ANNUAL REPORT AND FINANCIAL ## STATEMENTS ## **Responsibilities of the Parochial Church Council** The Parochial Church Council (“The Council”) is required to prepare financial statements for each financial year that give a true and fair view of the state of affairs of the Parish as at the end of the financial year and of its income and expenditure for that period. The Council confirms that suitable accounting policies have been used and applied consistently, and reasonable and prudent judgments and estimates have been made in the preparation of the financial statements for the year ended 31 December 2021. The Council also confirms that applicable accounting standards have been followed and that the financial statements have been prepared on the going concern basis. The Council is responsible for keeping proper accounting records, for taking reasonable steps to safeguard the assets of the Parish and to prevent and detect fraud and other irregularities. By Order of the Council Reverend Janet Buchan Vicar and PCC Chair John G Hill Treasurer 7[th] May 2022 1 ANNUAL REPORT AND FINANCIAL STATEMENTS ## **Index** |Safeguarding|3|| |---|---|---| |Membership of the Parochial Church Council||4| |Committee Membership||5| |Electoral Roll Report|5|| |Report on Activities:||| |Parochial Church Council||6| |Community Centre Committee||6| |Entertainments and Fundraising Committee||7| |Worship|7|| |Music|8|| |Church Rotas|8|| |Deanery Synod|9|| |Far East Redbridge Mission and Ministry Unit (FERM)||9| |Goodmayes Fellowship of Churches|9|| |Social and Outreach Activities|9|| |Young People||| |School Contacts|10|| |Messy Church|10|| |Youth Group||10| |Sunday Squad|10|| |Report on Fabric, Goods and Ornaments|11|| |Charitable Giving|12|| |The Flower Guild|12|| |The Parish Magazine|13|| |Conclusion|13|| |**Finance**||| |Independent Examiner’s Report||14| |Statement of Financial Activities||15| |Balance Sheet as at 31 December 2021||16| |Notes to the Financial Statements|17|| |Income and Expenditure Accounts||| |General Fund Income|25|| |General Fund Expenditure||26| |Assistant Clergy Fund|27|| |Organ Fund|28|| |Restoration Fund|29|| |St Paul’s Community Centre Fund Income|30|| |St Paul’s Community Centre Fund Expenditure||31| |Flower Fund||32| 2 ANNUAL REPORT AND FINANCIAL STATEMENTS ## **Safeguarding Statement and Report 2022** The care and protection of children, young people and vulnerable adults involved in Church activities is the responsibility of the whole Church. St Paul’s continues to promote a safe environment for all, following the protocols established by the PCC in previous years and building good safeguarding practice into our work with children, young people and vulnerable adults. If there are any concerns, you should speak to Kim Bownas or Rev’d Janet immediately. If you feel someone is in immediate danger, you should call the Police or the local Social Services Duty Team. There were no safeguarding concerns reported at St Paul’s in 2021 to 2022. New members of the PCC completed their foundation level Safeguarding training online and those who have already completed safeguarding training are refreshing their training from January 2022. Members of the Hospitality Team had a short, basic introduction to safeguarding after the Sunday service. DBS checks are also in the process of being renewed for relevant members of the congregation. Kim Bownas, Parish Safeguarding Representative 3 ANNUAL REPORT AND FINANCIAL STATEMENTS ## **Council of the Parish of Goodmayes St Paul** ## _Background_ The Parish of Goodmayes St Paul is part of the Deanery of Redbridge in the Barking Area of the Diocese of Chelmsford. The Parochial Church Council (PCC) is responsible for co-operating with the Vicar, The Reverend Janet Buchan, in promoting in the ecclesiastical parish the whole mission of the Church: pastoral, evangelistic, social and ecumenical. It is also responsible for the maintenance of the Church building and the Community Centre. ## _Membership_ Members of the PCC are either _ex officio_ or elected by the Annual Parochial Church Meeting in accordance with the Church Representation Rules. During this financial year, and up until the production of the Annual Accounts, the following served as members of the PCC: _**January-March 2021 March-December 2021**_ Vicar & Chair The Rev’d Janet Buchan The Rev’d Janet Buchan Churchwardens Mr Lawrence Asea Mr Lawrence Asea Mrs Judith Halls Mrs Judith Halls Vice Chair Mrs Judith Halls Mrs Judith Halls Secretary Mrs Val Thompson Mrs Val Thompson Electoral Roll Officer Mr Lawrence Asea Ms Sharon Samuels Treasurer Mr John Hill Mr John Hill Deanery Synod Dr Gweneth Nneji Dr Gweneth Nneji Reps Mrs Helen Williams Mrs Helen Williams Elected Members Dr Kim Bownas Dr Kim Bownas Mr John Hill Mr Robert Halls Mrs Wendy Hill Mr John Hill Ms Princess Onyeukwu Mrs Wendy Hill Ms Sharon Samuels Ms Princess Onyeukwu Ms Debbie Tempro-Vallance Mrs Sheila Ramasamy Mrs Val Thompson Ms Sharon Samuels 4 ANNUAL REPORT AND FINANCIAL STATEMENTS Mrs Val Thompson Mr Lenford Tulloch Mr Lenford Tulloch ## **Committees** ## **Standing Committee** The PCC has a Standing Committee as required by law. It meets when necessary between PCC meetings. It has the power to transact the business of the PCC, subject to any directions given by the PCC. The membership consists of: the Vicar (chair), the Churchwardens, the Treasurer, the PCC Secretary, Gwen Nneji and Sharon Samuels. ## **Community Centre Committee** This committee oversees the administration, cleaning and maintenance of the fabric of the Community Centre. The Committee also sets hire fees, proposes conditions of hire (to be ratified by the PCC) and manages the finances. The membership consists of: Judy Halls (chair), Lawrence Asea, John Hill, Gwen Nneji and the Vicar. The Entertainment and Fundraising Committee and the Nurture and Outreach Group did not meet during 2021 and need to be re-thought. ## **Report on the Electoral Roll of the Parish** As required by the Church Representation Rules (2020), the Electoral Roll has been revised in preparation for the 2022 Annual Parochial Church Meeting and is available to view on the interior notice board opposite the normal entrance to the church. It is made up as follows:- |Males-living within the Parish||11| |---|---|---| |Males-living outside the Parish||7| |Females-living within the Parish||25| |Females-living outside the Parish|17|| ||---------|| |Total|60|| ||=====|| This is three less than the number reported at last year’s Annual Parochial Church Meeting. One member died during the year and three moved out of the area. New members are added to the Roll as they become eligible and one joined the church during the year. Sharon Samuels, Electoral Roll Officer 5 ANNUAL REPORT AND FINANCIAL STATEMENTS ## ST PAUL`S CHURCH GOODMAYES **A Report on the Activities of the PCC and the Parish** ## **Parochial Church Council** The first meeting of the PCC in 2021 was held in January and the subsequent meetings of February, March, May, June, July, October and November were all held on Zoom; however a special meeting was held in church in April to discuss the lighting and sound systems. The Community Centre Committee met between the full PCC meetings and an account of their deliberations were received by the full PCC and discussed where necessary before decisions were made. The extensive refurbishment of our church occupied much time in all of the PCC meetings of the year. In March we signed off the accounts. In May we discussed the PCC away day. In June we focused on worship provision identified following our away day. In July the purchase of new chairs for the church was approved and we hoped to be able to start on the electrics and lighting soon. Safeguarding provision continues to be under review as we reaffirm our commitment to follow the Church of England’s Safeguarding Document. In October more discussion took place about the roadmap out of lockdown, along with planning for Christmas worship, Patronal Festival and Lent course. In November our charitable giving was discussed as well as the issue of church fencing and security. All of the meetings have been well attended by members of the PCC who give their time reading much paperwork prior to the meeting where issues are discussed and decisions made. The PCC secretary and chairman thank the elected officers and all involved for their support and co-operation. Val Thompson, Secretary ## **The Community Centre Committee** The Centre is the primary source of the PCC’s annual income and has had another challenging year. During the first 7 months of 2021 the Centre was only used by Barleymont Pre-School (the largest client), the weekday evenings’ small Community Groups and Saturdays’ private parties and social events were suspended due to the Coronavirus pandemic. Lettings continued to be administered by Judy Halls, Chair of the Community Centre Committee. A reduced rent was agreed for Barleymont for the months up to August, due to the challenges to their finances. They returned to paying full rent from September 2021 as their numbers gradually increased and the new academic year started. Their Breakfast Club and Afterschool Club returned in September 2021. 6 ANNUAL REPORT AND FINANCIAL STATEMENTS The Community Groups restarted in July 2021 after Covid restrictions. Private parties, with reduced capacity, restarted in September 2021. There were few lettings as people readjusted as Covid restrictions were lifted. It is hoped that the Centre will be used by the wider community of Goodmayes and beyond when restrictions of the pandemic are fully lifted and confidence returns. Judy Halls, Committee Chair ## **Entertainments and Fundraising** The Committee did not meet during 2021 due to COVID-19 restrictions and our limited opportunities for fundraising. It no longer has a Chair. We were able to hold a **Mini Autumn Fayre** on 16[th] October, which was well-appreciated by some of our regular bazaar visitors. The **Bonus Ball** scheme, organised by Wendy Hill, which runs throughout the year, became our most successful fund-raiser, producing around £858. ## **Worship** Worship was again disrupted during 2021 due to the pandemic. We continued our Sunday services on Zoom until Palm Sunday, when just over half of the congregation returned to Church, with others continuing to connect on Zoom. Since then, numbers physically present in Church have slowly increased, with only a small number continuing with Zoom, for a range of reasons. The service order and notice sheet are sent out electronically every week. We continued with weekday Zoom worship, having now settled into a pattern of Morning Prayer on Tuesdays, Wednesdays and Thursdays and Night Prayer on Tuesdays and Thursdays. Morning Prayer is attended by a regular small group, who share the leadership. Night Prayer is attended by 10-15 people, with many actively contributing by leading, reading the psalms or leading intercessions. We are grateful to Rob Halls for regularly supplying the music, which enhances our worship. Janet Buchan, Vicar ## **Music** The formal singing of the responsorial psalm at the Sunday Eucharist, a weekly occurrence prior to the pandemic, was re-introduced during 2021 when hymn singing was cautiously re-started, restricted to one Sunday each month. With June Capel now confined to home, the remaining choristers, Wendy Hill, Francesca Nwanna, Princess Onyeukwu and Helen Williams were glad to welcome back Rob Halls who divided his time with overseeing Zoom transmission of the services. John Hill, Organist and Choirmaster ## **Church Rotas** 7 ANNUAL REPORT AND FINANCIAL ## STATEMENTS We express our gratitude to all the volunteers on various rotas for the work they do in supporting our worship and community life at St Paul’s Church. People continue to serve as sidespersons and hospitality providers, as well as contributing to our worship by reading and leading intercessions. Weekday services of Morning Prayer and Night Prayer on Zoom continue to offer opportunity for more church members to lead, read and lead intercessions, which is very welcome, bringing a greater sense of inclusion and adding variety to the worship. The Churchwardens and the Vicar remain very grateful to Gwen Nneji for continuing to co-ordinate the volunteers’ rotas. ## **Deanery Synod** The Synod met four times in 2021, with the January and May meetings being held on Zoom, while the September and November meetings were held in-person with an option to “listen in” on Zoom, although remote full participation was difficult due to limited technology. There were regular reports and updates on activities in the Deanery and the Diocese. The January meeting included a presentation from Fr Martyn Hawkes, Area Dean, on the material provided by the Diocese. “Generous God, Generous Disciples” to encourage parishes to run stewardship campaigns, focusing on the principle that good stewardship, in good times and in bad, is part of our Christian calling. At the May meeting members participated in online polls to create a picture of how churches were faring as we began to emerge from the pandemic. The overall picture was one of continuing flux, with numbers attending and financial giving being below pre-pandemic levels. The September meeting included an update from Fr Gareth Jones, Diocesan Lead on Refugees and a presentation by The Rev’d James Gilder, Diocesan Environment Officer, encouraging us all to prioritise care of the environment in response to the climate crisis. At the November meeting, the Rev’d Chris Wragg gave a presentation on the Church of England initiative “Living in Love and Faith” – a project inviting the whole church to participate in a conversation re our response to issues of identity, sexuality, relationships and marriage. ## **Far East Redbridge Mission and Ministry Unit (FERM)** St Paul’s Goodmayes is part of a “Mission and Ministry Unit” with the adjacent Anglican parishes of St John’s, Seven Kings, St Peter’s, Aldborough Hatch and All Saints’, Goodmayes. St John’s and St Peter’s combined to become the Aldborough Benefice at the end of 2021, with The Rev’d Kate Lovesey as Rector. The name “FERM” derives from our geographical location on the eastern boundary of the Redbridge Deanery. Opportunities for collaboration continued to be limited by the disruption caused by Covid-19. A joint Eucharist with All Saints’ Goodmayes was held 8 ANNUAL REPORT AND FINANCIAL ## STATEMENTS at All Saints in November. We hope that we will be able to progress working together in 2022. ## **Goodmayes Fellowship of Churches** The Goodmayes Fellowship of Churches is an ecumenical group of Christian Churches in the Goodmayes area: All Saints, Goodmayes, Goodmayes Baptist Church, Goodmayes Methodist Church, St Cedd’s Roman Catholic Church and St Paul’s. Sadly, our usual joint activities could not take place due to the pandemic. Lent Lunches resumed in 2022, with hopes for further collaboration. ## ST PAUL`S CHURCH GOODMAYES **Social and Outreach Activities** Our social and outreach activities continued to be curtailed by COVID-19. The monthly “Sunday Afternoon Tea and Cake” on Zoom was discontinued once people began to return to church. Post-service refreshments were not offered for most of the year but resumed in September. Drop-In sessions for residents of Atholl Court were resumed in May and continue with a small attendance. Our visits to local Care Homes and to Goodmayes Hospital have still not resumed. Our ‘English for Women’ group remained suspended in 2021, re-starting in March 2022 supported by a number of local residents as volunteers, as well as members of the Church. Rev’d Janet continues as Chair of the Seven Kings Community Policing Neighbourhood Ward Panel. Meetings during 2021 were held online and provide a forum for liaison between the police and local residents. Janet also instigated an informal litter picking group during 2021, with attention focusing on Westwood Recreation Ground, the southern half of the grounds of Goodmayes Hospital and Seven Kings Park. This has created opportunities to meet local residents, as well as contributing to improving our local environment. ## **Young People** ## **School Contacts** Sadly, visits from local school children and visits to schools were not possible for most of the year due to the pandemic. However, we were delighted to receive a visit from Year 5 children from Barley Lane School in December, when they were able, in two groups of 60 children, to explore the building, ask questions, hear about Christian worship and try on some of our vestments. We hope that this will be repeated in 2022. Plans are in 9 ANNUAL REPORT AND FINANCIAL ## STATEMENTS place for Rev’d Janet to visit Barley Lane School in March to teach sessions on baptism to Year 1 children, and we hope to pick up the possibility of bringing some of the Key Stage 2 children together with older members of our community. ## **Messy Church** Messy Church is a way of being church for families that includes: craft and other fun activities, child-friendly worship and sharing a simple meal together. Sessions encourage adults and children to work and worship together. They provide a good opportunity to introduce people to the Christian faith, especially those who are unfamiliar with Church, or may fear that their children will not cope with it. At the beginning of 2021 we were unable to meet in person due to the pandemic. We combined with Sunday Squad to run sessions on Zoom in the early part of the year. From July we started to meet in the church building, using a different pattern of activities in order to minimise multiple touching of equipment and have reestablished contact with a small number of families who are not part of our Sunday morning congregation. . 10 ANNUAL REPORT AND FINANCIAL STATEMENTS ## ST PAUL`S CHURCH GOODMAYE ## **Youth Group** St Paul’s seeks to be a place where young people feel accepted and among friends, helping them to develop as whole people and enabling them to know themselves, to know God and to grow as Christians. Our plans to explore joint working with our Mission and Ministry Unit Churches to develop provision for young people have not been possible due to the COVID-19 pandemic. We hope to pick this up as soon as we are able to meet again. ## **Sunday Squad** Due to the restrictions caused by Covid-19, Sunday Squad was suspended from March 2020 onward. Contact has been maintained with the children and families by sending out weekly resources by email provided by the “Roots” organisation. These focus on the gospel readings for each week and encompass a arrange of activities. The children have continued to participate in Sunday Services, particularly in the monthly All-Age Service, through taking part in the readings, intercessions and other aspects of worship. Some members also took part in raising money for Christian Aid by completing local walks and bike rides, with Zoe, Anastasia and Kyron (and Michelle) walking over nine miles around local parks. Sunday Squad joined forces with Messy Church in October to provide a monthly afternoon online session, attended by a small number of families. We hope to be back to meeting face-to-face soon! Kim Bownas, Sunday Squad Leader ## **Report on Fabric, Goods and Ornaments** A Quinquennial Inspection was undertaken in 2021. The PCC hopes to address all items identified as Priority A or Priority A(H) during 2022 and plans are in progress as outlined below. ## **The following work has been completed:** - The reordering of the Baptistry area to provide cupboards has been completed. Cupboards on the north side are to be used to store some of the equipment currently stored in the vestries. The cupboard to the south side is for storage of 3 dollies each holding 25 stacking chairs. - Electrical wiring – Extensive electrical work was completed during October 2021. This included: a new sub-main under the floor across the church; the upgrading of the pendant lights in the main body of the church; the installation of power sockets around the church including in the Sanctuary area and on the two front pillars of the nave; upgrading of light switching; changing all of the lights to LED bulbs. 11 ANNUAL REPORT AND FINANCIAL ## STATEMENTS ## ST PAUL`S CHURCH GOODMAYES - The floor was refurbished in November/December 2021. This included the floor being sanded back to bare wood and coated with 5 layers of lacquer, resulting in a greatly improved, and lighter appearance. A significant number of blocks were repaired or replaced where there had been damage, so eliminating trip hazards. - The swelling of the floor at the east end of the north aisle, which has been included in the architect’s Quinquennial Reports for some time (Quinquennial 2021 Recommendation Priority A, Paragraph 4.6.7) has been resolved in the floor refurbishment. - The old chairs in the main body of the church were sold to Antique Church Furnishings in September 2021. One hundred new stacking chairs were purchased in September and 125 new chairs for the main body of the church, to match those in the Lady Chapel, were ordered and delivered at the end of the year. - The hearing loop has been replaced. ## **Planned future work** - The PCC remains committed to the refurbishment of the meeting room and vestries, including the installation of a fully accessible toilet (Quinquennial Recommendation 2021 Priority A(F) 2.7), a single toilet and a small kitchenette. This work could not be carried out until the cupboards in the baptistery had been built. We hope to make progress in 2022. - The provision of removable ramps for access to church (Quinquennial Recommendation A(F) 2.7) - Repair of small panes of glass in a number of windows (including those mentioned in Quinquennial Recommendations A 4.3.4 and 4.4.3). - The refixing of loose tiles in the choir sanctuary (Quinquennial Recommendation B 4.5.7). - We also plan to upgrade our audio system, which is now extremely limited and not functioning well. A satisfactory quote has been received and we are waiting for demonstration equipment to become available. Other items identified in the 2021 Quinquennial Report (defined as priority A or B) will also need to be addressed, these include: - Repair of flashing to east gable, south slope A [3.1.4] - Repair of hood mould to Baptistery window A/B [3.4.8] - Replace rusting wire guards (window to the east gable of the chancel) B [3.4.12] - Refix loose tiles in choir Sanctuary, B [4.5.7] 12 ANNUAL REPORT AND FINANCIAL ## STATEMENTS The Churchwardens recommend that the PCC considers these repairs in the next cycle of planned work. Judy Halls & Lawrence Asea, Churchwardens ST PAUL`S CHURCH GOODMAYES ## **Charitable Giving** During the year the following charitable donations were made from PCC funds: |funds:||| |---|---|---| |The United Society Partners in the Gospel (USPG)||£600| |The River House Trust|£300|| |The Prison Fellowship|£300|| |The Friends of Essex Churches Trust|£300|| |Crisis|£300|| |The Church Army|£250|| |Disasters Emergency Committee: India Covid Appeal||£250| |Disasters Emergency Committee: Afghan Famine Appeal||£250| |Malachi Place|£200|| |Refugee Welcome Dagenham (St Mary’s Ilford)|£200|| |TOTAL:|**£2,950**|| £200 of the gift to the DEC’s India Covid Appeal was carried forward from 2020. In addition, the parish raised £390 for the purchase of Christmas boxes for residents of Atholl Court and Grove Farm, the surplus from which will be used to fund the Thursday afternoon drop-in. Previously, £730 was given at the Harvest Thanksgiving and sent to the Redbridge Food Bank. John Hill, Treasurer ## **The Flower Guild** The Guild has continued to enhance the worship of all church services with beautiful floral displays throughout the year. The members of the St Paul’s Flower Guild are, as last year, June Capel, Judy Halls, Wendy Hill, Lorna Hunte, Linda Weaver and Val Thompson. The number of flower arrangements has been reduced during the pandemic, so members have not been called upon as frequently. Once things return to normal, all members will be called back into action. I would like to thank the Flower Guild for their continued work and also those who give so generously towards the cost of the flowers. Wendy Hill ## **The Parish Magazine** The Parish Magazine continues to be printed on the new copier in the church, which both prints and staples. This is convenient and “greener” because it cuts out two return trips to Chelmsford a month to the Diocesan Office where it used to be printed. Eighty-five copies are produced each month and I am grateful to Judy and Rev. Janet in helping with the distribution to everyone on the electoral roll, as well as to those who 13 ANNUAL REPORT AND FINANCIAL ## STATEMENTS normally subscribe. Now that most parishioners are back in church and can collect their own magazine, deliveries have been reduced. Around five copies are posted to readers outside the parish. Most of our local FERMMU and Goodmayes Fellowship Churches receive a copy, as does the Goodmayes library. The sale price of the magazine remains the same, at 50p. The magazine is part-funded by advertisements from local businesses to whom we are most grateful. Wendy Hill, Editor ## **Conclusion** Last year I wrote that 2021 would be another challenging year and this has proved to be true. So much of our activity continued to be restricted. Confidence in the safety of interacting with others has varied hugely. There has been continuing uncertainty as to whether plans, once made, would again be disrupted; all of which led to an unsettling year. However, there has also been progress. Our worship has evolved, taking into account the new realities. With appropriate safeguards in place, we returned to in-person worship in Church on Palm Sunday, so allowing the congregation to receive the Sacrament, in one kind only, for the first time for many months. This has been hugely important for many. At the same time we have retained the option to connect on Zoom for those who feel that this is a safer option. It has also enabled those who are unwell or too frail to attend in person to continue to be part of our community. This was particularly valued by our dear friend, Hector McKoy, a former churchwarden and member of the congregation over many years, who died at the venerable age of 92 in January of this year. We continue to miss his faithful presence with us, while recognising that he is now united with his Lord, and with his beloved wife. We give thanks for his life. Significant progress has been made in the upgrading of our church building, with new storage, chairs, lighting and electric sockets, and the refurbishing of the floor. The church now feels much brighter and is also more usable for social and outreach activities. We hope to make further progress this year. At our PCC Day in May, we agreed that we needed urgently to explore how to reduce our environmental impact. So far: we have commissioned an Energy Audit with a view to reducing our energy usage where we can; we have agreed that, wherever possible, the products we use should be environmentally friendly, biodegradable, recyclable, and fair trade; we have switched to LED lighting; and are continuing to raise awareness of this most important issue. I would ask that all members of our church community join us in doing all we can to care for our planet as part of our Christian discipleship. As we continue to move forward from the pandemic, it is important that we all bear in mind that we cannot simply to return to “how it was before”. God always calls us on to new things. We need to be open to embrace the 14 ## ANNUAL REPORT AND FINANCIAL ## STATEMENTS changes and challenges – and the joys – of the present and the future, as well as valuing all that was good in our past. Our PCC Day began to open up some areas of our life together and there is more to be done, particularly in how we best serve our young people and enable them to lead us forward into the future that will be theirs more than ours. We rejoice in their participation with us in the life of the church, and look forward to what will unfold in the months to come. As we move forward, I offer my thanks to all who make positive, and often sacrificial, contributions to our community life – too many to mention by name. Our faith is not just about us as individuals, but about living out our call collectively to be “the body of Christ”. I am encouraged by all who are with us on this journey. Thanks be to God. The Rev’d Janet Buchan, Vicar _7[th] May 2022_ 15 ANNUAL REPORT AND FINANCIAL ## STATEMENTS ## **Independent examiner’s report to the trustees of the Parish of St Paul’s Goodmayes** I report to the trustees on my examination of the accounts of the Parish of St Paul’s Goodmayes for the year ended 31 December 21. ## **Responsibilities and basis of report** As the charity trustees of the parish you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘The Act’) I report in respect of my examination of the parish’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner`s statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the parish as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Osbornes Accountants Limited, 20, Market Place, Kingston-upon-Thames, Surrey, KT1 1JP 11[th] May 2022 16 ANNUAL REPORT AND FINANCIAL STATEMENTS ## ST PAUL`S CHURCH GOODMAYES **Statement of financial activities for the year ended 31 December 2021** 18 ANNUAL REPORT AND FINANCIAL STATEMENTS ## ST PAUL`S CHURCH GOODMAYES Balance Sheet as at 31 December 2021 19 ## ANNUAL REPORT AND FINANCIAL ## STATEMENTS ## ST PAUL`S CHURCH GOODMAYES ## Notes to the financial statements for the year ended 31 December 2021 1. The financial statements have been prepared in accordance with the current Church Accounting Regulations and in accordance with the current Charities SORP (FRS 102) together with applicable accounting standards. The financial statements have been prepared under the historical cost convention except for the valuation of investment assets, which are shown at market value. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body, nor those that are informal gatherings of church members. ## **Funds** _Restricted funds_ represent (a) income from trusts or endowments which may be expended only on those restricted objects provided in the terms of the trust or bequest, and (b) donations or grants received for a specific object or invited by the PCC for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of each year must be carried forward as a balance on that fund. The PCC does not usually invest separately for each fund. Where there is no separate investment, interest is apportioned to individual funds on an average balance basis. _Unrestricted funds_ are general funds which can be used for PCC ordinary purposes. ## **Incoming resources** Planned giving, collections and donations are recognized when received. Tax refunds relate to the year ended 31[st] December 2020. Grants and legacies have been accounted for when the PCC has received the amounts due. Dividends are accounted for when receivable, interest is accrued. All other income is recognized when it is receivable. All incoming resources are accounted for gross. ## **Resources expended** Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding or constructive obligation on the PCC. The diocesan parish share is accounted for when due. Amounts received specifically for mission are dealt with as restricted funds. All other expenditure is generally recognized when it is incurred and is accounted for gross. ## **Fixed assets** 20 ## ANNUAL REPORT AND FINANCIAL STATEMENTS Consecrated and benefice property is not included in the accounts in accordance with the Charities Act 2011. Movable church furnishings held by the vicar and churchwardens on special trust for the PCC and which require a faculty for disposal are inalienable property, listed in the church’s inventory, which can be inspected (at any reasonable time). For anything acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the financial statements. Subsequently any individual item which has cost less than £1,000 has been written off when incurred. _Investments_ are valued at market value as at 31 December. ## **ST PAUL`S CHURCH GOODMAYES Notes to the financial statements for the year ended 31 December 2021** 21 ihe*ri rted (ted ￿/>L FLAtE F￿cÉ FwcÈ 2CEI 2. IN￿1￿￿FEllR￿ 12(a) Vd Lrtary irKDrre IE] r£rt ¢3 FlamedGidfKJ |Gfta&d InccnE tax reccw&Ae 4,￿1 2￿1 loyi e(tions(cpenpl&e)& ai )1 12Cb) (XherbdLrt¥yi rrcrre 18sz￿ ottrEr furd.ra 9 |Etr&ior6, QFEals&c l￿51 2(¢ frome￿rts￿￿tikltseS |c(*fee arKI tea |cCnT￿ritycertre letti nsetc |Hre OfP￿1￿ Ftcffl IFees |v(tike e5[￿ nrte l) |M&p3ne ￿ eswKI thrt1w￿rts(￿e U 71 14 517 12(d) (Xher (rd r1e￿1r￿Drr |cigo*ls |&nctycther in( 121e) In(￿￿ from irThE*rrErts Iintere* cn (F o*her thtThts |t]u (ÈncÈcn(F lfftgrrErtMctses(MXe I 24 |TIJAi INThl￿RE£LR￿ 819 819 22 ANNUAL REPORT AND FINANCIAL STATEMENTS ## **ST PAUL`S CHURCH GOODMAYES Notes to the financial statements for the year ended 31 December 2021** 23 ## ANNUAL REPORT AND FINANCIAL STATEMENTS ## **ST PAUL`S CHURCH GOODMAYES** **Notes to the financial statements for the year ended 31 December 2021** 24 ANNUAL REPORT AND FINANCIAL ## STATEMENTS ## **ST PAUL`S CHURCH GOODMAYES Notes to the financial statements for the year ended 31 December 2021** 11 Restoration Fund The PCC had deemed all the income and capital in the Restoration Fund to be unrestricted funds. ## 12 Assistant Clergy Fund The PCC has deemed 80% of the income to the Assistant Clergy Fund to be restricted funds and 20% to be unrestricted funds. ## 13 Reserves Policy The Parochial Church Council is reviewing its policy with regard to an appropriate level of reserves. At present, it has cash holdings well in excess of what might be deemed necessary to meet unforeseen contingencies but much of this will be expended on further repairs and maintenance of the church plant in the coming year. Once these works have been completed, the PCC will establish a new policy in the light of the then available cash balances. ## 14 Special balances: General Fund The balance on the General Fund (£153,212) includes the remains of the sum of £115,998.54, a bequest from the estate of Angela Martin, a former parishioner. In addition, a sum of £4,674 is held as a reserve for the future redecoration of the Vicarage. ## 15 Special balances: Community Centre The cash and bank balances in the Community Centre Fund, totalling £47,775, include a sum of £16,880 set aside as a Long-term Maintenance Reserve. ## 16 Appeals Fresh appeals were launched in 2021 for Christmas gifts for the residents of Atholl Court, for Christian Aid, the Childrens Society and the Redbridge Food Bank. Any remaining balance in the Atholl Court Fund will be used to offer hospitality to those residents who attend our Thursday afternoon drop-in sessions 25 ANNUAL REPORT AND FINANCIAL STATEMENTS ## **ST PAUL`S CHURCH GOODMAYES Notes to the financial statements for the year ended 31 December 2021** ## **17. Tangible Fixed Assets** The Council has adopted the following policies with regard to depreciation of fixed assets. The Community Centre building (Hall) is depreciated over twenty years. The Community Centre furniture (refrigerator, chairs, trolleys, tables, windows, door, water heater) is depreciated over five years. The two newer church heaters are depreciated over eight years. The church cupboards, chairs and copier are depreciated over five years. ## 18 **. Gains in investments** Until 31 December 1996, investments were carried at cost. The Chelmsford Diocesan Board of Finance holds in trust for the Parish 268 Charibond shares. On 31 December 2020 their value was £336 and on 31 December 2021 it was £325. An unrealized loss of £11 has been taken to account. The PCC has asked that this investment be sold and the proceeds remitted to the PCC. On receipt in 2019 of a bequest from the late Angela Martin (£115,999), the PCC invested £75,000 over a six-month period in income shares of the Investment Fund (INVAC) of the Church of England Board of Finance. 4,075.03 shares were purchased at an average price of 1,840.48p. On 21 September 2021 the PCC sold 1,431.99 shares at 2246.93p. A gain of £2,965 has been taken to account. On 31 December 2021, the price was 2338.67p. An unrealized gain of £7,909 has been taken to account for the year ended 31 December 2021.The Council also invested £25,000 from the Assistant Clergy Fund in 1,356.96 INVAC shares at a price of 1,842.35p. An unrealized gain of £4,055 has likewise been taken to account. ## 19. **Development Agreement with Family Housing Association (now Peabody)** In December 2004, an Agreement to Lease was signed with the Family Housing Association (now Peabody Housing Association) and the sum of £28,750 received by way of deposit on the consideration. In March 2005, a Lease was granted to the Family Housing Association letting a certain area of land adjoining the church 26 ## ANNUAL REPORT AND FINANCIAL STATEMENTS for 127 years for a total consideration of £575,000. The rental payable by the Housing Association on the lease is one peppercorn per annum until the year 2045 when an amount of £1,200 p.a. in 2005 value, indexed to the Retail Price Index, becomes payable for the remainder of the term of the Lease. The old Community Centre was then demolished and a new Community Centre erected for a fixed sum of £435,000. In 2012, a new extension was added, to house toilets and storage for Pedagogy Auras, who paid 50% of the total build costs of the extension. 27 ## ANNUAL REPORT AND FINANCIAL STATEMENTS ## **Notes to the financial statements for the year ended 31 December 2021** 28 ANNUAL REPORT AND FINANCIAL STATEMENTS ## **ST PAUL`S CHURCH GOODMAYES Notes to the financial statements for the year ended 31 December 2021** 29 ANNUAL REPORT AND FINANCIAL STATEMENTS ## **ST PAUL`S CHURCH GOODMAYES Income and expenditure accounts for the year ended 31 December 2021** 30 |MLElC arvj TYUSCI ar6 |&rLknary |H&L I i th atTrJ watff. td￿￿) IPC&a￿ s&rtsi al, ststs(wy, tocks |Mag3rE |wdyl&flé 9Z) 277 571 252 224 1141 2,a)8 45 In￿rar￿e |wirsardtThrtwBrre |cl-urdifurnid-* |RdurbithrrwÈ of ckurth flc¥y/Wtffs a |(J&rirq 972 141 2,124 |É*ic31 re*1 ringrdEryrYJd bdl |Aro4it8t s f |Fam Iy Fxrse Ici￿ |trBritsblegvirgan4D xrÈi¢ThryF￿￿1Exx)I |[J￿Lr￿vt d th¥it3￿ efurds ral￿ty |Misgon and(xtr&th |m￿sy￿lrCh |HcEptality 28 51 513 39.6 L163 2,￿67 1831 170 2071 IF￿. SLb*ript ors. steNar(kn p8i/dq) 41) 455 •¢ 7(T3 |w&s te ccn*rudJ ￿ aid rr£i kckr cArd￿1r￿] rdry e(PVE lEg)r￿1 ats on.. |￿T￿L£W￿lI￿E |EX￿ d ￿F￿11￿￿e￿ff IrK[￿re |Tran4g frOmCDnTrnrityC￿eF |Trandg fromFknrab"on Furd I￿ I￿gIn.. saled 1,431.99sFBr&i nttPITTh￿￿* |paRI uati cy) of ir￿￿￿t |owngE%lan d c6irKJbal 223 L2 279 870 70,4SJ 132,8261 28.(xrJ) 6941Q 24CXIJ 41QlJ 147,fEO 146,748 |fi￿aSS&S I￿kba1 an￿ ard c3th inkBrxl |2,&13.04 thars I n r￿￿rT￿t d thecstra |&ord cl finan￿&the(h￿Ch cl ard12Q2lTr.40￿.O# I(￿ Wy)st balanc |cr&itors 5.220 61812 41315 83125 52.712] 11.1181] 5711 146.748 31 ANNUAL REPORT AND FINANCIAL STATEMENTS ## **ST PAUL`S CHURCH GOODMAYES Income and expenditure accounts for the year ended 31 December 2021** 32 ANNUAL REPORT AND FINANCIAL STATEMENTS ## **ST PAUL`S CHURCH GOODMAYES Income and expenditure accounts for the year ended 31 December 2021** 33 ANNUAL REPORT AND FINANCIAL STATEMENTS ## **ST PAUL`S CHURCH GOODMAYES Income and expenditure accounts for the year ended 31 December 2021** 34 ANNUAL REPORT AND FINANCIAL STATEMENTS ## **ST PAUL`S CHURCH GOODMAYES Income and expenditure accounts for the year ended 31 December 2021** 35 ANNUAL REPORT AND FINANCIAL STATEMENTS ## ST PAUL`S CHURCH GOODMAYES ## **Income and expenditure accounts for the year ended December 31 2021** 36 ANNUAL REPORT AND FINANCIAL STATEMENTS ## ST PAUL`S CHURCH GOODMAYES **Income and expenditure accounts for the year ended 31 December 2021** 37