PAROCHIAL CHURCH COUNCIL OF ALL SAINTS CHURCH HIGHAMS PARK ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2022
ALL SAINTS CHURCH HIGHAMS PARK INDEX Year end¢d 31 D•cemb*r 2022 Page Report of the Parochial Church Council Objectivès and actr¥rti¢$ Achievemersts and perforrronce in the year Future pLins Financrdl review StrL¢¢tsJrei governance and rrAttagement Trustees, re$pon$ibilitie5 AdmsTristrauve details Independent exarniner's report Statement ol linancval activltie$ Balance $hèet 10 Notes to the financial statements
ALL SAINTS CHURCH HIGHAMS PARK REPORT OF THE PAROCHIAL CHURCH COUNCIL Yoar tnded 31 December 2022 The Parochial Church Couniil IF£CI tsf All S3ints Churth Highams Park presents its annual repcrt, together with the financBI ststements, lor the year ended 31 Detember 2021 The Trustee$ have adopted the provisio¢)s of the Statement ol Recornmettded Practice ISORP) "Accounting and Reporting by Charities" (Financial Repo8 Stsndard 102 {FRS 10211 In preparing the annual report and flnancral $12tements of the charity. OBJECTIVES AND ACTIVITIES Purpose: All Saints Church Higham5 Park'5 prlncipal purpose is ¢0 promote in the parish the whole mission of the ch¥rch - dstora1, social and ecumenical. Publlt B•nefft: Our main activitses are descrlbed below and are undertaken tts further our tharlcablt purposes for the public benefit When planning attivities for the year, the Trustees have considered the Charity Commis$iott's guidance on public benefiL The church olfers regular worship oPPOrtunitie5 3¢ leaK three times a week for its members which are also open to the local tommuThlty. The church also offer5 5UPPOrt services to the Community by way of a Food Bank opefi 11<e a weel a free COMMnIrY Café open once a week and a free debt recovery and nmnagement service. provided via a partnership agreement with Christians A83inst Poverty ICAPI. The church also mkes the church hall aydilable for hire as a community space whkh 15 used weekly by 14 drflerent Owdnisations including pre and after school play groups. a childminder Collect¢. sports. thnce and children's acllvry grotsp5, a Èidge tlub and thè lotal Scout Group. ACHIEVEMENTS AND PERFORMANCE IN THE YEAR In addition tg Its Usual weekly ser¥i¢e5, the development of a mid.week worship and study 0P h35 been very su£cessfyl this year 2nd. on mny occa5ion5. F4S5ers-by have ju$t sat in the porch or cgme into the back of the church to listen to us worshiping. The church also delivered three focus events during the year. The church vra$ hhlY decorated with thousaDd$ ol knitted poppies to provide the focus for a Remembrance evenL Wth the church being open reguhrly for a for[nht for members of the public to see the txhlbkion and spend time in quiet reflec¢ion, which Yrds well attended. We also provided 3 Wlnter Lights Day as a positive akernatNe to the '£elebrarion' of Halloween. As the church vrds 04) the route of the Highams Park Halloween tra(1, dozens of local community member$ visited u$ for hot chocolaté, a warming fire toasted marshmallows and also visited the church to take part in activi¢ie& At Chrt5tnrdS, we worked wTrth the communiry arts group to provide a Nativiry Trdil around 24 venues in th parish, where tommunity members could visit a decorated advent wndow at each location and collect jigsaw piece for a natIV scene. The Yinale. at the church on Christrros Eve Saw hundreds attend tts collert their last jigsaw piece, enjoy a hot chocote and then attend the ChrirtrTk5 Service. In addition. we also pro¥Sded RE lessons ID the ¢hurch for severnl local Schools. durln¥ the year. The continued to flourish with the food bank supporting incre3sed numbers. joining with the Local Authoriry's'winter Warm Rooms. iniirative enable Us to open the free Community CalÉ lor longer hours on a Wednesday and help distribute prattical support item5 such as new Ydrm clothing and house energy ¢onsetyat1ori Ite¥ Such as draft excluders.
ALL SAINTS CHURCH HIGHAMS PARK
REPORT OF THE PAROCHIAL CHURCH COUNCIL
Year ended J l D•c¢mber 2022
The Hub did well financially wr
ALL SAINTS CHURCH HIGHAMS PARK REPORT OF THE PAROCHIAL CHURCH COUNCIL Year end¢d 31 Decémber 2022 Balance Sheet posltlon The net assets at the balance sheet date totslled £153k12021.. £204kl. lThcluded In this ligur £82k is held In re5tritted fund4 leavin8 171 k unrtwlcted funds. The total rd$h balance at year end amounted to £146k of which £73k is restrirted (see note 15). £30k is set aside in the loy Farrow Lerdcy fund for church maintenance and repair leaving £43k for genÈral operating actfvlties, which 1$ sufficient for 5.7 month$ of normal operatyng attvIties, based on 2023 budget figures. The Trustees consider that the operatioD$ ¢ontinue to be vFablt gfven the current rate of income and unrestricted fund$. Rgserves polky Free ieseTh We are a faith communiry 2nd rety prlncipalty on futtdTrn¥ from members of the congregation as led by God. It is the PCC'S policy to maintsin a Ettlanee of available general unrestricted funds in cash ?nd b3nk accounts Iwhere po$sibl¢l to matntain cash flows needed to meet 211 day.to-day operating c05t5 and expenses and to cover 6 months of committed employment cos¢s. The PCC reviews the cash flow and financial situation of the church at each ol its regular meering& Free reserves at 31" Deiember 2022 totalled £71.501 {£138.750 20211. DesikmQted fvnds The PCC rny designate additional unrestricted lunds to be retained for an agreed purpose where this 1$ considered £0 be prudenL Such éesignated funds are reviewed on an annLt?I $15 2nd returned to the gereral unrestr¢cted fund in the event tha¢ the purpose of ¢heir designatlon 15 no longer considered to be adequate justrfication for ¢heir retentyon. At 31 December 2022 there were no designated fund$12021: £nill. Restrkted fvnds The PCC holds several restritted funds. totalling £82k at 31 December 202212021.. £65kl. A description of each fund together with the 5pecrfied use of the fund is Set out in note 14. STRUCTURE, GOVERNANCE AND MANAGEMENT Summary Informatlon about the structure of the Church of England The Church of Engknnd is the established church and HM The King is its Supreme Governor. It 1$ organised into two provlnces Icanrerbury and York) and 42 Dloceses. Each Diocese 15 a See under the care of a Bishop who is charged with the cure of Souls ol all the people wthin that geographic31 area. This charge is shared wth pries¢s Nwthin benefices and Forishes which are su&divi$ion$ of the Diocese. The Diocese of Chelmsford is split into three areas . Barking. Brath¥ell and Colchester - each with an area bishop. These areas are subdivided into archdeaconries and then deanerie$. Al Saints Church H4ghams Park is wYÈhin the Archdeaconry of Waltham Forest within the &rking Epistopal Area within the Diocese of Che[rr0rd. It is pxrt ol a Mission and Ministry Unr£ IMMUI of six parishes Called Al &ints' Minster.
ALL SAINTS CHURCH HIGHAMS PARK REPORT OF THE PAROCHIAL CHURCH COUNCIL Ye¥t ond•d 31 D¢c•mb¢r 2022 Organlsatlonal itnjctsre All S3int$ Church Hi8h3ms Park is part of the Diocese of Chelmsford w¢thin the Church of England. Under the provisions ol the Charities Att 2006 the parish registered sep3ratety with the Charity CommissioTrer5 in january 2021. The Ch3riry Regirtrdlion Number 1$ 1193213 and the HMRC Chariiies Reference Number is X80090. Its governing documents comprise the ParochAI Church Council Powèrs Me2$ure 119561 (a$ amended) and the Church Representation Rules. During the year ended 31 December 2022 Al Sainr5 Church Higharn$ Park rerrfjined registered as a separate Charity under the Charities Act 2011. Trustees Imember5 of the PCCI are either ex-offi¢io. el¢<t¢d by the APCM or co-tspted by the PCC in accordance wth the Church Repre5eTht3tTr Rule& Trustee recruitmènt and appolntm•nt A list of Trustees IPCC members) serying $in¢e l January 2022 to the date of this report Is set out on page 6. Active church nRmbers are nominatsd either by current PCC memr$ or by other church members for considerdtion as potential Truttees. Selection is by annual election by church members at the APCM in ccordance wth procedure$ set out in the Church Representation Rules. All Trustees have to sign an annual declaration that they are a fit and proper person and that they are Thot disqualrfied from Serving by the Church Represenution Rule5 as a Trustee. Potential Trustee5 are required to sn the dechrntion prior to election at the APCM. TRUSTEESP RESPONSIBILITIES The law applicable to chartties in England and Wales requires the members cf the PCC to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the PCC and ol the In¢omSns resources and application of r¢sour¢e$ during the year then ended. In preparing those flnancial statemen the members of the PCC shoJld follow best Pfdc¢i¢e and are required selett suitable atcountlng polScles and then appty thern cons55tènty, observe methods and prlnciples in the Charities SORP, rrAke ldgements and estimates thet are reasonable and prudent., state whether applicable accounting standards and 5tatemenE5 of recommended prdcdce have been followed, 5ubjert to any departures disclosed and exPIned in the financrdl sratements.. and prepare the financial statements on a 8oin8 concern basis unless it is inappropriate to assume ¢hat the ¢hur¢h will continue its activitie& The member5 of the PCC are resp)nsible for keeping proper aCcounng records which disclose reasonable accuracy at any time the financial positson of the church and which eTrablE them to en5urE that the financial ststements compty the Church Accounting Regulations 21J06 and the Charities Act 2011. The members of the PCC are also responsible for safeguarding the church's assets and hence for rakn'ng reasonable steps tovnrd$ the prevention and detettion of fraud and other irregu&rr(ies. The members of the PCC are re5ponsble for the rnaintettance and integrity of the corporate and financial information included in All Saints Church HigPAms Park website. Legislation in England and Wales governing the prepardtlon and dsssemination of financial statements and other information included in Annual Reports nmy drffer from legi5tiOn in other lurSsdi¢tlon&
ALL SAINTS CHURCH HIGHAMS PARK REPOR T OF THE PAROCHIAL CHURCH COUNCIL Year end¢d 31 Dtcèmb¢r 2022 USE OF VOLUNTEERS With onty five F4rt time stsff. most of the activities of the church are oryanised and delNered by volunteer5. The printlpal volunteer body ol the church is the Trustee Body, the Parochial Church Council IPCC), who meet as a management Committee betsyeen 5.8 times a year to nRnage the se¢utar developmenL operation and finan¢e5 of the church. The second signrficant volunt¢tr body of the church are the Hub volunteers who provide the Food Bank and free CommUnY Café. Led by a sperate volunteer nmnagement team. but responsible to the PCC a$ a Mis$ioTrary pr08rarnte, approxirnatety 70 volunteers, weewy source, sort and issue food to those in need In the local E4 area and run the Community Café. Members of thts ttam also fundraise and publicise the service. number of other volunteers en828e in irregular or onè.off attivitie5 Such a$ workin8 Parties to do rfOir*teDance work or deliver fundraisin8 events for example. DONATED GOODS, FACILITIES OR SERVICES With reFrd to donated goods. Ihe vast majority of the food we provide to those in need is donated to us by the general public and from food recovery programmes such as the Felrx project. wtth 50rne coming from the Local Authorrty and Some Irom 4 commer¢ial ¢oYnyanie& Tesco's. Hovis, Warbur¢ons and Nando'$. As these donations are Irregular, generated by surpluses which cannot be predicted, and in general redistributed within 2 days of receipt as rntsch Is Irèsh produce. we cannot value these donations and they are not reeognlstd In the accounts as they do not contribute to or adver5ety affect the budgeL we redistribuce what we are gNen with no net impacc We are extremely grateful ¢0 our donors for their continuing support and donation& No companies, organlsations or other charitie5 donate fac41ities or serv¢¢e$ to the Church. ADMINISTRATIVE DETAILS Trustee% During 2022 and to the datè of thi$ rèptsrt the following served as members of the PCC in the capacities listed.. Incumbent The Revd. Malcolrn Porter {ChairtrAnl Llcènséd Lay Mlnlster Michael HolloNway (Treasurer until SeptÈmbÈr 20221 Doan•ry Syn¢d Dlane lameso Mairwen Russell Churchwardéns Elton Mottley MaiThven Rell Hon Tr¢urer Michael Holloway (to August 20221 Simon WillTram5 (from August 20221 Elerted PCC M•mb¢ Constaritlne (Dinol Chapman Carolyn De'Ath {Secret3ry1 Colin Oupey Michelle Henry Mithael Holloway Ifrom August 2022) Sharon Waldman (from April 20231 Tracey Rogers Joanne Whftlarn (April 2022 to April 20231
ALL SASNTS CHURCH HIGHAMS PARK REPOR T OF THE PAROCHIAL CHURCH COUNCIL Y•ar •nd•d 31 D¢¢•mb¢r 2022 Steve WhitLim (to April 2022, Irom April 20231 Jarset Williams {from April 20231 Prlnclpal Offlce.. The Parish oifice of Al SatTrts Church HOaM$ Park Church Avenue, London, E4 9QZ This report was approvÈd by the PCC on 18th Sèptember 2023 and Signed on its behaw by. Revd. Malcolm Porter Vicèr
ALL SAINTS CHURCH HIGHAMS PARK
INDEPENDENT EXAMINER'S REPORT
Year ended 3 l D•cmb•r 2022
I report w the trustees on my examlnaty>n of the ac
ALL SAINTS CHURCH HIGHAMS PARK STATEMENT OF FINANCIAL ACTIVITIES Y•ar end•d 31 Dèc•mbtr 2022 Notes Unrestricted Funds Restritted Fund$ Totsl 2022 Totol 2021 Incom• from Donations and Itgacl¢$ Charltable artNiti¢$ Inve5tment$ 47.569 29,457 1,450 48,632 96,201 29,4S7 2,464 16,416 09.625 20,649 91 ia640 2b 1,014 16,416 Other 2d Tot In¢om• 78.476 66,062 144,538 109,005 Exp•ndltur• on Raising fund5 Ch2ritsble actlvltles Parochial mlnlstry Parish share Grnnts External minls¢ry Tot41 •xp•ndltur• 21 105 126 1.01 I 3b 79.898 28.257 12.484 18,645 69 79.967 28.257 12,484 74.672 35,056 29,343 14,826 56,819 3d 56,028 1139,3051 156,2011 (195,5061 (137,055) N•t Incom• l (•xp•ndltur•) Trydnsfèrs beNeen funds 160,8291 {6,4201 9,861 (50,9681 (28,050) 14 6,420 N•t mov•m•nts In fundi for th• y•ar 167.2491 16.281 (50.9681 {28.050) R•con¢lll•tlon of fund•: Total funds brought forward Total funds carrl•d forward 138,750 65,425 204,175 232,225 71,501 81.706 153,207 204.175 All Income and expendlcurt deriv¢ from continuing artNltIts. The accOmpann8 notes on page5 1 I to 22 are an Inte8ral F4rt 01 thtse Ilnantlal ststements.
ALL SAINTS CHURCH HIGHAMS PARK ALANCE SHEET Yèar ¢nd•d 31 D•c•mber 2022 Notes 2022 2021 Flxed assets Tangible fixed assets 10 5,201 4795 Current aJ$ets Debtors Cash at bank and in hand 20,959 145,886 14,527 192,623 166,845 207,150 Credltors: amounts falllng duè wlthln onè ar 118.839) 14B,006 {11.770) 195.380 Net current assets N•t assets 153,207 204,175 Rèpresented by: Unrestricced funds Restricted fund$ 143 14b 71,501 81,706 138.750 65,425 Total funds 153.207 204.175 The accompanying notes on pa¥es 1 I to 22 are an integral Fqrt of these financral $ta¢emeTr The members of the PCC acknowledge their responsibilbty for ensurlng the church keeps proper accounting records in accordance with the reqvirement5 of the Charities Ac¢ 201 l as more fulty se¢ out in the ststement of Trustees, responsibilities in the Trustees, ReporL The lifiancièl Statements on t¥ages 9 to 22 were approved by the Parochial Church Council on 18th September 2023 ind were snd on its behalF by. Simon Williams Tr¢asurer Rev. Malcolm Porter Vicar 10
ALL SAINTS CHURCH HIGHAMS PARK NOTES TO THE FINANCIAL STATEMENTS Year ended 31 Dec¢mb•r 2022 ACCOUNTING POUCIES The financial statemerjts have been prèpared on a going conc•rn basis undar the historical ¢o$t conveTrtion. The financial statements have been prepared in accordance wh the Charr(ies Act 2011 together with the 'Sfat¢ment ol Recommended Practice. for Charities {SORP 20151, and the applicable accounting $taTrd)rd IFRS1021. The financial statements include all the transaction5, as5et$ and liabilities fcr whi¢h the Parochsal Church Council IPCC) is responsible i law. They do not include the accounts of church groups Chat owe their affilrarion to another body or those which are infor1 83Therings of church members. The ftnancial s¢at¢mefits are presented in sterlin& whlch is the functlonal Currency of the charity. and rounded to the nearest pound s¢erling. The principal accounting policies and eStIFrrdtn technlques are as follows. a) Incom• All income is in¢luded in the Scatement of FinaTrcial Ac¢>vities when the PCC is IEgalty entided to them a5 income or capital respe£tNety, ultimate receipt 15 probable and the amount to be recognised can be quantrfied with reasonable accurary. Donated Intome (collections. donation$ and commthd wvlng togerhèr with any tax recovery) 1$ re¢o8ni$ed as income in the y¥r in vknich they are rectivable. ill SSte lettlngs, fees, other Income and fundralsln8 event receivables are accounted lor on a gros5 basis and recognised a5 in£ome in the period to which they rete. lill Int•r•$t and dSvldÈnds In¢ludln¥ bank Snt•ret are recogni5ed a5 income when receivable. N) Grants rece(¥ed which are subject to pre-condttions for entitlement specrfied by the donor which have not been met at the year.end ère included in ¢reditrJrs to be carried forward to the folloTrMng year. vl Légacl•s are recognised when the amounts can be quantrfied with reasonable accvracy and there Ss a probable likelihood of receipt. vil Gain5 on disposal of fixed assets for the PCCIS own use li.e. non-irvestment assets) are accounted for as other Income. Losses on dispo1 of such assets are accounted for as other expendr<ure. b) Expendlture Expendirure 1$ included on the 3c¢ruals basis and has been classrfied under headings that awe8Xte all costs related to the relevant category in the Ststèfflent of Financial A¢¢ivities. l) Costs of raFilng fundi are those costs incurred in seekin8 voluntsry contributions. bil Charltabl# PndItUr* 1$ anatysed between the principal attryities of the PCC. itll Grants pay•bl• are charged in the year when the offer 1$ cgnveyed to the recipient a#d the full amount is charged covering the duration ol the grant, subjett to any <ondiuon$ belt)g mei. I Support coJtJ consist of central rrRn3gemtnL administration and governance costs. Support costs are allocated across Ehe categories of chèritable actThfities. For details of the allocation see note 5. The allocation nde1 is reviewed and updated annualty. to ensure that the apport10nTrt properly reflects th¢ a¢¢bviti¢$ gf the Church.
ALL SAINTS CHURCH HIGHAMS PARK NOTES TO THE FINANCIAL ST ATEMENTS Y•ar •nd•d 31 December 2022 vll PÈnJlon contrlbutlons. The church participates In thÈ Pension Btsilder Stheme section ol CWPF for lay staff administered by the Church of Engnd Pensions Board as well a$ contributin8 to the Scottish Wldow5 Personal Pension Plan for one mÈnknr of staff. See note 7 for detsils. ) Tan8lbl¢ flx•d nd d•pMclatlon Cons•¢rot•d1ond and bulldlnp ond mov•oble church fvmlihlnD Consecrated and beneficed property Is excluded from the Flnancial Statements by Se¢tlon 10(2llal of the Charities Act 2011. No Value is placed on n)gveable churth furnlshlngs held by Che church%rdenS on speclal trust for the PCC and which require a faculty lor disposal since ¢he PCC consider thls to be inalienable prop•rty. All expendkure incurred during che year on consecrated or bentflced buildin8$ and moveable furnishirgs. whether main¢enance or improvemeTrtS, 15 WTitten off as incurred. In the 31 D¢¢ember 2021 accounts freehold buildings and inalienjble propery were included in the accounts (cost 3,300, depretlarion £3,300 and net book Value £nill. These have been excluded Irom the 31 December 2022 accounts. Flxtur•4 1]ttlnp Qnd •qulpm¢nt Indlvidual items of fixtures. fittings and equipment used within the church premises with a purchase price of £500 and abo¥e are capkalised, ern5 wlth a purchase price of less than £500 when the ass•t 1$ acqulred are written off as incurred. Capitalised flxtures. fittings and equlpment are depreiiated on a strat line basis over 4 years, d) Tax•tlon As a re¥l$tered (harlry, the orrdnlsatlon Is exempt from In¢ome and torporatlon rax to the extenr thar ts income and galns are applicable to charitable purposes onty. Value added tax is not recoverable by the orr4nlsatyon and 1$ ¢hèrtfor• includid In the relevant costs In the Statement ol Financial Activltles. •) Goln8 conc•rn The financiil Statements have been prepared on a going concern basis as the Trustees belleve that no materlal unc¢rtaintie$ exisL The Trusiees have con$idered the level of funds held and the expected level ol intome ard expendlture for 12 months from ¢he date of authorising these finant1315taternent5. The budgeted Income and expendlture 1$ svfflclent wlth the level of r•seThti for the charity to be able to continue as a going tonctrfi. Fund bal¢$ Fund balances are spllt between unrestrlcted and rlstrlcted funds. l) Unr•strlct•d fundi are the PCC'S ¢orporate fur+ds and ar• freily available for any purpos• within its charitable oblect¥ at the dlscretion ol the PCC. There ari types of ufirrtrltced fund5'. General funds vthich the PCC intends to use for the general purposes Qf the Ffc and DaJl8nat•d fund5 set aside out of unre5rricted funds by the PCC lor a purpose speclied by the Trustees. The alm and use of each designated fund is set out in note 14. ill R•trlrt•d funds are iThcome fund$ sublect to COndlon$ imposed by the doTror as $pecffit term$ of trur or else by le8al measure. The aim and use of each restricted fund is set out note 14. It 15 the Policy of the PCC to monitor carefully the application of those IndS in accordance with the restrittions placed upon ther
ALL SAINTS CHURCH HIGHAMS PARK NOTES TO THE FINANCIAL STATEMENTS Year •nd¢d 31 December 2022 ¥) Judgementi and •stlmates In the application of the accgunting policies, the Trustees are requlred to make judgements, e5tlntes and assumptions abosjt the carrying value of assets and liabilicies th3t are not readity appJreTrt from o¢her Sources. The estirrrates and under'D8 355umption5 are based on historlial experience and other factors that are consldered to be releYanL Actual resuks may drffer from these estimates. The estimates and undertying assumptions are continually evaluated. Revisions to a¢counting e$tlrrAtes art r颥gnlsed in th• period In which the eximate is r•¥ised. Sotsrces of estlmatlon uncertolnty In the view of the Trustees there are ng Sources of estin#don uncertalnty affertlll8 assets or Ilabilltle$ at the Eqlance sheet thte that are likety t¢ resul¢ in i miterlal adjustment to thelr carrying amount5 in the next financlal year. INCOME FROM Unrestrlct•d R•$trlrted Fund Funds Total 2022 Towl 2021 {•) Donatlonl and l*84¢1•1 P&nned giving Collections at ierylces O¢her grfti L•rdcle$ Sncome tax r•coverdble 35.226 3,560 S53 35,226 3087 45.530 32,679 1,182 28,926 500 6,338 327 44,977 8,230 3,328 11,558 47,569 48.632 96.201 69,625 (b) Charltabl• thrtlvltl•• Slte rental Fees Coronavlrusjob Retention Scheme 29,203 254 29,203 254 18,271 774 1,604 20,649 29,457 29,457 (c) Inv•stm•nti Bank interest 1,4SO 1,014 2,464 91 1,450 1.014 1464 91 (d) Oth•r Grants Sundry In<om¢ 16,416 16,416 18,550 90 16.416 16.416 18,640 Total Incom• 78.476 66,062 144,538 109.005 13
ALL SAINTS CHURCH HIGHAMS PARK NOTES TO THE FINANCIAL STATEMENTS Year •nded 31 D•¢•mbeY 2022 EXPENDITURE ON Unrestricted Funds Restricted Fund$ Total 2022 Total 2021 {a) R1£ fundi Rai5tng othr trddirbg artivities 21 105 126 1,011 21 105 126 1,011 (b) Charltable artlyltlej P4rochlal mlnlstry Clery and operatlons Church operating costs Serylce cosu Church mintenance and repalr$ Direct costs Allocated support cosu l•ee note$ 4 and 51 14,292 5,729 2,786 6,722 7,145 4,106 48,431 7,145 4,175 48,431 69 74,803 5,095 69 74,872 5,095 29,529 5,527 79,898 69 79,967 35,056 (c) Charltablè artfvltl•i . Parlsh •h•r• Parl$h Share 28.257 28.257 29,343 28,257 28.2S7 29,343 (d) Charltabl• tIvItI Don•tlons Donutk)ns to instilutS'. Christhn5 4alnst Poverty che1mOrd Dlocesan Board of Finance Children's Socie Christian Aid Waltham Fores¢ Churchès Nlghuhtltèr Ro1 Bri¢i$h Legion 7,200 7.200 1,506 3,935 1,806 1,506 73 1.321 1,321 12.484 12,484 14,826 •) Charltble rtlvltl•s Ext•rnal mlnlstry Food hub Christlans Agasnst Poverty Outreach •vtnts Hall expenses Baptisms. weddings and funerals Dirert costs Allocated 5YPPJrt costs Is¢ notes 4 and 51 33.654 33,654 29.432 9.405 1,522 15,943 517 16951 19,228 3,267 2.sn 19.228 18,645 50,932 5,095 69,577 5.095 56,819 18,645 56.027 74,672 56.819 Total expendltur• 139.305 56,201 195.506 137,055 14
ALL SAINTS CHURCH HIGHAMS PARK NOTES TO THE FINANCIAL ST ATEMENTS Y•ar •nded 31 D¢c¢mbèr 2022 TOTAL RESOURCES EXPENDED Direct Costs Support Costs Total 2022 Total 2021 Raising fund5 Charitable activitles Parochial ministry Parish share Charitable donations External ministry 126 1.01 I 74,872 28,257 12,484 69,577 5,095 79,967 28,257 12,484 74,672 35.056 29.343 14.826 56.819 5.095 185,316 10.190 195.506 137,055 SUPPORT COSTS ALLOCATION Cost5 have been allocated based on an estim?te of how much the resource is used by each category. The allocation Raising Parochial funds ministry P3rish share External Ministry Tot31 2022 Total 2021 Grnnts Printing, postsge and ststionery Telephone. intemet & websitè Other adm&nistr2tion Governance Attounts preparation and Independent examination 122 932 122 932 244 1,864 2,082 760 1,509 3.0ty) 6.000 3,250 5,095 5,095 10,190 5,527 STAFF COSTS AND EMOLUMENTS 2022 2021 Gross wages and salaries Employer's National Insurdnce Contributions Employer's pension contributlons 52,645 2,626 3,159 40,234 1,628 1336 58,430 44.198 No employet received more than 160,OCQ during th* year P021: none). The total employee beneflts of the key personnel of the charity were £18.099 12021.. £19,380). The incurnbent receives a stipend from the Church of England and therefore no amount 1$ included in the employee benefits fygure for this indNidual. 2022 Number 2021 Number 3.3 Average nymber of persons employed during the year 15
ALL SAINTS CHURCH HIGHAMS PARK NOTES TO THE FINANCIAL STATEMENTS Y•ar Èndèd 310•c•mb•r 2022 STAFF COSTS AND EMOLUMENTS (CONT'D) 2022 2021 Average Dumber of persons employed durin¥ the year based on full.tlme equivalent At 31 Decemb•r 2022 the actual of Èmployed staff wa$ 412021: 41. No mernb•r$ of staff werè furlou8hed durin8 2021 PENSION COSTS 2022 Number 2021 Number Number of staff to whom benefits ac<rued.. Penslon 8uilder Schème 5èCtlon ol CWPF Scottlsh Wldows Personal Penslofi Plan Costs for ¢he year Pension Bullder Scheme g•ctlon of CWFF 5cottlsh Wldows Parsonal P•ftsSon P& 2.387 772 4.201 1.342 3.159 5,543 Contributions outrtaThdlng at y•ar end Pension Buildtr Scheme settlon tsf CWPF Scot¢i$h Wldow$ Pérional Pinsion Plan 776 215 377 74 991 451 The church partlcipates in the Perb$lon 8ullder Scheme secdon of CWPF lor lay stsff. CWPF Is admlnlstered by the Church of England Penslons Board, whlch holds the CWPF aijets sepaTr¢ety from those of ¢he employer and other participatln& employers. CWPF has two sertioThs'. the Defined Benefits Scheme the Pension 8uilder Scheme. which has ty¥0 subsections,. also classed as defined benefi¢ Schemes a deferred annuity section known as Pension Builder Cla$5ic. and a cash bahnce stction knows as Pension Builder 2014. Pen$lor Buikler cla1¢ provide5 a pension, aCCumu¢ed from contributlon5 Fqld and converted Snto i deferred annutty during employment based on terms set and reviewed by the Church of Enghnd Pension Board from time to time. Discretionary increases may a150 be added, depending on investrnent returns and other12Ctors. Penslon Builder 2014 is 8 cash balance •cheme that provides a lump sum which member5 use to provide benefits at retlrtment. Pension contributions are recorded in an account for each member. Discretionary bonu$e$ may be added before retlremen¢ depending tsn Investment retsjrns and other factors. The ac¢ounL plus any bonuses declared i5 payable, unredyced, from aged 65. There 15 no sub-divisioTh o13s5ets between employer5 in èach s¢tyon of the Pen$io* Builder S<heme.
ALL SAINTS CHURCH HIGHAMS PARK
NOTES TO THE FINANCIAL ST ATEMENTS
Year endtyd 31 December 2022
PENSION COSTS (CONT'D)
The scheme is consldered to be a multi-employer 5eheme as described in Settlon 28 of FRS 102. Th65 Is
be¢au$e it Is not possible to attrIbe the PeThsioTr Builder Scheme's 35set5 and liabilities to specrfic employer5
and means that eontrlbution$ are a¢ctsLnted for a$ rf th¢ Scheme were a defined ¢ontribu¢ions payoble
schen.
A rdluatioTr of the Pension Suilder Scheme 1$ carried out tmce every three years. The mos¢ recent waluauon
as carried out as a¢ 31 December 2019. The r¢ext valuatlQTI 15 due as at 31 December 2022, rhis is current
not available.
For the Pension Builder Classic sertion, the y31uation revealed a deflclt of £4.8m on the ongolng a$$umptions
sed. At the m05t re<enr annual review, rhe Board chose to grant 3 discretionary bonus 01 3% lollowifig
improvements in the funding p0son over 2021. There is no requirement for deficrc payments at the current
time. For the Pension Builder 2014 section, the Yaluation revealed a surplus of £5.Sm on the Qngoing
assumptions used. There is rbo requirement for defi
ALL SAINTS CHURCH HIGHAM5 PARK NOTES TO THE FINANCIAL STATEMENTS Y•ar ended 31 Decèmber 2022 10. TANGIBLE FIXED AsseTS F4xturt$. fittings and equipment Church land and building5 Total Cost or valuation At l January 2022 At 31 December 2022 1500 28.026 30,526 1500 28,026 30.526 Dèpmclatlon Ar I january 2022 Charge lor year At 31 Decèmber 2022 2.500 {21.7311 13.5941 13.5941 122.8251 2,500 {25.3251 Net book ¥alu• At l January 2022 8,795 8.795 At 31 December 2022 5.201 5.201 The Charities SORP 201 S and Church of England 8uidance to PCC's14" edition) require all non.consecra¢ed building5 £0 be capitali$ed 3$ fixed assets in the balance $heeL The church land and building cost element in the above table records the construction costs of the All Saint'5 church hall in 1935. A physical copy of the assets register Is kept securely ac zhe church and Is awaitable for inspection. F¢xtures, fittings and equ(pment is depreciated on a strdight-line basis over4 year& DEBTORS 2022 2021 Tax reclaim Trade debtor5 Accrued income Prep2yTnent$ 6.954 2,574 9,875 1,556 4,217 4,658 5,652 20.959 14.527 CASH AT BANK AND IN HAND 2022 2021 CBF deposit actounts CAF current accounts Cash in hand 103,771 41,915 200 144.707 47.716 200 145,886 192,623 13. CREDITORS . DUE WITHIN QNE YEAR 2022 2021 Trnde creditors Other creditor5 Accruals Accounts prepardtyon and indeFendent eyamination Utslitie5 Other 6,277 3,781 576 2.257 6.000 1126 655 3,250 573 5.114 18
ALL SAINTS CHURCH HIGHAMS PARK NOTES TO THE FINANCIAL STATEMENTS Year ended 31 December 2022 18,839 11,770 14. FUNDS . MOVEMENTS IN YEAR Balance at BaL2nce at Income Expense3 Transfers 31.12.22 (4} Unr•strlrt¢d Operating Activities John Farr Legacy Joy Farrow Ltrdcy 769 21,574 116,407 78.476 193.5931 55,573 121,5741 140,419 16,4201 41.225 145,7121 1139.30SI 30,276 138,750 78,476 71.501 (b) R•itrlrt•d Food Hub organ Warm Rooms ChSldren'• So¢hty Chalrs Flowers British L¢8lon CAP ChriKnTaS 56.6n 6,727 52,895 98 4.650 2.287 27 (38.8551 14,8521 6S.860 6,825 4,650 2,287 1,8S3 132 99 1,826 200 1681 99 4,306 1.700 9,705 1,567 13,267) 65.425 66.062 156,201) 6,420 81,706 204,175 144,538 1195,506} 1 53.207 The 8¢n¢ral fund r¢preMnu th• unr•5rri£ted lunds that are aydilable lor the PCC to spend Ilne with th•lr alm5 and oblettlYt$. The tranjfers shown above are exptsln•d more detall in the table below, john Farr & loy Farrow Transfers CAP Chrlstmas Transfers Transfer Total Tr3nsfers (•) Unr•itrlct•d Operating Activitles john Farr Legacy linter•stl loy Farrow Legacy 61,993 121,5741 140,4191 14.8531 11.567) 55,573 121.5741 140,4191 16,4201 14.853) (1,567) (b) R•itrlct•d Food Hub CAP ChrlstrrAS 14.8521 9.705 14.852) 9705 1,567 1.567 4.853 1.567 6,420 19
ALL SAINTS CHURCH HIGHAMS PARK
NOTES TO THE FINANCIAL STATEMENTS
Year endèd 31 D•c•mb¢r 2022
14.
FUNDS. MOVEMENT IN YEAR (CONT'D)
John Legacy
Whilst this fund is Unrestricted, the FCC attempts to use this lerdcy to support the provision of seThices at
the church. This year £21,574 from this legacy was u5e
ALL SAINTS CHURCH HIGHAMS PARK NOTES TO THE FINANCIAL ST ATEMENTS Year ended J l D•cémb•r 2022 FUNOS - MOVEMENT5 IN YEAR (CONTPD) (a) Geneval Operacing ActNities john Farr LeDcy loy Farrow Lerd Bolonce 8olJnce at 31.12.21 lftcome enses Tronsfvs 4,946 21,683 154.912 64,395 (107,256) 38,684 {1201 13a5641 769 21,574 116,407 59 181,541 64.465 (107,2561 138,750 (b) R•itrl¢t•d Food Hub Orn Ch3ir$ Flowers 41,828 6,723 1,825 308 44.535 (29,691) 56.672 6.727 1,826 200 {108) 50,084 44,540 {29, 799) 65,425 232,225 109.005 1137.055) 204.175 ANALYSIS OF NET ASSETS BY FUND Unr•strlcted Restrlcted Fund5 FuThd$ Total 2022 Totol 2021 Flxed assèts Debtors. accruèd Incomi and prepayments Cash at bank and In hand Creditors due wlthln one year 766 9,428 72,839 111.5321 4.435 5,201 8, 795 20.959 14,527 145.886 192.623 118.8391 111, 770) 73.047 17.307) 71,501 81,706 153,207 204,175 Unrestrrcted Resthcted FUJ Fund5 Totol 2021 Fixed a$i•ts Debtors, accrued Income and prepaymnt$ Cash ac bank and in hand Creditors due withln one year 1,532 8.278 138,479 19.539) 7,263 6,249 54,144 12,2311 65,425 8,795 14,527 192.623 111,770) N•t $•t1 13&750 204,175
ALL SAINTS CHURCH HIGHAMS PARK NOTE5 TO THE FINANCIAL STATEMENTS Year ended 31 D•¢•mb•r 2021 PRIOR YEAR COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES UnSled Re51rKted Fund5 Fvnds Total 2021 Ir*como from Dona¢ior15 and le&acits Charitsble activitles Investments Other 43,655 20,049 71 90 25,970 69,625 20,649 91 18,640 20 18,550 Total Incom• 64,465 44.540 109.005 Exp•ndlture on Raising fund5 Charitrble actNltI•s Paroch&l mlnlstry Par15h Share Grants EThrnal mlnis¢ry 752 259 1.011 34,948 29,343 14,826 27,387 108 35,056 29.343 14,820 56.819 29,432 Tot •xp•ndltur• (107,2561 (29,799) {137.055) Not In¢om• l {•xp•ndltur•) Trdnsftrs betrveen lundi (41791) 14,741 (28,050) N•t mov•m•nts In fund• for th• y••r (42,791) 14,741 (28,0501 R•conclllatlan of fundi: Total fundj brought folrd 181,541 50,684 232.225 Ttst fundi carrled fonvard 138,750 65,425 204,175 22