**Charity Registration No. 1135368** # **THE PCC OF ST JOHN THE EVANGELIST, REDHILL ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 DECEMBER 2021** ## **THE PCC OF ST JOHN THE EVANGELIST, REDHILL** ## **LEGAL AND ADMINISTRATIVE INFORMATION** |**PCC**|Sarah Ashworth (Parish Safeguarding Officer)|| |---|---|---| ||Christine Elliott (Deanery Synod Representative)|| ||Christopher Elliott|| ||Mike Genge (Warden)|| ||Joanna Hales|| ||Wayne Ives (Treasurer, co-opted)|| ||John Kronenberg (Vicar)|| ||Caroline Lamont (Warden)|| ||Patrick Moyle (Deputy Warden)|| ||Katherine Murray (Vice Chair)|| ||Sorel Parkes (Deanery Synod Representative)|| ||David Reed (PCC Secretary)|| ||Katie Pilgrim Reed|| ||Anne Rueff|| ||Elizabeth Tredger|| ||Rosalind Turner|| ||John Verity (Deanery Synod Representative)|| ||Margaret Verity (Deanery Synod Representative)|| ||Andrew Moffat (Warden)|(Appointed 25 April 2021)| |**Charity number**|1135368|| |**Principal address**|Church Road|| ||Redhill|| ||RH1 6QA|| |**Independent examiner**|Frances Wilde FCCA DChA|| ||Warner Wilde|| ||Chartered Certified Accountants|| ||4 Marigold Drive|| ||Bisley|| ||Surrey|| ||GU24 9SF|| |**Bankers**|CAF Bank Limited|| ||25 Kings Hill Avenue|| ||Kings Hill|| ||West Malling|| ||Kent|| ||ME19 4TA|| ## **THE PCC OF ST JOHN THE EVANGELIST, REDHILL** ## **CONTENTS** ||**Page**| |---|---| |PCC's report|1 - 7| |Independent examiner's report|8| |Statement of financial activities|9 - 10| |Balance sheet|11| |Notes to the financial statements|12 - 28| ## **THE PCC OF ST JOHN THE EVANGELIST, REDHILL** ## **PCC'S REPORT** ## _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ The PCC present s it’s report and accounts for the year ended 31 December 2021. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the PCC's governing document, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". ## **Objectives and activities** The PCC's objects are to cooperate with the vicar, in promoting in the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, ecumenical and social. The PCC ha s paid due regard to guidance issued by the Charity Commission in deciding what activities the PCC should undertake. ## **Achievements and performance Church Attendance** At the APCM held in September 2021 there were 123 names on the Electoral Roll (123 in 2020, 129 in 2019, 201 in 2018, and 182 in 2017). There was a full review of the Electoral Roll in 2019. The number of adults (those aged 16 and over) attending services on a normal Sunday was 60 and the number of those aged under 16 was on average 15. This number increased significantly for Christmas and Easter services. All our services were streamed online via Youtube. The number of adults (those aged 16 and over) attending services on a normal Sunday was 93 in 2019 and the number of those aged under 16 was on average 19 in 2019. ## **Review of the year** As if 2020 had not been challenging enough, the pandemic and its massive repercussions for everyday life continued into 2021. We did not reopen for “in person” services until Easter Day on 4th April 2021. As the national vaccination programme progressed and people began to feel less worried about the consequences of catching Covid, we saw a steady return in numbers attending services in person. We continued to live stream the main Sunday morning services for which a significant demand remained. It is clear that for many people the habit and frequency of churchgoing had changed not only at St John’s, but across the whole country. Many people continued to see advantages in “attending” church via the live stream rather than in person for reasons other than avoiding Covid. Whilst numbers watching the stream live fell once “in person“ were reinstated, we noted that significant numbers continued to watch the stream during the course of a Sunday. It is generally agreed across the Church of England that live streaming is valuable in its own right and should continue as part of the way churches offering their services. Lockdown left a very considerable backlog of postponed baptisms and weddings which was cleared during 2021. Thanks are due to the baptism visitors team and especially to Allison Kandiah for taking on the administration of baptisms. A number of funerals took place at St John’s during the year. It is clear that a number of people became “in person” worshippers at St John’s after following the live streams during lockdown and periods of restriction. Things have necessarily changed at St John’s, but we continue to find ways of adjusting to our new and changeable situation beyond simply aspiring to reinstate the way things were before the pandemic. We have learned lessons about mission and community and also about the role of the church in offering hope to God’s people when times are dark and uncertain. One key lesson we have learned is that people continue to seek spiritual comfort during times such as these and we must therefore ensure that we are present for them in whatever form that may have to take. - 1 - ## **THE PCC OF ST JOHN THE EVANGELIST, REDHILL** ## **PCC'S REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ We continued to develop our use of “WhatsApp” to encourage community and group cohesion within the church and improve internal communications. “Zoom” has remained an essential means of meeting for the parish. PCC met five times during the year and received written reports from committees. We are grateful to Patricia Barrett for her work as Electoral Roll Officer. The APCM took place on 25th April 2021. At the APCM there were a small number of changes to those on the PCC. At the Meeting of Parishioners prior to the APCM Caroline Lamont was re- elected and Andrew Moffat was elected as our Church Wardens. I am most grateful to our Churchwardens, PCC, Standing Committee, Finance Team, PCC Treasurer Wayne Ives and PCC secretary David Reed and to our deputy wardens for their hard work over a demanding year. ## WORSHIP Changes have continued to the way we worship in response to altered circumstances. Communion was received in one kind only during the year and refreshments after the main morning service had to be put into abeyance. Our technical proficiency with streaming and sound system technology continued to grow over the year as these systems were and continue to be upgraded. The monthly pattern for the 10:30am service continued throughout the year. Due to the pressure of so many other activities in which they are involved, 2nd Reigate and 32nd Meadvale Scouts decided they would in future attend church only for Harvest, Mothering Sunday and Remembrance. BCP Holy Communion and BCP Evening Prayer were reintroduced on 5th September at the revised times of 8.30am and 5.00pm after consultation with some of those who regularly attended those services. By the end of the year we had seen a reasonable recovery in attendance allowing for natural losses. During lockdown our Director of Music, Clement Hetherington and Band Leader, David Wilde went to very great lengths to electronically combine individual recordings produced by Choir and Band members enabling us to enjoy music as part of our increasingly restricted experience of worship. The Choir and Band continued to uplift our worship under Clement and David’s leadership in very challenging circumstances. A thriving Junior Choir has been established by Clement Hetherington after running a workshop largely attended by children from St John’s School towards the end of 2021. We were delighted to welcome Robert Cooper as our new organist early in the year. Robert has longstanding family connections and is very familiar with St John’s. Robert has also taken on responsibility for managing the maintenance and upkeep of the organ for which I am most grateful. Children’s work was necessarily curtailed during the year, but interest and attendance was greatly encouraged by Jo Hales who issued weekly challenges to the children of the church and became more involved in helping to run the Family Communion services. The Good Friday Workshop was held virtually using “Zoom”. St John’s School, Earlswood School and Dunottar School recorded their Christmas carol services at St John’s due to restrictions. The Orpheus Centre Carol Concert was held at St John’s once again and “in person”. We were pleased to host East Surrey Hospital’s annual memorial service for departed loved ones which was well attended “in person”. At the request of the archdeacon, the vicar of Salfords and I are liaising to find ways of working together. This led to the first Christingle Service at St John’s (not to be confused with the Crib Service) for many years. This included a special appearance by St Nicholas enthusiast, Revd Dr Jim Rosenthal the new Vicar of Salfords and was well attended. This will now become part of our regular Christmas offering. I am very grateful to the Reverend Phil Bradshaw who continued to preach on 3rd Sundays and to Stephen Young who served regularly at the Parish Communion even when not open for “in person” worship. Matthew Parkes’ training as a Reader has continued and should be completed mid 2022. One member of the congregation continues the process of vocational discernment with the diocese. - 2 - ## **THE PCC OF ST JOHN THE EVANGELIST, REDHILL** ## **PCC'S REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ Thanks are due to Christopher Claxton Stephens for compiling the Intercessors rota, John Verity for the Readers rota and Ruth Foss-Smith for the Family Service rota. Thanks are also due to Christine Elliott for Weddings administration, Anne Rueff for arranging for statutory fees to be sent to the Diocese, Yvonne Irving for being our weddings verger, to Ray Mandair for the Mowing rota, to Vicky Hutton for running the flowers team and to all the Sidespeople. ## SAFEGUARDING Kate Blamire-Brown stood down as one of our safeguarding officers during the year and was succeeded by Ruth Foss-Smith working with Sarah Ashworth. Our thanks go to them all. There were no serious safeguarding incidents reported during the course of the year. See the attached Safeguarding report. ## COVID-19 RESPONSE Throughout the year we continued to offer Covid support to our community and assisted with related pastoral matters. In particular, thanks are due to Stephen Young for continuing to oversee our Covid19 Volunteer Project. Our new relationship with VARB (Voluntary Action Reigate & Banstead) continues to develop well under Stephen’s guidance. ## PASTORAL WORK The pastoral ministry team continues to meet regularly, to visit and support members of the congregation. We need to expand the group and extend its work to include regular bereavement visiting. If you feel you may be called to assist in this form of ministry, please speak to the vicar. ## CONFIRMATIONS Confirmation classes were held for two adults and two teenagers during the year, all of whom were then confirmed. ## CHILDREN’S & YOUNG PEOPLE’S MINISTRY Our Junior Church WhatsApp group continued to keep children connected to Church and grew in membership. Junior Church continued to write and deliver the intercessions and readings for second Sunday Family Communion Services. Further details are available in the attached Children’s Ministry Group report. A new group for school years 7 to 9 started towards the end of the year led by Catherine Browne and Sarah Walters. One of their first events was a fireworks night and barbecue at the Vicarage. Our thanks are due to Catherine and Sarah for this initiative. ## MAGAZINE Our new quarterly magazine, “A View from St John’s” was launched in the Autumn. It is edited and produced by Caroline Jones and Caroline Faries and it is a fantastic asset to the parish for which we are grateful to them both. It is hoped to develop paid advertising in time to contribute to church funds. ## ECO-CHURCH In September 2021 a meeting was held with interested parties including 2nd Reigate Scouts, church members and local community members to further our intention to become an Eco- Church, led by Ian Lamont. We are now registered as such with A Rocha UK. ## SPARKFISH COLLABORATION Following discussions St John’s and Sparkfish formed a partnership to provide a lunchtime club at St John’s School for Year 6 to help prepare for their transition to secondary school. This will be funded using restricted grant monies received from Southwark diocese in 2019 for our youthwork. This will strengthen our relationship with the school. - 3 - ## **THE PCC OF ST JOHN THE EVANGELIST, REDHILL** ## **PCC'S REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ ## EVENTS It was not possible to hold social events during the year because of the ongoing COVID-19 situation. Philippa and Patrick Moyle organised a reduced plant sale for which we are grateful. Profit was shared between the church and Christian Aid. ## CHURCH FABRIC The Buildings Management Group (Caroline Lamont, Mike Genge and Patrick Moyle) handed responsibility to Facilities Manager, Kevin Armstrong and the staff team for compiling a report on our three buildings for each Standing Committee. Necessary maintenance work continued on the Church, Church Centre and Meadvale Hall. See attached Fabric and Buildings Management Group reports. ## COMMUNITY CENTRE Despite limitations of the pandemic, the Community Centre functioned well and generated a good turnover thanks to the work of Parish Operations Manager, Sarah Ashworth and the staff team. The Hirings Committee consisting of Sarah Ashworth, Anne Rueff and Jerry Taylor is to be congratulated for such a great result. I am most grateful to them all for stepping up to the challenge as I continue to progressively withdraw from active involvement in the management and running of the Centre. ## VICAR’S SABBATICAL My planned 3 month sabbatical had to be postponed because of restrictions on travel. I hope it will be possible to take it in September, October and November 2022. Revd Phil Bradshaw and Revd John Scott have kindly agreed to take the services in my absence, for which I am most grateful. ## **LOOKING FORWARD TO 2022 AND BEYOND** I wrote last year that we must remember that getting back on our feet may be a long journey. We are doing well, but we must also be realistic that St John’s Church has been vulnerable like every other charity and church to severe loss of income over the last two years. Our finances were not in a good state before the impact of the pandemic. This leaves us with two challenges for the coming year. 1. We must continue to build on the experience of learning new ways of operating during pandemic restrictions and ensure that what we offer as a church meets the needs of our community – otherwise they will not be likely to support St John’s or join our congregation. 2. We must recognise the need for every person or family to support the church financially as well as with time and talents, and we must all review our giving every year to ensure it is at a realistic level. That level is a matter for each of us to determine for ourselves prayerfully, based on our own income, needs and expenditure. St John’s remains at the heart of our community and continues to enjoy the affection of many of those who live in the area. Finance follows Faith and not the other way around. So, we must learn to reach out in new ways to grow our regular, committed congregation. Our recovery to financial sustainability will not be quick and it will not be easy, but I am convinced that it is entirely possible for us to transform our finances so that we can concentrate on what church is fundamentally about, if we all resolve to take our share of responsibility and play an active part in our church’s life. _John Kronenberg (Vicar)_ - 4 - ## **THE PCC OF ST JOHN THE EVANGELIST, REDHILL** ## **PCC'S REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ ## **Financial review** Throughout 2021 we remained subject to ongoing uncertainties around COVID, which contributed to a slow Q1 still subject to national restrictions, and Q4. However COVID’s impact on revenue was less acute than 2020, particularly over the summer, and the hall hiring team and Parish Operations Manager have been highly successful at bringing back hirers and identifying new ones to ensure the space is used at peak capacity. We will continue to monitor the balance of payments for the outgoings necessary to run the hall (cleaning, facilities management, utilities etc) against the income generated and will review costs accordingly. Planned giving remained fairly static (a small rise over the year from £48k to £51k). Looking forward, this will need to increase at a greater level in order to keep up with costs, particularly as the church aims to return to a place where we can meet the indicative parish pledge levels set by the diocese. The establishment of a stewardship committee was stalled over the year by wider pressure on volunteers, but a chair has been identified to lead this from mid-2022, if not before. The PCC-agreed transition to the Parish Giving scheme for regular donations should provide a further opportunity to raise income and to regularise gift aid. A new ECO Church drive has been launched, with a restricted fund established for donations. In December 2020 the church received an extremely generous anonymous loan from a parishioner which was recorded in the 2020 accounts. After further discussion the donor expressed the wish to convert the loan to a donation. Per their intentions, we have used that to pay down outstanding arrears and maintain pace with our parish pledge. This was not a legally recoverable or accountable debt, but a moral one that the PCC felt strongly we needed to meet in order to uphold our responsibilities as a member of the diocese and to support other churches in our area. As set out in last year’s reports, the diocese has agreed to write-down the balance of debt on the basis that we settled arrears and paid our 2020 pledge in full, which we managed to do. The final payment on our arrears will be made in Q1 FY 2022, ending this obligation. The settling of our Parish Support Fund obligation, drawing on funds donated in the previous financial year, explains the higher level of outgoings than revenue. We recorded c. £25k additional outgoings to the diocese from this donation on top of our £62k annual pledge. However, it is worth recording that without the backstop offered by that donation, the PCC would not have been able to meet its regular pledge obligations in full in FY 2021 and this donation provided the cushion that allowed us to absorb another year where outgoings outstripped income. However, the balance of payments has continued to take significant steps in the right direction notwithstanding the legacy impact of covid and the more than doubling of our parish pledge from £24,767 in 2020 to £62,204 in 2021. All payments were met. Without further pandemic disruption and with a further giving drive in 2022, we hope and expect the church’s balance to shift into the black within the year. ## **Reserves Policy** The church has maintained its reserves position from FY 2020, maintaining a modest but useful cash balance in our operational accounts to absorb shocks. However, as set out above the church had to draw on our 2020 donation to meet our annual Parish Support Fund obligations and consequently have not been able to repurpose the balance into a cash reserve as aspired two in last year’s accounts. The aspiration for 2022 is to create a reserve separate to our operating budget sufficient to at least four weeks of averaged legally recoverable expenditure by FY end. The PCC assessed the major risks to which the PCC was exposed and was satisfied that systems were in place to mitigate exposure to major risks. - 5 - ## **THE PCC OF ST JOHN THE EVANGELIST, REDHILL** ## **PCC'S REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ ## **Structure, governance and management** The PCC was established by a charitable trust deed on 7 April 2010 and has the responsibility of cooperating with the incumbent in promoting in the ecclesiastical parish the whole mission of the church, pastoral, evangelistic, social and ecumenical. It has the maintenance responsibilities of the Grade II* listed building, St John the Evangelist, the Church Community Centre and Meadvale Hall. The PCC who served during the year and up to the date of signature of the financial statements were: Sarah Ashworth (Parish Safeguarding Officer) Christine Elliott (Deanery Synod Representative) Christopher Elliott Mike Genge (Warden) Joanna Hales Wayne Ives (Treasurer, co-opted) John Kronenberg (Vicar) Caroline Lamont (Warden) Patrick Moyle (Deputy Warden) Katherine Murray (Vice Chair) Sorel Parkes (Deanery Synod Representative) David Reed (PCC Secretary) Katie Pilgrim Reed Anne Rueff Elizabeth Tredger Leslie Tulloch (Electoral Roll Officer to 25/4/21) (Resigned 25 April 2021) Rosalind Turner John Verity (Deanery Synod Representative) Margaret Verity (Deanery Synod Representative) Andrew Moffat (Warden) (Appointed 25 April 2021) The Trustees of the Charity are members of the PCC; they are either ex officio, elected by the Annual Parochial Church Meeting, or co-opted in accordance with the Church Representation Rules. Candidates for election are required to complete the Trustee Declaration of Eligibility and to consent to disclosure of limited personal details to external bodies to enable the charity to operate effectively, to facilitate better internal communication and encourage collaborative working. ## **Organisational structure** The PCC operated through a number of committees which met between full meetings of the Council and had the following terms of reference: ## _Standing Committee_ This is the only sub-committee required by law. Committee members were John Kronenberg, Mike Genge (to April 2021), Wayne Ives, Caroline Lamont, Andrew Moffat (from April 2021) Patrick Moyle, and David Reed. It has the power to transact the business of the PCC between its meetings, subject to any directions given by the Council. ## _The Worship Review Group_ Provides a forum chaired by the vicar to enable feedback from the congregation on worship, music, preaching and general administration of services to be considered and taken into account. ## _Buildings Management Group_ Provides management of our three buildings; the Church, the Community Centre, and Meadvale Hall. - 6 - ## **THE PCC OF ST JOHN THE EVANGELIST, REDHILL** ## **PCC'S REPORT (CONTINUED)** ## _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ ## **How decisions are made** All major policy decisions are made by the PCC during regular meetings; Standing Committee has the power to transact the business of the PCC between its meetings, subject to any directions given by the Council. The Churchwardens, as the leading lay members of the parish, assist the incumbent in the day-today administration of the church affairs and during an interregnum have the authority of the incumbent under canon law. ## **Induction and training of Trustees** New Trustees are active members of the church who feel called to offer a major contribution to the organisational life of the church. Information provided by the Church of England about the role of the trustee and the governance of the PCC were passed onto new trustees. New trustees were encouraged to ask questions and procedures were explained at the first meeting. The PCC's report was approved by the Board of PCC. .............................. **John Kronenberg (Vicar)** PCC member Dated: 29[th] April 2022 - 7 - THE PCC OF ST JOHN THE EVANGELIST. REDHILL INDEPENDENT EXAMINER'S REPORT TO THE PCC OF THE PCC OF STJOHN THE EVANGEUST, REDHILL I report to the PCC on my wrNnatK>n of Ihe ac£ounts of The PCC of St John The Evangallst. R$dhlll Ithe PCCI for the year end&1 31 Deomber 2021. R•sponslblltlM and basts of r•port As th8 trustèès of the PCC you aro r¢sp)nsibl8 the w0para￿￿ of the aLY))unts In aco)rdanc8 wlth tha rsqulrem8nts of the CharthosAcl 2011 (the 2011 kl). I r8port in respect of my ￿mInall0n of the PCC'S finanoal Statements carrled out under sectlon 145 of tho 2011 Aol. In carTring out my ex0minati¢Jn I have followfjd all the applicabb gNen by tha Charity Comm18slon under 8ecUcffl 14515llbl of the 2011 Act Ind•p•nd•nt •x•mln•rfs •t*•m•nt Your attgnll¢M 18 drawn to the fact thal th8 tharity has prepared account8 In accordance Accountlng ond Roportlng by Charttles prgp8rlng Ihelr accounts In o¢cgJrdance wth th8 Fhandal Reporung Standard appll¢able In tho UK and Republle of Ireland IFRS 1021 In prefwence to tho A¢¢tyJnfjng and Repor￿n9 by Charit￿8.. S¢alemenl of Recommended Pra¢aic• on 1 April 2005 ¥thl¢h 1$ rnfarrtd to In thg Oxtant wulatlon8 but ha8 now been wlthdr8wn. l undernt•nd that th18 has been done in order for •¢counts to pro￿ a truo and f85r th In aC￿rdanCe GenerallyAwtsd A￿￿nIng Pra￿￿ effedve for Teporung twlcds beginnlng on or aft•r 1 January 2015. I havo ¢omplotsd my exan￿n￿lIon. I c¢nfirm that matlers have come to my attention In conned¢Jn wth tho gxamlnauon givlng m8 ¢ausg to ￿lieve thal In Qny maled81 r8spe(a'. accounlng records w8rg nol kept In rospect of thg PCC as requlr•J by sKUon 130 crf Iho 2011 Act., or th8 fin￿CIal 8tatements do nol a¢o)rd with th088 r•u3rd8; or the flnand818tatsments do not c>)mpty wlh the applicabb roquirernents concomlrKJ the form and content of OC¢OLmts 88t out In the chart1￿ (Accounts and Rgpcrtts} Regulatknns 2008 other than any rgqulremgnt that the a¢¢ounts gN8 a true and faw ¥18w th 18 {￿t a m8ttgr conalderèd 8$ part of on Indepèndent examlnation. I hav• no concerns and have eomo acfO8S no other matters in connectlon vAth the examlnallon to whlch atten￿trn Should be drawn In th1$ report In ordgr lo enable a proper undwstsnding of the financlal $talemants to be reach•d. FrnnrA• Wlld• FCCA DChA W8rn8r Wllde Charterod Cgrtmed A¢countsnts 4 Marigold Drfve B181ey Surroy GU24 9SF IOL ## **THE PCC OF ST JOHN THE EVANGELIST, REDHILL** ## **STATEMENT OF FINANCIAL ACTIVITIES** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ ## **Current financial year** |**Unrestricted Unrestricted**
**Restricted Endowment**
**funds**
**funds**
**funds**
**funds**
**general d esignated**
**2021**
**2021**
**2021**
**2021**
**Notes**
**£**
**£**
**£**
**£**
**Income from:**
Donations and legacies
**2**
142,604
892
11,410
-
Charitable activities
**3**
66,636
7,987
411
-
Other trading activities
**4**
19
-
-
-
Investments
**5**
10,602
-
359
-
**Total income**
219,861
8,879
12,180
-
**Expenditure on:**
Raising funds
**6**
182
-
-
-
Charitable activities
**7**
168,557
7,678
52,051
-
Other
**12**
359
-
14,836
-
**Total resources expended**
169,098
7,678
66,887
-
Net gains/(losses) on
investments
**13**
-
-
-
1,258
**Net incoming/(outgoing)**
**resources before transfers**
50,763
1,201
(54,707)
1,258
Gross transfers
between funds
-
1,589
(1,589)
-
**Net movement in funds**
50,763
2,790
(56,296)
1,258
Fund balances at 1 January
2021
6,664
15,588
1,745,107
94,703
**Fund balances at 31**
**December 2021**
57,427
18,378
1,688,811
95,961|**Total**
**2021**
**£**
154,906
75,034
19
10,961
240,920
182
228,286
15,195
243,663
1,258
(1,485)
-
(1,485)
1,862,062
1,860,577|**Total**
**2020**
**£**
104,699
35,549
585
10,924
151,757
12
167,456
16,577
184,045
824
(31,464)
-
(31,464)
1,893,526
1,862,062| |---|---|---| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. - 9 - ## **THE PCC OF ST JOHN THE EVANGELIST, REDHILL** ## **STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ ## **Prior financial year** |**Unrestricted Unrestricted**
**Restricted Endowment**
**funds**
**funds**
**funds**
**funds**
**general d esignated**
**2020**
**2020**
**2020**
**2020**
**Notes**
**£**
**£**
**£**
**£**
**Income from:**
Donations and legacies
**2**
89,160
11,270
4,269
-
Charitable activities
**3**
34,554
995
-
-
Other trading activities
**4**
6
-
579
-
Investments
**5**
10,278
-
646
-
**Total income**
133,998
12,265
5,494
-
**Expenditure on:**
Raising funds
**6**
12
-
-
-
Charitable activities
**7**
114,313
638
52,505
-
Other
**12**
646
-
15,931
-
**Total resources expended**
114,971
638
68,436
-
Net gains/(losses) on investments
**13**
-
-
-
824
**Net incoming/(outgoing) resources before**
**transfers**
19,027
11,627
(62,942)
824
Gross transfers between funds
(500)
-
500
-
**Net movement in funds**
18,527
11,627
(62,442)
824
Fund balances at 1 January 2020
(11,863)
3,961
1,807,549
93,879
**Fund balances at 31 December 2020**
6,664
15,588
1,745,107
94,703|**Total**
**2020**
**£**
104,699
35,549
585
10,924
151,757
12
167,456
16,577
184,045
824
(31,464)
-
(31,464)
1,893,526
1,862,062| |---|---| - 10 - **THE PCC OF ST JOHN THE EVANGELIST, REDHILL** ## **BALANCE SHEET** ## _**AS AT 31 DECEMBER 2021**_ |||**2021**|||**2020**|| |---|---|---|---|---|---|---| ||**Notes**|**£**|**£**|**£**||**£**| |**Fixed assets**||||||| |Tangible assets|**14**||2,179,903|||2,229,509| |Investments|**15**||15,960|||14,702| ||||2,195,863|||2,244,211| |**Current assets**||||||| |Debtors|**16**|8,936||674||| |Investments|**17**|8,199||8,199||| |Cash at bank and in hand||122,346||146,853||| |||139,481||155,726||| |**Creditors: amounts falling due within**||||||| |**one year**|**19**|(18,822)||(16,159)||| |Net current assets|||120,659|||139,567| |**Total assets less current liabilities**|||2,316,522|||2,383,778| |**Creditors: amounts falling due after**||||||| |**more than one year**|**20**||(455,945)|||(521,716)| |**Net assets**|||1,860,577|||1,862,062| |**Capital funds**||||||| |Endowmentfunds||||||| |General endowment funds||90,261||89,827||| |Revaluation reserve||5,700||4,876||| |||95,961||94,703||| |Permanent endowment||15,961||14,703||| |Expendable endowment||80,000||80,000||| ||**21**||95,961|||94,703| |**Income funds**||||||| |Restricted funds|**22**||1,688,811|||1,745,107| |Unrestrictedfunds||||||| |Designated funds|**23**|18,378||15,588||| |General unrestricted funds||57,427||6,664||| ||||75,805|||22,252| ||||1,860,577|||1,862,062| The financial statements were approved by the PCC on 29[th] April 2022 ......... ..................... ................... ........... Wayne Ives (Treasurer, co-opted) John Kronenberg (Vicar) **Trustee Trustee** - 11 - **THE PCC OF ST JOHN THE EVANGELIST, REDHILL** ## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ ## **1 Accounting policies** ## **Charity information** St John the Evangelist, Redhill is a Parochial Church Council. ## **1.1 Accounting convention** The financial statements have been prepared in accordance with the PCC's governing document, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The PCC is a Public Benefit Entity as defined by FRS 102. The PCC has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. The accounts have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn. The financial statements are prepared in sterling , which is the functional currency of the PCC . Monetary a mounts in these financial statements are rounded to the nearest £. The accounts have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. ## **1.2 Going concern** At the time of approving the financial statements, the PCC have a reasonable expectation that the PCC has adequate resources to continue in operational existence for the foreseeable future. Thus the PCC continue to adopt the going concern basis of accounting in preparing the financial statements. ## **1.3 Charitable funds** Unrestricted funds are available for use at the discretion of the PCC in furtherance of their charitable objectives unless the funds have been designated for other purposes. Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Endowment funds are subject to specific conditions by donors that the capital must be maintained by the PCC. ## **1.4 Income** Income is recognised when the PCC 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 PCC has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Donations, legacies and other forms of voluntary income are recognised as incoming resources when receivable, except insofar as they are incapable of financial measurement. Income tax refunds are recognised at the same time as the income to which they relate. Grants are recognised when the PCC is entitled to the income. - 12 - ## **THE PCC OF ST JOHN THE EVANGELIST, REDHILL** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ ## **1 Accounting policies** **(Continued)** Deferred income arises when the PCC is in receipt of income that relates to a future period. ## **1.5 Expenditure** Liabilities and the resulting expenditure are recognised when either a legal or constructive obligation is recognised. ## **1.6 Tangible fixed assets** Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life . Land and buildings Impairment review and 2% straight line on buildings Plant and machinery straight line over 4 years IT/ AV equipment straight line over 3 years Freehold land and assets in the course of construction are not depreciated. 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 the statement of financial activities . If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. An impairment loss is recognised immediately in income/ (expenditure for the year , unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease. Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately, unless the relevant asset is carried in at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase. ## **1.7 Fixed asset investments** Fixed asset 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 . Transaction costs are expensed as incurred. ## **1.8 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. ## **1.9 Financial instruments** Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price. The statement of financial activities includes the net gains and losses arising on revaluation and disposals throughout the year. - 13 - ## **THE PCC OF ST JOHN THE EVANGELIST, REDHILL** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ ## **1 Accounting policies** ## **(Continued)** ## **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 PCC is demonstrably committed to terminate the employment of an employee or to provide termination benefits. ## **1.11 Retirement benefits** Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. - 14 - ## **THE PCC OF ST JOHN THE EVANGELIST, REDHILL** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ ## **2 Donations and legacies** |**Unrestricted Unrestricted**
**Restricted**
**funds**
**funds**
**funds**
**general d esignated**
**2021**
**2021**
**2021**
**£**
**£**
**£**
Donations and gifts
142,604
892
11,410
Legacies receivable
-
-
-
Grants receivable
-
-
-
142,604
892
11,410
**Donations and gifts**
Planned Giving: Gift Aid donations
59,221
-
-
Planned Giving: Income tax recoverable
16,192
-
-
Planned Giving: Other
9,678
-
-
Collections
3,593
-
-
Collections: Tax refunds
540
-
-
Donations, Appeals etc: Gift Aid donations
2,786
-
-
Donations, Appeals etc: Income tax recoverable
594
-
-
Donations, Appeals etc: Other
-
892
11,410
Social events
-
-
-
Weddings and funerals income
-
-
-
Other
50,000
-
-
142,604
892
11,410|**Total**Unrestricted Unrestricted
Restricted
funds
funds
funds
general
d esignated
**2021**
2020
2020
2020
**£**
£
£
£
154,906
79,160
1,270
4,269
-
-
10,000
-
-
10,000
-
-
154,906
89,160
11,270
4,269
59,221
48,048
-
-
16,192
9,760
-
-
9,678
3,768
-
-
3,593
3,501
-
-
540
-
-
-
2,786
7,265
-
3,089
594
1,902
-
-
12,302
4,686
1,270
-
-
230
-
-
-
-
-
1,180
50,000
-
-
-
154,906
79,160
1,270
4,269|Total
2020
£
84,699
10,000
10,000
104,699
48,048
9,760
3,768
3,501
-
10,354
1,902
5,956
230
1,180
-
84,699| |---|---|---| - 15 - ## **THE PCC OF ST JOHN THE EVANGELIST, REDHILL** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ ## **3 Charitable activities** |**2021**
**£**
Services provided under contract
7,987
Ancillary trading income
2,317
Charitable rental income
57,177
Other income
7,553
75,034
Analysis by fund
Unrestricted funds - general
66,636
Unrestricted funds - designated
7,987
Restricted funds
411
75,034
**Other trading activities**
**Unrestricted**Unrestricted
Restricted
**funds**
funds
funds
**general**
general
**2021**
2020
2020
**£**
£
£
Fundraising events
19
6
579
**Investments**
**Unrestricted**
**Restricted**
**Total**Unrestricted
Restricted
**funds**
**funds**
funds
funds
**general**
general
**2021**
**2021**
**2021**
2020
2020
**£**
**£**
**£**
£
£
Rental income
10,170
-
10,170
9,739
-
Interest receivable
432
359
791
539
646
10,602
359
10,961
10,278
646|**2020**
**£**
995
3,184
27,614
3,756
35,549
34,554
995
-
35,549
Total
2020
£
585
Total
2020
£
9,739
1,185
10,924| |---|---| ## **4 Other trading activities** ## **5 Investments** - 16 - ## **THE PCC OF ST JOHN THE EVANGELIST, REDHILL** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ ## **6 Raising funds** ||**Unrestricted**|Unrestricted| |---|---|---| ||**funds**|funds| ||**general**|general| ||**2021**|2020| ||**£**|£| |Fundraising and publicity||| |Staging fundraising events|56|12| |Trading costs||| |Other trading activities|126|-| ||182|12| - 17 - **THE PCC OF ST JOHN THE EVANGELIST, REDHILL** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ ## **7 Charitable activities** |Staff costs
Depreciation and impairment
Diocesan Share
Clergy and Readers' Expenses
Office Expenses
Fees
Altar and Service Expenses
Music
Other
New Hall Expenses
Mission Support costs
Grant funding of activities (see note 8)
Share of support costs (see note 9)
Share of governance costs (see note 9)
**Analysis by fund**
Unrestricted funds - general
Unrestricted funds - designated
Restricted funds
**8**
**Grants payable**
Grants to individuals||**2021**
**£**
22,695
49,607
87,234
9,811
5,591
3,096
1,459
4,593
1,159
13,150
-
198,395
619
26,928
2,344
228,286
168,557
7,678
52,051
228,286
**2021**
**£**
619
619|**2020**
**£**
19,810
49,606
24,767
12,659
3,839
1,044
801
3,260
513
21,428
569
138,296
-
27,925
1,235
167,456
114,313
638
52,505
167,456
**2020**
**£**
-
-| |---|---|---|---| ||||| - 18 - ## **THE PCC OF ST JOHN THE EVANGELIST, REDHILL** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ |**9**
**Support costs**
**Support**
**costs**
**Governance**
**costs**
**£**
**£**
Church Running and
Maintenance: Utilities
10,374
-
Church Running and
Maintenance: Insurance
4,553
-
Church Running and
Maintenance: Repairs
and Maintenance
7,391
-
Meadvale Hall Running
Costs
3,969
-
Books and Printing
641
-
Independent Examiners
fees
-
2,309
Other governance costs
-
35
26,928
2,344
Analysed between
Charitable activities
26,928
2,344|**2021**
Support
costs
Governance
costs
**£**
£
£
10,374
8,824
-
4,553
8,001
-
7,391
3,816
-
3,969
6,843
-
641
441
-
2,309
-
1,200
35
-
35
29,272
27,925
1,235
29,272
27,925
1,235|2020
£
8,824
8,001
3,816
6,843
441
1,200
35
29,160
29,160| |---|---|---| ## **10 PCC** None of the PCC (or any persons connected with them) received any remuneration during the year, or received any reimbursed expenses other than as disclosed in note 25. ## **11 Employees** The average monthly number of employees during the year was: ||**2021**|**2020**| |---|---|---| ||**Number**|**Number**| ||3|3| |**Employment costs**|**2021**|**2020**| ||**£**|**£**| |Wages and salaries|22,495|19,727| |Other pension costs|200|83| ||22,695|19,810| During the year there were 3 part time staff (full time equivalent - 1) - 19 - ## **THE PCC OF ST JOHN THE EVANGELIST, REDHILL** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ ## **11 Employees** ## **(Continued)** There were no employees whose annual remuneration was more than £60,000. ## **12 Other** |**Unrestricted**
**funds**
**general**
Financing costs
359
359
**For the year ended 31 December 2020**
646
**13**
**Net gains/(losses) on investments**
Revaluation of investments
**14**
**Tangible fixed assets**
**Land and**
**buildings**
**£**
**Cost**
At 1 January 2021
2,360,856
At 31 December 2021
2,360,856
**Depreciation and impairment**
At 1 January 2021
136,287
Depreciation charged in the year
45,617
At 31 December 2021
181,904
**Carrying amount**
At 31 December 2021
2,178,952
At 31 December 2020
2,224,569|**Restricted**
**Total**
**Total**
**funds**
**2021**
**2020**
**£**
**£**
14,836
15,195
16,577
14,836
15,195
16,577
15,931
16,577
**Endowment**Endowment
**funds**
funds
**2021**
2020
**£**
£
1,258
824
**Plant and**
**machinery**
**IT/ AV**
**equipment**
**Total**
**£**
**£**
**£**
18,030
2,853
2,381,739
18,030
2,853
2,381,739
14,992
951
152,230
3,038
951
49,606
18,030
1,902
201,836
-
951
2,179,903
3,038
1,902
2,229,509| |---|---| ||| ||| ||| ||| ||| - 20 - ## **THE PCC OF ST JOHN THE EVANGELIST, REDHILL** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ ## **14 Tangible fixed assets** ## **(Continued)** The brought forward balance is made up as follows: Meadvale Hall £80,000 Church Centre £2,280,856 ## **15 Fixed asset investments** ||**Listed**| |---|---| ||**investments**| ||**£**| |**Cost or valuation**|| |At 1 January 2021|14,702| |Valuation changes|1,258| |At 31 December 2021|15,960| |**Carrying amount**|| |At 31 December 2021|15,960| |At 31 December 2020|14,702| ## **Fixed asset investments revalued** The original cost of investment assets must be disclosed. Where the original value is not known the earliest value must be shown. The earliest value recorded for investment assets is £9,003. This was as at 31 December 2009. ## **16 Debtors** |**Amounts falling due within one year:**
Trade debtors
Other debtors
**17**
**Current asset investments**
Unlisted investments|**2021**
**£**
2,536
6,400
8,936
**2021**
**£**
8,199|**2020**
**£**
-
674
674
**2020**
**£**
8,199| |---|---|---| Consist of the 'Goudge Fund', a CBF Church of England Deposit Fund. - 21 - ## **THE PCC OF ST JOHN THE EVANGELIST, REDHILL** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ ## **18 Loans and overdrafts** |Bank loans
Payable within one year
Payable after one year
Amounts included above which fall due after five years:
Payable by instalments|**2021**
**£**
470,318
14,373
455,945
392,753|**2020**
**£**
485,560
13,844
471,716
411,416| |---|---|---| The long-term loan is secured by a legal mortgage and charge over land on the North side of St John's Church, Church Road, Redhill under title number SY848715. The charity has a loan with CAF Bank of £470,318 (2020: 485,560). The loan is repayable over the period until 2043. The interest is 3% over the bank base rate. ## **19 Creditors: amounts falling due within one year** |**Notes**
Bank loans
**18**
Other taxation and social security
Trade creditors
Accruals and deferred income
**Creditors: amounts falling due after more than one year**
**Notes**
Bank loans
**18**
Other creditors|**2021**
**£**
14,373
467
2,457
1,525
18,822
**2021**
**£**
455,945
-
455,945|**2020**
**£**
13,844
202
420
1,693
16,159
**2020**
**£**
471,716
50,000
521,716| |---|---|---| ## **20 Creditors: amounts falling due after more than one year** - 22 - ## **THE PCC OF ST JOHN THE EVANGELIST, REDHILL** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ ## **21 Endowment funds** Endowment funds represent assets which must be held permanently by the PCC. Income arising on the endowment funds can be used in accordance with the objects of the PCC and is included as unrestricted income. Any capital gains or losses arising on the assets form part of the fund. |**Balance at**
**1 January 2020**
**£**
**Permanent endowments**
Elphick Fund
9,876
Legacy Fund
4,003
**Expendable endowments**
Church Halls
Fund
80,000
93,879|**Movement in funds**
**Income**
**Expense**
**Transfers**
**Revaluation**
**Balance at**
**1 January 2021**
**£**
**£**
**£**
**£**
**£**
-
-
-
566
10,442
-
-
-
258
4,261
-
-
-
-
80,000
-
-
-
824
94,703|**Movement in funds**
**Income**
**Expense**
**Transfers**
**Revaluation**
**Balance at**
**31 December**
**2021**
**£**
**£**
**£**
**£**
**£**
-
-
-
757
11,199
-
-
-
501
4,762
-
-
-
-
80,000
-
-
-
1,258
95,961| |---|---|---| ## **Elphick Fund** This fund provides income which is credited directly to the general fund, for floodlighting the church. ## **Legacy Fund** This principally provides income credited to the general fund for upkeep of the churchyard. ## **Church Halls Fund** The Church Halls Fund relates to the carrying value of the Meadvale Hall. - 23 - ## **THE PCC OF ST JOHN THE EVANGELIST, REDHILL** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ ## **22 Restricted funds** The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes: |**Balance at**
**1 January 2020**
**£**
War Memorial
-
New Hall
1,674,058
Organ Maintenance
117,998
Music
1,291
Appeals and Special Collections
471
ECO church
-
Office Capital Fund
-
Church Maintenance and Development
1,269
Toilet/Foyer
828
Mission Support (Area Mission Grant
(SLCF))
10,181
Income to be paid to diocese
1,453
Youth welfare
-
Piano fund
-
Xero training fund
-
1,807,549|**Movement in funds**
**Income**
**Expenditure**
**Transfers**
**Balance at**
**1 January 2021**
**£**
**£**
**£**
**£**
579
-
-
579
-
(64,586)
-
1,609,472
646
(1,136)
-
117,508
195
-
-
1,486
-
-
-
471
-
-
-
-
-
-
-
-
1,220
-
-
2,489
-
-
(828)
-
860
(1,520)
(7,000)
2,521
1,180
(1,044)
-
1,589
250
-
8,328
8,578
150
(150)
-
-
414
-
-
414
5,494
(68,436)
500
1,745,107|**Movement in funds**
**Income**
**Expenditure**
**Transfers**
**Balance at**
**31 December**
**2021**
**£**
**£**
**£**
**£**
-
-
-
579
-
(63,492)
-
1,545,980
359
(582)
-
117,285
-
(100)
-
1,386
-
-
-
471
411
(148)
-
263
8,155
(131)
-
8,024
3,255
(864)
-
4,880
-
-
-
-
-
(1,570)
-
951
-
-
(1,589)
-
-
-
-
8,578
-
-
-
-
-
-
-
414
12,180
(66,887)
(1,589)
1,688,811| |---|---|---| - 24 - ## **THE PCC OF ST JOHN THE EVANGELIST, REDHILL** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ ## **22 Restricted funds** **(Continued)** ## **New Hall** This fund was established in 2011 and is for building a new hall. The proceeds from the sale of the Parochial Hall (which was held in Endowment Funds) have been transferred to this fund. In order to mitigate a predicted temporary shortage of working capital for the New Hall, the PCC approved a loan of up to £75,000 from the Organ restricted fund to the New Hall account. This approval was on the advice that such a loan was acceptable provided proper measures were taken to repay the loan in a reasonable time and the fund would not suffer any loss of interest. A loan of £40,000 was made in October 2018 to be repaid over 10 years with 1% pa interest (£350 p.m.). An additional loan was made in September 2019 and the monthly loan repayments were increased to £636. ## **Organ Maintenance** This fund was established in 2014 with a specific legacy and provides for repair and maintenance of the church organ. A further legacy was received for this purpose in 2015. ## **Appeals and Special collections** This fund represents donations made to the PCC on an agency basis which are then passed directly to nominated charities within the objects of the PCC, or special collections for other specific charitable organisations. ## **Church Maintenance and Development** A legacy was received during 2015 for maintenance of the church. - 25 - ## **THE PCC OF ST JOHN THE EVANGELIST, REDHILL** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ ## **23 Designated funds** The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes: |**Movement in funds**
**Balance at**
**1 January 2020**
**Income**
**Expenditure**
**Balance at**
**1 January 2021**
**£**
**£**
**£**
**£**
War memorial
3,000
-
-
3,000
Fees
961
995
(638)
1,318
Gail Terry donation
-
1,270
-
1,270
John Walling legacy
-
10,000
-
10,000
Designated donations
-
-
-
-
3,961
12,265
(638)
15,588|**Movement in funds**
**Income**
**Expenditure**
**Transfers**
**Balance at**
**31 December**
**2021**
**£**
**£**
**£**
**£**
-
-
-
3,000
7,987
(7,542)
1,589
3,352
-
-
-
1,270
-
-
-
10,000
892
(136)
-
756
8,879
(7,678)
1,589
18,378| |---|---| War Memorial: towards refurbishment. Gail Terry donation: Organ Fund - 26 - ## **THE PCC OF ST JOHN THE EVANGELIST, REDHILL** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ |**24**
**Analysis of net assets between funds**
**General**
**Funds**
**Designated**
**Funds**
**Restricted**
**Funds**
**Endowment**
**Funds**
**2021**
**2021**
**2021**
**2021**
**£**
**£**
**£**
**£**
Fund balances at 31
December 2021 are
represented by:
Tangible assets
97,028
-
2,002,875
80,000
Investments
-
-
-
15,960
Current assets/(liabilities)
17,369
18,378
84,911
1
Long term liabilities
(56,970)
-
(398,975)
-
57,427
18,378
1,688,811
95,961|**Total**
**2021**
**£**
2,179,903
15,960
120,659
(455,945)
1,860,577|General
Funds
Designated
Funds
2020
2020
£
£
-
-
-
-
56,664
15,588
(50,000)
-
6,664
15,588|Restricted
Funds
Endowment
Funds
2020
2020
£
£
2,149,509
80,000
-
14,702
67,314
1
(471,716)
-
1,745,107
94,703|Total
2020
£
2,229,509
14,702
139,567
(521,716)
1,862,062| |---|---|---|---|---| - 27 - ## **THE PCC OF ST JOHN THE EVANGELIST, REDHILL** # **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ ## **25 Related party transactions** During the year, one trustee received reimbursement of telephone and travel expenses totalling £1,126 (2020: £1,394). One trustee received a salary from the Charity, but not in respect of trustee duties. - 28 -