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2022-12-31-accounts

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE BAPTIST HAMPTON WICK Report and Accounts

for the year ending 31 December 2022

1 Lamb's Passage LONDON EC1Y 8AB t: 0208 502 5600 e: enquiries@stewardship.org.uk w: www.stewardship.org.uk

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE BAPTIST HAMPTON WICK

CHARITY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2022

Members of the Parochial Church Council The Revd. Jerry Field (incumbent)
Mr Bisi. Alonge
Mr. Daniel Bates
Mr. Robin Bell
Mrs. Ruth Blizzard
Mr. Steven Bryan
Mrs. Susan Catcheside
The Revd. Anna Evans
Ms. Rebbeca Isacc
Mr. Henrik Lannero Appointed 27th Jan 2022
Mr. James Norman
Mrs. Caroline Oldham Resigned 20 March 2022
Mrs. Rachel Pim
Mrs. Andrea Sisodia
Mr. Shakti Sisodia
Ms. Susan Tucker Appointed 19th May 2022
Mr. Garth Watkins
Other members of key management The Revd. Jerry Field
The Revd. Anna Evans
Charity Registration Number 1180021
Principal Address St John's Church, Church Grove
Hampton Wick, KT1 4AL
Independent Examiner Ajay Rajani FCIE
Stewardship
1 Lamb's Passage
London
EC1Y 8AB
Bankers HSBC Bank plc
Kingston Branch
54 Clarence Street
Kingston Upon Thames
Surrey
KT1 1NP
Contents Page
Charity Information 1
Annual Report of the Members of the Parochial Church Council 2-7
Statement of Financial Activities 9
Balance Sheet 10
Cashflow Statement 11
Notes to the Accounts 12-19
Detailed Statement of Financial Activities with Comparatives 20

Page 1

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE BAPTIST HAMPTON WICK

REPORT OF THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL

FOR THE YEAR ENDED 31[ST] DECEMBER 2022

The members of the Parochial Church Council (PCC) have pleasure in submitting the Report and Accounts for the year.

Introduction

The charity was registered with the Charity Commission on 21 September 2018 and operates under the Charities Act 2011. The governing documents for the charity are the Parochial Church Councils (Powers) Measure 1956 (as amended) and the Church Representation Rules.

Objects of the charity

The charity is responsible for co-operating with the incumbent, in promoting in the ecclesiastical parish, the whole mission of the Church be it pastoral, evangelistic, social or ecumenical. The PCC is also responsible for maintaining certain church property situated within the parish, namely the church building at Church Grove, Hampton Wick.

Review of Activities

Our vision is to Love Jesus, Build Community and Transform Lives.

There are currently 244 adults on our electoral roll. 305 adults, 85 children and youth are involved in regular Sunday worship.

A variety of family life, employment and Christian basics courses are regularly run throughout the year with attendance from both church members and also the wider community. There are thriving Children, Youth and Student Ministries.

Due to the cost of living crisis, the Hardship Fund that was formed to help those in need during the pandemic, continues to grow and is used to help both congregation and community who experience need.

Over the course of the year, St John’s maintained its connection with other local organisations, including Hampton Deanery, Kingston Churches Together, Churches Together in Teddington, Kingston and St Mary’s Universities, Twickenham Sea Cadets, The Hampton Wick Association, HM Prison Service (Feltham Young Offenders), St John the Baptist Junior School and Hampton Wick Infant and Nursery School. In addition St John’s are now regularly part of helping with the pastoral care of those in Teddington School.

Many of the PCC’s activities are undertaken by volunteers and the PCC could not operate effectively without their efforts. In particular volunteers help to support Children, Youth, Men’s and Women's ministries, run courses (including the Alpha Course, Marriage Course, Pre-Marriage Course), lead Worship and help with Church administration.

In planning the activities, the Trustees have had regard to the guidance on public benefit issued by the Charity Commission.

Page 2

Quinquennial Inspection and Report

A Quinquennial Inspection was held in April 2022 and the following is a list of immediate works needing completion:

Ref 1 Items (Urgent)

Ref 2 items (Requires attention within 12 months)

The most significant work identified in the report is the repair of the roofs over the two office spaces. This cannot be quoted until a decision is made as to what we want to do with these spaces and how they are to be developed. The work then becomes subject to DAC controls and a contract with a suitable building company. As part of the scope of this will be the structural elements identified in the report and they will be included in the contract.

All the urgent and essential items in the report have been or will be done within the 12 months suggested, other than the roof works.

Financial Review

In 2022 St John’s reported a deficit of £25,000 (2021: a surplus of £58,500).

Overall, income decreased by £25,000 to £682,000. This was largely due to a reduction in income from donations from church members (which fell by £54,000); this was offset by an increase in grant income (which increased by £23,000) and an increase in income from church activities and letting income (overall this increased by £6,000).

Expenditure increased by £58,000 to £707,000; this increase was mainly due to:

Net assets decreased by this year’s deficit, which was £25,000, to £324,000. This is represented by cash of £295,000 (of which £229,000 is unrestricted), other net current assets of £14,000 and fixed assets of £15,000.

The medium-term aim is to try to accumulate reserves with the aim of using these to develop and upgrade the existing church buildings to accommodate the requirement for additional space to support our ministry.

Page 3

Future Plans

Our future plans continue to be:

Reserves Policy

To ensure that the PCC always has sufficient working capital to meet its obligations to employees and creditors, the members of the PCC established a policy whereby the unrestricted cash held by the PCC should cover three months of planned expenditure after taking into account regular giving. For 2022, to comply with this policy, the members of the PCC determined that the charity should hold unrestricted cash of no less than £30,000. The PCC ended 2022 with unrestricted cash of £229,000 and the PCC plans to use much of the excess to help fund the upgrade of St John’s church building.

Risk Statement

The members of the PCC have reviewed the risks to which The Parochial Church Council of the Ecclesiastical Parish of St John the Baptist Hampton Wick is exposed. Appropriate procedures are in place to identify, monitor and review these risks on a regular basis. The schedule of major risks and mitigation identified by the members of the PCC are as follows.

No Potential Risk Mitigation
1 Reputational damage due to the
behaviour of senior leadership or
staff members.		 The Parochial Church Council of the Ecclesiastical Parish of St John the Bap-
tist Hampton Wick has clearly defined values and behaviors which are reg-
ularly communicated and oversight structures are in place for staff and sen-
ior leadership.

Page 4

2 Harm comes to those in our care
due to lack of appropriate and
compliant child and adults at risk
safeguarding procedures.		 The Church Council has adopted and co-operates with the Diocese in its
Safeguarding Policy and safer recruitment process. DBS checks are made
before any member of staff or volunteer is engaged to work with children
or adults at risk.
3 A shortfall in income and/or in-
adequate cashflow results in an
inability to meet salary and cred-
itor payments.		 Strong budgetary and financial controls are in place with regular financial
reports and forecasts discussed at Parochial Church Council meetings. Re-
serves are also maintained at a level based on the net of three months 2023
budgeted expenditure and income.
4 Harm comes to visitors or staff
due to lack of appropriate and
compliant Health and Safety pro-
cedures.		 The Parochial Church Council of the Ecclesiastical Parish of St John the Bap-
tist Hampton Wick has robust Health and Safety processes, training and
monitoring to ensure visitors and staff are kept safe.

With regard to the PCC’s obligations to safeguard children and adults at risk, the members of the PCC confirm that they have complied with their duties under section 5 of the Safeguarding and Clergy Discipline Measure 2016.

Structure, governance and management.

The appointment of PCC members is governed by, and set out in, the Church Representation Rules. The PCC comprises all the clergy licensed to St Johns Hampton Wick, the two Churchwardens (elected annually at the annual Meeting of Parishioners) and up to twelve lay members elected at the Parochial Church Meeting (APCM). This also includes up to six lay members of the local Deanery Synod.

Responsibility for setting policy and for determining the parameters within which the PCC should operate rests with the members of the PCC, who meet regularly to review and plan activities. The members of the PCC have delegated responsibility for the day to day operation of the PCC to a leadership team led by the incumbent. The members of the PCC receive training and advice from the local Diocese.

The PCC meets approximately six times a year and holds a retreat or vision meeting once a year. Additionally the Vicar, Associate Vicar and the two Churchwardens form the Executive Committee which meets twice a month. This Committee is empowered by the PCC to make decisions as may be required between PCC meetings and any key decisions made at this Committee and requiring approval by the full PCC are communicated to the PCC members for their approval via email.

Clergy and lay employed staff are responsible for the various ministries and for the finance and administration of the church; and make regular reports to the PCC.

PCC members are kept informed on matters affecting the parish, including health and safety, relevant legislation and safeguarding. One of the PCC’s employees is appointed as Church Safeguarding Officer and advises the members of the PCC on all matters relating to safeguarding. A Health and Safety Policy is in place and is kept under review. The PCC has adopted and co-operates with the Diocese of London in its Safeguarding Policy and safer recruitment process, including DBS checks made before any member of staff or volunteer is engaged to work with children or adults at risk.

The PCC co-operates with the Diocese of London at all levels in the pursuit of its charitable objectives.

Page 5

Remuneration Policy and Principles

Our aim is to reward staff, irrespective of seniority, competitively with our peer organisations, informed by the following principles:

All of our directly employed permanent staff are paid at least £11.95 per hour which is the current London Living Wage.

Statement of Responsibilities of the Members of the Parochial Church Council

The PCC is responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Charity law requires the PCC to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charity as at the balance sheet date and of its incoming resources and application of resources for the financial year. In preparing these financial statements, the PCC are required to:

  1. select suitable accounting policies and apply them consistently

  2. observe the methods and principles in the Charities SORP

  3. make judgements and estimates that are reasonable and prudent

  4. state whether the applicable accounting standards have been followed, subject to any material departures disclosed and explained in the accounts

  5. prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in business

The PCC is responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 6

Approval

This report was approved by the members of the PCC and signed on their behalf by:

Jerry Field

The Reverend Jerry Field

Date: 18 May 2023

Page 7

INDEPENDENT EXAMINER'S REPORT

TO THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL OF

THE ECCLESIASTICAL PARISH OF ST JOHN THE BAPTIST HAMPTON WICK

('the Charity')

I report to the members of the PCC (who are also the charity's trustees) on my examination of the accounts of the Charity for the year ended 31 December 2022 on pages 9 to 20 following, which have been prepared on the basis of the accounting policies set out on pages 12 to 14.

Responsibilities and basis of report

As members of the PCC 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

Since the Charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a Fellow of the Association of Charity Independent Examiners, which is one of the listed bodies.

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

  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; or

  2. 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.

Ajay Rajani

Ajay Rajani FCIE Fellow of the Association of Charity Independent Examiners Stewardship 1 Lamb's Passage London EC1Y 8AB

9 June 2023

Page 8

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE BAPTIST HAMPTON WICK

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 DECEMBER 2022

Note
INCOME FROM:
Donations
3
Charitable activities
4
Other trading activities
5
Investments
Total income and endowments
EXPENDITURE ON:
Charitable activities
6
Total expenditure
Net income/(expenditure)
Transfers between funds
13
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
13		 Unrestricted
Funds
£
577,646
17,007
28,725
782
624,159
656,363
656,363
(32,202)
-
(32,202)
290,486
258,283		 Restricted
Funds
£
58,359
-
-
-
58,359
50,951
50,951
7,408
-
7,408
58,223
65,631		 Total
Funds
2022
£
636,005
17,007
28,725
782
682,518
707,313
707,313
(24,796)
-
(24,796)
348,709
323,914		 Total
Funds
2021
£
667,692
6,908
32,519
653
707,772
649,235
649,235
58,537
-
58,537
290,172
348,709

The statement of financial activities includes all gains and losses recognised in the period.

All income and expenditure derive from continuing operations.

The notes on page 12 to 20 form part of these accounts.

Page 9

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE BAPTIST HAMPTON WICK

BALANCE SHEET

AS AT 31 DECEMBER 2022

Note
FIXED ASSETS
Tangible assets
8
CURRENT ASSETS
Debtors
9
Cash at bank and in hand
10
CREDITORS: Amounts falling
due within one year
11
Net current assets / (liabilities)
TOTAL NET ASSETS
FUND BALANCES
13
Unrestricted general funds
Restricted funds		 Unrestricted
Funds
£
15,247
15,247
29,344
229,242
258,586
(15,551)
243,036
258,283
258,283
-
258,283		 Restricted
Funds
£
-
-
-
65,631
65,631
-
65,631
65,631
-
65,631
65,631		 Total
Funds
2022
£
15,247
15,247
29,344
294,873
324,217
(15,551)
308,667
323,914
258,283
65,631
323,914		 Total
Funds
2021
£
32,614
32,614
31,916
296,661
328,577
(12,482)
316,095
348,709
290,486
58,223
348,709

The financial statements were approved by the members of the PCC and were signed on its behalf by:

Jerry Field

The Revd. Jerry Field Date 18 May 2023

Charity number: 1180021

The notes on page 12 to 20 form part of these accounts.

Page 10

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE BAPTIST HAMPTON WICK

FOR THE YEAR ENDED 31 DECEMBER 2022

CASH FLOW STATEMENT

Note
2022
£
Cash flows from operating activities:
Net cash provided by (used in) operating activities
a
1,762
Cash flows from investing activities:
Dividends, interest and rents from investments
782
Proceeds from the sale of property, plant and equipment
-
Purchase of property, plant and equipment
(4,333)
Net cash provided by/(used in) investing activities
(3,551)
(1,788)
b
296,661
b
294,873
Note a: Reconciliation of net income/(expenditure) to net cash flow from operating activities
2022
£
(24,796)
Adjustments for:
Depreciation charges and provisions for impairment
21,700
Gain on disposal of fixed assets
-
Interest from investments
(782)
(Increase)/decrease in debtors
2,572
Increase/(decrease) in creditors
3,068
Net cash provided by (used in) operating activities
1,762
Note b: Analysis of cash and cash equivalents
2022
£
Cash at bank with immediate access
108,978
Notice deposits (with a term of three months or less)
185,474
Petty cash
420
Total cash and cash equivalents
294,873
Net income/(expenditure) for the reporting period (as per the statement of financial
activities)
Cash and equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
Change in cash and equivalents in the reporting period		 2021
£
77,602
653
1,219
(8,934)
(7,061)
70,541
226,120
296,661
2021
£
58,537
26,254
(845)
(653)
(7,827)
2,137
77,602
2021
£
123,682
172,693
286
296,661

An analysis of changes in net debt has not been presented because the PCC does not have any borrowings.

Page 11

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE BAPTIST HAMPTON WICK

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2022

1 Statutory Information

The Parochial Church Council of The Ecclesiastical Parish of St John the Baptist Hampton Wick (the PCC) was registered as a charity with the Charity Commission in England & Wales on 21 September 2018. The charity's registered number and principal address can be found on the Charity Information page.

2 Accounting Policies

These financial statements are prepared on a going concern basis, under the historical cost convention. The financial statements include all activities for which the PCC is legally responsible; the activities of informal gatherings of church members and groups that owe their main affiliation to another body are excluded.

These financial statements have been prepared in accordance with The Church Accounting Regulations 2006, the 'Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)' ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102") and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.

The Charities (Accounts and Reports) Regulations 2008 (the '2008 Regulations') requires charities to prepare their accounts in accordance with 'Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005' but this accounting standard has since been withdrawn and has been replaced by the Charities SORP mentioned in the preceding paragraph. The charity has prepared these financial statements in accordance with the new Charities SORP; this departure from the 2008 Regulations is believed to be necessary for these financial statements to give a 'true and fair view'.

The principles adopted in the preparation of the financial statements are set out below.

a) Use of merger accounting

The PCC was registered as a charity on 21 September 2018 and its first financial statements were in respect of the period commencing on that date and ending on 31 December 2019. The PCC was dormant during the period from 21 September 2018 to 31 December 2018 and had no assets or liabilities on 31 December 2018. On 1 January 2019 The Mission Community of St John's Kingston Bridge (charity number 1148264) ("SJKB") transferred its assets, liabilities and activities to the PCC. As permitted by the Charities SORP, this transfer has been accounted for as a merger because it qualifies as a charity reconstruction (whereby the charity has simply changed its legal form). In accordance with the requirements of merger accounting, the assets and liabilities of SLKB were transferred at book value, not fair value, to the PCC.

b) Going concern

The PCC have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The PCC have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the PCC have considered the charity's forecasts and projections and the possible implications should projected income and / or expenditure vary unexpectedly. The PCC have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.

c) Income

Income (which includes planned giving, collections and other donations) is recognised in the period in which the charity becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part income is generally recognised when it is received by, or on behalf of, the PCC. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.

The charity has relied significantly upon volunteers in carrying out its activities during the year. In particular volunteers help to support Children, Youth, Men's and Women's ministries, run courses (including Alpha Course, Parenting Course, Marriage Course, Marriage Preparation Course), lead Worship and help with the Church administration. However, in accordance with the SORP, the value of these services has not been included in these financial statements as they cannot be reliably measured.

Income from charitable activities represents income receivable from goods, services and facilities supplied in furtherance of the charity's charitable objects. It includes income from church conferences, events and courses.

Income from other trading activities represents income receivable from activities undertaken to generate funds for the charity. It includes income from the letting of property held primarily for use in charitable activities.

The charity has taken the view that it has only one charitable activity, namely the advancement of the Christian faith, and all income from donations, legacies and charitable activities is in respect of this one activity.

Page 12

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE BAPTIST HAMPTON WICK

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2022

d) Expenditure

Contributions in respect of the diocesan parish share are included in the Statement of Financial Activities for all amounts agreed to being payable for the financial year. Any contributions that have not been paid over by the year end are included as a creditor.

The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity.

The Charities SORP requires charities with income over £500,000 to allocate costs to the various activities undertaken by the charity. The nature of the work of the church is considered to be so integrated that the core charitable activity costs are considered to be for the one activity.

Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.

e) Fund accounting

f) Tangible fixed assets

Movable church furnishings held by the incumbent and Churchwardens on special trust for the PCC and which require a faculty for disposal are capitalised in accordance with the policy set out below. These items are regarded as inalienable property and are listed in the church's inventory which can be inspected at any reasonable time. Inalienable property acquired prior to 2000 has not been capitalised as there is insufficient cost information available.

The PCC has been granted exclusive use of Bank House Storage (known as 'The Warehouse) for church and mission purposes, by the leaseholder, the London Diocesan Fund (LDF). The LDF took this 21-year lease from the landlord (HSBC Bank) with this sole purpose in mind. It is anticipated that the PCC will eventually take over this lease however, at 31 December 2022, this lease remained with the LDF. Though the PCC expects to have continued use of the Warehouse, it does not have any legal interest in the property and therefore the amounts spent on refurbishing the property have not been capitalised in these financial statements.

Items purchased or donated for the charity's own use are capitalised when the cost of purchased items, or the fair value of donated items, is more than £1,000 and the item is expected to benefit the charity over more than one accounting period. Depreciation is charged on a straight line basis so as to write down the value of each asset to its estimated residual value (if any) over its expected useful economic life. To achieve this objective the following rates of depreciation are charged:

Equipment 3 years

The carrying values of tangible fixed assets are reviewed for impairment in periods when events or changes in circumstances indicate that the carrying value may not be recoverable.

Page 13

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE BAPTIST HAMPTON WICK

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2022

h) Pension scheme arrangements

i) Taxation

j) Critical accounting estimates and areas of judgement

The members of the PCC do not consider that there are any material sources of estimation or uncertainty at the balance sheet date that could result in a material adjustment to the carrying values of assets and liabilities in the next reporting period.

3 Donations and legacies

Donations of cash and similar
Job Retention Scheme grants from government
Other grants receivable
4
Income from charitable activities
Church conferences, events and courses
5
Other trading income
Letting of church warehouse
6
Charitable expenditure
a
Costs incurred directly on activities
Staff costs
Common fund and stipend costs
Accommodation for clergy and other clergy expenses
Ministry expenses
Annual conferences and events (such as Focus)
Courses (such as Alpha)
Church running expenses
Warehouse rental and running costs
Grants payable (note 6c)		 2022
£
591,037
-
44,968
636,005
2022
£
17,007
17,007
2022
£
28,725
28,725
2022
£
229,610
150,985
87,909
54,630
24,348
10,748
37,194
34,193
629,617
42,111
671,728		 2021
£
645,800
2,876
19,016
667,692
2021
£
6,908
6,908
2021
£
32,519
32,519
2021
£
225,381
168,610
51,451
42,878
12,970
2,978
27,812
29,084
561,163
43,773
604,936

Page 14

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE BAPTIST HAMPTON WICK

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2022

b
Costs incurred on support & administration
Governance costs
Independent examiner's fee
Other
Church administration
Legal & professional Fees
Depreciation
Total expenditure		 2,640
-
2,640
3,138
8,108
21,700
35,585
707,313		 2,520
600
3,120
2,599
12,326
26,254
44,299
649,235

Total expenditure

The fee payable to the independent examiner for examining the accounts was £2,640 (2021: £2,520); in addition the charity paid £1,119 (2021: £1,263) to Stewardship for payroll bureau services.

c Grants payable

Grants for UK and overseas mission
Grants for the relief of poverty and hardship
Grants for UK based churches
Grant giving in year (see below)
The comparatives for the previous year are as follows:
Grants for UK and overseas mission
Grants for the relief of poverty and hardship
Grants for UK based churches
Grant giving in period (see below)
The charity's principal grants to institutions comprised:
UK and Overseas Mission
International Justice Mission
Room for Work
Justice and Care
Fusion
Justice Defenders
Barnabus Trust
RBK Schools Christian Worker Trust
The East to West Trust
Gift of Blessing Trust
Alpha International (for Ukraine)
Insight Schools Work
Other Institutions
Relief of poverty and hardship
Hope Health Action
Tearfund
Support for UK based Churches
All Saints, Hampton
Activate Church, Teddington
St Richards, Ham		 Institutions
£
17,526
15,120
6,000
38,646
Institutions
£
14,140
12,700
13,560
40,400		 Individuals
£
-
3,465
-
3,465
Individuals
£
-
3,373
-
3,373
2022
£
3,460
3,600
2,250
1,400
-
1,500
-
1,000
1,200
1,021
1,000
1,096
9,200
5,920
2,000
4,000
-
38,646		 2022
£
17,526
18,585
6,000
42,111
2021
£
14,140
16,073
13,560
43,773
2021
£
1,375
3,600
1,500
1,200
1,500
1,375
1,000
1,000
-
-
-
1,590
7,700
5,000
8,560
3,000
2,000
40,400

Page 15

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE BAPTIST HAMPTON WICK

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2022

7 Analysis of staff costs, the cost of key management personnel and trustee remuneration

ysis of staff costs, the cost of key management personnel and trustee remuneration
Gross wages and salaries
Social security
Pension costs
Other employment costs		 2022
£
202,959
12,406
8,401
5,845
229,610		 2021
£
200,608
12,268
8,415
4,090
225,381
Gross wages and salaries
202,959
200,608
Social security
12,406
12,268
Pension costs
8,401
8,415
Other employment costs
5,845
4,090
229,610
225,381		 Gross wages and salaries
202,959
200,608
Social security
12,406
12,268
Pension costs
8,401
8,415
Other employment costs
5,845
4,090
229,610
225,381		 Gross wages and salaries
202,959
200,608
Social security
12,406
12,268
Pension costs
8,401
8,415
Other employment costs
5,845
4,090
229,610
225,381
Most of the charity's activities are carried out by volunteers. The average monthly number of employees and the related full time
equivalent is given below:
2022 2021
Average monthly number of employees 13 12.9
Full time equivalent 8 8.2

No staff received salaries at a rate of more than £60,000 per annum.

Revd. Jerry Field and Revd. Anna Evans (who are clergy members of the PCC) receive a stipend from the Diocese and so they are not employees; some of the Parish Share paid to the Diocese is used to help meet the cost of these stipends. Revd. Anna Evans was provided with accommodation (which is customary for clergy) so that she could better perform her duties and the cost of this accommodation to the PCC was £33,244 (2021: £30,416).

No member of the PCC received employment benefits in either the current or preceding year.

8 Tangible fixed assets

Cost
At 1 January 2022
Additions
At 31 December 2022
Accumulated depreciation
At 1 January 2022
Charge for the year
At 31 December 2022
Net book value
At 31 December 2022
At 31 December 2021
9
Debtors
Trade debtors
Prepayments and accrued income
10
Cash at Bank and in Hand
Bank operating accounts
Bank deposits
Petty cash		 Fixtures,
fittings and
equipment
£
183,268
4,333
187,601
150,654
21,700
172,354
15,247
32,614
2022
£
520
28,824
29,344
2022
£
108,978
185,474
420
294,873		 Total
2022
£
183,268
4,333
187,601
150,654
21,700
172,354
15,247
32,614
2021
£
4,403
27,513
31,916
2021
£
123,682
172,693
286
296,661

Page 16

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE BAPTIST HAMPTON WICK

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2022

11 Creditors: liabilities falling due within one year

itors: liabilities falling due within one year
Trade Creditors
Accruals
Deferred Income
Other creditors		 2022
£
2,927
2,640
2,871
7,113
15,551		 2021
£
1,815
2,520
2,871
5,277
12,482

Deferred income represents income received in advance for events and conferences that, it was hoped, would be able to take place in 2021. Unfortunately, due to the pandemic, they have had to be postponed and it is hoped that they will now take place in 2023.

12 Pension commitments

The Church Workers Pension Fund (CWPF)

The PCC participates in the Pension Builder Scheme section of CWPF for lay staff. CWPF is administered by the Church of England Pensions Board, which holds the CWPF assets separately from those of the Employer and other participating employers.

CWPF has two sections:

2. the Pension Builder Scheme, which has two subsections;

a. a deferred annuity section known as Pension Builder Classic, and,

b. a cash balance section known as Pension Builder 2014.

Pension Builder Scheme

Both sections of the Pension Builder Scheme are classed as defined benefit schemes.

Pension Builder Classic provides a pension, accumulated from contributions paid and converted into a deferred annuity during employment based on terms set and reviewed by the Church of England Pensions Board from time to time. Discretionary increases may also be added, depending on investment returns and other factors.

Pension Builder 2014 is a cash balance scheme that provides a lump sum which members use to provide benefits at retirement. Pension contributions are recorded in an account for each member. Discretionary bonuses may be added before retirement, depending on investment returns and other factors. The account, plus any bonuses declared is payable, unreduced, from age 65.

There is no sub-division of assets between employers in each section of the Pension Builder Scheme.

The scheme is considered to be a multi-employer scheme as described in Section 28 of FRS 102. This is because it is not possible to attribute the Pension Builder Scheme’s assets and liabilities to specific employers and means that contributions are accounted for as if the Scheme were a defined contribution scheme. The pensions costs charged to the SoFA in the year are the contributions payable (2022: £8,401, 2021: £8,415).

A valuation of the Pension Builder Scheme is carried out once every three years. The most recent valuation was carried out as at 31 December 2019. The next valuation is due as at 31 December 2022.

For the Pension Builder Classic section, the valuation revealed a deficit of £4.8m on the ongoing assumptions used. At the most recent annual review, the Board chose to grant a discretionary bonus of 3% following improvements in the funding position over 2021. There is no requirement for deficit payments at the current time.

For the Pension Builder 2014 section, the valuation revealed a surplus of £5.5m on the ongoing assumptions used. There is no requirement for deficit payments at the current time.

The legal structure of the Scheme is such that if another employer fails, the PCC could become responsible for paying a share of that employer’s pension liabilities.

Page 17

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE BAPTIST HAMPTON WICK

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2022

13 Funds

During the year the movements in the charity's funds were as follows:

Unrestricted general funds
Total Unrestricted Funds
Restricted Funds
Building fund
Hardship fund
Curate and staff fund
Ukraine relief fund
School bag fund
Root Café fund
Aggregate of funds		 Opening
balance
2022
£
290,486
290,486
52,719
5,504
-
-
-
-
58,223
348,709		 Incoming
resources
2022
£
624,159
624,159
7,841
2,350
44,968
1,135
1,175
890
58,359
682,518		 Outgoing
resources
2022
£
(656,363)
(656,363)
-
(3,465)
(44,968)
(1,021)
(1,175)
(322)
(50,951)
(707,313)		 Transfers
in the year
2022
£
-
-
-
-
-
-
-
-
-
-		 Closing
balance
2022
£
258,283
258,283
60,560
4,389
-
115
-
568
65,631
323,914

Analysis of net assets by fund

The assets and liabilities of the various funds were as follows:

Tangible fixed assets
Debtors
Cash at bank and in hand
Creditors falling due within one year		 Unrestricted
general
funds
£
15,247
29,344
229,242
(15,551)
258,283		 Restricted
funds
£
-
-
65,631
-
65,631		 2022
£
15,247
29,344
294,873
(15,551)
323,914

In the previous year the movements in the charity's funds were as follows:

Unrestricted general funds
Restricted Funds
Building Fund
Hardship fund
Curate Fund
Aggregate of funds		 Opening
balance
2021
£
237,453
237,453
52,719
-
-
52,719
290,172		 Incoming
resources
2021
£
679,880
679,880
-
8,876
19,016
27,892
707,772		 Outgoing
resources
2021
£
(626,847)
(626,847)
-
(3,372)
(19,016)
(22,388)
(649,235)		 Transfers
in the year
2021
£
-
-
-
-
-
-
-		 Closing
balance
2021
£
290,486
290,486
52,719
5,504
-
58,223
348,709

Page 18

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE BAPTIST HAMPTON WICK

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2022

13 Funds continued

Analysis of net assets by fund

In the previous year, the assets and liabilities of the various funds were as follows:

ds continued
ysis of net assets by fund
e previous year, the assets and liabilities of the various funds were as follows:
Tangible fixed assets
Debtors
Cash at bank and in hand
Creditors falling due within one year		 Unrestricted
general
funds
£
32,614
31,916
238,438
(12,482)
290,486		 Restricted
funds
£
-
-
58,223
-
58,223		 2021
£
32,614
31,916
296,661
(12,482)
348,709

Restricted funds

The Building fund was created from donations received to help meet the cost of renovations to church property. The Hardship fund was created from donations received to help those facing financial hardship .

The Curate and staff fund was created from grants received from the Church Revitalisation Trust to help meet the cost of taking on a new curate and to help fund the post of Operations Director. It has been used to help pay for accommodation provided to the Curate and the salary of the Operations Director.

The Ukraine Relief fund was created from donations received to help those affected by the war in Ukraine.

The School Bag fund was created from donations received to help children at local schools.

The Root Café fund was created from donations received to help pay for a café where young people can meet weekly.

14 Operating lease commitments

The charity has operating leases for residential property used by clergy. The minimum amount payable (until the next break clause and ignoring the potential effect of future rent reviews) in respect of these leases is as follows:

Within one year
Between one and five years
Payments falling due:		 2022
£
56,400
16,200
72,600		 2021
£
48,500
51,300
99,800

During the year the charity was charged £77,700 (2021: £41,100) for its operating lease.

15 Transactions with related parties

During the year the PCC:

Except for the reimbursement of expenses incurred when acting as agent, or incurred when undertaking duties associated with serving as clergy, no expenses were paid to (or for) members of the PCC.

Page 19

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE BAPTIST HAMPTON WICK

DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES

FOR THE YEAR ENDED 31 DECEMBER 2022

Note
INCOME FROM:
Donations
3
Charitable activities
4
Other trading activities
5
Investments
Total income
EXPENDITURE ON:
Charitable activities:
6
Total Expenditure
Net income/(expenditure)
Transfers between funds
13
Net movement in funds
Reconciliation of funds:
Total funds carried forward
13		 General
Designated
funds
funds
2022
2022
£
£
577,646
-
17,007
-
28,725
-
782
-
624,159
-
656,363
-
656,363
-
(32,202)
-
-
-
(32,202)
-
258,283
-
Unrestricted funds		 Restricted
funds
2022
£
58,359
-
-
-
58,359
50,951
50,951
7,408
-
7,408
65,631		 Total
2022
£
636,005
17,007
28,725
782
682,518
707,313
707,313
(24,796)
-
(24,796)
323,914		 General
Designated
funds
funds
2021
2021
£
£
639,800
-
6,908
-
32,519
-
653
-
679,880
-
626,847
-
626,847
-
53,033
-
-
-
53,033
-
290,486
-
Unrestricted funds		 Restricted
funds
2021
£
27,892
-
-
-
27,892
22,388
22,388
5,504
-
5,504
58,223		 Total
2021
£
667,692
6,908
32,519
653
707,772
649,235
649,235
58,537
-
58,537
348,709

Page 20