DocuSign Envelope ID: 7C7E6D7A-FB90-4353-95F5-3D8952A9497CDocuSign Envelope ID: B9B08D50-D06D-4C28-AC85-B9D46625B423 

**UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 FOR PARISH OF ST JOHNS SOUTHALL** 

## CONTENTS 

||Page|
|---|---|
|Independent Examiner's Report|36|
|Statement of Financial Activities|37|
|Balance Sheet|38 to 39|
|Notes to the Financial Statements|40 to 45|
|Detailed Statement of Financial Activities|46 to 49|



These financial statements form a part of the PCC of St John’s Annual Report on pages 1 to 34 

Page | 35 



DocuSign Envelope ID: 7C7E6D7A-FB90-4353-95F5-3D8952A9497CDocuSign Envelope ID: B9B08D50-D06D-4C28-AC85-B9D46625B423 

## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PARISH OF ST JOHNS SOUTHALL** 

I report on the accounts for the year ended 31 December 2022 set out on pages thirty-six to forty-seven. 

## **Respective responsibilities of trustees and examiner** 

The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under Section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required. 

It is my responsibility to: 

- examine the accounts under Section 145 of the 2011 Act 

- to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145(5)(b) of the 2011 Act); and 

- to state whether particular matters have come to my attention. 

## **Basis of the independent examiner's report** 

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 you as 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 statements below. 

## **Independent examiner's statement** 

In connection with my examination, no matter has come to my attention: 

- (1) Which gives me reasonable cause to believe that, in any material res[ect, the requirements 

   - a. To keep accounting records in accordance with Section 130 of the 2011 Act; and 

   - b. To prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act 

have not been met; or 

- (2) To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. 

19-Jun-2023 

……………………………………………. 

Rev. David M Green FCA Gowers Limited Chartered Accountants The Old School House Bridge Road Hunton Bridge Kings Langley Herts WD4 8SZ 

Date:. 

………........ 


36 | Page 



DocuSign Envelope ID: 7C7E6D7A-FB90-4353-95F5-3D8952A9497CDocuSign Envelope ID: B9B08D50-D06D-4C28-AC85-B9D46625B423 

## Parish of St Johns Southall 

## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022** 



37 | Page 



DocuSign Envelope ID: 7C7E6D7A-FB90-4353-95F5-3D8952A9497CDocuSign Envelope ID: B9B08D50-D06D-4C28-AC85-B9D46625B423 

## Parish of St Johns Southall 

## **BALANCE SHEET WITH FUNDS AT 31 DECEMBER 2022** 



38 | Page 



DocuSign Envelope ID: 7C7E6D7A-FB90-4353-95F5-3D8952A9497CDocuSign Envelope ID: B9B08D50-D06D-4C28-AC85-B9D46625B423 

## Parish of St Johns Southall 

## **BALANCE SHEET WITH FUNDS - CONTINUED** 

## **AT 31 DECEMBER 2022** 


The financial statements were approved by the Board of Trustees on 13[th] June 2023and were signed on its behalf by: 

……………………………….. 

Rev Dr Anna Poulson (Chair) 


………………………………. **************** (Board of Trustee member) 

14-Jun-2023 ……………………………… Christina Masih Alfred (Treasurer) 


39 | Page 



DocuSign Envelope ID: 7C7E6D7A-FB90-4353-95F5-3D8952A9497CDocuSign Envelope ID: B9B08D50-D06D-4C28-AC85-B9D46625B423 

Parish of St Johns Southall 

## **NOTES TO THE FINANCIAL STATEMENTS** 

## **FOR THE YEAR ENDED 31 DECEMBER 2022** 

## 1. **ACCOUNTING POLICIES** 

## **Accounting convention** 

The financial statements have been prepared under the historical cost convention and in accordance with the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities, the Charities SORP (FRS102). 

## **Incoming resources** 

all incoming resources are included on the Statement of Financial Activities when the charity (PCC) is legally entitled to the income and the amount can be quantified with reasonable accuracy.  These consist of standing order, loose, envelope donations by current and previous members of the congregation. 

Voluntary income and capital sources: 

Collections are recognised when received by or on behalf of the PCC 

Planned giving receivable under Gift Aid recognised only when received 

Tax reclaims on donations and gifts: 

Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate. 

Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement, the amount due is quantifiable and its ultimate receipt by the PCC is reasonably certain. 

Incoming resources with related expenditure: 

Funds raised by the fete, garden party, sales of books, magazines from the church bookstall and similar events are accounted for gross. 

Other ordinary income: 

Rental income from the letting of church premises is recognised when the rental is due. 

Income from investments: 

Interest is accounted for on a receivable basis. 

Gains and losses on investments: 

Realised gains or losses are recognised when investments are sold.  Unrealised gains or losses are accounted for on revaluation of investments at 31 December. 

Volunteer help: 

The monetary value of any voluntary help received is not included in the accounts. 

## **Resources expended** 

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category.  Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. 

## **Governance costs** 

Cost of the preparation and examination of statutory accounts. 

## **Tangible fixed assets** 

Depreciation is provided to write off each asset over its estimated useful life. 

Consecrated land and buildings and movable church furnishings: Consecrated and beneficed property is excluded from the accounts by s10(2)(a) of the Charities Act 2011. 

## Other tangible assets: 

Other tangible assets are depreciated on a reducing balance basis at a rate of 20%.  Some items have been fully depreciated. 

## **Property revaluation** 


40 | Page 



DocuSign Envelope ID: 7C7E6D7A-FB90-4353-95F5-3D8952A9497CDocuSign Envelope ID: B9B08D50-D06D-4C28-AC85-B9D46625B423 

Parish of St Johns Southall 

The long leasehold property is included in the Balance Sheet at the estimated market value as valued on the 26[th] January 2018. 

## **Taxation** 

The charity is exempt from tax on charitable activities. 

## **Fund accounting** 

General Unrestricted funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC. Funds designated for a particular purpose by the PCC are also unrestricted. 

Restricted funds can only be used for particular restricted purposes within the objects of the charity.  Restrictions arise when specified by the donor or when funds are raised for restricted purposes. 

The accounts include all transactions, assets, and liabilities for which the PCC is responsible in law.  They do not include accounts of church groups that owe their main affiliation to another body nor those that are informal gatherings of Church members. 

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. 

## 2. **VOLUNTARY INCOME** 

|Online giving, other planned giving and collections<br>Donations<br>Monthly giving and Gift Aid envelopes<br>Gift Aid tax recoverable<br>Legacies<br>Grants<br>Other funds generated|**2022**<br>**2021**<br>**£**<br>**£**<br>10,965<br>13,122<br>22,796<br>52,083<br>115,781<br>125,184<br>54,131<br>25,291<br>8,100<br>10,000<br>15,163<br>5,500<br>12,418<br>-|
|---|---|
||239,354<br>231,180|



Grants received, included in the above are as follows: 

|**Other grants:**<br>**Non-recurring grants:**<br>Spacehive, Old church<br>Francis Courtney Fund<br>London Diocese Fund, Church Energy Grant<br>Foodhub<br>Fundraising events<br>Over 60s income|-<br>5,500<br>8,552<br>3,000<br>2,641<br>970<br>15,163<br>-<br>-<br>-<br>1,864<br>-|
|---|---|
||1,864<br>-|



## **3. ACTIVITIES FOR GENERATING FUNDS** 


41 | Page 



DocuSign Envelope ID: 7C7E6D7A-FB90-4353-95F5-3D8952A9497CDocuSign Envelope ID: B9B08D50-D06D-4C28-AC85-B9D46625B423 

## Parish of St Johns Southall 

## **4. INVESTMENT INCOME** 

|**INVESTMENT INCOME**<br>Rents received<br>Deposit account interest and dividends|**2022**<br>**2021**<br>23,720<br>27,538<br>111<br>-|
|---|---|
||23,831<br>27,538|



## **5. COSTS OF GENERATING VOLUNTARY INCOME** 

|**5.**<br>**COSTS OF GENERATING VOLUNTARY INCOME**||
|---|---|
|<br>costs of fetes & other events<br>costs of stewardship campaign|**2022                                  2021**<br>-<br>-<br>-<br>-|
||-<br>-|



## **6. TRUSTEES’ REMUNERATION AND BENEFITS** 

There were no trustees’ remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021. 

## **Trustees’ expenses** 

|Anna Poulson|£                         3,079|
|---|---|
|KaileanKhongsai|£                         1,863|
|Nila Masih|£                            189|
|Manori Wellington|£                               34|



## **7. STAFF COSTS** 

|Wages and salaries, and pensions<br>2952 Caretaker (and Cleaner)<br>2001 Asst staff costs (FH)<br>2050 Administrator/Ops<br>2055 Pensions<br>2060 Youth work<br>2327 Little Angels<br>2331 Cleaning<br>2330 Church maintenance<br>2350 Upkeep of church yard<br>The average monthly number of employees during the year was as follows:<br>Employees @ 31 Dec|2022<br>2021<br>48,555<br>34,545|
|---|---|
||8,218<br>11,730<br>22,382<br>2,139<br>380<br>1,248<br>1,112<br>1,346<br>0<br>5<br>2|



Administrator, Cleaner, Care taker, Little Angels & Youth (Leavers; Ops Mgr, FoodhubMgr) 

No employees received emoluments in excess of £60,000. 


42 | Page 



DocuSign Envelope ID: 7C7E6D7A-FB90-4353-95F5-3D8952A9497CDocuSign Envelope ID: B9B08D50-D06D-4C28-AC85-B9D46625B423 

Parish of St Johns Southall 

## **8. TANGIBLE FIXED ASSETS** 


## **9. FIXED ASSET INVESTMENTS** 

|CBF Y<br>CBF G<br>Other<br>10. **DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**<br>Accounts Receivable|<br> <br>|2022<br>2021<br>£<br>£<br>30,297<br>33,741<br>62,812<br>69,953<br>-<br>-|
|---|---|---|
|||93,109<br>103,694|
|||2022<br>2021<br>£<br>£<br>57,628<br>16,626|



## **11. CURRENT ASSET INVESTMENTS** 

|<br>Other|**2022                                  2021**<br>-<br>-<br>-<br>-|
|---|---|




43 | Page 



DocuSign Envelope ID: 7C7E6D7A-FB90-4353-95F5-3D8952A9497CDocuSign Envelope ID: B9B08D50-D06D-4C28-AC85-B9D46625B423 

## Parish of St Johns Southall 

## **12. CASH AT BANK** 


## **13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** 



44 | Page 



DocuSign Envelope ID: 7C7E6D7A-FB90-4353-95F5-3D8952A9497CDocuSign Envelope ID: B9B08D50-D06D-4C28-AC85-B9D46625B423 

Parish of St Johns Southall 

## **14. CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR** 

|Curate's House Mortgage|2022<br>2021<br>£<br>£<br>175,330<br>180,002|
|---|---|
||175,330<br>180,002|



## **15. MOVEMENT IN FUNDS** 



45 | Page 



DocuSign Envelope ID: 7C7E6D7A-FB90-4353-95F5-3D8952A9497CDocuSign Envelope ID: B9B08D50-D06D-4C28-AC85-B9D46625B423 

Parish of St Johns Southall 

## **16. ULTIMATE CONTROLLING PARTY** 

The charity is controlled by the members of the PCC 

## **17. CHURCH WORKERS PENSION FUND (CWPF)** 

St John's Church (Southall Green) PCC (PB2014) CWPF is administered by the Church of England Pensions Board, which holds the CWPF assets separately from those of the Employer and other participating employers. 

CWPF has two sections: 

1. the Defined Benefits Scheme 

2. the Pension Builder Scheme, which has two subsections; 

a. a deferred annuity section known as Pension Builder Classic, and, 

b. a cash balance section known as Pension Builder 2014. 

Pension Builder Scheme 

Both sections of the Pension Builder Scheme are classed as defined benefit schemes. 

Pension Builder Classic provides a pension, accumulated from contributions paid and converted into a deferred annuity during employment based on terms set and reviewed by the Church of England Pensions Board from time to time. Discretionary increases may also be added, depending on investment returns and other factors. 

Pension Builder 2014 is a cash balance scheme that provides a lump sum which members use to provide benefits at retirement. Pension contributions are recorded in an account for each member. Discretionary bonuses may be added before retirement, depending on investment returns and other factors. The account, plus any bonuses declared is payable, unreduced, from age 65. 

There is no sub-division of assets between employers in each section of the Pension Builder Scheme. The scheme is considered to be a multi-employer scheme as described in Section 28 of FRS 102. This is because it is not possible to attribute the Pension Builder Scheme’s assets and liabilities to specific employers and means that contributions are accounted for as if the Scheme were a defined contribution scheme. The pensions costs charged to the SoFA in the year are the contributions payable (2022: £2,139 2021: £2,339). 

A valuation of the Pension Builder Scheme is carried out once every three years. The most recent valuation was carried out as at 31 December 2019. The next valuation is due as at 31 December 2022. 

For the Pension Builder Classic section, the valuation revealed a deficit of £4.8m on the ongoing assumptions used. At the most recent annual review, the Board chose to grant a discretionary bonus of 3% following improvements in the funding position over 2021. There is no requirement for deficit payments at the current time. 

For the Pension Builder 2014 section, the valuation revealed a surplus of £5.5m on the ongoing assumptions used. There is no requirement for deficit payments at the current time. 

The legal structure of the scheme is such that if another employer fails, EMPLOYER could become responsible for paying a share of the failed employer’s pension liabilities. 


46 | Page 



DocuSign Envelope ID: 7C7E6D7A-FB90-4353-95F5-3D8952A9497CDocuSign Envelope ID: B9B08D50-D06D-4C28-AC85-B9D46625B423 

## Parish of St Johns Southall 

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022 



47 | Page 



DocuSign Envelope ID: 7C7E6D7A-FB90-4353-95F5-3D8952A9497CDocuSign Envelope ID: B9B08D50-D06D-4C28-AC85-B9D46625B423 

## Parish of St Johns Southall 

DETAILED STATEMENT OF FINANCIAL ACTIVITIES - Continued FOR THE YEAR ENDED 31 DECEMBER 2022 



48 | Page 



DocuSign Envelope ID: 7C7E6D7A-FB90-4353-95F5-3D8952A9497CDocuSign Envelope ID: B9B08D50-D06D-4C28-AC85-B9D46625B423 

Parish of St Johns Southall 

## DETAILED STATEMENT OF FINANCIAL ACTIVITIES - Continued 

FOR THE YEAR ENDED 31 DECEMBER 2022 



49 | Page