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2024-12-31-accounts

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

year ended 31st December 2024

ST JOHN'S CHURCH, BUCKHURST HILL

CHARITY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2024

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
Robert Smith Elected Member resigned 21/10/2024
Robert Way Elected Member
Melanie Grant Elected Member resigned 27/04/2025
Wendy Doye Elected Member Resigned 21/04/2024
Marie Thornton Elected Member
Paul Bickford Elected Member
John Alligan Elected Member
Joy Barter Elected Member appointed 27/04/2025
Peter David Gascoigne Elected Member appointed 27/04/2025
Akin Ogundiya Elected Member appointed 27/04/2025
Terence Owen Deanery Synod Rep

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 Nick Spear ACCA 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 - 7
Independent Examiner's Report 8
Statement of Financial Activities 9
Balance Sheet 10
Notes to the Accounts 11-20
Detailed Statement of Financial Activities with Comparatives 21

Page 2

ST JOHN'S CHURCH, BUCKHURST HILL

ANNUAL REPORT OF THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL

FOR THE YEAR ENDED 31 DECEMBER 2024

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:

The main activity is the provision of Sunday worship. On most Sundays there are 3 different types of worship opportunities. Our main morning service at 10.45am has full provision of Sunday School and Youth groups with all ages starting in the church together. This service is usually supported by a contemporary band. Earlier there is a said service following the patterns of BCP and CW. In the evening there is a café style service. In all services there is a central role of bible teaching. The object of all our services is to glorify God through our worship, humble listening to his work and through our shared fellowship.

Our youth worker has made enormous in roads with a number of local schools, taking assemblies, running Christian groups and helping in classes. There is a small but lively and regular youth group now established at the church. There is a concern though that the original funding for the role dries up in April 2026 and church finances make the on-going role questionable.

Page 3

ST JOHN'S CHURCH, BUCKHURST HILL

ANNUAL REPORT OF THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL

FOR THE YEAR ENDED 31 DECEMBER 2024

Summary of the charity's main activities and achievements (continued)

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 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, for example, Celtic prayer and 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 act 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 three of the charities we support this year, and we continue to encourage one-off events to both increase our giving to those charities and grow our relationship with them.

Our Toddler and baby group, Little Fishes, continues to grow and we now regularly host 30 children a week and their carers at our weekly Thursday sessions and special events. Wonderful friendships and connections have been formed, and we continue to see these children and their parents at some of our major services which is encouraging.

Over the course of 2024 we held a Parish Weekend away at Ashburnham Place to help us grow in fellowship. Our patronal festival included a trip to Leeds Castle and our annual Barbeque. We hosted Artless for an evening of live theatre in the church. Church lunches and breakfasts continue to be

Our Christmas celebrations were extremely well attended we offered both traditional carols and readings and a more informal festive family carols alongside our Christmas Eve nativity service.

Page 4

ST JOHN'S CHURCH, BUCKHURST HILL

ANNUAL REPORT OF THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL

FOR THE YEAR ENDED 31 DECEMBER 2024

Summary of the charity's main activities and achievements (continued)

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

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 2024 the charity’s income increased by £33K to £416K and expenditure increased by £60k, to £440k. As a result the deficit for the year was £24k (2023:surplus £3k) and the charity's net assets decreased by £24K to £2,447K.

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.

Page 5

ST JOHN'S CHURCH, BUCKHURST HILL

ANNUAL REPORT OF THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL

FOR THE YEAR ENDED 31 DECEMBER 2024

Reserves policy

The PCC have determined that the charity should aim to hold cash in unrestricted funds of no less than £78k (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 £1,883k, therefore the Trustees are confident they are complying with the reserves policy.

The unrestricted designated funds include £1,786k 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.

Plans for the Future

Knowing that the compulsory retirement of our Rector will occur in 2026, the short-term future plan is to have an agreed structure in place that will enable the church to function effectively without any clergy. Our goal is to have an actively engaged and supportive of one another congregation with people willing to step up to take on new roles.

We have booked a Parish Weekend away for May 2026 at Highgate House in Northamptonshire 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 2024, and we are working through the recommended works.

Page 6

ST JOHN'S CHURCH, BUCKHURST HILL

ANNUAL REPORT OF THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL

FOR THE YEAR ENDED 31 DECEMBER 2024

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:

IDFarley IDFarley (Sep 18, 2025 17:19:48 GMT+1)

_______ REV. IAN FARLEY

Date: Sep 18, 2025

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 members of the PCC (who are also the charity's trustees) on my examination of the accounts of the Charity for the year ended 31 December 2024 on pages 9 to 21 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 members of the PCC 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 Association of Chartered Certified Accountants 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.

Nick Spear

Nick Spear (Sep 22, 2025 15:45:29 GMT+1)

Nick Spear ACCA The Association of Chartered Certified Accountants Stewardship 1 Lamb's Passage London EC1Y 8AB

Date: Sep 22, 2025

Page 8

ST JOHN'S CHURCH, BUCKHURST HILL

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 DECEMBER 2024

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
£
204,086
92,637
-
95,170
3,680
395,573
429,580
429,580
(34,007)
23,417
(10,590)
2,227,219
2,216,629		 Restricted
Funds
£
18,127
2,050
-
-
-
20,177
10,400
10,400
9,777
(23,417)
(13,640)
243,335
229,695		 Endowment
Funds
£
-
-
-
-
-
-
-
-
-
-
-
850
850		 Total
Funds
2024
£
222,213
94,687
-
95,170
3,680
415,750
439,980
439,980
(24,230)
-
(24,230)
2,471,404
2,447,174		 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

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 - 20 form part of these accounts.

Page 9

ST JOHN'S CHURCH, BUCKHURST HILL

BALANCE SHEET

AS AT 31 DECEMBER 2024

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
£
327,171
327,171
43,093
1,883,117
1,926,210
(36,752)
1,889,458
2,216,629
15,931
2,200,698
2,216,629
-
-
2,216,629		 Restricted
Funds
£
209,101
209,101
-
20,594
20,594
-
20,594
229,695
-
-
-
229,695
-
229,695		 Endowment
Funds
£
-
-
-
850
850
-
850
850
-
-
-
-
850
850		 Total
Funds
2024
£
536,272
536,272
43,093
1,904,561
1,947,654
(36,752)
1,910,902
2,447,174
15,931
2,200,698
2,216,629
229,695
850
2,447,174		 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

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:

IDFarley Sep 18, 2025 IDFarley (Sep 18, 2025 17:19:48 GMT+1)

----------------------------------------------------------------------------REV. IAN FARLEY Date

Charity number: 1127607

The notes on page 11 - 20 form part of these accounts.

Page 10

ST JOHN'S CHURCH, BUCKHURST HILL

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

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.

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 2024

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

Page 12

ST JOHN'S CHURCH, BUCKHURST HILL

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2 Accounting Policies continued

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.

h) Taxation

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
2024
2024
£
£
Donations of cash and similar
Other grants receivable
Income tax recoverable
me from charitable activities
Unrestricted
Restricted
St Johns Heating contribution
Church activities including Church Weekend Away
Statutory Income
Hall Hire		 2024
£
195,049
-
27,164
222,213
2024
£
3,750
9,579
4,031
77,327
94,687		 2023
£
189,429
1,520
25,011
215,960
2023
£
2,750
4,077
4,460
72,929
84,216

4 Income from charitable activities

5 Income from other trading activities

me from other trading activities
Unrestricted
Restricted
2024
2024
Letting of residential property
stment income
Bank interest		 2024
£
-
2024
£
95,170		 2023
£
-
2023
£
82,333

6 Investment income

Page 13

ST JOHN'S CHURCH, BUCKHURST HILL

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

7 Other income

2024
2024
£
£
Insurance reclaim
-
-
-
-
8
Charitable expenditure
Unrestricted
Restricted
2020
2020
£
£
a
Church Activities
Church development
#REF!
-
Parish share
Hall administration (including salaries)
Churchyard and grounds
Utilities
Insurance and security
Depreciation
Repairs and maintenance
Cleaning and caretaking
Clergy housing expenses
Sunday school and youth work (including salaries)
Clergy and ministry expenses (including salaries)
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
-		 2024
£
3,680
3,680
Total
2024
£
17,820
100,444
10,483
13,825
39,695
10,463
14,742
28,963
25,590
2,536
45,439
24,643
14,268
14,461
363,373
30,767
394,140
2,300
43,540
45,840
439,980		 2023
£
-
-
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

The fee payable to the independent examiner for examining the accounts was £2,300 (2023: £2,220).

Page 14

ST JOHN'S CHURCH, BUCKHURST HILL

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

8 Charitable expenditure continued

c Grants payable

ts payable
Grants for UK and overseas mission
Grants for the relief of poverty		 Institutions
£
29,550
-
29,550		 Individuals
£
1,000
217
1,217		 2024
£
30,550
217
30,767

As noted in the Funds note (15a) the church continues to set aside 10% of income to the Tithe Fund which is distributed in later periods.

The comparatives for the previous year are as follows:

The comparatives for the previous year are as follows:
Grants for UK and overseas mission
Grants for the relief of poverty		 Institutions
£
28,975
-
28,975		 Individuals
£
-
23
23		 2023
£
28,975
23
28,998

The charity's principal grants to institutions comprised:

charity's principal grants to institutions comprised:
LIV Village
Sparks - Worth Unlimited
Five Talents
Open Doors
Forest Churches Night Shelter
Other grants individually less than £1,000		 2024
£
7,483
-
7,256
7,256
7,256
300
29,550		 2023
£
6,979
3,000
6,050
6,050
6,596
300
28,975

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

Gross wages and salaries
Social security
Pension costs		 2024
£
91,554
3,032
5,494
100,080		 2023
£
82,069
461
4,261
86,791

The average monthly number of employees during the year was 3.7 (2023: 2.4). 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.

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 £2,536 (2023:£80). The charity also reimbursed clergy expenses totalling £539 (2023:£702) 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 2024

10 Tangible fixed assets

Cost
At 1 January 2024
Additions
At 31 December 2024
Accumulated depreciation
At 1 January 2024
Charge for the year
At 31 December 2024
Net book value
At 31 December 2024
At 31 December 2023
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
192,857
7,118
199,975
516,941
524,059
Cost
£
307,000
54,000
355,916
716,916		 Fixtures,
fittings and
equipment
£
94,619
19,039
113,658
86,704
7,623
94,327
19,331
7,915
Accumulated
Depreciation
£
-
54,000
145,975
199,975		 Total
2024
£
811,535
19,039
830,574
279,561
14,742
294,303
536,272
531,974
NBV at
31.12.24
£
307,000
-
209,941
516,941

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

tors
Tax recoverable
Other debtors
Accrued income
Prepayments		 2024
£
3,696
4,238
24,020
11,139
43,093		 2023
£
7,933
11,249
24,494
17,001
60,677

12 Cash at Bank and in Hand

at Bank and in Hand
Cash at bank
Deposit Accounts
Petty cash		 2024
£
56,223
1,848,208
130
1,904,561		 2023
£
87,830
1,826,400
5
1,914,235

Page 16

ST JOHN'S CHURCH, BUCKHURST HILL

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

13 Creditors: liabilities falling due within one year

Trade creditors
Taxation and social security
Other creditors
Grant obligations
Accruals and Deferred Income		 2024
£
15,164
-
947
14,623
6,017
36,752		 2023
£
27,292
3,817
729
-
3,643
35,482

14 Pension commitments

During the year employer’s pension contributions totalling £5,494 (2023: £4,261) were payable to defined contribution personal pension schemes. The pension contributions owing at the balance sheet date were £386 (2023: £429).

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 d
Clergy Discretionary Fund
Tithe Fund
a
Reserve Fund
Parish Halls Activities
a f
General Unrestricted Funds
a b c d e f
Total Unrestricted Funds
Restricted Funds
East Wing Development Fund
Parish Halls
Wardrobe
Organ Repair Fund
Senior Men's Fellowship
Staffing Fund
b
Other restricted funds
e
Endowment Fund
Aggregate of funds		 Opening
balance
2024
£
307,000
1,708,959
1,980
131,415
5,868
9,953
21,000
35,381
2,221,556
5,661
2,227,218
10,000
216,219
1,498
735
1,419
6,093
7,373
243,336
850
2,471,404		 Incoming
resources
2024
£
-
94,533
-
-
-
-
-
81,077
175,610
219,963
395,573
-
-
-
-
1,145
16,800
2,232
20,177
-
415,750		 Outgoing
resources
2024
£
-
(17,820)
-
-
(217)
(29,023)
-
(71,899)
(118,958)
(310,620)
(429,578)
-
(7,118)
-
-
(1,163)
-
(2,119)
(10,400)
-
(439,978)		 Transfers
in the year
2024
£
-
-
-
(73,433)
-
29,023
-
(33,100)
(77,510)
100,928
23,418
-
-
-
-
-
(22,893)
(525)
(23,418)
-
-		 Closing
balance
2024
£
307,000
1,785,672
1,980
57,982
5,651
9,953
21,000
11,459
2,200,698
15,931
2,216,629
10,000
209,101
1,498
735
1,401
-
6,961
229,695
850
2,447,174

Page 17

ST JOHN'S CHURCH, BUCKHURST HILL

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

15 Funds continued

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

Purposes of the various funds:

Designated funds

Restricted Funds

Page 18

ST JOHN'S CHURCH, BUCKHURST HILL

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

15 Funds continued

Analysis of net assets by fund

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

General
Designated
funds
funds
£
£
Tangible fixed assets
20,171
307,000
Debtors
38,795
4,298
Cash at bank and in hand
(31,842)
1,914,960
Creditors falling due within one year
(11,192)
(25,560)
15,931
2,200,698
In the previous year the movements in the charity's funds were as follows:
Opening
Incoming
balance
resources
2023
2023
£
£
Designated Funds
Clergy Housing
307,000
-
Site Development Fund
1,639,909
81,170
Pastoral Care Fund
1,980
-
Associate Minister Fund
186,000
-
Clergy Discretionary Fund
5,868
-
Tithe Fund
9,321
-
Reserve Fund
21,000
-
Parish Halls Activities
35,534
75,679
2,206,612
156,849
General Unrestricted Funds
13,150
198,959
Total Unrestricted Funds
2,219,762
355,808
Restricted Funds
East Wing Development Fund
10,000
-
Parish Halls
223,337
-
Wardrobe
1,498
-
Organ Repair Fund
735
-
Senior Men's Fellowship
2,037
1,111
Rector's discretionary fund
-
-
Staffing Fund
3,125
23,200
Other restricted funds
7,504
2,391
248,235
26,702
Endowment Fund
850
-
Aggregate of funds
2,468,847
382,510
Unrestricted Funds		 Restricted
funds
£
209,101
20,594
-
229,695
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)		 Endowment
funds
£
-
-
850
-
850
Transfers
in the year
2023
£
-
-
-
(54,585)
-
27,464
-
(7,568)
(34,689)
55,307
20,618
-
-
-
-
-
-
(20,232)
(386)
(20,618)
-
-		 2024
£
536,272
43,093
1,904,561
(36,752)
2,447,174
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

Page 19

ST JOHN'S CHURCH, BUCKHURST HILL

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

15 Funds continued

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
£
£
8,755
307,000
48,605
12,072
(27,154)
1,913,422
(24,545)
(10,937)
5,661
2,221,557
Unrestricted Funds		 Restricted
funds
£
216,219
27,117
-
243,336		 Endowment
funds
£
-
-
850
-
850		 2023
£
531,974
60,677
1,914,235
(35,482)
General
funds
£
8,755
48,605
(27,154)
(24,545)
5,661
2,471,404

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.

Page 20

ST JOHN'S CHURCH, BUCKHURST HILL

DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES

FOR THE YEAR ENDED 31 DECEMBER 2024

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
2024
2024
£
£
204,086
-
11,561
81,077
-
-
637
94,533
3,680
219,963
175,610
310,622
118,958
310,622
118,958
(90,659)
56,652
100,927
(77,510)
10,268
(20,858)
5,661
2,221,557
15,930
2,200,699
Unrestricted funds		 Restricted
2024
£
18,127
2,050
-
-
-
20,177
10,400
10,400
9,777
(23,417)
(13,640)
243,335
229,695		 Endowment
2024
£
-
-
-
-
-
-
-
-
-
-
850
850		 Total
2024
£
222,213
94,687
-
95,170
3,680
415,750
439,980
439,980
(24,230)
0
(24,230)
2,471,404
2,447,174		 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

Rounding differences of £1 may occur

Page 21