2021-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of St.john The Baptist Loughton

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Independent Examiners Report

To the PCC of St John the Baptist with St Nicholas

(“Regulations”) and s.43 of the Charities Act 1993 ( “the Act”)

requirement of the Regulation and s43(2) of the Act does not apply.

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

the accounts except for those noted on Page 6

Mr John Boughton Hon. Auditor 38 Wellfields Loughton, Essex.

LOUGHTON PAROCHIAL CHURCH COUNCIL

St. JOHN THE BAPTIST WITH St. NICHOLAS

ACCOUNTS

YEAR ENDED 31 DECEMBER 2021

Page 3

LOUGHTON PAROCHIAL CHURCH COUNCIL OF ST JOHN THE BAPTIST WITH ST NICHOLAS

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021

STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2021 Notes Incoming Resources Page 5 Fund Raising Functions 1a Dividends and Interest Income from Church Activities 1b Other Income Total Incoming Resources Outgoing Resources Church Activities 2a Fund Raising costs Total resources expended Net Incoming / (Outgoing) resources Gains /(losses) on investments Funds Transfer Net movement of funds Total funds brought forward Total funds carried forward 31 December 2021	Total Unrestricted Designated Restricted Funds Funds Funds Funds 2021 £ £ £ £ 84476 10229 0 94705 422 210 632 41117 41117 0 0
	126015 10229 210 136454
	128267 21531 0 149798 0 0 0 0
	128267 21531 0 149798
	-2252 -11302 210 -13344 2044 2044 9500 -9500 0
	7249 -9258 -9290 -11300
	-15262 68950 229835 283523
	-8014 59692 220545 272223

C Davies Rector

D Read - Churchwarden G Wolfson - Churchwarden J Duffett - Churchwarden

P Northcott- Treasurer

LOUGHTON PAROCHIAL CHURCH COUNCIL OF ST JOHN THE BAPTIST WITH ST NICHOLAS

Page 4

BALANCE SHEET AT 31 DECEMBER 2021

251365 4474	260813 8369	2020 14341 269182
255839 0	269182 0

		283523
		-15270 68950 229843
		283523

LOUGHTON PAROCHIAL CHURCH COUNCIL OF ST JOHN THE BAPTIST WITH ST NICHOLAS

Page 5

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2021

1 Incoming resources a Voluntary Income Planned Giving Collections Income Tax recoverable ( note 2) Legacies Donations & Appeals b Income from Church Activities Church & Church Hall Lettings Functions Fees from Weddings etc 2 Outgoing Resources a Church Activities Charitable Giving: Bishops Lent Appeal Christian Soilidarity Haven house Donations Ministry Costs Diocesan parish contribution Other clergy costs Wages & salaries Church running expenses Church Maintenance Upkeep of Churchyard Church hall running costs	Total Total Unrestricted Designated Restriced Funds Funds Funds Funds Funds 2021 2020 £ £ £ £ £ 51519 51519 47373 6551 6551 6005 4664 4664 11556 0 0 500 21743 10229 31972 9083
	84476 10229 0 94705 74517
	33807 33807 25292 -200 -200 0 7510 7510 6740
	41117 0 0 41117 32032
	115 105 127
	0 0 0 0 347 82488 82488 83350 517 517 1218 12474 12474 10797 20763 21531 42294 20487 1493 1493 6991 5138 5138 8451 5393 5393 14898
	128267 21531 0 149798 146538

LOUGHTON PAROCHIAL CHURCH COUNCIL OF ST JOHN THE BAPTIST WITH ST NICHOLAS NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 DECEMBER 2021 Statement of funds Bal b/fwd 1-Jan-21 Income Unrestricted funds St Johns, St Nicholas & Church Hall General Fund -15262 126015 -15262 126015 Designated funds St Johns & St Nicholas Special purposes fund 42943 Debden Estate 4782 7000 St Johns Musisc Fund (Note 1) 3657 3049 St Johns Bells Fund 3228 180 Church Hall Capital fund 14340 68950 10229 Restricted funds St Johns & St Nicholas General Fund 0 St Johns & St Nicholas Special Purposes fund 25342 177 Capital fund - St Johns 155090 29 Howard fund - St Johns 7509 5 Whittakers Foundation capital fund 41893 229834 211	LOUGHTON PAROCHIAL CHURCH COUNCIL OF ST JOHN THE BAPTIST WITH ST NICHOLAS NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 DECEMBER 2021 Statement of funds Bal b/fwd 1-Jan-21 Income Unrestricted funds St Johns, St Nicholas & Church Hall General Fund -15262 126015 -15262 126015 Designated funds St Johns & St Nicholas Special purposes fund 42943 Debden Estate 4782 7000 St Johns Musisc Fund (Note 1) 3657 3049 St Johns Bells Fund 3228 180 Church Hall Capital fund 14340 68950 10229 Restricted funds St Johns & St Nicholas General Fund 0 St Johns & St Nicholas Special Purposes fund 25342 177 Capital fund - St Johns 155090 29 Howard fund - St Johns 7509 5 Whittakers Foundation capital fund 41893 229834 211	Page 6 Transfers, other gains Bal c/fwd Expenditure & losses 31-Dec-21 -128267 9500 -8014	Page 6 Transfers, other gains Bal c/fwd Expenditure & losses 31-Dec-21 -128267 9500 -8014	Page 6 Transfers, other gains Bal c/fwd Expenditure & losses 31-Dec-21 -128267 9500 -8014
				-8014
-15262	126015	-128267	9500	-8014
42943 4782 3657 3228 14340	7000 3049 180	-19371 -2160	2044	42943 -7589 4546 3408 16384
68950	10229	-21531	2044	59692
0 25342 155090 7509 41893	177 29 5		-9500	0 16019 155119 7514 41893
229834	211	0	-9500	220545

ACCOUNTING POLICIES

Income and Expenditure

All Income and expenditure is recognised when received and paid. Rentals, dividends and investment income is recognised when received.

Fixed assets and Investments.

Consecrated and beneficial property is excluded from the accounts by S96 (2)(a) of the Charities Act 1993.

No value is placed on Church or Hall furnishings, all expenditure whether maintenance or improvement is written off as incurred.

All investments are valued at market value as at 31 December 2021

NOTES TO THE ACCOUNTS

Included in Choir expenditure within St Johns Church are payments to the Music Fund. In previous years these payments were to the organist, however these are now waived by him and are credited to the Music fund which is used to finance musical activities at the Church.
The impact of COVID lockdowns has continued to have a sigmificant effect on income and is largely responsible for then deficit on General fund which has largely been offset by the transfer of £9500 (2020 £30800) from special purposes fund in addition to the surpluses generated on Hall lettings. It seems unlikely that the deficit on General Fund will be recovered through normal activities

of the Church and a further tranfer of funds from designated funds in the future may be required