OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

← The Parochial Church Council Of The Ecclesiastical Parish Of Emmanuel Northwood

2023-12-31-accounts

Contents
Introductory
Background
Aims and purposes
Objectives and Activities
Achievements
and Performance
PCC Report
Church and Building Project
Mission and Evangelism
Pastoral Work
Deanery & Diocesan Synod
Volunteers
Statistics
Sunday Services
Christmas
& Easter Services
Rites Performed
Electoral
Roll
Structure,
Governance
and Management
PCC Membership
Deanery Synod
Diocesan Synod
PCC Committee
Structure
Standing
Committee
Finance Committee
Personal / HR Committee
Property
Committee
Risk Committee
International Mission Mission Committee 17
Eco Committee 19
Safeguarding Team 19
Community Outreach sub-group 19
Administrative
Information
Contact Details 20
Ministry Staff 20
Harrow Deanery Synod Annual Report for 2023 21
Financial Information 23
Reserves
Policy		 23
Financial
Review		 23
Independent
Examiner's		 Report 27
Statement
of Financial Activities		 29
Balance Sheet 30
Cash Flow statement 31
Notes to the Financial Statements 32

Mr Clive Backhouse Elected for 3years in 2020 (retired May 2023)
Mrs Catherine
Brewer		 Elected for 3years in 2022
Mr Paul Bronnert Elected for 3years in 2021
Mrs Lynne
Burke		 Re-elected for 3years in 2023
Dr Michael
Davey		 Elected for 3years
in 2022
Miss Nicola Davis Re-elected for 3years in 2022
Mr Chris Daykin Co-opted by PCC on 15'" May 2023 for 1year
Mr Geoff Gale Re-elected for 3years in 2023
Mrs Deirin Johnson Re-elected for 3years in 2021
Mrs Kathryn Johnson Re-elected for 3years in 2021
Mr Emmanuel
Nnatuanya		 Elected for 3years in 2022
Mr Colin Sheppard Elected for 3years
in 2022
Mrs Maureen
Smith		 Re-elected for 3years in 2023
Mrs Paula Smith Elected for 3years
in 2021
Mr Tim Warren Co-opted
by PCC on 15"May 2023for 1 year (retired
Oct 2023)
Mr Paul Cluett Elected for 3years
in 2023
Mrs Bonnie Chan Elected for 3years in 2023

LayVice Chair Mr Ben Pearkes
Church Treasurer Mr Chris Daykin
PCC Secretary MrTim Warren (Retired May 2023)
MrJosh Tate (May 2023 —Present)
Associate Vicar The Rev Dave Scott
Lay PCC Members (x2) Mrs Deirin Johnson
Mr Josh Tate (Retired May 2023)
Mrs Lynne
Burke (May 2023 —Present)

==> picture [381 x 176] intentionally omitted <==

==> picture [402 x 176] intentionally omitted <==

==> picture [234 x 128] intentionally omitted <==

for the period from 1 J anuary 2 023to 31 Decem ber 2023
unrestricted Restricted Endowment Total funds Total funds
~Ne funds funds funds 2023 2022
OOOO EOOO EOOO EOOO EOOO
income and endowments from 3
Donabons
and legames		 473.1 18.6 491 7 664 8
Church
activities		 40 6 40 6 45 8
Investments 22 2 9 9 32 1 26 7
Total income 535.9 28.5 564.4 737.3
Expenditure
on
Raising funds 12.1 12.1 1.9
Church
actnnties		 537 2 42 5 579 7 749.9
Total expenditure 549.3 42.5 591.8 751.8
Net gams/losses
on		 investment assets 0.0
Nst Income/expenditure before transfer (13.4) (14.0) (27.4) (14.5)
Transfers
Gross transfers
between		 funds —in 375 37 5 10.0
Gross transfers
between		 funds —out (37.5) (37 5) (100)
Giber recognised gains/losses
Gains cn revaluation, fixed assets, chanty's own use 12 3 9.1 21.4 (32.2)
Net movement
in funds		 (13.4) (1.7) 9.1 (6.0) (46.7)
Reconciliation
offunds
Total funds brought forward 2046.2 226.6 96.3 2369.1 2415.8
Total funds cerned forward 2032.8 224.9 105.4 2363.1 2369.1

As at As at
31/12/23 31/12/22
Fixed assets Oooo sooo
Tangible assets 1360.0 1360.0
Investment
propertY		 475.0 475 0
Investments 253.6 235 3
Fixed assets 2088 6 2070 3
Current assets
Stocks 0.6 06
Debtors 16.0 39.9
Cash at bank and
in		 hand 275 2 274.6
Current assets 291 8 315.1
Liabilities
Creditors
Amounts		 falling due in 1 year 10 11.5 163
Provision
for liabilities and charges due within		 1 year 5.8
Net current assets less current liabilities 274 5 298.8
Total assets less current liabilities 2363.1 2369.1
Amounts
falling due		 after I year
Total net assets less liabilities 2363.1 2369.1
Represented
by
Unrestricted
-General Fund		 11528 1164.4
Fair Value Reserve 790 0 790.0
Designated
- Designated		 Fund Refurbishment 90.0 91.8
Restncted - Pratt Bequest Fund 15.3 17.5
Restncted - Mission fund Restricted 1436 134.9
Restncted
—Compassion		 65 9.4
Restncted - Hackett Fund 59.5 63 5
Restricted - Refurbishment fund General Restncted 12
Endowment-
Missionary		 Training Fund 105.4 964
Funde ofthe church 2363.1 2369.1

2023 2022
EOOO EOOD EOOO EOOD
Net cash from operating
activities		 (22 5) (376)
Cash flows from Investing activities
Dvidends,
interest and rent		 from investments 20 0 25 0
Proceeds from sale of
Tangible
fixed investments		 30 30
Net cash provided
by / (used in) investing		 23 0 28 0
activities
Change
in cash and cash		 equivalents in the 0.5 (96)
reporting
period
Cash and cash equivalents at 1 January 274.7 284 3
Cash and cash equivalents at 31 December 275.2 274.7
Reconciliation
of net income
/ (expenditure)
before investment
gains
Net income/(expenditure) from SOFA (6.0) (467)
Adjustments
for:
(Gams)/losses
on investments		 (21.3) 32.2
Diwdends,
interest and rent from investments		 (20.0) (25.0)
Decrease/(Increase)
in debtors		 23 9 15.3
(Decrease)/Increase
in creditors		 0.9 (134)
Nst cash provided
by/(used
in) operating		 activities (22 5) (37.6)
Analysis
ofcash and cash		 equivalents
Cash
in hand		 15.6 131
Notice deposits (less than 3 months) 259.6 261.6
275.2 274.7

2 STATEMENT OF FINANCIAL ACTIVITIES STATEMENT OF FINANCIAL ACTIVITIES STATEMENT OF FINANCIAL ACTIVITIES STATEMENT OF FINANCIAL ACTIVITIES STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
by		 accountability centre
Bmmsnusl Central Total Total
Undesignated Designated Esstbury 2023 2022
EOOO OOOO EOOO EOOO EOOO
income and endowments from
Donations
and legaoes		 483 0 (9.8) 473 2 490.9
Church
activities		 40 I 05 40 6 45.5
Investments 198 24 22 2 18.9
Total income 542.9 2.4 (9.3) 536.0 555.3
Expenditure
on
Raiang
funds		 12.1 12 1 1.9
Church
activities		 475 8 41 7 198 5373 564.5
Total ex enditure 487.9 41.7 19.8 549.4 566.4
Gains/losses
on investment		 assets
Net income/ex
enditure		 before transfer 55.0 39.3 29.1 13.4
Transfers
Gross transfers
between		 funds —in 37 5 37 5 100
Gross transfers
between		 funds —out (37.5) (375) (100)
Other recognised gains/fosses
Gains on revaluahon,
fixed		 assets charity's own use
Ner mavementin
funds		 17.5 (1.8) (29.1) (13.4) (11.1)
Reconciliadon
offunds
Total funds brought
forward		 1924.3 91.8 30.1 2046.2 2057.3
Total funds carried forward 1941.8 90.0 1.0 2032.8 2046.2

INCOME AND ENDOWM ENTS
Unrestncted
funds		 Designated
funds		 Restricted
Mission		 funds
Refurb. "		 Endowment
funds		 Total funds
2023		 Totslfunds
2022
Income and endowments from: EOOO EOOO L'000 EOOO EOOO EOOO EOOO
Donations
and legacies
Planned
giving		 353.1 3.8 356.9 412.3
Cobecbons and other gifts 6.4 2.9 104 19.7 142 1
income tax recoverable 82.6 1.3 02 84 1 109 1
Legames 31.0 31 0 13
473.1 8.0 10.6 491.7 664.8
Church activities
Fees 42 42 47
Bookstall 06 06 11
Letbngs 24 8 24 8 26 9
Babes and Toddlers 3.1 31 27
Wednesday Fellowship 1.2 1.2 20
Other ministry areas 6.7 6.7 8.4
40.6 40.6 45.8
Investments
Interest(gross) 30 2.4 99 153 101
Rentalincome (gross) 168 168 166
19.8 2.4 9.9 32.1 26.7
Other income
Total income 533.5 2.4 17.9 10.6 564.4 737.3
Misson Restncted, Compassion Fund Restncted and Hackett Fund Restn
"Prstt Bequest snd Refurbishment Restncted

EXPENDITURE
Unrestricted Designated Restricted funds Endowment Total funds Total funds
funds funds Mission Refurbd funds 2023 2022
EOOO EOOO EOOO EOOO EOOO EOOO EOOO
Expenditure
on:
Raising funds
trading
cost ofgoods		 sold and other costs
Bookstag 02
Investment
management		 costs 12.1 12.1 17
12.1 12.1 1.9
Church activities
Missionary
and		 charitable giwng 90.6 19.8 110.4 121.9
Common
Fund		 135.0 135.0 132.0
Clergy and service costs
Housing 62 62 9.6
Clergy expenses 76 30 106 6.7
Eastbury 20 2 20 2 42 4
Service maintenance 22.6 22 6 24 7
56.6 3.0 59.6 83.4
Premises costs
Plopelty
supeivlsol		 16.3 16.3 17.9
Insurance 96 96 88
Heat,
light, etc		 21 3 21 3 21 5
Maintenance
Church		 & Hall 19.6 41 6 11.9 73.1 230 3
66.8 41.6 11.9 120.3 278.5
Activities
Youth and children's work 26 9 26.9 44.6
Family 1.1 11 1.5
Church weekend 08 08 05
Pastoral 2.1 21 36
Evangelism
and outreach		 21 4 6.7 28 I 14
Sooal action 10 1.1 2.1 14
53.3 7.8 61.1 53.0
Support costs
Administrative and secretanal wages, etc 52 8 52.8 49 5
Pnnting,
postage,		 stabonery &telephone 22 0 22.0 17.0
Equipment
maintenance		 &deprecation 2.7 27 3.6
Miscellaneous 9.3 9 3 4.5
86.8 86.8 74.6
Governance
costs
Independent
examination		 29 29 29
Book-keeper 36 3.6 3.6
6.5 6.5 6.5
Total expenditure on church activities 495.6 41.6 27.6 14.9 579.7 749.9
Total ex enditure 507.7 41.6 27.6 14.9 591.8 751.8
Gains/losses
on mvestment		 assets
Net income/ex
enditure		 before transfer 25.8 (39.2) (9.7)
' Mission Restncted		 (4.3)
and Ccmpasson		 (27.4)
Fund Restnctsd		 (14.5)
"Prstt Bequest snd Reiurbahment Restncted

Individual
restr		 ict ed
fun		 ds
Total Total
Restricted funds Restricted Restricted
Missiorl Compassion Pratt Hackett Rsfurb. funda 2023 funds 2022
EOOO EOOO EOOO EOOO EOOO EOOO
income and endowments from:
Donabons
and		 legames 71 08 107 '(86 1739
Church actwities 03
Investments 70 0.3 26 99 78
Total income 14.1 10.7 28.5 182.0
Expenditure
on:
Church
activibes		 170 40 3.0 6.6 11.9 42 5 1854
Total resources used 17.0 4.0 3.0 6.6 11.9 42.6 186.4
Net incomin
lout		 oin resources before transfer (2.9) (2 9) 3.0 4.0 (1.2 14.0 3.4
Transfers
Gross transfers between funds —m
Gross transfers between funds —out
Other recognised gainsriosses
Gains/losses
on		 investment assets
Gains on revaluabon,
fixed assets		 cherrt)rs own use 11.5 08 i2 3 (19.3)
Net movement in funds 8.6 (2.9) (2.2) (4.0) (12) (17) (22.7)
Reconciliation of funds
Total funds
brou		 ht forward 135.0 9.4 17.6 63.6 1.2 226.6 249.3
Total funds carried forward 143.6 6.5 15.3 69.5 0.0 224.9 226.6

FIXEDASSETS
Freehold Investment Fixtures,
land
ik		 props ny fittinos & TOTAL
bud din 9s equipment
CostNsluation EDOO EOOD EDOO EOOD
Brought forward at 1 January 2023 13600 475 0 18350
Disposals
Additions
Revaluauons
Dls pa sais
Carried forward at 31 December 2023 1360.0 475.0 0.0 1835.0
De reciatlon
and		 im alrment
Brought forward at 1 January 2023 0.0 00 00 00
Charge for year
Movement
in provision		 for impairment
Dlsposals
Carried forward at 31 December 2023 0.0 0.0 0.0 0.0
Net value
in accounts		 as at 31 December
2023 1360.0 475 0 0 0 1835.D
2022 1360.0 475.0 00 18350
Freehold
land & buildin		 s
Properties
were valued at open market		 value with vacant possession
by Neil		 Altman FRICS (m 6000s) as at 31 December 2021
4 Church Close 675.0
64Chester Road 685.0
1360.0
Ifthese freehold properties
had not		 been revalued they would have been included at their purchase price. The house at 64 Chester
Road was purchased for F1,400 on 31 December 1945. The house at4 Church Close was purchased
for F5,850 on 28		 Apnl 1969
A terner of movable church fixtures and furnishings is maintained and may be viewed in the Pansh Office. Consecrated land and
buddings
and moveable		 church furnishings have been excluded from these financial statements by virtue of section 10(2)ofthe
Charities
Act 2011.They		 are insured for a sum of F22.94 million including contents.
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		 ofthe fair value ofthe tlat at 31 December 2023 by a chartered surveyor, a value of6475,000
has been placed on the property as at that date by the trustees. Ifthe investment property
had		 not been revalued it would have been
included
at the histoncal		 cast of6385,000 from its purchase
pnce in 2015.
Balance Sheet for individual Restricted Funds as at 31 December 2023
Total Total
Restricted funds Restricted Restricted
Mission Compassion Prstt Hackett Rsfurb. funds 2023 funds 2022
Fixed assets EOOD EOOD EOOD EOOD EOOD EOOD
tangible
assets
Investments 132.9 15.3 1482 1390
Fixed assets 132.9 15.3 148.2 139.0
Current assets
Stocks
Debtors 06 0.1 07 14 13
Cash at bank and in hand 10.1 6.5 58.8 50 804 87 7
Current assets 10.7 6.6 0.0 59.5 5.0 81.8 89.0
Lisoiiiaes
Creditors
Amounts		 falling due in one year 0.1 01 14
Prowsion
for habihbes		 due within ane year 5.0 50
Net current assets less current
liabil		 10.7 6.5 0.0 59.5 D.O 76.7 87.6
Total assets less current liabilities 1436 65 15.3 59.5 224 9 226 6
Total net assets less liabilities 143.6 6.5 15.3 59.5 0.0 224.9 226.6
37

DEBTORS
unrestricted Designated Restricted
funds		 Endowment Total funds Total funds
funds funds Mission Refurb funds 2023 2022
EOOO EOOO EOOO EOOO f000 fooo EOOO
Other debtors 6.1 05 6.6 17
Prepayments 12 12
Accrued income 65 08 02 0.7 8.2 382
13.8 0.8 0.7 0.7 16.0 39.9
Mission Rssincisu and Compassion
Fund		 Rsstncisd
9 INVESTMENTS INVESTMENTS unrsstncted Designated Restricted funds Endowment Endowment Total funds Total funds
funds funda Mission' Prstt funds 2023 2022
Restricted/Endowment Funds EQOO EOOO EOOO EOOD f000 f000 EOOO
Investments in CCLA CBF Funds
Pratt Bequest 153 153 175
Mission 1329 1329 121.5
Missionary Training Fund 1054 105.4 963
132.9 15.3 105.4 253.6 235.3
Mission Resincted end Compassion Fund Resincied

CREDIT ORS: amounts
falling		 due within one y ear
unrestricted Designated Restricted funds Total funds Total funds
funds funds Mission' Pratt Refurb. 2023 2022
EOQQ f000 f000 f000 EOOO f000
Eastbury sundry
creditors		 57
Emmanuel sundry
creditors		 4.1 41 10
Emmanuel accruals 73 01 74 9.6
Provision for liabgices 08 50 5,8
11.4 0.8 ' Missron 0.1
Resincied		 5.0
snd Compassion		 Fund Resincisu 17.3 16.3

11 OUTREACH CONGREGATION CONGREGATION - EASTBURY - EASTBURY - EASTBURY - EASTBURY
2023 2022
Income and endowments f000 5000
Donors (95) 43.9
Tax recovenes 0.2 0.8
(9 3) 44 7
~Ex en
iture
Missionary
and other grants		 5.2
Church work and activites 195 46 7
Management and administration 03 31
198 55.0
NET SURPLUS (DEFICIT) FOR YEAR (29.1) (10.3)
Funds at start ofyear 30 1 40 4
excess ofincome over outgo (29 1) (103)
Funds at end of year 1.0 30.1
Represented by
Bank account 10 18
Amounts
due from Eastbury		 Church Northwood Irust 34.0
less amounts
owing		 5.7)
10 30 1
Treasurer Pang Lim
Signatones Pang Lim, Churchwardens, Treasurer and Donations Treasurer are authorised
signatones but the PCC has agreed that at least one signature should always
be the Eastbury Treasurer.
Finanmal
control		 Eastbury Subgroup of Emmanuel PCC (until disbanded)

2023 2022
~Inc
m		 EOOO EOOO
Donations 10.4 134.5
Taxrecovenes 0.2 27 3
Church
activibes		 03
Interest 03
106 162.3
~Ex enditure
Refurbishment 11.8 161 1
NET SURPLUS (DEFICIT) FOR YEAR (1 2) 12
Funds at start of year 1.2 0.0
Funds at end of year 00 1.2
Represented
by
Bank accounts and deposits 95.0 930
95.0 930
less
Liabilities
Provision
for retention		 an building works 50 91 8
Amount
due to General		 Fund (designated) 900
00 12
14 STAFF COSTS 2023 2022
E000 EOOO
Wages and salanes 1052 1189
Social Securdy costs 22 38
Pension casts 2.6 32
1100 125.9

FUNDS
Unrestricted Oeelaneted Restricted funds Endowment Total funds Total funds
funds funds Mission Compassion PretuRefurb. funds 2023 2022
IHecken
EOOOs EOOOs EOOOs EOOOs EOOOs EOOOs EOOOs EOOOs
Tangible fixed assets 13600 13600 13600
Investment fixed assets 475.0 132.9 153 1054 728 6 710.3
Current assets 1192 90 8 107 66 1 50 291 8 315 1
Amounts falling due in one year (114) (0 8) (0 1) (5 0) (17.3l (163)
Amounts falffng due after one year 00 0.0
Funds at 31 December 2023 1942 8 90 0 1436 66 0 153 1054 2363 1 2369 1