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2024-12-31-accounts

Annual Report and Accounts for the Parochial Church Council of the Parish Church of Holy Trinity, Southchurch Year ended 31 December 2024

Registered charity number 118443

The Parish Church of Holy Trinity Southchurch

Annual Report and Accounts for the year ended 31 December 2024

I N D E X

Page No
Report of the Parochial Church Council 2
Independent Examiners report to the
Parochial Church Council 10
Statement of Financial Activities 11
Balance Sheet 12
Accounting Policies 13
Notes to the financial statement 14

1

The Parish Church of Holy Trinity Southchurch

Annual Report and Accounts for the year ended 31 December 2024

Report of the Parochial Church Council

Aim and purposes

Holy Trinity’s Parochial Church Council (PCC) has the responsibility of cooperating with the incumbent in promoting in the ecclesiastical parish the whole mission of the church, pastoral, evangelistic, social and ecumenical. Holy Trinity Church was in an interregnum until April 2024 when the Revd. Claire Abraham was appointed Priest in Charge at Holy Trinity and at St Mary’s North Shoebury.

The PCC is also specifically responsible for the maintenance of the Church and its other buildings.

Objectives and activities

The PCC is committed to enabling as many people as possible to worship at our church and to become part of our parish community. The PCC maintains an overview of worship throughout the parish and makes suggestions about how our services can involve the many groups that live within our parish. Our services and worship put faith into practice through the celebration of the sacraments, prayer and scripture, and a rich musical tradition.

When planning our activities for the year, we have considered the Charity Commission’s guidance on public benefit and the supplementary guidance on charities for the advancement of religion. In particular, we try to enable ordinary people to live out their faith as part of our parish community through:

To facilitate this work, it is important that we maintain the fabric of the church of Holy Trinity and its church hall and keep the church on a sound financial footing.

2

The Parish Church of Holy Trinity Southchurch

Annual Report and Accounts for the year ended 31 December 2024

Report of the Parochial Church Council

Achievements and performance

Worship and prayer

The PCC is keen to offer a range of services during the week and over the course of the year that everyone in our community finds both beneficial and spiritually fulfilling.

Opportunities are provided for people to engage in a more modern form through the Sunday morning Sung Eucharist, which uses contemporary language and is supported by our parish choir. We provide opportunities for traditional and reflective services each week through our 8am Holy Communion and 6:30pm Evensong, both using the traditional form of words from the Book of Common Prayer. Our weekly Wednesday Holy Communion at 10am provides an opportunity for people who cannot attend at the weekend, as well as an opportunity for those who attend on Sunday to grow in their prayer life throughout the week.

Our provision for children has been enhanced in two ways. Each month we hold a multisensory and interactive Children’s Service with Eucharist, with craft activities, ageappropriate Bible readings and songs. In addition the Sunday morning Eucharist uses a different format on one Sunday each month to provide all age worship for everyone in our community.

All are welcome to attend our services. At present there are 68 parishioners on the church electoral roll, of whom 53 live outside the parish. The average Sunday attendance, counted during October, was 56 including 5 children. The number of communicants at Christmas was 30, with a total of 301 attending. Our Christingle service attendance was 244, along with our usual carol services for Southend High School for Girls, Thorpe Hall School, and Hamstel Junior School. During Advent, the total number of people attending special services held for the congregation and the local community was 166 and the total number of people attending special services held specifically for civic organisations or schools was 710. Holy Week and Easter were celebrated in church. The number of communicants on Easter Day or Easter Eve was 60, with a total of 99 attending.

As well as our regular services, we enable our community to celebrate and thank God at the milestones of the journey through life. Through baptism we thank God for the gift of life; in marriage public vows are exchanged with God’s blessing; through funeral services friends and family express their grief and give thanks for the life which is now complete in this world, and commend the person into God’s keeping. In 2024 we celebrated one baptism and one wedding. We also held three funerals and one memorial service in our church and conducted eight burials of ashes.

Throughout the year we were supported by our dedicated Director of Music, Roger Humphrey, and our volunteer choir. They continue to serve us by helping maintain a weekly

3

The Parish Church of Holy Trinity Southchurch

Annual Report and Accounts for the year ended 31 December 2024

Report of the Parochial Church Council

pattern of sung services. We are delighted that, in keeping with our musical traditions, our worship is still enhanced from time to time by the choir leading a full Choral Evensong and through the Service of Nine Lessons and Carols each Christmas. We are now unique in offering such a pattern of worship in Southend.

Mission and evangelism

2024 was a special year at Holy Trinity as we celebrated with our local community the 200[th] anniversary of the donation of Southchurch to Canterbury Cathedral. Our mission this year reflected that through a number of wonderful events including:

We also seek to welcome our local community to the church on a regular basis throughout the year. Each month we hold our ‘Rainbow Refresh’ Open Church, where we can enjoy seeing the church being used by multiple generations - all sharing our sacred space and enjoying homemade cake, craft and toys. The number of attendees of all ages has been very encouraging.

In September 2024, Mother Claire and a team of volunteers started our new toddler group, Trinity Teenies. Babies and children up to the age of five, accompanied by their parents/carers, are welcomed into the Church Hall each Monday morning during school termtime, where play, conversation and refreshments are enjoyed in a friendly and relaxing environment. Activities enjoyed include sand play, role play in our kitchen/shopping area, fun with ride on vehicles, puzzles, dinosaurs, cars, books and a dedicated area for babies to play. Once per term part of the session takes place in church, with an interactive seasonal activity on offer. Attendance numbers have grown quickly, with around 15-20 children attending most weeks and sometimes more! Many are now regular attendees with some also attending other church events.

Christmas provides Holy Trinity with a wonderful opportunity to share our faith with the local community. We are delighted that four local schools chose to come to Holy Trinity to hold their school carol services or for Christingle making, a tour of the church and Advent activities. Our Crib Service with Christingles on Christmas Eve continues to be very well supported. Through these Advent and Christmas services and events we welcomed over 700 children to the church.

4

The Parish Church of Holy Trinity Southchurch

Annual Report and Accounts for the year ended 31 December 2024

Report of the Parochial Church Council

We also had a magical time at All Hallows’ Eve. We filled the church with candlelight and carved pumpkins with Christian symbols, with the pathway also lit with candles hanging from trees, lanterns and pumpkins. We welcomed approximately 80-90 children into our church.

During the summer holidays we provided two ‘fun days’ for the local community in our church, hall and garden, with a range of activities for children of all ages.

Helping those in need is a demonstration of our faith. During the year we have raised money for Embrace, Harp, Safer Places, Christian Aid and the Children’s Society. Following on from the great support for the Southend Foodbank, we have continued regularly supporting them with ongoing collections of food from the congregation with a carboy available for those who wish to donate cash. This has been very well supported.

We also have a website, an email newsletter, and a Facebook page. Together with the What’s On leaflet distributed at services each week, these keep our parishioners and wider community informed of the important matters affecting our church and articles that help develop our knowledge and trust in Jesus.

Church fabric

As noted in the Quinquennial Inspection of May 2022, the church building is in good condition. As a result, only minor repairs were necessary in 2024. These included the repair of a lightning conductor, with maintenance work to roofing and rainwater goods carried out in early 2025.

The Church Hall was regularly used both by the church and by outside groups. During the week, in addition to the Tuition Pod, the hall was hired by Active Lives for multiple sessions per week and Everyone Health. The hall was also used weekly by Guides, Rainbows, and Brownies. The PCC discussed the best way of securing the long-term future of the church hall, as it continues to need major improvements. The lobbies to the hall, including the flat roofs to the lobbies, were renovated in 2024. The PCC is very grateful to a group of local volunteers who carried out vital maintenance work, including to the hall’s rainwater goods. The group also made major improvements to the church hall garden and to areas of the churchyard near to the hall.

The School House is tenanted under a Fixed Term (12 months) Tenancy Agreement. Maintenance costs have been minor in recent years but the PCC noted that significant work will be needed in 2025, including to the windows.

5

The Parish Church of Holy Trinity Southchurch

Annual Report and Accounts for the year ended 31 December 2024

Report of the Parochial Church Council

Social

The Wednesday coffee morning follows the 10am Holy Communion and continues to be well attended. Lent Lunches are held in church from Ash Wednesday throughout Lent, with all donations going to Christian Aid.

We are delighted that many of our social activities through the year are shared with our friends from St Mary’s North Shoebury. These include:

Deanery Synod

Two members of the PCC sit on the Southend Deanery Synod. This provides the PCC with a link with the churches around us and with the Diocese as a whole. It also receives reports from the General Synod.

Deanery Synod meetings are held up to three times a year, chaired by the Area Dean, Revd. Canon Louise Williams. The June 2024 meeting was held at Holy Trinity Southchurch, and the speaker was the Diocesan Chief Executive Officer who explained the Diocesan finances, including the importance of giving, the Parish Share, and the costs of a stipendiary vicar. In November the Synod held its meeting at St Peter’s, Westcliff, and the guest was the Director of the Chelmsford Diocesan Board of Education, which supports C of E schools, including St Mary’s School, Prittlewell.

Safeguarding

Holy Trinity takes seriously its responsibility to protect and safeguard the welfare of all its congregation. Safeguarding is on the agenda of each PCC meeting, and PCC members, as charity trustees, are required to familiarise themselves with church policy documents, to undertake Safeguarding training and have a DBS check every three years. The Parish Safeguarding Officer (PSO) arranged for DBS checks for several PCC members to be renewed in the past year.

The PSO completed the Safer Recruitment course on Zoom and arranged Safeguarding training for members of the congregation who volunteered to help with the new Toddler group, school visits and school carol services. The parish safeguarding policy was reviewed and agreed by the PCC. This and other safeguarding information is on display in the church, church hall, and on our website. Two matters of safeguarding concern were raised in the past year, and advice sought from the Diocesan Safeguarding Team with no further action needed.

6

The Parish Church of Holy Trinity Southchurch

Annual Report and Accounts for the year ended 31 December 2024

Report of the Parochial Church Council

Pastoral care

Some members of our parish are unable to attend church due to sickness or age. Church members who have requested to celebrate communion at their home, are visited regularly.

We maintain a GDPR compliant pastoral contact list, which enables us to be more intentional with our pastoral care. It also allows people to tell us exactly how they would like to be contacted and supported. Everyone who provided consent in the parish has received regular contact throughout the year through email, telephone call, or letter. We are unable to provide pastoral care without explicit consent.

Our fortnightly e-newsletter for all who would like to receive it, maintaining contact with parishioners.

Financial review

During 2024, expenditure was up, and income down. However if it were not for the £50,000 legacy we received in 2023, income would be very slightly up. Total receipts on unrestricted funds were £87,274 of which £43,673 was voluntary income from parishioners, including £10,444 from Gift Aid. Unrestricted donations of £8,293 were received, and restricted donations of £2,805 were also received, these were given towards various charities and appeals. The School House provided an income of £7,356.

Of the voluntary income, £29,992 was through the Parish Giving Scheme (PGS), which also collected £7,498 of the Gift Aid we received. The PGS is now our largest form of regular income.

The amount raised by fundraising was £1,872, down from £2,362 in 2023.

The parish share in 2024 was £48,500, which we paid in full. Expenditure on the church building was £3,610, up from £602 in 2023.

Other expenditure was generally as those of 2023, with £90,637 spent on activities relating to the work of the church, £3,586 donations given to other charities, £1,609 on church administration, and £2,576 on redecorations etc to the Rectory.

7

The Parish Church of Holy Trinity Southchurch

Annual Report and Accounts for the year ended 31 December 2024

Report of the Parochial Church Council

Reserves policy

The policy of the PCC is:

Structure, governance and management

The Parochial Church Council is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure. The method of appointment of PCC members is set out in the Church Representation Rules. The Council comprises the Incumbent, the Churchwardens, those elected to the Deanery Synod, and other members who are elected at the Annual Parochial Church Meeting. All those who attend our services/members of the congregation are encouraged to register on the electoral roll and are eligible to stand for election to the PCC.

The PCC members are responsible for making decisions on all matters of general concern and importance to the parish, including deciding on how the funds of the PCC are to be spent.

The full PCC met 9 times during the year with an average level of attendance of 90%.

Additionally, the PCC has appointed members to manage and report to them on specific matters, both forming permanent items on each PCC meeting agenda:

All contractors working in or on the church and church hall, and hirers of the church or hall, are required to comply with both our Health & Safety Policy and our Safeguarding Policy, which follow the guidance and requirements of our Diocese.

The minutes of PCC meetings are available to be read by anyone on the electoral roll upon request.

8

Thè Parish Church of Holy Trinity Southchurch Annual Report and Accounts for the year ended 31 December 2024 Report of the Parochial Church Council Administrative information Holy Triniry Church is situated in Southchurch Boulevard, Southend-on-sea. Ir is parr of the Bradwell Episcopal Area, Southend Archdeaconry, Southend Deanery and the Diocese of Chelmsford, within the Church of England. The PCC is a body corporate (PCC Powers Measure 1956 and the Church Representation Rules 2022} and a Charity excepted from registracion with the Charity Commission. The correspondence address is". Email: Telephone: The Rectory, Pilgrims Close, Southend on Sea, Essex SS2 4XF hotytriniry50uthchur¢h@gmail.com 01702 597 596. PCC members who have served from I st January 2024 until the date this report was approved were: Ex officio members: Incumbent.. The Revd Claire Abraham (Installed April 2024) Churchwardens: Linda Wonnacott Jane Payn Deanery Synod Rep: Jenny Butler (Elected for a three-year term ending May 2026) Elected members For o three-year Period ending Moy 2025 Pearl Bailey Richard Mantell Paul Schurer Treasurer to the PCC For a three-year period enth'ng Moy 2026 Jan Axcell Rosemary Humphrey Sandra Evan5 LLM (Co-opted June 2024) Michael Penry (Co-opted November 2024) Approved by the PCC on 23° April 2025 and signed on its behalf br. Revd. Claire Abraham (Chair) Paul Sehurer (freasurer)

The Parish Church of Holy Trinity Southchurch

Annual Report and Accounts for the year ended 31 December 2024

I N D E P E N D E N T E X A M I N E R ' S R E P O R T T O T H E P A R O C H I A L C H U R C H C O U N C I L O F H O L Y T R I N I T Y S O U T H C H U R C H

Year ended 31 December 2024

I report on the accounts of the Trust for the year ended 31 December 2024, which are set out on pages 11 to 17.

Responsibilities and basis of report

As the charity trustees (the member of the Parochial Church Council) of the Trust 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 Trust’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 Trust 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.

J K Kidgell ACA CTA 33 Crosby Road Westcliff-on-Sea Essex SS0 8LF

April 202523

10

The Parish Church of Holy Trinity Southchurch

Annual Report and Accounts for the year ended 31 December 2024

S T A T E M E N T O F F I N A N C I A L A C T I V I T I E S

Year ended 31 December 2024

Note
Incoming resources
Voluntary income from parishioners
1(a)
Other voluntary incoming resources
1(b)
Incoming resources from operating activities to
further the Council's objectives
1(c)
Income from investment
1(d)
Total incoming resources
Resources expended
Activities directly relating to the work of the
church
2(a)
Grants and donations
2(b)
Costs of generating funds
2(c)
Church administration
2(d)
Total resources expended
Net incoming / (outgoing)
Gains on investment assets on revaluation
Net movements in funds
Balances brought forward
At 1 January 2024
Transfers between funds
Balances carried forward at
31 December 2024		 General
Fund
Restricted
Funds
Total
2024
Total
2023
£
£
£
£
43,673
-
43,673
40,679
10,165
2,970
13,135
61,429
21,101
-
21,101
23,333
12,335
123
12,458
10,836
87,274
3,093
90,367
136,277
50,154
40,483
90,637
78,239
-
6,279
6,279
2,794
-
441
441
285
38
1,571
1,609
1,210
50,192
48,774
98,966
82,528
37,082
(45,681)
(8,599)
53,749
11,228
-
11,228
34,976
48,310
(45,681)
2,629
88,725
479,087
63,112
542,199
453,474
-
-
-
-
527,397
17,431
544,828
542,199

The notes on pages 14 to 17 form part of these financial statements.

11

The Parish Church of Holy Trinity Southchurch Annual Report and Accounts for the year ended 31 December 2024 BALANCE SHEET Year ended 31 December 2024 Note 2024 2023 Fixed assets Tangible fixed assets Invesrment assets 364.264 135,913 356.077 132.872 500,177 488.949 Current assets Tax recoverable Debtors and prepayments Cash at bank and bn hand 785 3.875 40,792 839 3.276 49.514 45,452 53.629 Credltors: . amounts fallln8 due wlthin one year 1801) {379J Nèt ¢urrent assets 44.651 53,250 Total a55ets les5 current liabilities 10 544,828 542.199 Repr•sent•d by: General Fund Restrictgd Funds 527,397 17,431 479,087 63,112 544,828 542.199 The financial statements on pages I I to 17 were approved by the Parochial Church Council on 23 April 2025 and were signed on its behalf br. Revd. Claire Abraham (Chair) The notes on pages 14 to 17 form part of these financial statements.

The Parish Church of Holy Trinity Southchurch

Annual Report and Accounts for the year ended 31 December 2024

A C C O U N T I N G P O L I C I E S

Year ended 31 December 2024

The accounts (financial statements) have been prepared under the Church Accounting Regulations 2006 together with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities (FRSSE), and the Charities Act 2011 and applicable regulations. The financial statements have been prepared under the historical cost convention except for 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 operate independently and/or owe their main affiliation to another body nor those that are informal gatherings of Church members.

Funds

The unrestricted funds of the PCC are not subject to any restrictions regarding their use and are available for application for the general purposes of the PCC.

The restricted funds of the PCC are subject to restrictions imposed by the donee at the time the funds were given to the PCC.

The financial statements include 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 or those that are informal gatherings of church members.

Incoming resources

Collections are recognised when received by or on behalf of the PCC. Planned giving receivable under Gift Aid is recognised when received from the parishioner. The income tax recoverable on these Gift Aid donations is recognised at the same time as the underlying donation.

The PCC is a member of the Parish Giving Scheme (PGS). The PGS is a separate charity that receives giving on behalf of the PCC by direct debit, and returns the giving to the PCC together with any Gift Aid. The amounts returned to the PCC are included in 1(a) as 'Planned giving under Gift Aid', or 'Other planned giving' as appropriate. Similarly the Gift Aid claimed by the PGS and returned to the PCC is included 1(a) as 'Income Tax recoverable on Gift Aid'.

Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement, the amount due is quantifiable and its ultimate receipt by the PCC is reasonably certain. Funds raised from activities to further the council’s objectives are accounted for gross of expenses met by the PCC. Dividends and interest are included on the receipts basis.

Resources expended

Expenditures is accounted for on an accruals basis. Grants and donations are accounted for in the accounting period in which approved.

Fixed assets

Consecrated land and buildings and moveable church furnishings

Consecrated and beneficed property is excluded from the accounts by S.10(2)(a) and (c) of the Charities Act 2011. Moveable church furnishings held by the Rector and Churchwardens on special trust for the PCC and which require a faculty for disposal, are accounted for as inalienable property unless consecrated. All expenditure in the year on consecrated or beneficed buildings and moveable church furnishings, whether maintenance or improvement, is written off as incurred.

Tangible fixed assets

The tangible fixed assets, comprises the School House and the Church Hall. The School House is stated at its insurance valuation and is revalued annually. The PCC consider the insurance valuation to be approximately equal to the open market value of the property.

The Church Hall is stated at a nominal valuation as significant costs are involved in assessing its value in continuing use to the PCC. These costs are considered onerous compared to the additional benefit derived by users of the accounts in assessing the PCC’s stewardship of the Church Hall.

Investment assets

Investments are stated at their market value, and are revalued annually.

Other equipment

All equipment used by the PCC is depreciated on a straight line basis over 4 years. Individual items of equipment with a purchase price of £1,000 or less are written off in the period in which the asset is acquired.

13

The Parish Church of Holy Trinity Southchurch

Annual Report and Accounts for the year ended 31 December 2024

N O T E S T O T H E F I N A N C I A L S T A T E M E N T S

Year ended 31 December 2024

1.
INCOMING RESOURCES
(a) Voluntary income from parishioners
Planned giving under Gift Aid
Income tax recoverable on Gift Aid
Other planned giving
Collections at services
(b) Other voluntary incoming resources
Donations, appeals, etc
Legacies
Grant income
Fundraising
(c) Incoming resources from operating activities
to further the Council's objectives
Church Hall and Church rents
Fees paid to the PCC
(d) Income from investments
Dividends
Rent
Other interest receivable
Total incoming resources		 General
Fund
Restricted
Funds
Total
2024
Total
2023
£
£
£
£
31,452
-
31,452
29,238
10,444
-
10,444
9,966
1,777
-
1,777
1,475
-
-
-
-
43,673
-
43,673
40,679
8,293
2,805
11,098
7,652
-
-
-
50,000
-
165
165
1,415
1,872
-
1,872
2,362
10,165
2,970
13,135
61,429
14,694
-
14,684
17,861
6,407
-
6,407
5,472
21,101
-
21,101
23,333
4,635
123
4,758
2,905
7,700
-
7,700
7,660
-
-
-
271
12,335
123
12,458
10,836
87,274
3,093
90,367
136,277

14

The Parish Church of Holy Trinity Southchurch

Annual Report and Accounts for the year ended 31 December 2024

N O T E S T O T H E F I N A N C I A L S T A T E M E N T S

Year ended 31 December 2024

2.
RESOURCES EXPENDED
(a) Activities directly relating to the work of the
church
Parish Share
Expenses of Ministry – Clergy expenses
Power, insurance and cleaning
Church repairs and renewals
Upkeep of services
Church Hall running expenses
Church Hall repairs and renewals
School House repairs and renewals
Rectory expenses
Director of Music, choristers, locum priest, organist
(b) Grants and donations
Missionary services
Relief and development
(c) Cost of generating funds
Fund raising expenses
(d) Church administration
Stationery printing and administrative expenses
Photocopier maintenance
Total resources expended		 General
Fund
Restricted
Funds
£
£
48,500
-
-
-
(80)
14,735
-
3,610
-
3,992
-
2,395
-
7,905
(4)
344
-
2,576
1,738
4,926		 Total
2024
Total
2023
£
£
48,500
49,500
-
-
14,655
12,744
3,610
602
3,992
2,376
2,395
3,891
7,905
1,054
340
425
2,576
182
6,664
7,465
50,154
40,483		 90,637
78,239
-
3,586
-
2,693		 3,586
2,794
2,693
-
-
6,279		 6,279
2,794
-
441		 441
285
38
1,571
-
-		 1,609
1,080
-
130
38
1,571		 1,609
1,210
50,192
48,774		 98,966
82,528
2024
£
2023
£
3,695
3,550
440
125
106
64
-
-
1,938
3,256
485
470
3.
STAFF COSTS
Director of Music
Choristers
Licenced Lay Minister
Verger
Locum Priest
Locum Organist
6,664
7.465

15

The Parish Church of Holy Trinity Southchurch

Annual Report and Accounts for the year ended 31 December 2024

N O T E S T O T H E F I N A N C I A L S T A T E M E N T S

Year ended 31 December 2024

4.
TANGIBLE FIXED ASSETS
The School House
Valuation at 1 January 2024
Revaluation in the year
Valuation at 31 December 2024
The Church Hall
Valuation at 1 January and 31 December 2024
Total
The freehold land and buildings represent the School House and the Church Hall.		 2024
£
2023
£
356,076
331,850
8,187
24,226
364,263
356,076
1
1
364,264
356,077

132,872
97,122
-
25,000
3,041
10,750
5.
INVESTMENT ASSETS
Valuation at 1 January 2024
Addition
Revaluation in the year
Valuation at 31 December 2024
135,913
132,872

6. TAX RECOVERABLE

The amount shown as tax recoverable has been reclaimed from HM Revenue & Customs.

7.
DEBTORS AND PREPAYMENTS
Other debtors
Prepayments		 -
275
3,875
3,001
3,875
3,276
23,493
19,804
17,299
29,208
-
-
-
502
8.
CASH AT BANK
CBF Deposit Account
The Cooperative Bank – current account
Other current accounts
Cash in hand
40,792
49,514

16

The Parish Church of Holy Trinity Southchurch

Annual Report and Accounts for the year ended 31 December 2024

N O T E S T O T H E F I N A N C I A L S T A T E M E N T S

Year ended 31 December 2024

9.
CREDITORS - DUE WITHIN ONE YEAR
Creditors
Accrued expenses		 2024
£
2023
£
-
-
801
379
801
379
Total
2024
Total
2023
£
£
500,177
488,949
45,452
53,629
(_801)
(379)_
10.
ANALYSIS OF NET ASSETS BY FUND
Fixed assets
Current assets
Creditors due within one year
Net assets		 General
Fund
Restricted
Funds
£
£
500,177
-
28,021
17,431
(801)
-
527,397
17,431		 544,828
542,199

11. FUND DETAILS

The Restricted Funds at 31 December 2024 of £17,431 (2023 - £63,112) are held for the following purposes:

Church buildings

Held for the maintenance and upkeep of the fabric of the Church buildings. Balance at 31 December 2024 £4,721 (2023- £8,472 )

Choir and Church Music

Held to provide music at church services. Balance at 31 December 2024 £6,082 (2023 - £6,212)

Whickman Legacy

Held for any purpose other than paying the parish share. Balance at 31 December 2024 £6,628 (2023 - £48,428)

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