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2021-12-31-accounts

Emmanuel Church Northwood, Report of the Trustees for the year ended 31 December 2021

Annual Report of the Trustees of Emmanuel Church Northwood

Registered Charity No. 1132091

Activities of the Parochial Church Council and the Financial Statements for the year ended 31 December 2021

Emmanuel Church Northwood, Report of the Trustees for the year ended 31 December 2021

CONTENTS

CONTENTS
Introductory Background 2
Objectives and activities 2
Regular services 4
Achievements and Performance 4
PCC Report 4
Statistics 7
Attendance at Sunday Services (Emmanuel only)
Attendance at festivals (Emmanuel and Eastbury combined)
Rites performed (Emmanuel only)
Electoral Roll (Emmanuel and Eastbury combined)
Structure, Governance and Management 8
PCC Membership Structure 8

PCC Committees and Teams

Standing Committee

Finance Committee

Personnel Committee

Property Committee

Risk Committee

International Mission Committee
Ministry staff 13
Administrative information 14
Contact details
PCC Membership
Reserves Policy 15
Financial Review of 2021 16
Independent Examiner’s Report 19
Statement of Financial Activities 21
Balance sheet 22
Cash Flow Statement 23
Notes to the Financial Statements 24

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Emmanuel Church Northwood, Report of the Trustees for the year ended 31 December 2021

Introductory Background

Emmanuel Church Northwood is an Anglican evangelical church situated at the top of the High Street and has served the Parish for over 100 years. There is a church plant, Eastbury Church, that serves the northwest part of the Parish.

Rev. Tim Meathrel has been our Vicar since 5 September 2017. Rev. Dave Scott was licensed as our Associate Vicar on 4 September 2018. The Rev Christine Britton joined us as a curate in July 2020. The Parochial Church Council (PCC) was more than happy when told that her curacy has been extended by agreement with the Diocese until June 2024, as it would be disrupting to her family to move before then. The Rev Nina Oskarsdottir joined us in January 2021 as an Associate Vicar with particular responsibility for pioneering evangelism and Eastbury Church.

The PCC of Emmanuel is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure. The PCC has the responsibility of co-operating with the incumbent in promoting the Gospel of our Lord Jesus Christ according to the doctrines and practices of the Church of England and the whole mission of the Church, Pastoral, Evangelistic, Social and Ecumenical. It also has maintenance responsibilities for all relevant Church property.

The PCC is registered with the Charity Commission as a charity under number 1132091.

The PCC has regard, in relation to its activities, to the Charity Commission’s guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion. Emmanuel provides a public benefit through the activities that are undertaken in pursuance of our aims and objectives. There are a large variety and number of different ministries of Emmanuel, amongst children, young people and adults whether they are people within our Church community, in the wider community in the Parish or overseas.

The Global Covid 19 pandemic continued for the whole of 2021 and affected us in Emmanuel. Many of the activities had to continue to be delivered in a different way, or, in some cases, cancelled as a consequence of the restrictions imposed. In the opening month of 2022, many of the restrictions have been relaxed and are to be removed altogether on 1[st] April 2022 Although Covid viruses remain endemic, the risk of serious illness except amongst those who are both unvaccinated and vulnerable) seems to be reduced.

Objectives and Activities

It is worth repeating from last year’s report the summary of our church vision, launched in 2019, at the start of a new chapter in the life and work of Emmanuel.

We are a church of missional disciples seeking to love God and love each other; influencing our community, city, nation and world with the love of Jesus that we might see His Kingdom come.

We believe that God is calling us to be…

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Emmanuel Church Northwood, Report of the Trustees for the year ended 31 December 2021

To do this we believe that God is calling us to grow deeper, grow younger and grow wider.

Growing deeper…

in our relationship with God and in our relationship with each other. Maintaining the priorities of worship, prayer, Bible teaching and openness to the work of the Holy Spirit.

Growing younger…

facing the challenge of declining attendance of under 40s in the UK we are committed to placing a special emphasis on trying to reach children, young people and their families.

Growing wider…

in mission and evangelism. Growing as missional disciples taking the good news of Jesus and his love and kingdom wherever we go throughout the week. Growing in our outreach as a church seeking to love and serve the people who live and work in Northwood.

2021 was again a year overshadowed by the global Covid 19 flu pandemic. However, Emmanuel and Eastbury continued to facilitate worship and give glory to God, to give opportunity for members to encourage and help each other and to bear witness to the resurrection of Jesus Christ.

Thus the following activities take place, in all cases only when we have been allowed to do so and with appropriate safeguards in place for those attending:

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Emmanuel Church Northwood, Report of the Trustees for the year ended 31 December 2021

Regular Services

The way services were organized during 2021 at both Eastbury and Emmanuel churches changed several times, as a result of changing government requirements to combat the spread of the virus. Since August 2021, Eastbury and Emmanuel churches have enjoyed fellowship together at services on the mornings of the first Sunday of each month.

The story of the PCC year is recounted in the PCC Report below.

Achievements and Performance

PCC Report – the Story of the PCC Year 2021

The year 2021 was memorable for being a second year of the Covid pandemic restrictions. All PCC meetings were held via Zoom and were generally very well attended (as opportunities to go out or go away were restricted through much of the early part of the year). The first meeting was on 18[th] January 2021 when Nina was welcomed as an ex officio member, having joined the staff team in early January and there was a discussion as to the latest lockdown proposals. At the start of the year, services were taking place in church, but with strict distancing arrangements. The problem was how best to connect with people – there was an awareness that the relationships possible by being together to worship was being affected by absences and social distancing in church. In February the PCC had ‘business’ matters to scrutinize and attend to, the approval of the 2019 Report and Accounts, the Policy for Social Media Use (an awareness of the way this could be abused and the harm done by this to young people in particular having become apparent), and the Lone Working and Home Visits Policy were agreed. The PCC were invited also to start thinking about ‘life after Covid’ – how would it be different from before – as this would be the major agenda item at the March meeting.

The post Covid era was discussed at the March meeting in detail, with Zoom breakout rooms to consider 3 questions under the ‘Next Steps’ heading. What has God being saying to us during the lockdown? What are the ‘spiritual’ next steps for us to take? What should the church (us) look like going forward? Feedback was collated to inform the thinking of the leadership team as they sought to discern what God has in store for us.

A short meeting took place on 26[th] April after the APCM on 25[th] April for the election of the officers and then there was a meeting on 24[th] May, when we carried out more Next Steps thinking – again in breakout rooms with feedback to the Leadership team. The groups were asked to consider what Missional Discipleship and Hybrid Church would/should/could look like for us. The third ‘Next steps’ discussions took place at the June meeting under the heading ‘Love your neighbour’ and what this would/could/should mean to us as a church family. Again much valuable and interesting material was gathered from the comments made.

The summer intervened then and the next meeting did not take place until 20[th] September. The PCC received the Finance Committee Report on the finances for 2021 and a ‘challenging’ budget for 2022. In particular we agreed the offer for the Diocesan Contribution for 2022. We prayed over the small group work organized by Christine Britton following her report on

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Emmanuel Church Northwood, Report of the Trustees for the year ended 31 December 2021

this. Finally we had a detailed discussion as to the manner of Communion administration given the then Covid restriction relaxations. Then it was reported that James Locke was moving on and advertisement would take place for a new children’s minister.

In October, given the challenges of the proposed budget for 2022 discussed at the previous meeting, members were divided into breakout rooms to consider whether they thought there was a discipleship issue over giving and the budget. Key ideas were fed back. Other reports were considered and in particular an Eco Policy was adopted, which had been introduced to the congregation at the 3 services the previous Sunday.

The last meeting of the year was in November, when members were asked in breakout room to considered the paper produced as a result of the Next Steps discussion. This was done and many practical proposals emerged for priorities in the post pandemic restrictions season.

At the beginning of each meeting we have a Bible verse with comment and prayer. At the November meeting we were invited to focus on John 1 vs 1-5 and in particular verses 4 and 5. “In Him was life and that life was the light of tall mankind. The light shines in the darkness and the darkness has not overcome it.” Tim Meathrel reminded us that the world can seem to be a dark place at times – but Christmas reminds us that Jesus is the light of the world and to pray that each one of us brings light into the darkness. That remains our prayer for 2022.

Statistics

The Diocese requires a ‘Statistics for Mission Return’ annually. For the year 2020 and going forward the Statistics provided are those collected for the Return. The charts will be phased out therefore over the next couple of years. The text for the previous year is included.

Attendance at Sunday services (Emmanuel only in the table below)

----- Start of picture text -----
Communicants Attendance
8.00am 9.15am 11am 6.30pm 8.00am 9.15am 11am 6.30pm
2017 8 157^ 38 79 8 169 38 82
2018 7 147 52 55 7 155 52 58
2019 ^^ 143 50 79 ^^ 143 50 79
2020 and on See below
----- End of picture text -----

The figures for 2017 -2019 and 2021 are taken from the October attendance figures in each such year ^ This is the September figure as the October figure was not available ^^ No figures available

2020 - relating to Emmanuel Church and Eastbury

The ‘Statistics for Mission Return’ requires details of the numbers attending church in October each year. Special forms were provided for this pandemic year. The figures below are taken from the forms submitted.

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Emmanuel Church Northwood, Report of the Trustees for the year ended 31 December 2021

On 4[th] October 2020 103 adults and 20 children/young people attended 3 services in the Emmanuel Church building and 32 adults attended 1 service at Eastbury.

On 11[th] October 2020 115 adults and 23 children/young people attended 3 services in the Church building and 28 adults and 1 child attended 1 service at Eastbury.

On 18[th] October 2020 19 adults and 0 children attended 1 service in the Church building. There was no service at Eastbury.

On 25[th] October 2020 82 adults and 19 children attended 3 services in the Church building and 35 adults attended 1 service at Eastbury.

In addition in October 2020, services were pre-recorded and/or live streamed – called ‘Church at Home’ by the Diocese. The best estimate of the usual number of people participating in these online services for Emmanuel Church each week in October was 232, excluding those who had attended services in person. The figure for Eastbury was 32.

2021 - relating to Emmanuel Church and Eastbury

On 3[rd] October 2021 211 adults and 26 children/young people attended 3 services in the Emmanuel Church building. There was no service at Eastbury Church as on the 1[st] Sunday of the month Eastbury and Emmanuel join together for worship.

On 10[th] October 2021 202 adults and 36 children/young people attended 3 services in the Church building and 27 adults attended 1 service at Eastbury..

On 17[th] October 2021 195 adults and 34 children attended 3 service in the Church building and 22 adults attended 1 service at Eastbury.

On 24[th] October 2021 149 adults and 22 children attended 3 services in the Church building and 24 adults attended 1 service at Eastbury.

In addition in October 2021, certain services were pre-recorded and/or live streamed – called ‘Church at Home’ by the Diocese. The best estimate of the usual number of people participating in these online services for Emmanuel Church each week in October was 1,110, excluding those who had attended services in person. The figure for Eastbury was 30.

Attendance at festivals (Emmanuel and Eastbury)

----- Start of picture text -----
Communicants Attendance
Christmas Christmas Christmas Christmas
Easter Day Easter Day
Eve Day Eve Day
2017 415 102 61 430 368 305
2018 407 97 33 411 250 323
2019 295 108 ^^^ 338 ^^^ 542
2020 and on See below
----- End of picture text -----

Figures include under 16s. ^^^ No figures available

2020

The Statistics for Mission Return reported 595 people attending in person special services held at Emmanuel Church for the congregation and local community from and including Advent Sunday until 23[rd] December. Eastbury Church reported 135 persons attending. A total of 237 people attended at Emmanuel services on Christmas Eve and Christmas Day 2021. Eastbury had no services. Many

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Emmanuel Church Northwood, Report of the Trustees for the year ended 31 December 2021

will have joined the online services during December 2021 of both Emmanuel Church and Eastbury Church.

There are no statistics for Easter services 2020.

2021 The Statistics for Mission Return reported 311 people attending in person special services held at Emmanuel Church for the congregation and local community plus 300 attending special services held for schools during Advent 2021. Eastbury Church reported 64 attending special services. A total of 269 people attended at Emmanuel services on Christmas Eve and Christmas Day 2021. Eastbury had no services on Christmas Eve and Christmas Day. Many will have joined the online services during December 2020 of both Emmanuel Church and Eastbury Church.

There were 131 people attending and receiving Communion at Emmanuel on Easter Day. Eastbury did not have a service.

Rites performed (Emmanuel only)

----- Start of picture text -----
Funeral at Funeral at the
Marriage Baptism Thanksgiving Confirmation
Emmanuel Crematorium
2017 2 16 0 11 12 5
2018 2 8 1 2 9 7
2019 3 10 2 3 2 8
2020 and on See below
----- End of picture text -----

2020

No Baptisms or thanksgivings have taken place at either Emmanuel Church or Eastbury. There was 1 marriage in Emmanuel Church but no services of prayer and dedication after a civil ceremony, at either Emmanuel Church or Eastbury.

There were 2 funeral services in Emmanuel Church and 3 funeral services conducted at a crematorium.

2021

5 Baptisms have taken place at either Emmanuel Church or Eastbury.

There were 2 marriages in Emmanuel Church but no services of prayer and dedication after a civil ceremony, at either Emmanuel Church or Eastbury.

There were 9 funeral services in Emmanuel Church and 9 funeral services conducted at a crematorium.

Electoral Roll (Emmanuel and Eastbury)

The Electoral Roll Officer during 2021 was Mr Jon Whitmarsh.

----- Start of picture text -----
Joiners Leavers Net Gain/(Loss) Total at APCM
2017 31 22 9 465
2018 20 22 (2) 463
2019 * * (101) 350
2020 * * (23)
----- End of picture text -----**

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Emmanuel Church Northwood, Report of the Trustees for the year ended 31 December 2021

2021 and on See below

*A full analysis of the number of new joiners has not been made.

**The 2021 APCM was hybrid (in person and online) and it was not possible to ascertain the number attending.

2021

Analysis of the joiners and leavers has not been done in 2021. The number on the Ecclesiastical Electoral Roll in 2021 was 335 and the number on the Church Electoral Roll was 297.

Structure, Governance and Management

PCC Membership Structure

The full membership of the PCC comprises, ex-officio, the Vicar, the other clergy, the Churchwardens, all Synod representatives and a Reader, plus up to fifteen elected members of Emmanuel, as well as optional co-opted members. Appointment is governed by, and set out in, the Church Representation Rules. All on the electoral roll may stand for election to the PCC, and elected members may serve up to two consecutive three year terms or a total of six years continuously. Retiring members can be re-nominated after one year. Co-opted members serve up to the next APCM but can be co-opted again to the next PCC if required. The PCC is elected at an Annual Parochial Church Meeting (APCM), usually held in April at Emmanuel. In 2021 the APCM was held on April 25[th] and was done by a mix of online and in person attendance. PCC members may not be employees of the PCC unless the Charity Commission gives permission. There were none. The PCC met online 9 times during the year.

PCC Committees

The work of the PCC is divided between Committees whose Chairs are appointed by the PCC at the first meeting after the APCM. The Chairs are normally, but not necessarily, members of the PCC. Members of the Committees do not need to be members of the PCC and a distribution of responsibilities to the wider congregation is encouraged.

Standing Committee

This committee has been delegated the power to transact the business of the PCC between PCC meetings, subject to any directions given by the PCC. It must consist of the Incumbent (or Associate Vicar) and Wardens and at least two members of the PCC. In addition to the Incumbent and Wardens the following PCC members served on the Standing Committee during 2021.

Mr Ben Pearkes Lay Vice Chair Mr Chris Daykin Church Treasurer Mr Tim Warren PCC Secretary The Rev Dave Scott Appointed by the PCC Mrs Deirin Johnson Elected by the PCC (from May 2021) Mr Josh Tate Elected by the PCC Mrs Judith Cox Elected by the PCC (to April 2021)

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Emmanuel Church Northwood, Report of the Trustees for the year ended 31 December 2021

A meeting of the PCC was held on 26[th] April 2021. At this meeting the officers (as set out above) were re-appointed. The Rev Dave Scott was appointed. Following that meeting a vote was held and Mrs Deirin Johnson and Mr Josh Tate were elected to serve on the Standing Committee.

Finance Committee

The Finance Committee oversees the finances of Emmanuel. It monitors income and expenditure, recommends budgets to the PCC, maintains appropriate financial controls and co-ordinates reviews of Christian stewardship and encouragement of efficient planned giving. The Chair during the year was Mr Chris Daykin, who was also the Hon. Church Treasurer.

Personnel Committee

The Personnel Committee acts as an advisory body to the PCC on the appointment and remuneration of non-clerical staff. The Chair during the year was Mrs Mirka Packard.

Property Committee

The Property Committee works to ensure that church buildings, fabric and ornaments remain in good order. The Chair during the year was Mr Neil Altman. A formal report to the APCM is delivered each year.

As well as overseeing the maintenance of the Church buildings the Property Committee oversees the following properties owned by the PCC:

The main works that have been carried out by the Property Committee during the year are:

The proposed works to the Westgate were put on hold at the start of lockdown in March 2020. The next step would be to confirm with our surveyor that fire regulations would be met by the proposed works.

Our QI (Quinquennial Inspection) surveyor has received four completed tenders for the QI works and North Pitch roof works. She is preparing a report for consideration by the PCC.

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Emmanuel Church Northwood, Report of the Trustees for the year ended 31 December 2021

Risk Committee

The Risk Committee is in place to ensure Emmanuel is addressing its risks appropriately. The Chair during the year was Mr Ben Pearkes.

The risks to the church are divided into 8 ‘baskets’: Finance, Safeguarding for Children and Vulnerable Adults, Key Compliance, Health and Safety, IT & Data, Staffing Matters, Strategic Planning and Volunteers.

The committee meets at least two times a year and works through each of the risk baskets at least once every 18 months. The risk basket holder is invited for that specific meeting. At all meetings there is also the opportunity to raise ‘arising risks’ which are reviewed and evaluated.

The current Risk Profile shows that there is one identified High risk (related to safeguarding) and 12 identified Medium risks, including but not limited to, the possibility of a financial deficit for urgent expensive repairs to our buildings, loss of key volunteers and food safety failings. The 27 remaining risks are classified as Low risks.

During the meetings, the Risk Committee challenge the risk basket holder to identify any changes to the current scoring (increasing or decreasing the current risk to the church) and discuss new and current mitigation to confirm the risk is being addressed appropriately. An action list is created which is followed up at subsequent meetings.

International Mission Committee

The IMC’s mission strategy compiled in line with the vision statement to help shape and direct the way forward for ECN’s involvement in global mission:

1. To ensure that the teaching and interaction with mission partners regularly informs, trains and equips the congregation on the significance of the Biblical mandate for global cross-cultural mission to reach the ‘least reached’ peoples of the world;

2. To work closely with mission partners to resource, train and inform our congregation;

3. To continue to encourage mission partners and associate partners through prayer, visits and support on a monthly basis;

4. To encourage many more from the church, in particular the youth and young adults groups, to engage in mission through facilitating more short-term mission trips;

5. To actively seek, coach and mentor those from within our congregation who may be called to full-time mission;

6. To incorporate and encourage individual and corporate prayer for global cross-cultural mission.

Committee members: Chris Williams, Graham Wilburn, Monty Johnson, Margaret Dolling, Clive Backhouse, Jean Nunney, Helen Alsop, Keren Pollock (Chair) We meet bi-monthly.

Review of 2021

2021 continued to be dominated by restrictions imposed by Covid. However, the IMC met regularly on Zoom and we were able to continue to support our Mission Partners remotely:

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Emmanuel Church Northwood, Report of the Trustees for the year ended 31 December 2021

Looking ahead in 2022 and beyond:

Summary of the strategic work of our current mission partners:

Our Mission Partners submit an annual report to the Committee. These full reports are available on request from Keren Pollock. Our MPs are hugely grateful for the support that ECN offers. Below is a summary of their roles and work.

----- Start of picture text -----
Financially Society and role Champion/ Month for
Supported Mission Home Group prayer
Partners (full supporter focus
names omitted for
security reasons)
CPAS CPAS Supporting leaders in Anglican Ross February
churches; outreach to children and young Johnstone
people in the UK. 1,300 attended summer
camps. Aiming to reach 4000 in 2022
Tina AWM/Pioneers Giles March
Tina lives in Madrid serving the Moroccan Denham/Chris
Muslim community through her artistic skills Williams/
and hospitality. Steven Hall
Tim and Sung-Hee Interserve UK Streatham. Working through Monty and April
local churches to reach out to local Deirin Johnson
----- End of picture text -----

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Emmanuel Church Northwood, Report of the Trustees for the year ended 31 December 2021

----- Start of picture text -----
immigrant families. Tim also teaches at the
Oxford Centre for Mission Studies. Both Tim
and Sung-Hee may retire at the end of 2022.
Fiona Montgomery Heights, Zimbabwe. Providing a John and May
home for AIDS orphans. MH has received 3 Jenny Lee
new children this year. 10 of their grown-up
children are in higher education/training and
are able to live independently now.
David and Sharon Wycliffe Bible Translators Roger and June
Based in Gloucester. Sharon teaches Alison
linguistics at Moorlands College; is Saunders/
Communications Assistant for the School of Shona Cooper
Language and Literature and assists with the
Supporter Care Team in the UK Wycliffe
office in Oxford. David has overseen
Wycliffe’s work in Eurasia from North Africa
to Siberia. David retires this year probably at
the end of March. Their translations of New
Testament have now arrived in the
Democratic Republic of the Congo.
Mark and Alex Hebron School India. Boarding school for July
children of missionaries across Asia. Alex
teachers History and helps with the Learning
Support Department; Mark teaches Maths.
Both are dorm parents to girls aged 10-13.
Phil and Kate Wycliffe Bible Translators. Based in Ben and Maria September
Gloucester. Phil serves in the International Pearkes
Translation Services Department for SIL and
teaches at Moorlands College; Kate serves on
the International Executive Leadership team
for SIL which is the largest organisation for
Bible translation and language development.
Steve and Sandie OM office based in Oswestry. Both have new Graham and October
leadership roles in their respective areas: Janice Wilburn
overseeing and leading on all personnel and
training in OM globally. Steve has particular
focus on the Middle East, North Africa and
Asia. Sandie focuses on Europe.
Mehrshad and Sara Run SMRC (Serving a Multiplying and Sarah and Sam December
Resilient Church): supporting the emerging Groves
church in the Middle East through
conferences and online training of church
leaders. SMRC is looking for 3-5 hours pw of
admin support.
----- End of picture text -----

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Emmanuel Church Northwood, Report of the Trustees for the year ended 31 December 2021

----- Start of picture text -----
Associate Mission Society and role Champion Month
Partners – not
financially
supported but may
receive occasional
gifts as required
Tom and Sarah OM in the Middle East Malcolm and November
Tom teaches English in a secondary school. In Christine
2022, Tom will be looking for a new job and Britton
will need some financial support from ECN .
Jeremy Mission Africa- Jeremy runs Bible teaching Barbara January
clubs for children in Burkina Faso. Jeremy has McIntosh/
requested old laptops. Helen Alsop
Andy and Haimi RICE International School in Addis Ababa Graham and August
offering high level secondary education for Janice Wilburn
middle income Ethiopian families. Educating
future leaders. RICE has just started offering
the IGCSE exams accredited by Cambridge.
----- End of picture text -----

ECN also has a prayerful interest in:

----- Start of picture text -----
Sian Jones supporting LAMB Hospital Bangladesh
Graham and Janice Working as trainers for Missionary Training School of OM Ships.
Graham and Janice worked on the Logos Hope in September 2021.
Third Hope (originally a Northern Uganda: rehabilitation of ex-child soldiers
project supported by the
Social Justice Committee)
LST students Very occasionally students may approach the IMC to help with the
costs of mission trips.
ECN’s Ordinands We pray for and offer some financial support to our ordinands.
----- End of picture text -----

Eastbury Church has supported mission overseas through a number of partners financially and in prayer throughout the year.

Ministry Staff

The following members of staff contributed to the life of Emmanuel in 2020. Without their efforts much of our work could not continue, so we take this opportunity to record here our appreciation and our thanks for everything they do, which is vital to the success and smooth running of the church.

Youth Minister Lucy Thampi Children and Families Minister James Locke (until December 2021) Sam Bailey (from January 2022) Operations Manager Jon Whitmarsh Church Administrator Lorraine Hall (until April 2021) Vanessa Bronnert (from May 2021) Administrator Kirsty Shipman (until April 2021)

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Emmanuel Church Northwood, Report of the Trustees for the year ended 31 December 2021

Bookkeeper Lynette Leach Property Supervisor David Deng Worship Leader Matt Bird

Administrative Information

Contact Details

Address:

Email:
Website:
Incumbent:

Wardens:

Bank:

Independent Examiner:

Church Treasurer:		 Emmanuel Church, Church Road, Northwood, Middlesex HA6 1AS
Telephone:
01923 845200
ecnoffice@ecn.org.uk
www.ecn.org.uk
Rev. Tim Meathrel
The Vicarage, 3 Gatehill Road, Northwood, HA6 3QB
Mrs Sarah Groves
Mr Giles Denham
Barclays Bank PLC
Ruislip and Pinner Branch
Munday Long Associates Ltd
66/68 High Street, Northwood, HA6 1BL
Mr Chris Daykin FIA

PCC Membership

PCC members who have served in 2021 are:

Ex-officio: Incumbent: Rev. Tim Meathrel Associate Vicars: Rev. Dave Scott Rev Nina Oskarsdottir Curate: Rev Christine Britton Wardens: Mrs Sarah Groves Mr Giles Denham

Emmanuel was eligible for six Deanery Synod places until 18[th] October 2020 but after that became entitled to seven places, in accordance with a formula laid down by the Diocese. The synod members were ex-officio members of the PCC. In 2021 the synod members were:

Mr John Dolling Re-elected for 3 years in 2020
Mr Stephen Hall Re-elected for 3 years in 2020
Mr Stephen Christodoulou Elected for 3 years in 2020
Mr Josh Tate Elected for 3 years in 2020
Mr Roger Saunders Elected for 3 years in 2020
Mr Ben Pearkes Elected for 2 years at the APCM on 25thApril 2021

One place remains vacant.

The following elected members served as members of the PCC in 2021: Mr Clive Backhouse Elected for 3 years in 2020

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Emmanuel Church Northwood, Report of the Trustees for the year ended 31 December 2021

Mr Malcolm Britton Re-elected for 3 years in 2018 (retired April 25th2021 )
Mr Paul Bronnert Elected for 3 years in 2021
Mrs Lynne Burke Elected for 3 years in 2020
Mrs Judith Cox Re-elected for 3 years in 2019
Miss Nicola Davis Elected for 3 years in 2019
Mr Chris Daykin Co-opted on 26thApril 2021 for 1 year
Mr Geoff Gale Elected for 3 years in 2020
Mrs Faith Glynn Co-opted until April 2021
Mrs Deirin Johnson Elected for 3 years in 2021
Mrs Kathryn Johnson Re-elected for 3 years in 2021
Mrs Carol Melvin Elected for 3 years in 2019
Mr Ben Pearkes Re-elected for 3 years in 2018 (Elected to Deanery Synod in 2021)
Mrs Kay Sadler Elected for 3 years in 2019
Mrs Maureen Smith Elected for 3 years in 2020
Ms Paula Smith Elected for 3 years in 2021
Mr Tim Warren Re-elected for 3 years in 2021
Mrs Sharon Whitmarsh Elected for 3 years in 2017 (retired at APCM 2020)

Following the 2021 APCM Mr Ben Pearkes was re-elected by the PCC as Hon Vice-Chairman (Lay Chair) of the PCC, Mr Chris Daykin (having been co-opted to the PCC) was re-elected to the post of Hon. Treasurer, Mr Tim Warren was re-elected as Hon. PCC Secretary.

Reserves Policy

Total unrestricted reserves as at 31 December 2021 amounted to £2,057,300 (2020: £1,926,700). This included fixed assets (property) with a net book value of £1,835,000 (2020: £1,700,000), leaving free liquid reserves of £222,300 (2020: £226,700). Of these free reserves £96,500 (2020: £99,600) has been designated towards specific areas of the Church’s work. The PCC's policy is to hold only sufficient reserves to enable it to meet outgoings on a day-to-day basis, relying on the faithfulness of God to provide for our financial needs at Emmanuel, as He has done for more than 100 years. It is the aim of the PCC to hold free liquid reserves equivalent to three months of unrestricted outgoings.

FINANCIAL REVIEW OF 2021

The year 2021 saw continued impact of the Covid-19 pandemic, with in-person services and letting-out of the premises only resuming after the summer holidays. Income from standing orders and other donations through the bank largely held up, subject to a small amount of attrition from the loss of a few givers, but there was little income from cash collections. On the other hand, most expenditure continued unabated. The Gift Day held in November 2020, with a view to avoiding reaching the end of that year with a significant deficit, boosted our reserves for the start of 2021 and a legacy of £11.4K provided welcome additional income. We were on target more or less to break even for 2021 but in the end underspends amounting to around £15K on the property budget and the mission partner support budget left us with a final surplus for Emmanuel central of £11K.

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Emmanuel Church Northwood, Report of the Trustees for the year ended 31 December 2021

The overall financial position of Emmanuel, as shown in the accounts, showed a reduction of £4.4K in unrestricted funds before property revaluation, largely accounted for by a small drawdown from the designated funds towards expenditure on the buildings, with the Emmanuel central surplus offset by a deficit of £12.4K for Eastbury, following the appointment of Nina Oskarsdottir as Associate Vicar at the beginning of the year and additional expenditure associated with getting the house ready and with Nina’s relocation. The triennial valuation of the properties which are used for housing clergy resulted in an increase in our revaluation reserve of £85K and the annual valuation of the flat down the High Street resulted in an increase in reserves of £50K.

The unrestricted funds surplus of £11K for Emmanuel central (ignoring £3.2K expenditure from designated funds) compared to a budgeted deficit of £18K and arose from a combination of factors:

Unrestricted funds at the year-end consisted of net current assets of £222K and property assets of £1.835 million, representing the value of the two clergy houses – 4 Church Close and 64 Chester Road – and the flat at 6 Beeches House, which is classified in the accounts as an investment property, and has been valued at £475K (£425K in 2020), as it is currently let out on the open market. The vicarage is owned by the Diocese of London, although we are responsible for interior decoration.

Unrestricted giving (including unrestricted legacies) to Emmanuel central in 2021 fell to £410K (from £434K in 2020 including the Gift Day), including tax recoveries of £67K.

The graph below shows total giving to Emmanuel Central over the last 20 years:

----- Start of picture text -----
GIVING AT EMMANUEL, 2002-2021
600
500
400
Refurbishment
300 Other mission
General Fund
200
100
0
Year
£000s
----- End of picture text -----

The graph below shows the annual surplus (or deficit) each year since 2002 on Emmanuel central (leaving aside revaluations of fixed assets). This averages out at a surplus of £3K a year.

16

Emmanuel Church Northwood, Report of the Trustees for the year ended 31 December 2021

----- Start of picture text -----
ANNUAL SURPLUS ON EMMANUEL CENTRAL (2002-2021)
(excess of income over expenditure)
30.0
20.0
10.0
0.0
2003 2005 2007 2009 2011 2013 2015 2017 2019 2021
-10.0
-20.0
-30.0
-40.0
-50.0
Year
£000's
----- End of picture text -----

Total expenditure of Emmanuel central unrestricted (and excluding designated) funds fell to £434K in 2021 (£465K in 2020). In addition, £36.4K was spent from restricted funds (£36.4K in 2020), of which £30.4K related to mission giving outside of Emmanuel, £2.5K to grants from the Compassion Fund, £3K to reimbursement of clergy expenses out of the Pratt Bequest and £0.4K related to refurbishment costs. The balance of designated funds now stands at £96.5K.

We received a legacy of £62.7K from the estate of the late Herbert Hackett. This has gone into a new restricted fund as the will stipulates that it is “ to be used for sharing the Christian gospel with children and young people with no current links to a church, including those from the Addison Estate and those attending Hillside Schools ”.

Some 28% of Emmanuel Central total expenditure (£132K) went to the diocesan Common Fund[1] and 23% of total expenditure (£109K) was used for support of Emmanuel mission partners and other mission giving outside the budget. The remaining expenditure is split between ministry, premises and administration costs. The pie chart below shows the way in which resources were used in 2021 by Emmanuel Central, including all mission giving.

----- Start of picture text -----
Use of resources in 2021
Other
11% Common
Property Fund (clergy)
management 27%
12%
Common Fund
Salaries (other)…
26%
Mission
giving
23%
----- End of picture text -----

1 Emmanuel’s contribution to Common Fund in 2021 was £132,000, of which around £126,000 was the deemed cost of our own clergy. The remaining £6,000 represented our contribution to the financing of other churches in the diocese. Eastbury contributed £2,000 towards Common Fund in 2021.

17

Emmanuel Clwrch NortN￿, Rewt ofthe Tnee5 the year ended 31 Dwmber 2021 Mission partners and mission societies are supported out of amounts budgeted by the PCC from the general fund. The mission partner budget is allocated by the International Mission Committee. Further infonnation is given in Note 14 to the accounts. In addition to these planned gifts to missions and other charities. church members may make gifts to the Donations Account for other charitable purposes. The Donations Account is maintained with separate bank and deposlt accounts. and all resources given for specific purposes are treated as restrlcted fvnds to be utilised for those purposes and are not avallable for other use. A separate report for 2021 by the Donations Treasurer is avallable. showlng details of the allocation of the budget and of other restricted giving. The PCC have set the budget for 2022 at £493K1£457K In 2021). exdudlng that part of Common Fund financed by the contrlbution from Ea5tbury and the Associate Vicarfs stlpend which 15 paid by Eastbury. Thls could mean an expected deficit of £33K on the basis of the budgeted income. The expenditure includes a budget for essential spendin8 on replacing and upgrading the fire alam system. In addition the cash underspends in 2021 on property malntenance and mlsslon partner 5UPPOrt will be rolled forward and added to the 2022 budget, further increaslng the projected deficlL Wlth 311 Indlvlduals on the electoral roll, meetlng the budget for 2022 loff5et by other non- donation income such as rentals and lettingsl would require about £125 per member per month on 3vera8e. In 2021 there were approximately 142 re8ular contributors to the FWO, many of whom represent couples, from whom we received an average contribution of almost £235 a month {including associated tax recoveries). That level of glving wlll need to increase by over 15% if we are to cover our budgeted costs in 2022. It Is also relevant to note that the distribution of glfts Is very skew and a relativety modest number of 8enerous glvers provlde a lar8e proportlon of the income. The PCC continues to exerclse careful stewardshlp In respect of 8eneral fund expenditure but belleves that bud8ets in future years should be set to reflect the strateglc vlslon for the parlsh and also to enabSe us to malntaln the propertles for whlch we a￿ respon51ble. The Finance Committee continues to encourage the dergy to preach on a 5yStematic basis about the need to submit our personal flnances to the Lord, and to encoura8e church members regularly to review their gSving. Thls will be particularly important in the current year. when the budget looks qu5te challenging. We remain confident that God is faithful and will provide the resources to flnance his work in Northwood and beyond. Approved by the PCC on 21 March 2022 and slgned on thelr behalf by the Rev Tim Meathrel (PCC Chairnian) Signed

Emmanuel Church Northwood, Report of the Trustees for the year ended 31 December 2021 Independent Examiner's Report to the Parochial Church Council IPCCI of Emmanuel Church Northwood I report to the charity trustees ortr my examination of the accounts of the Emmanuel Church Northwood (the Church) for the year ended 31 December 2021. ResponsTbilitie5 and basss of report A5 the charity trustees of the Church you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111'the Act'l. I report in respect of my examination of the church'5 accounts carried out under section 145 of the Act a nd in carrying out my examinatior¢ I have followed all applicable Directions given by the Charity Commission under section 14515llbl of the Act. Independent examinerfs Statement Since you r charity's gross income exceeded £250,000 your examiner must be a merllber of a listed body. I can confirm that l am qualified to undertake the examination because l am a registered member of Association of Chartered Certified Accountants which is one of the listed bodies. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. l. accou nting record5 were not kept in respect of the Chu rch as required by section 130 of the Act,. or 2. the account5 do not accord with those record5,' or 3. the accounts do not comply with the applicable requi rements concerning the form and content of accounts set out in the Charitie5 (Accounts and Reports) Regulations 2008 other than a ny requirement that the accounts give a true and fair view wh ich is not a matter considered as part of an independent examinatior¢. I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached. M D Yousaf FCCA For and on behalf of Munday Long Associates Limited Chartered Certified Accountants Alton House 66168 High Street Northwood Middlesex HA6 IBL Date.. 21 March 2022 19

EMMANUELCHURCHNORTHWOOD

Financial Statements of the Parochial Church Council for the year ended 31 December 2021

Incumbent:

The Revd. Tim Meathrel The Vicarage Gatehill Road Northwood HA6 3QB

Bank:

Barclays Bank plc Ruislip, Pinner and Northwood Branch

Independent Examiner:

Munday Long Associates Ltd, Chartered Certified Accountants Alton House, 66 High Street, Northwood, HA6 1BL

20

EMMANUEL CHURCH NORTHWOOD Statement of Financial Activities for the period from 1 January 2021 to 31 December 2021

Unrestricted Restricted Endowment Total funds Total funds
Notes funds funds funds 2021 2020
£000 £000 £000 £000 £000
Income and endowments from 3
Donations and legacies 453.0 85.3 538.3 505.2
Church activities 8.9 0.1 9.0 5.1
Other trading activities 9.5 9.5 13.6
Investments 16.5 6.3 22.8 36.8
Total income 487.9 91.7 579.6 560.7
Expenditure on
Raising funds
Church activities		 4 4.4
487.9		 36.4 4.4
524.3		 2.7
515.4
Total expenditure 492.3 36.4 528.7 518.1
Net gains/losses on investment assets
Net income/expenditure before transfer		 50.0
45.6		 55.3 50.0
100.9		 0.0
42.6
Transfers
Gross transfers between funds‒in
Gross transfers between funds‒out
Other recognised gains/losses
Gains on revaluation, fixed assets, charity's own use		 85.0 15.4 13.7 114.1 14.9
Net movement in funds
Reconciliation of funds		 130.6 70.7 13.7 215.0 57.5
Total funds brought forward 1926.7 178.6 95.5 2200.8 2143.3
Total funds carried forward 2057.3 249.3 109.2 2415.8 2200.8

21

EMMANUEL CHURCH NORThW( Balance Shogt for th• year ended 31 IYac•mb•r 2021 1360.0 475.0 270.5 2105.$ 1275.0 425.0 ¥estrnonts Flx•d •MIt• 1944A Cath &t bonk and kn h￿d 212.4 ¢vrr•ntu••ty 340.1 272.3 U•b￿¥• c￿d￿0￿.. Amwrts 1 > Pmvl&on frjrlhbll￿ aTrJ ¢ ¢kn l Jw N•t ¢lllf•NtM•iA IM• £urr•nt lbMII•• 310.3 258.4 Tot•1 i•••ts ¢uvv•mt Amounts fal due 8fter I 2415.8 22(￿.8 Ufft6trKi•d. Gorw•E Fw 1035.8 925.0 23A 154.0 9.0 28A 102 R•sbi(ied. Hackstt FuTrJ End(ywm•nt. MWy•ry FuThJ th• ettu 109.2 TJ rf•4 Cholrman 01th8 P T￿￿￿o11b PCC 21 2022

EMMANUEL CHURCH NORTHWOOD Cash Flow Statement for the year ended 31 December 2021

2021
£000
£000
Net cash from operating activities
47.1
Cash flows from investing activities
Dividends, interest and rent from investments
21.8
Proceeds from sale of:
Tangible fixed assets
Tangible fixed investments
3.0
Purchase of:
Tangible fixed assets for the use of the PCC
Fixed asset investments
Net cash provided by / (used in) investing
24.8
activities
Change in cash and cash equivalents in the
71.9
reporting period
Cash and cash equivalents at 1 January
212.4
Cash and cash equivalents at 31 December
284.3
Reconciliation of net income / (expenditure)
before investment gains
Net income/(expenditure) from SOFA
215.0
Adjustments for:
Depreciation
(Gains)/losses on investments
(164.2)
Dividends, interest and rent from investments
(21.8)
Decrease/(Increase) in debtors
4.2
(Decrease)/Increase in creditors
13.9
Net cash provided by/(used in) operating activities
47.1
Analysis of cash and cash equivalents
Cash in hand
31.2
Notice deposits (less than 3 months)
253.1
284.3		 2020
£000
£000
(40.9)
35.7
3.1
38.8
(2.1)
214.5
212.4
57.5
(14.9)
(35.7)
(9.0)
(38.8)
(40.9)
28.8
183.6
212.4

23

EMMANUEL CHURCH NORTHWOOD

Notes to the Financial Statements for the year ended 31 December 2021

1 ACCOUNTING POLICIES

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared under the Church Accounting Regulations 2006 in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011.

The Church constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared under the historical cost convention except for investment assets which are shown at fair value.

Funds

Income and endowments

Expenditure

Fixed assets

24

EMMANUEL CHURCH NORTHWOOD

Notes to the Financial Statements for the year ended 31 December 2021

General

STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted funds by accountability centre
Emmanuel Central Total Total
**Undesignated ** Designated Eastbury 2021 2020
£000 £000 £000 £000 £000
Income and endowments from
Donations and legacies 410.3 42.7 453.0 475.2
Church activities 8.6 0.3 8.9 5.1
Other trading activities 9.5 9.5 13.6
Investments 16.5 16.5 30.7
Total income
Expenditure on
Raising funds
Church activities		 444.9
4.4
429.2		 0.0
3.2		 43.0
55.5		 487.9
4.4
487.9		 524.6
2.7
479.0
Total expenditure 433.6 3.2 55.5 492.3 481.7
Gains/losses on investment assets
Net income/expenditure before transfer		 50.0
61.3		 (3.2) (12.5) 50.0
45.6		 0.0
42.9
Transfers
Gross transfers between funds‒in
Gross transfers between funds‒out
Other recognised gains/losses
Gains on revaluation, fixed assets, charity's own use		 85.0 -
-
85.0		 -
-
Net movement in funds
Reconciliation of funds		 146.3 (3.2) (12.5) 130.6 42.9
Total funds brought forward 1774.2 99.6 52.9 1926.7 1883.8
Total funds carried forward 1920.5 96.4 40.4 2057.3 1926.7

See Note 12 for further details of the financial arrangements between Emmanuel PCC and Emmanuel Eastbury Outreach.

25

EMMANUEL CHURCH NORTHWOOD

Notes to the Financial Statements for the year ended 31 December 2021

3 INCOME AND ENDOWMENTS
Income and endowments from:
Donations and legacies
Planned giving
Collections and other gifts
Income tax recoverable
Legacies
Church activities
Fees
Bookstall
Lettings
Babies and Toddlers
Wednesday Fellowship
Other ministry areas
Other trading activities
Coffee shop
Toy library
Bookstall
Lettings
Investments
Interest (gross)
Other income
Total income		 Unrestricted Designated Restricted funds
Endowment
Total funds
Total funds
funds
funds
Mission
Refurb.^
funds
2021
2020
£000
£000
£000
£000
£000
£000
£000
358.8
17.9
376.7
370.5
14.4
2.6
17.0
51.8
68.4
2.1
70.5
79.4
11.4
62.7
74.1
3.5
453.0
85.3
538.3
505.2
3.7
3.7
0.8
0.0
0.0
2.7
2.7
0.5
0.3
0.3
0.6
0.6
0.6
0.6
1.6
0.1
1.7
2.6
8.9
0.1
9.0
5.1
0.0
5.1
0.0
0.3
0.5
0.5
0.2
9.0
9.0
8.0
9.5
9.5
13.6
16.4
0.1
6.3
22.8
36.8
16.4
0.1
6.3
22.8
36.8
487.8
0.1
91.7
579.6
560.7*

26

EMMANUEL CHURCH NORTHWOOD

Notes to the Financial Statements for the year ended 31 December 2021

4 EXPENDITURE

----- Start of picture text -----
Unrestricted Designated Restricted funds Endowment Total funds Total funds
funds funds Mission Refurb.^ funds 2021 2020
£000 £000 £000 £000 £000 £000 £000
Expenditure on:
Raising funds
Trading cost of goods sold and other costs
Coffee shop 1.7
Toy library
Bookstall 3.5 3.5
Lettings
Investment management costs 0.9 0.9 1.0
4.4 4.4 2.7
Church activities
Missionary and charitable giving 93.1 0.0 32.0 125.1 123.4
Common Fund 132.0 132.0 150.0
Clergy and service costs
Housing 11.1 11.1 21.6
Clergy expenses 7.5 2.5 10.0 5.7
Eastbury 39.1 39.1 1.0
Service maintenance 19.1 19.1 7.5
76.8 2.5 79.3 35.8
Premises costs
Property supervisor 24.0 24.0 18.3
Insurance 8.7 8.7 8.7
Heat, light, etc 18.1 18.1 13.7
Maintenance Church & Hall 14.7 3.2 17.9 28.5
65.5 3.2 68.7 69.2
Activities
Youth and children's work 36.3 0.2 36.5 37.0
Family 0.6 0.6 0.2
Church weekend
Pastoral 2.7 2.7 7.3
Evangelism and outreach 1.3 0.2 1.5 1.5
Social action 0.1 1.0 1.1 0.8
41.0 1.0 0.4 42.4 46.8
Support costs
Administrative and secretarial wages, etc 52.0 52.0 55.5
Printing, postage, stationery & telephone 12.8 0.4 13.2 21.2
Equipment maintenance & depreciation 1.3 1.3 0.8
Miscellaneous 4.3 0.1 4.4 6.8
70.4 0.5 70.9 84.3
Governance costs
Independent examination 2.9 2.9 2.9
Book-keeper 3.0 3.0 3.0
Property valuation
5.9 5.9 5.9
Total expenditure on church activities 484.7 3.2 33.0 3.4 0.0 524.3 515.4
Total expenditure 489.1 3.2 33.0 3.4 0.0 528.7 518.1
Gains/losses on investment assets 50.0 50.0 -
Net income/expenditure before transfer 48.7 (3.1) 58.7 (3.4) - 100.9 42.6
----- End of picture text -----*

Common Fund is payable to the Diocese of London. Of this £126,000 was the estimated amount of Emmanuel's "costs" in 2021, made up of the salaries, housing and indirect costs of our own clergy and our share of diocesan costs. The remaining £6,000 was paid in excess of this, representing Emmanuel's contribution to the financing of other churches in the diocese.

The coffee shop (up to March 2020) and bookstall operate to a significant extent using gratuitous labour of volunteers.

Expenditure on heating, cleaning and other utilities and maintenance which are relevant to these activities and to the letting of the hall and church, is shown under premises costs.

27

Notes to the Financial Statements for the year ended 31 December 2021

EMMANUEL CHURCH NORTHWOOD

5 STATEMENT OF FINANCIAL ACTIVITIES Individual restricted funds

STATEMENT OF FINANCIAL ACTIVITIES
Individual restricted funds
Total Total
Restricted funds Restricted Restricted
Mission Compassion Pratt Hackett Refurb. funds 2021 funds 2020
£000 £000
 £000 £000
 £000 £000
Income and endowments from:
Donations and legacies 21.4 1.2 62.7 85.3 30.0
Church activities 0.1 0.1
Investments 6.3 6.3 6.1
Total income
Expenditure on:
Church activities		 27.7
30.5		 1.3
2.5		 62.7
3.0		 0.0
0.4		 91.7
36.4		 36.1
36.4
Total resources used 30.5 2.5 3.0 0.4 36.4 36.4
Net incoming/outgoing resources before transfer (2.8) (1.2) (3.0)
62.7		 (0.4) 55.3 (0.3)
Transfers
Gross transfers between funds‒in
Gross transfers between funds‒out
Other recognised gains/losses
Gains/losses on investment assets
Gains on revaluation, fixed assets, charity's own use		 17.2 (1.8) 15.4 -
8.8
Net movement in funds
Reconciliation of funds		 14.4 (1.2) (4.8)
62.7		 (0.4) 70.7 8.5
Total funds brought forward 139.6 10.2 28.4
0.0		 0.4 178.6 170.1
Total funds carried forward 154.0 9.0 23.6
62.7		 0.0 249.3 178.6

28

EMMANUEL CHURCH NORTHWOOD

Notes to the Financial Statements for the year ended 31 December 2021

6 FIXED ASSETS

----- Start of picture text -----
Freehold Investment Fixtures,
land & property fittings & TOTAL
buildings equipment
Cost/Valuation £000 £000 £000 £000
Brought forward at 1 January 2021 1275.0 425.0 1700.0
Disposals
Additions
Revaluations 85.0 50.0 135.0
Disposals
Carried forward at 31 December 2021 1360.0 475.0 0.0 1835.0
Depreciation and impairment
Brought forward at 1 January 2021 0.0 0.0 0.0 0.0
Charge for year
Movement in provision for impairment
Disposals
Carried forward at 31 December 2021 0.0 0.0 0.0 0.0
Net value in accounts as at 31 December
2021 1360.0 475.0 0.0 1835.0
2020 1275.0 425.0 0.0 1700.0
----- End of picture text -----

Freehold land & buildings

Properties were valued at open market value with vacant possession by Neil Altman FRICS (in £000s) as at 31 December 2021

4 Church Close
64 Chester Road		 31/12/21
675.0
685.0
1360.0

A terrier of movable church fixtures and furnishings is maintained and may be viewed in the Parish Office. Consecrated land and buildings and moveable church furnishings have been excluded from these financial statements by virtue of section 10(2) of the Charities Act 2011. For 2022 they are insured for a sum of £19.32 million including contents.

Investment property

The flat, 6 Beeches House, is currently rented out on the open market through Robsons as agent and is treated as an investment. Having obtained a written valuation of the fair value of the flat at 31 December 2021 by a chartered surveyor, a value of £475,000 has been placed on the property as at that date by the trustees.

7 Balance Sheet for individual Restricted Funds as at 31 December 2021

Fixed assets
Tangible assets
Investments		 Total
Total
Restricted funds
Restricted
Restricted
Mission
Compassion
Pratt
Hackett
Refurb.
Agency
funds 2021
funds 2020
£000
£000
£000
£000
£000
£000
£000
137.7
23.6
161.3
148.9
Fixed assets
Current assets
Stocks
Debtors
Cash at bank and in hand		 137.7
23.6
161.3
148.9
7.6
7.6
6.2
16.3
9.0
62.7
0.2
88.2
23.7
Current assets
23.9
9.0
0.0
62.7
0.2
95.8
29.9
Liabilities
Creditors: Amounts falling due in one year
7.6
0.2
7.8
0.2
Provision for liabilities and charges due within one year
Net current assets less current liabilitie
Total assets less current liabilities		 16.3
9.0
0.0
62.7
0.0
88.0
29.7
154.0
9.0
23.6
62.7
0.0
249.3
178.6
Total net assets less liabilities 154.0
9.0
23.6
62.7
0.0
249.3
178.6

29

EMMANUEL CHURCH NORTHWOOD

Notes to the Financial Statements for the year ended 31 December 2021

8 DEBTORS

Other debtors
Prepayments and accrued income		 Unrestricted
Designated Restricted funds
Endowment
Total funds
Total funds
funds
funds
Mission
Refurb
funds
2021
2020
£000
£000
£000
£000
£000
£000
£000
6.5
0.1
6.6
6.5
41.1
7.5
48.6
50.5
47.6
7.6
55.2
57.0*
9 INVESTMENTS
Restricted/Endowment Funds
Investments in CCLA CBF Funds
Pratt Bequest
Mission
Missionary Training Fund		 Unrestricted
Designated Restricted funds
Endowment
Total funds
Total funds
funds
funds
Mission
Refurb
funds
2021
2020
£000
£000
£000
£000
£000
£000
£000
23.6
23.6
28.4
137.7
137.7
120.5
109.2
109.2
95.5
137.7
23.6
109.2
270.5
244.4*

Pratt Bequest

The Pratt Bequest Fund is invested in the CBF Church of England Fixed Interest Securities Fund with CCLA. With the approval of the Charity Commission this is now regarded as expendable endowment and is treated as a restricted fund rather than endowment. The capital of 14,910 shares, with market value of £23,610 on 31 December 2021 (£28,391 for 16,738 shares on 31 December 2020), will be gradually reduced. The capital withdrawn (£3,000 in 2021 and 2020) as well as the income (£726 in 2021; £1,004 in 2020) is used towards the reimbursement of personal expenses of the clergy.

Missionary Training Fund

The Missionary Training Fund is invested in the CBF Church of England Investment Fund with CCLA. On 31 December 2021 capital of 4663 shares was held, with market value of £109,199 (£95,532 on 31 December 2020). The capital is retained intact and the income of £2,771 (£2,676 in 2020) is used to provide assistance to individuals engaging in short-term service overseas or in the UK, or to assist those thinking towards mission service to test their vocation and calling. Following advice from the Diocese of London's Trust Department, the 4663 shares representing the Missionary Training Fund endowment were transferred into the name of the London Diocesan Fund on 22 January 2019 and are now held by the LDF on behalf of the PCC of Emmanuel Church Northwood, with the dividend income being remitted to the church.

10 CREDITORS: amounts falling due within one year

Restricted donations and fees
Eastbury sundry creditors
Emmanuel sundry creditors
Emmanuel accruals
Provision for liabilities		 Unrestricted
Designated
Restricted funds
Total funds
Total funds
funds
funds
Mission
Refurb.^
Agency
2021
2020
£000
£000
£000
£000
£000
£000
0.2
0.2
4.1
4.1
4.5
4.8
7.5
12.3
1.8
12.9
0.1
0.2
13.2
8.1
1.5
22.0
7.6
0.0
0.2
29.8
15.9*

^ Pratt Bequest and Refurbishment Restricted

11 CREDITORS: amounts not falling due within one year

Unrestricted Designated Restricted funds Endowment Total funds Total funds
funds funds Mission/VDF Refurb funds 2021 2020
£000 £000 £000
 £000 £000 £000 £000
0.0 0.0

30

EMMANUEL CHURCH NORTHWOOD

Notes to the Financial Statements for the year ended 31 December 2021

12 OUTREACH CONGREGATION - EASTBURY

Income and endowments
Donors
Tax recoveries
Tax on special collections
Investments and deposit accounts
Expenditure
Missionary and other grants
Church work and activities
Common Fund
Management and administration
NET SURPLUS (DEFICIT) FOR YEAR
Funds at start of year
excess of income over outgo
Funds at end of year
Represented by:
Bank account
Amounts due from Emmanuel
Amounts due from Eastbury Church Northwood Trust
Cash
less: amounts owing		 2021
£000
52.7
1.2
53.9
15.7
47.6
2.0
1.2
66.5
(12.6)
53.0
(12.6)
40.4
6.9
45.1
(11.6)
40.4		 2020
£000
48.2
1.2
49.4
18.6
1.3
3.0
2.0
24.9
24.5
28.5
24.5
53.0
11.0
46.5
(4.5)
53.0

Note 12 includes both unrestricted and restricted fund income and expenditure The income and expenditure above both include restricted elements of £10.9K.

Financial accountability:

Eastbury Church Treasurer: Peng Lim Signatories: Any 2 of Roger Cooper, Peng Lim and Faith Wainwright. The Emmanuel Churchwardens, Treasurer and Donations Treasurer are also authorised signatories but the PCC has agreed that at least one signature should always be from among the Eastbury three. Financial control: Eastbury Subgroup of Emmanuel PCC

The PCC Treasurer is accountable to the PCC and to the Synod and Officers of the Diocese of London for the finances of Eastbury The Eastbury Subgroup has delegated authority from the PCC and the PCC Treasurer for the sound and prudent management of the financial affairs of the church. Eastbury Church is effectively autonomous in terms of day-to-day financial decisions and does not have to seek approval from the PCC or the PCC Treasurer to make purchases or commit funds from the resources they control. The financial transactions of Eastbury are consolidated into the annual financial statements of Emmanuel Church PCC and are subject to examination by the Emmanuel Church PCC Independent Examiner. Although Eastbury is expected to be financially self-supporting, their finances are underwritten by Emmanuel Church PCC.

Most donations to Eastbury are made through the Eastbury Church Northwood Trust, a separate charity, and any tax recovered is included in the figure for income from donors.

31

EMMANUEL CHURCH NORTHWOOD

Notes to the Financial Statements for the year ended 31 December 2021

13 COFFEE SHOP and BOOKROOM

COFFEE SHOP and BOOKROOM
Coffee shop Bookroom
2021 2020 2021 2020
Income £000 £000 £000 £000
Takings 5.1 0.5 0.2
Grants
0.0 5.1 0.5 0.2
Expenditure
Operations 1.7 3.6 0.0
0.0 1.7 3.6 0.0
NET SURPLUS (DEFICIT) FOR YEAR
Financial accountability:		 0.0 3.4 (3.0) 0.2
Coffee Shop The Coffee Shop has not been in operation since March 2020
Treasurer: Ken Ladd
Financial control: Coffee Shop Management Committee
Bookroom
Treasurer: Managed by the Operations Manager
Financial control: Jon Whitmarsh

14 DONATIONS ACCOUNT

The Donations Account (Treasurer: Margaret Dolling) is used to channel giving to Emmanuel's mission partners at home and abroad, and to support mission societies and other agencies engaged in service, relief and evangelism. In 2021 the PCC budgeted £92K for the support of Emmanuel mission partners and agencies. Most of this was financed from the General Fund and the rest from accumulated balances in the Mission Restricted Fund. Support for Emmanuel mission partners was provided as follows:

Steve and Sandie Davies (Operation Mobilisation)
David and Sharon Morgan (Wycliffe Bible Translators)
Kate and Phil King (Wycliffe)
London City Mission
Tim and Sung Hee Keene (Interserve)
Mark and Alex Ronalds (Hebron School)
Fiona Bunford (Montgomery Heights)
Church Pastoral Aid Society
Arab World Ministries
Mission Africa support materials
Operation Kindle Ltd
Other mission: Third Hope
Total		 £000
16.0
6.6
12.0
2.0
9.0
9.0
9.0
10.2
10.0
3.0
1.0
0.3
88.1

Gifts to the Donations Account, whether for the above budget or for other purposes, are included in the income under Restricted Fund General in the Statement of Financial Activities and in Note 3(a). Further details of the allocation of monies given through the Donations Account are available in the separate report of the Donations Treasurer to the APCM.

15 REFURBISHMENT

Income
Donations
Tax recoveries
Interest
Expenditure
Refurbishment (miscellaneous)
NET SURPLUS (DEFICIT) FOR YEAR
Funds at start of year
Funds at end of year
Represented by:
Bank accounts and deposits
less: Liabilities
Amount due to General Fund (designated)		 2021
£000
0.0
0.4
(0.4)
0.4
0.0
96.5
96.5
96.5
0.0		 2020
£000
6.0
1.3
7.3
7.3
-
0.4
0.4
100.0
100.0
99.6
0.4

32

EMMANUEL CHURCH NORTHWOOD

Notes to the Financial Statements for the year ended 31 December 2021

----- Start of picture text -----
16 STAFF COSTS 2021 2020
£000 £000
Wages and salaries 117.6 113.9
Social Security costs 3.8 3.8
Pension costs 3.1 2.8
124.5 120.5
----- End of picture text -----

None of the staff employed by the PCC were members of the PCC during the year. There were no employees who received emoluments (excluding employer pension costs) of more than £60,000.

The average number of staff employed (full or part time) during the year was 7 (2020: 6).

The charity operates a defined contribution workplace pension scheme with NOW: Pensions for qualifying employees, which complies with the legislation regarding auto-enrolment. All contributions due were paid over to the scheme during the year

17 TRUSTEE REMUNERATION, RELATED PARTY AND OTHER TRANSACTIONS

The clergy, who receive their remuneration from the Church Commissioners and not from the PCC, received reimbursement of approved expenses from the PCC (or from Eastbury). In the case of the Vicar, Associate Vicar Dave Scott and Curate Christine Britton accommodation was also provided by the PCC at no charge. In the case of Associate Vicar Nina Oskarsdottir accommodation was provided by Eastbury Church Northwood Trust at no charge.

The total amount of expenses reimbursed to the clergy in 2021 was £9,216 (2020: £4,325)

No other PCC members received remuneration or repayment of expenses (other than reimbursement of minor amounts expended on behalf of the PCC or church organisations), with the exception of the following:

1) The wife of a PCC member up to the APCM was the then Administrator. The PCC member concerned did not play any part in the decision-making regarding employment or staff remuneration.

2) The wife of a PCC member is the Administrator (from May 2021). The PCC member concerned does not play any part in the decision-making regarding employment or staff remuneration.

3) The wife of another PCC member up to the APCM was the curate who received reimbursement of expenses. The PCC member concerned did not play any part in the decision-making regarding employment or staff remuneration.

Donations made by trustees during the year amounted to £121K before tax recovery (£122K in 2020).

18 FUNDS

----- Start of picture text -----
|||||||||| |---|---|---|---|---|---|---|---|---| |Unrestricted|Designated|Restricted funds|Endowment|Total funds|Total funds| |funds|funds|Mission|Compassion|Pratt/Refurb.|funds|2021|2020| |/Hackett| |£000s|£000s|£000s|£000s|£000s|£000s|£000s|£000s| |Tangible fixed assets|1360.0|1360.0|1275.0| |Investment fixed assets|475.0|137.7|23.6|109.2|745.5|669.4| |Current assets|147.7|96.5|24.0|71.7|0.2|340.1|272.3| |-| |Amounts falling due in one year|(21.9)|(7.6)|(0.2)|(29.7)|(15.9)| |Amounts falling due after one year|-|0.0|0.0| |Funds at 31 December 2021|1960.8|96.5|154.1|71.7|23.6|109.2|2415.9|2200.8|

----- End of picture text -----

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