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2022-12-31-accounts

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

year ended 31st December 2022

ST JOHN'S CHURCH, BUCKHURST HILL

CHARITY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2022

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 Resigned 24/04/2022
Amanda Bairstow Elected Member Resigned 24/04/2022
Terence Owen Elected Member Resigned 30/04/2023
Robert Smith Elected Member
Robert Way Elected Member
Victor Sams Elected Member Resigned 06/10/2022
Katherine Loe Co-opted Member Resigned 30/04/2023
Melanie Grant Elected Member Appointed 24/04/2022
Wendy Doye Elected Member Appointed 24/04/2022
Marie Thornton Elected Member Appointed 30/04/2023
Paul Bickford Elected Member Appointed 30/04/2023
John Alligan Elected Member Appointed 30/04/2023
Terence Owen Deanery Synod Rep Appointed 30/04/2023

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 Sarah Crispin ACA Stewardship 1 Lamb's Passage London EC1Y 8AB Bankers Barclays Bank plc

Contents Page
Charity Information 1
Annual Report of the Members of the Parochial Church Council 2 - 6
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9
Notes to the Accounts 10 - 18
Detailed Statement of Financial Activities with Comparatives 19

Page 1

ST JOHN'S CHURCH, BUCKHURST HILL

ANNUAL REPORT OF THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL

FOR THE YEAR ENDED 31 DECEMBER 2022

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:

Whilst we have returned to in-person worship we are aware that there is a small section of our community who are either anxious about Covid or who have health problems that mean that a return to church is not possible. We are therefore extending our live stream provision for the rest of the year at least.

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 2022

We seek to further deepen our understanding of the Christian faith and practical outworking ofthat 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; other church members volunteer as trustees and governors for various charities and schools. We also support a debt counselling service. We worked with Volunteer Action Epping Forest to provide a drop in monthly coffee morning for the Ukraine Community to access resources and connect with each other.

Our acts ofservice also extends to the support of our overseas mission work. Wehave a Mission Matters team which has been introduced to the church and actively displays information of the charities the church supports. The team also encourages church members to take a broader interest and support of mission activity.

We opened our church for another successful open day as part of our patronal celebrations in June and were delighted to welcome more clubs and organisations, as well as circa 250 visitors. Our social events have included wine tastings, golf days and prayer evenings and we have been encouraged by the attendance of those who are not regular congregants along side our church family.

As a church we had our first church weekend away for some years due to Covid. 60 people attended Ashburnham Place in September. It was a richly rewarding weekend of renewal.

We were delighted to join in with our community at the Buckhurst Hill Jubilee Celebration at the local football club by providing craft and fun for the children. Equally weprovided a space for prayer and reflection on the Queen’s death. Our Christmas celebrations included two carol services, one for adults and one with moreofa family focus and despitethesnow both were well attended. Our Christmas Evenativity continues to be very successful.

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 2022

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 2022 thecharity’s incomeincreased by £63K to £332K and expenditureincreased by £68k, to £360K. As a result the deficit for theyear was £27k (2021:deficit £23K) and the charity's net assets reduced by £27K to £2,469K.

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 £88k (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 £9k 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 £1,892K in designated funds. Of this £1,640k 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 2023; 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 2022

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) Thecreation ofa staffteam. Wehave now appointed an Associate Minister and wehope to appoint a Youth Worker in 2023.

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 be morepurposeful in our communication with our wider community, improving our website, use of social media channels and making our sermon series more accessible.

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 exploreoptions. Initial faculties havebeen submitted to open up our options for this project and 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 2022

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:

IAN FARLEY

_______ REV. IAN FARLEY

Date: 13th October 2023

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 2022 on pages 8 to 19 following, which have been prepared on the basis of the accounting policies set out on pages 10 to 1223.

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 in England & Wales 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.

Sarah Crispin ACA Institute of Chartered Accountants in England and Wales

Stewardship 1 Lamb's Passage London EC1Y 8AB

Date: 16th October 2023

Page 7

ST JOHN'S CHURCH, BUCKHURST HILL

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 DECEMBER 2022

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
£
197,671
94,096
10,200
23,157
-
325,124
349,805
349,805
(24,681)
1,202
(23,479)
2,243,241
2,219,762		 Restricted
Funds
£
5,163
1,994
-
-
-
7,156
9,940
9,940
(2,784)
(1,202)
(3,986)
252,221
248,235		 Endowment
Funds
£
-
-
-
-
-
-
-
-
-
-
-
850
850		 Total
Funds
2022
£
202,834
96,089
10,200
23,157
-
332,280
359,745
359,745
(27,465)
-
(27,465)
2,496,312
2,468,847		 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

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 10 - 18 form part of these accounts.

Page 8

ST JOHN'S CHURCH, BUCKHURST HILL

BALANCE SHEET

AS AT 31 DECEMBER 2022

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
£
309,865
309,865
25,242
1,901,615
1,926,857
(16,960)
1,909,897
2,219,762
13,150
2,206,612
2,219,762
-
-
2,219,762		 Restricted
Funds
£
223,337
223,337
-
24,898
24,898
-
24,898
248,235
-
-
-
248,235
-
248,235		 Endowment
Funds
£
-
-
-
850
850
-
850
850
-
-
-
-
850
850		 Total
Funds
2022
£
533,202
533,202
25,242
1,927,363
1,952,605
(16,960)
1,935,645
2,468,847
13,150
2,206,612
2,219,762
248,235
850
2,468,847		 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

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:

IAN FARLEY 13th October 2023 ----------------------------------------------------------------------------REV. IAN FARLEY Date Charity number: 1127607

The notes on page 10 - 18 form part of these accounts.

Page 9

ST JOHN'S CHURCH, BUCKHURST HILL

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2022

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 the trustees have considered the ongoing impacts of Covid-19 and haveconcluded that its impact on net income will 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 2022

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 2022

2 Accounting Policies continued

h) Taxation

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

i) Exemption from preparing a cashflow statement

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
2022
2022
£
£
Donations of cash and similar
Legacies receivable
Income tax recoverable
4
Income from charitable activities
Unrestricted
Restricted
St Johns Heating contribution
Church activities including Church Weekend Away
Statutory Income
Hall Hire
5
Income from other trading activities
Unrestricted
Restricted
2022
2022
Letting of residential property
6
Investment income
Bank interest
7
Other income
Unrestricted
Restricted
2022
2022
£
£
Other Income
-
-
-
-		 2022
£
176,166
-
26,668
202,834
2022
£
2,250
14,092
5,905
73,842
96,089
2022
£
10,200
2022
£
23,157
2022
£
-
-		 2021
£
137,726
-
30,085
167,811
2021
£
1,700
-
6,491
71,233
79,424
2021
£
20,400
2021
£
948
2021
£
414
414

Page 12

ST JOHN'S CHURCH, BUCKHURST HILL

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2022

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
Evangelism & community events
Church and hall Equipment
-
-
Grants payable (note 8c)
b
Costs incurred on support & administration
Governance costs
Independent examiner's fee
1,800
-
Parish office costs (including salaries)
-
-
Total expenditure
-
c
Grants payable
Institutions
£
Grants for UK and overseas mission
27,761
Grants for the relief of poverty
-
27,761
The comparatives for the previous year are as follows:
Institutions
£
Grants for UK and overseas mission
35,950
Grants for the relief of poverty
-
35,950
The fee payable to the independent examiner for examining the accounts was £2,160 (2021: £1,800).		 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
Evangelism & community events
Church and hall Equipment
-
-
Grants payable (note 8c)
b
Costs incurred on support & administration
Governance costs
Independent examiner's fee
1,800
-
Parish office costs (including salaries)
-
-
Total expenditure
-
c
Grants payable
Institutions
£
Grants for UK and overseas mission
27,761
Grants for the relief of poverty
-
27,761
The comparatives for the previous year are as follows:
Institutions
£
Grants for UK and overseas mission
35,950
Grants for the relief of poverty
-
35,950
The fee payable to the independent examiner for examining the accounts was £2,160 (2021: £1,800).		 Total
2022
£
140
108,412
8,309
1,602
4,238
32,426
8,709
7,793
31,723
21,325
15,838
1,361
21,009
19,512
641
283,037
27,979
311,016
2,160
46,569
48,729
359,745		 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
45,363
47,163
291,627
Institutions
£
27,761
-
27,761
Institutions
£
35,950
-
35,950		 Individuals
£
-
218
218
Individuals
£
-
-
-		 2022
£
27,761
218
27,979
2021
£
35,950
-
35,950

Page 13

ST JOHN'S CHURCH, BUCKHURST HILL

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2022

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
Five Talents
Open Doors
Forest Churches Night Shelter
Other grants individually less than £1,000
Gross wages and salaries
Social security
Pension costs
ysis of staff costs, the cost of key management personnel and trustee remuneration and expenses		 2022
£
800
6,557
1,200
3,000
4,800
4,800
5,000
1,604
27,761
2022
£
42,925
-
2,228
45,153		 2021
£
6,800
10,800
8,800
3,000
-
-
6,000
-
35,400
2021
£
28,164
-
1,404
29,568

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

The average monthly number of employees during the year was 2.4 (2021: 2). 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.

Up until April 2021 (prior year) , oneco-opted member of thePCC was employed as the Parish Operations Manager receiving £11,185 Gross Salary and £571 in employer pension contributions. They 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 was £3,299 (2021:£418). The charity also reimbursed clergy expenses totalling £2,127 (2021:£3,566) to Ian Farley.

No other member of the PCC received employment benefits in either the current or preceding year.

Page 14

ST JOHN'S CHURCH, BUCKHURST HILL

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2022

10 Tangible fixed assets

Cost
At 1 January 2022
Additions
At 31 December 2022
Accumulated depreciation
At 1 January 2022
Charge for the year
At 31 December 2022
Net book value
At 31 December 2022
At 31 December 2021
Land and Buildings comprise:
Residential property held for use by clergy
St John's Hall
St Stephen's Hall		 Freehold
Land and
Property
£
716,916		 Fixtures,
fittings and
equipment
£
83,165		 Total
2022
£
800,081
- 2,700 2,700
716,916
178,621		 85,865
83,165		 802,781
261,786
7,118 675 7,793
185,739
531,177
538,295
Cost
£
307,000
54,000
355,916
716,916		 83,840
2,025
-
Accumulated
Depreciation
£
-
54,000
131,739
185,739		 269,579
533,202
538,295
NBV at
31.12.22
£
307,000
-
224,177
531,177

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		 2022
£
10,924
8,711
5,607
25,242
2022
£
27,357
1,899,903
104
1,927,364
2022
£
10,830
2,087
4,043
16,960		 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

12 Cash at Bank and in Hand

Page 15

ST JOHN'S CHURCH, BUCKHURST HILL

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2022

14 Pension commitments

During the year employer’s pension contributions totalling £2,228 (2021: £1,405) were payable to defined contribution personal pension schemes. The pension contributions owing at the balance sheet date were £270 (2021: £365).

15 Funds

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

Designated Funds Opening
balance
2022
£		 Incoming
resources
2022
£		 Outgoing
resources
2022
£		 Transfers
in the year
2022
£		 Closing
balance
2022
£
Clergy Housing
Site Development Fund
a
Pastoral Care Fund
Associate Minister Fund
c
Clergy Discretionary Fund
e
Tithe Fund
a
Reserve Fund
b
Parish Halls Activities
a b
General Unrestricted Funds
a c d
Total Unrestricted Funds
Restricted Funds
East Wing Development Fund
Parish Halls
Wardrobe
Organ Repair Fund
Senior Men's Fellowship
Rector's discretionary fund
e
Staffing Fund
Other restricted funds
d
Endowment Fund
Aggregate of funds		 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
252,222
850
2,496,312		 -
22,962
-
-
-
-
-
73,842
96,805
228,320
325,124
-
-
-
-
1,213
-
3,125
2,819
7,156
-
332,280		 -
(140)
(500)
-
-
(26,157)
-
(75,272)
(102,069)
(247,736)
(349,805)
-
(7,118)
-
-
(1,300)
(218)
(1,304)
(9,940)
-
(359,745)		 -
(2,296)
-
(27,000)
(132)
31,303
21,000
(28,384)
(5,510)
6,711
1,202
-
-
-
-
132
(1,334)
(1,202)
-
-		 307,000
1,639,909
1,980
186,000
5,868
9,321
21,000
35,534
2,206,612
13,150
2,219,762
10,000
223,337
1,498
735
2,037
-
3,125
7,504
248,235
850
2,468,847

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 £21,622 (2021: £19,568 has been transferred from unrestricted general funds, £7,384 (2021:£7,123) from the the Parish Halls Activities Fund and £2,296 (2021: NIL) from the Site Development Fund to the designated Tithe fund.

b) During the year the PCC voted to create the Reserve Fund to ensure sufficient funds were available to cover any future unexpected expenditure. A £21,000 transfer was made from the Parish Halls Activities fund to create the new fund.

e) The Clergy Discretionary Designated Fund transferred £132 to the Rectors Discretionary Fund to cover a deficit incurred in that restricted fund during the year.

Page 16

ST JOHN'S CHURCH, BUCKHURST HILL

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2022

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
£
£
2,864
307,000
15,774
9,468
9,363
1,892,252
(14,851)
(2,109)
13,150
2,206,612
Unrestricted Funds		 Restricted
funds
£
223,337
-
24,898
-
248,235		 Endowment
funds
£
-
-
850
-
850		 2022
£
533,202
25,242
1,927,363
(16,960)
2,468,847

Page 17

ST JOHN'S CHURCH, BUCKHURST HILL

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2022

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
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
259,500
850
2,518,942		 Incoming
resources
2021
£
-
909
-
-
-
-
71,233
72,142
195,676
267,818
-
-
-
-
771
-
408
1,179
-
268,997		 Outgoing
resources
2021
£
-
-
-
-
-
(35,400)
(61,982)
(97,382)
(185,787)
(283,169)
-
(7,118)
-
-
(1,088)
-
(251)
(8,457)
-
(291,627)		 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
252,221
850
2,496,312

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
£
£
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

16 Transactions with related parties

During the year the charity:

a) received donations totalling £24,765 (2021: £27,840) from related parties (which includes members of thePCC, any other members of key management and anyone closely connected to them).

b) paid £NIL to related parties of the incumbent, for the provision of music & AV services.(2021: £320)

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.

Page 18

ST JOHN'S CHURCH, BUCKHURST HILL

DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES

FOR THE YEAR ENDED 31 DECEMBER 2022

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
2022
2022
£
£
197,671
-
20,253
73,842
10,200
195
22,962
-
228,320
96,805
247,736
102,069
247,736
102,069
(19,416)
(5,265)
6,711
(5,510)
(12,705)
(10,774)
25,855
2,217,386
13,150
2,206,612
Unrestricted funds		 Restricted
2022
£
5,163
1,994
-
7,156
9,940
9,940
(2,784)
(1,202)
(3,986)
252,221
248,235		 Endowment
2022
£
-
-
-
-
-
-
-
-
-
850
850		 Total
2022
£
202,834
96,089
10,200
23,157
-
332,280
359,745
359,745
(27,465)
(0)
(27,465)
2,496,312
2,468,847		 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

Rounding differences of £1 may occur

Page 19