##
||Page|
|---|---|
|Report ofthe Trustees|1 to 5|
|Independent
Examiner's
Report||
|Report Statement of Financial Activities||
|Balance Sheet||
|Notes to the Financial Statements|9to 13|
|Detailed Statement of Financial Activities|14&15|
|Table of Non-Investment
Assets||
##
##
|The hampers
for every child
As a result, 60 families
from|The hampers
for every child
As a result, 60 families
from|The hampers
for every child
As a result, 60 families
from|and every adult had a new gift
the hub and an additional
30|and every adult had a new gift
the hub and an additional
30|they could give to someone else as
families at Friday
Hill were supplied|they could give to someone else as
families at Friday
Hill were supplied|they could give to someone else as
families at Friday
Hill were supplied|they could give to someone else as
families at Friday
Hill were supplied|they could give to someone else as
families at Friday
Hill were supplied||a present.
with a very|a present.
with a very|a present.
with a very|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|large
Christmas|hamper.||The
Hub
management
team||would|like|to thank
the
following|||||charities,||
|organisations
and||business for their support since the opening
either financially
or in kind.||||||||||||
|0
anisation||Financia|n Kind
Or anisation||Financia|In Kind||0
anisation|Financial||||n Kin|
|LBWaltham
Forest|||Bamab
Ltd|||||Le ton 6th Form||||||
|Ci
Brid eTrust|||Providus
Financial||X|||Hollands Care||||||
|Urbaser
Ltd|||Samaritan's
Purse||X|||Go Universal
Ltd||||||
|Yusuf LLP|||Dendale
Construction|||||Lotte
Covid Fund||X||||
|Hi hams Park CIC|||Stow Residential|||||Red LoR LLP|||||X|
||||3Dimension
Insulation
Ltd||X|||Crowdfunder
UK||||||
||||West Essex Football Club||X|||All Churches
Trust||X||||
||||Hi hams Park Ba tist Church||X|||Lotus Health
Ltd||||||
|Le ton Orient FC|||X
Eas
Fundraisin|||||Amazon
Euro e||||||
|Arnold Clark Autos|||The Bi
Give||X|||Fre
Bentos||||||
|Hovis|||X
Tesco Stores|||||Morrisons||||||
|hin
fordCricketClub|||X
Handsworth
Prima|||||Hi hamsPkSchool||||||
|Jon's appointment
was not the only change to the church's
staffing structure.
Peter Rogers was appointed
to a new role of Community
Development
Manager.
His previous
role as Administrator
was filled by Claire
Godden who took up the role in July 2021.Claire's hours were increased
in the Autumn
as she took on the||||||||||||||
|day-to-day
financial||responsibilities
from Mick Holloway,||the Treasurer.|||The final appointment|||was|||that of|
|Anita Mottley as Pastoral Assistant,
supporting
the Vicar.||||Anita reports to||||Revd Malcolm Porter|||whilst Jon,|||
|Claire and Chris Joy, the church's caretaker,
report to Peter, who in turn|||||||reports to Malcolm.|||||||
##
|follow-up to a conc|follow-up to a conc|ern rais|ed
in 2020.||||||
|---|---|---|---|---|---|---|---|---|
|Risk Assessment|||||||||
|The PCC is responsible
for carrying
out the assessment
of Reputational,|||||Organisational,||Financial and||
|Legal risks prior|to engaging
in any proposed
activity.||||||||
|Risk|Miti ation||||||||
|Reputational|~|Provide|appropriate
safeguarding
training
to relevant||staff and volunteers||||
||~|Ensure|Health and Safety procedures
are followed||||||
||~|Ensure|ublici
material
is checked for accurac
and||ke t u -to-date||||
|Organisational|~|Succession
planning
and cover arrangements||for key|roles||||
||~|Ensure|'ob and volunteer
task descri
tions are|clear and re
ularl||reviewed|||
|Financial|~|Ensure|sufficient funding
is raised to cover committed||project costs||||
||~|Ensure|best practice financial
procedures
are|followed
with respect|||to expenditure||
|||authorization
and the handlin
ofcash|||||||
|Legal|~|Ensure|compliance
with all relevant
legislation|with regard to public||buildings,||Health|
|||and Safe
and Em
lo ment|||||||
##
##
##
##
##
##
##
##
##
##
##
||||Unrestricted|Restricted|2021 Total|2020 Total|
|---|---|---|---|---|---|---|
|||Note|funds
f|-funds|funds
E|funds
F|
|INCOME AND ENDOWMENTS|FROM||||||
|Donations
Le acies|||40,870
500|24,453|65,323
500|47,972
154,912|
||||41,370|24,453|65,823|202,684|
|Investment
income|||71|20|91|137|
|Charitable
activities|||||||
|Church Activities|||4,666|-|4,666|28,143|
|Other trading
activities|||18,271||18,271|15,416|
|Grant Income|||1 604|18550|20,154|43,650|
|Total|||65,882|43,023|109,005|290,230|
|EXPENDITURE ON|||||||
|Depreciation
ofassets|||1,075|1,220|2,295|309|
|Raising funds|||22,051||22,051|23,402|
|Charitable
activities|||||||
|Church Activities|||85,647|27,062|112,708|93,122|
|Total|||108,773|28,282|137,055|116,833|
|NET (EXPENDITURE)/INCOME|||(42,791)|14,741|(28,050)|173,397|
|RECONCILIATION
OF FUNDS|||||||
|Total funds brou
ht forward|||181,541|50,684|232,225|58,828|
|TOTAL FUNDS CARRIED FORWARD|||138,750|65420|204 175|232,225|
##
##
##
##
|||||||Unrestricted|Restricted|2021 Total|2020 Total|
|---|---|---|---|---|---|---|---|---|---|
||||||Note|fundsf|funds|funds|funds|
|FIXEDASSETS||||||||||
|Investments||||||137,981|6,726|144,707|31,425|
|Other fixed assets||||||1,532|7,263|8795|6,267|
|Total||||||139,513|13,989|153,502|37,692|
|CURRENT ASSETS||||||||||
|Debtors||||||8,289|6,410|14,699|29,434|
|Cash at bank and||in|hand||||47,916|47,916|21,285|
|Held in CCLA Holdin|||Account||||||154,912|
|Total||||||8,289|54,326|62,615|' 205,631|
|CREDITORS||||||||||
|Amounts
fallin|due within one|||ear|10|9,052|2,890|11942|11,098|
|NET CURRENT|ASSETS|||||-763|51,436|50,673|194,533|
|TOTAL ASSETS
LIABILITIES||LESSCURRENT||||138,750|65,425|204,175|232,225|
|NET ASSETS||||||138,750|. 65,425|204,175|232,225|
|FUNDS||||||||||
|Unrestricted
funds||||||138,750||138,750|181,541|
|Restricted funds|||||||65,425|65425|50,684|
|TOTAL FUNDS||||||138750|65,425|204175|232,225|
##
##
##
##
|1.ACCOUNTING
POLICIES —continued|1.ACCOUNTING
POLICIES —continued|1.ACCOUNTING
POLICIES —continued||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Fixed assets and depreciation||||||||||||||||
|Consecrated
and beneficed
property|is excluded||from the|||accounts
by s.10(2)(a)ofthe Charities|||||||||Act 2011.|
|Movable church furnishings
held by the Vicar and|||Church|||wardens|||on special||trust||forthe PCC and which|||
|require a faculty fordisposal are accounted||foras inalienable|||||property
unless consecrated.
They are listed|||||||||
|in the Church's
Inventory
which can be||inspected||at|any|||reasonable||time. For inalienable|||||property|
|acquired
prior to 2001 there is insufficient
cost information||||||||available||and|therefore
such|||assets are||
|not valued
in the accounts.
Items|acquired||since||1 January
2001 have|||||||been
capitalised
and||||
|depreciated
in the accounts over their anticipated||||useful|||economic
life as described
in the following|||||||||
|table.
Investment
assets are included
at||market value.||||||||||||||
|Asset|Date ofAcquisition|||||||ost|ofAcquisition||||Annual
Depreciation
Duration|||
|xpenditure
on
consecrated
or|Any|time||||||||||||||
|eneficed
buildin
s||||||||||||||||
|Repairs
to
moveable
church
urnishin
s|Prior to 1"Jan 2001||||||||n/a||||Written off|||
|Inalienable
property|Post|31"Dec2000|||||||&61000
&61000||||20%|5|ears|
|ther fixtures,
fittings and office
quipment|Any|time|||||||&L500
&8500||||25%
Written|4 years
off||
|Freehold
Buildings
The PCC acts||||||||||||||||
|s
Managing
Trustee
snd
the
Chelmsford
Diocesan
Board
of|An|time|||||||No limit||||2%|50years||
|inance acts as Custodian
Trustee||||||||||||||||
|Buildin
and
ardenmaintenance*|An|time|||||||No limit||||Written|off||
|*The premises have a value in use" which||is assumed|||to be|||zero|to cover operating costs|||||||
|2. DONATIONS
AND LEGACIES|||||||||||||2021||2020f|
|Planned
giving|||||||||||||31,679||33,797|
|Collections|||||||||||||2,182||960|
|Legacies|||||||||||||500||154,912|
|Church donations|||||||||||||832||5,879|
|Income tax recovered
includin
GASDS|||||||||||||6 177||7336|
|Total|||||||||||||41,370||202,884|
|The total amount ofvoluntary
income given by|||Parochial||||||||2021||||2020|
|Church Council members,
their close family members||||||and||Unrestricted|||Restricted
Total||||Total|
|associates through
standing
orders|and planned|||giving|||||||||6||F|
|including
income tax recoverable
is|||||||||20,045|||1,444
21,489|||25,633|
|3.
OTHER TRADING ACTIVITIES|||||||||||||2021||2020|
||||||||||||||6|||
|Activities for generating
funds|||||||||||||18,271||15,416|
|4.
INVESTMENT INCOME|||||||||||||2021
6||2020f|
|Bank and CBFdeposit account interest|||||||||||||91||137|
##
##
##
##
|.Net movement
in f|unds,
included
in the a|bove is as follows:|||
|---|---|---|---|---|
|||Incoming|Resources|Movement|
|Unrestricted
funds||resources
f|expended
f|in funds|
|General
fund
Farr Legacy Fund
Joy Farrow Legacy||64,530
11
59|(68,707)
(120)
38,564|(4,177)
(109)
38505|
|Total Unrestricted|funds|54,800|(107,391)|(42,791)|
|Restricted funds|||||
|Charitable
Giving
Organ Fund||2,802
4|(2,802)|4|
|Flower Fund
Food Hub
Chair fund||0
44,535
1|(108)
(29,691)|(108)
14,844
1|
|Total Restricted funds||47,342|32,501)|14,741|
|TOTAL FUNDS||111,942|(139,992)|(28,050)|
##
##
|3. FIXEDASSETS —DE|TAILED||||
|---|---|---|---|---|
||Freehold|Inalienable|Fixtures||
||Buildings|property|8 Fittings|Total|
|COST|||||
|As at 1 January 2021|2,500|800|20,796|24,096|
|Additions|||6,430|6,430|
|At 31 December 2021|2500|800|27,226|30,526|
|DEPRECIATION|||||
|As at 1 January 2021|2,500|800|14,528|17,828|
|Charge for the Year|||3,903|~3903|
|At 31 December 2021|2 500|800|18431|21 731|
|NET BOOK VALUE|||||
|At 31 December 2021|||8,795|8,795|
|At 31 December 2020|||6,268|6,268|
##
##
|FOR T|FOR T|FOR T|H|E YEA|R|ENDED|31 DECEMB|ER 2021|||
|---|---|---|---|---|---|---|---|---|---|---|
|INCOINE AND ENDOWMENTS|||||||||2021|2020|
|Donations
and legacies|||||||||6|6|
|Planned
giving|||||||||31,679|33,797|
|Collections|||||||||2,182|960|
|Legacies|||||||||500|154,912|
|Donations|||||||||832|5,879|
|Income tax recovered
includin|||GASDS||||||6177|7,336|
|Total Donations
and legacies|||||||||41,370|202,884|
|Other trading activities|||||||||||
|Activities for generating|funds||||||||18,271|15,416|
|Investment
and other income|||||||||||
|Bank and CBFdeposit account|||interest||||||75|137|
|Charitable
activities|||||||||||
|Parochial fees|||||||||774|45|
|Church
activities|||||||||90|197|
|HMRC Furlou
h Grant|||||||||1 604|819*|
|Individual||Donations|||||||17,185|18,535|
|Hub Caf6||Donations|||||||496||
|Food Hub
Income tax recovered
Business donations|||||||||161
5,007|2,308
6,200|
|Interest received|||||||||16||
|Grant|Income||||||||20 154|33,650|
|Total Income for Food|Hub||||||||43,019|60,693|
|Charity fundraising|||||||||2,802|497|
|Sponsorship
for mission|activity||||||||1,000|10,361|
|Total Charitable
activities|||||||||46,821|71,793|
|Total incoming resources|||||||||109,005|290,230|
|EXPENDITURE|||||||||||
|Raising Income|||||||||||
|Wages|||||||||16,958|17,447|
|Fundraising
Admin Costs|||||||||752||
|Hall operating
costs|||||||||4,082|3,080|
|Food Hub Restricted
Fundraisin||||costs|||||259|2,875|
|Total on Raising Income|||||||||22,051|23,402|
|Charitable
activities|||||||||||
|Diocesan parish share|||||||||29,343|29,460|
|Parochial Fees|||||||||517||
|Church
operating
costs|||||||||7,298|10,468|
|Clergy expenses|||||||||510|1,175|
|Upkeep ofservices|||||||||1,018|3,205|
|Upkeep of churchyard|||||||||2,445|2,197|
|Charitable
activities|||||||||17,336|110|
|Total Charitable
Activities expenditure|||||||||58,467|46,615|
|||Royal British Legion|||||||73||
|||Support for||||AW's South American||Project||56|
|||Nicodemus||||Trust grant||||10,000|
|||Children's|||Society||||2,429|441|
|||Christian|||Aid||||300||
|Total Charitable
Givin|||||||||2,802|10,497|
|Charitable
Ex enditure|carried|||forward|||||61,269|57,112|
|This page does not form|||part ofthe|||statutory|financial statements||Page 14||
##
##
|Charitable|Ex|enditure|enditure|carried forward|carried forward|carried forward|||||61,269|57,112|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||Archdeacon's|||charity|||1,506|1,617|
||||||Forest Churches||||Winter Shelter||1,506||
|Mission Tithe|||||Christian
Children's|Aid
Society|||||1,506
1,506|1,617|
||||||Nicodemus||Trust|||||1,617|
||||||Africa inland|||Mission||Ruth||1,616|
|Total Mission Tithe|||||||||||6,024|6,467|
||||||Staff costs||||||1,900||
||||||Volunteer|Training|||||795||
||||||Composting||||||504||
||||||Food and|toiletries|||||16,555|11,900|
||||||Sanitiser|&|PPE||||267|416|
||||||Deliveries||||||1,547|546|
|Highams
Park Food|||Hub||Catering|||||||2,193|
||||||Waste Disposal||||||320|356|
||||||Equipment|and containers|||||1,824|1,303|
||||||Equipment|depreciation|||||1,220|1,220|
||||||Stationery,|phones etc|||||790|677|
||||||Utilities||||||2,043||
||||||Hub Caf8||||||519||
|Total Hi hams||Park|Food||Hub||||||28,284|18,611|
|Total Charitable||Activities|||Expenditure||||||95,577|82,190|
|Support costs|||||||||||||
|Management|||||||||||||
|Wages|||||||||||13,851|6,070|
|Administration|||||||||||923|2,459|
|Equipment,|furniture||and|fittings|||||||121|1,075|
|De reciation|||||||||||1,075|309|
|Total Management|||||||||||15,970|9,913|
|Finance|||||||||||||
|Bank charges|||||||||||207|128|
|Governance|costs||||||||||||
|Independent|Examination||||||||||3,250|1,200|
|Total resources||ex|ended||||||||137,055|116,833|
|Net Deficit|/Income||||||||||28,050)|173,397|
##
##
|||||AcquisiTion|AcquisiTion||Book|Value|
|---|---|---|---|---|---|---|---|---|
|||||Year|Cost||2021
f|2020|
|Church
Hall||||1935|2,500.00|100|||
|Selwyn Lounge, Office, Toilets and Vestry||||1960s|?|100|||
|Inalienable
property|||||||||
|Pipe Organ (from original||parish church post WWII)||Pre 1912||100|||
|Choir stalls||||1895||100|||
|Lectern (from original|parish church post WWII)|||1912||100|||
|Bishop's Chairs (from|original
parish church post|||1912||100|||
|WWII)|||||||||
|Church Pews (5)||||1895|?|100|||
|Font||||1947|?|100|||
|Church Plate (from original||parish church post WWII)||1912|?|100|||
|Congregational
Chairs|(130)|||2015|800.00*|100|||
|Other fixtures, fittings and|||office equipment||||||
|Food Hub Storage Container|||and racking|2020|4879.80|50|2439.90|3,659.85|
|Second Food Hub Storage Container||||2021|3000.00|25|2250.00||
|2Garden shed||||2014|donated|n/a|||
|Electric Organ||||1978|5500.00|100|||
|Grand Piano||||?|donated|n/a|||
|Music Equipment||||2015|800.00|100|||
|Electric drum
kit||||2016|417.00|100|||
|Foldback speaker||||2016|279.00|100|||
|Guitar Amplifier
(Marshall||RS50)||2018|249.00|100|||
|Vestry Table (from original||parish church post WWII)||1932|?|100|||
|Hymn and Prayer Bookcase||||1947|?|100|||
|Office Desk||||2015|donated|n/a|||
|Office Chair||||2017|donated|n/a|||
|Hall Blinds||||2016|1056.00|100|||
|Nursery
Chairs (20)||||Pre 2013|?|100|||
|Nursery
Chairs (10)||||2016|40.99|100|||
|Hall Chairs (100)||||2013|502.57|100|||
|Go-pac Table trolley||||2013|290.44|100|||
|Go-Pac Tables (12)||||Pre 2013|?|100|||
|Go-Pac Tables (12)||||2015|665.93|100|||
|900x900folding tables|(8)|||2016|221.84|100|||
|Nursery
Tables (10)||||Pre 2013|?|100|||
|Office Printer/Copier||||2019|101.00|100|||
|Administrator's
Laptop||||2017|561.99|100|||
|Router booster||||2019|171.00|100|||
|Hub Laptops||||2021|2188.42|75|1541.31||
|Hub Picnic tables and|benches|||2021|1242.07|75|931.55||
|Worship
Laptop||||2018|1236.00|100||309.00|
|Sound system||||2020|3064.50|50|1532.25|2,298.38|
|Hall Oil Heaters||||2015|129.98|100|||
|Gas Cooker||||2016|438.00|100|||
|Hall Kitchen Fridge||||2016|71.79|100|||
|Church
Kitchen Fridge||||2016|118.94|100|||
|Coffee Machine
2||||2016|donated|n/a|||
|Total remaining
book-value
Haulage cost an additional f539.99|||||||8795.01|6,267.23|