Church maintenance and repairs Church hall key holder fees Church hall insurance Church hall supplies Church hall utFliti8S Church hall malnten8nc8 and repairs Church hall refurbishment New Building Expenditure Depreciation 168 214 2,213 178 130 214 1( 67,200 106 67.200 62,843 88 1,153 70 82 780 76 76 256 14 1.462 157.164 27,313 29,708 5,786 256 14 1.462 1.750 132,833 10,415 43,477 6,399 2,563 1,216 70 360 1,787 218 2,458 282 257 3,348 682 1,738 2,027 1,201 11,101 2,334 157.164 27.313 20,294 1786 9,414 1.&37 10 350 450 1,337 10 350 450 295 2.575 917 2,575 917 845 3,685 15,364 2,155 2,124 816 10.031 335 510 14,854 2,155 2.124 816 75 335 12,815 25.058 223,389 12,818 25,058 371,895 18,892 14,222 326,789 107,300 41.206 b. Costs of ralslng funds Costs of fetes & other events 933 29 962 962 916 916 108,233 41.206 223,418 372,857 327.705 21
THE PARISH CHURCH OF STCHAD'S, CHADWELL HEATH Chaiity No: 115tKJ77 4. STAFF COSTS AND RELATED PARTIES a. Staff costs and number5 2024 179,329 9,167 3.486 191.982 2023 161,856 8,738 3.859 174.452 Wages and salaries Social security Pension costs Average number of employees 15 During the year the PCC employed a church administrator. a hall lettings manager. a hall deaner arKI a person in the capacity of keyholder duties. who was responsible for unlocking and locking up of th8 church h811 when events were being held. The PCC also employed several staff members to work in the Pre School. There were no employee benefrts paid to personnel in the previous or current years. No employee was paid more than £60.000 b. Rolatod partlos. transactlons. Talla Karlettis who is employed by the PCC is related to a member of the PCC. Pauline L(x>mes, the parish administrator and Debbte Karlettis the hall lettings manager are members of the PCC. neither are paid for being a members of the PCC. The totsl salaries figure shown in th8 accounts includes amounts payable to them for dut188 in accordance with their torn of employmenL Measures are in place to ensure that no confii(As of interest arise. The stipendiary Clergy were reimbursed for working expenses, it is considered that no material part of this relates to their dub'es as trust88S. Donations from related parties amounted to a total of £21,718. given for general purposes. youth work, and the refurbishment of the church. 22
THE PAAISH CHtIRCH OF STCHAD'S. CHADWELL HEATH Charlty No: 1150077 5. TANGIBLE FIXED ASSErs Church Amex Church Hall Total Actualldeemed cost At l January 2024 Disposals Additsons At 31 December 2024 353,041 485,(M 838.041 501,153 854,195 501,153 1.339.195 485.000 Depreci*ion At 1 January 2024 Wtthdrawn on disposals Charge for the year At 31 December 2024 16,862 16,862 25.058 41.920 25,058 41,920 Not book amounts Ai 31 December 2024 812.275 485,000 1.297,275 At 31 December 2023 336,179 485,(X)O 821,179 The freehold land and t>uildings comprises of th8 Church Hall and Church Annex. There is no record of the historlcal cost of the Church hall: this has been included at a fair value based on Iwo separate valuation8 sought by th8 PCC in 2020. 6. CURRENT ASSErs 2024 2023 Tax recoverable Prepayments & accrued In(rne Other debtors 1,117 4,747 4,777 7.CURRENT LIABILITES 2024 2023 Acwals & deferred incorne Agency Other creditors 2,655 950 2,639 1.415 Page 23
THE PARISH CHURCH OF ST CHAD'S. CHADvLL HEATH tharity No.. 1150077 8. FUNDS MOVEMENTS Bal flhd 0110112024 Income Expendiiurn Transfers Other gains & losses Bal cmwd 3111212024 UNRESTRICTED FUNDS PCC General fund 26.607 26.607 126.012 126,012 108.233 108,233 10,149 10,149 34,237 34,237 DESIGNATED FUNDS Altred Brainard Chair Fund Coffee Shop Halls Marlin Court's 60th Mature Companions Club New Beginnings Ray Childs Refurbishment Sparkles 1,345 2,200 3,815 2,240 3,047 15,255 575 1.462 24,814 10 9,559 575 201 2,531 530 59,179 103 201 2,355 176 74.033 69 14.854 76 41.206 110 21,893 RESTRICTED FUNDS City of London Mature Companions Club Pre School Pre School Refurbishment New Build Sparkles Youth 541 1,025 33,133 15.9(K) 41.010 920.248 727 2.871 1015,455 541 2,769 23.456 164 29,047 895,190 727 2,633 256 168,741 15,736 12,818 158,464 571 223,418 FIXED ASSET FUNDS FA - Church Hall 485,C#JJ 485.000 485,000 485,000 TOTAL 309.795 9. INSURANCE VALUATION OF THE BUILDINGS The properties owned and managed by the PCC are currently valued for insurance purposes as follow3: Bulldlng Descriptlon Insuranc• Valuatlon St Chad's Church The Marshall Hall Church Hall 9,980.tN]o 3,330,000 The policy includes trustees indnity inranCe for the sum of £250.000 24