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2023-12-31-accounts

Registered Charity: 1127534

ANNUAL REPORT & FINANCIAL STATEMENTS

OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31 DECEMBER 2023

TABLE OF CONTENTS

ADMINISTRATIVE INFORMATION ________ 1 ANNUAL REPORT _________ 2 _______ 11 FINANCIAL STATEMENTS ________ 13 NOTES TO FINANCIAL STATEMENTS ____________ 17

ADMINISTRATIVE INFORMATION

used for the charity are "St Peter's Farnborough". The Church is registered with the Charity Commission for England and Wales.

1127534

60 Church Avenue, Farnborough, Hants, GU14 7AP

Bankers: National Westminster Bank PLC. 31-37 Victoria Road, Farnborough, Hants. GU14 7NR Independent Examiner: Jacob Cavenagh & Skeet. 5 Robin Hood Lane, Sutton, Surrey. SM1 2SW Accountant: Jennifer Daplyn MIAB, RockSalt, 95 Highgate Lane, Farnborough, Hants, GU14 8AA

Page 1

ANNUAL REPORT

responsibility with its Incumbent in promoting within the ecclesiastical parish the whole mission of the Church - pastoral, evangelistic, social and ecumenical. It also has maintenance responsibilities for ampus and associated properties.

The Parochial Church Council is a corporate body established by the Church of England. The PCC of the Good Shepherd are a two-parish Group Ministry within the Aldershot Deanery of the Guildford Diocese. This is a commitment to support and co-operate in mission and has no financial obligations.

The Church Pastoral Aid Society is the sole patron of both Parishes. The PCC is registered with the Charity Commission.

Members of the PCC are either ex-officio or elected by the Annual Parochial Church Meeting (APCM) in accordance with the Church Representation Rules. In 2023 the Parish elected 4 of the 15 PCC representatives, and 5 Deanery Synod representatives, all with a three-year term. Two places for lay members remained vacant. The APCM was held on held on 28th April 2023 in the Church with 4 clergy and 71 parishioners attending.

During the year the following served as members of the PCC.

Incumbent: Rev d Elizabeth Etherington (until resignation in July 2023) Clergy: Rev d Richard Cobbold Rev d Sarah Norbron Rev d Ben Perkins (Curate, then Associate Minister) (Curate) (from PCC September 2023) Licensed Lay Ministers Representative: Mr Andrew Linn (reappointed at APCM 2023) Wardens: Mrs Catherine Fewings (to APCM 2023) Mr Colin Price Mrs Margaret Taylor (from APCM 2023) Deanery Synod: Mrs Catherine Fewings (from APCM 2023) Mr Jonathan Coppock (from APCM 2023) Mr Nicholas Hayward (to APCM 2023) Mr Jonathan Kelly (from APCM 2023)

Page 2

Mrs Natasha Rees (from APCM 2023) Dr David Rowell (from APCM 2023) Mr Neil Seagrave (to APCM 2023)

Representatives:

Mr David Barnes (Treasurer) (from APCM 2021) Mrs Andrea Birkett (to APCM 2023) Dr Leslie Bolton (Secretary) (from APCM 2023) Mrs Zillah Chester (from APCM 2022) Mrs Helen Cole (from APCM 2023) Mrs Shirene Comrie (from APCM 2021) Mrs Elizabeth Crowhurst (from APCM 2021) Mrs Susan Gaskell (from APCM 2023) Mr Anthony Gilbert (to APCM 2023) Mrs Anne Hudson (to APCM 2023) Mrs Sarah Jones (from APCM 2022) Mr Christopher Parrott (from APCM 2021) Mr Paul Rogers (from APCM 2022) Mr Neil Seagrave (from APCM 2023) Mrs Yvonne Seagrave (from APCM 2022) Mr David Shervington (from APCM 2021) Mr James Sutherland (to APCM 2023) Mrs Alison Welch (to APCM 2023) Mrs Tina West (to APCM 2023) Mrs Hannah Witt (to APCM 2023)

Youth Representative: Mr Ethan Daplyn (not a Trustee) (from PCC September 2023)

The method of election of the PCC members is as set out in the Church Representation Rules. All church attendees are encouraged to register on the Electoral Roll and the church leadership team endeavours to ensure that all congregations are represented on the PCC.

All PCC members are provided with up-to-date information on their responsibilities as trustees. All safeguarding training as required by the Diocese is undertaken online and all new members benefit -theub-committee meetings and Deanery Synod meetings as appropriate.

The PCC operates through several committees that meet between full meetings of the PCC.

Page 3

This is the only sub-committee required by the Church Representation Rules. It has power to transact the business of the PCC between its meetings, subject to any directions given by the Council. It also keeps under review all PCC business matters and non-financial administration practices that are not the responsibility of any other subcommittee, agrees the agenda for PCC meetings, and prepares and administers contracts of employment for PCC employees for ratification by the PCC. It has authority to approve spending up to £1,000 on any individual item of expenditure, subject to reporting at the next PCC meeting.

The Finance Committee assists the PCC and Treasurer by managing the General Fund finances, including the preparation of annual audited accounts, preparation of the Annual Finance Report and presentation at the Annual Parish Meeting. The Finance Committee oversees all the other

The Maintenance Committee manages the repair and maintenance of church property comprising St

The Mission Committee manages mission activities (beyond the local mission of the congregation itself selection of those called, supporting them throughout their training, missionary career and eventual resettlement. It encourages an interest in Mission within the wider church family, keeping them financially.

A Risk Management policy is in place. The identification of risks and their management are devolved to the sub-committees and other groups who are most familiar with the detail of activities at their e identified together with an owner, severity is assessed and the necessary countermeasures identified (often with reference to Diocesan documentation).

During the year the PCC reviewed Risk Assessments for new activities and major events, such as the Holiday Club and Light Trail.

The principal risks are in the areas of:

Page 4

Our appointed Parish Safeguarding Officers have participated fully in the Diocesan initiative to strengthen Safeguarding practices through the development of an integrated Safeguarding Dashboard. This identifies all children s, young persons and vulnerable adult activities, compliance with safeguarding requirements and provides confidential tracking of any issues. The Dashboard is reviewed regularly at PCC meetings.

All of the current lay PCC members have completed the on-line safeguarding course required by the Diocese. The PCC has complied with the duty under section 5 of the Safeguarding and Clergy uidance on safeguarding children and vulnerable adults).

responsibility of supporting the incumbent and staff team in promoting the mission of the whole church within the ecclesiastical parish. This included equipping and enabling staff and volunteers in discipleship, mission, social action, and ecumenical work. The PCC also has

The typical Sunday service attendance comprises around 270 adults and 65 children and young people.

Services on special occasions are considerably higher: there was a total attendance of 595 people at services on Easter Day, and 1175 on Christmas Eve and Christmas Day (though this may include some people attending more than one service).

There were 406 people on the Electoral Roll at the time of the 2023 Annual Parochial Church Meeting.

of PCC was handed over to the Lay Vice-C

Page 5

Perkins, took on the leadership of the staff team and pastoral and missional oversight of the church and worked closely with the church wardens, Colin Price and Margaret Taylor, in overall governance of the church. The significant changes that came with Re

LOVE GOD

Easter and Christmas brought further opportunities for us to worship as a church family with lent and advent providing opportunities to add to our midweek offering with short spoken communion services each week which were greatly appreciated by those who were able to together for worship outside in the sunshine, and during our evening service we celebrated several baptisms, particularly with those who attended the most recent Alpha Course. Similalrly, Christmas saw over 1000 people come to one of our many services throughout

volunteers who give so much of their time (estimated to be about 40,000 hours in total) to grateful to all those who volunteer, and the amazing ministry leads who put so much time and energy into coordinating various teams! Another major way that we love one another is through Home Groups which continued to get increased visibility and investment throughout 2023. Home groups are mini expressions of church and the primary way people find every other week and each group is generally the first port of call for pastoral care and support. Having said that, 2023 saw David Crowhurst take on the role of pastoral care coordinator, which has enabled the clergy team to keep up to date with those needing immediate or long-term pastoral care. In 2023, we also held a Eurovision viewing party which brought some people from the community and gave the church family a reason to have a fun night together!

Page 6

LOVE HIS WORLD

Our regular outreach ministries continued throughout 2023 and brought with them many reasons to give thanks. As well as our major outreach services at Easter and Christmas we continued with midweek groups such as The Hub, Meet and Eat, CCC, Alpha, and the Bereavement Journey. One off events such as the Farnborough Half Marathon, the Egg Drop, and the Light Trail gave us significant contact with those in our community whom we ing opportunity for outreach with the Christmas Outreach being a real success this year too. We were also pleased to recruit a new Manager for our CAP Debt Centre and resume its outreach.

In 2023 we saw significant change to our under 5s ministry as we decided to stop our toddler groups which had been running for many years. Whilst lots of people were coming along to the toddler groups, the team were not able to build the relationships that make such groups worthwhile. Instead, - much time and energy were launched which built on the already fruitful model set by the Hub which allows for more relationship building with those who come along, allowing us to get to attendees better so to invite them to other Harriet Carey. This is a free music group for young children and their parents/carers where they hear stories from the Bible through music. Whilst this significant change was a difficult one to make, it is wonderful to see the spiritual fruit that has come as a result.

Our support for worldwide mission continued using our separate Mission Fund. As well as providing financial and prayer support for our regular mission links and organisations, we also raised additional funds of about £7,000 towards various projects instigated by Emmanuel International (EI) Tanzania in partnership with the Tanzania Assemblies of God churches in the Mwanza area. A group of seven people from our church spent time in Mwanza in August working with EI on a number of these projects.

The continuing generosity of church members enabled the PCC to meet its normal commitments of running and maintaining the Church and associated activities albeit with the use of some reserves at a level agreed in the financial forecast prepared at the end of 2022.

An Asset List has been established for the purposes of financial planning. We are continuing to make provision for the replacement and repair of items that are not annual expenses.

During 2023, a project was undertaken by Rocksalt, our accountant to transfer our accounting records from an in-house developed system based on Quickbooks to an internet-based package ExpensePlus. At the same time, we moved over to a new payroll provider. These changes provide a more robust financial platform on which to manage the church finances.

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The PCC does not hold significant financial reserves on the grounds that our church members give their money to be used, not held. We do, though, monitor our cash position very closely and it is our -atthree months of normal expenditure.

At 31st December 2023 the reserves comprised:

-will offerings and donations, some of which are gift-aided, from members of our congregations. We have not contracted the service of any professional fundraisers as defined by section 58 of the Charities Act 1992.

Collection boxes are available at all services, the contents of which are treated as part of our worship and handled as part of our weekly banking process. All congregations are given a summary of the financial needs of the Church as part of the Vision and Giving presentations. A card reader is also available at all services which allows church members to make donations both cashless and contactless.

We do not engage in persistent or intrusive fundraising practices with any of our donors, including vulnerable people, and we do not have private or coercive discussions with individuals about their giving. Our fundraising practices are ethical and in accordance with Biblical principles. No complaints were received about our fundraising practices.

The Key Management Personnel are considered to be the members of the PCC, who are the trustees of the charity, and the Operations Manager. The arrangements for the pay and remuneration of Key Management Personnel are as follows:

Page 8

No other member of the Key Management Personnel is paid.

Pension contributions for all staff who do not opt out of receiving them are paid by the PCC at 10% of salary. The contributions are charged to expenditure in the period they are due.

The Mission Fund is a restricted fund (meaning that there are restrictions on how it can be spent) for giving to individuals and organisations in the mission field. During 2023, restricted income to the fund increased from £66,685 in 2022 to £85,337 in 2023. However, this included payments by the Tanzania Mission team members, and donations specifically for projects undertaken on that visit, to be transferred to Emmanuel International. The underlying donations for ongoing mission support were therefore lower than in 2022. During 2023 we supported 22 individuals and organisations both at home and abroad, notably our link missionaries who we encourage you to read about on our website.

Over the coming years the PCC intends to continue its policy to support and resource the ministry of the church in fulfilling its objectives, expressed in the three-

The PCC members are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.

Charity law requires the PCC members to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the church and of its financial activities for that period.

In preparing those financial statements, the PCC members are required to:

Page 9

The PCC members are responsible for keeping proper accounting records, which disclose with reasonable accuracy, at any time, the financial position of the church and enables them to ensure that the financial statements comply with the Charities Act 2011 and the Church Accounting Regulations 2006. They are also responsible for safeguarding the assets of the church and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The financial statements that follow have been prepared in accordance with the Charities Statement of Recommended Practice 2015, Financial Reporting Standard 102.

This report was approved by the Parochial Church Council, on 22 July 2024 and signed on their behalf by:

Leslie Bolton

PCC Secretary

Page 10

Farnborough Parochial Church Council (the Church) for the year ended 31 December 2023.

the requirements of the Charities Act 2011

Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no 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 Church as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Report) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the 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.

Page 11

PAROCHIAL CHURCH COUNCIL OF ST PETER'S CHURCH FARNBOROUGH Miriam Hickson CTA FCA Jacob Cèvena8h & Skeet 5 Robin Hood Lane Sutton Surrey SMI 25W u JLdy Zoz Page 12

FINANCIAL STATEMENTS

----- Start of picture text -----
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2023
----- End of picture text -----

NOTE UNRESTRICTED
FUNDS
2023
£
RESTRICTED
FUNDS
2023
£
TOTAL
FUNDS
2023
£
TOTAL
FUNDS
2022
(RESTATED)
£
Income from:
Donations and legacies
Charitable activities
Investments
Other income
Total Income
4
Expenditure on:
Charitable activities
Total Expenditure
6
Net Income /
(Expenditure) before
other recognised gains
and losses
Transfers between
funds
16
Gains / (losses) on
revaluation of fixed
assets
13
Net movement in funds
Reconciliation of funds:
Total funds brought
forward
Total funds carried
forward		 367,351
74,758
442,109
469,098
48,748
15,792
64,540
46,603
1,588
740
2,328
510
-
-
-
767
417,687
91,289
508,976
516,977
483,001
100,075
583,076
580,782
483,001
100,075
583,076
580,782
(65,314)
(8,786)
(74,100)
(63,805)
(16)
16
-
-
(60,000)
-
(60,000)
25,000
(125,329)
(8,770)
(134,100)
(38,805)
1,890,164
53,677
1,943,841
1,982,646
1,764,834
44,907
1,809,741
1,943,841

Page 13

----- Start of picture text -----
BALANCE SHEET
AS AT 31 DECEMBER 2023
----- End of picture text -----

NOTE UNRESTRICTED
FUNDS
2023
£
RESTRICTED
FUNDS
2023
£
TOTAL
FUNDS
2023
£
TOTAL
FUNDS
2022
£
Fixed Assets
Tangible Fixed Assets
13
Current Assets
Debtors
14
Prepayments
14
Cash at bank and in hand
Creditors: amounts falling
due within one year
15
Net Current Assets
Total Assets less Current
Liabilities
Creditors: amounts falling
due after one year
Net Assets
18
Funds of the Charity
Restricted Funds
16
Unrestricted Funds
16
Total Funds		 1,685,007
-
1,685,007
1,748,471
14,524
3,677
18,201
20,806
1,244
1,546
2,790
-
83,422
46,574
129,996
186,756
99,190
51,797
150,987
207,563
19,362
6,890
26,252
12,192
79,828
44,907
124,735
195,371
1,764,834
44,907
1,809,741
1,943,841
-
-
-
-
1,764,834
44,907
1,809,741
1,943,841
44,907
44,907
53,677
1,764,834
1,764,834
1,890,164
1,764,834
44,907
1,809,741
1,943,841

Page 14

The financial statements were approved by the Parochial Church Council on 22 July 2024 and signed on their behalf by:

Colin Price Church Warden

Leslie Bolton PCC Secretary

Page 15

----- Start of picture text -----
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2023
----- End of picture text -----

NOTE TOTAL
FUNDS
2023
£
TOTAL
FUNDS
2022
£
Net cash provided by (used in) operating activities
17
Cash flows from investing activities:
Dividends, interest and rents from investments
Purchase of property, plant and equipment
Net cash provided by (used in) investing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the
reporting period
Cash and cash equivalents at the end of the reporting
period		 (56,513)
(52,206)
2,328
(510)
(2,575)
(15,998)
(247)
(16,508)
(56,760)
(68,714)
186,756
255,470
129,996
186,756

Page 16

NOTES TO FINANCIAL STATEMENTS

1.1 BASIS OF ACCOUNTING

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value are shown at market value.

The PCC is a public benefit entity within the meaning of Financial Reporting Standard 102 (FRS 102). The financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individual accounts together with FRS102 (effective 1 January 2019) as the applicable accounting standards and the Statement of Recommended Practice, Accounting and Reporting by Charities (SORP(FRS102)).

The church is a registered charity in England and Wales. The Trustees are the members of the PCC. Its registered place of operations is 60 Church Avenue, Farnborough, Hampshire, GU14 7AP.

1.2 GOING CONCERN

At the time of approving the financial statements, the PCC members have a reasonable expectation that the church has adequate resources to continue in operational existence for the foreseeable future and that there are no material uncertainties about to continue. Thus the PCC members continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 FUND ACCOUNTING

PCC funds are required to be recorded and analysed under specific headings, as follows:

General funds regarding their use and are available for application for the general purposes of the PCC.

Designated funds are earmarked by the PCC for particular purposes but are nevertheless still unrestricted as the PCC can redesignate the funds if it wishes.

Restricted funds are funds collected or donated for a particular purpose and cannot be used by the PCC for any other purpose except by agreement with the donor. The aim and use of each restricted fund is set out in note 15 to the financial statements.

The funds of the PCC have been appropriately recorded to comply with fund accounting principles and the Statement of Financial Activities has been prepared in accordance with this analysis.

Page 17

1.4 ACCOUNTING REQUIREMENTS

The accounts include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body nor those that are informal gatherings of Church members.

2.1 INCOME

Income is recognised and included in the Statement of Financial Activities (SoFA) when:

Planned giving, collections and similar donations are recognised when received.

Tax refunds (Gift Aid) are recognised when the incoming resource to which they relate is received.

Grants and legacies are accounted for when the PCC is entitled to the use of the resources, their ultimate receipt is considered reasonably certain and the amounts due are readily quantifiable.

Interest is accounted for when receivable.

All incoming resources are accounted for gross. There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102.

2.2 EXPENDITURE AND LIABILITIES

All expenditure and liabilities are accounted for on an accruals basis. Liabilities are recognized where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.

Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding or constructive obligation on the PCC.

The diocesan parish share is accounted for when due.

All other expenditure is generally recognised when it is incurred and is accounted for gross.

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Governance costs comprises of all costs allowing the church to meet its legal and statutory requirements.

Creditors and provisions are recognised where the charity has a present obligation arising 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 recognised at their settlement amount.

2.3 ASSETS

Consecrated land and buildings and movable church furnishings

Consecrated or beneficed property is excluded from the accounts by Section 96(2)(a) of the Charities Act 1993.

Movable church furnishings held by the Rector and Churchwardens on special trust for the PCC, and which require a faculty for disposal, are accounted as inalienable property unless (at any reasonable time). Inalienable property acquired prior to 1 January 2000 is not valued in the accounts. Items acquired since 1 January 2000 have been capitalized and depreciated in the accounts over their currently anticipated useful economic life (initially over 4 or 5 years) on a straight-line basis.

All expenditure incurred in the year on consecrated or beneficed buildings, individual items under £500 or on the repair of movable church furnishings acquired before 1 January 2000 is written off.

Other land and buildings

Housing properties are valued at market value. The Parish Centre is stated at cost. No depreciation is provided on freehold land and buildings. The PCC adopts a policy of maintaining all properties to a high standard which prolongs their useful lives and enhances their residual values and accordingly the PCC considers any depreciation arising or accumulated depreciation to date to be insignificant and immaterial. An annual review is carried out to consider the useful life and estimated residual value of all freehold properties.

Other fixtures, fittings and office equipment

Equipment used within the church premises is depreciated on a straight line basis over 4 or 5 years. Individual items of equipment with a purchase price of £500 or less are written off when the asset is acquired.

Debtors & Prepayments

Income tax recoverable and other debtors are included at the settlement amount due. Prepayments are valued at the amount prepaid.

Cash at bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of opening of the deposit.

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2.4 PENSIONS

The charity operates a defined contribution pension scheme. Contributions are charged to the Statement of Financial Activities as they become payable in accordance with the rules of the scheme.

2.5 TAXATION

The charity is exempt from tax on its charitable activities.

2.6 FINANCIAL INSTRUMENTS

The charity only has financial assets and 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.

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The following table provides the full Statement of Financial Activities for 2022, by way of comparison with 2023.

UNRESTRICTED
FUNDS
2022
£
RESTRICTED
FUNDS
2022
£
TOTAL
FUNDS
2022
£
Income from:
Donations and legacies
Charitable activities
Investments
Other income
Total Income
Expenditure on:
Charitable activities
Total Expenditure
Net Income / (Expenditure)
before other recognised gains and
losses
Transfers between funds
Gains / (losses) on revaluation of
fixed assets
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 398,995
70,103
469,098
45,865
738
46,603
382
127
510
767
-
767
446,009
70,968
516,977
511,601
69,181
580,782
511,601
69,181
580,782
(65,592)
1,787
(63,805)
-
-
-
25,000
-
25,000
(40,592)
1,787
(38,805)
1,930,756
51,890
1,982,646
1,890,164
53,677
1,943,841

Page 21

UNRESTRICTED
FUNDS
£
RESTRICTED
FUNDS
£
TOTAL
FUNDS 2023
£
TOTAL FUNDS
2022
£
Donations and legacies
Collections
Donations
Gift Aid
Grants
Gvmt & local
authority (note 5)
Grants - Other
Legacies
Charitable activities
Events and activities
Parish Centre Room
Hire
PCC Fees
Investment Income
Interest income
Other Income
Sundry
Total Income		 6,247
1,741
7,988
10,600
296,090
60,658
356,747
365,674
62,312
12,259
74,571
79,439
1,275
-
1,275
4,429
1,428
-
1,428
1,999
-
100
100
6,957
367,351
74,758
442,109
469,098
25,418
15,792
41,209
25,313
19,375
-
19,375
19,005
3,955
-
3,955
2,285
48,748
15,792
64,540
46,603
1,588
740
2,328
510
1,588
740
2,328
510
-
-
-
767
-
-
-
767
417,687
91,289
508,976
516,977

Page 22

2023
£
2022
£
Listed Places of Worship Grant
Closed Churchyard Maintenance Grant
(Rushmoor Borough Council)		 498
3,799
777
630
1,275
4,429
UNRESTRICTED
FUNDS
£
RESTRICTED
FUNDS
£
TOTAL
FUNDS 2023
£
TOTAL FUNDS
2022
£
Charitable activities
Staffing (notes 9 & 10)
Diocesan Parish share
Grants (note 12)
Church Activities
Running Costs inc
utilities
Repairs &
Maintenance
Professional Fees
(note 8)
Office Support
Depreciation &
replacement projects
Training
Total Expenditure		 199,229
-
199,229
220,724
135,867
-
135,867
134,931
8,210
76,537
84,747
80,410
35,861
22,989
58,850
39,072
44,718
549
45,267
39,197
24,358
-
24,358
41,870
16,126
-
16,126
4,489
7,584
-
7,584
7,305
6,039
-
6,039
7,287
5,010
-
5,010
5,497
483,001
100,075
583,076
580,782

Funds received on behalf of another organisation or individual are not recognised as income belonging to the Charity and as such are not included in the Statement of Financial Activities and Balance sheet.

Page 23

These funds are passed on to their intended recipient as soon as is possible. Where a balance is held at the end of the period, this is due to the timing of the transaction occurring close to the end of that period.

In 2023 St Peters acted as conduit for the following funds:

DESCRIPTION
RELATED
PARTY
(YES/NO)		 2023
AMOUNT
RECEIVED
£
AMOUNT
PAID OUT
£
BALANCE
HELD AT
PERIOD END
£
Alzheimers Society
(funeral collection)
N
Brightest Stars Fundraiser
N
Church of the Good
Shepherd (Larder & Olive
branch) restricted
donations
N
Cancer Research coffee
morning
N
Macmillan coffee morning
N
Grace MacAdam mission
trip fundraiser
N
Gifts to individuals
N
Guildford Diocese -
Wedding & Funeral Fees
N
Wedding & Funeral Fees -
Audio
N
Wedding & Funeral Fees -
Bellringers
N
Wedding & Funeral Fees
Media
N
Wedding & Funeral Fees -
Organist
N		 17
(17)
-
215
(215)
-
438
(135)
303
1,776
(1,776)
-
1,622
(1,622)
-
914
(914)
-
1,533
(1,533)
-
4,511
(3,802)
709
190
(190)
-
660
(660)
-
110
(110)
-
1,090
(1,090)
-
13,076
(12,064)
1,012

Page 24

2023
£
2022
£
Corporation Tax return for yr-end
31Dec2022*		 3,338
3,096
360
3,698
3,096
2023
£
2022
£
Salaries & Wages
Social security costs
Pension costs
Other employee benefits		 150,680
191,380
4,006
4,039
17,980
18,362
570
-
173,236
213,781

During the year the PCC employed an Associate Minister, two Youth Ministers, two Children's Ministers, Worship Leader, Christians Against Poverty Debt Centre Manager, Operations Manager, Administration Assistant, Organist, two Caretakers and a Cleaner, none of whom earned £60,000 per annum or more. The total number of staff employed was 15 (2022:20). The PCC also made contributions of 10% of salary to workplace pension plans for 6 employees and 10% of nominal salary for 4 employees.

The Key Management Personnel (KMP) are considered to be the members of the PCC who are the trustees of the charity. Total remuneration to Key Management Personnel in 2023 is disclosed in Note 10 under Trustee remuneration.

Page 25

Rev. Ben Perkins was a stipendiary member of the PCC, from 1 January 2023 to 22 May 2023 as the Curate and from 12 June 2023 as the Associate Minister. As Associate Minister he is employed by the Diocese of Guildford and not by St Peter's, so the costs have not been included in the salary figures shown in Note 9 but are accounted for in the payments to the Diocese of Guildford. Payments of £21,246 were made to the Diocese of Guildford in 2023 (2022: Nil) for his employment and pension costs, together with a house provided by St Peters.

The Youth Minister, Chloe Pollington, was a member of the PCC and was provided with a house. She had been on maternity leave throughout the financial year, until her resignation at the end of August 2023. Total employment costs for Chloe in 2023 were £8,421 (2022: £21,951). These costs are included in Note 9, Staff Costs.

The Operations Manager, Sarah Jones, was a member of the PCC throughout the financial year. Total employment costs for Sarah in 2023 were £24,769 (2022, from APCM: £14,997). These costs are included in Note 9, Staff Costs.

(2022: Payments to KMP also included £7,689 to J Davies, CAP Manager & member of the PCC)

These payments are permitted under s185 of the Charities Act 2011.

Other expenses reimbursed to members of the PCC during the year and previous year were for expenses directly relating to the work of the Church. During the year 12 (2022: 6) PCC members were reimbursed a total of £7,498 (2022: £2,260) for general expenses and £374 (2022: £337) for training costs.

During the year members of the PCC gave a total of £63,903 (2022: £63,611) in unrestricted offerings and donations and £14,785 (2022: £15,750) to the Mission Fund, excluding any Gift Aid recovered.

Page 26

The following were connected to trustees or key management personnel of

TRUSTEE OR KMP RELATED TRANSACTIONS
Rev Ben Perkins Beth Perkins (spouse) was an employee of St Pete
employment costs for Beth in 2023 were £27,176 (2022:
£3,299).
Rev Janet Ruthven (From 18 Brian Ruthven (spouse) was an employee of St Pete
Sept 2023) employment costs for Brian from 18 September 2023 (when
Janet joined PCC) were £855 (2022: Disclosure prior to
18/9/23 not required).
Paul Rogers Helen Rogers (spouse) was an employee of
employment costs for Helen in 2023 were £8,804 (2022:
£8,601).

The following grants equal to or over £1,000 were made in the year:

he following grants equal to or over £1,000 were made in the year:
2023 2022
£ £
N A Pease (Stewardship) 11,400 11,400
Wavemakers (S Japitana) 7,300 -
Latin Link (M&H Frost) 6,600 7,100
Crosslinks (J&J Miller) 6,600 6,600
Military Ministries International (G
Stoevski)		 6,600 6,600
PAK7, A Hart (Stewardship) 6,050 6,600
Serving in Mission (J&B Beaton) 5,300 3,300
Emmanuel International 3,600 3,600
Pioneers UK (H Antelo) 3,600 3,600
3,249 3,439
Emerge Advocacy 3,000 -
The Triangle 3,000 4,500
Church of the Good Shepherd 2,630 788
Christians Against Poverty 2,200 6,700

Page 27

Bible Society
CARE
CORD
Fusion UK
Open Doors
SASRA
Tearfund
The Source
UCCF
Workplace Matters
Other Grants (£1,000 or less)
Institutions
Individuals		 1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
-
1,000
1,355
5,207
3,263
975
84,747
80,410
FREEHOLD LAND
& BUILDINGS
£
EQUIPMENT
£
TOTAL
£
Cost or Valuation
At 1 January 2023
Additions
Revaluations
Disposals
At 31 December 2023
Depreciation
At 1 January 2023
Depreciation Charge		 1,731,863
177,947
1,909,810
-
2,575
2,575
(60,000)
-
(60,000)
-
(4,292)
(4,292)
1,671,863
176,230
1,848,093
-
161,339
161,339
-
6,039
6,039

Page 28

Released on disposal
At 31 December 2023
Net Book Value
At 1 January 2023
At 31 December 2023		 -
(4,292)
(4,292)
-
163,086
163,086
1,731,863
16,607
1,748,471
1,671,863
13,144
1,685,007

The gross book value of freehold land and buildings consists of the Parish Centre with a cost of clergy houses were valued by Michael Usher Sales & Lettings, estate agents and valuers on the basis of fair market value at 31 December 2023.

UNRESTRICTED
FUNDS
£
RESTRICTED
FUNDS
£
2023
TOTAL
£
2022
TOTAL
£
Gift Aid recoverable
Other debtors
Prepayments
Inter fund balances		 14,096
2,212
16,308
18,097
428
1,465
1,892
1,563
1,244
1,546
2,790
-
-
-
-
1,146
15,768
5,223
20,991
20,806

Debtors recoverable in more than one year (included in debtors above):

UNRESTRICTED
FUNDS
£
RESTRICTED
FUNDS
£
2023
TOTAL
£
2022
TOTAL
£
Debtors -
1,457
1,457
-
-
1,457
1,457
-

Page 29

UNRESTRICTED
FUNDS
£
RESTRICTED
FUNDS
£
2023
TOTAL
£
2022
TOTAL
£
Accruals for grants
payable
Taxation and social
security
Other creditors
Deferred income
Inter fund balances		 1,299
550
1,849
-
2,614
-
2,614
613
14,699
-
14,699
4,093
750
6,340
7,090
6,340
-
-
-
1,146
19,362
6,890
26,252
12,192

Deferred Income is made up of:

Movement in deferred income:

ement in deferred income:
2023
£
2022
£
Balance at the start of the year
Amounts added in current period
Amounts released to income from
previous periods
Balance at the end of the reporting
period		 6,340
6,340
750
-
-
-
7,090
6,340

Page 30

Current year - 2023

AT 1 JAN
2023
£
INCOME
£
EXPENDITURE
£
TRANSFERS
£
GAINS &
LOSSES
£
AT 31 DEC
2023
£
Previous year - 2022
Unrestricted
funds
General
1,890,164
417,687
(483,001)
(16)
(60,000)
1,764,834
Restricted funds
Mission
15,604
85,337
(95,516)
-
-
5,426
Parish Building
34,361
2,246
-
-
-
36,607
Acts 435
304
2,430
(2,293)
16
-
457
Bellringers
1,970
892
(738)
-
-
2,124
Cricket Club
357
384
(448)
-
-
293
Charities Fund
1,080
-
(1,080)
-
-
-
Total Funds
1,943,841
508,976
(583,076)
-
(60,000)
1,809,741
AT 1 JAN
2022
£
INCOME
£
EXPENDITURE
£
TRANSFERS
£
GAINS &
LOSSES
£
AT 31 DEC
2022
£		 1,890,164
417,687
(483,001)
(16)
(60,000)
1,764,834
15,604
85,337
(95,516)
-
-
5,426
34,361
2,246
-
-
-
36,607
304
2,430
(2,293)
16
-
457
1,970
892
(738)
-
-
2,124
357
384
(448)
-
-
293
1,080
-
(1,080)
-
-
-
1,943,841
508,976
(583,076)
-
(60,000)
1,809,741
Unrestricted
funds
General
1,930,756
446,009
(511,601)
25,000
1,890,164
Restricted funds
Mission
14,918
66,685
(65,998)
-
-
15,604
Parish Building
33,441
920
-
-
-
34,361
Acts 435
-
665
(361)
-
-
304
Bellringers
2,097
461
(588)
-
-
1,970
Cricket Club
283
277
(203)
-
-
357

Page 31

Charities Fund
Flower Fund
Total Funds		 667
1,961
(1,548)
-
-
1,080
484
-
(484)
-
-
-
1,982,646
516,977
(580,782)
-
25,000
1,943,841

The Restricted Funds consist of the following funds: Fund Purpose Mission Fund Funds raised by parishioners for the express purpose of giving away to Mission. Parish Building Funds raised for capital building projects costing £20,000 or more. It has Fund been used for the construction of the Church of the Good Shepherd, construction of the Parish Centre, restoration of the Church Tower, the Church Reordering Project and the 2018 Church Lighting Project. Acts 435 Funds received in partnership with the separate charity Acts 435 for distribution to people who are in need. Bellringers & These are funds held by the various Church Groups for the purposes Cricket Club specified. The Flower Fund was closed in 2022.

TOTAL FUNDS
2023
£
TOTAL FUNDS
2022
£
Net income / (expenditure) for the year (as per the
Statement of Financial Activities)
Adjustments for:
Fixed Asset Depreciation
(Increase) / decrease in debtors
(Increase) / decrease in Prepayments
Increase / (decrease) in creditors
Increase / (decrease) in deferred income
Less Interest received
Less Asset Revaluation
Net cash provided by (used in) Operating Activities		 (134,100)
(38,805)
6,039
6,462
2,605
7,213
(2,790)
-
13,410
(2,586)
650
-
(2,328)
510
60,000
(25,000)
(56,513)
(52,206)

Page 32

Current year - 2023

Current year - 2023
UNRESTRICTED
FUNDS
£
RESTRICTED
FUNDS
£
2023
TOTAL
£
Fixed Assets
Debtors
Prepayments
Cash at bank and in hand
Creditors: amounts falling due
after one year
Previous year - 2022		 1,685,007
-
1,685,007
14,524
3,677
18,201
1,244
1,546
2,790
83,422
46,574
129,996
(19,362)
(6,890)
(26,252)
1,764,835
44,907
1,809,742
UNRESTRICTED
FUNDS
£
RESTRICTED
FUNDS
£
2022
TOTAL
£
Fixed Assets
Debtors
Prepayments
Cash at bank and in hand
Creditors: amounts falling due
after one year		 1,748,471
-
1,748,471
17,021
3,785
20,806
-
-
-
130,520
56,236
186,756
(5,848)
(6,344)
(12,192)
1,890,164
53,677
1,943,841

Operating leases:

The operating lease charges for the year were: Hire of Printer £2,174 (2022: £2,174)

The total future minimum lease payments under operating leases at 31 December 2023 were payable as set out below:

Within one year £1,134 (2022: £1,631) Within two to five years £3,744 (2022: Nil)

Page 33