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2022-12-31-accounts

PAROCHIAL CHURCH COUNCIL OF

ALL SAINTS’ WITH ST ANDREW’S

ANNUAL REPORT AND FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2022

ALL SAINTS’ WITH ST ANDREW’S

I N D E X

Year ended 31 December 2022

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 27
Balance sheet 28
Cash flow statement 29
Notes to the financial statements 30

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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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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

Year ended 31 December 2022

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 2022. 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. In addition, we continue to support the church planted at Barking Riverside which was fully established as a church in its own right as a registered charity in November 2021. 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 team 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.

Ensuring that the facilities of the church are well maintained, regularly cleaned and fit for purpose. Serving the busy programme of activities onsite by frequent reordering of rooms and appropriate equipment.

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):

Supporting many expressions of Christian witness, the church strives to proclaim the gospel in word and deed. Examples of these are weekly baby and toddler groups, a monthly Vintage Tea, occasional Vintage Lunches and a 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 pre-School and 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.

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.

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As part of the “New Wine” network of churches and leaders, we operate as a resource for other churches, sharing what we are learning from God through worship, teaching and prayer ministry. This finds expression in a range of conferences, network meetings and mentoring gatherings.

ACHIEVEMENTS AND PERFORMANCE IN THE YEAR

2022 was another demanding year. Activity and attendance levels show very positive signs of returning to nearly pre-pandemic levels in many areas of church life, but there remain legacies of that season, especially in changes to peoples’ personal circumstances. Whilst many volunteers have therefore not 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 over emphasise how grateful we are for these contributions. This has been exacerbated by a much higher level of change and turnover amongst the staff, although we recognise that this phenomenon is common across the Church and in many walks of life.

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. Ordinarily over 200 people would have provided services to the church during this financial year. Opportunities for volunteering have revived and the church continued to enjoy wide ranging voluntary support. 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

In the past year, there have been a significant number of changes within the staff team, much larger than usually experienced. 2022 had barely begun when Sam Voyle , our newly appointed Children’s Pastor resigned. It should be noted that we were very happy with his performance to that point, and that he was thoroughly positive about the church. Sadly, personal circumstances meant that he felt unable to manage with the demands of ministry in this season of his life. We were fortunate that Fiona Green returned to work following Maternity leave in May, and we were able to offer an extended term for Charley Mackrill to support the children’s work through to August 2022. Charley moved back home at that point. We had been unable to appoint a suitable full-time children’s pastor at the first attempt, and then in August also found ourselves needing to replace Cat Birch , who had been appointed to a post in Wales, where her husband Shaun’s family are from. It was a pleasure to see Cat develop her ministry here over the years and we are glad that she is doing well in her new post. In the event, we were able to make two very successful appointments in Alla Mykailenkho (Youth Pastor) and Maddie McBride (Children’s Pastor). They have also been joined by Deladem Fudzi , a placement student, currently doing Children’s Ministry training through Ridley Hall in Cambridge.

We continue to be ably served by a great team in the parish office. Ken MacGregor continued as our Director of Operations, but was working fewer days from January 2022, in order to establish a better worklife balance. Natalie Cope, our Operations Manager, was on sick leave throughout the year and eventually took voluntary redundancy in the autumn. Again, Fiona Weaver , who had taken on more senior

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responsibility at the end of 2021, left in February in order to take a job that more closely fitted with school terms. Issy Williamson (graphic design and social media) was appointed to a full-time position at our sister church of Holy Trinity South Woodford, with her duties being filled part-time by Tarun Sundersingh. We were very sorry to see each of them leave the team and struggled to fill their roles. Liz Harwood , Claudia Williams, and Hannah Rugg have remained the mainstays of the office team, with additional hours being given by Ros Edwards, Anisa Wright , as well as a change of focus for Bob Darby . We are grateful to them all for keeping everything going whilst we have been short-staffed.

Ken MacGregor retired as Director of Church Life in December, and we were delighted to be able to appoint Helen Fraser to that role with effect from January 1[st] 2023. Bob Darby is taking a larger role in overseeing our facilities. Ken’s contribution over many years of All Saints’ life cannot be exaggerated, from before but most especially during and after the CONNECT site redevelopment. The affection expressed for Ken at his retirement party spoke for itself.

We were joined by our new Pioneer curate, Marcus Giddy in July 2022. Marcus has quickly been embraced by the congregation and has made contributions in many areas of the church’s life, drawing on a wide range of previous experience, not least in youth and children’s work.

December also saw the two main worship leaders of the church move on to new positions. Martin Donovan had been with us for four years, helping develop our informal worship significantly and, with the challenge of lockdown, moved us into high quality live-streaming of our evening services. He has a new position at Preston Minster nearer to his family. Brevin Shariati having been appointed to a one-year post as Worship and Facilities Assistant, was released so that he could take up a great opportunity in his native Sweden as Worship Pastor for the International congregation of a church in Stockholm, with whom we have close links. Both made a big contribution to our worship over the past couple of years, especially since there has been the need to provide more tech support for online engagement. As a result, when advertising for a new worship pastor, eventually we took the decision to appoint two people. Justin Lau , previously on team at King’s Church Durham, joined us at the end of January as Worship and Discipleship Year Pastor, and Tibaba Adeniyi (known as Tibz) will join us at Easter as Worship and Creative Pastor from Woodlands Evangelical Church in Bristol. We are very excited for all that they will bring, with both having a passion and track record in raising up and releasing new worship and tech team members.

As Pastoral and Prayer Co-ordinator, Helen Morris has continued to build on the pattern of online prayer meetings started during lockdown. She oversees our pastoral support of the church family, working closely with the Pastoral Team (under Mark Castleton ), Counselling Team (under Lin Button ), and Hardship Fund committee. There remain increasing demands on each of the above areas as a result of the growing cost of living crisis. Helen’s bereavement courses have been especially appreciated. Our pastoral work was further strengthened in September with the appointment of Elaine Swinney as a part-time Parish Nurse. We have had very positive experience of this ministry in the past, when the role was occupied by Daphne Woodhouse.

During the past year, The Atrium, which had been initially open only for Monday to Thursday mornings, went back to a five-day week. In Becca Lyons we have a manager who has a real heart for the community as well as great skills and background as a barista and café bar manager. It is good to see people back in The Atrium on a regular basis, but numbers of customers and volunteers are not back to pre-pandemic levels. Nevertheless, The Atrium remains a very significant aspect of our outreach and pastoral ministry.

We have paused in our attempts to recruit a Choir Director . In the meantime, we remain grateful for the leadership of Bill Cumber, David Sutton, Rachel Whitelegg, Marcus Schofield and others, who have ensured that the choir remains in good heart. With the return to gathered worship services, the technical team worked hard to ensure that we live-stream the 9.30am service (as well as the 6.30pm service). This is greatly appreciated by those who are unable to attend in person.

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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. We hosted conferences for Lin Button ’s Healing Prayer School, and several local events for New Wine . In 2021 these were significantly impacted by the pandemic, (some were able to find an online expression), however we are delighted to report a return to regular in-person events.

External giving

Now that Parish Share is calculated and devolved to the MMU, All Saints’ is able to directly support parishes within the Minster. In 2022 we have, in aggregate, 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 continues to be seen in an amazing response to the Planned Giving scheme, which helped offset the financial effects of lost income through the pandemic. In addition, there remains a steady and generous stream of giving into the parish “Hardship Fund” (offering support to those who are struggling in these hard times through small grants).

Transforming presence

The All Saints' Minster continues under Paul Harcourt’s leadership. The staff team continue to develop ways to work together effectively and lead a unit comprising 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. In 2022 this was additionally demanding though. In addition to the loss of Gary and Alison Wilson as community and mission pastors at St Cedd’s Barkingside (under Paul Harcourt’s incumbency as Priest-in-Charge) in November 2021, we also lost Ken Ashton at St Paul’s Hainault, who retired at the end of February 2022. With the reduction in stipendiary posts in the diocese for financial reasons, neither were replaced. A large part of our energies as a Minster team is now going into the challenge of supporting the life and ministry of St Cedd’s and St Paul’s without stipendiary clergy in place. The team works well though, with Sarah Clarke-Moisley and a new team stepping into leadership in Hainault, Malcolm Porter at All Saints’ Highams Park, Sam and Anna Pollard at the now fully established Church at Barking Riverside, and Abi Todd at Holy Trinity South Woodford.

Creating a “pipeline” of leadership development to sustain and extend ministry and outreach is a major challenge for the years ahead. This will have to include lay leadership in a new way, rather than being reliant on stipendiary clergy. After much negotiation, it is now agreed that All Saints’ will be involved in the “Myriad” pilot scheme for the Church of England, which aims to equip parishes for these new patterns, especially layled church planting. Marcus Giddy is overseeing the development of the hub, which has the support of the diocese. A Taster Evening in February will launch the hub, followed by training weekends from May.

Internships

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. Our curate, David Baker , in addition to his other duties has overseen this in 2022 and will be handing over to Justin Lau. For the year 2022-23, again we have seen that few churches are taking on interns because of the pandemic, however we have four students based at All Saints’ and St Andrew’s. The scheme is strong, and 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.

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Theological training

The Westminster Theological Centre local hub continues and is a significant resource for the wider church. Robbie Joiner stepped down in September as our local Hub Director, but we were pleased to be able to appoint Josh Green in his place. Josh formerly studied with WTC here, as well as having grown up in the church and having been previously an intern on the NW Discipleship Year scheme. There is the general benefit of continuing theological education, but we also see the hub as significant in developing leadership for our future mission plans.

Major festivals

For the first time in three years, Easter and Christmas services were not affected by the pandemic. Our teams worked tirelessly to ensure that they could be celebrated well, in person and 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 particularly being an excellent example of us working together as a church across the different services. Great credit is due to Hayley Edwards , who stepped in to act as creative and project director for the Christmas family experiences.

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, nominally 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 had to move much activity online during the pandemic which severely impacted on the financial health of the organisation. This required much attention in the autumn of 2022, resulting in Paul leading a significant restructuring of the staff team and demanding much time. Paul and Becky have requested that the Trustees step up their succession planning, and it is likely that Paul will step down as National Leader for New Wine in the coming months. Paul and Becky will remain involved in the ministry but hope to have more time and less responsibility.

Outreach

Clergy and staff have continued with the regular church outreach but moving largely online. In recent years the team moved back to using the professional produced online Alpha talks. One advantage of this 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. As mentioned earlier, in the past year we launched a Bereavement Course which has proved very fruitful.

Mark Castleton has headed up the launch of Spirit Café, which is now running as a monthly outreach based in Saint Andrew’s and more recently a weekly Place of Welcome initiative. Spirit Café seeks to offer prayer ministry from a profoundly and overtly Christian basis, but introducing the concepts using language that would be familiar from people outside Church, who consider themselves “spiritual but not religious”. Our first café evenings have seen considerable blessing.

Prayer ministry is offered in person as well as 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 continues, as do our links to South America and Egypt through Church Mission Society (CMS). After many years of faithful service, Peter and Mary Dowsett handed over the leadership of the Mission Group to Liz Gray .

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. 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:

Sunday attendance has been recovering. It is hard to quantify total numbers since we have moved to a ‘hybrid’ model of services which are both online and in person. 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. Notably our 11.15am service has recovered from about two-thirds of previous attendance in 2021 back towards prepandemic levels. Many are new to the church since lockdown began, so regathering people remains a major focus, and there is also a great need to welcome and assimilate newcomers into the church family.

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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Challenges

We continue to face challenges in the coming year because of the impact of the pandemic. Finances are currently healthy, but we know that the economic impact of the cost-of-living crisis is only now beginning to be fully felt. Rebuilding activity to sustainable and supportable levels continues to be judged carefully.

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 recognition that we are a “Resource Church” for the Diocese underlines the need to develop, deploy and support what the previous Bishop 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, especially with the reduction in stipendiary clergy.

In the wider Church, there are potentially seismic changes ahead, as the General Synod in February approved changes to the Church’s stance on blessing same-sex marriages. The changes were only narrowly approved and controversial. We hope and pray that the bishops will lead the Church in all godly wisdom and biblical faithfulness, and that further controversy and division can be avoided. It is important that these things do not overshadow our primary concern and calling to preach good news to all people.

We continue to reflect on the ways that the pandemic 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.

In addition to the ongoing activities and new initiatives mentioned above, we also plan to host a number of special concerts, outreach activities around the weekend of the King’s coronation, attendance as a church group at the New Wine “United” summer festival, and other events as discerned through the year. We should also note that 2024 will be the 150[th] anniversary of the church’s consecration. We intend to begin planning to celebrate this auspicious and wonderful event, giving thanks for our history and looking forward with confidence to our future service to God and this area.

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FINANCIAL REVIEW

Financial Performance

Operating Activities

2022 Actual 2022 Budget 2021 Actual
Income 981k 915k 900k
Expenditure (909k) (992k) (923k)
Surplus / (deficit) 72k (77k) (23k)

The 2022 operating activities budget for the parish, approved by the PCC, was to make a £77k deficit 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 £72k surplus (£67k surplus for All Saints’ and £5k surplus for St Andrew’s), from £981k income and £909k expenditure.

The activities of the church are principally funded by tax efficient giving by church members. The actual planned giving income, including income tax recoverable, decreased by £24k from £738k in 2021 to £714k in 2022, a decrease of 3.3%. In 2022 planned giving accounted for 73% of operating income (82% in 2021).

The PCC is both delighted and thankful that the church family responded so faithfully to the challenges of 2022, especially given the cost of living crisis.

Income from charitable activities has continued to rise towards pre-pandemic levels. In 2022 charitable activities income was £207k (2021 - £127k), 83% of the 2019 figure.

Despite increased activity on site staff numbers and costs were lower in 2022 than in 2021. The average number of staff employed during the year based on full-time equivalent was 9.6 (2021 – 10.4) and staff costs were £286k (2021 - £314k) of which £280k (2021 - £311k) was in general operating activities. Church maintenance and repairs were £22k lower in 2022 than 2021 due to the work on the west wall having been undertaken in 2021. Utility costs were £75k (2021 - £49k) significantly higher due to price rises.

In the general operating activities expenditure £58k of costs were in respect of the upkeep and the fabric of All Saints’, so a transfer of £58k was made from the Mary Lee Legacy fund to the All Saints’ general operating activities fund to cover the expenditure.

Details of the movements on the general, designated and restricted funds are shown in note 16.

Designated funds have remained stable. The main movements on designated funds are £21k set aside to support MMU churches, £10k paid to the Church at Barking Riverside, £8k reduction to the Ministry fund and £4k of depreciation in respect of the Connect project.

The restricted funds have reduced by £140k. The movements include £88k reduction to the Church at Barking Riverside fund following the balance held for them being transferred to their own account, £44k reduction on the Mary Lee fund and £6k reduction to the St Andrew’s Children’s Worker fund and the funds raised in 2021 were spent as planned.

2023 Budget
2023 Budget 2022 Actual 2021 Actual
Income 899k 981k 900k
Expenditure (973k) (909k) (923k)
Surplus / (deficit) (74k) 72k (23k)

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ALL SAINTS’ WITH ST ANDREW’S

Year ended 31 December 2022

The parish budget for 2023 is to make a £74k deficit 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 £41k). The budgeted deficit is split £8k deficit for St Andrew’s and £66k deficit for All Saints’, before the Mary Lee fund transfer.

The budget assumes that planned giving will reduce by 6% in 2023 given the ongoing cost of living challenges and that one-gifts may not reach the levels achieved in 2021 and 2022. In charitable activities, a slight reduction in overall income is anticipated, with growth in The Atrium (from a full year of Friday opening) more than offset by a reduction in income from New Wine expected due to a change in Paul Harcourt’s role.

On the costs side, the significant increases are in staff costs, where the budgeted increase is £86k reflecting a return to a full team, the new Director of Operations working full time, annual pay rises and further uplifts in utility costs as government support is withdrawn (£21k). These are offset by a reduction in Parish Share (£20k) and in the rental cost of the property housing interns in Chingford Lane after the summer (£11k). The internal rent paid by the general fund to the Mary Lee Fund for the use of Vernon Avenue has been increased by £6k to reflect market rates, but this is effectively neutral as the Mary Lee Fund will ultimately contribute to fabric and upkeep costs in due course.

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 £3,072k (2021: £3,112k). Included in this figure are two general fund residential properties totalling £1,350k. Of the remainder £774k is held in restricted funds (of which £680k is represented by a further residential property), leaving £948k in unrestricted funds. Within unrestricted funds £43k is designated and £905k is general. The designated and restricted funds include £14k and £16k respectively, in the Development and Maintenance Depreciation fund, held as fixed assets, which will be used over the next 5 years as depreciation is charged.

The total cash balance at year end amounted to £1,045k of which £84k is restricted (see note 17) and of the balance £29k is designated leaving £932k available for general unrestricted funds, which is sufficient for 11.5 months of normal operating activities, based on 2023 budget figures. The general unrestricted funds exceed the reserves policy as the Trustees are seeking to build cash to have sufficient to purchase or extend a property for staff or interns’ use (see below) 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 Senior Management Team (SMT) to investigate the purchase of a suitable property within the parish, if possible. With the disruption of the pandemic, this plan was not been advanced and alternatives are being considered, including extending one of the existing properties. However, the local market is kept under review for suitable opportunities and falling values in the last quarter of 2022 have continued downwards in the first quarter of 2023. These conditions may generate affordable opportunities in 2023. Following the positive financial result for 2022 the Property fund has been supplemented, standing at £597k as at 31 December 2022.

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Year ended 31 December 2022

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 2022.

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 2022 total designated funds were £43k (2021: £44k).

Restricted funds

The PCC holds several restricted funds, totalling £774k at 31 December 2022 (2021: £915k). 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 and resources that the church may hold from time to time. In March 2022 the PCC, on the recommendation of The Risk and Governance Committee (RGC) adopted a new Investment Policy. This reflected the fact that the PCC held

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Year ended 31 December 2022

significant cash balances some of which were capable of being segregated as long-term reserves and invested. The investment objective for any long-term reserves is to generate a return in line with or in excess of inflation over the long term whilst generating some income to support the ongoing activities of the Parish. The investment objective of the remaining, short-term, reserves, which are held to meet the Reserves Policy, is to preserve capital value with minimum level of risk. The RGC is authorised to research and recommend any bank deposit account that it considers suitable for the holding of short-term reserves. Any 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 has asked the RGC to monitor the cash balances and to report to it if the balances held at any single institution exceeds £250,000. At present the PCC continues to maintain higher cash balances in light of the possible purchase of an additional property in the future. However, arrangements have been made with CCLA, a specialist Church and Charity fund manager, which allow the PCC, if it wishes, to invest some or all of any amount identified as long-term reserves in the CBF Church of England Investment Fund managed by CCLA. This fund fully complies with The Church of England’s ethical investment guidelines.

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, particularly in a time of high inflation generally and significant cost of living challenges in energy, housing and food:

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Year ended 31 December 2022

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.

Key Staff Changes

Catastrophic Building Failure or Major Repairs

Uncertainties

As noted in the Future Plans section above, the decision of the Church of England’s General Synod in relation to the blessing of same-sex marriages, whilst not changing the established doctrine of marriage, has heightened divisions in the Church with many concluding that when implemented, the new provisions will effectively undermine centuries of established teaching and practice. A fracture in the worldwide Anglican Communion is widely predicted. And concerns are expressed for the continuing unity of the Church of England itself.

For Churches such as All Saints’ with St Andrews, who believe that the Bible is the Word of God and that it is our authority in all things, the new provisions may bring increasing tensions and conflict with the Diocese and more widely. It is too early to say what the implications of these will be, and the PCC is prayerfully reflecting on how the situation will develop. However, it is acknowledged that there may be implications for the support and opportunities afforded to the Parish by the Diocese in relation to Curate posts and in other ways, and for the Parish’s willingness to provide support to the Diocese, including financially.

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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Year ended 31 December 2022

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 King 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 archdeaconries and then deaneries. All Saints' with St Andrew's is within the Archdeaconry of West Ham and is the largest church within the Redbridge Deanery, it 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 2022 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 Hardship Fund 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.

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Year ended 31 December 2022

Senior Management Team

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.

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.

Hardship Fund Committee

The Hardship Fund Committee, comprising one member of the clergy and 4 lay members, reviews requests for assistance from the hardship fund against its terms of reference and approves grants as appropriate.

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 2022 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.

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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 2022

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.

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 personnel 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:

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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

Year ended 31 December 2022

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.

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 2021 Net additions/(reductions) 27 As at 31 December 2022 617

Trustees

During 2022 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
Curate The Revd. David Baker
The Revd. Marcus Giddy (from July 2022)
The Revd. Thom Jee (to May 2022)
Minister in Secular Employment The Revd. David Blackledge (to February 2022)
Diocesan Synod Frank Hawkins
Heather Housden
Deanery Synod Sophia Burley
Dean Gillespie
Peter Morriss
Mary Nunns
Stella Redburn
Anne Sachs

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ALL SAINTS’ WITH ST ANDREW’S

Year ended 31 December 2022

Anisa Wright
Churchwardens Heather Housden (Vice Chair)
Terence Stamp
Deputy Wardens Sophia Burley (from April 2022)
Nicholas Gray (from February 2023)
Matthew Jackson (to April 2022)
Albert May
Rakesh Rajan (to July 2022)
Adrienne Wright
Hon Treasurer Frank Hawkins
Elected PCC Members Nicholas Gray (to February 2023)
Joshua Green (from April 2022)
Gillian Hampton
Sheila Oakes (from April 2022)
Yasmin Omotosho
Paul Sherrington
Josephine Smith
Eunice Sparks
Keeley Stamp (to April 2022)
Daniel Vickers
During 2022 the following staff attended PCC meetings by invitation: staff attended PCC meetings by invitation:
Pastoral and Prayer Co-ordinator Helen Morris
Operations Director Ken MacGregor (to December 2022)
Director of Youth, Children’s and Families Ministry Fiona Green
Leader of Pastoral Ministry Lin Button
Youth Worker Catherine Birch (to July 2022)
Youth Worker Alla Mykhailenko (from September 2022)
Worship Pastor Martin Donovan (to December 2022)
Children’s Worker Sam Voyle (to February 2022)
Children’s Worker Maddie McBride (from October 2022)
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 (to May 2022)
Churchwarden Heather Housden
Churchwarden Terence Stamp
Treasurer Frank Hawkins
Operations Director Ken MacGregor (to December 2022)
Operations Manager Natalie Cope (to October 2022)
Safeguarding Clerk Fiona Weaver (to March 2022)
Director of Youth, Children’s and Families Ministry Fiona Green
Worship Pastor Martin Donovan (to December 2022)
Pastoral and Prayer Co-ordinator Helen Morris (from June 2021)
Registered Office: The Parish Office of All Saints’ with St Andrew’s
Inmans Row, Woodford Green, Essex, IG8 0NH

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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 2022

Bankers: HSBC Bank plc
74 High Street, Ilford, IG6 2GN
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 3 April 2023 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

ALL SAINTS’ WITH ST ANDREW’S

Year ended 31 December 2022

Opinion

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 2022 which comprise the Statement of financial activities, the balance sheet, the statement of cash flows and the related notes, 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).

The financial statements have been prepared in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

This has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

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 Auditors' 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 United Kingdom, including the Financial Reporting Council'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

In auditing the financial statements, we have concluded that the Trustee's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Other information

The Trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditors' report thereon. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.

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Year ended 31 December 2022

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 have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. 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 where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustee's responsibilities statement, the Trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control 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 applicable, 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 the Act and relevant regulations made or having effect thereunder.

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 auditors' 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 the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

We obtained an understanding of the legal and regulatory frameworks applicable to the charity and the sector in which it operates. We determined that the following laws and regulations were most significant: the Charities Act 2011.

We obtained an understanding of how the charity are complying with those legal and regulatory frameworks by making inquiries to the management.

We assessed the susceptibility of the charity’s financial statements to material misstatement, including how fraud might occur. Audit procedures performed by the audit engagement team included:

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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 auditors' report.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

Use of our report

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 auditors' 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 its trustees, as a body, for our audit work, for this report, or for the opinions we have formed.

LAURA AMBROSE (Senior Statutory Auditor)

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

3 April 2023

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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 2022

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
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
£
754,152
212,272
0
10,443
9,440
986,307
0
307,432
220,099
25,191
384,040
(936,762)
49,545
51,390
100,935
2,197,292
2,298,227		 Restricted
Funds
£
63,517
0
8,160
1,150
19,785
92,612
1,288
9,401
0
158,859
11,893
(181,441)
(88,829)
(51,390)
(140,219)
914,476
774,257		 Total
2022
£
817,669
212,272
8,160
11,593
29,225
1,078,919
1,288
316,833
220,099
184,050
395,933
(1,118,203)
(39,284)
0
(39,284)
3,111,768
3,072,484		 Total
2021
£
847,232
135,121
7,994
1,311
35,518
1,027,176
1,294
378,916
235,119
108,039
322,290
(1,045,658)

(18,482)
0

(18,482)
3,130,250
3,111,768

All income and expenditure derive from continuing activities.

The accompanying notes on pages 30 to 47 are an integral part of these financial statements.

27

ALL SAINTS’ WITH ST ANDREW’S

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

Year ended 31 December 2022

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		 2022
£
2,060,157
17,312
1,045,393
1,062,705
(50,378)
1,012,327
3,072,484
2,255,117
43,110
2,298,227
774,257
3,072,484		 2021
£
2,070,817
30,021
1,060,926
1,090,947
(49,996)
1,040,951
3,111,768
2,153,057
44,235
2,197,292
914,476
3,111,768

The accompanying notes on pages 30 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 27 to 47 were approved by the Parochial Church Council on 3 April 2023 and were signed on its behalf by:

Frank Hawkins Treasurer

28

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 2022

CASH FLOW STATEMENT
Cash flows from operating activities:
Net cash inflow/(outflow) from operating activities
Cash flows from investing activities
Net cash inflow/(outflow) from investing activities
Cash flows from financing activities
Net cash inflow/(outflow) from financing 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
(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		 2022
£
(15,533)
0
0
(15,533)
1,060,926
1,045,393
(39,284)
10,660
12,709
382
(15,533)
172,363
873,030
1,045,393
 2021
£
204,386
0
0
204,386
856,540
1,060,926
(18,482)
13,277
208,460
1,131
204,386
154,401
906,525
1,060,926

29

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 2022

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.

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.

30

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 2022

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.

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 2022

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.

32

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 2022

2.
INCOME FROM
(a) Donations and legacies
Planned giving
Collections at services
Gift days
Other gifts
Legacies
Income tax recoverable (see * on page 34)
(b) Charitable activities
Site rental
New Wine activities
The Atrium
Fees
Outreach events
New Wine discipleship year
WTC hub
Audio, visual and distributed materials
Coronavirus Job Retention Scheme
Resourcing MMU
(c) Other trading activities
Annual sale
(d) Investments
Bank interest
(e) Other
Rental income
Insurance claim
Grant for Mark Castleton
Grants for Church at Barking Riverside
DCMS Listed places of worship scheme
Sundry income
Total income		 Unrestricted
Fund
£
600,185
32,324
0
8,028
0
113,615
754,152
95,804
36,669
32,534
17,626
12,856
9,662
2,521
1,650
0
2,950
212,272
0
0
10,443
10,443
0
3,627
0
0
0
5,813
9,440
986,307		 Restricted
Funds
£
0
0
24,488
29,482
154
9,393
63,517
0
0
0
0
0
0
0
0
0
0
0
8,160
8,160
1,150
1,150
18,000
0
1,000
0
785
0
19,785
92,612		 Total
2022
£
600,185
32,324
24,488
37,510
154
123,008
817,669
95,804
36,669
32,534
17,626
12,856
9,662
2,521
1,650
0
2,950
212,272
8,160
8,160
11,593
11,593
18,000
3,627
1,000
0
785
5,813
29,225
1,078,919		 Total
2021
£
617,402
14,039
30,061
40,494
13,495
131,741
847,232
65,775
30,000
3,423
13,068
4,241
6,000
2,432
1,900
8,141
141
135,121
7,994
7,994
1,311
1,311
18,000
0
0
11,196
1,500
4,822
35,518
1,027,176

33

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 2022

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		 Unrestricted
Funds
£
111,182
0
0
2,433






Restricted
Funds
£
0
5,389
4,005
0
9,394		 Total
2022
£
111,182
5,389
4,005
2,433
123,009		 Total
2021
£
117,929
4,852
6,480
2,480
131,741
Total
2021
£
1,294
1,294
100,968
62,471
25,622
23,960
22,264
3,545
62,214
44,539
345,583
33,333
378,916
235,119
235,119
113,615
3.
EXPENDITURE ON
(a) Raising funds
Raising other trading activities
(b) Charitable activities
- Parochial ministry
Clergy and operations
Music
Audio, visual and distributed materials
Church maintenance and repairs
Other service costs
Youth and children
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
62,500
68,645
11,198
1,727
10,050
5,783
59,670
52,689
272,262
35,170
307,432
220,099
220,099		 Restricted
Funds
£
1,288
1,288
0
1,801
0
0
0
0
4,726
2,874
9,401
0
9,401
0
0		 Total
2022
£
1,288
1,288
62,500
70,446
11,198
1,727
10,050
5,783
64,396
55,563
281,663
35,170
316,833
220,099
220,099

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 2022

3.
EXPENDITURE ON (CONT’D)
(d) Grants
Giving to institutions
Church at Barking Riverside
CMS
Christian Education Project
Grassroots
Personal Wholeness Trust: Counsel for Life
Iphiko
New Wine Trust
Women on the Frontline
Nationwide Christian Trust (Living Light)
Barnabas Fund - Ukraine
Church Pastoral Aid Society
Prison Fellowship
Good Shepherd Project
Evangelical Alliance
Children’s Society
Mothers’ Union
Haven House
Holy Trinity South Woodford
Church of England Evangelical Council
Freedom Network International
MacMillan Cancer Support
Bible Society
Mill Grove
Livability
Scripture Union
Tear Fund
Kintsugi Hope
Giving to individuals
Ruth Lovell
Joseph and Sarah Harvey
Alf Cooper
Chase and Ysanne Olson
Rob Santer
Mark Castleton
Kathryn Bishop
Bishop Liverson
Andy Moules
Reuben and Sarah Singleton
Tim and Bianca Wright
Thom Jee
Helen Taylor
Other (see * on page 36)		 Unrestricted
Funds
£
10,000
0
0
2,990
0
2,880
0
1,740
0
0
0
0
60
500
0
0
0
0
0
0
0
0
0
0
0
0
0
18,170
1,653
0
0
0
0
2,000
1,855
0
0
0
0
0
0
300
5,808		 Restricted
Funds
£
98,514
6,000
3,700
400
3,200
120
2,500
0
1,500
1,014
1,000
543
450
0
250
100
63
0
0
0
0
0
0
0
0
0
0
119,354
5,434
5,325
5,250
5,250
5,250
1,000
0
1,195
1,000
250
250
0
0
9,301
39,505		 Total
2022
£
108,514
6,000
3,700
3,390
3,200
3,000
2,500
1,740
1,500
1,014
1,000
543
510
500
250
100
63
0
0
0
0
0
0
0
0
0
0
137,524
7,087
5,325
5,250
5,250
5,250
3,000
1,855
1,195
1,000
250
250
0
0
9,601
45,313		 Total
2021
£
0
18,000
3,700
4,000
3,200
3,600
2,850
1,460
2,300
0
1,500
0
630
500
250
100
0
8,500
1,000
1,000
480
250
250
200
200
200
100
54,270
12,612
250
250
5,750
5,750
1,500
4,616
0
1,000
250
750
1,000
800
18,167
52,695

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 2022

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
The Atrium
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)
Total expenditure		 Unrestricted
Funds
£
23,978
1,213
25,191
31,007
1,634
5,256
18,986
23,375
9,081
10,403
16,107
13,084
147
217,282
346,362
37,678
384,040
936,762		 Restricted
Funds
£
158,859
0
158,859
0
0
0
792
0
0
0
267
0
0
10,834
11,893
0
11,893
181,441		 Total
2022
£
182,837
1,213
184,050
31,007
1,634
5,256
19,778
23,345
9,081
10,403
16,374
13,084
147
228,116
358,255
37,678
395,933
1,118,203		 Total
2021
£
106,965
1074
108,039
16,947
792
2,065
4,653
39,382
7,151
10,740
13,962
1,022
141
189,843
286,698
35,592
322,290
1,045,658
4.
TOTAL RESOURCES EXPENDED
Raising funds
Charitable activities
Parochial ministry
Parish share
Grants
External ministry		 Direct
Costs
£
1,288
281,663
220,099
182,837
358,255
1,044,142		 Support
Costs
£
0
35,170
0
1,213
37,678

74,061		 Total
2022
£
1,288
316,833
220,099
184,050
395,933

1,118,203		 Total
2021
£
1,294
378,916
235,119
108,039
322,290
1,045,658

36

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 2022

5. DIRECT COSTS ALLOCATION

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
22,421
0
0
67,263
Site rates, utilities and insurance
0
10,902
0
0
61,778
Cleaning
0
3,442
0
0
30,977
Facilities
0
12,009
0
0
36,027
Site maintenance and repairs
0
2,273
0
0
20,459
Interns
0
4,516
0
0
11,612
0
55,563
0
0
228,116		 basis of the individuals
is used by each
Total
2022
Total
2021
£
£
89,684
77,388
72,680
56,925
34,419
32,008
48,036
28,648
22,732
26,363
16,128
13,050
283,679
234,382
234,382

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		 Raising
funds
£
0
0
0
0
0
0
0
0		 Parochial
ministry
£
13,724
6,845
1,354
836
890
4,845
4,218
2,458
35,170		 Parish
share
£
0
0
0
0
0
0
0
0
0		 Grants
£
0
0
0
0
0
510
444
259
1,213		 External
Ministry
£
13,724
6,844
1,353
3,345
891
4,845
4,218
2,458
37,678		 Total
2022
£
27,448
13,689
2,707
4,181
1,781
10,200
8,880
5,175
74,061		 Total
2021
£
26,838
16,258
2,458
3,764
(792)
9,888
6,660
4,925
0 69,999

37

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 2022

7.
STAFF COSTS AND EMOLUMENTS
Gross wages and salaries
Employer’s National Insurance contributions
Employer’s pension contributions
 2022
£
247,267
16,745
21,591
285,603		 2021
£
265,712
20,510
27,477
313,699

No employee received more than £60,000 during the year (2021: none). The total employee benefits of the key personnel of the charity were £121,910 (2021: £125,047). 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.

The average number of persons employed during the year:
- Clergy, operations and secretarial
- Youth and children
- Music, audio and visual
- The Atrium and site hire
- 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
- The Atrium and site hire
- New Wine discipleship year and WTC hub
 2022
Number
4.8
4.2
2.0
3.4
0.9
15.3
2022
FTE
2.9
2.8
1.9
1.6
0.4
9.6		 2021
Number
5.1
3.9
1.4
3.5
1.8
15.7
2021
FTE
3.3
3.1
1.4
2.2
0.4
10.4

At 31 December 2022 the actual number of employed staff was 15 (2021: 18).

No members of staff were furloughed during 2022. (At different times during 2021 two members of staff were furloughed resulting in a £8,141 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 £2,916, to top up their salary and employer’s pension contributions to the pre-furlough level.)

38

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 2022

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		 2022
Number
21
£
21,591
0		 2021
Number
19
£
27,477
0
9.
NET INCOME / EXPENDITURE FOR THE YEAR
This is stated after charging:
Auditors - Audit fee
Depreciation		 2022
£
8,880
10,660		 2021
£
6,660
13,277

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
Personal £0 David Blackledge David is a Trustee of the Personal Wholeness
Wholeness Trust (2021 - £3,200) (ceased Feb 2022) Trust
New Wine Trust £2,500 Paul Harcourt Paul is the National Leader of New Wine
(2021 - £2,850)
Church of England £0 Paul Harcourt Becky is a member of the Church of England
Evangelical (2021 - £1,000) Evangelical Council
Council

Gillian Hampton is a trustee of the Church at Barking Riverside. This church plant registered as a charity with the Charity Commission on 17 November 2021 and opened their bank account in 2022. At 31 December 2021 the church was holding £97,791 on their behalf. During 2022 the church received £34,886 and paid £20,794 on their behalf. £108,301 was paid over to them leaving £3,582 in creditors at 31 December 2022.

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 (2021 - £30,000). These funds are unrestricted.

Grants

The Revd. Mark Castleton and the Revd. Thom Jee received grants towards the cost of degree level academic studies of £3,000 (2021 - £1,500) and £nil (2021 - £1,000) respectively.

39

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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 2022

10. RELATED PARTY TRANSACTIONS (CONT’D)

Supply of services

From November 2022 the church employed Joshua Green as WTC Hub Director. He was paid a salary (including employer pension contribution) of £1,790 (2021 - £nil).

From April 2022 the church employed the services of Anisa Wright as operations assistant, she was paid £4,625 (2021 - £nil).

Derek Wright was paid £57 (2021 - £nil) for piano tuning. He is Adrienne Wright’s husband.

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
Revd. Mark Castleton
Revd. David Baker
Revd. Thom Jee
Revd. Marcus Giddy
Revd. Gareth Dicks
 £
3,600
2,400
2,400
1,000
1,000
0
10,400		 £
3,600
2,400
2,400
2,400
0
1,200
12,000

Trustees and related parties made aggregate donations during the year of £69,766 (2021: £77,253).

11.
TANGIBLE FIXED ASSETS
Church land
and building
£
Cost or valuation
At 1 January 2022
4,528,799
At 31 December 2022
4,528,779
Impairment
At 1 January 2022
(4,528,798)
At 31 December 2022
(4,528,798)
Depreciation
At 1 January 2022
0
Charge for year
All Saints’ auditorium
0
Grand piano
0
At 31 December 2022
0
Net book value
At 1 January 2022
1
At 31 December 2022
1		 Residential
properties
£
2,030,000
2,030,000
0
0
0
0
0
0
2,030,000
2,030,000		 Plant and
machinery
£
80,423
80,423
0
0
(42,224)
(8,043)
0
(50,267)
38,199
30,156		 Fixtures,
fittings and
equipment
£
157,700
157,700
0
0
(155,083)
0
(2,617)
(157,700)
2,617
0		 Total
£
6,796,922
6,796,922
(4,528,798)
(4,528,798)
(197,307)
(8,043)
(2,617)
(207,967)
2,070,817
2,060,157

40

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 2022

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		 2022
£
875,000
475,000
1,350,000		 2021
£
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 2022 depreciation charges were against the following funds:


funds:
All Saints’ plant and machinery dep’n
All Saints’ fixture fitting & equip’t dep’n		 Total
Designated
Dev+Maint
Dep’nl
Restricted
Dev+Maint
Dep’n
All Saints’
General /
trf Mary Lee
Restricted
£
£
£
£
8,043
3,817
4,226
0
2,617
0
0
2,617
10,660
3,817
4,226
2,617

The total depreciation charged to the Development and Maintenance funds in the year was £3,817 for designated and £4,226 for restricted, leaving the funds with a balance of £14,309 for designated and £15,848 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.

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 2022

12.
DEBTORS
Tax reclaim
Trade debtors
Other debtors
Prepayments
 2022
£
9,984
1,135
2,538
3,655
17,312		 2021
£
12,635
8,928
3,043
5,415
30,021
13.
CASH AT BANK AND IN HAND
CBF deposit accounts
HSBC plc current and interest bearing accounts
Scottish Widows plc
Cash in hand
 2022
£
872,521
171,955
509
408
1,045,393		 2021
£
906,017
154,074
508
327
1,060,926
14.
CREDITORS - DUE WITHIN ONE YEAR
PAYE / NI
Trade creditors
Accruals
Utilities
Audit fee
Accounts preparation fee
Church at Barking Riverside
Other
Rates
Electrician
Deferred income
Site hire fees
Wedding and site deposits
Wedding fees
 2022
£
2,912
15,375
9,902
8,610
5,175
3,582
2,941
0
0
221
950
710
50,378		 2021
£
3,958
6,777
5,536
6,660
4,925
0
2,337
8,000
4,540
4,863
2,400
0
49,996
15.
DEFERRED INCOME
Deferred income comprises site hire income and wedding deposits.
Balance as at 1 January 2022
Released to income earned from charitable activities
Deposits repaid
Amount deferred in year
 2022
£
7,263
(5,163)
(2,100)
1,881
1,881		 2021
£
5,420
(743)
(4,077)
6,663
7,263

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 2022

16.
FUNDS
- MOVEMENTS IN YEAR
(a) General
General
Residential Properties
Property
All Saints’ Operating Activities
St Andrew’s Operating Activities
(b) Designated
MMU
Connect Project Depreciation
Ministry
Barking Riverside
Organ
(c) Restricted
Mary Lee Legacy (Property)
Mary Lee Legacy (Other)
Mary Lee Legacy (Piano)
St Andrew’s Legacy
Connect Project Depreciation
Parish Hardship
NW Discipleship Students - CDBF
Interns Mission Trip
Mission
Choir
Barking Riverside (Diocesan)
Barking Riverside (Other)
St Andrew’s Children’s Worker
The late Fiona Green Garden
Gift Day
Annual Sale
St Andrew’s Ruth Lovell
Organ
St Andrew’s Ukraine
Mark Castleton College Fees
Bishop Liverson
St Andrew’s Christmas Boxes
Advent Gift Day
St Andrew’s Iphiko
Joe and Sarah Harvey
Haven House		 Balance at
1.1.22
£
1,350,000
515,552
239,797
47,708
2,153,057
0
18,126
16,109
10,000
0
44,235
680,000
62,503
2,617
32,780
20,074
9,984
10,979
0
821
150
48,206
39,585
6,192
585
0
0
0
0
0
0
0
0
0
0
0
0
914,476
3,111,768		 Income
£
0
0
922,971
57,867
980,838
0
0
5,469
0
0
5,469
0
18,967
0
79
0
13,899
113
1,009
0
0
0
10,723
0
5
27,950
8,160
5,434
1,717
1,014
1,000
950
793
542
120
75
62
92,612
1,078,919		 Expenses
£
0
0
(856,131)
(52,387)
(908,518)
0
(3,817)
(13,652)
(10,000)
(775)
(28,244)
0
(4,726)
0
0
(4,226)
(9,301)
(2,700)
(267)
(245)
(85)
(48,206)
(50,308)
(6,192)
(590)
(34,728)
(8,160)
(5,434)
(1,717)
(1,014)
(1,000)
(950)
(793)
(542)
(120)
(75)
(62)
(181,441)
(1,118,203)		 Transfers
£
0
81,377
(51,637)
0
29,740
20,875
0
0
0
775
21,650
0
(55,551)
(2,617)
0
0
0
0
0
0
0
0
0
0
6,778
0
0
0
0
0
0
0
0
0
0
0
(51,390)
0		 Balance at
31.12.22
£
1,350,000
596,929
255,000
53,188
2,255,117
20,875
14,309
7,926
0
0
43,110
680,000
21,193
0
32,859
15,848
14,582
8,392
742
576
65
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
774,257
3,072,484

43

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 2022

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 £2.255m, showing that at 31 December 2022 £1.35m was held in residential properties, £597k in a Property fund; the balance of £308k is in operating activities (All Saints’ - £255k, St Andrew’s - £53k).

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

TRANSFERS
(a) General
General
Property
All Saints’ Operating Activities
(b) Designated
MMU
Organ
(c) Restricted
Mary Lee Legacy (Other)
Mary Lee Legacy (Piano)
Gift Day		 Gift Day
and Organ
Transfers
£
0
(28,428)
(28,428)
20,875
775
21,650
0
0
6,778
6,778
0		 Mary Lee
Expenses
Transfer
£
0
58,168
58,168
0
0
0
(55,551)
(2,617)
(58,168)
0		 Property
Transfer
£
81,377
(81,377)
0
0
0
0
0
0
0
0		 Total
Transfers
£
81,377
(51,637)
29,740
20,875
775
21,650
(55,551)
(2,617)
6,778
(51,390)
0

Designated Funds

MMU

In October 2022 the draft 2023 parish share issued by the diocese was reviewed by the PCC, it showed significant increases for many parishes, which may not be affordable. In light of this the PCC decided to set aside £20,875 to support MMU parishes in 2023 should any require a financial gift.

Connect Project Depreciation

This fund was given as part of Connect Project and will be used over the next four 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.

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 2022

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

Barking Riverside

The fund was for the Church at Barking Riverside. This church plant registered as a charity with the Charity Commission on 17 November 2021. Once their bank account was opened in 2022 the fund was transferred to them.

Organ

This fund is for organ maintenance, it was spent during the year.

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 £1k bank interest, it paid £5k of property costs and £58k was transferred from the fund to the general fund to cover upkeep and fabric costs of All Saints’ church. The cash element of the fund is expected to be used in 2023.

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.

Connect Project Depreciation

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

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 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.

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.

Interns Mission Trip

The fund was set up during 2022 to support interns mission trips. It is expected to be spent in 2023.

Mission

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

Choir

This fund is for the choir and is expected to be spent in 2023.

Barking Riverside (Diocesan, Other)

These funds are for the Church at Barking Riverside, which registered as a charity with the Charity Commission in November 2021. Once their bank account opened in 2022 the funds were transferred to them.

St Andrew’s Children’s Worker

The fund was raised to support St Andrew’s Children’s Worker. The fund was spent 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 2022

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

The late Fiona Green Garden

This fund is for improving the church garden in memory of Fiona Green. The fund was spent during the year.

Gift Day

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

Annual Sale

This fund is 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.

Organ

This fund is for organ maintenance. The fund was spent during the year.

St Andrew’s Ukraine

The fund was set up in 2022 to support Ukraine. The fund was distributed during the year.

Mark Castleton College Fees

This fund is for Mark Castleton’s degree level academic studies. The fund was distributed during the year.

Bishop Liverson

This fund is to support Bishop Liverson at Taita Taveta, Kenya. The fund was distributed during the year.

St Andrew’s Christmas Boxes

This fund is for Christmas blessing boxes given to the local community. The fund was used during the year.

Advent Gift Day

This fund is money raised in Advent 2022. The fund was distributed to the Prison Fellowship during the year.

St Andrew’s Iphiko

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

Joe & Sarah Harvey

This fund is to support Joe & Sarah Harvey. The fund was distributed during the year.

Haven House

This fund is to support Haven House. The fund was distributed during the year.

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
£
1,364,309
16,767
960,710
(43,559)
2,298,227		 Restricted
Funds
£
695,848
545
84,683
(6,819)
774,257		 Total
2022
£
2,060,157
17,312
1,045,393
(50,378)
3,072,484		 Total
2021
£
2,070,817
30,021
1,060,926
(49,996)
3,111,768

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 2022

18. THIRD PARTY TRANSACTIONS

During the year we had several collections on behalf of a third party organisations. The money was paid over in full as follows:

The money passed through our bank account to ease the administrative task. At no time did the money belong to us, so the transactions are not included in the Statement of Financial Activities.

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
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
£
767,672
135,121
0
1,045
4,822
908,660
0
357,585
235,119
29,242
314,373
(936,319)
(27,659)
13,207
(14,452)
2,211,744
2,197,292		 Restricted
Funds
£
79,560
0
7,994
266
30,696
118,516
1,294
21,331
0
78,797
7,917
(109,339)
9,177
(13,207)
(4,030)
918,506
914,476		 Total
2021
£
847,232
135,121
7,994
1,311
35,518
1,027,176
1,294
378,916
235,119
108,039
322,290
(1,045,658)
(18,482)
0
(18,482)
3,130,250
3,111,768

47