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2021-12-31-accounts

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WEST HAM Annual Report and Accounts 31 December 2021

Page
Legal and administrative information 2
Report of the Parochial Church Council 3
Independent Examiner's report to the Parochial Church Council 7
Statement of financial activities 8
Balance sheet 9
Notes to the financial statements 10

1

LEGAL & ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2021

CHARITY NAME The Parochial Church Council of the Ecclesiastical Parish of West Ham (also known as The Parochial Church Council of the Ecclesiastical Parish of West Ham (also known as The Parochial Church Council of the Ecclesiastical Parish of West Ham (also known as
All Saint’s West Ham)
CHARITY NUMBER 1159466
CORRESPONDENCE West Ham Parish Church of All Saints
ADDRESS Church Street
London E15 3HU
GOVERNING Parochial Church Council Powers Measure (1956) as amended and Church
DOCUMENT Representation Rules.
OBJECTIVES The PCC has the responsibility of cooperating with the incumbent in promoting in the
ecclesiastical parish the whole mission of the church, pastoral, evangelistic, social and
ecumenical.
PCC MEMBERS Members of the Parish Church Council (PCC) who served from 1 January 2021 to 31
December 2021:
Rev’d A Gordon Rector (appointed 18.10.20)
Rev’d S Nicholls Associate Priest (appointed 18.10.20)
Mrs P Ohuruogu Warden
Mrs Z Sandy Warden
Mr M Serwadda Warden
Mrs E Rayner Deanery Synod Rep (appointed 18.10.20)
Mrs L Malcolm Deanery Synod Rep
Mr J Famuyiwa
Mrs R Umesi
Mrs S Cave Secretary
Ms K Humphrey
Ms J Hazeley
Ms S Raine Lay Chair
Mr R Reid Deputy Lay Chair
PRIMARY BANKERS NatWest plc
INDEPENDENT John Helm ACA
EXAMINER Tandem Accounting
17 Heathville Road
London N19 3AL

The Parochial Church Council of the Parish of West Ham (the “PCC”) submits its report and the financial statements of the PCC for the year ended 31 December 2021. The financial statements have been prepared in the format prescribed by the Statement of Recommended Practice: Accounting and Reporting by Charities (SORP2019 (FRS102)) and the Financial Reporting Standard 102. The legal and administrative information set out earlier in this document forms part of this report.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Objectives and activities of All Saint’s West Ham (ASWH)

All Saint’s West Ham objective is to bring hope to the people of East London, specifically in the Parish of West Ham. We aim to advance the Kingdom of God, introduce people to Jesus and pursue pastoral, evangelistic, educational and social ends.

SAINT

All Saints West Ham belongs to a collaboration of four parishes where the Rev’d Al Gordon is the incumbent of them all. The concept of SAINT is for those parishes to deliver ministry with a collaborative approach to content, excellence and outreach objectives, with support from a central services staff of the Parish of Hackney. Each parish is encouraged to press into the needs of their individual local parish, whilst also displaying the SAINT logo, so that people moving around East London know that the parishes operate with similar standards and values.

Responsibilities of the PCC

The Parochial Church Council (PCC) has the responsibility, with the Rector, of promoting in the parish, the whole mission of the Church, pastoral, evangelistic, social and ecumenical; maintenance, care and upkeep of the church and churchyard; financial responsibilities and duties as Charity Trustees. As a Church of England Parish, the PCC and Clergy to follow the requirements of Church of England Canon Law.

The PCC consists of Clergy, Churchwardens, Diocesan Synod Representatives and Deanery Synod Representatives as ex-officio members and elected lay representatives from the congregation. PCC members are elected at the APCM, having been nominated by people entitled to attend the annual meeting.

At each full meeting, the PCC received reports on Finance, Building and Churchyard, Deanery Synod, Safeguarding and other items as necessary.

Incoming Trustees receive an induction explaining both the trustee and PCC responsibilities. The induction includes a detailed discussion of the vision and objectives of the Charity.

Clergy and Church Staff

The management of the church is overseen by the PCC and delegated to Rev’d Al Gordon. During 2021, the day to day operations of the church were led by Rev’d Simon Nicholls whose main role is to look after the internal ministries and community outreaches of the church. Other clergy in training are Ordinands Farida Matthews and Robin Talbot.

Public Benefit

The PCC members confirm that they have complied with the duty in section 17 of the Charities Act 2011 to have regard to the Charity Commission’s general guidance on public benefit. Public benefit arises principally in the Parish of West Ham Church of All Saints, and further afield, by the provision of Public Worship Services, Worship space and charitable events, open to all, as an expression of the Christian faith.

Safeguarding

The PCC has complied with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016, in relation to having due regard to House of Bishops’ guidance on safeguarding children and vulnerable adults. The PCC has in place a Safeguarding Policy which is reviewed each year and appointed Safeguarding Officers and Children’s Champions. The Policy is displayed in the church and available from the Parish Office.

ACHIEVEMENTS AND PERFORMANCE

Parish electoral roll

There were 147 names on the Electoral Roll at the end of the revision process in 2021.

3

Services and Attendance

At the start of 2021, our congregation met online due to government restrictions cancelling in-person services.

The Church was able to re-open for in-person services in March 2021. Service times were Morning at 10.00am, then a new service launched in October at 4.30pm. The average Sunday attendance at the Church from March through to December 2021 was 61 (2020: was not established due to the pandemic).

Monthly prayer meetings were held centrally through SAINT, as well as weekly prayer meetings online.

Sunday worship is further enriched by the dedication of musicians, readers and choristers throughout both the Covid pandemic and subsequently. The 4.30 informal service launched in October and has been steadily growing over the last months.

We are grateful to all who serve week-in, week-out to make Sundays such a success - that includes the staff team and crews who are so faithful in turning up early, setting up and packing down.

Register of occasional services

In 2021 there was one wedding, five funerals and eight baptisms officiated.

2021 was both a challenging and rewarding year. Beginning with a lockdown, and church online, but moving through to relaunching in-person services and new initiatives, the engagement has significantly improved between the start and end of 2021.

Worship

In March 2021 we relaunched in-person services, with restrictions based on government and Church of England guidance we aimed to reopen as early as possible in order to ensure that people had a place to worship and gather. We adhered to the restrictions, and these eased throughout the year allowing us to get to the point of launching a new afternoon service, as detailed above.

Groups

ASWH launched Groups - an opportunity for people to gather in smaller numbers, to pray, worship and study the bible together. Groups is part of our core objectives to bring people together in the congregational community.

Hey Baby

Hey Baby is our baby group that meets on Monday mornings in the church with the purpose of forming a community in a safe place. Hey Baby was launched in September 2021 and we have seen it continue to grow with many families coming along. Every week we have over 90 children, all under the age of four, attending with their parent, guardian or carer. The feedback has been positive with carers taking to social media to tell other families about it. Some families have also started attending our Sunday services.

Sundays

The Kids ministry on Sundays is also back up and running during our 4.30pm service. Kids ministry has relaunched for a new generation of kids. We have begun to see familiar families returning to church along with the privilege of welcoming many new families who have joined post the lockdowns.

School partnership

ASWH has an excellent and growing partnership with West Ham Church School. We are hosting a weekly worship service in the school with a small team from ASWH leading a song and a reflection on a bible passage. Our children and families pastor has also recently joined the school board of governors, alongside the Ex Officio role taken up by Rev’d Simon Nicholls

Alpha

The Alpha course ran once in 2021 - during the Autumn term. It was a success in that the course ran, to a very high standard and there is a growing team of volunteers who are committed to ensuring that Alpha runs each term.

4

Lighthouse

ASWH provides a space to operate “Lighthouse” every Wednesday within the Nave of the church. Lighthouse is an outreach initiative that provides hot lunches to marginalised and vulnerable people within the community. During the pandemic, Lighthouse also provided an emergency foodbank. ASWH supports the Lighthouse activities through volunteers, provision of facilities and additional pastoral care.

FABRIC AND FACILITIES REPORT

All Saints West Ham church building is in generally good repair, with the latest Quinquennial Report highlighting few items that need immediate attention. Those that do, have been actioned by Rod Deakin.

The Avenons building extension has been used to run our children’s work throughout the latter half of 2021 and subsequently. Having expanded beyond the capacity of that room, we are now using the School building on Sunday afternoons. The Scharf and Lemard rooms are both being set up as multi-use rooms (for offices, pastoral, conference, hire spaces).

There is an ongoing process of looking to develop specific areas of the building - for instance upgrading the Audio Visual system. We currently have a temporary AV solution in, but are working towards a faculty to install this permanently, using the Architects who do the quinquennial report, and designed the Avenons building.

THANKSGIVING

We give thanks to God for all that He gives to us, and for the gift of this parish. We are grateful for all the support from the Church family at All Saints; both in the generosity of individuals in giving towards the vision as well as gifting their time and talents. We are grateful to all who volunteer in a variety of different roles - the choir, other musicians, hospitality and welcome crews, Hey Baby and schools team. We are also thankful for the support of the wider parish, deanery and diocese.

We also want to explicitly express our thanks to the Church Commissioners and the Strategic Development Fund, and the Project Board of the Chelmsford Diocese for their ongoing commitment to the revitalisation of All Saints West Ham.

FINANCIAL REVIEW

Funding

The principal sources of funding are donations from the congregation members, other supporters and grant income. The total amount raised by in this way for the ministries of ASWH in 2021 was £68,684 (2020: £59,107). We are immensely grateful to God and to all those who gave so generously.

Expenditure in support of the key objectives

All expenditure was in support of the key objectives. It is analysed into different church activities in note 3 of the financial statements. Most of the spending meets more than one of the key objectives.

Policy on reserves

PCC policy is to not deliberately build up reserves. Any reserves that may exist result from accumulated giving at any one time. Total unrestricted and undesignated reserves at 31 December 2021 amounted to £12,037 (2020: £22,777).

Risk assessment and mitigation

The risks which the organisation faces have been considered and measures will be implemented to ensure that appropriate systems, policies and procedures are in place to manage and mitigate the risks. Specifically, where there is financial risk this is managed by strong financial systems and controls. These risks, including health and safety and employment, are being mitigated through modern management systems and practices. As a matter of general policy, independent professional advice is taken where appropriate.

Investments

ASWH has investments that are held with CCLA. These investments are held at market value.

5

Grant making policy

The task of deciding how to distribute grants is done by the Rector with reference to the Treasurer. Grants are awarded to organisations, church members and community members based on an evaluation of each case. All giving follows ASWH’s mission policy of the promotion of the Christian gospel in proclamation and social action throughout the world.

SUSTAINABILITY POLICY

ASWH encourages the adoption of sustainable practice in all areas of church life and work, to contribute to the overall reduction in carbon emissions and dealing with the growing evidence for man-made climate change.

PLANS FOR FUTURE PERIODS

The short and medium term plan is to continue with the same objectives and activities in support of them.

PCC TRUSTEE RESPONSIBILITIES

Charity law requires the PCC, the charity trustees, to prepare a statement of financial activities and statement of assets and liabilities for each financial year, which gives a true and fair view of the state of affairs of the church and of its financial activities for that year and adequately distinguishes any material special trust or other restricted fund of the church. In preparing those financial statements the PCC is required to:

The PCC is responsible for keeping proper accounting records which disclose, with reasonable accuracy at any time, the financial position of the church, and to enable them to ensure that the financial statements comply with applicable Accounting Standards and Statements of Recommended Practice and the regulations made under the Charities Act 2011. They are also responsible for safeguarding the assets of the church and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the Trustees and PCC members of All Saints West Ham on 19 May 2022.

Rev’d Al Gordon Priest-in-Charge

Date: 31 October 2022

6

REPORT OF THE INDEPENDENT EXAMINER TO THE PAROCHIAL CHURCH COUNCIL OF THE PARISH OF WEST HAM

I report on the financial statements of The Parish of St Leonard’s Shoreditch for the year ended 31 December 2021, set out on pages 8 to14.

This report is made solely to the Parochial Church Council in accordance with section 145 of the Charities Act 2011 (the Act). My independent examination has been undertaken so that I might state to the Church Council 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 the law, I do not accept responsibility to anyone other than the Trust and the Church Council for my independent examination, for this report, or the opinions I have formed.

RESPECTIVE RESPONSIBILITIES OF CHURCH COUNCIL AND EXAMINER

The Parochial Church Council considers that an audit is not required for this period (under section 144(2) of the Charities Act 2011) and that an independent examination is needed.

It is my responsibility to:

BASIS OF INDEPENDENT EXAMINER’S STATEMENT

My examination was carried out in accordance with General Directions given by the Charity Commissioners. 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 Church Council concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the accounts.

INDEPENDENT EXAMINER’S STATEMENT

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the church as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination.

I have no concerns and 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.

John Helm ACA 26 October 2022

Parochial Church Council of the Ecclesiastical Parish of West Ham Statement of Financial Activities For the year ended 31 December 2021

Unrestricted
Funds
Restricted
Funds
Endowment
Funds
TOTAL
FUNDS 2021
Note
£
£
£
£
INCOME FROM:
Congregation Giving
2(a)
22,042
-
-
22,042
Charitable Activities
2(b)
501
-
-
501
Other Trading Income
2(c)
48,767
-
-
48,767
Investment Income
2(d)
34
-
3,288
3,322
Other Income
2(e)
3,394
-
-
3,394
TOTAL INCOME
74,738
-
3,288
78,026
EXPENDITURE ON:
Charitable Activities
3(a)
85,478
-
-
85,478
TOTAL EXPENDITURE
85,478
-
-
85,478
NET (EXPENDITURE)/INCOME
(10,740)
-
3,288
(7,452)
Transfers between Funds
-
-
-
-
Gains on Investment assets
8
-
-
15,928
15,928
NET MOVEMENT IN FUNDS
(10,740)
-
19,216
8,476
Balances brought forward at 1 January
22,777
-
188,109
210,886
BALANCES CARRIED FORWARD
AT 31 DECEMBER
12,037
-
207,325
219,362		 Unrestricted
Funds
Restricted
Funds
Endowment
Funds
TOTAL FUNDS
2020
£
£
£
£
19,107
-
-
19,107
844
-
-
844
44,568
-
-
44,568
52
-
3,417
3,469
671
-
-
671
65,242
-
3,417
68,659
68,635
35
-
68,670
68,635
35
-
68,670
(3,393)
(35)
3,417
(11)
963
(1,131)
168
-
(1,076)
-
6,818
5,742
-
(3,506)
(1,166)
10,403
5,731
26,283
1,166
177,706
205,154
22,777
-
188,109
210,886

8

Parochial Church Council of the Ecclesiastical Parish of West Ham Balance Sheet As at 31 December 2021

Unrestricted
Endowment
TOTAL
TOTAL
Funds Funds FUNDS FUNDS
2021 2021 2021 2020
Note £ £ £ £
FIXED ASSETS
Tangible Assets 7 11,926 - 11,926 -
Investments 8 79,125 49,074 128,199 112,023
91,051 49,074 140,125 112,023
CURRENT ASSETS
Cash at Bank and On Hand (23,672) 158,251 134,579 104,150
Debtors 9 13,111 - 13,111 -
Prepayments 9 265 - 265 -
(10,296) 158,251 147,955 104,150
LIABILITIES: AMOUNTS FALLING DUE
WITHIN ONE YEAR 10 (68,718) - (68,718) (5,287)
NET CURRENT ASSETS (79,014) 158,251 79,237 98,863
NET ASSETS 12,037 207,325 219,362 210,886
FUNDS 11
Unrestricted 12,037 - 12,037 22,777
Endowment - 207,325 207,325 188,109
12,037 207,325 219,362 210,886

The notes on the subsequent pages form part of these financial statements.

Approved by the Parochial Church Council on 19 May 2022 and signed by:

Rev'd Al Gordon Priest-in-Charge

Date: 31 October 2022

9

Parochial Church Council of the Ecclesiastical Parish of West Ham Notes to the Financial Statements For the year ended 31 December 2020

1. ACCOUNTING POLICIES

Basis of preparing the financial statements and assessment of going concern

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

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

The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern.

Critical accounting judgements and key sources of estimation uncertainty

No significant judgements have been made during the course of preparing these financial statements. There are no sources of estimation uncertainty.

Incoming Resources

Voluntary income and capital sources

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

Planned giving receivable under Gift Aid is recognised only when received.

Income tax recoverable on Gift Aid donations is recognised when the gift is received.

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.

Funds raised by the fete, bazaar and similar events are accounted for gross.

Other trading income

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

Income from investments

Dividends are accounted for when due and payable. Interest entitlements are accounted for as they accrue. Tax recoverable on such income is recognised in the same accounting year.

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 2021.

Resources and Grants

Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC.

Fixed assets

Consecrated land and buildings and movable church furnishings

Consecrated and beneficed property is excluded from the accounts in accordance with Charities Act 2011.

Movable church furnishings held by the Rector and Churchwardens on special trust for the PCC, and which require a faculty for disposal, are accounted as inalienable property unless consecrated. They are listed in the church’s Inventory, which may be inspected at any reasonable time. For inalienable property acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the accounts.

10

Parochial Church Council of the Ecclesiastical Parish of West Ham Notes to the Financial Statements For the year ended 31 December 2020

1. ACCOUNTING POLICIES - continued

Other fixtures, fittings and office equipment

Only items of greater than £1,000 are capitalised. Church production equipment comprises a number of electrical and other items connected with sound, vision and worship. They will be depreciated over five years from date of first use.

Computer and office equipment and furnishings are depreciated over five years from date of first use.

Investments

Investments are valued at market value at 31 December.

Current assets

Amounts owing to the PCC at 31 December in respect of fees, rents or other income are shown as debtors less provision for amounts that may prove uncollectable.

Short-term deposits include cash held on deposit with the Central Board of Finance of the Church of England, the Chelmsford Diocesan Board of Finance and COIF Charity Funds.

Creditors

Creditors are recognised where the charity has a present obligation resulting from a past event that will result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are recognised at their settlement amount.

Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially settled at transaction value and subsequently measured at their settlement value.

Fund accounting

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

Pension costs and other post-retirement benefits

The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme arecharged to the Statement of Financial Activities in the period to which they relate.

11

Parochial Church Council of the Ecclesiastical Parish of West Ham Notes to the Financial Statements

For the year ended 31 December 2021

2 INCOME

2(a) Congregation Giving
Regular donations
One-off donations
Collections (open plate) at all services
Gift Aid from HMRC
2(b) Charitable activities
Wedding, baptism and Funeral Fees
2(c) Other Trading Income:
Property income
Grant Income
2(d) Investments
Dividend Income
Bank interest
2(e) Other Income
Other Income
Total Income
3 EXPENDITURE
3(a) Church Activities
Sundays and Special Services
Worship and Prayer Ministry
Families, Students, Youth and Children
Evangelism Expenses
Parish Share Fee and Clergy Costs
Premises, Building and Maintenance costs
Administration and Central Costs
Mission
Miscellaneous Expenses
Total Church Activities		 Unrestricted
Funds
Endowment
Funds
TOTAL FUNDS
2021
TOTAL FUNDS
2020
£
£
£
£
9,935
-
9,935
12,723
300
-
300
739
8,434
-
8,434
2,526
3,373
-
3,373
3,119
22,042
-
22,042
19,107
501
-
501
844
501
-
501
844
2,125
-
2,125
4,568
46,642
-
46,642
40,000
48,767
-
48,767
44,568
-
3,288
3,288
3,203
34
-
34
266
34
3,288
3,322
3,469
3,394
-
3,394
671
3,394
-
3,394
671
74,738
3,288
78,026
68,659
Unrestricted
Funds
Endowment
Funds
TOTAL FUNDS
2021
TOTAL FUNDS
2020
£
£
£
£
7,252
-
7,252
4,585
2,339
-
2,339
572
794
-
794
-
64
-
64
-
30,095
-
30,095
20,408
39,974
-
39,974
36,914
4,960
-
4,960
6,106
-
-
-
35
-
-
-
50
85,478
-
85,478
68,670

12

Parochial Church Council of the Ecclesiastical Parish of West Ham Notes to the Financial Statements

For the year ended 31 December 2021

4 GOVERNANCE COSTS

The remuneration to the independent examiners for the examination of the 2021 accounts was £1,000. (2020: £2,873)

FF COSTS
Wages and salaries (incl. PAYE)
Employers Pension Costs		 2021
2020
£
£
7,238
11,820
28
28
7,266
663,752

5 STAFF COSTS

During the year the PCC employed the full time equivalent ("FTE") of 0.45 people (2020: 0.45) and on the basis of actual number of people employed regardless of FTE the number of people employed in the year was 1 (2020: 1).

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

Clergy members are employed and their housing is supplied by the Diocese of Chelmsford and not by the Parish of West Ham so their costs have not been included in the salary figures shown above.

6 RELATED PARTY TRANSACTIONS

Avenons Charity (charity registration no. 254992) shares trustees in common with the PCC. During the year Avenons Charity donated £37,000 to the PCC. (2020: £40,000).

The known amount donated by Trustees directly to the PCC in 2021 was £2,970.

No remuneration amounts were paid to Trustees during their time in office during the year. In addition, no amounts in regards to expenses were reimbursed that were not incurred directly on behalf, and for the benefit of, the Church.

7 TANGIBLE FIXED ASSETS

Cost at 1 January 2021
Additions during year
Disposals during year
Cost at 31 December 2021
Depreciation at 1 January 2021
Charge for the year
Disposals during year
Depreciation at 31 December 2021
Net Book Value at 1 January 2021
Net Book Value at 31 December 2021		 IT and Computer
Equipment
Production
Equipment
Total 2021
£
£
£
-
1,348
11,094
12,442
-
-
-
1,348
11,094
12,442
-
-
-
113
403
516
-
-
-
113
403
516
-
-
-
1,235
10,691
11,926

8 INVESTMENTS

STMENTS
Market value at beginning of year
Unrealised gains
Dividend and Interest Income
Transfer of income to other accounts
Market value as at end of year
TORS, PREPAYMENTS AND DEPOSITS
Accounts Receivable
Gift Aid Receivable
Other Debtors
Other Prepayments for Church Activities
BILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR
Accounts Payable
Chelmsford Diocese
Other Accruals		 2021
2020
£
£
112,023
104,974
15,928
6,818
3,288
3,417
(3,040)
(3,186)
128,199
112,023
2021
2020
£
£
800
-
1,312
10,999
4,599
13,111
4,599
265
-
265
-
2021
2020
£
£
2,963
2,911
30,000
-
3,739
2,376
68,718
5,287

9 DEBTORS, PREPAYMENTS AND DEPOSITS

10 LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR

13

Parochial Church Council of the Ecclesiastical Parish of West Ham Notes to the Financial Statements

For the year ended 31 December 2021

11 STATEMENT OF FUNDS

Current year
Unrestricted Funds
Unrestricted Fund
Maintenance Fund
Total Unrestricted Funds
Restricted Funds
Mission Fund
Total Designated Funds
Endowment Funds
Tithe Chancel Fund
Sunday School
Thornycroft Funds
Withers Aged Fund
Dacres Pension Fund
Cooper Fund
Oakley Relief
Battailheys Education
Battaiheys for Sermons
Battaiheys Vault in Church
Guerneys Clock
WH Charity Trustees
Total Funds
Prior year
Unrestricted Funds
Unrestricted Fund
Maintenance Fund
Total Unrestricted Funds
Restricted Funds
Mission Fund
Total Designated Funds
Endowment Funds
Tithe Chancel Fund
Sunday School
Thornycroft Funds
Withers Aged Fund
Dacres Pension Fund
Cooper Fund
Oakley Relief
Battailheys Education
Battaiheys for Sermons
Battaiheys Vault in Church
Guerneys Clock
WH Charity Trustees
Total Funds		 At 1st January
2021
Income
Expenditures
Transfers
between Funds
Gains/(losses)
from
Investments
At
31st December
2021
£
£
£
£
£
£
6,005
74,738
(85,478)
-
-
(4,735)
16,772
-
-
-
-
16,772
22,777
74,738
(85,478)
-
-
12,037
-
-
-
-
-
-
-
-
-
-
-
-
8,314
247
-
-
1,202
9,763
1,951
-
-
-
-
1,951
78,034
1,355
-
-
6,584
85,973
28,170
492
-
-
2,376
31,038
53,442
933
-
-
4,507
58,882
545
10
-
-
46
601
1,366
-
-
-
-
1,366
2,180
38
-
-
184
2,402
818
14
-
-
69
901
545
10
-
-
45
600
10,845
189
-
-
915
11,949
1,899
-
-
-
-
1,899
188,109
3,288
-
-
15,928
207,325
210,886 78,027 (85,478) - 15,928 219,362
At 1st January
2020
Income
Expenditures
Transfers
between Funds
Gains/(losses)
from
Investments
At
31st December
2020
£
£
£
£
£
£
9,511
65,242
(68,635)
963
(1,076)
6,005
16,772
-
-
-
16,772
26,283
65,242
(68,635)
963
(1,076)
22,777
1,166
-
(35)
(1,131)
-
-
1,166
-
(35)
(1,131)
-
-
7,553
228
-
-
533
8,314
1,947
4
-
-
-
1,951
73,877
1,322
-
-
2,835
78,034
26,681
482
-
-
1,007
28,170
50,618
914
-
-
1,910
53,442
516
9
-
-
20
545
1,366
-
-
-
-
1,366
2,066
37
-
-
77
2,180
775
14
-
-
29
818
516
9
-
-
20
545
10,271
187
-
-
387
10,845
1,520
211
-
168
-
1,899
177,706
3,417
-
168
6,818
188,109
205,155 68,659 (68,670) - 5,742 210,886

Details of Endowment Funds

The Endowment Funds are all declared at market values. All balances are capital and Interest, apart from the account of WH Charity Trustees which is accumulated interest only.

These endowments have capital which must be maintained although the income from them may be used in consderation of the terms of the original endowment. The balances therefore represent a mix of endowment and restricted funds. Although not accessed in recent years, the PCC will review these funds over time in line with its ecclesiatical and charitable purposes, including the separation of endowment from restricted funds

Descriptions of the funds are as follows:

The Tithe Chancel Fund is for use in maintaining the Chancel of All Saint's West Ham. The Sunday School Fund is for use in promoting Christianty to the children of the Parish. The Withers Aged Fund is for assiting the poor within the Parish. Dacres Pension Fund is for use of pensioners within the parish.

The Battailheys Education Fund is to assist with christian education within the Parish. The Battaiheys for Sermons Fund is to assist with special sermons including Good Friday. The Battaiheys Vault in Church Fund is for maintaining the Vault within All Saints Church. The Guerneys Clock is for the ongoing maintenance of the historical Guerney Clock.

The PCC is currently investigating the origins and purposes of the Thornycroft, Cooper, Oakley and WH Charity Trustee Funds.

12 LEASE COMMITMENTS

Minimum lease payments under non-cancellable operating leases full due as follows:

Within one year
Between one and 5 years
 2021
2020
£
£
1,204
1,204
904
2,108
2,108
3,312

14