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2020-12-31-accounts

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN, TUNBRIDGE WELLS

REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

St John’s Church Office, Amherst Road, Tunbridge Wells, Kent TN4 9LG

Charity Registration No. 1132603

1

Aims and purpose

St John’s, Tunbridge Wells Parochial Church Council (PCC) has the responsibility, with the incumbent, of promoting the mission of the Church in the parish.

In addition, the PCC, as trustees for the registered charity, is specifically responsible for the proper management of the church’s resources, appointment of staff and maintenance of the church and church centre complex of St John’s, Amherst Road, Tunbridge Wells.

Objectives and activities

The primary object is the promotion of the Gospel of our Lord Jesus Christ. The PCC has adopted a mission statement to express its objectives, help guide its decision making and allocate resources to activities which will support and help to fulfil its objectives:

Knowing Jesus better, making Jesus better known

St John’s is a Bible believing church which seeks to glorify God - Father, Son and Holy Spirit - by:

There is a commitment to continuing this work seven days a week, on and off site, for all ages and stages of life. This work involves the staff team and many volunteers who give hundreds of hours of their time every week. We are grateful and praise God for their dedication.

The PCC is aware of their legal duty to have regard to the public benefit guidance issued by the Charity Commission and, in particular, the supplementary guidance on charities for the advancement of religion.

To this end our Sunday gatherings and midweek meetings are open to all. And through the teaching of the Bible, prayer to and praise of God, we seek to encourage church members to live out their faith in the local community and their places of work. We seek to serve the local community through funerals, marriage preparation and weddings and baby and toddler groups.

In normal circumstances our church centre is used daily, particularly by children and young people attending clubs and activities which are open to all members of the parish, with or without any church connection and for many at no charge. There is a weekly meeting open to students from overseas.

2

Achievements and performance

2020 was an extraordinary year with the impact of the Coronavirus pandemic and resulting limitations on the activities of churches. From 29 March to 13 September we were not permitted to hold services in the church but we quickly adapted to provide services online and we are grateful for all those involved in the production of these services and online activities for children and young people.

From 20 September we resumed morning services in church but with limitations on the number who could attend to maintain social distancing. These services were streamed live and were also available to watch at a later date. Meetings of children’s groups were permitted from 1 November but then immediately stopped again as the country returned to lockdown.

The staff team worked hard throughout the year to ensure that we continued to promote the Gospel despite frequently changing government regulations and Church of England guidance while ensuring all activities were undertaken in a COVID safe way. We are truly appreciative of all their efforts. We are also grateful for the support the church family has given to each other through the lockdowns either remotely or in person as far as the rules have allowed.

Church attendance

There were 301 names (2019: 306) on the Electoral Roll at 31 December 2020.

Usual Sunday attendance prior to the first lockdown in March was 372 adults (2019: 356) and in addition 87 children under 14 (2019: 87) in the mornings. When morning services resumed in September with a limit on numbers usual attendance was 105 adults and 29 children. Our online stream had an average of 250 views by the end of the following week. Evening services continued online only with some 60 people joining.

In normal circumstances we gather each Sunday at 10.30am and 6.00pm. Book of Common Prayer Holy Communion is held at 8am on the first Sunday of each month and on principal feast days.

The preaching of the Bible, the word of God, is central to all our gatherings.

The appointment of a new vicar

Following the appointment process set out in the 2019 report we were delighted to have the Rev Thomas Nash, his wife Clare and their three young sons joining the St John’s church family in July with Tom as our pastor and overseer. Tom’s formal installation as vicar by the Bishop of Rochester was held on 22 December.

3

Review of the year

The PCC reaffirmed its desire to continue to work under the oversight of the Bishop of Maidstone.

Representatives of the PCC attended the Renew Conference. There was continuing support for the Rochester Good Stewards Trust in lieu of the diocesan freewill offering as a means of providing financial support to likeminded churches.

We continue to make grants available to give young people experience of full time Christian ministry and training to develop their Bible handling and teaching skills.

Marina Dacorsi and David Watson completed a year as ministry trainees combining a variety of work at St John’s with training at Cornhill in London. Marina is continuing for a second year.

Lauren Moate joined us in September as our Cornhill student while also supporting the women’s ministry.

Ministry for different groups within the church family was continued either in person, when permitted, or online including holiday clubs for children and meetings of the senior fellowship. A significant proportion of church members belong to small groups. There are now 17 home groups with some 170 members, eight women’s groups with 90 members, five men’s groups with 50 members and two Bereans group for young adults developing their faith have 14 members.

Good quality music has been an important element of the Sunday gatherings, whether in church or online, and a large number of church members have contributed through playing instruments or singing. We are grateful for the contribution of their time and talent.

Lighting

For some time we have been aware that the lighting system in the church needed to be renewed and upgraded. The existing system provided a poor quality of light, required frequent and difficult replacement of light bulbs and was unreliable. The opportunity was taken during the lockdown over the summer of 2020 to completely replace all elements of the system to provide one that gives a good quality of illumination to all areas of the church, has long life fittings and is flexible to suit the different uses of the church.

The cost of £87,500 was paid from reserves which had been accumulated over a number of years in anticipation of this project.

Safeguarding

St John’s is committed to safeguarding children, young people, victims/perpetrators of domestic abuse and vulnerable adults.

4

The PCC has adopted the Church of England’s policies and best practice on safeguarding. A formal statement to adopt the House of Bishops’ “Promoting a Safer Church; safeguarding policy statement” was agreed and signed by the PCC and Churchwardens.

Our parish safeguarding officer is Naomi Vallely.

Financial review

The PCC gives praise and thanks to God for his provision over many years expressed through the generous giving of the church family.

2019 had proved to be a challenging year with a deficit of over £50,000. A similar deficit was anticipated in 2020 however, despite the impact of the pandemic, there was an increase in donations for which we are very grateful. Spending was reduced because of the limitation on activities. In addition, we were able to make use of the government’s furlough scheme for those members of staff whose work related primarily to activities in the church centre.

The result was that, excluding the planned expenditure on lighting which was covered from reserves, there was a small surplus over the year.

While reserves are at a level to cover deficits in the short term the PCC is aware of the need to aim for a balanced annual budget with the reserves made available for new ministry initiatives.

The PCC has reviewed the impact on the charity’s finances of the Coronavirus. As noted, donations have been maintained and with reduced costs it is considered that the charity is a going concern, a view that is also held by the independent examiner.

Legacy income in 2020 was £2,312 (2019: nil). We are grateful to church members who remember our work in their wills.

Reserves policy

The PCC has a policy of holding in reserve in the general fund, as far as it is able, between six and eight weeks' expenditure.

With the reserves currently available this policy can be followed. Following the deficit in 2019 and a further deficit expected in 2021 funds are being retained to cover the deficits.

Other designated funds are held to provide adequate reserves for repairs or major renovation of assets, including provision for the costs of repairs to buildings arising from quinquennial inspections.

5

Risk Policy

The PCC is aware of the continuing need to assess the major risks to which the church is exposed and be satisfied that systems are in place to mitigate exposure to the major risks. It is recognised that further work is required in this regard.

During the year the major risks impacting upon the work of the church continued to be in financial, statutory, legal and operational areas. The handbook containing agreed policies and procedures on various areas is reviewed periodically.

The PCC continues to ensure that the legislation applicable to those working with children and young people is adhered to through the appointment of the Parish Safeguarding Officer working with the incumbent and the newly appointed safeguarding leads on PCC.

The PCC regularly reviews the insurance policy wording to ensure adequate cover and compliance.

Structure, governance and management

St John's Church is situated in St John's Road, Tunbridge Wells. It is part of the Diocese of Rochester within the Church of England.

The PCC is a corporate body established by the Church of England. It operates under the Parochial Church Council Powers Measure 1956 as amended and the Church Representation Rules 2011.

The method of appointment of PCC members is set out in the Church Representation Rules. The Churchwardens, the Treasurer and others with specific responsibilities for matters requiring specialist knowledge are able to attend training courses offered by the Diocese or appropriate external bodies. Reading matter on relevant topics is circulated to PCC members.

The PCC can appoint two governors to St John’s Church of England Primary School in Tunbridge Wells to serve alongside the incumbent. If the incumbent chooses not to act as a governor a substitute can be appointed by the Archdeacon of Tonbridge.

The APCM in 2020 was held on 7 October with some people attending in person and others online via Zoom. During 2020 the PCC met 10 times. From April these meetings were held online.

PCC members who served from 1 January 2020 until the date of this report are:

Incumbent:
The Rev Thomas Nash
(Chairman)		 Term of Office
Ex-Officio
From
December 2020

6

Associate Vicar:
The Rev Dick Farr Ex-Officio
Churchwardens:
Mr Andy Bradshaw Elected Annuall
Mr Stephen Rigby Elected Annuall
Diocesan Synod Members:
Mr Stephen Howcroft 2018-21
Mr David Ralph 2018-21
Mr Andrew Smith 2018-21
Deanery Synod Members:
Mr John Finnis 2020-23
Mr Jonathan Parish 2020-23
Mr Tom Barker Co-opted 2020
Mr Tim Lane Co-opted 2020
Until Nov 2020
Mr Tim Prideaux Co-opted 2019
Elected Members:
Mr Tom Barker 2018-21
Miss Claudia Chambers 2018-21
Mr Simon Curtis Treasurer 2019-22
Dr James Fraser 2018-21
Mr Tim Lane Until Nov 2020
Mr John McLernon 2020-23
Mrs Alice Nurden 2020-23
Mr Nick Prideaux Lay Chairman 2020-23
Mr Tim Prideaux 2018-21
Mr Nigel Taylor 2018-21
Mrs Naomi Vallely Until Oct 2020
Mrs Hayley Watts 2019-22
Mr Tony Whittome 2019-22
Mr Bramwel Kibara From Oct 2020
In Attendance:
Mrs Helen Stone Secretary
Miss Jenny Williams Assistant Minister for Women From Oct 2020

Elected Annually Elected Annually

7

Mr Jono Chalkin

From Oct 2020

Assistant Minister for Youth

The following committees work under the authority of the PCC:

Standing Committee

This committee is required by law and meets 10 times each year to transact the PCC's business between meetings, subject to direction from the PCC. It advises the PCC on strategy relating to the mission of St John’s. It oversees the general finances of St John's, monitoring income and expenditure, budgeting and coordinating an annual review of our Christian financial stewardship through planned giving to the church. It may authorise emergency expenditure up to £1,200 without the prior agreement of the PCC.

Mission Committee

The committee promotes mission, Christ's Great Commission, and supports church members and linked workers involved in full time outreach at home and abroad. They keep the church family regularly updated and encourage prayer, giving and practical support for St John's mission workers. They will assist the incumbent in offering guidance to those considering Christian service, whether short or long term and the PCC in undertaking reviews in line with our objectives of those who receive grants from the PCC.

Estates Committee

The committee has oversight of the regular maintenance and improvement of the church site and other properties owned by the PCC, and responsibility for properties leased by the PCC. Members act as clerk of works in the supervision of work done on site.

Human Resources Committee

The committee deals with recruitment, employment, organisation and development of lay staff. The requirements for auto-enrolment have been met. All eligible staff are enrolled in “The People’s Pension”. The staff handbook is maintained and updated as required. A staff appraisal system is in operation and yearly reviews take place

Safeguarding Committee

The committee advises the PCC on carrying out its safeguarding responsibilities including ensuring that appropriate policies are in place, the recruitment process for staff and volunteers takes full account of safeguarding issues including that DBS checks are undertaken and kept updated, and that relevant people undergo appropriate safeguarding training.

8

Preparation of report and accounts

The PCC is responsible for preparing the Parochial Church Council's report and the accounts in accordance with applicable law and United Kingdom accounting standards.

The law applicable to charities in England and Wales requires the PCC to prepare accounts for each financial year which give a true and fair view of the state of affairs of the church and of the incoming resources and application of resources of the church for that year.

In preparing these accounts, the PCC are required to:

Approved by the PCC and signed on its behalf by:

Nicholas Prideaux Lay Chairman

……………………………………………….

Date

……………………………………………….

9

THE ECCLESIASTICAL PARISH OF ST JOHN, TUNBRIDGE WELLS

INDEPENDENT EXAMINER'S REPORT

TO THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN, TUNBRIDGE WELLS

I report to the trustees on my examination of the accounts of the Parochial Church Council of the Ecclesiastical Parish of St John, Tunbridge Wells for the year ended 31st December 2020.

Responsibilities and basis of report

As the charity trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity’s accounts carried out under

section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales.

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

  1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

John Duncan FCA For and on behalf of Gilbert Allen & Co

Chartered Accountants

Churchdown Chambers Bordyke Tonbridge Kent TN9 1NR

10

THE ECCLESIASTICAL PARISH OF ST JOHN, TUNBRIDGE WELLS

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31ST DECEMBER 2020

Note
Income from:
Donations and legacies
3
Charitable activities
3
Investments
3
Total income
Expenditure on:
Charitable activities
4
Total resources expended
Net gains on investments
9
Net incoming resources before transfers
Gross transfers between funds
Net movement in funds
Fund balances at 1.1.20
Fund balances at 31.12.20		 Unrestricted
Unrestricted
general
designated
Restricted
funds
funds
funds
£
£
£
479,982
2,312
-
29,225
-
-
-
1,456
-
509,207
3,768
-
[2019:£481,141] [2019:£1,822] [2019:£19,910]
486,195
98,642
-
486,195
98,642
-
[2019:£549,637] [2019:£11,152] [2019:£20,086]
8,288
50,000
-
[2019:£16,177]
31,300
-44,874
-
[2019:-£52,319] [2019:-£9,330]
[2019:-£176]
-31,300
31,300
-
[2019: £76,231] [2019:-£76,231]
-
-13,574
-
[2019:£23,912] [2019:-£85,561] [2019:-£176]
80,000
1,530,792
1,284
80,000
1,517,218
1,284		 Total
2020
£
482,294
29,225
1,456
512,975
[2019:£502,873]
584,837
584,837
[2019:£580,875]
58,288
[2019:£16,177]
-13,574
[2019:-£61,825]
-
-13,574
[2019:-£61,825]
1,612,076
1,598,502		 Total
2019
£
444,963
56,088
1,822
502,873
580,875
580,875
16,177
-61,825
-
-61,825
1,673,901
1,612,076

11

THE ECCLESIASTICAL PARISH OF ST JOHN, TUNBRIDGE WELLS

BALANCE SHEET

AS AT 31ST DECEMBER 2020

Note
Fixed assets
Tangible assets
8
Investments
9
Current assets
Stocks
10
Debtors
11
Cash at bank and in hand
Creditors: amounts falling due
within one year
12
Net current assets
Net assets
Funds
Unrestricted funds
15
Designated funds (unrestricted)
15
Restricted funds
15		 2020
£
£
634,790
653,819
1,288,609
1,028
26,691
307,217
334,936
25,043
309,893
1,598,502
80,000
1,517,218
1,284
1,598,502		 2019
£
£
634,846
595,531
1,230,377
1,023
29,552
385,923
416,498
34,799
381,699
1,612,076
80,000
1,530,792
1,284
1,612,076		 2019
£
£
634,846
595,531
1,230,377
1,023
29,552
385,923
416,498
34,799
381,699
1,612,076
80,000
1,530,792
1,284
1,612,076
1,230,377
381,699
334,936
25,043		 416,498
34,799
1,612,076
80,000
1,530,792
1,284
1,612,076

For the financial year ended 31 December 2020 the charity was entitled to exemption from audit under section 144(2) of the Charities Act 2011.

The trustees have not required the charity to obtain an audit of its financial statements for the year in question in accordance with section 144(2); the trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

The financial statements were approved by the Parochial Church Council and authorised for issue on 19 April 2021 and are signed on its behalf by:

N. Prideaux S.Curtis Lay Chairman Treasurer

12

THE ECCLESIASTICAL PARISH OF ST JOHN, TUNBRIDGE WELLS

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31ST DECEMBER 2020

Cash flows from operating activities
Cash (absorbed by)/generated from operations
Investing activities
Purchase of tangible fixed assets
Interest received
Net generated from/(used in) investing activities
Net increase in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year
Relating to:
Bank balances and short term deposits		 2020
£
£
-71,895
-8,267
1,456
-6,811
-78,706
385,923
307,217
307,217		 2019
£
£
-67,079
-1,194
1,822
628
-66,451
452,374
385,923
385,923		 2019
£
£
-67,079
-1,194
1,822
628
-66,451
452,374
385,923
385,923
-66,451
452,374
385,923
385,923

13

THE ECCLESIASTICAL PARISH OF ST JOHN, TUNBRIDGE WELLS

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2020

1 Accounting policies

1.1 Accounting convention

The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in September 2015 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

1.2 Going concern

At the time of approving the accounts, the PCC has a reasonable expectation that the Church has adequate resources to continue in operational existence for the foreseeable future. Thus the PCC continues to adopt the going concern basis of accounting in preparing the accounts.

1.3 Charitable funds

Unrestricted funds represent 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. They comprise:

lncome is recognised when the Church is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the Church has been notified of the donation, unless performance conditions require deferral of the amount. lncome tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the Church has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

Rental income from letting Church premises is recognised when the rent is due.

14

THE ECCLESIASTICAL PARISH OF ST JOHN, TUNBRIDGE WELLS

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2020

lncome from investments

Dividends and interest are accounted for when due and tax recoverable is recognised in the same accounting period.

Gains and losses on investments

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

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

Grants

Grants and donations are accounted for when paid or when awarded if a binding obligation is created.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost ( or deemed cost) or valuation, net of depreciation and any impairment losses.

Consecrated land and buildings and movable Church furnishings

Consecrated and beneficed property of any kind is excluded from the financial statements by s10(2)(a) of the Charities Act 2011 . The Church Centre is attached to the Church and falls within this exclusion. Moveable Church furnishings held by the Vicar and Churchwardens on special trust for the PCC, and which require a faculty for disposal, are accounted as inalienable property unless consecrated. For inalienable property acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the financial statements. Expenditure incurred during the year on consecrated or beneficed buildings and moveable Church furnishings, whether maintenance or improvement, is written off.

Other land and buildings

Other land and buildings held on behalf of the PCC for its own purposes are shown at deemed cost, which is their valuation in the accounts upon transition to FRS 102, and consists of 112 Stephen's Road, Tunbridge Wells. The property is maintained to a level where its residual value is at least equal to its net book value and any depreciation would therefore be immaterial. Annual impairment reviews are carried out to confirm this.

Fixtures, fittings and equipment

Depreciation is provided on fixtures, fittings and equipment at 20% per annum on cost to write them off over their expected useful lives. Individual items (unless part of a larger capital expenditure programme) with a purchase price of less than £250 are written off in the period in which they are purchased.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income for the year.

15

THE ECCLESIASTICAL PARISH OF ST JOHN, TUNBRIDGE WELLS

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2020

1.7 Fixed asset investments

Fixed asset investments include investment property (12 St David's Road Tunbridge Wells) and COIF investments. Investment property is property rented to third parties. Investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year.

1.8 Stocks

Stocks are stated at the lower of cost and net realisable value, which is the estimated net selling price.

1.9 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11 Retirement benefits

For non-clergy, the regulations relating to auto-enrolment have been met by enrolling all eligible staff in "The People's Pension" - a defined contribution scheme. The pension costs are accounted for on the basis of contributions payable for the year.

For clergy paid by the Diocese, the Diocese has responsibilty for any pension shortfall. For clergy paid by the PCC, there is exemption from pension liabilities as a "minor responsible body".

1.12 Leases

Rentals payable under operating leases, including any lease incentives received, are charged to income on a straight line basis over the term of the relevant lease.

2. Related party transactions

No trustees received any remuneration or benefits or claimed any expenses for their work as trustees (2019 none). However, Naomi Vallely received £4,860 (2019 - £2,160) for providing accommodation in her house for a ministry trainee. Mrs Vallely did not take part in any discussion concerning the payment which was considered 'fair value' for the PCC

16

THE ECCLESIASTICAL PARISH OF ST JOHN, TUNBRIDGE WELLS

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2020

Unrestricted
Designated
Restricted
funds
funds
funds
3.
Income
£
£
£
Donations and gifts
Gift aid donations
344,168
-
-
Income tax recoverable
86,905
-
-
Other planned giving
36,195
-
-
Collections and specific donations
2,011
-
-
Other income (Job Retention Scheme Grant)
10,703
-
-
479,982
-
-
Legacies receivable
-
2,312
-
Charitable activities
Church activities
7,766
-
-
Fees
348
-
-
Hire of Church, Church Centre, and
other church properties
21,111
-
-
29,225
-
-
Investment income
Dividends and interest
-
1,456
-
Total income
509,207
3,768
-
2019
[£481,141]
[£1,822]
[£19,910]		 Total
2020
£
344,168
86,905
36,195
2,011
10,703
479,982
2,312
7,766
348
21,111
29,225
1,456
512,975
[£502,873]		 Total
2019
£
305,526
79,934
38,204
21,299
-
444,963
-
24,753
1,607
29,728
56,088
1,822
502,873

17

THE ECCLESIASTICAL PARISH OF ST JOHN, TUNBRIDGE WELLS

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2020

4.
Expenditure - Charitable activities
Staff costs
Depreciation
Training
Ministry expenses
Printing and stationery
Telephone and postage
Running expenses
Cost of services
Other ministry costs
Other property costs
Insurance
Bank charges
Grants (note 5)
Governance costs (note 6)
2019
5.
Grants payable
The Cross Teach Trust
Overseas Missionary Fellowship
People International
South American Mission Society
WEC International
Proclamation Trust
UCCF
Crosslinks
TW Street Pastors
CPAS
The Christian Institute
True Freedom Trust
C of E Evangelical Council
Gifts to leavers
ReNew
GAFCON
GAFCON conference
Rochester Good Stewards
Diocese of Rochester
Friends of Mandritsara Hospital
2019		 Unrestricted
Designated
Restricted
funds
funds
funds
£
£
£
300,210
-
-
-
8,323
-
15,207
-
-
4,380
-
-
3,848
-
-
2,924
-
-
48,605
-
-
3,381
-
-
12,827
-
-
3,621
90,319
-
11,988
-
-
980
-
-
75,500
-
-
2,724
-
-
486,195
98,642
-
[£549,637]
[£11,152]
[£20,086]
Unrestricted
Designated
Restricted
funds
funds
funds
£
£
£
8,708
-
-
6,408
-
-
8,691
-
-
6,408
-
-
7,208
-
-
3,890
-
-
6,408
-
-
7,281
-
-
500
-
-
500
-
-
500
-
-
500
-
-
1,000
-
-
-
-
-
-
-
-
1,000
-
-
1,500
-
-
15,000
-
-
-
-
-
-
-
-
75,500
-
-
[£69,973]
[£-]
[£19,910]		 Total
2020
£
300,210
8,323
15,207
4,380
3,848
2,924
48,605
3,381
12,827
93,940
11,988
980
75,500
2,724
584,837
[£580,875]
Total
2020
£
8,708
6,408
8,691
6,408
7,208
3,890
6,408
7,281
500
500
500
500
1,000
-
-
1,000
1,500
15,000
-
-
75,500
[£89,883]		 Total
2019
£
306,070
8,906
11,950
11,291
4,738
3,607
71,394
4,548
33,927
19,089
11,928
814
89,883
2,730
580,875
Total
2019
£
8,110
5,995
7,630
6,995
6,120
3,190
6,370
15,213
2,950
500
500
500
1,000
3,000
750
-
-
15,000
60
6,000
89,883

Nick Prideaux is a trustee of People International, John McLernon is an employee of Crosslinks and a member of the C of E Evangelical Council. Stephen Rigby is a trustee of UCCF and Simon Curtis is a trustee of TW Street Pastors. Each of them abstained from any discussion and voting concerning donations to their respective organisations.

18

THE ECCLESIASTICAL PARISH OF ST JOHN, TUNBRIDGE WELLS

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2020

6.
Governance costs
Accountancy
Independent examiner's fees		 2020
£
1,778
952
2,730		 2019
£
1,778
952
2,730

7. Employees

The average monthly number of persons employed by the charity during the year was:

Bible teaching staff (full time equivalent)
Support staff (full time equivalent)
Their aggregate remuneration comprised:
Stipends, salaries and associated costs
Pension contributions (non-stipend staff)		 2020
4
5
9.0
289,218
10,992
300,210		 2019
4.5
5
9.5
294,526
11,544
306,070

These figures include the vicar and associate vicar who are employed by the Diocese of Rochester, but their stipends and associated costs are met by St John's.

Ministry trainees are offered training at Cornhill, provided with an accommodation allowance and a small living allowance. They are not employees and are not included in the above figures.

8.
Tangible fixed assets
Cost
At 1 January 2020
Additions (video cameras and
associated IT)
At 31 December 2020
Depreciation and impairment
At 1 January 2020
Depreciation charged in the year
At 31 December 2020
Carrying amount
At 31 December 2020
At 31 December 2019		 Land &
buildings
£
625,000
-
625,000
-
-
-
625,000
625,000		 Fixtures,
fittings &
equipment
£
165,794
8,267
174,061
155,948
8,323
164,271
9,790
9,846		 Total
£
790,794
8,267
799,061
155,948
8,323
164,271
634,790
634,846

19

THE ECCLESIASTICAL PARISH OF ST JOHN, TUNBRIDGE WELLS

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2020

9.
Fixed asset investments
Market value at 1 January 2020
Change in the year
Market value at 31 December 2020
Historical cost
10. Stocks
Book stock held
11. Debtors
Gift aid debtor
Staff loan
Prepayments and accrued income
12. Creditors - amounts falling due
within one year
Other taxation and social security
Trade creditors
Accruals and deferred income		 Investment
COIF
Total
Property investment
2020
2020
2020
£
£
£
500,000
95,531
595,531
50,000
8,288
58,288
550,000
103,819
653,819
-
24,035
24,035
2020
2019
£
£
1,028
1,023
2020
2019
£
£
8,391
7,389
-
2,500
18,300
19,663
26,691
29,552
2020
2019
£
£
3,726
4,866
16,273
16,116
5,044
13,817
25,043
34,799		 Total
2019
£
579,354
16,177
595,531
24,035

13. Financial commitments, guarantees and contingent liabilities

St John's Infant School Site Trustees

The Trustees of the St John's Infant School site made a contribution to the costs of the Church Centre and 12 St David's Road Tunbridge Wells. If either property is ever sold, a proportion of the proceeds will be repaid to the Trust.

14. Cash generated from operations
Deficit for the year
Adjustments for:
Investment income recognised in the SOFA
Fair value gains and losses on investments
Depreciation of tangible fixed assets
Movements in working capital:
Change in stocks
Change in debtors
Change in creditors
Cash absorbed by operations		 2020
2019
£
£
-13,574
-61,825
-1,456
-1,822
-58,288
-16,177
8,323
8,906
-5
523
2,861
2,902
-9,756
414
-71,895
-67,079

20

THE ECCLESIASTICAL PARISH OF ST JOHN, TUNBRIDGE WELLS

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2020

15.
Funds
Unrestricted funds
General fund
Designated funds (unrestricted)
Legacy fund
Repair funds at Diocese
Maintenance fund
Capital fund
Total designated funds
Total unrestricted funds
Restricted funds
Special collections
Christian holiday bursary fund
Repairs fund
Total restricted funds
Total funds		 Balance
Income
Expense
Investment
Transfers
Balance
at 1.1.20
gain
at 31.12.20
80,000
509,207
-486,195
8,288
-31,300
80,000
287,999
3,535
-70,319
-
11,043
232,258
76,536
233
-20,000
-
11,990
68,759
31,411
-
-
-
-
31,411
1,134,846
-
-8,323
50,000
8,267
1,184,790
1,530,792
3,768
-98,642
50,000
31,300
1,517,218
1,610,792
512,975
-584,837
58,288
-
1,597,218
138
-
-
-
-
138
146
-
-
-
-
146
1,000
-
-
-
-
1,000
1,284
-
-
-
-
1,284
1,612,076
512,975
-584,837
58,288
-
1,598,502