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← The Parochial Church Council Of The Ecclesiastical Parish Of Saint John On Bethnal Green

2023-12-31-accounts

Charity number: 1132150

The Parochial Church Council of the Ecclesiastical Parish of Saint John on Bethnal Green

(A Parochial Church Council registered as a charity, number: 1132150)

Financial Statements

and

Trustees' Report

for the year ended 31 December 2023

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The Parochial Church Council of the Ecclesiastical Parish of Saint John on Bethnal Green (A Parochial Church Council registered as a charity, number: 1132150)

Index to the Financial Statements for the year ended 31 December 2023

Page
Index to the Financial Statements 2
Charity Information 3
Trustees' Report 4 - 6
Statement of Trustees' Responsibilities 7
Independent Examiner's Report 8
Statement of Financial Activities 9
Statement of Financial Postion 10
Statement of Cash Flows 11
Accounting Policies 12 - 13
Notes to the Accounts 14 - 17

Page 2

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The Parochial Church Council of the Ecclesiastical Parish of Saint John on Bethnal Green (A Parochial Church Council registered as a charity, number: 1132150)

Charity Information

for the year ended 31 December 2023

Status: The Parochial Church Council (PCC) is a corporate body established by the Church of
England. It is constituted and governed by the Parochial Church Councils (Powers)
Measure 1956 (as amended) and the Church Representation Rules (2011). The
members of the PCC are its trustees under charity law and are referred to as such
throughout this report. It is a registered charity, number 1132150.
Charity name: The Parochial Church Council of the Ecclesiastical Parish of Saint John on Bethnal Green
Other operating names: St John on Bethnal Green
Charity registration number: 1132150
Correspondence address: St John's Rectory
30 Victoria Park Square
London E2 9PB
Operations address: 200 Cambridge Heath Road
London E2 9PA
Chair: Fr Darren Wolf (licensed 21 September 2023)
Vice chair: Barbara Perrott
Treasurer: Patricia Shaw
Secretary: Joy Stanton
Churchwarden: Debra Frame
Electoral Roll Officer: Clare Barnett
Independent Examiner: Anthony Armstrong FCA
Armstrong & Co
Chartered Accountants & Statutory Auditor
4a Printing House Yard
Hackney Road
London E2 7PR
Church Architect: David Hills (appointed March 2024)
Roger Mears Architects
Union Chapel
Compton Avenue
London N1 2XD
Robin Mallalieu
Brady Mallalieu Architects
90 Queens Drive
London N4 2HW
Heritage Architect: Jon Bolter
Rees Bolter Architects
New North House
202 New North Road
London N1 7BJ
Bankers: HSBC plc
465 Bethnal Green Road
London E2 9QW
CCLA Investment Management Ltd
The CBF Church of England Funds
Senator House, 85 Queen Victoria Street
London EC4V 4ET

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The Parochial Church Council of the Ecclesiastical Parish of Saint John on Bethnal Green

(A Parochial Church Council registered as a charity, number: 1132150)

Trustees' Report

for the year ended 31 December 2023

The Trustees of The Parochial Church Council of the Ecclesiastical Parish of Saint John on Bethnal Green (the PCC) present their report together with the financial statements for the year ended 31 December 2023.

Objectives and Activities

The PCC is committed to witnessing to the Christian Gospel through worship, nurture, pastoral care, and service. We seek:

Membership

Members of the PCC are either ex-officio or elected by the Annual Parochial Church Meeting (APCM) in accordance with the Church Representation Rules. PCC members are elected for a three year appointment with one third retiring each year. The retiring dates are provided below (*).

During the year the following served as members of the PCC or assisted in the running of church activities.

Elected members:

Clare Barnett (Electoral Roll Officer, Safeguarding Officer) (2023) Lois Lewington (2025) Joy Stanton (Secretary 2024) Paul Kelly (2025) Patricia Shaw (Treasurer 2025) Sonny Chan (2026) (Resigned January 2024)

Ex-officio members: Incumbent: The Reverend Darren Wolf (licensed 21 September 2023) Churchwarden: Debra Frame (also Children’s Champion) Deanery Synod Representative: Barbara Perrott (Vice Chair) Deanery Synod Representative: Marcia Charles

Aim and Purposes

St John’s Parochial Church Council (PCC) has the responsibility of cooperating with the Incumbent, the Reverend Darren Wolf, in promoting the ecclesiastical parish, the whole mission of the Church, pastoral, evangelistic, social and ecumenical. The PCC is also specifically responsible for the maintenance of the church building, together with its crypt and hall at 200 Cambridge Heath Road, Bethnal Green.

Structure, Governance and Management

The Parochial Church Council is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure. The PCC is a Registered Charity.

The method of appointment of PCC members is set out in the Church Representation Rules. At St John’s the membership of the PCC consists of the parish clergy, churchwardens and members elected by those members of the congregation who are on the electoral roll of the church. All who regularly attend our services are encouraged to register on the Electoral Roll and stand for election to the PCC.

The PCC members are responsible for making decisions on all matters of general concern and importance to the parish including deciding on how the funds of the PCC are to be spent.

Safeguarding

The parish of St John on Bethnal Green is committed to the safeguarding of children, young people and adults. We follow the House of Bishops guidance and policies and have our own Parish Safeguarding Officer(s), PSOs. The Diocese of London’s safeguarding pages contain vital links and information including contacts for the Diocesan Safeguarding Advisor (DSA) who advise our PSOs. The policy is reviewed by the PCC annually.

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The Parochial Church Council of the Ecclesiastical Parish of Saint John on Bethnal Green

(A Parochial Church Council registered as a charity, number: 1132150)

Trustees' Report

for the year ended 31 December 2023

Review of the Year

In 2023 the PCC focused heavily on maintaining the functions of the church and services without an incumbent. The church was able to maintain the Sunday service and supporting local charities and businesses that work for the benefit of the community through rental space in the crypt. The focus and capacity of the PCC was focused heavily on these areas for most of 2023. Rev. Darren Wolf was installed as Priest in Charge on the 21st of September 2023 and has been able to expand the capacity of church work again.

Services

The church was able to continue the 10am service in the Anglo-Catholic tradition throughout 2023. We have also expanded to partner more closely with the local junior choir and school and offer a traditional Evensong service each month.

Public Benefit

St John on Bethnal Green benefits the public by way of: regular worship that is open to all, the provision of sacred space for personal prayer and contemplation, pastoral work (including the visiting of the sick and the bereaved), teaching Christianity through sermons, courses and small groups, taking school assemblies, promoting the whole mission of the church through its assistance to older people, parents and children, and supporting charities in the UK and overseas.

Financial Review

The results of the period and financial position of the charity are shown in the annexed financial statements. The Statement of Financial Activities shows net income for the year of £(17,146) (2022: £14,845) and total funds of £90,787 (2022: £107,933).

Tangible fixed assets for use by the charity

Fixed assets are set out in Note 10 to the accounts.

Reserves Policy

The trustees consider that a policy of holding a minimum of 12 months income as a general reserve is appropriate for the charity.

The financial statements were approved by the Board of Trustees on 22[nd] May 2024 and signed on its behalf by:

Barbara Perrott, Trustee

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The Parochial Church Council of the Ecclesiastical Parish of Saint John on Bethnal Green (A Parochial Church Council registered as a charity, number: 1132150)

Statement of Trustees' Responsibilities for the year ended 31 December 2023

The trustees are responsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The trustees are required by law to prepare financial statements for each financial period which give a true and fair view of the financial activities of the charity and of its financial position at the end of that period. In preparing those financial statements the trustees are required to:

The trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the governing document. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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The Parochial Church Council of the Ecclesiastical Parish of Saint John on Bethnal Green (A Parochial Church Council registered as a charity, number: 1132150)

Independent Examiner's Report

to the PCC of The Parochial Church Council of the Ecclesiastical Parish of Saint John on Bethnal Green

I report on the accounts of The Parochial Church Council of the Ecclesiastical Parish of Saint John on Bethnal Green for the period from 1 January 2022 to 31 December 2023, which are set out on pages 9 to 17. My report is in respect of an examination carried out in accordance with the Church Accounting Regulations 2006 ('the Regulations') and the Charities Act 2011 ( 'the Charities Act').

This report is made solely to the charity's trustees as a body in accordance with section 145 of the Charities Act and regulations made under section 154 of that Act. My examination has been undertaken so that I might state to the charity's trustees those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the PCC and its members as a body, for my examination, for this report, or for the opinions I have formed.

Respective responsibilities of trustees and examiner

As described on page 7, the PCC are responsible for the preparation of the accounts. The PCC consider that an audit is not required for this year under section 144 of the Charities Act and that an independent examination is needed.

Having satisfied myself that the charity is not subject to audit under charity law and is eligible for independent examination, it is my responsibility to:

Basis of independent examiner's statement

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect:

I have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Anthony Armstrong FCA, Independent Examiner of Armstrong & Co Chartered Accountants & Statutory Auditor

4a Printing House Yard Hackney Road London E2 7PR

Dated: 22 May 2024

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The Parochial Church Council of the Ecclesiastical Parish of Saint John on Bethnal Green (A Parochial Church Council registered as a charity, number: 1132150)

Statement of Financial Activities for the year ended 31 December 2023

Income from:
Donations, legacies and grants
3
Charitable activities
4
Other trading activities
5
Investments
6
Total Income
Expenditure on:
Raising funds
7
Charitable activities
8
Total Expenditure
Net gains/(losses) on investments
6
Net (expenditure)/income
Transfers between funds
Gains on revaluation of fixed assets
Net movement in funds
Total funds brought forward
Total funds carried forward		 Unrestricted
Funds
Restricted
Funds
2023
2023
£
£
41,452 -
(166) -
45,400 -
1,329 -		 Total
2023
£
41,452
(166)
45,400
1,329		 Total
2022
£
41,011
4,187
52,353
434
88,015 -
22,874 -
82,287 -		 88,015
22,874
82,287		 97,985
25,169
57,971
105,161 -
- -
(17,146) -
- -
(17,146) -
105,533
**2,400 **		 105,161
-
(17,146)
-
-
(17,146)
107,933		 83,140
-
14,845
-
-
14,845
93,088
88,387
**2,400 **		 90,787 107,933

All incoming resources and resources expended are derived from continuing activities. The accompanying accounting policies and notes form an integral part of these financial statements.

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The Parochial Church Council of the Ecclesiastical Parish of Saint John on Bethnal Green

(A Parochial Church Council registered as a charity, number: 1132150)

Balance Sheet

as at 31 December 2023

Notes
Current assets
Cash at bank and in hand
11
Total current assets
Creditors: amounts falling due within one year
12
Net current assets/(liabilities)
Funds of the charity
Unrestricted
14
Restricted
14
Total funds		 Unrestricted
funds
Restricted
funds
£
£
92,554
2,400		 Total funds
2023
£
94,954		 Total funds
2022
£

110,611
92,554
2,400
4,167
-		 94,954
4,167
110,611

2,678
88,387
2,400		 90,787
107,933
88,387
2,400		 105,533
2,400
90,787 107,933

The financial statements were approved by the Board of Trustees on 22[nd] May 2024 and signed on its behalf by:

Debra Frame, Trustee

Barbara Perrott, Trustee

The notes on pages 12 to 17 form part of these accounts.

Page 9

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The Parochial Church Council of the Ecclesiastical Parish of Saint John on Bethnal Green (A Parochial Church Council registered as a charity, number: 1132150)

Statement of Cash Flows

for the year ended 31 December 2023

Notes to the Cash Flow Statement: reconciliation of net income to net cash flow from operating activities

Net cash flows from operating activities
Cash flows from investing activities:
Dividends, interest and rents from investments
Purchase of property, plant and equipment
Net cash used in investing activities
Change in cash and cash equivalents in the reporting period
Cash and cash equivalents brought forward
Cash and cash equivalents carried forward
Adjustments for:
Depreciation charges
Dividends, interest, and rent from investments
(Increase)/decrease in debtors
Increase/(decrease) in creditors
Net cash flow from operating activities
Net surplus for reporting period as per statement of financial activities		 Unrestricted funds
£
(16,986)
1,329
1,329
(15,658)
108,211
92,553
Unrestricted
Funds
(17,146)
-
(1,329)
0
1,489
(16,986)		 Restricted funds
£
-
-
-
-
2,400
2,400
Restricted Funds
-
-
-
-		 Total 2023
£
(16,986)
1,329
-
1,329
(15,658)
110,611
94,953
Total 2023
(17,146)
-
(1,329)
-
1,489
(16,986)

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The Parochial Church Council of the Ecclesiastical Parish of Saint John on Bethnal Green (A Parochial Church Council registered as a charity, number: 1132150)

Accounting Policies for the year ended 31 December 2023

Basis of preparation

The financial statements have been prepared in accordance with:

Public benefit entity

The charity meets the definition of a public benefit entity under FRS 102.

Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue to operate and accordingly the accounts have been prepared on a going concern basis.

Income recognition

Voluntary income and donations (including legacies) are accounted for once the PCC has entitlement to the income, it is probable the income will be received and the amount of income receivable can be reliably measured. Income from the recovery of tax on gift aided donations is accounted for in the period to which the relevant donation is received. Grant income is recognised on a receivable basis.

The income from trading activities includes rental income from the letting of church premises which is accounted for when earned. It is shown gross, with the associated costs included in fundraising costs.

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

Expenditure recognition

Expenditure is accrued as soon as a liability is considered probable, and the amount of obligation can be measured reliably. Longer term liabilities are discounted to present value. The PCC is not registered for VAT and accordingly expenditure includes VAT where appropriate.

Expenditure included in Raising Funds includes amounts incurred in obtaining grants and other donations and property maintenance costs.

Charitable expenditure includes those costs expended in fulfilling the PCC’s principal objects, as outlined in the Report of the PCC. These include grants payable, governance costs and an apportionment of support costs.

Restricted Funds

Restricted funds are to be used for specified purposes as laid down by the funder. Direct and support expenditure which meets these criteria are identified to the fund together with a fair allocation of other costs.

Unrestricted Funds

Unrestricted funds are funds received which have no restrictions placed on their use and are available as general funds.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

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The Parochial Church Council of the Ecclesiastical Parish of Saint John on Bethnal Green

(A Parochial Church Council registered as a charity, number: 1132150)

Accounting Policies

for the year ended 31 December 2023

Tangible Fixed Assets

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Furniture & fittings - 20% on cost Office equipment - 25% on cost Computer equipment - 25% on cost

Items of equipment are only capitalised where the purchase price exceeds £1000.

Consecrated Property and Moveable Church Furnishings

Consecrated land and benefice property such as the church building and vicarage is excluded from the accounts in accordance with s10 of the Charities Act 2011. Moveable church contents are held by the vicar and churchwardens on special trust for the PCC and require a faculty for disposal. They are accounted for as inalienable property unless consecrated. All expenditure incurred on consecrated or benefice buildings and moveable church furnishings, whether maintenance or improvement, is expressed within the Statement of Financial Activities.

Investments

Investments are shown in the balance sheet at closing market value. Surpluses or deficits on valuation are credited or charged to the statement of financial activities.

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(A Parochial Church Council registered as a charity, number: 1132150)

The Parochial Church Council of the Ecclesiastical Parish of Saint John on Bethnal Green

Notes to the Accounts

for the year ended 31 December 2023

Trustees' emoluments

Emoluments include salaries, fees, bonuses, expense allowances and estimated non-cash benefits receivable. All trustees serve in a voluntary capacity and do not receive payment for their services.

2
Net incoming resources
are stated after charging
Independent Examiner's fees
3
Income from donations, legacies, and grants
Donations
Grants
4
Income from charitable activities
Service fees, net of amounts paid to the Diocese
5
Income from trading activities
Art classes
Bar sales
Church hire
Crypt licences
Flat Rental
Hall hire
6
Income from investments
Bank interest received
Total income		 2023
2022
£
£
1,200
1,200
Unrestricted
funds
Restricted
funds
Total funds
2023
2022
£
£
£
£
16,956
-
16,956
14,125
24,496
-
24,496
26,886
41,452
-
41,452
41,011
Unrestricted
funds
Restricted
funds
Total funds
2023
2022
£
£
£
£
(166)
-
(166)
4,187
Unrestricted
funds
Restricted
funds
Total funds
2023
2022
£
£
£
£
5,566
-
5,566
9,259
5,635
-
5,635
8,832
4,679
-
4,679
7,720
10,615
-
10,615
11,823
15,180
-
15,180
13,649
3,725
-
3,725
1,070
45,400
-
45,400
52,353
1,329
-
1,329
434
88,015
-
88,015
97,985

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The Parochial Church Council of the Ecclesiastical Parish of Saint John on Bethnal Green

(A Parochial Church Council registered as a charity, number: 1132150)

Notes to the Accounts

for the year ended 31 December 2023

7
Expenditure on raising funds
Art classes
Bar expenses
Flat rental costs
8
Expenditure on charitable activities
Bank charges
Clergy expenses
Common Fund
Independent examination fees
IT and website
Liturgical costs
Office costs
Subscriptions
Sundry expenses
Telephone & internet
Transaction fees
Upkeep of services
Charitable donations made
Cleaning
Curtilage
Insurance
Light, Power, Water, Heating
Repairs & maintenance
Professional fees		 Unrestricted
funds
Restricted
funds
Total funds
2023
2022
£
£
£
£
4,676
-
4,676
6,384
3,901
-
3,901
4,510
14,297
-
14,297
14,275
22,874
-
22,874
25,169
205
-
205
275
-
-
-
75
35,500
-
35,500
22,189
1,200
-
1,200
1,200
350
-
350
-
1,257
-
1,257
3,741
97
-
97
2,679
25
-
25
-
2,319
-
2,319
143
2,049
-
2,049
-
74
-
74
-
3,110
-
3,110
-
-
-
-
95
1,273
-
1,273
-
-
-
-
1,572
7,946
-
7,946
8,212
20,207
-
20,207
10,474
6,677
-
6,677
7,256
-
-
-
60
82,287
-
82,287
57,971

No remuneration was paid to any Trustee or their associates for services as a trustee during the year ended 31 December 2023 nor to 31 December 2022.

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The Parochial Church Council of the Ecclesiastical Parish of Saint John on Bethnal Green (A Parochial Church Council registered as a charity, number: 1132150)

Notes to the Accounts

for the year ended 31 December 2023

9 Staff costs 2023 2022
£ £
Staff salaries - -
**10 ** Tangible fixed assets
None to report
**11 ** Bank and cash in hand 2023 2022
£ £
PCC: HSBC Community account 9,682 28,312
Arts: HSBC Community account 10,314 13,382
CBF Deposit fund 1 30,235 29,296
CBF Deposit fund 2 157 152
Development Fund: HSBC Community account 18,198 13,486
Development Fund: HSBC BMM account 26,368 25,983
94,954 110,611
2023 2022
**12 ** Creditors £ £
Trade creditors 1,767
Accruals 2,400 2,678
4,167 2,678
Opening Closing
**13 ** Movement of funds balance Income Expenditure Transfers balance
Unrestricted funds 105,533 88,015 (105,161) - 88,387
Restricted funds
Memorial for Alan Green 2,400 - - - 2,400
Total funds 107,933 88,015 (105,161) - 90,787
Opening Closing
**14 ** Movement of funds: prior year balance Income Expenditure Transfers balance
Unrestricted funds 93,088 92,944 (80,499) - 105,533
Restricted funds
Memorial for Alan Green - 2,400 - - 2,400
Church Energy Cost Support Grant - 2,641 (2,641) - -
Total funds 93,088 97,985 (83,140) - 107,933

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The Parochial Church Council of the Ecclesiastical Parish of Saint John on Bethnal Green

(A Parochial Church Council registered as a charity, number: 1132150)

Notes to the Accounts

for the year ended 31 December 2023

15 Related party transactions

During the year total donations received from PCC members, their close family members and business associates was £2,180 (2022: £3,500).

16 Gifts in kind

During the year the charity benefitted from unpaid work performed by volunteers.

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