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2020-12-31-accounts

PAROCHIAL CHURCH COUNCIL OF

ALL SAINTS’ WITH ST ANDREW’S

ANNUAL REPORT AND FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2020

ALL SAINTS’ WITH ST ANDREW’S

I N D E X

Year ended 31 December 2020

Page
Vision statement 2
Report of the Parochial Church Council
Legal objects and function 3
Strategic aims 3
Objectives and activities 4
Achievements and performance in the year 7
Future plans 11
Financial review 13
Principal risks and uncertainties 16
Structure, governance and management 18
Trustees’ responsibilities 20
Administrative details 21
Independent auditors’ report 24
Statement of financial activities 26
Balance sheet 27
Cash flow statement 28
Notes to the financial statements 29

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ALL SAINTS’ WITH ST ANDREW’S

R E P O R T O F T H E P A R O C H I A L C H U R C H C O U N C I L

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Vision Statement
Our vision: to see Jesus at the centre of every
life, every marriage, every family, every
workplace,
every
community
and
every
nation.
We understand this to express the fundamental Christian
belief that Jesus Christ is Lord of heaven and earth and all
things and activities within them.
All Saints’ with St Andrew’s is a community of people in
mission obeying the call of God to proclaim the Gospel in
word and deed through the power of the Holy Spirit, so
that this vision is fulfilled.

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R E P O R T O F T H E P A R O C H I A L C H U R C H C O U N C I L

Year ended 31 December 2020

The Parochial Church Council (PCC) of All Saints’ with St Andrew’s presents its annual report, together with the audited financial statements, for the year ended 31 December 2020. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (Financial Reporting Standard 102 (FRS 102)) in preparing the annual report and financial statements of the charity.

LEGAL OBJECTS AND FUNCTION

Our objects: All Saints' with St Andrew's principal object is to promote, in the Ecclesiastical parish of Woodford Wells, the whole mission of the Church.

Our function: The PCC is the body of Trustees whose main function is to co-operate with the Vicar in promoting that whole mission - pastoral, evangelistic, social and ecumenical. It also has statutory responsibility for the care and insurance of church buildings and property, for keeping proper financial records and for a range of other statutory matters, including health and safety procedures relating to employees, volunteers and visitors.

STRATEGIC AIMS

The PCC's strategic aims are developed and expressed as mission aims against the backdrop of values and a theological framework established over many years.

Our values: Recognising the love of God for all people and his commitment to His church, the PCC and the whole church community aim to respond with whole-hearted commitment to the Lord Jesus. Our values are:

Theological framework: Our church family believes people matter to God and seeks to serve our local community irrespective of their beliefs or response. The church endeavours to present the Gospel of Christ in word and deed in the belief that all people need to know Jesus for themselves. The church also believes that most people are likely to become disciples of Jesus if church members live a Christ-like life amongst them, share the good news of Jesus, demonstrate God’s love and prayerfully expect the Holy Spirit’s power to transform individuals, communities and whole nations.

All Saints’ has become a Resource Church in the Diocese and lies at the centre of The All Saints’ Minster (“the Minster”), a Mission and Ministry Unit (“MMU”) comprising the two churches of our own parish, together with the parishes of St Cedd’s Barkingside, St Paul’s Hainault, All Saints’ Highams Park, and Holy Trinity South Woodford (from January 2020). In addition, we are responsible for the oversight of the church plant at Barking Riverside. All Saints’ with St Andrew’s is also a member of the Evangelical Alliance and has a long standing relationship with New Wine, a Christian organisation that pursues similar objectives in the UK and overseas. We also have a relationship with Westminster Theological Centre (WTC) and act as a training hub for the delivery of some of its theological education programmes and courses.

Our mission : The PCC's aim is that the church be a worshipping community which encourages all members to live a mission lifestyle, to share resources for mission work, and to direct ourselves to bringing Jesus to the centre of every life, marriage, family, workplace and nation.

In order to achieve these aims the PCC has developed a mission strategy for attaining its vision for the future. Although we meet in different congregations and in different church buildings the church community aims to be one worshipping community, sharing vision and values with Jesus at the centre.

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Within the life and activity of the church and in the resourcing and development of the Minster, our mission aims are expressed in four ways:

Presence : Jesus is brought to the centre of individual and corporate life when Christians live side by side with others, sharing their struggles and joys and building relationships of trust. In the context of these trusted committed relationships, faith can be shared at many different levels and the love of God perceived by people through Christian words and deeds.

Proclamation : Jesus is brought to the centre of individual and corporate life when Christians give voice to the Gospel - the Good News of Jesus Christ. As a church community we encourage, teach and celebrate the sharing of the Gospel both in personal testimony and through the use of creative arts.

Practical ministries : Jesus is brought to the centre of individual and corporate life when Christians demonstrate the transforming power of the Gospel through practical service and action in society. This might happen through the political process, through the charitable sector, in education or health, in partnership with local government or through expressions of kindness and care on either an individual or group level. In each case the intention is making real the transforming power of God’s love amongst his people.

Power of God : Jesus is brought to the centre of individual and corporate lives when Christians allow the power of God to confront the evil principalities and demonic powers of this current age. This might happen through ministries of deliverance and personal renewal, through peace and reconciliation ministries, through the prayerful transforming of communities in intercession or through the working of the redemption of unjust structures in society. In each case the victory of God in Christ over every form of evil is made evident in people’s lives for their blessing and benefit.

OBJECTIVES AND ACTIVITIES

Our activities : When planning activities for the year, the Vicar and the PCC consider the Charity Commission’s guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion. The PCC looks to its principal object and strategic aims to give structure to the activities and the objectives it sets.

Strategic priorities : In the light of on-going review and reflection by the staff and PCC, our strategic priorities continue to be on marriage and family ministry, youth and children’s work, evangelism and social action, all in the context of the evolving Minster where the PCC looks both to the immediate parish and to the resourcing of these ministries in other places.

Other key emphases : The strategic priorities and four expressions of Christian life and mission described above have led the PCC and staff to the following points of emphasis:

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Through carrying out these objectives and in promoting the whole mission of the church (pastoral, evangelistic, social and ecumenical) the PCC is confident (having had regard to Charity Commission guidance) that it delivers public benefit through community engagement, is a resource for the wider church, and supports those in need both spiritually and physically.

Parochial Ministry

The development and maintenance of a strong worshipping Christian community is achieved through the teaching in the church and online, both on Sunday and midweek, and also by running courses at a small group level to address particular aspects of Christian living. Staff members oversee the content of Sunday and other online services with significant lay involvement. Midweek courses are run by both staff and lay people with the main emphasis being on involvement in the small group life of the church. Small groups provide a significant structure for on-going pastoral care with crisis pastoral care being provided through the staff and pastoral committee and through various specialist pastoral ministries of counselling and bereavement care.

To enable this to be sustained, the following activities are undertaken:

Providing materials, refreshments and occasional visiting speaker costs for services.

Much of the work is done privately, without recognition and by volunteers, and the hours and value of that time cannot be quantified.

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Parish Share

The PCC makes a voluntary contribution to the Diocese of Chelmsford’s Parish Share Scheme, which is used to meet the stipendiary cost of ordained ministry and central diocesan support structures. In return, the stipends and employment costs of most of our stipendiary clergy are borne by the national Church. The PCC aims to pay in full the contribution allocated to it through the MMU process.

Grants

Individuals continue to go out from the community of All Saints' with St Andrew’s to serve God in other parts of the world. The PCC aims to maintain a level of giving to missions, giving agencies and individuals, both at home and overseas, whilst continuing our financial contribution to mission through the Parish Share Scheme.

External Ministry

The church community exists to proclaim the Christian gospel and serve others. The PCC places a strong emphasis on outreach and community engagement. This continues through Life Events (baptisms, weddings, funerals), through the church’s service to the community and through individual Christian witness. Encompassed within church outreach is such work as community social action projects and events, church courses that explain the Christian faith, and courses which equip people with skills to enhance marriage, family life and community life. In particular, the PCC enables the staff and church community to engage in the following activities (subject to all relevant legislation and public health guidance):

The Atrium coffee bar is an expression of Christian hospitality and welcome to people from the local community as well as members of the church. It provides a place of gathering for those attending church activities but also for those who simply seek company, in this way building relationships and community.

Supporting many expressions of Christian witness, the church strives to proclaim the gospel in word and deed. Examples of these are weekly toddler groups, luncheon club and monthly “Who let the Dads out?” events for dads and toddlers, all of which encourage participation by people not part of the regular Sunday attendance community.

Providing community benefit through the provision of an excellent venue with a variety of wellequipped rooms for hire, enriching people’s lives by enabling a wide range of activities, interests and celebration spaces to be made available locally.

Serving the spiritual needs of the local community and church family at significant times in their lives.

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The PCC enables the development of ministry and mission across the Minster by the sharing of financial resources, facilities and people, including staff and lay members.

ACHIEVEMENTS AND PERFORMANCE IN THE YEAR

2020 was a year of extraordinary hardship and loss for many people, with the Covid-19 pandemic and the consequent restrictions. The church has been deeply involved in reaching out to support people through their grief, their anxieties, and through the loss of income and support that many have faced. At the same time, the church’s ministries have been profoundly affected by the restrictions. This led to a significant reduction, over the ten months since the pandemic began, in activity onsite and an explosion of online activity. Whilst many volunteers will not have been able to contribute their time in the normal manner, others (especially in the staff team) have been busier than ever, often in roles where new skills have had to be learned. We cannot emphasise enough how grateful we are for these contributions.

Volunteers

The PCC and wider church community remains grateful for the unstinting efforts of its volunteers, though these have been greatly affected by the pandemic as noted above. It is estimated that well over 200 people provided services to the church during this financial year. The number of hours of service provided and their value to the church cannot be estimated or quantified. We are also dependent on the leadership provided by members of the church staff team.

Staff team

There have been an even greater than normal number of changes to the staff team in the past year. We have been pleased to welcome David and Maggie Baker and their family in July 2020 . David is serving his title post curacy at All Saints’. At the same time, we welcomed Urbain and Ivonette Yombe and their family . Urbain is serving on the team at Church at Barking Riverside. Both David and Urbain were ordained deacon in September.

In January 2020, Abi Todd moved to take responsibility for Holy Trinity South Woodford as the latest expression of our vision to revitalise churches across a wider area. Following Abi Todd’s induction as Curate-in-Charge of Holy Trinity South Woodford, the church transferred from its current MMU to the All Saints’ Minster. Although there was little time before the pandemic affected all activity, progress has already been made, with a new service pattern, the appointment of an intern to support children’s work and social media, and new online courses. Abi was confirmed as Priest-in-Charge during the autumn and Holy Trinity are hoping to welcome a new curate in the summer of 2021.

Since the summer we have had several significant departures from the staff team. Following her husband David’s retirement, Debbie Hobbs indicated that they will be moving away from Woodford and that she would be stepping down as our Operations Manager. We were grateful to her for postponing this for a few months because of the pandemic but she left our employment in October. Debbie’s contribution over the past few years has been huge, but she leaves a very well trained and capable team. Another person who left after many years is Sophie Weller . Sophie has been in ordination training for the past two years and has decided that in her final year of ordination training she needs to focus again on adult ministry and involvement in the Sunday services rather than children’s work. As our first ever staff Children’s Worker, Sophie has shaped what is one of the most fruitful areas of our church’s life with youth and children’s ministry now being

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overseen by Fiona Green . We are taking the opportunity to review what is needed in developing children’s work for the next season, not least with Fiona’s forthcoming maternity leave in mind. A final departure of a long-standing staff member was the retirement of Jean Deudney. Jean was a great support to many in recent years as she developed the systems and structures for occasional offices (baptisms, weddings, and funerals, now collectively called “Life Events” by the Church of England). She did this with a wonderful pastoral heart, which was appreciated by so many, and always encouraged people into the life of the church.

Former Interns who were retained in more senior positions, namely Leah Hembury and Matt Bird , have now both moved on to new ministry roles. Leah has recently married and with her husband is serving another internship at St Helen’s Bishopsgate. We were delighted to hear that they have both been recommended for ordination training. While here, Matt made a significant contribution to the worshipping life of both this church and St. Paul’s Hainault, but has moved on to become Worship Pastor at Emmanuel Northwood. We were sad to see him leave but pleased that we have been able to give him sufficient experience to secure such a senior staff position elsewhere. Both are great examples of the benefit of the New Wine Discipleship Year in helping young people explore and develop their vocations.

At Easter, Dennis Martin turned 70 and officially retired from the staff team. He will continue to take some ministry in retirement as he divides his time between Woodford and his new home in Norfolk. Dennis continues to be involved in our pastoral ministries.

Continuing our recent practice of retaining Interns in more senior roles, Charley Mackrill was appointed to a one-year post as Leadership Assistant. Although her previous experience was almost exclusively in youth work, she has made a big contribution to our children’s work, especially since it was all moved online.

Special mention needs to be made this year to the Operations Team, the Worship and Tech Team, and Youth and Children’s Work Team. The impact of the pandemic has meant that every aspect of church life has been affected and has led to a huge change in site operations, worship services, and ministry to young people and their families. The teams have performed marvellously, and the congregation have regularly expressed their appreciation for how the pastoral and worshipping life of the church continues to be sustained and developed. We have exceptional leadership from Ken MacGregor , ably supported by Natalie Cope, Fiona Weaver, Liz Harwood and now Claudia Williams , in the office. On the worship and tech side, Martin Donovan, Bob Darby, Tarun Sundersingh , interns and others have enabled us to have an online presence with worship and services that has kept the congregation engaged incredibly well with the ongoing mission and ministry of the church. Under the leadership of Fiona Green and Cat Birch , the youth and children’s team have developed new ways of maintaining contact with young people and their families, as well as starting a very effective and popular Sunday morning family service. It has been exciting to see some lay members of the church take new roles in our online services.

We continue to find it difficult to recruit a Choir Director . Recruitment for this position remains on our agenda. In the meantime, we remain grateful for the leadership of Bill Cumber, David Sutton, Rachel Whitelegg and others, who have ensured that the choir remains in good heart. With the move to online services, Bill Cumber has been working closely with Bob Darby to ensure that we have good video content of hymns and anthems for the new 9.15am zoom service. We are especially grateful to Stephen Redburn for his assistance in editing multi-screen “virtual choir” videos which have enabled our choir to regularly contribute to services and celebrations.

Sadly, it has not been possible to open The Atrium café since March, and we have been making full use of the Government furlough schemes for the Atrium staff. When it appeared that the scheme was coming to an end in the autumn, we explored redeployment or redundancy to those staff. In the event, the furlough scheme was extended, however one staff member opted for voluntary redundancy (having other jobs that would mean he was not in hardship) and another ( Claudia Williams ) began a new contract as co-ordinator for Life Events, taking on much of the role vacated by Jean Deudney. We hope though to re-open the Atrium at some point in 2021 as it plays such an important role in connecting with our community.

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Celebrations and special events

We continue to believe that we should invest in conferences and celebrations which feed not only our own members but those from the surrounding area. In the past year we have hosted conferences for the Diocese, for Lin Button’s Healing Prayer School, and a number of local events for New Wine. In 2020 these were significantly impacted by the pandemic, although some were able to find an online expression. It is likely that the difficulty of running events and celebrations will continue for much of 2021.

External giving

Now that Parish Share is calculated and devolved to the MMU, All Saints’ is able to directly support parishes within the Minster. We have, in addition, made a contribution to the wider Diocese, above and beyond covering our own MMU’s costs. We were also able to maintain support for mission agencies and individuals sent out in mission and were delighted with the response to the various gift days, despite concern with the national economy and peoples’ personal circumstances. The generosity of the church family was seen not only in an amazing response to the Planned Giving scheme, which helped offset the financial effects of lost income through the pandemic, but also in a special “Resourcing the Vision” gift day at Pentecost (to support mission in the other churches of the MMU) and the launch of the parish “Hardship Fund” (offering support to those who are struggling in these hard times).

Transforming presence

The All Saints' Minster continues to expand under Paul Harcourt’s leadership. The staff team continue to develop ways to work together effectively and lead a unit of what is now seven churches across six parishes.

We remain convinced that this is an exciting model for the re-evangelisation of the local area, including our own parish, and we hope that all six parishes in our minster will flourish. We remain grateful for the leadership of Gary and Alison Wilson as community and mission pastors at St Cedd’s Barkingside (under Paul Harcourt’s incumbency as Priest-in-Charge), Ken Ashton and the team at St Paul’s Hainault, Malcolm Porter at All Saints’ Highams Park, Sam and Anna Pollard of Church at Barking Riverside, and Abi Todd at Holy Trinity South Woodford. Creating a “pipeline” of leadership development to sustain this is a major challenge for the years ahead.

Interns, youth and children’s work

We continue to run the New Wine Discipleship Year, and in partnership with the Diocese administer the Interns and Discipleship scheme which enables churches that are financially unable to support interns to experience the benefits of this significant training and development initiative. Responsibility for the NWDY remains with Thom Jee , and David Baker has stepped in to provide support and administration. For the year 2020-21 few churches are taking on interns because of the pandemic, however we have four students based at All Saints’ and St Andrew’s, together with one other based at Holy Trinity South Woodford. Nevertheless, the scheme is strong, although it appears unlikely that we will be able to offer an overseas mission trip in this academic year. The calibre of speakers and of training continues to be high, and makes this a significant contribution to the wider Church and development of younger leaders.

As noted above, youth and children’s work has moved online, however the team are already thinking about how to reconnect with young people and their families, once restrictions are lifted.

Theological training

The Westminster Theological Centre local hub continues and is a significant resource for the wider church. Robbie Joiner continues as our Hub Director, and the feedback from the students is very positive. There was another dip this year in the number of students, with several applicants dropping out in the last week before term started. To address this, recognising the impact of the pandemic makes this more challenging

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again, we have split the Hub Director role from Dec 2020 and are seeking to recruit a Hub Partnership Manager, who will focus especially on marketing and student recruitment. As well as the general benefit of continuing theological education, we see the hub as significant in developing leaders for our future mission plans.

Major festivals

Both Easter and Christmas services were severely affected by the pandemic, but the teams worked tirelessly to ensure that they could be celebrated well, though largely online. These services were much appreciated by both the congregation and wider community. Acknowledgement should be made of the large number of people who offer their gifts and skills to make these events so successful, with the Christmas celebrations (where limited in-person attendance was possible) particularly being an excellent example of us working together as a church across the different services.

New Wine

All Saints’ with St Andrew’s continues to play a major role in the New Wine movement with large numbers of people from the church community both attending and working on team at conferences both in this country and abroad. Paul Harcourt is the national leader of New Wine, committing on average three days a week to that role. Paul continues to lead the North-East London local network, based at All Saints’. We continue to host other leadership gatherings, training days, and worship events for New Wine. New Wine makes a donation in support of the general ministry of All Saints’ Woodford Wells (ASWW). The church’s life and influence continue to be enriched through our involvement in New Wine.

Like the church, New Wine has had to move much activity online because of the pandemic. Paul and Becky Harcourt , together with Martin Donovan , were involved in leading the “United Breaks Out” online conference in August, and many members of the church family were able to engage with this, including some who gathered in Woodford for the seminar programme, one of the few in-person activities possible this year.

Site activity

As noted above, site activity was, at points, completely suspended because of the pandemic restrictions. As these restrictions were eased, we were encouraged to see some of regular hires restart. The operation of the site in a Covid-safe manner remains complex and demanding though. We hope to see site activity begin to return to previous levels later in 2021, however we recognise that many of our own church activities are heavily dependent on volunteers, who will have to be reassured that meeting is safe.

Outreach

The pandemic has stopped most of our in-person courses, however the Spring term (before restrictions began) saw a very popular and successful pilot of the “Kintsugi Hope” mental health course. We have continued to offer training and support in this area.

Clergy and staff have continued with the regular church outreach but moving largely online. In recent years the team has experimented with new ways of delivering the material within the “Alpha Course”, using the “Life Course” version of the course developed at St Mary’s Bryanston Square, however the pandemic has made it more sensible to move back to using the professionally produced online Alpha talks. One advantage is that courses can be led by anyone at any time, so we have taken the strategic decision to focus on training people to run their own courses rather than provide a central version. There have been extremely encouraging results in terms of new adult conversions. We are clear that there has been a strong connection between this increased impact and the prayer initiatives led by Gareth Dicks , which have flourished during lockdown.

Prayer ministry is offered through our online services and has been greatly appreciated.

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Mission connections

The PCC continues to maintain the parish's historic commitment to the Mission Agencies and Societies, with which we have links, and people have continued to be sent out from All Saints’ and St Andrew’s on shortterm mission work. The church link with the Diocese of Taita Taveta in Kenya remains strong, as do our links to South America and Egypt through Church Mission Society (CMS). Joe and Sarah Harvey continue to develop the link between CMS and Egypt, and it is good to hear that they have become established in their new ministry.

Creation Care

The growing awareness of the climate emergency prompted a thorough review of our stewardship of resources in 2019. A full sustainability audit was held which resulted in several areas of improvement which have been implemented by the staff team. In addition, we have engaged in initiatives to involve and inform the congregation such as the promotion of “keep cups”, new recycling bins for disposable and biodegradable coffee cups, “car free Sunday”, and replacing our historic “Toy and Gift” day with a financial offering so that we can improve efficiency and reduce waste by enabling the supported charities to purchase only what is needed. In 2020 a number of “creation care” initiatives were planned, which began with a January “Clothes Swap” event, however other initiatives were postponed as a result of the pandemic. Our tea and coffee in church is all Fairtrade-certified and we have Fairtrade accreditation as a church. Creation Care is an important aspect of our discipleship and remains under review.

FUTURE PLANS

The PCC continues regularly to review all aspects of the church’s life, having engaged with the Archdeacons’ “PCC Health Check” document as part of Re-Imagining Ministry initiative of the Diocese.

The five priorities of our future development remain:

The Sunday attendance in the first two months of 2020 typically fell in the 600 - 650 range, however it is hard to quantify numbers since we have moved services online. Nevertheless, our analysis of data for our livestreams, recordings and zoom services show that many members of the church family have faithfully continued to connect with the worshipping, prayer, fellowship, and discipleship life of the church. Some people may have fallen out of the habit of church engagement during 2020 and regathering people will be a major focus when circumstances allow.

The PCC and staff remain focused on growing attendance across the MMU. Within All Saints’ we look specifically in five areas:

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A review of service patterns was planned for the early months of 2020, arising in part from the success of several special 9.30am services during the autumn term. There had been encouraging signs of a broadening in the demographic served by that service. This review will now also take into account the experience of worship during 2020, which although challenging has shown new ways of engaging with each other. We are expectant that the hybrid model of church attendance (gathered and online) is now with us permanently.

Challenges

We continue to face challenges in the coming year because of the pandemic. Finances are currently healthy, but we know that the economic impact of lockdown may take some time to be fully felt. Return to sustainable and supportable levels of activity will need to be judged carefully. New patterns will have emerged during this time in the way that we meet with each other, and as noted previously we cannot assume that all will want to re-engage with our church life as they did before.

There are increasing opportunities for mission, both through our existing Church ministries and in our own personal lives. The emphasis on personal evangelism needs to continue. The invitation to be a “Resource Church” for the Diocese underlines the need to develop, deploy and support what the Bishop has referred to as “Apostolic Teams”, who will be able to plant and grow new churches or revitalise existing congregations. This is a challenge for the whole congregation, not only those who are specifically called and sent out. Developing a new pipeline of leaders, extending this not only to the lay staff but also to wider lay leadership, present and potential, will be a major feature of the coming season.

We recognise that the pandemic has also provided an opportunity for us to listen to God and be shaped for the new situation in the years to come. Our sense is that the following are part of this development:

The PCC continues to monitor the salaries paid to our employed staff with suitable benchmarks; the PCC recognises that this is an ongoing challenge.

Planned events

We await the easing of restrictions, so currently have no firm plans for major events.

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FINANCIAL REVIEW

Financial Performance

Operating Activities

2020 Actual 2020 Budget 2019 Actual
Income 952k 980k 952k
Expenditure (946k) (1,058k) (1,002k)
Surplus / (deficit) 6k (78k) (50k)

The 2020 operating activities budget for the parish, approved by the PCC, was to make a £78k loss before any transfer from the Mary Lee fund to cover expenditure on the upkeep and the fabric of All Saints’. The actual result was a £6k surplus (£5k for St Andrew’s and £1k for All Saints’), from £952k income and £946k expenditure.

£952k of income is exactly the same as achieved in 2019, but due to the pandemic the sources were significantly different. Unsurprisingly many sources of income, particularly income from charitable activities, were not resilient to the pandemic and fell significantly. For example, collections were £45k lower, site rental £35k lower and atrium coffee bar £47k lower.

At different times during the year eight members of staff were furloughed, as a result, a £44k grant was receivable from the Coronavirus Job Retention Scheme.

The activities of the church are principally funded by tax efficient giving by church members. The actual planned giving income, including income tax recoverable, increased by £118k from £633k in 2019 to £751k in 2020, an increase of 18.6%. This reflected both increases in regular giving and a small number of one-off gifts. In 2020 planned giving accounted for 79% of operating income (56% in 2019).

The PCC is both delighted and thankful that the church family responded so faithfully to the challenges of 2020. This is especially so given that during the year some members moved to other churches or plants in the MMU, transferring their giving to that ‘new home’.

Expenditure in 2020 was £56k lower than in 2019. This reduction reflected the significantly reduced activities on the main church site (for example in Atrium costs, cleaning and utility costs), with some offsetting and anticipated increases in parish share and salaries. The stronger income from planned giving also enabled some increases in grants made, with Gift Day receipts being supplemented from general operating funds.

In the general operating activities expenditure £49k of costs were in respect of the upkeep and the fabric of All Saints’, so a transfer of £49k has been made from the Mary Lee Legacy fund to the All Saints’ general operating activities fund to cover this expenditure.

Over the last five years the church has also benefited from the receipt and notification of generous bequests from former members of the congregation. In 2018 a legacy of £265k was accrued as the estimated receipt from the estate of the late Jean Skelton, which is the Accrued Legacy fund within the All Saints’ general fund. Following delays in the realisation of the assets in the estate and costs of its administration, it is now anticipated that the legacy will be received during 2021 albeit at a lower level than originally accrued. A receipt of £220k is now anticipated, so legacy income in 2020 reflects a reduction in the accrued balance of £45k.

Details of the movements on the general, designated and restricted funds are shown in note 16. The PCC has allocated £250k to the All Saints’ general operating activities fund, which is slightly above its reserve policy, allowing £50k to be transferred from the All Saints’ general operating activities fund to the Property Purchase fund. The Property Purchase fund stands at £287k at 31 December 2020.

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ALL SAINTS’ WITH ST ANDREW’S

Year ended 31 December 2020

The movements on designated funds relate to £17k of organ refurbishment, £13k expended at Holy Trinity South Woodford and £8k of depreciation in respect of the Connect project.

The restricted funds have reduced slightly from the opening balance. The main reason for the decrease is the transfer of £49k from the Mary Lee fund to All Saints’ general operating activities, referred to above. There are a number of other movements including £12k net increase to the Church at Barking Riverside funds, £24k representing the undisbursed balance on the Hardship fund raised in 2020 and £16k net decrease to the organ fund reflecting works done in the year.

2021 Budget

2021 Budget
2021 Budget 2020 Actual 2019 Actual
Income 860k 952k 952k
Expenditure (927k) (946k) (1,002k)
Surplus / (deficit) (67k) 6k (50k)

For 2021 the budget for the parish is to make a £67k loss on operating activities, before any transfer from the Mary Lee fund to cover expenditure on the upkeep and the fabric of All Saints’ (which is expected to be around £50k). The budgeted deficit is split £1k surplus for St Andrew’s and £68k loss for All Saints’, before the Mary Lee fund transfer.

The lower budgeted income (£47k less than was received in 2020) reflects the continuation of lockdown restrictions into 2021, again impacting site income and collections and a realistic view of anticipated planned giving income.

Expenditure is budgeted at £927k, which is £19k less than actually spent in 2020. In addition, the PCC expects to renew the lighting in All Saints’ church and repair the stonework in the West wall in 2021, at a cost of circa £65k. These renewal costs will ultimately be funded from the Mary Lee fund .

We acknowledge the need for the continuation of our Stewardship Campaign to encourage new and existing members of the church to commit to regular giving in a tax efficient manner.

Balance sheet position

The net assets at the balance sheet date totalled £3,130k (2019: £3,187k). Included in this figure are two general fund residential properties totalling £1,350k. Of the remainder £919k is held in restricted funds (of which £680k is represented by a further residential property), leaving £861k in unrestricted funds. Within unrestricted funds £57k is designated and £804k is general. The designated and restricted funds include £22k and £24k respectively, in the Development and Maintenance Depreciation fund, held as fixed assets, which will be used over the next 6 years as depreciation is charged.

The total cash balance at year end amounted to £857k of which £221k is restricted (see note 17) and of the balance £40k is designated leaving £596k available for general unrestricted funds, which is sufficient for 7 months of normal operating activities, based on 2021 budget figures. The general unrestricted funds exceed the reserves policy as the Trustees are seeking to build cash to have sufficient to purchase a property as well as for operating activities.

The Trustees consider that the operations continue to be viable given the current rate of income and unrestricted funds.

Properties

In 2019 the PCC authorised the SMT to investigate the purchase of a suitable property within the parish, if possible. Any such purchase will be funded from the Property Purchase fund of £287k, receipt of an accrued legacy and other internal resources. Whilst such a purchase continues to form part of its plans, at the date of these accounts no commitments have been made in respect of this search.

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Year ended 31 December 2020

Reserves policy

Free reserves

We are a faith community and rely principally on funding from members of the congregation as led by God. It is the PCC’s policy to maintain a balance of available general unrestricted funds in cash and bank accounts (where possible) to equate with 3 months (25%) of annual unrestricted payments, to cover emergency situations which may arise from time to time. This has been achieved at 31 December 2020.

Designated funds

The PCC may designate additional unrestricted funds to be retained for an agreed purpose where this is considered to be prudent. Such designated funds are reviewed on an annual basis and returned to the general unrestricted fund in the event that the purpose of their designation is no longer considered to be adequate justification for their retention. A description of each fund together with the intended use of the fund is set out in note 16. At 31 December 2020 total designated funds were £57k (2019: £95k).

Restricted funds

The PCC holds several restricted funds, totalling £919k at 31 December 2020 (2019: £948k). A description of each fund together with the specified use of the fund is set out in note 16.

Fundraising policy

The PCC has adopted a Fundraising policy which recognises that as a charity we are dependent on the support of the members of our congregation. All regular members of the church are encouraged to participate in a committed manner, through the Planned Giving Scheme, to the general financial needs of the church. This, together with the relevant tax recoveries, is the main source of regular income to the church. We do not use external fundraisers or direct mailing to the general public.

Pay policy

The PCC aims to be recognised as a good and reasonable employer respecting the skills, abilities and personal aspirations of its staff, and seeking to help them to develop their contribution to the effectiveness of the ministry of building the Kingdom within the community. The PCC annually reviews the Pay policy in order to ensure that the pay structure fairly reflects the seniority, experience and responsibilities of its staff. The PCC pays the London Living Wage as a minimum to all staff over the age of 25 on a permanent contract. Employees aged between 18 and 25 will be paid at a rate based on their age rather than the London Living Wage.

Grant making policy

Grants are made to individuals and organisations to promote the fundamental Christian belief that Jesus Christ is Lord of heaven and earth. This involves helping those who are:

In carrying out this objective, the PCC continues to support a variety of societies and agencies with which the church community has a strong personal relationship. Individuals continue to go out from the community of All Saints’ with St Andrew’s to serve God in other parts of the world. Note 3d shows the amounts which have been given to individuals and organisations.

Investment policy

The PCC recognises the need for good stewardship of any excess cash balances that the church may hold from time to time. The Risk and Governance Committee (RGC) of the PCC is authorised to research and recommend any bank deposit account that it considers suitable for the holding of short-term balances. Any

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R E P O R T O F T H E P A R O C H I A L C H U R C H C O U N C I L

Year ended 31 December 2020

new account recommended by the RGC to the PCC will be authorised by the PCC at one of its meetings. All accounts must be capable of responding within the projected cash flow requirements of the PCC. All accounts operated by the PCC will be with institutions authorised by the Prudential Regulatory Authority and regulated by the Financial Conduct Authority.

The PCC recognises the need to diversify its cash holdings so as to minimise the risk of a bank failure. At the year end the PCC holds funds on deposit with the following banks and financial institutions:

The PCC has asked the RGC to monitor the balances on the above deposit holders and to report to it if the balances held at any of the institutions exceeds £250,000. At present the PCC has agreed to maintain higher cash balances in light of the proposal to purchase an additional property in the future.

It is not currently the policy of the PCC to invest in non-cash assets. Details of the interest received in the year are shown in note 2d.

The PCC also holds three residential properties for staff, which are non-income producing and are not held as investments. Details of these are shown in note 11. As one of the properties is held in a Restricted fund the RGC has recommended, following professional advice, that the General fund makes an internal rental payment of £1.5k per month to reflect the net rental achievable in the open market. During the year £18k was transferred in respect of this arrangement.

PRINCIPAL RISKS AND UNCERTAINTIES

The PCC is responsible for the identification, mitigation and or management of risk. To achieve this, a register of all the risks identified is maintained and, alongside it, a management and mitigation strategy formed. This is subject to review by the PCC on an annual basis with the responsibility for delivery of the mitigation strategies identified by it being delegated to the Churchwardens.

Risks

The risk register identifies four areas where the risk of either failure to act or the impact of the events is considered ‘high’. These areas and the associated mitigation strategies are:

Reduced Income: Reduction in congregational giving

Safeguarding: Where a child or vulnerable adult may be being abused or mistreated, whether by someone working for or on behalf of the church or in their outside environment.

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Year ended 31 December 2020

Key Staff Changes

Catastrophic Building Failure or Major Repairs

Uncertainties

In addition to the risks identified above, the PCC acknowledges that the continuing pandemic presents uncertainties in relation to the church’s operations in 2021. These include whether, and if so, when large gatherings for worship will be permitted and full use of the church site and facilities will be possible. It is also anticipated that it may take some time after legal restrictions are lifted for church members and visitors to return to anything like pre-pandemic patterns of activity. Whilst a successful programme of vaccination currently in train suggests that such a return may be achieved by the end of 2021, this is not certain and its achievement could be delayed by several factors, particularly mutations of the Covid-19 virus. The changes in church operations triggered by the pandemic, for example

may persist into the future. It is possible that an increased level of online activity and a consequent reduction in numbers of people attending services in the church building or using our facilities may be permanent. The PCC has reflected these uncertainties in setting a budget for 2021 and is confident that its responses mean that the church is well placed to meet these challenges in a sustainable manner.

Related Party Transactions

The RGC is responsible for monitoring and approving any transactions with related parties (for related party transactions see note 10).

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R E P O R T O F T H E P A R O C H I A L C H U R C H C O U N C I L

Year ended 31 December 2020

STRUCTURE, GOVERNANCE AND MANAGEMENT

Summary Information about the structure of the Church of England

The Church of England is the established church and HM The Queen is its Supreme Governor. It is organised into two provinces (Canterbury and York) and 42 Dioceses. Each Diocese is a See under the care of a Bishop who is charged with the cure of souls of all the people within that geographical area. This charge is shared with priests within benefices and parishes which are sub-divisions of the Diocese.

The Diocese of Chelmsford is split into three areas - Barking, Bradwell and Colchester - each with an area bishop. These areas are subdivided into archdeaconeries and then deaneries. All Saints' with St Andrew's is the largest church within the Redbridge Deanery and has formed a MMU of six parishes called All Saints’ Minster.

Organisational structure

All Saints’ with St Andrew’s is part of the Diocese of Chelmsford within the Church of England. Under the provisions of the Charities Act 2006 the parish registered separately with the Charity Commissioners in February 2009. The parish was registered as The Parochial Church Council of the Ecclesiastical Parish of All Saints’ Woodford Wells but throughout the year used its long established descriptive name of "All Saints' with St Andrew's”. The Charity Registration Number is 1128042 and the HMRC Charities Reference Number is X20650. Its governing documents comprise the Parochial Church Council Powers Measure (1956) (as amended) and the Church Representation Rules.

During the year ended 31 December 2020 All Saints’ remained registered as a separate Charity under the Charities Act 2011. Trustees (members of the PCC) are either ex-officio, elected by the APCM or co-opted by the PCC in accordance with the Church Representation Rules.

Title to the property interests of the PCC as at the date of this report are held on its behalf by the Chelmsford Diocesan Board of Finance as Custodian Trustee.

Decision making structure

The PCC meets 10 times a year and the Trustees are supported by the following committees which operate under Terms of Reference approved by the PCC:

Standing Committee Senior Management Team St Andrew’s Committee Risk and Governance Committee Mission Committee

The roles and operations of the committees are summarised below:

Standing Committee

The Standing committee of the PCC consists of the Vicar, the two Churchwardens, the Treasurer and another elected member of the PCC. There was no requirement for the Standing Committee to meet this reporting year and therefore there was no appointment of an elected member of the PCC.

Senior Management Team (SMT)

The SMT carries out the detailed, day to day and routine work of the PCC between PCC meetings. The SMT is accountable to the PCC, and the Vicar reports any significant issues considered by the SMT at the next PCC meeting. The SMT meets usually once or twice a month, as required by the Vicar, who chairs the meetings.

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ALL SAINTS’ WITH ST ANDREW’S

Year ended 31 December 2020

St Andrew’s Committee

This committee supports the Minister in Charge in the running of services in and outreach from St Andrew’s. It is also responsible for managing the St Andrew’s budget within the overall budget of All Saint’s with St Andrew’s as agreed by the Treasurer. It also monitors the use and allocation of any restricted funds given for St Andrew’s. The Minister in Charge makes a regular report at each PCC meeting on the development of ministry at St Andrew’s. The Committee meets 5 times a year.

Risk and Governance Committee (RGC)

The RGC supports the Treasurer in his position and provides oversight on behalf of the PCC on the governance of the church’s activities & finances, its strategy, risk management and the responsibilities of the Trustees of the PCC, including reporting to the Charity Commission and other regulatory bodies. The RGC is chaired by the Treasurer and reports any significant issue to the PCC.

Mission Committee

The Mission Committee reviews and monitors the parish’s missionary links and associations. It advises the Vicar and PCC on the financial support given to our missionaries and organises prayer support linking them to Home Groups.

The PCC's affiliations with The Evangelical Alliance, New Wine and WTC, whilst important in giving focus to its theological framework, do not impact on the operating policies adopted by the PCC in the day to day management of operations.

The PCC is aware that it remains the responsible legal body for all strategic decisions.

Trustee recruitment, selection and induction

A list of Trustees (PCC members) serving since 1 January 2020 to the date of this report is set out on page 21.

Active church members are nominated either by current PCC members or by other church members for consideration as potential Trustees. Selection is by annual election by church members at the APCM in accordance with procedures set out in the Church Representation Rules. All Trustees have to sign an annual declaration that they are a fit and proper person and that they are not disqualified from serving by the Church Representation Rules as a Trustee. Potential Trustees are required to sign the declaration prior to election at the APCM.

Newly elected Trustees are introduced into the life of the PCC at the first meeting following their election. An induction meeting is held in which their roles and responsibilities are clearly explained and the PCC is reminded at the beginning of each term of service of their responsibilities as Trustees. Ongoing teaching and training in the purposes of the church and the strategies adopted to pursue them is a feature of most PCC meetings. Trustees are also made aware of their requirements under law through legal briefing papers issued by the church’s finance team and other professionally qualified advisers and all new Trustees are issued with the Charity Commission booklet CC3 setting out the roles and responsibilities of Trustees.

Remuneration of key management personnel

The PCC, as the employer of all the paid staff apart from the stipendiary clergy, seeks to pay its staff at a rate consistent with other churches of a similar size and complexity, together with relevant benefits including a non-contributory workplace pension scheme administered by Standard Life and NEST. In addition, the PCC ensures that the ratio between the lowest and highest rates of pay is fair and reasonable, reflecting the seniority, experience and responsibilities of current staff.

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R E P O R T O F T H E P A R O C H I A L C H U R C H C O U N C I L

Year ended 31 December 2020

The Revd. Gareth Dicks, is employed by the PCC, as an Associate Minister. He is employed on the same terms as stipendiary clergy and the church have decided to utilise the payroll services of the Diocese to calculate his stipend and benefits. The church settles amounts due to the Diocese as requested. All his costs are included under staff employment costs, see notes 7 and 8.

Salaries are reviewed annually in January and approved by the PCC. There are no employees paid in excess of £60,000 per annum, see note 7. Key management are listed on page 22 and details of remuneration are shown in note 7.

Delegation of day to day delivery

Some day to day decisions on expenditure and activities are delegated to the staff and volunteers in charge of different areas of the church, with budgets set and activities monitored by the PCC and the SMT. The principal delegation by the PCC is to the Vicar, Paul Harcourt, and through him to the individuals with responsibility for particular areas and functions, the senior members of which comprise the SMT. Some staff hold the title of ‘Director’, but this relates to their function within the organisation and has no legal meaning within the terminology associated with the Companies Act 2006.

Data Protection

The PCC approved the current Privacy Policy on 19 January 2018 which is available to view on the church’s website. The PCC is responsible for ensuring that the church complies with the current Data Protection Regulation.

TRUSTEES’ RESPONSIBILITIES

The law applicable to charities in England and Wales requires the members of the PCC to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the PCC and of the incoming resources and application of resources during the year then ended.

In preparing those financial statements, the members of the PCC should follow best practice and are required to:

The members of the PCC are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the church and which enable them to ensure that the financial statements comply with the Church Accounting Regulations 2006 and the Charities Act 2011. The members of the PCC are also responsible for safeguarding the church’s assets and hence for taking reasonable steps towards the prevention and detection of fraud and other irregularities.

The members of the PCC are responsible for the maintenance and integrity of the corporate and financial information included in All Saints’ with St Andrew’s website. Legislation in England and Wales governing the preparation and dissemination of financial statements and other information included in Annual Reports may differ from legislation in other jurisdictions.

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R E P O R T O F T H E P A R O C H I A L C H U R C H C O U N C I L

Year ended 31 December 2020

STATEMENT OF DISCLOSURE TO THE AUDITORS

So far as the members of the PCC are aware:

APPOINTMENT OF AUDITORS

The re-appointment of Haslers as auditors to the Parochial Church Council of All Saints’ with St Andrew’s will be proposed at the APCM.

ADMINISTRATIVE DETAILS

Church Electoral Roll As at 31 December 2019 Net additions/(reductions) 80 As at 31 December 2020 577

Trustees

During 2020 and to the date of this report the following served as members of the PCC in the capacities listed:

Incumbent The Revd. Paul Harcourt (Chairman)
Associate Minister The Revd. Mark Castleton
The Revd. Gareth Dicks
The Revd. Sam Pollard
Curate The Revd David Baker (from July 2020)
The Revd. Thom Jee
The Revd. Dennis Martin (SSM) (to March 2020)
The Revd. Abi Todd (to January 2020)
The Revd Urbain Yombe (from July 2020)
Minister in Secular Employment The Revd. David Blackledge
Lay Worker Anna Pollard (from March 2020)
Diocesan Synod Frank Hawkins (Hon Treasurer)
Heather Housden
Deanery Synod Chris Abbess (to October 2020)
Les Crossland (to October 2020)
Peter Dowsett (to October 2020)
Sheila Oakes (to October 2020)
Sophia Burley (from October 2020)
Dean Gillespie (from October 2020)
Stella Redburn
Anne Sachs
Huw Williams (to October 2020)
Anisa Wright (from October 2020)

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ALL SAINTS’ WITH ST ANDREW’S

Year ended 31 December 2020

Churchwardens Heather Housden (churchwarden from October 2020)
Sarah Schroder (Vice Chair)
Martin Williamson (to October 2020)
Deputy Wardens Kath Berry (to October 2020)
Bayo Dosunmu (to October 2020)
Louise Felstead (from October 2020)
Matthew Jackson
Bert May
Terence Stamp (from October 2020)
Elected PCC Members Chima Allan (from October 2020)
Nick Clayton
Joanne Cull (to October 2020)
Louise Felstead (to October 2020)
Gill Hampton
Yasmin Omotosho (from October 2020)
Paul Sherrington
Josephine Smith
Christopher Somerville
Eunice Sparks
Keeley Stamp (from October 2020)
Terence Stamp (to October 2020)

During 2020 the following attended PCC meetings by invitation:

Pastoral Co-ordinator Helen Morris
Operations Director Ken MacGregor
Director of Youth, Children’s and Families Ministry Fiona Green
Leader of Pastoral Ministry Lin Button
Operations Manager Debbie Hobbs (to October 2020)
Youth Worker Catherine Birch
Worship Pastor Martin Donovan
Key personnel:
The church regards members of the SMT and department heads as its key personnel. During the year the
following served:
Church leaders The Revd. Paul and Becky Harcourt
Associate minister The Revd. Mark Castleton
Curate The Revd. Thom Jee
Churchwarden Martin Williamson (to October 2020)
Churchwarden Heather Housden (from October 2020)
Churchwarden Sarah Schroder
Treasurer Frank Hawkins
Operations Director Ken MacGregor
Operations Manager Debbie Hobbs (to October 2020)
Family Youth and Children’s Director Fiona Green
Worship Pastor Martin Donovan

Registered Office : The Parish Office of All Saints’ with St Andrew’s Inmans Row, Woodford Green, Essex, IG8 0NH Bankers : HSBC Bank plc

20 Electric Parade, George Lane, South Woodford, London, E18 2LX

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R E P O R T O F T H E P A R O C H I A L C H U R C H C O U N C I L

Year ended 31 December 2020

Deposit holders: Scottish Widows plc
67 Morrison Street, Edinburgh, EH3 8YJ
Church of England Central Board of Finance
Senator House, 85 Queen Victoria Street, London, EC4V 4ET
Auditors: Haslers
Old Station Road, Loughton, Essex, IG10 4PL
Solicitors: Laytons LLP
2 More London Riverside, London Bridge, SE1 2AP
Winckworth Sherwood
Minerva House, 5 Montague Close, London, SE1 9BB

This report was approved by the PCC on 22 March 2021 and signed on its behalf by:

Revd. Paul Harcourt Vicar

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I N D E P E N D E N T A U D I T O R S ’ R E P O R T

Year ended 31 December 2020

We have audited the financial statements of The Parochial Church Council of the Ecclesiastical of All Saints’ Woodford Wells (the ‘charity’) for the year ended 31 December 2020 which comprise the Statement of financial activities, the balance sheet, the cash flow statements and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

This report is made solely to the charity’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

In our opinion the financial statements:

Basis of opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:

Other information

The trustees are responsible for the other information. The other information comprises he information included in the trustees’ annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

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I N D E P E N D E N T A U D I T O R S ’ R E P O R T

Year ended 31 December 2020

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement set out on page 19, the trustees are responsible for the preparation of financial statements which give a true and fair view, and for such internal controls as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as appropriate, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with regulations made under section 154 of that Act.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

LAURA AMBROSE (Senior Statutory Auditor)

For and on behalf of Haslers Chartered Accountants Statutory Auditor Old Station Road Loughton IG10 4PL

22 March 2021

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ALL SAINTS’ WITH ST ANDREW’S

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

Year ended 31 December 2020

Notes
Income from
Donations and legacies
2a
Charitable activities
2b
Other trading activities
2c
Investments
2d
Other
2e
Total income
Expenditure on
Raising funds
3a
Charitable activities
Parochial ministry
3b
Parish share
3c
Grants
3d
External ministry
3e
Other
3f
Total expenditure
Net income / (expenditure)
Transfers between funds
16
Net movements in funds for the year
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
Funds
£
721,512
179,597
0
2,012
4,115
907,236
0
356,266
233,052
40,054
354,392
0
(983,764)
(76,528)
48,767
(27,761)
2,239,505
2,211,744		 Restricted
Funds
£
108,688
0
4,432
567
33,451
147,138
346
42,809
0
78,325
6,074
0
(127,554)
19,584
(48,767)
(29,183)
947,689
918,506		 Total
2020
£
830,200
179,597
4,432
2,579
37,566
1,054,374
346
399,075
233,052
118,379
360,466
0
(1,111,318)
(56,944)
0
(56,944)
3,187,194
3,130,250		 Total
2019
£
925,684
249,216
12,770
4,427
22,532
1,214,629
1,470
400,132
214,456
62,705
404,696
13,929
(1,097,388)

117,241
0

117,241
3,069,953
3,187,194

All income and expenditure derive from continuing activities.

The accompanying notes on pages 29 to 47 are an integral part of these financial statements.

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ALL SAINTS’ WITH ST ANDREW’S

B A L A N C E S H E E T

Year ended 31 December 2020

Notes
Fixed assets
Tangible fixed assets
11
Current assets
Debtors
12
Cash at bank and in hand
13
Creditors: amounts falling due within one year
14
Net current assets
Net assets
Represented by:
Unrestricted revenue fund – general
16a
Unrestricted revenue fund – designated
16b
Total unrestricted funds
Restricted funds
16c
Total funds		 2020
£
2,084,094
238,481
856,540
1,095,021
(48,865)
1,046,156
3,130,250
2,154,693
57,051
2,211,744
918,506
3,130,250		 2019
£
2,104,738
305,092
847,187
1,152,279
(69,823)
1,082,456
3,187,194
2,144,341
95,164
2,239,505
947,689
3,187,194

The accompanying notes on pages 29 to 47 are an integral part of these financial statements.

The members of the PCC acknowledge their responsibility for ensuring the church keeps proper accounting records in accordance with the requirements of the Charities Act 2011 as more fully set out in the statement of Trustees’ responsibilities in the Trustees’ Report.

The financial statements on pages 26 to 47 were approved by the Parochial Church Council on 22 March 2021 and were signed on its behalf by:

Frank Hawkins Treasurer

27

ALL SAINTS’ WITH ST ANDREW’S

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

Year ended 31 December 2020

CASH FLOW STATEMENT
Cash flows from operating activities:
Net cash inflow/(outflow) from operating activities
Cash flows from investing activities
Purchase of fixed assets
Net cash inflow/(outflow) from investing activities
Change in cash and cash equivalents in
the year ended 31 December
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the reporting
period
RECONCILIATION OF NET MOVEMENTS
IN FUNDS TO NET CASH FLOW FROM
OPERATING ACTIVITIES
Net movement in funds for the year (as per the
statement of financial activities)
Adjustments for:
Depreciation charges
Impairment charges
(Increase)/decrease in debtors
Increase/(decrease) in creditors
Net cash inflow/(outflow) from operating activities
ANALYSIS OF CASH AND CASH
EQUIVALENTS
Cash in hand
Notice deposits (less than 3 months)
Total cash and cash equivalents		 £
0		 2020
£
9,353
0
9,353
847,187
856,540
(56,944)
20,644
0
66,611
(20,958)
9,353
280,304
576,236
856,540		 £
(13,929)		 2019
£
161,589

(13,929)
147,660
699,527
847,187
117,241
23,624
13,929
10,372
(3,577)
161,589
218,495
628,692
847,187

28

ALL SAINTS’ WITH ST ANDREW’S

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

Year ended 31 December 2020

1. ACCOUNTING POLICIES

The financial statements have been prepared on a going concern basis under the historical cost convention, with the exception of freehold properties, which are included at their fair value as determined under the applicable valuation method as detailed in c). The financial statements have been prepared in accordance with the Charities Act 2011 together with the ‘Statement of Recommended Practice’ for Charities (SORP 2015), and the applicable accounting standard (FRS102).

The financial statements include all the transactions, assets and liabilities for which the Parochial Church Council (PCC) is responsible in law. They do not include the accounts of church groups that owe their affiliation to another body or those which are informal gatherings of church members.

The financial statements are presented in sterling, which is the functional currency of the charity, and rounded to the nearest pound sterling. The principal accounting policies and estimation techniques are as follows.

a) Income

All income is included in the Statement of Financial Activities when the PCC is legally entitled to them as income or capital respectively, ultimate receipt is probable and the amount to be recognised can be quantified with reasonable accuracy.

iii) Interest and dividends including bank interest are recognised as income when receivable.

b) Expenditure

Expenditure is included on the accruals basis and has been classified under headings that aggregate all costs related to the relevant category in the Statement of Financial Activities.

29

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

ALL SAINTS’ WITH ST ANDREW’S

Year ended 31 December 2020

c) Tangible fixed assets and depreciation

Freehold properties

There are two classes of freehold property: land and buildings which are held at cost after impairment and residential properties which are held at deemed cost (see note 11).

Depreciation is not provided on land and buildings or residential properties as any provision (annual or cumulative) would not be material due to the very long expected remaining useful economic life in each case, and because their expected residual value is not materially less than their carrying value. The PCC has a policy of regular structural inspection, repair and maintenance and properties are therefore unlikely to deteriorate or suffer from obsolescence. In addition, disposals of properties occur well before the end of their economic lives and disposal proceeds are usually not less than their carrying value. The PCC perform annual impairment reviews in accordance with the requirements of FRS102 to ensure that the carrying value is not more than the recoverable amount.

Consecrated land and buildings and moveable church furnishings

Consecrated and beneficed property is excluded from the Financial Statements by Section 10(2)(a) of the Charities Act 2011. No value is placed on moveable church furnishings held by the churchwardens on special trust for the PCC and which require a faculty for disposal since the PCC consider this to be inalienable property. All expenditure incurred during the year on consecrated or beneficed buildings and moveable furnishings, whether maintenance or improvements, is written off as incurred.

Plant and machinery

Individual items of plant and machinery used within the church premises with a purchase price of over £10,000 are capitalised, items with a purchase price of £10,000 or less when the asset is acquired are written off as incurred. Capitalised plant and machinery is depreciated on a straight line basis over 10 years.

Fixtures, fittings and equipment

Individual items of fixtures, fittings and equipment used within the church premises with a purchase price of over £10,000 are capitalised, items with a purchase price of £10,000 or less when the asset is acquired are written off as incurred. Capitalised fixtures, fittings and equipment are depreciated on a straight line basis over 4 years.

30

ALL SAINTS’ WITH ST ANDREW’S

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

Year ended 31 December 2020

d) Taxation

As a registered charity, the organisation is exempt from income and corporation tax to the extent that its income and gains are applicable to charitable purposes only. Value added tax is not recoverable by the organisation and is therefore included in the relevant costs in the Statement of Financial Activities.

e) Going concern

The financial statements have been prepared on a going concern basis as the Trustees believe that no material uncertainties exist. The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from the date of authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.

f) Fund balances

Fund balances are split between unrestricted (general and designated), and restricted funds.

g) Judgements and estimates

In the application of the accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are continually evaluated. Revisions to accounting estimates are recognised in the period in which the estimate is revised.

Significant judgements

Sources of estimation uncertainty

In the view of the Trustees there are no sources of estimation uncertainty affecting assets or liabilities at the balance sheet date that are likely to result in a material adjustment to their carrying amounts in the next financial year.

31

ALL SAINTS’ WITH ST ANDREW’S

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

Year ended 31 December 2020

2.
INCOME FROM
(a) Donations and legacies
Planned giving
Collections at services
Gift days (MMU Pentecost, Harvest and Advent)
Other gifts
Legacies
Income tax recoverable (see * on page 33)
(b) Charitable activities
Site rental
Coronavirus Job Retention Scheme
New Wine activities
Atrium coffee bar
Outreach events
Fees
New Wine discipleship year
WTC hub
Resourcing MMU
Audio, visual and distributed materials
(c) Other trading activities
Annual sale
Concerts
(d) Investments
Bank interest
(e) Other
Rental income
Grants for Church at Barking Riverside
DCMS Listed places of worship scheme
Sundry income
Total income		 Unrestricted
Fund
£
629,301
10,589
0
2,444
(43,000)
122,178
721,512
53,136
43,911
31,903
16,467
12,033
7,762
7,560
5,189
648
988
179,597
0
0
0
2,012
2,012
0
0
0
4,115
4,115
907,236		 Restricted
Funds
£
0
0
51,442
39,359
0
17,887
108,688
0
0
0
0
0
0
0
0
0
0
0
4,432
0
4,432
567
567
18,000
8,584
6,867
0
33,451
147,138		 Total
2020
£
629,301
10,589
51,442
41,803
(43,000)
140,065
830,200
53,136
43,911
31,903
16,467
12,033
7,762
7,560
5,189
648
988
179,597
4,432
0
4,432
2,579
2,579
18,000
8,584
6,867
4,115
37,566
1,054,374		 Total
2019
£
532,701
56,150
36,713
63,678
122,423
114,019
925,684
88,316
0
35,354
63,212
33,027
11,086
10,000
6,460
972
789
249,216
9,184
3,586
12,770
4,427
4,427
18,000
0
0
4,532
22,532
1,214,629

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

Year ended 31 December 2020

2.
INCOME FROM (CONT’D)
* The income tax recoverable under gift aid scheme
relates to the following areas:
Planned giving
Other gifts
Gift days
Collections at services
Annual sale
Concert		 Unrestricted
Funds
£
121,769
0
0
409
0
0








Restricted
Funds
£
0
8,009
9,855
0
23
0
17,887		 Total
2020
£
121,769
8,009
9,855
409
23
0
140,065		 Total
2019
£
99,801
3,173
7,416
3,255
30
344
114,019
Total
2019
£
1,470
1,470
131,296
65,254
15,252
12,296
14,554
31,558
42,212
46,599
359,021
41,111
400,132
214,456
214,456
122,178
3.
EXPENDITURE ON
(a) Raising funds
Raising other trading activities
(b) Charitable activities
- Parochial ministry
Clergy and operations
Music
Audio, visual and distributed materials
Other service costs
Youth and children
Church maintenance and repairs
Residential properties
Allocated direct costs (see note 5)
Direct costs
Allocated support costs (see notes 4 and 6)
(c) Charitable activities
- Parish share
Parish share		 Unrestricted
Funds
£
0
0
127,353
63,383
20,758
3,448
3,348
3,371
58,034
45,472
325,167
31,099
356,266
233,052
233,052		 Restricted
Funds
£
346
346
0
23,196
0
8,477
0
0
10,046
1,039
42,758
51
42,809
0
0		 Total
2020
£
346
346
127,353
86,579
20,758
11,925
3,348
3,371
68,080
46,511
367,925
31,150
399,075
233,052
233,052

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ALL SAINTS’ WITH ST ANDREW’S

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

Year ended 31 December 2020

3.
EXPENDITURE ON (CONT’D)
(d) Grants
Giving to institutions
Holy Trinity South Woodford
CMS
New Wine Trust
Christian Education Project
St Cedd’s Barkingside
All Saints’ Highams Park
St Paul’s Hainault
Personal Wholeness Trust: Counsel for Life
Grassroots
Iphiko
Nationwide Christian Trust (Living Light)
Angel Tree
Crisis UK
Church Pastoral Aid Society
Women on the Frontline
Church of England Evangelical Council
Good Shepherd Project
Evangelical Alliance
Bible Society
Children’s Society
Livability
Mill Grove
Scripture Union
Tear Fund
Mothers’ Union
Prison Fellowship
Diocese of Taita Taveta in Kenya
Friendship Pentecostal Church of Carand
MacMillan Cancer Support
Union of UEA Students
Kintsugi Hope
Giving to individuals
Ruth Lovell
Rob Santer
Chase and Ysanne Olson
Kathryn Bishop
Andy Moules
Helen Taylor
Alf Cooper
Joseph and Sarah Harvey
Reuben and Sarah Singleton
Tim and Bianca Wright
Nicole Walles
Samara Bedore
Lin Button
Other (see * on page 35)		 Unrestricted
Funds
£
13,000
0
8,100
1,500
0
0
0
1,132
2,885
2,575
400
225
226
0
1,435
1,000
630
500
300
0
0
0
0
41
40
0
0
0
0
0
0
33,989
1,485
0
0
2,425
0
945
0
0
0
0
0
0
0
0
4,855		 Restricted
Funds
£
5,560
18,000
2,000
2,500
3,716
3,560
3,560
2,368
0
260
2,000
1445
1,418
1,500
0
0
0
0
0
300
250
250
250
209
100
0
0
0
0
0
0
49,246
6,705
6,000
5,750
375
1,000
0
250
250
250
250
0
0
0
8,249
29,079		 Total
2020
£
18,560
18,000
10,100
4,000
3,716
3,560
3,560
3,500
2,885
2,835
2,400
1,670
1,644
1,500
1,435
1,000
630
500
300
300
250
250
250
250
140
0
0
0
0
0
0
83,235
8,190
6,000
5,750
2,800
1,000
945
250
250
250
250
0
0
0
8,249
33,934		 Total
2019
£
0
17,000
2,600
4,000
0
0
0
3,500
1,325
825
2,400
0
1,000
1,300
825
1,000
1,180
500
300
300
250
250
250
250
200
1,000
2,000
500
200
200
100
43,255
1,200
5,250
5,250
1,350
1,250
825
250
250
250
250
1,000
500
360
197
18,182

34

ALL SAINTS’ WITH ST ANDREW’S

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

Year ended 31 December 2020

3.
EXPENDITURE ON (CONT’D)
(d) Grants - Giving to individuals (cont’d)
Direct costs
Allocated support costs (see notes 4 and 6)
(e) Charitable activities
- External ministry
Atrium and coffee bar
Outreach events
Children
Adults
Families
External hire
Baptisms, weddings and funerals
WTC hub
New Wine discipleship year
New Wine activities
Resourcing MMU
Allocated direct costs (see note 5)
Direct costs
Allocated support costs (see notes 4 and 6)
(f) Other
Land and buildings impairment
Total expenditure		 Unrestricted
Funds
£
38,844
1,210
40,054
40,288
550
7,430
4,870
49,324
5,468
12,216
19,958
6,058
648
174,273
321,083
33,309
354,392
0
0
983,764		 Restricted
Funds
£
78,325
0
78,325
0
0
0
637
0
0
0
0
0
0
5,387
6,024
50
6,074
0
0
127,554		 Total
2020
£
117,169
1,210
118,379
40,288
550
7,430
5,507
49,324
5,468
12,216
19,958
6,058
648
179,660
327,107
33,359
360,466
0
0
1,111,318		 Total
2019
£
61,437
1,268
62,705
53,875
6,667
18,045
10,683
31,801
6,896
13,562
23,772
2,905
972
192,513
361,691
43,005
404,696
13,929
13,929
1,097,388

35

ALL SAINTS’ WITH ST ANDREW’S

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

Year ended 31 December 2020

4.
TOTAL RESOURCES EXPENDED
Raising funds
Charitable activities
Parochial ministry
Parish share
Grants
External ministry
Other		 Direct
Costs
£
346
367,925
233,052
117,169
327,107
0
1,045,599		 Support
Costs
£
0
31,150
0
1,210
33,359
0

65,719		 Total
2020
£
346
399,075
233,052
118,379
360,466
0
1,111,318		 Total
2019
£
1,470
400,132
214,456
62,705
404,696
13,929
1,097,388

5. DIRECT COSTS ALLOCATION

Youth and children, interns and facilities costs have been allocated on an estimated time
involved. All other costs have been allocated based on an estimate of how much the resource
category. The allocation is:
Raising
funds
Parochial
ministry
Parish
share
Grants
External
ministry
£
£
£
£
£
Youth and children
0
22,514
0
0
67,540
Cleaning
0
2,468
0
0
22,208
Site utilities and insurance
0
5,777
0
0
32,735
Facilities
0
9,040
0
0
27,122
Site maintenance and repairs
0
1,990
0
0
17,912
Interns
0
4,722
0
0
12,143
0
46,511
0
0
179,660		 basis of the individuals
is used by each
Total
2020
Total
2019
£
£
90,054
81,128
24,676
37,511
38,512
49,597
36,162
28,275
19,902
21,507
16,865
21,094
226,171
239,112

6. SUPPORT COSTS ALLOCATION

Secretarial and governance costs have been allocated on an estimated time basis of the individuals involved. All other costs have been allocated based on an estimate of how much the resource is used by each category. The allocation is:

Secretarial and admin
Office equipment and software
Printing, postage and stationery
Telephone, internet & website
Other administration
Governance
Financial support
Auditors remuneration
Accounts preparation
Tax review		 Raising
funds
£
0
0
0
0
0
0
0
0
0		 Parochial
ministry
£
11,675
5,187
1,383
737
671
4,697
3,164
2,268
1,368
31,150		 Parish
share
£
0
0
0
0
0
0
0
0
0
0		 Grants
£
0
0
0
0
0
494
333
239
144
1,210		 External
ministry
£
11,675
5,187
1,383
2,946
672
4,697
3,163
2,268
1,368
33,359		 Total
2020
£
23,350
10,374
2,766
3,683
1,343
9,888
6,660
4,775
2,880
65,719		 Total
2019
£
28,140
23,410
4,210
3,156
1,088
9,600
6,480
4,500
4,800
0 85,384

36

ALL SAINTS’ WITH ST ANDREW’S

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

Year ended 31 December 2020

7.
STAFF COSTS AND EMOLUMENTS
Gross wages and salaries
Employer’s National Insurance contributions
Employer’s pension contributions
 2020
£
332,192
24,479
36,997
393,668		 2019
£
318,700
23,655
35,950
378,305

No employee received more than £60,000 during the year (2019: none). The total employee benefits of the key management personnel of the charity were £133,885 (2019: £169,567). The incumbent and curates receive a stipend from the Church of England and therefore no amounts are included in the employee benefits figure for these individuals.

figure for these individuals.
The average number of persons employed during the year:
- Clergy, operations and secretarial
- Youth and children
- Music, audio and visual
- Atrium, coffee bar and site hire
- Facilities and cleaning
- New Wine discipleship year and WTC hub

The average number of persons employed during the year
based on full-time equivalent:
- Clergy, operations and secretarial
- Youth and children
- Music, audio and visual
- Atrium, coffee bar and site hire
- Facilities and cleaning
- New Wine discipleship year and WTC hub
 2020
Number
4.6
3.2
1.0
6.8
0.7
1.5
17.8
2020
FTE
4.1
2.6
1.0
3.4
0.4
0.9
12.4		 2019
Number
5.0
3.0
1.8
6.5
0.3
1.3
17.9
2019
FTE
4.5
2.5
1.7
2.5
0.2
0.7
12.1

At 31 December 2020 the actual number of employed staff was 15 (2019: 19).

As stated in the Remuneration of key management personnel section of the PCC report, the Revd. Gareth Dicks is included in the staff costs, staff numbers and pension costs in this note and note 8.

At different times during 2020 eight members of staff were furloughed resulting in a £43,910 grant being receivable from the Coronavirus Job Retention Scheme. In addition to these payments being made in full to the staff members, ex-gratia payments were made to them, totalling £4,341, to enhance their gross salary and employer’s pension contributions.

37

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Year ended 31 December 2020

8.
PENSION COSTS
The church operates a non-contributory workplace pension scheme:
- number of staff to whom benefits accrued
- costs for the year
- contributions outstanding at year end		 2020
Number
19
£
36,997
0		 2019
Number
19
£
35,950
0
9.
NET INCOME / EXPENDITURE FOR THE YEAR
This is stated after charging:
Auditors - Audit fee
Auditors - Other services
Depreciation
Impairment		 2020
£
6,660
0
20,644
0		 2019
£
6,480
4,800
23,624
13,929

10. RELATED PARTY TRANSACTIONS

Donations in furtherance of church’s objectives

The PCC made the following donations to related parties in furtherance of its objectives:

Related party Donation PCC member
Christian £4,000 Martin Martin is a Trustee of the Christian Education
Education Project (2019 - £4,000) Williamson Project
Personal £3,500 David Blackledge David is a Trustee of the Personal Wholeness
Wholeness Trust (2019 - £3,500) Trust
New Wine Trust £10,100 Paul Harcourt Paul is the National Leader of New Wine
(2019 - £2,600)
Church of England £1,000 Paul Harcourt Becky is a member of the Church of England
Evangelical (2019 - £1,000) Evangelical Council
Council

Donations

The Revd. Paul Harcourt is the National Leader of New Wine. There is no contract of employment between New Wine Trust and Paul Harcourt. However, New Wine Trust donated All Saints’ Church £30,000 (2019 - £35,004). These funds are unrestricted.

Supply of services

Elisabeth Harwood, Operations Assistant, was paid a salary (including employer pension contribution) of £12,311 (2019 - £12,069). She is Nick Clayton’s mother-in-law.

Dennis Martin was reimbursed £1,273 (2019 - £624) for costs incurred in conducting funerals and weddings.

Bruce Fisher acted as a funeral and wedding attendant and received fees of £0 (2019 - £495).

38

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ALL SAINTS’ WITH ST ANDREW’S

Year ended 31 December 2020

The Revd. Paul Harcourt received an intern housing allowance of £300 (2019: £1,100).

The Revd. Simon Marshall received an intern housing allowance of £0 (2019: £400).

Eunice Sparks received an intern housing allowance of £0 (2019: £800).

Martin Williamson received an intern housing allowance of £0 (2019: £100).

Trustees remuneration and other benefits

Trustees remuneration and other benefits
The Trustees received no remuneration for their services, but the following expenses were reimbursed:
Round sum expense allowances £ £
Revd. Paul Harcourt 2,850 3,600
Revd. Gareth Dicks 1,950 2,400
Revd. Thom Jee 1,950 2,400
Revd. Mark Castleton 1,950 600
Revd. David Baker 1,200 0
Revd. Abi Todd 200 2,400
Revd. Simon Marshall 0
 800

10,100
12,200

Trustees and related parties made aggregate donations during the year of £111,925 (2019: £128,756).

11.
TANGIBLE FIXED ASSETS
Church land
and building
£
Cost or valuation
At 1 January 2020
4,528,799
At 31 December 2020
4,528,799
Impairment
At 1 January 2020
(4,528,798)
At 31 December 2020
(4,528,798)
Depreciation
At 1 January 2020
0
Charge for year
All Saints’ auditorium
0
All Saints’ sound desk
0
Grand piano
0
Disposals
Photocopier
0
At 31 December 2020
0
Net book value
At 1 January 2020
1
At 31 December 2020
1		 Residential
properties
£
2,030,000
2,030,000
0
0
0
0
0
0
0
0
2,030,000
2,030,000		 Plant and
machinery
£
80,423
80,423
0
0
(26,138)
(8,043)
0
0
0
(34,181)
54,285
46,242		 Fixtures,
fittings and
equipment
£
157,700
157,700
0
0
(137,248)
(4,192)
(3,175)
(5,234)
0
(149,849)
20,452
7,851		 Total
£
6,796,922
6,796,922
(4,528,798)
(4,528,798)
(163,386)
(12,235)
(3,175)
(5,234)
0
(184,030)
2,104,738
2,084,094

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ALL SAINTS’ WITH ST ANDREW’S

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

Year ended 31 December 2020

11. TANGIBLE FIXED ASSETS (CONT’D)

The Charities SORP 2015 and Church of England guidance to PCC’s (4[th] edition) require all nonconsecrated buildings to be capitalised as fixed assets in the balance sheet. The church land and building cost element in the above table records the construction costs of the All Saint’s site redevelopment and St Andrew’s refurbishment. The Trustees of the charity are of the opinion that the new buildings do not have a carrying value for balance sheet purposes as the buildings are not capable of being sold (due to the PCC not owning the land, there being no access to the buildings save through the church site itself and being physically linked to the consecrated building, and are not being used for the purpose of generating significant profit but rather to contribute to the running and maintenance costs). Therefore, the Trustees are of the opinion that the asset be impaired in the accounts to a nominal value.

The following properties are owned outright by the PCC and were professionally valued on an open market basis by Thomas Cann, external qualified valuer with Lawlors, in November 2013:

basis by Thomas Cann, external qualified valuer with Lawlors, in November 2013:
Residential properties
Walnut Cottage, 3 Inmans Row, Woodford Green
55B Montalt Road, Woodford Green		 2020
£
875,000
475,000
1,350,000		 2019
£
875,000
475,000
1,350,000

Following the adoption of FRS 102 in 2015, we have taken the opportunity to revalue the residential properties at transition date and use this as deemed cost. A revaluation policy is therefore not being applied going forward.

As a result of the Mary Lee legacy, title to 24 Vernon Avenue was transferred to the PCC outright on 5 June 2018 and title is held by the Custodian Trustee. Probate value of £680k at the time of acquisition is used as deemed cost.

Plant and machinery is depreciated on a straight line basis over 10 years. Fixtures, fittings and equipment is depreciated on a straight line basis over 4 years. The 2020 depreciation charges were against the following funds:


funds:
All Saints’ plant and machinery dep’n
All Saints’ fixture fitting & equip’t dep’n		 Total
All Saints’
General
Designated
Dev+Maint
Dep’n
Restricted
Dev+Maint
Dep’n
All Saints’
General /
trf Mary Lee
Restricted
£
£
£
£
£
8,043
0
3,817
4,226
0
12,601
3,176
4,191
0
5,234
20,644
3,176
8,008
4,226
5,234

The total depreciation charged to the Development and Maintenance funds in the year was £8,008 for designated and £4,226 for restricted, leaving the funds with a balance of £21,942 for designated and £24,301 for restricted. These Development and Maintenance funds will be reduced to zero by 31 December 2026 as the plant and machinery depreciation and fixtures, fittings and equipment depreciation is charged.

40

ALL SAINTS’ WITH ST ANDREW’S

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

Year ended 31 December 2020

12.
DEBTORS
Tax reclaim
Trade debtors
Other debtors
Prepayments
Accrued legacy income
 2020
£
10,200
1,779
5,959
543
220,000
238,481		 2019
£
10,158
14,484
11,498
3,952
265,000
305,092
13.
CASH AT BANK AND IN HAND
CBF deposit accounts
HSBC plc current and interest bearing accounts
Scottish Widows plc
Cash in hand
 2020
£
575,628
280,008
608
296
856,540		 2019
£
628,084
218,345
608
150
847,187
14.
CREDITORS - DUE WITHIN ONE YEAR
PAYE / NI
Trade creditors
Accruals
Audit fee
Accounts preparation fee
Utilities
Other
Deferred income
Wedding and site deposits
Wedding fees
Site hire and Cutting Edge
 2020
£
4,487
18,508
6,660
4,775
3,906
5,109
4,500
920
0
48,865		 2019
£
5,447
20,141
6,480
4,500
3,006
8,999
3,950
0
17,300
69,823

15. DEFERRED INCOME

Deferred income comprises 2021 site hire income and 2021 wedding deposits/fees.

2020 2019
£ £
Balance as at 1 January 2020 21,250 23,883
Released to income earned from charitable activities (16,380) (22,383)
Deposits repaid (1,550) (1,500)
Amount deferred in year 2,100
 21,250

5,420		 21,250

41

ALL SAINTS’ WITH ST ANDREW’S

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

Year ended 31 December 2020

16.
FUNDS
- MOVEMENTS IN YEAR
(a) General
General
Residential Properties
Property Purchase
Accrued Legacy
All Saints’ Operating Activities
St Andrew’s Operating Activities
(b) Designated
Connect Project Depreciation
Ministry
Barking Riverside
Holy Trinity South Woodford
Organ
(c) Restricted
Mary Lee Legacy (Property)
Mary Lee Legacy (Other)
Mary Lee Legacy (Piano)
Barking Riverside (Diocesan)
Barking Riverside (Other)
St Andrew’s Legacy
Parish Hardship
Connect Project Depreciation
NW Discipleship Students - CDBF
Mission
St Andrew’s Ruth Lovell House
Fiona Green
Organ
People in Need
Harvest Gift Day
MMU Pentecost Gift Day
Annual Sale
St Andrew’s Ruth Lovell
Advent Gift Day
St Andrew’s Ruth Lovell Car
Interns
St Andrew’s Christmas Boxes
St Andrew’s Kate Bishop
St Andrew’s Iphiko		 Balance at
1.1.20
£
1,350,000
237,082
265,000
250,000
42,259
2,144,341
29,950
18,109
10,000
20,000
17,105
95,164
680,000
90,245
13,085
47,980
16,162
32,742
0
28,527
18,211
4,360
0
0
16,267
110
0
0
0
0
0
0
0
0
0
0
947,689
3,187,194		 Income
£
0
0
(45,000)
903,603
48,633
907,236
0
0
0
0
0
0
0
18,237
0
157
17,222
15
28,363
0
54
157
475
550
6,930
0
37,072
21,362
4,455
4,450
2,863
2,667
837
637
375
260
147,138
1,054,374		 Expenses
£
0
0
0
(902,760)
(42,816)
(945,576)
(8,008)
0
0
(13,000)
(17,180)
(38,188)
0
(10,046)
0
0
(8,477)
0
(8,056)
(4,226)
(3,700)
(2,296)
0
0
(23,197)
(110)
(37,072)
(14,242)
(4,455)
(4,450)
(2,863)
(2,255)
(837)
(637)
(375)
(260)
(127,554)
(1,111,318)		 Transfers
0
49,975
0
(843)
(440)
48,692
0
0
0
0
75
75
0
(43,973)
(5,234)
0
3,560
0
4,000
0
0
0
412
0
0
0
0
(7,120)
0
0
0
(412)
0
0
0
0
(48,767)
0		 Balance at
31.12.20
£
1,350,000
287,057
220,000
250,000
47,636
2,154,693
21,942
18,109
10,000
7,000
0
57,051
680,000
54,463
7,851
48,137
28,467
32,757
24,307
24,301
14,565
2,221
887
550
0
0
0
0
0
0
0
0
0
0
0
0
918,506
3,130,250

42

ALL SAINTS’ WITH ST ANDREW’S

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

Year ended 31 December 2020

16. FUNDS – MOVEMENT IN YEAR (CONT’D)

The general fund represents the unrestricted funds that are available for the PCC to spend in line with their aims and objectives. The table above subdivides the general fund of £2.155m, showing that at 31 December 2020 £1.35m was held in residential properties, £287k in a Property Purchase fund, £220k in an Accrued Legacy fund; the balance of £298k is in operating activities (All Saints’ - £250k, St Andrew’s - £48k).

The transfers shown above are explained in more detail in the table below.

TRANSFERS
(a) General
General
Property Purchase
All Saints’ Operating Activities
St Andrew’s Operating Activities
(b) Designated
Organ
(c) Restricted
Mary Lee Legacy (Other)
Mary Lee Legacy (Piano)
Barking Riverside (Other)
Parish Hardship
St Andrew’s Ruth Lovell House
Pentecost Gift Day
St Andrew’s Ruth Lovell Car		 Organ &
Parish
Hardship
Transfers
£
0
(75)
(4,000)
(4,075)
75
75
0
0
0
4,000
0
0
0
4,000
0		 MMU
Pentecost
Gift Day
Transfer
£
0
0
3,560
3,560
0
0
0
0
3,560
0
0
(7,120)
0
(3,560)
0		 Ruth
Lovell
Transfer
£
0
0
0
0
0
0
0
0
0
0
412
0
(412)
0
0		 Mary Lee
Expenses
Transfer
£
0
49,207
0
49,207
0
0
(43,973)
(5,234)
0
0
0
0
0
(49,207)
0		 Property
Purchase
Transfer
£
49,975
(49,975)
0
0
0
0
0
0
0
0
0
0
0
0
0		 Total
Transfers
£
49,975
(843)
(440)
48,692
75
75
(43,973)
(5,234)
3,560
4,000
412
(7,120)
(412)
(48,767)
0

Designated Funds

Connect Project Depreciation

These funds were given as part of Connect Project and will be used over the next six years as the plant & machinery and fixtures, fittings & equipment are depreciated. See note 11.

Ministry

This fund is used to support ministry training for leadership and staff of the church. It is intended to utilise this fund for similar ministry opportunities over the next three to five years.

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

ALL SAINTS’ WITH ST ANDREW’S

Year ended 31 December 2020

16. FUNDS - MOVEMENTS IN YEAR (CONT’D)

Barking Riverside

This fund will be used to oversee the planting of the Church at Barking Riverside. It is expected that the fund will be transferred to the Church at Barking Riverside once it has completed its registration as a charity. This is expected to happen in 2021.

Holy Trinity South Woodford

Following the induction of The Revd. Abi Todd as Curate-in-Charge of Holy Trinity South Woodford the PCC has agreed to designate £20k as a fund available for various projects to help with the modernisation of Holy Trinity South Woodford. It is expected that this will be utilised over the next three years.

Organ

This fund is for organ maintenance and was spent during 2020 to fund part of the major organ overhaul.

Restricted Funds

Mary Lee Legacy (Property, Other and Piano)

The fund is for the upkeep and fabric of All Saints’ church. During the year the fund received £18k rental income and some bank interest, it paid £10k of property costs and £44k was transferred from the fund to the general fund to cover upkeep and fabric costs of All Saints’ church. If income and expenditure continue at the same rate as 2020 then the cash element of the fund is expected to be used over the next one and a half years.

Barking Riverside (Diocesan)

This fund is for the Church at Barking Riverside. It is expected that the fund will be transferred to the Church at Barking Riverside once it has completed its registration as a charity. This is expected to happen in 2021.

Barking Riverside (Other)

This fund will be used to oversee the planting of the Church at Barking Riverside. It is expected that the fund will be transferred to the Church at Barking Riverside once it has completed its registration as a charity. This is expected to happen in 2021.

St Andrew’s Legacy

This fund represents various legacies received which are restricted for the use of St Andrew’s. It is expected that the fund will be used over the next five years.

Parish Hardship

Established during 2020, this fund is to assist those in need from both the church family and the local community. It is to provide small non-repayable grants to individuals and families who finds themselves in need and with no other means of support. It is intended for the purchase of everyday survival health and hygiene needs such as food, toiletries, prescribed medicines, utilities and as a way of sustaining people until they can access appropriate levels of assistance. It is expected that the fund will be used over the next two years.

Connect Project Depreciation

These funds were given as part of Connect Project and will be used over the next six years as the plant & machinery and fixtures, fittings & equipment are depreciated. See note 11.

NW Discipleship Students - CDBF

The fund represents the balance of a grant from the Diocese in 2018 to fund interns from parishes within the Diocese on the New Wine Discipleship programme at All Saints. It is expected that the fund will be used over the next two years.

44

ALL SAINTS’ WITH ST ANDREW’S

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

Year ended 31 December 2020

16. FUNDS - MOVEMENTS IN YEAR (CONT’D)

Mission

It is anticipated that the Mission Committee will allocate these funds to individuals or organisations as evangelistic opportunities arise over the next two years.

St Andrew’s Ruth Lovell House

This fund was raised to support Ruth Lovell in making her Ugandan house habitable. It is expected to be distributed in 2021.

Fiona Green Church Garden

This fund is to be used on improving and maintaining the church garden in memory of the late Fiona Green. It is expected to be spent in 2021.

Organ

This fund is for organ maintenance and was spent during 2020 to fund part of the major organ overhaul.

People in Need

For the Vicar to use when giving discretionary gifts to people in need. The opening balance was spent during 2020.

Harvest Gift Day

This fund was raised to extend the Kingdom through supporting of our mission partners. The fund was distributed during the year.

MMU Pentecost Gift Day

This fund was raised to contribute to the mission of our minster churches. The fund was distributed during the year.

Annual Sale

This fund represents the money raised at the Annual Sale in November each year. The fund was distributed to support home and overseas mission individuals and organisations during the year.

St Andrew’s Ruth Lovell

This fund was raised to support Ruth Lovell. The fund was distributed during the year.

Advent Gift Day

This fund was raised to support Angel Tree and Crisis at Christmas. The fund was distributed during the year.

St Andrew’s Ruth Lovell Car

This fund was raised to support Ruth Lovell purchasing a car. The fund was distributed during the year.

Interns

This fund was raised to support the interns mission trip. The fund was spent during the year.

St Andrew’s Christmas Boxes

This fund was raised to purchase Christmas boxes to support members of the parish. The fund was spent during the year.

St Andrew’s Kate Bishop

This fund was raised to support Kate Bishop. The fund was distributed during the year.

St Andrew’s Iphiko

This fund was raised to support Iphiko. The fund was distributed during the year.

45

ALL SAINTS’ WITH ST ANDREW’S

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

Year ended 31 December 2020

17.
ANALYSIS OF NET ASSETS BY FUND
Fixed assets
Debtors, accrued income and prepayments
Cash at bank and in hand
Creditors due within one year
Net assets		 Unrestricted
Funds
£
1,379,793
235,375
635,446
(38,870)
2,211,744		 Restricted
Funds
£
704,301
3,106
221,094
(9,995)
918,506		 Total
2020
£
2,084,094
238,481
856,540
(48,865)
3,130,250		 Total
2019
£
2,104,738
305,092
847,187
(69,823)
3,187,194

18. THIRD PARTY TRANSACTIONS

During the year we had one collection on behalf of a third party organisations. £353 was collected for The Lord Bishop of Barking Bishopric fund. The money passed through our bank account to ease the administrative task. At no time did the funds belong to us, so the transactions are not included in the Statement of Financial Activities.

46

ALL SAINTS’ WITH ST ANDREW’S

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

Year ended 31 December 2020

19.
PRIOR YEAR COMPARATIVE STATEMENT
OF FINANCIAL ACTIVITIES
Income from
Donations and legacies
Charitable activities
Other trading activities
Investments
Other
Total income
Expenditure on
Raising funds
Charitable activities
Parochial ministry
Parish share
Grants
External ministry
Other
Total expenditure
Net income / (expenditure)
Transfers between funds
Net movements in funds for the year
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
Funds
£
814,175
219,216
0
3,319
4,532
1,071,242
0
392,322
214,456
6,408
400,520
8,946
(1,022,652)
48,590
81,390
129,980
2,109,525
2,239,505		 Restricted
Funds
£
111,509
0
12,770
1,108
18,000
143,387
1,470
7,810
0
56,297
4,176
4,983
(74,736)
68,651
(81,390)
(12,739)
960,428
947,689		 Total
2019
£
925,684
219,216
12,770
4,427
22,532
1,214,629
1,470
400,132
214,456
62,705
404,696
13,929
(1,097,388)
117,241
0
117,241
3,069,953
3,187,194

47