**REGISTERED CHARITY NUMBER: 1144047**
## **REPORT OF THE TRUSTEES AND**
**FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023**
**FOR ST JOHNS CHURCH, UPPER NORWOOD**
Hartley Fowler LLP Chartered Accountants 4th Floor Tuition House 27-37 St George's Road Wimbledon London SW19 4EU
**ST JOHNS CHURCH, UPPER NORWOOD**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023**
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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 12
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**ST JOHNS CHURCH, UPPER NORWOOD**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023**
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**
## **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.
## **Significant activities**
Concurrent with this trustees' annual report, we are publishing under separate cover detailed reports concerning church activities both new and ongoing during 2023 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
## **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: o Worship and prayer, learning about the Gospel and developing their knowledge and trust in Jesus. o Provision of pastoral care for people living in the parish. o Missionary and outreach work.
## **FINANCIAL REVIEW Financial position**
Details of the income and expenditure for the year are set out in the Statement of Financial Activities on page of the Financial Statements and in the notes to the accounts.
## **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.
## **Lambourne Trust**
The church benefitted from £3,500 received in the year from income accrued from investments held by CCLA from a legacy received some years ago to support the training and education of assistant clergy at St John's. The total funds held amounted to £239,268 at 31 December 2023 (2022 £228,016). These figures have not previously or in the current year been reflected in the overall funds of the PCC but the basis on which these funds are held is to be reviewed for the 2024 accounts as it is felt these may constitute a separate restricted or endowment fund under the control of the PCC.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The PCC is a body corporate (PCC Powers Measure 1956, Church Representation Rules 2011) and a registered charity.
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**ST JOHNS CHURCH, UPPER NORWOOD**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **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 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.
## **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 Registered Charity number** 1144047
## **Principal address**
2 Sylvan Road Upper Norwood London SE19 2RX
## **Trustees**
W Bagshaw A Barrett R Blakeborough N Bucknall - Churchwarden R Hall - Churchwarden Ms S Ikediashi Ms A Lisk Revd J Pritchard - Vicar T G Roberts - Honorary Treasurer M Robertson O Sawyerr J Stephens - Deanery Synod member Mrs M Stephens - PCC Secretary J Weekes Ms K Wheble Damon Brash * Emily Owen* Claudia Noel* Robert Barber* Deanery Synod member *Elected Ist May 2023
## **Independent Examiner**
Jonathan Askew Hartley Fowler LLP Chartered Accountants 4th Floor Tuition House 27-37 St George's Road Wimbledon London SW19 4EU
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**ST JOHNS CHURCH, UPPER NORWOOD**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023**
Approved by order of the board of trustees on 13 June 2024 and signed on its behalf by:
R Hall - Trustee
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**INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ST JOHNS CHURCH, UPPER NORWOOD**
## **Independent examiner's report to the trustees of St Johns Church, Upper Norwood**
I report to the charity trustees on my examination of the accounts of St Johns Church, Upper Norwood (the Trust) for the year ended 31 December 2023.
## **Responsibilities and basis of report**
As the charity trustees of the Trust 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 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 member of the Institute of Chartered Accountants in England and Wales, 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 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.
Jonathan Askew
Hartley Fowler LLP Chartered Accountants 4th Floor Tuition House 27-37 St George's Road Wimbledon London SW19 4EU
29 June 2024
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**ST JOHNS CHURCH, UPPER NORWOOD**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023**
|Unrestricted
Restricted
funds
funds
Notes
£
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
192,764
-
**Charitable activities**
Ministry
6,066
-
Other charitable activities
2
63,155
-
Investment income
3
8,693
-
**Total**
270,678
-
**EXPENDITURE ON**
Raising funds
5,708
-
**Charitable activities**
Ministry
146,268
-
Church running costs
68,694
-
Music
27,992
-
Restoration and improvements
-
60,411
**Total**
248,662
60,411
**NET INCOME/(EXPENDITURE)**
22,016
(60,411)
**RECONCILIATION OF FUNDS**
Total funds brought forward
383,413
95,417
**TOTAL FUNDS CARRIED FORWARD**
405,429
35,006|2023
Total
funds
£
192,764
6,066
63,155
8,693
270,678
5,708
146,268
68,694
27,992
60,411
309,073
(38,395)
478,830
440,435|2022
Total
funds
£
261,605
9,466
47,239
9,194
327,504
3,355
258,695
69,251
37,314
-
368,615
(41,111)
519,941
478,830|
|---|---|---|
The notes form part of these financial statements
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**ST JOHNS CHURCH, UPPER NORWOOD**
## **BALANCE SHEET 31 DECEMBER 2023**
|Unrestricted
Restricted
funds
funds
Notes
£
£
**FIXED ASSETS**
Tangible assets
6
113,724
-
Heritage assets
7
33,488
-
Investments
8
78,666
-
225,878
-
**CURRENT ASSETS**
Stocks
9
1,000
-
Debtors
10
11,370
-
Cash at bank and in hand
170,205
35,006
182,575
35,006
**CREDITORS**
Amounts falling due within one year
11
(3,024)
-
**NET CURRENT ASSETS**
179,551
35,006
**TOTAL ASSETS LESS CURRENT LIABILITIES**
405,429
35,006
**NET ASSETS**
405,429
35,006
**FUNDS**
12
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|2023
Total
funds
£
113,724
33,488
78,666
225,878
1,000
11,370
205,211
217,581
(3,024)
214,557
440,435
440,435
405,429
35,006
440,435|2022
Total
funds
£
121,246
33,488
82,590
237,324
1,000
-
256,881
257,881
(16,375)
241,506
478,830
478,830
383,413
95,417
478,830|
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 13 June 2024 and were signed on its behalf by:
R Hall - Trustee
The notes form part of these financial statements
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**ST JOHNS CHURCH, UPPER NORWOOD**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023**
## **1. ACCOUNTING POLICIES**
## **Basis of preparation of the financial statements**
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 income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount 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
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**ST JOHNS CHURCH, UPPER NORWOOD**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023**
## **2. OTHER CHARITABLE ACTIVITIES**
|Fundraising and event income
Income from hire of church and other buildings
**3.**
**INVESTMENT INCOME**
Dividends received
Deposit account interest|2023
£
5,242
57,913
63,155
2023
£
7,725
968
8,693|2022
£
10,590
36,649
47,239
2022
£
7,827
1,367
9,194|
|---|---|---|
## **4. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022.
## **5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|Unrestricted
Restricted
funds
funds
£
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
162,627
98,978
**Charitable activities**
Ministry
9,466
-
Other charitable activities
47,239
-
Investment income
9,194
-
**Total**
228,526
98,978
**EXPENDITURE ON**
Raising funds
3,355
-
**Charitable activities**
Ministry
126,142
132,553
Church running costs
69,251
-
Music
37,314
-
**Total**
236,062
132,553
**NET INCOME/(EXPENDITURE)**
(7,536)
(33,575)
**RECONCILIATION OF FUNDS**
Total funds brought forward
390,949
128,992|Total
funds
£
261,605
9,466
47,239
9,194
327,504
3,355
258,695
69,251
37,314
368,615
(41,111)
519,941|
|---|---|
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**ST JOHNS CHURCH, UPPER NORWOOD**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023**
|**5.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**
Unrestricted
Restricted
funds
funds
£
£
**TOTAL FUNDS CARRIED FORWARD**
383,413
95,417
**6.**
**TANGIBLE FIXED ASSETS**
Improvements
Freehold
to
Liturgical
property
property
furnishings
£
£
£
**COST**
At 1 January 2023 and 31 December 2023
115,000
53,061
57,821
**DEPRECIATION**
At 1 January 2023
76,672
16,710
11,254
Charge for year
3,167
1,768
2,587
At 31 December 2023
79,839
18,478
13,841
**NET BOOK VALUE**
At 31 December 2023
35,161
34,583
43,980
At 31 December 2022
38,328
36,351
46,567|Total
funds
£
478,830
Totals
£
225,882
104,636
7,522
112,158
113,724
121,246|
|---|---|
## **7. HERITAGE ASSETS**
Heritage assets include 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.
## **8. FIXED ASSET INVESTMENTS**
|**MARKET VALUE**
At 1 January 2023
Revaluations|Listed
investments
£
82,590
(3,924)|
|---|---|
|At 31 December 2023|78,666|
|**NET BOOK VALUE**
At 31 December 2023|78,666|
|At 31 December 2022|82,590|
There were no investment assets outside the UK.
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**ST JOHNS CHURCH, UPPER NORWOOD**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023**
**----- Start of picture text -----**
8. FIXED ASSET INVESTMENTS - continued
Cost or valuation at 31 December 2023 is represented by:
Listed
investments
£
Valuation in 2022 82,590
Valuation in 2023 (3,924)
78,666
9. STOCKS
2023 2022
£ £
Stocks 1,000 1,000
10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
-
Prepayments and accrued income 11,370
11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Other creditors 3,024 16,375
12. MOVEMENT IN FUNDS
Net
movement At
At 1/1/23 in funds 31/12/23
£ £ £
Unrestricted funds
General fund 383,413 22,016 405,429
Restricted funds
Church restoration fund 87,387 (60,411) 26,976
-
Margaret Riches Fund 8,030 8,030
95,417 (60,411) 35,006
TOTAL FUNDS 478,830 (38,395) 440,435
**----- End of picture text -----**
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**ST JOHNS CHURCH, UPPER NORWOOD**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023**
## **12. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Church restoration fund|Incoming
resources
£
270,678
-|Resources
Movement
expended
in funds
£
£
(248,662)
22,016
(60,411)
(60,411)|
|---|---|---|
|**TOTAL FUNDS**|270,678|(309,073)
(38,395)|
|**Comparatives for movement in funds**
**Unrestricted funds**
General fund
**Restricted funds**
Church restoration fund
Margaret Riches Fund|At 1/1/22
£
390,949
120,893
8,099|Net
movement
At
in funds
31/12/22
£
£
(7,536)
383,413
(33,506)
87,387
(69)
8,030|
||128,992|(33,575)
95,417|
|**TOTAL FUNDS**|519,941|(41,111)
478,830|
|Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
228,526
**Restricted funds**
Church restoration fund
98,978
Margaret Riches Fund
-||Resources
Movement
expended
in funds
£
£
(236,062)
(7,536)
(132,484)
(33,506)
(69)
(69)|
||98,978|(132,553)
(33,575)|
|**TOTAL FUNDS**|327,504|(368,615)
(41,111)|
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**ST JOHNS CHURCH, UPPER NORWOOD**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023**
## **13. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 December 2023.
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