k*• .1x4 The Church of Ascension The Avenue, Wembley. HA9 9QL Reports for Annual Parochial Church Meeting 202,5 with Annual Reports for 2024 Agenda Agenda - Meeting of Parishioners. Sunday 21 April 202Sat 11:15 AM 1. To confirm the minutes of the Parishioners Meeting of 30° April 202 2. To elect Churchwardens Agenda - Annual Parochial Church Meeting, Sunday 20April 2025. at 11:15 AM 1. Apologies for absence 2. Adopts'on of Minutes of the previous Annual Parochial Church Meeting 3. Matters arising from the minutes. 4. Flections of churchwarden Attendance is recorded for ourArchive 5. The Reports Electoral Roll Annual Report of the Parochial Church Council Financial Review Deanery Synod 6. Elections and Appointments Deanery Synod PCC members Appointment of Independent Exarniner of the PCC To receive the names of the Churchwardens elected at the meeting of parishioners just held 7. Any Other Business - to be nottfied to the Chair or Secretary beforehand. Closing Prayers APCM minutes from 2024 Minutes of Parishioners and the Annual Parochial Church Council held in Church on Sunday 21st of April 2024 Revd. Jacqueline opened the meeting. Election of the Churchwardens: Tracey King Mabel Mwonge This concluded the Meeting of Parishioners. Minutes of the Annual Parochial Church Meeting held on 21st of April at 11.15am Apologies for absence: Hanora Horan, Angelica Chukwuenyem. Parochial Church Council: Mary-Ann Chukwuenyem (Treasurer), Angelica Chukwuenyem, Maureen Egbuche, Vicky George, Frank Horan, Nicola Kent (Safeguarding Officer}, Laure Labidi, Edy Labidi, John Shalloe. Deaneysynod representatives serve a 3 year term and Nicola Kent is now in her second year (2024) Electoral Roll- Revd. Jacqueline said this was incomplete and said that in 2025 everyone would have to come off and re-apply. The report on Church Fabric Goods and Ornaments. Everything in order for 2024. New Altar Frontal was bought for Lent and advent. The Financial Review. Revd. Jacqueline reported changeover issues with regard to putting the finances online. She said there would be an EPCM sometime to discuss finances. This took place in October 2024 on zoom. Revd. Jacqueline mentioned Kevin Ogilvie would be our bookkeeper. She thanked Anne Bignall for being our Church Treasurer for over 30 years. Revd. Jacqueline reported that the meeting room, vestry and office had been painted. She thanked David King for his excellent work in the Church gardens and that he had also weed- matted and put wood-chips down. Revd. Jacqueline reported that Stuart Ransom had completed the inventory and that she had put this on a hard-drive. The Archdeacon Catherine came for our 5 year visitation and a special mention was made of Stuart's wonderful inventory. Everything was In order. She mentioned that five people were on a grow-course and that they would be our new task-force for people to go to if there were any problems. The PCC would like to thank Antoinette Morgan who did an excellent job as PCC Secretary. She has now stood down. Stuart Ransom presented his final report as sacristsn and head-server after 45 years of wonderful service. He had never missed a Sunday or Wednesday in all these years. We would also like to thank lan Shaw and Paul Davies our organists for their wonderful playing. We also welcome Stephen Cole our pianisL Report by Vicar Jacqueline Shalloe {As¢ension 2021-2025) Dear Parish Council. It is with mixed emotions that I present my final report as your Parish Councilchair IPCCI. l am filled with joy as I reflect on ourjourney together. serving God and transforming our church into a welcoming and safe place for worship. Our collective efforts have surpassed expectations. grounded in our faith in Christ. who empowers us to achieve more than we can imagine. February 2025, we will mark three years since our partnership with the Ashlord Place charity and the establishment of our memory café. Despite initial challenges, it has flourished as a fresh expression of church. deeply rooted in scripture: As commanded by our Lord Jesus Christ. As we read: Matthew 22.37-39.. "Jesus replied: 'Love the Lord your God with all your heart and with all your soul and with allyour mind.'This is the first and greatest commandment. And the second is like it:'Love your neighbour as yourself.." Hebrews 13.2: "Do not forget 10 show hospitality to strangers, for by so doing some people have shown hospitality to angels without knowing il." Matthew 5.16: "Let your light so shine before men, that they may see your good works. and glorify your Father which is in heaven." Our mission statement for the memory cafe, Songs of Joy community choir. carers group. and mothers and toddlers group is firmly based on these scriptures. When I began my tenure post-COVID. we faced the chaLlenge of reopening our halls. With the support of the churchwardens, Nicola and Irene. we welcomed hall hirers back, and since then. we have witnessed God's blessings upon our parish. Change. though often diff icult. has brought new life and OPPOFTunities for growth. This Christmas, we celebrated with 12 children and 19 younger members at our family Christmas meal. and we now have Six families actively involved a remarkable transformation. Our statistics reveal a strong presence of seniors through the memory cafe and choir, as well as younger members in their 50s and above from the choir and carers group. Thisgrowth will undoubredly inspire our new priesi to join and further our mission. We have emerged from the challenges of COVID stronger and more committed to our communities. Jesus calls us to be a light in the world. proclaiming peace and standing firm in our faith. I leave you with confidence that you are stronger than when l arrived. Hold steadfast to Christ. the rock of ages, and you will witness God's salvation in this parish. l am grateful for the opportunity to serve as your vicar and will always remember you in my prayers. As Jesus accompanies me on myjourney, He remains with you, ensuring there is no fear but only thankfulness and love shared in Christ. With blessings and in Christ Revd Jacqueline Shalloe APCM - Church Wardens re ort roduction Our Church has been moving successfully with our mission statement and our Memory Cafe, Parent & Toddlers and Community Choir and all running very well and we all have a lovely time! We are now reaching out into the community and welcoming new people into Church. Parish Hall and Youth Cent Hall Hirers We welcome our Hall Hirers". Kumon. Karate, Scottish Dancing. Brownies, Carers Group, NHS Fair, Diabetes Group, Deen Club, Jannah Club, Little Legs Dog Club, The Wembley Arts Society, Councillor Johnson and the Nursery. We welcome all people in the community and we had our Christmas Party in the Parish Hall for the Memory Cafe and the Chameleons performing 'Cinderella' over Christmas. We have birthday, Wedding Anniversary and engagement parties, funeral wakes. and different celebrations. We welcome all. Grounds The clearance and tidy up of the grounds added to numerous people coming to look at the garden. It Is wonderful to have the Peace Garden restored as numerous people come and sit on the benches and enjoy our beautiful garden. Our thanks go to David King for clearing it so well. We have discovered beautiful plants and shrubs buried beneath the brambles! It has shown us that the PCC need to allocate money in orderto upkeep our beautiful grounds as many people have enjoyed coming and sitting in the garden. The nursery often take the children to the Peace Garden and they love looking at naturel They have planted pansies just outside the nursery and we are discussing creating a sensory garden. Work done with the expenditure. Regular bin collections twice weekly. Dumphy's Boilers came and serviced the boilers in the Church, Vestry and Vestry Office, and the Youth Centre. Meeting Room. We now have gas safety certificates valid for 12 months. Brent Pest Control has visited the grounds and inspected the halls every 8 weeks thi5 year and reported there to be no sign of any rodents or pests. The Church Lightning Conductor Test was completed. B.T Broadband was renewed and the updated . We have wi- fi in the Church and Parish Hall. Pat Testing and fire-extinguishers were inspected with PHS Compliance. Gutters were cleared by FitZEerald in February. The Church organ was tuned by BC Sheppard & Sons. The flat roof over the Lady Chapel was repaired and a new flat Sullivan Builders. They also painted the Vestry, Meeting Room and Office. David King cleans both halls three hours weekly and he does a marvellous job! roof was put on by Church celebrations and Mission outreach ,' Homes of promise Soulla Kwong our PCC member has been supporting the homes of promise for a long time. She held a fund-raising funday event for the Homes of Promise in Uganda. It was a great success and everyone enjoyed it. We also ran our Spring and Christmas Fairs which were a great success with afternoon tea, face-paintin& bric-a-brac, jams and preserves and books. Our thanks go to all our wonderful volunteers to ran the stslls, cleared up and helped set up and clear away. Special thanks go to our young people who did an amazing job setting up and clearing up at the end. We are so blessed to have such wonderful young people! Special Services in our Parish Church services: We had a lovely Servi￿ to celebrate our dear Josie's Iolst birthday! She is loved by everyone and prays for people three times a day. People ask her to pray for the sick, people who have problems. and loved ones and she is more than happy to do so. She has contributed so much to our Church, doing the linen. running the luncheon club. cleaning and helping with the children reading bible stories to them. She has such a wonderful listening ear and always has the best advice. We thank G¢)d for her! Memory café service: Our Memory Cafe is always a lovely afternoon enjoyed by all! We have tea, wordsearch, quizzes, singing and bingo! We always end with a prayer and always have wonderful chats! Our thanks go to Marilyn who always plays the piano so beautifully, Shelley and her team of helpers and Debbie. Revd. Jacqueline, Irene and Tracey all received a certicate from the mayor of Brent thanking them for their services at the Memory Cafe. Tracey has sung at numerous events and Memory Cafes even singing with Shaun Wallace one of the Chasersl Parent baby and toddler Group We had Daniel's Den running our Parent & Toddler group which was wonderful but after much consideration decided we could run our own Ascension Parent & Toddlers Group. The Archdeacon kindty donated some money for ride-on cars and the digger5 are especially popular as the children collect bricks and drive them round the hall! The numbers have been small but the children and parents that come really enjoy the mornin& We chat and Dlav and have hula hoop races at the erKI which the parents and grand-parents lovel We all have a wonderful time and the group is growing. Service for all souls. Thi5 is a service when we pray for our loved ones who have departed and also the former members of the congregation. We also welcome friends and past families who travel to come and remember their loved ones. Tracey sang a solo and the organist (lan Shaw)played beautiful O￿an solos. Remembrance service This is always a very moving Service where we sing traditional hymns and play the last post on the trumpet. The Church looked beautiful with red poppy displays on the aitsr and around the Church. Our thanks go to Irene who did a marvellous job decorating the Church and providing beautiful flower arrangements. Service of Nine Lessons and Carols: Our nine lessons and carols were led by lan Shaw at the organ and we sang congregational hymns and choral items. The music was heavenly and Tracey sang all the descantsl We also had Laure playing her violin and it was magnificent! The children joined us in the choir loft and we all had a wonderful timel Nornial SeThices We continue to have two communion services each week: Sundays at 10:00 am Family Service Wednesday 10:00 am said Eucharist We thank Revd. Jacqueline for her vision for our Church ahd for opening doors and enabling work to happen. We have wonderful sessions with our Memory Cafe, Parent & Toddlers and our new Community Choir. We have had wonderful prayer sessions in Church for the community and for anyone who wants to P13y. We would like to thank our wonderful congregation for their support, hard work, and huge team effi)rt. 'Love one another as I have loved you, May we contlnue to strive to show God's love both in Church and in the community. Trdcey and Mabel (Church-wardens) Kenbrook Nursing Home 2024 Tracey regularly visits the care home and takes her pupils there to perform concerts throughout the year. The residents love hearing and seeing the children sing and they chat with them afterwards. Tracey sings there and visits regularly performing World War 2 songs, Opera, Classical and Musical Theatre for different occasions. She and Revd. Jacqueline went to do a service for Valentine's Day and the residents always enjoy receiving communion. We were very sad to lose our dear Mavis Hazell who attended the Ascension for many years. She passed away surrounded by love at Kenbrook. Mavis and Daisy visited the memory cafe earlier in the year (brought by Kenbrook staff) and they thoroughly enjoyed coming back to Church and joining in with the singing as well as seeing congregation members. We would like to thank Ray, Jean and Sheila for visiting Kenbrook, helping with services and visiting residents. . Flower Report 2024 We have wonderful flower ladies arranging beautiful flowers for special occasions and for the regular Church services. Irene, Sharon, Anthea, Tracey, Tina and Soulla have all done wonderful displays and we always have fun and a chat whilst arranging them! We would like to thank Mike for doing the flower rota too and for mowing the lawn for free for many years. We thank David too who has taken over when Mike could no longer do it. We prepare flower displays all year round and do special displays for Remembrance Day, Christmas. Easter, Baptisms and funerals. We also do special anniversaries. If you would like to join our wonderful team please contact Tracey or Soulla and you would be very welcomel Community Choir- Songs of Joy Choir The Community Choir meets weekly. on a Thursday 1. 45pm- 3.15pm, in the Church at the AS￿nSion. Linked to Community Action on Dementia Brent and Ashford Place, it provides a safe space and environment for people to sing together. Working on the principle that singing is a powerful resource which. enhances wellbeing for people with dementia / memory issues, it can be a tool which reduce anxiety, increases relaxation and good communication. The Community Choir members have formed into a sociable caring group. The Community Choir have been in demand and have made several performances in the area, including at the Ascension and at a local Fire Station. Carers Forum The Carers Forum meets monthly at the Ascension. Linked to Ashford Place, it provides a safe environment for carers to come together as a group. It also enables attendees to get advice and information from Ashford Place representatives and arranged visiting speakers. Ashford Place have also arranged specialist infonnation which are open to all such as a talk by a Solicitor on becoming a Power of Attorney and health and wellbeing sessions from doctors. It is a privilege to work with Ashford Place, their commitment to providing a good experience to nurture wellbeing, is admired. Nicola Kent MISSION As in previous years the Church of the Ascension has once again held a fundraising event towards the end of July 2024 to raise funds for Homes of Promise Uganda. This charity was started by Jane Davidson (ex vice president of Mother's Union London Diocese) in 2013. A boys home was set up in Garuga and is registered to receive street children who are sent to school (most of them are in boarding school) and the older boys receive vocational training of their choosing which once they complete they are helped to find work and settle independently. The charity also works with social workers to unite the boys back with their families once they are located. For more details on the wort( of this charity you can find the weekly letters sent from Uganda on: www.ho anda.or We shall fundraise for Homes of Promise Uganda again this year on Saturday 26 July. Soulla Kwong working with the Church paid or voluntarily. Safeguarding Report for APCM 2024-2025 This year we participated in the Diocese 'Safeguarding Sunday. which was an opportunity for congregations to learn about Safeguarding. The Ascension has an online portal for Safeguarding, where progress made at the Church and also with the 5 Safeguarding Standards (see below) can be logged: Cultu￿, Leadership & Capacity Prevention Recognising, Assessing, & Managing Risk Victims & Survivors Leaming, Supervision & Support Training has continued to be on the agenda & the AS￿nSIon and with another year approaching. we will review training required again, training has to be renewed every three years. Who gets what training: Clergy & Licenced Lay Minlstry: Basic Awareness, Foundation. Leadership. Parish Workers with children I Vulnerable adults (paid or voluntary) Basic Awareness, Foundation. Leaders I Supervisors of work with children I vulnerable adults: Basic Awareness, Foundation, Leadership. Policies & Procedures which the PCC have introduced I revised: the Safeguarding Policy. the Promoting a Safer Church Statement, the Dats Protection Policy Procedure for electronic communication and use of Social media. Parish Safeguarding Officer.. Basic Awareness, Foundation, Leadership. Church Operations Manager: Basic Awareness, Foundation Churchwardens: Basic Awareness, Foundation, Leadership. The Willesden Episcopal Area thanked Safeguarding Officers for the work done by holding a Celebration Event. Attended by Bishop Lusa, Archdeacon Catherine, Both Harrow & Brent Area Deans as well as the Area Safeguarding Advisor, we enjoyed live music, food (including cake) and catch up, with each of us each receiving a signed acknowledgement rtificate with appropriate Biblical verses, presented to each of us by the Bishop. PCC members: Basic Awareness, Foundation. DBS - Disclosure Baring Service checks. A Church DBS are required by: Churchwardens Safeguarding Officers, PCC members, anyone working with children or Vulnerable adutts - whether it be paid or voluntary. It is also part of the Safe Recruitment process for people - °Everyday God thinks ofyou. Psalm 139.'17 Nicola Kent - Safeguarding Officer. Deanery Synod Report to APCM 2025 The Deanery Synod have met in a variety of different Churches throughout the year . from St Michaels & All Angels, Stonebridge to All Souls Harlesden & St John the Evangelist. Wembley. We have heard about Brent Council's response to Climate Action in Brent, & how Churches can act responsibly. We were fortunate to receive a Biblical reflection on Safeguarding by the Diocesan Safeguarding Advisor for the Willesden Episcopal Area, who spoke on how to make our Churches safe spaces for The Deanery Synod have considered what God is saying to us as individuals. to the Church we belong to and the Church at large. In the second deanery roadshow. together we and participated "using the ignition practice of examen" with Bishop Lusa, Archdeacon Catherine, The Area Director of Ministry Andrew and the Director of Mission, Christopher It has been an interesting year Nicola Kent Deanery Synod Representative PAROCHIAL CHURCH COUNCIL OF ThE CHURCH OF THE ASCEIYSIOI¥4, WEMBLEY PARK llldepend¢nt examiner's report to the Paroehial Cbllrnh Countll of the Church ofthe kncellsion Wembley Park I report on the f]nanciaJ statcmcnls for thc year endcd 3 1st tkcembcr 2024, which are sel out on thc attached pages. R¢8p¢ctiv¢ responsibilities of PgroehiAI Chureh CouDeil and ¢iamiDer The members of the PCC arc resFk)nsiblc for thc preparation of the a¢counts. The PCC considers that an audit is not Tequired for this year und¢r s¢ction 144(2) ofthe Charities Act 2011 (the 2011 Act) 8nd that an indep¢ndenl ¢xatninalion is needed. Il is my responsibility to: examine the ac¢ow)ts under $￿tion 145 of the 2011 Act to follow thc procedures laid thwn in the general Dircction5 given by the Charity thmmission und¢r section 145(5)(b) of th¢ 2011 A¢t to slate ivh¢ther particular mattcrs have come to my attention B•81$ of ind¢p¢nd¢nt •xamlner's report My ¢XAmination was carried out in o¢¢oTd8nce with the Benernl Direction8 8iveD by the Charity Commission. An examinBlion includes a rcvicw of the ac(x)untÉn8 records kept by the charity and a comparisoD of the ac¢ounls presented with thosc records. It alw includcs considcration ofany unusual itcms or disclosures ID the accounts, and seekin8 explanations from you as tws¢¢as ¢onc¢rnin8 any su¢h mgtt¢rs. The pro¢edur¢s undertllken do not provide all the ¢vidcn¢e thal would b¢ required in en audit ond ¢ons¢qu¢ntly no opinion is 81v¢n as lo wbcthcr the acLX)unts pr¢sent a 'ÉTU¢ and fair view, and the report is limited lo those matt¢rs sel out in the slAlement below. Independent esamlller's 8tot¢m¢nt In wnne¢lion with my ￿MinatIo￿ no matter has c£)me to my 4tt¢nlion: which 8iv¢$ mc ff&8onable cause to beli¢vc that in thtty material respect the requirements: lo keep a¢(tJUDting records in accordance with scction 130 of the 2011 Act to prepare g¢wunts whi¢h &¢¢ord with the aecountin8 r¢￿rdS and Comply with th¢ a¢¢ovntin8 rcquiremenls of the 2011 Act have not been met" or to which, in my Opinio￿ attention should bc drawn in order to ¢n8blc a proper UDdcrst8nding of the a¢¢ounts to bc reach¢d avid M Green FCA Gowcrs Limited The Old School Ho Bridg¢ Road Hunlon Bridge Kin8s Langley Herts. WD4 8SZ Dat¢: 14. April 2025 Treasurers, Report Reserves Policy The PCC policy is to maintsin reserves for fimwe expenses related to parish operations and maintenance of church structures, including all buildings and grounds. It is our policy to invest funds with the Church of England's Central Board of Finance (CBF) where possible. As of 31 December 2024. totsl reserves balance was £25.291 (last year £35.422). This includes £12,544 (last year £23,317) in trust fund income (code 6515) shown on page 2 of 7 of the financial statements. The decrease is due to transferring -£25,000 to general funds for roof repairs, despite adding £14,227 of income and interest during the year. Financial Review 2024 has been a notable year in several &8pects. We fo¢￿sed on activities to increase OUT Halls letting income, support our church community. manage and maintain our church fabric and facilities, and explor¢ ways to controI our cxpenditure. Results have varied in these are&s. 2024 saw improvements in Halls letting income, more than mitigating the reduction in Gift Aid giving due to a reduc¢d congregation. However, there was an increase in operational expenses, outstripping operational income, primarily driven by high energy costs, and 2024 saw a huge investment in our church fabric with rcpairs to the flat roofs around the meeting room and other ar￿ of the church. These led to an overall net deficit in the church's year-end fmancials. Our Memory Café community contributed over one thousand pounds to its rnission, and we renegotiated a medium-tenn contract with our resident nursery school through the efforts of our vicar, Jacqueline Shalloe. in the last quarter of the year, which should enhance fllwciaLs ill 2025. Ogilvie Bookkeeping Services continued to provide bookkeeping suppor¢ and we thank them for their assistance. David Gowers, our indepcndent examiners for the past three years, will leave after the 2024 examination period due to internal restructuring of their activlties. We extrnd our thank8 to David Gowers for their services over the past years. Examining the accounts attached - page l of 7 (Sofa Separate Designated) summary, total income for the year. taking all receipts regardless of designation into accounL Stand at £98,640 (2023, £90,759) an incre&se of £7,881 year on year. Tliis rise is mainly due to incre&se in Other tradin8 activities (£18,570, mostly Hall rentals) and increase in Investments (£6,079). However, Donations and legacies de¢re￿d by -£16..f ?3, due to drops in Planned Giving (-£9,044}, Loose plate collections (-£2,578), Gift Aid Tax recoverable (-£3,483, as Gift Aid tax w&s not claimed In 2024), and Donations appeals, etc (-£1.419). Focusing on the "Genernl" column of the accounts (pag¢ 3 of 7), total income is £81,307 (2023: £79,431), an increase of £1,876. This rise is mainly duc to Halls Ictting income (codes 1230112401124511247 & 1248) total]ing £62,863 (2023: £43,218), up by £19,645 year on year, driven by Parish Hall and Youth Centre lets increases of £18,799 and £847, respectivcly. This increase counteracts a significant drop in Donations and Regacies of -£16,523, caused by a decline in congregation contributions. As in previous years, our reliance on income from hall rents]s to cover the day-to4tsy operatAng costs of the Parish continues. Unfortunately. for 2024. th¢ revenue from hall rentals, combined with Church receipts. was insufficient to fi]Ily fund the Parish's expenditures. excluding major roof repairs. This is evident in the "General" (Unrestricted) funds column of the accounts on page l of 7, where the tots] combined income from the Church and Halls w&s £81,307 (2023: £79,431). When compared to the total expenditure on the same basis, £86,008 (2023: £73,443), it results in a deficit of -£4,701 for the year (2023: w&8 an excess of income of £5.988). In 2024, COTA experienced the full impact of rising energy priccs due to the expiration of a thtte-year fix¢d-tern] encrgy contracL which had been elltered into prior to the energy crisis, late in the fourth quarter of the pr¢vious year. This fuelled the deficiL In addition, COTA undertook a roof repairs project at the cost of £30.135. Including th¢ Toof Tcpairs. the deficit for 2024 rises to -£34,836. To clarify the reserves and capitaI assets included in the following financia] statements. The PCC h&s a Trust Fund invested in CBF Global Equity Fund Shares, under a Deed of Tnjst with the Diocesan Board &8 Custodian Trnsteel. Previously, the funds were invested in M&G Charifund, but a review by the LDF and the Inveslment Guidance Group found that M&G Charifimd did not comply with the Church of England's Ethical Inveslment Policy. Consequently, the LDF could not hold M&G units. In June 2024. the PCC passed a resolution to invest the Tn￿t Fund in CBF Global Equity Fund Shares, which align better with the church's values and mission regarding Sustainability and environmental measures. The current Trust Fund figures. and movemenL (in summary) are: _ Mark•t Valu• at M&G Chari Furxl Units (15.985) Disposal <23.03.2024) to PCC Disp08al (12.09.2024} Unlitslshares 15,985.00 1,036.77 14,948.23 27.04.1988 £ 80,( -£ 5.189 -£ 74,811 27.09.2024 £ 226,916 31.12.2023 £ 229,383 31.12.2024 £ 241,916 -£ 15,000 -£ 226,916 CBF Global Equity FLU￿ Shares 71.229.41 £ 229,031 Deposit ACco￿t at CBF Plus. Incon￿ from CharIf￿XI PILB. interest Less grart to PCC Balan0• h•ld on d•postt £ 13,561 9.191 565 £ 23,317 £ 14,721 867 -£ 25,000 £ 13,906 £ 242,936 £ 23,317 £ 252,700 Total valu•s Jnvestments in unit trusts and shares are influenced by stock market movements and can fluctuate in value. This year, the capital value of our Chari Fund units and Global Equity Fund shares has increased by £14,648 colnpared to 2023. This represents an increase in capital of 6.4 %. Additionally, £15,588 of income (and interest) was generated during the year. contributing to the balance of income held on deposit at the beginning of the year. However, units to the value of -£15,000 were sold to help fund repairs to the church flat roof during the year. Church Hall buildings valuation Current Charity commission instructions require that we annotate our accounts with Church Halls buildings valualion. As such thc PCC maintain the revised valuation of the Church l-Ialls, in 2021, by EIG Insurance of £2,960,000 (2020, thc Ilall buildings, valuation was set at £1,747,011). These valuations are set out on page 2 of 7. Balance sheet detailed, and page 6 of 7. Fund movement summary, on the attached financial statements. The year(s) ahead- 2025 and beyond The Parish Church Council (PCC) anticipates that 2025 will usher in an improved future for the Church and its fmancial health. It aims to continue expanding our congregation, contributing more significantly to the common fimd, and achieving nornialcy within our church community. As we strive to maintain a stable yet vibrant financial postu￿. it is prudent to exercise caution, considering the substantial costs already incurred. It remains critical to persist in growing our congregation and enhancing outreach efforts within the community to prepare for the challenges that 2025 may present. Furtherniore, given the demographic shift in our church community, where legacy parishioners-and their considerable contributions-are being succeeded by newer, younger members with numerotss commitments, we must be ready in 2025 to leverage alternative income sources to mitigate any gaps introduced by this change. To that en(L attention should be directed towaTds managing and maximizing net income through various avenues. We must pursue initiatives to improve the frequency of one-off lets, implementing a rate card aligned with market rates as guided by the Diocese Financial Advisor (FA). Additionally, exploring ways to generate more revenue from church activities and accelerating other fundraising efforts are essential strategies. This includes leveraging local grants opportunities. It is also crucial to continue conducting thorough reviews of ow cost base and implementing efficiencies where feasible to streamline and align costs with changing revenue profiles. This approach will help contain or enhance our net cash position. Measures have already been taken, such as fixing electricity price& by contracL for the next three years. effective October 2025, to safeguard against future price hikes. Parishioners should once again challenge themselves this year to increase regular giving. Reducing reliance on planned giving envelopes and fully embracing the Church of England Parish Givlng Scheme will ensure donations and regular contributions are gift-aided, thereby maximizing the benefits offered by this scheme. We must execute all measures that enhance our financial posture throughout 2025 and beyond. We should continue our commitment to Teview stewardship on an annual b&sis. The following accounts have been prepared OD a Receipts and Payments basis, and I presenl it to the APCM. Mary-Ann Chukwuenyem- Treasurer These accounts were presented and approved by a meeting of the PCC convened on April l 0, 2025, and signed on their behalf by fvfrs Mary-Ann Chukwuenyem (Interim Chair) Mabel Muwonge (Secretary & Church warden) Church of the Ascenslon Wembley Sofa Separate Designated Forthe perlod from 01 January 2024to 31 December 2024 P&ceiFts Donati￿5 WKI leggtses Ir￿me frorn tharit$b￿ Cth•rtradiroad%ities In￿strn￿nts 15.112 1012 15.112 2.915 64,383 18.23 31.635 3.161 45,813 10,151 90.759 1,102 16J 16200 31 81J07 1.133 Pa￿￿nIS R£islng fiJThls Eyendithon(*<sbl• ac*iities . Tclal exp8tNItwo Ilèxrerrtllttye) res (5,5071 11.891 8.188 1.164 11.891 6.188 1.164 11,891 5.876 1,1e4 2398 242935 1152 2,218 252.700 2.152 807 47 576 47 2.960.000 47 2.￿),(￿ 2.960,C 1529 1,529 14.126 14.126 H811 P6S rycafe Retsntion 14,126 There may be minor(fjsuepnaps In the to(4ts If the pen￿ arn not belng shown 13 gr25 3:28 pm) 1 cl1 Page l 01.7. Church ofthe Ascension we￿￿[eY Baknce Sheet detalled As81 3111212024 Asat 3111212023 Flxèd assets 2.W,CO) 2,960.0 229.031 Total Flxod assets 3,189.031 3,189,383 Current a86ets 21.039 5.876 6510.IXLA(c￿ F8trAic FLThJ 6.188 2.152 238 6512.. CCLA(cBF)P￿$￿ Hall ReseTh• 6513.. CCLAICBFJ COTAC¥x6lt 6514.. CCLAIC8F) ewis &E>ywli &515.. C¢xA{C￿Tftj$IF￿fj 65gtr. Cash Mi 3383 576 607 1294 271 23.317 Total Curr•nt ass•t8 53,901 56,460 Llabllltlo8 Total Uabllltl•g Nel P3801 surplus {d•flclt) 3,242,932 3,245,843 Res•rv•8 Exessldefidt)t*d* L)1'. gartiTrJ b31m8 2tr2'. I￿r￿Se5)c￿lA￿•skn￿assQts (17,559) 3,245,843 14,648 16,648 3234.715 15,520} 3,245,843 Total R•sorv•s 3,242,932 Represented by Funds 13431 15,5071 27e,119 2.975,231 Reslric*d 2.9762 Tdal 3W.932 3245,843 13 wi zr25 3..￿ wi} 1 d1 Page ? of 7. Church ofthe Ascenslon Wenknley Analysls of Incon* and expenditu Selected period: 01 January 2024 to 31 December 2024 Total G9neral D•slgnat8d Restrlcted Thls ywar Last ￿ar Receipts Don4tlons and lagaclgs 0101- ¢3ft1¥d- Bank 0102-R￿aliNj 0110- ¢3ftAd- En*lores 0201 .QherFSanned giiing 0301. Lethe pl* collec*¢￿5 0410. d)urth 0501 . Q￿-tsff GftAdgi 055CI. [knatic￿$ aprkals et (QJ1.Taxreco*rn￿e0n Qlilid Cf02.TaxrnThreA(x) 09)1. Cltsrfiffjts ger￿tsd Donatlon8 and lagacles Tolal8 6.571 6￿71 18,786 630 65 IA12 1,455 129 1A12 10 1.012 1.012 2,817 4A68 15,112 15,112 31,635 IncoTh Irom charltsble actfvitl•8 651 851 0555. Sf•dd C*ThUons 1.102 1101. Fees fcf *￿Ithr￿J5 ￿dfurwaS Incomè from charlt•bl• actlvltl•s Totals 1,102 1,162 2,915 1,030 1.162 1,812 1,102 3,161 othèr tradlng actlvlll•• 0910- ￿mIs1 1230.Churc* hall leloros. ctrs81c￿ 1240- Churr*t hall letbros- RVJ 1245.YtyJlh Centre leth￿$ C￿Ssio)￿l 1247.Y￿ leltirgs Rtra￿ar 1248-(Ifits wl 9. 19.381 3.177 22.1&5 9,65) 19261 3.177 21155 92B8 3,701 20.785 Other tradlng actlvltl•s T¢)tal8 64,383 64,383 45,813 Investmonls 1C(t1-tliiiderMIs l￿- Bankand sotietylnkrn81 1030. ￿tfroM lands cf tsthlthr 14.721 1.479 14,721 9.191 31 19 lThvoslm8nts Tot418 16,200 31 16,230 10,151 Receipts Grand totals 81W7 16200 1.133 98,640 90,759 PayrrEnts Ralslng fund8 1701. Fees paid t11￿￿ rsise 3)253￿￿￿1 ￿ 1 d3 - Page 3 ot"7. Total General Deslgnated R&strlcted Thispar Last year 1720.Cc6ts Ralslng funds Totals 147 147 582 Expendltur• on charltablo actlvltlos 1￿1. Ctharilies 1&30. trom SF•)￿ 1￿1 .C￿mmCn ￿nd 2101 . KlxtrJNJ eynses of Incgjnt 2140. ￿larr81&8- li 2150. Ur£¢s 2170-E(hK81( 2201- Pashtralnln9aThJ missic 2205.YoJth and Chil(knts v 2210. Vemory¢*fé ew£es Yd01- Churth nmnlng-ingur8M* 2310. churthoffl￿.*4￿e 2320- Qgan Ipl¥K)￿nIrg 2321- C>ganist 2330.Cknuth maln*Ke 2331-aeanlro 2332- aaanlng ￿1815 a￿rth 2340. Urtspofsenl 2350. Ufvofthurthyerd 204 49 49 972 12 547 4286 152 4.751 263 152 294 2,870 2.153 3.466 1￿70 1027 6,443 576 418 Z362. F1￿ler￿1r￿r0tyAts 2.943 22¥2 192 4221 42 245 870 2.708 2370-Mslbro SFe8kas1100 2401. Clwrth nJnn1n9-eJ&l￿C 2410- c￿r￿￿Jnnlry-g&9 2420. Church runniro-v 2520. Hall nJMlThJ.aeanersw3es 2522- kkll Runnlng-dethn9 m*rfals 2530- kkll rurmlng-dethdty 2540- Hall nJMlrg-g8¥ 2550- Hall rurwthng-l￿Ura￿e , 2￿. Hall rUn￿n9. mainl8nfi￿ 2￿. ￿1 Nming. Pthmiro 2570. Pknil ruThlrg.telepIK￿&th1￿slra1kI) 25YO- Hall runriNd-WBter 2590. Hall nmnSro- Wa5teCde¢kn 2591- Hall runnlrg- SJThJrles 2601.ywth Centre RunF4rvJ. 8&*loty 10.Youth FknrurvJ.I 192 3.383 870 745 115 757 1,483 1.8r 3.417 1219 2.4￿1 3.417 1219 2.4KI 2,479 1.112 1.833 1.621 10 767 1.011 745 21)81 2278 263o.y￿th RunroThJ.Mministiti 2650.Youth Centre R¢mn1rvJ.a￿rO ￿181$ 13 13 1,3&8 610 2.C67 $24 49 2870.Youlh Cthre FIAJnning. 2&80.Yuth Cenby P￿nnÈng. Vainkn 610 583 2,010 (3 ￿]1 3.'za F¥n) Pap 2 crf 3 Page 4 ot"7. Total Genoral Deslgnatèd Rostrlct•d Thls s•ar Last ￿ar 2701. Chjrth M4c*repat￿.str Expgndltur& on charltablo actlvlths Tota15 1.135 1.135 115,996 116,052 n,529 Paynpnts Grdnd tota 11&143 116,199 74,111 Fml 3 d3 Page 5 of 7. C*l xx 8%X-8%-