CHARrrY NUMBER 1142425 PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY AT LATTON, HARLOW 1ST PAARY AT LArroN PCC. HARLOWI REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEMBER 2022 ST MARY AT LA￿ON PCC, HARLOW Rgport and Flnanclal Statements the year gndgd 31 December 2022 Contènts Trustees, Report Statement of TrtJsto89 r•sponsibHibes Inde￿nd$￿t Ex•min•fs Report Slaiemenl of Finanaal ActI￿lIeS Stat•mont of AsBels and Llobiliti85 Notes to the Fln8nd81 Sta18ments ST MARY AT L4Th0N PCC. HARLOW Trustses. Report forth? year endgd 31 December 2022 Chairman tce Chairman R￿d Lynn Hury, Incumtwl Mrs Lois Pannell Ex Offioo Trust88S . Revd Lynn Hurry, Incajmbent Rovd Maknfm Green, Associatè Prle8t Mr Pl$r8 NorthBm. LLM, Diocesan Syncor4Rts'ng with the incumbent in pffjmoling in the ￿e$l¥S1￿91 p8rish th• whole misston olihe Church- pastoral, evangelical. social and ecumenlcal. 1181s0 has the management and mainten8n¢ts mpon81bllllSeJ for St Mory at Latton Chur¢41 and Churdry¥rd. 8nd ihè Church Hall. Govèm•nco and management Sl Mary at Latton PCC, whose Membe￿h￿p is Shown on page 1 oflhl$ report, distharges its dutles through a number of ￿mMrtteeS that meet betsveen full meetlng8 ofth6 PCG. 1. Standing Committ&e- th1$ c(￿mIttee meets lo d18¢U88 •aend• Itom8 and to befv488n PCC maètings. Its member8hip con8581$ of the In¢umbent, the Churchwardens. tho Socrelary, Ihe Treasurer and on8 dhÈr member ofthg PCC. 2. F&b[￿ Committee (Church & Chvr¢hyar¢Jl- this commrtt•• maots to advise the PCC on Chufch fabrfc matter8. Its memb8rbhlp 0)n￿6￿ ofthe Inojmbpnl. Churthwgtdgn (11 and NYO PCC members. 3. Fabrk Committee (Church HalD- Ihb8 Committèè meets to 8thiso the PCC on Church Hall fabTlc matteryJ. Ils membership con$l$ts ofthts Incumbenl. Chur¢hw8rd•n121 and two PCC memb&r$. 4. Finonco Committee- A committ•• under the chalM8n8hip oflhe Tmsurer. Its m8mber8hlp consists of the Incumbent. the Treasur8r and the Churchwardgns. Church att•nd•nce •nd th• El•ctornl Roll Regular Church attend••s •ré abla to ￿1n the Elethrnl Roll oflhe Porish, only tt18 frryn th8 Elecioral Roll th81 members aro nomlnaled and duly elect&J to the PCC al tho knnual Parod)ial Church Mo8llng (APCMI. The Electoral Roll is rav5sed for each APCM. but every four yeBrs o new Electoral rol918 prcxjuced. Thwe 8rt now 77 people on the Church Ele¢tor81 Rc41. 41 ofwhorn ¥Tr not r¥sldanl in the PariBh. Obl•ctlv¢• #nd •cllvltl•• In pursuan¢X of th• oblectlv8 of promollng In the Ecde8108ll¢al Parfsh the whol& Ml$slon oftho Church, our advllleB Indudg.. Regular Publ￿ worship open to all., The provision of sacred space for F•rsonal prayer and nlemplath'on.. P8sIofal work, induding wsiling the 5￿k and the tereaved,. Teachlng of Chris￿on through s•rmons. courses and sm811 groups., Toking of rell9lou$ 8$semb118s Sn schools.. Th$ provision of ¥ youth elub with a Christian ￿h08,. PromotSng th& whole Mis*on of Church through the provis￿n of activities for senior dt￿en8, paren15 and loddl&rs. and olher speri81 neeil 9foLtps Induding those w41h dements'a.. Supporling other ch8rlllg8 in UK and overgeo8. ST IAARY AT LA￿ON PCC. HARLOW Trusts8's Report For th• y•ar ended 31 D•¢¢mb•r 2022 Icontdl R•vl•w of th• Year Revl•w of our Actlvliie We are an 8clivo, open and welcomlng Church ￿thIn ihg Church of Engl￿T￿ and take very 8eriou61y our commitment io Mission. Through the good govemance of our Porochlal Churth Council {PCCI we Ère able to support the Iwe oflhe Church hole 81 Latton and in ih? wid•r communlty thal Is our pawl¥h. The reports of our arlNities presented to ourAnnLtal Pa10th￿l Church meetings show dearty how this is achieved They are loo detsil•J to be reproduced here bul copies can be obtained by conlacling the PCC Sec¥etary. Th8 maln fopJ$ tsf ¢urworshSp is our Sunday morning 88Thi•$. although 8orvi¢o8 are held throughout the we¥k. In September 2014. we introduced o See￿nd EuL*8rlsl on 8 Sunday at 11.30am. rnoving thè first servbx lo 10.00. Th5s second Eu¢harisl is spe¢ifi¢alty designed lo appeal to chIld￿n and their families and has been very wall receNed Thè Wadnesday momlng Eucharist also o)ntinv88 to grow gfter whth refreshments are ntyw avall?We. Our Toddler Group continues to grow. There are m8ny Opportun￿05 for Lay Le8dwshlp and Mini8try In these adivili•s and th089 OPPOrtunitie8 are •nlhusf8Stic£lly taken up by momber¥ of our ¢ommunlty. Ourtng 2022 we ￿nI￿nu•d to recov•r from the pond•mlc. We continu& to d8velop dose finks with the tsvo Pllmary Schools In our parf8h through assemblies held in school and Se￿iceS held in Churth. In our Parish our work Yath Ihe elderty plays an important part In our ￿mmUn￿5 Ilfe. Our monthly lunches continue lo exp8nd provldlng a feal oppjrtunity for fellowship for Iho¥e of our communty attendlng. Th¢ over 80.8 group which meet¥ on a weekty basis Is provlng very popubr with numbers 8ttending regul8rly above 40. Adthtlonally, wo work with ottr￿T Churth•s In Haflvw to provlde 8 Holiday Club during h3￿18m$ and sthool hol￿aYS whafe we feed and entertain tsmiliès In need, and, w6 have re&8nty started o Demenlia Friendly coffee mornlng We aro o gonerous communlty supporting a wde variety of Charities, from misgion And relief iitios to 8eculor charsbe$ and includlng charilies for Ih? homeless and dgprivod, and ¥ number olonimal chariti*$ glc.. AppToxim8l•ly 10% of our income direct to the9e ¢h8ri1185. bul thi8 sum ¢Joes not Indud• the 18rge guanWe8 of food donatgd to the Hadow Food Bank. lolletsles and clothing for the homo1•s$ charlkne3 and goods for spery81 #pwals. We COn￿n￿• to support Slreets2Hornes in Iwo w¥ys- by providing a venue {our chyr¢hyardl for Ih annu¥l $leepoul fiJnd ra(81ng 8v8nl, an(1 our church h811 on Friday evenlngs each January for those sleeping rough HarltrM- providing a warni bed and 8 hearty bwkf8St. Also during thè yèar. wè o)nthnued our involvmenl wth Ihe Make Lunth Pfoiect- a naiiMo1 inthalNe d9$or￿ to provide lunched to n••dy famil￿$ during the hollday8 Our Good Nw$ Proleci contlnuo8. The De¥elopm¢nl Fund grew lo £23,081 during 2021 bul Ithle prograss has been madè as a conswuen¢e of the CovNd-19 pandemlc. We wll reslart again in 2023 wrth the aim of Ma￿ng St Mary at Latton a truè Sèjvant ofthg ¢ommunlty In whith ft is 5rtuated. As wrth all churches the Ctr4id-19 p8ndemlc has had a major Impact on worship and outreach. All of our so￿1c0S were moved on-llne u¥ing Zoom sofvare, induding study groups and olh?r social aGtiviti*•. A typical week would ¢ndudè: Sunday Euchari#t 10.W.. Sunday Famlly Se￿1¢0 16.QJ,' Wedne8(lay Momin9 reflection 10.LK): Thur8day L•nt I Study Group 20.00.. Thursday Craft-emc*)n 15.W. All athvibes. servic85 and bu8lrwB m•8lings are now in- person. ST MARY AT LAThON PCC, HARLOW TNstee's Report For the y•ar ended 31 Dacomber 2072 (¢ontdl 2. Roview of our Financ•s We continued the trend of [￿nI years in that the Parish (Generall Fund was again in sufjJlu$ £411} with all the otter Irestsithd) Funds showing healthy baknces. This was achieved agalnst a background of having to eomplete a numb¢r ¢)f urgent work8 in both the Churth and Ihe Church Hall. In tha Church.. d8aling with the aftèrniath of the break-in in NoveTnbèr 2021 other preliminary work$ to addre88 a damp problem. In the Church H811: replacin9 the hot watsr system rnp￿t rebuilding ofthe toil81 IF￿ritIeS indudlng a d￿abknJ loo with baby ehanging farAti￿O8 The overall funds we have avallabte Iwe decreased y¢•r on year. Slgned on behalf of the Trust•os'. ..Chalrnan 2023 ST MARY AT LA￿ON PCC. HARLOW Statement of Trust•05 Responslbilitie¥ Forth• year trnd•d 31 Decembtrr 2022 The Trustees 8fe re5PLmsiblt for preparing anftu￿ report and tho finantsol statements in 8¢¢ordance I￿1h Ihe applicaNe law and United TrQngdom Generdly Accepted A￿OUntIng Pra¢lice. Th8 Tnjstees are responsible for the preparatk)n of the fin8ndaS slaternonls for each finanaal perfod. whlth gNe ¥ tru& and fair view of th& charity's ffinandal activities during the period and of the finanual F¥)Sition al lh• •nd of the period. In preparing Ihoso finanual 8tatemenl¥ the trustees are requlrgd to.. Select sultsble acoounllng pol￿eS 8nd aFq>ty them cy)nsisl8nty. Make ludgemenl$ and estirnate5 whickn are reasonable and prud8nt. Slate whether applicable 8¢￿I￿nting standards and statements of recommended prHdirx have been followed, sublect to any dopartures di5dosed and explained in the finond81 statements. Pr8P8rè lh8 ffinanci81 statements on ¥ golng ccfflcern bas1• unless 1118 inappropriaie lo pro6um• that th¢ thority will continug In operallon Th• Trustees are r88ponslble for keeplng proper acwuntlng records und8r SeC*r￿ 130 Oft￿ Chaiitbes Act 2011 whlch disclose with reasonable accuraw at any limtt th8 finanaal poslllort ofthe tharity and lo enable them to ensure that the financiBI 5tal8ments ￿mplY with fv Choriti8s Act 2011. The TnJslee8 ore also respoftsibl• for 6afegvarding tho 8ss6ts of the th8rity and hence for laklng ￿aSOnabl* 811)p8 for the wevenlion and d8teGknon ol traud and olher irreguknlies. Thè fin4nclal ststemènts hav• been prèparnd in 8c£ord8neJJ wlth Ihe Slat8monl$ of Recomm8nded Accwnltng PrBcaicA'. A¢￿Unting and Rewllng by Chaiities {SORP FRSSE 20151, UK Acc£)unllno Stsndards and the Chadtles Aca 2011. ST MARY AT LA￿ON PCC. HARLOW Indgpendent Examin*s Reportto the PCG For the y•ar ended 31 Docamber 2022 This ￿Port on the ￿OUnts of the St IAary 81 Latton PCC for the ￿r endwj 31st D￿ernber 2022. which are s•t out on pages 7 to 10 is in respert ol the examination wted oth In actrjrdancè with the Church Accounling RegUl￿ky￿ 2(KJ6 and s.145 of Ihe Chatibes A(* 2011. Ro•po¢ttv• T••poMlblllth• of fft￿ and th• Examlnor AB the members of th? St Mary at Latton PCC you afe r88p¢)n81tr18 for thB preparalion of th8 accounts.. you Ixjnsider that the audtt requirenwtt oflhe Ragulalions 8TrJ seth.on 144121 of the charfts.es Acl 2011 (the Act) do not appty. It Is my resp(￿81b11ty to issue this roport thoso accounts in ac£ordance wlth the terns ofthe Rtgulattons. B•$l8 of IDd•p•nthnt Examlrnrfs R•port My examinallon was ￿rried out tn a(￿rd￿n￿WIth the G8n8r81 DIT•dlcTh gtvgn by the Charriy Commlsslon und8r section 14515llbl ofth8 Act and to b8 found In the Chuth GuldanGe, 2￿6 edllion. Issued by the A￿*￿•￿0p￿, Coundl. Th81 •xamlnaUM Includ•$ a rsvlew of the 8coJunting rocord8 kept by tha P.C.C. and a cyJmp8dson ofthe ar￿unts wltti those rècords. 11 also Indud•s conBid8ring 8ny unusual Kem$ or diK4osuTeg in the a￿OUnts and 8eeklrvJ expla￿lI0n5 from you as trust888 conc*mlng ny such mattg15. The procodure8 und•rt8ken do provid• all tho ￿denc8 that￿￿￿Id be requlTed in aLKlIt. and l (k) not oxpre56 8n a￿rrt ¢fJinion ¢)n the v*w 9fvon ty the accounts. Indepondont ExamIn￿l Slatom•nt In connothn wlth my ￿mInation, no matter hag to my attention.. 11 whlch ghes mt rea8on8bt¢ c¥us8 to b•llove th•t In any matwial respect th? roqulrbmonts to keep aGcounVng retrJrds In acC0T(lar￿ Ylth sactlon 130 of th• A¢¢ 8nd lo propare 8ccount8 wNch gc4>)rd w6th 11* ac￿unI1[¥j rnGord8 and to wlth th• requimwts ofth& Ad. 8ryJ1he Regula16on¥ have not b8•n rntiL or to vthkh, in my oplnton, attentlon should ￿ drawn in orderto enablo o t¥opor under6tandlng of tho aC￿un￿ lo be reach￿. 11 2023 Mr Steve Webster Bsc Dlp BKLI 88 Pilkinglons Churth Langley Hartow Essex CM17 wfH ST PIARY AT LAThON PCC, HARLOW Staternent OT Finaneial Activiiies For tho ygar anded 31 Dec•mbgr 2022 FuThJs Psthh 2022 2021 Totsl Fame Organ Fb*r Ch ￿￿1 Total cnurch INCOMING RESOURCES P*n￿d Gmng Cty4wwnts Inc4Jme Tox R￿vered 49.003 12.787 12,OB7 12.097 & Churth Box MIÉC. GMi& t)cffj8llon• Othèrvduttsry In¢¢m• Mls&on s￿81 Cdl*th Ilk4ry IrK Feos 1,463 388 531 11.812 412 8217 412 8217 291 2,651 1,187 1.167 1.197 Hill Incoff• Fund Ral*r4J Otsi ¢Jrdin¥y I￿￿nI 3.ogj 4.9 1,470 15,T13 10,214 791 27,SBJ 103 Tor￿ INCOME 80,570 11.J36 10.294 791 103.193 gS,559 OUTGOING RE8QVRCE8 Gmr Grant81 Ch•rttyCdWoM DIErrnUon•ry Fund Mlnlstsy Diocwn Clerqy ￿enseS Serviceu Soctrdty & Chlldr•n &YtyJth Contacl 329J 7,988 329$ 3,090 2.954 55,5fp) 897 5,133 55,J 723 5,133 Chur¢h Runnlno EXp￿￿E G•)oral MalniwY ChutEhyw Hall Runnln9 EXFW G￿ra1 Maln1￿ Admknlstra 11.046 A.79g 363 20884 9.J14 3.085 3,aa5 3.891 Fwd Cos 84 TOTAL WENDMJRE 108.1W2 100276 91,075 NET INCOMEI EXPENDrruRE .270# IIA38 1Q394 791 Tr¥￿1•r• FundB 28.718 -9288 .ie03 74 -11.901 N￿MovEmENT IN FUNDS 22 -10 4A83 3ALANCESkn Lq$t 1,317 12,015 11.479 10 2,794 23.Ll81 47.824 BALANCES 8131 D•c•rnt 14m 5.876 23M72 47224 52.307 ST MARY AT LAThON PCC. HARLOW Statemant of Assèts and Llabllities As at 31 December 2022 2022 2021 Note CURRENT ASSET5 Cash at 8onk'. Reserve AcDJunt Current Account 40.651 46,861 41,651 47,861 Ad(t DEBTORS Doblo 6.739 7,500 L•** CURRENT LIABIUTIES Cr•dltors (Duo ￿thIn on• y•arl Cr¢dllof8 (Over on• yearl 570 ,054 NET CURRENT AS8ErJ 47,224 52,307 TOTAL NET ASSETS 47,224 52,307 Ropra8ènled by: FUNDS Unr•$tdcted P•rl$h 411 1,317 411 1,317 Re¥tri¢t¥d Fabrfc Organ Church Hall Malntenen¢e Church Rederyjratlon Church Developmont M¢)w•r 14,272 5,876 12.019 11,479 7,608 2.794 23.081 10 23.872 48.813 50.990 TOTAL FUNDS 47,224 52.30r These Fina on the 06 tements were approved by the St Mary at Latton P8rothiat Churth Council 2023 and signed on their bEhaff by.. Chalrnwn ..VJco Chaimian Hon Tr88surer The notes on pages 9 to 10 fomi part ofth850 A￿o￿nts. ST MARY AT LArroN PCC. HARLOW Nots# to th• Flnancial Ststements Forthe year ended 31 December 2022 Pr]nclpl• Accounllng Pollcl•s The Financial Statements hav8 been wepared In a¢xord8nre with the Church Acc4Junting Regulatior 2Cth log8lh•r with the aP￿Icable Amwnting Standarfs and the Ghar5ties SORP. (g) Basis ofAccounting'. The Financi81 SIAtrments have betn propared on tho historical cost b8si$ 8xc4pt where oth&rwi8g 8tat8d. {bl Incoming R88our¢&$'. Volunlary In￿Me- all vduntary Income, Lmte88 OthetW8e staknj, is re¢ogni8ed when recefved by or on behaw ofthè PCC Income lax recoverable on covenan18 and gift 8td don8llon$ is acttJunt8d when repayabl In￿me from ¢h¥ritable fjnd ancillary Iradlng18 *eC£•unted for 9$ du• Bank Interest and Divldendg. re￿1V¥d gross. are aceout*•d for when I￿1¥a)le. (cl Re$ourco5 Used.. All expenditurg IN r•corded on the a¢¢rtAI b88t8 and ac¢oun¢¢d lor as •xperKliiure du• or Idl Flxed A88el8 Consecraled and b•n•fice(S prop8rty 18 •xchJded from thè Attthinl8 by $.96(2)1•) of tho Charities Act 1993. Exeepl as noted below no value is ￿aCed on moveable church ftJmi5hu)gs held by lh¥ ChLtrchward¢n$ on speclal tru8t lor tha PCC or any othar propety or Invo$tment which requires faculty fordl8rfv￿] or aller811on All c•pllal •quipm•nt18 wfiiten off. al Incufr•d, 08 oxpeThJbture In the Staiom•nt ol FIna￿lI Aet4vlts•s. (el Reserves Poli We try lo rnalntain a reserv• of b•fv4een on8 and three rnonths nomial monthty expendiiure al all times. In 2022 we matJ• 80me fflovtsmont toword$ restorfng thi6 policy foSlowln9 lh• prc&l8m• encounl•red durlng th• provi￿8 thre• y•4rn. t￿1 Ihl8 r•m•lns a WO￿ In pri¥re88. 2. Fund• (81 Parlsh Fund The Parfsh Fund represents th8 Fund8 ofthe PCC that a￿ not 8uble¢t to 8ny r06trktlons regardln9 thelr uae and arg ovaSlable for tho g•n•ral pu￿8¥￿ of th• PCC. Ibl Fabric Fund The Fabric Fund represents those Funds ofthe PCC thot are to be u88d solaty for th8 Purposes of ￿paIr and maintenance ofthe Fabfic of Ihg Church Buikding. (cl Church Hall Maintenartt Fund This is a new Fund, established in Ihg Aulumn of 2010 with an anonymous don81K)n from parishioner, and vitth Ihè 8ole purpo8e of providing funds for fuiura Churth H911 maintsnonc• bllls such 88 r￿SCOratIOn e￿. ST MARY AT LAThON PCC, HARLOW Notss to the Financial Ststsmerts For tm Y￿ren￿l0 31 Docember 2022 {d) Church Redee£sration Fund This Fund. esta￿1Shed in the ALrtumn of 2010 with an 8nonymous donation from a parishioner. wilh the sole purpose of pr￿43d1￿9 fU[￿S for tJbJ¥e red￿ratiOn works in our Church. (fj Organ Fund The Organ Fund rèpresents th088 Fund8 oflhe PCC Ih8t 81e to be used 801oly forlhè purposes of replacement of the electronic ¢)rgan with a F4Pg organ. (9} Flower Fund The FIDwer Fund wpr958nts Ihosa Funds ofth& PCC that are to ￿ used solety forthe purposes ofth8 provision of flowers in Church vthether be for nornal Serv￿8. wedding9. otc.. or for Flower Festivo18. (h} Church Devaloprnent Fund Thls Fund ès1obliBhèd In 2017 brfng8 togèther an th8 co8t8 and the Income assodaled wtth our Good New$ Prolgct. 3. MBSor Fabri¢ oxpon8•s durfng th• y••r There were no major A¢m• of •xp•ndlfvr• Inwrr•d durfr41 the year -1