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2023-12-31-accounts

The Parochial Church Council of The Ecclesiastical Parish of St John Buckhurst Hill year ended 31st December 2023

ST JOHN'S CHURCH, BUCKHURST HILL

CHARITY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2023

Members of the Parochial Church Council

Revd Dr Ian Farley Rector
Steve Bacon Church Warden
Veronica Turner Church Warden
Peter David Gascoigne Elected Member and TreasurerResigned 21/04/2024
Edward Lindenberg Elected Member and TreasurerAppointed 21/04/2024
Terence Owen Elected Member Resigned 30/04/2023
Robert Smith Elected Member
Robert Way Elected Member
Katherine Loe Co-opted Member Resigned 30/04/2023
Melanie Grant Elected Member
Wendy Doye Elected Member
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 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 2

ST JOHN'S CHURCH, BUCKHURST HILL

ANNUAL REPORT OF THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL

FOR THE YEAR ENDED 31 DECEMBER 2023

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:

• We encourage and expect our clergy to focus on prayer and the study of Holy Scripture so as to teach the congregation

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:

Active discipleship is encouraged through homegroups that meet throughout the week. We seek 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 have centralised our home groups so that all groups study the same material.

We are pleased, after several years of trying to have appointed a Children’s and Youth Worker. We have seen the successful setting up of a regular youth group meeting on a Friday night. Significantly our worker has made very good relationships with schools other than our own church school and goes weekly to other schools, both Primary and Secondary.

Page 3

ST JOHN'S CHURCH, BUCKHURST HILL

ANNUAL REPORT OF THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL

FOR THE YEAR ENDED 31 DECEMBER 2023

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 of prayer. Almost every week a variety of prayer experiences are offered: Celtic prayer, Soaking in the spirit, Healing prayer. We also vary the way intercessions are done in the main morning service to include more of the congregation in the act of prayer.

We trust the growth in personal discipleship must overflow into acts of service in 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.

Our acts of service also extends to the support of our overseas mission work. We have a Mission Matters team which 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 have now focused our charitable activity on supporting those missions. For example our annual toy service collection is now in aid of supporting the Mothers of LIV Village to buy presents for the children in their care. We have been visited by two of the charities we support, with more planned for 2024.

Improving our communication has been a focus for 2023 and to this end we redesigned our website www.sjbh.org.uk to make it more user-friendly and appealing. We also launched a podcast stream on which we share our sermons. The purpose of this was to ensure that the full range of teaching is available to people in an accessible format. Our social media channels continue to be a really useful method of engagement with our community stakeholders and we intend to continue to grow this.

We welcomed Buckhurst Hill to St John’s for our Harvest Open day in September. It provided a showcase for our local clubs and organisations to reach the community as well as an opportunity for people to donate to our local Food bank. Our social events have included music evenings, a trip to Hever Castle, a golf day and church family meals. We hosted our first ‘Hoolie’, a wonderful evening of ceilidh, which proved a great hit with all age groups. Once again we have been encouraged by the attendance of visitors alongside our regular congregants.

The King’s Coronation in May provided an opportunity for us to join in with the Parish Council’s Coronation event at the football club. Our Christmas celebrations were extremely well attended with both our family carol service and Christmas Eve nativity full. It was very rewarding to see neighbours and people we have chatted with at other events attend these services.

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 4

ST JOHN'S CHURCH, BUCKHURST HILL ANNUAL REPORT OF THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL

FOR THE YEAR ENDED 31 DECEMBER 2023

Structure, Governance and Management

The charity is registered with the Charity Commission and operates under the Charities Act 2011. The governing documents for the charity are the Parochial Church Councils (Powers) Measure 1956 (as amended) and the Church Representation Rules.

The appointment of PCC members is governed by, and set out in, the Church Representation Rules. The PCC 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 the parameters within which the charity 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 2023 the charity’s income increased by £50K to £383K and expenditure increased by £20k, to £380K. As a result the surplus for the year was £3k (2022:deficit £27K) and the charity's net assets increased by £3K to £2,471K.

Grant making policies

The PCC is committed to the Biblical Tithe of 10% of gross 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

The PCC have determined that the charity should aim to hold cash in unrestricted funds of no less than £66k (which equates to about 3 months' of unrestricted general fund running cost) so that the charity could continue to operate should income and / or expenditure vary adversely. At the year end, the charity held a reserve of £21,000 specifically designated for unexpected charity expenditure. The total unrestricted funds cash held at the year end was £1,886k, therefore the Trustees are confident they are complying with the reserves policy.

The unrestricted desingated funds include £1,709k which is held in a Site Development fund, created from the proceeds of the sale of a property in 2018. The Building Committee are discussing initial plans for a building project with architects; this project is likely to span several years.

Page 5

ST JOHN'S CHURCH, BUCKHURST HILL

ANNUAL REPORT OF THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL

FOR THE YEAR ENDED 31 DECEMBER 2023

Plans for the Future

Our focus is to move on with the re-development of the site 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.

With such a lot of activity on site it is still planned to develop the church and church centre into spaces more suited for the life of the church today. Consultation across the church has been held and a Building committee set up to explore options. Initial faculties have been submitted to open up our options for this project and this will be ongoing work throughout the year ahead and beyond.

We have booked a Parish Weekend away for September 2024 at Ashburnham Place, and are looking forward to being together as a church family.

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, where possible, they take appropriate 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 6

ST JOHN'S CHURCH, BUCKHURST HILL

ANNUAL REPORT OF THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL

FOR THE YEAR ENDED 31 DECEMBER 2023

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 are required 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. state whether the applicable accounting standards have been 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 time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approval

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

I D Farley I D Farley (Sep 24, 2024 11:46 GMT+1)

_______ REV. IAN FARLEY

Date: Sep 24, 2024

Page 7

INDEPENDENT EXAMINER'S REPORT

TO THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL OF

ST JOHN'S CHURCH, BUCKHURST HILL ('the Charity')

I report to the charity trustees on my examination of the accounts of the Charity for the year ended 31 December 2023 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 the 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

Since the Charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England & Wales which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to 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 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.

Sarah Crispin

Sarah Crispin (Sep 24, 2024 16:10 GMT+1) Sarah Crispin ACA Institute of Chartered Accountants in England and Wales Stewardship 1 Lamb's Passage London EC1Y 8AB

Date: Sep 24, 2024

Page 8

ST JOHN'S CHURCH, BUCKHURST HILL

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 DECEMBER 2023

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
£
191,255
82,220
-
82,333
-
355,808
368,970
368,970
(13,162)
20,618
7,456
2,219,762
2,227,219		 Restricted
Funds
£
24,705
1,997
-
-
-
26,702
10,983
10,983
15,719
(20,618)
(4,900)
248,235
243,336		 Endowment
Funds
£
-
-
-
-
-
-
-
-
-
-
-
850
850		 Total
Funds
2023
£
215,960
84,217
-
82,333
-
382,511
379,953
379,953
2,557
-
2,557
2,468,847
2,471,404		 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

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 9

ST JOHN'S CHURCH, BUCKHURST HILL

BALANCE SHEET

AS AT 31 DECEMBER 2023

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
£
315,755
315,755
60,677
1,886,268
1,946,945
(35,482)
1,911,463
2,227,218
5,661
2,221,557
2,227,218
-
-
2,227,218		 Restricted
Funds
£
216,219
216,219
-
27,117
27,117
-
27,117
243,336
-
-
-
243,336
-
243,336		 Endowment
Funds
£
-
-
-
850
850
-
850
850
-
-
-
-
850
850		 Total
Funds
2023
£
531,974
531,974
60,677
1,914,235
1,974,912
(35,482)
1,939,430
2,471,404
5,661
2,221,557
2,227,218
243,336
850
2,471,404		 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

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:

I D Farley I D Farley (Sep 24, 2024 11:46 GMT+1) Sep 24, 2024 ----------------------------------------------------------------------------REV. IAN FARLEY Date Charity number: 1127607

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

Page 10

ST JOHN'S CHURCH, BUCKHURST HILL

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2023

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 include all 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 accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)' ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102") and with the Charities Act 2011. The charity meets the definition of a 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 of Recommended Practice effective from 1 April 2005' but this accounting standard has since been withdrawn and has been replaced by the Charities SORP mentioned in the preceding 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

The PCC have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The PCC have made this assessment for a period of at least one year from the date of approval of the financial 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 have concluded 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 the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.

Income from donations and legacies includes recoverable gift 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.

The charity relies on volunteers to carry out many of its activities. However, in accordance with the SORP, the value of these services 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 11

ST JOHN'S CHURCH, BUCKHURST HILL

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2023

2 Accounting Policies continued

c) Expenditure

Expenditure, including irrecoverable VAT, 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 constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured 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.

d) Fund accounting

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 are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects. Endowment funds are donations that are retained as capital in accordance with the donor's wishes. The nature 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 are capitalised when the cost of purchased items, or the fair value of donated 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 write down the value of each asset to its estimated residual value (if any) 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

The carrying values of tangible fixed 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 expense when the liability arises. The assets of these schemes are held separately from those of the charity in independently administered funds.

Page 12

ST JOHN'S CHURCH, BUCKHURST HILL

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2023

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

The members of the PCC do not consider that there are any material sources of estimation or uncertainty at the balance 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
2023
2023
£
£
Donations of cash and similar
Other grants 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
2023
2023
Letting of residential property
6
Investment income
Bank interest
7
Other income
Unrestricted
Restricted
2023
2023
£
£
Other Income
-
-
-
-		 2023
£
189,429
1,520
25,011
215,960
2023
£
2,750
4,077
4,460
72,929
84,216
2023
£
-
2023
£
82,333
2023
£
-
-		 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
£
-
-

Page 13

ST JOHN'S CHURCH, BUCKHURST HILL

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2023

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
28,975
Grants for the relief of poverty
-
28,975
The comparatives for the previous year are as follows:
Institutions
£
Grants for UK and overseas mission
27,761
Grants for the relief of poverty
-
27,761
The fee payable to the independent examiner for examining the accounts was £2,220 (2022: £2,160).		 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
28,975
Grants for the relief of poverty
-
28,975
The comparatives for the previous year are as follows:
Institutions
£
Grants for UK and overseas mission
27,761
Grants for the relief of poverty
-
27,761
The fee payable to the independent examiner for examining the accounts was £2,220 (2022: £2,160).		 Total
2023
£
12,120
99,995
8,788
-
6,287
40,563
9,167
9,982
16,378
23,279
246
24,407
37,565
9,317
4,213
302,307
28,998
331,306
2,220
46,427
48,647
379,953		 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
Institutions
£
28,975
-
28,975
Institutions
£
27,761
-
27,761		 Individuals
£
-
23
23
Individuals
£
-
218
218		 2023
£
28,975
23
28,998
2022
£
27,761
218
27,979

Page 14

ST JOHN'S CHURCH, BUCKHURST HILL

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2023

8c Grants payable continued

The charity's principal grants to institutions comprised:

charity'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		 2023
£
-
6,979
-
3,000
6,050
6,050
6,596
300
28,975		 2022
£
800
6,557
1,200
3,000
4,800
4,800
5,000
1,604
27,761

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

Gross wages and salaries
Social security
Pension costs		 2023
£
82,069
461
4,261
86,791		 2022
£
42,925
-
2,228
45,153

The average monthly number of employees during the year was 4 (2022: 2.4). Most of the charity's activities are carried out by l

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

Ian Farley (who is the clergy member of the PCC) receives a stipend from the Diocese and so is not an employee; some of the Parish Share paid to the Diocese is used to help meet the cost of these stipends. Ian Farley was provided with accommodation (which is customary for clergy) and the cost of this accommodation to the PCC was £80 (2022:£3,299). The charity also reimbursed clergy expenses totalling £702 (2022:£2,127) to Ian Farley.

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

Page 15

ST JOHN'S CHURCH, BUCKHURST HILL

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2023

10 Tangible fixed assets

Cost
At 1 January 2023
Additions
At 31 December 2023
Accumulated depreciation
At 1 January 2023
Charge for the year
At 31 December 2023
Net book value
At 31 December 2023
At 31 December 2022
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
-
716,916
185,739
7,118
192,857
524,059
531,177
Cost
£
307,000
54,000
355,916
716,916		 Fixtures,
fittings and
equipment
£
85,865
8,754
94,619
83,840
2,864
86,704
7,916
2,025
Accumulated
Depreciation
£
-
54,000
138,857
192,857		 Total
2023
£
802,781
8,754
811,535
269,579
9,982
279,561
531,974
533,202
NBV at
31.12.23
£
307,000
-
217,059
524,059

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

Tax recoverable
Other debtors
Accrued income
Prepayments
at Bank and in Hand
Cash at bank
Deposit Accounts
Petty cash
itors: liabilities falling due within one year
Trade creditors
Taxation and social security
Other creditors
Accruals and Deferred Income		 2023
£
7,933
11,249
24,494
17,001
60,677
2023
£
87,830
1,826,400
5
1,914,235
2023
£
27,292
3,817
729
3,643
35,482		 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

12 Cash at Bank and in Hand

13 Creditors: liabilities falling due within one year

Page 16

ST JOHN'S CHURCH, BUCKHURST HILL

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2023

14 Pension commitments

During the year employer’s pension contributions totalling £4,261 (2022: £2,228) were payable to defined contribution personal pension schemes. The pension contributions owing at the balance sheet date were £429 (2022: £270).

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
c
Clergy Discretionary Fund
Tithe Fund
a
Reserve Fund
Parish Halls Activities
a
General Unrestricted Funds
a b c d e
Total Unrestricted Funds
Restricted Funds
East Wing Development Fund
Parish Halls
Wardrobe
Organ Repair Fund
Senior Men's Fellowship
Staffing Fund
b e
Other restricted funds
d
Endowment Fund
Aggregate of funds		 Opening
balance
2023
£
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		 Incoming
resources
2023
£
-
81,170
-
-
-
-
-
75,679
156,849
198,959
355,808
-
-
-
-
1,111
23,200
2,391
26,702
-
382,510		 Outgoing
resources
2023
£
-
(12,120)
-
-
-
(26,831)
-
(68,264)
(107,215)
(261,755)
(368,970)
-
(7,118)
-
-
(1,729)
-
(2,135)
(10,983)
-
(379,954)		 Transfers
in the year
2023
£
-
-
-
(54,585)
-
27,464
-
(7,568)
(34,689)
55,307
20,618
-
-
-
-
-
(20,232)
(386)
(20,618)
-
-		 Closing
balance
2023
£
307,000
1,708,959
1,980
131,415
5,868
9,953
21,000
35,381
2,221,557
5,661
2,227,218
10,000
216,219
1,498
735
1,419
6,093
7,373
243,336
850
2,471,404

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 £19,896 (2022: £21,622) has been transferred from unrestricted general funds, £7,568 (2022:£7,384) from the Parish Halls Activities Fund.

b) The Staffing Fund contributed £22,282 towards the cost of the newly appointed Youth Worker in 2023.

c) The Associate Minister Fund transferred £54,585 (2022:£27,000) to the General Fund to cover the employment costs, including housing and expenses costs of the Associate Minister during 2023.

d) Other Restricted Funds transferred monies to the General Fund to cover expenses incurred with that fund that relate to the purposes of the restricted funds. (Little Fishes £386 (2022:Little Fishes £684, Julias Fund £650))

e) The general fund transferred £2,050 to the staffing fund representing the gift aid claimed on donations to that fund.

Page 17

ST JOHN'S CHURCH, BUCKHURST HILL

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2023

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:

General
Designated
funds
funds
£
£
Unrestricted Funds		 General
Designated
funds
funds
£
£
Unrestricted Funds		 Restricted
funds
£		 Endowment
funds
£		 2023
£
General
funds
£
Tangible fixed assets 8,755
48,605
(27,154)
(24,545)		 307,000 216,219 - 531,974
60,677
1,914,235
(35,482)
Debtors
Cash at bank and in hand
Creditors falling due within one year		 12,072
1,913,422
(10,937)		 27,117
-		 -
850
-
5,661 2,221,557 243,336 850 2,471,403

Page 18

ST JOHN'S CHURCH, BUCKHURST HILL

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2023

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
Reserve 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
Staffing Fund
Other restricted funds
Endowment Fund
Aggregate of funds		 Opening
balance
2022
£
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
2,496,313		 Incoming
resources
2022
£
-
22,962
-
-
-
-
-
73,842
96,805
228,320
325,124
-
-
-
-
1,213
-
3,125
2,819
7,156
-
332,280		 Outgoing
resources
2022
£
-
(140)
(500)
-
-
(26,157)
-
(75,272)
(102,069)
(247,736)
(349,805)
-
(7,118)
-
-
(1,300)
(218)
-
(1,304)
(9,940)
-
(359,745)		 Transfers
in the year
2022
£
-
(2,296)
-
(27,000)
(132)
31,303
21,000
(28,384)
(5,510)
6,711
1,202
-
-
-
-
132
-
(1,334)
(1,202)
-
-		 Closing
balance
2022
£
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

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
£
£
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
£
533,201
25,242
1,927,363
(16,960)
General
funds
£
2,864
15,774
9,363
(14,851)
13,150
2,468,847

16 Transactions with related parties

During the year the charity:

a) received donations totalling £29,037 (2022: £24,765) from related parties (which includes members of the PCC, any other members of key management and anyone closely connected to them).

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 19

ST JOHN'S CHURCH, BUCKHURST HILL

DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES

FOR THE YEAR ENDED 31 DECEMBER 2023

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
2023
2023
£
£
191,255
-
6,541
75,679
-
-
1,163
81,170
-
198,959
156,849
261,755
107,215
261,755
107,215
(62,796)
49,634
55,307
(34,689)
(7,489)
14,945
13,150
2,206,612
5,661
2,221,557
Unrestricted funds		 Restricted
2023
£
24,705
1,997
-
-
-
26,702
10,983
10,983
15,719
(20,618)
(4,900)
248,235
243,335		 Endowment
2023
£
-
-
-
-
-
-
-
-
-
-
850
850		 Total
2023
£
215,960
84,217
-
82,333
-
382,510
379,953
379,953
2,557
0
2,557
2,468,847
2,471,404		 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

Rounding differences of £1 may occur

Page 20

St Johns BH Accounts - 2023 - Finals

Final Audit Report

2024-09-24

Created: 2024-09-23 By: Sarah Crispin (sarah.crispin@stewardship.org.uk) Status: Signed Transaction ID: CBJCHBCAABAA5MRjeKaWxfL070J6yav8L04eCZn01uS1

"St Johns BH Accounts - 2023 - Finals" History

2024-09-23 - 09:25:51 GMT

Document emailed to rev.idf@gmail.com for signature

2024-09-23 - 09:26:43 GMT

2024-09-24 - 10:44:57 GMT

2024-09-24 - 10:46:36 GMT

Signature Date: 2024-09-24 - 10:46:38 GMT - Time Source: server

Document emailed to Sarah Crispin (sarah.crispin@stewardship.org.uk) for signature 2024-09-24 - 10:46:40 GMT

Agreement completed.

2024-09-24 - 15:10:12 GMT