2023-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of St John The Baptist With Christ Church, Hoxton(diocese Of London)

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Table ofcontents			2
Introduction 8 Administrative		Information	3
Structure, Governance	&Management		3
Related Trust & Companies			3
Administrative Details			4
Council Members 2023			5
Officers IRoles			5
Council Members' Report			6
Vision Statement			6
Mission Statement			6
Values			6
Electoral Roll Report			7
Hackney Deanery Synod Report			7
Vicar's Introduction			8
Worship God			9
Share Jesus			11
Transform Hoxton			12
Leadership &Administration			13
Safeguarding Report			14
PCC Treasurer Report			15
Building &Premises			15
¹LoveHoxton			16
Concluding Remarks			17
Financial Review			17
Reserves Policy			17
Pensions Policy			18
Statement ofPCC Members		Responsibilities	19
Independent Examiners	Report		20
Financial Statements			21

					Unrestricted	Restricted	Total	Total
					funds	funds	2023	2022
				Notes	6	E	6	6
INCOME
Donations and legacies					114,967	25,192	140,159	113,706
Charitable activities					101,155	-	101,155	88,205
Trading activities					545	1,300	1,845	3,026
Grants					45,528	250	45,778	38,194
Investments					231	106	337	77
Other income					18,232	-	18,232	23,806
Management rvrmpany					95,708		95,708	118,422
Total income					376,366	26,848	403,214	385,436
EXPENDITURE
Charitable activities					358,201	27,928	386,129	390,934
Management company					79,160		79,160	16,117
Total espenditum					437,361	27,928	465,289	407,051
NET (EXPENDITURE)IINCOME			BEFORETRANSFERS		(60,995)	(1,080)	(62,075)	(21,615)
Transfers between	funds				2,787	(2,787)
NETISOVEMENTIN		FUNDS			(58,208)	(3,867)	(62,075)	(21,615)
FUND BALANCES	AT 1 JANUARY 2023				51,959	19,363	71,322	92,937
FUND BALANCES	AT 31 DECEMBER2023			14	6,249)	15,496	9,247	71,322

				Group		Charity
				2023	2022	2023	2022
			Notes	6	6	8	8
FIXEDASSETS
Investments						10	10
Tangible assets				9,212	9,584	9,212	9,584
				9,212	9,584	9,222	9,594
CURRENTASSETS
Debtors			10	15,022	19,273	16,236	14,245
Cash at bank and	m	hand		32,336	53,088	32,092	51,200
				47,358	72,361	48,328	65,445
CREDITORS: amounts		falling
due within one year:			11	(22,925)	(10,623)	16,453	3,717)
NET CURRENT ASSETS				24,433	61,738	31,875	61,728
TOTAL ASSETSLESS		CURRENT LIABILITIES		33,645	71,322	41,097	71,322
CREDITORS DUE IN	MORE THAN ONE YEAR		12	(24,398)		(24,398)
NET ASSETS				9,247	71,322	16,699	71,322
FUNDS			13-14
Unrestricted:
Designated				4,540	42,346	4,540	42,346
Other unrestricted				(10,789)	9,613	(3,337)	9,613
				(6,249)	51,959	1,203	51,959
Restricted				15,496	19,363	15,496	19,363
TOTALFUNDS				9,247	71,322	16,699	71,322

						2023	2022
					Notes	f	f
	NET CASH FLOW	PROVIDED SYOPERATING ACTIVITIES			I	(19,210)	(24,981)
	CASH FLOWS FROM INVESTING ACTIVITIES
	Interest received					337	77
	Purchase of0ixed assets					(1,079)	(8,102)
	NET CASH FLOW					(20,752)	(33,006)
						2023	2022
						f	f
	Cash at the end ofthe year				2	32,336	53,088
	Cash at start ofthe	year				53,088	86,094
	(Decrease)/increase	in cash	in the year			(20,752)	(33,006
	NOTES TO THE	CASHFLOW STATEMENT FOR THE YEAR ENDED 31				DECEMBER2023
1	RECONCILIATION	OF NET	MOVEMENT	IN FUNDS TO NET CASH	FLOW FROM OPERATING ACTIVITIES
						2023	2022
						f	f
	Net movement in funds for the year					(62,075)	(21,615)
	Dividends and interest received					(337)	(77)
	Depreciation					2,251	1,875
	(Increase)/Decrease	in debtors				4,251	1,862
	Increase/(decrease)	in creditors				36,700	(7,026)
	Net cash flaw from operating		activities			(19,210)	(24,981)
2	ANALYSIS OF CASH AND CASH EQUIVALENTS
						2023	2022
						f	f
	Cash at bank and m hand					32,336	53,088
						32,336	53,088

INCOME				Unrestricted	Restricted	Total	Total
				funds	funds	2023	2022
DONATIONS AND LEGACIES				6	6	6	6
planned giving.
Gift Aided				75,724		75724	58,421
Non gift aid				2,184		2,184	13,163
Tax recovery				19,177		19177	15223
				97,085		g7 085	86,807
Other givmg:
One oifgiving				5,026	320	5346	1,214
Collections				4,176	20,216	24,3g4	12,962
special appeals	and collections				1,040	8Bg6	8,582
Tax recovery				3 123	3,616	8739	4,141
				17,882	25,192	43,074	26,899
Total donations	and legacies			114,967	25,192	140,159	113,706
ASSET BASED	INCOME
Church car parking				21,035		21,035	15,539
Live at St John's							2,530
Premises rental				80,120		80,120	70,136
				101,155		101,155	88,205
TRADING ACTIVITIES
Balanced life events							326
Traded services				545	1,300	1,845	2,700
				545	1,300	1,845	3,026
GRANTS
Grants				45,528	250	45,778	38,194
INVESTMENTS
Interest				231	106	337	77
OTHER INCOME
PCC fees				533		533	469
VAT recoverable				4,492		4,492	4,737
Miscellaneous income (including		insurance	claims)	13,207		13,207	18,600
				18,232		18,232	23,806
StJohn's Hoxton Management		Company		95,708		95,708	118,422
TOTAL INCOME				376,366	26,848	403,214	385,436

EXPENDITURE				Unrestricted	Restricted	Total	Total
				funds	funds	2023	2022
CHARITABLE ACTIVITIES
Grants and donations
Holiday bursary	fund	payments		43	16,204	16,247	9,587
PCC grants and	donations - mission			1,910	250	2,160	13,349
Vicar's discretionary donations							1,336
Benevolent fund				3,479	6,182	9,661	981
				5,432	22,636	28,066	25,253
Common Fund	Overhead			68,270		68,270	78,000
Bugding and pmmises costs
Church gardens				4,158		4,158	1,625
Church maintenance		and supplies		33,128		33,128	17,015
Church major redevelopment			and repairs	14,304		14,304	8,342
Insurance				7,184		7,184	6,601
Cleaning supplies	and	consumables		1,015		1,015	238
Depreciation				2,251		2,251	1,875
Facilities furniture	and	equipment		10,296	45	10,341	2,507
Other PCC property costs							64
Utilities				17,681	91	17,772	14,299
				90,017	136	90,153	52,566
Mission and ministry
CAP debt centre	costs						2,475
Children's work resources				1,203	53	1,256	1,448
Clergy expenses	and	training		1,787	12	1,799	5,094
Curate accommodation				14,447		14,447	8,527
Community organising				1,463		1,463	1,002
Evangelism and	discipleship			655	-	655	625
Hospitality and cafe supplies				6,265	87	6,352	5,431
Missions projects				11,364	2,371	13,735	4,476
Interns							1,505
Payroll and recruitment		costs		1,521		1,521	6,682
Publicity				221		221
Live at St John's							2,566
Services resources				1,783	-	1,783	808
Special Events				202	90	292	909
Website							61
Worship and AV				2,567		2,567	1,866
Youth Work				1,960	350	2,310	2,011
				45,438	2,963	48,401	45,688
Office and administration
Communication				2,186	114	2,300	2,779
Fundraising				1,428	344	1,772	1,605
ITequipment and licenses				2,161		2,161	2,178
Legal and professional		fees					1,472
Accountancy				2,698		2,898	2,772
Cugce equipment	and	stationery		1,386		1,386	1,276
Stafftraining				2,405	35	2,440	7,066
				12,464	493	12,957	19,148

EXPENDITURE (continued)	EXPENDITURE (continued)		Unrestricted	Restricted	Total	Total
			funds	funds	2023	2022
			E	E
Wages and salaries
Ministry leam			50,509	1,700	526209	74,177
Operational	team		82,034	-	82.034	74,089
Bnployms	Nl		2,472		2,472	3,379
BTlployem	pellsloll		1,565	-	1,565	4,034
			136,580	1,700	138,280	155,679
St John's	Noxton Management	Company	79,160		79,160	30,717
TOTAL EXPENDITURE			437,361	27,928	465,289	407,051

								2023		2022
								8		6
	Turnover							95,708		118,422
	Expenses							(103,160)		(60,716)
	Taxation
	Net profit							(7,452)
	Dividend	paid to		St John's	Hoxton					(5t,6M)
								(7,452)		6,638
8	TANGIBLE ASSETS
							Property	PAfAV	Shipping
	Group I Charity						improvements	equipment	container	Total
							8		8	6
	COST
	At beginning	of	year				8,102	4,222	2,040	14,364
	Additions							1,879		1,879
	Disposals
	At end ofyear						8,102	6,101	2,040	16,243
	DEPRECIATION
	At beginning	of	year				623	2,865	1,292	4,780
	Charge for year						623	1,220	408	2,251
	Disposals
	At end ofyear						1,246	4,085	1,700	7,031
	NET BOOK	VALUE
	At end ofyear						6,856	2,016	340	9,212
	At beginning	of	year				7,479	1,357	748	9,584
9	FIXEDASSET		INVESTMENTS
	Charity								Investment
									in subsidiary
									undertakings	Total
	Cost or market		value	ofinvestments		at I January 2023			10	10
	Gain on revaluation			of investment		assets
	Cost or market		value	ofinvestments		at 31 December 2023			10	10

10	DEBTORS			Group		Charity
				2023	2022	2023	2022
				6	f	6	6
	Gift aid tax recoverable			3,555	1,095	3,555	1,895
	Prepayments and accrued income			1,222	1,148	1,222	1,148
	Other debtors			10,245	16,230	3,843	5,034
	Amounts due from subsidiary		undertaking			7,616	6,168
				15,022	19,273	16,236	14,245
11	CREDITORS: amounts	falling	due within one year	Group		Charity
				2023	2022	2023	2022
				0	f	0	6
	Trade creditors			8,559	1,383	6,999	1,383
	Loans payable			6,652		6,652
	FAYE/NI			882	414	882	414
	VAT			4,112	6,106
	Accruals and defensd	income		2,720	2,720	1,920	1,920
				22,925	10,623	16,453	3,717
12	CREDITORS'. amounts	falling	due in more than one year	Group		Charity
				2023	2022	2023	2022
				0	E	K	6
	Loans payable			24,398		24,390
				24,398		24,398

MOVEMENT IN FUNDS	MOVEMENT IN FUNDS		Balance at			Transfers	Balance at
			1January			between	31December
			2023	Income	Expenditure	funds	2823
			8	f	5	6	6
Restricted funds
¹Love Hoxton Project			8,732	226	(2)		8,956
Holiday bursary fund			2,834	18,139	(16,807)	(2,834)	1,332
Digital inclusion campaign			1,000		(1,000)
Len and Eve Dye memorial			172		(172)
Benevolentfund			4,690	6,833	(6,315)		5,208
Children's Ministry				1,550	(1,550)
Youth Ministry			1,935	100	(2,082)	47
			19,363	26,848	(27,928	2,787	15,496
Designated funds
Free reserves			40,000			(40,000)
Vicarage maintenance			2,346			2,194	4,540
			42,346			(37,806)	4,540
Other unrestricted	funds
St John's Hoxton PCC			9,613	280,658	(358,201)	64,593	(3,337)
St John's Hoxton Management		Company		95,708	(79,160)	(24,000)	(7,452)
			9,613	376,366	437,361	40,593	10,789
Total funds			71,322	403,214	465,289		9,247

Group	Group
Fund balances as at 31 December 2023 are represented		by;			Other
			Restricted	Designated	unrestricted	Total
			funds	funds	funds	2022
			E	E	E	E
Tangible	fixed assets				9,212	9,212
Current	asseh		15,496	4,540	27,322	47,358
Current	liabilities				(22,925)	(22,925)
Non current liabilities					(24,398)	(24,398)
			15,496	4,540	(10,789)	9,247


Fund ba	lances as at 31 December 2022 are represented	by:			Other
			Restricted	Designated	unrestricted	Total
			funds	funds	funds	2022
			E	E	E	E
Tangible	fixed assets				9,584	9,584
Current	assets		19,363	42,346	10,652	72,361
Current	liabilities				(10,623)	(10,623)
			19,363	42,346	9,613	71,322
Charity
Fund balances as at 31 December 2023 are represented		by:			Other
			Restricted	Designated	unrestricted	Total
			funds	funds	funds	2022
			E	E		E
Tangible	fixed assets				9,212	9,212
Fixed easel investment					10	10
Current	asseh		15,496	4,540	28,292	48,328
Current	liabilities				(16,453)	(16,453)
Non current liabilities					(24,398)	(24,398)
			15,496	4,540	(3,337)	16,699

Fund balances as at31 December 2022 are represented	Fund balances as at31 December 2022 are represented			Other
		Restricted	Designated	unrestricted	Total
		funds	funds	funds	2021
		E	E	E	E
Tangible	fixed assets			9584	9584
Fixed asset investment				10	10
Current	assets	19,363	42,346	3,736	65,445
Current	liabilities			(3,717)	(3,717)
		19,363	42,346	9,613	71,322

Below are summarised
	Total	Total
	2023	2022
INCOME
Donations and legacies	140,159	113,706
Charitable activities	113,155	106,205
Trading activities	13,845	15,026
Grants	45,778	38,194
Investments	337	51,745
Other income	18,232	23,806
Total income	331,506	348,682
EXPENDITURE
Charitable adivities	386,129	376,334
Total expenditure	386,129	376,334
NET INCOMEI(EXPENDITURE)	(54,623)	(27,652)

				Unrestricted	Restricted	Total
				funds	funds	2022
				f	6	6
INCOME
Donations and legacies				90,121	23,585	113,706
Charitable adivities				86,205		88,205
Trading activities				426	2,600	3,026
Grants				29,066	9,128	38,194
Investments				77		77
Other income				23,806		23,806
St John's Hoxton Management		Company	Limited	118,422		118,422
Total income				350,123	35,313	385,436
EXPENDITURE
Charitable activities				346,037	30,297	376,334
Management company				30,717		30,717
Total expenditure				376,754	30,297	407,051
NET INCOISE BEFORETRANSFERS				(26,631)	5,016	(21,615)
Transfers between	funds
NET MOVEMENT	IN FUNDS			(26,631)	5,016	(21,615)
FUND BALANCES	AT 1 JANUARY 2022			78,590	14,347	92,937
FUND BALANCES	AT 31 DECEMBER2022			51,959	19,363	71,322

COMPARATIVE	MO	VEMENT	IN FUNDS
				Balance at			Transfers	Balance at
				1 January			between	31December
				2022	Income	Expenditure	funds	2022
				f	f	f	f	f
Restricted funds
¹Love Hoxton				8,321	411			8,732
CAP debt centre/LYN		project		914		(914)
Holiday Bursary	Fund			2,834	13,539	(13,539)		2,834
Digital inclusion	campaign			1,000				1,000
Len and Eve Dye memorial				172				172
Benevolent fund				1,106	9,635	(6,051)		4,690
Chrldren's Ministry					3,300	(3,300)
Youth Ministry					8,428	(6,493)		1,935
				14,347	35,313	(30,297		19,363
Designated funds
Free reserves				40,000				40,000
Vicarage maintenance				2,346				2,346
				42,346				42,346
Other unrestricted		funds
StJohn's Hoxton				41,482	231,701	(346,037)	82,467	9,613
StJohn's Hoxton	Management		Company	(5,238)	118,422	(30,717)	(82,467)
				36,244	350,123	(376,754)		9,613
Total funds				92,937	385,436	(407,051)		71,322