## **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 2023**
Report and Accounts
## **ST. JOHN THE DIVINE, KENNINGTON (SJDK)**
**REPORT AND FINANCIAL STATEMENTS For the year ended 31 December 2023**
## **CONTENTS**
||Page|
|---|---|
|**Legal and administrative information**|1|
|**Board of Trustees' report**|3|
|**Independent Examiner's Report**|7|
|**Statement Of Financial Activities**|8|
|**Balance Sheet**|9|
|**Notes to the financial statements**|10|
**ST. JOHN THE DIVINE, KENNINGTON (SJDK)**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS For the year ended 31 December 2023**
|**Chair**|Canon Mark Williams|
|---|---|
|**Trustees ***|Angel Faith Locken|
||Anna Caldwell (Appointed)|
||Barbara Maragh (Appointed)|
||Bernice Kudjo (Resigned)|
||Charline Aspasia Marie Taylor (Resigned)|
||Diana Elizabeth Rollanson-Williams (Resigned)|
||Dr Charles Bell|
||Dr Emmanuel Omololu Adesioye|
||Dr Harrison Carter (Appointed)|
||Elaine Annette Reid-Hamilton|
||Federica Paoli (Appointed)|
||Irene Mosunmola Tewogbade (Resigned)|
||Jeremy Martin|
||Jonathan Tudor (Appointed)|
||Kelechi Ezeogu (Appointed)|
||Kumba Kanja Ngegba|
||Linda Akua Kesse|
||Lucy Harriet Rybin (Resigned)|
||Lynda Yvonne Phillips|
||Margaret Eugenie Grocia|
||Mark Vincent Dickinson|
||Matthew Douglas Gibbs (Resigned)|
||Neil Geoffrey Hall (Resigned)|
||Nicholas Hodgson|
||Olatunde Akanbi Opadeji (Resigned)|
||Rebecca Chapman (Appointed)|
||Rev Annie Wanjohi (Appointed)|
||Rev Nicholas James Quanrud (Resigned)|
||Rev Sebastian David Tudor Harries (Resigned)|
||Rev Stuart Labran (Resigned)|
||Royston Tony Harold Greywoode (Resigned)|
||Samson Joshua Ogunbanjo|
||Venessa Denny|
||Wail Qasim (Resigned)|
## **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
1
**ST. JOHN THE DIVINE, KENNINGTON (SJDK)**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS For the year ended 31 December 2023**
|**Charity reg. no.**|1164999|
|---|---|
|**Registered office**|92 Vassall Road|
||London|
||SW9 6JA|
|**Independent Examiner**|Knox Cropper LLP|
||65 Leadenhall Street|
||London|
||EC3A 2AD|
2
**ST. JOHN THE DIVINE, KENNINGTON (SJDK)**
## **NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2023**
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 (Three); 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 (One); Members of General Synod on the Electoral Roll of the Parish (One).
Elected members
Thirteen 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 2023 was Mr Mark Dickinson and the Secretary, Dr Harrison Carter. The Incumbent is the Chairman of the Council, and the Council appointed Ms Venessa Denny, Churchwarden, as ViceChairman 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.
3
**ST. JOHN THE DIVINE, KENNINGTON (SJDK)**
## **NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2023**
## **Achievements and performance**
In 2023 the parish continued the work of rebuilding after the pandemic.
The parish 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. They also took part in a joint service with Pegasus Opera, to celebrate Windrush Sunday. The annual Cambridge summer residential for the children’s choirs continued, and the Consort Choir took part in a residential, the finale of which was a concert at Ely Cathedral.
Parish groups have continued, working with people of all ages – including teenagers’ and young adults groups, a walking group, a poetry group, and a Lent course discussing issues around racial justice. 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 to develop its mission to the 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 masses have continued, 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 £26,130 in 2023 (decreased by £1,635 in 2022), to £295,183, down from £321,313 in 2022. This is after taking account of a valuation gain on investments of £11,523 in the year. Total income was £321,079 in 2023, against £373,804 in 2022. Total expenditure increased to £358,732 in 2023, against £347,434 in 2022.
The increased deficit follows a reduction in regular donations since the pandemic and the subsequent cost-of-living crisis. In 2022 this had been masked by some one-off donations and grants, but is more apparent in the 2023 figures. There has also been an increase in overheads due to inflation, particularly in energy costs. We have also increased the resources devoted to our music outreach programme to support its re-expansion following the pandemic. Work will be needed in future years to raise the parish’s income, so that its activities are more financially sustainable.
We appointed a part-time Music Department Coordinator in 2023, funded for three years by a generous restricted donation. Expenditure on property maintenance in 2023 decreased by £8,020 relative to 2022.
The parish made a £30,000 payment to St John’s College Cambridge to secure the future transfer of its chapel organ to the parish. An additional £6,000 will be due after the transfer. This is a highly concessional amount relative to the likely market re-sale value of the instrument or the cost of building an equivalent instrument new (which would be around £2 million). This has been capitalised as an asset.
4
**ST. JOHN THE DIVINE, KENNINGTON (SJDK)**
## **NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2023**
## **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**
We are planning a major heritage and music outreach project, to celebrate the 150[th] Anniversary of the Parish. If we raise sufficient funds, this will include the renovation and installation of the St John’s College organ at St John the Divine Kennington; a major festival and programme of events; improvements to the accessibility and openness of the church building; permanent exhibits to celebrate our cultural heritage; and a sustainable expansion of our musical education and outreach projects.
The parish has been designated as a Resourcing Church by the Church of England, supporting St Faith’s North Dulwich and the Korean Mission in New Malden. This comes with grants to support the costs of a fulltime Director of Operations and (jointly with St Faith’s North Dulwich) a Spanish-speaking priest to support our Latin American Outreach work. Both will be appointed in 2024.
## **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.
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
5
**ST. JOHN THE DIVINE, KENNINGTON (SJDK)**
## **NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2023**
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 _________________. and signed on their behalf by:
…………………………………………………………………………………………..
**Mr Jeremy Martin Trustee**
6
**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 2023**
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 2023.
## **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
_________________
7
**ST. JOHN THE DIVINE, KENNINGTON (SJDK)**
## **STATEMENT OF FINANCIAL ACTIVITIES (incorporating the Income and Expenditure Account) For the year ended 31 December 2023**
|**Unrestricted**
**Funds**
**Note**
**2023**
**£**
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
2
**125,520**
Other trading activities
3
**117,232**
Investments
4
**4,414**
**TOTAL**
**247,166**
**EXPENDITURE ON:**
Charitable activities
**298,862**
**TOTAL EXPENDITURE**
5
**298,862**
**(51,696)**
**11,523**
**(40,173)**
Transfer between funds
15
**-**
**NET MOVEMENT IN FUNDS**
**(40,173)**
**RECONCILIATION OF FUNDS:**
TOTAL FUNDS AT 1 JANUARY 2023
_234,200_
**TOTAL FUNDS AT 31 DECEMBER 2023**
**194,027**
**£ **
Net (expenditure)/income before gains
and losses on investments
Net gains/(losses) on investments
Net expenditure|**Restricted**
**Funds**
**2023**
**£**
**73,913**
**-**
**-**
**73,913**
**59,870**
**59,870**
**14,043**
**-**
**14,043**
**-**
**14,043**
_87,113_
**101,156**
**£ **|**Total**
**Funds**
**2023**
**£**
**199,433**
**117,232**
**4,414**|_Total_
_Funds_
_2022_
_£_
_255,960_
_112,844_
_5,000_|
|---|---|---|---|
|||**321,079**|_373,804_|
|||**358,732**|_347,434_|
|||**358,732**|_347,434_|
|||**(37,653)**
**11,523**|_26,370_
_(28,005)_|
|||**(26,130)**
**-**|_(1,635)_
_-_|
|||**(26,130)**
_321,313_|_(1,635)_
_322,948_|
|||**295,183**
**£ **|_321,313_
_£ _|
8
## **ST. JOHN THE DIVINE, KENNINGTON (SJDK)**
## **BALANCE SHEET As at 31 December 2023**
|**Notes**
**Charity**
**2023**
**£**
**FIXED ASSETS**
Tangible assets
11
**#REF!**
Investments
12
**#REF!**
**#REF!**
**CURRENT ASSETS**
Debtors
13
**48,000**
Cash at bank and in hand
**46,542**
**94,542**
**CREDITORS: amounts falling due**
**within one year**
14
**(7,074)**
**NET CURRENT ASSETS**
**87,468**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**#REF!**
**TOTAL NET ASSETS**
**#REF!**
**#REF!**
**FUNDS**
Unrestricted funds:
General fund
15
**194,027**
**194,027**
Restricted funds
15
**101,156**
**295,183**
**£ **|**Group**
_Charity_
**2023**
_2022_
**£**
_£_
**68,900**
_-_
**138,815**
_#REF!_
**207,715**
_#REF!_
**48,000**
_#REF!_
**46,542**
_-_
**94,542**
_#REF!_
**(7,074)**
_#REF!_
**87,468**
_#REF!_
**295,183**
_#REF!_
**295,183**
**£ **
_#REF!_
**194,027**
_234,200_
**194,027**
_234,200_
**101,156**
_87,113_
**295,183**
**£ **
_321,313_
_£ _|_Group_
_2022_
_£_
_72,600_
_171,692_|
|---|---|---|
|||_244,292_|
|||_18,000_
_66,095_|
|||_84,095_
_(7,074)_|
|||_77,021_|
|||_321,313_|
|||_321,313_
_£ _|
|||_234,200_|
|||_234,200_
_87,113_|
|||_321,313_
_£ _|
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
9
**ST. JOHN THE DIVINE, KENNINGTON (SJDK)**
**NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2023**
## **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).
10
**ST. JOHN THE DIVINE, KENNINGTON (SJDK)**
**NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2023**
## _**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 - Piano and Organ 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|**Unrestricted**
**Funds**
**2023**
**£**
**116,426**
**9,094**
**125,520**
**£ **|**Restricted**
**Funds**
**2023**
**£**
**73,913**
**-**
**73,913**
**£ **|**Total**
**Funds**
**2023**
**£**
**190,339**
**9,094**
**199,433**
**£ **|_Total_
_Funds_
_2022_
_£_
_246,746_
_9,214_|
|---|---|---|---|---|
|||||_255,960_
_£ _|
## **Comparative donations and legacies**
|Grants and donations
Other voluntary income|_Unrestricted_
_Funds_
_2022_
_£_
_140,389_
_9,094_
_149,483_
_£ _|_Restricted_
_Funds_
_2022_
_£_
_106,357_
_-_
_106,357_
_£ _|_Total_
_Funds_
_2022_
_£_
_246,746_
_9,214_|
|---|---|---|---|
||||_255,960_
_£ _|
11
**ST. JOHN THE DIVINE, KENNINGTON (SJDK)**
## **NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2023**
## **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|**Restricted**
**Funds**
**2023**
**£**
**1,703**
**48,220**
**19,920**
**3,500**
**570**
**73,913**
**£ **|_Restricted_
_Funds_
_2022_
_£_
_1,660_
_91,298_
_7,709_
_3,000_
_2,690_|
|---|---|---|
|||_106,357_
_£ _|
## **3. INCOME FROM OTHER TRADING ACTIVITIES**
|**Unrestricted**
**Restricted**
**Funds**
**Funds**
**2023**
**2023**
**£**
**£**
Rental income
**117,232**
**-**
**117,232**
**£ **
**Nil**
**£**|**Unrestricted**
**and Total**
**Funds**
**2023**
**£**
**117,232**
**117,232**
**£ **|_Unrestricted_
_and Total_
_Funds_
_2022_
_£_
_112,844_|
|---|---|---|
|||_112,844_
_£ _|
## **4. INVESTMENT INCOME**
|**Unrestricted**
**Restricted**
**Funds**
**Funds**
**2023**
**2023**
**£**
**£**
Interest and dividends
**4,414**
**-**
**4,414**
**£ **
**Nil**
**£**|**Unrestricted**
**and Total**
**Funds**
**2023**
**£**
**4,414**
**4,414**
**£ **|_Unrestricted_
_and Total_
_Funds_
_2022_
_£_
_5,000_|
|---|---|---|
|||_5,000_
_£ _|
12
**ST. JOHN THE DIVINE, KENNINGTON (SJDK)**
## **NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2023**
## **5. RESOURCES EXPENDED**
|**Staff costs**
**Direct Costs**
**£**
**£**
Cost of charitable activities
2023
**42,769**
**£ **
**226,121**
**£ **
2022
_34,042_
_£ _
_244,239_
_£ _
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
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**
**£**
**89,842**
**£ **
_69,153_
_£ _
**2023**
**-**
**3,700**
**2023**
**£**
**78,822**
**28,751**
**44,335**
**33,054**
**-**
**9,330**
**17,486**
**14,343**
**226,121**
**£ **
**Total**
**2023**
**£**
**5,664**
**22,898**
**38,466**
**19,114**
**3,700**
**-**
**89,842**
**£ **|**Total 2023**
**£**
**358,732**
**£ **|
|---|---|---|
|||_347,434_
_£ _|
|||_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_
_£ _|
13
**ST. JOHN THE DIVINE, KENNINGTON (SJDK)**
## **NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2023**
## **8. STAFF NUMBERS AND COSTS**
|**STAFF NUMBERS AND COSTS**|||
|---|---|---|
|Wages and salaries|**2023**
**£**
**42,769**
**42,769**
**£ **|_2022_
_£_
_34,042_|
|||_34,042_
_£ _|
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 (2022 - £nil).
## **9. TRUSTEES REMUNERATION AND BENEFITS**
During the year, no members of the Board of Trustees received any remuneration (2022 - £nil). Members of the Board of Trustees received reimbursement of travel and IT expenses amounting to £nil (2022 - £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 2023 and 31 December 2023
**Depreciation**
At 1 January 2023
Charge for the year
At 31 December 2023
**Net book value**
**At 31 December 2023**
At 31 December 2022|**Land and**
**buildings**
**£**
**10,000**
**400**
**200**
**600**
**9,400**
**£ **
_9,600_
_£ _|**Piano and**
**Organ**
**£**
**70,000**
**7,000**
**3,500**
**10,500**
**59,500**
**£ **
_63,000_
_£ _|**Total**
**£**
**80,000**|
|---|---|---|---|
||||**7,400**
**3,700**|
||||**11,100**|
||||**68,900**
**£ **|
||||_72,600_
_£ _|
14
**ST. JOHN THE DIVINE, KENNINGTON (SJDK)**
## **NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2023**
## **12. INVESTMENTS**
|Market value
At 1 January 2023
Additions at costs
Sales proceeds from disposals
Losses on market value
At 31 December 2023
**Investments at the year end**
CBF Deposit
CBF Organ Scholarship
Martin Currie
RBS Shares
GSK
CBF Randall Bequest
JPM
**13. DEBTORS**
**Charity**
**Group**
**2023**
**Due within one year**
**£**
Prepayments
**30,000**
**30,000**
Other debtors
**18,000**
**48,000**
**£ **
**14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
**Charity**
**Group**
**2023**
**£**
Social security and other taxes
**448**
Accruals
**6,480**
**7,074**
**£ **|**2023**
**£**
**171,692**
**-**
**(30,000)**
**(2,877)**
**138,815**
**£ **
15,069
16,622
-
539
3,480
103,105
-
**138,815**
**£ **
_Charity_
**2023**
**£**
**30,000**
**18,000**
**48,000**
**£ **
_Charity_
**2023**
**£**
**448**
**6,480**
**7,074**
**£ **|_2022_
_£_
_221,068_
_-_
_(21,371)_
_(28,005)_|
|---|---|---|
|||_171,692_
_£ _|
|||14,602
15,193
-
708
4,313
136,876
-|
|||_171,692_
_£ _|
|||_Group_
_2022_
_£_
_-_
_18,000_|
|||_18,000_
_£ _|
|||_Group_
_2022_
_£_
_448_
_6,480_|
|||_7,074_
_£ _|
15
**ST. JOHN THE DIVINE, KENNINGTON (SJDK)**
## **NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2023**
## **15. STATEMENT OF FUNDS**
|**Brought**
**Forward**
**£**
**RESTRICTED FUNDS**
Organ Studentships
**24,007**
Other restricted funds
**9,678**
Clergy Housing/Ministry
**62,458**
Childrens Choirs
**(9,030)**
**87,113**
**£ **
**2023 SUMMARY OF FUNDS**
General Funds
**234,200**
Restricted Funds
**87,113**
**321,313**
**£ **
**_Comparative 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_
_£ _|**Incoming**
**Resources**
**£**
**3,500**
**2,273**
**48,220**
**19,920**
**73,913**
**£ **
**247,166**
**73,913**
**321,079**
**£ **
_Incoming_
_Resources_
_£_
_3,000_
_4,350_
_91,298_
_7,709_
_106,357_
_£ _
_267,447_
_106,357_
_373,804_
_£ _|**Transfers and**
**Resources**
**investment**
**Expended gains/(losses)**
**£**
**£**
**(9,330)**
**-**
**-**
**-**
**(33,054)**
**-**
**(17,486)**
**-**
**(59,870)**
**£**
**Nil**
**£**
**(298,862)**
**11,523**
**(59,870)**
**-**
**(358,732)**
**£**
**11,523**
**£ **
_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)_
_£_|**Carried**
**Forward**
**£**
**18,177**
**11,951**
**77,624**
**(6,596)**|
|---|---|---|---|
||||**101,156**
**£ **|
||||**194,027**
**101,156**|
||||**295,183**
**£ **|
||||_Carried_
_Forward_
_£_
_24,007_
_9,678_
_62,458_
_(9,030)_|
||||_87,113_
_£ _|
||||_234,200_
_87,113_|
||||_321,313_
_£ _|
16
**ST. JOHN THE DIVINE, KENNINGTON (SJDK)**
## **NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2023**
## **16. ANALYSIS OF NET ASSETS BETWEEN FUNDS**
|**Unrestricted**
**Funds**
**2023**
**£**
Tangible fixed assets
**68,900**
Fixed asset investments
**37,659**
Net current assets
**87,468**
**194,027**
**£ **
**_Comparative analysis of net assets between funds_**
_Unrestricted_
_Funds_
_2023_
_£_
_Tangible fixed assets_
_72,600_
_Fixed asset investments_
_84,579_
_Net current assets_
_77,021_
_234,200_
_£ _|**Restricted**
**Funds**
**2023**
**£**
**-**
**101,156**
**-**
**101,156**
**£ **
_Restricted_
_Funds_
_2023_
_£_
_-_
_87,113_
_-_
_87,113_
_£ _|**Total**
**Funds**
**2023**
**£**
**_68,900_**
**_138,815_**
**_87,468_**
**295,183**
**£ **|_Total_
_Funds_
_2022_
_£_
_72,600_
_171,692_
_77,021_|
|---|---|---|---|
||||_321,313_
_£ _|
||||_Total_
_Funds_
_2022_
_£_
_72,600_
_171,692_
_77,021_|
||||_321,313_
_£ _|
## **17. RELATED PARTIES**
There are no related party transactions during the course of the current year.
17
**ST. JOHN THE DIVINE, KENNINGTON (SJDK)**
## **NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2022**
|**18 COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES**
**Unrestricted d**
**Total**
_Unrestricted_
**Funds s**
**Funds**
_Funds_
**2023 3**
**2023**
_2022_
**£ £**
**£**
_£_
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
**199,433**
_149,603_
Other trading activities
**117,232**
_112,844_
Investments
**4,414**
_5,000_
**TOTAL**
**321,079**
_267,447_
**EXPENDITURE ON:**
Charitable activities
**#REF!**
_276,602_
**#REF!**
_(9,155)_
**#REF!**
_(28,005)_
**#REF!**
_(37,160)_
Transfer between funds
**11,523**
_-_
**#REF!**
_(37,160)_
**NET MOVEMENT IN FUNDS**
**#REF!**
_(37,160)_
TOTAL FUNDS AT 31 DECEMBER 2021
_321,313_
_271,360_
**TOTAL FUNDS AT 31 DECEMBER 2022**
**#REF!**
_234,200_
_£ _
Net income before gains and losses on
investments
Net losses on investments
Net expenditure
Net outgoing resources before other
recognised gains and losses|_Restricted_
_Funds_
_2022_
_£_
_106,357_
_-_
_-_|_Total_
_Funds_
_2022_
_£_
_255,960_
_112,844_
_5,000_|
|---|---|---|
||_106,357_|_373,804_|
||_70,832_|_347,434_|
||_35,525_
_-_|_26,370_
_(28,005)_|
||_35,525_
_-_|_(1,635)_
_-_|
||_35,525_|_(1,635)_|
||_35,525_
_51,588_|_(1,635)_
_322,948_|
||_87,113_
_£ _|_321,313_
_£ _|
18