ST CHAD'S THE PARISH CHURCH OF CHADWELL HEATH ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 ST CHAtYs CHRIST INSIDE & OUT Ch*ity No." I1￿77 Parish Office St Chad's Church Office Chadwell Heath RM6 6JH churchoffice@stchads.church 020 8597 8076 Charity number 1150077 Incumbent Reverend Canon Martin Court Treasurer Mrs Dora Bowes Bank Bardays Bank PIC Romford Branch 36138 South Street Romford RM11RH Independent Examiner Ms K TLee, FCMA Mawney Accountancy 1 Beech Street Romford Essex RM7 7L4 The Parochial Church Council is a Registered Charity No. 1150077 with the Charity Commission. This report for the year ended 31 st December 2025 complies with the current statutory requirements. Principal Activities and Governing Documents The principal activty in the year under review was that of a Parochial Church Council to Church of England Parish Church. The Church of England and its parishes ar8 exempted charities" The PCC (Powers) Measure 1956 ststes that The Parochial Church Council (henceforth °PCC°) has the responsibility of co-operating with the vI￿r (Rev Canon Martin Court). in promoting in the ecclesiastical parish. the whole mission of the Church.. pastoral, evangelistlc, social and ecumenical. The PCC is also responsible for the church hall situated on the church site. Our congregation and electoral foll lessened over the period of COVID and our necessary move to worship in our hall complex but 2025 has seen us re*nter our church building with immediate effect in growing attendees at our sep4ices. Our Christmas seNices were, once again. very well attended and we welcomed our local Primary School in with parents for their Chrisbnas Carol services. Our regular seNices are listed below. Objectives and Activities St. Chad's Church is part of the Church of England situated in the diocese of Chelmsford. It Is located in the London Borough of Barking & Dagenham (LBBD) and as such, falls within the poorest London borough. St. Chad's seeks to be a beacon of Christ's light in a very diverse and multi-religious town. with its ministries guided by the needs of our community outlined in the LBBD Joint Local Health & Wellbeing Strategy 202>2028. That document highlights the poverty in our area, poor lrfestyle Choi￿$. poor diet and heatth and low lrfe expectancy amongst others. We are also aware of the significant parental needs in our town, We have a parish consisting of about 22.000 people in a little over a square mile. but in practice se￿e a much greater area than that. We do all that you would expect a church to do primarily enabling people lo live out lives of faith through worship, prayer, scripture and the liturgical tenets of the Church of England. To that end the PCC maintain the fabric of the church as well as ensuring it is fit for purpose in the 21$1 century. We are currenty coming to the completion of a £1.3m building project which has.. Made th8 building watertight and ￿furbIShed its stone works. Made the church a more fiexible space by removing its pews to 8nabl8 greater community use. Update its heating, lighting and A.V. facilities to make it a felevant space today. •% Constructed new sPa￿S for a vestry and Lady Chapel out of redundant or dilapidaled spa¢es. + Built a new 'Coffee Shop. annexe that will seat 60 people at the west end of the church with its own kitchenette to grow our work with the community. We have always seen ourselves very much as a communtty focused church. To that end, we run a variety of support ministries listed in detail below which, including the support we offered through our Mum's and Tors (but not including any fonn of 'Church Service,) w8 have an average weekly attendance of". 46 families with a further 16 at our monthly Craft Morning 84 eklerly people 181 Children and young people. 30 Recoverlng drug and alcohol addicts Our Church building, prior to our current building works. was Inflexib￿ and too cold to use for any activities during the week so all of our actrvities take place in our hall complex. Our ethos for the use of our premises across the week and through the activities listed is that we welcome people of all faiths or none. Whilst some of our activities, Craft Momings for example, are overtly Christian (and yet still attended by families from a variety of faiths and none), many of our actprfities. through which we are simpty seeking to provide intervention8 to enable people to thrive, have no religious input. Our aim is to offer holistic support that contributes to peop￿,$ mental, emotional and physical wellbeing. What we do St. Chad's Church is the 'Town's' church and our main role is the proclamation of the gospel and the furthering of the tenets of the Church of England. We believe that includes living out the heart of Jesus and loving people in non-judgemental and supportive ways. We seek to do a few things, but do them well, and those ministries that we do, relate directly to the needs we see in our neighbourhood. Christian Activities: > Sunday Services: We hold two Sunday morning service5 each week other than Christrnas Day when we gather as a whole church. Our 0900 service follows the Book of Common Prayer (BCP). a liturgically led Servi￿ with robed clergy and a Choir. Our 1045 Servi￿ is more family orientated with a worship band and children's activities at all but the first seNice of the month which is an AIIAge senrfice. > Mid-week Communion.. Either a BCP or Common Worship said servi￿. > We run 'Craft Momings, for families (It is our fomi of 'Messy Church. 21 families at our lasl session and a 'Light Party, for families at Halloween (which had 39 families attending this year). These are overtly'christian, in ethos to which we get people of all faiths and none coming - aimed at 5- 11yrs. Many of Ihe parents stay with their children and the sessions really are 'good family, limes. These are run by volunteers. > Care Home Services: We hold short services at local care homes wtih hymns, a reading. short talk and prayers. > Men's Breakfast.. Led by volunteers, we hokl a monthly breakfast for any man who wishes to come. It involves a bible reading and talk. > Festival Courses.. We lead festival courses such as Lent orAdvent bible studies. > Home Groups: We host several Home Groups. pastoral bible studies where people can get to know each other and God in a relaxed 'Home' environment. > Restored LNes: We host and lead the Holy Trinty Brompton (HTB) drvorce recovery Course. Alpha= On completion of our buildings work we will reinstate our annual Alpha Course. Outside of Christian services we undertake the following outreach ministries across weekdays.. Coffee Shop (sepling between 18 and 26 people each Tuesday curtailed by space). This is a place of relationship building as well as offering nulritious meals at affordable prices. This is our handshake and enables us to get to know regular customers. Customers are invited to ministries we offer on site or they can be signposted to other help locally when that is needed. Our new annexe will enable us to open 4 days a week and treble our capacty. Sparkles, an under 1 year old ministry for struggling parents (typically four or five families at a time, usualty referred to us by the borough). This is relaxed tlme for parents headed up by a retired child speech therapist and a retired NHS Nursing Manager both of whom are volunteers. St Chads pre school. a non- profit-making outreach which is one of our main ministries to the community, was awarded Outstanding by Ofsted in September 2025. We continue to work closety with Barking and Dagenham Earty YearsAdvisory Team. We currently have 7 members of staff - 1 Manager- Kath Childs and 1 Deputy managerlSENCo- Sian Cox. We currentty have 35 funded Children on our register- 9 x 2yr olds 121 x 3yr olds and 5 x 4yr olds. Every 2-year-olds receives £8.92 per hour per session of funding and £5.96 per hour per session for each 314-year-olds. Talia Karlettis continues to support 6 children in our setting who have SEN (Special educational needs) Each child receives additional funding (Top up) for one hour per session. This is a one off annual payment of either- 30 hours per week- enhanced £4,680 or targeted £5,850 or 15hours per week- enhanced £2,340 or tsrgeted £2,925. 4 children receive DAF {DisabiltyAccess Fund) which is a one of payment annually of £910 We also have 16 chiklren who get EYPP (Early Years Pupil Premium) which is termly basis payment were each chilj receives an extra £1.00 per hour that they attend. Sian recentty complete her Level 3 SENCO training. Talia should be completing her Level 3 Early years practitioner training at the end of March 2026. We continue to support families in many ways such as directing them to local food banks, directing them to the local SEND offer and referring families to Early Help and helping families to fill out fom)s such as Disabilty Living Allowan￿ claims. Mature Companions Club (MCC ) is our other main ministry to the local community- for over 50 year olds which does subsidised lunches (simply to cover the cost of food - until recently it was run on a donation basis) and aciivities three times a month with an average attendance of 25 people per session but curtailed by space- there were 38 people who came to our cream tea (held outside) and over 53 at our Christmas Lunch (which we were able to hold in our main hall.) This is a plaGe for relationship building, peer support, sign-postin9 and building a sense ofwellbeing. The activities we offer range from volunteer singers coming in to playing bingo or doing craft activities. It is run solely by volunteers and is headed up by ourAssociate Minister. Again we hope to move this into our newty refurbished church space with its own kitchenette and at least double its capacty. Mum's and Tot's moming which seNed an average of 15 families a week. This was held in a nearby church because of our lack of space - but was closed this Christmas because of a lack of volunteers willing to 'Lead' the ministry-we are hoping to re- establish this group in our newty refurbished church once our building works are completed. We partner wlth Age UK and host 'ChairYoga' once a week and 'Chair Tai Chi, once a week (we attract about 25 people to each session. Age UK have recently asked for a further weekday to be made available to them in 2026 to begin a new cla55. These numbers were limited by space but we have now been able to move the sessions into the refurbished church space and the number of attendees is growing.) The session facilitators are funded by LBBD and we do not charge for the space they use. We also offer space for wellness activities such as Piktes (8 people per session curtailed by space), Karate (up to 40 children and adults) and a Table Tennis club (about 8 people}. Physical activity is a great need in Barking & Dagenham and we seek to provide rt in many forms. These spaces are usually hired out. We host the local Girl Guide and Ranger Groups (which has 16 Rangers and 15 girl guides on their books) with space offered on a donats'on basis. These groups are run by volunteers and help young people build self-confidence and setf-worth as well as teaching lrfe skills. We run a Youth Club on Monday evenings wtth a growing number of 12 young people attending. These are 'open' sessions with no explicit Christian teaching. We offer fun and games and also provide a free'meal, at the end of each session. We do fundraising activiknes to enable us to take the youth out on trips but also partner with 'Stand by Me, a local chartty who run 'February on the ftoor., a homeless awareness event. Last year our youth raised £775 for the homeless in the UK. The youth club is safe space for youngsters to come and relax. It also gives us an opportunity to speak into some of the situations they face. All staff are volunteers. We have successfully applied for National Church SMMIB funding to begin an after-school club and for greater youth provision including a youth group on a Sunday morning. This will also encompass youth mentoring and leadership training. We provide space for our local C.C. Anonymous group (befvieen 20 and 35 people each week).again run on a donation basis. This is a strong group of people suffering from addiction to drugs andlor alcohol. It is a support group in which they each hold each other in accountabilty and provides valuable support for them as they navigate their lives out of addiction. The police hold their'Neighbourhood Watch, meetings in our hall each month. Members of the public can hire our spaces for private fvnctions such as life event celebratlons. In summary, the support we offer includes the following.. The safe, holistic nurture of children l Young people and the support of their parents I carers + Upskilling children and young people + Growing wellbeing and resilience across all age groups Providing healthy living chol￿S + Breaking isolation, particularly amongst the elderly, enabling friendships to flourish. Providing nutritious, affordable meals Providing a safe space Supporting those living in povety Strengthening mental. physical and emotional health and wellbeing Supporting those in addiction PPC Meetings and Membership The Annual Parochial Church Meeting is held every April when the PCC reports its activities and presents its accounts and members are elected 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 Importan￿ 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. The following people served on the Council in 2025. some changin9 after the Annual Meeting.. Rev Canon Martin Court Incumbent and Chair Rev Christine Harding Rev. Deli Adesida Associate Minister Curate (Joined September 2025) Pauline Loomes Church Warden and Secretary Church Warden Deanery Synod Rep (April 2024 - May 2027) Church Warden (April 2024- May 2027) Florence Moka lain Torrence Dora Bowes T￿aSurer (April 2025- May 2028) Bob Crowther Vice Chair {Until December 2025) (April 2023- May 2026) (April 2025- May 2028) (April 2023- May 2026) {April 2024- May 2027) (April 2023- May 2026) {April 2025 - May 2028) Deanery Rep (April 2024- May 2027) Deanery rep (April 2023- May 2026) Deanery Rep {Until De￿mber 2025) Rosanne Baptiste Kathy Baldwin Beryl Duggan Daryl Williams Debbie Karlettis Chi Obi Duncan Simonds Paul Quelch Lucinda Crowther 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 resilien￿ and improve succession. In this way we are less dependent on particular individuals. The followng sub-committees exist to assist the PCC: Senior Leadership Team: This team is both an accountability team for the incumbent but also a sounding board 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 discern where certain aspectslministriesllogistics of the church are and help to plan towards the collective vision of the church. Members of the team bring experience of Banking, Administration. and H.R. managemenl. 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. Due to personal re-location, Bob Crovrther stepped down from this committee al the end of December 2025. Standing Committee.. This is the only commtttee required by law. It has the power to transact the business of the PCC between its meetings, subject to any directions given by the Council. This group consists Martin Court (Chair). Christine Hardin9 (Associate Minister) Bob Crowlher Ivice Chair) Julie Court, R05anne 8aptiste. Bob Crowther stepped down form this committee at the end of December 2025. Leadership Team.. This comprises the people who head up our ministries and activities in the church and those who hold senior leadership posts. 11 meets to discuss church matters and plan towards the futu￿. 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 (Sunday School and Craft Morning Lead), Rosanne Baptiste {H.R. Manager), Christine Harding {Associate Minister), Deli Adesida (Curate) Bob Crowther (Lay Vice Chair of PCC- Stepped down in December 2025), Dora Bowes (Treasurer). Pauline Loomes {Office Manager and PCC secretary), Graham Wallis (Head of Tech Team), Christine Brown (Worship Leader), Kath Childs (Pre-school Manager), Julie Clist (Head of Welcome Team), Beryl Duggen (Calering Manager), lain Torrance (Church Warden) Florence Mocka (Church Warden) Deanery Synod.. Three members of the church sit on the deanery synod - Lucinda Crowther (Stepped down in December 2025 due to relocation) . Paul Quelch, Duncan Simonds and Florence Mocka, and they also attended PCC meetings. This provides the PCC with an important link be￿een the parish and the widerstrudures of the church. Our incumbenl, Marlin Courl, is also the Area Dean and Chair of the Deanery Synod. The Electoral Roll.. Pauline Loomes is our Electoral Roll Officer. At the beginning of the year the electoral roll stood at 130. Limiting Fadors St. Chad's Church is ￿nStraIned in the ministy activty it seeks to achieve by our buildings. We have limited space to provide for the things we know we coukl realistically achieve from our vision. Our buildings are aging and ill-equipped for the twenty-first century and we are currently commÉtted to a large-scale ￿n0vatiOn and re-building of our available spaces (Which is already Unde￿ay) which will help us realise our potential to be much more of a community centre for Chadwell Heath. These plans are coming to fruition and we fully expeGt the building works for the church and the new annexe to be completed by the summer of 2026. This has impacted our regular attendees too. We have seen a reduction in attendance at the start ofthe year until we moved back into the church building on a pemianent basis. Since then our numbers are steadily growing again refiected in our increased giving. Volunteers We would like to thank all the volunteers who work so hard to make our ¢hur¢h the lively and vibrant community it is. This would include {but is not an exhaustive list) people who help with our church services (providing flowers, polishing the vessels. cleaning altar cloths etcl. those who help with our jumble sales and the Christmas market. those who assist with the On￿oing running, Maintenan￿ and refurbishment of our properties, and those who assistwith the many voluntary roles that provide support in our community, including the St Chad's coffee shop (the Sunshine Café) and the Mature Companions Club. Financial revlew The PCC is responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the church, and which ensure that the financial statements comply wrth the Charities Act 1993 and the regulations issued in 1995 and 2000, revised in 2005. This report has been produced according to guidan￿ dated 2006 Issued by the 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 prevention and detection of fraud and other irregularities. Taxation Status.. The PCC is an exempt charity for taxation purposés as a church defined as a place of worship under the Pla￿ of Worship Act 1855. The financial activrties of the PCC are set out in the attached financial statements, but key ilems of note are.. The continued use of the Parish Giving Scheme has benefitted the church with planned giving from within church family members increasing from £76,626 to £82,247, an increase of £5.621. Total voluntary re￿iptS including Gtft Aid was £189,832 albeit £54,390 was received from one off grants and £12,624 from non gift aid donations. Even taking these out of the equation this equalled £122,818 against £115.799 last year With additional income from jumble sales, Xmas market. hall lettings, coffee shop and bank interest received increased our total income (excluding Pre School) to £148,239 Income from the Pre School was £9,000 higher than 2024. Wrth reduced expenditure they generated approximate surplus of £12.000. However, this is distorted as a large balancing payment from the local 8orou9h was received late in the year. In tems of outgoings, we met our Parish Share of £66,776 in full. To put this into perspective our income from planned giving, by standing order and envelope pledges was £82,247. Our core costs of Parish Share and salaries amounted lo £102,435 and so we are heavily reliant on °otherf income to support our ministry. administration. utilty and other costs We received grants from Garfield Weston, the 8enefact Trust and London over the Border totalling £54,000 to be utilised in completing the annexe but the impact of rising costs means we now expect the annexe to be completed by mid-2026. It is essential that our communrty cafe which is anticipated to open 4 days per week plus the possible hiring of the annexe space to communtylbusiness groups will become an additional source of income for St Chads going foThvard Reserves policy It is the PCC'S objective to set aside funds equating to 3 months of unrestricted expenditure which would amount £37,466 and would be held to smooth out flLtctuations in cash flow and to meet emergencies. However, despite increases in giving and gift aid received we are faced with higher costs such as utilty costs, administrative costs, and increased salary costs due to the higher minimum wage rate and employers. national insurance, which has meant it has not been possible to meet this objective. We Continue to be heavily reliant on fund raising aclivities and donations to make ends meet. With the completion of the annexe in mid 2026 we hope to be able to meet review our reserves objectives in late 2026. Approved by the PCC and srgned on their behalf: ev artin Incumbent Date.. ourt Rosanne aptiste Lay Vice Chair. PCC io THE PARISH CHURCH OF ST CHAD CHADWELL HEATH {Charty Registration No: 1150077) INDEPENDENT EXAMINER'S REPORT I report to the trustees of the PCC of St Chad on my examination of thè accounts for the year ended 31 December 2025, which are set out on pages 12 to 20. Res ective res onslbilities of the PCC and the Examlner The charity's truslees are responsible for the preparation of the accounts. The charity's trustees applied for a dispensation from the accounts scnrtiny requirements of section 14412) ol the Charities Act 2011 which was granted under Regulation 34131{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 {0. l am quallfied to undertake the examlnallon by being a member of The Chartered Institute of Management AccountaTts. It is my responsibility to- Examlne the Accounts under section 145 of the 2011 ACL Follow procedures laid down In the general directions glven by tha Charity Commlssloners under section 14515)Ib) of the 2011 Act- and State whether particular matters have come to my attention. Bas1$ of this R My examination was carri8d out in accordance with the General Directions given bythe Charity Commission. An èxamination includes a review of the accounts'ng records kept by the charity and a comparison of th8 accounts pres8nted with those records. It also Includes Gonsideratlon 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 provldg all the evldence Ihat would be requlred In an audlt, and consequently no opinion is given as to whether the accounts present a Irue and fair. view, and the report is limited to those matters sel out in the stst8ment below. mIne￿S t•m•nt In connectlon with my examination. no material matt8rs have Come to my attentlon In connection wlth examination 1. giving me reasonable cause to believe that in any material respect the requirements". to keep accounting records in accordance with Section 130 of the 2011 Act: and to prepare accounts which accord with the accounting records and comply with accounting rèquirements of thè 2011 Act have nol been met: 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 Accounlancy 1 Beech Street Romford Essex RM7 7LA Date.. 11 THE PAASH CHURCH OF STCfrthDECHAlhYELLHEATH CharttyNo: 1150077 STATEMENT OF FINANCIAL ACTIVITIES for tho Year ended 31 December 2025 Flxed Assets DNSgn•¢ed Restrfthd Funts Funds Total Total FuDts 2025 2024 INCOME Voluntary ineome Activrtie5 for generating fvnds Income from investments Church activrti8s Other incoming rescyJrces 121,857 6265 938 1,431 200 67,775 189,832 6,265 1,282 185,715 115,799 6.655 8,2T3 176,138 2.930 2b 344 166,065 2d 18219 TOTAL INCOME EXPENDITURE Church activities Costs of raising funds 130.491 18.419 234.184 383,094 309,795 117,196 52,627 32.102 159.655 361,580 407.193 962 3b TOTAL EXPENDITURE 117.762 52,627 32.102 159.655 362,148 408,155 NET INCOMEIEXPENDITURE 12.729 52,627 13.683 74.529 20.948 98,361 TRANSFER BETWEEN FUNDS 28.032 214,135 46.133 139,970 NET MOVEMENT IN FUNDS 15,303 161.508 59.816 65,441 20,948 98,361 Totsl fvnds bought foThYwds 34,237 1.261.976 70.480 142,253 1,508,946 Totol funds carried f¢*ward 18,934 1.423.484 10,664 76,812 1,529,894 12 TrIE PARISH ¢HURCHoFSTCHAD'S.CHA￿LLHEATH ChaittyNo.' 1150077 BALANCE SHEET as at 31 December 2025 FIXED ASSETS Tarbgible fixed assets 1,423,484 1,261,978 CURRENT ASSETS Debtors and Prepayments Cash at bank and in hand 6.897 104.689 111.586 4,777 245,796 250,574 LIABILTIES Creditors.. an¢)unts falling due within on8 ye¥ 5,176 3,605 NET CURRENT ASSETSI{LIABILITIES) 106,410 246.969 TOTAL ASSETS LESS CURRENT LIABILITES 1,529,894 1.508,945 PARISH FUNDS Unreslricled funds Designated funds 09signated Fixed Assot fijnds R8strict8d funds 18,934 10,664 1,423,484 76,812 34,237 70,480 1,261,976 142,253 1.529,894 1,508,946 Approved by the Parochial Church C￿n(al p*bd signed on its tehalf by Martin Court Chair Date.. 13 THE PARISH CHURCH OF ST CHAD CHADWELL HEATH (Charity Registration No.. 1150077) Notes to the Financial sL￿ements for the year ended 31 December 2024 1. Accounting Policios al Accounting 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 Yrue and fair view" provisions. They have been prepared under FRS102120191 as the applicable 8ccounting standards and the 2019 version of the Ststement of the Ststement of Recommended Practice. Accounting and Reporting by Charrties ISORP{FRS102)). The financial statements have been prepared under the historical cost convention except for investment assets which are shi)wn at markel value. The financial slatements include all transactions, assets and liabilities for which the PCC is responsible by law. They do not include th8 accounts of church groups that ¢)we their affiliation to another b¢Jdy. nor those that are informal gatherings of church members. b) Fund accounting Funds help by the PCC are: Unrostrlcted funds are income funds which are to be spent on the PCC'S general purposes. Restricted funds comprlse {a} income from trusts or endowments which is to be exponded only on the restricted purposes inlended by the donor and Ib} r8v8nue donations or grants for a specific PCC actlvlty Intended by the donor. Any balance remaining unspènt at the end ofthe year Is carrièd fotward as a balance on that fund. Designated funds are general funds set aslde by the PCC for us8 In Ihe ftrtur8. Project funds are deslgnatad for particular projects for administration purposes only. Funds deslgnated as invested In xed assets for Ihe PCC'S own use are abated In line with those assets, annual depreciation chargos In the SOFA DesSgnated funds remaln unrestrfcted, and the PCC wlll move any surplus to othor general funds. ¢) Incomlng R88ourco$ Voluntary Income Collections are recognised when received. Planned giving receiving is recognised only when received. Income tax recoverable on Gift donations is recognised when the income is recognised. Grants and legacies are recognised when the PCC is legally entided to the amount due. Income from Investm8nts Interest entitlements are accounted for as they accrue. All Other Incomè All other income is reccgnised when it is receivable. Gains and Losses on Investments Realised gains are recognised when the investments are sold. Un￿alised gains and losses a￿ accounted for on revaluation on 31 December. dl Resour¢•s Expended Resources expended are accounted for on an accruals basls and are accounted for gross, apart from independent reviewer's remuneration and accountancy and grants and donations whlch are accounted for when paid over, or when rewarded where the award creates a binding obllgaled on thè pcc. 14 THE PARISH CHURCH OF ST CHAD CHADWELL HEATH (Charity Registration No: 115CK177) 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) liability and is shown as a creditor in the balance sheet ol Fixed Assets Consecratedand benefi¢e properfy. in so far as consecra18d and benefioe propety of any kind 18 excluded from the statutory definibon of 'charty' by Section 10(21(a) and (c) of the Charities Act 2011 such assets are not capitslised in the financial ststements. Moveable church furnlshings, held by the Vlcar and Churchwardens on special trust for the PCC and which require a facuty for disposal. arè accounted as inalienable propety Ljnless consecrated. They are listed in the church's inventory which can be inspected (at a reasonable time). For Inalienable property acquired prior to 2000 there is insufficienl cost information availabl8 and therefore. such assets are not valued in the accounts. Items acquired slnce 1 st Jankjary 2000 have been capitalised and depreciated on a straight-line basis in the accounts over their currently antlclpated useful economic life. Othèr Bulldlngs, properties are Included In the accounts at valuatlon. The PCC reviews the valuation annualty, and any permanent impairment in value is transferred to the SOFA. No depreciatlon is charged on these bulldings as. In thg view of th8 PCC. the estimated useful life is so long that any charge would be immaterial. otherAssets. Equipment used within the church premises wth a purchase price exceedlng £1,000 is capitalised. Indivldual items of equipment with a purchase prlce of £1,000 or less are written off when the asset is acquired. Depreclatlon. Depreciatlon Is provided at the followlng rates to wrlte off fixed assets over their useful lives. In addldon. an annual impairment revlew Is carried out, and where approprlat8 the carryin9 value of an asset is reduced to the higher of net realisablo valuè and recoverabl8 value through continued use. Church fijrnlshings Furnlture, flttlngs and off￿6 equlpment Q Current Assets Amounts owlng lo thè PCC as at 31 D8cember In respect of fees, rents or other Income are shown as debtors less provislon for amounts that may prove uncollectible. Short-term deposits Include cash held on deposit either the CBF Church of England Funds, or at the ban 5% stralght Ilne, 20 years 33% stralght Iln8, 3 years gl Golng Con¢•rn The church is able to pay Ilabilities as they fall due. has no slgnffjoant contingent liabilities or post balance sheel events that would contradlct this ￿eW and has sufficient reserves to continue to operate for at least 12 months from thé slgnature date of these acwunts. 15 IHE PAWSH CHURCH OFSTCH4ry& CHAOWELLHEATH CharityNo'. 11511177 2. INCOME Total Total Funds Funds Funds 2025 2024 . Voluntaryincome Planned giving - bank Hanned oiving- enveh)pes Other planned giving Loose plate collEdions Gift aid yellow enveb)p8s One off grft 8id g￿5 Non gift aid donalions Gift aid recovered Gift aid Small donations Recurring gr￿ts Non-r￿￿TrIng orfroff grants Donations- refurblshmenl gmnu Donalion5- youth Olhar funds general 81.752 81,752 495 74,927 1,699 9,174 9,174 640 1,822 19,449 19,413 2,498 7,858 778 817 9,253 17,894 1,821 1.260 8,625 19.413 562 12,824 54,390 54,390 200 735 217 121.857 200 67,775 189,832 b. A¢livitie$ lorgeneYalin9 lunds Rummage Sa￿5, raffies, elc 6,?65 6,265 6,655 6.655 6,265 . Income fmm inv•stmerts Bank and buildin9 so(iety inlwest 938 344 1,282 1,282 8,273 8.273 d. Inconm Imm charftabl• •¢llvlll•s Pre School receipts PCC lees induding for weddings, lumra Memorlal gardw plots Churth hall lettir New beginnings spar￿e$ Mature companlons dub Table tennls Coll88 shop 166.065 166,065 720 711 14,$32 157,350 711 14,532 15,249 176 110 118 227 3.342 18.219 227 3,342 185,715 206 3,047 176,138 166,065 •, Olherlncomino resourc•s Insurance ¢lairn5 2.930 2.930 130.491 18.419 234.184 383,094 309,795 Planned gi￿￿9. coll￿tionS and ￿milar donations are reGogni5ed when recEived. Tax rgfvnds are recognised when the Incoming resource to vA)Ich they relate is recetved. Grants 8nd18gacie5 are accounted for when the PCC Is entitled lo sè oflhe rgsourcos. th8ir uttimate receiNs 1$ considered reason8tAy certsin and the amounts due are mllably quantifiable. AJI incoming resources are Occount￿ fty gross. 16 THE PARISH CHURCHOFsfcHADE.CFi4DWELLHEATH ciwny No: 1151))77 3. EXPENDITURE Fts•d Ass•ts D•*gffiit￿ Resfrf¢ted Funds Funds F￿dS Total 2025 Total Fund5 2024 . Church activld Relief and DÈ¥elopment Agenaes Missionary and charitable giving Ev8ngelism Slafl Training Diocesan parish shèrè Clergy and staff expertses Pre SctrKJol salarigs Pre School other gxpendliui• Salaries and ￿nsI¢￿ co$ls Adminislralion Sofiware & Licences Parish office telep￿}￿ & broaLtJand Publications INtepe￿I6nl Examln8tion Accountancy & Payroll Costs Bank charggs & &JmUp186s Youih Cofftio Shop Now beuinnings Spafkles Mature companions club Table tennis Church insurancg Church upkeep of serv Church supplies Church ulililies Church mainlenante and repairs Church hall key holdtr foes Church hall Insurance Church hall SUppl￿S Church hall uts"lilies Church hall mainlellanco and iepai New Building Expendrture Depreoalion 168 214 221 15 120 66,776 221 15 120 66,776 106 67,2(10 140,601 14,031 140,601 14,031 35,659 9,047 3,342 1,736 269 1,090 1,350 216 970 1,233 157,164 27,313 29,708 5,786 2,483 1.337 10 350 450 295 780 1,462 21,055 9,047 2.118 1.736 269 1,09) 1,39) 216 14.604 1.224 970 1.233 88 737 76 256 14 2,575 917 845 3,685.00 15.364 2,155 2,1?4 816 10,031 335 28,814 44,560 È107,193 737 2.695 2,695 884 1,146 8,249 209 340 2,223 894 8,773 1,234 4,805 52,627 361,580 8,249 2,223 894 8,773 1,234 2,713 52,627 52,627 117,196 32,102 159,655 b. ¢o$ts of rni5ing lunds Costs ol leles & other evgnls 566 566 117,762 52,627 32.102 159,655 362,146 408.155 The wmparative deprecation figure for 2024 has been restaled to rellect a ¢orrection to th8 prior year cumulative deprecation figure. The comparative church maintenance and repairs figure has been restatod to reflect a correction for spend that had been treated as capital and now irtlLKl&J as r8vgnue spend. 17 IHE PARISHCHURCHOF STCHAD'S, CHADWELLHEATH ChaityNo 1150077 4. STAFF COSTS AND RELATED PAKfiES •. Staff ¢Mts Jnd numbers 2024 179,329 4,167 3.486 186,982 Wages arKJ s4vs Social se¢x PensM 169 2.897 3.859 176.334 Average n￿lI￿r of emthees 15 15 The Social security cosis for 2024 have t*en resiatgd to relknt the Emptym8nt Altrthance daimed. During the yèar tha PCC employed a church administrator, a hall ￿ttIngS managor, a hall cl8anar and a pgrson in the Ca￿CrtY of k8yholder vtho re5ponwblg for unloc￿n9 and ILKkiTra up of the church hall events were b•'ng held. The PCC also employed several staff membors to work in the Pre School. Thère were ￿ empbyee benefits pakl to perwrw In the pre￿￿ or ￿ffeftt years. No ern￿oYal was paKI more than £￿,c b. R•lat•d partl•s' tnffuctSons. Tali8 KartettB w￿) is emrAoyed by the PCC ts relat8d to a member of the PCC. Pauline Loomes. the parish administrator and Debb￿ Karlotti8 tho ho11 lettlngs m8nager are members of the PCC, neither are p8id for belng m8mbers of Ihe PCC. The total sala￿$ figure showm In Ihe accounts includes amounts payable lo Ihern for duti8s in accwdance With their t•rrns of ern￿OyMent. M¥aSu￿ are in ￿8c8 to &nsur• Ihut no conflicts of inter8St 0ri88. The stipendiary Clergy wère reimbur5￿ for working OXWStt. it 15 Co￿ld￿ed that no malwi81 part ofthis relates to th•ir dube$ as trusteos. Oonations from related parties am¢)unl¥d lo 8 lotal ot£21,71& gNgn for general purposes. worK and the refurbishm•nt of the chur(*. 18 TrIE PAR15HCHURCH OFsfcHAtY&CHAtl•VELLHEAIH Ch￿N￿lIS(l)71 5. TANGIBLE FIXED ASSETS ChMt¢bAnMx Chmtth H411 Yotal ActuaVde•mtrd ¢ost At 1 January 2025 Disposals Additions At 31 D￿ember 2025 485,OTrJ 1,323,398 214.135 1.052.534 214.135 1.537,534 4MS.000 O•pf•¢laUon At 1 January 2025 Wrthdrawn on disposals Charge for the year At 31 December 2025 61.422 61,422 52,627 114,049 $2,627 114,049 N•t book amounts At 31 DKembw 2025 938,485 485,000 1.423,485 At 31 D￿eMb￿ 2024 776.978 485,000 1.261,976 The freehold land and buthJirrfJ$ compriBe8 of the Chvrth H811 and Church Annex. Th¥r$ is no record olthe historical cost of th? Church hall., thls has baÉn Induded at a fair value bas•d on two separate valuations sought by the PCC In 2020. Th8 2024 cost figure has been rvststed to refiect a corrnetion to thg prior year fi9ur85 for g expgnditur8 that was not capital In natura. Thi$ ha8 boon relloctsd in tho ¢n¢om¢ and expendiiure Ceffipari￿n figures in bou) thè SOFA and thg expenditure note 3. Thg bought foM4rd Cumula1￿ dewttation figure h83 been am•nd8d to a prior year und8rcharg• to deprecation. 6. CURRENT ASSETS 2024 Tax roCOV8r8bLg Pmpaymenls & 1cCn￿ ine Other debtors 1.734 5,163 1,117 3,660 6,897 4,777 7.CURRENT LIABILITES 202$ 2024 Accruals & deferr￿ i1￿)￿ Agency Other credrtors 4,574 603 2,655 950 5,176 3.605 19 THE PAJUSHCHVRCH OFSTCFiAD'5. CHADWELLHEAIH CharttyNo." lfj(￿)7I 8. FUNDS MOVEMENTS Bal fffwd IK•Mo Expendts￿ Trarthrs 0110112024 Othergalns & loss Bal Ellvtl 2111V2024 UNRESTRICTED FUNDS PCC General fund 34.23T 34.237 130.491 130.491 11T,762 117.762 28,032 28.032 18,934 18.934 DESIGNATED FUNDS Allred Brainard Chair Fund Coffee Shop alls Martin Court's 6Clh Mature Companlon5 Club New Beglnnln9S Ray Childs Refurblshment Sparkles 3,816 3.342 14,759 1,233 28,(*7 s,￿5 13.308 575 575 201 2.531 201 2.531 530 59.179 2,713 89 32,102 13? 70.480 18,419 RESTRICTED FUNDS City ol London London over Ihe Border Matur8 Companions Club New ann8X8 8quiw8nt Pré Sch¢Jol RebJrbi$hment New annex• bumd Sporkles Youth 541 541 10,000 2,421 12,000 36,276 95 12,526 727 2,226 76.812 10,L￿7 39) 12,1 166.888 2CK) 2,769 23,619 29,047 82,916 727 ?,634 142,253 154,631 2,092 1,224 800 27,060 113,510 562 234,184 970 159,655 139,970 TOTAL fund••x¢ludlng Ilx•d fvnd# 246,970 214 135 108410 DESIGNATED FIXED ASSET FUNDS Church Annex Church Hall 776,976 485,0 1.261,976 52.627 214,135 938,484 485,000 1,423,484 52,627 214 135 TOTAL Includlng fIX￿ ¥H•t funds 1.508,946 383,094 The capltsllsed Spend relatlng to the church annexe has been translerred from the new annexe bulld fund to 8 deslgnated fixe