Regisleied Char¢ty Number. 1130673
THE PAROCHIAL CHURCH COUNCIL OF THE
ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN
LOUGHTON
TRUSTEES REPORT AND ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2021
BEEVERAND STRUTHERS
CHARTERED ACCOUNTANTS

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN
LOUGHTON
Contents
Pag8
PCC members and advisors
Report of Ihe PCC
Slalemenl of the PCC Responsibilities
Report of Ihe independent examiners
Slalemenl of FinatKial Activities
Balance Sheet
10
Slalemenl ol Cash Flows
Notes lo the Financial Slalements
12

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST IMRY THE VIRGIN
LOUGHTON
PAROCHIAL CHURCH COUNCIL MEMBERS AND ADVISORS
FOR THE YEAR ENDING 31 DECEMBER 2021
Incumbènt and Chair of PCC
Revd Malcolm M8cdonald
Curdte
Revd Stevè Opiè (rèslgned AugL5s120211
Hon Curate
Revd Hugh TaylDr
Churchwardens
Paul Cuny
Syhjla Vmlliams (appointed May 2021. reslgned
as Assistant Churchwarden May 20211
Asslstant Churchwardens
Michael Smilh
Julie Leè18ppoinlèd 2021. resigned as
ChurchwaTden May 2021)
Elected Members
Kale Mallhews (resigned May 20211
Richard Milne- Trèasurer and Vice Chair
David Dronsfield
Samantha Clayfield
Cheiilee Ford
Julie Huff
Brenda MilleT
Paulit)e Manning
Natasha Poraj lappoinled May 20211
Jonathan Brown lappoinlod May 20211
co.opted Members
Amanda Hart - PCC Secretary
Representatlve$ on the Deanery Synod
Debomh LakTr
Carol Hartley
Péter Blake
Angle Blanche (resigned January 20211
Sylvia L8mbd8n lappoinled May 20211
Contsct Address
201 High Road
Loughton
Essex IGIO IBB
Independent Examiners
Beever and Slrulhers
15 Bunhill Row
London
EC1Y 8LP

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN
LOUGHTON
REPORT OF THE PAROCHIAL CHURCH COUNCIL
FOR THE YEAR ENDED 31 DECENIBER 2021
PCC Chairman's Report- 2021
Objectlves
The objectives of the charity are promotirEg the mission of Ihe church in Ihe ecclesiastical parish.
Well done St Mary's famlly
We made it through 20211 Honestly. well done lo the whole church family for persevering through
what was at times a difficult year of ups and downs. I believe we have come Ihrough stronger in
faith, hope and kjve. There is no doubt thal the past two years have changed LJS in a go￿ way. I
believe we are mor8 uriited, more hungry for God and because we know we are also al our
weakest in some ways, we know how much we need God lo move. Vvhen the darkness is darkest.
the light of Jesus shines brighlesll
2021 Reflectlons
This was a year that looked towards renewal and emerging from the pandemic, bul we also
needed perseverance as we fell things were not over yel and there was a sense of fatigue, grief
and loss that was still clear, So il was a year of mixed emotions. Al the beginning of the year, we
were still in lockdown. This gradualty eased leading up lo much more freedom in July. However,
new variants continued lo impact life and navigating changes and restrictions has become part of
people's lives over two years now.
11 has also beer) clear that there has been an impact from Covid. OUT Sunday's attendance has
been 30 % down from 2019. Our regular giving has deGlined. mainly due lo the numbers who have
passed away or Moved away. Our volunteer teams have been down by up to 8 third and our staff
capacity also reduced due to illness.
However, there have also been some real encouragemenls in 2021. We have seen new people
join St Mary's. God has provKled financially in various ways, not least a wonderful response to our
Renew Gift Days. Vve have sensed a new freedom in Sunday service5 in worship and sharing.
New people have stepped in to serve. There 15 a fresh sense of vision and anticipation tor 2022.
Highlights lo give thanks for..
Renew - At the beginning of 2021, we focussed on Isaiah 40.'3, °In the wildemess, prepare
the way for the Lord,. We encouraged people in spiritual renewal and also to connect with
one another and rest. People have fell tired from 2020 and needed fresh hope in 2021.
Kingdom Come- We have also called the church lo prayer again in 2021. We now have a
new prayer meeting every fottnighl on a miol-week evening. Sometimes we have met on
Zoom and mostly in person. This has been better attended than previous prayer gatherings
and very encouraging.
Renew Gift Days
In the summer we asked the church lo give into 7 areas lo help our
recovery. We aimed at £40,000 and receDied approximately £45,000. This was such a sign
of generosity and God's goodness. The seven areas were revit21ising Café Hope, online
mission, investing in ignite, resourcing prayer, remembering our story, improving the
experience of church and also upgrading the buildings. The delivery of these areas was
limited due to unexpectedly reduced slafl capacily, bul we are Committed lo delivering as
soon as possible in every area as promised and have been grateful for the generosity in
giving.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN
LOUGHTON
Helplng people reflect and remember
This has been a year of reflection and
remembering. We held a special service in July on Freedom Day, helping people process
and reflect on the past 18 months of pandemic. We also held a memoiial service for HRH
The Duke of Edinburgh and other memorial services for those who have died during these
limes. Some of these had been delayed due to the pandemic.
Church online
in the first months of the year we relied agaln on onllne church for
Sundays. We are very grateful lo Martin Slanesby and Mall Ayers for their help with this.
We made the decision in the Spring to move lo teaching only content. This is becaLJse of
our capacity in terms of volunteers and equipmenl needed. Plus. we know that there are a
wide variety of worship resources available online and we don't really need lo keep
broadcasting entire seTvices. We now have 215 YouTube subscribers lup 840/. from
February 2020) and have had around 13,000 hits on our YouTube content in 2021.
Revlve Sundays- We continued using Ihis model of church at 9am, 11am and 5ptn from
March until August in 2021. This has beeTr a helpful model of church, which allowed for us
lo meet the Covid requirements and also to bo able to worship together. It was only in July
that we were also ahle lo reintroduce sung worship back into our services, which has been
wonderful. We have also continued to seek to make space for the Holy Spifil 2nd listen lo
one another. We even had a few open-air services, whiGh weie fantastic. In terms of
Sundays, l also want pay tribute lo the amazing worship team we have. This team also
reduced due to the pandemic. They have done so well in rebuilding through 2021.
Food distribution
We have conlinued thi5 year lo have a real ministry through Saved
surplus food, Epping Forest Foodbank and also regular food deliverieg lo Norway House in
Epping, which is accommodation for homeless families.
Café Hope recovery - Café Hope has adapted so well al every stage of the pandemic and
has been vital lo many people in terms of connecting. We have tried to keep il open as
much as possible, but Iwioe have sadly had to close complelely due lo legal restrictions. I
especially want lo pay tribute lo Paola R￿s, Phyllis Prilchard and Peter Blake, who have
kept Café Hope goirtrg during these lime5. 11 is so important as a place of support, love,
prayer and belonging. In July, we said goodbye to Paola in her role as Acting Café
Manager and recruited Brooke Smith as Café Hope Coordinator and Jeff Potter as Café
Hope Missioner. Both are part time and have been an amazing team to take Café Hope
into ils posl-pandemic recovery phase. We really wanled lo slep up OLtr offering lo get back
lo where we had been in terms ol our missional and community impact. Café Hope is now
back lo Ils normal opening hours and also regained a 5-slar rating from the Food
Standards Agency. We are excited lo see what is next in 2022.
New Mission Partners & Global Missions Coordinator - PCC approved Evangelical
Alliance and International Justice Mission as two new mission partners in 2021. They will
th receive financial support from St Mary's. Having said goodbye lo Carolyn Bluck who
moved to Dorset who was a lantaslic advocate for missions in Sl Mary's, we were delighted
to appoint Susan Brown to the role of Global Missions Coordinglor Ivoluntaryl. Susan has a
real heart for mission and also revival.
New website & Churchsuite - We were pleased to launGh a new website this year, which
is easier to use, simpler, less cluttered and focussed mainly on people outside chLJrch,
rather than church members. We also launched Churchsuile, which helps manage our
database and rola management systems in a GDPR compliant way. Thls remains a work in
progress, bul has been helpf ul in our adminislralion.
Pastoral calls - We continued in the early part of 2021 with regular pastoral calls lo those
most affected by lockdown. We sought lo identify people who would most Isolat￿ and
call them. This eased gradually and stopped following the easing of reslriGtions in July.
Thank you lu everyone who has helped with this important ministry Ihroughoul the
pandemic.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN
LOUGHTON
Ignlte children & youth
The pandemic has presented real challenges delivering
children's and youth ministry, bul Michelle Slanesby, the ignite Advocates and ignite team
members have done an amazing job al re-engaging our children and youth in 2021 as we
emerged from lockdown. We reorganised so we could deliver ignite on Sundays again on a
weekly basis. We started by offeririg ignite fortnighlly and building the team back again,
which had reduced. During 2021, we renewed W￿kty ignite ministry using four, rather than
six, groups on Sundays. Also, the mid-week youth ministry was combined from groups
into one group called Fusion. We also ran the Raising Faith Course for parents, and will do
so aggin in 2022.
Releasing new callings
Each year we seem to be sending new people to train for
ordained minlslry. In 2021, Debbie Lake started on placement al St Mary's as an ordinand.
New Wine - We hosted Unlled Breaks Out online this yeai and it was good to find ways to
do this in a way that brought new people lo experience New Vvine.
Life Groups and Connect events 2021 was another challenging year for Life Groups.
Many have mel as best they can either on zoom or in person. It has nol been easy. I wanl
to thank all the Life Group Leaders who have been very faithful in connecting people,
pastoral care and loving people through the past few years. Life Groups are the hearl-beal
of Sl Mary's. We arranged a series of small-scale events in the summer to help peopl&
reconnect, build back friendships and have fun together. These were all small, but very
good.
Quieter Christmas - Due to contlnued anxiety of the new Omicron covld variant, and also
our staff tapacity reductions, our Christmas plans were reduced, but in a way that meant
we could still celebrate and engage in mission. Highlighls included our first ever YouTube
Christmas production that covered the whole of Christmas, 'The Best Christmas,. which
was viewed over 350 times. We also Ghanged the larger Christmas Fayer into a smaller
Chrislmas Café, which was well received. We still held all the events we did in previous
years, bul wrth a smaller feel. Our main services were ticketed online, which was helpful in
terms of expeclalions. But, due to Covid, around 40 /0 of those bookings did not come. We
still fell every service was well attended and the gospel was shared and received.
New mission opportunities
Living Hope has adapted so much during the pandemic.
One such adaption has been the new Cook Project. Working with the Cook shop on the
High Road, Living Hope volunteers have been visiting and delivering over 20 meals a week
to vulnerable people. Other opportunities have included working with ASDA and Epping
Forest Foodbank lo make up over 100 food parcels al Chrislmas for those in need. These
are onty two of a number of such new opportunities that have happened in 2021. Other
Living Hope ministry has been adapled including a Coffee Moming in Café Hope, which
seeks to minister to the elderly. This was adapled from the lunch club which mel pre-
pandemic.
Our amazing staff team
This has been another tough year for our team, who have
adapted many times lo new rules, reslriclions, circumstances and have completed multiple
risk assessments and procedures to keep us as open and compliant a8 possible. Much of
our staff team has been furloughed lo varied extents during this year. A number of the team
have also faced ill health this year. Sometimes this has meant extended time off work and
ministry. As a team we love one another and when one part suffers, we all suffer. I want to
pay tribute to our wonderful staff team, who all do everything they can to serve others. It is
a genuine privilege to lead arHJ serve alongside them.
Staffing & Leadership
The PCC, which has the responsibility, together with the Vicar, to promote the mission of the
Church within the Parish, met eight times during the year. The Standing comM￿ttee mel five times
during the year as the executive of the PCC.
Ignite ministry is also led by a team of dedicated Advocates.. M ichael Smith {se¢ondary ages), Sam
Clayfield {pre-school ages) and Eleni Con5tantinou (primary ages). Many thanks to Catl Lee, who
stepped dDwn as an Advocate this year.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN
LOUGHTON
In terms of staffing it has been yet another year of change and blessing..
Paola Rees left the interim Café Hope Manager role she has held during the height of the
pandemic. Poola showed great patience 8nd grace in her flexibility as she led Café through
various Incarnalions during the pandemic.
Brooke Smith (Café Hope Coordinalorl and Jeff Potter (Café Hope Missioner) were
appointed 8t the same time to lead Café Hope. We have been thrilled by their impact and
new leadership. Peter Blake and Phil Lowrie were both able to help in Café Hope on
casual basis, which was much appreciated.
Paola Rees, later in 2021, was appointed Living Hope Assistant. This role is funded by the
Charles Fren¢h Trust and is for one year, lo help wilh Living Hope ministry.
Steve Opie was appointed Curate-in-charge of St Mary's Leyton in August 2021. This
meanl Steve moving on from Sl Mary's after on5y two years as Curate, most of which h
been during the pandemic. We miss Steve and are very grateful to him for all the amazing
work he did from 2019-2021 as our Curate.
There are also 8 few people to mention who are not technically on the st8ff team, but are really
part of the team as far as l am concerned. They are doing phenO￿e￿al work on a daily basis.
Heather Scholer has stepped down from her leadership of Epping Forest Foodbank. I want
to thank Heather for the huge amount she did over the years as founder and leader of the
Foodbank.
Yvonne Merle and Delphine Kennedy have led Little Lambs nursery through the pandemic
with such patience, care and love. Well done.
Ken Bartells and Diana Dodds play the orgall each Sunday al the 8.'45am, wh￿h is very
much appreciated.
Public Beneftt
The trustees Gonfirm that they have complied with their duty under section 17 of the Charities Acts
2011 in respect of public benefit guidance published by the charity commission.
Policies forthe recruitment, appointment, Indu¢tlon and training of new staff.
The following applies to appointments made by Sl Mary's PCC.
Clergy appointments are made by the diocese and separate arrangements apply to these.
The filling of other posts is decided by the PCC. VacanGies are advertised internally and, if
appropriate, externally as well. A job description is used for each post and selection Is
made using application forms, ref erences ar7d an interview panel,
The appointment decision rests with the panel. Appointments are nortnalty subjecl to a Irial
period and DBS checks are undertaken as appropriate before appointment. Each
employee has a formal 51alement of their principal terms and conditions of employmenl.
Line managers conduct appraisals forall our staff each year.
Induction is tailored lo individual roles and needs. We have a budget for trainlng and fomal
training is provided as necessary.
Financlal Reportfor 2021
Again in 2021, God has been goc#J to us in our church finances. I want to underline my thanks to
the church family for continuing lo give. As l am sure you will appreciate, even when closed, we
have significant monlhly expenses, and your generosity helps us keep going. It costs a lot to rull St
Mary's.
Again, this year, we have had a number of factors that have drained our usual finances..
Some reduction of regular Standing Order income.
Decrease of Gift Aid, due to reduced Standing Orders.
Loss of rental income
Loss of ministry income, including Café Hope and Saved!
Loss of Yellow Envelope income and resulting Gift Ald income.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN
LOLJGHTON
Loss of k)ose plate offering income
Increased c081$ of ulililies, as everyone has experienced.
On the plLES side, we were able to claim furlough for a number of staff as appropriate.
Many thanks to Nicola Leach, who has processed these claims for us. We were also
blessed by the Renew Gift Day and a ￿gacY from the estate of Elna Green.
We are aware that we are always called to be generous and sacrificial in giving. Vve are glad to
report that we have been able to meet our essential spending requirements and be generous. 11 is
important to remember that as a church family we depend on the giving of God's people to sustain
mission and minlslry.
Income received lo St Mary's was more than budgeted mainly due lo the Renew Gift Days and
furlough income. We paid our Parish Share in full and during the year and were able to support st
Michaels parish share with £10,000 which is included in our own parish share lo the Diocese and
allocated to them. We also supported a significant numbei of Mission Partners as well as helping
people in need on a discretionary basis.
Once again, I would like to thank our finance team for 2021. Ollce again, they have all served with
integrity and commitment and most are volullleers. Many thanks lo Richard Milne {Treasurer),
Martin Huff (Finance Administrator) and Nicola Leach {Payroll & Furlough Adminislrator) for their
oulslanding quality of work in fulfilling their role of keeping Sl Mary's finances in good order. Thank
you also lo Zac Cook for overseeing Grft Aid and also a big thank you to Peter Blake and Zac
Cook who oversaw Sunday offerings, while we mel on Sundays.
Regular checks are made (by finance team, PCC and Standing Committ￿) on the spending
against the budget and we are always seeking to lake measures lo reduce wastage.
The total income received in 2021 was £359,488, with expenditure being £401,552. These figures
take inlo account a £65,232 depreciation value, and income generated by ignite of approximately
£567, and a pending Gift AKI recovery of nearly £2,419. Our cash reserves on 31 December 2021
stOQKI at £175,508.
We do encourage every member of St Mary's to give generously. We are grateful for the
generosity of the church family and know we can be confident that God will provide.
Once again, thank you St Mary's for everything in Ihts year we will never forgel. You are amazing.
Praise Ihe Lordl
On behalf of the PCC of St. Mary the Virgin, Loughton
I￿￿aj
Revd Malcolm Macdonald (PCC Chair)

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN
LOUGHTON
STATEMENT OF THE PAROCHIAL CHURCH COUNCIL'S RESPONSIBILITIES
FOR PREPARAllON OF THE FINANCIAL STATEMENTS
The Parochial Church Council is responsible for preparing the Annual Report and the financial
slalernenls in accordance with applicable law and United Kingdom Accounting Standards (United
Kingdom Generally Accepted Accounting Practice).
The law applicable lo charities in England Wales requires the Council lo prapare financial
slalemenls for each fingn¢ial year which give a true and fair view of th e slate of affairs of the church
and of the incoming resources and application of rÈsource$ of the church for that period. In preparing
these linancid stalemenls. the Council is required to..
select suitable accounting policies and then apply them consisténtly..
observe the methods and principles in the Ch￿111￿8 SORP..
mthe judgments 8nd eslim81ès that are reasonable and prudent.,
slate whether applicable accounting s￿dardS have been followed. subject lo any material
departures disclosed and explaned in the financial stalemenls, and
prepare the financial statements on the going con￿rn basis unless it is inappropriate to
presume that the chuTch will continue in operation.
The Council is responsible for keeping sufficient accounting records that disclos8 with reasonab
accuracy al any limo the financial position of the church and Énable them to ensure that the financial
statements comply with the Charities Act 2011 and the Church Accounting Regulations 2006. They are
also responsible for safeguarding the assets of the church and hence for taking reasonable steps for
the prevention and detection of fraud and other irregularities.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN
LOUGHTON
INDEPENDENT EXAMINER'S REPORT TO THE PAROCHIAL CHURCH COiJNCIL OF THE
ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN LOUGHTON
I report lo the charity Iwslee5 on my ex8mln8tion of the accounts of IhL4 chathly for the year ended 31
December 2021 whlch ar¢ $61 out on pages 9 to 23.
Responslbllltles and basi8 of report
As the charaly's Iwsle25 you are responsible for the prepar8llon ol Ihe o¢counts In aacordance with th8
requirements of the Charitles Act 201 fj I'the Act'l.
I report in re5PeCt of my examination of the charity's accounts carried out under sectlon 145 of the Act and In
cairylng out my examination I have followa¢J all the 8pplieable Dlrectlons glven by the Charity Commlssion
undgf section 145lSllbl of Ihe Act.
Indepèndent exarninerf8 stat¢m•nt
Slnce the Charity's gross Income exceeded £250,000 your examlner musl be a metnber ol a body listed in
seollon 145 of the Act. l ¢onfl¥tn that l am qualifled lo uncfertake the examinatlon because l am a member of
the Instltute of Chartered Accounlanls of England and Wales whlch is one of the listed bodies.
I have completed my examinatlon. I confirm that no material malleis have come to my attention In
connection with the examlnallon glvlng me cause lo believe that in any mat&rial respéct..
accounting records wÈre not kept In respect of the charlly as required by 88cllon 130 of ihe Act,. or
the accounls dD not accord wlth those records., or
the accoun15 do compty wllh the applicable r8quir6ments concerning the form and content of
accounts sèt out in Ihe Charities (Accounts and Reports) Regulatlons 2tK)8 other than any iequiiement
that the accounts give a 'true and fair vi* ￿lch is not a malter consldered a8 part of an independent
examlnatltsn.
I havo no ccncems and have come a¢ro8s no other matters In connection with the examinolion to whlch
atlentlon should be dr8TM7 in this report In order to ernab￿ a propw undolstanding of the accounts lo be
reached,
15 Bunhill Row
London
EC1Y8LP
Adam Thom FCA
Beever and Struthers
Chartered Accountants
Dale..

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN
LOUGHTON
STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNTI
FOR THE YEAR ENDED 31 DECEMBER 2021
2021
2020
Unre3iriGlfd
REBldrlod
R￿1￿(led
funds
Hope Centre
Hop
¢fiu[ch HaH
Totsl
Total
Note
Income and
endowments from:
Don81ions and
legacies
Charitable activilies
Investments
Other
300,654
300.654
267,333
18,552
18.552
13,736
468
52,n9
40,218
40,218
Totsl income and
endowments
359,488
359,488
334,276
Expendlture on.
Raising funds
Charitable aclivities
Govemance
27.789
306,462
5.560
27,769
368,223
5.560
27,826
356,451
5,640
25,398
1,495
34,868
Total expendithre
339.791
25,398
1.495
34,868
401.552
389,917
Net movement in
funds
19,697
P5.3981 {1,4951 134,8681
42.0641
155,6411
ReeonclIla￿0n of
fvnd$'.
Total funds brought
fotward
217,285
965.496
8,000 1,283,581
2,474,362
2,530,003
Total funds carried
fO￿ard
236,982
940,098
6,505 1,248.713
2.432,298
2.474,362
All Income expendllure derive from collllnuing acllvilles.
The slalement of financial activities includes all gains and losses recognised during the year.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN
LOUGHTON
BALANCE SHEET
AS AT 31 DECEMBER 2021
2021
2020
Notp
Flxed assets
Tangible assets
f3
2,258,519
2,323,751
2,258.519
2.323,751
Current assets
Debtors
Cash al bank and in hand
14
7,304
175,508
17,945
147.961
182.812
165,906
Cr8dltors: amounts falllng duè within one year
15
19,033
115,2951
Net currenl assets I Iliabllltiesl
173,779
150,611
Total assets less current liabilitig
2,432.298
2,474,362
Net assets I Illabllltteg}
2,432,298
2.474,3e2
Charity Funds
Restricted funds
Unreslricled funds
16
16
2.195,316
236,982
2,257,077
217,285
Total charlty fund$ I Ideflcltl
16
2,432.298
2.474,362
The financid slalements were approved and suihorlsed for issue by the Trustees on
Signed on behalf of the board of Iwslees..
Namé.. Malcolm Macdonald
Name.. Richard Milne
Role.. PCC Chair
Role.. PCC Treasurer
Dale..
1513
Dale..
16
The notes on pages 12 10 23 form part of Ihese fi¥>ancial slalemenls.
qD

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PJIARY THE VIRGIN
LOUGHTON
STATEMENT OF CASHFLOWS
FOR THE YEAR ENDED 31 DECEMBER 2021
2021
2020
Note
Cash flow from operaung actlvlties
Inte￿st P8id
18
27.483
11,435
Net cash ftow from Dperating activities
27,483
11,435
Cash flow from invèstlng 4ettv1￿Ès
Payments lo acquire tangible fixed a8sels
Interest received
P,2111
468
64
Net cash flow from Investlng actlvltles
11.743)
Cash flow from financing activities
Nel cash flow from financing activltles
Net inrroa¥g I Idpcrea3el in cash and cash equivalents
27,547
9,692
Cash and cash equlvalents at 1 January 2021
147,961
138,269
Ca$h and ¢ash equivalents at 31 December 2021
17S,508
147,961
Cash and cash equlvalents conslsts of:
Cash al bank and in hand
Short lerffl deposits
175,608
147,961
Cash and cash èquÈvalents at 31 December 2021
175,508
147.%1

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF STMARY THE
VIRGIN LOUGHTON
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
PRINCIPAL ACCOUNTING POLICIES
Basis of accountlng
The flnancial statements have been prepared under the historical cost convention on an
accruals basis. The financial statements have been prepared in 8ecordance with the Charitie5
Act 2011, Church Aocounling Regulations 2(￿8 together with the Financlal Rèport1￿ Standard
FRS 102 and the Charity Comtnission Slalemenl of Recommended Practice.- Charities SORP
IFRS 102). The addTess of the regislered office is given in the charity information on page l of
these financial slaleinents.
Ihe charity conslilules a public benefit entity as defined by FRS 102. The financlal statement
have been prepared in accordance wilh Accounling and Reporting by Chailles.. Statement of
Recc>mmended Praclicg applicablo lo ¢h8ri11gs preparing their accounts in accordance with ihe
FiTBnGial Rgporting Standard applicable in the UK and Republic ol Ireland IFRS 11Y21 issued on
5 October 2018 the Financial Reporting Standard applicab16 in the Unitèd Kingdom and
Republic of Ireland (FRS 1021, the Ch8rille8 Act 2011. and UK Generally Accepted Accounting
Practicè.
In¢omlng resources
Giving atryj other voluntary income, rent. room hire and advertising income is rocognis8d whèn
13 recelv3ble. Gift aid refunds weto also shown on an accruals basis.
Funds iaised through fetes and similar events are accounted for gross wlh assoclaled
expenses shown on tha 8¢eounls.
Legacie5
For legaoles. enlillemenl is the earfier of the charity being notified of an impending distribution
OT the legacy being received. Al this point income is recognised. Qn occasion legaciès will be
nolified to the charity however il is not possiblo lo measuTe the amount expected lo be
distributed. On thÈsè occasions, Ih&18gacy Is Irealed as a contingent assel and disclosed.
Grants recelvable
Reven￿ grants are credited lo the incorne and expenditure account over the period to which
they relate.
Outgoing resources lexpenditurel
Expenditu￿ is recognlsed when 11 is due laccruals basis) not when it is paid. Amounts are
81aled inclusive of VATa8 the church is unable lo recover Ihis.
Tanglble a88pts
al Consecrated and beneficed property is ￿eludad from th8 ac¢ounls utKler Section 1Q of the
Chartliès Act 2011.
bl No value needs lo be placed on moveablfj church fumlshlngs held by the VScar and
churchwardens on special Itusl for the PCC which iequires a dioce8an faculty fordisposal.
cl The Parish Centre building is held by the PCC a5 Iw81ee8 for tho Dioc889 of Chelmsford
and the property is Ihèrelorè not included as an asset of the PCC. Expenditure on repairs.
renewals, maintenance and improvements lor each building has been Irealed as ievenue
expenditure as Incurred.
12

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE
VIRGIN LOUGHTON
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
PRINCIPAL ACCOUNTING POLICIES (continued)
d) The new chutch hall ha5 been conslrucled and has beèn eapilallsed as expendit￿e was
Incurred. The building ￿11 bedepreoiated at per annum.
el Olher equipmènt and assets used by the church has hlslorically been charged lo revenue
oxpènditurè 8s Incurred ralher Ihan depreclaled over ils useful life. From l Jalluary 2006
expenditure above £5,000 on equipment and other assets will be capilalised and
depreciated over its esllmated useful life of five years.
Hope Centre
The Hop8 CÈntre has been constructed ard has been capilallsod as expenditure was incurred.
Thè Hope Centre will be depreciated at 2% per annutn and the equipment for the Hope Centre
will be depreciated at 200A per annum.
Debtor
Amounts reeesvable lor paid ir? advance) al the end of the period are included in the accounts
under debtors. These include invoic¥d 5ewi¢e and prepaid expenditure.
Llahilities
Amounts payable al the end of the period are included in the aecounls undor amounts payable
wilhill Dr aller one year as approprialè. This includes smounls due lo suppliers and accrued
expenditure (d￿ bul not invoiced).
Restrlctéd and designated funds
Futxjs received for speciflc purposes are funds reslricled for use for that purpose, Ihe
Parochial Church Council may designate part of the aeeumu131ed 8urplus for certan purposes.
In either case those funds are shown s8par#lely in the accounts.
Pxrochlal Church Council remunerauon
During the year the church èmployed one full-time operations rnanager wtm) was a member of
the PCC. Fknw8ver rg.muneralion was not received in respeGI of their capacity as PCC member
or Repre5eri131ive, these costs are shown under staff costs in note 10. Otherwlse no PCC
members received any remuneration duiing the year.
Staff costs
The church èmployed a Cleaner, a ca￿take[, an Adminislralor and Worship Director, an
Operations Manager. a Cslé Hope CD-or(linalor. a Café Fbpe Missioner, a Living Hopè Co-
Ofdinalor, a Livbng Hope Assislanl and an Adminislralorfor Ignlto Children's Ministry. The cosls
are shown in the accounts in note 11.
Clergy are p3id by the Dioce8e and are not employeas of thè P2rochlal Church Council.
Expenses incurred by the clergy on behalf of the church are reimbursed and shown in note 10
lo the accounts.
13

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE
VIRGIN LOUGHTON
NOTES TO THE FINAhlCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
PRINCIPAL ACCOUNTING POLICIES (conlinued)
Golng concem
The financial slalemenls have been prepared on a going concetn basis as the trustees believe
that no material unceriainlies exist. The Iruslees have considered the level ol funds held and the
expecled level ol income and experxlilure for 12 months from aulhonsing these financial
slalemenls. The budgeted income and expendltura Is suffitt18nl wllh thè lèval of rÉseN6s for the
charily lo be able lo continue as a going ¢oncem.
Judgements and key sources ofe8tirnatioD uncertainty
The following judgements (apart from those involving eslimalesl have been made in the
PToce88 Of applying the above secounting policies that have had the most significant ef lecl o n
amounts recognised In the flnaneial slalsmènts..
Incorne is recognisèd when it is probable that it will be received at the best eslimaie available,
e.g. Gllt Ald recoverable ba88d on donatlons recfjlved.
The key assumptions conoemlng the lulure and other key sources of estimation uncertainty at
the reporting dale that havo a signiflcanl risk of oauslng a maleilal adjustment lo the carrying
8mounls of assets and liabilities wilhin the next financial year include..
Tangible fixed assets. Tangible flxed assets are deprec181ed ov&r IheSi useful lives taking
Into account residual values. where appropriate. The actual lives of the assets and iesidual
values are assessed annually 8nd may vary dEPEftding on a number of factors. In re-
assessing ass81 lives, factors 5u¢h as lechnDlogical innovation, producl life cycles and
mainlenanee programmes are taken inlo account. Residual value assessments consider
Issues such as future market oc>nditions, the remaining life of the assel and PTojecled
disposal valu8S.
Flnanci41 instruments
Financial instruments such as accounts payables. accounts receivables and cash are cla8slfl8d
ellher as basic or complex. All financial instruments are initially measured al their fair valup.s al
the lime Ihe transactions occur. Subsequenlly 811 basic inslrnmenls are measured al amortised
cost and 311 complex financial Inst￿MentS are measU￿d al a fair value Ihrtsugh tha
comprehensive income.
Financial inslrumenls held by the charity are classified as follows..
Financial assets SUGh as cash and receivables a￿ classified ag receivables and held al
amortised cost using the effective interest mglhnd,
Finanoial Ilabllilies stjch as payables are held 8t amortised cost using the effective interest
method.
14

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST NIARY THE
VIRGIN LOUGHTON
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Incomè frnm donations and legacies
2021
2020
Glfls {Glfl Aid)
Direct giving
Gift aid recov6ry
157.606
46.236
177,541
39,701
Gifts (Non Gilt Aid)
Diie¢l glving
Legacies
88,76S
8,047
300,654
50.091
267,333
Income from charitable aetlvltlès
2021
2D20
Rent and lellings
Away weekend
Other 8Ctivilie$
Other functions
12,652
150
210
4,973
567
8,559
4,281
18,552
13,736
Income from investments
2021
2020
Bank Interest and dividends
64
64
468
Other income
2021
2020
Church fees receiv8d
Coffeo shop
Furfough grant incoFne
Other
Living Hope gr8nl Sncome {reslricledl
Hope Centre counselling f¢Jnd
Grant received
2,746
16,220
ZO,502
t,352
14.856
27,981
8,OOQI
20
750
40,218
52,739
15

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE
VIRGIN LOUGHTON
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Analysis of resources expèndèd
Staff Costs Other Direot
Costs
Other
Allocated
Cosls
Total
20Z1
Tolal
2020
Cost of
en
Coffee shop
Gosl ol functions
14,525
13,244
27.769
27.308
518
27.826
14,525
13,244
27,769
Charitable activities
Missionary & charitable work
Parish running cost
Church support ¢osl
Youth work
16,024
101,(K9
79.717
2,014
198.824
16,024
163,864
177,090
13.000
165,453
168.393
9,605
35e,451
62,7g5
653
98,720
9,231
105,961
63,448
368.223
Total charitable activity
before govemance costs
120,476
212,068
63,448
395,992
384,277
Governance costs
2021
2020
TrLJslee remuneralicin
Trustee expenses
Independent examiners remuneration (including expenses and
beneflls In klndl
10
2,800
2.760
2,640
5,560
5,84
Tmslees do not recelve a remuneration as Twslees. Thtry are relmbursod for incidelllal expens05.
Nèt Income I l&xpendlturèl for the year endlng 31 December 2021
Net income I lexpendilure} is staled after charging l (crediting)..
2021
2020
Depreciallon of langlblo flxed 8ss¢Is
65,232
65.233
IndeyndÈnt examlnèrs remunèration
Ihe independent examiners remuneration amounts to an independent examination fee of £2,300
{2020 - £2,200) eXGluding VAT.
16

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE
VIRGIN LOUGHTON
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
10 Trustees. and key management personnel remuneration and •xpÈnses Icontinued
Th& ¥simbtJrs6mènl of th8 expenses of Irusl8es Malcolm Macdonald and Steve Ople was as follows..
2021
2020
Number ol Trustees
2021
2020
Sub8islenc8
2,800
2,800
3,0(H)
3,OCM)
Staff costs and eEnployee benefits
The average monthly number of èmpltsy88s and full Iitn8 equivalent IFTEI during the year
ending 31 Decèmbèr 2021 was ag follows..
2021
Number
2021
FTE
2020
NumbBr
2020
FTE
Raising funds
Charilable activities
The lolal Staff costs and employees benefit's was as follo￿..
2021
2r)20
Wages and salaries
SoGial security
P6nsitsn
110,671
6,718
3,087
113.303
6,137
2,844
120,476
122,284
17

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE
VIRGIN LOUGHTON
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
12 Staff costs and employee benefits
No employees received total employee benefits of more than £eo,ocM).
13 Tangible fixed assets
Furniture
and
Equipment
Churoh
Organ
Hope
Cenlre
Hope
Cenlfe
Equipment
Church Hall
Total
Cost
At 1 January 2021
Additions
Al 31 December 2021
1,743.381
87,478
22,115
1,062.936
20.694
2.936,604
1,743,381
87,476
22,115
1.062.936
20.694
2,936,604
Depreciation..
Al l January 2021
Charge forthe year
Al 31 December 2021
451,437
34,868
486,305
76,559
3,492
BO,051
8,845
1,474
10,319
63.595
21,259
8£854
12,417
4,139
16,556
612,853
65.232
678,085
Net book value..
Al 31 December 2021
1,257.076
7,427
11.796
978,082
4,138
2,258,519
Al 31 D8cèmber 2ry20
1,291,944
10.919
13,270
999,341
8.277
2,323,751
14 Debtor$
2021
202Ck
Gift aid reooverabEe - Sl Maty'8
Prepayments
2.419
4,886
16,643
1,302
7,304
17,945
15 Credltors: amounts fralling due within one year
2021
2020
Olher creditors
9.033
15,295
9,033
15,295
18

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE
VIRGIN LOUGHTON
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
16 Fund reeoncillatlon
Unrestricted funds
Balance al
31
December
2020
Balance al
31
December
2021
I￿orne
Expènditurè
Transfer
Unrestricted
217,285
359,488
{339.7911
236,S82
Totsl
217,285
359,488
1339,7911
236,982
Restricted funds
B8lantt8 at
31
Decembèr
2020
Bal8nc& al 31
December
2021
Ir￿oMe
Expenditure
Transfer
Hope Centre
965,49S
(25.3981,
940,098
virva Hope
8,OOL)
11,4951
6,505
Church Bijilding
1.283,581
4,868)"
1,248,713
Total Restricted
Funds
2,257.077
161,7611
2,195,316
"DBpreoiation on the Hope Centre
Depreciation on the church hall
Fund description8
al Unrestricted lunds
Funds lo be used In the ordinary course ol the busirEss ol the chatity
b) Reslricled lunds
Funds received for specific purposes 8re funds rè$lrieled for use for that purpose. The church
building fund represents the value of the building and ils fixtures and liltings. The Hope Centre
reslricled fund was established lo represent Ihe income and expenditur& rèlating lo works lo the
Hope Centre which have now been completed, Hope Centre depreciation is charged through
this fund. The Living Hope fund repres@n18 grant received for the specific purpose of meeting
the ￿¥1$ ol the Livlng Hope Project. The Parochial Church Councll may deslgnale part of the
accumulaled surplus lor certain purposès.
19

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE
VIRGIN LOUGHTON
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
17 Analysls of nèt assets b•i￿an funds
Unroslricled
funds
Re51rycled
funds
Totsl
Fixed assets
Cash and eurrent Investments
Other cu¥renl assels I liabililles
19,223
175,508
42,251
2.239,296
2,258,519
175,508
11,7291
(43.9801
Total
236,982
2,195.316
2,432.298
18 Reconclllatlon of net Income I lexpendItu￿} to nèt cash flow from op•raVng a¢llvltlg$
2021
2020
Nel income I lexpendilurel for year I period
142,0641
155.6411
Intere81 recelv8ble
Deprecialion and irnpairrnenl of tangible fixed assets
Ilncrea58) I decrease In deblots
Increase I Idecreasel in creditors
14681
65,233
613
1,698
65,232
10.641
16,2621
Nél Lash flow Irtsm opèrating acliv11I8S
27,483
11,435
19 Related paty transactions
Related parties lo be disclosed under Charity SORP 2019 are the relationships between.. the
Chairman Malcolm Macdonald and Living Hope Coordinator Caroline Jan& Macdonald, the WorshSp
Direclorand Admlnlslralor Martin Huff and PGC Member Julie Huff.
20

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE
VIRGIN LOUGHTON
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
19 R•latsd party transacttons Icontlnuedl
Information about r618t8d party transactions and oulslan¢Jing balances is o￿lI1n8d below..
Outstanding
balances
Incorne
Expenditure
Commitments
Michael Smith a Iruslee is a direclorof
Epping Paving & Buildinu Supplies Ltd
At end date 2021
Al end dale 2020
534
937
Sharon Milne, spouse of Treasurer and
Vice Chair Richard Milne, provided
CDunselling Services
Al end dale 2021
At énd dale 2020
480
1S5
Tho following employees srè algo Iwslees or Represenlallves on the Deanery Synod. The Ituslees
are satisfied that all salarie8 are either al or below market rale forsimilar rolès in the area.
Name
Posltlon
Gross pay
Employer
Pension
Amanda Hart
Operations Manager and PCC
Secretary
27,673
643
Total
27.673
643
The followlng employees are related parties via family connections lo either the Irusleès or key
management personnel. The trustees are sallsfied that all salaries are either al or below market rale
for similar roles in thé area.
Name
Rela￿On¥h[P
Gross pxy
Employèr
Pensltsn
Caroline Jane Macdonald Spouse
Macdonald
Spouse of PCC Member Juliè Huff
of
Chaiman
Malcolm
11,148
147
Martin Huff
23,114
Total
34,262
147
21

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE
VIRGIN LOUGHTON
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
20
Capital and Major Repalrs Commltménts
2021
2020
ConlTacled bul not Involced
Authorised bul not conlrAcled for
21
Flnanclal Instruments
The Charity's financial instruments may be analysed 8s follows..
Flnanclal Assets
2021
2020
Flnanclal Assets Measured at Cost
Cash and Cash Equivalonls
175,508
147,961
Financial As#ets Measured at Amortised Cost
Other Debtors
17,945
Totsl Flnanclal Assets
182 812
165,9(
Fln8nelal Llabilities
Flnancial Liabilities Measured at Amortl$ed Cost
Trade c￿lI￿rg
Other Creditors
9,033
15,295
Tot81 Flnancial Liabilities
22

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF STMARY THE
VIRGIN LOUGHYON
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
22. 2020 statement of Flnanclal Activities
Unr8strfcled
R¢8tilctÉd Hopj
Cenlre
ReSt￿Cle￿ Lfvlnu
R￿$l￿Cl
Cburch
Total
In¢oTne and endowments
from..
Donations and leg8cI6s
Chaiilablg aalivllles
Investments
Other
267,333
13,736
468
44.739
267.333
13.736
468
52.739
8,000
Total Income and
endowments
32e,276
8,0
334.276
Expendlture on:
Raising funds
Charitable activities
Governance
27,826
296.184
5,640
27.826
356.4SI
5,640
25.398
34,869
Total expenditure
329,650
25,398
34,869
389,917
Not movement in fvnd8
13,3741
P5,3981
8,000
134.8691
155,641
Reconciliation of fvnds:
Total funds brought fopNaid
220,659
990,894
1.318,45D
2,530,003
Totsl funds carried fornard
217,285
965,496
8,000
1,283,581
2.474,362
23