||**Trustees' Annual Report**|**Trustees' Annual Report**|**Trustees' Annual Report**|**Trustees' Annual Report**|**Trustees' Annual Report**|**for theperiod**|**for theperiod**|**for theperiod**| |---|---|---|---|---|---|---|---|---| ||**From**|Period start date|||**To**|Period end date||| |||1st|January|2024||31st|December|2024| Section A Reference and administration details ## **Charity name**[THE PAROCHIAL CHURCH COUNCIL OF THE ] ECCLESIASTICAL PARISH OF ST JOHN, WALTHAMSTOW **Other names charity is known by** St John’s PCC, Walthamstow **Registered charity number (if any)** 1179140 **Charity's principal address** 18 Brookscroft Road, Walthamstow **Postcode** E17 4LH ## **Names of the charity trustees who manage the charity** |1
2
3
4
5
6
7
8
9
10
11|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year**|**Name of person (or body) entitled**
**to appoint trustee (if any)**| |---|---|---|---|---| ||Revd Kieran Bush|Chair||| ||Mrs Ann Nurcombe|Churchwarden||| ||Mr Stuart Christie|Churchwarden||| ||Mrs Elaine Barnett-Page|PCC Secretary||| ||Mr Jerome Ilenotuma|Treasurer||| ||Miss Cori Bromfield|||| ||Mr Tim Cole||Until 1stSeptember 2024|| ||Ms Diane Collins|||| ||Mr Rajesh Thanasingh||Until 21stApril 2024|| ||Mr Omar Timberlake||21stApril until 1st
September 2024|| ||Ms Sandra Wallace||Until 3rdMarch 2024|| ## **Section B Structure, governance and management** **Description of the charity’s trusts** The Parochial Church Councils (Powers) Measure 1956 as amended and Type of governing document the Church Representation Rules (contained in Schedule 3 to the (eg. trust deed, constitution) Synodical Government Measure 1969 as amended). Trust How the charity is constituted (eg. trust, association, company) The method of appointment of PCC members is set out in the Church Trustee selection methods Representation Rules. All regular church attendees are encouraged to (eg. appointed by, elected by) register on the Electoral Roll and we look to encourage those who share our aims (see below) to stand for election to the PCC. ## **Additional governance issues (Optional information)** Page 1 You **may choose** to include additional information, where relevant, about: - policies and procedures adopted for the induction and training of trustees; Trustees are inducted and reminded of their duties each year in the first PCC meeting after the Annual Parochial Church Meeting. Trustees receive information and training annually linked to Safeguarding, GDPR and conflicts of interest. - 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. ## **Section C Objectives and activities** **Summary of the objects of the charity set out in its governing document** St John’s PCC has the responsibility of co-operating with the incumbent, 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 of the Church’) are primarily focused on the advancement of religion, which is recognised as a charitable purpose having public **Summary of the 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 minority groups with particular needs such **issued by the Charity** as the elderly. **Commission on public benefit)** All trustees have received the guidance issued by the Charity Commission on public benefit and hereby declare that we have continued to focus on the public benefit that our charity provides. ## **Additional details of objectives 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 receive grants. - policy on grantmaking; • 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 line with the objectives and activities of the Charity. - contribution made by volunteers. Section D Achievements and performance Page 2 ## Section D Achievements and performance **Achievements and performance Summary of the main Church attendance achievements** There are 90 parishioners on the Church Electoral Roll, 51 of whom are not resident within **of the charity** the parish 12 names were added during the year and 14 were removed either because **during the** they moved away from the parish, no longer attended, or died. The average weekly **year** attendance, counted during October, was 73 (48 adults and 25 children). Small numbers continue to watch regularly on Zoom and YouTube. This number increased at festivals. **Review of the year** 2024 has been a hard year for St John’s Church family. During 2024, we bid a very fond farewell to several St John’s stalwarts and a few others who got quickly stuck into serving the Church Family. Among others, we praise God for and continue to pray for: Tim Cole, Orall, Carla, Lara and Maya Cornelius, David, Hung, and Thessa Mac, Omar and Johanna Timberlake, Nina Vladikina and Sandra Wallace. All gave so much to St John’s over recent years. For several of this group, this was their first (evangelical) Church as believers. It was a particular joy to send Tim Cole for further ministry training at Oak Hill Theological College – the first ‘home-grown’ person from St John’s to study full time for ministry in a generation. These departures meant that autumn 2024 felt more full-on and draining for the Staff team, Standing Committee members and others committed to serving at St John’s. And yet, there were also many things to praise God for including: - growing confidence in God’s word and encouragement to serve boldly as we heard sermons on 1 Peter, Matthew’s Passion, Joshua, Psalms and Acts - newcomers joining the St John’s family - growing numbers of children visiting St John’s on School visits - God’s ongoing financial provision, enabling us to make a major upgrade to our AV, and to employ Sandra Theron as our Church manager - celebrating our current building’s 100[th] Anniversary - joy in our Christmas services on “The Christmas story brick by brick” The full PCC met 8 times during the year with an average level of attendance of 77 percent. The standing committee (comprising the Incumbent, Wardens, Cori Bromfield (Women and Families’ Workers) and Tim Cole (Minister in Training)) met occasionally to discuss and implement day-to-day maintenance issues and administration, and also communicated via email and WhatsApp. During the year, we were served by a number of visiting preachers, especially some preachers in training from St Helen’s Bishopsgate over Easter. ## **The PCC has discussed and taken the following actions:** - Keep parish share payments paused as we remain in broken partnership and broken fellowship with Chelmsford Diocese - Seek to replace our minister in training and appoint a Church Manager (Sandra Theron was employed in this latter role from August 2024) - Reviewed and updated staff salaries and rental agreements - Transferred more reserves to a high-interest account - Continue investigating building flats on church land - Ongoing work to update our health and safety policy and risk assessments - Review our Mission Partner support including financially supporting the ministries / training of Tim Cole, Matt Harvey and Priscilla Ng for the first time - Make a significant update to our AV systems - Set up and use Contactless Giving (thanks to a Chelmsford Diocese initiative) **The last quinquennial inspection was held in July 2023.** The following urgent repairs were identified: Page 3 ## Section D Achievements and performance 1 West Nave gable: resecure loose lead flashings (4.1) 2 Felt layers separating on nave roof risk point of water entry and need re-securing (5.4) 3 East end garden/playground- - install fence (6.2; 12.1) 4 Nave west end: refix plastic soil vent pipe (6.5) 5 Nave roof: re-arrange insulation to give even coverage (8.1.1) 6 South Lobby: remove loose section of stonework at head of arched opening. (9.6) 7 Electrical services: undertake recommendations from 2022 inspection (11.1) 8 West boundaries: rebuild sections (12.1) In 2024, we focused on undertaking recommendations from the 2023 inspection. ## **Section E Financial review** |**Section E**|**Financial review**| |---|---| |**Brief statement**
**of the charity’s**
**policy on**
**reserves**
**Details of any**
**funds**
**materially in**
**deficit**|Our reserves policy states that:
The PCC aims to keep 3 months running costs (including salary costs) in cash reserves
in case of a major problem (=£60,000).
The PCC was previously seeking to reduce our reserves (through building upgrades in
2019 and salary costs). Given planned building upgrades, the PCC will seek to maintain
reserves in the short term, but will review this policy in future.| ||N/A| ## **Further financial review details (Optional information)** |You**may**
**choose**to
include
additional
information,
where relevant
about:
•
the charity’s
principal
sources of
funds
(including
any
fundraising);
•
how
expenditure
has
supported
the key
objectives of
the charity;
•
investment
policy and
objectives
including any
ethical
investment
policy
adopted.|The primary source of income is the giving of church members, together with Gift Aid &
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 of visitors is at a low level in relation to our overall income.
St John's receives income from renting parts of the Church building to local businesses
and charities.
Fees in line with Church of England guidelines are charged for occasional services e.g.
weddings and funerals.
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.
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.
**FINANCIAL UPDATE 2024**
**Summary: Praise God again for His ongoing generous provision for us. Despite**
**significant AV expenditure, our accounts showed a small year-on-year surplus.**
We can again**praise God for**:**Jerome**our treasurer;**Ann**who oversees day-to-day
finances;**Graham**who reclaims gift aid and oversees with our high-interest account; and
**Lourens**our external examiner.**They continue to do a great job.**
**Income**
**Giving**– God has again provided abundantly. Boosted by a few significant one-off gifts,
**total giving rose by nearly 10%**to almost £96k**and has now more than doubled**
**since 2020**. We will reclaim more gift-aid in 2025.**Praise God!**
**Rental income**– Even after discounting 2 outstanding payments from 2023, rental
income increased by over 10% to nearly £124k. This was boosted by hosting 2 elections| |---|---| Page 4 ## in 2024. **Praise God for His provision.** **Other** – we received more money from sales of old furniture (£1.6k) and more interest as we transferred more money into our higher-interest account – income from interest should increase significantly in 2025. **Our total income is again up significantly from 2023 - £243k compared to £230k. Praise God!** ## **Expenditure** **Parish share** – This remains our major part of our annual outlay (£51.7k). However, since February 2023, we have paused these voluntary donations to the Diocese because of the national Living in Love and Faith agenda. In time, back-payments may be possible, money is being kept for this. **Building Upgrades** – During 2024, around £45k was spent on major AV upgrades. **Staff costs** – In September 2024 we bid farewell to Tim Cole and employed Sandra Theron as Church Manager. Staff costs increased by 13%, but remain very good value! **Utilities** – through careful management, utility bills reduced by £5k this year. **Other –** we spent significant more on the church office (largely due to upgrading our printer/photocopier), but spent less on training. **Our total expenditure reduced significantly - £190k compared to £248k.** (However, if £51.7k parish share was included, expenditure would be £242k) **Overall in 2024 our accounts show a surplus of almost £60k.** **However, after subtracting £51.7k parish share and almost £7k rental arrears, the underlying year-on-year surplus was just under £1k. Praise God for His provision, and thank you for your giving and practical help.** **Reserves:** This means that by the end of 2024, our reserves were close to £178k. After Parish Share payments our underlying reserves are just over £126k. This is a very healthy place to be relative to our target reserves of £60k. **Praise God!** We are awaiting updates on possibly building flats, so plans to carry out major upgrades to our meeting space are on pause, but we remain in good position to carry out those works in time. **Budgeting and forecasting:** As ever, budgeting is hard, as ever I have sought to budget conservatively. It is hard to know whether we will be able to upgrade our lights, insulation, back toilets or our main meeting space. It is also hard to know for sure about employing a new minister in training / church manager. I have budgeted that we fill one of those posts, and spend £25k on building upgrades. With those assumptions, **I am conservatively forecasting a year-on-year loss of £25k in 2025.** We continue to seek to make long-term investments (both in personnel and in our buildings) to help us, under God, to fulfil our vision of seeing North Walthamstow transformed by Jesus 1 life at a time. **Let us continue to pray to our great God and ask Him to provide all we need.** ## **Section F Other optional information** ## **Section G Declaration** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** **Signature(s)** Kieran Bush Ann Nurcombe **Full name(s)** Kieran Bush Ann Nurcombe **Position (eg Secretary, Chair, etc)**[Chair / Vicar ] Church Warden **Date** 9/3/2025 Page 5 ## THE FAITHFUL STEWARDS Chartered Accountants ## Independent examiner's report to the PAROCHIAL CHURCH COUNCIL (PCC) OF THE ECCLESIASTICAL PARISH OF ST JOHN, WALTHAMSTOW I report to the trustees on my examination of the accounts of the Parochial Church Council of the Ecclesiastical Parish of St John, Walthamstow (“the charity”) for the year ended 31 December 2024, which are set out on pages 7-9 following. ## **Responsibilities and basis of report** As the trustees of the charity, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **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 charity as required by section 130 of the Act; or 2. The accounts do not accord with those records. 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. ## Lourens du Plessis ## **Lourens du Plessis ACA CA(SA) Independent Examiner** ## **Date:** 10 March 2025 ‘The Faithful Stewards’ is the trading name of ‘The Faithful Stewards Limited’ Director Lourens du Plessis ACA CA(SA) Principal place of business 56 Kinglake House, Denman Avenue, Southall, UB2 4GA Telephone +44 75 073 60187 Email stewards@thefaithfulstewards.co.uk Company registered in England & Wales 16257293 ICAEW member firm C011007221 www.thefaithfulstewards.co.uk Page 6 ||**Charity Name**

**THE PCC OF THE ECCLESIASTICAL PARISH OF ST JOHN,**
~~**WALTHAMSTOW**~~
**1**|**Charity Name**

**THE PCC OF THE ECCLESIASTICAL PARISH OF ST JOHN,**
~~**WALTHAMSTOW**~~
**1**|**Charity Name**

**THE PCC OF THE ECCLESIASTICAL PARISH OF ST JOHN,**
~~**WALTHAMSTOW**~~
**1**|**No (if any)**
**179140**|**CC16a**| |---|---|---|---|---|---| ||**Receipts andpayments accounts**||||| ||**For the period**
**from**|01-Jan-24|**To**|31-Dec-24|| ||||||| |**Section A Receipts and payments**|||||| |**A1 Receipts**
**a.Donations Gift Aid:**|**Unrestricted**
**funds**
**to the nearest £**
**2,212**
**77,325**
**4,562**
**-**
**3,492**
**3,268**
**156**
**23,417**

**57,453**
**42,593**
**3,000**
**180**
**-**
**4,104**
**-**
**-**
**19,082**
**-**
**-**
**1,082**
**1,299**

**243,225**
.
**1,776**
**-**
**1,776**
**245,001**|**Restricted funds**
**to the nearest £**
**5,000**
**5,000**
**-**
**-**
**-**
**5,000**|**Endowment funds**
**to the nearest £**|**Total funds**
**to the nearest £**|**Last year**
**to the nearest £**| |DONATION GIFT AID PLATE COLLECTION||||**2,212**|**405**| |STANDING ORDER(GIFT||||**77,325**|**72,026**| |GIFT DAY(Gift Aided)||||**9,562**|**4,571**| |LEGACY
**b.Donations Non Gift Aid:(DNGA)**||||**-**|**500**| ||||||| |DNGA PLATE COLLECT||||**3,492**|**4,234**| |STANDING ORDER NGA||||**3,268**|**6,111**| |OTHER INCOME||||**156**|**2,846**| |**c.Lettings:**|||||| ||||||| |WALTHAMSTOW MONTESSORI SCHOOL
(ST JOHN'S)||||**23,417**|**22,735**| |WALTHAMSTOW MONTESSORI SCHOOL (
PENHRYN HALL)||||**57,453**|**47,145**| |VESTRY SCHOOL OF DANCE||||**42,593**|**30,409**| |CHURCH HALL LETTINGS||||**3,000**|**100**| |WALTHAM FOREST ALLOTMENTS||||**180**|**-**| |RENT FROM NON CHURCH PROPERTY||||**-**|**-**| |CUB/SCOUTS||||**4,104**|**3,906**| |RED BALOON
**d.Other Sources**||||**-**|**1,200**| ||||||| |GIFT AID RECOVERY||||**19,082**|**15,717**| |(GRANT) LONDON OVER BORDER(LOB)
YOUTH PROJECT||||**-**|**1,000**| |GRANTS MAJOR STRUCTURAL RENEWAL||||**-**|**8,545**| |BANK INTEREST ON CCLA & CURRENT
ACCOUNT||||**1,082**|**605**| |CHURCH FEES RECEIVED||||**1,299**|**1,170**| ||||||| |**_Sub total_**_(Gross income for AR)_|||**-**|**248,225**|**223,226**| |**A2 Asset and investment sales,**
**(see table).**|||||| |
Sales of assets|||**-**|**1,776**|**-**| ||||**-**|**-**|**-**| |**_Sub total_**|||**-**|**1,776**|**-**| |**_Total receipts_**|||||| ||||**-**|**250,001**|**223,226**| Page 7 ## **A3 Payments** |**a. Church Related**|**-**
**592**
**4,569**
**15,296**
**2,965**
**103**
**4,045**
**720**
**5,376**
**8,852**
**1,499**
**10,957**
**20,016**
**45,050**
**4,673**
**534**
**236**
**15,450**
**43,077**
**1,514**
**185,524**
**-**
**-**
**-**
**185,524**
**59,477**
**-**
**118,399**
**177,876**||||| |---|---|---|---|---|---| |SHARE TO DIOCESE||**-**|**-**|**-**|**51,522**| |FEES PAID TO DIOCESE||**-**|**-**|**592**|**1,119**| |INSURANCE(MAIN)||**-**||**4,569**|**4,365**| |UTILITIES||**-**||**15,296**|**20,282**| |MUSIC AND WORSHIP||**-**||**2,965**|**2,200**| |CLERGY EXPENSES||**-**||**103**|**302**| |TRAINING||**-**||**4,045**|**6,082**| |OUTREACH & EVANGELISM||**-**||**720**|**547**| |EQUIPTMENT AND PLANT MAINTENANCE||**-**||**5,376**|**4,629**| |CLEANING AND CONSUMABLES||**-**||**8,852**|**7,949**| |PENHRYN HALL INSURANCE||**-**||**1,499**|**1,471**| |Service Manager||||**10,957**|**-**| |CHURCH WORKER||**-**||**20,016**|**27,126**| |WOMEN AND FAMILIES' WORKER||**-**||**45,050**|**40,147**| ||||||| |**b. PARISH ADMIN**|||||| |OFFICE RUNNING COST||||**4,673**|**2,524**| |INDEPENDENT EXAMINER FEE||**-**||**534**|**514**| |BANK CHARGES||||**236**|**272**| ||||||| |**c. AWAY GIVING CHURCH FUNDS**|||||| |MISSIONARY GIVING||||**15,450**|**14,990**| ||||||| |**d. SPECIAL ACTIVITIES**|||||| |CAPITAL PROJECT||**5,000**||**48,077**|**60,640**| |YOUTH PROJECT||**-**|**-**|**1,514**|**1,310**| |**_Sub total_ **||**5,000**|**-**|**190,524**|**247,991**| ||||||| |**A4 Asset and investment**
**purchases, (see table)**|||||| |||**-**|**-**|**-**|**-**| |||**-**|**-**|**-**|**-**| |**_Sub total_ **||**-**|**-**|**-**|**-**| |**_Total payments_**
**_Net of receipts/(payments)_**
**A5 Transfers between funds**
**A6 Cash funds last year end**
**_Cash funds this year end_**|||||| |||**5,000**|**-**|**190,524**|**247,991**| ||||||| |||**-**|
**-**|
**59,477**|**- 24,765**| |||**-**|**-**|**-**|**-**| |||**-**|**-**|**118,399**|**143,164**| |||**-**|
**-**|**177,876**|**118,399**| ## **Section B Statement of assets and liabilities at the end of the period** |**Categories**
**B2 Other monetary assets**
**B1 Cash funds**|**Details**|**Unrestricted funds**
**to nearest £**|**Restricted funds**
**to nearest £**|**Endowment funds**
**to nearest £**| |---|---|---|---|---| ||1101 : BARCLAYS PCC ACC
COMMUN
1102 : PETTY CASH
1103 : CCLA DEPOSIT ACC|**77,423**||**-**| |||**39**|**-**|**-**| |||**100,414**|**-**|**-**| ||**_Total cash funds_**
(agree balances with receipts and payments account(s))
**Details**|**177,876**|**-**|**-**| |||OK|OK|OK| |||**Unrestricted funds**
**to nearest £**|**Restricted funds**
**to nearest £**|**Endowment funds**
**to nearest £**| ||HMRC Gift Aid receivable for the FYE 2024
estimated at|**21,990**|**-**|**-**| |||**-**|**-**|**-**| |||**-**|**-**|**-**| |||**-**|**-**|**-**| |||**-**|**-**|**-**| |||**-**|**-**|**-**| Page 8 |Signed by one or two trustees on
behalf of all the trustees
**B5 Liabilities**
**B4 Assets retained for the**
**charity’s own use**
**B3 Investment assets**|Signature
**Details**
**Details**
Audiovisual equipment
Furniture
Office equipment
**Details**
Jeoe Ilenotuma
Ann Nucobe|**Fund to which asset**
**belongs**
**Fund to which asset**
**belongs**
General Unrestricted
General Unrestricted
General Unrestricted
**Fund to which liability**
**relates**
Print N|**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Amount due**
**(optional)**
**-**
**-**
**-**
ame
NOTUMA
COMBE|**Current value**
**(optional)**| |---|---|---|---|---| |||||**-**| |||||**-**| |||||**-**| |||||**-**| |||||**-**| |||||**Current value**
**(optional)**| |||||**-**| |||||**-**| |||||**-**| |||||**-**| |||||**-**| |||||**-**| |||||**-**| |||||**-**| |||||**-**| |||||**When due (optional)**| |||||| |||||| |||||| |||||| |||||| |||||Date of approval| |||JEROME ILE|NOTUMA|9/3/2025| |||ANN NUR|COMBE|9/3/2025| Page 9