## **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 2022**
Report and Accounts
## **ST. JOHN THE DIVINE, KENNINGTON (SJDK)**
**REPORT AND FINANCIAL STATEMENTS For the year ended 31 December 2022**
## **CONTENTS**
||Page|
|---|---|
|**Legal and administrative information**|1|
|**Board of Trustees' report**|2|
|**Independent Examiner's Report**|5|
|**Statement Of Financial Activities**|6|
|**Balance Sheet**|7|
|**Notes to the financial statements**|8|
**ST. JOHN THE DIVINE, KENNINGTON (SJDK)**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS For the year ended 31 December 2022**
**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.** 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)**
## **NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2022**
The Council present their annual report for the year ended 2022 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 2022 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 subcommittees. 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.
## **Achievements and performance**
In 2022 the PCC built on the post-covid renewal. 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 have flourished, 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 continued. Parish groups have continued, working with
2
**ST. JOHN THE DIVINE, KENNINGTON (SJDK)**
## **NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2022**
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. The parish also continued a mission to Latin American community, producing bilingual mass booklets in Spanish and Portuguese for the English mass, hosting Latin American events, including a social knitting group in the church hall. Monthly Spanish and Portuguese masses commenced in 2022 attracting a sustainable level of adherents. The parish continued in its mission of hospitality hosting several community events 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 decreased by £1,635 in 2022 (increased by £5,634 in 2021), to £321,313, down from £322,948 in 2021. This is after taking account for a decrease in the value of investments by £28,005 in the year. Work will be needed in future years to raise the parish’s income, so that its activities are financially sustainable.
Total income was £373,804 in 2022 against £305,359 in 2021. Expenditure increased to £347,434 in 2022, against £322,192 in 2021. No employee changes were made during the year. Expenditure on property maintenance in 2022 decreased by £28,229 relative to 2021 due to some major repairs in 2021. There was no expenditure on the Community Centre development project in 2021. No legacy income was received. No investments were purchased in 2022, and £21,371 investments were sold.
## **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.
## **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;
3
**ST. JOHN THE DIVINE, KENNINGTON (SJDK)**
## **NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2022**
- 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.
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.
01/09/2023 Approved by the Board of Trustees on _________________. and signed on their behalf by:
…………………………………………………………………………………………..
## **Mr Jeremy Martin Trustee**
4
**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 2022**
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 2022.
## **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:
1. accounting records were not kept in respect of the Trust as required by section 130 of the 2011 Act; or
2. the accounts do not accord with those records; or
3. 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.
4. 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
_________________
5
**ST. JOHN THE DIVINE, KENNINGTON (SJDK)**
## **STATEMENT OF FINANCIAL ACTIVITIES (incorporating the Income and Expenditure Account) For the year ended 31 December 2022**
|**Unrestricted**
**Funds**
**Note**
**2022**
**£**
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
2
**149,603**
Other trading activities
3
**112,844**
Investments
4
**5,000**
**TOTAL**
**267,447**
**EXPENDITURE ON:**
Charitable activities
**276,602**
**TOTAL EXPENDITURE**
5
**276,602**
**(9,155)**
**(28,005)**
**(37,160)**
Transfer between funds
15
**-**
**NET MOVEMENT IN FUNDS**
**(37,160)**
**RECONCILIATION OF FUNDS:**
TOTAL FUNDS AT 1 JANUARY 2022
_271,360_
**TOTAL FUNDS AT 31 DECEMBER 2022**
**234,200**
**£ **
Net income/(expenditure) before gains
and losses on investments
Net (losses)/gains on investments
Net (expenditure)/income|**Restricted**
**Funds**
**2022**
**£**
**106,357**
**-**
**-**
**106,357**
**70,832**
**70,832**
**35,525**
**-**
**35,525**
**-**
**35,525**
_51,588_
**87,113**
**£ **|**Total**
**Funds**
**2022**
**£**
**255,960**
**112,844**
**5,000**|_Total_
_Funds_
_2021_
_£_
_205,306_
_95,735_
_4,318_|
|---|---|---|---|
|||**373,804**|_305,359_|
|||**347,434**|_322,192_|
|||**347,434**|_322,192_|
|||**26,370**
**(28,005)**|_(16,833)_
_22,197_|
|||**(1,635)**
**-**|_5,364_
_-_|
|||**(1,635)**
_322,948_|_5,364_
_317,584_|
|||**321,313**
**£ **|_322,948_
_£ _|
6
## **ST. JOHN THE DIVINE, KENNINGTON (SJDK)**
## **BALANCE SHEET As at 31 December 2022**
|**Notes**
**Charity**
**2022**
**£**
**FIXED ASSETS**
Tangible assets
11
**#REF!**
Investments
12
**#REF!**
**#REF!**
**CURRENT ASSETS**
Debtors
13
**18,000**
Cash at bank and in hand
**66,095**
**84,095**
**CREDITORS: amounts falling due**
**within one year**
14
**(7,074)**
**NET CURRENT ASSETS**
**77,021**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**#REF!**
**TOTAL NET ASSETS**
**#REF!**
**#REF!**
**FUNDS**
Unrestricted funds:
General fund
15
**234,200**
**234,200**
Restricted funds
15
**87,113**
**321,313**
**£ **|**Group**
_Charity_
**2022**
_2021_
**£**
_£_
**72,600**
_-_
**171,692**
_#REF!_
**244,292**
_#REF!_
**18,000**
_#REF!_
**66,095**
_-_
**84,095**
_#REF!_
**(7,074)**
_#REF!_
**77,021**
_#REF!_
**321,313**
_#REF!_
**321,313**
**£ **
_#REF!_
**234,200**
_271,360_
**234,200**
_271,360_
**87,113**
_51,588_
**321,313**
**£ **
_322,948_
_£ _|_Group_
_2021_
_£_
_76,300_
_221,068_|
|---|---|---|
|||_297,368_|
|||_18,000_
_12,368_|
|||_30,368_
_(4,788)_|
|||_25,580_|
|||_322,948_|
|||_322,948_
_£ _|
|||_271,360_|
|||_271,360_
_51,588_|
|||_322,948_
_£ _|
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 _________________ and signed on their behalf by:-
JEREMY MARTIN, Trustee
The annexed notes form part of these financial statements
7
**ST. JOHN THE DIVINE, KENNINGTON (SJDK)**
**NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2022**
## **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).
8
**ST. JOHN THE DIVINE, KENNINGTON (SJDK)**
**NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2022**
## _**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**
**2022**
**£**
**140,389**
**9,214**
**149,603**
**£ **
_Unrestricted_
_Funds_
_2021_
_£_
_110,512_
_9,214_
_119,726_
_£ _|**Restricted**
**Funds**
**2022**
**£**
**106,357**
**-**
**106,357**
**£ **
_Restricted_
_Funds_
_2021_
_£_
_60,156_
_-_
_60,156_
_£ _|**Total**
**Funds**
**2022**
**£**
**246,746**
**9,214**
**255,960**
**£ **|_Total_
_Funds_
_2021_
_£_
_170,668_
_34,638_|
|---|---|---|---|---|
|||||_205,306_
_£ _|
|||||_Total_
_Funds_
_2021_
_£_
_170,668_
_34,638_|
|||||_205,306_
_£ _|
9
**ST. JOHN THE DIVINE, KENNINGTON (SJDK)**
## **NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2022**
## **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**
**2022**
**£**
**1,660**
**91,298**
**7,709**
**3,000**
**2,690**
**-**
**106,357**
**£ **|_Restricted_
_Funds_
_2021_
_£_
_1,766_
_43,370_
_9,720_
_3,000_
_-_
_2,300_|
|---|---|---|
|||_60,156_
_£ _|
## **3. INCOME FROM OTHER TRADING ACTIVITIES**
|**Unrestricted**
**Restricted**
**Funds**
**Funds**
**2022**
**2022**
**£**
**£**
Rental income
**112,844**
**-**
**112,844**
**£ **
**Nil**
**£**|**Unrestricted**
**and Total**
**Funds**
**2022**
**£**
**112,844**
**112,844**
**£ **|_Unrestricted_
_and Total_
_Funds_
_2021_
_£_
_95,735_|
|---|---|---|
|||_95,735_
_£ _|
## **4. INVESTMENT INCOME**
|**Unrestricted**
**Restricted**
**Funds**
**Funds**
**2022**
**2022**
**£**
**£**
Interest and dividends
**5,000**
**-**
**5,000**
**£ **
**Nil**
**£**|**Unrestricted**
**and Total**
**Funds**
**2022**
**£**
**5,000**
**5,000**
**£ **|_Unrestricted_
_and Total_
_Funds_
_2021_
_£_
_4,318_|
|---|---|---|
|||_4,318_
_£ _|
10
**ST. JOHN THE DIVINE, KENNINGTON (SJDK)**
## **NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2022**
## **5. RESOURCES EXPENDED**
|**Staff costs**
**Direct Costs**
**£**
**£**
Cost of charitable activities
2022
**34,042**
**£ **
**244,239**
**£ **
2021
_32,784_
_£ _
_243,221_
_£ _
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**
**£**
**69,153**
**£ **
_46,187_
_£ _
**2022**
**1,800**
**3,700**
**2022**
**£**
**82,000**
**22,263**
**52,355**
**51,469**
**345**
**-**
**850**
**18,168**
**16,789**
**244,239**
**£ **
**Total**
**2022**
**£**
**1,560**
**15,780**
**29,197**
**17,116**
**3,700**
**1,800**
**69,153**
**£ **|**Total 2022**
**£**
**347,434**
**£ **|
|---|---|---|
|||_322,192_
_£ _|
|||_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_
_£ _|
11
**ST. JOHN THE DIVINE, KENNINGTON (SJDK)**
## **NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2022**
## **8. STAFF NUMBERS AND COSTS**
|**STAFF NUMBERS AND COSTS**|||
|---|---|---|
|Wages and salaries
Social security costs|**2022**
**£**
**34,042**
**-**
**34,042**
**£ **|_2021_
_£_
_32,007_
_777_|
|||_32,784_
_£ _|
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 (2021 - £nil).
## **9. TRUSTEES REMUNERATION AND BENEFITS**
During the year, no members of the Board of Trustees received any remuneration (2021 - £nil). Members of the Board of Trustees received reimbursement of travel and IT expenses amounting to £nil (2021 - £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 2022 and 31 December 2022
**Depreciation**
At 1 January 2022
Charge for the year
At 31 December 2022
**Net book value**
**At 31 December 2022**
At 31 December 2021|**Land and**
**buildings**
**£**
**80,000**
**200**
**200**
**400**
**79,600**
**£ **
_79,800_
_£ _|**Fixture and**
**fittings**
**£**
**-**
**3,500**
**3,500**
**7,000**
**(7,000)**
**£**
_(3,500)_
_£_|**Total**
**£**
**80,000**|
|---|---|---|---|
||||**3,700**
**3,700**|
||||**7,400**|
||||**72,600**
**£ **|
||||_76,300_
_£ _|
12
**ST. JOHN THE DIVINE, KENNINGTON (SJDK)**
## **NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2022**
## **12. INVESTMENTS**
|Market value
At 1 January 2022
Additions at costs
Sales proceeds from disposals
(Losses)/gains on market value
At 31 December 2022
**Investments at the year end**
CBF Deposit
CBF Organ Scholarship
Martin Currie
RBS Shares
GSK
CBF Randall Bequest
JPM
**13. DEBTORS**
**Charity**
**Group**
**2022**
**Due within one year**
**£**
Other debtors
**18,000**
**18,000**
**£ **
**14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
**Charity**
**Group**
**2022**
**£**
Social security and other taxes
**448**
Accruals
**6,480**
**7,074**
**£ **|**2022**
**£**
**221,068**
**-**
**(21,371)**
**(28,005)**
**171,692**
**£ **
14,602
15,193
-
708
4,313
136,876
-
**171,692**
**£ **
_Charity_
**2022**
**£**
**18,000**
**18,000**
**£ **
_Charity_
**2022**
**£**
**448**
**6,480**
**7,074**
**£ **|_2021_
_£_
_145,711_
_12,000_
_-_
_63,357_|
|---|---|---|
|||_221,068_
_£ _|
|||14,412
17,220
13,539
603
4,820
152,888
17,586|
|||_221,068_
_£ _|
|||_Group_
_2021_
_£_
_18,000_|
|||_18,000_
_£ _|
|||_Group_
_2021_
_£_
_1,522_
_3,120_|
|||_4,788_
_£ _|
13
**ST. JOHN THE DIVINE, KENNINGTON (SJDK)**
## **NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2022**
## **15. STATEMENT OF FUNDS**
|**Brought**
**Forward**
**£**
**RESTRICTED FUNDS**
Organ Studentships
**21,857**
Other restricted funds
**5,673**
Clergy Housing/Ministry
**22,629**
Childrens Choirs
**1,429**
**51,588**
**£ **
**2022 SUMMARY OF FUNDS**
General Funds
**271,360**
Restricted Funds
**51,588**
**322,948**
**£ **
**_Comparative statement of funds_**
_Brought_
_Forward_
_£_
_RESTRICTED FUNDS_
_Organ Studentships_
_26,282_
_Organ Fund_
_2,080_
_Other restricted funds_
_15,993_
_Clergy Housing/Ministry_
_3,416_
_Childrens Choirs_
_7,703_
_St Grbriels Sanctuary_
_-_
_55,474_
_£ _
_2021 SUMMARY OF FUNDS_
_General Funds_
_262,110_
_Restricted Funds_
_55,474_
_317,584_
_£ _|**Incoming**
**Resources**
**£**
**3,000**
**4,350**
**91,298**
**7,709**
**106,357**
**£ **
**267,447**
**106,357**
**373,804**
**£ **
_Incoming_
_Resources_
_£_
_3,000_
_-_
_1,766_
_43,370_
_9,720_
_2,300_
_60,156_
_£ _
_245,203_
_60,156_
_305,359_
_£ _|**Transfers and**
**Resources**
**investment**
**Expended gains/(losses)**
**£**
**£**
**(850)**
**-**
**(345)**
**-**
**(51,469)**
**-**
**(18,168)**
**-**
**(70,832)**
**£**
**Nil**
**£**
**(276,602)**
**(28,005)**
**(70,832)**
**-**
**(347,434)**
**£**
**(28,005)**
**£**
_Transfers and_
_Resources_
_investment_
_Expended gains/(losses)_
_£_
_£_
_(7,425)_
_-_
_-_
_(2,080)_
_(297)_
_11_
_(35,957)_
_-_
_(15,994)_
_-_
_(908)_
_(1,392)_
_(60,581)_
_£_
_(3,461)_
_£_
_(261,611)_
_25,658_
_(60,581)_
_(3,461)_
_(322,192)_
_£_
_22,197_
_£ _|**Carried**
**Forward**
**£**
**24,007**
**9,678**
**62,458**
**(9,030)**|
|---|---|---|---|
||||**87,113**
**£ **|
||||**234,200**
**87,113**|
||||**321,313**
**£ **|
||||_Carried_
_Forward_
_£_
_21,857_
_-_
_5,673_
_22,629_
_1,429_
_-_|
||||_51,588_
_£ _|
||||_271,360_
_51,588_|
||||_322,948_
_£ _|
14
**ST. JOHN THE DIVINE, KENNINGTON (SJDK)**
## **NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2022**
## **16. ANALYSIS OF NET ASSETS BETWEEN FUNDS**
|**Unrestricted**
**Funds**
**2022**
**£**
Tangible fixed assets
**72,600**
Fixed asset investments
**84,579**
Net current assets
**77,021**
**234,200**
**£ **
**_Comparative analysis of net assets between funds_**
_Unrestricted_
_Funds_
_2022_
_£_
_Tangible fixed assets_
_76,300_
_Fixed asset investments_
_169,480_
_Net current assets_
_25,580_
_271,360_
_£ _|**Restricted**
**Funds**
**2022**
**£**
**-**
**87,113**
**-**
**87,113**
**£ **
_Restricted_
_Funds_
_2022_
_£_
_-_
_51,588_
_-_
_51,588_
_£ _|**Total**
**Funds**
**2022**
**£**
**_72,600_**
**_171,692_**
**_77,021_**
**321,313**
**£ **|_Total_
_Funds_
_2021_
_£_
_76,300_
_221,068_
_25,580_|
|---|---|---|---|
||||_322,948_
_£ _|
||||_Total_
_Funds_
_2021_
_£_
_76,300_
_221,068_
_25,580_|
||||_322,948_
_£ _|
## **17. RELATED PARTIES**
There are no related party transactions during the course of the current year.
15
**ST. JOHN THE DIVINE, KENNINGTON (SJDK)**
## **NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2021**
|**18 COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES**
**Unrestricted d**
**Total**
_Unrestricted_
**Funds s**
**Funds**
_Funds_
**2022 2**
**2022**
_2021_
**£ £**
**£**
_£_
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
**255,960**
_145,150_
Other trading activities
**112,844**
_95,735_
Investments
**5,000**
_4,318_
**TOTAL**
**373,804**
_245,203_
**EXPENDITURE ON:**
Charitable activities
**#REF!**
_261,611_
**#REF!**
_(16,408)_
**#REF!**
_22,197_
**#REF!**
_5,789_
Transfer between funds
**(28,005)**
_3,461_
**#REF!**
_9,250_
**NET MOVEMENT IN FUNDS**
**#REF!**
_9,250_
TOTAL FUNDS AT 31 DECEMBER 2020
_322,948_
_262,110_
**TOTAL FUNDS AT 31 DECEMBER 2021**
**#REF!**
_271,360_
_£ _
Net expenditure before gains and
losses on investments
Net gains on investments
Net income
Net incoming resources before other
recognised gains and losses|_Restricted_
_Funds_
_2021_
_£_
_60,156_
_-_
_-_|_Total_
_Funds_
_2021_
_£_
_205,306_
_95,735_
_4,318_|
|---|---|---|
||_60,156_|_305,359_|
||_60,581_|_322,192_|
||_(425)_
_-_|_(16,833)_
_22,197_|
||_(425)_
_(3,461)_|_5,364_
_-_|
||_(3,886)_|_5,364_|
||_(3,886)_
_55,474_|_5,364_
_317,584_|
||_51,588_
_£ _|_322,948_
_£ _|
16