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2021-12-31-accounts

DocuSign Envelope ID: 83144B77-F8C9-4EC8-B401-71130FA44687

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 FOR PARISH OF ST JOHNS SOUTHALL

CONTENTS

Page
Independent Examiner's Report 36
Statement of Financial Activities 37
Balance Sheet 38 to 39
Notes to the Financial Statements 40 to 45
Detailed Statement of Financial Activities 46 to 47

These financial statements form a part of the PCC of St John’s Annual Report on pages 1 to 34

Page | 35

DocuSign Envelope ID: 83144B77-F8C9-4EC8-B401-71130FA44687

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PARISH OF ST JOHNS SOUTHALL

I report on the accounts for the year ended 31 December 2021 set out on pages thirty-six to forty-seven.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under Section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required.

It is my responsibility to:

Basis of the independent examiner's report

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view ' and the report is limited to those matters set out in the statements below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

Rev. David M Green FCA

Gowers Limited Chartered Accountants The Old School House Bridge Road Hunton Bridge Kings Langley Herts WD4 8SZ

19-Jul-2022

Date:. ......

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DocuSign Envelope ID: 83144B77-F8C9-4EC8-B401-71130FA44687

PARISH OF ST JOHNS SOUTHALL

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 DECEMBER 2021

2021 2020
Unrestricted Restricted Total funds Total funds
funds funds
Notes £ £ £ £
INCOMING RESOURCES
Incoming resources from generated funds
ALC income - - - 70
Voluntary income 2 159,635 71,545 231,180 166,888
Activities for generating funds 3 - - - 447
Investment income 4 27,598 - 27,598 26,582
Incoming resources from charitable activities
Church 31,843 75 31,918 13,391
Other incoming resources - - - -
Total incoming resources 219,076 71,620 290,696 207,377
RESOURCES EXPENDED
Costs of generating funds
Costs of generating funds 5,449 - 5,449 406
Costs of generating voluntary income 5 - - - -
Charitable activities
Church 192,278 15,941 208,219 196,893
Governance costs 10,763 - 10,763 10,866
Other resources expended - - - 100
Total resources expended 208,490 15,941 224,431 208,265
NET INCOME/(EXPENDITURE) FOR THE YEAR BEFORE
TRANSFERS 10,586 55,679 66,265 (428)
Gross transfers between funds 15 (16,352) 16,352 - -
Gains/losses on investment assets 15,417 - 15,417 8,353
Gains/losses on the revaluation of fixed assets - - - -
Net income/(expenditure) for the year 9,651 72,031 81,682 7,464
RECONCILIATION OF FUNDS
Total funds brought forward 450,420 42,132 492,552 485,087
TOTAL FUNDS CARRIED FORWARD 460,071 114,163 574,234 492,552

The notes form part of these financial statements

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DocuSign Envelope ID: 83144B77-F8C9-4EC8-B401-71130FA44687

PARISH OF ST JOHNS SOUTHALL

BALANCE SHEET AT 31 DECEMBER 2021

2021 2020
Unrestricted Restricted Total funds Total funds
funds funds
Notes £ £ £ £
FIXED ASSETS
Tangible assets 8 487,678 985 487,663 488,953
Investments 9 103,694 - 103,694 88,278
NET ASSETS 590,372 985 591,357 577,231
CURRENT ASSETS
Debtors 10 16,626 - 16,626 20,321
Investments 11 - - - -
Cash at bank 12 43,064 113,178 156,242 88,545
59,690 113,178 172,868 119,784
CREDITORS
Amounts falling due within one year 13 (13,588) - (13,588) (12,831)
NET CURRENT ASSETS 46,102 114,163 159,280 95,945
TOTAL ASSETS LESS CURRENT LIABILITIES 636,474 114,163 750,638 673,266
CREDITORS
Amounts falling due after more than one year 14 (176,403) - (176,403) (180,714)
NET ASSETS 460,071 114,163 574,235 492,552

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DocuSign Envelope ID: 83144B77-F8C9-4EC8-B401-71130FA44687

PARISH OF ST JOHNS SOUTHALL

BALANCE SHEET - CONTINUED AT 31 DECEMBER 2021

2021 2020
Total funds Total funds
Notes £ £
FUNDS 15
Unrestricted funds:
General fund 425,884 411,838
Designated - Gifts - -
Designated - Little Angels 698 698
Designated -Night Shelter 1,528 1,830
Designated - Over 60s club 2,676 3,196
Designated – Projects Fund 24,285 31,561
Designated – Old Church 5,000 -
460,071 449,123
Restricted funds:
ALC 2,810 2,810
Community and Near Neighbours projects 5,828 3,776
Language 3,701 3,249
Kings Centre – interfaith committee 1,879 1,879
Vibe – Ward Forum grant 198 198
Vibe – Youth worker 21,441 23,726
Events 663 663
Flowers 83 83
Language Class Salary 4,467 3,866
The Table 3,079 3,179
Projects Fund 14,069 -
Old Church 55,945 -
114,163 43,429
TOTAL FUNDS 574,235 492,552

The financial statements were approved by the Board of Trustees on and were signed on its behalf by:

18-Jul-2022

…..........................................

Rev. Dr. Anna Poulson – chair

22-Jul-2022

….......................................... Neelam Sidhu -Trustee

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DocuSign Envelope ID: 83144B77-F8C9-4EC8-B401-71130FA44687

PARISH OF ST JOHNS SOUTHALL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

1. ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities, the Charities SORP (FRS102).

Incoming resources

All incoming resources are included on the Statement of Financial Activities when the charity (PCC) is legally entitled to the income and the amount can be quantified with reasonable accuracy. These consist of standing order, loose, envelope donations by current and previous members of the congregation.

Voluntary income and capital sources:

Collections are recognised when received by or on behalf of the PCC.

Planned giving receivable under Gift Aid is recognised only when received.

Tax reclaims on donations and gifts:

Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate.

Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement, the amount due is quantifiable and its ultimate receipt by the PCC is reasonably certain.

Incoming resources with related expenditure:

Funds raised by the fete, garden party, sales of books, magazines from the church bookstall and similar events are accounted for gross.

Other ordinary income:

Rental income from the letting of church premises is recognised when the rental is due.

Income from investments:

Interest is accounted for on a receivable basis.

Gains and losses on investments:

Realised gains or losses are recognised when investments are sold. Unrealised gains or losses are accounted for on revaluation of investments at 31 December.

Volunteer help:

The value of any voluntary help received is not included in the accounts.

Resources expended

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Governance costs

Cost of the preparation and examination of statutory accounts.

Tangible fixed assets

Depreciation is provided in order to write off each asset over its estimated useful life.

Consecrated land and buildings and movable church furnishings:

Consecrated and beneficed property is excluded from the accounts by s10(2)(a) of the Charities Act 2011.

Other tangible assets:

Other tangible assets are depreciated on a reducing balance basis at a rate of 20%. Some items have been fully depreciated.

Property revaluation

The long leasehold property is included in the Balance Sheet at the estimated market value as valued on the 26[th] January 2018.

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DocuSign Envelope ID: 83144B77-F8C9-4EC8-B401-71130FA44687

PARISH OF ST JOHNS SOUTHALL

NOTES TO THE FINANCIAL STATEMENTS – CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2021

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

General Unrestricted 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 designated for a particular purpose by the PCC are also unrestricted.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

The accounts include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body nor those that are informal gatherings of Church members.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. VOLUNTARY INCOME

Online giving, other planned giving and collections
Donations
Monthly giving and Gift Aid envelopes
Gift Aid tax recoverable
Legacies
Grants
Other funds generated
Grants received, included in the above, are as follows:
Other grants
ACTIVITIES FOR GENERATING FUNDS
Fundraising events
Over 60s income
INVESTMENT INCOME
Rents received
Deposit account interest and dividends		 2021
£
13,122
52,083
125,184
25,291
10,000
5,500
-
231,180
2021
£
5,500
2021
£
-
-
-
2021
£
27,538
-
27,538		 2020
£
9,714
7,464
123,282
25,131
-
930
367
166,888
202 0
£
930
2020
£
-
447
447
2020
£
26,582
-
26,582

3. ACTIVITIES FOR GENERATING FUNDS

4. INVESTMENT INCOME

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DocuSign Envelope ID: 83144B77-F8C9-4EC8-B401-71130FA44687

PARISH OF ST JOHNS SOUTHALL

NOTES TO THE FINANCIAL STATEMENTS – CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2021

5. COSTS OF GENERATING VOLUNTARY INCOME

Costs of fêtes & other events
Costs of stewardship campaign		 2021
£
-
-
-		 2020
£
-
-
-

6. TRUSTEES’ REMUNERATION AND BENEFITS

There were no trustees’ remuneration or other benefits for the year ended 31 December 2021 nor for the year ended 31 December 2020.

Trustees’ expenses

There were no trustees’ expenses paid for the year ended 31 December 2020 nor for the year ended 31 December 2020.

7. STAFF COSTS

Wages and salaries, and pensions
The average monthly number of employees during the year was as follows:
Employees
No employees received emoluments in excess of £60,000.		 2021
£
34,545
2021
2		 2020
£
28,629
2020
2

8. TANGIBLE FIXED ASSETS

Long leasehold
£
COST
At 1 January 2021
482,500
Additions
-
Disposals
-
At 31 December 2021
482,500
DEPRECIATION
At 1 January 2021
-
Charge for year
-
On disposals
-
At 31 December 2021
-
NET BOOK VALUE
At 31 December 2021
482,500
At 31 December 2020
482,500		 Minibus
Equipment
&
£
£
8,700
16,840
-
-
-
-
8,700
16,840
7,469
11,618
246
1,044
-
-
7,715
12,662
985
4,178
1,231
5,222		 Totals
£
508,040
-
-
508,040
18,779
1,290
-
20,377
487,663
488,953

The long leasehold property is included in the Balance Sheet at the Trustees valuation based on the estimated market value provided by the letting agent on the 26[th] January 2018.

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DocuSign Envelope ID: 83144B77-F8C9-4EC8-B401-71130FA44687

PARISH OF ST JOHNS SOUTHALL

NOTES TO THE FINANCIAL STATEMENTS – CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2021

9. FIXED ASSET INVESTMENTS

2021
2020
£
£
CBF Y
33,741
28,725
CBF G
69,953
59,553
Other
-
-
103,691
88,278
10.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021
2020
£
£
Other debtors
16,626
20,231
11.
CURRENT ASSET INVESTMENTS
2021
2020
£
£
Other
-
-
12.
CASH AT BANK
2021
Bank current
account
Bank deposit
account
Total cash
£
£
£
£
FUNDS
Unrestricted funds:
General fund
8,817
60
8,877
Designated – Gifts
-
-
-
Designated – Little Angels
698
-
698
Designated -Night Shelter
1,528
-
1,528
Designated – Over 60s club
2,676
-
2,676
Designated – Projects Fund
19,732
4,553
24,285
Designated – Old Church
5,000
5,000
Restricted funds:
ALC
2,810
-
2,810
Community and Near Neighbours projects
5,828
5,828
Language
3,701
-
3,701
King Centre Interfaith Committee
1,879
-
1,879
Vibe – Ward Forum grant
198
-
198
Vibe – Youth worker
20,456
-
20,456
Events
663
-
663
Flowers
83
-
83
Language Class Salary
4,467
-
4,467
The Table
3,079
-
3,079
Projects Fund
14,069
14,069
Old Church
55,945
55,945
Total
151,629
4,613
156,242		 2020
£
28,725
59,553
-
88,278
2020
£
20,231
2020
£
-

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DocuSign Envelope ID: 83144B77-F8C9-4EC8-B401-71130FA44687

PARISH OF ST JOHNS SOUTHALL

NOTES TO THE FINANCIAL STATEMENTS – CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2021

13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Accounts payable and other creditors
Curate’s House Mortgage (portion due within one year)
14.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
Curate’s House Mortgage
15.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Designated – Gifts
Designated – Little Angels
Designated -Night Shelter
Designated – Over 60s club
Designated – Projects Fund
Designated – Old Church
Restricted funds
ALC
Community and Near Neighbours projects
Language
Kings Centre – Interfaith Committee
Vibe – Ward Forum grant
Vibe – Youth worker
Events
Flowers
Language Class Salary
The Table
Project s Fund
Old Church
TOTAL FUNDS		 2021
£
9,988
3,600
13,588
ONE YEAR
2021
£
176,403
At 1.1.21
Incoming
Resources
and transfers
Resources
Used
and transfers
At
£
£
£
411,838
229,241
(215,195)
-
1,230
(1,230)
698
-
-
1,830
60
(362)
3,196
-
(520)
31,561
-
(7,276)
-
5,000
-
449,123
235,531
(224,583)
2,810
-
-
3,776
8,506
(6,454)
3,249
800
(348)
1,879
-
-
198
-
-
23,726
15
(2,301)
663
-
-
83
-
-
3,866
75
527
3,179
-
(100)
-
14,069
-
-
63,469
(7,524)
43,429
89,634
(16,200)
492,552
322,465
(240,783)		 2020
£
9,231
3,600
12,831
2020
£
180,714
31.12.21
£
425,884
-
698
1,528
2,676
24,285
5,000
460,071
2,810
5,828
3,701
1,879
198
21,441
663
83
4,468
3,079
14,069
55,945
114,163
574,235

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DocuSign Envelope ID: 83144B77-F8C9-4EC8-B401-71130FA44687

PARISH OF ST JOHNS SOUTHALL

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2021

16. ULTIMATE CONTROLLING PARTY

The charity is controlled by the members of the PCC.

17. CHURCH WORKERS PENSION FUND (CWPF)

St John's Church (Southall Green) PCC (PB2014) 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:

  1. the Defined Benefits Scheme

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

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

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 (2021: £2,339, 2020: £2,074).

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, EMPLOYER could become responsible for paying a share of the failed employer’s pension liabilities.

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DocuSign Envelope ID: 83144B77-F8C9-4EC8-B401-71130FA44687

PARISH OF ST JOHNS SOUTHALL

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021

INCOMING RESOURCES
Incoming resources from generated funds
ALC income
Voluntary income
Online giving, other planned giving and collections
Donations
Monthly giving and Gift Aid envelopes
Gift Aid tax recoverable
Legacies
Grants
Other funds generated
Activities for generating funds
Fundraising events
Over 60s income
Investment income
Rents received
Deposit account interest and dividends
Incoming resources from charitable activities
Language Classes Income
Fees for weddings and funeral
Church Hall Lettings - objective
Other incoming resources
Insurance claims
NI allowance
Language Class Salary
Total incoming resources		 2021
£
-
-
13,122
52,083
125,184
25,291
10,000
5,500
-
231,180
-
-
-
27,598
-
27,598
75
3,351
28,492
31,918
-
-
-
-
290,696		 2020
£
70
70
9,714
7,464
123,282
25,131
-
930
367
166,888
-
447
447
26,582
-
26,532
290
617
12,484
13,391
-
-
-
-
207,377

This page does not form part of the statutory financial statements

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DocuSign Envelope ID: 83144B77-F8C9-4EC8-B401-71130FA44687

PARISH OF ST JOHNS SOUTHALL

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021

RESOURCES EXPENDED
Costs of generating funds
Caretaker, including payroll
Charitable activities
Rates and water
Insurance
Light and heat
Hospitality
Giving to missionary societies & relief and development agencies
Home mission
Common Fund
Assistant staff costs
Youth worker salary, expenses, youth united and youth running costs
Salary of parish administrator
Staff pensions
Working expenses of incumbent
Parsonage house expenses
Over 60s
Language Classes
Parish training and mission
Church running - insurance
Upkeep of services Organ/piano etc.
Equipment
Worship group expenses
Little Angels
Messy Church and creche
Church maintenance
Cleaning
Upkeep of churchyard
Administration
The Table
Church repairs
Curacy house maintenance
Depreciation of equipment
Governance costs
HR Costs/Fee
Curacy House Mortgage
Thispage does not formpart of the statutoryfinancial statements
Legacy
Marketing
Total resources expended
Net income/(expenditure)		 2021
£
5,449
5,449
1,751
4,120
9,771
2,003
21,689
4,240
86,429
1,520
2,594
28,191
2,339
2,158
355
120
(178)
1,670
5,785
1,346
3,272
286
52
378
7,645
3,456
450
6,721
100
5,940
2,726
1,291
208,219
626
10,137
10,763
-
-
-
224,431
66,265		 2020
£
406
406
894
3,661
9,284
1,262
20,040
400
85,200
1,941
3,583
26,555
2,074
3,885
384
-
291
20
6,373
2,013
3,925
153
143
1,097
3,574
7,213
450
5,609
187
2,497
3,877
308
196,893
504
10,362
10,866
-
100
100
208,265
(428)

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