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2022-12-31-accounts

DocuSign Envelope ID: 95B5A9F7-385C-4716-8C26-C5DB6B5C002D

St John's Church, Easter Centre, Manor Farm Lane Egham, Surrey, TW20 9HR

Annual Report and Financial Statements of the Parochial Church Council of the Ecclesiastical Parish of

St John the Baptist, Egham

for the year ended 31 December 2022

Registered Charity number: 1130185 Address: High Street Egham, Surrey TW20 9HL Office: Easter Centre, Manor Farm Lane Egham, Surrey TW20 9HR Incumbent: The Reverend Esther Prior Chair: The Reverend James Ellin Deputy Chairman: Keith Malcouronne FCA Treasurer: Sara Holloway Bankers: National Westminster Bank plc 67 High Street Staines, Surrey, TW18 4PU Registered Auditor: Menzies LLP Chartered Accountants Centrum House 36 Station Road Egham, Surrey TW20 9LF

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Our Values: Inviting Welcoming Courageous Creative Transforming Christ-centred

DocuSign Envelope ID: 95B5A9F7-385C-4716-8C26-C5DB6B5C002D

St John's Church, Easter Centre, Manor Farm Lane Egham, Surrey, TW20 9HR

2022 Annual Report of the Parochial Church Council of the Ecclesiastical Parish of St John the Baptist Egham

registered as a charity, number 1130185. It is a public benefit entity under the Charities Acts.

Members and Charity Trustees of the PCC

Members represent trustees who are trustees for the purposes of charity law.

Members are either ex-officio or elected by the Annual Parochial Church Meeting in accordance with the Church Representation Rules. Under those rules, lay representatives on the PCC are ordinarily expected to serve for a term of three years, with a third of the lay representatives elected each year. Training and induction of new members is the focus of the first meeting of each new PCC.

The following served as members throughout 2022 unless otherwise indicated:

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Our Values: Inviting Welcoming Courageous Creative Transforming Christ-centred

DocuSign Envelope ID: 95B5A9F7-385C-4716-8C26-C5DB6B5C002D

St John's Church, Easter Centre, Manor Farm Lane Egham, Surrey, TW20 9HR

The following were Officers during 2022 in addition to those shown above:

Assistant Treasurer: Mr Alastair Marshall, Mr Chris Gray since May 23[rd] Partnership Secretary: Mr Phil Johnson, Andrew Tebboth since June 28[th]

The PCC is governed by the Parochial Church Councils (Powers) Measure and charged with:

The Parochial Church Council has referred to the Charity Commission's guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities. In particular the Parochial Church Council has considered how planned activities will contribute to the aims and objectives it has set.

The PCC has ultimate responsibility for running the church. They set the budgets, agree appointments and together with the vicar determine the aims and objectives of the church and the broad guidelines to be followed. The Wardens and other Officers are engaged in many day to day activities. Also the paid employees and key church members volunteer for much of the church s work. The remuneration of key management of the church is not specifically determined by the PCC in that the Vicar, who is employed by our diocese of Guildford, is remunerated by and according to pay scales determined by them. The other key officers all act on a voluntary basis and receive no remuneration. Pay for all staff is set by the PCC and follows a review to determine the appropriate rate for the role. Pay increases reflect performance and consider guidance from the diocese. As stated in note 5, members of the PCC who are employed by the church or whose relatives are employed by the church, are excluded from any discussion on remuneration.

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Our Values: Inviting Welcoming Courageous Creative Transforming Christ-centred

DocuSign Envelope ID: 95B5A9F7-385C-4716-8C26-C5DB6B5C002D

St John's Church, Easter Centre, Manor Farm Lane Egham, Surrey, TW20 9HR

Be joyful in hope, patient in affliction, faithful in prayer. (Romans 12.12)

The priority in 2018 into 2019 was working on our Mission, Vision and Values. This led to an exciting process, with the prayer and hard work undertaken by the PCC leading to their launch at the Annual Parish Church Meeting (APCM) in 2019. What they have given us is a set of words and a framework that has proven to be fit for purpose - even at a time of crisis. Our mission statement inspires me, our values shape my actions and our vision gives me something to pray into. I think more and more that these have become part of our DNA as a church.

Having established our Mission, Vision and Values, the next big task was to build a Governance Structure that would help us move these ideals forward, enabling us to have a vehicle that was fit for purpose. Again, the PCC went to work and we were able to launch our new Governance Structure at our APCM in October 2019. The biggest impact so far has been the reshaping of our PCC meetings with more structured reporting and focused workgroups overseeing different areas of our church life.

In 2021 we turned our attention to our internal communications strategy and tools. This is very much a work in progress but with new administrative tools (ChurchSuite and 365), new way of doing church notices and refocusing our Admin tasks to include creative communication the ground has been set and we hope to build on this in 2022. The aim is for the whole church family to feel inspired and empowered through improved information-sharing as we develop the effectiveness of our

communications. We have made some progress with this. The transition to Teams, in particular, is well uch as we had hoped especially with ChurchSuite. It is the stated goal for the Admin Team for 2023. Please pray as we embed these excellent administrative tools to improve our communications.

2022 saw the introduction of what I described as three Companions: Visibility, Invitation and Participation. We made strides in all these areas as we saw a real gear change in our community Festival, and the Community Fridge were particular highlights amongst many.

In 2023 we hope to build on this and are particularly looking forward to gospel partnership with the Team from Brazil joining us for Mission Week in July. Amongst all that God has prepared for us this year I believe inhabiting our Bible Verse Be joyful in hope, patient in affliction, faithful in prayer will prove to be a big part of how God is shaping us this year. Romans 12.12

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Our Values: Inviting Welcoming Courageous Creative Transforming Christ-centred

DocuSign Envelope ID: 95B5A9F7-385C-4716-8C26-C5DB6B5C002D

St John's Church, Easter Centre, Manor Farm Lane Egham, Surrey, TW20 9HR

As I look back on 2022, as ever I am grateful for all that God has done among us. We have welcomed new people including a growing number of Students. We have baptised new Christians, while celebrated as others reaffirmed their Baptism vows. In early 2023 our debt went under £1M . Many have given of

in many encouraging ways, most areas of ministry are still in need of volunteers. BUT, I have to say - there have been extraordin on all fronts as we seek to love God, love one another and to love our community.

Take a look at our Governance Circle below and thank God for each person that each segment represents. Also spot the difference

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Our Values: Inviting Welcoming Courageous Creative Transforming Christ-centred

DocuSign Envelope ID: 95B5A9F7-385C-4716-8C26-C5DB6B5C002D

St John's Church, Easter Centre, Manor Farm Lane Egham, Surrey, TW20 9HR

Teaching The highlight for me was the Evangelism Season. People spoke to me of real life/habit changing impact from the teaching, the practical tips, and the Mission Week. What was your highlight? Prayer This remains a priority. While there are many encouraging signs of prayerfulness in individual disciplines, prayer partnerships, Life Groups, Ladies Prayer Breakfasts and so on, our corporate calls to Prayer s about how we can energise our corporate life of prayer please do let me know.

Evangelism With thanks to our Intern, Carrie, the Staff Team, and volunteers, we pulled of our first Mission Week since 1995. For 10 days, we were a sea of red, blessing our town. Some of the highlights for go on. What were yours, if you were here then? We are looking forward to building on this when we welcome the Team from Brazil in July.

Developing a Festival Town This is a work in progress. Being intentional in thinking about how we can foster our community partnerships through marking and celebrating the Festivals together. Remembrance Sunday was a highlight for me as this intentional mindset set a new tone in our partnership with the Egham Band. What was yours? Easter Fun Day was great as a new initiative.

one another, and love our

join in God's work of proclaiming and demonstrating the g

1. Numerical Growth

The 9am and 10.30 Sunday in-person Services, in particular, have struggled to recover numerically post pandemic. While giving thanks for our online congregation and the healthy numbers there across all three Services, the encouraging numbers at our monthly Praise Tots Service, Wednesday Communion and 6pm Gathering - I want to acknowledge that our morning Services on Sunday are lagging behind. Would you join me in praying for 100 adults at the 9am Service, 150 adults at the 10.30am. We have 55 children and 38 young people on our register and we would love to pray for double that number this year and for more regular engagement of our current cohort. I know many of us have a love/hate relationship with targets, but I hope that it will at least focus our prayers and our collective response to embody our first value Research suggests that about 25% of adults would go to church if a friend would just invite them and about 90% of Christians have no intention of inviting anyone. Most people will come to church when someone they know and trust invites them and offers to accompany them. We want to embed an invitational culture in which those who are far from Jesus are invited to follow the one who has revolutionized our lives.

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Our Values: Inviting Welcoming Courageous Creative Transforming Christ-centred

DocuSign Envelope ID: 95B5A9F7-385C-4716-8C26-C5DB6B5C002D

St John's Church, Easter Centre, Manor Farm Lane Egham, Surrey, TW20 9HR

2. Welcome

on Sundays the latter at 10.30am. I am so grateful for those who have stepped up, but I am acutely aware that this area of ministry needs revitalisation. One of the key things that people value from their church is warmth and welcome. It is the church's welcome that will encourage most people to return to church, and to develop their faith and trust in God. I have been struck by the number of people whose who will gather a Team to champion this ministry and revitalise our hospitality on Sundays.

3. Prayer

Discontentment and guilt with our prayerlessness can be a common and paralysing malaise. My prayer is -hour period of Prayer. This would be 4 times a year 24/7 and the possibility of an emergency call to Prayer for a day. They would not be set apart as an exclusive club, but as a catalyst for a prayer movement that draws others into corporate prayer. Could you be one of the 24? May God make us a joyful house of prayer.

4. Loving our Community Local and Abroad

We are hoping to re-envision our Mission Partnerships and have a coherent strategy for how we embed this ministry within the broader life of the church. Kamani Hewagama is the new leader of the Mission Team please pray for her as she steps into this role.

Locally, we want to build on the success of Mission Week and are excited that this year it will be in partnership with our Latin Link Mission Partners. This ties in with the aforementioned hope of embedding our Mission Partnerships in our life together. We also

working with our community partners and strengthen our role as a convener in the community.

5. Communication

The admin Team has been tasked with embedding ChurchSuite beyond Teams to the congregation in order to improve our communications processes and create an environment in which information can be communicated clearly and effectively.

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Our Values: Inviting Welcoming Courageous Creative Transforming Christ-centred

DocuSign Envelope ID: 95B5A9F7-385C-4716-8C26-C5DB6B5C002D

St John's Church, Easter Centre, Manor Farm Lane Egham, Surrey, TW20 9HR

There were 300 people on the Electoral Roll adopted in April 2022 (2021: 311), of whom 165 (2021: 172) were resident outside the parish. Physical attendance during Sundays in October 2022 averaged 208 adults and 41 children under 16, making a total of 249 (October 2021 averaged 192 adults and 43 children under 16, making a total of 235). The estimated number of people engaging online, either live or later on, in October 2022 was 88.

Promoting a Safer Church

St John s continues to be committed to providing a welcoming, respectful, and safe environment for all, including children and adults who may be at risk of abuse and neglect. The care and protection of children, young people and adults involved in church activities is the responsibility of everyone who participates in the life of the church community. The Parochial Church Council (PCC) takes the requirement to ensure the safety of everyone extremely seriously.

Safeguarding Dashboard

We are continuing to work towards Level 2.

The outstanding actions are:

They all need to be completed, reviewed, and populated with up-to-date numbers

Parish recording form

The template continues to be used regularly and is being treated as a live document so that any updates or reviews are all recorded on one document and can be kept in one place.

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Our Values: Inviting Welcoming Courageous Creative Transforming Christ-centred

DocuSign Envelope ID: 95B5A9F7-385C-4716-8C26-C5DB6B5C002D

St John's Church, Easter Centre, Manor Farm Lane Egham, Surrey, TW20 9HR

Vulnerability Report Sheet

This document has been developed and is now being used effectively.

The report documents the following information:

Cases since last report (November 2022):

There have been 6 instances where I have been notified that there have been concerns involving individuals. All were Vulnerable Adults. Some of the concerns were multiple can be categorised as follows:

In all cases the workers or volunteer involved have responded in a very careful, caring and considered way - taking the correct action and signposting appropriately. In this quarter there have been no absolute safeguarding issues.

Parish Safeguarding Officer Lorna Jamison

Email: safeguarding@stjohnsegham.org.uk Tel: 07971 100530

As with most churches and charities, the majority of the PCC s income is the result of voluntary giving. Over the years, especially with the focus on building the Easter Centre, we have seen faithful, sacrificial giving from a significant number of individuals, the majority who give through the Parish Giving Scheme and make and renew pledges through our annual Gift Day. The Finance & Stewardship Sub-Committee, ably supported by our Partnership Secretary, monitors the level of giving, the risk of being dependent on a small number of individuals, and undertake cashflow planning to ensure we can meet our obligations for day to day expenditure as well as the schedule of loan repayments.

The PCC recognises the challenge of having a major multi-year debt burden which could impinge on the immediate mission-based opportunities which require funding. Demonstrating good stewardship alongside faith-stretching financial challenges and recognition of past generosity and blessings, ensures our plans and budget do not stifle the work we feel called to undertake now, while ensuring we can meet our longterm obligations.

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Our Values: Inviting Welcoming Courageous Creative Transforming Christ-centred

DocuSign Envelope ID: 95B5A9F7-385C-4716-8C26-C5DB6B5C002D

St John's Church, Easter Centre, Manor Farm Lane Egham, Surrey, TW20 9HR

Statement of Trustees' Responsibilities

Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the charity's financial activities during the year and of its financial position at the end of the year (unless the charity is entitled to prepare accounts on the alternative receipts and payments basis). In preparing financial statements giving a true and fair view, the trustees should follow best practice and:

The trustees are responsible for keeping proper accounting records which disclose, with reasonable accuracy, the financial position of the charity, and which enable them to both ascertain the financial position of the charity and ensure that the financial statements comply with the applicable law, regulations, and trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

No payments were made to PCC members for services as Trustees (other than expense reimbursement).

Review of Financial Activities and Affairs

The PCC Accounts incorporate the activities of all groups operating under its auspices, segregated into those which are unrestricted (for use at PCC discretion) and those which are restricted (where the use has been specified by the donor). Total income for 2022 was £692,716 and expenditure £572,657, leaving a net income of £120,059. These totals include Restricted Income of £143,635 including Gift Aid, towards the Easter Centre related loans.

PCC General Fund

The General Fund comprises unrestricted funds under the direct control of the PCC, except those invested in freehold property, and so covers most normal operating income and expenditure. General Fund income for the year was £380,696 (2021: £422,319, 2020: £377,304). It is humbling to be part of a church community that has given more generously in 2022 than the last two years (ignoring the significant legacy received in 2021) especially when the cost of living has increased significantly.

There is a 10% increase in unrestricted expenditure at £372,972 (2021: £332,902). This reflects a full operating year of our ministries compared to 2021 where we were still coming out of Covid restrictions. The numbers of children, youth, students and adults we connect with has increased and that is reflected in the associated increased costs. Also, our administration needs were reviewed resulting in increased administration hours. The overall operating surplus of £7,724 (2021: £89,417 due to the legacy) is a testament to the generosity of the congregation increasing their giving as the costs increase as we as a church increase our engagement and involvement in our community.

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Our Values: Inviting Welcoming Courageous Creative Transforming Christ-centred

DocuSign Envelope ID: 95B5A9F7-385C-4716-8C26-C5DB6B5C002D

St John's Church, Easter Centre, Manor Farm Lane Egham, Surrey, TW20 9HR

Fundraising standards, reserves, investment, and grants policies

from church members and no appeals are made to the general public. Although we are not members of any regulatory scheme, the PCC follows the Code of Fundraising Practice established by the Fundraising Regulator. All teaching about Christian stewardship and generosity is scriptural with specific care taken that advantage is not taken of vulnerable members. The fundraising training continues to ensure that the trustees and those involved in fundraising are properly trained and the necessary procedures are followed.

It is the policy of the PCC to maintain a sufficient balance of cash reserves in its General Fund to cover between three and six months of current expenditure (so a minimum of £90,000). At the end of 2022 the General Fund cash had a balance of only £50,857, which with the Fabric & Repair Fund of £41,670 meets our policy requirement. However, the church boiler needs replacing and quotes for a direct replacement were £32k in August 2022. the shortfall could be met at short notice by encashing the £62,083 of CCLA Investment Fund units held at 31 December 2022.

Our policy is to invest our longer-term General Fund reserves in the CCLA Church of England Investment Fund with a view to growth in income and capital over the medium term.

Grants to mission partners locally and overseas are made on the basis of clear knowledge of and connections

, and seek to enhance this giving with additional appeals and fund raising.

Financial Outlook and Strategy for 2023

2022 was an encouraging year of activity and we look forward to continued activity and growth in 2023. More activity will cost more but St John is combined with inflation of 10%. We are already predicting an increase of £25k in our utility bills. We are grateful for the response to our Christmas appeal for this which raised £16k. We will continue seeking grants and donations where it is appropriate.

The quinquennial inspection in 2021 identified work which must be undertaken in the coming years to maintain the integrity of the buildings. As much work as possible has been done in-house by those with relevant experience from within the church community. The remaining items need to be reviewed in terms of cost and timing.

Funds are in place for repayment of the financial obligations related to the debt of the Easter Centre which are due in 2023. Due to the generosity at the annual Gift Day we were able to pay off £50k which has reduced our interest burden. This is important as interest rates rise.

As set out in Note 2b to the following Financial Statements, the PCC believes the charity is a going concern for at least twelve months from the date of approval of these accounts and that funds will continue to become available to repay its borrowings as they fall due.

We thank all those who have given financially to support the ongoing ministries of St Johns and paying off the Easter Centre debt, whether that be through our Partnership Scheme or otherwise. All contributions are welcome and appreciated. It is the known, regular, committed giving helps us plan with certainty.

On behalf of the Parochial Church Council

Approved on 19-Jun-2023

Revd Esther Prior, Chair

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Our Values: Inviting Welcoming Courageous Creative Transforming Christ-centred

DocuSign Envelope ID: 95B5A9F7-385C-4716-8C26-C5DB6B5C002D

John the Baptist Egham for Year Ended 31 December 2022

We have audited the financial statements of the Parochial Church Council of St John the Baptist Egham for the year ended 31 December 2022 set out on pages 15 to 24. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 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: Statements 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 financial statements 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 2019.

Opinion

In our opinion the financial statements:

t 31

December 2022 and of its incoming resources and application of resources, including its income and expenditure 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 Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and in other respects 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 section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to 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 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 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 Parochial Church Council with respect to going concern are described in the relevant sections of this report.

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DocuSign Envelope ID: 95B5A9F7-385C-4716-8C26-C5DB6B5C002D

John the Baptist Egham for Year Ended 31 December 2022 (Continued)

Other information

The Members of the Parochial Church Council are responsible for the other information. The other information comprises the information included in the Annual report, other than the financial statements and our Auditor's report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. 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 course of 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 this gives rise to a material misstatement in the financial statements themselves. 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 financial statements is inconsistent in any material respect with the report of the Parochial Church Council; or

sufficient accounting records have not been kept; or

the financial statements are not in agreement with the accounting records; or

we have not received all the information and explanations we require for our audit.

Responsibilities of the Parochial Church Council

As explained more fully in the

the Members of the Parochial Church Council are responsible for the preparation of financial statements which give a true and fair view, and for such internal control as the Members of the Parochial Church Council 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 Members of the Parochial Church Council are re concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Members of the Parochial Church Council either intend alternative but to do so.

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DocuSign Envelope ID: 95B5A9F7-385C-4716-8C26-C5DB6B5C002D

John the Baptist Egham for Year Ended 31 December 2022 (Continued)

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 151 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 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.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud is detailed below:

We assessed the susceptibility of the Charity's financial statements to material misstatement, including how fraud might occur. We considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in the following areas; posting of fraudulent journal entries, authorisation, processing, and payment of fraudulent expenses and timing of revenue recognition.

Audit procedures performed by the engagement team included:

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DocuSign Envelope ID: 95B5A9F7-385C-4716-8C26-C5DB6B5C002D

John the Baptist Egham for Year Ended 31 December 2022 (Continued)

Auditor's responsibilities for the audit of the financial statements (continued)

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.

website at: https://www.frc.org.uk/Our-Work/Audit/Audit-and-assurance/Standards-andguidance/Standards-and-guidance-for-auditors/Auditors-responsibilities-foraudit/Description-of-auditors-responsibilities-for-audit.aspx.

Use of our report

This report is made solely to the Members of the Parochial Church Council, 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 Members of the Parochial Church Council those matters we are required to state to them in an Auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the Members of the Parochial Church Council, as a body, for our audit work, for this report, or for the opinions we have formed.

Menzies LLP Chartered Accountants Statutory Auditor Centrum House 36 Station Road Egham Surrey TW20 9LF

Date: 19-Jun-2023

Menzies LLP is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006

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DocuSign Envelope ID: 95B5A9F7-385C-4716-8C26-C5DB6B5C002D

Parochial Church Council of St John the Baptist, Egham Balance Sheet as at 31 December 2022

Note
Fixed Assets
Tangible Fixed Assets:
6
Easter Centre
Freehold Property - Curate House
Audio Visual, Office & Other Equipment
Investment Assets
7
Total Fixed Assets
Current Assets
Stock of Traidcraft goods
8
Debtors and prepayments
9
Cash at bank and in hand: General Fund
12
Cash at bank: Fabric and Repairs Fund
12
Cash at bank: Music & Worship Fund
12
Cash at bank: Building for the Future
12
Cash at bank: Playbox & other Restricted Funds
12
Total current assets
Current Liabilities
10
Bank & other loans due within one year
Creditors, Accruals & Deferred Income
Total current liabilities
Net Current Assets/(Liabilities)
Creditors due after more than one year
11
Bank and interest free loans
Net Assets
Represented by:
Funds
12
Unrestricted funds:
General Fund
Fabric Fund
Music & Worship Fund
Easter Centre Building Fund
Other Freehold Properties Fund
Restricted funds
Endowment Fund:Edward Budgen bequest
Total Funds		 2022
£
£
5,936,848
320,696
8,956
62,083
£6,328,583
0
14,673
50,857
41,670
30,395
59,969
77,695
275,259
-157,372
-51,015
-208,387
66,872
-865,601
£5,529,854
94,834
41,670
29,945
4,902,420
320,696
56,442
83,847
£5,529,854		 £
0
5,292
30,271
41,670
30,000
102,377
60,401
-174,850
-29,777		 2021
£
5,936,848
320,696
14,189
70,305
£6,342,038
270,011
-204,627
65,384
-989,405
£5,418,017
94,134
41,670
30,000
4,793,914
320,696
53,756
83,847
£5,418,017

19-Jun-2023 Approved by, and signed on behalf of, the PCC on _____ 2023 Revd Esther Prior - Chairman Sara Holloway - Treasurer

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DocuSign Envelope ID: 95B5A9F7-385C-4716-8C26-C5DB6B5C002D

Parochial Church Council of St John the Baptist, Egham Statement of Financial Activities

for the year ending 31 December 2022

Note
Income and endowments from:
Donations and legacies
3a
Church activities
3b
Other trading activities
3c
Investments
3d
Total income
Expenditure on:
Grants made
4a
Church activities
4b
Total expenditure
Net income/(expenditure)
Transfers between funds
General Fund to Fabric Fund
Traidcraft to General Fund
General Fund to Music & Worship Fund
General Fund to Freehold Property Fund
Restricted Fund to Freehold Property Fund
Net income/(expenditure) after Transfers
Other recognised gains/(losses)
Unrealised gains on investment assets
Net Movement in Funds
Reconciliation of funds:
Balances brought forward 1 January
Endowment Fund balance (no movement)
Balances carried forward 31 December*		 Unrestrict
2022
2021

£
£
335,593
387,331
42,990
30,794
0
0
2,113
4,194
£380,696
£422,319
43,653
30,675
329,319
302,227
£372,972
£332,902
£7,724
£89,417
0
0
1,198
0
0
-30,000
0
-60,000
0
0
£8,922
(£583)
(8,222)
8,820
£700
£8,237
94,134
85,897
£94,834
£94,134
General Fund		 ed Funds
2022
2021
£
£
0
0
0
0
0
0
395
0
£395
£0
450
0
0
0
£450
£0
(£55)
£0
0
0
0
0
0
30,000
0
60,000
108,506
279,363
£108,451
£369,363
0
0
£108,451
£369,363
5,186,280
4,816,917
£5,186,280
£5,294,731
Freehold, Fabric &
Music Funds		 2022
2021
£
£
205,681
350,953
105,803
94,041
0
0
141
7
£311,625
£445,001
22,958
16,634
176,277
161,447
£199,235
£178,081
£112,390
£266,920
0
0
-1,198
0
0
0
0
0
-108,506
-279,363
£2,686
(£12,443)
0
0
£2,686
(£12,443)
53,756
66,199
£56,442
£53,756
Restricted
Funds		 Total
2022
2021
£
£
541,274
738,284
148,793
124,835
0
0
2,649
4,201
£692,716
£867,320
67,061
47,309
505,596
463,674
£572,657
£510,983
£120,059
£356,337
0
0
0
0
0
0
0
0
0
0
£120,059
£356,337
(8,222)
8,820
£111,837
£365,157
5,334,170
4,969,013
83,847
83,847
£5,418,017
£5,529,854

*Separate columns for the Endowment Fund are not presented as the income of this fund forms part of the General Fund and there were no movements on this fund in either year.

Page 17

DocuSign Envelope ID: 95B5A9F7-385C-4716-8C26-C5DB6B5C002D

Parochial Church Council of St John the Baptist, Egham Statement of cash flows for the year ended 31 December 2022

2022
£
£
Cash flows from operating activities
Net cash provided by operating activities(see reconciliation below)
134,500
Cash flows from investing activities
Dividends, interest and rent from investments
2,649
Purchase of property, plant and equipment
0
Proceeds from sale of property/investments
0
Net cash generated/(used) by investing activities
2,649
Cash flows from financing activities
Repayment of borrowings
-146,282
Cash inflows from new borrowings
5,000
Net cash provided by financing activities
-141,282
Change in cash and cash equivalents in the year
-4,133
Cash and cash equivalents at the beginning of the year
264,719
Cash and cash equivalents at the end of the year
£260,586
Reconciliation of net income to net cash flow from operating activities
Net income for the year (as per Statement of Financial Activities)
111,837
Adjustments for:
Depreciation charges
5,233
Loss / (Gain) on investments
8,222
Dividends, interest and rent from investments
-2,649
Decrease / (Increase) in stocks
0
Decrease / (Increase) in debtors
-9,381
Increase / (Decrease) in creditors
21,238
22,663
Net cash provided by operating activities
£134,500
Analysis of cash equivalents
Cash at bank and in hand
198,673
Notice deposits (less than three months)
61,913
£260,586
Analysis of changes in net debt
At start of
year
Cash-flows
Cash equivalents
264,719
-4,133
Loans falling due within one year
-174,850
152,092
Loans falling due after more than one year
-989,405
-10,810
Total
(£899,536)
£137,149		 2021
£
£
372,496
4,201
-8,595
0
-4,394
-430,584
142,000
-288,584
79,518
185,201
£264,719
365,157
5,588
-8,820
-4,201
506
7,341
6,925
7,339
£372,496
203,610
61,109
£264,719
Non-cash
changes
At end of
year
0
260,586
-134,614
-157,372
134,614
-865,601
£0
(£762,387)

Page 18

DocuSign Envelope ID: 95B5A9F7-385C-4716-8C26-C5DB6B5C002D

PCC of St John the Baptist, Egham Notes to the Financial Statements for the year ending 31 December 2022

Note

1 The Parochial Church Council of the Ecclesiastical Parish of St John the Baptist Egham ("the PCC") is a PCC established under the Parochial Church Councils Measure (1956) as amended and the Church Representation Rules. It is a charity registered in England & Wales number 1130185 and meets the definition of a Public Benefit Entity under Financial Reporting Standard 102. Details of the principal office are included in the PCC's Annual Report. 2 Accounting Policies 2a Accounting Convention and Standards The financial statements have been prepared on a Going Concern basis in accordance with: the Statement of Recommended Practice Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) effective 1st January 2019 ("the SORP"); the Church Accounting Regulations 2006; and the Charities Act 2011. They have also been prepared to give a True and Fair view and so have departed from the Charities (Accounts and Reports) Regulations 2008 but only to the extent necessary to do so to follow the SORP. They are presented in sterling, the functional currency of the PCC, rounded to the nearest pound. They have been prepared under the historical cost convention, except for investment assets which are shown at market value, and include all transactions, assets and liabilities for which the PCC is responsible. They do not include the accounts of groups such as Besom, that owe their main affiliation to another body, nor informal gatherings of church members. No financial benefit has been reflected in these accounts in respect of the time and effort freely given by many members of the church involved in the running and administration of church and community activities. 2b Going Concern At 31 December 2022, the balance sheet shows net current assets of £66,872 and long term liabilities of (£865,601). The accounts do not include gifts received and pledges of more than £250,000 for receipt between 2023 and 2027. These gifts and pledges will cover the repayment of loans due into 2024 even without further gifts that are expected through the Gift Day process. The PCC has prepared cash flow forecasts taking into account receipts and payments, and the commitment demonstrated by church members and other donors to date, and accordingly believes the charity is a going concern for at least 12 months from the date of approval of these accounts and that funds will be available to repay its borrowings for constructing the Easter Centre as they fall due. 2c Funds Unrestricted funds represent funds of the PCC that are not subject to any restrictions regarding their use and are available for the general purposes of the PCC. These unrestricted funds include funds designated for a particular purpose by the PCC, such as the Freehold Property Fund which represents the amount invested (net of loans) in operational properties. Restricted funds represent funds which may only be used for a particular purpose but remain wholly under the control of the PCC. Endowment funds are those whose capital must be maintained; only income arising from the endowment may be used as directed. The only Endowment fund held is the Budgen Bequest which is for the general purposes of the PCC. As explained in Note 6, this is now invested in part of the Easter Centre, the income and ministry use of which supports the General Fund. 2d Income and endowments Planned giving, collections and donations are recognised when received. Tax refunds are recognised when the incoming resource to which they relate is received. Grants and legacies are accounted for when the PCC becomes legally entitled to receive them. Income of the Playbox nursery represents the amounts receivable in respect of the provision of nursery facilities during the year. Dividends and interest are accounted for when receivable. Realised gains or losses are recognised when investments are sold and unrealised gains or losses on revaluation of investments at the year-end are accounted for through the Statement of Financial Activities. Income from letting PCC properties is recognised when due. Gains from the revaluation of PCC properties, whether realised on disposal or unrealised on revaluation, are reported as Other Recognised Gains in the Freehold Property Fund. 2e Expenditure Expenditure is accounted for on an accruals basis but excludes time or materials freely given by members. Grants are accounted for when awarded, if that award creates a binding or constructive obligation on the PCC. All costs are directly attributable to the different categories of expenditure and so no allocation or apportionment is made. 2f Fixed Assets Tangible Assets - Land and Buildings Consecrated and beneficed property is excluded from the financial statements in accordance with the Charities Act 2011. The Easter Centre has been built on land held in trust by the Diocese of Guildford on behalf of the PCC and is carried at cost including capitalised interest on loans taken out to fund construction costs in advance of donations received. Other freehold land and buildings held on behalf of the PCC are valued at cost or the PCC's estimate of market value in 2007 (if later). No depreciation is charged against freehold properties as their residual values are considered equal to or greater than their carrying value in the accounts. Tangible Assets - Equipment No value is placed on church inventory furnishings held by the churchwardens on trust for the PCC and which require a faculty for disposal. Other equipment held in the church premises and elsewhere is included at historical cost and depreciated over its estimated useful life of 5 years. Individual items costing less than £1,000 are written off when they are acquired. Investments Investments are stated at market value at the balance sheet date. 2g Stock No stock was held at the balance sheet date. Historically stock was valued at the lower of cost or net realisable value and related to the Traidcraft trading activity. 2h Public benefit entity concessionary loans Interest free loans from church members towards the public benefit of the Easter Centre are accounted for as concessionary loans under FRS 102. Details are set out in Note 11: Creditors due after more than one year. 2i Pension costs The PCC operates a defined contribution pension scheme. The assets are held separately from those of the PCC in independently administered funds. Employer contributions are charged to resources expended as they became payable.

Page 19

DocuSign Envelope ID: 95B5A9F7-385C-4716-8C26-C5DB6B5C002D

PCC of St John the Baptist, Egham Notes to the Financial Statements for the year ending 31 December 2022

(No columns for the Endowment Fund are shown in the following notes as the income of this fund forms part of the General Fund.)

Note
3
INCOME AND ENDOWMENTS FROM:
3a
Donations and legacies
Partnership Planned Giving scheme
Tax recoverable
Collections & Appeals
Gifts CAP, Kitchen, Caddey & Playbox
Grants Received
Easter Centre gifts
Legacies
Total
3b
Church activities
Residential & mission trips fees
Don. & subs - youth / other activities
Donations for use of facilities
PCC fees
Playbox fees & grants
Other -Concerts/Courses/Traidcraft
Total
3c
Fundraising and trading activities
Playbox fundraising
Total
3d
Investments
Dividends & interest income
Rental of properties
Total
Total Income
4
EXPENDITURE ON:
Charitable activities:
4a
Grants made
Overseas mission organisations
Home mission organisations
Training grants
Travel bursaries
Total
(see Note 5d for further details)
4b
Church activities
Ministry Team
Diocesan parish share
Clergy team expenses
Other salaries, expenses & Playbox
Total
Ministry costs
Worship
Adult mission inc. CAP & Kitchen
Youth mission & Playbox
Residential and mission trips
Other events and activities
Total		 General & Building
2022
2021
£
£
273,239
236,422
56,380
50,740
2,313
1,256
2,925
3,303
736
3,000
0
0
0
92,610
£335,593
£387,331
1,917
345
4,049
1,101
30,517
23,698
2,302
2,455
0
0
4,205
3,195
£42,990
£30,794
0
0
£0
£0
2,508
1,794
0
2,400
£2,508
£4,194
£381,091
£422,319
23,500
18,350
15,508
10,795
5,095
1,530
0
0
£44,103
£30,675

122,484
123,860
4,488
3,524
57,533
55,151
£184,505
£182,535
6,484
4,209
14,714
12,928
12,343
5,942
1,482
382
3,455
3,597
£38,478
£27,058		 Restricted
2022
2021
£
£
0
0
25,333
55,726
39,652
15,348
20,044
11,221
2,350
4,220
118,302
264,438
0
0
£205,681
£350,953
0
0
0
0
-16,200
-16,200
0
0
121,769
108,707
234
1,534
£105,803
£94,041
0
0
£0
£0
141
7
0
0
£141
£7
£311,625
£445,001
6,295
4,048
12,703
12,586
3,960
0
0
0
£22,958
£16,634
0
0
0
0
121,670
110,104
£121,670
£110,104
128
0
3,140
942
11,931
7,788
0
0
0
0
£15,199
£8,730		 Total
2022
2021
£
£
273,239
236,422
81,713
106,466
41,965
16,604
22,969
14,524
3,086
7,220
118,302
264,438
0
92,610
£541,274
£738,284
1,917
345
4,049
1,101
14,317
7,498
2,302
2,455
121,769
108,707
4,439
4,729
£148,793
£124,835
0
0
£0
£0
2,649
1,801
0
2,400
£2,649
£4,201
£692,716
£867,320
29,795
22,398
28,211
23,381
9,055
1,530
0
0
£67,061
£47,309
122,484
123,860
4,488
3,524
179,203
165,255
£306,175
£292,639
6,612
4,209
17,854
13,870
24,274
13,730
1,482
382
3,455
3,597
£53,677
£35,788

Page 20

DocuSign Envelope ID: 95B5A9F7-385C-4716-8C26-C5DB6B5C002D

PCC of St John the Baptist, Egham Notes to the Financial Statements

for the year ending 31 December 2022

Note
General Fund
Restricted
EXPENDITURE (continued):
2022
2021
2022
2021
4b
Church activities (continued)
£
£
£
£
Provision of buildings and equipment
Church
Utilities
6,094
2,928
0
0
Insurance
3,064
2,930
0
0
Cleaning and maintenance
4,232
3,618
0
0
Quinquennial/major works/repairs
4,442
12,338
0
0
Total
£17,832
£21,814
£0
£0
Easter Centre
Utilities
14,732
9,130
0
0
Insurance
1,950
1,867
0
0
Maintenance and gardening
8,488
11,498
0
0
Cleaning
6,905
3,886
0
0
Rent and management
0
0
0
0
Total
£32,075
£26,381
£0
£0
Caddey operating costs
£1,608
£1,018
£3,900
£0
Houses
Vicarage
303
247
0
0
Curate's house
725
1,684
0
0
Total
£1,028
£1,931
£0
£0
Depreciation of fixed assets
£5,233
£5,588
£0
£0
Total
£57,776
£56,732
£3,900
£0
Other expenditure
Interest payable, bank & legal fees
0
0
34,958
40,583
Traidcraft and Kitchen purchases
0
0
356
1,789
Total
£0
£0
£35,314
£42,372
Support costs
Parish Administrator and Assistants
28,403
19,983
0
0
IT & Phone
8,996
6,223
0
0
Office Costs
2,486
1,140
0
0
Bank & other service fees
1,564
2,651
194
241
Other support costs
241
205
0
0
Total
£41,690
£30,202
£194
£241
Governance costs
Audit fee
£6,870
£5,700
£0
£0
Total church activities
£329,319
£302,227
£176,277
£161,447
Total Expenditure
£373,422
£332,902
£199,235
£178,081
5a
Resources Expended
The following have been expensed through the General Fund:
£
Auditors' remuneration including Value Added Tax thereon
6,870
5b
Employee information and key management personnel
2022
Average number of full or part-time employees directly employed by the PCC
9
Average number of full or part-time employees directly employed by Playbox
9
Total employee emoluments paid by
Salaries
182,571
the PCC (including Playbox):
Employer pension contributions
2,053
Employer National Insurance
1,378
186,002		 Total
2022
2021
£
£
6,094
2,928
3,064
2,930
4,232
3,618
4,442
12,338
£17,832
£21,814
14,732
9,130
1,950
1,867
8,488
11,498
6,905
3,886
0
0
£32,075
£26,381
£5,508
£1,018
303
247
725
1,684
£1,028
£1,931
£5,233
£5,588
£61,676
£56,732
34,958
40,583
356
1,789
£35,314
£42,372
28,403
19,983
8,996
6,223
2,486
1,140
1,758
2,892
241
205
£41,884
£30,443
£6,870
£5,700
£505,596
£463,674
£572,657
£510,983
£
5,700
2021
8
9
167,116
1,958
813
169,887

There are no employees with emoluments above £60,000.

These figures exclude the Incumbent and Curate, who are employed by Guildford Diocese, paid for from Parish Share (in note 4b) and considered to be the key management personnel overseeing the ministry of St John's that is resourced by the PCC.

Page 21

DocuSign Envelope ID: 95B5A9F7-385C-4716-8C26-C5DB6B5C002D

PCC of St John the Baptist, Egham Notes to the Financial Statements

for the year ending 31 December 2022

Note

5c Transactions with members of the PCC and their immediate families

Mrs V Cresswell is employed as part time Church Administrator and received salary and pension contributions of £10,380. Mrs C Jenkins is employed as an Assistant Administrator and received a salary and pension contributions of £6,624 during her time on the PCC. Mrs P Evans is employed as the Pastoral Assistant Leader and received a salary of £10,424 during the year. Mrs M Cramer is employed as cleaner and received a salary of £747 during her time serving on the PCC. None of their remuneration was in respect of their services as PCC trustees.

Two members were reimbursed expenses totalling £635. This was related to their employment and not to their services as PCC members. None of their remuneration or reimbursed expenses are in respect of their services as PCC trustees. Our Incumbent and Curate (who are employed by the Diocese and remunerated out of our Parish Share) were reimbursed expenses, as were some other PCC members, none of which related to their services as PCC members.

Related parties

Steve Cresswell is married to the Church Administrator and Steve Jenkins is married to the Assistant Administrator. They were both excluded from decisions about employment or remuneration, as were the PCC members directly employed by the PCC. Keith Malcouronne is a director of Acuity Professional Limited which administered the PCC and Playbox payrolls for fees of £1,008 including non-recoverable VAT and of BC Technologies LLP who provided IT support for a total cost of £3,014. Keith is also deputy chairman of the Guildford Diocesan Board of Finance, which receives the parish share of £122,484. Phil & Sara Holloway received rent totalling £1,600 (£400 /month) for housing the intern.

5d Grants payable

Grants were made during the year to the following organisations (included within note 4a above):

Overseas mission: £ Home mission: £
Latin Link Brazil: Flatmans 7,300 Christians Against Poverty 6,300
Child Action Lanka 13,795 East to West Trust 7,629
My Fathers House Olinda Brazil 7,300 Faith Awareness in Children Trust 2,000
Tear Fund 400 Guildford Diocese: Local Ministry Program 2,720
Bible Society: BtheWord 1,000 Lay Training 1,925
Runnymede Deanery Synod 1,209
Clergy Training 3,960
Choral Scholars 450
Grants to individuals from Hardship Fund 9,805
Other gifts 1,468
Total grants to organisations 29,795 37,266
In addition, collections were taken up or other gifts received for the following charities where the PCC was acting as agent for these
recipients. Accordingly, these amounts did not form part of the income or expenditure of the PCC in these financial statements:
Besom in Runnymede (Christmas) 812 British Legion (Remembrance Sunday) 227
Fixed Assets for use by the PCC Tangible fixed assets
Cost or valuation £
Easter
Centre		 £
£
33 Grange
Road
Audio visual, office
& other equipment		 Total
Fixed Assets
£
At 1 January 2022 £5,936,848 £320,696
£94,738		 6,352,282
Additions 0 0
0		 0
Disposals 0 0
0		 0
At 31 December 2022 £5,936,848 £320,696
£94,738		 £6,352,282
Depreciation
At 1 January 2022 0 0
80,549		 80,549
Charge for the year 0 0
5,233		 5,233
Disposals 0 0
0		 0
At 31 December 2022 £0 £0
£85,782		 £85,782
Net book value at 31 December 2022 £5,936,848 £320,696
£8,956		 £6,266,500
Net book value at 31 December 2021 £5,936,848 £320,696
£14,189		 £6,271,733

6 Fixed Assets for use by the PCC

33 Grange Road was revalued by the Trustees to estimated market value at October 2007, its second such revaluation since inclusion in the accounts. It was bought in 1979 as curate housing at a cost of £31,950 and the Trustees are not aware of any impairment in value since the 2007 valuation.

The Endowment Fund of £83,847 is invested into the Easter Centre for continuing use in mission and ministry of St John's parish, in accordance with the bequest of Edward Budgen in 1954.

Page 22

DocuSign Envelope ID: 95B5A9F7-385C-4716-8C26-C5DB6B5C002D

PCC of St John the Baptist, Egham Notes to the Financial Statements for the year ending 31 December 2022

Note

Following the transfer of land previously owned by the Vicar and Churchwardens to the PCC, on some of which the Easter Centre is built, the PCC now also owns the land on which the Caddey stands and the car park is laid. This was originally received at no cost from Runnymede Borough Council in exchange for some land adjoining the High Street where the war memorial is located.

7 Investment Assets

CBF Investment Fund income shares
CBF Deposit Fund
Total		 Net Book Value
at 1 January 2022
£
70,160
145
£70,305		 Additions/
Unrealised
Net Book Value
disposals
gain/(loss)
at 31 December 2022
£
£
£
0
-8,222
61,938
0
0
145
£0
(£8,222)
£62,083

The CBF Church of England Investment Fund shares produced a total negative return (including dividends paid into the General Fund) for 2022 of minus 9.16% before management expenses which was slightly better than its Composite Charity Investment Benchmark return of minus 10.12% which is used as the PCC's investment performance benchmark. As a participant in the CBF Church of England Funds managed by CCLA (Church, Charity and Local Authority) Investment Management Limited, the PCC adopts the ethical investment policies explicit in these funds. A copy of these policies is available at https://www.ccla.co.uk/resources/client-documentation#the-cbf-church-of-england-funds The CBF Church of England Investment and Deposit Funds are managed by CCLA Investment Management Limited, which is 60% owned by the Investment Fund. An annual management charge of 0.55% is taken from capital.

8
9
10
11		 2022
2021
£
£
Stock
Stocks of Traidcraft goods held at 31 December
£0
£0
Debtors & prepayments
Income tax recoverable
10,182
1,182
Other debtors and prepayments
4,134
4,110
Playbox and Traidcraft debtors
357
0
Total
£14,673
£5,292
Current Liabilities
Bank loans falling due within one year (note 11)
97,038
99,516
Concessionary loans
60,334
75,334
Creditors, Accruals & Deferred Income
51,015
29,777
Total
£208,387
£204,627
Creditors & accruals includes £18,286 (2021 £9,310) received in advance from Surrey County Council for Playbox grants which will
be earned in 2023.
Creditors due after more than one year
This figure represents loans totalling £778,935 from Lloyds Bank plc and £86,667 of interest-free loans from church members to hel
pay for the Easter Centre prior to further gifts and grants being received in the future. The loans from church members have provide
new funding to allow early repayment of external, interest bearing, debt.
Amounts falling due:
in one year or on demand
bank loans
97,038
99,516
concessionary loans
60,334
75,334
in more than one but not more than two years: bank loans
97,660
100,281
concessionary loans
33,333
34,333
in more than two but not more than five years: bank loans
308,456
315,196
concessionary loans
53,333
33,333
in more than five years: bank loans
372,819
506,262
£1,022,973
less:
included in creditors falling due within one year
-157,372
-174,850
Amounts falling due after one year
£865,601
£989,405
£1,164,255

This figure represents loans totalling £778,935 from Lloyds Bank plc and £86,667 of interest-free loans from church members to help pay for the Easter Centre prior to further gifts and grants being received in the future. The loans from church members have provided new funding to allow early repayment of external, interest bearing, debt.

The external loans are from Lloyds Bank and are supported by a letter of comfort from the Guildford Diocesan Board of Finance. Two loans of £750,000 each were initially interest only, but repayments commenced in 2018 and are payable by instalments over the following 13 years with interest on one fixed at 4.26% and the other at a variable interest rate of 2.35% over Lloyds Bank Base Rate.

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DocuSign Envelope ID: 95B5A9F7-385C-4716-8C26-C5DB6B5C002D

PCC of St John the Baptist, Egham Notes to the Financial Statements

for the year ending 31 December 2022

Note

12 Analysis of net assets and movements in Funds

Restricted funds comprise donations for which the use has been specified by the donor. These include funds towards the Campus Dev Mgr, Playbox and Traidcraft. Now the Easter Centre is complete, donations to pay for it are transferred to unrestricted funds as received.

The endowment fund comprises the Edward Budgen bequest to which the PCC has access to the income from, or use of, its invested assets (now in the Easter Centre) for its general purposes. The original value of the Edward Budgen bequest in 1954 is not now known.

12a
Analysis of Net Assets/(Liabilities) by Fund
as at 31 December 2022
Unrestricted
funds
Playbox
Hardship
Other funds
£
£
£
£
Fixed Assets
Easter Centre
5,853,001
0
0
0
Other buildings & Equipment
329,652
0
0
0
Investments
62,083
0
0
0
Current Assets
Stock
0
0
0
0
Cash at Bank, on Deposit and In Hand
182,891
30,589
31,622
15,484
Debtors and Prepayments
14,316
357
0
0
Current Liabilities
Bank and other loans due within 1 year
-157,372
0
0
0
Creditors, Accruals & Deferred Income
-29,405
-21,410
-200
0
Bank & other loans due after 1 year
-865,601
0
0
0
Net Assets/ (Liabilities)
5,389,565
9,536
31,422
15,484
12b
Movement of Funds:
1st January
Income and
Restricted funds:
2022
Transfers
endowments Expenditure
Traidcraft
1,077
-1,198
234
-113
Garden of Remembrance Hodder Legacy
1,000
-677
The Caddey
4,220
1,000
-3,223
Community Kitchen/ Hardship Fund
31,709
12,682
-12,969
Campus Development Manager Fund
4,633
26,500
-26,500
Utility Bill Assistance Fund
0
8,531
Chuter Choir Boys' Prize/ Vicar's Disc. Fund
128
-128
Mission Partners
0
0
13,152
-13,152
Other restricted funds(as above)
£42,767
(£1,198)
£62,099
(£56,762)
Playbox
10,989
122,091
-123,544
Building for the Future / Easter Centre
0
-108,506
143,634
-35,128
Total restricted funds
£53,756
(£109,704)
£327,824
(£215,434)
Unrestricted funds:
General Fund
94,134
1,198
364,496
-356,772
Fabric Repairs Fund
41,670
Music & Worship Fund
30,000
395
-450
Easter Centre
4,793,914
108,506
Other Freehold Property Fund
320,696
£5,280,414
£109,704
£364,891
(£357,222)
Endowment FundEdwardBudgen bequest
83,847
Total Funds
£5,418,017
£0
£692,715
(£572,656)
Restricted funds		 Endowment
Total
fund
£
£
83,847
5,936,848
0
329,652
0
62,083
0
0
0
260,586
0
14,673
0
-157,372
0
-51,015
0
-865,601
83,847
5,529,854
31st December
Gains
2022
0
323
1,997
31,422
4,633
8,531
0
0
£0
£46,906
0
9,536
0
0
£0
£56,442
-8,222
94,834
41,670
29,945
4,902,420
320,696
(£8,222)
£5,389,565
83,847
(£8,222)
£5,529,854

The transfer between funds of £108,508 (2021: 339,363) represents amounts received in donations towards repaying the loans related to building the Easter Centre less interest expense on those loans.

The comparative figures for 2021 are shown in Notes 12c and 12d on the following page.

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DocuSign Envelope ID: 95B5A9F7-385C-4716-8C26-C5DB6B5C002D

PCC of St John the Baptist, Egham Notes to the Financial Statements for the year ending 31 December 2022

Note

12c
Analysis of Net Assets/(Liabilities) by Fund
as at 31 December 2021
Unrestricted
Traidcraft
funds
Playbox
& Kitchen
Other funds
£
£
£
£
Fixed Assets
Easter Centre
5,853,001
0
0
0
Other Buildings & Equipment
334,885
0
0
0
Investments
70,305
0
0
0
Current Assets
Stock
0
0
0
0
Cash at Bank, on Deposit and In Hand
198,557
23,372
32,809
5,761
Debtors and Prepayments
5,292
0
0
0
Current Liabilities
Bank and other loans due within 1 year
-174,850
0
0
0
Creditors, Accruals & Deferred Income
-17,372
-12,383
-22
0
Bank & other loans due after 1 year
-989,405
0
0
0
Net Assets/ (Liabilities)
£5,280,413
£10,989
£32,787
£5,761
12d
Movement of Funds:
1st January
Income and
Restricted funds:
2021
Transfers
endowments Expenditure
Traidcraft
3,832
1,534
-4,289
Garden of Remembrance Hodder Legacy
1,000
The Caddey
0
4,220
Community Kitchen
31,538
11,221
-11,050
Campus Development Manager Fund
10,000
11,300
-16,667
Chuter Choir Boys' Prize/ Vicar's Disc. Fund
128
Mission Partners
0
0
4,048
-4,048
Other restricted funds(as above)
£46,498
£0
£32,323
(£36,054)
Playbox
19,701
108,713
-117,425
Building for the Future / Easter Centre
0
-279,363
320,165
-40,802
(transfer of construction costs paid from gifts received)
Total restricted funds
£66,199
(£279,363)
£461,201
(£194,281)
Unrestricted funds:
General Fund
85,897
-90,000
406,119
-316,702
Fabric Repairs Fund
41,670
Music & Worship Fund
0
30,000
Easter Centre
4,454,551
339,363
Other Freehold Property Fund
320,696
repayments increasing the property equity)
£4,902,814
£279,363
£406,119
(£316,702)
Endowment FundEdwardBudgen bequest
83,847
0
0
0
Total Funds
£5,052,860
£0
£867,320
(£510,983)
Restricted funds		 Endowment
Total
fund
£
£
83,847
5,936,848
0
334,885
0
70,305
0
0
0
264,719
0
5,292
0
-174,850
0
-29,777
0
-989,405
£83,847
£5,418,017
31st December
Gains
2021
1,077
1,000
4,220
31,709
4,633
128
0
£0
£42,767
0
10,989
0
0
£0
£53,756
8,820
94,134
41,670
30,000
4,793,914
320,696
£8,820
£5,280,414
0
83,847
£8,820
£5,418,017

Page 25