21st March 2018 Final Examined Page 1 of 7

ST JOHN & ST LEONARD BEDFORD

2017

Annual Report

and

Financial Statements

of the

Parochial Church Council

(PCC)

For the year ended 31st December 2017

Incumbent

The Reverend Noel Cooper

The Rectory

36, St John’s Street

Bedford MK42 0DH

St John’s Parish Office

38 St John’s Street

Bedford MK42 0DL

Banks

The Royal Bank of Scotland plc 15-19 Mill Street

Bedford MK40 3EU

Independent Examiner

Mr Barrie Frost

13, The Furlong,

Bedford MK41 8EE

21st March 2018 Final Examined Page 2 of 7

St John & St Leonard Bedford – Annual Report 2017

Background (Aims and Purposes)

St John & St Leonard PCC (The PCC) has the responsibility of co-operating with the incumbent of

the parish in promoting, within the ecclesiastical parish, the whole mission of the Church. Its

mission is to be “Showing Christ’s Love, Giving Hope and Bringing Peace” both inside and outside

the church.

It has responsibilities for maintaining two worship centres in south Bedford together with

associated land and buildings. The Church of St John the Baptist stands to the east of St John’s

Street, Bedford, and the St Leonard’s Church Centre lies on the north side of Victoria Road,

Bedford.

The PCC is a body corporate [PCC (Powers) Measure 1956 as amended, Church Representation

Rules (Synodical Government) Measure 1969 as amended] and is a charity registered with the

Charities Commission. Registration number 1131545. The members of the PCC are the trustees.

Until 2009 the PCC was an exempt organisation, being part of the Church of England.

The Charitable aims are described in the registration. In carrying out its activities, the PCC are able

to confirm that there are clear benefits to the public and specific sections thereof, in accordance

with the public benefit guidance published by the Charities Commission. The activities carried out

to further its purposes for the public benefit are described in this report. Two separate charitable

funds, the Gertrude Day and Welbourne Charities, are managed by the Rector and wardens who are

jointly the sole trustees. These charities are independent of the PCC.

Structure, Governance and Management

PCC Membership

Incumbent: The Revd Noel Cooper* Rector

Assistant Curate: Vacant

Wardens: Miss Valerie Swanborough* (to April 2017)

Mr Ian Williams *

Mr Mark Whalan* (from April 2017)

Representatives Mr Alan Ledwick (re-elected April 2017)

On Deanery Synod: Mrs Delyth Arrowsmith (re-elected April 2017)

Mr David Lambert (from April 2017)

Reader : Mr David Lambert* Treasurer

Elected Members:

Mr Neeraj (Mickie) Benjamin (from April 2017)

Mrs Rosemary Dolamore

Suraj Gill (from April 2017)

Mrs Sylvia King (from April 2017)

Mrs Sylvia Linderman (from April 2017)

Mrs Angela Locke (to May 2017)

Mr Josh Matu (from April 2017)

Mrs Deborah Nicholls Community Youth Worker & Safeguarding Co-ordinator

Mr John Paintin (from April 2017)

Mrs Sue Patrick (to April 2017)

Mrs Pat Rolfe (to April 2017)

Mrs Hilary Searle* (standing committee from May 2016)

Mrs Teresa Stone (to April 2017)

Ms Val Swanborough* (from April 2017)

Mr Mark Whalan (to April 2017)

Mrs Sue Williams* Lay Vice Chair

PCC Secretary: Ms Tracey Oliver

21st March 2018 Final Examined Page 3 of 7

Not on PCC: Deputy Warden: Mr Eddie King (St Leonards)

The full PCC met 6 times during the year with an overall 80% attendance. Committees met

between meetings and reports of their meetings were received by the PCC and discussed

where necessary.

Committees

Standing: Sets agendas and transacts the business of the PCC between meetings subject to

any directions given by the PCC. Members identified as above*.

Stewardship: The giving aspect of Stewardship, principally organising Stewardship Sunday, the

distribution of the Freewill Offering envelopes and other information on regular

giving, are managed by the treasury team.

The allocation of money to missions is undertaken by the PCC

The role of Missionary Co-ordinator has been vacant since June 2015. Co-

ordination is carried out on an ad-hoc basis by a combination of people.

Treasury: Sets operating budgets, provides regular updates to the PCC, manages the

stewardship scheme, reclaims tax on gift aid donations, keeps books, manages cash

flow, maintains appropriate financial controls and produces annual reports. The

team consists of the Chair (Treasurer), Angela Locke (Bookkeeper), Chris Moss

(Gift Aid), Peter Williams (Salaries), and a churchwarden. Jill Thomas manages

the Weekly Planned Envelope Scheme.

Buildings and Land: Manages the maintenance and upkeep of the buildings and associated land

under the Church Wardens and invites others on an ad-hoc basis depending on

skills required.

Staff and volunteers Accredited Lay Minister: Miss Jill Thomas (P.T.O.)

The Community Youth Worker (Deborah Nicholls) continued and expanded her work in the local

schools as well as within the wider community. Tracey Oliver continued as Administrator. The

cleaners (Andrew Williams and then Tracey Oliver) kept the St John’s Hall in excellent condition.

We are grateful to Simon Brocklehurst who has continued his responsibilities as music director and

plays for most of our services at St. John’s. In addition Richard Crane continues as the regular

non-stipendiary organist at St. Leonard’s. Our thanks go to the Rector and all the staff for their

unstinting effort for the work of Christ in our midst.

In addition to those specifically mentioned above, the enormous amount of unpaid work

done by a large number of people in the name of Jesus Christ our Lord is acknowledged. This

enables the buildings, the church activities, the outreach and the church itself as a fellowship to

function and grow.

Safeguarding St John’s and St Leonard’s have a documented safeguarding policy for children and

vulnerable adults, which is in line with the Diocesan policy and thereby pays due regard to

the House of Bishops’ guidance on safeguarding. Appropriate procedures are followed and

relevant appointments made. The PCC includes safeguarding as a standing agenda item

and receives reports on safeguarding from the Parish Safeguarding Officer as appropriate.

The policy is reviewed annually by the PCC

Church attendance At the 2017 APCM the Electoral Roll stood at 114, a rise from 110 in 2016. Of those on the roll 24

live in the parish, although a higher proportion live within close proximity of the Parish. We have

3 places on Deanery Synod (from 2017). The attendance at St John’s on Sunday mornings was

21st March 2018 Final Examined Page 4 of 7

typically 36, at St Leonard’s 53 (including those under 16) the pattern of evening services at St

John’s continued to the pattern established in 2009. There was a Sunday evening service on the

second (informal), fourth (Holy Communion) and fifth (Evening prayer) Sundays at St John’s,

whose attendance averaged 14, and a discussion throughout Lent attracting similar numbers. Easter

and Harvest Songs of Praise at St John’s attracted 27 and 17 people, with 83 at the St Leonard’s

Harvest service. The monthly Songs of Praise (Yesu Ke Pyase) in Punjabi, a “Fresh Expression of

Church” running since September 2014, attracted between 35 and 50 people. A small group

associated with the Church of South India meet occasionally on Sunday evenings. Services over the

Easter and Christmas periods were well attended at both worship centres, attracting 45 and 68 to

the carol services at the two centres and 58 to the Christingle. Other occasional services and

informal worship occur during the week. There were 3 funerals, 3 thanksgivings, 4 baptisms, 2

confirmations and 1 wedding. During the year, in addition to regular leaders and preachers, the

congregations benefitted from the ministries of the Revd Paul Boulter. The Revd Brian Underwood,

and the Bishop of Bedford.

Buildings

General: The care and use of the buildings and land is considered to be an important

aspect of the church’s stewardship of resources in its care. This is achieved

through regular cleaning, maintenance and upkeep; also the appropriate

use of the buildings.

St John’s Church: Routine maintenance was carried out during the year, including gutter

clearance by a Diocesan contractor and repair to the West window. A

quinquennial inspection undertaken. Ecclesiastical insurance carried out a

re-valuation and inspection. The Diocese and English Heritage undertook a

detailed listed buildings inspection.

St John’s Hall: During 2017 Regular maintenance has been carried out, working parties

carrying out wider cleaning and maintenance on the hall and grounds.

St Leonard’s Church Centre: Appropriate maintenance was undertaken, blinds were replaced

and several working parties were held. A complete external decoration

along with associated roof repairs was commenced in 2017.

53 Hillesden Avenue: Since June 2013 this has been rented out on a commercial basis on a

formal short-term tenancy managed by a local agent. The net income is

shared between the Diocese and the PCC proportionate to the equity share

(approx. 70/30). The PCC has continued to request that the Diocese

engage to share maintenance, or open negotiations to “buy-out” the PCC

from the Equity.

Achievements and Performance Outreach and Service within the Local Community A weekly “Toddlers” group continues meeting and providing support to those in the local

community, led by Alison Clarke of “Praise and Play”. The coffee morning held every two weeks

at St Leonard’s continues to thrive. Various social events are organised, including craft afternoons,

which attract those without established connections to the church. At St Leonards a fun-day was

run for the local community in the summer and various open events for young people at St

Leonards including the “House of Light” party on All Hallows eve and a Christmas party for local

children. In the street outside St John’s Church, at Easter and Christmas, we handed out Hot Cross

Buns and Mince pies, as an expression of generosity along with the opportunity to talk, and

provided Bibles in conjunction with local members of the Gideons. At Christmas we were invited

to take the Puppet ministry to Morrison’s Supermarket and led carol singing. The Puppet

ministry also participated in a service at Renhold, and visited the Addison Centre (Kempston). On

Christmas Day we went to the Jubilee Centre at the invitation of All Nations Church (North), in

support of the Christmas Day lunch for vulnerable people. We also went carol singing around St.

Leonard’s, handing out mince pies to local houses. The leasing of St Leonard’s Land enabling an

21st March 2018 Final Examined Page 5 of 7

established surgery to continue in the immediate community continued until July when it was

transferred to Bedford Hospital buildings. At Bedford Hospital (South Wing) a group from the

Church runs services bi-monthly and provides other support.. In addition, the St John’s Hall and St

Leonard’s Hall are made available to local community groups including, among others, antenatal

classes, baby massage, NCT meetings, Bedford Pipe Band, Locomotive Club of Great Britain

(Bedford Branch), Bedford Hospital Cardiac re-habilitation and a local school. The Borough

Council and Mid Beds Council use the Church hall as a centre from which to run family groups

(reconciliation sessions). “Bedford Carers”, providing support to carers, meet at both St John’s

and St Leonard’s. Car Parking is provided free of charge for the staff and clients of a local Alcohol

services centre and SMART support workers. We continue to participate in “Open the Book”,

taking it into our local schools, Caudwell and Shackleton, with some members of the congregation

also going into other schools. In December 2017 the Caudwell School Christmas Tableau with

carols and readings (year 6 pupils and parents/carers) was hosted at St John’s.

Mission 2017 saw the continuation of support for our home and overseas mission partners. Support for

home mission continued through the work of the Community Youth Worker, with gifts to

support the work of Alison Clark with “Praise and Play”, IMPACT, HOPE Bedfordshire,

BECHAR, The Railway Mission, and Farming Link. Support was given by members of the

congregation for furnishing homes and welcoming Syrian refugees locally. Overseas we continued

to support work in South America and Malawi, and the organisations FEBA, TEAR Fund (East

Africa), the provision and filling of shoeboxes (120 in 2017) to Romania and Eastern Europe

and those supporting the persecuted church. The Harvest offering went to the work of a school

community in Sierra Leonne, previously visited by the Community Youth Worker. The coffee

morning at St Leonard’s has provided funding for a range of activities from providing additional

support to the established work and mission partners to sending Bibles to Syria and relief appeals.

Most support continues to be associated with an active or historic connection through church

members.

Home activities In addition to services held at St John’s and St Leonard’s centres, a wide variety of activities were

undertaken to support the Church Family. A small number of Network (Home) groups meet

weekly or fortnightly to worship, study the Bible, provide mutual support and offer acts of service

to our local community within the parish and across Bedford. Regular daytime prayer meetings

took place at both centres. At St Leonard’s there is a weekly prayer meeting and a monthly service

in Punjabi (Yesu Ke Pyase). Groups such as Women’s Fellowship met twice a month, Just for

Men met monthly, alternating visits out (including walks along the Bunyan Trail) with “food and

thought”. Monthly walks organised from St Leonard’s have attracted a variety of participants.

Vocations, Deanery, Diocese and wider Anglican Communion Debbie Nicholls (the Community Youth Worker) continued her studies on the CMS Pioneer

Ministry Course.

Although no longer based at St John’s, Katie Franks continued her ordination training with EMRC

In the Deanery, representatives participated in Deanery Synod meetings.

The Bedford Good Friday Act of Witness was supported once again. The congregations continue to

be kept up to date with developments across the Anglican communion, both through local

information, teaching and through wider missionary contacts.

Financial Review and Stewardship

Finance: During 2017 we continued to use the PAXTON accounting package (for the seventh year), the

software accords with the accounting regulations, SORP 2015. David Lambert was re-appointed by

the PCC as “Treasurer” in May. Angela Locke very capably manages the book-keeping. A full

counting team of 6 regulars manages the weekly receipts, and the administrator deals with

invoicing, receipt of payments and payment for bills.

21st March 2018 Final Examined Page 6 of 7

Total incoming resources for 2017 were £135,529, up from £126,186 in 2016. This is a significant

improvement on budget (£121,364), however it does include additional gifts of £8,400 (10% to

mission) and unbudgeted legacies (£1,100) and dedicated gifts (£1730 for home and £2100 for

mission including appeals). £1,100 recorded as income is the result of Ecclesiastical Insurance re-

funded as part of the rationalisation of insurances which started in 2016, with a transition to regular

monthly payments. £8,212 income from the rental of 53, Hillesden Avenue is included, of which

£5,453 remains to be passed to the Diocese after deduction and apportionment of expenses such as

insurance and maintenance. The income from St Leonard’s Land (the surgery) contributed £4,032

(10% to mission). A new lease agreement was in the process of preparation with the aim to extend

the lease until 2027, however the local Clinical Commissioning Group decided not to proceed, and

gave notice of closure. As at 31st December outstanding payments amounted to £4,032 We have

been assured that these payments will be made, and payments will continue until the land is

returned to the PCC in 2018

All giving is treated as “open giving”, unless specifically designated otherwise by the donor, which

is to say that donors leave the allocation of use of the giving to the discretion of the PCC. In

response to the changing patterns of individual mission support, and economic circumstances, the

PCC continued the pattern set in 2010 with the proportion being taken from all income (except

specific gifts, grants and restricted income), set initially at 10% subject to frequent review. This

principle was followed during 2017. Unrestricted Income (income excluding restricted giving such as to Fabric and Harvest).

Overall this increased to £124,096 from £120,939 in 2016 (including the exceptional gifts).

Separating out Mission giving (including the 10% tithe on income), this approximates to the

previous “home” giving category, and is the backbone of the budgeted items. It should be noted, as

above, that this income included the “additional exceptional gifts” in excess of £8,400 (including

Gift Aid), and the £8,212 from 53 Hillesden Avenue (£2,548 being retained). The budget for 2017

was set at a deficit of £7,878, in the knowledge that this was sustainable from reserves to the end of

2017, but not far beyond. Anticipated late income from 2016 was secured as allowed for in the

budget, however NHS property owe £4,032 as explained above, and envelope giving was £6,800

below budget, although largely offset by direct giving. St John’s car park income contributed over

£6,000.

Gift Aid tax income amounted to £14,524. The Small Donations Gift Aid Scheme (SDGAS)

introduced in April 2013 contributed a further £1,121. This included £275 received from 2016.

2017 SDGAS income not reclaimed in 2017 has been included as an accrual.

Missionary income was made up of 10% of total giving through gift aid, envelope scheme, cash

offerings, lettings and general donations plus special appeals and donations. These included a

harvest appeal raising £2266 for the work of a school community in Sierra Leonne, previously

visited by the Community Youth Worker, and £1142 towards East Africa famine relief.

Donations to the Mchinji Orphanage were enhanced through a variety of methods, including card

making.

Total Expenditure for 2017 £150,234 was compared with £128,317 in 2016. Whilst this was

significantly above the £129,240 budget by £20,960, this included expenditure of restricted gifts in

excess of £5,000 (balanced by income such as for mission or specific needs), and agreed

expenditure from reserves. The largest single expenditure was for the work at St Leonard’s Church

Centre. The major re-decoration, co-incided with a deterioration in some roof flashings and

waterproofing, in addition to which, during preparation for decoration, significant elements of

damage and deterioration were uncovered (including a collapsing dormer), requiring extensive

work. During the year £15,800 was expended on the work, which is substantially complete.

The transfer of Gas and Electricity supply in 2015 to a provider sourced through a

Diocesan purchase scheme continues to have late and erratic billing making reconciliation difficult,

however we do now have clarity as to what has been charged. The transfer of non-domestic water

bills to an “open market” has also caused some problems, with Anglian Water failing to draw direct

debits, and an associated under expenditure against budget. HMRC have confirmed that there are

no outstanding amounts in respect of PAYE. Staff are paid at rates based on the “Real” living wage

21st March 2018 Final Examined Page 7 of 7

– in accordance with the recommendations of the “Living Wage Foundation”. Pension

arrangements were agreed by the PCC and have been made with the Church of England Pension

Fund, who have provided an appropriate “disclosure notice” in accordance with the requirements of

FRS 102.

General Expenditure (expenditure excluding restricted expenditure such as to Mission and Projects)

increased significantly to £132,276 from £114,476 in 2016, as explained above. In addition £26,740 is now held for passing to the Diocesan Board of Finance from the rental

(£2,606 from 2013, £6,585 from 2014, £6,077 from 2015, £6,019 from 2016 and £5,453 from

2017), based on sharing net income on an equity share basis. This is held within the unreserved

funds for payment in 2018. We still await the outcome of the approach to the Diocese over the

future of the property including possible sale of the equity to the Diocese.

Mission Giving increased in 2017 to £16,349 from £14,272 in 2016. The 2017 figure includes

£2680 (£1435 in 2016) given directly from St Leonard’s coffee morning of which £1270 is

included within the main accounts (see notes to accounts page 2)

Reserves Policy

In 2014 the PCC adopted the following Reserves policy:

“It is the policy of the PCC to maintain a balance of 2 months of utility expenditure, insurance

and contractual commitments, including salaries. It is considered that a catastrophic event

would require the use of such a reserve, and that on-going gifts would cover Parish Share and other expenses.” This requires £800 pm + £1,900 pm for salaries, a total of £5,400 reserve.

Unrestricted Available Reserves at 31st December 2017 stood at £2043 significantly down from

the available reserves of £15,686 at the end of 2016 after allowing for payment to the Diocese in

respect of £53, Hillesden Avenue (£26,740), reduced retention on St John’s Hall works (£2,000),

outstanding HMRC Gift Aid Payments and the above Reserves policy. This is a matter of concern.

Stewardship:

St John’s and St Leonard’s has always taken seriously its approach to Christian Stewardship, in its

widest sense, and has a high level of planned and tax-efficient giving. The annual Stewardship

Sundays took place in May, with sermons preached and encouragement given to review our giving.

During 2017 there continued to be changes in patterns of giving, with deaths, changes in

circumstances and movements out of the Parish. Once again, during the year several members of

the church suffered from loss or reduction in paid employment with the consequent effect on their

financial circumstances. The continuing commitment of donors as their financial circumstances

change demonstrates the seriousness with which people treat giving. This, however, brings a

continuing and increasing challenge to all to continually review their level and method of giving.

Conclusion

We give thanks that once again God has provided our every need; indeed has provided beyond our

expectations, yet again. We continue to pray that we, as Christ’s Body, the Church in this part of

Bedford, will be envisioned and empowered to face the challenges of all that lies ahead as we seek

to bear witness to our Lord Jesus Christ, and live out His Kingdom in our Parish and Town, and

more widely throughout the world.

Signed on behalf of the PCC

Mrs S. Williams

Lay Chair, St John’s and St Leonards PCC

Please note that this report should be read in conjunction with the following documents:

• Statement of Financial Activities as at 31/12/2017 (SOFA) ~ 1 page

• Balance Sheet as at 31/12/2017 ~ 1 page

• 2 pages of Notes to the accounts

Approved at the PCC on 21st March 2018 along with the associated statements of accounts listed above and

Budget Comparison, SOFA detail, Balance Sheet Detail and FRS102 pension disclosure statement.

Client: Church WorkersScheme: PB 2014Level:PaylocationRef: 4779

Mr D Lambert

St Johns Parish Office38 St Johns StreetBedfordMK42 0DL

ChairmanJonathan Spencer CB

Your Ref: CWPF/4779

8th March 2018

Dear Mr Lambert

Church Workers Pension Fund (CWPF)St Johns and St Leonards (Bedford) PCC (PB 2014)FRS102 Disclosure Notice

I am pleased to enclose a copy of the suggested FRS102 disclosure notice for your section of CWPF, for theyear ending 31 December 2017. You should discuss the final wording with your Auditor before you decidewhat to include in your annual report and accounts.

You will receive further notices if St Johns and St Leonards (Bedford) PCC (PB 2014) participates in othersections of CWPF, or in the Church of England Funded Pension Scheme.

The note has been produced on a calendar year accounting basis.

If you report under FRS105 or the "receipts and payments" approach, this note may not be appropriate andyou should consider your requirements with your Auditor.

Please contact us if you have any questions.

Yours sincerely

Richard HallamHead of Customer Service & Delivery

The Church of England Pensions Board, PO Box 2026, Pershore, WR10 9BWHelpline: 020 7898 1802 Email: pensions@churchofengland.org

Registered Charity No 236627

THIS PAGE IS INTENTIONALLY BLANK

Church Workers Pension Fund (CWPF)Draft FRS102 Wording - December 2017 Year End

St Johns and St Leonards (Bedford) PCC (PB 2014) participates in the Pension Builder Scheme section ofCWPF for lay staff. The Scheme is administered by the Church of England Pensions Board, which holds theassets of the schemes separately from those of the Employer and the other participating employers.

The Church Workers Pension Fund has a section known as the Defined Benefits Scheme, a deferred annuitysection known as Pension Builder Classic and a cash balance section known as Pension Builder 2014.

Pension Builder Scheme

The Pension Builder Scheme of the Church Workers Pension Fund is made up of two sections, PensionBuilder Classic and Pension Builder 2014, both of which are classed as defined benefit schemes.

Pension Builder Classic provides a pension for members for payment from retirement, accumulated fromcontributions paid and converted into a deferred annuity during employment based on terms set andreviewed by the Church of England Pensions Board from time to time. Bonuses may also be declared,depending upon the investment returns and other factors.

Pension Builder 2014 is a cash balance scheme that provides a lump sum that members use to providebenefits at retirement. Pension contributions are recorded in an account for each member. This accountmay have bonuses added by the Board before retirement. The bonuses depend on investment experienceand other factors. There is no requirement for the Board to grant any bonuses. The account, plus anybonuses declared, is payable from members’ Normal Pension Age.

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 isbecause it is not possible to attribute the Pension Builder Scheme’s assets and liabilities to specificemployers and 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 contributions payable (2017: £XXXX, 2016: £XXXX).

A valuation of the scheme is carried out once every three years. The most recent scheme valuationcompleted was carried out as at 31 December 2013. This revealed, on the ongoing assumptions used, asurplus of £0.5m. There is no requirement for deficit payments at the current time.

Pension Builder 2014 will be valued in relation to the lump sum payable to members at normal pension age.There are no annual pension benefits. Pension Builder 2014 commenced in February 2014 so the first fullvaluation of that section will be carried out at the next CWPF valuation date, 31 December 2016.

ST. JOHN AND ST. LEONARD P.C.C. BEDFORD."Notes to the Financial Statements for the year ended 31st December 2017"

1

(a)

(b) Funds

(c)

Voluntary income and capital sources

Other income

Gains and losses on investments

(d) Resources used

(e) Fixed assets

Consecrated land and buildings and moveable church furnishings

Other fixtures, fittings and office equipment

Investments and current assets

Valuation of Buildings

ACCOUNTING POLICIES

Basis of accounting

Incoming resources

From 2016 Ecclesiastical Insurance has amended its insurance approach from being based on a given asset value (which has been used as

the current asset value in the accounts, to a "limit of claim", which does not provide a defined asset value. From 2016, therefore, the asset

value used in these acounts will be based on the latest available valuation, which will be reviewed every 3 years and adjusted in accordance

with recognised valuation increase/decrease criteria. 2016 values are available for all buildings except the St John's Church Building, on

which the insurance claim limit has been raised from £5M in 2016 to £7.5M at the end of 2017. Ecclesiatical Insurance have advised that the

Archdeacons have been made aware of the change in the basis of insurance. The figures used for valuation for 2017 accounts are those

given for St John's Hall by Ecclesiastical Insurance on 30th November 2017, with a similar increase for St Leonard's Church Centre (pro-rata

on the figures used for 2016 valuations). Both buildings are insured for a limit of claim of £2.5M

Investments are valued at market value at 31 December. Amounts owing to the PCC at 31 December in respect of fees, rents or other

income such as Gift Aid are shown as debtors, less provision for amounts that may prove uncollectable (including rents not secured). In

practice only Gift Aid is included in line with 1(c) above Cash at bank and in hand includes funds on short term deposit.

The financial statements have been prepared in accordance with the Church Accounting Regulations 1997, together with applicable

accounting standards and the Charities SORP 2015. They follow the historical cost convention except for the valuation of investment assets,

which are shown at market value.

General funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on

the general purposes of the PCC. Funds that are designated for a particular purpose by the PCC are still unrestricted. Restricted funds are

from income that has been accepted subject to conditions about how it may be used. The restricted funds are given names that indicate their

purpose and restrictions.

The accounts include all transactions, assets and liabilities for which the PCC is responsible in law. However, they do not include any

accounts of church groups that are simply informal gatherings of church members.

Collections are recognised as income when they are received by or on behalf of the PCC. Planned giving, under Gift Aid or otherwise, is also

only recognised when it is received. Income tax recoverable on Gift Aid donations is recognised at the same time as the gift itself. Grants

and legacies are accounted for as soon as the PCC has been notified of its legal entitlement and the amount is quantifiable and the PCC is

reasonably certain of receiving it in due course.

The Church of St Johns and St Leonards does not usually engage in fund-raising activities. Some social activities are undertaken for which

an admission charge is made (for example Harvest Supper) but these are regarded as part of the Church's outreach. In these circumstances

proceeds are sometimes netted off against expenses where it is not reasonably practicable to separate some expenses and receipts (for

example occassional refreshments and receipts) and the net cost is charged as a running cost under "Work of the Parish".

Rental income from letting of Church premises is recognised when the rental is due, although in 2017 income has only been recognised when

paid. Bank deposit interest is accounted for as it accrues. Other investment income is accounted for when it is due and payable.

Realised gains or losses are recognised when investments are sold. Unrealised gains or losses are accounted for on a revaluation every

31st December.

Grants and donations are accounted for when paid over, or when awarded if the awarding creates a binding obligation on the PCC. The

diocesan parish share is accounted for when payable: any amount unpaid at 31 December would be provided for as an operational liability,

but St Johns and St Leonards pays it monthly and it was confirmed as paid in full before 31st December 2017.

Consecrated and beneficed property is excluded from the accounts by s.96(2)(a) of the Charities Act 1993. No value is placed on movable

church furnishings held by the churchwardens on special trust for the PCC and which require a faculty for disposal since the PCC considers

this to be inalienable property. All expenditure incurred during the year on consecrated or beneficed buildings and movable church

furnishings, whether maintenance or improvement, is written off as expenditure in the SOFA and disclosed at 3c)

Equipment used within the church premises is depreciated on a straight line basis over a period not exceeding four years. Individual items

with a purchase price of £2,500 or less are written off when the asset is acquired.

Page 1 2017 Notes to accounts.xlsx

ST. JOHN AND ST. LEONARD P.C.C. BEDFORD

2 Notes to the Financial Statements for the year ended 31st December 2017

SORP 2015 references 2017 Direct 2017 2016 Direct 2016 2015

B2 Missionary Societies Supported

St Leonards

Coffee

Morning

St Leonards

Coffee

Morning

£ £ £ £ £

Hope (Beds) 100 100 100

Bible Exhibition (Renhold Chapel) *150 150

Bishops Harvest Appeal (Water aid-Madagascar) O/Seas 1355

Bedford Street Angels 50

Churches Together inc inc inc

Carers in Cheltenham 175

BECHAR 100 75

Children's Society (inc Christingle) 50 direct direct direct

Barnabas Fund O/Seas 100 100

Ben Nicholls (London) O/Seas 200

Joseph Nicholls (Bristol) 200

Embrace (Gaza) O/Seas 160

Crosslinks (Harvest offering to Ethiopia) O/Seas 150 1419

FEBA O/Seas 150 150 200

Impact (BASCST) 4200 4200 4000

Malawi Orphan Fund(inc £313 famine relief 2016) O/Seas 100* + 450 1481 200* +500 1830 820

Tear Fund (East Africa Famine) 420* 1142

Operation Mobilisation O/Seas 400 350

Railway Mission 100 200 200

Release International (Suffering church) O/Seas 200 250 230

CMS (South American Miss Society) O/Seas 1600 1600 1500

Sierra Leone - work of Pastor Theo (Harvest Gift) O/Seas 2266 0

Praise and Play (Alison Clark Support) 1600 1600 1600

Gideons 150

Romania Shoebox appeal O/Seas 100 + 200 100*+ £232 100

TEARFund O/Seas 150 100 0

Farming Christian Link 150 150 100* 150

Bible Society (Bibles for Syria) O/Seas 300* 300 100* 100

Salvation Army (Bedford) 135 214

Zambesi Mission O/Seas 300* 1350 850 700

2,680 14,939 1,756 13,385 11,544

Fixed Assets 2017 2016 2015

53 Hillesden Ave, Elstow buildings 79,377 76,643 73,696

D1 St. John's Hall building & contents 850,000 621,275 612,096

a St. Leonard's Church Centre building & contents 1,075,213 785,886 774,278

b Fabric Fund CBF Investment 67,508 61,731 55,564

c 2,072,098 1,545,535 1,515,634

A4

The funding of 53 Hillesden Ave is on an Equity Sharing Loan made up as follows: -

Share % 2017 2016 2015

a St. Alban's DBF Pastoral Account 68.97% 176,431 170,355 163,804

St. John and St. Leonard P.C.C. 31.03% 79,377 76,643 73,696

255,808 246,998 237,500

The Fabric Fund capital, of which only the income can be used for the fabric of St. John's Church, comprises 4,128 shares in the

of the Church of England. The value shown is the bid price at 31st December 2017

The property values shown for St. John's Church Hall and St. Leonard's Church Centre are taken from figues provided by The St John's Church building is insured in a similar manner with a limit of loss of £7.5M , with minimum insured amounts of

£4,470,000 and a further £100,000 contents but not included in the statement of assets, which is in accordance with SORP

The "Direct" amounts are outwith these accounts, provided in kind or due to expediamcy (to meet immediate need), but included for the benefit of

transparancy. Those identified* are included in accounts.

Page 2

The Fabric Fund capital, of which only the income can be used for the fabric of St. John's Church, comprises 4,128 shares in the

Page 2

Balance Sheet as at 31/12/2017

Unrestricted

FundsRestricted

Income Funds

Endowment

FundsTotal this year Total last year

Printed: 26/03/2018

Paxton Page 1 of 1

St Johns & St Leanords

Fixed assets

2,004,590 1,483,804Tangible assets 2,030,259 0 -25,669Investments -25,669 0 93,177 67,508 61,731

Total fixed assets 2,004,590 0 67,508 2,072,098 1,545,535

Current assets

Debtors 9,567 8,580 0 18,147 15,913

Cash at bank and in hand 29,218 -14,267 21,117 36,068 52,438

Total current assets 38,785 -5,687 21,117 54,215 68,351

Liabilities

Creditors: amounts falling due

within one year2,601 0 0 2,601 2,032

Net current assets/(liabilities) 36,183 -5,687 21,117 51,614 66,319

Total assets less current

liabilities2,040,774 -5,687 88,625 2,123,711 1,611,853

Total net assets or liabilities 2,040,774 -5,687 88,625 2,123,711 1,611,853

The funds of the charity:

Endowment funds 0 0 88,625 88,625 82,388

Restricted income funds 0 -5,687 0 -5,687 1,299

0 0 2,040,774 1,528,167Unrestricted funds 2,040,774

Total charity funds 2,040,774 -5,687 88,625 2,123,711 1,611,853

Statement of Financial Activities as at 31/12/2017

Unrestricted

Funds

Restricted

Funds

Endowment

FundsTotal funds Prior period

total funds

Printed: 23/03/2018

Paxton Page 1 of 1

St Johns & St Leanords

£ £ £ £ £

Income and endowments from:

Donations and legacies 85,778 6,600 0 92,378 90,412

Charitable activites 22,950 0 0 22,950 15,899

Other trading activities 1,135 248 0 1,383 1,216

26 0Investments 2,196 2,222 2,083

Other 14,207 2,388 0 16,595 16,577

Total 135,529 126,1862,1969,236124,096

Expenditure on:98 0 0 98 1,033Raising funds

127,28416,222 1,736 150,136132,178Charitable activities

Total 132,276 16,222 1,736 150,234 128,317

0 0 5,777 5,777 6,167Net gains/(losses) on investments

Net income/(expenditure) -8,179 -6,985 6,237 -8,928 4,037

Transfers between funds 0 0 0 0 0

Other recognised gains/(losses)

Gains/(losses) on revaluation of

fixed assets520,786 0 0 520,786 23,734

6,237-6,985512,607 511,858 27,771Net Movement in Funds

Reconciliation of Funds

1,528,167 1,299Total funds brought forward 82,388 1,611,853

Total funds carried forward 2,123,7112,040,774 -5,687 88,625