THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE DIVINE WITH ST JAMES THE APOSTLE KENNINGTON
ST. JOHN THE DIVINE, KENNINGTON (SJDK) (Registered charity no. 1164999)
REPORT AND FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2021
Report and Accounts
ST. JOHN THE DIVINE, KENNINGTON (SJDK)
REPORT AND FINANCIAL STATEMENTS For the year ended 31 December 2021
CONTENTS
| Page | |
|---|---|
| Legal and administrative information | 1 |
| Board of Trustees' report | 2 |
| Independent Examiner's Report | 6 |
| Statement Of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the financial statements | 9 |
ST. JOHN THE DIVINE, KENNINGTON (SJDK)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS For the year ended 31 December 2021
Chair Canon Mark Williams **Trustees *** Bernice Kudjo Olatunde Akanbi Opadeji Lucy Harriet Rybin Dr Charles Bell Angel Faith Locken Wail Qasim Rev Nicholas James Quanrud Matthew Douglas Gibbs Kumba Kanja Ngegba Rev Stuart Labran Rev Sebastian David Tudor Harries Royston Tony Harold Greywoode Charline Aspasia Marie Taylor Linda Akua Kesse Irene Mosunmola Tewogbade Diana Elizabeth Rollanson-Williams Neil Geoffrey Hall Margaret Eugenie Grocia Venessa Denny Elaine Annette Reid-Hamilton Mark Vincent Dickinson Dr Emmanuel Omololu Adesioye Jeremy Martin Lynda Yvonne Phillips Samson Joshua Ogunbanjo Nicholas Hodgson
Trustees include:
Licenced Clergy of the Parish Churchwardens elected for the year at the annual Vestry Meeting
Members of the Deanery Synod elected for the triennium by the Annual Parochial Church Meeting Members of the Diocesan Synod of the Electoral Roll of the Parish Members of the General Synod on the Electoral Roll of the Parish Elected by the Annual Parochial Church Meeting
Charity reg. no.
Charity reg. no. 1164999 Registered office 92 Vassall Road London SW9 6JA Independent Examiner Knox Cropper LLP 65 Leadenhall Street London EC3A 2AD
1
ST. JOHN THE DIVINE, KENNINGTON (SJDK)
REPORT OF THE COUNCIL For the year ended 31 December 2021
The Council present their annual report for the year ended 2021 under the Charities Act 2011, together with the financial statements for the year, and confirm that the latter comply with the requirements of the Act, the Trust Deed and the Charities Statement of Recommended Practice (FRS 102).
Structure, Governance and Management
Organisation
The Parochial Church Council of St John the Divine with St James the Apostle Kennington registered as a charity with the Charities Commission in England and Wales on 30th December 2015. The registered charity number is 1164999.
The Church is governed by the Parochial Church Council.
Members of the Council are:
Ex Officio: All Licenced Clergy of the Parish (Four) Churchwardens elected for the year at the annual Vestry Meeting (Two) Members of Deanery Synod elected for the triennium by the Annual Parochial Church Meeting (Four) Members of the Diocesan Synod on the Electoral Roll of the Parish (None) Members of General Synod on the Electoral Roll of the Parish (None)
Elected members
Twelve other members proposed and elected by the Annual Parochial Church Meeting.
The Parochial Church Council has appointed a Treasurer and Secretary from its number. The Treasurer for 2021 was Mr Mark Dickinson and the Secretary, Mr Nicholas Hodgson. The Incumbent is the Chairman of the Council, and the Council appointed Ms Venessa Denny, Churchwarden, as Vice-Chairman of the Council. The Council reserves the right to co-opt members who might have a particular contribution to make.
The Council meets six times a year, and delegates some business to Finance, Pastoral, Social and Buildings sub-committees. The standing Committee of the Council comprises the Incumbent, Treasurer, Secretary and Churchwardens, and meets as necessary.
Risk policy
The Council has examined the major strategic, business and operational risks which the charity faces and confirm that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks.
Objectives and activities
The objects of the Council are the furtherance of the mission and ministry of the Church of England in the Benefice of St John the Divine with St James the Apostle, Kennington, including within the Parish schools, St John the Divine Primary School and Saint Gabriel's College.
The Council has paid due regard to guidance issued by the Charities Commission the charity in deciding what activities the charity should undertake.
2
ST. JOHN THE DIVINE, KENNINGTON (SJDK)
REPORT OF THE COUNCIL For the year ended 31 December 2021
Achievements and performance
In 2021 the PCC focused on rebuilding following Covid. Many of our pre-pandemic activities restarted and new projects also began. The PCC has continued to extend its work with children and young people, most notably through music, but also incorporating the Parish schools and the ‘Divine Youth Club’. The latter regularly attracted over 70 children each week during term-time, largely from Saint Gabriel’s College, the parish secondary school. The choirs resumed, and new choristers have been recruited to all choirs, youth choirs have also been working with adult choir to sing together for both services and concerts. The annual Cambridge summer residential for the children’s choirs resumed, following a gap in 2020. Parish groups have restarted or continued, working with people of all ages – including a walking group, a poetry group, and an Advent course. Involvement with Citizens UK, a community organising network, has continued to be a vehicle to improve community institutions locally. The Robes project for homeless people, has been supported by the church, but has continued to take place in hotel accommodation in 2021. The parish also started a mission to Latin American community. It recruited a Latin American Outreach Volunteer, started producing bilingual mass booklets in Spanish and Portuguese, and started to host Latin American events, including a social knitting group in the church hall. Plans were made to start monthly Spanish and Portuguese services in 2022. Restarting hospitality has also been a major task, and the parish hosted several parties during the year, including barbecues to celebrate the Windrush generation, the Nativity of the Blessed Virgin Mary, and a Christmas Party for the Latin American community.
Financial Review
The value of the parish’s net assets increased by £5,364 in 2021, to £322,948, up from £317,584 in 2020. That was, however, more than accounted for by a rise in the value of investments due to rising stock markets. It cannot be assumed this will be repeated. Excluding stock market gains, there was an underlying deficit of £16,833. This underlying deficit was not unexpected and is a result of falls in donations during the pandemic, as well as the early receipt of some grants in 2020 intended for planned expenditure in 2021. Work will be needed in future years to raise the parish’s income, so that its activities are financially sustainable.
Total income was £305,359 against £300,609 in 2020. Expenditure increased to £322,192 in 2021, against £300,292 in 2020, as we restarted activities, and major property repairs were required. No employee changes were made during the year. With COVID restrictions in abeyance, expenditure was more consistent with pre- pandemic norms towards the end of 2021. Expenditure on property maintenance in 2021 increased by £25,163 relative to 2020 due to some major repairs. There was no expenditure on the Community Centre development project in 2021. No legacy income was received. No investments were sold in 2021, and £12,000 investments were purchased.
Reserves policy
It is the policy of the charity to maintain liquid unrestricted funds, which are the free reserves of the charity, at a level which equates to approximately six months unrestricted expenditure. This provides sufficient funds to cover management and administration and support costs and to respond to emergency applications for grants which arise from time to time. Unrestricted funds were maintained at this level throughout the year.
3
ST. JOHN THE DIVINE, KENNINGTON (SJDK)
REPORT OF THE COUNCIL For the year ended 31 December 2021
Plans for future periods
With the encouragement of the Diocese of Southwark, the Parish continues to work towards the development of a new community centre and associated accommodation, and an organ project. With the disruption in activity because of the pandemic, significant outreach work is envisaged in the short to medium term. This will be supported with an additional pastoral assistant in a scheme working with the Society of the Sacred Mission. Opportunities for greater collaboration across the range of music at the church will also be developed.
Public Benefit
The Trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the charity’s aims and objectives and in planning future activities. The trustees have considered the requirement that the Charity's activities continue at all times to be for the public benefit.
Statement of Trustees' Responsibilities
The trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
• select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
• state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
4
ST. JOHN THE DIVINE, KENNINGTON (SJDK)
REPORT OF THE COUNCIL For the year ended 31 December 2021
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the constitution. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the Board of Trustees on 24 October 2022. and signed on their behalf by:
………………………………………………………………………………………….. Mr Jeremy Martin Trustee
5
ST. JOHN THE DIVINE, KENNINGTON (SJDK)
INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF ST. JOHN THE DIVINE, KENNINGTON (SJDK) FOR THE YEAR ENDED 31 DECEMBER 2021
I report to the charity trustees on my examination of the financial statements of St. John the Divine, Kennington (SJDK) for the year ended 31 December 2021.
Responsibilities and basis of report
As the trustees of the St. John the Divine, Kennington (SJDK) you are responsible for the preparation of the accounts in accordance with the requirements ofthe Charities Act 2011 (‘the 2011 Act’). You are satisfied that the accounts are not required by charity law to be audited and have chosen instead to have an independent examination.
Having satisfied myself that the accounts of the St. John the Divine, Kennington (SJDK) are not required to be audited under charity law and are eligible for independent examination, I report in respect of my examination of the accounts carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followedthe Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner’s statement
Since the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I can confirm that I am qualified to undertake the examination because I am a registered member of ICAEW which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the 2011 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of 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.
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
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.
Shoaib Arshad ACA, FCCA Knox Cropper LLP
Chartered Accountants 65 Leadenhall Street, London EC3A 2AD
24 October 2022
6
ST. JOHN THE DIVINE, KENNINGTON (SJDK)
STATEMENT OF FINANCIAL ACTIVITIES (incorporating the Income and Expenditure Account) For the year ended 31 December 2021
| Unrestricted Funds Note 2021 £ INCOME AND ENDOWMENTS FROM: Donations and legacies 2 145,150 Other trading activities 3 95,735 Investments 4 4,318 TOTAL 245,203 EXPENDITURE ON: Charitable activities 261,611 TOTAL EXPENDITURE 5 261,611 (16,408) 22,197 5,789 Transfer between funds 15 3,461 NET MOVEMENT IN FUNDS 9,250 RECONCILIATION OF FUNDS: TOTAL FUNDS AT 1 JANUARY 2021 262,110 TOTAL FUNDS AT 31 DECEMBER 2021 271,360 £ Net (expenditure)/income before gains and losses on investments Net gains on investments Net income |
Restricted Funds 2021 £ 60,156 - - 60,156 60,581 60,581 (425) - (425) (3,461) (3,886) 55,474 51,588 **£ ** |
Total Funds 2021 £ 205,306 95,735 4,318 |
Total Funds 2020 £ 207,583 89,287 3,739 |
|---|---|---|---|
| 305,359 | 300,609 | ||
| 322,192 | 300,292 | ||
| 322,192 | 300,292 | ||
| (16,833) 22,197 |
317 14,748 |
||
| 5,364 - |
15,065 - |
||
| 5,364 317,584 |
15,065 302,519 |
||
| 322,948 **£ ** |
317,584 _£ _ |
7
ST. JOHN THE DIVINE, KENNINGTON (SJDK)
BALANCE SHEET As at 31 December 2021
| Notes Charity 2021 £ FIXED ASSETS Tangible assets 11 #REF! Investments 12 #REF! #REF! CURRENT ASSETS Debtors 13 18,000 Cash at bank and in hand 26,780 44,780 CREDITORS: amounts falling due within one year 14 (4,788) NET CURRENT ASSETS 39,992 TOTAL ASSETS LESS CURRENT LIABILITIES #REF! TOTAL NET ASSETS #REF! #REF! FUNDS Unrestricted funds: General fund 15 271,360 271,360 Restricted funds 15 51,588 322,948 **£ ** |
Group Charity 2021 2020 £ £ 76,300 - 206,656 #REF! 282,956 #REF! 18,000 #REF! 26,780 - 44,780 #REF! (4,788) #REF! 39,992 #REF! 322,948 #REF! 322,948 £ #REF! 271,360 262,110 271,360 262,110 51,588 55,474 322,948 £ 317,584 _£ _ |
Group 2020 £ 80,000 172,458 |
|---|---|---|
| 252,458 | ||
| 20,350 51,535 |
||
| 71,885 (6,759) |
||
| 65,126 | ||
| 317,584 | ||
| 317,584 _£ _ |
||
| 262,110 | ||
| 262,110 55,474 |
||
| 317,584 _£ _ |
The financial statements have been prepared in accordance with the Financial Reporting Standard 102.
The financial statements were approved, and authorised for issue, by the Board of Trustees on 24 October 2022 and signed on their behalf by:-
JEREMY MARTIN, Trustee
The annexed notes form part of these financial statements
8
ST. JOHN THE DIVINE, KENNINGTON (SJDK)
NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2021
1. ACCOUNTING POLICIES
Basis of preparation of financial statements
The financial statements of the charity, which is a public benefit entity under FRS102, have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets. They have been prepared in accordance with applicable United Kingdom accounting standards, the requirements of the Statement of Recommended Practice 'Accounting and Reporting by Charities' (SORP), in accordance with the Financial Reporting Standard applicable in the UK (FRS 102) and the Charities Act 2011. The presentational currency of the financial statements is Pound Sterling (£).
The Trustees consider that there are no material uncertainties about the Trust’s ability to continue as a going concern.
Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objects of the Charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors which have been raised by the Charity for particular purposes. The cost of administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Statutory grants which are given as contributions towards the Charity's core services are treated as unrestricted.
Incoming resources
Revenue grants are credited to incoming resources on the earlier date of when they are received or when they are receivable, unless they relate to a specific future period, in which case they are deferred. All other incoming resources are included in the Statement of Financial Activities (SOFA) when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Investment Income is recognised on an accruals basis.
Other income is included in the Statement of Financial Activities when the Charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Resources Expended
All expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Support costs, including governance costs, which cannot be directly attributed to particular activities, have been apportioned proportionately to the direct staff costs allocated to the activities. Governance costs include the costs of servicing Trustees' meetings, audit and strategic planning.
Investments
Investments are stated at market value at the balance sheet date. The statement of financial activities includes the net gains and losses arising on revaluations and disposals throughout the year.
All gains and losses are taken to the statement of financial activities as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and opening market value (purchase date if later). Unrealised gains and losses are calculated as the difference between the market value at the year end and opening market value (or purchase date if later).
9
ST. JOHN THE DIVINE, KENNINGTON (SJDK)
NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2021
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
- Land and buildings 50 years - Fixture and fittings 20 years
Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Financial Instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
Judgements and key sources of estimation uncertainty
Judgements and key sources of estimation uncertainty are detailed in the above accounting policies, where applicable.
| 2. DONATIONS AND LEGACIES Grants and donations Other voluntary income Comparative donations and legacies Grants and donations Other voluntary income |
Unrestricted Funds 2021 £ 110,512 34,638 145,150 £ Unrestricted Funds 2020 £ 119,774 34,638 154,412 _£ _ |
Restricted Funds 2021 £ 60,156 - 60,156 £ Restricted Funds 2020 £ 75,507 - 75,507 _£ _ |
Total Funds 2021 £ 170,668 34,638 205,306 **£ ** |
Total Funds 2020 £ 195,281 12,302 |
|---|---|---|---|---|
| 207,583 _£ _ |
||||
| Total Funds 2020 £ 195,281 12,302 |
||||
| 207,583 _£ _ |
10
ST. JOHN THE DIVINE, KENNINGTON (SJDK)
NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2021
2. DONATIONS AND LEGACIES (continued)
Analysis of the restricted grants and donations
| Mission giving Clergy housing and ministry Children's choir Organ studentship Special projects SGC Chapel |
Restricted Funds 2021 £ 1,766 43,370 9,720 3,000 - 2,300 60,156 **£ ** |
Restricted Funds 2020 £ 2,670 41,972 10,240 6,000 3,695 10,930 |
|---|---|---|
| 75,507 _£ _ |
3. INCOME FROM OTHER TRADING ACTIVITIES
| Unrestricted Restricted Funds Funds 2021 2021 £ £ Rental income 95,735 - 95,735 £ Nil £ |
Unrestricted and Total Funds 2021 £ 95,735 95,735 **£ ** |
Unrestricted and Total Funds 2020 £ 89,287 |
|---|---|---|
| 89,287 _£ _ |
4. INVESTMENT INCOME
| Unrestricted Restricted Funds Funds 2021 2021 £ £ Interest and dividends 4,318 - 4,318 £ Nil £ |
Unrestricted and Total Funds 2021 £ 4,318 4,318 **£ ** |
Unrestricted and Total Funds 2020 £ 3,739 |
|---|---|---|
| 3,739 _£ _ |
11
ST. JOHN THE DIVINE, KENNINGTON (SJDK)
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 December 2021
5. RESOURCES EXPENDED
| Staff costs Direct Costs £ £ Cost of charitable activities 2021 32,784 £ 243,221 £ 2020 21,789 £ 234,951 £ Resources expended include: Independent Examiner's fee Depreciation - on owned assets 6. DIRECT COSTS Parish support fund Projects, Mission and Ministry Property costs and repairs Ministry, clergy housing and special projects Mission giving St. Gabriel Chapel Organ Studentship Children's Choirs Music 7. SUPPORT COSTS Professional Consultancy General overheads Light, heat, water Insurance premiums Depreciation Independent Examiner's fee Details of direct costs and support costs are given in notes 6 and 7. |
Support Costs £ 46,187 £ 43,552 £ 2021 2,120 3,700 2021 £ 79,000 12,998 80,584 35,957 297 908 7,425 15,994 10,058 243,221 £ Total 2021 £ 1,968 8,020 15,272 15,107 3,700 2,120 46,187 **£ ** |
Total 2021 £ 322,192 **£ ** |
|---|---|---|
| 300,292 _£ _ |
||
| 2020 - - 2020 £ 79,000 7,720 55,421 31,875 7,248 18,945 3,489 4,415 26,838 |
||
| 234,951 £ |
||
| Total 2020 £ 1,000 10,367 16,718 15,467 - - |
||
| 43,552 _£ _ |
12
ST. JOHN THE DIVINE, KENNINGTON (SJDK)
NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2021
8. STAFF NUMBERS AND COSTS
| STAFF NUMBERS AND COSTS | ||
|---|---|---|
| Wages and salaries Social security costs |
2021 £ 32,007 777 32,784 **£ ** |
2020 £ 21,479 310 |
| 21,789 _£ _ |
No employee received remuneration of more than £60,000.
The key management personnel of the Charity are those persons having authority and responsibility for planning, directing and controlling the activities of the Charity, directly or indirectly, including any Trustee of the Charity. In addition to the Trustees, key management personnel includes the Principal Officers. Aggregate remuneration and benefits paid to key management personnel during the year amounted to £nil (2020 - £nil).
9. TRUSTEES REMUNERATION AND BENEFITS
During the year, no members of the Board of Trustees received any remuneration (2020 - £nil). Members of the Board of Trustees received reimbursement of travel and IT expenses amounting to £nil (2020 - £nil).
10. Taxation
St. John the Divine, Kennington (SJDK) is a registered charity and is potentially exempt from taxation in respect of income and capital gains received within the categories covered by Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that such income or gains are applied to charitable purposes.
11. TANGIBLE FIXED ASSETS
| Cost At 1 January 2021 and 31 December 2021 Depreciation Charge for the year Net book value At 31 December 2021 At 31 December 2020 |
Land and buildings £ 10,000 200 9,800 £ 10,000 _£ _ |
Fixture and fittings £ 70,000 3,500 66,500 £ 70,000 _£ _ |
Total £ 80,000 |
|---|---|---|---|
| 3,700 | |||
| 76,300 **£ ** |
|||
| 80,000 _£ _ |
13
ST. JOHN THE DIVINE, KENNINGTON (SJDK)
NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2021
12. INVESTMENTS
| INVESTMENTS | ||
|---|---|---|
| Market value At 1 January 2021 Additions at costs Sales proceeds from disposals Gains on market value At 31 December 2021 |
2021 £ 172,458 12,000 - 22,198 206,656 **£ ** |
2020 £ 145,711 12,000 - 14,747 |
| 172,458 _£ _ |
| 13. DEBTORS Charity Group 2021 Due within one year £ Prepayments - - Other debtors 18,000 18,000 £ 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Charity Group 2021 £ Social security and other taxes 1,522 Accruals 3,266 4,788 **£ ** |
Charity 2021 £ - 18,000 18,000 £ Charity 2021 £ 1,522 3,266 4,788 **£ ** |
Group 2020 £ 2,350 18,000 |
|---|---|---|
| 20,350 _£ _ |
||
| Group 2020 £ - 6,759 |
||
| 6,759 _£ _ |
14
ST. JOHN THE DIVINE, KENNINGTON (SJDK)
NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2021
15. STATEMENT OF FUNDS
| STATEMENT OF FUNDS | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Transfers and | ||||||||||
| Brought | Incoming | Resources | investment | Carried | ||||||
| Forward | Resources | Expended | gains/(losses) | Forward | ||||||
| £ | £ | £ | £ | £ | ||||||
| RESTRICTED FUNDS | ||||||||||
| Organ Studentships | 26,282 | 3,000 | (7,425) | - | 21,857 | |||||
| Organ Fund | 2,080 | - | - | (2,080) | - | |||||
| Other restricted funds | 4,193 | - | - | - | 4,193 | |||||
| Clergy Housing/Ministry | 3,416 | 43,370 | (35,957) | - | 10,829 | |||||
| SSM Grant for Pastoral | ||||||||||
| assist | 11,800 | - | - | - | 11,800 | |||||
| Childrens Choirs | 7,703 | 9,720 | (15,994) | - | 1,429 | |||||
| St Grbriels Sanctuary | - | 2,300 | (908) | (1,392) | - | |||||
| Mission Giving | - | 1,766 | (297) | 11 | 1,480 | |||||
| **£ ** | 55,474 | **£ ** | 60,156 |
£ | (60,581) |
£ | (3,461) |
**£ ** | 51,588 | |
| 2021 SUMMARY OF FUNDS | ||||||||||
| General Funds | 262,110 | 245,203 | (261,611) | 25,658 | 271,360 | |||||
| Restricted Funds | 55,474 | 60,156 | (60,581) | (3,461) | 51,588 | |||||
| **£ ** | 317,584 | **£ ** | 305,359 |
£ | (322,192) |
**£ ** | 22,197 |
**£ ** | 322,948 | |
| Comparative statement of funds |
| Transfers and | Transfers and | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Brought | Incoming | Resources | investment | Carried | ||||||
| Forward | Resources | _Expended _ | gains/(losses) | Forward | ||||||
| £ | £ | £ | £ | £ | ||||||
| RESTRICTED FUNDS | ||||||||||
| Organ Studentships | 23,771 | 6,000 | (3,489) | - | 26,282 | |||||
| Organ Fund | 2,080 | - | - | - | 2,080 | |||||
| Other restricted funds | 2,009 | 3,695 | (5,119) | 3,608 | 4,193 | |||||
| Clergy Housing/Ministry | - | 25,112 | (21,696) | - | 3,416 | |||||
| SSM Grant for Pastoral | ||||||||||
| assist | - | 16,860 | (5,060) | - | 11,800 | |||||
| Childrens Choirs | 1,878 | 10,240 | (4,415) | - | 7,703 | |||||
| St Grbriels Sanctuary | 7,030 | 10,930 | (18,945) | 985 | - | |||||
| Mission Giving | - | 2,670 | (7,248) | 4,578 | - | |||||
| _£ _ | 36,768 | _£ _ | 75,507 |
£ | (65,972) |
_£ _ | 9,171 |
_£ _ | 55,474 | |
| 2020 SUMMARY OF FUNDS | ||||||||||
| General Funds | 265,751 | 225,102 | (234,320) | 5,577 | 262,110 | |||||
| Restricted Funds | 36,768 | 75,507 | (65,972) | 9,171 | 55,474 | |||||
| _£ _ | 302,519 | _£ _ | 300,609 |
£ | (300,292) |
_£ _ | 14,748 |
_£ _ | 317,584 |
15
ST. JOHN THE DIVINE, KENNINGTON (SJDK)
NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2021
16. ANALYSIS OF NET ASSETS BETWEEN FUNDS
| Unrestricted Funds 2021 £ Tangible fixed assets 76,300 Fixed asset investments 155,068 Net current assets 39,992 271,360 £ Comparative analysis of net assets between funds Unrestricted Funds 2021 £ Tangible fixed assets 80,000 Fixed asset investments 116,984 Net current assets 65,126 262,110 _£ _ |
Restricted Funds 2021 £ - 51,588 - 51,588 £ Restricted Funds 2021 £ - 55,474 - 55,474 _£ _ |
Total Funds 2021 £ 76,300 206,656 39,992 322,948 **£ ** |
Total Funds 2020 £ 80,000 172,458 65,126 |
|---|---|---|---|
| 317,584 _£ _ |
|||
| Total Funds 2020 £ 80,000 172,458 65,126 |
|||
| 317,584 _£ _ |
17. RELATED PARTIES
There are no related party transactions during the course of the current year.
16
ST. JOHN THE DIVINE, KENNINGTON (SJDK)
NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2020
| 17 COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted d Total Unrestricted Funds s Funds Funds 2021 1 2021 2020 £ £ £ £ INCOME AND ENDOWMENTS FROM: Donations and legacies 205,306 132,076 Other trading activities 95,735 89,287 Investments 4,318 3,739 TOTAL 305,359 225,102 EXPENDITURE ON: Charitable activities #REF! 234,320 TOTAL EXPENDITURE #REF! 234,320 #REF! (9,218) #REF! 14,748 #REF! 5,530 Transfer between funds 22,197 (9,171) NET MOVEMENT IN FUNDS #REF! (3,641) TOTAL FUNDS AT 31 DECEMBER 2019 317,584 265,751 TOTAL FUNDS AT 31 DECEMBER 2020 #REF! 262,110 £ Net income before gains and losses on investments Net gains on investments Net income 18 |
Restricted Funds 2020 £ 75,507 - - |
Total Funds 2020 £ 207,583 89,287 3,739 |
|---|---|---|
| 75,507 | 300,609 | |
| 65,972 | 300,292 | |
| 65,972 | 300,292 | |
| 9,535 - |
317 14,748 |
|
| 9,535 9,171 |
15,065 - |
|
| 18,706 36,768 |
15,065 302,519 |
|
| 55,474 _£ _ |
317,584 _£ _ |
17