**ST JOHN THE EVANGELIST, UPPER NORWOOD** **THE PAROCHIAL CHURCH COUNCIL OF THE CHURCH OF ST JOHN THE EVANGELIST, UPPER NORWOOD** ## **REPORT OF THE TRUSTEES** ## **AND** ## **FINANCIAL STATEMENTS** **FOR THE YEAR ENDED** **31 DECEMBER 2021** **REGISTERED CHARITY NUMBER 1144047** **ST JOHN THE EVANGELIST, UPPER NORWOOD** ## **REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021** ## **CONTENTS** ||Page| |---|---| |Report of the Trustees|1 to 3| |Independent Examiner’s Report|4| |Statement of Financial Activities|5| |Balance Sheet|6| |Notes to the Financial Statements|7 to 11| ## **ST JOHN THE EVANGELIST, UPPER NORWOOD** ## **REPORT OF THE TRUSTEES** ## **FOR THE YEAR ENDED 31 DECEMBER 2021** The trustees present their report with the financial statements of the charity for the year ended 31 December 2021 The members of the Parochial Church Council (the trustees) confirm that the annual report and financial statements of the charity have been prepared in accordance with the accounting policies set out in note 1 and comply with the Charities Act 2011, the requirements of the charity’s governing body and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities in preparing their accounts in accordance with the Financial reporting Standard 102. ## **AIM AND PURPOSES** St John the Evangelist Parochial Church Council (the PCC) has the responsibility of co-operating with the incumbent, The Reverend John Pritchard, in promoting in the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. The PCC is also responsible for the maintenance and upkeep of the buildings associated with St John the Evangelist Church, Upper Norwood ## **OBJECTIVES AND ACTIVITIES** The PCC is committed to enabling as many people as possible to worship at our church and to become part of our parish community at St John’s. The PCC maintains an overview of worship throughout the parish and makes suggestions on how our services can involve the many groups that live within our parish. Our services and worship put faith into practice through prayer and scripture, music and sacrament. ## **Public benefit** When planning our activities for the year, we have considered the Commission’s guidance on public benefit and, in particular, the supplementary guidance on charities for the advancement of religion. In particular we try to enable ordinary people to live out their faith as part of our parish community through: - Worship and prayer, learning about the Gospel and developing their knowledge and trust in Jesus. - Provision of pastoral care for people living in the parish. - Missionary and outreach work. ## **ACHIEVEMENTS AND PERFORMANCE** Concurrent with this trustees’ annual report, we are publishing under separate cover detailed reports concerning church activities both new and ongoing during 2021 from the incumbent, Father John Pritchard, the churchwardens and individual members of the PCC and the congregation responsible for particular activities and events. These provide a full account of all activities that have taken place in the parish during the year, explain how the objectives of the PCC have been achieved, and how members of the parish have been helped thereby. ## **FINANCIAL REVIEW** **Reserves policy** The PCC seeks to maintain a sufficient level of reserves to support the day to day operations of St John’s and to meet such contingencies as might be reasonably foreseen. The PCC’s policy over a number of years has been to designate all its reserves to help pay for the urgent maintenance and repair projects which regularly can be expected to arise on the grade 2* listed church building, now listed as at risk by English Heritage, with the aim to keep the building safe for continued public use. ## **Overall financial position** Details of the income and expenditure for the year are set out in the Statement of Financial Activities on page 5 of the Financial Statements and in the notes to the accounts. These show a surplus for the year of £110,470 on General Fund to be added to the balance of £280,479 brought forward from prior years increasing the unrestricted fund to be carried forward to £390,949. The surplus for the year included a legacy received totalling £18,870 and it was decided to create a fund for the cleaning and refurbishment of the organ. Donations for this fund received amounted to £99,260 including Gift Aid tax repayment of £15,000. There was an unrealised increase in market value of investments of £6,160. There was a surplus of £45 and unrealised gains on investments of £648 on the Margaret Riches Memorial Fund giving a balance of £8,099 carried forward. There was expenditure during the year totalling £16,392 from the church Restoration Fund comprising the temporary stabilisation of a window in the South Transept and the refurbishment of the church bell. The balance of the Church Restoration Fund carried forward at 31 December 2021 amounted to £120,893. Each restricted or designated fund at 31 December 2021 is shown separately on the Balance Sheet on page 6 of the Financial Statements. **__** **_____________________________________________________________________________________________** **-** 1- **ST JOHN THE EVANGELIST, UPPER NORWOOD** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021** Vicar The Reverend John Pritchard Assistant Curate Vacant Churchwardens Rebecca Hall Nicholas Bucknall Deputy Churchwarden Members of the Parochial Church Council and Trustees: Members throughout the year: John Stephens The Reverend John Pritchard Nicholas Bucknall Rebecca Hall Rachel Rae Terence Roberts John Stephens Margaret Stephens Francoise Zaire Members retiring on 18[th] April 2021: Christina Barber Robert Barber Jacqueline Fraser Sarah Ikediashi Kay Murray Daniel Simpson Allan Stirland Members elected on 18[th] April 2021: Phyllis Appiagyei William Bagshaw Andrew Barrett Ruth Blakeborough Michael Robertson Ola Sawyerr Jermaine Weekes Officers: Hon. Treasurer PCC Secretary Electoral Roll Officers Sacristan Gift Aid Secretary Church and Hall Bookings Safeguarding Children and Vulnerable Adults Terence Roberts Margaret Stephens Francoise Zaire and Margaret Stephens David Riches Rachel Rae Rachel Rae and Gary Hay Rachel Rae and Rebecca Hall Deanery Synod Representatives John Stephens Margaret Stephens ________________________________________________________________________________________ -2- ## **ST JOHN THE EVANGELIST, UPPER NORWOOD** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021** ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The PCC is a body corporate (PCC Powers Measure 1956, Church Representation Rules 2011) and a registered charity. ## **Recruitment and appointment of new trustees** The method of appointment of PCC members is set out in the Church Representation Rules. At St John’s the membership of the PCC consists of the Vicar, The Reverend John Pritchard, the Assistant Curate, The Reverend Dr Daniel Trott, churchwardens, the Treasurer, Deanery Synod representatives and members elected by those members of the congregation who are on the electoral roll of the parish. The PCC members are responsible for making decisions on all matters of general concern and importance to the parish including deciding on how the funds of the PCC are to be spent. New members receive initial training into the workings of the PCC. The full PCC met 5 times during the year with an average level of attendance of almost 83%. ## **Risk Management** The trustees have a duty to identify and review the risks to which the Parochial Church Council (PCC) is exposed and to ensure appropriate controls are in place to safeguard the assets and to provide reasonable assurance against fraud and error. ## **REFERENCE AND ADMINISTRATIVE DETAILS** Name: The Parochial Church Council of St John the Evangelist, Upper Norwood Part of the Diocese of Southwark within the Church of England Registered Charity number 1144047 ## **Principal address** 2 Sylvan Road Upper Norwood London SE19 2RX ## **Independent Examiner** Mr Jonathan Askew FCA Hartley Fowler LLP Chartered Accountants 4[th] Floor Tuition House 27/37 St Georges Road Wimbledon London SW19 4EU ## **ON BEHALF OF THE BOARD** ## **Rebecca Hall** Trustee and Churchwarden _______________________________________________________________________________________________________ -3- ## **ST JOHN THE EVANGELIST, UPPER NORWOOD INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL OF ST JOHN the EVANGELIST UPPER NORWOOD** ## **Independent examiner's report to the trustees of St John the Evangelist Church , Upper Norwood** I report to the Parochial Church Council (PCC) members (the charity trustees) on my examination of the accounts for the year ended 31 December 2021 set out on pages 5 to 11. ## **Responsibilities and basis of report** As the charity trustees you are responsible for the preparation of the accounts for the Parochial Church Council (the PCC) in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner's statement** Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of the Institute of Chartered Accountants of England and Wales (ICAEW) which is one of the listed bodies. 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 Trust 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 confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached. Jonathan Askew FCA Hartley Fowler LLP Chartered Accountants 4th Floor Tuition House 27/37 St George's Road Wimbledon London SW19 4EU Date: ............................................. **-** 4- ## **ST JOHN THE EVANGELIST, UPPER NORWOOD** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021** ||Notes|Unrestricted|Restricted|Funds||| |---|---|---|---|---|---|---| ||||||2021|2020| ||||Church|Margaret||| |||General|Restoration|Riches||| |||Fund|Fund|Memorial Fund|Total Funds|Total Funds| |||£|£|£|£|£| |INCOME||||||| |Donations and legacies
|3(a)
|294,730|||294,730|287,614| |Activities for generating funds|3(b)
|3,147|||3,147|6,409| |Income from church activities|3(c)
|44,343|||44,343|34,607| |Investment income|3(d)
|7,117||209|7,326|7,386| |||_______|______|___|______|______| |**Total income**||349,337||209|349,546|336,016| |EXPENDITURE||||||| |Church activities|4(a)
|236,966|16,392|164|253,522|228,338| |Raising funds|4(b)
|539|||539|1,100| |Depreciation of fixed assets|4(c), 5|7,522|||7,522|6,381| |||_______|______|______|______|______| |**Total expenditure**
||245,027|16,392|164|261,583|236,269| |||_______|______|______|______|______| |NET INCOME/ (EXPENDITURE)|BEFORE|||||| |INVESTMENT GAINS||104,310|(16,392)|45|94,123|99,747| |Gains on investments||6,160||648|6,808|4,259| |||_______|_______|_______|______|
_______| |Net income||110,470|(16,392)|693|94,771|104,006| |Total funds brought forward||280,479|137,285|7,406|425,170|321,164| ||_______||______|______|______|______| |TOTAL FUNDS CARRIED||||||| |FORWARD||390,949|
120.893|8,099|519,941|425,170| ||========||======|======|======|======| ## **CONTINUING OPERATIONS** All incoming resources and resources expended arise from continuing activities The notes form part of these financial statements -5- **ST JOHN THE EVANGELIST, UPPER NORWOOD** ## **BALANCE SHEET AT 31 DECEMBER 2021** |Notes|Notes||Church|Margaret||| |---|---|---|---|---|---|---| |||General|Restoration|Riches|2021
|2020| |||Fund|Fund
|Memorial Fund|Total Funds Total Funds|| |||£|£
|£|£
|£| |**FIXED ASSETS**||||||| |Tangible assets
|5.
|162,256|||162,256
|143,928| |Investments
|6.
|74,507||8083|82,590|107,282| |||______|______|_____|_______|_______| |_Total fixed assets_
||236,763|
|8,083|244,846|251,210| |**CURRENT ASSETS**||||||| |Stocks and work in progress|7.
|1,000|||1,000
|1,000| |Debtors
|8.|22,677|3,240||25,917|10,485| |Cash at bank||145,374|119,153|16|264,543
|174,671| |||______|______|______|______
|_____| |_Total current assets_||169,051|122,393|16|291,460
|186,156| |**LIABILITIES**||||||| |Creditors: Amounts falling due||||||| |within one year|9.|(14,875)|(1,500)||(16,375)
|(12,196)| |||____
|______|______|______
|______| |_Net current assets_||154,176|120,893|16|275,085
|173960| |||_______|______|_____|_______
|______| |
**TOTAL NET ASSETS**||390,949|120,893|8,099|519,941
|425,170| |||=======|======|======|======
|======| |**THE FUNDS OF THE CHARITY:**||||||| |Unrestricted Funds:||||||| |General Fund:||||||| |Music Trust|||||10,361|6,100| |Organ Fund|||||99,620|
-| |General Funds||||||| ||||||280,968
|274,379| ||||||390,949|280,479| |Restricted Funds:||||||| |Church Restoration Fund|||||120,893|137,285| |Margaret Riches Fund|||||8.099|7,406| ||||||_______|________| |
**TOTAL CHARITY FUNDS**|||||519,941|425,170| ||||||**=======**|**=======**| The financial statements were approved by the Trustees on and were signed on its behalf by: ## **Rebecca Hall** Trustee and Churchwarden The notes form part of these financial statements -6- **ST JOHN THE EVANGELIST, UPPER NORWOOD** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021** ## **1. ACCOUNTING POLICIES** ## **Basis of preparation** The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared under the Church Accounting Regulations 2006, in accordance with applicable accounting standards (FRS 102) and the current (2015) Statement of Recommended Practice, Accounting and Reporting by Charities (FRS 102) and also in accordance with the Charities Act 2011. ## **Accounting convention** The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain assets such as investments which are carried at market value. ## **Incoming resources** All incoming resources are included on the Statement of Financial Activities once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. ## **Resources expended** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs 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. ## **Tangible Fixed Assets** ## **Consecrated Land and Buildings** Consecrated land and buildings are not included in the accounts of the PCC in accordance with s.10(2)(a) and (c) of the Charities Act 2011 as these are vested in the incumbent. ## **Parish Hall** The parish hall was valued in 1998 by Messrs Stuart Edwards Fullermoon (Chartered Surveyors) at £115,000 of which £20,000 was attributed to the land. The Trustees decided that the portion of the valuation attributable to the buildings and any subsequent improvements thereto would be depreciated based upon a 30 year life. ## **Other Fixed Assets** Other fixed assets are capitalised where their cost exceeds £1,000 are depreciated over their estimated useful life on a straight line basis. Liturgical Furnishings are to be depreciated over an estimated life of 20 years. ## **Heritage Assets** Heritage assets are tangible assets with historical or artistic qualities that are held and maintained principally for their contribution to knowledge and culture. Such assets are recorded at cost where this can be identified and are not depreciated. ## **Stocks** Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Fund accounting** Unrestricted funds are income funds which are to be spent on the PCC’s general purposes and can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purpose within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. The notes form part of these financial statements _________________________________________________________________________________________________ -7- ## **ST JOHN THE EVANGELIST, UPPER NORWOOD** ## **NOTES TO THE FINANCIAL STATEMENTS CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2021** ## **2. TRUSTEES’ REMUNERATION AND EXPENSES** ## **a) Trustees’ remuneration and benefits** There were no trustees’ remuneration or other benefits paid or provided for the year ended 31 December 2021, nor for the year ended 31 December 2020. ## **b) Trustees’ expenses** There were no trustees’ expenses paid for the year ended 31 December 2021, nor for the year ended 31 December 2020. |**3. INCOME**|||||||| |---|---|---|---|---|---|---|---| ||**Unrestricted**|**Restricted**||**TOTAL**|**Unrestricted**|**Restricted**|**TOTAL**| ||**Funds**|**Funds**||**2021**|**Funds**|**Funds**|**2020**| ||**£**||**£**|**£**|**£**|**£**|**£**| |**3(a) Voluntary income**|||||||| |Planned giving|55,870|||55,870|58,078||58,078| |Collections at|||||||| |Services|10,172|||10,172|10,887||10,887| |Donations for|||||||| |specific purpose|11,000|||11,000|
20,747|50,200|62,114| |Donations for|||||||| |Music Trust|23,714|||23,714|11,250||11,250| |Sundry donations|13,896|||13,896|18,530||18,530| |Other Income|172|||172|316||316| |Gift Aid recovered|37,434|||37,434|19,353||19,353| |Charitable appeals|325|||325|0||0| |General grants|23,657|||23,657|27,353||27,353| |Legacies|18,870|||18,870|71,000||71,000| |Donations for Organ|||||||| |Fund|99,620|||99,620|0||0| ||____________________________ __________________________________||||||| ||294,730|||294,730|237,414|50,200|287,614| ||___________________________________||||___________________________________||| |**3(b) Activities for generating**|||||||| |**funds**|||||||| |Fund raising events|2,635|||2,635|6143||6,143| |Sale of votive candles|512|||512|266||266| ||____________________________________________||||_______________________________________________||| ||3,147|||3,147|6,409||6,409| ||**__________________________________**||||**__________________________________**_____||| |**3(c) Income from Church**|||||||| |**Activities**|||||||| |Hire of church and|||||||| |parish hall|33,041|||33,041|25,443||25,443| |Fees for weddings|||||||| |and funerals|2,747|||2,747|1,711||1,711| |Organ recitals|1,955|||1,955|853||853| |Office rent|6,600|||6,600|6,600||6,600| ||___ _______________________________________||||_____________________________________________||| ||44,343|||44,343|34,607||34,607| |**_______________________________________________**|||||**____________________________________________**||| |**3(d) Investment Income**|||||||| |Interest and|||||||| |Dividends|7,117|209||7,326|7,166|220|7,386| ||_________________________________||||_____________________________________||| ||||||7,166|220|7,386| ||**__________________________________________**||||**________________________________________________**||| |**Total Income**|**349,337**|
**209**|
|**349,546**|**285,596**
|**50,420**|
**336,016**| ## **________________________ ___________________________** The notes form part of these financial statements **__________________________________________________________________________________________** -8- **ST JOHN THE EVANGELIST, UPPER NORWOOD** ## **NOTES TO THE FINANCIAL STATEMENTS CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2021** |**4.**|
**EXPENDITURE**|||||||| |---|---|---|---|---|---|---|---|---| |||**Unrestricted**||**Restricted**|**TOTAL**|**Unrestricted**|**Restricted**|**TOTAL**| ||||**Funds**|**Funds**|**2021**
|**Funds**|**Funds**|**2020**| ||||**£**|**£**|**£**
|**£**|**£**|**£**| ||**4(a) Church Activities**|||||||| ||Missionary and|||||||| ||Charitable giving
||8,355||8,355|3,928||3,928| ||Ministry-||||70,438|||71,387| ||Diocesan parish share
||50,000|||48,842||| ||Office salary
||9,418|||9,600||| ||Cost of curate’s flat
||0|||3,423||| ||Other ministry costs
||11,020|||9,522||| ||Mission and Outreach
||10,700||10,700
|4,275||4,275| ||ABCD Project
||14,458||14,458
|13,857||13,857| ||Church running costs –||||84,707|||67,152| ||Insurance
||9,131|||12,121||| ||Lighting, heating and water||33,064|||16,669||| ||Repairs and maintenance||26,207|||24,511||| ||Other church running costs||6,400|||8,103||| ||Management and administration||9,905|||5,748||| ||Music -||||40,420|||11,924| ||Remuneration of Director of|||||||| ||Music
||9,992|||3,680||| ||Professional singers’ and|||||||| ||Organists’ fees
||19,453|||5,150||| ||Tuning and maintenance of organ|||||||| ||and pianos||7,048|||1,836||| ||Music and accessories
||2,127|||558||| ||Recitalists’ fees
||1,800|||700||| ||Altar requisites
||1,925|164|2,089
|1,207|95|1,302| ||Independent examiner’s fees||2,520||2,520
|2,520||2,520| ||Sundry costs
||3,443||3,443
|10,983||10,983| ||Church Improvement costs, etc|||16,392|16,392||41,010|41,010| |||______________________________
||||_______________________________||| |||236,966||16,556|253,522|187,233|41,105|228,338| |||**________________________________**||||**_______________________________**||| ||**4(b) Raising Funds**|||||||| ||Costs of putting on events||539||539|
|1,100|1,100| ||**4(c) Depreciation**|||||||| ||Depreciation of fixed assets||7,522||7,522
|6,831||6,831| |||**_______________________________**||||**_______________________________**||| ||**TOTAL EXPENDITURE**|**245,027**||**16,556**|**261,583**
|**195,164**|**41,105**|**236,269**| |||**________________________________**||||**_______________________________**||| The notes form part of these financial statements **______________________________________________________________________________________________** -9- **ST JOHN THE EVANGELIST, UPPER NORWOOD** ## **NOTES TO THE FINANCIAL STATEMENTS CONTINUED FOR THE YEAR TO 31 DECEMBER 2021** ## **5. TANGIBLE FIXED ASSETS** |**TANGIBLE FIXED ASSETS**|||||| |---|---|---|---|---|---| ||Freehold|Improvements|Liturgical|Heritage|Total| ||Property|to property|Furnishings|Assets*|| ||£|£|£
|£|£| |**COST OR VALUATION**(see Note 1)|||||| |At 1 January 2021|115,000|53,061|37,911|27,548|233,520| |Additions at cost|-|-|||| ||______|______|19,910
|5,940
|25,850| |At 31 December 2021|115,000|53,061|57,821|33,488|259,370| ||______|______|______|______|_______| |**DEPRECIATION**|||||| |At 1 January 2021|70,338|13,174|6,080||89,592| |Charge for year|3,167|1,768|2,587||7,522| ||______|______|______|______|______| |At 31 December 2021|73,505|14,942|8,667
|33,488|97,114| ||______|______|______|_______|______| |**NET BOOK VALUE**|||||| |At 31 December 2021|41,495|38,119|49,154|33,488|162,256| ||=====|=====|======|=====|=====| |At 31 December 2020|44,662|39,887|31,831|33,488|149,868| ||====|=====|======|=====|=====| *The heritage assets comprise the Comper Cope which is considered to be a heritage asset after having been restored over a period of several years, and the Statue of Our Lady of Walsingham made for St John’s in 2019 and placed in the Lady Chapel and paintings that have been restored. The value included in the accounts is the cost of these exceptional items because they are not considered to have a finite useful life and are therefore not depreciated. ## **6. FIXED ASSET INVESTMENTS** |**FIXED ASSET INVESTMENTS**|| |---|---| ||Listed| ||Investments| |**MARKET VALUE**|£| |At 1 January 2021|107,282| |Investments sold at cost|31,500| ||75,782| |Unrealised gain in value in year|6,808| ||_____| ||82,590| |Market value at 31 December 2021|=====| |There were no investment assets outside the UK|| |**STOCKS**
|2021|2020| |---|---|---| ||£|£| |Stocks|1,000|1,000| ||______|______| ||1,000|1,000| ||======|======| |**EBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||| ||2021|2020| ||£|£| |Tax and VAT recoverable
|25,917|7,035| |Other debtors|0|3,450| ||_____|_____| ||25,917|10,485| ||=====|=====| |**General Fund**
|22,677|8,126| |**Restricted Funds**
|3,240|2,359| ## **7.** ## **8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** The notes form part of these financial statements **______________________________________________________________________________________________________** -10- **ST JOHN THE EVANGELIST, UPPER NORWOOD** ## **NOTES TO THE FINANCIAL STATEMENTS CONTINUED FOR THE YEAR TO 31 DECEMBER 2021** ## **9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |**REDITORS: AMOUNTS FALLING DUE**|**WITHIN ONE YEAR**|| |---|---|---| ||2020|2020| ||£|£| |Bank loans and overdrafts|-|-| |Other creditors|16,375|12,196| ||=====
|======| |**General Fund**|14,875|11,002| |**Restricted Funds**|1,500|1,194| ## **10. SUMMARY OF FUND MOVEMENTS** 519,941 |Balance at 1 January 2021
Incoming resources
Resources expended
Unrealised gains on investments
Balance at 31 December 2021|Unrestricted
Restricted
Endowment
General Fund Church Restoration Margaret Riches
Fund
Memorial Fund
280,479
137,285 7,406
349,337
209
(245,027)
(16,392) (164)
_ 6,160 _
__________________ ___ 648
390,949
120,893
8,099
____________________________
_______|Total
425,170
349,546
(261,583)
6,808

_______| |---|---|---| ## **Comparatives for the Movement of Funds** |Balance at 1 January 2020
Incoming resources
Resources expended
Unrealised gains on investments
Balance at 31 December 2020|Unrestricted
Restricted
Endowment
General Fund Church Restoration Margaret Riches
Fund
Memorial Fund
Total
186,192
128,095 6,877
321,164
285,596 50,200
220 336,016
(195,164)
(41,010)
(95)
(236,269)
_ 3,855_____________ _
__________________404
_ 4,259

280,479
137,285
7,406
425,170
_______________________________________________
_______| |---|---| ## **11. CONTINGENT LIABILITIES** Since 2010 fees for the potential redevelopment of part of the site including the construction of a new vicarage have been shared with the Diocese of Southwark. By agreement these fees have been settled by the Diocese with the intention of the parish repaying the Diocese from their share from the income received from the redevelopment project. If the project does not go ahead or there are insufficient funds then the Diocese will give the Parish an interest free loan for a number of years to be agreed. The notes form part of these financial statements 11