2022-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of St John, Walthamstow

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	Trustee name	Office (ifany)	Dates acted ifnot forwhole ear	Dates acted ifnot forwhole ear
	Revd Kieran Bush	Chair
	Mrs Ann Nurcombe	Churchwarden
	Mr Stuart Christie	Churchwarden
	Mr Graham Belsham	PCC Secretary	Until 24'" April 2022
	Mr Anthony Lui	PCC Secretary
	Mrs Elaine Barnett-Page		From 24'"	April 2022
	Miss Cori Bromfield		From 24w	April 2022
	Mr Tim Cole
	Ms Diane Collins
10	Mr Orall Cornelius
	Mr James Doo		From 24'"	April 2022
12	Mr Jerome llenotuma	Treasurer
13	Mr Rajesh Thanasingh
14	Ms Sandra Wallace		From 24	April 2022

Additional governance issues (	Additional governance issues (	Additional governance issues (	Optional information)
You may choose to include additional information, where			Trustees are inducted PCC meeting after the	and reminded of their duties each year Annual Parochial Church Meeting.	in the	first
relevant, about:			Trustees receive information and training annually linked to Safeguarding,
~ policies and procedures			GDPR and conflicts ofinterest.
adopted for the induction		and
training oftrustees;
~ the charity's organisational
structure and any wider
network with which the	charity
works;
~ relationship with any related
parties;
~ trustees' consideration	of
major risks and the system
and procedures to manage
them.
			St John's PCC has the responsibility of co-operating with the		incumbent,
Summary ofthe objects charity set out in its governing document	ofthe		the Revd Kieran Bush, in promoting in the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. It also has maintenance responsibilities for the church buildings.
			The PCC's charitable	objects ('Promoting in the ecclesiastical	parish	the
			whole mission ofthe	Church') are primarily focused on the advancement
			of religion, which is	recognised as a charitable purpose having public
Summary ofthe main			benefit. All regular public worship is provided free of charge and open			to
activities undertaken for		the	all. In addition, the	PCC's activities have further public benefits;		for
public benefit in relation		to	example, teaching	and taking assemblies offer advancement		of
these objects (include within			education which is recognised as a charitable purpose having public
this section the statutory			benefit. Donations to	other charities and our own projects provide public
declaration that trustees		have	benefits in the relief of poverty and need, whether within or outside the
had regard to the guidance			ecclesiastical parish, often for minodity groups with particular needs such
issued by the Charity			as the elderly.
Commission on public
benefit)			Afl trustees have	received the guidance issued by the Chadity
			Commission on public	benefit and hereby declare that we have	continued
			to focus on the public	benefit that our charity provides.
Additional details ofobjectives			and activities (Optional information)
You may choose to include			The PCC does not have a formal grant making policy, nor does it have a
further statements, where			business plan. It will	bear in mind it's charitable purpose	and those
relevant, about:			promoting a Bible-based evangelical faith when determining		who	will
~ policy on grantmaking;			receive grants.
~ policy programme related			The PCC is very grateful to all those who give their time to volunteer			in
investment;			the life of the church.	These volunteers undertake a variety	of roles in
~ contribution made by			line with the objectives and activities ofthe Charity.
volunteers.

		Our reserves policy states that:
Briefstatement ofthe charity's policy on		The PCC aims to keep 3 months running costs (including salary costs) in cash reserves in case ofa major problem (pf60,000).
reserves		The PCC was previously seeking to reduce our reserves (through building upgrades in
		2019 and salary costs). Given planned building upgrades and possibly building flats, the
		PCC will seek to maintain reserves in the short term, but will review this olic in future.
Details ofany
funds
materially in		N/A
deficit
Further financial		review details (Optional information)
You may choose to include additional		The primary source of income is the giving of church members, together with Gift Aid 8 GASDS received on these donations. This is either through planned giving, church collections or other donations. Being a local church, we know our regular donors, and the giving ofvisitors is at a low level in relation to our overall income.
information,		St John's receives income from renting parts of the Church building to local businesses
where relevant		and charities.
about:		Fees in line with Church of England guidelines are charged for occasional services e.g.
~ the charity's		weddings and funerals.
principal sources of funds (including any fundraising);		From time to time we may apply for grants for maintenance of our building to English Heritage, the Listed Places of Worship Grant Scheme or some other heritage grant maker. We may also apply to the Diocese or other grant makers including London over the Border for support with other projects the PCC wishes to undertake in furtherance of its charitable objects.
~ how expenditure has		Each year the PCC agrees a budget which is in line with the overall objectives as defined above and the specific priorities for the year ahead. This involves seeking to maintain in good condition the buildings and land the trustees are responsible for.
supported
the key objectives of the charity;		Financial u date to the end of2022 ~d:Gd tt t p tddd ttyt dtdd'. 0ydyy t show a surplus ofF11k.
~ investment		Income
policy and objectives including ethical	any	Giving - The single most exciting line in our accounts is the increase in standing order gift-aided giving (to over f55k). Total giving rose by 19% in 2021 and another 28% in 2022 to over F70k. This will also increase how much we can reclaim via gift-aid in 2023.
investment		Praise God!
policy adopted.		Rental income - This increased significantly post-Covid. We received over f110k in 2022 up from f94k in 2021.Unless there are unexpected changes, further growth is likely
		in 2023. Praise God!
		Other —we were awarded a grant off7500 towards purchasing new chairs in 2022 and
		paid for them. However, both the grant and the chairs themselves will not be seen until
		2023. We also received over f1300from selling redundant church furniture.
		Our total income is up significantly from 2021 - f195k compared to f162k. Praise
		God!
		~E* dtt
		Parish share —This remains our single biggest outlay (f53k).The PCC decided to make
		donations to the Essex and East London Good Stewards Trust for our Parish Share.
		Practically, this has worked really well. Praise God! In 2023a new parish share formula has been agreed meaning Parish share has reduced tojust under f50k.

A3 Payments
0.Church Belated
SHARE TO DIOCESE				53163		53,025
FEESPAID TO DIOCESE				122		336
INSURANCE )MAIN)				4049	4 040	3 064
lrn LIT)ES				0053	8053	4,912
MUSIC AND WORSHIP				1743	1743	2,961
CLERGY EXPENSES				142	142	324
TRAINING				3740	3 748	2,438
VICARAGE COSIS				7040
OUTREACH & EVANGELISM						SST
EOUIPTMENT AND PLANT	MAINTENANCE
				7235	7235	5,290
CLEANING AND CONSUMABLES				7 501	7501	7,791
PENHRYN HALL INSURANCE				1245		1 156
PENHRYN HALL MAINTENCE &lrn			LIT)ES
CHURCH WORKER				8471	8471
WOMEN AND FAMILIES' WORKER				30 508	30 500	36,149
RENT ANO COUNCIL TAX
b. PARISH ADMI N
OFHCE RUNNING COST				3554	3554
INDEPENDENT E)NMI NER	FEE			510	510	401
BANK CHARGES				297	297	285
c.AWAY GIVING CHURCH	FUNDS
LINK LINK
MISSIONARY GIVING				9100	9 100	9,850
rL SPECIAL ACTIVRIES
BUILDING MAINTENANCE
CAPITAL PROJECT				26 492		19453
YOUTH PROJECT				2 595	2 595	4,662
		Sub total		104,341	104,341	154992
A4Asset and investment
purchases, (see table)
		Sub total
Total payments				104,341	104,341	154,992
Net ofrecei ptsffpaym			ants)	11,032	11,032	7,676
A5 Transfers between	funds
A6 Cash funds last year end				132,132	132,132	124,456
Cash funds this		year end		143,164	143,164	132,132

		Details		Fuel to h heron	Fuel to h heron	ch	cocci	Cost	(opl onal)		C rreoi value iona(
83Investment assets
		Details		Funlto bel	hich		asset	Cost	(opsanal)		Current value 'anal
84Assets retained forthe
charity's own use
				Fund towhich			liability	amount due		When due (optional)
		Details		relates					o al
85 Liabilities
Signed behalf	by one or two trustees on of all the trustees		Signature				Print Name			Date ofapproval
					JEROME I LE NOTUMA					l	gls7 20@
						ANN NURCOMBE				l	Is-/zozL