OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2021-12-31-accounts

The Parochial Church Council of The Ecclesiastical Parish of St John Buckhurst Hill Report and Accounts

year ended 31st December 2021

ST JOHN'S CHURCH, BUCKHURST HILL

CHARITY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2021

Members of the Parochial Church Council Revd Dr Ian Farley Team Rector
Steve Bacon Church Warden
Veronica Turner Church Warden
Peter David Gascoigne Elected Member and Treasurer
James Hart Elected Member
Amanda Bairstow Elected Member
Terence Owen Elected Member
Robert Smith Elected Member
Robert Way Elected Member
Victor Sams Elected Member
Katherine Loe Co-opted Member
Julie Willis Co-opted Member (Resigned April 2021)
Key Staff Julie Willis Operations Manager until April 2021
Charity Registration Number 1127607
The PCC is a registered charity within the Anglican Diocese of Chelmsford.
Principal Address St John's Church Parish Office
High Road
Buckhurst Hill
Essex IG9 5RX
Independent Examiner Archie McDowall BA, CA
Stewardship
1 Lamb's Passage
London
EC1Y 8AB
Bankers Barclays Bank plc
Contents Page
Charity Information 2
Annual Report of the Members of the Parochial Church Council 3 - 7
Independent Examiner's Report 8
Statement of Financial Activities 9
Balance Sheet 10
Notes to the Accounts 11 - 19
Detailed Statement of Financial Activities with Comparatives 20

Page 1

ST JOHN'S CHURCH, BUCKHURST HILL

ANNUAL REPORT OF THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL

FOR THE YEAR ENDED 31 DECEMBER 2021

The Members of the Parochial Church Council (the 'PCC'), who are the charity's trustees for the purposes of charity law, have pleasure in presenting their report together with the financial statements for the year.

Objects of the charity

The charity is responsible in promoting in the ecclesiastical parish, the whole mission of the Church be it pastoral, evangelistic, social or ecumenical. The PCC is also responsible for maintaining church property situated within the parish.

The objective of the church is to follow Jesus Christ. To know what that means for us we pray and listen to Holy Scripture. The usual context for both these is corporate worship. Strategies for achieving this objective are:

Summary of the charity's main activities and achievements

To further the above objects and vision, the charity's main activities and achievements were as follows:

As we have moved out of COVID the church has returned to on-site physically present services. As with other churches we have seen a decline in attendance of about 25%. Sunday school classes have reduced from four classes, pre-COVID, to two and attendance is more sporadic. Those who have returned, both adults and children, are delighted to be together and back in the building. Currently we have a live stream for those at home.

Active discipleship is encouraged through homegroups that meet throughout theweek. Weseek to persuade every Sunday worshipper to join such a group. Currently there are eight groups attracting about half the Sunday congregations. Bible study and prayer are the focal activities and we trust to see close friendships formed to enable help in time of need to be demonstrated. We havecentralised our home groups so that all groups study the same material and we have introduced a very successful Church Night once a month when the home groups all join together.

Page 2

ST JOHN'S CHURCH, BUCKHURST HILL

ANNUAL REPORT OF THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL

FOR THE YEAR ENDED 31 DECEMBER 2021

We seek to further deepen our understanding of the christian faith and practical outworking of that faith in our lives through encouraging more special times ofprayer. Almost every week a variety of prayer experiences are offered: Celtic prayer, Soaking in the spirit, Healing prayer. We also vary theway intercessions are donein the main morning service to include more of the congregation in the act of prayer.

Wetrust thegrowth in personal discipleship must overflow into acts of servicein our local community. There is support for a local foodbank; volunteers help run a school for excluded children; other volunteers help run a group for dementia sufferers and their carers which has expanded this year to includea lunch provided in our church hall; other church members volunteer as trustees and governors for various charities and schools. We host and run an Arts and Craft group for people with mental health issues and actively support a nearby orphanage. We also provide a debt conselling service.

Our acts ofservicealso extends to thesupport ofour overseas mission work. We haveset up a Mission Matters team which has been introduced to the church and actively displays information of thecharities thechurch supports. The team also encourages church members to take a broader interest and support of mission activity.

COVID - 19

Throughout 2021 there has been a mix of different provision depending on Government restrictions, or not, of public worship. St John’s has remained open wherever possible but with the additional provision of live streamed services and additional streaming of prayer times. Personal support by church members ofchurch members and neighbours has remained high throughout the year.

Evangelistically it has been a priority to “open thedoors” ofthechurch to our community after theprolonged period of closure. We held a Harvest Open Day in September which enabled members of the community to come in and meet us and other key local organisations. Our Christmas carols were outdoor again this year (although preceded by tea and cake in the church) which was very popular. We have also restarted our stay and play toddler group, LittleFishes, which has proved to bea great success and wenow regularly see between 2530 children and their parents and carers every week.

Most the charity's activities are undertaken by volunteers and the charity could not operate effectively without their efforts.

In planning the activities the PCC have applied the guidance on public benefit issued by the Charity Commission.

Page 3

ST JOHN'S CHURCH, BUCKHURST HILL

ANNUAL REPORT OF THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL

FOR THE YEAR ENDED 31 DECEMBER 2021

Structure, Governance and Management

The charity is registered with the Charity Commission and operates under the Charities Act 2011. The governing documents for thecharity arethe Parochial Church Councils (Powers) Measure1956 (as amended) and the Church Representation Rules.

The appointment of PCC members is governed by, and set out in, theChurch Representation Rules. ThePCC comprises ex-officio members (which includes clergy and churchwardens), elected members and co-opted members. The PCC organise elections annually before the Annual Parochial Church Meeting (APCM) to fill vacancies.

Responsibility for setting policy and for determining theparameters within which thecharity should operate rests with the PCC who meet regularly to monitor the activities of the charity. Responsibility for the day to day operation of the charity has been delegated to a management team led by the incumbent.

Financial review

During 2021 the charity’s income fell by £3K to £269K and expenditure decreased by £21k, to £292K. As a result the deficit for the year was £23k (2020:deficit £40K) and the charity's net assets reduced by £23K to £2,496K.

Grant making policies

ThePCC is committed to theBiblical Titheof10% ofgross income. This amount is set aside each year and used primarily to fund regular and ad hoc grants to Christian mission work at home and overseas.

Reserves policy

ThePCC havedetermined that thecharity should aim to hold cash in unrestricted general funds ofno less than £71k (which equates to about 3 months' of unrestricted running cost) so that the charity could continueto operate should income and / or expenditure vary adversely. At the year end, the charity held unrestricted general cash of £17k with additional access to discretionary funds cash balances which are not legally restricted. Therefore the Trustees are confident they are complying with the reserves policy.

The charity held cash of £1,911K in designated funds. Of this £1,619k is held in a Site Development fund, which was created from the proceeds of the sale of a property in 2018. The Building Committee will be discussing initial plans for a building project with architects during 2022; this project is likely to span several years.

Page 4

ST JOHN'S CHURCH, BUCKHURST HILL

ANNUAL REPORT OF THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL

FOR THE YEAR ENDED 31 DECEMBER 2021

Plans for the Future

The PCC has adopted, unanimously, and presented to the church a 5 year vision to see St John’s grown both spiritually and in engagement with the Parish. Two key components of this vision are:

1)The creation of a staff team. Three posts in particularly are being established namely, an Associate Minister, a Children and Families worker and a Youth Worker. We hope all three will be appointed in 2022 though this depends on the whole church supporting the vision.

2) To moveon with the re-development of thesite to make it suitable for the ministry we wish to pursue. This building programme will include new rooms within the church at the East End and a replacement of the current church halls with a new two storey church centre

Weintend to develop our technological facilities to reach out to thosewho arenot yet able or ready to return to in-person church. We also intend to be more purposeful in our communication with our wider community, improving our website, use of social media channels and making our sermon series moreaccessible. Thereis also an intention to build on our successful engagements of last year by running an enhanced open day over our Patronal Festival, we will be involved in thelocal celebrations for theJubilee and taking theopportunity where ever possible to put our church at the heart of its Parish.

With such a lot ofactivity on site it is still planned to develop thechurch and church centreinto spaces more suited for thelifeofthechurch today. Consultation across thechurch has been held and a Building committee set up to explore options . This will be ongoing work throughout the year ahead and beyond.

Key risks and uncertainties

The charity is exposed to various risks - be they operational, financial or reputational. The PCC review the charity's activities regularly to identify significant risks and, wherepossible, they takeappropriate measures to mitigate those risks.

Other matters

With regard to the PCC’s obligations to safeguard children and vulnerable adults, the members of the PCC confirm that they have complied with their duties under section 5 of the Safeguarding and Clergy Discipline Measure 2016.

The last quinquennial inspection was held in August 2019 for which all significant works required to be actioned by the Trustees have now been completed.

Page 5

ST JOHN'S CHURCH, BUCKHURST HILL

ANNUAL REPORT OF THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL

FOR THE YEAR ENDED 31 DECEMBER 2021

Statement of Responsibilities of the Members of the Parochial Church Council

The PCC is responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Charity law requires the PCC to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charity as at the balance sheet date and of its incoming resources and application of resources for the financial year. In preparing these financial statements, the PCC arerequired to:

  1. select suitable accounting policies and apply them consistently;

  2. observe the methods and principles in the Charities SORP;

  3. make judgements and estimates that are reasonable and prudent;

  4. statewhether theapplicableaccounting standards havebeen followed, subject to any material departures

disclosed and explained in the financial statements; and

  1. prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The PCC is responsible for keeping proper accounting records that disclose with reasonable accuracy at any timethefinancial position ofthecharity and enablethem to ensurethat the financial statements comply with theCharities Act 2011 and theCharity (Accounts and Reports) Regulations 2008. They arealso responsiblefor safeguarding theassets ofthecharity and hencefor taking reasonablesteps for theprevention and detection of fraud and other irregularities.

Approval

This report was approved by the PCC and signed on their behalf by:

REV. IAN FARLEY

_______ REV. IAN FARLEY

Date: 21st June 2022

Page 6

INDEPENDENT EXAMINER'S REPORT

TO THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL OF

ST JOHN'S CHURCH, BUCKHURST HILL

('the Charity')

I report to thecharity trustees on my examination oftheaccounts of theCharity for the year ended 31 December 2021 on pages 9 to 20 following, which have been prepared on the basis of the accounting policies set out on pages 11 to 13.

Responsibilities and basis of report

As the charity’s trustees of the [Trust / Charitable Incorporated Organisation] 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 Charity’s accounts carried out under section 145 of theAct and in carrying out my examination I havefollowed all theapplicableDirections given by theCharity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

SincetheCharity’s gross incomeexceeded £250,000 your examiner must be a member ofa body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member ofthe Institute of Chartered Accountants of Scotland which is one of the listed bodies.

I havecompleted my examination. I confirm that no matters have cometo my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Charity 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 theform and content ofaccounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that theaccounts 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.

Archie McDowall BA, CA Institute of Chartered Accountants of Scotland

Stewardship 1 Lamb's Passage London EC1Y 8AB

Date: 23rd June 2022

Page 7

ST JOHN'S CHURCH, BUCKHURST HILL

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 DECEMBER 2021

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investments
6
Other income
7
Total income and endowments
EXPENDITURE ON:
Charitable activities
8
Total expenditure
Net income/(expenditure)
Transfers between funds
15
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
15		 Unrestricted
Funds
£
166,740
79,316
20,400
948
414
267,818
283,169
283,169
(15,351)
-
(15,351)
2,258,592
2,243,241		 Restricted
Funds
£
1,071
108
-
-
-
1,179
8,457
8,457
(7,279)
-
(7,279)
259,500
252,221		 Endowment
Funds
£
-
-
-
-
-
-
-
-
-
-
-
850
850		 Total
Funds
2021
£
167,811
79,424
20,400
948
414
268,997
291,627
291,627
(22,630)
-
(22,630)
2,518,942
2,496,312		 Total
Funds
2020
£
208,167
35,900
20,400
7,751
-
272,218
312,392
312,392
(40,176)
-
(40,176)
2,559,118
2,518,942

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing operations.

Rounding differences of £1 may appear in these acounts.

The notes on page 11 - 19 form part of these accounts.

Page 8

ST JOHN'S CHURCH, BUCKHURST HILL

BALANCE SHEET

AS AT 31 DECEMBER 2021

Note
FIXED ASSETS
Tangible assets
10
CURRENT ASSETS
Debtors
11
Cash at bank and in hand
12
CREDITORS: Amounts falling
due within one year
13
Net current assets / (liabilities)
TOTAL NET ASSETS
FUND BALANCES
15
Unrestricted Funds
General funds
Designated funds
Restricted Funds
Endowment Funds		 Unrestricted
Funds
£
307,839
307,839
29,448
1,927,545
1,956,993
(21,592)
1,935,401
2,243,241
25,855
2,217,386
2,243,241
-
-
2,243,241		 Restricted
Funds
£
230,456
230,456
-
21,766
21,766
-
21,766
252,221
-
-
-
252,221
-
252,221		 Endowment
Funds
£
-
-
-
850
850
-
850
850
-
-
-
-
850
850		 Total
Funds
2021
£
538,295
538,295
29,448
1,950,161
1,979,609
(21,592)
1,958,017
2,496,312
25,855
2,217,386
2,243,241
252,221
850
2,496,312		 Total
Funds
2020
£
546,167
546,167
19,987
1,968,104
1,988,091
(15,316)
1,972,775
2,518,942
35,534
2,223,058
2,258,592
259,500
850
2,518,942

Rounding differences of £1 may appear in these acounts.

The financial statements were approved by the Board of Trustees and were signed on its behalf by:

REV. IAN FARLEY 21st June 2022 ----------------------------------------------------------------------------REV. IAN FARLEY Date Charity number: 1127607

The notes on page 11 - 19 form part of these accounts.

Page 9

ST JOHN'S CHURCH, BUCKHURST HILL

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2021

1 Statutory Information

The Parochial Church Council of The Ecclesiastical Parish of St John Buckhurst Hill is a charity registered with the Charity Commission in England & Wales. The charity's registered number and principal address can be found on the Charity Information page.

2 Accounting Policies

These financial statements are prepared on a going concern basis, under the historical cost convention. The financial statements includeall activities for which the PCC is legally responsible; the activities of informal gatherings of church members and groups that owe their main affiliation to another body and are excluded.

These financial statements have been prepared in accordance with The Church Accounting Regulations 2006, the 'Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordancewith theFinancial Reporting Standard applicablein theUK and Republic ofIreland (FRS 102)' ("theCharities SORP"), with theFinancial Reporting Standard applicablein theUnited Kingdom and Republic of Ireland ("FRS 102") and with the Charities Act 2011. The charity meets the definition ofa public benefit entity as set out in FRS 102.

The Charities (Accounts and Reports) Regulations 2008 (the '2008 Regulations') requires charities to prepare their accounts in accordance with 'Accounting and Reporting by Charities: Statement ofRecommended Practiceeffective from 1 April 2005' but this accounting standard has sincebeen withdrawn and has been replaced by theCharities SORP mentioned in thepreceding paragraph. The charity has prepared these financial statements in accordance with the new Charities SORP; this departure from the 2008 Regulations is believed to be necessary for these financial statements to give a 'true and fair view'.

The principles adopted in the preparation of the financial statements are set out below.

a) Going concern ThePCC haveassessed whether theuseofthegoing concern basis is appropriateand haveconsidered possibleevents or conditions that might cast significant doubt on the ability of thecharity to continue as a going concern. ThePCC havemade this assessment for a period of at least one year from the date of approval of thefinancial statements. In particular the PCC have considered the charity's forecasts and projections and the possible implications should projected income and / or expenditure vary unexpectedly. The PCC have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.

In making this assessment thetrustees haveconsidered theimpact ofCovid-19 and have concluded that its impact on net incomewill not be material.

b) Income

Income(which includes planned giving, collections and other donations) is recognised in the period in which the charity becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part income is generally recognised when it is received by, or on behalf of, the PCC. Income is only deferred when thecharity has to fulfil conditions beforebecoming entitled to it or where the donor has specified that the income is to be expended in a future period.

Incomefrom donations and legacies includes recoverablegift aid, which is recognised when the related donation is received. Gift aid that has not been recovered by the balance sheet date is included as a debtor.

Thecharity relies on volunteers to carry out many ofits activities. However, in accordance with the SORP, the valueof theseservices has not been included in these financial statements as they cannot be reliably measured.

Income from charitable activities represents income receivable from goods, services and facilities supplied in furtherance of the charity's charitable objects.

Income from other trading activities represents income receivable from activities undertaken to generate funds for the charity.

Investment income represents income generated by the charity's assets and includes income from bank interest.

Page 10

ST JOHN'S CHURCH, BUCKHURST HILL

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2021

2 Accounting Policies continued

Expenditure, including irrecoverableVAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be required and the amount of the obligation can be measured reliably.

Contributions in respect of the diocesan parish share are included in the Statement of Financial Activities for all amounts agreed to being payable for the financial year.

The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructiveobligations arise, which is generally when thecharity expresses a commitment to therecipient that can bemeasured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity.

The cost of raising funds is not significant and has not been separately disclosed.

Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.

General funds are unrestricted funds which are available for use at the discretion of the PCC in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the PCC for particular purposes. Restricted funds are donations which areto beused in accordancewith specific restrictions imposed by donors; they includedonations received from appeals for specific activities or projects. Endowment funds aredonations that areretained as capital in accordance with the donor's wishes. Thenature of the restriction determines whether the endowments represent permanent endowments or expendable endowments.

e) Tangible fixed assets Consecrated and beneficed property is not included in these financial statements by virtue of s.10(2) of the Charities Act 2011. All expenditure on consecrated or beneficed buildings is written off in the year in which it is incurred.

Movable church furnishings held by the incumbent and Churchwardens on special trust for the PCC and which require a faculty for disposal are capitalised in accordance with the policy set out below. These items are regarded as inalienable property and are listed in the church's inventory which can be inspected at any reasonable time. Inalienable property acquired prior to 2000 has not been capitalised as there is insufficient cost information available.

Items purchased or donated for the charity's own use arecapitalised when the cost of purchased items, or the fair value ofdonated items, is more than £1,000 and the item is expected to benefit the charity over more than one accounting period. Depreciation is charged on a straight line basis so as to writedown thevalue ofeach asset to its estimated residual value (ifany) over its expected useful economic life. To achieve this objective the following rates of depreciation are charged:

Freehold land Is not depreciated (because it is not consumed by use) Freehold buildings Over 50 years after taking account of the building's residual value Leasehold improvements Over the lease term or, if shorter, expected useful life Equipment Over 3 to 7 years

Thecarrying values of tangiblefixed assets are reviewed for impairment in periods when events or changes in circumstances indicate that the carrying value may not be recoverable.

f) Leased assets Leases which do not transfer substantially all the risks and rewards of ownership to the charity are classified as operating leases. Operating lease payments are recognised as an expense on a straight-line basis over the lease term.

g) Pension scheme arrangements

The charity operates defined contribution pension schemes for its employees (NEST). Obligations for contributions to these schemes are recognised as an expensewhen theliability arises. The assets of theseschemes areheld separately from thoseof thecharity in independently administered funds.

Page 11

ST JOHN'S CHURCH, BUCKHURST HILL

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2021

2 Accounting Policies continued

The charity has taken advantage of the various reliefs from taxation available to charities and no tax is payable on the charity's income.

The charity has taken advantage of an exemption conferred by the Charities SORP and has not prepared a cash flow statement.

j) Critical accounting estimates and areas of judgement Themembers ofthePCC do not consider that thereare any material sources of estimation or uncertainty at thebalance sheet date that could result in a material adjustment to the carrying values of assets and liabilities in the next reporting period.

3 Donations and legacies

Unrestricted
Restricted
2021
2021
£
£
Donations of cash and similar
132
(132)
Legacies receivable
-
-
Income tax recoverable
-
-
132
(132)
4
Income from charitable activities
Unrestricted
Restricted
2021
2021
£
£
St Johns Heating contribution
-
-
Parish/Soul Survivor Weekend
-
-
Statutory Income
-
-
Hall Hire
-
-
-
-
5
Income from other trading activities
Unrestricted
Restricted
2021
2021
£
£
Letting of residential property
-
-
6
Investment income
Unrestricted
Restricted
2021
2021
£
£
Bank interest
39
-
7
Other income
Unrestricted
Restricted
2021
2021
£
£
Other Income
-
-
-
-		 2021
£
137,726
-
30,085
167,811
2021
£
1,700
-
6,491
71,233
79,424
2021
£
20,400
2021
£
948
2021
£
414
414		 2020
£
166,888
5,000
36,279
208,167
2020
£
1,500
-
2,717
31,683
35,900
2020
£
20,400
2020
£
7,751
2020
£
-
-

Page 12

ST JOHN'S CHURCH, BUCKHURST HILL

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2021

8 Charitable expenditure

Unrestricted
Restricted
2020
2020
£
£
a
Church Activities
Church development
-
-
Parish share
-
-
Hall administration
-
-
Other expenditure
-
-
Churchyard and grounds
-
-
Utilities
-
Insurance and security
-
-
Depreciation
-
-
Repairs and maintenance
-
-
Cleaning and caretaking
-
-
Clergy housing expenses
-
-
Sunday school and youth work
-
-
Clergy and ministry expenses
#REF!
-
Evangelism
(127)
127
Church and hall Equipment
-
-
Parish weekend
-
-
#REF!
127
Grants payable (note 8c)
(300)
300
#REF!
427
b
Costs incurred on support & administration
Governance costs
Independent examiner's fee
1,800
-
Over accrual for fees in prior year
-
-
1,800
-
Loan interest and letting fees
-
-
Parish office costs (including salaries)
(1,800)
-
-
-
Total expenditure
#REF!
427
The fee payable to the independent examiner for examining the accounts was £1,800 (2019: £1,680).		 Total
2021
£
-
88,425
8,126
516
4,980
25,681
8,702
7,872
23,145
21,703
418
436
5,431
4,353
8,724
-
208,514
35,950
244,464
1,800
-
1,800
-
45,363
47,163
291,627		 Total
2020
£
5,850
87,464
7,928
1,319
12,667
21,142
9,860
9,522
24,506
14,363
460
1,849
7,569
759
1,083
-
206,340
47,707
254,047
1,800
-
1,800
-
56,545
58,345
312,392
c
Grants payable
Grants for UK and overseas mission
Grants for the relief of poverty
The comparatives for the previous year are as follows:
Grants for UK and overseas mission
Grants for the relief of poverty		 Institutions
£
35,950
-
35,950
Institutions
£
43,576
-
43,576		 Individuals
£
-
-
-
Individuals
£
-
3,831
3,831		 2021
£
35,950
-
35,950
2020
£
43,576
3,831
47,407

Page 13

ST JOHN'S CHURCH, BUCKHURST HILL

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2021

8c Grants payable continued

The charity's principal grants to institutions comprised:

harity's principal grants to institutions comprised:
Mill Grove
LIV Village
IJM
Sparks - Worth Unlimited
Epping Forest MMP
Forest Churches Night Shelter
Other grants individually less than £1,000		 2021
£
6,800
10,800
8,800
3,000
-
6,000
-
35,400		 2020
£
10,800
6,800
8,800
3,000
10,000
4,000
176
43,576

9 Analysis of staff costs, the cost of key management personnel and trustee remuneration and expenses

ysis of staff costs, the cost of key management personnel and trustee remuneration and expenses
Gross wages and salaries
Social security
Pension costs		 2021
£
28,164
-
1,404
29,568		 2020
£
45,955
2,232
48,187

The average monthly number of employees during the year was 2 (2019: 3). Most of the charity's activities are carried out by volunteers.

No staff received salaries at a rate of more than £60,000 per annum.

Thecharity's key management comprisethemembers ofthePCC and the key staff named on theCharity Information page. Total employment benefits payable to key management for the year were as follows:

Employer
Wages &
pension
salaries
contributions
Members of the PCC
Julie Willis (co-opted) (until April 2021)
11,185
571
Other members of key management		 2021
£
11,756
-
11,756		 2020
£
4,235
21,173
25,408

Until April 2021, Julie Willis served as Parish Operations Manager. She received the above payments for serving in that capacity, not for serving as a member of the PCC; these payments are permitted by the charity's governing document.

Ian Farley (who is theclergy member ofthePCC) receives a stipend from theDiocese and so is not an employee; someof theParish Sharepaid to the Diocese is used to help meet thecost ofthese stipends. Ian Farley was provided with accommodation (which is customary for clergy) and the cost of this accommodation to the PCC is disclosed in note6a 'CharitableExpenditure'. Thecharity also reimbursed clergy expenses totalling £3,566 (2020:£4,368) to Ian Farley.

Page 14

ST JOHN'S CHURCH, BUCKHURST HILL

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2021

10 Tangible fixed assets

Cost
At 1 January 2021
Additions
At 31 December 2021
Accumulated depreciation
At 1 January 2021
Charge for the year
At 31 December 2021
Net book value
At 31 December 2021
At 31 December 2020
Land and Buildings comprise:
Residential property held for use by clergy but currently let
St John's Hall
St Stephen's Hall		 Freehold
Land and
Property
£
716,916		 Fixtures,
fittings and
equipment
£
83,165		 Total
2021
£
800,081
- - -
716,916
171,503		 83,165
82,411		 800,081
253,914
7,118 754 7,872
178,621
538,295
545,413
Cost
£
307,000
54,000
355,916
716,916		 83,165
-
754
Accumulated
Depreciation
£
-
54,000
124,621
178,621		 261,786
538,295
546,167
NBV at
31.12.21
£
307,000
-
231,295
538,295

The trustees consider the residual value of the residential property to be very high and have concluded that any provision for depreciation would be immaterial. Consequently no deprecation has been charged.

11 Debtors

ors
Tax recoverable
Other debtors
Prepayments and accrued income
at Bank and in Hand
Cash at bank
Deposit Accounts
Petty cash
itors: liabilities falling due within one year
Trade creditors
Other creditors
Accruals
Building development mortgage		 2021
£
15,671
4,226
9,551
29,448
2021
£
33,293
1,916,779
89
1,950,161
2021
£
14,096
1,250
6,246
-
21,592		 2020
£
10,356
4,220
5,411
19,987
2020
£
22,082
1,945,849
173
1,968,104
2020
£
11,721
760
2,738
98
15,316

12 Cash at Bank and in Hand

13 Creditors: liabilities falling due within one year

Page 15

ST JOHN'S CHURCH, BUCKHURST HILL

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2021

14 Pension commitments

During the year employer’s pension contributions totalling £1,405 (2020: £2,384) were payable to defined contribution personal pension schemes. The pension contributions owing at the balance sheet date were £365 (2020: £606).

15 Funds

During the year the movements in the charity's funds were as follows:

Designated Funds
Clergy Housing
Site Development Fund
Pastoral Care Fund
Associate Minister Fund
Clergy Discretionary Fund
Tithe Fund
a
Parish Halls Activities
a
General Unrestricted Funds
a
Total Unrestricted Funds
Restricted Funds
East Wing Development Fund
Parish Halls
Wardrobe
Organ Repair Fund
Senior Men's Fellowship
Rector's discretionary fund
Other restricted funds		 Opening
balance
2021
£
307,000
1,618,474
2,480
213,000
6,000
12,884
63,220
2,223,058
35,534
2,258,592
10,000
237,574
1,498
735
2,442
86
7,165		 Incoming
resources
2021
£
-
909
-
-
-
-
71,233
72,142
195,676
267,818
-
-
-
-
771
-
408		 Outgoing
resources
2021
£
-
-
-
-
-
(35,400)
(61,982)
(97,382)
(185,787)
(283,169)
-
(7,118)
-
-
(1,088)
-
(251)		 Transfers
in the year
2021
£
-
-
-
-
-
26,691
(7,123)
19,568
(19,568)
-
-
-
-
-
-		 Closing
balance
2021
£
307,000
1,619,383
2,480
213,000
6,000
4,175
65,348
2,217,386
25,855
2,243,241
10,000
230,456
1,498
735
2,125
86
7,322
259,500 1,179 (8,457) - 252,221
Endowment Fund
Aggregate of funds		 850
2,518,942		 -
268,997		 -
(291,627)		 -
-		 850
2,496,312

The transfers referred to above were made for the following reasons:

a) annually the PCC sets aside a proportion of its income (a tithe) for specific purposes; in this respect £19,568 (2020: £23,192) has been transferred from unrestricted general funds and £7,123 (2020:£3,318)from the the Parish Halls Activities Fund to the designated Tithe fund

Page 16

ST JOHN'S CHURCH, BUCKHURST HILL

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2021

15 Funds continued

Purposes of the various funds:

Designated funds

Restricted Funds

Analysis of net assets by fund

The assets and liabilities of the various funds were as follows:

Tangible fixed assets
Debtors
Cash at bank and in hand
Creditors falling due within one year		 General
Designated
funds
funds
£
£
839
307,000
21,366
8,083
16,673
1,910,872
(13,023)
(8,569)
25,855
2,217,386
Unrestricted Funds		 Restricted
funds
£
230,456
-
21,766
-
252,221		 Endowment
funds
£
-
-
850
-
850		 2021
£
538,295
29,448
1,950,161
(21,592)
2,496,312

Page 17

ST JOHN'S CHURCH, BUCKHURST HILL

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2021

15 Funds continued

In the previous year the movements in the charity's funds were as follows:

Designated Funds
Clergy Housing
Site Development Fund
Pastoral Care Fund
Associate Ministers Fund
Clergy Discretionary Fund
Tithe Fund
Parish Halls Activities
General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
East Wing Development Fund
Parish Halls
Wardrobe
Organ Repair Fund
Senior Men's Fellowship
Rector's discretionary fund
Other restricted funds
Endowment Fund
Aggregate of funds		 Opening
balance
2020
£
307,000
1,465,392
1,730
3,000
23,523
105,420
1,906,065
381,862
2,287,927
10,000
244,692
1,498
735
2,442
3,827
7,148
270,341
850
2,559,118		 Incoming
resources
2020
£
-
6,395
-
-
-
33,183
39,578
231,927
271,505
-
-
-
-
427
286
713
-
272,218		 Outgoing
resources
2020
£
-
-
-
(33,400)
(41,265)
(74,665)
(226,175)
(300,840)
-
(7,118)
-
-
(427)
(3,741)
(266)
(11,552)
-
(312,392)		 Transfers
in the year
2020
£
-
146,687
750
213,000
3,000
22,761
(34,118)
352,080
(352,080)
-
-
-
-
-
-
-
-
-		 Closing
balance
2020
£
307,000
1,618,474
2,480
213,000
6,000
12,884
63,220
2,223,058
35,534
2,258,592
10,000
237,574
1,498
735
2,442
86
7,168
259,500
850
2,518,942

Analysis of net assets by fund

In the previous year, the assets and liabilities of the various funds were as follows:

Tangible fixed assets
Debtors
Cash at bank and in hand
Creditors falling due within one year		 General
Designated
funds
funds
£
£
1,594
307,000
14,694
5,292
29,089
1,916,239
(9,842)
(5,474)
35,534
2,223,058
Unrestricted Funds		 Restricted
funds
£
237,573
-
21,926
-
259,500		 Endowment
funds
£
-
-
850
-
850		 2020
£
546,167
19,987
1,968,104
(15,316)
General
funds
£
1,594
14,694
29,089
(9,842)
35,534
2,518,942

16 Transactions with related parties

During the year the charity:

Except for the reimbursement of expenses incurred when acting as agent for the charity, or incurred when serving as clergy or as employees, no expenses were paid to (or for) the members of the PCC.

17 Events since the year end

In February 2022 the PCC voted to make a payment of£10,000 from the TitheFund to assist a local parish church pay its outstanding 2021 Parish Share.

Page 18

ST JOHN'S CHURCH, BUCKHURST HILL

DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES

FOR THE YEAR ENDED 31 DECEMBER 2021

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Income from Investments
6
Other income
7
Total income and endowments
EXPENDITURE ON:
Charitable Activities
8
Total Expenditure
Net income/(expenditure)
Transfers between funds
15
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
15		 General
Designated
2021
2021
£
£
166,740
-
8,083
71,233
20,400
39
909
414
195,676
72,142
185,787
97,382
185,787
97,382
9,889
(25,240)
(19,568)
19,568
(9,679)
(5,672)
35,534
2,223,058
25,855
2,217,386
Unrestricted funds		 Restricted
2021
£
1,071
108
-
1,179
8,457
8,457
(7,279)
-
(7,279)
259,500
252,221		 Endowment
2021
£
-
-
-
-
-
-
-
-
-
850
850		 Total
2021
£
167,811
79,424
20,400
948
414
268,997
291,627
291,627
(22,630)
-
(22,630)
2,518,942
2,496,312		 General
Designated
2020
2020
£
£
207,454
-
2,717
33,183
20,400
1,356
6,395
-
231,927
39,578
226,175
74,665
226,175
74,665
5,752
(35,087)
(352,080)
352,080
(346,328)
316,992
381,862
1,906,065
35,534
2,223,058
Unrestricted funds		 Restricted
2020
£
713
-
-
-
713
11,552
11,552
(10,841)
-
(10,841)
270,341
259,500		 Endowment
2020
£
-
-
-
-
-
-
-
-
-
850
850		 Total
2020
£
208,167
35,900
20,400
7,751
-
272,218
312,392
312,392
(40,176)
-
(40,176)
2,559,118
2,518,942

Rounding differences of £1 may occur

Page 19