# **PAROCHIAL CHURCH COUNCIL OF**
# **ALL SAINTS’ WITH ST ANDREW’S**
## **ANNUAL REPORT AND FINANCIAL STATEMENTS**
**YEAR ENDED 31 DECEMBER 2023**
## **ALL SAINTS’ WITH ST ANDREW’S**
## I N D E X
## **Year ended 31 December 2023**
||**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|10|
|Financial review|12|
|Principal risks and uncertainties|15|
|Structure, governance and management|17|
|Trustees’ responsibilities|19|
|Administrative details|20|
|Independent auditors’ report|23|
|Statement of financial activities|26|
|Balance sheet|27|
|Cash flow statement|28|
|Notes to the financial statements|29|
**1**
**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 2023**
|**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.|
**2**
## **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 2023**
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 2023. 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:
- We believe that the Bible is the Word of God and that it is our authority in all things.
- The central message of Jesus’ preaching was that of the Kingdom of God - He is restoring all things.
- We believe that the Christian life is to be lived in intimate relationship with Jesus, in the power of the Holy Spirit.
**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.
**3**
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## **ALL SAINTS’ WITH ST ANDREW’S**
## **Year ended 31 December 2023**
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:
- inspiring worship services
- anointed Biblical preaching
-
- ministry in the power of the Holy Spirit
- age-appropriate teaching
- activities for children and young people
- intercession
- pastoral care
- welcome, and
- � creating disciples.
**4**
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
## **ALL SAINTS’ WITH ST ANDREW’S**
## **Year ended 31 December 2023**
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:
## **Clergy and operations**
- Supporting the ministries of those who lead the congregational life of the churches in the parish and the other churches in the All Saints’ Minster, and the development of the church family, enabling the constituent churches and the Minster to function effectively.
- **Youth and children**
- Supporting the ministry of those who lead youth and children’s work, as well as the costs of running this work. Activities for youth and children, which take place on Sundays and throughout the week, are led by a team of workers. These workers co-ordinate a large number of volunteers across a wide programme of activities. This includes online activities, work in local primary and secondary schools as well as links to the various uniformed organisations with which All Saints’ with St Andrew’s is affiliated.
- **Music**
Supporting the ministry of those who lead the musical aspects of corporate worship, in both traditional and contemporary styles.
- **Audio, visual and distributed materials**
- Supporting and developing the technical aspects of communicating in a professional and contemporary manner, both during corporate worship and in smaller teaching settings, at physical gatherings and online.
- **Other service costs**
Providing materials, refreshments and occasional visiting speaker costs for services.
- **Church maintenance and repairs**
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.
- **Residential properties**
- Maintaining the residential properties under the church’s care as an expression of pastoral care for staff and as good stewardship of the church’s assets.
Much of the work is done privately, without recognition and by volunteers, and the hours and value of that time cannot be quantified.
**5**
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## **ALL SAINTS’ WITH ST ANDREW’S**
## **Year ended 31 December 2023**
## **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.
## **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):
- **Atrium**
- The Atrium is an expression of Christian hospitality and welcome to people from the local community as well as members of the church. It provides a place of gathering for those attending church activities but also for those who simply seek company, in this way building relationships and community.
- **Outreach activities**
- 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.
- **Sharing and external hire of facilities**
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.
- **Baptisms, weddings and funerals**
Serving the spiritual needs of the local community and church family at significant times in their lives.
- **Westminster Theological Centre hub** Making a contribution to the wider Church by offering university-accredited theological education in a local church setting and context. Theological teaching and spiritual formation enables ordinary church members to be more effective in their ministries and to grow in their faith.
- **Resourcing the MMU**
- 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.
**6**
## **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 2023**
- **New Wine Discipleship Year programme**
- This programme enables participants, mainly young adults, to spend a year in a structured training scheme based at a number of churches in the area, including All Saints' with St Andrew's, which acts as a hub for the scheme. The programme provides leadership and a range of training and practical experience, and the participating students serve in and support a number of church activities in practical ways
## � **New Wine activities**
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**
**2023 was an encouraging year in many ways. Activity and attendance levels have returned to pre-pandemic levels in many areas of church life, but there remain legacies of that season, especially in changes to peoples’ personal circumstances. Life has changed for many volunteers and, in some areas of ministry they have therefore not been able to contribute their time as before. We cannot over-emphasise how grateful we are for these contributions. 2023 was also notable for many changes amongst our staff. We have been blessed with outstanding new staff members, but they are still learning.**
## **Volunteers**
The PCC and wider church community remains grateful for the unstinting efforts of its volunteers, though these remain affected by the pandemic as noted above. Ordinarily over 200 people would have provided services to the church during this financial year. The number of hours of service provided and their value to the church cannot be estimated or quantified. We are also dependent on the leadership provided by members of the church staff team.
## **Staff team**
We have had no changes in our clergy team in the past year. However, we are aware that **David Baker** is in his fourth year and is expected to leave by May 2024. We are currently praying that he will find the right context for his incumbency, hopefully within reach of All Saints’ so that we can continue in relationship.
In the past year, we have seen the fruit of a settled youth and children’s work team. Under the leadership of **Fiona Green, Alla Mykailenkho** (Youth Pastor) and **Maddie McBride** (Children’s Pastor) have both made significant contributions. They have been supported also by **Deladem Fudzi** , a placement student, currently doing Children’s Ministry training through Ridley Hall in Cambridge, and **Raissa Figueiredo** , who has continued with us as a second-year intern. Bible study groups and social activities have been fruitful, as well as the new Action Groups for children. We are heartened to see renewed links with local schools and also with the Wells (All Saints’) Preschool. Sadly, both Maddie (Feb) and Alla (April) will be moving on in the first part of this year. We are actively seeking their replacements – as we are also for St Andrew’s, whose Children and Families Worker, **Beth Banks** , left for further bible training back in November.
We managed to recruit well and continue to have a great team in the parish office. **Helen Fraser** came as our new Director of Operations last January, and we have subsequently been able to recruit **Rachel Whitelegg** and **Colette Vickers** to the team in the autumn term. All are making a positive contribution and we are fully staffed in this area for the first time in some years. **Hannah Rugg, Claudia Williams, Liz Harwood,** and **Anisa Wright** complete what is an excellent team. We also remain extremely grateful for all of the practical, facilities and tech roles that **Bob Darby** undertakes.
**7**
## **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 2023**
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.
2023 saw the appointment of two new worship leaders for the informal worship of the church. **Justin Lau** , previously on team at King’s Church Durham, joined us at the end of January 2023 as Worship and Discipleship Year Pastor, and **Tibaba Adeniyi** (known as Tibz) joined at Easter as Worship and Creative Pastor from Woodlands Evangelical Church in Bristol. Both have a passion and track record in raising up and releasing new worship and tech team members, and they are already having a great impact. When Maddie McBride moves on to a new role, we will also at the same time sadly lose her husband, **Leon McBride,** whose assistance with tech and production has been so helpful in the past few years.
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. **Elaine Swinney** has continued to develop our pastoral ministry as a part-time Parish Nurse, but we are aware that she and her husband may be moving to plant a church in California in the coming year.
In 2022, The Atrium went back to a five-day week and has recently begun monthly openings on the first Saturday. **Nicky Langford** and **Anastasiya Krasovska** have done a fantastic job as maternity cover for **Becca Lyons** . 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. The tech team continue to ensure that we can 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.
## **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** . It is possible that New Wine events may occur less frequently in future years, resulting from Paul Harcourt’s retirement from the role of National Leader in May 2023.
## **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 2023 we have, in aggregate, made a contribution to the wider Diocese again, 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 a healthy Planned Giving scheme. In addition, we continue to support the parish “Hardship Fund” (offering support to those who are struggling in these hard times through small grants). However, all our streams of income are under pressure and there has been an attempt to strengthen the Planned Giving scheme by encouraging newer members of the church to take up their responsibilities in this regard. Making it easier for people to give has been enhanced by the installation of a Donation Station for credit card giving.
**8**
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
## **ALL SAINTS’ WITH ST ANDREW’S**
## **Year ended 31 December 2023**
## **Mission and Ministry as All Saints’ Minster**
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. A large part of our energies as a Minster team is now going into the challenge of supporting the life and ministry of these other churches, especially St Cedd’s Barkingside and St Paul’s Hainault. **Sarah Clarke-Moisley** has become incumbent at St Paul’s and a new team is slowly stepping up into leadership. Change – and challenging loss of capacity – is likely in other contexts too. **Malcolm Porter** continues at All Saints’ Highams Park, but we are starting conversations about the ministry on Malcolm’s retirement. **Sam and Anna Pollard** have established Church at Barking Riverside, but funding ends in the coming year. **Abi Todd** at Holy Trinity South Woodford is seeing encouraging growth and had a wonderful response to the initial capital campaign for their site redevelopment, but is also likely to lose her curate, **Jonathan Huff,** in the coming year.
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. All Saints’ has launched a training hub in the **“Myriad”** scheme for the Church of England, which aims to equip parishes for these new patterns, especially lay-led church planting. Marcus Giddy is overseeing the development of the hub, which has the support of the diocese. Two weekend training sessions have been held so far and fruit has already been seen in the **Breathe congregation** for adults with special needs and their families/carers at All Saints’.
## **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. **David Baker** handed this responsibility over to Justin Lau in the summer term of 2023. We have eight students based at All Saints’ and St Andrew’s, who are joined by one more from another parish outside the MMU. 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.
## **Theological training**
The Westminster Theological Centre local hub continues and is a significant resource for the wider church. **Josh Green** has completed a year as Hub Director and brings fresh energy to the programme. 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. Recruitment remains a concern, with the cost of living crisis causing some people to defer their studies.
## **Major festivals**
Easter and Christmas services were highpoints in our church life once again. 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.
**9**
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
## **ALL SAINTS’ WITH ST ANDREW’S**
## **Year ended 31 December 2023**
## **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 stepped down as the national leader of New Wine in May 2023, and Becky came off the National Leadership Team. These changes have released a lot of capacity back to All Saints’. 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. We aim to increase our attendance as a church group at the New Wine “United” summer festival, and other events as discerned through the year.
## **Outreach**
Clergy and staff have continued with the regular church outreach. The Alpha course remains our primary programme for evangelism, and we have reverted back to in-person teaching with great success. There have been extremely encouraging results in terms of new adult conversions. As mentioned earlier, in the past year Bereavement Courses remain fruitful.
**Mark Castleton** continues to head up Spirit Café, running as a monthly outreach based in Saint Andrew’s as well as 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 café evenings continue to see considerable blessing.
Prayer ministry is offered in person as well as through our online services and has been greatly appreciated.
## **Mission connections**
The PCC continues to maintain the parish's historic commitment to the Mission Agencies and Societies with which we have links, and people have continued to be sent out from All Saints’ and St Andrew’s on shortterm mission work. The church link with the Diocese of Taita Taveta in Kenya remains but is less active, and a new relationship with the Anglican Church in South Sudan is being developed. Links to South America and Egypt through Church Mission Society (CMS) continue to be vibrant. We were pleased to reach our full target for mission giving this past year, after a few years of shortfall.
## **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 we intend to review all aspects of our operations again in 2024.
## **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.
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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 2023**
- The five priorities of our future development remain:
- Making the most of the opportunities and developing the ministry and structures that suit our expanded facilities and the development of the All Saints’ Minster.
- Welcome and assimilation of newcomers.
- Developing our passion for God’s Kingdom and dependence on His resources.
- Strengthening the on-going life of the church at the parish and minster level.
- Extension of the church’s work to a wider regional and national level.
The PCC and staff remain focused on growing attendance across the MMU. Within All Saints’ we look specifically in five areas:
- Having an effective small group programme which is also the front-line of pastoral care.
- Developing the process of welcoming and assimilating newcomers.
- An increased appointment of staff with specialisms rather than those with generalised ministry roles.
- � A decentralisation of power and decision making so that department heads and those closest to the ministry are encouraged and empowered to lead.
- Changing the role of the Senior Leader towards vision, strategy, communication, and leadership development.
## **Challenges**
We continue to face challenges in the coming year because of economic impact of the cost-of-living crisis. 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. There was previously a recognition that we are a “Resource Church” for the Diocese, who would be able to plant and grow new churches or revitalise existing congregations. With the change in many roles in the diocese, that recognition was lost for a season but fresh conversations have begun on the wider ministry of All Saints’. 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, remains a major feature of the coming season, especially with the reduction in stipendiary clergy.
In the wider Church, there have been seismic changes 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. As a church, however, we have felt compelled to protest these changes as unbiblical and ill-conceived. Until such time as proper and sufficient pastoral protection and provision is established, we find ourselves at odds with our bishops in this diocese. The PCC is actively discussing what form any differentiation should take.
The PCC continues to monitor the salaries paid to our employed staff with suitable benchmarks; the PCC recognises that this is an ongoing challenge.
## **The 150[th] anniversary of the church’s consecration.**
2024 is the 150[th] anniversary of the church’s consecration. We intend 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. We have already planned to receive a number of guest speakers in the Spring, culminating in a special “parish weekend at home” in April. Other plans for concerts, exhibitions, and the collection of testimonies are in hand. The year will culminate with special celebrations around the actual date of the anniversary in November.
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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 2023**
## **FINANCIAL REVIEW**
## **Financial Performance**
## **Operating Activities**
||**2023 Actual**|**2023 Budget**|**2022 Actual**|
|---|---|---|---|
|Income|1,191k|899k|981k|
|Expenditure|(1,142k)|(973k)|(909k)|
|Surplus / (deficit)|49k|(74k)|72k|
The 2023 operating activities budget for the parish, approved by the PCC, was to make a £74k 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 £49k surplus (£56k surplus for All Saints’ and £7k deficit for St Andrew’s), from £1,191k income and £1,142k expenditure.
The income includes £227k from three legacies left by faithful Church family members. These legacies enabled some significant increases in expenditure on the operating activities - as can be seen from the figures above, operating expenditure was £169k above budget for the year.
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 £92k from £711k in 2022 to £619k in 2023, a decrease of 13% and a reflection of the significant inflation and cost of living increases affecting everyone.
The PCC therefore is especially thankful for the legacies received in the year - they enabled ministry and other activity that might otherwise have had to be cut back in view of falling planned giving income.
Income from charitable activities was slightly down at £196k (2022 - £207k) and continues to be below prepandemic levels in some areas.
Out staff numbers and costs were higher in 2023 than in 2022. The average number of staff employed during the year based on full-time equivalent was 10.5 (2022 - 10.1) and staff costs were £347k (2022 - £286k), of which £346k (2022 - £279k) was in general operating activities. Church maintenance and repairs were up on 2022 at £59k (2022 - £41k) and utility costs continued to be high and above budget reflecting higher prices and a greater use of the site.
In the general operating activities expenditure £94k of costs were in respect of the upkeep and the fabric of All Saints’, so a transfer of £94k was made from the Mary Lee Legacy fund to the All Saints’ general operating activities fund to cover the expenditure. As there was only £46k in the cash element of the Mary Lee Legacy fund, £48k of this transfer was from the property element of the Mary Lee Legacy fund. As a result at 31 December 2023 ownership of 7% of Vernon Avenue was attributed to the general fund.
Details of the movements on the general, designated and restricted funds are shown in note 16.
Designated funds have increased by £47k. The movements include £49k set aside for planned property refurbishment and maintenance, £7.5k set aside for setting up a service to provide free therapy for children and young people with additional needs and £9k reduction to the MMU fund following a gift to Holy Trinity Hermon Hill to assist them with their parish share.
Restricted funds have reduced by £70k.
**12**
## **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 2023**
|**2024 Budget**||||
|---|---|---|---|
||**2024 Budget**|**2023 Actual**|**2022 Actual**|
|Income|1,028k|1,191k|981k|
|Expenditure|(1,136k)|(1,142k)|(909k)|
|Surplus / (deficit)|(108k)|49k|72k|
The parish budget for 2024 is to make a £108k 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 £85k). The budgeted deficit is split £2k deficit for St Andrew’s and £106k deficit for All Saints’, before the Mary Lee fund transfer.
The budget assumes that planned giving, including income tax recoverable, will be £62k higher in 2024 than in 2023. This is a stretching target, given the weakness in 2023 and the ongoing cost of living challenges. In charitable activities, a small increase in overall income is anticipated, with growth in The Atrium continuing towards its pre-pandemic level assisted by Saturday opening once a month.
On the costs side, the expectation is that expenditure will be held broadly flat overall, with increased staff and ministry costs largely offset by the removal of the costs of rental of a house for interns in Chingford Lane from 1 April 2024 following the purchase of a further house in December 2023 (described below).
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 £3,126k (2022: £3,072k). Included in this figure are three general fund residential properties totalling £1,931k, and furniture and equipment totalling £8k. Of the remainder £704k is held in restricted funds (of which £632k is represented by a further residential property), leaving £483k in unrestricted funds. Within unrestricted funds £90k is designated and £393k is general. The designated and restricted funds include £10k and £12k respectively, in the Development and Maintenance Depreciation fund, held as fixed assets, which will be used over the next 3 years as depreciation is charged.
The total cash balance at year end amounted to £563k of which £66k is restricted (see note 17) and of the balance £79k is designated leaving £418k available for general unrestricted funds, which is sufficient for 4.4 months of normal operating activities, based on 2024 budget figures. The Trustees believe this level of reserves is appropriate as extra cash is needed to fund the 2024 budgeted deficit on general 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 and a slow local market, this plan proved difficult to execute. However, the market was kept under review for opportunities and following one abortive attempt, a suitable 4 bed house in Ashdon Close was purchased in December 2023 at an attractive price. Following some modest renovations it is planned that this property will house 4 interns from 1 April 2024.
**13**
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
## **ALL SAINTS’ WITH ST ANDREW’S**
## **Year ended 31 December 2023**
## **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 2023.
## _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 2023 total designated funds were £90k (2022: £43k).
## _Restricted funds_
The PCC holds several restricted funds, totalling £704k at 31 December 2023 (2022: £774k). 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.
## **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:
- Proclaiming the good news of Jesus both in the United Kingdom and overseas
- Caring for those in need
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 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
**14**
## **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 2023**
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 its budgeted deficit for 2024 and some significant fabric and maintenance costs over the next 5 years. 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 four residential properties for staff, one acquired in December 2023, which are nonincome 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 per month to reflect the net rental achievable in the open market. In 2023 the monthly rental increase to £2.5k. During the year £30k was transferred in respect of this arrangement (2022: £18k).
## **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:
- The Planned Giving income is reviewed on a monthly basis by the Treasurer who reports to the PCC;
- The Planned Giving Officer provides details of all changes notified by donors on a monthly basis to the Treasurer;
- The “Count Me In” pack, which is distributed to all new church members, includes details and encouragements to committed giving;
- Regular donors are encouraged to make donations direct to the church’s bank account to facilitate planning and Gift Aid collection;
- A debit and credit card station has been installed;
- Monthly management accounts are prepared and compared with both the budget and the figures from the previous year.
**15**
## **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 2023**
**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.
- The church has appointed a Safeguarding Officer who is re-elected at the Annual Parochial Church Meeting (APCM);
- Policies are aligned with those of the national church;
- In line with the policy of the national church all relevant staff and volunteers have to complete and maintain a valid DBS certificate;
- All staff are required to maintain a defined level of training;
- Training is made available for volunteers both by staff members and national church resources.
## **Key Staff Changes**
- The church recognises that its mission and ministry is performed by key staff appointees, including the clergy, and that changes in staff are to be expected;
- All staff appointments are covered by job descriptions that are reviewed at regular intervals and before any new appointment;
- An interview panel is formed of an odd number of the SMT and where required appropriate members of the congregation are invited to join the panel;
- All new appointments are subject to completion of a satisfactory probationary period;
- Managers are encouraged to hold regular reviews with, and set goals for, staff they manage;
- The recruitment procedure is monitored by the SMT and reviewed and, if necessary, amended after each new appointment.
## **Catastrophic Building Failure or Major Repairs**
- The church holds insurance for all major risks that the church site is exposed to subject to the insurance being available at an economic price;
- The church maintains good relations with local churches and schools who have space that could be hired in the event that the church site was unavailable;
- The church site is subject to a Quinquennial Inspection from an architect approved by the Diocesan Advisory Committee and appointed by the PCC who tables repairs to be undertaken within the following five years;
- The church maintains a thorough maintenance and renewal programme based on the previous Quinquennial report.
## **Uncertainties**
As noted in the Future Plans section above, the narrowly approved decision of the Church of England’s General Synod to move ahead with the blessing of individuals in 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 degree of fracture in the worldwide Anglican Communion is becoming apparent and concerns for the continuing unity of the Church of England continued to be expressed.
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 have increased tensions and conflict with the Diocese and its Bishops. The PCC continues prayerfully reflecting on how it should respond to the situation. 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).
**16**
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## **ALL SAINTS’ WITH ST ANDREW’S**
## **Year ended 31 December 2023**
## **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 2023 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.
**17**
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## **ALL SAINTS’ WITH ST ANDREW’S**
## **Year ended 31 December 2023**
## **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 2023 to the date of this report is set out on page 20.
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.
**18**
## **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 2023**
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 21 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 Data Privacy Policy in February 2020 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:
- select suitable accounting policies and then apply them consistently;
- observe methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements; and
- prepare the financial statements on a going concern basis unless it is inappropriate to assume that the church will continue its activities.
**19**
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
## **ALL SAINTS’ WITH ST ANDREW’S**
## **Year ended 31 December 2023**
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:
- a) there is no relevant audit information of which the auditors are unaware, and
- b) we have taken all the steps that we ought to have taken as members of the PCC in order to make ourselves aware of any relevant audit information and to establish that the church’s auditors are aware of that information.
## **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 2022 577 Net additions/(reductions) (24) As at 31 December 2023 553
## **Trustees**
During 2023 and to the date of this report the following served as members of the PCC in the capacities listed:
## **Incumbent**
**Incumbent** The Revd. Paul Harcourt (Chairman) **Associate Minister** The Revd. Mark Castleton **Curate** The Revd. David Baker The Revd. Marcus Giddy **Diocesan Synod** Frank Hawkins (to April 2023) Heather Housden **Deanery Synod** Sophia Burley (to April 2023) Dean Gillespie Stephen Green (from April 2023) Frank Hawkins (from April 2023) Peter Morriss (to April 2023) Mary Nunns Stella Redburn Anne Sachs Anisa Wright (to April 2023)
**20**
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## **ALL SAINTS’ WITH ST ANDREW’S**
## **Year ended 31 December 2023**
|**Churchwardens**|Nicholas Gray (from April 2023)|Nicholas Gray (from April 2023)|
|---|---|---|
||Heather Housden|(Vice Chair)|
||Terence Stamp (to April 2023)||
|**Deputy Wardens**|Sophia Burley (to|April 2023)|
||Nicholas Gray (from February 2023 to April 2023)||
||Joshua Green (from April 2023)||
||Albert May||
||Adrienne Wright (to April 2023)||
|**Hon Treasurer**|Frank Hawkins||
|**Elected PCC Members**|Nicholas Gray (to|February 2023)|
||Joshua Green (to April 2023)||
||Gillian Hampton||
||Lydia Joiner (from April 2023)||
||Sheila Oakes||
||Yasmin Omotosho (to April 2023)||
||Paul Sherrington||
||Josephine Smith||
||Eunice Sparks||
||Terence Stamp (from April 2023)||
||Daniel Vickers||
||Adrienne Wright (from April 2023)||
|During 2023 the following staff attended|PCC meetings by invitation:||
|**Pastoral and Prayer Co-ordinator**||Helen Morris|
|**Operations Director**||Helen Fraser|
|**Director of Youth, Children’s and Families Ministry**||
Fiona Green|
|**Leader of Pastoral Ministry**||Lin Button|
|**Youth Pastor**||Alla Mykhailenko|
|**Children’s Pastor**||Maddie McBride|
|**Worship and Discipleship Year Pastor**||Justin Lau|
|**Worship and Creative Pastor**||Tibz Adeniyi|
|**Key personnel:**|||
|The church regards the following people|as key personnel:||
|Church leaders||The Revd. Paul and Becky Harcourt|
|Associate minister||The Revd. Mark Castleton|
|Churchwarden||Heather Housden|
|Churchwarden||Terence Stamp (to April 2023)|
|Churchwarden||Nicholas Gray (from April 2023)|
|Treasurer||Frank Hawkins|
|Operations Director||Helen Fraser|
|Operations Manager||Rachel Whitelegg (from June 2023)|
|Director of Children, Youth and Family Ministry||Fiona Green|
|Worship and Discipleship Year Pastor||Justin Lau (from February 2023)|
|Worship and Creative Pastor||Tibz Adeniyi (from April 2023)|
|Pastoral and Prayer Co-ordinator||Helen Morris|
**Registered Office** : The Parish Office of All Saints’ with St Andrew’s Inmans Row, Woodford Green, Essex, IG8 0NH
**21**
## **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 2023**
|**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 25 March 2024 and signed on its behalf by:
Revd. Paul Harcourt Vicar
**22**
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 2023**
## **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 2023 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:
- give a true and fair view of the state of the charity's affairs as at 31 December 2023 and of its incoming resources and application of resources for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Charities Act 2011.
## **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.
**23**
## **ALL SAINTS’ WITH ST ANDREW’S**
## I N D E P E N D E N T A U D I T O R S ’ R E P O R T
## **Year ended 31 December 2023**
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:
- the information given in the Trustee's report is inconsistent in any material respect with the financial statements; or
- sufficient accounting records have not been kept; or
- the financial statements are not in agreement with the accounting records and returns; or
- we have not received all the information and explanations we require for our audit.
## **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:
- identifying and assessing the design effectiveness of controls management has in place to prevent and detect fraud
- challenging assumptions and judgements made by management in its significant accounting estimates
**24**
## **ALL SAINTS’ WITH ST ANDREW’S**
## I N D E P E N D E N T A U D I T O R S ’ R E P O R T
## **Year ended 31 December 2023**
- identifying and testing journal entries, in particular any unusual journal entries posted around the year-end and journal entries posted by infrequent system users
- assessing the extent of compliance with the relevant laws and regulations
- reviewing large and unusual bank transactions
- carrying out substantive testing for expenditure to cover authorisation in line with financial procedures and charity grant making policies
- carrying out walkthrough testing to ensure internal controls are in place to prevent errors and fraud.
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
25 March 2024
**25**
## **ALL SAINTS’ WITH ST ANDREW’S**
S T A T E M E N T O F F I N A N C I A L A C T I V I T I E S
## **Year ended 31 December 2023**
|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
£
893,781
198,925
0
34,924
66,413
1,194,043
1,048
445,312
217,793
24,710
476,148
(1,165,011)
29,032
94,274
123,306
2,298,227
2,421,533|Restricted
Funds
£
61,476
10,389
8,798
1,385
30,000
112,048
1,498
13,258
0
67,868
5,079
(87,703)
24,345
(94,274)
(69,929)
774,257
704,328|Total
2023
£
955,257
209,314
8,798
36,309
96,413
1,306,091
2,546
458,570
217,793
92,578
481,227
(1,252,714)
53,377
0
53,377
3,072,484
3,125,861|_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_|
|---|---|---|---|---|
All income and expenditure derive from continuing activities.
The accompanying notes on pages 29 to 47 are an integral part of these financial statements.
**26**
## **ALL SAINTS’ WITH ST ANDREW’S**
## B A L A N C E S H E E T
## **Year ended 31 December 2023**
|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**|2023
£
2,592,197
25,504
562,665
588,169
(54,505)
533,664
3,125,861
2,331,332
90,201
2,421,533
704,328
3,125,861|_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_|
|---|---|---|
The accompanying notes on pages 29 to 47 are an integral part of these financial statements.
The members of the PCC acknowledge their responsibility for ensuring the church keeps proper accounting records in accordance with the requirements of the Charities Act 2011 as more fully set out in the statement of Trustees’ responsibilities in the Trustees’ Report.
The financial statements on pages 26 to 47 were approved by the Parochial Church Council on 25 March 2024 and were signed on its behalf by:
Frank Hawkins Treasurer
**27**
## **ALL SAINTS’ WITH ST ANDREW’S**
C A S H F L O W S T A T E M E N T
## **Year ended 31 December 2023**
|**CASH FLOW STATEMENT**
**Cash flows from operating activities:**
Net cash inflow/(outflow) from operating activities
**Cash flows from investing activities**
Purchase of fixed assets
Net cash inflow/(outflow) from investing activities
**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|(542,588)|2023
£
59,860
(542,588)
0
(482,728)
1,045,393
562,665
53,377
10,548
(8,192)
4,127
59,860
95,585
467,080
562,665|_0_
|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_|
|---|---|---|---|---|
**28**
**ALL SAINTS’ WITH ST ANDREW’S**
N O T E S T O T H E F I N A N C I A L S T A T E M E N T S
## **Year ended 31 December 2023**
## **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.
- i) **Donated income** (collections, donations and committed giving together with any tax recovery) is recognised as income in the year in which they are receivable.
- ii) **Site lettings, fees, other income and fundraising event receivables** are accounted for on a gross basis and recognised as income in the period to which they relate.
- iii) **Interest and dividends including bank interest** are recognised as income when receivable.
- iv) **Grants** received which are subject to pre-conditions for entitlement specified by the donor which have not been met at the year-end are included in creditors to be carried forward to the following year.
- v) **Legacies** are recognised when the amounts can be quantified with reasonable accuracy and there is a probable likelihood of receipt.
- vi) **Gains on disposal of fixed assets for the PCC’s own use** (i.e. non-investment assets) are accounted for as other income. Losses on disposal of such assets are accounted for as other expenditure.
## **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.
- i) **Costs of raising funds** are those costs incurred in seeking voluntary contributions.
- ii) **Charitable expenditure** is analysed between the principal activities of the PCC.
- iii) **Grants payable** are charged in the year when the offer is conveyed to the recipient and the full amount is charged covering the duration of the grant, subject to any conditions being met.
- iv) **Direct costs** consist of youth and children, site and intern costs. Direct costs are allocated across the categories of charitable activities. For details of the allocation see note 5. The allocation model is reviewed and updated annually, to ensure that the apportionment properly reflects the activities of the Church.
**29**
N O T E S T O T H E F I N A N C I A L S T A T E M E N T S
## **ALL SAINTS’ WITH ST ANDREW’S**
## **Year ended 31 December 2023**
- v) **Support costs** consist of central management, administration and governance costs. Support costs are allocated across the categories of charitable activities. For details of the allocation see note 6. The allocation model is reviewed and updated annually, to ensure that the apportionment properly reflects the activities of the Church.
- vi) **Short term employee benefits.** Short term benefits including holiday pay are recognised as an expense in the period in which the service is received.
- vii) **Employee termination benefits** . Termination benefits are accounted for on an accrual basis and in line with FRS 102.
- viii) **Pension contributions** . The church operates a non-contributory workplace pension scheme. Contributions are written off in the Statement of Financial Activities and the amounts paid are disclosed separately in notes 7 and 8.
## **c) Tangible fixed assets and depreciation**
## _**Freehold properties**_
There are two classes of freehold property: land and buildings which are held at cost after impairment and residential properties which are held at deemed cost (see note 11).
Depreciation is not provided on land and buildings or residential properties as any provision (annual or cumulative) would not be material due to the very long expected remaining useful economic life in each case, and because their expected residual value is not materially less than their carrying value. The PCC has a policy of regular structural inspection, repair and maintenance and properties are therefore unlikely to deteriorate or suffer from obsolescence. In addition, disposals of properties occur well before the end of their economic lives and disposal proceeds are usually not less than their carrying value. The PCC perform annual impairment reviews in accordance with the requirements of FRS102 to ensure that the carrying value is not more than the recoverable amount.
## _**Consecrated land and buildings and moveable church furnishings**_
Consecrated and beneficed property is excluded from the Financial Statements by Section 10(2)(a) of the Charities Act 2011. No value is placed on moveable church furnishings held by the churchwardens on special trust for the PCC and which require a faculty for disposal since the PCC consider this to be inalienable property. All expenditure incurred during the year on consecrated or beneficed buildings and moveable furnishings, whether maintenance or improvements, is written off as incurred.
## _**Plant and machinery**_
Individual items of plant and machinery used within the church premises with a purchase price of over £10,000 are capitalised, items with a purchase price of £10,000 or less when the asset is acquired are written off as incurred. Capitalised plant and machinery is depreciated on a straight line basis over 10 years.
## _**Fixtures, fittings and equipment**_
Individual items of fixtures, fittings and equipment used within the church premises with a purchase price of over £10,000 are capitalised, items with a purchase price of £10,000 or less when the asset is acquired are written off as incurred. Capitalised fixtures, fittings and equipment are depreciated on a straight line basis over 4 years.
**30**
**ALL SAINTS’ WITH ST ANDREW’S**
N O T E S T O T H E F I N A N C I A L S T A T E M E N T S
## **Year ended 31 December 2023**
## **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.
- i) **Unrestricted funds** are the PCC’s corporate funds and are freely available for any purpose within its charitable objects, at the discretion of the PCC. There are two types of unrestricted funds:
- a. **General funds** which the PCC intends to use for the general purposes of the PCC and
- b. **Designated funds** set aside out of unrestricted funds by the PCC for a purpose specified by the Trustees. The aim and use of each designated fund is set out in note 16.
- ii) **Restricted funds** are income funds subject to conditions imposed by the donor as specific terms of trust, or else by legal measure. The aim and use of each restricted fund is set out in note 16. It is the Policy of the PCC to monitor carefully the application of those funds in accordance with the restrictions placed upon them.
## **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**_
- i) **Residual values of residential properties.** The Trustees consider the residual value of freehold properties is sufficiently high that depreciation would not be material. 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.
## _**Sources of estimation uncertainty**_
In the view of the Trustees there are no sources of estimation uncertainty affecting assets or liabilities at the balance sheet date that are likely to result in a material adjustment to their carrying amounts in the next financial year.
**31**
## **ALL SAINTS’ WITH ST ANDREW’S**
## N O T E S T O T H E F I N A N C I A L S T A T E M E N T S
## **Year ended 31 December 2023**
|**2.**
**INCOME FROM**
**(a) Donations and legacies**
Planned giving
Collections at services
Gift days
Other gifts
Legacies
Income tax recoverable (see * on page 33)
**(b) Charitable activities**
Site rental
New Wine activities
The Atrium
Fees
Outreach events
New Wine discipleship year
WTC hub
Audio, visual and distributed materials
Resourcing MMU
**(c) Other trading activities**
Annual sale
**(d) Investments**
Bank interest
**(e) Other**
Diocese housing credit
Rental income
Insurance claim
Grant for Mark Castleton
DCMS Listed places of worship scheme
Sundry income
**Total income**|Unrestricted
Fund
£
526,321
41,988
0
3,548
226,574
95,350
893,781
98,575
13,194
40,477
8,603
18,784
14,688
3,479
1,125
0
198,925
0
0
34,924
34,924
60,000
0
0
0
0
6,413
66,413
1,194,043|Restricted
Funds
£
0
0
26,728
26,524
0
8,224
61,476
0
0
0
0
10,000
389
0
0
0
10,389
8,798
8,798
1,385
1,385
0
30,000
0
0
0
0
30,000
112,048|Total
2023
£
526,321
41,988
26,728
30,072
226,574
103,574
955,257
98,575
13,194
40,477
8,603
28,784
15,077
3,479
1,125
0
209,314
8,798
8,798
36,309
36,309
60,000
30,000
0
0
0
6,413
96,413
1,306,091|_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_
_2,950_|
|||||_212,272_|
|||||_8,160_|
|||||_8,160_|
|||||_11,593_|
|||||_11,593_|
|||||_0_
_18,000_
_3,627_
_1,000_
_785_
_5,813_|
|||||_29,225_|
|||||_1,078,919_|
**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 2023**
|**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
£
92,182
398
0
2,770|
|Restricted
Funds
£
0
3,478
4,746
0
8,224|Total
2023
£
92,182
3,876
4,746
2,770
103,574|_Total_
_2022_
£
_111,181_
_5,389_
_4,005_
_2,433_
_123,008_
_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_|
|---|---|---|---|---|---|
||95,350|||||
|||||||
|**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
£
1,048
1,048
132,047
70,547
27,571
3,700
17,569
11,478
75,855
65,959
404,726
40,586
445,312
217,793
217,793||Restricted
Funds
£
1,498
1,498
0
2,350
0
0
4,696
255
5,378
579
13,258
0
13,258
0
0|Total
2023
£
2,546
2,546
132,047
72,897
27,571
3,700
22,265
11,733
81,233
66,538
417,984
40,586
458,570
217,793
217,793||
|||||||
|||||||
|||||||
|||||||
|||||||
|||||||
**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 2023**
|**3.**
**EXPENDITURE ON (CONT’D)**
**(d) Grants**
**Giving to institutions**
CMS
Holy Trinity South Woodford
Tear Fund
Iphiko
Christian Education Project
Grassroots
Personal Wholeness Trust: Counsel for Life
Haven House
Church at Barking Riverside
Women on the Frontline
New Wine Trust
Salvation Army
Nationwide Christian Trust (Living Light)
New Life Art Ministries
Church Pastoral Aid Society
Evangelical Alliance
Good Shepherd Project
Children’s Society
Mothers’ Union
Barnabas Fund - Ukraine
Prison Fellowship
**Giving to individuals**
Ruth Lovell
Chase and Ysanne Olson
Rob Santer
Kathryn Bishop
Andy Moules
Pauli Josefa
Alf Cooper
Joseph and Sarah Harvey
Reuben and Sarah Singleton
Beth Banks
Mark Castleton
Bishop Liverson
Tim and Bianca Wright
Other (see * on page 35)
Direct costs
Allocated support costs (see notes 4 and 6)|Unrestricted
Funds
£
0
9,304
0
3,030
0
2,610
0
0
0
2,490
0
0
0
0
0
500
0
0
0
0
0
17,934
4,071
0
0
1,373
0
0
0
0
0
100
0
0
0
0
5,544
23,478
1,232
24,710|Restricted
Funds
£
14,200
0
4,432
1,026
3,300
400
2,900
2,710
2,519
0
2,200
2,196
1,300
1,000
900
0
500
250
100
0
0
39,933
5,788
4,800
4,800
2,062
1,000
500
250
250
250
0
0
0
0
8,235
27,935
67,868
0
67,868|Total
2023
£
14,200
9,304
4,432
4,056
3,300
3,010
2,900
2,710
2,519
2,490
2,200
2,196
1,300
1,000
900
500
500
250
100
0
0
57,867
9,859
4,800
4,800
3,435
1,000
500
250
250
250
100
0
0
0
8,235
33,479
91,346
1,232
92,578|_Total_
_2022_
£
_6,000_
_0_
_0_
_3,000_
_3,700_
_3,390_
_3,200_
_63_
_108,514_
_1,740_
_2,500_
_0_
_1,500_
_0_
_1,000_
_500_
_510_
_250_
_100_
_1,014_
_543_
_137,524_
_7,087_
_5,250_
_5,250_
_1,855_
_1,000_
_0_
_5,250_
_5,325_
_250_
_0_
_3,000_
_1,195_
_250_
_9,601_
_45,313_
_182,837_
_1,213_
_184,050_|
|---|---|---|---|---|
**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 2023**
|**3.**
**EXPENDITURE ON (CONT’D)**
**(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
£
43,478
1,782
9,215
14,195
14,258
5,217
11,290
23,938
10,089
0
299,628
433,090
43,058
476,148
1,165,011|Restricted
Funds
£
0
0
0
0
0
0
0
807
0
0
4,272
5,079
0
5,079
87,703|Total
2023
£
43,478
1,782
9,215
14,195
14,258
5,217
11,290
24,745
10,089
0
303,900
438,169
43,058
481,227
1,252,714|_Total_
_2022_
£
_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_|
|---|---|---|---|---|
* This includes the Parish Hardship fund, which was opened in April 2020. 45 grants were made in 2023 (2022 - 60) to assist those in need from both the church family and the local community. The grants ranged from £35 to £385 (2022 - £35 to £335), 67% (2022 – 85%) of the grants were £200 or less. The grants enabled the recipients to access a variety of immediate needs, ranging from groceries to household items. These grants are included in the giving to individuals ‘other’ heading in note 3d.
|**4.**
**TOTAL RESOURCES EXPENDED**
Raising funds
Charitable activities
Parochial ministry
Parish share
Grants
External ministry|Direct
Costs
£
2,546
417,984
217,793
91,346
438,169
1,167,838|Support
Costs
£
0
40,586
0
1,232
43,058
84,876|Total
2023
£
2,546
458,570
217,793
92,578
481,227
1,252,714|_Total_
_2022_
£
_1,288_
_316,833_
_220,099_
_184,050_
_395,933_|
|---|---|---|---|---|
|||||_1,118,203_|
**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 2023**
## **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
28,379
0
0
85,138
Site rates, utilities and insurance
0
21,277
0
0
120,570
Cleaning
0
3,878
0
0
34,901
Facilities
0
3,197
0
0
9,590
Site maintenance and repairs
0
4,431
0
0
39,877
Interns
0
5,376
0
0
13,824
0
66,538
0
0
303,900|basis of the individuals
is used by each
Total
2023
_Total_
_2022_
£
_£_
113,517
_89,684_
141,847
_72,680_
38,779
_34,419_
12,787
_48,036_
44,308
_22,732_
19,200
_16,128_
370,438
_283,679_|
|---|---|
## **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
£
14,286
11,941
1,827
823
4,845
4,275
2,589
40,586|Parish
share
£
0
0
0
0
0
0
0
0
0|Grants
£
0
0
0
0
0
510
450
272
1,232|External
Ministry
£
14,286
11,941
1,827
3,295
4,845
4,275
2,589
43,058|Total
2023
£
28,572
23,882
3,654
4,118
10,200
9,000
5,450
84,876|_Total_
_2022_
_£_
_27,448_
_13,689_
_2,707_
_4,181_
_1,781_
_10,200_
_8,880_
_5,175_|
|---|---|---|---|---|---|---|---|
||0||||||_74,061_|
**36**
## **ALL SAINTS’ WITH ST ANDREW’S**
## N O T E S T O T H E F I N A N C I A L S T A T E M E N T S
## **Year ended 31 December 2023**
|**7.**
**STAFF COSTS AND EMOLUMENTS**
Gross wages and salaries
Employer’s National Insurance contributions
Employer’s pension contributions
|2023
£
296,911
21,617
28,008
346,536|_2022_
_£_
_247,267_
_16,745_
_21,591_|
|---|---|---|
|||_285,603_|
No employee received more than £60,000 during the year (2022: none). The total employee benefits of the key personnel of the charity were £170,540 (2022: £121,910). 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
|2023
Number
4.9
4.8
1.7
2.9
1.0
15.3
2023
FTE
3.7
3.5
1.7
1.2
0.4
10.5|_2022_
_Number_
_4.8_
_4.2_
_2.0_
_3.4_
_0.9_|
|---|---|---|
|||_15.3_|
|||_2022_
_FTE_
_2.9_
_3.3_
_1.9_
_1.6_
_0.4_|
|||_10.1_|
At 31 December 2023 the actual number of employed staff was 16 (2022: 15).
|**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|2023
Number
16
£
28,008
0|_2022_
_Number_
_21_|
|---|---|---|
|||_£_
_21,591_|
|||_0_|
**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 2023**
|**9.**
**NET INCOME / EXPENDITURE FOR THE YEAR**|2023|_2022_|
|---|---|---|
||£|_£_|
|This is stated after charging:|||
|Auditors - Audit fee|9,000|_8,880_|
|Depreciation|10,548|_10,660_|
## **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**||
|---|---|---|---|
|New Wine Trust|£0|Paul Harcourt|Paul was the National Leader of New Wine until|
||(2022 - £2,500)||30 April 2023|
|New Wine Art|£1,000|Paul Harcourt|Becky Harcourt, Paul’s wife, is a trustee of New|
|Ministries|(2022 - £0)||Wine Art Ministries|
|Church at Barking|£2,519|Gillian Hampton|Gillian is a trustee of the Church at barking|
|Riverside|||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 was the National Leader of New Wine until 30 April 2023. There was no contract of employment between New Wine Trust and Paul Harcourt. However, New Wine Trust donated All Saints’ Church £10,000 (2022 - £30,000). These funds are unrestricted.
## **Grants**
In 2022 Revd. Mark Castleton received a £3,000 grant towards the cost of his degree level academic studies. There was no grant in 2023.
## **Supply of services**
The church employed Joshua Green as WTC hub director. As well as being a trustee he is Stephen Green’s adult son. He was paid a salary (including employer pension contributions) of £10,738 (2022: £1,790).
The church employed Colette Wright as Deputy operations manager from 29 August 2023. She is Adrienne Wright’s adult daughter and Daniel Vicker’s wife. She was paid a salary (including employer pension contributions) of £9,587 (2022 - £0).
The church employed the services of Anisa Wright as operations assistant and Myriad hub administrator. She was paid £1,876 (2022: £4,625) and £1,201 (2022: £nil) respectively to 30 April 2023, which was when she ceased being a trustee.
Derek Wright was paid £59 (2022 - £57) for piano tuning. He is Adrienne Wright’s husband and Daniel Vicker’s father-in-law.
Becky Harcourt was paid £900 (2022 - £0) for preaching. She is Paul Harcourt’s wife.
**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 2023**
## **10. RELATED PARTY TRANSACTIONS (CONT’D)**
## **Trustees remuneration and other benefits**
|**Trustees remuneration and other benefits**||||
|---|---|---|---|
|The Trustees received no remuneration for their services,|but the following expenses were|reimbursed:||
|**Round sum expense allowances**|£||_£_|
|Revd. Paul Harcourt|3,600||_3,600_|
|Revd. Mark Castleton|2,400||_2,400_|
|Revd. David Baker|2,400||_2,400_|
|Revd. Marcus Giddy|2,400||_1,000_|
|Revd. Thom Jee|0
||_1,000_|
||
10,800|
_10,400_||
Trustees and related parties made aggregate donations during the year of £61,472 (2022: £69,766).
|**11.**
**TANGIBLE FIXED ASSETS**
Church land
and building
£
**Cost or valuation**
At 1 January 2023
4,528,799
Additions
14 Ashdon Close
0
Coffee machine
0
Disposals
Coffee machine
0
At 31 December 2023
4,528,799
**Impairment**
At 1 January 2023
(4,528,798)
At 31 December 2023
(4,528,798)
**Depreciation**
At 1 January 2023
0
Charge for year
All Saints’ auditorium
0
Coffee machine
0
Disposals
Coffee machine
0
At 31 December 2023
0
**Net book value**
At 1 January 2023
1
At 31 December 2023
1|Residential
properties
£
2,030,000
532,564
0
0
2,562,564
0
0
0
0
0
0
0
2,030,000
2,562,564|Plant and
machinery
£
80,423
0
0
0
80,423
0
0
(50,267)
(8,042)
0
0
(58,309)
30,156
22,114|Fixtures,
fittings and
equipment
£
157,700
0
10,024
(10,560)
157,164
0
0
(157,700)
0
(2,506)
10,560
(149,646)
0
7,518|Total
£
6,796,922
532,564
10,024
(10,560)
7,328,950
(4,528,798)
(4,528,798)
(207,967)
(8,042)
(2,506)
10,560
(207,955)
2,060,157
2,592,197|
|---|---|---|---|---|
**39**
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 2023**
## **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|2023
£
875,000
475,000
1,350,000|_2022_
_£_
_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.
On 19 December 2023 the PCC purchased 14 Ashdon Close. The purchase price, including legal fees, search fees and other relate costs, was £532,564, which has been capitalised.
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 2023 depreciation charges were against the following funds:
|depreciated on a straight line basis over 4 y
funds:|ears. The 2023 depreciation charges were against the fol|
|---|---|
|All Saints’ plant and machinery dep’n
All Saints’ fixture fitting & equip’t dep’n|Total
Designated
Dev+Maint
Dep’n
Restricted
Dev+Maint
Dep’n
All Saints’
General
£
£
£
£
8,042
3,816
4,226
0
2,506
0
0
2,506|
||10,548
3,816
4,226
2,506|
The total depreciation charged to the Development and Maintenance funds in the year was £3,816 for designated and £4,226 for restricted, leaving the funds with a balance of £10,493 for designated and £11,622 for restricted. These Development and Maintenance funds will be reduced to zero by 31 December 2026 as the plant and machinery depreciation and fixtures, fittings and equipment depreciation is charged.
**40**
## **ALL SAINTS’ WITH ST ANDREW’S**
## N O T E S T O T H E F I N A N C I A L S T A T E M E N T S
## **Year ended 31 December 2023**
|**12.**
**DEBTORS**
Tax reclaim
Trade debtors
Other debtors
Prepayments
Accrued income
|2023
£
9,487
512
3,164
4,460
7,881
25,504|_2022_
_£_
_9,984_
_1,135_
_2,538_
_3,655_
_0_|
|---|---|---|
|||_17,312_|
||||
|**13.**
**CASH AT BANK AND IN HAND**
CBF deposit accounts
HSBC plc current and interest bearing accounts
Scottish Widows plc
Cash in hand
|2023
£
466,565
95,176
515
409
562,665|_2022_
_£_
_872,521_
_171,955_
_509_
_408_|
|||_1,045,393_|
||||
|**14.**
**CREDITORS - DUE WITHIN ONE YEAR**
PAYE / NI
Trade creditors
Accruals
Utilities
Audit fee
Accounts preparation fee
Haven House and Salvation Army
Christmas production sound and light
Church at Barking Riverside
Other
Deferred income
Wedding and site deposits
Site hire fees and wedding fees
|2023
£
5,029
16,704
6,006
9,000
5,450
4,906
3,600
0
2,009
1,550
251
54,505|_2022_
_£_
_2,912_
_15,375_
_9,902_
_8,610_
_5,175_
_0_
_0_
_3,582_
_2,941_
_950_
_931_|
|||_50,378_|
||||
|**15.**
**DEFERRED INCOME**
Deferred income comprises site hire income and wedding deposits.
Balance as at 1 January 2023
Released to income earned from charitable activities
Deposits repaid
Amount deferred in year
|2023
£
1,881
(931)
(950)
1,801
1,801|_2022_
_£_
_7,263_
_(5,163)_
_(2,100)_
_1,881_
_1,881_|
**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 2023**
|**16.**
**FUNDS**
**- MOVEMENTS IN YEAR**
**(a) General**
General
Residential Properties
Furniture and Equipment
Property
All Saints’ Operating Activities
St Andrew’s Operating Activities
**(b) Designated**
Property Maintenance
MMU
Ministry
Connect Project Depreciation
Growing Hope Partnership
Organ
**(c) Restricted**
Mary Lee Legacy (Property)
Mary Lee Legacy (Other)
St Andrew’s Legacy
Connect Project Depreciation
NW Discipleship Students - CDBF
Parish Hardship
Myriad
Worship and Youth
Organ
Annual Sale
St Andrew’s Iphiko
Interns Mission Trip
St Andrew’s Kate Bishop
St Andrew’s Ruth Lovell Water
Choir
Mission
Gift Day
St Andrew’s Ruth Lovell
Syria/Turkey Earthquake
Haven House
Church at Barking Riverside
Salvation Army
St Andrew’s Ruth Lovell Gate
St Andrew’s Children’s Worker
St Andrew’s Syria/Turkey Earthquake
Youth weekend|Balance at
1.1.23
1,350,000
0
596,929
255,000
53,188
2,255,117
0
20,875
7,926
14,309
0
0
43,110
680,000
21,193
32,859
15,848
8,392
14,582
0
0
0
0
0
742
0
0
65
576
0
0
0
0
0
0
0
0
0
0
774,257
3,072,484|Income
0
0
0
1,134,297
56,552
1,190,849
0
0
3,194
0
0
0
3,194
0
30,000
424
0
409
2,203
10,000
2,683
3,435
8,798
1,382
389
2,250
489
0
0
31,475
4,374
4,051
2,710
2,519
2,196
1,000
625
381
255
112,048
1,306,091|Expenses
0
(2,506)
0
(1,076,231)
(63,357)
(1,142,094)
0
(9,304)
(9,797)
(3,816)
0
0
(22,917)
0
(5,378)
0
(4,226)
0
(8,235)
(4,696)
0
(2,532)
(8,165)
(1,026)
(807)
(2,062)
(414)
0
(576)
(31,475)
(4,374)
(4,051)
(2,710)
(2,519)
(2,196)
(1,000)
(625)
(381)
(255)
(87,703)
(1,252,714)|Transfers
581,024
10,024
(596,929)
33,341
0
27,460
49,089
0
10,000
0
7,500
225
66,814
(48,459)
(45,815)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(94,274)
0|Balance at
31.12.23
1,931,024
7,518
0
346,407
46,383|
|---|---|---|---|---|---|
||||||2,331,332|
||||||49,089
11,571
11,323
10,493
7,500
225|
||||||90,201|
||||||631,541
0
33,283
11,622
8,801
8,550
5,304
2,683
903
633
356
324
188
75
65
0
0
0
0
0
0
0
0
0
0
0|
||||||704,328|
||||||3,125,861|
**42**
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 2023**
## **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 £2.33m, showing that at 31 December 2023 £1.93m was held in residential properties, £8k was held in furniture and equipment and the balance of £393k is in operating activities (All Saints’ - £346k, St Andrew’s - £46k).
The transfers shown above are explained in more detail in the table below.
|**TRANSFERS**
**(a) General**
General
Residential Properties
Furniture and Equipment
Property
All Saints’ Operating Activities
**(b) Designated**
Property Maintenance
All Saints’ Ministry
Growing Hope Partnership
Organ
**(c) Restricted**
Mary Lee Legacy (Property)
Mary Lee Legacy (Other)|Gift Day
and Organ
Transfers
£
1
0
0
(17,726)
(17,725)
0
10,000
7,500
225
17,725
0
0
0
0|Furniture
and
Equipment
£
0
10,024
0
(10,024)
0
0
0
0
0
0
0
0
0
0|Property
Transfer
£
532,564
0
(596,929)
15,276
(49,089)
49,089
0
0
0
49,089
0
0
0
0|Mary Lee
Expenses
Transfer
£
48,459
0
0
45,815
94,274
0
0
0
0
0
(48,459)
(45,815)
(94,274)
0|Total
Transfers
£
581,024
10,024
(596,929)
33,341|
|---|---|---|---|---|---|
||||||27,460|
||||||49,089
10,000
7,500
225|
||||||66,814|
||||||(48,459)
(45,815)|
||||||(94,274)|
||||||0|
## **Designated Funds**
## **Property Maintenance**
For refurbishment of 14 Ashdon Close and maintenance of church site and residential properties. It is forecast that £650k might be needed over the next five years.
## **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. £9,304 was gifted during 2023, leaving £11,571 for future years. It is expected that the fund will be spent over the next three years.
## **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.
**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 2023**
## **16. FUNDS - MOVEMENTS IN YEAR (CONT’D)**
## **Connect Project Depreciation**
This fund was given as part of Connect Project and will be used over the next three years as the plant & machinery and fixtures, fittings & equipment are depreciated. See note 11.
## **Growing Hope Partnership**
This fund is for setting up a Growing Hope Partnership hub to provide free therapy for children and young people with additional needs. It is anticipated that this fund will be spent over the two years.
## **Organ**
This fund is for organ maintenance. It is expected that the fund will be spent in 2024.
## **Restricted Funds**
## **Mary Lee Legacy (Property and Other)**
The fund is for the upkeep and fabric of All Saints’ church. During the year the fund received £30k rental income, paid £5k of property costs and transferred £94k was transferred to the general funds to cover upkeep and fabric costs of All Saints’ church. £46k of this transfer was cash and £48k was a share of Vernon Avenue property.
## **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 three years as the plant & machinery and fixtures, fittings & equipment are depreciated. See note 11.
## **NW Discipleship Students - CDBF**
The fund represents the balance of a grant from the Diocese in 2018 to fund interns from parishes within the Diocese on the New Wine Discipleship programme at All Saints. It is anticipated that the fund will be used over the next three years.
## **Parish Hardship**
Established during 2020, this fund is to assist those in need from both the church family and the local community. It is to provide small non-repayable grants to individuals and families who finds themselves in need and with no other means of support. It is intended for the purchase of everyday 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.
## **Myriad**
The fund is to support our Myriad hub, a resource to equip lay church planters in Essex, East London and beyond in growing small teams to develop new church communities. It is expected that the fund will be used in 2024.
## **Worship and youth**
The fund is for youth activities and instruments for the youth to use in worship. It is expected that the fund will be spent over the next two years.
## **Organ**
This fund is for organ maintenance. The expected that the fund will be spent over the next two years.
**44**
## **ALL SAINTS’ WITH ST ANDREW’S**
N O T E S T O T H E F I N A N C I A L S T A T E M E N T S
## **Year ended 31 December 2023**
## **16. FUNDS - MOVEMENTS IN YEAR (CONT’D)**
## **Annual Sale**
This fund is the money raised at the Annual Sale in November each year. It is anticipated that the Mission Committee will allocate these funds to individuals or organisations as evangelistic opportunities arise over the next year.
## **St Andrew’s Iphiko**
The fund was raised to support Iphiko. The balance is expected to be gifted during 2024.
## **Interns Mission Trip**
The fund is to support the interns mission trips. The balance is funds raised in 2023 for the 2024 mission trip.
## **St Andrew’s Kate Bishop**
This fund was raised to support Kate Bishop. The balance is expected to be gifted during 2024.
## **St Andrew’s Ruth Lovell Water**
This fund was raised to support Ruth Lovell in purchasing water filters. The balance is expected to be gifted during 2024.
## **Choir**
This fund is for the choir and is expected to be spent in 2024.
## **Mission**
The fund was raised to support individuals or organisations in mission. The fund was gifted during the year.
## **Gift Day**
This fund was raised to extend the Kingdom through supporting mission partners. The fund was distributed during the year.
## **St Andrew’s Ruth Lovell**
This fund was raised to support Ruth Lovell. The fund was gifted during the year.
## **Syria/Turkey Earthquake**
This fund was raised to support earthquake in Syria and Turkey. It was gifted to Tear Fund during the year.
## **Haven House**
This fund is to support Haven House. The fund was distributed during the year.
## **Church at Barking Riverside**
This fund is to the Church at Barking Riverside. The fund was distributed during the year.
## **Salvation Army**
This fund is to support homeless people in the borough. It was distributed to Salvation Army during the year.
## **St Andrew’s Ruth Lovell Gate**
This fund was raised to support Ruth Lovell in purchasing a gate. The fund was gifted during the year.
## **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.
## **St Andrew’s Syria/Turkey Earthquake**
This fund was raised to support earthquake in Syria and Turkey. It was gifted to Tear Fund during the year.
## **Youth Weekend**
This fund is to support the Youth weekend. 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 2023**
|**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
£
1,949,034
24,849
497,143
(49,493)
2,421,533|Restricted
Funds
£
643,163
655
65,522
(5,012)
704,328|Total
2023
£
2,592,197
25,504
562,665
(54,505)
3,125,861|_Total_
_2022_
_£_
_2,060,157_
_17,312_
_1,045,393_
_(50,378)_
_3,072,484_|
|---|---|---|---|---|
## **18. THIRD PARTY TRANSACTIONS**
During the year we had two collections on behalf of a third party organisations. The money was paid over in full as follows:
- £1,180 Tear Fund
- £414 The Good Shepherd Project
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.
**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 2023**
|**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
£
754,152
212,272
0
10,443
9,440
986,307
0
307,432
220,099
25,191
284,040
(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|
|---|---|---|---|
**47**