THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF
ST PETER`S PETERSFIELD
A Registered Charity No. 1128614
ANNUAL REPORT
AND
FINANCIAL STATEMENTS
OF THE
PAROCHIAL CHURCH COUNCIL
For the year ended 31 December 2023
PAROCHIAL CHURCH COUNCIL OF ST PETER`S PETERSFIELD LEGAL AND ADMINISTRATIVE INFORMATION
CHARITY REGISTRATION NUMBER 1128614
PCC MEMBERS AND TRUSTEES
Incumbent : Rev’d Canon William Hughes Curate: Rev’d Alison Waterhouse Associate Priest: Rev’d Helen M Mitchell Readers: Melanie Evans Churchwardens: Penelope Bell Martin How Assistant warden: Sally Hughes Deanery Synod: Martin How Vanda Leary Lynn Carter
PCC Elected members: Madeline King, John Deavin, Faye Hughes, Neil Challen, Cathy Stevens, Sally Hughes, Debbie Reed, Margaret Clark, Andrew Flatt, Kate Napier, Alice Fennell
Young people’s rep: Elizabeth Fennell
PCC Minutes Secretary Vanda Lea
PARISH ADMINISTRATOR
Harriet Hughes and Samantha Hammond St Peter`s Parish Office, Church Path, The Square, Petersfield, Hampshire GU32 3HS Telephone: 01730 260213 e mail: office@stpeterspetersfield.org.uk
BANKERS
Cafcash Limited, P.O. Box 289, West Malling, Kent
INDEPENDENT EXAMINER
G. R.Beer MA(Cantab) FCA 4,Chilgrove House, MardenWay Petersfield, Hampshire GU31 4PU
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PAROCHIAL CHURCH COUNCIL OF ST PETER`S PETERSFIELD TRUSTEES’ REPORT
The trustees present their report together with the financial statements of the charity for the year ended 31 December 2023. The financial statements have been prepared in accordance with the Church Accounting Regulations 2006, the Financial Reporting Standard (FRS) and the Charities SORP FRS 102.
Aim and purposes
The function of the Parochial Church Council (PCC) is to cooperate with the incumbent in promoting in the parish the whole mission of the Church: pastoral, evangelistic, social and ecumenical.
Structure, governance and management
The appointment of PCC members is governed by the Church Representation Rules. Members of the PCC are either ex-officio, co-opted or elected by the Annual Church Meeting. New members are made aware of trustee responsibilities and individual members are appointed to ensure compliance with health and safety regulations, child protection and safeguarding policies and are encouraged to attend diocesan or deanery training courses on such matters. The PCC meets six times a year.
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The PCC operates through the following committees which meet between and report to meetings of the PCC:- Standing - Is the only committee required by law and acts on behalf of the PCC. Children & Young Adults – Provides for younger members of our Church community. Discipleship & Spirituality – Shapes a programme of events.
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Ecology and Environment – Proposes ideas and initiatives, and manages projects. Fabric and Buildings – Manages the care of all parish buildings.
Finance – Manages and monitors the finances of St Peter`s.
Pastoral – Organises the ministry to newcomers and monitors pastoral needs.
Objectives and Activities
The PCC is committed to enabling as many people as possible to worship at St Peters and to become part of the parish community. The incumbent and the PCC are fully aware of the Charity Commissions guidance on public benefit and the specific guidance on charities for the advancement of religion, and has regard to these in planning and delivering its activities.
Achievements and Performance
The PCC has embraced the Bishop of Portsmouth’s two priorities: the provision of outstanding ministry to the elderly, in particular Anna Chaplaincy, and to focus our resources and energy on enabling children, young people and young adults to encounter Christ. The PCC is working towards greater collaboration with other churches in the deanery.
The PCC to continues to focus on provision for the young (mission) - grant funding for a Children and Families Worker was applied for in September 2023, and on encouraging people to take an active part in the life of the church (enabling mission).
Our ministry team includes: Rev’d Helen M Mitchell and Rev’d Alison Waterhouse, retired clergy, the Right Rev’d Ian Brackley, Reader, Melanie Evans, Lay Worship Leaders, Katherine Napier and Alice Fennell, and Rev’d Anthony Smith until he retired altogether on 14 May 2023.
St Peter’s has continued its online provision by live-streaming (on Facebook) the 9.30am Parish Eucharist, as well as various seasonal services. Also, in support of its existing work, as well as to help in achieving growth, St Peter’s has strengthened communications with new and attractive notices in church and through posting on the social media platform, Facebook.
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In support of faith development within the congregation and the wider parish, St Peter’s clergy and other personnel gave regular RE lessons and led collective worship in Churcher's College (including Junior School), Ditcham Park School and Petersfield Infants’ School, and some lessons for The Petersfield School. Rev’d Canon William Hughes also provided regular 'padre's hours' for the ATC squadron and he is chaplain to Petersfield District Scouts.
The Tuesday Night programme has expanded with weekly provision: on 1[st] Tuesday a Discussion (– lay led), 2[nd] Tuesday Prayer – lay led), 3[rd] Tuesday Talk (– by clergy), 4[th] Tuesday Contemplation (– clergy led, with plans to become a discussion in a local pub).
In the Autumn, Reverend Helen Mitchell led a six-week Christian Meditation Course, with sessions held on Tuesday mornings and Tuesday evenings. It had been anticipated that this would feed into the 4[th] Tuesday Night of the month, (Tuesday Night Contemplation), but the course was so popular with a life of its own, and Meditation sessions (lay led) on Monday nights and Tuesday mornings continue as part of the regular life of St Peter’s.
In addition to the Tuesday Night and Meditation programmes in St Peter’s, as part of growing in faith, the congregation has been encouraged to take up opportunities offered within the deanery and diocese, some people are attending the Living Faith course online and one has completed the Lay Preachers Course.
A simple soup Lent Lunch was held in aid of the DEC Appeal for Turkey and Syria.
In 2023 the Lent Course, ‘Dust and Glory’ (based on the Church of England’s Lent Book, ‘Failure’ by Bishop Emma Ineson), was held on Tuesday nights and Thursday lunchtimes.
In November, the Right Reverend Ian Brackley led two sessions, “Tales of the Nativity”, and introduced the infancy narratives in Matthew and Luke.
In the autumn, Confirmation classes were held in St Peter’s Church and at Churcher’s College, and 8 candidates were confirmed by the Right Reverend Jonathan Frost, Bishop of Portsmouth, at St Peter’s Church in December.
The pastoral committee and home communion team provided regular visits and telephone calls, offering Communion, spiritual support and company to a wide variety of frail and house bound people in their homes and care homes.
The weekly toddler group, Play-Together, led by volunteers (since Hannah Thomas left her role in the summer), is open to all in the community and typically attracts about 30+ families.
Junior Church for children aged 3-11, has been meeting on the third Sunday each month, in the large hall, starting with breakfast before enjoying a Bible story, some play and activities. The children and leaders come into the church in time for Holy Communion or a Blessing. At the end of October, a Light Party was held in church for children and their families.
St Peter’s Youth are encouraged to participate in the ministry of the church including the choir, serving at the altar, reading lessons and prayers, bell ringing, taking charge of technology and running the live-stream. Usually there are one, or even two, Duke of Edinburgh Award students who bake cakes for the Refresh Café. The Band, founded and led by teenager Michael Fennell, is a talented group of teenagers who regularly lead two hymns at the monthly All Age service, performed at the Coronation Fete and who led the music at the two Nativity services on Christmas Eve.
The Concerts programme, showcasing a number of performers including those from schools, has continued to be enormously popular. And with our Director of Music, Mark Dancer, St Peter’s is noted for its music. An open invitation to attend a few rehearsals and be part of the choir for the Evensong to mark the Coronation and for the service of Nine Lessons and Carols, proved to be very popular and successful.
3
Following the Quinquennial Inspection in 2021, stone repairs have taken place and works continue to be carried out, in order of priority. Renovations to the curate’s house have taken place and possible improvements to the hall are being explored.
The PCC has actively supported Petersfield community events as well as running some of our own. Refresh Café has attracted an increasing number of people in the community including vulnerable adults and has provided a safe environment for conversation as well as a space for fellowship, with pastoral help if needed. During Refresh Café, the PCC gives the meeting room space to local NHS Social Prescribers for their clinics. Refresh Café has become an increasingly important weekly event in the life of Petersfield. In 2023 the Refresh Café recipe book was created in order to raise funds for St Peter’s.
St Peter’s had a stall selling homemade crafts and cakes at the Saturday market in May and raising funds for the church as well as providing an opportunity for interaction with the public.
To mark the Coronation of His Majesty King Charles III, St Peter’s held a Civic Evensong, ran the volunteers open morning showcasing the different ways in which people can get involved and this resulted in a number of new people taking on various roles. St Peter’s ran a popular children’s activity stall and The Band performed at the Coronation Fete on the Avenue Playing Fields.
In June, Rev’d Alison Waterhouse organised a Talent Night, which was very popular with members of the congregation as well as those who attend Refresh Café and came from the wider community.
The fete in September, organised by Rev’d Alison Waterhouse was very successful in raising funds as well as bringing together many people from within the congregation and the wider community,
St Peter’s was the final stop in The Archbishop of Canterbury’s visit to the Diocese. Anna Chaplains and Friends from Portsmouth Diocese came together for activities in the afternoon, and Choral Evensong was followed by a drinks and canapes reception.
As usual, St Peter’s played a major role in the annual Service and Act of Remembrance in the town. St Peter’s had a stall at the annual switching on the lights event in The Square, and goodie bags were handed out to children and this provided another opportunity for interaction with the general public.
St Peter’s is a member church of PACT and continues to support the Food Bank, carol singing around the town and hosted the PACT Carol Service, and supported the Christmas Day hospitality. St Peter’s was a major focus in the town during Advent, when over twentyone carol services and concerts for different schools, uniformed groups and organisations were held in the church, as well as St Peter’s own seven special services, including two interactive nativity services on Christmas Eve.
Underlining St Peter’s commitment to the environment, the Ecology and Environment group is active and explore ways in which St Peter’s can become more eco-friendly. The group encourages individuals with monthly tips in the newsletter and prepared a vegetarian cookbook (printed in 2024).
Every year the PCC gives 10% of the planned giving of the previous year to charities, which is paid in the March of the next year, so in March 2024 we will give 10% of the planned giving in these accounts; at the end of 2023 it was agreed to donate £7,862 as follows:
The Church Mission Society (1/3) Home Start (1/3) Green Anglicans eco project in Mozambique (2/9) Siobhan’s trust work in Ukraine (1/9)
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The electoral roll in 2023 was 228, and the average Sunday attendance for 2023 was 119 adults and 7 people under the age of 16 years. The average attendance has been affected (among other things) by a decrease in the number of baptisms.
Donated Assets – no assets were donated this year.
Risk Management
The major risks to which the charity may be exposed are reviewed regularly and steps taken to mitigate any risks identified. In particular, Health & Safety matters receive regular attention and there are in force Child Protection and Safeguarding policies in accordance with Home Office and Diocesan guidelines.
The Parish Safeguarding officer, on behalf of the PCC, operates a “safer recruitment” approach including appropriate use of DBS checks and also arranges for all relevant people to undertake training in safeguarding for both adults and children. Each year the newly-elected PCC review and sign the parish safeguarding policy at their first meeting.
Financial Review
The Statement of Financial Activities shows a gain of £50,307 which includes an unrealised gain in the market value of St. Peter’s investments of £62,469, meaning a net deficit of 12,162.
Church income generated £11,142 more than last year and expenditure increased by £2,359. Planned giving decreased by £3,522, but voluntary giving increased by £10,402 in collections, donations, appeals etc. It is also worth highlighting that the Church received no legacies last year and none in 2022.
Expenditure has increased by £2,359, with the fuel costs having a serious impact on church running costs, which were up by £9,845. Bank balances are decreasing with the net deficit. As always, the PCC and clergy continue to seek out areas where costs can be reduced.
Given the ongoing cost of living crisis and wider global challenges, a prudent 2024 budget assumes a decrease in our general income, a partial recovery of our investments and some income obtained from grants and an increase in all costs. This will lead to an estimated deficit of c. £ 20K which the PCC will need to minimise via fundraising wherever possible.
We thank all those concerned with the recording, monitoring and preparation of the 2023 accounts, namely Hattie and Sam in the Parish Office, Wendy Gillam and the cash counters, Debbie Reed (the planned giving officer), the Church wardens, Penny and Martin, our Treasurer Cathy Stevens and the Finance Committee and our accountant, Gordon Beer. Special thanks are due to Julia Williams, our bookkeeper, who has done an exceptional job.
Reserve Policy
The PCC`s stated aim is to maintain unrestricted fund reserves equivalent to one half of normal annual outgoings. At present, the value of our reserves is just sufficient to meet this target.
Investment Policy
St Peter’s has a number of investment funds, both restricted and unrestricted. These are currently managed following the Diocesan guidelines.
Approved by the trustees on 13[th] March 2024
And signed on their behalf by: Rev`d Canon Will Hughes, Chairman
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|PAROCHIAL CHURCH COUNCIL OF ST PETERS PETERSFIELD**|**PAROCHIAL CHURCH COUNCIL OF ST PETERS PETERSFIELD|PAROCHIAL CHURCH COUNCIL OF ST PETERS PETERSFIELD**|**PAROCHIAL CHURCH COUNCIL OF ST PETERS PETERSFIELD|PAROCHIAL CHURCH COUNCIL OF ST PETERS PETERSFIELD**|**PAROCHIAL CHURCH COUNCIL OF ST PETERS PETERSFIELD|||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||||
|STATEMENT OF FINANCIAL ACTIVITIES||||||||||
|||||||||||
|YEAR ENDED 31 DECEMBER 2023||||||||||
||Note|Unrestricted |Restricted |Endowment |Total|Unrestricte|dRestricted|Endowmen|t Total|
|||Funds|Funds|Funds|Funds|Funds|Funds |Funds|Funds|
|||2023|2023|2023|2023|2022|2022|2022|2022|
|INCOME AND ENDOWMENTS FROM:||£|£|£|£|£|£|£|£|
|Voluntaryincome|2a|143,102|0|0|143,102|134,319|1,627|0|135,946|
|||||||||||
|Activitiesforgeneratingfunds|2b|19,567|0|0|19,567|13,324|0|0|13,324|
|||||||||||
|Churchactivities|2d|33,409|0|0|33,409|37,686|0|0|37,686|
|||||||||||
|Investments|2c|15,908|210|5,677|21,795|14,341|24|5,410|19,775|
|||||||||||
|TOTAL||211,986|210|5,677|217,873|199,670|1,651|5,410|206,731|
|||||||||||
|EXPENDITUREON:||||||||||
|Costs ofgeneratingfunds|3b|1,204|0|0|1,204|712|0|0|712|
|||||||||||
|Churchactivities|3a|221,048|300|0|221,348|217,143|6,063|0|223,206|
|||||||||||
|Other resources expended|3c|5,359|2,124|0|7,483|3,758|0|0|3,758|
|||||||||||
|TOTAL||227,611|2,424|0|230,035|221,613|6,063|0|227,676|
|||||||||||
|||||||||||
|NET -EXPENDITURE/INCOME||-15,625|-2,214|5,677|-12,162|-21,943|-4,412|5,410|-20,945|
|||||||||||
|INVESTMENT -LOSSES/GAINS||45,545|0|16,924|62,469|-61,624|0|-23,909|-85,533|
|||||||||||
|TRANSFER BETWEEN FUNDS||5,588|90|-5,678|0|15,339|-9,929|-5,410|0|
|||||||||||
|NET MOVEMENT IN FUNDS||35,508|-2,124|16,923|50,307|-68,228|-14,341|-23,909|-106,478|
|||||||||||
|RECONCILIATION OF FUNDS:||||||||||
|Total funds broughtforward||874,119|13,819|180,975|1,068,913|942,347|28,160|204,884|1,175,391|
|||||||||||
|||||||||||
|TOTAL FUNDS CARRIED FORWARD||£909,627|£11,695|£197,898|£1,119,220|£874,119|£13,819|£180,975|£1,068,913|
|||||||||||
|||||||||||
|||||||||||
|Thenotes onpages11to18formpart ofthese accounts.||||||||||
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PAROCHIAL CHURCH COUNCIL OF ST PETER`S PETERSFIELD
BALANCE SHEET AT 312 DECEMBER 2023
| PAROCHIAL CHURCH COUNCIL OF ST PETERS PETERSFIELD | PAROCHIAL CHURCH COUNCIL OF ST PETERS PETERSFIELD | PAROCHIAL CHURCH COUNCIL OF ST PETERS PETERSFIELD | PAROCHIAL CHURCH COUNCIL OF ST PETERS PETERSFIELD | |||||
|---|---|---|---|---|---|---|---|---|
| BALANCE SHEET AT 312 DECEMBER 2023 | ||||||||
| Unrestricted | **cted Restricted ** | **Endowment ** | Total | Unrestricted | cted Restricted | ctedEndowmen T | n Total | |
| Funds | Funds | Funds | Funds | Funds | **Funds ** | **Funds ** | Funds | |
| Note | 2023 | 2023 | 2023 | 2023 | 2022 | 2022 | 2022 | 2022 |
| £ | £ | £ | £ | £ | £ | £ | £ | |
| FIXED ASSETS | ||||||||
| TangibleAssets 5a | 301,380 | 0 | 0 | 301,380 | 301,853 | 0 | 0 | 301,853 |
| Investments 5b | 532,987 | 0 | 197,898 | 730,885 | 473,129 | 0 | 180,975 | 654,104 |
| Total FixedAssets | 834,367 | 0 | 197,898 | 1,032,265 | 774,982 | 0 | 180,975 | 955,957 |
| CURRENT ASSETS | ||||||||
| Stock | 508 | 0 | 0 | 508 | 508 | 0 | 0 | 508 |
| Debtors7 | 1,258 | 0 | 0 | 1,258 | 3,222 | 0 | 0 | 3,222 |
| Investments | 19,744 | 0 | 0 | 19,744 | 19,744 | 0 | 0 | 19,744 |
| Cashat bankandin hand | 69,759 | 14,078 | 0 | 83,837 | 95,635 | 13,819 | 0 | 109,454 |
| TotalCurrentAssets | 91,269 | 14,078 | 0 | 105,347 | 119,109 | 13,819 | 0 | 132,928 |
| LIABILITIES: | ||||||||
| Creditors:Amountsfalling due 8 | 18,392 | 0 | 0 | 18,392 | 19,972 | 0 | 0 | 19,972 |
| withinone year | ||||||||
| Net CurrentAssets | 72,877 | 14,078 | 0 | 86,955 | 99,137 | 13,819 | 0 | 112,956 |
| Net Assets | £907,244 | £14,078 | £197,898 | £1,119,220 | £874,119 | £13,819 | £180,975 | £1,068,913 |
| THE FUNDS OF THECHARITY: | ||||||||
| EndowmentFunds 6 | 0 | 0 | 197,898 | 197,898 | 0 | 0 | 180,975 | 180,975 |
| RestrictedIncomeFunds 6 | 0 | 11,695 | 0 | 11,695 | 0 | 13,819 | 0 | 13,819 |
| UnrestrictedFunds 6 | 909,627 | 0 | 0 | 909,627 | 874,119 | 0 | 0 | 874,119 |
| Total Charity Funds | £909,627 | £11,695 | £197,898 | £1,119,220 | £874,119 | £13,819 | £180,975 | £1,068,913 |
| ~~itt~~ | ~~itt ty~~ | ~~ty~~ | ||||||
| and signed on its behalfby: | ~~itt~~ | ~~itt ty~~ | ~~ty~~ | |||||
| ~~th~~ | ~~itt~~ | ~~itt ty~~ | ~~ty~~ | |||||
| …......................................2024 13~~th~~March 2024 |
Chairman ~~itt~~ |
~~itt ty~~ | ~~ty~~ | Member | ||||
| ~~itt~~ | ~~itt ty~~ | ~~ty~~ | ||||||
| Thenotes onpages11to18formpart ofthese accounts. |
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PAROCHIAL CHURCH COUNCIL OF ST PETER`S PETERSFIELD NOTES TO THE FINANCIAL STATEMENTS Year ended 31 December 2023
Note 1
ACCOUNTING POLICIES
(a)Basis of preparation and assessment of going concern
The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 together with applicable accounting standards,the Financial Reporting Standard (FRS) and the Charities SORP FRS 102.
The financial statements have been prepared under the historical cost convention except for the valuation of investment assets, which are shown at market value. The financial statements 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.
The PCC constitutes a public benefit entity as defined by FRS 102
The trustees consider that there are no material uncertainties about the PCC’s ability to continue as a going concern.
(b) Reconciliation with previous Generally Accepted Accounting Practice
In preparing the 2016 accounts,the trustees had considered whether in applying the accounting policies required by FRS 102 and the Charities SORP FRS 102 a restatement of comparative items was needed at 1[st] January 2016. No restatements were required.
(c)Funds Structure
Endowment funds are funds, the capital of which must be maintained; only income arising from investment of endowment may be used either as restricted or unrestricted funds depending upon the purpose for which the endowment was established.
Restricted funds represent (a) income from trusts or endowments which may be expended only on those restricted objects provided in the terms of the trust or bequest, and (b) donations or grants received for a specific object or invited by the PCC for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of each year must be carried forward as a balance on that fund. The PCC does not usually invest separately for each fund. Where there is no separate investment, interest is apportioned to individual funds on an average balance basis.
Unrestricted funds are general funds which can be used for PCC ordinary purposes.
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PAROCHIAL CHURCH COUNCIL OF ST.PETER’S PETERSFIELD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) Year ended 31 December 2023
(d)Income Recognition
Planned giving, collections and donations are recognized when received. Tax refunds are recognized when the incoming resource to which they relate is received. Grants and legacies are accounted for when the PCC is legally entitled to the amounts due. Dividends are accounted for when receivable, interest is accrued. All other income is recognized when it is receivable. All incoming resources are accounted for gross.
(e)Expenditure Recognition
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. Amounts received specifically for mission are dealt with as restricted funds. All other expenditure is generally recognized when it is incurred and is accounted for gross.
(f)Tangible Fixed assets and Depreciation
Consecrated and benefice property is not included in the accounts in accordance with s.10(2) of the Charities Act 2011.The PCC Members and Trustees consider that as the Freehold Land &
Buildings have a high residual value there is no need to charge depreciation on them in the year.
Movable church furnishings held by the vicar and churchwardens on special trust for the PCC and which require a faculty for disposal are inalienable property, listed in the church`s inventory, which can be inspected (at any reasonable time).
Equipment used within church premises is depreciated on a straight line basis over 4 years. No minimum limit for the capitalisation of equipment has been fixed and the treatment of such expenditure is decided as it arises. Furniture and equipment includes crockery and utensils at St Peter`s Hall at estimated cost. These items are held on a replacement basis and are not subject to depreciation.
(g)Fixed Asset Investments
Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing market price.The Statement of Financial Activities includes the net gains and losses arising on revaluation and disposals throughout the year.
The PCC do not acquire put options,derivatives or other complex financial instruments.
The main form of financial risk faced by the PCC is that of volatility in investment markets due to wider economic conditions,and their attitude to investment risk.
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PAROCHIAL CHURCH COUNCIL OF ST PETER’S PETERSFIELD NOTES TO THE FINANCIAL STATEMENTS ( CONTINUED) Year ended 31 December 2023
(h)Pensions
The PCC have registered with NEST in anticipation of offering employees entitlement to join a defined contribution “money purchase” scheme but as yet no employees are eligible.
(i)Stocks
Stocks of stationery are valued at the lower of costs and net realisable value.Stocks of wine and wafers are estimated at an approximation of cost.
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PAROCHIAL CHURCH COUNCIL OF ST PETER'S PETERSFIELD
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 DECEMBER 2023
2.Income and endowments Unrestricted Restricted Endowment Total Unrestricted RestrictedEndowmen Total
Funds Funds Funds Funds Funds Funds Funds Funds
2023 2023 2023 2023 2022 2022 2022 2022
£ £ £ £ £ £ £ £
(a) Voluntary income
Planned giving : Gift aid donations 79,726 0 0 79,726 83,248 0 0 83,248
: Tax recoverable 21,232 0 0 21,232 20,956 0 0 20,956
Collections 39,911 0 0 39,911 28,328 0 0 28,328
Donations, appeals etc. 2,233 0 0 2,233 1,787 1,627 0 3,414
Legacies 0 0 0 0 0 0 0 0
143,102 0 0 143,102 134,319 1,627 0 135,946
(b) Activities for generating funds
Fund raising 12,844 0 0 12,844 6,894 0 0 6,894
200 Club income 2,080 0 0 2,080 2,342 0 0 2,342
Refresh income 4,643 0 0 4,643 4,088 0 0 4,088
19,567 0 0 19,567 13,324 0 0 13,324
(c) Income from investments
Dividends and interest 15,908 210 5,677 21,795 14,341 24 5,410 19,775
(d) Income from church activities
Parish Hall Income 14,252 0 0 14,252 11,095 0 0 11,095
PCC Fees 18,091 0 0 18,091 25,264 0 0 25,264
Feed in Tariff 1,066 0 0 1,066 1,327 0 0 1,327
33,409 0 0 33,409 37,686 0 0 37,686
(e) Grants
EHDC Grant 0 0 0 0 0 0 0 0
Furlough Grant 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
Total incoming resources £211,986 £210 £5,677 £217,873 £199,670 £1,651 £5,410 £206,731
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| PAROCHIAL CHURCH COUNCIL OF ST PETERS'S PETERSFIELD | PAROCHIAL CHURCH COUNCIL OF ST PETERS'S PETERSFIELD | PAROCHIAL CHURCH COUNCIL OF ST PETERS'S PETERSFIELD | PAROCHIAL CHURCH COUNCIL OF ST PETERS'S PETERSFIELD | PAROCHIAL CHURCH COUNCIL OF ST PETERS'S PETERSFIELD | ||||
|---|---|---|---|---|---|---|---|---|
| NOTES TO THE FINANCIAL STATEMENTS(continued) | ||||||||
| YEAR ENDED 31 DECEMBER 2023 | ||||||||
| 3.Expenditure | ||||||||
| Unrestricte | dRestricted | Endowmen | Total | Unrestricte | dRestricte | dEndowmen | Total | |
| Funds | **Funds ** | Funds | Funds | Funds | Funds | Funds | Funds | |
| 2023 | 2023 | 2023 | 2023 | 2022 | 2022 | 2022 | 2022 | |
| £ | £ | £ | £ | £ | £ | £ | £ | |
| (a) Church activities | ||||||||
| Missionary & charitable giving | ||||||||
| Home | 6,143 | 0 | 0 | 6,143 | 6,300 | 0 | 0 | 6,300 |
| Overseas | 2,775 | 0 | 0 | 2,775 | 2,400 | 0 | 0 | 2,400 |
| 8,918 | 0 | 0 | 8,918 | 8,700 | 0 | 0 | 8,700 | |
| Ministry: Diocesanparishshare | 104,503 | 0 | 0 | 104,503 | 104,503 | 0 | 0 | 104,503 |
| :OtherCosts | 60,604 | 300 | 0 | 60,904 | 53,583 | 2,063 | 0 | 55,646 |
| : PDBF Fees | 7,364 | 0 | 0 | 7,364 | 9,428 | 0 | 0 | 9,428 |
| Church running andmaintenance | 24,442 | 0 | 0 | 24,442 | 10,597 | 4,000 | 0 | 14,597 |
| Church hall running costs | 5,170 | 0 | 0 | 5,170 | 6,006 | 0 | 0 | 6,006 |
| Curate'sHouse | 9,454 | 0 | 0 | 9,454 | 0 | 0 | 0 | 0 |
| Stoneworkproject | -1,119 | 0 | 0 | -1,119 | 22,126 | 0 | 0 | 22,126 |
| Printing and stationery | 1,016 | 0 | 0 | 1,016 | 835 | 0 | 0 | 835 |
| Depreciation | 473 | 0 | 0 | 473 | 473 | 0 | 0 | 473 |
| Bankcharges | 223 | 0 | 0 | 223 | 892 | 0 | 0 | 892 |
| 221,048 | 300 | 0 | 221,348 | 217,143 | 6,063 | 0 | 223,206 | |
| (b) Costs of generating funds | ||||||||
| Flower festivalexpenses | 300 | 0 | 0 | 300 | 0 | 0 | 0 | 0 |
| 200 Club expenses and prizes | 452 | 0 | 0 | 452 | 343 | 0 | 0 | 343 |
| Refreshcosts | 452 | 0 | 0 | 452 | 369 | 0 | 0 | 369 |
| 1,204 | 0 | 0 | 1,204 | 712 | 0 | 0 | 712 | |
| (c )Other resources expended | ||||||||
| Accounting &Examinersfees | 3,660 | 0 | 0 | 3,660 | 3,758 | 0 | 0 | 3,758 |
| Architectsfees | 0 | 2,124 | 0 | 2,124 | 0 | 0 | 0 | 0 |
| Legal fees | 1,699 | 0 | 0 | 1,699 | 0 | 0 | 0 | 0 |
| 5,359 | 2,124 | 0 | 7,483 | 3,758 | 0 | 0 | 3,758 | |
| Total resources expended | £227,611 | £2,424 | £0 | £230,035 | £221,613 | £6,063 | £0 | £227,676 |
13
| PAROCHIAL CHURCH COUNCIL OF ST PETER'S PETERSFIELD | PAROCHIAL CHURCH COUNCIL OF ST PETER'S PETERSFIELD | PAROCHIAL CHURCH COUNCIL OF ST PETER'S PETERSFIELD | PAROCHIAL CHURCH COUNCIL OF ST PETER'S PETERSFIELD | |
|---|---|---|---|---|
| NOTES TO THE FINANCIAL STATEMENTS(continued) | ||||
| YEAR ENDED 31 DECEMBER 2023 | ||||
| 2023 | 2022 | |||
| 4.STAFFCOSTS | £ | £ | ||
| Wages and salaries | 34,684 | 33,316 | ||
| Socialsecurity costs | 0 | 0 | ||
| Pensions | 145 | 55 | ||
| £34,829 | £33,371 | |||
| During the yearthePCC employed a directorof music,verger,secretary,PlayTogether manager | ||||
| and cleaners. | ||||
| No otherpaymentsweremade to anyPCCmemberorpersons closely connected to them | ||||
| or related parties. | ||||
| 5. FIXED ASSETS FOR USE BY THE PCC | ||||
| (a) Tangible Fixed Assets | Freehold | Equipment | Total | |
| Land & | and | |||
| Buildings | Fittings | |||
| £ | £ | £ | ||
| Cost or valuationat1January2023 | 300,361 | 43,069 | 343,430 | |
| Additionsinyear | 0 | 0 | ||
| Disposalsinyear | 0 | 0 | 0 | |
| Totalcost at 31 December 2023 | 300,361 | 43,069 | 343,430 | |
| Depreciationat1January2023 | 0 | 41,577 | 41,577 | |
| Withdrawnondisposal | 0 | 0 | 0 | |
| Chargeforthe year | 0 | 473 | 473 | |
| Depreciationat 31 December 2023 | 0 | 42,050 | 42,050 | |
| Net Book Value | ||||
| At 31 December 2023 | £300,361 | £1,019 | £301,380 | |
| At 31 December 2022 | £300,361 | £1,492 | £301,853 | |
| Freeholdland and buildings comprise StPeter'sHallat anestimatedvalue at time ofdonationof | ||||
| £100,000 and the Curate'shouse at 38,LarcombeRoad at a cost of£200,361.The curate'shousewas | ||||
| revalued at £475,000in 2022. | ||||
| Equipment andFittingsincludes afixed amountforcrockery and utensils at StPeter`sHall | ||||
| which is dealtwithonareplacement basis (seeNote1). |
| PAROCHIAL CHURCH COUNCIL OF ST PETER'S PETERSFIELD | PAROCHIAL CHURCH COUNCIL OF ST PETER'S PETERSFIELD | PAROCHIAL CHURCH COUNCIL OF ST PETER'S PETERSFIELD | PAROCHIAL CHURCH COUNCIL OF ST PETER'S PETERSFIELD | |
|---|---|---|---|---|
| NOTES TO THE FINANCIAL STATEMENTS(continued) | ||||
| YEAR ENDED 31 DECEMBER 2023 | ||||
| 2023 | 2022 | |||
| 4.STAFFCOSTS | £ | £ | ||
| Wages and salaries | 34,684 | 33,316 | ||
| Socialsecurity costs | 0 | 0 | ||
| Pensions | 145 | 55 | ||
| £34,829 | £33,371 | |||
| During the yearthePCC employed a directorof music,verger,secretary,PlayTogether manager | ||||
| and cleaners. | ||||
| No otherpaymentsweremade to anyPCCmemberorpersons closely connected to them | ||||
| or related parties. | ||||
| 5. FIXED ASSETS FOR USE BY THE PCC | ||||
| (a) Tangible Fixed Assets | Freehold | Equipment | Total | |
| Land & | and | |||
| Buildings | Fittings | |||
| £ | £ | £ | ||
| Cost or valuationat1January2023 | 300,361 | 43,069 | 343,430 | |
| Additionsinyear | 0 | 0 | ||
| Disposalsinyear | 0 | 0 | 0 | |
| Totalcost at 31 December 2023 | 300,361 | 43,069 | 343,430 | |
| Depreciationat1January2023 | 0 | 41,577 | 41,577 | |
| Withdrawnondisposal | 0 | 0 | 0 | |
| Chargeforthe year | 0 | 473 | 473 | |
| Depreciationat 31 December 2023 | 0 | 42,050 | 42,050 | |
| Net Book Value | ||||
| At 31 December 2023 | £300,361 | £1,019 | £301,380 | |
| At 31 December 2022 | £300,361 | £1,492 | £301,853 | |
| Freeholdland and buildings comprise StPeter'sHallat anestimatedvalue at time ofdonationof | ||||
| £100,000 and the Curate'shouse at 38,LarcombeRoad at a cost of£200,361.The curate'shousewas | ||||
| revalued at £475,000in 2022. | ||||
| Equipment andFittingsincludes afixed amountforcrockery and utensils at StPeter`sHall | ||||
| which is dealtwithonareplacement basis (seeNote1). |
14
| PAROCHIAL CHURCH COUNCIL OF ST PETER'S PETERSFIELD | PAROCHIAL CHURCH COUNCIL OF ST PETER'S PETERSFIELD | PAROCHIAL CHURCH COUNCIL OF ST PETER'S PETERSFIELD | PAROCHIAL CHURCH COUNCIL OF ST PETER'S PETERSFIELD | |
|---|---|---|---|---|
| NOTES TO THE FINANCIAL STATEMENTS(continued) | ||||
| YEAR ENDED 31 DECEMBER 2023 | ||||
| FIXED ASSETS FOR USE BY THE PCC (continued) | ||||
| b) Investments | 2023 | 2023 | 2022 | |
| Cost | Market | Market | ||
| Value | Value | |||
| £ | £ | £ | ||
| Unrestricted | ||||
| CBFChurchof EnglandInvestmentFund- 23,577.97s | Note1 | 292,372 | 532,987 | 473,129 |
| Endowment | ||||
| Church Estate-COIF IncomeFund-9,419.72units | Note2 | 56,543 | 186,934 | 170,962 |
| Rev`dT RJoliffeMemorial Trust- | ||||
| CBF IncomeFund- 485 units | 3,159 | 10,964 | 10,013 | |
| 59,702 | 197,898 | 180,975 | ||
| Total Investments | £352,074 | £730,885 | £654,104 | |
| Notes: | ||||
| 1.Dividendsreceived during the yeartotalling £14,313have beenused to purchase afurther830 | ||||
| sharesinthe CBFChurchof EnglandInvestmentFund. | ||||
| 2. The endowmentinvestments are bothpermanent endowments, theincome only being available | ||||
| to thePCC. Inthe case ofthe Church Estate, theincome canbe usedforgeneralpurposes. | ||||
| TheincomefromtheRev`d JoliffeMemorial Trust canbe used onlyfor repairs andimprovements | ||||
| to buildings. | ||||
| 6. ANALYSIS OF NET ASSETS BY FUND | ||||
| Unrestricted | Restricted | Endowment | Total | |
| Fund | Fund | Fund | ||
| £ | £ | £ | £ | |
| Fixed assets | 834,367 | 0 | 197,898 | 1,032,265 |
| Current assets | 91,269 | 14,078 | 0 | 105,347 |
| Currentliabilities | -18,392 | 0 | 0 | -18,392 |
| £907,244 | £14,078 | £197,898 | £1,119,220 | |
| PAROCHIAL CHURCH COUNCIL OF ST PETER'S PETERSFIELD | PAROCHIAL CHURCH COUNCIL OF ST PETER'S PETERSFIELD | PAROCHIAL CHURCH COUNCIL OF ST PETER'S PETERSFIELD | PAROCHIAL CHURCH COUNCIL OF ST PETER'S PETERSFIELD | |
|---|---|---|---|---|
| NOTES TO THE FINANCIAL STATEMENTS(continued) | ||||
| YEAR ENDED 31 DECEMBER 2023 | ||||
| FIXED ASSETS FOR USE BY THE PCC (continued) | ||||
| b) Investments | 2023 | 2023 | 2022 | |
| Cost | Market | Market | ||
| Value | Value | |||
| £ | £ | £ | ||
| Unrestricted | ||||
| CBFChurchof EnglandInvestmentFund- 23,577.97s | Note1 | 292,372 | 532,987 | 473,129 |
| Endowment | ||||
| Church Estate-COIF IncomeFund-9,419.72units | Note2 | 56,543 | 186,934 | 170,962 |
| Rev`dT RJoliffeMemorial Trust- | ||||
| CBF IncomeFund- 485 units | 3,159 | 10,964 | 10,013 | |
| 59,702 | 197,898 | 180,975 | ||
| Total Investments | £352,074 | £730,885 | £654,104 | |
| Notes: | ||||
| 1.Dividendsreceived during the yeartotalling £14,313have beenused to purchase afurther830 | ||||
| sharesinthe CBFChurchof EnglandInvestmentFund. | ||||
| 2. The endowmentinvestments are bothpermanent endowments, theincome only being available | ||||
| to thePCC. Inthe case ofthe Church Estate, theincome canbe usedforgeneralpurposes. | ||||
| TheincomefromtheRev`d JoliffeMemorial Trust canbe used onlyfor repairs andimprovements | ||||
| to buildings. | ||||
| 6. ANALYSIS OF NET ASSETS BY FUND | ||||
| Unrestricted | Restricted | Endowment | Total | |
| Fund | Fund | Fund | ||
| £ | £ | £ | £ | |
| Fixed assets | 834,367 | 0 | 197,898 | 1,032,265 |
| Current assets | 91,269 | 14,078 | 0 | 105,347 |
| Currentliabilities | -18,392 | 0 | 0 | -18,392 |
| £907,244 | £14,078 | £197,898 | £1,119,220 | |
15
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PAROCHIAL CHURCH COUNCIL OF ST PETER'S PETERSFIELD
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 DECEMBER 2023
7. DEBTORS
2023 2022
£ £
Trade Debtors 0 431
Income Tax Recoverable 921 2,376
Other Debtors 0 416
Prepayments 337 0
£1,258 £3,223
8. CREDITORS: Amounts falling due within one year
Trade creditors 7,322 913
Accruals 11,070 18,733
Other creditors 0 326
£18,392 £19,972
9. CAPITAL COMMITMENTS
There were no Capital Commitments authorized and contracted for at the year end.(2022 - Nil)
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